## **Black Heroes Foundation** ## **Charity No. 1169616** ## **Trustees' Report and Unaudited Accounts** **31 July 2023** **Black Heroes Foundation Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 10| |Independent Examiner's Report|11| |Statement of Financial Activities|12| |Balance Sheet|13| |Statement of Cash flows|20| |Notes to the Accounts|14 to 19| |Detailed Statement of Financial Activities|21 to 22| Page 1 **Black Heroes Foundation Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2023. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1169616** ## **Principal Office** 16 South End Croydon CR0 1DN ## **Trustees** The following trustees served during the year: J. Fraser E. Grant C.M. Jackson M.K. King ## **Key Management Personnel** Chair Joyce Fraser Treasurer Claire Jackson ## **Accountants** Borasana Limited 55 Jasmine Grove London SE20 8JY ## **OBJECTIVES AND ACTIVITIES** ## **The objects of the charity Black Heroes Foundation (BHF) are:** 1)the advancement of education of the public in general, on the subject of Black History, especially but not exclusively Black Heroes and their achievements, through the development and provision of educational resources, 2)the promotion of equality & diversity for the public benefit by engaging the community through the arts and education in the celebration of Black Heroes and their achievements; and 3) the promotion of social inclusion for the public benefit, by providing artistic training and development to people particularly but not exclusively for living in urban communities. Aimed at encouraging those at risk from social exclusion to gain experience in an art form that may bring them future employment. Page 2 ## **Black Heroes Foundation** ## **Trustees Annual Report** ## **What we do:** We open up and make creative spaces available for inclusive artistic expression, exploring the historical and contemporary presence of Black Britons in Britain and local communities, facilitating cultural enquiry and celebrating the significant contributions to humanity by peoples of Africa and the African diaspora. We produce live cultural events programmes that facilitate creative collaborations between a range of cultural practitioners including historians, social researchers and performing, visual and digital artists. _**The main activities undertaken in relation to those purposes during the year Aug 2022 – Jul 2023:**_ 1. **Black Heroes Soul Food Café** – Continued the award-winning Black Heroes Soul Food Café as a monthly event for the Windrush generation, including a combination of Face-to-Face and online events. Consisting of community building and engagement activities including singing, dance and visiting guests of interest to the Windrush generation. Black Heroes Soul Food Café at Wonderville, Haymarket, Piccadilly https://youtu.be/nlftG45UDf0 Black Heroes Soul Food Cafe, Battersea Arts Centre: https://youtu.be/sBWX45Y66po 3 **Black Heroes Foundation** ## **Trustees Annual Report** Black Heroes Soul Food Cafe, Battersea Arts Centre - What they said: https://youtu.be/AGe9l0D3KdI 2. **Black History Month October 2022 - The Story of Claudia Jones** – The Story of Claudia Jones seeks to empower and inform its audiences and increase wider public appreciation of Black history and culture, and in particular the important role and influence on British culture that Claudia Jones has had. It is youth and community focused and aims to encourage audiences of all social and cultural backgrounds. We were invited to perform the play at Canada Water Theatre as part of 2022 Black History Month. BHM 22: The Story of Claudia Jones - What the audience had to say: https://youtu.be/bWFeyQIVgDo 3. **Black Heroes and Our Wandsworth Youth – Feb 2023** A workshop held at Wandsworth Youth Club, BASE Roehampton, exploring Black Heroes. Black Heroes Foundation in collaboration with Wandsworth Youth Services at the BASE youth club, Roehampton in February 2023. BHF curated an explorative workshop looking at the contributions of Black heroes to the community. E.g., John Archer, 1st black Mayor in London; Claudia Jones activist, 1st West Indian Carnival in London; Sam King WW11 veteran, founder of Windrush Foundation; and other heroes the youth chose to explore. 4 **Black Heroes Foundation** ## **Trustees Annual Report** Overview of Black Heroes and Our Wandsworth Youth Workshop https://youtu.be/wZfAdOtSAqc 4. **Wandsworth Arts Fringe Festival Going Places – June 2023 – Celebration of John Archer in Wandsworth Schools and Exhibition at Battersea Arts Centre** - Black Heroes Foundation produced a series of events at Wandsworth libraries focused on telling the story of London’s first Black Mayor, John Archer, who became Mayor of Battersea in 1913. These events were part of Wandsworth Arts Fringe Festival - Going Places, and celebrated Windrush 75 Wandsworth libraries hosted the workshops for local schools, where children tried writing and presenting an inaugural speech for a mayor, creating drawings and paintings, and writing newspaper articles in response to John Archer’s life. The children’s work was displayed on 17 June, at the award-winning Black Heroes Soul Food Café . The Story of John Archer exhibition was displayed, together with a reading from The Story of John Archer. John Archer – Children as Mayor for a Day: Part of WAF 23 Going Places: https://youtu.be/b6WRcKGIvXk The Story of John Archer - **Overview** of a Reading and exhibition. Part of WAF23 https://youtu.be/tgOTseZf0vg 5 ## **Black Heroes Foundation Trustees Annual Report** The Story of John Archer, a **Reading** . What the Audience Said: Battersea Arts Centre, part of - WAF23 https://youtu.be/ wiHwUKUyfs 5. **Reading: The Story of Flip Fraser: A Windrush Story – 22 June 2023 Battersea Arts Centre** Performed at Battersea Arts Centre, as part of Wandsworth Arts Fringe Festival 22 June 2023, celebrating Windrush 75. A Jamaican boy fights the struggles of the Windrush era, and with his lifelong mission, gives a Voice to Black Youth launching the Voice newspaper at the 1982 Notting Hill Carnival, and taking his iconic musical show ‘Black Heroes in Hall of Fame – 5,000 years of Black History in one night of theatre’ around the UK, the United States and to the Caribbean. The Story of Flip Fraser - **Overview** of a Reading and exhibition. Part of WAF23 https://youtu.be/H1b304OzB3c The Story of Flip Fraser: A Windrush Story - **What they said** . Battersea Arts Centre 22 Jun WAF23 https://youtu.be/GCfaiRSWNAY 6. **Reading: The Story of Flip Fraser: A Windrush Story – 30 June 2023 Omnibus Theatre** This was the first project that BHF have conducted in Lambeth. It was an important step in 6 **Black Heroes Foundation** ## **Trustees Annual Report** the Black Heroes Foundation journey, forming a relationship with Lambeth, which is a fundamental part of Black Culture in England, and the location of The Voice Newspaper HQ, the paper for which Flip Fraser was the first editor. The Story of Flip Fraser: A Windrush Story. A Reading at the Omnibus Theatre: **An Overview** https://youtu.be/rFgCTOnBqtQ The Story of Flip Fraser: A Windrush Story. A Reading at the Omnibus Theatre: What the **Audience Said** https://youtu.be/rmFwQIBzfks ## _**The Charity’s strategies for achieving its aims and objectives in the future:**_ - Increase income generation through applications for project and core funding from Trusts, Foundations, local authority funding sources and statutory/Lottery organisations. - Production of a new play telling The Story of Flip Fraser. - Audience engagement planning to expand our reach, both online and face to face, including development of community-based partnerships for social prescription referrals. - Development of evaluation frameworks as an evidence base for our work. ## _**The contribution of volunteers during the year:**_ - During the year 2022/23 we have relied on the contribution of volunteers who give freely of their time amounting to approximately 50 days. ## _**Fundraising activities for 2022/23:**_ We raised funds from applications to Trusts & Foundation grants; together with funds, commissions and donations received from: 7 **Black Heroes Foundation** ## **Trustees Annual Report** - Facebook - PayPal Charity donations - Individual donations ## **Principal funding sources in the year and how these supports the key objectives of the charity.** Principal funding sources are detailed in the accounts, but in brief include Wandsworth Council, Arts Council England, and National Lottery Community Fund Awards for All. They funded activities such as virtual events, and creation of exhibitions which all contribute to 1) education of the public in Black History, 2) engaging the community in the celebration of Black Heroes through Arts and 3) promotion of social inclusion and equality & diversity, for those in urban environments and at risk of social exclusion. - **The National Lottery Fund Awards for All** – supported _**Black Heroes Soul Food Café**_ - **Wandsworth Council** – Supported the _**reading of The Story of Flip Fraser at Battersea Arts Centre, Celebration of John Archer in Wandsworth Schools and Exhibition at Battersea Arts Centre, The Story of John Archer, a Reading. What the Audience Said: Battersea Arts Centre, School Children as Mayor for a Day: Part of WAF 23 Going Places**_ - **MAGIC LITTLE GRANTS** – supported _**Black Heroes Soul Food Café**_ - **BAYO** – supported _**Black Heroes and Our Wandsworth Youth**_ - **LAMBETH Council, Brixton Project** – Supported the _**reading of The Story of Flip Fraser at Omnibus theatre**_ . ## **Structure, governance, and management of the charity** ## _**The methods used to recruit and appoint new charity trustees**_ When new or additional trustees are required people with specialist skills, including beneficiaries or organisations, would be invited to submit nominations and subject to their compliance with the Memorandum and Articles of Association they would be considered by the governing body of the trustees for election. ## _**The policies and procedures for the induction and training of trustees**_ Prior to being elected nominees would be invited to attend a trustees’ meeting as well as having an introductory meeting with the Chair of the Charity to receive more information about the Charity itself, regarding the contents of the work of a trustee. ## _**The charity’s organisational structure**_ In the year under review the Charity had three trustees all of whom are volunteers and who met together regularly in order to manage major events, as well as the holding of 4 formal board 8 ## **Black Heroes Foundation** ## **Trustees Annual Report** meetings. The trustees have overall control and responsibility for policy and major decision making. All directors are trustees. Day to day management and responsibility for implementing policies is carried out by the trustees. ## _**The Charity as part of a wider network**_ The Charity has no responsibility for nor is it answerable to any other organisation. The trustee’s bankers and advisors Bankers _**Metro Bank Plc**_ , One Southampton Row, London, WC1B 5HA _**Santander**_ , Bridle Road, Bootle, L30 4GB Advisors n/a ## **Respective responsibilities of trustees** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. ## **Financial Review** ## **Policy on reserves** The charity held unrestricted reserves of £4,300 at 31st July 2023. The Trustees aim to increase the unrestricted reserves to enable the Charity to demonstrate long-term sustainability. The trustees confirm they are satisfied that the charity is a going concern. ## **Risk and uncertainty** In terms of finances the biggest single risk Black Heroes Foundation faces is raising the finances required to achieve the aims and objectives of the charity. However, by the continuous review of a Risk Register the trustees of Black Heroes Foundation are constantly seeking to secure funding to the sustainability of the Charity plus all other legal, operational or financial risks to which the Charity could be exposed. At the point of writing this report (Jan 2024), the charity is still recovering from the impact of the pandemic, and Trustee health issues, and the cost of living crisis. 9 **Black Heroes Foundation** ## **Trustees Annual Report** ## **Method of preparation of accounts** The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) ## **Approval of this report** We are satisfied that this represents a true and fair view of the financial position of Black Heroes Foundation. This report was approved at the by the Board of Trustees on 11th February 2024. ## **Signed on behalf of the trustees:** > Joyce Fraser (Feb 23, 2024 17:28 GMT) ~~Joyce Fraser~~ Claire Jackson (Feb 24, 2024 10:48 GMT) Claire Jackson Chair Treasurer 10 **Black Heroes Foundation Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Black Heroes Foundation** I report to the trustees on my examination of the financial statements of Black Heroes Foundation for the year ended 31 July 2023. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements 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** I have completed my examination. I can 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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. Orvil Plummer ACCA Borasana Limited 55 Jasmine Grove London Type text here SE20 8JY 11 February 2024 Page 11 **Black Heroes Foundation Statement of Financial Activities** ## **for the year ended 31 July 2023** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
**Total**
**Expenditure on:**
Charitable activities
5
Other
6
**Total**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**| |---|---|---|---|---|---| |||**2023**|**2023**|**2023**|**2022**| |||**£**|**£**|**£**|**£**| ||||||| |||8,756|-|8,756|5,966| |||5,752|36,322|42,074|36,183| |||14,508|36,322|50,830|42,149| ||||||| |||-|29,996|29,996|51,079| |||10,319|8,412|18,731|13,030| |||10,319|38,408|48,727|64,109| |||-|-|-|-| |||4,189|(2,086)|2,103|(21,960)| |||(10,736)|10,736|-|-| |||(6,547)|8,650|2,103|(21,960)| ||||||| |||(6,547)|8,650|2,103|(21,960)| ||||||| |||10,847|(10,736)|111|22,071| |||4,300|(2,086)|2,214|111| ||||||| ||||||| ||||||| Page 12 **Black Heroes Foundation Balance Sheet** **at 31 July 2023** |**Charity No. 1169616**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
8
**Net current assets**
**Total assets less current liabilities**
**Creditors:**Amounts falling due after more than one year
9
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
10
Restricted income funds
**Unrestricted funds**
10
General funds
**Reserves**
10
**Total funds**|**2023**
**£**
16,164
16,164
(2,800)
13,364
13,364
(11,150)
2,214
2,214
(2,086)
(2,086)
4,300
4,300
2,214|**2022**
**£**
11,261| |---|---|---| |||11,261
-| |||11,261
11,261
(11,150)| |||111| |||111| |||(10,736)| |||(10,736)
10,847| |||10,847| |||111| Approved by the trustees on 11 February 2024 And signed on their behalf by: > Joyce Fraser (Feb 23, 2024 17:28 GMT) J. Fraser Trustee 11 February 2024 Page 13 **Black Heroes Foundation Notes to the Accounts** ## **for the year ended 31 July 2023** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 14 **Black Heroes Foundation Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Trade and other 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. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other 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. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 15 **Black Heroes Foundation** **Notes to the Accounts** 2 **Statement of Financial Activities - prior year** |2
**Statement of Financial Activities - prior year**||||| |---|---|---|---|---| |**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations and gifts
4
**Income from charitable activities**
Corporate Projects
General grants provided by
government/other charities
Ticket Sales|**Unrestricted**
**£**
3,550
-
2,202
5,752|**Unrestricted**
**funds**
**2022**
**£**
5,966
7,279
13,245
1,352
5,560
6,912
6,333
6,333
6,333
4,514
10,847
**Unrestricted**
**£**
8,756
8,756
**Restricted**
**£**
-
36,322
-
36,322|**Restricted**
**funds**
**2022**
**£**
-
28,904
28,904
49,727
7,470
57,197
(28,293)
(28,293)
(28,293)
17,557
(10,736)
**Total**
**2023**
**£**
8,756
8,756
**Total**
**2023**
**£**
3,550
36,322
2,202
42,074|**Total funds**
**2022**
**£**
5,966
36,183| |||||42,149
51,079
13,030| |||||64,109| |||||(21,960)| |||||(21,960)| |||||(21,960)
22,071| |||||111| |||||**Total**
**2022**
**£**
5,966| |||||5,966| |||||**Total**
**2022**
**£**
4,010
30,155
2,018| |||||36,183| Page 16 **Black Heroes Foundation** **Notes to the Accounts** - 5 **Expenditure on charitable activities** |_Expenditure on charitable_
_activities_
Corporate Projects
General grants provided by
government/other charities
_Governance costs_
6
**Other expenditure**
**Unrestricted**
**£**
Employee costs
1,830
Motor and travel costs
930
Premises costs
2,996
General administrative costs
2,491
Legal and professional costs
2,072
10,319
7
**Staff costs**
Salaries and wages
No employee received emoluments in excess of £60,000.
8
**Creditors:**
amounts falling due within one year
Accruals
9
**Creditors:**
amounts falling due after more than one year
Other loans|**Unrestricted**
**£**
1,830
930
2,996
2,491
2,072
10,319
of £60,000.|**Restricted**
**£**
-
29,996
29,996
**Restricted**
**£**
-
131
1,026
5,617
1,638
8,412
**2023**
1,830
1,830
**2023**
**£**|**Total**
**2023**
**£**
-
29,996
29,996
**Total**
**2023**
**£**
1,830
1,061
4,022
8,108
3,710
18,731|**Total**
**2022**
**£**
51,079
-| |---|---|---|---|---| |||||51,079| |||||**Total**
**2022**
**£**
-
442
676
8,763
3,149| |||||13,030| |||||**2022**
-| |||||-| |||||**2022**
**£**| |||2,800||-| |||2,800
**2023**
**£**
11,150
11,150||-| |||||**2022**
**£**
11,150| |||||11,150| Page 17 **Black Heroes Foundation Notes to the Accounts** ## 10 **Movement in funds** |**Movement in funds**|||||| |---|---|---|---|---|---| ||**At 1 August**
**2022**
(10,736)
-
-
-
-
-
-
-
(10,736)
10,847
111|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
500
1,900
3,000
9,997
8,000
2,975
9,950
-
36,322
14,508
50,830|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
10,736
-
-
-
-
-
-
-
10,736
(10,736)
-|**At 31 July**
**2023**
**£**
(17)
(37)
(254)
350
401
50
(421)
(2,158)| |**Restricted funds:**
**Restricted income funds:**
Magic Little Grants
Bayo
Lambwin
TNLF
WAF Going Places
Wands BHM22
WGF 21
Heritage Lottery BHM21 John
Archer
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|||||| ||||(517)||| ||||(1,937)||| ||||(3,254)||| ||||(9,647)||| ||||(7,599)||| ||||(2,925)||| ||||(10,371)||| ||||(2,158)||| ||||(38,408)
(10,319)
(48,727)||| ||||||(2,086)| ||||||4,300| ||||||2,214| Purposes and restrictions in relation to the funds: Restricted funds: Magic Little Grants Bayo Lambwin TNLF WAF Going Places Wands BHM22 WGF 21 Heritage Lottery BHM21 John Archer ## 11 **Analysis of net assets between funds** |Net current assets
Creditors due in more than one year and
provisions|**Unrestricted**
**funds**
**£**
13,364
(11,150)
2,214|**Total**
**£**
13,364
(11,150)| |---|---|---| |||2,214| Page 18 **Black Heroes Foundation Notes to the Accounts** ## 12 **Reconciliation of net debt** |Cash and cash equivalents
Borrowings
Net debt|**At 1 August**
**2022**
**£**|**Cash flows**
**£**|**At 31 July**
**2023**
**£**| |---|---|---|---| ||11,261|4,903|16,164| ||11,261
(11,150)|4,903|16,164
(11,150)| |||-|| ||(11,150)
111|-
4,903|(11,150)| ||||5,014| ||||| Page 19 **Black Heroes Foundation Statement of Cash flows for the year ended 31 July 2023** |**Cash flows from operating activities**
**Net income/(expenditure) per Statement of Financial Activities**
**Adjustments for:**
Increase/(Decrease) in trade and other payables
**Net cash provided by/(used in) operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2023**
**£**
2,103
2,800
4,903
-
-
4,903
11,261
16,164|**2022**
**£**
(21,960)
(6,150)| |---|---|---| |||(28,110)| |||-| |||| |||4,682| |||| |||(23,428)| |||34,689| |||11,261| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|16,164|11,261| |||| ||16,164|11,261| Page 20 **Black Heroes Foundation Detailed Statement of Financial Activities** ## **for the year ended 31 July 2023** |**Income and endowments from:**
Donations and legacies
Donations and gifts
Charitable activities
Corporate Projects
General grants provided by
government/other charities
Ticket Sales
**Total income and endowments**
**Expenditure on:**
Charitable activities
Corporate Projects
General grants provided by
government/other charities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Motor and travel costs
Travel and subsistence
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Equipment expensed
General insurances
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband|**Unrestricte**
**d funds**
**2023**
**£**
8,756
8,756
3,550
-
2,202
5,752
14,508
-
-
-
-
1,830
1,830
930
930
2,996
2,996
-
283
536
351
732
551
38
2,491|**Restricted**
**funds**
**2023**
**£**
-
-
-
36,322
-
36,322
36,322
-
29,996
29,996
29,996
-
-
131
131
1,026
1,026
-
-
1,936
2,138
273
1,270
-
5,617|**Total funds**
**2023**
**£**
8,756
8,756
3,550
36,322
2,202
42,074
50,830
-
29,996
29,996
29,996
1,830
1,830
1,061
1,061
4,022
4,022
-
283
2,472
2,489
1,005
1,821
38
8,108|**Total funds**
**2022**
**£**
5,966| |---|---|---|---|---| |||||5,966| |||||4,010
30,155
2,018| |||||36,183| |||||42,149
51,079
-| |||||51,079| |||||51,079
-| |||||-| |||||442| |||||442| |||||676| |||||676| |||||1,245
-
3,525
341
722
2,930
-| |||||8,763| Page 21 ## **Black Heroes Foundation** ## **Detailed Statement of Financial Activities** |**Black Heroes Foundation**
**Detailed Statement of Financial Activities**||||| |---|---|---|---|---| |Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|1,500
-
572
2,072
10,319
10,319
-
4,189
(10,736)
(6,547)
-
(6,547)
10,847
4,300|-
1,600
38
1,638
8,412
38,408
-
(2,086)
10,736
8,650
-
8,650
(10,736)
(2,086)|1,500
1,600
610
3,710
18,731
48,727
-
2,103
-
2,103
-
2,103
111
2,214|1,590
-
1,559| |||||3,149| |||||| |||||13,030| |||||64,109
-| |||||(21,960)
-| |||||(21,960)
-| |||||(21,960)| |||||22,071| |||||111| Page 22