Charity Registration No. 1127432
Company Registration No. 06162105 (England and Wales)
THE CIVIC MEDIA PLATFORM LTD
(A COMPANY LIMITED BY GUARANTEE) DIRECTOR’S REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees’ Report | 2 - 4 |
| Statement of Trustees’ Responsibilities | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 11 |
Company Registration No: 06162105 (England & Wales)
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr. C. Doyle Dr. R. Turkmani (Chair) Secretary Mr. C. Doyle, current secretary Charity number 1127432 Company number 06162105 Principal address The Arab British Centre 1 Gough Square London EC4A 3DE Bankers Unity Trust Bank plc Nine Brindley Place Birmingham B1 2HB Starling Bank Limited (No. 09092149), 3rd Floor, 2 Finsbury Avenue, London, EC2M 2PP.
Company Registration No: 06162105 (England & Wales)
1
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT: FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees present their report and accounts for the year ended 31 August 2022.
Structure, governance and management
The Civic Media Platform Ltd (‘CMP’), a company limited by guarantee, was incorporated on 15 March 2007 and is governed by its Memorandum and Articles of Association. CMP was registered as a charity in England and Wales on 8 January 2009. Trustees, who are also directors of the company, are recommended to the board by fellow trustees and co-opted on if agreed. The process involves formal interview and submission of CV. Recommendation is guided by the desired skills and other requirements for the composition of the board.
The major risks to which the charity is exposed, as identified by the Trustees, are periodically reviewed and steps are taken to mitigate those risks. A risk register is maintained as part of the charity's risk management strategy.
Objectives and activities for the public benefit
The charitable objects of CMP are to relieve distress and hardship and promote the sustainable welfare and development of, and good quality education for the population of the Middle East, and to promote the advancement of traditional arts, culture and heritage of The Middle East, including through:
(a) the provision, promotion and support of sustainable development projects and initiatives that benefit disadvantaged members of the population of the Middle East;
(b) the provision of scholarships to disadvantaged individuals and the promotion and provision of support (financial or otherwise) of organisations, projects or initiatives that improve or provide education for disadvantaged members of the population of the Middle East;
(c) the provision of support (financial or otherwise) of projects and initiatives that preserve and develop the traditional arts, crafts and culture of The Middle East;
(d) the provision, promotion and support of civic society values and respect of human rights in the Middle East through the development and promotion of media content that promotes these values.
The Civic Media Platform Ltd. will continue to peruse its charitable objectives through the production of Arabic media content that promote peace and reconciliation, civic values and education and gender rights.
Company Registration No: 06162105 (England & Wales)
2
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT: FOR THE YEAR ENDED 31 AUGUST 2022
Achievements and performance
In 2022 Civic Media Platform charity started a training project of young content development entrepreneurs. The charity carried the training program through a multiple session with a different specialised trainer. Afterwards, each trainee has a dedicated professional mentor supporting them to develop their project sand have ready to be presented to production companies.
New seasons of infographic video aiming the charity continued its effort of the previous year in contributing to the enabling of the Arab speaking audience with civic society values and practices along with various mental health subjects such as depression, addiction and separation.
Also, an animation mini-series of 16 episodes was produced approaching contemporary life struggles in the Middle east with black comedy comparison to similar social statuses in the near history. The charity also produced a woman empowering song that was performed by a80+ singers’ women choir and promoted the equity and equality of middle eastern women. A second season of social critic vodcast was produced featuring Y. Issa a prominent journalist and booker nominee. Also, a 14 episodes program celebrating the identities diversity and promoting social coherence and diversity appreciation in the Middle East was produced featuring the diversity of (dances, wardrobe, accents, cosine, etc..) and celebrating these differences.
Funding
The only current source of funds for the charity is the ENI/2017 /394-244 – Component B project funded by the EU.
Future plans
The charity is now working on new funding proposals from major donors. There are no plans for crowd funding.
The current board members also start recruiting new board members
Financial review
The directors are satisfied that CMP is managing its resources prudently.
Reserves Policy
The Trust’s reserves policy is to maintain a sufficient level of reserves to enable operating activities to be maintained, taking account of potential risks and contingencies that may arise from time to time. The Trustees review the policy annually.
CMP endeavours to build reserves in unrestricted funds that will permit it to operate effectively whilst affording a reasonable level of cover against potential risks and future uncertainties. Specifically, CMP seeks to achieve a level of reserves that will:
-
a) permit CMP to fund operating costs and to maintain key activities in the short term in the event of temporary shortfalls in income;
-
b) provide for an orderly winding-down of operations in the event of a significant adverse event that is outside the control of the charity;
Company Registration No: 06162105 (England & Wales)
3
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT: FOR THE YEAR ENDED 31 AUGUST 2022
-
c) provide a contingency for adverse foreign currency movements and expenditure variances on committed projects;
-
d) enable CMP to act upon opportunities that may arise from time to time.
The current accounts and director’s report have been delayed for reasons that have to do with COVID-19.
On behalf of the board of Directors
Christopher Doyle Date:17 May, 2023 Director
Company Registration No: 06162105 (England & Wales)
4
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES RESPONSIBILITIES
Trustee’s responsibilities in relation to the financial statements
The Trustees, who are also the directors of CMP for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view oaccf the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Company Registration No: 06162105 (England & Wales)
5
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted Funds |
Restricted Funds |
Total Funds |
Total Funds |
|||
|---|---|---|---|---|---|---|
| Note | 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | |||
| Incoming resources | ||||||
| Donations and legacies | 2 | - | 797,339.90 | 797,339.90 | 340517.24 | |
| Activities forgeneratingfunds | - | - | - | - | ||
| Investment income | 3 | - | - | - | 800.21 | |
| Total incomingresources | - | 797,339.90 | 797,339.90 | 341,317.45 | ||
| Resources expended | ||||||
| Costs ofgeneratingfunds | ||||||
| Fundraising | - | - | - | - | ||
| Charitable activities | ||||||
| Projectgrants | 4 | - | 850,927.80 | 850,927.80 | 199,232.12 | |
| Governance costs | 6 | - | 8,257.07 | 8,257.07 | 1,696.33 | |
| Total resources expended | - | 859,184.87 | 859,184.87 | 200,928.45 | ||
| Net (outgoing)/incoming resources Net movement in funds |
- | (61,844.97) | (61,844.97) | 140,389 | ||
| Transfer between funds | - | - | - | - | ||
| Fund balances brought forward | - | 184,071.79 | 184,071.79 | 43,682 | ||
| Fund balances carried forward | 10 | - | 122,226.82 | 122,226.82 | 184,071.79 |
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Company Registration No: 06162105 (England & Wales)
6
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 AUGUST 2022
| Note | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | - | - | |
| Cash at bank and in hand | 122,226.82 | 184,071.79 | |
| 122,226.82 | 184,071.79 | ||
| Creditors: | |||
| Creditors: amounts falling due within one year | 9 | (0) | (0) |
| Total assets less current liabilities | 122,226.82 | 184,071.79 | |
| Income funds | |||
| Unrestricted funds | 10 | 0 | 0 |
| Restricted funds | 10 | 122,226.82 | 184,071.79 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The accounts were approved by the Board on 15 May 2023.
Foe
Christopher Doyle Director
The notes on pages 8 to 11 form part of these financial statements.
Company Registration No: 06162105 (England & Wales)
7
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
1. Accounting policies
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence. Accordingly, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
Charitable funds
Unrestricted funds comprise of general funds created by the accumulated surplus within the statement of financial activities. They are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds represent amounts received for a specific purpose,
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Company Registration No: 06162105 (England & Wales)
8
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
Company Registration No: 06162105 (England & Wales)
9
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
2. Donations and legacies
| Donations and legacies | |
|---|---|
| Donations Gift Aid |
2022 2022 2022 2021 £ £ £ £ Unrestricted Restricted Total Total - - - - - 797,339.90 797,339.90 340517.24 |
| - 797,339.90 797,339.90 340517.24 |
- Investment income
| nvestment income | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 0 | 800,21 |
- Resources expended
| Resources expended | ||
|---|---|---|
| Charitable activities Governance costs |
2022 2022 2022 2021 |
|
| Other costs Grant funding £ £ - 850,927.80 8,257.07 - |
Total Total £ £ 850,927.80 199,232.12 8,257.07 1,696.33 |
|
| 8,257.07850,927.80 | 859,184.87 200,928.45 |
5. Support costs
| Support costs | |
|---|---|
| Office costs Bank charges Sundry expenses (Gain)/Loss on revaluing foreign cash holding |
2022 2021 £ £ - - 3,536.54 1,051.74 4,720.54 644.59 0 0 |
| 8,257.07 1,696.33 |
6. Governance costs
Support costs for 2022 and 2021 have been classified as governance costs – refer note 5 above. No audit is required for the year.
7. Trustees
Company Registration No: 06162105 (England & Wales)
10
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
None of the Trustees (or any persons connected with them) received any remuneration during the period. One of the trustees is reimbursed, at cost, for payments made out of personal funds on Companies House annual return fees.
8. Employees
7
- Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |
|---|---|
| Grants Payable Accruals Other creditors |
2022 2021 £ £ 0,0 0,0 - - - - |
| - - |
10. Analysis of Net Assets between Funds
| Fund balances at 31 August 2022 are represented by: Current Assets Creditors Total Fund balances at 31 August 2021 are represented by: Current Assets Creditors Total |
Unrestricted Funds Designated Funds Restricted Funds Total £ £ £ £ - 122,226.82 122,226.82 - - - |
|---|---|
| -122,226.82 122,226.82 |
|
| £ £ £ £ - 184,071.79 184,071.79 - - - - 184,071.79 184,071.79 |
11. Share Capital
The company is limited by guarantee and therefore has no share capital.
12. Related party transactions
In the year, there were no related party transactions.
Company Registration No: 06162105 (England & Wales)
11
Charity Registration No. 1127432
Company Registration No. 06162105 (England and Wales)
THE CIVIC MEDIA PLATFORM LTD
(A COMPANY LIMITED BY GUARANTEE) DIRECTOR’S REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees’ Report | 2 - 4 |
| Statement of Trustees’ Responsibilities | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 11 |
Company Registration No: 06162105 (England & Wales)
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr. C. Doyle Dr. R. Turkmani (Chair) Secretary Mr. C. Doyle, current secretary Charity number 1127432 Company number 06162105 Principal address The Arab British Centre 1 Gough Square London EC4A 3DE Bankers Unity Trust Bank plc Nine Brindley Place Birmingham B1 2HB Starling Bank Limited (No. 09092149), 3rd Floor, 2 Finsbury Avenue, London, EC2M 2PP.
Company Registration No: 06162105 (England & Wales)
1
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT: FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees present their report and accounts for the year ended 31 August 2022.
Structure, governance and management
The Civic Media Platform Ltd (‘CMP’), a company limited by guarantee, was incorporated on 15 March 2007 and is governed by its Memorandum and Articles of Association. CMP was registered as a charity in England and Wales on 8 January 2009. Trustees, who are also directors of the company, are recommended to the board by fellow trustees and co-opted on if agreed. The process involves formal interview and submission of CV. Recommendation is guided by the desired skills and other requirements for the composition of the board.
The major risks to which the charity is exposed, as identified by the Trustees, are periodically reviewed and steps are taken to mitigate those risks. A risk register is maintained as part of the charity's risk management strategy.
Objectives and activities for the public benefit
The charitable objects of CMP are to relieve distress and hardship and promote the sustainable welfare and development of, and good quality education for the population of the Middle East, and to promote the advancement of traditional arts, culture and heritage of The Middle East, including through:
(a) the provision, promotion and support of sustainable development projects and initiatives that benefit disadvantaged members of the population of the Middle East;
(b) the provision of scholarships to disadvantaged individuals and the promotion and provision of support (financial or otherwise) of organisations, projects or initiatives that improve or provide education for disadvantaged members of the population of the Middle East;
(c) the provision of support (financial or otherwise) of projects and initiatives that preserve and develop the traditional arts, crafts and culture of The Middle East;
(d) the provision, promotion and support of civic society values and respect of human rights in the Middle East through the development and promotion of media content that promotes these values.
The Civic Media Platform Ltd. will continue to peruse its charitable objectives through the production of Arabic media content that promote peace and reconciliation, civic values and education and gender rights.
Company Registration No: 06162105 (England & Wales)
2
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT: FOR THE YEAR ENDED 31 AUGUST 2022
Achievements and performance
In 2022 Civic Media Platform charity started a training project of young content development entrepreneurs. The charity carried the training program through a multiple session with a different specialised trainer. Afterwards, each trainee has a dedicated professional mentor supporting them to develop their project sand have ready to be presented to production companies.
New seasons of infographic video aiming the charity continued its effort of the previous year in contributing to the enabling of the Arab speaking audience with civic society values and practices along with various mental health subjects such as depression, addiction and separation.
Also, an animation mini-series of 16 episodes was produced approaching contemporary life struggles in the Middle east with black comedy comparison to similar social statuses in the near history. The charity also produced a woman empowering song that was performed by a80+ singers’ women choir and promoted the equity and equality of middle eastern women. A second season of social critic vodcast was produced featuring Y. Issa a prominent journalist and booker nominee. Also, a 14 episodes program celebrating the identities diversity and promoting social coherence and diversity appreciation in the Middle East was produced featuring the diversity of (dances, wardrobe, accents, cosine, etc..) and celebrating these differences.
Funding
The only current source of funds for the charity is the ENI/2017 /394-244 – Component B project funded by the EU.
Future plans
The charity is now working on new funding proposals from major donors. There are no plans for crowd funding.
The current board members also start recruiting new board members
Financial review
The directors are satisfied that CMP is managing its resources prudently.
Reserves Policy
The Trust’s reserves policy is to maintain a sufficient level of reserves to enable operating activities to be maintained, taking account of potential risks and contingencies that may arise from time to time. The Trustees review the policy annually.
CMP endeavours to build reserves in unrestricted funds that will permit it to operate effectively whilst affording a reasonable level of cover against potential risks and future uncertainties. Specifically, CMP seeks to achieve a level of reserves that will:
-
a) permit CMP to fund operating costs and to maintain key activities in the short term in the event of temporary shortfalls in income;
-
b) provide for an orderly winding-down of operations in the event of a significant adverse event that is outside the control of the charity;
Company Registration No: 06162105 (England & Wales)
3
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT: FOR THE YEAR ENDED 31 AUGUST 2022
-
c) provide a contingency for adverse foreign currency movements and expenditure variances on committed projects;
-
d) enable CMP to act upon opportunities that may arise from time to time.
The current accounts and director’s report have been delayed for reasons that have to do with COVID-19.
On behalf of the board of Directors
Christopher Doyle Date:17 May, 2023 Director
Company Registration No: 06162105 (England & Wales)
4
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES RESPONSIBILITIES
Trustee’s responsibilities in relation to the financial statements
The Trustees, who are also the directors of CMP for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view oaccf the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Company Registration No: 06162105 (England & Wales)
5
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted Funds |
Restricted Funds |
Total Funds |
Total Funds |
|||
|---|---|---|---|---|---|---|
| Note | 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | |||
| Incoming resources | ||||||
| Donations and legacies | 2 | - | 797,339.90 | 797,339.90 | 340517.24 | |
| Activities forgeneratingfunds | - | - | - | - | ||
| Investment income | 3 | - | - | - | 800.21 | |
| Total incomingresources | - | 797,339.90 | 797,339.90 | 341,317.45 | ||
| Resources expended | ||||||
| Costs ofgeneratingfunds | ||||||
| Fundraising | - | - | - | - | ||
| Charitable activities | ||||||
| Projectgrants | 4 | - | 850,927.80 | 850,927.80 | 199,232.12 | |
| Governance costs | 6 | - | 8,257.07 | 8,257.07 | 1,696.33 | |
| Total resources expended | - | 859,184.87 | 859,184.87 | 200,928.45 | ||
| Net (outgoing)/incoming resources Net movement in funds |
- | (61,844.97) | (61,844.97) | 140,389 | ||
| Transfer between funds | - | - | - | - | ||
| Fund balances brought forward | - | 184,071.79 | 184,071.79 | 43,682 | ||
| Fund balances carried forward | 10 | - | 122,226.82 | 122,226.82 | 184,071.79 |
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Company Registration No: 06162105 (England & Wales)
6
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 AUGUST 2022
| Note | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | - | - | |
| Cash at bank and in hand | 122,226.82 | 184,071.79 | |
| 122,226.82 | 184,071.79 | ||
| Creditors: | |||
| Creditors: amounts falling due within one year | 9 | (0) | (0) |
| Total assets less current liabilities | 122,226.82 | 184,071.79 | |
| Income funds | |||
| Unrestricted funds | 10 | 0 | 0 |
| Restricted funds | 10 | 122,226.82 | 184,071.79 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The accounts were approved by the Board on 15 May 2023.
Foe
Christopher Doyle Director
The notes on pages 8 to 11 form part of these financial statements.
Company Registration No: 06162105 (England & Wales)
7
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
1. Accounting policies
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence. Accordingly, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
Charitable funds
Unrestricted funds comprise of general funds created by the accumulated surplus within the statement of financial activities. They are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds represent amounts received for a specific purpose,
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Company Registration No: 06162105 (England & Wales)
8
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
Company Registration No: 06162105 (England & Wales)
9
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
2. Donations and legacies
| Donations and legacies | |
|---|---|
| Donations Gift Aid |
2022 2022 2022 2021 £ £ £ £ Unrestricted Restricted Total Total - - - - - 797,339.90 797,339.90 340517.24 |
| - 797,339.90 797,339.90 340517.24 |
- Investment income
| nvestment income | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 0 | 800,21 |
- Resources expended
| Resources expended | ||
|---|---|---|
| Charitable activities Governance costs |
2022 2022 2022 2021 |
|
| Other costs Grant funding £ £ - 850,927.80 8,257.07 - |
Total Total £ £ 850,927.80 199,232.12 8,257.07 1,696.33 |
|
| 8,257.07850,927.80 | 859,184.87 200,928.45 |
5. Support costs
| Support costs | |
|---|---|
| Office costs Bank charges Sundry expenses (Gain)/Loss on revaluing foreign cash holding |
2022 2021 £ £ - - 3,536.54 1,051.74 4,720.54 644.59 0 0 |
| 8,257.07 1,696.33 |
6. Governance costs
Support costs for 2022 and 2021 have been classified as governance costs – refer note 5 above. No audit is required for the year.
7. Trustees
Company Registration No: 06162105 (England & Wales)
10
THE CIVIC MEDIA PLATFORM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
None of the Trustees (or any persons connected with them) received any remuneration during the period. One of the trustees is reimbursed, at cost, for payments made out of personal funds on Companies House annual return fees.
8. Employees
7
- Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |
|---|---|
| Grants Payable Accruals Other creditors |
2022 2021 £ £ 0,0 0,0 - - - - |
| - - |
10. Analysis of Net Assets between Funds
| Fund balances at 31 August 2022 are represented by: Current Assets Creditors Total Fund balances at 31 August 2021 are represented by: Current Assets Creditors Total |
Unrestricted Funds Designated Funds Restricted Funds Total £ £ £ £ - 122,226.82 122,226.82 - - - |
|---|---|
| -122,226.82 122,226.82 |
|
| £ £ £ £ - 184,071.79 184,071.79 - - - - 184,071.79 184,071.79 |
11. Share Capital
The company is limited by guarantee and therefore has no share capital.
12. Related party transactions
In the year, there were no related party transactions.
Company Registration No: 06162105 (England & Wales)
11
FLINTHAM-MACKENZlf 2?7.279=bck High Rodd T 020 8742 1015 Londop W4 4PU 020 8742 2414 dmit¥@fTrlWel www.tmllpnol CHARTEREDACCOUWTANT5AWCHARTFfirDTAX Atr41S(*5 The Trustees The Civic Media Platfomi Ltd The Arab British Centre l Gough Square London EC4A 3DE IlthJuly 2023 Charity no: 1127432 Company no:06162105 Independent examiner's report to the trustees of The Civic Media Platfonn Ltd Accounts for the year ended 31st August 2022. I report to the charity trustees on my examination of the accounts of The Civic Media Platforni Ltd for the year ended 31StAugust 2022. Responsibillties and basis of report A5 the charitys trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2006 ('the 2006 Act) Having satisfied myself that the accounts ofthe company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination oFyour charitvs accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my exatnination I have followed the Directions given by the Charity Commission under section 145(5} (b) of the 2011 ACL Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe thaL accounting records were not kept irb accordance with section 386 of the Companies Act 2006,. or 2. the accounts do not accord with such records; or 3. the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 4. the accounts have not been prepared in accordonce with the Charities SORP IFRS1021. I have no concerns and have come across no other matters in connertion with the examirjation to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. S Ferdos Director Flintham Mackenzie Chartered Accountants Directors.. 5aeed FerG05 BSC, ACA, FCCA. CTA. Brij Taneja 6Coni. FCCA Flinlham Matkenzie Limited trading as F111i1113Pii ConiF8ny RegisiÈfe4 In England & Wales, NLimber 7690934 Registered off ILP 277-279 Chis4Mck Hi¢Jli Roc>d. Lon(IDn W4 4PU