DADA – DISABILITY AND DEAF ARTS
INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023
Company Number: 02636606 Charity Number: 1014390
Dada The Bluecoat School Lane Liverpool L1 3BX
DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES
R Martin S Davies
H Ahmadzadeh
A Breadon (appointed 28[th] July 2023)
M L Stubbs (resigned on 18[th] July 2023) JE Price (resigned on 18[th] July 2023)
SECRETARY
C Lowther (appointed 18[th] July 2023) R Nutter (resigned 18[th] July 2023)
REGISTERED OFFICE
The Bluecoat School Lane Liverpool, L1 3BX
COMPANY NUMBER
02636606
CHARITY NUMBER
1014390
BANKERS
The Co-Operative Bank PO Box 101 1 Balloon Street Manchester M60 4EP
INDEPENDENT EXAMINER
Matthew Brown, CPFA Adding Value Consultancy Ltd Studio 6, Bluecoat Chambers School Lane Liverpool L1 3BX
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
CONTENTS
| Page | |
|---|---|
| Chair’s Statement | 3 |
| Report of the Trustees | 4 |
| Independent Examiner's Statement | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Accounts | 13-23 |
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
CHAIR’S STATEMENT
2022-23 has been another year of transition for DaDa as we continued to re-establish our inperson artist support and community programmes following the pandemic, and successfully produced our biennial DaDaFest International in November 2022.
Following the departure of the joint Artistic Director/CEO at the end of 2021-22, we invited Rachel Rogers and Joe Strickland to step up as Executive Producers to lead the work of the organisation. They were joined as a leadership team in February 2023 by Ngozi Ugochukwu as Artistic Consultant. We continued to work in partnership with Coventry University to research and explore the feasibility of alternative models of disabled leadership and look forward to the findings in the autumn of 2023. Further change to the staff team came in January 2023 when Richard Nutter retired from his role as Business Development Manager. We would like to thank Richard for the all work he did during his nine years with us and wish him all the best for the future. As a Board we welcomed Alison Breadon who joined us as a Trustee in January 2023.
In addition to producing the Festival we continued our collaboration with The Royal Liverpool Philharmonic Orchestra, Alder Hey hospital and our Youth Music-funded Ensemble programme for young musicians at the Resonate Music Hub continued throughout the year. We secured funding from the British Council for an international collaboration with artists from Nigeria and Indonesia, and our support for emerging artists backed by the Esmée Fairbairn Foundation remained a main pillar of our work.
The year ahead sees us in a strong financial position to deal with the challenges we have set ourselves to develop a strategy for the organisation for the post-pandemic world, to confirm the executive leadership team and to strengthen our Board with a Trustees’ recruitment drive. Our success in achieving Arts Council England National Portfolio status for the 3-year period 2023-26, along with the ongoing support of Liverpool City Council provides us with a good base to start from.
We remain confident that we will continue to ensure that the arts we support provide a platform to challenge the prevalent negative perceptions of disabled people, highlight inequalities and promote socially just alternatives.
Many thanks to all those who support us with funds and resources, to those who engage with or in our work and in particular to all the DaDa staff and Board members helping to make our aspirations a reality.
Sally Davies Chair of trustees October 2023
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES REPORT
The trustees present their report and financial statements of the charity for the year ended 31 March 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (as amended for accounting periods commencing from 1 January 2016)". The charity is a Public Benefit Entity as defined by FRS 102.
Organisation
The board of trustees, which can have up to 15 members, administers the charity. The board plan to meet quarterly with sub groups (Finance and Business Sustainability and Arts and Development Programme) meeting quarterly or as required in advance of full board meetings.
An Artistic Director and an Executive Director are appointed by the trustees to manage the day to day operation of the charity. To facilitate effective operation, the Artistic Director and the Executive Director have delegated authority, within the terms of delegation approved by the trustees, for operational matters including finance, employment and artistic performances by the charity.
Structure, governance and management
The trustees, who are also the directors for the purpose of company law, and who served during the year are listed on page 1 of the accounts.
Appointment of Trustees
As set out in the Articles of Association, the board of trustees may appoint any member to join the board, provided it does not exceed the maximum of 15. Any member so appointed shall remain in office until the AGM where he/she is eligible for re-election.
At the AGM, one third of the trustees who have served the longest since their last election retire with the opportunity to be re-elected.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of winding up.
Trustee Induction and Training
New trustees are presented with an information pack to brief them on their legal obligations, under charity and company law, the content of the Memorandum and Articles of Association, the board and decision making processes, the business plan and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events, which facilitate the undertaking of their role.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES REPORT (continued)
Activities during the year
Artist Development Programme
The Artist Development Programme ran throughout the year and brought together two strands of DaDa’s programme.
DaDa Fellows – a cohort of 8 artists, recruited in 2021. Having shared scratch versions of their work in the autumn of the previous year. Four of these artists went on to share fully developed works within the framework of our International Festival in 2022.
DaDa Music Programme also ran throughout the academic year comprising the longstanding DaDa Ensemble project delivered in partnership with Resonate Music Hub and a Composition Project delivered in partnership with Liverpool Philharmonic. Both programmes focus on developing emerging artists by meeting them where they are and providing a mixture of training, mentoring, production support and performance opportunities to facilitate individual development and the creation of new work for our public programme.
Community, Education & Research
Alder Hey – Arts on prescription project. This ambitious three-year project came to a conclusion in the summer of 2022. DaDa worked in partnership with Alder Hey hospital to deliver bespoke 1:1 sessions to a mix of in-patients and outpatients at Alder Hey Hospital with many sessions taking place in the children’s schools or in community settings. The project was child led and focused on experimentation, play and exploration of creative ideas. The feedback received from children and guardians reflected the boost this project gave to individuals wellbeing, confidence and creative development. DaDa is committed to exploring the potential of continuing their work through social prescribing in partnership with Alder Hey.
Hologram Research and Development . Funded by The Space in Birmingham, this project focused on research into using Augmented Reality to increase the affordability of BSL interpretation to enable independent artists and arts organisation to increase audience access to their work. DaDa are delighted that this project won the ‘Digital Transformation’ category at the Digital Culture Awards in early 2023.
DaDafest International 2022
The format of DDFI22 focused more on showcasing local and emerging artists’ talents and comprised a Summer and Autumn programme with the international element brought through the online Pen Pals project and the annual Rushton Social Justice Lecture.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES REPORT (continued)
Made Of Gold was an ambitious project devised in partnership with Black Gold Arts in Manchester to create, develop and present a piece of strolling street theatre suitable for performance at outdoor festivals and events. The aim being to build a full creative team of Global Majority artists and practitioners from the North West to deliver the project. In line with the remit and ethos of the two lead organisations (DaDa and Black Gold Arts), the performers and leading creatives identified as disabled, neurodivergent and/or queer and the work included BSL interpretation and elements of audio description within the performance text. The piece was performed in Liverpool City Centre in June 2022 and launched the DaDaFest International 2022 programme.
DaDa Fellows Programme. As noted above four of the eight DaDa fellows shared completed works within the DDFI22 festival programme.
Textile and Installation artist Letty McHugh shared her installation work in June 2022. Anchorage – a large scale textile and sound piece presented in Liverpool Parish Church and Book of Hours – a soundscape installation presented at Bluecoat. In October 2022 Kadisha Kayani performed ‘Sunshine and Shadows’ a one woman show exploring mental health, isolation and technology during the pandemic and Rhiannon May shared her multi layered immersive performance participation piece Crash Landing at Unity Theatre and in November Amina Atiq performed her first collection of poems ‘Third House’ at Bluecoat.
The remainder of the live programme comprised a co-presentation with Homotopia of Rosa Garland’s Trash Salad, 24 23 22 by Chronic Insanity and a performance of newly composed work from DaDa Ensemble.
Our digital programme comprised 3 newly commissioned works from Hera, Rachel Parry and Alice Christina Corrigan and a sharing of Extant’s Flight Paths alongside a digital showcase of work from DaDa Ensemble and the DaDa Alder Hey artists.
Pen Pals Connected online project. Funded by the British Council this project brought together nine artists from Indonesia, Nigeria and the UK each with a range of different practices from writing and poetry to animation, visual art and dance. The artist led project brought together groups of three (one person from each country) and responded to the needs and interests of individuals and the group. Areas of focus included: artistic practice and methodology, support and funding systems, mental health, collaborative practice. Work from the project was shared online through DaDa’s website and social Media as well as digitally and in person in Indonesia through the Jogja Arts website and Festival programme in Jogjakarta,
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES REPORT (continued)
Indonesia and at the Potters Gallery exhibition and conference event in Abuja in Nigeria
Shielded in the Community. This digital project was a commission funded by DaDa and Liverpool City Council. Mandy Redvers Rowe worked with local Deaf, disabled and neurodivergent artists to create a visual and an audio piece from individual stories from Liverpool based disabled exploring their experiences through the Covid-19 Lockdown periods. This work was hosted at the Museum of Liverpool.
Keep Clear was an in person and online exhibition from disabled photographer Mark Peachey and was delivered in partnership with St Helen’s Libraries.
DaDa’s annual Edward Rushton Social Justice Lecture was delivered in partnership with the Museum of Liverpool by Indonesian author Khairani Barokka. The lecture focused on anti-colonialism and ableism and included a panel discussion with local artists and activists Amina Atiq, Rachel Gnagniko and Ngozi Ugochukwu.
Plans for future periods
2023-24 will see us start the next three years of Arts Council England’s National Portfolio Framework. Priorities for the year will be to strengthen the Board with a Trustees’ recruitment drive and carry out a strategic review of the organisation’s executive leadership structure and confirm people in the new role/roles.
Artistically we will stage a short programme of performances in November, host the Edward Rushton Social Justice Lecture in December, and begin to prepare for our 40[th] anniversary Festival in 2024. We will also look to fundraise further for our Ensemble music project to continue in to the next year and beyond.
We will look to strengthen the staff team with operations, finance and marketing being priorities for recruitment in the new year.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES REPORT (continued)
Risk policy
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Financial review
The charity has total income of £307,783 (2022: £442,425) in the year. After taking into account expenses of £513,108 (2022: £426,661), there was a increase in the unrestricted funds of £30,582 (2022: £27,750) and a decrease in restricted funds of £235,907(2022: decrease of £11,740). The decrease in total funds was £205,325 (2022: increase of £15,765) for the year.
The charity's funds at 31 March 2023 comprised restricted funds of £91,411 (2022: £327,348) and unrestricted funds of £201,615 (2022: £171,033).
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' running costs. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. While this policy is currently under review and consideration, unrestricted funds are £201,615 at 31 March 2023, with six months running costs projected as approximately £105,000 at current spending levels.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES REPORT (continued)
Statement of Trustees’ Responsibilities
The trustees, who are also the directors of DADA - Disability and Deaf Arts for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statments in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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-state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
R Martin
Trustee
Dated: 19 Decenber 2023
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report to the trustees on our examination of the accounts for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). The trustees consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Matthew Brown, CPFA Adding Value Consultancy Ltd Accountants and Financial Management Consultants
Date: 19 December 2023
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
STATEMENT OF FINANCIAL ACTIVITIES
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
BALANCE SHEET AS AT 31 MARCH 2023 COMPANY NUMBER 02636606
For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 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 in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the board of trustees on and signed on their behalf:
R Martin
Trustee
Dated: 19 December 2023
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DADA- DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF CASH FLOWS Notes 2023 2022 Cash Flow from Operating Activilies Cash generated from operations 19 (198,808) 36,170 Cashflow from Investing Activities Purchase of tangible fixed assets Investment income received (2,286) 127 421 Net Cash lused invgenerated from investina 422 (2,159) Net cash used in financing actsvrties Net increase {decrease) in ¢ash in the year Cash and cash equIvantS at the start of the year 516,662 482,650 Cash and cash equivalents atthe end of the year
DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
1. Accounting Policies
Charity information
The charity is a company limited by guarantee, incorporated in England and Wales. The registered office is The Bluecoat, School Lane, Liverpool, L1 3BX.. The liability of the members is limited to £10.
1.1 Accounting Convention
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going Concern
At the time of approving the accounts and as detailed in the Trustees' report the Trustees have considered the impact of Covid-19 on the charity and the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the 'going concern' basis of accounting in preparing the accounts.
1.3 Charitable funds
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the accounts. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
1. Accounting Policies (continued)
1.4 Income
All income is included in the Statement of Financial Activities (the SOFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Investment income is included when receivable.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions, it is recognised as earned (as the related goods or services are provided). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. The charity is not able to recover Value Added Tax and expenditure is recorded in the accounts inclusive of VAT.
Expenditure on raising funds comprise the costs associated with attracting income from both donations and events, including the publicity delivered via the charity website.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
1.6 Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Computer Equipment 33% per annum straight line basis Office equipment & fittings 25% per annum straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the Statement of Financial Activities for the year.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
1. Accounting Policies (continued)
1.7. Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
1.10 Employee benefits
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Taxation
The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Recovery is made of tax deducted from income and from receipts under Gift Aid, where possible.
2. Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
3. Donations and legacies
4. Charitable activities
5 Investments
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
6 Other Income
7 Raising Funds
8 Charitable activities
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
9 Support costs
Governance costs includes payments to the Independent Examiner for independent examination fees of £3,168 (2022 - £3,060).
10 Trustees and Related Party Transactions
Other than as disclosed below none of the trustees (or any persons connect with them) received any remuneration during the year.
R Martin received fees, as approved by the board and on an arm’s length basis, for services provided of £7,700 (2022: £13,495)
No trustee was reimbursed travel expenses (2022: Nill).
11 Retirement benefit schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to the Statement of Financial Activities in respect of defined contribution schemes was £4,726 (2022: £5,525)
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
12 Employees
13 Tangible fixed assets
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
14 Financial instruments
15 Debtors
16 Creditors: amounts falling due within one year
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS 17 Restricted Funds
Paul Hamlyn Foundation is for a programme of artist and organisational development. The British Council funding is a grant contribution to fund an international artists exchange. Esmee Fairbairn is a three-year programme of support for emerging disabled artists.
18 Analysis of net assets between funds
Fund balances at 31 March 2023 are represented by:
19 Cash generated from operations
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DADA – DISABILITY AND DEAF ARTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE ACCOUNTS
20 STATEMENT OF FINANCIAL ACTIVITIES - Prior Financial Year
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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