Company Registration Number: 08457936 Charity Registration Number: 1153232
The Black Dog Music Project
Report and Unaudited Financial Statements
For the year ended 31 March 2022
The Black Dog Music Project
Index to Report and Financial Statements For the year ended 31 March 2022
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Trustees/Directors | 2 - 3 |
| Report of the Independent Examiner | 4 - 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 - 8 |
| Notes to the Accounts | 9 - 15 |
The Black Dog Music Project
Legal and Administrative Information
Status
The Black Dog Music Project is a company limited by guarantee (Registration Number 08457936) on 22 March 2013 and governed by its memorandum and articles of association. Charitable status was granted by the Charity Commission (Registration Number 1153232) on 5 August 2013. The liability of each member in the event of a winding up is limited to £10.
Directors and trustees
The Directors of the charitable company (“the charity”) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The trustees of the charitable company are appointed by the members of the charity, on the recommendation of the current trustees, during general meeting. The trustees meet on a quarterly basis with the management to discuss operational, financial and funding issues. They also make themselves available as and when necessary to advise on day-to-day matters.
The trustees serving during the year and since the year-end are as follows:
Roger Bentley Gavin Bain Mark Ingle Colin Bain (Chair) (Died 23 January 2023)
Company Secretary
The charity is not required to appoint a Company Secretary, this role is fulfilled by the Chair of Trustees.
Principal Office
Earth Studios, Unit 9 Caston Industrial Estate Salhouse Road Norwich NR7 9AQ
Registered Office
Earth Studios, Unit 9 Caston Industrial Estate Salhouse Road Norwich NR7 9AQ
Independent Examiners
Wright Accountancy, 83 Cromwell Road, Norwich, NR7 8XJ
Bankers
The Co-Operative Bank PO Box 250, Delf House Skelmsersdale, WN8 6WT
1
The Black Dog Music Project
Report of the Trustees
For the year ended 31 March 2022
The trustees present their report and the financial statements for the year ended 31 March 2022.
Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice, Accounting and Reporting by Charities (Charities SORP (FRS 102)).
Principal Activity
The principal activity of the charity is to bring together people suffering from severe and enduring mental health problems, addictions and learning difficulties and give them a real chance of changing their lives through positive social interaction with fellow group members and promote their recovery through music.
Trustees
The trustees are named on page 1 and if they served for less than the year this is indicated.
Sadly the Chair of trustees died in January 2023. The remaining trustees have since met and new appointments will be made at the forthcoming AGM. The serving trustees wish to place on record their intention to continue to grow the Charity in memory of Colin Bain.
Objects of the charity
The objects of The Black Dog Music Project, as stated in the Memorandum and Articles of Association are:
To develop the recovery, capacity and skills of the members through the therapeutic benefits of music, in such a way that they are better able to identify, and help meet their needs and to participate more fully in society.
Investment powers
In accordance with the Memorandum and Articles of Association, the trustees have the power to invest in the name of the charity such part of the funds as they may see fit.
Related parties
The trustees do not consider there to be any related parties.
Review of the activities and future developments (including comment on COVID-19)
The trustees review, on a quarterly basis, the expenditure commitment for the following six months and agree if their current activities are sustainable for that time period ahead or if alternative action needs to be taken. This has led to the re-grouping of the studio room hire bookings on occasion. The trustees were pleased during this year to restart activities insofar as the public health restrictions in relation to Covid-19 permitted.
Volunteers
The charity would not be able to continue as it does without the help of its volunteers. The charity is grateful for the work of its volunteers and all of the time they put in to help and it is hoped that this will continue in the future.
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The Black Dog Music Project
Report of the Trustees
For the year ended 31 March 2022
Working with partners
The charity greatly values the partnerships it has with other third sector organisations and will try to develop these further in the future. Relationships with the local authorities remain positive.
Public benefit
The trustees have paid due regard to the Charity Commission’s guidance on public benefit in deciding what activities the charity should undertake in both the current and future years.
Reserves policy
The policy the charity is working towards is to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This would provide sufficient funds to cover all costs of the charity which may arise.
Trustees Responsibilities in relation to the financial statements
Company law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that year. In preparing these, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The report of the trustees has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006.
This report was approved by the Board and signed on its behalf by:
Roger Bentley
Trustee/Director Date: 30 March 2023
3
Independent Examiner’s Report
To the Trustees of The Black Dog Music Project
I report on the accounts of the company for the year ended 31 March 2022 which are set out on pages 5 to 15.
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 s145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under s145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by s386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of s396 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
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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 (FRS102).
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.
David Wright FCA Wright Accountancy Chartered Accountants 83 Cromwell Road Norwich NR7 8XJ
Date: 30 March 2023
4
The Black Dog Music Project
Statement of Financial Activities
(including Income and Expenditure Account)
For the year ended 31 March 2022
| Note Income and endowments from: Donations and legacies 2 Investment income 3 Charitable activities 4 Total incoming resources Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Transfer between funds Total funds carried forward |
Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ Total Funds 2021 £ 4,560 - 4,560 285 - - - - 7,000 - 7,000 530 |
|---|---|
| 11,560 - 11,560 815 |
|
| 8,132 - 8,132 5,040 |
|
| 8,132 - 8,132 5,040 |
|
| 3,428 - 3,428 (4,225) 8,529 880 9,409 13,634 - - - - |
|
| 11,957 880 12,837 9,409 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities
The notes on pages 8 to 15 form part of these financial statements
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The Black Dog Music Project
Registration Number 08457936
Balance Sheet
As at 31 March 2022
| Note Fixed assets Tangible assets 10 Total fixed assets Current assets Cash at bank and in hand Total current assets Liabilities Creditors: amounts falling due within one year 11 Net current (liabilities)/assets Net assets Funds of the charity Unrestricted funds 13 Restricted funds 12 Total funds 14 |
Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ Total Funds 2021 £ 260 - 260 346 |
|---|---|
| 260 - 260 346 |
|
| 12,081 880 12,961 9,651 |
|
| 12,081 880 12,961 9,651 |
|
| 384 - 384 588 |
|
| 11,697 880 12,577 8,183 |
|
| 11,957 880 12,837 9,409 |
|
| 11957 11957 8,529 880 880 880 |
|
| 11957 880 12,837 9,409 |
The directors’/trustees’ statements required by Sections 475(2) and (3) are shown on the following page which forms part of the Balance Sheet
The notes on pages 8 to 15 form part of these Financial Statements
6
The Black Dog Music Project
Registration Number 08457936
Balance Sheet
As at 31 March 2022
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’/Trustees’ responsibilities
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The members have not required the company to obtain an audit of its accounts for the year in question accordance with section 476; and
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The directors/trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved and authorised for issue by the board, and are signed on its behalf by:
Roger Bentley Director/Trustee Date: 30 March 2023
7
The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with FRS102, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, the 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 (FRS102) (Charities SORP (FRS102)) and the Charities Act 2011. The charity has applied Update Bulletin 1 as published 2 February 2016.
The financial statements have been prepared to give a ‘true and fair view’ and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 (FRS102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on an accruals basis and include income and expenditure as they are earned or incurred, rather than as each is received or paid.
1.2 Charity Status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of a liquidation.
The address of its registered office is Earth Studios, Unit 9 Caston Industrial Estate Salhouse Road Norwich NR7 9AQ
These financial statements were authorised for issue by the trustees on 30 March 2023.
The Black Dog Music Project meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
1.3 Income
Voluntary income
Cash donations, gifts and legacies are included in full in the Statement of Financial Activities as they are received.
Grants received
Revenue grants are included in the Statement of Financial Activities when receivable.
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The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
1 Accounting policies (continued)
1.4 Funds structure
The charity has restricted income funds whereby a funder requires that a grant must be spent on a particular purpose. Funds restricted for the purpose of capital expenditure are transferred to unrestricted funds when spent as the restriction has been discharged by the acquisition.
All other funds are unrestricted income funds.
1.5 Expenditure
Expenditure is recognised in the Statement of Financial Activities when a liability is incurred. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the project.
Costs of generating funds include the expenditure associated with the activities undertaken by the charity to generate funds.
Charitable activities include expenditure associated with the projects run by the charity and include both the direct costs and support costs relating to these activities.
Governance costs include expenditure incurred in the governance of the charity and its assets. These are primarily associated with constitutional and statutory requirements.
Support costs include central functions and have been allocated to the projects on a basis consistent with the use of resources.
1.6 Fixed assets
The cost of tangible fixed assets includes only the expenditure incurred in bringing the assets into working condition for their intended use.
Fixed assets with a value of below £100 are not capitalised
Impairment reviews are only carried out on groups of assets where there has been an indication of impairment.
1.7 Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Musical Equipment - 25% reducing balance
9
The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
1 Accounting policies (continued)
1.8 Operating lease agreements
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged in the Statement of Financial Activities on a straight line basis over the period of the lease.
1.9 Taxation
The company is a charity within the meaning of the Taxes Acts and it is therefore eligible to claim certain exemptions to corporation tax and capital gains tax. As a consequence no taxation arises for the year.
2 Income from donations and legacies
| Donations Grants |
Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ Total Funds 2021 £ 4,560 - 4,560 285 - - - - |
|---|---|
| 4,560 - 4,560 285 |
3 Investment Income
| Interest from bank accounts | Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ Total Funds 2021 £ - - - - |
|---|---|
| - - - - |
4 Income from charitable activities
| Music practice facilities | Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ Total Funds 2021 £ 7,000 - 7,000 530 |
|---|---|
| 7,000 - 7,000 530 |
10
The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
5 Analysis of expenditure on charitable activities
| Music practice facilities | Activities undertaken directly £ Support Costs £ Total Funds 2022 £ Total Funds 2021 £ 4,757 1,688 8,132 5,040 |
|---|---|
| 4,757 1,688 8,132 5,040 |
Support costs in the previous year amounted to £731.
6 Support costs
| Activity – basis of allocation Office costs – Funding level Other administrative costs – Funding level Depreciation – Funding level |
Charitable Activities £ 554 1,048 86 1,688 |
Total Allocated £ 554 1,048 86 |
|---|---|---|
| 1,688 |
7 Governance costs
Included within Support costs are governance costs of:
| Independent Examination fees | Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ Total Funds 2021 £ 378 - 378 372 |
|---|---|
| 378 - 378 372 |
8 Net incoming resources for the year
This is stated after charging:
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation | 86 | 115 | |
| Accountancy: | Independent | 378 | 372 |
| examination |
11
The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
9 Directors remuneration and reimbursed expenditure
The directors received no remuneration during the current or previous year.
10 Tangible fixed assets
| Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for the year Eliminated on disposals At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Musical Equipment £ 1,726 - - 1,726 1,380 86 - 1,466 260 346 |
Total £ 1,726 - - |
|---|---|---|
| 1,726 | ||
| 1,380 86 - |
||
| 1,466 | ||
| 260 | ||
| 346 |
11 Creditors: amounts falling due within one year
| Trade Creditors Accruals |
2022 £ - 384 384 |
2021 £ 204 384 |
|---|---|---|
| 588 |
12
The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
12 Restricted income funds
Current year
| urrent year | |
|---|---|
| NCF – Shelroy Trust |
Balance at 1 April 2021 £ Incoming resources £ Outgoing resources £ Transfers £ Balance at 31 March 2022 £ 880 - - - 880 |
| 880 - - - 880 |
Previous year
| NCF – Shelroy Trust |
Balance at 1 April 2020 £ Incoming resources £ Outgoing resources £ Transfers £ Balance at 31 March 2021 £ 880 - - - 880 |
|---|---|
| 880 - - - 880 |
The company receives some grants via the Norfolk Community Foundation (NCF). Norfolk Future Fund funded rehearsal room hire; The Shelroy Trust funding was in respect of purchasing recording and rehearsal room equipment.
13
The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
13 Unrestricted income funds
Current year
| General funds Previous year General funds |
Balance at 1 April 2021 £ Incoming resources £ Outgoing resources £ Transfers £ Balance at 31 March 2022 £ 8,529 11,560 8,132 - 11,957 |
|---|---|
| 8,529 11,560 8,132 - 11,957 |
|
| Balance at 1 April 2020 £ Incoming resources £ Outgoing resources £ Transfers £ Balance at 31 March 2021 £ 12,754 815 5,040 - 8,529 |
|
| 12,754 815 5,040 - 8,529 |
14 Analysis of net assets between funds
Current period
| Restricted Income Funds NCF – Norfolk Future Fund NCF – Shelroy Trust Unrestricted Income Funds: General Funds Total Funds |
Tangible fixed assets £ Investments £ Net current assets £ Total £ - - - - - - 880 880 260 - 11,697 11,957 |
|---|---|
| 260 - 12,577 12,837 |
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The Black Dog Music Project
Notes to the accounts
For the year ended 31 March 2022
Analysis of net assets between funds (continued)
Previous period
| Restricted Income Funds NCF – Norfolk Future Fund NCF – Shelroy Trust Unrestricted Income Funds: General Funds Total Funds |
Tangible fixed assets £ Investments £ Net current assets £ Total £ - - - - - - 880 880 346 - 8,183 8,529 |
|---|---|
| 346 - 9,063 9,409 |
15 Company limited by guarantee
The Black Dog Music Project is a registered charity and company limited by guarantee with no share capital. The liability of each member in the event of a winding-up is limited to £10.
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