2021-03-31-accounts - Sound Progression Ltd

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				SORP reference
Summary	ofthe purposes		of	Para1.17	To advance in life and relieve needs ofyoung
the charity as set out		in its			people	through:
governing	document
					(a)	The provision ofrecreational,
						educational and leisure time music
						and arts activities provided in the
						interest of social welfare, designed	to
						improve their conditions of life;
					(b)	Providing support and activities which
						develop their skills, capacities and
						capabilities to enable them to
						participate in society as mature and
						responsible individuals.
Summary activities	ofthe main in relation to those			Para 1.17and 1.19	~	Delivering a range ofonline music- based sessions for young people
purposes	for the public					across Cardiff and beyond.
benefit, in particular,		the			~	Developing young music talents
activities,	projects or					through bespoke and tailored
services identified in		the				provision to facilitate the creation of
accounts.						original music and performance skills.
					~	Showcasing young people through
						performance plafforms.
Statement	confirming			Para 1.18	The trustees have had regard to the guidance
whether the trustees		have			issued	by the Charity Commission on public
had regard to the guidance					benefit.
issued by	the Charity
Commission on public
benefit

Additional	information (optional)	information (optional)
You ma choose to include		further statements	where relevant about:
		S OR Preferen ce
Policy on	grant making	Para 1.38	n/a
Policy on including	social investment program related	Para 1.38	n/a
investment
Contribution made by volunteers		Para 1.38	n/a
Other			n/a

Achieve	me	nts	and Per	formance
				SORPreference
					Prior to becoming a CIO in August 2020,
					Sound Progression was a Company
Summary ofthe main achievements ofthe charity,				Para 1.20	Limited by Guarantee and had delivered prograrnrne at music studios in three		its
identifying	the	difference the			Cardiff Council run youth and community
charity's work		has made to			centres.
the circumstances			of its
beneficiaries and			any wider		Due to the pandemic, our services were
benefits to society as a					diverted to online provision, delivering	free
whole.					1-1sessions that supported 78 young
					people, aged 10 - 21, with weekly one-hour
					sessions. Our diverse programme, led	by
					nine mentors, ranged from music
					production, sound engineering, vocal
					coaching, song/rap writing workshops,
					music notation, guitar and keyboard
					lessons. This provision provided our
					regular participants and other young people
					with diversionary activities and the tools
					and knowledge to immerse themselves		in
					music production and creation, as well	as
					giving them something to look forward	to
					each week during lockdown and helping
					them feel less isolated.
					Additionally, we supported 11 Academy
					acts made up oftwo bands, a duo and
					eight solo artists, providing mentoring	to
					support new original material.
					During this period, we also developed	a
					series of video tutorials to support the	wider
					public and launched a new website.

Additiona	l information (op	l information (op	l information (op	l information (op	tional)
You ma	choose to include				further statements	where relevant about
Achievements			against		Para 1.41	As an organisation that previously		delivered
objectives		set				services in Cardiff only, diverting	our
						provision online enabled us to extend our
						geographical reach supporting young
						people froln mid, north and south		Wales.
						We were also able to expand the		subjects
						we offered, such as vocal coaching and as
						a consequence increased the percentage
						offemale participation from 15%		to42%.
						We have also continued to support young
						people from BAME backgrounds		who
						represented 32%ofour participant		base.
Performance			offundra ising		Para 1.41	n/a
activities	against			objectives
set
Investment		performance			Para 1.41	n/a
a ainst	ob	ectives
Other						n/a

Review ofthe charity's financial position at the end ofthe period	Review ofthe charity's financial position at the end ofthe period	Review ofthe charity's financial position at the end ofthe period	Review ofthe charity's financial position at the end ofthe period	Review ofthe charity's financial position at the end ofthe period	Review ofthe charity's financial position at the end ofthe period	Para 1.21	Sound Progression's turnover for 2020-21 financial year is based on an income level of682,257 (from17'"August: 637,253) and expenditure of657,814 (from 17'" August:
							643,791).Our operating surplus/deficit is
							F24,443 (from 17'" August -66,538) for
							year-end 2021.
							Due to a brought forward figure off13,925
							from the previous financial year (2019-20),
							we carry forward 638,368 into the 2021-22
							accounting period ofwhich f32,526 is
							designated funds and 65,842 is
							unrestricted.
Statement explaining the policy for holding reserves stating why they are held						Para 1.22	Sound Progression is funded on a project- by-project basis based on submission of balanced budgets. There is currently no core funding available and thus little
							opportunity to build up reserves. Ifcore
							funding is secured then the Trustees will
							review its reserves policy.
Amount of	reserves			held		Para 1.22	Reserves (unrestricted funds) at the year end were f5,842 (prior year: F391)Sound
							Progression understands that this low level
							ofreserves imposes a tight
							budget/cashf low discipline.
Reasons for		holding		zero		Para 1.22	n/a
reserves
Details offund materially					in	Para 1.24	Nil
deficit
Explanation		ofany				Para 1.23	Nil
uncertainties		about the
charity continuing			as a going
concern

ou ma choo	rther statement	s where relevant about:
		Sound Progression's principal ongoing
The charity's principal sources offunds (including any fundraising)	Para 1.4r	funders are the Arts Council ofWales, which supported the creation ofthe company along with the Academy and online programmes. The National Lottery
		Community Fund, Youth Cymru, Community Foundation Wales also
		supported delivery costs during this
		financial year.
		All grant income is applied for against
		criteria specified by the grant giving
		organisation and these funds can only be
		used forthe purposed approved.
		All expenditure incurred by the company	is
		in support ofthe key objects ofthe charity.

			Para 1.46	n/a
Investment	policy	and
objectives including		any
social investment		policy
adopted
A description risks facing	ofthe principal the charity		Para 1.46	As our provision is offered free ofcharge to young people, we are highly dependent on receiving grant income and the support of
				our partner,	Cardiff Youth Service, to
				provide the	in-kind use oftheir music
				studios.
				n/a
Other

Description of charity's
trusts:
Type of governing document	Para 1.25	Memorandum		and Articles ofAssociation.
(trust deed. ro at charter)
How is the charity	Para 1.25	Charitable	Incorporated		Organisation
constituted?
(e.g LIOIIIceIpot ated
associatIon, CIO)
Trustee selection methods	ara 1.25	Elected
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

ou ma	choo	se to include fu	rther statement	s where rel	evant abou	evant abou	t:	t:
Policies	and	procedures		Trustee's	handbook		and safeguarding
adopted forthe induction and training oftrustees			Para 1.51	training.
				n/a
The charity's		organisational
structure	and	any wider	Para 1.51
network	with	which the
charity works
				Sound Progression			works in	partnership
Relationship		with any	Para 1.51	with Cardiff Council's Youth				Service who
related	parties			support	our delivery		through	the use oftheir
				music studios		and	additional	safeguarding,
				where required.
				n/a
Other

Charit	name			Sound Pro ression
Other name the charit			uses
Re istered chari		number		1190897
Charity's	principal	address		117Fairwater Grove West
				Cardiff
				CF52JP

ofthe charity trust	ees who manage	the charity
Trustee name	Office (if any)	Dates acted if not for whole ar	Nameof to a	person(or int trustee	body) entitled ifan
Matthew Alexander	Chair
Parry
Jonathan Kenneth	Treasurer
Luxton
Emma Clark
lan John Llewelyn
Mc Andrew
Gerald
Kuzhangaira
Gian Ciaran
Marcelle Louisa
dos Santos
Barbara Jean Lima

Description	ofthe assets		Nil
held in this	capacity
Name and	objects of the		n/a
charity on	whose behalf	the
assets are	held and how	this
falls within	the custodian
charity's objects
Details ofarrangements		for	n/a
safe custody and
segregation	ofsuch assets
from the charity's own
assets

Notes		Unrestricted	Restricted	17.08.20 -	01.04.20-	Total for year	Total for year
		funds	funds	31.03.21	16.08.20	2020/21	2019/20
income from:
Charitable Activities
Open Access							950
Organisational Development			3,000	3,000	-	3,000	27,000
Education Programme		4,319	29,932	34,251	45,000	79,251	17,354
Banklntarest		2		2	4	6	23
Total Income		4,321	32,932	37,253	45,004	82,257	45,327
Expenditure on:	2
Charitable Activities
Open Access					1,035	1,035	8,082
Organisational Development			9,230	9,230	6,641	15,871	16,291
Education Programme		284	34,277	34,561	6,347	40,908	23,261
Total Expended		284	48587	43781	14523	57814	47835
Net movement in funds		4,037	(10,575)	(6,538)	30,981	24,443	(2,308)
Reconciliation offunds
Total funds brought forward		1,805	43,101	44,906	13,925	13,925	16,233
Total funds carried forward		5,842	32,526	38,368	44,906	38,368	13,925

			Notes	31 March	2021	31 March 2020
				E	E	E
Current assets
Cash at bank				38,418		13,925
				38,418		13,925
Creditors: Amounts		falling due within one year	5	~(50
Nat current assets/(liabilities)					38,368	13,925
Net Assets					38,368	~13925
Funds
Unrestricted	income funds				5,842	391
Restricted	income funds				32,526	13,534
					38,368	13,925

2	EXPENDITURE			Direct	Support f	17-Aug-20 f	2020/21	2019/20 f
	Charitable Activities
	Open Access						1,035	8,070
	Organisational	Development		9,230		9,230	14,871	5,891
	Education Programme			24,787	9,490	34,277	40,534	22,360
	Total Resources Expended			34,017	9,490	43,507	56,440	36,322
3	SUPPORT COSTS		Governance f	Management f	Office f	17-Aug-20 F	2020/21 f	2019/20 f
	Open Access
	Organisatlonal	Development					1,000	10,400
	Education Programme							901
	Core Costs				284	284	374	12
	Total Support				284	284	1,374	11,313

5	CREDITORS					2020/21 f	2019/20 f
	Trade creditors
	Accruals and deferred	income				50
	Total creditors					50
6	DEFERRED INCOME Included within Note 6	ANALYSIS isthe following	deferred	income:		2020/21 f	2019/20 F
	Opening deferred Income
	Released to the SOFA
	Fresh income deferred	in-year
	Closing deferred income
7	UNRESTRICTED FUNDS			17-Aug-20	Income	Spend	31 Mar 2021
					f	f	f
	General			1,805	4,321	284	5,842
8	RESTRICTED FUNDS			17&ug-20	Income	Spend	31 Mar 2021
				f	f	f
	Arts Council Wales			43,101	30,432	35,494	38,039
	Trusts 8 Foundations					8,013	(8,013)
	Others				2500		2500
				43,101	32,932	43,507	32,526

FUND/ASSET ANALYSIS	Unrestricted	Restricted	2020/21	2019/20
	funds	funds	total funds	total funds
		5	6
Net current assets	5842	32526	38368	13925
	5,842	32,528	38.368	13,925

					Unrestricted	Unrestricted	Restricted	Total
					funds		funds	2019/20
					f		5
Income from:
Charitable	Activities:
		Open Access					950	950
		Organisaiional		Development			27,000	27,000
		Education	Programme				17,354	17,354
Bank Interest						23		23
Total Income						23	45,304	45,327
Expenditure	on:
Charitable Acfvitles:
		Open Access					8,070	8,070
		Organisational		Development			16,291	16,291
		Education	Programme			12	23,261	23,273
Total Resources Expended						12	47,623	47,635
Net movement		in funds				11	(2,319)	(2,308}
Reconciliation		offunds
Total funds	brought forward				3	933	12300	16233
Total funds	carried forward				3,944		9,981	13,925