REQ18TERED COMPANY NUMBER: 03701419 (England and Wales) REGISTERED CHARITY NUMBER.. 1075462 -11 ILLF Conte for the Y hefin Pag• Report of the Trustees Independent Examlr*s Ropcrt Statement of Finan￿1 Acttvlties Balance Sheat Cash Flow Ststement 10 Notes to the C88h Flow Statement 11 Notes to the Flnanclat statements 12 to 19 Detailed Ststement of Flnanclal Activftles 20 to 21 iv The trustses wl)o are alx* directors of the tharity for the puwes of the Companies Act 2006, present tholr report with the financial statements of the tharlty for the ye8rended 31 March 2024. The trustees have adopted the provislons of AcCi￿n11ng arKI Reporting by Charities.. Ststement of Rewmmended Practtce applicable to charities preparlng thalr arxounts In aco)rdanc* the Flnancial Reporttng Stsndard applicable in the UK aThJ Republlc of Ireland (FRS 102) (effec11￿ 1 January 2019). obj0￿* SPILL Festrv81 Ltd18 a rngistsTed charlty based In Ipsvhch In the East of EThJland. n8 charttabl8 c4)jectiv8s are to 8dvanc8 educatknn for the public benefit by the promotion of the arts, In particular but not exdusively new, expen'mental and popular rnodes of presenthn. It does this by provldlro 8rtWDTk8, •rvJagwneni 8cJvltl•8, prof8881onal d6velopment services, facditie8 and open spaces to artlsts, audSeneM arKI P8Tddpants. Activittes happen In three strarrtl8'. 1) SPILL Festival. ￿Trenty a blennl81 progrnmmo of art and events whkh centres communty parwclpation and int8matiorwl exp6rfmentatk)n, 2> A year-round programm8 of events, d8s805 and In the SPILL Think Tank bu￿ing. 3) A ytar-round programme of Artlst D8vobpment InlttsYve4 Includlng resklancles, mentoring, w(*kshops and public presentation opportunltl85. Page 1 PIL ortof he trus ed Oblectlvo4 and actlvftl Slgnthcant achhvoments SPILL continued the secorKI Thlnk Tank Llve programme In 2023-24, after the opening everrt of the season was hekl In Marth ￿)23. A￿llenC•S ext*rtanced artLsts' perfomiances. talks and workshops in an informal and inlimata settiNJ. The artlsts programmed ￿re Jo Fong & Sonia HWes, Andy Fleld & Ba¢kie Darlington. and Oriana Fox. Sch¢￿Tr$ wortshops were wowded by Bruce Asbestos, vtho gulded Iwl chlldren from St matthov￿ SctKI)l through a design and sculpting proc%ss' several of the chlldren'5 w(xks were re¢xoaled at a lar9er scale and presented within thè 2023 SPILL Festlval. SPILL Festival 2023 ran from tho 13th trj ts 2￿h October 2023 and fe8tured film, muslc, performanc£, publlc art and partidpatory prclects by: Bruce A8b88tO8 (UK), Olivler Grossetat6 (FR). Secret Agency (DE), Maritea Daehlin (NOIMX). Alethla Antonla (UK), Llve Art Denmark {DK), Andy Fleld & Beckie Darlinoton (UKI, The Utopia Strong (UK>, Hailu Mergia IUSIET), DJ Nlknak (UK), Firturn Female Society (UK), Guy Cry Club (UK), Tom Woolner (UK), Eily Clark8 (UK) arKJ Robln De8¢on (UK). The film programme was Network {1976}. directed by Sldney Lumrt and The Life Aqua￿¢ wlth Steve Zissou {2004), dlrected by Wes Anderson. Young workshop partldpants 8hared dyital and funynaklng works in the SPILL Hub In St Stephen's Church. As the first f8stival wrdted by SPILL'S current ArU8tlc Dlrector, Rrtjln Deacon, SPILL Festival 2023 w85 delivered over a longer period than our 2021 f8stlv81. helplng us manage stsff capacty while providing mo tim8 for word of n￿uth rnssaglng to build around the longest presentations (Mega Bunny & Fri8fKJs by Bruc8 Asbestos was instslled ac¥06s h¥0 sttes." for 15 days on the Comhill and the full 17 days in the Buttermarket shopplng centre). An estimateth 44,000 poopl8 ongaged vAth projects and activftles In SPILL Festival 2023, with 95% of audiences dolno 80 thry)ugh th818rg&8c4le InstallatkTh thal were free lo a￿$S.. Mega Bunny & Friends by Bruce Asbestos, and Monumental COnstnJcti¢￿S by Ollvler Gr0&88Wt8. Tha latt8r was featured on Look East the regional evening news programme for East Angl18. A small tide table publication cxaated as part of Secret Agentys Shefarers of Ipswtch project was dlstrrbuted to a further 3,500 peoF4e after the festfrval, wrth portraits and oral historie8 generated by the Fxoiect archlved arKI prn38rved In perpetuty by Suffolk Archives. The third Thlnk Tank Llve 88a80n stsrted In March 2024 wlth a screening from artist and filr7Wn8ker Laura Jean Hoaley. The programma of 81x events conunued earfy In 2024-25, wlth further events and screenlngs schedulèd wtth Lcwise 0￿￿n, Duckie, Marcus Harrl&Nobl8, Kate Flurrle, and Ellena Woolf. Earty years creative play sesskns. lund8d by the Sablna Sutherfand Charitab16 Trust and the Joan Wilkinson Charitabl8 Twst, Were announced from Make Play. an Ipswlch-based group 8peci81islng in innovatlve early yeats art experiences. Use of the Think Tank by extérnal grwp6 and hlrers slgnif• increased during 2023-24. Our growlng 'hosted ty events (ln whlch hlrers can benefft from SPILL ffla￿ting support) induded another two se85on3 of Ilfe4rawing classes from local artlst Slmon Farr, muslc events with Squ88h Blossoms and Mel & Marcel, dance workshops from Elene Marsdgn, and 8 week-long 8tudent exhibition with Suffolk New Cdlege. The Think Tank was used as a polling statlon for the first ttme durfng the local council elections in May 2023 and we hosted another successful Chrlstmas Fair In Novgmber 2023, indudlng craft activities. and featunng 9 Ioc81 makers and aFtl8an Kyoducers. This year ihe SPILL t88m UTyJerto￿ slgnlficant foundattonal wcfk on th& three major strategic community pIDiects planned tr 2024-25: 8 Posh Club glltzy cabaret for the 0￿r 608 (with LG8TQ+ (x)Ileth've Duckie), a partlclpatory dance projec* for dome8tic spaces (wlth chore(*3rapher Glllle Kleiman}, and a multi-stranded heritage project ￿lebrating the fOrn￿r Ipswich Caribbean Association (ICA) bU￿dIng on Woodbridge Road (wtth an open call for artists and practitioner818unched in February 2024). Funding for Posh Cjub was secured from the Peop16'5 Posic(NJe Trust, Suffolk County Council, and Ashton's Charitabl8 Trust. Fundlng for the Ipswich Caribbean K88LKktlon Pr0￿ct Was seA%red from H18toric England. Page 2 IL iv Ye Artlst d•v•lopn7•nt SPILL held another successful pr(¥ramme of artlst rosidencles In 2023-24. SUPp￿1￿J nine artlsts and their collaborators to r8se8rch, develop and share new wths In SPILL'S Think Tank. Thèse artists were: Kate Flurrie, Miche Fabre Lewin. Giovanna Maria Casetta, Andreea Tudose, Matthew Shenton, Flo Reynrjlds, Kirsty Tallent. LawT8nce Becktrvasllladls, and Richard Layzell, 8 of 9 resldency artlsts were based in East Anglia. ArtFstic Director Robin Déarx)n 8p6nt much of 202>24 rege8rthlng and pllotlng new cultural education initiatives whith address the growing cost of ¥￿t-16 arts 8duGation, He visrted alternative art schools In Essex arHJ Kent, and consulted wtth a group of 8 local educators and workshop provlders. Thls research Informed SPILL Vlral, a &w88k pllot workshop programm• for young peopl6, Focused on d￿ha1 art and lilmmaklw. SPILL Viral gave young people an opportunity to leam from professlonat artists (Robin deliver8d s8ssions alongside Manuel VasorL Ltyjise Orwln, Elly Clarke, Rlchard Dedomlnki and Kate Flurrie) and show their work in the 2023 SPILL Festival. Evaluatton of SPILL Vsral WMI d*ecUy Inlorm SHLL'S future aJlttJral eLlucation initiatives. Audlence d8velopm•nt After SPILL'8 audlence development str8t8gy was rede3igned in 2022-23, the 2023 SPILL Feskn'val proV￿￿e￿ the first major opFortunlty to revlew our 8UCC888 Wryth th8 slx rylmary audlencè groups Identlfied. These ar8: Prlmary: Ipswlch famlll88 {multlgen8raiion81 gr￿p5 8eeklrKJ I¢xv408t and e(knatlonal athtles), Festlval fans (who seek unusu81 experfonces to undertake while 80cialisir¥), and A140 arts aficionados (often older people wlth adventsjrous cultural appètite8, largely ba8ed to the north of Ip8wi¢h). Speclali$t,' Waterslde and ports (marttir￿ communftles who ar8 central to SPILL'S Waterfront and maritlme programmlng, often as pa￿￿pa￿ts}, Athts and 8¢8demits (who have a profession81 Inlerest in SPILL'S work), and Schcols a￿1 educadon (groups of y¢)ung peowe in formal educational context8 who we primarily reach through thdr teachers). Key sucee88es from Iho 2023 fesfval include: ' A 9'A increase In the number of intergeneration?I family groups, testament to the expanslon of hlghqu811ty famity programming in the 2023 festival. ' A 50A increase In attendances from th(Xè Imng In tho 'Watersldo and ports, ereas IMn￿dIatelY flanklng the ONell to the south ol Ipswkh, where rnsklents Ilve sldo+slde wtth IrKJusty arrfl are hlstortttAlly18ss well ecLinomlcally than elsewhere in the town. ' Across Ipswith, Ive more than doubled the Prop￿ of mlxed age. ethntcal1y-dl￿38 residents of council and houslng ass￿latIon propeths. Slgnfficanlly. we welcomed a larger protKJrtlon of this group than currently lfve in our area {7'h of our audience. compared to 2% of local resthnts). Thls Is a huge audience developtrEnt athievemenL representing a rna￿ step fO￿ard fv SPILL'6 communty and Fwlo-contred ¥thing. 2023 saw a small drowff In attendanceg tho Ye8tt¥al f￿, grw). 80mething which will be Considered when SPILL'S audlan¢e devélopment strate￿ Is fUrt￿r refined In 2024-25. Page 3 Re for ort of the tr st 8trategl¢ r•port Achlevement and porfornian Fundralslng actlv111•8 Arts Councll England and Ipswlch Btrwgh Gouncm conlnued to SPILL as planned. Arts thncil England announced an extension of thelr sUPPOrt of Natlon81 Portfolb Organisations (Induding SPILL) by a further 12 month6 to March 2027. We expect Ipswich Borough fyncl to rrffjtch th18 8xt8nsion. SPILL establish&l new re18tionshlp8 a number of grant*fvlng bodles, Injsts and foundations in 202&24.' Nats'on81 Lottery Hérltsge Fund, Hlstoric England. Swlre Charitable Trust, Harnich Haven Authorlty Fund {adminlstrat8d by Suffotk Communty Foundatlon), Scarfe Charitable Trust, Ganzoni Charitable Tiust Th8 Rope Trust, Worshipful Company of Shipwrlghts. Sablna Sutherfand Charitat4e Trust. Joan Wilklnson Chantable Trust, Ashton's Charttable Tn￿t. Postcod8 Places Trust, and The Limboume Trust. Previous funders Ip8wlèh Central &nd Suffolk County Council also gave furthgr grants to SPILL this year. SPILL re￿iVed sponsorship from our festival hotel partner PentaHotels, and from the Ipswl¢h Maritlme TrLLqt. A new 8UPPOrters' dub. SPILL Benefftg, was launched in August 2023 In ord8r to offer addltional tknefils to SPILL'S most comtnittthy fans and audlen¢g8. M8mbershlp o)sts £25 per year and offers advan￿ bookin9, Think Tank bar d18counts. exdusiv• dlgmal contont 8rKI Itmltod 8dltk)n artlst postcarts. Shift to 8 naw Ix)x office platform, Futsjre Ticketing, has allowed SPILL to recgive srnall basket donatlons from online tlcket bookers for the first time. We have Integrated me8saglng 8round Gfft Aid on this platform, allowing for swfft and simple d8lms ￿ HMRC. SPILL also recelved a slgniflcant slngle donatton of £5Crf) from an individual using ih6 Charttles Atd Foundation integralion on SPILL'8 websrte. SPILL 8XC69d8d Its oamed irK>Jme targets ts the a￿K1 year runnlng, primarfly due to our popular spac& hire offer. Investment in¢om was also better than export8d. follo%￿ng both hlgher interest rales g8nerally and th6 decision to hold a prOpO￿on of SPILL'S general overhead8 resenrfe in a fixed temi bond which matured in FeLKu8ry 2024. Flnanclal rnvl•w Flnanclal rovlow and rns•rvu polky SPILL'B general overhead3 reaerve was Incro8s8d by £5.(XYJ to £50,000 durlng 202>24, in Ilne with our plans to inc¥e8se to £80,000 by March 2026. After SPILLS 12 month Ilxed term bond 01£30.IJOO matured in February 2024, twstses approved the investment of £35,000 of SPILL'S gen6r81 ovefhead re5erv8 In a naw 12 month bond to mattjre in February 2025. Funds de8ign8ted for the Pacltti Company Arthfve project were 8pent In Ilne with th08e activrties. Funds designated for the 2023 SPILL Fe8llv81 were sE*nt on delivertng the 2023 festlv81 as planned, with further funds for future planned art kffje¢ts deslgnatad followlng its condwion. Grant mnies r￿fjVed from Histwk England ￿re e8tablished as a r88tiict8d furKI for the ICA prol8Ct, SPILL 8nded 202&24 *lth a £50,OW gan6ral overheads reserve, £2,400 restrided to the ICA propct, £47,000 designated for other forthcomlr¥J art pr•, and unrestricled, unde8￿nated reserves of £4,980. SPILL employs 8 Iryw-risk apwoath to fvrKFal Inv￿In￿nts, and doe5 not invest in stocks, share8 or atlern8tive currendes whwe ftii¢tiJatlons In value are CA)mmon. We will onty deposrt. cash with banking Se￿iCe$ rated BA or al)ove by major fjedlt rats'ngs 8genae$ {such 8s Fltth or Nkntys), which are Covered by FSCS protecttons, and which offer a guaranteed re￿rn (for example, 8 fixed tx)nd whlch guarantees its interest rate for the whole temi). SPILL undertook an 8thlcal reV￿W of Its banklng provlslon for the first time in 2022-23. and thls year it has remalned a prkylty to move SPILL'S funds away from banklrHJ provlders which invesl heavily In fossil fuels and oth8r 8nvironment811y harrnfvl practlces. Environmentally-sound banklng options reThln Ilmlted however, and research undertaken Ihls year has ￿vealed that very few of the UK'S gre8ner banks offer affordable eccounts to charltss of Dur slze whlch can also sync wfth m8ior b￿kkeepIng softwares. Further research into SPILL bankirYJ provision 1$ anticipated In 2024-25. Page 4 for th Stratogl¢ r•port Accountablllty SPILL Festival forn)ally r8POrts tts a(*vlty to Art8 C￿￿11 England (ACE) on a quarterty basis. ACE provides quarterty risk ratlng to SPILL upon revlew of activitles and board papw8 (Including risk wi$ter}, 8 score vthich has been wTrsistsntly 'mlnorf Ihroughout 2023-24. Th8 relation8hlp wllh ACE remains exceedlngly positlve. Th8 company is accountable to its members which comprEse the B08nl of Director8 thrfxjgh formal qu8rteTIy meetings and reports, supplemented by canvwsation8 arKI 5ubcommlttee meetings on an ad hoc basis. Accounts are Ind•p8ndeDty exam1r￿d aftd Iled annualty wlth C(xnpanles House and the Charty Commlsslon. Futur• pla With Cx)re support from Arts Coundl ErvJland and Ip8wlch Borwh Councll secured untll 2027, strateglc planning can be undertaken frDm a po8llon of strength. SPILL contlnw to work towards hs kng-term gcol to rrM)ve away from the peaks and trou￿6 of biennial festivals and ttrwards a rI￿e ojnsistent annual offer to a￿j￿nceS and beneficiaries. This requires sKJnificant changes to programming, prc)Ilects key equalth8 data and m8lnt8Ins the r8gi8t8r of Interests. Tru8t688 ar8 able to access 8 Stnall training bu&Jet to supwt thelr overslght of SPILL. Page 5 sp rtofthe structurn, gov•rnanc• and maTrag•m•nt Rlsk m4n8gomont The trustoos'have a duty to Id6ntfy and revlew Ihe to which the ch8TIty 18 eyposad and to ènsurè appropriate Contr(￿ are in plaL* to provlde rnosonabla aswranc• 8llaln6t fraud and error. SPILL'S ri8k register was redeslgned th 2￿24 In order to ¢onskler 8 morn corrveh8r￿iv• range of wentlal risks and to pr888nt them In a dearer format. The top rlsk Identified in January 2024 and ag8Sn in Aprll 2024 was the rfsk of not meellng future fundraising taruets. S8veral of the major trusts and foundations which historically supwrted arts athitles have undergon8 major changes recentiy or are expected to close within the next faw y88TS. Meanwhlle, local authorfty funding Is at risk acros$ the UK. SPILL must continue to mrtFgate this risk by keaping core 0par￿ng ¢08ts a8 low as po&8bl8 and by aJlo¢ating 51gnifirAnt time to fundraising in order lo maximise the number and quallty of appllcatlons, We always include a generous contingency within our finandal plannlng. Ref•r•nce •nd admlnkntratlv• d•tall• R•glitsr•d Company numb•r 03701419 {ETrJlaThl and Wal8¥J Rogl8tsr•d Charfty nurnb•r 1075482 Reglstored ofv The Victortan Wlng 1 Upper Hlgh Stregt Ipswich Suffolk IP13QH Trust•es Martin Dole-wasilka {appoInt￿l 21.11.23) Rachel Ftlzgerald (8PFolnbJ 21.11,23) Lois Ellxab8th Keldan Rebe￿a Parsons {8ppointed 21.1123) Dr Anthony Chartes Rthrts Janett8 Susan Wand Hugh Whlttall {reslgned 14.5.24) C•)mpany S•cr•tary Kathryn Kirton Report of the.thJstses, I ic repcrt approved by order of the board of Injstees. as tha I4￿.*,,*. . ..., and slgn8d on the boarrfs behalf by: iir Anthony Charte8 RI)b￿ts - Tru8teo Janette Susan WarKI - Tntstee Page 6 In Independent •xamln•fs rnport to th• inMt••8 of 8PILL F•stlval Ltd {Ih• CompanY) I report to the charity trustees on my &YanmnatJ￿ of tho ac£¥unts of the Company for the year ended 31 March 2024. R•8pon8lbllltlo• and ba￿ of report As the charfty's trustees of thè Company (and also Its dlrectors for the purpo8e8 of wmpany lawl you are responslble for the preparatlon of the accounts In accordance with th8 requirements of the Companies Act 2006 ('the 2(M)6 Arf). Having satisfièd mys8N that the a¢￿Ints of the Company arn not r8qulfod to be audlted undor Part 16 of the 2006 Act and are eligible for indepondent ex8mlnafjon, I report In respect of my examination of your charity's accounts as ca￿led out under Section 145 of the Charities Ac* 2011 (Ihfj 2011 Act,). In canying out my examination I have followed ￿ Direction$ glven by the Chanty CommlsBion und8r Sectlon 145{5) (b) of the 2011 Act. Indop8ndont gxamlnerfs •tatwn sinc￿ your chartys gross irN*me exce6ded £250.000 yow examlner be a n*mbef ol a Ilsted body. can confim that l am qualified to Ur￿￿tske the examlnats'on b8cwBe l am 8 m8rr*>8r of the Assoclatlon of Chartwed Certiflad Actountarts, whlch is or* of the listed bodles. I have completed my examlnattoft. I confinn that rK) matter8 have cxyne to my 8ttèntk)n In connectlon with the examination oiving me cause to bolleve: accourrting warn not kept In re•pwa of tho Ctynpary as requlred by Sectk)n 386 of th8 2006 the act))unts do not ac￿￿ wlth tF¥)se records: the accounts th) not ￿mplY wth eixountlrvJ requlretrents of Sectlon 396 of the 2008 Act other than any requirement that ts accounts gtve a true and f8lr vl8w whtch Is not a matter a)ns￿ared as parl of an Inde￿nderrt examlnatk)n; or the accijunts have not t*8n prepved In acKLYdance wlth the methojs and principles of the Statement of Recom￿ended Prnctice for ac1ount1￿ and rewUng by charibes (appllcth lo charitles preparlr their 8co)unts in accordance with the Flnandal Reporting Standard applicable in the UK arKJ Republic of Ireland (FRS 102)). I have no conc8m8 and have ￿rne across no other matters In connecuon wlth the examlnatlon to which attentlon sh￿Ild drawn in thls report In order to enable a proper unde￿ta￿lIng of the accounts to be re8ched. Louise Rogers ACCA ostr Page 7 PILL F ement of flnancial ivitle 31.3.24 Total funds Unrestricted fund De8lgn8ted 31.3.23 Total funds Restricted funds Note8 INCOME AND ENDOWMENTS FROM t)onations and lepci88 329,853 3,000 332,853 295,516 Charftabh adMtIo• Productionlproject Costs 22,384 4.375 Other tradlng athlles Snvestment Incor 1,125 1.125 957 Totsl 300,848 EXPENDrruRE ON Raislng fund8 2.023 2,023 971 Charltabl• a¢tMtIo8 PrcKluctlonlproject ￿sts 210,205 175,202 386,(X17 235,548 Other T¢)tal 312,001 NEr INCOMEI{EXPENDmJRE) Transfer6 tund• 73,311 (1￿,844) 2,400 17 (123.933) (11,153) Not mov•m•nt In lund* 118,974) (107,359) (123,933) {11,1531 RECONCILIATION OF FUNDS Total fund8 Ixought for*8rd 23,954 204,359 228,313 239.466 TOTAL FUNDS CARRIED FORWARD 104.380 228,313 The notes form part of the8e financial statemants Page 8 ILL Balance s 1Mar 2024 31.3.24 31.3.23 FIXED ASSETS Tanglble assets 13 3,389 5.447 CURRENT ASSETS Debto Cash at bank and In hand 14 7,287 101624 15.172 108.911 240.357 CREDITOR8 Amounts falling due ¥thln 0￿ year 15 (7,920) {17,491} NEf CURRENT A88ETS 222,866 TOTAL ASSETS LESS CURRENT LIABILITIES 104,380 228,313 NET A8SErs 104.380 228 313 FUNDS unreStr￿•d funds Restncted funts 17 101,980 1400 228,313 TOTAL FUND8 228 313 The charftable compaty18 enUt18d to 8xemptt*n firyn audlt Se￿￿ 477 of the CDmp8nlgs Act 2006 for the year ended 31 fv1arch 2024. The members have not requlred the company to obtah an audlt of Ils financlal 8tatarr*nts for the year 8nded 31 March 2024 in accordance with Section 476 of the Companies Acl 2006. The trustees ackrK>wledge Ihelr re31)(*isibilities for (a) ensurlng ihat the charitable cx)mp8ny ke8ps actountlro rocryds that compty wth Sactions 386 and 387 of the Compan188 Act 2006 and (b) preparing fnancial stateThnts which gfve 8 true and fair view of th8 Stat8 of atrdirs of the charitable ompany 8$ at the end of each fln8nciBI ye8r and of Its surF4us ￿ deficit for ea¢h finanaal year in accord8nce wlth the requlrements of Sedlons 394 and 395 and which otherwise comply wilh the rnquirem8nts of the Companles Act 2006 r81*1ng lo flnan¢lal stateffffjnts, so far as appltcable to the Ghaiitable company. The Ilnanclal ststements wer8 approved by the Board of Tru8t888 and authcyised fr)r issue on , and were s￿ned on its fAhalf by. r)r Anthcffiy hades R(>berts - Tnjstea Janth sU￿n WarKI - Trustee The notes form part of these financral ststements Page 9 stival flow temen 31.3,24 31.3.23 Not88 Ca$h flow• from oporatlng *ctlvftl•• Cash genoratod from owatl¢xs Net cash used in operatlng athltss Cash flo￿ Irom Inv•8llng actlvltl•8 Purch888 of tanglble fixed assets Net cash provlded bY1(￿ed In) Inve*lrYJ athlties Change In cash and ca•h •qulv•l•nts In the reportlng p•rfod Cash and ca•h aqulvahnts at th• b•glnnlng of tho reportlng ￿rIOd (123.561) (5,765) Cash and cash •qulv•l•nts at the •nd of th• rnportlng parlod 101624 Th8 notes fom part of thasé fin8ncLql st8t8ments Page 10 ij RECONCILIATION OF NET EXPENDITURE TO NEY CA8H FLOW FROM OPERATING ACTivmES 31.3.24 31.3.23 N•t •xp•ndltur• for the rnportlng p•rlod (48 p•r lh• siatenxnt of Flnandal Actlvltlm) AdJu8tments for: Depre¢iation charg08 Dec¥ease In debtors Decrease in crgditors (123.933) (11,153) 2.058 7.885 2.083 8.286 N•t cmh ug•d In op•raUon• ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.23 Cash flow At 31.3.24 Nét cash Cash at bank and in hand 101,624 225.185 101624 Total 101624 The note8 form part of th888 finandaS ststerrents Page 11 ILL F tiv Notes o the fin ACCOUNTING POUCIES Ba•1• of prnparlng the flnttncl41 •t•t•m•nt• The financial statements of the charitable comp8ny, wthlch 18 a public benefit entity under FRS 102, have been prepared in accordance wlth the Charltles SORP (FRS 102) 'Accounting and Repoth'ng by Charitles: Statement of Recommended Practice 8pplicable to charities preparing their acOUCIE8 w conllnued Golng con¢•m The charity has rena￿￿ ts Art8 Coundl England Natlonal P￿10 (NPOI grant for the period 1 st Awll 2022 to 31 st Mart* 2027. Tho cole grartt from Ip8wlch Borough C(7undl is Confirmed until 31 st March 2026 and It expected to oxt8nd to 31st March 2027. The Tn￿ contlnuo to explore further ltsnding opportunit￿S to ensure dellvery of qualty programTrs. DONATIONS AND LEGACIE8 31.3.24 31.3.23 Donations Gfft aid Grants Membershlp 27 331.798 279 295.448 332,853 295,516 Grarrts received, Induded In the above, arn 88 foll￿. 31.3.24 31.3.23 Ipsth Borough Councll Suffolk County Councl Arts Council England- NPO Mrs L D Rope Third Charitable Sottloment Ganzoni Charflable Tru8t Scarfe Charitable Tn￿t Worshipful Company of Shi￿ghts Suffolk Communlty Foundation Swire Charftable TnJ8t Limboume Trust Sablna SutherfaTrJ Charftable TnJ8t Postcode Places Trust Joan Wilkinson Trust Ashtons Chaiitabl8 Tr￿t Natlonal Lottery Herltage Fund Hlstorlc Engl8rKI 23,333 2.000 271.615 23.833 271.615 750 10,IYXI 295.448 OThER TrADING ACTMTIES 31.3.24 31.3.23 Sponsushlps Pag8 13 contlnued... tem INVESTMENT INCOME 31.3.24 31.3.23 Interest recelved 957 INCOME FROM CHARITABLE ACTMTIÉS 31.3,24 31.3.23 Th8atre Income ProdudOnlp￿ja¢t costs RA￿ING FUMDS Oth•r tradlng acuvlu 31.3.24 31.3.23 Purcha888 971 CHARITABLE ACTMTIES COST8 Supwt Dlrect costs (see note 8) Totals Pr(YJuctio￿pIoleCt costs 8UPPChRT C08TS Adminlstratlon Professlonal Govem8nce Managemént l financial costs Totals Other re8ource8 expendèd ProductlonlproJe(* ¢08ts 21,236 72,899 1.490 95,921 41.200 137 121 NEf INCOMEI(EXPENDITURE) Nel Incomel(expendilurn) 65 st8ted after d￿rgI1￿{cred￿Sng). 31.324 31.3.23 2,083 Page 14 (x)ntlnLHJ... spi L Festiva Not he 10. TRUSTEE* REMUNERATION AND BENEFrr8 There were no trustees, remunwaiion or othw benefits lor the year endad 31 March 2024 nor for th8 year ended 31 March 2023. Truitts8' •X￿nI Hugh Whittall wa8 reknbur8ed £64 ts travel and 8ubslstence expenses. f+lo other payments wore made to trustsos In eitlw y•Br. 11. STAFF COSTS 31.3,24 31.3.23 Wages and salarleB Other pen81t)n 245,620 232,384 6,030 The average montrty number of employges durfng the year w88 88 follows: 31.3.24 31,3.23 Support Product￿n/proJeCt No employe88 r8celvod omolum•nts In 8xce88 of £60,000. 12. COMPARATIVE8 FOR THE 8TATEMEKf OF FINANCIAL ACTivmES Unrestricted fund Deslgnated Restrlct8d funds Totsl funds INCOME AND ENDOWMENT8 FROM Don8bons and legade6 295,516 295,516 Charftabh a¢tlvMI Produyionlprojecl costs 4,375 4.375 Invesbnenl Income 957 957 Totsl EXPENDITURE ON Raising funds 971 971 Charltabh actlvltl•s Productionlpr(¥èct ¢>)st8 219.867 15,879 235,546 other Totsl 292 768 19 NET INCOMEI(EXPENDITURE) Tran•f•rn botw••n fund• 8.080 (19.233) <11.153) Page 15 continued.., al te to flnan 12. COMPARATNE8 FOR THE STATEMENT OF FINANCIAL ACTivmES- ¢ontlnu•d un￿strICted fund Deslgnated Restricted funds Total fund5 Net mov•m•nt In fund• (20,049) 8,896 {11,153) RECONCILIATION OF FUND8 Totsl fuTrJs brought foNard 44,003 195,463 239,466 TOTAL FUNOS CARRIED FORWARD 228 313 13. TANGIBLE FIXED ASSETS Fixtures and fittings Co•t At 1 Aprll 2023 and 31 March 2024 D•preclatton At 1 A￿[ 2023 Charge lor year 8,732 At 31 Marth 2024 N•t lThik v•lu• At 31 March 2024 At 31 March 2023 14. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors Prepayments and 8c¢nJed IrKomo 270 1,692 13,480 15,172 Page 18 continued... PILL Festival L Notes efin in 15. CREDrroR8: AMOUNTS FALUNG DUE wrrHIN ONR YEAR 31.3.24 31.3.23 Trade credttors Social secunty and other tax88 Aceru818 th1 deferreAI Incor 326 5,487 16. ANALYSIS OF NET A88ET8 BETWEEN FUNDS 31.3.24 Total nds 31.3.23 Total funds Unrestrfcted fund De8lgnated Restricted funds Fixed 8SS9ts Currerrt 8ssets Current liabllltl68 3,389 9,511 5,447 240,357 17491} 97.fKKI 1400 108,911 228313 17. MOVEMENT IN FUN08 Net Transfers movement between in funds funds At 31.3.24 At 1.4.23 Unregtrlct•d fund• General fund De8ignatod., Overheads resen Designated: Arthiving Designated: SPILL 2023 Designated: Art (Projects & Fe3tlvals) 23.954 45,000 35,109 124,250 73.311 (92285) 4,980 50,000 (35.109) (184,535) 40.285 R••trl¢t•d fund• HIst￿C ErYJland 228,313 (126,333) 101,980 2,400 2,400 TOTAL FUNDS 123 933 104.380 Net mDvem8nt In fvnds, Indudod In the abovè 8r• a6 foH+yW8: Incomlng Resources Movement resources expended in funds Unro•trfctad fund• General fund DeS￿nated.. Archiving Deslgnated: SPIIL 2023 357,018 (283.707) (35,109) 73,311 {35,109) 357,018 Rostrlet•d lund• Historic England (483.351) {126.3331 (800) 2.400 TOTAL FUNDS Page 17 continued,.. PILL Notes t the financFal 17. MOVEMENT IN FUNDS • conllnuod COM￿ra￿V•S for fvnd• Net Transf8rs movemenl b8twe8n In funds funds At 31.3.23 At 1.4.22 Unrn•trlct•d fvnd8 Gener81 fund De8wdnated: Overhaads rea8rve Designated: ￿ChIvIng Deslgnated,, SPILL 21Y23 8,080 {28,129) 23,954 45.000 35.109 124 250 45,000 50,4e3 (15,354) 228 313 TOTAL FUNDS 228 313 Comparative rnt movement In funds, Induded In the abovè are a8 lolknv8: Incoming Resourrm Movement resources expended In funds Unr•8trlGtod lund• General fund Designated: Archlvlng D881gnated.' SPILL 2023 (292,768) (15,354) 8,080 (15.354) 312 001 TOTAL FUNDS 312 001) A current year 12 months and ￿or 12 months combined FQSrtFon Is as follows: Net Transfers r￿Vernent between in fijnds funds At 31.3.24 At 1.4.22 Unrostrlctod lund• Goner31 fur¥J De￿nated,, Overhead8 r•Jwv8 Designated.. ArCh￿g Designated., SPILL 2023 Dasignated.. Art (W & Festivals) 44,003 81,391 (120,414) 5.000 4.980 50,000 50,463 100,000 {50,463) (168,414) 68.414 Restrlcted funds Hlstorlc England 239,466 {137.486) 101,980 2.41JO 2,400 TOTAL FUND8 135086 Pag6 18 c0ntinL￿... nded 31 M 024 17. MOVEMEKf IN FUN08 . contlnu•d A cuffent year 12 n￿nthS and Fxior yoar 12 Tr￿)nths con*)Ined not rhovom8nt In fynd8, Induded in the above are as follows.. Inmming Resources Movement fe8ourcos expended in funds Unr••trlct•d fund• Generdl fund De8ignated." Archmng Deslgnated: SPILL 2023 e57.868 (578,475) (50,463) 168 414 81,391 (50,463) 168414 657.866 Restrfcl•d fund• Htstofic England (795,352) <137,488) 3,000 (600) 2,400 TOTAL FUNDS D•¥lgnat•d ov•th•ad• re8•r¥•: for winding4own purposes should SPILL be l¢rcad to dos8 D•glgnatèd art (projacts and f•stfvals) rns•rv•: for the delivery of forthcoming artlsti¢ projects {thL8 fund 1$ rngularly replenlshed to ensure ample planning and delivery for firturo actlvttles) Rostrlct•d Hl•torlc England fund: for the delivery of the Ip8wIth Carfobean A$s￿latIOn ProJ•ct between 2024 and 2025. Complotron expected Summer 2025. RELATED PARTY DISCLOSURE8 There were no relabj paty tr8n1th8 fcy the year ended 31 M8f¢h 2024, Page 19 etail stat 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons arKI l•gacl•s Donations Gift aKI Grants Membershlp 749 27 331,798 279 295.448 332,853 295,516 Other tr•dlng Sponsorshlps 1,125 Invoth•nt Incom• Interest rec8rved 3,656 957 Charltsbl• aetlvltl•8 Theatre Income 4.375 Total Incornllyd r•8ource• 360.018 300.848 EXPENDrruRE Other tradlng actMtI•8 Purchases 2,023 971 Charltable actlvlti Wages Pensions Production costs Advei1islng 170,034 6,341 146,901 159,986 6,Q30 19,003 344.807 191,880 Support costs Managem•nt Insurance Ipswich rent I seThlc¢ charge Telephonellntemet TechnicalllT equipment and malntenan Depredatlon of tangl￿8 and herftagg a88ets 1,672 13.065 1.595 13,084 977 7,433 3,593 21,238 25,172 Admlnistratlon costs s8lanes1￿KIal socurtty ￿Sts 18e8 Training Tr8veVtransport carri￿ forward 75.586 1.383 3,829 80,798 72,398 5,614 2,707 80,719 Thls pago does nol fomi part of the Sta￿t￿Y financial statements Page 20 SPILL F tof 31.3.24 31,3.23 Admlnl8tratlon eo•¢• Brought forwaTd Subscriptlonsllicern Recruitment. PrIntIn￿[￿StagelstatiOnVY Sundries Legal f888 Archiving 80,798 80,719 2,773 599 420 2,746 1,800 471 581 672 114,099 92,411 Professlonal I Ilnanclal Bank charges 187 Gov•mance costs IndeFendent examinatlon Total resources oxpended 312 001 Not gxpendlture Thls page does not fom part of the statutory financ181 statements Page 21