CHARITY REGISTRATION NO: 1061163 coMpAt¥Y REGIMATION NO: 1332399 42 ARUN ARTS COMPANY LIMITED (A Company LS.mited by Guarantee) REPORT OF THE UIRECTORS ND FINANCIAL STATEMEtlf8 FOR THE YEAR ENDED 31ST AUGUST 2024 Arun Arts Company Llmlted IA Company Llmlted By Guarantee) Content5 Of The Financial Statements For The Year Ended 31st August 2024 Page CDrtÉnt5 page Company Inf ormatlon DlzectOZs' report statement of f inancial activitie5 Balance sheet Notes to the flnanclal statements 10 19 Independent examlner s report on the account3 20 21 Arun Arts Company Limited Company Inf ormation CHARITY NUMBER: 1061163 COMPANY NUMBER: 3239942 ISY SEPTEMBER 2023 END OF FINANCIAL YEAR: 31ST AUGUST 2024 DIRECTORS AT 31ST AUGUST 2024: K.A BENNETT (Chairman) P.F. BALDWIN BARKES ETHERIDGE GATTRELL THOMPSON (resigned 9th January 2024) WEBB (appointed 1st August 2024) COMPANY SECRETARY: REGISTERÈb OFFICE: REGI S UENTRE BELMONT STREET BOGNOR REGI S WEST SUSSEX P021 IBL DA TE OF I NCORPORATI ori.. 20TH ALIGUST 1996 GOVERNING DOCUMENT: MEMORANDUM AND ARTICLES OF ASSOCIATION OF 17TH FEBRUARY 2011 ACCEPTED BY COMPAt4iES TrtOUSE 12TH SEPTEMBER 2011. BANKERS: CAP BANK 25. KINGS HILL AVENUE KINGS HILL WEST MALLING KEt4f . t4Ei9 4Ju CCOUNTANTS: PETER BALDWIN & CO 57, MARSHALL AVENUE BOGNOR REGIS WEST SUSSEX P021 2YR OBJECTS la) To advance the educatlon OE the public in Bognoi Regis and t.he surrounding area in drarna and other performing arts. (b) To promote the benef it of the inhabitants of Bognor Regis and suriounding area by the provision OE fdcilities in the interest of social welfare for recieatiori licable to eamall companies. SMALL COMPANY SPECIAL PROVISiutis This report has been prepared in accordance with the special provisions 0£. the Companies Act rélaEing to small coinpanlés. By Order 0£. the board Mrs Kathryn Bennett Cl),I l EThaii on behalf of the members and Trustthes of Arun Arts Company Limitpd 27th Julie 2024 Arun Arts Company Limited (A Company Llmited By Guarantee) statement 0£ Financlal Activlties For The Year Ended 31st August 2024 incorporating income and expendi£uré accounE 12 ]Bonths to 31st August 2024 CURRENT YEAR Unrestricted Funds Re5tiicted Funds Total Notes INCOMING RESOURCES Incoming Resources f ro￿ Generated Funds Voluntary income 43,766 43,766 Activitie5 f or Generating Funds 3b 1,326 1.326 Incoming Resourcea fro Char I table Souzces 3c I￿AL I1￿ThI1￿G RE￿￿* RESOURCES EXPENDED Costs of Generating Funds CD5t5 Df GEn2rating Vol untary Income 4a 1.781 1,781 Charitable Activities 4b 68.987 68.987 Governance Costs 4c 9.701 9,701 TWAL RESt)IJReES EXPElfDEf) 80.469 80,469 NET INCOMING I OUTGOING) RESOURCES (35.3771 (35,377) NET INCOMING I OUTGOING) RESOURCES (35,3771 (35,377) TOTAL FUNDS BROUGHT FORWARD 13.157) 2,220 (937) TOTAL FUNDS CARRIED FORWARD (38.534) 2,220 (36,314) Moveme.nt3 on all reserves and all recognised gains and 1055es are shown above. All of the organi5ation's operations are classed as continulng. The notes for¥0 an integral pazt of these financial stateme37ts. Arun Arts Company Llmlted (A Company Llmlted By Guarantee) sÉatemenÉ vf Financial Activitie5 For The Year Ended 31st August 2024 Incorporatlng incoine and éxpenaituie accounE 12 months to 31st August 2023 Unrestr icteLR Fund5 PREVIOUS YEAR Restricted Funds Total Notes INCOMING RESOIIRCE I ncom irig Resources f rom Generated Funds Voluntary income 3a 2,158 2.158 Activities f DT Generating Funds 3b 320,181 481 J20,662 Incoming Resources f ro Char itable Sources 3c YtyrAL INC¥)MING Rh'stil￿[ ES J2z,8215 RESOURCES EXPENDED Costs of Cenerating Funds C05ts tsEneraEing Voluntary Incorne 4a 9,604 9,604 charitr.able Actlvities 4b 271,650 271,650 Governance Costs 4c 86.664 86,664 TOTAL RESOURCES EXPENDED 367.918 367.918 NET INCOMING ( OUTGOING) RESOURCES (45,579) 481 (45,0981 MOVEMENT ON RESERVES NET INCOMING ( OUTCOING) RESOLIRCES NET INCOMING RESOURCES IN YEAR (45,579) 481 145,098) TfyfAL FtrfriDS FOR WARD 1,739 44,161 TCiTAL FUNDB CARRIED" FORWARD 13,157) Movements on all reserves and all recogni5ed gains and losses are shown above. All of the oLganisation's operations are classed as continuing. The notes form an integral part of these flnancial staternents. Arun Arts Company Limited (A Company Limited By Guarantee) Balance Sheet A5 At 31st August £024 2024 2023 Un Un Restricted Restricted Total Restricted Restrictea Total r uiid5 F￿n05 Funas £ Notes £ Plxed Assets Tanglble assets 13,473 13,473 35,535 Current ABsets stock Debtois 5,781 Cash at bank and hand 14,397 4, 000 5,781 16,617 4,000 5, 522 36,362 2.220 34.142 2,220 20,178 2.220 22,398 43,664 2,220 45,884 Creditors Amounts falling due within one year 40,627 40,627 44,863 44,863 Net Cuirent Assets Iio ?ryo! 11,199) Total assets le3s current Ilabllltles (6,976) Creditors Amounts falllng due ez Je-az 2,220 (4,756) 34,336 2,220 36,556 21 Net Assets (38,534) 2,?20 (36,314) (3,154) 2.290 (934) Funds 0£ the Chailty General Funds (38,534) ()8,534) (3,154) (3,154) Restr Icted Funds 2,220 2,220 2,?.20 2.,220 otal f unds (38,534) 2,220 (36,314) (3.154) 2,220 934 The notes form an integral part of these financial statements Arun Arts Company Limited (A Company Limited By Guarantee) Balance 3heet ( continued J As At 31st August 2024 Direutor s statements required for the year ended 31st August 2024 In approving these financial statements as director of the coNÈpany T hereby cohfirm: For the year endlng 31st August 2024 the company vas entitled to exemption from audit uiider section 477(2) of the C02llpanles Act 2006. Tho members have not required the Lompariy to obtain an audit in accordance with section 476 of the Companiés Act 2006. The dlzectors acknowledge their responsibil Ities f or (l) ensuring that the company keeps accounting records which comply wlth sectlDn 306" dnd (li) preparlng accounts whlch give a true and fair view of the state of affaiKs of the cokTrpany as at the end uf tlie flnancial yèar,ana ot its prof It or loss for the financial year in accordancg with the requIrements of Section 393 and whlch otherwise comply with the requirements of the Companles Act relatlng to accounts, so far as applicable to the company. The accounts have been prepazed in accordance with the special provisions L)£ Lyle Conipanies Act relatlng to small companles and in (IC'LOLdance wit-h the Financial Reportlng Standard for Smaller Entities (effectlve 2008) These financial statements were approved by the Board on and were signed on Its behalf by K Bennett TrusFee/Director The notes foEm an integral part of these financial statements Arun Arts Company Llxited (A Company Limlted By Guaranteel Note3 to The Financial Statemenr5 For The Year Ended 31st August 2024 l Accounting Policies l. l. Accounting conventlon The financial statements have been E)repared under the historical cost convention and in aceoroanre yith the Financial Reporrin9 Jtanddid £01 Smaller Entities (effective 2008) INCOMINC RESUURCts 1.2 Recognition of Incomlng resources These are included in the Statement of Flnancial Actlvltles ISOFA) when the charity becomes entitled to the resources" the DiKectors are Virtually ceztairi t'hey will Teceive the iebouzce5: and the monetary value can be measured vith suff icient reliability. 1. 3 Incoming Resources with related expendlture Where incorning resources have related expenditure (a5 wlth fundraislng or contract Income) the incoming resource and related expenditure are reported gr055 in the SOFA. 1.4 Grants and tionations These are only included in Lhe SOFA when the charity has uncondltlonal entitlement to the resources. 1.4 Tax reclaiffis on DDnatlons ano Gift5 Incomlng resources from tax claims are included in the SOFA in the same f iriaricial period as thé qiEt to which they relate. 1.5 Contractual Income and Performance Related Grants Thls Is only included in the SOFA once the related goods or services ha5 beeii deliverea. 1.6 Clffs ln kind Gifts in kind are accounted for at a reasonable estimate or the arnount actually realised. Gifts in kind for sale or distribution are Included in the accounts as gifts when sold or distrlbuted by the charity. Gifts in kina ror use Dy the chariry are included In ihe bObA as incorning resources when receivable. 1.7 Donated Services and Facilities These aie only included in incoffiing resources (with an equivalent amount in resource5 expendedl where the beneflt tD the charity is reasonably quantitiat)ie, mea5uzaDle an(1 Traterial. f'he valup placed DIJ these resources Is the estimated value to the charity of the service or taclllty receiipéd. 1. 8 Volunteer Help The value of any voluntary help received Is not includeL1 in the accDnnts bat is desr£ibetl in the DiiectOL'S annual repoLI. 1. 9 1nvésEinènE Incorrie This is included In the accounts when receivable. 1.10 Investment ga&ns and losses. This inclufled any gain or loss on the sale of investments and any gain 01 1055 ie5QltintJ from ievaiolng 'tD lltazket value dt the year ¥nd. 10 Arun Arts Company Llmlted (A Company Limited By Guarantee) ore5 To Yhe Financial Staternent5 For The Year Ended 31st August 2024 EXPENDITURE AND LIABILITIES l. 11 Liability iecognitlon Llabilitles aie recognised as soon as there is a legal or constructlve Dbilgatlon coThThltting the chaTlty tu pay Dut ie50'oIces. 1. 12 Governancé costs Include costs of the preparation and examinatlon of statutory accounts, the costs of the Directors, meeting> and cost of any legal advice to Di rectois on governance or const itutional matter5. 1.13 Changes In Accounting policies and prevlous accounts Tliele has beèn iio cliaiige Eo Ehe accounting pollcleb Ivariation rules and Thethods of accountlngl since last year and no changes to the previous accounts. Details of circumstances concerning the accountlng period is aisclosed in note 10 of the accounts. 1. 14 Grants payable vithout perf ormance cond itlons these are only ieLogriised iri the accounts whén a collimiEmériE Fids bèen made and there are no conditions to be met relatlng to a grant which emain in control of the charity. 1. 15 Support Cost5 Support costs include central functions and have been allocated to activi£y LiisI- iategoriés on a ba515 consistent wlth the use of the resources eg allocaling pioperty costs by floor areas or per caplta, staff costs by the tlme spent and other costs by their usage. 1.16 Yanylble fixed a5set5 for use by the charity and depzeciation These are capitalisea if they can be used for more tFian one year, and cost at least. £1,000. They aiè Vdlue4] cit cotst OÈ if gil.t*d, at the value to the chaiity on receipt. Depreciation is provided at the following annual rates in order to write off each asset Dver it5 estiTrarea n5Efui Ilte. Fixtuie5, f ittings a legal requirement that funds received be uscd for the purp05e5 Teceived and trustee5 can be required personally to repay any rnonies if such funds are used for other purposes. DEBTORS AND PREPAYMENTS Debtors including that in restricted funds. 2024 2023 Trade Debtors Prepaynients 4,672 I,ID9 4,413 I,ID9 5,781 5,422 CREDITORS AND ACCRUALS AMOUNTS FAiknlrfG DUE WITHIN ONE YEAR Unrestr icted RestflL'ted Total Fund Fund As at 31st August 2024 Bank loan Txade cIeclitors Accountancy and audit fee5 Perf orming rights socieEy Taxation Theatre receipt5 received in advance Wages 4,167 17,884 j 10.146 4,167 j I,t$64i 10,146 3,800 30, 398 30, 398 40,627 40,627 As at 31st August 2023 Bank Loan Trade cxeditors Accountancy and audit Éee5 Taxation heatre recelpts received In advancé 4,167 2,725 IC,142 (734) 4,167 2,725 (734) 28,563 44,863 44,863 CREDitORS AND ACCRUALS AMOUtItS FALLItIG DUE AYTER OIqE YEAR Unrestricted Restr icted Total As at 31st August 2024 Bank Loan 31.558 31,558 As at 31st Auqust 2023 Bank Loan 37,490 37,490 17 Azun Arts Company Llmited (A Company Limlted By Guarariteè'j Notes To The Financlal Statejuents (contlnued) For The Year Ended 315t August 2024 SfAFF COSTS AND NUMBERS 2024 2023 Gross Wages and Salaries Employezs Nati onal Insurance Costs Penslon Contributions 11,656 6,926 3,661 2.472 14,128 119,102 Employees who were engaged in each of the followlng activities.. Costs of generatirlg f unds/f und raising Avtivi.tipg in furtherance of organisation 5 objects Suppoit in<3 programstte5 14.128 IIQ 102 14,128 119,102 The charity employs a number of unpaid volunteers, the value of any voluntary help is described in the directors annual repoit. No employee received emolument5 in exLes5 or È6u,OOu. S-tarf are paid rhrougii thc pA￿E system. DIRECTORS AND OTHER RELATED PARTIES 2024 2023 Number of Directors who weie paid expep.ses TuEal aitioufit pa ia 10. ACCOUNTING PERIOD Theove accounts have been drawn up to cover the full year ended 31st August 2024. The comparitive year was for the year ended 31st August 2023. 18 Arun Arts CoThpany Llmlted (A Compafty Llithitéd By Guatant2e) Notes To The Financial Statements (conttnuedl Foi The Yeaz Ended 31st August 2024 11. RISK ASSESSMENT The director5 actively review the major risks Which the charity faces on a regular baois arAd belleve that maintairiini3 the fLee reserve stated, combined with the annual review of the controls over key f inancial systems carried out on an annual basis wlll provide suff icient resources in the event of adverse condltions. The directoIs Ii%lVe al4iU examiiieu OtILvI opeidtionaA aiid E> Li5kb which they face and confirm that theg have established systems to itig'ate the signif i¥ant Iloko. 12. RESERVES POLICY The airectols have considered the level of reseive5 they wish to ietdin, appEDpriaLe tD Ehe chazity'5 need>. Tliib Ib b¢aaed on the chaiity's size and the level of financial commitments held. The direi'toLs aiThi to erlsuie tAie chaiity will be able to c'ontiiiue to fulfil its charitable objectives even if there is a temporary shoi'tfall in incoTre or unexpeo'ted expenditure. The directoxs will endeavour not to set aside funds unnecessarily. 19 ## ns i ‘ CHARITY COMMISSION Independent examiner's FOR ENGLAND AND WALES report on the accounts ## Section A Independent Examiner’s Report Report to the trustees/ | “° members of | Arun Arts Company Limited On accounts for the year ended 31st August 2024 **----- Start of picture text -----**
Charity no
(if any) 1061163
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| report to the trustees on my examination of the accounts of the above charity (“the Trust’) for the year ended 31st August 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: e accounting records were not kept in accordance with section 130 of the Act or e the accounts do not accord with the accounting records | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply. ## Name: Relevant professional | Bookkeeper for 20plus years and once member of the ICB qualification(s) or body (if any): IER 1 October 2018 Section B ## Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER 2 October 2018