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2025-04-05-accounts

Registered Charity Number 1177033

The Basement Door

Trustees Report and Accounts for the year ended 5 April 2025

CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

Table of Contents

Table of Contents
Page
Charity Information ……………………………………………………………….. 3
Trustees Report ……………………………………………………………………… 4
Independent Examiners Report………………………………………………. 7
Statement of Financial Activities…………………………………………….. 8
Balance Sheet…………………………………………………………………………. 9
Notes to the Accounts…………………………………………………………….. 11

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

Charity Information

Charity number: 1177033
Registered office: Patch WorkPlace
42 York Street
Twickenham
TW1 3BW
Trustees: Louise Nagle (as Chair of Trustees)
Maia Rose Walsh
Clare Strike
Chris Meara
Kenneth Andrew McMahon
Tom Strike
Mairi McLeod
Accountant: Landi Accounting Limited
62 Stakes Road
Waterlooville
Hampshire
PO7 8NT

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

Report of the Trustees for the year ended 5 April 2025

The Trustees present their report and the financial statements for the year ended 5 April 2025. The Trustees who served during the year and up to the date of this report are set out on page 1.

Objectives and activities

By running regular live music events, The Basement Door provides education and opportunity to young volunteers up to the age of 22, primarily in and around the Greater London area, by providing:

  1. Training, work experience and qualifications in the areas of event management, front of house, sound and light engineering and artist liaison.

  2. Performance opportunities, mentoring, and industry advice for young musicians and those interested in the music industry at all stages of their development within a community which encourages respect and collaboration.

  3. A creative community in which young artists, photographers and film-makers can gain valuable experience.

The Basement Door exists in order to benefit young people by:

  1. Enhancing social welfare in the provision of leisure-time activities in safe, age-appropriate spaces.

  2. Relieving unemployment in the provision of opportunities to develop skills and capabilities

  3. Supporting wellbeing in the provision of educational opportunities and teamwork

4. Creating a community open to all young people in the target age bracket, which is safe and drug-free.

Structure, governance and management

The Basement Door is a charitable incorporated organisation managed by trustees in accordance with its constitution. Trustees must be at least 16 years old. At least one Trustee must be 18 or older. There must be a minimum of 3 Trustees and a maximum of 12. Trustees appointing new Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. These criteria have been considered by the current Trustees whenever the recruitment of additional Trustees has been discussed.

Public Benefit

The Trustees have paid due regard to the Charity Commission’s guidance on public benefit in deciding activities undertaken by the charity. The Trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirement.

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

Achievements and performance

The main activities of The Basement Door during the relevant period are set up above and remain in line with its Charitable Objectives. The Basement Door continues to carry out activities which are for the public benefit, illustrated by the data below:

Data capture sheet 2018 2019 2020
online		 2020
live		 2021 2022 2023 2024 2025
# Back stage and front of house trainees 25 28 17 30 37 78 79 125
# AQA units awarded 51 66 0 0 0 144 0 0
# Artists/bands 237 100 65 54 135 233 323 251 385
Total # young people in bands + artists 507 283 331 353 615 906 741 802
# gigs 63 62 46 53 29 55 91 59 67
Attendance gigs 1714 1903 1456 849 2301 4950 6003 3489
Attendance festivals 9890 12050 13400 12725 32780 43200 41950

Financial review

The gross income of the charity was £55,332.00. Total expenditure was £44,485.00

The year’s surplus was £10,847.00

Plans for the future

At the time of submitting this report the Trustees aim to:

  1. Create a coherent Business Plan (including a marketing and communication strategy) so that the Basement Door is visible to more young people and wider audiences

  2. Include more young people and increase provision across all areas by building relationships with schools and colleges

  3. Monitor our impact and track improvement through testimonials and a repeat of the survey conducted in 2022.

  4. Increase fundraising activity by widening the avenues used to raise funds

  5. Concentrate our organisational efforts and finances on events which benefit more young people and have a larger appeal for young audience members.

  6. Encourage the support of parental groups and volunteers to assist and support the charity

  7. Obtain specific funding for targeted projects including a singer-songwriter competition, studio access and more industry advice for young people interested in the field of music

  8. Widen the scope of events for solo musicians and acoustic artists

  9. Maintain existing links with festivals, venues and events, and nurture new ones for the future in order to increase the number of opportunities available

  10. Maintain and develop music industry contacts

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

  1. Continue to develop our approach to Safeguarding and Diversity through monitoring, policies and procedures

  2. Appoint a larger and more diverse group of trustees

  3. Work with organisations that match Charities to empty premises to seek a more permanent location for training evenings, rehearsals space and gigs.

  4. Restart the AQA programme for future participants and “catch up” on awarding young people who are already trained.

Statement of Trustees’ responsibilities

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They 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.

Signed on behalf of the Trustees

… C J Meara …

Chris Meara

Date: 28 October 2025

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

Independent Examiners Report to the Trustees of The Basement Door

I report on the accounts of the charity for the year ended 5 April 2025 which are set out on pages, 8 - 10

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

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 section 144(2) of the Charities Act 2011 (the 2011 Act).

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINERS REPORT

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matters have come to my attention:

Have not been met; or

Date:

Sally Winterbottom FCCA

Landi Accounting Ltd

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
NOTES
INCOMING RESOURCES
Charitable activities
2
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Direct Charitable Expenditure
3
Administration and Advisory Services
3
TOTAL RESOURCES EXPENDED
SURPLUS/(DEFICIT) FOR THE YEAR
BROUGHT FORWARD 6 APRIL 2023
TRANSFER
CARRIED FORWARD 6 APRIL 2024		 2025
2025
2025
2024
Unrestricted
Restricted
Total
Total
£
£
£
£
55,332
0
55,332
42,367
55,332
0
55,332
42,367
13,436
0
13,436
20,319
31,050
0
31,050
36,794
44,485
0
44,485
57,113
10,847
0
10,847
(14,745)
10,837
0
10,837
25,582
0
0
0
0
21,684
0
21,684
10,837

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR

BALANCE SHEET AS AT 5 APRIL 2025

NOTES
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand
Debtors
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS TOTAL
LIABILITIES
CHARITY FUNDS
Unrestricted funds
Restricted Funds
TOTAL CHARITY FUNDS		 2025
£
£
0
23,151
0
23,151
(1,468)
21,684
21,684
21,684
21,684		 2024
£
£
797
11,557
0
11,557
(720)
10,837
11,634
10,837
10,837		 2024
£
£
797
11,557
0
11,557
(720)
10,837
11,634
10,837
10,837
23,151
(1,468)		 11,557
(720)
11,634
10,837
10,837

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR

STATEMENT OF CASHFLOWS

FOR THE YEAR ENDED 5 APRIL 2025

Net incoming/(outgoing) resources for the year
Depreciation and impairment
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Net Cash inflow from operating activities
Capital expenditure
Increase/(Reduction) in cash in the year
Reconciliation of net cash flow to movement in net funds
Increase in cash in the year
Total Cash at 6 April 24
Total Cash at 5 April 25		 2025
2024
2023
2022
£
£
£
£
10,847
(14,745)
(17,825)
(9,635)
0
797
3,969
3,862
748
3,090
(1,164)
(1,711)
0
0
133
353
11,595
(10,858)
(14,887)
(7,131)
(1,071)
11,595
(10,858)
(14,887)
(8,202)
11,595
(10,858)
(14,887)
(8,202)
11,557
22,415
37,300
45,502
23,151
11,557
22,413
37,300

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR

Notes to the financial statements for the year ended 5 April 2025

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding period

1.1 Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting by charities issued in March 2005

1.2 Cashflow

The charity has produced a cashflow report in accordance with FRS102

1.3 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income received by way of grants donations and gifts are included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

1.4 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Stage equipment - 20% Straight line Office Equipment - 33.3% Straight line

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR

Notes to the financial statements for the year ended 5 April 2025

2
Income from Charitable Activities
Donations
Income from events
Unrestricted grants
3
Costs of charitable activities
Direct Charitable Expenditure
Administration and Advisory Services
4
Employees
Employment costs
Wages and salaries
Social Security costs
Other costs		 Unrestricted
Restricted
Funds
Funds
£
£
23,057
0
32,135
0
140
0		 2025
Total
£
23,057
32,135
140
55,332
0		 55,332
Unrestricted
Restricted
Funds
Funds
£
£
13,436
0
31,050
0		 2025
Total
£
13,436
31,050
44,485
0		 44,485
Year ended
2025
23,336
(1,593)
0
21,743

Number of employees

The average number of employees (including the Trustees) during the year was 1 (2024: 1)

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR

Notes to the financial statements for the year ended 5 April 2025

5 Tangible Fixed Assets

Cost
At 6 April 2024
Additions
At 5 April 2024
Depreciation
At 6 April 2024
Charge for the year
Net book values
At 5 April 2024
At 5 April 2025
6
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 Stage
Equipment
£
17,517
0		 Office
Equipment
Total
£
£
1,865
19,382
0
0
17,517 1,865
19,382
17,517
0		 1,865
19,382
0
0
17,517 1,865
19,382
0 0
0
0 0
0
2025
2024
£
£
580
0
888
720
1,468
720

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CHARITY REGISTRATION NUMBER 1177033 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

THE BASEMENT DOOR

Notes to the financial statements for the year ended 5 April 2025

7
Analysis of net assets between funds
Fund balances as at 5 April 2024
as represented by:
Tangible fixed assets
Current assets
Current liabilities
Total Funds		 Unrestricted
Restricted
2025
Funds
Funds
Total
£
£
£
0
0
0
23,151
0
23,151
(1,468)
0
(1,468)
21,684
0
21,684

8 Going concern

There are sufficient reserves in order for The Basement Door to continue to operate as a going concern over the next 12 months.

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