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← Sound Foundation Community Care

2024-09-30-accounts

Charity Number: 1160449 Company Number: 09400037

SOUND FOUNDATION COMMUNITY CARE

A Company Limited by Guarantee

TRUSTEES' REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

SOUND FOUNDATION COMMUNITY CARE

CONTENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page
Trustees' report 1–12
Independent Examiner’s report 13
Statement of financial activities 14
Balance sheet 15
Notes to the accounts 16 - 21

TRUSTEE ANNUAL REPORT Sound Foundation Community Care

Trustee Annual Report and Financial Statement 1st October 2023 - 30th September 2024

1

REFERENCE AND ADMINISTRATION DETAILS:

Charity Name Sound Foundation Community
Care
Charity Number 1160449
Company Number 09400037
Registered Office The Sound Training Centre
Bull's Quarries Road,
Tytherington, Frome,
Somerset, BA11 5BW
Trustees / Directors Ms. Monica Gillooly Chair
Ms. Dragana Brown
Dr. Jane Keep
Mr. Stephen Anderson Treasurer
Mrs. Amita Khurana (Until Nov 2024)
Independent Examiners TC Group
The Courtyard, Shoreham Road, The Courtyard, Shoreham Road,
Upper Beeding, Steyning,
West Sussex, BN44 3TN
Bankers Co-operative Bank,
Skelmersdale, WN8 6WT
Solicitors Russell-Cooke LLP
2 Putney Hill, Putney,
London, SW15 6AB

2

SOUND FOUNDATION COMMUNITY CARE (SFCC) is a Charitable Trust incorporated on 21st January 2015 as a company limited by guarantee with company number 09400037 and registered as a charity with charity number 1160449.

The Board of Trustees is pleased to present its nineth annual report incorporating the directors’ report and independently examined financial statements of the Charity for the period ended 30th September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the financial statements and comply with the Charity's governing instruments, the Charities Act 2011, the Charities SORP (FRS102) 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).

1. OUR COMMITMENT TO COMMUNITY AND PUBLIC BENEFIT

SFCC supports a diverse range of community health, education, and social care initiatives to people of all ages. In line with the Charity's stated objectives, we aim to deliver all of our services in close partnership with the communities we serve.

Based on the Trustee membership and a voluntary team, the charity provides events and services from a range of community settings in the Frome area including our community conference Centre in Tytherington, Somerset. We have worked to consolidate and expand our volunteer work around the country, as part of our commitment to serve the wider community with a steadily building national focus. Our Charitable Activity Co-ordination involves the trustees, other volunteers, and communities to continuously expand our charitable activity across the UK.

During this reporting period Trustees have continued to adjust and manage the Charity running activities and taking into account the rising costs in the UK and with financial due diligence and prudence.

2. STRUCTURE, GOVERNANCE AND MANAGEMENT

2.1 Organisation and Structure

SFCC is a company limited by guarantee and run by a Board of 4 Trustees, governed by Articles of Association.

2.2 Recruitment and appointment of Trustees

As per the SFCC governing document, the board may appoint trustees at any time at a meeting or in writing, refer governing document Articles of Association 25.1.

During the period 1st October 2023 to 30th September 2024 there were no changes in trustees.

Amita Khurana offered her resignation on 24th November 2024..

2.3 Standards of Trustee Management of the Charity

All Trustees are equally responsible for the general control, management, and strategic direction of the Charity, with activities founded on a Trustee Code of Conduct. They communicate on a regular basis throughout the year, holding formal Trustee meetings, the minutes of which are distributed to all Trustees. None of the Trustees receive any financial remuneration whatsoever for their time.

The Trustees are required to familiarise themselves with the scope of their individual responsibilities under the Charities Act and to conduct their responsibilities with the Charity in line with best practice for Charity Trustees as well as to always act within the scope of SFCC Policies.

The Trustees operate with diligence, integrity and transparency and recognise their responsibilities for the way in which they manage conflicts of interest and comply with all the obligations and public benefit requirements of the Charity Commission, and as such, all trustees are asked to sign a Trustee Code of Conduct declaration.

3

Trustees continue to review and assess, on an on-going basis, the following implemented governance standards for SFCC:

Service Principles

  1. SFCC will shape its services in response to the needs of our 6 Key Interest Groups (see 3.2)

  2. SFCC will work continuously to improve the quality of services

  3. SFCC will work to ensure shared activity with communities and to enhance potential for the implementation of our charitable activities and grants

2.4 Risk management

As part of its due process, the Trustees have managed the financial and operating risks of the Charity as a continuous improvement process, to include the ongoing review and update of the risk register. The Trustees have identified and recorded a range of risks and continued to maintain close relationships with external professional advisers. The Charity and its Trustees ensure on-going compliance with any government directives and or restrictions, continual communication and support with all users and volunteers as required and on-going financial review and support as needed.

The Charity's Sound Training Centre in Tytherington continues to be used for charitable activities in support of the local, regional, and national community.

The Trustees manage the Charity’s income in the most prudent way. We retain some reserves and have built up a fund to cover approximately 5 months running expenses and an allowance for maintenance works. During this reporting period the focus has been on ensuring all financial outlays are streamlined, reducing any unnecessary costs.

Overall, the Charity maintains adequate cash balances and is debt free. All commitments involve detailed scrutiny, and the Trustees apply a rigorous approach to the Reserves Policy and cash management.

2.5 Insurance

The Charity's insurance is reviewed annually and meets in full all requirements and recommendations under the insurance companies “risk improvements” arrangements. The Charity has public liability insurance cover in place and all insurances appropriate to its planned activities.

3. OBJECTIVES AND ACTIVITIES

3.1 Summary of Purpose

The objects of the Charity are for public benefit and are set out in the Charity's Articles of Association:

The Charity works to fulfil its objects and commitments to public benefit through six key interest groups:

3.2 Our Six Key Interest Groups

  1. Health and Well-being

  2. Sound Healing

  3. Aged Care 4. Youth

  4. Education

  5. Groups experiencing Social and/or Economic Disadvantage

4

Our grant making policy continues to ensure that grants are directed towards needs that are identified within these six key interest groups. The grant policy remains an essential aspect of the Charity's good governance in the way in which the Board assesses and approves applications for grants from the community.

3.3 Our five Key Objectives

SFCC's objectives are designed to reflect our community aim, our emphasis on community care and our commitment to meeting and exceeding our public benefit requirements:

  1. Promote the use of the Sound Training Centre for charitable benefit for and by the local and wider community in accordance with the Charity's charitable objects

  2. Raise donations to be held in the Charity for the purpose of grants and support for charitable activities

  3. Grant support to community activities at the Sound Training Centre in accordance with the Charity's charitable objects

  4. Sponsor sound healing and community care events in and for the local and wider community

  5. Manage the Sound Training Centre to ensure its on-going sustainability in maintaining the Charity's charitable activities, in accordance with the Charity Commission's guidance

The Trustees will continue to review the objectives and activities on an annual basis to ensure they continue to reflect the aims of SFCC.

3.4 Our Strategies

The strategies operated by the Board of Trustees include:

4. ACTIVITIES AND ACHIEVEMENTS

4.1 How our activities deliver public benefit

The Board of Trustees has again continued its focus on and commitment to delivering public benefit, highlighted here in the following Review of Activities.

4.2 Review of Activities

The Charity continues to acknowledge the importance of the public attendance and purpose of use of the Sound Training Centre facilities.

The Charity has continued to satisfy those measures by which the activity of the Charity is held accountable, in line with the Charity's aim to achieve its objectives:

5

Promote the use of the Sound Training Centre for charitable benefit for and by the local and wider community in accordance with the Charity's charitable objects.

Raise donations to be held in the Charity for the purpose of grants and support for charitable activity.

Grant support to community and well-being activities countrywide and at the Sound Training Centre in accordance with the Charity's charitable objects.

The various sponsored events mentioned in the following section, which highlight the sponsorship of sound healing and community care events in and for the local and wider community, encompassing one or more of our 6 key areas of public benefit.

Sponsor sound healing and community care events in and for the local and wider community:

Manage the Sound Training Centre to ensure its on-going sustainability in accordance with the Charity Commission's guidance on charitable activities.

Key to Public Benefit Areas - Our Six Key Interest Groups

  1. Health and Wellbeing

  2. Sound Healing

  3. Aged Care

  4. Youth

  5. Education

  6. Groups experiencing Social and/or Economic Disadvantage

6

Summary of Activities: 01 October 2023 to 30 September 2024
Date or
event/grant		 # Activity/Grant Details Purpose of
activity or
grant		 Public
Benefit		 Location of event
or Location of
Grant		 Grant or Event
Application / Date
Received		 Approved Y/N &
Date Approved		 Review
Report/Outcome
& Date Received		 Notes
Ongoing 1 Staff and Patient
Visiting Volunteering
Project		 Supporting staff
and patients in 1
NHS hospital		 1, 3, 6 Wiltshire Hospital No–Ongoing activity Yes Yes
October 2024		 Activity on-going and
includes various activities
Ongoing 2 Interactive Singing Singing in care
homes for
elderly residents		 1, 2, 3 2 care homes in
Wiltshire
2 care homes in
Surrey		 No–ongoing
voluntary activity		 Yes Yes
October 2024		 Ongoing activity
Ongoing 3 Staff and Patient
Visiting Volunteering
Project		 Supporting staff
and patients in 1
NHS hospital		 1, 3, 6 Somerset Hospital No–ongoing activity Yes Yes
October 2024		 Ongoing activity
Ongoing 4 Staff and Patient
Visiting Volunteering
Project		 Supporting staff
and patients in 1
NHS hospital		 1, 3, 6 Greater London
Hospital		 No–ongoing activity Yes Yes
October 2024		 Ongoing activity
Ongoing 5 Volunteering in schools Volunteering in
4 schools		 1, 4, 5 3 in Wiltshire, 1 in
Somerset		 No–ongoing activity Yes Yes
October 2024		 Ongoing activity
Ongoing 6 Regular Volunteering Volunteer-
support at local
hospital		 1, 3, 6 Oxfordshire
Hospital		 No–ongoing activity yes Yes
October 2024		 Volunteering.

7

Ongoing 7 Regular Volunteering
Weekly sessions		 Volunteer-
support at local
hospice		 1, 3, 6 Oxfordshire
Hospice		 No–ongoing activity Yes Yes
October 2024		 Volunteering continues
monthly at weekends.
Oct–Dec
2023		 8 Regular Volunteering
Weekly sessions		 Volunteer-
support at local
hospital		 1, 3, 6 Greater London No–ongoing activity Yes Yes
October 2024		 Volunteering at that
hospital concluded in
December 2023.
March 2024 9 Grant for
Furnishing for Breast
Feeding / Lactation
Room for Hospital
Staff		 Grant 1 Greater London
NHS Hospital		 Yes,
December 2023		 Yes,
January 2024		 Yes
March 2024		 SFCC purchased all the
equipment which was
delivered to the hospital.
Sept 2024 10 Grant for
Accessible outdoor
seating (benches) for
Hospital Staff
Providing seating to
support staff during
their shift breaks.		 Grant 1 SW England NHS
Trust		 Yes,
August 2024		 Yes,
September 2024		 Yes
October 2024		 Funds transferred to NHS
Trust Charity who
purchased the equipment
and supplies directly.

8

Summary of Room Hire from October 2023 to September 2024
Date No Hirer Reason for Hire Public Benefit
Oct 2023
~~ee~~		 1
~~ee~~		 Private Business
~~ee~~		 Meeting re; workshop on
therapeutic benefits of herbs &
spices		 1,5
Nov 2023
~~ee~~		 2
~~ee~~		 Private Individuals
~~ee~~		 Wedding (2.5 days) 1,2
Nov 2023
~~ee ~~
~~ee~~		 3
~~ee~~
~~ee~~		 Private Business
~~ee~~		 Wellbeingworkshop (Weekend) 1,2,5
Dec 2023
~~ee~~		 4
~~ee~~		 Private Business Life coaching workshop on wellbeing
(3 days)		 1,2,5
Jan 2024 5 Private Business Life coaching workshop on wellbeing
(3 days)		 1,2,5
Jan 2024 6 Private Business Wellbeingworkshop (3 days) 1,2,5
Mar 2024
~~ee~~
~~ee~~		 7
~~ee~~
~~eG~~		 Private Business
~~ee~~
~~eG~~		 Herbs and Spices Weekend
workshop
~~ee~~
~~eG~~		 1,5
~~ee~~
~~eG~~
March 2024
~~ee~~		 8
~~eG~~		 Private Individual
~~eG~~		 Drum event(Weekend)
~~eG~~		 1,2,4,5
~~eG~~
April 2024
~~ee~~		 9
~~eG~~		 Catering Company
~~eG~~		 Kitchen Hire for Film shoot
@Longleat(4 days)
~~eG~~		 1
~~eG~~
Thursdays &
Sundays
(from May
2024)		 10 Table Tennis Organisation Local Table tennis club practice and
competition–On-going		 1,5
May 2024
~~ee~~		 11
~~ee~~		 Private Individual
~~ee~~		 Workshop for youth on beauty and
care		 1,4,5
July2024
~~ee~~
~~ee~~		 12
~~ee~~
~~eG~~		 Private Business
~~ee~~
~~eG~~		 Wellbeingworkshop (3 days)
~~eG~~		 1,5
~~eG~~
Sep2024
~~ee ~~
~~ee~~		 13
~~ee~~
~~eG~~		 Educational Institution
~~ee~~
~~eG~~		 School for children in need meeting
~~eG~~		 1,4,5
~~eG~~
Sep2024
~~ee~~
~~ee~~
~~ee~~		 14
~~eG~~
~~ee~~
 Private Business
~~eG~~
~~eG~~
~~(~~
 ElderlyCare Workshop (2 days)
~~eG~~
~~eG~~
~~(~~
 1,3,5
~~eG~~
~~eG~~
Sep2024
~~ee~~
~~ee~~		 15
~~ee~~
 Private Individual
~~ee~~
~~(~~
 Music workshop (2 days)
~~ee~~
~~(~~
 1,2,4,5
~~ee~~
Sep2024
~~ee~~		 16
~~eG~~		 Private Individual
~~(~~
~~eG~~		 Takingcare in elder age workshop
~~(~~
~~eG~~		 1,3,5
~~eG~~

9

5. Partnership Development and Performance Review

In developing and sponsoring community programmes and partnerships in the areas of Health, Education and Community the Charity have an ongoing process to review the success of our initiatives. Progress and outcomes of all our work and sponsorship commitments are reviewed at Trustee meetings.

– We have continued to receive positive feedback from our grant recipients for example:

6. FINANCIAL REVIEW

6.1 Summary

The Trustees are pleased to report the financial results for the Charity for the twelve months to 30th September 2024.

The income for the year was £158,824 (was £118,798 in 2023). This included donated services and facilities that amounted to £8,738.

Costs have been closely monitored and controlled during the period. Excluding depreciation, the expenditure was £164,234 (was £125,691 in 2023), and the annual depreciation was £50,163, resulting in total costs of £214,517 (was £173,688 in 2023).

The result is the charity is showing a net loss before depreciation of £5,530 (was £6,894 in 2023) and a net expenditure of £55,693 (was £54,890 in 2023) including depreciation.

6.2 Reserves

As stated earlier, the Trustees take a prudent approach to the management of the finances and assessment of the Charity's financial obligations. Budgets are prepared and updated regularly to assess the needs of the Charity.

Using the experience of several years of operating the Sound Training Centre, with adjustments based on regular reviews, the Trustees have identified that the level of reserves should cover approximately 5 months operating expenses, excluding depreciation, and an allowance for maintenance works.

Free reserves on 30th September 2024 are £186,558 compared to £206,703 on 30th September 2023. This represents over 12 months of operating expenses excluding depreciation therefore the trustees are confident that the reserves policy is being met.

6.3 Principal Funding Sources

SFCC seeks funds from a range of sources to enable it to meet the needs presented by ongoing operational costs, as well as funds for its current and potential beneficiaries. Private donations from supporters, continue to be the principal source of our funding throughout this period, with donations increasing year on year. The Trustees have ensured on-going communication with all supporters during this reporting period.

The Trustees continue in promoting the use of the Sound Training Centre facilities as an overall Charity objective and hiring activities have been steady year on year. Trustees continue to actively monitor expenses and supported on-going hirers and are pleased to see an increase in new and repeat hirers. All monies arising from hire of the conferencing facilities are directed back into support of existing and future charitable activities.

10

Other Donated Services and Facilities and Donations in Kind

SFCC is fortunate to have volunteers who give of their time freely, such that services that would normally have to be paid for are being given at no cost to the Charity.

The Trustees have estimated the total value of these donated services and facilities and donations in kind to be £8,738 made up as to:

6.5 Investment Policy and Objectives

The Charity retains cash in a deposit account for immediate access. It does not hold any long-term investments.

6.6 Restricted Funds

The Charity does not have any restricted funds.

7 PLANS FOR THE FUTURE

7.1 Strategic Direction

The SFCC will continue to work with the local and wider community by maintaining focus and delivery on our six key objectives (3.3) through our six key interest groups (3.2).

The Befriending and Patient Visiting volunteer programme operates within 10 organisations consisting of 4 hospitals and 2 hospices, with volunteers also volunteering in 4 schools.

An on-going interactive singing programme operates across 4 aged care homes.

We have seen increased volunteer activity, with new volunteers coming on-board to support in the on-going building maintenance, and deep cleaning days.

The quality of the relationships built between SFCC and all the SFCC volunteers, and staff, patients, and carers where activities take place, has provided a foundation for the on- going success of SFCC and it’s running of events and programmes. The relationships SFCC have built with our volunteers and volunteer organisations stand the Charity in good stead and are continually attended to; with on-going check-ins with volunteers and updates provided by volunteers on their charitable activities. This will continue to be a key focus of the Charity.

SFCC have built good relationships with organisations who have applied for a grant, in particular healthcare organisations, whereby SFCC trustees support grant enquiries including supporting their application via SFCC grant application forms. This will also continue to be a focus of the Charity, particularly as these grants have received exceptionally good feedback on how beneficial they have been to those organisations who have applied for them.

The Charity will continue to offer grants for public benefits and continue to support communities both locally and nationally, including online programme activities.

11

8. TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The Trustees, who are also directors of Sound Foundation Community Care for the purposes of company law, are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the Charity enabling them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011 and the provisions of the Charity deed. They are responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud as well as any other irregularities.

In so far as the trustees are aware:

AND

INDEPENDENT EXAMINERS

The independent examiners, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by the Trustees on their behalf by:

Monica Gillooly, Chair, Trustee

30[th] June 2025 Date

~~atiphen anduson~~ Stephen Anderson, Treasurer, Trustee

30[th] June 2025 Date

12

SOUND FOUNDATION COMMUNITY CARE

INDEPENDENT EXAMINER ’ S REPORT

TO THE MEMBERS OF SOUND FOUNDATION COMMUNITY CARE

I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 30 September 2024.

Responsibilities and basis of report

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

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

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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 applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Mark Cummins FCCA FCIE for and on behalf of

TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN

Dated: 30 June 2025

13

SOUND FOUNDATION COMMUNITY CARE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Total Total
2024 2023
Notes £ £
Income from:
Donations and legacies 3 126,884 90,154
Other trading activities 4 29,913 27,977
Investment income 5 2,027 667
─────── ───────
Total income 158,824 118,798
─────── ───────
Expenditure on:
Raising funds - 7,347
Charitable activities 214,517 166,341
─────── ───────
Total expenditure 6 214,517 173,688
─────── ───────
Net expenditure and movement in funds (55,693) (54,890)
─────── ───────
Reconciliation of funds
Total funds brought forward 2,027,291 2,082,181
─────── ───────
Total funds carried forward 1,971,598 2,027,291
════════ ════════

There are no recognised gains or losses other than those reported on the Statement of Financial Activities. All activities are classed as continuing. All activities and funds in the current and prior year were unrestricted.

14

SOUND FOUNDATION COMMUNITY CARE

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 10 1,785,040 1,820,588
Current assets
Debtors 11 9,309 9,820
Cash at bank and in hand 191,152 205,206
──────── ────────
200,461 215,026
Creditors: amounts falling due
within one year 12 (13,903) (8,323)
──────── ────────
Net current assets 186,558 206,703
──────── ────────
Total assets less current liabilities 1,971,598 2,027,291
──────── ────────
Net assets 1,971,598 2,027,291
════════ ════════
The funds of the charity
Unrestricted funds 1,971,598 2,027,291
════════ ════════

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

For the financial year in question the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.

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

30th June 2025

The accounts were approved by the Board on .........................

Ms M Gillooly (Chair) – Trustee Mr S Anderson – Trustee

Company number 09400037 Charity number 1160449

15

SOUND FOUNDATION COMMUNITY CARE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Legal Status

Sound Foundation Community Care is a charitable company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office address can be found on the legal and administration page.

2 Accounting policies

2.1 Basis of preparation

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.

Sound Foundation Community Care 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). There are no material uncertainties about Sound Foundation Community Care ’ s ability to continue as a going concern.

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

2.2 Cash Flow Statement

In accordance with Section 7 of FRS 102 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of its size.

2.3 Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

2.4 Expenditure

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

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity.

16

SOUND FOUNDATION COMMUNITY CARE

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2 Accounting Policies

(continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised at cost and depreciated over their estimated useful economic life on a reducing balance basis as follows:

Asset category Depreciation rate Freehold Property (Land) Not depreciated Freehold Property (Building) 2% on a straight line basis Fixtures, Fittings & Equipment 25% on straight line basis

2.6 Fund Accounting

– Unrestricted general funds these are funds which can be used in accordance with the charitable objects at the discretion of the trustees and which have not been designated for other purposes.

Designated funds comprise of general funds set aside by the trustees for specific purposes.

2.7 Taxation

As a charity, Sound Foundation Community Care is exempt from tax on income and gains to the extent that these are applied to its charitable objects.

2.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

2.9 Debtors

Debtors are recognised at the settlement amount due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

2.11 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

17

SOUND FOUNDATION COMMUNITY CARE

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

3 Donations and legacies

3 Donations and legacies
2024 2023
£ £
Donations 78,794 65,592
Gift aid 8,851 7,695
Grants - Heating 30,501 4,237
Donated services and facilities 8,738 8,271
Fundraising events - 4,359
──────── ────────
126,884 90,154
════════ ════════
4 Other trading activities
2024 2023
£ £
Catering facilities hire 3,025 2,042
Dormitories 2,138 -
Small room hire 5,837 6,638
Pool hire 11,330 11,073
Conference room hire 7,583 8,224
────── ──────
29,913 27,977
══════ ══════
5 Investment income
2024 2023
£ £

Bank interest		 2,027 657
Other interest - 10
────── ──────
2,027 667
══════ ══════

18

SOUND FOUNDATION COMMUNITY CARE

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Expenditure
2024 2023
£
Raising funds
Charitable events costs - 7,347
────── ──────
- 7,347
Charitable activities
Donations 8,825 10,940
Depreciation 50,163 47,996
Support costs 148,953 101,163
Dormitories costs 208 -
Finance costs 30 30
Governance costs 6,338 6,212
─────── ───────
214,517 166,341
─────── ───────
Total expenditure 214,517 173,688
═══════ ═══════

Included in governance costs is independent exam fees totalling £2,500 (2023: £2,500).

Support costs include overhead costs of running the charity’s building, including rates, insurance, heating, power and repairs.

7
Net expenditure
Net expenditure is stated after charging:
2024 2023
£ £
Depreciation–owned assets 50,163 47,996
═══════ ═══════
8
Comparative funds– Statement of Financial		 Activities for year ended 30 September 2023
Total
Notes 2023
Income from: £
Donations and legacies 3 90,154
Other trading activities 4 27,977
Investment income 5 667
────────
Total income 118,798
────────
Expenditure on:
Raising funds 7,347
Charitable activities 166,341
────────
Total expenditure: 6 173,688
────────
Net expenditure and movement in funds (54,890)
────────
Reconciliation of funds
Total funds brought forward 2,082,181
────────
Total funds carried forward 2,027,291
════════

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SOUND FOUNDATION COMMUNITY CARE NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

9 Trustees

The charity is under the control of the Trustees. None of the trustees (nor any persons connected with them) received any remuneration during the year (2023: £nil). None of the trustees received any expenditure reimbursements during the year (2023: none).

10 Tangible fixed assets

10 Tangible fixed assets
Fixtures,
Freehold Fittings &
property Equipment Total
£ £
Cost
At 1 October 2023 2,178,045 80,405 2,258,450
Additions - 14,615 14,615
─────── ─────── ───────
At 30 September 2024 2,178,045 95,020 2,273,065
─────── ─────── ───────
Depreciation
At 1 October 2023 369,921 67,941 437,862
Charge for the year 44,194 5,969 50,163
─────── ─────── ───────
At 30 September 2024 414,115 73,910 488,025
─────── ─────── ───────
Net book value
At 30 September 2024 1,763,930 21,110 1,785,040
═══════ ═══════ ═══════
At 30 September 2023 1,808,124 12,464 1,820,588
═══════ ═══════ ═══════
11 Debtors
2024 2023
£ £
Trade debtors - 370
Other debtors 6,251 5,647
Prepayments and accrued income 3,058 3,803
────── ──────
9,309 9,820
══════ ══════
12 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,927 2,162
Accruals and deferred income 4,743 6,161
Other creditors 233 -
──────
──────
13,903 8,323
══════
══════

20

SOUND FOUNDATION COMMUNITY CARE

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

13 Related party disclosures

Trustee Amita Khurana was invoiced a total of £1,158 (2023: £1,326) for use of facilities at the Sound Training Centre. The amount paid including VAT was £1,390 (2023: £1,591).

Donations from trustees and related parties, with no conditions attached, totalled £480 (2023: 730).

14 Ultimate controlling party

The Company was controlled throughout the year by the trustees of the charity.

15 Limited by guarantee

The Company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such amount as may be required not exceeding £1.

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