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2023-03-31-accounts

Charity number: 1179253

Under the Stars

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the year ended 31 March 2023

Under the Stars

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 – 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the accounts 8 - 15

Under the Stars

Legal and administrative information For the year ended 31 March 2023

Trustees

D Murdoch A Smith Resigned 31/03/2023 E Ward C Thomas H Furness Resigned 31/03/2023 C Annabel Appointed 01/04/2023 K Shipway Appointed 01/04/2023 S Brennon Appointed 26/04/2023 S Hinchcliffe Appointed 15/06/2023 J Smith Appointed 04/07/2023

Key management Ruth Parrott

Managing Director

Principal office

57 Burton Street Sheffield S6 2HH

Independent Examiner (and accountants)

Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

1

Under the Stars

Trustees’ annual report For the year ended 31 March 2023

The trustees are pleased to present their annual report together with the financial statements of the charity for the year ending 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the 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).

Structure, governance and management

On 18 July 2018 the organisation registered with the Charity Commission as a Charitable Incorporated Organisation, charity number 1179253. Previously the organisation had operated within the Company “Under the Stars Limited”, company number 06564956. The Company transferred its activities, assets and liabilities to the charity on 31 July 2018.

Overall management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the memorandum and articles of association. Day to day project activity is carried out by paid staff and volunteers.

Objectives

The objects of the Company ('the Objects') are:

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives, in planning future activities, and setting fees for events.

2

Under the Stars

Trustees' annual report -continued For the year ended 31 March 2023

Foreword Chair of Trustees Drummond Murdoch

It’s that time of year when I put pen to paper (or fingers to buttons) and reflect on the past year. It always gives me such joy and pride when I look back over the previous year's activities at Under the Stars. I really do admire how the organisation faces challenges head on and keep our artists with learning disabilities at the heart of everything they do. The team are so evidently passionate about the people we work with, with an eye to always increasing their opportunities and visibility within the arts sector.

Throughout this financial year, despite several challenges; Under the Stars has continued to grow, adapt and thrive in this ever-changing world. Thank you to every single member of our staff and freelance team, our artists and families, volunteers and loyal supporters and partners. Without you Under the Stars simply wouldn’t be able to achieve what we do.

Achievement and Performance

Our achievements and performance are presented below for the activities of this Charity spanning from 1 April 2022 to 31 March 2023.

Nightclubs

We started the financial year by finally reopening our nightclubs after being shut due to covid. Reopening the doors was a highly anticipated event and very emotional. There was a feeling of sheer joy at the Leadmill. It was a fantastic night and humbling to be with our clubbers again after such a long time. We delighted to have been averaging 270 people in attendance with 6 events running through the year. The opening received some great publicity which made it onto BBC Breakfast news. This helped raise awareness of Under the Stars and bring in some generous donations from individuals, as well as open conversations with some new and exciting partners.

Workshops

Our drama and music workshops continue to grow with a steady regular attendance. We are particularly pleased with the steady flow of enquiries we receive and that we are nearing capacity in all our sessions, groups are around 15 people and so that’s roughly 120 people that come to us each week to create and work with our staff team. Any vacancies that do arise are filled quickly and efficiently. A big thank you to Anne Danby for managing our new starters so efficiently this year.

We’re particularly pleased with how the Thursday drama and dance group has developed in this past year. Towards the end of the last financial year the group moved away from being just dance and meditation and a new member of staff Lauren Partridge took over and introduced more drama and singing elements. The group has since grown in number significantly and they are now in rehearsals for a show they have created all about lesser-known stories of Sheffield history that will be performed in May 2023.

3

Under the Stars

Trustees' annual report -continued For the year ended 31 March 2023

During the year, we have also continued to develop our relationship with Sheffield Theatres and have shown another three performances at The Crucible. Freedonia by our Monday drama group was a story of a dystopian future where the people were ruled by a totalitarian regime. The Wednesday drama group performed The Many Journeys of Maria Rossini, all about Sicilian peasants triumphing over oppression and Friday group performed Boxing Clever, a nineties themed coming of age story.

Freedonia and Maria Rossini were developed in part online during lockdown and also while working within Covid restrictions when we were first back in sessions. As the plays were being created, we had no idea when they would be able to be performed, so it was wonderful to see them brought to life on such an iconic stage.

Boxing clever was a great example of a collaboration between our music and drama groups, with some of our musicians' visiting rehearsals and then producing two pieces of music for the show. It makes me really look forward to the pieces of work that will be produced once we have a space for all our groups to be together every day of the week.

We’d like to thank Sheffield Theatres for being so welcoming and accommodating and we look forward to many more performances there. The audiences, families’ carers and supporters have really seen how much everyone has developed their performance skills and confidence through such great opportunities. We’d also like to thank our audiences as we have sold out on every single one of our performances, all on average 270 seats have been full at each performance.

A heartfelt thanks to all our drama team for their creative responses in times of adversity, and for pulling off three performances, and planning for a fourth in the space of one year. We have a small, passionate and powerful team and we are very lucky.

Our musicians have also finally been able to gig again which has been fantastic. The Clublands hosted an afternoon gig at the Greystones and it was brilliant, around 30 people came. The band played their old classic original songs and finally had a chance to show off their new material. There is talk of a new album launch next year!

Our bands were once again invited to be part of the Tramlines music festival. Two of our music groups (Stars Band and The Clubland Detectives) performed and absolutely loved the experience. Many of our musicians took the opportunity to stay at the festival for the day and enjoy performances from artists like Kasabian, The Vaccines and Lottery Winners. I’m sure many found inspiration from the bands they saw. Thank you, Tramlines, for giving us the red-carpet treatment and supporting and showcasing our work.

Other highlights from our music groups this year have been a big push on the independent musicianship of the musicians in our Monday workshop. Chris Morris rejoined us as a tutor last year and has been working hard to develop independent musicianship with a very diverse group. The hard work is really paying off and the Monday live room sounds are fantastic. Jono Richards (tutor) has also brought fresh life to the group direct from his master's degree in sound and media. Jono has been helping the group explore the potential for increasing accessibility using sound technology (rather than traditional instruments). The results have been fascinating and great fun!

4

Under the Stars

Trustees' annual report -continued For the year ended 31 March 2023

The Sparkle Sistaz have slightly changed musical direction this year with the influence of their new tutor and acclaimed folk musician Maddie Morris. It’s been great to hear their music take a more folkacoustic twist. Many of the ladies have been inspired to buy their own acoustic instruments including banjos, guitars and ukeleles so we are looking forward to some new material being produced soon.

We ended the year on a real high with a collaborative fundraising event ‘Sheffield does Sheffield’ with Steel & Wire Radio at The Leadmill. Long standing Under the Stars supporter (and Steel & Wire presenter) Harry Welburn had the idea of asking Sheffield’s best live bands and singer songwriters to choose and record a song originally recorded by one of Sheffield’s famous (or less famous) bands/artists which included acts like Richard Hawley, Human League, Pulp and ABC. The tracks were largely recorded during Covid times, so it was a real treat to celebrate the album launch with a cracking show at the Leadmill for over 350 music lovers.

All proceeds from the launch and CD sales were donated to Under the Stars and raised a magnificent total of £2,700. A huge thank you to Julia Waldron, Harry Welburn and the Steel & Wire team who together pulled off this fantastic fundraiser for Under the Stars. It was a great opportunity for our bands to perform, to make connections with our music community in Sheffield and celebrate what a wonderful talented city we live in.

Trustees

We would like to thank Heather Furniss and Abi Smith who have stepped down from the board this year. Abi has been with Under the Stars from the beginning and is a strong supporter and ambassador for us. The t-shirt stand at the nightclub will not be the same without her. Heather has really helped to strengthen our financial position and helped board to consider every spend carefully and how it benefits people with learning disabilities. This was particularly valuable during covid times.

We have recruited new members to The Board of Trustees starting in Spring 2023, we had an emphasis on widening the skills and experience of our board members. We have been really pleased with the calibre of the candidates and have appointed people with backgrounds in account management, education and academia, the arts, health strategy, property and a family carer of a child with a learning disability. We have increased our board numbers to eight trustees.

Financial performance

We were delighted that our tender to join Sheffield City Council’s adult social care provider list was successful in February after a lot of hard work pulling it together over Christmas and New Year. The team submitted a very strong application and I’d like to thank them for working so hard and to such a tight timescale. Being on the social care framework has meant we have received an inflationary increase to our service charges which has hugely helped to cover our increased costs like staff and rent for this year. We consider ourselves lucky to have the luxury of being able to work with people on a long-term basis without being reliant on short-term funding bids thanks to our strong relationship with Sheffield City Council.

5

Under the Stars

Trustees' annual report -continued For the year ended 31 March 2023

We have had a good year of community and event fundraising this year with the Sheffield 10K being another event that raised over £2,500 in unrestricted income. I would like to thank all the runners who helped us achieve this amount which enabled us to finally update our P.A. system. We are also grateful for the individual donations we received this year, including those from the De Mulder family and a generous donation from Outokumpo; a local sustainable stainless-steel producer.

Overall, our financial performance has enabled us to make a surplus this year. We have stayed on budget and our prudence will ensure we have more money to invest in fitting out our new building, once we find a suitable venue to combine our music and drama services. Many thanks to Claire Smith for managing the funds so effectively and prudently.

We have no financial concerns and are in a good position.

Reserves Policy

The Trustees of Under the Stars have set the reserves level at between two and three months operating costs, which is between £54,000 and £81,000.

On 31 March 2023 the free reserves (general funds excluding fixed assets) were £71,125 (2022: £66,628), in line with the target.

In addition to the free reserves, the company holds £210,821 in designated reserves which is intended for the acquisition of/investment in suitable premises to run our workshops from one site, but would be used upon closure of the business for winding up costs if required.

Future plans

We are focusing on:

14/09/23

Approved by the Board on ___ and signed on its behalf by:

Drummond Murdoch Print name: _______

Trustee

6

Independent Examiner’s report to the Trustees of Under the Stars (“the CIO”)

I report to the Trustees on my examination of the accounts of the CIO for the year ended 31 March 2023.

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 Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the CIO’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.

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:

  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

  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. The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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.

Signed: ____

Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

Date: ____

7

Under the Stars

Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 March 2023

Notes
Income from:
Donations, grants and legacies
2
Charitable activities
3
Fundraising activities
Investments - bank interest
total income
Expenditure on:
Charitable Activities
4
Fundraising activities
Total income
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
2,441
316,182
7,701
315
326,639
321,016
1,929
322,945
3,694
1,999
5,693
288,161
293,854		 Restricted
funds
£
2,499
-
-
-
2,499
154
1,000
1,154
1,345
(1,999)
(654)
2,430
1,776		 Total
2023
£
4,940
316,182
7,701
315
329,138
321,170
2,929
324,099
5,039
-
5,039
290,591
295,630		 Unrestricted
funds
£
1,829
287,910
-
64
289,803
268,928
-
268,928
20,875
6,733
27,608
260,553
288,161		 Restricted
funds
£
10,437
-
-
-
10,437
4,315
-
4,315
6,122
(6,733)
(611)
3,041
2,430		 Total
2022
£
12,266
287,910
-
64
300,240
273,243
-
273,243
26,997
-
26,997
263,594
290,591

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

8

Under the Stars

Balance Sheet As at 31 March 2023

Notes
Fixed assets
7
Current assets
Debtors
8
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
9
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Total net assets
Represented by:
Funds of the Charity
General funds
Designated funds
10
Total unrestricted funds
Restricted income funds
11
12
Approved by the Board on ___ and signed on behalf of the board by:
14/09/23		 Total
2023
£
11,908
49,348
246,975
296,323
(12,601)
283,722
295,630
-
295,630
83,033
210,821
293,854
1,776
295,630		 Total
2022
£
10,712
27,724
261,373
289,097
(9,218)
279,879
290,591
-
290,591
77,340
210,821
288,161
2,430
290,591

Drummond Murdoch Print name: _______ Trustee

9

Under the Stars Notes to the accounts For the year ended 31 March 2023

1 Accounting Policies

a General

Under the Stars is a Charitable Incorporated Organisation. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £nil per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.

Under the Stars meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

b Income - revenue recognition

Income is recognised when the organisation has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from 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.

c Expenditure and irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

d Tangible fixed assets

Depreciation has been calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets over their expected useful live, as follows:

Sound, music and activitiy equipment 25% Straight Line Computer equipment 25% Straight Line

All items of capital expenditure below £100 are written off as incurred.

e Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

f Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

10

Under the Stars Notes to the accounts - continued For the year ended 31 March 2023

1 Accounting Policies - continued

g Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

h Funds

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Designated fund are funds set aside by the directors for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the funder.

i Pensions

The organisation has a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

j Leases

Rental payable and receivable under operation leases are charged to the SOFA on a straight line basis over the period of the lease.

k Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

l Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2 Income from donations, grants and legacies

National Lottery Awards for All - "Higher Levels"
Social Enterprise Exchange
Sheffield District Association of the Disabled
The Sarah Nulty Power of Music Foundation
Sheffield City Council - covid exception costs
General donations		 Unrestricted
Funds
£
-
-
-
-
-
2,441
2,441		 Restricted
Funds
£
-
1,500
499
500
-
-
2,499		 Total
2023
£
-
1,500
499
500
-
2,441
4,940		 Unrestricted
Funds
£
-
-
-
-
-
1,829
1,829		 Restricted
Funds
£
7,437
-
1,000
-
2,000
-
10,437		 Total
2022
£
7,437
-
1,000
-
2,000
1,829
12,266

11

Under the Stars Notes to the accounts - continued For the year ended 31 March 2023

3 Income from charitable activities

Music Workshop income
Drama Workshop income
One-to-one support costs
Music and drama shows income
Other events
Other sales
Expenditure on charitable activities
Note
Staff Costs
5
Travel expenses
Volunteer expenses
Staff training and development
Recruitment costs
Direct costs
Workshops
Event and activity costs
Merchandise
Equipment
Refreshments
Property costs
Rent and utilities
Repairs, maintenance and cleaning
Telephone, website and internet
Administrative costs
Printing, postage and stationery
Licence and insurance
Computer costs
Professional fees
Bad debts
Sundry expenses
Depreciation
Support costs
Independent examination fee
6		 Unrestricted
Funds
£
150,912
148,274
4,082
3,191
8,786
937
316,182
Unrestricted
Funds
£
132,615
354
89
1,289
407
72,420
43,027
1,153
1,271
754
51,350
566
1,987
2,013
1,575
2,616
1,159
354
386
4,101
1,530
321,016		 Restricted
Funds
£
-
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
154
-
-
-
-
-
-
-
-
-
-
-
-
-
-
154		 Total
2023
£
150,912
148,274
4,082
3,191
8,786
937
316,182
Total
2023
£
132,615
354
89
1,289
407
72,420
43,181
1,153
1,271
754
51,350
566
1,987
2,013
1,575
2,616
1,159
354
386
4,101
1,530
321,170		 Unrestricted
Funds
£
146,394
139,070
1,260
850
-
336
287,910
Unrestricted
Funds
£
110,743
290
-
1,310
207
69,587
26,928
-
197
597
44,179
431
2,311
1,090
1,564
2,348
1,126
677
408
3,435
1,500
268,928		 Restricted
Funds
£
-
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
1,000
-
857
-
-
1,392
608
-
-
458
-
-
-
-
-
4,315		 Total
2022
£
146,394
139,070
1,260
850
-
336
287,910
Total
2022
£
110,743
290
-
1,310
207
69,587
27,928
-
1,054
597
44,179
1,823
2,919
1,090
1,564
2,806
1,126
677
408
3,435
1,500
273,243

4 Expenditure on charitable activities

12

Under the Stars Notes to the accounts - continued For the year ended 31 March 2023

5 Staff Costs

Salaries
Employer's National Insurance
Employer's allowance
Employer's pension contributions		 2023
£
124,022
8,090
(5,000)
5,503
132,615		 2022
£
104,989
5,942
(4,000)
3,812
110,743

There was an average of 9 employees during the year (2022: 8). No employee received emoluments of more than £60,000.

Contributions to personal pension plans are charged to the Statement of financial activities as they become payable. The pension cost shown above represents the contributions made by the company to the fund.

6 Fees paid to the independent examiner's organisation

Independent examination fee

2023 £ 1,530

No other fees were paid to the independent examiner's organisation.

7 Tangible Fixed Assets

Sound, music and activity
equipment
£
Cost or Valuation
At 1 April 2022
16,426
Additions
3,797
Disposals
(1,719)
At 31 March 2023
18,504
Depreciation
At 1 April 2022
7,840
Charge this period
2,835
Transfer to charity
(1,719)
At 31 March 2023
8,956
Net Book Value
At 31 March 2023
9,548
At 31 March 2022
8,586
8 Debtors
Trade debtors
Other debtors
Prepayments		 Computer
equipment
£
6,100
1,500
(1,787)
5,813
3,974
1,266
(1,787)
3,453
2,360
2,126
2023
£
48,601
145
602
49,348		 Total
£
22,526
5,297
(3,506)
24,317
11,814
4,101
(3,506)
12,409
11,908
10,712
2022
£
27,117
-
607
27,724

13

Under the Stars Notes to the accounts - continued For the year ended 31 March 2023

9 Creditors: amounts falling due within one year

Trade Creditors
Tax and social security
Other creditors
Accruals
Designated funds
Property		 Brought
forward
£
210,821
210,821		 Income
£
-
-		 Expenditure
£
-
-		 2023
£
8,361
1,762
948
1,530
12,601
Transfers
£
-
-		 2022
£
7,098
-
620
1,500
9,218
Carried
forward
£
210,821
210,821

10 Designated funds

The directors have set aside the monies received by Sooper Troopers, an unincorporated charity who closed and donated their assets and transferred their activities to the organisation, and the monies received from a legacy. These monies have been set aside to assist with the acquisition of a property where the activities of both organisations can exist together going forwards. Further funds have been set aside from general fund surpluses at the discretion of the trustees each financial year.

Prior period comparison
Property
Restricted funds
National Lottery Awards for All - "Say Something"
Xactium donation
Bring me the Horizon
National Lottery Awards for All - "Higher Levels"
Social Enterprise Exchange
Sheffield District Association of the Disabled
The Sarah Nulty Power of Music Foundation		 Brought
forward
£
185,821
185,821
Brought
forward
£
154
500
623
1,153
-
-
-
2,430		 Income
£
-
-
Income
£
-
-
-
-
1,500
499
500
2,499		 Expenditure
£
-
-
Expenditure
£
(154)
(500)
-
-
-
-
(500)
(1,154)		 Transfers
£
25,000
25,000
Transfers
£
-
-
-
-
(1,500)
(499)
-
(1,999)		 Carried
forward
£
210,821
210,821
Carried
forward
£
-
-
623
1,153
-
-
-
1,776

11 Restricted funds

National Lottery Awards for All - "Say Something"

A grant was given to purchase various musical equipment.

Xactium donation and Bring me the Horizon

These monies were given towards the event "All our Bands" which was due to take place in the financial year. However, because of COVID restrictions this event will not now happen. The Xactium donation was spent on "Sheffield does Sheffield" and the Bring me the Horizon funding has been reprofiled to be spent on a new drum kit.

National Lottery Awards for All - "Higher Levels"

Funding to purchase DJ equipment and provide training. The use of capitalised equipment is not restricted, so the funding has been transferred to unrestricted funds.

Social Enterprise Exchange

A grant was given to purchase 2 laptops - the transfer represents the purchase of the items for general use.

Sheffield District Association of the Disabled

A grant was given to purchase a sewing machine - the transfer represents the purchase of the items for general use. The Sarah Nulty Power of Music Foundation

A grant towards "Sheffield does Sheffield"

14

Under the Stars Notes to the accounts - continued For the year ended 31 March 2023

11 Restricted funds - continued

Prior period comparison
National Lottery Awards for All - "Say Something"
Xactium donation
Bring me the Horizon
May Hearnshaw Charitable Trust
South Yorkshire's Community Foundation
Sheffield District Association of the Disabled
National Lottery Awards for All - "Higher Levels"
Sheffield City Council - covid exception costs		 Brought
forward
£
1,372
500
623
88
458
-
-
-
3,041		 Income
£
-
-
-
-
-
1,000
7,437
2,000
10,437		 Expenditure
£
(218)
-
-
(88)
(458)
(1,000)
(551)
(2,000)
(4,315)		 Transfers
£
(1,000)
-
-
-
-
-
(5,733)
-
(6,733)		 Carried
forward
£
-
154
500
623
-
-
-
1,153
-
2,430

12 Analysis of net assets between funds

Tangible fixed assets
Net current assets
Prior period comparison
Tangible fixed assets
Net current assets		 General
Funds
£
11,908
71,125
83,033
General
Funds
£
10,712
66,628
77,340		 Designated
Funds
£
-
210,821
210,821
Designated
Funds
£
-
210,821
210,821		 Restricted
Funds
£
-
1,776
1,776
Restricted
Funds
£
-
2,430
2,430		 Total
2023
£
11,908
283,722
295,630
Total
12601
£
10,712
279,879
290,591

13 Trustee remuneration and expenses, and the cost of key management personnel

The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity 2022: £nil).

The key management personnel of the charity, comprise the trustees and the business manager. The total employee benefits of the key management personnel of the charity were £30,603 (2022: £24,674).

14 Related Party Transactions

There were no related party transactions during the year.

15