Charity registration number.. 1178026 SOUND WORLD TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Whitestone Accounting Ltd 15 Whiteladies Road Bristol BS8 IPB
Sound World Contents Page Trustees, Report Accountant'5 Report Statement of Flnancial Activitles Statement of Financial Position Notes to the Financial Statements The following pages do not form part of the statutory accounts.. Detailed Statement of Financial Activities io
Sound World Trustees, Report For The Year Ended 5 April 2025 The trustees present their report and the financial statements for the year ended 5 April 2025. Objectives and Activities Alms and ObJectlve$ The advancement of publlc appreciatlon and knowledge of classical muslc (including contemporary classlcal muslcl. The promotion of musical education, knowledge, creativity and composing skills of, in particular but not exclusivelyi young people. Significant Actlvltles land without music? A 23-part podcast series looking into the he8lth of music In the UK. The series featured leading figures in music, education, medical research and AI. Guests included.. Dame Evelyn Glennie Je55 Gillam lorg Widmann Nico Muhly Sally Beamish Prof Peter Flach Prof Dai5t Fancourt Dr 13in McGilchrist Kadiatu Kanneh-mason Cotnposition Workshop at Bristol University_ Sound World Group performing and recording composltlons by post-graduate composers, led by Mlchael Ellison. Fundraising In relation to a proposed Sound Wold Group residency at The Mount Without. Publlc Beneflt A land without music? A 23-part podcast series looking into the health of music in the UK. Cotnposition Workshop at Bristol University - Sound World Group perforrning and recording compositions by post-graduate composers, led by Michael Elllson. Fundraising In relatlon to 8 proposed Sound Wold Group residency at The Mount Without. The trustees confirm that they have cornplied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Achievements and Performance Main Achievements The podcast series A land without music? featured episodes on the value of music, music in education, music and health, AI. arts funding a well as full length interviews with some of the guests. It has, to date, reached over 5000 individual listeners and formed a significant part of the Sound World campaign in support of rnu5ic, highlighting the inadequate 5UPPQrt it receive5 frotn government. Lt led to a number of opportunitie5 to bring the subject to wider attention including being invited to make a presentation to the All Party Parliamentary Gmup on Music Education in the House of Lords. Flnan¢lal Revlew Financial Position The charity's financial position 15 in sufficient health to meet all obligations over the next year but a series of disappointing fundlng outcomes have severely impacted our abllity to develop new projects. Reserves Pollcv The reserves policy agreed by the trustees is IOWD of annual spending. Page I
Sound World Trustees. Report {continued} For The Year Ended 5 April 2025 Reference and Administrative Details Tru5tee5 Dr Sadie Harrison Chair Mrs Catherine Freda - Secretary Dr Rageni Sangha Mr John Stagg Treasurer Charity Number 1178026 Principal Address 40 High Street Claverham Bristol BS49 4NE Accountants Whitestone Accounting Ltd 15 Whiteladies Road Bristol BS8 IPB Page 2
Sound World Trustees. Report {continued} For The Year Ended 5 April 2025 The trustees, report was approved by the board of trustees and signed on its behalf by.. Mr John Stagg Trustee 0210212026 Page 3
Sound World Accountant's Report For The Year Ended 5 April 2025 Accountant's report to the board of trustees on the preparation of the unaudited statutory accounts of Sound World for the year ended 5 April 2025. In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial Statements of Sound World for the year ended 5 April 2025 which comprise the Statement of Financial Activitie5 (including Income and Expendlture Accounti, statement of Financial Posillon and the related notes from the charity's accounting records and from information 2nd explanations which you have provided us with. This report is made solely to the board of trustee5 of the charity, as a body, in accordance with our letter of engagement dated . Our work has been undertaken solely to prepare For your approval the financial statements of Sound World, and state those matters that have agreed to state to the board of trustees of the charity, as a body, in this report. To the fullest extent perlted by law, we do not accept or as5urne responsibility to anyone other than Sound World and its board of trustees, as a body, for our work or for thls report. It is your duty to ensure that Sound World has kept sufficient accounting records and to prepare statutory financial Statements that give a true and fair view of the assets, liabilitie5, financial p051tion and surplu5 or deficit of the charity. You consider that Sound World is exempt From the requirement to have a statutory audii or an independent examinatlon for the year ended S April 2025. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the 3ccuracy or completeness of the accounting records or information 3nd explanations you have given to us and we do not, therefore, express any opinion on the financial statements. 0210212026 Whitestone Accounting Ltd 15 Whiteladies Road Bristol BS8 IPB Page 4
Sound World statement of Financial Activities For The Year Ended 5 April 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Other trading activities other 104 2,325 37 3.380 2,831 2,466 6,211 EXPENDITURE ON: Charitable activities.. Charitable activities 11,7531 13181 111.2041 11,3771 Support costs 12,07LI 112,5811 NET INCOME/(EXPENDITURE) 395 16.3701 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 395 16,3701 12,2161 4.154 TOTAL FUNDS CARRIED FORWARD 11,8211 12,2161 The notes on pages 7 to 9 form p3rt of these fin3nci31 statements. Page 5
Sound World statement of Financial Position As At 5 April 2025 2025 2024 Unrestricted funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 129 242 129 242 Credltors: Amount$ F)Illng Due Wlthln One Yeor 11,9501 12,4581 NET CURRENT ASSETS (LIABILITIES) 11,8211 12,2161 TOTAL ASss LESS CURRENT LIABILITIES 11,8211 12,2161 NET UABIUTIES 11,8211 12,2161 FUNDS OF THE CHAIUTY Unrestricted Funds 11,8211 12,2161 TOTAL FUNDS 11,8211 12,2161 On behalf of the tx)ard Mr john St3gg Trustee 0210212026 The notes on pages 7 to 9 form part of these financial statements. Page 6
Sound World Notes to the Financial Statements For The Year Ended 5 April 2025 l. General Information Sound World is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1178026. The principal address Is 40 High Street, Claverh3m, Bristol, BS49 4NE. 2. Accountlng Pollcles 2. 1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "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 IFRS 1021 (effective I January 20191. Financial Reporting Standard 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland 2nd the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestrlcted funds can be used In accordance wlth the charitable objectives at the dlscretlon of the trustees. Designated funds comprise unrestricted funds that h3ve been set 3side by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial 5tatetnents. 2.3. Incoming Resources All income isrecognised in the Statement of Financial Activities once the charity ha sentitlement to the funds, it is pmbable that the Income will be received and the amount can be measured reliably. 2.4. Resources Expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cornmitting the charity to that expenditure, It is probable that 3 transfer of economic benefits will be required In settlement and the amount of the obligation can be rneasured reliably. Expenditure is accounted for on an accrua15 basis and ha5 been classified under headings that aggregate all cost related to the category. Where costs cannot be dlrectly attributed to P8rtlcular headings they have been allocated to artivities on a basis consistent with the use of resources. 2.5. Taxation The charity is exempt fmm corporation tax on its charitable activities. 3. Income from Donatlons and Legacles 2025 2024 Unre$trlcted Unre$trlrte funds funds Donations and gifts Member subscriptions and sponsorships Grants 58 104 3,322 104 3,380 Page 7
Sound World Notes to the Financial Statements (continued) For The Year Ended 5 April 2025 4. Income from Other Trading Activities 2025 2024 Unrestrlcted Unrestricted funds funds Income from other trading activitie5 Sponsorships Fundraising events 1,275 1,050 1.844 987 2,325 2,831 5. Other Income 2025 2024 Unrestricted Unrestrirted fund$ fund$ Royalty, licence and simllar receivables 37 6. Average Number of Employees Average number of employees during the year was.. NIL12024.' 1 7. Creditors.. Amounts Falling Due Within One Year 2025 2024 other credltors Accruals and deferred income 1,440 510 1,440 1,018 1,950 2,458 8. Movement in Funds As at 6 Aprll 2024 As at 5 Aprll 2025 Income Expenditure Unrestricted funds General.. General unrestricted fund 12,2161 2,466 {2.0711 11,8211 Total funds 12,2161 2,466 {2,0711 11,8211 As at 6 Aprll 2023 As at 5 Aprll 2024 Income Expenditure Unrestrieted funds General.. General unrestricted fund 4,154 6,211 112,5811 12,2161 Total funds 4,154 6,211 112,5811 12,2L61 9. Transactions with Trustees Page 8
Sound World Notes to the Financial Statements (continued) For The Year Ended 5 April 2025 None of the trustees received any MUneratIon or any other benefits from an employment with the charity or a related entity during the cUrt or previou5 year. During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows.. 2025 2024 10. Related Party Disclosures There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note. Page 9
Sound World Detailed Statement of Financial Activities For The Year Ended 5 April 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Membership Subscriptions Grants 58 104 3,322 104 3.380 Other trading activities Income from other trading activities Sponsorships Fundraising events 1,275 1,050 1,844 987 2,325 2,831 Other Royalty, licence and simllar receivables 37 37 2,466 6,211 EXPENDITURE ON: Charitable Activities: Charitable artivitie$ Sheet music Travel and subsistence expenses Podcast Interviews Artists fees studio fees Computer software, tr consumables and maintenance Distrlbution costs Subscriptions 1161 11991 11261 18151 15381 18,6731 14101 11.1801 1481 16421 13101 (1,7531 111,2041 Support COSts Marketing and advertising costs Support and administration costs Prlntlng, postage and statlonery Webslte costs Bank Charges Accountancy fees 1601 1951 15521 1251 12901 11711 121 io 15LOI 13181 11,3771 12,0711 112,5811 NET INCOME/(EXPENDITURE) 395 16,3701 Page 10