Brighter Sound Ltd - Limited company accounts 11.6
Brighter Sound Ltd - Limited company accounts 11.6
| REGISTERED NUMBER: |
| BRIGHTER SOUND LTD |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 March 2014 |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| BRIGHTER SOUND LTD |
| Company Information |
| for the Year Ended 31 March 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Registered Auditor |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Report of the Directors |
| for the Year Ended 31 March 2014 |
| The directors present their report with the financial statements of the company for the year ended 31 March 2014. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of advancing education by music related |
| workshops and events. |
| REVIEW OF BUSINESS |
| I have had an inspiring year as Chair of Brighter Sound, seeing through our work the different ways people interact with |
| music and the impact it has on their lives and on those around them - from children struggling with school and home life |
| to emerging musicians looking for a creative epiphany. |
| I have seen how our company's drive to deliver the work it does stems from witnessing the deep impact of creative music |
| making - in particular music that is collaboratively written, that is truly relevant to the different people, organisations and |
| sectors that we work with. |
| I have been impressed by the musicians we work with, who are not only great artists but have a brilliance about the way |
| they communicate, engage and inspire. |
| I have seen how the programmes we produce can genuinely create altered states, catalyse creativity stimulate curiosity |
| and imagination, can change lives, inspire collaboration and break down barriers. How they can not only empower |
| emerging musicians, children, young people, and people of all ages - but how the work they produce can inspire and |
| reach audiences across all sectors and all communities. |
| The highlights of this year were Brighter Sound's significant work with Music Education Hubs across the North West |
| Region, specifically working towards structural change through advising, promoting, and delivering musical inclusion |
| activity and progression routes across a wide range of children and young people in challenging circumstances. |
| This work has positioned the company as an expert in its field with MEH's and Local Authorities commissioning the |
| company to deliver needs analysis of the sector and Brighter Sound presenting at the National Music Mark Conference |
| in November. |
| In addition it was really exciting to see the legacy of our second Artistic Directors Series residency with Snarky Puppy |
| and the emerging musicians performing as part of the Manchester Jazz Festival and subsequently the commissioning of |
| Brighter Sound by Manchester City Council to creatively produce a curated artistic residency as a highlight of the |
| Manchester Central Library's opening programme. |
| The broadening of the Creative Learning Programme with early years Shake Rattle and Roll, our Manchester Youth Jazz |
| Collective and further performances of our Golden Voices Choir has also invigorated our host venue Band on the Wall |
| and it has been pleasing to see the strengthening and development of that partnership. |
| Finally, our Excellence in Singing programme reached children and young people in challenging circumstances across |
| Greater Manchester and created 3 new Choirs with a focus on creative writing and singing. It was great to witness the |
| huge impact this programme had on young peoples confidence building, composing and writing skills. |
| This year has also seen Brighter Sound grow its strategic impact and profile. We were successful in achieving Charitable |
| Status enabling us to raise resources from a wider range of Trusts and Foundations and Donors. |
| We were also successful in our Musical Inclusion Extension application and our application to be part of the Exchanging |
| Notes programme- a national research programme working with schools to look at formal and non formal pedagogies |
| through music. In addition in March 2014 we heard we were successful in our ACE application for our Wall of Sounds |
| Programme. |
| However there have been challenges. General cutbacks in arts funding and challenges in our own fundraising meant that |
| we had to think carefully about our long-term financial stability through to 2014/15. We have managed a restructure of |
| our core team that will enable us to flexibly work around future fluctuations in funding, whilst maintaining our usual |
| level of excellence in strategy and delivery. |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Report of the Directors |
| for the Year Ended 31 March 2014 |
| Looking forward to 2014-15, we have an exciting year ahead, with major projects taking place through our emerging |
| professional musicians strand, a major commission by the city, together with action research and delivery projects with |
| young people across the North West. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this report. |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Income and Expenditure Account |
| for the Year Ended 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING (DEFICIT)/SURPLUS and |
| (DEFICIT)/SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION |
2 |
( |
) |
| Tax on (deficit)/surplus on ordinary activities |
3 |
| (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
( |
) |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Balance Sheet |
| 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account | 7 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on by: |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents revenue grants which are taken to the profit and loss account so as to match with the |
| expenditure to which they relate. Grants received in respect of future periods are carried forward in the balance |
| sheet as deferred income. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 2. | OPERATING (DEFICIT)/SURPLUS |
| The operating deficit (2013 - operating surplus) is stated after charging: |
| 31.3.14 | 31.3.13 |
| £ | £ |
| Depreciation - owned assets |
| Directors' remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2014 nor for the year |
| ended 31 March 2013. |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| BRIGHTER SOUND LTD (REGISTERED NUMBER: 05100495) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2014 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.14 | 31.3.13 |
| £ | £ |
| Trade debtors | 36,799 | 21,220 |
| Other debtors | 20,652 | 33,673 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.14 | 31.3.13 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RESERVES |
| Income |
| and |
| expenditure |
| account |
| £ |
| At 1 April 2013 |
| Deficit for the year | ( |
) |
| At 31 March 2014 |
| 8. | COMPANY STATUS |
| The company is incorporated under the Companies Act as a company limited by guarantee and not having a |
| share capital. The company is a not for profit organisation and its constitution prevents the distribution of the |
| profits to its members. |