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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||
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|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.||
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||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|
##
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|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|
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||||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||||