2022-03-31-accounts - Venus Working Creatively With Young Women

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Pages
3-17	Trustees'Annual Report
18-21	Independent Auditor's	Report
22	Statement ofFinancial	Activities
23-24	Balance Sheet
26	Cash Flow Statement
2648	Notes to the Financial	Statements

*During the finance yea formal appointment.	r Sue Potts acted as Interim Chief	Executive officer prior to h	er
Our advisors
Auditors	BWM Suite 5.1,12Tithebarn	Street, Liverpool Merseyside	L2	2DT
Bankers:	HSBC Bank Pic, 197Stanley Road, Bootle, Merseyside			L20
Solicitors:	Appointed as required
Other advisors:	Ellis Whittam for HR	&H&S

p Tothe Memhers of Venus Wortdng Creatively with Young Wo Por the year ended 31 jtyIareh 2022	men	men
Our approach to identifying and assessing the risks ofniaterial rnisstaternent in respect of	irregularities, including		fraud and
non~ompliance with laws and regulations, vus as folloivs:
the engagement partner ensured that the cngageinent teani collectively had the appropriate competence, capabilities and
skills toident Tiy or recognise non-compliance with applicable laws and regulations;
we idcntiTied thc laws and regulations applicable to the company through discussions	with directms and other		manageinent;
we focused on specific laws and regulations which we considemd may have a direct material etfcct on the or the operations ofthe company, including the Companies Act 2006, taxation legislation snd data protection,		financial statements anti-bribery,
cmploymeot and health and safety legislation;
we assessed the extent ofcompliance with the laws anil regulations identified above through making enquiries			ofmanagcaient
and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained		alert to instances
ofnon-compliance throughout the audit.
We assessed the susceptibility ofthe company's financtal statements to materisl misstatement, including obtaining			an understanding
ofhow fraud might occur, by:
making enquiries ofmanagement as to where they considered there ives susceptibility journal	to fraud, their knowledge ofactual,
suspected and alleged fraud; and
considering the internal controls io place to nritlgate risks offraud and non-coinpliance	with laws and regulations.
Toaddress the risk offraud through management bias snd override ofcontrols, we,;
performed analytical procedures to identify any unusual or unexpected relationslrips;
tested entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative			ofpotential	bias;
and
investigated the rationale behind significant or unusual transactions.
in response to the risk ofirregularities and non-compliance with laws and regulations, we	designed procedures	which included,			but
were not limited to:
agreeing financial statement disclosures to underlying supporting ofdocumentation;
reading the minutes ofmeetings ofthose charged with governance; and
enquiring ofmanagcmcnt as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above, The more removed	that laws and regulations are irom
fmancial transactions, the less likely itis that we would become aware ofnon-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry ofthe directors and ofher management and the inspection ofregulatory and legal correspondencc, ifany. Material misstatemcnts that arise due to fraud can be hard er to detect than those that arise from ermr asthey may involve
deliberate concealment or collusion.

			Unrestricted	Restricted	Total	Total
		Note	Funds	Funds	2022	2021
			f	f	f	f
Income and endowments	from;
Donations and Iegacies Charitable Activity Income Investments			13,429 1,227,732 42	416,]84	13,429 ],643,916 42	33,214 1,504,74] ]48
Other			]3,191		13,19]
Total income			1,254,394	416,184	1,670,578	1,538, 103
Expenditure on: Charitable activities		21	1,239,349	390,478	],629,827	1,283,835
Total expenditure			1,239,349	390,478	1,629,827	]383,835
Net Income/(expenditure)			15,045	25,706	40,751	254,268
Transfers between funds		20	27,019	(27,019)
Nct movement in funds			42,064	(1,313)	40,75 I	254,268
Reconciliation offunds:
Funds b/fwd			537,469	106,167	643,636	389,368
Funds c/fwd			579,534	104,854	684+88	643,636

			Note	2022		2021
				E
Fixed Assets
Intangible assets Tangible assets			10 11		54,421 10,787	4,485
					65,208	4,485
Current Assets
Debtors			12	296,657		76,910
Cash at bank and	in	hand	13	480,710		680,593
				777,367		767,603
Creditors: Amounts		falling due within one year	14	(158,187)		(118,352)
Net Current Assets					619,180	639,151
Total Assets Less	Current Liabilities				684,388	643,636
Total Net Assets					684,388	643,636
Funds ofthe charity Designated Funds General Fund					219,352 360,182	114,101 423,368
Total Unrestricted	Funds		19		579,534	637,469
Restricted Funds			20		104,854	106,167
Total Funds					684,388	643,636

		Note		2022	2021
				E
Cash flows from operating activities: Net cash (provided by)/used in operating	activities	16		{134,391)	461,477
Cash flows from investing activities: Dividends, interest and rents from Investments Purchase ofintangible assets Purchase ofproperty, plant and equipment			42 (54,421) (11,115)		148
Net cash (provided by)/used in investing	activities			(65,494)	148
Cash flows from financing activities.
Net cash provided by financing activities
Change in cash and cash equivalents in period	the reporting			{199,883)	461,625
Cash and cash equivalents as at 1 April	2021			680,593	218,968
Cash and cash equivalents as at 31 March 2022				480,710	680,593

2.	Donations and Legacies
		2022	2021
			E
	John Moores Foundation		100
	Donations	13,429	28,984
*	Nelghbourly Sefton MBC - 150Winter Packs		400 3,750
		13,429	33,214
	Restricted		3,750
	Unrestricted	13,429	29,464
		13,429	33,214

Charitable Activity Inc	ome
			2022	2021
			f.	E
Community Foundation Big Lottery Fund John Moores Foundation			46,112 7,000	6,430 116,056
Tudor Trust				31,000
Social Investment Fund			(7,220)	(780)
Heritage Grant Children In Need			120,431 50,113	43,568 66,067
Police Commissioner			36,984	41,000
Smallwood (Restricted)			40,000	40,000
Recruit ToTrain			234,281	28,865
Coronavirus Job Retention scheme			13,836	43,895
Arts Council				13,500
Garfield Weston			5,000
The Steve Morgan Foundation Battersea Arts Centre			33,750	82,900 1,500
Covid 19Grants				4, 123
Edlsential CIC3			8,208	5,825
Energy Saving Grant Sefton MBC			34,558 209,010	24,606 273,594
Sefion MBC MB			151,938	129,120
SmsllWood - Rosa			20,000
Sefton Council for Voluntary Service Halton Metropolitan Borough Council Clinical Commissioning Groups Income From Charitable Activities			9,084 81,400 388,172 112,232	1,328 164,404 247,680 7,132
Canal &River Trust			6,027
Merseyside Police Lloyds Foundation Grantscape Birmingham City Council LCVS			30,000 8,000 4,500 500	45,128 88,000
			1,643,916	1,504,741
Income from charitable	activities has been applied to the following	activities:
			2022	2021
			E	f.
Restricted			416,184	476,575
Unrestricted			1,227,732	1,028,166
			1,643,916	1,504,741

		2022	2021
		F.
Interest	Receivable	42	148
		42	148

5.	Other Inc	om	e
						2022	2021
	Insurance	Claims				13,181
						13,191
0.	Auditor's	remuneration
	The analysis		ofauditor's	remuneration	isas follows:	2022	2021
						E
	Fees payabie		to the charity's
	auditor for	the audit
	ofthe charity's accounts		annual			4,240	3,260

Staff Costs
	2022f	2021f
Wages and Salaries Social Security costs Pension costs	1,098,881 84,825 27,920	725,744 46,257 15,884
	1,211,626	787,885

The average	numb	er ofemployees during the year	was: 58
			2022	2021
			Number	Number
Adminstration	and	finance	7	5
Management Support			5 46	5 32
				42

Net income is stated after charging:
	2022	2021
Operating leases - equipment	5,858	1,201
Auditors' remuneration
Audit services	4,240	3,260
Depreciation Bank interest payable	4,814 200	2,243 330

Intangible Fixed Assets
	Website Under	Total
	Construction	2022
	E
Cost
Additions	54,421	54,421
At 31 March 2022	54,421	54,421
Depreciation
At 31 March 2022
Net BookAmounts
At 31 March 2022	54,421	54,421

			Short	Motor	Fixtures dc
			Leasehold	Vehicles	Equipment	Total
			f	f,	f	f
Cost / Valuation
At IApril 2021 Additions			51,7?4 8,497	10,4)8	25,541 2,618	87,733 11,116
At 31March	2022		60,271	10,418	28, 159	98,849
Depreciation
At 1April 2021 For the year			51,774 1,699	10,418	21,056 3,115	83,248 4,814
At 31March	2022		53,473	10,418	24,171	88.062
Net BookAmounts
At 31 Match	2022		6,798		3,988	10,787
At 31March	2021				4,485	4,485
Debtors
					2022f	2021f
Amounts	falling due within one year
Trade debtors Prepayments		and accrued income			215,192 81,465	64,363 12,547
					296,667	76,910

Reconciliati	on ofnet e	xpend	iture/(incom	e) to net cash flow	from operating activities
					2022	2021
					E	E
Net income	for the reporting		year		40,751	254,269
Adjustments	for.
Investment	income				(42)	(148)
Depreciation and amortisation (Increase)/Decrease in debtors Increase in creditors					4,814 (219,747) 39,833	2,243 138,366 66,349
Net cash (inflow)/ouNow		from operadng		acgvities	(134,391)	461,477

				2022	2021
				E	E
	-within 1 year -within 2-5 years -after 6years			6,868 16,923	5,858 21,543 238
				21,781	27,639
18.	Financial	Instruments
				2022	2021
					E
	Carrying Measured	amount offinancial at amortised cost	assets	695,902	744,956
	Carrying Measured	amount of financial at amortised cost	liabilities	168,187	118,362

			Balance				Balance
			brought			Transfers	cerned
			fonvard			between	forward
			2020f	Income f.	Expenditure	funds f	2021 f
Gerrera/ Fund			345,$/9	1,055,2/6	(893,794)	(83,373)	425,M8
Designated Axed Asset	Funds Frrnd		6,728			(2,243)	4.485
Cessor/an Conringenc/r		Fund	20,000			89,616	/09,616
7bra/ Binds	(/rrevraus	year)	372047	10$$2/6	(89$,794)	4,000	$57,46'9
			Balance				Balance
			brought			Transfers	carried
			forward			between	forward
			2021	Income	Expenditure	funds	2022
			f.		f.	f
Geneml Fund			423,368	1,254,394	(1,239,349)	(78,232)	360,182
Designated Fixed Asset	Funds Fund		4,485			60,723	65+08
Cessation Contingency Vniity Fund		Fund	109,6]6			19,528 25,000	129,144 25,000
Total Funds	(current year)		537,469	1,254,394	(1,239,349)	27,019	579,534

Restricted Funds
			Balance	Income	Fxpcnditure	Transfers	Balance
			brought			benveen	cerned
			forward			funds	fornvird
			2020				202]
			f.		f
King Centre Developmem Smallwood - Possiblities				57,068 4O,DOO	(94,263) (32,475)	(4,0DD)	(37,195) 3,$25
The Steve Morgan Foundation IAPT Partnership Training Other Rcstrictcd Funds	-ITInltastructure		10,$20 6,800	82,900 302,919	(47,494) (2]5,808)		3$,406 10,$20 93,911
Total Funds (previous year)			17,320	482,887	(390,84D)	(4,000)	106,167
Other Funds
Halton Harmony Proj ect			6,800		(6,800)
Community Foundation Big Lottery Fund Social Investment Fund				9,772 116,056 (780)	(9,772) (59,687) 780		$6,369
Tudor Trust				31,000	(14,510)		16,490
Children In Need				66,067	(46,515)		19,552
Police Conunisioner				41,000	(41,000)
Battersea Art Centre				1,500			1,$00
Covid 19Grants				4,123	(4,123)
Bdisentcial CIC 3				5,825	(5,825)
Energy Savdngs Grants Sefton MBC - 150Winter Packs				24,606 3,750	(24,606) (3,750)
Jhrai orhm funds (previotrs vear)				302,919	(21$,808)		93,917
			Balance				Balance
			brought	Income	Expenditure	Trsnsters	carried
			forward			between	forward
			2021			ihnds	2022
			f	f	f	f
King Centre Development Smallwood ~Possiblities			(37,195) 3,525	120,432 40,000	(59+08) (42,829)		24,029 696
The Steve Morgan Foundation	-ITInttastructure		35,406			(23,906)	11,500
IAPT Partnership Training Other Restricted Funds			10,520 93,911	255,752	(288,441)	(3,113)	10,520 58,109
Ibtsl Funds (current year)			106,167	416,184	(390,478)	(2'7,019)	104,854
Orlier Funds
BigLottery Fund Tudor Trust			56,369 16,490	46,112	(51,619)	(38@07)	11,955 16,490
Children In Need			19,552	50,113	(70,113)	448
Police Commissioner				36,984	(72,330)	35/46
Battersea Arts Centre			I,SDD				],500
Edissential CIC 3				8,208	(8/08)
Bnergy Saving Grants John Moares Found ation				34,558 '7,000	(37,919) (4,198)		(3,361) 2,802
Birraingham City Council The Steve Morgan Poundation- Smallwood - ROSA	Vulnerable	Parnil ice		4,500 33,750 20,000	(29,1'l8) (14,376)		4,500 4,572 5,624
Grantscape Canal 8t River Trust				8,000 6,02'1			8,000 6,027
Leva				500	(500)
Total other Bmds (current year)			93,911	255,752	(288,441)	(3,113)	58,109

							Mental
			Family	Housing	Housing	Hub	Health and	Core	Zbta I
			Support	(Non-benet]t)	(Benefit)	Services	Youth Justice
			E	E		f,	E
Grant income Commissioned	services		1]8,070 186,]00	92/ 99		120,619 2,500	106,529 386,938	]07,830 2]34]	453,047 689,179
Traineeships and Housing Benefits Othe~		Seccndrnents	1,362 4,467	960	15],93&		294,646 ]80	39,085 9,051	335,094 151,938 14,658
Total			309,999	93,259	151,938	123,119	7S&,293	177,307	1,643,916
Restricted Unrestricted			88,070 221,929	93/59	151,93&	116,939 6,180	]0],)24 687,169	120,432 56,877	416,]84 ],227,732
			309P99	93)259	]5]@38	]23(119	788~293	187)688	1~643i916
Charitable		expenditure					Mental
			Family	Housing	Housing	Hub	Health and		Total
			Support	(Non-bene]it)	(Benefit)	Services	Youth Justice
			E		E		E	E
Pmvisions forservice users			5,5]8	]5,018	14,385	43,758	213	]4+44	93,136
Statfing Overheads			272,188 33,]99	31,962 2,746	86,496 7,04]	80,454 34/74	598,651 99,&23	179,934 38,022	1.249,685 2]5305
Finance and Governance								8,722	8,722
Rent Other			1,699	1,218 7	60,096			58	61,3]4 1,764
			312,604	50,951	168,018	15S,586	698,687	240/79	is629r827
Restricted Unrestrimed			&9,005 223,599	50,951	168,018	99,822 58,765	]42,443 556,243	59,208 181,770	390,478 1~9,349
Total			312,604	50+5]	168,018	]584&6	69S,687	240@78	],629,827

Charitable	Income
						Mental
		Pami]y	Housing	Housing	Hub	Health and		Tata 1
		Support	(Non-benefit)	(Benefft)	Services f	Youth lustice		f
Grant Income		209,507			94,829	152,195	132,034	653,946
Commissioned	Services	234,404	203,594			276,545		714,543
Housing Benefits Other				I29,120			7,132	129.120 7,132
Total		509,292	203,594	129,120	94,829	428,740	]39.166	1,504,741
Restricted		268,411	203,564				7, 132	479,137
Unrestricted		240,881		129.120	94,829	428,740	132,034	1,025,604
Total		509,292	203,594	129,120	94,829	428,740	]39,166	1,504,741
Charitable Provisions for	expenditure service users	5,529	9,175	9,595	6354	116		30,769
Staffing Oveiheads		166,688 47,864	25,518 114,856	59,447 9823	76,730 27,284	281,672 58,544	201,719 128,252	S]3,774 386,623
Finance dt Governance							5,764	5,764
Rent			1,278	45,221	519			47,018
Other			37		(150)			(112)
Total		222,082	150,864	124,086	110,737	340,33]	335,734	1,2S3,835
Restricted		120,572			]15,726	46,515	107,227	390,040
Unrestricted		101,5]0	150,864	]24,086	(4,989)	293,816	228,507	893,795
Total		222,082	150,864	124,086	]10,737	340,331	335.734	1,283,835

Analysis ofNet Assets
Previous year ended 31March 2021
	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds	Funds
		E	f
Fixed Assets		4,48$		4,48S
Current Assets	$41,720	109,616	106,167	7$7,$03
Cunent Liabilities	(/18,3$2)			(118,3321
	423,368	114,101	106,167	643,636
Cunent year ended 31 March 2022
	Unrestricted	Designated	Restricted	Totals
	Funds	Funds	Funds	Funds
	g
Fixed Assets		65+08		65,208
Cunent Assets	518,369	154,144	104,854	777,367
Current Liabilities	(147,806)			(147,806)
	370,563	2]9,352	104,854	694,769

				Unrestricted	Restricted	Total
				Fund	Fund	Funds
Income
Donations	and	legacies		29,464	3,750	33,214
Charitable	activities			1,025,604	479,137	1,504,741
Investments				148		148
Total income				1,055,216	482,887	1,538,103
Expenditure	on
Charitable	activities			893,795	390,040	1,283,835
				893,795	390,040	1,283,835
Net income				161,421	92,847	254,268
Transfers between			funds	4,000	(4,000)
Net movement		In funds		185,421	88,847	254,268

Notes to the Accounts (cont.) Por the year ended 31March 2022
Related party transactions
Remuneration ofkey management	personnel
The remuneration ofkey management	personnel		ls as follows:
				2022	2021
					F
Aggregate compensation				268,572	202,749
No remuneration was paid to any trusteee		during	the year (2021:None).
No guarantees were given or received.
During the financial year 826,870was	paid	to Rule ofThree Arts Ltd ofwhich		Susan Potts ls CEO
(R10,8502021).