Company Number 04588226 (England and Wales) Registered Charity Number 1127766 •ACIQ137N' 1910412Q23 COMPANIES HOUSE A15 73 BRANSHOLME COMMUNtrf ARTS EfvifERPRISE LIMrrED (A company limited by guarantee) FINANCIAL sfATEMENTS Year ended 31 DECEMBER 2020 PHOENIX ACCOUNTANCI AND BUSINESS CONSULTANCY LIMrrED BRANSHOLME COMMUNiff ARTS ENTERPRISE LIMrrED Company Number 04588226 Charity Number 1127766 Contents to the Financial Statements For the year ended 31 December 2020 Page Company Information Independent Examiners Report Report of the Board of Trustees (Incorporats'ng the Directors Report) Income and Expenditure Account 12 ststement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flows 16 Notes to the Financial Ststements 17 BRANSHOLME COMMUNfFY ARTS ENTERPRISE UMITED Company Number 04588226 Charity Number 1127766 Company Information For the year ended 31 December 2020 DIRECTORS Adele Marie Clough Justin Robert Hart Joanne Hudgell Christopher Colin Snell Alexandra Joanne Ward COMPANY SEcR￿ARy Alexandra Joanne Ward REGlSfERED OFFICE The Bespoke Centre Zeals Garth Bransholme Hull England HU7 4WD REGIsfERED COMPANY NUMBER 04588226 REG￿￿ERED CHARrrY NUMBER 1127766 INDEPENDETrtr EXAMINER Rebecca Triffitt, MAAT Phoenix Accountanry and Business Consultsncy Limited Morley's Cottage Morley's Yard Walkergate Beverley East Yorkshire HU17 9BY BANKERS yorkshi￿ Bank 214 Holdemess Road Kingston Shoppng Centre Hull HU9 2AA BRANSHOLME COMMUNrrY ARTS EWERPRISE LIMITED Company Number 04588226 Charity Number 1127766 Independent Examinerfs Report to the Members of Bransholme Community Arts Enterprise Llmited I report on the accounts of Bransholme Communty Arts Enterprise Limited for the year endeJJ 31 December 2020, which are set (yjt on pages 12 to 27. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for this year under section 144 of the Charitie5 Act 2011 (the CharitEs Att) and that an i￿lependent examination is needed. It is my ￿ponSIbIlty to: examine the accounts under section 145 of the Charities Art to follow the procedures laid down in the general Directions gwen by the Chanty Commtssion (under sertion 145{5)(b) of the Charities A¢ arKI to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordan￿ with general Direrth)ns given by the Charity Commission. An examination includes a rewew of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considerntion of any unusual items or disclosu￿$ in the accounts, and seeking explanations from the trustees Con￿rning any such matters. The procedures undertaken do not provide all the eviden￿ that would te required in an audit. and consequenuy no opinion is given as to whether the accounts present a 'true and fairf vi&Y and the rewrt is limited to those matters set out in the statement below. Independent Examinerfs statement In connectton with my examination. rn matter has come to my attentton, except Stated below, that: accounting records have not b*n kept in accordan￿ with section 386 of the Companie5 Act 2006; the accounts do not accord wth such ￿Cords. where accounts are prepared on an accruals ba&s, whether they fail to comply with relevant xcounting requirements under S￿tion 396 L* the Companies Act 2(M)6, or are not consistent with the Charitoes SORP (FR5102) In connection wlth my examination, one matter has come to my attention to following.. A grant of £6,089 which was re￿IVed in October 2020, relating to Covhl 19 ResIlEn￿ fund, rm) documentation is available, so I have b&n unable to confimi whether this is a restricted or unrestrthd grant. £2,947 of this has been S￿nt during 2020, £2,374 ts Payrobl costs, artyj the other £573 has been used for Rent, Phone & Accountsncy costs. Rebecca Trrffitt, MAAT practi￿ Accountant PIKJenix Accountancy and Business Consultancy Limiied Morfey's Cottsge Morley's Yard Walkergate Beverley East Yorkshire HU17 9BY Date. iaiwag BRANSHOLME COMMUNtrY ARTS E￿fERPRISE LIMITED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustses (incorporating the Directorfs Report) For the year ended 31 December 2020 The Trustee5 present their report with the financial statements of the Company for the year ended 31 December 2020. The financial statements comply with the Charitres Att 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Referen￿ and Administrative Detsils of the Charity, its Trustees and Advisers Name fch BranslK)Ime Community Arts Enterprise Limited Chari Re istration N 1127766 Com an istration Number: 04588226 ister Princi ratin ress: The Bespoke Centre Zeals Garth Bransholme Hull England HU7 4WD ir The Directors of the charitable Company (the Charity) are its trustees ft)r the purpose of charity law and throughout this ￿pOrt are collettively ￿ferred to as the Tnjstees. Names of Trustees (Directors) who served during the year and Sir￿ the year end were as follows: Adele Marie Clough Justin Robert Hart Joanne Hudgell Christopher Colin Snell Alexandra Joanne Ward The Company is limited by guarant& therefore none of the Directors have an interest in share capitsl. BRANSHOLME COMMUNrrY ARTS E￿ERpRIsE LIMITED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustees {incorporating the Director's Report) For the year ended 31 December 2020 Com an Secrets Alexandra Joanne Ward Da toDa Co-ordinator na ement f the Chari Chris Smith Inde endent Examiner: Rebecca Trifftt, MAAT Phoenix Accountsncy and Business Consultsncy Limited Morley's Cottage Morley's Yard Walkergate Beverley East Yorkshire HU17 9BY Bankers: Yorkshire Bank 214 Holdemess Road Ingston Shopping Centre Hull HU9 2AA structure, Governance and Management vernin men Bransholme Community Arts Enterprise is a registered charity and a company lirntted by guarantee governed by its Memorandum and Articles of Association adopted on 12 November 2002, and amended on 10 March 2009. Every member of the Charty undertakes to contribute a maximum of £10 in the event of the charity winding up. Recrultmen nda intment f Trustees The Trustees form the Executive Committee of the chanty. The members of the Executive Committee are elected at the Annual General M￿tIng by the members of the Charity, and usually serve for a three year term. At the end of this term they can stsnd for re-election. All members are circulated with invitations to nominate Trustees in advance of the AGM. There is a provision for the cctroption of addrtional TrUSt￿S if required. The Articles of Association ststes that the number of Trustees must not be less than three and is not subject to any maximum. BRANSHOLME COMMUNrrY ARTS E￿EftPRISE ￿M￿ED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustees (Incorporating the Directorfs Report) For the year ended 31 December 2020 Twstee Induction and Trainin New Trustees undergo induction training, provided by the Co-ordinator. The induction includes a discussion about the role and responsibilities of Trustees, the attivities, aims and objettives of the Charity, the structure of the organisation, Board of Trustees, general procedures of the organisation. New Trustees a￿ introduced to members of staff and other Trustees, and are provided with the Charity Commissions 'Roles and Responsibilities of Twstees,, the Articles and MemoRndum of Association, the business plan, the latest statutory financial statements, Annual Report, and financial reports provided to the Board of Trustees. Any additional training required by the new Trustees will be identified during induction, and may be requested at any point by new and existing Trustees, where it is considered useful to their role as Trustee. Trustees are also invited to attend stsff events and activities in order to develop a better all round understanding of the organisats'on. Structure, Govemance and Management (continued) The Board of Trustees manages the Charity, and aim5 to consider only strategic decisions at its meetings. Trustees are aware that any conflicts of interest are declared and minuted. The Board meets bi-monthly. The Co-ordinator is appointed by the Trustees to manage the day to day operations of the Charity, and also has authority to delegate as appropriate to other stsff members. BCAE'S governance structure is cruaal to the effective achievement of our goals and objectives and the following is the structure we f￿1 best enables us to meet these needs. All our trustees live and work in the area and are acutely aware of local issues and our board also benefits from expertise and connections from 'advisor' members representing several relevant local agencies and community groups. All our trustees and advisors bring individual skills and specialisms in fields such as finance, human resources, education, community work etc. Risk Mana emen 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. The major risks, to which the charity is exposed, as identified by the Trustees, have been reviewed and systems have b￿n established to mib'gate those risks. All systems and procedures are reviewed regularfy to ensure they meet charity law and our own organisations aims and objectives. BRANSHOLME COMMUNrfY ARTS EWERPRISE LIMrfED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 December 2020 Objectives and Activities As set out in the Memorandum of Association, the Charitys objects are: 'ro further or benefit the residents of Bransholme, Hull and the neighbourhood, Mthout the disbnction of sex sexual orientation, race or ofpolitical, religious or other opinions by associating together the said residents and the local authontses, voluntary and other organlsations in a comn70n effect to advan￿ educab'on and to pmvide facilities in the intsrest of sooal welfare for recreation leisure time mpabon with the objettive of improving the condits'ons of life for the ￿￿dents. In fyrtheran￿ of these objects but nrt othenvise trustees shall have power." To establish orsecure the establishment ofa community centre and to maintain or manage or cooperate Mth any statutory authority in the rna1ntenan￿ and management of such a centre for activibes pmmoted by the charity in fiirtherance of the above objects., tr te randsi nificant attivities th t c ntribute to achievin stated ob"ectives The organisation continually ￿kS to explore all appropriate funding opportunities and income streams which help achieve the Charity's stated objectives. P blic benefit The Trustees confimi that they have complied with the duty, contained in Section 4 of the Charities Att 2011, to have due regard to the guidance on public benefit issued by the Charity Commission. The charitable purp)se of the charity within the meaning of the act Is contained within its objetts stated atK)ve. Review f Activities 202 The Bransholme Community Arts Enterprise Limited Board of Trust￿ is satisfied that during 2020". O Our work reflected our aims. a Our resources were well managed. O Members were satisfied with the Serrf1￿ they received. Bransholme Community Arts Enterprise Limited's primary aim is to raise the expectations and self-esteem of local people through high quality arts projects. We are based in Bransholme, a vast housing estate, located to the North of Kingston-upon-Hull, an area of significant social and economic deprivation enduring high levels of unemployment, low attainment in schools and a pcrfjr quality of life. Much of our work is with disadvantaged young people; however, our projects and facilities attratt all ages of the local community. BRANSHOLME COMMUNrrY ARTS ENTERPFUSE LIMrrED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 31 December 2020 Objectives and Activities ctivi 02 As, of course with everyone, our activities were curtailed by the pandemlc and lockdowns. Where possible we continued our work face to face with disadvantsged young people delivering regular, high quality arts and media projects at a variety of youth clubs and community settings across Bransholme and surrounding areas. Wayne our Youth Arts Worker has worked in youth clubs and play schemes wherever possible, delivering arts attivities to small, socially distanced groups. Where this was not possible, we delivered art packs to families identified by our client organisations and Wayne created a series of YouTube videos with projett ideas linked to the art pack materials. The project benefitted more than 200 disadvantaged young people including those with leaming difficulties andlor disabilities throughout the year. We have also worked with over 100 other young people this year in shorter projects and one-off activities. Frances was delivering arts activities for the first few months of the year, but owing to family circumstances had to isolate and was unable to do fa￿ to face work. She contributed significantly to the distanced projects, art packs and videos. Main ob'ectives for the followin Our main priorities for the coming year are to recover and regroup form the Covid nightmare and to restart and rebuild the groups and partnerships that existed before the pandemic Financial Review Reserves Poli It is our policy to hold sufficient unrestricted resen4es to cover designated redundancy and meet in full redundancy costs should the charity cease to operate. The unrestricted resenie is expected to equate to at least three months of expenditure and not more than 6 months. This level of reserves allows the trustees to make Strategic deci￿On5 during interim periods when funding is being sought. BRANSHOLME COMMUNrrY ARTS ETr￿ERPRISE UMtrED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 31 December 2020 Trust￿ will monitor reser4es to ensure that the charity is: Not holding excessive reserves (if reserves are in excess of 6 months expenditure, these are to be reinvested in the work of the charity) - Holding sufficient reserrfes (if unrestricted reserves drop below the equivalent of meeting three months experience in addition to meeting redundancy costs, trustees will meet to decide on appropriate strategy and action.) Princ rces See note 12 of the notes to the accounts for a detailed explanation of the Company's restritted funds. Plans for Future periods Please see main objectives for the following year. Statement of disclosure of inf0m￿titsn to Independent Examiner We, the Direttors of the Company who held office at the date of approval of the financial statements, each confirm so far as we are awa￿, that: O there is no relevant information of which the Companls Independent Examiner is unawa￿. and we have tsken all the steps that we ought to have taken as Directors in order to make ourselves aware of any relevant infomiab'on and to establish that the Company's Independent Examiner is aware of that information. ststement of Dirertorfs responsibilities The charity Trustees (who are also the directors of Bransholme Community Arts Enterprise Limited for the purposes of company law) are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally AC￿pted Accounting Practice). Company law requires the charty Trustees to p￿pa￿ financial statements for each year which give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial ststerrEnts, the Trustees are required to: select suitsble accounting policies and then apply them consistently. observe the meth(hJs and principles in the Charities SORP; make judgements and estimates that are reasonable arKI pwdent. io BRANSHOLME COMMUNrrY ARTS E￿[ERpRIsE UMrrED Company Number 04588226 Charity Number 1127766 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 31 December 2020 stste whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial ststements on the going concem basis unless it is inappropriate to p￿sume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial ststements cornply with the Companies Act 2006. They are also responsible for safeguarding the assets of the chartty and hence taking reasonable steps for the prevention and detettion of fvud and other irregularities. The Trustees a￿ responsible for the maintenance and integrity of the corporate and financial information included on the charitable CoMpan￿S website. Legislation in the United Kingdom governing the p￿paratIOn and dissemination of financlal statements may differ from legisFation in other jurisdictions. Independent Examiner A ￿SolUtion to reappoint Independent Examiner, Rebecca Triffitt of Phoenix Accountsncy and Business Consultancy Lbmited will be proposed at the forthcoming annual general meeting. By order Board Justin Hart TrusteelDirector BRANSHOLME COMMUNrrf ARTS ENTERPRISE LIMFfED Company Number 04588226 Chartty Number 1127766 Income and Expenditure Account For the year ended 31 December 2020 Notes 2020 2019 INCOME 59,384 44,784 EXPENDtruRE {51,335) {48,430) OPERATING SURPLUS/(DEFIcrr) 8,049 (3,646) Interest receivable and similar income ProfiV(Loss) on disposal of fixed assets Bad debts written off SURPLUSI(DEFIcrf) FOR THE YEAR 8,049 (3,646) RESERVES BROUGHT FORWARD 12 10,694 14,340 RESERVES CARRIED FORWARD 12 Total income of £59,384 (2019: £44,784) comprises £6,089 (2019: £1,390) for unrestricted funds and £52,855 (2019: £43,394) for restritted funds. A detailed analysis of income by source is provided in the statement of finanaal activities. The surplus for the year of £8,049 (2019: deficit £3,646) comprises a surplus of £3,122 (2019: deficit £5,667) for unrestritted funds and a surplus of £4,927 (2019: surplLJS £2,021) for restrirted funds as shown in the statement of finanaal attivities. There are no recognised gains and losses other than those passing through the income and expenditure account. All operations are continuing operations. The note5 on pages 19 to 29 fomi part of these financial ststements. 12 BRANSHOLME commuN￿y ARTS E￿[ERpRIsE LIMtrED Company Number 0458B226 Chanty Numter 1127766 ststemetht of Finandal Actl¥l For the year ended 31 December 2020 2020 2020 2020 2019 2019 2019 FwKIs FWMIS Fund5 Funds Grants. thnatkThs and Legao"e5 Income frorn Chariiable ktiwbes Total Income 51855 43,394 43,394 Expendltyre Expenditure on thariiable Acb*itie5 Totsl E¥pendibJre Net Incr￿ (EXper￿￿re) Wore Tr￿￿￿5 3,122 4.927 {5.817) 150 2,171 {1501 {3,6461 Net Movement in Funds 122 4917 (5.667) 021 (3,646) F￿ndS brntyhtfom￿ at 01 Jwuary 12 Totsl Funds Carrled fonvard at JI I1￿￿nber 12 818 The notes on Pa￿ 17 to 27 fom part of t￿ finarKi61 staterrv 13 BPANSHOLME commuN￿y ARTS EwfERPRISE UMrrED Ccvnpany Numt*r 04588226 Owrity Nurntxr 1127766 Balance Sheet As at 31 December 2020 2020 2020 2019 2019 2019 funds funts fuN nd5 funds fvnts Fixed assets Tangible assets li 9,693 10,392 838 Cash at bankand In harml 9.872 17.99) 27062 7,277 19.057 26,334 Credltors: amountsfallln9 due wlthlTr etcvrrefttassets/(fMbilftknJ 8,818 9.925 18.743 4,998 10,694 Credibys: amountsfalling due after Ort Funds of the Charlty 818 8,818 14 14 BFiANSHOLME COMMUNttY ARTS EWERPRISE UMrrED C£Knpry Nurntr￿ 04588226 Chanty Numter 1127766 Balance Sheet (Continued) As at 31 December 2020 11 For the year ended 31 tkcsnber 2020 the company v4aS WDtkn110 ex￿)[*￿￿7 477121 of the Act 2rK6. 21 Members have not requira the cthmpary to cètsin an in accordarKe section 476 of the Companie5 Act 2￿),. 31 The d1￿CtorS t￿r re¥x)n¥tx"lty tr. il ertsuring the £l￿panY keeps ￿(￿ntiThJ recLYd5 ￿,. a lil preparing accounts which gNe a true arm1 tsir st* of affairs of ts (rm￿¥ as at the end of the finarKial y. and of ts wofit or kss ts the finaros year, in accordance with the requirertErts of sectth 393, I*￿7$e ¥￿th ￿ rwirrnrts of u)mpanies rdatiTvJ to acc(¥Jnts, $0 far as apr*1