2023-03-31-accounts - Hartlepool Community Studio

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Charity number	Charity number
Hartlepool Community Studio	1056000
Company number
	3017552
Trustees Report for the year ended 31stMarch 2023
The trustees ofIhe Harfiepool Community Studio present their annual report and financial
statements in accordance wfih the current statutory requirements and Charities SORP (FRS102).
Stru t re ovsrnanceandman m n
The organisation isa company limited by guarantee. The company was established	under a
memorandum ofassowation which established the objects and powers ofthe charitable company
and isgoverned under its arficles ofassociation.
Afi Trustees give their lime voluntarily and receive no benefits from Ihe chanty
The Trustees review Ihe aims, objectwes snd activities ofthe charity each year.
This report looks at what the chanty hss achieved and the outcomes ofSs work within the last bvelve months
Details ofthe status and management ofthe charity are set out on page 1ofthe accounts
To promote, maintain and advance the education ofIhe public in the apprecmtion snd pradice
of participatory aris and associated disdplines.
Toadvance the educatmn ofunemployed persons in Hmtlepoof and the surrounding	area through
the provision ofsuch training facifities as wfil anble those persons lo acquire and develop vocational
skills
Achievements an srfonn nce
The charily has sustained it's rents this year and secured the support of local institutions which
secures e future for trading in partnership.
Financial reriew
The chaifiy hss agam Increased lt'5 Income and outgoings remain in line with the previous year.
The Trustees are committed to Increasing Ihe income further in order to reduce the risk ano
any future uncertainties.
Statement ofresponslbfilttes ofthe Trustees
The Trustees (who are also directom of Harfiepool Community Studio for the purpose	ofcompany		law)
are responsible for preparing the report of Ihe Trustees' and the financiat statements	in accordance		vnth
applicable law and United Kingdom Accounting Standards (Unued Kingdom Generafiy	Accepted Accounting				Practice)
Company law requires the Trustees to prepare financral statements for each financrat	year which	give atrue
and fair view ofthe state of affairs ofthe chantable company and ofthe incoming resources and application					of
resources. induding the income and expenditure, of Ihe 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 snd pnnoples 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 fallowed,
subjed to eny maleriial departures disclosed and explained in the finanoal statements;	and
prepare the financial statements on the going concern basis unless s is inappropnale	to presume	that the charfiy				vnll
continue in operation.
The Trustees are responsible for keeping proper accounting records that disdose with reasonable			accuracy
at any time the financial position ofthe charitable company and enable them toensure that Ihe finanwal				statements
comply with the Companies Act 2006. They are also responsible for safegua ning the	assets ofthe		charitable		company		and
hence for taking reasonable slaps for the prevention and detection offraud and other	irreguiariities.


Statem	ent		offinancial	activities (including			summary		income and
				expenditure	account)
				Unrestricted				Prior year
Recommended categories			by activity	funds		Total funds		funds
				E		E		6
Income (Note 3)
Income and endowments		from:
Donations and legacies
Charitable activitms				40,945		40,945		15,257
Other trading activities
Investments
arete material item of	income
Other Total				12 40,957		12 40,957		2,690 17,947
Expenditure (Notes 4)
Expenditure on:
Raising funds				4,695		4,695		3,883
Chantable activities				51,099		51,099		33,424
Separate material expense	item
Other
Total				55,794		55,794		37,307
Net income/(expenditure)			before tax for
the reporting period				(14,837)		(14,837)		(19,360)
Tax payable
Net income/(expenditure)			after tax
rore investment Net gains/(losses) on	gains/(losses)			(14,837)		(14,837)		(19,360)
investments
Net income/(expenditure) Extraordinary items				(14,837)		(14,837)		(19,360)
Transfers between	funds
Other recognised	gains/(losses):
Gains and losses on revaluation		of fixed assets for the
chanty's own use
Other gains/(losses)
Net movement in funds				(14,837)		(14,837)		(19,360)
Reconciliation of
funds:
Total funds brought forward				491,769		491,769		511,129
Total funds carried	forward			476,932		476,932		491,769

						Haitlepool Community	Haitlepool Community	Studio	Chanty No	1056000
									Company No	3017582
						Balance sheet
						Unrestricted	Total this		Total last
						funds		year	year
						6		8	8
Fixed assets
Intangible	assets
Tangible	assets			(Note	5)	464,700		464,700	482,483
			Total fixed assets			464700		464 700	482483
Current	assets
Stocks
Debtors			(Note 6)			288		288	690
Cash at bank and in		hand				12,244		12,244	9,016
		Total		current assets		12532		12532	9706
Creditors: amounts		falling due			within
one year				(Note	7)	300		300	420
	Net conan	t	assetsy(li		abilities )	12232		12232	9,286
Total	assets less		current		liabilities	476932		476932	491769
Creditors: amounts			falling due after
one year
Provisions	for liabilities
Total net	assets orliabilities					476,932		476,932	491,769
Funds ofthe Charity
Unrestricted funds						476,932		476,932	491,769
				Total funds		476,932		476,932	491,769

2.1 Reconciliation	2.1 Reconciliation	2.1 Reconciliation	with previous Generally Accepted Accounting Practice
The company	has adoped FRS 102Section 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 tothe resources;
			~ it is more likely than not that the trustees will receive the resources;
			~ the monetary value can be measured with sufficient reliability.
Offsetting			There has been no offsetting ofassets and liabilities, or income and expenses, unless required or permitted by the FRS 102SORP or FRS 102.
Grants and			Grants and donations are only included in the SoFA when the general income
donations			recognition criteria are met (5.10to 5.12FRS102SORP).
Government	grants		The charity has received government grants in the reporting period.
2.3Expenditure		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.
2.4Assets
Tangible fixed assets			These are capitalised ifthey 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
Debtors			recognition at settlement amount after any trade discounts or amount advanced the chanty. Subsequently, they are measured at the cash or other consideration	by
			expected to be received.

	Notes to	t	h	e accounts						(cont)
Note 3				Income
									Unrestricted
				Analysis ofincome					funds	Total funds	Prior year
Donations	Donations			and gifts
and legacies:	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
Charitable activities:	Letting of		non investment			property			10,852	10,852	9,370
	Recording		and rehearsal			income
	Other								30,093	30,093	5,887
								Total	40,945	40,945	15,257
Other:	Conversion			ofendowment		funds into income
	Gain on	disposal ofa tangible					fixed asset held
	for charity's			own use
	Gain on	disposal ofa programme						related
	investment
	Royalties	from the exploitation					of intellectual
	property	rights
	Other								12	12	2,690
								Total	12	12	2,690
TOTAL INCOME									40,957	40,957	17,947

Note 4		Expenditure	Expenditure	Expenditure
		Analysis of			expenditure		Unrestricted funds	Total funds f		Prior year f
Expenditure	on	Advertising,	marketing,			direct mail and
raising funds:		publicity					2,586		2,586	1,429
		Postage and	stationery
		Telephone
							881		881	912
		General expenses
							1,228		1,228	1,542
		Total expenditure			on raising funds		4,695		4,695	3,883
Expenditure	on	Rent collection, property				repairs and
charitable		maintenance	charges				5,955		5,955	930
activities		Conferences	and	hospitality			19,338		19,338	5,914
		Insurance					3,079,		3,079	2,646
		Utilities					3,344		3,344	5,131
		Cleaning					593		593	719
		Repairs and	renewals
		Professional	fee				240		240
		Accountancy					300		300	300
		Bank charges
		Subscriptions Depreciation Total expenditure		on charitable			17,783 5,09		467 17,783 17,783 5,9,2
TOTAL EXPENDITURE							55,794		55,794	37,307

			Freehold land	Plant and	Total
			8 buildings	machinery
				6
Xtthe beginning		of	850,719	268,408	1,119,127
the year
Additions
Revaluations
Disposals
Transfers *
At end ofthe	year		850,719	268,408	1,119,127
5.2 Depreciation		and	impairments
At beginning	ofthe		371,453	265,191	636,644
year
Disposals
Depreciation			17,015	768	17,783
Impairment
Transfers*
At end ofthe	year		388,468	265,959	654,427
5.3Net book	value
31/03/2022			479,266	3217	482483
31/03/2023			462,251	2,449	464,700

			Notes to the accounts	(cont)
Note	6		Debtors and prepayments
6.1	Analysis	of	debtors
					2023		2022
						288		690
Trade	debtors
Prepayments		and	accrued income
Other	debtors			Total		288		690

Note 7	Creditors and accruals
7.1 Analysis ofcreditors
		2023		2022
Accruals for grants	payable
Bank loans and overdrafts
Trade creditors
Payments received	on account for contracts or
performance-related	grants		300		420
Accruals and deferred income
Taxation and social	security
Other creditors

7.2 Deferred income
Movement in deferred income account			2023 F	2022
Balance at the start ofthe reporting	period
Amounts added in current period Amounts released to income from	previous	periods
Balance at the end of the reporting	period