Sound Wision CIO Charlty No. 1172980 Company No. CE009949 Trustees. Report and Unaudited Accounts 31 August 2025
Sound Vision CIO Contents Pages Trustees, Annual Report Independent Examiryer's Report Statement of Financial Activities Balance Sheet Statement of Cash flows Notes to the Accounts IOto17 Detailed Statement of Financial Activities 18to19 Page I
Sound Vision CIO Trustee5 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 iiugusi 20£). 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 Dirertors and Trustees The Directors of the charitable company are Fts Trustees for the purposes of charity law. The following Directors and Trustees served during the year: N. Bull M. Chambers PJ. Gibbons A. Maw M.F. Stride Morrisby C. Watt Accountants The Waldron Partnership Ltd 30 Circus Mews Bath BAI 2PW OBJEcfivES AND AcfiviTIES Objectives and aims 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 Wision CIO Trustees Annual Report Public benefit: Launched in 2017, Sound Vision's work spans Bath and Northeast Somerset and Wandsworth in Southwest London. We are a charity with a core focus on reducing loneliness, isolation and lack of social and economic opportunity. We 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. Our programmes deliver two primary outcomes: 11 Improved career trajectory, employability or re-engagement with education. As a result of gaining: Industry skills- technology, radio. music. audio. production, performance and post-production. Soft skills- confidence, teamwork, interpersonal. - Transferable ski11s- communication (verbal and written), CV and interview, time management, problem-solving. 21 Improved mental health outcomes. As a result of feeling: Empowered - improved self-esteem and belief from 3 5UPPOrtive environment, skills development and using radio and music as a creative outlet or therapy. Connection - reduced loneliness, ability to make friends using improved and new-found confidence and comms skills. 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 organi5ations 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: Communication and interaction {e.E. autistic spectrum or speech and language difficulties) Cognition and learning li.e. learning disabilities). Social, emotional and mental health Sensory and/or physical (i.e. visual, hearing or physical health difficulties). Sound Vision have a strong legacy and focus on young people, but we a150 have programmes for adults, and are inclusive of the following: Mental Health Conditions e.g. Anxiety, Depression Learning difficulties e.g. Dyslexia. Dyspraxia. Attention Deficit Hyperactivity Disorder (ADHD) Autistic Spettrum Disorder {ASDI Physical disabilities and medical conditions e.g. Epilepsy, wheelchair users, hearing or visual impairment ACHIEVEMENTS AND PERFORMANCE Charitable activities For the year ending August 2025, sound Vision has primarily focused on delivering in-school and open access training programmes under our Sound Academy setvice line. Page 3
Sound Vlsion CIO Trustee5 Annual Report Sound Academy: Young people and adults learn audio and radio skills in a studio environment. 11 After School Training-The is an after-school club style training opportunity- While making radio or podcasts young people develop skills and express themselves in a safe and supportive environment. Trainees can achieve nationally recognised qualifications. typically a Bronze Arts Award. 2) Alternative Provision A meaningful learning experience for students w40 are not th", ii'ing in a +raditional classroom environment. Partnering schools identify students, typically Years 8- 10, who would benefit from an alternative approach to classroom learning. We deliver this intervention in-school. 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 re-engagement with mainstream education and school life. We also monitor the impact of the inter4ention on wellbeing through the Warrick Edinburgh scale of mental health. 3} Enhanced skills for SEND- I:1 SEND support in communication skills sessions aligning with EHCP, HERS or home education plans. These interrfentions are delivered within Thrive practice which is a trauma-sensitive framework for supporting young people's social and emotional development. 41 Pathway to Employment- Customised learning using a mix of workshops, mentorin& traineeships and work placements for all ages and abilities. We focu5 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 offer opportunities for work placement for Years 10 to 13 at mainstream and specialist schools and FE collages. The year in numbers: 103 direct beneficiaries {IOO+ indirect beneficiaries across families, carers and educational supporters). In the context of the CIO'S annual costs this can be considered as an average social investment of £870 to help enable the wellbeing, employability and opportunities of participants to lead a life of their choosing. 64% of beneficiaries are identified neurodiverse and 60% requiring additional needs (SEND) support. 6 Bronze Arts Awards achieved in a 4.5-day work placement. This was successfully piloted this year to build capacity in future years to gain a recognised qualification in under a week. 18 people support the work of Sound Vision as staff, trustees or volunteers. 65% of the core team have come up through our training programmes. - 6 collaborative partnerships {Youth Connect southwest. Riverside Radio, Midsomer Norton Schools Partnership, Fosse-way School, Newbury Manor School, Somer Valley FM.) Funding and Funders Sound Vision receives revenues from contracted seniices but is heavily relianton donations and grants to ensure consistent delivery of our skills-based learning programmes. The trustees would like to take this opportunity to show their appreciation for the generosity of our regular donors. Regular unrestritted income allows us to respond to requests for immediate support to deliver critical services to those most inneed, without undergoing grant application processes. Page 4
Sound Vision CIO Trustees Annual Report The trustees are especially grateful to the volunteers and listeners of Riverside Radio for their Spring fundraiser Charlie's Challenge which raised £6.000 for the work of Sound Vision. 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 gratitLsde for the funded support of The Foyle Foundation, toward core costs, The Sunrise Foundation, supporting our work with neurodiversity, and The Wimbledon Foundation supporting our Wandsworth based programme. This year the focus was concentrated on sustaining and growing our in-school interventions. Trustees were aware of the growth potential of unrestricted income from educational service commissions due to increase demands on these services from multi-academy trusts. Getting arrangements in place took longer than anticipated which essentially meant that increase in this revenue was delayed until the 2025126 school year and is therefore not included in this reporting year. With the known increase of unrestricted revenue, it was necessary to make use of restricted fund5 to overcome potential issues of cashflow. This was a temporary situation which span5 two financial reporting years and was done in the knowledge that it posed no threat to our obligations to funders in delivering the required outcomes associated with project-based funding. While there is no doubt that that Sound Vision faces similar challenges in the current economic climate to other third sector organisations delivering frontline and early intervention services trustees are steadfast in their conviction of the need for Sound Vision. Foundations have been laid and collaboration5 negotiated in this reporting year to grow educational and third sector partnerships in 2025-26. In order to maximise our capacity to help with significant social challenges in young people around loneliness. isolation and lack of opportunity we will be broadening the basis of our in-school interventions to include a range multi-media and creativity activities. FINANCIAL REVIEW The trustees aim is to hold unrestricted resepies of 3 months average expenditure which will allow Sound Vision to operate for 3 months if there is a gap in funding. As at the 31st August 2025 there were negative unrestricted funds although as explained above this was due to a temporary cashflow constraint. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 21)06. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP {FRS 102). Signed on behalf of the board P.J. Gibbons Trustee 24 March 2026 Page S
Sound Vision CIO Independent Examiners Report Independent Examiner's Report to the trustees of Sound Wision CIO I report to the charity trustees on my examination of the financial statements of Sound Vision CIO for the year ended 31 August 2025. Responsibilities and basis of report As the charity's trustees ot the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Art. Having satisfied myself that the financial statements of the Charity 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 financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Dirertions given by the Charity Commission under section 145151 {bl of the 2011 Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act- or the financial statements do not accord with those records: or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements 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 financial Statements to be reached. Marco Andrew Martin FCCA The Waldron Partnership Ltd 30 Circus Mews Bath BAI 2PW 24 March 2026 Page 6
Sound Vision CIO Statement of Financial Artivities for the year ended 31 August 2025 Unrestrirted funds 2025 Restricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments 31,250 22,818 35,490 66,740 22,818 64,133 11,985 1,500 164 57 57 Total 54,125 35,490 89,615 77,782 Expenditure on: Raising funds Charitable activities 1,105 77,822 9,440 1,105 94,830 10,640 11,854 98,584 12,248 17,008 1,2CKI Other io Total 88,367 18,208 106,575 122,686 Net gains on investments Net expenditure Transfers between funds li (34,242) 17,282 116,960) 144,904) Net expenditure before other galns/(losses) (34,242) 17,282 (16,9601 (44,9041 Other gains and losses Net movement in funds {34,242) 17,282 {16,960) 144,904} Reconciliation of funds: Total funds brought forward 26,830 26,830 71,734 Total funds Carrled fonmard (7,4121 17,282 9,870 26,830 Page 7
Sound Vision CIO Balance Sheet at 31 August 2025 Company No. CE009949 Notes 2025 2024 Fixed assets angible asse:" 905 521 905 521 Current assets Debtors Cash at bank and in hand 14 905 5,316 25,095 30,411 (4,1021 26,309 12.947 13,852 (4,887) 8,965 Creditors: Amount falling due within one year Net current assets 15 Total assets less current liabilities 9,870 26,830 Net assets excluding pension asset or liability 9,870 26,830 Total net assets 9,870 26,830 The funds of the charity Restricted funds Restricted income funds 16 17,282 17,282 Unrestrirted funds General funds 16 (7,4121 (7,412) 26,830 26,830 Reserves 16 Total funds 9,870 26,830 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 24 March 2026 And signed on its behalf by- P.J. Gibbons Trustee 24 March 2026 Page 8
Sound Vision CIO Statement of Cash flows for the year ended 31 August 2025 2025 2024 Cash flows from operating activities Net expenditure per Statement of Financial Activities (16,9601 144,904} Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Other gains/losses Decrease/llncrease) in trade and other receivables Increase/{Decrease) in trade and other payables 354 (571 293 (1641 4.411 785 {1,5861 {1,4471 Net cash used in operating activities (11.467) {47,8081 Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments {738) 57 164 Net cash lused in)/from investing artivlties 16811 164 Net cash from financlng artivitie5 Net decrease in cash and cash equivalents (12,1481 (47,6441 Cash and cash equivalents at the beginning of the year 25,095 72,739 Cash and cash equivalents at the end of the year 12,947 25,095 Components of cash and cash equivalents Cash and bank balances 12,947 25,095 12.947 25,095 Page 9
Sound Vision CIO Notes to the Account5 for the year ended 31 August 2025 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by l)dl Itlf). )LOLvI I IfllL vi rneLUlllI Iigi Idgu ri dLtIL¢ dlJVtILdt)ie Iv Liidi Ilies Fji Iiig Èiieii dLLOUIILS In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2015) - (Charities SORP {FRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 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 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestrirted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/llossesl on investment assets This includes any gain or10ss on the sale of investments. Page 10
Sound Vision CIO Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT 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 attrarting voluntary income, iJr,d,"aiSbfis tr- Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. 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. 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- i1*¥es Grants payable Governance costs Taxation The charity is exempt from corporation tax on its charitable activities. Tangible flxed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures and fittings 25% straight line 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. Page 11
Sound Wision CIO Notes to the Accounts 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 sneei. I ne asseis OT Ine pian are neia separaieiy Trom Ine company In Inaepenoeniiy aominisiereo funds. Receipt of donated goods. facilitie5 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 private company limited by guarantee and consequently does not have share capital. 3 Statement of Financial Artivities - prior year Unrestrirted funds Restricted funds Total funds 2024 2024 2024 Income and endowments from: Donations and legacies Charitable activities 49.133 11.985 1,500 164 15,000 64,133 11,985 1,500 164 Other trading activities Investments Total 62,782 15,01)0 77,782 Expenditure on: Raising funds Charitable activities 11,854 35,776 11,854 98,584 12,248 62,808 Other 7,256 4.992 Total 54,886 67,800 122,686 Net income 7,896 (52,800) {44,904} Net income before other gainsl(losses) Other gains and losses.. Net movement in funds 7,896 {52,8001 144,904) 7,896 152,800) 144,9041 Reconciliation of funds: Total funds brought forward Total fvnds carried forward 18.934 52,81X) 71,734 26,830 26,830 Page 12
Sound Vision CIO Notes to the Accounts 4 Income from donations and legacies Unrestrlrted Restrirted Total Total 2025 2024 Grants Received Major Donors and one off donations Regular donations Gift aid 6,001 35.490 41.491 15.001 10,718 10,718 28,376 11.441 3,090 31,250 11,441 3,090 66.740 13,001 7,755 64,133 35.490 5 Income from charitable activities Unrestricted Total Total 2025 2024 Alternative Provisions and education 16,725 16,725 11,985 Staff Payroll costs 6,093 22,818 6,093 22,818 11,985 6 Income from other trading activities Total Total 2025 2024 Organisational development 1,500 1,500 7 Income from investments unstrICted Total Totsl 2025 2024 Interest received 57 57 164 57 57 164 8 Expenditure on ralslng funds Unrestricted Total Total 2025 2024 Costs of genemting voluntary income Consultancy and subcontractors 10,753 CRM costs 994 994 950 Card fees iii iii 151 1.105 1.105 11,854 Page 13
Sound Vision CIO Notes to the Accounts 9 Expenditure on charltable actlvities Unrestrirted Restrirted Total Total 2025 2024 Expenditure on ch(7ritable activities Alternative Provisions and education 15,973 17,008 32,981 79,998 Staff Payroll costs Training Support Costs Charitable donations 56,195 1,074 3.500 56,195 1,074 3,500 13.774 3,732 Governance costs Independent examination 1,080 1,080 94.830 1,080 77,822 17,008 98.584 10 Other expenditure Unrestritted Restricted Total Total 2025 2024 Staff training and entertainment 1,220 Travel costs 43 43 Premises costs 4,550 354 4,550 354 3,850 293 Depreciation of fixed assets General administrative costs 2,643 968 2,643 2.168 3,984 2,419 Legal and professional costs 1,200 1,200 10,640 12,248 11 Net expenditure before transfers 2025 2024 This is stated after charging: Depreciation of owned fixed assets 12 stsff costs No employee received emoluments in excess of £60.000. 354 293 Page 14
Sound Vision CIO Notes to the Accounts 13 Tangible fixed assets Fixtures and rrttings Total Cost or revaluation At I September 2024 Additions 1,172 738 1,172 738 At 31 August 2025 Depreciation and impairment At I September 2024 Depreciation charge for the year At 31 August 2025 Net book values 1,910 1,910 651 651 354 354 1,005 1,005 At 31 August 2025 At 31 August 2024 14 Debtors 905 905 521 521 2025 2024 Trade debtors Prepayments and accrued income 1,800 3,516 5,316 905 905 15 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxes and social security Other creditors 1,113 1,980 363 2,926 96 Accruals 1,431 4.887 1,080 4.102 Page 15
Sound Vision CIO Notes to the Accounts 16 Movement in funds Incomlng resources At31 Resources expended Atl {including September other 2024 gainsliosse51 August 2025 Restricted funds: Restrirted income funds: London Community Foundation Wimbledon Police Trustees Fund NR AS Arts Council Studio to Stage Sunrise Foundation - Positive Pathways Quartet NR After Schools 9,877 9,877 ii,000} (1,171) 1,171 19,962 3.480 (12,557) {3.4801 7,405 Totol 35,490 (18.208) 17,282 Unrestricted funds: General funds 26,830 54,125 (88,367) (7,412) Total funds 26,830 89.615 {106,5751 9,870 Purposes and restrictions in relation to the funds: Restricted funds: London Community Foundation Wimbledon Police Trustees Fund NR AS a fund to support after schools training in the Wimbledon area. a fund to support after schools training in Midsomer Norton area- specifically pupils with Autism. 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. Quartet NR After Schools a fund to support after schools training in Midsomer Norton area- specifically pupils with Autism. 17 Analysis of net assets between funds Unrestrlcted fvnds Restricted funds Total Fixed assets 905 {8,317) (7,412) 905 Net current assets 17,282 17,282 8.965 9,870 Page 16
Sound Vision CIO Note5 to the Accounts 18 Reconciliation of net debt Atl September 2024 At31 August 2025 Cash flows Cash and cash eouivalents 25.095 112 1481 1?947 25,095 (12,1481 12.947 Net debt 25,095 (12,1481 12,947 19 Related party disclosures 2025 2024 Transartlons wlth relatedparties Nome of reloted poty Description of relationship between the porties C. Watt Trustee Mr C Watt is a Dirertor of Somer Valley Description of transartion FM. During the period training facilities and general amounts at Somer Valley FM were utilised and involved paid for to deliver the programme. Amount duefrom/lto) the related party Controlling party 270 Page 17