**Charity number** 1056000
**Company number** 3017582
## **Hartlepool Community Studio**
Trustees Report and Financial Statements
Year Ended 31st March 2021
## **Hartlepool Community Studio**
## **Contents**
|Company information|1|
|---|---|
|Trustees report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Notes to the accounts|5-9|
## **Hartlepool Community Studio**
## **Company Information**
## **Trustees**
A Gallagher (12th June 2017) B Barnes (12th June 2017) L Sotheran-Darley (18th November 2018) C Bradley (25th November 2018) G Gaffney (22 April 2020)
## **Charity number**
1056000
## **Company number**
3017582
## **Business Address**
The Studio Tower Street Hartlepool TS24 7HQ
1
## **Hartlepool Community Studio**
**Charity number** 1056000 **Company number** 3017582
## **Trustees Report for the year ended 31st March 2021**
The trustees of the Hartlepool Community Studio present their annual report and financial statements in accordance with the current statutory requirements and Charities SORP (FRS 102).
## **Structure, governance and management**
The organisation is a company limited by guarantee. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.
All Trustees give their time voluntarily and receive no benefits from the charity.
The Trustees review the aims, objectives and activities of the charity each year.
This report looks at what the charity has achieved and the outcomes of its work within the last twelve months.
Details of the status and management of the charity are set out on page 1 of the accounts.
## **Objectives and activities**
To promote, maintain and advance the education of the public in the appreciation and practice of participatory arts and associated disciplines.
To advance the education of unemployed persons in Hartlepool and the surrounding area through the provision of such training facilities as will anble those persons to acquire and develop vocational skills.
## **Achievements and performance**
The charity has sustained it's rents this year and secured the support of local institutions which secures a future for trading in partnership.
## **Financial review**
The charity has again increased it's income and outgoings remain in line with the previous year.
The Trustees are committed to increasing the income further in order to reduce the risk and any future uncertainties.
## **Statement of responsibilities of the Trustees**
The Trustees (who are also directors of Hartlepool Community Studio for the purpose of company law) are responsible for preparing the report of the Trustees’ and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the Board of the Directors and Trustees on 25th November 2021 and signed on it's behalf
A Gallagher Director
2
Hartlepool Community Studio Charity No 1056000 Company No 3017582 Annual accounts for the year **1st April 2020 To 31st March 2021**
**1st April 2020**
## **Statement of financial activities (including summary income and expenditure account)**
|**Expenditure (Notes 4)**
**Expenditure on:**
Tax payable
Net gains/(losses) on
investments
**Extraordinary items**
Other gains/(losses)
**_Reconciliation of_**
**_funds:_**
**Other recognised** **gains/(losses):**
Separate material expense item
Total funds brought forward
Raising funds
Separate material item of income
Other
Other
Donations and legacies
**Income (Note 3)**
**_Net movement in funds_**
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Other trading activities
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Investments
**Net income/(expenditure) before tax for**
**the reporting period**
**_Total_**
**Recommended categories by activity**
**Income and endowments from:**
Charitable activities|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
-
-
-
6,060
6,060
39,844
-
-
-
-
-
-
-
-
-
22,104
22,104
50|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
-
-
-
6,060
6,060
39,844
-
-
-
-
-
-
-
-
-
22,104
22,104
50|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
-
-
-
6,060
6,060
39,844
-
-
-
-
-
-
-
-
-
22,104
22,104
50|
|---|---|---|---|
||28,164|28,164|39,894|
||945
945
5,140
26,366
26,366
49,292
-
-
-
-
-
-|||
||27,311|27,311|54,432|
||853
853
(14,538)
-
-
-
853
853
(14,538)
-
-
-
853
853
(14,538)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|||
||853|853|(14,538)|
|||||
||510,276
510,276
524,814|||
||511,129|511,129|510,276|
3
Hartlepool Community Studio Charity No 1056000 Company No 3017582
## **Balance sheet**
|**Fixed assets**
Intangible assets
Tangible assets (Note 5)
**_Total fixed assets_**
**Current assets**
Stocks
Debtors (Note 6)
Cash at bank and in hand
**_Total current assets_**
Creditors:amounts falling due within
one year (Note 7)
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year**
Provisions for liabilities
**_Total net assets or liabilities_**
**Funds of the Charity**
Unrestricted funds
**_Total funds_**|**Unrestricted**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
- -
-
491,318 491,318
506,325
- -
-|**Unrestricted**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
- -
-
491,318 491,318
506,325
- -
-|**Unrestricted**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
- -
-
491,318 491,318
506,325
- -
-|
|---|---|---|---|
||491,318|491,318|506,325|
||- -
-
- -
-
20,111 20,111
4,343|||
||20,111|20,111|4,343|
||300 300 392|||
||19,811|19,811|3,951|
|||||
||511,129|511,129|510,276|
||- -
-
- -
-|||
||511,129|511,129|510,276|
||511,129 511,129
510,276|||
||511,129|511,129|510,276|
_The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies._
_The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006._
_The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts._
_These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP._
A Gallagher
4
**Notes to the accounts**
## **Note 1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.
## **Note 2 Accounting policies**
**2.1 Reconciliation with previous Generally Accepted Accounting Practice** The company has adoped FRS 102 Section 35. No adjustments were required upon transition.
**2.2 Income Recognition of** These are included in the Statement of Financial Activities (SoFA) when: **income** • the charity becomes entitled to the resources; • it is more likely than not that the trustees will receive the resources; • the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, **Offsetting** unless required or permitted by the FRS 102 SORP or FRS 102. **Grants and** Grants and donations are only included in the SoFA when the general income **donations** recognition criteria are met (5.10 to 5.12 FRS102 SORP). **Government grants** The charity has received government grants in the reporting period. **2.3 Expenditure and liabilities** Liabilities are recognised where it is more likely than not that there is a legal or **Liability recognition** constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
**2.4 Assets Tangible fixed assets** These are capitalised if they can be used for more than one year. **for use by charity** They are valued at cost. The depreciation rates and methods used are as follows: Land and buildings - 2% Straight line Plant and machinery - 25% Straight line
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by **Debtors** the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
5
## **Notes to the accounts (cont)**
|Donations and gifts
Gift Aid
Legacies
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donated goods, facilities and services
Other
**Total**
Letting of non investment property
Recording and rehearsal income
Other
**Total**
Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held
for charity's own use
Gain on disposal of a programme related
investment
Royalties from the exploitation of intellectual
property rights
Other
**Total**
**TOTAL INCOME**
**Charitable**
**activities:**
**Other:**
**Note 3 Income**
**Analysis of income**
**Donations**
**and legacies:**|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - -
- - -
- - -
- - -
- - -
- - -
- -|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - -
- - -
- - -
- - -
- - -
- - -
- -|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**£**
**£**
- - -
- - -
- - -
- - -
- - -
- - -
- -|
|---|---|---|---|
||-|-|-|
||6,060 6,060 9,980
- - 29,864
- - -
- - -|||
||6,060|6,060|39,844|
||- - -
- - -
- - -
- - -
22,104 22,104 50|||
||22,104|22,104|50|
|||||
||28,164|28,164|39,894|
6
## **Notes to the accounts (cont)**
## **Note 4 Expenditure**
|Repairs and renewals
Subscriptions
**TOTAL EXPENDITURE**
Depreciation
Utilities
Cleaning
Accountancy
**Total expenditure on charitable**
Bank charges
Telephone
General expenses
**Total expenditure on raising funds**
**Expenditure on**
**charitable**
**activities**
Rent collection, property repairs and
maintenance charges
Conferences and hospitality
Insurance
**Expenditure on**
**raising funds:**
**Analysis of expenditure**
Advertising, marketing, direct mail and
publicity
Postage and stationery|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**£**
**£**
141 141 3,688
- - -
769 769 958
35 35 494|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**£**
**£**
141 141 3,688
- - -
769 769 958
35 35 494|**Unrestricted**
**funds**
**Total funds**
**Prior year**
**£**
**£**
141 141 3,688
- - -
769 769 958
35 35 494|
|---|---|---|---|
||945|945|5,140|
||453 453 2,500
- 20,241
1,739 1,739 3,136
4,614 4,614 4,460
478 478 430
1,285 1,285 497
600 600 326
- - 286
- - 308
17,197 17,197 17,108|||
||26,366|26,366|49,292|
|||||
||27,311|27,311|54,432|
7
## **Notes to the accounts (cont)**
## **Note 5 Tangible fixed assets**
## **5.1 Cost or valuation**
|**5.1 Cost or valuation**||||
|---|---|---|---|
|At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
**5.2 Depreciation and**|**Freehold land**
**& buildings**
**Plant and**
**machinery**
**Total**
**£**
**£**
**£**
843,885 264,104 1,107,989
- 2,190 2,190
- - -
- - -
- - -|||
||**843,885**|**266,294**|**1,110,179**|
||337,560 264,104 601,664
- - -
16,878 319 17,197
- - -
- - -
**impairments**|||
||**354,438**|**264,423**|**618,861**|
## **5.3 Net book value**
|**et book value**||||
|---|---|---|---|
|31/03/2020
31/03/2021|**506,325**|**-**|**506,325**|
||**489,447**|**1,871**|**491,318**|
8
|**Notes to the accounts**|**(cont)**|||
|---|---|---|---|
|**Note 6 Debtors and prepayments**||||
|**6.1 Analysis of debtors**||||
|||**2021**|**2020**|
|||**£**|**£**|
|Trade debtors|||- -|
|Prepayments and accrued income|||- -|
|Other debtors|||- -|
||
**Total**||- -|
|**Note 7 Creditors and accruals**||||
|**7.1 Analysis of creditors**||||
|||**2021**|**2020**|
|||**£**|**£**|
|Accruals for grants payable|||- -|
|Bank loans and overdrafts|||- -|
|Trade creditors|||- -|
|Payments received on account for contracts or||||
|performance-related grants|||- -|
|Accruals and deferred income|||300 392|
|Taxation and social security|||- -|
|Other creditors|||- -|
||||300 392|
|**7.2 Deferred income**||||
_Movement in deferred income account_
|_Movement in deferred income account_
Balance at the start of the reporting period
Amounts added in current period
Amounts released to income from previous periods
Balance at the end of the reporting period|**2021**
**2020**
**£**
**£**
- -
- -
- -|
|---|---|
||- -|
9