2023-03-31-accounts

				Page
Reference and administrative			details ofthe Charity, its Triistsss slid advisers
Trustees' report				2- 10
Independent	auditors'	report	on the financial statements	11-14
Consolidated	statement	offinancial activities		15
Consolidated	balance sheet			16-17
Charity balance sheet				18-19
Consolidated	statement	ofcash flows		20
Notes to the	financial statements			21-42

Trustees			P LWhitehurst	P LWhitehurst
			T R Clarke
			A Lawson
			D L Stevens
			SC H Poole
			LSR Device		(resigned		15February	2023)
			A Senior
			N E Farrer
			SJ Hunt
			SL H Newton
			LChirwa
Company	registered
number			03927101
Charity registered
number			1086789
Registered		office	Brewery Arts
			122A Highgate
			Kendal
			Cumbria
			LA9 4HE
Company	secretary		H Askew
Chief executive officer			M Randall
Independent		auditors	Armstrong	Watson		Audit Limited
			Chartered	Accountants			&Statutory	Auditors
			Fairview House
			Victoria Place
			Carlisle
			Cumbria
			CA1 1HP
Bankers			Yorkshire	Bank
			7 Stricklandgate
			Kendal
			Cumbria
			LA9 4NB
Solicitors			Milne Moser Solicitors
			Westmorland		House
			The Square
			Milnthorpe
			Cumbda
			LA7 7QJ

		FOR THE YEA	R ENDED 31	MARCH 2023
		Endowment	Restricted	Unrestricted	Total	To/a/
		funds	funds	funds	funds	funds
		2023	2023	2023	2023	2022
	Note	E	E	E	E
Income and
endowments from:
Donations and legacies		340	182,170	515,593	698,103	868,743
Charitable activities				721,086	721,086	481,134
Other trading activities				683,016	683,016	398,578
Investments				3,304	3,304	5,492
Other income						TO,713
Total income and
endowments		340	182,170	1,922,999	2,105,509	1,824,660
Expenditure on:
Raising funds and other trading expenses	8,9			656,662	656,662	488,3/e
Charitable activities	10	1	240,408	1,551,579	1,791,988	1,438,650
Total expenditure		1	240,408	2,208,241	2,448,650	1,926,978
Net
income/(expenditure)
before net
(losses)/gains on investments		339	(5&,238)	(285,242)	(343,141)	(102,318)
Net (losses)/gains on investments		(4,407)			(4,407)	30,041
Net expenditure		(4,068)	(58,238)	(285,242)	(347,548)	(T2,277)
Transfers between
funds	21	(240,000)		240,000
Net movement in
funds		(244,068)	(58,238)	(45,242)	(347,548)	(T2,277)
Reconciliation of
funds:
Total funds brought forward		393,755	805,567	1,537,220	2,736,542	2,eoe,e/9
Net movement in funds		(244,06&)	(58,238)	(45,242)	(347,548)	(T2,277)
Total funds carried
forward		149,687	747,329	1,491,978	2,388,994	2,T36,542

		CONSOLIDATED	BALANCE SHEET
		AS AT 31	MARCH 2023
		Note	2023f		2022f
Fixed assets
Tangible assets		15	2,465,179		2,703,757
Investments		16	249,687
			2,714,866		2,703,757
Current assets
Stocks		17	17,156	15,463
Debtors		18	34,957	81,062
Cash at bank and	in hand		50,996	382,074
			103,109	478,599
Creditors: amounts	falling due within	one
year		19	(390,092)	(373,581)
Net current assets ILiabilities			(286,983)		I05,018
Total assets less	current liabilities		2,427,883		2,808,775
Creditors: amounts	falling due after	more
than one year		20	(38,889)		(72,233)
Total net assets			2,388,994		2,736,542

		AS AT 31 MARCH	2023
		Note	2023 8	2022f
Charity funds
Endowment	funds	21	149,687	393,755
Restricted funds		21	747,329	805,567
Unrestricted	funds	21	1,491,978	1,537,220
Total funds			2,388,994	2,736,542

		THE KENDAL	THE KENDAL	BREWERY ARTS CENTRE TRUST LIMITED	BREWERY ARTS CENTRE TRUST LIMITED	BREWERY ARTS CENTRE TRUST LIMITED
			(A	company	limited	by guarantee)
			REGISTERED NUMBER: 03927101
				CHARITY	BALANCE SHEET
				AS AT	31 MARCH 2023
						2023		2022
				Nate		6
Fixed assets
Tangible assets				15		2,457,972		2,694,779
Investments				16		299,587		49,900
						2,757,559		2,744,679
Current assets
Debtors				18		34,397	82,836
Cash at bank and m hand						770	369,436
						35,167	452,272
Creditors: amounts	falhng	due within	one
year				19		(347,175)	(339,656)
Net current assets 1Liabilities						(312,008)		112,614
Total assets less current		liabilities				2,445,551		2,857,293
Creditors: amounts	falling	due after	more
than one year				20		(38,889)		(72,233)
Total net assets						2,406,662		2,785,060

			AS AT 31 MARCH	2023
				2023	2022
			Note	6	8
Cha rity fun		de
Endowment		funds		149,687	393,756
Restricted	funds			747,330	805,569
Unrestricted		funds		1,509,645	1,585, 735
Total funds				2,406,662	2,785,060

			FOR TH	E YEAR EN	DED 31 MARCH 202	3
						2023f	2022f
Cash tlows trom operating			activities
Net cash	used in operating	activities				(15,141)	196,707
Cash flows from investing			activities
Dividends,	interests and rents from investments					3,304	5,492
Purchase	of tangible fixed assets					(31,814)	(190,673)
Proceeds	from sale of investments						360,661
Purchase	of investments					(254,094)
Net cash	(used in)/provided		by investing	activities		(282,604)	175,480
Cash flows from financing			activities
Repayments of borrowing						(33,333)	(33,322)
Net cash	used in financing		activities			(33,333)	(33,322)
Change in cash and cash			equivalents in	the year		(331,078)	338,865
Cash and	cash equivalents		at the beginning	ofthe year		382,074	43,209
Cash and	cash equivalents		at the end of	the year		50,996	382,074
The notes	on pages 21 to 42 form part of these financial				statements

		Endowment	Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds	funds
		2023f	2023 f	2023 f	2023f	2022f
Grants
Arts Council	- NPO			327,776	327,776	327,776
Arts Council	—Cultural
Recovery			35,670		35,670	235,530
Arts Council	- ODF		50,000		50,000	82,121
South Lakeland District Council			67,500		67,500	65,500
David support						5,000
Brewery Arts	Centre
Endowment	Trust			124,073	124,073	66,000
Cumbria County Council				10,000	10,000	10,000
Kendal Town	Council			10,000	10,000	10,000
Film Hub North			29,000		29,000	29,000
SirJohn Fisher Foundation				2,400	2,400
Kendal Town	Council (Dance
Platform)				1,000	1,000
Cumbria County Council
(Engagement	Programme)			5,085	5,085
Rayne Foundation
(Engagement	Programme)			12,244	12,244
Other Grant	Income			550	550
SLDC Restart grant						18,000
Subtotal detailed disclosure			182,170	493,128	675,298	851,027
Donations		340		22,465	22,805	17,716
Subtotal		340		22,465	22,805	17,716
		340	182,170	515,593	698,103	868,743
Tel aI 2022		471	413,251	455,021	868,743

	Unrestricted	Total	Total
	funds	funds	funds
	2023 6	2023f	2022f
Cinema	251,610	251,610	204,869
Stage on Screen	28,383	28,383	4,20T
Adult Education	58,957	58,957	65,924
Youth Education	44,118	44,118	32,813
Theatre/Dance/Literature	34,300	34,300	8,238
Music	153,318	153,318	59,406
Comedy	38,957	38,957	30,343
Funded Projects			2,000
Other Income	111,443	111,443	T3,334
	721,086	721,086	481,134

			Unrestricted	Total	Total
			funds	funds	funds
			2023f	2023f	2022
	Bar 8, catering		648,475	648,475	374,497
	Car park income		30,384	30,384	23,353
	Other income		4,157	4,157	728
			683,016	683,016	398,578
6.	Investment	income
			Unrestricted	Total	Total
			funds	funds	funds
			2023 6	2023 6	2022f
	Income from	local listed investments	3,304	3,304	5,492

					Unrestricted	Total	Total
					funds	funds	funds
					2023f	2023 6	2022 5
	Coronavirus	Job Retention Scheme					70,713
8.	Expenditure		on raising funds
					Unrestricted	Total	Total
					funds	funds	funds
					2023 6	2023 6	2022f
	Expenditure		on raising voluntary	income
	Wages and salaries				31,637	31,637	32,845
	National Insurance				4,010	4,010	3,203
	Pensions				1,116	1,116	1,321
	Direct costs				910	910	221
	Support costs				4,051	4,051	3,954
					41,724	41,724	41,544
9.	Other trading		expenses
					Unrestricted	Total	Toiat
					funds	funds	funds
					2023f	2023	2022f
	Cost ofsales				245,856	245,856	138,055
	Administration		expenses		56,960	56,960	45,405
	Administration		staff costs		306,640	306,640	251,356
	Depreciation				2,283	2,283	9,923
	Car park costs				3,199	3,199	2,024
					614,938	614,938	445,774

			Restricted	Unrestricted
			funds	funds	Total	Tolal
			2023 6	2023 f	2023f	2022f
Cinema			29,000	300,673	329,673	280,413
Stage on	screen			69,686	69,686	34,929
Live events			16,875	512,218	529,093	309,697
Creative	learning		16,875	155,647	1?2,522	97,974
Education	&Outreach		16,875	160,867	177,742	165,708
Supportcosts			160,783	352,488	513,271	549,939
			240,408	1,551,579	1,791,987	1,438,660
?olsl 2022			533,337	905,323	1,438,660
Analysis	ofexpenditure	by activities
			Activies
			undertaken	Support
			directly	costs	Total	Total
			2023	2023	2023	2022
			E	6	6
Cinema			126,830	202,843	329,673	280,413
Stage on	screen		18,699	50,987	69,686	34,929
Live events			234,430	294,663	529,093	309,596
Creative	learning		78,181	94,341	172,522	97,974
Education	&Outreach		27,157	150,585	177,742	165,708
Support costs				513,271	513,271	549,940
			485,297	1,306,690	1,791,987	1,438,660
Total 2022			320,020	1,118,640	1,438,660

			Grniip	Gmnp	Charity	Charily
			2023f	2022f	2023 E	2022f
Wages and	salaries		1,006,073	750,234	719,576	516,642
Social security costs			67,714	50,284	52,658	36,902
Contribution	to defined contribution	pension
schemes			24,297	34,248	19,010	29,856
			1,096,084	834,766	791,444	583,400

		Group	Group	Charity	Charily
		2023	2022	2023	2022
		No.	No.	No.	No
Administration	and management	11	10		10
Bar and catering		24	21
SUpport		15	'l3	15	13
Activity		15	9	15
		65	53	41	32

	Freehold	Plant and	Fixtures and	Computer
	property 6	machinery f.	fittings f.	equipment 6	Totalf
Cost or valuation
At 1 April 2022	4,380,369	18,115	932,779	258,524	5,589,787
Additions		512	21,439	9,863	31,814
Disposals	(18,755)	(1,422)	(88,177)		(108,354)
At 31 March 2023	4,361,614	17,205	866,041	268,38?	5,513,247
Depreciation
At 1 April 2022	2,509,111	9,137	286,508	81,274	2,886,030
Charge for the year	87,607	1,825	92,399	66,820	248,651
On disposals	(3,944)	(964)	(81,705)		(86,613)
At 31 March 2023	2,592,774	9,998	297,202	148,094	3,048,068
Net book value
At 31 March 2023	1,768,840	7,207	568,839	120,293	2,465,179
At 31March 2022	1,871,255	8,975	545,271	177,250	2,703,757

	Freehold	Fixtures and	Computer
	property f	fittings E	equipmentf	Total E
Cost or valuation
At 1 April 2022	4,380,369	932,779	258,524	5,571,6?2
Additions		21,439	9,863	31,302
Disposals	(18,755)	(88,177)		(106,932)
At 31 March 2023	4,361,614	866,041	268,387	5,496,042
Depreciation
At 1 April 2022	2,509,111	286,508	81,274	2,876,893
Charge for the year	87,607	92,399	66,820	246,826
On disposals	(3,944)	(81,705)		(85,649)
At 31 March 2023	2,592,774	297,202	148,094	3,038,070
Net book value
At 31 March 2023	1,768,840	568,839	120,293	2,457,972
At 31March 2022	1,871,258	546,271	177,250	2,694,779

				Listed
				investments
Group				6
Cost or valuation
Additions				254,094
Revaluations				(4,407)
At 31 March 2023				249,687
Net book value
At 31 March 2023				249,687
	Investments
	In
	subsidiary		Listed
Charity	companies	f	investments 6	Totalf
Cost or valuation
At 1 April 2022	49,900			49,900
Additions			254,094	254,094
Revaluations			(4,407)	(4,407)
At 31 March 2023	49,900		249,687	299,587
Net book value
At 31 March 2023	49,900		249,687	299,587
At 31March 2022	49,900			49,900

Name			Company	Registered office	or principal	Principal	activity
			number	place ofbusiness
Kendal	Catering	Company	01064847	Brewery Arts, 122a Highgate,		Catering
Limited				Kendal, Cumbria,	England, LA9
				4HE

	Name				Incomef	Expendituref	Expendituref	Profit/(Loss) / Surplus/	Profit/(Loss) / Surplus/	Net assetsf
									(Deficit) for
									the yearf
	Kendal	Catering Company		Limited	694,430		(663,578)		30,852	32,332
17.	Stocks
									Group	Group
									2023f	2022f
	Finished	goods and goods		for resale					17,156	15,463
18.	Debtors
					Group		Group		Charity	Charily
						2023f	2022f		2023f	2022f
	Due within one year
	Trade debtors				6,982		5,590		6,730	5,229
	Amounts	owed by group undertakings								3,005
	Prepayments		and accrued	income	27,975		75,472		27,667	74,601
					34,957		81,062		34,397	82,836

			Group	Group	Charity	Charily
			2023f	2022f	2023f	2022
Bank overdrafts			2,120		2,120
Bankloans			33I333	33,323	33333	33,323
Trade creditors			65,955	61,217	43,525	48,513
Amounts owed	to group undertakings				4,090
Other taxation	and social security		101,831	71,898	87,706	60,399
Other creditors			40,753	53,165	40,152	52,676
Accruals and deferred		income	146,100	153,978	136,249	144,T47
			390,092	373,581	347,175	339,658

								Balance at
		Balance at 1				Transfers	Gains/	31 March
		April 2022 f	Income E	Expenditure	8	in/outf	(Losses) f	2023 5
Unrestricted
funds
Designated
funds
Buildings	fund	1,733,761		(102,416)				1,631,345
General	funds
General	Funds-
all funds		(148,021)	1,239,983	(1,453,661)		240,000		(121,699)
Trading		(48,520)	683,016	(652,164)				(17,668)
		(196,541)	1,922,999	(2,105,825)		240,000		(139,367)
Total
Unrestricted
funds		1,537,220	1,922,999	(2,208,241)		240,000		1,491,978
Endowment
funds
BISFPermanent		253,754	340			(100,000)	(4,407)	149,687
BISF
Expendable		140,001		(1)		(140,000)
		393,755	340	(1)		(240,000)	(4,407)	149,687

								Balance at
		Balance at 1				Transfers	Gains/	31 March
		April 2022 5	income f	Expenditure	f	in/out f	(Losses) 5	2023 f
Restricted
funds
Centre
Development		212,012		(31,690)				180,322
Our Digital
Future		629,225	50,000	(112,218)				567,007
Cultural
Recovery		(35,670)	35,670
Cultural	Cinema
Programme			29,000	(29,000)
Strategic
Cultural
Partnerships			67,500	(67,500)
		805,567	182,170	(240,408)				747,329
Total of	funds	2,736,542	2,105,509	(2,448,650)			(4,407)	2,388,994

Stateme	nt offun	ds - prior year
								Balance al
		Balance al				Transfers	Gainer	31March
		1 April 2021f	Income f	Expenditure	f	inyoelf	(Losses)f	2022f
Unrestricted
funds
Designated
funds
Building	fund	772,120		(19,890)		981,531		1,733,761
General	funds
General	Funds-
all funds		(267,821)	941,647	(885,375)		63,528		(148,021)
Trading		(29,435)	398,578	(417,663)				(48,520)
Job retention
scheme			70,713	(70,713)
		(297,256)	1,410,938	(1,373,751)		63,528		(196,541)
Total
Unrestricted
funds		474,864	1,410,938	(1,393,64	1)	1,045,059		1,537,220
Endowment
funds
BISFPermanent		238,318	471			14,965		253,754
BISF
Expendable		124,925				(14,965)	30,041	140,001
		363,243	471				30,041	393,755
Restricted
funds
Centre
Development		231,655		(19,643)				212,012
Our Digital
Future		670,707	82,121	(123,603)				629,225
Cultural
Recovery		23,684	236,630	(232,456)		(63,528)		(35,670)
Cultural	Cinema
Programme			29,000	(29,000)
								Page 38

Summary	offunds	- current year
							Balance at
	Balance at 1				Transfers	Gains/	31 March
		April 2022 6	Income f	Expenditure f	in/out F	(Losses) f	2023 f
Designated
funds		1,733,761		(102,416)			1,631,345
General funds		(196,541)	1,922,999	(2,105,825)	240,000		(139,367)
Endowment
funds		393,755	340	(1)	(240,000)	(4,407)	149,687
Restricted	funds	805,567	182,170	(240,408)			747,329
		2,736,542	2,105,509	(2,448,650)		(4,407)	2,388,994
Summary	offunds	- prior year
							Balance at
		Balance at			Transfers	Gainsr	31March
		1 April 2021f	Income f	Expenditure f	in7outf	(Losses)f	2022f
Designated
funds		772,120		(19,890)	981,531		1,733,761
General funds		(297,256)	1,410,938	(1,373,751)	63,528		(195,541)
Endowment
funds		363,243	471			30,041	393,755
Restricted	funds	1,970,712	413,251	(533,337)	(1,045,059)		805,557
		2,808,819	1,824,660	(1,925,978)		30,041	2,736,542

Analysis	ofnet assets between funds -	current year
		Endowment	Restricted	Unrestricted	Total
		funds	funds	funds	funds
		2023f	2023 f	2023 f	2023 f.
Tangible	fixed assets		747,329	1,717,850	2,465,179
Fixed asset investments		149,687		100,000	249,687
Current	assets			103,109	103,109
Creditors	due within one year			(390,092)	(390,092)
Creditors	due in more than one year			(38,889)	(38,889)
Total		149,687	747,329	1,491,978	2,388,994

Analysis	ofn	et assets between funds -	prior year
			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2022f	2022 f	2022 f	2022f
Tangible	fixed	assets		755,044	1,948,713	2,703,757
Current	assets		393,753	50,523	34,323	478,599
Creditors	due	within one year			(373,581)	(373,581)
Creditors	due	in more than one year			(72,233)	(72,233)
Total			393,753	805,567	1,537,222	2,736,542

							Group	Group
							2023	2022f
	Net expenditure for	the year (as per Statement				of Financial Activities)	(347,548)	(72,277)
	Adjustments for:
	Depreciation charges						248,651	249,067
	Dividends, interests	and rents		from investments			(3,304)	(5,492)
	Loss on the sale of	fixed assets					21,741	14,342
	Increase in stocks						(1,693)	(9,624)
	Decrease/(increase)		in debtors				46,105	(479)
	Increase in creditors						16,500	21,171
	Fair value gain/(loss)		in P8 L				4,407
	Net cash provided	by/(used		in) operating	activities		(15,141)	198,708
25.	Analysis ofcash and cash equivalents
							Group	Group
							2023f	2022f
	Cash in hand						50,996	382,074
	Total cash and cash		equivalents				50,996	382,074
								Page 41

						Other non-
				At 1 April		cash	At 31 March
				2022	Cash flows	changes	2023
				6	6		E.
Cash	at bank and in hand			382,074	(331,078)		50,996
Bank	overdrafts	repayable	on demand		(2,120)		(2,120)
Debt	due within	1 year		(33,323)	(33,323)	33313	(33,333)
Debt	due after I year			(72,233)		33,344	(38,889)
				276,518	(366,521)	66,657	(23,346)

under non-	cance8able operating leases as follows:
		Group	Group
		2023 6	2022f
Not later than I year		4,716	4,716
Later than	I year and not later than 5years	7,150	11,866
		11,866	16582