CHARITY COMMISSION Trustees, Annual Report fof the period urJllEFJU . Section A Relerence and administralion detai15 Charity nane FRIQHTsfAe¥s ARTS HSALIH cio Othw narnes the tharity is known by Registered (harily number lif ￿v> rJuEJUE chaiily's principal althess Postcode Names of the charity trustee5 who manage the chaiity Name of person (or body) entitled to appolnt twstee {il any> Offi￿ any) Date5 arted If fftot hr whole ye Irustse Name riE hJ¥tCrEwr JfE¥JE Pilp SLA2(4rvfvE FLLIO r IOE fvJIX o ADAM A IN1£￿0£r11 CAAI c£f 10 12 13 14 15 16 17 18 19 20 Narne5 of the irusiees lor the charity. it aty Ilor example. any custodian trustees) Name Oates arted If not fw wholt year TAR 2012 Section A Releience and adrninistralion detai15 (continued) Name5 And addresse5 of advisers lo Type ot ad¥*se* itTrl(Mmationl ame Addiess 18z6o Name ol c￿1 execulive or names ol Sen1￿ 51aFI mem￿r5 (optiond rnl(Kmaiionl Section B Structure, governance and management Desiwiption ol ihe charity s Iiusis lype ol governing documenl leg tiusl dped. con51iitjiion H¢)w Ihe chawity is consliiuled leg iru5t. associat￿n. iompany) fou•JDrt-Ti o)Ni Truslee seleilion mellv)ds leg app￿"￿ted hy. eletfed by) Additional goveinance is5￿ loptional inl(Mmation You may thoose 10 include addit￿nal Inloitnoiton. wheie ielevani. aboul. policies pvotedvies adopied loi ihe iftduilion ènd Iiainiftg ol tiU5tees," the chafily'5 OFganIsal￿a stl¢J(l￿e aThl wider ftelwork wilh which Ihe chairty woik relaiion5hip with any relaied partie& tIlJSlees' ionside(aiioo ol Ma1￿ iisks and ihe system afid pi(Kpdure5 10 fflanage t￿m. A GOOAMITrFF OF ME•VTrL rtErtLI }( ÉeRvtr6£ LLEE ￿s h4E>TS rb PiSLUbS oeEl*FfioN*tL &55uEs * DEvELpe•uÉMS + FEFOS IAJTV TtrE goftLD OF f%th5 feES IS sufro£T60 LLlclSTÉL%HIII oppeiEYJ 64 TrIE frrtTS rtFIpLftl Loo￿1￿jAT>tJ DÉ OF 6*ItsrfTSPrtIKS Rrtrs ifvj HEALTM CIV. Tv rmf ¢AIA*iry ifv Itd KIVIS sPS4 i•trL i¢r ADv.If££ ft5 Trti* AIYY TAR Marth 2012 Se(tion C Objeitives and activities SurnM￿Y ol the obiecis ol ihe tharily Sel oul 115 goveining docuinenl lo PAoi Écf i PROMO T E Lr)ob ttSnLTH ¢•VO1TiO￿￿. & &V 1 iLUL-•7rt 7Trt£ Summary ol the rnain aclNlties undertaken lo¥ the public benelit in rdation lo these objects linclude wilhin this seclion the slaluloiy declarolion that liUStee5 had iegafd lo Ihe guidance issued by Ihe Chaiiiy Commission on public beoelii} f£Ov,S IDAJ OF /trtr5 6rt5E47 u￿A￿s￿¥eS Plo JEcrs L40L-ILbl iithJ& Sxkn6iTI)•klS Additional details of otyeclives and acti￿lIeS (Opi￿￿& inlorm&iioTr) You rnay clwist to inckKle luilher staiefflenis. wheie relevant, about.. . poh.cy oll ￿a￿lMakin . policy programme idated ifftieslmen(. ' contiibution made lry Volunte￿5. Section D Achievements and perfoimanie Summaiy ol Ihe main a(h￿emenTS ol Ihe I￿ritY durirty Ihc year tsmo i f A Ar OG tr IUE rfe O.. %Itt+￿6￿$I￿￿ 6￿£￿rivI¥ of ?00 PeveL )L4rr?ArLo 6Y rtfty£s **Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**2021**
**£**
35,460
2,990
1,500|**Restricted**
**funds**
**2021**
**£**
242
33,582
-|**Total funds**
**2021**
**£**
35,702
36,572
1,500| |---|---|---|---| ||39,950
219
33,878
9,575|33,824
594
18,988
20|73,774
813
52,866
9,595| ||43,672
-|19,602
-|63,274
-| ||(3,722)
-|14,222
-|10,500
-| ||(3,722)|14,222|10,500| ||(3,722)
90,253|14,222
13,418|10,500
103,671| ||86,531|27,640|114,171| Page 5 **BrightSparks Arts in Mental Health Summary Income and Expenditure Account** ## **for the year ended 19 July 2021** |Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2021**
**£**
73,774| |---|---| ||73,774| ||63,274| ||63,274| ||10,500| ||10,500| Page 6 **BrightSparks Arts in Mental Health Balance Sheet** **at 19 July 2021** |**at 19 July 2021**||| |---|---|---| |**Company No.**|**Notes**|**2021**| |||**£**| |**Current assets**||| |Cash at bank and in hand||114,781| |||114,781| |**Net current assets**||114,781| |**Total assets less current liabilities**||114,781| |**Creditors:**Amounts falling due after more than one year|10|(610)| |**Net assets excluding pension asset or liability**||114,171| |**Total net assets**||114,171| |**The funds of the charity**||| |**Restricted funds**|11|| |Restricted income funds||27,640| |||27,640| |**Unrestricted funds**|11|| |General funds||86,531| |||86,531| |**Reserves**|11|| |**Total funds**||114,171| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 19 July 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 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. Approved by the board on 16 November 2021 And signed on its behalf by: J. Nixon Trustee 16 November 2021 Page 7 **BrightSparks Arts in Mental Health Notes to the Accounts** **for the year ended 19 July 2021** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 8 **BrightSparks Arts in Mental Health Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Trade and other 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. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other 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. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. Page 9 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 3 **Income from donations and legacies** |Donations
4
**Income from charitable activities**
Development & Fundraising
5
**Income from other trading activities**
6
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Donations
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Development & Fundraising
Project & Workshop Delivery
_Governance costs_|**Unrestricted**
**£**
35,460
35,460
**Unrestricted**
**£**
2,990
2,990
**Unrestricted**
**£**
219
219
**Unrestricted**
**£**
2,320
31,558
33,878|**Restricted**
**£**
242
242
**Restricted**
**£**
33,582
33,582
**Unrestricted**
**£**
1,500
1,500
**Restricted**
**£**
594
594
**Restricted**
**£**
5,048
13,940
18,988|**Total**
**2021**
**£**
35,702| |---|---|---|---| ||||35,702| ||||**Total**
**2021**
**£**
36,572| ||||36,572| ||||**Total**
**2021**
**£**
1,500| ||||1,500| ||||**Total**
**2021**
**£**
813| ||||813| ||||**Total**
**2021**
**£**
7,368
45,498| ||||52,866| Page 10 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 8 **Other expenditure** |**Other expenditure**|||| |---|---|---|---| |General administrative costs
Legal and professional costs|**Unrestricted**
**£**
8,785
790
9,575|**Restricted**
**£**
20
-
20|**Total**
**2021**
**£**
8,805
790| ||||9,595| ## 9 **Staff costs** No employee received emoluments in excess of £60,000. ## 10 **Creditors:** |**Creditors:**|| |---|---| |amounts falling due after more than one year
Accruals and deferred income|**2021**
**£**
610| ||610| Page 11 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 11 **Movement in funds** |**Endowment funds:**
**Restricted funds:**
Baring Foundation
BrightSparks on-Line
Green Room Gardeners
House of Circus
Pictures and Frames
Smoothie
Sounds Inclusive
U Matter
Funds < £1,100
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**|**At 20 July**
**2020**
-
-
1,111
1,223
3,914
2,013
2,836
-
2,321
13,418
90,253
103,671|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
12,000
12,282
1,000
30
-
30
30
8,300
152
33,824
39,950
73,774|**Resources**
**expended**
**£**
(8,725)
(5,809)
(100)
-
(38)
-
-
(4,900)
(30)
(19,602)
(43,672)
(63,274)|**At 19 July**
**2021**
**£**
3,275
6,473
2,011
1,253
3,876
2,043
2,866
3,400
2,443| |---|---|---|---|---| |||||27,640| |||||86,531| |||||114,171| Purposes and restrictions in relation to the funds: **Restricted funds:** Baring Foundation BrightSparks on-Line Green Room Gardeners House of Circus Pictures and Frames Smoothie Sounds Inclusive U Matter Funds < £1,100 Page 12 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 12 **Analysis of net assets between funds** |**Analysis of net assets between funds**||| |---|---|---| |Net current assets
Creditors due in more than one year and
provisions
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
114,781
(610)
114,171
**Cash flows**
**£**|**Total**
**£**
114,781
(610)| |||114,171| |||**At 19 July**
**2021**
**£**| ||114,781|114,781| ||114,781
114,781|114,781| |||114,781| ## 13 **Reconciliation of net debt** ## 14 **Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 13 **BrightSparks Arts in Mental Health Detailed Statement of Financial Activities** ## **for the year ended 19 July 2021** |**Income and endowments from:**
Donations and legacies
Donations
Charitable activities
Development & Fundraising
Other trading activities
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Donations
**Total of expenditure on raising**
**funds**
Charitable activities
Development & Fundraising
Project & Workshop Delivery
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
Information and publications
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
**Total of expenditure of other costs**|**Unrestricte**
**d funds**
**2021**
**£**
35,460
35,460
2,990
2,990
1,500
1,500
39,950
219
219
219
2,320
31,558
33,878
33,878
1,420
75
102
7,188
8,785
610
180
790
9,575|**Restricted**
**funds**
**2021**
**£**
242
242
33,582
33,582
-
-
33,824
594
594
594
5,048
13,940
18,988
18,988
-
-
-
20
20
-
-
-
20|**Total funds**
**2021**
**£**
35,702| |---|---|---|---| ||||35,702| ||||36,572| ||||36,572| ||||1,500| ||||1,500| ||||73,774
813| ||||813| ||||813
7,368
45,498| ||||52,866| ||||52,866
1,420
75
102
7,208| ||||8,805| ||||610
180| ||||790| ||||| ||||9,595| Page 14 **BrightSparks Arts in Mental Health Detailed Statement of Financial Activities** |**BrightSparks Arts in Mental Health**
**Detailed Statement of Financial Activities**|||| |---|---|---|---| |**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|43,672
-
(3,722)
(3,722)
-
(3,722)
90,253
86,531|19,602
-
14,222
14,222
-
14,222
13,418
27,640|63,274
-| ||||10,500| ||||10,500
-| ||||10,500| ||||103,671| ||||114,171| Page 15 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by sallie varnam using authentication code OC81SS5rR01sdSEm at IP address 62.64.188.51, on 2022/01/21 13:22:16 Z. sallie varnam's e-mail address is: varnamsallie@gmail.com. ## **BrightSparks Arts in Mental Health** **Charity No. 1190327** **Company No.** ## **Trustees' Report and Unaudited Accounts** **19 July 2021** **BrightSparks Arts in Mental Health Contents** ||Pages|| |---|---|---| |Trustees' Annual Report||2| |Independent Examiner's Report||4| |Statement of Financial Activities||5| |Summary Income and Expenditure Account||6| |Balance Sheet||7| |Notes to the Accounts||8| |Detailed Statement of Financial Activities|14 to|15| Page 1 **BrightSparks Arts in Mental Health Trustees Annual Report** The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 19 July 2021. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No.** ## **Charity No. 1190327** ## **Principal Office** Leicestershire Partnership Trust Suite P1 Bridge Park Road Thurmaston Leicester LE4 8PQ ## **Registered Office** Leicestershire Partnership Suite P1 Bridge Park Road Thurmaston LE4 8PQ ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: A. Ainsworth S. Dyek S. Elliott M. Fattorini (Resigned 21 September 2021) G. McFarland J. Nixon M. Nugent L. Philips ## **Accountants** Pro Active Accounting Forester Building 29-35 St Nicholas Place Leicester LE1 4LD ## **OBJECTIVES AND ACTIVITIES** To protect and promote good health among people experiencing mental health conditions., in particular through the provision of arts based activities. Page 2 **BrightSparks Arts in Mental Health Trustees Annual Report** Provision of arts based workshops, project, publications, exhibitions and events ## **ACHIEVEMENTS AND PERFORMANCE** - Remote art programme delivered: writing, visual arts and comedy workshops delivered via Zoom. - Every Brilliant Thing Facebook page showcasing creativity of 300 people - Service user participatory artists supported by Carlton Hayes charity - Delivery of the Comedy Asylum through online weekly workshops, pilot of the School of Comedy funded by the National Lottery Community fund - Sounds Inclusive Project * Provision of tablets and training to enable service users to access the Internet (including on line offer) throughout the lockdown The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board J. Nixon Trustee 16 November 2021 Page 3 **BrightSparks Arts in Mental Health Independent Examiners Report** ## **Independent Examiner's Report to the trustees of BrightSparks Arts in Mental Health** I report to the charity trustees on my examination of the accounts of BrightSparks Arts in Mental Health for the year ended 19 July 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the accounts do not accord with those records; or - the accounts do not comply with the accounting requirements under section 396 of the 2006 Act 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; or - the accounts have not been prepared in accordance with the Charities SORP (FRS 102). 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. Mahmood Reza Chartered Association of Chartered Certified Accountants Pro Active Accounting Forester Building 29-35 St Nicholas Place Leicester LE1 4LD 16 November 2021 Page 4 **BrightSparks Arts in Mental Health Statement of Financial Activities** ## **for the year ended 19 July 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**2021**
**£**
35,460
2,990
1,500|**Restricted**
**funds**
**2021**
**£**
242
33,582
-|**Total funds**
**2021**
**£**
35,702
36,572
1,500| |---|---|---|---| ||39,950
219
33,878
9,575|33,824
594
18,988
20|73,774
813
52,866
9,595| ||43,672
-|19,602
-|63,274
-| ||(3,722)
-|14,222
-|10,500
-| ||(3,722)|14,222|10,500| ||(3,722)
90,253|14,222
13,418|10,500
103,671| ||86,531|27,640|114,171| Page 5 **BrightSparks Arts in Mental Health Summary Income and Expenditure Account** ## **for the year ended 19 July 2021** |Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2021**
**£**
73,774| |---|---| ||73,774| ||63,274| ||63,274| ||10,500| ||10,500| Page 6 **BrightSparks Arts in Mental Health Balance Sheet** **at 19 July 2021** |**at 19 July 2021**||| |---|---|---| |**Company No.**|**Notes**|**2021**| |||**£**| |**Current assets**||| |Cash at bank and in hand||114,781| |||114,781| |**Net current assets**||114,781| |**Total assets less current liabilities**||114,781| |**Creditors:**Amounts falling due after more than one year|10|(610)| |**Net assets excluding pension asset or liability**||114,171| |**Total net assets**||114,171| |**The funds of the charity**||| |**Restricted funds**|11|| |Restricted income funds||27,640| |||27,640| |**Unrestricted funds**|11|| |General funds||86,531| |||86,531| |**Reserves**|11|| |**Total funds**||114,171| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 19 July 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 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. Approved by the board on 16 November 2021 And signed on its behalf by: J. Nixon Trustee 16 November 2021 Page 7 **BrightSparks Arts in Mental Health Notes to the Accounts** **for the year ended 19 July 2021** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 8 **BrightSparks Arts in Mental Health Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Trade and other 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. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other 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. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. Page 9 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 3 **Income from donations and legacies** |Donations
4
**Income from charitable activities**
Development & Fundraising
5
**Income from other trading activities**
6
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Donations
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Development & Fundraising
Project & Workshop Delivery
_Governance costs_|**Unrestricted**
**£**
35,460
35,460
**Unrestricted**
**£**
2,990
2,990
**Unrestricted**
**£**
219
219
**Unrestricted**
**£**
2,320
31,558
33,878|**Restricted**
**£**
242
242
**Restricted**
**£**
33,582
33,582
**Unrestricted**
**£**
1,500
1,500
**Restricted**
**£**
594
594
**Restricted**
**£**
5,048
13,940
18,988|**Total**
**2021**
**£**
35,702| |---|---|---|---| ||||35,702| ||||**Total**
**2021**
**£**
36,572| ||||36,572| ||||**Total**
**2021**
**£**
1,500| ||||1,500| ||||**Total**
**2021**
**£**
813| ||||813| ||||**Total**
**2021**
**£**
7,368
45,498| ||||52,866| Page 10 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 8 **Other expenditure** |**Other expenditure**|||| |---|---|---|---| |General administrative costs
Legal and professional costs|**Unrestricted**
**£**
8,785
790
9,575|**Restricted**
**£**
20
-
20|**Total**
**2021**
**£**
8,805
790| ||||9,595| ## 9 **Staff costs** No employee received emoluments in excess of £60,000. ## 10 **Creditors:** |**Creditors:**|| |---|---| |amounts falling due after more than one year
Accruals and deferred income|**2021**
**£**
610| ||610| Page 11 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 11 **Movement in funds** |**Endowment funds:**
**Restricted funds:**
Baring Foundation
BrightSparks on-Line
Green Room Gardeners
House of Circus
Pictures and Frames
Smoothie
Sounds Inclusive
U Matter
Funds < £1,100
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**|**At 20 July**
**2020**
-
-
1,111
1,223
3,914
2,013
2,836
-
2,321
13,418
90,253
103,671|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
12,000
12,282
1,000
30
-
30
30
8,300
152
33,824
39,950
73,774|**Resources**
**expended**
**£**
(8,725)
(5,809)
(100)
-
(38)
-
-
(4,900)
(30)
(19,602)
(43,672)
(63,274)|**At 19 July**
**2021**
**£**
3,275
6,473
2,011
1,253
3,876
2,043
2,866
3,400
2,443| |---|---|---|---|---| |||||27,640| |||||86,531| |||||114,171| Purposes and restrictions in relation to the funds: **Restricted funds:** Baring Foundation BrightSparks on-Line Green Room Gardeners House of Circus Pictures and Frames Smoothie Sounds Inclusive U Matter Funds < £1,100 Page 12 **BrightSparks Arts in Mental Health Notes to the Accounts** ## 12 **Analysis of net assets between funds** |**Analysis of net assets between funds**||| |---|---|---| |Net current assets
Creditors due in more than one year and
provisions
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
114,781
(610)
114,171
**Cash flows**
**£**|**Total**
**£**
114,781
(610)| |||114,171| |||**At 19 July**
**2021**
**£**| ||114,781|114,781| ||114,781
114,781|114,781| |||114,781| ## 13 **Reconciliation of net debt** ## 14 **Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 13 **BrightSparks Arts in Mental Health Detailed Statement of Financial Activities** ## **for the year ended 19 July 2021** |**Income and endowments from:**
Donations and legacies
Donations
Charitable activities
Development & Fundraising
Other trading activities
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Donations
**Total of expenditure on raising**
**funds**
Charitable activities
Development & Fundraising
Project & Workshop Delivery
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
Information and publications
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
**Total of expenditure of other costs**|**Unrestricte**
**d funds**
**2021**
**£**
35,460
35,460
2,990
2,990
1,500
1,500
39,950
219
219
219
2,320
31,558
33,878
33,878
1,420
75
102
7,188
8,785
610
180
790
9,575|**Restricted**
**funds**
**2021**
**£**
242
242
33,582
33,582
-
-
33,824
594
594
594
5,048
13,940
18,988
18,988
-
-
-
20
20
-
-
-
20|**Total funds**
**2021**
**£**
35,702| |---|---|---|---| ||||35,702| ||||36,572| ||||36,572| ||||1,500| ||||1,500| ||||73,774
813| ||||813| ||||813
7,368
45,498| ||||52,866| ||||52,866
1,420
75
102
7,208| ||||8,805| ||||610
180| ||||790| ||||| ||||9,595| Page 14 **BrightSparks Arts in Mental Health Detailed Statement of Financial Activities** |**BrightSparks Arts in Mental Health**
**Detailed Statement of Financial Activities**|||| |---|---|---|---| |**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|43,672
-
(3,722)
(3,722)
-
(3,722)
90,253
86,531|19,602
-
14,222
14,222
-
14,222
13,418
27,640|63,274
-| ||||10,500| ||||10,500
-| ||||10,500| ||||103,671| ||||114,171| Page 15