Charfty number 1056000 Company number 3017582 Hartlepool Community Studio Trustees Report and Financial Staternents Year Ended 31st March 2024
Hartlepool Community Studio Contents Company information Trustees report Statement of financial activities Balan sheet Notes to the accounts
Hartlepool Community Studio Company Information Trustees B Barnes (12th June 2017) K Martin (1 Oth May 2022) A Armstrong (22nd February 2023) M Kitching (17th May 2023) J Hewitson {resigned 19th December 2023) Charity number 1056000 Company number 3017582 Business Address The Studio Tower Street Hartlepool TS24 7HQ
¢h•vty numb•r Hartlepool Communlly Studlo 1056000 ¢ompany numbor 3017582 Trust••s R•port for th# y•ar •ndgd 31$t March 2024 The tNstees ol Ihe Hartlepod Community stud present thelr annual report and finanual statements in accordance wtth the ¢urreni statut¢)ry requirements and Charilies SORP IFRS 1021. and man Th8 organi8ats.on 18 8 company Ilmrted by guaranteè. Th¢ comp8ny was e5tablish8d under memorandum of assothation whith estgbli$hed th• object5 and powers of the charilablÈ company and 1$ 9overned under rt5 artide5 of assooation. All Twsloes give Ihew tyme voluntarity oThJ rec4ve no bèntrfits from the charity. Th& Tru51ge5 review Ihe airns. obJ8ctive8 and actwilie$ of the ¢h8rity each yoar. Thls report kkS al what the Chaty has achied and the outcomes of its work within the la$1 M(th$. Details of the slaius and managenI of the charity are set oul on pagè 1 of Ihe a¢¢ount$. Ob tlves and actlvltlos To worrote, maintain and 8dvance tho education of thé wblic in th¢ appcia.¢n and practiGe of partipa10ry arts and associai8d disciplinos. To advance the eduratkjn of unempbyed person$ in HartPOor and the surrounding area through the provision of $uGh training facilitie$ as will anbb thos8 persons to acquwe and deveh)p votslbnal Achlevem8nt8 and rfonnanc The charity has sustained il's rents this year afjd secured the support of local in$btLrtitsns Trthi¢ 58cures a fulure for tradtng in partnership. Flnancla revl•w The charty has agaln ¢rSed income and outgolngs remain in lin8 with the prevlous ye8r. T1 TrLtstees ale ccrnmilted to incfeaslng the incorn8 further in order lo reth2¢e the ri$k and any future uncertainls. Stat•meDt af r$p•nslbllitl¢$ olth• Trust••s The Tru51ees (who are a150 directors of Hathpool Comunrty Studio for the purpose of company lawl are responsib for preparing the report of the Trustees, and the finanryal stateThnts in accordance with applicable law and United Kingdom Aceounting Slandard$ (United Kingdorn Generally Acc8pled Accounting PradKel. Cornpany requires the Trusteos to prepare financial 8tat8m8nts lor 8ach financial year whi¢h give ¥ truè and fair view of the stste of affairs of the charit8b company and of the in¢omlng rsour¢es and appbcatiory of resourc. including the income 8nd exp8nditur6, of the ch&rftabb ¢ompany lor that period. In preparing these financial statements. the Trust888 are required tri.. Se1 suit8ble accounting policies 8nd then appty th•Tn ¢SISte. Observ the method$ and prin¢iple$ the Charitie5 SORP.. Make judgements and èslimèles thai are reasonab and prudent., State whether appIab UK Accouniing stsndards and sl8lements of recommended prac16ce have beon fdh7wed, subject to any rn8lerial departures disclosed and èxpbinètt In thB fin#nsial sialement5'. and Prepare the financial stat8m8nls on th8 going concem basi$ unle$$ it 15 inappropriate to pr85UTh that the charity wll continue in Operat. Th8 Trusle8s are fesponslW8 for keeping pr(pr arAounting records th discthe with re8sor+able 8ccuraLy t any tiff the finonti81 lts"0n of the charitats company and enable them lo ensure that th8 financkal statements oMY with the COrnpan5 Act 2006. They are gjso responsibte for safeguardin9 the assets Of the charitable Gompary and for tsking reasonable step5 for the preveThlicn and deleelion of fraud 2nd otfr irregularities. Approval Thi$ repc#t was approved by the Board of the DireGlors and Trustees on 11th June 2024 and signed on rt's beha e Bames Directtr
Hartlepool Community Studio Charity No 1056000 Company No 3017582 Annual accounts for the year 1st April 2023 To 31st Mar¢h 2024 Statement of financial activities (including summary income and expenditure account) Unrestrlcted funds Prior year funds Recommended categories by activity Total funds Income (Note 3) Income and endowments from: Don8lions and kg8cies haritable acbv41J•$ 13,605 67,277 13.605 67.277 40,945 Other trading actwilie$ Inveslmenls Sèparatè material ilem ol incom& Other 63 80,945 63 80,945 12 40.957 Total Expenditure (Notes 4) Expenditure on.. Raising funds Chafitable a¢twibe$ 4,288 71,501 4.288 71.501 4,695 51.099 Separate material exp8nse itern Other Total 75,789 75,789 55,794 Net incomel{expenditure) before tax for the reporting period Tax payable 5.156 5.156 (14,837) Net incomel(expenditurè) after tax before investmont gainsl(losses) 5.156 5.156 {14.837) Net gainslllossesl on investments Net incomel(expenditure) Extraordinary items Transfers between funds Other recognised gainsl(losses): 5,156 5,156 (14,837) Gains and losses on revaluation of fixed assets for the charity's own use Other gainsll105sesl Net movement in funds 5,156 5,156 (14,837) Reconclliatlon of funds." Total funds brought fofwaTd 476,932 482,088 476,932 482,088 491,769 476,932 Total funds carried fonvard
Hartlepool Communily Studio Charity No Company No 1056000 3017582 Balance sheet Unr•strlct•d Total thi$ funds year Total last year Fixed assets Inl8ngible assets Tangible assets {Note 51 460,684 460,684 464,700 Total flx#d assets 460,684 460,684 464,700 Current assets Stocks Debtors (Note 6) Gash at bank and In hand Total ¢urnnt assets 1,716 3.000 16,988 21,704 1.716 3.000 16,988 21,704 288 12,244 12,532 Creditors.. amounts falling due within one year (Note 71 300 300 300 Net current assets/(liabilltiÈsJ 21,404 21.404 12.232 Total a$$ets less current liabilities 482 088 482,088 476,932 Credltors: amounls falllng due after one year Provisions for liabililios Total net assets or liabilities 482,088 482,088 476.932 Funds of the Charity Unrestricted funds 482.088 482.088 476,932 Yotal funds 482,088 482.088 476,932 The company wos entitled to exemption from audil unders477 of the Companies Act 2006 r&latlng fo small companies. The m8mbers have not required the Company to obtain an 8udit in accordance %wlh section 476 of the Companies Act 2006. Th& d1CtorS acknowledge their responsibilities kircomplying th thp requirements of the Companies Act th respect to accounting records and the preparation of accounts. These accounts hav8 been prepared in accordance wrth the proVisK$ applicable to small companies subjecl to the small companies regime and in a¢cordanc8 Mth FRS102 SORP. B Barnes
Notes to Ihe accounts Note 1 Basis of preparation 1.1 Basis of accountlng These a¢¢ounls have been prepared under the historical cost convention with items recognised at cost or transaction value unless otheiSe slated in the relevant nole(sl to Ihese accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and with the Charities Acl 2011. Note 2 Accounting policies 2.1 Reconciliation with previous Generally Accepted Accounting Practice The company has adoped FRS 102 Sedion 35. No adjustments were required upon transition. 2.2 Income Recognition of Income These are included in the Statement of Financial Activities (SOFA) when= the charity becomes entitled to the resources., it is more likely than not that the Iruslees will receive the resources- the monetary value can be measured with sufficient reliability. Offsettlng There has been no offsetting of assets and liabilities, or income and expenses. unless required or permitted by the FRS 102 SORP or FRS 102. Granls and donatlons Granls and donations are only included in the SOFA when the general income recognition criteria are met (5.10 10 5.12 FRS102 SORPI. Government grants The charity has received government grants in the reporting period. 2.3 Expenditure and Ilabilitios Liabilities are recognised where it is more likely than not that there is a legal or Liability recognltlon 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 capilallsed if they can be used for morè than one year. for us? by charity They are valued al cost. The depreciation rates and methods used are as follows- Land and buildings - 2 10 Straighl line Plant and machinery- 25 /0 Straight line Debtors (including Irad6 debtors and loans receivable) are measured on initial recognition at settlement amounl afier any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected lo be re¢eived. Debtors
Notes to the accounts (cont) Note 3 Income Unrestrlcted funds Analysis of Income Total funds Prior year Donations Donations and gifts and legacies: Gift Aid Legacies General grants provided by governmenuother charities Membership subscriptions and sponsorships which are in substance donations Donated goods, facilities and services Other 3.105 3,105 10,500 10,500 Total 13.605 13,605 Charitable activities: Letting of non investment property 13.536 13,536 10,852 Recording and rehearsal income Other 53,741 67.277 53,741 67,277 30,093 40,945 Total Other: 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 63 63 63 63 12 12 Total TOTAL INCOME 80.945 80,945 40,957
Note5 to the accounts (cont) Note 4 Expenditure Analysls of expenditure Unrestriel•d funds Total funds Prlor year Expenditure on raising funds: Advertising, marketing, direct mail and publicity Postage and stationery 2,208 2,208 2,586 Telephone 1,054 1.054 881 General expenses 1,021 1,021 1.228 Total expenditure on ralsing funds 4,288 4.288 4,695 Expénditure on charitable activities Rent collection, property repairs and maintenance charges Hospitality. artists and other direct costs Insurance 10,541 10,541 5,955 38,429 38.429 19,338 1,845 1.845 3,079 Utilities 1,549 1,549 3.344 Cleaning Repairs and renewals Professional fee 2,092 2,092 593 31 31 240 Accountancy Bank charges Subscriptions Depreciation 330 330 300 178 388 178 388 467 19,216 19,216 17,783 Total expendlture on charitable TOTAL EXPENDITURE 75,789 75,789 55,794
Notes to the accounts {cont) Note 5 Tangible fixed assets 5.1 Cost or valuation Freehold land and buildings Plant and machinery Total At the beginning of the year Additions 850,719 268,408 1,119,127 15,200 15,200 Revaluations Disposals Transfers ' At end of the year 850,719 283.608 1.134,327 5.2 Depreciation and impairments At beginning of the year Disposals 388,468 265,959 654,427 Depreciation 17,015 2,201 19,216 Impairment Transfers, At end of the year 405,483 268,160 673,643 5.3 Net book value 3110312023 3110312024 462 251 445,236 2,449 15,448 464 700 460,684
Notes to the accounts (cont) Note 6 Debtors and prepayments 6.1 Analysis of debtors 2024 2023 Trade debtors 288 Prepayments and accrued income Other debtors 3.000 Total 3,000 288 Note 7 Creditors and accruals 7.1 Analysis of creditors 2024 2023 Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors 300 300 7.2 Deferred income Movement in deferred income account 2024 2023 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