2025-03-31-accounts

Regl•ternd number: 06859322 Charfty numbor: 11907TS SOCO MUSIC PROJECT (A Company Llmltsd by Guar•nlg8) UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025

SOCO MUSIC PROJECT (A Company Umlted by Gumnl) A•f•ron￿ and Admlnlstratlve D8ts11 of th¢ Charlty.118 Trustw and *th718ers Truslogs, Report Indopend•nt ExamIn•￿$ Raporl Stsl¢merrt of Flnancl41 Actlvllle• B•l•n¢& Sheot 10 Noto9 to th• Flnanclal Stat•m•nts 11-25

SOCO MUSIC PROJECT (A Comp•ny Llmlted by Gu•rant¢e) REFERENCE ￿4D ADMINISTRATIVE DEfAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 318T MARCH 2tr25 Trugtao• R Kum. Chdr S Elbrow. Treasu￿r S A¢harje8. Trustee Dr L Black, Trustee D Ince, Trustee R Lapraik. Trusteo K Maple, Trustee L Whibicks, Trustee R While. Truslge Company Mglgt•rnd number 06859322 Charfty r•gl•tor•d number 1190775 Ilegl•t•r•d olfleo Planet Sounds 40 The Arches Southampton Hampshlre S0143FE M Safvag& Chhf •X0¢ull￿ offlcer M Safvage Accountsnts Xeinadin South East Llmited Secure House Lufftirth Glose Cha￿llerS Ford Hampshire S053 3TL Page 1

SOCO MUSIC PROJECT {A Company Llmlted by Guarnnleo) TRusfEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2tr25 Soco Music Proit has tha fOll￿￿￿j pu￿se8, as spo¢itsd In the organisation's obl•ots In s•ctlon 4 of tho Arbd•s ol O Promote, rn￿n￿n. and athrnice educatlon for tho publlc bon￿￿ by the Prom￿10ft of the Arts, in paiiKular trArt not exclus￿elY the Art of Music. through and thithout limitation- parfomiancos, w￿rkshopS a￿1 tr￿nIng- In order to a¢hiovè indusive and di¥erse enuagèmèni progrossion." r maln aclknties undertaken in rolalion lo these purposes have Ir￿￿d9d a numter ol high qu￿rtY aThl hlgh impact Fyogrammas ol WOTk swp)rted throuoh grant funding. cornmi8siort•d sèrvlc6s and eamed IrKom8. In s•ttlno obJ8cUves and plannlng for acti￿140¥. th8 TTUSto88 have g￿n duè consldgratlon to gen01￿ gUIdar￿ put418h￿l bytho Charlty Qmmlssion rolating to public bgnofft, Includlro the guidaw'Publlc boneltt.. running a ¢harlty {P821'. The 24125 year hAS b88n a time ol consolldalion and dovelopment, buikllng on lh• fitst yoar as an Arts Council Nath)no1 Portfolio Or9anisatlon, and &stablLshiThJ a solld of 0pora￿on at Planet Sourh4s, a lor¥J-staThJlng live musi¢ r•h￿ts space In the ¢entre of Southampton. Across Earfy Yeats, Youth, and Adult progr4rnm•s. thls was a year of growth. innovation. and rèsiliè￿. D8SPrte funding pres8ures. Soco delivered hundred8 ol s&sslons that enrfched INès. bullt conlldence, and fosterad eommunlty connection. The yo81'5 acI)levements demtm#trai• the power of creatNe parbtypatlon to transform indi￿dUal3 •nd communltles alike- from pargnl ongagement arKI strMg ¢ollaboratNe partnerships in our Sustalnable Eaty Years p￿s1t. to our youth-W Emergè F•#fv￿. and Community Loaming showcases. Hgre follows a brethdovm of Soco Mulo Project's Acbwbo$ thè year 202412025. wo ha￿ dfvided Ihese activitie¥ inlo thf•a eategorfes.. Commissionad SaThlc8s. vthere we have bèèn to deliv8T actiwty that #upports benefklarfes based on $P8crfk criterfa or pre-defiwl programme: Grant Funded Pro9rammès, where we have dèsignad a particular programmg of woth bas8d on grant fuFKliThJ that is availthe, ar￿ been sWC8s$lul In recoiwng a grant.. and Addltlonal Acllvlbos, Soco has provhled services that have not receW grant ftJfvJirrfJ ordgllver•J as part ol a ￿ntraCt. Comml•#lon•d S•rvlcg1: Adult 8nd Communlty Leanwjg. £41.000 Contra¢t fvtsm Southampton City Council. a progrtmme ol muslc and leamlng aCtM￿e$ for a number ol beneficiary gTOUPS induding adults vAth leaming diffwllios. ailulis In recovery Imrn substan¢& mlsuse, adutts facing ch￿Ien0e$ their rnon￿ hèalth. aTrJ ohJeT aduts in care hom8s. SLwpO￿npAdl￿ts In R8covery. £lO.000 Comml¥sionèd by CGLto ffjde a range of posltlve creatfve acfvlw thelr dl8nts vtho la￿ ¢hal&rwJ8s wlth drugs and al¢ohol. Funding by ABRI Housing Associalion to d•lfvor prograrnrnes.. Junk thh￿tra and N*lody Mak•rs. fiDm thg Roundabo￿ Café In Mansbrfdge. Pthy& Youlh $￿IC0S. £9,000 Thematic DgINèry Imvslcl- Conlract from Southampton l)ty CouwKil- a programme ol regular rnusk maklno •ngagement actwties for younu pa¢Jple In Southampton, sUPPOrtlThJ th8ir wellbelThJ and progresslon. SIG in SPnngW￿ Sd>¢￿. e18.two Contractfr) dèliver rnuslc curriculurn support for ¢hildr8n attendkng Sprirwll. a pthiary school In Southaftw for chldren aged 4- 11 yèars compl8x leaming drffi¢uhbs. Gmni FuNdod ProgrnmmM: Arts Counthl NPO. £172,000 Core lurKling As part of Arts CouwAI8 Nalonal Portlollo to supwt Soco's prograrnm• overthm yow Fundlng toworth Soco's youth F¥ograrnm?, suppotlng mentorfng, open 89sslons and detached youlh in communrtles across the dty. Page 2

SOCO MLISIC PROJECT (A CompAny Umlted by Guarontofr) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31ST MARCH 2tr25 Haftwhlrn A￿sle Hub £3,000 Par1￿1¥hIp fvnding from HampsI￿rn Mu¥ir EwJrt children and young peoplè lth SEMH Isodal, emotional montd h•allhl chdl6ro05, through holiday advlty, afterschool pwrammès and weekend 505sions. Youlh Music Catysw- £IOO.000 (ovw3yearsJ Conthnuing the development ol th• Sustalnable Eady Years Musle ISEYM proorammè. w• AII grow the proieet to Includa thè SUPFQrt ol childmlnders that ￿¥>11( lth und8r 5s wth atlditional andlor complex no￿S. SEYM focuses on pwsion for E•ty Yaars childr8n in challgnging ¢cumstan¢es a￿or with SFdal 8ducatlonal ne$ds An￿01 disatrflitlgs ISENM.) Th& tlweg core intèrrelated key are45 of athty in our SEYM are.. ￿llabOrath laalitation. kn¢￿edue-eX¢hange, Soco Music Projoct contlnues to t￿11￿ on the w)rlt that k has (levelopod aNI delfvered since its incetylon Sn 2008. Turnover for 24125 of £399.911 has continued to u$ to prov¥Je o stroTrJ (lolivory prograrnme, wjth Arts Councll's NPO lundiNJ p￿￿d1￿j Vit￿ funding for core team members and ovetheats. Ourknw muhi yearlunds have m&de a significant impact. Our role as an Arts Coundl Natlonal Powlfr>lio OffJartisalon INPOI has pro¥Aded stalmlity and ¥ lourKlthn lor growth. As w•ll supwrbng our core areas ol engagernerrt tt has amowed us to d8¥eh)p a new offer. tho Music Industry Office, provKlirto a rAnge ol suppjrt lor mu$ityons in the region in¢luding mastgrdass8s and netWo￿l¥J. baspoke support afid with An asplratlon to d8velop r8s0tsrces and map or4)ortufiiknos bg$t practico in the regi￿. W• have conlnued to del￿r a strong Eady Years Programma through thg Youlh Music's Cata￿81 fund, Providlng £100.000 ov8r 3 years to devglop our SustalnatAe Early Yaaryd MUS￿ ISEYM) programm•. In Awil 20T3 V￿ took on Planet Soun(ts. a centralty located liv¢ muslc rehearsal Sp￿. We have continued to njn it as a rthearsal ¥enue, wthile ulilisino th• spa¢0 ￿riThj the dayAek8Nls for Ixmmunity and youth acbwtses. W? #ro pl•as8d to share here a $umm8ry of our achievement¥ durfn9 24125. morè infom)alon ajout current and prwou$ projets can ￿ found on our websitè: w¢A¥.$¢wmusicprolect.org.uk Eaty Y•#ts IAU The Sustalnablè Early Years Music ISEYMI project continued to thrfve a¢ross 2024R5, $lrgffjth•nlng its impact on chlklr¢n wilh addition￿ n•8ds and the pracltDon9TS $upporfThJ thern. Ar10￿ th• yoAr. SEYM opeTatsd in nurseries, preschcrf>ls, schools. and chiklmindlng settings. engaging ovar 80 chlldren and 50 pradlonors through stru¢tuNJ ladlhatton, mentoriw. and ¢01I8b)rat￿e tralning. Th8 [￿018¢1.9 tramè%wJtk eornbined direcl Mus￿1 faclmation, mentoring. aNI professlonal relloction. ￿1p1Th￿ 8mbed mu31 as a sen80ry, èmotion￿. social. aThJ cognitNe ttsjl. The YJrk was highw r•sponsN8, frorn sessions SUFrfJOrtlThJ Indlwdual translilons to primAry sthool, to Eyoup knlfftatlon for Und9r-18-m￿ih￿￿ls, an gm8rging area offoc￿. Strategical￿. SEYM $tr•ngthened its cro&s-sector partI￿rShipS with Springw811 Schod, the Eaty Years Athsory Team, and new academic links wlth the Unwer&ty of W1￿h•s1•r, la￿ng foundathins lorluture research ¢ollaborallons. Partnershlps wlih communmy oTganisation8, irludfing Hone￿￿ts, also ext•ndad SEYM6 reach ts lamili•s and young Highllghts Incl￿ed s￿in￿lI.s Year R cpen day¥ and parent coffee rnomingl. both 8mtling SEYIA'S prac￿¢• Sn famity •ngagemenL Parents of naurodiverse ¢hildren de8cribad the sesslons as'•ywiwnlThJ' and Iransformalvè.. leadlng to ongoing parent requos foreonsUttat￿n and 8UPFQrt. By 04, SEYM'S smje￿rèd pathlpatlon rnodel Isragos 1- 31 demonstrated sustwnablllty- several $èttlngs had moved lo indepeThJent faulitation. and SEYM mentoring resources were belng used by new waetitloners a¢ro¥s thè ¢tty. Wth ehlldmlnde¥s re-enuaglng the prograrnmg now supwirtlng chiklren transitioniNJ lo main6trearn schools. SEYM has malur8d Into a rnodel ol I￿lUSIVe, research-inforrngd musk practlce Ihat 18 both flathle aThJ embeddèd In Soulhampton's •all￿YearS neiwork. Y￿th Programmes Throughoul 2024125. Soco's Youth Pwramm& dèliwr•d an ambNh)u$ mlx of op8n acceBS wslons. 1.1 mento￿ng, (Jètachod Y￿th wort And u•ab¥e Projects lor young wpla aged 12. 18. Dgspit• a thdl8nging fundirrfJ larnlw, the Page 3

SOCO MUSIC PROJECT (A Company Llmlted by Guarnnteo) TRUSTEES. REPORT {coKfiNUED) FOR THE YEAR ENDED 31ST MARCH 2025 prograrnmè M￿nt￿n8d ￿nSL%￿nt atteThdancs and $trong outcomes acro$8 ¢v•ry quartor. Cen sessions in ThomhS11. lthllbrook, and central Southampton r8rn￿ned al th? heart ol d81Nery. dongSKle sporiali5t 1.1 studio mentoring for r8ferre(l your¥J p8oplg through agand8s such as No Llrnit8. th& Youth JustKe SeN¢8. aTrJ l¢)¢al authorit￿8. Delarhed wtraach reached hundre(ts mor•. bulkllng Intsl with young peopl8 OtheTh￿se d¢sconne¢tod from form￿ seNco3. saw the youth-led Emèroè Festival. a malor highlyhl. Pknnod. curatsd, and delNeTed bytgn young people first 8ncountsred on detathèd sèsslons. th• lestwal sfv)wcased 16 ywth acts across threa stages in Hoglands Park. The evonl 8x•mplMod SoCo'8 ethos ol oMF￿nnent. from thane• èrKounteTS on th8 Str￿ to18ad8tship and pr&Jucfjon ro￿ Q3 and a4, Soco's Youw prolact offered thre? 12.w••k podcast aThJ radio aca(Iwnig& co4elNefed wllh South•mpton Clty College. Partipants lèamed technical and comrnunlcation 9Wlls, ￿lUCIr0 po(kgsts on thames frorn book¥ to youth issues. Case sttYi95 $h¢)w slgnthcant personal devglopmènt- on& youThJ parb¢iP4ffl r￿￿1#d,.1 lèarned h¢)w to •xpr8ss mysdl and say what l 8nd paoplo Ilstened." Partner¥hips r•maSned key. Soco worked wlh Youth OpJons, Zoie Logi¢. and Southarnpton Young Garers. runnlNJ events tackling anti40clal tehamour, ￿lIbeing. and Incluslon. Des￿le the end of dot4th•d delivery in Q4, the mramm• rnwntain8(l •ngagem•nt wilh over 1.800 youth int•ractlons across the yts4r. Staff also undertook safeguardiNJ and group litats)n training. 8nsurfrrfJ wality and 8afgty a¢rtsss prowsion. Though reduwl lunding led to restructuring, Ihg mièw process Klenlified clear worities for neyt year: strengthon rnentoriThJ pathways. targated partnerships, and mor¢ youlh-led programming that alKJns vhth the OTganisation'$ sou￿. pres¢rfbiw modal. Adult and Commun￿L9M￿ng The Comrnunty Lgaminy Programme contlnued trj providè inctusfve. creatNe oppOrtUnth￿ for adults eyriencing IsolBlion, mental h?anh ¢hallenges, ￿MIng disabil￿•$. r¢¢overy Irorn addiction. OT domonlia. Across the year. Soco dellvered n8arfy 500 rkshops and events, reaching ovèr 250 adults and recording thousands ol instances of partlclpaUon. Programmes such as MUS￿ for Mlnd. Recovery Mu81c. a￿1 Make Some Ntyse offered varlod gntry points- Irorn open acuss songwriting Sèssions lo taithd InleNenlion8 for adults in ￿IdentIal or day servi¢¢s. Ddlv•ry was underpinned by etrd•slgn, ensuring each prouramme rofiected partKyant n¢sd$. K$y successes Include(1 thg Reco￿ry Programmo In partnor8hip wth CGL IChaThJe Grow L￿91. I•￿rir￿j songwrfbng, band ￿rf0MianCe, an(1 vocal groups for &duks In ￿¢0¥ery. The addition o11.'1 sess10ry6 for r•sklgnts at Patrfck Hou6e (St JAm•$' fv)stell prowded intensN& $UPPOrt, t￿sting conlidenco Arx1 musal [ryre￿on. Thè Mako Some Noise pyogrammo gréw substanlalty, delNering to M￿￿pIe leamiTrJ-dlsatMlity day $•Me8s (Way Ahead, R Communlty. aThJ WiTrJwardl. Pwbtronar r&ll8dlon hlghlighted muslc as'a form ol cornmunicatyJn that t￿lId$ confId8n￿, ¢oordinalon, and se1fwre5s￿￿." ￿￿th partlclpants aChI8￿ng unewtsd Mus￿￿ and growlh. ommunlty wollbeiro a180 gyparnlad through Ilansbridoe Mak# Makws, La La Club. and Musle Actlve Icare-home resid8nd•s supporting PeOFAe with dèm8ntial. Soco devdoped n8w ￿lOts- Accessi￿¥ Radio and Muslc, Vth•ment & Th?atr¥- to launch in 2025, extendinu croa1￿ty Into person￿ 5toryt•lllng and physical wellteino. Wg nurtur8d partnerships wth Abfi Housing. SCIA. Southampton Day Se￿¢&S. and local mgntal hoalth n6￿￿thS. Soco so attended the Adutt Learning celobrth.on Event, where participants and staff ￿re recognisod for achlevements. (h8rall, th• programmg demonstratgd how sustained. hIgh44u￿lty cr8ativa èngagom8nt can support r8eovory, soclal conn$ctlon, and community prhY•. Now 0ov8lowent Soco's commitrnent lo supporting èm•rglr¥J musk creators eonllnu•d thrO￿h Its sbxllo m•ntorshtps and showcase pathways. Across youth and •Jutt Fxogramrnes. participants mov8d Irom InStlal wothshops inlo r•eordlThJ, rnI￿ng, and INe pformarth opportunloes. New creat￿8 strands- 8uch a¥ lh¢ Young VoSces Fodcast aGadgmy and the Accessible Radlo project- hlghlSght a strategic m¢M towards develo￿n0 d19ft￿ and broadcast skllls. The rnonto￿ng model now includes oppurlunrtiès lor graduates to acc￿ Ir•e studlo tlme. and progr•sslon Into artlst dgvelopmgnt or musle-lndustry mentoriNJ *ith prol8sslonds. Page 4

SOCO MUSIC PROJECT IA Company Llmltod by Guarnnte•) TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31ST MARCH 2(r25 Sounds ol southam0￿] Vol 4 prO￿d•d an excellgnt opportunty for em?rging rnuslclans b acce¥$ m•thlng SUFVOrt, releasing their musi¢ both ind1vk1u￿ty and through tho Sounds of Southampton Compllation aljum. Pract4tion8r reffeclion wsi)n$ a￿1 CPD days akn fo$lèrad now music leadgTrlMp. supportlng trainee¥ to dèslgn and del￿er thelr own eroagomèm proJ8Cts. lor instarKg, the Song In a Day rAlot I￿1 by a train09 music leader or•w Into prograrnme lor athjtts l•amltvJ dlsablllties. Th$ Mu$1¢ Industy Ollice IMIOI pwdèd stNctured progression rothès for young mu8l¢lans and creatives. Part￿1pants uraduatlrwj from the 1.1 Fogramme could progrfrss to mentoring th stabllshed arb8ts. 1g¥ding towards protssslon developmngnt, rnl•asè strat￿1￿, and Indu¥by noiwoMng. Showca89 wnls at Planet SouThJs broughl tog•thgr young artlsts. mèntors. and local Ind￿try prOf•ssKJn￿s, creatlng bul m9n￿l91uI pathways Into cr8ativo ear•aYs. The MIO also bspan plannlng lor a morè frm)al artlst-development roadmap. v•ith dl$Jn¢t Sta￿ from 1.1 engaggm•nl lo m8ntorship aThJ $htr•Kaso. CHAOS Nets Soco contlnues to supwl grassroots ereaiive 8eetorthrough the CHAOS Nètwork, enaL4ing strono8r ¢t￿nectIOnS across disd ￿lneS ithèon artfjsts and community partnets. Particlpation in cross-sèeior meetings such as Soulhampton mant￿ Heatth Nebbryk arKI Pathways 2 H•alth 8Thsured that Soco s programme$ aligned wilh the cW8 ￿￿9[ wo11￿1￿0 agond This ¢ollBt)ration reinfor¢od SoCo'$ plw as a key providor Iwthin Southampton's cr•live hedth ecosystem. bridging art¥. h￿. educatirffl se¢tors to dollvw w•Jenc8-b￿ impad. L•#d• Workfor¢o d8v8lopmenl remained a dvllning theme. Across 2￿. Soco Invested In tr4inirYd. relleclon, aThJ leader¥l¥p pathways for both wacbboners and emèrging artists. Stair part￿1pa￿d in contextual safeguarding aThJ Short Breaks ddivery tr•inlng. whlle a dedicaled $taff away day supported collectiv• relloction on a¢higVgmsnts and challenges. The organisation also nurturod new ￿ent through montorship and co4div•ry'. lacllltators progr95$0d into lThJependent leadership rolo5. This aw)roach, rooted in pBor kamlng and reflectkjn, oxtrmpllfies Soco's ethtss ol l•wJw$hSp through Flnanclal r Soco Music Project ¢Mtinues to develop wtth a totsl lumover In 24f25 of £399.911. Tumover for 23124 was È412.658 m88ning an deug¥s• of £12,747. Funding is split tthaèn 25% Eamed In¢omolCommissioned Servi¢os and 75% Grant FuThJing. Eyponthiuro was È488,643, th18 t¥eak8 to 56% salaiied 8laff. 28% fr8èlance stafflsub¢ontraeiors and 16% other costs. Charfty r&Ser￿ hav• droFyad below £40,0(Xl dutr to ¢a$hlkn¥cha1le￿es. and athough a dlfficuh area to fundrds& for, aim to grow these over thg noxt 3 years. ideally to reach £80,000 by 2028. We ho￿ to achieve Ihis through the adaptation ol a now fuThJTaising Strat￿Y and acc8ssing unrestrictgd funds through alt8maliv• sour￿9 such as corporats phllanthropy and IndivJual gi￿￿0. Soco Music Project 1$ mosly d•pondont on project funding for ddivery ol PTogramrn•s. but Arts Council National Por110110 fvrK1ing ￿lOw$ us to allocate fu￿lS to core ¢osis, including rènL m￿ntenanCe and ¥t•ffing. Soco continues to face challèng•s vAth cash flow duè to A number ol s￿￿￿ca￿t byogramm•s the make paymont in arrèars. Induding our city council funded Adult and Communlty L6amiThJ programmas and elemenls ol our Yolrth W￿Jramme$. These prooramrn85 also span across muttiplè ￿&r$ an(Vor lollow ￿len(lar and aca(lemic yea￿, er•atlng In ar delklts. We have ensurèd that we are able to still cover all cosis due lo thg fvnding mix wlihin the organi$alion and wllh some fluldty bthgn progr8mmo l￿d￿. ¢Jolng conc•m Aft•r maklng approwbate enquiiios, tho TNstees have a ￿4$Onable expectation Ihattha Charfty has adequate to eonlnuo in operatlonal eX￿lane& lor Ihe lores8eablè lulura. Soco has confirmèd Corè FuThJing from the Arts Councll N￿10nd Portfolio until 2028. ensuring that key roles in1gad•rsNp and project rnan4g•m•nt are $￿Jr8. PositNè and valued Page 5

SOCO MU&C PROJECT (A Company Llmlted by Gu8rnnto•) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025 r8lAlonships wrth local authority and key lunders continug to providfr fijnds for delNsry of actlimos, inc1wJ￿g n9W programrnes arouTrJ youth mgnloriThJ and community basad youth provision. Soco is also W0￿r￿j with a furKI [al￿n9 specialist to develop a new fundraising slrategy to further divèrsify Sncome. and lor this roason. they continue lo adopt th• goinu eoncem basis in pryirrfJ th• financial statements. Furthèr detslls regardiTrJ thg adoption ol the going con¢rn ba818 ¢an bo lound In the a￿)unti￿J p)Nd8s. Stru¢tuN gov•rn•nco and m•n•g•rnnl Soco Mu$l¢ Prol•rt Is a Charlty regk4ter•d tha Charity Comm1881on and consllknrted as a Company knth8d by guarantee. Tha gmmlng document for thv charlty18 th8 ￿￿￿e8 ol A8s0¢iallM. Soco Muslc Projert rwnSses that an effe￿1v• board ol Trustees Is esson11￿ ￿ tha charity is ettecfvg in a¢hla¥hng Its ot48cts. The board mu$l 5•8kto be representative ol th• pecfAe with whom the charfty woths and mu¥1 ha￿ avallthe to It l ol the kno￿ And s￿11$ roqulr&J to run the ¢harity. IndNbdual Trusl8es mu$l hava suffbcS8nt knowledge. both ol Truste8ship in genttr￿ and of lh8 chath￿5 4¢tMD•¥. to on￿18 thgm to cary Olrt their rol• and to represont the charity and meetlngs and events. r Trustee Reeruftrnent Polw lavallable here: www.linyurt.eom13by32uyyl sets Out how Soco MUS￿ Proioct re¢rults a robust and effectNe board of TnJstÈes. When it is deerngd nècèssary to reuuf( Ilor oxampla. 11 a trustee leaves or expanslon Is required) we will cary out a skllls audtt. Oncè thè Id•al skill em￿rier1¢e profilè has been identthed. the va¢arty ￿11 b8 adverbsed on Soco Music F¥oject social rnodia platfomis and wcsjriate placas to encourage dwersty and i￿luSIon. Any advertisernent ¥￿11 ke made available in a¢ce¥sibla lomiats. The Trustees rnay choose to make dirgct approa¢h•s to Wofessio￿ bodiès i.¢. RèAch Volunteering. Women on 8oards and oth•rvoluntary organisations e.g Swthamwon Voluntary Se￿￿8 Prefergn¢& should b8 giv8n to these aFprog¢h&s as opposed Io porsonal contacts a6 the Inlentrfjn Is to womote diversity and avoid ¢onlI￿S of Interest. Soco Musi¢ Proleet seeks to ensurg divsrsty In ks board of Trustges and conslderatlon will be gwen to wayE in whlch groy that aro und8r.represented might bo rwhed and en¢oufao¢d to apply. P8W8 •Th4uirfng to bocorne Trustees will bo sant appropriate documentalion kb￿jt the charity and thè rolo ol a TNstee I￿￿ding a Trusto•'iob d9scrfp￿On. arKI ill be ask8d to submit an '&xprgssion of Intw8st' detailing vthat attracted thgrn to Soco Music Prole¢t and why their skillslexperigncè Is a good lit. Foll0v￿Tra Ihis, they VAII be Intwvied by a mlnlmum 012 rrent Tru$tso$ and cwjied onto the Board should tw feel Ihey are suitable lo do so. CThe co￿pIe￿ tsnto th• Board, th8y wll be ob8gNgrs and VAII serve a 4 rnonlh probathonary perfod. durfng wttlch Imo ¢¢ opt•d Truste￿ arg to attond Board mèètiNJs. Co-opted Twstegs b• fom)ally elected at tho AGM. Soco Music Proje¢t employs a CEO that as part ol a leadership leam thAI also a H•ad of Youlh Prograrnm85. a Communlty L•amiThJ Manager. Cwalons Manager and Mu$l¢ Inthsty ONtce Lead. R•lerence #nd •dmlnl8trntlve d•tall# Name ol Charity.. SoGo Muslc Prol8ct Charity Registralion Numbgr.. 1190775 Raglstered office: Soco Mtssk, Planet Sounds. 40 Thè Arche4 To￿1￿8 Terra¢o. Southampton S014 3FE Tntst88S.' Robert John Spew Kum- Cha Stuart David Elbrow- Tr¢8surer Sukanta (Bill) Achwieg Lesley Black Dav5d James Macmillan Ino• R￿ph White Laura Whibicks Kate Maple Trust￿•. rnwn•lbllHl•g •t•t•m•nt The truste88 Iwho arg al¥0 direciors of Soco ￿51¢ Proj¢ei lorthe purposes ol Compary lawl are r8sponsitrAe lor prgparing tha Twstees, Annual Rèport ihe financlal statgmènts In aceordance llh aKyllcabk9 law and Unlw lthr¥J(knm AccounJng Standards IUnW ￿n￿l0￿ Ggn8rÈlly Acceptsd Pago 6

SOCO MUSIC PROJECT (A Comp•ny Umlted by Guorontse) TrUSTEES' REPORT (COP¥nNUED) FOR THE YEAR ENDED 31ST MARCH 2025 Practi￿1. Company law raquirns the trustees lo prepare fIna￿la1 statement$ tr •ach financi￿ year. Under conyny law the tnJ3t••s must not appTOV8 thg financlal stat•rnents unless thèy are Satisfi￿ Ihat thoy a true aThJ lar view of thè $tatè ol att￿r$ ol the charitabl• company and of thè Ir￿ornI￿j resourc8¥ and ￿lea￿On ol resources, including th• income and expendituro. of the charitabl8 comp8ny lor that pernd. In proparing these financi￿ gtatèments, the trusleos arn rgquligd to.. • sd•ct sultable ac¢ountlNJ polklas and then appty thw71 eonslst8ntly; • obs•￿8 the rn8thod8 and pr4nclpl8s In the Charftles SORP 2019 IFRS 102): . mak• I￿ements and 88tirnai¥s that ar• ￿asonable and prud&nt,' ' propar• th8 financlal statsmgnts on thè gdng concom ba¥13 un19ss tt 5s knapwopriata to pros￿& that th• eharltable company ill conttnuè in operntlon. The trustw 8r• r8sponslbb lor keeplNJ adoquate ￿ntIng ro¢ordg that disclose r8ason8ble accuracy at any timg the fina￿tal p0S￿On of tha charitable company and enable them lo ensui• that the financial statgm$nts cowly wlth the Compania$ Act 2006. They ars ￿$0 r•spoThsible for $af•guardlng th assets of the charitable company and hence for taking reasonable slep5 lor the Prevention amd detection ol traud 4nd oth•r I￿Og￿￿rttles. In so lar as the Irustèès ara awaro.. • thèr8 Is no reL8vanl informatlon ol wthich the charitabl• ¢ornpany's examirr ts unawa￿. a￿1 . Ihtr trustees have taken all $t$ps thal they ought to havg taken to make them$alves aware ol any relwant informaion and lo ostsblish that the exarniner 18 awwa of that inlomiation. . th• TrustO8s have given dug ¢onsK1•rallon to generat ouldanc& published by tho Cha￿ty Commission rolaJng to public bgngfft. indudSng the gUKlanc•'PU￿kn bonefit: runniNJ a charfty IPB2}'. Report byoporgd knlth the assista￿ of Matt Sawe (Charity CEO). AH)rov8d by order ofth? memb04¥ 01 the board ol Tw¥l¢K on.1g1.J.Q12Q2& and 5￿nad on their bphall by: RKUM (Chair of Trusioos) Page 7

SOCO MUSIC PROJECT (A Company Llmlted by Gu•rnnts•l INDEPENDEiif EXAMINER'S REPORT FOR THE YEAR ENDED 31ST MARCH 2025 I rwt to th&(artyTnJstqos on my wmlnakn of thB a(wuNS 01 I￿ Charlty forthe yw ￿ 3181 March kX12& R••pon8lblllllM •nd Bwl¥ ol H• As thè TwÈt888 ofthe Charfty larKI its dir¢itys fty ts purposes of rompany W you are rogprribknforth• of ts acwJnt4 rdww ¥Ath thè r4ulrem8nf8 01 th8 Comwlo$ Act Ilhe 2￿6A¢￿. Ha￿ng satsfjed f￿¢11 thatthe acwunts oftho Ch&ty aro not IW￿•y to Part 16 ofthe 2(I%N4t aThl 8IWAolor Indep8TrJent oxamlnabon. I report in re8P8Ct of rny oxernination of lh6 CharW8 aceounts ¢anfed out undersec￿￿ 145ofthe Char￿¥$ A¢t 2011 Ilh8 2011 Acl'l. In carrylThJ my examlnatknn I have follNd the DirYon5 g￿en bythtr Chaiity Commlsskjn urrfJ8r section 1451Sllbl d th8 2011 rK8 tho Cwtys LWQSS Income exc8￿ £250,(￿0YQyrWmlnOT mu6t be a m•mb8rof a b118ted In BeUon 145 01 ts 2011 p￿t. I ¢onfSFrn th&t l orn uThl8rtak8 tho8xarnlnakn l arn a menthrol ACCA wthh18 on8 of thw I51•d I hav6 cornF￿￿ my eyamirLatk)n. I conliTh Ihat no matters hav•com8 lo my thtion in the eyaminthin gMrwJ mg bel￿. a￿U￿1vd recuds w8re not k8PI in rèsFéCt oflhe Cherfty u r0qUkn￿ by 88CtIM 886 of fv2rthMI'. or ¥￿I￿rts do not accord %wth thos• r•¢orts,' or ijo not comptywith Ihe 8cwJnbtffj r4ulr8ments of s8¢im 396 of th8 2(¥J6 Act other Ih&n any wlrgmwrt Ihat lh8 courts gwe 4lru¢ IB nDt a mattwcMsld8red as part of ￿ indep￿[ exaffjlnation,. aCcO￿ts have rtl)een prep￿1 in accO￿ar￿9 ￿th th¢ molhod5 aTrJ kyl￿1￿ of tho Stat8ment of Recommertho Pra¢l¢• fwaccounlrvJ an¢J by <arfls14Wlcat48 to tharib•S w•parfty thw"raccoLmts in the FI￿ Rtporfr4 Stand¥d apF4cabl8 in IhD UK and of Ire18r￿ IFFtS 10211. I hm no con¢ems havo COMB acr055 no ¢lhw mottsrs h Con[￿l¢D wlth IM axamlnalon att•nUon ￿hr￿1 Inthls repjrt In crfdtrto onawe a prop8r und8rstaTrairvJ ol tho accounts to b8 18achBd. TNS reF￿rt Is mad8Bokty t¢ tsChartysTNste8& as atth, In owdarKo %￿th Part 4 of th8 Cham"os IAcc4Junts Reponsl Rffjulatl)ns 2C¥)8. h&$ uThtsrtak8n so I mlghl Stats lo￿ Chwltls TnJ5tO6S Ihoso m8tter8 l arn rerythed 10 St41010 them In an IndBpondent Ex8mln•rf$ RoPQrt and for ￿ Other purpDS0. To th&ftllestext8Tht Fermittthl bylaw, l th Thjt W oras5urn• to 0lh8rthwn Ihg Chaiity and thè Clwltys Tr￿189¥ as a t¢)ty, for my*Y>th or rty Slgned: l)at•J.. /f FCCA Xelnadln Soulh EW UmN8d S8¢ura House ChaTrJler8 Ford Homp&hlr8 SIX8 3TL Page 8

SOCO MUSIC PROJECT (A Comp•ny Llmlted by Gu•rantso) STATEMEKf OF FINANCIAL ACTivmES (INCORPORATING INCOME AND EXPENDrruRE ACCOUND FOR THE YEAR ENDED 31ST MARCH 2025 Unrelcled 11oStrf¢led funds fund$ Total lund$ Income Irom: Donations and18gades Charitable a¢tWe8 Investmonts 157A07 14Q555 297062 264.156 147,565 937 Tol•l In¢om 259,355 140,555 399,910 412,658 Expendlture on: Charltable aclivities 351.333 137,310 401.976 Tot#1 oxpondlture 351.333 137,310 401.976 Net {expOndfture)nn￿me Transters beiwe9n funds {91,978) {30,0￿) {W733) 10.682 15 Not movemwrt In lund (121,978} {wn3) 10.682 Rocon¢lllatlon of funds: Total funds brought formard Net movement in funds 70,168 (121,978) 13.011 83.179 {8I733) 72,497 10,682 Tolal lund$ c￿ed lorward {51,810) (s￿4) 83,179 The Slatement of FInancI￿ ActNllles I1￿1￿188 aH g￿n$ and h)sses recognisod in the year. The not8s on pages 11 to 25 form part of these financial slalgm8nts. Paoe 9

SOCO MUSIC PROJECT (A Company Llmlled by Guaranl••l REGISTERED NUMBER: 06859322 BALANCE SHEEr AS AT 31ST MSICH 2025 T¥ffjiL4& assets 9017 11.180 ¥￿17 12 Cash at aTra in h 4015 41,862 (avr•nt Uablllu Cv•thrs'. amounts fallThJ OJelthln y 13 (14￿3 114J71) Totsl {5JY) 83,179 Il•t Il•bllStl•• la8xt• •x¢ludNJ p•rwloD rA•èt {5J54} &9,179 {5JY} ,179 15 15 13,011 70.168 Tolallunth 145541 83,179 Tho Cherlty was 8nYtl8dto 8xemplm frtyn autht wdgr8eCtlon 477 ofth• Compw¥8& Act 21K. The merthrn ￿¥¢ rwirl 1￿COMPar¥tO obt￿Tr an ajjdit f¢rlh&y8ar th qu8slion in Iwth 476 of CompwMe¥ * prwalon ol finarKil statamant8. The firwdal siathonts have been prwThl In 4¢¢ordw the F¥ovlsbn$ ￿0¢It0 thB mjl rp)mpanbs r8gim•. Thefinanclal 81oternent5 %ro arwvod authNWforlssu8 byth• Tmsi•os aTrl slJnl on ihwr bBhaif lJsf.' RKUM (ChwrofTn￿1e09l Dat•: 29110r2025 The notsson paps 11 to 25kn pBrtofth888 $M•m￿ts. Page 10

SOCO PIUSIC PROJECT (A Compjny Llmlted by Guaronlo0) NOTES TO THE FINANCIAL STATEMEPWJ FOR THE YEAR ENDED 31ST MARCH 2025 Gonernl Inlornmllon The charltable comparw is an indivKlual private chaTty limit￿ by guarantee incorptyated in EnglarKI and nsequenlly does not have share ¢apllal. Each of the Iru5tees is Ilable to conlribLrte an amount not exceedlng £1 towards the assgts of the charitable company in the ev&nt of liquidation. The a(&Yres$ ol its reglslered office is- Soco Music Project, Planet Sounds, 40 The Arch88, Teminus Terrace. Southampton, Hampshlre, ErvJland, S014 3FE Ae¢ountlng pollclg• 2.1 B￿18 ol pYepar•tlon of Ilnanclal 8tstemgnls The linan¢ial statements have been prepared in accordarKe with the Charities SORP IFRS 102) - Accounting and Rep)rting by Charilies: Statèmènt of Recomm9nd8d Practlce applicab18 to Gharities preparing Iheir accounts in accordance with the Flnancial Reporting Standard applicable in Ihts UK and Republic of I￿land IFRS 1021 leffective 1 January 20191. the Flnanci81 Reporting StaThJard applicalle in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. SOCO Music Projgct meets the definition ol a putlic benefft entity ul￿er FRS 102. Assets and liabllltl8s are Initi￿lY rewnisad at hIStor￿al cosi or Iransaction vaFue unlèss otheThvlse stated in the relevant accounling ￿)1￿y. 22 Golnq concorn After m8klng appropriate onquirlgs, the Trustees havo a roasonable expectation that the Charity has adequate resources to continuo in Operation￿ existen¢e for the foreseeabl¢ future. Soco has conlimed core Funding frorn the Arts Council Nalional P¢xttollo until 2028. ensuring that key roles In er8hlp and project manag6ment are secure. Positlvo and valued rOlat￿nshIpS wllh local aulhority and key lund8TS continuo to provide furKls lor dellvery ol actNibes. In¢ludlng new prcgramm6s arouNI youth mentoring and community based youth provision. Soco is also working with a lund raisSng specialist to dwak*p a new fu￿1raiSing strategy to further divorsify income, and for ihis reason, they continue lo adopt the golng concem basls in preparlng the financial $talements. Further details regardlng the adoption of the golng concem basis can be found in the accountlng policw. 2a Incomo All income is recognised once the Charlty has entilloment to the Income, it is probable that the income will b8 recewed and thg amounl ol income rec8ivable ¢an b8 measured reliatly. Grant$ are included In the Stalemenl of Financial Aclivitigs on a recelvable basis. The bafance of income re¢eived for 9peulic PUTWSÈS but not expended during the period Ss shown in the relevant funds on the Balance Sheet. Whgre income is receivgd in advance of enlillement ol receipt. its rocognition i8 deleired and included in creditors as deferred income. Where entidement c¢curs before income is recelved. the income is accru& In¢om8 tax re¢overabl8 in relation to investment irwmg is r¢cogn18ed at thg time iho Investment income Is racelvable. Page11

SOCO MUSIC PROJECT IA Comwlny Llmlted by Guorantsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 A¢¢ountlng pollcle• (eonl1n￿d) 2A Exp￿Ilu￿ Expendituffj 1$ recognlsed orKe there is a legal or constructive obligation to transfer economk benefft to a third paty, il is probable that a transfer of economic bgnefrts will ba requlred In Sotdement and th8 amount ol th8 obligalion ran be m6asured reliabty. Expenditure is dassified by aGti￿ty. The costs of 8ach actNity are made up ol the total of direct costs and shared costs. including $UPF￿rt ¢081s Involved in urvjertaking each actlvity. Diract costs attr*>ulable to a slnglè aclNity are alb¢ated dlrecty to that activity. Shared costs whlch contribute to more than ona acts and support CO515 which are not attributablg lo a sing￿ actlwty are aNx)rtion8d betsveen thosè aclmbes on a basis conslstenl wilh th8 Usg of resources. Central slaff costs are alkJcat8d on thè basis of time spent. and depreclatlon charge5 dlocated on the poruon ol the assgt's us8. Expendilure on charitable actlvities is incurred on diredy und8rtakln9 the acti￿11¢$ whi¢h lurth8r th6 Charltys objectwes, as well as any associated support costs. All expgndilure is indusive of irrecoverable VAT. 15 Int•r•st rK•lvabl• Interest on funds hgld on deposit is Included when receivable and the amount can bg measured ieliably by thg Gharity" this 1$ nornally upon notilicatK)n of Ihe intsresl paid OT payable by tho Institution wilh whom the funds ar8 deposit&J. 16 Taxallon The Charty is considerwj to pass the tests set out in Paragraph 1 Schedule 6 of the Financg A¢t 2010 and therefore it meets the définition ol a charitthe company for UK corwratlon tax purposes. Accordingly, the Charity is polentialpy exempt from taxalion in respect of Income or capital gains reCe￿j within categories o)var￿ by Chapter 3 Part 11 of the Corp)rallon Tax Act 2010 or Section 256 of the Taxation ol char￿able Gains Act 1992, to thè oxtonl that such Income or galns are appl68d exclustvety lo charitable purposes. 2.7 Tubglble Ilx•d ••s•t• d•prKlatlon TaNJible fixed assets are inilialty recognised at cost. Aftar recognilion, under the cost m¢xlg1. tangilje lixed assets are measured at cost less accumulalod doprecba￿0n and any accumulated Impaimient losses. All costs incurred to bring a tangit4e fixed asset Into its intended working condition S￿U￿1 bp inC￿ded in ts measurement ol o)sl. Depre￿ation is charpj so as to allocate the cost ol tangible fixed assets lass their residual valuo over their estimatgd useful lives, on a reduciw balance basis. Depreciation is on tha folh)V+lng basls: Olfice equipment Computer equipment Other fixed assets 33% Reducing balance 33% Reducing balance 33% R&Jucing balance Page 12

SOCO MUSIC PROJECT (A Company Llmltod by Guorantse) NOTES TO THE FINANCIAL SfATEMEKrs FOR THE YEAR ENDED 31ST MARCH 2025 Accounilng poll¢l•s leontlnu•d) 2A D•btorn Trade and other debtors are recognised at the seltlement amount after any trade dlscounl offered. PrepayTnents are at the amount prepaid net ol any Irade discounts due. 2J Calh at bank •nd ln h•nd Cash at bank and in hand includes cash and short-t6m) hlghly Ilquid inve51m¢nts wlth a short maturtty of three months or less from the date of acquisition or opening of the d8posit or slmllar 2.10 Llabllhle• and provlslo Liabilties are recognlsed when there is an obllgation al the Balan¢e Sheet date as a resuh of a past event, (( is probable Ihat a transfer of economlc bengfil wll bo required Sn sgtt19ment. and the amount of the settlement can be estimated reliably. Liabifrties are r¢¢ognlsed al the amount that the Charity anticipates It VAII pay to setue the debt or thè amounl it has received as thanced payments lor the goods or semees tt must provKIe. Prov15ion$ 0 m￿ured at the best estimalo of th8 amounts requirod to seltle the obligation. Wh8r• the effecl of Ihg lime value of money is material. the provision is basgd on the present value of Ihose amounts. discounted at the pre-tsx discount rate that rellects the risks Specif￿ to the liabilty. The unwinding of thg discount is r8cognised in the Statsmant ol Financial Actiwties as a flnance cost. 2.11 Flnanclal In•trumgnts The Charity only has finartial assets and fina￿la1 Mabllltles of a kind Ihal qualmy as basic financial Instruments. Basic financial instruments are inltially recoonised at transactlon value and subsequenlly measured al their settlemenl value with the exception of bonk loan9 whlch are subsequerrtly measured at amortised cost using the oflect￿& Interest meth(vJ. 2.12 Penslons The Charity operates a defin￿1 contribution pgnsion scheme and the pension charge represents the amounts payable by the Charity to the fund in rgsFd ol the year. 2.13 Fund accounllng General funds ar8 unrestricted funds which are available for use at the discrètion of Ihe Trustees in lurth8rance ot the genera objectNes of the Gharity arKI which have not beon designated for other purrxises. Reslrfcted furxls are funds whtch are to b8 usgd in accordance with specitic restrlctions imwsed by donors or which have btren ralsed by the Charity lor wticular purposos. The costs of raising arKI adminlstering such fvrKIs are charged against the spe¢ilic fund. The aim arKI use of each restri￿ad fund Is sot out in the nots$ to the financial statements. Investsnent income, gains and lo$s88 are alkKaled to approprfale fund. Page 13

SOCO MUSIC PROJECT (A Company Llmlted by Gu•r•ntsel NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31ST MARCH 2025 Income from donatlom •nd1oga¢les Totrl fund* Tot81 lund8 2025 lunds 2025 2024 157,407 140.555 297,962 264.156 Total2￿4 201.118 63,038 264.156 In¢orn from eharltablfr actlvlllos Unrestrfcted funds 2024 Room and space hke Adult leaming Events hold YoLrth projects Olher income 29,138 42,598 3,200 24.920 29.138 42,598 25,257 104.534 17.714 147.565 Tota12024 147.565 147,565 Invostmont Income Unrestrlcted lunds Tolal funds Total fvnds Investment income- bank interosl 2,092 937 Tota12024 937 937 Page 14

SOCO MUSIC PROJECT (A Company Umlted by Guaranto•) NOTES TO THE HNM4CIAL STATEMEpirs FOR THE YEAR ENDED 31ST MARCH 2025 Anatysl$ ol gxpondltur• on chvlloblo actlvltlas Summary by fund ty Unr•strl¢tod R•slrlctod lundg lund$ 2025 Total Total 2024 Promo￿ng. mairthning, aThJ advanclng education lor the public bonefil by lh8 promollon of the Arts 351.333 137,310 401.976 Tota12024 322,074 79.9Q2 401.976 Anaty￿S of expendliure by actlvlilos A¢tlvltleg und•rtakon dlr•¢Uy Support Total funds Total nds 2024 2025 ProMO￿ng. maintaining, and thanclng education for the public benetil by tha promolion of thé Arts 358.7T8 129,865 401.976 Tota12024 309,794 92.182 401.976 Page 15

SOCO MUSIC PROJECT (A Comp•ny Umllod by Guavante•} NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Anoly818 of •xp•ndlturo by actlvlllos {￿ntInU•d} Anal￿13 ol dlroct ¢osts Tot•1 fvnds Total funds 2024 **tMlles 2025 Staff costs Parther lees Project materials and rnsour¢es Freelance practitiongr fee Consutting Equl)ment expensed & hired Trade wasts Subcontraclors Subscriptions 190.151 1W,151 155.366 4,260 134.641 13.000) 2.936 1,356 20.187 3.027 4.110 120.170 {1.772) 4.124 134,641 (3,0 20,187 24.737 358.778 358,T18 309,794 Tota12024 Page 16

SOCO MUSIC PROJECT (A Company Llmlted by Guaranlee) NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31ST MARCH 2025 Anotysls of •xpondllur• by aelMII88 (conllnu•d) Anatysls of support ¢osts Tot•1 lund• fvnds 2024 2025 81,494 919 20 81,494 919 66,587 995 1.791 633 3.951 Advertising & MarketirKJ Bank Fees Cleaning Depreciation Expense Entertainment Travel and subsistencè Postage and stationary Geneial expenses Legal expgnses Insurance IT sofbyarg and ¢onsumables Telephong and intemet Repair and maintenarK6 Staff training Rent Llghl. heat arKI powor Water rates Car hire Dala storag• Bad dobls Govemaftt costs 506 3,425 2,557 991 1,202 650 471 510 557 471 2.711 471 510 203 878 2.423 8.835 3,704 1,516 13,334 10,948 732 160 1704 1.516 14334 10.948 6.762 1.692 328 412 (13,863) 3.903 4,078 on 129.865 129.865 92. 182 Tota12024 92, 182 92,182 Page 17

SOCO MUSIC PR0￿cT (A Company Limllod by Guarante•) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST MARCH 2tr25 Indopgndent •xamlnorfs remun8ratk>n 2024 Fees payable lo the Charws independent gxaminer for the indyndenl examlnalion ol the Charivs annual accounts Fees payable lo the Charit￿5 indepèndent examinor in Rsp￿1 of: All other services rK)t included atove 2,903 2025 2024 Wages and salaries Soclal security costs Contri)ution to delir￿d contriL￿￿On pension schemes 257247 205,299 13,012 2n,645 221.953 Thg average number of person$ employed by the Charbty durfng the year was as follows: 2024 Stsff m8mbers 17 13 No employeo receNed remun8rallon amounling to MO￿ than £60,000 in aithw year. The key management prsonnel of the charilablg company comprise thg trusteès and management team. The totsl employeg t*neffts of the key managemènt peysonnel of ihe charltable company were £123.57412024: £100,544>. 10. Tru8tee•' remungratlon and ¢xpensea During the year, one Trustg9s has been paKI remuneralion for seryicgs provxSed to the Charlty. The Trustee provKled EDI Irainino tor staff. The value of Tru$tses' remuneralion was as follow8: 2025 2024 S A¢hariee Remuneration Paga 18

SOCO MUSIC PROJECT (A Corn￿￿ Llmlted by Guor•nto0) NOTES TO THE FINANCIAL STATEMEi¥rs FOR THE YEAR ENDED 31ST MARCH 2025 1￿ Trust•os' rwnuneratlon and •xpgnw {contlnued) During the ￿ar erKled 31st March 2025. expens05 lot￿1ng £170 roimbursed or paKI dirg¢dy to 2 Trustegs (2024- £nl O Tntslegj. Tho expenses reimbursed were ¢atsrir¥J prc*Jramme costs. 11. T•nglblo Ilxed alwts Offl¢e Cornputsr Mualc equlpmonl •qulpment •qulpment Totsl Cost or valuallon At 1 April 2024 Additions 4,391 41864 81,893 At 31st March 2025 4,391 41. 36,891 83,155 Depwoclatlon At 1 April 2024 Charge for the year Tran8fer8 betwggn classes 812 31,434 70,713 {942) At 31$1 March 2025 37.295 32,918 74,138 Nol book vak At 31st March 2025 4578 9,017 At 31st March 2024 (76) 11,180 12. Debtor• 2024 Due wllhln one year Tradg debtors Other d8btors 10.IY21 47.345 1.375 10, Page 19

SOCO MUSIC PROJECT (A COM￿TrY Umltod by Guaranlo•) NOTES TO THE FINANCIAL sfATEMEp¥rs FOR THE YEAR ENDED 31ST MARCH 2025 13. Crndllors: Amounts tslllng du• wlthln on• y•ar 2024 Bank overdrafts Trade creditors Olhor t&xatiDn and S(KI￿ security Pension fvnd loan payable Other Ixediiors 2.252 2.096 4.715 14,132 7.670 18. 14. Flnanclal Instrumonts All ol thg finan¢1￿ assets and financial liabilities of the Charfty are held at amortiS8d cost. No lirwi¢ assets or financid liabilities aro hekS at lair ¥8￿8. Pag8 20

SOCO MUSIC PAOJECT {A Comp•ny Llmlted by Guar￿1••> NOTES TO THE FINANCIAL STATEMEPUS FOR THE YEAR ENDED 31ST MARCH 2025 15. Statement ol lunds Statemont ol lund*. current yoar Balwbce at 1st Aprfl Balanco at Tvansfers 3181 Mar¢h Inloul In￿rn• Expendltuv• Unr•8trl¢ted lunds General Funds- dl fvnds 70.168 259A56 (351.3331 (30.IKW)) {51M10) Re•trfctod lund• Youth Music Catatyser Offi¢e of the Police and Crimè Commlssloner- Grime Provenlion Fund 24125 Southampton Cty Council - Adull a￿1 Community LeamlNJ Contract 24125 Southampton Play aTKI Youth Contract Shortbreaks Southampton FoThvard: 2024 EMERGE Fesllv (42,166) 30.IXK 169 {18￿ 41mO (19,420) (9m) (41,217) 41817 (7JYJOI 14011 140 (137J10} T•)tal ol funds 8&179 399,910 (488,6431 (5,554) Page 21

SOCO MUSIC PROJECT {A Company Llmlted by Gu•rnnleo) NOTES TO THE FINANCIAL STATEMENTS FOA THE YEAR ENDED 31ST MARCH 2025 15. Statoment of fund¥ {wntlnuodl Youth Muglc Catatys Supp)rUng eady years practice for children wlth a(klitional or complex needs. Offlce ol tho Polleo and Crfme Commlg3lonor- Crlmp Proventlon Fund Seryices for yourJ people to provid8 positive actiwl8s, Includir¥J dets¢hinglcommunity provision and mentoring. 24125 Soulhampton Chy Councll. Aduft and Communlty L•amlng Contract Dellvering a program of creative MUS￿ makirvJ for adults lo support wellbeing. mental healih and overyjoumeys. 24125 Southampton Pl¥y and Youth Contract Music focused open prowslon for young people In s￿aMptOn. Shortbmaks Supporting ¢hlldren In Soulhamplon with SEMH (Soci￿. Emotlonal Mental Health) nee(ts In the clty through Fwmitive aclNities during school Fh)lidays, weekends and afterschool sessions. Southampton Fonvard: 2024 EMERGE Festlval A Youth Festival in Southampton co4gsvJn￿ and co-dellvered with young p￿p18- provKlirwJ performanc8 OPPOrtuntt6es and ￿rkshops, supporting skS118 devebpm9nt and wellbeing. Page ¥2

SOCO Miuc PROJECT (A Company Umllod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 15. Slat•m•nl of fund8 (Con11n￿d) Statffiwnl of funds" wlor yo•r Balance al Translets 31st March 2024 IstAprfl Unr•slrfcted lund• Gengral Funds 72.497 349,620 (322.074) (29.875) 70. 168 Roltrlcted fund8 Youth Music Catatyser orrice of the Police arKI Crime Commissioner- Crime Prevention Fund 23124 Southampton City Coun¢il - Adum and Community Learning Conlra¢i 24125 Southampton Play and Youlh Contract (23,033) 29.875 12,338 (6, 169) 6,169 41.700 (41,7tW) (9,000) 63,OS8 (79,902) 29.875 13,011 Total of funds 72,497 412,658 (401,976) 83.179 Pag8 23

SOCO MUSIC PROJECT (A Company Llmlted by Gu•ranteo) NOTES TO THE FINANCIAL STATEMEP FOR THE YEAR ENDED 31ST MARCH 2025 1& Summory Qt fynds Summary of lunds. curmm ya•r Balanc8 at 1st Aprll 2024 Balance al TransfOT8 31st Mar¢h Inlout 2W25 Incom• Ewndlturo Gener￿ lunds Restric￿￿ lunds 70.168 11011 259J55 I40￿55 P51,333) {137.310) (30.0￿) (51,810) 83.179 399810 (408,643) 15.554) Trnn8t•r betwwn lund$ £30,000 has bèen transferrgd from the general fund to th9 ro$tricted fund to refloct a restricted grant rec¢iv¢d In January 2023 that was not treatsd as restr￿ted al the lime of receipL Summary of lund8- prlor yoar 8alance al IstAprfl 2023 Balance al Translets 31st March in/t%rt 2024 General lunds Restricted funds 72,497 349,620 63,038 (322,074) 179,902) (29,876) 29,875 70.168 18.011 72,497 412,658 (401,976) 83.179 17. An8ty81$ ol nol a88ets botweon lund• AMlysl$ ol nel a88ets b•tw•on fund•- ¢urr•nl year Unrostrfcted Rostrlcted lunds lunds 2025 fund$ 2025 Tangible fixed assets Current assets Creditors due wthln one year 9.017 130,4201 130.407) 9.017 15.836 {30.407) 46.256 Totsl 151.810) 46,256 {5.$54) Page 24

SOCO MUSIC PROJECT (A Company Llmlted by Guornnto•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. Anatyslg ot net amets b•iwoon lunds (contlrnmdl D•fi¢lt on Unregtrfcled Funds The unrestricted fund is in deficit of £51,810 at the year end. The Irustses are aware of thls posiiion arvj have prepar&J a plan to restore the fund to surplus through future funding and cost control. The charity continues to m¢frt its obligations as thèy fall due. Analysls ot not 4$8•ts bb1w￿n lunds- prlor y Unrnstrlcte6 Restsided Endowmeni funds 2024 Tolal lunds 2024 2024 2024 TarvJible fixed assets Current assets Creditors due w￿h1n one ygar 17.180 n.571 (18.583) 11.180 13,011 (18.583) Total 13.011 70,168 83.179 Page 25