REGISTERED COMPANY NUMBER: 06614442 (England and Wales) REGISTERED CHARITY NUMBER: 1124982
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30th June 2021
for
Freedom Road Creative Arts (A Company Limited by Guarantee)
Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
Freedom Road Creative Arts
Contents of the Financial Statements for the year ended 30th June 2021
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Chairman's Report | 2 |
| Report of the Trustees | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 13 |
Freedom Road Creative Arts
Reference and Administrative Details for the year ended 30th June 2021
TRUSTEES C Clark Chair Ms J Cocker I Priddle Secretary Ms J Brodie A Ali (appointed 20.8.2021) Ms S E Knight A J Kelsey L D Danaher (appointed 1.9.2021) COMPANY SECRETARY I Priddle REGISTERED OFFICE The Albermarle Music Centre 60 Ferensway Hull HU2 8LN
REGISTERED COMPANY 06614442 (England and Wales) NUMBER
REGISTERED CHARITY 1124982 NUMBER INDEPENDENT EXAMINER Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
Page 1
Freedom Road Creative Arts
Chairman's Report for the year ended 30th June 2021
Following a difficult beginning to 2020 with the pandemic, June appeared to have heralded new hope for everyone and for us the opportunity to re-start some of the projects and in that be able to re-engage with the young people in the form of new ideas.
The Podcast project, now called "Podcast Corner" began in partnership with the Family Support Network focussing on Healthy Dependable Relationships; the FRCA-FM show had continued to happen, this providing young bands and artists an alternative platform to be heard, and with new premises in the Prospect Centre, a small recording studio was established.
Added to this, by September we were able to restart weekly sessions in music/drama and dance.
However, when the next wave of Covid came late 2020, things were again postponed, and online projects re-introduced. As an example, the music groups produced a zoom edition of Step into Christmas and Ruby and Courtney appeared in the Children in Need Christmas track.
In 2021 when restrictions were relaxed again, we were able to introduce small group sessions. The music sessions focussed on song writing and solo or small group lessons and a new under 8's dance group was introduced and held on a Saturday morning.
We also thought it imperative that young people were given some form of performance to work towards. Therefore, solo artists filmed short sets which were produced and released on social media sites for the May Day Festival.
Throughout all of this work the pastoral element of FRCA has been incredibly busy. The 1:1 support and guidance given to those in need has been in consistent demand as we respond to their needs.
I feel FRCA have worked incredibly hard in developing a range of alternative projects throughout the past 12 months; forging new partnerships with organisations which have opened new opportunities as we move forward and with another 3 year Children in Need grant being awarded the future is secure.
Craig Clark FRCA Chair
Page 2
Freedom Road Creative Arts
Report of the Trustees for the year ended 30th June 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2021. 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).
OBJECTIVES AND ACTIVITIES
Objectives and activities
To act as a resource for young people up to the age of twenty one, in particular but not limited to those living in Kingston upon Hull and the East Riding of Yorkshire by providing advice and assistance and organising programmes of creative arts, educational and other activities as a means of:
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a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
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b) advancing education;
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c) relieving unemployment;
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d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons;
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e) promoting activities to foster understanding between young people from different racial groups to promote good relations between young people of different racial groups and from different countries.
Public benefit
The trustees have had due regard to their duty to comply with section 4 of the 2006 Charities Act regarding the public benefit of the objectives of the charity and the Charity Commission's guidance on the same.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain reserves of the charity at a level sufficient to cover the costs for a period of at least six months. Free reserves currently would only cover two months costs and the trustees are exploring all avenues in order to increase the reserves to the amount desired.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Appointment of trustees is governed by the Memorandum and Articles of Association and the Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Induction and training of new trustees
New trustees are inducted by being invited to attend committee meetings in order that they may judge the level of commitment and responsibilities that are involved with being a trustee.
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 13th October 2021 and signed on its behalf by:
C Clark - Trustee
Page 3
Independent Examiner's Report to the Trustees of Freedom Road Creative Arts
Independent examiner's report to the trustees of Freedom Road Creative Arts ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 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.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
J M Sharpley FCA Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
13th October 2021
Page 4
Freedom Road Creative Arts
Statement of Financial Activities
for the year ended 30th June 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 8,943 63,053 EXPENDITURE ON Charitable activities 3 Direct Costs of Charitable Activities 11,111 66,929 NET INCOME/(EXPENDITURE) (2,168) (3,876) RECONCILIATION OF FUNDS Total funds brought forward 4,381 21,296 TOTAL FUNDS CARRIED FORWARD 2,213 17,420 |
2021 Total funds £ 71,996 78,040 (6,044) 25,677 19,633 |
2020 Total funds £ 85,444 62,007 23,437 2,240 25,677 |
|---|---|---|
The notes form part of these financial statements
Page 5
Freedom Road Creative Arts
Balance Sheet 30th June 2021
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Cash at bank 2,987 17,420 CREDITORS Amounts falling due within one year 8 (774) - NET CURRENT ASSETS 2,213 17,420 TOTAL ASSETS LESS CURRENT LIABILITIES 2,213 17,420 NET ASSETS 2,213 17,420 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 20,407 (774) 19,633 19,633 19,633 2,213 17,420 19,633 |
2020 Total funds £ 26,451 (774) 25,677 25,677 25,677 4,381 21,296 25,677 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13th October 2021 and were signed on its behalf by:
C Clark - Trustee
The notes form part of these financial statements
Page 6
Freedom Road Creative Arts
Notes to the Financial Statements for the year ended 30th June 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Taxation
The charity is exempt from corporation 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.
2. DONATIONS AND LEGACIES
| Donations Grants |
2021 £ 8,944 63,052 71,996 |
2020 £ 13,395 72,049 85,444 |
|---|---|---|
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continued...
Freedom Road Creative Arts
Notes to the Financial Statements - continued
for the year ended 30th June 2021
2. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| 2021 £ Children In Need 40,268 Listen Up 16,554 Youth Music - Creative Voice 1,230 Fastn 5,000 63,052 3. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 4) note 5) £ £ Direct Costs of Charitable Activities 77,686 354 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2021 £ Travel costs 261 Refreshments 83 Volunteer expenses 50 Lottery 1,365 Sundry 1,483 Arafest 6,924 Office costs - Bank charges 433 Mobile phone 158 CIN - Volunteer expenses 1,523 CIN - Overhead costs 2,825 CIN - Equipment 3,584 CIN - Transport 839 CIN - Projects 4,770 CIN - Management charges 9,838 CIN - Seasonal workers 4,997 CIN - Arts Awards - James Reckitt Summer School - Listen up project costs 19,080 Rock Challenge - Youth Music 15,152 Headstart - Tribfest - Fastn 4,321 77,686 |
2021 £ Children In Need 40,268 Listen Up 16,554 Youth Music - Creative Voice 1,230 Fastn 5,000 63,052 3. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 4) note 5) £ £ Direct Costs of Charitable Activities 77,686 354 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2021 £ Travel costs 261 Refreshments 83 Volunteer expenses 50 Lottery 1,365 Sundry 1,483 Arafest 6,924 Office costs - Bank charges 433 Mobile phone 158 CIN - Volunteer expenses 1,523 CIN - Overhead costs 2,825 CIN - Equipment 3,584 CIN - Transport 839 CIN - Projects 4,770 CIN - Management charges 9,838 CIN - Seasonal workers 4,997 CIN - Arts Awards - James Reckitt Summer School - Listen up project costs 19,080 Rock Challenge - Youth Music 15,152 Headstart - Tribfest - Fastn 4,321 77,686 |
2020 £ 28,293 17,856 25,900 - - 72,049 Totals £ 78,040 2020 £ 1,471 328 1,871 1,925 2,054 2,018 107 303 - 1,476 3,619 977 895 766 11,232 6,685 49 120 15,726 350 8,289 869 450 - 61,580 |
|---|---|---|
| 77,686 |
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continued...
Freedom Road Creative Arts
Notes to the Financial Statements - continued for the year ended 30th June 2021
5. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Governance | ||
| costs | ||
| £ | ||
| Direct Costs of Charitable Activities | 354 | |
| Support costs, included in the above, are as follows: | ||
| 2021 | 2020 | |
| Direct | ||
| Costs of | ||
| Charitable | Total | |
| Activities | activities | |
| £ | £ | |
| Independent Examiners Fee | 190 | 187 |
| Accountancy fees | 164 | 240 |
| 354 | 427 |
Support costs, included in the above, are as follows:
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th June 2021 nor for the year ended 30th June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th June 2021 nor for the year ended 30th June 2020.
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 13,395 72,049 EXPENDITURE ON Charitable activities Direct Costs of Charitable Activities 10,504 51,503 NET INCOME 2,891 20,546 RECONCILIATION OF FUNDS Total funds brought forward 1,490 750 TOTAL FUNDS CARRIED FORWARD 4,381 21,296 |
Total funds £ 85,444 62,007 23,437 2,240 25,677 |
|---|---|
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continued...
Freedom Road Creative Arts
Notes to the Financial Statements - continued for the year ended 30th June 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | 774 | 774 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.7.20 | in funds | 30.6.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 4,381 | (2,168) | 2,213 | |
| Restricted funds | ||||
| Listen Up | 1,716 | (2,526) | (810) | |
| Children In Need | 3,922 | 11,893 | 15,815 | |
| Health & Wellbeing | (1,048) | - | (1,048) | |
| Headstart | (1,032) | - | (1,032) | |
| Smiles | (1,055) | - | (1,055) | |
| Sunbeam | (31) | - | (31) | |
| Creative Voice | 1,937 | 1,230 | 3,167 | |
| Rank Foundation | (100) | - | (100) | |
| Hull ER Trust | 1,764 | - | 1,764 | |
| Tribune | 748 | - | 748 | |
| Rock Challenge | (870) | - | (870) | |
| Tribfest | (750) | - | (750) | |
| John Reckitt Summer School | (1,516) | - | (1,516) | |
| Youth Music | 17,611 | (15,152) | 2,459 | |
| The Family Stability Network | - | 679 | 679 | |
| 21,296 | (3,876) | 17,420 | ||
| TOTAL FUNDS | 25,677 | (6,044) | 19,633 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 8,943 | (11,111) | (2,168) | |
| Restricted funds | ||||
| Listen Up | 16,554 | (19,080) | (2,526) | |
| Children In Need | 40,269 | (28,376) | 11,893 | |
| Creative Voice | 1,230 | - | 1,230 | |
| Youth Music | - | (15,152) | (15,152) | |
| The Family Stability Network | 5,000 | (4,321) | 679 | |
| 63,053 | (66,929) | (3,876) | ||
| TOTAL FUNDS | 71,996 | (78,040) | (6,044) |
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continued...
Freedom Road Creative Arts
Notes to the Financial Statements - continued for the year ended 30th June 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.7.19 in funds £ £ Unrestricted funds General fund 1,490 2,891 Restricted funds Listen Up (414) 2,130 Children In Need 1,328 2,594 Health & Wellbeing (1,048) - Headstart (163) (869) Smiles (1,055) - Sunbeam (31) - Creative Voice 1,937 - Rank Foundation (100) - Hull ER Trust 1,764 - Tribune 748 - Rock Challenge (520) (350) Tribfest (300) (450) John Reckitt Summer School (1,396) (120) Youth Music - 17,611 750 20,546 TOTAL FUNDS 2,240 23,437 |
At 30.6.20 £ 4,381 1,716 3,922 (1,048) (1,032) (1,055) (31) 1,937 (100) 1,764 748 (870) (750) (1,516) 17,611 21,296 25,677 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,395 | (10,504) | 2,891 |
| Restricted funds | |||
| Listen Up | 17,856 | (15,726) | 2,130 |
| Children In Need | 28,293 | (25,699) | 2,594 |
| Headstart | - | (869) | (869) |
| Rock Challenge | - | (350) | (350) |
| Tribfest | - | (450) | (450) |
| John Reckitt Summer School | - | (120) | (120) |
| Youth Music | 25,900 | (8,289) | 17,611 |
| 72,049 | (51,503) | 20,546 | |
| TOTAL FUNDS | 85,444 | (62,007) | 23,437 |
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continued...
Freedom Road Creative Arts
Notes to the Financial Statements - continued for the year ended 30th June 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.7.19 in funds £ £ Unrestricted funds General fund 1,490 723 Restricted funds Listen Up (414) (396) Children In Need 1,328 14,487 Health & Wellbeing (1,048) - Headstart (163) (869) Smiles (1,055) - Sunbeam (31) - Creative Voice 1,937 1,230 Rank Foundation (100) - Hull ER Trust 1,764 - Tribune 748 - Rock Challenge (520) (350) Tribfest (300) (450) John Reckitt Summer School (1,396) (120) Youth Music - 2,459 The Family Stability Network - 679 750 16,670 TOTAL FUNDS 2,240 17,393 |
At 30.6.21 £ 2,213 (810) 15,815 (1,048) (1,032) (1,055) (31) 3,167 (100) 1,764 748 (870) (750) (1,516) 2,459 679 17,420 19,633 |
|---|---|
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,338 | (21,615) | 723 |
| Restricted funds | |||
| Listen Up | 34,410 | (34,806) | (396) |
| Children In Need | 68,562 | (54,075) | 14,487 |
| Headstart | - | (869) | (869) |
| Creative Voice | 1,230 | - | 1,230 |
| Rock Challenge | - | (350) | (350) |
| Tribfest | - | (450) | (450) |
| John Reckitt Summer School | - | (120) | (120) |
| Youth Music | 25,900 | (23,441) | 2,459 |
| The Family Stability Network | 5,000 | (4,321) | 679 |
| 135,102 | (118,432) | 16,670 | |
| TOTAL FUNDS | 157,440 | (140,047) | 17,393 |
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continued...
Freedom Road Creative Arts
Notes to the Financial Statements - continued for the year ended 30th June 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2021.
Page 13