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2022-03-31-accounts

SOUND OF WALES

______

REPORT AND ACCOUNTS

FOR THE YEAR ENDING 31[ST] MARCH 2022

_______

C Management Services 69 Velindre Road Whitchurch Cardiff CF14 2TF

SOUND OF WALES

FOR THE YEAR ENDED 31[ST] MARCH 2022

CHARITY INFORMATION

Trustees: Rob Jones Sian Rees Stephanie Parish Tim Watson (appointed 19[th] May 2022) Charitable position: Registered Charity number 1193893 Governing Document: CIO Foundation Model dated 22[nd] March 2021 Address for correspondence: Sound of Wales c/o Temple Baptist Church The Cottage Gelliwastad Road Pontypridd CF37 2BP Independent Examiner: Paul Burnell ACMI C Management Services 69 Velindre Road CARDIFF CF14 2TF Bankers: CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

CONTENTS
Page
Charity Information 2
Trustees Report 3-6
Independent Examiners Report 7
Statement of Financial Activities 8
Statement of Assets and Liabilities 9
Notes to the Accounts 10

2

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31[ST] MARCH 2022

The Trustees have pleasure in submitting the Report and Accounts for the period ended 31st March 2022.

Structure, Governance and Management

As set out in the constitution, new trustees are inducted at a trustee meeting following their receipt of the constitution and the latest Annual Trustee Report. A period of training from trustees ensures new trustees are familiar with other policies and operational procedures.

Aim and purposes

  1. THE ADVANCEMENT OF THE CHRISTIAN FAITH THROUGH A VARIETY OF CREATIVE EXPRESSIONS SUCH AS TEACHING, WRITING AND PERFORMING. THIS WILL INFORM PEOPLE OF THE REASONS FOR FAITH IN GOD, AND ITS IMPACT ON AN INDIVIDUAL AND SOCIETY AS A WHOLE IF LIVED OUT HONESTLY AND WITH INTEGRITY. THIS WILL BE EXPRESSED IN WALES, OTHER PARTS OF THE UK AND OTHER PARTS OF THE WORLD AS THE TRUSTEES SEE FIT. 2. THE ADVANCEMENT OF EDUCATION AND OF THE ARTS THROUGH PERFORMANCES, TRAINING AND THE ORGANISATION AND ADMINISTRATION OF COMMUNITY CHOIRS AND COMMUNITY ARTS PROJECTS. THESE ARE INTENDED TO BUILD CONFIDENCE IN INDIVIDUALS TO IMPROVE THEIR WELLBEING, AND THAT OF THOSE TO WHOM THEY PERFORM. THIS WILL BE EXPRESSED IN WALES, OTHER PARTS OF THE UK AND OTHER PARTS OF THE WORLD AS THE TRUSTEES SEE FIT.

Objectives and Activities

Achievements and Performance

From April 2021 to March 2022, Sound of Wales has been able to hold a number of limited public meetings due to Coronavirus restrictions being lifted nationally.

However, all of these events have been subject to Coronavirus awareness and protocols in order to provide as high a level of safety as possible for those attending. The trustees and officers of Sound of Wales continue to monitor government advice and guidance on Coronavirus and its implications for public meetings.

The majority of the officers’ focus from April to August 2021 was on setting up administration, insurance, risk assessments, working on the website, Google Workspace for non-profits, Safeguarding policy, DBS Checks for Cath & Dai, setting up bank account and CAF Donate.

The dimension and dynamics of publishing and distribution of SoW music was explored and after consultation the Board and officers agreed to proceed with a contract with Wings Publishing. Copies of the contract have been lodged with the Chief Operations Officer.

Key Events and Activities

God’s Brilliantly Big Creation Story written by Dai Woolridge was launched on 25[th] April.

SoW was involved in a Songs of Praise broadcast on 9[th] May.

On 11th May, Cath presented National Day of Prayer from London with Jonathan Oloyede and Team.

3

The Pembroke Castle Prayer & Praise event on 19[th] September saw SoW Worship with Dai Woolridge leading a gathering of churches from across the county in worship and prayer for Wales.

An excellent song writing day with Nick Herbert was held at Glenwood Church in Cardiff on 9[th] October for SoW musicians and many new songs and ideas were birthed.

The evening event in Capel Rhondda saw SoW filming with The Worship Effect.

SoW Acapella were invited to City Church Cardiff’s Alpha Course Launch event which was a great success.

The Christmas Tour 2021 included worship events at Urban Crofters Cardiff, Gateway Church Abergavenny and City Church Cardiff.

Dai Woolridge and Jessie Dipper recorded a Christmas piece for The Bible Society which was widely released.

January 2022 saw SoW recording a new song entitled Land of my Fathers, which was released in March and topped the Christian music charts.

The National Prayer breakfast of Wales was held at the Senedd on march 3[rd] and 4[th] where SoW were invited to lead the nation in worship.

We were able to hold a re-launch event in March 2022 at a hybrid event in Swansea (in person and online) which was limited in numbers attending due to Coronavirus protocols. The event was very successful, showcasing Sound of Wales ministries and casting vision for the future. Our appeal for fresh financial support resulted in a significant commitment from friends of SoW which now sees us with annual income in the region of £17,000 per annum.

Leadership

SoW is led by Cath and Dai Woolridge. Cath holds the position of Founding CEO and Dai as Joint CEO.

Cath and Dai are supported by Andrew Mantle as COO and the team of Trustees.

Reserves Policy

SoW is a new charity, but has already managed to build up a healthy reserve of £4,000 - £5,000 with the aim of having enough reserves to be able to cover 4 months expenses.

This report is signed on behalf of the Trustees on 27/01/2023 by Robert Jones as Trustee

Signed:

4

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF

SOUND OF WALES

I report on the accounts of the Trust for the period ended 31[st] March 2019, which are set out on pages 9 to 12.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Paul Burnell

Paul Burnell ACMI

For and on behalf of:

C Management Services (trading name of C Mgmnt Services Ltd) 69 Velindre Road

Cardiff CF14 2TF

Date: 27[th] January 2023

5

SOUND OF WALES

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31[st] MARCH 2022

Note
RECEIPTS
Receipts from generated funds
2
Receipts from charitable activities
3
Other receipts
4
Interest received
Total Receipts
PAYMENTS
Charitable activities
5
Governance costs
Total payments
Net Receipts/(Payments)
Transfers between funds
Fund balances at 1st April 2021
Fund balances at 31st March 2022		 Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2022
£
12,590
-
12,590
3,100
-
3,100
1,000
-
1,000
-
-
-
16,690
-
16,690
11,941
-
11,941
-
-
-
11,941
-
11,941
4,749
-
4,749
-
-
-
-
-
-
4,749
-
4,749

The notes on pages 11-12 form part of these accounts.

6

SOUND OF WALES

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31[ST] MARCH 2022

1. Fixed Assets

Insurance
Value 2022
£
The value of assets owned are:
Equipment 5,000
5,000
2. Bank & Cash Balances
2022
£
Cash at bank and in hand 4,749
4,749
3. Other Assets and Liabilities
2022
£
Assets
Gift aid tax recovery not yet received -
Liabilities
Unbilled fee for Independent Examination 150

The accounts were approved by the Trustees and signed on their behalf on 27[th] January 2023 by Rob Jones as Trustee

Signed:

The notes on page 10 form part of these accounts.

7

SOUND OF WALES

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] MARCH 2022

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities

2. Voluntary receipts
Gift Aid donations
Other donations
Tax recovered
3. Receipts from charitable activities
Conferences and events
4. Other Receipts
Grant received
Other sundry receipts
5. Charitable activities
a. Direct Charitable Costs
Salaries & staff expenses
Event expenses
b. Support and Administration
Administration and general expenses
Insurance		 Unrestricted
Funds
£
Restricted
Funds
£
Total
2022
£
-
-
-
12,590
-
12,590
-
-
-
12,590
-
12,590
3,100
-
3,100
3,100
-
3,100
Unrestricted
Funds
£
Restricted
Funds
£
Total
2022
£
1,000
-
1,000
-
-
-
1,000
-
1,000
Unrestricted
Funds
£
Restricted
Funds
£
Total
2022
£
7,896
-
7,896
2,925
-
2,925
10,821
-
10,821
653
-
978
467
-
467
1,120
-
1,445

6. Staff and Trustees

The charity has one part-time employed member of staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

No remuneration or trustee expenses were paid to any other trustee during the year, nor to any person connected to them.

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