|**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.