##
##
|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|