| Page | ||
|---|---|---|
| Trustees' Annual Report |
||
| Statements ofTrustees' |
Responsibilities | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities |
||
| Balance Sheet | ||
| Notes to the Financial Statements | 10 |
| REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | DETAILS | DETAILS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
of | Trustees | 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 | ||||||||||||||||
| J Jagne H Milne |
(Resigned (Resigned |
12'"April 2023) 25'" October 2023) |
||||||||||||||
| R Ross-Williams | ||||||||||||||||
| Board Advisor | E Bowman, | John Moores | Foundation | |||||||||||||
| Independent | Examiner | Paula Sanchez, | ACCA | |||||||||||||
| c/o LCVS | ||||||||||||||||
| 151 Dale | Street, | |||||||||||||||
| Liverpool, | ||||||||||||||||
| L2 2AH |
| Notes | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Income and endowments | |||||||
| from | |||||||
| Donations and legacies |
3a | 420 | 420 | ||||
| Charitable activities |
3b | 118,318 | 140,858 | 259,176 | 249,911 | ||
| Other income | 3c | 265,766 | 265,766 | ||||
| Total income | 384,504 | 140,858 | 525,362 | 249„911 | |||
| Expenditure on |
|||||||
| Charitable activities |
136,525 | 160,316 | 296,841 | 335,025 | |||
| Total expenditure | 136,525 | 160,316 | 296,841 | 335„025 | |||
| Nei income/(expenditure), movements in funds |
net | 247,979 | (19,458) | 228,521 | (85,114) | ||
| Total funds brought | forward | 10-11 | 751,367 | 20,958 | 772,325 | 857,439 | |
| Total funds carried | forward | 9-'I 'I | 999,346 | 1,500 | 1,000,846 | 772,325 |
| KUUMBA IMANI MILLENNIUM | KUUMBA IMANI MILLENNIUM | KUUMBA IMANI MILLENNIUM | CENTRE LIMITED | CENTRE LIMITED | Company | Number: 03970577 |
|---|---|---|---|---|---|---|
| BAI ANCE SHEET AS AT30» | MARCH 2023 | |||||
| Notes | 30'"March 2023 | 30'"March 2022 | ||||
| Fixed assets | ||||||
| Tangible fixed assets | 5 | 1,080,753 | 1,092,732 | |||
| Current assets | ||||||
| Debtors | 985 | 2,367 | ||||
| Cash at bank and in | hand | 7,825 | 180 | |||
| 8,810 | 2,547 | |||||
| Current liabilities | ||||||
| Creditors: amounts due within one year |
falling | 7 | (88,717) | (63,463) | ||
| Net current (liabilities)/assets | (79,907) | (60,916) | ||||
| Total assets less current liabilities |
1,000,846 | 1,031,816 | ||||
| Creditors: amounts after one year |
falling due | (259,491) | ||||
| Net Assets | 1,000,846 | 772,325 | ||||
| Funds: | ||||||
| Unrestricted funds |
9,10 | 999,346 | 751,367 | |||
| Restricted funds | 9,11 | 1,500 | 20,958 | |||
| 1,000,846 | 772,325 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2023 | 2023 | 2023 | 2022 | |||||
| b. Charitable activities: |
E | E | E | |||||
| Citizen Advice | 2,000 | 2,000 | ||||||
| Contract income | 18,000 | 18,000 | ||||||
| HMRC Job Retention | Scheme | 8,588 | ||||||
| John Moores Foundation | 10,000 | |||||||
| Liverpool City Council Support |
Business | 12,000 | ||||||
| Liverpool City Council |
Energy | Grant | 4,000 | |||||
| Liverpool City Region |
—Merseytravel | 12,680 | 12,680 | 42,108 | ||||
| Merseyside Police |
4,000 | 4,000 | ||||||
| National Lottery Community |
Fund | 89,059 | 89,059 | 44,529 | ||||
| National Lottery Reaching Communities |
50,382 | |||||||
| Rank Foundation | 25,000 | 25,000 | 12,179 | |||||
| Rank Foundation —Mental |
Health | 8,119 | 8,119 | |||||
| Rental 8 conference income |
100,318 | 100,318 | 66,125 | |||||
| 118„318 | 140,858 | 259,176 | 249,911 | |||||
| Income from charitable | activities | in 2022 | comprised f86,713unrestricted | funds and | 2163,198 | |||
| related to restricted funds. |
||||||||
| c. Other Income | E | E | E | |||||
| Loan written off |
265,766 | 265,766 | ||||||
| 3.Expenditure on charitable |
activities | |||||||
| Direct. | Support 8 | |||||||
| Charitable | Governance | Total | Total | |||||
| Expenditure | Costs | 2023 | 2022 | |||||
| E | E | |||||||
| Provision of office space and conference facilities and project |
delivery | 151,598 | 145,243 | 296,841 | 335,025 |
| a. Analysed as follows: |
a. Analysed as follows: |
|||
|---|---|---|---|---|
| Direct charitable | expenditure: | 2023f | 2022 F |
|
| Staff salary costs | 97,692 | |||
| Pension | 1,851 | |||
| Activities and events |
13,343 | 1,600 | ||
| Project delivery | 32,210 | |||
| Sessional fees | 5,808 | |||
| Volunteer expenses | 217 | |||
| Utilities | 21,781 | 33,436 | ||
| Rates | 4,190 | 3,021 | ||
| Repairs and maintenance | 6,716 | 4,137 | ||
| 151,598 | 74,404 | |||
| Support 8 Governance | costs: | 2023f | 2022 | |
| Staff salary costs | 93,091 | 180,606 | ||
| Pension | 1,674 | 3,226 | ||
| Telephone | 2,709 | 2,630 | ||
| Printing, postage |
and | stationery | 'l,785 | |
| Advertising and publicity |
8,450 | |||
| Security costs | 2,316 | |||
| Equipment hire and photocopier |
'l,608 | 2,762 | ||
| Cleaning and waste disposal |
5,915 | 1,349 | ||
| Legalfees | 493 | |||
| Insurance | 7,988 | 7,594 | ||
| Training | 11,928 | 'I,060 | ||
| Travel expenses | 1,456 | |||
| Consultancy | 22,285 | |||
| Loan interest | 761 | 479 | ||
| Recruitment | 165 | |||
| Computer costs |
2,040 | 5,643 | ||
| Office costs | 960 | 5,068 | ||
| Companies House |
13 | 13 | ||
| DBSfees | 176 | |||
| Payroll fees | 816 | 1,100 | ||
| Accountancy | 1,427 | 1,320 | ||
| Bank charges | 385 | 363 | ||
| Depreciation | 11,979 | 12,231 | ||
| 145,243 | 260,621 | |||
| Total expenditure activities |
on charitable | 296,841 | 335,025 |
| N | OTES TO THE FINANCIAL STATEM |
ENTS FOR THE YEAR E | NDED30 |
|---|---|---|---|
| b. | Staff Costs | 2023 | 2022 |
| E | E | ||
| Staff salaries | 181,397 | 172,102 | |
| Social security costs | 9,386 | 8,504 | |
| Pension costs | 3,525 | 3,226 | |
| 194,308 | 183,832 |
| No out-of-pocket expenses were reimbu | rsed to trustees |
in the year ( | 2022: anil). | |
|---|---|---|---|---|
| 4. | Tangible Fixed Assets | |||
| Leasehold | Office | Total | ||
| Property | Equipment | |||
| Cost | ||||
| As at31"March 2022 | 3,111,678 | 30,565 | 3,142,243 | |
| Additions | ||||
| Balance as at 30'" March 2023 | 3,111,678 | 30,565 | 3,142,243 | |
| Accumulated Depreciation As at31"March 2022 |
2,025,475 | 24,036 | 2,049,511 | |
| Charge for the year | 10,346 | 1,633 | 'I 1,979 | |
| Balance as at 30'" March 2023 | 2,035„821 | 25,669 | 2,061,490 | |
| Net Book Value at 30'" March 2023 | 1,075,857 | 4,896 | 1,080,753 | |
| Net Book Value at 30'" March 2022 | 1,086,203 | 6,529 | 1,092,732 |
| Tangible | Fixed | Net Current | Creditors | due | Total | |||
|---|---|---|---|---|---|---|---|---|
| Assets | Liabilities | More than | one | |||||
| year | ||||||||
| Unrestricted | Funds | E | E | E | ||||
| General Fund |
1,080,753 | (81,407) | 999,346 | |||||
| Restricted Funds |
||||||||
| Rank Foundation | 1,500 | 1,500 | ||||||
| 1,500 | 1,500 | |||||||
| Total Funds | 1,080,753 | (79,907) | 1,000,846 | |||||
| Tangible | Fixed | Net Current | Creditors | due | Total | |||
| 2022 | Assets | Liabilities | More than | one | ||||
| year | ||||||||
| Unrestricted | Funds | E | F | E | ||||
| General Fund |
1,092,732 | (81,874) | i | (259,491) | 751,367 | |||
| Restricted Funds |
||||||||
| John Moores | Foundation | 10,000 | 10,000 | |||||
| Liverpool City Energy Grant |
Council | 4,000 | 4,000 | |||||
| Liverpool City Merseytravel |
Region- | 6,958 | 6,958 | |||||
| 20,958 | 20,958 | |||||||
| Total Funds | 1,092,732 | (60,916) | (259,491) | 772,325 |
| Movements | in the Year | |||||
|---|---|---|---|---|---|---|
| 2023 | Funds | Income | Expenditure | Funds | ||
| at | beginning | at end | ||||
| ofyear E |
f | ofyear | ||||
| General | Fund | 751,367 | 384,504 | (136,525) | 999,346 |
| Movements | in the Year | |||||
|---|---|---|---|---|---|---|
| 2022 | Funds | Income | Expenditure | Funds | ||
| at | beginning | at end | ||||
| ofyear | ofyear | |||||
| F | F | |||||
| General | Fund | 709,231 | 86,713 | (44,577) | 751,367 |
| Restricted Funds |
||||
|---|---|---|---|---|
| Movements | in the Year | |||
| 2023 | Funds | Income | Expenditure | Funds |
| at beginning | at end | |||
| ofyear | ofyear | |||
| F | ||||
| Citizen Advice | 2,000 | (2,000) | ||
| John Moores Foundation | 10,000 | (10,000) | ||
| Liverpool City Council Energy Grant |
4,000 | (4,000) | ||
| Liverpool City Region- Merseytravel |
6,958 | 12,680 | (19,638) | |
| Merseyside Police |
4,000 | (4,000) | ||
| National Lottery Community Fund |
89,059 | (89,059) | ||
| Rank Foundation | 25,000 | (23,500) | 1,500 | |
| Rank Foundation— Mental Health |
8,119 | (8,119) | ||
| 20,958 | 140.858 | (160,316) | 1,500 |