## **Company Registration Number - 04558912**
**The Charity Registration Number is :- 1098408**
## **EBONY STEELBAND TRUST**
**Report and Accounts**
**31 March 2025**
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
The Trustees present their Report and Accounts for the year ended 31 March 2025, 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.
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
## **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 Justin Thomas Pattrina Quashie-Ferguson
## **The following persons served as Trustees during the year ended 31 March 2025 :-**
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.
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
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 continues to provide 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's band members meet every Wednesday evening for practice and rehearsal. Ebony maintains links with local schools and community organisations.
## Steelband Performance and Carnival Arts
Ebony has again 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 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. Ebony also organised the Blockorama event with performances from three different steelbands and with a focus on the local community of North Kensington.
## Steelpan tuning and construction
Ebony has continued to train a small group of young people in the tuning and repair of steelpan instruments with workshops and sessions at Ebony's facility in North Kensington. The training is provided by Dudley Dickson who is a founding member of the UK Steelpan Tuners Guild. As always, Ebony is hugely grateful to its funders including Arts Council England and the Carnival Village Trust; and to its loyal musicians and volunteers, without whom none of this work would be possible.
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
## **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 2025**_
The financial position of the charity at 31 March 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity
Restricted Revenue Funds
**Total Funds**|**2025**
**£**
(23,730)
1
(18,435)
(18,435)|**2024**
**£**
(26,935)
-
5,295|
|---|---|---|
|||5,295|
## _**Financial review of the position at the reporting date, 31 March 2025 .**_
The trustees acknowledge the significant financial pressures facing the charity and are undertaking a review of policies, plans and activities accordingly.
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
## _**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
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
## **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 :-
- 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.
## **EBONY STEELBAND TRUST**
Company Registration Number - 04558912
## **Trustees' Annual Report for the year ended 31 March 2025**
## **Method of preparation of accounts - Small company provisions**
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 2026.
DAVID CURTIS Director and Trustee
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/directors/** EBONY STEELBAND TRUST **members of**
**On accounts for the year** 31 MARCH 2025 **ended Charity no.:** 1098408 Company no.: 04558912
I report to the charity trustees on my examination of the accounts of the Company for the year ended **31/03/2025** .
**Responsibilities and** As the charity’s trustees of the Company (who are also the directors of the **basis of report** company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
|**Independent**|I have completed my examination. I confirm that no material matters have|
|---|---|
|**examiner's statement**|come to my attention which gives me cause to believe that:|
||• accounting records were not kept in accordance with section 386 of the|
||Companies Act 2006; or|
||• the accounts do not accord with such records; or|
||• the accounts do not comply with relevant accounting requirements under|
||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; or|
||•the accounts have not been prepared in accordance with the Charities|
||SORP (FRS102).|
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 accounts to be reached.
- _Please delete the words in the brackets if they do not apply._
**----- Start of picture text -----**
Signed: Date: 31/01/2026
Name: Weldon Ramirez
FCCA
Relevant professional
qualification(s) or body
(if any):
Address: 63/33 Hatton Garden
Fifth Floor Suite 23
London, EC1N 8LE
ee
**----- End of picture text -----**
|**EBONY STEELBAND TRUST**|CharityNo|1098408|1098408||
|---|---|---|---|---|
||CompanyNo|04558912|||
|Annual accounts for theperiod|||||
|Period start date
**01.04.2024**|**To**|Period end
date|**31.03.2025**||
## **Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax before**
**investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Total funds brought forward
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Separate material expense item
**_Net movement in funds_**
**Other recognised** **gains/(losses):**
**Net income/(expenditure) before tax for**
**the reporting period**
Raising funds
Other
**_Total_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Donations and legacies
Investments
Charitable activities
Other trading activities
Separate material item of income
Other|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|
||-|39,800|-|39,800|74,710|
||-|46,974|-|46,974|28,871|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|86,774|-|86,774|103,581|
|||||||
||-|-|-|-|-|
||-|110,504|-|110,504|130,516|
|||||||
||-|-|-|-|-|
||-|110,504|-|110,504|130,516|
|||||||
||-|23,730
-|-|23,730
-|26,935
-|
||-|-|-|-|-|
||-|23,730
-|-|23,730
-|26,935
-|
||-|-|-|-|-|
||-|23,730
-|-|23,730
-|26,935
-|
||-|-|-|-||
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|23,730
-|-|23,730
-|26,935
-|
|||||||
||-|5,295|-|5,295|32,230|
||-|18,435
-|-|18,435
-|5,295|
|CharityNo
CompanyNo
Annual accounts for theperiod
**Section B Balance sheet**
**EBONY STEELBAND TRUST**
1098408
04558912
Period start date: 01.04.2024
To period end date: 31.03.2025
~~———~~|CharityNo
CompanyNo
Annual accounts for theperiod
**Section B Balance sheet**
**EBONY STEELBAND TRUST**
1098408
04558912
Period start date: 01.04.2024
To period end date: 31.03.2025
~~———~~|CharityNo
CompanyNo
Annual accounts for theperiod
**Section B Balance sheet**
**EBONY STEELBAND TRUST**
1098408
04558912
Period start date: 01.04.2024
To period end date: 31.03.2025
~~———~~|CharityNo
CompanyNo
Annual accounts for theperiod
**Section B Balance sheet**
**EBONY STEELBAND TRUST**
1098408
04558912
Period start date: 01.04.2024
To period end date: 31.03.2025
~~———~~|CharityNo
CompanyNo
Annual accounts for theperiod
**Section B Balance sheet**
**EBONY STEELBAND TRUST**
1098408
04558912
Period start date: 01.04.2024
To period end date: 31.03.2025
~~———~~||
|---|---|---|---|---|---|
||||**Restricted**|||
|||**Unrestricted**|**Unrestricted**
**income**|**Endowment**
**Total this**
**Total last**||
|Guidance note||**funds**|**funds**|**funds**
**year**
**year**||
|||**£**|**£**|**£**
**£**
**£**||
|**Fixed assets**||F01|F02|F03
F04
F05||
|**Tangible assets**
**(Note 5)**
**Heritage assets**
**Investments**
**_Total fixed assets_**|B01
B02
B03
B04
B05|- -
- -
-
- 3,810
- 3,810
5,080
- -
- -
-
- -
- -
-
- 3,810
- 3,810
5,080
~~====—~~||||
|**Current assets**||||||
|**Stocks**
**Debtors**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 6)**|B06
B07
B08
B09
B10
B11|- -
- -
-
- -
- -
-
- -
- -
-
- 1,494
- 1,494
3,593
- 1,494
- 1,494
3,593
- 23,739
- 23,739
3,378
~~atom~~||||
|**_Net current assets/(liabilities)_**|B12|- - 22,245|- - 22,245|- - 22,245
215||
|**_Total assets less current liabilities_**
**Creditors: amounts falling due after one**
**year**
**Provisions for liabilities**|B13
B14
B15|- - 18,435
**-**- 18,435
5,295
- -
- -
-
- -
- -
-
~~=~~||||
|**_Total net assets or liabilities_**|B16|- - 18,435|- - 18,435|- - 18,435
5,295||
|**Funds of the Charity**||||||
|**Endowment funds**
**Restricted income funds (Note 8)**
**Unrestricted funds**
**Revaluation reserve**
**Fair value reserve**
**_Total funds_**|B17
B18
B19
B20
B21
B22|-
-
-
-
18,435
-
18,435
5,295
- -
-
-
- - 18,435 - - 18,435
5,295
~~==~~||||
|**_The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies._**||||||
|**_The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006._**||||||
|**_The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to_**|||**_The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to_**|||
|**_These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small_**||||||
|**_companies regime and in accordance with FRS102 SORP._**||||||
|Signed by one or two trustees/directors on behalf of all the trustees/directors||||Print Name
Date of approval
dd/mm/yyyy||
||||David Curtis
30/01/2026|||
|||||||
|||||||
|Signature of director authenticating accounts being sent to Companies House||||Signature
Date dd/mm/yyyy||
|||||30/01/2026||
||||David Curtis|**Print name**||
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to**_
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support _**Not applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful;
Where accounts are not prepared on a going _**Not applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes* * -Tick as appropriate No*
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes* * -Tick as appropriate No*
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes* * -Tick as appropriate No*
**Section C Notes to the accounts (cont)**
|**Recognition of income**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other
trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
**Contractual income and**
**performance related**
**grants**
**Offsetting**
**Grants and donations**
**Note 2 Accounting policies**
**Government grants**
The charity has received government grants in the reporting period
**Legacies**
**Tax reclaims on**
**donations and gifts**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**2.1 INCOME**
**Donated goods**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
|Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
|||||
|**Grants with performance**
**conditions**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Donated services and**
**facilities**
**Support costs**
The charity has creditors which are measured at settlement amounts less any trade
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Governance and support**
**costs**
**Creditors**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
**Settlement of insurance**
**claims**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Income from membership**
**subscriptions**
**Income from interest,**
**royalties and dividends**
The charity has incurred expenditure on support costs.
**Investment gains and**
**losses**
**Deferred income**
No material item of deferred income has been included in the accounts.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
**2.2 EXPENDITURE AND LIABILITIES**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Grants payable without**
**performance conditions**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|**Creditors**|discounts|
|---|---|
||A liability is measured on recognition at its historical cost and then subsequently|
|**Provisions for liabilities**|measured at the best estimate of the amount required to settle the obligation at the|
||reporting date|
|**Basic financial**
**instruments**|The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.|
||||
|---|---|---|
|Yes*
No*
N/a*|||
||||
|Yes*
No*
N/a*|||
||||
|**2.4 ASSETS**
**Current asset**
**investments**
These are capitalised if they can be used for more than one year, and cost at least
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
The charity has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on
deposit and cash equivalents with a maturity of loss than one year held for investment
purposes rather than to meet short-term cash commitments as they fall due.
**Stocks and work in**
**progress**
**Heritage assets**
**Investments**
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Debtors**
They are valued at cost.
**Intangible fixed assets**
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 14.
They are valued at cost.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or
net realisable value.
Goods or services provided as part of a charitable activity are measured at net
realisable value based on the service potential provided by items of stock.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by the
charity. Subsequently, they are measured at the cash or other consideration expected
to be received.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on
the contract.
They are valued at fair value except where they qualify as basic financial instruments.||||
|---|---|---|---|
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
**Section C Notes to the accounts (cont)**
## **Note 3 Income**
|**Donations**
**and legacies:**
**Charitable**
**activities:**
**Separate**
**material item**
**of income**
**Other:**
**Income from**
**investments:**
**Other trading**
**activities:**|**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - - - -
- - - - -
- - - - -
-39,800-39,80074,710
- - - -
- - - - -
- - - -
- 39,800 - 39,800 74,710
- 22,641 - 22,641 28,871
- 24,333- 24,333-
- - - - -
- - - - -
- 46,974 - 46,974 28,871
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - - - -
- - - - -
- - - - -
-39,800-39,80074,710
- - - -
- - - - -
- - - -
- 39,800 - 39,800 74,710
- 22,641 - 22,641 28,871
- 24,333- 24,333-
- - - - -
- - - - -
- 46,974 - 46,974 28,871
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - - - -
- - - - -
- - - - -
-39,800-39,80074,710
- - - -
- - - - -
- - - -
- 39,800 - 39,800 74,710
- 22,641 - 22,641 28,871
- 24,333- 24,333-
- - - - -
- - - - -
- 46,974 - 46,974 28,871
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - - - -
- - - - -
- - - - -
-39,800-39,80074,710
- - - -
- - - - -
- - - -
- 39,800 - 39,800 74,710
- 22,641 - 22,641 28,871
- 24,333- 24,333-
- - - - -
- - - - -
- 46,974 - 46,974 28,871
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - - - -
- - - - -
- - - - -
-39,800-39,80074,710
- - - -
- - - - -
- - - -
- 39,800 - 39,800 74,710
- 22,641 - 22,641 28,871
- 24,333- 24,333-
- - - - -
- - - - -
- 46,974 - 46,974 28,871
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|
|---|---|---|---|---|---|---|
||Donations andgifts|-|-|-|-|-|
||Gift Aid|-|-|-|-|-|
||Legacies|-|-|-|-|-|
||General grants provided by government/other
charities|-|39,800|-|39,800|74,710|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-||
||Donatedgoods,facilities and services|-|-|-|-|-|
||Other|-|-|-|-||
||**Total**|-|39,800|-|39,800|74,710|
||||||||
||Performances|-|22,641|-|22,641|28,871|
||Carnival|-|24,333|-|24,333|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|46,974|-|46,974|28,871|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Interest income|-|-|-|-|-|
||Dividend income|-|-|-|-|-|
||Rental and leasingincome|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Conversion of endowment funds into income|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset held
for charity's own use|
-|-|-|-|-|
||Gain on disposal of a programme related
investment|-|-|-|-|-|
||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-|
||Other|-|-|-|-|-|
## **TOTAL INCOME**
**Total** - - - - - - 86,774 - 86,774 103,581
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Ace Lottery**
**Other**
**Westminister Council**
**Arts Council**
**Other**|**This year**
**£**
**Description**|**This year**
**£**
**Description**|
|---|---|---|
|||19,800|
|||-|
||**Total**
**Description**|19,800|
|||**Last year**
**£**|
|||28,490|
|||20,100|
|||-|
||**Total**|48,590|
**Section C Notes to the accounts (cont)**
## **Note 5 Tangible fixed assets**
## _**Please complete this note if the charity has any tangible fixed assets**_
## **5.1 Cost or valuation**
|At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant, machinery and**
**motor vehicles**
**£**|**Fixtures, fittings and**
**equipment**
**£**|**Total**
**£**|
|---|---|---|---|---|---|
||-|-|248,954|-|248,954|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|248,954|-|248,954|
## **5.2 Depreciation and impairments**
|****Basis**
**** Rate**
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
**5.3 Net book value**|SL or RB (Straight
Line or Reducing
Balance)|SL or RB|SL or RB|SL or RB|SL or RB|
|---|---|---|---|---|---|
||||25%|||
|||||||
||-|-|243,874|-|243,874|
||-|-|-|-|-|
||-|-|1,270|-|1,270|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|245,144|-|245,144|
|||||||
||-|-|5,080|-|5,080|
||-|-|3,810|-|3,810|
**Section C Notes to the accounts (cont)**
## **Note 6 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **6.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts**
**or performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due**
**within one year**|**Amounts falling due**
**within one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||23,739|3,378|-|-|
||23,739|3,378|-|-|
## **Section C Notes to the accounts (cont)**
**Note 7 Cash at bank and in hand**
|**Note 7 Cash at bank and in hand**|||
|---|---|---|
|**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**£**|**Last year**
**£**|
||-|-|
||-|-|
||1,494|3,593|
||-|-|
||1,494|3,593|
## **Section C Notes to the accounts (cont)**
## **Note 8 Charity funds**
## **8.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|Restricted|R|These funds are held for the meeting the
objectives of the charity, but are restricted
according to the specific purpose they
were generatedfor.|
5,295|86,774|- 110,504|-|-|- 18,435|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
|**_Other funds (balancing_**
**_figure)_**|**N/a**|**N/a**|-|-|-|-|-|-|
|**Fund balances carried forward include assets and liabilities denominated in a foreign currency**
**Total Funds as per balance sheet**|||5,295|86,774|- 110,504|-|-|- 18,435|
|||||Yes*
No*
|||||
||||||||||
## **Section C Notes to the accounts (cont)**
## **Note 8 Charity funds**
## **8.2 Details of material funds held and movements during the PREVIOUS reporting period**
|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|Restricted|R|These funds are held for the meeting the
objectives of the charity, but are restricted
according to the specific purpose they
were generatedfor.|
2,999|103,581|-91,080|- 10,205|-|5,295|
|UnrestrictedRevenueFunds|UR|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 theiruse.|
29,231|-|-39,436|10,205|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
|**_Other funds (balancing_**
**_figure)_**|**N/a**|**N/a**|-|-|-|-|-|-|
|**Total Funds as per balance sheet**|||32,230|103,581|- 130,516|-|-|5,295|
|**Fund balances carried forward include assets and liabilities denominated in a foreign currency**||||Yes*
No*
|||||
||||||||||
**Section C Notes to the accounts (cont)**
## **Note 8 Charity funds (cont)**
## **8.3 Transfers between funds**
## **This year**
|**Thisyear**|||
|---|---|---|
||**Reason for transfer and where endowment is converted to income,**
**legalpower for its conversion**|**Amount**
|
|Between unrestricted and
restricted funds||-|
|Between endowment and
restricted funds||-|
|Between endowment and
unrestricted funds||-|
|||-|
## **Last year**
|**Lastyear**|||
|---|---|---|
||**Reason for transfer and where endowment is converted to income,**
**legal power for its conversion**|**Amount**
|
|Between unrestricted and
restricted funds|To cover excess expenditure in unrestricted funds|10,205|
|Between endowment and
restricted funds||-|
|Between endowment and
unrestricted funds||-|
|||10,205|