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# Company Number 04588226 (England and Wales) 

# Registered Charity Number 1127766 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED (A company limited by guarantee) 

## FINANCIAL STATEMENTS 

! 

Year ended 

31 DECEMBER 2021 

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PHOENIX ACCOUNTANCY AND BUSINESS CONSULTANCY LIMITED 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

Contents to the Financial Statements For the year ended 31 December 2021 

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|Page|
|Company Information|3|
|Independent Examiners Report|4|
|Report of the Board|of Trustees|(Incorporating|the|Directors|
|Report)|)|
|Income and Expenditure Account|12|
|Statement of Financial|Activities|13|
|Balance Sheet|14|
|Statement of Cash|Fiows|16|
|Notes to the Financlal Statements|17|

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

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## Company Information For the year ended 31 December 2021 

DIRECTORS Adele Marie Clough Justin Robert Hart Christopher Colin Snell Alexandra Joanne Ward Joanne Hudgell COMPANY SECRETARY Alexandra Joanne Ward REGISTERED OFFICE The Bespoke Centre Zeals Garth Bransholme Hull England HU7 4WD REGISTERED COMPANY NUMBER 04588226 REGISTERED CHARITY NUMBER 1127766 INDEPENDENT EXAMINER EXAMINER Rebecca Triffitt, MAAT 

INDEPENDENT EXAMINER EXAMINER Rebecca Triffitt, MAAT Phoenix Accountancy and Business Consultancy Limited Morley’s Cottage Morley’s Yard Walkergate Beverley EastHU17 9BYYorkshire BANKERS Yorkshire Bank 214 Holderness Road Kingston Shopping Centre Hull HU9 2AA 

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Company Number 04588226 Charity Number 1127766 

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## BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

## Independent Examlner’s Report to the Members of Bransholme Community Arts Enterprise Limited 

I report on the accounts of Bransholme Communlty Arts Enterprise Limlted for the year ended 31 December 2021, which are set out 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 charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination Is 

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## It is my responsibllity to: 

- e examine the accounts under section 145 of the Charttles Act, e to follow the procedures laid down In the general Directions given by the Charity Commission (under section 145(5){b) of the Charitles Act, and 

- e to state whether particular matters have come to my attention. 

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## Basls of Independent examiner's report 

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My examination was carried out in accordance with general Directions given by the Charlty Commission. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Includes consideration of any unusual items or disclosures In the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion Is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out In the statement below. 

- Independent Examiner's statement In connection with my examination, no matter has come to my attention, except stated below, that: * accounting records have not been kept in accordance with section 386 of the Companies Act 2006; e the accounts do not accord with such records: e where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companles Act 2006, or are not consistent with the Charities SORP (FRS102) 

- In connection with my examination, one matter has come to my attention to following: e Agrant of £6,089 which was recelved in October 2020, relating to Covid 19 Resilience fund, no documentation is available, so I have been unable to confirm whether this is a restricted or unrestricted grant. £2,947 of this has been spent during 2020, £2,374 for Payroll costs, and the other £573 has been used for Rent, Phone & Accountancy costs. 

- Rebecca Triffitt, MAAT Practice Accountant 

Phoenix Accountancy and Business Consultancy Limited Morley’s Cottage Morley’s Yard WalkergateBeverley . East Yorkshire HU17 9BY cate: ZOPRZ 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

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## Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 December 2021 

The Trustees present their report with the financial statements of the Company for the year ended 31 December 2021. 

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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) (effective 1 January 2019). 

Reference and Administrative Details of the Charity, its Trustees and Advisers 

Name of charity: Bransholme Community Arts Enterprise Limited 

Charity Registration Number: 

1127766 

Company Registration Number: 04588226 Registered and Principal Operating Address: The Bespoke Centre Zeals Garth Bransholme Hull England HU7 4WD 

## Directors and Trustees: 

The Directors of the charitable Company (the Charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. 

Names of Trustees (Directors) who served during the year and since the year end were as follows: 

Adele Marie Clough Justin Robert Hart Joanne Hudgell Christopher Colin Snell Alexandra Joanne Ward 

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The Company is limited by guarantee therefore none of the Directors have an interest in share capital. 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

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## Report of the Board of Trustees (incorporating the Director’s Report) For the year ended 31 December 2021 

Company Secretary: 

## Alexandra Joanne Ward 

## Day to Day Management of the Charity: Co-Ordinator Chris Smith Independent Examiner: Rebecca 

## Rebecca Triffitt, MAAT 

## Bankers: 

Phoenlx Accountancy and Business Consultancy Limited Morley’s Cottage Morley’s Yard Walkergate Beverley East Yorkshire HU17 9BY Yorkshire Bank 214 Holderness Road Kingston Shopping Centre Hull HU9 2AA 

## Structure, Governance and Management 

## Governing Document 

Bransholme Community Arts Enterprise is a registered charity and a company limited 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 Charity undertakes to contribute a maximum of £10 in the event of the charity winding up. 

## Recruitment and appointment of Trustees 

The Trustees form the Executive Committee of the charity. The members of the Executive Committee are elected at the Annual General Meeting by the members of the Charity, and usually serve for a three year term. At the end of this term they can stand for re-election. All members are circulated with Invitations to nominate Trustees In advance of the AGM. There is a provision for the co-option of additional Trustees. if required. 

The Articles of Association states that the number of Trustees must not be less than three and is not subject to any maximum. 

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BRANSHOLME COMMUNITY ARTS Company Number ENTERPRISE LIMITED Charity Report of the Board of Trustees (incorporating the Director’s Report) For the year ended 31 December 2021 Structure, Governance and Management (continued) 

Company Number 04588226 Charity Number 1127766 

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## Trustee Induction and Training 

New Trustees undergo induction training, provided by the Co-ordinator. The induction includes a discussion about the role and responsibilities of Trustees, the activities, alms and objectives of the Charity, the structure of the organisation, Board of Trustees, general procedures of the organisation. New Trustees are introduced to members of staff and other Trustees, and are provided with the Charity Commissions ‘Roles and Responsibilities of Trustees’, the Articles and Memorandum of Association, the business plan, the latest statutory financial statements, Annual Report, and financial reports provided to the Board of Trustees. Any additional tralning 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 staff events and activities in order to develop a better all round understanding of the organisation. 

## Organisational Structure 

The Board of Trustees manages the Charity, and aims 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 staff members. oO 

BCAE's governance structure is crucial to the effective achievement of our goals and objectives and the following is the structure we feel 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. 

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## 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. 

The major risks, to which the charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks. All systems and procedures are reviewed regularly to ensure they meet charity law and our own organisations aims and objectives. 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

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## Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 December 2021 

## Objectives and Activities 

As set out in the Memorandum of Association, the Charity’s objects are: 

‘To further or benefit the residents ofBransholme, Hull and the neighbourhood, without the distinction ofsex, sexual orientation, race or ofpolitical, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effect to advance education and to provide facilities in the interest ofsocial welfare for recreation leisure time occupation with the objective of improving the conditions oflife for the residents. 

In furtherance ofthese objects but not otherwise the trustees shall have power: To establish or secure the establishment of a community centre and to maintain or manage or cooperate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.’ 

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## Strategies for and significant activities that contribute to achieving stated objectives 

The organisation continually seeks to explore all appropriate funding opportunities and income streams which help achieve the Charity’s stated objectives. 

## Public benefit 

The Trustees confirm that they have complied with the duty, contained in Section 4 of the Charities Act 2011, to have due regard to the guidance on public benefit issued by the Charity Commission. The charitable purpose of the charity within the meaning of the act is contained within its objects stated above. Review of Activities 2021 

The Bransholme Community Arts Enterprise Limited Board of Trustees is satisfied that during 2021: ¥* Our work reflected our aims. <# Our resources were well managed. 

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%# Members were satisfied with the service 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 poor quality of life. Much of our work is with disadvantaged young people; however, our projects and facilities attract all ages of the local community. 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

Report of the Board of Trustees (incorporating the Director’s Report) For the year ended 31 December 2021 

## Objectives and Activities 

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## Review of Activities 2021 (continued) 

Following from pandemic restrictions it has been a challenge to get our regular groups up and running again. LAFSS, the partnership with Hull City Council and KIDS — the national charity have restarted In a reduced fashion, but the partnerships with schools have fallen by the wayside. 

Wayne, our fill-time Youth Arts worker, has had to remain working at home due to a long-term family illness. He has been planning and preparing activities for Frances and Chris to dellver to the groups as well as continuing with his very successful Instructional videos (over 40k hits!). 

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We had a very successful summer activity programme, again working with regular partners delivering art activities to both children and families. 

The project benefitted more than 250 disadvantaged young people including those with learning difficulties and/or disabilities throughout the year. 

## Main objectives for the following year: 

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Our main priorities for the coming year to rebuild the groups and partnerships that existed before the pandemic 

## Financial Review 

## Reserves Policy 

It is our policy to hold sufficient unrestricted reserves to cover designated redundancy and meet in full redundancy costs should the charity cease to operate. The unrestricted reserve 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 decisions during interim periods when funding is being sought. 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

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## Report of the Board of Trustees (incorporating the Director’s Report) For the year ended 31 December 2021 

Trustees will monitor reserves 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 reserves (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.) 

## Principal Funding Sources 

See note 12 of the notes to the accounts for a detailed explanation of the Company’s restricted funds. 

## Plans for Future periods 

Please see main objectives for the following year. 

## Statement of disclosure of information to Independent Examiner 

We, the Directors of the Company who held office at the date of approval of these financial statements, each confirm so far as we are aware, that: 

- #4 there is no relevant information of which the Company's Independent Examiner is unaware; and 

- #* we have taken all the steps that we ought to have taken as Directors in order to make ourselves aware of any relevant information and to establish that the Company’s Independent Examiner is aware of that information. 

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## Statement of Director's 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 Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state 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 statements, the Trustees are required to: 

- e select suitable accounting policies and then apply them consistently; 

- e observe the methods and principles in the Charities SORP; 

- e make judgements and estimates that are reasonable and prudent; 

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BRANSHOLME COMMUNITY ARTS Company Number 04588226 ENTERPRISE LIMITED Charity Number 1127766 Report of the Board of Trustees (incorporating the Director’s Report) For the year ended 31 December 2021 

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- e state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- e prepare the financial statements on the going concer basis unless it is inappropriate to presume that the charity will continue !n 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 statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

## Independent Examiner 

A resolution to reappoint Independent Examiner, Rebecca Triffitt of Phoenix Accountancy and Business Consultancy Limited will be proposed at the forthcoming annual general meeting. 

By order ofthe“AN Christopher Snell Chair Person 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED Income and Expenditure Account For the year ended 31 December 2021 

Company Number 04588226 Charity Number 1127766 

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|Notes|2021|2020|
|£|£|
|INCOME|61,534|59,384|
|EXPENDITURE|(56,960)|(51,335)|
|OPERATING SURPLUS/|(DEFICIT)|7|4,574|8,049|
|Interest|receivable and|similar income|-|-|
|Profit/(Loss)|on|disposal|of fixed|assets|-|-|
|Bad|debts|written|off|-|-|
|SURPLUS/(DEFICIT)|FOR THE YEAR|4,574|8,049|
|RESERVES BROUGHT FORWARD|12|18,743|10,694|
|a|
|RESERVES CARRIED FORWARD|12|23,317|18,743|

**----- End of picture text -----**<br>


Total income of £61,534 (2020: £59,384) comprises £10,039 (2020: £6,089) for unrestricted funds and £51,495 (2020: £52,855) for restricted funds. A detailed analysis of Income by source is provided in the statement of financtal activities. 

The surplus for the year of £4,574 (2020: surplus £8,049) comprises a surplus of £7,171 (2020: surplus £3,122) for unrestricted funds and a defecit of £2,597 (2020: surplus £4,927) for restricted funds as shown in the statement of financial activities. There are no recognised gains and losses other than those passing through the income and expenditure account. All operations are continuing operations. 

The notes on pages 17 to 27 form part of these financial statements. 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

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**----- Start of picture text -----**<br>
Statement of Cash Flows<br>For the year ending 31 December 2021 |<br>Notes 2021 2020<br>£ £<br>Net Movement in Funds 4,574 8,049<br>Add back depreciation charge 9 - -<br>Deduct Interest income shown in investing<br>activities - -<br>Decrease/(increase) in debtors 10 10,250 (9,554)<br>Increase/(decrease) in creditors 11 3,228 (6,521)<br>Net cash used in operating activities 18,052 (16,075)<br>Cash flows from investing activities<br>Interest income - -<br>Purchase of tangible fixed assets 9 - -<br>Cash provided by (used in) investing<br>activities . -<br>Cash flows from financing activities<br>Repayment of borrowing - .<br>Cash used in financing activities - -<br>Increase/(decrease) in cash and cash<br>equivalents 18,052 (8,026)<br>cash and cash equivalents at the beginning of<br>the year 17,470 25,496<br>Total cash and cash equivalents at the<br>end of the year 35,522 17,470<br>**----- End of picture text -----**<br>


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The notes on pages 17 to 27 form part of these financlal statements. 

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BRANSHOLME COMMUNITY ARTS 

Company Number 04588226 Charity Number 1127766 

ENTERPRISE LIMITED 

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Notes to the financial statements for the period ended 31 December 2021 

## 1. Accounting policies 

## 1.1. Accounting convention 

The financial statements have been prepared in accordance with 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 (FRS102) (effective it January 2019) — (Charfties SORP (FRS102)), the financial reporting standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. 

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Bransholme Community Arts Enterprise Limited meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting policy note(s). 

## 1.2. Company status 

The Charity is a company limited by guarantee. The members of the Company are the Directors named on page 3. 

## 1.3. Going Concern 

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The Trustees consider the Charity to be a going concern. The accounts have been prepared on this basis. 

## 1.4. Incoming resources 

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- Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably, 

Services provided, investment income and rents are accounted for on the accruals basis. Other income is accounted for when received. All income is shown gross with associated costs included in expenditure. 

Grants received to fund the purchase of fixed assets are credited to the Statement of Financial Activities when the Company is legally entitled to the income. The related expenditure is charged to Fixed Assets in the Balance Sheet. 

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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

## Notes to the financial statements 

## for the period ended 31 December 2021 

## 1. Accounting policies (continued) 

## 1.4. Incoming resources (continued) 

Grants received of a revenue nature are accounted for on the accruals basis and credited to Incoming Resources in the Statement of Financial Activities when the company is legally entitled to the income, the amount can be quantifled with reasonable accuracy and the grant relates to the relevant time period. Therefore grants received In advance may be deferred to future time periods. This is a departure from the Charities SORP (FRS102) In order to ensure that the accounts of the Charity provide a “True and Fair” view. The Trustees considered the requirement to recognise income when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the Income will be received and the amount can be measured reliably. Due to the payment of some grants received in advance this would distort ‘the Net Surplus/(Deficit) figures which could jeapordise the Charity’s position when applying for contracts. 

All deferred income is shown in Note 11. (b). 

## 1.5. Fund accounting 

: | 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. Restricted funds are accounted for separately to each other and to the core funding of the Company. 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

| | | | | | ; | | : | | | | | | : | | | 

18 



BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED Notes to the financial statements for the period ended 31 December 2021 

Company Number 04588226 Charity Number 1127766 

| | | 

i | ! | | | 

- 1.6. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: 

   - e Expenditure on charitable activities includes the costs of all activities undertaken to further the purposes of the charity and their associated support costs. 

The Charity is not VAT registered and irrecoverable VAT is charged as a cost against the activity for which the expenditure was Incurred. 

## 1.7. Allocation of support costs 

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, premises costs and governance costs which support the Charities activities. 

All activities undertaken by the Charity are in furtherance of the Charitable objects therefore all support costs have been allocated to charitable activities. A full breakdown of all costs related to Charitable Activities has been provided in Note 5. 

- 1.8. Tangible fixed assets and depreciation 

- : 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life (except as detailed below) as follows: 

## Plant and Machinery 

33% on the straight line basis 

- 1.9. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

- 1.10. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

| | | | | | | | | | 

## 1.11. Creditors and provisions 

- Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

19 



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BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

Notes to the Financial Statements for the year ended 31 December 2021 

| 

: 

| | } 

## 7. Operating surplus 

|The operating surplus is arrived at after charging:|Total||Total||
|---|---|---|---|---|
||2021||2020||
||£||£||
|Depreciation —Owned Assets||-||-|
|Directors Emoluments||-||-|
|Directors Travelling Expenses||-||-|
|Accountants Remuneration||600||600|
|||600||600|



## 8. Taxation 

## As a charity the Company is exempt from Corporation Tax. 

## 9. Tangible Fixed Assets 

||Plant and|
|---|---|
||Machinery|
|Cost||
|At 01 January 2021<br>Additions<br>Disposals|21,583<br>-<br>a|
|At 31 December 2021|21,583|
|Depreciation||
|At01 January2021<br>Charge for the year|21,583<br>-|
|On Disposals|-|
|At 31 December 2021|21,583|
|Net Book Value||
|At 31 December 2021|-|
|At31December2020|~|




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23 



BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

| 

i 

| 

| ; | ! : | | : | ! 

| | : | | | | | 

|Notes to the Financial Statements|Notes to the Financial Statements|||||
|---|---|---|---|---|---|
|fortheyearended 31 December|2021|||||
|10.<br>Debtors|Total<br>2021|||Total<br>2020||
|Trade Debtors|£|-||£|-|
|Other Debtors||142|||699|
|Prepayments and Accrued Income||-|||9,693|
|||142|||10,392|
|Debtors||||||
|b)AccruedIncome||||||
|The following Income was received after the year end:||||||
|Income||Total||Total||
|BBC Children In Need||2021|-|2020<br>9,693||
||||-||9,693|
|11.<br>Creditors||||||
|a) Creditors: Amountsfallingduewithin oneyear||||||
||Total<br>2021|||Total<br>2020||
|Trade Creditors||1,053|||1,053|
|Taxes and Social Security||219|||1|
|Pension<br>Accruals||.<br>1,864|||-<br>600|
|Deferred Income<br>11.<br>Creditors||9,211<br>12,347|||7,465<br>9,119|
|b) Deferred Income||||||
|Thefollowingincome hasbeen deferred intofutureyears:||||||
|Income|Reason fordeferral|Total<br>2021||Total<br>2020||
||||||£|
|BEC Children in Need|Funding relating to future<br>financial year|8,044|||7,465|
|UKYouth Fund||1,167||||
|||9,211|||7,465|



24 



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| 

BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

| | | | | 

## Notes to the Financial Statements for the period ended 31 December 2021 

|Restricted funds||||||
|---|---|---|---|---|---|
|Youth ArtWorks (V)<br>CreativeActivities (VI)|Balance<br>at<br>01/01/21 <br>8,114<br>180|Movement In Resources<br> Incoming<br>Outgoing<br>Transfers <br>22,686<br>(26,453)<br>-<br>5,814<br>(5,994)<br>-|||Balance<br>at<br> 31/12/21<br>4,347<br>-|
|HCC-Youth Development<br>HCC—Health HolidayFund<br>HCC — Heritage Garden Trail|535<br>-<br>-|-<br>5,710<br>1,350|-<br>(5,710)<br>-|-<br>-|535<br>-<br>1,350|
|Furlough— Covid -19|-|15,935|(15,935)|-|-|
|City Arts Unit|1,096|-|-|-|1,096|
||9,925|51,495|(54,092)|-|7,328|



## A brief description of the Restricted Funds are given below: 

## Youth Art Works (V) 

Restricted funding was provided by BBC Children in Need for the period July 2018 to June 2021 for The Youth Art Works project which will deliver creative art sessions to young people from Bransholme in Hull who are experiencing economic disadvantage and lack of opportunitles. Young people will have improved selfesteem, Increased aspirations and feel more creative. 

## Creative Activities 

Restricted funding was provided by BBC Children in Need to facilitate creative activities with teenagers with learning difficulties for three years. 

## City Arts Unit 

Restricted funding was provided by Hull City Council to develop work to benefit young adults with learning difficulties and/or disabilities. 

| 

| 

| 

| | : | 

## HCC — Youth Development (Summer 2020) & Memorial 

Restricted funding was provided from Hull City Council to provide art materia! and basic equipment to young people identified by Hull City Council-LAFSS, Briggin School and others as being most In need 

## Furlough — Covid 19 

Restricted funding was received from government to contribute towards payroll costs, relating to staff members on furlough due to pandemic. 

26 



BRANSHOLME COMMUNITY ARTS ENTERPRISE LIMITED 

Company Number 04588226 Charity Number 1127766 

! | | | : | 

## Notes to the Financial Statements for the period ended 31 December 2021 13. Directors remuneration No remuneration directly or indirectly out of the funds of the Company was paid or payable for the year to any Director nor for the prior year. 

| 

| 

There was no relmbursement of travel expenses made to Directors In respect of the year nor for the prior year. 

All travel expenses paid to employees, volunteers and Directors are in line with approved mileage rates set by HMRC. 

## 14. Related Party Transactions During the year the Company had no related party transactions with Its Trustees/Senior Officers or organisations or individuals connected to them. 15. Other recognised gains and losses There were no other recognised gains or losses. 16. Members The liability of the members is IImited. 

Every member of the Company undertakes to contribute such amount as may be required, not exceeding £1, to the Company’s assets if it should be wound up while he or she is a member, or within one year after he or she ceases to be a member for payment of the Company’s debts and liabilities contracted before he or she ceases to be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves. If the Company Is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property, it shall not be paid to or distributed among the members of the Company but shall be given or transferred to some other charity or charities having objects similar to the objects of the Company. 

| 

! | | | i { | | 

## 17. Going Concern 

The Trustees consider the Company to be a going concern for a period of at least 12 months beyond the date of the Independent Examiners report. 

Bransholme Community Arts Enterprise Limited currently have two ongoing BBC Children in Need grants which are ongoing. 

Further funding opportunities will be explored in order to develop further activities. 

27