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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 02446126 (England and Wales) REGISTERED CHARITY NUMBER: 1001474

Report of the Trustees and Financial Statements

for the Year Ended 30 June 2021

for

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Locke Williams Associates LLP Chartered Accountants Registered Auditors c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

BIRMINGHAM CONTEMPORARY MUSIC GROUP Contents of the Financial Statements

for the Year Ended 30 June 2021

Page
Chair’s Report 1 to 2
Report of the Trustees 3 to 8
Report of the Independent Auditors 9 to 11
Statement of Financial Activities 12
Balance Sheet 13 to 14
Cash Flow Statement 15
Notes to the Financial Statements 16 to 25

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Chair’s Report

for the Year Ended 30 June 2021

Last year's report demonstrated the impact of the Covid-19 pandemic on the work of Birmingham Contemporary Music Group (BCMG). We were not alone in the performing arts in having to cancel or postpone much of our programme. I am pleased to say that this report covers a period when we were able gradually to re-emerge not only through the inventive use of streaming, but with some live performances too. The result for the year - showing a carried forward credit of £114,274 - is encouraging. It should be noted, however, that it is the Group's ambition to reinstate projects which have had to be delayed. Carried forward funds will be important in delivering this aim.

In the summer of 2020, BCMG musicians performed in Stockhausen's Sternklang in Hanover - performing in the open air as intended by the composer. In Birmingham, Stockhausen's Tierkreis was performed - also in the open, in Brindleyplace - by BCMG's co-founder, Ulrich Heinen. The performance attracted an interested and engaged audience and follows in BCMG's now established tradition of open-air performance to take contemporary work to those who might not venture into a more formal setting. Performing outside also aided compliance with BCMG's rigorous Covid safety measures, consciously aiming to protect musicians and staff as well as the public.

Towards the end of period under review and very soon after the easing of Government Covid-related restrictions, BCMG returned to live indoor performance with Huang Ruo's A Dust in Time given in the attractive setting of St Paul's Church Birmingham. Earlier, this work had been filmed and released online by BCMG as part of the Beijing Music Festival. BCMG's association with China and Chinese artists was reflected in Back to the Beginning. The livestream featured works by British and Chinese composers, including the Soliloquies and Dialogues commission from Ma Xiao-Qing; I suspect the event was made especially memorable for those members of the public who participated on-line in Sir Harrison Birtwistle's Roddy's Reel.

During the pandemic, Arts Council England have shown flexibility and understanding over the inevitable changes in BCMG's programme. Funding has been maintained broadly at the level of previous years. We are most grateful to the Council and its officers for this. Additional support from the Arts Council has been provided through the Government's Cultural Recovery Fund. This award of £56,635 has enabled BCMG to record - in high-quality video - Birtwistle's Cantus Iambeus and Param Vir's Hayagriva for release on BCMG's YouTube channel. Both works were given subsequent public performances. The Cultural Recovery Fund award also enabled BCMG to workshop a Sound Investment commission - Christian Mason's The Singing Tree, and Helmut Lachenmann's Concertini. Both were rehearsed in Birmingham's Town Hall with musicians from NEXT - BCMG's early career artist training programme - joining established BCMG musicians. This was the first large-scale ensemble work to take place by BCMG in Birmingham since the series of lockdowns began. We are grateful to the Arts Council for this further investment and demonstration of confidence in the Group.

While the pandemic has brought frustrations and difficulties for us all, the consequent restrictions have hit musicians especially hard. It is therefore gratifying to see the gradual return of live ensemble work. Alongside this, lockdowns have enabled BCMG to reassess its work on-line. Inventive arrangements such as Soliloquies and Dialogues - commissions for musicians in lockdown by composers in lockdown - were repeated live. These performances at Arnolfini in Bristol represent a new partnership which we hope will see more work shared with Birmingham, BCMG's permanent home, and elsewhere. The livestream Words from Abroad featured competition winners of the 2019-20 O/Modernt Composition Award given in partnership with BCMG and marking the poet Paul Celan's centenary. During the period under review and in spite of circumstances, BCMG can creditably claim six commissions, with the associated first performances, and three further first performances through the Paul Celan call for scores. We continue to explore a wide range of work from around the world, with artists and composers of differing cultural backgrounds, as well as supporting British-based composers and musicians writing in a wide range of styles.

BCMG's admired learning programme continued during this period, with the Music Maze, Zigzag and Creative Composing Lab workshop programmes reaching young people via Zoom. In addition, dozens of resources have been published online to help young people compose at home. We know that these have had an international reach, as well as being fully utilised within the UK. With the gradual return of live activity, work is taking place in nine primary schools. BCMG is guiding composition by pupils on the theme of trees; work is linked to Christian Mason's The Singing Tree commission. This exploration of the environment we live in seems timely. We express our warm thanks to the Paul Hamlyn Foundation for their generous support of the learning programme in schools.

Page 1

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Chair’s Report

for the Year Ended 30 June 2021

During this period BCMG welcomed three new members of staff. Lakshmi Gollapalli, ACA, joined as Head of Finance; Elaine Griffin as Head of Development; and Amy Hoult as Marketing Executive. Although the administration of BCMG is lean, over the years the Group has played a useful role in training and developing staff, some of whom remain in the arts, others who, in time, move to related fields. Elizabeth Pearson-Hadley, previously Head of Finance has stayed in the arts in Birmingham; while Nicole Hermanns, former Head of Development, has moved to an important role in the city fund-raising in the health sector. We thank them both for their strong contributions to BCMG and wish them well in their new roles.

The BCMG team - under the leadership of Stephan Meier - has shown strong resilience throughout the series of lockdowns. Coordination and the level of activity has been exemplary in spite of the challenges of working from home. On behalf of the Board, I thank them all most warmly.

In June 2021, Christoph Trestler retired as Chair of BCMG. Christoph - who was elected in 2015 - brought strong leadership to the organisation. We are most grateful to him for his dedication over the six years of his appointment and for his considerable personal generosity to BCMG.

We must note the death of a former long-serving Board Member of BCMG. Simon Purkess, who died in July 2021, served as Honorary Finance Director for over 20 years. He devoted much time to the organisation, in spite of his considerable commitments as a partner in KPMG. Simon invariably recognised the need for risk-taking alongside sound finances in a contemporary organisation of this kind.

Kenneth Baird Acting Chair

Page 2

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Report of the Trustees for the Year Ended 30 June 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The Charity was established to advance the information and education of the public by promoting and developing the artistic taste, knowledge, understanding and appreciation of contemporary music and music theatre. Its activities continue to achieve this objective, and this has remained unchanged throughout the year under review.

The strategy employed to achieve the Charity's objectives is to undertake the major activities listed below:

Our Mission is to bring composers, musicians and audiences together, in all their diversity, regionally, nationally and internationally to celebrate the music of today and nurture the music and musicians of tomorrow. We do this from our Birmingham base through an integrated programme of performances, commissions, and learning activity, and by encouraging research, dialogue, and the exchange of ideas.

Our core aim to commission and perform new work is shaped by our responsibilities to:

Page 3

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Report of the Trustees for the Year Ended 30 June 2021

ACHIEVEMENT AND PERFORMANCE

BCMG Commissions and Premieres

Productions and Performances:

Page 4

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Report of the Trustees for the Year Ended 30 June 2021

Learn & Take Part:

FINANCIAL REVIEW

Principal funding sources

The Company's principal funding sources were revenue grant income from Arts Council England of £319,653 (2020: £325,534) and from City of Birmingham Symphony Orchestra of £9,063 (2020: £11,864); other grant income of £8,045 (2020: £32,981); sponsorship and donations of £102,051 (2020: £120,609); and earned income arising from charitable activities of £44,777 (2020: £38,874).

Results

Notwithstanding the continuing backdrop of cuts in the public funding of arts organisations and continued financial pressure on grant-making bodies and individuals, the Company pursued an ambitious programme of work that sought to demonstrate its commitment to innovation and excellence in artistic performance. The Company's net surplus for the year after transfers was £31,619.

Reserves policy

The Charity is run in accordance with a medium to long-term financial framework of a balanced budget. Therefore, whilst within any one financial year a surplus or deficit may be recorded, it is the Trustees' intention that the Company will always be in a financial position to settle its liabilities as they fall due. For this reason, whilst the Company's core grant and revenue funding is relatively stable, the Company operates a reserves policy that seeks to protect against unexpected costs or shortfalls in project funding with respect to its artistic programme.

Consistent with the last two years, the Trustees have taken the view that reserves should equate to three months' support costs in the medium term. The general (unrestricted) reserves carried forward at 30 June 2021 of £114,274 (2020: £68,332), meet this target. Free reserves, excluding fixed assets, were £92,662 (2020: £47,732). The Directors will continue to monitor the adequacy of reserves in the light of the Company's funding status and will replenish them as required over the medium term.

Reserves are set out in Note 16 to the Financial Statements.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Future developments

Funding for the arts continues to be a challenge, not least for an organisation such as BCMG which is seeking to bring new work to a wider public. The Directors recognise the challenges that BCMG faces and have instigated several work streams to help address these issues. The future programme is ambitious, and quality will never be compromised despite the financial pressures. At the same time, we will rigorously monitor the financial progress of all projects against carefully designed budgets and ensure that the Company always has sufficient resources to fulfil its ambitions.

Page 5

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Report of the Trustees for the Year Ended 30 June 2021

FUTURE PLANS

As confidence grows that live concerts will continue to be possible in 2021 and 2022, BCMG plans a full season of concerts. In summer 2021, we plan to return to Brindleyplace in Birmingham for open-air concerts with clarinettist Oliver Janes and violinist Colette Overdijk performing solos and duos, and we have been invited to perform as part of Birmingham Weekender where we intend to perform Fabien Lévy's Before Tomorrow, a work for five car horns - lockdown music in a post-lockdown world. We celebrate British composer Mark Anthony-Turnage's 60th birthday with the world premiere performance of his Concertino for clarinet and ensemble in Birmingham and at Music@Malling, and we join forces with LegacyWM for Freedom50, performing in celebration of 50 years of Bangladeshi independence. We will perform for the first time at Symphony Hall's new Jennifer Blackwell Performance Space and return to Bristol Arnolfini for a programme of nocturnes including music by John Cage, Charlotte Bray and Julian Anderson. Later in the season, we plan to perform new commissions in Hanover and Bologna as part of our Do We Need a New Compass? project in partnership with Das Neue Ensemble and FontanaMIX.

We continue to work with our partners to reorganise the performances and events that were postponed due to COVID19, including our performance of Stockhausen's Sternklang at ACHT BRÜCKEN in Cologne, John Cage's Ryoanji under the cherry blossom in Brindleyplace in Birmingham in partnership with Ikon, the world premiere of the English-speaking version of Peter Eötvös's chamber opera, Secret Kiss, in partnership with Wigmore Hall, and a variety of learning activities.

In addition to these performances, BCMG's Learn & Take Part Programme continues its highly acclaimed programming, offering creative music making workshops to young people in school and out of school, along with continuing professional development for educators, and composers and musicians wanting to work with young people.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Birmingham Contemporary Music Group is a Company and is therefore governed by its Memorandum and Articles of Association. The Company is limited by guarantee. The Directors of the Company are also members and as such they guarantee to contribute to the assets of the Company, in the event of it being wound up, such amount as may be required and not exceeding £1.

The Company is also registered as a Charity with the Charity Commission and is therefore subject to the Charity Commission's rules. As a Charity, the Company, in the opinion of its Directors, complies with the requirements of Section 60 of the Companies Names Act 2006 which exempts the Charity from the requirement to include "Limited" as part of its name.

Recruitment and appointment of new trustees

The identification of suitable Trustees considers the skills required by the Board at the time. Trustees are limited to serving two terms of three years each.

Organisational structure

The Board of Trustees, of which the minimum number is two, governs the Charity. The board meets on a formal basis at least four times a year. In addition, and where necessary, separate sub-committees are formed as required to examine specific aspects of the Charity's work. The Board's responsibilities include the review and approval of the quarterly and annual accounts, approval of artistic plans and adoption of Company policies.

The Board appoints an Artistic Director who is also Chief Executive Officer, to manage the day-to-day operations of the Charity.

Induction and training of new trustees

Each Trustee receives an induction pack and has an introductory meeting with staff. Each Trustee has the right to receive training, at the Company's expense, in order that they may understand their legal obligations and fulfil their roles. In addition, the Trustees are encouraged to meet the Company's employees and players on a regular basis in order to understand the organisation better and thus facilitate the undertaking of their duties.

Page 6

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Report of the Trustees for the Year Ended 30 June 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Key management remuneration

The Board of Directors (Trustees) and the Chief Executive comprise the key management personnel of the charity in charge of directing and controlling, running, and operating the charity on a day-to-day basis. All Directors give of their time freely and no director received remuneration during the year. The pay of staff is reviewed annually.

Relationship with the CBSO

Whilst a separate organisation, the Company has a close working relationship with the City of Birmingham Symphony Orchestra ("CBSO"):

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have a risk management strategy which comprises:

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02446126 (England and Wales)

Registered Charity number

1001474

Registered office

CBSO Centre Berkley Street Birmingham West Midlands B1 2LF

Trustees

K W Baird J Chamberlain L Coffey P Collier S D M Eastburn A D Jackson N Jonah A Rahman G J Spruce C Trestler (resigned 16.6.21) B R Winton

Page 7

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Report of the Trustees for the Year Ended 30 June 2021

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Locke Williams Associates LLP Chartered Accountants Registered Auditors c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Birmingham Contemporary Music Group for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Locke Williams Associates LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 16 February 2022 and signed on its behalf by:

A D Jackson - Trustee

Page 8

Report of the Independent Auditors to the Trustees of Birmingham Contemporary Music Group (Registered number: 02446126)

Opinion

We have audited the financial statements of Birmingham Contemporary Music Group (the 'charitable company') for the year ended 30 June 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 9

Report of the Independent Auditors to the Trustees of Birmingham Contemporary Music Group (Registered number: 02446126)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to these risks, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of third parties where appropriate.

Page 10

Report of the Independent Auditors to the Trustees of Birmingham Contemporary Music Group (Registered number: 02446126)

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and checking the authorisation of expenditure as part of our substantive testing, using analytical review to identify any significant or unusual transactions and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Locke Williams Associates LLP Chartered Accountants Registered Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

22 March 2022

Page 11

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 June 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Grants and donations
2
403,677
Charitable activities
5
BCMG Own promotions
9,150
Co-Promotions
23,677
Engagements
1,560
Learn & Take Part
10,338
Sector development
52
Other trading activities
3
6
Investment income
4
15
Other income
5,670
Total
454,145
EXPENDITURE ON
Raising funds
38,143
Charitable activities
6
BCMG Own promotions
181,003
Co-Promotions
110,395
Engagements
8,401
Learn & Take Part
143,183
Sector development
33,171
Core
(106,092)
Marketing
-
Salaries - to be recoded!
-
Total
408,204
NET INCOME/(EXPENDITURE)
45,941
RECONCILIATION OF FUNDS
Total funds brought forward
68,333
TOTAL FUNDS CARRIED FORWARD
114,274		 Restricted
funds
£
91,770
-
-
-
-
-
-
-
-
91,770
-
-
-
-
-
-
106,092
-
-
106,092
(14,322)
14,322
-		 30.6.21
Total
funds
£
495,447
9,150
23,677
1,560
10,338
52
6
15
5,670
545,915
38,143
181,003
110,395
8,401
143,183
33,171
-
-
-
514,296
31,619
82,655
114,274		 30.6.20
Total
funds
£
497,439
4,510
10,615
16,649
7,100
-
8,576
113
38,610
583,612
51,776
248,527
125,206
39,646
94,257
-
-
-
-
559,412
24,200
58,455
82,655

The notes form part of these financial statements

Page 12

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Balance Sheet 30 June 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
21,612
CURRENT ASSETS
Debtors
14
58,203
Cash at bank and in hand
73,689
131,892
CREDITORS
Amounts falling due within one year
15
(39,230)
NET CURRENT ASSETS
92,662
TOTAL ASSETS LESS CURRENT LIABILITIES
114,274
NET ASSETS
114,274
FUNDS
16
Unrestricted funds:
General fund
Restricted funds:
Donor specified
TOTAL FUNDS		 Restricted
funds
£
-
-
142,397
142,397
(142,397)
-
-
-		 30.6.21
Total
funds
£
21,612
58,203
216,086
274,289
(181,627)
92,662
114,274
114,274
114,274
-
114,274		 30.6.20
Total
funds
£
20,601
84,626
159,349
243,975
(181,921)
62,054
82,655
82,655
68,333
14,322
82,655

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The notes form part of these financial statements

Page 13

BIRMINGHAM CONTEMPORARY MUSIC GROUP (Registered number: 02446126)

Balance Sheet - continued 30 June 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 February 2022 and were signed on its behalf by:

............................................. A D Jackson - Trustee

The notes form part of these financial statements

Page 14

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Cash Flow Statement
for the Year Ended 30 June 2021
30.6.21
Notes
£
Cash flows from operating activities
Cash generated from operations
19
65,294
Net cash provided by operating activities
65,294
Cash flows from investing activities
Purchase of tangible fixed assets
(8,572)
Interest received
15
Net cash used in investing activities
(8,557)
Change in cash and cash equivalents in the
reporting period
56,737
Cash and cash equivalents at the beginning
of the reporting period
159,349
Cash and cash equivalents at the end of
the reporting period
216,086		 30.6.20
£
80,274
80,274
(15,101)
113
(14,988)
65,286
94,063
159,349

The notes form part of these financial statements

Page 15

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements for the Year Ended 30 June 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

For grants and donations to be recognised, the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled

Income from charitable activities includes ticket and fee income earned from undertaking performances, engagements, and recordings. Income is received in exchange for supplying goods and services in furtherance of the charitable objectives and is recognised when entitlement has occurred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Costs are shown net of any recoverable VAT.

Allocation and apportionment of costs

Charitable activity costs include those direct costs incurred in the furtherance of the charitable actives and are analysed between the significant activities undertaken.

Support (core) costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity.

Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Payroll costs been allocated to activities on the basis of employees’ involvement in each activity and other overheads, including general marketing and governance costs, have been allocated in proportion to incoming resources by activity.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Page 16

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

1. ACCOUNTING POLICIES - continued

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Other intangible assets (Software) - 33% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost and 20% on cost Office equipment - 33% on cost Musical equipment - 33% on cost

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of financial activities on a straight-line basis over the period of the lease.

2. GRANTS AND DONATIONS

Sponsorship and donations
Legacies
Grants
Sound Investment
Charitable Trusts and foundations
General Donations and Gift Aid		 30.6.21
£
102,051
-
393,396
495,447
6,081
90,774
5,196
102,051		 30.6.20
£
120,609
6,451
370,379
497,439
15,853
91,414
13,342
120,609

Page 17

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

2. GRANTS AND DONATIONS - continued

Grants received, included in the above, are as follows:

Arts Council England, West Midlands
Arts Council England, Cultural Recovery Fund
CBSO
Other grants
3.
OTHER TRADING ACTIVITIES
Sales of CDs, music scores etc
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
BCMG Own promotions & Co-Promotions
Engagements
Learn & Take Part		 30.6.21
£
319,653
56,635
9,063
8,045
393,396
30.6.21
£
6
30.6.21
£
15
30.6.21
£
32,827
1,612
10,338
44,777		 30.6.20
£
325,535
-
11,864
32,980
370,379
30.6.20
£
8,576
30.6.20
£
113
30.6.20
£
15,125
16,649
7,100
38,874

Page 18

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
BCMG Own promotions
Co-Promotions
Engagements
Learn & Take Part
Sector development
Core		 Direct
Costs
£
181,003
110,395
8,401
143,183
33,171
(2,958)
473,195		 Support
costs (see
note 7)
£
-
-
-
-
-
2,958
2,958		 Totals
£
181,003
110,395
8,401
143,183
33,171
-
476,153
Co- Engagements
BCMG Own Promotion and Learn & Sector 2021 2020
Promotions s recordings Take Part Development Total Total
£ £ £ £ £ £
Costs of Performance:
Musicians' and artists fees 32,036 10,224 2,750 14,973 680 60,663 126,091
Concert expenses 31,628 28,596 206 10,785 7,220 78,435 67,461
Project staff - - - 23,927 25,271 49,198 46,741
Commissioning 31 19 1 24 - 75 19,404
Marketing 4,956 3,023 230 3,920 - 12,129 17,853
Other - - - - - - 2,810
68,651 41,862 3,187 53,629 33,171 200,500 280,360
Support and Administration of the Charity (note 7)
Salaries and National Insurance 71,038 43,343 3,298 56,882 - 174,561 139,633
Rent, rates and insurance 13,381 8,161 621 10,585 - 32,748 26,888
General marketing 4,619 2,817 214 3,654 - 11,304 11,176
Telephone, postage and stationery 691 422 32 547 - 1,692 3,254
Other 13,129 8,001 609 10,377 - 32,116 26,255
Depreciation 3,090 1,884 143
 2,444 - 7,561 5,365
105,948 64,628 4,917 84,489 - 259,982 212,571
Governance costs
Salaries and National Insurance 5,195 3,168 241 4,109 - 12,713
 11,761
Audit and accountancy 1,209 737 56 956 - 2,958 2,944
6,404 3,905 297 5,065 - 15,671 14,705
181,003 110,395 8,401 143,183 33,171 476,153 507,636

Page 19

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

7. SUPPORT COSTS

Support (core) costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity.

Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Payroll costs been allocated to activities on the basis of employees’ involvement in each activity and other overheads, including general marketing and governance costs, have been allocated in proportion to incoming resources by activity.

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.6.21 30.6.20
£ £
Auditors' remuneration 2,958 2,945
Depreciation - owned assets 7,561 5,365

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.

Trustees' expenses

No trustees received reimbursement of out-of-pocket expenses for the period ended 30 June 2021 (2020 two received £275).

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management and administration
Project staff		 30.6.21
£
246,464
14,939
11,712
273,115
30.6.21
8
2
10		 30.6.20
£
242,360
13,271
11,580
267,211
30.6.20
7
2
9

No employees received emoluments in excess of £60,000.

The total amount of employee benefits received by key management personnel is £46,127 (2020 £45,645). The Trust considers its key management personnel comprise the board of directors, who are the Trust's trustees and are unpaid, and the senior management team.

Page 20

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Grants and donations
347,714
Charitable activities
BCMG Own promotions
4,510
Co-Promotions
10,615
Engagements
16,649
Learn & Take Part
7,100
Other trading activities
8,576
Investment income
113
Other income
38,610
Total
433,887
EXPENDITURE ON
Raising funds
51,776
Charitable activities
BCMG Own promotions
206,230
Co-Promotions
70,225
Engagements
37,739
Learn & Take Part
58,040
Total
424,010
NET INCOME
9,877
RECONCILIATION OF FUNDS
Total funds brought forward
58,455
TOTAL FUNDS CARRIED FORWARD
68,332		 Restricted
funds
£
149,725
-
-
-
-
-
-
-
149,725
-
42,297
54,981
1,907
36,217
135,402
14,323
-
14,323		 Total
funds
£
497,439
4,510
10,615
16,649
7,100
8,576
113
38,610
583,612
51,776
248,527
125,206
39,646
94,257
559,412
24,200
58,455
82,655

Page 21

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

12. INTANGIBLE FIXED ASSETS

INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 July 2020 and 30 June 2021 6,080
AMORTISATION
At 1 July 2020 and 30 June 2021 6,080
NET BOOK VALUE
At 30 June 2021 -
At 30 June 2020 -

13. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Computer
Office
Musical
equipment
equipment
equipment
£
£
£
COST
At 1 July 2020
75,234
12,578
58,010
Additions
8,572
-
-
At 30 June 2021
83,806
12,578
58,010
DEPRECIATION
At 1 July 2020
55,265
11,946
58,010
Charge for year
7,110
451
-
At 30 June 2021
62,375
12,397
58,010
NET BOOK VALUE
At 30 June 2021
21,431
181
-
At 30 June 2020
19,969
632
-		 Totals
£
145,822
8,572
154,394
125,221
7,561
132,782
21,612
20,601

All assets are used in direct furtherance of the Charity's objects.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
VAT
Prepayments and accrued income		 30.6.21
£
6,891
9,724
41,588
58,203		 30.6.20
£
6,591
7,661
70,374
84,626

See note 15 for details of accrued income.

Page 22

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Accruals and deferred income		 30.6.21
£
31,282
4,057
146,288
181,627		 30.6.20
£
14,979
4,702
162,240
181,921

Deferred income comprises grants and awards received for core funding purposes and for future performance & learning projects. Income deferred in the current year is as follows.

Brought forward
Carried forward
Received in the year
Incoming resources recognised for the year
16.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Donor specified
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Donor specified
TOTAL FUNDS		 Accrued
(51,237)
10,231
(41,006)
At 1.7.20
£
68,333
14,322
82,655
Incoming
resources
£
454,145
91,770
545,915		 Deferred
£
93,105
(142,397)
(49,292)
(90,298)
636,213
545,915
Net
movement
At
in funds
30.6.21
£
£
45,941
114,274
(14,322)
-
31,619
114,274
Resources
Movement
expended
in funds
£
£
(408,204)
45,941
(106,092)
(14,322)
(514,296)
31,619



Page 23

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued

for the Year Ended 30 June 2021

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Donor specified
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Donor specified
TOTAL FUNDS
17.
RELATED PARTY DISCLOSURES		 At 1.7.19
£
58,455
-
58,455
follows:
Incoming
resources
£
433,887
149,725
583,612		 Net
movement
At
in funds
30.6.20
£
£
9,878
68,333
14,322
14,322
24,200
82,655
Resources
Movement
expended
in funds
£
£
(424,009)
9,878
(135,403)
14,322
(559,412)
24,200

There were no related party transactions for the year ended 30 June 2021.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be the Board of Directors.

19.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
30.6.21
£
Net income for the reporting period (as per the Statement of Financial
Activities)
31,619
Adjustments for:
Depreciation charges
7,561
Interest received
(15)
Decrease in debtors
26,423
(Decrease)/increase in creditors
(294)
Net cash provided by operations
65,294		 30.6.20
£
24,200
5,365
(113)
21,493
29,329
80,274

Page 24

BIRMINGHAM CONTEMPORARY MUSIC GROUP

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

20.. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.7.20
Cash flow
At 30.6.21
£
£
£
159,349
56,737
216,086
159,349
56,737
216,086
159,349
56,737
216,086		 At 1.7.20
Cash flow
At 30.6.21
£
£
£
159,349
56,737
216,086
159,349
56,737
216,086
159,349
56,737
216,086
216,086
216,086

21. MEMBERS' GUARANTEES

The number and amounts of guarantees given by the members at 30 June 2021 were as follows:

Guarantees not exceeding £1 each Number
11		 Total
Maximum£
11

Page 25