Pop Arts Charitable Incorporated Organisation
Charity Number 1188328
Annual Report and Financial Statements
Period from 4[th] March 2020 to 31[st] March 2021
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POP ARTS REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number 1188328 Trustees Mrs R Corby-Marler (appointed 4.3.20) Miss G Corby (appointed 4.3.20) Miss E Withnall (appointed 4.3.20) Miss R Cummings (appointed 11.5.20) Secretary Miss G Corby Contact address 26 Wynnstay St Liverpool L8 3UH Bankers The Co-operative Bank 1-3 Parker St Liverpool L1 1DJ Independent Examiner M R Heaton FCCA FCIE DChA KM Chartered Accountants 1[st] Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG
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POP ARTS
TRUSTEES ANNUAL REPORT
The trustees present their report with the financial statements of the charity for the period ended 31[st] March 2021.
This is the first report of the Charitable Incorporated Organisation.
OBJECTIVES AND ACTIVITIES
The objects of the charity as set out in its constitution are:
To advance the education of young people with special educational needs and disabilities (SEND) and/or disadvantaged young people (i.e., looked after children and/or young people in receipt of pupil premium funding) within the United Kingdom, through the encouragement of the arts including, without any limitation, film, animation, drama, dance, singing and music.
To advance in life and help young people through: (a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve conditions of life for young people. (b) providing support and activities, which develop skills, capacities and capabilities to enable young people to participate in society as mature and responsible individuals.
Achievements and Performance
Pop Arts has supported twenty-three young people living in the Merseyside area, via our bespoke one to one music mentoring programme. All of the young people we’ve supported have special educational needs and disabilities (SEND) and/or are disadvantaged (i.e., looked after children and/or young people in receipt of pupil premium funding). On average, each participant met weekly with their music mentor for a course of 8 to 12 weeks, where they created original pieces of music. Feedback from our participants, shows that 100% believe the sessions helped to improve their confidence, made them feel more positive, made them feel happier and improved their music skills.
Financial Review
Pop Arts has been funded by grant donations from the following organisations:
LCR Cares COVID-19 Community Support The Ann and Ray Messer Foundation Arts Council England Foyle Foundation National Lottery Awards for All
Pop Arts was also successful in a bid to deliver a contract for the Barnardo’s See, Hear, Respond charity partnership.
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All funding has been spent solely on the sessional costs of delivering our mentoring programmes, with the exception of a small sum for necessary insurances and the running of our charity’s website and mailbox. Our music mentor is paid an hourly rate which is in line with the Musicians’ Union’s recommended teaching rates of pay for 2020-2021.
Reserves Policy
We do not currently hold any unrestricted reserve. As the charity grows, we will assess our reserve position, but since we currently only operate on a project-to-project basis, and with no full-time employees, there is very minimal need for us to hold a reserve as an organisation.
In the future we may decide to hold a reserve for contingency costs. For example, when a participant fails to attend a session (without giving notice) it is our charity policy that we would still pay the mentor for their time. Having a reserve for contingency would allow the charity, at our discretion, to provide another session to that participant, to replace the one they had lost from their funding.
Plans for Future Periods
To increase our funding so that we are able to support more disadvantaged young people living in Merseyside. We also hope to find a permanent Pop Arts studio space in Liverpool, which will help to reduce our expenditure on professional recording studio hire. Since we have successfully delivered a number of online support programmes, we are considering applying for funding to support disadvantaged young people throughout the UK and not just for those who reside in the Merseyside area. We have recently been awarded a grant from Children In Need, which will provide us some funding for the next accounting year.
Public Benefit
In accordance with their objectives for this year, and with due regard to the published Charity Commission guidance on the operation of the Public Benefit requirements of the Charities Act 2006, the trustees have undertaken appropriate activities in furtherance of these aims for the public benefit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is a Foundation CIO which is governed by its constitution dated 4[th] March 2020.
Pop Arts is run by the charity trustees, who meet annually four times a year. The day-to-day management is carried out by the Secretary/Treasurer, who also takes responsibility for the charity’s funding bids.
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Our trustees have all worked with young and vulnerable people, in varying capacities. 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. 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.
Risk Assessment
The Trustees have carried out a detailed review of the charity's activities and produced a comprehensive plan setting out the risks to which it was exposed. A strategy has been implemented to establish systems and procedures to mitigate those risks identified. These will be reviewed annually.
Approved by the trustees on 12[th] January 2021 and signed on its behalf by:
Miss G Corby
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POP ARTS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POP ARTS
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31[st] March 2021.
Responsibilities and basis of report
As the charity's trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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(1) accounting records were not kept in respect of the charity as required by Section 130 of the Act; or
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(2) the accounts do not accord with those records.
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.
M R Heaton FCCA FCIE DChA KM Chartered Accountants 1[st] Floor, Block C, The Wharf Burnley Lancashire BB11 1JG
25[th] May 2021
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POP ARTS
RECEIPTS AND PAYMENTS ACCOUNT
| Unrestricted | Restricted | ||
|---|---|---|---|
| Funds (£) | Funds (£) | ||
| RECEIPTS | |||
| LCR Cares COVID-19 Community Support | £2500 | ||
| The Ann and Ray Messer Foundation | £1980 | ||
| Barnardo’s | £2640 | ||
| Arts Council England | £4950 | ||
| Foyle Foundation | £3000 | ||
| National Lottery Awards for All | £9950 | ||
| Total receipts | £0 | £25,020 | |
| PAYMENTS | |||
| Session leaders | £12549 | ||
| Activities | £480 | ||
| Insurance | £250 | ||
| Website and mailbox | £8 | ||
| Total payments | £0 | £13287 | |
| Net of receipts (payments) | £0 | £11733 | |
| Cash funds carried forward | £0 | £11733 | |
| POP ARTS | |||
| STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH 2021 | |||
| Bank balances | £0 | £11733 | |
| Liabilities | £0 | £420 |
These accounts were approved by the trustees on 9[th] May 2021 and signed on their behalf by:
Miss G Corby – Trustee
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POP ARTS
NOTES TO THE FINANCIAL STATEMENTS
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1 Basis of preparation These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities Act 2011.
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2 Fund Accounting
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(a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity
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(b) Restricted fund balances are as follows:
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The Ann and Ray Messer Foundation £45
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Arts Council England £2763
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Foyle Foundation £3,000
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National Lottery Awards for All £5,925
- 3 Taxation
The charity is not liable to tax on its charitable activities.
The charity is not registered for VAT. Irrecoverable VAT is included in the expense to which it relates.
- 4 Transactions with trustees
No remuneration nor expenses were paid to trustees or any persons connected with them during the period.
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