2024-07-31-accounts

Charity registration number 1196131 (England and Wales)

BLACK VOICES CORNWALL

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024

BLACK VOICES CORNWALL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Senior management

Mr M Kenworthy Gomes Dr N Ekebuisi Ms S Morrison Ms S Dalrymple-Irwin Mr C Singh

Ms Joyte Brown

Chief Executive Officer

Charity number (England and Wales) 1196131 Independent examiner Rawlings & Co. Brookside Court St. Breward Bodmin Cornwall UK PL30 4LN

BLACK VOICES CORNWALL

CONTENTS

	Page
Trustees' report	1 - 5
Statement of trustees' responsibilities	6
Independent examiner's report	7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10 - 17

BLACK VOICES CORNWALL

TRUSTEES' REPORT

FOR THE PERIOD ENDED 31 JULY 2024

The trustees present their annual report and financial statements for the period ended 31 July 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The objects of the charity are:

• To see a Race Equality Council or equivalent returned to Cornwall.

• Promote and provide the education of Black History and raise awareness in education, for the community and throughout the workplace.

• To up-skill governors, managers and the work force to increase awareness in equality, diversity, inclusion and anti-racism.

• To help embed a culture of zero tolerance to racism in Cornwall.

• Support and encourage the celebration of ethnically diverse culture in Cornwall.

• To work in partnership with key organisations ensuring a visible, fair and appropriate representation of the ethnically diverse communities throughout Cornwall.

• To challenge the strategic direction of the local authority, regarding racial inequalities and in-activity.

• To challenge injustice and racial bias within the criminal justice system.

• To support Health and Social Care within community and wellbeing projects.

• Developing SME business, employment and enterprise within our ethnically diverse community in Cornwall.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities

The activities of the charity are:

• Representing the voice of the ethnically diverse community and ethnically diverse individuals in matters civil, institutional and systemic to advocate for racial equity.

• � Creating educational resources that promote black representation, black interest and acknowledge the contributions and history of black people in the UK.

• � Deliver training and provide resources to up-skill governors, managers in equality, diversity, inclusion and anti-racism.

• Create events and opportunities celebrating ethnically diverse cultures in Cornwall.

• � Working with volunteers and in partnership with key organisations throughout Cornwall to provide safe spaces, promote diversity and increase representation for and of ethnically diverse communities in Cornwall.

• Sitting on trustee boards, steering committees and review panels to support the strategic direction of the local authority, regarding racial equality and anti-racist practices.

• � Working with Devon and Cornwall Police, Safer Communities and Cornwall Safety Alliance to maintain open dialogue and accountability between us and judiciary services.

• Provide opportunities to reduce isolation and promote mental wellbeing.

• � Working with NHS Trust and partners and Royal Cornwall Hospital, Treliske to improve access to healthcare and support ethnically diverse healthcare workers in Cornwall.

• � Working with Cornwall Chamber of Commerce, University of Exeter, Truro & Penwith, Local business finance providers and Black Southwest Network to develop opportunities for employment and enterprise within the ethnically diverse community in Cornwall.

• 1 -

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

Achievements and performance

Significant activities and achievements against objectives Achievements

• This year the charity has delivered professional training to 787 delegates and 2030 people have accessed educational workshops and training to further personal development.

• This year 5222 people have accessed arts and culture events, activities and experiences.

• The charity currently has 45 volunteers, an increase from 6 the previous year.

• Volunteer reach through community activism is estimated 30,000.

• We engaged with 14 requests for advocacy from the ethnically diverse community during 2024, including communicating on poor responses to hate crime reporting with Devon and Cornwall Police, long-standing anti-social behaviour issues between neighbours, unfair dismissal & discrimination.

• This year 4157 people have accessed ethnically diverse educational resources and workshops.

• 120 schools have had access to ethnically diverse digital education resources.

Wider Impact for Cornwall and Society

• Validating people’s lived experiences by creating a safe space for marginalised people to come together in a way that centres their needs.

• Increasing attendances from ethnically diverse communities to arts and cultural events.

• Celebrating individual and collective cultures to provide positive representation and promote multicultural and diverse society.

• Platforming diverse arts and culture to promote a sense of belonging, identity and reduce isolation.

• Facilitating cultural exposure and educating about diversity to boost inclusion and equity.

• Empowering people to have an active role in their community, the anti-racist movement and community cohesion projects to reduce .

• Increasing personal confidence, up-skilling and providing opportunities for employment.

• Reducing isolation and marginalisation and improving a sense of belonging.

• Building community and personal resilience to racism through community engagement.

• Raising awareness of the organisation, its aims and services and promoting anti-racism to growing audiences.

• Promoting equity and diversity by educating people to practice anti-racism in personal and professional settings and embrace allyship

• Improving racial literacy and cultural competence in institutions and organisations to reduce discrimination and racially motivated incidents

• Providing access to ethnically diverse education materials to improve ethnically diverse representation in education.

• Fostering a sentiment of equity and diversity in the workplace

• Reducing hate incidents in schools via education, student empowerment and auditing.

Over the past 2 years the charity has been listening to and responding to feedback from the community about what they need and reviewing the organisational functions, delivery and aims. During 2024, the organisation undertook a full operational and strategic evaluation over 5 months.This included community consultation, auditing by external consultants, therapeutic discussion, and staff reflection. As a result of the learning from this experience the charity has identified weak points and strengths in its current organisational direction. Most importantly, it has identified the most effective ways to engage with and work in service of the black community in Cornwall. This will affect the organisation's long-term goals to better reflect the needs and desires of the Black community and will ensure that work is deeply impactful to Cornwall at large.

• 2 -

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

Performance

• Increased volunteer satisfaction to 97%

• 100% of teachers have found education materials useful with 83% finding them extremely useful

• � 100% of students learned very much or a good amount from lessons and content provided to schools � 100% of teachers improved their own learning through the content � 100% of students engaged with black history learning with 83% engaging very well 100% of teachers found the materials easy to use

• Celebration of Culture was attended by 4,000 people, a growth of 750-1000 year-on-year

• � We held 12 events across the year, averaging one cultural experience per month both in-person and online. � 100% of attendees would attend our events again � Celebration of Culture was rated 4.5 out of 5 stars

• 97% of delegates would recommend our training to peers

• 94% of delegates found our training excellent or very Good with 5% rating it as good

Financial review

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.

• 3 -

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

Structure, governance and management

The Black Voices Cornwall Scheme of Delegation is a reference showing what authority the Board has delegated to committees, other volunteers or staff under the powers of the Constitution. It indicates where further details of the delegations may be found. The Scheme of Delegation empowers and enables timely and effective action by volunteers and staff working in partnership for the benefit of the charity and its beneficiaries. It ensures an appropriate level of delegation from the Board of Trustees so that there is effective input into decision-making. It also ensures that Trustees are able to fulfil their legal and constitutional duties, through levers which enable them to delegate, monitor and if necessary, withdraw the delegated authority if it is considered in the interests of the charity and its beneficiaries.

This Scheme of Delegation should be read alongside the Constitution, the Chief Executive's Job Description and Terms of Reference for the committees of the board:

• Finance

• Audit & Risk Management

• Governance

• Human Resources

• Strategic Management

• Equality, Diversity and Inclusion Management

• Health & Safety Management

Where matters are referred to in the attached Scheme as being delegated to the Chief Executive, this empowers the Chief Executive to delegate further to staff or volunteers (except where indicated). In these instances, the Chief Executive remains accountable to the Board for exercise of the powers delegated. Where matters are not specified as delegated, they are reserved to the Board. The Board is not entitled to give away any of its authority permanently and retains the right to revoke, at its sole discretion, any or all of the powers it delegates if, for example, the Board is concerned that:

• Delegated powers are not being used effectively in the interests of our charitable objects and beneficiaries

• � The use of delegated powers is damaging the interests or reputation of the organisation

• Delegated powers are being used against the letter or spirit of the organisation's agreed policies and procedures.

This Scheme of Delegation provides the framework for decision-making and action but there will be instances where it is not clear by whom an issue should be decided, or differences arise. The Board expects every volunteer or member of staff to work constructively together to arrive at timely, clear pragmatic solutions within the spirit of our leadership values, our strategy and the Code of Conduct, to maximise the positive impact of our work. This Scheme of Delegation also indicates the key sources of advice to the Board to assist the exercise of its functions.

Where other matters arise involving significant risk to the charity, but not defined in this document, these should be referred to the board. When implementing the scheme of delegation Boards should define their threshold for 'significant risk' in this context in terms of governance, operational, financial, external or compliance implications. Except where otherwise stated, reference to a specific office holder applies to an individual nominated to act for them, for example during periods of leave or illness, or where the post is vacant.

The trustees who served during the period and up to the date of signature of the financial statements were: Mr M Kenworthy Gomes

Dr N Ekebuisi Ms S Morrison Ms S Dalrymple-Irwin Mr J Cavill (Resigned 9 April 2025) Mr C Singh

• 4 -

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

Recruitment and appointment of trustees

1. Black Voices Cornwall recognises that an effective board of trustees is essential if the charity is to be effective in achieving its objects. The board must seek to be representative of the people with whom the charity works and must have available to it all of the knowledge and skills required to run the charity. Individual trustees must have sufficient knowledge, both of trusteeship in general and of the charity's activities, to enable them to carry out their role and to represent the charity at meetings and other events.

2. A prospective trustee should understand the legal responsibilities which they will assume in becoming a trustee.

3. The trustees are akin to the shareholders of a company. They have ultimate control over the charity, with the ability to appoint trustees and the right to amend the charity's governing documents. Trustees can delegate some aspects of recruitment to staff, but they must ensure they retain overall responsibility and control of the recruitment, selection and induction processes.

4. Black Voices Cornwall expects trustees to carry out the actions required to recruit new Trustees.

5. In recruiting new trustees, the existing trustees must act in the best interests of the charity. In order to ensure this is the case, and that they are in a position to explain to new trustees what is required of them, existing trustees need to be clear in their own minds about the purposes and aims of the charity, as well as their broader duties and responsibilities as trustees.

None of the trustees has any beneficial interest in the charity.

The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The charity's current policy concerning the payment of trade creditors is to:

• settle the terms of payment with suppliers when agreeing the terms of each transaction;

• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

• pay in accordance with the company's contractual and other legal obligations.

Trade creditors of the company at the year end were equivalent to 11 day's purchases, based on the average daily amount invoiced by suppliers during the year.

The trustees' report was approved by the Board of Trustees.

.............................. Mr M Kenworthy Gomes Trustee 21 May 2025 Date: .............................................

• 5 -

BLACK VOICES CORNWALL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE PERIOD ENDED 31 JULY 2024

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

• 6 -

BLACK VOICES CORNWALL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACK VOICES CORNWALL

I report to the trustees on my examination of the financial statements of Black Voices Cornwall (the charity) for the period ended 31 July 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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 that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Rawlings & Co.

Brookside Court St. Breward Bodmin Cornwall PL30 4LN UK 21 May 2025 Date: ............................

• 7 -

BLACK VOICES CORNWALL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 JULY 2024

		Unrestricted	Unrestricted
		funds	funds
		31 Jul 2024	31 Mar 2024
	Notes	£	£
Income from:
Donations and legacies	3	5,578	8,103
Charitable activities	4	47,792	190,420
Total income		53,370	198,523
Expenditure on:
Raising funds	5	6,955	21,863
Charitable activities	6	60,941	158,891
Total expenditure		67,896	180,754
Net income/(expenditure) and movement in funds		(14,526)	17,769
Reconciliation of funds:
Fund balances at 1 April 2024		47,045	29,276
Fund balances at 31 July 2024		32,519	47,045

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.

• 8 -

BLACK VOICES CORNWALL

BALANCE SHEET

AS AT 31 JULY 2024

			31 Jul 2024		31 Mar 2024
	Notes	£	£	£	£
Fixed assets
Tangible assets	11		6,743		-
Current assets
Debtors	12	6,705		7,054
Cash at bank and in hand		53,804		71,253
		60,509		78,307
Creditors: amounts falling due within	13
one year		(34,733)		(31,262)
Net current assets			25,776		47,045
Total assets less current liabilities			32,519		47,045
The funds of the charity
Unrestricted funds	16		32,519		47,045
			32,519		47,045

21 May 2025

The financial statements were approved by the trustees on .........................

..............................

Mr M Kenworthy Gomes Trustee

• 9 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024

1 Accounting policies

Charity information

Black Voices Cornwall is a Charitable Incorporated Organisation.

1.1 Reporting period

The reporting period has been shortened to 6 months ending 31 July 2024. This is a one-off event and is due to the incompetence of a previous accountancy firm and Chief Executive Officer. For financial reasons, the trustees have been advised that the short reporting period is a more cost-effective solution than litigating against the previous accountancy firm with no real prospect of a claim being paid.

Due to the short reporting period, the comparative amounts presented in the financial statements including the related notes are not entirely comparable.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

• 10 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

• 12 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

3	Income from donations and legacies
		Unrestricted		Unrestricted
		funds		funds
		31 Jul 2024		31 Mar 2024
		£		£
	Donations and gifts	5,578		8,103
4	Income from charitable activities
		Unrestricted		Unrestricted
		funds		funds
		31 Jul 2024		31 Mar 2024
		£		£
	Grants
	Performance related grants	35,391		147,320
	Services provided
	Services provided under contract	12,401		43,100
		47,792		190,420
5	Expenditure on raising funds
		Unrestricted		Unrestricted
		funds		funds
		31 Jul 2024		31 Mar 2024
			£	£
	Fundraising and publicity
	Seeking donations, grants and legacies	6,332		19,633
	Advertising	623		2,230
		6,955		21,863

• 13 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

6 Expenditure on charitable activities

		Charitable	Charitable
		activities	activities
		31 Jul 2024	31 Mar 2024
		£	£
	Direct costs
	Staff costs	48,877	138,657
	Depreciation and impairment	1,686	-
	Entertainment	-	1,026
	Insurance	238	327
	Computer costs	585	6,936
	Office costs	1,893	6,964
	Professional fees	2,892	1,776
	Staff training	158	586
	Travelling	46	855
	Subscriptions	1,344	560
	Accountancy	3,188	1,100
	Bank charges	34	104
		60,941	158,891
	Analysis by fund
	Unrestricted funds	60,941	158,891
7	Net movement in funds	31 Jul 2024	31 Mar 2024
		£	£
	The net movement in funds is stated after charging/(crediting):
	Fees payable for the independent examination of the charity's financial
	statements	1,008	-
	Depreciation of owned tangible fixed assets	1,686	-

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.

9 Employees

The average monthly number of employees during the period was:

31	Jul 2024	31 Mar 2024
	Number	Number
	4	4

• 14 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

9	Employees		(Continued)
	Employment costs	31 Jul 2024	2024
		£	£
	Wages and salaries	43,333	130,088
	Social security costs	4,306	7,919
	Other pension costs	1,238	650
		48,877	138,657
	There were no employees whose annual remuneration was more than £60,000.
	Remuneration of key management personnel
	The remuneration of key management personnel was as follows:
		31 Jul 2024	31 Mar 2024
		£	£
	Aggregate compensation	13,333	40,000

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11	Tangible fixed assets
		Plant and
		equipment
		£
	Cost
	Additions	8,429
	At 31 July 2024	8,429
	Depreciation and impairment
	Depreciation charged in the period	1,686
	At 31 July 2024	1,686
	Carrying amount
	At 31 July 2024	6,743

• 15 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

12 Debtors

12	Debtors
			31 Jul 2024	31 Mar 2024
	Amounts falling due within one year:		£	£
	Trade debtors		-	350
	Other debtors		6,705	6,704
			6,705	7,054
13	Creditors: amounts falling due within one year
			31 Jul 2024	31 Mar 2024
		Notes	£	£
	Other taxation and social security		6,381	30,492
	Deferred income	14	25,000	-
	Trade creditors		2,797	-
	Other creditors		555	770
			34,733	31,262
14	Deferred income
			31 Jul 2024	31 Mar 2024
			£	£
	Other deferred income		25,000	-
	Deferred income is included in the financial statements as follows:
			31 Jul 2024	31 Mar 2024
			£	£
	Deferred income is included within:
	Current liabilities		25,000	-
	Movements in the period:
	Deferred income at 1 April 2024		-	-
	Resources deferred in the period		25,000	-
	Deferred income at 31 July 2024		25,000	-
15	Retirement benefit schemes
			31 Jul 2024	2024
	Defined contribution schemes		£	£
	Charge to profit or loss in respect of defined contribution schemes		1,238	650

• 16 -

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024

15 Retirement benefit schemes

(Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 April	Incoming	Resources	At 31 July
	2024	resources	expended	2024
	£	£	£	£
General funds	47,045	53,370	(67,896)	32,519
Previous Year:	At 1 April	Incoming	Resources	At 31 March
	2023	resources	expended	2024
	£	£	£	£
General funds	29,276	198,523	(180,754)	47,045

17 Related party transactions

There were no disclosable related party transactions during the period (2024 - none).

• 17 -

SIGNATURE CERTIFICATE

Document

Name Black Voices Cornwall Financial Statements 31-07-24.pdf Creator Nick Rawlings ([e-mail]) Date 12 May 2025 14:16:15 UTC Identifier cb7a8592-99e7-43f4-a2ab-95ddcd32c569

Signers

[e-mail]

E-mail [e-mail] Signed 21 May 2025 8:52:28 UTC IP address 209.198.129.1

Nick Rawlings

E-mail [e-mail] Signed 21 May 2025 9:33:25 UTC IP address 77.104.163.36