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2026-03-31-accounts

REGISTERED CHARITY NUMBER: 1093992

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2026 (including costs to cessation)

for

Soundwell Music Therapy Trust

Monahans Chartered Accountants Lennox House

3 Pierrepont Street Bath Somerset BA1 1LB

Soundwell Music Therapy Trust

Contents of the Financial Statements for the Year Ended 31 March 2026

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 19

Soundwell Music Therapy Trust

Report of the Trustees for the Year Ended 31 March 2026

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2026. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

ACHIEVEMENTS AND PERFORMANCE Introduction

The Trustees record that although the Charity has seen increased demand and uptake of services over the last year as detailed below, the fundraising landscape is too challenging and, purely because of lack of funding available, the Trustees have made the decision to close Soundwell Music Therapy at the end of July 2026.

This decision has been made with deep regret. Despite our sustained efforts over many years to secure the funding needed to continue, we have faced a long-term and unsustainable lack of financial support. We are grateful to all funders who have supported Soundwell in the past, but the Trustees have decided that without large, multi-year grants available, they aren't able to offer a high-quality, reliable service for clients. After exploring every viable option, our Board of Trustees has concluded that we can no longer continue to operate our groups and services.

"Heartfelt thanks to everyone who has supported Soundwell since its inception. The loss of the UK's only bespoke music therapy mental health charity is a major blow to people with severe, enduring needs in Bristol and Bath. Regretfully, Trustees see no option but closure. We will support clients in finding alternatives and prepare staff for redundancy, while honouring 23 years of vital work." Catherine Warner, Chair of Trustees.

Soundwell acknowledges that the withdrawal of services is difficult for some clients and is working collaboratively with partner organisations and care providers to support individuals during transitions. We are deeply concerned about the extremely limited availability of music therapy provision in the community, more widely. We are also concerned about the scarcity of mental health support in general.

Key service points during this financial year include:

We continued to work on raising the profile of Soundwell this year to support funding requests, and awareness within our communities of the services and support we provide. We attempted to connect with MPs, The Mayor of the West of England, Royalty and various high profile local musicians and artists. Attempts were also made to introduce corporate services and expand into new service areas.

We are grateful to our friends at the Bedminster Quaker Meeting House, Bristol, the Scout HQ Bath, and The Park Community Centre, Kingswood, who provide stable, calm space for the work to continue.

We are pleased that despite the sadness of closing; we have been able to manage the ending of the Charity therapeutically, for the benefit of our participants. This has been down to excellent financial monitoring and planning, the support of Trustees and the professionalism of all staff and music therapists involved.

Page 1

Soundwell Music Therapy Trust

Report of the Trustees for the Year Ended 31 March 2026

ACHIEVEMENTS AND PERFORMANCE 1. SERVICES

Regular music therapy sessions

Outreaches

Overall Summary: Snapshot of sessions

Number of Soundwell participants: 106 at regular sessions, 26 at Outreaches. Number of sessions run: 122

Reaching diverse groups

Soundwell is committed to reaching marginalised communities and removing barriers to music therapy. This includes individuals who might slip through the net, who have experienced prejudice and discrimination, and lack of specialist support. Networking and refreshing connections has included working with the above organisations, plus liaising with and taking referrals from community mental health and social prescribing teams, Bristol Autistic Spectrum Service (BASS), Housing Support Agencies, Women's Specialist Services, Drug and Alcohol Specialist Services, Bath and Bristol Mind and Rethink

Feedback from clients April 2025-March 2026

Open and Singing groups

''Great, I really enjoyed joining the group and it lifted my mood.''

''Always positive, as I have felt supported through recent physical and mental problems. There's always space to express how we feel, and encouragement to take the next piece in whatever direction we wish.''

''Really good, I'm incredibly socially anxious, have no self-confidence, and am becoming more mentally unwell, but these sessions give me hope.''

''As a long standing user of Soundwell Therapy programmes I always appreciate the interaction with the presenters and other participants and enjoy experiencing music outside of my usual genres.''

''I am always extremely grateful and expectant when the sessions are about to happen. I look forward tremendously to meeting the other members and participating in whatever form the musical output of everyone, finds itself. It helps me a great deal, knowing it will take place.''

''I have a wonderful time at the singing group. I feel included and wanted which is a lovely feeling. Everyone sings really well which is lovely for my ear drums. I wish it was more often as it one of my favourite times in the week. It makes me feel happy''

''I have only started fairly recently but the welcome I got from the group was very warm and kind. This group is great for me as someone who enjoys singing in my own time. ''

Page 2

Soundwell Music Therapy Trust

Report of the Trustees for the Year Ended 31 March 2026

ACHIEVEMENTS AND PERFORMANCE

''I gain a sense of accomplishment in coming!''

WorkWell Singing for Wellbeing

"The sessions were great with helping my confidence. I was really nervous to meet and sing along with other people. But the fear subsided after attending a couple of sessions and I began to look forward to the session. The impact was a greater experience than I expected. I loved singing with the group and I felt welcome and comfortable. Kim and Harry are great teachers which really helped my confidence plus it was a good bunch of people. I only wish there could have been more sessions at the park centre as it's so close to my home. I always found I was really elated after singing and I felt quite emotional sometimes. It's good to help deal with emotions."

"I had a wonderful time at Soundwell with Kim and Harry. They were very accommodating and we sang some lovely songs together. It was also great to bond with the others in the group and enjoy singing together."

"Very good, built my confidence, and became better interacting with people with different experiences. Always felt happier after a session, and helped me to find a way forward in my life."

Carers

''I just looked forward to our monthly sessions. I feel it helps a great deal. I have always enjoyed music and not being a musician but to join in and make some very harmonious sounds at times is wonderful. Meeting up with other carers is useful too with their similar experience. Thank you''

''However I am feeling, I always feel better when I've been to Soundwell. I enjoy the camaraderie and playing together. It is very special.''

''It was better and easier than I anticipated. I was a bit anxious about meeting people but everyone was very welcoming. I felt connected with the music I created and how it combined with all the other music as a whole. A very positive and beneficial experience, thank you.''

2. FUNDING

We are extremely grateful for the ongoing support from the following trusts and foundations which enabled us to continue to deliver such important work within our community last year.

Additionally we would like to thank all the generous individual and anonymous donors who support us regularly, or have contributed to one of our fundraising campaigns. Your support has enabled us to make a real difference to the lives of the people we support.

Page 3

Soundwell Music Therapy Trust

Report of the Trustees

for the Year Ended 31 March 2026

FINANCIAL REVIEW

3. Finance

Income for the period amounted to £97,399 (2025: £186,679). Expenditure amounted to £196,197 (2025: £164,334).

Included within expenditure above is £66,556 of closure provisions. These are provisions for expenditure we are expecting to incur between 1 April 2026 and 31 July 2026 in order for the charity to wind up in an orderly manner.

The fixed assets have also been fully depreciated in these accounts due to the cessation plans. This incurred additional depreciation costs of £4,916.

The net result was a deficit of £98,798 for the period (2025: £22,345 surplus); when added to balances brought forward, the Trust had net funds at the year-end of £16,763 unrestricted funds (2025: £99,354) and £Nil restricted funds (2025: £16,207).

The results for the financial year ended 31 March 2026, without the cessation costs, would have reported a deficit of £27,327 for the year; when added to balances brought forward, the Trust would have had net funds at the year end of £85,023 unrestricted funds and £3,212 restricted funds.

Following the Trustees' decision to close the charity, our focus will be to closely monitor the remaining funds to ensure that all financial obligations are met and any expenditure incurred is in-line with the constitution and core objectives of Soundwell Music Therapy.

Any surplus unrestricted funds held at the end of July will be donated to charities whose objectives are in line with Soundwell's.

We will donate our instruments to the following charities:

Throughout the year, the Senior Staff Team produced regular financial reports and detailed cashflow projections for the Treasurer, Trustees and Senior Staff Team to enable them to monitor the financial position, and will continue to do so until the charity is closed.

Page 4

Soundwell Music Therapy Trust

Report of the Trustees for the Year Ended 31 March 2026

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Soundwell Music Therapy Trust is constituted under a trust deed dated 15 July 2002 and is a registered charity. The principal objectives, as amended in 2025 are to:

  1. TO PRESERVE AND PROTECT MENTAL HEALTH AND WELLBEING FOR PEOPLE LIVING IN THE SOUTH WEST OF ENGLAND, THROUGH THE PRACTICE OF MUSIC THERAPY, AND OTHER MUSICAL ACTIVITIES THAT PROMOTE WELLBEING.

  2. TO ADVANCE THE EDUCATION OF THE PUBLIC, AND IN PARTICULAR SERVICE PROVIDERS AND THE MUSIC THERAPY PROFESSION INTO THE BENEFITS OF MUSIC THERAPY AND OTHER MUSICAL ACTIVITIES THAT PROMOTE WELLBEING, FOR PEOPLE EXPERIENCING EMOTIONAL OR MENTAL DISTRESS.

The charity is governed by a board of Trustees who are detailed on page 6. The Board makes decisions on the annual budget, formulates policy and considers strategic issues which affect the organisation. The Director/s and management team are responsible for the day to day running and management of the charity. A Scheme of Delegation was approved in January 2017, setting out the roles and responsibilities of Trustees and those matters delegated to the Director/s.

The charity's closure process has been thought through, planned, diligent, sensitive to the needs of the clients and financially responsible. Clinical and finance data are being kept in accordance with charity law and within professional guideline recommendations. Please see the Soundwell website for more information on this.

The Soundwell website will remain visible for 10 years from 31 July, so that resources can be viewed, for example our Legacy Impact Report.

Appointment of Trustees

The Board of Trustees appoints new Trustees as follows: potential Trustees are identified with attention paid to relevant skills and experience. Trustee skills audits are regularly completed to inform the recruitment process. They are shown copies of the constitution, annual report and literature relating to responsibilities of charitable Trustees. Once identified, potential Trustees are invited to attend Trustees meetings for 6 months, as an observer prior to a mutual decision being made as to their suitability.

We are pleased to announce that Simon Hall joined the Board of Trustees in July 2025. He brings with him extensive knowledge and experience of music therapy, safeguarding and working with children and young people.

The last Trustee Meeting for Soundwell was held on 15 July 2026.

Public Benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives, in planning our activities and on the point of closing the charity down.

Risk management

The Board of Trustees regularly reviewed and identified the key risks to the Charity and its operations. The Board continue to consider two of the most significant risks to be financial sustainability and safeguarding. In relation to finance, the Board reviewed the financial position and performance of the Charity at each meeting, and actively considered the long-term cash position. This enabled the Board to identify any potential financial uncertainties well in advance and put in place any measures should they be required, such as closure.

The Board placed great emphasis and importance in relation to safeguarding. All staff and Trustees have up to date safeguarding training at level 2, 3 or 4 as appropriate for the role. We have also been mindful that there are different safeguarding issues when providing remote services than face to face. The Trustee safeguarding lead continues to help monitor both policy and practice in this area.

Page 5

Soundwell Music Therapy Trust

Report of the Trustees

for the Year Ended 31 March 2026

STRUCTURE, GOVERNANCE AND MANAGEMENT Reserves policy and future plans

The Reserves Policy was reviewed annually as part of Soundwell's financial planning and is usually based on an average of 3 months of the previous year's expenditure. However, in light of Soundwell's closure, we have calculated the reserves figure for our year end to 31 March 2026 as follows:

As a result, we have deemed a reserve figures of £66,556 to be appropriate.

The current level of reserves stands at £16,763, all of which are free reserves. This is after providing for the cessation costs of £66,556.

Approved by order of the Board of Trustees on .21/07/2026. and signed on its behalf by:

Catherine Warner

Dr. C Warner (Chair) - Trustee

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1093992

Principal address Quaker Meeting House Wedmore Vale Bristol BS3 5HX

Trustees

Dr C Warner (Chair) R Ellis Ms J Wildblood P Watson Mrs A Harris O Kelham Mrs V Berger D Bateman S Hall (appointed 17.7.25)

Director

E Weatherup

Independent Examiner

Monahans Chartered Accountants Lennox House 3 Pierrepont Street Bath Somerset BA1 1LB

Page 6

Soundwell Music Therapy Trust

Report of the Trustees for the Year Ended 31 March 2026

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

HSBC Bank plc 46 Fore Street Trowbridge BA14 8EL

Triodos Bank Deanery Road Bristol BS1 5AS

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

Approved by order of the Board of Trustees on ..21/07/2026.. and signed on its behalf by:

Catherine Warner

Dr C Warner (Chair) - Trustee

Page 7

Independent Examiner's Report to the Trustees of Soundwell Music Therapy Trust

Independent examiner's report to the trustees of Soundwell Music Therapy Trust

I report to the charity trustees on my examination of the accounts of Soundwell Music Therapy Trust (the Trust) for the year ended 31 March 2026.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination.

I have identified matters of concern in my report. I draw attention to note 1 of the financial statements which states that Soundwell Music Therapy Trust will cease operations in July 2026. The charity is not a going concern.

I confirm that there are no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Powell CA

Monahans Chartered Accountants Lennox House 3 Pierrepont Street Bath Somerset BA1 1LB

Date: 21 July 2026

Page 8

Soundwell Music Therapy Trust

Statement of Financial Activities

for the Year Ended 31 March 2026

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
59,118
Investment income
3
1,284
Total
60,402
EXPENDITURE ON
Charitable activities
4
Music Therapy
142,993
NET INCOME/(EXPENDITURE)
(82,591)
RECONCILIATION OF FUNDS
Total funds brought forward
99,354
TOTAL FUNDS CARRIED FORWARD
16,763		 Restricted
funds
£
36,997
-
36,997
53,204
(16,207)
16,207
-		 2026
Total
funds
£
96,115
1,284
97,399
196,197
(98,798)
115,561
16,763		 2025
Total
funds
£
185,106
1,573
186,679
164,334
22,345
93,216
115,561

The notes form part of these financial statements

Page 9

S oundwell Music Therapy Trust

Balance Sheet 31 March 2026

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
-
CURRENT ASSETS
Debtors
11
2,487
Cash at bank
88,668
91,155
CREDITORS
Amounts falling due within one year
12
(74,392)
NET CURRENT ASSETS
16,763
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,763
NET ASSETS
16,763
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
-
-		 2026
Total
funds
£
-
2,487
88,668
91,155
(74,392)
16,763
16,763
16,763
16,763
-
16,763		 2025
Total
funds
£
6,146
9,270
106,550
115,820
(6,405)
109,415
115,561
115,561
99,354
16,207
115,561

The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2026 and were signed on its behalf by:

Catherine Warner.

C Warner (Chair) - Trustee

............................................. A Harris - Trustee

The notes form part of these financial statements

Page 10

S oundwell Music Therapy Trust

Notes to the Financial Statements for the Year Ended 31 March 2026

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Going Concern

Following the Board of Trustees decision to wind the charity up in July 2026, these accounts have not been prepared on the going concern basis.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% reducing balance basis

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Incoming resources

Voluntary income including donations and grants that provide core funding or are of a general nature are recognised when there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Investment income is recognised on a receivable basis.

Page 11

continued...

S oundwell Music Therapy Trust

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

1. ACCOUNTING POLICIES - continued

Incoming resources

Income from Charitable Activities includes income recognised as earned (as the related goods or services are provided) under contract.

2. DONATIONS AND LEGACIES

2026
£
Donations
47,614
Grants
48,498
Other Income
3
96,115
3.
INVESTMENT INCOME
2026
£
Deposit account interest
1,284
4.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 5)
£
£
Music Therapy
192,807
3,390
5.
SUPPORT COSTS
Governance
Finance
costs
£
£
Music Therapy
90
3,300
Fees paid to our independent examiner total £2,750 net of vat (2025: £2,275).
6.
OTHER
2026
£
Support costs
3,390		 2025
£
27,927
156,179
1,000
185,106
2025
£
1,573
Totals
£
196,197
Totals
£
3,390
2025
£
3,271

Page 12

continued...

Soundwell Music Therapy Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

7. TRUSTEES' REMUNERATION AND BENEFITS

During the year no freelance fees or expenses were paid to Trustees (2025: £nil).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

No expenses were reimbursed to Trustees during the year (2025: no expenses).

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2026
£
89,072
9,759
3,197
102,028		 2025
£
119,308
7,763
4,463
131,534

The average monthly number of employees during the year was as follows:

Administrative
Services		 2026
2
3
5		 2025
2
4
6

No employees received emoluments in excess of £60,000.

The above analysis has been prepared on a headcount basis. On a full-time equivalent basis, the average number of employees during the year was as follows:

Administrative
Services
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FROM THE
PRIOR YEAR
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
97,977
87,129
Investment income
1,573
-
Total
99,550
87,129
EXPENDITURE ON
Charitable activities
Music Therapy
51,378
112,956
NET INCOME/(EXPENDITURE)
48,172
(25,827)		 31.3.26
0.6
1.6
2.2
Total
funds
£
185,106
1,573
186,679
164,334
22,345

Page 13

continued...

Soundwell Music Therapy Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FROM THE PRIOR YEAR - THE PRIOR YEAR - THE PRIOR YEAR -
continued
Unrestricted
Restricted
Total
funds funds funds
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 51,182 42,034 93,216
TOTAL FUNDS CARRIED FORWARD 99,354 16,207 115,561
10. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2025 and 31 March 2026 24,364
DEPRECIATION
At 1 April 2025 18,218
Charge for year 6,146
At 31 March 2026 24,364
NET BOOK VALUE
At 31 March 2026 -
At 31 March 2025 6,146
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Trade debtors - 7,004
Prepayments and accrued income 2,487 2,266
2,487 9,270
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Trade creditors 3,082 2,351
Other creditors 1,192 1,324
Accruals and deferred income 70,118 2,730
74,392 6,405

Page 14

continued...

Soundwell Music Therapy Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

13. MOVEMENT IN FUNDS

At 1.4.25
£
Unrestricted funds
General fund
99,354
Restricted funds
Quartet Community Foundation -
Bristol City Health Fund
7
Morrisons Foundation
453
People's Health Trust
3,453
Anton Jurgens
2,437
St Austell Brewery
1,283
Quartet Community Foundation
Resilience Fund
1,570
NHS Bristol N.Somerset S.Glos ICB -
Workwell Singing Group
7,004
16,207
TOTAL FUNDS
115,561
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
60,402
Restricted funds
Quartet Community Foundation - Bristol City Health
Fund
Morrisons Foundation
Garfield Weston
-
-
15,000
Denman Charitable Trust
1,500
Global Make Some Noise
10,000
People's Health Trust
1,597
Schreier Foundation
3,000
Simon Rivett Carnac
1,000
Anton Jurgens
-
St Austell Brewery
-
Quartet Community Foundation
Resilience Fund
-
NHS Bristol N.Somerset S.Glos ICB -
Workwell Singing Group
1,650
Postlewaite Music Foundation
1,500
Bristol Airport
1,000
Bath Boules
750
36,997
TOTAL FUNDS
97,399		 Net
movement
At
in funds
31.3.26
£
£
(82,591)
16,763
(7)
-
(453)
-
(3,453)
-
(2,437)
-
(1,283)
-
(1,570)
-
(7,004)
-
(16,207)
-
(98,798)
16,763
Resources
Movement
expended
in funds
£
£
(142,993)
(82,591)
(7)
(453)
(15,000)
(7)
(453)
-
(1,500)
-
(10,000)
-
(5,050)
(3,453)
(3,000)
-
(1,000)
-
(2,437)
(2,437)
(1,283)
(1,283)
(1,570)
(1,570)
(8,654)
(7,004)
(1,500)
-
(1,000)
-
(750)
-
(53,204)
(16,207)
(196,197)
(98,798)

Page 15

continued...

Soundwell Music Therapy Trust

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.24 in funds 31.3.25
£ £ £
Unrestricted funds
General fund 51,182 48,172 99,354
Restricted funds
Quartet Community Foundation -
Bristol City Health Fund 7 - 7
Medlock Charitable Trust 2,751 (2,751) -
Morrisons Foundation 611 (158) 453
Society of Merchant Venturer's 3,000 (3,000) -
Quartet Community Foundation -
Express Grant 5,000 (5,000) -
Denman Charitable Trust 1,000 (1,000) -
Global Make Some Noise 26,366 (26,366) -
People's Health Trust 1,399 2,054 3,453
Barchester 1,500 (1,500) -
Asda Foundation 400 (400) -
Anton Jurgens - 2,437 2,437
St Austell Brewery - 1,283 1,283
Quartet Community Foundation
Resilience Fund - 1,570 1,570
NHS Bristol N.Somerset S.Glos ICB -
Workwell Singing Group - 7,004 7,004
42,034 (25,827) 16,207
TOTAL FUNDS 93,216 22,345 115,561

Page 16

continued...

S oundwell Music Therapy Trust

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Bath and North East Somerset Council
The Henry Smith Charity
Medlock Charitable Trust
Morrisons Foundation
Garfield Weston
Society of Merchant Venturer's
The Novia Foundation
Quartet Community Foundation -
Express Grant
HCRG
Denman Charitable Trust
Global Make Some Noise
People's Health Trust
Barchester
Asda Foundation
Anton Jurgens
St Austell Brewery
Quartet Community Foundation
Resilience Fund
Sirona Care & Health CIC
NHS Bristol N.Somerset S.Glos ICB -
Workwell Singing Group
TOTAL FUNDS		 Incoming
resources
£
99,550
12,000
17,500
-
-
15,000
-
500
-
10,000
-
-
9,579
-
-
4,000
2,540
4,385
4,621
7,004
87,129
186,679		 Resources
Movement
expended
in funds
£
£
(51,378)
48,172
(12,000)
-
(17,500)
-
(2,751)
(2,751)
(158)
(158)
(15,000)
-
(3,000)
(3,000)
(500)
-
(5,000)
(5,000)
(10,000)
-
(1,000)
(1,000)
(26,366)
(26,366)
(7,525)
2,054
(1,500)
(1,500)
(400)
(400)
(1,563)
2,437
(1,257)
1,283
(2,815)
1,570
(4,621)
-
-
7,004
(112,956)
(25,827)
(164,334)
22,345

General Fund £16,763

The net operating result of unrestricted income and expenditure. This includes a provision for closing expenditure expected to be incurred between 1 April and 31 July 2026.

Morrisons Foundation £Nil

This grant was awarded in 2023 to purchase 2 new electric pianos, other small instrument stocks and a storage cupboard. It has been agreed with the Foundation that these surplus funds can be donated to a charity whose objectives are in line with Soundwell’s at the end of July 2026.

Garfield Weston £Nil

Funds of £30,000, to be used over two years for operating costs, were granted in May 2024. All funds have been fully utilised.

Denman Charitable Trust £Nil

This grant was awarded in support of our core services and was fully utilised in the year.

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Soundwell Music Therapy Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

13. MOVEMENT IN FUNDS - continued

Global Make Some Noise £Nil

This grant was awarded to support our operating costs between 1 July 2025 and July 2026. The remaining balance of the grant will be spent before the end of July.

People's Health Trust £Nil

This grant was awarded to support the cost of our open and singing groups in Bristol. The funded period was September 2023 to August 2025. All funds have been utilised.

Schreier Foundation £Nil

This grant was awarded to support our Bath and Bristol open groups and our online group. All funds were fully utilised in the year.

Simon Rivett Carnac £Nil

This grant was awarded to support our Bath singing group. All funds were utilised during the year.

Anton Jurgens £Nil

This grant was awarded to support our 20 week group. The grant was fully utilised by May 2025.

St Austell Brewery £Nil

This grant was awarded to support our 20 week group. The grant was fully utilised by May 2025.

Quartet Community Foundation Resilience Fund £Nil

This grant was awarded to support the board development, ex-client consultation group and referral processing system. This grant was fully utilised by the end of March 2025.

NHS Bristol, N.Somerset, S.Glos ICB - Workwell Singing Group £Nil

This grant was awarded to support a 16 week singing group in Bristol. All funds were fully utilised by the end of March 2025.

Postlewaite Music Foundation £Nil

This grant was awarded to support our Bath carer’s group. All funds have been fully utilised.

Bristol Airport £Nil

This grant was awarded to support our Bristol open and singing groups. All funds will be utilised by the end of June when our groups end.

Bath Boules £Nil

The grant was awarded in January 2026 to support our Bath open group. All funds will be utilised by the end of June when our groups end.

14. RELATED PARTY DISCLOSURES

There are no related party transactions to disclose during the year.

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S oundwell Music Therapy Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2026

15. POST BALANCE SHEET EVENTS

The Board of Trustees have taken the decision to cease activities on 31 July 2026.

With this in mind there have been provisions made for the costs expected to be incurred from 1 April to 31 July 2026, estimated to be £66,556.

Fixed assets have been fully depreciated in these accounts, incurring additional depreciation costs of £4,916.

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