Company registration number: 03895815 Charity registration number: 1083232
Jazz Umbrella (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023
Jazz Umbrella
Reference and Administrative Details
| Charity name: | Jazz Umbrella |
|---|---|
| Charity registration number: | 1083232 |
| Company registration number: | 03895815 |
| Principal Office: | International House |
| 12 Constance Street | |
| London | |
| E16 2DQ | |
| Trustees: | Simon Fernsby |
| Russell Occomore | |
| Jonathan Phillips | |
| Secretary: | Mary Devlin |
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Jazz Umbrella
Trustee's Report
The Trustees present their report, along with the financial statements, of Jazz Umbrella for the year ended 31st March 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 6 and 7.
Jazz Umbrella is a charitable company limited by guarantee. It is a registered charity, number 1083232.
The company as established under a Memorandum of Association which established objects and powers of the charitable company and is governed under its Articles of Assocation.
Review of Activities
The company continued to operate as an adult education service. The company is a charity and exists to assist in the development of music and musical knowledge.
Funding
Funding is derived from grants made by various organisations and from receipts and concerts, workshops and similar activities as well as membership fees.
Trustees
Russell Occomore
Simon Fernsby Jonathan Phillips
None of the trustees has any benefical interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Review of financial position
The trustees are satisified with the state of the company's activities for the year under review.
On behalf of the Board of Trustees
27th November 2023
…………………………………………………………………… …………………………………………… Russell Occomore, Trustee Date
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Jazz Umbrella
Independent Examiners Report
I report on the accounts of Jazz Umbrella for the year ended 31 March 2023, which are set out on pages 4 to 7.
Respective responsibilities of Trustees and examiner
The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the acconts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the
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commission under section 145(5)(b) of the 2011 Act
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to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Chariy Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eidence that would be required in an audit and given as to whether the accounts present a 'true and fair view' and the report is limited to consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name: Paul O'Brien (ICPA) - Dragonfly (Accounting & Financial Management) Ltd Address: 52 High Street, Cottenham, Cambridgeshire, CB24 8SA
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Jazz Umbrella
Statement of Financial Activities for the year ended 31 March 2023
| Incoming resources: Grants received Income from activities Total Incoming resources Resources expended Costs of Generating Funds Musicians and composers fees Event supplies Volunteer Costs Expenditure Venue and equipment Venue manager and staff costs Refuse costs Office expenses Repairs and maintenance Accountancy fees Travel Sundry expenses Depreciation Total Expenditure Net Income/(Expenditure) for the year Transfer Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ - 154,446 154,446 28,415 49,409 467 78,291 3,967 42,156 1,725 20,753 670 809 8,278 1,527 2,299 82,184 160,475 (6,029) - 11,789 5,760 |
Restricted Funds £ 7,575 - 7,575 - - - - - 7,575 - - - - - - - 7,575 7,575 - - 22,573 22,573 |
Total 2023 £ 7,575 154,446 162,021 28,415 49,409 467 78,291 3,967 49,731 1,725 20,753 670 809 8,278 1,527 2,299 89,759 168,050 (6,029) - 34,362 28,333 |
Total 2022 £ 50,851 82,129 132,980 20,214 25,286 494 45,994 27,906 26,287 792 7,123 1,487 780 7,797 4,307 3,065 79,543 125,537 7,443 - 26,919 34,362 |
|---|---|---|---|---|
The notes on page 7 to 10 form part of these financial statements
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Jazz Umbrella
Balance Sheet for the year ended 31 March 2023
| FIXED ASSETS Equipment CURRENT ASSETS Cash at bank and in hand Other Debtors CREDITORS:amounts falling due within one year NET CURRENT ASSETS NET ASSETS FUNDS Restricted funds Unrestricted funds TOTAL FUNDS |
2023 £ 6,897 35,714 - 35,714 (14,278) 21,436 28,333 22,573 5,760 28,333 |
2022 £ 9,196 43,917 - 43,917 (18,751) 25,166 34,362 22,573 11,789 34,362 |
|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
………………………………………………………………………………… Russell Occomore Trustee
Date …………………………………………….. 27th November 2023
The notes on page 6 to 7 form part of these financial statements
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Jazz Umbrella
Notes to the financial statements for the year ended 31 March 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with 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 (FRS102)(effective 1 January 2015) – (Charities SORP (FRS102)) Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and to the Companies Act 2006.
Fund accounting policy
Unrestricted income funds are general funds that are available fior use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Fixed assets
Individual fixed assets costing £0 or more are initially recorded at costs.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, les any estimated residual value, over their expected useful economic life as follows:
Equipment 25% reducing balance
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Jazz Umbrella
Notes to the financial statements for the year ended 31 March 2023
2. Trustees' remuneration and expenses
No trustees received any remuneration during the year.
3. Net income / (expenditure)
Net income / (expenditure) is stated after charging:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 2,299 | 3,065 |
| 2023 2022 £ £ Depreciation of tangible fixed assets 2,299 3,065 |
2023 2022 £ £ Depreciation of tangible fixed assets 2,299 3,065 |
2023 2022 £ £ Depreciation of tangible fixed assets 2,299 3,065 |
|---|---|---|
| Taxation The company is a registered charity and is, therefore, exempt from taxation. Other debtors Deferred Income Other creditors Accruals Debtors Creditors: Amounts falling due within one year |
2023 £ - 2023 £ - 13,919 360 14,279 |
2022 £ - 2022 £ - 18,391 360 18,751 |
4. Taxation
5. Debtors
6. Creditors: Amounts falling due within one year
7. Members' liability
The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
8. Related parties
The charity is controlled by the trustees who are all directors of the company.
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