REGISTERED COMPANY NUMBER: 03051351 (England and Wales) REGISTERED CHARITY NUMBER: 1047598
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st August 2021
for
Bodywork Company Performing Arts Cambridge
Lincoln Brown (Accountants) Limited Chartered Certified Accountant Grenville House 4 Grenville Avenue Broxbourne Hertfordshire EN10 7DH
Bodywork Company Performing Arts Cambridge
Contents of the Financial Statements for the Year Ended 31st August 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 12 |
Bodywork Company Performing Arts Cambridge
Report of the Trustees for the Year Ended 31st August 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 31st August 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 Aims.
To promote, maintain and advance education and voluntary training particularly for the arts and students of the arts.
Grantmaking
The Charity during the Financial year agree to cover 5 students on courses for 2020/21 with Bodyworks Company Dance Studio Partnership, the cost of this was £43,404 and done as a payment to the Partnership to cover Staff and Overheads regarding the students for the year - as in note 9 Related Parties Disclosures.
The Charity has also for 2021/22 committed a grant to cover 5 full time & 2 part time students amounting to £56,250 and direct cost of £14,750
BTEC grants for 2021/22 has cease and it is therefore expected that Grants making will be servely reduce..
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03051351 (England and Wales)
Registered Charity number
1047598
Registered office
25-29 Glisson Road Cambridge Cambridgeshire CB1 2HA
Trustees
Ms C Bond Ms C M Klimaszewska Ms A B Pearce Ms F Medlock (resigned 2.9.20)
Page 1
Bodywork Company Performing Arts Cambridge
Report of the Trustees for the Year Ended 31st August 2021
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Ms A B Pearce
Independent Examiner
Lincoln Brown (Accountants) Limited Chartered Certified Accountant Grenville House 4 Grenville Avenue Broxbourne Hertfordshire EN10 7DH Approved by order of the board of trustees on 8th May 2022 and signed on its behalf by:
Ms C Bond - Trustee
Page 2
Independent Examiner's Report to the Trustees of Bodywork Company Performing Arts Cambridge
Independent examiner's report to the trustees of Bodywork Company Performing Arts Cambridge ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Page 3
Independent Examiner's Report to the Trustees of Bodywork Company Performing Arts Cambridge
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gregory Brown Chartered Certified Accountants Lincoln Brown (Accountants) Limited Chartered Certified Accountant Grenville House 4 Grenville Avenue Broxbourne Hertfordshire EN10 7DH
8th May 2022
Page 4
Bodywork Company Performing Arts Cambridge
Statement of Financial Activities
for the Year Ended 31st August 2021
| 31.8.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 127,809 Investment income 3 - Total 127,809 EXPENDITURE ON Other 67,613 NET INCOME 60,196 RECONCILIATION OF FUNDS Total funds brought forward 8,574 TOTAL FUNDS CARRIED FORWARD 68,770 |
31.8.20 Total funds £ 104,017 1 |
|---|---|
| 104,018 101,252 |
|
| 2,766 5,808 |
|
| 8,574 |
The notes form part of these financial statements
Page 5
Bodywork Company Performing Arts Cambridge
Balance Sheet
31st August 2021
| 31.8.21 Unrestricted fund Notes £ CURRENT ASSETS Debtors 6 42,303 Cash at bank 29,347 71,650 CREDITORS Amounts falling due within one year 7 (2,880) NET CURRENT ASSETS 68,770 TOTAL ASSETS LESS CURRENT LIABILITIES 68,770 NET ASSETS/(LIABILITIES) 68,770 FUNDS 8 Unrestricted funds 68,770 TOTAL FUNDS 68,770 |
31.8.20 Total funds £ 98,467 40,024 138,491 (129,917) 8,574 8,574 8,574 8,574 8,574 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.
The notes form part of these financial statements
Page 6
continued...
Bodywork Company Performing Arts Cambridge
Balance Sheet - continued 31st August 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 8th May 2022 and were signed on its behalf by:
C Bond - Trustee
A B Pearce - Trustee
The notes form part of these financial statements
Page 7
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements for the Year Ended 31st August 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.
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.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
Page 8
continued...
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued
for the Year Ended 31st August 2021
| 2. OTHER TRADING ACTIVITIES Outreach income 3. INVESTMENT INCOME Deposit account interest |
31.8.21 £ 127,809 31.8.21 £ - |
31.8.20 £ 104,017 |
|---|---|---|
| 31.8.20 £ 1 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2021 nor for the year ended 31st August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2021 nor for the year ended 31st August 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Other trading activities | 104,017 |
| Investment income | 1 |
| Total | 104,018 |
| EXPENDITURE ON | |
| Other | 101,252 |
| NET INCOME | 2,766 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 5,808 |
| TOTAL FUNDS CARRIED FORWARD | 8,574 |
Page 9
continued...
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2021
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income 8. MOVEMENT IN FUNDS At 1.9.20 £ Unrestricted funds General fund 8,574 TOTAL FUNDS 8,574 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 127,809 TOTAL FUNDS 127,809 |
|
|---|---|
Page 10
continued...
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.9.19 in funds £ £ Unrestricted funds General fund 5,808 2,766 TOTAL FUNDS 5,808 2,766 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 104,018 (101,252) TOTAL FUNDS 104,018 (101,252) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.9.19 in funds £ £ Unrestricted funds General fund 5,808 62,962 TOTAL FUNDS 5,808 62,962 |
At 31.8.20 £ 8,574 8,574 Movement in funds £ 2,766 2,766 At 31.8.21 £ 68,770 68,770 |
|---|---|
Page 11
continued...
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 231,827 231,827 |
Resources expended £ (168,865) (168,865) |
Movement in funds £ 62,962 62,962 |
|---|---|---|---|
9. RELATED PARTY DISCLOSURES
During the year there was a charge from Bodywork Company Dance Studio Partnership, a related party, for the year to 31.07.2021 of £43,404 (2020 £68,500) regarding Staff and Establishment and Overheads costs.
Review Grantmaking note in report of Trustees.
10. LIMITED BY GUARANTEE
The company has no issue shares, the liability of whose members is limited by guarantee.
Page 12