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2025-07-31-accounts

Trustees’ Annual Report for the period

From 1 August 2024 Period start date To 31 July 2025 Period end date

Charity name: Black Voices Cornwall

Charity registration number: 1196131

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the Charity are to advance
and promote equality and diversity for the
public benefit by: a) the elimination of
discrimination on the grounds of race; b)
advancing education and raising awareness
in equality and diversity; c) promoting
activities to foster understanding between
people from diverse backgrounds; d)
cultivating a sentiment in favour of equality
and diversity. To work towards the
prevention of hate crime and harassment, in
particular that motivated by race, and the
relief of people affected by it, in particular by
implementing systems to increase reporting
of incidents to the police and working with
local authorities and the police to develop
more effective services in the reporting of
racially motivated hate crime and meeting
the needs of those affected by it.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The 2021 Census identifies 3.2% of the
population of Cornwall as ethnically diverse
(made up of (i) 0.7% Asian, Asian British or Asian
Welsh; (ii) 0.2% Black, Black British, Black Welsh,
Caribbean or African; (iii) 1.2% Mixed or Multiple
ethnic groups and; (iv) 1.1% other ethic groups))
and indicates a growth from 1.6% in 2011
Census.
The activities currently carried out for the public
benefit by the charity can be broadly categorised
into the following projects and activities over the
next 3 years:
COMMUNITY & PARTNERSHIP projects:
Connecting Diverse Communities & Building
Community Culture Champions (network of
trusted and strategic partners):
Community Research Project with objective to
identify the key demographic within Cornwall
and strategies for engagement and resources

Build an ethnically diverse community forum with objective to create a community hub(s) and community led co-design. Build a professional community network of ethnically diverse professionals in Cornwall with object of raising profile and encouraging work opportunities, offering financial sponsorship, collaboration, promotion and retention of ethnically diverse people. Without Exception Scheme (Onen Hag Oll) with objective to set up framework and deliver training. ARTS, CULTURE AND EVENTS projects: Art and Culture events with objective to improve diversity and community access in Cornwall. Establish series of annual events specific to celebrate diverse culture from underrepresented communities with focus on ethnically diverse communities with object to raise awareness and educate communities about cultural diversity. Build strong network of ethnically diverse performers with objective to generate a safe space for community lead conversations around arts and culture. Work with partner organisation with objective to build a sense of belonging for 4 ethnically diverse communities within the arts, culture and event fields. Ensure accessibility to diverse events and activities within tourism industry for the benefit of ethnically diverse holiday makers and visitors. Establish and promote diverse events calendar with objective of promoting cultural events and highlighting important holidays. EDUCATION AND TRAINING projects: Bitesize Black History resources with objective to promote more inclusive education and promote equality. Re-distribute to schools with additional training offered for staff to ensure appropriate delivery. Co-create new history curriculum focusing on Black Cornish History with objective to highlight achievements and contributions of minorities. Additional educational resources with objective to promote broader learning around race, ethnicity and culture. ‘Playing the Race Card’ campaign to be made more accessible to all education settings from KS1 to Higher Education. Design robust framework for training with objective to create videos to support learning e.g. bias, language and terminology for improved understanding.

Create volunteer training package with objective to up-skill volunteers to become Culture Champions to support community training and Equality, Diversity and Inclusion agenda in Cornwall. In setting our projects and activities each year we have regard to both the Charity Commission’s general guidance on public benefit and promotion of equality and diversity for the public benefit. The trustees always ensure that the projects we undertake are in line with our charitable objects and aims. Our ambition is to eliminate discrimination on the grounds of race. Statement confirming Para 1.18 The trustees regularly review the guidance whether the trustees have issued by the Charity Commission and can had regard to the guidance confirm that they are satisfied that the public issued by the Charity benefit continues to be met. Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

----- Start of picture text -----
SORP reference
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Other
----- End of picture text -----

Achievements and Performance

SORP reference

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 · This year Celebration of Culture 2025
welcomed 3500 attendees from across
Cornwall and beyond: 68% reported feeling
a stronger sense of belonging,100% of
people would attend the event next year and
the event was rated 4.64 stars out of 5. ·
This year 4334 people have accessed arts
and culture events, activities and
experiences. · The BVC Book Club
increased by 25% during 2025. · 89 events
have been listed on BVC’s Community
Cultural Calendar: 29 local organisations or
community groups have contributed listings.
· This year BVC have delivered professional
training to 742 delegates and 400 students
have accessed educational workshops and
resources to further personal development.
99.4% of training delegates found the
training useful, 82.4% participants reporting
being inspired to be anti-racist following the
training. 100% of teachers said pupils
learned content that would have been
difficult to teach through traditional
classroom methods. · This year, BVC have
launched their Cornwall-wide volunteer
network, with a 20% increase in ethnically
diverse volunteers actively participating in
community building. · BVC worked with other
Black-led organisations through the South
West Race Equality Research Network to
design a research programme rooted in lived
experience and shaped by community
priorities over 5 years. · This year, BVC
raised £617 for Jamaica disaster relief. ·
BVC formed, led and facilitated the Kernow
Black Collective, working in partnership with
5 smaller community groups as well as
active individuals with an 98.2% partner
satisfaction rate. · Volunteer reach through
community activism is estimated at 25,000
over 7 local events. · BVC provided direct
advocacy to 12 cases and signposting and
social support to approximately 75
individuals, including: working with schools
to combat bullying, working with Devon &
Cornwall Police to reduce hate crime and
interpersonal racism occurrences. · 120
schools have had access to ethnically
diverse digital education resources. Wider
Impact for Cornwall and Society · Improved
wellbeing and sense of belonging for
racialised Improved community cohesion
and improved attitudes towards multicultural
and diverse society · Increased ethnically
diverse representation. people · Improved
inclusion and equity for racialised people. ·
Increased population taking an active role in
their community, the anti-racist movement
and community cohesion projects·Improved

economic opportunity · Reduced isolation in relation to Cornwall’s unique situation · Improved resilience to racism and reduction in racist attitudes · Improved relationships between communities and institutions which are intended to work on their behalf · Raised awareness of the organisation, its aims and services. · Improving racial literacy and cultural competence in institutions and organisations · Improved ethnically diverse representation in education.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Overall reserves increased by £9,746 in the
year. Total reserves at the year end being
£42,265
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Zero reserves. We have a reserves policy
but do not currently have any reserves as we
are a relatively new charity and have only
recently received funding. We hope to build
a reserve.
Amount of reserves held Para 1.22 £42,265
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 None

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 BVC is a registered charity, number
1196131 and constituted under governing
document ‘Constitution’ adopted 12 October
2021
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Incorporated Organisation (CIO)
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 New trustees are appointed or existing
trustees are reappointed by members at the
Annual General Meeting held in May. New
Trustees are appointed by members or
existing trustees at any time provided the
number of charity trustees would not exceed
10. The Constitution provides for a minimum
of 3 trustees, to a maximum of 10 trustees,
with no more than 3 trustees due to re
appointment in any one year.
Additional information (optional)
You may choose to include further statements		 where relevant about:
Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51 There is a safeguarding policy in place. DBS
criminal record checks are carried out for
employees and Trustees and checks are
carried out in line with statutory
requirements.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 All trustees give their time freely and no
trustee remuneration was paid in the year.
Trustees are required to disclose all relevant
interests and register them with the CEO
and in accordance with the Trust’s policy
withdraw from decisions where a conflict of
interest arises.
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Black Voices Cornwall
Other name the charity uses N/A
Registered charity number 1196131
Charity’s principal address Hall For Cornwall
Back Quay
Truro
Cornwall
TR1 2LL

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Dr N Ekebuisi
Ms S Morrison
Ms S Dalrymple-
Irwin
Mr C Singh
Ms M Cockle 17/11/2025

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Joyte Brown

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Joyte Brown Position (eg Secretary, CEO Chair, etc) Date 21/04/2026

Charity registration number 1196131 (England and Wales)

BLACK VOICES CORNWALL

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

BLACK VOICES CORNWALL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Senior management

Charity registration

Independent examiner

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

Ms Joyte Brown

England and Wales

Rawlings & Co. Brookside Court St. Breward Bodmin Cornwall UK PL30 4LN

(Appointed 17 November 2025)

Chief Executive Officer

1196131

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 YEAR ENDED 31 JULY 2025

The trustees present their annual report and financial statements for the year ended 31 July 2025.

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:

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:

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Achievements and performance

Significant activities and achievements against objectives Achievements

Wider Impact for Cornwall and Society

· Improved wellbeing and sense of belonging for racialised people Improved community cohesion and improved attitudes towards multicultural and diverse society

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Performance

Black Voices Cornwall trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011.

Financial review

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

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 year.

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:

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:

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.

BLACK VOICES CORNWALL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

The trustees who served during the year and up to the date of signature of the financial statements were: Mr M Kenworthy Gomes (Resigned 17 November 2025) Dr N Ekebuisi Ms S Morrison Ms S Dalrymple-Irwin Mr J Cavill (Resigned 9 April 2025) Mr C Singh Ms M Cockle (Appointed 17 November 2025)

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:

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.

.............................. Ms M Cockle Trustee 10 Apr 2026 Date: .............................................

BLACK VOICES CORNWALL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 JULY 2025

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 year 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 year.

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

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.

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 year ended 31 July 2025.

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:

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 10 Apr 2026 Date: ............................

BLACK VOICES CORNWALL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
4,609
1,250
Charitable activities
4
174,139
-
Total income
178,748
1,250
Expenditure on:
Charitable activities
5
169,002
1,250
Total expenditure
169,002
1,250
Net income/(expenditure) and movement in
funds
9,746
-
Reconciliation of funds:
Fund balances at 1 August 2024
32,519
-
Fund balances at 31 July 2025
42,265
-		 Total
Unrestricted
funds
2025
31 Jul 2024
£
£
5,859
5,578
174,139
47,792
179,998
53,370
170,252
67,896
170,252
67,896
9,746
(14,526)
32,519
47,045
42,265
32,519

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

BLACK VOICES CORNWALL

BALANCE SHEET

AS AT 31 JULY 2025

2025
Notes
£
Fixed assets
Tangible assets
10
Current assets
Debtors
11
13,686
Cash at bank and in hand
47,423
61,109
Creditors: amounts falling due within
one year
13
(24,238)
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
16		 31 Jul 2024
£
£
£
5,394
6,743
6,705
53,804
60,509
(34,733)
36,871
25,776
42,265
32,519
42,265
32,519
42,265
32,519		 31 Jul 2024
£
£
£
5,394
6,743
6,705
53,804
60,509
(34,733)
36,871
25,776
42,265
32,519
42,265
32,519
42,265
32,519
32,519
32,519
32,519

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

.............................. Ms M Cockle Trustee

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1 Accounting policies

Charity information

Black Voices Cornwall is a Charitable Incorporated Organisation.

1.1 Basis of preparation

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.

1.2 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.

1.3 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.

1.4 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.

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.

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

1 Accounting policies

(Continued)

1.5 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.

1.6 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.

1.7 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).

1.8 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.

1.9 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.

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.

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

1 Accounting policies

(Continued)

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.

1.10 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.

1.11 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.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
4,609
-
Grants
-
1,250
4,609
1,250		 Total
Unrestricted
Restricted
Total
funds
funds
2025
31 Jul 2024 31 Jul 2024 31 Jul 2024
£
£
£
£
4,609
5,578
-
5,578
1,250
-
-
-
5,859
5,578
-
5,578		 Total
Unrestricted
Restricted
Total
funds
funds
2025
31 Jul 2024 31 Jul 2024 31 Jul 2024
£
£
£
£
4,609
5,578
-
5,578
1,250
-
-
-
5,859
5,578
-
5,578
5,578

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 31 Jul 2024
£ £
Grants
Performance related grants 170,859 35,391
Services provided
Services provided under contract 3,280 12,401
174,139 47,792
5 Expenditure on charitable activities
Charitable Charitable
activities activities
2025 31 Jul 2024
£ £
Staff costs 119,830 48,877
Direct costs 23,417 6,332
Advertising 445 861
Insurance 350 585
Office costs 3,952 1,893
Professional fees 11,554 2,892
Staff training - 158
Travelling 704 46
Subscriptions 259 1,344
Accountancy 7,169 3,188
Interest 1,031 -
Bank charges 192 34
Depreciation 1,349 1,686
170,252 67,896
Analysis by fund
Unrestricted funds 169,002 67,896
Restricted funds 1,250 -
170,252 67,896

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

6 Net movement in funds 2025 31 Jul 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 1,008
Depreciation of owned tangible fixed assets 1,349 1,686

7 Trustees

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

8 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 31 Jul 2024
Number Number
4 4
Employment costs 2025 31 Jul 2024
£ £
Wages and salaries 114,147 43,333
Social security costs 2,967 4,306
Other pension costs 2,716 1,238
119,830 48,877
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:
2025 31 Jul 2024
£ £
Aggregate compensation 31,667 13,333

9 Taxation

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

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

10
Tangible fixed assets
Cost
At 1 August 2024
At 31 July 2025
Depreciation and impairment
At 1 August 2024
Depreciation charged in the year
At 31 July 2025
Carrying amount
At 31 July 2025
At 31 July 2024
11
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
12
Loans and overdrafts
Other loans
Payable within one year		 Plant and
equipment
£
8,429
8,429
1,686
1,349
3,035
5,394
6,743
2025
31 Jul 2024
£
£
2,510
-
11,176
6,705
13,686
6,705
2025
31 Jul 2024
£
£
16,000
-
16,000
-		 Plant and
equipment
£
8,429
8,429
1,686
1,349
3,035
5,394
6,743
2025
31 Jul 2024
£
£
2,510
-
11,176
6,705
13,686
6,705
2025
31 Jul 2024
£
£
16,000
-
16,000
-
-

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

13 Creditors: amounts falling due within one year
2025 31 Jul 2024
Notes £ £
Borrowings 16,000 -
Other taxation and social security 1,654 6,381
Deferred income 14 - 25,000
Trade creditors 1,620 2,797
Other creditors 4,964 555
24,238 34,733
14 Deferred income
2025 31 Jul 2024
£ £
Other deferred income - 25,000
Deferred income is included in the financial statements as follows:
2025 31 Jul 2024
£ £
Deferred income is included within:
Current liabilities - 25,000
Movements in the year:
Deferred income at 1 August 2024 25,000 -
Released from previous periods (25,000) -
Resources deferred in the year - 25,000
Deferred income at 31 July 2025 - 25,000
15 Retirement benefit schemes
2025 31 Jul 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 2,716 1,238

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.

BLACK VOICES CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

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 August Incoming Resources At 31 July
2024 resources expended 2025
£ £ £ £
General funds 32,519 178,748 (169,002) 42,265
Previous period: At 1 August Incoming Resources At 31 July
2023 resources expended 2024
£ £ £ £
General funds 47,045 53,370 (67,896) 32,519

17 Related party transactions

There were no disclosable related party transactions during the year (31 Jul 2024 - none).

SIGNATURE CERTIFICATE

Document

Name Black Voices Cornwall Financial Statements, 31 July 2025.pdf Creator Nick Rawlings (nick@rawlingsandco.com) Date 26 March 2026 12:16:42 UTC Identifier 9d37350b-cedc-4eaf-a6bd-42909488e8d5

Signers

maria@blackvoicescornwall.org

E-mail maria@blackvoicescornwall.org Signed 10 April 2026 10:35:08 UTC IP address 35.178.201.134

Nick Rawlings

E-mail nick@rawlingsandco.com Signed 10 April 2026 14:33:19 UTC IP address 185.254.151.11