BrightSparks Arts in Mental Health
Charity No. 1190327
Company No.
Trustees' Report and Unaudited Accounts
19 July 2023
BrightSparks Arts in Mental Health Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 to | 15 |
| Detailed Statement of Financial Activities | 16 to | 17 |
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 2023.
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
Beaumont Leys Health Centre Little Wood Road Leicester LE4 0UZ
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. Dyer
S. Elliott
G. McFarland
J. Nixon
M. Nugent L. Philips
Accountants
I Hate Numbers Limited
Forester Building 29-35 St Nicholas Place Leicester LE1 4LD
Bankers
The co-operative bank
OBJECTIVES AND ACTIVITIES
Page 2
BrightSparks Arts in Mental Health Trustees Annual Report
Our purpose is to protect and promote good health amongst people experiencing mental health conditions by providing creative opportunities for people living with mental health conditions in Leicester/Shire and beyond. The aim is to build self-esteem, develop skills and challenge stigma. We deliver workshops, projects, events, exhibitions and publications to showcase the work of participants, and provide advocacy and advice to organisation and the public.
ACHIEVEMENTS AND PERFORMANCE
The Co-ordinators have been very successful in attracting external funding into projects that they undertake and been innovative in finding ways to introduce sustainability into their work.
They have been highly successful in engaging ‘hard to reach’ and vulnerable mental health service users in their work expanding Bright Sparks reach and impact; and continue to expand, not only their own range of projects, but also supporting external partners in delivering high quality arts in mental health work. Examples of this work being:
· Service users sharing and creating arts collections on Facebook.
· The comedy Asylum employed 3 participatory artists.
· Smoothie Sound System now a part of delivering its own project.
FINANCIAL REVIEW
The results for the year ending 19 July 2023 are shown in the Statement of Financial Activities on page 5. This, together with the Balance Sheet on page 6, should be read with the related notes which have been prepared in accordance with the Charities SORP 2019 (FRS 102).
Total income for the year amounted to £80281 (2022: £117662). The principal funding source continued to be grant income. The charity does not carry out significant fundraising activities.
Total expenditure for the year amounted to £87386 (2022: £67937). A breakdown of expenditure is set out in the notes to the financial statements.
After transfers between funds, there was a deficit on unrestricted funds for year totalling £885 and a deficit on restricted funds totalling £6220. This has resulted in a total decrease for the year of £7105. This is primarily as a result of a significant project grant receipt in 2022 against which expenditure has been incurred this year.
The funds of the charity at the year end totalled £177394 which comprise restricted funds of £139726 and unrestricted funds of £37668.
Reserves
Page 3
BrightSparks Arts in Mental Health Trustees Annual Report
Reserves are needed to cover items of expenditure not covered by project income. The reserves policy of the Board of Trustees is currently under review. However, current unrestricted reserves balance of £37668 is deemed sufficient to meet any unexpected falls in income or exceptional expenditure in the near future.
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 27 April 2024
Page 4
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 financial statements of BrightSparks Arts in Mental Health for the year ended 19 July 2023.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements 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 financial statements 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:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 financial statements to be reached.
Mahmood Reza ACCA I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester
LE1 4LD 27 April 2024
Page 5
BrightSparks Arts in Mental Health Statement of Financial Activities
for the year ended 19 July 2023
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net gains on investments Net (expenditure)/income 9 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 8,424 1,134 |
Restricted funds 2023 £ 4,788 65,935 |
Total funds 2023 £ 13,212 67,069 |
Total funds 2022 £ 74,214 43,448 |
|---|---|---|---|---|
| 9,558 1,441 7,229 1,772 |
70,723 3,076 67,986 5,882 |
80,281 4,517 75,215 7,654 |
117,662 375 54,854 12,708 |
|
| 10,443 - |
76,943 - |
87,386 - |
67,937 - |
|
| (885) - |
(6,220) - |
(7,105) - |
49,725 - |
|
| (885) | (6,220) | (7,105) | 49,725 | |
| (885) 38,553 |
(6,220) 145,946 |
(7,105) 184,499 |
49,725 134,774 |
|
| 37,668 | 139,726 | 177,394 | 184,499 |
Page 6
BrightSparks Arts in Mental Health Summary Income and Expenditure Account
for the year ended 19 July 2023
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2023 £ 80,281 80,281 87,075 311 87,386 (7,105) (7,105) |
2022 £ 68,469 |
|---|---|---|
| 68,469 | ||
| 61,828 464 |
||
| 62,292 | ||
| 6,177 | ||
| 6,177 |
Page 7
BrightSparks Arts in Mental Health Balance Sheet
at 19 July 2023
| Company No. Notes 2023 £ Fixed assets Tangible assets 11 631 631 Current assets Debtors 12 466 Cash at bank and in hand 177,706 178,172 Creditors:Amount falling due within one year 13 (1,409) Net current assets 176,763 Total assets less current liabilities 177,394 Net assets excluding pension asset or liability 177,394 Total net assets 177,394 The funds of the charity Restricted funds 14 Restricted income funds 139,726 139,726 Unrestricted funds 14 General funds 37,668 37,668 Reserves 14 Total funds 177,394 |
2022 £ 942 |
|---|---|
| 942 409 184,557 |
|
| 184,966 (1,409) |
|
| 183,557 184,499 |
|
| 184,499 | |
| 184,499 | |
| 145,946 | |
| 145,946 38,553 |
|
| 38,553 | |
| 184,499 |
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 2023 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 27 April 2024
And signed on its behalf by:
J. Nixon Trustee
27 April 2024
Page 8
BrightSparks Arts in Mental Health Notes to the Accounts
for the year ended 19 July 2023
- 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 9
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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and equipment 33%% Reducing balance
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.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 10
BrightSparks Arts in Mental Health Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
||||
|---|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Charitable activities Other Total 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 4 Income from donations and legacies Donations 5 Income from charitable activities Development & Fundraising |
Unrestricted £ 8,424 8,424 Unrestricted £ 1,134 1,134 |
Unrestricted funds 2022 £ 13,000 3,432 16,432 375 2,222 12,708 15,305 1,127 18,057 19,184 19,184 19,369 38,553 Restricted £ 4,788 4,788 Restricted £ 65,935 65,935 |
Restricted funds 2022 £ 61,214 40,016 101,230 - 52,632 - 52,632 48,598 (18,057) 30,541 30,541 115,405 145,946 Total 2023 £ 13,212 13,212 Total 2023 £ 67,069 67,069 |
Total funds 2022 £ 74,214 43,448 |
| 117,662 375 54,854 12,708 |
||||
| 67,937 | ||||
| 49,725 - |
||||
| 49,725 | ||||
| 49,725 134,774 |
||||
| 184,499 | ||||
| Total 2022 £ 74,214 |
||||
| 74,214 | ||||
| Total 2022 £ 43,448 |
||||
| 43,448 |
Page 11
BrightSparks Arts in Mental Health Notes to the Accounts
6 Expenditure on raising funds
| Costs of generating voluntary income Donations 7 Expenditure on charitable activities Expenditure on charitable activities Project & Workshop Delivery Governance costs 8 Other expenditure-all support costs are allocated to charitable activities Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 10 Staff costs No employee received emoluments in excess |
Unrestricted £ 1,441 1,441 Unrestricted £ 7,229 7,229 Unrestricted £ 0 0 0 82 1,690 1,772 of £60,000. |
Restricted £ 3,076 3,076 Restricted £ 67,986 67,986 Restricted £ 97 2,871 311 2,503 100 5,882 2023 £ 311 |
Total 2023 £ 4,517 4,517 Total 2023 £ 75,215 75,215 Total 2023 £ 97 2,871 311 2,585 1,790 7,654 |
Total 2022 £ 375 |
|---|---|---|---|---|
| 375 | ||||
| Total 2022 £ 54,854 |
||||
| 54,854 | ||||
| Total 2022 £ 3,000 1,012 464 2,906 5,326 |
||||
| 12,708 | ||||
| 2022 £ 464 |
Page 12
BrightSparks Arts in Mental Health Notes to the Accounts
11 Tangible fixed assets
| Cost or revaluation Additions At 19 July 2023 Depreciation and impairment Depreciation charge for the year At 19 July 2023 Net book values At 19 July 2023 12 Debtors Prepayments and accrued income 13 Creditors: amounts falling due within one year Accruals |
2023 £ 466 466 2023 £ 1,409 1,409 |
Fixtures and equipment £ 1,406 1,406 775 775 631 |
Total £ 1,406 |
|---|---|---|---|
| 1,406 | |||
| 775 | |||
| 775 | |||
| 631 | |||
| 2022 £ 409 |
|||
| 409 | |||
| 2022 £ 1,409 |
|||
| 1,409 |
Page 13
BrightSparks Arts in Mental Health Notes to the Accounts
14 Movement in funds
| Restricted funds: Restricted income funds: Green Room Gardeners House of Circus Pictures + framing All for One Vaccine All Together National Lottery Arts Workshops Attenborough Art BLF Comedy Asylum Comedy on the Bus MHSCE Arts Workshops MHSCE Sounds Inc. Painting for Wellbeing Remote art Riverside Festival 2022 School of Comedy Smoothie Launch Fund Word Comedy Wellbeing Hubs Community Matters Other Funds Total Unrestricted funds: General funds Total funds 15 Analysis of net assets between funds Fixed assets Net current assets |
At 20 July 2022 1,962 663 2,387 1,812 9,000 1,200 1,904 11,191 11,417 1,507 3,660 1,202 3,593 3,765 64,300 19,100 1,700 - - 5,583 145,946 38,553 |
Incoming resources (including other gains/losses ) £ 1,800 28 20 4,730 - 1,850 - 28,315 - - - - - 845 - - - 29,215 3,420 500 70,723 9,558 |
Resources expended £ - (400) - (500) (2,430) (2,090) - (13,917) (7,908) (585) (42) - - (2,508) (28,080) (5,520) - (9,339) (2,839) (784) (76,943) (10,443) |
At 19 July 2023 £ 3,762 291 2,407 6,042 6,570 960 1,904 25,589 3,509 922 3,618 1,202 3,593 2,102 36,220 13,580 1,700 19,876 581 5,299 |
|---|---|---|---|---|
| 139,726 | ||||
| 37,668 | ||||
| 184,499 | 80,281 | (87,386) Unrestricted funds £ 631 176,763 177,394 |
||
| 177,394 | ||||
| Total £ 631 176,763 |
||||
| 177,394 |
Page 14
BrightSparks Arts in Mental Health Notes to the Accounts
16 Reconciliation of net debt
| Cash and cash equivalents Net debt |
At 20 July 2022 £ |
Cash flows £ |
At 19 July 2023 £ |
|---|---|---|---|
| 184,557 | (6,851) | 177,706 | |
| 184,557 184,557 |
(6,851) (6,851) |
177,706 | |
| 177,706 |
17 Related party disclosures Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 15
BrightSparks Arts in Mental Health Detailed Statement of Financial Activities
for the year ended 19 July 2023
| Income and endowments from: Donations and legacies Donations Charitable activities Development & Fundraising Total income and endowments Expenditure on: Costs of generating donations and legacies Donations Total of expenditure on raising funds Charitable activities Project & Workshop Delivery Total of expenditure on charitable activities Motor and travel costs Travel and subsistence Premises costs Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Fixtures and equipment General insurances Information and publications Sundry expenses Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping |
Unrestricte d funds 2023 £ 8,424 8,424 1,134 1,134 9,558 1,441 1,441 1,441 7,229 7,229 7,229 0 0 0 0 0 82 - - 82 660 1,030 |
Restricted funds 2023 £ 4,788 4,788 65,935 65,935 70,723 3,076 3,076 3,076 67,986 67,986 67,986 97 97 2,871 2,871 311 409 2,094 - 2,814 - - |
Total funds 2023 £ 13,212 13,212 67,069 67,069 80,281 4,517 4,517 4,517 75,215 75,215 75,215 97 97 2,871 2,871 311 491 2,094 - 2,896 660 1,030 |
Total funds 2022 £ 74,214 |
|---|---|---|---|---|
| 74,214 | ||||
| 43,448 | ||||
| 43,448 | ||||
| 117,662 375 |
||||
| 375 | ||||
| 375 54,854 |
||||
| 54,854 | ||||
| 54,854 3,000 |
||||
| 3,000 | ||||
| 1,012 | ||||
| 1,012 | ||||
| 464 94 3,040 (228) |
||||
| 3,370 | ||||
| 750 50 |
Page 16
BrightSparks Arts in Mental Health Detailed Statement of Financial Activities
| BrightSparks Arts in Mental Health Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Consultancy fees Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- 1,690 1,772 10,443 - (885) (885) - (885) 38,553 37,668 |
100 100 5,882 76,943 - (6,220) (6,220) - (6,220) 145,946 139,726 |
100 1,790 7,654 87,386 - (7,105) (7,105) - (7,105) 184,499 177,394 |
4,526 |
| 5,326 | ||||
| 12,708 | ||||
| 67,937 - |
||||
| 49,725 | ||||
| 49,725 - |
||||
| 49,725 | ||||
| 134,774 | ||||
| 184,499 |
Page 17