| The Bromsgrove Arts Development Trust |
The Bromsgrove Arts Development Trust |
CharityNo | 1097575 | 1097575 | |
|---|---|---|---|---|---|
| CompanyNo | |||||
| Annual accounts for theperiod | |||||
| Period start date | 11/1/2023 | To | Period end date |
10/31/2024 |
Statement of financial activities
| Recommended categories by activity Guidance Note Income Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities - SMBC S03 Investments S04 Separate material item of income - UKSPF Grant S05 Other S06 Total S07 Expenditure Expenditure on: Raising funds S08 Charitable activities S09 Separate material expense item S10 Other - maintenance costs S11 Total S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 Net income/(expenditure) S17 Extraordinary items S18 Transfers between funds S19 S20 Other gains/(losses) S21 Net movement in funds S22 Total funds brought forward S23 Total funds carried forward S24 Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use Reconciliation of funds: |
£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds |
£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds |
£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds |
Total funds £ £ F04 F05 Prior year funds |
Total funds £ £ F04 F05 Prior year funds |
Total funds £ £ F04 F05 Prior year funds |
|---|---|---|---|---|---|---|
| - | - | - | - | - | ||
| - | - | - | - | |||
| 125,601 | - | - | 125,601 | - | ||
| - | - | - | - | - | ||
| 29,783 | - | - | 29,783 | - | ||
| - | - | - | - | - | ||
| 155,384 | - | - | 155,384 | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | |||
| 52,353 | - | - | 52,353 | - | ||
| 52,353 | - | - | 52,353 | - | ||
| 103,030 | - | - | 103,030 | - | ||
| - | - | - | - | - | ||
| 103,030 | - | - | 103,030 | - | ||
| - | - | - | - | - | ||
| 103,030 | - | - | 103,030 | - | ||
| - | - | - | - | |||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 103,030 | - | - | 103,030 | - | ||
| 97,800 | - | - | 97,800 | 97,800 | ||
| 200,830 | - | - | 200,830 | 97,800 |
| The Bromsgrove Arts Development Trust |
The Bromsgrove Arts Development Trust |
Charity No 1097575 Company No |
Charity No 1097575 Company No |
Charity No 1097575 Company No |
|
|---|---|---|---|---|---|
| Balance sheet | |||||
| Fixed assets Intangible assets Tangible assets Heritage assets Investments Total fixed assets Current assets Stocks Debtors Investments Cash at bank and in hand Total current assets Net current assets/(liabilities) Total assets less current liabilities Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds Restricted income funds Unrestricted funds Revaluation reserve Fair value reserve Total funds Creditors: amounts falling due within one year Creditors: amounts falling due after one year |
£ F01 Unrestricted funds |
£ F02 Restricted income funds |
£ £ F03 F04 Endowment funds Total this year |
£ F05 Total last year |
|
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | ||
| - | - | - | - | - | |
| 200,830 | - | - | 200,830 | 97,800 | |
| 200,830 | - | - | 200,830 | 97,800 | |
| - | - | - | - | - | |
| 200,830 | - | - | 200,830 | 97,800 | |
| 200,830 | - | - | 200,830 | 97,800 | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| 200,830 | - | - | 200,830 | 97,800 | |
| - | - - 200,830 - |
- | |||
| - | - | - | |||
| 200,830 | |||||
| 200,830 | - | - | 200,830 | - |
Notes to the accounts
Note 1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
1.2 Going concern
The accounts have been prepared on a going concern basis.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
1.5 Material prior year errors
No material prior year error have been identified in the reporting period.
Note 2 Accounting Policies
2.1 Income and Expenditure
Income and expenditure are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources or an obligation committing the charity to pay is due.
2.2 Assets
Debtors are measured on initial recognition at settlement amount.
Note 3 Debtors
| Trade debtors Other debtors Tota Prepayments and accrued income |
This year £ |
Last year £ |
|---|---|---|
| - | ||
| - | - | |
| - | - | |
| l- | - |
Note 4 Cash at bank and in hand
| Short term deposits Cash at bank and on hand Other Total (less than 3 months maturity date) |
This year £ |
Last year £ |
|---|---|---|
| - | - | |
| - | - | |
| 200,830 | 97,800 | |
| - | - | |
| 200,830 | 97,800 |
Note 5 Transactions with trustees and related parties
Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity.
Independent Examiner's Report
The Bromsgrove Arts Development Trust (charity number 1097575)
Accounts for the year ended 31 October 2024
From the records supplied to me, which are part of the Councils accounts, I can validate the Income and expenditure received during the 12 months in this financial year reflects what is shown in the Statement of Financial Activities and Balance Sheet.
D Goodall
Independent Assessor
Annual Report
The Bromsgrove Arts Development Trust (charity number 1097575)
Parkside Market Street Bromsgrove Worcestershire B61 8DA
Trustees
Anita Dale (Chair) David Nicholl Bakul Kumar Michael Marshall Bernard McEldowney Jane Elledge (Vice-Chair) Cherie Clements
The Artrix is currently managed through a collaborative structure. The day to day operations are managed by Bromsgrove Community Arts, a voluntary community organisation. BCA runs the venue on a sustainable, volunteer led basis, organising events, managing room hires and maintaining the facilities. The Artrix Holding Trust owns the building and works closely with BCA and Bromsgrove District Council to ensure the venue remains open and viable long-term. The Trust is responsible for strategic oversight and governance.
Trustees for the Artrix Holding Trust are appointed through nominations by Bromsgrove District Council. Up to six members can be nominated by the Council. These appointments are typically for a four-year term. The process is formalised during the Annual Council meeting, where nominations are reviewed and confired. The Trust may review and amend the structure and term length as needed. This structure ensures a blend of community involvement, professional oversight and local government support.
Provides Cultural events and live music, offering a diverse programme that supports professional and community performances
Performances include tribute actions, theatre and dance, family and variety shows and live music
The Trust has generated £125,601 of income and has utilised a grant of £29,783 in year. Total spend on maintenance costs in year has been £52,353, resulting in a year end surplus of £103,030. The Trust has a balance of unrestricted funds of £200,830 as at 31.10.2024.