# ## ## |CONTENTS||| |---|---|---| |CONTENTS||| |WELCOME||| |LEGAL 8 ADMINISTRATIVE|INFORMATION.|| |TRUSTEES' REPORT||| |FINANCIAL
REVIEW||| |TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS ....||| |INDEPENDENT AUDITOR'S|REPORT TO THE TRUSTEES OF BMM UK.|...16| |STATEMENT OF FINANCIAL|ACTIVITIES|19| |BALANCE SHEET||20| |STATEMENT OF CASHFLOWS||21| |NOTES TO THE FINANCIAL|STATEMENTS|...22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||Notes|Total funds|Total funds| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||Last year 18| ||||||||||||months to| ||||||||||||30.06.22| |Cash flows from operating||activities:|||||||||| |Net income for the reporting|period (as per the|||statement||offinancial||activities)|||| |||||||||||882,308|145,730| |Adjustment
for:|||||||||||| |Debtors||||||||||16,667|(27,353)| |Depreciation||||||||||1,381|402| |Creditors||||||||||8,947|23,746| |Net cash provided by (usedin operating||||activities||||||891,409|142,525| |Cash flows from investing||activities:|||||||||| |Purchase ofcomputers|||||||||||4,143| |Net cash provided by (usedininvesting||||activities|||||||4,143| |Change
in cash and cash||equivalents|in|the|reporting||period|||891,409|138,382| |Cash and cash equivalents||atthe beginning|||ofthe reporting|||period||138,382|| |Cash and cash equivalents||atthe end|of|the|reporting||period|||1,029,791|138,382| ## ## ## ## |Note 2||Accounting
policies| |---|---|---| |2.1 INCOME||| |Recognition|ofIncome|These are induded
in the Statement ofFinancial Activities (SoFA) when:| |||the charity becomes entitled to the resources;| |||it is more likely than not that the trustees
will receive the resources; and| |||the monetary
value can be measured
with sufitcient
reliability.| |||Funds raised in Oxfordshire
Community
Fund on behalf of BMM UK are not recognised
in the SoFA until disbursements
are applied for and received.| |Offsetting||There has been no offsetting ofassets and liabilities, or income and expenses, unless required
or permitted
by the FRS 102
SORP or FRS 102.| |Income and|endowments|Afi income is recognised once the charity has entitlement
to the income,
it is probable
that the income
will be received and the
amount ofthe income receivable can be measured
reliably.| |ran
an|ona
ons|Grants and donations
are only induded
in the SoFAwhen the general income recognition
criteria are met (5.10to 5.12
FRS102SORP)| |Tax reclaims on
donations
and gifts||Gift Aid receivable
is included
in income when there isa valid dedaration
from the donor.
Any Gift Aid amount recovered
on a
donation
is considered
to be part ofthat gift and is treated as an addition
to the same fund as the initial donation
unless the
donor orthe terms ofthe appeal have specified otherwise.| |Contractual
performance
grants|income and
related|This is only induded
in the SoFAonce the charity has provided
the related goods or services or met the performance
related
conditions.| |Donated goods||Donated goods are measured
at fair value (the amount for which the asset could be exchanged)
unless impractical
to do so or
the cost outweighs
the benefit to BMM UK.| |||Donated goods for resale are measured
at fair value on initial recognition,
which is the expected proceeds from sale less the
expected costs ofsale, and recognised
in 'Income from other trading
activities'
with the corresponding
stock recognised
in the
balance sheet.
On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from
sale are also recognised as 'Income from other trading
activitlesh| |||Gifts in kind for use by the charity are incfuded
in the SoFAas income from donations
when receivable.| |Donated services and
facilities||Donated services and facilities are induded
in the SOFAwhen received at the value ofthe gift to the charity provided
the value
ofthe gift can be measured
reliably.| |||Donated services and facilities that are consumed
immediately
are recognised as income with an equivalent
amount
recognised as an expense under the appropriate
heading
in the SOFA.| |Volunteer
help||The value ofany voluntary
help received is not induded
in the accounts but is described
In the trustees'
annual
report.| |Income from
royalties
and|Interest,
dfvidends|This is induded
in the accounts when receipt is probable
and the amount
receivable can be measured
reliably.| |Income from
subscrlptlons|membership|Membership
subscriptions
received
in the nature ofa gift are recognised
in Donations
and Legacies.| |||Membership
subscriptions
which gives a member the right to buy services or other benefits are recognised as income earned
from the provision
ofgoods and services as income from charitable
activities.| |Settlement of
claims|insurance|Insurance
daims are only induded
in the SoFAwhen the general income recognition
criteria are met (5.10to 5.12FRS102
SORP) and are induded as an item ofother income
in the SoFA.| |Investment
gains and
losses||This indudes
any realised or unrealised
gains orlosses on the sale ofinvestments
and any gain or loss resulting
from
revaluing
investments
to market value at the end ofthe year.| ||'|| |---|---|---| |~
~||~| ||~ ~|~
~
i
I| |Note 2||Accounting
policies| |2.3 EXPENDITURE AND LIA8ILITIES||| |Uablllty
recognltlon||Liabilities are recognised
where
it is more likely than not that there is a legal or constructive
obligation
committing
the charity to pay out resources and the amount ofthe obligation
can be measured
with
reasonable
certainty.| |Charitable
acthrltles||Charitable
expenditure
comprises those costs incun.sd by the charity
in the delivery of its scfivities and
services for its beneficiarie.
It indudes
both costs that csn be allocated
directly to such activities and
those costs ofan indirect nature necessary
to support them.| |suppolt costs||Support costs have been afiocated between
governance
costs and other supporL
Governance
costs
comprise
afi costs involving
public accountability
ofthe charity and its compliance
with regulation
arid| |||Support costs indude
central functions
and have been allocated to acfivtty cost categories on a basis
consistent
with the use ofresources, eg allocating
property costs by floor areas, or per capita, staff| |||costs by the time spent and other costs by their usage.| |Grants with
performance
conditions||Where the charity gives a grant with conditions
for its payment
being a specific level ofservice or
output to be provided,
such grants sre only recognised
in the SoFAonce the recipient ofthe grant hss
provided
the specified service or output.| |||Where sums originally
denominated
in foreign currency have been indudsd
in income, those sums| |Foreign Currency||have been translated
into sterling at the monthly
average exchange rate for transacfions
occuring
in
that month.| |Grants payable||| |without
performance
conditions||Where there are no conditions
attaching
to the grant that enables the donor charity to realistically
avoid
the commitment,
a liabifity for the full funding
obligation
must be recognised.| |Redundancy|cost|The charity made no redundancy
payments
during the reporting
period.| |Deferred Income||No material
item ofdeferred income hss been induded
in the accounts.| |Creditors||The charity has creditors which sre measured st settlement
amounts
less any trade discounts| |Taxatlon||Black Minds Matter isa registered
charity, snd as such its income and gains falling within Sections 471
to 489ofthe Corporation
TaxAct 2010or Secfion 256Taxation and Chargeable
Gains Act 1992are| |||exempt from corporation
tsx in respect ofincome and capital gains received to the extent that they are
applied exdusively
to its charitable
purposes.| |Provisions for
liabilities||A liability is measured
on recognition
at its historical cost and then subsequently
measured
at the best
estimate ofthe amount
required
to settle the obligation at the reporting
date| |Basicfinancial
Instruments||The charity accounts for bash financial
instruments
on initial recognition ss per paragraph
11.7
FRS102SORP. Subsequent
measurement
is as per paragraphs
11.17to 11.19,FRS102SORP.| |Pension||The charity operates
and defined
contribution
workplace
pension scheme and the pension charge
represents
the amounts
payable
by the charity to the fund in the respect ofthe year.| |2.4ASSETS||| |||These srs capitalised
ifthey can be used for more then one year, and cost st least 9500| |charity||Ttley are valued st cost or ifgifted, at the value to the charity on receipt.| |||Depreciation
is calculated
at a rate to write offthe cost less estimated
residual
value oftangible
fixed
assets over its expected life.| |||-Computer
Equipment
3Years
Straight Line| |Stocks and work||Goods orservices provided as part ofa charitsbkt
activity are measured
at net realisable
value based| |ln progress||on the service potential
provided
by items ofstock.| |Debtors||Debtors (induding
trade debtors and loans receivable) are measured
on initial recognition
at settlement
amount after any trade discounts or amount
advanced
by the charity.
Subsequently,
they are
measured
at the cash or other consideration
expected to be received.| |Cash and cash
equivalents||Cash and cash equivalents
Include cash in hand, deposits held at call with banks snd other short-term
liquid investments
with original maturlties
ofthree months or less.| |||Unrestricted
income funds are general funds that are available for use st the trustees discretion
in| |Fund sbucture||furtherance
ofthe objectives ofthe charity.| |||Restricted income funds are those donated for use in s particular area or for specific purposes,
the use
ofwhich Isrestricted to that area or purpose.| |Leases||Leases in which substantially
afi the risks and rewards ofownership
are obtained
by the lessor are
dassied as operating leases. Payments
made under operating leases are charged on a straight4ine
basis over the lease term.| ||||'|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||~|||~||||||||||||| |||~ ~|~|~|I|||||||||||| |Note 4||||Analysis
ofexpenditure||||||||||||| ||||||||||||This|year||18months to 30th June 2022||| ||||||||||||||||Restricted|| |||||||||||Unrestricted|Restricted|||nrestrlcted|income|| |Expenditure
funds:||on raising|||Fundraising|||||funds
E|Income
5|funds|Total funds
f|funds|funds|Total funds
E| ||||||Promotional|||||4346|||4346|13072|5238|18310| ||||||Website Costs|||||6306|||7806|13043||13043| |||||||||||||8700|9444|7068||7068.| ||||||Total expenditure|||on raising funds||||||||| ||||||||||||||||Restricted|| |Expenditure||on||||||||Unrestricted
funds|Restricted
income funds||Total funds|Unrestricted
funds|Income
funds|Total funds| |charitable|activities:|||||||||||||||| ||||||Bank Charges
Computer
& Internet
Consultancy
Costs
Depredation
CEO Remuneration
Entertaining
Equipment
leasing
Exchange Rate Variance|||||2337
101877
1 381
30234
987||1 200|3537
101877
1 381
30234
987|77
940
402
21415
559
108|1 350
24938|3359
25878'
402
21415
559
108| ||||||Health
&Safety|||||||||||| ||||||Insurance
Payroll Expenses
Recruitment
Tax, Nl and Pension Contribubons
Training
Travelling
expenses
Therapueiic
Work; Individual
Sessions
Therapuetic
Work Black Trans Foundation
Therapuetic
Work: Workshops|||||1 319
149936
429
14404
1 931
1 047
600
2,170|5765
99685
8355||1 319
149936
429
14404
7695
1047
100,285
8355
2 170|1 036
115935
5460
5261
17738
157|614791
8695|1,036
115935
5261
632 529
8695
157| ||||||Audit &Accounting Fees
Oflice 8 Administration|||||39649|||39649|||| ||||||Professional Fees|||||7744|||7744|3160||3 160| |||||||||||27568|||27566|100162||100162| ||||||Total expenditure|on|charitable||activities|||||||| ||||||||||||||||Restricted|| |||||||||||Unrestricted|Restricted|||nrestricted|income|| |Expenditure||on Other||||||||funds|income funds||Total funds|funds|funds|Total funds| |activities:||||Merchandise
Storage
Merchandise
Management||||||832|||832|843||843| |||||In Kind Support Expenditure||||||||||925||925| |||||||||||2350|||2350|81 724||81 724| ||||||Total expenditure||on|other|activities|||||||| |TOTAL EXPENDITURE||||||||||398832|125205||524 036|428 897|655 558|1,084455| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |*Key: R-matrfcfsd Income funds,|*Key: R-matrfcfsd Income funds,|*Key: R-matrfcfsd Income funds,|*Key: R-matrfcfsd Income funds,|*Key: R-matrfcfsd Income funds,|and U-unmastered
funds|and U-unmastered
funds||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||Fund|||||||Fund| |||||||Purpose|and Restrictions||||||balances
brought||||||Gains and|balances
carried| ||||||||||||||forward|||Income|Expenditure|Transfers|losses|forward| |Fund|names||||||||||||E|||E||E|E|E| |Jo Malone|||||Restncted|to fundi||There|cosh|||||||55750|55750|||| |Marsh
& McLannan|||||Restricted|to fundin||Vusbsite|Develo||nt||71|360||||1 360||| |MIND|||||Restricted|to fundin||MIND There|||costs|||||83221|21 140|||| |NHS|||||Restricted|lo fundi||NHS There||costs|||||||028|||| |New|Normal|Fund|||Restricted|to fundin||There|costs|||||||8 100||8 100||| |0 en|Soda||Foundation||Restricted
Governance|to funding
Su
rt||Ststf Training||and|||19336||||15665|||| |Kin|Baudouin||Foundation|& NIKE|Restricted|to fundi||There|coats||||12|505|||8355|||| |TEF|||||Restricted|to fundin||TEFThere
costs|||||||||5410|5410||| |Other|Restricted||||diture on There|||Costs||||||||3000|11858|8858||| ||||||||||Total||Restricted||103|201||170,070|125,205|65,193||| ||||||Unrestricte|funding|avaialble||for charitable|||||||||||| |Unrestricted||Income|||acllvbas||||||||42|529||1 236274|398832|65 193||| |||||||||||Total Funds||||||||||| |12.2|Transfers between|||funds||||||||||||||||| |This|ear|||||||||||||||||||| |Between restricted and unmsirictsd
funds|||||Reason fortransfer and where endowment
ls converted
To transfer racatagorised
restricted
funds to unrestricted|||||||to income||le|I|ower for Its conversion||Amount
71,3SO||| |Between restricted and unrestricted|||||To transfer expenditure
deficit on 'Therapy Costs' from||||||restricted|to|unrestricte||funds.|||||| |funds||||||||||||||||||6 168||| |*Keyr R-restricted Income funds,|*Keyr R-restricted Income funds,|*Keyr R-restricted Income funds,|*Keyr R-restricted Income funds,|and V-unrestricted
funds|and V-unrestricted
funds||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||Fund||||||||Fund| ||||||Purpose|and Restrictions|||||balances
brought|||||||Gains and|balances
carried| ||||||||||||forward|||Income||Expenditum|Transfers|losses|forward| |Fund names|||||||||||6|||||8|8|8|8| |Foot Locker BV||||Restrided|to fundin||There|costs||||||13116||13116|||| |H8M||||Restricted|to fundi||There|costs||||||41 869||41 869|||| |HM Jefferies||||Restricted|to fundin||There|costs||||||50000||50000|||| |Ho swell||||Restricted|to fundin||There|ants||||||24 354||24 354|||| |Jefliaries||||Residded|to fundin||There|costs||||||46603||46603|||| |Jo Malone||||Restricted|to fundi||There|costs||||||45 962||45962|||| |Marsh
& McLennsn||||Restricted|to fundi||Websits|Deveio||nt||||71360|||||| |Pentane||||Restricted|to fundin||There|costs||||||24 875||24 875|||| |Sanctus
London|Ltd|||Restrided|to fundin||There|costs||||||9798||9Tge|||| |The Hoebk Fare||||Restricted|to fundin||There|costa||||||10000||10000|||| |0
n Soda
Foundation||||Restrided
Governance|to funding
Su
rt||Staff Training||and|||||44 819||25483|||| |Kin
Bsudouin
Foundation||||Restricted|to fundin||There|costs||||||21 200||8695|||| |Corporetes (Restr||sec)||Restricted|to fundin||There|costs||||||||I 334|||| |Individuals
(Crowdfund|||2020)|Restricted|to fundin||There|costs||||||738||38|||| |Major Donoe||||Restridsd|to fundin||There|costs||||||2 389||2369|||| |Smog Trusts snd|Foundations|||Restricted|to fund||There|costs||||||||589|||| |Other Restricted||||nditurs
on There
Costs||||||||||||349793|349793||| |||||||||Total Restrtctad||||||40e,gs6||655,558|349,793||| |||||Unrestricted|funding||avsislble|for charitable|||||||||||| |Unrestricted
Income||||activtl as||||||||||821 219||428 897|349793||| ||||||||||TotalFunds||||||||||| |1?4 Transfers|between funds||||||||||||||||||| |Last
ear|||||||||||||||||||| |Between restricted||snd|unrestricted|Reasonfortransferand
where endowmentls
converted
Totransfer expenditure
deficit on 'Therapy
Costs' from restricted|||||||toincome
to unmstrided|le|~I
funds.|werforlts|conversion||Amount||| |funds|||||||||||||||||349793|||