REGISTERED CHARITY NUMBER: 1165633
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FOR
ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH
ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
| Detailed Statement of Financial Activities | 9 | to | 10 |
ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Association of Sound Designers are the advancement of education and the advancement of the arts, and in particular to promote and raise standards, and provide education, training, professional know-how and development to students, graduates, emerging and established professionals in the art, skills and technology of sound design and live performance.
Part of the Association's activity is to represent the interests of sound designers and other sound professionals working and studying in the UK theatre sound industry. Its function is to connect the widely dispersed sound design community, to educate and promote high standards. Alongside this the Association of Sound Designers promotes the development of future professionals into the industry providing training, networking and access to resources allowing both career and skills development.
Public benefit
The Trustees affirm that the advancement of the Association's objectives through the actives it undertakes do provide a benefit to the public as defined in the Charities Act 2011.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Throughout the year the Association continued to publish its industry magazine and podcast, whilst organising training courses and conferences for its members. It also helped to arrange public liability insurance for qualifying members. Expenditure on the charitable activities of the Association increased by 36% year on year, driven by an increased number of training events and increased mentoring activity along with the increased cost of arranging public liability insurance. As such, the Trustees consider that the Association of Sound Designers is successfully pursuing its charitable objects.
FINANCIAL REVIEW
Financial position
The Association operated with a surplus of £10,375 for the year to August 2025. Income remained consistent with the prior year and reduced training costs led to an increased surplus for the year. The Association's reserves remain healthy at £47,968.
Investment policy and objectives
The Trustees have the power to make financial investments, it does not however currently engage in financial investments of any kind.
Reserves policy
The trustees regularly review the levels of cash reserves that the Association holds and makes projections for the coming financial years so that any necessary financial planning actions can be taken in a prudent, timely manner.They endeavour to maintain a sum equivalent to 6 months of the Association's costs and commitments.
FUTURE PLANS
The Trustees will continue to ensure that the Association fulfils its objects faithfully.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Association of Sound Designers is a Charitable Incorporated Organisation (Registered Charity No. 1165633), governed by its Constitution, which was last approved prior to registration on 2nd February 2016.
Recruitment and appointment of new trustees
The Trustees are appointed each year at the Annual General Meeting. The trustees meet at regular intervals.
Risk management
The Trustees have a duty to identify risks that the Association may be exposed to and are satisfied that appropriate controls are in place, i.e. that any such risks are discussed at Trustee Meetings.
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1165633
Principal address
18 Parliament Hill Mansions Lissenden Gardens London NW5 1NA
Trustees
L Gibson (resigned 6.1.2025) S R Vincent V Hill P Rice R Stroud E Wahlstrom C Hibberd M Tuckey (appointed 6.1.2025) Ms L D King (appointed 6.1.2025)
None of the Trustees have any financial interest in the Association. All of the trustees give their time voluntarily and receive no payments from the Association.
If the Charitable Incorporation Organisation is wound up, the members of the Association have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Independent Examiner
David Myerson FCA Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH
Approved by order of the board of trustees on 20 May 2026 and signed on its behalf by:
V Hill - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
Independent examiner's report to the trustees of Association for Sound Design and Production
I report to the charity trustees on my examination of the accounts of Association for Sound Design and Production (the Trust) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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 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.
David Myerson FCA
Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH
20 May 2026
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
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2025 2024
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 83,394 84,318
Investment income 2 163 302
Total 83,557 84,620
EXPENDITURE ON
Raising funds 3 1,221 1,355
Charitable activities
Magazine production costs 6,952 8,023
Training 8,756 25,345
Conference costs 7,527 4,710
Grants and donations - 400
Public liability insurance 17,642 18,666
Other 31,084 41,703
Total 73,182 100,202
NET INCOME/(EXPENDITURE) 10,375 (15,582)
RECONCILIATION OF FUNDS
Total funds brought forward 37,593 53,175
TOTAL FUNDS CARRIED FORWARD 47,968 37,593
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The notes form part of these financial statements
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
BALANCE SHEET 31 AUGUST 2025
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2025 2024
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 7 2,458 2,196
CURRENT ASSETS
Debtors 8 7,536 9,048
Cash at bank 40,374 28,747
47,910 37,795
CREDITORS
Amounts falling due within one year 9 (2,400) (2,398)
NET CURRENT ASSETS 45,510 35,397
TOTAL ASSETS LESS CURRENT LIABILITIES 47,968 37,593
NET ASSETS 47,968 37,593
FUNDS
Unrestricted funds 47,968 37,593
TOTAL FUNDS 47,968 37,593
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The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2026 and were signed on its behalf by:
V Hill - Trustee
The notes form part of these financial statements
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance Computer equipment - Straight line over 3 years
Taxation
The charity is exempt from tax on its charitable activities on income and gains to the extent that these are applied to its charitable objects.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Debtors
Donations receivable and other debtors are recognised at the settlement amount due after any reductions offered. Prepayments are valued at the amount prepaid net of any discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit of similar account.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
continued...
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
2. INVESTMENT INCOME
| Deposit account interest 3. RAISING FUNDS Raising donations and legacies Support costs |
2025 2024 £ £ 163 302 2025 2024 £ £ 1,221 1,355 |
|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There was no trustees' remuneration or other benefits for the year ended 31 August 2025 nor was there any for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor were there any for the year ended 31 August 2024.
5. STAFF COSTS
There were no staff costs for the year ended 31 August 2025 nor were there any for the year ended 31 August 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income |
Unrestricted fund £ 84,318 302 |
|---|---|
| Total | 84,620 |
| EXPENDITURE ON Raising funds Charitable activities Magazine production costs Training Conference costs Grants and donations Public liability insurance Other |
1,355 8,023 25,345 4,710 400 18,666 41,703 |
| Total | 100,202 |
| NET INCOME/(EXPENDITURE) | (15,582) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 53,175 |
continued...
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ |
|||
|---|---|---|---|
| TOTAL FUNDS CARRIED FORWARD | 37,593 | ||
| 7. TANGIBLE FIXED ASSETS COST At 1 September 2024 Additions |
Fixtures and fittings £ 3,939 1,081 |
Computer equipment £ 5,626 - |
Totals £ 9,565 1,081 |
| At 31 August 2025 | 5,020 | 5,626 | 10,646 |
| DEPRECIATION At 1 September 2024 Charge for year |
1,743 819 |
5,626 - |
7,369 819 |
| At 31 August 2025 | 2,562 | 5,626 | 8,188 |
| NET BOOK VALUE At 31 August 2025 |
2,458 | - | 2,458 |
| At 31 August 2024 | 2,196 | - | 2,196 |
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income |
2025 £ 7,536 |
2024 £ 9,048 |
|
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2025 £ 2,400 |
2024 £ 2,398 |
|
| 10. RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 August 2025.
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
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2025 2024
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 83,394 84,318
Investment income
Deposit account interest 163 302
Total incoming resources 83,557 84,620
EXPENDITURE
Charitable activities
Training costs 8,756 25,345
Conference costs 7,527 4,710
Magazine production costs 6,952 7,766
Public liability insurance 17,642 18,666
Sundries - 257
Grants to institutions - 400
40,877 57,144
Support costs
Management
Travel 1,438 3,293
Finance
Bank charges 1,221 1,355
Information technology
Website hosting 2,072 3,328
Software costs 2,383 757
4,455 4,085
Human resources
Administration costs 20,123 27,090
Other
Storage costs 407 1,808
Insurance 315 532
Postage and stationery 517 838
Sundries 196 831
Subscriptions 414 93
1,849 4,102
Depreciation
Depreciation 819 733
Governance costs
Accountancy 2,400 2,400
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This page does not form part of the statutory financial statements
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ASSOCIATION FOR SOUND DESIGN AND PRODUCTION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
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2025 2024
£ £
Total resources expended 73,182 100,202
Net income/(expenditure) 10,375 (15,582)
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This page does not form part of the statutory financial statements
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