2022-03-31-accounts - Sampad (South Asian Arts Development)

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		Page
Report ofthe Trustees	1	to	11
Report ofthe Independent Auditors	12	to	15
Statement of Financial Activities		16
Balance Sheet		17
Cash Flow Statement		18
Notes to the Cash Flow Statement		19
Notes to the Financial Statements	20	to	33

		for	the year e	nded 31 March	2022
						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E	E		E
INCOME FROM
Donations and grants:
Voluntary income				268,125		268,125	268,125
Grants receivable					122,064	122,064	26,732
Charitable activities
Charitable activities				43,147	94,127	137,274	78,691
Investment income				1,601		1,601	1,813
Total				312,873	216,191	529,064	375,361
EXPENDITURE ON
Raising funds				27,839		27,839	28,849
Charitable activities
Project costs				100,390	178,551	278,941	149,368
Marketing				32,490		32,490	33,256
Core support costs				102,926		102,926	94,054
Depreciation and contingency							598
Total				263,645	178,551	442,196	306,125
NET INCOME/(EXPENDITURE)				49,228	37,640	86,868	69,236
RECONCILIATION	OF FUNDS
Total funds brought		forward		375,018	20,707	395,725	326,489
TOTAL FUNDS CARRIED FORWARD				424,246	58,347	482,593	395,725

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	F		E	F
FIXED ASSETS
Tangible assets			12
CURRENT ASSETS
Debtors			13	214,337		214,337	10,712
Cash at bank and	in hand			387,217	58,347	445,564	445,151
				601,554	58,347	659,901	455,863
CREDITORS
Amounts falling due within		one year	14	(177,308)		(177,308)	(60,138)
NET CURRENT ASSETS				424,246	58,347	482,593	395,725
TOTAL ASSETS	LESSCURRENT
LIABILITIES				424,246	58,347	482,593	395,725
NET ASSETS				424,246	58,347	482,593	395,725
FUNDS			15
Unrestricted funds						244,166	187,195
Designated funds						180,080	187,823
Restricted funds						58,347	20,707
TOTAL FUNDS						482,593	395,725

				CASH FLOW STATENIENT
			for the year ended 31 March 2022
					2022	2021
				Notes	E	E
Cash flows from operating activities Cash generated from operations				1	~1,188)	103,260
Net cash (used in)/provided		by	operating	activities	~1,188)	103,260
Cash flows from	investing	activities
Interest received					1,601	1,813
Net cash provided	by investing		activities		1,601	1,813
Change in cash	and cash	equivalents
in the reporting	period				413	105,073
Cash and cash equivalents		at	the
beginning ofthe	reporting	period			445,151	340,078
Cash and cash equivalents		at	the end
ofthe reporting	period				445,564	445,151

RECONCILIATION	OF NET I	NCOME TO NET CASH FLOW	FROM O	PERATING ACTIVIT	IES
				2022	2021
				F	E
Net income for the	reporting	period (as per the Statement	of
Financial Activities)				86,868	69,236
Adjustments for:
Depreciation charges					598
Interest received				(1,601)	(1,813)
(Increase)/decrease	in debtors			(203,625)	14,860
Increase in creditors				117,170	20,379
Net cash (used in)/provided		by operations		~1,188I	103,260

ANALYSIS OF C	HANGES IN NET FUNDS
		At 1.4.21	Cash flow	At 31.3.22
		E	E	E
Net cash
Cash at bank and	in hand	445,151	413	445,564
		445,151	413	445,564
Total		445,151	413	445,564

administered	fund. Contributions	fund. Contributions	fund. Contributions	payabl	e for the year ar	e charged in th	e Statement of Finan	cial Activitie
DONATIONS	AND GRANTS
							2022	2021
Grants							390,189	294,857
Grants received,		included	in the	above,	are as follows:
							2022	2021
							E	F
Arts Council	England						248,394	248,394
Birmingham	City	Council					34,731	36,463
The Saintbury	Trust						5,000
Cole Trust							2,000	2,000
Birmingham	and	Solihull	Mental	Health	NHS Foundation	Trust	10,000
Heart of England		Trust						7,000
W M Cadbury	Trust							1,000
National Lottery		Heritage	Fund				90,064
							390,189	294,857

3.	INVESTMENT	INCOIVIE
							2022	2021
							E	E
	Deposit account	interest					1,601	1,813
4.	INCOME FROM	CHARITABLE ACTIVITIES
							2022	2021
				Activity			E
	Project and performance
	fees			Charitable	activities		96,722	78,198
	Donations			Charitable	activities		572	493
	Grants			Charitable	activities		39,980
							137,274	78,691
	Grants received,	included	in the above,		are as follows:
							2022	2021
							E
	Baring Foundation						39,980
5.	RAISING FUNDS
	Grants and other income
							2022	2021
							E
	Staff costs						27,839	28,849
6.	CHARITABLE ACTIVITIES			COSTS
							Support
						Direct	costs (see
						Costs	note 7)	Totals
							E
	Project costs					278,941		278,941
	Marketing					32,490		32,490
	Core support costs						102,926	102,926
						311,431	102,926	414,357

SUPPORT	COSTS
				Governance
			Other	costs	Totals
			E	E	F
Core support	costs		98,326	4,600	102,926
Support costs, included		in the above, are as follows:
Other
				2022	2021
				Core
				sUpport	Total
				costs	activities
				E
Wages				27,840	30,423
Rent and rates				24,420	24,420
Insurance				1,307	1,248
Telephone				1,010	1,079
Postage and	stationery			484	2
Sundries				375	134
Consultants				23,172	17,688
Travel and subsistence				953	39
Recruitment				891	1,005
Staff welfare				433	244
Training				1,509
Repairs and	maintenance			387
Bank charges				45	376
Exchange rate variance				119	266
Subscriptions	and memberships			1,811	1,254
ITcosts				9,801	8,964
Legal and professional				3,769	1,692
Depreciation	oftangible	fixed assets			598
				98,326	89,432
Governance	costs
				2022	2021
				Core
				sUpport	Total
				costs	activities
				F	E
Auditors' remuneration				4,600	5,220

							2022	2022	2021
							E
Fee payable	to the charity's		auditor for the		audit of the charity's	annual
accounts							4,000		4,100
All taxation	advisory	services	not included		above			600	820
All non-audit	services not included			above					300

STAFF COSTS
					2022	2021
						E
Wages and salaries					196,093	144,375
Social security costs					14,139	9,418
Other pension costs					6,219	5,342
					216,451	159,135
The average monthly	number	ofemployees	during	the year was as follows:
					2022	2021
Core operations					2	3
Administration					5	2

		NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022	NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022	NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022
11.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2021)
				Unrestricted	Restricted	Total
				funds	funds	funds
					E	E
	INCOME FROM
	Donations and grants			268,125	26,728	294,853
	Charitable activities
	Charitable activities			58,994	19,701	78,695
	Investment income			1,813		1,813
	Total			328,932	46,429	375,361
	EXPENDITURE ON
	Raising funds			28,849		28,849
	Charitable activities
	Project costs			91,022	58,346	149,368
	Marketing			31,006	2,250	33,256
	Core support costs			93,927	127	94,054
	Depreciation and contingency			598		598
	Total			245,402	60,723	306,125
	NET INCOME			83,530	(14,294)	69,236
	Transfers between	funds		~26,767)	26,787
	Net movement in funds			56,743	12,493	69,236
	RECONCILIATION	OF FUNDS
	Total funds brought		forward	318,280	8,209	326,489
	TOTAL FUNDS CARRIED FORWARD			375,023	20,702	395,725

						for the year	ended 31 March 2	022
12.	TANGIBLE FIXED		ASSETS
								Fixtures
							Plant and	and	Computer
							machinery	fittings	equipment	Totals
							E	E	E	E
	COST
	At 1 April 2021 and		31	March 2022			4,754	386	6,747	11,887
	DEPRECIATION
	At 1 April 2021 and		31	March 2022			4,754	386	6,747	11,887
	NET BOOK VALUE
	At 31 March 2022
	At 31 March 2021
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
									2022	2021
									E	E
	Trade debtors								137,963
	Prepayments and accrued				income				76,374	10,712
									214,337	10,712
14.	CREDITORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
									2022	2021
	Trade creditors								12,715	3,169
	Accruals and deferred			income					144,639	23,063
	Accrued expenses								19,954	33,906
									177,308	60,138
	Deferred income
									2022	2021
									E	E
	Deferred income at 1st			April 2021					23,063	25,561
	Resources deferred		during		the year				144,640	23,063
	Amounts released	from		previous		periods			(23,063)	(25,561)
	Deferred income at 31st March					2022			144,640	23,063

MOVEMENT IN		FUND	S
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
								E
Unrestricted funds
General fund						187,195	56,971	244,166
Fundraising/Match		funding				24,652		24,652
Artists development						18,787		18,787
Partnership development						3,508		3,508
IT and technical	upgrade					3,555	(1,546)	2,009
Website upgrade						3,000	(1,239)	1,761
Staff development						3,321	(1,500)	1,821
Learning Officer						20,000		20,000
Music projects						5,000		5,000
Digital projects						20,000		20,000
Bursaries programme						16,000		16,000
Sakhsi (Women)						10,000		10,000
Heritage projects		2022-25				10,000		10,000
Age (UMAR) 2022-25						10,000		10,000
Bangla 50						10,000	(3,458)	6,542
Succession Strategy 2022 onwards						30,000		30,000
						375,018	49,228	424,246
Restricted funds
BCC - International		Dance Development				2,485		2,485
Uni Birmingham	-	International			Dance
Development						2,500		2,500
Birmingham 8 Solihull			Mental		Health
Foundation Trust						500	74	574
Heart of England		Trust				3,222	(3,222)
WM Cadbury Trust						1,000	(743)	257
Cole Trust						2,000		2,000
BCC - Trainee Assistant				Producer		9,000	(9,000)
Birmingham City	Council			- No	Bond So
Strong							10,551	10,551
Baring Foundation							39,980	39,980
						20,707	37,640	58,347
TOTAL FUNDS						395,725	86,868	482,593

Net movement in funds	,	in	clud	ed in the above are a	s follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						F	E
Unrestricted funds
General fund					312,873	(255,902)	56,971
IT and technical upgrade						(1,546)	(1,546)
Website upgrade						(1,239)	(1,239)
Staff development Bangla 50						(1,500) ~3,458)	(1,500) ~3,458)
					312,873	(263,645)	49,228
Restricted funds
National Lottery Heritage		Fund			93,638	(93,638)
Cultural Central - Transforming
Narratives MCMH					14,650	(14,650)
Birmingham 8 Solihull	Mental			Health
Foundation Trust					15,400	(15,326)	74
Heart of England Trust						(3,222)	(3,222)
WM Cadbury Trust						(743)	(743)
BSMHT - Tales ofTogether					19,465	(19,465)
BCC - Trainee Assistant		Producer			1,000	(10,000)	(9,000)
Birmingham City Council		-	No	Bond So
Strong					14,000	(3,449)	10,551
MAC (Charity) - Celebrating			Age		18,058	(18,058)
Baring Foundation					39,980		39,980
					216,191	)178,551)	37,640
TOTAL FUNDS					529,064	~442, 198)	86,868

								Net	Transfers
								movement	between	At
							At 1.4.20	in funds	funds	31.3.21
							F	F		E
Unrestricted funds
General fund							212,152	86,331	(111,287)	187,196
Fundraising/Match		funding					24,652			24,652
Artists development							6,786		12,000	18,786
Partnership development							3,508			3,508
IT and technical	upgrade						4,861	(1,306)		3,555
Website upgrade							3,000			3,000
Staff development							3,321			3,321
Learning Officer							10,000		10,000	20,000
Music projects									5,000	5,000
Digital projects									20,000	20,000
Bursaries programme									16,000	16,000
Sakhsi (Women)									10,000	10,000
Heritage projects	2022-25								10,000	10,000
Age (UMAR) 2022-25									10,000	10,000
Bangla 50									10,000	10,000
Succession Strategy 2022 onwards 2020 30Years							50,000	~1,500)	30,000 ~48,500)	30,000
							318,280	83,525	(26,787)	375,018
Restricted funds
WM A Cadbury -	Brick		Lane-
Bangladesh							2,224		(2,224)
BCC - International		Dance Development					2,485			2,485
Uni Birmingham - International						Dance
Development							2,500			2,500
Harry Payne - Transforming					Narratives
2020							1,000		(1,000)
National Lottery Heritage				Fund				(24,000)	24,000
Cultural Central -	Transforming
Narratives MCMH								(6,011)	6,011
Birmingham 8 Solihull			Mental			Health
Foundation Trust								500		500
Heart of England	Trust							3,222		3,222
WM Cadbury Trust								1,000		1,000
Cole Trust								2,000		2,000
BCC - Trainee Assistant				Producer				9,000		9,000
							8,209	~14,289)	26,787	20,707
TOTAL FUNDS							326,489	69,236		395,725

Comparative ne	t move	me	nt in	funds, included in t	he above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						F	F
Unrestricted funds
General fund					328,932	(242,601)	86,331
IT and technical 2020 30Years	upgrade					(1,306) ~1,500)	(1,306) ~1,500)
					328,932	(245,407)	83,525
Restricted funds
National Lottery	Heritage		Fund		7,732	(31,732)	(24,000)
Cultural Central	- Transforming
Narratives MCMH					5,693	(11,704)	(6,011)
Birmingham 8 Solihull		Mental		Health
Foundation Trust					1,700	(1,200)	500
Heart of England	Trust				7,000	(3,778)	3,222
WM Cadbury Trust					1,000		1,000
Solihull Borough	Council				8,719	(8,719)
Cole Trust					2,000		2,000
Cultural Central	- Sreepur		Village		2,000	(2,000)
BSMHT —Tales	ofTogether				1,585	(1,585)
BCC - Trainee Assistant			Producer		9,000		9,000
					46,429	~60,718)	~14,289)
TOTAL FUNDS					375,361	)306,125)	69,236