REGISTERED CHARITY NUMBER: 1105723
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 14 January 2025 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 2024.
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
28 January 2025
Page 2
BIRMINGHAM URBAN RHYTHM NETWORK
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 372,810 EXPENDITURE ON Raising funds 2 379,234 NET INCOME/(EXPENDITURE) (6,424) RECONCILIATION OF FUNDS Total funds brought forward 182,478 TOTAL FUNDS CARRIED FORWARD 176,054 |
2023 Total funds £ 424,701 |
|---|---|
| 349,594 | |
| 75,107 107,371 |
|
| 182,478 |
The notes form part of these financial statements
Page 3
BIRMINGHAM URBAN RHYTHM NETWORK
BALANCE SHEET 31 March 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 46,898 CURRENT ASSETS Debtors 6 21,343 Cash at bank 7 111,826 133,169 CREDITORS Amounts falling due within one year 8 (4,013) NET CURRENT ASSETS 129,156 TOTAL ASSETS LESS CURRENT LIABILITIES 176,054 NET ASSETS 176,054 FUNDS 9 Unrestricted funds 176,054 TOTAL FUNDS 176,054 |
2023 Total funds £ 49,336 18,686 119,661 138,347 (5,205) 133,142 182,478 182,478 182,478 182,478 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 14 January 2025 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 2024
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 2024
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 Advertisement Interest payable and similar charges Support costs Investment management costs Vehicle Hire Aggregate amounts |
2024 £ 2,940 450 29,900 836 609 149 - 326 24,900 35,912 307 - 18,339 7,513 - 9,343 1,096 2,648 350 - 20,628 156,246 2024 £ 11,000 379,234 |
2023 £ 10,001 200 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 3,308 |
|
|---|---|---|---|
| 85,095 | |||
| 2023 £ 12,000 349,594 |
2023 £ 12,000 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
| Trustees' expenses | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Trustees' expenses | 450 | 200 |
Page 6
continued...
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 424,701 |
| EXPENDITURE ON | |
| Raising funds | 349,594 |
| NET INCOME | 75,107 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 107,371 |
| TOTAL FUNDS CARRIED FORWARD | 182,478 |
5. TANGIBLE FIXED ASSETS
| Musical Equipments £ COST At 1 April 2023 34,958 Additions 4,728 At 31 March 2024 39,686 DEPRECIATION At 1 April 2023 6,825 Charge for year 3,286 At 31 March 2024 10,111 NET BOOK VALUE At 31 March 2024 29,575 At 31 March 2023 28,133 |
Computer Fixtures and and Office fittings Equipments £ £ 5,665 27,343 - 995 5,665 28,338 1,167 10,638 450 4,425 1,617 15,063 4,048 13,275 4,498 16,705 |
Totals £ 67,966 5,723 |
|---|---|---|
| 73,689 | ||
| 18,630 8,161 |
||
| 26,791 | ||
| 46,898 | ||
| 49,336 |
continued...
Page 7
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 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 1.4.23 £ Unrestricted funds General fund 182,478 TOTAL FUNDS 182,478 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 372,810 TOTAL FUNDS 372,810 |
2024 £ 12,000 9,343 21,343 2024 Total funds £ 111,826 111,826 2024 £ 2,008 2,005 4,013 Net movement in funds £ (6,424) (6,424) Resources expended £ (379,234) (379,234) |
||
|---|---|---|---|
continued...
Page 8
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 107,371 107,371 |
Net movement in funds £ 75,107 75,107 |
At 31.3.23 £ 182,478 |
|---|---|---|---|
| 182,478 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 424,701 424,701 |
Resources Movement expended in funds £ £ (349,594) 75,107 (349,594) 75,107 |
Resources Movement expended in funds £ £ (349,594) 75,107 (349,594) 75,107 |
|---|---|---|---|
| 75,107 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 107,371 107,371 |
Net movement in funds £ 68,683 68,683 |
At 31.3.24 £ 176,054 |
|---|---|---|---|
| 176,054 |
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 £ 797,511 797,511 |
Resources Movement expended in funds £ £ (728,828) 68,683 (728,828) 68,683 |
Resources Movement expended in funds £ £ (728,828) 68,683 (728,828) 68,683 |
|---|---|---|---|
| 68,683 |
continued...
Page 9
BIRMINGHAM URBAN RHYTHM NETWORK
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 10
BIRMINGHAM URBAN RHYTHM NETWORK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024
| 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 Advertisement 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 |
2024 £ 372,810 372,810 450 2,940 29,900 836 609 149 - 326 24,900 35,912 307 - 18,339 7,513 - 9,343 1,096 2,648 350 - 135,618 27,754 22,636 148,822 3,140 1,475 - 3,286 450 4,425 211,988 11,000 |
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 |
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 2024
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024 |
||
|---|---|---|
| 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 (expenditure)/income |
2024 £ 12,495 3,988 1,645 1,840 660 2,500 379,234 (6,424) |
2023 £ 10,534 5,719 491 2,260 1,155 |
| 3,415 | ||
| 349,594 | ||
| 75,107 |
This page does not form part of the statutory financial statements
Page 12