## ## ## |||||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|se to include fu|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|Ltd| |---|---|---|---|---|---| |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| ## ## |9|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|