OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

2023 2022
Unrestricted Endowment Total Tota I
funds fund funds funds
Notes E E E f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 250 250 250
Grant returned 4,000
Investment
income		 2 82,177 82,177 77,159
Total 82,427 82WT 81,409
EXPENDITURE ON
Charitable
activities
General Grants payable 47,985 47,985 43,936
Commissions 41,000 41,000 16,000
Feeney Fellowships 4,860 4,860
SUpport cos'ts 10,087 10,615 20,702 17,816
Total 103,932 10,615 114,547 77,752
NET INCOME/(EXPENDITURE) BEFORE LOSSESON
INVESTMENTS (21,505) (10,615) (32,120) 3,657
Net losses on investments (5,404) (Sp404) (143,336)
NET INCOME/(EXPENDITURE) (21,505) (16,019) (37,524) (139,679)
RECONCILIATION
OF FUNDS
Total funds brought forward 198,697 1,693,947 1,892,644 2,032,323
TOTAL FUNDS CARRIED FORWARD 177,192 1,677,928 1,855,120 1,892,644

2023 2022
Unrestricted Endowment Total Tota
I
funds fund funds funds
Notes f f f f
FIXEDASSETS
Investments
Investments 1,357,362 1,357,362 1,394,876
Investment property 320,000 320,000 300,000
1,677,362 1,677,362 1,694,876
CURRENT ASSETS
Debtors 9 2,000
Cash at bank 178,800 566 179,366 200,126
178,800 566 179,366 202,126
CREDITORS
Amounts
falling due within		 one year 10 (1,608) (1,608) (4,358)
NET CURRENT ASSETS 177,192 566 177,758 197,768
TOTAL ASSETSLESSCURRENT LIABILITIES 177,192 1,677,928 1,855,120 1,892,644
NET ASSETS 177 192 1p677 928 1~855p120 1892644
FUNDS 12
Unrestricted funds 147,442 167,347
Designated Commitments Fund (note 3) 29,750 31,350
177,192 198,697
Endowment funds 1,677,928 1,693,947
TOTAL FUNDS 1,855,120 1,892,644

2023 2022
E E
Rentalincome 22,000 20,000
Interest on cash deposits 1,058 177
UK listed investment income 59,119 56,982
82,177 77,159

3.
GRANTS, C		 OMMISSIO NS AND FELLOWSHIPS
2023 2022
Arts
Sampad 4,950
Saving Lives 5,000
ACE Dance and Music 3,000
Big grum Theatre in Education Company 2,000
The Open Theatre Company 5,000
Orchestra ofthe Swan 3,000
Persona
Arts		 1,500
Ace Music and Da nce 5,000
Rainbow Voices 4,800
The Peoples Orchestra 5,000 5,000
Women and Theatre 4,000
Surge Forward Music and Arts CIC 3,500
Black Country Touring 4,400
The Bone Ensemble 2,799
The Birmingham
Dance Network		 4,215
28,250 34,914
Heritage
Art 360 Foundation 2,600
Craftspace 4,000
Natlona
ITrust		 5,000
6,600 5,000
Open Spaces
Highbury
Orchard		 Community 4,950
Warley Woods Community Trust Limited 4,022
ROAM 3,185
Birmingham
Open		 Spaces 5,000
13,135 4,022
Total General Grants Carried Forward 47,985 43,936

3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 —continued
2023 2022
E 6
Total General Grants Brought Forward 47,985 43,936
Commissions
Aidem Digital 5,250
Birmingham
Royal Ballet		 2,500 2,500
CBSO 22,500
Celebrating
Sanctuary		 2,500 2,500
Curiosity Productons 5,000
Flatpack Projects - Sidewalk Stories 2,000
Flatpack Projects —People on Sunday 3,500
MAC Birmingham 3,250 4,000
Surge Forward
Music		 &Arts 1,500
88,985 59,936
FEENEY FELLOWSHIP
Individual
Birmingham		 based art practitioners 4,860
~otal 93,845 59,936
Commitments
for Grants,		 Commissions and Fellowships
The Trustees agree grants to be paid over several years for future commissions,
subject totheir progression and completion.
2023
F.
Aidem
Digital		 5,250
Birmingham
Open Media		 10,000
CBSO 2,500
Cudosity Productions 5,000
MAC Birmingham 3,250
MAC Birmingham
—Fofana		 3,750
Commitments
outstanding		 as of31December 2023 29,750

2023 2022
E 6
Secretarial fees 8,000 5,500
Sundry expenses 412 394
Investment fees 10,615 10,302
Bank charges 115 60
Accountancy 906 906
Independent examination 654 654
20,702 17,816

COMPARATIVES FOR THE STA TEMENT OF FINANCI AL ACTIVITIES
Unrestricted Endowment Total
funds fund funds
E E 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 250 250
Grants returned 4,000 4,000
Investment
income		 77,159 77,159
81,409 81,409
EXPENDITURE ON
Charitable activities
Grants payable 43,936 43,936
Commissions 16,000 16,000
Support costs 7,514 10,302 17,816
Total 67,450 10,302 77,752
Net gains/(losses)
on investments		 (143,336) (143,336)
NET INCOME/(EXPENDITURE) 13,959 (153,636) (139,679)
RECONCILIATION
OF FUNDS
Total funds brought forward ~184738 1,847,585 2,032,323
TOTAL FUNDS CARRIED FORWARD ~198697 ~1893949 ~12

7. FIXEDASSET INVESTM E NTS
Listed
investments
6
MARKET VALUE
At 1January 2023 1,394,876
Additions 109,170
Disposa ls (121,280)
Net losses on investments (25~)
At 31December 2023 1,357,362
NET BOOK VALUE
At 31December 2023 1,357,362
At 31December 2022 1,394,876
There were no Investment assets outside the UK.
INVESTMENT PROPERTY
FAIR VALUE
At 1January 2023
Increase
in valuation		 300,000
20,000
NET BOOK VALUE
At 31December 2023 320,000
At 31December 2022 300,000
9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
6 5
Trade debtors 2,000
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
E E
Other creditors 1,608 4,358

Net Transfers
At 1.1.23 movement between At
in funds funds 31.12.23
f f f
Unrestricted funds
GeneralFund 167,347 72,340 (91,745) 147,942
Designated Commitments Fund 31,350 (93,845) 91,745 29,250
1985697 (21,505) 177,192
Endowment funds
Permanent Capital Fund 1,693,947 (16,019) 1,677,928
TOTAL FUNDS ,565,6 (5, , 55,
6
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Gains and Movement
in
resources
f		 expended
f		 losses
f		 funds
f
Unrestricted funds
General
Fund		 82,427 (10,087) 72,340
Designated Commitments Fund (93,845) (93,845)
Endowment funds
Permanent Capital Fund (10,615) (5,404) (16,019)
TOTAL FUNDS 82,427 (114,547) (5~) (57,524)
Comparatlves
for movement		 in funds
Net Transfers
At 1.1.22 movement between At
in funds funds 31.12.22
E f f
Unrestricted funds
General
Fund		 141,888 73,895 (48,436) 167,347
Designated Commitments Fund 42,850 (59,936) 485436 31,350
184,738 13,959 198,697
Endowment funds
Permanent CapitalFund 1,847,585 (153,638) 1,693,947
TOTAL FUNDS 2,032,323 (139,679) 1,892,644

Net movement
in funds,		 Net movement
in funds,		 included in the above are as follows: in the above are as follows:
Incoming Resources Gains and
Movement
in
resources
E		 expended
E		 losses
f		 funds
f
Unrestricted
funds
General
Fund		 81,409 (7,514) (46,336) 27,559
Designated Commitments Fund (59,936) 46,336 (13,600)
Endowment funds
Permanent CapitalFund (10,302) (143,336) (153,638)
TOTALFUNDS 81,409 (77,752) (143,336) (139,679)
A current year 12months and prior year 12 months combined position is as follows:
Net Transfers
At1.1.2022 movement between At
in funds funds 31.12.2023
E E E
Unrestricted funds
GeneralFund 141,888 146,235 (140,181) 147,942
Designated Commitments Fund 42,850 (153,781) 140,181 29,250
Endowment funds
Permanent Capital Fund 1,847,585 (169,657) 1,677,928
TOTAL FUNDS 2.052,m l ».M3I 1,855,120
A current year 12 months and prior year 12 months combined net movement
in funds,		 included
in the		 above are
as follows:
Incoming Resources Gains and
Movement
ln
resources expended losses funds
f E E E
Unrestricted funds
General
Fund		 163,836 (17,601) 146,235
Designated Commitments Fund (153,781) (153,781)
Endowment funds
Permanent Capital Fund (20,917) (148,740) (169,657)
TOTAL FUNDS 163,836 (192,299) (148,740) (177,203)