REGISTERED CHARITY NUMBER: 1105723
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2023
| 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 | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
BIRMINGHAM URBAN RHYTHM NETWORK
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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
Approved by order of the board of trustees on 29 July 2023 and signed on its behalf by:
D Jarrett - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIRMINGHAM URBAN RHYTHM NETWORK
Independent examiner's report to the trustees of Birmingham Urban Rhythm Network
I report to the charity trustees on my examination of the accounts of Birmingham Urban Rhythm Network (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Stephen Bonna The Association of Chartered Certified Accountants
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 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 424,701 EXPENDITURE ON Raising funds 2 349,594 NET INCOME 75,107 RECONCILIATION OF FUNDS Total funds brought forward 107,371 TOTAL FUNDS CARRIED FORWARD 182,478 |
2022 Total funds £ 288,755 |
|---|---|
| 218,133 | |
| 70,622 36,749 |
|
| 107,371 |
The notes form part of these financial statements
Page 3
BIRMINGHAM URBAN RHYTHM NETWORK
BALANCE SHEET 31 March 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 49,336 CURRENT ASSETS Debtors 6 18,686 Cash at bank 7 119,661 138,347 CREDITORS Amounts falling due within one year 8 (5,205) NET CURRENT ASSETS 133,142 TOTAL ASSETS LESS CURRENT LIABILITIES 182,478 NET ASSETS 182,478 FUNDS 9 Unrestricted funds 182,478 TOTAL FUNDS 182,478 |
2022 Total funds £ 40,122 - 68,780 68,780 (1,531) 67,249 107,371 107,371 107,371 107,371 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 July 2023 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 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
2. RAISING FUNDS
Raising donations and legacies
| Staff costs Trustees' expenses Studio Hire Insurance Telephone Postage and stationery Cleaning Subscriptions Training Music Workshop DBS Checks Uniform Mentoring Promotion &Marketing Catering Youth Residence Office Supplies Youth Workers Interest payable and similar charges Support costs Investment management costs Vehicle Hire Aggregate amounts |
|
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trustees' expenses | 200 | 50 |
Page 6
continued...
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 288,755 |
| EXPENDITURE ON | |
| Raising funds | 218,133 |
| NET INCOME | 70,622 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 36,749 |
| TOTAL FUNDS CARRIED FORWARD | 107,371 |
5.
TANGIBLE FIXED ASSETS
| Musical Equipments £ COST At 1 April 2022 17,143 Additions 17,815 At 31 March 2023 34,958 DEPRECIATION At 1 April 2022 3,699 Charge for year 3,126 At 31 March 2023 6,825 NET BOOK VALUE At 31 March 2023 28,133 At 31 March 2022 13,444 |
Computer Fixtures and and Office fittings Equipments £ £ 5,071 27,343 594 - 5,665 27,343 667 5,069 500 5,569 1,167 10,638 4,498 16,705 4,404 22,274 |
Totals £ 49,557 18,409 |
|---|---|---|
| 67,966 | ||
| 9,435 9,195 |
||
| 18,630 | ||
| 49,336 | ||
| 40,122 |
continued...
Page 7
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 7. CASH AT BANK Bank account no. 1 Total 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Accrued expenses 9. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 107,371 TOTAL FUNDS 107,371 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 424,701 TOTAL FUNDS 424,701 |
2023 £ 18,686 2023 Total funds £ 119,661 119,661 2023 £ 2,335 2,870 5,205 Net movement in funds £ 75,107 75,107 Resources expended £ (349,594) (349,594) |
|||
|---|---|---|---|---|
continued...
Page 8
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,749 | 70,622 | 107,371 |
| TOTAL FUNDS | 36,749 | 70,622 | 107,371 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 288,755 288,755 |
Resources Movement expended in funds £ £ (218,133) 70,622 (218,133) 70,622 |
Resources Movement expended in funds £ £ (218,133) 70,622 (218,133) 70,622 |
|---|---|---|---|
| 70,622 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 36,749 36,749 |
Net movement in funds £ 145,729 145,729 |
At 31.3.23 £ 182,478 |
|---|---|---|---|
| 182,478 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 713,456 713,456 |
Resources Movement expended in funds £ £ (567,727) 145,729 (567,727) 145,729 |
Resources Movement expended in funds £ £ (567,727) 145,729 (567,727) 145,729 |
|---|---|---|---|
| 145,729 |
continued...
Page 9
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 10
BIRMINGHAM URBAN RHYTHM NETWORK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Grants Total incoming resources EXPENDITURE Raising donations and legacies Trustees' expenses Consultancy fees Studio Hire Insurance Telephone Postage and stationery Cleaning Subscriptions Training Music Workshop DBS Checks Uniform Mentoring Promotion &Marketing Catering Youth Residence Office Supplies Youth Workers Bank charges Other trading activities Aim Higher Project Video Production Wages Pensions Hire of Equipments Promotions & Events Plant and machinery Fixtures and fittings Computer equipment Investment management costs Vehicle Hire Support costs |
2023 £ 424,701 424,701 200 10,001 9,180 804 1,206 540 108 440 19,350 7,800 599 3,663 13,998 - 1,614 9,343 214 2,726 1 81,787 5,312 23,034 178,217 3,414 5,521 10,955 3,126 500 5,569 235,648 12,000 |
2022 £ 288,755 |
|---|---|---|
| 288,755 50 9,641 13,000 799 1,130 256 135 2,644 18,309 35,233 717 1,167 1,679 3,600 7,991 - - - 8 |
||
| 96,359 - - 112,141 - - - 1,494 489 2,475 |
||
| 116,599 - |
This page does not form part of the statutory financial statements
Page 11
BIRMINGHAM URBAN RHYTHM NETWORK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 |
||
|---|---|---|
| Support costs Management Travelling expenses Information technology Repairs and renewals Human resources Website and internet services Governance costs Accountancy Book-keeping services Total resources expended Net income |
2023 £ 10,534 5,719 491 2,260 1,155 3,415 349,594 75,107 |
2022 £ 2,995 1,842 188 - 150 |
| 150 | ||
| 218,133 | ||
| 70,622 |
This page does not form part of the statutory financial statements
Page 12