Cthnpony w$tration number. 3177091 Charity registrab￿ number.. 10591&S The Dudson Centre IA company kffmted ty gu¥an*el Ar¥x4 Reptyt aThl Pwntsal Siatemenls th8 Year 31 M¥ch 2022 duds cen 1111 •A￿￿ET11¥ 2110912022 COMPANIES HOUSE A04 #108 The Dudson Centre Contents Reference and Adm￿•StraINe Deiai16 Tw$tees' Rewt 2104 Independwt Examin¥s Report ststemeniof Finanoal A¢U BaLgnee Shaol Notes to lh8 Finanoal Statwfi￿ts 8t014 The Dudson Centre Reference and ￿MInIstratIVe Detalls IJ [￿dx￿ ¢BE PR￿ Bamish K Shea-T JK K4ton RGF C￿rIty Reyi8tratlon N￿Mber 10591B6 Compjny R•gl¥tratI￿ Numb•r 3177091 The tharity E￿*Th1. Hope Slreet Hanky Stok8-on-Tr•rt Staffordshire ST5 1DD R¢glstor•d Ollle• Ind•p•nd•nl ExamI￿r C8V Fr8rK* G¢efi$ Ltd charte￿ Act fcr wfit ¢X9anisatK￿S and thg t4)tUe.knln supputs th8 heritage by attractW¥J Visitors trom outsid• the aroa. The Charitab￿ company has undertaken and ￿k￿eted the refvrti1shrW￿ of a CAe 11 kstad lom￿ pottery, l¢)¢al*J at a priwpal access wnt to Ihe O cenlre of Stok<rTrenL as a ¢enlrn ty vduntary sector organIsat￿$. The eompbied buldiry is leased lo VAST Serwces119201. The botye oven site house$ a c￿ection ol artetacts etc. betongiw to the Dudson farThty. lorW"cdisFtsy. Financial review The r&stslLS for Ihe ygar are the Statement of Financial Pollcyon reserv•s The InJst8e5 have e*aNlshed a polty of up o reserv¢ to to the cos18 of major repairs and renew8ls lo the Dty￿￿ Centre buldings. This reseThe is Monit￿ annualy and the conlribulh)n to the reserve is atyusted aCcordin￿Y. The trustees art confthrtt thai re5wes are iHJildir*J ai a level to meet th requlrgrnents of the schedula of fiJtw• mapJr r8p•r5 and renww*. Tn￿￿08 and officers Th8 trustees and officers seMNJ thirirvj Ihe year and sirK* Ihe end *re as lolu4¥S." Trusle85.' U Dudsty) CBE Ml Bamish K She&TIptyTrJ ( m￿tOn lappinled 1 September 20211 J lappointad 8 20221 SeC￿tsv. RG Trtdi The Dudson Centre Trustees. Report (including Directors. Report) SlniGtur•i g¢)vom•n¢• and man•pmw Natvr* of governlng docum8ni The Company is limited by guwwtee and ¢Yoes have share c4pltal. It b a norwofft maklrwj organisalion and a registered charity gD¥emed by its Mernlwanduffl and Arfi(*s of Assoryaw dated 25 March 1996. updated September 2010 and Novémber 2015. Recwiti7ienland app01n1￿￿t ollwsl•05 Th¢ Board of Iru5¢ees coniain$ a bmad mrx of sklls Iheroby enharioThJ its 8lf8ctiveness. Whw fvrther trustees. recruilmenl is necessary Ihe rJiteri# fornew membtts are deL7ded usry a skjls audil lo ensure the board retsins Its effracy. Indu¢ii¢Jn and tr•thlttg of trtisiws The prtsÈnt board of tnjstees a￿ farrwlw *ilh thg dwritsbfe co￿￿8￿5 th and with thwr reW￿bn1tsts and requirements as brjard rnem￿. New board members meet *•th Ihe Ch*r and membws of Ihe managernent team ol VAST Sern¢e$ 11920) to enswÈ Ihat they have a fvlj uTrJer5tsnthng of Ihe chanty and their respon5iblthS. The key managernerTrt perx)nnEI are Ihe senw managemert team of VAST S￿￿85 119201 are th? managing tenants of The Centre. Their rernvneratw￿ is Set by the Board of Ttustee$ Df Vast SeNi¢es 119201 and is ¢UtshJe of the coThtrc4 of The Dud50Th CenlFa. De¢aI5 of the the Ghafttatle company 1$ governed a￿ set rojl under ¢xgarNsaticffial Str￿tUre. Trustee board meetings regularfy revw th8 con¢rols op8r3lin9 art￿rt￿ thè organiy￿}. The rnajor risks tyJ8nliF**J aro'.- . Sustsinability of managiThJ tenaThts . Communty Risks (vandalism. dvugs etc.) . ca￿trophI¢ BuiktirvJ Falur¢ The Board cattiÉs rMJta formal iisk rewew wocEss to hlentsfy the risks tawg the tsoanr38litsn. Tho risks a￿ $tored anL1 their relative inportarKe agreed and yarbX￿ ac1￿ tsk￿ kn miD9ale the ri5k5 are also Klenttted. The yocess 1$ re¢orded and n$￿ summari$8d t(NJether ￿lIh Sn orwK¥J acbcn pkn in a foma n5k mana9errent do¢yJm¢nt. The bowd conb"nuaty rt))Ntor and ii5ks atboarf me*tsngS. Stat•n￿ntoI Trustws. R•Spon￿bIlitieS Tho trustees Iwho are a150 the directors of The Dudx￿ Centre for lh8 pur¥¥)ses of company Lqwl ar8 responsit48 for prepamg Ihe lJustee5' ￿P¢)rt and tt)e finanoal Sta￿rnents kn accordarth *ith the United ￿"n9￿ Acccuntkng Stsndards (Uniled ￿ng￿tyn Gen￿￿ty *mpied Accoun￿ Ptsai¢el and applicable Iwand ￿Ul811￿￿8. ¢¢rnpany law requires the tNsteas to yepare financ41 ststements each financial year. Under Company law the tnjstees mu$t approve the finèn(aa slatements Un￿ they are salssfiad that they give a true and fair view of th& stste ol affairn of the ¢harilOtle ¢(￿panY ol ts inc4ming resources and applicaltrx of resources. induding its Ir¢Cc￿ eXpend￿re, tr that peric•J. In prepanNJ these ffinarKid swements. Ihe trvslees are required to.. select suitatAe aCcOLth￿j pofrws and apF+y them const•. Page 3 The Dudson Centre Trustees. Report (including Dlrectors. Report) obserye ts ThJthodsaTrJ in th? Clwties SORP: make ju(*rTrents and 8sl¥nates Ihalare rea50nat40 ar￿ $iato whelher appEKat48 UK Accountir%J Standafds been fol0￿1, 5ubj.ect lo any rn*efial d8part4wes Llisfaosed and explained in the financi* statements., prepao the fin8nc4* swements ￿ the rtscwn t•s¢ is inprwriale tQ &￿SUme that the Charilab￿ cornpanywll r(Nrtinu8 in tyJ51re5> The truslees are responsib￿ for keerAfWJ adequate t•¢tyds that are svffi)"ent to show and explain the ch8ritatAe comp8nYs transact￿$ and dis¢h)se writh reasonable accurw at any time the finanual Fw)silk)n of the ¢haritable rornpany and enat4e them lo ensure that the finamd stalements compty *ith the Companies Act 2VA. They arfj also responsiNe salEguardw Ihe assets of the chamab* crynpany and hvnca for tsthg reasonable steps for Ihe prevmticffi and delectifyl of fraud and o1herirreg￿rItseS. Small ¢omp•nt¢s pr•vlslon sw•m•nl This report h8$ been prepared m accordar*e *ith tho Smalcornpan￿ under Iho CL¥lyn￿5 Acl 2006. The annual roptyt Wds apwo¥8d ty Ihe tryst¢es of Ihe charity l.oo 8nd.',grKd on its be￿fty.. G Aill Company Secretary The Dudson Centre Indopendont Examinerfs Report to the trustees of The Dudson Centre ("the Companf) I rekx)n 19 the"i*arty Iiusle¢s ￿ my exarnfftakn of the XCO￿ts ol Company lor lh8.year ended 31 March 2022. Re$ponslbil•ties and ba818 gf r•port As the chaftV$ trustees of the Company land dso it5 Ily*t￿5 fvy purn)585 ol tThPgny lawl you am respDn$ible for the prtpar8kn 01 Ihe acCO￿ts in ￿CC￿ Ihe requifernents ol the CompwMe5 Act 2 Ilhe 2006Acl'l. Hamng sa11sf￿d my5811 that Ihè accounis of Tho Dudson cw• ar• roouired to bts audrtod vndw Part 16.of the 2006 Att and are for independent eumination. I repryt in rtspect of my examinatirffi of ywr chanvs accounts as carried wt under seckn 145 of the Chthes Act 2011 Ilhe 2011 AEt'I. In carwg out rny examination I have fOl*m￿ Ihe g¥¢rs by Ihe Charity Cornriw￿ ￿￿eT Seclic￿ 1445Mbl of Ihe 2011 Ind•p•nd•nt•x•mln*$ sl•t•m•nt I have tompleted my ey2rnmiion. I confffm Ihat no matters have come to my attention in C¢￿￿eCt￿)n the examinab' judgements have been rr*de 1nthg estimates ￿ the process of applymg the tharity5 ar¢wn￿"n9 pol*¢*s %￿lti the excepti￿) of Ihose disch)sed in the depr8ualw)n accounlry polKy. Th8 annual impaimen¢ remv of the (xrried ¢xrt by thr t￿leeS basad on the insurance v81uation. assumption5 concerning the future have 0 5igrMfrani ￿ ol causry malerial adjustnwt to the canying va￿e of assets aThJ liabilibEswithin Ihe nexi repNtirvJ pentyj. l *r￿OrnI￿ fesourees a￿ in￿￿ed ￿ the $wem￿l of financial afknts.es Ihe charty is entitted to the I￿om¢ and tho can b8 qUan￿"f*d wlh rea50nable accuraGy. Tho $PBrfr policie$ are applied to . ¢ategones 011r￿Orn8.' Voluntary income ts rewv•l by Tffay ol grants. thlnatiorts aThJ gifts 8nd is incjuded in fijll in the staterneftt of financial actimtses *tten r￿￿vable. Grants. efiliN¢ment is not ¢on¢ilK)n4 fm the delNery of a sp¢r perfom)ance by the charity. are recognised *then the ¢hanty uncmditionauy enlilled to the grjnt. Tk)nated serwices and facalities are induded at ihe valu8 lo the thanty %4lw) th$ can quantified. The value of s￿¢¢5 pwded by ￿￿untee{S has not been indtkl*1. Expendilu ExFenditure is inc&Jd•J cffj an acc¥uals b85E asa liabl￿Y 15 inr#Jrrtd. Pag• 8 The Dudson Centro Notes to the Financial Statements for the Year Ended 31 March 2022 Charitable expenditu￿ those r￿Sts irKyJrred by th￿lty in Ihe delNery of its ac*¥¢t* and 50rv* for it5 beneficiarie5. It indudes both costs Ihat can be a*xated dlrecty to such ar*¥Ai8s those costs of indirect nature reGessaryto support Ihem. Gov•m*netr ¢osts dudln9 aud¢ strat8w mar￿ement aTrJ tNstees's and roimbur5ed oNpen5•$. Taxation Tf* Charity is conswjered to pass Ihe tests sat oul in Parawaph I schedu￿ 6 of Ihe FInar￿ Act 2010 and theretre it meets the definiti￿} of a ¢haritatAe rmipafty UK coryab.cffi tax purposes. Acf>)rdingly. Ihe tharity 1$ exempt from tsxation in rospert of or ca￿181 gain$ r¢ceived caworie5 co¥8￿d by Chapter 3 Part 11 of Ihe Co￿ration Tax Act 2010 or Se¢b￿5 256 of the Taxation of Chwgeabb Gains A¢1 1992, 10 th8 extent Ihat such Ir￿Orne ￿ gal￿ are aF￿d eXdv￿Y lotharilatle PLwposes. 7angll)l• fi¥•d ass•ts Indi?￿dUal fixed 8ssets cosbThJ £1.OW or are rets)rded 81 ¢05t. D•pr•¢i#iion *MortI￿lI¢ Depreraalion 1$ provhled on langibl8 fixed a5S8ts so as to ￿te off ￿ cosi or valuation. ￿$$ wy esiunated residual value, t)ver thwr expected u$8fiJl ecJ)n¢JTrK lrfe as folrME.' ABS•t class ¥Jildings Fixlure$ and fittiN Depreclatlon m•thod and rate 8nnual impairnwl review by trustee8 20% strawht lim basi5 Cash and ¢a8h •quival•rrts Cash and ¢ash equivalents compw cash on h￿d cal <￿￿5￿￿. 8nd 0th6r $hort40fm hvjnty liquky invastments Ihai are readity COnw￿l￿￿ to a kr￿Tr amc4bnt of c*sh and ￿ subpd lo an in5ignifjcant risk of change in value. Trad• ¢r¢dl¢t>rs Trade creditor5 w• obl￿Sa￿¢ to pay fr* ¢Y 5¥￿¢￿$ Ih•t have been 8CqLbwed in the ordinary couw of business from SUPF4iers. Accounts payth are dassifi8d as Cu￿nt Ivdbilit*s if the charfty does not have an unconditional right, al the end of the repthTrJ pemd, to ¢Jefer setheM￿l ofthe crethlor lor at least Melve Month5 after the reptsrtsng dale. N there is an uncondilhMal rvjht lo defer sellJem8nt for at least mtsnih5 after the reporting date, they are presented as rth￿rren1i￿8bilII￿. Trade creditors ar8 recognised lTr￿a￿ al lh8 transacti￿ and subsequenty measured at amottrsed Cost usirwj Ihe effe¢b¥e interest melhG*J. Fund accountlng Unrestricted income lurth are 98nw* fw¥J5 th* ar• a¥adaL￿ tr use at Ihè trustees dIsuelb￿ kn futheranca of the objectives ofthe chanty. Dt$9nated ftJnd$ are unreslricted s¢t as•Je IxsFecik pupjses at thp diserekn ofthe IN$tees. Re5trthd income funds are those ¢SJnaled lor use ￿ a p¥h￿￿er area LY for ¥*ofic purp)sas, the use ol is r8s1rKt￿ to that *oa orpurFrfJse. P89e 9 The Dudson Centre Notes to the Flnanclal Statements for the Year Ended 31 March 2022 2 Incom•frorn don8￿￿n5 and hg¥¢t•s fvnds Des1gnai•d Restrfct fvnd$ Total fund$ Grnnts. irtdu¢Jing gr￿ts.. Grants from other ¢harit*s Other income from do[￿b.c￿5 and legac 18,0 18.000 25.0 25,IXX> Total 2022 25.0 18.C 43,000 Totsl lor 2021 25.WXI 35.757 60.757 3 Incom*from ¢haTilabl¢ •ctTr¥ltl*s Urtr•¥trict*d fvnds G•ntrnl Toi•l fvnd• R8Thts and in￿rar￿$ 8,254 8.254 Total for 2022 8,254 8.254 Total lor 2021 8.037 8,037 4 Exwndilur* on Cl￿11¥bI0 •¢t5vkn8 Rtstrlct•d fvnds Total fund• De81gnatgd G•n¢r41 Preservaticfi ofThe Centr8 . Governan¢t Costs 5.624 18.IK*) 53.146 763 T¢)tal lof 2022 29.522 6.387 18.000 53,909 70t•l for2021 18.167 10.514 45.757 74.438 5 Gov•manc• ¢osts UNrestrirt•d fvnd$ Gon•wJl Totsl fvnil Independent exarninerfees Examination of Ihe financd stAtem 763 763 Total for 2022 .763 763 Total for 2021 720 720 Page 10 The Dudson Centre Notes to t￿ Financial. Statements for the Y•ar Ended 31 March 2022 6 Yrust•es remunerallon and expen5•8 trust88s, nor any p¢rscrt I￿#¢¢1¢d Mih lkn. ha* recwed ary from Ihe tharity durirvd the No tru$tees ha¥e rec8Ned arry eynses u ￿¥•2therb￿efits frm the Chwity during Ihe yèar. 7 T￿9￿bIg Ilx•d Land and buildln FumFtur* and qulpmert Total Al 1 Apnl 2021 2.408.519 39.588 2.448,107 At 31 2022 2.408.519 39.588 2.448.107 D•prn¢iatlon At 1 April 2021 1.121.042 39.588 1.160.630 At 31 March 2022 1,121.042 39.588 1,160,630 NEt bp¢kvalu• At 31 Mwch 2022 1.287.477 1.287.477 At 31 Mwch 2021 1.287,477 1.287.477 D•btois 2021 ¢rLnd income 25.000 9 fAsh •nd c•sh •qul¥ahnt8 2022 2021 Cash at bank 116,794 79.818 Page11 The Dudson Centre Notes to the Financial Statements for the Year Ended 31 March 2022 .10 Cr¢d*orn: amwnts lalllng du•wknln ￿n•￿ar 2022 2021 Trade eJedrt¢ys AcCn￿5 14, 750 72S 15.356 725 11 R•latsd party tran8aCtlons During the Yeart￿ etharity m* tsftiknTng rd818d pwty tr￿58¢￿￿ VAST Ser¥ices119201 IVAST sery￿s(l920) Is a mernberofThe Dudson Centrel In Il's role as head tenant ofthg Dud%x) Centre VAST SeNts$119201 cc4lects seNts tharges from sub lanants %%thi¢h include an an￿￿nt to fund the upkeep and maInter￿(* of Ihe FW*rty. During the year £25,00012021 £25,000) was received from VAST SeNces119201 a5 a to the I*sv3nated luThJs in ￿SPect of Ihis. £8,254 was 8150 receivabl8 for rent aod inswance1202J £8,037). In add￿0Th in 2022 £nil w88 paid lo VAST Ser¥ices119201 as a to Ihe runnirg ¢osts of Th? Dudson Museum 12021 £10,000) aTrl £18.0(WJ was p•J towards the nJnrArvJ w5ts 01 The tkn$on Centre 12021 25.7571. At the balance sheet date the am(￿ ¢Ju8 lollrom frDm VAST Serric8s 119201 vB$ £Nil 12027 _ £25.0001. 12 CoJ*o1 R•la15onshlp The Chwity 1$ C0ntrd￿d bytha Trustses. 13 Funds Balatr￿ at 1 Awll 2021 8alanco al 31 Al•￿h 2022 UThr•strletsd funds G•nero1 Gweral Fund5 9.280 8.254 16.3871 11.147 Deslgnaled D¢signat*J Fund5 94.813 29,522 90,291 104.093 35,W9 101.438 R•strtcted lunds Capl* Reserve stOke-on.T￿nt Cty Cwncal 1.287.477 1,287,477 18.orA) 18,000 Totsl r•strIct￿l fvnds 1.287,471 18.C(Kl 18.000 1.287.477 Totsl lund8 1,391.570 s3,￿9 1,388,915 Page 12 The Dudson Centre Notes lo the Flnanclal Statements for the Year Ended 31 March 2022 Comyr•Uve Itrforffl•Uo Balanc• at 1 Incomlng R•$0ur¢•s Balart¢• at 31 lar¢h 2Q21 Unrestrfcl•d funds Gen•ral Generdl Funds 11,757 8.037 110.5141 9.280 De$lgnatod Designated Fund$ 87.9BO 25,LMIO 16.167 94.813 Total unrosfrfclod funds. 99,737 33,037 28.881 104.093 Restrictsd Capital Reserve Th? Community F<*Jndaix)n k)r Staflordshire Awards forAJ Stc&&on-Tr8nt Cty Counc 1287,477 1.287,477 10.C 110.000) 110.OWI 2S.757 10.rx 25.757 Total rnstrbct•d funds 1.297,477 45,757 1.287,477 Tot*llund8 1,397.214 74.438 66.794 ￿ 1.391.570 The ¥pecffjG the hJr*ts are KJ b¢ appw *¢ as folo*3". Ca￿101 Reserve Th8 Capllal Reserve repre58nts the cost of the treehc*J l•*Y arwj tANkJK*>1gss to date. StOke￿n-T￿￿( Cty Coun The Stoktron.T￿nl cty CourKI fund 4$ emeryenrygrants¥e•¥ed lor th8 njnnrg of Th• ¢entr• thil• it was forced to dose due to COVID 19 pandeffl¢ De$ign*W Funds are f￿'the upkeep and mwnier0rKe of Ihe m¥ty. Ewnditure from the d*$ignated funds 1$ ' planned based a sthedule ot repair5 and rnatntenance arKI a ¢*ulab￿l ol Ihe sinkin9 fund tithlioh from VAST SeNces119201 e8c* year is made based on Ihis Flan. 13 Tho Dudson Centre Notes to the Flnancial Statements for the Year Ended 31 Mareh 2022 14 Analy818 of netassets b•twe¢n lynds Total funds at 31 IlaY¢h 2022 Unr¢striGt¢d fvnd G•neral D•slgn¥l RÈstrictsd fvnd$ Tangit4e fixed assets Cuffen¢ 8SS8ts CuTrant liabllities 1.287.477 1287.4Tf 102.188 750 11,897 9)291 Totsl r￿t assets 90291 1,287.477 1.388.915 Totsl funds at 31 March 2021 Unr•strlct•dfimd8 fun Tangible fixed assets Current assets Current liabilit 1.287.477 1.287.477 104.818 725 lo.c￿5 94,813 Tow net assets 9.280 94.813 1287.477 1.391.570 Yhe Charity i8 cantrclled by the Tnjslees. 15 Op•ratlng l¢a5e commllrn•nls- le$￿¥r The toial valu8 offijlure mfinimw lease payments rec8ifftl was as folkxs.. 2022 2021 Wilhin one year In io five year5 In Overfl￿ yea 3,252 13,C4)8 54.032 13.(X 50.780 67.040 70.292 16 Charlty 8talu8 The charity is a rharrty knited by guarantee 8nd tjoes not ha¥e share caimtal. Each of the Iwslees is liable to cty11ribu￿ an omount not exceeding £10 towards the assets of the ¢haThty in the event ol it be %￿Und up whth he or she is a Member￿ writhn on8 year aftei he crf She ceases to be a member. The address of its rogi51ered offi¢* is". Hope Street Ha￿eY sloked0n-T￿nt Staffordshire ST5 10D Page 14