Report and Financial Statements Northern Star Community Arts Year Ended 31 March 2024 Registered Company in England No. 04403293 Registered Charity No. 1097090 Chelmsley Wood Baptl8t Church Hedlngham Grove Chelmsley Wood B37 7TP port•d bv The National Lottery.
Chair's Report Rcstricted funding continues to be obtained and spent according to the nderS specifications and we continue to find ways of working out of continual reliance on purely finance to provide essential work to our community. Into this financial year as a CIC director, we have continued to support 3 Beans Kitchen in a financial, managerial and supportive capacity. Thc start up costs along side further financial support have made our use of unrestricted funding extremely difficult at times and this is reflected in the accounts, with more pressure put on ndIng staffing costs etc outside of allocated grants and nds. On the face of it, the accounts show how much of a difficult position we were in at the end of the 2023-2024 fiiiancial year, particularly wilhin the area of our unrestricted funds. Northern Star Community Arts is in a much healthier and stable financial position as I write this report, and the start-up finances for 3 Beans Kitchen have now begun to be paid back, which over time will replenish our unrestricted funds. With the ongoing projects and needs within the community, we continue to adjust our commitment to making sure ihe service we provide to the community is responding to the needs of those who access our services and projects. As some projects will soon reach an end, we will continue to work with partners to ensure the legacy of the projects are to be carried forward and developed whilst maintaining the longer-tenn funding security of our much loved and essential work. Kris Chase-Byrne Chair
Report & Financial Statements For the Year 1st April 2023 to 31st March 2024 Contents Pages Company Information Directors and Trustees Report Examiner's Report Balance Sheet Statèm6nt of Financial Activities Notes to the financial statements 8-10
For the Year 1st April 2023 to 31" March 2024 Report & Financial Statements Dlrectors and Trustees:. Emma Chidler Kelvin McArdle Catherine McNicholl Robert Nicholas Parker Maxine Williams Treasurer". Ashleigh Houghton Chalrperson:. Kris Chase-Byrne Regl8tsred Offlce & operatlonal address :. The Baptist Church Centre Hedingham Grove Chelrnsley Wood Solihull B37 7TP Principal Bankers: Lloyds Bank PLC Victoria
Report & Financial Statements The Directors and Trustees present their report together with the financial statements of the charity for the year ended 31st March 2024 Structure, Governance and Management The Northern Star Community Arts Limited is a company limited by guarantee and registered charity governed by a memorandum and articles of association. The Directors of the charitable company {'the charity,) are its trustees for the purpose of charity law and within this report are collectively referred to as the tru8tees. Potsntial new trustees are identified in accordance with the developing service and business needs of the Charity. usually on the recommendation of the working groups that advise the Board from tirne to time. Final appointment follows a period of probationarylobserving attendance at board meetings. Statement of Dlrectors Responslbllltles Company law requires the Directors to prepare financlal 8tatements for each financial year which give a true and falr view of the state of affairs of the Company and of the surplus or deficit for that period. In preparing those financial statements, the Directors ara required to select suitable accounting policies and then apply them conslstently., make judgments and estimates that are reasonable and prudent. prepare the financial statements on the going concern basi8 unless It Is inappropriate to presume that the Company will continue in business, The Dlrectors are responslble for keeping proper accountSng records whlch dlsclose wlth reasonable accuracy at any tlme the financial position of the Company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the pr8v8ntion and detection of fraud and other irregularities. On alf of the Board Kris Chas Chairperson Date: 2q. 11. a031+ rne
Independent Examlners Report to the Trustees of Northern Star Communlty Arts I report on the Accounts of the company for the year ended 31 March 2024 Responsibilities and basis of r8POrt As the charity trustees of the Charty, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examlnation of the Charlty's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directs'ons given by the Charity Comm1881on under section 145{5)(b) of the Act. Independent examine8 Statement I have completed my examination. I confirm that no materlal matters have come to my attentlon in connaction with the examination giving me cause to believe that in any material aspect.. 1) accounting records were not kept in respect of the Charlty as required by section 130 of the Act., or 2) the account8 do not accord wlth those records., or 3) the accounts do not comply with the appllcable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than the requirement that the accounts glve a true and fair view whlch Is not a matter Considered as part of an independent examination. I have no concerns and have come across no matters in connectlon with the examination to which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. Trevor Prickett Address: Hallcroft Way, Knowle. Solihull Date:29. 1 l. ZDW
Northern Star Community Arts Balance Sheet a8 at 31 March 2024 Notss 2024 2023 Fixed Assets Tangible Assets Current Assets Cash at Bank Debtors 86 10,979 88 10,979 Creditors: amounts falling due Within one year Net Current Assets Net Assets 86 10,979 Representsd By Unrestrlcted funds 765 (1,904) Restrlcted funds 1,990 10,214 Total funds 10,979 The Directors are satlsfied that the Company was entitled to exemption from audil under section 477 of the Companies Act 2006. The members have not required an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge thelr responsibilities for: i) Ensuring that the Company keeps accountlng records which comply with section 386 and 387 of the Companies Act 2006 and ii) Preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year in accordance wlth the requirements of sections 394 and 395 of the Companies Act 2006 relatlng to financial ststements, so far as applicable to the Company These financial statements have been prepared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effectlve from April 2008). Approv oard and signed on their behalf Chai on Date 2f,I Kris Chase-Byrne
Northern Star Community Arts ststement of Financlal Activitios (Includlng Income and Expenditure Accounts) for the perlod ended 31 March 2024 Notes Unrestricted Restrlcted Funds Funds Total Funds 2024 57,112 Total Funds 2023 51,668 Income Donations & Grants (incl Debtors) Total incoming resources 36,248 20,864 36,248 20,864 57,112 51,668 Resources expended Staff Costs 34,632 13,152 47,784 52,620 Premi8es Staff Nolunteers Expenses Professional fees MaterialslArtist8 General Costs 375 31 1,837 137 2,212 168 4,529 758 206 206 412 743 2,584 3,870 10,479 154 299 453 Sessional and Freelance Staff Events Publicityllnfomation Insurancg Equipment 3 Beans Cafe. 2,185 2,222 4,407 59 557 100 1,172 135 557 615 1.172 761 515 627 776 Total Resources expended Net movement In funds Total Funds at 1 Aprll 2023 Tfr from Restlcted Total Funds at 31 March 2024 48,264 19,741 68,005 77,747 {12,016) 1,123 (10,893) {26,079) 765 10,214 9,347 (9,347)
Northern Star Community Arts Report & Flnancial Statements Notes formlng part of the Ilnanclal statements for the perlod ended 31 March 2024 The financial statements have been prepared under the hlstoric cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2007), the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Chanties.. Statgmgnt of Recommgnded Practice issued in March 2005. Voluntary Income is received by way of donations and gifts and Is included in full in the Statement of Financlal Actlvitles in the year in which they are received. Grants, including grants for the purchase of fixed assets, are recognised in full In the Statement of Financial Activities in the year in which they are receivable. Resources expended are recognised In the period in which they are incurred. Resources expended include attributable VAT, which cannot be recovered, Depreciation is to be applied to major Capital Expenditur8, such as Property purchased & not to items funded for Specific Projects. Unrestricted funds are donations and other incoming reSoUrS receivable or genarated for the objects of the charity without further specified purpose and are availabl8 as general funds. Restricted funds are to be used for specific purposes as lald down by the donor. Expenditure, which meets these criteria, is charged to the fund, together with a fair allocation of management and support cost. A Pension Scheme is operated for staff. The charity is exempt from Corporation tax.
Northern Star Communit Arts Notes formin part of the financial ststements for the year ended 31 MarGh 2024 Movement In Funds:_ Unr8strlct8d Fun At 1 Aprll 2023 Income Expenditure At 31 March 2024 General Fund Communlty Well Total £765 £9,347 £10.112 £9,536 £26,712 £36,248 £10,444 £37,820 £48,264 ( £143) (1,761) (1,904) estrlcted Funds At 1 Aprfl 2023 Income Expènditure At 31 March 2024 Birmingham Alrport Fund £1,100 £1,100 Grlmett Trust £465 £465 Joseph Hopklns Trust £700 £270 £430 Rlchard Kllcuppe Donatlon £500 £500 Nll Heart of England WW Fund £3,076 £3,075 Mental Health Support £72 £72 Nll Steps to the Real Me £15,489 £13,929 £1.560 G.W. Turner Trust £125 £125 Westhill Endowment £205 Spirltual Journey thro. Art £205 Nll Totals £867 £20,864 £19,741 £1,990
Northern Star Community Arts 2. Staff costs £47,784 The average number of persons employed by the charity during the year was as follows: There are no employee8 whose emoluments exceed £60.000 throughout the year. None of the Directors recelved any emoluments durlng the year. io