REGISTERED COMPANY NUMBER: 04146042 (England and Wales) REGISTERED CHARITY NUMBER.. 1088995 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Lu¢kmans Duckett Parker Limited 1110 Elliott Court Covenlry Business Park Herald Avenue Coventry Wesl Midlands CV5 6UB SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Page Report of the Trustoes Report of the Independent Auditors 10 to 13 Statement of Financial Aclivilies 14 Balance Sheet 15 Cash Flow Statement 16 Notes to the Cash Flow Statement 17 Notès to tho Financial Statements 18 to 29 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with Ihe financial slatemenls of the charity for the year ended 31 March 2025. The trustees have adopled the provisions of Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable lo charities preparing their accounts in accordance with Ihe Financial Rèporting Standard applicable in the UK and Republ￿ of Ireland {FRS 102) (effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Sampad exists to slimulale cultural leaming through different art-forms inspired by Soulh Asian tradltlons lo 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 V￿rkIng in partnership with venues. and provide specialist marketing and audience development expertise provido inclusive participatory arts learning experien￿￿. working partlcularly wilh hard-to-reach sections of the community and intergenerational groups, and betler meéting the needs of schools to provide a greater depth of learning experiences for young people Dèvelop Sampad as an exemplar Ofganisallon for South Asian and Intercultural arts development, parllcularly through leadership and professional d8velopmenl for arts praclilion8rs, and young people, in cultural leadershlp roles. act as a catalyst in providing professional employmenl opportunities for artists who contribute bolh lo sodal and economlc w811-being Increase the profile of British Asian artists worldwide through internalicJn81 parlnershlps which also attract outside funding, employment opportunilies for artists. new markets and audiences str8nglh8nir)g Sampad's Irack record The company 8chleves these objectives by working across the areas of: Performance, exhibition and learning programmes Training opp¢Jtunilies Inlern8llon81 devèlopment and parlnerships One of Sarnpad's unlque strenglhs continues to be Its long-lerm relationship with South Asian arts audiences. Our core audiences span the full South Asian demographic spectrum. and over the ¢ourse of more than 33 years this has18é lo a deep understanding of the past, present and developing composillon and behavlours of these audiences, as well as the nature of the artisticlcullural conlent to which thay are Sikely to respond. Publlc benefit The trustees confirm Ihal.. In Ihe exercise of their powers as charity Irustees, they have had due regard to the published guidance from the Charity Commlssion on th8 operation of tha public benefit requiremont and the aims of the charity are carried oul for the public benefit. Page 1 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Charltable aclivities Sampad's Programme 2024.25 Performances & Commisslons Pro ramme Our highly successful perfomance programme continued in Ihis year. Midday Mantra, our regular series of events delivered in partnership wilh B'.Music saw strong attendancè. with an average of 66Vo of tickets sold. Building on this w8 developed a partnership with Zindiya. an Indian street food restaurant to offer a music performance in combinalion with dinner which worked successfully. and wa arè exploring other commercial partnershlps for 2025-26 as a way of attracting wider audiences and supporting artisls. Our partnershlp with Warwlckshire County Cricket Club at Edgbaslon Stadium continued with an invitation to be part of their Family Fun Day. This year, we programmed a mehndi art isl and diya lamp painting workshops. Aslan Spring 2025 celebraled the 18lent of hundreds of Ioc81 dancers. who dedicate countless hours lo perlecling their performances. The $l￿W¢aSe features a wide range of styles. from classical forms like Kathak and Bharata nalyam to contempcffary slyles such as Bollywood. Our Chal & Chat series conts'nued wilh events at Midlands Arts Centre, The Heath Bookshop and The University of 81 rmingham Exchange. Dlwall 2024 was ¢elebrated across two evenls. We held a special Midday Mantra - D￿811 celebralion whlch included the renowned front man of Bhangra group DCS. Shin Parwana accompanled by piano and joined on vocals by Prlli Kaur. The altendance at Ihis event was 76.5¥0. The seccffid event we organised lo celebrate DiwalS was 'Ujala', a collaboration with The University of Bimiingham at Th& Exchange. This was a free evénl for families lo expertence South Asian dance. music. poetry, and craft workshops with a lotal audience of 347, This project involved the learning team who arranged for a craft artists to work wllh 192 Ghlldren In schools to design garlands that vlere displayed al Ihe event. Bedlam 2024 BEDLAM 2024 From April December, Sampad and felluw BEDLAM partners The Birmingham R8P, Midlands Arts Centre and Red Earth Collective ran a comprehensive communlty programme engaging local residenls in arts and wellbèing activities. This was funded by a large grant of £196.000 from Inclusive Communllles Fund (Ihrough Ihe Heart of England Foundation). - Sampad's programmes were Gel Creative; Lel's Dance and The Pride Face Prolect o Gel Craative Wé eslablished relationships with Birmingham MIND and Living Well Consortium to d81iv8r artist led workshops al their Hubs. The groups collectively created pl¢￿S for the BEDLAM Showcase. o Let's Danca - We offered weekly dance and movement sessions al six locations for a range of participants including South Asian elders and others in the community. Sessions were co-led by South Aslan dan¢e practitioners. Th8 workshops featured movemenls Irom Bharatanatyam, Bhangra. Kalhak. and Bollywood, and were tailored lo accommodate different abilities and needs. o The Pride Face Project We built on the foundalions from prev*)us years to develop an extended prole¢l focused on identity, incorporating new elements such as the creation of a soundscape, projection, and Queermap. This projeGt was developed wllaboralively wilh Ihe members and presenled al the BEDLAM Showcase. The project culminated in the BEDLAM Showcase evenl in November 2024 wilh an accompanylng exhibltion which ran from November 2024 - January 2025 al the Library of Bimiingham. Sampad Associated Schools This continues to be the koy part of our learning programme for children and young people, This year, 24 artists delivered 130 days of workshops, perfoimances and activities in schools,. 2784 children participated in workshops; 2014 young people were audiences for our programmes in schools; we a150 delivered 6 teacher CPD days. Engagernenl with schools conlinues to be overwhelmingly positive and we are now developing longer term plans for how to continue to build SAS. Page 2 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 Our Learning programme continues to offer City of Empire to City of Diversily: A Visual Journey schools exhibition across the city- the 'My Journey My Birmingham, Theatre in Educalion piece, focusing on the collection and aiming to deepen the ihinking of Iha children and explore som@ of th8 challenges and opportunities of migration to the UK in the laller part of the 201h Century has proved popular with Associate Schools. This yaar our offer included Musician Assemblies along wilh a very well received 'Meet Ihe Cr8aliva' Careers Talk for Year 6., Bollywood and Bhangra Flashmobs along with Islamic Art Workshops proved our most popular workshops this year. 'Spiril of Lighv our Diwali schools, pèrformance also rètoured and was booked by 8 schools. We have also ¢ontinued to invesl in artists running a further 2￿aY development programme which 15 emerging and mid-career artists attended. This looked at facilitation. planning for difference groups. working with care Experienced CYP and in Special Schools. l Havo a Dream We worked with the PKF foundation Ilndia) to create a new book of yourKJ people's writing showcasing 100 young people in India and 100 young people from the Wesl Midlands. The .1 have a Dream, competition had a great response bolh in the UK and in India and the book is now published and is being launched both In schools and al the British Library (MaylJune 2025). Women's Dolphln Centre - Creaie & Change ThSs has become an established part of our arts and wellbeing offef - currenlly supported by fundlng from The Baring Foundation. Worklng in partnérship with the Dolphin Centre. Sampad offers weekly craativity sessions for women run on a lemily basis with a different 18ad artist each t8mi. Both Ih8S8 W88kly sessions and the half term family activily is very popular. . Centre for Advanced Dance Tralnlng - Yuva Gatl Sampad's flagship programme for young people Yuva Gati (youth movement) continued in partnership with FABRIC. Yuva Gati is part of the Centre for Advanced Dance Training funded by Departm&nt for Education. Training and supporting the development of the next generation of South Asian dance artists. it 15 a crilical part of the sustainability of the South Asian dance sector in England. Funding cuts from DFSS is reducing our ¢8pacily lo offer training bursaries for means tested students and we a￿ revising the course offer lo scope other support. Creating the Workforce for Ihe Future - Internshlps W& recognise that disappolnllngly there contlnues to be an under represenlallon of black and Aslan people working in the arts and heritage sectors. Sampad plays ils parl in developing this talent for Ihe sector as a whole and so we continue to deliver opportunities lo train young people wishing lo start and develop a care8r in the arts and heritage sectors. In 2024-25 we had 3 inlerns from University of Birmingham supporting our summer programming for children and young people. We also supportad two early career artists with a programme of shadowing and supporting more experienced artists and members of the learning team on projects. Pa￿3 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Fundraising activities Sampad continues to be part of Arts Council England's National Portfdio for Ihe period of 2023-26 which gives us a good foundation for our core costs. However, during the 23-24 financial year Binningham City Council served a Section 114 Notice, in effecl ￿￿anIng that their exper)dilure is higher Ihan Iheir income. Although we received our full grant of £19, 731 for 2023-24, this was cul by 500/0 for 2024-25 and from 2025-26 will be cul by 1000k. This impacts on our community and leaming programmes and will require us lo invest further resource in fundraising in order lo bridge this gap but also to raise further funds for our ambitious plans for Ihe future. On 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 with The Bimiingham REP, Midlands Arts Centre and Red Earth Collective. we were avKrded £196.180. (See below for Future Plans). Plans for 2025-26 We wlll conllnue lo bulld on the strong foundaticms laid by the first year of Sampad Associate Schools through building connections with new schools. Iraining artisls to work in school setllngs and running a Summer School programme. - Our performance programme will seek to thrill. delight and educate aLMliences across a range of venuas and in partnership with other organisations across the region. Continu6 to work with partners to programme a rang& of evènts for audience across the city and beyond Includlng 8.'Musi¢, Sandwell Hospital, Solihull 8orou9h Council and Birmingham Conservatoire. We wlll work in partnership with Midlands Arts Centre on Sari Stories and Midsummer Masti. Sari Stories will be an exhibition that aims to sharè joyful and moving r￿ectionS on the sari, submilled by members of the public through an open call across the Midlands this accompanies The Offbeat Sari exhibition in the main gallery. Midsummer Masti will invita audiences to an evening of dance, live music and festivities as part of MAC'S Sari Summer season. Thanks to fundlng from The Big Give and Small Steps Charity and support ffom the Living Well Consortium, our project Let's Danc8 will run through 2025 - 26 offering older p80pl8 an opportunily to take parl in South Asian movement and dance workshops lo benefit bolh Iheir physical and mental health. FINANCIAL REVIEW Flnancial posilion The charilable company has &￿tInued lo work hard at its fundraising efforts. seeklng new funding opportunities where possible. It continues to gratefully receive revenue from ils princlpal funder Arts Council of England. and will conlinue lo work hard lo ensure Iheir priorities and goals are fully mel. Thls support provides the charitable company with a stable base from which additional fundraising can be achigv8d. Th8 charitable company receives funds to be spent on proigcts in fulfilmenl of ils charitable objectives, Artistic success is the most important measure of its performance, but in financial terms it aims lo cover its core running and administration costs and mak8 neither surplus or daficit whilst allowing for unexpected costs or events. Reserves policy The Sampad Board has considered the guidance published by tho Charity Commission in respect to rOSe￿OS and feel it prudent lo maintain a level of reserves both to supporl the ongoing activities of Ihe charilab18 company and to establish a buffer against any decrease in income. The Board has therefore set a policy Ihal the reserves targel should be be￿een three and six month's operating expenses. As at 31st March 2025, the free reseTves of the charilable company, that is those general unrestricted reserves not invested in fixed assets. were £327,532 (2024: £319,000) (note 16). In addition to this, the Sampad Board has set aside designaled funds of £179,842 (2024.. £179,842) {nole 16) tovRrds specific expenditure to support Sampad's business plan. Page 4 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for thè year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documenl The organisalion is a charitable company limiled by guaranlee. incorporated on 23 January 2001. It was registered as a charity in 2001. The company was established under a Memorandum of Association which established the objects and powers of the charilable company and is govemed under ils Articles of Association. Structure and Management The charitable company has a board of Truslees, who are directors for Ihe purpose of company law, who are sponslble for Ihe strategic and policy dècisions and in supervising th8 processas of applying for funding, carrylng out projecls and completing assessment and retums. The board meet at least quarterly. bul board members are kepl advised of issues in the interim months. The day lo day responsibility for carrying out activities, Ma￿ng funding applications and devising pollcies. strategies or aclivilies for the board to consider re51s with the paid artistic dlraclor and staff. Recrultment and appolntment of new trustees Members of the board will be selected on the basis of Iheir working expertise and experience, 8ndlor their background and other experien¢es and skills. The board as a whole will aim lo r8flecl th8 broad makeup and cultural diversity of Birmingham and the Wesl Midlands. As a general rule, there should be a relationship beiween the Charitable company and a person proposed for board memb8rshlp. Tho person proposed should know something of Sampad's work. The criterion does not apply lo people offering 5pecifiG Skills. The time limits for membership laid dc)wn in the rnnstilulion should b8 applled consciously, rather than renew81 occurrlng aulomall¢ally. There should be a provislon for new members to be brought in for a fixed term of three years in Ihe tlrst instance, with the possibility of extension lo full membership after review. Co-optlons for sp8clfic projects or developments are already lald down in the conslilullon. In applylng there crllerla, Sampad will lake a pro-aclfve approath in fully operating it5 policy of equal opportunities, All proposed new members must be provided wtlh an inductSon pack and have a formal discussion with a member of the charitable company's staff before their final approval by Ihe board. These guidellnes run alongside the terms of Sampad's Articles of Association. Page 5 SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 202S STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure Finance, General Purpose and Personnel Sub-committee Niti Pall Nashaima Sheikh Jon Coane Barry Matthews (Treasurer & Secreiay) Artlstic and Education Sub-committee Gurdip Bhangoo Emma Margelson Satnam Rana-Grindley Paresh Solanki Shamima Akhtar Honorary Membgrs (non-voting) Elaine Benbow Jane Lutz Sampad Staff Piali Ray Sabra Khan Rlchard Bywater James Vegnuti Gillian Twaile Naomi Awre Harriet Smith Diredor Executlve Director Programmes and Markellng Asslslanl Projects and Programme Co-ordinator Leaming Manager Leaming Officer Markèting and Communlcalions Manager (on Sabbatical from 1st February 2025) Marf(eting and Communications Manager (appointed 27th January 2025) Hayley Salter Placements - From Univorsity of Birnilngham Paije Hodgkiss Rhiddi Tank Beenash Israr Rlsk management The Irusleas hav8 a rlsk managemenl strategy which comprises: a 6 monthly r8vi8w of the principal risks and uncertainties that the Charity face: the establishmenl of policies, systems and procedures to mitigate those risks identified in the annual review.. and the implementation of prO￿dureS designed to minimise or manage any polenlial impact on Ihe charity should those risks matorialis8. This work has identified that financial sustainabilily is the major financial risk for thè charity. A key elemenl in the management of financial risk is a regular review of available liquid funds lo settle debts as they fall due, regular liaison with tha bank, and active management of trade debtors and creditors balances lo ensure sufficient working capital. Attention has also been focussed on non-financial risks arising from fire. health and safety of artist5 and audience, and management of performing rights. These risks are managed by having robust policies and proceduros in place. and regular avmreness training for staff. Page 6 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND hlANAGEMENT Pay pollcy for senior slaff The truslees ¢onsider the board of Iruslees and the Sen1￿ management team wmpri5e the key management personnel of the charity in charge of direcllng and controlling, running and operating the charity on a day to day basi5. Al trustees give of their lime freely and no Irustee received rernuneration in the year. Details of Irustees. expenses and related party transactions are disclosed in note 12 to the accounts. The pay of the staff is raviawed annually and nonnally increased in accordance with cost of living increases. REFERENCE AND ADMINISTRATIVE DETAILS R8gistered Company number 04146042 (England and Wales) Reglsterad Charily number 1088995 Reglstèrod office Clo Mac Cannon Hill Park Edgbaslon Birmlngham West Midlands B129QH Trustees Gurdip 8hangoo Jon Coane Delia Garralt (resigned 18.11.24) lan Grosv8nor (resigned 18.11.24) Emma Margelson 8arry Matthews Salnam Rana-Grindley Nasheima Sheikh Paresh Solanki Vice Chair Nili Pall Chair Shamima Akhtar lappolnted 18.11.24) Company Secretary Bary Matth8WS Audilors Luckmans Ducketl Parl(er Limited 1110 Elliott Court Coventry Business Park Herald Av&nu8 Coventry Wast Midlands CV5 6UB Pagè 7 SAMPAD (SOUTH ASIAN ARTS OEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Lloyds 142 Edgbaston Park Roa(S Birmingham B152TY The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT CCLA Investment Management 80 Cheapside London EC2V 6DZ Cambridge & Counlles Bank Charnwood Court New Walk Leicester LE16TE Hampshire Trust Bank 55 Bishopga18 London EC2N 3AS Aldermore Bank Apex Plaza Forby Road Reading RG11AX The Charily Bank Fosse House 182 High Street Tonbridge TN9 1BE STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Sampad (South Asian Arts Davelopmenll for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statement5 in accordance with applicable law and Unit￿1 Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Irustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the tharitable company for thal period. In preparing those financial statements, the trustees are required to Select suitable accounting policies and then apply them consislentty: observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudenl- prepare the financial slalements on the going GOn￿M basis unless il is inappropriate to presume Ihat the charitable company will continue in business. Page 8 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) REPORT OF THE TRUSTEES for the year ended 31 March 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued The trustees are responsible lor keeping proper accounting records which disclos& with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial slalemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audil information ol which the charitable companys auditors are unaware; and the trustees have taken all steps that they oughl lo have taken lo make Ihemselves aware of any relevant audit information and to establish that Ihe auditors are aware of thal infom)alion. AUDITORS The auditors, Luckmans Duckett Parker Limited. will be proposed for re-appoinlmenl at the forthcoming Annual Ganeral Meating. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of Iruslees on r7.1rf..ry.MrfAMOA..2olC.. and signed on its behalf by.. Barry Matthews - Trustee Page 9 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Oplnlon We have audited the financial statemenls of Sampad (South Asian Arls Development) {thÈ 'ch8rit8ble company.) for the year ended 31 March 2025 which comprise the Slatemenl of Financial Activities, the Balance Sheet, th8 Cash Flow Statement and notes to the financial stalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounling Standards (Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stale of the chariiable company's affairs as al 31 March 2025 and of Sts incoming resources and application of resources. includlng its income and expenditure. for Ihe year then ended; have been properly prepared in accorda￿6 with United Kingdom Genèralty A￿pted Accounting Practice,. and have been prepared in accordance with th8 requirements of thé Companies Act 2006. Basis for opinion We conducted our audil in accordance wilh International Slandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responslbllllles under those standards are further described in the Auditors, responsibilities for the audit of the financial slalemenls section of our report. We ara indapandent of the charitable company in accordance wilh the ethical requirements that are relevant to our audit of the financial statements in th8 UK, including the FRC'S Elhical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We beli8ve that thè audil avidence we have oblained Is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the tlnanclal slalemenls, we have concluded that the trustees, use of the going concem basis of accounting In the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have nol idenlified any materlal unc8rtaln118s relating to evènts or conditions that. Individually or collectively. may ¢asl significant doubt on the ¢harilable company's abillly to continue as a going CC>ncem for a period of al least twelve months from when the financial stat8m8nls are aulhorised for issue. Our responsibilitie5 and the responsibilities ol the Iruslees with respecl to golng conc8m are described in th8 relevant sections of this report. other Informatlon The Iruslees are responslble for the other information. The other informalion comprises the information included in the Annual Report, other Ihan the financial slalemenls and our Repori of the Independent Auditors thereon. Our opinion on the financial statements does not COV8r the olher information and, except lo the exlent olherwi5e explicitly staled in our report, we do not express any form of assurance condusion Ihereon. In GonneGlion with our audit of the financial slalements. our responsibility is to read the other informatlon and, in doing so. consider whether the other informalion is materlally inconsistent wilh Ihe financial slatemenls or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we identify such material inconsistoncies or apparent material misstalemenls, we are required to delermine whalher this gives rise to a rnaterial misslatemenl in the financial slatemenls themselves. If, based on the work we have performed, we conclude that thera is a material misstalement of Ihis olher information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of Ihe audit: the information given in the Report of the Truslees for the financial year for which Ihe financial slatements are prepared is consistent wilh the financial statements. and the Report of the Trustees has been prepared in accordance wilh applicable legal requirements. Page 10 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) Malters on which w8 are required to report by exception In the light of the knowledge and understanding ol the chariiable company and ils environmanl obtained in the course of the audit, we have not identifted malerial misslatemenls in Ihe Rep(xi of the Trustees. We havo 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 retums adequate for wr audit have not been received from branches not visited by us" ( the financial statements are not in agreement wilh the accounting records and returns., or certain disclosures of trustees. remuneralion specifled by law ar8 nol made., or we have not received all the information and explanations we require for OUT audit. or the trustees were not entitled lo take advantage of Ihé small companies exemption from Ihe requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responslbllllles of trustees A5 explained more fully in th8 Statement of Trust8es' Responsibilities, Ihe trusteès (who are also the directors of the charilable company for Ihe purp059s of company law) are responsible for Ihe preparation of th8 financial slalements and for b8ing satisfied that they give a true and fair viaw, and for such internal control as the trustees determine is necessary to enable the preparation of financial statem8nts that are free from materlal mlsstatem8nt, whether du8 to fraud or erTOr. In preparing the financial slatemenls, the Iwslees are ￿SpOnSIb￿ for assessing the ohantable company's abillly to continue as a going concem, disclosing, as applicab18, mallers r81ated to going conGem and uslng the golng concern basis of accounting unless the trusiees eilher intend lo liquidate Ihe charitable company or to cease opeTalions, or have no realislic alternalive but lo do so. Page11 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT> Our rèsponslbilltiès for the audit of the financial statements Our objectives are to obtain reasonable assurance about wh8th8r tha financial statements as a wholè arè free from malerial mi55talement, whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a htgh level of assurance, bul is not a guarante8 that an audil conducted in a¢Gordance with ISAS (UK) will always detect a material misstatement when it exists. Misslalements can arise from fraud or error and are considered material if. individually or in tho aggr8gale, Ihey could reasonably be expected to Influen￿ the ￿onoMiC decisions of users taken on th& basis of these financial statements. The extent to whKh our procedures are capable of detecting irregularities. including fraud is delailed below- Enquirlng of management and employees. including obtaining and reviewing supporting documenlation, conceming the charity's policies and procédures ralaling lo:_ Identifying. 8valuating. and complying with baws and regulations and whether they We￿ aware of any instances of non-cornpliance. Detecting and responding lo risks of fraud and whélhw they wère aware of any actual. suspecled, or alleged fraud and. The intemal Controls established to mitigate risk relatlng io fraud or non-compliance with laws and regulation5. We Identified 8reas of law and regulation that could reasonably be 8XP8cl8d to have a material 8ff8Ct on th8 financial statements from our general commercial and sector experience, discussions wilh managemenl (as required by audlting standards) and discussed with management the policies and procedures regaiding complianc8 with laws and regulations. All identified law5 and regulations were communicated Ihroughoul the audlt team, 8nd Ihey remain8d al8rt 10 any indlcallons of non-complian￿ throughout the audit. The most significant consideratlons for the charitable company were as lollows',- The Charity is subject to laws and regulations that affect the financial statements which Include financial reporting leglslalion (namely The Companies Act 2006), taxation legislation and the Charities Act. We assessed Iha extent of compliance with these laws and regulations as part of our audit procedures conceming items recorded in the financial statements. The charity is also subject to olher op8ralional laws and regulatlons wh8ra the cons8qu8nc8s 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 hoalth and safety, Brlbery Act 2010, employmenl law. data prolections and child protection legislation IDBS checks for slaff and volunteers). Auditing standards Ilmlt the audil procedures to identifying non-compliance of these laws and regulations lo enquiry of managemenl and inspection of regulatory and legal corr8spondence, If there is any. Therefore, If a breach of operational regulations is not disclosed to us or evident from relevant correspondence, and audit will not delect tho br&ach. To id8nlify risk of material misslatement due lo fraud. we carried out discussions amongst the audil team lo assess areas where and how fraud might occur in the financial slatemenls and any potential Indicators. The following areas wer& identified Management override ol controls through the posting of inappropriate accounling entries or joumals We do not believe Ihere is a fraud risk relating the revenue re¢ognilion as ihe revenue is straightforward, with limited opportunily for manipulation. We did not identify any additional fraud risks. We lested Ihe apprapriateness of accounting pumals and Oth￿ adjuslments made in the accounts preparation based on a iisk criteria. Page 12 REPORT OF THE INDEPENDENT AUDrroRS 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 detected some material misstatements, èven though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance wilh laws and regulation is from the events and transaction reflected in the financial statement, the less likely in the inherently limited procedure required by auditing standards would identify it. In addition. as with any audit. ther8 remained a higher risk of non-delection of fraud, as these may involve collusion, forgery. intentional omissions, misrepresenlations, 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 with all laws and regulations. A further description of our responsibilities for the audit of the financial statemenls is located on the Financial Reporting Council's websile al www.frc.org.ukJauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made soldy to the charilable company's members. as a body, In accordance with Chapler 3 of Part 16 of the Companies A¢1 2006. Our audit work has be8n undertaken so thal we might stale lo Iha 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 exlent permilled by law. we do not accept or assume responsibilily to anyone other than the charitable company and the charitable company's members as a b(yJy, for our audil work, for this report, or for the opinions we have formed. Mark Spafford A FCCA (Senior Statutory Auditor) for and on behalf of Luckmans Duckett Parker Limited 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB Page 13 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) STATEMENT OF FINANCIAL ACTIVITIES for Ihe year ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Reslricled funds Notes INCOME AND ENDOWMENTS FROM D¢)nalions and granls 258,260 78,471 336,731 475,449 Charltable aclivit16S Charitable activities 50,893 48,219 99,112 176,163 Investment income 18,667 18,668 13.350 Total 327,820 126.691 454,511 664,962 EXPENDITURE ON Raising funds 30,976 30,976 2g.593 Charitable activities Prole¢l ¢0st5 Marketing Core support costs 123,323 57.813 107,176 208,227 331,550 57,813 107,176 389,460 49.748 99,300 Total 319,288 208,227 527,515 568,101 NET INCOMEIIEXPENDITURE) 8,532 (81.536) {73,004) 96,861 RECONCILIATION OF FUNDS Total funds brought forward 498,842 110.547 609,389 512,528 TOTAL FUNDS CARRIED FORWARD 507.374 29,011 536.385 609,389 The notès forni part of these financial statements Pago 14 SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) BALANCE SHEET 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors Cash at bank and in hand 13 11,762 563,064 11,762 592.075 2,508 713,311 29,011 574,826 29,011 603,837 715.819 CREDITORS Amounts falling due within one year 14 (67,452) {67,452) (106,430) NET CURRENT ASSETS 507.374 29.011 536,385 609,389 TOTAL ASSETS LESS CURRENT LIABILITIES 507.374 29.011 536,385 609,389 NET ASSETS 507,374 29,011 536,385 609,389 FUNDS Unrestricted funds Restrlcled funds 15 507.374 29,011 498,842 110,547 TOTAL FUNDS 536.385 609,389 These financial statements have been prepared in accordance with the provisions appllcabl8 to charitable companies subje¢l to the small companies regim8. The flnanclal statements were approved by the Board of Truslees and authorised for Issue on l.7.7rf..N.4￿.I 24)if...... and were signed on ils behalf by: Barry Matthews - Trustee The notes form part of these financial slatements Page 15 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT} CASH FLOW STATEMENT for Ihe year ended 31 March 2025 2025 2024 Notes Cash flows from operating activilies Cash generated from operations (139.904) 88.998 Net cash (used inyprovided by operating activilies (139.904) 88,998 Cash flows from investing activities Interest received 18.668 13,350 Net cash provided by investing activities 18.668 13,350 Change in cash and cash equlvalents in the reportlng perlod Cash and cash equivalents at the beginning of the reporting period {121,236) 102,348 713.311 610,963 Cash and cash equlvalent$ at the end of the reporting period 592.075 713,311 The noies form part of Ihèse financial statemants Page 16 SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE CASH FLOW STATEMENT for the year ended 31 March 2025 RECONCILIATION OF NET {EXPENDITUREWNCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net (expenditure)Ilncome for the reporting period {as per the Slatement of Financial Actlvltles) Adjustments for: Interesl received (Increaseydecr8ase in debtors Decrease in credltors (73.004) 96,861 (18,668) Ig.2531 (38,979) (13,350) 14,424 (8,937) Net cash (used In)Iprovlded by operations (139,904) 88,998 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash al bank and in hand 713,311 (121.236) 592,075 713,311 (121,236> 592,075 Tolal 713,311 (121.236) 592,075 The notes form part of these financial statements Page 17 SAMPAD ISOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS for the yèar ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statemenls The finar7cial statements of th8 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 Charilies: Stalemenl of ReccKnmended Pr￿lIce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effeclive 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standaid applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under Ihe historical cost convention. Sampad (South Asian Arts Devdopmenl) meets the definition of a public benefit entily under FRS 102. Assats and liabililies are initially re¢ognised al historical cost or transaction value unless oth8lWIS8 stated in the relevant accounting polw. Golng Concern The financial slaternents have been prepared on a going concern basis as tha truSt￿S believè that no material uncertainties exist. The Iruslees have considered the level of funds held and the expected level of income and expenditure for 12 mnlhs from authorising these financial statements. The budgeted income and expenditurè is sufficlent wilh Ihe level of reserves for the charity to be able lo continue as a going concem. Income All Income is recognised in the Statement of FinanLial Activities onc8 th8 charily has enllllèmenl lo the lunds, it is probable that the income will be received and the amount can be measured reliably. No amount is included In th8 flnancial statements for volunteer time in line wth the SORP (FRS 102). Voluntary Income by way of grants, donations and gifts is included in full in the Statement of Financlal Acllvllles when receivable and when Ihe amounts are known with certainty and are measurable. Grants, wherè entillemenl Is nol condilional on the delivery of a specific performance by the charitable company. are recognised when It becomes uncondillonally entitled lo the granl. Incoming resource5 from grants, wher8 related lo perform8nc8 and specific d811verables, are accounted for as the Charitable company earns Ihe right to consideralion by ils perform8n¢e. WVheTe income is received In advance of performance il is treated as deferred income and included within creditors. Expendilure Liabililios are recognised as &xpendilure as soon as Ihere is a legal or wnslruclive obligation Gommitting the charity lo that expenditure, il is probable that a transfer of economic benefils will be requir8d in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost rolated to the category. Where costs cannot be direGUy attributed to particular headings Ihey have been allocaled lo activilies on a basis consistent with Ihe use of resources. Charitable expenditure comprises those costs incurred by the charilable company in the delivery of Èls activities and services for its beneficiaries. Governance costs include those costs associaled with meeling the conslitulional and statutory requirements of the charitable company and include audit fees and costs linked to the slralegiG managemant of tha charitable company. All costs are alloc81ed beiween the expendilure categories of the Statement of Financial Activiti&s on a basis designed to reflect Ihe use of Ihe resource. Costs relaling to a particular activity comprise bolh costs that can be allocaled direclly lo such aclivities and those costs of an indirect nature necessary lo support them. Page18 continued... SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025 ACCOUNTING POLICIES - contlnued Tanglble flxed assets Tanglble fixed assets costing £350 or more are capitalised and recognised when fulure economic benefits are probable and the Gost or value of the asset can be measured reliably. Tangible fixed assets are initsally recognised at cost. After recognition, under the cost model, langible fixed assets ar8 measured at cost less a¢cumulal8d 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 mèasurement of cost. Depreciation is charged so as lo allocate the cosl of langlble fixed assets less their residual value over their estimated useful lives. Deprecialion is provided on the following basis: Flxtures and fittings - 20-33% straighl line Taxation The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Flnance Act 2010 and therefore it meets the definition of a charilabl& company for UK corporatlon tax purposes. Accordingly, the charily is potentially exempt from taxallon In respe¢l of income or capital gains received within Galegories covered by Chapter 3 Part 11 of the Corporation Tax Acl 2010 or Section 256 of the Taxallon of Charg&able Gains Act 1992. to the extent thal such income or gains a￿ applled exclusively lo charitable purposes. Fund accounting Unreslricled funds can be used in accordance wlth the charitabSe objectives at Ihe dlscr8tion of the trustees. Reslrict8d funds can only be used for particular restricted purp)ses wllhln the objects of the charlty. Restrictions arise when specified by the donor or wh8n funds ar8 raised for partlcular restricted purposes. Further explanalion of the nature and purpose of each fund is included in the not8S to the financial slaternenls. Penslon costs and olhor p03t-r8tirement benefits The charitabl8 company operates a defined contribution pension scheme. Contributions payable lo th8 haritable company's pension scheme are charged to the Statement of Financial Activities in Ihe period to which Ihey relate. Interest receivable Interest on funds held on dep051t 15 included when receivable and Ihe amount can be measured reliably by the charity.. this is normally upon notification of Ihe inlerest paid or payable by the inslilullon wllh whom the funds are deposited. Debtors and credltors receivablelpayable wllhln one year Debtors and creditors wilh no slated interesl rale and receivable or payable within ona year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Cash al bank and In hand Cash at bank and in hand indudes cash and short-temi liquid investments with 2 shori maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Llabilities and provisions Pagé 19 ontinued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENn NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025 ACCOUNTING POLICIES - continued Interest recelvable Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a pasl event. it is probable that a transfer of economic benefit will bo required in settlement, and lh8 amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charily anticipates it will pay to sellle the debt or Ihe amount It has r￿1Ved as advanced paymenls for tha goods or services it must provide. Financial inslrumentS The charily only has financial assets and financial liabilities of a kind Ihat qualify as basic financial instruments. Basic financial instrumenls are initially recognised al transaction value and subsequenlly measured at their selllemenl value. Ponsions Th8 charity op8rat8s a defined conlribulion pension ￿herne and the pension charge represents the amounts payable by the Charity to the fvnd in ￿SpeCt of the year. The assets of Ihe scheme are held separately from those of the charitable company in an Independently administered fund. Contributions payable for th8 y8ar are charged In the Slalement of Flnancial Aclivilies. DONATIONS AND GRANTS 2025 2024 Grants 336,731 475,449 Grants received, includ8d In Ihe above, ar8 as folk)ws: 2025 2024 Arts Councll England Birmingham Clly Councll Cole Trust Bimiingham and Solihull Mental Health NHS Foundailon Trust Heart of England Trust (Inclusive Communities) National Lottery Heritage Fund John Feeney Charitable Trust The Foyle Foundation 248,394 9,865 248.394 19,731 5,000 8,000 117,708 41,666 4,950 30,000 78,472 336,731 475,449 Page 20 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - conlinued for the year ended 31 March 2025 INVESTMENT INCOME 2025 2024 Deposit account interesl 18,668 13,350 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Aclivity ProjeGt and performance le8S Donations Charitable aclivities Charitable activilies 99,016 96 176.052 111 99,112 176.163 RAISING FUNDS Grants and other Income 2025 2024 Staff costs 30.976 29.593 CHARITABLE ACTIVITIES COSTS Support cosls (s88 note 71 Dlrect Costs Totals Project costs Marketlng Core support costs 331.550 57.813 331,550 57,813 107,176 107,176 389,363 107.176 496,539 SUPPORT COSTS Govemance costs Other Totals Core support costs 101,591 5,585 107,176 Page 21 onlinued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - conllnued for the year ended 31 March 2025 SUPPORT COSTS - continued Support costs, included in the above. are as follows: Other 2025 Core support costs 2024 Total activitias Wages Rent and rates Insurance Telephone Postage and statlonery Sundries 30,976 27,203 1,594 1,017 389 1,679 29,593 26,410 1,293 1,226 680 820 ¥ 11 Consultants Travel and subsistence Recruitment Staff welfare Training Repairs and maintenance Bank charges Exchange rate variance Subscrlplions and membershSps IT costs Legal and professlonal 17,723 3.151 1,604 136 2,425 278 24 110 1,546 11,736 18,828 3,600 387 421 1,503 170 91 1,301 7,548 1,080 101,591 95,117 Governance costs 2025 Cor8 support costs 2024 Total activities Auditors, remunerallon 5,585 4.183 AUDITORS. REMUNERATION 2025 2024 Fee payable to the charitls auditor for the audit of the charily's annual accounts All taxation advisory services not included above All non-audit sarvices not included above 5,585 4.183 Page 22 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - conllnued for the year ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratioy) or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses £NIL (2024: £14.00) was paid to the Chair of Trustees for expenses during the year. 10. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 218,895 21,985 8,863 223,540 16,112 8,578 249,743 248,230 Th8 average monthly number of employees during the year was as follows.. 2025 2024 Core operations Adminislralion The number of employees whose employee benefiis {8xcludlng employer pension costs) exceeded £60,000 was: 2025 2024 £60,001- £70,000 The total amount of remuneration rec8lV8d by key management personnel (including employer pension and national insurance conlTibulions) is £125,076 {2024= £119,523). The charity considers ils key management personnel comprises of 2 individuals {2024- 2). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and grants 268,125 207,324 475,449 Charltable actlvltle8 Charitable activities 99,617 76,546 176,163 Investment income 13,350 13,350 Total 381,092 283,870 664,962 EXPENDITURE ON Raising funds 29,593 29,593 Charitable activities Project costs Marketing 168,976 49,748 220,484 389,460 49.748 Page 23 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS . continued for the year ended 31 March 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unreslricted RestriGted funds funds Tolal funds Core suppiyt costs 99,300 99,300 Total 347.617 220,484 568,101 NET INCOME 33,475 63,386 96,861 RECONCILIATION OF FUNDS Total funds brought forward 465.367 47.161 512,528 TOTAL FUNDS CARRIED FORWARD 498,842 110.547 609,389 12. TANGIBLE FIXED ASSETS Fixiures and filllngs Plant and machinery Computer equlpment Totsls COST At 1 April 2024 Disposals 4.754 (71) 6,747 (995) 11.887 (1,066) Al 31 March 2025 4,683 5,752 10.821 DEPRECIATION Al 1 April 2024 Eliminated on disposal 4,754 (71) 6,747 (995) 11.887 (1,066) Al 31 March 2025 4.683 5,752 10.821 NET BOOK VALUE At 31 March 2025 At 31 March 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income 9,420 2.342 1,067 1,441 11.762 2.508 Page 24 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT> NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accruals and deferred income Accrued expenses 8,540 51,102 7,810 5.755 32,994 67.681 67,452 106,430 Deferred Income 2025 2024 Deferred income at 1st April 2024 Resources daferred during the year Amounts released from previous periods 32,994 51.102 (32,994) 92,503 32.994 {92,503) Delerred Income al 31 st March 2025 51,102 32,994 Deferred income Is In respect of cash r8celv8d during Ihe yèar for Pr0￿c1S taklng place posI-y8ar end, 15. MOVEMENT IN FUNDS Net movement In funds At 31.3.25 Ai 1.4.24 Unrestricted funds General fund Fundraising & Developmenl Succession Strategy Programme & Festival Developmenl Training (Staff & Artists) Learning Website Capital Items 319,000 20,000 25.000 49,842 25,000 40,000 15,000 5.000 8,532 327.532 20,000 25,000 49,842 25,000 40.000 15,000 5.000 498,842 8.532 507,374 Restricted funds BCC- International Dance Development Uni Birmingham - International Dance Development Baring Foundation Inclusive Communitie5 Associat8 Schools Schame 1,540 1.540 2,500 20.302 61,954 24.251 2,500 20.302 (61,954) (19,582) 4.669 110.547 (81,536) 29,011 TOTAL FUNDS 609.389 (73,004) 536,385 Page 25 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - ¢onlinu¢d for the year ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Nel movement in fvjnds. included in the above are as follows- Incoming resources Resources expanded Movement in funds Unre$tri¢ted funds General fund 327,820 (319,288) 8,532 Restrlcted funds Inclusive Communities Associate Schools Scheme 78,472 48,219 (140,426) (67,801) (61,954) {19.582) 126.691 (208.227) {81,536) TOTAL FUNDS 454,511 (527,515) 173,004) Page 26 continued... SAMPAD ISOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Comparatlves for movement in funds Net movem8nt in funds Transfers beiween funds At 31.3.24 At 1.4.23 Unreslricted funds General fund Fundraising & Developmenl Arbsts developm8nt Partnership development Staff dev81opment Learning Manager Music projecls Oigital projects Bursaries programme Sakhsi {Wom8n) Heritsge projects 2022-25 Age IUMAR) 2022-25 Bangla 50 Succession Strategy Programm8 & 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 (1 5,488) (4,652} (18.2811 (3,5081 11.821) (10,000) (5,0001 (20,000) (14,5501 (10,000) (10,0001 (10,000) (6.542) (5,0001 49.842 25,000 40,000 15,000 5.000 319,000 20,000 (5.OC()) (1.450) 25,000 49,842 25,000 40,000 15,000 5,000 465,367 33,475 498,842 Restricted funds BCC - International Dance Development Uni Birmingham - Intern8tlonal Dan Development BCC - Trainee Assistant Producer Baring Foundallon Inclusive Communilles Associate Schods 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 24,251 47.161 63.386 110,547 TOTAL FUNDS 512,528 96.861 609,389 Page 27 continued... SAMPAD (SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO TrIE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unreslricted funds General fund Learnlng Manager Bursaries programme 381,092 (341,167) (5,000) (1.450) 39,925 {5,000) 11,450) 381,092 (347.617) 33.475 Restricted funds BCC- Intarnational Dance Development Nalional Lottery Heritaga Fund Birmingham & Solihull Mental Heallh Foundation Trust BCC- Trainee Assistant Producer Baring Foundation Dance Hub Inclusive Communities Associat& Schools Scheme 1945) (41.666) (945) 41.666 45,004 (45,004) {9,922) (11,952) (28,544) (55,7541 (26.6971 (9,922) (11,952) 28.544 117,708 50.948 61,954 24,251 283,870 (220.484) 63,386 TOTAL FUNDS 664,962 (568,101) 96,861 Pur ose of Restrlcted Funds Heart of England- Inrlusivg Communities The grant was awarded lo the 8edlam Partnership (Funds held by Sampad) for aclivilies in 2024 and 2025. The partnership includes activities by the Bimiingham Rep, mac, Red Earth CollectlV8 and Sampad. The money was receiv&J in late March 2024. BCC Internatlonal Dance Development and Unlverslty of Birmingham Dance Development Supporting devetopmenlal work beiween Birmingham ar)d India. The Cole Trust, John Feeney Trust and Foyle Foundation To support the Sampad Associale Schools and L&arning Programme. Baring Foundation The grant was received in 2021-22 for Ihe Create and change project. Workshops have been laking place at the Dolphin Women's centr8 and will continue in 2025-6. Pur ose of Desl nated Funds Staff developmenl To update staff awareness, knowledge and capacity around Ihe themes of fundraising, education, community haallh, diversity, digital lechnology. HR and Legal. Learning Manager A part-tirne Learning Manager was appointed in July 2022 and delivers Ihe Associated Schools Scheme and Laaming programme. Succession Strategy This fund will release fvnds to explore Ihe successi{￿ slralegy for Sampad's Artistic Dlreclor position. Page 28 conlinued... SAMPAD {SOUTH ASIAN ARTS DEVELOPMENT) NOTES TO THE FINANCIAL STATEMENTS - continuod for the year ended 31 March 2025 16. OTHER FINANCIAL COMMITMENTS The company renewed tts memorandum of understanding wtth Midlands Arts Centre for a period of 10 years from 7th March 2016 under which the two entitiès agree to work together for mutual benefil, although this does nol conslilule a legal partnership. This agreernenl granls the Charitable cornpany a licence to occupy offices and use IT and furnilure. There is in effect a commilment to pay a premises fee