REGISTERED COMPANY NUMBER: 05569637 (England and Wales) REGISTERED CHARITY NUMBER: 1145203
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
TAKE 1 STUDIOS LIMITED
Lemans
29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
TAKE 1 STUDIOS LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 17 |
TAKE 1 STUDIOS LIMITED (REGISTERED NUMBER: 05569637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the report of the Trustees and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019.
OBJECTIVES AND ACTIVITIES
To promote social inclusion for the public benefit by working with people in Nottingham who are socially excluded, to relieve the needs of such people and assist them to integrate into society, in particular by the provision of education, training and support.
For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment; financial hardship; youth; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, or sexual orientation; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); crime (either as a victim of crime or as an offender rehabilitating into society).
Page 1
TAKE 1 STUDIOS LIMITED (REGISTERED NUMBER: 05569637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Achievement and performance
After receiving notice from Base 51 that we would have to vacate NGY as they could no longer afford the lease and following the announcement that Nottingham City Council had been issued with a section 114 report we have re-located back to Gregory Boulevard.
As we were able to increase our capacity whilst at the City Centre, this has meant that our re-location to Gregory Boulevard will be temporary as we have been able to secure another premises to support the number of referrals we are receiving.
We have an agreement with Castle Cavendish to take over the Forest Fields Playcentre, which include a two - storey house that can be used for office and additional classroom space, and the open plan play centre which will serve as the main classroom area.
There is also ample outdoor space with quality play equipment and areas that can be used for gardening project.
We have been fortunate enough to receive the help from a project who will be supporting us with renovating the new premises.
Being our most busy year yet, we currently have 23 on role with a total of 35 young people through our doors, not including additional referrals that were not given placements. This year has been particularly busy for us. We have seen 33 young people through our doors ending the year with 22 young people on roll and we have received referrals from 9 different schools this academic year.
This year has seen to big changes in our staff team. We welcomed a new English teacher after Christmas which provided some much needed stability to the subject.
We also said farewell to our Education Lead, however this worked out well with internal staff receiving promotions. We now have a strong team, focused on OFSTED preparations.
This year marked another successful chapter in our journey of delivering impactful programs that prioritize promoting good mental health and raising awareness. Our efforts encompassed various community projects, family support programs, and counselling services.
We continued our partnership with the Violence Reduction Unit (VRU), focusing on engaging those who are hardest to reach. Through open sessions, we provided young people with a creative and supportive space where our mentors helped them navigate the challenges faced by today's youth community.
Our dance programs have flourished, offering young participants a collaborative, and encouraging environment. These programs not only help young people set and achieve meaningful goals but also provide them with opportunities to travel to different cities, broadening their horizons and experiencing life beyond their local communities.
Financial review
The statement of financial activities indicates net income for the year ended 31st March 2024 of £66,367 and total funds of £309,500 at that date, £14,539 of which is restricted.
The Trustees are actively seeking further funding to enable the Charity to continue to provide its program of activities.
In line with Charity Commission recommendations, the Trustees have set the minimum level of reserves at an amount sufficient to cover all normal operating expenses for a six month period.
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TAKE 1 STUDIOS LIMITED (REGISTERED NUMBER: 05569637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION
Take 1 Studios Limited is a charity which is also established as a Company Limited By Guarantee and not having a Share Capital. Its Articles of Association describes its constitution; its Memorandum of Association summarises its objects as promoting social inclusion for the public benefit by working with people in Nottingham who are socially excluded, to relieve the needs of such people and assist them to integrate into society, in particular by the provision of education, training and support.
ORGANISATIONAL STRUCTURE
The overall direction and management of Take 1 Studios Limited is overseen by the Trustees who are also Directors of the Company. They are accountable and legally responsible for the work of the organisation and for ensuring that all aspects of the management and work comply with current legislation. The Trustees are supported by administrative staff, tutors and by volunteers.
POLICIES AND DOCUMENTATION
We have all appropriate policies and procedures in place and these were updated accordingly. These include Safeguarding, Health and Safety, Financial Management, IT and GDPR, Complaints etc.
RISK MANAGEMENT
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud or error.
Risks are reviewed and mitigated by:
-
An organisational commitment to standards of good management and operational practice
-
Established policies which commit to compliance with all relevant legislation and good practice
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Regular review of all policies and procedures
-
Establishing adequate financial reserves
RECRUITMENT AND APPOINTMENT OF TRUSTEES
Take 1 Studios Limited welcomes eligible people who have an interest in helping the organisation achieve its objectives by becoming a Trustee.
Due to the nature of the charity's work inevitably focusing upon young people, the Management Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body.
The Articles of Association state the eligibility of Trustees, which, in summary, state that those eligible must:
-
be over the age of 18
-
not be undischarged bankrupts
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not previously have been removed from trusteeship of a charity by a Court or the Charity Commissioners
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not be under a disqualification order under the Company Directors' Disqualification Act 1986
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not be disqualified by the Charities Act 2011 from acting as a charity trustee
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undertake to fulfil their responsibilities and duties as a trustee of Take 1 Studios Limited in good faith and in accordance
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with the law and within the objectives of Take 1 Studios Limited
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not have financial interests in conflict with those of Take 1 Studios Limited (either in person or through family or business connections) except where formally notified in a conflict of interest
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05569637 (England and Wales)
Registered Charity number
1145203
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TAKE 1 STUDIOS LIMITED (REGISTERED NUMBER: 05569637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Registered office
Take 1 Studios Gregory Boulevard Hyson Green Nottingham Nottinghamshire NG7 6BE
Trustees
R Choudhury Miss S S Graham Miss C Thomas Miss E Peck Miss A Byrne (resigned 16.11.24)
Company Secretary
Mrs M Rose
Independent Examiner
Karen Mealand FCCA Lemans 29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
PUBLIC BENEFIT
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. The objective of the charity and details of who and how the charity has helped can be found on page 1.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, 18/12/2024 on ............................................. and signed on the board's behalf by:
.......................................................................... Miss C Thomas - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAKE 1 STUDIOS LIMITED
Independent examiner's report to the trustees of Take 1 Studios Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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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
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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
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Karen Mealand FCCA
Lemans 29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
Date: 19 December 2024
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TAKE 1 STUDIOS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities 3 Education, music and dance provision 444,298 Violence Reduction Unit - Investment income 2 1,230 Total 445,528 EXPENDITURE ON Charitable activities 4 Project running costs 132,640 Other 228,715 Total 361,355 NET INCOME/(EXPENDITURE) 84,173 Transfers between funds 14 (29,793) Net movement in funds 54,380 RECONCILIATION OF FUNDS Total funds brought forward 240,582 TOTAL FUNDS CARRIED FORWARD 294,962 |
Restricted funds £ - 105,377 24,000 - 129,377 36,799 110,384 147,183 (17,806) 29,793 11,987 2,551 14,538 |
31.3.24 Total funds £ - 549,675 24,000 1,230 574,905 169,439 339,099 508,538 66,367 - 66,367 243,133 309,500 |
31.3.23 Total funds £ - 395,637 30,000 375 |
|---|---|---|---|
| 426,012 | |||
| 148,654 251,619 |
|||
| 400,273 | |||
| 25,739 - |
|||
| 25,739 217,394 |
|||
| 243,133 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 6
TAKE 1 STUDIOS LIMITED (REGISTERED NUMBER: 05569637)
BALANCE SHEET
31 MARCH 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 10 5,899 CURRENT ASSETS Debtors 11 83,712 Cash at bank 215,448 299,160 CREDITORS Amounts falling due within one year 12 (10,098) NET CURRENT ASSETS 289,062 TOTAL ASSETS LESS CURRENT LIABILITIES 294,961 NET ASSETS 294,961 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 14,539 14,539 - 14,539 14,539 14,539 |
31.3.24 Total funds £ 5,899 83,712 229,987 313,699 (10,098) 303,601 309,500 309,500 294,961 14,539 309,500 |
31.3.23 Total funds £ 2,007 50,513 202,115 252,628 (11,502) 241,126 243,133 243,133 240,582 2,551 243,133 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
18/12/2024
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes form part of these financial statements
continued...
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TAKE 1 STUDIOS LIMITED (REGISTERED NUMBER: 05569637)
BALANCE SHEET - continued
31 MARCH 2024
.............................................
C Thomas - Trustee
The notes form part of these financial statements
Page 8
TAKE 1 STUDIOS LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.24 £ 33,145 33,145 (6,503) 1,230 (5,273) 27,872 202,115 229,987 |
31.3.23 £ 26,933 |
|---|---|---|
| 26,933 | ||
| - 375 |
||
| 375 | ||
| 27,308 174,807 |
||
| 202,115 |
The notes form part of these financial statements
Page 9
TAKE 1 STUDIOS LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Net income for the reporting period (as per the Statement of Financial | ||
| Activities) | 66,367 | 25,739 |
| Adjustments for: | ||
| Depreciation charges | 2,612 | 609 |
| Interest received | (1,230) | (375) |
| (Increase)/decrease in debtors | (33,199) | 2,774 |
| Decrease in creditors | (1,405) | (1,814) |
| Net cash provided by operations | 33,145 | 26,933 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.23 | Cash flow | At 31.3.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 202,115 | 27,872 | 229,987 |
| 202,115 | 27,872 | 229,987 | |
| Total | 202,115 | 27,872 | 229,987 |
The notes form part of these financial statements
Page 10
TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Take 1 Studios is a private company limited by guarantee and is a charity in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information in the Trustees report. The nature of the charity's operations and principal activities are stated in the Trustees report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Fixtures and fittings - 20% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors and creditors
Debtors and Creditors receivable and payable within one year are recorded at transaction price.
continued...
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TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Debtors and creditors Cash at Bank
The charity holds sufficient funds in order to meet its short term cash commitments as they fall due.
2. INVESTMENT INCOME
| Deposit account interest 3. INCOME FROM CHARITABLE ACTIVITIES Activity Education, music and dance Education, music and dance provision Violence Reduction Unit Violence Reduction Unit 4. CHARITABLE ACTIVITIES COSTS Project running costs 5. SUPPORT COSTS Project running costs 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Independent Examiner's fees |
31.3.24 31.3.23 £ £ 1,230 375 31.3.24 31.3.23 £ £ 549,675 395,637 24,000 30,000 573,675 425,637 Support costs (see note 5) £ 169,439 Governance Other costs Totals £ £ £ 163,910 5,529 169,439 31.3.24 31.3.23 £ £ 2,611 610 4,260 3,110 |
31.3.23 £ 375 31.3.23 £ 395,637 30,000 |
|---|---|---|
| 425,637 | ||
| Totals £ 169,439 |
||
| 31.3.23 £ 610 3,110 |
continued...
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TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
8. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
31.3.24 £ 311,408 22,077 5,614 339,099 |
31.3.23 £ 227,710 19,172 4,737 |
| 251,619 |
The average monthly number of employees during the year was as follows:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| Administration | 12 | 12 |
No employees received emoluments in excess of £60,000.
9. PENSION COMMITMENTS
The Charity operates a defined contribution scheme. The assets are managed independently of the Charity and contributions are charged to the Statement of Financial Activities in the period they are made. The charge for the year was £5,614 (2023 - £4,737). The costs have been allocated between the funds in proportion to the time spent by the employees on the various projects.
continued...
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TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 10. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 April 2023 113,690 Additions - At 31 March 2024 113,690 DEPRECIATION At 1 April 2023 112,402 Charge for year 322 At 31 March 2024 112,724 NET BOOK VALUE At 31 March 2024 966 At 31 March 2023 1,288 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accrued expenses |
Fixtures and fittings £ 11,490 - 11,490 10,771 143 10,914 576 719 |
Computer equipment £ - 6,503 6,503 - 2,146 2,146 4,357 - 31.3.24 £ 79,598 4,114 83,712 31.3.24 £ 3,044 - 1,239 5,815 10,098 |
Totals £ 125,180 6,503 |
Totals £ 125,180 6,503 |
|---|---|---|---|---|
| 131,683 | ||||
| 123,173 2,611 |
||||
| 125,784 | ||||
| 5,899 | ||||
| 2,007 | ||||
| 31.3.23 £ 47,787 2,726 50,513 31.3.23 £ 4,595 383 - 6,524 11,502 |
||||
| 11,502 |
continued...
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TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Within one year | 8,000 | 8,000 |
| Between one and five years | 26,000 | 34,000 |
| 34,000 | 42,000 |
14. MOVEMENT IN FUNDS
| At 1.4.23 £ Unrestricted funds General fund 240,582 Restricted funds Reaching Communities - Violence Reduction Unit 2,551 Community Vaccine Champions Fund - Castle Cavendish - Million Hours - 2,551 TOTAL FUNDS 243,133 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Reaching Communities Violence Reduction Unit Community Vaccine Champions Fund Castle Cavendish Million Hours TOTAL FUNDS |
Net movement in funds £ 84,172 13,597 (21,765) 942 (4,670) (5,909) (17,805) 66,367 Incoming resources £ 445,528 86,558 24,000 4,340 4,540 9,939 129,377 574,905 |
Transfers between At funds 31.3.24 £ £ (29,793) 294,961 - 13,597 19,214 - - 942 4,670 - 5,909 - 29,793 14,539 - 309,500 Resources Movement expended in funds £ £ (361,356) 84,172 (72,961) 13,597 (45,765) (21,765) (3,398) 942 (9,210) (4,670) (15,848) (5,909) (147,182) (17,805) (508,538) 66,367 |
At 31.3.24 £ 294,961 13,597 - 942 - - |
|---|---|---|---|
| 14,539 | |||
| 309,500 | |||
| (17,805) | |||
| 66,367 |
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continued...
TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Reaching Communities Violence Reduction Unit Business Grant Community Vaccine Champions Fund Castle Cavendish TOTAL FUNDS |
At 1.4.22 £ 194,880 22,514 - - - - 22,514 217,394 |
Net movement in funds £ 67,015 (35,673) 2,551 (6,815) (200) (1,139) (41,276) 25,739 |
Transfers between funds £ (21,313) 13,159 - 6,815 200 1,139 21,313 - |
At 31.3.23 £ 240,582 - 2,551 - - - |
|---|---|---|---|---|
| 2,551 | ||||
| 243,133 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Reaching Communities Violence Reduction Unit Business Grant Community Vaccine Champions Fund Castle Cavendish TOTAL FUNDS |
Incoming resources £ 342,412 41,000 30,000 - - 12,600 83,600 426,012 |
Resources Movement expended in funds £ £ (275,397) 67,015 (76,673) (35,673) (27,449) 2,551 (6,815) (6,815) (200) (200) (13,739) (1,139) (124,876) (41,276) (400,273) 25,739 |
Resources Movement expended in funds £ £ (275,397) 67,015 (76,673) (35,673) (27,449) 2,551 (6,815) (6,815) (200) (200) (13,739) (1,139) (124,876) (41,276) (400,273) 25,739 |
|---|---|---|---|
| (41,276) | |||
| 25,739 |
The National Lottery Community Fund has provided funding to help provide activities for families to enjoy spending time together breaking down the barriers between the young and the old, helping parents understand and take part in their child’s after school interest.
Reaching Communities has provided funding to support us in providing mentoring services and workshops to disadvantaged young people and those affected by gang and violent crime. We have partnered with Breaking Barriers Building Bridges on this project who have supported us with their bespoke outreach and mentoring services.
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continued...
TAKE 1 STUDIOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
14. MOVEMENT IN FUNDS - continued
Lottery Community Fund (covid) has provided funding to support the costs of having to hire a company to deep clean the building and to take over cleaning duties 3 times a week. To support core staff costs of those who could not be furloughed and provide the necessary resources for us to develop and provide a support program for our vulnerable service users during the pandemic.
DEFRA has provided funding to support families and individuals within their communities who are most in need and struggling to afford food and other essentials due to Covid 19.
Violence Reduction Unit has provided funds for a bespoke mentoring project aimed at vulnerable young people and adults, aged 15-30 at risk of or already involved in criminal activities and anti-social behaviour. Focusing on providing positive male and female role models and realistic positive pathways for the young people to follow.
Castle Cavendish provided funds for a Holiday Activity Fund Programme.
Community Vaccine Champions Fund - A 6-week health and wellbeing programme with local primary schools, focusing on Black, Asian, and Ethnic Minority families in Hyson Green and Radford. The project supported Covid recovery by promoting health awareness and recruiting community champions from each school to act as ambassadors, ensuring lasting impact.
Million Hours - A year-long project engaged young people aged 12-24, offering evening and holiday sessions focused on self-expression through music, podcasting, and creative arts. Participants explored relevant topics while developing skills in recording, editing, and promotion, guided by experienced mentors. The project fostered personal growth and positive peer interaction, resulting in professionally produced content promoted through social media and school partnerships
15. RELATED PARTY DISCLOSURES
R.Choudhury was paid £100 For his Massage services at our Health is wealth event.
H.Touray has been a dance teacher since September 2022 and is the Daughter Of Miss E.Peck.
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