**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)|
|---|---|---|