| Company information |
||
|---|---|---|
| Report ofthe Trustees | ||
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | 10 | |
| Notes to the Financial Statements |
| FOR | THE YEAR END | ED 31"MARCH | 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | Funds | ||||
| 2023 | 2022 | |||||||
| INCOME | Notes | |||||||
| Income from charitable |
activities: | |||||||
| Operation ofArts and Community |
||||||||
| centre: | ||||||||
| Studio Income | 108,463 | 108,463 | 111,389 | |||||
| Gallery Income | 12,490 | 12,490 | 7,181 | |||||
| Fundraising (net) |
7,193 | 7,193 | 8,573 | |||||
| Grants and donations: | 2,055 | 780 | 2,835 | 31,593 | ||||
| Investment income: | ||||||||
| Bank interest received: | 95 | 95 | 3 | |||||
| Total income | 130,296 | 780 | 131,076 | 159,099 | ||||
| EXPENDITURE | ||||||||
| Expenditure on charitable |
||||||||
| activities: | ||||||||
| Operation ofArts and Community Centre: |
124,743 | 780 | 125,523 | 120,279 | ||||
| Total expenditure | 124,743 | 780 | 125,523 | 120,279 | ||||
| Net income for the year | 5,553 | 5,553 | 38,820 | |||||
| Gross transfers between |
funds | (6,378) | 6,767 | (389) | ||||
| Net movement in funds |
(825) | 6,767 | (389) | 5,553 | 38,820 | |||
| Reconciliation offunds: |
||||||||
| Balances brought forward 2022 |
1 April | 66,750 | 26,791 | 778 | 94,319 | 55,499 | ||
| Balances carried forward as at 31 March 2023 |
65,925 | 33,558 | 389 | 99,872 | 94,319 |
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| AS AT 31"MARCH 2023 | ||||||
| 2023 | 2022 | |||||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 56,314 | 57,528 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 8,909 | 2,156 | ||||
| Cash at bank and | in hand | 82,006 | 66,869 | |||
| 90,915 | 69,025 | |||||
| CREDITORS Amounts | falling | |||||
| due within one year | 47,357 | 32,234 | ||||
| NET CURRENT ASSETS | 43,558 | 36,791 | ||||
| TOTAL ASSETS | LESSCURRENT LIABILITIES | 99,872 | 94,319 | |||
| RESERVES | ||||||
| Unrestricted funds |
65,925 | 66,750 | ||||
| Designated Fund |
13 | 33,558 | 26,791 | |||
| Restricted funds | 14 | 389 | 778 | |||
| TOTAL CHARITY | FUNDS | 99,872 | 94,319 |
| Operation ofArts and | ||||||||
|---|---|---|---|---|---|---|---|---|
| Community Centre: |
2023 | 2022 | ||||||
| F | E | |||||||
| Costs directly allocated | to | |||||||
| activities | ||||||||
| Artists sales and materials | 12,012 | 8,544 | ||||||
| Tutor fees | 47,213 | 45,251 | ||||||
| Project costs | 780 | 3,698 | ||||||
| Insurance | 2,431 | 2,003 | ||||||
| Depreciation | 3,523 | 3,552 | ||||||
| Governance costs |
||||||||
| Administration costs |
500 | 500 | ||||||
| Independent examiners |
fees | 3,800 | 3,590 | |||||
| Support costs allocated to | ||||||||
| activities | ||||||||
| Rent | 5,000 | 5,100 | ||||||
| Rates | 1,155 | 764 | ||||||
| Light and heat | 3,517 | 3,261 | ||||||
| Cleaning | 1,450 | 1,638 | ||||||
| Repairs and renewals, | . | 2,478 | 2,955 | |||||
| Legal and professional | 1,847 | |||||||
| Postage, printing, stationery |
and | |||||||
| m arketing |
7,171 | 10,860 | ||||||
| T elephone & internet |
2,088 | 2,606 | ||||||
| A dministration costs |
31,838 | 23,791 | ||||||
| R efuse collection |
567 | 319 | ||||||
| 125,523 | 120,279 | |||||||
| The total amount ofsupport costs incurred Community Centre amounted tof55,264 |
in the period relating to the operation ofthe Arts and (2022:253,141)and for governance costs were f4,300 |
|||||||
| (2021:F4,090). | ||||||||
| . OPERATING SURPLUS | ||||||||
| 2023 | 2022 | |||||||
| E | ||||||||
| The operating surplus |
is | stated after charging: | ||||||
| Depreciation —owned | assets | 5,517 | 3,552 | |||||
| Independent examiners |
fees | 3,800 | 3,590 | |||||
| Rentals payable under |
operating | leases | 5,000 | 5,100 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| The costs of employing | staff which are included | within | Charitable | activities | in Note 3were: |
| 2023 | 2022 | ||||
| F | F | ||||
| Wages and salaries | 48,680 | 22,665 | |||
| Social security costs | 404 | ||||
| Pension contributions |
1,480 | 572 | |||
| 50,160 | 23,641 |
| TANGIBLE FIXEDASSE | TS | ||
|---|---|---|---|
| Short Leasehold | Fixtures, | ||
| property & |
fittings & |
||
| improvements | equipment | Total | |
| Cost | |||
| At 1st April 2022 | 55,416 | 34,799 | 90,215 |
| Additions | 2,309 | 2,309 | |
| At31"March 2023 | 55,416 | 37,108 | 92,524 |
| Depreciation | |||
| At 1st April 2022 | 2,160 | 30,527 | 32,687 |
| Charge for year | 1,385 | 2,138 | 3,523 |
| At31"March 2023 | 3,545 | 32,665 | 36,210 |
| Net BookValues | |||
| At 31"March 2023 | 51,871 | 4,443 | 56,314 |
| At 31"March 2022 | 53,256 | 4,272 | 57,528 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| F | F | ||||||
| Other debtors | 8,909 | 2,156 | |||||
| 8,909 | 2,156 | ||||||
| 9. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | ||||||
| E | F | ||||||
| Deferred | income | (Note 10) | 28,890 | 18,209 | |||
| Trade creditors | 8,888 | 6,226 | |||||
| Other taxes and | social security | costs | 1,533 | 252 | |||
| Accruals | 8,046 | 7,547 | |||||
| 47,357 | 32,234 | ||||||
| 10. | DEFERRED INCOME | ||||||
| 2023 | 2022 | ||||||
| F | |||||||
| At 1 April | 2022 | 18,209 | 14,351 | ||||
| Amount | released | to incoming | resources | (18,209) | (14,351) | ||
| Amount | deferred | in the year | 28,890 | 18,209 | |||
| At 31 March 2023 | 28,890 | 18,209 |
| 3.ANALYSIS | OF DESIG | NATED FUNDS | |||
|---|---|---|---|---|---|
| Balance at | Incoming | Utilisedl | Balance at | ||
| 01/04/2022 | Resources | Released | 31/03/2023 | ||
| F | |||||
| Development | Fund | 16,791 | 6,767 | 23,558 | |
| Legacy Fund | 10,000 | 10,000 | |||
| 26,791 | 6,767 | 33,558 |
| ANALYSIS O | F DESIGN | ATED FUNDS —PRE | VIOUS YEAR | ||
|---|---|---|---|---|---|
| Balance at | Incoming | Utilisedl | Balance at | ||
| 01/04/2021 E |
Resources E |
Released | 31/03/2022 f |
||
| Development | Fund | 11,014 | 5,777 | 16,791 | |
| Legacy Fund | 10,000 | 10,000 | |||
| 11,014 | 15,777 | 26,791 |
| .ANALY | SIS OF MOV | EMENT IN RESTRICT |
ED FUNDS | ||
|---|---|---|---|---|---|
| Movement | in funds | ||||
| Balance at | Incoming | Utilisedl | Balance at | ||
| 01/04/2022 | Resources | Released | 31/03/2023 | ||
| F | F | F | F | ||
| Kiln fund | 778 | (389) | 389 | ||
| Outreach | Fund | 780 | (780) | ||
| 778 | 780 | (1,169) | 389 |
| ANALY | SIS OF NIOV | EMENT IN RESTRICTE |
D FUNDS —PRE | VIOUS YEAR | |
|---|---|---|---|---|---|
| Movement | in funds | ||||
| Balance at | Incoming | Utilisedl | Balance at | ||
| 01/04/2021 | Resources | Released | 31/03/2022 | ||
| E | |||||
| Kiln fund | 1,167 | (389) | 778 | ||
| Outreach | Fund | 3,698 | (3,698) | ||
| 1,861 | 3,698 | (4,781) | 778 |
| . ANALYS | IS | OF NET A | SSETS BETWEEN | FUNDS | ||
|---|---|---|---|---|---|---|
| Tangible | Net | |||||
| Fixed | Current | Cash at | ||||
| Assets | Liabilities | Bank | Total | |||
| F | E | f. | ||||
| Restricted | Funds | 389 | 389 | |||
| Development | Fund | 33,558 | 33,558 | |||
| Unrestricted | Funds | 55,925 | (38,448) | 48,448 | 65,925 | |
| 56,314 | (38,448) | 82,006 | 99,872 |
| Tangible | Net | |||||
|---|---|---|---|---|---|---|
| Fixed | Current | Cash at | ||||
| Assets | Liabilities | Bank | Total | |||
| f | F | |||||
| Restricted | Funds | 778 | 778 | |||
| Development | Fund | 26,791 | 26,791 | |||
| Unrestricted | Funds | 56,750 | (30,078) | 40,078 | 66,750 | |
| 57,528 | (30,078) | 66,869 | 94,319 |
| Unrestricted | Designated | Restricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | |||||
| 2022 | 2021 | ||||||||
| INCOME | |||||||||
| Income from charitable |
activities: | ||||||||
| Operation ofArts |
and Community | ||||||||
| centre: | |||||||||
| Studio Income | 111,389 | 111,389 | 38,511 | ||||||
| Gallery Income | 7,181 | 7,181 | 2,697 | ||||||
| Fundraising (net) |
8,573 | 8,573 | (244) | ||||||
| Grants and donations: | 28,255 | 3,698 | 31,953 | 62,362 | |||||
| investmentincome: | |||||||||
| Bank interest received: | |||||||||
| Total income | 155,401 | 3,698 | 159,099 | 103,333 | |||||
| EXPENDITURE | |||||||||
| Expenditure on charitable |
|||||||||
| activities: | |||||||||
| Operation ofArts Centre: |
and Community | 116,581 | 3,698 | 120,279 | 106,030 | ||||
| Total expenditure | 116,581 | 3,698 | 120,279 | 106,030 | |||||
| Net expenditure | for the | year | 38,820 | 38,820 | (2,697) | ||||
| Gross transfers between |
funds | (14,694) | 15,777 | (1,083) | |||||
| Net movement in funds |
24,126 | 15,777 | (1,083) | 38,820 | (2,697) | ||||
| Reconciliation offunds: |
|||||||||
| Balances brought 2021 |
forward | 1 April | 42,624 | 11,014 | 1,861 | 55,499 | 58,196 | ||
| Balances carried forward as at 31 March 2022 |
66,750 | 26,791 | 778 | 94,319 | 55,499 |