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← Global Fusion Music & Arts

2024-04-05-accounts

Global Fusion Music & Arts Using Creativity to Build Confidence

Global Fusion Music & Arts

A company limited by Guarantee

Unaudited Financial Statements

For The Year Ended

5 APRIL 2024

Charity Registration Number: 1152721 Company Registration Number: 8272363

1

Global Fusion Music & Arts

TRUSTEES’ ANNUAL REPORT AND FNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

CONTENTS PAGES
Charity Information 3
Trustees’ Annual Report 4
Statement of Trustees’ responsibilities 9
Independent Examiner’s report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the accounts 13

2

Global Fusion Music & Arts

CHARITY INFORMATION FOR THE YEAR ENDED 5 APRIL 2024

TRUSTEE COMMITTEE MEMBERS

Dr Dennis Jun‐Yu Low Farida Affalouad Amardip Saini Pearl Mendes Sean Alayo Bina Arvind Brown Ebenezer Olusegun Oke Sharon Michelle Mann Edmund Claude Deppa Gaservous Katumba

COMPANY SECRETARY

Gillian Mary Swan

REGISTERED ADDRESS

GFMA Community Office 55 Gurdon Road London SE7 7RP

Community Office GFMA Community Office, Ground Floor, Valiant House, Valley Grove, London, SE7 8BD

CHARITY REFERENCE NUMBER

1152721

COMPANY REFERENCE NUMBER

0827363

ACCOUNTANTS

S K Punia Accountants LLP

3

Global Fusion Music & Arts

Olympic House 28 – 42 Clements Road Ilford IG1 1BA

4

Global Fusion Music & Arts

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024

The Trustees present their report together with the financial statements of the charity for the year ended 5[th] April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the applicable law.

Constitution and objects

GFMA has existed as a non-profit making organisation since 2001 and gained charity status on 4 July 2013. We are a private company limited by guarantee and a registered charity with the Charity Commission for England and Wales Number 1152721. In accordance with the Memorandum of Association, the charity is managed by the trustees.

The purposes of the charity are:

The vision that shapes our annual activities is the promotion and fostering of knowledge and the appreciation of the arts by the provision of facilities for the education and recreation of the public in the fields of music, drama, dance, art and poetry. The charity also has the general aim of contributing to the quality of life of the Royal Borough of Greenwich and wider public, through the provision of exciting, challenging and accessible community music, art and drama events and workshops from a wide variety of countries and cultures. Our charity relies on grants, membership fees, donations, sponsorship, fundraising activities and the income from tickets, CDs and download sales. In setting the prices for tickets the trustees give careful consideration to accessibility of events for those on low incomes.

Strategies employed to achieve the charity’s aims are to:

GFMA has seven major areas of activity: Music Events and Theatrical Performances, Art/Photographic Exhibitions, Educational Workshops, World Film Screenings, World Music/Art festivals, Health and Wellbeing

5

Global Fusion Music & Arts

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024

Sessions and Training and Internships in Film and Sound Production and Office Administration. GFMA encourages public participation and volunteering in the community events and workshops, providing work experience and training in many aspects of theatre, arts, filming and sound production, photography, marketing and general office duties. GFMA has an online shop selling CDs and downloads, with music on the GFMA Record Label. This year, with funding provided by the local housing association Charlton Triangle Homes/Peabody (CTH), we were able to provide free weekly community workshops in Drumming, Singing, and weekly sessions of Yoga, Meditation, Tai Chi and a new Gardening Club on the Cherry Orchard Estate, as well as a wide variety of Children’s Workshops, when funding permits, at weekends, during the school holidays and in schools, when funding permits. There are also monthly online, Writers and Reading Groups and music/art events linked to cultural celebrations, including festivals at venues in the local community and beyond. GFMA applied for extra funding from various sources this year, including the Royal Brough of Greenwich (RBG) Black History 365 Grant and CTH, Access to all of the community workshops, online events and many of the other events and activities is free and we endeavour to ensure ticket prices are kept to the minimum in order to make them accessible to as many people as possible. The provision of these varied opportunities also promotes healthy lifestyle, social cohesion and general well-being, in line with the GFMA objects.

Governance

We now have eleven trustees. They have a range of skills in budgeting, school governorship, business, charitable work and accounting skills and music, arts and performance. GFMA encourages trustees to undertake training provided by agencies within Greenwich. A four-year Business Plan is being revised and updated.

The Project Manager is the mainstay of the charity and has been running the organisation since 2001 when she, the secretary – one of the trustees and two others founded Global Fusion Music & Arts.

The charity has a strong local presence particularly through its work funded by the Local Authority, Royal Borough of Greenwich (RBG) and the local housing association, CTH , Charlton and Mycenae Houses, the Earl of Chatham pub, Woolwich, Fossdene and Cherry Orchard Schools, Eltham and Plumstead and Thames mere Libraries, Charlton Champions Community Consortium, the Her Centre, Blackheath and Charlton Delivery Team, The Friends of Charlton Park, The Friends of Horn Fair Park, and The Ladywell Society, Lewisham Refugee and Migrant Network. Relationships are well-established.

Procedure for appointing Trustees

The power of appointment is held by the Trustees who put forward suggestions having taken into consideration the skills and experience necessary. After a unanimous decision an approach is made by the Chairman to ensure that any prospective candidate is eligible in terms of all legal and regulatory requirements as laid out by the Charity Commission and that the individual accepts his or her duties and responsibilities in the position of Trustee and makes a commitment to continue and enhance the implementation of the objectives of the Trust. A “Deed of Appointment of a New Trustee” is drawn up using forms available from the Charity Commission and signed by the prospective Trustee in front of a witness. The new appointment is noted in the minutes of the next Trustees meeting and updated to the Charity Commission. Once appointed Trustees are asked to familiarise themselves with the Charity Commission’s advice for new Trustees.

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Global Fusion Music & Arts

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024

Risk management

The main risk to the charity is the lack of funding and the growing costs of the overheads. To this end new funders are being sourced and contract work promoted to bring in extra funds.

Achievement, performance and plans for future periods

Music and Art Events, World Cinema Nights, Stage Performances and Festivals

Global Fusion Music & Arts (GFMA) has produced concerts, festivals and/or theatrical performances, at least three times a month at local community centres, theatres and other venues in and around RBG and the South of England. The programme is comprised from a mixture of cultures, styles and genres, to cater for a wide range of tastes and interests and fulfils the objects of our charity.

Events are advertised widely throughout the RBG, through social media, the local press – whenever possible, leafleting, posters and banners, borough and venues websites and through the GFMA website (a new website has still been in the process of being built this year) and our mail and emailing lists and a Link Tree has been set up using QR Codes.

These marketing strategies help to encourage wide and diverse audiences, to access the events and activities. The free online activities have reached a world-wide audience, as well as the local community. The Community Workshops were funded by Charlton Triangle Homes/Peabody (CTH).

Additional funding was secured from CTH extra Gardening Club sessions. Tai Chi workshops in Charlton Park were provided by GFMA. Monthly Poetry, Spoken Word and Music Nights, the Reading Group and the Writers Group continued to run online and Blues Nights ran monthly form the Earl of Chatham pub in Woolwich. In addition, a program of events was produced and ran in venues, strategically, throughout the year, around the dates of important cultural events e.g. Black History Month (BHM), Burns Night, St Patrick’s Day, International Women’s Day, Greenwich, etc. Other music events included Woolwich Lates, funded by RBG – evenings of music and dance from different cultural background and a Stephen Lawrence Commemoration event, in General Gordon Square, Woolwich. Other music/cultural events included: a Wassail Night, with Martin Carthy, a Caribbean Night, a Greek Night with exhibition of drawings and prints by the Greek artist Chrysanthi Chrysanthou, and a Black History 365 Talent Show event, all at Mycenae House. There was also a BH 365 International Women’s Day event which was held in the Fossdene Community Hall. GFMA secured funding from Lewisham Local and sponsors to produce a ‘Food, Folk and Fun Festival’ in Ladywell Fields, Lewisham and from Mycenae House to produce a Summer Sizzler Festival, with them. Additionally, GFMA secured contract work from Oxleas Trust, to provide music and Caribbean food for a Black History Month event at the hospital. Community events included A Picnic in Hornfair Park with the Friends of Hornfair Park, Easter and Winter Art/Craft and Music Workshops in preparation for the Woolwich Carnival at Cherry Orchard Primary School, workshops and the Chinese Dragon at the Woolwich Carnival with part funding provided by CTH

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Global Fusion Music & Arts

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024

Ed ucational Programmes

We have provided artists/workshop leaders from around the world to teach a wide variety of arts-based and well-being workshops. This year, in conjunction with CTH,GFMA continued to provide free community workshops online in Tai Chi from the GFMA Office and online, Singing from the Fossdene Community Hall, and online; Drumming workshops have run from the Fossdene Community Hall; and the Gardening Club took place in the community Garden in Cherry Orchard Estate, Charlton; The GFMA Writers and Reading Groups were held once a month, on Zoom. In addition, GFMA, in conjunction with CTH, produced a day of free art/craft workshops for children for Easter and a day before Christmas. GFMA also provided music, art/craft workshops in local schools. GFMA provided Art/Craft activities from diverse cultures aimed at engaging local children, during the summer holidays for CTH. In addition, as part of Charlton Community Champions Consortium, GFMA provided Art/ Craft and Wellbeing Christmas Workshops, funded by Greenwich Health. This is in accordance with our objects of educating for the public benefit. Many of these free activities have reached a world-wide audience via Zoom as well as participants in the locality, consequently.

Training and Work Experience in Film and Sound Production

Two students from TWIN undertook training and work experience in marketing and video editing with GFMA this year.

Locations in which the Charity has worked

The majority of GFMA events this year have taken in live venues this year but some have also taken place online. Venues for music events have included in Mycenae House and the Earl of Chatham pub in Woolwich, Fossdene Community Halll, and various schools throughout RBG. Outside venues, have included Charlton Park and Ladywell Fields Park and schools and museums around the RBG. Some of the free community workshops, have moved to The GFMA Office and Fossdene School Hall, along with rehearsals for plays and music events, whist Yoga and Meditation have remained online on Zoom. Outside venues for festivals included Charlton Park and Community Garden on Cherry Orchard Estate. The Community Hall is a purpose-built venue in the heart of the local community and attached to two local schools. Additional free children’s workshops have taken place in Cherry Orchard School, in Charlton. The GFMA Writers and Reading Groups have remained online. The charity is administered from Community Office, Ground Floor Valiant House, Valley Grove, SE7 8BD.

This is provided free of charge for GFMA by Charlton Triangle Homes/Peabody. Most advertising has taken place on social media online, and on the GFMA, RBG and venues’ websites, however flyers, posters and banners have been used to advertise live events at venues, in and around the venues and in public buildings around RBG. Most events provided by GFMA this year have been free or low cost and those online have been accessible to a world-wide audience as well as to the local community.

Paid Staff

GFMA have not have any paid staff this year, apart from artists, festival crew, musicians, event crew and workshop leaders.

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Global Fusion Music & Arts

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024

Role and Contribution of Volunteers

GFMA is very involved in the community and relies heavily on voluntary help. We have a membership of around ninety people. Amongst these are a large group of artists and workshop leaders, many of whom perform for free, or at reduced rates at fundraising events. Many of the members are volunteers who assist at events as stewards, stage and camera and film crew, tickets/ shop sales and some assist with administrative tasks, such as accountancy, editing, leafleting and advertising events. Volunteers come from various local volunteer organisations, including TWIN, GAVS Greenwich Action for Volunteers and Greenwich Inclusion Project as well as from the local community.

Financial review and investment policy

The principle sources of funding for GFMA activities this year have been Charlton Triangle Homes/Peabody, for the Community Workshops, RBG for Black History 365, events and RBG for contract work, including Woolwich Lates world music events and a Steven Laurence Commemoration event, Lewisham Local and money raised from stalls for the Food, Fun and Folk festival and from Mycenae House for the Summer Sizzler festival. We also produced contract work for Oxleas Trust, providing music and Caribbean food for a Black History Month event at the hospital Other sources of funding include Donations, Membership Fees and funding for individual projects, raised by appeals on Just Giving.

The funds generated have enabled GFMA to run a varied programme of events and workshops as detailed in the section on achievements and performance for the benefit of the general public and local community.

The expenditure

The expenditure for this year cover the cost of: Artists fee, workshop leaders, festival crew, venue hire, resources, marketing, volunteer costs, storage, phone,wifi, licenses, fees, admin and general overheads costs. These costs enable GFMA to provide and produce the events and services that adhere to the key objects of the charity.

Reserves policy

Global Fusion Music & Arts will hold reserves in the GFMA - HSBC Money Mangers Account. These funds will be held for emergency use only, examples below:

  1. Short falls in ticket sales at events.

  2. Funding overspend on project/s.

  3. Unpaid invoices or bad depts.

  4. Shortfalls in funding needs to cover overheads.

  5. To purchase assets that are essential for the running of the charity.

  6. Support funding for key project/s with a shortfall in funding, to ensure the survival of said project/s.

Total restricted funds at 5th April 2024 £7232 (2023: £5697) & Unrestricted funds were £13,201 (2023 : £10789)

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Global Fusion Music & Arts

STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2024

The trustees are responsible for preparing the Trustees’ Annual 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 and 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity and which enable them to ascertain both the financial position of the charity and ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report was approved on 2[nd] December 2024 and signed on behalf of the board of trustees by:

Name : Gillian Mary Swan Company Secretary/Trustee

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Global Fusion Music & Arts

INDEPENDENT EXAMINER’S REPORT TO GLOBAL FUSION MUSIC & ARTS FOR THE YEAR ENDED 5 APRIL 2024

I report on the accounts of the Charity for the year ended 5 April 2024, which are set out in pages 9-18f below.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Surinder Singh FAAT| BSc Honours | FCCA| Examiner

Olympic House 28 – 42 Clements Road Ilford IG1 1BA

Date

11

Global Fusion Music & Arts

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2024

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading Activities
4
Investments
5
Total income
Expenditure on:
Costs of other trading activities
Charitable activities
6
Total expenditure
Net income / -expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forwards
Total funds carried forward		 Unrestricte
d
Funds
£
6,232
50,486
1,155
45
57,918
28,978
26,528
55,506
2,412
2,412
10,789
13,201		 Restricte
d
Funds
£
-
6,770
-
-
6,770
-
5,235
5,235
1,535
1,535
5,697
7,232		 Total
Funds
2024
£
6,232
57,256
1,155
45
64,688
28,978
31,763
60,741
3,947
-
3,947
16,486
20,433		 Unrestricte
d
Funds
£
6,240
80,764
1,398
10
88,412
48,501
37,558
86,059
2,353
2,353
8,436
10,789		 Restricte
d
Funds
£
-
3,822
-
-
3,822
7,861
-
7,861
- 4,039
- 4,039
9,736
5,697		 Total
Funds
2023
£
6,240
84,586
1,398
10
92,234
56,362
37,558
93,920
- 1,686
-
- 1,686
18,172
16,486

All recognised gains and losses are included in the Statement of Financial Activities.

12

Global Fusion Music & Arts

BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2024

Note
Fixed Assets
Tangible assets
10
Current assets
Debtors: Amounts falling due within one
year
11
Cash at bank and in hand
Creditors: Amounts falling due within one
year
12
Net current assets
Net assets
The funds of the charity
Funds
Restricted income funds
Unrestricted income funds
Total funds
13		 2024

£
£
841
1,234
19,008
20,242
650
19,592
20,433
7,232
13,201
20,433		 2023
£
£
1,122
10,177
6,887
17,064
1,700
15,364
16,486
5,697
10,789
16,486		 2023
£
£
1,122
10,177
6,887
17,064
1,700
15,364
16,486
5,697
10,789
16,486
16,486
5,697
10,789
16,486

These accounts were approved by the board of trustees on 2[nd ] December 2024 and signed on their behalf by:-

Trustee

13

Global Fusion Music & Arts

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024

1. STATEMENT OF ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared under the historical cost convention, and in accordance with the Statements of Recommended Practice 2015 (SORP 2015), ‘Accounting and Reporting by Charities’, issued by the Charities Commission and the Charities Act 2011, together with applicable standards.

Income

Income represents income receivable from charitable activities, fundraising, donations, gifts and interest received.

Donations and legacies are reported in the Statement of Financial Activities if they are received or due in the financial year.

Any income received relating to a forward period has been deferred.

Grants receivable are included in the year in which the offer is conveyed by the charity except in those cases where the offer has conditions, such grants being recognised as income when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are not included in the financial statements.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for such expenditure, inclusive of any VAT which cannot be recovered.

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered that are subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Resources are expended in the furtherance of the charity’s objectives.

Fixed assets and Depreciation

The charity currently has no fixed assets but they would be capitalised where the purchase cost exceeds £500 and the benefit for the charity would endure for at least 2 years.

Depreciation is provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives. A full year’s depreciation is provided in the year of acquisition.

Office equipment – at 25% per annum.

Fund accounting

Funds held by the charity are either:-

Unrestricted general funds – these are funds which can be used in accordance with the charity’s objectives at the discretion of the trustees.

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Global Fusion Music & Arts

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

Designated funds – these funds represent monies set aside for specific purposes at the discretion of the trustees rather than the donors.

Restricted funds – funds received can only be used for specifically nominated expenditure by the donor and are credited to income in the year in which they are received. Where amounts are not specifically allocated against expenditure in that year the balance is deferred and added to the balance brought forward on the restricted funds and is used in subsequent years in line with the restrictions placed by the donor.

Limited by Guarantee

Global Fusion Music & Arts is a company limited by guarantee and accordingly does not have a share capital. The members of the company are the trustees listed on page 3, in the event that the company is wound up the liability of the members (or anyone who ceased to be a member within one year), is limited to £10, in respect of the guarantee.

Taxation

The organisation, being a charity, is not liable to taxation on its income.

Roundings

There might be small casting differences throughout these accounts due to figures being presented in whole pounds, whilst the ledger, from which the accounts are drawn, includes pence.

15

Global Fusion Music & Arts

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

2. INCOME FROM DONATIONS

2. INCOME FROM DONATIONS 2. INCOME FROM DONATIONS
Unrestricted
Funds
£
Donations and legacies
General Donations
6,232
6,232
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Funds
£
Charitable activities
Grants
11,506
Sponsorship
684
Other charitable Income
29,593
Fundraising events
8,703
Total charitable activities
50,486
4. OTHER TRADING ACTIVITES
Unrestricted
Funds
£
Other trading Activities
Music CD & Download Sales
109
Membership Fees
1,046
Total trading activities
1,155		 Restricted
Funds
£
-
-

Restricted
Funds
£

3,465


3,305

-
#
6,770

Restricted
Funds
£

-


-		 Total
Funds
2024
£
6,232
6,232
Total
Funds
2024
£
14,971
684
32,898
8,703		 Total
Funds
2023
£
6,240
6,240
Total
Funds
2023
£
39,868
2,900
15,644
26,174







50,486 57,256 84,586
Unrestricted
Funds
£
109
1,046


Total
Funds
2024
£
109
1,046		 Total
Funds
2023
£
122
1,276
1,398
1,155 1,155

16

Global Fusion Music & Arts

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

5. INVESTMENTS INCOME

Unrestricted
Funds
£
Investments income
Interest
45
Total investment income
45
6. EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Funds
£
Expenditure on charitable
activities by activity type
Crew, Workshop Leaders & Artists
26,528
Total expenditure on raising
funds
26,528
7. GOVERNANCE COSTS
Unrestricted
Funds
Governance costs
£
Trustee expenses
Meeting costs
Independent Examination
650
Total governance costs
650		 Restricted
Funds
£
-
-
Restricted
Funds
£
5,235
5,235
Restricted
Funds
£
-
-		 Total
Funds
2024
£
45
45
Total
Funds
2024
£
31,763
31,763
Total
Funds
2024
£
650
650		 Total
Funds
2023
£
10
10
Total
Funds
2023
£
37,558
37,558
Total
Funds
2023
£
850
850

17

Global Fusion Music & Arts

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

7. TRUSTEE REMUNERATION, TRUSTEE EXPENSES AND RELATED PARTY TRANSACTIONS

No members of the management committee received any remuneration during the period. There were reimbursements of out-of-pocket expenses during the period totalling £0 (2023, total £0 reimbursed). No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the period.

8. REMUNERATION AND BENEFITS RECEIVED BY KEY MANAGEMENT PERSONNEL

The key management personnel of the charity are the voluntary trustees. There are therefore no remuneration or benefits of the key management personnel to disclose.

9. STAFF COSTS AND EMPLOYEE BENEFITS

The charity had zero employee during the year (2023; 0).

10. Tangible Fixed Assets

Tangible Fixed Assets

COST
At 6 April 2023
Additions
Disposals
At 5 April 2024
DEPRECIATION
AT 6 April 2023
Charge for year
Disposals
At 5 April 2024
NET BOOK VALUE
At 5th April 2024
At 5th April 2023		 Equipment
£
6,849
-
6,849
- 5,727
- 281
-
- 6,008
841
1,122		 Total
£
6,849
-
-
6,849
- 5,727
- 281
-
- 6,008
841
1,122

18

Global Fusion Music & Arts

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

11. DEBTORS : amounts falling due within one year

Trade Debtors
Prepayments		 2024
2023
£
£
1,085
10,028
149
149
1,234
10,177

12. CREDITORS: amounts falling due within one year

Other creditors and accruals 2024
2023
£
£
650
1,700
650
1,700

19

Global Fusion Music & Arts

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

13. MOVEMENTS IN FUNDS

General Funds
Unrestricted income funds
Restricted Funds
Total funds
Previous year:
General Funds
Unrestricted income funds
Restricted Funds
Total funds		 At 6
April
23
£
10,789
5,697
16,486
At 6
April
22
£
8,436
9,736
18,17
2		 Incoming
Resource
s
£
57,918
6,770
64,688
Incoming
Resource
s
£
88,412
3,822
92,234		 Resources
expended At 5 April 24
£
£
- 55,506
13,201
-5,235
7,232
-60,741
20,433
Resource
s
expende
d
At 5th April
2023
£
£
-86,059
10,789
-7,861
5,697
-
93,920
16,486

14. POST BALANCE SHEET EVENTS

There have been no post-balance sheet events.

20