Rural Arts North Yorkshire (A company limited by guarantee) Trustees, report and financial statements for the year ended 31 March 2024 Charity number: 1081007 Company number: 3949494 (England & Wales) ADIFTSID 2111212024 COMPANIES HOUSE A14
303
THE BARKER PARTNERSHIP Chartered Accountants Thirsk
Rural Arts North Yorkshire (A company limited by guarantee) Contents P8ge Legal and 4dministraiive inforniaiion Trustees, report Independenl examinels report Statement of financial activities Balance sheet io.ii Notes lo the financial statements 12-23
Rural Arts North Yorkshire (A company limited by guarantee) Legal and administrative information Charity number 1081007 Company registration number 3949494 (England & Wales) Business address The Old Courthouse 4 Westgate Thirsk Nonh Yorkshire Y07 IQS Reglstered office The Old Courthouse 4 Weslgate Thirsk North Yorkshire Y07 IQS Trustees G Kirby (Resigned 26 September 2024) S Corden Lloyd (Retired 8 May 2023) L Turner (Retired 24 April 2023) A Kelner S Denni50n (Interim Chair) O O'shea (Resigned 25 July 2024) R Middlclon {Resigncd 26 September 2024) A Atkins (Appointed 26 September 2024) M F Tomlinson (Appointed 25 April 2024) P M¢Arthur (Appoinied 25 April 2024, Resigned 26 seprnber 2024) Secretary A Goodall Chief Executive l Read Independent examiner The Baer Partnership Chartered Accountants 17 Central Buildings Market Place Thirsk North Yorkshire Y07 IHD
Rural Arts North Yorkshire (A company limited by guarantee) Legal and administrative information Sollcltors Ja¢ksoDS Innovation House Yarm Road Stockion on Tees TS18 3TN
Rural Arts North Yorkshire (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2024 The trustees present Iheir report and the financial statements for the year ended 31 March 2024. The irustees. who arc also directors of Rural Arts North Yorkshire for the purposes of company law and who served during the year and up io the dale of thi5 report, are set out on pagc 1- 2. Strueturep governance and management Governing document Rural Arts was estsblished under a Memorandum and Articles of Associaiion on 10 March 1993 (Charity number.. 1018523). A new set of Articles were adopied on the 16 March 2000, resulting in the creation of a new organisation (Charity number 1081007) on 2 June 2000. The asseis of the foTmer charity were transferred to the current charity on 25 October 2000. On 10 December 2003 a Special Resolution was passed to change the objects to exiend the areas on which Rural Arts can opera from 'North Yorkshire, ro 'the Unld Kingdom and primarily North Yorkshire,. Appoinlmenl of trustees The directors of the chariiable company ('the charity,) are its trustees for the purpose of chari(y law and throughout this report are collectively referred w as the trustees. The articles of association provide that tnistees may be appointed by ordinary resolution in general rneeiing. As sei out in the Articles, the Chair and new Trustccs are nominated and elected by members of the Charity. The Chair must stand down for releciion afier every Ihree-year term and, sei on rotsiion accordift8 to election dales, a third of Trus(ees must stand down for re-election each year. New Trus¢es meet with the Chair of the Board and receive an induction pack that outlines their legal obligations under charily law. They arc also updalcd on ihe currenl Situation of the Charity's finances and acEivilies. They are invited io observe ai least one meeting before formal election. Since 31 March 2021, a special resolution has been passed by the Trustees (29 July 2021) that introduces a lengih of service lirniiaiion for members of the board. After a maximum of two 3 year terms. members must undertake a compulsory l year break before re-election can be sought, if dcsired. Risk Managemenl The Council of Managemcnl conducts an annual review of the Major risks to which the Charity is exposed, and update this ac quarterly meetings. Internal risks are rninimised by the close involvcmenl of the Council of Management. Undertsking of qualily siandards ensure best practices are used to help the efficienl running of the organisalion. The Trustees have recognised the need to increase free serVeS to ensu ihe long-term resilience of the organisation. Objectives and acllvltles Rural Arts chariiable objective is as follows: (a) The promotion of rural arts in all their forms in the United Kingdom and primarily in the area of North Yorkshire.
Rural Arts North Yorkshire (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2024 Public Benefil In seitin8 Objilve$ and planning for activiiies, the Trusiees have given careful consideration to the general guidance published by the Charity Commission Telating to public benefii. Currently. Rural Arts is PUTsuing seven strategic aims.. Programme a vibrant and diverse range of high-qualily performance in non-professional venues across North Yorkshire and the Tees Valley 2. Improve the lives of vulnerable and rurally isolated people through creaiivity 3. Establish The Courthouse as North Yorkshire's premier arts centre 4. Train and reLqin ialeni wiihin North Yorkshire's creative industries 5. Develop the organisalion's long-term susiainabilily 6. Ensure the best service possible lo customers, participanis and funders via Tobusc moniioring and evaluation 7. Champion diversiiy in all its forms (Single Equality Action Plan) At The Courthouse - Rural Arts, HQ and North Yorkshire's only professionally-run, cross-discipline arts centre provide over 400 events and activities each year for local sIdentS and visitors alike. Alon8side a public programme of exhibitions. performances, screenings and workshops, we offer a range of participatory programmes and balance our financial sustainability with a café. gallery shop and venue hire (operated by trading 5ub5idiary, Rural Ans Trading Ltd.) Through ON Tour - our rural touring scheme, servicing North Yorkshire and the Tees Valley we programme 70 professional performances per year in rural venues. We work with dedicated volunteers in local Communities across th¢ county 10 ensure thai living rurally does not isolate communities from culture and creativity. be that music, dan¢¢, theatre or family shows. With our participaiory pro8rammes - which also 5trci¢h across all of Noff h Yorkshire - we reach some of the most rurally isolated and vulnerable people within the region. Our work has a strong focus on arts a5 a conduil for improving health and wellbcing, reducing loneliness Jnd developing life and employability skills. By working closely with parlners across the third and public seeior, as well AS Staiutory and Trusi and Foundarion funders, we enrich individual's lives and build Community cohesion across North Yorkshire. Rural Arts was consliluled as a eharity in 1993 and is an Arts Council England National Portfolio Organisalion.
Rural Arts North Yorkshire (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2024 Achievements and performance Rural Arts started off the year ai the start of another three year National Portfolio funding agreement with Arts Council England. This will last until 2026. Outreach Across the year we delivered a number of programmes that use creativity to support the menial health, wellbeing, skills and resilience. of some of ihe countys most vulnerable and rurally-isolated people. Particular successes and highlights follow. Our Creative ageing programme continued, Ihe ieam delivered 21 l Heart & Craft workshops. reaching 2,298 older people and providin8 paid employmeni to 48 artists, 95% of participants feli that Hean & Craft has been irnportanl in and for (heir Ial communily, 94% made new friendships through the programme. and 861% feel more confidertl. Ai the end of the year we were able to double (he amount of suppon we gave vulnerable and isolated people through this project as we reached eight more villa8e locations. Artbeai coniinued to deliver in home creativity with isolated people. The success of ihe partnership working across North Yorkshire via Belter Connect led io the development of the RISE programme - Reducin8 Isolation, Supporting Employment. Another programme that Rural Arts helps to deliver. providing progression Touies for those ai risk of being isolaied from society, into either employment or volunteering. The team delivered 71 workshops to around 221 participants from ihe area. Our partnership North Yorkshire Together- in conjunction wilh North Yorkshire Sport and North YorkshiTe Youth - con(inued to grow. Together we delivered FEAST, the holiday activities and food programme for North Yorkshire which over 11,076 children and young people took part in and enjoyed, at over 1.099 workshops. We also worked together lo deliver crealivc and physical activities with young refugees in Scarborou8h, and we hope io continue this in more areas of North Yorkshire in the coming year. ON Tour ON Tour - professional performances organised in community venues by community volunteers - has been a strand of work ihat has flourished, in this year we have expanded the reach to include the Selby region, and Redcar and Cleveland. opening up great artistic quality into more villages. In ihe year we have programmed 74 live performance5 across 43 venue5 in North Yorkshire, Teaching 2,864 people, 144 volunteeTS SUPPOrted productions from 42 artists and organisalions. The Pantomime retumed. The Courthouse Over the year we conlinud to deliver an ambitious programme which included 260 workshops engaging 2.202 participants. Of particular success was our introduction of more multi-week courses and low-cosl. peer-led sessions. We also hosied 18 live performances, screenings and oiher events, reaching 559 people. Our six programmed exhibiiions in The Courthouse were 5uppl¢mcnt¢d by our new Artist of the Month programme in our café, which displayed work from local artists and our communiiy projects. Over the year, we engaged 429 artists and had almost 22,000 visitors to The Courthouse to use our cafe, shop and room hire functions. Organisational Development The organisational review took forni in 2023 with a new Leadership team in place to lead the vision of Rural Arts. There were minor set backs as some longstanding members of Rural Arts left after long service. but the existing team were resilien¢ enough to mainLgin exceptional delivery of programme lo all participants and visitors.
Rural Arts North Yorkshire (A company lirnited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2024 Flnancial review Income for ihe year was £586,334 (2022123: £604,074) and expenditure for the year was £645,590 (2022123.. £466.902), resulting in a deficit for ihe year of £59,256 (2022123.. surplus £137.172). Expenditure of£6,109 (2022123.. £44,949) was speni on Tangible Fixed Assets in the year. Net asseis at the year end were £878.520 (2022123: £937,776) of which £687,292 (2022123.. £784,402) were unresiricied funds and £191.228 (2022123: £153.374) were rellricied funds. Rural Arts has a Strict SYsM of financial controls in place. which includes two-person authorisation of all payments, monthly meetings with the Finance Commitlee and monthly management accounts. We have a policy to increase our reserves uniil we realise our reserves tsrget (see note on reserves). Going Concern The Trusipxs have prepared these financial sthtemenls on Ihe basis that the organisaiion is a going concern. Reserves policy The Trustees have established the policy whereby unrestrl¢d funds which have not been designaied for a specific use should be maintsined at a value of three to six months expenditure. This level of general reserves would finance operaiions in the eveni of short term funding gaps and finance immediate obligations Should Rural Arts lose its funding, or alternativcly in the cvcnt that the organisaiion should need io close. At 31 March 2024, general free reserves siand at £72,294. Despite the challenges of the pandemic, it is the Trustees, aim5 to build on general reserve5 in future years by further developing income generating activities and the trading subsidiary company Rural Arts Trading Limited. Statement of trustees. responsibililies The trustees (who are also directors of Rural Arts North Yorkshire for the purpose of company law) are responsible for preparing the Trustee5' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company 18w requires the tnjstees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of th¢ charitsble company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In pParIng these financial sraiements, the irustees a required . seleci suiiable accounting poltcies and then apply them consistentlyj observe Ihe methods and principles in (he Charities SORP; make judgements and estimaies that are reasonable and prudent; state whether applicable UK Accounting Stsndards have been followed, subjeci to any material depanurts disclosed and explained in the flnancial staiemenls; and prepare the financial statements on the going concem basis unless it is inappropriate lo presume thai the charitable company will continue in operation.
Rural Arts North Yorkshire (A company limited by guarantee) Report of the trustees (incorporating the dArectors' report) for the year ended 31 March 2024 The tSteeS are responsible for keeping proper accountin8 records which disclose wlth reasonable accuracy ai any time Ihe financial position of the charitable company and which enable them lo cn5ure that the financial statements comply wilh the Companies Act 2006. They arc also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detrciion of fraud and other irregularities. Small company provisions This report has ien prepared in accordance with the provision5 applicable to companies entitled to the small companies exemplion. On behalf of the board S Dennison Interim Chair A Ackins Trustee I l December 2024 I l Decernber 2024
Rural Arts North Yorkshire (A Company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statements of Rural Arts North Yorkshire. I report to the charity IsteeS on my examination of the accounis of Ihe Company for the year ended 31 March 2024 which are set out on pages 9 to 23. Responsibilities and basis of report As the ¢haTily's trustees of the company (and also ils directOTS for the purposes of ¢ompany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2(K)6 Act,). Havin8 satisfied myself that the accounts of the company are noi required io be audited under Part 16 of the 2006 Ac¢ and are eligible for independent exarnination, I report in respect of my examination of your charity's ac¢ounts as carried out under seciion 145 of the Chariiies Act 2011 (the '2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commissiot) under section 145(5)(b) of th¢ 2011 Aci. Independent examiner's report I have completed rny examination. I confiTm that no matiers have come to my alntion in COnnlI0n with the examinaiion giving me cause io believe.. (l) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or (2) the accounts do not xcord with those accounting records: or (3) the accounts do noi comply with the accounting requirements of section 396 of ihe 2(M)6 Act other than any requirement that the accounts give a 'true and fair, view which 1$ noi a mailer considered as part of an independeni examination; or (4) the accounts have not bccn PTepared in accordance with the methods and principles of the Staiement of Recommended practice for accounting and reporting by charities lapplicable to charilies preparing their accounis in accordance wilh Ihe Financial Reportin8 Siandard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come acros5 no other maiters in connection wilh ihe examination to which aiieniion should be drawn in ihis report in order to enable a proper understanding of the accounts io be reached. Barrie Cross ACA The Barker Partnership Chartered Accountants 17 Central Buildings Markei Place Thirsk North Yorkshire Y07 IHD I l December 2024
Rural Arts North Yorkshire (A company limited by guarantee) ststement of financial activiti (incorporating the income and expenditure account) For the year ended 31 March 2024 Unrestricted Restricted funds funds 2024 Total 2023 Total Notes Income and endowments from Donations and legacies Charitable activiiies Other trading activities Other incoming resources 5,650 203,859 75,768 9,120 5.650 495,796 75,768 9,120 17,030 468,502 291,937 6,824 Total Income 294,397 291,937 586.334 604,074 Expenditure on Raising funds Charitable activities 15,769 375,738 15,769 629.821 12,494 454,408 254,083 Total expenditure 391.507 254,083 645,590 466,902 Net Incomelexpenditure (97,110) 37,854 (59,256) 137,172 Toial funds brought foTward 784,402 153,374 937,776 800.604 Total funds carried forward 687,292 191,228 878.520 937,776 The statemenl of financial activities includes all gains and losses in the year and therefore a separale siatem¢nt of wtal recognised gains and losses has not been prepared. All of the above amounts relate to continuing aciivilies. The notes on pages 12 to 23 form an iniegral part of these financial statements.
Rural Arts North Yorkshire (A company limited by guarantee) Balance sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangible asse¢S Invesiments 16 17 567,988 10 599,380 10 567,998 599,390 Current assets Debtors Cash at bank and in hand 18 74,957 472,783 47,084 497.585 547.740 544,669 Creditors: amounts falling due within one year 19 (74,708) (34,597) Nel current assets 473,032 510,072 Total assets I5 current liabilities Creditors: amounts falling due after more than one year 1.041,030 1,109,462 20 (162,510) (171,686) Net assets 878,520 937.776 Funds Restricted income funds Unrestricted income funds 21 191,228 687,292 153,374 784,402 Total funds 878,520 937,776 The Balance Sheet continues on thc following page. The notes on pages 12 to 23 form an integral part of these financial statements. io
Rural Arts North Yorkshlre (A company limited by guarantee) Balance sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 March 2024 For the year ended 31 March 2024 the company was entitled to exemption from audii under section 477 of the Companies Act 26 relating lo small companies. Directors, responsibilities.. . The members have noi required the company to obtsin an audit of its accounts for the year in qucsiion in accordance with section 476. and . The directors acknowledge their responsibilities for complying with the requirements of the Aci with respect ac¢ouniin8 records and the preparation of accounts. These financial statements have been p pared in accordance wilh the provisions applicable to companies subject lo the small companies, regime and in accordance with FRS 102 The Financial Reporting Siandard applicable in the UK and Republic of Ireland,. The financial sia*ments were approved by the board on I l December 2024 and signed on its behalf by S Dennison Interim Chair A Aikins Trustee I l December 2024 I l December 2024 The notes on pages 12 to 23 form an integral part of these fmancial StamentS. li
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Accounting policles The principal accounting policies are summarised below. The accounting policies have been applied consistenily throughout the year and the preceding year. Basis of 8eeounting The financi21 st8MentS are prepared on a going concern basis under the historical cost convenlion, except for the revaluation of certain fixed assets, and in accordance with Accounting and Reporting by Chariiies.. Sthiemeni of Recommended Practice applicable to charities preparing their accounls in ac¢ordan¢e wilh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effeciive l January 2019) and the Companies Aci 2006 and ihe Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the entity. 1.2. Cashnow The charity has taken advantage of ihe exempiion in FRS102 for the requirement 10 produce a cashflow staiement because il is a small charily. 1.3. Fund 9ccounting General funds are unresrricied funds which are available for use ai the dis¢reiion of the Truste¢s in furtherance of the 8eneral objeciiyes of the charity and which have not been designated for oiher purposes. Restricted funds are funds which are 10 be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The Costs of raising and administering such funds are charged against the specific fund. The him and use of each reslricied fund is set oul in Ihe noies 10 the financial staiements. Income recognitlon All incoming r¢sources aff included in (he siatement of financial activities when the charity is legally entiilcd to the income afier any performan¢e condilions have been met. the amouni can be measured reliably and li is probable Ihat ihe income will be received. For donation5 to be recognised the chariiy will have been notified of the amounts and settlement date in writing. If there are conditions attached to the donation and this required a level of perfomance before entitlement Can be obtained, Ihen income is deferred until those conditions are fully mel or the fulfilmeni of those condilions is within the control of the charity and it is probable ihai they will be fijlfilled. Investment income is earned ihrough holding assets for investment purposes such as shares. It includes dividends and interesi. Where li is not practicable to identify investment management costs incurred within a scheme with reasonable a¢cura¢y Ihe inves(meftt income is reported net of these costs. Il is included when the amount can be measured reliably. Iniere$i income is recognised using ihe effective inieresi meihod and dividend income is recognised as the charity's right io receive payment is established. Other Income includes incorne such as gains on disposals of tangible fixed assets. 12
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 1.5. Expenditure recognition All expenditure is accounted for on an a¢¢ruals basis and has been classtfied under headings thai aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligaiion to make payments ¢0 ihird parties, it is probable that the setrlement will be required and the amount of ihe obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. 1.6. Support costs allocation Support costs are those thai assist the work of the charity but do noi d1cl1Y represent charitable activiues and include office costs, governance costs, adminislraiivc and pa0]] Costs. They are incurred direcily in support of expenditure on the objects of the charity. Where support cosis cannoi be directly attribuled lo particular headings they have been allocated to expenditure on charithble activilies on a basis consisleni with the use of the resources. The analysis of these costs is included in note 10. 1.7. Tangible fixed assets and depreciation Tangible fixed assets are $thd at cost less accumulaied depreciation. Costs includes costs directly attributable to making the asset capable of operating as intended. Assets Cosling less Ihan £200 are noi capilalised. Depreciation is provided on all iangible fixed assets. at rdtes calculated write off the cost, less iheir estimaied residual value, of cach assei on a systematic basis over its expecttd useful lives as follows.. Freehold land and buildings Other Equipmeni IT equipment Motor Vehicles 2% strJighi line IO% straighi line or 25% straight line 25% straight line IO% straighi Line 1.8. Investments Inveslrnents a recognised initially at fair value which is normally the transaction price excluding transactions costs. Subsequently, they are measured at fair value with changes re¢ognised in 'net 8ainsl(losses) on invesiment, in the SOFA if the share5 are publicly traded or their fair value can otherwise be measured reliably. 1.9. Debtors and creditors receivablelpayable wilhin one year Debiors and creditors with no Slated inierest raie and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 13
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Donations and legacies Unrestricted funds 2024 Total 2023 Total Donations Gift Aid by Subsidiary 650 5.IX)O 650 5.000 1,443 15,587 5.650 5.650 17,030 All of the income from donations and legacies totalling £17,030 in 2023 was aitributable io unrestricted funds. 14
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Income from charitable activities Unrestrlcted Restrlcted funds funds 2024 Total 2023 Total Arts Council England Arts Council England- On Tour Craven District Council - On Tour On Tour Posi Code Lotiery - Heart & Craft Your Consortium - Action Towards Inclusion NYCC- Art Beat NYCEP Multiply Imaginosily Humber t£arning- Monday Makers Rise Achieve FEAST 61,324 49,875 61.324 49,875 76,898 20,801 33,321 33,321 134,998 2,611 49.968 19,(KiO 39,138 15,0(Kl 43,477 67,500 18,929 23.332 46.(KiO 6.686 53.773 27.462 134,998 2.611 49,968 19.O¢J) 39,138 15,000 33,833 33,833 5,728 51.1 5,728 51,000 4.700 75,944 203.859 291,937 495,796 468,502 Of the income from charitable activities tolalling £468,502 in 2023, £224,753 was allributable to resrricted funds and £243.749 to unrestricted funds. 3.1. Income from On Tour 2024 2023 Aris Council England Promoters Income Local Authorities and other 49.875 33.171 150 20,801 22.323 21,154 83,196 64,278 Is
Rural Arts North Yorkshfire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Activities for generating funds Unrestrlcted funds 2024 Total 2023 Total Courthouse Outreach Sales 61,295 14,473 61,295 14.473 69,503 42.215 75.768 75,768 All of the income from activities for generating funds io¢alling £111,718 in 2023 was attributable to unrestricied funds. Other income Unrestrlcted funds 2024 Total 2023 Total Sundry income 9,120 9,120 6,824 9,120 9,120 6.824 All of the oiher income iotalling £6,824 in 2023 was altribuiable lo UlestrICd funds. Analysts of expenditure on ralsing funds Unrestricted funds 2024 Total 2023 Total Marketing salaries 15.769 15.769 12,494 15,769 15,769 12,494 All of the above costs totslling £12.494 in 2023 was aitributsble to unrestricted funds. 16
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Analysis of expenditure on charitable activities - by fund type Unres¢ric¢ed Restrieted funds funds 2024 Totsl 2023 Total On Tour Outreach Courthouse Core 84,381 50,143 61,593 179,621 84,381 304,226 61,593 179,621 73,051 205.086 67,896 108,375 254,083 375.738 254.083 629.821 454,408 Of ihe above costs totalling £454.408 in 2023, £121.314 were attributable to restricted funds and £333,094 to unrestricted funds. Analysls of expenditure on charitable activities- by actlvlty Activities undertaken direcily Support costs 2024 Totsl 2023 Total On Tour Ouireach Courthouse Core 80.293 236,614 38,063 4,088 67,611 23,530 179,621 84,381 304.226 61,593 179,621 73,051 205,086 67,896 108,375 354,970 274,850 629,821 454.408 Governance costs 2024 Totsl 2023 Total Independent Examiner's remuneration 3,8(K) 2,980 17
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 10. Analysis of support costs 2024 Total 2023 Total On Tour Outreach Courthouse Core Wages and sthff costs Premises Costs and overheads Accountancy charges Professional fees IT and communications Office costs Depreciation Finance costs Other Overheads Re¢hargpAI 1,080 18.084 15,107 92 ,538 600 46,153 38,496 10,809 26,807 1,804 4,119 37,502 11,661 8,331 (9,862) 80,424 38,588 18,497 61,610 1,804 6,035 37,502 11,661 14,928 57,485 27.868 5,040 64,082 1.577 6.664 26.911 12,438 16,782 1,025 5,125 34.203 92 15 1,809 1,891 322 9,862 4,384 4,088 67,611 23,530 175,821 271,050 218.847 Independent examinerfs remuneration 3,8(K) 3.800 2.980 4,088 67,611 23,530 179,621 274,850 221.827 The basis of Allocation of support Costs is a¢tU41 spend ii. Net income for the year 2024 2023 Nei income for the year is stated after charging.. Depreciation and other amounts written off langible fixed assets 37,502 26,911 18
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 11 Staff costs and employee benefits Employment costs 2024 2023 Salaries Social securily Defined contribulion pension Costs 255,793 11.708 3.482 152,438 1.692 270,983 158.534 No employee received emoluments of more than £60.000 (2023 . None). Number of employees The average monthly numbers of employees (including the trustees) during the year. calculated on Ihe basis of fijll lime equivalents, was as follows.. 2024 Number 2024 FTE 2023 Number 2023 FTE Raising funds Charitable aciiviiies 13.0 14.0 14.0 15.0 13. Trustees, emoluments The Trustees neither received nor waived any remuncration during the year {2023: £Nil). The Trustee5 had expcnses reimbursed during ihe year iotalling £Nil (2023: £Nil). 14. Interest payable and similar charges 2024 2023 Bank loans and overdrafts 9,500 9.091 15. Taxation The charity's activities fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010. Accordingly, the is no taxation charge in these accounts. 19
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial ststements for the year ended 31 March 2024 Freehold land & 16. Tangible fixed assets IT Other buildings equipment equipment Motor vehicles Tolal Cost Ai l April 2023 Additions 785,686 88.281 6,109 58,804 30,880 963,651 6,109 Ai 31 March 2024 785.686 94,390 58,804 30,880 969,760 Depreclatlon Ai l April 2023 Charge for the year 231.873 15,714 84,508 3,931 44,802 5,505 3,088 12,352 364,271 37,502 Ai 31 March 2024 247.587 88,439 50,307 15.440 401,773 Net book values At 31 March 2024 538.099 5.951 8.497 15.440 567,988 At 31 March 2023 553,813 3,773 14,002 27,792 599,380 Subsidiary ndertAkings shares 17. Flxed asset Investments Total Valuation At l April 2023 and At 31 March 2024 10 10 Hisiorical cost as at 31 March 2024 10 10 All fixed asset investments are held within the United Kingdom. Included wiihin subsidiary invesimenLS is a 100% holding in ihe ordinary share capital of Rural Arts Tradin8 Limited. a company incorporated in England & Wales (company number 08943670). At the year end, the aggregate capitsl and SerVeS of the company amounted to £10 (2023 - £10) and profil for the year amounted io £5,263 (2023 - £15,565). Turnover for the year amounted 10 £71,819 (2023 - £96,413) and expenditure for the year amounted to £66.556 (2023 - £80,848). Subsidiary investments are measured at cost less ImpalmnI on the basis that they present shares in entities that are not publicly traded and the fair value cannot otherwise be measured reliably. 20
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 18. Debtors 2024 2023 Trade debiors Gift aid donations from subsidiary Prepaymcnts and accrued income 3,905 10,501 60,551 24,129 4,937 18,018 74,957 47.084 19. Creditors: amounts falling due within one year 2024 2023 Bank loan Trade creditors Other taxes and social security Other crediiors Accruals and deferred income 8.544 25,874 4,678 3,732 31,880 8,544 4.974 2,443 1.807 16,829 74,708 34,597 20. Creditors: amounts falling due after more than one year 2024 2023 Bank loan 162,510 171,686 Bank loans iotalling £171,055 a secured by a first charge on the freehold land and buildings. Bank loan terms of repayment are 13 years and interest is payable at 5.28% on the principal amount. Bank loans include aggregate amounts of £120,419 (2023= £131,633) which fall due after five years and which are payable by installments. 21
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 21. Analysis of net assets between funds Unrestricted Restricted funds funds Total funds Fund balances a¢ 31 March 2024 as represented by.. Tangible fixed assers Currenr aets Current liabiliiies Long-terni liabililies 567,998 356,513 {84,063) (153,156) 567.998 547,741 (84.063) (153,156) 191.228 687,292 191,228 878,520 22. Unrestrlcted funds At Incoming Outgoing 01104n3 resource5 resources At 31103124 General fund 784,402 294,397 (391,507) 687,292 Purposes of unrestricted funds The general fund comprises those funds which the trustees are free to use in accordance with the charitable objeciives, includin8 land and buildings and other tangible assets. Incorporated in the General Fund is a Designaied Fund of £47,000 which was designated by the Trustees towards future artis(ic projecL8. 22
Rural Arts North Yorkshire (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 23. Restricted funds At Incoming Outgoing 0111)4123 resources resources At 31103124 Project Title Grant Provider Art Beal Hean & Craft Heart & Craft Multiply Imaginosity NYCEP Rise NYCC NLCF Arnold Clarke NYCC HDC IVE NYCC 9,634 56,887 2,LX)O 5,727 40,263 38.863 49,968 (39,017) 134.998 {101,659) (2.000) (12,920) (28,437) (36,217) (33.833) 20.585 90,226 39.138 15,000 19.000 33.833 31.945 26,826 21,646 153.374 291.937 (254,083) 191.228 Purposes of restricted funds Art Bcai is a programme io svpport the wellbein8 of older people who are housebound or living in care scltings. National Lotitry Community GrAnt and Henry Smith Foundation funded Hearl & Craft, our creative wellbeing programrnc for older people in 8 rural communities. Aciion Towards Inclusion was extended for another year, under the UKSPF and provides creative wellbeing iniervenlions for chose further from the workplace. Monday Makers is a creative business skills programrnc for people not in education, work or Irainins. Muliiply 15 a DtE funded programme to support people with no maths qualification. or out of dale skills lo gel back into employment. Irnaginosily is a creative curriculum programme for primary aged pupils in deprived, or low income areas. NCEP is the cultural network programme lo connect cultLtral activities to children and young people in North Yorkshire, previously an ACE Bridge 0r8anisaiion initiative. RISE 15 a free programme for unemployed adults in North YorksTrLire, delivered by our Skills and Learning Team. RISE builds eonfiden¢e and employability skills ihrough 121 coaching and creative group sessions. RISE participanis have access to a range of interventions delivered by the RJSE partnership - this combination of support is designed io improve people's health, confidence, skills, circumstances and uliimaiely iheir employability, moving them closer towards a position where ihey a thriving in their life and in work. RISE is funded by the UK governmeni ihrough the UK Shared Pr05perily fund (UKSPF) und is delivered through a parthership of commuThiiy-based organisations spread across North York5hiTe and York, Managed by Better Connect. 24. Related party transaetlons The value of all related party transactions were at length and market rats. 25. Company limited by guarantee Rural Arts North Yorkshire is a company limited by guarantee and accordingly does not have a share capital. Every member of the company underLgkes to contribu* such amount as may be required not exceeding £1 to the asseis of the charitable company in Ihe event of its being wound up while he or she is a member. or within one year after he or she ceases to be a Member.