| Trustees | Kristofor Darby | |||
|---|---|---|---|---|
| Harmeet Chagger-Khan |
||||
| Jennifer Soltau | ||||
| DrA Woolner | ||||
| Ms A Reeves | ||||
| Artistic Director (CEO) | Paul Sutton | |||
| Secretary | Sophia Parker | |||
| Charity number | 1085653 | |||
| Company | number | 02878790 | ||
| Registered | office | 5 Deansway | ||
| Worcester | ||||
| Worcestershire | ||||
| WR1 2JG | ||||
| Independent | examiner | Kendall Wadley LLP | ||
| Granta Lodge | ||||
| 71 Graham Road |
||||
| Malvern | ||||
| Worcestershire | ||||
| WR142JS | ||||
| Bankers | National Westminster |
Bank Pic | ||
| 1 The Cross | ||||
| Worcester | ||||
| WR1 3PR | ||||
| HSBC Bank PLC | ||||
| 6 Broad Street | ||||
| Worcester | ||||
| WR1 2EJ |
| Page | ||||
|---|---|---|---|---|
| Trustees' | report | 1-4 | ||
| Independent examiner's |
report | |||
| Statement | offinancial | activities | ||
| Balance sheet | ||||
| Notes to | the financial | statements | 8-14 |
| Unrestricted | Unrestricted | Unrestricted | |||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Notes | |||||
| Inoonoefrom | |||||
| Donations and legacies |
3,032 | ||||
| Charitable activities |
268,813 | 233,044 | |||
| Total income | 271,845 | 233,044 | |||
| Charitable activities |
257,151 | 199,674 | |||
| Other | 156 | ||||
| Total expenditure | 257,151 | 199,830 | |||
| Net income for the year/ | |||||
| Net Incoming resources | 14,694 | 33,214 | |||
| Other recognised | gains and losses | ||||
| Other gains or losses | (342) | (306) | |||
| Net movement In funds |
14,352 | 32,908 | |||
| Fund balances at 1 April 2021 | 100,458 | 67,550 | |||
| Fund balances at | 31March 2022 | 114,810 | 100,458 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 10 | 19,015 | 7,752 | |||||
| Current assets | ||||||||
| Debtors | 35,795 | 15,452 | ||||||
| Cash at bank | and | in | hand | 80,866 | 87,169 | |||
| 116,661 | 102,621 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 12 | (20,866) | (9,915) | |||||
| Net current assets | 95,795 | 92,706 | ||||||
| Total assets | less | current liabilities | 114,810 | 100,458 | ||||
| Income funds | ||||||||
| Unrestricted | funds | 114,810 | 100,458 | |||||
| 114,810 | 100,458 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | ||||
| 2022 | 2021 | |||
| F | ||||
| Government | grants | 3,032 | ||
| Grants receivable for core activities | ||||
| West Midlands | DWP - Kickstart | 3,032 | ||
| 3,032 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| R | ||||||||||
| Income generated | from, and grants | within, | charitable | activities | 268,813 | 233,044 | ||||
| Grants received | ||||||||||
| Arts Council England - | National | Porffolio | 72,696 | 72,696 | ||||||
| Worcester City Council | 5,000 | |||||||||
| Bransford Trust | 15,000 | |||||||||
| Creative Alliance | 250 | |||||||||
| Worcestershire County |
Council | 8,179 | ||||||||
| National Lottery Award |
34,650 | |||||||||
| Innovate UK |
46,902 | |||||||||
| Cadent Foundation | 16,800 | |||||||||
| Arts Council England | - | National | Lottery Project Grants | 44,829 | ||||||
| 145,954 | 171,048 | |||||||||
| 5 | Charitable activities |
|||||||||
| 2022 | 2021 | |||||||||
| Staff costs | 114,681 | 107,491 | ||||||||
| Depreciation and |
impairment | 5,833 | 6,362 | |||||||
| Production costs | 56,521 | 23,900 | ||||||||
| Staff training | 702 | 1,094 | ||||||||
| Marketing | 10,201 | 2,134 | ||||||||
| Conferences | 152 | 73 | ||||||||
| Travelling and motor expenses |
12,073 | 4,044 | ||||||||
| Meeting costs | 2,197 | 495 | ||||||||
| Office costs | 14,255 | 11,541 | ||||||||
| insurance | 1,626 | 1,?14 | ||||||||
| Subscription s |
1,444 | 2,146 | ||||||||
| Office rent | 5,117 | 1,797 | ||||||||
| Bank charges | 395 | 272 | ||||||||
| Freelance project | workers | 7,589 | 11,821 | |||||||
| Bad debt expense | 1,438 | |||||||||
| 232,786 | 176,322 | |||||||||
| Share ofgovernance | costs (see note 6) | 24,365 | 23,352 | |||||||
| 257,151 | 199,674 |
| 6 | Support and governance | Support and governance | costs | |||||
|---|---|---|---|---|---|---|---|---|
| Governance | 2022 | 2021 | Basis ofallocation | |||||
| costs | ||||||||
| Staff costs | 20,872 | 20,872 | 20,341 | Charitable | activity | |||
| Board meeting costs | 18 | Governance | ||||||
| Legal and professional | fees | 1,105 | 1,105 | 95 | Governance | |||
| independent examiners |
fees | 2,388 | 2,388 | 2,898 | Governance | |||
| 24,365 | 24,365 | 23,352 | ||||||
| Analysed between |
||||||||
| Charitable activities |
24,365 | 24,365 | 23,352 |
| Total | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | ||||||||
| 2022 | 2021 | |||||||
| Net | loss | on | disposal | oftangible | fixed | assets | 156 |
| The average |
monthly numbe |
r ofemployees during the year w |
as: | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number | Number | |||
| Management | and charitable | activities | ||
| Administration | ||||
| Employment | costs | 2022 | 2021 | |
| Wages and salaries | 120,219 | 113,321 | ||
| Social security | costs | 8,378 | 7,769 | |
| Other pension | costs | 6,956 | 6,742 | |
| 135,553 | 127,832 |
| Tangible fix | ed assets | ||||
|---|---|---|---|---|---|
| Fixtures„Motor | vehicles | Total | |||
| fittings & | |||||
| equipment | |||||
| R | |||||
| Cost | |||||
| At 1 April 2021 | 70,137 | 23,980 | 94,117 | ||
| Additions | 17,096 | 17,096 | |||
| At 31 March | 2022 | 87,233 | 23,980 | 111,213 | |
| Depreciation | and Impairment | ||||
| At 1 April 2021 | 62,385 | 23,980 | 86,365 | ||
| Depreciation | charged | in the year | 5,833 | 5,833 | |
| At 31 March | 2022 | 68,218 | 23,980 | 92,198 | |
| Carrying amount |
|||||
| At 31 March | 2022 | 19,015 | 19,015 | ||
| At 31 March | 2021 | 7,752 | 7,752 |
| 11 | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Amounts failing due |
within one year: | ||||
| Trade debtors | 34,250 | 100 | |||
| Prepayrnents | and accrued income | 1,545 | 15,352 | ||
| 35,795 | 15,452 | ||||
| 12 | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Other taxation | and social security | 3,401 | 3,265 | ||
| Trade creditors | 12,123 | 2,323 | |||
| Accruals and | deferred | income | 5,342 | 4,327 | |
| 20,866 | 9,915 |
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| F | |||
| Fund balances at 31 March 2022 are represented | by: | ||
| Tangible assets | 19,015 | 7,752 | |
| Current assetsl(liabilities) | 95,795 | 92,706 | |
| 114,810 | 100,458 |