BROMSGROVE COMMUNITY ARTS
Provision of facilities in the district of Bromsgrove for arts, cultural, educational and recreational activities
Objects
TO FURTHER OR BENEFIT THE RESIDENTS OF BROMSGROVE AND THE NEIGHBOURHOOD, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS.IN FURTHERANCE OF THESE OBJECTS BUT NOT OTHERWISE, THE TRUSTEES SHALL HAVE POWER:TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE OR CO-OPERATE WITH ANY STATUTORY AUTHORITY IN THE MAINTENANCE AND MANAGEMENT OF SUCH A CENTRE FOR ACTIVITIES PROMOTED BY THE CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS.
Financial health, per its FY2024 accounts
The accounts state that the charity operated solely with volunteers during the period, resulting in no employee remuneration costs. The charity reported a net income surplus of £5,589, bringing its unrestricted fund balance to £5,589 at year-end. This actual reserve level is below the trustees' stated policy target of approximately £50,000.
What the accounts disclose
“The charity currently aims to maintain free reserves (unrestricted funds not committed or designated) at a level equivalent to approximately three months of normal operating expenditure. Based on the charity's current budgeted annual expenditure, this equates to a target reserve of approximately £50k.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Liam David Grazierchair
- Christopher Nigel William Passey
- Florence Beckett
- Jayne Harper
- Julie Elizabeth Wright
- Simon Creed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £221k | £215k |
Common questions
Is BROMSGROVE COMMUNITY ARTS financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated solely with volunteers during the period, resulting in no employee remuneration costs. The charity reported a net income surplus of £5,589, bringing its unrestricted fund balance to £5,589 at year-end. This actual reserve level is below the trustees' stated policy target of approximately £50,000. Its FY2024 accounts were independently examined.