REGISTERED COMPANY NUMBER: 07484712 (England and Wales)
REGISTERED CHARITY NUMBER: 1142025
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2022
for
Fox Carnival Ltd
Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN
Fox Carnival Ltd
Contents of the Financial Statements
for the Year Ended 31 December 2022
----- Start of picture text -----
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14
----- End of picture text -----
Fox Carnival Ltd
Reference and Administrative Details
for the Year Ended 31 December 2022
TRUSTEES |
F M Hawthorne |
|
C Salmon Actor |
|
A George-Samuels |
|
J Constantine |
|
C Barnett |
REGISTERED OFFICE |
St Johns House |
|
16 Church Street |
|
Bromsgrove |
|
Worcestershire |
|
B61 8DN |
REGISTERED COMPANY NUMBER |
07484712 (England and Wales) |
REGISTERED CHARITY NUMBER |
1142025 |
INDEPENDENT EXAMINER |
Clay GBP Ltd |
|
St Johns House |
|
16 Church Street |
|
Bromsgrove |
|
Worcestershire |
|
B61 8DN |
Page 1
Fox Carnival Ltd
Report of the Trustees
for the Year Ended 31 December 2022
TheBoardofTrusteesispleasedtopresentit'sreporttogetherwiththeFinancialStatementsofthecharitablecompanyfor the
year ended 31 December 2022.
OBJECTIVES AND ACTIVITIES
Thecharitablecompany'sobjectivesare the promotionand advancementofsteelbandand calypsomusic,includingperforming at
eventsofculturalsignificance;andalsostrengtheningcommunitycohesionbyholdingworkshopsandclassestoallmembers of
society.
Page 2
Fox Carnival Ltd
Report of the Trustees
for the Year Ended 31 December 2022
ACHIEVEMENT AND PERFORMANCE
Thecharity'smainworkduring2022continuedtobetheteachingandlearningofthesteelpaninstrumentviathemusical group
"UFO Steelband."
Themainfocusofourworkin2022wastoincludemorepeopleinthejoyofmusic-notjustthroughlearningtoplay an
instrument, but through uplifting community spirit to help the mental health deficit left after COVID.
Thecharitywasabletocreatea chanceformanypeopleofallagesandabilities- especiallyvulnerablepeopleandthose entirely
new to music - to be included in the arts.
2022startedwiththecharitystillgreatlyaffectedbyCOVID.AnotherCovidsupportpaymentfromtheLondonBorough of
Hammersmithand Fulhamhelped greatly.Withoutthe earned incomeof performanceswe foundourselvesat the beginningof the
year having to manage funds extremely carefully.
But by mid Februarywe could return to face to face lessonsand performance.Our first charitableprojecthappenedwhen we were
approached again by the Hong Kongers in London community.
Many had recentlyrelocatedto UK - and describedhow they felt isolated,and were sufferingtrauma having to start again in a new
country - many said they felt as they were refugees having left due to changes in democratic rights.
Despite desire to be involvedin the arts, people said they had not necessarilyfound the arts in Londoneasy to accessas more than
aspectator.Wethereforeranaseriesofcustomisedworkshopsandjoin-insessions-offeringtheHongKongersin London
communitythe chanceto 'makemusic'and - in the wordsof one youngparticipant"'makefriends.'The sessionswere attended to
full capacityand resulted in several members of the communitybecomingregular players and volunteerswith UFO - who described
being part of the charity as 'life changing.'
We workedhard in 2022 to continueto includedifferently-abledand disabledparticipants.Muchmorethan just invitingpeople to
join, we workedas a team to examine the barriers that prevent disabledpeople having access- to help bring about change.In 2022
thecharityincludedsevendisabledparticipantstakingpartinourmainsummerevents.Thereweremanypositiveoutcomes in
being able to work togetheras a diverse team to really think about barriers in the arts - especiallyin music-makingand Carnival arts
- and develop policy and practice other groups could potentially mirror.
Withourkeyevent-London'sNottingHillCarnival-havingbeencancelledin2020and2021,thepossibilityofCarnival 2022
actually taking place on the street was very exciting… but also very challenging: if the charity was to take part we would need funds.
IndeedtheeventtookplacebackonthestreetsofNottingHillduringtheAugustbankholiday,and'prep'wasoneofour main
activities.Forthisweplannedanddeliveredaneightmonthprogrammeofworkshops,performancesandevents:wecreated a
seriesofnewmusicalarrangements,taughtelementsoftheseintasterworkshopsto120newparticipants.Thenvia accessible
workshopstwiceweeklyfromMarchto September,ran a programmeof lessonswhere participantshad regularsocialand physical
activityintheirliveswhilelearninganewmusicalset.Thisalsoinvolvedlearningmanyoftheskillsinvolvedinperformingwith a
band:productionplanning,riskassessing,stagingandlighting.Theprojectculminatedin30participants-19ofwhom were
completelynewtosteelpan,13ofwhomwereover40andhadneverplayedaninstrumentnorperformedinaband,seven of
whomweredisabledordifferentlyabled-allbeingpartofafabulousshowonamovingvehicleplayingtoanaudienceof one
million at Notting Hill Carnival.
KeyeventsthroughouttheyearincludedtheQueen'sJubileeconcertsaimedatlocalcommunities,tosummerfundaysfor the
childrenofGreenford,toliftingspiritsincentralSouthall,helpingbreakdownculturalbarriersbybringingan under-represented
instrument to communities who rarely see steelpan.
DuetothesaddeathofherMajestyQueenElizabethII,"HackneyOneCarnival"forwhichUFOweretobe a keyperformer- was
cancelled.Only a short time later came a positiveand upliftingexperience- we were asked to share our UFO steelpan story focusing
on one of our blind players Michael Toussaint for BBC Songs of Praise "The good News of Gospel."
We alsobegan the processof buildinga collaborationwiththe localcommunityof HammametCarnivalin Tunisia,where- outside
ofmaintouristSeason- thehopewastogivesomeofourUK participantstheexperienceoftravelandtoperformabroad,and to
demonstrateskills in performanceand musicalityto help local Tunisiansstrengthentheir own communitycarnivalsafter COVID. We
hopetomakethetriparealityin2023,ifwearesuccessfulinwinningfundsviaaninternationalMaltese/Tunisian carnival
collaboration.
The charity also worked hard at developing social media skills, adding "reel making" to reach a wider community on Instagram.
Page 3
Fox Carnival Ltd
Report of the Trustees
for the Year Ended 31 December 2022
Onechallengeof2022wasachievingconsistencyofincomeprovidedby subs,orthemoneyplayerspayforlessons.Some people
learningsteelpanwith UFO do not pay subs if they cannotaffordto pay - they becomebeneficiariesof the charityfor reasons such
as economicpoverty,disabilitypreventingwork,etc - and they do not pay, or contributeonly a small amount.Howeverthe cost of
deliveringthe lessons- i.e. tuition,hall hire, instrument,tuning,insurance,etc - is great,so we need consistencyin order to budget
clearly.contributions.Unfortunatelyfundscanoccasionallycomeininconsistently,mostlyfromsomepeoplewhocanafford to
play - and we had to find a more positive way forward.
Viaa wellattendedfullcharitymeetingin September2022it wasclarifiedthatthehugemajorityofmembersfeelthelessons are
excellentvalueformoney-infactthemembersledachangetosetanewincreasedtermlyratetosupportthecharity.Our new
policyis to have three terms,each term being forummonths,and everyonepays the wholeterm in advance.The changedoes not
affectpeoplewhoare beneficiariesor whohavea concession- abilityto pay is nota barrier.Thischangebroughtexcellent results
and the charity since benefits from better income stability, and can as a result do better budgeting and planning.
ConsideringthatlastyearperformancesmainlytookplaceonZoom,iffeltlikeagreatachievementfor2022toreachsuch huge
numbers of live audiences,and to bring people from being members of audienceswonderingwhat the steelpan was; curioushow it
made such a beautiful sound… to actually becoming players in UFO Steelband!
Trusteesagreethatthekeyachievementofthecharityin2022wasthat-despitenoartsfundingviagrantsorsponsorship- we
were able to not just get throughthe year after COVID,but to financemuch of our workvia performance.2022 was not just about
resiliencein comingout other side - it was about sustainingand buildingthe charityto look towardsa secure and successful future,
where our work can continue to have impact.
On behalf of the Board of Trustees
FINANCIAL REVIEW
Thetrusteeshaveareasonableexpectationthatthecharitywillcontinueinexistencefortheforeseeablefutureand have,
therefore, used the going concern basis in preparing the financial statements.
Thecharityisdependentupondonationsfrommembersofthegeneralpublic,frombusinessassociates,andfrom income
generatedbyevents.Incomeduringtheyearwas£26,190(2021-£29,161)whichisaincreasecomparedtoprioryear,but is
consistent with the level of expenditure of £26,626 (2021 - £26,117) on charitable activities for the year.
Thecharityiscommittedtomaintainingapracticalbalanceofreservesconsistentwithfutureoperatingcostsandabilityto have
available funds to support short term requirements.
FUTURE PLANS
The charity adopts a cautious and sustainable expenditure policy to support activities in pursuit of it's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Fox CarnivalLtd is a charitablecompanyby guarantee.The charitynumber,companynumber,presentTrustees(beingDirectors of
theCompany)areprovidedontheLegalandAdministrativeInformationPage.TheTrusteesarealsoDirectorsforthepurpose of
company law.
Approved by order of the board of trustees on 30 September 2023 and signed on its behalf by:
C Salmon - Trustee
Page 4
Independent Examiner's Report to the Trustees of
Fox Carnival Ltd
Independent examiner's report to the trustees of Fox Carnival Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actand are
eligibleforindependentexamination,I reportin respectof my examinationof yourcharity'saccountsas carriedoutunder Section
145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbythe Charity
Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completedmy examination.I confirmthat no mattershave cometo my attentionin connectionwith 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 concernsand have come acrossno other mattersin connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
Christopher Heeley FCA
Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN
30 September 2023
Page 5
Fox Carnival Ltd
Statement of Financial Activities
for the Year Ended 31 December 2022
|
|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
Donations and legacies |
|
26,190 |
29,161 |
EXPENDITURE ON |
|
|
|
Charitable activities |
|
|
|
Charitable Activities |
|
26,626 |
26,117 |
NET INCOME/(EXPENDITURE) |
|
(436) |
3,044 |
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
4,742 |
1,698 |
TOTAL FUNDS CARRIED FORWARD |
|
4,306 |
4,742 |
CONTINUING OPERATIONS |
|
|
|
All income and expenditure has arisen from continuing activities.
There were no other recognised gains or losses other than those stated above.
The attached notes form part of these financial statements.
The notes form part of these financial statements
Page 6
Fox Carnival Ltd
Balance Sheet
31 December 2022
|
|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
FIXED ASSETS |
|
|
|
Tangible assets |
6 |
1,538 |
1,934 |
CURRENT ASSETS |
|
|
|
Cash at bank |
|
3,428 |
6,338 |
CREDITORS |
|
|
|
Amounts falling due within one year |
7 |
(660) |
(3,530) |
NET CURRENT ASSETS |
|
2,768 |
2,808 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
4,306 |
4,742 |
NET ASSETS |
|
4,306 |
4,742 |
FUNDS |
8 |
|
|
Unrestricted funds |
|
4,306 |
4,742 |
TOTAL FUNDS |
|
4,306 |
4,742 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2022.
The members have not required the companyto obtain an audit of its financialstatementsfor the year ended 31 December 2022 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financialstatementshave been preparedin accordancewith the provisionsapplicableto charitablecompaniessubjectto the
small companies regime.
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 30 September2023 and were signed
on its behalf by:
C Salmon - Trustee
The notes form part of these financial statements
Page 7
Fox Carnival Ltd
Notes to the Financial Statements
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
a) Basis of preparation
Thefinancialstatementshavebeenpreparedin accordancewiththeAccountingandReportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102- effective1 January2015)- (CharitiesSORPFRS102), the
Companies Act 2006 and the Charities Act 2011.
ThecharitablecompanymeetsthedefinitionofapublicbenefitentityunderFRS102.Assetsandliabilitiesare initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
b) Going Concern
The trustees considerthat there are no materialuncertaintiesabout the charitablecompany'sabilityto continueas a going
concern.The trusteesdo not considerthat there are any sourcesof estimationuncertaintyat the reportingdate that have
a significantrisk of causinga materialadjustmentto the carryingamountsof assetsand liabilitieswithinthe next reporting
period.
c) Accounting policies and estimates
The accountspresenta true and fair view and no changeshave been made to accountingestimatesand policiesduring the
reporting period. No material prior year errors have been identified in the reporting period.
d) Recognition of Income
Incomeisrecognisedwhenthecharityhasentitlementtothefunds,anyperformanceconditionsattachedtothe income
have been met, it is probable that the income will be received and that the amount can be measured reliably.
Incomefromgovernmentandothergrants,whether"capital"grantsor"revenue"grants,isrecognisedwhenthe charity
hasentitlementtothefunds,anyperformanceconditionsattachedtothegrantshavebeenmet,itisprobablethat the
incomewillbe receivedand the amountcan be measuredreliablyand is notdeferred.Incomereceivedin advancefor the
provision of specified service is deferred until the criteria for income recognition are met.
e) Grants and donations
Donatedprofessionalservicesanddonatedfacilitiesarerecognisedasincomewhenthecharityhascontroloverthe item
or receivedthe service,any conditionsassociatedwiththe donationhavebeen met,the receiptof economicbenefit from
the use by the charityof the itemis probableand thateconomicbenefitcan be measuredreliably.In accordancewith the
CharitiesSORP(FRS102),volunteertimeisnotrecognisedsorefertothetrustees'annualreportformore information
about their contribution.
On receipt,donatedgifts,professionalservicesand donatedfacilitiesare recognisedon the basis of the valueof the gift to
thecharitywhichistheamountthecharitywouldhavebeenwillingtopaytoobtainservicesorfacilitiesof equivalent
economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
f) Interest receivable
Intereston funds held on depositis includedwhen receivableand the amountcan be measuredreliablyby the charity; this
is normally upon notification of the interest paid or payable by the bank.
g) Fund accounting
Unrestrictedfundsareavailabletospendonactivitiesthatfurtheranyofthepurposesofcharity.Designatedfunds are
unrestrictedfundsofthecharitywhichthetrusteeshavedecidedattheirdiscretiontosetasidetousefora specific
purpose.Restrictedfundsaredonationswhichthedonorhasspecifiedaretobesolelyusedforparticularareasof the
charity's work or for specific projects being undertaken by the charity.
h) Expenditure and irrecoverable VAT
continued...
Page 8
Fox Carnival Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Expenditureis recognisedoncethereis a legalorcontractiveobligationtomakea paymenttoa thirdparty,it is probable
that settlementwill be requiredand the amountof the obligationcan be measuredreliably.Expenditureis classified under
the following activity headings:
•Costsofraisingfundscompriseoftradingcostsandthecostsincurredbythecharitablecompanyininducing third
parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
•Expenditureoncharitableactivitiesincludesthecostsofdeliveringservicestofurtherthepurposesofthecharity and
their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Allocation of support costs
Supportcostsarethosefunctionsthatassisttheworkofthecharitybutdonotdirectlyundertakecharitable activities.
Supportcostsincludeback officecosts,finance,personnel,payrolland governancecostswhichsupportthe charityand it's
activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.
j) Operating Leases
Rental charges are charged on a straight line basis over the term of the lease.
k) Tangible Fixed Assets
Itemsofequipmentarecapitalisedwherethepurchasepriceexceeds£1,000.Depreciationisprovidedatrates calculated
towritedownthecostofeachassettoitsestimatedresidualvalueoveritsexpectedusefullife.Thedepreciationrates in
use are as follows:
- Office furniture and equipment - 25% straight line
- Computer - 25% straight line
- Other fixed assets - 50% straight line
I) Debtors
Trade and other debtorsare recognisedat the settlementamountdue. Prepaymentsare valuedat the amountprepaid net
of any trade discounts due.
m) Cash at bank and in hand
Cash at bank and cash in hand includescash and short term highly liquid investmentswith a short maturityof three months
or less from the date of acquisition or opening of the deposit or similar account.
n) Creditors and provisions
Creditorsandprovisionsarerecognisedwherethecharityhasapresentobligationresultingfromapasteventthat will
probablyresultinthetransferoffundstoathirdpartyandtheamountduetosettletheobligationcanbemeasured or
estimatedreliably.Creditorsand provisionsare normallyrecognisedat their settlementamount after allowingfor any trade
discounts due.
o) Financial Instruments
Thecharityonlyhasfinancialassetsandfinancialliabilitiesofakindthatqualifyasbasicfinancialinstruments. Basic
financialinstrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymeasuredatamortisedcostusing the
effective interest method
.
continued...
Page 9
Fox Carnival Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. SUPPORT COSTS
2. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Management |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Charitable Activities |
4,945 |
720 |
5,665 |
|
Support costs, included in the above, are as follows: |
|
|
|
|
Management |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
Charitable |
Total |
|
|
|
Activities |
activities |
|
|
|
£ |
£ |
|
Insurance |
|
288 |
1,298 |
|
Rent |
|
4,260 |
6,700 |
|
Depreciation of tangible and heritage assets |
|
397 |
50 |
|
|
|
4,945 |
8,048 |
|
Governance costs |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
Charitable |
Total |
|
|
|
Activities |
activities |
|
|
|
£ |
£ |
|
Accountancy fees |
|
720 |
600 |
3. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Depreciation - owned assets |
|
396 |
50 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022norfortheyear ended
31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
29,161 |
EXPENDITURE ON |
|
Charitable activities |
|
Charitable Activities |
26,117 |
NET INCOME |
3,044 |
continued...
Page 10
Fox Carnival Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
|
|
|
|
Unrestricted |
|
|
|
|
|
fund |
|
|
|
|
|
£ |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
|
|
|
1,698 |
|
TOTAL FUNDS CARRIED FORWARD |
|
|
|
4,742 |
6. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
|
Computer |
|
|
|
|
|
equipment |
|
|
|
|
|
£ |
|
COST |
|
|
|
|
|
At 1 January 2022 and 31 December 2022 |
|
|
|
1,984 |
|
DEPRECIATION |
|
|
|
|
|
At 1 January 2022 |
|
|
|
50 |
|
Charge for year |
|
|
|
396 |
|
At 31 December 2022 |
|
|
|
446 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 December 2022 |
|
|
|
1,538 |
|
At 31 December 2021 |
|
|
|
1,934 |
7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
|
Accruals and deferred income |
|
|
660 |
3,530 |
8. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
|
At |
|
|
At 1/1/22 |
in funds |
|
31/12/22 |
|
|
£ |
£ |
|
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
4,742 |
(436) |
|
4,306 |
|
TOTAL FUNDS |
4,742 |
(436) |
|
4,306 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
Incoming |
Resources |
|
Movement |
|
|
resources |
expended |
|
in funds |
|
|
£ |
£ |
|
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
26,190 |
(26,626) |
|
(436) |
|
TOTAL FUNDS |
26,190 |
(26,626) |
|
(436) |
continued...
Page 11
Fox Carnival Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/21 |
in funds |
31/12/21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
1,698 |
3,044 |
4,742 |
TOTAL FUNDS |
1,698 |
3,044 |
4,742 |
Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
29,161 |
(26,117) |
3,044 |
TOTAL FUNDS |
29,161 |
(26,117) |
3,044 |
A current year 12 months and prior year 12 months combined position is as follows:
A
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
t 1/1/21
in funds
31/12/22
£
£
£
1,698
2,608
4,306
1,698
2,608
4,306 |
Net
movement
At
t 1/1/21
in funds
31/12/22
£
£
£
1,698
2,608
4,306
1,698
2,608
4,306 |
|
|
4,306 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
55,351 |
(52,743) |
2,608 |
TOTAL FUNDS |
55,351 |
(52,743) |
2,608 |
continued...
Page 12
Fox Carnival Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
10. LEGAL STATUS OF THE CHARITY
Thecharityisacompanylimitedbyguaranteeandhasnosharecapital.Eachmemberisliabletocontributeasum not
exceeding £10 in the event of the charity been wound up.
Page 13
Fox Carnival Ltd
Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
|
2022 |
2021 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
- |
500 |
Grants |
4,975 |
17,775 |
Subscriptions |
9,775 |
8,350 |
Gigs |
10,490 |
2,460 |
Other income |
950 |
76 |
|
26,190 |
29,161 |
Total incoming resources |
26,190 |
29,161 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Disability access |
3,129 |
2,873 |
Artistic fees |
4,569 |
8,849 |
Artistic materials |
2,269 |
749 |
Production, planning & design |
10,746 |
4,838 |
Marketing networking & website |
248 |
160 |
|
20,961 |
17,469 |
Support costs |
|
|
Management |
|
|
Insurance |
288 |
1,298 |
Rent |
4,260 |
6,700 |
Computer equipment |
397 |
50 |
|
4,945 |
8,048 |
Governance costs |
|
|
Accountancy fees |
720 |
600 |
Total resources expended |
26,626 |
26,117 |
Net (expenditure)/income |
(436) |
3,044 |
This page does not form part of the statutory financial statements
Page 14