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← Sound Vision CIO

2023-08-31-accounts

Sound Vision CIO

Charity No. 1172980

Company No. CE009949

Trustees' Report and Unaudited Accounts

31 August 2023

Sound Vision CIO Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of Cash flows 10
Notes to the Accounts 11 to 18
Detailed Statement of Financial Activities 19 to 20

Page 1

Sound Vision CIO Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE009949

Charity No. 1172980

Principal Office

The Old Surgery St. Chads Avenue Midsomer Norton RADSTOCK BA3 2HG

Registered Office

St Chad's Avenue Midsomer Norton Radstock BA3 2HG

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

P.J. Gibbons

M. Gorman (Resigned 30 January 2023)

A. Maw

L. Nelson

M.F. Stride C. Watt

Accountants

The Waldron Partnership Ltd 30 Circus Mews Bath BA1 2PW

OBJECTIVES AND ACTIVITIES

For the year 2022–23, Somer Valley Education Trust CIO used the working name 'Sound Vision'. Following a resolution of the trustees on 25th January 2024, the legal name has been changed to Sound Vision CIO.

The objects of Sound Vision CIO are for the public benefit:

To advance education in particular, but not limited to, through the provision of vocational education and training in the skills required for media broadcasting and communication; and such other charitable purposes (according to the law of England and Wales) as the charity trustees see fit from time to time.

Page 2

Sound Vision CIO Trustees Annual Report

Public benefit:

Launched in 2017, Sound Vision’s work spans Bath and Northeast Somerset and Greater London. Under our theme of Empowering Voices Less Heard our programmes deliver two primary outcomes:

Sound Vision provides skills-based learning opportunities for young people and adults of all ages, abilities and backgrounds, including those seeking employment or skill development.

Through our network of referral organisations and educational partners, we target young people with special educational needs and disabilities (SEND) and young people who are NEET/vulnerable to becoming NEET. Our trainers are experienced with:

Sound Vision have a strong legacy and focus on young people, but we also have programmes for adults, and are inclusive of the following:

Sound Vision empower individuals through personal development, education, creativity and communications. Working towards our vision of a society with equal opportunities for all, we provide inclusive, welcoming spaces where anyone can feel safe to learn, develop and be creative. In Empowering Voices Less Heard, we not only build the confidence and skills for participants to have a voice, but we also give them the platforms to use it through partnerships across the audio and radio industry.

ACHIEVEMENTS AND PERFORMANCE

For the year ending August 2023, Sound Vision carries out its objects principally through three service lines:

1) Sound Academy: Young people and adults learn audio and radio skills in a studio environment.

2) After School Training - 26 beneficiaries - Whilst making radio or podcasts young people develop skills and express themselves in a safe and supportive environment. Trainees have the opportunity to achieve nationally recognised qualifications, and we delivered 24 from Arts Awards Trinity and NCFE. Sound Vision directly in Midsomer Norton and through our training partner Riverside Radio in Wandsworth.

Page 3

Sound Vision CIO Trustees Annual Report

3) Alternative Provision - 29 beneficiaries - A meaningful learning experience for students who are not thriving in a traditional classroom environment. During our 12-week course, trainees produce audio and podcasts whilst developing confidence, collaboration and communication skills. Success is measured by improvement in attendance and engagement with mainstream education by the schools. We also monitor the impact of the intervention on wellbeing on the Warrick Edinburgh scale of mental health. Sound Vision works with Norton Hill School, Somervale School and Writhlington School who identify students, typically Years 8 - 10, who would benefit from an alternative approach to classroom learning.

Pathway to Employment - 19 beneficiaries - Customised learning using a mix of workshops, mentoring, traineeships and work placements for all ages and abilities. We focus on employability, but the programme is open to everyone looking to develop their skills. We welcome professionals looking to broaden their experience and skills, first-time job seekers, and everyone in between. We often offer opportunities for work placement for Years 10 to 13. Sound Vision works with secondary schools in the Bath & NE Somerset region and post-16 departments at Specialist Schools including Fosse-Way and Farleigh College. We also provide work placements for Bath College Students, Somerset Skills & Learning and local universities including Bath Spa and Bristol University.

Sound Music: Working with industry professionals to develop music and production skills and performance confidence, so that young people can become creators, technicians and performers.

Street to Studio - 32 beneficiaries - Early interventions for vulnerable young people aged up to 25. Our trainees spend up to 6 months working with industry professionals to develop music and production skills and performance confidence, often recording a demo, producing sound and singing. Trainees develop industry knowledge, production skills, and competence with industry-standard software and hardware. We created the course in 2020 and support our partners Youth Connect Southwest to deliver this.

Sound Support: Building resilience in the not-for-profit media sector and supporting charitable organisations by strengthening this industry sector, we also hope to provide more future pathways and opportunities for our trainees.

Local Radio Day 2022 - An annual celebration of audio and radio Local Radio Day shines a light on professionals, volunteers, radio stations and their communities. The Sound Vision marketing team have led the organisation since 2019, but this was the first year doing so under the Sound Vision name. We support this to build industry resilience and thus future pathways and opportunities for our trainees. Working with Local Radio Support and Radio.co we launched a month-long pop-up station ‘Sound Radio UK’, which featured audio from 30 stations across the UK showcasing how they served their communities. Local Radio Day had a social media reach of 1.5 million, also building brand awareness for Sound Vision and over 100 radio stations participated.

Community Media Champions Awards - 11 awards. These awards recognise those outstanding individuals who have made a special and significant contribution to community media. The awards are decided by the Community Media Association council and supported by Sound Vision.

Bath Radio Digital - Sound Vision supported a consortium of community radio broadcasters in Bath & NE Somerset in applying for a licence to run a new DAB service for the area. Local radio has considerable social value to the people and communities of this area, so we worked to ensure this impactful asset is enriched by new broadcast platforms and not threatened by the steady migration of listeners away from FM transmission.

Page 4

Sound Vision CIO Trustees Annual Report

Funders

Sound Vision receives revenues from contracted services but is heavily reliant on donations and grants to ensure consistent delivery of our skills-based learning programmes. The Sound Vision trustees would like to take this opportunity to show their appreciation for the generosity of our regular donors. Regular unrestricted income allows us to respond to requests for immediate support to deliver critical services to those most in need, without undergoing grant application processes. Sound Vision remains predominately grant-funded. Achieving grants to cover core and project costs is a priority to ensure we can sustain and grow our reach and engagement. The Trustees express their immense gratitude for the funded support of the National Lottery’s Community fund, The Medlock Charitable Trust, The People’s Postcode Lottery, The Sunrise Foundation, The Foxglove Trust, The Van Neste Foundation, Somerset Community Foundation and Quarter Community Foundation.

FINANCIAL REVIEW

The trustees have agreed to hold unrestricted reserves of 3 months average overhead expenditure (£18k). This will allow Sound Vision to operate for 3 months if there is a gap in funding.

PLANS FOR FUTURE PERIODS

FY24/25 Strategy for growth

Sound Vision is a small charity, with a big heart and even bigger ambitions. Demand for our training programmes outweighs our current capacity and resources. It is driven by our unique and inclusive approach to studio learning that is hitting contemporary educational and social challenges around loneliness, isolation, lack of opportunities and mental health and wellbeing. During FY24/25 we plan to expand our services to meet that need, and to reach, engage with and empower more people by:

Expanding our network of training hubs - Our ambition is to develop training services nationally. We piloted our model of establishing skills infrastructure around the training capacity of local radio stations with Somer Valley FM in Midsomer Norton and Riverside Radio in Wandsworth. Our FY24/25 strategy involves onboarding further training partners targeting areas of need in Taunton, Bristol, Glastonbury and Manchester.

Strengthening and building partnerships - Sound Vision currently work with Youth Connect Southwest, Midsomer Norton Schools Partnership, Fosse-Way School, Farleigh College Bath College, Somerset Skills & Learning and Community Media Association. We will target new working partnerships with educational multi-academy trusts to offer their students our Alternative Provision and After School Training programmes. This studio learning inside and outside of formal curriculum time empowers young people with skills and confidence and offers a platform on which to express themselves.

Page 5

Sound Vlsion ao Trustees Annual Report Deliver more accreditations and qualifications- Arts Awards from Trinity London align with our mission by encouragin8 creativity and ski115 development outside of standard guided learning pathways. Currently only offered with our After School Trainbn& we will also add this a5 an option to our Alternative Provision training programmes. This will allow all abilities and backgrounds to access this opportunity and enhante their employability. Keep our trainees at the heart of everything we do- Trainees inftuence the development of our programmes by sharin8 their experiences and feedback and in many instances through ongoing participation. After experiencing how transformative our inteTvention5 can be, fonner beneficiaries are often keen to have a role in drivin¥ the tharity forward and helping oihers. Current and past trainees are on our advisory board, and one is a trustee. Sound Vision as an organisation value what it learn5 from the unique perspectives and skills of Its participants. The future of the charity is increasingly determined by those who have benefited from it. Central to our FY24125 Strate￿ is our viston of a society wth equal opportunities for all. Sound Vision is profoundly driven by compassion and t)Ufdrivenmust reach more people. We talk aboLtt empowering voices less heard but we need to empowèr our own voice, in order to reach rbew audiences. That way, our charitable mission tan contribLrte to true social movemenL The Trustees are responsible for keeping proper accotsnting records that disdose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financi31 statements comply with the Companies Act 2LK)6. The Trustees are also re%w)nsible for safeguarding the a55ets of the charity and hence taking reasonable Ste￿ for the p￿Ven￿"0Th and dete￿1¢fi of fraud and other IT￿￿￿1&ritie$. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companie5 regime as Set out in Part 15 of the Companies Art 2CQ6 and in accordance wth the Charities SORP IFRS 1021. Signed on behalf of the bgard P.J. Gtbbons Trustee 12 June 2024, Pa8e 6

Sound Vlslon ao Independent Examlnws Report Independent Examlne¢s Report to the twustees of Sovnd Vlsknn ao I report to the charity tnjstees on my examination of the financial thtements of Sound Vision CIO for the year ended 31 Au8USt 2023. Respon51bllltles and basls of report As the charity's trustees of the ¢ompany13nd also sts It￿CtLY5 for the purposes of company lawl you are responsible for the preparation of the financial ttatements in accordance with the requirements of the Companies Art 2(K161'the 2LTr)6 Act. Having satisfied myself that the financlal statements of the Charity a￿ 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 chority'5 ffinancial statements as carried under secth)n 145 of the Charities Act 2011 llhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I tan confirm that no material matters have come to my attention in connertÈon with the examinatlon givin8 me cause to beli&we'. accountlng Tecords were not kept trn accordan￿ with section 386 of the 2CMJ6 Art; or • the financial statements do not accord with those records.. or the linancial statements do not comply with the accountin8 requirements under section 396 of the 2￿6 Act other than any requirement that the financial statements Bive a *rue and view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in a¢cordan¢e wtth the methods and principles of the Statement of Recommended Practice for accounting and reportin8 by Charities applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporknng Standard applicable in the UK and Republlc of Ireland IFRS 1021. 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 financial statements to be reached. Marco Andrew Martin FCCA cfA The Waldron Partnership Ltd 30 Circus Mews 8ath BAI 2PW 12 June 2024 Page 7

Sound Vision CIO Statement of Financial Activities

for the year ended 31 August 2023

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
10
Total
Net gains on investments
Net income/(expenditure)
11
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
55,226
7,380
350
119		 Restricted
funds
2023
£
52,800
-
-
-		 Total funds
2023
£
108,026
7,380
350
119		 Total funds
2022
£
103,582
-
-
-
63,075
10,701
77,970
13,461		 52,800
-
6,065
4,678		 115,875
10,701
84,034
18,138		 103,582
9,398
63,747
37,388
102,131
-		 10,742
-		 112,873
-		 110,533
-
(39,056)
-		 42,058
-		 3,002
-		 (6,951)
-
(39,056) 42,058 3,002 (6,951)
(39,056)
68,732		 42,058
-		 3,002
68,732		 (6,951)
75,683
29,676 42,058 71,734 68,732

Page 8

Sound Vlsion CIO Balabye Sheet at 31 August 2023 Company No. CE(¥)9949 Note5 2023 2022 Flxed assets Tan&'ble a$5ets 13 814 1.107 1.107 814 Current 355ets Debtors 14 3.730 72.739 76,469 15,5491 Cash at bank and In hand 73,369 73.409 15,7841 67,625 Credilors: Amount falling due within one year Net ¢urrent assets 15 70.920 Total assets less CUTTent Ilabllltles 71,734 68,732 68,732 Net assets excludlng penslon asset or Il•blllty 71.734 Total net assets 71.734 68,732 The funds ol the charbty Restrfcted funds Restricted income fvnds 16 42,058 42,058 U￿rest￿￿ed funds General funds 16 29,676 68.732 29.676 68,732 16 Total fund5 71.734 68,732 These accounts hove been prepared in accordance with the special prowsions of Part IS of the Companies Act 2C(16 ￿lating to small companie5. For the year ended 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2W6 relating to small companie5. The member5 h3¥e not required the company to obtsin an audtt in accovdance wth sertion 476 of the Companies Act 2(X)6. The dirèctors acknowledge their responsibilities for complying with the requirements of the Companies Act 2C¥J6 with respect to accounting records and the preparation of accounts. Approved by the board on 12 lune 2024 And signed on its behalf by.. PJ. Gibbons Trustee 12 lune 2024 Pa8e 9

Sound Vision CIO Statement of Cash flows for the year ended 31 August 2023

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Increase in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from/(used in) investing activities
Net cash from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
3,002
293
(119)
-
(3,690)
(1,898)
(2,412)
119
119
-
(2,293)
73,369
71,076
72,739
72,739		 2022
£
(6,951)
65
-
-
(40)
5,784
(1,142)
-
(1,172)
-
(2,314)
-
(2,314)
73,369
73,369

Page 10

Sound Vision CIO Notes to the Accounts

for the year ended 31 August 2023

Basis of preparation

The financial statements 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 11

Sound Vision CIO Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 12

Sound Vision CIO Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a Charitable Incorporated Organisation.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
91,425
91,425
9,398
(318)
37,388
46,468
44,957
44,957
44,957
13,033
57,990		 Restricted
funds
2022
£
12,157
12,157
-
64,065
-
64,065
(51,908)
(51,908)
(51,908)
62,650
10,742		 Total funds
2022
£
103,582
103,582
9,398
63,747
37,388
110,533
(6,951)
(6,951)
(6,951)
75,683
68,732

4 Income from donations and legacies

Grants Received
Major Donors and one off
donations
Regular donations
Gift aid		 Unrestricted
£
6,661
28,000
12,113
8,452
55,226		 Restricted
£
52,800
-
-
-
52,800		 Total
2023
£
59,461
28,000
12,113
8,452
108,026		 Total
2022
£
103,582
-
-
-
103,582

Page 13

Sound Vision CIO

Notes to the Accounts

5 Income from charitable activities

Alternative Provisions and
education
6
Income from other trading activities
Organisational development
7
Income from investments
Interest received
8
Expenditure on raising funds
Consultancy and sub
contractors
CRM costs
Card Fees		 Unrestricted
£
7,380
7,380
Unrestricted
£
350
350
Unrestricted
£
119
119
Unrestricted
£
9,549
936
216
10,701		 Total
2023
£
7,380
7,380
Total
2023
£
350
350
Total
2023
£
119
119
Total
2023
£
9,549
936
216
10,701		 Total
2022
£
-
-
Total
2022
£
-
-
Total
2022
£
-
-
Total
2022
£
8,366
1,032
-
9,398

Page 14

Sound Vision CIO

Notes to the Accounts

9 Expenditure on charitable activities

Unrestricted
£
Expenditure on charitable
activities
Alternative Provisions and
education
4,800
Staff Payroll costs
66,871
Training Support Costs
2,988
Other costs
2,231
Governance costs
Independent examination
1,080
77,970
10 Other expenditure
Unrestricted
£
Staff training and
entertainment
527
Premises costs
-
Depreciation of fixed assets
293
General administrative costs
10,368
Legal and professional costs
2,273
13,461
11 Net income/(expenditure) before
transfers
This is stated after charging:
Depreciation of owned fixed assets
12 Staff costs
No employee received emoluments in excess of £60,000.		 Restricted
£
-
4,459
1,541
65
-
6,065
Restricted
£
-
4,200
-
478
-
4,678
2023
£
293		 Total
2023
£
4,800
71,330
4,529
2,295
1,080
84,034
Total
2023
£
527
4,200
293
10,845
2,273
18,138		 Total
2022
£
-
63,747
-
-
-
63,747
Total
2022
£
-
2,800
65
32,051
2,472
37,388
2022
£
65

Page 15

Sound Vision CIO Notes to the Accounts

13 Tangible fixed assets

Cost or revaluation
At 1 September 2022
At 31 August 2023
Depreciation and
impairment
At 1 September 2022
Depreciation charge for the
year
At 31 August 2023
Net book values
At 31 August 2023
At 31 August 2022
14 Debtors
Prepayments and accrued income
15 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals		 2023
£
3,730
3,730
2023
£
1,533
2,275
78
1,663
5,549		 £
1,172
1,172
65
293
358
814
1,107		 £
1,172
1,172
65
293
358
814
1,107
2022
£
40
40
2022
£
6,219
(435)
-
-
5,784

Page 16

Sound Vision CIO Notes to the Accounts

16 Movement in funds

Restricted funds:
Restricted income funds:
Somerset Community
Foundation
NLG AA Somerset SEND
VNF Street to Studio
Arts Council - Studio to Stage
Sunrise Foundation - Positive
Pathways
Total
Unrestricted funds:
General funds
Total funds		 At 1
September
2022
-
-
-
-
-
-
68,732
68,732		 Incoming
resources
(including
other
gains/losses)
£
-
-
10,000
27,000
15,800
52,800
63,075
115,875		 Resources
expended
£
(1,085)
(9,657)
-
-
-
(10,742)
(102,131)
(112,873)		 At 31
August
2023
£
(1,085)
(9,657)
10,000
27,000
15,800
42,058
29,676
71,734

Purposes and restrictions in relation to the funds:

Restricted funds:
Somerset Community a fund to support after schools training in Midsomer Norton area –
Foundation specifically pupils with Autism.
NLG AA Somerset SEND a fund to support after schools training (but Radstock area) “Sound Vision
Sound Academy”
VNF Street to Studio a fund to support delivering Arts Awards in the Bath area with Youth
Connect SW
Arts Council - Studio to Stage a fund to support delivering Arts Awards in the Bath area with Youth
Connect SW
Sunrise Foundation - Positive a fund for supporting autistic young people through after schools and
Pathways pathway to employment training activities.

17 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets		 Unrestricted
funds
£
814
18,120
18,934		 Restricted
funds
£
-
52,800
52,800		 Total
£
814
70,920
71,734

Page 17

Sound Vision CIO Notes to the Accounts

18 Reconciliation of net debt

18 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1
September
2022
£		 Cash flows
£		 At 31
August
2023
£
73,369 (630) 72,739
73,369
73,369		 (630)
(630)		 72,739
72,739
19 Related party disclosures
Transactions with related parties
Name of related party
C. Watt
Relationship
Trustee
Description of relationship
and transactions
Mr C Watt is a Director of Somer Valley FM.
During the period training facilities at
Somer Valley FM were utilised and paid for
to deliver the programme.
Amount paid to Somer Valley FM during the year		 2023
£
1,214		 2022
£
1,635

Page 18

Sound Vision CIO

Detailed Statement of Financial Activities

for the year ended 31 August 2023

Income and endowments from:
Donations and legacies
Grants Received
Major Donors and one off
donations
Regular donations
Gift aid
Charitable activities
Alternative Provisions and
education
Other trading activities
Organisational development
Investments
Interest received
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Consultancy and sub contractors
CRM costs
Card Fees
Total of expenditure on raising
funds
Charitable activities
Alternative Provisions and
education
Staff Payroll costs
Training Support Costs
Other costs
Governance costs
Independent examination		 Unrestricted
funds
2023
£
6,661
28,000
12,113
8,452
55,226
7,380
7,380
350
350
119
119
63,075
9,549
936
216
10,701
10,701
4,800
66,871
2,988
2,231
76,890
1,080
1,080		 Restricted
funds
2023
£
52,800
-
-
-
52,800
-
-
-
-
-
-
52,800
-
-
-
-
-
-
4,459
1,541
65
6,065
-
-		 Total funds
2023
£
59,461
28,000
12,113
8,452
108,026
7,380
7,380
350
350
119
119
115,875
9,549
936
216
10,701
10,701
4,800
71,330
4,529
2,295
82,954
1,080
1,080		 Total funds
2022
£
103,582
-
-
-
103,582
-
-
-
-
-
-
103,582
8,366
1,032
-
9,398
9,398
-
63,747
-
-
63,747
-
-

Page 19

Sound Vision CIO

Detailed Statement of Financial Activities

Total of expenditure on charitable
activities
Employee costs
Staff entertainment
Staff training
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of
General insurances
Advertising and marketing
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 77,970
428
99
527
-
-
293
0
8,645
7
1,170
-
-
466
79
10,661
2,273
2,273
13,461
102,131
-
(39,056)
(39,056)
-
(39,056)
68,732
29,676		 6,065
-
-
-
4,200
4,200
-
262
-
-
-
-
135
-
81
478
-
-
4,678
10,742
-
42,058
42,058
-
42,058
-
42,058		 84,034
428
99
527
4,200
4,200
293
262
8,645
7
1,170
-
135
466
160
11,138
2,273
2,273
18,138
112,873
-
3,002
3,002
-
3,002
68,732
71,734		 63,747
-
-
-
2,800
2,800
65
201
3,174
-
13,997
73
-
14,458
148
32,116
2,472
2,472
37,388
110,533
-
(6,951)
(6,951)
-
(6,951)
75,683
68,732

Page 20