OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Black British Classical Foundation Limited

2023-10-31-accounts

Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228

Registered Charity Number :- 1156138 Company Number 08249450 (England and Wales)

BLACK BRITISH CLASSICAL FOUNDATION LIMITED

TRUSTEES’ REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR END 31 October 2023

Black British Classical Foundation Limited 31A SOUTH NORWOOD HILL

LONDON

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

CONTENTS

FOR THE YEAR ENDED 31 October 2023

TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 6 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 7 BALANCE SHEET ........................................................................................................................................................... 8 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 9

2

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228

LIMITED

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 October 2023

Legal and Administrative Information.

Names of the charity trustees who manage the charity

The trustees and officers serving during the year and since the year end were as follows:

Michael Higgins Rev Susan Wheeler-Kiley Ayo Ayoola – Treasurer Michelle Barned Olayimika Cole - Chair Sarah Robertson Susan Wheeler-Kiley

Secretary Adjoa Osei – Company Secretary

Contact Information: Address: 31A South Norwood Hill London SE25 6BX

Phone: 07932914545

Email: vincent@bbcf.uk

Website: bbcf.uk

Independent Examiner Kevin Guweddeko KG Accountants Delta House 175-177 Borough High Street London SE1 1HR

3

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 October 2023

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.The charity exists for the purpose of nurturing an interest and participation in the classical arts, in particular opera, amongst communities of colour in the UK and beyond. The Black British Classical Foundation addresses the situation where ethnic minorities are underrepresented in the field of opera and the Classical arts in general. Across society, powerful role models can inspire future generations, whether it is in sports, science, or the arts. By fulfilling this need we hope to encourage minority audiences to see possibilities for themselves, to say, Yes, I too can do that Our work takes us to engage with many different communities including schools, prisons, places of worship including churches, and the health and caring communities. However, our major project is a biannual competition Voice OF Black Opera’ for Black and South Asian singers from the British Commonwealth.

The charity's main activities

Creating platform performances for emerging Black & South Asian artists. Developing community interest in Opera and Classical Music, Development of a young men’s choir, The demystification of Opera, Voice Of Black Opera – an international opera competition to find the best voice from the Commonwealth.

Public benefit statement

The charity exists to nurture interest and participation in the classical arts, in particular opera, amongst communities of Colour in the UK and beyond.

The Black British Classical Foundation addresses the situation where ethnic minorities are under-represented in the field of opera and the Classical arts in general. Across society, powerful role models can inspire future generations, whether it is in sports, science, or the arts. By fulfilling this need we hope to encourage minority audiences to see possibilities for themselves, to say, “Yes, I too can do that!” Our work takes us to engage with many different communities including schools, prisons, places of worship including churches, and the health and caring communities. However, our major project is a biannual competition ‘Voice OF Black Opera’ for Black and South Asian singers from the British Commonwealth.

ACHIEVEMENTS AND PERFORMANCE

Significant activities

The Serpentine Concert – The Annual Summer Concert

The annual Summer Concert this year was given by the winners of the VOBO 2022. This took place at the Serpentine Summer Pavilion. This is an annual event that builds awareness and funds for the BBCF and showcases some of the rising talent

Black History Month

Our annual performances we presented at Weil Gotshal & Manges LLP, Cambridge University, Bristol St. Georges, and in Birmingham with Birmingham Contemporary Music Group. Most of the works were evenings of music by Black Composers with a prominence of Black Female composers.

4

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 October 2023

The Christmas Concert

At St Johns Waterloo, BBCF presented Messiah. It was a production that was very well attended and supported. Our cast was that of Black Singers and chorus. The evening was made more special with a Black Orchestra and conductor.

Fund Name and Purpose of restriction as shown in this section.

Weil Gotshal & Manges – Unrestricted funding to present the Annual Summer Concert.

Other than that the BBCF was self-funding.

b ) Method of recruitment and appointment of trustees

Appointment of directors

34 The charity may by ordinary resolution:

(1) appoint a person who is willing to act to be a director, and

(2) determine the rotation in which any additional directors are to retire.

35 No person other than a director retiring by rotation may be appointed a director at any general meeting unless:

(1) he or she is recommended for re-election by the directors, or

(2) not less than fourteen nor more than thirty-five clear days before the date of the meeting, the charity is given a notice that:

(a) is signed by a member entitled to vote at the meeting,

(b) states the member’s intention to propose the appointment of a person as director,

(c) contains the details that, if the person were to be appointed, the charity would have to file at Companies House, and

(d) is signed by the person who is to be proposed to show his or her willingness to be appointed

36 All members who are entitled to receive notice of a general meeting must be given not less than seven nor more than twenty-eight clear days’ notice of any resolution to be put to he meeting to appoint a director other than a director who is to retire by rotation.

37 (1) The directors may appoint a person who is willing to act to be a director.

(2) A director appointed by a resolution of the other directors must retire at the next general meeting and must not be taken into account in determining the directors who are to retire by rotation.

38 The appointment of a director, whether by the charity in a general meeting or by the other directors, must not cause the number of directors to exceed any number fixed as the maximum number of directors.

5

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 October 2023

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 October 2023.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, 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 carried out undersection 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 examiners 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 that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended

Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no 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.

KG Accountants Kevin Guweddeko F.M.A.A.T Delta House 175-177 Borough High Street London SE1 1HR

==> picture [138 x 37] intentionally omitted <==

31 October 2023

6

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 October 2023

Recommended categories by
activity
Notes
Income and endowments
from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted funds
£
Total Funds 2023
£
Total Funds 2022
£
59,730.83
59,730.83
76,913.14
3,755.06
3,755.06
-
19,815.91
19,815.91
21,626.45
2.38
2.38
2.95
0.02
0.02
8,011.26
83,304.20
83,304.20
106,553.80
971.74
971.74
937.84
94,916.44
94,916.44
90,432.00
95,888.18
95,888.18
91,369.85
(12,583.98)
(12,583.98)
15,183.95
(12,583.98)
(12,583.98)
15,183.95
13,668.76
13,668.76
(1,515.19)
1,084.78
1,084.78
13,668.76

7

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

BALANCE SHEET

FOR THE YEAR ENDED 31 October 2023

Recommended categories by
activity
Notes
Current assets
Cash at bank and in hand
10
Total current assets
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
11
Restricted income funds
11
Endowment funds
11
Total funds		 Unrestricted funds
£
Total Funds 2023
£
Total Funds 2022
£
2,258.14
2,258.14
15,183.95
2,258.14
2,258.14
15,183.95
2,258.14
2,258.14
15,183.95
1,084.78
1,084.78
13,668.76
-
-
-
-
1,084.78
1,084.78
13,668.76

The financial statements were approved by the Board on 04-Aug-2024 and signed on its behalf by:

..

..

==> picture [138 x 37] intentionally omitted <==

8

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

1 Accounting Policies

1.1 Accounting Policies

1.2 Basis of preparation

1.3 Going concern

2 Income from Donations and Legacies

Analysis
Donation and gifts
General grants
provided by
Government/other
charities
Grants received		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
8,104.83
-
-
8,104.83
8,158.14
-
-
-
-
0.00
51,626.00
-
-
51,626.00
68,755.00
59,730.83
-
-
59,730.83
76,913.14

9

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228

LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

3 Income from Charitable Activities

Analysis
Sale of service		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
3,755.06
-
-
3,755.06
-
3,755.06
-
-
3,755.06
-

4 Income from Other Trading Activities

Analysis
Events
Sponsorship		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
2,365.91
-
-
2,365.91
6,626.45
17,450.00
-
-
17,450.00
15,000.00
19,815.91
-
-
19,815.91
21,626.45

5 Income from Investments

Analysis
Interest income		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
2.38
-
-
2.38
2.95
2.38
-
-
2.38
2.95

10

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

6 Other Income

Analysis
Kickstart Work
Placement (Income)
Other		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
-
-
-
-
8,011.26
0.02
-
-
0.02
-
0.02
-
-
0.02
8,011.26

7 Expenditure on Raising Funds

Analysis
Support Costs		 Total funds 2023
Total funds 2022
£
£
971.74
937.84
971.74
937.84

8 Expenditure on Charitable Activities

11

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

Analysis
Performance Fee
Photography fees
Hotel and
Accommodation
Venue Hire
Insurance
Motor & Travel
Expenses
Equipment expensed
Equipment hire
Other legal and
professional
Subsistence & Canteen
Legal/professional fees
Charity running cost
Printing and stationery
Bank charges
Support Costs		 Total funds 2023
Total funds 2022
£
£
49,773.11
21,460.15
2,215.00
1,292.40
145.00
16,482.00
6,375.00
3,386.00
347.06
171.10
3,704.40
878.10
-
3,057.44
2,550.42
2,760.17
-
28,001.63
7,153.40
2,211.17
16,067.38
9,244.00
3,917.85
-
1,046.88
370.00
270.00
180.00
1,350.94
937.84
94,916.44
90,432.00

12

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

9 Support Costs

pport Costs
Total funds 2023 Total funds 2022
Analysis £ £
Internet 50.00 182.50
Sundry 100.00 60.00
expenses
Advertising
and 1,160.00 1,514.39
marketing
Printing and
stationery		 - 118.80
Other Office
Costs		 633.48 -
Governance Costs
Accountants
fees		 379.20 -
2,322.68 1,875.69

10 Cash at bank and in hand

ash at bank and in hand
Cash at bank and in hand Total funds 2023
Total funds 2022
£
£
2,258.14
15,183.95
2,258.14
15,183.95

13

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

11 Charity funds

11.1 Details of material funds held and movements during the CURRENT reporting period

Fund names
Unrestricted
funds
American
Embassy
Black History
Month
Serpentine
Summer Concert
Christmas
concert
Coronation Mass
National Gallery
Serpentine
Gallery
VOBO
General Fund
Jubilee
Total		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
-
150.00
(10.00)
-
-
140.00
-
542.50
(1,680.00)
-
-
(1,137.50)
-
192.20
(4,292.91)
-
-
(4,100.71)
3,936.28
-
(1,057.34)
-
-
2,878.94
-
27,024.87
(19,013.67)
-
-
8,011.20
-
3,450.00
(3,300.00)
-
-
150.00
237.15
-
(5,082.67)
-
-
(4,845.52)
11,430.23
29,948.37
(53,475.52)
-
-
(12,096.92)
(1,956.51)
21,996.26
(7,976.07)
-
-
12,063.68
21.61
-
-
-
-
21.61
13,668.76
83,304.20
(95,888.18)
-
-
1,084.78

11.2 Details of material funds held and movements during the PREVIOUS reporting period

14

BLACK BRITISH CLASSICAL FOUNDATION Docusign Envelope ID: F0EC8889-910F-416F-AEE1-F1A8FDEEE228

LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 October 2023

Fund names
Unrestricted
funds
Christmas
concert
Jubilee
Serpentine
Gallery
VOBO
General Fund
Total		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
-
19,556.89
(15,620.61)
-
-
3,936.28
-
8,440.41
(8,418.80)
-
-
21.61
-
24,491.39
(24,254.24)
-
-
237.15
-
53,305.00
(41,874.77)
-
-
11,430.23
(1,515.19)
760.11
(1,201.43)
-
-
(1,956.51)
(1,515.19)
106,553.80
(91,369.85)
-
-
13,668.76

11.3 Transfers between funds This Year

Amount £

Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds -

Last Year

Amount £

Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds

15