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
**----- End of picture text -----**
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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## **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:
- raise awareness of LoveBrum and what it has been set out to achieve
- unearth hidden projects that make Birmingham Great that deliver change, with tangible outcomes
- raise funds for hidden projects in Birmingham
- promote the city to its residents
- connect and promote Birmingham businesses with one other
- become the hub for information about the city
- promote those who support us and the city
- increase civic pride within the city
## **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.
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## **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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## **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**|
4
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## **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
- celebrate our city and its people with community focused events
- - continue to spread awareness of LoveBrum and our objectives
- help support real change to our already beautiful city
25/1/2023
Signed on behalf of the trustees on ……………………………….
…………………………
Kay Daniels - Trustee
5
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## **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: .............................................
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## **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
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## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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## **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
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**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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**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...
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## **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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## **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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## **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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## **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...
Page 16
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.
Page 17