OpenCharities

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2023-03-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees'
Report		 2to 7
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet 10to 11
Notes to the Financial Statements 12to 25

Unrestricted Restricted Total Total
funds funds 2023 2022
Note 2 2 2 2
Income and Endowments from:
Donations
and legacies		 3 111,612 111,612 121,602
Charitable
activities		 4 232,145 7,954 240,099 247,993
Other trading
activities		 5 15,356 15,356 6,072
investment
income		 6 467 467 12
Other income 7 15,788 15,788 8069
Total income 375,368 7,954 383,322 383,748
Expenditure
on:
Raising funds 8 (7,457) (7,457)
Charitable
activities		 9 473,157 14,540 487,697 369,200
Total expenditure 480 614 14,540 495,154 369200
Net (expenditure)/income 105246 6586 111832 14548
Net movement
in funds		 (105,246) (6,586) (111,832) 14,548
Reconciliation
of		 funds
Total funds brought forward 290,146 14962 305,108 290,560
Total funds carried forward 21 184900 8,376 193276 305,108

Balance Sheet as
at 31 March 2023
2023 2022
Note 2 2
Fixed assets
Tangible assets 16 11,580 16,210
Investments 17 1 1
11,581 16211
Current assets
Debtors 18 43,379 25,149
Cash at bank and in hand 19 167,353 282 921
210,732 308,070
Creditors: Amounts falling due within one year 20 29,037 19,173
Net current assets 181 695 288897
Net assets 193,276 305 108
Funds ofthe charity:
Restricted income funds
Restricted funds 8,376 14,962
Unrestricted
income		 funds
Unrestricted
funds		 184,900 290,146
Total funds 21 193,276 305,108

3
Inco		 me from donations
and legacies
Unrestricted
funds Total Total
General 2023 2022
2 2 2
Donations
and legacies;
Donations
from individuals		 4,503 4,503 2,394
Gift aid reclaimed 77 77 505
Grants, including capital grants;
Government
grants		 33,830 33,830 54,441
Grants from other charities 58,388 58,388 58,468
Regular giving and capital donations 14814 14814 5,794
111,612 111,612 121,602

4
Income		 from charitable
acti		 vities
Unrestricted
funds Restricted Total Total
Generalf funds
2		 2023
2		 2022
2
Performing arts and box office 72,354 72,354 53,262
Bridport Prize 153,981 7,954 161,935 184,395
Educations and visual arts 3,537 3,537 6,599
Cinema 2,273 2,273 3737
232,145 7,954 240,099 247,993

5
Inco		 me from other trading activ ities
Unrestricted
funds Total Total
General funds 2022
2
Trading income;
Cafe and bar income 12,096 12,096 1,090
Arts centre hire 3,260 3,260 4,982
15,356 15,356 6,072

Unrestricted
funds Total Total
General 2023 2022
2 2
Interest receivable and similar income;
Interest receivable on bank deposits 467 467 12

Unrestricted
funds Total Total
General 2023 2022
2 2
Misc income 2,045 2,045 419
Utility income 13,743 13,743 7,650
15,788 15,788 8,069

Costs oftrading
activities
a)
Unrestricted
funds Total
General funds
2 2
Bar costs 7457 7,457
Total for 2023 7,457 7,457
Total for 2022

9
Expen		 dit ure
on charitable		 activities
Unrestricted
funds Restricted Total
Note General
2		 fundsf funds
2
All charitable activities 167,763 14,540 182,303
Staff costs 198,811 198,811
Allocated support costs 10 105,258 105,258
Governance costs 10 1,325 1,325
Total for 2023 473 157 14,540 487,697
Total for 2022 359,270 9,930 369,200

Support costs allocated to charitable activities
All charitable Total Total
activities 2023 2022
Communications and IT 8,408 8,408 7,474
General office 8,071 8,071 4,441
Utilities 23,231 23,231 11,089
Insurance 3,940 3,940 3,796
Bank charges and interest 5,083 5,083 3,913
Premises 15,634 15,634 10,404
Legal and professional 19,692 19,692 5,886
Depreciation 5,704 5,704 3,439
Marketing 15,495 15,495 12483
105,258 105,258 62 925
Net (outgoing )/in comin g
resources for the year includ		 e:
2023 2022
Depreciation of fixed assets 5,704 3,439

The aggregate
payroll costs		 were a s foll ows:
2023 2022
Staff costs during the year were:
Wages and salaries 198,811 153,546
The monthly
average
number		 of persons (including senior management / leadership team) employed
by the charity during the year expressed as full time equivalents was as follows:
2023 2022
No No
Average
headcount		 10 10
No employee
received emoluments		 of more than 260,000 during the year.
14Independent 14Independent examiner's remuneration
2023 2022
Examination of the financial statements 1,325 1,236

16Tangible fixed assets
Furniture and
equipment
f		 Total
6
Cost
At 1 April 2022 23,385 23,385
Additions 1,074 1,074
At 31 March 2023 24,459 24,459
Depreciation
At 1 April 2022 7,175 7,175
Charge for the year 5,704 5704
At 31 March 2023 12,879 12879
Net book value
At 31 March 2023 11,580 11,580
At 31 March 2022 16,210 16,210
17Fixed asset investments
2023 2022
6
Shares
in group undertakings		 and participating interests 1 1
Shares in group undertakings and participating interests
Shares in group
undertakings Total
Cost
At 1 April 2022
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022

18Debtors
2023 2022
2 2
Trade debtors 43,379 25,149
19Cash and cash equivalents
2023 2022
8 2
Cash at bank 167,353 282,921
20 Creditors: amounts falling due within one year
2023 2022
2
Trade creditors 12,367 13,272
Other taxation and social security 8,071 3,428
Other creditors 7,331 2,473
Deferred income 1,268
29,037 19173
21 Funds
Balance at 1 Incoming Resources Balance at 31
April 2022 resources expended March 2023
2 8 2 8
Unrestricted funds
General
General
Funds		 290,146 375,368 (480,614) 184,900
Restricted funds
Bridport Prize 9,962 7,954 (9,540) 8,376
Susan Bittker 5,000 5,000
14,962 7,954 14,540 8,376
Total funds 305 108 383,322 495,154 193,276

Balance at
Balance at 1 Incoming Resources 31 March
April 2021 resources expended Transfers 2022
2 2 2 2 2
Unrestricted funds
General
General
Funds		 175,360 374,056 (359,270) 100,000 290,146
Designated
Designated Funds 100,000 100,000
Total unrestricted funds 275,360 374,056 359,270 290,146
Restricted funds
Bridport Prize 10,200 9,692 (9,930) 9.962
Susan Bittker 5,000 5 000
15,200 9692 9,930 14,962
Total funds 290,560 383,748 369,200 305,108

Unrestricted Total funds at
funds Restricted 31 March
General funds 2023
2 2 2
Tangible fixed assets 11,580 11,580
Fixed asset investments 1 1
Current assets 201,088 9,644 210,732
Current liabilities 27,769 1,268 29,037
Total net assets 184,900 8,376 193,276

Notes to the Financial Statem ents
for the Year Ended 3		 1 March 202 3
Unrestricted Total funds at
funds Restricted 31March
General funds 2022
8 8
Tangible fixed assets 16,210 16,210
Fixed asset investments 1 1
Current assets 293,108 14,962 308,070
Current liabilities 19,173 19,173
Total net assets 290,146 14,962 305,108