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|||||Page|
|---|---|---|---|---|
|Reference and admin sbagve dotage ofthe Company,|||Its Trnstees and advisers||
|Trustee»' report||||2-24|
|Independent|examiner sreport|||25-26|
|Consolidated|statement|offinancial acgvtges||27|
|Consolidated|balance sheet||||
|||||30-31|
|Consolidated|statement|ofcash flows|||
|||||33-56|
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||||Restricted|Un~|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note|E|E|E|E|
|income from:|||||||
|Donafions and|legacies|||26,842|26,842|8,933|
|Charitable
acthrNes|||6,337|601,846|606,183|740,200|
|Other trading|ctivitka|||119,575|119,575|110,313|
|Other income|||||22,338|15,661|
|Total income|||6,337|770,601|776,938|875.007|
|Expenditure
on:|||||||
|Raising funds||||124.558|124,558|128,120|
|CharNable
actlvNm||||805,127|832,216|887,429|
|Total expenditure|||27,089|929,685|956,774|1,015,549|
|Net expenditure
bofors taxagon|||(20,752)|(159,064)|(179,836)|(140,542)|
|Taxalion||||||28,410|
|Net movement|ln funds||(20,752)|(159,084)|(179.836)|(112,132)|
|Reconciliation|offunds:||||||
|Total funds brought||fonsard|27217|511,415|538.832|650,764|
|Net movement|in funds||(20.752)|(159,064)|(179,836)|(112,132)|
|Total funds carried forward|||6,465|352,331|358796|538,632|
##
|||||||||2022|
|---|---|---|---|---|---|---|---|---|
||||Nole||||||
|Fbed assets|||||||||
|Tangible assets||||||13,030||18.716|
|||||||13,030||18,716|
|Current assets|||||||||
|Stocks||||15|17,463||14,401||
|Debtors||||16|622,411||623,308||
|Cash at bank and in hand|||||350,369||519,689||
||||||||1,157,398||
|Creditors: amounts|fa8ing due within ons||||||||
|year||||17|(644,477)||(637,482)||
|Net current assete||||||||519,916|
|Total assets less cunsnt EabEWes||||||||538,632|
|Net assets excluding||pension asset||||||538,632|
|Total net assets||||||||538,632|
|Charity funds|||||||||
|Restricted funds||||18||||27,217|
|UnrestrhM
funds||||18||352.331||511,415|
|Total funds|||||||||
##
##
||||COMPANT BAIANCE SHEET|COMPANT BAIANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||ASAT 31 MARCH 2023|||||
||||||2023|||
||||||6|||
|Fixed assets||||||||
|Tangible assets|||13||13,030||18,716|
|Invesbnents|||14||1||1|
||||||13,031||18,717|
|Current assets||||||||
|Deblare|||18|919,403||852,588||
|Cash at bank and in hand||||80,853||381,663||
|||||1,M0,256||1,234,251||
|Credhors: amounts|falling due s4thin one|||||||
|year|||17|(546,108)||(633,375)||
|Net current assets|||||454.148||600,876|
|Total asssb
less current liabilities|||||467,179||619,593|
|Net assets excluding||pension asset|||467,179||619,593|
|Total net assets|||||467,179||619,593|
|Charity funds||||||||
|Restricted funds|||18|13,720||27.217||
|Restricted funds|||18||13,720||27,217|
|Unrestricted
funds|||18||453,459||592,376|
|Total funds|||||467,179||619,593|
##
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##
||FOR TH|E YEAR ENDED 31 MARCH 202|3||
|---|---|---|---|---|
||||2023|2022|
||||5||
|Cash flows from operaSng|activities||||
|Net cash used in opersfing|activities||(169,320)|(675,835)|
|Cash flows from investing|acSvttles||||
|Dividends,
interesls
snd rents from investments||||120|
|Purchase ol tangible fixed assets||||(1,892)|
|Net cash provided
byl(used
in) investing||activities||(1,772)|
|Cash flows from financing|actlvt6es||||
|Net crmh provided
by financing
activities|||||
|Change in cash and cash|equivalents
in|the year|(169,320)|(677,607)|
|Cash and cash equivalents|at ths beginning|ofthe yser|519,689|1,197,296|
|Cash and cash equivalents|stthe end cf|the year|350,369|519,689|
|The notes on pages 31Io54 form part ofthese financial statemenls|||||
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##
|History Gallery||10% Straight|line over 10years|
|---|---|---|---|
|Computer
equipmeril||33% Qrsight|line over 3years|
|Improvements|to property|10% Straight|line over 10years|
##
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##
##
|Unre strict'|Total|
|---|---|
|funds|funds|
|2023f|2023
E|
|26,842|26,842|
|Unrestricted|Total|
|---|---|
|funds|funds|
|2022
6|2022f|
|8,833|8,833|
##
||||||||R stiicted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||fullds|funds|funds|
||||||||2023|2023|2023|
||||||||6|6|6|
|Income|from|chantabte|acbvibes|-|ExhibiTions and events|||45.206|45,206|
|income|from|charitable|activibes|-|Education|||16,763|16,763|
|fncome|from|charitable|actMIIes|-|Project ac6vtty||5,837||5,837|
|income|from|charitable|ac6viTies|-|Service income|||495,721|495,721|
|Income|from|charitable|activities|-|Costs ofgenerating|funds||44,156|44,656|
||||||||6,337|601,646|608,183|
##
##
##
|||||||RestrhM|Unrasbtctsd|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2022f|2022f|2022|
|Income|fram|charitable|actM0es|- Exhlbions snd events||||80,946|
|Income|from|charitable|ecbvilies|- Educagrm|||14,948|14,948|
|Income|from|charitable|actM8ss|- Project ac8vity||71,378||71,378|
|Income|from|charitable|scgvi8es|- Servke Income|||474,178|474,178|
|Income|from|charitable|acMiss|- Costs ofgenerating|funds||98,750|98,750|
|||||||71,378|668,822|740.200|
##
##
||||UnrestricM|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
|Trading|company||119,575|119,575|
||||Unrestricted|Total|
||||funds|funds|
||||2022f|2022
8|
|Trading|company||92,037|92,037|
|ActNities|for generating|funds|18,276|18,276|
||||110,313|110,313|
##
##
##
##
||Unrestrtcted|Total|
|---|---|---|
||funds|funds|
||2023f|2023f|
|Rents received
Deposit account interest|20,043
2~|20,043
2295|
||Unrestricted|Total|
||funds|funds|
||2022f|2022|
||15,559|'l5,559|
||102|102|
||15,661|15,661|
##
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||8||
|Support costs||3,570|3,570|
|Fundraislng|trading expenses|||
||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2023|2023|
||K||
|Opening slocks|14,401|14,401|
|Purchases|14,663|14,663|
|Ckrslng stocks|(17,464)|(17,464)|
|Other staff costs|||
|Staff satanas|103.400|103,400|
|Social security|7,597|7,597|
|Pension cosh|1.873|1.873|
||124.558|124.558|
##
##
##
||Unresblcted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
||8|8|
|Opening stock|18,646|18,646|
|Purchases|10,398|10,398|
|Closing stock|(14,401)|(14,401)|
|Other staff costs|421|421|
|Staff salaries|93,854|93,854|
|Premises expenses|1,073|1,073|
|Social security|12,881|12,881|
|Pension costs|1,678|1,678|
||124,550|124,550|
##
|||||Un|stricted||
|---|---|---|---|---|---|---|
||||||funds|Total|
||||||2023|2023|
||||||8||
|The Lightbox operating costs|||||339,385|339.385|
|Exhibitions|and events||||18378|18,278|
|Education|||||52,859|52.859|
|Other trading acttvi6es|||27,089|||27,089|
|Service income|||||255.275|255.275|
|Costs ofgenere6ng||funds|||7421|7,227|
|Governance|coals||||111,170|111,170|
|Commerdal|trading|operations|||20,933|20,933|
||||27,089||805,127|832.216|
##
##
##
##
##
|Summary
by fund|type (continued)||||
|---|---|---|---|---|
||||Vnrestncted||
||||funds|Total|
||||2022|2022|
||||8||
|The Lightbox operating costs|||321,791|321,791|
|Exhibidons and events|||(81)|(81)|
|Education|||42,451|42,451|
|Project activity||71,410|318|71,728|
|Service income|||283,677|283,677|
|Crxrts ofgenera5ng|funds|||54.692|
|Governance
costs|||99.057|99,057|
|Commerdsl
trading|operadons||14,114|14,114|
|||71,410|816,019|887,429|
||||||Total|
|---|---|---|---|---|---|
||||Oirect costs|Support costs|funds|
||||2023|2023|2023|
||||E||8|
|The Lightbox opera!log costs|||278,142|61,243|339,385|
|Exhibitions|and events|||18,278|18,278|
|Education|||52,846|13|52,859|
|Other trading actMies|||24,466|2,823|27,089|
|Service income|||250,896|4,379|255.275|
|Costs ofgenerating||funds|7,227||7.227|
|Governance|costs||51,883|59,287|111,170|
|Commercial|trading|opersUons|1,755|19,178|20,933|
||||867,215|165,001|832,216|
##
##
##
|Analysis of|expend|gure
by atttvfttee
(contin|ued)|||
|---|---|---|---|---|---|
||||Actlvges|||
||||undertaken||Total|
||||directly|Support costs|funds|
||||2022|2022|2022|
||||E|E|F|
|The Lightbox operating costs|||276,008|45,783|321,791|
|Exhibitions and events|||(81)||(81)|
|Education|||42,451||42,451|
|Project activity|||56,968|14.760|71,728|
|Servhe irKome|||261,902|21,775|283,677|
|Costs ofgenerating||funds|54,692||54.692|
|Governance|costs||59,731|39,326|99,057|
|Commerdal|trading|operagons|2,456|11,658|14,114|
||||754,127|133,302|887,429|
##
##
##
##
##
||Total|Total|
|---|---|---|
||funds|funds|
||2023f|2022|
|Staifcosts|28,287|44,575|
|Ratf sshriss|387,205|490,833|
|Hire ofplarrl and machinery|(12,878)|2,289|
|Rates and water|1,688|32,500|
|Light and heat|86.827|28,444|
|Exhibition
and everrls|80,990|71,545|
|Premises expenses|55,884|27,637|
|Professional fees|28,037|15,014|
|Project activity|8,458|37,142|
|The lightbox operafrng costs|962||
|Legal and professional|1,755|2,194|
|Sundries||318|
|Other||1.636|
||667,215|754,127|
##
##
##
##
##
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||8|8|
|Insurance|||10,997|23,127|
|Tekrph one||||1,806|
|Postage and|stadonary||7,462|11,314|
|Msrkedng
snd public relations|||20,147|11.252|
|Prindng|||7,138|6,681|
|Other support|costs||29,170|14,405|
|Depredation|oftang0rkr|snd heritage assets|11,795|10,574|
|Event costs|||11,068|113|
|Auditors remuneradon|||24.994|14,588|
|Bank charges|||2,041|4,971|
|Subscripbons|||3.963|2,031|
|ITcosts|||33,619|32,44D|
|Cbracing|||2.608||
||||185,002|133,302|
##
##
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2023
5|2022f|2023
5|2022
5|
|Social security costs||||28,541|40,421|20,944|27,540|
|Contribution|to dellned|contrtbudon|pension|||||
|schemes||||9,216|18,714|7,343|17,035|
|Wages snd|salsnes|||431,023|403,540|337,032|400,031|
|||||468,780|552,675|365,319|444,806|
##
##
##
|Directorate||
|---|---|
|Fundraising||
|Education||
|Administration|and support|
|Msrkegrlg||
|ExhtbITions||
|Visitor services||
|MMintenanca||
|Group||Group||
|---|---|---|---|
|2023||2022||
|No.||No.||
||15||20|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
|1 Tmstee|) broken down as follows:|||
|---|---|---|---|
|||2023|2022|
|||2||
|Trustees|expenses|||
##
##
##
##
|||Improvements|Computer||
|---|---|---|---|---|
||History Gagery|to Properly|equipment|Tolal|
||6|6|6|6|
|Cost orvaluagon|||||
|At 1 Apdl 2022|639,240|28,457|62,279|729,976|
|At 31 March 2023|639,240|28,457|62,279|729,976|
|Depreclagon|||||
|At 1 Aptg 2022|628,156|22,877|60,227|711,260|
|Charge for the year|306|3,959|'I,422|5,687|
|At 31 March 2023|628,462|26,836|61,649|716,947|
|Net book value|||||
|At 31 March 2023|10,778|1,621|630|13,029|
|At 31 March 2022|11.084|5,580|2.052|18,716|
##
##
##
##
##
|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||5|6|
|Finished|goods|and|goods|for|resale|17,463|14,401|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||2|6|E||
|Due within one year||||||
|Trade debtors||469,331|552,924|455,043|548,393|
|Amounts
awed by group undertakings||||89,998|235,373|
|Other debtors||125,521|39,053|346,803|39,053|
|Prepayments|and accrued income|27,559|31.331|27,559|29,769|
|||622,411|623,308|919,403|852,588|
##
|||Group
2023f|Group
2022|Company
2023
6|Company
2022
6|
|---|---|---|---|---|---|
|Trade creditors||72,206|111,804|59,753|108.352|
|Amounts
owed to group undertalangs||84,172||||
|Other taxation and sodal security||67,890||66,145||
|Other creditors||337.262|253|337~|253|
|Accruals and deferred|income|82,947|524,769|82,948|524,770|
|||644,477|637,482|546,108|633,375|
##
##
||||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31 MARCH||2023|||
|||||Group
2023|Group
2022f|Company
2023f|Company
2022f|
|Deferred|income|at|1 April 2022|487,908|520,688|487,908|520,686|
|Bahnces|arising|in|this period|338,998|487,908|338,999|487,908|
|Balances|released||tothe SOFA|(487,906)|(520,686)|(487,908)|(520,686)|
|||||338,999|487,908|338,999|487,908|
##
##
##
##
##
||||||Balance|at 31|
|---|---|---|---|---|---|---|
|||Income
6|Expenditure
f|Taxation
E|March 2023
8||
|Un
strand
funds|||||||
|General Funds - ag funds|592,376|770,601|(929,685)||433,292||
|Reserves|(80,961)||||(80,961)||
||511,415|770,601|(929,685)||352,331||
|NADFAS - Centreplece|(171)||(991)|||(862)|
|SEWS Innovate|||(2,795)||||
|Without Wafs
Arts SocietyW~|1,250||(1750)
(43)|||457|
|SEMDP|213||(213)||||
|SEWSWild Escape||2,502|(425)||2,077||
|Arnold Cark (YC)|489||(428)|||61|
|Hedley (YC)|559||(458)|||101|
|ArtsSoc (YC)|1,490||(1,337)|||153|
|John Ackroyd|4.714||(4,325)|||389|
|NLCF Young Carers|9,800||(6,464)||3,336||
|Art in mind|2.045||(2,045)||||
|Marilyn Scott Bursary|3335||(3,235)||||
|Young Crealives|124||(114)|||10|
|D'Oyly Carte (YC)|2,900||(2,400)|||500|
|Arl8Wellbeing|589||(568)|||3|
||27,217|6,337|(27,089)||6,465||
|Total offunds|538,N2|776,MS|($58,774)|-|S58,7M||
##
##
##
|Statement offunds - prior y|ear|||||
|---|---|---|---|---|---|
||||||Balance at|
||Balance at||||31March|
||1April 2021|Income|||2022|
|||f:|||8|
|Unrestricted
funds||||||
|General Funds - all funds|623,515|803,629|(944,139)|28,410|511,415|
|Reserves||||||
||823,515|803,629|(944,139)|28,410|511,415|
|Restricted funds||||||
|NADFAS - Centreptece|1,138|75|(1,384)||(171)|
|SEWS Innovate|(1,130)|6.400|(5.270)|||
|Without Walls|8,475||(7,225)||1,250|
|Arts Sodety Weybridge|3,MO||(3,000)|||
|BEMDP|1,MO||(787)||213|
|SEWSWild Escape|||(32,000)|||
|Arnold
Cark (YC)||1,000|(511)||489|
|Hedley (YC)||750|(191)|||
|ArtsSoc (YC)||2,100|(610)||1,490|
|John Ackrcyd||10,000|(5,286)||4,714|
|NLCF Young Carers||9,800|||9,800|
|Art in mind|8,014|2.518|(8,487)||2,045|
|Marilyn Scott Bursary||3,235|||3,235|
|Young Crestives|2.962||(2,838)||124|
|D'Oyly Carte (YC)||3,500|(600)||2,900|
|Art &Wellbeing|3,790||(3,221)||569|
||27,249|71,378|(71.410)||27,217|
|Total offunds|650,764|875,007|(1,015,549)|28,410|538,632|
##
##
##
##
##
##
##
##
|Summary offunds - cunent ye|ar||||
|---|---|---|---|---|
||Balance st 1|||Balance st 31|
||April 2022
f|Income
f|Expenditure|March 2023
f|
|General funds|511,415|770,601|(929,685)|352,331|
|Rest)tcted funds|27,217|6,337|(27,089)|6,465|
||$58,870|776,938|(679774)|.358,796|
##
||||||Balance st|
|---|---|---|---|---|---|
||Balance at||||31March|
||1 April 2021|Income
f|Expenditure
f|Taxation
f|2022
f|
|General funds|623,515|803,629|(944,139)|28,410|511,415|
|ResYicM funds|27249|71,378|(71,410)||27,217|
||8M,784|875007|(1,015549)|23410|538,$32|
|Analysts ofnel assets between funds - curre|nt year|||
|---|---|---|---|
||Resbictsd|Unrestncted|Total|
||funds|funds|funds|
||2023f|2023|2023f|
|Tangible fixed assets||13,030|13,030|
|Current assets|6,465|983,778|990,243|
|Creditors due within one year||(644,477)|(644,477)|
|Total|6,465|352,331|358,796|
##
##
##
||FOR T|FOR T|FOR T|HE YEAR ENDED 31 MARCH 2823|HE YEAR ENDED 31 MARCH 2823|||
|---|---|---|---|---|---|---|---|
|22.|Reconciliation
ofnet movement|||In funds to net cash tlow from operagng||acgvtges||
|||||||Group|Group|
|||||||2023f|2022f|
||Net expenditure
for lhe )ear (as per Statement ofFinandal||||CtkMrldes)|(179,836)|(112,132)|
||Ad)usbnents
for.|||||||
||Deprecia5on charge|||||5,686|10,474|
||Dividends,
interests
and rents||from|investmenls|||(120)|
||Decreasa'(increase)|in stocks||||(3,063)|4,245|
||Decreasel(increase)|in debtors||||898|(533,667)|
||l~(decrease)|in creditors||||6,995|(44,635)|
||Nst cash used In operating||acgvtthnr|||(169,320)|(675,835)|
|23.|Analysis ofcash and cash equivalents|||||||
|||||||Group|Group|
|||||||2023f|2022f|
||Cash in hand|||||350,369|519,689|
||Total cash and ossh equivalents|||||350,369|519,689|
|24.|Analysis ofchanges|in net debt||||||
||||||At 1 April||At 31March|
||||||2022|Cash flaws
f|2023
f|
||Cash at bank and in|hand|||519,689|(169,320)|350,369|
||||||519,689|(169,320)|350,369|
##
##
##
##
##
##
##
|sre gift skied t
Turnover|o the charitable
company. A summary
ofthe results oft|he subsidiary
is shown b|slovr.|
|---|---|---|---|
|||2023||
|||6||
|||119,572|92,037|
|Cost ofssies||(11,508)|(14,643)|
|Adminktrathre|expenses|(135,486)|(125,586)|
|Profit I (loss)|forthe Snanclal year|(27,422)|(48,192)|
|||2023||
|Ths aggregale ofthe sssebh Itsbtt (ties and funda was:||||
|Assets||301,269|158,522|
|Uabllies||(409,651)|(239,482)|
|Funds||(108.382)|(80,960)|