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2020-07-31-accounts

(Registered Charity No: 1162694)

www.subrangarts.co.uk Email : info@subrangarts.co.uk

ANNUAL REPORT 2019-20

Chair’s Preface

It gives me great pleasure to introduce the Annual Report of Subrang Arts for the year 2019/20

This has been a momentous year for us as we completed one of our major touring production ‘Shakuntala’ in time before the COVID crisis struck. As a leading south asian arts organisation in South London, we were able to successfully deliver this project which has enriched, engaged and entertained numerous communities. The positive influence on them by the virtue of their immersion into our activities has created stronger connections between people of all age groups. Despite the unprecedented COVID crisis we were able to adjust our activities and continued with our work virtually which is indeed a testament to the strength of our teachers, students and dedicated committee.

I am immensely proud of our Committee members and volunteers who provide an excellent service and support whenever called for. Their imagination, creativity, and dedication has enabled us to achieve greater resilience through stronger governance, increased management skills, fresh sources of expertise, advice and working in partnerships with other organisations.

Lata Desai (Chairperson)

__________________ REGISTERED ADDRESS: c/o Arts Development Office, The Old Court House, Throwley Way, Sutton SM1 4AF

Key Achievements in 2019/20

__________________ REGISTERED ADDRESS: c/o Arts Development Office, The Old Court House, Throwley Way, Sutton SM1 4AF

Overview Financial Statement for Year ending 31st July 2020 (Note 1)

£’s

RECEIPTS
Students Fees
Ticket Sales (Sita & other fund raising events)
Donations and Advertising
Grants and Awards (Note 2)
Miscellaneous receipts
LESS EXPENSES
Rental of School Premises and halls for rehearsals
Payments to Teachers
Functions/events Expenses (Note 3)
Other Expenses (Note 4)
Depreciation

3,905
3,173
30,879
965
3,836
9,083
16,873
774
38,550
23
65,303
42,758
Surplus/(Deficit)
22,545

Notes:

  1. This is a summarised version of the Annual Accounts. A full set of accounts is available on request via email, please email your request to: info@subrangarts.co.uk

  2. Grants and Awards include the National Heritage Fund Grant for Gujarat Brent project (£37,800) and the Jack Petchy Award (£750). An amount of £26,749 from these funds has been reserved for outstanding future commitments, mainly for the Gujarat Brent project (£26,549 ) and the remainder for young people’s projects (£200), and is included in “Restricted Funds” in the Statement of Assets and Liabilities as at 31 July 2020.

  3. Functions/Events expenses include £11,988 for Shakuntala, £11251 for the Gujarat Brent project, £3,980 for the LMP project, £2,900 for the Workshop Leader & Music Workshop and £750 for the Body Conditioning Workshop.

  4. Other Expenses £469 for Public Liability Insurance, £250 for catering for homeless, £90 for Accountancy fee and £156 for website maintenance.

__________________ REGISTERED ADDRESS: c/o Arts Development Office, The Old Court House, Throwley Way, Sutton SM1 4AF

SUBRANG ARTS

(CIO No. 1162694) Statement of Receipts and Payments Account for the year ended 31 July 2020

Notes 2019/20 2018/19
RECEIPTS
Students Fees for all classes 9083 11248
Ticket Sales :
- SHAKUNTALA Shows [incl CD Sales] 16683 22585
- Other Events (Workshops) 190 290
16873 22875
Donations & Advertising 1 774 950
Grants:
- Jack Petchy Award 750 1500
- AP Croydon Council Grant (for LMP Project) 0 2500
- Arts Council Grant (for LMP Project) 0 7200
- National Heritage Fund Grant (for Gujarat Brent project) 37800 0
- Awards for All Grant 0 7600
38550 18800
Bank Interest received 23 5
Other 0 0
TOTAL RECEIPTS 65303 53878
LESS EXPENSES
Rental of School Premises and halls for rehearsals and all classes 3905 7190
Payments to Teachers for all classes 3173 3527
Functions/events Expenses
- SHAKUNTALA Shows [incl CD Sales] 11998 18760
- Body Conditioning Workshop 750 0
- LMP Project 3980 1000
- Workshop Leader Payment & Music Wokshop (funded by "Awards for All") 2900 0
- Gujarat Brent Project 11251 0
- Fund Raising event 0 30879 350 20110
Advertisement/Postage & Printing 0 2028
Bank Charges & Interest 0 306
General Expenses 2 965 965 829 3163
Depreciation on Lighting & Comms System 3836 3836
TOTAL EXPENSES 42758 37826
SURPLUS / (DEFICIT) 22,545 16,052

Notes:

  1. 2019/20 amount is from donations only.

  2. 2019/20 "General Expenses" includes £469 for Public Liability Insurance, £250 for catering for homeless, £90 for accountant's fee and £156 for website maintenance..

SUBRANG ARTS
(CIO No. 1162694)
Statement of Assets and Liabilities as at 31 July 2020
2019/20 2018/19
£ £
Fixed Assets
Tangible Assets (Lighting & Comms System) 3522 7358
Current Assets
Cash at Bank and in hand 50,196 23,816
50,196 23,816
Creditors: Amounts falling due within 1 year 235 235
NET CURRENT (LIABILITIES) / ASSETS 49,961 23,581
TOTAL ASSETS LESS CURRENT LIABILITIES 53483 30940
Restricted Funds 31,469 17,439
Unrestricted Funds 22,014 13,501
Total Funds 53,483 30,940
Approved by the Trustees on 04 April 2021 and signed on their behalf by:
R G Khullar
TRUSTEE: ………………………………Ram Gopal Khullar
APPROVED BY:
Lata Desai
CHAIRPERSON ………………………………Lata Desai
TREASURER R G Khullar Gopal Khullar
……………………………………………………………………
ON 04-Apr-21
INTERNALLY REVIEWED BY KALPANA VASHEE Kalpana Vashee
ON 04-Apr-21 Kalpana Vashee

LEONAAD HOUSE NEWMAN ROAD ROMLEY KENT BR 1 l R J TFlpphon 4410120 8484 0131 F#¢$imile 4410120 8464 6018 ¢ranoandpartners.com Crane & Partners ¢HAHTEHEO ACCOLSNT AIITS Independent examiner's report to the Trustees of Subrgng Arts I report to th¢ charity tfU5tee5 on my eLqmination of the accounts of the Subrang Arts (the Charity) for the year ended 31 July 2020. Responsibilities and basis of report As the trustees of the Charily you are responsible for the preparation of the accounts in accordance with the requir¢m¢nts of the Charities Act 2011 ('the Act,). report in respect of my examination of the Charity's accounts Carried out under section 145 of the Act and in carying out my examination I have follow¢d all applicablc Directions given by the Charity Commission under section 145(5}(b) of the Aet. Independent examiner's statement I have completed my examination. I Collf￿ that no material matters have come to my attention in connection with the examination giving mc cause to believe that in any material respect: accounting records were not in respect of the Charity as required by section 130 of the Act.. or 2. the accounts do not ac¢oTd witli those records; or 3. the accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a true and fair view which is not a maller considered as part of an indep¢nd¢nt ¢xarnination. I confim] that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. am Atkin FCA Crane & Partners Chartered Accountants Leonard Hous¢ 5 - 7 Newman Road Bromley Kent BRI IRJ Date: . Pjrtngrs.. RJvmoDd T M¢Donègh FCA Gikham Atkin FCA