BRISTOL REFUGEE FESTIVAL CIC

Company limited by guarantee

Company Registration Number:
11065403 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 March 2023

End date: 31 March 2024

BRISTOL REFUGEE FESTIVAL CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

BRISTOL REFUGEE FESTIVAL CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company during the period 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 2023 to 31 March 2024

J. Jatta
R. Lutz
F. A. Mohamud
J. Olsen
D.J. Vincent
A.J. Williams


The director shown below has held office during the period of
1 March 2023 to 23 November 2023

K. Babeev


The director shown below has held office during the period of
1 March 2023 to 4 August 2023

P. Davis


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
23 October 2024

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 31 March 2024

13 months to 31 March 2024 2023


£

£
Turnover: 4,156 999
Cost of sales: ( 29,515 ) ( 8,725 )
Gross profit(or loss): (25,359) (7,726)
Distribution costs: ( 4,156 ) ( 4,692 )
Administrative expenses: ( 81,242 ) ( 69,341 )
Other operating income: 124,302 85,421
Operating profit(or loss): 13,545 3,662
Profit(or loss) before tax: 13,545 3,662
Tax: ( 633 ) ( 42 )
Profit(or loss) for the financial year: 12,912 3,620

BRISTOL REFUGEE FESTIVAL CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024 2023


£

£
Current assets
Debtors: 3 10,000
Cash at bank and in hand: 62,697 51,889
Total current assets: 62,697 61,889
Creditors: amounts falling due within one year: 4 ( 40,970 ) ( 53,074 )
Net current assets (liabilities): 21,727 8,815
Total assets less current liabilities: 21,727 8,815
Total net assets (liabilities): 21,727 8,815
Members' funds
Profit and loss account: 21,727 8,815
Total members' funds: 21,727 8,815

The notes form part of these financial statements

BRISTOL REFUGEE FESTIVAL CIC

Balance sheet statements

For the year ending 31 March 2024 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 23 October 2024
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 31 March 2024

  • 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 is passed.

    Other accounting policies

    Grants Grants 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 31 March 2024

  • 2. Employees

    13 months to 31 March 2024 2023
    Average number of employees during the period 4 5

BRISTOL REFUGEE FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

13 months to 31 March 2024 2023
£ £
Trade debtors 10,000
Total   10,000

BRISTOL REFUGEE FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

13 months to 31 March 2024 2023
£ £
Taxation and social security 990 110
Accruals and deferred income 39,768 52,694
Other creditors 212 270
Total 40,970 53,074

Accruals and deferred income includes £36,850 (2023: £51,965) of grant funding received to be carried forward.

COMMUNITY INTEREST ANNUAL REPORT

BRISTOL REFUGEE FESTIVAL CIC

Company Number: 11065403 (England and Wales)

Year Ending: 31 March 2024

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. Between Mar 23 – Mar 24, we have had held over 40 events and activities and have engaged over 6000 people, 900+ being Refugees and Asylum Seekers. We worked with 39 partner organisations and community hubs to produce a varied programme of events across the year. 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.

Consultation with stakeholders

Our main stakeholders are refugee and asylum seekers and the support agencies that work with them, but also the local community hubs we work in. Programme content is informed via feedback and evaluation from the previous 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 had a variety of opportunities for stakeholders and partners to be consulted and involved in the events and activities that we produce and ensure that that connections are continue. - Open planning meetings - Local Welcome chats - Workshops, toolkits and inspiration - Co-creation of local events - Feedback surveys, evaluation, focus groups The development of BRF’s Ambassador programme has been key to the success of the last 3 years. Refugee and asylum seekers are recruited to be a voice for their communities, encourage participation from others, be ambassadors for BRF and are involved in all aspects of the planning and delivery of the programme. During this year, an additional Development Training programme strand has provided refugees and asylum seekers with leadership, creative, and development opportunities. These have included the following workshops: - Event Management - Artist Development - Trauma Awareness - Evaluation Training - Co-creation Processes For further information about our work please refer to our website www.bristolrefugeefestival.org

Directors' remuneration

Aggregate director remuneration totalled £32,243 in the period

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 October 2024

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