li151 LHAItITY NUMLIÈK., IUYJYY4 Soundwell Music Therapy Re ort of the Trustees and ed Finanoial Ststements for the Year Ended 31 March 2025 for Soun well Muslc Thera Trust Monahans Chamered Accounlants Hemies House Fire Fly Avenue Swindon Willshire SN2 2GA bounuwell Muslc l.her Contents of the Financial Statements for the Yoar Ended 31 March 2025 Page Report of the Trustees Indepondent Examinerf8 Report statemont of Flnanclal Acti¥lties Balance Sheet Notes to the Flnanclal Statements io to 18 ounawell MUSIC T her Irv3 ort of the Tru tees foT tho Yegr Ended 31 March 2025 The Trnslees PFescnl their report willi Ihe financial slalemenls of Ihe charity for the year ended 31 March 2025 The Trustees have adopled Ihe provisions of Accounting and Reporting by Gharilios.. Slalemcnl of Recommeiided Practice applicable lo chanlies preparing their accounls in accordance with Ihe Financial Peporting Standard applicable in the UK 8nd Republic of Ireland {FRS 102) (effeclive 1 January 2019). ACHIEVEMENTS AND PERFORMANCE liitroduction The Trustees have pleasure in recording Ihal the Charity has had another produclive year, meeling the needs of over 283 people in Bath and Bri5101. Mental health need in the UK. includin9 In Ejaih and Biistol. has risen. Dc5pile challenges In the fundraising landscape, Soundwell responded lo Ihi5 need, particularly in areas of deprivalion and health inequality, improving Iwes, supporting mental heallh recovery and connecting people through music therapy. Key points include.. The coniinualion of all face-lo-face se55ions with one on-line group continuing 89 different people allended regular SGundwell sessions 227 people attended at least one outreach session 194 Soundwell 5es5ions were run this year Support for people with a range of menlal heatlh needs. We have made provision for people with complex and severe mental illness, for whom music therapy is the only Irealmenl Ihey access for recovery. or where il is an important faclDr in their overall care. Alongside this, we have offeied music Iherapy intervention as a prevenlalive tool to counter worsening mental illne55,' for maintenance of good mental health. Support for unpaid carers who access music Iherapy lo relieve isolation, for expression and peer-support. Oui outreach work has continued to grow, deliverin9 19 se55ion5. 05 we look lo identify and support those expeiiencing multiple health inequalitie5, particularly in areas of depfivation 5 peDple a￿SSed specialist 1-1 sessions lo meet Iheir unique need OUT oulieach programme continued lo 11ourish this year. We were delighted to complele 2 series ol outreaches al a socially prescribed lo wornen'5 group in Knowle West, Bri5101 and a mental health support group al Bath Mind. Our Bath singing group were keen lo sing publicly and delivered their first performance premier al Bath City Farm, lo rapturous applause, as part of Worid Mental Health Day. New WOTk includod some scoping support sessions with unpaid carers in Bristol, following which we hope lo secure more funding for a regular carefs group in Bristol. Fundraising and community awareness development culminaled in the following.. Through the generous support of Stuff, we launched our first ever Impact Repc,l. show.casing Soundwell. work In 202312024. This was vilal in communicating our work lo o)mmissloners aid funders. We took part in the debul Bristol Beacon event. Crealive Health In Aclion, with recordings broadcast of songs written by Ihe fabulous women of Knowle Wesl. Bristol in their Soundwell sessions. In May 2024, Soundwell presented Academic posters al the British Association of Music Th8rapy's conlerence, Leicester. New lunding was successfully secured thi5 year from the Workwell fund. lo prok'ide bespoke emotional support lo stay in, or look for eirploymenl. for those struggling with Iheir mental health. We are exated lo be setting up a singing group wilh this aini, lo be commenced in the Autumn of2025. Through careful cost saving exercises. we have been able to maintain our regular groups and provide a high number of outreaches Ihis year. Wilh menlal health need rising and funijraising becoming more challenging, we have a big job lo meet need in 202512026. Vve will endeavour lo sustain the impacl of our work for those who need il the most. We 3re grateful lo our friends at the Bedminster Quaker Meeting House. Bristol. and the City of Bath District Scout Counul, who cA)ntinue to provide stable, calm space for the work lo continuo wilhoul disruplion. Our financial report reflects our continued excellent financial management and monitoring, with year-end resulls exc*eding pfojeGtions due lo (x)st saving measures implemented in the second half of Ihe year. We have had a very sur￿$$fUl year in the face of an exlemal environment thal conlinues lo put pressure on people's menial health. We will continue lo monitor our finance5 dosely as we enter a year of hlghar inflation and significant rises in the ¢osl of living - recagnising the impact on staff, the charity and our dient5. Panp 1 sic I hora Irus Rc ort of the Trustees he Yoar Ended 31 rch 202 for ACHIEVEMENTS AND PERFORMANCE 1. SERVICES Regular music ¢herapy sosslons Monthly Carcr5 Support group, fae£ to face in Bath. For unpaid cafers who afe isolated and mighl be low in mood Sinqing lor Wellbeing group5 in Bn5101 and Bath Held fortnighlly. for people who have mildlmoderate mental he8llh Issucs. Open Music gioup. in Bri5101 and Bath Monlhly fa￿ to face. For people wilh a range ol mental health Issues. Online Music Listening group. Held monthly foi people with a range of mental health issues. 20-week Music P%ycholherapy group for adults with moderate-highlcomplex mental heallh needs in Bath x 2. 20-week Music Psychotherapy group for adults with moderale-highlcomplex ment31 heallh need5 in Brislol x 2. One-io-onc music therapy for 5 people who couldn't access groups because of their individual needs. Outreachos r4alh Party In the City (17 participants) 6 x Bath Mind {64 participants) World Mental Heallh Day event wilh Avon and w1lshi￿ Partnership (AWP) NHS Trusl (14 partlGipants) 2 x Remind {fomally known as RICE} Imidsomer Norton- 14 participants, Keynsham-21 participants) Developing Health Initiative (9 participants) Brislol.. 6 x Fun and Fab al Knowle West Health Park (51 participants) Carers at Vassa115 Centre. Fishpond514 participants) Carefs conference in Fillon (27 participants) Carors group in Hartcliffe16 partidpanls) Re3chlng diverse groups Soundwell is committed lo reaching mar9inalised communities and removing barriers to music therapy. This incjudes individuals who mighl slip Ihfough the net, who have experienced prejudice and discrimlnalion, and lack of specialist support Ne￿￿OrkIng and refreshing connections has included working with the above organisalions, plus liaising wilh and lakirbg relerrals from community mental health and social prescribing teams, Bristol Autistlc Spectrum Service {BASS). Housing Support Agencies, Women's Specialist SeNic£s, Drug and 1￿cOhOl Specialist Services and Rethink Consultation Group for ex4llents We offer routes lor progression throughout Ihe seNice, induding being in advisory roles for the thaiity- In this way, the se￿iCe model 15 shaped to promole agency and recovery. Consultants helped with a range of Work. e.g. ideas for increasing access. promolion and fundiaising and interviewing new staff as part of recruilment. Recruitment for this consultation panel is ongoing. One of our ex-clienls continues lo hold a trustee p05ilion, on the board. Trainee placement A ifainee for the MA course in Music Therapy, from Ihe University of the West of England (UWE), has been on plac£menl Ihis year. Soundwell afe pleased to SUPPLJrt trainee music therapists in their development, Contribuling lo and benefitting from the next g8neralion of music therapists. Feedback from clients April 20244lar¢h 2025 ular sessions "Coming lo Ihe scssions definitety lighlens my mood- andpmvides a sale place (o exprnss my voice. Hawng som8thing to fill iny lime gives me a sense off pU￿oSe and being part of a group makes fflc feel less iso181ed. I love Ihe fBct that Iho therapists ale keen for song suggestions and wlling lo give them a go." "I leel uplifted by singing whilst al lh8 same lime Trm8inlng calffl. The sessions help me to build up my confidence which is gTrat." .1 re811y eiijoy the fortnighily &nging gmup. It has helped my confidence, given me somathing po&liwe to look lonvanl lo aiid provided me witlj a sense of connec11￿7 and a group lo belong to. My intenlton on staknng the group was to challerige inyself, never having sung b810￿. let alone in front of othertsl l expeGted to find this uncomfortable which I did 811d ofterF experienced panic. but Ihis has lessened therefo￿ been a great help in tackling my panic disorder. The gmup Is sknllully and sensitively managed.. 'My ii?volvemenl has helped my daily lile. Il's 9iV8n me a Kiulino and encoui3ged me to sociallse wilh otherpeoplg.. oundv￿1I MUSIQ lfiera I rust Re ort ol the Truslees for the Year End 31 March 2025 ACHIEVEMENTS AND PERFORMANCE "Soiiiidwell Iiave Trally made a difference lo how I v￿W my lime aheacl. I look lo￿0rd to e41ch moefing. with a sense of knowing I will liave I Iiourof calm, mindfiil, muwc making. that takes me to 8nolh8r place within my consciousness. If is so rel￿5111n9 lo be in ai? environment w178￿ no expectations are made, orgiven aiid each musical piece, ts uniquo. I like mooh.ng the olher Membe￿ of tho gftxjp and lh8 rnlationship I h8V8 With lh8 th9ra￿St￿ leave m8 loeling valuèd l￿d worthy.. "I love listening fo music with olherpeople. It's a 9￿81 way lo connect %Mlh 01h￿￿." 'It has in¢￿ased my con[￿enCe. It has made me feel safe and accepted. It has allowed me lo expTrss mysell. Ifs wniled my creativity and ￿rgnited my love olmusic. 11 has been healing. It was lovèly lo b8 part olil.. '1 h8ve been playing a few instruments at home. I have been &nging morn. It has inspired to lean another inslrumenr. li has made me Te81iso Ihal I c8n experimenl wilh music. 11 has given me Ihe confidence to plck up more inslwmenls. even Il I haveny had lessons. I has 1￿C￿ased music81 freedom and ex￿O￿tIOn. I wanl to $18rt making music 8nd maybe cornling il. I'm getting a piano wliich I leamt 8$ 8 diild." "Il has made me feel liapp￿r and less anxious at lin￿S.. "Il m8de me feel bettev. Carors 'ljust love Ihe music and alway5 leave wilh a smue on my lace. Its fab. I didny think I was mJsical b(rt lums oul l am." "fts grnal lo meet people like me in the same situation as me, with music you can fonjel your lile lor a while. Being 8 Ca￿[Can be a lonely life, rnUs￿ has changed my life." 'Lislening lo each other. Sense of play and freedom." "Love it- high lighi olmy month. Make special emo￿onal music Ihat changes moods... 'Relaxed atmosphetp. Opportunity to say fhings lo otherpeople who can ￿late lo yourproblems and often give uselul advice." "I leel h8ppierand in a good space. been so important lormy mental heallh." "It's t￿lY amazing. Sometimes my face aches after a session from smiling so much. Il's such a *special space and time for ina lo just be and enjoy ¢￿aling music Wjth olhers who jusl get it. 'Makes me feel alrve and free and insprps Ilna￿n0fyon" Gained 'Morn confidence to play music elsewhere. Confiden¢8 to talk about being a caTrr with otherpeople." '1 say mu&c therapy is thghlwhl of my month and it really is. I ditlnl Trally know what to expèc¢ when I started bul it's bnlliont." 'ils really wonderful for getting me molivaled. I value it so much and my husband who is recovering well now from his sI￿keS can ￿allY see an impmvemenl in my ¢￿alIVe￿&s$ and happy mood is impm￿d.. Outreaches Host onjanisation f•edbaek "The sessions We￿ useful in more ways thsn one. Some of our clienls lacked the Conf￿9n￿ lo sing and these sessions provided Ihe space for Ihem to ¢h8lleng0 Ihemselves and explo￿ Iheir own ways of exprpssion without Ihe expeclation of any knnd of perfonnative quality- The level ol ¢h811enge was pilched well, giving partiopanls. wilhin Ihe on8.hour sossion, Ihe opportunity lo make and hearthe progress which they made as a group.. "We just wanl to give thanks lo Sounolvell forproviding this opportunity. Th8 P80plè who att￿ded wanled the sesslons lo conlinue. Within the gffjup there was a sense that people had eXperien￿d something new, even when Ihey regularfy sang wilh olher groups. Maybe Ihis was due lo the fact that they were given the opportunily to ￿fleCt on thelr leelings. the sounds made by lh8 group, Jjomionies, how Ihey connected ￿1h Ihe songs. As the sessions came fo an end it became apparenl that lhe￿ was amthlion within the group to do rn0￿, have rn0￿ sessions and for the nature ol those sessions lo progress." "People who were ai ffrst ml(Ktanl to make 11 thnNwh the doorweTr, at the end, reafranging th8iK Galendafs to makg It sessions., Hosl organisalion for Carers "Carers find il difftcull lo leave the pe￿on Iliey are caring lor and lora lot olcarern Ihe support groups the only social PAnp g oundwell MUSI¢ I hera irus Re oft p Truste03 for tho Year Endod 20 ACHIEVEMENTS AND PERFORMANCE ii?¢cracboii Ihoy can occess Tlie NiiyNng Iiylped to bnng penplo logelher. Ioffget oboul I1￿1r dtty lo doy and hovo somo liin Quilo n Ivw CAroi.% don't IIA'O lo olioiid Ilip. 511pporf gffjups beci?iJso Ilifty (loiiy want lo h801 oboiil ollier pooplos. siliiDIIoYis n17d difficullies Hoving Sovlidb￿.ll aliond Ihc group mconl il takcs 1170 focus ol the qffjup away fn)ni lolking aboul problon?s oiid fo¢usas on wollboiiig lun I lool tlierv Is a lo¢k of corors oclivily gmiips in Ilio cily ond would liko 10 SL'CTr niovp divcis(F clioiGc of supporf gmiips ocn)ss Ilic cily so Ilioi Corn￿ con choso w.'iat typo of group .support suil IlierTI' ~11 fell IFko a bonding oxpcrionce for Ihoso Ilinl attondod The opoiiod up morn whilsl being occuplod ￿th Ilio niijsic sjnd slinrcd por50nAI stories ond feelings Ihal havo nol come up in prnwous meefrngs. They leamt MO￿ 8boul L)Jcli ollioi Jiid weiv oble Io vell-iellecl '"Music is very benoficial lor Ilinse ivilh demenlia and our group particularfy enj'oyed il as Ihey said Ihey foiiiid Ihal il enade Iliorii feel cufinecled" '￿. sB4v smth People wefft ￿ I1￿ nvnenl They Ined SOmBlhtng new They worked log8ther as a group ' "Opeiiiioss. Closoiiess. Williiigness lo sliaro Ille expcncnces in¢luding Jddressing feelings of103s" 2. FUNDING We are exlremcly grateful for Ihe ongoing support fiom ihe following Irusts and foundalion5 which enable us to continue lo deliver such Important work within OUT community Anloii Juigens ASDA Foundation tJ&NCS Health Inequalilies Fund Bancioft Clark Chanlable Trusl BArche51er 8eer-Hams Memonal Tyusl Oouglas Afler Denman Ch3rilable Trust D'oyly Carte Charikble Trusl Garlield ￿'estan Global Make Some N015e Henry Smilli ChaTrty HCRG Welling College Medlock Chaiiiable Tw51 MoTrisons Foundation NHS Bristol N Somersel S Glos ICB People'5 Heallh Lollery Po¢lcode Local Tru51 Ouartel Community Foundation WNC s￿11 Will Charitable Tnlsl Simon Rivott Camac Trusl Sii Jules Thom Chanlable Trust Sirona Care & Health CIC Society Of Mcichanl Venlufe5 si Auslell Ilrewery WealihlimelNovia Foundatson Addilionally we. would like lo Ihank all the 9enerous Individual and anonymous donofs who support us regularty, or have Gonlfibuled lo one ol our fvndtsising campaign5. Your support has enable us lo riiake a real diffeience to ihe Iiye5 of Ihe people we support. FINANCIAL REVIEW 3. Finance Incoinr.. fur the peiiod amounled lo £196.679 (2024 £143,149) Expendilufe amounted lo £164.334 (2024 £1B3,9081 Tlie nel rcsull was a 5urplu5 01 £22,345 for the period (2024. £40,759 deficil)-. when added lo balances brought fojward, Ihc Tiusl liJd nel funds al Ilio year-end of £99,354 unfesllicled funds (2024.. £51,182) and £16.207 restricted funds {2024 £42,034 Suundwell will conlinue lo monilor It¢ fin.Incidl position carelully In Ihts year aliead d5 Ilie impaci of Inflalion and Ihe cAJ51 of living Increase5 are fell The senior slatt team produce regular financial reports and deiailed ca5hflow proiecbons for Ihc Tffeasurei arid Trusteos io Llldi31¥ t15vin lo monitoi finarioal acliievemenl iigdinsl plJn and make adiustrnenls If ¢1￿Jr￿Ssary Panp 4 acch STRUCTURE, GOVGRAAt4CEANO IMNA¢ÈM¢NT. Govornlttg d¢¢umtynl *oUndwcll Music Theropy Trust i¥ ronslrtuled undoi ll Intst deed daled 15 July 2002 &nd i¥'v r¢ul¥tw¢d gharfty. ty thls period. Ihe prlnclpal objecllve was siaied #5 J)feseNe and proie¢t rnental heallli aHii asslsl ltt felbvlng art hBbililaling peDplo oxpohoncin9 emotionpl Or m¢nl?l ¢l$tro￿ flho bontfidariO5 ) living in iho gotsth Wè¥1 ￿ FnBl•nd, pnd th Wdtèlilrc thnd Bjlh & N.E Somersel In.p*ll¢ular. V)tOUgh th• PTaclioe ol mii$l¢ iikfaPY.' The churily Is govemed by b board ol I'￿ste9￿ who ale détailed on pago 6. Tho Boaid mhkes d&risions on Ihtt #nr￿￿1 budgol. fomiulale$ pollay. and G.on$id¢rs $lrotegitt.laSues whteh affed Ihe organlsbllon. Th8 Dlreclorls arnl managgmenl ièam are iÈSPOM$lble for thts day to day runnlng 4nd ma In JanuBry 201.7, seltlng out Iho roleG and,roswnsibllllies Omont of the charity. A S¢h8me ol r).elegaUoD was approvod Trusl¢es and Ihose rnnLters delegaled lo the Oir4clorA. Inty.•At olTrusteo8 oBrd of Trnslep5 appoints newywsiees as I￿low& P.oiÈnti&l Tfuslees ère lrtèattled wllh aiièiilon paid lu refevant 6kli t$ aml ey.pefience TfU51ee skills audils are regvlafly Comple1￿ to infomi Ib6 recwilmenl proce55. Thoy aio shown G¢ple&.of the con5111uilon: annual report end lrteralufo relating lo iesponsibililles of ¢hahlable Trusleos. Onco Idenltfied, pottfifjwl T:fuslÈés'afè In¥ile¢ Io attend 2 TNslèes moellngs as an obseNer prior lo o"mulual dea'>'on b61ng mad8 as tts tholrBuilablllty. tson¢flt Wa l¥ave .relÈrrod lo Q0hklr￿d in. the Ctsrity CoMml&Jloh'¥ sener41 tyldaxce on pibli¢ IKttefl when mvlBvlny our aims aftd oWw41?nd IA pfBnning our fvluro acliviliei. PtskTh8n39oniont Ytha board af Tvustees regulaily revlews #nd kjenlifies ttie.kvy fisks Iv thè Chality Ils dperationB. Thè Board otsnvi)ue 10 4xJnsider two rjf Ihe nwst 519t15fi¢aiil risks lo bo thancial 4USlainability and Safeguarding. In ￿la￿On to IIAon%e, Ihe Bourd ieviews the financial PO$ilion and perfpmiance ol Ilie Cliailly al each me&llng, and ath-vely consldefs IpDg~tèNn cash POSrtion on 0 12-nwnih rollins basis. In addition, this year. a mcnltyty finoncg and fundra15ing c¢tHml#e& I￿$ siaried meeling. Thls enabl¢S lh$ Boaid lo Idenlrfy any polenlial fLnancéal uncerlatnlles In atlvancg #ttd p.FJl In place any measu￿5 should Ib¢y be requirnd, Tho 8oard.oro al80 laking 9n aollve wl¥ in the stralegrc plans for lith￿[ 64UfEPS of volunlary Income. The Board place5 uréai em￿351$ and Impoilance IH rolalion to SJfo91I4￿lll0, All slaff .ond, Iru¥i¢es have up lo dale BBfeguardina iralnlno updaiod, al lov812. 3 or 4 as appropriato Ihg itjle. We havo also beeft.mlndfiil thal thero are '8ffieienl safeguardlng issues when providing remoia seTrices Ihan far* its fa¢è, Th Ilustpe Saleguaidin9 Lead Intsntse5 lo help monjlor both pollty and Pfaclico in Ihk area. A5 a 14EuII pl Ihw cosl measufes Soundwell Implemented tr1)¥. y¢hr, &￿Adw¥]1 htt&48W￿ed B th1600 ¢2024. £6ti.600) to be appropriate, calculated us" o 013 Morths ufpmvlous yeaf8 oxppndiluio Al doswe of gt#ff rodundaftw and 6laluloty. occounts afJ¢J Ifinu, f,1￿ H4seNè$ Polw [% amwity ￿ part trf 8QEmdwdP& fir￿)nd￿l plannFng. Tho Tw51ees wlll.consider curr.ent i$ts of￿ *x4rytir5e l37vl¢vd ofMstNe$.wh0n 8OWroiho fDllowlno y8arf$ bud9eL Tho Jevel ofsgsep4¢s s(ands at£115.5ts1 12024. £U3216), of whl&h £W.354 F024. £M,484 arè fruo Th• .iIwi.vhV lo¢Jk b Malnt¥in 13ils level ol In Iht yAar. Fwriher IlnMGlal bo Pthyid¢d UypW¥twlridèdgiying and ¢oi¥M#unily lurtdrot¥th9. Omr IOF a Ihiiwu fflu$ic Iherapy $orvirp (x>nlinues Inlts 202$, wheio w¥ hopo to wpportihD58 Ngh IBv81s of 11086 In the Sotdh Wosl, Imlh Ilie Impact ol Iho ¢uriènt econiimlc wisis lyolhll téll Acro tho ¢ouAty.. énd Il's myrlad ¥rnA8(A tsn k￿lIb, ow is tver mDr4 in demand. AS Ihtr ¢ur*eiil y4 nts U5 vlith mole'fu￿￿¢￿aI thgu¢nw wo VAI towayaty Véallng a robu8t fanandol basis tq dBtiwor ourliVJ rAnao ol $¢ntKos amd r4spL)nd th n*thV PÈltirity rJR¥tsv41y. Ply$ addi Appro¥80 by ordèr ofthv Ixiard ofiN¥tOfJ¥ ...,..,-. ,,. , . fjn Its behallhy. boundwell Music i nèra Iwst ort ol the Tnjstces forthey arEn ed 31 March 025 REFERENCE AND ADMINISTRATIVE DETAILS Rogistcred Charity number 1093992 Princlpal addrtS5 Qu."IKei Meelinq House 'cdmorc Vale ristol L3%3 514X Trustoes DT L WomeT (Chaif) Mf Fl E114S Ms J Wildblood Mvs J Clay (resigned 20 01251 Mr P Wa150n Ivs A Hariis Mr O Kelliam Mis V Bergei Mi D Baleman (appuinled 8 7 24) CEO E We.alherup Zoe Newirig-moore (resigned 12 02 251 Independeni Examiner IDiialiaiis Cliartered Accounlants Hermes House Fire. Fly Avenue Sl'iindon Willshiie SN2 2GA Bankor5 CAf Bank Lld 25 King5 Hill Avenue Kin95 Hill Wesl Malling Kenl tJL19 4JQ HSBC Bank plc 46 Fore Sireel TFowbridge BA14 8EL Bank DednLiy Road Biislol B51 SAS Approved by ordef of Ihe board of Irustees on ZD25 and signed on its behalf by Qr C Wain hairl Tuslee en xamincrs to the I rujtooy ot undwe u$5¢ Thora Tru¥ Indopondont oxamlnof$ report lo tho tru8leo¥ of Soundwoll Muslc Thorapy Trust l iepofl lo Ihe charily 1rusle.es on my e]taminallon ol Ihe accounis ol Soundwoll Musio Therapy Trusl {Ihe Trusll for the year cnded 31 March 2025 Responslblllties and basls of roport As Ilie ch¢irily Iluslees ol Ilie TIu51 you are responslble for the pieparalion ol Ihe accounts In axordance wlh Ihe rcquiremenls ol Ihc Chanlies Acl 201 i rthe AGI.) I report In respecl ol my ex8miDalion of Iho Trust's accounls camcd out undor Section 145 of the Acl and In rarrying out my oxaminalion I havo followcd all applicabltr DITeclions given by Ihe Charity Cornmisslon under Section 145(511bl or the Ad Independent oxamlnerfs Gtatemenl I ha¥e cofflplelcd my examination. I confirin Ihdl no malcnal ffiaiicr5 havo corne lo my allLnlion In conneclion with tho ex8m11i4Jtion giving me cause lo believe Ihttl In any maleEial rcspoci aceouniing fecoids weie not kepl in iespecl of Iho Twsl as required by Seclion 130 of Ihe Act. or the accounls do nol acc*>rd w*ih th05È recoids. or Ihe occounls do nol COfTiply wilh Ihp applicable requirements Goncerning Ihc lom and content of acrAwnts sel oul in Ilio Cliawilies (Arzounls and Reports) Regulallons 2008 Olher Ihan any iequiremenl that tho 8Ciounls givo a true and fair view whlGh15 not a m8ller con51deTed &8 part ol an Independnnl examinolion I h3ve no concerns and liave come across no other mallcrs In conneclion Y4rfh lh8 examination lo which allenlion should be drawn in Ihis fCPOrt in order lo enable a proper understanding ol the accounts lo be reached. Mark Powcll CA Monahans Lhartered Accounlanls Hp.Imv5 14oy5Q Fire Fly Avenue Swindon WillsliiTe SN2 2GA Oale Ir$2£ 11 I Iltra ststement ol Financial Activities lor the Year Ended 31 hlarch 2025 2025 Total funds 2024 rolal funds Llnie51ncled fund5 Reslncled funds Noles INCOME AND DONATIONS FROM DoTrJlions and legaTre5 InveEtmenl income 97.977 1.573 87.129 185.IC 1.573 142.126 1,023 Tot31 99. Jf50 87.129 186.679 143.149 EXPENDITURE ON chan￿ble acbvrti l.'.us',G I herapy 51.378 112.956 164,334 183.908 NET INCOMEIIEXPENOITURE) 48.172 125.8271 22.345 (40,759) RECQNCIUATION OF FUNDS l olol funds bruughl lowiartl 51.182 034 93.216 133.975 TOTAL FUNDS CARRIEO FORWARD 09.351 16.207 115,581 93.216 The f¥Xes ICAM par. ol Ihese finanoal stsiemenls ovnawell MUSIC Ingra I rusi ealfftnco Shoe Ima h 2025 2025 Toial lunds 2024 UnresliiGled lund5 Resincled li,Ids funds Noles FIXED ASSETS TBn9ible 43ssels 10 6.14G 6,146 6,942 CURRENT ASSETS DebloTS Ca511 al ljank J1 9.270 90,343 9,270 lQ6,550 4,929 58,533 16.207 99,613 16,207 115,820 93.462 CREDITORS Arnoun15 fallinu due within ono year 12 (6,4051 (6,405) (7,188> NET CURRENT ASSETS 93.20B 16,207 109.415 86.274 TOTAL ASSETS LESS CURRENT LIABILITIES 99.354 16,207 115.561 93,210 NET ASSETS 99.354 16.207 115.￿1 93.216 FUNDS UnreslriLled lunds Reslncied fiinds 13 99.3Y 16.207 51,182 42,034 TOTAL FUNDS 115.561 93.216 The Iinanoal slalemenls were approved by the Board of Twsiees and authonsed for Issue on and were signed on Ils bi.hall by. Cf. io C Warncr Ir) Tru51ee A14ariis . Truslee Tlie nole5 loim pan of Uiese financiat sl(Ilemeiils PanA g >ounawell Mu8ic I nora I rusl Nolos to he Flnanclal Stalom nls forthe Y ar En h202 ACCOUNTING POLICIES Basis of preparing the financial ststoments Tho Iinancial slalemenls of Ihe charity, which 15 a public benefil enlily under FRS 107, have been prep4lred In arcordance with Ihc Chafilie5 SORP IFRS 1021 'Accounling and Reporting by ChariliFJS'. Slalemeni ol Recommended Praclice applicable lo charilics PTepanng their accouiils In ac¢ordance wilh the Finanu?I Roporting Slandard applicable in Ilie UK and Rrpublic of Ireland (FRS 102> {effecli¥e 1 January 2019).. Financial Roporting Slandard 102 'The Financial Reporling Slandaid applicable in the UK and RepubliG of Ireland, and Ihe Charitie5 Act 2011 1 he. financJal slalemenls have been Prepared under the h151orical cosl convenlion Going Concern The Board ol Truslees considers Ilial Ihe Charity has adequate resoufces to conlinue In oporalional existence lor Ilie foreseeable future. For this rea50n, Il Continues lo adopt the going concern basis In preparing the Iiiiancial statements Expendituro Liabililies are ierL)ynised as expendilurL os soon as Ihere is a legal or construclivo obligolion commitling the charily lo Ih31 expendilure. Il Is probable Ihal a Iran51er of economic bonefils will bo ￿qUIred In settlement and Ihe ainounl ol Ilie obligalion can be measured reliably. Expenditure Is accounted fnr on an aecrua15 basi5 and has been classilied under heading5 Ihal agg¥e9ale all c051 relalod lo the &ileqory, Where costs Ginnol be difeclly allnbulvd lo particular headings Ihey have been allocaled lo adivities on a basis u)nsislenl wilh Ihe use of resources Tanglblo fixcd assots Depfecialion Is provided al the lollowing annual ￿leS In oid8r to wnle off each asset over 115 estimal*d ug8ful life 20°A on a reducing balance bas15 Planl and machinery Taxation The charity Is exempl from tax on 115 chaiilable acbvilies. Fund accounting Uiireslricled funds can be used In accordance wilh ihe chanlable obieclives at the discretion of the Iruslees. Re51iicled lunds can only be used lor particular ieslricled PUTposes wilhin the objects of tlie charity Re51riclions arise when specified by Ihe donor or when lunds ale raised foff parts'cular restricied purposos. Funher explanation ol Ihe naluie and purpose of each fund Is includeLI In the notes lo Ihe financol slalemenls. Hiro purchase and loastDg commitmonts Renla15 paid under opeTaling leases ale charged lo Ihe Stalemenl ol Financlal Arlivilies on a sliaight linè basis over Iho period of Ihe leasc Pension cos15 and olher post-rctirement benofits The clioidy opeiales a defined conliibulion PEnsion scheme. Contributions payable lo Ihe charity'5 pension schome are charged lo Ihe Slalemenl DI Financial Activities in Ihe penod lo which Ihey relalo InGoming resources Voluntary Income Including donalions and 9fanls Ihal PTovide coro funding or are of a general nature Jro fecognised when theie is enliilemcnt. certainty ol ieceipl 8n41 Ihe amounl can be measured with sulficienl reliabilify Inveslmenl Income Is rewflised on a receivable basis. Income from Choiilable Acliyitses Includes Income recognised as earned undoi ontracl In rnnliniipA boun(Jwell MUSIC I hera Note to h• Flnanclal Staloments - continu 31 March 25 DONATIONS AND LEGACIES 2D25 2024 Donations Gfanls Ollier Incomo 27.927 156,179 42,.101 99,825 185,108 142,126 INVESTMENT INCOME 2025 2024 Dep0511 acwunl Inleresl 1.573 1.023 CHARITABLE ACTIVITIES COSTS Support C051s (see note 5) Direcl Cosls Tolals Music Thefapy 161.063 3,271 164.334 SUPPORT COSTS GovcinanL costs Finance Totals Mu51c Therapy 182 3.089 3.271 Fees paid lo our independenl examiner total £2,275 nel ol val (2024 £2,275) OTHER 2025 2024 Support costs 3.211 TRUSTEES. REMUNERATION AND BENEFITS Dunng Ihe year no frcelon¢e lees OT expenses were paid lo Trustees12024. £nill. Trustees. exponses Thcfe weTe no Iru51ees' expenses Pa￿ for the year ended 31 MaTch 2025 nDr for the year ondL?d 31 Maich 2024 No expenses were reimbufsed lo Tiuslee5 duiiiig Ilio year (2024 £11 travel expenses). STAFF COSTS 2025 2024 Wages and salaries Soaal 6eGunty costs Olher pension G051s 119.308 7,763 4.463 123,183 9,206 4,762 131,534 137, Panp 11 rnntini Ibwl -ounowell Mu51¢ 1 hera I rust Notes to the Finan¢lal Statements - contln for the Ye r Ende 31 March 202 STAFF COSTS - continued The avpr8ge monthly nuinber of employe¢s during the year was as follows: 2025 2024 Adminislfalive Services No e.mployees re￿Ived emoluments in excess of £60.000, The above analysis has been preparcd on a headcounl basis. On a full-lime equivalenl basis, the average ofemployees during Ihe yeaf w85 as follows. 31.3.25 Adminislralive e￿ICe5 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FROPa THL PRIOR YEAR Unrestricted Restricted funds lund5 Tolol funds INCOME AND DONATIONS FROM Donalions and logacies Inve51menl 117come 65.301 .1.023 76.825 142.126 1.023 Total 66,324 76.825 143.149 EXPENDITURE ON Charitable activities Music Theiapy 183,908 79,292 104,616 NET INCOMEI{EXPENDITURE) Transfers between funds (12.968) (27.791) (40.759) 2.383 2.383 Nct movement in funds {10.585} (30.174) (40.759) RECONCILIATION OF FUNDS Total funds bfoughl loThvard 61.767 72.208 133.97f TOTAL FUNDS CARRIED FORWARD 5".,182 42,034 93.216 P>np l? rhntriniip bounoweii Mil Ic I nera I rust No es o tho Flnanclal Stalements - corétln for he Year Èndod 31 Mar¢h 2025 10. TANGIBLE FIXED ASSETS Plant and machinery COST At 1 April 2024 Additions 23,623 741 Al 31 Maith 2025 24.364 DEPRECIATION Al 1 Apiil 2024 Charge IOT year 16.681 1,537 Al 31 March 2025 18.218 NET BOOK VALUE Al 31 Maich 2025 6.146 Al 31 March 2024 6,942 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepaymen15 and acctued income 7.004 2.266 2,670 32,259 9.270 34.929 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade vediloT5 Olhcr uedilors Accruals and delerred intA)me 2.351 1,324 2.730 3,612 845 2.731 6,405 7.188 Panp 12 rnnlirti ounowell Music I hera Iru5 Notes to thè Financlal Stateme ts- oonlln f r tho Year Ended arc 02 13. MOVEMENT IN FUNDS Net movement in funds At 31.325 At 1.4.24 un￿StrIGtCd fund5 Gencral fund 51,182 48,172 99.354 Restricted fund5 Quartel Comrnunity Foundalion - Bristol city He311h Fund Medlock Chanlable Trust Morrisons Foundation Sociely of Mer¢hanl Venlurefs Quartet Communily Foundalion - Express GFanl Denman Charilablp Twsl Global Make Some Noise People's Hoallh Tnjst Barcliesler Asda Found3lion Anton Jurgen5 St Auslell Brewery Quarlel Community Foundalion Resillence Fund NHS Biislol N.Somersel S.Glos ICB- Workwell Singing GTOUP 2,751 611 3.(X)O (2,751) (1 $8) (3.000> 453 5,000 1,000 26,366 1.399 (5,000) (1.000) (26.366) 2.054 (1.500) 1400) 2,437 1.283 3,453 400 2.437 1.283 1,570 1,570 7.OQ4 7.004 42,034 25,827 16,207 TOTAL FUNDS 93.216 22,345 115,561 rnnlinliprt bounawoii MUSI I hora I rust os to the Flnanoial Statement5 - conllnued ar Ended 31 March 2025 13. MOVEMENT IN FUNDS _ continued Nel movement In funds, indudcd in Ihe above are a5 follows. Incoming resourGes Resources expended Movement in funds Unrestricted funds General fund 99,550 (51.378> 48,172 Reslricled fund5 Bath arid North East Somotsel CounrJl The Henry Smilh Chaiily Medlock Chanlable Trust Morrisons F.ound31ion Garfield Weston Society of MeTGhanl Venlurefs The Novia Foundalion Quartei Community Foundalion - Express Grant HCRG Denmaii Charitable Trusl Global Make Some Noise People's Heallh Tiust Barchestei Asda Foundation Anton Jurgens SI Au51ell Biewery Quartel Community Foundation Resilience Fund Sirona Care & Health CIC NHS Brislol N Somersel S.Glos ICB- Woikw¢ll Singing Group 12,000 17,5(M) (12,OiXII (17,5001 (2,751 > 1158) (15,0001 13.000) (500) (2,7511 (1581 15.0 13.0001 500 15,000) {10,000) 11,000) (26,366) (7,5251 (1,500) (400) (1.fJ63) (1,257) {5,0001 10.000 (1.000) (26.3661 2,054 {1,5001 <400) 2.437 1.283 9,579 4,000 2,540 4,385 4.621 (2,815) (4.621) 1.570 7.004 7,004 87.129 112,956 TOTAL FUNDS 186.679 164.334) 22,345 P20p 14 rnntiniiwl ¥•ounaweii MU Ic I hera I n¥st Note5 to the Financial Ststomen contln..ied for the Year En ed 31 March 202 13. MOVEMENT IN FUNDS- continued Comparatives for movernent In funds Net movement In funds TransfeTS between funds Al 31.3.24 At 1.4.23 Unrestricted funds Geneial fund 61.767 112.968) 2.383 51,182 RestTiGted funds National Lottery Community Fund Quartet Community Foundation . BTislol City Health Fund D'oyly Carte Charitable Trust Medlock Chanlable Trust Morrison8 Foundats"on Soclety ol Merchant Venlufefs Quartet Community Foundation- Expres$ Grant Denman Charitable Twsl Oouglas Arter Foundation Global Make Some Noise People's Health Trust BaTchesler Asda Foundation 3.415 {3,4151 6,293 16,286) (3,000) 2.751 2.994 1,aOO 2.751 611 3.000 (2,383} 2,000 5,000 1.000 1500) (30.634) 1.399 1.500 400 5.000 1,000 57.000 26.366 1,399 1.500 400 72.208 27.791 2.383 42,034 TOTAL FUNDS 133.975 40.759) 93,216 Comparative net mo¥etnenl in funds. included in Ihe above are as follow5: Incoming resources Resources expended Movemenl n funds Unrestricted funds General fund 66.324 {79.292) (12,9681 Restricted funds Bath and North East Somer5el Counol National Lottery Cammunily Fund Quartet Community Foundation - Bristol City Health Fund O'oyly Carte Charrtable Trust The Henry Smith Charity Medlock Chaniable Twsl MorT150nJ Foundatson Souety ol Merchant Venlure¢s Quartet Communily Foundation - Expre. Grant HCRG Denman charitab￿ Trust Dougl35 Arter Foundalion Global Make Some Noise People's Hedlth Trusl Schreier Founrjabon Bdrchesler Simon Riveti Carnac Asda FOUnda￿On 3.000 (3,000) (3.415) 13.415> <6,286) 13,000) <35,000) {2.249) (1421 12.000) {6,286) {3,000) 35.000 5.000 3,136 3,000 2,751 2.994 1,000 5,000 10.000 1.000 5,000 (10,000) 1.000 (5001 (30,6341 1.399 {500) (30,634) (3,390) (3,0001 4,789 3.0(10 1,500 2.al 400 12.000) 76.825 104.616 27,791 TOTAL FUNDS 143.149 183.9081 Pxnp 1fi rnnlin114vI bounijwell MUSIC i nora I rust s to fhe FlnanGlal Statements - conti f r the Y ar E dcd 31 March ued 02$ 13. MOVEMENT IN FUNDS - conllnued Gcneral Fund £99.354 The nel operAling resull of unreslncled Incomo and expendilure This Includes a designaled operalinq rescNe which represents 3mths lurnover This 15 reviewed annu￿. Brislol City Health Fund £7 Th15 grant was awarded lo coveT Ihe 2 year penod July 202110 Junc 2023. The grant supports our work in Brivalol lo en