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2021-03-31-accounts

Page
Trustees'
Annual
Report
Statements
of Trustees'		 Responsibilities
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet
Notes to the Financial Statements 10

REFERE NC E AND ADMI NISTRATIVE
DET		 NISTRATIVE
DET		 AILS AILS
Name Kuumba
Imani		 Millennium Centre Limited
Company number 03970577
Charity number 1091041
Registered Office 4 Princes Road
Liverpool
Merseyside
L8 1TH
Board ofTrustees The Board ofTrustees are also its Directors. Members are elected
by Annual General Meetings
of the members		 of the council in
accordance with the Articles ofAssociation.
Trustees R. Bashir
L. Castilho
H Milne (Appointed 21 October 2020)
J.Jagne
R Ross-Williams
Board Advisor E Bowman, John Moores Foundation
Independent Examiner Graham
Wright		 BA (Hons), FCA DChA,
c/o Liverpool
Charity		 and Voluntary Services
151 Dale Street,
Liverpool,
L2 2AH
Bankers NatWest
Bank
5 Oxford Street
Liverpool
L7 7HL

Notes Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
Income and endowments
from
Donations
and legacies		 3a 1,000
Charitable
activities		 3b 92,621 263,385 356,006 183,000
Total income 92,621 263,385 356,006 184,000
Expenditure
on
Charitable
activities		 4 171,742 124,737 296,479 231,941
Total expenditure 171,742 124,737 296,479 231,941
Net (expenditure) Iincome (79,121) 138,648 59,527 (47,941)
Total funds brought forward 10-11 788,352 9,560 797,912 845,853
Total funds carried forward 9-11 709,231 148,208 857,439 797,912
KUUMBA IMANI MILLENNIUM KUUMBA IMANI MILLENNIUM KUUMBA IMANI MILLENNIUM CENTRE LIMITED CENTRE LIMITED Company Number: 03970577
BALANCE SHEET AS AT 30rri MARCH 2021
Notes 30'"March 2021 30'"llllarch 2020
8 8
Fixed assets
Tangible fixed assets 1,102,983 1,107,101
Current assets
Debtors 6 1,530 9,158
Cash at bank and in hand 59,450
60,980 9,158
Current
liabilities
Creditors; amounts falling
due within one year 7 (47,033) (52,202)
Net current assetsl(liabilities) 13,947 (43,044)
Total assets less
liabilities		 current 1,116,930 1,064,057
Creditors: amounts
after one year		 falling due (259,491) (266,145)
Net Assets 857,439 797,912
Funds:
Unrestricted
funds		 9,10 709,231 788,352
Restricted
funds		 9,11 148,208 9,560
857,439 797,912

b.Charitable
activities:		 b.Charitable
activities:		 E E E
Awards
for All —Celebrate		 L8 6,300
Big Lottery Fund —Reaching Communities 99,358 99,358 48,975
Power to Change - Emergency Covid 60,531 60,531
HMRC Job Retention
Scheme		 17,334 17,334
John Moores Foundation 10,000 10,000 10,000
LCR —Merseytravel 42,108 42,108
Liverpool
City Council —Business support		 25,000 25,000
LCVS VRU 5,358
National
Museums		 Liverpool —Happy Older 300
People
The British Council 1,564 1,564 10,652
The National
Lottery —Coronavirus		 49,824 49,824
Community
Support
P H Holt 5,000
Rent 8 Conference Income 50,287 50,287 96,415
92,621 263,385 356,006 183,000
4. Expenditure
on charitable		 activities
Direct Support 6 Total Total
Charitable Governance 2021 2020
Expenditure Costs
E E E E
Provision ofoffice space and conference
facilities and project delivery
42,056 254,423 296,479 231,941
a.Analysed
as follows:		 Total Total
2021 2020
Direct charitable
expenditure:		 E
Catering expenses 6 other activities 79 700
Project delivery 41,977 26,282
42,056 26,982

Support
& Governance		 Support
& Governance		 costs:
Staff salary costs 159,632 139,337
Heat, light, rates and telephone 33,816 28,444
Printing,
postage and		 stationery 1,123 2,803
Maintenance 6,045 4,969
Security costs 2,195 1,517
Equipment hire and photocopier 1,518 699
Cleaning
and waste disposal		 2,781 3,077
Professional and legal fees 4,104 5,627
Insurance 6,339 6,068
Training 2,650
Travel 513
Consultancy 7,056
ACF Loan interest 6,654 (2,518)
Computer
costs		 3,953 1,700
Office costs 2,175
Sundries 414 1,597
Accountancy 725 756
Bank charges 372 470
Depreciation 12,358 10,413
254,423 204,959
b.Staff Costs 2021 2020
E
Staff salaries 145,896 132,939
Social security costs 10,907 4,492
Pension costs 2,829 1,906
159,632 139,337

5. Tangible Fixed Assets
Leasehold Office Total
Property Equipment
Cost f
As at31"March 2020 3,111,678 20,345 3,132,023
Additions 8,240 8,240
Disposals
during
the period
Balance as at 30th March 2021 3,111,678 28,585 3,140,263
Accumulated
Depreciation
As at31"March 2020		 2,004,783 20,139 2,024,922
Charge for the period 10,346 2,012 12,358
Depreciation
on disposals
Balance as at 30th March 2021 2,015,129 22,151 2,037,280
Net Book Value at 30th March 2021 1,096,549 6,434 1,102,983
Net Book Value at 30th March 2020 1,106,895 206 1,107,101
6. Debtors
2021 2020
E
Trade debtors 1,530 9,158
1,530 9,158
7.Creditors: amounts 7.Creditors: amounts falling due within one year falling due within one year
2021 2020
E
Bank overdraft 9,592
Trade creditors &accruals 18,084 9,592
Tax and social security costs 19,628 13,437
VAT liability 8,321 14,581
Other creditors 1,000 5,000
47,033 52,202

2021 2020
K E
Adventure Capital Fund loan 259,491 266,145
9.Analysis
of Net Assets between		 9.Analysis
of Net Assets between		 9.Analysis
of Net Assets between		 Funds
Tangible Fixed Other Net Total
Assets Liabilities
8
Unrestricted Funds
General
Fund		 1,102,983 (393,752) 709,231
1,102,983 (393,752) 709,231
Restricted Funds
Big Lottery Fund —Reaching Communities 86,547 86,547
Power to Change - Emergency Covid -19 16,762 16,762
LCR - Merseytravel 40,798 40,798
LCVS VRU 601 601
The National Lottery —Coronavirus 3,500 3,500
Community Support
148,208 148,208
Total Funds 1,102,983 (245,544) 857,439

Unrestricte d Funds
Movements in the Year
Resources Income Expenditure Resources
at beginning at end
ofyear
E		 E f ofyear
E
General
Fund		 788,352 92,621 (171,742) 709,231
The General Fund is used to finance the charitable company's general activities as outlined
in the Trustees'
Report.
Restricted Funds
Movements in the Year
Resources Income Expenditure Resources
at beginning at end
ofyear ofyear
F 6
Big Lottery Fund- 99,358 12,811 86,547
Reaching Communities
Power to Change- 60,531 43,769 16,762
Emergency Covid -19
John Moores Foundation 7,379 10,000 17,379
LCVS VRU 931 330 601
LCR —Merseytravel 42,108 1,310 40,798
PH Holt 1,250 1,250
The British Council 1,564 1,564
The National Lottery- 49,824 46,324 3,500
Coronavirus Community
Support
9,560 263,385 124,737 148,208