## **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: - select accounting policies and apply them consistently - make reasonable and prudent judgments and estimates - prepare financial statements on the ongoing concern; unless inappropriate to presume that the company will continue in business We are also responsible for: - keeping proper accounting records - safeguarding the company's assets - taking reasonable steps for the prevention and detection of fraud On behalf of the Board 2 9th August 2024 ………………………………………. …………………….. **==> picture [20 x 8] intentionally omitted <==** **----- Start of picture text -----**
Date
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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| 6 ## **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: - give a true and fair view of the state of the Charity’s affairs as at 31st March 2024, - aa hel and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and - have been prepared in accordance with the requirements of the Charities Act 2011. Auditor 7