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2021-09-30-accounts

REGISTERED COMPANY NUMBER: 07077838 (England and Wales) REGISTERED CHARITY NUMBER: 1134459

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2021

for The Pump (East Birmingham) Limited

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

The Pump (East Birmingham) Limited

Contents of the Financial Statements for the Year Ended 30 September 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Financial Statements 11 to 19

The Pump (East Birmingham) Limited

Report of the Trustees for the Year Ended 30 September 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The project now known as The Pump was initiated by the Prince of Wales to improve the provision for Young people in deprived urban areas. Birmingham City Council took forward the project in close collaboration with the Princes Charities and in consultation with local young people. The Centre opened in 2007.

The Trust was established as a Charity in 2009 with the intention of taking over the building via a lease and taking full responsibility for the centre but continuing to operate in a close partnership with the City Council Youth Service. The building lease took effect from May 2013

Main objectives for the year

The Trusts mission is to become and beacon and source of inspiration for the personal development of young people . We have agreed to carry out our work in accordance with a set of core values:

The Trust uses an information management system (views) that hold all data pertaining to our work. This enables us report on our successes with qualitatively and other mechanisms used gives us a range of quality data we can use to report impact - Youth Star. A company dashboard is produced each quarter for the board and details the high levels achievements for the quarter including numbers of learners, qualifications gained etc.

Public benefit

In setting these objectives and aims, the Trustees have given due regard to the guidance published by the Charity Commission on Public Benefit.

Page 1

The Pump (East Birmingham) Limited

Report of the Trustees for the Year Ended 30 September 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Although activity levels during the year were restricted by the effects of Covid 19 particularly the ability to hold youth clubs and organised group training the financial income performance was strong as funders recognised the difficult situation and agreed to support the pump's core activity and its future needs often with specific activity delayed due the covid restrictions.

Review of activity/ achievements for the year

Given Lockdown from March 2020 to the end of the financial year (and beyond) the impact of Covid19 has been significant on the Trust as follows:

However, we did achieve:

Page 2

The Pump (East Birmingham) Limited

Report of the Trustees for the Year Ended 30 September 2021

FINANCIAL REVIEW

Financial results

As a result of the strong support from funders through the pandemic the financial accounts show an increase in net funds of £126,848 of which £33,653 was specifically restricted to designated activity and carried forward to future financial years. The trustees also agreed to earmark £50,000 of the unrestricted funds for capital and major repairs to the building which is now 15years old. There is a need for both major repairs, restoration and improvement work both to the fabric of the building and its plant and machinery.

The Trust's cash position remains strong as funding generally has preceded activity and agreed expenditure plan.

Significant events that have affected financial performance and financial position during the period

Following the restructure of the previous year we had to lose three full time members of staff due to contracts ending, this gave a shortfall in capacity, however as we were unable to open, this meant we could retrench temporarily and keep a smaller more efficient team to manage the work in the first half of the year.

Financial effect of significant events

After an uncertain first half years securing two large core funding bids in the second half of the year, enabled us to secure our operation and will also enable us to invest in much needed capital works.

Principal risks and uncertainties

Reserves policy

The Trusts policy on reserves has been to maintain a level to maintain operations for at least 12 months in the event of unexpected loss of revenue - grants rents etc. to give time to replace income from other sources.

Project reserves are specific to individual projects and are ring-fenced until spend against the project is achieved.

At 30 September 2021, total reserves were £376,515, of which £78,899 were held for restricted purposes. A further £66,918 has been designated for future specific use, leaving free reserves of £230,698, an increase of £73,170 from the prior year.

Designated fund

The Trustees has set aside funds for upcoming essential building costs/repairs as the building is now 15 years old, we are finding the level of maintenance required is increasing.

The building is complex and multiple areas of work need attention including large oak frame windows on three levels that need maintenance. In addition to this, we need to invest in plant equipment and upgrade large networks of lighting to be more ecological and substantiable. Also, the Den area which is allocated in the basement for young people needs updating and refurbish throughout.

Trustees have agreed to carrying forward funds form our designated fund last year (as noted in accounts) and a further increase of funds, from this year to meet the high-level building demands.

PROPOSED NEW AREAS OF WORK

Page 3

The Pump (East Birmingham) Limited

Report of the Trustees for the Year Ended 30 September 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The governing document is its Articles of Association adopted on 16 November 2009.

Charity constitution

The Pump (East Birmingham) Limited is a charity, incorporated under the Companies Act 2006 as a private company, limited by guarantee, with its registered office in England & Wales and registered with the Charity Commission in February 2010.

Recruitment and appointment of new trustees

The Directors set out below served throughout the period of this report. The Trust also engages public and private sector partners in the management of the project.

Structure and decision making

Day to day responsibilities lie with the Project Director, Charlotte Linforth, and a small team, made up of delivery staff and support staff. The Project Director reports directly to the Trustees, on all operational activity, financial issues, and development of the business plan.

Key management remuneration

Arrangements for setting pay and remuneration of key management personnel is undertaken through annual appraisal and midterm review with all staff, using the Trusts pay and progression policy. Recommendations for pay award are taken to the Board by The Project Director and approved in line with the fiscal year. The Trust employs an external HR consultant who reviews all our pay and HR procedures to ensure we are in line with national benchmarks.

The Project Director is employed by Birmingham City Council under different terms and conditions. Since 2016 an agreement has been reached for the Trust to pay 50% of the Project Directors cost who also is responsible for line management of some City council staff and achieving set outcomes.

Relationship with related parties

Key relationship with Birmingham City Council as The Pump is a strategic hub in their structure and houses youth work staff, however this has reduced significantly over the last 10 years.

Strategic relationship with private sector company, Arconic plc, remains important in terms of profile and funding opportunities but unfortunately our relationship with Levi Strauss has ended due to their funding reductions

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.

Any major risks and issues form part of the quarterly board meeting, or urgent matters thorough Chairs action and with ISO 9000 recently awarded, the Trusts systems and processes for managing risk are clearly mapped and identified with corrective and preventive actions in place.

The Trust works to ISO 9001 quality management system standard and has retained its certifications year on year. The policies, processes and procedures required for planning and execution enable us to manage the core business Trust. Audits are carried out throughout the year and all policies and procedures including risk assessments are reviewed 6/12 monthly.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07077838 (England and Wales)

Registered Charity number

1134459

Page 4

The Pump (East Birmingham) Limited

Report of the Trustees for the Year Ended 30 September 2021

Registered office

The Pump 286 Kitts Green Road Birmingham B33 9SB

Trustees

B Summers - Chairman A M Holding Miss L M Edwards Mrs M E Ball Mrs B Hawkesford

Board members Councillor J Cotton

Company Secretary Miss J M Barrett

Independent Examiner

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

Bankers Lloyds plc Approved by order of the board of trustees on 2 March 2022 and signed on its behalf by:

B Summers - Trustee

Page 5

Independent Examiner's Report to the Trustees of The Pump (East Birmingham) Limited

Independent examiner's report to the trustees of The Pump (East Birmingham) Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Williams FCA FCCA Institute of Chartered Accountants in England and Wales Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

9 March 2022

Page 6

The Pump (East Birmingham) Limited

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
143,921
Other trading activities
3
48,760
Investment income
4
16
Other income
289
Total
192,986
EXPENDITURE ON
Charitable activities
5
The Pump
99,791
NET INCOME
93,195
RECONCILIATION OF FUNDS
Total funds brought forward
204,421
TOTAL FUNDS CARRIED FORWARD
297,616		 Restricted
funds
£
331,538
-
-
-
331,538
297,885
33,653
45,246
78,899		 30.9.21
Total
funds
£
475,459
48,760
16
289
524,524
397,676
126,848
249,667
376,515		 30.9.20
Total
funds
£
307,012
62,527
161
1,969
371,669
346,629
25,040
224,627
249,667

The notes form part of these financial statements

Page 7

The Pump (East Birmingham) Limited (Registered number: 07077838)

Balance Sheet

30 September 2021

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
-
Cash at bank
344,163
344,163
CREDITORS
Amounts falling due within one year
11
(46,547)
NET CURRENT ASSETS
297,616
TOTAL ASSETS LESS CURRENT
LIABILITIES
297,616
NET ASSETS
297,616
FUNDS
12
Unrestricted funds:
General fund
Capital projects
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
128,899
128,899
(50,000)
78,899
78,899
78,899		 30.9.21
Total
funds
£
-
473,062
473,062
(96,547)
376,515
376,515
376,515
230,698
66,918
297,616
78,899
376,515		 30.9.20
Total
funds
£
2,064
292,501
294,565
(44,898)
249,667
249,667
249,667
157,528
46,893
204,421
45,246
249,667

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

The Pump (East Birmingham) Limited (Registered number: 07077838)

Balance Sheet - continued 30 September 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2 March 2022 and were signed on its behalf by:

B Summers - Trustee

The notes form part of these financial statements

Page 9

The Pump (East Birmingham) Limited

Cash Flow Statement
for the Year Ended 30 September 2021
30.9.21
Notes
£
Cash flows from operating activities
Cash generated from operations
14
180,545
Net cash provided by operating activities
180,545
Cash flows from investing activities
Interest received
16
Net cash provided by investing activities
16
Change in cash and cash equivalents
in the reporting period
180,561
Cash and cash equivalents at the
beginning of the reporting period
292,501
Cash and cash equivalents at the end
of the reporting period
**473,062 **		 30.9.20
£
33,521
33,521
161
161
33,682
258,819
292,501

The notes form part of these financial statements

Page 10

The Pump (East Birmingham) Limited

Notes to the Financial Statements for the Year Ended 30 September 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Donated services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 11

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

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.

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 obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Donations
1,029
Project grant funding
142,892
143,921		 Restricted
funds
£
-
331,538
331,538		 30.9.21
Total
funds
£
1,029
474,430
475,459		 30.9.20
Total
funds
£
130
306,882
307,012

Page 12

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

ALCOA Internship Project
Youth Music Project
Youth Investment Fund
Targeted grants and trusts
Levi Strauss
Government's Small Business Grant Fund and Retail, Hospitality
and Leisure Grant Fund
Arconic - Concept Lab
BBC Children In Need Project B
HMRC - Coronavirus Job retention Scheme
Sport Birmingham - Happy Healthily Holidays
The National Lottery Community Fund - Awards for All
BBC Children In Need
Social Investment Business
SONY Music UK - Social Justice Fund
CAF Resilience Fund
Birmingham Voluntary Sector Council
DCMS - Youth Covid-19 Support Fund
The Julia and Hans Rausing Trust
The National Foundation for Youth Music - Incubator Fund
Employability UK - Kickstart Scheme
Music Fusion
Other grants		 30.9.21
£
26,968
12,732
-
-
45,754
1,100
-
41,430
2,708
-
10,000
10,000
8,230
50,000
68,232
25,988
52,340
80,090
27,000
9,360
2,496
2
474,430		 30.9.20
£
12,530
25,466
48,716
28,400
45,755
25,000
32,196
47,696
25,301
3,755
-
12,067
-
-
-
-
-
-
-
-
-
-
306,882

3. OTHER TRADING ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
Rents
44,790
-
Room hire
923
-
Play scheme
1,500
-
Cafe rents and service charges
439
-
Other income
1,108
-
48,760
-		 30.9.21
Total
funds
£
44,790
923
1,500
439
1,108
48,760		 30.9.20
Total
funds
£
49,013
4,788
7,427
1,030
269
62,527

Page 13

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

4. INVESTMENT INCOME

Unrestricted
funds
£
Deposit account interest
16
5.
CHARITABLE ACTIVITIES COSTS
The Pump
6.
SUPPORT COSTS
Office
and
administration
£
The Pump
**12,987 **		 30.9.21
Restricted
Total
funds
funds
£
£
-
16
Support
Direct
costs (see
Costs
note 6)
£
£
291,901
105,775
Governance
Projects
costs
£
£
91,108
1,680		 30.9.20
Total
funds
£
161
Totals
£
397,676
Totals
£
105,775

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
Interns		 30.9.21
£
160,119
5,813
2,788
168,720

30.9.21
16
6
22		 30.9.20
£
177,417
10,336
5,897		 30.9.20
£
177,417
10,336
5,897
193,650
30.9.20
11
5
16

No employees received emoluments in excess of £60,000.

Page 14

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 27,327 279,685 307,012
Other trading activities 62,527 - 62,527
Investment income 161 - 161
Other income 1,969 - 1,969
Total 91,984 279,685 371,669
EXPENDITURE ON
Charitable activities
The Pump 77,648 268,981 346,629
NET INCOME 14,336 10,704 25,040
RECONCILIATION OF FUNDS
Total funds brought forward 190,085 34,542 224,627
TOTAL FUNDS CARRIED FORWARD 204,421 45,246 249,667
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£ £
Other debtors - 2,064
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£ £
Trade creditors 7,327 -
Social security and other taxes 3,550 2,828
Other creditors 620 4,626
Accruals and deferred income 85,050 37,444
96,547 44,898
Deferred income includes project reserves which are specific to individual projects which will be
delivered over an agreed period of time:
30.9.21 30.9.20
£ £
Deferred income brought forward 16,436 7,590
Income now released to SoFA (16,436) (7,590)
Income received in the year and deferred 50,000 16,436
Deferred income carried forward **50,000 ** 16,436

The total deferred income is made up of the following projects:

Page 15

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Levi Straus - project delivery in October and November 2020
Arconic - delivery extended to March 2021
SONY/ATV Youth Justice project - year 2 of 2
12.
MOVEMENT IN FUNDS
Net
At
movement
1.10.20
in funds
£
£
Unrestricted funds
General fund
157,528
123,170
Capital projects
46,893
(29,975)
204,421
93,195
Restricted funds
Alcoa global internship programme
20,279
(20,279)
Targeted income grants
3,000
(3,000)
BBC Children In Need
9,972
(9,972)
Levi's - music studio project
-
7,625
Youth Music - Fund B project
11,995
(11,995)
Youth Music - Incubator
-
15,597
SONY/ATV - Youth Justice Fund
-
46,467
BBC Children In Need Small Grant B
-
3,316
Music Fusion (Mavericks4 Album)
-
500
Arconic PHS 4
-
5,394
45,246
33,653
TOTAL FUNDS
249,667
126,848		 30.9.21
£
-
-
50,000
Transfers
between
funds
£
(50,000)
50,000
-
-
-
-
-
-
-
-
-
-
-
-
-		 30.9.20
£
6,536
9,900
-
At
30.9.21
£
230,698
66,918
297,616
-
-
-
7,625
-
15,597
46,467
3,316
500
5,394
78,899
376,515

Page 16

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Capital projects
Restricted funds
Alcoa global internship programme
Targeted income grants
BBC Children In Need
Levi's - music studio project
Youth Music - Fund B project
HMRC - Coronavirus Job Retention
Scheme
Youth Music - Incubator
SONY/ATV - Youth Justice Fund
SiB - Enterprise Development
Programme
CAF Resilience Fund
BHAF Summer programme
BBC Children In Need Small Grant B
Awards 4 All Summer Programme
Music Fusion (Mavericks4 Album)
Arconic PHS 4
TOTAL FUNDS		 Incoming
resources
£
192,986
-
192,986
-
-
41,430
45,754
12,732
2,708
27,000
50,000
8,230
68,232
25,988
10,000
10,000
2,496
26,968
331,538
524,524		 Resources
Movement
expended
in funds
£
£
(69,816)
123,170
(29,975)
(29,975)
(99,791)
93,195
(20,279)
(20,279)
(3,000)
(3,000)
(51,402)
(9,972)
(38,129)
7,625
(24,727)
(11,995)
(2,708)
-
(11,403)
15,597
(3,533)
46,467
(8,230)
-
(68,232)
-
(25,988)
-
(6,684)
3,316
(10,000)
-
(1,996)
500
(21,574)
5,394
(297,885)
33,653
(397,676)
126,848

Comparatives for movement in funds

Unrestricted funds
General fund
Capital projects
Restricted funds
Alcoa global internship programme
Targeted income grants
BBC Children In Need
Makerspace on the move
Youth Music - Fund B project
TOTAL FUNDS		 At
1.10.19
£
136,525
53,560
190,085
-
3,000
-
9,000
22,542
34,542
224,627		 Net
movement
in funds
£
31,003
(16,667)
14,336
20,279
-
9,972
(9,000)
(10,547)
10,704
25,040		 Transfers
between
funds
£
(10,000)
10,000
-
-
-
-
-
-
-
-		 At
30.9.20
£
157,528
46,893
204,421
20,279
3,000
9,972
-
11,995
45,246
249,667

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The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Capital projects
Restricted funds
Alcoa global internship programme
Youth Investment Fund
Targeted income grants
BBC Children In Need
Makerspace on the move
Levi's - music studio project
Youth Music - Fund B project
Happy Healthy Holidays project
HMRC - Coronavirus Job Retention
Scheme
TOTAL FUNDS		 Incoming
resources
£
91,984
-
91,984
44,725
48,716
28,400
57,568
-
45,755
25,465
3,755
25,301
279,685
371,669		 Resources
Movement
expended
in funds
£
£
(60,981)
31,003
(16,667)
(16,667)
(77,648)
14,336
(24,446)
20,279
(48,716)
-
(28,400)
-
(47,596)
9,972
(9,000)
(9,000)
(45,755)
-
(36,012)
(10,547)
(3,755)
-
(25,301)
-
(268,981)
10,704
(346,629)
25,040

Details of restricted funds:

Levi's - music studio project : to manage and oversee music studios per annum, including line management of Studio Manager, public liability, risk assessment, liaising with schools and community groups

Youth Music - Incubator : to give creative & musical-minded young people (aged 18-25) an opportunity to form a production team; to stream live (and pre-recorded) events, workshops & seminars, and to develop & showcase their creative & musical talents.

SONY/ATV - Youth Justice Fund : to take an integrative STEAM approach to youth work with a creative hands-on approach to designing, making, re-cycling, business planning & trading.

BBC Children In Need Small Grant B : to deliver playschemes for disadvantaged children - via 1 week in Spring, 2 weeks in Summer & 1 week in Autumn.

Music Fusion (Mavericks4 Album) : a collaborative music making project.

Arconic PHS 4 : to deliver an 8-12 week workforce employability programme for 25 unemployed youth (aged 18-24). Funds include $1k to 1 young person from the programme, based on their dedication to achieve their goals.

Transfers between funds

A transfer of £50,000 has been made in the year from general funds to the capital projects designated fund, to top this up to fund the key areas of work as outlined in the report of the Trustees.

Page 18

The Pump (East Birmingham) Limited

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

14. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
30.9.21 30.9.20
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 126,848 25,040
Adjustments for:
Interest received (16) (161)
Decrease in debtors 2,064 843
Increase in creditors 51,649 7,799
Net cash provided by operations 180,545 33,521

15.. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.20 Cash flow At 30.9.21
£ £ £
Net cash
Cash at bank **292,501 ** **180,561 ** **473,062 **
**292,501 ** **180,561 ** **473,062 **
Total **292,501 ** **180,561 ** **473,062 **

Page 19