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 Proi*t 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 Q*mmlssion 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 E<l￿al￿On to deliver muslc engagement acb¥ili•s In Prfmary Behawour
S8ryice IPBSI Units In Hampshire Schools.
Southampton ShortBr•aks £41,000
Pro￿￿ing creatN• yogramm8s to sw>wJrt children and young peoplè *lth SEMH Isodal, emotional montd h•allhl
chdl6ro05, through holiday advlty, afterschool pwrammès and weekend 505sions.
Youlh Music Cat*ysw- £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 SF*dal 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 dayA*ek8Nls 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, ir*ludfing 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 8mt**ling SEYIA'S prac￿¢• Sn famity
•ngagemenL Parents of naurodiverse ¢hildren de8cribad the sesslons as'•ywiwnlThJ' and Iransformalvè.. leadlng to
ongoing parent requo*s 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.
C*en 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. Part*ipants lèamed technical and comrnunlcation 9Wlls, ￿lUCIr0 po(kgsts on thames frorn
book¥ to youth issues. Case stt*Yi95 $h¢)w slgnthcant personal devglopmènt- on& youThJ parb¢iP4ffl r￿￿1#d,.1 lèarned
h¢)w to •xpr8ss mysdl and say what l 8nd paoplo Ilstened."
Partner¥hips r•maSned key. Soco worked wlh Youth OpJons, Zoie Logi¢. and Southarnpton Young Garers. runnlNJ events
tackling anti40clal tehamour, ￿lIbeing. and Incluslon. Des￿le the end of dot4th•d delivery in Q4, the mramm•
rnwntain8(l •ngagem•nt wilh over 1.800 youth int•ractlons across the yts4r. Staff also undertook safeguardiNJ and group
litats)n training. 8nsurfrrfJ wality and 8afgty a¢rtsss prowsion.
Though reduwl lunding led to restructuring, Ihg mièw process Klenlified clear worities for neyt year: strengthon
rnentoriThJ pathways. targated partnerships, and mor¢ youlh-led programming that alKJns vhth the OTganisation'$ sou￿.
pres¢rfbiw modal.
Adult and Commun￿L*9M￿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 mus*al [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
p*formarth 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$1¢ Industy Ollice IMIOI pwdèd stNctured progression rothès for young mu8l¢lans and creatives. Part￿1pants
uraduatlrwj from the 1.1 F*ogramme could progrfrss to mentoring th *stabllshed arb8ts. 1g¥ding towards protssslon
developmngnt, rnl•asè strat￿1￿, and Indu¥by noiwoMng.
Showca89 wnls at Planet SouThJs broughl tog•thgr young artlsts. mèntors. and local Ind￿try prOf•ssKJn￿s, creatlng
bul m9*n￿l91uI pathways Into cr8ativo ear•aYs. The MIO also bspan plannlng lor a morè fr*m)al artlst-development
roadmap. v•ith dl$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$hlkn¥cha1le￿es. and athough a dlfficuh area to fundrds& for,
aim to grow these over thg noxt 3 years. ideally to reach £80,000 by 2028. We ho￿ to achieve Ihis through the adaptation
ol a now fuThJTaising Strat￿Y and acc8ssing unrestrictgd funds through alt8maliv• sour￿9 such as corporats phllanthropy
and Indiv*Jual gi￿￿0.
Soco Music Project 1$ 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$alion and
wllh some fluldty bth*gn progr8mmo l￿d￿.
¢Jolng conc•m
Aft•r maklng approwbate enquiiios, tho TNstees have a ￿4$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$l hava suffbcS8nt knowledge. both ol Truste8ship in genttr￿ and of lh8 chath￿5 4¢tMD•¥. to on￿18
thgm to cary Olrt their rol• and to represont the charity and meetlngs and events.
r Trustee Reeruftrnent Polw lavallable here: www.linyurt.eom13by32uyyl sets Out how Soco MUS￿ Proioct re¢rults a
robust and effectNe board of TnJstÈes. When it is deerngd nècèssary to reuuf( Ilor oxampla. 11 a trustee leaves or
expanslon Is required) we will cary out a skllls audtt. Oncè thè Id•al skill em￿rier1¢e profilè has been identthed. the
va¢arty ￿11 b8 adverbsed on Soco Music F¥oject social rnodia platfomis and wcsjriate placas to encourage dwersty
and i￿luSIon. Any advertisernent ¥￿11 ke made available in a¢ce¥sibla lomiats. The Trustees rnay choose to make dirgct
approa¢h•s to Wofessio￿ bodiès i.¢. RèAch Volunteering. Women on 8oards and oth•rvoluntary organisations e.g
Swthamwon Voluntary Se￿￿8*
Prefergn¢& should b8 giv8n to these aFprog¢h&s as opposed Io porsonal contacts a6 the Inlentrfjn Is to womote diversity
and avoid ¢onlI￿S of Interest. Soco Musi¢ Proleet seeks to ensurg divsrsty In ks board of Trustges and conslderatlon will
be gwen to wayE in whlch groy that aro und8r.represented might bo rwhed and en¢oufao¢d to apply.
P8W8 •Th4uirfng to bocorne Trustees will bo sant appropriate documentalion kb￿jt the charity and thè rolo ol a TNstee
I￿￿ding a Trusto•'iob d9scrfp￿On. arKI *ill be ask8d to submit an '&xprgssion of Intw8st' detailing vthat attracted thgrn to
Soco Music Prole¢t and why their skillslexperigncè Is a good lit. Foll0v￿Tra Ihis, they VAII be Intwvie*d by a mlnlmum 012
rrent Tru$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 examir*r 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 follN*d the Dir*Yon5 g￿en bythtr Chaiity Commlsskjn urrfJ8r section
1451Sllbl d th8 2011
rK8 tho C*wtys LWQSS Income exc8￿ £250,(￿0YQyrWmlnOT mu6t be a m•mb8rof a b*118ted In Be*Uon 145 01 ts 2011 p￿t. I
¢onfSFrn th&t l orn uThl8rtak8 tho8xarnlnakn l arn a menthrol ACCA wth*h18 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 r*tl)een prep￿1 in accO￿ar￿9 ￿th th¢ molhod5 aTrJ kyl￿1￿ of tho Stat8ment of Recommertho Pra¢l¢•
fwaccounlrvJ an¢J by <*arfl*s14Wlcat48 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 mad8Bok*ty 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
Unre*lcled 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 M*SICH 2025
T¥ffjiL4& assets
9017
11.180
¥￿17
12
Cash at aTra in h
4015
41,862
(avr•nt Uablllu
Cv•thrs'. amounts fallThJ OJe*lthln 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 ￿¥¢ rwir*l 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 slJn*l 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 rgsF*d 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 your*J 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