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← Ebony Steelband Trust

2024-03-31-accounts

Company Registration Number - 04558912

The Charity Registration Number is :- 1098408

EBONY STEELBAND TRUST

Report and Accounts

31 March 2024

EBONY STEELBAND TRUST

Report and accounts for the year ended 31 March 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 6
Independent Accountant's Report 8
Funds Statements:-
Statement of Financial Activities 10
Movements in funds 14
Revenue Funds 14
Income and Expenditure account 15
Summary of funds 15
Balance sheet 16
Notes to the accounts 18

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2024

The Trustees present their Report and Accounts for the year ended 31 March 2024, 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 2024

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 David Curtis Lynda Rosesenior-Patten Justin Thomas Pattrina Quashie-Ferguson

The following persons served as Trustees during the year ended 31 March 2024 :-

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.

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.

2

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2024

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.

Music Classes and sessions

Ebony has provided weekly classes for Adult Beginners (Tuesday evenings); Children (Fridays After School); and Youth Classes (Friday evenings). Each class has an average attendance of 15. Ebony has maintained its partnership with the local primary school, St Peter's, and provides a weekly session for one class of pupils.

Steelband Performance and Carnival Arts

Ebony has performed at a wide variety of community events, giving its young musicians opportunities to share and celebrate their learning and musicianship. As always, participation in the Carnival was the highlight of the year. Ebony performed at all carnival events including Blockorama, Panorama (at which Ebony was awarded 1st Place), Children's Day (Carnival Sunday), and Carnival Monday. The band was accompanied by a Children's Mas' (costumes) on the Sunday and adult Mas' on the Monday.

Steelpan Instruments - tuning and construction

Despite their sturdy and robust appearance, steelpan instruments are easily knocked out of tune and tuning a steelpan is a highly skilled occupation. However, there is a real shortage of steelpan tuners in the UK. (Some schools and small steelbands have stocks of instruments that they are unable to use because they are out of tune or in need of repair). Accordingly, Ebony has been training a small group of young people with workshops and sessions at Ebony's workshop in North Kensington. A very promising start has been made to what could be a highly productive project.

As always, Ebony is hugely grateful to its funders including Arts Council England, the London Borough of Westminster and the John Lyons Charity; and to its loyal musicians and volunteers, without whom none of this work would be possible.

3

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2024

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 2024

The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Revenue Funds
Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net income		 2024
£
(26,935)
1
5,295
5,296		 2023
£
(2,084)
29,231
2,999
32,230

Financial review of the position at the reporting date, 31 March 2024 .

The trustees acknowledge the significant financial pressures facing the charity and are undertaking a review of policies, plans and activities accordingly.

4

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2024

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.

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 Member of Association of Chartered Certified Accountants

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

5

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2024

Statement of the Directors' and 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) 2019, 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 :-

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.

6

EBONY STEELBAND TRUST

Company Registration Number - 04558912

Trustees' Annual Report for the year ended 31 March 2024

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 10 to 29.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, 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 30 January 2025.

DAVID CURTIS Director and Trustee

7

EBONY STEELBAND TRUST

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2024

I report to the Trustees on my examination of the financial statements of the charitable company on pages 10 to 29 for the year ended 31 March 2024 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) 2019, 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 18.

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

As described on page 6, 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

8

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) 2019, 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 Ge

Member of Association of Chartered Certified Accountants

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

This report was signed on 30 January 2025

9

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006)

Current year
Unrestricted
Funds
2024
£
Income & Endowments from:
Donations & Legacies
A1
-
Charitable activities
A2
-
Investments
A4
-
Other
A5
-
Total income
A
-
Expenditure on:
Charitable activities
B2
39,436
Total expenditure
B
39,436
Net income for the year
(39,436)
Transfers between funds
C
10,205
Net income after transfers
A-B-C
(29,231)
(29,231)
Reconciliation of funds:-
E
Total funds brought forward
29,231
Total funds carried forward
-
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2024
£
74,710
28,871
-
-
103,581
91,080
91,080
12,501
(10,205)
2,296
2,296
2,999
5,295		 Current year
Total Funds
2024
£
74,710
28,871
-
-
103,581
130,516
130,516
(26,935)
-
(26,935)
(26,935)
32,230
5,295		 Prior Year
Total Funds
2023
£
80,150
38,203
44
23,928
142,325
144,409
144,409
(2,084)
-
(2,084)
(2,084)
34,314
32,230

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 18 to 29 form an integral part of these accounts.

10

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2024

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 activiti
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
Net movement in funds
SORP
Ref
Net gains on investments		 Prior Year
Unrestricted
Funds
2023
£
-
38,203
-
44
23,928
62,175
-
86,728
-
-
-
86,728
-
(24,553)
-
(24,553)
(24,553)
53,693
29,140

 Prior Year
Restricted
Funds
2023
£
80,150
-
-
-
-
-
80,150
-
22,480
-
-
-
-
22,480
-
57,670
-
57,670
57,670
(19,379)
38,291		 Prior Year
Total Funds
2023
£
80,150
38,203
-
44
23,928
142,325
-
144,409
-
-
-
144,409
-
(2,084)
-
(2,084)
(2,084)
34,314
32,230

11

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2024

All activities derive from continuing operations

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 18 to 29 form an integral part of these accounts.

12

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2024

2024
£
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
-
EBONY STEELBAND TRUST - Resources applied in the year ended 31 March 2024
fixed assets for Charity use:-		 2023
£
-
(2,000)
-
(2,000)
towards

The notes attached on pages 18 to 29 form an integral part of these accounts.

13

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2024

Movements in revenue and capital funds for the year ended 31 March 2024

Revenue accumulated funds

Unrestricted
Funds
2024
£
Accumulated funds brought forward
29,231
(39,436)
(10,205)
(From)/To unrestricted revenue funds
10,205
Closing revenue funds
-
Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
-
Recognised gains and losses before
transfers		 Restricted
Funds
2024
£
2,999
12,501
15,500
(10,205)
5,295
Restricted
Funds
2024
£
5,295		 Total
Funds
2024
£
32,230
(26,935)
5,295
-
5,295
Total
Funds
2024
£
5,295		 Last year
Total Funds
2023
£
34,314
(2,084)
32,230
-
32,230
Last Year
Total Funds
2023
£
32,230

The notes attached on pages 18 to 29 form an integral part of these accounts.

14

EBONY STEELBAND TRUST - Statement of Financial Activities for the year ended 31 March 2024

EBONY STEELBAND TRUST

Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006

Income
Income from operations
Interest receivable
Other operating income
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		 2024
£
103,581
-
-
103,581
103,581
128,822
1,694
-
-
130,516
(26,935)
-
(26,935)
(26,935)		 2023
£
118,353
44
23,928
142,325
142,325
140,151
2,258
2,000
-
144,409
(2,084)
-
(2,084)
(2,084)

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 18 to 29 form an integral part of these accounts.

15

EBONY STEELBAND TRUST - Balance Sheet as at 31 March 2024

Note
SORP
Ref
2024
£
Fixed assets
A
Tangible assets
10
A2
5,080
Current assets
B
Cash at bank and in hand
B4
3,593
25,457
Creditors: amounts falling due within
one year
11
C1
(3,378)
-
Net current assets
215
The total net assets of the charity
5,295
Restricted funds
Restricted Revenue Funds
15
D2
5,295
2,999
5,295
Unrestricted Funds
Unrestricted Revenue Funds
15
D3
-
29,231
-
Designated Funds
-
Total charity funds
5,295
The total net assets of the charity are funded by the funds of the charity, as follows:-		 2023
£
6,774
25,457
32,231
2,999
29,231
-
32,231

16

EBONY STEELBAND TRUST - Balance Sheet as at 31 March 2024

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 9.

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.

DAVID CURTIS

Trustee

Approved by the board of trustees on 30 January 2025

The notes attached on pages 18 to 29 form an integral part of these accounts.

17

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2024

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) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , 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) 2019, 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.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Plant and machinery

25 % reducing balance

Fund Accounting

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

There are no designated funds

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.

18

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2024

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

5 Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets		 2024
£
1,694		 2023
£
2,258

6 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Total salaries, wages and related costs		 2024
£
4,430
4,430		 2023
£
16,940
16,940

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

7 Defined contribution pension schemes

The charity does not operate a defined contribution pension scheme.

8 Defined benefit pension scheme

The charity does not operate a defined benefit pension scheme.

9 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.

19

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2024

10 Tangible fixed assets

Current Year
Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
11 Creditors: amounts falling due within one year
Other creditors
12 Revaluation reserve
Current year
At 1 April 2023
Transfers in the year
At 31 March 2024
13 Income and Expenditure account summary
At 1 April 2023
Surplus after tax for the year
At 31 March 2024		 Land and
Buildings
£
-
-
-
-
-
-
-
Current year
Unrestricted
Funds
2024
£
-
(10,205)
(10,205)		 Plant &
Machinery
£
248,954
248,954
242,180
1,694
243,874
5,080
6,774
Current year
Restricted
Funds
2024
£
-
-
-		 Motor
Vehicles
£
-
-
-
-
-
-
-
2024
£
3,378
Current year
Total Funds
2024
£
-
(10,205)
(10,205)
2024
£
32,230
(26,935)
5,295		 Total
£
248,954
248,954
242,180
1,694
243,874
5,080
6,774
2023
£
-
Prior Year
Total Funds
2023
£
-
-
-
2023
£
34,314
(2,084)
32,230

20

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2024

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

At 31 March 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 April 2023
Tangible Fixed Assets
Current Assets		 Unrestricted
funds
£
5,080
(1,702)
(3,378)
-
Unrestricted
funds
£
6,774
22,458
29,232		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-		 Restricted
funds
£
-
5,295
-
5,295
Restricted
funds
£
-
2,999
2,999		 Total
Funds
£
5,080
3,593
(3,378)
5,295
Total
Funds
£
6,774
25,457
32,231

15 Change in total funds over the year as shown in Note 14 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Restricted funds:-
Restricted revenue
Total restricted funds
Total charity funds		 Funds brought
forward from
2023
£
29,231
29,231
2,999
2,999
32,230		 Movement in
funds in 2024
See Note 16
£
(39,436)
(39,436)
12,501
12,501
(26,935)		 See Note 17
£
10,205
10,205
(10,205)
(10,205)
-
Transfers
between
funds in 2024		 Funds carried
forward to
2025
£
-
-
5,295
5,295
5,295

21

EBONY STEELBAND TRUST

Notes to the Accounts for the year ended 31 March 2024

16 Analysis of movements in funds over the year as shown in Note 15

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Restricted funds:-
Restricted revenue		 Income
2024
£
-
103,581
103,581		 Expenditure
2024
£
(39,436)
(91,080)
(130,516)		 Other
Gains &
Losses
2024
£
-
-
-		 Movement
in funds
2024
£
(39,436)
12,501
(26,935)

17 Details of transfers between funds

To/(from) Restricted Revenue Funds
Net transfers
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital
grants and fixed asset funds'.
The transfers shown in note 15 above are:-		 2024
£
10,205
10,205
-
-

18 The purposes for which the funds as

Unrestricted and designated funds:-

Unrestricted Revenue 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.

Restricted funds:-

Restricted revenue

These funds are held for the meeting the objectives of the charity, but are restricted according to the .specific purpose they were generated for.

19 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 £1 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.

22

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

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

20 Donations, Grants and Legacies

Current year
Current year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
-
28,490
-
20,100
-
-
-
48,590
Revenue grants from government and public bodies - Prior Year analysis
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
Prior Year
-
27,320
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
-
120
-
26,000
-
-
-
26,120
Total private sector revenue grants
Total public sector revenue grants
Revenue grants and donations from non
public bodies
Carnival Village
Small grants individually less than £1000
Other
Westminister Council
National Lottery
Revenue grants from government and
public bodies
Arts Council		 Current year
Total Funds
2024
£
28,490
20,100
-
48,590
Prior Year
Total Funds
2023
£
27,320
Current year
Total Funds
2024
£
120
26,000
-
26,120		 Prior Year
Total Funds
2023
£
10,020
-
17,300
27,320
Prior Year
Total Funds
2023
£
-
37,800
15,030
52,830

23

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

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

==> picture [475 x 583] intentionally omitted <==

----- Start of picture text -----
Prior Year Prior Year Prior Year
Unrestricted Restricted
Total Funds
Funds Funds
2023 2023 2023
£ £ £
Prior Year - 52,830 52,830
Total Donations, Grants and Legacies
Total Donations, Grants and A1 - 74,710 74,710 80,150
Legacies
Unrestricted Restricted Prior Year
Prior year Funds Funds Total Funds
2023 2023 2023
£ £ £
Total Donations, Grants and A1 - 80,150 80,150
Legacies
21 Income from charitable activities - Trading Activities
Current year Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Primary purpose and ancillary trading
Sale of goods and services in accordance -
28,871 28,871 38,203
with the charity's objects
Total Primary purpose and ancillary -
28,871 28,871 38,203
trading
22 Total Income from charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds
Total Funds
Current year Funds Funds
2024 2024 2024 2023
£ £ £ £
-
Total income from charitable trading 28,871 28,871 38,203
Total from charitable activities A2 - 28,871 28,871 38,203
----- End of picture text -----

24

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

23 Investment income

Current year
Unrestricted
Funds
2024
£
Bank Interest Receivable
-
Total investment income
A4
-
24 Other income and gains
Current year
Current year
Unrestricted
Funds
2024
£
-
Total other income
A5
-
25 Expenditure on charitable activities - Direct spending
Current year
Current Year
Unrestricted
Funds
2024
£
-
-
-
-
-
Total direct spending
B2a
-
Prior Year
Prior Year
Unrestricted
Funds
2023
£
-
92
Total direct spending
B2a
92
Panorama & Carnival expenses
Event costs
Event costs
Pan tuning expenses
Panorama & Carnival expenses
Sundry other income
Musician expenses
Arranger fees		 Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
47,918
4,183
30,998
-
-
83,099
Prior Year
Restricted
Funds
2023
£
16,744
3,236
19,980		 Current year
Total Funds
2024
£
-
-
Current year
Total Funds
2024
£
-
-
Current year
Total Funds
2024
£
47,918
4,183
30,998
-
-
83,099
Prior Year
Total Funds
2023
£
16,744
3,328
55,273		 Prior Year
Total Funds
2023
£
44
44
Prior Year
Total Funds
2023
£
23,928
23,928
Prior Year
Total Funds
2023
£
16,744
3,328
25,256
9,000
945
55,273

25

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

26 Expenditure on charitable activities - Charitable trading

Current year
Current Year
Unrestricted
Funds
2024
£
-
Reallocated from support costs
39,436
Total charitable trading costs
B2b
39,436
Expenditure on charitable activities- Grant funding of activities
Current year
Current Year
Unrestricted
Funds
2024
£
-
Total grantmaking costs
B2c
-
Current year
Current Year
Unrestricted
Funds
2024
£
General donations
-
-
Pan tuition expenses
Breakdown of Grants made to organisations
Grants made to organisations		 Current year
Restricted
Funds
2024
£
7,125
-
7,125
Current year
Restricted
Funds
2024
£
856
856
Current year
Restricted
Funds
2024
£
856
856		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
7,125
3,350
39,436
82,387
46,561
85,737
Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
856
1,399
856
1,399
Current year
Total Funds
2024
£
856
856

27 Expenditure on charitable activities- Grant funding of activities

26

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

28 Support costs for charitable activities

28
Support costs for charitable activities
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
Employee costs not included in direct costs
4,430
-
-
-
5,377
-
Premises Expenses
5,500
-
4,736
-
-
-
Administrative overheads
1,628
-
418
-
-
-
-
-
-
-
4,120
-
-
-
4,121
-
-
-
7,257
-
Professional fees paid to advisors other than the auditor or examiner
-
-
Financial costs
155
-
1,694
-
Support costs before reallocation
39,436
-
Equipment,repairs,expenses and maintenance
Rates and water charges
Bank charges
Stationery and printing
Salaries - Administrative staff
Postage
Rent payable under operating leases
Travel and subsistence - staff
Light heat and power
Other salaries
Legal fees
Liabilty and contents insurance
Hire of equipment
Subscriptions to periodicals
Telephone, fax and internet
Software licences and expenses
Motor expenses
Sundry expenses
Depreciation & Amortisation in total for		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
4,430
3,641
-
13,299
5,377
22,837
5,500
4,891
4,736
167
-
2,543
1,628
2,279
418
-
-
811
-
1,784
-
612
4,120
1,302
-
552
4,121
2,754
-
4,388
7,257
18,114
-
40
155
115
1,694
2,258
39,436
82,387

27

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Less support costs reallocated to specific activities
To charitable trading costs
(39,436)
-
The basis of allocation of costs between activities is described under accounting policies
Employee costs not included in direct costs
Salaries - Administrative staff
1,141
2,500
Administrative overheads
79,887
2,500
(2,500)
2,500
The basis of allocation of costs between activities is described under accounting policies
Total support costs - Prior Year
Support costs before reallocation		 (39,436)
(82,387)
-
-
3,641
82,387
-
29 Other Expenditure - Governance costs
Current Year
Independent Examiner's fees
Total Governance costs		 Current year
Unrestricted
Funds
2024
£
-
-		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
-
-		 Prior Year
Total Funds
2023
£
2,000
2,000

All the expenditure in the prior year was unrestricted.

30 Total Charitable expenditure
Current Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total grantmaking costs
B2c
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2024
£
-
39,436
-
-
39,436		 Current year
Restricted
Funds
2024
£
83,099
7,125
856
-
91,080		 Current year
Total Funds
2024
£
83,099
46,561
856
-
130,516		 Prior Year
Total Funds
2023
£
55,273
85,737
1,399
2,000
144,409

28

EBONY STEELBAND TRUST

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Prior 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
Unrestricted
Funds
2023
£
92
85,737
1,399
(2,500)
2,000
86,728		 Prior Year
Prior Year
Restricted
Funds
Total Funds
2023
2023
£
£
19,980
55,273
-
85,737
-
1,399
2,500
-
-
2,000
22,480
144,409

29