Trustees’ Annual Report for the period 11 October 2022 to 11 October 2023
Black Gold Arts Limited
A company limited by guarantee Trustees’ Report and Financial Statements
Charity Number: 1187546 Company Number: 11618092 (England & Wales)
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance arts and education for the public benefit, of LGBTIQ ethnic minority people and allies, in the arts in particular but not exclusively in theatre, visual arts, music film, dance and writing through the provision of talks, workshops, masterclasses and such other activities as determined bythe trustees. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity’s main goals for the year were to fundraise for, develop and present a programme of work by LGBTIQ global majority artists and allies and present this programme to as diverse public audience as possible. The key project this year was EuroCamp presents… Black Gold Arts Takeover at Eurovision. Black Gold Arts Takeover was commissioned by Culture Liverpool for the Eurovision Cultural Festival 2023. Running from Monday 1 to Sunday 14 May, the festival presented 24 brand new commissions – 19 of which were collaborations between UK and Ukrainian artists Black Gold Arts kicked off a three-day LQBTQ+ fantasia Eurocamp on Bank Holiday 8th May taking over Liverpool One’s Chavasse Stage as an outdoor family festival. Black Gold Arts platformed queer Global Majority* artists and allies serving circus, family catwalk extravaganzas, bands, DJs, strollers, dance, spoken word. We platformed over 50 artists on the day and had an audience of over 2000 |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the Charity Commission’s guidance on public benefit when planning all events and determining how best to utilise funds raised. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference N/A Para 1.38 Policy on grant making
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | We had volunteers during the Takeover and we are extremely grateful for their support. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | 2023 was an extremely successful year for the charity. Our BGA Takeover x Whitworth won the best cultural event in Manchester. We showcased the follow acts: House Of Blaque Queer Carnival * Family Catwalk Extravaganza * Slay Cabaret House Of Noir * LayFullStop * mandla VEBA * Fehdah * Hooping Diva - Natasha Moonshine * Dandyism * Hot Black Swagga - DJ Stacy bee : UKKU Bit : Medulla * Qweenz Of Everything - Blaque Ivory : Lady Bushra : Val Qaeda : The BollyWitch * Mix- Stress - DJ set and Live PA * House of Fire Strollers * Meme Gold * Seren Marimba * Ghetto Fabulous * Yandass * Closer 2 My Dreams by Chad Taylor. We also facilitated dance workshops by Ghetto Fabulous for children and their families. The charity secured £38,200 from the City of Liverpool. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | Whilst no formal objectives are set for any given period, the Trustees are constantly striving to increase audience reach on a year-by-year basis and that was achieved in Liverpool in 2023. We widen our |
|---|---|---|
| audience demographic and profile from Greater Manchester to the northwest Darren Prichard, BGA’s co-artistic director summarises, “Black Gold Arts was formed as a need to express ourselves in outside spaces and reclaim those spaces all while being highly visible. We started off concentrating on theatre but we have moved outside to be more visible. The whole reason we were set up was to make the unheard, heard and make the invisible, visible. We work within a minority of a minority within the LGBTQ community. We have the intersectionality of black performers but who would be black and trans and black and non-binary. For us, Eurovision is a European cultural institution and we've not got many shared institutions like Eurovision, it's totally unique. It's seminal for us because we never know when we're going to get it again, it's part of history and we're going to be part of the Eurovision legacy of Liverpool.” |
||
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At year-end on 31/10/2023, the charity had £18,837 in the bank. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We hold three to six months of operating expenses as reserves. |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Given the strong cash position of the charity, there is no uncertainty surrounding the charity continuing as a going concern. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The principal source of funding comes from the Arts Council England, City of Liverpool and fundraising from small Trusts and Foundations. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution adopted on 11 OCT 2018 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 27 DEC 2019 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | A company limited by guarantee |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed or reappointed annually at the Annual General Meeting. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | N/A |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other |
Reference and Administrative details
| Charity name | Black Gold Arts |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1187546 |
| Charity’s principal address | C/o Slade & Cooper Beehive Mill Jersey Street Manchester M4 6JG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Nam e of pers on (or body ) entitl ed to appo int trust ee (if any) |
|---|---|---|---|---|
| Adam Lowe | Chair | |||
| Heena Patel | ||||
| Oskar Kelly Search Marchock |
||||
| Yvonne Daun Hepburn-Foster |
||||
| Michael Atkins | ||||
| 20 |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Dates acted if not for whole year
Trustee name
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|
|---|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | |||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Adam Lowe Position (eg Secretary, Chair Chair, etc) Date 23 July 2024
Registered number 11618092
BLACK GOLD ARTS
Report and Accounts
31 October 2023
BLACK GOLD ARTS Registered number: 11618092 Directors' Report
The directors present their report and accounts for the year ended 31 October 2023.
Principal activities
The company's principal activities during the year continued to be: (1) To advance public education in and appreciation of the arts, in all its aspects, in particular but not exclusively, arts created or produced by LGBTIQ+ ethnic minority people and allies through the provision of festivals, performances and exhibitions; and (2) to advance education for the public benefit, of LGBTIQ+ ethnic minority people and allies, in the arts in particular but not exclusively in theatre, visual arts, music film, dance and writing through the provision of talks, workshops, masterclasses and such other activities as determined by the trustees.
Directors
The following persons served as directors during the year:
Yvonne Hepburn-Foster Oskar Marchock Adam Lowe Heena Patel Michael Atkins
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on / /2024 and signed on its behalf.22 07
Yvonne Hepburn-Foster Director
1
BLACK GOLD ARTS
Report to the directors on the preparation of the unaudited statutory accounts of BLACK GOLD ARTS for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BLACK GOLD ARTS for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of BLACK GOLD ARTS, as a body, in accordance with the terms of our engagement letter dated 31 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of BLACK GOLD ARTS and state those matters that we have agreed to state to the Board of Directors of BLACK GOLD ARTS, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BLACK GOLD ARTS and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BLACK GOLD ARTS has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BLACK GOLD ARTS. You consider that BLACK GOLD ARTS is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BLACK GOLD ARTS. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Slade and Cooper Ltd Chartered Certified Accountants Beehive Mill Jersey Street Manchester M4 6JG
24/07/2024
2
BLACK GOLD ARTS Profit and Loss Account for the year ended 31 October 2023
| Turnover Cost of sales Gross loss Administrative expenses Other operating income Operating profit/(loss) Profit/(loss) before taxation Tax on profit/(loss) Profit/(loss) for the financial year |
2023 £ - (32,053) (32,053) (3,297) 45,020 9,670 9,670 - 9,670 |
2022 £ 2,800 (69,627) |
|---|---|---|
| (66,827) (23,510) 87,800 |
||
| (2,537) | ||
| (2,537) - |
||
| (2,537) |
3
BLACK GOLD ARTS Registered number: 11618092 Balance Sheet as at 31 October 2023
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 2 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 18,837 (1,020) 17,817 17,817 17,817 17,817 |
2022 £ 9,107 (960) 8,147 8,147 8,147 8,147 |
2022 £ 9,107 (960) 8,147 8,147 8,147 8,147 |
|---|---|---|---|
| 8,147 | |||
| 8,147 | |||
| 8,147 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yvonne Hepburn-Foster Director Approved by the board on / /202422 07
4
BLACK GOLD ARTS Notes to the Accounts for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| 2 | Creditors: amounts falling due within one year | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Other creditors | 1,020 | 960 |
5
BLACK GOLD ARTS
Notes to the Accounts for the year ended 31 October 2023
3 Other operating income
| Other operating income | ||||
|---|---|---|---|---|
| Arts Council England City of Liverpool Other |
Opening balance 2,661 - 5,486 8,147 |
Income 6,700 38,320 - 45,020 |
Expenditure - (35,350) - (35,350) |
2023 9,361 2,970 5,486 |
| 17,817 |
Purposes of the restricted funds
Arts Council England and City of Liverpool Other
Money received to fund artistic and production costs.
Funds transferred from unicorporated organisation.
4 Other information
BLACK GOLD ARTS is a private company limited by guarantee and incorporated in England. Its registered office is:
Beehive Mill Jersey Street Manchester M4 6JG
6
BLACK GOLD ARTS
Detailed profit and loss account for the year ended 31 October 2023
This schedule does not form part of the statutory accounts
| Sales Sales Cost of sales Artist Fees Production Costs Administrative expenses General administrative expenses: Bank charges Legal and professional costs: Accountancy fees Other legal and professional Other operating income Other operating income |
2023 £ - 26,573 3,621 32,053 72 1,957 1,020 320 1,340 3,297 45,020 |
2022 £ 2,800 |
|---|---|---|
| 19,369 50,258 |
||
| 69,627 | ||
| 54 | ||
| 54 | ||
| 960 22,496 |
||
| 23,456 | ||
| 23,510 | ||
| 87,800 |
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Slade & Cooper Chartered Certified Accountants and Registered Auditors
specialists in the charity, social enterprise and non-profit sectors
Our Ref: JD/AH/B089
24 July 2024
Jayne Crompton Black Gold Arts c/o Slade & Cooper Ltd Beehive Mill Jersey Street M4 6JG
Dear Jayne
We attach a fully signed set of accounts for the year ended 31 October 2023 for your records. We have filed your accounts with the Companies House online, attached is the filing log.
We have filed your corporation tax return and the accounts with HMRC, attached is the filing log.
We look forward to working with you again next year but in the meantime please do contact us if you need any advice.
Yours sincerely
Jennifer Daniel
Slade and Cooper Limited
Slade & Cooper Ltd, Beehive Mill, Jersey St, Ancoats, Manchester M4 6JG
t: 0161 710 1349 e: office@sladecooper.co.uk www.sladecooper.co.uk
Principals: Jennifer Daniel DChA FCCA, Katie Hall FCCA DChA, Christy Lau FCCA DChA CTA Slade & Cooper is a trading name of Slade & Cooper Ltd. Registered in England no. 5385401 Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants