BRISTOL REFUGEE FESTIVAL CIC

Company limited by guarantee

Company Registration Number:
11065403 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

BRISTOL REFUGEE FESTIVAL CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRISTOL REFUGEE FESTIVAL CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The principal activity of the company during the year under review was running an annual festival. The company is a public benefit entity.



Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

F.A. Mohamud
J. Olsen
D.J. Vincent


The director shown below has held office during the period of
1 March 2022 to 1 January 2023

L. Counsell


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 November 2023

And signed on behalf of the board by:
Name: J. Olsen
Status: Director

BRISTOL REFUGEE FESTIVAL CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 999 151
Cost of sales: ( 8,725 ) ( 2,331 )
Gross profit(or loss): (7,726) (2,180)
Distribution costs: ( 4,692 ) ( 2,292 )
Administrative expenses: ( 69,341 ) ( 53,191 )
Other operating income: 85,421 58,876
Operating profit(or loss): 3,662 1,213
Profit(or loss) before tax: 3,662 1,213
Tax: ( 42 )
Profit(or loss) for the financial year: 3,620 1,213

BRISTOL REFUGEE FESTIVAL CIC

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 10,000 476
Cash at bank and in hand: 51,889 39,226
Total current assets: 61,889 39,702
Creditors: amounts falling due within one year: 4 ( 53,074 ) ( 34,507 )
Net current assets (liabilities): 8,815 5,195
Total assets less current liabilities: 8,815 5,195
Total net assets (liabilities): 8,815 5,195
Members' funds
Profit and loss account: 8,815 5,195
Total members' funds: 8,815 5,195

The notes form part of these financial statements

BRISTOL REFUGEE FESTIVAL CIC

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 November 2023
and signed on behalf of the board by:

Name: J. Olsen
Status: Director

The notes form part of these financial statements

BRISTOL REFUGEE FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when all the following conditions are satisfied:- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;- the amount of revenue can be measured reliably;- it is probable that the economic benefits associated with the transaction will flow to the Company;and- the costs incurred or to be incurred in respect of the transaction can be measured reliably.Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title ispassed.

    Other accounting policies

    GrantsGrants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

BRISTOL REFUGEE FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

BRISTOL REFUGEE FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 2022
£ £
Trade debtors 10,000
Other debtors 476
Total 10,000 476

BRISTOL REFUGEE FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 110
Accruals and deferred income 52,694 32,655
Other creditors 270 1,852
Total 53,074 34,507

Other creditors includes £270 (2022: £50) which represents funds managed on behalf of a separate unincorporated organisation. Accruals and deferred income includes £51,965 (2022: £32,235) of grant funding received to be carried forward.

COMMUNITY INTEREST ANNUAL REPORT

BRISTOL REFUGEE FESTIVAL CIC

Company Number: 11065403 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Bristol Refugee Festival (BRF) promotes better understanding as to why people seek sanctuary and exemplifies the value there is in the diversity and talent that refugees and asylum seekers bring to Bristol. It works for the benefit of refugees, asylum seekers (RAS) and organisations within Bristol and the surrounding area.BRF realises its aims through:- A programme of arts, cultural and educational events bringing together communities across Bristol and the surrounding area to celebrate and value the contribution of refugees to the city.- Collaborating with organisations and communities in Bristol to develop a diverse programme of events to promote better understanding as to why people seek sanctuary, help overcome misconceptions that can create hostility and support successful integration.- Promoting events that value the diversity and talent that RAS bring to Bristol.This year approximately 2,092 people, 496 of whom were Refugees and Asylum Seekers, have been engaged through the events and opportunities that have taken place this as listed below. This is a huge increase of over 160% from last year, when 802 people engaged, 332 of whom were Refugees and Asylum Seekers. We worked with 23 partner organisations and community hubs to produce a varied programme of events across the year. BRF have effectively evolved strategies informed by last year’s learning, such as producing more flyers and localising events, plus there was an end to Covid-19 restrictions, which have all contributed to this increase.The activities benefited the community by:- Bringing together local residents and Refugee and Asylum Seekers (RAS), building strong relationships in and across communities.- Working towards ensuring that RAS know that they are welcome in their local community hubs and spaces that matter to communities.- Enabling host communities to have the confidence and knowledge to engage with RAS in their area, enabling them to create places of welcome and inclusion.- Enabling RAS to be more effectively engaged and support them to become more active members of their community.- Reducing loneliness and isolation.The Bristol Refugee Festival team has evolved a programme informed through learning from Covid 19 restrictions by continuing to creatively design and produce a hybrid range of events and activities, that range from small and intimate, to large public events in parks and community hubs. The team continues to develop new ideas and new partnerships, through opening up spaces for cocreation, new partnerships and collaborations.Through strategic planning the BRF team has significantly increased the audiences and raised the profile of the festival in 2022. The success of this year’s work has again led to a need for greater capacity or working hours and more variety in skills and knowledge, within the team and the board.For further information about our work please refer to our website www.bristolrefugeefestival.org

Consultation with stakeholders

Our main stakeholders are refugee and asylum seekers and the support agencies that work with them.Programme content was informed via feedback and evaluation from last year’s Festival and regular consultation throughout the planning process with refugee and asylum seekers and via open planning meetings to encourage and support communities, organisations and projects to be involved.We also had a series of ‘welcome chats’ at different community hubs across the city, inviting local residents (including refugees and asylum seekers) to discuss how to make hubs more welcoming and inclusive to new community members. We also held a ‘creating spaces of welcome’ workshop to enable communities hubs to feel more confident in welcoming and engaging refugees and asylum seekers.The Ambassador programme has been key to beginning the process of more meaningful involvement of Refugees and Asylum Seekers within the organisation. Ambassadors have been involved in, for example, speaking at public events, talking with other Refugees and Asylum Seekers to ensure they understand the festival programme, volunteering at events, facilitating crafts sessions. Ambassadors also inform the festival and the wider programme through monthly meetings. Ambassadors also have a significant role in informing and reflecting on the events of the festival and informing future developments, through debriefs and sense making opportunities.“The refugee festival shows a lot of support for refugees and makes them feel like they belong and are welcomed. I would like to learn about the cultures and customs of other countries, as knowing them makes stronger relationships, makes us closer to each other and increases the mutual respect.” (2022 Festival Ambassador)

Directors' remuneration

Director's remuneration was as follows: £27,319

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 September 2023

And signed on behalf of the board by:
Name: J. Olsen
Status: Director