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**
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
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