2023-03-31-accounts - Wysing Arts Charity

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			Page
Report of the Trustees		1	to	13
Report ofthe Independent Auditors		14	to	17
Statement of Financial Activities
Balance Sheet			19
Cash Flow Statement
Notes to the Cash Flow Statement			21
Notes to the Financial Statements		22	to	35
Detailed Statement of Financial	Activities	36	to	37

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	E		E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		3	15,291		15,291	15,852
Charitable activities		6
Studios and Buildings			50,163		50,163	33,355
Public Programme			487,165	32,697	519,862	676,545
Other trading activities		4	12,482		12,462	3,148
Investment income		5	3,099		3,099	1,300
Other income			33,574		33,574	32,048
Total			~601 774	~32 697	~634 471	~762 248
EXPENDITURE ON
Raising funds		7	44,293		44,293	20,583
Charitable actlvltfes
Studios and Buildings Public Programme			90,465 ~472 715	~85620	90,465 558,335	102,226 636930
Total			607,473	85,620	693,093	759,739
NET INCOME(EXPENDITURE) Transfers between funds		19	(5,699) ~11098)	(52,923) ~tt 098	(58,622)	2,509
Net movement in funds			(16,797)	(41,825)	(58,622)	2,509
RECONCILIAllON OF FUNDS
Total funds brought forward			360,845	663,795	1,024,640	1,D22,131
TOTAL FUNDS CARRIED FORWARD			~344 048	~621 97D	966,016	1 024 640

	N	CHAR
~B~N
							2023			2022
			Unrestricted		Restricted		Total			Tots!
			funds		funds		funds			funds
		Notes	E		E.		E
F1XEOASSETS
Tangible assets		16	'I7,824		576,329	.	594,153			624,696
CURRENT ASSETS
Debtors		17	99.077				99,077			55,489
Cash al bank			~297590		45641	~343231				~394012
			396.687	.	45,641		442,308		.	449,501
CREDITORS
Amounts faBng due wlth1n	one year	18	(70,443)				(70,443)			(49,557)
NET CURRENT ASSETS			~326224		~45641		371965			399944
TOTAL ASSETSLESSCURRENT
LIABILITIES			344,046		621,970		966,018			1,024,640
								'
NET ASSETS			~344 048		~621 970	~966 018			~1024 640
FUNDS
Unrestrknad funds							344,048			360,84S
Restricted funds						~621 970			~66379S
TOTAL FLIMD8						~966 018			~1024 640

DR	1 atARCH 2023	1 atARCH 2023
				2022
		Notes
Cash flows from operating	activities
Cash generated from operations Tax paid		1	(53,089) 607	9,693 1,105
Net cash (used in)/provided	by opetvtdng	acdvfties	~62.482)	~10 798
Cash flows from investing	activities
purchase oftangible fixed assets Interest received			(1,398) ~3099	(12,721) ~!300
Net cash provided by/(used	in) Investing	acdvities	1 701	~11421)
Change in cash and cash In the repbrting period Cash and cash equivalents	equivalents at the		(50,761)	(623)
beglnrdng ofIhe repordng	psrfod		394012	394,635
Cash and cash equlvatsnts ofIhe repordng period	at the and			%~4012

	RECONCILIATION	OF NET (EXPENDITURE)/INCOINE	OF NET (EXPENDITURE)/INCOINE	TO NET CASH	FLOW FROM	OPERATING
	ACTIVITIES
					2023	2022
						E
	Net (expenditure)/income	for the reporting	period (as	per the
	Statement of Financial Activities)				(58,622)	2,509
	Adjustments for.
	Depreciation charges				31,941	33,007
	Interest received				(3,099)	(1,300)
	Increase in debtors				(44,195)	(34,062)
	Increase in creditors				~20 886	9539
	Net cash (used In)/provided	by operations			~53,089)	~9693
2.	ANALYSIS OF CHANGES	IN NET FUNDS
				At 1/4/22	Cash flow	At 31/3/23
				E	6	8
	Net cash
	Cash at bank			3~94 012	~50,781)	343,231
				394012	~5D781)	3~43231
	Total			394,012	~50,781)	343,231

DONATIONS	AND LEGACIES	AND LEGACIES	AND LEGACIES
				2023	2022
				E	E
Donations				15,291	'l5,852
OTHER TRADING ACTIVITIES
				2023	2022
				E	E
CafU sales				196	1,792
Sales of books and artwork				12,286	1,356
				12,482	3 148
INVESTMENT	INCOME
				2023	2022
				E	E
Deposit account interest				3,099	1,300
INCOME FROM CHARITABLE ACTIVITIES
				2023	2022
			Activity		E
Provision ofsubsidised
s'to din space			Studios and Buikhngs	30,738	26,930
Farmhouse residential		rent	Studios and Buildings	9,890	5,402
Space hire			Studios and Buikhngs	6,477	1,023
Other income			Studios and BuiMings	3,058
Grants			Public Programme	504,175	660,859
Curatorial consultancy			Public Programme	4,861	1,415
Ticket sales			Public Programme	2,007	6,197
Other income			Public Programme	8,819	8,074
				570025	7~09900

					2023	2022
						K
Arts Council England					465,173	480,237
Henry Moore Foundation						1,000
Art Fund					24,300
The Fenton Arts Trust						5,000
Arts Council England-New		Geographies				30,000
EsmUe Fairbaim Foundation					2,000	20,000
DASH						15,250
British Council Net/Work	Residency					3,000
South Cambridgeshire Distnct			Council			12,000
Job Retention Scheme Grant						133
The Ragdoll Foundation						11,700
British Art Network Research			Group		1,885	1,750
Arts Council England —Cultural			Recovery Fund			37,568
Fluxus Art Projects Arts Council fngland —New		Histories				3,000 40,221
University of Southampton					4,512
Cambridgeshlre Community The World Reimagined		Fund			5,305 ~1000
					504,175	660,859
The charity has also benefitted			from Charitable	Rate Relief.
RAISING FUNDS
Raising donations and	legacies
					2023	2022
General marketing costs					34,025	12,022
ECVAN Costs					2 294	3,600
					36,319	15,622
Costs to generate earned		income
					.2023	2022
					6
Development costs					7,974	4,961
Aggregate amounts					44,293	20,583

8.	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 9)	note 10)	Totals
					E
	Studios end	Buildings			90,465		90,465
	Public Programme				55'f,486	6,849	558,335
					6~41 951	~6849	648 800
	DIRECT COSTS OF		CHARITABLE ACTIVITIES
						2023	2022
							K
	Staff costs					284,037	259,339
	Site running	costs				99,465	97,762
	Office administration					34,578	32,558
	Space hire	costs				464	57
	Other costs					6,664	186
	Programme	costs				143,717	235,785
	Training, recruitment		&	HR		14,668	12,291
	Trave'I and	motor expenses				4,567	4,777
	Freelance costs					30,850	55,895
	Depreciation					31,941	33,007
						641 951	731,677
10.	SUPPORT	COSTS
						Governance
					Management		costs
					Totals
	Public Programme				404		~6849
11.	NET INCOIIIE/(EXPENDITURE)
	Net income/(expenditure)			ls stated after charging/(crediting):
						2023	2022
							E
	Depreciation	-owned	assets			31941	~33 008

			2023	2022
			6
Fees payable	to the charity's	auditors for the audit ofthe charity's
financial statements			~5280	~4810

		2023	2022
		6
Wages	and salaries	256,779	235,477
Social	security costs	18,585	15,947
Other	pension costs	8,673	7,915
		284,037	259,339

During the year the Key Management Personnel costs were f174,896.(2022:6145,354).	During the year the Key Management Personnel costs were f174,896.(2022:6145,354).	considered by	the trustees to	bs
COMPARATIVES FOR THE STATEMENT OF RNANCIAL		ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
			6	6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		15,852		15,852
Charitable activities
Studios and Buildings		37,855	(4,500)	33,355
Public Programme		493,242	183,303	676,545
Other trading activities		3,148		3,148
Investment Income		1,300		1,300
Other income		32,048		32,048
Total		583445	178803	762248

15.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL	ACTIV(TIES	-continued
			Unrestricted	Restricted	Total
			funds f	funds f	funds f
	EXPENDITURE ON
	Raising funds		12,819	7,764
	Charitable activities
	Studios and Buildings		102,226		102,226
	Pubhc Programme		438,876	~198054	636930
	Total		553,921	~205 818	~759739
	NET INCOMEI(EXPENDITURE) Transfers between funds		29,524 ~2709)	(27,015) 2 709	2,509
	Net movement ln	funds	26,815	(24,306)	2,509
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		688,101	1,022,131
	TOTAL FUNDS CARRIED FORWARD		360,845	663,795	~1,024 640
16.	TANGIBLE FIXED	ASSETS
					1m prove men
				Short	to
			Leasehold f	leasehold f	property f
	COST
	At 1 April 2022		1,527,675	60,950
	Additions
	At 31 March 2023		1,527,875	60,950	44,804
	DEPRECIATION
	At 1 April 2022 Charge for year		936,848 22 732	49,868 ~3048
	At 31 March 2023		959580	52,916	44,804
	NET BOOKVALUE
	At 31 March 2023		568,295	8,034
	At 31 March 2022		591 027	'l1 082
		Pssc28			continued. ..

TANGIBLE FIXEDASSETS - c	ondnued
		Fixtures
	Plant and	and	Motor
	machinery f	fittings f	vehicles f	Totals f
COST
At 1 April 2022 Additions	92,391 ~1398	49,467	5,193	1,780,680 ~1398
At 31 March 2023	93,789	49,467	5,193	1,782,078
DEPRECIAllON
At 1 April 2022	69,804	49,467	5,193	1,155,984
Charge for year	6 161			31 941
At 31 March 2023	75,965	49,467	5,193	1,187,925
NET BOOK VALUE
At 31 March 2023	17,824			594 153
At 31 March 2022	22 587			624,696

DEBTORS:AMOUNTS	DEBTORS:AMOUNTS
		2023 f	2022f
Other debtors		65,520	6,189
VAT			607
Prepayments	and accrued income	~33 557	48693
		99077	55,489

MOVEMEI4T IN F	UN	DS
				Net	Transfers
				movement	between	At
			At 1/4/22 f	In funds f	funds	31/3/23
Unrestricted funds
General fund			149,845	(5,699)	(11,098)	133,048
Capital spend			30,000			30,000
Equipment 8 ktainlenance			60,000			60,000
Personnel			16,000			16,000
Programme Fund Website			75,000 30,000			75,000 30,000
			360,845	(5,699)	(11,098)	344,048
Restricted funds
Capital Development		various funders	602,109	(25,780)		576,329
Esmee Fairbaim	Foundation		11,318	(20,404)	9,086
Ambition for Excellence-New
Geographies			2,657	(106)		2,551
Creative Council			23,080	(4,918)		18,162
DASH - Education			248	(248)
British Art Network Research			1,750	(1,750)
ACE - New Histones			8,612	(8,484)		128
Fenton Arts Trust: Residencies			5,000	(1,500)		3,500
Circuit Routes Art fund —Online Commissions			9,021	(11,033) ~21 300	2,012	21,300
			~663795	~52 923)	11,098	621,970
TOTAL FUNDS			1,024,640	~58,622)		966,018

Net movement In fun	ds, incfuded in the above ar	e as follows:
		Incommg	Resources		Movement
		resources	expended		in funds
		6	5		E
Unrestrfcted funds
General fund		601,774	(607,473)		(5,699)
Restricted funds
Capital Development	various funders		(25,780)		(25,780)
Esmee Fairbairn Foundation			(20,404)		(20,404)
Ambldon for Excellence-New
Geographies			(106)		(106)
Creative Council			(4,918)		(4,918)
DASH —Education			(248)		(248)
British Art Network Research		1,885	(3,635)		(1,750)
ACE - New Histories			(8,484)		(8,484)
Fenton Arts Trust: Residencies			(1,500)		(1,500)
Circuit Routes		2,000	(13,033)	'	(11,033)
Art fund - Online Commissions A Language of Holes		24,300 4,512	(3,000) ~4,512)		21,300
		32697	~85 620)		~52,923)
TOTAL FUNDS		634471	(~693093)		~58 622)

Comparatlves fo	r m	ov	ement In funds
					Net	Transfuse
					movement	between	At
				At 1/4/21 6	in funds E	funds 6	31/3/22 f
Unrestricted funds
General fund				138,030	29,524	(17.70g)	149,845
Capital spend							30,000
Equipment & Maintenance				60,000			60,000
Personnel				16,000			16,000
Programme Fund Website				75,000 ~15000		~15000	75,000 30,000
				334,030	29,524	(2,709)	360,845
Restricted funds
Capital Development		various funders		627,888	(25,779)		602,109
Esmee Fairbaim	Foundation			40,000	(28,682)		11,318
Ambition for Excellence-New
Geographies				(180)	2,838		2,658
DASH - Curator in Residence				6,347	(6,347)
5Hz Euphoria				2,836	(2,836)
British Council Net/Work			Residency	1,800	(1,800)
DASH - Exhibition				6,000	(8,304)
D'Oyly Carte Charitable			Trust	3,410	(3,410)
Creatwe Council					22,675		23,080
DASH - Educalion					247		247
British Art Network Research					1,750		1,750
ACE —New Histories					8,612		8,612
Fenton Arts Trust	Residencies				5,000		5,000
Circuit Routes					9,021		9,021
				688 101	~27 015)	2 .09	663,795
TOTAL FUNDS				1,022, 131	2,509		1,024,640

					2023	2022
INCOME AND ENDOWMENTS
Donations and legades
Donations					15,291	15,852
Other trading activities
CafU safes					196	1,792
Sales of books and	artwork				12286	1,356
					12,482	3,148
Investment Income
Deposit account interest					3,099	1,300
Charitable activities
Provision of subsidised			studio space		30,738	26,930
Farmhouse residential		rent			9,890	5,402
Space hire Grants					6,477 504,175	1,023 660,859
Curatorial consultancy					4,861	1,415
Ticket sales					2,007	6,197
Other income					'I1 877	8,074
					570,025	709,900
Other income
Exhibition tax credit					33574	32,048
Total incoming resources					634,471	762,248
EXPENDITURE
Raising donations	and		legacies
General marketing	costs				34,025	12,022
ECVAN Costs					2,294	3,600
					36,319	15,622
Costs to generate	earned			Income
Development costs					7,974	4,961
Charitable activities
Wages					256,779	235,477
Social security					18,585	15,947
Pensions					8,673	7,915
Carried forward					284,037	259,339

	2023
	6
Charitable activities
Brought forward	284,037	259,339
Site running costs	90,465	97,782
Office administration	34,578	32,558
Space hire costs	464	57
Other costs	6,664	186
Programme costs Training, recruitment 8 HR	143,717 14,668	235,785 12,291
Travel and motor expenses	4,567	4,777
Freelance costs	30,850	55,895
Depreciation	31 941	33,007
	641,951	731,677
Support costs
Management
AGM and admin costs	404	1,037
Governance costs
Auditors' remuneration	5,280	4,810
Professional fees	1,165	~1632
	6,445	6,442
Total resources expended	693,093	759,739
Net (expenditure)/Income	~58,622)	2,509