2023-03-31-accounts

Registered	charity	name	name	Newhampton	Arts Centre
Charity registration		number		1066687
Company	registration		number	03340600
Registered	office			Dunkley Street
				Wolverhampton
				West Midlands
				WV1 4AN
Trustees/Directors				J M Barrow (resigned 14.3.2023)
				RIAshweg
				KFraser
				M Cartwright
				CShelton
				R Harvey
				RTaylor
				FRichings
				0Kerr
				SPallan-Jhali
				W Stephens
				TRoden
Company	secretary			TWright
Accountants				Daw White Murrall
				Chartered Accountants
				1George Street
				Snow Hill
				Wolverhampton
				WV2 4DG

Report ofthe Trustees
Independent Examiner's	report
Statement ofFinancial Activities
Balance Sheet
Cash Flow
Notes tothe financial statements

nduding Income and Expenditure Acco OR THE YEAR ENDED $1MARCH 202$	unt)
	Notes	Unrestricted	Restricted	Total Total 20232022
		E	6	E	E
INCOME AND ENDOWMENTS FROM:
Donations and legacies		4,070		4,070	6,956
Charitable activities
Grants		183,312	72,438	255,750	375,919
Earned income		306,707		306,707	217,162
Other income		1,737		1,737	825
Investment income		251		251	256
Total income and Endowments		496,077	72,438	568,515	601,118
EXPENDITURE:
Charitable activities:
Direct costs		87,224	112,296	199,520	166,287
Supportcosts		469,098	18,772	487,870	451,598
Raising funds		4,200		4,200	10,728
Total Expenditure		560,522	131.068	691,590	628,613
NET INCOME/(EXPENDITURE)		(64,445)	(58,630)	(123,075)	(27,495)
Transfers between Funds		(2,663)	2,663
Fund balances at 1April 2022		319,670	119,495	439,165	466,660
TOTAL FUNDS CARRIED FORWARD AT$1
MARCH 202$		252,562	63428	316,090	4$9,165

	Notes	2023	2022
		E	E
FIXEDASSETS
Tangible assets	10	58,429	65,374
CURRENT ASSETS
Stock	11	1,978	2,866
Debtors	12	50,227	23,824
Cash at bank and in hand		250,881	409,179
		303,086	435,869
CREDITORS
Amounts falling due within one year	13	(45,425)	(62,078)
NET CURRENT ASSETS		257,661	373,791
TOTAL ASSETSLESSCURRENT LIABILITIES		316,090	439,165
FUNDS
Unrestricted funds	15	252,562	319,670
Restricted funds	16	63,528	119,495
TOTAL FUNDS		316,090	439,165

				Notes	2023	2022
					E	E
Cash provided by operating activities				a	(155,187)	(32,291)
Cash flows from investing activities:
Interest income					251	256
Purchase oftangible fixed assets					(3,362)	(25,472)
Cash provided by/(used in) investing activities					(3,111)	(25,216)
Increase/decrease in cash and cash equivalents		in	the year		(158,298)	(57,507)
Cash and cash equivalents at the beginning ofthe			year	b	409,179	466,686
Cash and cash equivalents at the end ofthe year				b	250,881	409,179
a Reconciliation ofnet income/(expenditure)			to net cash flow from		operating activities
					2023	2022
					E	E
Net (expenditure)/income forthe year		as per the SOFA			(123,075)	(27,495)
Adjusted for:
Depreciation					10,307	9,478
Loss on fixed asset disposals
Investment income					(251)	(256)
(Increase)/decrease in stock					888	(2,866)
(Increase)/decrease in debtors					(26,403)	(15,577)
Increase/(decrease) in creditors					(16,653)	4,425
Net cash provided by operating	activities				(155,187)	(32,291)
b Analysis ofcash and cash equivalents
					2023	2022
						E
Cash at bank and in hand					250,881	409,179

DONATIONS	DONATIONS	ANO	ANO	LEGACY INCOME
				Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2023	2022
				E	E	E	E	E
Fundraising and	donations			4,070			4,070	6,956
				4,070			4,070	6,956
3. GRANTS RECEIVARLE
				Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2023	2022
				E	E	E	E	E
The Co-op								11,045
D'Oyly Carte Charitable			Trust					3,000
Arts Council England				183,312			183,312	268,061
Wolverhampton	City Council							25,000
GRS Funding								6,162
Esmee Fairbairn								28,757
Roger &Douglas	Turner		Trust					2,000
HAF						15,210	15,210	8,154
Paul Hamlyn Trust								15,620
Postcode Neighbourhood				Trust
James Beattie Charitable				Trust
Edward and Dorothy Cadbury Trust
Rolands Trust
LCEP						6,135	6,135	8,120
Eveson Trust						15,001	15,001
Garfield Weston	Foundation					15,000	15,000
YESGrant						6,638	6,638
ArchitecturalHeritage		Fund				10,679	10,679
Wolverhampton	College					3,775	3,775
Children in Need
				183,312		72,438	255,750	375,919

. EARNED	INCOME
		Unrestricted	Designated	Restricted	Total	Total
		Funds	Funds	Funds	2023	2022
		E	E	E	E	E
Rental income		91,111			91,111	54,500
Theatre and room hire		104,976			104,976	85,845
Show income		64,247			64,247	52,156
Workshop income						23
Bar and vending	machine income	46,373			46,373	24,638
		306,707			306,707	217,162

			306,707			306,707	217,162
5.	OTHER	INCOME
			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2023	2022
			E	E	E	E	E
Miscellaneous		income	1,737			1,737	825
			1,737			1,737	825

NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2023	NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2023	NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2023	NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2023
6. COST OF OPERATION OF THE ARTS CENTRE
			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2023	2022
			E	E	E	E	E
Direct Costs
Show costs			52,291			52,291	42,886
Workshops			2,264		112,296	114,560	95,550
Catering and bar			20,345			20,345	11,553
Printing and publicity			12,324			12,324	16,298
			87,224		112,296	199,520	166,287
Support Costs
Staff costs			300,291			300,291	254,955
Training and recruitment			900			900	436
Office costs and	administration		4,321			4,321	2,434
Rent
Rates and water			11,376			11,376	21,614
Light and heat			34,569			34,569	33,819
Insurances			2,608			2,608	2,513
Maintenance of	premises		21,168		14,454	35,622	32,871
Cleaning			62,449			62,449	57,081
Licenses and affiliations			1,967			1,967	566
Telephone and broadband			1,587			1,587	1,630
Travel and entertaining			690			690	98
Bank and credit card charges			2,219			2,219	1,333
Miscellaneous expenses			12,944			12,944	12,577
Legal and professional		fees	2,600			2,600	16,878
Accounting fees			3,420			3,420	3,315
Depreciation			5,989		4,318	10,307	9,478
			469,098		18,772	487,870	451,598
Total Operational	Costs		556,322		131,068	687,390	617~
7. FUNDRAISIN6
			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2023	2022
			E	E	E	E	E
Fundraising expenses			4,200			4,200	10,728
			4,200			4,200	10,728

			2023	2022
			E	E
Wages and	salaries		277,850	237,377
Employers	national	insurance	12,815	11,5&0
Employers	pension	contributions	6,521	5,998
			297,186	254,955

		Fixtures,	Computer
		Fittings &	Equipment	Total
		Equip	E	E
		E
Cost
At 1April	2022	110,905	9,893	120,798
Additions		1,250	2,112	3,362
Disposals
At31March 2023		112,155	12,005	124,160
Depreciation
At 1April	2022	46,858	8,566	55,424
Charge forthe year		8,682	1,625	10,307
At31March 2023		55,540	10,191	65,731
Net BookValue		56,615	1,814	58,429
At 31March 2023
At31March 2022		64,047	1,327	65,374
11. STOCK
				2023	2022
				E	E
	Bar			1,978	2,866
	Vending machine
				1,978	2,866
12. DEBTORS
				2023	2022
				E	E
	Trade debtors			26,887	18.694
	Other debtors and prepayments			23,340	5,130
				50,227	23,824

		2023	2022
		E	E
Trade	creditors	4,739	24,078
Taxes	and social security costs	3,590	3,460
Other	creditors and accruals	37,096	34,540
		45,425	62,078

	General
	Fund
	E
Balance at 1April 2022	319,670
Movement in funds for the year	(64,445)
Transfers between funds	(2,663)
Balance at31March 2023	252,562

	Balance at	Incoming	Resources	Transfers	Balance at
	1April	Resources	Expended	Between	31March
	2022			Funds	2023
	E			E	E
The Co-op- tent	23,286		(4,018)		19,268
Arts Council England	21,182			(21,182)
ACE CRF 2	4,842			(4,842)
Garfield Weston		15,000			15,000
Foundation
YESgrant		6,638			6,638
Roger Ik Douglas					2,000
Turner CT
HAF		15,210	(14,877)		333
LCEP		6,135	(6,135)
Esmee Fairbairn	46,290		(74,977)	28,687
Eveson Trust		15,001			15,001
Architectural		10,679	(10,679)
Heritage Fund
Wolverhampton		3,775	(3,775)
College
D'Olye Cart	2,700		(300)		2,400
Children in Need	9,250		(9,250)
StartArt	9,945		(7,057)		2888
	119,495	72,438	(131,068)	2,663	63,528

	Restricted	Designated	Unrestricted	Total
	Funds	Funds	Funds
	E	E	E
Fixed assets	31,010		27,419	58,429
Net current assets	32,518		225,143	257,661
Total	63528		252,562	316,090