BIRMINGHAM JAZZ
FINANCIAL STATEMENTS
31ST MARCH 202 4
REGISTERED NUMBER 2550471 Limited by Guarantee
Registed Charity Number: 1040567
BIRMINGHAM JAZZ
FINANCIAL STATEMENTS for the year ended 31 March 202 4
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 2024
INCORPORATED England NUMBER 2550471 DIRECTORS P J Rose S R Rose E Gibbs CT Brain P Hinde J Mckeon aa 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 2024
Principal Activity
The Principal Activity of the company in the period under review was that of promotion and development of the appreciation of music. This is achieved by the organisation of concerts, tours, festivals, recordings 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 2023.
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:
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select accounting policies and apply them consistently
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make reasonable and prudent judgments and estimates
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prepare financial statements on the ongoing concern; unless inappropriate to presume that the company will continue in business
We are also responsible for:
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keeping proper accounting records
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safeguarding the company's assets
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taking reasonable steps for the prevention and detection of fraud
On behalf of the Board
2 9th August 2024
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C T Brain Chairman 2
BIRMINGHAM JAZZ
PROFIT AND LOSS ACCOUNT
for the year ended 31 March 2024
| 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 |
2024 2023 £ £ 40320 41,086 3,711 4,173 39,555 38,165 (2,946) (1,252) 0 0 (2,946) (1,252) 0 0 (2,946) (1,252) 0 0 (2,946) (1,252) |
|---|---|
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 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||
| Assets | ||||||
| Fixed assets | 0 | 0 | ||||
| Current assets | ||||||
| Debtors | 0 | 0 | ||||
| Cash In Hand | 0 | 0 | ||||
| Cash at Bank | 9,173 | 20,624 | ||||
| 9,173 | 20,624 | |||||
| Liabilities | ||||||
| Bank Overdraft | ||||||
| Creditors: amounts falling due | 8,505 | |||||
| within one year | ||||||
| 0 | 8,505 | |||||
| Net current assets/(liabilities) | 9,173 | 12,119 | ||||
| Total Assets Less Current Liabilites | 9,173 | 12,119 | ||||
| Capital and reserves | ||||||
| Reserves Brought Forward | 12,119 | 13,371 | ||||
| Profit/(loss) for the period | (2,946) | (2,946) | (1,252) | |||
| Total funds | 9,173 | 12,119 |
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 0 3 Director
R Oakden Aoi Treasurer
4
BIRMINGHAM JAZZ
NOTES ON FINANCIAL STATEMENTS 31st March 2024
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 |
2024 £ 0 0 0 0 0 0 0 0 |
2023 £ 0 |
|---|---|---|
| 0 | ||
| 0 | ||
| 0 | ||
| 0 8,505 |
||
| 8,505 |
5 Capital commitments
There were no capital commitments at 31 March 2023
6 Contingent liabilities
There were no contingent liabilities at 31 March 2023.
7 Controlling parties
The directors control the company.
5
BIRMINGHAM JAZZ
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2024
| 2024 £ £ INCOME AND EXPENDITURE Incoming Resources Concert Takings 21364 Grants Received - Birmingham City Council Grants Received - Others Donations 2005 Bank Interest Received Membership 1520 Other Income 6926 Total Incoming Resources 40320 Resources Expended Direct Charitable Expenditure: Concert fees and expenses 1388 Band fees 39555 Band refreshments 0 Education Projects 0 40943 Fund-raising and Publicity: Advertising and promotion 1200 Postage 1200 Management and Administration of the charity: Administration fees 0 Rent and rates 0 Heating & Lighting 0 Insurance 349 Bank Charges Bank Interest 0 Audit and Accountancy Charges 0 Sundry Expenses 774 Assets Written Off 0 1123 Total Resources Expended 43266 Net incoming resources for the year (2946) Other recognised gains and losses NET MOVEMENT IN UNRESTRICTED FUNDS (2946) UNRESTRICTED FUNDS BROUGHT FORWARD 12119 UNRESTRICTED FUNDS CARRIED FORWARD 9173 8050 |
2023 | |
|---|---|---|
| £ £ 18560 11450 2095 1575 7406 41086 803 38165 0 0 38968 1340 0 1340 0 0 0 349 0 0 1681 2030 42338 -1252 - -1252 13371 12119 |
£ 18560 11450 2095 1575 7406 |
|
| -1252 - |
||
| -1252 13371 |
||
| 12119 |
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BIRMINGHAM JAZZ
DIRECTORS REPORT & STATEMENT OF RESPONSIBILITIES
31ST MARCH 2024
We have audited the financial statements of Birmingham Jazz for the year ended 31st March 2023 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:
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give a true and fair view of the state of the Charity’s affairs as at 31st March 2024,
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aa hel and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Auditor
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