**REGISTERED COMPANY NUMBER: 07248813 (England and Wales) REGISTERED CHARITY NUMBER: 1160035** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **FOR** **SERENDIPITY ARTISTS MOVEMENT LIMITED** Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU **SERENDIPITY ARTISTS MOVEMENT LIMITED** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 20
Detailed Statement of Financial Activities 21 to 22
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**SERENDIPITY ARTISTS MOVEMENT LIMITED** **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 AND ACTIVITIES** ## **Principle Activity** The principle activity of the charity during the year continued to be the promotion of arts; chiefly dance and live arts from a culturally diverse perspective. ## **Objectives and activities for the public benefit** Serendipity's mission is to promote, improve, develop and maintain appreciation of the arts for the public benefit, to advance education in the arts and different cultures and heritage for the public benefit, to promote equality and diversity for the public benefit through the arts including hosting events that profile diversity such as Let's Dance International Frontiers and Black History Month. ## **Vision and Mission** ## **Vision** Serendipity Institute for Black Arts and Heritage is an internationally connected organisation that actively changes the UK's artistic and cultural landscape through an innovative, inclusive, and inspiring multi-faceted programme. ## **Mission** Serendipity's mission is to nurture high quality new work from artists, both emerging and established, that celebrates diversity and to centre perspectives from the African and African Caribbean Diaspora, embedded as part of cultural experiences for all, championing under-represented and forgotten voices. ## **Values** **----- Start of picture text -----**
||| |---|---| |International|a global perspective, working together to make great things happen| |Creative|showcasing innovative work that pushes boundaries, and imaginative problem solving| |Diverse|championing access and inclusion for all| |Quality|professional, high standard artistic work and practice that exceeds expectations| |Sharing|opportunities to share knowledge and practice, inform and inspire| **----- End of picture text -----**
Page 1 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **OBJECTIVES AND ACTIVITIES Artistic Let's Dance International Frontiers 2021** Let's Dance International Frontiers 2021 (LDIF21) took place from 29 April - 8 May 2021 online, with an exhibition taking place 25 May - 30 June and LDIF+ weekend of live outdoor performance and masterclasses on 19-20 June. With the ongoing impact of the COVID-19 pandemic, Serendipity maintained a programme of hybrid activities both online and in person, working in line with government restrictions. The outline of Alternative LDIF21 was as follows: ## **LDIF21 Launch** An online launch hosted by Pawlet Brookes and sharing of Born to Manifest by Joseph Toonga. The launch celebrated international dance day and provided an introduction of the programme of activities available online and in person. ## **A Dialogue with Masters** In the second edition of the podcast, A Dialogue with Masters, Pawlet brookes interviewed Eduardo Vilaro, Jonzi D and Joseph Toonga focusing on the contribution of Black men in dance. ## **Black British Dance Platform** The first edition of the Black British Dance Platform took place as a live-streamed performance hosted at Curve. There was no physical audience, however, people were able to buy tickets to watch online. Dani Harris-Walters and Fubunation were the two selected participating artists for the platform in partnership with Dance4. The performance was also followed by an online in conversation with the artists providing further insight into their work. Overall the event was a great success and with artists receiving future commissions and engagements as a result. ## **Nehanda** Conceived as an opera, Nehanda by nora chipaumire investigates the legend of Nehanda, a powerful spirit, venerated by the Shona people, native of Zimbabwe and central Mozambique, who inhabits only women. In the late nineteenth century, Nehanda's medium was Charwe Nyakasikana, a heroic revolutionary leader, who orchestrated the first uprisings in British-occupied Southern Rhodesia in 1896-97. Playing out as a radio show, Serendipity shared an episode online each day throughout the festival. ## **JOMBA** Working in partnership with JOMBA! Festival based in Durban, South Africa, Let's Dance International Frontiers shared a selection of dance films from emerging South African Dance artists. The films were well received and established a new international partnership for both festivals. ## **Creating Socially Engaged Art: Can Dance Change the World** Black women have been at the heart of social justice movements and making positive change in their communities the world over and their impact to the international dance ecology is no different. The conference features the contributions of dance practitioners, who through their own activism and artistry have brought to light untold issues and taboos, codified techniques, developed and raised the profile of dance from the African and African Caribbean Diaspora and engaged with communities in innovative ways. Contributors included Jeanette Bain-Burnett, Lizzy Cooper Davis, Chanon Judson, Wanjiru Kamuyu, Greta Mendez, Marlène Myrtil, Vivine Scarlett, Maya Taylor with an introduction by Anita Gonzalez and chaired by Pawlet Brookes. The conference was BSL interpreted and continued to build on conversations around access in physical and digital spaces confirmed in previous years. ## **Spirit of Jazz - BOP Jazz Theatre Company** The second of two live stream performances from Curve, BOP Jazz Dance Theatre Company, working as a COVID secure bubble presented selected pieces of BOP repertoire and new works, including the premiere of 'I.AM', that explore the breadth and depth of the individual and collective creative expression of the jazz theatre art form. As a well-established company in the UK it was a fantastic opportunity to collaborate on this showcase. Page 2 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **OBJECTIVES AND ACTIVITIES** ## **Globally Connecting: My Voice, My Practice** Working in partnership with the International Association of Blacks in Dance (IABD) Pawlet Brookes, Eduardo Vilaro, Makeda Thomas and Thomas Prestø shared their perspectives on dance practice, training and growth coming out of the pandemic. The conversation complemented the recent publication of My Voice, My Practice; Black Dance. ## **Dance Double Bill: Yinka Esi Grave and Maya Taylor** Two exciting new pieces of dance from two change making choreographers. In her first solo piece, flamenco dancer Yinka Esi Graves explored the constant play between being seen and invisibility in The Disappearing Act. The piece was filmed at a theatre in Spain and then lived streamed internationally. Maya Taylor returned with Shape | Shifter featuring her high energy and unique style of choreography in collaboration with Cubs the Poet and trombonist Jeremey Phipps. Filmed by Diago De Lima as a dance film, the work was also live streamed to an international audience. Both films were also audio described by Talking Sense. ## **LDIF+ Masterclasses** When restrictions, LDIF+ hosted two masterclasses with Dollie Henry and Jonzi D. With small class sizes to allow for social distancing, the classes explored jazz dance and choreopoetry. ## **Born to Protest: Joseph Toonga** Following the easing of restrictions, Born to Protest took place in Orton Square in Leicester. Social distancing was maintained with chalk boxes on the ground and the event was well attended working in partnership with local venues to encourage people back into the city centre following lockdown. The performance was particularly poignant coinciding with the year anniversary of Black Lives Matters protests internationally following the murder of George Floyd. ## **Creolisation in Reverse: Jena-Leon Destiné** Jean-Léon Destiné (1918 - 2013) was known for his choreography that addresses Haiti's history of resistance again colonialism and slavery. The exhibition featured archival materials, some of which had never been presented in public before. There was also a choreographic reinterpretation of his famous work Witch Doctor by Tabanka Dance Ensemble. Celebrating Destiné's rich and colourful career and life. The exhibition was also available to view online for those not able to attend in person. ## **Windrush Day 2021** On 22 June 2021, Serendipity coordinated a second online lecture entitled Key Moments and Issues In The Black British Civil Rights Movement: A Brief History Of Our Story/Journey (So Far) with Dr Beverley Bryan and a sneak peak of a new classical music score Siren Calls: To An Illusive Journey by Philip Herbert. Dr Beverley Bryan was a founder member of the Brixton Black Women's Group and the Organisation of Women of African and Asian Descent (OWAAD); a Saturday school organiser; a mainstream primary school teacher who pioneered Black history teaching in her classroom in the 1970s; and a member of the British Black Panther Movement. Her talk contextualised the history of mobilisation and activism in the UK both before and after Windrush. ## **Black History Month 2021** Black History Month Leicester 2021 took place throughout October 2021. With the continued impact of COVID-19, Serendipity and partner organisers and venues worked to create a multifaceted programme of exhibitions, publications, online performances, debate, podcasts, discussion and lectures. There was an increase in organising in-person events, with many of these being a success albeit with reduced capacity. A few of the events were rescheduled for a later date due to the constrains. Black History month 2021 coincided with a number of anniversaries: 230 years since the start of the Haitian revolution, 95 years since the first Negro History Week in the USA, 50 years since the invention of the Blaxploitation genre. This cinematic milestone formed a core programming element with a series of screenings taking place at Phoenix, which unpacked the genre further. Page 3 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **OBJECTIVES AND ACTIVITIES** A summary of Black History Month Leicester 2021 is as follows: ## **BlackInk Magazine** Following the success in 2020, BlackInk returned for its second edition. BlackInk is a magazine focusing on Black arts, heritage and cultural politics. An interface between a physical magazine and digital content, BlackInk is a creative response bringing together a range of interconnected international voices from across the African and African Caribbean Diaspora and indigenous communities. For October 2021, issue 2 provided an insight into Black British dance, reflecting on both the history and pioneers such as Barrington Anderson alongside contemporary voices shaping the future of the sector. Contributing writers included Roshini Kempadoo, Freddy Houndekindo, Amanda Parker, Peter Adjaye, Mark Sealy and Beverley Bryan and more, touching on topics ranging from Black British activism through to manifestos for existence and excellence. The publication introduces Launchpad artists Kat Anderson, Charlie Evaristo-Boyce and Isaac Ouro-Gnao, with cover art by Nyugen E Smith. The premise of BlackInk was a physical magazine, with QR codes that linked through to digital content, further resources, videos, interviews, artwork and short stories. A digital copy of the publication was also made available via issuu to extend the reach. ## **AfroManifesto Exhibition and Launch** Working in partnership with Bishop Street Methodist Church, AfroManifesto brought together new commission from artists participating in Serendipity's Launchpad platform; Patricia Vester, Kat Anderson, Charlie Evaristo-Boyce and Isaac Ouro-Gnao. The continued presence of Serendipity in the church throughout October provided a valuable contact point for rebuilding in-person audiences and as a source of information. The exhibition space also acted as a physical shop space to purchase BlackInk magazine, with guests having the opportunity to purchase prints and original artwork from some of the artists. The private view launch was a fantastic in-person event observing best practice for COVID-safety, numbers were kept small. Some of the artists attended to talk about their work and this resulted in one of the artists being picked up for a solo exhibition at Leicester Gallery and another being commissioned for a film project. Other exhibitions included Black Lives Matter - New Acquisitions at Leicester Museum and Art Gallery and Community Curators Exhibition: Blakck Lives Matter Too! At The Y. ## **BlackChat Conversation and Staged Reading** In partnership with Curve and Serendipity, a stage reading of Lorraine Hansberry's A Raisin in the Sun was hosted in the Curve Studio. The event was well attended and well received prompted Curve to include rehearsed readings for Black History Month as part of their programming moving forward. The play dealt with the themes of race, family, money, pride and the 'America Dream'. The conversation with the actors was really valuable for unpacking these themes and also encouraging people back into the theatre. ## **Blaxploitation** Each Wednesday throughout October, Serendipity in partnership with Phoenix hosted a series of films from the Blaxploitation genre to mark its fiftieth anniversary. Influenced by the Black Power Movement, they were amongst the first where Black characters were centralised within narratives as heroes alongside soundtracks set to funk and soul music. Although not without their controversies, their impact has endured and provided a backdrop for conversations around police corruption, drug abuse, gang culture, but also celebrating fashion, music, community, Black pride and the talent of Black actors. ## **Burning an Illusion - Houring the Legacy of Menelik Shabazz** Page 4 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **OBJECTIVES AND ACTIVITIES** Following the untimely passing of Menelik Shabazz, a director with many connections to Leicester throughout his career, Serendipity hosted a screening of his seminal work Burning an Illusion. As only the second British feature film to be made by a Black director in the UK. The conversation that resulted after the screening was valuable and has informed programming moving forward around the events and opportunities that people find valuable for Black History Month. Other events included WORD! Workshop with Mellow Baku, Black History Comedy Night, Yes, You Can Showcase and the Creating Socially Engaged Art: Can Dance Change the World? Book Launch. Given that Black History Month took place in the second year of the pandemic, there were a lot of uncertainties to navigate and on the whole audience numbers were reduced because of reduced capacity. However, organisers did their best to work around restrictions and deliver a varied and successful programme of activities. ## **Unearthed: Forgotten Histories** Serendipity were successfully awarded a development grant for Unearthed: Forgotten Histories in January 2022 with the development phase to largely take place in the 2022/2023 financial year. The project seeks to make a structural difference to the recording, documentation and sharing of Black history and heritage in the UK, and to give back hidden histories for everyone to share. Serendipity will create a digital living archive that encompasses the history of the African and African Caribbean communities across this region, amplify the historical picture and tell stories from a different perspective. Alongside this, Serendipity will lead on Young Archivists, an accredited training programme aimed at young people from diverse communities who are currently under-represented in the heritage sector, to learn from heritage experts. Educational resources, events and exhibitions are also planned with volunteers given training to develop skills and support the collection and preservation of oral histories and archival material. ## **Audiences** 2021/2022 saw Serendipity continuing to grow a digital audience across the online programme of events and products. By the end of March 2022, Serendipity had reached an estimated audience of 2280000 broadcast (television and radio), 201541 online and 1735 livestream engagements and even with the ongoing impact of the pandemic a physical audience of 1289 people was reached through a small in person programme. Serendipity's website generated 17,773 users and 48,238 page views over the 2021/2022 year. Page 5 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **OBJECTIVES AND ACTIVITIES Objectives for the forthcoming year** ## **Artistic and Heritage** - To deliver an in-person programme of events for Let's Dance International Frontiers, an annual dance festival with events taking place over ten days in April and May, focusing on showcasing emerging talent alongside internationally renowned artists. In 2022, this will focus on the theme In Situ: Responding to Space, Place, People and Time. - To deliver an annual lecture for Windrush Day 2022. - To deliver Black History Month an annual arts, heritage and education festival in October. In 2022, this will focus on Independence: A New Time, A New Era, recognising the sixtieth anniversary of independence for Jamaica and Trinidad and Tobago. - Commissioning new work through the Black British Dance Platform and BHM Live/Launchpad programme and showcase for emerging artistic talent for new talent from the African and African Caribbean Diaspora. - To develop the publication series focusing on work coming out of the African and African Caribbean Diaspora, with special reference to Black arts, heritage, cultural politics and dance. Adapting these to digital formats through eBooks and audiobooks and increasing their reach through licensing. - Collaborative working with arts and education partners to deliver artistic interventions and consultancy focused on Black led artistic practice. - To continue working innovatively across digital technologies to create and share artistic practice through the initiative Black Digital Dance Revolution. - To lead the development phase for Unearthed: Forgotten Histories leading to the submission of a full application. ## **Audiences** - To continue rebuilding in person audiences for live performances. - To continue to use technologies to reach and expand digital audiences in the UK and internationally through online programmes. - Continuing to use Audience Finder to document audience data, grown existing audiences and find new ones. - Continue to work with PR experts to develop and update marketing strategies, raising the profile of Serendipity with national and international audiences. - Developing membership schemes that encourage new audiences and reward return audience members. - To continue to embed accessibility across all of Serendipity's programmes. ## **Governance and Leadership** -Board development and recruitment of trustees with expertise in finance and business. ## **Finance** -Increasing publications sales, ticket sales. -Increasing income from consultancy and expertise. -Continuing to build reserves. ## **Office Base** The financial year 2021/2022 saw Serendipity maintaining an office space at 21 Bowling Green Street, Leicester, LE1 6AS. The office space provided a safe working space with room for social distancing. The office space at Clephan Building, De Montfort University remains as a base for additional storage and exhibition preparation. ## **FINANCIAL REVIEW** ## **Finance** 2021/2022 saw Serendipity enter it's fourth year as a National Portfolio Organisation with Arts Council England for the period 2018-2023, due to an extension year as a result of the pandemic. Serendipity continued to increase its earned income through publications and consultancy and collaborations with partners such as the National Education Union. Notable achievements over 2021/2022 include: - Windrush Day Grant (Leicester City Council) - BAAS/US Embassy Funding - National Lottery Heritage Fund Development Phase Grant Page 6 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **FINANCIAL REVIEW** ## **Reserves Policy** ## **Rationale** The Serendipity Reserves Policy is to maintain sufficient level of reserves to enable normal operating activities to continue over a period of up to three months should a shortfall in income occur and to take account of potential risks and contingencies that may arise from time to time. Excluded from the Reserves Policy is income associated with Donor Restricted Funds (Earmarked Income). Therefore, in order to demonstrate transparency, accountability and sound financial management Serendipity's Reserves Policy clearly justifies the amount of reserves kept back each year. ## **Steps taken to establish the level of reserve** In order to make a judgement on the amount of reserve the Trustees have considered the risks in respect of expenditure, unrestricted income and where appropriate restricted income and where funds can only be realised by the disposal of a fixed asset. Also taken into consideration are any external identified potential major risks to income and expenditure during the year under consideration. A risk assessment will be conducted each financial year using a risk determination approach looking at unrestricted income, restricted income, expenditure and external potential major risks. ## **Level of reserve required by Serendipity** The Board of Trustees has established that Serendipity should hold approximately three months operating capital which within the current budget period equates to £65,000. Over the 2020-2022 period, Serendipity seeks to develop reserves of approximately £80,000. ## **Monitoring and reviewing the Reserves Policy** This policy will be reviewed at the Annual General Meeting each year. The CEO will present the Board of Trustees with a draft document and supporting materials that enables them to make an informed decision about levels of Reserves and feeds into their approval of the Strategy Document and Annual Operating Budget. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The company is incorporated under the Companies Act, company number 07248813 and its governing document is its Memorandum and Articles of Association. The company is a registered charity, number 1160035. ## **Recruitment and appointment of new trustees** The directors of the charitable company (Serendipity Artists Movement Limited) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. As set out in the Articles of Association trustees serve for a two year term, which is then renewable every two years up to eight years. The board review itself as an effective trustee body once a year via self-evaluation as per the guidance from the Charity Commission. Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings. ## **Organisational structure** Benjamin Browne was Serendipity's Chair until September 2021 with Richard Anthony Graves as taking over as Chair and confirmed as chair in March 2022. Karen Chouhan, Tracy Harwood and Javier Torres and Jean-François Manicom remain in post as trustees. Given the ongoing impact of the COVID-19 pandemic on the arts and cultural industries, board discussion took place about how Serendipity can adapt programming to meet challenges, repositioning as an arts and heritage organisation with a focus on work coming out of the African and African Caribbean Diaspora, working across live performance, digital work, archiving and publishing. There was also discussion focusing on building the organisation's recovery, resilience and sustainability and the continued dedication to produce high quality programmes showcasing culturally diverse work in multifaceted forms. During the financial year 2021/2022 Serendipity's CEO and Artistic Director, Administrator, Research and Outreach remained in post. The Marketing and Communications Manager leaving post in July 2021 with a new Administration Assistant joined the team in June 2021 alongside a Membership Coordinator in October 2021. Page 7 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07248813 (England and Wales) **Registered Charity number** 1160035 ## **Registered office** 21 Bowling Green Street Leicester Leicestershire LE1 6AS ## **Trustees** Mrs P A Brookes Mr B T Browne (resigned 14.9.2021) Ms K J H Chouhan Mr R A Graves Ms T Harwood Mr J Torres Del Sol Mr J Manicom Curator **Company Secretary** Mrs P A Brookes ## **Independent Examiner** Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU ## **Senior Management** Mrs P A Brookes is the Chief Executive Officer and Artistic Director of the charity. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 15 December 2022 and signed on its behalf by: Mrs P A Brookes - Trustee Page 8 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **Independent examiner's report to the trustees of Serendipity Artists Movement Limited ('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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. 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. ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed. Mr P Bott FCA ICAEW Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU 19 December 2022 Page 9 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and grants
2
**328,334**
**Charitable activities**
Promotion of arts
**9,981**
**Total**
**338,315**
**EXPENDITURE ON**
**Charitable activities**
Promotion of arts
**183,930**
**NET INCOME**
**154,385**
**Transfers between funds**
11
**(70,512)**
**Net movement in funds**
**83,873**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**74,858**
**TOTAL FUNDS CARRIED FORWARD**
**158,731**|Restricted
funds
£
**116,085**
**6,409**
**122,494**
**88,655**
**33,839**
**70,512**
**104,351**
**-**
**104,351**|**2022**
**Total**
**funds**
**£**
**444,419**
**16,390**
**460,809**
**272,585**
**188,224**
**-**
**188,224**
**74,858**
**263,082**|2021
Total
funds
£
297,230
31,605
328,835
266,752
62,083
-
62,083
12,775
74,858| |---|---|---|---| The notes form part of these financial statements Page 10 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **BALANCE SHEET 31 MARCH 2022** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
**23,835**
**CURRENT ASSETS**
Debtors
9
**1,857**
Cash at bank
**140,542**
**142,399**
**CREDITORS**
Amounts falling due within one year
10
**(7,504)**
**NET CURRENT ASSETS**
**134,895**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**158,730**
**NET ASSETS**
**158,730**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**10,693**
**96,102**
**106,795**
**(2,443)**
**104,352**
**104,352**
**104,352**|**2022**
**Total**
**funds**
**£**
**23,835**
**12,550**
**236,644**
**249,194**
**(9,947)**
**239,247**
**263,082**
**263,082**
**158,730**
**104,352**
**263,082**|2021
Total
funds
£
30,954
1,057
55,497
56,554
(12,650)
43,904
74,858
74,858
74,858
-
74,858| |---|---|---|---| 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... Page 11 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **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 15 December 2022 and were signed on its behalf by: Mrs P A Brookes - Trustee The notes form part of these financial statements Page 12 **SERENDIPITY ARTISTS MOVEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **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. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **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. Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on reducing balance ## **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. ## **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. continued... Page 13 **SERENDIPITY ARTISTS MOVEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES - continued** ## **Debtors** Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. ## **Creditors** Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. ## **Going Concern** The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. ## **Government Grants** Government grants received under the job retention scheme are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. **2. DONATIONS AND GRANTS** |Donations
Grants
Government Grants|**2022**
**£**
**24,467**
**419,952**
**-**
**444,419**|2021
£
1,422
294,176
1,632
297,230| |---|---|---| Grants received, included in the above, are as follows: |Arts Council England-National Portfoilo Organistaion
Leicester City Council
Community Fund
American Embassy
Kickstart
CRF Fund
Cultural Recovery
Other grants|**2022**
**£**
**317,592**
**58,000**
**2,000**
**5,235**
**7,625**
**8,250**
**19,250**
**2,000**
**419,952**|2021
£
251,797
13,000
22,141
-
-
-
-
7,238
294,176| |---|---|---| continued... Page 14 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **3. INCOME FROM CHARITABLE ACTIVITIES** **----- Start of picture text -----**
||||| |---|---|---|---| |2022|2021| |Activity|£|£| |Admissions|Promotion of arts|4,231|5,583| |Book sales|Promotion of arts|5,933|8,815| |Consultancy services|Promotion of arts|2,324|16,443| |Sales|Promotion of arts|3,902|764| |16,390|31,605| **----- End of picture text -----**
## **4. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |£|£| |Independent exam|3,812|3,636| |Depreciation - owned assets|8,069|10,478| **----- End of picture text -----**
## **5. TRUSTEES' REMUNERATION AND BENEFITS** Mrs P A Brookes, Trustee, received remuneration of £44,434 (2021: £46,450) during the year. Mrs P A Brookes, Trustee, invoiced the charity £1,500 (2021: £4,500) in consultancy charges and £1,719 (2021: £6,600) for producer charges during the year. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **6. STAFF COSTS** **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |£|£| |Wages and salaries|108,167|106,141| |Other pension costs|7,752|7,601| |115,919|113,742| **----- End of picture text -----**
The average monthly number of employees during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |Employees|4|4| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. continued... Page 15 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2021
Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and grants 275,333 21,897 297,230
Charitable activities
Promotion of arts 15,860 15,745 31,605
Total 291,193 37,642 328,835
EXPENDITURE ON
Charitable activities
Promotion of arts 205,843 60,909 266,752
NET INCOME/(EXPENDITURE) 85,350 (23,267) 62,083
Transfers between funds 9,369 (9,369) -
Net movement in funds 94,719 (32,636) 62,083
RECONCILIATION OF FUNDS
Total funds brought forward (19,861) 32,636 12,775
TOTAL FUNDS CARRIED FORWARD 74,858 - 74,858
8. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2021 54,173 6,619 60,792
Additions 750 200 950
At 31 March 2022 54,923 6,819 61,742
DEPRECIATION
At 1 April 2021 24,183 5,655 29,838
Charge for year 7,685 384 8,069
At 31 March 2022 31,868 6,039 37,907
NET BOOK VALUE
At 31 March 2022 23,055 780 23,835
At 31 March 2021 29,990 964 30,954
**----- End of picture text -----**
continued... Page 16 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 12,550 1,057
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 3,259 4,613
Social security and other taxes 2,126 2,504
Other creditors 3,291 2,756
Accruals and deferred income 1,271 2,777
9,947 12,650
11. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 74,858 154,384 (70,512) 158,730
Restricted funds
-
Black History Month (17,372) 24,774 7,402
Let’s Dance International Frontiers - (35,335) 42,468 7,133
Windrush - (1,270) 3,270 2,000
- -
American Embassy 5,235 5,235
Unearthed Forgotten Histories
- -
82,582 82,582
-
33,840 70,512 104,352
TOTAL FUNDS 74,858 188,224 - 263,082
**----- End of picture text -----**
continued... Page 17 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Black History Month
Let’s Dance International Frontiers
Windrush
American Embassy
Unearthed Forgotten Histories
**TOTAL FUNDS**
**Comparatives for movement in funds**
At 1.4.20
£
**Unrestricted funds**
General fund
(19,861)
**Restricted funds**
Black History Month
-
Elevate
13,866
Let’s Dance International Frontiers
-
Archiving The Past, Reflecting The Future
18,770
32,636
**TOTAL FUNDS**
12,775|Incoming
resources
£
**338,315**
**20,321**
**8,101**
**2,110**
**5,235**
**86,727**
**122,494**
**460,809**
Net
movement
in funds
£
85,350
837
-
(27,256)
3,152
(23,267)
62,083|Resources
Movement
expended
in funds
£
£
**(183,931)**
**154,384**
**(37,693)**
**(17,372)**
**(43,436)**
**(35,335)**
**(3,380)**
**(1,270)**
**-**
**5,235**
**(4,145)**
**82,582**
**(88,654)**
**33,840**
**(272,585)**
**188,224**
Transfers
between
At
funds
31.3.21
£
£
9,369
74,858
(837)
-
(13,866)
-
27,256
-
(21,922)
-
(9,369)
-
-
74,858| |---|---|---| continued... Page 18 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **11. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Black History Month
Let’s Dance International Frontiers
Archiving The Past, Reflecting The Future
**TOTAL FUNDS**
**Restricted funds**|Incoming
resources
£
291,193
29,690
7,952
-
37,642
328,835|Resources
Movement
expended
in funds
£
£
(205,843)
85,350
(28,853)
837
(35,208)
(27,256)
3,152
3,152
(60,909)
(23,267)
(266,752)
62,083| |---|---|---| ## **Let's Dance International Frontiers** Launching each year on 29 April to celebrate International Dance Day, LDIF brings diversity to the forefront in dance with a 10-day festival showcasing new work from local emerging talent to internationally acclaimed companies. Three dedicated platforms (Signatures, Autograph and Biography) support artistic development at different career stages. The programme also includes a national conference, films, workshops, site-specific projects and performances. ## **LDIF+** LDIF+ is a year-round programme of continued professional development offering quality training in diverse dance techniques from around the world. Through conferences, workshops, masterclasses and courses with international practitioners, LDIF+ provides opportunities not widely available in the UK. ## **Black History Month and BHM Live** Serendipity, on behalf of Leicester City Council, coordinates Black History Month in the city each October. Trailblazing artists and activists from the African and African Caribbean diaspora take centre stage in a programme featuring film, theatre, dance, lectures and exhibitions. Serendipity's initiative BHM Live supports and highlights the work of emerging Black artists. In 2017 Serendipity marked 30 years of Black History Month with Lost Legends, a Heritage Lottery Funded project that recorded, documented and archived the contributions of Leicester's African and African Caribbean community to the UK over the last three decades. ## **Archiving the past, Reflecting the Future** Archiving the Past, Reflecting the Future is a heritage initiative that documents over a century of Black presence in the East Midlands that is often unrecognised, forgotten or ignored. Documenting the contribution of people from across the African and African Caribbean Diaspora to the region through archival documents, exhibitions and documentary films. ## **Windrush** Windrush is an annual lecture organised by Serendipity to occur each year on Windrush Day, 22 June. The 2021 lecture was delivered online by Dr Beverley Bryan. ## **American Embassy** continued... Page 19 **SERENDIPITY ARTISTS MOVEMENT LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **11. MOVEMENT IN FUNDS - continued** ## **Restricted funds - continued** The American Embassy awarded Serendipity a grant towards the costs of bringing a dance company, Ballet Hispanico, from the USA to perform in Leicester as part of LDIF22. ## **Unearthed: Hidden Histories** Unearthed: Hidden Histories is a project of Serendipity's to develop their archive of Black history and heritage and make it accessible online to a wide public nationally and internationally. ## **12. EMPLOYEE BENEFIT OBLIGATIONS** The charity operates a defined contribution pension scheme for the benefit of employees. The assets of the scheme are administered by trustees in a fund independent from those of the company. The total contributions paid in the year amounted to £7,752 (2021: £7,600). At the year end there were outstanding pension contributions of £1,244 (2021: £710). ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022 (2021 - Nil). Page 20 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**INCOME AND ENDOWMENTS**
**Donations and grants**
Donations
Grants
Government Grants
**Charitable activities**
Admissions
Book sales
Consultancy services
Sales
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Artist fees
Consultants/Freelancers
Exhibitions
Films
**Support costs**
**Finance**
Bank charges
**Other**
Wages
Pensions
Rent and rates
Insurance
Postage and stationery
Sundries
Donations
Subsistence and hospitality
Technical services
Visas/UKBA
Carried forward|2022
£
**24,467**
**419,952**
**-**
**444,419**
**4,231**
**5,933**
**2,324**
**3,902**
**16,390**
**460,809**
**24,782**
**8,575**
**2,854**
**16,726**
**52,937**
**310**
**108,167**
**7,752**
**16,392**
**1,001**
**5,233**
**10,071**
**4,039**
**1,459**
**3,222**
**-**
**157,336**|2021
£
1,422
294,176
1,632
297,230
5,583
8,815
16,443
764
31,605
328,835
45,339
10,242
-
378
55,959
207
106,141
7,601
22,823
891
1,263
2,033
-
1,059
5,227
889
147,927| |---|---|---| This page does not form part of the statutory financial statements Page 21 **SERENDIPITY ARTISTS MOVEMENT LIMITED** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**Other**
Brought forward
Venue hire
Computer costs
Subscriptions
Marketing and publications
Artists travel and accommodation
Professional fees
Research
Fixtures and fittings
Computer equipment
**Governance costs**
Independent exam
Total resources expended
**Net income**|2022
£
**157,336**
**1,119**
**6,139**
**1,257**
**28,075**
**4,990**
**6,215**
**2,326**
**7,685**
**384**
**215,526**
**3,812**
**272,585**
**188,224**|2021
£
147,927
-
3,795
2,358
36,115
777
5,500
-
9,996
482
206,950
3,636
266,752
62,083| |---|---|---| This page does not form part of the statutory financial statements Page 22