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