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2022-03-31-accounts

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

REGISTERED COMPANY NUMBER: CE002123 (England and Wales) REGISTERED CHARITY NUMBER: 1157505

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

LOVEBRUM

Zomma Bookkeeping Oaklands Shirlheath Leominster Herefordshire HR6 9RH

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 17
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DocuSign Envelope ID: 66F07A51-8709-4D4D-9B17-214DDFDF45A3DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LoveBrum Report of the Trustees for the year ended 31 March 2022

Registered Company number

CE002123 (England and Wales)

Registered Charity number

1157505

Registered office

The Studios Redfern Park Way Birmingham B11 2BF

Trustees during the period

T Andrews P Ellis J Seabright R Simkiss H Floyd (appointed 01/06/21) M Shepherd (appointed 01/06/21) K Daniels (appointed 01/02/22) R Paterson (resigned 31/01/22) J McHugh (resigned 30/09/22)

Company Secretary

K Daniels

Independent Examiner

Emma Thomas CIMA Zomma Bookkeeping Oaklands Shirlheath Leominster Herefordshire HR6 9RH

Accountants

JW Hinks LLP 19 Highfield Road Edgbaston Birmingham B15 3BH

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DocuSign Envelope ID: 66F07A51-8709-4D4D-9B17-214DDFDF45A3DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LoveBrum Report of the Trustees for the year ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

Objectives

The objectives of LoveBrum are to:

LoveBrum’s story

The charity was registered with the Charity Commission on 17 June 2014.

Why: Simply put, to make Birmingham even better; to create a Charity that local people could get behind, see local charitable projects benefit, and the city restore some real civic pride.

What: LoveBrum is a charity that supports projects that are often volunteer led and that deliver real change, with outcome and that can be seen, measured, enjoyed and loved.

How: Companies and individuals join LoveBrum. The individual membership fees go to our causes. The funding for our running costs comes from LoveBrum Corporate and Patron LoveBrum memberships. This means everything raised from fundraising events goes straight through to the causes we support. Fundraising events are open to everyone and bring the whole city together to have fun and make a real difference.

Causes and projects apply for LoveBrum funding and go through a pre-approval process. Our members bring the causes they love into the LoveBrum family, so we can reach the people and places that really need our help. LoveBrum members vote on the causes they want to support. This means everyone has their say and gets involved. All the money raised in Birmingham by LoveBrum members and supporters stays in Birmingham.

We support the 'hard-to-reach' projects; those causes that are not that well profiled, or do not receive the platform and funding, that they probably deserve.

2

DocuSign Envelope ID: 66F07A51-8709-4D4D-9B17-214DDFDF45A3DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LoveBrum Report of the Trustees for the year ended 31 March 2022

Structure, governance and management

The company is registered as a charitable incorporated organisation (CIO) and was set up by a Memorandum of Association on 17 June 2014. The members of the company are the Trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The management of the charity is the responsibility of the Trustees who are elected under the terms of the Articles of Association. None of the trustees has any beneficial interest in the company.

Trustees are appointed by the Board and are subject to an open recruitment process. Vacancies are advertised through our major communication channels. They have a wide range of business skill and advise on all aspects of the charity’s operation, giving strategic guidance on future development.

The trustees are ultimately responsible for the decision making of the organisation but the day-to-day operation of the activities is delegated to its Head of Operations, Kathryn Simkiss.

The trustees meet on a monthly basis.

Induction and training of new trustees

Most trustees are already familiar with the work of the charity, having been encouraged to participate in sub groups, committees and as volunteers. New trustees are given an induction session to familiarise themselves with the charity. Our trustee induction pack is currently being given an overhaul, along with assessment of future training needs to further enhance this area.

Risk management

The board is responsible for overseeing matters of risk and internal control. The trustees review their major risks, such as financial stability, the broader economic environment and issues such as changes to legislation, on a regular basis.

Volunteers

Volunteers are highly valued and play a significant role in LoveBrum. The trustees thank them for their continued support and commitment.

Achievement and Performance

Financial Review

The Statement of Financial Activities for 2021/22 shows incoming resources of £90,385 (2021: £206,891) and resources expended of £128,626 (2021: £203,124), generating net outgoing resources of £38,241 (2021: incoming resources £3,767).

The charity’s balance sheet shows total net assets of £74,784 as at 31[st] March 2022 (2021: £113,025).

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DocuSign Envelope ID: 66F07A51-8709-4D4D-9B17-214DDFDF45A3DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LoveBrum Report of the Trustees for the year ended 31 March 2022

Charitable Activities 2021/22

The pandemic hit the charity hard and the previous financial year was extremely difficult. Although the charity paused cause funding temporarily, salaries were paid in full with no furlough claims made. Emerging from Covid-19, there are still financial challenges to face, but the regular monthly funding rounds have restarted. We remain committed to our mission ‘to make Birmingham better’ and strive to do everything we can to support our communities.

Bags for Brummies – LoveBrum’s winter campaign to support the city’s homeless and vulnerable, raised £7 , 420 this year, through Give Today.

From Brum with Love - launched in March 2022 in response to the Ukraine crisis. Essential items were purchased through Give Today and delivered via charity partners to refugees.

During the year, LoveBrum funded these causes: £
Ladywood Community 2,000
Family Society 2,000
Baby Aid Birmingham 2,000
Friends of Hamilton 2,000
Ladies Fighting 2,000
Moseley Community 2,000
BID Services 2,000
Suited for Success 2,000
Fur and Feathers 2,000
Homeless 1,000
Rising Stars 1,000
Together in the Co 1,000
Queen Alexandra College 1,000
Sense 1,000
Friends of Ten Acre 1,000
Birmingham Industr 1,000
Our Place Support 1,000
Shirley Horse 1,000
Push On Wellbeing 500
Lils Parlour 500
The Bridge 500
Helping Hands 500
VCCC Midlands 500
Birmingham Says No 500
Grand Union Arts 500
Leaf Creative Arts 500
Free Last 500
Furbabies Cat Rescue 500
Total 32,000

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DocuSign Envelope ID: 66F07A51-8709-4D4D-9B17-214DDFDF45A3DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LoveBrum Report of the Trustees for the year ended 31 March 2022

Principal funding sources

The charity has been fortunate to be funded by corporate partners (sponsors and patrons) who have generously donated to the charity to enable us to continue the good work we have already started. We will be looking to the corporate world for further support in a new initiative.

We will continue to raise money from individual donations and by holding fundraising events.

Funding from corporate partners is used for operational costs, whilst the charity provides grants to charities and causes from donations and fundraising.

We have launched a new initiative, the 0121 Collective Membership, calling on corporates for their support. We must cover our operating costs so that we can continue to serve the communities of Birmingham.

Reserves policy

It has always been the policy of the Board to hold in reserve the equivalent of three months’ general running costs (£18,000). The current reserves stand at -£48,902 (2021: -£27,671). Due to a tough two years, there is a deficit to recoup, which we continue to work towards in 2022/23.

Looking ahead

Charities are being called upon more than ever to support their communities, whilst at the same time facing unprecedented challenges for the future.

We look to stabilise the charity in the coming year and build on the good work already achieved. We will ask for more support from businesses within the community through the 0121 Collective, so that we remain resilient for the future.

The new Strategic board is tasked with giving fresh perspective to the charity to stabilise, plan and drive it forwards.

We will continue to

25/1/2023

Signed on behalf of the trustees on ……………………………….

…………………………

Kay Daniels - Trustee

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOVEBRUM

Independent examiner's report to the trustees of LoveBrum ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

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 Section 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 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:

  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 accounting 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.

Emma Thomas CIMA Zomma Bookkeeping Oaklands Shirlheath Leominster Herefordshire HR6 9RH

20.12.2022 Date: .............................................

Page 6

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
50,893
Charitable activities
Charitable activities
6,870
Other trading activities
3
11,250
Total
69,013
EXPENDITURE ON
Raising funds
2,098
Charitable activities
Charitable activities
-
Other
88,146
Total
90,244
NET INCOME/(EXPENDITURE)
(21,231)
RECONCILIATION OF FUNDS
Total funds brought forward
(27,671)
TOTAL FUNDS CARRIED FORWARD
(48,902)		 Restricted
funds
£
21,372
-
-
21,372
-
32,000
6,382
38,382
(17,010)
140,696
123,686		 2022
Total
funds
£
72,265
6,870
11,250
90,385
2,098
32,000
94,528
128,626
(38,241)
113,025
74,784		 2021
Total
funds
£
123,310
(55)
83,636
206,891
9,829
33,170
160,125
203,124
3,767
109,258
113,025

The notes form part of these financial statements

Page 7

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM (REGISTERED NUMBER: CE002123)

BALANCE SHEET 31 MARCH 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
-
CURRENT ASSETS
Debtors
10
14,274
Cash at bank and in hand
(33,229)
(18,955)
CREDITORS
Amounts falling due within one year
11
(29,947)
NET CURRENT ASSETS/(LIABILITIES)
(48,902)
TOTAL ASSETS LESS CURRENT LIABILITIES
(48,902)
NET ASSETS
(48,902)
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
123,686
123,686
-
123,686
123,686
123,686		 2022
Total
funds
£
-
14,274
90,457
104,731
(29,947)
74,784
74,784
74,784
(48,902)
123,686
74,784		 2021
Total
funds
£
185
15,854
106,978
122,832
(9,992)
112,840
113,025
113,025
(27,671)
140,696
113,025

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM (REGISTERED NUMBER: CE002123)

BALANCE SHEET - continued 31 MARCH 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25/1/2023 ............................................. and were signed on its behalf by:

............................................. K Daniels - Trustee

The notes form part of these financial statements

Page 9

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

LOVEBRUM

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 33% on cost Computer equipment - 33% on cost

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

OPERATING LEASE COMMITMENTS

Rentals payable under operating leases, including any lease incentives received, are charged to the Statement of Financial Activities on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease assets are consumed.

GOVERNMENT GRANTS

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

continued...

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

LOVEBRUM

1. ACCOUNTING POLICIES - continued

FUND ACCOUNTING

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Memberships
Grants
Donated services and facilities
Grants received, included in the above, are as follows:
Big Lottery
3.
OTHER TRADING ACTIVITIES
Other revenue
HMRC CJRS grants		 2022
£
29,929
17,836
-
24,500
72,265
2022
£
-
2022
£
11,250
-
11,250		 2021
£
27,826
8,164
68,820
18,500
123,310
2021
£
68,820
2021
£
78,164
5,472
83,636

continued...

Page 11

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. INCOME FROM CHARITABLE ACTIVITIES

Events income
5.
SUPPORT COSTS
Management
£
Other resources expended
87,129
Support costs, included in the above, are as follows:
Wages and salaries (partial gift in kind)
Social security
Pensions
Recruitment fees
Travel costs
Other costs
Advertising and marketing
Other staff costs
Subscriptions
Depreciation
Bank charges
Stripe fees
Light and heat
Postage and stationery
Rent
Independent examination fees (gift in kind)
Auditors' remuneration for non audit work
Bookkeeping
Insurance
Payroll
Telephone
Legal and professional		 Finance
£
223		 2022
Charitable
activities
£
6,870
Governance
Other
costs
£
£
380
6,796
2022
Other
resources
expended
£
70,524
81
1,037
-
2,949
-
8,590
-
3,763
185
104
119
-
380
-
500
1,300
3,300
1,364
290
42
-
94,528		 2021
Total
activities
£
(55)
Totals
£
94,528
2021
Total
activities
£
122,878
4,522
1,142
6,125
360
242
8,013
136
2,407
444
118
-
250
1,118
1,353
500
1,200
3,300
1,384
526
83
4,024
160,125

continued...

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Independent examination fees (gift in kind)|500|500| |Auditors' remuneration for non audit work|1,300|1,200| |Depreciation - owned assets|185|444|

----- End of picture text -----

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

8. STAFF COSTS

All staff were seconded to the charity and the value of this donated service has been recorded as a gift in kind.

9. TANGIBLE FIXED ASSETS

----- Start of picture text -----
||||| |---|---|---|---| |Office|Computer| |equipment|equipment|Totals| |£|£|£| |COST| |At 1 April 2021 and 31 March 2022|1,954|1,689|3,643| |DEPRECIATION| |At 1 April 2021|1,769|1,689|3,458| |Charge for year|185|-|185| |At 31 March 2022|1,954|1,689|3,643| |NET BOOK VALUE| |At 31 March 2022|-|-|-| |At 31 March 2021|185|-|185|

----- End of picture text -----

continued...

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Deferred income
Accrued expenses
12.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
(27,671)
Restricted funds
Donations held on trust fund
120,870
OneBrum campaign
19,826
140,696
TOTAL FUNDS
113,025
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Donations held on trust fund
TOTAL FUNDS		 Net
movement
in funds
£
(21,231)
(17,010)
-
(17,010)
(38,241)
Incoming
resources
£
69,013
21,372
90,385		 2022
2021
£
£
19
-
13,900
15,854
355
-
14,274
15,854
2022
2021
£
£
3,589
-
576
-
157
-
20,875
4,167
4,750
5,825
29,947
9,992
Transfers
between
At
funds
31.3.22
£
£
-
(48,902)
19,826
123,686
(19,826)
-
-
123,686
-
74,784
Resources
Movement
expended
in funds
£
£
(90,244)
(21,231)
(38,382)
(17,010)
(128,626)
(38,241)

continued...

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.20
£
Unrestricted funds
General fund
(12,327)
Restricted funds
Donations held on trust fund
95,740
Big Lottery fund
25,845
OneBrum campaign
-
121,585
TOTAL FUNDS
109,258
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
132,365
Restricted funds
Donations held on trust fund
46,700
Big Lottery fund
-
OneBrum campaign
27,826
74,526
TOTAL FUNDS
206,891		 Net
movement
At
in funds
31.3.21
£
£
(15,344)
(27,671)
25,130
120,870
(25,845)
-
19,826
19,826
19,111
140,696
3,767
113,025
Resources
Movement
expended
in funds
£
£
(147,709)
(15,344)
(21,570)
25,130
(25,845)
(25,845)
(8,000)
19,826
(55,415)
19,111
(203,124)
3,767

continued...

Page 15

DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

LOVEBRUM

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Donations held on trust fund
Big Lottery fund
OneBrum campaign
TOTAL FUNDS		 At 1.4.20
£
(12,327)
95,740
25,845
-
121,585
109,258		 Net
movement
in funds
£
(36,575)
8,120
(25,845)
19,826
2,101
(34,474)		 Transfers
between
funds
£
-
19,826
-
(19,826)
-
-		 At
31.3.22
£
(48,902)
123,686
-
-
123,686
74,784

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Donations held on trust fund
Big Lottery fund
OneBrum campaign
TOTAL FUNDS		 Incoming
resources
£
201,378
68,072
-
27,826
95,898
297,276		 Resources
Movement
expended
in funds
£
£
(237,953)
(36,575)
(59,952)
8,120
(25,845)
(25,845)
(8,000)
19,826
(93,797)
2,101
(331,750)
(34,474)

The charity holds restricted funds comprising of unexpended balances of donations held on trust. These funds have been restricted by the trustees and will be used to support small charitable and community organisations in Birmingham in line with the charity's objects.

During the year ended 31 March 2019 the charity received restricted funding from The Big Lottery Fund which is to be used to support ongoing operations of the charity and small charitable and community organisations.

During the year ended 31 March 2021 the charity received restricted funding towards the OneBrum campaign which is to be used to support ongoing operations of the charity and small charitable and community organisations.

continued...

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DocuSign Envelope ID: 3478EEE8-3BD1-47F1-96B0-BC7B2C8B3B5E

LOVEBRUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

14. ULTIMATE CONTROLLING PARTY

In the opinion of the trustees there is no ultimate controlling party other than the trustees themselves.

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