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2023-03-31-accounts

SOUND CONNECTIONS

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements For the Year Ended 31 March 2023

Charity number 1095947 Company number 04561825 (England & Wales)

SOUND CONNECTIONS

Contents

For the Year Ended 31 March 2023

Page
Legal and Administrative Information 2
Report of the Directors (Trustees) 3 to 10
Independent Examiners’ Report 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cashflows 14
Notes forming part of the Financial Statements 15 to 22

1

SOUND CONNECTIONS

Legal and Administrative Information

Year ended 31 March 2023

Charity Legal Name: Charity registration number: Company registration number: Trustees

Sound Connections

1095947

04561825 (England & Wales)

N York – Chair S Alleyne E Bokuma Lenda A Frame R Green G Knox S Mattock M Mizzi N Senok

Company Secretary Senior Management Team

P Flood

P Flood - Director J Raven – Deputy Director L Coomb – Programme Manager A Porter – Programme Manager

Registered office & operational address:

1[st] Floor Rich Mix 35-47 Bethnal Green Road London E1 6LA

Independent Examiners:

Simpson Wreford LLP Chartered Accountants Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS

2

SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year ended 31 March 2023, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 or Ireland (FRS102).

Structure, Governance and Management

Governing document

Sound Connections is a charitable company limited by guarantee, incorporated on 14 October 2002. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the Company being wound up each of the Members are required to contribute an amount not exceeding £1. Its operational address is currently at 3[rd] Floor, Rich Mix, 35-47 Bethnal Green Road, London, E1 6LA

The charity is managed by its trustees who constitute the board of directors and have been appointed in accordance with the charity’s Articles of Association. The directors in office during the year ended 31 March 2023 were as follows:-

N York – Chair S Alleyene E Bokuma Lenda S Caballero – resigned on 25 May 2022 A Frame R Green G Knox S Mattock M Mizzi N Senok

The day-to-day management is carried out by P Flood. The registered office is disclosed on the information page.

Recruitment and Appointment of Trustees

The Directors of the Company are also Charity Trustees for the purposes of charity law. We thank Shauni Cabellero for her time as a Trustee and wish her the very best in the future.

Staff

During the year we had several staff changes and developments. We welcomed back Jennifer Raven from here maternity leave to her role as Deputy Director. Tee Peters was promoted to the role of Wired4Music

3

SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

Producer, and we welcomed Perri Wickham as Assistant Producer. We also continued our relationship with Vanessa Stansall and Brenda Rattray as advisors on our Training and Professional Development strand of work. We continued to develop our Associate Consultant list to reflect an increase in demand and the need for specialist skills and experience.

Organisational Structure

Sound Connections currently has a board of nine Trustees who meet (at least) quarterly and are responsible for the strategic direction and policy of the charity. All Trustees have considerable experience and expertise related to the charity’s business and needs.

Responsibility for the provision of services and the general running of the Charity rests with the Director along with Senior Managers. The Director is responsible for ensuring key performance indicators / targets are met and that funders are kept fully appraised of the results of their projects. The Managers are responsible for the day to day running of the various programmes and the supervision of staff and contracted workers employed to deliver those services

Related Parties

Our Trustee, Esther Bokuma Lenda was paid £3,475 in the year for providing youth voice training.

Objectives and activities

Our vision and mission

Our vision is for a fair and equitable world in which music and creativity support children and young people to thrive as active, happy, and fulfilled people.

Our mission is to ensure that all children and young people can experience music and creative opportunities that are relevant to them and responsive to their needs in a changing world.

Our values

Our context

Our work strategically responds to the existing landscape:

4

SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

Who we work with

Achievements and Performance – the year in brief

Our work with children and young people

Wired4Music is our creative network of over 1,200 young people from all over London's 33 boroughs, with a core membership of 63 who are consistently engaging and participating in our programme. 63% are female, 34% male, and 3% are non-binary. 57% of members are from Black, Asian and Ethnically diverse backgrounds and 92% are from highly economically deprived areas in London.

Activity included:

Performance events: Delivered one major event Rich Mix, ‘Sunrise Showcase’ in July 2022. 15 young people came down to produce an event around showcasing music. 11 of them performed original music to a live audience and 4 of them assisted in producing video and photographic content along with gaining experience in facilitating an event. At the event there were also panel discussions about how identity and representation is portrayed in music careers and how people can take advantage of their identities as individuals/culture identity. “I loved being part of the event, and apart from gain performance experience, I have been able to bring my music to new people who got to meet me, with whom I managed to connect.” (Participant).

Drop-in sessions: Delivered in-person opportunities to for young people to receive mentorship and guidance in August and September. Our members were able to network and learn from each other about how to have a sustainable music career. The focus for each month was “How to find performance opportunities”, “sharing music and group feedback” as well as asking members what they would like to see in the future from our programme. “I’m quite a shy person so I was able to show off some of my music” (Attendee).

Development needs analysis (DNA) mentoring sessions: Opened up slots for 1:1 mentor sessions where, over a 20 minute call, young people can communicate their challenges and goals with the W4M team and receive bespoke advice and guidance, signposting them to people and places who can help to helpful. In addition, there is written feedback form to allow them to keep track of their progress.

Internship programme: We offered an internship opportunity to one of our core members to help the team with the marketing and programming of Wired4Music. This paid role, offered weekly mentorship sessions and experience with working in our charity.

Monthly newsletter: We delivered 17 monthly newsletters plus two additional ones to showcase Wired4Music’s talented members via a shout out section as well as all of the current opportunities available

5

SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

for 16-25 year olds to get involved in from both our internal programming and the wider music education community.

Commissioned articles: We commissioned Wired4Music members to post written or video articles about our standout events and opportunities.

Generate: Our investment and talent development programme for Wired4Music members. Across the year 11 members were selected to take part in our Generate funding programme. This allowed acts like Nazzy Dinero (Youth Music Awards Nominee) and Mathilda Taylor, who recently held her first sold-out gig at St Mary La Strand, to further develop their project ideas. DJ Don Lon made a creative community for other DJs to network and work together in a collaborative environment, and Reckless Demeanour worked on a theatrical music concert which involved fusing musicianship with drama. Generators received between £200-1,000 for their work along with monthly mentoring and group sessions.

Young Trustees: Shakira Alleyne and Rudy Green continued to serve as Wired4Music members and young Trustees on the Sound Connections board. This is a training and development opportunity over a two-year period.

Our work with the music education workforce

Our activity continued to focus on achieving the following outcomes:

  1. To improve knowledge and understanding of high quality musically inclusive practice

  2. To improve skills and confidence of high quality musically inclusive practice

  3. To change practice

Activity consisted of a mix of online and in-person events, mentoring programmes and funding programme Innovate. Areas included developing inclusive practice, social justice, equality, diversity, inclusion and belonging (EDIB), Early Years, youth voice and participation. We continued to work with two curators who are specialists in EDIB, social justice and Early Years to develop the programme.

The strengths of the Training and Professional Development programme have been in the following areas:

Activity was in three broad areas:

Individual opportunities

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SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

Training and network events

Research and resources

Our work with the music education sector

Sound Connections continued to support and partner with a wide range of organisations who directly work with children and young people across London. Relationships with the 29 Music Education Hubs continued to improve with staff siting on a number of strategic advisory groups, presenting at events and developing bespoke projects for a number of hubs.

Our work with our strategic partners continued as well as our support of small emerging grassroots organisations who were part of our Innovate partnership programme.

Youth Music continues to be a major supporter of our work and we continued our role as a Fund C organisation through to March 2023. Our relationship with Arts Council England is thriving and we developed new relationships with a number of other funders to support our work across the sector.

Sound Connections continues to be a member of Music Mark, the subject association for Music, and the Music Education Council, the national body representing music education in the UK. This enables the organisation to contribute to the national debate on music in the UK and advocate for the support of young people who are in the most challenging circumstances.

Our sector support and consultancy work

We continued to focus our strategic sector support work with Music Education Hubs and wider music organisations on Youth Voice both in London and across England. We worked with two London Music Hubs, Brent and Haringey, through our Activate programme, supporting them to embed Youth Voice within their strategy and programming. We successfully delivered an Introduction to Developing your Youth Voice and Participation Strategy training session in February and programmed our first Youth Voice and Participation Network meeting.

Our consultancy strand continued to grow across the UK with clients including North Yorkshire Local Cultural Education Partnership (youth voice), English Heritage (youth voice), Live Music Now (evaluation), the National Open Youth Orchestra (evaluation) and London Music Fund (evaluation). In total our consultancy work generated over £135,000 in income.

7

SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

Financial Review

The attached financial statements show the current state of the charity’s finances for the year ended 31 March 2023.

Incoming resources for the year totalled £354,312 of which £168,382 were for restricted purposes. Outgoing resources for the year totalled £381,148 of which £182,889 were attributable to restricted funds. Overall the accounts show a deficit for the year on unrestricted funds of £12,329 for the year. Unrestricted funds at the year-end totalled £223,556 of which £23,000 is designated.

Reserves policy

The trustees have considered the charitable company’s need for reserves with reference to the major risks it faces. It has established a policy where unrestricted funds not invested in fixed assets should be at least enough to cover three months’ core running expenses, with an aspiration in the coming years to build to six months.

Forecast expenditure for 2023/24 on core costs is £339,607 and therefore the target reserves are £84,902 in general funds. As we have surpassed this target we are looking at increasing our reserves policy to cover six months’ core running costs over the next few years. A designated fund was established in 2007 to provide for redundancy payments.

Principal funding sources

In the year ended 31 March 2023, the National Foundation for Youth Music funded around 40% of the overall charitable activities.

Harriet’s Trust, Lucille Graham Trust, Samuel Gardner Memorial Trust, Scops Trust, Sisters of the Holy Cross and The D’Oyly Carte Charitable Trust funded 18% of the overall income for projects designed to extend our provision for ‘hard to reach’ young people and training the workforce. Course fees, training, consultancy work, commissioned work and other income accounted for the remaining 42%.

Plans for future periods

We successfully delivered the first year of our new three-year business plan (2022-2025). Our five priorities in the business plan are:

  1. Youth Voice

  2. Inclusion and Access

  3. Diversity

  4. Structural and systemic injustice and discrimination

  5. Sector relevance, resilience, and sustainability

From 1 April 2023 Sound Connections will receive 3 year funding from the National Foundation for Youth Music and will also become an Arts Council England National Portfolio Organisation. This investment amounts to £220,000 per year through to March 2026. This will provide a solid base for future fundraising and supports both our approach to trusts and foundations and our consultancy programme.

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Report of the Directors (Trustees)

Year ended 31 March 2023

And over the next two years we aim to:

  1. Continue to use our independent status to champion change across the music education sector in order to achieve more inclusive and equitable opportunities for young people.

  2. Develop our work on a national and international basis - fully transition from a London based organisation to a national strategic sector support organisation and a UK leader in Youth Voice.

  3. Explore new digital approaches to delivery to extend our reach and broaden participant base.

Risk management

The trustees have assessed the major risks to which the charitable company is exposed and are satisfied that systems are in place to mitigate exposure to major risks. The principal external risk continues to be the loss of funding that supports ‘core’ or fixed costs including senior staff and work continues to aim to reduce this risk by diversifying the company’s funding and income base. Internal risks are managed by the established procedures for the authorisation of all transactions as well as a detailed system of financial and budgetary control, all of which are reviewed annually by the Senior Management Team and Trustees.

Directors (Trustees) Responsibilities

The Trustees, as set out on page 3 (who are also the directors of Sound Connections for the purposes of company law) are responsible for preparing the Directors’ (Trustees) Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.

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SOUND CONNECTIONS

Report of the Directors (Trustees)

Year ended 31 March 2023

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Limited liability

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up. The total number of such guarantees as at 31 March 2023 was ten.

Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

Sound Connections charitable purpose is to provide increased access to music and musical education to young people in London, particularly those from disadvantaged backgrounds and provide them with opportunities to participate in a range of musical activities.

Independent examiners

Simpson Wreford LLP., were appointed as Independent Examiners during the year and have expressed their willingness to continue in that capacity.

The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of directors (trustees) on 1 August 2023.

N York Director (Trustee)

10

SOUND CONNECTIONS

Independent Examiners’ Report

To the Trustees of Sound Connections for the Year Ended 31 March 2023

I report to the charity trustees of the company for the year ended 31 March 2023, which are set out on pages 12 to 22.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s report

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across 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.

Kate Taylor FCA For and behalf of Simpson Wreford LLP, Chartered Accountants

Institute of Chartered Accounts in England and Wales

Wellesley House Duke of Wellington Avenue London, SE18 6SS Dated: 5 August 2023

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SOUND CONNECTIONS

Statement of Financial Activities (including Income and Expenditure Account)

Year ended 31 March 2023

Notes
INCOME
4
Donations and legacies
Charitable activities
TOTAL INCOME
EXPENDITURE ON:
6
Raising funds		 Unrestricted
Funds
Restricted
Funds
Total funds
Total funds
2023
2022
£
£
£
£
41,789 - 41,789
44,985
144,141 168,382 312,523
593,205
185,930 168,382 354,312 638,190
-
6,986
- 6,986
4,950
Charitable activities 191,273 182,889 374,162
542,147
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 198,259 182,889 381,148 547,097
(12,329)
(14,507)
(26,836) 91,093
- - -
-
(12,329)
(14,507)
(26,836) 91,093
235,885 43,057 278,942
187,849
223,556 28,550 252,106 278,942

The results for the year derive from continuing activities, and there are no other gains or losses other than those shown above.

The notes on pages 15 to 22 form part of these financial statements.

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SOUND CONNECTIONS

Balance Sheet as at 31 March 2023

Notes
Fixed Assets
Tangible assets
8
Current Assets
Debtors
9
Cash at bank and in hand
Creditors
Amounts falling due within one year
10
Net current assets
Total net assets
The Funds of the Charity
11
Unrestricted Funds
Restricted Funds		 643

90,332
278,212

368,544

(117,081)
251,463
223,556
28,550

252,106
2023
252,106		 2,630
112,702
285,378
398,080
(121,768)
276,312
235,885
43,057
278,942
2022
278,942		 2,630
112,702
285,378
398,080
(121,768)
276,312
235,885
43,057
278,942
2022
278,942
278,942
235,885
43,057
278,942

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements on pages 12 to 22 were approved by the Trustees on 1 August 2023 and signed on their behalf by:

N York Director (Trustee)

Company Number – 04561825 (England &Wales)

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SOUND CONNECTIONS

Statement of Cashflows

For the year ended 31 March 2023

Notes 2023
£		 2022
£
Cash used in operating activities
Net cash provided by/(used in) operating activities
17
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash provided by/ (used) in investing activities
(Decrease)/Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year		 (7,167)
-
-
-
(7,167)
285,378
278,211		 124,639
-
(1,930)
(1,930)
122,709
162,669
285,378

14

SOUND CONNECTIONS

Notes to the financial statements – Year ended 31 March 2023

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

Company information

Sound Connections is a company limited by guarantee incorporated in England and Wales and registered as a charity with the Charity Commission. The registered office is 3[rd] Floor, Rich Mix, 35-47 Bethnal Green Road, London, E1 6LA

(a) Basis of accounting

The financial statements have been prepared in accordance with 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 (FRS102)– (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

The effects of events relating to the year ended 31 March 2023 which occurred before the date of approval of the financial statements by the Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2023 and the results for the year ended on that date.

Sound Connections meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

(b)Going Concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

(c) Fund accounting

(d) Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

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Notes to the financial statements – Year ended 31 March 2023

1. Accounting Policies continued

(e) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

(f) Fixed assets

Fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

It is the policy of the company to provide depreciation at the following annual rates in order to write off each asset over its estimated useful economic life. The following rates of depreciation have been applied throughout the year.

Computer equipment - 33.3% on cost

Assets with a cost of £500 or more are capitalized.

(g) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

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Notes to the financial statements – Year ended 31 March 2023

1. Accounting Policies continued

(i) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(j) Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

(k) Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

(l) Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2. Related Party Transactions

E Bokuma Lenda was paid £3,475 for youth voice training. No other trustee (or persons connected with them) received any remuneration or benefits from the charity during the year.

3. Remuneration

Remuneration of key management personnel 2023
2022
£
£
Aggregate total 87,868
97,767

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Notes to the financial statements – Year ended 31 March 2023

4 Income
Unrestricted
Restricted
2023 Total
2022 Total
£
£
£
£
4.1 Income from donations and legacies
Donations
9,289
-
9,289
670
Grant income
Harriet's Trust
15,000
-
15,000
10,000
A New Direction
-
-
-
6,565
Samuel Gardner Memorial Trust
1,500
-
1,500
1,750
Lucille Graham Ttust
2,000
-
2,000
-
Noteweavers
-
-
-
1,000
The Foyle Foundation
-
-
-
25,000
The D'Oyly Carte Charitable Trust
4,000
-
4,000
-
Sisters of the Holy Cross Charitable Trust
10,000
-
10,000
-
4.2 Income from charitable activities
Performance related grants
Youth Music - Fund C
-
143,982
143,982
159,980
Arts Council England - Cultural Recovery Fund
-
-
-
82,500
Arts Council England - Hub Support Programme
-
-
-
85,150
Children in Need
-
-
-
21,313
Scops Arts Trust
-
23,000
23,000
23,000
Rachel Baker Memorial Trust
-
-
-
37,500
Consultancy and training income
143,943
-
143,943
179,162
Charitable rental income
-
-
-
1,600
Other
198
1,400
1,598
3,000
185,930
168,382
354,312
638,190		 4 Income
Unrestricted
Restricted
2023 Total
2022 Total
£
£
£
£
4.1 Income from donations and legacies
Donations
9,289
-
9,289
670
Grant income
Harriet's Trust
15,000
-
15,000
10,000
A New Direction
-
-
-
6,565
Samuel Gardner Memorial Trust
1,500
-
1,500
1,750
Lucille Graham Ttust
2,000
-
2,000
-
Noteweavers
-
-
-
1,000
The Foyle Foundation
-
-
-
25,000
The D'Oyly Carte Charitable Trust
4,000
-
4,000
-
Sisters of the Holy Cross Charitable Trust
10,000
-
10,000
-
4.2 Income from charitable activities
Performance related grants
Youth Music - Fund C
-
143,982
143,982
159,980
Arts Council England - Cultural Recovery Fund
-
-
-
82,500
Arts Council England - Hub Support Programme
-
-
-
85,150
Children in Need
-
-
-
21,313
Scops Arts Trust
-
23,000
23,000
23,000
Rachel Baker Memorial Trust
-
-
-
37,500
Consultancy and training income
143,943
-
143,943
179,162
Charitable rental income
-
-
-
1,600
Other
198
1,400
1,598
3,000
185,930
168,382
354,312
638,190
185,930
168,382
354,312
638,190

5 Income by activity

5 Income by activity
Donations
Grant income
Consultancy fees
Charitable rental income
Other income		 SCOPS Art
Trust
Fund C
Core
2023 Total
2022 Total
£
£
£
£
£
-
-
9,289
9,289
670
23,000
143,982
32,500
199,482
453,758
-
-
143,943
143,943
179,162
-
-
-
-
1,600
-
1,400
198
1,598
3,000
23,000
145,382
185,930
354,312
638,190

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Notes to the financial statements – Year ended 31 March 2023

6
Expenditure
6.1 Charitable activities
Staff costs
Depreciation and impairment
Delivery of training and commissioned projects
Other project costs
Support costs		 2023 Total
2022 Total
Basis of
support cost
allocation
189,544
224,083
1,987
2,192
53,618
148,096
52,528
93,143		 2023 Total
2022 Total
Basis of
support cost
allocation
189,544
224,083
1,987
2,192
53,618
148,096
52,528
93,143
Office costs
Premises costs
Governance costs
Accountancy		 63,307
56,247
Direct
9,066
14,265
Direct
2,612
2,621
Governance
1,500
1,500
Governance
6.2
Raising funds
Fundraising costs
Freelance fees
Total expenditure		 374,162
542,147
186
-
6,800
4,950
381,148
547,097
7. Staff Costs
Staff numbers
Staff costs for the year were as follows:
2023
2022
£
£
Salaries and wages
175,614
206,266
Social Security costs
10,847
13,985
Staff pension costs
3,083
3,831
189,544
224,083
The average number of staff employed during the year, was as follows:
2023
2022
Direct projects
6
8
Administration
2
2
8
10

There were no employees whose annual income exceeded £60,000.

19

SOUND CONNECTIONS

Notes to the financial statements – Year ended 31 March 2023

8. Tangible Fixed Assets

Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022		 Computer
Equipment
11,176
-
11,176
8,546
1,987
10,533
643
2,630
9.
Debtors		 2022
£
79,539
29,428
2,835
900
112,702
£
23,760
7,950
73,192
16,866
121,768
Trade debtors
Accrued income
Prepayments
Other debtors		 2023
£
57,147

29,398
2,886
901
90,332
10. Creditors: Amounts Falling Due within One Year
Trade Creditors
Accruals
Deferred income
Social security and other tax		 £
5,396
11,500
90,000
10,185
117,081

20

SOUND CONNECTIONS

Notes to the financial statements – Year ended 31 March 2023

11. Movement in Funds

----- Start of picture text -----
As at 1 As at 31
Restricted funds April 2022 Income Expenditure Transfers March 2023
Youth Music - Fund C 8,900 145,382 (152,332) - 1,950
Rachel Baker Memorial Trust 12,500 - (10,000) - 2,500
Scops 21,657 23,000 (20,557) - 24,100
-
43,057 168,382 (182,889) 28,550
Unrestricted funds
Core 212,885 185,930 (198,259) - 200,556
Designated funds
Redundancy 23,000 - - - 23,000
Total funds 278,942 354,312 (381,148) - 252,106
----- End of picture text -----

12. Material funds during the year

Youth Music

Youth Music funds the ‘Fund C’ programme with the aim of developing musical inclusion across London. This project supports children and young people, particularly those facing barriers to access, the music education workforce, and strategic work with music and cultural organisations across London. Through Fund C Sound Connections is also a founder member of the Alliance for a Musically Inclusive England.

Scops

The Scops Arts Trust provides funding for a 3-year training and professional development programme for music educators and facilitators in South East London. This project is delivered in partnership with the South Riverside Music Partnership.

21

SOUND CONNECTIONS

Notes to the financial statements – Year ended 31 March 2023

13. Share Capital

Under the Company’s Articles of Association, every member of the Company undertakes to contribute to the assets of the company in the event of the same being wound up while they are a member, or within one year after they cease to be a member, such amount as may be required not exceeding £1.

14. Taxation

The company is considered to pass the tests set out in Paragraph 1 schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

15. Pensions

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension costs and charge shown in Note 7 represents the contributions payable by the company to the fund. The amount owed to the pension fund as at the 31 March 2023 is £176 (2022 – £224).

16. VAT

The charity registered for VAT in December 2019 when the charity’s VAT taxable turnover reached the threshold. The amount owed to HMRC at 31 March 2023 is £6,541 (2022 – £13,429).

17. Reconciliation of net movement in funds to net cash flow from operating activities.

Net movements in funds
Add back: Depreciation
(Increase)/decrease in debtors
Increase/(decrease) in creditors		 Net movements in funds
Add back: Depreciation
(Increase)/decrease in debtors
Increase/(decrease) in creditors		 2023
2022
£
£
(26,836)
91,093
1,987
2,192
22,370
(48,553)
(4,688)
79,907
(7,167)
124,639

22