DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
**Charity number: 1140390**
## **BEDAZZLE PROJECTS**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MAY 2021**
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent examiner's report**|7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 19|
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2021**
|**Trustees**|Phil Janssen, Chair|
|---|---|
||Jacquie Humphreys, Secretary|
||John Humphreys|
||Jacqui Mauroo|
||Oliver Eastwell, Treasurer|
|**Charity registered**
**number**
1140390
**Principal office**
Kinnettles
Grange Road
Duxford
Cambridgeshire
CB22 4WF
**Accountants**
Peters Elworthy & Moore
Chartered Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
**Bankers**
Barclays Bank
12a Market Street
Saffron Walden
Essex
CB10 1HR||
Page 1
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2021**
The Trustees present their annual report together with the financial statements of Bedazzle Projects for the year ended 31 May 2021. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Second Edition - October 2019 (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Policies and objectives**
Bedazzle Projects was formed to create opportunities and provide education with particular emphasis for those who are disadvantaged. Aiming to instill confidence, inspire creativity and increase communication skills through expressive arts, it encourages fitness, well-being, nutritional awareness and take-up in the arts. The Charity produces shows, workshops, events, classes and partners Bedazzle Associate companies and other enterprises.
The Trustees are aware of the Charity Commission guidance on public benefit and their operation of Bedazzle Projects reflects this in the following ways:
a) The Charity supports the education and training of future providers wishing to work in theatre by the provision of work experience placements.
b) Being mindful of its charitable status, the Charity maintains fees at as low a level as possible to cover its running costs.
c) The Trustees provide their professional skills and services as unpaid volunteers in order to retain fees at a minimum level.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Review of activities and future plans**
During the year ended 31 May 2021, some of the charity’s objectives had to be cancelled or postponed due to Covid lockdowns.
## **1. Residential Weekend**
There was no Residential Weekend workshop this year and we don’t anticipate offering this until Autumn 2023.
## **2. Bedazzle Community Centre**
Bedazzle’s theatre groups continued online via Zoom, due to poor turn-out, we have discontinued the Wisbech Group. We have offered it as a going concern to its freelance lead teacher Laura-Jayne Shippey and we wish her well.
## **3. Workshops**
Our 5-day Summer Workshops were cancelled for this year but we are holding them again in Cambridge and in Huntingdon in July/August 2021. We have created a number of online Zoom sessions throughout the year in addition to our weekly 3-hour Community Theatre sessions.
## **4. Bedazzle Education**
Continuing to attract ‘individual curriculum’ students who need specialist, bespoke education packages and who are unable to attend regular school/college environments. Our high-reputation continues to be recognised and we have secured more students to our Foundation Course and to our Bespoke Education initiative (personalised Individual Curriculum run by Bedazzle Arts Ltd.). For our new 2021-22 Academic Year we have secured 7 students on the Foundation course and 12 students on our Bespoke courses.
## **5. Bedazzle Inclusive Theatre**
Postponed due to Covid lockdowns. Plans are now being made to create a 20-minute film version of our successful ‘I’m Non-Typical, Typical’ stage production (Edinburgh ‘Fringe’ 2019). We aim to start auditioning (and thus re-establishing ‘BiT)’ in Spring 2022.
## **6. Work Experience Opportunities**
Our practical work experience will resume when groups are resumed. Our casting agency ‘Inclusive Talent’ is beginning to make itself known in the entertainment industry and several casting agencies and film production companies are approaching us for advice on dealing with performers with special needs. Bedazzle Projects is continuing to fund the initiative and Bedazzle Arts Ltd will take-over the financial arrangements by 1st June 2021.
Page 3
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021**
## **ACHIEVEMENTS AND PERFORMANCE (continued)**
## **The effect of the COVID-19 Pandemic**
## **1. Bedazzle Community Centre**
On the 17th March 2020, as we were about to begin our regular Huntingdon Community Theatre group, the venue’s Manager announced that Cambridgeshire County & City Councils, along with Hertfordshire and Essex Councils had made the decision to suspend all group activities across all its community centres in line with the Government’s guidelines in an effort to tackle the devastating spread of Coronavirus (COVID-19).
Phil Janssen, as Chair of Trustees, convened an extraordinary meeting with staff of Bedazzle Arts Ltd. (who supply staff and services to BP’s activities), to discuss the situation and find a way to retain contact with all our students.
That evening, we set about creating online sessions via Zoom, this proved to be a great success and attracted over 40 students (about half of our groups’ total). By end of May, it was clear that this lockdown was likely to continue beyond our return to ‘normal’ activities planned for the 2020-21 academic year (starting September). We also planned our 5-day workshops for the summer period on this new online platform.
## **2. Exemptions**
Our Foundation Course and One-to-One teaching courses are exempt from closure as they are specifically aimed at those with Special Educational Needs & Disabilities (SEND). However, health & safety protocols were followed with social distancing, face-masks and sanitisers. Phil Janssen issued documents to all staff outlining the procedures and guidelines to ensure all our courses that remain open could continue with as little disruption as possible. In addition, we seconded one of our senior teachers to take on the role of Safety Officer. Some courses and sessions were held online (particularly where students had to isolate due to a family member being at risk).
As at May 2021, we can report that we have been able to maintain our Bespoke Teaching courses and are currently running to schedule and meeting EHCP targets.
## **3. Financial Implication**
We’re happy to report that Bedazzle Projects, nor its main service provider Bedazzle Arts Ltd, has suffered financially as much as we had forecast (following the Government’s predictions). Bedazzle Projects’ overall revenue has continued its steady upward trend.
## **FINANCIAL REVIEW**
## **Going concern**
The Charity is looking to steadily increase and maintain its own funds. After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021**
## **Financial position**
During the 2021 financial year, the Charity made a surplus of £25,786 (2020 - £29,416).
As at 31 May 2021, the unrestricted funds were £20,084 in surplus (2020 - £2,702 deficit). The balance in restricted funds was £3,000 (2020 - £nil).
Free reserves (representing total funds less designated funds and restricted funds) held at the year-end were £20,084 surplus (2020 - £2,702 deficit).
The Trustees' objective is to maintain unrestricted reserves at a level of at least £5,000 in order to cover ongoing expenses. The current level of unrestricted reserves exceeds this level due to the pandemic delaying many of the programmes the Charity would have delivered during the 2020/21 financial year. The Trustees envisage free reserves aligning with the target when the pandemic abates.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
Bedazzle Projects is a registered charity, number 1140390, and is constituted under a Trust deed dated 2 February 2011.
## **Methods of appointment or election of Trustees**
In accordance with the Charities Commission directives, Trustees are invited to join the committee and upon acceptance are required to complete a standard Application Form and are issued with rules and regulations set out in the Commission's document CC3a. In addition, Trustees are asked to abide by Bedazzle Project's confidentiality rules as set out on the reverse of their acceptance letters. Trustees are required to attend at least two meetings annually. They may resign at any time, at which point a replacement would be discussed and invited to apply. A Chair is elected annually by vote (each Trustee has an equal vote).
## **FUTURE PLANS**
## **1. New Premises**
We are still actively looking for permanent premises, but again, this has been hampered by Covid restrictions. The search continues.
## **2. Foundation Course**
Bedazzle Project’s Foundation Course is firmly established, the year-end showcase is planned to be at the Actors Centre in London’s West End in June.
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Phil Janssen** Trustee, Chair 30 May 2022 Date:
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2021**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEDAZZLE PROJECTS ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2021.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **INDEPENDENT EXAMINER'S STATEMENT**
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 31 May 2022 Mrs J Rowe FCCA **PETERS ELWORTHY & MOORE** Chartered Accountants Cambridge
Page 7
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
|**Note**
**INCOME FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**TOTAL INCOME**
**EXPENDITURE ON:**
Raising funds
7
Charitable activities
8
**TOTAL EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
Net movement in funds
**TOTAL FUNDS CARRIED FORWARD**|**Restricted**
**funds**
**2021**
**£**
**3,000**
**-**
**-**
**-**
**3,000**
**-**
**-**
**-**
**3,000**
**-**
**3,000**
**3,000**|**Unrestricted**
**funds**
**2021**
**£**
**1,842**
**190,237**
**292**
**13**
**192,384**
**-**
**169,598**
**169,598**
**22,786**
**(2,702)**
**22,786**
**20,084**|**Total**
**funds**
**2021**
**£**
**4,842**
**190,237**
**292**
**13**
**195,384**
**-**
**169,598**
**169,598**
**25,786**
**(2,702)**
**25,786**
**23,084**|Total
funds
2020
£
45,739
149,114
30
54|
|---|---|---|---|---|
|||||194,937
295
165,226|
|||||165,521
29,416
(32,118)
29,416|
|||||(2,702)|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 19 form part of these financial statements.
Page 8
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **BALANCE SHEET AS AT 31 MAY 2021**
|**Note**
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**NET CURRENT ASSETS / LIABILITES**
**TOTAL NET ASSETS**
**CHARITY FUNDS**
Restricted funds
15
Unrestricted funds
15
**TOTAL FUNDS**|**2,055**
**21,458**
**23,513**
**(429)**|**2021**
**£**
**23,084**
**23,084**
**3,000**
**20,084**
**23,084**|-
4,627
4,627
(7,329)|2020
£
(2,702)|
|---|---|---|---|---|
|||||(2,702)
-
(2,702)|
|||||(2,702)|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
## **Phil Janssen, Chair**
## 30 May 2022 Date:
The notes on pages 10 to 19 form part of these financial statements.
Page 9
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **1. GENERAL INFORMATION**
The Charity is an unincorporated entity registered in England and governed by a Trust Deed dated 2 February 2011. Its registered office is Kinnettles, Grange Road, Duxford, Cambridgeshire, CB22 4WF.
## **2. ACCOUNTING POLICIES**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Bedazzle Projects meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
There were no significant estimates or judgements made by management in preparing these financial statements.
## **2.2 Going concern**
The Trustees have successfully restored the Charity's funds to surplus in 2020/21. The future outlook for the Charity is strong. P Janssen (Trustee) and his wife, D Janssen, intend to continue supporting the Charity financially using a combination of loans and donations. Accordingly, the Trustees believe the Charity is a going concern and therefore continue to adopt the going concern basis.
## **2.3 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **2. ACCOUNTING POLICIES (CONTINUED)**
## **2.4 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants and donations are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.6 Interest receivable**
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 institution with whom the funds are deposited.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and 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.
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **2. ACCOUNTING POLICIES (CONTINUED)**
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **3. INCOME FROM DONATIONS AND LEGACIES**
|Donations
Grants
Total 2020|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
3,000
1,842
-
-
3,000
1,842
9,964
35,775|**Total**
**funds**
**2021**
**£**
**4,842**
**-**
**4,842**
45,739|Total
funds
2020
£
26,419
19,320|
|---|---|---|---|
||||45,739|
|||||
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**2021**
**£**
Shows, events & courses
190,237
Total 2020
149,114|**Total**
**funds**
**2021**
**£**
**190,237**
149,114|Total
funds
2020
£
149,114|
|---|---|---|
||||
## **5. INCOME FROM OTHER TRADING ACTIVITIES Income from fundraising events**
|**Unrestricted**
**funds**
**2021**
**£**
Merchandise
292
Total 2020
30
**INVESTMENT INCOME**
**Unrestricted**
**funds**
**2021**
**£**
Bank interest
13
Total 2020
54|**Total**
**funds**
**2021**
**£**
**292**
30
**Total**
**funds**
**2021**
**£**
**13**
54|Total
funds
2020
£
30|
|---|---|---|
|||Total
funds
2020
£
54|
||||
## **6. INVESTMENT INCOME**
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## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **7. EXPENDITURE ON RAISING FUNDS**
**Costs of raising voluntary income**
|**Unrestricted**
**funds**
**2021**
**£**
Marketing
-
Total 2020
295|**Total**
**funds**
**2021**
**£**
**-**
295|Total
funds
2020
£
295|
|---|---|---|
||||
## **8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
## **Summary by fund type**
|Shows, events & courses
Total 2020|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
-
169,598
13,470
151,756|**Total**
**funds**
**2021**
**£**
**169,598**
165,226|Total
funds
2020
£
165,226|
|---|---|---|---|
|||||
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## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **9. ANALYSIS OF EXPENDITURE BY ACTIVITIES**
|Shows, events & courses
Total 2020|**Activities**
**undertaken**
**directly**
**2021**
**£**
139,212
159,868|**Support**
**costs**
**2021**
**£**
30,386
5,358|**Total**
**funds**
**2021**
**£**
**169,598**
165,226|Total
funds
2020
£
165,226|
|---|---|---|---|---|
||||||
In 2020, £13,470 of charitable expenditure was met by restricted funds.
## **ANALYSIS OF DIRECT COSTS**
|Venue hire, teaching and workshops
Total 2020|**Shows,**
**events &**
**courses**
**2021**
**£**
139,212
159,868|**Total**
**funds**
**2021**
**£**
**139,212**
159,868|Total
funds
2020
£
159,868|
|---|---|---|---|
|||||
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## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)**
## **ANALYSIS OF SUPPORT COSTS**
|**Shows,**
**events &**
**courses**
**2021**
**£**
Travel costs
74
Printing, postage and stationery
-
Staff training
531
Sundry
528
Exam entry fees
424
Bank charges
150
Donations paid
-
Accountancy fees
3,660
Office rental
9,482
Bedazzle Arts office service charges
10,833
Website
1,900
Utilities
2,804
30,386
Total 2020
5,358
**10.**
**INDEPENDENT EXAMINER'S REMUNERATION**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
Fees payable to the Charity's independent examiner in respect of:
Preparation of statutory financial statements|**Total**
**funds**
**2021**
**£**
**74**
**-**
**531**
**528**
**424**
**150**
**-**
**3,660**
**9,482**
**10,833**
**1,900**
**2,804**
**30,386**
5,358
**2021**
**£**
**2,100**
**1,869**|Total
funds
2020
£
(1,323)
675
755
(236)
22
325
150
4,990
-
-
-
-|
|---|---|---|
|||5,358
2020
£
2,000
1,780|
## **11. TRUSTEES' REMUNERATION AND EXPENSES**
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **11. TRUSTEES' REMUNERATION AND EXPENSES (CONTINUED)**
During the year ended 31 May 2021, expenses totalling £10,543 were reimbursed or paid directly to 1 Trustee (2020 - £3,200 to 1 Trustee). The reimbursement was for office rent, hall hire and utility costs.
## **12. DEBTORS**
|**Due within one year**
Other debtors|**2021**
**£**
**2,055**
**2,055**|2020
£
-|
|---|---|---|
||||
|||-|
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
Accruals and deferred income|**2021**
**£**
**-**
**429**
**429**|2020
£
2,599
4,730|
|---|---|---|
||||
|||7,329|
## **14. FINANCIAL INSTRUMENTS**
||**2021**|2020|
|---|---|---|
||**£**|£|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**21,458**|4,627|
Financial assets measured at fair value through income and expenditure comprise cash at bank.
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **15. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|**Unrestricted funds**
General Funds
**Restricted funds**
Foundation Course Student Showcase
**Total of funds**
**STATEMENT OF FUNDS - PRIOR YEAR**
Balance at
1 June 2019
£
**Unrestricted funds**
General Funds
(36,874)
**Restricted funds**
Foundation Course Student
Showcase
3,506
Other restricted fund
1,250
4,756
**Total of funds**
(32,118)|**Balance at 1**
**June 2020**
**£**
**(2,702)**
**-**
**(2,702)**
Income
£
184,973
9,964
-
9,964
194,937|**Income**
**£**
**192,384**
**3,000**
**195,384**
Expenditure
£
(152,051)
(13,470)
-
(13,470)
(165,521)|**Expenditure**
**£**
**(169,598)**
**-**
**(169,598)**
Transfers
in/out
£
1,250
-
(1,250)
(1,250)
-|**Balance at**
**31 May 2021**
**£**
**20,084**
**3,000**
**23,084**
Balance at
31 May 2020
£
(2,702)
-
-|
|---|---|---|---|---|
|**Unrestricted funds**
General Funds
**Restricted funds**
Foundation Course Student
Showcase
Other restricted fund
**Total of funds**|||||
|||||-
(2,702)|
During the year, a £3,000 donation was received from Uttlesford District Council in relation to the Bedazzle Foundation Course Student Showcase.
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DocuSign Envelope ID: F9E0C49C-1E16-43A6-BEA8-3DD3F925F2B3
## **BEDAZZLE PROJECTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR**
|Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
3,000
20,513
-
(429)
3,000
20,084|**Total**
**funds**
**2021**
**£**
**23,513**
**(429)**
**23,084**|
|---|---|---|
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**
|Current assets
Creditors due within one year
**Total**|Unrestricted
funds
2020
£
4,627
(7,329)
(2,702)|Total
funds
2020
£
4,627
(7,329)
(2,702)|
|---|---|---|
## **17. RELATED PARTY TRANSACTIONS**
Payments were made to Bedazzle Arts Limited totalling £15,000 for teaching services. P Janssen and D Janssen are Directors of Bedazzle Arts Limited. At the end of the year there was an amount due from Bedazzle Arts Limited of £2,055 (2020: balance due to Bedazzle Arts Limited £2,599). Transactions made with Bedazzle Arts Limited are deemed to be made at market rates.
During the year, the Company procured website design services from Thomas Janssen, the son of P Janssen, amounting to £1,900.
P Janssen and D Janssen are both directors of Bedazzle Arts Limited. The company is not a subsidiary or under the control of the Charity. The two organisations are independent of each other. The Charity has four other Trustees to ensure independence is maintained.
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