REGISTERED CHARITY NUMBER: 1105723
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR BIRMINGHAM URBAN RHYTHM NETWORK
Bonna & Co 591a Holly Lane Erdington Birmingham West Midlands B24 9LU
BIRMINGHAM URBAN RHYTHM NETWORK
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
BIRMINGHAM URBAN RHYTHM NETWORK
REPORT OF THE TRUSTEES for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1105723
Principal address
100 Alma Way Aston Birmingham West Midlands B19 2LN
Trustees
D Jarrett Trustee J Pitt Trustee S Uddin Miss K Dennis-Gayle
Independent examiner
Stephen Bonna Bonna & Co 591a Holly Lane Erdington Birmingham West Midlands B24 9LU
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 24 May 2022 and signed on its behalf by:
D Jarrett - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIRMINGHAM URBAN RHYTHM NETWORK
I report on the accounts for the year ended 31 March 2022, which are set out on pages three to nine.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Stephen Bonna Bonna & Co 591a Holly Lane Erdington Birmingham West Midlands B24 9LU
Date: .............................................
Page 2
BIRMINGHAM URBAN RHYTHM NETWORK
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
| 2022 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 288,755 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 2 103,017 Fundraising trading: cost of goods sold and other costs 116,599 Total resources expended 219,616 NET INCOMING/(OUTGOING) RESOURCES 69,139 RECONCILIATION OF FUNDS Total funds brought forward 36,749 TOTAL FUNDS CARRIED FORWARD 105,888 |
2021 Total funds £ 130,086 94,462 66,783 161,245 (31,159) 67,908 36,749 |
|---|---|
The notes form part of these financial statements
Page 3
BIRMINGHAM URBAN RHYTHM NETWORK
BALANCE SHEET At 31 March 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 40,122 CURRENT ASSETS Cash at bank 6 68,780 CREDITORS Amounts falling due within one year 7 (3,014) NET CURRENT ASSETS 65,766 TOTAL ASSETS LESS CURRENT LIABILITIES 105,888 NET ASSETS 105,888 FUNDS 8 Unrestricted funds 105,888 TOTAL FUNDS 105,888 |
2021 Total funds £ 35,246 11,835 (10,332) 1,503 36,749 36,749 36,749 36,749 |
|---|---|
The financial statements were approved by the Board of Trustees on 24 May 2022 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 4
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 5
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2022
2. COSTS OF GENERATING VOLUNTARY INCOME
| Staff costs Trustees' expenses Studio Hire Insurance Telephone Postage and stationery Cleaning Subscriptions Consultancy fees -fund raising Training Music Workshop DBS Checks Uniform Mentoring Design & Marketing Catering Interest payable and similar charges Support costs |
2022 £ 9,641 50 13,000 799 1,208 256 135 2,644 - 18,309 35,293 717 1,167 1,679 4,035 7,991 8 6,085 103,017 |
2021 £ 67,939 - 12,237 792 1,224 79 12 169 3,000 5,090 316 - - - - - 5 3,599 |
|---|---|---|
| 94,462 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021 .
Trustees' expenses
| Trustees' expenses STAFF COSTS Wages and salaries The average monthly number of employees during the year was as follows: |
2022 £ 50 2022 £ 121,782 2022 - |
2021 £ - 2021 £ 127,630 |
2021 £ - |
|---|---|---|---|
| 2021 - |
4. STAFF COSTS
No employees received emoluments in excess of £60,000.
Page 6
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2022
5. TANGIBLE FIXED ASSETS
| Computer and | |||||
|---|---|---|---|---|---|
| Musical | Fixtures and | Office | |||
| Equipments | fittings | Equipments | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 April 2021 | 12,507 | 1,781 | 25,935 | 40,223 | |
| Additions | 4,636 | 3,290 | 1,408 | 9,334 | |
| At 31 March 2022 | 17,143 | 5,071 | 27,343 | 49,557 | |
| DEPRECIATION | |||||
| At 1 April 2021 | 2,205 | 178 | 2,594 | 4,977 | |
| Charge for year | 1,494 | 489 | 2,475 | 4,458 | |
| At 31 March 2022 | 3,699 | 667 | 5,069 | 9,435 | |
| NET BOOK VALUE | |||||
| At 31 March 2022 | 13,444 | 4,404 | 22,274 | 40,122 | |
| At 31 March 2021 | 10,302 | 1,603 | 23,341 | 35,246 | |
| 6. | CASH AT BANK | ||||
| 2022 | 2021 | ||||
| Total funds | Total funds | ||||
| £ | £ | ||||
| Bank account no. 1 | 68,780 | 11,835 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Social security and other taxes | 1,531 | 3,156 | |||
| Other creditors | - | 79 | |||
| Accrued expenses | 1,483 | 7,097 | |||
| 3,014 | 10,332 | ||||
| 8. | MOVEMENT IN FUNDS |
| Net movement | |||
|---|---|---|---|
| At 1.4.21 | in funds | At 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,749 | 69,139 | 105,888 |
| TOTAL FUNDS | 36,749 | 69,139 | 105,888 |
Page 7
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 288,755 | (219,616) | 69,139 |
| TOTAL FUNDS | 288,755 | (219,616) | 69,139 |
| Comparatives for movement in funds | |||
| Net movement | |||
| At 1.4.20 | in funds | At 31.3.21 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | 67,908 | (31,159) | 36,749 |
| TOTAL FUNDS | 67,908 | (31,159) | 36,749 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 130,086 | (161,245) | (31,159) |
| TOTAL FUNDS | 130,086 | (161,245) | (31,159) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement | |||
|---|---|---|---|
| At 1.4.20 | in funds | At 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 67,908 | 37,980 | 105,888 |
| TOTAL FUNDS | 67,908 | 37,980 | 105,888 |
Page 8
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 418,841 | (380,861) | 37,980 |
| TOTAL FUNDS | 418,841 | (380,861) | 37,980 |
Page 9
BIRMINGHAM URBAN RHYTHM NETWORK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
| INCOMING RESOURCES Voluntary income Grants Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Trustees' expenses Consultancy fees Studio Hire Insurance Telephone Postage and stationery Cleaning Subscriptions Consultancy fees -fund raising Training Music Workshop DBS Checks Uniform Mentoring Design & Marketing Catering Bank charges Fundraising trading: cost of goods sold and other costs Aim Higher Project Video Production Wages Plant and machinery Fixtures and fittings Computer equipment Support costs Management Travelling expenses |
2022 £ 288,755 288,755 50 9,641 13,000 799 1,208 256 135 2,644 - 18,309 35,293 717 1,167 1,679 4,035 7,991 8 96,932 - - 112,141 1,494 489 2,475 116,599 2,995 |
2021 £ 130,086 |
|---|---|---|
| 130,086 - 67,939 12,237 792 1,224 79 12 169 3,000 5,090 316 - - - - - 5 |
||
| 90,863 1,675 1,500 59,691 1,145 178 2,594 |
||
| 66,783 1,684 |
This page does not form part of the statutory financial statements
Page 10
BIRMINGHAM URBAN RHYTHM NETWORK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
| Information technology Repairs and renewals Human resources Website and internet services Other 4 Accountancy Book-keeping services Total resources expended Net income/(expenditure) |
2022 £ 1,842 188 700 360 1,060 219,616 69,139 |
2021 £ 875 - 600 440 1,040 161,245 (31,159) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11