REGISTERED COMPANY NUMBER: 05023067 (England and Wal8s) REGISTERED CHARITY NUMBER: 1103002 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEmErs FOR THE YEAR ENDED 31 MARCH 2024 FOR SOUNDABOUT Ad Valorem Accountancy SeNices Limited Chartered Certified Accountsnts 2 Manor Fami Court Old Wolverton Road Old Wolverton Buckinghamshi MK12 5NN
SOUNDABOUT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Administratlve Details Report of the Trustees 2 to 14 Independent Examlnerfs Report 15 Statement of Financial Activities 16 Balance Sheet 17 to 18 Notes to the Financial Statements 19 to 25 Detailed Statement of Financial Actlvities 26
SOUNDABOUT REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES S J Claridge (resigned 1 0r2024) Y Dattani (resigned 31912024) M Hartley K Ungerer E Newsome (resigned 101712024) C Thomson B Weston-conway E Nunns (appointed 11512023) C W Yuen (appointed 116r2023) H Chandler {appointed 171712024) B Travis (appointed 1712024) J Baird (appointed 171712024) REGISTERED OFFICE John Eccles House Robert Robinson Avenue Oxford Oxfordshire OX4 4GP REGISTERED COMPANY NUMBER 05023067 (England and Wales) REGISTERED CHARITY NUMBER 1103002 INDEPENDENT EXAMINER Ad Valorem Accountancy seices Limited Chartered Certified Accountants 2 Manor Fann Court Old Wolverton Road Old Wolverton Buckinghamshire MK12 5NN BANKERS CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Charity Bank Limited Fosse House 182 High Street Tonbridge TN9 1BE Page 1
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companie5 Act 2006, present their report wrth the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Char(ties". Statement of Recommended Practice applicable to charities preparing their &counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Public benefft Charitable objects as per the Memorandum and Articles of Asscciation: To provide relief to people with severe learning difficulties and physical difficulties by the provision of interactive music making sessions. Vision: A world where everyone can access and experien music. Mission: Soundabout uses music, sound, and silence to create opportunrties where18arning Disabled people with complex support needs thrive. Values Kind.. We are kind, friendly, and supportive to everyone. Person-centred.. We lebrate each person,. creating sound and music together. Inclusive". we work hard to create we1cCling and accessible spatss. Aspirational". We use our energy to leam and aim for the best for everyone, while being curious, fun, and creative. We are working to our strategic business plan 'Soundabout Build, which runs until 2027 and focuses on consolidation and stabilisation of offer, team, and finances. and preparing for the future. We want to build on expertise, knowledge, and learning, while creating new opportunities, innovation, and trailblazing in best practice in the field. We want to ensure that our offer is excellent in all ways, that we can keep Soundabout running robustly and sustainably, that we set ourselves up to grow in the future, and that we lead the sector by sharing our leaming. This includes a range of activities listed below under the 'Our programmes, section. In shaping our objectives for the year and planning our activities, we can confirm that the Trustees have considered the Charity Commission's guidance on public benefft and are confident that the work of the charity falls in line with the guidance. Page 2
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES ACHIEVEMENTS AND PERFORMANCE Sounda1Ut Community Introduction We asked the Soundabout commun¢ty What does Soundabout mean to you?, The Soundabout Participant Advisory Group felt that the responses from our communty would make a fitting introduction to the 2023-24 Annual Report.. Magic; Happy., Lrfe Affiming., Flowing; SUCSs,. Smiles,. Joyous. Fun. Fabulous,. Joy; Universal; Smiles., Communiscate., Magical; Community., Hope; Inclusive; Amazing,. Happiness; Welcome. Brilliant; Uplifting., Love. Chair & CEO Introduction We'd like to thank the Soundabout*rs and our wonderful Participant Advisory Group for creating such a fitting opening to the 2023-24 Annual Report. We've been working hard to ensure creative, aCSsible, and musical ways for the Soundabout community to feed into decision making at every level of the organisation" living and breathing our'person centr8d' value. In September 2023 we launched 'Soundabout Build,, our three year strategy to help lay the foundations for long-term growth and sustainability of Soundabout, enabling us to continue doing what we do best developing exciting music making opportunities alongside incredibly creative Leaming Disabled people with complex support needs. The year has been full of incredible achievements, too many to mention in this foreword, so we would like to take the opportunity to highlight the dramatic progress of a programme that has shaped our thinking and culture as an organisation deeply this year. In September we welcomed our third cohort of Leaming Disabled young people to the year-long accredited Emerging Leaders course. We also rolled out a graduate wo placement programme that saw young people undertake 65 bespoke placements. The graduates have enhanced the Soundabout workforce immeasurably and we are incredibly proud to be leading the development of inclusive career pathways with Learning Disabled people in music. This report will spotlight a selection of highlights from the year related to our strategic aims and newly identrfied core outcomes for the Leaming Disabled people we support, communication, seffexpression, connectedness, health and wellbeing. and enjoyment. This report is a celebration of the wonderful time, energy, passion, and generosity so willingly offered to Soundabout by the staff team, practitioners. volunteers, trustees, supporters, funders, and families. Thank you to all of you. Thank You Soundabout's Chair of Trustees, Emily Newsome, has steadfastly led the organisation as Chair, so generously volunteering an incredible amount of time, energy, passion, and determination. Emily joined Soundaboufs board through a young trustee scheme in March 2019 and courageously stepped into the chair position at a time when the role was unexpectedly vacant. Emily has dedicated an incredible amount of time behind the scenes to support Soundabout, always leading with deep kindness, care, and thoughthlness, taking time to listen to others, while always working in the very best interests of the charity. Emily is due to step down as a Trustee in July 2024, and we would like to thank Emily for everything she has contributed to Soundabout. We wish Emily the very best in her future endeavours. Page 3
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH 2024 OWECTIVES AND ACTIVITIES About Soundabout and our communty We are Soundabout- the nation's specialist Leamlng Disability music charity Soundabout utilises the power of music, sound, and silence to make a difference to the lives of Learning DiSabd people of all ages, and with complex support needs. Helping every individual to develop their abilty to communicate and interact with the world around them in welcoming and a¢SSIble spaces both in-person and online. With enty eight years, experience, Soundabout supports around 1,500 participants per year by organising over 900 interactive music making sessions. Equally importantly, Soundabout provides training for families, carers, professionals, and partner organisations enabling them to integrate the benefits of Soundabout's immersive music making programmes into the daily lives of the Leaming Disabled people they support. Soundabout Communty At Soundabout, we use the tern 'Leaming Disabled people with complex support needs, to describe the people we work alongside because, having consulted with Soundabout families and Disabled people, we have found this temi to be most aligned with the social mcxjel of disabilty (the understanding that disability is something created by barriers in society). At the same time, we also respect that individuals may choose to identify differently, and that care and education sectors may use 'Profound and Multiple Leaming Disabilities. (PMLD). There are" 1.3 million Leaming DisabEed people in England - 20,000 Leaming Disabled adutts and 10,000 Learning Disabled children with complex support needs. - Only 5.10/0 of Leaming Disabled adulis are in paid work. Barriers often faced by individuals in the Soundabout communty include.. More than one disabilty, including a physical disability Requiring those who know them well to interpret communication - Complex physical and mental health needs Inaccessible career, leisure, and artlcultural opportunities Isolation and poor visibilty in society Our Vision.. A workl where everyone can access and experience music. Our Mission: Soundabout uses music, sound, and silence to create opportunities where leaming Disabled people with complex support needs thrive. Our Values: Kind.. We are kind, friendly, and supporttve to everyone. Person£entred: We celebrate each person., creating sound and music together. Inclusive: we woth hard to create welcoming and actsssible spaces. Aspirational: We use our energy to leam and aim for the best for everyone, while being curious, fun, and creative. To achieve our mission, we focus on 4 key outcomes for the Leaming Disabled people we support: Improving Connectedness; Developing Communication., Encouraging Enjoyment., Increasing Self-Expression. Page 4
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES We also focus on 4 key strategic aims to help Soundab)ut build from strength to strength: Hh quality delivery frDm a diverse practitioner team. Developing our impact measurement., Build sustainability by diversifying income,. Grow Soundabout's profile. To understand the difference we make, we measure our impact by collecting data from our projects and talking to the people who take part. We are proud to share insight5 into our seNices and the impact they have. We need music now more than ever- let us show you how music changes lives. Our Programmes Soundabout Choirs.. a national ne[k bringing Leaming Disabled people of all ages and their local communities togeth er to share their voices in ways accessible to them. Sounds Wirtual: onlin& music-making sessions accessible live and on demand, meaning nEmbers can join from home, hosp ices, hospitals, day centres, and school! Sounds Sensory: projects transfoming schools and communty spaces into themed immersive multi-sensory e nvironments that engage all the senses. Sounds Wild: innovative music-making sessions in inspiring outdoor spaS using a Forest School approach to a¢$$ th e many benefits of connecting with nature. Sounds Together: faCe-tO-fa community music making sessions with small groups of Learning Disabled people where they design the projecti Training: families, carers, professionals, and partner organisations to use Sound8bout techniques in the daily lives of the Leaming Disabled people they support. Emerging Leaders and Graduates: accredited course and placements supporting Leaming Disabled people to enhance leadership skills an d confKlence will preparing to become music praclitioners. Timeline & Our Year in Numbers Key Dates between April 2023-March 2024 - April - First Joint Workshop with National Children's Choir of Great Britain - May - Sounds Together community programmes launched - June- Perfomances and fundraising at Chalkhouse Green Farm Open Gardens July- Parallel Windsor Challenge Event - August- Emerging Leaders Graduation - September- Choir performances at Great Barn Festival - October- Soundabout feature in London Science Museum Exhibition Launch - November- First Soundabout Family Support Roadshow Event - December- Sparkle with Soundabout Campaign and Events - January - Moveabout Campaign started - February - Finalists in 2 categories at the Music and Drama Education Awards March - Sounds Sensory 'Trip to the Bazaarf tour of West Midlands Overvlew In Numbers for April 2023-mah 2024 - 962 Sessions - 3,341 Total Attendees 1,576 Learning Disabled Participants - 753 Parents I Carers - 890 Professionals - 40,775 YouTube Views Page 5
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES - 65 Graduate Emerging Leader Work PlaMentS - 1000/0 Arts Award Qualification Success Rate Outcomes Review This section reviews Soundabouys progress towards the 5 main outcomes we aim to achieve with Leaming Disabled people. We have provided data from a range of sources as eviden of progress towards each outcome. Outcome 1: Improving Connectedness Soundabout music making opportunities are group opportunities thai enable Leaming Disabled people with complex support needs to build positive relationships with their peers, parents and carers, and wider communities. Soundabout activities build strong neorkS and friendships that forge a sense of belonging. We use our national platform to showcase our Gommunity's talents and to shine a light on their experien. Evidence towards improving connectedness: "It allowed her to be with her peers and a chance to make friends. Opportunities like this she does not get as there is not many places and people she can be around as she is profoundly Disabled, we have found it very, very hard for her to access people and places... This is the one place where she is just able to be her, despite what's going on with her health and her needs...she is part of a community, everybody knows her, she understands who's there... Everyone just understands her...that's the most important thing., (Paren( Sounds Together) 'We really have just had the best day! A's been unwell for weeks. She's missed the last 2 112 weeks at school and has missed all her Christmas parties and events and we've just felt really isolated and OVehelmed the last few days. Last night she had a huge seizure and was left looking so broken. I thought tojay would be a wrste off. Today we tentativety woke her and took things very slowly in the hope she might manage something but was wonied the seizures would retum and wipe her out again. As sn as she heard Phil's volts, it was like a little re-set button was hit. She had been so sad before, but it instantty lffted her, and we've rolled with it all day! It's just felt like the best Christmas paty. that's made up for everything she's missed, and we've not had the hassle of worrying about travel or changing places. YOue been everything A needed and more! Thanks to everyone for continuing to make us feel seen, for continuing to champion the most vulnerable and for never leaving anyone behind. We've cried happy tears tonight after having the best day with A's online friends and a team that feel like family." (Parent, Sounds Virtual) "All too often we are unable to participate in events and activities, bLrt we feel part of something with Soundabout and it helps us feel less isolated." (Paren( Soundabout Choirs and Song Explorers) "My ft about emerging leaders is meeting friends." (Young Participant. Emerging Leaders) As part of our efft)rts to improve connectedness within the communty and extemally. we have supported learning Disabled musicians in Soundabout choirs to release 6 public music videos which have been view 4,500 times, and to perfotTn to audiences across the country. 100 /0 of Song Explorer participants showed some form of progress against the Interacttve area of the Sounds of Intent Framework from September 2023 - June 2024 by.. 1. Interacting with others using sound. 2. Interacting through imitating others, sounds or through recognising self being imitated. 3. Engaging in dialogues using distinct groups of musical sounds. Page 6
SOUNDABOUT REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 O&JECTIVES AND ACTIVITIES Outcome 2: Developing Communication Soundabout uses music, sound, and Silen as tools to explore and enhance communication with and between learning Disabled people and the communities around them. Communication might be through vocalising or non-verbal e.g. facial expressions or gestures. Our sessK)ns allow plenty of Space and time to explore Gommunication and interactions, along with allowing space for silence and processing time. We work closely with leaming Disabled people and their close supporters to learn their communication styles and follow their lead. We also support parents, carers. and professionals to learn how to interact and communicate musically so they Gan continue this outside of sessions. Evidence towards developing communication: "It's guided me on how we can do things together, interact tcgether. It's just made us closer. It makes me noti things about Lydia, her expressions, and the noises she makes. Her clucking is a happy noise. It helps me focus. l think I've got to know her more. She's 14 now and I know her better now since doing Soundabout with her than I've ever known her." (Parent, Song Explorers) "I think really early on when we were told she was blind, I found it hard to come to terms with what is she going to enjoy and how can we play with her... I searched during lockdown and stumbled across Soundabout and we joined the choir... Music soothes her and then we saw how much she would enjoy simple sounds. As she has got older, it's really helped her speech and so her communication has really come on from using lots of songs and sounds. We now play lots wlth our voices at home... in choir, she pick5 up songs really quickly, which has really helped with vocabulary." (Parent, Choir) "As the project developed, we fett O's became more confident in his communication and began to valise more around choice making and interaction, and he also made more and more eye contact wrth both practitioners., (Carer, Sounds Together) 50 % of participants across Afterschool Club and Song Explorers made progress against the Sounds of Intent: Me FMeWOrk, particularly 'Me, You & Other People, communicative elements of the framework beeen June 2023 & June 2024. Sounds Together Henley Example Soundabout Practitioners are also asked to share any observations around participant's communication during Sounds Together sessions. 'Communication' covers a wide range of aspects including vocalisations, eye contact, body language, facial expressions etc. Practitioners mark against each participant from the start to the end of the project when they eviden any fomi of communication. 710h of participants showed progress across the dffferent areas of communication from the start of Sounds Together Henley to the end. PanVCarer Communication Parents, carers, and other professionals are present at all Soundabout sessions and so we introduce them to tools and techniques to enhance their musical communication skills on a regular basis. This year we supported 753 Parents I Carers and 890 Professionals to develop musical communication skills that they can use during and outside of Soundabout sessions. Parentlcarer Tower Hamlets Roadshow Example This year the Family Support Co-ordinator intrOdUd a roadshow where they visit different locations and groups of people to offer support, guidance, and to signpost to Soundabout resources and opportunities. The Family Support cOrdInatOr visited a group of 20 par8nUcarers of Disabled childr8n from across Tower Hamlets at Phoenix School and provided training on the use of Soundabout resources. Page 7
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Following the training.. - 86 /0 felt confident in using Soundabout resources for musical interaction after the workshop 100 /0 found the workshop useful in leaming new ways to interact musically Outcome 3: Encouraging Enjoyment Being playful wtth mLJSiC and sound is a big part of the Soundabout ethos, resulting in increased feelings of enjoyment. The atmosphere of our sessions is relaxed and fun with playful interactions being at the heart of our delivery. We aim to encourage everyone to enjoy music making at our sessions showing delight through laughing, smiling, indicating for 'Mo, and retuming to Soundabout sessions. Eviden towards encouraging enjoyment: "I should just congratulate everyone invofved. in the most brilliant, lrfe-affimiing concert we have ever, ever been tol We had such an amazing time last eveningl It was so wonderful to meet musicians from totally different worlds to our ownl My goodness it was so joyousl M got so much out of it. He's on a real high. Three of his support assistants from his day centre came to watch and they were blown away by all of it. They absolutely loved to see M shine... Thank you for all the thought and care you took into organising and arranging it. We all felt so comfortable and happy, and it was lovely to meet other parents and carers fa to fa . .Thanks again." (Parent, Oxford and Beyond Choir) "He had such a good day yesterday and his party was great fun. We all really enjoyed it, and it was so very special to be able to celebrate A's birthday with frtends and family in a way that was suitable for A. A hasn't had a birthday party since he was 2 years old. I truly don't know what we would have done and how we would have marked the occasion if we hadn't been a part of Soundabout. It has been lovely to see A make friends during the after school sessions and to be able to invite them to his 18th birthday party was so special. It also meant all of A's family, on both sides, were able to share the same special memories with A on his birthday, something Y wouldnl have been able to achieve otherwise. Having the invite, recording and birthday song as well means that we have lasting memories of this special day. So, the biggest of thank you's for making this happen., (Parent, Sounds Virtual & Birthday Party booking) "It was really gcM)d. I want to do it again...I'll give you ten out of ten" (Young Partlclpant, Emerging Leaders) 'Vknrk experience is a lot of fun and enjoyable. Wrthin the work experience I have kept my leading skills and trying new things like the backing track for the new songs. I have leamt new things Wlthin the work experience and really enjoyed myself. {Young Particlpant, Graduate Emerging Leader5) All Sounds Wild school survey respondents from summer 2023 said 1000A of their pupils enjoyed the sessions, all rating enjoyment levels as 10110 (10 being highest). Sounds Sensory families from the spring 2024 programme who completed the post event suNey weFE asked on a scale of 1-10 110 is highest) how much the person they were supporting enjoyed the sessions. 200 resFonded 8110. 400kn responded 9110, 40 % responded 10110. Sounds Wild families from the summer 2023 programme who completed the post event survey were asked on a scale of 1-10 (10 was the highest) how much the person they were supporting enjoyed the sessions. 83.30h responded 10110, the remaining 16.70/0 responded 8110. 1CrtJO/o of Sounds Wild families from the summer 2023 programme and 100 % of Sounds Sensory families from the spring 2024 programme who completed the post event suNeys said that they would return. Outcome 4: Increasing Self-Expresslon Everyone has a right to agency and self-expre55ion. Soundabout techniques provide opportunities to explore that sense of self and provides a CatiVe outlet with Learning Disabled people. Page 8
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES By self-expression we mean being able to participate in creative sound-based activities, to enhance sense of self and others (explored via interactive activtties), being able to make choices. and express likes and dislikes. Our person ntred approach means that sessions are co-designed with attendees, following their lead and their choices throughout. Eviden towards increasing selF-expression'. "It's a scary realty for M's future and so it is incredibly comforting to find people who work so hard to find things that are inclusive and that are accessible to all with no limitations, like Soundabout. You SEE M as person, as an individual and show her respect and dignity with every interaction. That means so much. Every sound, breath, and movement she makes means something who so many ignore, but even through a screen, you guys embr those and instantly puts value on her existen and participation as a person, an individual and as a human being. I will always be so very grateful to you all for that. {ParenL Sounds Virtual and Song Explorers "He has shown self-expression by making Ah Ah sounds singing and laughing to show enjoyment. With support he has used his body moving hips whilst in his chair. The use of the sound beam has given M the opportunity to use and control music independently without having someone hold his hand to help him move the instruments. This has helped him to make a clear Choi of using an instrument by moving his head from side to side." (Family Member and Carer, Sounds Together 'Yesterday was fantastic, P really enjoyed the get together. Thank you for letting P sing IPhantom of the Opera] at the end, he is gradually building his confidence, and Emerging Leaders is really helping wth this." (Carer. Emerging Leaders "I'm crying with pride" (Young Participant, Emerging Leaders) "N - Chose to play the chimes. This was not a reflex but intended as he moved his ann 5 times to make the sound. N... has not demonstrated this beforel Amazing Nl" (Practitioner, Sounds Together) 710/0 or participants made progress across the different areas of communication and self*xpression from the stsrt of Sounds Together Henley to the end. Showing marked progress in the following areas.. 1. Initiating Interactions 2. Making intentional choiceslpreferences 3. Making eye contact or eye pointing 4. Vocalising By the end of Sounds Together, TouchBase Pears, 100 % of participants were either achieving or excelling in the 'Me.' My Thoughts & FlingS, area of the Sounds of Intent.. Me Framework across Levels 2 & 3. Outcome 5: Promoting Health and Wellbeing Music. Sound and Silence can support a sense of well-being by engaging in positive, enjoyable activities. We refer to health and wellbeing of our community as any observedlrecorded positive impact on physical and mental health. Th'is could refer to direct impacts e.g. on mentsl health, or InIrect e.g. by emotionally supporting participants while having medical InteentiOnS. Our sessions bring groups toJether fr)r meaningful activities, reducing isolation and bringing wellbeing through a sense of purpose. Our Sounds Wild provision provKJes opportunities to connect with nature and reap the benefits of being outdoors. Page g
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Evidence towards promoting health and wellbeing: "George was very poorly this summer and in intensrve care for a long time. Soundabout arranged for Ed [Soundabout practitionerl to come and visit George. It happened on his last day of ten weeks in hospital. George was very, very thin and very weak. BLrt as soon as he saw Ed he got really and he was engaged with every second of probably 2 hours that he got to have with Ed. It was like watching Hary Styles with your child because Ed is that f8mous in our house. George just absolutely loved it, had a really special time. We've had really special music sessions with Soundabout Sin he came home. He was really weak. He's not been at schwl. They kindly invited us to a session in Henley which we could access once a week. George gained so much from thosé sessions. George got to see other children and young people..... They [Soundabout practitioners] worked really hard to help him hold things and touch things because he's quite tactile aversive. He's been practising strumming the guitar with the practitioners. It's really helped him to start holding things. And today he actually helped Frankie [carer] to peel an orange for the first time. He's never done anything like that. I think thays down to what they have been working on every week. It's an added extra to the musical fun.... Soundal)out brings a sparkle to George's life every day because li changes his whole mood. IVS like a switch or a magic wand... (Parenc Sounds Virtual, Sounds Together, Choir) "O has started using his left hand in these sessions, which he never does but he's been reaching out for things and holding instruments with his left hand, it's amazing and he's been so animated... when can we come back?" Icarer. Sounds Together) "Having music as part of hi8 timetable in the week has made my son calmer. { Parent. Sounds Together 30 Sounds Wild events delivered in inspiring natural spaces enabled 309 attendees to enjoy and reap the health and wellbeing benefits of being OLrtdoors. Review of Stratagic Aims This section reviews progress towards Soundabout's 4 Strategic Aims for 'Soundabout Build, our strategy and business plan for 2023-27. Each strategic aim has related objectives to help achieve the aim and we've shared highlights below to demonstrate progress towards these aims. Strategic Aim 1: To become the 'go to, charity within our speclalism in England and Wales, by creating consistently highquallty musical opportunities with our participants facilltated by a diverse team of expert music practitioners. Progress review.. Through the Soundabout Choirs and Sounds Together programmes we have broadened our geographical reach this year to include new areas such as the North West and North East. We also used several new community Venues to deliver in-person opportunities in new parts of regions already familiar to Soundabout. Our 'Soundabout Grow, Youth Music funded workforce development programme has enabled the development 'Sound Practice, a Quality Assurance Framework for our delivery. We overachieved in our targets to Carry out observations and peer visits to help improve Practi with 12 observation visits undertaken by senior practitioners and 29 peer visits completed. We also rolled out of practitioner self-assessments to support their ongoing personal devebpment. We worked with 19 Emerging Leaders, 3 above target, across cohort 2 (autumn 2022 to summer 2023) and cohort 3 (course ending summer 2024). The groups met weekly and 717 from cohort 2 achieved a Bronze Arts Award Accreditation through Trinty College London. We exceeded targets for Graduate Emerging Leader work placements with 65 placements undertaken during the year, 11 above target. Placements were bespoke and included song writing, cardlgraphic design, concert compering, choir leading, group facilitation, disco DJ, signing video prcKluction, social media content, presenting at information events, backing track production. Page 10
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES To increase the level of support and training offered to those interested in leaming Soundabout techniques both internally and externally we delivered 132 training opportunities to 873 people (excluding Emerging and Graduate Leader programmes). Opportunities induded public training programmes, training projects wilh schools and other organisations, mentoring programmes, and reflective sharing sessions. We continued to share our expertise across our sector and more widely, notable examples include presenting at Music Mark's National Conference in autumn 2023 sharing learning around our Emerging Leaders programme, and publishing an article about quality in inclusive practice for the Sounding Board Joumal by Sound Sense- the UK Association for Community Musicians. Strategic Aim 2: To further understand and demonstrate the value of our work by developlng the way we measure impacL Progress review.. Throughout the year we developed and began implementing a new robust evaluation and monitoring framework that spans the entire organisation to help build a culture of reflective practi and continual le8ming. This framework focusses on the 5 core psrticipant outcomes reviewed in the previous section of this report, along with outcomes for parentslcarers and training attendees. We worked hard to enhance the Family Support participation agenda ensuring more voices from the Soundabout communty feed into decision making and organisational development. Our Soundabout Participant Advisory has increased representation of Leaming Disabled participants with a core membership of 3 pacIpants and 6 parentslcarers. Widgit symbol versions of our annual community survey were provided this year alongside 3 focus groups designed around the needs of the attendees. These are examples of our push for greater accessibility aGross all our decision making prO3$e$. With support from pro bono volunteers, we reviewed the use of our monitoring prOsseS to gather accurate data on Soundabout's current reach and across participants, long-tenn journeys with Soundabout., this work is ongoing. The new evaluation frameworf( has enabled us to start publishing qualitative statistical data to help demonstrate our impact more effectively. The 'SoundaboLrt Grow, workforce development programme has énabled us to continue to innovat8 by resourcing staff time to explore and develop besunew practice. The Soundabout Practitioner team benefitted from 3 external expert training events across the year, along with sharing events to collectively explore best practices. Every member of the core staff team has undertaken training across the year covering a variety of areas related to their interests and progression. Strateglc Alm 3. Build Soundaboufs resilience and sustainability by diversifying income streams, enabling the organisation to evolve within the landscape we operate in. Progress review: W8 have been wort<ing hard to increase the number of multi-year grant applications we undertake in the hope that success will allow us to plan 2-3 years ahead with more confirmed income, bringing greater financial stability and accurate forecasting. This year fccussed on strategy development that infonned multi-year application writing. We experienced major success with an £195,000 grant award from Youth Music for a 3 year programme 'Soundabout Grow, to support workforce development. Other SL5ccesses included an Awards For All Grant from the National Lottery to support Sounds Wild delivery during the summers of 2024 and 2025. Page11
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES We are incredibly grateful to all our supporters and have listed below, with thanks, the Trusts and Foundations who gave over £5,000.. EBM Charitable Trust Edward Gostling Foundation Elsie Davis Trust Lightbulb Twst Mariamarina Foundation Masonic Charitable Foundation National Lottery Awards For All The Charles Plater Trust YoLrth Music We were also able to utilise pro bono and donated consultancy support to develop our fundraising further, specialist areas of support included Corporate Fundraising, Marketing and CommL5nications, and Impact. We have worked hard to increase the number of individuals and groups who fundraise for Soundabout. We led a success1 winter fvndraising campaign, 'Sparkle with Soundabout,, that targeted choirs and music groups by inviting them to participate in a collaborative music video and fundraise at their i)wn winter events. We reached the £10,000 target and 8 new community music groups fundraised for SoundaboLrt, with 4 choosing to continue fundraising for Soundabout in 2024 following the campaign. We also held infonnation events in London and Bimingham that were successful in recruiting new donors., both resutted in £1,000 donations from trusts new to Soundabout and invitations to apply to other trustslfoundations new to Soundabout. Our efforts to increase earned income by building practitioner capacty to deliver commissions is well underway. The training mentioned above has supported this, for example 5 Soundabout practitioners undertook a two day training course by colleagues on how to deliver Sounds Wild projects, which has now doubled the team's capacty to deliver Sounds Wld bookings. Strategic Aim 4.. Grow Soundabout's professional, personal, and cultural profile. Progress review.. We aimed to build profile and reach via relationships with local and national media organisations. This year we focussed on building relationships with local media in Soundabout hotspots. We exceeded our target of 4 (one per quarter) press features, achieving 18 features, 9 radio interviews and 9 news stories. Strong connections have been made with local BBC radio stations in SoundaboLrt Choir areas, such as BBC Radio WM (West Midlands). BBC Radio Gloucestershire, and BBC Radio Wiltshire. The winter Sparkle campaign focussed on family stories and was popular with press organisations in the local areas of the families. This is an approach we will continue to undertake. We also aimed to partner wtth artists, groups. and organisations nationwide to highlight our communities, leam from others, and reach their audiences. We worked with 54 partners across the year including 23 from our choir ne0{. Through our new Sounds Together programmes we worked in parinership with 8 organisations new to Soundabout, including Sense, Bamardo's, Jolly Josh, Tcgether for Short Lives, and B:Music (the charity that manages Symphony Hall and Town Hall Bimiingham). Page 12
SOUNDABOUT REPORT OF THE TRUSTEES FOR THEYEAR ENDED31 MARCH 2024 OBJECTIVES AND ACTIVITIES Over the course of the year, we have trialled different models for a Champion programme where we can recruii supporters from a diverse range of backgrounds to champion Soundabout within their networks and create national engagement. We were keen to ensure that the Champions prcgramme is person-tsntred and based around the individual Ch8mpion and what they would like to offer. We explored how Soundabout parentslcarers and participants could be champions; firstly, during the Sparkle campaign interviewed 3 parent and participant duos and shared their stories publicly,. secondly, 2 participants {one with a parent) shared their experien$ wilh guests at information events in London and Birmingham. These tri8ls were highly effective and received positive feedback, making it clear that our Champion programme must include parenucarerlparticipant Champions. We also continued to explore the roles that high profile Champions could play, maintaining our relationship with Patron Debbie Wiseman OBE, and creating micro opportunities to attrad busy htgh profile people e.g. Alan rrtchmarsh and The Lost Voice Guy took part in an original music video. We developed a draft marketing and communications strategy with the support of a pro bono consultant from the Cranfiekj Trust helping us ensure that Soundabout has a clear brand, communicates effectively with muttiple audiences, while remaining on top of latest trends. In our annual communty survey, we asked aboLrt our communications style and 100tl/o of respondents said that they liked our communication style across emails and social media. Engagement with Soundabout social media channels has increased for example views on the Soundabout YouTube channel increased by 6.7°/(p to 40,775, and Fal0k followers has increased by 4 % to 5,300. We also found an increase in short fomi content. such as Facebook and Instagram stories, to be effective in increasing engagement. Finally, to grow our profile we committed to finding and creating platfomis for our participants to perform or share their music, achievements, and stories in meaningful ways. Events and perfOnnans included the Three Choirs Festival at Gloucester Cathedral, the Great Barn Festival, Chalkhouse Green Farm Open Gardens, Soundabout concerts in Wiltshire and Oxford, plus a joint workshop with the National Children's Choir of Great Briiain at their spring residential course. The Soundabout Choirs recorded and released 6 music videos, including composing a brand new original song called 'Sparkle with Soundabout,. Collectively the 6 music videos have been viewed 4,500 times on YouTube. The choirs also featured in 'Tum it Up.. The Power of Music Exhibition, that started in Manchester Science Museum and moved to London in October 2023. The SoundaboLrt Emerging Leaders also produced and publicly released 13 videos which have collectively been view 1,500 times., 7 public wam up videos, 2 radio shows, introduction videos for choir and the emerging leaders programme, and a music video covering 'A Million Dreams.. FINANCIAL REVIEW Financial position Soundabout continued to raise sufficient funds to deliver our core projects and services despite a backdrop of high competrtion for ndIng and the cost of living crises. The charty's income dropped from the previous financial year by £80k due mainty to a large grant received in March 2023 that was expended in the current year. Income highlights include new project funding of £40k from Lightbulb Trust a three-year grant from Youth Music totalling £195k. The charty has also spent time in the year developing relationships with new trusts and fundraisers, holding showcasing events and meetings. Expenditure increased by £14k and included pay increases for staff resulting from a salary review and benchmaIng prc¢ess. The charity has also aligned its pay to freelance practitioners to Musician's Union rates. The financial impetus to make these changes was spurred on by the need to retsin staff and the practitioner skills and expertise that we have engaged and developed. Looking to the future the charity aims to develop and expand its income streams concentrating on individual donations, corporate ndraising and communty fundraising and will use funding from the Mariamarina Foundation to pay for additional support in these areas. Reserves policy Under the charity's reseNe policy, the Trustees have resolved that the upper limit for unrestricted funds should be set at approximately 3 months staff salaries and core costs (£70,372). Current unrestricted reserves are £55,768. The charity aims to increase its unrestricted reserves to their upper limit over the next 3 years. Page13
SOUNDABOUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a dd of trust, and constitLrtes a limited company. limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees Trustees are recruited openly, with the role advertised publicly inviting applications from a diverse range of applicants. Applicants are shortlisted and interviewed by a panel of Trustees and Soundabout's CEO. The panel then take their recommendation to the full board of Trustees al a general meeting or annual general meeting who vote to appoint the new Trustees. The Articles of Association provide that one-third of the board shall retire from office at each annual general meeting. The Articles allow retiring directors to be eligible for re-election. At the meeting at which a director retires the Articles allow the board to appoint a new director in pla of the retiring director. A chair is elected by the Trustees who will then detemiine how long the chair will hold office. The trustees in the fomi of the Board of Management are responsible for the overall strategic development and control of the charity's activities. Sub<ommittees may also exist to deal with various issues. Day to day operational management of the charity is delegated by the trustees to Soundabout stsff. During this financial year the Chief Executive Officer remained as Holly Radford-James and the Finance Manager remained as Fiona Kellett. Risk management The Trustees have conducted a review of the risks to the charity and main a risk register with mitigation in pla to reduce those risks. The risk register is reviewed and updated regularly. 09.10.2024 Approvèj byorderofthe board of trustees on............................................. and signed on its behalf by.. M Hartley - Trustee Page 14
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUNDABOUT Independent examinerfs report to the trustees of Soundabout ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilitles 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 Cthe 2006 AGt'). Having satisfEd 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 chanty's 8ccounts 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 Charty Commission under Section 146(5) (b) of the 2011 Act. Independent examinerfs ststement Since your charity's gross income exce@ded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have c¢)mpleted my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter Considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablé in the UK and Republic of Ireland (FRS 102)}. I have no concerns and have come across no other matters in cOnntIon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the CoUnts to be reached. D R Kerins FCCA Ad Valorem Accountancy Services Limited Chartered Certified Accountants 2 Manor Farm Court Old Wolverton Road Old Wolverton Buckinghamshire MK12 5NN Date.. Page 15
SOUNDABOUT STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Unr¢stri¢t¢d funds Restrlct8d fund Total lunds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 27,008 27,008 38,677 Charitable activities Restricted Funds Unrestricted funds 245,357 245,357 43,605 294,145 49,700 43,605 Other trading activities Investment income 32,001 4,402 32,001 4,402 46,707 992 Total 107,016 245,357 352,373 430,221 EXPENDITURE ON Raising funds 7,200 7,200 7,769 Charftable actlvlties Restricted Funds Unrestricted funds 291,705 291,705 96,463 253,855 119,868 96,463 Total 103,663 291,705 395,368 381,292 NET INCOMEI(EXPENDITURE) 3,353 (46,348) (42,995) 48,929 RECONCILIATION OF FUNDS Total funds brought forward 52,415 132,697 185,112 136,183 TOTAL FUNDS CARRIED FORWARD 55,768 86,349 142,117 185,112 The notes form part of these financial statements Page 16
SOUNDABOUT BALANCE SHEET 31 MARCH 2024 2024 2023 Totsl funds Unrestrl¢t•d funds Restrictsd fund Total fvnds Notes FIXED ASSETS Tangible assets 10 4.850 4,850 3,970 CURRENT ASSETS stocks Debtors Cash at bank 11 12 1.293 6,596 51,580 1,293 6,596 143,332 591 20,475 167,640 91,752 59,469 91,752 151,221 188.706 CREDITORS Amounts falling due within one year 13 (8,551) (5,403) (13,954) (7,564) NETCURRENT ASSETS 50.918 86,349 137,267 181,142 TOTAL ASSETS LESS CURREb LIABILITIES 55,768 86,349 142,117 185,112 NET ASSETS 55,768 86,349 142,117 185,112 FUNDS Unrestricted funds Restricted funds 14 55,768 86,349 52,415 132,697 TOTAL FUNDS 142,117 185,112 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 20C for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise compty with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 17 continued...
SOUNDABOUT BALANCE SHEET - continued 31 MARCH 2024 These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 09.10.2024 . and were signed on its behalf by.. fH. l Hartley - Trustee The notes form part of these financial statements Page 18
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Soundabout is a private limited company, limited by guarantee, registered in England & Wales. The company's registered number and registered office can be found on the company infonnation page. The presentation of the financial statements is in pound sterling (£). ACCOUNTING POLICIES ACCOUNTING CONVENTION The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their Sccounts in accordance with th6 Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting St8ndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. INCOMING RESOURCES I TURNOVER Income has been recognised on the following basis.. - Donations and grants are generally reccgnised when received. Invoiced income is accrued monthly. nterest income is recognised on receipt. EXPENDITURE Expenditure is recognised on an accruals basis. Allocation of expenditure Salary and related staff costs are diredy allocated to a charitable activity or other resources expended heading on the basis of time spent. The charity distinguishes between overhead costs in support of its Charitable wort(, for example course administration, marketing and training equipment, and general administration costs. Both categories of overheads are allocated to fundraising, charitable activity and govemance costs based on the amount of direct expenditur8 incurred. AMORTISATION OF INTANGIBLE FIXED ASSETS Amortisation is calculated to write off the cost of intangible fixed assets on a straight line basis over their estimated useful lives at the following rate Website and sofvare '. Straight line 3 years TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lrfe. Plant and machinery Fixtures and fittings 330/0 on cost STOCKS Stccks are valued at the lower of cost and net realisable v8lue, after making due allowan for obsolete and slow moving items. TAXATION The charity is exempt from corporation tax on its charitable activities. FUND ACCOUNTING Funds held by the charity are.. Page 19 continued...
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued FUND ACCOUNTING Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Income is recognised a5 unrestricted income when the charity becomes entitled to the income as a resu of activities already performed and any prOnditIonS have been met. Where this is not the case the income is deferred and not included in incoming resources until the activities h ave been perfonned. Designated funds - these comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the Trustees Report., any movements are in the notes to the financial statements. Restricted funds these are funds that can only be used for particular restricted purposes within the objecls of the charity. Restrictions arise when specified by the donor or when funds are raised for Particular restricted purposes. The Trustees monitor and discuss the restricted funds at mtingS to ensure the restricte d expenditure is allocated accordingty. OTHER TRADING ACTIVITIES 2024 2023 Other tradingffundraising activities 32,001 46,707 INVESTMENT INCOME 2024 2023 Investments 4,402 992 NET INCOMEI(EXPENDITURE) Net incomel(expendrture is stated after chargingl(crediting)'. 2024 2023 Depreciation - owned assets Website costs amortisation 2,679 4,743 1,015 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES. EXPENSES There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 20 continued...
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS No member of staff earned mre than £60,000 a year. The average number of employees during the year was 14 {2022 - 12). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fun(ts Restrlctad lund Total funds INCOMEAND ENDOWMENTS FROM Donations and legacies 38,677 38,677 Charftable activities Restrided Funds Unrestricted funds 294,145 294,145 49,700 49,700 Other trading 8Ctivities Investment income 46,707 992 46,707 992 Total 136,076 294,145 430,221 EXPENDITURE ON Raising funds 7,769 7,769 Charitable activities Restricted Funds Unrestricted fund5 253,655 253,655 119,868 119,868 Total 127,637 253,655 381,292 NET INCOME 8,439 40,490 48,929 RECONCILIATION OF FUNDS Total funds brought forward 43,976 92.207 136,183 TOTAL FUNDS CARRIED FORWARD 52,415 132,697 185,112 Page 21 continued...
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 INTANGIBLE FIXED ASSETS Website Costs COST At 1 April 2023 and 31 March 2024 27,007 AMORTISATION At 1 April 2023 and 31 March 2024 27,007 NET BOOKVALUE At 31 March 2024 At 31 March 2023 10. TANGIBLE FIXED ASSETS Flxtures and ffttlngs Plant and ma¢hln•ry Tots COST At 1 April 2023 Additions 34,058 564 14,879 2,995 48,937 3,559 At 31 March 2024 34,622 17,874 52.496 DEPRECIATION At 1 April 2023 Charge for year 30,721 2,001 14,246 678 44,967 2,679 At 31 March 2024 32,722 14,924 47,646 NET BOOKVALUE At 31 Msrch 2024 1.900 2,950 4,850 At 31 March 2023 3,337 633 3,970 11. STOCKS 2024 2023 Stock 1,293 591 Page 22 continued...
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income 4.096 2,5CIJ 17,672 2,803 6,5 20,475 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Accrued expenses 4,849 9,105 4,048 3,516 13.954 7,564 14. MOVEMENT IN FUNDS Ngt movement in funds At 3113124 At 1M123 Unrestrfcted funds Unrestricted funds 52,415 3,353 55,768 Restricted funds Restricted funds 132,697 (46,348) 86,349 TOTAL FUNDS 185,112 (42,995) 142,117 Net movement in funds, included in the above are as follows.. Incomlng r¢$ources Resources expended Movemènt In funds Unrestricted funds Unrestricted funds 107,016 (103,663) 3,353 Restricted funds Restricted funds 245,357 (291,705) (46.348) TOTAL FUNDS 352,373 {395,368) (42,995) Page 23 continued...
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds movement in funds At 3113123 At 114122 Unrestricted funds Unrestricted funds 43,976 8,439 52,415 Restricted funds Restricted funds 92,207 40,490 132,697 TOTAL FUNDS 136,183 48.929 185,112 Comparative net movement in nds, included in the above are as follows: Incomlng resourcps Resour$ •xpended Movèmgnt In funds Unrestricted funds Unrestricted funds 136,076 (127,637) 8,439 Restricted funds Restricted funds 294,145 (253,655) 40,490 TOTAL FUNDS 430,221 (381,292) 48,929 15. RELATED PARTf DISCLOSURES There have been no related party transactions in the year. Page 24 continued...
SOUNDABOUT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. SUMMARY OF FUND MOVEMENTS Funds Inccffiing 31.03.23 Resources Outgoing Resources Funds at 31.03.24 Transfers Restricted Income Funds Training Delivery Youth Music Community Programme Soundabout Choirs Emergency Fund Emerging Leaders Equipment Company Development Sounds Wild Sounds Sensory Family Support Sounds Together l Lightbulb Communty Commissioned Work Associate Choirs Schools Music Making 1,000 2,457 58,500 29,462 52,575 500 5,915 3,457 44,311 24,699 59,486 377 2,353 3,772 3,335 14,924 9,327 49,197 30,669 14,189 5,520 18,841 123 3,562 757 25,752 3,772 3,335 15,202 9,492 9,598 40,000 20,192 20,470 165 10,401 9,331 50,000 381 23,408 12,836 10,052 13,242 29,744 2,812 (25) 3,716 Total restricted funds Unrestricted income funds Unrestricted income funds 132,697 245,357 291.705 86,349 52,415 107,016 103,663 55,768 Total charity funds 185,112 352,373 395,368 142,117 Page 25
SOUNDABOUT DEfAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 27,008 38,677 Other trading activities Fundraising events Other trading activlties 23,865 8,136 32,627 14,080 32,001 48,707 Investment income Investments 4,402 992 Charitsble activities Charitable activities 288,962 343,845 Total incoming resources 352,373 430,221 EXPENDITURE Raising donations and legacies Raising funds 7,200 7,769 Charitsble activiti•s Wages Social security Pensions Hire of plant and machinery Rates and water Insurance Telephone Postage and stationery Advertising Sundries Amortisation of intangible fixed assets Depreciation of tangible fixed assets 315,396 10,891 4,483 3,150 10,492 2,507 994 789 294,913 11,298 5,037 1,981 8,082 2,673 528 1,427 930 40,896 1,015 4,743 36,788 2,678 388,168 373,523 Total resources expended 395,368 381,292 Net (expenditureyincome (42,995) 48,929 This page does not fomi part of the statutory financial statements Page 26