Charity number: 1156396 Company number: 06190454 Soundwave Cumbria Llmited (A company limited by guarantee) Trustees, report and f inancial statements forthe year ended 31 March 2025 robinson+co Chartered Accountant5
Soundwave Cumbria Llmited (A company limited by guarantee) Contents Page Legal and administratlve informatlon Trustees, report Independent examiners, report Statement of financial actlvlties Balance sheet 9-10 Notes tc the flnancial statements 11-16
Soundwave Cumbrla Limited {A company Ilmlted by guarantee) Legal and administrative Informatlon Charlty number 1156396 Company reglstratlon number 06190454 Reglstered office 72 Klng Street Whltehaven CA28 7LE Trustees A Philllps l Alcock S Dockeray D Bagley D P Whltehouse R Wyle 5 Dempsey Accountants roblnson+co Oxford Chambers New Oxford Street Worklngton CA14 2LR Page I
Soundwave Cumbrla Llmited (A company Ilmlted by guarantee) Report of the trustees {incorporating the directors, report) for the year ended 31 March 2025 The trustees present their report and the financlal statements for the year ended 31 March 2025. The trustees, who are also dlrector5 of Soundwave Cumbrla Llmlted for the purposes of company law and who served during the year and up to the date of thls report are set out on page l. Structurei governance and management Governlng document The charlty Is controlled bylts 8overnlng document, a deed of tTU5t, and constltutes a limited company, limlted bv guarantee, as defined by the Companies Act 2006. Recruitment ond oppolntment of trustees The management of the charltable company Is the responslbllity of the trustees who are elected and co-opted under the terms of the Artlcles of Assoclation. All trustees 8ive thelr tlme voluntarily and recelve no beneflts from the charltable company. Legolstatus The charity is a reglstered company Ilmlted by Buarantee4 governed by Tts Memorandum and Artlcles of Assoclatlon. The company's reglstration number Is 06190454 and Its charlty reglstration number Is 1156396. The Drgan15atlon was incorporated as a Company Ilmlted by guarantee on 28th March 2007 and wa5 8ranted charltable status on 27th March 2014, Organlsatlonal structure The Board, who meet at least every quarter. provtdes strateglc dlrectlon for the organlsatlon. The Dlrertor Is appolnted by the Board to manage the day to day operation ofthe or8anlsation. The Dlrector has the dele8ated responslblllty to make day to day declslons and communlc3tes thls Informatlon to the Chair of the Board by way of regular superv151on meetlngs and quarterly Board meetlngs. From time to time the Board members are requlred to respond to speclfic questions or Items. The Dlrector reports to The Board durlng quarterly Board meetlngs. Each project has a nomlnated lead responslble for the management and delSvery of outcome5 as Stated In the fundin8 agreement or service level agreement betrrfeen the or8anisat5on and the partnerlpurthaser. The nomlnated lead 15 re5pon51ble for ensurlng that all outcomes are achleved, the projert is dellvered wlthln bud8et and In agreed timescales. Each project has its.own budget, which is created by the nominated lead and agreed wlth the Dlrertor. Progres5 towards outcomes.is monltored during monthly supervlslons between the Director and the nominated lead and Flnance Offlcer. Quarterly plannlng sessions take place between the Dlrector and the program team, 5UPPOrted occaslonally by the Chair of the Board or other Board member, Thls process helps to Identlfy partnershlp opportunltles or fundlng requlrernents. The Dlrector Is responsible for buslness plannlng and Strategic plannlng along wlth the Board of Trustees. Page 2
Soundwave Cumbrla Llmited (A company Ilmited by guarantee) Report of the trustees (Incorporatlng the directors, report) for the year ended 31 March 2025 Risk monogement To ensure that the financlal resources are safe8uarded the Director meets regularly wlth the Board to plan and monltor financial reportln8. Rl8ht Balance Accountlng are our designated accountants. Sage accountlng software Is used to maintaln ftnanclal records along with a regularly updated cash flow forecast and budgets for each cost center/department. Thls enables remedlal actlon to be taken where nesSary and approprlate. staff are trained In Health and Safety, Flrst Ald and Safeguardlng to Level 2. lan Alcock Is the deslgnated person responslble for overseelng Safeguarding matters. Soundwave has appropriate levels of insurance as per legal requlrements, which Is procured through Markel Insurance Broker5. ObJectlves and actlvltles Objectlves and aims The Charity's oblectlves are to promote, malntaln, Improve and advance educatlon for the beneflt of the publlc, by developlng publlc appreciation and understanding of muslc and all related art fornis, Includlng playing instruments, singlng, composltlon, dlgltal arts, dance and performance and by Improvlng access to and the quality of the muslcal artsi prlrnarlly but not excluslvely in Cumbrla. MISSION Our mlsslon Is to offer muslcal opportunltle5 and celebrate the power of music to engage cornmunltles, develop sk1115 and enrlch Ilves In Curnbrla. VALUE5 Provldlng open acce5S to muslc. Realislng and nurturing talent through muslc. Making a posltlve and lasting Impact on Ilves. Worklng In partnership to effect posltlve change, Beln8 respectful and understandln8 of others. Valuing the skllls and experlentts of our staff team and workforce and thelr role In fulfllllng the misslon. GOALS Provldlng hi8h quality partlclpatory muslc maklng opportunlties forvulnerable people. Working with chlldren and youn8 people to dlscover their potentlal offering creatlve opportunltle5 and developlng musical skllls. Workingwlth older people to Improve thelr enjoyment of Ilfe. Enabllng people of all ages to discover their potentlal through engaging In partlclpatory muslcal actlvltles and performan5. Developing the prartlce of the Workfor so we are reflectlve and constantly developing and delivering hlgh quallty programmes. Nurturin8 and developlng talent at all levels, set challenges and bulld opportunitles through our art15ti¢ pro8ramme. Ensurfng quality mu51c leadership by provldlng hl8h quality contlnuous professlonal development opportunitie5. Providing clear and conslstent progresslon routes for muslcians and those worklng In muslc related fields. Page 3
Soundwave Cumbrla Llmlted (A company Ilmlted by guarantee) Report of the trustees {incorporatlng the dirertors, report) for the year ended 31 March 2025 Achievements and performance Aprll 2024- March 2025 DurlnE the perlod Aprll 2024 to March 2025, Soundwave dellvered a programme of communlty musl4 youth development and Industry engagement activity across West Cumbrla and the wlder reglon. All activlty wa5 deslgned to advance the charlty's objectlves by Increasing access to mu51c-¥nakin8, developlng creative skills, improvlng confiden and wellbeln& and creatlng pathway5 Into further educatlon, employment and partlclpatlon In the cultural Sector. Accessible Community Music Provlslon Soundwave dellvered open-access communlty Jamming and cholr sessions from Its base on Klng Street, Whltehaven. These sessions were free or low-cost and open to all ages and 3bllltles, reduclng barrlers to partlclpation. The actlvlty provided clear publlc benefit by supporting soclal connection, improving wellbelng and enablin8 people who mlght not otherwise engage In music to participate In shared creatlve activlty. Hl8h Street Engagement.and ReEeneratlon By relocatlng to an empty hlgh-street shop on Kln8 Street. Whitehaven, Soundwave Increased the vlslblllty and accesslblllty of Its work. Operatlng from a town<entre location enabled greater en8a8ement wlth the local community and contrlbuted to the cultural use.and anlmatlon of underutlllsed hlgh-street space. Educatlon and Skills Development Weekly songwrltlng sesslons were dellvered at Lakes College, supportlng learner5 to develop creatlve, communication and collaboratlve skllls. Partlclpants 8ained prattlcal experlence In son8wrltln8 and muslc creatlon, contributing to Improved confidence, 5elf-expresslon and engagement wlth learnin8. Youth Muslc and Personal Development Soundwave delivered weekly Muslczone sesslons In Worklnston, Whitehaven and Cockermouth for youn8 people aged 11-19. These sessions focused on muslc performance, songwritlng and productlon, whlle a150 SUPPOrtlng transferable skllls such as teamwork, reslllence and self-confidence. The proEramme provlded safe. supportlve spaces for youn8 people to develop creatlvely and scclally. Performance Opportunities and Confldence Bulldlng New performance opportunities were Created through '@Loud in the Librarl open mlcsessions at Whltehaven Library, with separate sesslons for under 195 and adults. These events provlded accesslble, supportlve platforms for participants to perform publlcly, helpln8 to build confidence, asplratlon and a sense of achlevement. Pathways into the Muslc and Creatlve Industries Partlclpant5 and Staff engaged with live muslc Industry events Includlng a community music conference In Leeds, Generator Llve In Newcastle and BBC Introduclng actlvlty. These experiences Increased understandlns of the music Industryi expanded professional networks and supported progression routes for emerglnE artlsts and young people. Festlval and Cultural Participatlon Soundwave collaborated with Generator North East and BBC Introduclng to dellver the Roots Stage at Kendal Callln8 Festlval, showcaslng approxlmately 40 emerging acts over the weekend. Th15 provided significant publlc beneflt by supportlng new talent, Increasing audlence access to emerglng music and offering artlsts valuable professlonal performance experlence. In additlon, a new partnershlp wlth Krankenhaus Festival enabled Soundwave to deliver a sta8e and frlnge event at Muncaster Castle, further expanding performance and audience eneagement opportunitles. Work Experlence and Employabillty Soundwave supported three secondary school pupils through tallored work experlence placements. These placements provided meaningful Inslght into cornmunity music, live events and creatlve worK supporting emplcyablllty skllls and Informed career choices. Page 4
Soundwave Cumbrla Urnited (A company Ilmlted by guarantee) Report of the trustees (Incorporating the dlrectors, report) for the year ended 31 March 2025 Sector Enoagement and Partnership Working Soundwave actively partlclpated in local cultural and creatlve networks, strengthening partnerships and contributing to the development of a more connected and resilient cultural sector In West Cumbrla. Leadership and Workforce Development The or8anlsatlon supported three tralnee communlty musicians through mentorlng, practical dellvery experience and Involvement In proEramme plannlng. This actlvlty helped develop skllls, cOnfIden and employabllity, contrlbutlng to the sustalnabllity of the local community muslc workfor, Flnancial revlew At the end of the financial year 31 March 2025 the charlty had unre5trlcted reserves of £48,603, whlch represents 3.40 months operating costs at current expenditure levels. The organlsatlon Ideally needs 6 months of operatlng costs in reserves, which typlcally amounts to approx. £85,000. The restrtlcted reserves of £8,800 wlll be used for next 4 years of restrlcted depreclatlon. Statement of trustees, responsibilitles The trustee5 (who are also dlrectors of Soundwave Cumbrla Llmlted for the purpose of cornpany lawl are responslble for preparlng the Tru5tees' Annual Report and the financlal statements In accordance wlth appllcable law and United Kingdom Generally Acceptéd AccountinE Practlce. Company law requlres the trustee5 to prepare financlal statements for each flnancial year whlch glve a true and falr vlew of the state of affairs of the charitsble company and of the Incomlng resources and appllcatlon of resources, Includin8 the Income and expendlture, of the charltable company for that period. In preparlng these financlal statements, the trustee5 are requlred to: select suitable accountlng policles and then apply them conslstently observe the methods and prlnclples In the Charltle5 SORP; makejudgements and estlmates that are reasonable and prudent; state whether appllcable UK Accountlng Standards have been followed, subject to any materlal departures dlsclosed and explained in the financlal statements. and prepare the financlal statements on the Boing conrn ba515 unless it Is Inapproprlate to presume that the charitable company will contlnue In operation. The trustees are re5ponslble for keeplng proper accounting record5 whlch disclose wlth reasonable accuraGy at any time the flnancial posltlon of the charitable company and whlch enable them to ensure that the ftnancial statements comply wlth the Companles Art 2006. They are also responsible for safeguardin8 the assets of the charitable company nd hence for taking reasonable Steps for the preventlon and detection of fraud and other irregularltle5. Page 5
Soundwave Cumbria Limited (A company limited by guarantee) Report of the trustees (incorporating the directors. report) for the year ended 31 March 2025 Small company provlslons This report has been prepared in accordance with the special provlsSons for small companies under Part 15 of the Companies Act 2006. On behalf of the board A Phllllps Dlrector 22 December2025 Papp fi
Soundwave Cumbria Llmlted (A company limited by guarantee) Independent examlner's report to the trustees on the unaudited flnancial statements of Soundwave Cumbrla Limited. I report on the accounts of Soundwave Cumbrla Limited for the year ended 31 March 2025 set out on pages 2 to 16. Responsibllities and basls of report As the charlty's trustees of the Company Iwho are also the dlrectors of the company for the purposes of company lawl, vou are responslble for the preparatlon of the accounts in accordance wlth the requ(rements of the Companles Act 2006 l*he 2006 Act'l. Having satlsfled myself that the account5 of the Company are not requlred to be audlted for thls year under Part 16 of the 2006 Act and are elS8ible for Independent examlnatlon, I report In respect of my examinatlon of your charfty's account as carrled out under sectlon 145 of the CompanSes Act 2011 {'the 2011 Act'l. In carrying out rny examination, I have followed the dlrections glven by the Charlty Commlssion (under sectlon 14515) Ib) of the 2011 Att. Independent examinevs Statement I have completed my examlnatlon. I confirm that no material matters have come to my attentlon whlch glve5 me cause to believe that: ccountlng records were not kept In accordance with sectlon 385 of the Companles Act 2006. or the accounts do not accord wlth such records: or the accounts do not comply wlth relevant accountlnE requlrernents under sectlon 396 of the Companies Art 2006 other than any requlrement that the accounts give a 'true and falr. view whlch Is not a matter consldered as part of an Independent exarnlnatlon; or the accounts have not been prepared In accordance wlth the Charltles SORP (FRS 1021. I have nc concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attention Should be drawn in this report In orderto enable a proper understandlng of the accounts to be reached. Mr Peter Ellwood FCA Independent examlner roblnson+co Chartered Accountants Oxford Chambers, New Oxford Street Workin8ton CA14 2LR 22 Dember 2025 Page 7
Soundwave Cumbria Llinlted (A company limited by guarantee) Statement of flnancial activitles (incorporating the Income and expendlture account) For the year ended 31 March 2025 Unrestrlcted Restrlcted funds funds 2025 Total 2024 Total Notes Income and endowments Donations and legacies Charltable,actlvltle5 other Income 58,349 21,971 295 123,748 182,097 21,971 295 106,516 15,662 Total Incoming resource5 80,615 123,748 204,363 122.178 Expendlture Charitable actlvltles 56,35S 114.948 171,303 156,742 Total expenditure 56,35S 114,948 171,303 156,742 Net Income/lexpenditure) for the year 24,260 8.800 33,060 134.5641 Total funds brought forward 24,343 24,343 58,907 Total funds carrled forward 48,603 8,800 57,403 24,343 The statement of flnanclal activitles Include5 all gains and losses in the year and therefore a separate statement of total recogni5ed galns and losses has not been prepared, All of the above arnounts relate to continulng actlvltles. The note5 on.pages 11 to 16 form an Integral part of these t7nancial 5tatementS. Page 8
Soundwave Cumbria Limited (A company limited by guarantee) Balance sheet as at 31 March 2025 2025 2024 Notes Flxed assets Tanglble assets Current assets Debtors Cash at bank and In hand 11,099 1,566 io 4,998 90,600 4,427 86,508 95,598 90,935 Credltors: amounts falllng due wlthln one year li {49,2941 168,158) Net current assets 46,304 22,777 Net assets 57.403 24,343 Fund5 Restrlcted Income funds Unrestrlcted Incorne funds 13 8,800 48,603 24,343 Total funds 57,403 24,343 The Balance Sheet contlnues on the followlng page. The notes on pages 11 to 16 form an integral part of these flnanclal statements. Page 9
,Soundwave Cumbria Limited IA company limlted by guarantee) Balance sheet Icontlnued) Trustees statements r.equired by the Cornpanles Act 2006 for the year ended 31 March 2025 In approving these financlal statements as trustees of the company we hereby confirm: {al that for the year stated above the company wa5 entltled to the exemptlon conferred by section 477 of the Companles Act 2006. (b} that no notlce has been deposited at the reglstered offlce of the company pursuant to sectlon 476 of the Companies Act 2006 requestlng that an audit be conducted for the year ended 31 March 2025. Icl that we acknowledge our respon5ibllities for: 11) ensuring that the company keeps proper accountln8 records whlch comply wlth sectlon 386 of the Companles Act 2006, and 121 preparlng flnancial statements whlch give a true and falr vlew of the state of affalrs of the company as at the end of the financial year and of Its profit or loss for th8 year then ended in accordance wlth the requlrements of sectlons 394 and 395, and which otherwlse comply with the provlslons of the Companies Act relatlng to flnanclal statements, so far as appllcable to the company. These flnanclal statements are prepared in accordance wlth the special provisions of Part 15 of the. Companies Act 2006 relatlng to small companles . The financial statements were approved by the board on 22 Dernber 2025 and signed on its behalf by A Phllllps Dlrector The notes on pagÈ5 11 to 16 forni an Integral part of these flnancial statements.
Soundwave Cumbrla Llmlted (A company Ilmlted by guarantee) Notes to financial statements for the year ended 31 March 2025 Accounting pollcles The prlnclpal accountlng pollcies are summarlsed below. The accountlng pollcles have been applled consistently throughout the year and the precedlngyear. Basls of accounting The financlal statements are prepared under the hlstorlcal cost convention and In accordance wlth FRS 102, 'The Flnanclal Reportlng Standard appllcable In the UK and the Republlc of Ireland,. the Statement of Recommended Practlce applicable to charStles preparlng their accounts In accordance wlth the Financlal Reportin8 Standard applicable In the UK and Republlc of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the 1.2. Cashflow The charlty has taken advantage of the exemptlon In FRS102 Update Bulletin I from the requirement to produce a cashflow statement because It Is a small company. 1.3. Income All Income15 Included in the ststement of financlal actlvltles when the charlty Is entitled to the Incorne and the amount can be quantlfied wlth reasonable accuracy. The followin8 speclflc policies are applled to particular categorles of Income: Voluntary Income is recelved by way of Erants, donatlon5 and Bifts and Is Included in full In the statement of financlal actlvities when recelvable. Grants where entltlement Is not condltlonal on the dellvery of a speclfic performance by the charlty, are recoBnlsed when the charity becomes unconditlonally entltled to the 8rant. Donated services and facllltles are Included at the value to the charlty where this can be quantlfted. The value of services provlded by volunteers has not been Included. Grants, includlng grants for the purchase of flxed assets, are recognlsed In full In the statement of flnanclal actlvltles In the year In whlch they are recelvable. 1.4. Expenditure Expendlture Is reco8nised on an accrual basls as a Ilablllty is Incurred. Expenditure includes any VAT whlch cannot be fully recovered. and Is reported as part of the expendlture to whlch It relates. Cost5 of generating funds comprlse the costs assoclated with attractlng voluntary Income and the cost5 of tradlng for fundralslng purposes includlng the charlty'5 shop. Charltable expendlture comprlses those costs incurred by the charity in the dellvery of its actlvltle5 and services for Its beneficiarles. It Includes both c05t5 that can be allocated dlrectly to such actlvltles and those costs of an Indlrett nature necessary to support them. Support costs are those costs Incurred dlrectly In support of expenditure on the objects of the charlty and include project management. 1.5. Tanglble fixed assets and depreciatlon Tangible fixed assets are stated at cost less accumulated depreclatlon. Depreciation 15 provlded at rates calculated to write off the cost le55 residual value of each asset over Its expected useful Ilfe, as follows: Fixtures, fittings and equipment 20% stralght Ilne Page 11
Soundwave Cumbria Llmlted (A,company limlted by guarantee) Notes to flnancial statements for the year ended 31 March 2025 1.6. Taxatlon The charlty15 exempt from corporation tax on Its charitable activltles Donatlons and legacles Unrestrlrted Restricted funds funds 2025 2024 Total Donatlons Cumbrla County Councll Natlonal'Foundation for Youth Muslc Sellafield Limlted Cumbrla CF Francls C Scott Ace Lottery PCC for Cumbrla Fundra151ng event5 2,560 2,560 47,530 12,500 30,068 5,033 9,500 73,906 1,800 7,217 12,596 60,389 13.274 1.500 S.674 2,168 1,898 47,530 12.5QO 30,068 5,033 9,500 19,117 54,789 1,000 1,000 S8,349 123,748 182,097 106,516 Charltable actlvltles Unrestrlcted funds 202S Total 2024 Total Earned income 21,971 21,971 15,662 21.971 21,971 15,662 Other income Unrestrlcted funds 2025 Total 2024 Total Other income 295 295 295 295 P.age 12
Soundwave Cumbria Llmlted (A company limited by guarantee) Note5 to financial statements for the year ended 31 March 2025 Costs of charltable activities - by fund type Unrestrlcted funds Restrlcted funds 2025 Total 2024 Total Charitable activitles 56,355 114.948 171,303 156,742 56,355 114.948 171,303 156,742 Costs of charitable actlvltles - by actlvity Support costs 202S Total 2024 Total Charltable aetivitles 171,303 171,303 156,742 171,303 171,303 156,742 Analy515 of support Costs 2025 Total 2024 Total Staff costs Rent Repalrs and maintenance Insurance Other establlshment costs Staff expenses Accountancy charges Legal and professlonal fees Communlcatlon and Information technology Other office expenses TralnlnB Depreclatlon and impairment Miscellaneous expenses Royalties Advertising 130,857 7,690 4,250 1,318 4,270 3,002 2,562 6,880 2,862 265 105 2,942 1931 120 1,249 131,121 7,122 4,549 1,394 880 2,834 2,370 513 1,968 221 676 446 2.089 559 171,303 156,742 Page 13
Soundwave Cumbrla Limited (A company Ilmited by guarantee) Notes to flnancial statements for the year ended 31 March 2025 Employees Employment costs 2025 2024 Wages and salaries Other costs ,93,709 37,148 93,164 37,957 130,857 131,121 No employee received,emoluments of MO than £60,00012024: None). Number of employee5 The average monthly numbers of employees Ilncludlng the trustees) durln8 the year, calculated on the basls of full time equlvalents, was as follow5: 2025 Number 2024 Number Flxtures, flttlngs and equlpment Tanglble fixed assets Total Cost At l Aprll 2024 Addltlons 2,230 12,475 2,230 12,475 At 31 March 2025 14,705 14,705 Depreclatlon At l Aprll 2024 Charge for the year 664 2,942 664 2,942 At 31 March 2025 3.606 3,606 Net book values At 31 March 2025 11.099 At 31 March 2024 1,566 1,566 Page 14
Soundwave Cumbria Llmited (A company Ilmited by guarantee) Notes to flnanclal statements for the year ended 31 March 2025 io. Debtors 2025 2024 Other debtors 4,998 4,427 11. Credltors: amounts falllng due wlthin one year 2025 2024 Trade credltors Other creditors Accruals and deferred Income 2,400 832 46,062 3,276 794 64,088 49,294 68,158 12. Deferred Income 2025 2024 At l Aprll 2024 Amount released to Income Amount deferred in year 61,717 {61,7171 43,500 95,120 195.120) 61,717 At 31 March 2025 43,500 61,717 Deferred Income relates to Income recelved In advance for the followlng projects: Route A66 £37,500 and Francls C Scott £6'00012024: Hollr £16,371, Sellafleld YDF £13,697, Francls C Scott £7,500, Ace Lottery £19,117, Cumbria CF £5,032). 13. Analysis of net assets between fund5 Unrestrlcted funds Restrlcted funds Total funds Fund balance5 at 31 March 2025 as represented by: Tanglble fixed assets Current assets Current liabilitles 2,299 52,098 {5,7941 8,800 43,500 143,500) 11,099 95,598 (49,2941 48,603 8,800 57,403 Page 15
Soundwave Cumbria Llmlted (A company limited by guarantee) Note5 to financial statements for the year ended 31 March 2025 Unrestrlcted funds At At l Aprll 2024 Incomlng resources Outgolng rescurces 31 March 2025 Unrestrlcted Funds 24.343 80,615 (56,3551 48,603 15. Restricted funds At At l Aprll 2024 Incomlng resources Outgolng resources 31 March 2025 Yauth Club Hollr Route A66 Francls C Scott Ace Lottery Cumbrla CF 13.697 16,372 12,500 9,500 19,117 52,563 (13,6971 (16,3721 (12,5001 19,5001 (19,1171 {43,7631 8.800 123,749 1114,9491 8,800 16. Company Ilmfted by guarantee Soundwave Cumbrla Llmited Is a company limited by guarantee and accordlnBly does not have a share capltal. Every member of the company undertakes to contrlbute such amount as may be requlred not exceeding £1 to the assets of the charltable company In,the event of Its being wound up while he or she Is a member, or wlthln one year after he or she ceases to be a member. Page 16