**CHARITY NUMBER: 1099419**
## **BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION**
## **REPORT AND FINANCIAL STATEMENTS**
## **30 SEPTEMBER 2020**
Page | 0
**BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION YEAR ENDED 30 SEPTEMBER 2020**
|**CONTENTS**|**Page**|
|---|---|
|Professional Advisers|1|
|Trustees Report|2 - 3|
|Independent Examiners’ Report|4|
|Consolidated Statement of Financial Activities|5|
|Consolidated Balance Sheet|6|
|Notes to the Financial Statements|7 - 8|
Page | 1
**BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION PROFESSIONAL ADVISERS**
## **YEAR ENDED 30 SEPTEMBER 2020**
**MEMBERS OF THE EXECUTIVE**
**COMPANY SECRETARY**
E Orobator K McKenzie J Puma P Radley Smith K McKenzie
**BANKERS** Royal Bank of Scotland 62/63 Threadneedle Street London EC2R 8LA **ACCOUNTANTS** R Nadarajasuntharam ACMA MBA Best Solutions 7 Hill Close Purley CR8 1JR **REGISTERED ADDRESS FOR CORRESPONDENCE** 95 Chinbrook Road Grove Park London SE12 9QL **CHARITY NUMBER** 1099419
Page 5
# **BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 30 SEPTEMBER 2020**
The Members of the Executive, which includes the Trustees of the charity have pleasure in presenting their report and financial statements for the year ended 30 SEPTEMBER 2020.
## **THE CHARITY**
Black Minority Ethnic Television, Film and Media (BME TVFM ) is a non profit voluntary organisation. It is registered with the Charity Commission under numbe 1099419. Charitable Status was obtained on 19[th] September 2003.
BMETVFM is a Foundation with strategic aims. It has launched a series of foundation and learning opportunities that had a clear path towards employment in the creative industries or elsewhere. We are here to support disadvantaged communities with fewer opportunities in the work place, with fewer learning opportunities and with fewer recreation and leisure opportunities.
## **REVIEW OF THE BUSINESS AND ACTIVITIES DURING THE YEAR**
The pandemic and national emergency curtailed our plans to provide an Exhibition and Roadshow planned for June 2020 to August 2020 designed to attract more support, volunteers and to run projects in sport, broadcasting and personal development . We still continued with the volunteer maintenance and updating of Our Heritage TV, website, app and bmetv.net our internet television channel. Subject to the development and continued inpact of the pandemicn we do paln to overhaul the internet television channel and to consider working with volunteer members of the profession to offer advice and support on a career in the industry.
## **FINANCIAL REVIEW**
Once again there were no financial activities to report on other than the usual support of i2i media In maintaining our internet television channel and completion of phase 2 of our heritage TV.
## **FUTURE**
This remains a difficult and uncertain time for the charity. Not in terms of its financial stability or viability because we have always planned our activities linked to resources and funds raised. It is crucial because we have to remain relevant to the industry and the needs of our members. Because of our herigage website, mobile app and mobile website, we remain absolutely relevant and ensuring that the Black and Asian presence in broadcasting and other areas is recognised. This will continue to drive our focus moving forward.
Page | 6
# **BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION**
## **TRUSTEES’ REPORT (CONTINUED) YEAR ENDED 30 SEPTEMBER 2019**
## **METHOD OF APPOINTMENT OF TRUSTEES**
The trustees and Lead Volunteers of the Charity are the Executive Board who are appointed by the Charity in a Trustee meeting and can be added to in accordance with resolutions approved at the Annual General Meeting of the Charity. There were changes to the Executive in 2018/19.
## **INVESTMENTS POWERS**
There are no specific restrictions on the power of investment of the Executive Board.
## **INVESTMENT POLICY & PERFORMANCE**
The Executive Board will prioritise the enhancement of our new Hertiage App as we maintain our wish for it to evolve as a potential source of investment income within the next 3 years. This will be in line with our successful development of the first online Black & Asian Heritage Archive – www.ourheritage.tv
## **RESERVES POLICY**
The Executive is committed to maintaining a level of reserves that is accordance with its charitable objectives.
## **RISK ASSESSMENT**
The Trustees continue to keep the Charity’s activities under review and monitor performance, with particular regard to any major risks which may arise. The Trustees have assessed and categorised the risks which the Charity is, or may become, exposed to in order to ensure that there are satisfactory systems established to mitigate those risks.
A review of risks will be carried out by the Trustees on an annual basis in order to ensure that the process is constantly reviewed and updated.
## **ACCOUNTANTS & INDEPENDENT EXAMINERS**
In accordance with Section 43of the Charities Act 1993, a resolution proposing the reappointment of Nada Rajasunthuram ACMA MBA as the Accountant & Independent Examiner to the charity will be put to the annual general meeting.
Approved by the Executive on 8 January 2020 and signed on their behalf by Ewemade Orobator BA Hons BMETVFM, President
Trustee
Page | 7
## **INDEPENDENT EXAMINERS’ REPORT TO THE MEMBERS OF BLACK AND MINORITY ETHNIC TELEVESION, FILM AND MEDIA**
In accordance with the terms of my appointment I have examined the accounts on pages 5 to 11 which have been prepared under the accounting policies set out on Page 7.
## Respective responsibilities of the Trustees' and Examiner
As described on Page 3 the charity's trustees are responsible for the preparation of the accounts, they consider that the audit requirement under section 43 (2) of the Charities Act 1993 (the Act) does not apply. I have been appointed under section 43 of the Act and report in accordance with the regulations made under section 44 of the Act. It is my responsibility to examine the account and statement, without performing an audit, and to report to the trustees.
Basis of Independent Examiner's Statement
This report is in respect of an examination carried out under section 43 of the Act, and in accordance with the directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purposes of this report. The procedures undertaken do not constitute an audit.
Independent Examiner's Statement
Based on my examination, no matter has come to my attention :
- 1) which gives me reasonable cause to believe that in any material respect accounting records have not been kept in accordance with section 41 of the Act, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Act.
- 2) No matter has come to my attention in connection with my examination to which, in my opinion attention should be drawn to enable a proper understanding of the accounts.
R Nadarajasuntharam ACMA MBA Chartered Management Accountant 7 Hill Close Purley Surrey CR8 1JR
Page | 8
## **BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES –SEE NOTE 1**
## _**(including an income and expenditure account)**_ **YEAR ENDED 30 SEPTEMBER 2020**
|Notes
**INCOMING RESOURCES**
London Councils
Other Grant Projects
**Activities in furtherance of the charity’s objects:**
Donations – Internet Technlogy Project
Donations – Individuals
**Activities for generating funds:**
BME TVFM Limited – Events
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Cost of generating Funds:**
Events
**Charitable expenditure:**
Direct charitable expenditure
Internet Development & Management
Costs
Management and administration of the
Charity
**TOTAL RESOURCES EXPENDED**
**NET (OUTGOING)/INCOMING RESOURCES**
**Net Income for the Year**
**NET MOVEMENT IN FUNDS**
Fund balance brought forward
At 30 September 2019
**FUND BALANCE CARRIED**
**FORWARD AT 30 SEPTEMBER 2020**|Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-|Restricted
Funds
£
-
-
41,311
-
-
41,311
-
-
41,311
600
41,911
(600)
(600)|**Total Funds**
**2020**
**£**
**-**
**-**
**41,311**
**-**
**-**
**41,311**
**-**
**-**
**41,311**
**600**
**41,911**
**(600)**
**(600)**
**2,470**|_2019_
_£_
_-_
_-_
_82,455_
-|
|---|---|---|---|---|
|||||_82,455_|
|||||**-**
_6,442_
_82,455_
_600_|
|||||_89,497_|
|||||_(7,042_**)**|
|||||_(7,042_**)**
_3,070_|
|||||_10,112_|
**The notes on pages 7 to 8 form part of these financial statements**
Page | 9
**BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION CONSOLIDATED BALANCE SHEET 30 SEPTEMBER 2019**
||Notes||**2020**|_2019_|
|---|---|---|---|---|
||||**£**|_£_|
|**FIXED ASSETS**|||||
|Tangible fixed assets|6||**41,311**|_74,611_|
|Investments|||**-**|_-_|
||||**41,311**|_74,611_|
|**CURRENT ASSETS**|||||
|Stocks||**-**|||
|Debtors||**-**|||
|Cash at bank and in hand||**2,470**|||
|||**-**|||
|**CREDITORS**: amounts falling due within one year|||||
|**NET CURRENT ASSETS**|||**2,470**|_3,070_|
|**TOTAL NET ASSETS**|||**43,781**|_77,681_|
|**FUNDS**|4||||
|Restricted Funds|||-|_5_|
|UnRestricted Funds|||2,470|_3,065_|
||||**2,470**|_3,070_|
Approved by the Executive on 18 February 2021 and signed on their behalf by Ewemade Orobator BA Hons BMETVFM, President
Trustee
**The notes on pages 7 to 8 form part of these financial statements**
Page | 10
**BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA CHARITABLE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2020**
## **1. ACOUNTING POLICIES**
## **a) Basis of preparation**
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of freehold properties and investments. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) issued in 2000, ‘Accounting and Reporting by Charities’ and applicable accounting standards.
## **b) Basis of consolidation**
The financial statements incorporate the assets and liabilities of the Charity’s subsidiaries as at 30 SEPTEMBER 2020 and their results for the year to 30 SEPTEMBER 2020.
## **c) Income**
Income relating to the internet television project which includes forgone fees, is accounted for as received, unless it relates to future periods, in which case the appropriate portion is carried forward as deferred income. Other income is accounted for as received.
Income represents amounts receivable net of VAT where applicable.
## **d) Expenditure**
Direct charitable expenditure comprises direct expenses incurred on the defined charitable purposes of the Charity and includes volunteer expenses directly attributable to the charitable activities.
Fundraising and publicity costs are those incurred in promoting the Charity and its activities both internally with the members and externally in the industry with the intention of attracting additional members and funding.
Support Costs comprises expenditure in support of the objects of the charity.
Management and administration costs include expenditure on compliance with constitutional and statutory requirements.
Expenses are included on an accruals basis.
Where costs cannot be assigned entirely to direct charitable expenses, fundraising and publicity, support costs or management and administration, they have been allocated between these categories on the basis of time spent on these three areas.
## **e) Restricted Funds**
These are monies, which have legal restrictions on their use where donors have specified the funds can only be spent on certain of the charity’s activities.
## **BLACK AND MINORITY ETHNIC TELEVISION, FILM & MEDIA**
Page | 11
**CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 30 SEPTEMBER 2020**
## **2. TOTAL RESOURCES EXPENDED**
|**Direct Charitable Expenditure related Project Costs:**
Administration Disbursements
Project Costs to 30thSept 2020
Additional Office Costs
Trustee Expenses|**2020**
**£**
**-**
**-**
**600**
**-**
**600**|_2019_
_£_
_-_
_6,442_
_600_
_-_|
|---|---|---|
|||_7,042_|
No emoluments for services to the Charity were received by any of the Trustees or volunteers during the year. Trustee received received reimbursed expenses during the year against their travel cost and other expenses reasonably incurred on behalf of the Charity.
There were no staff costs to the Charity for 2019/20. All Management Costs relate to employing outside Project Specialists – Coaches, Trainers , Guest Speakers etc....
## **3. TAXATION**
The Black and minority ethnic televesion, Film and Media is a registered charity and as such is entitled to the exemptions from tax afforded by section 505 ICTA 1988 and section 256 TCGA 1992 so far as its income and gains are applied for charitable purposes.
## **4. RESTRICTED FUNDS**
The restricted funds relate to expenditure designated for specific projects. These were for Radio Broadcasting and Basketball Also the investment made by i2i Technology was exclusively towards the development of the Internet Television Channel.
.
## **5. SHARE CAPITAL**
The charity does not have any share capital.
## **6. TANGIBLE FIXED ASSETS**
This relates to the website www.bmetv.net has depreciated owing to the acceleration of other streaming services such as Netflix and Amazon Prime. The Trustees plan to undertake an overhauk of the service in 2020/21 to modernise the offer and attractive of the site that still maintain a loyal if not smaller fan base.
Page | 12