2023-03-31-accounts - Prema

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		Pages
Report ofthe Council of	Management/Directors	1-7
Independent Examiner's	report	8-9
Statement of Financial Activities		10
Balance sheet
Notes to the accounts		12-22

				Unrestricted		Restricted	Endowment	Total this	Total last
				funds		funds	funds	year	year
			Nots	2023		2023	2023	2023	2022
				6			8	6	6
Income:
Donations and legades				95,651				95,651	71,002
Income from charitabie		activites		41,996		8,993		50,989	30,705
Income from tmding	sctivitss			24,870				24,870	28,754
Investment income				158				158	4
Other income				500		6563		7063	31 584
Total income				163175		15556		178731	162049
Expenditure
Costs of ratsing funds			8	12,437				12,437	14,490
Charitable activities			9	137,962		18,251	1,200	157,413	144,135
Other			11
Total expenditure				150399		18251	1 200	169850	158625
Net Income/expenditure				12,776	-	2,695 -	1,200	8,881	3,424
Transfers between	funds
Other recognised	gains/fiosses)
Net movement In funds			19	12776	-	2695 -	1200	8881	3424
Reconciliation offunds
Total funds brought	forward			107,418		114,995	81,600	304,013	300,589
Total funds carried	forward		19	120194		112300	80400	312894	304013

3	Incom	e from donatio	ns	and lega	cies
					Unrestricted	Restricted	Tots I	Last year
					Funds	Funds	Funds	total Funds
					2023 8	2023 8	2023f	2022 8
	Grants:
	Stroud	District Council			5,000		5,000	15,527
	Arts Council				87847		87 847	53217
					92,847		92,847	68,744
	Friends	membership			510		510	994
	Donations				2,294		2,294	1,264
					95651		95651	71 002
4	income from charttable			activities
					Unrestricted	Restricted	Total	Lastyear
					Funds	Funds	Funds	total Funds
					2023	2023	2023	2022
					6	8	6	6
	Tickets	for performances			9,253		9,253	3,016
	Classes				12,655		12,655	13,527
	Workshops				20,088		20,088	14,162
						8,993	8,993
					41 996	8 993	41 996	30 705
5	Income from other trading activities
					Unrestricted	Restricted	Total	Last year
					Funds	Funds	Funds	tots I Funds
					2023	2023	2023	2022
					8	6	8	6
	Sale of	dresser goods and		seasonal	3,400		3,400	1,562
	Sale of	art			4,952		4,952	9,436
	Rent income				5,818		5,818	5,178
	Booking	fees
	Create Gloucestershire		-re	interns	10,700		10,700	12,578
					24 870		24 870	28 754

6	investment	Income	Income	Income	Income
								Unrestricted	Restricted	Tots I	Lastyear
								Funds	Funds	Funds	tots I Funds
								2023	2023	2023	2022
								6	6	6	6
	Bank deposit	interest received						158		158
7	Other income
								Unrestricted	Restricted	Total	Last year
								Funds	Funds	Funds	tots I Funds
								2023	2023	2023	2022
								6	6	6	6
	Capital grant	amortisation							5,588	5,588	5,588
	Revenue grant		amortisation						975	975	390
	Create Gloucestershire					"Offwe go"
	Covld relief grants										16,480
	HMRC job retention				scheme/furlough						8,726
	Other revenue		grant		received			500		500	400
								5DD	6 563	7 D63	31 584
8	Expenditure	on		raising funds
								Unrestricted	Restricted	Total	Last year
								Funds	Funds	Funds	total Funds
								2023	2023	2023	2022
								6	E	6	6
	Staff costs							12,437		12,437	14,490
	Otherfundraising			expenses
								12 437		12437	1449D
9	Expenditure	on		charitable			activities
								Unrestricted	Restricted	Tots I	Lastyear
								Funds	Funds	Funds	total Funds
								2023	2023	2023	2022
								6	6	6	6
	Performance	and		events costs				7,924		7,924	2,437
	Workshop costs							17,442		17,442	18,070
	Staff costs - direct			costs				41,458		41,458	25,466
	Piano Bursary	costs							975	975	390
	Create Gloucestershire					"Offwe go"			8993	8 993
								66,824	9,968	76,792	46,363
	Governance costs							21,199		21,199	21,806
	Support costs							49,939	9,483	59,422	75,966
								137962	19451	157413	144135
								15

Governance and support costs
	Unrestricted	Restricted	Total	Last year
	Funds	Funds	Funds	total Funds
	2023f	2023 6	2023 6	2022 8
Governance costs:
Staff costs	12,437		12,437	13,637
Rates, insurance and licencss	1,455		1,455	1,301
Heat, light and deaning	3,408		3,408	1,795
Repairs and renewals	766		766	1,833
General office costs	1,672		1,672	2,086
Independent Exanfiner Services	850		850	850
Bank and card charges	611		611	504
	21 199		21 199	21 996
Support costs:
Staff costs - support	16,583		16,583	23,730
Staff training				419
Sale ofait costs				846
Dresser and other materials costs	4,991		4,991	4,876
Catering costs	233		233	353
Marketing and advertising	810		810	99
Consultancy	1,561		1,561	8,900
Printing and artwork
Exhibitions costs	4,222		4,222	6,558
Travel	496		496	260
Heat, light and deaning	7,952		7,952	4,189
Repairs and renewals	1,786		1,786	3,810
General offce costs	3,920		3,920	4,893
Rates, insurance and licsncss	3,395		3,395	3,035
Other charitable expenditure	20		20
Accountancy
Bank and card charges	1,425		1,425	1,178
Depreciation of buildings	700	9,460	10,160	10,160
Depreciation of fixtures and fittings	2,693	23	2,716	2,482
Depreciation of website
Loss/(profit) on disposal offixed asset	144		144	178
	49939	9483	59422	75 966

12	Net income/expenditure forthe year	Net income/expenditure forthe year
				2023f	2022f
	The percentage of income accruing outside the United		Kingdom was
	The net income/expenditure for the	year is stated after charging:
	Depreciation of owned fixed assets			12,876	12,642
	Independent Examiner: independent	Examination		850	850
	See note 20 fordetails ofexpenses paid to trustees or		persons connected	with them.
13	Staffcosts and emoluments
				2023 f	2022f
	Gross Salaries: staff			81,786	76,092
	Employer's National Insurance				204
	Employer's pension contnTiutions			1 129	1 927
				52915	77 323
	Numbers of full time employees or full	time equivalents		2023	2022
	Engaged on charitable activities
	Engaged on fundraising activities
	Engaged on management and administration
				4	4

								Freehold	Freehold	Fixtures
								Land	and	and
								buildings		equipment	Webs its	Total
									6	8
Asset cost, valuation			or	revalued			amount
At 1 April 2022								538,007		105,212	15,456	658,675
Additions										2,140		2,140
Disposals										953		953
At 31 March 2023								538	007	106399	15456	659862
Accumulated depreciation					and impairment provisions
At 1 April 2022								71,120		95,719	15,456	182,295
Charge for the year								10,160		2,716		12,876
Eliminated on disposals										809		809
At 31 March 2023								81	280	97626	15456	194362
Net book value
At 31 March 2023								456	727	8 773		465 50D
At 31 Maich 2022								466	887	9 493		476 380
Alf assets are used	for		direct		charitable			purposes	and there are no inalienable		or heritage	assets.
The fixed asset addifions				in	the	year can be further analysed:
								Freehold		Fixtures
								Land	and	and
								bugdings		equipment	Websiia	Total
									6	8		6
Restricted funds:
Funded by grants
Funded by restricted		donations
Unrestricted funds:
Funded by designated			fund
Funded by general	unrestricted					funds				2 140		2 140
										2 14D		2 140
Total additions in the		year								2 140		2 140

15	Stock
															2023	2022
															6	6
	Goods held for sale
16	Debtors
															2023f	2022 6
	Trade debtors														1,253	4,522
	Other Debtors														468	161
	Prepaid expenses														1,649	1,428
	Accrued income														405
															3775	3 111
17	Creditors: amounts		falling due within one year
															2023	2022
															r9	6
	Trade creditors														836	1,308
	Accrued expenses														4,988	5,738
	Deferred income														2,194	424
	Taxatton and social security														576	544
	Other creditors														244	244
															8838	8258
18	Expendable restricted				fund/deferred		income
							At	1 April		Received				Amortisation		At 31 March
								2022		in	the year			charge		2023
									6				E		6
	Capital grants:
	Summerfleld Charitable			Trust				25,800							600	25,200
	Gloucestershira Environmental					Trust		28,645							666	27,979
	Arts Council England						185,885								4,323	181,562
	Revenue grants:
	Piano bursary							4,455							975	3,480
	Create Gloucestershire		"Offwe go"									11 500			8993	2 507
							244 785					11500		15557		240 728
	Grants ofa capital	nature			were received		in the year ended				31 Mamh 2016. They have					been induded
	in the balance sheet as			defened income			and	are	being	written		offover the Ne ofthe assets to which
	the grants relate.	Amortisation				ofthe grants		has been		calculated			at 2'/0, wrltting		off the	grants over a
	period of50 years,	matching				the depreciation		ofthe building			works.

Movement	s in and an	aly	sis	ofFund	s
					At 1 April	Incoming		Outgoing	At 31 March
					2022	resources		resources	2023
					E	E			E
Unrestricted	Funds				107,418	163,175	-	150,399	120,194
Restricted	Funds				114,995			2,695	112,300
Expendable	restdcted/defened			inconx	244,785	11,500	-	15,556	240,729
Endowment	Funds				81600			1 200	50400
TotalFunds					548 798	174675	—	169850	553 623
Unrestricted	funds included		above can be further analysed as:
						General	Designated		Total
						unrestricted		funds	unrestricted
						E		E	E
Income						163,175			163,175
Expenditure						149634		765	150 3119
Net income/	expenditure	in	the	year		13,541		765	12,776
Funds broughtfonvard						76,948		30,470	107,418
Funds carried forward						90489		29705	120 194

Restricted fu	nds	can be	further an	alysed	as:
								SOFA
					At 1 April	Grants		Net incomel	At 31 March
					2022 E	received E		expendituref	2023 E
Restricted Funds
National Lottery Project					69,664			1,640	68,024
Donation funded		2015/1 6 build works			45 331			1 D55	44 276
					114995			2695	11230D
Expendable	restricted/deferred			income
Grant funded	2015/16		build works		240,330			5,588	234,742
Piano bursary					4,455			975	3,480
Create Gloucestershire			"Offwe go"			11500	-	8 993	2507
					244 785	11 50D	-	15556	24D 729
Endowment	Funds
Bethesda Chapel					81 600			1 200	80400

Restricted funds included	in the Statement of Financial	in the Statement of Financial	in the Statement of Financial	in the Statement of Financial	Activities:	Activities:
		Donations and legacies		Other	income	Expenditure			Net income/ expenditure
			6						E
National Lottery Prelect
Depreciation of buildings						1,617
Depredation offixtures and fittings							23
						1	640	—	1 64D
Grant funded 2015/16 build works
Capital grant amortisatlon					5,588
Depreciation of buildings						5	588
					5588	5	588
Donation funded 2015/16 build works
Depreciation of buildings						1	D55
						1	D55	-	1 D55
Expendable restricted/deferred	income: piano bursary
Revenue grant amortisation					975
Piano bursary costs							975
					975		975
Expendable restricted/deferred	income: "Off we go"
Revenue grant received					8,993
"Offwe go"expenses						8	993
					8993	8	993
Total of all restricted funds				15556		18	251	—	2 695
Restricted endowment funds	included	In the	Statement ofRnanclal			Acuvities:

		Donations and legacies	Other income	Expenditure		Net income/ expenditure
		6	E	6		6
Endowment	fund
Depreciation	of buildings			1 20D	—	1 2DD

Council ofManagement/Directors
Ths following member ofthe Council of	Management/Directors		has been paid mmuneration	or received
any other benefits from an employment:
			2023	2022
Bethan Marriott
Member ofthe Council of Management	from	21 February 2022 to
16January 2023
Transaction: gross salary paid for employment		April 2021 to June 2021		3,939