Charity Registration No. 1044256
Company Registration No. 03012433 (England and Wales)
CHOL INTERNATIONAL ARTS
TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
CHOL INTERNATIONAL ARTS
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiners' report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 10 |
| Detailed statement of financial activities | 11 - 12 |
CHOL INTERNATIONAL ARTS
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2020
The trustees present their report and accounts for the year ended 31 March 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company's governing document, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance and management
The charitable company is a company limited by guarantee and is a registered Charity.
| Board of Trustees | Michael Connell | |
|---|---|---|
| Deborah Dickinson | ||
| Alison Wayman | ||
| Lorna McGinty (Chair) | ||
| Danielle Battersby (appointed 8 January 2020) | ||
| Company Secretary | Susan Burns | |
| Registered Office | 8 Queen Street | |
| Huddersfield | ||
| HD1 2SP | ||
| Charity Number | 1044256 | |
| Company Number | 03012433 | |
| Reporting Accountants | TaxAssist Accountants | |
| 34, Bradford Road | ||
| Brighouse | ||
| HD6 1RW | ||
| Bankers | HSBC | |
| 2 Cloth Hall Street | ||
| Huddersfield | ||
| HD1 2ES | ||
| Staff Members | Lauren Ash | Creative Projects Director |
| Vicky Storey | Creative Projects Director | |
| Jessica Woodhead | Artist / Facilitator | |
| Susan Burns | CEO / Creative Producer | |
| Hannah Crawford | Company Manager |
Chol – where everything is possible
What we do:
We bring live story-making experiences to people in their everyday local communities across England
How we do it
Through our flagship participatory arts projects and initiatives such as Imaginary Communities and Equal Players. Our main artform is theatre and our projects use the stories, lives and imaginations of real people to make something new and fantastic – a play, a workshop, a dance performance or a book.
Where we do it
We are based in Yorkshire but are working and being the best nationwide, with connections globally. Our work takes place in everyday spaces – libraries, schools, streets, parks and community centres.
Why we do it:
We believe that creating and sharing stories makes a difference to people’s lives. We believe that people in disadvantaged areas deserve equal access to the arts. We are socially conscious and interested in local communities.
CHOL INTERNATIONAL ARTS
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2020
We believe that small interventions can make big transformations. Because our work is proven to increase well-being and literacy for children.
Vision
To be the national leaders in using live story-making experiences to enrich the lives of young people.
Message from Lorna McGinty, the Chair of Chol
TO BE PROVIDED IN DUE COURSE
On behalf of the board of trustees.
Lorna McGinty, Chair of Chol
Dated …………………………..
CHOL INTERNATIONAL ARTS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHOL INTERNATIONAL ARTS
I report on the accounts of the charitable company for the year ended 31 March 2021, which are set out on pages 4 to 8.
Respective responsibilities of trustees and examiner
The trustees, who are also the directors of Chol International Arts for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
(i) examine the accounts under section 145 of the 2011 Act;
-
(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
-
(a) which gives me reasonable cause to believe that in any material respect the requirements:
-
(i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
(ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;
-
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
TaxAssist Accountants 34 Bradford Road Brighouse HD6 1RW
Dated: …………………………
CHOL INTERNATIONAL ARTS
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted funds funds Notes £ £ Incoming resources from generated funds Charitable income 2 19,292 30,305 Investment income 3 38 - 19,330 30,305 Income received from charitable resources - 106,900 Coronavirus Job Retention Scheme Grants 20,914 - Total incoming resources 40,244 137,205 Resources expended Charitable activities Charitable activities expenditure - 106,395 Other resources expended 34,698 30,810 Total resources expended 34,698 137,205 Net movement in funds 5,546 - Fund balances at 1 April 2019 19,405 - Fund balances at 31 March 2020 24,951 - |
Total 2021 £ 49,597 38 49,635 106,900 20,914 177,449 106,395 65,508 171,903 5,546 19,405 24,951 |
Total 2020 £ 15,237 103 |
|---|---|---|
| 15,340 140,028 140,028 |
||
| 155,368 | ||
| 94,446 67,120 |
||
| 161,566 | ||
| (6,198) 25,603 |
||
| 19,405 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
CHOL INTERNATIONAL ARTS
BALANCE SHEET
AS AT 31 MARCH 2021
| 2021 Notes £ Fixed assets Tangible assets 6 Current assets Debtors 7 9,148 Cash at bank and in hand 111,749 120,897 Creditors: amounts falling due within one year 8 (100,981) Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds |
2020 £ £ 5,035 913 100,715 101,628 (87,742) 19,916 24,951 - 24,951 24,951 |
£ 5,519 13,886 |
|---|---|---|
| 19,405 | ||
| - 19,405 |
||
| 19,405 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The accounts were approved by the Board on ……………………..
Alison Wayman Lorna McGinty
Company Registration No. 03012433
CHOL INTERNATIONAL ARTS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006.
1.2 Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at
rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
2 Charitable income
| Donations and gifts Earned Income Kirklees Council Grant Magic Little Grants Investment income Interest receivable |
2021 £ 7,367 42,230 - - 49,597 2021 £ 38 |
2020 £ 2,940 8,737 3,000 500 |
|---|---|---|
| 15,237 | ||
| 2020 £ 103 |
3 Investment income
4 Trustees
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
During the year £119.48 was paid in trustees’ expenses (2020: £840).
CHOL INTERNATIONAL ARTS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
5 Employees
Number of employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Full time | 3 | 3 |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages, salaries & National Insurance | 95,233 | 90,927 |
| Employer pension costs | 1,891 | 1,557 |
| 97,124 | 92,484 |
There were no employees whose annual remuneration was £60,000 or more.
6 Tangible fixed assets
| Freehold property Plant and machinery Fixtures and fittings £ £ £ Cost At 1 April 2020 2,294 3,318 16,648 Additions in the year - - - At 31 March 2021 2,294 3,318 16,648 Depreciation At 1 April 2020 - 3,107 13,634 Charge for the year - 32 452 At 31 March 2021 - 3,139 14,086 Net book value At 31 March 2021 2,294 179 2,562 At 31 March 2020 2,294 211 3,014 7 Debtors 2021 £ Trade debtors 4,248 Prepayments and accrued income 4,900 9,148 |
Total £ 22,260 - |
|---|---|
| 22,260 | |
| 16,741 484 |
|
| 17,225 | |
| 5,035 | |
| 5,519 | |
| 2020 £ 913 - |
|
| 913 |
CHOL INTERNATIONAL ARTS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
| 8 | Creditors: amounts falling due within one year | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 1,970 | 2,992 | |
| Accruals | 24,588 | 1,050 | |
| Deferred income | 72,500 | 83,700 | |
| Other taxes and social security | 1,594 | 83,700 | |
| Other creditors | 329 | 83,700 | |
| 100,81 | 87,742 | ||
| Included in Deferred income above are the following grants received during the year: | |||
| Paul Hamlyn Foundation | 52,000 | 60,000 | |
| Arts Council England | - | 14,700 | |
| Kirklees Council | - | 6,000 | |
| IVE – Ignite project | - | 3,000 | |
| Donations - Cholovan | 16,000 | 3,000 | |
| RSPB – Flock of Stories | 4,500 | 3,000 | |
| 9 | Pension and other post-retirement benefit commitments | ||
| Defined contribution | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Contributions payable by the company for the year | 1,891 | 1,557 |
CHOL INTERNATIONAL ARTS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
| INCOMING RESOURCES Activities for generating funds Earned Income Kirklees Council Donations and gifts Investment Income Deposit account interest Incoming resources from charitable activities Arts Council Grants for the Arts Arts Council Grants – Internet Genie project Paul Hamlyn Foundation West Yorkshire Police & Crime Commissioner Coronavirus Job Retention Scheme Grants Total incoming resources Resources expended Charitable activities Wages & national insurance Pension contributions Project workers Materials Telephone Postage and stationery Travel and motor expenses Production costs Documentation and marketing IT costs Support costs Management Wages & national insurance Pension contributions Rent, rates and insurance Carried forward |
Total 2021 £ 42,230 - 7,367 49,597 38 68,900 - 38,000 - 106,900 20,914 177,449 43,323 839 50,190 606 808 22 10 7,875 537 2,185 106,395 51,910 1,053 3,026 55,989 |
Total 2020 £ 12,237 3,000 - 15,237 103 64,375 9,775 60,000 5,878 140,028 - 155,368 38,874 562 32,705 1,003 215 169 1,237 15,671 2,560 1,450 94,446 52,053 995 7,779 60,827 |
|---|---|---|
CHOL INTERNATIONAL ARTS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
| Brought forward Bank charges Sundries and hospitality Training Office costs Admin costs Accountancy Professional fees Plant and machinery depreciation Fixtures and fittings depreciation Total resources expended Net (loss) / income for the year |
55,989 169 442 460 1,733 5,138 1,093 - 32 452 65,508 171,903 5,546 |
60,827 157 774 540 1,971 1,280 1,050 75 37 409 67,120 161,566 (6,198) |
|---|---|---|