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2022-03-31-accounts

BIRMINGHAM JAZZ

FINANCIAL STATEMENTS

31ST MARCH 2022

REGISTERED NUMBER 2550471 Limited by Guarantee

Registed Charity Number: 1040567

BIRMINGHAM JAZZ

FINANCIAL STATEMENTS for the year ended 31 March 2022

CONTENTS

Page
Company Information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Notes on financial statements 5
Schedule of payments 6
Auditor's Report 7

BIRMINGHAM JAZZ

COMPANY INFORMATION

31ST MARCH 2022

INCORPORATED England
NUMBER 2550471
DIRECTORS P J Rose
RP Oakden
S R Rose
E Gibbs
CT Brain
P McAllister
J Freeman
P Hinde
SECRETARY P J Rose
REGISTERED OFFICE 4 Warwick Grange
Birmingham
B91 1DD
BANKERS The Co-operative Bank
Kings Valley
Yew Street
Stockport
Cheshire
SK4 2JU

1

BIRMINGHAM JAZZ

DIRECTORS REPORT & STATEMENT OF RESPONSIBILITIES

31ST MARCH 2022

The Directors present their report and the financial statements for the year ended 31 March 2022.

Principal Activity

The Principal Activity of the company in the period under review was that of promotion and developmen of the appreciation of music. This is achieved by the organisation of concerts, tours, festivals, recording and broadcasting together with the commissioning of compositions of new work. The company was registered as a charity on 5 September 1994 (number 1040567).

Legal structure of the company

The company is limited by guarantee and therefore does not have share capital. The liability of members is limited and the details of their guarantees are given as note 1.

Review of the financial position

The Directors are satisfied with the performance of the business and is looking to consolidate its trading results in the forthcoming year.

Audit

As described in the balance sheet, the company's directors are responsible for the preparation of the accounts. They consider that the company is exempt from audit. Accordingly, no audit has been carried out in accordance with Auditing Standards or procedures as set out in the Statement for Auditors.

The Directors consider that the accounts give a true and fair view of the company at 31 March 2022.

Statement of Directors Responsibilities

We are required under company law to prepare financial statements for each financial year which give a true and fair view of the state of the company and the profit or loss for the year. In preparing those financial statements we are required to:

We are also responsible for:

On behalf of the Board

21st September 2022

……………………………………….

C T Brain Chairman

……………………..

Date

2

BIRMINGHAM JAZZ

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2022

INCOME AND EXPENDITURE
Incoming Resources
Concert Takings
Grants Received - Birmingham City Council
Grants Received - Others
Donations
Bank Interest Received
Membership
Other Income
Total Incoming Resources
Resources Expended
Direct Charitable Expenditure:
Concert fees and expenses
Band fees
Band refreshments
Education Projects
Fund-raising and Publicity:
Advertising and promotion
Postage
Management and Administration of the charity:
Administration fees
Rent and rates
Heating & Lighting
Insurance
Bank Charges
Bank Interest
Audit and Accountancy Charges
Sundry Expenses
Assets Written Off
Total Resources Expended
Net incoming resources for the year
Other recognised gains and losses
NET MOVEMENT IN UNRESTRICTED FUNDS
UNRESTRICTED FUNDS BROUGHT FORWARD
UNRESTRICTED FUNDS CARRIED FORWARD		 2022 £
9171
25495
2065
610
5110
42451
42084
367
-
367
13004
13371		 2021
£
932
35260
0
0		 £
1000
3200
0
0		 £
319
25
190
3606
4140
4400
36192 4200
3860 150
0
3860 150
0
0
0
649
0
0
1383
0		 0
0
0
0
0
0
50
2032 50
-260
-
-260
13264
13004

6

BIRMINGHAM JAZZ

PROFIT AND LOSS ACCOUNT

for the year ended 31 March 2022

Note
Turnover
Administrative expenses
Cost of Sales
Operating (loss)/profit
Interest receivable and similar income
Interest payable and similar charges
Profit/(Loss) on ordinary activities before tax
Taxation
Profit/(Loss) after tax		 2022
£
42,451
6,824
35,260
367
0
367
0
367
0
367		 2021
£
4,140
1,200
3,200
(260)
0
(260)
0
(260)
0
(260)

None of the company's activities were acquired or discontinued during the above financial year.

There are no recognised gains or losses in the year other than the profit/(loss) for the year.

3

BIRMINGHAM JAZZ

BALANCE SHEET as at 31 March 2022

Note
Assets
Fixed assets
Current assets
Debtors
Cash In Hand
Cash at Bank
Liabilities
Bank Overdraft
Creditors:
amounts falling due
within one year
Net current assets/(liabilities)
Total Assets Less Current Liabilites
Capital and reserves
Reserves Brought Forward
Profit/(loss) for the period
Total funds		 2022
£
10,305		 £
0
0
0
23,676
23,676
10,305
13,371
13,371
13,004
367
13,371		 2021
£
9,450
13,495		 £
0
0
0
35,949
35,949
22,945
13,004
13,004
13,264
(260)
13,004

For the year ended 31/03/2017 the company was entitled to exemption under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The accounts have been prepared in accordance with provisions applicable to companies subject to small companies regime and were approved by the board on.

P J Rose Director

R Oakden Treasurer

4

31 March 2022

BIRMINGHAM JAZZ

NOTES ON FINANCIAL STATEMENTS

1 Liability of members

The company is a company limited by guarantee. It does not have share capital and the liability of each member is limited to the guarantee given by that member, which is £1.

2 Accounting policies Basis of accounting

The financial statements have been prepared under historical cost accounting rules and incorporate the results of the principal activity which is described in the directors' report and that is continuing.

The company has taken advantage of the exemption from preparing a cash flow statement conferred by the Financial Reporting Standards No 1 on the grounds that it is entitled to the exemption available in sections 246 to 247 of the Companies Act 1985 for small companies.

Turnover

Revenue grants are received in order to fund the company's public services and adult education. Grants received from Local and Central Government. These grants are included in the financial statements on the basis of matching against specific expenditure covered by these grants.

3
Taxation
The charge on the profit of ordinary activities:
Corporation Tax at 0% (2012 0%) based on the
adjusted results for the year
4
Debtors
Total Debtors
Creditors: Amounts falling due within one year
HL Tour
Arts Council England
Publicity		 2022
£
0
0
0
0
0
0
0
10,305
10,305		 2021
£
0
0
0
0
0
22,945
22,945

5 Capital commitments

There were no capital commitments at 31 March 2022

6 Contingent liabilities

There were no contingent liabilities at 31 March 2022.

7 Controlling parties

The directors control the company.

5

BIRMINGHAM JAZZ

DIRECTORS REPORT & STATEMENT OF RESPONSIBILITIES

31ST MARCH 2022

We have audited the financial statements of Birmingham Jazz for the year ended 31st March 2021 which comprise the Statement of Financial Activities, Balance Sheet, and related notes. The financial reporting framework that has been applied in their preparation is applicable law and Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).

This report is made solely to the Charity’s Trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’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 Charity’s Trustees as a body for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of trustees and auditor

The Trustees are responsible for the preparation of financial statements which give a true and fair view.

We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.

Scope of the audit of the financial statements

A description of the scope of an audit of financial statements is provided on the Financial Reporting Council's website at www.frc.org.uk/auditscopeukprivate.

Opinion on financial statements

In our opinion the financial statements:

Auditor

7