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 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: .. .. 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