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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|
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|||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|
##
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|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|
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|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|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|
##
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##
||||||||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|
##
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##
|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|
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