**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: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. 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