Apple Pie Enterprises Limited (A Company Limited by Guarantee) Company No: 5020144 Charity No." 1147901 Report and Finaneial Statements of Activities For the year ended 31 March 2024
Apple Pie Enterprises Limited Company No: 5020144 Clwity No." 1147901 Report and Financial Statements of Activities for the year ended 31 March 2024 Contents Page No TTUStees' Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes 9-12
Apple Pie Enterprises (TIAApe Media) Trustees, Report For the year ended 31 March 2024 A le Pie Enter rises T. A..A emedia Trustees, Re ort For the ear ended 31 March 2024 The Trustees, who are also Directors of the charity for the purposes of the Companies A¢l present their annual report and the financial statements for the year ended 31 March 2024. The finan¢ial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in a¢cordan¢e with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102- effective l January 2019), (Charities SORP- FRS 102) and the Companies Act 2006. Ob ectives andAclivities or the Public Bene To enable young people from disadvantaged communities to develop their skills in media and the arts To develop personal skills and attitudes thal will h¢lp young people in any profession they choose. To empower young people to take control of their lives and become matu. independent and responsible members of society. To help young people develop self-esteem and the ability to make go(Kl dlS1onS that will shape their lives. To promote equality and diversity within the creative Tndu5tries by working with local communilies and developing the talent we find there. To enable disadvantaged communities to find a voice across diverse media platfonn Objectives (rhe activities we do) To provide high quality inforniation, advTce, training and volunteering opportunities within the media, entertainment and creative industries. To provide educational and personal development opwrtunities within media and creative industries, that inspire the participants, develop their skills and raise their aspirations. To support and nurture new youth-led enterprises within the creative industries. To work in partnership with young people and communities to produce work relevant to the groups that will provoke. challenge and inspire. To produce high quality, infonnative. programming that offers a depth of iT]sight into social, community and cultural issues and captures of the authentic voice of diverse communities. Pro rammeAchievemenls/Hi A5 we celebrate our remarkable 20th anniversary, APE MEDIA, situated in the vibrant heart of Newham, East London, takes immense pride in our longstanding dedication to empowering young people. Throughout two dynamic decades. we have continuously evolved to meet the diverse needs of young people, their families, and our communities. We remain committed to providing enriching opportunities that extend beyond the traditional school environment to truly benefit the young people we serve.
Our mission is to addres5 the foundational challenges of wverty. injustice, and disadvantage within our community-issues that are at the very heart of our work. In response to the unprecedented chall¢nges Sed by Covid-19, APE MEDIA, like many charitable organizations, adapted its strategies. We regnized the intensified social and economic obstacles facing children. young people, and their families. The pandemic, coupled with the daily pressures of rising living costs and constrained local budgets. has taken a profound toll. Recent research from Young Minds, published on September 26, underscores the direct impact of declining mental health on a child's ability to leam. APE MEDIA acknowledges the vitsl role of arts in nurturing happiness, which, in turn, unlocks young people's pofrntial. Operating within the London Borough of Newham and across London. we acknowledge the unique challenges faced by our communities, particularly among the underserved. disadvantaged, and Black and Minority Ethnic (BAME) populations. Our world has transfornied, and navigating this post-covid, economically strained reality is a defining test of our collective character. At APE MEDIA, we Te¢ogn12e that we cannot address the needs of our students and their families in isolation. Collective action is our guiding principle. Collaborating with our partners, we've defined collective action as hamessing our strengths, fostering collaboration among diverse organizations. uniting people under a shared purpose, and passionately driving change together. Our collective action will evolve as we learn from our experiences, forge stronger partnerships, fund diverse opportunities, adapt to ch2nge. and share knowledge and skills. Our Fla shi ecl This Year." Nelwork B Funded by the lottery, our flagship project this year, Network B. h&$ been a resounding success in supporting the media skills of Black and Brown young people in London. In parmership Thith Walkwithw and Maritime Radio, we've given young people the chance to create their own podcasts and gain real-life radio experiences. Wee engaged 17 young people thts year and are thrilled to announce that Ape Media, thanks to GreenDAB LiTniied. will be awarded a DAB small-scale license. This will bring Network B (from 2025) to a broader audience, providing al broadcast opportunities to Black and Brown communities and giving voice to their everyday experiences. In this ever-evolving landscape, Ape Media has been at the fOfron¢ particularly through projects like Network B. We've empowered Black and Brown children and all underserved young people by equipping them with invaluable media skills and opportunities, thanks to our dedicated trusted adults and delivery partners. Financial Review The results ofthe Company for the year are shown in the Annual Accounts set out on pages 10 to 14. The Company had total income of £56,935 and total expenditure was £56,812. There was a surplus l (deficit) of income over expendilllre of £123.
Funds and Reserves The Directors consider this level of general reserves &s insufficient and are developing strategies for fundraising. The Directors would like to reserve £10,000 for unexpected costs or fluctuations in planned income. Reserve Poli The Board of Directors has examined the Companies requirement for reserves in light of the main risks to the organisation for specific purposes or othenvise committed. The Board of Directors considers that, given the nature of the Companies worL the level of reserves should be, to have sufficient working capital to cover costs i.e. staff redundancies and closure costs at an), one time and allow the charity to cope and respond to unforeseen emergencies whilst specific action plans are implemented. In the short term the Board of Directors has also considered the extent to which existing activities and expenditure curtailed, should such circumstances arise. Risk Review The major risks (Covid-19 and reliance on historic funders) to which the charity is exposed have been reviewed and systems are being established to mitigate those risks. funding risk is being addressed thmugh building new partnerships and diversifying sources of funding. Members of the Board Members of the Board. who are Directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page l. In accordance with company law, as the company's Directors. we certify that: so far as we are aware, there is no relevant audit infonnation of which the company's auditors are unaware "and as the directors of the company. we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of that inforniation. Audit Exem tion As the Company's tumover was less than threshold. the Directors have exercised the light to full exemption from audit of the Financial Statements. erence andAdpninislralive In Trustees." ormalion The trustees who served during the year ended 31 March 2024- Mr. Richard Brooke (Chair l Director) Sam Brown (Director/ Treasurer) Ms. Angel Mills (Director / Trustees) Mr Trevor Blackman (Director l Trustees) istered O Ice." 39A The Broadway London E15 4BQ
Coryany No." 5020144 Charity No." 1147901 Bankers.. HSBC Bank PLC 59-61 The Mall Stratford Centre London. E15 IXE Independeni Eraminers.. Glory Community Accounting Services 318 Barking Road London E13 8HL onsibilities of the Boxrd of Direetors, Company Law requires the Board of Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitsble company as at the balance sheet and of its incoming resources and application of resources. including income and expenditure for the financial y. In preparing those financial statements, the Board of Directors are required to: - Select suitable accounting policies and then apply them consistently - Make judgment and estimates that are reasonable and prndent" - State whether applicable accounting standards and Statement of Recommended Practice have been followed. subject to any material departures disclosed and explained in the financial statement and: Prepare the financial statements on a going concern basis unless it is inappropriately to presume that the company will Continue to operate. The Board of Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements ¢omply with applicable law. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other itregularities Approved by the Board of Directors, and signed on behalf by: Trevor Blacknlan (Director) 10-1£-21
Independent Examiners Report to the Members of Apple Pie Knterprises Limited (APE) I report on the attached Financial Ststements for the year ended 31 March 2024, which are set on pag¢s 8 to 13 and have been prepared on an accruol basis. Respective responsibilities of Mallagement Committee and Examiner: The trustees (who are also the directors of the company for the pUr)seS of company law) are responsible for the preparation of the acwunts. The charity's trustees consider that an audit is not required for this year under 5ertion 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is tny responsibility to-. examine the accounts under section 145 of the Charities ACL to follow Ihe prixedures laid down in the general directions given by the Charity Commission under section 145{5Xb) of the Charities ACL and to stat¢ whether particular matters have come to my attention. Basis of Independent Ewniller's Ststement: My examination was carried out in accordance with genernl directions given by the Charity Commission. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. Jt also includes considerntion of any unusual items or disclosures in the accounty and seeking explanations from the trnstees concerning any such matters. The pr(thures undertaken do not provide all the evidence that would b¢ required in an audi¢ and consequently no opinion 15 given as to whether the accounts present a'true and fair view. and the rep)rt is limited to those ffiatters set out in the ststement below. Independent Examinergs StstemeDt: In connection with my examination, no matter has come to tny attention to indicate th&t: accounting records have not been kept in accordance with section 386 of the Companies Act 2006 the COllnts do not accord with such records where accounts <1 Ptcparcd on a accrual ba51s. whether they fail to comply with relevant accounting r¢quirements under section 396 of the Companies Act 2006. or are not consistent and with the Charities SORP (FRS102) any matter which the examiner b¢lieve5 should be dravm to the attention of the reader to gain a proper understanding of the accounts. Gkny CommiAIty Aeo)unting Fthvitts 318 rkillE Ro Plaiitow IAbMdoll E13 8HL Hasina Jahan (DFf, M Com. MAAT, MBA) Glory Community" Ac¢ouTbting Services 318 Barking Road Plaistow ndon E13 8HL Date: io1lLlI4
Apple Pie Enterprises Limited Statement of Financial Activities For the year ended 31 March 2024 ID¢ome Not Restricted U]]restricted Funds Funds Total 2024 Total 2023 Income from Charitable Activities 56,740 56,740 46,390 Income from other activities 195 195 200 Total Income 56,740 195 56,935 46,590 enditure Expenditure on Charitable activities 55,166 1,646 56,812 90,567 Total Expenditure 55,166 1,646 56,812 90,567 Net Income l (Expenditure) 1,574 (1.451) 123 (43.977) Fund brought forward (27,309) 26.026 (1,282) 42.695 Total Funds carried forward 25,73 24,575 82
Apple Pie Enteryrises Limited Balance Sheet as at 31 March 2024 Notes 2024 2023 ed Assets TaL8ible Assets 109 156 Current As$ets C&sh at Bank l in hand Currellt Liabillties Creditot5.' (amount falliug due within a year) 232 62 (1,500) (1.500) Net Current Aslets l (Liabilitses) (1268) (1.438 Ne¢ Assets Totsl (1,159 1.159) {1.282} 11282 Funds and Res¢rYes Restiicted Funds Unr¢stiicted Funds Totsl (25.735) 24.576 (1.1591 (27.309) 26.027 11,282 For the year ended 31 March 2024 the Companywas entitled to eXetiOn from audit under s¢¢tioll 477 of the Companies Act 2iK16 Telaiing to small companies. Director's responsiljilities: - the menib¢rs have not requiT¢d the company to s)btain an audit in accordjikce with wtlon 476 of the Companies Act 2006. - the directors ackowledg¢ their spOnSI7)i11ties for comptying with the requirements of the Act with respect EO acco[tillg records and the prepardtioj) of accounts: - these accounts have be¢JJ prep8Th1 in accordance with the provisiolls appJithl¢ to mpanies subject to the small Companies, regime. Approved by the Boanl of Trustee's and Signed on belmlf bT. Trevor Blackman (Directorl Ttusle} Dale . 1.0. lJ.L./.2L).2£*
Apple Pie Enterprises Limited Notes to the Financial Statements for the year ended 31 Mareh 2024 l. Accounting Policies (a} Basis of preparation and assessnTrent of going concern: The fLnancial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their aOuntS in accordance with the Financial Reporting SLqndards applicable in the UK and Republic of Ireland {FRS 102- effective l January 2019) - (Charities SORP - FRS 102) and the Companies Act 2006. The Charitable Compally meets the definition of a public benefit entity under FRS 102. The Financial statements have been prepared under the historical cost or traDsaction value unless otherwise stated in the relevant accounting policy or note. Company without finther specified purpose available as general funds. (b) Unrestricted Funds Unrestricted incom¢ funds comwise those funds which the trwstees are free to use for any purpose and are in fithe[all¢e of the charitable objects. (c) Restricted Funds Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor . (d) Income reeognition All income is recognised once the charity has entitlement to the income. there is sufficient certainty or receipt and so it is probable that the income will be received, and the a]nount of income receivable cau be measured reliably. (e) Expenditure recognition Expenditure are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted tor on an aCcnlS b&8is. All expenses. including support costs and governance costs. are allocated or aprtIoned to the applicable expenditure headings in the statement of financial activities. (fj Alloeation of support 2nd governante costs Supp)rt costs are those functions tbat assist the work of the cbarity but do not directly undertake clwitable actLVlties. Governance costs cofftprise all costs involving the public accountability of the charity and its compliance with regulation aJ]d good practice. (g) Charitable activities The expenditure on charitable activities includes grants made, governance costs and of support costs as shown in note.
Apple Pie Enterprises Limited Notes to the Financial Statements for the year ended 31 March 2024 (h) Pensions Employees of the charity are entitled to join a work place pension scheme which is funded by contributions from employee and employer or alternatively they may have opted to join the group money purchase defed contribution pension scheme. (i) Corporntion Taxation The charity Rs exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these applied to its charitable objects. (i) Fixed Assets . All &ssets costing more than £500 are capitajised and valued at historical cost. Depreciation is provided at the following atmual rates in ordeT to Nvrite off each assets over its estimated use1 life. Fixtures and fittings - 250/0 on redueing balance Computer- 330/0 on redu¢Rng balance 2. Income from Charitable Activities Re5tticted Unr¢strict¢d Funds Funds 2024 Total 2023 Tolal Edmonton Community BBC Children in need Big Lottery Bulgarian Centre Mayors office Total Income 33.075 9.710 9.955 4,000 33.075 9,710 9.955 4,000 24,580 20.310 1.500 46 J90 56,740 56,740 3. Income from other aclivities Restricted Unrestricted Funds Funds 2024 Total 2023 Total Donation l Other Income 195 195 200 Total Ineome 195 195 200 io
Apple Pie Enterprises Limited Notes to the Financial Statements for the year ended 31 March 2024 4. Expenditure on Charitable activities Restricted Unrestricted Funds Funds 2024 Total 2023 Total Freelance Staff costs Events / Production Tutor / Master Classes I Consultant Rent / Rate I Venue hire Telephone / Internet / Website Insurance Sn]all equipment Support & Governance Costs {5) Depreciation expenses MentOTing expenses Volunteer expenses Heat & Light Bank charges Sundry expenses Publicity Total 13.132 16,213 6,440 13,320 2.776 600 1,000 13,132 16,213 6,440 13.320 2,776 600 1,000 1,513 47 loo 500 7.039 41,470 12,700 22,319 812 625 loo 1,513 129 2.800 300 600 60 100 1.513 47 loo 500 60 25 60 25 1.084 56.812 1,084 55,166 1,646 90,567 Restricted Funds Unrestricted fund 2024 Totsl 2023 Total 5.Support & Governance Costs Legal fee & Other Accountancy Fee Total 13 1,500 1,513 13 1.500 1,513 13 1.500 1,513
Apple Pie Enteryrises Limited Notes to the Financial Statements for the year ended 31 Mareh 2024 6. Tan ible Fixed A55ets Fixtures Music & Total Total 2024 2024 2024 2023 Cost as at start of the y Additional 16.179 11.271 1.000 12,271 27,450 1,000 28.450 27,450 1,000 28,450 16,179 Depreeiation As at 31 March 2023 Charge for the Year As at 31 March 2024 Net Book Value as al 31 March 2024 16,124 14 16.138 41 12,170 34 12,204 67 28,294 47 28,341 109 28,165 129 28,294 156 7. Creditors Accrual ex enses 2024 Total 2023 Total Accountancy fees Total 1,500 1,500 1,300 iJoo 12