##
##
##
##
|Reference and Administrative
Details|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|---|
|Trustees'
Report|||2 to 5|
|Statement ofTrustees'||Responsibilities||
|Independent
Examiner's||Report||
|Statement ofFinancial||Activities||
|Balance Sheet||||
|Notes to the Financial|Statements||10to 18|
|||||African Cultural|Exchange|Exchange|Limited|
|---|---|---|---|---|---|---|---|
|||||known as The|Link|Dance|Space|
|||||Reference and Administrative|||Details|
|Trustees||||Paul Udenze||||
|||||Jennifer Gentles||||
|||||Maretha
Wallace||||
|||||Oluwatoyin
Odunsi||||
|||||Nigel Bryce Gardner||||
|||||Vincent Ugboh||||
|Principal|Office|||54-57 Floodgate St||||
|||||Digbeth||||
|||||Birmingham||||
|||||B55SL||||
|||||The charity
is incorporated||in England &Wales.||
|Company|Registration||Number|3471844||||
|Charity Registration|||Number|1137490||||
|Independent||Examiner||Bissell &Brown Birmingham
Ltd||||
|||||Chartered
Accountants||||
|||||12Portman
Road||||
|||||Kings Heath||||
|||||Biimingham||||
|||||B13OSL||||
|Accountants||||Bissell &Brown Birmingham||Ltd||
|||||Chartered
Accountants||||
|||||12Portman
Road||||
|||||Kings Heath||||
|||||Birmingham||||
|||||B13OSL||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Losses)||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||Unr estricted|Restricted|2021|2020|
||||Note|||||
|Income and Endolvments||from:||||||
|Voluntary
income||||405,560||405,560|408,655|
|Charitable
activities||||5,702|207,500|213,202|116,560|
|Investnlellt
hlconle||||121||121|385|
|Other income||||39,944||39,944|14,485|
|Total Income||||451,327|207,500|658,827|540,085|
|Expenditure
on:||||||||
|Raising funds||||(4,047)||(4,047)|(7,305)|
|Charitable
activities||||(204,364)|(92,542)|(296,906)|(500,481)|
|Total Expenditure||||(208,411)|(92,542)|(300,953)|(507,786)|
|Net income||||242,916|114,958|357,874|32,299|
|Net movement
in funds||||242,916|114,958|357,874|32,299|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||201,348|41,000|242,348|210,049|
|Total funds carried forward||||444,264|155,958|600,222|242,348|
##
##
##
||||Balance Sheet as at|31 March 2Q21|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||Note|K||
|Fixed assets|||||||
|Tangible assets|||||4,750|6,314|
|Current
assets|||||||
|Stocks||||12|502|465|
|Debtors||||13|94,873|16,678|
|Cash at bank|and in hand|||14|517,701|234,468|
||||||613,076|251,611|
|Creditors: Amounts||falling due within|one year|15|(17,604)|(15,577)|
|Net current|assets||||595,472|236,034|
|Net assets|||||600„222|242,348|
|Funds ofthe|charity:||||||
|Restricted
income funds|||||||
|Restricted
funds|||||155,958|41,000|
|Unrestricted|income|funds|||||
|Unrestricted|funds||||444,264|201„348|
|Total funds||||16|600,222|242,348|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted||||
|---|---|---|---|---|---|---|
||||funds|Restricted|Total||
||||General|funds|funds||
|Donations|and legacies;||||||
|Donations
from||individuals|241|||241|
|Grants, including||capital grants;|||||
|Arts Council core grant|||405,319||405,319||
|Total for|2021||405,560||405,560||
|Total for|2020||407,855|800|408,655||
##
##
##
##
##
|||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|
|||||||funds|Restricted|Total|
|||||||General|funds|funds|
||Aits Council|- Covid 19support|||||58,500|58,500|
||British Council - Umumbano||||||25,000|25,000|
||Esmee Fairburn||- Covid 19support||||20,000|20,000|
||Esmee Fairburn||- Education|Officer|||40,000|40,000|
||Esmee Fairbuni||- Radicalised|Communities|||54,000|54,000|
||Culture
Central - Black Choreography||||Project||10,000|10,000|
||Earned income from performances|||||465||465|
||Education
and summer
school|||||4,925||4,925|
||Other income|||||312||312|
|Total for 2021||||||5,702|207,500|213,202|
|Total for 2020||||||59,416|57,144|116,560|
|5|Investment|income|||||||
||||||||Unrestricted||
||||||||funds|Total|
||||||||General|funds|
|Interest receivable and similar income;|||||||||
||Interest receivable||on bank deposits||||121|121|
|Total for 2021|||||||121|121|
|Total for 20ZO|||||||385|385|
|6|Other income||||||||
||||||||Unrestricted||
||||||||funds|Total|
||||||||General|funds|
|Rental income|||||||1,590|1,590|
|Theatre tax credit||due|||||38,354|38,354|
|Total for 20Z1|||||||39,944|39,944|
|Total for Z020|||||||14„485|14,485|
##
##
##
##
|||Unrestricted|||
|---|---|---|---|---|
|||funds|Restricted|Total|
|||General|funds|funds|
|Production
costs||1,687|6,697|8,384|
|Merchandising
costs||(37)||(37)|
|Tour travel &subsistence||307||307|
|Core costs allocation||(15,800)|15,800||
|Marketing &publicity||7,038||7,038|
|Artist &dance fees||15,517|4,200|19,717|
|Costumes||35||35|
|Wages &admin fees||20,410||20,410|
|Directors' salaries||92,137|3,303|95,440|
|Employers
NI||1,008||1,008|
|Education officer|||30,348|30,348|
|Benefits in kind||4,479||4,479|
|Pension costs||2,682||2,682|
|Staff costs incl training
Rent &rates||1,980
21,097||1,980
21,097|
|Insurance||3,231||3,231|
|Light & heat||2,342||2,342|
|Cleaning||364||364|
|Repairs &renewals
Covid 19costs||4,622|32,194|4,622
32,194|
|Stationery,
print &office||836||836|
|Telephone||3,237||3,237|
|Legal and professional|fees|3,273||3,273|
|Computer
costs||12,216||12,216|
|Travel &motor||1,405||1,405|
|Book-keeping/
accountancy||8,596||8,596|
|Independent
examination||1,400||1,400|
|Subscriptions||777||777|
|Bank charges
and interest||2,369||2,369|
|Depreciation||2,289||2,289|
|Other||4,867||4,867|
|Total for 20Z1||204,364|92,542|296,906|
|Total for 20ZO||435,541|64,940|500,481|
##
##
##
##
##
|2021|2020||
|---|---|---|
|No|No||
|||12|
##
##
|11 Tangible fixed assets|||||
|---|---|---|---|---|
||Land and|Furniture
and|||
||buildings|equipment|Motor vehicles|Total|
|Cost|||||
|At I April 2020|253,964|18,078|22,290|294,332|
|Additions||724||724|
|At 31March 2021|253,964|18,802|22,290|295,056|
|Depreciation|||||
|At
1 April 2020|253,964|11,763|22,290|288,017|
|Charge for the year||2,289||2,289|
|At 31March 2021|253,964|14,052|22,290|290,306|
|Net book value|||||
|At 31 March 2021||4,750||4,750|
|At 31March 2020||6,315||6,315|
##
##
##
##
##
|1Z Stock|||||
|---|---|---|---|---|
||||2021|2020|
|Finished
goods|||502|465|
|13 Debtors|||||
||||2021|2020|
|Trade debtors|||39,816|4,531|
|Prepay ments|||9,765|11,637|
|Accrued income||||500|
|Other debtors|||6,938|10|
|Corporation|tax refund|(Theatre tax credit)|38,354||
||||94,873|16,678|
|14 Cash and|cash equivalents||||
||||2021|2020|
|Cash on hand|||36|36|
|Cash at bank|||50,478|8,691|
|Short-term
deposits|||467,187|225,741|
||||517,701|234,468|
##
##
##
##
|15 Creditors:||am|ou|nts|f|alling due &vithin|one year||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
|Trade creditors|||||||||5,636|8,538|
|VAT||||||||||268|
|Other creditors|||||||||832|1,444|
|Accruals|||||||||3,224|5,327|
|Deferred income|||||||||7,912||
||||||||||17,604|15,577|
|||||||||||2021|
|Resources defied|||in the||period|||||7,912|
|16 Funds|||||||||||
||||||||Balance at 1|Incoming|Resources|Balance at 31|
||||||||April 2020|resources|expended|March 2021|
|Unrestricted|||||||||||
|General|||||||||||
|Accumulated|Funds||||||51,348|451,327|(208,411)|294,264|
|Designated|||||||||||
|Development|Fund||||||150,000|||150,000|
|Total Unrestricted|||||||201,348|451,327|(208,411)|444,264|
|Restricted|||||||||||
|Esmee Fairbum||Covid 19||||support||20,000|(20,000)||
|Esmee Fairburn||education||||officer|40,000|40,000|(30,348)|49,652|
|Esmee Fairburn||radicaiised||||communities||54,000||54,000|
|Cultural
Spring,||formerly|||Dianna||1,000|||1,000|
|Black Choreographic||||Project||||10,000|(10,000)||
|British Council|Umumbano|||||||25,000||25,000|
|Arts Council Covid|||19support|||||58,500|(32,194)|26,306|
|Total restricted|||||||41,000|207,500|(92,542)|155,958|
|Total funds|||||||242,348|658,827|(300,953)|600,222|
##
##
||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at 1|Incoming|Resources||31March|
||||||April 2019|resources|expended|Transfers|2020|
|Unrestricted|funds|||||||||
|Generai||||||||||
|Accumulated|Funds||||162,053|482,141|(442,846)|(150,000)|51,348|
|Designated||||||||||
|Development|Fund|||||||150,000|150,000|
|Total unrestricted||funds|||162,053|482,141|(442,846)||201,348|
|Restricted||||||||||
|Esmee Fairburn||education||officer||40,000|||40,000|
|Cultural
Spring,||formerly||Dianna|10,675|425|(10,100)||1,000|
|Black Choreographic|||Project||4,402|10,000|(14,402)|||
|Studio Capital grant|||||27,782||(27,782)|||
|Erasmus|||||5,137|7,519|(12,656)|||
|Total restricted|funds||||47,996|57,944|(64,940)||41,000|
|Total funds|||||210,049|540,085|(507,786)||242,348|