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 2022
for
Bodywork Company Performing Arts Cambridge
Bodywork Company Performing Arts Cambridge
Contents of the Financial Statements for the Year Ended 31st August 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 10 |
Bodywork Company Performing Arts Cambridge
Report of the Trustees for the Year Ended 31st August 2022
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 2022. 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 full time and 2 part time students on courses with Bodyworks Company Dance Studio Partnership, the cost of this was 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.
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 (resigned 4.11.21) Ms A B Pearce (resigned 16.5.22) Ms L Kerr (appointed 4.6.23) Ms T Charles (appointed 4.6.23) L Davies (appointed 4.6.23)
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................
Bod ork Com Cambrid an Perfomiin rt of the Trustees for the Year Ended 1 st August 2022 Ms C Bond- Trustee
Bodywork Company Performing Arts Cambridge
| Statement of Financial Activities for the Year Ended 31st August 2022 Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 EXPENDITURE ON Other NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.22 Unrestricted fund 9,259 76,909 (67,650) 68,770 1,120 |
31.8.21 Total funds 127,809 67,613 60,196 8,574 68,770 |
|---|---|---|
Bodywork Company Performing Arts Cambridge
Balance Sheet
31st August 2022
| 31.8.22 Unrestricted fund Notes CURRENT ASSETS Debtors 5 - Cash at bank 2,364 2,364 CREDITORS Amounts falling due within one year 6 (1,244) NET CURRENT ASSETS 1,120 TOTAL ASSETS LESS CURRENT LIABILITIES 1,120 NET ASSETS 1,120 FUNDS 7 Unrestricted funds 1,120 TOTAL FUNDS 1,120 |
31.8.21 Total funds 42,303 29,347 71,650 (2,880) 68,770 68,770 68,770 68,770 68,770 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 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.
Bodywork Company Performing Arts Cambridge
Balance Sheet - continued 31st August 2022
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 ............................................. and were signed on its behalf by:
............................................. C Bond - Trustee
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements for the Year Ended 31st August 2022
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.
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2022
2. OTHER TRADING ACTIVITIES
----- Start of picture text -----
||||
|---|---|---|
|31.8.22|31.8.21|
|Outreach income|9,259|127,809|
----- End of picture text -----
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2022 nor for the year ended 31st August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2022 nor for the year ended 31st August 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
|||
|---|---|
|Unrestricted|
|fund|
|INCOME AND ENDOWMENTS FROM|
|Other trading activities|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|
----- End of picture text -----
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2022
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||
| Trade debtors | - | 19,303 | ||
| Prepayments | - | 23,000 | ||
| - | 42,303 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Other creditors | 31.8.22 1,244 |
31.8.21 - |
||
| Accruals and deferred income | - | 2,880 | ||
| 1,244 | 2,880 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.9.21 | Net movement in funds |
At 31.8.22 |
|
| General fund | 68,770 | (67,650) | 1,120 | |
| TOTAL FUNDS | 68,770 | (67,650) | 1,120 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources |
Resources expended |
Movement in funds |
|
| General fund | 9,259 | (76,909) | (67,650) | |
| TOTAL FUNDS | 9,259 | (76,909) | (67,650) |
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2022
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.20 in funds 8,574 60,196 8,574 60,196 |
At 31.8.21 68,770 68,770 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources 127,809 127,809 |
Resources expended (67,613) (67,613) |
Movement in funds 60,196 60,196 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.20 in funds 8,574 (7,454) 8,574 (7,454) |
At 31.8.22 1,120 1,120 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources Movement resources expended in funds |
|---|---|
| General fund | 137,068 (144,522) (7,454) |
| TOTAL FUNDS | 137,068 (144,522) (7,454) |
Bodywork Company Performing Arts Cambridge
Notes to the Financial Statements - continued for the Year Ended 31st August 2022
8. RELATED PARTY DISCLOSURES
During the year there was a charge from Bodywork Company Dance Studio Partnership, a related party, for the year to 31.07.2022 of (2021 regarding Staff cost and Establishment and Overheads costs.to which of the above was funding for 7 indivduals to attend Diploma courses commencing Sepember 2021.
9. LIMITED BY GUARANTEE
The company has no issue shares, the liability of whose members is limited by guarantee.