‘ ’ Friends of Bournville Carillon
Email: treasurer@bournvillecarillon.co.uk
Registered Address: The Coach House 140 Linden Road Bournville Birmingham B30 1LB
1[st] March 2024
To whom it may concern,
RE: Statement of Financial Activities for the year ended 2023, Friends of Bournville Carillon Ltd
The 'Friends of Bournville Carillon' (FoBC) is a registered charity that exists to promote the Bournville Carillon and the heritage of Bournville and its founder George Cadbury. We operate tours of the Carillon and a Visitor Centre, where it also acts as a charity shop where local crafters can display and sell their unique creations to the public.
The charity’s main source of income is sales from the charity shop and the operation of tours to the Carillon; however, we also rely on memberships and generous donations from members and friends of the charity.
The aim of this Statement of Financial Activities is to provide transparency to the activities of the Friends of Bournville Carillon and provide additional clarity to the charity’s Annual Accounts (Balance Sheet and Profit & Loss Account).
2023 has been FoBC’s most successful year in terms of income generation with a total annual Turnover of £42,854.06.
This figure includes £38,235.32 in sales, £702 in Carillon tours, £635 in membership fees, £204 in revenue from concerts, £2,253.78 in donations (including Gift Aid), £612.50 in revenue from room hire at our headquarters, £173.16 in bank interest, and £38.30 in other income.
However, our total Net Operating Profit for the year has been (£24,802.80), due to a substantial exceptional cost of replacing the Bournville Carillon’s clavier, amounting to £30,812.40.
Our total Cost of Sales was £25,331.73 and our total Administrative Costs were £11,512.73, bringing our total Expenses (excluding Exceptional Items) to £36,844.46.
Due to the nature of the charity, our Cost of Sales is unusually high as most of the goods sold at our Visitor Centre are on consignment and 80% of their sale revenue goes back to the local community and the artists/crafters that create them. During 2023, we paid a total of £20,463.72 to all our artists and crafters!
Most of our Administrative Costs relate to payments towards the Coach House, our charity headquarters, registered office, and archive facility. These costs amount to a total of £5,451.93 for 2023. During the same period, the Coach House generated a total income of £612.50 (included in the annual turnover figure above), bringing the total net cost of the Coach House to £4,839.43.
Another substantial Administrative Cost has been our subscriptions that amount to a total of £1,292.74, the purchase of a new modern Point-of-Sale (POS) system for £490.19 and the installation of a new security system for £358.80. It is also worth mentioning a one-off lighting design consulting fee for £500, which was covered by Mrs Jayne Cadbury’s generous donation (included in the annual turnover figure above).
The remaining £3,419.07 of our Administrative Costs consists of payments to visiting carillonneur, general consumables and expenses, bank and accounting fees, repairs and maintenance, insurance and more.
Page 1 of 2
The Friends of Bournville Carillon Ltd is a charity (charity no. 1084093) registered in England and Wales and a public company limited by guarantee registered in England and Wales (company no. 04014006).
‘ ’ Friends of Bournville Carillon
Email: treasurer@bournvillecarillon.co.uk
It is worth noting that a lot of these pre-mentioned Administrative Costs are either one-off expenses for 2023 or expenses that won’t be continuing in 2024, after an internal restructure of the charity, its financial operations and accounts, as well as its trustees.
Finally, due to the adoption of a new accounting software in 2023 and the different format of our new annual accounts, we will not be able to provide comparative figures for the 2022 financial year.
Yours faithfully,
Nikolaos Folidis
Director of Finance & Treasurer to the Board Friends of Bournville Carillon
Page 2 of 2
The Friends of Bournville Carillon Ltd is a charity (charity no. 1084093) registered in England and Wales and a public company limited by guarantee registered in England and Wales (company no. 04014006).
Balance Sheet
Friends of Bournville Carillon
As at 31 December 2023
| Balance Sheet Friends of Bournville Carillon As at 31 December 2023 |
Balance Sheet Friends of Bournville Carillon As at 31 December 2023 |
|---|---|
| 31 DEC 2023 | |
| Current Assets | |
| Cash at bank and in hand | |
| Virgin Money Business 33,921.92 |
|
| FoBC Spending Account 351.17 |
|
| POS Cash 80.26 |
|
| Petty Cash 93.09 |
|
| Total Cash at bank and in hand 34,446.44 |
|
| Accounts Receivable 177.50 |
|
| Inventory 2,735.93 |
|
| Total Current Assets 37,359.87 Creditors: amounts falling due withinone year |
|
| Accounts Payable 616.48 |
|
| Total Creditors: amounts falling due within one year 616.48 |
|
| Net Current Assets (Liabilities) 36,743.39 |
|
| Total Assets less Current Liabilities 36,743.39 |
|
| Net Assets 36,743.39 Capital and Reserves |
|
| Current Year Earnings (24,802.80) |
|
| Retained Earnings 61,546.19 |
|
| Total Capital and Reserves 36,743.39 |
Balance Sheet Friends of Bournville Carillon
27 Feb 2024 Page 1 of 1
Profit and Loss Account
Friends of Bournville Carillon
For the year ended 31 December 2023
| Profit and Loss Account Friends of Bournville Carillon For the year ended 31 December 2023 |
|
|---|---|
| 2023 | |
| Turnover | |
| Sales | 13,827.38 |
| Consignment Sales | 24,407.94 |
| Carillon Tours | 702.00 |
| Concerts | 204.00 |
| Lessons & Practice | 612.50 |
| Memberships | 635.00 |
| Donations (FoBC) | 1,024.30 |
| Gift Aid | 1,229.48 |
| Cashback | 2.03 |
| Interest Income | 173.16 |
| Other Revenue | 36.27 |
| Total Turnover | 42,854.06 |
| Cost of Sales | |
| Cost of Goods Sold | 2,932.90 |
| Cost of Goods Sold on Consignment | 20,463.72 |
| Direct Expenses | 1,457.86 |
| Card Processing Fees | 477.25 |
| Total Cost of Sales | 25,331.73 |
| Gross Profit | 17,522.33 |
| Administrative Costs | |
| Accounting Fees | 157.76 |
| Bank Fees | 77.25 |
| Broadband (Rest House) | 167.11 |
| Broadband (Coach House) | 335.11 |
| Consulting Fees | 500.00 |
| Electricity | 641.27 |
| Gardening | 20.00 |
| General Consumables | 144.96 |
| General Expenses | 453.96 |
| Insurance (Rest House) | 597.62 |
| Insurance (Coach House) | 588.15 |
| IT Equipment | 490.19 |
| Music Royalties | 34.15 |
| Other Losses | 8.06 |
| Phone | 94.45 |
| Postage & Courier Costs | 10.34 |
| Printing Consumables | 430.67 |
| Rent | 3,800.40 |
| Repairs & Maintenance (Rest House) | 341.19 |
Profit and Loss Account Friends of Bournville Carillon
29 Feb 2024 Page 1 of 2
Profit and Loss Account
| 2023 | |
|---|---|
| Repairs & Maintenance (Coach House) | 67.00 |
| Room Hire | 32.00 |
| Security | 552.34 |
| Stationery | 194.11 |
| Statutory Fees | 48.00 |
| Subscriptions | 1,292.74 |
| Travel - National | 83.90 |
| Visiting Carillonneur Fees | 350.00 |
| Total Administrative Costs | 11,512.73 |
| Exceptional Items | |
| Bournville Carillon Repairs | 30,812.40 |
| Total Exceptional Items | 30,812.40 |
| Operating Profit | (24,802.80) |
| Profit on Ordinary Activities Before Taxation | (24,802.80) |
| Profit after Taxation | (24,802.80) |
Profit and Loss Account Friends of Bournville Carillon
29 Feb 2024 Page 2 of 2
CHARITY COMMISSION i FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Indgpendent Examiner's Report Report to the trustees FRIENDS OF BOURNVILLE CARILLON LIMITED On accounts for the year onded DECEMBER 2023 Charity no (if any) 1084093 Sel out on pages I report lo the trust88s on my examination of th8 accounts of the above charity ("the Trust") for the year ended Re8F>on8ibilltiè• and ba818 of report As thè charity's trustees, you are responsible for the preparation of the aGGounts in accordance with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the ACL Independent I ha compl8t8d my examination. I confinn that no material matters have •xamIne8 Statement come to my attention in connection with Ihe examination {other than that disclosed below ") which gives me cause to believe that in. any material r8sFeCt.' the accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts did not a¢¢ord with the accounting records., or the accounts did not comply wtlh the applicable requirements conceming the fom and content of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. . Please d81ete the M)rds in the brnck8ts rf th8y do not apply. Signed: Dato: Name: Relevant prof$lonal qualification(s) or body (if any): Address: l+ ithrA IER Oct 2018