Charity no. 1166817
Bristol Pride
Report and Unaudited Financial Statements
30 September 2022
Bristol Pride
Reference and administrative details
For the period ended 30 September 2022
| Charity number | 1166817 | |
|---|---|---|
| Registered office | Kambe House | |
| 34 Portland Square | ||
| Bristol | ||
| BS2 8RG | ||
| Trustees | The trustees are who served during the period and up to the date of this | |
| report were as follows: | ||
| Carly Britton | (appointed 24 January 2023) | |
| Freddie Daw | ||
| Jayne Graham-McMorrow | ||
| Ross Oliver Harrison | ||
| Chief executive officer | Daryn Carter | |
| Bankers | HSBC | |
| Grosvenor Court | ||
| 149 Whiteladies Road | ||
| Bristol | ||
| BS8 2RR | ||
| Independent | Godfrey Wilson Limited | |
| examiners | Chartered accountants and | statutory auditors |
| 5th Floor Mariner House | ||
| 62 Prince Street | ||
| Bristol | ||
| BS1 4QD |
1
Bristol Pride
Report of the trustees
For the period ended 30 September 2022
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
Structure, governance and management
The charity is constituted as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales under registration number 1166817 and governed by its constitution dated 28 April 2016.
Trustees are appointed by election at formal meetings of existing trustees as laid out in the constitution. Three of the trustees were appointed at creation of the charity.
The Trustees are responsible for the strategic direction and charity oversight with the day to day management delegated to the directors. Major financial and strategic decisions will be made in consultation with the directors and the trustees.
The organisation had more structure and continued to grow sustainably with Eve Russell and Daryn Carter staying on as directors, Rebecca Ballard and Steph Champion remaining in post as Queer Vision Producer and Volunteer & Communities Manager.
In April 2022, Andrew Roberts resigned as Marketing Manager and Duchess Media were appointed on a short term contract to cover the festival till the directors had time to properly recruit and train a replacement which began in September 2022.
Recruitment was undertaken to appoint a Festival Coordinator to support the directors and Pride team with planning and delivery. Lois Barton was hired in May 2022.
The trustees are currently in the process of creating a pay structure for all employees.
Objectives and activities
Bristol Pride is a charity which campaigns for equality; challenges discrimination; creates opportunity for engagement and participation; celebrates lesbian, gay, bisexual and transgender life; and works to enrich and empower LGBT+ organisations, charities and communities in the Bristol Region.
Bristol Pride also works all year round to promote our aims and objectives, deliver a programme of schools’ engagement and, through Pride Day, offer the chance for many service providers to reach target markets, and enables the opportunity of support to the community through the Pride Day Community Area.
Bristol Pride delivers an annual programme of Lesbian, Gay, Bisexual and Trans (LGBT+) events in Bristol. This includes the LGBT History Month, World AIDS Day, events recognising International Day Against Homophobia, Biphobia and Transphobia (IDAHOT), Queer Vision Film Festival and the flagship Bristol Pride Festival which includes a week of events across a range of arts and culture and the annual Pride Weekend.
Bristol Pride have launched a Community Grant fund and during the year 11 new grants were awarded to 11 individuals, collectives, organisations or small charities to deliver projects to enhance or improve the lives of LGBT+ people in Bristol and the surrounding areas.
2
Bristol Pride
Report of the trustees
For the period ended 30 September 2022
Bristol Pride is run by a small team assisted by volunteers to deliver the charity's objectives to campaign for LGBT equality and challenge discrimination, create opportunities for engagement and participation and celebrate LGBT+ life.
Achievements and performance
2022 saw the return of the first full festival since the Covid-19 Pandemic after 2 years of interruption. Plans were put in place for two weeks of events in venues across the city followed by the return of the March and Pride Day Concert on Durdham Downs.
The two weeks of events featured 45 events. Highlights included the dog show which saw record numbers despite the rain, the comedy night featuring Jayde Adams and Rosie Jones at Arnolfini, a circus night at Circomedia. As well as returning events we had some new additions, such as the LGBT+ History Boat Tour and Drag Queen Bingo Boat Party.
Queer Vision Film Festival, returned with a full programme of films shown in person at the Watershed once again featuring Iris Prize selections, archive and feature films. We hosted an outdoor screening at Trinity Centre of Grease 2 with live performance and audience participation, which was not as popular as the 2021 event. This could be down to the film choice or increased programme of events now we are out of lockdown.
The Parade March made a grand return with Trans Pride Southwest at the front, following the usual route from Castle Park to the Amphitheatre and saw record participant numbers of around 20,000.
After a 2 year absence due to the Covid-19 Pandemic, Pride Day returned to our home on Durdham Downs with headliners Carly Rae Jepsen and Priyanka. The site was tweaked from 2019 but largely stayed the same. A new three year licence was granted for the event securing it till 2024.
All Covid-19 restrictions had been lifted so the event was able to operate as in previous years. The lasting Covid-19 impacts were around caution with some indoor events such as cinema screenings in which attendance was down on previous years. Festival industry supply chain and staffing issues pushed costs up significantly.
Public benefit
The trustees confirm their due regard for the Charity Commission Guidance on Public Benefit in reviewing Bristol Pride’s aims, objectives and activities undertaken, planning future strategy and setting policy.
Risk Management
Structures are in place to ensure that key risks are identified and mitigated. The trustees, CEO and Festival Director are responsible for risk management and the effectiveness of internal control systems. The key principle risk for the charity include:
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Funding - particularly around the annual festival which could be affected by adverse weather, acts of terror, or a pandemic. We work with the local authority and a Health & Safety consultant to develop in depth plans to mitigate risks to ensure we are as protected as possible and able to operate business as usual.
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Cash flow - this is more of a risk than in previous years. Prior to the pandemic, it was possible to pay the majority of the contractor fees after the festival had taken place, this is no longer the case with 90% of payments being required pre-event. The key mitigation for this is careful budget management, regular budget reviews and a robust reserves policy that ensures that these payments can be made.
3
Bristol Pride
Report of the trustees
For the period ended 30 September 2022
- Staffing levels - the charity has found it hard to retain staff over the last few years due to the pandemic and rising cost of living. Bristol Pride pay competitive rates and the leadership team is working on putting a good structure and policies in place to ensure Bristol Pride is a good place to work, with a plan to increase the team size over the next few years to add resilience.
Fundraising
All fundraising is raised by Bristol Pride directly or by smaller organisations on its behalf, no commercial fundraising services are used and no complaints have been raised.
Plans for future periods
Future plans include continuing to grow and develop the activities in a responsible and sustainable way. Plans for the 2023 Festival are currently underway, numerous debrief conversations have been had around the 2022 event to tweak and improve the festival, for example improvements on the gate management to improve public ingress and improvements to accessibility resources. Resources are being invested into the team with HR policies being created as the charity grows.
Financial review
As with previous years the majority of income and expenditure was to be generated around the July festival.
Costs for delivering Pride 2022 rose significantly compared to the 2019 festival. This is down to several factors: inflation over the three-year period, transport costs rose significantly due to fuel prices and the Covid-19 pandemic's effect on the festival industry supply chain also impacted costs with suppliers and staff having to increase rates. Costs rose as much as 30% in some areas.
Income and expenditure during the period:
| ome and expenditure during the period: Total income: Total expenditure: Net income |
30 Sept 22 £ £548,964 (£460,436) £88,528 |
31 Mar 22 £ £199,545 (£134,225) |
|---|---|---|
| £65,320 |
Reserves policy
Unrestricted general reserves held at 31 March 2022 are £324,944, with an additional £10,000 designated to the community fund. The unrestricted funds are aimed to be kept at a minimum of £250,000, to ensure that a good number of bills relating to the festival can be covered in the event of a cancellation or adverse weather affecting on the day attendance, bar sales or similar, and to ensure that there are sufficient funds held to cover overheads during the winter, such as office space, staff costs, artist and contractor deposits.
The trustees acknowledge the current reserves are in excess of the policy, this is due to generous donations throughout the pandemic and the 2022 festival exceeding budgeted expectations. The surplus will be reinvested into the 2023 festival with an aim to improve the festival year on year to provide a better event for the community. Costs for delivering the festival for 2023 will increase further due to ongoing supply chain issues as a result of the Covid-19 pandemic on the festival and events industry. The trustees also expect artists costs to increase significantly from 2022, as the majority of artists fees were rolled forward from the 2020 festival.
4
Bristol Pride
Report of the trustees
For the period ended 30 September 2022
Statement of responsibilities of the trustees
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees are to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the period. In preparing those financial statements the trustees are
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Independent examiners
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the period and have expressed their willingness to continue in that capacity.
Approved by the trustees on 19 May 2023 and signed on their behalf by
Freddie Daw Trustee
5
Independent examiner's report
To the trustees of
Bristol Pride
I report to the trustees on my examination of the accounts of Bristol Pride (the CIO) for the period ended 30 September 2022, which are set out on pages 7 to 20.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
Godfrey Wilson Limited also provides payroll services to the CIO. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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(1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or (2) the accounts do not accord with those records; or
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(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Date: 19 May 2023
Rob Wilson FCA Member of the ICAEW
For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
6
Bristol Pride
Statement of financial activities
For the period ended 30 September 2022
| Restricted Unrestricted Note £ £ Income from: Donations (inc. grants) 3 5,000 61,461 Charitable activities 5 - 202,043 Other trading activities 6 - 280,392 Investments - 68 Total income 5,000 543,964 Expenditure on: Raising funds - 3,387 Charitable activities 5,000 452,049 Total expenditure 7 5,000 455,436 Net income and movement in funds 9 - 88,528 Reconciliation of funds: Total funds brought forward - 246,416 Total funds carried forward - 334,944 |
6 months Year ended to 30 Sept 31 Mar 2022 2022 Total Total £ £ 66,461 158,445 202,043 21,093 280,392 20,000 68 7 548,964 199,545 3,387 5,896 457,049 128,329 460,436 134,225 88,528 65,320 246,416 181,096 334,944 246,416 |
6 months Year ended to 30 Sept 31 Mar 2022 2022 Total Total £ £ 66,461 158,445 202,043 21,093 280,392 20,000 68 7 548,964 199,545 3,387 5,896 457,049 128,329 460,436 134,225 88,528 65,320 246,416 181,096 334,944 246,416 |
|---|---|---|
| 199,545 | ||
| 5,896 128,329 |
||
| 134,225 | ||
| 65,320 181,096 |
||
| 246,416 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16 to the accounts.
7
Bristol Pride
Balance sheet
As at 30 September 2022
| Note Current assets Debtors 12 Cash at bank and in hand Liabilities Creditors: amounts falling due within 1 year 13 Net current assets Net assets 15 Funds 16 Restricted funds Unrestricted funds Designated funds General funds Total charity funds |
£ 9,571 410,572 420,143 85,199 |
30 Sept 2022 £ 334,944 334,944 - 10,000 324,944 334,944 |
31 Mar 2022 £ 84,955 208,886 |
|---|---|---|---|
| 293,841 47,425 |
|||
| 246,416 | |||
| 246,416 | |||
| - - 246,416 |
|||
| 246,416 |
Approved by the trustees on 19 May 2023 and signed on their behalf by
Freddie Daw Trustee
8
Bristol Pride
Statement of cash flows
For the year ended 30 September 2022
| Cash used in operating activities: Net movement in funds Adjustments for: Dividends, interest and rents from investments Decrease / (increase) in debtors Increase / (decrease) in creditors Net cash provided by / (used in) operating activities Cash flows from investing activities: Dividends, interest and rents from investments Net cash provided by / (used in) investing activities Increase / (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
30 Sept 2022 £ 88,528 (68) 75,384 37,774 201,618 68 68 201,686 208,886 410,572 |
31 Mar 2022 £ 65,320 (7) (51,414) 41,321 |
|---|---|---|
| 55,220 | ||
| 7 | ||
| 7 | ||
| 55,227 153,659 |
||
| 208,886 |
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
9
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Bristol Pride meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves of £334,944. There are no material uncertainties about the charity's ability to continue as a going concern.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the Bristol Pride Festival is deferred until criteria for income recognition are met.
d) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
e) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
10
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
1. Accounting policies (continued)
f) Funds accounting
- Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Grants payable
Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).
i) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities in the same proportions as direct costs:
| 30 Sept | 31 Mar | |
|---|---|---|
| 2022 | 2022 | |
| Raising funds | 5.9% | 5.9% |
| Charitable activities | 94.1% | 94.1% |
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
l) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
11
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
1. Accounting policies (continued)
m) Financial instruments
- The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
n) Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
2. Statement of financial activities: prior period comparatives
| Income from: Donations Charitable activities Other trading activities Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income / (expenditure) and movement in funds |
Restricted Unrestricted Total £ £ £ 72,093 86,352 158,445 - 21,093 21,093 - 20,000 20,000 - 7 7 72,093 127,452 199,545 - 5,896 5,896 75,023 53,306 128,329 75,023 59,202 134,225 (2,930) 68,250 65,320 31 Mar 2022 Year ended |
Restricted Unrestricted Total £ £ £ 72,093 86,352 158,445 - 21,093 21,093 - 20,000 20,000 - 7 7 72,093 127,452 199,545 - 5,896 5,896 75,023 53,306 128,329 75,023 59,202 134,225 (2,930) 68,250 65,320 31 Mar 2022 Year ended |
|---|---|---|
| 199,545 | ||
| 5,896 128,329 |
||
| 134,225 | ||
| 65,320 |
12
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
3. Income from donations
| Donations Grants Total income from donations Prior period comparative Donations Sponsorship Grants Total income from donations |
6 months to 30 Sept 2022 Restricted Total £ £ £ - 53,861 53,861 5,000 7,600 12,600 5,000 61,461 66,461 Year ended 31 Mar 2022 Restricted Total £ £ £ - 6,552 6,552 - 64,600 64,600 72,093 15,200 87,293 72,093 86,352 158,445 Unrestricted Unrestricted |
6 months to 30 Sept 2022 Restricted Total £ £ £ - 53,861 53,861 5,000 7,600 12,600 5,000 61,461 66,461 Year ended 31 Mar 2022 Restricted Total £ £ £ - 6,552 6,552 - 64,600 64,600 72,093 15,200 87,293 72,093 86,352 158,445 Unrestricted Unrestricted |
|---|---|---|
| 158,445 |
4. Government grants
The charity receives government grants, defined as funding from Bristol City Council (March 2022: Bristol City Council and Arts Council England) to fund charitable activities. The total value of such grants in the period ending 30 September 2022 was £7,600 (Year ended 31 March 2022: £86,093).
5. Income from charitable activities
| Income from charitable activities | ||
|---|---|---|
| Festival tickets and wristbands Parade Community stalls Total income from charitable activities |
6 months to Year ended 31 Mar 2022 Restricted Total Total £ £ £ £ - 178,773 178,773 21,093 - 15,250 15,250 - - 8,020 8,020 - - 202,043 202,043 21,093 30 Sept 2022 Unrestricted |
|
| 21,093 |
All income from charitable activities in the prior period was unrestricted.
13
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
6. Income from other trading activities
| Income from other trading activities | ||||
|---|---|---|---|---|
| 6 months to | Year ended | |||
| 30 Sept 2022 | 31 Mar 2022 | |||
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Festival sponsorship | - | 90,400 | 90,400 | 20,000 |
| Market stalls | - | 16,889 | 16,889 | - |
| Bar | - | 173,103 | 173,103 | - |
| Total income from other trading activities | - | 280,392 | 280,392 | 20,000 |
All income from other trading activities in the prior period was unrestricted.
7. Total expenditure
| Staff costs (note 10) Other staff costs Office costs Grants payable (note 8) Advertising and marketing Artist fees Event management costs Other event costs Accountancy Sub-total Total expenditure Allocation of support and governance costs |
Raising funds £ 2,404 - - - - - - - - 2,404 983 3,387 |
Charitable activities £ £ 38,466 7,212 - 2,698 - 5,166 4,144 - 17,396 - 105,289 - 69,652 - 206,380 - - 1,629 441,327 16,705 15,722 (16,705) 457,049 - Support and governance costs |
£ 48,082 2,698 5,166 4,144 17,396 105,289 69,652 206,380 1,629 6 months to 30 Sept 2022 Total |
|---|---|---|---|
| 460,436 - |
|||
| 460,436 |
Total governance costs were £1,350 (31 March 2022: £1,260)
14
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
7. Total expenditure (continued) Prior period comparative
| Prior period comparative Staff costs (note 10) Other staff costs Office costs Advertising and marketing Artist fees Event management costs Other event costs Accountancy Sub-total Total expenditure Allocation of support and governance costs |
Raising funds £ 4,393 - - - - - - - 4,393 1,503 5,896 |
Charitable activities £ £ 70,295 13,180 - 2,187 - 7,523 11,584 - 11,060 - 4,350 - 6,988 - - 2,665 104,277 25,555 24,052 (25,555) 128,329 - Support and governance costs |
£ 87,868 2,187 7,523 11,584 11,060 4,350 6,988 2,665 Year ended 31 Mar 2022 Total |
|---|---|---|---|
| 134,225 - |
|||
| 134,225 |
8. Grants payable
During the period, 11 new grants were awarded to 9 institutions and 2 individuals to deliver projects to enhance or improve the lives of LGBT+ people in Bristol and the surrounding areas.
| 6 months to | Year ended | |
|---|---|---|
| 30 Sept | 31 Mar 2022 |
|
| £ | £ | |
| Grants payable to institutions: | ||
| Transcaf | 744 | - |
| Trans Pride Southwest | 500 | - |
| Rough Sketch Productions | 500 | - |
| Grants < £500 | 1,700 | - |
| 3,444 | - | |
| Grants payable to individuals | 700 | - |
| 4,144 | - |
15
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
9. Net movement in funds This is stated after charging:
| 6 months to £ Trustees' remuneration Nil Trustees' reimbursed expenses Nil Independent examiners' remuneration: Independent examination (excluding VAT) 1,350 Other services (excluding VAT) 233 30 Sept 2022 |
Year ended 31 Mar 2022 £ Nil Nil 1,260 1,081 |
|---|---|
10. Staff costs and numbers
Staff costs were as follows:
| 6 months to £ Gross salaries 22,629 Pension costs 263 Freelance staff 25,190 48,082 30 Sept 2022 |
Year ended 31 Mar 2022 £ 47,231 442 40,195 |
|---|---|
| 87,868 |
No employee earned more than £60,000 during the period.
The key management personnel of the charity comprise the Trustees, the Chief Executive Officer and the Festival Director. The total employee benefits of the key management personnel for the period ended 30 September 2022 were £24,732 (Year to 31 March 2022: £42,443)
| No. Average head count 2.17 30 Sept 2022 |
31 Mar 2022 No. 2.83 |
|---|---|
16
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
11. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
12. Debtors
| £ Trade debtors 5,528 Accrued income 1,605 Prepayments 2,438 VAT - 9,571 Creditors: amounts due within 1 year £ Trade creditors 10,902 Accruals 25,775 Deferred income (see note 14) - Taxation and social security 48,226 Other creditors 296 85,199 Deferred income £ At 1 April 2022 19,096 Deferred during the period - Released during the period (19,096) At 30 September 2022 - 30 Sept 2022 30 Sept 2022 30 Sept 2022 |
31 Mar 2022 £ 24,014 - 57,681 3,260 |
|---|---|
| 84,955 | |
| 31 Mar 2022 £ 23,220 1,260 19,096 2,174 1,675 |
|
| 47,425 | |
| 31 Mar 2022 £ - 19,096 - |
|
| 19,096 |
13. Creditors: amounts due within 1 year
14. Deferred income
Deferred income relates to income received in advance for the Bristol Pride Festival which takes place over the summer.
17
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
| 15. Analysis of net assets between funds Restricted funds £ Current assets - Current liabilities - Net assets at 30 September 2022 - Prior year comparative Current assets Current liabilities Net assets at 31 March 2022 |
Designated funds £ 10,000 - 10,000 £ - - - Restricted funds |
General funds £ 410,143 (85,199) 324,944 General funds £ 293,841 (47,425) 246,416 |
Total funds £ 420,143 (85,199) |
|---|---|---|---|
| 334,944 | |||
| Total funds £ 293,841 (47,425) |
|||
| 246,416 |
18
Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
16. Movements in funds
| Restricted funds BFI fan exhibition Total restricted funds Designated funds Community fund General funds Total unrestricted funds Total funds Unrestricted funds |
At 1 April 2022 £ - - - 246,416 246,416 246,416 |
Income £ 5,000 5,000 - 543,964 543,964 548,964 |
£ (5,000) (5,000) - (455,436) (455,436) (460,436) Expenditure |
Transfers between funds £ - - 10,000 (10,000) - - |
£ - At 30 September 2022 |
|---|---|---|---|---|---|
| - | |||||
| 10,000 324,944 |
|||||
| 334,944 | |||||
| 334,944 |
Purposes of restricted funds
BFI fan exhibition
This covers the costs for the Queer vision film festival.
Purposes of designated funds
Community fund
To fund projects to enhance or improve the lives of LGBT+ people in Bristol and the surrounding areas.
| Prior period comparative Restricted funds ACE - Culture Recovery fund University of Bristol BFI fan exhibition Total restricted funds General funds Total unrestricted funds Total funds Unrestricted funds |
At 1 April 2021 £ - - 2,930 2,930 178,166 178,166 178,166 |
Income £ £ £ 70,893 (70,893) - 1,200 (1,200) - - (2,930) - 72,093 (75,023) - 127,452 (59,202) 246,416 127,452 (59,202) 246,416 199,545 (134,225) 246,416 Expenditure At 31 March 2022 |
Income £ £ £ 70,893 (70,893) - 1,200 (1,200) - - (2,930) - 72,093 (75,023) - 127,452 (59,202) 246,416 127,452 (59,202) 246,416 199,545 (134,225) 246,416 Expenditure At 31 March 2022 |
|---|---|---|---|
| - | |||
| 246,416 | |||
| 246,416 | |||
| 246,416 |
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Bristol Pride
Notes to the financial statements
For the period ended 30 September 2022
17. Related party transactions
There were no related party transactions in the current or prior periods.
18. Current accounting period
The accounting period was from 1 April 2022 to 30 September 2022. Comparative information is provided for the year to 31 March 2022 and is therefore not directly comparable.
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