Annual Report 2022 - 2023
2022 - 2023 saw an enthused and committed return to live music where we felt audiences once again felt secure to experience event environments post-pandemic, although we do still remain aware of ongoing potential threats.
Building on existing framework, working in conjunction with local promoters and educators, through our programme of work Jazz North East successfully supported and developed musicians, audiences, promoters and grassroots venues in Tyne and Wear.
We continued to use spaces that regularly promote jazz but also employed new performance environments to engage new diverse untapped audiences and provide a wider venue network for artists from and coming to the region.
Our project featured concerts, workshops, jazz socials, group meetings and discussion platforms.
Partnerships continued to grow which also saw us achieve some great coverage through BBC Radio.
We are proud that Jazz North East continues to enhance Tyne and Wear as a great place to live and reinforce the reputation of North England as a culturally vibrant centre for the arts.
Amongst others, our key venues throughout this time frame included The Globe and The Literary and Philosophical Society.
Alongside our venue partners and organisations including the South Asian GemArts, we continued to show support for the regional New Jazz and Improvised Music Recordings label, and remained lead partner for the forward thinking Newcastle Festival of Jazz and Improvised Music.
Whilst the lockdown period of 2020 - 2021 presented a question of the ongoing existence of Jazz North East and what the future could look like, with funding support and the vital enthusiasm from our board and audiences we feel we have managed to return stronger than ever.
Our project manager and administrator was allowed to continue steering the ship, managing the required elements of the regular workload whilst attending many Zoom sector sessions and planning for the future.
We continued to promote with our ‘Women Make Music’ concert series ever present, showing commitment to the Keychange initiative. We also maintained membership with Black Lives in Music continuing to promote diversity through our programme and action. Embodying the values of Music Declares Emergency we continue to evolve our strategies for ecological sustainability.
Jazz North East continues in its determination to sustain the high quality of programming that has been its hallmark since the organisation’s inception in 1966. Whilst we fully appreciate the importance of the jazz tradition, we believe that jazz as a creative art form is constantly moving forward and that it is our responsibility to reflect and celebrate this dynamism. Thus presentation of new artists, collaboration with other promoters and further development of international links remain crucial to our work, alongside the development of new concepts and ideas to inspire creative practise, artists and audiences.
The Jazz North East mission is that of reflecting the diversity of jazz and improvised music. The future is exciting and our commitment to being a forward-looking organisation involves a degree of financial risk. Jazz North East, our audiences, and the artists that we support are immensely grateful to Arts Council England for their continued funding, and to all other supporting organisations.
We have remained conscious that there should be no compromise on quality, ensuring that we sustain our mantra “the Best in Jazz since 1966”. We continue to maintain a programme that covers a wide spectrum of jazz styles from performances, rooted in both the ‘mainstream’ jazz tradition through to highly experimental concerts of free improvisation. We support established artists, alongside young newcomers and recent graduates just beginning to emerge onto the scene.
We continue to remain in close contact with many regional festivals in planning future events. These include the South Asian ‘Masala’ Festival working the with regional GemArts, Tyneside Irish Festival, and the Newcastle Festival of Jazz and Improvised Music.
A significant strand in our past programme has been our PRSF supported ‘Women Make Music’ project to highlight female musicians as composers, performers and instructors. We continue to develop this project and have discussed at great length the need to further support diversity within our work, to bring more people of colour into our activity, and to also find more representation for those with disabilities working alongside Attitude is Everything.
As an organisation we continue to step further into the position of a developmental body, as well as maintaining a reputation as a highly regarded promoter. Our involvement with musicians is apparent with frequent approaches in an advisory role to artists career development, requests to deliver presentations, appearing as panel members at forums and writing references and letters of support for local and international artists.
Venues and Partnerships
We were delighted to continue working with the award winning Globe. In doing so this has given us access to a well equipped venue following refurbishment, the venue is also fully accessible.
We also continued to work with Gosforth Civic Theatre. As an arts venue Gosforth Civic Theatre is home to, and run by, Liberdade Community Development Trust, a charity that works with people with learning disabilities and autism, giving them a place to belong, work and get involved in the arts and their community. As a truly inclusive space for performance, music, cinema, and events aimed at the heart of the community Gosforth Civic Theatre is a socially conscious and responsible space that prioritises the health, safety and wellbeing of its audiences, participants and performers. The Theatre acts as a live performance space with cinema projection facilities. The venue is also fully accessible, in a prime location for green transport links and benefits from on site free parking.
A third venue was the prestigious and historical Literary and Philosophical Society, which benefits from one of the finest grand pianos in the North of England, and a highly supportive team of staff and volunteers. The Lit and Phil continues to remain the central hub for Newcastle Festival of Jazz and Improvised Music, and a venue celebrated by all musicians who perform there.
Our newest partnership with the venue Bobiks continued to evolve featuring a number of very well attended concerts. Bobiks allows access to audiences in Jesmond on the outskirts beyond the city centre.
With a new production team in place at Sage Gateshead we were delighted to see our post-covid partnership developing where we worked in conjunction on the promotion of the Icelandic / German piano duo of Sunna Gunnlaugs and Julia Hülsmann.
With the absence of another available venue and the ‘not to be missed’ quartet of Alex Hitchcock / Ant Law / Jasper Høiby / Sun-Mi Hong we returned to our old stomping ground The Bridge Hotel for a sell out concert, a venue much missed by many of our regular audiences.
We continued to work with the Award winning South Asian GemArts and also Tyneside Irish Festival.
International Partnerships
Jazz North East’s reputation as a significant presence on the international jazz scene continues. Artists and organisations continue to grapple with the fallout from Brexit and Covid, but we continue to maintain relations with Dutch Performing Arts and Jazz Danmark, whilst also maintaining a commitment to artists from many overseas countries including Luxembourg, Italy, Switzerland, Germany, Australia, Canada and the USA, and many many more.
In this reporting period we featured artists from the U.S.A, Netherlands, France, Denmark, Italy, Portugal, Belgium, Germany, Iceland and Ireland alongside musicians from the UK.
Finance
The adventurous nature of Jazz North East’s programming would not be possible without the support of public funding, which enables us to maintain a creatively vibrant and forward-looking approach. Continued assistance from Arts Council England, who provide the largest share of our funding provided ongoing and gratefully received financial stability for the organisation. We received an Arts Council grant of £29,996 To support the period October 2022 - December 2023 having initially operated on reserves between April and October of 2022. We also benefit from a small amount of public donations alongside ticket sales and our online Discogs CD shop.
The Board
The Board has continued to benefit from the services of our paid admin assistant and project manager Wesley Stephenson, whose work in co-ordinating our concert programme and in liaison with the artists, concept and organisational development, alongside fundraising and marketing, has proved absolutely invaluable.
The Board members for 2022 - 2023 were:
John Pope (Chair) Melanie Grundy (Secretary) Stewart Smith (Treasurer) James Smith Ken Drew Charlie McGovern Toshitaka Zenimoto
Concert Schedule: 2022 - 2023
Sunday 10th April: Sean Noonan with the Ligeti Quartet
Sunday 17th April: Mycorrhiza
Sunday 24th April: Binker Golding / John Edwards / Steve Noble
Saturday 30th April: Arun Ghosh (International Jazz Day)
Thursday 5th May: Joe McPhee and Steve Noble
Sunday15th May: Trish Clowes ‘My Iris’
Sunday 5th June: Michael Moore / John Pope / Johnny Hunter
Monday 11th July: Jerusalem In My Heart + Farida Amadou
Thursday 21st July: Yaatri
Thursday 15th September: Marco Woolf + Faye MacCalman
Sunday 18th September: Lucid Dreamers
Friday 23rd September - Sunday 2nd October Newcastle Festival of Jazz and Improvised Music 2022
Pendulums: Music for Bellringers, Improvisers and Electronics Taupe + Bartholomew + Archipelago Skylla + Pete Wareham / Ruth Goller / Will Glaser Anthropology Band + Mark Solborg + Czajka and Puchacz Noel Dennis and Pete Churchill
Orphy Robinson Binker Golding / Alexander Hawkins / John Pope / Paul Hession + Nicole Mitchell + Maniscalco / Bigoni / Solborg Nicole Mitchell with Alexander Hawkins Black Top with Mariam Rezaei + Daniel Levin + The Beck Hunters with Laura Cole and John Pope Helen Anahita Wilson
Shifa + Bex Burch and Leafcutter John + Farida Amadou
Sunday 16th October: Vasilis Xenopoulos and the Paul Edis Quartet
Sunday 23rd October: Aonghus McEvoy Group
Sunday 4th December: Let Spin + Ceitidh Mac
Sunday 11th December: ELDA with Faye MacCalman + John Pope and John Garner
Sunday 15th January: Luis Vicente / Olie Brice / Mark Sanders
Friday 27th January: John Dikeman / Pat Thomas / John Edwards / Steve Noble
Sunday 12th February: Sylvain Darrifourcq / Manuel Hermia / Valentin Ceccaldi
Saturday 25th February: Alex Hitchcock / Ant Law / Jasper Høiby / Sun-Mi Hong Saturday 11th March: Glasshopper + Nathalie Stern
Thursday 23rd March: Sunna Gunnlaugs and Julia Hülsmann
Sunday 26th March: Outlines
COMPANY REGISTRATION NUMBER: 01357300 CHARITY REGISTRATION NUMBER: 507509
Jazz North East Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2023
Jazz North East Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 2 |
| Statement of financial activities (including income and | |
| expenditure account) | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 13 |
Jazz North East Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name Jazz North East Limited Charity registration number 507509 Company registration number 01357300 Principal office and registered 14 Kirkstone Gardens office Newcastle upon Tyne NE7 7AN The trustees Melanie Grundy Secretary Stewart Smith Treasurer John Charles McGovern Kenneth Drew Richard John Pope Jamie Martyn Toms Toshitaka Zenimoto Independent examiner JFS Torbitt Chartered Certified Accountants 58 Durham Road Birtley Co Durham DH3 2QJ
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Stewart Smith Treasurer
1
Jazz North East Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Jazz North East Limited
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Jazz North East Limited ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Freeman FCCA Independent Examiner 58 Durham Road Birtley Co Durham DH3 2QJ
2
Jazz North East Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Grants | 5 | – | 28,496 | 28,496 | 18,387 |
| Other trading activities | 6 | 6,126 | – | 6,126 | 10,738 |
| Investment income | 7 | 1 | – | 1 | 1 |
| ─────── | ──────── | ──────── | ──────── | ||
| Total income | 6,127 | 28,496 | 34,623 | 29,126 | |
| ═══════ | ════════ | ════════ | ════════ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising grants and funds | 8 | 19,379 | 11,074 | 30,453 | 33,178 |
| ──────── | ──────── | ──────── | ──────── | ||
| Total expenditure | 19,379 | 11,074 | 30,453 | 33,178 | |
| ════════ | ════════ | ════════ | ════════ | ||
| ──────── | ──────── | ──────── | ──────── | ||
| Net income/(expenditure) and net | |||||
| movement in funds | (13,252) | 17,422 | 4,170 | (4,052) | |
| ════════ | ════════ | ════════ | ════════ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 15,009 | – | 15,009 | 19,061 | |
| ──────── | ──────── | ──────── | ──────── | ||
| Total funds carried forward | 1,757 | 17,422 | 19,179 | 15,009 | |
| ════════ | ════════ | ════════ | ════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 5 to 11 form part of these financial statements.
3
Jazz North East Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 91 | 121 |
| Current assets | |||
| Debtors | 14 | – | 590 |
| Cash at bank and in hand | 20,084 | 22,009 | |
| ──────── | ──────── | ||
| 20,084 | 22,599 | ||
| Creditors: amounts falling due within one year | 15 | 996 | 7,711 |
| ──────── | ──────── | ||
| Net current assets | 19,088 | 14,888 | |
| ──────── | ──────── | ||
| Total assets less current liabilities | 19,179 | 15,009 | |
| ──────── | ──────── | ||
| Net assets | 19,179 | 15,009 | |
| ════════ | ════════ | ||
| Funds of the charity | |||
| Restricted funds | 17,422 | – | |
| Unrestricted funds | 1,757 | 15,009 | |
| ──────── | ──────── | ||
| Total charity funds | 16 | 19,179 ════════ |
15,009 ════════ |
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Stewart Smith Treasurer
The notes on pages 5 to 11 form part of these financial statements.
4
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Kirkstone Gardens, Newcastle upon Tyne, NE7 7AN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
5
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
6
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
- 25% reducing balance
7
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
4. Limited by guarantee
Jazz North East Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Grants
| Restricted | Total Funds | Restricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Grants | ||||
| Arts Council | 28,496 | 28,496 | 14,981 | 14,981 |
| Royal Society of Chemistry | – | – | 960 | 960 |
| PRS Foundation | – | – | 2,446 | 2,446 |
| ─────── | ─────── | ─────── | ─────── | |
| 28,496 | 28,496 | 18,387 | 18,387 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Concert Receipts | 5,906 | 5,906 | 7,513 | 7,513 |
| Sundry income | 220 | 220 | 3,225 | 3,225 |
| ─────── | ─────── | ──────── | ──────── | |
| 6,126 | 6,126 | 10,738 | 10,738 | |
| ═══════ | ═══════ | ════════ | ════════ |
8
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
7. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1 | 1 | 1 | 1 | |
| ════ | ════ | ════ | ════ | ||
| 8. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Artists Fee | 197 | 6,483 | 6,680 | ||
| Artists Expenses | 9,115 | 1,323 | 10,438 | ||
| Hall & Instrument Costs | 270 | – | 270 | ||
| Newcastle Festival of Jazz and Improvised Music | 3,646 | – | 3,646 | ||
| Insurance | – | – | – | ||
| Accountancy | – | 372 | 372 | ||
| Printing, postage and stationery | 60 | – | 60 | ||
| Depreciation | 30 | – | 30 | ||
| Subscriptions | 1,055 | – | 1,055 | ||
| Advertising and PR | 5,006 | 2,896 | 7,902 | ||
| ─────── | ─────── | ─────── | |||
| 19,379 | 11,074 | 30,453 | |||
| ════════ | ════════ | ════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Artists Fee | – | 15,892 | 15,892 | ||
| Artists Expenses | – | 5,984 | 5,984 | ||
| Hall & Instrument Costs | 150 | – | 150 | ||
| Newcastle Festival of Jazz and Improvised Music | 3,427 | – | 3,427 | ||
| Insurance | 168 | – | 168 | ||
| Accountancy | 300 | – | 300 | ||
| Printing, postage and stationery | 133 | – | 133 | ||
| Depreciation | 40 | – | 40 | ||
| Subscriptions | 375 | – | 375 | ||
| Advertising and PR | 5,698 | 1,011 | 6,709 | ||
| ─────── | ─────── | ─────── | |||
| 10,291 | 22,887 | 33,178 | |||
| ════════ | ════════ | ════════ | |||
| 9. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after | charging/(crediting): | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 30 | 40 | |||
| ════════ | ═══════ |
9
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
10. Independent examination fees
| Independent examination fees | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 372 ════════ |
300 ═══════ |
11. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Plant and | |||
|---|---|---|---|
| machinery | |||
| £ | |||
| Cost | |||
| At 1 April 2022 and 31 March 2023 | 1,113 | ||
| ═══════ | |||
| Depreciation | |||
| At 1 April 2022 | 992 | ||
| Charge for the year | 30 | ||
| ─────── | |||
| At 31 March 2023 | 1,022 | ||
| ═══════ | |||
| Carrying amount | |||
| At 31 March 2023 | 91 | ||
| ═══════ | |||
| At 31 March 2022 | 121 | ||
| ═══════ | |||
| 14. | Debtors | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | – | 590 | |
| ════ | ════ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | 716 | 7,431 | |
| Accruals and deferred income | 280 | 280 | |
| ──── | ─────── | ||
| 996 | 7,711 | ||
| ════ | ═══════ |
10
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 April 2022 | Income | Expenditure | 31 March 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 15,009 | 6,127 | (19,379) | 1,757 | |
| ════════ | ═══════ | ════════ | ═══════ | ||
| At | At | ||||
| 1 April 2021 | Income | Expenditure | 31 March 2022 | ||
| £ | £ | £ | £ | ||
| General funds | 19,061 | 10,739 | (10,291) | 19,509 | |
| ════════ | ════════ | ════════ | ════════ | ||
| Restricted funds | |||||
| At | At | ||||
| 1 April 2022 | Income | Expenditure | 31 March 2023 | ||
| £ | £ | £ | £ | ||
| Arts Council England | – | 28,496 | (11,074) | 17,422 | |
| ════ | ════════ | ════════ | ════════ | ||
| At | At | ||||
| 1 April 2021 | Income | Expenditure | 31 March 2022 | ||
| £ | £ | £ | £ | ||
| Scops Arts Trust | 4,000 | – | (4,000) | – | |
| The Golsoncott Foundation | 500 | – | (500) | – | |
| Arts Council England | – | 14,981 | (14,981) | – | |
| Royal Society of Chemistry | – | 960 | (960) | – | |
| PRS Foundation | – | 2,446 | (2,446) | – | |
| ──── | ─────── | ─────── | ─────── | ||
| – | 18,387 | (22,887) | (4,500) | ||
| ════ | ════════ | ════════ | ═══════ | ||
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 91 | – | 91 | ||
| Current assets | 2,662 | 17,422 | 20,084 | ||
| Creditors less than 1 year | (996) | – | (996) | ||
| ─────── | ──────── | ──────── | |||
| Net assets | 1,757 | 17,422 | 19,179 | ||
| ═══════ | ════════ | ════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 121 | – | 121 | ||
| Current assets | 22,599 | – | 22,599 | ||
| Creditors less than 1 year | (7,711) | – | (7,711) | ||
| ──────── | ──── | ──────── | |||
| Net assets | 15,009 | – | 15,009 | ||
| ════════ | ════ | ════════ |
17. Analysis of net assets between funds
11
Jazz North East Limited
Company Limited by Guarantee
Management Information
Year ended 31 March 2023
The following pages do not form part of the financial statements.
12
Jazz North East Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Grants | ||
| Grants | 28,496 | 18,387 |
| ──────── | ──────── | |
| Other trading activities | ||
| Concert Receipts | 5,906 | 7,513 |
| Sundry income | 220 | 3,225 |
| ─────── | ──────── | |
| 6,126 | 10,738 | |
| ─────── | ──────── | |
| Investment income | ||
| Bank interest receivable | 1 | 1 |
| ──── | ──── | |
| ──────── | ──────── | |
| Total income | 34,623 | 29,126 |
| ════════ | ════════ | |
| Expenditure | ||
| Costs of raising grants and funds | ||
| Artists Fees | 6,680 | 15,892 |
| Artists Expenses | 10,438 | 5,984 |
| Hall & Instrument Costs | 270 | 150 |
| Newcastle Festival of Jazz and Improvised Music | 3,646 | 3,427 |
| Insurance | – | 168 |
| Accountancy fees | 372 | 300 |
| Printing, postage and stationery | 60 | 133 |
| Depreciation | 30 | 40 |
| Subscriptions | 1,055 | 375 |
| Advertising and PR | 7,902 | 6,709 |
| ──────── | ──────── | |
| 30,453 | 33,178 | |
| ──────── | ──────── | |
| ──────── | ──────── | |
| Total expenditure | 30,453 | 33,178 |
| ════════ | ════════ | |
| ──────── | ──────── | |
| Net income/(expenditure) | 4,170 ════════ |
(4,052) ════════ |
13
COMPANY REGISTRATION NUMBER: 01357300 CHARITY REGISTRATION NUMBER: 507509
Jazz North East Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2023
Jazz North East Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 2 |
| Statement of financial activities (including income and | |
| expenditure account) | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 13 |
Jazz North East Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name Jazz North East Limited Charity registration number 507509 Company registration number 01357300 Principal office and registered 14 Kirkstone Gardens office Newcastle upon Tyne NE7 7AN The trustees Melanie Grundy Secretary Stewart Smith Treasurer John Charles McGovern Kenneth Drew Richard John Pope Jamie Martyn Toms Toshitaka Zenimoto Independent examiner JFS Torbitt Chartered Certified Accountants 58 Durham Road Birtley Co Durham DH3 2QJ
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Stewart Smith Treasurer
1
Jazz North East Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Jazz North East Limited
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Jazz North East Limited ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Freeman FCCA Independent Examiner 58 Durham Road Birtley Co Durham DH3 2QJ
2
Jazz North East Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Grants | 5 | – | 28,496 | 28,496 | 18,387 |
| Other trading activities | 6 | 6,126 | – | 6,126 | 10,738 |
| Investment income | 7 | 1 | – | 1 | 1 |
| ─────── | ──────── | ──────── | ──────── | ||
| Total income | 6,127 | 28,496 | 34,623 | 29,126 | |
| ═══════ | ════════ | ════════ | ════════ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising grants and funds | 8 | 19,379 | 11,074 | 30,453 | 33,178 |
| ──────── | ──────── | ──────── | ──────── | ||
| Total expenditure | 19,379 | 11,074 | 30,453 | 33,178 | |
| ════════ | ════════ | ════════ | ════════ | ||
| ──────── | ──────── | ──────── | ──────── | ||
| Net income/(expenditure) and net | |||||
| movement in funds | (13,252) | 17,422 | 4,170 | (4,052) | |
| ════════ | ════════ | ════════ | ════════ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 15,009 | – | 15,009 | 19,061 | |
| ──────── | ──────── | ──────── | ──────── | ||
| Total funds carried forward | 1,757 | 17,422 | 19,179 | 15,009 | |
| ════════ | ════════ | ════════ | ════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 5 to 11 form part of these financial statements.
3
Jazz North East Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 91 | 121 |
| Current assets | |||
| Debtors | 14 | – | 590 |
| Cash at bank and in hand | 20,084 | 22,009 | |
| ──────── | ──────── | ||
| 20,084 | 22,599 | ||
| Creditors: amounts falling due within one year | 15 | 996 | 7,711 |
| ──────── | ──────── | ||
| Net current assets | 19,088 | 14,888 | |
| ──────── | ──────── | ||
| Total assets less current liabilities | 19,179 | 15,009 | |
| ──────── | ──────── | ||
| Net assets | 19,179 | 15,009 | |
| ════════ | ════════ | ||
| Funds of the charity | |||
| Restricted funds | 17,422 | – | |
| Unrestricted funds | 1,757 | 15,009 | |
| ──────── | ──────── | ||
| Total charity funds | 16 | 19,179 ════════ |
15,009 ════════ |
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Stewart Smith Treasurer
The notes on pages 5 to 11 form part of these financial statements.
4
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Kirkstone Gardens, Newcastle upon Tyne, NE7 7AN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
5
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
6
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
- 25% reducing balance
7
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
4. Limited by guarantee
Jazz North East Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Grants
| Restricted | Total Funds | Restricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Grants | ||||
| Arts Council | 28,496 | 28,496 | 14,981 | 14,981 |
| Royal Society of Chemistry | – | – | 960 | 960 |
| PRS Foundation | – | – | 2,446 | 2,446 |
| ─────── | ─────── | ─────── | ─────── | |
| 28,496 | 28,496 | 18,387 | 18,387 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Concert Receipts | 5,906 | 5,906 | 7,513 | 7,513 |
| Sundry income | 220 | 220 | 3,225 | 3,225 |
| ─────── | ─────── | ──────── | ──────── | |
| 6,126 | 6,126 | 10,738 | 10,738 | |
| ═══════ | ═══════ | ════════ | ════════ |
8
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
7. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1 | 1 | 1 | 1 | |
| ════ | ════ | ════ | ════ | ||
| 8. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Artists Fee | 197 | 6,483 | 6,680 | ||
| Artists Expenses | 9,115 | 1,323 | 10,438 | ||
| Hall & Instrument Costs | 270 | – | 270 | ||
| Newcastle Festival of Jazz and Improvised Music | 3,646 | – | 3,646 | ||
| Insurance | – | – | – | ||
| Accountancy | – | 372 | 372 | ||
| Printing, postage and stationery | 60 | – | 60 | ||
| Depreciation | 30 | – | 30 | ||
| Subscriptions | 1,055 | – | 1,055 | ||
| Advertising and PR | 5,006 | 2,896 | 7,902 | ||
| ─────── | ─────── | ─────── | |||
| 19,379 | 11,074 | 30,453 | |||
| ════════ | ════════ | ════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Artists Fee | – | 15,892 | 15,892 | ||
| Artists Expenses | – | 5,984 | 5,984 | ||
| Hall & Instrument Costs | 150 | – | 150 | ||
| Newcastle Festival of Jazz and Improvised Music | 3,427 | – | 3,427 | ||
| Insurance | 168 | – | 168 | ||
| Accountancy | 300 | – | 300 | ||
| Printing, postage and stationery | 133 | – | 133 | ||
| Depreciation | 40 | – | 40 | ||
| Subscriptions | 375 | – | 375 | ||
| Advertising and PR | 5,698 | 1,011 | 6,709 | ||
| ─────── | ─────── | ─────── | |||
| 10,291 | 22,887 | 33,178 | |||
| ════════ | ════════ | ════════ | |||
| 9. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after | charging/(crediting): | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 30 | 40 | |||
| ════════ | ═══════ |
9
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
10. Independent examination fees
| Independent examination fees | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 372 ════════ |
300 ═══════ |
11. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Plant and | |||
|---|---|---|---|
| machinery | |||
| £ | |||
| Cost | |||
| At 1 April 2022 and 31 March 2023 | 1,113 | ||
| ═══════ | |||
| Depreciation | |||
| At 1 April 2022 | 992 | ||
| Charge for the year | 30 | ||
| ─────── | |||
| At 31 March 2023 | 1,022 | ||
| ═══════ | |||
| Carrying amount | |||
| At 31 March 2023 | 91 | ||
| ═══════ | |||
| At 31 March 2022 | 121 | ||
| ═══════ | |||
| 14. | Debtors | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | – | 590 | |
| ════ | ════ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | 716 | 7,431 | |
| Accruals and deferred income | 280 | 280 | |
| ──── | ─────── | ||
| 996 | 7,711 | ||
| ════ | ═══════ |
10
Jazz North East Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 April 2022 | Income | Expenditure | 31 March 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 15,009 | 6,127 | (19,379) | 1,757 | |
| ════════ | ═══════ | ════════ | ═══════ | ||
| At | At | ||||
| 1 April 2021 | Income | Expenditure | 31 March 2022 | ||
| £ | £ | £ | £ | ||
| General funds | 19,061 | 10,739 | (10,291) | 19,509 | |
| ════════ | ════════ | ════════ | ════════ | ||
| Restricted funds | |||||
| At | At | ||||
| 1 April 2022 | Income | Expenditure | 31 March 2023 | ||
| £ | £ | £ | £ | ||
| Arts Council England | – | 28,496 | (11,074) | 17,422 | |
| ════ | ════════ | ════════ | ════════ | ||
| At | At | ||||
| 1 April 2021 | Income | Expenditure | 31 March 2022 | ||
| £ | £ | £ | £ | ||
| Scops Arts Trust | 4,000 | – | (4,000) | – | |
| The Golsoncott Foundation | 500 | – | (500) | – | |
| Arts Council England | – | 14,981 | (14,981) | – | |
| Royal Society of Chemistry | – | 960 | (960) | – | |
| PRS Foundation | – | 2,446 | (2,446) | – | |
| ──── | ─────── | ─────── | ─────── | ||
| – | 18,387 | (22,887) | (4,500) | ||
| ════ | ════════ | ════════ | ═══════ | ||
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 91 | – | 91 | ||
| Current assets | 2,662 | 17,422 | 20,084 | ||
| Creditors less than 1 year | (996) | – | (996) | ||
| ─────── | ──────── | ──────── | |||
| Net assets | 1,757 | 17,422 | 19,179 | ||
| ═══════ | ════════ | ════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 121 | – | 121 | ||
| Current assets | 22,599 | – | 22,599 | ||
| Creditors less than 1 year | (7,711) | – | (7,711) | ||
| ──────── | ──── | ──────── | |||
| Net assets | 15,009 | – | 15,009 | ||
| ════════ | ════ | ════════ |
17. Analysis of net assets between funds
11
Jazz North East Limited
Company Limited by Guarantee
Management Information
Year ended 31 March 2023
The following pages do not form part of the financial statements.
12
Jazz North East Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Grants | ||
| Grants | 28,496 | 18,387 |
| ──────── | ──────── | |
| Other trading activities | ||
| Concert Receipts | 5,906 | 7,513 |
| Sundry income | 220 | 3,225 |
| ─────── | ──────── | |
| 6,126 | 10,738 | |
| ─────── | ──────── | |
| Investment income | ||
| Bank interest receivable | 1 | 1 |
| ──── | ──── | |
| ──────── | ──────── | |
| Total income | 34,623 | 29,126 |
| ════════ | ════════ | |
| Expenditure | ||
| Costs of raising grants and funds | ||
| Artists Fees | 6,680 | 15,892 |
| Artists Expenses | 10,438 | 5,984 |
| Hall & Instrument Costs | 270 | 150 |
| Newcastle Festival of Jazz and Improvised Music | 3,646 | 3,427 |
| Insurance | – | 168 |
| Accountancy fees | 372 | 300 |
| Printing, postage and stationery | 60 | 133 |
| Depreciation | 30 | 40 |
| Subscriptions | 1,055 | 375 |
| Advertising and PR | 7,902 | 6,709 |
| ──────── | ──────── | |
| 30,453 | 33,178 | |
| ──────── | ──────── | |
| ──────── | ──────── | |
| Total expenditure | 30,453 | 33,178 |
| ════════ | ════════ | |
| ──────── | ──────── | |
| Net income/(expenditure) | 4,170 ════════ |
(4,052) ════════ |
13