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|Directors and other information||
|Trustees'
annual
report|2-5|
|Independent
examiner's
report||
|Statement ofcomprehensive
income||
|Statement offinancial
position|8-9|
|Statement ofchanges
in equity|10|
|Notes to the financial statements|11-14|
|||Strange Cargo Arts Company|Strange Cargo Arts Company|Limited|
|---|---|---|---|---|
|||Company
limited|by guarantee||
|||Directors and other information|||
|Directors|ITrustees|Terry Perk|||
|||Gary Bourne|||
|||Nicholas Varian|||
|||Len Mayatt|||
|||Jennifer Thatcher|||
|||Sally Hough|||
|||Anthony
Downey|||
|||John Joseph Charlesworth|||
|Secretary||BOrasinski|||
|Company|number|3066271|||
|Charity number||1066396|||
|Registered|office|43The Factory|||
|||Geraldine
Road|||
|||Folkestone|||
|||Kent|||
|||CT194BD|||
|Business|address|43 The Factory|||
|||Geraldine
Road|||
|||Folkestone|||
|||Kent|||
|||CT194BD|||
|Accountants||PG Lemon LLP|||
|||134High Street|||
|||Hythe|||
|||Kent|||
|||CT21 5LB|||
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|||||Statement of|comprehensive|income|||
|---|---|---|---|---|---|---|---|---|
|||||Year ended 31 March 2023|||||
||||||||2023|2022|
||||||Note||||
|Turnover|||||||135,060|155,707|
|Cost ofsales|||||||(91,986)|(56,385)|
|Gross profit|||||||43,074|99,322|
|Administrative||expenses|||||(71,619)|(75,082)|
|Operating
(loss)/profit|||||||(28,545)|24,240|
|Other interest|receivable||and similar income||||402|10|
|(Loss)/profit|before taxation||||||(28,143)|24,250|
|Tax on (loss)/profit|||||||||
|(Loss)/profit|for the financial|||year and total|||||
|comprehensive||income|||||(28,143)|24,250|
|All the activities||ofthe company are from continuing|||operations.||||
|||Strange Cargo Arts|Strange Cargo Arts|Company|Limited|||
|---|---|---|---|---|---|---|---|
|||Company|limited|by guarantee||||
|||Statement|offinancial position|||||
|||31 March 2023||||||
|||||2023||2022||
||||Note|8||8||
|Fixed assets||||||||
|Tangible assets|||8|185,589||186,156||
||||||185,589||186,156|
|Current assets||||||||
|Stocks||||700||660||
|Debtors|||9|2,016||3,151||
|Cash at bank and|in hand|||74,840||99,175||
|||||77,556||102,986||
|Creditors: amounts||falling due||||||
|within one year|||10|(8,923)||(6,777)||
|Net current assets|||||68,633||96,209|
|Total assets less|current liabilities||||254,222||282,365|
|Net assets|||||254,222||282,365|
|Capital and reserves||||||||
|Profit and loss account|||||254,222||282,365|
|Members funds|||||254,222||282,365|
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|||Profit and|Total|
|---|---|---|---|
|||loss||
|||account||
|At 1 April 2021||258,115|258,115|
|(Loss)/profit for the year||24,250|24,250|
|Total comprehensive|income for the year|24,250|24,250|
|At 31 March 2022 and|1 April 2022|282,365|282,365|
|(Loss)/profit for the year||(28,143)|(28,143)|
|Total comprehensive|income for the year|(28,143)|(28,143)|
|At 31 March 2023||254,222|254,222|
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|Analysis ofcost|ofprojec|ts||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|E|
|Gravesend
Light|Festival|||7,971|12,135|
|Core expenditure|-Cheriton|Light Festival 2020|||942|
|Core expenditure|-Cheriton|Light Festival||82||
|Core expenditure|-Guidebook||Turner Prize|141|1,011|
|Core expenditure|- Other|||430||
|Core expenditure|- Chari Vari||2021|(41)|6,594|
|Core expenditure|- Chari Vari||2022|30,754|936|
|Core expenditure|- Chari Vari||2023|1,147||
|Core expenditure|- Romney|Marsh Guidebook|||14,108|
|Core expenditure|- Gravesend||Light Festival 2021|||
|Core expenditure|- Factory|Works||4,425||
|Core expenditure|-Bag of Doings||||2,015|
|Core expenses -|Otterpool|Project||6,251|8,456|
|Resident Platform||||18,491|9,369|
|Age UK|||||749|
|EMSTS Romney|Marsh|||11,835||
|Leas Lift||||8,725||
|EMSTS Dover||||1,815||
|Total||||92,026|56,315|
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||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Depreciation|oftangible|assets|567|757|
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|8.|Tangible assets||||||
|---|---|---|---|---|---|---|
||||Freehold|Plant and|Fixtures,|Total|
||||property|machinery|fittings and||
||||||equipment||
||||||L'||
||Cost||||||
||At 1 April 2022 and|31 March 2023|183,883|61,153|49,237|294,273|
||Depreciation||||||
||At 1 April 2022|||60,997|47,120|108,117|
||Charge for the year|||39|528|567|
||At 31 March 2023|||61,036|47,648|108,684|
||Carrying
amount||||||
||At 31 March 2023||183,883|117|1,589|185,589|
||At 31 March 2022||183,883|156|2,117|186,156|
|9.|Debtors||||||
||||||2023|2022|
||Trade debtors||||666||
||Other debtors||||1,350|3,151|
||||||2,016|3,151|
|10.|Creditors: amounts|falling due within one year|||||
||||||2023|2022|
||Trade creditors||||3,096|2,630|
||Social security and other taxes||||1,705|1,405|
||Other creditors||||4,122|2,742|
||||||8,923|6,777|
##
||||||2023f|2022
6|
|---|---|---|---|---|---|---|
|Turnover|||||||
|Fees receivable|and other|||sales income|23,903|23,445|
|Grants and donations|||||110,969|132,112|
|Gallery and workshop||hire|||188|150|
||||||135,060|155,707|
|Cost ofsales|||||||
|Opening
stock|||||(660)|(730)|
|Cost ofprojects|||||(92,026)|(56,315)|
||||||(92,686)|(57,045)|
|Closing stock|||||700|660|
||||||(91,986)|(56,385)|
|Gross profit|||||43,074|99,322|
|Gross profit percentage|||||31.9%|63.8%|
|Overheads|||||||
|Administrative|expenses||||||
|Wages and salaries|||||(50,755)|(48,792)|
|Rent and rates|||||(669)|(1,960)|
|Insurance|||||(1,463)|(1,620)|
|Light and heat|||||(1,294)|(816)|
|Repairs and maintenance|||||(829)|(2,344)|
|Postage and stationery|||||(2,181)|(1,824)|
|Advertising|||||(1,800)|(3,936)|
|Telephone
and|internet||||(1,053)|(955)|
|Computer costs|||||(536)|(1,434)|
|Hire ofoffice equipment||||||(655)|
|Motor expenses,|transport|||and accomodation||(8)|
|Travel expenses|||||(346)||
|Accountancy fees|||||(2,100)|(2,000)|
|Payroll and bookkeeping|||||(6,600)|(6,499)|
|Bank charges|||||(165)|(724)|
|General expenses|||||(236)|(150)|
|Subscriptions
and licences|||||(1,025)|(608)|
|Depreciation
of|tangible||assets||(567)|(757)|
||||||(71,619)|(75,082)|
|Operating
(loss)/profit|||||(28,545)|24,240|
|Operating
(loss)/profit|||percentage||21.1%|15.6%|
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||||2023|2022|
|---|---|---|---|---|
|Other interest|receivable|and similar income|402|10|
|(Loss)/profit|before taxation||(28,143)|24,250|