REGISTERED COMPANY NUMBER: 10571468 (Engla1 and Wales) REGERED CHARITY NUMBER: 1196048 SONORO (A COMPANY LIMrrED BY GUARANfEE) REPORT OF The TRusfEES AND FINANCIAL STATEMENTS FOR ThE IEAR ENDED 31 MARCH 2025 Hart*y FO LLP Chartered Accwntants 4th Floor Tuition H 27-37 St Georye's Road Wirnbledon London SW19 4EU
SONORO CONTENTS OF THE FINANCIAL STATEMEpfrs FOR THE YEAR ENDED 31 MARCH 2025 Report ofthe Trurte•s I to 4 Independent R¢ptyt St•t•mert of FInal•l A¢lfvltl¢8 Balanc• Slwt Nots•to th• Fln•n¢l•l Statsments 8 to 12
SONORO (REGERED NUMBEIL. 10571468) REPORT OF THE TRuEEs FOR TrIE YEAR ENDED 31 MARCH 2025 tr who a alxj dirffthtys of the charty for the purFrJse5 of the Cornpanles Art 2005, pwnt lT repcrt wrth the finanual statements of the charity the year ended 31 March 2025, The tru&ees have jopted the kY0vI)[s of ACctxjnrrfj and RertIng by Ctsrfties.. Statement of ReCCfflnthl pradj applK3ble to charities pparIng accounts in aCCordae wth the Finthal Reportlng kndard aprAab In the UK and Republ cl IreLand IFRS 1021 leffth l January 20191. Ths port serves as b)th the Trustees Amual Report èrnl the t"rectorg Rert uTrJer company law the Companvs flnancl operats"rrfJ Fj l Aprll 2024 to 31 March 2025. For Ihe purposes of fil9 with Compan5 NO and the Chaiity Ccfflmisskjn, the fin0a7 staternents for tre Conyany are apFeTh1ed to thls repvrt. Tnjstees that the Truees Anrxjal Rep)rt and tl thxkited flnancial ststements comply with statutory qlmrents wrrenyy in fo, with t1 Chaty'S thyn 9DverTh docunnt aTrJ In accordan with finartHI tird stsndards {FRS 102) aFWtable in the UL OBjEcvEs AND ACTivrfiES Objectives al To advance the el Understang apprecia0 of the publt In music In la1 and thcwal must In p3rtular the public beneft through holding of public correrts and event5 in whlch tRople gather Lo participate In nNJSiC and ty means of oadCa&1ng, pro1ng dLstributlng Ilternture or such other means as the trUS thlnk fil,. bl To yonmxe the alucathn Ilnclwjlry s[al and phystcal tr)InlrrfJl of people of all aye9 but Tr)tably il)ose uTrJer the aje cf 25 vears through musSc In such ways as tlr charty trustees think fit., c) To profft)te le)ming for pleasure by FeOe those not In full tlme errybyment through conb'Ned de¥ekyment ol thelr IndMdual capabllltks, CoMFete5, skils ut)Jerstandlr#J In mUC In general arn1 choral mUC in particular,, dl To prorTrXe research for the wblt berEfft In all a9cts of must &Jucation and to wb115h tre useful rets relaung to that subject. &gnlflunt •cilvStl•s At the heart of knoro, and eypresslng lis prfme ethjs, Is chamber chr, whlch has attracted attention for its warm tone, rlch blend of tokwts and wbranry in perforrnance. Its siroers are drnwn from the pxjl ol the county5 fwst prCIonal chyal r31wt, who are alK> Independent solotsts In thelr own rlght. The cholvs unmlthkabty rh aTrJ full sOd has been realised eath slrvjer to be [e to use all cl thelr vc, matched ilh careful t11ng, (JeaUry warmth and resonaKe. 'knoro' in italian mans s¢Thyous, voths that are rfch and lull. an Scnoro INes up to that Thame as a clK)k Y41th a dlsUncLlve perfeLIty erjed sound. The prlncipal ad1V5 deSCrfb In the 5ethon Athlevement Ind PerfOrnian beth highIjht the ob*ctfves of the charfty a beirrfJ MÈ¢ this year In the areas of adVarn4 the apprecIatic of cal muslc In 5UPPOrt of events run by other UK CharItS. Publlc b•nefit In phnniThJ th atieS cl the tharfty the tfustres have had regard for the Charty Cornmisyon's gukdartt on publt benenL
SONORO (REGISTERED NUMBER: 10571468) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARQI 2025 ACHIEVEMEIITS AND PEIiFORMANCE Arti¥itie5 OTO has aladY earred a rewtstKJn as a b(Aly that prode5 a distlnrt and full sovrKI by lettiThJ it5 Ingets make full w of their Indwidual vcices, whlLs1 re9Jlting in a blended resonan. Independent profeSOn& slngers are attracted to this OPWrtunty and new ones continue to appty to be added to knoro's approved I cl parthers. There are $4ngers as Femwnent member5 of the choli. Each proFct and ent is resjrCed fr(m a list of professional singers that has been drawn up followiThJ audibons h the Arttstic Thr&tLYS on a regular tsa"S. It Is thls thOracterfC that is orE rf the rea[ comFkrysers1Ske to work wth the Artisuc Director5 and faoltste the oppjrtunities for recordings, leavlng the Art15tic Direttors to seled the most appropriate slngers frorn Sonoro's Ilst. Earfy In the year sow the lease ol the recording of muslc by Bflti%h c¢mposer Stephen 9SOn Ifunded by the Stephen Dodgson Trust) in Collabora0 th SOMM Recordings. Thrf0M wf(h wl cornrnitmenl thmughouY' (BBC Muslc Magaanel wyl tonaty Imma¢ulale and technlcalfy astoundlng.. Thls year also sjw a return to the St Ma9nus Intematbnal Fesuval In CTkty aAI, ow more, It alkYd the cyportunty for SOr0 to loin local ngers, workirs with them on vocal technlquE, and then pacipatIj in well-attended FerforMar5 as part of the fethal covering both Lgrye r>rks and sdectbn5 frorn Sonoro's Choral Irwiratk•n5 projects. part of ts core edL)n obRLtre, 9Or0 hosted workthop5 - r(Kusing on choral eonductlryji the other on chc¢71 slnglng. The Conductlrg Ma5ter¢loss worked wlth eht paljPants to hkJNight aa5 of development and Impro¥ernent in how to inter gjccessfulty wilh a clY)Ir ty dear communkaon through the effident mlerrn¢ cl haThJs and ams, as well a5 other visual technlques. Lt also inclLvJ&J vcKal production adv1 from one of SOr0,5 51ngers w) iolned colleagues to be dlrected by the partldpants. AdditB)nally, pTovSon was al made for Snterestsa pae$ to corne obwve thls for their cmn educauon. The secoTrJ workshop eltsIed $Ier5 to wtyk together wth Sowo srvjers hearTrJ Brahms, Eln DeutsC5 Requiem al hcm io ImprcNe y)und with vocal tethnue adjustment& Ce again, Sonoro Invited to pjrtidpate and the Ynglro In the a)ritynas carol cortert lor the charity Supporkn'rrfj Wounded Veterans In ntral thlon, attend8J by many Welkrn names in the eniertainment It has teen asked to Tewm for CMstrna5 2025. Regretfully the secoTrJ year, Swo not abk io contIn ts ¢lJse assjcktlon aTrJ colhbwauon M&tsn Must Foun¢atN)n that alk)wed r( to vIt prlmary 5cfv)D15 in the London BOrh of Merton a5 Part of Sonoro's educat#Jnal outreath prole¢ Sound CcnstrLKtlon. PreViouY this highly succesrful kyolect W been Sup)rtej by a grant from the National Lottery Cornmunlty FurMI dlstrSbuted by Merton GNlng. It would appear thal M&ton Gl%An9 has deadeij to reallocate mst of Its fundlr¥J ay fvom supprg education In mlC. It 15 very unfortunate that this apFears to te a growing trend anthgst scxne fundlng sour5. k)er, SoTh)ro dbj compte the year by aThl kvfoming In an eXcdnt de-by-Shje collaraOn wth the London Youth CIN)Ir and It5 Chamber Cholr. Scffioro wcked tLv4er wth LYC as45tlng durlThJ rehearsals and then shartd the fftnlro performance tha¢ agaln, Induded Items frorn the chal In5pITatyons prokcts. If Is hopLIJ that thls collaboration can be malntslngj and repeated In the fue, ewIng iornorrov15 rthrt+al &dult gwers to explore thelr Vc5 futher- the very heart of Sonort)'5 ethos. FINANCIAL REVIEW Financial posIon A summary of the finandal pjaibn ofthe tharlty15 provided on the balan whlch forrns a p•t of these ac¢wnts. Reserves poll chartty has no empW. Any wcle59Dnals engaged are on an lx prolExt by project basis The charity tkEreFce alms to hok1 sLfficThl reserve5 to enable It to meet its fw)arKial obllgations a5 tkw fall due over a three-mnth Ferknl, a durnfjon co[ldered sufficient to olbw for a controlled dOSu (I the company. th)uld St tse requlred. STRucfuRE, GOVERNAIKE AND MANAGEMENT Governing d(xument tharity Is constibAed as a u)rnpany lirnlted ty guarantee, as thflnLY by the Companies Art 2006, aTrJ Its gmynlng dcrJJrnent is its MemotBndum Artths of A13b'cr adopted ty a Special resolutlon on 21* SeptemÈer 2021 and fded with the Charfty Commisslon. R¢cTuftment and appolntmert of new trustees trtee5 have the power to appoirt additiorot trwtees, raknng Into considerouon any 5FeClIst lIS or aptiude that a pCeoI tnjstee may posse55 that tenefft or WK1 the exFerti5e knle area cl t trustees.
SONORO (REGISTERED NUMBER: 10571468) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 stRUCTURE, GOVER14APXE AND MANAGEMEP Decision making Trustee5 meeL regukirty to Qfflpany's OFeratrn, plan5 and finandal tstU5 as stated and prOpd by OPErations team, led by the ArtLstic DitECtors, to whth the day-to4ay management of the Company is degated. No TtustEe re11 any ftes, reftneratI)n, aal Ixrfft or te[-In-1 for holdlng the role of Tnthe and can cdy ckikn the reirnburnent for any alsed expenses inojrred subptt to ts tem)s defined in Company ArtKks. REFEREPKE ANO ADMIt41STRATIVE DEfAI Ragigtered Company number 10571468 IEnglaThJ and wa$) R•glstered ChDrlty numb•r 1196048 R¢glstsr•d offlce 4th Tuitson House 27137 St George's Rced WlmbthJn London SW19 4EU Prln¢lp•l addr• 18 Barthokjmew Ckxe Haslemere Surrey 27 IEN Pelyr HKkson {Chalr) Phlroz Dalal Neil Dennis MeknÈ Hancox ElizaEkth Neale Hekn W1115 Indepondont Examlner Hart Fowker LLP artered 1£Cjntsnts 4th H( TultK)n House 27-37 st Gee'S Ro& Wimb*don London SW19 4EU TRUSTEES RESPONSIBILTrY srATEMENT TIE tru&ees (who are a0 the direttors of SoTh)ro for the wrFQSes of corrwany lawl are resro)5ible f(w weparirvJ the Rep¢Jt of the Trustees the nnancial ststemenrs in accordarn alCable Urnted Kingdw Accr4JntiNJ StaTrJards {Unlted Kirydom Genernly kcepted A(LounTrJ pr.).
SONORO {REGisfERED NUMBER: 10571468) REPORT OF THE TRuEEs FOR THE YEAR ENDED 31 MARCH 2025 TRUSTees' RESPONSIBIUTY STATEMENf. continu•d Company Law requires the trustees to wepare firkinclal stsiernents f( each flnanckil year. UThJer tlk bw, the truthes hove elected to ptEpare finaal stateTrert5 in rdarKe with Unted Genal Acceptej Pa0rj PrKiKe {Unlted KiNJM thnting stanttaS appltable lawl. Uth eWaV L]w the trtjtss must not approve the financlal 5tateftnts unless tw a satl&SoJ they glve a true and fa view of the state of affaits of the charitatle cornpay aThJ of irthnlng resour and application of resrAffts, Ind114 the Incon and experk1iture, of the thjritatle cotr4)any for trwt rK)y. In weparirwJ those fknancial ternents, the trustees are required to lect suitable acc¢1ng pc4$ and then apply thern c(%ently1 observe the methots and pripIeS In the Charibe5 Rp,. rnake iudgernents estimates that are reaKnablE and pnJJenL prepare the flnanaal golrrfj cortem baS unless 11 Is 7ppropate to pre9Jme that charltatle o)mpary WIII LDnUnue in tr4J51rw. trltstees a respK)nt1e for kewng proper x¢wl¥j rordS whlth dlxb5e wh wsonable accurxy at any bTrE the flnaal posltion of the charitable company and to enable them to ensure that the flnarKial statements cornply th the Compan5 Att 2006. They are al respsIble 4fegvardlng the awts cl the charthÈ uxnpany aTrJ heKe f taking reasonats steps fcrf the Pention and detecti cl fraud and otr irregularitles Approved by order of b>a cl trustee5 on 16 January 2026 Igned cfi ts belkiw by: Peter Hlckson- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SONORO Independent&xaminer's rnport to the trustees of Sonty• {he Company,) l to the charity trLStee5 cfi rny eXaMinan cl the accounts of the CoMn¥ for yearended 31 March 2025. RW91bllltles and ba4$of r•pwt As thartvs trustees of Q)mpany {aThJ also ts ¢J're¢tors f the purp(tses of company law) a SpOnb fc the Preparat1 cl the ac(Dunts In Kcordarn wlth requirements Oft c[npan5 Att 2161't 2006 ACY). HawThJ sfIed nrySe that the Kcounts d t1 cpanY a wulred to be atted undtr Part 16 d the 2006 Att aThJ are eliglble for lThJependent examlnailon, I report In resFett of my examination of y¢xJr chartys acctjjnts as carrted (Njt unts 145 of the Charitie5 Att 20111'the 2011 Att'}. In out my examination I have folb)wed ihe DirectDns gfven Comrni55k>n under SethC 145{51 Ibl d the 2011 ALt. Independent examlner'$ statement I have cornpleted my examinab¢y). I conTrm thèi no have come to ffly attenOn In (C2(n th the eyAmlnats"on gmng rne cause to believe". accounting rd$ were kept In of ts Company as requlred by Sethon 386 of the 2C(6 or couts do nct accord with those records; ¢r a(thJnts tth) comply with the attwntlng reqTern1ts ol Secfjon 396 of the 2CI)6 ALI othr th3n any requlrernent that the accounts glve a tnje and fair view which is not a matter consldered as part of an indepcndert exam1natic., the accounts have not been ppared in aceordance th the Meth5 w[pIeS of the Statement of RecOmmerd Practke for KcounJng and reportlng by tharits.es lapplKable to charitie5 prepartrfj thelr acc(xJnts In accordan wf(h the Flnandal RertIng Standard applab h the UK Rwiblt d Lreland (FRS 1021). I have no corKerrns and have corre mss no other matters In conneth wllh the exomlnaUcffl to which aitenfjon be drawn In thLs report In order to enabk a proper understaTrJSng of the atcounts to be ?ched. Joftath n Askew Hartley Fowkr LLP Cnartered Antsnts 4th Tultlon House 27-37 St Georoe'5 Road Wlmbdc London SW19 4EU Date..
SONORO STATEMENT OF FINANCIAL AcrivrriES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Tctsl ftjnds 2024 Total fvnds Urrestritled fuTrJ R&rthd funds Note5 INCOME AND ENDOWMEfs FROM Grants aThJ donab. 46,94D 578 47,518 51017 Charftable activitiei Chartsbk lIAe5 41,771 41,771 18,467 T¢)tsl 88,711 578 89,289 70,484 EXPENDMIRE ON Charitsbl¢ ortlvlti•J Charitable tltIeS 84,373 &1,413 72,512 NET INCOMEI(EXPEMDrruRE) 4,338 538 (2,028) RECONCIUATIQN OF PJNDS Totsl funds broutht forward 1,027 2,887 3,914 5,942 T(YfAL FUP4DS CARRIED FORWARD 5,365 3,425 8,790 3,914 The notÉs form pyrt (A tw financial swements
SONORO (REGIsfERED NUMBER: 10571468) BALANCE SHEET 31 MARCH 2025 2U25 Totsl fund5 2024 Totsl fu15 fu fvnds Notes FIXED ASSETS Tangib assets 910 910 970 CURRENT ASSE 719 12,050 719 15,475 1,071 8,481 Cash at bank 3,425 12,769 3,425 16,194 9,552 CREDrrciis Aftv)unts faliw thIn one year (83141 18,3141 (6,608) NEf CURRENT ASSEf5 4,45S 3,425 TOTAL ASSETS LESS CURRENT LIABILtriEs 5?65 3,425 8,790 3,914 5,365 3.425 8,790 3,914 FUNDS Ufftstrfrted lunds rictsd funds 5,365 3,425 1,027 TOTAL FUNDS 8,790 3,914 The ctrorltab cunpany Is endtled to frorn alf( urbjer Sectkin 477 of the Cornpans PLt 2006 for the year eTrd 31 March 2025. The ftwnÈers have Mt requlred company to obtsln an audit of Its flnarKlal statements the year end& 31 March ¥)25 In aCthan Sectlon 476 of the Companies Act 20Cfi. trustees knOWd trir rewngblllues for engjrtng that the charltsble coryany kp5 pLcounYng rdS thai cornp lth Sectlon5 386 387 of the Companles Act 2006 aThJ preparirrfj finanoal staternents which gfve a tr arKI falr of the ol affalr5 of the tharitabk ¢ompany as al the eN1 of each flnanoal year and of its surplus ¢y deffclt ftr each financ¥31 year in acccd3nce the raj[ements of SEttions 394 and 395 aThJ whth otMise compty th q(reMents of the Act 2006 relatiTrJ to firncbal ststernents, far as appllcabk to ihe chatfjtable compary. These flnanclal ststements have preFer In accordarKe wth the applkobk to charlable conwans sJbt to tke 5rnall companles gIrrE. finandal statemnts were appr1 by the Bowd of Truees and authori fc Issue on 16 Uary 2026 aTrJ here s1 on ts behalf by: (a) {bl The wte5 fom) part of the finanoal statements
SONORO NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AccouNfiNG POUCIES easis of weparlng the financial statemerts The finarKial ststements cl the charitale company, wkith Ls a publK tenefii entyty uttrr FRS 102, have been pKepared In rdance with the charleS SORP IFRS 1021 'Accountin9 and Reporng ty CritIeS.. Ststunent cl RmllmeTrJed Prarte apFAicable to chartb.es pParI thelr cnts in aCc(Xdae wth the Firkirrial ReFofjng Standard app1kab in the UK and Republk of ]larKI {FRS 1021 leffectNe l janary 20191,, financial RetK)rting Stsndard 102 Financial Rem'ng Stsndard appllcable in thE UK and Reputlr rf land, arwj the Companles Act 2006. The finanaal &atements have been prepared undw the hlstorlcal cost wnventbn. Incom All income Is gnised In the Statnt of Trantial Acti.eS orte the charlty has enuuement to the funds, It Is probab that the irKorne wlll recelved and ttr amount can be nwsured Ilabty. Expendltyre ab111t5 a rec03ned as eXFernlltU as soon as there is a gaI or con5trucifve cbl¢atrcffj comrnittlng the charlty to that expendlture, It is probable that a transfer of econornic beneris wlll be requlred In sdUement and the arrthnt ol oNKJaUon can be measured rellably. Expendlbjre 15 accounted for on an accru415 basis and ha5 en cksgfied urKJer headirgs thal aggregate all co& related to the catewry. wtre costs cannot be dlrecity thbuted lo paCUlar headin&4 tly have been all to attmtks on a bals wn51stent wf(h u of 55. T•nglble flx•d as•ts Deprec 15 pded at the fdkjwirwj annual rate5 in order to off eath asset over Its esilm&èJ ulul Ilfe. Plènt maChery 2S% on cost Taxatlon tharty Is exernpt from corpyatlon tsx on ts clkirltable aCte5. Fund Kcounting Unrestricted lunds can te used Sn wlth th)rltab oblectlves at the d*retlon of ts trLt5tees. Rethted fuTrJ5 can orty be us8J fcr rtiitthL3r restrfcted purposes within the ObCts of the tharity. ResLTttloThs arlse when srtofied or when funds are rnised for partlalar resirkted purp% Further explanatw cl the nature and pur of each fund15 Inchka In leS to the flnandal #atements. SUPPORT cosrs Flnan costs Totals Charttsble xtlv6tks 598 4,863 5,461
SONORO NOTES TO THE FINANCIAL sfATEMErirs- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 SVPPORT COSTS. contlnued S4Jport CLbts, IncIley in the ab)ve, are as fdhyws: Flnance 2025 Chartab ats"e5 2024 Total "wties Bank charyes 392 Governanc• m•ts 2025 Cjkirltab athIe5 2024 Trtal es AccountanLV fees Other pn)f&onol th)ryes 3,227 1,636 3,3 780 4,863 4,CQO NEf INCOMEI(EXPENDITURE) Nrt S(expertle) Is clkirgI(Credng).' 2025 2024 Depreci)tSon . owrd assets Computer software amortls3th)n 409 636 TRusfEES' REMUNERATION AND BENEFITS TrEre were m tru5tees' remuneration or ottrtr tenefits for year ended 31 M)rch 2025 nor for year eThJed 31 Marth 2024. Ye We no tweeg exFenses ptld forthe year ended 31 March 2025 Tr)r year eThJed 31 Marth 2024, COMPARATIVES FOR THE sfATEMENT OF FINANCtALACTIIES UnrestrfLtrd lund Rethrted fund5 Totsl fu It4COME AND fNDOWMENTS FROM Grants donali)n5 48,531 3,4B6 52x117 Charftable ¥thiti Chantsbk athviues IS,622 2,845 18,467 Trtal 64,153 6,331 70,484 EXPENDITURE ON Charltable actlvitie• charltsb actyvitie5 67?80 5,132 72,512 NEf IlKOMEI(EXPENDtWRE) 13,227) 1,199 (2,0281
SONORO NOTES TO THE FINANCIAL sfATEMENTS- ¢Mtlnued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR TME sfATEMENT OF FIMAIICIALACTIE$. cortlnued Unrethcfrd fu ricted lunds Totsl RECONCILIATION OF FUNDS T¢Jtal fvnts brDught forward 4,254 1,6 5,942 TOTAL FUNDS CARRIED FORWARD 1,027 2,887 3,914 SOFIWARE cosrs Computer At l Aprfl 2024 aTrJ 31 Marth 2025 2,635 AMQRTISATION At I ApTII 2024 ar 31 March 2025 2,635 14Ef BOOK VALVE At 31 March 2025 At 31 March 2024 TANGIBLE FIXED ASSErs Plant aTr machlnery cosr At l April 2024 4,195 349 At 31 March 2025 DEPRECIATION At l Aprfl 2024 Charge for year 3.225 At 31 March 2025 3,634 NET BOOK VALUE At 31 Math 2025 910 At 31 March 2024 970 -1
SONORO NOTES TO THE FINANCIAL ATEMENTs- C<bntinued FOR THE YEAR EMDED 31 MARCH 2025 DE8TORS: AMOUF5 FALUNG DUE WtfHIN ONE YEAR 2025 2024 Trade detkn Other debtors Prepayn*nts 633 431 719 1,071 CREDTf¢)RS: AMOUNTS FALUNG DUE WTTrIIN 014E YEAR 2025 2024 Bank loans and cNvdr3fts (see note 10) Trade crEditors kcrucd expenses 334 4,108 3,872 3,308 3,300 8,314 6,608 io. An )515 of the lUrty of InS L5 gn bekny.. 2025 2024 urts fallln9 wthln one year dThnd'. Bank overdrafts 334 ii. MOVEMENT IN FUNDS Net Veftnt In fwd5 II4R4 3113R5 Unyertrlcted fund• General luNI 1,027 4,338 5,365 R•rtr5Ltsd fund• horal IrfjplratiMs 538 3,425 TOTAL FUNDS 3,914 4,876 Net rnfftment In fuTrJ5, IndLkled In the ale are as fd1¢).. Irthrniffj Resources eyrKled Movfftrt In funds Unrnstrkt¢d fvnds Geal fund 88,711 184,3731 4,338 Re5trltt•d fun Chyal n1ratnS 578 140) 538 TOTAL FUNDS 89,293 (84,413} 4,876
SONORO NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOWEMENf IN FU14DS- continuod Comparjubw for Mov•nort In funds Net At 3113124 At 114123 In fuTrJ5 Vnregtricted fvNIJ Geal fu 4,254 (3,227) 1,027 Rertrktsd fund Merton GNlng C1 Insplratlons 29 1,659 1,199 2,858 1,199 2,887 TOTAL FUNDS 5,942 (2,028) 3,914 CiJMparave net nwemert In fur& Indled In the aLthie a lollow5.' Ir(omkng rexjurces experKJed In fund5 Unr••trlrt•d funds Genwal fund 64,153 (67,3> 13,2271 R•Jtrlctod fund• CIKJral In5ptraUMs 6,331 {5,132) 1,199 TOTAL FUNDS 70,484 (72,512) 12,0281 12. RELATED PARTY DISCLOSURES no rdated party tranL0)n5 Icf the year en(*d 31 Marth 2025. -12-