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