REGISTERED COMPANY NUMBER.. 07077838 (England and Wales} REGISTERED CHARITY NUMBER: 1134459 Report of the Trtee$ and unaudit Flnancial Stalemgnts lor th6 Year Endèd 30 Septsmber 2022 Tho Pump (East Bimilngham) Llmlt¢d Locke Willrdms AssLxiales LLP Chartered Accounlanls do Blackthom House St Pauls Square Birmingham West MidU4nds 83 1RL •AC2PWXO• 0210512023 COMPANIES HCiJSE A03
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The Pump {E•st Birnilngh•m) Limiled Contents oflhe Flnanclal Stslements for the Year Ended 30 Septembw 2022 Page Report of the Trust¢es Independent Examinerfs Report Stalem•nt of Financial Activities Balance Sheot Notss to Ihe Flnanclal Staternents 9 to 16
The Pump (East Bimiingham) Limited Report of the Trustws for the Year Ended 30 Septemb•r 2022 The trustees who are also directors of the chaiity for Ihe pury)oses (rf the Comp8ns Act 2006, presenl their report with the financial statements of the charty for the year ended 30 September 2022. The trustees have adopted the provisrons of Accounting and Reporting by Charities". Ststement of Re¢omm¢nded Practice applicable to charities preparing their accounts in accordarKe the Financ1 Reporting Standard applr&7ble in the UK and Repubh'c of Ireland {FRS 102) (effe¢Xi¥e 1 January 2019). New structure adcyled in September 2021 wlh small core marement team. %wth sessional staff only, freelance and inlemships wrth young peop to keep a more afftirdabie, leaner structure. This has largdy conth.nued Since the year end. Fun¢Jraising fvnct¥)n to onty focus on CO funding opportunities With lod(d¢)wn ending in June and now staff in place for deliver. we invested in a sunvner temporary staffing cohort with the sole purpose rf engagement and detNery until we were in a better position to see what fvnd5 woubj come in the second haw of the year. This proved lo be very successful. OWECTIVES AND ACTMTIES Objectlves and aims The project now known as The Purry was inibal&Y by the Prince of Wales to Krwove the provisicffl for young people in deprived urt)an areas. Bimingham Cty COU11 t¢Jok foThvard the project in close cc41aborntion with the Princes Challtses and in consultstion wrth local young people. The Centre opened in 2007. The Tiusl wrds established as a Chartty in 2009 vAth the inlenlKrfi of laking over the building via a lease and tsking full SponSIbl1rtY for the centre but continuing to cperale in a ck)se partnership wth the Cty Council Youth se. The building lease Ik effed frcrfn May 2013. Maln objectlves for the year The Trusts mission is to become and beacon ar Source of Insplratlon for the rSonal devèlopm•nt of young people. We have agreed to cary oul our in accordance ¥wth a sel of core vaiues.. 1 Inspiration- stimulaling leaming aThJ er•>3uraging creative thinking. 2 Participation- lo enrage the actNe involwnenl of young peep and wcffk in partnership with our l¢xal eommunrty. 3 Equalty antj dNersrty- valuing drference and treating eVerye v•th re$ped and ChaIn91rj Opp8$11) and prejudice. 4 Raising aspiration - realln9 the Fdentral and talents that e)ist wthin 811 your& peoplo S Qualty - aVaYS looking for new and better ways of Wfv"ng 6 Empowem)enl- placing young peopk al the heart of d¢cbSh)n mth.ng by incr&%ing capacty to make informed ¢hoices. The Trust use$ an infomalim manjeM system I¥*$) that hokj all dats pertaining to our work. This enables us report on our successes with quanlitNdy and other nnisM$ used gives us a range of qualty data we can use to report impact- Youth Star. A company dashboard is prtsJu¢ed each quarter for the board aThl detsils hpjh levels achievements for the quarter induding numbers of leamers. gualffications gained etc. Publlc b•n•fft In setting these obje¢b"ves and aims. the TN$tees have glven du8 regard to Ihe yuidance pi$ld by the Charity COMMI)n on PublK BeneffiL Page 1
Th• Pump {East 81ffliinghaml Llmited Report of the Trustees for th• Year End•d 30 Sep¢•mber 2022 ACHIEVEMENT AND PERFORMANCE Achievements for lhe year 100 occupancy on rentable space, giving a dNerse partnership to the charity. Secured ne•V Staff lo lead on key area$ of woth- Music and Employabilty. Re opened our Café wrth new staff on t4)ard and a free meal offered to all young pecple club visiting. Outstanding delNery on delayed vAirk pr(3ramme. seeing new young pecple to the l)uikling and enterprise developed. Large event for local communty in June- part of corrMllh cebbrations and sh¢)wcase for our young perfomers. New Trusleg joined on 12th January 2022 Better connectiwty %Mth some local schoots resutting in new arNI evohjtson of cufficular activty. New Youlh work stsff joined team Juty. Contracted out ICT. Replaced large areas of old INJhtsrvJ mre sustainable energy solutions. FINANCIAL REVIEW Financial results As a resutt of the strong SUFWt from fiJnde through the pandemic the financial accounts show an increase in net funds of £18,125 of which £10,344 was specrfThlty restricted to designated activty and carried forward to future financial years. The trustees a150 eannarked £53,705 of the urt$¢red funds for capital and major repairs lo the building which is now 15 years old. There is a need for both maiof repairs. restoration, arbd improvement work both lo the fabrtc of the building and ils plant and m&hinery. The Trust's cash kM)sition remains strcw as funding genoralty has Preded adivrty MI agreed expenditure plan. Reser¥es poliGy The Tiusls policy on reserves has been lo maintain a level of operatKJns for at least 12 months in the event of unexpected loss of revenue- grants rents etc. to give time lo replace Inccff from other Sotirces. Project re$efves a specific lo r#Jividual projects arKI are rirIed until spend against the project is achieved. At 30 September 2022, lolal reseNes We £394,640, of which £89.243 were hehj for restrthd purposes. A further £53.705 has been designated for future Speci use. leaving free reserves of £251.692. an increase of £20.994 from the prior year. Deslgnated fund The Trustees has set asMJe fvnds upcomirvj essential build9 c0stslrepa1 as the buiPJing is now 15 years old, we are ffinding the level of mantenance required is increasing. The building is o)mplex ar areas of WO need attention induding large oak frame win¢S)ws on three levels that need maintenance. In addition to this. we need to invest in plant equipment arml upgrade lafge netsvorks of Ighling lo be more ecdogicd and substantsble. Algo, the Den area which is allocated in the basement for young people nee¢ls updating and refvrbk*h throughout. Trustees have agreed to Carrn9 foThvard funds from our destqnated fund {as noted in ac¢ounts}. Page 2
The Pump IEast 8inningham) Llmited Report of the Trustees for the Year Ended 30 S•plember 2022 PROPOSED NEW AREAS OF WORK Develop our offer as a trainiro provider. more courses and tramiing OppctUnrtle$ induding enterprise. Create more comnrcial trading fvFQrtunrt wth our 4uSe shop1StlI0 Cafè and Maker$pa. Increase our wcyk with 16- 19+ around employability and trainrKJ. Introduce sports as a focus, subj.ect to fvnding for MUGA. Artist development programrre retsblished wilh Industry support. ExparKI and develop work wrth schools arKI AltematNe Provish)ns ftjr wsiting groups to utilise Creative spaces. Increase the number of vc4unteers, to give additional capxty Support young people with special edUcatnal needs RecNit more Trustees, focus on schools, marketing, business. Continue upgrade neIk$ of Ihting to be mole ee0kgl and substantiab5e. STRUCTURE, GOVERNANCE ANO MANAGEMENT Goveming document The chafty is ntrOlled by its goveming document. a deed of trust. and constitutes a limited company. limited by guarantee. as defined by the Companies Acl 2006. The goveming document is its Arts'cles of Aswation adopted 16 Noverthr 2009. Charity constitution The Pump (East Bimiingham) Limrted is a charity. incorprated under the cNIanIeS Acl 21X)6 as a privae company, limrted by guarantee. with its registered office in Ennd & Wales and rggistered wrth the Charty Carnmission in Febfuary 2010. Recruitment and appointrnent of now tru$tws The Diredors set OLrt below seThed throughout the wiod of this report. The Trust also engages public and Ne sector partners in the management ofthe Project. Stwclurn and d8clsion njaking Day to day re5ponsibilith?s lie with the Project Director. Charlotte Linf(th. and a small team, made up of delivery staff and support Staff. The Project Director reports directly to the Trustees. on all operational activty, financial issues. and devekpment of th8 business plan. The trustees have a duty to identify and revithv the risks lo which the charty is exposed and to ensure appropriate controls are in p to Pfovkle reasonab aSSUrar against fraud and error. Any major risks and issues lomi part of the quarterty board meeting, or urgent matters thorough Chairs action and wrth ISO 9000 accredilalion, the Tntsts systems and processes for managing risk are cleaty mwd and N4entffied wi(h rrectIVe and preventive action$ in pla¢e. The Trust works to ISO 9001 qualty management system slandard and has retained rts certifications year on year. The polics. prccesses and prccedures required for planning and execub.on enable us lo manage the core business Trust. Audit$ are carried out through1 the year aTrJ all pol$ and prc¢edures induding risk assessments are r¢viewed 6112 rnonth. Key management rwnuneration Arrangements for setting pay and reffluneratK of key management personnel i8 undertaken through annual appraisal and midiefm review wrth all staff, using the Trusts pay and prtraression policy. Rec¢ynmendation$ for pay award are taken to the Board by The Project Director and approved in line with the fiscal year. The Tnjsl employs an extemal HR consultsnt who revie*s al tyJr pay and HR priwknre5 to ensure we are in line with nati(y)al benchmarks. The Projed Director is employed by Birmingham Cty Council under dilferent lems and Conditions. Since 2016 an agreement has been reached for the Trust to pay 50% of the Project Directors cost who alxj is responsit4e for line fflanagent of50me Cty ¢(n¢1} staff aThJ achwing set oulcLrn. Page 3
The Pump (East Birnilngham) Limited Report of the Trustees for the Yr Erbded 30 September 2022 STRLICTURE, GOVER14ANCE AND MANAGEMENT Relationship with related parties Key relationship with Birmingham Cty Council as The Pury is a slregic hub in their slrudure and houses youth work stsff, however this has reduced Slgnrfanty over the last 10 years. Strategic relaltonship with pirvate sector e(xnpany. Arc0ft pk, remains imp1 in tems of profile and funding opportunities bul unfortunatdy tyjr relationship with Lew Strauss has ended due lo their funding reductions REFERENCE AND ADMINISTrATIVE DETAILS Registered Company number 07077838 IEn9land and Wales) RegIStsr Charity number 1134459 Registored offico The Pump 286 Krtts Green Road Bimingham B33 9SB Trustees B Summers- Chairman A M Holding Mis5 L M Ethvards Mrs M E Ball Mrs B Hawkesford {resigned 12.1.221 R Key lappoinled 12.1.22} Board membors Councdlor J Cotton- reswned Juty 2022 Company Secretary Miss J M Barrett Independent Examiner Lke Williams Associates LLP Chartered A¢UntantS cjo 81acklhorn House St Pauls Square Bimingham l Midlands B31RL Bankers Lbyds plc Approved by order of the tM)ard of tnjstees on 30 March 2023 sryn8d on ils behaw by". PJe 4
LOCKEWILLIAMS ASSOCIATES LLP Independent Examinerfs Report to the Trustets of The Pump (East Blrmlnghaffll Llffllt¢d Independent •y•mlnerf• report to th• trustee of The Pump IEast Blrnblngharnl Limlted fthe Company'l I report to tha charity trust68s on my 8101J.0n of the accowts ol the Crynwy for thè year •nded XJ Septèmbèr 2022. Re$ponslbiliti•8 and ba¥16 of r•port the ¢hariWs trustees of the CnpanY land atso ts directors lor purposts of company lawl you are responsible for Ihe pparal"on of the actounts in acwrdance ¥Mth the requireffients of tht Compans Act 20C6 Ilhe 2006 Arfl. Having sati5fEd myself that the accounts of Ihe Cornpany a not r8quir#d to bè audited under Part 16 of the 21)06 A and are eligible for iTrJeFendent exaMIna'0n. I report in resptti of my •xaminab"on of Yc ChS attounts as carried out under Section 145 of the Charl1 Act 2011 Ilhe 2011 Artl. In carrying out my exanNnats"on I have followed th¢ Oirgdions gIn by the Charity Cornmiwn urbJ•r Seth"on 14515) (bl of th8 2011 Ar Independent ex•rninerfs statrrnent Since your thanty's 9ross incorne exceeded £250.LI your ex1 must be a m¥mber of a listgd bcJy. I confirm that l am qualffied to undertake the examinaticxi aUse l am a rtwtered mèmber of Institutè of Chartered Accountants in England and Wakn which i8 one ofthe listed bc¥Jies. I have cornpleted my •xamInab"c. I conffimi that no mattots Cl) to my attenkn in cmcbon with the examinati gi¥iThJ m8 eause lo b8110.. accounting reu1$ were tr)ol kpt in SpeCt ol the CoMpY as requThJ by secb.on 386 of the 20C6 Act or Ihe accounts do not accofd those records." or the accounts tjo not CoMY wth the ac(x)unb"ng wulrents of SeclKJn 3 01 the 2CQ6 Act othèr than any requirement that the acc4unts we a twe and fair 15 not a rnatter conSer8d as part ofan independent exarnination.. or the xcounts have not been ppare(l tn accordance %wth the methods princaples of Ihe Strtement tsf Recommended Pra¢b for aco)untiThJ and reporbng by ¢haritses lapF4icabb8 to ¢hantV85 preparing Ih8ir acoiunts in a¢cor¥anrR 7*rth Ihe Financial RerKxbry Stsndard oF¢41tle in the UK •nd Rewblic oflreland IFRS 10211. I have no Concen aTrl have ccffle au055 matters in connection wth the •xaminalton to which attenbon should be drawn in this report in order to erbth a proFer uTrJer5tsndiThJ of the a¢counts to reach&J. Dad lIamS FCA FCCA Institutè of Charter8d Accountants in Er¥Jland Walès LcKke miam5 A¥sooates LLP Chartered AcL¢untants do Blackthom House St Pauls Square Birniingham Wesl Midland5 83 IRL 4 April 2023 LW TRUSTED AccouNfiNG SOLUTK)NS ICAÉW CHARTEREO ACCOVNTANTS IRLI..0124 3180 inFo@lockewillioms.com www.lockewilligms.com
The Pump {East Blmiingham) Limited Statement of Financlal Activities {Incorporatlng an Income and Expenditure Account) for the Year Ended 30 September 2022 30.9.22 Totsl funds 30.9.21 Total funds Unrestrict•J Restricted fund5 funds INCOME AND ENDOWMENTS FRO Oonalions and legaoes 102.643 265.625 368.268 475,459 Other trading activities Investment inc¢Jffle Other income 46.422 46,422 40 3.880 48.760 16 289 Total 152.985 265.625 418.610 524,524 EXPENDITURE ON Charitable octlvities The Pump 145.204 255.281 400A85 397.678 NET INCOME 7.781 10.344 18.125 126.848 RECONCILIATION OF FUNDS Total funds brought foward 297.616 78.899 376.516 249.687 TOTAL FUNDS CARRIED FORWARD 305.397 89.243 394.640 376.515 Page 6
The Pump (East Birnilnghaml Limlled {Registered number. 07077838) Balance Sheet 30 September 2022 30.9.22 Total fvnds 30.9.21 Total funds Unrestrided Restrtted funds funds Notes CURRENT ASSETS Oeblors Cash at bank 602 352.027 602 441.270 89,243 473.062 352.629 441,872 473.062 CREDITORS Amounts falling due wrthin one year 147,232) {47.232) (96.547) NET CURRENT ASSETS 305.397 89.243 394.640 376.515 TOTAL ASSETS LESS CVRREpir UABILITIES 305.397 89,243 394.640 376.515 NET ASSETS 305.397 89.243 394.640 376,515 FUNDS Unrestricted funds.. General lund Capital projects 251,692 53.705 230,698 66,918 305.397 297.616 Reslrided funds 89.243 78.899 TOTAL FUNDS 394.640 376.515 The charitable ¢offiany is entiUe(I to exewion frryn audit under Sti 477 of Ihe Compans Act 2006 for the year ended 30 September 2022. The members have not required the c(ynpany to obtsin an aLKIit of rts financial 5taknents for the year ended 30 September 2022 in aordanCe with Section 476 of the c¢)mpan$ Act 2CNX. The trustees acknowledge their responslkn.1rt for lal ensuring that the charitable company keeps accounting rewrds that compty with Sections 386 387 of the Companies Act 2006 and {bl preparing financial statements whth gw a true and fair of the state of affairs of Ihe clk7rrtable company as * the end of &ich financLg1 year and of rts surplus or deficrt for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the fequiremenls of the CpanIeS Act 20 relating to finarKil statements. so far as appIlble to the ch*iti2ble eorryny. The notes fomi part ofthese financial $ements Page 7
The Pump (East Bimiinghaml Limited {Registsred number. 070778381 Balaftce She¢t- Mrtlnued 30 Septemb¢r 2022 These financial statement5 have been prepared in attordance with the provisions applicable to charitable companies subject to the small companies regime. The financial 5talemenls were approved by Bo&d of Trustees and aUthord for issue on 30 March 2023 and We signed on ils behalf by.. L EdwBrdy- Twsi89 The notss frym part ofthese ffinanCl sL*ments Page 8
The Pump (East 81rniingham) Limited Notes to th? Financial Statements for the Year Ended 30 September 2022 ACCOUNTING POUCIES Bas of prep4rln9 the finan¢lal statements The financial statements of the charitable company. whth 15 a public benefft enlity under FRS 102, have begn prepared in accordance wrth the Charrts SORP IFRS 1021 Accounting and Reporting by Chants.. SLitement of Recomffnded Pradice applicabbe to charities preparing their accounts in 8ccordan¢e wrth the Finala1 Reporb'ng Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019}', Finanaal Reportr'ro Stsndard 102 The Financial Reports"ng Stsndard applicable in the UK and Republic ol Irdand, and the Companies Act 20L. The finèn¢ial statements have been ppad under the histor¢cal cost convention. Income All income is reccgnised in the Staterwit of Finanaal Aclivities once the charty has entitlement to the funds. rt is probable that the income will be receNed and the amount can be measured relk4bty. Income from government and other grants. Whetr.CapItal, grants or'revenue, grants. is recognised when the charty has enlillement to the funds. any perfomiance Condit5 attached lo the grants have been met. it IS Pfobable that the income will be re¢eTrd and the arUnt can be rneasured reliably and is not defeffed. Income from trading actIVrt include5 income eamed frcAn fundraising events and trading actwitses lo raise funds for the charty. Income is e[ved in ex¢hange for supplying gc>Js and seNces in order to raise fvnds aNI is renised •then 9nts.uent has cwjrred. Donated servtts aryl facilities are (egniSed as inrne when the charty has control over the f¢em, any conditnS assocted with the donated item have been met. the rece1 of econ¢yni¢ benefit from the use by the charity of the rtem is Probab and that econom benetrt can be measured reliabty. In accordance wrth the Chaiitres SORP {FRS102). general volunteer trme is ncé recognised. On receipt. donated professional servw and donated lI1eS are recogni5ed on the basis of the value of the gift to the tharty which is the 8munl the charty would have been willing to pay to obtain services or facilities of equivalent econcrfnic benefft on the open markel; a corresponding amwnt is Ihen reco9nised in expenditure tn the perioj af recept Interest on funds held on deposit is induded vthen receivable and the amount can be measured reliably by the charty.. this is normalty upon notifThb"on of Ihe interest pabj or payable by the Bank. Expenditure Liabilities aTe reeogni5ed a5 expenditu as SO as there is a a5 or constNCtNe obligation mmitiing the tharity to that expenditure. it is probable that a transfer of economK benefrts will be required in Setttemenl and the amount of the oblvJation can be measured reliabty. Expenditure is accounted for on an accruals basi5 and has been classtfied under headings that aggregate all cost laled lo the category. Where costs cannot be directty attributed to partKular he•dings they have been allcraled ta actiwties on a ba5 consi51ent wilh the sjse of resouw. IrrKoveTable VAT is charged as a cost against the athty whicl) the expenditure vras incurred. TaOn The charity is an ex charty within the meanin9 of Schedu 3 of the Charilies Act 2011 and i8 eonsidered lo pass the tests set out in Pafagraph 1 S¢hedule 6 Finance Act 2010 and therefore it meets the ¢jefinitn of a charitsNe company for UK COrporn tax purposes. Fund ac¢ourrting Unfeslricled lunds can be us&J n aCC))rda w*h th8 chaTilabk obiectY¥es at the discretion of the Iruslees. Rtricted funds can onty be used for particular titled purposes Tmthin the cleS of the charity. Reslriclions arise when specrfsed by the donor or vthen funds are raised for particular restricted purp)ses. Page 9
The Pump IEast Blrniinghaml Unwted Notes to the Financ5al Statements - continued for the Year Ended 30 Soptembor 2022 ACCOUNTING POUCIES- ltinod Fund accountlng Further explanation ol the nature and purpose CO each fuThJ i% induded in the notes lo the financial slalements. Trade and other debtors ole recognised al the settknnt amcwnt due after any trade discount offered. Prepayments are valued at the arrh)unt prepaHI after tsking account of any trade diswunls due. Cash at bank and in hand Cash at bank and cash in hand includes cash short term higfv ITquwJ investmenls wrth a short malunty of three months or less from the date of acquis"t)n or opening of the deposit or stmilar acJnI. Creditors and provisions Creditors and provisions are retognised where the charty has a pSent oblpion resutting from past event that will probabty resuti in the transfer of funds to a third paty arKI the amount tjue to settle the obligalKJn can be measured or estimated reliabty. Creditors and provisions are nomally recognised al their settlement amount after allowing for any trade discounts due. Pen$lon costs and other post4ellrgmènt beneffts The charitable mpanY operates a defined contribLrtw penSn scheme. Contribuliorts payable lo the charitable company's pension scheme are tharged to th8 Statement of Financial A¢tivilies in the period to which they relate. OTHER TRADING ACTivmES 30.9.f2 Totsl funds 30.9.21 Total funds funds funds Rents Room hire Play scheme Cale rents and seNice charges Other inccme 38.893 4.618 374 38.893 4.618 374 44.790 923 439 1.108 2.517 2.517 46.422 46,422 48,760 INVESTMENT INCOME 30.9.22 Tolal funds 30.9.21 Totsl funds Unrestricted Restricted {$ funds Deposrt account interest 16 Page 10
The Pump (East Bim)Ingham) Umited Notes to the Financial Statements - contlnued for the Year End¢d 30 Septsmber 2022 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or olher benefits for the year ended 30 Septanber 2022 Mr for the year ended 30 September 2021. Tru$t••s' expenses There were no trustees. eypenses Pa for year ended 30 September 2022 nor for the year ended 30 September 2021. STAFF COSTS 30.922 30.9.21 Wage5 and salaries Social Security costs Other pension eosts 195,981 6.550 3.999 160,119 S,813 2,788 206,530 168,720 The average mnthly nwnber OflOyeeS during the yearwas as foll(.. 30.9.22 30.9.21 Stsff Intems 13 17 No emplo ¢eNed emoluments in excess of£60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMnES Unreslfjcted Restricted funds fvnds Total funds INCOME AND END0¥ENTs FROM Donations and legacies 143,921 331.538 475.459 Other trading activilies Investment income Other mcome 48.760 16 289 48.760 16 289 Total 192.986 331.538 524.524 EXPENDITURE ON Charilable actlvitigs The Pump 99,791 297.885 397.676 NET INCOME 93,195 33,653 126.848 RECONCIUATION OF FUNDS Total funds broLoht forward 204.421 45.246 249.667 TOTAL FUNDS CARRIED FORWARD 297.616 78.899 376,515 P4e11
The Pump IEast Birniingham) Lwnit•d t4otes to the Financial Statements- contlnu•d for the Year Endod 30 Seplember 2022 DEBTORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 30.9.22 30.9.21 Trade debtors 602 CREDITORS: AMOUPW3 FALUNG DUE WITHIN ONE YEAR 30.9.22 30.9.21 Tre creditors Social security and other laxes Other credrtors Accruals and deferred income 7,174 4.416 7.327 3,550 620 85.050 47.232 96,547 Deferred income inctudes pfoiect reser whth we lo indivKlual prc4ects whh will be delNered over an reed peri1 of l¥re'. 30.9.22 30.9.21 Delerred income br¢KNJht fornard Income now released lo SOFA Income received in the year and dgferred Deferred income carried forward 16,436 116,4361 so.000 50,000 (so.000) The total deferred inconE i8 made up ofthe fdhxin9 projects.. 30.9.20 30.9.22 SONYIATV yOh JustKe project- year 2 of2 50.000 Page 12
The Pump (East Birniingham) Limited Notes to the Flnancial Statements- contlnued for thè Year Ended 30 September 2022 MOVEMENT IN FUNDS Net rnovement in funds At 1.10.21 At 30.9.22 Unrestrl¢ted lunds General fund Capital projects 230.698 66.918 251.692 53,705 113.213) 297.616 7.781 305.397 Restricted funds Arconic global inlemship prTr3ramff BBC Chikjren In Need Small Grant Levi's- MUS sludro project Youth MUS Incubator Proied SONYIATV- Youlh Ju5b"ce FurKJ BHAF Summer programme Musie Fusion (Mavericks4 Abum) Arconic- CreatNe Cty of 1000 Trades 5,394 3.316 7,625 15.597 15,395) 12.8641 17.625) 115,5971 4.324 452 50.791 500 (500) 38,Q)O 38.000 10.344 TOTAL FUNDS 376,515 18.125 394.640 Net movement in funds, irKILwJed in the above are as folkys.. Incoming Resources Movement resources expended in funds Unrestricted lunds General fund Capital projects 152.985 1131.991) 113.213} 113.213) 152.985 1145.2041 7,781 Restricted funds Aiconic global inlemship prcgramn BBC Children In Need Small Grant Levi's- music studio project Youth Music Incubator Project SONYIATV- Youlh Justice Fund SiB- Entefprise Developrnent Programme BHAF Summer pT¢yJrm8 Music Fusion {Mavericks4 Album) Lets Cate Jubilee BBC childft In Need Large Grant B BHam 2022 Commnwearth Ar¢on- Creative Cty of 1000 Trades Employability UK- KKkstwt 18.929 124.324} 17.8641 {7,62SI {18.S971 145.6761 1S.3951 {2,864) 17.625) 115,59n 4.324 21.770 24,016 121.rnll 124,01SI {5001 {8.250) (43.172) (16.1021 3.1831 134.2031 1500) 8.250 43,172 16.102 41.183 34203 265.625 1255.281) 10,344 TOTAL FUNDS 418.610 1400.4851 18.125 Page 13
The Pump {Easl Birnngham) Limjted Ilotes to the Financial Statements- ¢ontlnued for the Year Ended 30 S•ptemb•r 2022 MOVEMENT IN FUNDS - ¢ontinu¢d Cr)mparative5 for movement In funds Transfers beeen funds Al 1.10.20 movement in funds Al 30.9.21 Unrestflcted lund5 General fund Capital prqects 157,528 46.893 123.170 129.975) (50,0001 230.698 66.918 204.421 93.195 297,616 Restrf¢ted funds Arn1¢ global intemship pr(glme Targeted income grants BBC Chihjren In Need Small Grant Levi's- music studKt projecl Youth Music Incubator ProJ&t Youth Music- Incubalof SONYIATV- Youth Justice Fund BBC Chiklren In Need Small Grant B Music Fusion (Mavericks4 Abwn) Arconic PHS 4 20.279 3.OLX) 9.972 {20,2791 {3.0001 {9,972} 7.625 {11.9951 15,597 46,467 3,316 500 5,394 7,625 11.995 15,597 46,467 3,316 soo 5,394 45.246 33,653 78,899 TOTAL FUNDS 249.667 126.848 376,515 Page 14
The Pump {East Bimiingham) Limlled Notes lo the Financial Ststsments- continued lor the Year Ended 30 September 2022 AIOVEMENT IN FUNDS- contlnued Comparative net mvemenl in furwts, irKluded in the 7knove ae as follNs'. Incorning resources Resources expended Movement in funds Unrestricted funds General lund Capital projects 192,986 {69,8161 (29.975 123,170 129.9751 192,986 (99.791) 93.195 Restricted funds Arn1¢ global mtemship pr(gramme Targeted incorne grants 88C Children In Need Small Grnnt Levi's- music studio proiecl Youth Music In¢ubalor Project HMRC - Coronavirus Job Retention Scheme Youth Music- In¢Lthtor SONYIATV- Youth Juste Fund SIB - Enterprise Develcpment Programme CAF Re$ilence Fund BHAF Summer programme BBC Children In Need Small Giant B Awards 4 All Summer Prcgramme Music Fusion (Mavericks4 Album) Arcoft PHS 4 (20,279) (3,0001 (51,402) (38,129) (24.727) (20,279) {3,0¢)O} (9.972) 7,625 {11,99S) 41.430 45.7S4 12.732 2.708 27.000 12.708) 111,403} 13.5331 15,597 46,467 8,230 68.232 25.988 10,000 10.000 2.4 26, {8.2301 {68.2321 {25.9881 {6,684> (10,0001 (1,9961 {21.5741 3.316 soo 5,394 331.538 (297.8851 33,6S3 TOTAL FUNDS 524.524 (397,6761 126.848 Det•ils of restricted funds: Levi's music studio proie¢t to maroge and oversee music stimjios per annmi, induding line management of stud Manager. publtc Irabilty, risk a5sessrnent. liaising witt> schools and wnmunity groups Y¢)uth Music- 1rUba10r .' to give ueative & musicakniinded Y{n9 peop (aged 18-251 an opportunity lo fom) a production team., lo stream live {and pre-recorded) events. workshops & seffAnars, and to devekp & slwa5e their creatNe & musKal taerrts. SONYIATV - Youth JuSte Fund .' to tske an inlegratNe STEAM approach to yOLth work wrth creative hands-on approach lo designiry, making, r&cycling. business planning & trading. 88C Children In Need Small Grant B .. to delNer playschemes for disa¢YvantW children- via 1 week in Sprin9, 2 weeks in Summer & 1 week in Autumn. Mus¢c Fus¢on {MaVerS4 Album) .' Arconic PHS 4 .' to delNer an &12 week V•DrkfcKce emptoyability programme for 25 unenybyed youth (aged 18-24}. Funds indude $1k lo 1 young petson from the prryjramrre, based w their dedicatKJn lo a¢he their goals. Page 15
The Pump (Easl Birnilngham) Umiled Noles to tho Flnancial Ststements- continued for the Year Ended 30 September 2022 MOVEMENT IN FUNDS - Mntinu Arconic - Creative Cty of ICW Trades . An employabilty project of ¢alIve ST&4M workshops, acuedited Iraining, volunteering ¢)pportuniti"e5 WKI work experience, to support young people towards EET outcomes. 10. RELATED PARTY DISCLOSURES There were no related party transaclions forthe year ended 30 Septerrts 2022. Page 16