ONESOUND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
CIO CHARITY NUMBER: 1121823
OneSound
CHARITY INFORMATION
TRUSTEES
| TRUSTEES | |
|---|---|
| I Dyer | |
| P Amos | |
| R Lawson | |
| W Collins | |
| E Cade | Resigned 6th July 2024 |
| A Pearse | appointed 23 October 2021, resigned 26 October 2024 |
CHARITY NUMBER
1121823
REGISTERED OFFICE
Castle Cavendish Dorking Road Nottingham NG7 5PN
OneSound
CONTENTS
| Page | |
|---|---|
| Trustees annual report | 1 - 2 |
| Statement of financial information | 4 |
| Balance Sheet | 5 |
| Notes to the financial statements | 6 - 10 |
OneSound
TRUSTEES ANNUAL REPORT For the Year to 31 August 2025
The Trustees of the charity present their report and the financial statements for the year ended 31st August 2025
OBJECTIVES
The objectives of the Charity are to:
-
promote the Christian faith for the benefit of the public through music and creative arts.
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advance the education of the public in the understanding, appreciation and development of music.
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promote the arts by developing music and other creative arts to a standard of excellence amongst young people.
We have referred to the public benefit guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our objectives and in planning our future activities.
The aims (objects) of OneSound are undertaken specifically to ensure the charitable objects meet the public benefit requirement and the Charities Act 2011.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees who held office during the year were as follows:
P Amos R Lawson I Dyer W Collins A Pearse (appointed 23[rd] October 2021, resigned 26th October 2024)
As per OneSound’s CIO Constitution 13.2 At every subsequent annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from office. If the number of charity trustees is not three or a multiple of three, then the number nearest to one-third shall retire from office, but if there is only one charity trustee, he or she shall retire.
E Cade resigned in July 2024. As the charity is closing, the remaining trustees agreed that it was both constitutional and pragmatic that four trustees remain until closure.
The full complement of member Trustees are Pete Amos, Ruth Lawson and Will Collins. The non-member Trustee is Ian Dyer.
4
RISK MANAGEMENT
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to ensure regular reports are produced for Trustees to ensure all necessary actions are taken to lessen the risks.
ACHIEVEMENTS AND PERFORMANCE – SEPTEMBER 2024 TO AUGUST 2025
The year has almost entirely been taken up with the closure process (which was voted for on 21st May 2024 and detailed in the annual report 2023-2024). This was extended more than anticipated due to a misunderstanding resulting in the trustees losing direct access to the main charitable bank account for many months. This was finally resolved in April 2025, thus allowing the distribution of surplus funds.
In accordance with the constitutional requirement to transfer surplus assets at closure for use for charitable purposes with broadly similar aims, the trustees invited suggestions for recipients and then voted at a meeting on 10th October 2024 to give £2,000 to each of:
● Cliff College for work with children at the annual Cliff Festival (Charity No. 529386)
● Music for Everyone (Charity No. 1153412)
The remaining funds (approximately £2,000) will be donated to the MAYC O&S/OneSound reunion fund. This is still ongoing, awaiting bank account issues with the reunion fund to be resolved.
Additionally, the percussion instruments were donated to a Sheffield school local to where they had been stored.
Financial Review
The Statement of Financial Activities is set out on page seven.
The unused portion of a grant from Methodist Youth Activities (£1,215) was returned to MYA in February 2025.
OneSound recorded a net loss of £5,833 in the year ended 31 August 2025 (2024: net loss of £4,387). The total funds held by the Charity on 31 August 2024 were £2,366. A breakdown is shown within note 12 to the financial statements.
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OneSound
TRUSTEES ANNUAL REPORT
For the Year to 31 August 2025
TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records which 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 charity legislation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In accordance with charity legislation, as the charitable trustees, we certify that:
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so far as we are aware, there is no relevant information of which our accountants are unaware; and
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as the trustees of the charity have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant information and to establish that our accountants are aware of that information.
This report was approved by the Board on 17/06/2026 and signed on its behalf by:
Ian J Dyer Acting Chair
OneSound Castle Cavendish Enterprise Centre 63-67 St Peters Street Nottingham NG7 3EN
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OneSound
STATEMENT OF FINANCIAL ACTIVITIES For the Year ended 31 August 2025
| Notes Unrestrict ed Restricted £ £ INCOMING RESOURCES Income from charitable activities: Voluntary income 2 149 - Activities for generating funds Fundraising events 2 - - Gift Aid 2 - - Investment income Bank interest 3 - - ___ __ Total incoming resources 149 - ~~___~~ ~~__~~ EXPENDITURE Expenditure on charitable activities and closure costs: Events 5 - - Donations 10a 4,349 Charitable activities 6 1,325 Governance 6 308 - __ __ Total Expenditure 4 (5,982) (1,215) ___ __ Net (expenditure)/income and net movement in funds for the year Total funds brought forward 1,215 ___ __ Total funds carried forward - ……. ___ __ |
2025 £ 149 - - - ___ 149 ~~__~~ - 4,349 1,325 308 ___ (7,197) __ ___ ___ |
2024 £ 1,775 - - 118 |
|---|---|---|
| ______ 1,893 |
||
| ~~______~~ 2,930 - 3,015 335 |
||
| ______ (6,280) |
||
| ______ (4,387) 13,619 |
||
| ___ 9,232 ___ |
The statement of financial activities includes all gains and losses recognised in 2025 and 2024.
All incoming resources and resources expended derive from continuing activities.
The accompanying notes on pages 10 to 14 form an integral part of these financial statements.
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OneSound
BALANCE SHEET For the Year ended 31 August 2025
| Note CURRENT ASSETS Cash at bank and in hand Stock 9 CREDITORS: Creditors: amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted funds 11 Restricted funds 11 12 |
2025 £ 2,366 - ___ 2,366 - ___ |
£ ___ 2,366 __ 2,366 ___ 2,366 - __ 2,366 ______ |
2024 £ 9,065 349 ___ 9,414 (1,215) ___ |
£ 9,414 |
|---|---|---|---|---|
| ______ 8,199 |
||||
| ___ 8,199 1,215 ___ |
||||
9,414 ______ |
The financial statements were approved by the board on 17th June 2026 and signed on its behalf.
Ian Dyer
………………………………………
Trustee OneSound
The notes on pages 10 to 14 form part of these accounts
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OneSound
NOTES TO THE FINANCIAL STATEMENTS For the Year ended 31 August 2025
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
CIO information
OneSound CIO was registered as a charitable incorporated organisation after converting from registered company limited by guarantee on 20 June 2019. It is governed by a constitution dated 20[th] June 2019 and registered with the Charity Commission under charity number 1121823. The charity’s principal office address is Castle Cavendish Enterprise Centre, 63-67 St Peters Street, Nottingham NG7 3EN
.
Basis of accounting
The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
OneSound meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Cash Flow Statement
The trustees have taken advantage of the exemption in the Charities SORP (FRS102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) from including a cash flow statement in the financial statements on the grounds that the charity is small.
Grants
Revenue grants are credited to the income and expenditure accounts when receivable.
Other incoming resources
All other incoming resources are recognised when received and when the trustees are virtually certain they will be received.
Restricted funds
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Unrestricted funds
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Taxation
As a registered charity the entity is generally exempt from income tax and capital gains tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
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OneSound
NOTES TO THE FINANCIAL STATEMENTS For the Year ended 31 August 2024
Resources expended
Resources expended are included in the Statement of Financial Activities on an accruals basis and are recognised when there is a legal or constructive obligation to pay for expenditure.
All resources expended are directly allocated to the particular activity to which they relate.
Governance
Governance costs are those costs incurred by the charity in meeting its statutory obligations.
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OneSound
NOTES TO THE FINANCIAL STATEMENTS For the Year ended 31 August 2025
| 2. | Income from charitable activities Unrestricted Restricted 2025 2024 £ £ £ £ Member Donations 149 - 149 178 Donations - - 1,597 Gift Aid - - - - Event income - - - - ___ __ ___ __ |
|---|---|
149 149 1,775 ___ __ ___ __ |
3. Investment income
There was no investment income in 2024/25 (2024 £118).
| 4. Analysis of expenditure on charitable activities and closure costs Unrestricted Restricted £ £ Event costs - - Governance costs (Note 6) 308 - General support costs (Note 6) 1,325 - ___ ___ 1,633 - |
2025 £ - 308 1,325 ______ 1,633 |
2024 £ 2,930 335 3,015 |
|---|---|---|
| ______ 6,280 |
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OneSound
NOTES TO THE FINANCIAL STATEMENTS For the Year to 31 August 2025
5. Summary analysis of expenditure and related income for charitable activities
| Voluntary income Investment income General support costs Governance costs Donations (Note 10a) Net expenditure from reserves |
2025 2025 Income Expenditure 149 - - - - (1,325) - (308) - (4,349) ___ __ 149 (5,982) ___ __ |
2025 Net 149 (1,325) 308) (4,349) ___ (5,833) ___ |
|---|---|---|
6. Analysis of Governance and general support costs
All expenditure on governance and general costs went directly to support the music events undertaken by the organisation
| General support costs Contractor costs - Unrestricted Contractor costs – Restricted Bank Charges Storage costs Governance costs Insurance Accountancy Software subscriptions Sundry Virtual Office hosting |
2025 £ - - 86 1,239 ___ 1,325 __ - - 229 79 - ___ 308 __ |
2024 £ 495 - 120 2,400 ___ 3,015 __ - - 215 - 120 ___ 335 __ |
|---|---|---|
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OneSound
NOTES TO THE FINANCIAL STATEMENTS For the Year to 31 August 2025
7. Trustee remuneration
None of the trustees (or any persons connected with them) received any remuneration during the year.
.
8. Corporation tax
OneSound is a registered charity and is therefore exempt from taxation of income and gains falling within Section 505 Taxes Act 1998 or Section 256 Taxation of Chargeable Gains Act 1992 to the extent these are charitably applied. No tax charge has arisen in the year.
| 9. STOCK Percussion Instruments 10. CREDITORS Amounts falling due within one year Trade creditors Accruals Deferred restricted income Deferred unrestricted income 10a. DONATIONS Donations from surplus assets prior to closure Percussion Instruments Cliff College Festival Children’s Work Music for Everyone |
2025 £ - ___ 2025 £ - - - - __ - ___ 2025 £ (349) (2,000) (2,000) ~~__~~ (4,349) ______ |
2024 £ 349 ___ 2024 £ - -- 1,215 - __ 1,215 ___ __ |
|---|---|---|
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OneSound
NOTES TO THE FINANCIAL STATEMENTS For the Year to 31 August 2025
| 11. | Analysis of movements in | Balance at | 31 | Incoming | Resources | Balance at |
|---|---|---|---|---|---|---|
| funds | August 2024 | resources | expended | 31 August | ||
| 2025 | ||||||
| £ | £ | £ | £ | |||
| Unrestricted funds | 8,199 | (5,833) | 2,366 | |||
| ______ | ______ | ______ | ______ | |||
| Restricted funds: | ||||||
| Grant | 1,215 | - | (1,215) | - | ||
| ______ | ______ | ______ | -______ | |||
| Total funds | 9,414 | (7,048) | 2,366 | |||
| ______ | ______ | ______ | ______ | |||
| 12. | ANALYSIS OF NET | Unrestricted | Restricted | Total | Total | |
| ASSETS BETWEEN | 2025 | 2024 | ||||
| FUNDS | ||||||
| £ | £ | £ | £ | |||
| Cash at bank | 2,366 | - | 2,366 | 9,065 | ||
| Stock | - | - | - | 349 | ||
| Creditors | - | - |
- |
(1,215) |
||
| ______ | ______ | ______ | ______ | |||
| 2,366 | - | 2,366 | 8,199 | |||
| ______ | ______ | ______ | ______ |
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