| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 9 |
| Report of the Independent Auditors |
10 to | 13 | |
| Statement of Financial Activities | 14 | ||
| Balance Sheet | 15 | ||
| Cash Flow Statement | 16 | ||
| Notes to the Cash Flow Statement | 17 | ||
| Notes to the Financial Statements | 18 to | 32 |
| for th | e year en | ded 31 March | 2023 | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | F | ||||||
| INCOME AND ENDOWMENTS Donations and grants |
FROM | 2 | 275,125 | 51,978 | 327,103 | 390,189 | |
| Charitable activities Charitable activities |
127,119 | 99,519 | 226,638 | 137,274 | |||
| Investment income |
5,234 | 5,234 | 1,601 | ||||
| Total | 407,478 | 151,497 | 558,975 | 529,064 | |||
| EXPENDITURE ON Raising funds |
28,950 | 28,950 | 27,839 | ||||
| Charitable activities |
|||||||
| Charitable activities Project costs Marketing Core support costs |
181,985 56,668 98,754 |
162,683 | 344,668 56,668 98,754 |
278,941 32,490 102,926 |
|||
| Total | 366,357 | 162,683 | 529,040 | 442,196 | |||
| NET INCOME/(EXPENDITURE) | 41,121 | (11,186) | 29,935 | 86,868 | |||
| RECONCILIATION Total funds brought |
OF FUNDS forward |
424,246 | 58,347 | 482,593 | 395,725 | ||
| TOTAL FUNDS CARRIED FORWARD | 465,367 | 47,161 | 512,528 | 482,593 |
| 31 | March 2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | E | ||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | ||||
| CURRENT ASSETS Debtors Cash at bank and in hand |
13 | 16,932 563,802 |
47,161 | 16,932 610,963 |
214,337 445,564 |
| 580,734 | 47,161 | 627,895 | 659,901 | ||
| CREDITORS Amounts falling due within one year |
14 | (115,367) | (115367) | (17?308) | |
| NET CURRENT ASSETS | 465,367 | 47,161 | 512,528 | 482,593 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES |
465,367 | 47,161 | 512,528 | 482,593 | |
| NETASSETS | 465,367 | 4T.1ISl | 512,528 | 482,593 | |
| FUNDS Unrestricted funds Restricted funds |
15 | 465,367 47,161 |
424,246 58,347 |
||
| TOTAL FUNDS | 512,528 | 482,593 |
| for | CASH FLOW STA the year ended 31 |
TEMENT March 2023 |
|||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Notes | E | ||||
| Cash flows from operating activities Cash generated from operations |
1 | 160,165 | (1,188) | ||
| Net cash provided | by/(used | in) operating | activities | 160,165 | (1,188) |
| Cash flows from Interest received |
investing | activities | 5,234 | 1,601 | |
| Net cash provided | by investing activities |
5,234 | 1,601 | ||
| Change in cash in the reporting |
and cash period |
equivalents | 165,399 | 413 | |
| Cash and cash equivalents beginning ofthe reporting |
at the period |
445,564 | 445,151 | ||
| Cash and cash equivalents ofthe reporting period |
at the end | 610,963 | 445,564 |
| NOTES TO THE CASH FLOW STATEMEN for the year ended 31 March 2023 |
T | T | |
|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES 2023 2022 |
|
| Net income for the reporting period (as per the Statement of Financial Activities) |
29,935 | 86,868 | |
| Adjustments for: Interest received Decrease/(increase) (Decrease)/increase |
in debtors in creditors |
(5,234) 197,405 (61,941) |
(1,601) (203,625) 117,170 |
| h | b/d ioperations |
160,165 | (1,188) |
| ANALYSIS OF C | HANGES IN NET FUNDS |
|||
|---|---|---|---|---|
| At 1.4.22 | Cash flow | At 31.3.23 | ||
| Net cash Cash at bank and |
in hand | 445,564 | 165,399 | 610,963 |
| 445,564 | 165,399 | 610,963 | ||
| Tl | 445,564 | 165,399 | 610,963 |
| GRA | TS | ||||
|---|---|---|---|---|---|
| DONATIONS AND |
2023 | 2022 | |||
| Grants | 327,103 | 390,189 | |||
| Grants received, included |
in the above, | are as follows: | |||
| 2023 | 2022 | ||||
| E | E | ||||
| Arts Council England Birmingham City Council The Saintbury Trust Cole Trust Birmingham and Solihull National Lottery Heritage |
Mental Health Fund |
NHS Foundation | Trust | 248,394 29,731 48,978 |
248,394 34,731 5,000 2,000 10,000 90,064 |
| 327,103 | 390,189 | ||||
| INVESTMENT INCOME | 2023 | 2022 | |||
| E | |||||
| Deposit account interest | 5,234 | 1,601 |
| NOTES TO THE FINANCIAL STATEM for the year ended 31 Marc |
NOTES TO THE FINANCIAL STATEM for the year ended 31 Marc |
NOTES TO THE FINANCIAL STATEM for the year ended 31 Marc |
ENTS -continue h 2023 |
d | ||
|---|---|---|---|---|---|---|
| INCOME FROM CHARITABLE ACTIVITIES | 2023 | 2022 | ||||
| Activity | E | F | ||||
| Project and performance fees Donations Grants |
Charitable Charitable Charitable |
activities activities activities |
226,271 367 |
96,722 572 39,980 |
||
| 226,638 | 137,274 | |||||
| Grants received, included |
in the above, | are as follows: | 2023 | 2022 | ||
| F | ||||||
| Baring Foundation | 39,980 | |||||
| 5. | RAISING FUNDS | |||||
| Grants and other income | 2023 | 2022 | ||||
| F | E | |||||
| Staff costs | 28,950 | 27,839 | ||||
| 6. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 7) | Totals | ||||
| E | E | |||||
| Project costs Marketing Core support costs |
344,668 56,668 |
98,754 | 344,668 56,668 98,754 |
|||
| 401,336 | 98,754 | 500,090 | ||||
| 7. | SUPPORT COSTS | Governance | ||||
| Other | costs | Totals | ||||
| E | E | E | ||||
| Core support costs | 95,515 | 3,239 | 98,754 |
| Other | 2023 | 2022 | ||||
| Core | ||||||
| sUpport | Total | |||||
| costs | actiwties | |||||
| E | E | |||||
| Wages Rent and rates Insurance Telephone Postage and stationery Sundries Consultants Travel and subsistence |
28,950 25,151 1,471 1,445 951 1,924 17,495 3,544 475 |
27,840 24,420 1,307 1,010 484 375 23,172 953 891 |
||||
| Recruitment Staff welfare |
1,251 432 |
433 1,509 |
||||
| Training Repairs and maintenance Bank charges Exchange rate variance Subscriptions and memberships ITcosts Legal and professional |
144 40 (327) 1,415 10,074 1,080 |
387 45 119 1,811 9,801 3,769 |
||||
| 95,515 | 98,326 | |||||
| Governance costs | 2023 | 2022 | ||||
| Core | ||||||
| sUpport | Total | |||||
| costs | actiwties | |||||
| F | ||||||
| Auditors' remuneration |
3,239 | 4,600 | ||||
| AUDITORS' REMUNERATION | ||||||
| 2023 | 2022 | |||||
| F | E | |||||
| Fee payable to the charity's auditor for the accounts All taxation advisory services not included |
audit ofthe charity's above |
annual | 3,239 | 4,000 600 |
||
| All non-audit services not included |
above |
| STAFF COSTS | 2023 | 2022 |
| E | F | |
| Wages and salaries Social security costs Other pension costs |
208,298 17,620 7,401 |
196,093 14,139 6,219 |
| 233,319 | 216,451 |
| The average monthly number ofemployees duri |
ng the year was as follows: | |
|---|---|---|
| 2023 | 2022 | |
| 5 | 2 | |
| Core operations | 2 | 5 |
| Administration |
| 2023 | 2022 |
|---|---|
| 1 |
| management personnel comprises of2 indi |
management personnel comprises of2 indi |
viduals (2022:2) |
. | ||
|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES Unrestricted |
Restricted | Total | |
| funds | funds | funds | |||
| E | E | F | |||
| INCOME AND ENDOWMENTS Donations and grants |
FROM | 268,125 | 122,064 | 390,189 | |
| Charitable activities Charitable activities |
43,147 | 94,127 | 137,274 | ||
| Investment income |
1,601 | 1,601 | |||
| Total | 312,873 | 216,191 | 529,064 | ||
| EXPENDITURE ON Raising funds |
27,839 | 27,839 | |||
| Charitable activities Charitable activities Project costs |
(178,551) 278,941 |
178,551 | 278,941 | ||
| continued. .. |
for the year ended 31 March 2023 |
for the year ended 31 March 2023 |
for the year ended 31 March 2023 |
for the year ended 31 March 2023 |
|||
|---|---|---|---|---|---|---|
| 11. | COMPARATIVES FOR | THE STATEMENT OF FINANCIAL ACTIVITIES -continued Unrestricted Restricted |
Total | |||
| funds | funds | funds | ||||
| E | E | |||||
| Marketing Core support costs |
32,490 102,926 |
32,490 102,926 |
||||
| Total | 263,645 | 178,551 | 442,196 | |||
| NET INCOME | 49,228 | 37,640 | 86,868 | |||
| RECONCILIATION OF FUNDS Total funds brought forward |
375,018 | 20,707 | 395,725 | |||
| TOTAL FUNDS CARRIED FORWARD | 424,246 | 58,347 | 482,593 | |||
| 12. | TANGIBLE FIXED ASSETS | Fixtures | ||||
| Plant and machinery |
and fittings |
Computer equipment |
Totals | |||
| E | F | F | ||||
| COST At 1 April 2022 and 31 March 2023 |
4,754 | 386 | 6747 | 11887 | ||
| DEPRECIATION At 1 April 2022 and 31 March 2023 |
4,754 | 386 | 6,747 | 11,887 | ||
| NET BOOK VALUE | ||||||
| At 31 March 2023 | ||||||
| At 31 March 2022 | ||||||
| 13. | DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | 2023 | 2022 | ||
| Trade debtors Prepayments and accrued income |
15,081 1,851 |
137,963 76,374 |
||||
| 16,932 | 214,337 |
| NOTES TO THE FINANCIAL STATEMENTS -cont for the year ended 31 March 2023 |
NOTES TO THE FINANCIAL STATEMENTS -cont for the year ended 31 March 2023 |
NOTES TO THE FINANCIAL STATEMENTS -cont for the year ended 31 March 2023 |
inued | |
|---|---|---|---|---|
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 | ||
| E | ||||
| Trade creditors Accruals and deferred income Accrued expenses |
9,791 92,503 13,073 |
12,715 144,639 19,954 |
||
| 115,367 | 177,308 | |||
| Deferred | income | |||
| 2022 | 2022 | |||
| E | ||||
| Deferred income at 1stApril 2022 Resources deferred during the year Amounts released from previous periods |
144,640 92,503 (144,640) |
23,063 144,640 (23,063) |
||
| Deferred | income at 31st March | 2023 | 92,503 | 144,640 |
| MOVEMENT IN FUNDS |
||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| E | E | E | ||
| Unrestricted funds General fund Fundraising/Match funding Artists development Partnership development ITand technical upgrade Website upgrade Staff development Learning Officer Music projects Digital projects Bursaries programme Sakhsi (Women) Heritage projects 2022-25 Age (UMAR) 2022-25 Bangla 50 Succession Strategy 2022 onwards |
244,166 24,652 18,787 3,508 2,009 1,761 1,821 20,000 5,000 20,000 16,000 10,000 10,000 10,000 6,542 30,000 |
50,397 (506) (2,009) (1,761) (5,000) |
294,563 24,652 18,281 3,508 1,821 15,000 5,000 20,000 16,000 10,000 10,000 10,000 6,542 30,000 |
|
| 424,246 | 41,121 | 465,367 | ||
| Restricted funds | ||||
| Uni Birmingham - International Development |
Dance | 2,500 | 2,500 | |
| BCC - International Dance Development |
2,485 | 2,485 | ||
| Birmingham 8 Solihull Mental Health Foundation Trust WM Cadbury Trust Cole Trust BCC - Trainee Assistant Producer |
574 257 2,000 |
(574) (257) (2,000) 9,922 |
9,922 | |
| Birmingham City Council - No Strong Baring Foundation |
Bond So | 10,551 39,980 |
(10,551) (7,726) |
32,254 |
| 58,347 | (11,186) | 47,161 | ||
| TOTAL FUNDS | 482,593 | 29,935 | 512,528 |
| Net movement in funds, i |
nclu | de | d in the above are a |
s follows: | ||
|---|---|---|---|---|---|---|
| Incoming resources |
Resources expended |
Movement in funds |
||||
| F | E | E | ||||
| Unrestricted funds General fund Artists development ITand technical upgrade Website upgrade Learning Officer |
407,478 | (357,081) (506) (2,009) (1,761) (5,000) |
50,397 (506) (2,009) (1,761) (5,000) |
|||
| 407,478 | (366,357) | 41,121 | ||||
| Restricted funds National Lottery Heritage |
Fund | 42,378 | (42,378) | |||
| Birmingham 8 Solihull Mental Health Foundation Trust WM Cadbury Trust Cole Trust BCC - Trainee Assistant Producer |
71,'382 10,000 |
(71,956) (257) (2,000) (78) |
(574) (257) (2,000) 9,922 |
|||
| Birmingham City Council - No Bond So Strong MAC (Charity) -Celebrating Age Baring Foundation Dance Hub Barrow in Furness Festival |
1,942 2,340 8,961 14,494 |
(10,551) (1,942) (10,066) (8,961) (14,494) |
(10,551) (7,726) |
|||
| 151,497 | (162,683) | (11,186) | ||||
| TOTALFUNDS | 558,975 | (529,040) | 29,935 |
| Comparatives for movement |
in funds | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| E | E | |||
| Unrestricted funds General fund Fundraising/Match funding Artists development Partnership development ITand technical upgrade Website upgrade Staff development Learning Officer Music projects Digital projects Bursaries programme Sakhsi (Women) Heritage projects 2022-25 Age (UMAR) 2022-25 Bangla 50 Succession Strategy 2022 onwards |
187,195 24,652 18,787 3,508 3,555 3,000 3,321 20,000 5,000 20,000 16,000 10,000 10,000 10,000 10,000 30,000 |
56,971 (1,546) (1,239) (1,500) (3,458) |
244,166 24,652 18,787 3,508 2,009 1,761 1,821 20,000 5,000 20,000 16,000 10,000 10,000 10,000 6,542 30,000 |
|
| 375,018 | 49,228 | 424,246 | ||
| Restricted funds | ||||
| BCC - international Dance Development |
2,485 | 2,485 | ||
| Uni Birmingham - International Development |
Dance | 2,500 | 2,500 | |
| Birmingham 8 Solihull Mental Health Foundation Trust Heart of England Trust WM Cadbury Trust Cole Trust BCC - Trainee Assistant Producer |
500 3,222 1,000 2,000 9,000 |
74 (3,222) (743) (9,000) |
574 257 2,000 |
|
| Birmingham City Council - No Strong Baring Foundation |
Bond So | 10,551 39,980 |
10,551 39,980 |
|
| 20,707 | 37,640 | 58,347 | ||
| TOTAL FUNDS | 395,725 | 86,868 | 482,593 |