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The trust's net income was £48,172 and expenditure on charitable activities totalled £164,334 in the year ending 31 March 2025.
NET INCOME/(EXPENDITURE) 48,172 (25,827) 22,345
Financial · Metric statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 16
The trust's unrestricted funds totalled £99,354 and restricted funds totalled £16,207 at the end of 31 March 2026.
TOTAL FUNDS CARRIED FORWARD 99,354 16,207 115,561
Financial · Metric statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 16
The trust's total staff costs were £102,028 in the year ending 31 March 2026.
Wages and salaries 89,072 119,308 Social security costs 9,759 7,763 Other pension costs 3,197 4,463
Financial · Funding statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 15
No freelance fees or expenses were paid to trustees in the year ending 31 March 2026.
During the year no freelance fees or expenses were paid to Trustees (2025: £nil).
Governance · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 15
The trust paid £2,750 to its independent examiner in the year ending 31 March 2026.
Fees paid to our independent examiner total £2,750 net of vat (2025: £2,275).
Financial · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 14
The trust incurred £3,300 in finance costs and £90 in governance costs for music therapy.
Governance Finance costs Totals £ £ £ Music Therapy 90 3,300 3,390
Financial · Funding statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 14
The trust's direct costs for music therapy were £192,807 in the year ending 31 March 2026.
Direct costs (see Costs note 5) Totals £ £ Music Therapy 192,807 3,390 196,197
Financial · Funding statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 14
The trust received £47,614 in donations and £48,498 in grants during the year ending 31 March 2026.
Donations 47,614 27,927 Grants 48,498 156,179
Financial · Funding statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 14
Soundwell Music Therapy Trust's income from charitable activities includes donations and grants.
Income from Charitable Activities includes income recognised as earned (as the related goods or services are provided) under contract.
Financial · Policy statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 14
The charity's financial statements were prepared in accordance with the Charities SORP and FRS 102.
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Financial · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 13
The charity's financial statements were examined by Monahans Chartered Accountants.
I report to the charity trustees on my examination of the accounts of Soundwell Music Therapy Trust (the Trust) for the year ended 31 March 2026.
Financial · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 10
The charity's financial statements were approved and signed by the Board of Trustees on July 21, 2026.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2026
Governance · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 12
The charity's financial statements were prepared under the historical cost convention and not on a going concern basis.
Following the Board of Trustees decision to wind the charity up in July 2026, these accounts have not been prepared on the going concern basis.
Financial · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 12
The Soundwell website will remain accessible for ten years after closure to provide resources such as the Legacy Impact Report.
The Soundwell website will remain visible for 10 years from 31 July, so that resources can be viewed, for example our Legacy Impact Report.
Operational · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 7
All staff and Trustees have up-to-date safeguarding training at appropriate levels for their roles.
All staff and Trustees have up to date safeguarding training at level 2, 3 or 4 as appropriate for the role.
Operational · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 7
The Board reviews financial position and performance at each meeting to ensure long-term cash position stability.
In relation to finance, the Board reviewed the financial position and performance of the Charity at each meeting, and actively considered the long-term cash position.
Financial · Procedural statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 7
The current level of reserves stands at £16,763 after providing for cessation costs.
The current level of reserves stands at £16,763, all of which are free reserves. This is after providing for the cessation costs of £66,556.
Financial · Funding statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 8
Soundwell Music Therapy Trust will cease operations in July 2026, and the charity is not a going concern.
I draw attention to note 1 of the financial statements which states that Soundwell Music Therapy Trust will cease operations in July 2026. The charity is not a going concern.
Strategic · Commitment statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 10
The charity's reserves policy is based on an average of three months' expenditure from the previous year.
The Reserves Policy was reviewed annually as part of Soundwell's financial planning and is usually based on an average of 3 months of the previous year's expenditure.
Financial · Funding statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 8
The charity aims to educate the public and service providers about the benefits of music therapy for emotional or mental distress.
TO ADVANCE THE EDUCATION OF THE PUBLIC, AND IN PARTICULAR SERVICE PROVIDERS AND THE MUSIC THERAPY PROFESSION INTO THE BENEFITS OF MUSIC THERAPY AND OTHER MUSICAL ACTIVITIES THAT PROMOTE WELLBEING, FOR PEOPLE EXPERIENCING EMOTIONAL OR MENTAL DISTRESS.
Policy · Policy statement · From Soundwell Music Therapy Trust — annual report and accounts, year ending 31 March 2026, page 7