Charity no. 1183118
## **Bricks**
## **Report and Unaudited Financial Statements**
**31 March 2024**
## **Bricks**
## **Reference and administrative details**
**For the year ended 31 March 2024**
|**Charity number**|1183118||
|---|---|---|
|**Registered office and**|St. Anne's House||
|**operational address**|St. Anne's Road||
||St. Anne's Park||
||Bristol||
||BS4 4AB||
|**Trustees**|The trustees who served during the year and up to the date of this report||
||were as follows:||
||Patricia Brown|Appointed 31 July 2023|
||Dean Coates|Resigned 27 March 2024|
||James Flintoff|Treasurer|
||Helen Gaffney|Appointed 5 June 2024|
||Eleanor George||
||Robin Hague||
||Joanna Lathwood|Chair from 27 March 2024|
||Juliet Lennox|Appointed 5 June 2024|
||Benjamin Lowndes|Appointed 5 June 2024|
||Liam O'Connor|Appointed 5 June 2024|
||Rebecca Peters|Appointed 5 June 2024|
||Sabita Ravi|Appointed 5 June 2024|
||Dr Tarek Virani|Appointed 5 June 2024|
||Lucy Ward|Resigned 18 January 2024|
|**Chief executive officer**|John (Jack) Gibbon||
|**Bankers**|Metro Bank||
||One Southampton Row||
||London||
||WC1B 5HA||
|**Independent examiners**|Godfrey Wilson Limited||
||Chartered accountants and statutory auditors||
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
## **Bricks**
## **Report of the trustees**
## **For the year ended 31 March 2024**
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).
## **Charity overview**
Bricks supports the collaboration of local communities, creative communities and social enterprises to ensure they have a strong voice in the city of Bristol, together instigating and delivering creative community activities and managing building assets for the long term.
## **Values**
_**Creative:**_ We believe in the power of creativity inside everyone. _**Collaborative:**_ We believe in the magic and added value of collaboration. _**Hospitable:**_ We are welcoming and want to bring people together. _**Sustainable:**_ We are financially and environmentally sustainable and conscientious. _**Local:**_ We are locally rooted and accountable. We support local voices. _**Inclusive:**_ We listen to people and are people-led. _**Entrepreneurial:**_ We believe in new ways of doing things and connecting value. _**Civic:**_ We are for all people in our city.
## **Objectives and activities**
The object of the CIO is to advance the arts for the public benefit through the establishing and maintaining of an art gallery, the promotion of contemporary art, the education of the public in the understanding and appreciation of contemporary art and the provision of workspace and services to artists.
## **Public benefit**
Bricks trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
## **Achievements and performance**
April 2023 - March 2024 has been a key year in Bricks progress. Key aspects of this year include:
## **Key programmes at St Annes House**
During this period, we consolidated our previous community and engagement work, and expanded to build more youth specific programming:
- Youth Programme - Open Access Youth Programme established in partnership with Creative Youth Network;
- Youth Programme - Year 1 of Bristol Old Vic Young Company in the city;
- St Anne's Open House - Year 1 of our open studios and community activity day;
- Working the Workshop - Collaboration with UWE Bristol on a day of workshops exploring workshops;
- UKSPF - work to support local community members to start projects, and use St Annes House (including language cafe, 4 o’clock club;
- New Ways of Growing - Hydroponics project with Katy Connor;
- Verity Standen RND project;
- Tom Marshman - RND project;
- Reengage - project for over 75s;
- Youth Programme - Holiday activity fund;
- MA Curating - end of second placement and start of third placement; and
- Community Gardening sessions started.
2
## **Bricks**
## **Report of the trustees**
## **For the year ended 31 March 2024**
## **St Anne's House operations**
## **Community Resilience Fund**
We secured £75,000 for improvements to SAH from BCCs community resilience fund, chosen by the communities in Area 5. This will be put towards improving our access, fire doors and preparing the ground floor kitchen space for a community cafe tenant.
## **New tenants and enterprise**
- A tenant workspace review took place to remeasure all spaces, and ensure parity of pricing across the different tenant space types;
- Bristol Community Sauna CIC, separate to Bricks, established and became a tenant of St Anne's House in April 2024; and
- Started an open process to recruit a cafe tenant, which will continue in to next year.
## **St Annes House lease**
A five year lease agreement was entered in to for St Anne's House from Bristol City Council, starting December 2024, with no break on the main building and rear car park, but a three month break on the front and side car park after nine months.
We pushed multiple times to have our proposal for a long term Community Asset Transfer go to BCC CAT panel before the local elections and change of local government (from mayoral to committee system), but due to the complexities of the case, including the ownership sitting with the Housing Revenue Account, this did not happen.
Discussions are ongoing to secure the long term of the site.
## **St Anne's House long term**
Architecture 00 commissioned to produce a viability study on various uses of St Anne's House, to aid ongoing conversations with BCC on long term use.
## **Public Art - Via Bricks Trading Limited**
- Dovercourt Road;
- Melksham; and
- Glass Wharf.
## **Risks**
A risk and finance committee has been formed as a subcommittee of the board of trustees.
This group will meet three times a year and includes the CEO, Head of Operations, Head of Finance, Treasurer, and two other trustees. The meeting reviews three risk registers for Finance, the Organisation and Operations. The risk reviews and meeting minutes are then reported to the entire board.
The most recent meeting of this committee identified the highest risk was the charity’s failure to raise adequate reserves according to its reserves policy.
3
## **Bricks**
## **Report of the trustees**
## **For the year ended 31 March 2024**
## **Financial review**
Total income for 2024 was £307,705 (2023: £183,113). Total expenditure for 2024 was £235,308 (2023: £191,320).
Total reserves have therefore increased to £66,515 (2023: -£5,882), of which £66,002 is restricted (2023: £13,471), and £513 is unrestricted (2023: -£19,353).
## **Reserves policy**
Bricks aim to raise three months' employment costs and three months' overheads in reserves which is calculated at approximately £80,000. Bricks is planning to raise this amount over the next three years. For the reasons set out in note 1b to the accounts, the trustees consider it appropriate to adopt the going concern basis in preparing its financial statements.
## **Structure, governance and management**
During this period we carried out a strategic board review, including a skills and experience audit, then used that as a basis to run an open recruitment process (launched 25 March 2024), which culminated in 7 new board members officially joining just after this period in June 2024.
We also agreed the setting up of the following subcommittees, to strengthen our governance:
- Finance and Risk;
- Public Art;
- Capital Project;
- Fundraising and Income; and
- H&S, Access, Safeguarding and Policy.
## **Appointment and retirement of trustees**
- Trustee / Chair Dean Coates retired from trusteeship during this period;
- Jo Lathwood became Chair of Trustees when Dean Coates retired from Chair and trusteeship; and
- New trustee Patricia Brown was appointed during this period.
In accordance with Bricks Constitution we followed the following procedure:
_Appointment of charity trustees:_
- Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees; and
- In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## _Information for new charity trustees:_
- The charity trustees will make available to each new charity trustee, on or before their first appointment:
- (a) a copy of the current version of the constitution; and
- (b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts.
## **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).
4
## **Bricks**
## **Report of the trustees**
## **For the year ended 31 March 2024**
The law applicable to charities in England and Wales 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, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- ▪ 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 are not required to contribute any amounts 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 appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 29 November 2024 and signed on their behalf by
Joanna Lathwood - Chair
5
## **Independent examiner's report**
## **To the trustees of**
## **Bricks**
I report to the trustees on my examination of the accounts of Bricks (the CIO) for the year ended 31 March 2024, which are set out on pages 7 to 21.
## **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 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.
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.
## William Guy Blake
Date: 4 December 2024 **William Guy Blake ACA 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
## **Bricks**
## **Statement of financial activities**
## **For the year ended 31 March 2024**
|Note
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
7
**Net income / (expenditure)**
**and net movement in funds**
8
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Restricted Unrestricted
£
£
150,385
39,785
-
50,509
-
66,639
-
387
150,385
157,320
-
72,930
97,854
64,524
97,854
137,454
52,531
19,866
13,471
(19,353)
66,002
513|**2024**
**Total**
**£**
**190,170**
**50,509**
**66,639**
**387**
**307,705**
**72,930**
**162,378**
**235,308**
**72,397**
**(5,882)**
**66,515**|Restated
2023
Total
£
133,831
49,282
-
-|
|---|---|---|---|
||||183,113|
||||55,938
135,382|
||||191,320|
||||(8,207)
2,325|
||||(5,882)|
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.
Prior period income and expenditure has been reclassified to reflect the change from receipts and payments to accruals accounting and to be comparable with the current year.
7
## **Bricks**
## **Balance sheet**
## **As at 31 March 2024**
|Note
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year
13
**Net current assets**
**Net assets**
14
**Funds**
16
Restricted funds
Unrestricted funds
**Total charity funds**|**£**
**11,194**
**71,545**
**82,739**
**16,425**|**2024**
**£**
**201**
**66,314**
**66,515**
**66,002**
**513**
**66,515**|Restated
2023
£
601
617
9,295|
|---|---|---|---|
||||9,912
16,395|
||||(6,483)|
||||(5,882)|
||||13,471
(19,353)|
||||(5,882)|
Approved by the trustees on 29 November 2024 and signed on their behalf by
Joanna Lathwood - Chair
8
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **1. Accounting policies**
## **a) General information and basis of preparation**
Bricks is an charitable incorporated organisation registered in England and Wales. The registered office address is St. Anne's House, St. Anne's Road, St. Anne's Park, Bristol, BS4 4AB.
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).
Bricks 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. Bricks CIO continues to raise income for its charitable aims post year end.
In February 2024 a new Head of Finance role was created which has focused on regular management accounts which project a break-even position for the charity’s activities, and have modelled a reserves building strategy over the coming three years. Head of Operations and Head of Programme (St Anne's House) roles were also filled in the year which have focused on cost efficiencies and fundraising and have been working closely with the Head of Finance role and CEO.
A Finance and Risk Subcommittee of the board of trustees was formed which looks in detail at thrice yearly forecasts and budget risks.
Post year end, rental income at St Anne’s House has continued to be robust, with new tenants.
A Fundraising and Income Subcommittee has also been convened bringing together SMT with trustees with funding and income generating expertise. This subcommittee takes a strategic and oversight role to Bricks fundraising plans and are commissioning an external fundraising consultant to support revenue fundraising plan and bids in early 2025.
The charity’s trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue its operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **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.
9
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **c) Income (continued)**
Income received in advance of provision of contracted services 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) 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.
## **f) 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.
## **g) 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 based on the proportion of staff time as follows: **2024** 2023 Raising funds **31.0%** 29.2% Charitable activities **69.0%** 70.8%
## **h) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Computer equipment
3 years
## **i) 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.
## **j) 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.
10
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **k) 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.
## **l) Financial instruments**
The trust 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.
## **m) Pension costs**
The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
## **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.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note h above.
11
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
**2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations and legacies
Charitable activities
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net income / (expenditure)**
**and net movement in funds**|Restricted
£
£
70,170
63,661
-
49,282
70,170
112,943
-
55,938
56,699
78,683
56,699
134,621
13,471
(21,678)
Unrestricted|Restated
2023
Total
£
133,831
49,282|
|---|---|---|
|||183,113|
|||55,938
135,382|
|||191,320|
|||(8,207)|
12
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **3. Income from donations and legacies**
|Donations
Grants:
Bristol City Council
Nisbet Trust
Bristol Green Capital Partnership CIC
Quartet Community Foundation
Arts Council England
Knowle West Health Partnership
Grants < £2k
**Total income from donations and legacies**
**Prior period comparative:**
Donations
Grants:
Quartet Community Foundation
East Street Arts
Bristol City Council
GFY Trust
Coop Community Fund
UWE Bristol
Grants < £2k
**Total income from donations and legacies**
**4.**
**Income from charitable activities**
St Anne's House - rent and hire
Production support and speaker fees
Consultancy work
Ticket sales
**Total income from charitable activities**|Restricted
£
£
-
35,225
113,945
-
15,000
-
6,250
-
5,000
2,560
5,190
-
4,000
-
1,000
2,000
150,385
39,785
Restricted
£
£
8
57,661
24,992
-
12,700
2,000
10,224
1,000
10,000
-
2,996
-
7,000
1,000
2,250
2,000
70,170
63,661
**2024**
**£**
**44,194**
**3,859**
**2,456**
**-**
**50,509**
Unrestricted
Unrestricted|**2024**
**Total**
**£**
**35,225**
**113,945**
**15,000**
**6,250**
**7,560**
**5,190**
**4,000**
**3,000**|
|---|---|---|
|||**190,170**|
|||Restated
2023
Total
£
57,669
24,992
14,700
11,224
10,000
2,996
8,000
4,250|
|||133,831|
|||2023
£
42,750
950
4,470
1,112|
|||49,282|
All income from charitable activities in the current and prior year was unrestricted.
13
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **5. Income from other trading activities**
|**Income from other trading activities**|||
|---|---|---|
|Management charges
Other income
**Total income from other trading activities**|**2024**
**£**
**66,400**
**239**
**66,639**|2023
£
-
-|
|||-|
All income from other trading activities in the current and prior year was unrestricted.
## **6. Government grants**
The charity receives government grants, defined as funding from Arts Council England and Bristol City Council to fund charitable activities. The total value of such grants in the period ending 31 March 2024 was £119,135 (2023: £11,224). There are no unfulfilled conditions or contingencies attaching to these grants.
14
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **7. Total expenditure**
|**Total expenditure**|||||
|---|---|---|---|---|
|Staff costs (note 9)
Activity costs
St Anne's House costs
Accountancy
Advertising and marketing
Travel and subsistence
Insurance
Office costs
IT and software
Bank fees
Professional fees
Depreciation
**Sub-total**
**Total expenditure**
Allocation of support
and governance costs|Raising funds
£
46,356
-
-
-
357
-
-
-
-
-
-
-
46,713
26,217
**72,930**|Charitable
activities
£
84,275
17,928
1,789
-
-
15
-
-
-
-
-
-
104,007
58,371
**162,378**|Support and
governance
costs
£
73,363
-
-
8,371
-
-
642
441
1,026
45
300
400
84,588
(84,588)
**-**|**2024 Total**
**£**
**203,994**
**17,928**
**1,789**
**8,371**
**357**
**15**
**642**
**441**
**1,026**
**45**
**300**
**400**|
|||||**235,308**
-|
|||||**235,308**|
Total governance costs were £2,640 (2023: £225)
15
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **7. Total expenditure (continued) Prior period comparative (restated)**
|Staff costs (note 9)
Activity costs
St Anne's House costs
Accountancy
Advertising and marketing
Travel and subsistence
Insurance
Office costs
Repairs and maintenance
IT and software
Bank fees
Professional fees
Depreciation
**Sub-total**
**Total expenditure**
Allocation of support
and governance costs|Raising funds
£
37,323
-
-
-
103
-
-
-
-
-
-
-
-
37,426
18,512
55,938|Charitable
activities
£
57,336
27,308
4,825
-
-
1,111
-
-
-
-
-
-
-
90,580
44,802
135,382|Support and
governance
costs
£
55,302
-
-
4,830
-
-
779
620
197
487
399
300
400
63,314
(63,314)
**-**|2023 Total
£
149,961
27,308
4,825
4,830
103
1,111
779
620
197
487
399
300
400|
|---|---|---|---|---|
|||||191,320
-|
|||||191,320|
16
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **8. Net movement in funds**
This is stated after charging:
|Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
▪Independent examination (excluding VAT)|**2024**
**£**
**400**
**Nil**
**Nil**
**2,200**|2023
£
400
Nil
Nil
225|
|---|---|---|
In common with other charities of our size and nature we use our examiners to assist with the preparation of the financial statements.
## **9. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Social security costs
Pension costs|**2024**
**£**
**189,463**
**11,648**
**2,883**
**203,994**|2023
£
144,093
2,981
2,887|
|---|---|---|
|||149,961|
No employee earned more than £60,000 during the year.
The key management personnel of the charity comprise the Trustees, Director, Head of Finance and Head of Operations. The total employee benefits of the key management personnel were £76,602 (2023: £56,786).
|Average head count|**2024**
**No.**
**12**|2023
No.
11|
|---|---|---|
## **10. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
17
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **11. Tangible fixed assets**
|**Cost**
At 1 April 2023 and 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
**At 31 March 2024**
At 31 March 2023
**Debtors**
Trade debtors
Other debtors
Amounts owed by trading subsidiary
**Creditors: amounts falling due within 1 year**
Trade creditors
Accruals
Other taxation and social security
Deferred income (see note 14)
Other creditors|**2024**
**£**
**889**
**1,042**
**9,263**
**11,194**
**2024**
**£**
**148**
**3,080**
**3,008**
**4,969**
**5,220**
**16,425**|**Total**
**£**
**1,200**|
|---|---|---|
|||**599**
**400**|
|||**999**|
|||**201**|
|||601|
|||Restated
2023
£
495
122|
|||617|
|||Restated
2023
£
3,693
-
7,429
-
5,273|
|||16,395|
## **12. Debtors**
## **13. Creditors: amounts falling due within 1 year**
18
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **14. Deferred income**
|**Deferred income**|||
|---|---|---|
|At 1 April 2023
Deferred during the year
Released during the year
At 31 March 2024|**2024**
**£**
**-**
**4,969**
**-**
**4,969**|2023
£
-
-
-|
|||-|
Deferred income relates to fees received youth work that is due to take place in 2024/25.
## **15. Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2024**
**Prior year comparative (restated)**
Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2023**|£
-
66,002
-
**66,002**
£
-
13,471
-
13,471
Restricted
funds
Restricted
funds|£
201
16,737
(16,425)
**513**
£
601
(3,559)
(16,395)
(19,353)
General
funds
General
funds|**Total**
**funds**
**£**
**201**
**82,739**
**(16,425)**|
||||**66,515**|
||||Total
funds
£
601
9,912
(16,395)|
||||(5,882)|
19
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **16. Movements in funds**
|**Restricted funds**
Engagement
Publishing
Youth
Other projects
St Anne's House (SAH)
**Total restricted funds**
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2023
£
6,269
4,839
2,363
-
-
13,471
(19,353)
(19,353)
(5,882)|Income
£
41,250
1,208
43,987
5,190
58,750
150,385
157,320
157,320
307,705|£
(30,185)
(2,215)
(28,514)
(5,190)
(31,750)
(97,854)
(137,454)
(137,454)
(235,308)
Expenditure|**£**
**17,334**
**3,832**
**17,836**
**-**
**27,000**
**At 31 March**
**2024**|
|---|---|---|---|---|
|||||**66,002**|
|||||**513**|
|||||**513**|
|||||**66,515**|
## **Purposes of restricted funds**
Engagement
Funds related to the community activities at St Anne's House including those funded by UKSPF, Quartet and Bristol Green Capital Partnership.
Publishing
Funds related to the publishing of BRIZ magazine including those funded by Clarion Futures.
Youth
Funds related to the youth programme at St Anne's House including those funded by Nisbet Trust, Bristol City Council and the Holiday Activity Fund.
Other projects
Funds that relate to grants that do not fit under the pillars of Engagement, Youth or Publishing which include Knowle West Health Partnership and Arts Council.
St Anne's House (SAH)
Funds related to capital development of St Anne's House which include Community Resilience Fund.
20
## **Bricks**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **16. Movements in funds (continued) Prior year comparative (restated)**
|**Restricted funds**
Engagement
Publishing
Youth
Other projects
St Anne's House (SAH)
**Total restricted funds**
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2022
£
-
-
-
-
-
-
2,325
2,325
2,325|Income
£
47,466
5,008
2,996
2,000
12,700
70,170
112,943
112,943
183,113|£
(41,197)
(169)
(633)
(2,000)
(12,700)
(56,699)
(134,621)
(134,621)
(191,320)
Expenditure|£
6,269
4,839
2,363
-
-
At 31 March
2023|
|---|---|---|---|---|
|||||13,471|
|||||(19,353)|
|||||(19,353)|
|||||(5,882)|
## **17. Related party transactions**
Bricks Trading Limited is a wholly owned subsidiary company of Bricks. During the year, the charity received donations from Bricks Trading Limited totalling £35,146 (2023: £71,841, restated). Bricks recharged £66,400 of staff costs (2023: £Nil) to Bricks Trading Limited. At 31 March 2024, Bricks was owed £9,263 (2023: £Nil) by Bricks Trading Limited.
21