REGISTERED COMPANY NUMBER: 04146042 (England and Wales REGISTERED CHARITY NUMBER: 1088995 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Luckmans Duckett Parker Limited 1110 Elliotl Court Coventry Business Park Herald Avenue Coventry West Midlands SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) CONTENTS OF THE FINANCIAL STATEMENTS for the yoar ended 31 March 2024 Paga Report of the Trusteos 1 to 10 Report of the Independent Auditors 11 to 14 statement of Financial Actlvilies 15 Balance Sheet 16 Cash Flow Statement 17 Not08 to the Cash Flow Stat•m•nt 18 Note8 lo the Flnanclal Statements 19 to 32 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial slatements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJectlve8 and alms Sampad exists to stimulate cultural learning through different art-forms inspired by South Asian traditions to encourage awareness, appreciation, and participation in arts and heritage for everybody, with priorities as follows:_ promote excellence through arts and heritage programmes and performances for both South Asian and non- South Asian communities working in partnership with venues, and provide specialist marketing and audience development expertise provid6 inclusive participatory arts learning 8xperiences, working particularly with hard to reach sections of the community and intergenerational groups, and better meeting the needs of schools to provid8 a greater depth of 18arning experiences for young people Develop Samp8d as an exemplar organisation for south Asian and Intercultural arts development. particularly through leadership and professional development for arts practitioners. and young people, in cultural leadership roles. act as a catalyst in providing profession818mploym8nt opportunities for artists who contribute both to social and economic well-being Increase the profile of British Asian artlsts worldwide through international partnershlps whlch also attract outside funding, employmenl opportunities foi artists. new markets and audiences strengthening Sampad's track record The company achieves these objectives by working across the areas of: Performance, exhibition and learning programmes Training opportunities Intérnational development and partnerships One of Sampad's unique strengths continues to be its long-term relationship with South Asian arts audiences. Our core audiences span the full South Asian demographic spectrum, and over the course of more than 33 years this has led lo a deep understanding of the past, present and developing composition and behaviours of these audiences, as well as the nature of Ihe artisticlcultural content to which they are likely lo respond. Public benefit The trustees confirm that: In the exercise of their powers as ch8rity trustees. they have had due regard to the published guidance from the Charity Commission on the operation of the public benefit requirement and the aims of the charity are carried out for the public benefit. Page 1 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charltable actlvities During this year, Sampad's long standing Chair Ranjit Sondhi CBE stepped down. His support and wisdom was invaluable in guiding the organisation from ils formative years to gain stability and long-term resilience. Ranjit was well known and highly respected across diverse secti¢MS of professional and community groups, and apprecialed for his int811i9ence, strong sense of fairness and powerful conviction of social equity. The Board and wider membérs of the artistic community offered Ranjit their apprecialion in a well-attended far8well event. Stepping into these big Shoes as Chairperson is Dr Niti Pall who brings with her nol only extensive clinical experience but also experience of boards - voluntary. public seclor and commercial and a passion for the arts and enthusiasm to lead Sampad into a new 8ra. Sampad's Programme 2023-24 City of Empire to Cily of Diversity: A Visual Journey During this year, Sampad continued to tour the schools exhibition across the cily; developed a new theatre in education work 'My Journey My Birmingham,, focusing on the collection and aiming to deepen the thinking of th8 children and explore some of the challenges and opportunities of migration to the UK in the latter parl of tha 20th Century. We also developed and delivered the 'Joufneys to Birmingham, Heritage Summer School in August 2023 at the Midlands Arts Centre. The aim of the Summer School was to harness an interest in heritage and explore migration using the lens of the Ern&st Dyche Photographic Collection. These activities marked the culmination of this three year landmark projecl which has left a legacy both for the company in the form of Sampad Associate Schools (see below) and the city, in a more accessible Dyche Archive Collection at the Library of Birmingham. Diwali 2023 This year, we collaborated with a diverse range of partners. including the University of Birmingham, B.'Music, Network Rail, and the West Midlands Combined Authority (MCA), to celebrate Diwali across th8 city. Our flagship event, Ujala, hosted at The Exchange in partnership with the University of Birmingham, was a vibrant celebralion of community, unity, love, and light and included inleraclive workshops, poetry readings, storytelling, dance and music perfomiances. In partnership with OPUS, we also brought Diwali to New Street Station. The festivitie8 included a striking Yakshagana perfomiance. Bollywood dance from local groups, and a diverse range of music performances, from garage-infused Bhangra to Indo-jazz piano. Additionally, in collaboration with the West Midlands Combined Authority and the Indian Consulale. we curated the City's annual Diwali show. Fe8tlval 23- Vlctoria Square As part of Birmingham Festival 23, supported by Birmingham Cty Council and the Commonwealth Games Federation, Sampad was inviled to curate a full day of programming on a purpose-buill stage in the heart of the city. This festival aimed to recapture the spirit and energy of Birmingham's Commonwealth year. We showcased 146 individual artists over a span of 10 hours, offering a diverse and vibrant range of performances. Notable highlights included a unique collaboration belween acclaimed saxophonist Soweto Kinch and contemporary Indian dancer Aritri Kunda, a soulful performance by Chand Ali Khan's Qawwali group, and a highly anticipated headline performance by Apache Indian, marking his return to hi5 hometown for a special show. This event provided an exciting platform for us to presenl a rich mix of artistic talent, reflecting Birmingham's cullural diversily. Page 2 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for tha year ended 31 March 2024 Performance Programme Our highly successful performance programme continued in this year. Midday Mantra, our regular series of events delivered in partnership with B-MusiG saw strong altendance, with an average of 70% of tickets sold. Nolably, this was the first year that tickets were charged for. and the high sales ieflect both the importance of the concert series lo our existing audience and its Potential lo attract new attendees., Our partnership with Watwickshire Cricket Edgbaston Stadium continued with an invitation to be part of their Family Fun Day. This year. we programmed a mehndi artist and diya lamp painting workshops. Asian Spring 2024 celebrated the talent of hundreds of local dancers. who dedica18 ountless hours to perfecting their performances. The showcase features a wide range of styles, from classical fomis like Kathak and Bharatanatyam to contemporary styles such as Bollywood. We worked for the first lime with Sandwell Hospital on a South Asian Heritage Month Event showcasing performance and workshop opportunities for Staff & continued our Chai & Chat series. Sampad Associated Schools We officially launched this programme for the school year 2023-24 siarting in September. Funding from The Foyle Foundalion and The Cole Trust SUPPOrted set UP Costs, marketing & branding and the Costs of our part time Learning Officer for just under a year to establish thè programme. In Year 1, 18 artists who delivered 86 days of workshop8 and activilies in schools., 2,350 children participated in workshops: 1,000 young people were audiences for our programmes in schools., we delivered 6 teacher CPD days and more Ihan 200 school children entered our '1 Have a Dream, Anthology writing competition. Engagement with schools has been ov8rwhelmingly positive and we are now developing longer lem plans for how to continue to build SAS. Lockdown Land8cape8 Thls was a ¢ollaboralion between Sampad, the National Memorial Arboretum, the National Fore3t Company, Westminster Abbey and ArtReach. culminating in an exhibition at the National Memorial Arborelum during the Summer of 2023. The project commemorated the heroic key workers who served the nation throughout the Covid-19 pandeml¢, and remembered those who lost their lives during this period of national Crisis. Sampad was commissioned to produce an art work which captured the experiences of members of the South Asian communily. Local artist Tasawar Bashir produced a soundscape from interviews he collected. logelher with oral histories which were gathered by spoken word artisl Nafeesa Hamid and Sampad staff. These memories were also added to the National Ar¢hive. meaning Ihe personal experiences of members of the South Asian cornmunily were captured and stored for fulure generations alongside the experiences of those from the many different communltles in England today. Women's Dolphin Cgntre - Crgate & Change Funding from The Baring Foundation over years has enabled Sampad to work in partnership wilh the Dolphin Centre lo continue its important work with local women and their families on an arts and wellbeing project. During this. Artist Practitioner Balisha Karra worked at the Centre and with Ward End Library to run two weekly workshops exploring literature, crafts, drama and other art forms. Addilional aclivity took place for half terms and school holidays. Tralnlng Pro Gati (Professlonal Movement) This professional training programme for South Asian dance practitioners project continued through this year with funding from Dance Hub Birmingham. In June we were pleased to host the Dance & Digital Lab which gave dancers an opportunily to experiment with AR and VR technologies and hear from established choreographers about their journeys. We hostèd two round lables exploring climate change and the challenges of self producing for dancers. In the autumn we gave danGers an opportunity to put their leaming from the Dance and Health Lab (Feb 2023) into practice through a series of dance workshops at an elders day care centre and a sheltered housing scheme in South Birmingham. - Centre for Advanced Dance Training - Yuva Gatl This is Samp8d's flagship programme for young people is Yuva Gali (yDulh movement) continued in partnership with FABRIC. Yuva Gati is part of the Centre lor Advanced Dance Training funded by Department for Education. Training and supporting Ihe development of the next generation of Soulh Asian dance artists, it is a critical part of the sustainability of Ihe South Asian dance sector in Eng12nd. Page 3 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 - Creatlng the Workforce for the Future- Internshlps & Tralnee Producers We recognise that disappointingly there continues to be an under representation of black and Asian people working in the arts and heritage sectors. Sampad plays its part in developing this lalent for the sector as a whole and so we continue to deliver opportunities to train young people wishing to start and develop a career in the arts and heritage sectors. In 2023-24 we had 2 interns from University of Birmingham. In addilion, we secured funding from Birmingham City Council Cultural Leadershp Funding Round foi two part lime Trainee Creative Producefs who had the opportunity to lead on elements of BEDLAM. Sampad Associate Schools and our PRO GATI programmes. Dance Leaders Group Sampad was invited to be a DLG Hub and host a Senior and Youth Ambassador in 2023-24. DLG is an open, independent ne￿Ork of dance professionals and leaders across the West Midlands with a hunger to collaborate and a commitment to inclusion and equality. We were delighted lo have Reena Tailor and Simran Sheemar work with us on this project as the Ambassadors and to encourage th8 South Asian danc8 sector to engage with this network. Fundralslng actlvltles Sampad continu8S te be part of Arts Council England's National Portfolio for the period of 2023-26 whlch gives us a good foundation for our core costs. However, this year Birmingham City Council served a Section 114 Nolice, in effect meaning that their expenditure is higher than their income. Although we received our full grant of £19. 731 for 2023-24, this was cul by 50Yo for 2024-25 and that from 2025-26 by 100%. This in particular impacts our community and learning programmes and will require us to invest furth6r resource in fundraising in order to bridge this gap but also to raise further funds for our ambilious plans for the future. Of the back of this disappointing news however, we ended the year with a large grant award from the Inclusive Communities Fund for our BEDLAM partnership project. Together wilh The Birmingham REP, Midland3 Arts Centie and Red Earth Collective, we were awarded £196. 180. (See below for Future Plans). BEDLAM The BEDLAM project from 2022-23 culminated in May 2023 through an exhibition at Midlands Arts Contre which also featured work by our BEDLAM Partners The Birmingham REP, MAC and Red Earth Collective. The exhibition attracted audiences in excess of 43,000. The exhibilion featured embroidery and woven work, hand made and painted pottery. print making and photography created by participants taking part in creative workshops led by professional artists in our Sparkhill and Chelmsley Wood Wellbeing Hubs. The project was funded & supported by Birmingham & Solihull Mental Health Foundation Trust. International Sampad continued its relationship wilh Serendipity Festival, Goa (India) to commission a new work Damaru for presentation at the Festival and in Kolkata in December 2023. This time we worked with FABRIC as a co- commissioner. Damaru brought two exciling young dancers logelher - Shyam Dattani and Nilava Sen under the mentorship and guidance of Morag Deyes and Tanushree Shankar and musicians Shadow & Light to explore human relationships and interplay be￿een creation and destruction. silence and sound, allraction and aggression. FINANCIAL REVIEW Flnanelal positlon The chaiitable company has continued lo work hard at its fundraising efforts. seeking new funding opportunities where possible. It continues to gratefully receive revenue from its principle funders Arts Council England and Birmingham City Coiincil arid will cofiiifilie LO WOfr4 harv *iiLh bottri urganisaiiofii to Bi Isiire tkièii prioritie5 and gvdls are iiilly met. This support provides the charitable company with a stable base from which addits'onal fundraising Gan be achievèd. The charitable company receives funds to be spent on projects in fulfilment of ils charitable objectives, Artistic success is the most important measure of its performance, but in financial temis it aims to cover its core running and administration costs and make neither surplus or defiGit whilst allowing for unexpected costs or events. Page 4 SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 FINANCIAL REVIEW Reserdes policy The Sampad Board has considered the guidance published by the Charity Commission in r88P8Ct to reserves and feel it prudent to maintain a level of reserves both to support the ongoing activities of the charitable company and Io establish a buffer against any d8crease in income. Th8 Board has therefore set a policy thal the reserves target should be 9 month5 of expenditure. Due to the long term uncertainties over funding requirements, the organisation looks to hold this level of reserves to enable the organisalion to dynamically manage any period of funding shortfall whilst delivering core acttviti8s and outcomes. The current reserves target is £319.000. Unrestricted reserves are currently £498.842 and therefore the Trustees have committed to spend £179,842 to bring the reserves in line with the policy. The Sampad Board has set aside designated funds of £179,842 (2023.. £170,804) (note 16) towards specific expenditure to sustain and develop Sampad's business aclivities over the nexi 3 years. FUTURE PLANS BEDLAM 2024 From April - December, Sampad and fellow BEDLAM partners The Birmingham Rep. Midlands Arts Centre anrj Red Earth Collective will run a comprehensive community programme engaging local residents in arts and wellbeing activities. This will culminate in the BEDLAM Showcase events in November 2024 with an accompanying exhibition. Wa will continue to build on Ihe strong foundations lamj by the first year of Sampad Associate Schools through building connections with new schools, training artists to work in school settings and running a Summer School programme. Our performance programme will seek to thrill. delight and educate audiences across a range of venues and In partnership with other organisations across the region. Recognising the challenges facing this city and the arts sector as a whole, we look forward to developing new partnerships lo reach different audiences in different spaces. Continue lo work with partners lo programme a range of events for audience across the city and beyond including B.Music, Sandwell Hospital, Solihull Borough Council and Birmingham Conservatoire, STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The organisation 15 a charitable company limited by guarantee. incorporaled on 23 January 2001. It was registered as a charity in 2001. The Company was established under a Memorandum of Association which eslablished the objects and powers of the charitable company and is governed under its Articles of Association. Structure and Management The charitable company has a board of Trustees, who are directors for the purpose of company law, who are responsibl8 for the strategic and po5i¢y decisions and in supervising the processes of applying for funding, carrying oul projects and completing assessment and returns. The board meet at least quarterly. but board members are kept advised of issues in the interim months. The day to day responsibility for carrying out activiti8s, making funding applications and devising policies, strategies or activities for Ihe board to consider rests with the paid artlStic director and staff. Page 5 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appolntment of new trustees Members of the board will be selected on the basis of their working expertise and 8XP8rience, andlor their background and oth&r experiences and skills. The board as a whol8 will aim to ref18Ct the broad makeup and cultural diversity of Birmingham and the West Midlands. As a general rule. there should be a relationship between the charitable company and a person proposed for board membership. The person proposed should know something of Sampad's work. The criterion does not apply to people offering specific skills. The time limits for membership laid down in the constitution should be applied consciously, rather than renewal occurring automatically. There should be a provision for new members to be brought in for a fixed term of three years in the first instance, with the possibility of Éxtension lo full membership after review. Co-options for specbfic projects or developmenls are already laid down in the constitution. In applying their criteria, Sampad will take a pro-active approach in fully oparating ils policy of équal opportunities. All proposed new members must be provided with an induction pack and have a formal discussion with member of the charitable company's staff before their final approval by the board. All members are subject to a check by the Disclosure and Barring Service. These guidelines run alongside the temis of Sampad's Articles of Association. Page 6 SAMPAO (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Organisational structure Flnance, General Purpose and Personnel Sub-committee Nili Patel Nasheima Sheikh Jon Coane Delia Garratt 8arry Mallhews (Treasurer & Secretary) Artlstlc and Educatlon Sub-commlttee Gurdip Bhangoo lan Grosvenor Emma Margetson Satnam Rana-Grindley Paresh Solanki Honorary Members (non-voting) Elaine Benbow Jane Lutz Sarnpad Staff Piali Ray Sabra Khan Richard Bywater Harriet Smith James Vegnuli Gillian Twaile Anaya Bolar Michelle Wales Balisha Karra Naomi Awre Director Executive Director Programmes and Marketing Assistant Marketing and Communications Manager Project and Programme Co-ordinator Learning Manager Trainee Creative Producer (09105123 to 31110123) Trainee Creative Producer (09105123 to 08108123) Arts Practitioner (Left 31105123) Learning Officer {Appointed 03107123) Placomonts - From University of Blrmingham Malavika Mahesh Alice Weltermann Risk management The truslees have a risk management strategy which comprises.. a 6 monthly ￿VIeW of the principal risks and uncertainties that the charity face.. the establishment of policies, systems and procedures to mitigate those risks identified in the annual review.. and the implementation of procedure5 designed lo minimise or manage any potential impact on the charily should those risks materialise. This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to seltle debts as they fall due, regular liaison with the bank, and active management of iraae aeDiors ana creaitors i)aiances to ensure sufficient working capital. Allenlion has also been focussed on non-financial risks arising from fire, health and safety of artist5 and audience, and management of performing righls. These risks are managed by having robust policies and procedures in place, and regular awareness training for staff. Page 7 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year anded 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Pay policy for senior staff The Irustees consider the board of trustees and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee received remuneration in the year. Details of truslees, expenses and related party transactions are disclosed in note 12 to the accounts. The pay of the senior staff is reviewed annually and normally increased in accordance with cost of livlng increases. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 04146042 (England and Wales) Registered Charlty number 1088995 Reglstored offlce Clo Mac Cannon Hill Park Edgbaston Birmingham West Midlands B12 9QH Trustees Gurdip 8hangoo Jon Coane Delia Garrati lan Grosvenor Emma Margetson Barry Matthews Salnam Rana-Grindley Roma Saimbhi (resigned 17.7.23) Nasheima Sheikh Ranjit Sondhi (resigned 20.11.23) P Solanki Vice Chair (appointed 20.11.23) N Pall Chair (appointed 20.11.23) Company Secretary Barry Matthews Audltors Luckmans Duckett Parker Limited 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB Page 8 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the yèar 8nd8d 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Lloyds 142 Edgbaston Park Road Birmingham B15 2TY The Co-oper8tive Bank PO Box 250 Delf House Southway Skelmersdale WN86 CCLA Investment Management 80 Cheapside London EC2V 6DZ Cambridge & Counties Bank Charnwood Court New Walk Leicester LE16TE Hampshire Trust Bank 55 Bishopgate London EC2N 3AS Aldermore Bank Apex Plaza Forby Road Reading RG1 1AX The Charity Bank Fosse House 182 High Street Tonbridge TN91BE STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Sampad (South Asian Arts Development) for the purposes of company law) are r8sponsible for preparing the Report of the Truslees and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice). Page 9 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued Company law requires Ihe trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements. the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charily SORP: make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presum6 thal th6 charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of th8 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the 8ssels of the haritable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as thè trustees are aware= there is no relevant audit information of which the ch8rit8ble company's auditors are unaware; and the trustees hav& taken all Steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information, AUDITORS The auditors, Luckmans Duckett Parker Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relaling to small companies. Approved by order of the board of trustees on Barry Matthews - Trustee Page 10 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) Oplnion We have audited the financial statements of Sampad {South Asian Arts Development) (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balanc& Sheet, the Cash Flow Slatement and notes to the financial statements. including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the f inancial statements.. give a tru& and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expendilure. for the year then ended; have been propèrly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK>) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial slatemenls in the UK, including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons r•latlng to golng concorn In auditing the financial stalements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relaling to evenls or conditions th8t, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Iruslees with respect to going concern are described in the r81evant sections of this report. Other informallon The trustees are responsible for the other infomiation. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe explicitly stated in our report, we do not express any form of assuranc8 conclusion ther80n. In connection with our audit of the financial statements, our responsibility is lo read the other infonnation and, in doing so, consider whether the other information is maleiially inconsislenl with the financial slatemenls or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives ris@ to a material mis5latement in the financial statemenls Ihemselves. If, based on the work we have performed, we conclude that there is a material misstatement of thts other information, we are required to report that fact. We have nothing to report in Ihis regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistenl with the financial stalements. and the Report of the Trustees has been prepared in accordance wilh applicable legal requirement5. Page 11 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Matlers on whlch w8 are requlred to report by exceptlon In the lighl of the knowledge and understanding of the charitable company and its environment obt8ined in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or return8 adequate for our audit have not been received from branches not visited by us., or the finanGial stataments are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report 01 in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statemenl of Trustees, Responsibilit￿8. the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the truslees either intend to liquidate thè charitable company or to c&ase op6rations, or have no realistic alternative but to do so. Page 12 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Our responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Mi5Statements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence ihe economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of d8lecting irregulaflties. including fraud is detailed below- Enquiring of management and employees. including obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to'.- Identifying, evaluating. and complying with laws and regulations and whether they were aware of any instances of non-compliance. Detecling and responding to the risks of fraud and whether they were aware of any actual. suspected, or alleged fraud and. The internal controls established lo mitigate risk relating to fraud or non-compliance with laws and regulations. We identified areas of law and regulation that could reasonably be expected lo have a material effect on the financial statements from our general commercial and sector experience, discussions with management (as required by auditing standards) and discussed with manag8m8nt the policies and procedures regarding compliance with laws and iegulations. All identified laws and regulations were communicated throughout the audit team, and they remained alert to any ndicalions of non-compliance throughout the audit. The mosl significant Gonsiderations for the charitable company were as follows:_ The Charily is subject to laws and regulations that affect the financial statements which include financial reporting legislation (namely The Companies Act 2006), taxation legislation and the Charities Act. We assess8d the extent of compliance with these laws and regulations as part of our audit procedures concerning items recorded in the financial statements. The charity is also subject to other operational laws and regulations where the consequences of non- compliance could have material effect on the amounts or disclosures in the financial statements through imposing fines or withdrawal of funding contracts. Areas where this would have an effect include health and safety, Bribery Act 2010. employment law, data protections and child protection legislation (DBS checks for slaff and volunteers). Auditing standards limit Ihe audit procedures to identifying non4ompliance of these laws and regulations to enquiry of management and inspection of regulalory and legal correspondence, rf there is any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, and audit will not detect the breach. To idenlify risk of material misstatement due to fraud, we carried out discussions amongst the audit team to assess areas where and how fraud might occur in the financial statements and any potential indicators. The following areas were idents'fied :_ Management override of controls through the posling of inappropriate accounting entries or journals We do not believe Iheie is a fraud risk relating the revenue recognitK)n as the revenue is straightforward, with limited opportunity for manipulation. We did not identify any additional fraud risks. We tesled the appropriateness of accounting journals and other adjustments made in the accounls preparalion based on a risk crileria. Page 13 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Owing to the inherent limitation of the audit . there is an unavoidable risk that we may not have delected some material misstatements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulation is from the events and transaction reflected in the financial statement, the 18ss likely in the inherently limited procedure required by auditing standards would identify it. In addition. as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material missiatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance wilh all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Audilors. Use of our report This reporl is made solely to the charitable company's members, as a body. in accordanc8 With Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state lo them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyon6 Othèr than the charitabl8 company and Ihe charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. Mark Spafford FCCA ACA (Senior Statutory Auditor) for and on b8half of Luckmans Duckett Parker Limited 1110 Elliott Court Coventry Business Park Herald Avenue Coventry Wesl Midlands CV5 6UB Date., Page 14 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donalions and grants 268.125 207,324 475,449 327,103 Charitable a¢tivitie8 Charitable activities 99.617 76.546 176,163 226.638 Investment income 13,350 Total 381,092 283.870 664,962 558.975 EXPENDITURE ON Raising funds 29,593 29,593 28,950 Charltable actlvltles Project costs Marketing Core support costs 168,976 49,748 220,484 389,460 49,748 99,300 344,668 56,668 98,754 Total 347,817 568 101 529 040 NET INCOME 33.475 63,386 96,861 29,935 RECONCILIATION OF FUNDS Total funds brought forward 465,367 47,161 512,528 482,593 TOTAL FUNDS CARRIED FORWARD 498 842 110547 609 389 512,528 The notes fonn part of these financial statements Page 15 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) BALANCE SHEET 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors Cash at bank and in hand 13 2.508 602 764 2,508 713311 16,932 610963 110547 605,272 110.547 715.819 627,895 CREDITORS Amounts falling due within one year 14 (106,430) (106.430) (115,3671 NET CURRENT ASSETS 498 842 609 389 512 528 TOTAL ASSETS LESS CURRENT LIABILITIES 498.842 110,547 609,389 512,528 NET ASSETS 498,842 110547 609 389 512 528 FUNDS Unrestricted funds Restricted funds 15 498,842 110547 465,367 TOTAL FUNDS 609 389 512 528 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for iSSLse on ..¥.f...N.¥¥V.....Z.-.Lfr.. and were signed on its behalf by: {r)d Barry Matthews - Trustee The notes form part of these financial statements Page 16 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) CASH FLOW STATEMENT for the year ended 31 March 2024 2024 2023 Notes Cash flows from opèrating activltie8 Cash generaled from operations 88,998 160,165 Net cash provided by operating activities 160.165 Ca8h flow8 from Investing activlties Interest received 5,234 Net cash provided by investing activities 5,234 Change In cash and cash equlvalents in the reportlng period Cash and cash equlvalent8 at th• beglnnlng of the reportlng perlod 102,348 165,399 610 963 445 564 Cash and cash equlvalents at the end of the reportlng perlod 713311 The notes form pari of these financial stalemenls Page 17 SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE CASH FLOW STATEMENT forthe year ended 31 March 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the roporting period (as per the Statement of Flnanclal Actlvltles) Adjustments for: Interest received Decrease in debtors Decrease in creditors 96,861 29,935 {13,350) 14,424 8.937 {5,234) 197,405 61.941 Net cash provided by oporations 160 165 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 610 963 102 348 713311 610,963 713311 Total 610 963 713311 The notes form part of these financial stalements Page 18 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'Th8 Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Sampad (South Asian Arts Development) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaclion valLJe unless othe￿iSe stated in the relevant accounting policy. Golng Concèrn The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The truslees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able lo continue as a going concern. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it is probable that the income will be received and the amount can be measured reliably. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Voluntary income by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable and when the amounts are known with certainty and are measurable. Grants. where entitlement is not conditional on the delivery of a specific performance by the charilable company, are recognised when it becomes unconditionally entitled to the grant. Incoming resources from grants, where related to performance and specific deliverables, are accounted for as Ihe charitable company earns the right to consideration by ils performan￿. Where income is received in advance of performance il is treated as deferred income and included within creditors. Expendllure Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation commilting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related to the category. Where cosls cannot be directly attributed to parlicular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable expenditure comprises those costs incurred by the charitable company in the d81ivery of its aclivities and services for its beneficiaries. Governance costs include those costs associaled with meeting the constitutional and statutory requirements of the charitable company and include audil fees and costs linked to the slrategic management of the charitable company. Page 19 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024 ACCOUNTING POLICIES - contlnued Expenditure All costs are allocated between the expendilure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activily comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Tanglble flxod a88et8 Tangible fixed assets costing £350 or more are capilalised and recognised wh8n futurè economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulaled depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to a51ocate the cost of tangible fixed assets 18SS their residual value over their eslimaled useful lives. Depreciation is provided on the following basis.. Fixtures and fitting8 20-33% straight line Taxatlon The charity is considered to pass the tests set out in Peragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitabl8 company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to haiitable purposes. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular reslricled purposes within the objecls of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of Ihe nature and purpose of each fund is included in the notes to the financial statements. P•n8lon costs and other post-retirement benef5ts The charitable company operates a defined contribulion pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Slatemenl of Financial Activities in the period lo which they relate. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification ol Ihe Interest paid or payak)le by Ihe instilution with whom the funds are deposiled. Debtors and creditors receivablelpayable wlthln one year Debtors and credilors with no staled interest rate and receivable or payable within one year are recorded at Iransaction price. Any losses arising from impairment are wecognised in expenditure. Page 20 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024 ACCOUNTING POLICIES - continued Interest recelvable Cash at bank and in hand Cash at bank and in hand includes cash and short-temi liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Llablllties and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date a8 a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliabty. Liabilities are recognised at the amount that the charity anticipates it will pay to sellle the debl or the amount it has received as advanced payments for the gcods or services it mLlSt provide. Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslnjments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Pen81on8 The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charily to the fund in respect of the year. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Contributions payable for the year are charged in the Statemenl of Financial Activities. DONATIONS AND GRANTS 2024 2023 Grants 475 449 327 103 Grants received, included in the above. ar8 as follows- 2024 2023 Arts Council England Birmingham City Council Cole Trust Bimiingham and Solihull Mental Health NHS Foundatton Trust Heart of England Trust (Inclusive Communities) N2tic)nal Lotlpry Heritage Fund John Feeney Charitable Trust The Foyle Foundation 248,394 19,731 5,000 8,000 117,708 41,666 4,950 248,394 29,731 48,978 475,449 327,103 Page 21 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT NOTES TO THE FINANCIAL STATEMENTS - Continued for the year ended 31 March 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 5,234 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivity Project and performance fees Donations Charitabl8 activities Charitable actNities 176,052 111 226.271 367 176.163 226 638 RAISING FUNDS Grant8 and other Incom• 2024 2023 staff costs 29,593 28,950 CHARITABLE ACTIVITIES COSTS Supporl costs (see note 7) Direct Costs Totals Projecl costs Marketing Core support costs 389.460 49,748 389,460 49,748 99.300 439 208 538 508 SUPPORT COSTS Governance costs Other Totals Core support costs Page 22 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ondod 31 March 2024 SUPPORT COSTS - contlnued Support costs. included in the above, are as foltows: Other 2024 Core support costs 2023 Total activities Wages Rent and rates Insurance Telephone Postage and stationery Sundries 29,593 26,410 1.293 1.226 680 820 28,950 25,151 1,471 1,445 951 1,924 ¥ li Consultants Travel and subsistence Recruitment Staff welfare Training Repairs and maintenance Bank charges Exchange rate variance Subscriptions and memberships IT costs Legal and professional 18,828 3.600 387 421 1,503 170 91 166 1,301 7,548 17,495 3,544 475 1,251 432 144 40 {327) 1,415 10,074 95,515 Governance co8t8 2024 Core support costs 2023 Total activities Auditors, remuneration AUDITORS. REMUNERATION 2024 2023 Fee payable to the charity's auditor for the audit of the charity's annual accounts All taxation advisory services not included above All non-audit services not included above 4,183 3,239 Page 23 continued... SAMPAD {soirfH ASIAN ARTS DEVELOPMENTI NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru8tee8' expenses £14.00 (2023.. £34.00) was paid to the Chair of Trustees for expenses during the year. 10. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 223.540 16.112 208,298 17,620 248 230 233 319 The average monthly number of employees during the year was as follows: 2024 2023 Core operations Administration The number of employees whosé employ8e benefits (excluding employer pension costs) exceeded £60.000 was: 2024 2023 £60.001- £70.000 The total amounl of remuneration received by key managemenl personnel (including employer pension and national insurance contributions) is £119,523 (2023: £117,865). The charity considers its key management personnel comprises of 2 individuals (2022.. 2). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund5 Total funds INCOME AND ENDOWMENTS FROM Donations and grants 275.125 51,978 327,103 Charltable acllvltles Charitable activities 127,119 99,519 226,638 Investment income 5.234 5,234 Total 407.478 151,497 558.975 EXPENDITURE ON Raising funds 28,950 28.950 Page 24 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - contlnued for th• year ended 31 March 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricled Reslricted funds funds Total funds Charitable activltles Project costs Marketing Core support costs 181,985 56,668 98,754 162,683 344,688 56,668 Total 366 357 162 683 529.040 NET INCOMEI(EXPENDITURE> 41,121 (11,186) 29,935 RECONCILIATION OF FUNDS Tolal funds brought forward 424,246 58,347 482,593 TOTAL FUNDS CARRIED FORWARD 465 367 512 528 12. TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Computer equipment Totals COST At 1 April 2023 and 31 March 2024 386 11,887 DEPRECIATION At 14)ril 2023 and 31 March 2024 386 6,747 11.887 NET BOOK VALUE At 31 March 2024 At 31 March 2023 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income 1,067 1,441 15,081 2,508 16,932 Page 25 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2024 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals and deferred income Accrued expenses 5,755 32,994 67,681 9,791 92,503 106,430 115,367 Deferred Income 2024 2023 Deferred income at 1 st April 2023 Resources deferred during the year Amounts released from previous periods 92,503 32,994 (92,503) 144,640 92,503 (144.6401 Deferred income at 31 st March 2024 Deferred income is in respect of cash received during the year for projects taking place post-year end. Page 26 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2024 15. MOVEMENT IN FUNDS Net movement in funds Transfers be￿een funds At 31.3.24 At 1.4.23 Unrestylcted funds General fund Fundraising & Development Artists development Partnership development Staff development Learning Officer Music projects Digital projects Bursaries programme Sakhsi {Women> Heritage projects 2022-25 Age {UMAR) 2022-25 Bangla 50 Succession Strategy Programme & Festival Development Training (Staff & Artists) Learning Website Capital Items 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 39.925 (15,488) {4,652) (18,281) {3,508} {1,821) {10,000> (5,000) (20.000> (14.550> (10.000) (10,000) (10,000) (6,542) (5,000) 49,842 25,000 40,000 15,000 319,000 20,000 (5,000) {1.450) 25,000 49,842 25,000 40,000 15,000 465.367 33,475 498, 842 Restrlcted funds BCC - International Dance Development Uni Birmingham - International Dance Development BCC - Trainee Assistant Producer Baring Foundation Inclusive Communitl8S Associate Schools Scheme 2,485 (945) 1,540 2.500 9.922 32.254 2,500 (9,922) (11,952) 61.954 24.251 20,302 61,954 110,547 TOTAL FUNDS 512 528 609 389 Page 27 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT NOTES TO THE FINANCIAL STATEMENTS - continued for thè year ended 31 March 2024 15. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestrlcted fund8 General fund Learning Officer Bursaries programme 381,092 (341,167) (5.000) 39.925 (5,000) 381.092 (347,617) 33,475 Restrlcted funds BCC - International Dance Development National Loltery Heritage Fund Bimingham & Solihull Mental Health Foundation Trust BCC - Trainee Assistant Producer Baring Foundation Dance Hub Inclusive Communities Associate Schools Scheme (945) (41,666) {945) 41,666 45,004 {45,004) (9,922) (11,952) {28,544) (55.754) 26 697) (9,922) (11,952) 28,544 117,708 61.954 283 870 220 484) TOTAL FUNDS 664 962 568.101) Page 28 conlinued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds 2022-2023 Net movement in funds At 31.3.23 At 1.4.22 Unrestrlclfjd funds General fund Fundraisinglmatch funding Artists development Partnership development IT and technical upgrade Website upgrade staff development Learning Officer Music projecls 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 50,397 294,563 24,652 18,281 3,508 (506) (2,009) (1,761) 1.821 15,000 5,000 20,000 16,000 10,000 10,000 10,000 6,542 30,000 (5,000) 424,246 41,121 465,367 Re8trictsd fund8 Uni Birmingham- International Dance Development BCC - International Dance Developmenl Birmingham & Solihull Mental Health Foundation Trust WM Cadbury Trust Cole Trust BCC Trainee Assistant Producer Birmingham City Council - No Bond So Strong Baring Foundation 2,500 2.485 2,500 2.485 574 257 2,000 (574) (257) (2,000) 9,922 9,922 10,551 39,980 (10,551> 32,254 11,186) TOTAL FUNDS 482,593 512,528 Page 29 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2024 15. MOVEMENT IN FUNDS - contlnued Comparatlves for movemont in funds 2022-2023 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund Artists development IT and technical upgrade Website upgrade Learning Officer 407.478 {357,081) (506} (2,009) (1,761) 5,000) 50,397 (506) (2,009) (1,7611 407.478 (366,357) 41,121 Rostrlcted funds National Lottery Heritage Fund Birmingham & Solihull Mental Health Foundation Trusl WM Cadbury Trust Cole Trust BCC - Trainee Assistant Producer Birmingham City Council - No Bond So Strong MAC (Charity) - Celebrating Age Baring Foundation Dance Hub Barrow in Furness Festival 42.378 (42,378> 71.382 (71,956) (257) (2,000) (78) (574) (257) (2.000) 9,922 10,000 <10,551) (1,942) {10,066) (8,961) (10,551) 1,942 2,340 8,961 17,726) 151497 162 683 11186) TOTAL FUNDS 558 975 529 040) Pur f Rgstricted Fundy Heart of England - Incluslve Communllles The grant was awarded to the Bedlam Partnership (Funds held by Sampad) for activities in 2024 and 2025. The partnership includes a¢livities by the 8imingham Rep, mac. Red Earth Collective and Sampad. The money was received in late March 2024. BCC International Dance Development and Univorslty of Blrmlngham Dance Development Supporting devèlopmental work beiween Birmingham and India. Tho Cole Trust, John Feeney Trust and Foyle Foundatlon To Support the Sampad Associale Schools and Leaming Programmè. Baring Foundatlon The grant was received in 2021-22 for the Create and change project. Workshops have been taking place al the Dolphin Women's centre and will continue in 2024-5. Page 30 conlinued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS _ cont5nued for th8 yéar ond8d 31 March 2024 15. MOVEMENT IN FUNDS- contlnued Pur 08e of Desl nated Funds Programme & Festlval Development This fund will enable Sampad to invest in key strategic projects and co-commissions with regional, national and international partners. Training (Staff & Artists) To support Sampad to retsin and support its core team through enabling them to take up training and development opportunities. To support the professional developmenl aspirations of artists through bursaries, skills dev8lopment and training. Fundralsing & Development This fund enables Sampad to develop new arts & heritage projects that help to deliver the organisation mission by injecting partnership funding into key long term strategic fundraising bids and support additional fundraising resource to support the team. Learnlng Building on the success of Sampad's education & learning programme for children and young people, this fund enables us to build on these foundations in order to lever in additional funding. Webslte In an ever-evolving digital landscape, this fund will enable Sampad to relaunch the webslte in the next 3 years supporting the adoption of any cutting-edge features that enhance user experience and keep the website relevant. Succè8slon Stratsgy This fund will release funds to expbre the succession stralegy for Sampad's Artistic Director position, Capltal Items To enable the organisation to update and replace equipment. Artist developmen( Artlst Support & Devèlopment To support the professional development aspirations of artists through skills development and training. This fund May also be used as investment funding to support artists to lever in funding for their own projécts- similar to co-commissioning. Staff development To update staff awareness, knowledge and capacity around the theme5 of fundraising, education, community health, diversity, digital technology. HR and Legal. National and international partner8hlp development To establish new national partners with an international reputalion. and international partners for Ihe benefit of artists (iMpo￿expOrt). This will also be used as investment towards the development of joint international projects. Learnlng Manager A part-time Learning Manager was appointed in July 2022 and delivers the A550ciated Schools Scheme and Learning programme. Music Projects & Digital Projects These designaled funds will specifically SUPFX)rt developing new projec15 in music and digital with regional, nalional and international artists. Page 31 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024 15. MOVEMENT IN FUNDS - continued Bursarle8 Programme As part of Sampad'5 business plan from 2022-25 the organisation will award 3 annual bursaries to emerging. MKI career & digital South Asian artists to develop new projects. Sakshi