SOUND WAVES SOUTH WEST MUSIC & MUSIC THERAPY TRUST Registered No. 1167138 Charlty Incorpofaled Organisallon Report of the Truslees and Unaudlled Flnandal Statoments tho Year Endod 31 December 2024 Lane Mill Woolsery Bidelord Devon EX39 5PZ
Sound Waves South Wesl Music and Music Thera Twst ontenls of the Financial Statements lor the Year Ended 31 December 2024 Page Report to TTUStees Independent Examinerfs Rewrt Statement of Financial Activities Balance Sheet Notes lo the Financial Statements 5106 Detailed Statement of Financial Activities
Sound Waves South West Music and Music Thera Trust Re rt of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements ol the charity lor the year ended 31 December 2024. The trustees have adopted the provisions of the Statement ol Recommended Practice {SORPI 'Accounling and Reporting by Charities, issued in March 2005 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1167138 prI1paI Address Duckpool Cottage Woodlord Bude Cornwall EX23 9JN Trustoos Janel Ash IChair} Clare Monro Dr David Puddick Jayne Ensell-Bowen Sally McGuiness Susan Kershaw Dick Taylor Inpendent Examiner Leonafd & Co Chartered Certified Accountants Lane Mill W¢)olsery Bidèlord Devon EX39 5PZ Objectives of the Charity To advance PLtblic education in music. art. drama arKI dance and the relief of sickness in particular through the provision of music therapy. Governlng do¢ument The Chaiity is a foundation CIO where the Trustees are also the members. The Governing document of the Charity is the Constrtution a(bpted on registration on 17 May 2016. No changes to the conslilulion were made during the year. Risk managoment The trustees have a duty to identity and review the risks to which the charity is exposed and lo ensure approwiale controls are in place lo provide reasonate assurance against fraud and error. ON BEHALF OF THE BOARD: Trustee Date 71LL Page 1
Ind ni Examinerfs Re rt to the Trustees ol und Waves South West Music and Music Ther Trust I report on the accounts for Ihe year ended 31 December 2024 set out on pages three to seven. Respectlve responslbllltles ol trustees and exarnlnef The charity's ITUStees are Tesponsible for the preparation of the accounts. The charily's trustees consider that an audit is not required lor this year (under Section 144{21 of the Charities Act 2011 Ilhe 2011 Aclll and that an independent examination is required. It is my responsibility to: examine the accounts under Section 145 of the 2011 Acl to follow the procedures laid down in Ihe General Directions given by the Charity Commission (under Section 14515llb} of the 2011 A¢ll- and to slate whether particular matters have come lo my attention. Basis of the independent examiner's r•port My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review ol the accounting records kept by the charity and a comparison of the accounls presented with those records. It also includes consideration ol any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures UfKlertaken do not provide all the evidence that woukl be required in an audit. and consequently no wmnion is givèn as lo whether the accounts present a 'true and fair viev¥ and the report is limited lo those matters set out in the statements below. Independent examiner's statement In connection with my examinalion. no matter has come to my attention: 11) which gives me reasonable cause to believe that. in any Material respect. the requirements to keep accounting records in accordance with Section 130 01 ihe 2011 Act" and to prepare accounts which accord with the accounting records and lo comply with the accounting requiremenls of the 2011 Act have nol been met,. or 12) lo which, in my opinion, attention should be drawn in order to enable a proper understanding ol the accounts to be reached Leonard & Co Chartered Certified Accountants Lane Mill Woolsery Bideford Devon EX39 5PZ Dale Page 2
ound Waves South West Music Th Statement ot Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Unrestricted Fund Restricted Funds Total Funds Total Funds Notes INCOMING RESOURCES Voluntary income Activities lor generaling funds Other income 1,270 569 1,511 7,398 8.668 569 10.387 17,635 1,149 6.804 8,876 Total Incomlng re90urces 3,350 16,274 19,624 25.588 RESOURCES EXPENDED Music Therapy Instrument Loan Scheme Workshops Governance costs Other 25.320 1.921 9.310 25.320 1.968 9.310 240 25.450 32,868 2,712 8,134 240 7.666 47 240 5,820 19.630 Tolal resouroes exwndad 6,107 56,181 62.288 51.620 NET MOVEMENT IN FUNDS (2,757) 139,9071 142,6641 (26,0321 RECONCIUATION OF FUNDS Total funds brought lorward 31.959 12.365 44.324 70,356 Translers botwoon lunds {15,6261 15,626 Revaluatlon of Ilxed assets 69,000 69,000 TOTAL FUNDS CARRIED FORWARD 13,576 57,084 70,660 44,324 The notes fom part of thesè financial statements Page 3
Wav Music Ther st Balance Sheet As al 31 December 2024 31.12.24 31.12.23 Unrestricted Fund Rèstrict8d Funds Total Funds Total Funds FIXED ASSETS Musical Instruments 51,750 51.750 CURRENT ASSETS Investment Bond Cash and bank and in hand 10,000 3,576 10,000 8,910 30,000 14,324 5.334 NET CURRENT ASSErs 13,578 57.084 70,660 44,324 TOTAL ASSETS LESS CURREMr LIABILITIES 13,576 57,084 70,660 44,324 NET ASSETS 13.576 57,084 70,660 44.324 FUNDS Unreslricled lunds Restricted Funds 13,576 57,084 31,959 12,365 TOTAL FUNDS 70,660 44,324 The financial slalements were approved by the Board ol Trustees on . behalf by.. ..and were signed on its Truslee The notes form part of these financial statements Page 4
Wav h Wesl Music nd Music Ther Trust Notes lo the Financial Sialements for the Year Ended 31 December 2024 1) AccouirriNG POLICIES Accountlng eonventlon The financial slalemenls have been ppared under the histori1 cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities leflective April 2008}, the Charities Act 2011 and the requirements of the Slatemenl of Re¢ommended Practice. Accounting and Reporting by Charrties. Incoming re90urces All incoming resources are included on the Slalemenl ol Financial Activities when the charity is legally enlilled lo the income and the amount can be quantified with reasonable accuracy. Resources expended Expendiluie is accounled for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Wher8 costs cannot be directly attributed to particular headings they have been allocated to activates on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund a¢countlng Unreslricted funds can be used in accordance with the chaiitable obiectivos at the discretion of the trustees. Reslricled funds can only be used for particular purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation ol the nature and pulse of each lund accounts is included in the notes to the financial slalernenls. 2) ACTIVITIES FOR GENERATING FUNDS 31.12.24 31.12.23 Fundraising events 569 1,149 3) FIXED ASSETS Equipment Total Cost As al 1 January 2024 Additions As at 31 December 2024 69.000 69,000 69,000 69,000 Depreciation As al 1 January 2024 Provided during the period As at 31 December 2024 17,250 17,250 17,250 17.250 Net Book Value As al 31 December 2024 As al 31 December 2023 51,750 51,750 Page 5
nd Music Thera Notes lo the Financial Statements for the Year Ended 31 December 2024 4) TRUSTEES. REMUNERATION AND BENEFITS As at 31 December 2024 payments totalling £1.100 were paid to a Trustee to help run the charity's Instrument Loan Scheme. 131 December 2023 - £1.1401 Truslees. expenses There were no Iruslees. expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. MOVEMENT IN FUNDS At 01.01.24 Income Transfers Expenditure At31.12.24 Unrè$tTIed funds Geneial fund 31,959 3,350 (15,626) 16,107) 13,576 Rèstricted funds ILS Music Therapy Wort(shops in schools Auction preedS fund Memorial tund 3.262 (3,3541 (25,4701 19,3101 1.852 1.090 11,346 15.214 5,270 {4,4541 14041 15,626 2.000 4,454 2.649 12.365 17971 138,931 1 2,392 5,334 16.274 TOTAL 44,324 19.624 145,037 18.910 Musical Instruments revaluation 69,1)00 117.2501 51,750 TOTAL FUNDS 44.324 88,624 162.2871 70.660 Page 6
undw hwestm Music Thera Del 'led Slalement ol Financial Activities for the Year Ended 31 ember 2024 31.12.24 31.12.23 INCOMING RESOURCES Voluntary Incomo Donations Music Therapy Instrument Loan Scheme Workshops Adminislralion General Purwses Memorial Funds Memberships 2.066 8.165 1,635 1,000 540 214 8,668 2,649 303 17,096 Activities for goneraling funds Fundraising events 569 1,149 1,149 569 Other Incomlng resources Boxes Contributions ITOM hoolS Bank Interest Tax Refund 57 6,225 503 559 8.935 1,121 326 10.387 7,344 Tol81 incomlng r8sour¢es 19.624 25,588 RESOURCES EXPENDED Charltable actlvlllos Music Therapy Inslwment Loan Schème Workshops Music Therapy Hardware Fundraising expenses 25.320 1,968 9.310 29.130 2,712 8,134 3.738 347 36.945 43.714 Governance cosls Accountancy 240 240 240 240 Other Postage & Stationery Insurance Internevcompuler Secretarial Rent ILS PerrymanlBoliiho Award Meetings Depreciation 86 749 35 676 202 4,964 500 1,140 150 4,448 650 1.100 600 129 17,250 25,102 7,666 Tolal resources expended 62,287 51,620 Net Incomel{Exwnses) 142,664 } 126,0321 This page does not form part of the statutory financial slalements Page 7
SOUND WAVES SOUTH WEST MUSIC & MUSIC THERAPY TRUST R8gistergY No. 1167138 Income and Expenditure Account Year Ended 31 December 2024 Leonard & Co Lane Mill Woolsery Bidelord Devon EX39 SPZ
SOUND WAVES SOUTH WEST MUSIC & MUSIC THERAPY TRUST Register No. 1167138 Income and Expenditure Account Year Ended 31 December 2024 2024 2023 2022 In¢ome Contrlbut5ons Irom schools usic Therapy Workshops 8.395 540 5,685 540 3,770 600 8,935 6,225 4,370 Donallons Music Therapy Instrument Loan Scheme Workshops Administration General purposes Memorial Funds 2.066 1,548 1,000 8,165 1,635 4,343 6,008 8,921 473 3.300 540 3.107 2,649 8,454 16,793 18,509 Fund-ralslng General events 569 569 1.149 1,149 1,207 1,207 Other Income Membership Boxes Bank Interest Tax Telund 214 303 57 503 559 1,422 396 1,121 326 1,666 350 418 1,182 Total Income 19.624 25,588 25.268 Page I
SOUND WAVES SOUTH WEST MUSIC & MUSIC THERAPY TRUST Regislar8d No. 1167138 Income and Expendlture Account Year Ended 31 December 2024 Expenditure 2024 2023 2022 Therapy Music Therapists Workshops Inslyumenl Loan Scheme Music Thefapy Hardware Perrymanl8olitho Award 25,320 9,310 1,968 29.130 8,134 2,712 3.738 150 43,864 15,902 7,410 6,393 148 450 30,303 600 37,198 Admlnlstratlon Secretarial Accountancy Postage Stationery Fundraising ExnSeS Meetings Insurance Inlernevcompuier ILS Rent Depreciation 4.448 240 4.964 240 6,772 330 86 347 129 749 90 1.100 650 17.250 25,089 24 103 676 202 1,140 500 691 296 720 600 7,756 9,524 Total Expendllure 62.287 51.620 39,827 Excess of Incomel{Exponditure) 142,6641 126,032) 114,5591 Summary of Funds Balance BIFwd 44,324 Excgss ol Expendituie 142,6641 Revaluation ol fixed assets 69,000 Balae CIFwd 70,660 70.660 70.660 Page 2
SOUND WAVES SOUTH WEST MUSIC & MUSIC THERAPY TRUST Ragister No. 1167138 Income and Expendlture Account Year Ended 31sl December 2024 Notes to Ihe Income and Expendllure Accounts Noto 1 . Summary of funds as at 31 December 2024 Unrestrlcted funds General fund 13,576 Aestrlcted funds ILS Music Therapy General Memorial fund 1,852 1.090 2,392 5,334 Revaluation ol fixed assets 51,750 Total funds 70.660 The above Income and Expenditure Accounts sel out on pages 1 and 2 have been produced from the books records inlormation and explanations supplied to us and we certify it to be in accordance therewith. Leonard & Co Chartered Certified Accountants Lane Mill Woolsery Bidelord Devon EX39 5PZ Chalr Treasurer Mrs J Ash Mrs S Kfjrshaw O7- OL&-2025 Dale For and on behalf of Sound Waves South Wesl Music and Music Therapy Trust Page 3