2023-03-31-accounts - Creative Arts East

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Trustees'	annual report (incorporating		the	directors'	report)
Independent examiner's report to the			trustees
Statement	of financial activities	(including		income and expenditure		account)	12
Statement	of financial position
Statement	of cash flows						14
Notes to the financial statements							15

				2023		2022
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	2	2	2
Income and endowments
Donations and legacies		5	191,633		191,633	161,600
Charitable activities		6	67,813	334,934	402,747	317,845
Investment income		7	3,090		3,090	196
Other income		8				2,277
Total income			262,536	334,934	597,470	481,918
Expenditure
Charitable activities		9	264,994	334,934	599,928	485,758
Total expenditure			264,994	334,934	599,928	485,758
Net expenditure and net movement		in funds	(2,458)		(2,458)	(3,840)
Reconciliation offunds
Total funds brought	forward		78,455		78,455	82,295
Total funds carried	forward		75,997		75,997	78,455

31 March	2023
				2023		2022
			Note	2
Fixed assets
Tangible fixed assets			14		15,687		25,432
Investments			15		1,500		1,500
					17,187		26,932
Current assets
Debtors			16	30,061		41,610
Cash at bank	and in	hand		327,333		356,177
				357,394		397,787
Creditors: Amounts		falling due within
one year			17	(298,584)		(346,264)
Net current assets					58,810		51,523
Total assets	less current liabilities				75,997		78,455
Net assets					75,997		78,455
Funds ofthe charity
Unrestricted	funds				75,997		78,455
Total charity	funds		19		75,997		78,455

Year ended 31 March		2023
				2023	2022
Cash flows from operating		activities
Net expenditure				(2,458)	(3,840)
Adjustments for:
Depreciation of tangible fixed		assets		11,592	14,268
Other interest receivable and		similar income		(3,090)	(196)
Accrued (income)/expenses				(55,865)	123,376
Changesin:
Trade and other debtors				11,549	(32,728)
Trade and other creditors				8,185	(5,774)
Cash generated from operations				(30,087)	95,106
Interest received				3,090	196
Net cash (used in)/from operating activities				(26,997)	95,302
Cash flows from investing	activities
Purchase of tangible assets				(1,847)	(3,595)
Net cash used in investing activities				(1,847)	(3,595)
Net (decrease)/increase in	cash and cash equivalents			(28,844)	91,707
Cash and cash equivalents		at beginning	ofyear	356,177	264,470
Cash and cash equivalents		at end ofyear		327,333	356,177

over the useful economic life ofth	at asset as follows	:
Improvements to property	33%straight	line
Website	20%straight	line
Display and office equipment	33%Straight	line and 20%straight	line
Cinema equipment	50%Straight	line and 33%straight	line
Computer equipment	33%straight	line

			Unrestricted	Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
				f
Donations
Donations			566	566	733	733
Donations	in	kind	6,000	6,000	6,000	6,000
Grants
Grants			185,067	185,067	154,867	154,867
			191,633	191,633	161,600	161,600

Grants received, included in the above, are as follows:
	2023	2022
		2
Arts Council NPO Funding	167,760	137,560
Breckland Council	4,000	4,000
King's Lynn and West Norfolk Council	3,000	3,000
Norfolk County Council	10,307	10,307
Total grants	185,067	154,867

6.	Charitable	activities
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
				2	2
	Project activities		67,813	334,934	402,747
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			2
	Project activities		51,572	266,273	317,845
7.	Investment	income

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
					2	2
	Bank	interest		3,090	3,090	196	196
8.	Other	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
					2		2
	CJRS	- furlough	income			2,277	2,277

Expenditure	on charita	ble activities	by activity type
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2023	2022
				2	2	2
Direct project	costs		204,244		204,244	131,005
Wages				301,067	301,067	277,404
Social security				18,591	18,591	17,386
Rent and rates				13,171	13,171	9,383
Printing, postage and stationery				5,286	5,286	458
Subscriptions	and publications			4,162	4,162	5,964
Telephone and fax				1,428	1,428	1,243
Training and	development			4,489	4,489	1,422
Travel and entertainment				486	486	275
Other staff costs				4,027	4,027	5,033
Depreciation				11,592	11,592	14,268
Sundries				91	91	328
Bank fees and charges				425	425	467
Repairs and	maintenance			10,054	10,054	3,344
Office costs				9,898	9,898	8,764
Marketing				3,543	3,543	3,010
Insurance				2,079	2,079	1,929
Legal and professional		fees				816
Governance	costs			5,295	5,295	3,259
			204,244	395,684	599,928	485,758

Expenditure 6266,273). Governance	on charitabl costs	e	activi	ties includes restricted expendit	ure amounting to 2334,	934 (2022
					2023	2022
						2
Independent	examination	-	current year		3,156	2,635
Independent	examination	-	prior year		(79)
Other accountancy services					2,218	624
					5,295	3,259
Net expenditure
Net expenditure is stated		after charging/(crediting):
					2023	2022
					2	6
Depreciation	of tangible	fixed assets			11,592	14,268
Independent	examination		fees
					2023	2022
					2	2
Fees payable	to the independent			examiner for:
Independent	examination	of the financial statements			3,077	2,635

Staff costs
The total staff costs and	employee	benefits	for the reporting	period are analysed as follows:
				2023	2022
Wages and salaries Social security costs				291,226 18,591	268,060 17,386
Employer contributions	to pension	plans		9,841	9,344
				319,658	294,790

			Display and
			office	Cinema	Computer
		Website	equipment	equipment	equipment	Total
					2
Cost
At1 Apr 2022 Additions		30,383	14,603 1,128	33,296	26,971 719	105,253 1,847
Disposals			(4,066)			(4,066)
At 31 Mar	2023	30,383	11,665	33,296	27,690	103,034
Depreciation At 1 Apr 2022 Charge for the year		12,154 6,076	14,603 94	31,051 2,244	22,013 3,178	79,821 11,592
Disposals			(4,066)			(4,066)
At 31 Mar	2023	18,230	10,631	33,295	25,191	87,347
Carrying At 31 Mar	amount 2023	12,153	1,034		2,499	15,687
At 31 Mar	2022	18,229		2,245	4,958	25,432

15.	Investments
				Other
				investments
	Cost or valuation
	At1 Apr 2022			1,500
	Additions
	At 31 Mar 2023			1,500
	Impairment
	At 1 Apr 2022 and 31 Mar 2023
	Carrying amount
	At 31 Mar 2023			1,500
	At 31 Mar 2022			1,500
	All investments shown above are held at valuation.
	There were no investment assets outside the UK.
	Investments (neither listed nor unlisted) were as follows:
			2023	2022
	Peter Blake artwork		1,500	1,500
16.	Debtors
			2023	2022
	Trade debtors		24,691	39,195
	Prepayments and accrued income		5,370	2,415
			30,061	41,610
17.	Creditors: Amounts	falling due within one year
			2023	2022
	Trade creditors		24,617	7,839
	Accruals and deferred	income	270,678	333,414
	Social security and other taxes		3,289	5,011
			298,584	346,264

				2023	2022
				2
Deferred	income	brought	forward	318,759	195,383
Released	during	the year		(318,759)	(195,383)
Deferred	during	the year		262,894	318,759
Deferred	income	carried	forward	262,894	318,759

Year ended	31 March 20	23
Unrestricted	funds
		At 1 April				At 31 March
		2022	Income	Expenditure	Transfers	2023
		2	6	2	2	2
General funds		78,455	262,536	(264,994)	(50,000)	25,997
Designated	funds				50,000	50,000
		78,455	262,536	(264,994)		75,997

		At 1 April				31 March
		2022	Income	Expenditure	Transfers	2023
			2	6
BFI FAN Film	Exhibition
Fund			29,216	(29,216)
Cambridge Rural Touring			20,202	(20,202)
Flock / Young	Creatives
Network			27,535	(27,535)
Inn Crowd			27,908	(27,908)
LCEP			13,018	(13,018)
Kickstart			7,920	(7,920)
Mercers (The	Earl of
Northampton	Fund)		25,000	(25,000)
Operation No	Cold
Shoulder			937	(937)
Our Day Out			44,777	(44,777)
Plugged In			20,633	(20,633)
ACE - SE Libraries
Touring Project			138	(138)
Silver Social			43,966	(43,966)
Spirit of2012			57,911	(57,911)
VCSE Digital	Inclusion		13,557	(13,557)
Youth Music Project			2,216	(2,216)
			334,934	(334,934)

Year ended	31 March 2022
Unrestricted	funds
		At 1 April				At	31 March
		2021	Income	Expenditure	Transfers		2022
		2	2	2	2		2
General funds		82,295	215,645	(219,485)			78,455
Restricted funds
		At 1 April				At	31 March
		2021	Income	Expenditure	Transfers		2022
		2	2	2	2		8
BFI FAN Film	Exhibition
Fund			8,960	(8,960)
Cambridge Rural Touring			15,012	(15,012)
Independent	Age		4,555	(4,555)
Inn Crowd			24,336	(24,336)
LCEP			16,658	(16,658)
Kickstart			15,700	(15,700)
Mercers (The	Earl of
Northampton	Fund)		25,000	(25,000)
NLCF —ODO	West
Norfolk			27,455	(27,455)
Operation No	Cold
Shoulder			3,750	(3,750)
Plugged In			26,015	(26,015)
Silver Social			3,030	(3,030)
Spirit of2012			65,016	(65,016)
Youth Music	Project		30,786	(30,786)
			266,273	(266,273)

20.	Analysis o	f ne	t a	sset	s b	etween funds
								Unrestricted		Restricted	Total Funds
									Funds	Funds	2023
									2	2	2
	Tangible fixed		assets						15,687		15,687
	Investments								1,500		1,500
	Net current	assets							58,810		58,810
									75,997		75,997
								Unrestricted		Restricted	Total Funds
									Funds	Funds	2022
									2	2
	Tangible fixed		assets						25,432		25,432
	Investments								1,500		1,500
	Net current	assets							51,523		51,523
									78,455		78,455
21.	Analysis ofchanges				in	net debt
											At
								At 1 Apr 2022		Cash flows	31 Mar 2023
									L	2	2
	Cash at bank and			in hand					356,177	(28,844)	327,333
22.	Operating	lease commitments
	The total future		minimum			lease payments	under	non-cancellable	operating	leases are as	follows:
										2023	2022
										2	F
	Not later than		1 year							910	910
	Later than	1 year		and	not	later than 5 years				227	1,137
										1,137	2,047

previous	period the follo	wing transactions took p	lace with this company:
			2023	Outstanding	2022
			2	2	2
Goods and services purchased					1,105
National	Rural Touring	Forum

				2023	Outstanding	2022
				2	2
Goods	and	services	purchased			1,400
Goods	and	services	sold			3,750