## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022**
**Charity Number 1157494**
**THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
For the year ended 31 March 2022
|**Contents**|**Page**||
|---|---|---|
|Trustees annual report|1 to 8||
|Independent examiners report||9|
|Statement of Financial Activities (including||10|
|income and expenditure account)|||
|Balance sheet||11|
|Notes to the financial statements|12 to|20|
The Trustees are pleased to present their Annual Report together with the financial statements of the Charity for the period ended 31st March 2022, which are also prepared to meet the requirements for a Directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) [effective 1st January 2015].
1. Objectives and Activities
The Soundroom Community Music Project was founded in 2000 and became a non-profit charitable incorporated organisation (CIO) in 2014. We believe that access to music and the arts greatly improves the quality of life for people in our community.
The Board of Trustees has referred to the Charity Commission's guidance on public benefit when reviewing the Charity’s objectives and planning its future activities. This annual report aims to demonstrate the link between our charitable activity and how this benefits our service users.
The Charity works for the public benefit and aims to provide a high quality resource for the development of music and the related arts for the residents of Gateshead and surrounding areas, identify and meet musical needs of different age groups in our community; elderly people, disabled people, families, children, and young people, and focus the project on marginalised and/or vulnerable groups, including those from deprived socio-economic backgrounds.
1
## 2. Outcome and Aims
The outcome of the Charity is to:
· enrich the lives for people, groups and communities through music and related arts
· providing vibrant opportunities to participate in musical experiences and guide people through their musical journey
· create a truly inclusive space at the heart of the community with modern facilities
· be a resilient, focused and well managed charity
and the Charity wishes to achieve its outcome with the following aims:
· Increase participation amongst groups less likely to engage in culture
· grow the programme of opportunities in response to users’ needs and aspirations
· invest in capacity, facilities and equipment
· strengthen governance and operations
3. Achievements and Performance
As in previous years, the Charity continues to support some of the most vulnerable members of our community. We do this by providing social opportunities and learning activities through our planned programme of activities, some of which are hosted by our dedicated group of volunteers.
Covid-19 Impact
We have adapted and evolved how we deliver our services to overcome the challenges of service delivery and financial impact of the pandemic.
During this period like for so many others, the pandemic touched every aspect of our organisations work including;
- Day to day music engagement activities
- Children, and older people groups (which had to be paused) and
- Our income generation
2
Despite these challenges our organisation adapted, to offer access to music opportunities delivered in different ways. This was a real team effort, delivering music CDs for those that had no access to internet services and weekly radio shows, telephone calls to check in with volunteers and online digital communications supporting young people.
Restrictions changed and we altered our programme of activities several times , As COVID guidelines relaxed, we were able to increase the numbers in attendance, in addition to offering new activities for the younger age group within our community.
Plans were made for our 21st birthday celebrations (after covid cancelled our 20th year plans) with the Mayor, Funders, Trustees, Staff, Volunteers, Clients/Users and members of the local community but were unfortunately cancelled at the ‘last hour’ due to new Government guidance on Covid over the Christmas period. The Charity is determined to celebrate its 22nd year in style.
## Post Covid impact
During this year we began to emerge from the pandemic with activities and projects being re-established for our community. We found a number of issues with this. Many older people found the transition very challenging and uncertain, needing a lot of support and reassurance to return to centre-based activities.
Children and youth groups are now fully returned with higher than pre-pandemic attendances for our after school groups and projects.
Positive impacts include our improved rehearsal and recording facilities that continue to draw in not only regular clients but new clientele as well.
Improvements to our digital services continued with grant support via Connected Voice to work with website consultants to design and implement a new website and introduce much needed online payments.
One impact of the pandemic has been the reduction to our revenue. Many hirers of the centre, projects, bookings which were face to face based have not all resumed. It will take our organisation time to recover from the pandemic, but we hope with the new capacity to our lower ground level and much improved facilities we can find new partners to help our musical centre move back to becoming more sustainable.
Building works and energy efficiency
3
Funding from the European Community Fund and additional funding from the Rothley and D'Oyly Carte charitable Trusts and Lottery, allowed further refurbishment works to continue throughout the year:
· Extraction fans fitted to several rooms
- Repairs to the office ceiling and roof
- Acoustic refurbishment of the studio vocal booth
· Continuing works in the basement to create additional room hire space.
Work to start installation of a brand new energy efficient Gas heating system started in January 2022, which is supplemented with electric heating in our studio and basement rehearsal rooms which has lowered our carbon footprint overall and importantly reduced our heating costs.
## Staffing
The centre employs a part time Centre Manager to oversee the building. As the Charity’s operating hours increase, the Charity has now gained another employee who works on alternative days to the Centre Manager (24 hours per week). Any additional hours are covered by the dedicated group of volunteers.
## Learning and Development
Centre Manager received one to one coaching and mentoring in charity leadership and development. Staff, key volunteers have enhanced personal development goals by completing online training including Health & Safety and Safeguarding.
## Community Work
The Soundroom continued to implement COVID safe activities, following on from the practices implemented from the previous year.
Music Café - The cafe continued with its music request Radio show with the support of the Star and Shadow Cinema community radio platform and licence until July 2021. After a summer break, the Soundroom Community Band began a pre booked music cafe session on Monday afternoons. Additionally, with the support of a mental health music practitioner, a Thursday afternoon music cafe was able to be offered to a small group of extremely vulnerable adults with learning disabilities who were unable to attend the Monday sessions. This was funded by the National Lottery. These Monday and Thursday sessions were eventually opened up to accommodate the regular attendees as well as new clients.
Cinema Club - small group attended film screening sessions
4
Tea dances and music and memories café - the Centre Manager continued communication by telephone and online forums due to the strict protocols imposed by older community homes, which prevented the older community attending. A music and memories cafe was trialled for any individuals who may wish to attend but this attracted low numbers, again due to the concerns of the older population. We hope to reinstate these in the near future.
Youth group - after having maintained communication with the young people of the area, who had previously attended the youth sessions, the Charity was able to reinstate the youth sessions in September with grant support from Foyle Foundation, Lady Skinners Foundation, and Big Local. These sessions were funded until May 2022.
Thereafter we were able to continue the sessions working in partnership with Gem Arts.
Music dance and drama - following on from the pre covid Stage school, the Charity engaged the support of Gem Arts to provide music, dance and drama activities for the 8 to 12 year age group. These sessions give the young children opportunity to learn an instrument, write songs and perform street dance. This is well attended by a regular diverse group of children. Thank you to the Warburtons and Reed Foundation.
Rehearsals and recording - we continue to provide affordable practise room hire to local community groups and the general public. Recording has continued within strict COVID health and safety guidelines.
Our links with the local Jewish schools, primary schools, youth groups, college and community groups have been maintained due to the dedicated work carried out by our Centre Manager and Studio Technician.
Local community events - The Soundroom organised an open day to showcase our newly refurbished space to our community, also supported Big Local with their annual Summer Programme, providing a venue and appropriate staff, enabling free events to be held within the local community. These included a kid’s radio show, a family film showing, open studio events providing an insight to the technical side of a studio/how to record as well as beginner’s guitar sessions.
Tesco and Arnold Clark community grants allowed us to refurbish our community café area and provide new seating.
Inclusion, Diversity and Equality
The Charity continues to support inclusion, diversity and equality wherever possible. There is evidence of this within our community groups.
5
The charity aims to work with all areas of our community, regardless of age, disability, gender, race, religion and sexual or gender preference.
We support clients with mental health issues to express themselves through spoken word, singing and recording sessions.
Volunteer Contribution
Since The Soundroom inception in the year 2000 (and as part of the Deckham Music collective before that) the project has always been driven forward by local people. This commitment helps our organisation reflect local concerns. It also enables our charity aims to match closely to the wider needs of the communities we are here to serve.
We are especially grateful for the time and enthusiasm shown by everyone to ensure the project kept running during covid times, especially as we enter our 22nd anniversary year. We recognise that without this help, we may not be able to provide such a range of activities and extend our opening hours.
As the covid restrictions have relaxed, volunteer numbers have increased slightly, as vulnerable volunteers were able to return to assist with the face to face community projects. The dedicated group of volunteers have remained and continue to assist the Centre Manager and the Charity in whichever way they can.
4. Plans for the Future - Emerging Stronger
The Trustees and staff continue to maintain present activities, plan and work towards providing a greater range of services for all, taken into account the views of our clients and local community. These include workshop projects for mental health groups, young parents and children, as well as aiming to provide affordable tuition for anyone wishing to learn how to play a musical instrument. The recent acquisition of musical instruments donated by Milton Keynes Education Services, will help these projects come to fruition.
The Charity aims to increase usage which will enable a surplus of funds, which in turn will allow additional staff to be employed, providing a greater opportunity for increased opening hours and further projects for our community.
The building repairs and refurbishment will continue well into the future to ensure that the premises remain safe, secure and aesthetically pleasing for all users.
Digital improvements will include rolling out the new website and introduction of online payments.
6
Financial Review
Review of the financial year to 31 March 2022 shows the Project generated income of £38,540 which comes from a range of different sources:
- Earned income through room rental, rehearsals and recording, and café sales
- Fundraised income, including donations
• Public grants, including HMRC Job Retention and Gateshead Council and Government Covid Grants
The financial position for the year shows net incoming funds of £39,040 (2021:£50,906) and total outgoing resources of £53,391 (2021: £57,908) which, with the balance from 2021 of £43,391 leaves funds of £29,040 of which £7,159 is restricted. This leaves unrestricted funds of £21,881.
7
5. Statement of Trustee Responsibilities
The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity SORP requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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.
Approved by the Trustees on 15.02.2023 and signed on their behalf by:
Justin Hancock
Chair
8
## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 March 2022
I report on the financial statements of The Soundroom Community Music Project for the year ended 31 March 2022, which are set out on pages 9 to 20.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- h examine the accounts under section 145 of the Charities Act,
- h to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- h to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- h the accounting records were not kept in accordance with section 130 of the Charities Act; or
- h the accounts did not accord with the accounting records; or
- h the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Julie Eastlake Connected Voice Business Services Ltd One Strawberry Lane Newcastle upon Tyne NE1 4BX Date: 16.02.2023
9
## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the year ended 31 March 2022
**----- Start of picture text -----**
Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Donations and legacies 6 2,340 - 2,340 662
Charitable activities 7 23,697 13,003 36,700 50,244
Total income 26,037 13,003 39,040 50,906
Expenditure on:
Charitable activities
Operation of the charity 8 8,777 44,613 53,391 57,908
Total expenditure 8,777 44,613 53,391 57,908
Net income/(expenditure) 17,259 ( 31,610 ) ( 14,351 ) ( 7,002 )
Transfers between funds ( 9,539 ) 9,539 - -
Net income/(expenditure) and net
7,720 ( 22,071 ) ( 14,351 ) ( 7,002 )
movement of funds
Reconciliation of funds
Total funds brought forward 14,161 29,230 43,391 50,393
Total funds carried forward 21,881 7,159 29,040 43,391
Notes
**----- End of picture text -----**
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 12 to 20 form an integral part of these accounts.
10
Charity Number 1157494
## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **BALANCE SHEET**
As at 31 March 2022
|**Current assets**
Cash at bank and in hand
15
Debtors control account
16
**_Total current assets_**
**Creditors:**amounts falling due within
one year
17
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
31,009
20
**31,029**
**( 1,989 )**|**Total**
**2022**
**£**
**29,040**
**29,040**
**29,040**
21,881
7,159
**29,040**|**£**
44,328
**44,328**
**( 937 )**|**Total**
**2021**
**£**
**43,391**
**43,391**
**43,391**
14,161
29,230
**43,391**|
|---|---|---|---|---|
The notes on pages 12 to 20 form an integral part of these accounts. These financial statements were approved by the Board on: 15.02.2023 and are signed on its behalf by: Justin Hancock Trustee
11
## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 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:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Soundroom Community Music Project meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic, the trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability.
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
## 3.4 **Volunteer help**
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
12
## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 3.5 **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## 3.6 **Income from membership subscriptions**
Membership subscriptions received in the nature of a gift are recognised in donations and legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
## 3.7 **Investment gains and losses**
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## 3.8 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
All expenditure is accounted for on an accrual baisis. Expenditure on charitable activities includes the costs of music activities and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
13
## **THE SOUNDROOM COMMUNITY MUSIC PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 4.6 **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## 4.6 **Pensions**
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a reducing balance basis:
The Charity currently has no tangible fixed assets over £1,000.
14
## **The Soundroom Community Music Project**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Analysis of income**
|6
7|**Donations and legacies**
**Charitable activities**
Grant income
GMBC - Covid Recovery
HMRC CJRS Grant
Sir James Knott
GMBC - Capacity Building
Fund
Bensham & Saltwell Princes
Trust
Tesco - Groundwork UK
Arnold Clark
Lady Skinners NAV Grant
Rothley Trust
Newcastle CC - Energy Saving
Other
Other income
Rehearsal
Recording
Refreshments
Other Income
Earned Income - Room Hire
Earned Income - Room Hire
Community Groups
Merchandise
Equipment Hire
Sales
Donations
D'Oyly Carte
Community Foundation
NAREC
National Lottery
St Chads - Covid Recovery Digital
- Community Infrastructure Levy
- Akzo Nobel International Paint
Rent/Storage
St Chads - Community Youth Group
St Chads - Community Princes Trust|Unrestricted
Funds
£
2,340
2,340
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,000
8,713
2,255
145
704
2,899
120
572
190
10
88
23,697|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
150
200
2,000
2,667
100
1,000
750
500
900
4,736
-
-
-
-
-
-
-
-
-
-
13,003|**Total**
**2022**
**£**
**2,340**
**2,340**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**150**
**200**
**2,000**
**2,667**
**100**
**1,000**
**750**
**500**
**900**
**4,736**
**8,000**
**8,713**
**2,255**
**145**
**704**
**2,899**
**120**
**572**
**190**
**10**
**88**
36,700|Total
2021
£
662
662
4,404
1,561
3,350
21,885
10,825
1,079
1,903
1,628
-
-
-
-
-
-
-
-
-
-
250
749
178
427
38
1,967
-
-
-
-
-
50,244|
|---|---|---|---|---|---|
Income was £39,040 (2021: £50,906) of which £26,037 was unrestricted or designated (2021: £36,731) and £13,003 was restricted (2021: £14,175).
15
## **The Soundroom Community Music Project**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Analysis of expenditure on charitable activities**
|8|**_Charitable activities_**
Direct costs
Project staff
Management staff costs
Training
Project costs
Volunteer expenses
Support costs
Rent & Utilities
Equipment
Cleaning
Insurance
Bank charges
Licenses
Sundry expenses
Café Costs
Purchases
Governance costs
Independent examiner's fees for reporting on
the accounts
Security
Other professional services
Maintenance and repairs
Telephone and IT|Unrestricted
Funds
£
176
( 459 )
-
187
-
3,727
560
520
627
777
120
729
77
-
65
147
-
580
944
8,777|Restricted
Funds
£
13,121
3,210
-
597
-
277
-
414
25,530
494
318
-
2
-
-
-
579
-
72
44,613|**Total**
**2022**
**£**
**13,297**
**2,751**
**-**
**784**
**-**
**4,004**
**560**
**933**
**26,157**
**1,272**
**438**
**729**
**79**
**-**
**65**
**147**
**579**
**580**
**1,016**
**53,391**|Total
2021
£
604
26,079
175
2,163
95
3,488
499
1,132
17,704
310
1,820
497
7
340
-
-
-
552
2,444
57,908|
|---|---|---|---|---|---|
Expenditure on charitable activities was £53,391 (2021: £57,908) of which £8,777 was unrestricted or designated (2021: £44,390) and £44,613 was restricted (2021: £13,518)
16
## **The Soundroom Community Music Project**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 9 **Fees for examination of the accounts**
|Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts|**2022**
**£**
**580**
**808**
**1,388**|2021
£
552
2,540
3,092|
|---|---|---|
## 10 **Analysis of staff costs and the cost of key management personnel**
|Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)|**2022**
**£**
**15,932**
**84**
**31**
**16,047**|2021
Restated
£
25,021
1,295
367
26,683|
|---|---|---|
Salaries have been corrected for adjustment to the balance sheet holding account b/f 2021 No employee received remuneration above £60,000 (2021: nil)
The key management personnel of the charity, comprise the trustees. The total benefits of the key management personnel of the charity were £0 (2021: £0).
## 11 **Staff numbers**
The average monthly head count was staff (2021: 2 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|Charitable activities
The parts of the charity in which the employee's work|**2022**
**Number**
**1.0**
**1.0**|2021
Number
1.0
1.0|
|---|---|---|
## 12 **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £31 (2021: £367).
## 13 **Transactions with trustees**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (2021: £nil).
## **Trustees' expenses**
No trustee expenses have been incurred in the year.
17
## **The Soundroom Community Music Project**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
## 14 **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
## 15 **Cash at bank and in hand**
|Cash at bank and in hand
16 **Debtors (due within 1 year)**
Debtors
17
Accruals
Independent examination of accounts
Other creditors
**Creditors and accruals (payable within 1 year)**
Other tax and social security|**2022**
**£**
**31,009**
**31,009**
**2022**
**£**
**20**
**20**
**2022**
**£**
**399**
**1,132**
**458**
**1,989**|2021
£
44,328
44,328
2021
£
-
-
2021
£
-
552
385
937|
|---|---|---|
## 18 **Events after the end of the reporting period**
No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
## 19 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
|**Unrestricted funds**
General unrestricted fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
14,161
14,161|**Incoming**
**resources**
£
26,037
26,037|**Resources**
**expended**
£
( 8,777 )
( 8,777 )|**Transfers**
£
( 9,539 )
( 9,539 )|**Fund**
**balances**
**carried**
**forward**
**£**
**21,881**
**21,881**|
|---|---|---|---|---|---|
## **Purpose of unrestricted funds**
General unrestricted fund The 'free reserves' of the charity
18
## **The Soundroom Community Music Project**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 20 **Analysis of movement in restricted funds**
|**Restricted funds**
Awards 4 All
Building Maintenance
Community Foundation
- Performing Arts
- Community Infrastructure
Levy
- Akzo Nobel International
Paint
- Gateshead Thrive
D'Oyly Carte
Foyles Foundation
Hadrian
Local Giving
NAREC
National Lottery
St Chads - Covid Recovery
Digital
St Chads - Stage School
Warburtons Community Grants
WH Smith Trust
St Chads - Community Youth
Group
St Chads - Community Princes
Trust
Sir James Knott
GMBC - Capacity Building Fund
Bensham & Saltwell Princes
Trust
Tesco - Groundwork UK
Arnold Clark
Lady Skinners NAV Grant
Newcastle City Council
Rothley Trust
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
6,009
1,615
1,661
1,557
811
8,625
3,350
790
80
8
-
( 135 )
1,089
3,320
250
200
-
-
-
-
-
-
-
-
-
29,230|**Incoming**
**resources**
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
150
200
2,000
2,667
100
1,000
750
500
4,736
900
13,003|**Resources**
**expended**
£
( 6,009 )
( 310 )
( 675 )
( 1,591 )
( 80 )
( 8,625 )
( 3,350 )
( 3,210 )
( 80 )
( 8 )
-
( 196 )
( 1,011 )
( 212 )
( 250 )
( 200 )
-
-
( 2,141 )
( 8,756 )
-
( 1,000 )
( 803 )
-
( 4,736 )
( 1,371 )
( 44,613 )|**Transfers**
£
-
-
-
-
34
-
-
-
2,420
-
-
-
331
-
-
-
-
-
-
141
6,089
-
-
53
-
-
471
9,539|**Fund**
**balances**
**carried**
**forward**
**£**
**-**
**1,305**
**986**
**-**
**732**
**0**
**-**
**-**
**-**
**-**
**-**
**-**
**78**
**3,108**
**-**
**-**
**150**
**200**
**-**
**-**
**100**
**-**
**-**
**500**
**-**
**-**
**7,159**|
|---|---|---|---|---|---|
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Awards 4 All Building Maintenance Catherine Cookson
To fund the Community program.
To fund building maintenance. To fund a new carpet for the community room space.
Community Foundation-
- Performing Arts
- Community Infrastructure Levy
- Akzo Nobel International Paint
- Gateshead Thrive
D'Oyly Carte
To fund an after school music, dance and drama club for children aged 5- 11.
To fund the refurbishment of the basement into an additional space for community use.
To fund digital equipment for live music and workshop streaming to reach out to the most vulnerable customers.
To fund business review planning, capacity building and development work across the charity.
To fund youth music sessions and equipment for economically disadvantaged children in the area.
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## **The Soundroom Community Music Project**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Purpose of restricted funds** continued
|Foyles Foundation|To fund costs towards the post of a Youth and Community|Manager role.|
|---|---|---|
|GMBC - Capacity Building Fund|To fund charity development works.||
|Hadrian|To fund equipment for Early Years Music group.||
|HMRC CRS Grant|To fund the retention of staff during the Covid pandemic.||
|Local Giving|To fund tea dances.||
|NAREC|To fund green energy improvement with LED lighting.||
|National Lottery|||
|St Chads - Covid Recovery|To fund Covid business recovery and performance costs.||
|Digital|||
|St Chads - Stage School|To fund an after school music, dance and drama club for children aged 5-||
||11.||
|Warburtons Community Grants|To fund afterschool theatre and performing arts group equipment and end||
||of term party for local children.||
|WH Smith Trust|To fund new and replacement music project equipment.||
|St Chads Community Princes|Prince's Trust Volunteering Project||
|Trust|||
|Sir James Knott|Urgent Buidling upgrades||
|Bensham & Saltwell Princes|Cost of Protective equipment and decorative item||
|Trust|||
|Tesco - Groundwork UK|Building Improvements and project equipment||
|Arnold Clark|Project equipment||
|Lady Skinners NAV Grant|Youth Music equipment||
|Rothley Trust|Energy Efficiency building improvements||
|**Transfers between funds**|||
||**Reason for transfer**|**Amount**|
|||**£**|
|All restricted fund transfers|To cover restricted fund deficits|**9,539**|
- 21 **Capital commitments**
As at 31 March 2022, the charity had no capital commitments (2021 -£nil)
## 22 **Guarantee**
There have been no guarantees given by the charity at 31 March 2022.
## 23 **Debt**
There is no debt outstanding which is owed by the charity and which is secured by an excess charge on any of the assets of the charity at 31 March 2022.
## 24 **Governing document**
The organisation is a Charitable Incorporated Organisation - Foundation registered on 17 June 2014 as a body corporate under part 11 of the Charities Act 2011.
20