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← Ebony Steelband Trust

2022-03-31-accounts

Company Registration Number - 04558912

The Charity Registration Number is :- 1098408

EBONY STEELBAND TRUST

Report and Accounts

31 March 2022

EBONY STEELBAND TRUST

Report and accounts for the year ended 31 March 2022

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 5
Independent Accountant's Report 7
Funds Statements:-
Statement of Financial Activities 9
Statement of Financial Activities - Prior Year statement 10
Statement of total recognised gains and losses 11
Movements in funds 12
Income and Expenditure account 13
Balance sheet 14
Notes to the accounts 16

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2022

The Trustees present their Report and Accounts for the year ended 31 March 2022, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- EBONY STEELBAND TRUST.

The charity is also known by its operating name, Ebony Steelband Trust.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1098408.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

1

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2022

The principal operating address, telephone number, email and web addresses of the charity are:-

The Yaa Centre

1 Chippenham Mews, Maida Vale London, W9 2AN Telephone 020 7266 4354

Email Address services@ebony.org.uk Web address www.ebony-steelband-trust.co.uk

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

The Trustees in office on the date the report was approved were:-

Ian Comfort Dave Curis Lynda Rosesenior-Patten Justin Thomas Pattrina Quashie-Ferguson

The following persons served as Trustees during the year ended 31 March 2022 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Ian Comfort Dave Curis Lynda Rosesenior-Patten Justin Thomas Pattrina Quashie-Ferguson

All the trustees are also members of the charity.

2

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2022

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The Charity's objects and principal activities as set out in the Memorandum and Articles of Association continue to be that of:

(1) The advancement of education by the encouragement of the Arts with particular reference to Caribbean Music and other arts of that region and their teaching and practice and the promotion and presentation of concerts and other activities of a charitable nature which will make such arts better known and understood by the public.

(2) The relief of people with disabilities by providing them with particular assistance so as to enable them to participate fully in the work of the Charity in order that their conditions of life may be improved.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The main achievements and performance of the charity during the year.

Our primary aim over the year has been to recover from the impact of the pandemic on our ability to deliver our objectives. We have been successful in reinvigorating our programme and have been able to develop and provide accessible and inclusive steelband classes for children, young people and adults. In addition to the classes we have provided opportunities for steelband players to take part in performances of various sizes locally, nationally and internationally.

With the restrictions from the Pandemic being lifted we were able to participate in the return of Panorama in Emslie Horniman’s Pleasance. Notting Hill Carnival was not able to take place on the streets of North Kensington; however we were pleased to be able to take part in a series of carnival concerts in Holland Park.

3

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2022

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

Any person who is willing to act as a trustee and is permitted by law and the Articles to do so, may be appointed to be a trustee by ordinary resolution or a decision of the Trustees. New trustees may be appointed when individuals are identified who have suitable knowledge, skills and interests.

Bankers HSBC, 25 Notting Hill Gate, London, W11 3JJ

WNR Associates Limited, 63/66 Hatton Garden, Fifth Floor, Suite 23, London, Accountants EC1N 8LE

Financial review

The charity's financial position at the end of the year ended 31 March 2022

The financial position of the charity at 31 March 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Revenue Funds
Total Funds
Net income		 2022
£
15,086
34,315
34,315		 2021
£
5,445
19,229
19,229

Financial review of the position at the reporting date, 31 March 2022 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

Policies on reserves.

The trustees have considered the need for reserves in light of the main risks to the charity. The charity is dependent on two main sources of income: grants and performance fees/donations. The charity has always struggled to build reserves as its income and expenditure profiles are closely matched. The trustees are keen to build reserves in order that they are not placed in a difficult financial position should unexpected costs arise. The trustees are seeking to build a reserve that is equivalent to 8% of its turnover. It is anticipated that this can be achieved over the next year or so.

4

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2022

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Weldon Ramirez FCCA

Member of Chartered Certified Accountant

63/66 Hatton Garden Fifth Floor, Suite 23 London EC1N 8LE

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

5

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2022

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 9 to 26.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 16 January 2023.

Ian Comfort Director and Trustee

6

EBONY STEELBAND TRUST

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2022

I report to the Trustees on my examination of the financial statements of the charitable company on pages 9 to 26 for the year ended 31 March 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 16.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 5, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

7

EBONY STEELBAND TRUST

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Weldon Ramirez FCCA - Independent Examiner

Chartered Certified Accountant

63/66 Hatton Garden Fifth Floor, Suite 23 London EC1N 8LE

This report was signed on 16 January 2023

8

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2022

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2022, as required by the Companies Act 2006)

Current year
Unrestricted
Funds
2022
£
Income & Endowments from:
Donations & Legacies
A1
-
Charitable activities
A2
24,677
Investments
A4
(2)
Total income
A
24,675
Expenditure on:
Charitable activities
B2
78,368
Total expenditure
B
78,368
Net income for the year
(53,693)
Transfers between funds
C
53,693
Net income after transfers
A-B-C
-
-
Reconciliation of funds:-
E
Total funds brought forward
-
Total funds carried forward
-
Net movement in funds
SORP
Ref		 Current year
Restricted
Funds
2022
£
137,800
-
-
137,800
69,021
69,021
68,779
(53,693)
15,086
15,086
19,229
34,315		 Current year
Total Funds
2022
£
137,800
24,677
(2)
162,475
147,389
147,389
15,086
-
15,086
15,086
19,229
34,315		 Prior Year
Total Funds
2021
£
63,415
3,139
-
66,554
61,109
61,109
5,445
-
5,445
5,445
13,784
19,229

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 16 to 26 form an integral part of these accounts.

9

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2022

EBONY STEELBAND TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activit
B3
Other taxation
B3
Total expenditure
B
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
SORP
Ref
Net gains on investments
Net movement in funds		 Prior Year
Unrestricted
Funds
2021
£
-
3,139
-
-
-
3,139
-
44,662
-
-
-
44,662
-
(41,523)
-
(41,523)
(41,523)
(18,512)
(60,035)

 Prior Year
Restricted
Funds
2021
£
63,415
-
-
-
-
-
63,415
-
16,447
-
-
-
-
16,447
-
46,968
-
46,968
46,968
32,296
79,264		 Prior Year
Total Funds
2021
£
63,415
3,139
-
-
-
66,554
-
61,109
-
-
-
61,109
-
5,445
-
5,445
5,445
13,784
19,229

All activities derive from continuing operations

10

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2022

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

The notes attached on pages 16 to 26 form an integral part of these accounts.

EBONY STEELBAND TRUST - Resources applied in the year ended 31 March 2022 towards fixed assets for Charity use:-

fixed assets for Charity use:-
Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2022
£
15,086
(4,700)
-
10,386		 2021
£
5,445
-
-
5,445

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 16 to 26 form an integral part of these accounts.

11

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2022

Movements in revenue and capital funds for the year ended 31 March 2022

Revenue accumulated funds

Unrestricted
Funds
2022
£
Accumulated funds brought forward
-
(53,693)
(53,693)
(From)/To unrestricted revenue funds
53,693
Closing revenue funds
-
Summary of funds
Unrestricted
and
Designated funds
2022
£
Revenue accumulated funds
-
Recognised gains and losses before
transfers		 Restricted
Funds
2022
£
19,229
68,779
88,008
(53,693)
34,315
Restricted
Funds
2022
£
34,315		 Total
Funds
2022
£
19,229
15,086
34,315
-
34,315
Total
Funds
2022
£
34,315		 Last year
Total Funds
2021
£
13,784
5,445
19,229
-
19,229
Last Year
Total Funds
2021
£
19,229

The notes attached on pages 16 to 26 form an integral part of these accounts.

12

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2022

EBONY STEELBAND TRUST

Income and Expenditure Account for the year ended 31 March 2022 as required by the Companies Act 2006

Income
Income from operations
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2022
£
162,477
(2)
162,475
162,475
143,095
2,344
1,950
-
147,389
15,086
-
15,086
15,086		 2021
£
66,554
-
66,554
66,554
60,461
648
-
-
61,109
5,445
-
5,445
5,445

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 16 to 26 form an integral part of these accounts.

13

EBONY STEELBAND TRUST - Balance Sheet as at 31 March 2022

Note
SORP
Ref
Fixed assets
A
Tangible assets
8
A2
Current assets
B
Cash at bank and in hand
B4
27,283
Creditors: amounts falling due within
one year
9
C1
-
Net current assets
The total net assets of the charity
Restricted funds
Restricted Revenue Funds
12
D2
34,315
Unrestricted Funds
Designated Funds
Total charity funds
The total net assets of the charity are funded by the funds of the
27,283
-		 2022
2021
£
£
7,032
4,676
15,553
(1,000)
27,283
14,553
34,315
19,229
19,229
34,315
19,229
-
-
34,315
19,229
charity, as follows:-		 2022
2021
£
£
7,032
4,676
15,553
(1,000)
27,283
14,553
34,315
19,229
19,229
34,315
19,229
-
-
34,315
19,229
charity, as follows:-
19,229
19,229
-
19,229

14

EBONY STEELBAND TRUST - Balance Sheet as at 31 March 2022

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Justin Thomas

Trustee

Approved by the board of trustees on 16 January 2023

The notes attached on pages 16 to 26 form an integral part of these accounts.

15

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The charity is a public benefit entity.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications.

16

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2022

otes to the Accounts for the year ended 31 March 2022
5
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
6
Staff costs and emoluments
Salary costs
Gross Salaries excluding trustees and key management personnel
Total salaries, wages and related costs
Net surplus before tax in the financial year		 2022
£
2,344		 2021
£
648
2022
£
47,925		 2021
£
5,301
47,925 5,301

7 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

8 Tangible fixed assets

Current Year
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Land and
Buildings
£
-
-		 Plant &
Machinery
£
242,254
4,700		 Motor
Vehicles
£
-
-		 Total
£
242,254
4,700
- 246,954 - 246,954
-
-		 237,578
2,344		 -
-		 237,578
2,344
- 239,922 - 239,922
- 7,032 - 7,032
- 4,676 - 4,676

17

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2022

Prior Year
Cost
01 April 2020
31 March 2021
Depreciation
01 April 2020
Charge for the year
31 March 2021
Net book value
31 March 2021
31 March 2020
9
Creditors: amounts falling due within one year
Accruals
10 Income and Expenditure account summary
At 1 April 2021
Surplus after tax for the year
At 31 March 2022		 Land and
Buildings
£
-		 Plant &
Machinery
£
242,254		 Motor
Vehicles
£
-		 Total
£
242,254
- 242,254 - 242,254
-
-		 236,930
648		 -
-		 236,930
648
- 237,578 - 237,578
- 4,676 - 4,676
- 5,324 - 5,324
2022
£
-
2022
£
19,229
15,086		 2021
£
1,000
2021
£
13,784
5,445
34,315 19,229

11 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2022
Tangible Fixed Assets
Current Assets
At 1 April 2021
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
funds
£
7,032
(7,032)		 Designated
funds
£
-		 Restricted
funds
£
-
34,315		 Total
Funds
£
7,032
27,283
- - 34,315 34,315
Unrestricted
funds
£
4,676
(3,676)
(1,000)		 Designated
funds
£
-
-
-		 Restricted
funds
£
-
19,229
-		 Total
Funds
£
4,676
15,553
(1,000)
- - 19,229 19,229

18

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2022

12 Change in total funds over the year as shown in Note 11 , analysed by individual funds

Funds brought
forward from
2021
Movement in
funds in 2022
See Note 13
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
-
(53,693)
Total unrestricted and designated funds
-
(53,693)
Restricted funds:-
Restricted revenue
19,229
68,779
Total restricted funds
19,229
68,779
Total charity funds
19,229
15,086
13 Analysis of movements in funds over the year as shown in Note 12
Income
Expenditure
2022
2022
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
24,675
(78,368)
Restricted funds:-
Restricted revenue
137,800
(69,021)
162,475
(147,389)		 Funds brought
forward from
2021
£
-		 Movement in
funds in 2022
See Note 13
£
(53,693)		 See Note 14
£
53,693
Transfers
between
funds in 2022		 Funds carried
forward to
2023
£
-
- (53,693) 53,693 -
19,229 68,779 (53,693) 34,315
19,229 68,779 (53,693) 34,315
19,229 15,086 - 34,315
Other
Gains &
Losses
2022
£
-
-		 Movement
in funds
2022
£
(53,693)
68,779
162,475 (147,389) - 15,086

19

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2022

14 Details of transfers between funds

To/(from) Restricted Revenue Funds
Net transfers
Transfers to/( from) Unrestricted Funds to cover deficits on Restricted Funds or when funds are lawfully
reallocated
The transfers shown in note 12 above are:-		 2022
£
53,693
53,693
-
-

15 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

Unrestricted Revaluation Reserve

Designated Fixed Asset Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Restricted funds:-

Restricted Fixed Asset Funds Restricted Revaluation Reserve

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.

16 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

20

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

17 Donations, Grants and Legacies

Current year
Current year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
-
16,300
-
37,900
-
54,200
All the grants in the prior year were unrestricted.
Revenue grants from government and public bodies - Prior Year analysis
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
Prior Year
-
45,936
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
-
-
-
33,600
-
50,000
-
83,600
Revenue grants from government and
public bodies
Arts Council
Hertiage
John Lyons
Total private sector revenue grants
Total public sector revenue grants
Revenue grants and donations from
non public bodies
Carnival Villlage
Small grants individually less than £1000		 Current year
Total Funds
2022
£
16,300
37,900
54,200
Prior Year
Total Funds
2021
£
45,936
Current year
Total Funds
2022
£
-
33,600
50,000
83,600		 Prior Year
Total Funds
2021
£
25,836
20,100
45,936
Prior Year
Total Funds
2021
£
8,579
-
8,900
17,479

All the grants in the prior year were unrestricted.

Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis

21

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

Prior Year
Unrestricted
Funds
2021
£
Prior Year
-
Total Donations, Grants and Legacies
Total Donations, Grants and
Legacies
A1
-
All the donations and gifts in the prior year were unrestricted.
Prior year
Unrestricted
Funds
2021
£
Total Donations, Grants and
Legacies
A1
-
Income from charitable activities - Trading Activities
Current year
Current year
Unrestricted
Funds
2022
£
Primary purpose and ancillary trading
24,677
24,677
Current year
Current year
Unrestricted
Funds
2022
£
Total income from charitable trading
24,677
Total from charitable activities
A2
24,677
Total Income from charitable activities
Total Primary purpose and ancillary
trading
Sale of goods and services in accordance
with the charity's objects		 Prior Year
Unrestricted
Funds
2021
£
-		 Prior Year
Restricted
Funds
2021
£
17,479		 Prior Year
Total Funds
2021
£
17,479
- 137,800
Restricted
Funds
2021
£
63,415
Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
-
-		 137,800
Prior Year
Total Funds
2021
£
63,415
Current year
Total Funds
2022
£
24,677
24,677
Current year
Total Funds
2022
£
24,677
24,677		 63,415
Prior Year
Total funds
2021
£
3,139
24,677 3,139
Current year
Unrestricted
Funds
2022
£
24,677		 Prior Year
Total Funds
2021
£
3,139
24,677 3,139

18 Income from charitable activities - Trading Activities

19 Total Income from charitable activities

22

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

20 Investment income

Investment income
Bank Interest Receivable
Total investment income
A4		 Current year
Unrestricted
Funds
2022
£
(2)		 Current year
Restricted
Funds
2022
£
-
-		 Current year
Total Funds
2022
£
(2)
(2)		 Prior Year
Total Funds
2021
£
-
(2) -

21 Expenditure on charitable activities - Direct spending

Current Year
Total direct spending
B2a
All the expenditure in the prior year was unrestricted.
Prior Year
Total direct spending
B2a
Musician expenses
Arranger fees
Band expenses
Band expenses
Panorama & Carnival expenses
Pan tuning expenses		 Current year
Unrestricted
Funds
2022
£
-
-
-
-
-		 Current year
Restricted
Funds
2022
£
-
7,557
16,377
3,617
6,470
34,021
Prior Year
Restricted
Funds
2021
£
16,447
16,447		 Current year
Total Funds
2022
£
-
7,557
16,377
3,617
6,470
34,021
Prior Year
Total Funds
2021
£
16,447
16,447		 Prior Year
Total Funds
2021
£
16,447
-
-
-
-
- 16,447
Prior Year
Unrestricted
Funds
2021
£
-
-

23

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

22 Expenditure on charitable activities - Charitable trading

Current Year
Total charitable trading costs
B2b
Sales comissions
Pan tuition expenses
Cost of goods for primary purpose
trading - Including movement in stock		 Current year
Unrestricted
Funds
2022
£
-
10,189
3,790		 Current year
Restricted
Funds
2022
£
-
-
-
-		 Current year
Prior Year
Total Funds
Total Funds
2022
2021
£
£
-
3,139
10,189
-
3,790
-
13,979 13,979
3,139

23 Expenditure on charitable activities- Grant funding of activities

Current Year
Total grantmaking costs
B2c
Current Year
NSPCC
Grants made to organisations
Breakdown of Grants made to organisations		 Current year
Unrestricted
Funds
2022
£
24		 Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
-
-		 Current year
Prior Year
Total Funds
Total Funds
2022
2021
£
£
24
849
24 24
849
Current year
Unrestricted
Funds
2022
£
24		 Current year
Total Funds
2022
£
24
24
24

24

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

24 Support costs for charitable activities

24
Support costs for charitable activities
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
Employee costs not included in direct costs
-
35,000
12,925
-
3,798
-
-
-
Premises Expenses
8,051
-
137
-
1,468
-
54
-
-
-
Administrative overheads
2,193
-
859
-
1,750
-
-
-
3,206
-
502
-
4,962
-
3,359
-
15,556
-
Professional fees paid to advisors other than the auditor or examiner
709
-
Financial costs
542
-
2,344
-
Support costs before reallocation
62,415
35,000
Total support costs - Current Year
62,415
35,000
The basis of allocation of costs between activities is described under accounting policies
Motor expenses
Sundry expenses
Depreciation & Amortisation in total for
Other staff costs
Room Hire
Legal fees
Liabilty and contents insurance
Hire of equipment
Subscriptions to periodicals
Telephone, fax and internet
Software licences and expenses
Other salaries
Stationery and printing
Salaries - Administrative staff
Cleaning and waste management
Rent payable under operating leases
Travel and subsistence - staff
Light heat and power
Premises repairs, renewals and
maintenance
Bank charges
Equipment,repairs,expenses and maintenance		 Current year
Total Funds
2022
£
35,000
12,925
3,798
-
8,051
137
1,468
54
-
2,193
859
1,750
-
3,206
502
4,962
3,359
15,556
709
542
2,344		 Prior Year
Total Funds
2021
£
5,301
-
283
1,900
4,347
-
1,580
-
4,698
2,251
163
1,658
182
789
943
574
-
14,877
-
480
648
97,415
97,415		 40,674
40,674
-
-
-

25

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

25 Other Expenditure - Governance costs
Current Year
Independent Examiner's fees
Total Governance costs
26 Total Charitable expenditure
Current Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
Prior Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total grantmaking costs
B2c
Total support costs
B2d
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2022
£
1,950		 Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
34,021
-
-
35,000
-
69,021
Prior Year
Restricted
Funds
2021
£
16,447
-
-
-		 Current year
Total Funds
2022
£
1,950
1,950
Current year
Total Funds
2022
£
34,021
13,979
24
97,415
1,950
147,389
Prior Year
Total Funds
2021
£
16,447
3,139
849
40,674		 Prior Year
Total Funds
2021
£
-
1,950 -
Current year
Unrestricted
Funds
2022
£
-
13,979
24
62,415
1,950		 Prior Year
Total Funds
2021
£
16,447
3,139
849
40,674
-
78,368 61,109
Prior Year
Unrestricted
Funds
2021
£
-
3,139
849
40,674
44,662 16,447 61,109

26