**REGISTERED COMPANY NUMBER: 03451420 (England and Wales) REGISTERED CHARITY NUMBER: 1090149**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022**
## **FOR**
## **ART FOR THEIR SAKE LIMITED**
Guild Appleton Limited Chartered Certified Accountants Number 19 Old Hall Street Liverpool Merseyside L3 9JQ
**ART FOR THEIR SAKE LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Statement of Financial Activities**||3||
|**Balance Sheet**|4|to|5|
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||
**ART FOR THEIR SAKE LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
A.F.T.S has successfully completed all this year's projects, aims and objectives within selected schools in the North West and North Wales, and Lancashire.
1: This year we have attracted Lottery funding, donations and some partnership funding, all helping us sustain the maintenance, tax and insurance, upkeep of the vehicles, domain registrations and website renewals and upkeep. We have further developed our creative hub area in West Lancashire known as "Communitas" and is used by our volunteer helpers, and the local community including other charitable organizations helping to facilitate various workshops, creative activities and tuition.
2: Our creative team and volunteers as usual have been really prolific and busy and innovative concerning our projects, ensuring maximum benefit and enriching the participants and the end user, and the institutions. Our benefactors include the "Rainbow Kids" special needs care centre, catering for 5-25 year Olds. The Art For Their Sake team have improved the complexion of the special needs centre, by creating and painting extensive and vibrant 8x4 Medite M.D.F boards, creating a beautiful under the sea wonderland with Dolphins, coral, exotic fish etc.
## **Significant activities**
The Art For Their Sake team has been engaged in embracing many local community charities, care groups, and CIC like the fabulous, Social Wellbeing organization and other connected groups. We have also provided projects and tuition for specific specialist primary schools and academies; all of the projects were a resounding success and have led to many future opportunities and projects.
AFTS provided a substantial all inclusive and educational mural art project at "Plas Derwin" school North Wales, catering for all demographics within the school, and all abilities.
The students and pupils attended several workshops culminating in the creation of an extensive tropical rainforest scenario featuring all the requested animals, flora and fauna, reptiles and insects etc. This project was a huge success and has led to similar project schemes being requested in the North Wales area.
## Communitas art and crafts hub
Art for their sake has had great success in combining the various "Communitas" community arts and craft events providing practical tuition and guidance within the creation of a huge mural on 8x4 M.D.F segments that would also be donated to various children's institutions.
These AFTS practical workshops are also linked in with our fundraising events and charitable weekend events.
## Therapeutic spaces (Quiet Rooms)
After many years our mentors and volunteers are still creating many quiet room environments within children's schools, the latest of which was within "Maplewood Grove School" in Chester, where we had once again created the opportunity for the pupils and volunteers to actively engage in the creative process, painting, and building this 360 degree therapeutic environment featuring wildlife and nature.
## **Volunteers**
Art for Their Sake Ltd is appreciative of the valuable contribution of our volunteers and are pleased that we have attracted many more volunteers over the years.
Page 1
**ART FOR THEIR SAKE LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Art For Their Sake Limited is run to provide art work and interactive murals in hospitals and special needs centres. The company (Company Registration No: 3451420), is governed by its Memorandum and Articles of Association and is limited by guarantee. (Charity Registration No: 1090149) is registered as a charity under the Charities Act 1960.
## **Recruitment and appointment of new trustees**
Trustee directors are elected at the AGM. Trustee directors can be appointed at other times in particular circumstances.
## **Organisational structure**
The board of trustees can have a minimum of 3 members. The board meets regularly to discuss the plans for the charity and funding developments. A Business manager is appointed by the trustees to manage the day to day operations of the charity.
## **Induction and training of new trustees**
New trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03451420 (England and Wales)
## **Registered Charity number**
1090149
## **Registered office**
Landmark Cottage Clieves Hill Lane Aughton Merseyside L39 7HP
## **Trustees**
G Nicholas M Winders Mrs A D Smith Family Support Worker Mrs S Foster Higgins Museum Officer
## **Company Secretary**
Mrs A D Smith
Approved by order of the board of trustees on 21 June 2023 and signed on its behalf by:
Mrs A D Smith - Trustee
Page 2
**ART FOR THEIR SAKE LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022**
|||**31.10.22**|31.10.21|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**fund**|funds|
||Notes|**£**|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||**27,465**|16,266|
|**EXPENDITURE ON**||||
|Raising funds||**17,340**|11,356|
|**Charitable activities**||||
|Charitable Activities Expenses||**9,348**|9,415|
|Other||**699**|-|
|**Total**||**27,387**|20,771|
|**NET INCOME/(EXPENDITURE)**||**78**|(4,505)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||**76,106**|80,611|
|**TOTAL FUNDS CARRIED FORWARD**||**76,184**|76,106|
The notes form part of these financial statements
Page 3
**ART FOR THEIR SAKE LIMITED**
## **BALANCE SHEET**
## **31 OCTOBER 2022**
|**31.10.22**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
6
**28,224**
**CURRENT ASSETS**
Prepayments and accrued income
**683**
Cash at bank
**57,742**
**58,425**
**CREDITORS**
Amounts falling due within one year
7
**(10,465)**
**NET CURRENT ASSETS**
**47,960**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**76,184**
**NET ASSETS**
**76,184**
**FUNDS**
8
Unrestricted funds
**76,184**
**TOTAL FUNDS**
**76,184**|31.10.21
Total
funds
£
35,692
683
58,456
59,139
(18,725)
40,414
76,106
76,106
76,106
76,106|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
**ART FOR THEIR SAKE LIMITED**
## **BALANCE SHEET - continued**
## **31 OCTOBER 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 June 2023 and were signed on its behalf by:
G Nicholas - Trustee
A D Smith - Trustee
The notes form part of these financial statements
Page 5
**ART FOR THEIR SAKE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**31.10.22**|31.10.21|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**7,468**|9,415|
Page 6
continued...
**ART FOR THEIR SAKE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|||**31.10.22**|31.10.21|
|---|---|---|---|
||staff|**-**|2|
||No employees received emoluments in excess of £60,000.|||
|**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
||||Unrestricted|
||||fund|
||||£|
||**INCOME AND ENDOWMENTS FROM**|||
||Donations and legacies||16,266|
||**EXPENDITURE ON**|||
||Raising funds||11,356|
||**Charitable activities**|||
||Charitable Activities Expenses||9,415|
||**Total**||20,771|
||**NET INCOME/(EXPENDITURE)**||(4,505)|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||80,611|
||**TOTAL FUNDS CARRIED FORWARD**||76,106|
continued...
Page 7
**ART FOR THEIR SAKE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022**
## **6. TANGIBLE FIXED ASSETS**
|**6.**|**TANGIBLE FIXED ASSETS**||||||
|---|---|---|---|---|---|---|
|||Fixtures|||||
|||and||Motor|Computer||
|||fittings||vehicles|equipment|Totals|
|||£||£|£|£|
||**COST**||||||
||At 1 November 2021 and 31 October 2022|**9,668**||**40,938**|**2,519**|**53,125**|
||**DEPRECIATION**||||||
||At 1 November 2021|**6,790**||**8,195**|**2,448**|**17,433**|
||Charge for year||**900**|**6,548**|**20**|**7,468**|
||At 31 October 2022|**7,690**||**14,743**|**2,468**|**24,901**|
||**NET BOOK VALUE**||||||
||At 31 October 2022|**1,978**||**26,195**|**51**|**28,224**|
||At 31 October 2021|2,878||32,743|71|35,692|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
||||||**31.10.22**|31.10.21|
||||||**£**|£|
||Accrued expenses||||**10,465**|18,725|
|**8.**|**MOVEMENT IN FUNDS**||||||
||||||Net||
|||||At|movement|At|
|||||1.11.21|in funds|31.10.22|
|||||£|£|£|
||**Unrestricted funds**||||||
||General fund|||**76,106**|**78**|**76,184**|
||**TOTAL FUNDS**|||**76,106**|**78**|**76,184**|
||Net movement in funds, included in the above are as follows:||||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||£|£|£|
||**Unrestricted funds**||||||
||General fund|||**27,465**|**(27,387)**|**78**|
||**TOTAL FUNDS**|||**27,465**|**(27,387)**|**78**|
continued...
Page 8
**ART FOR THEIR SAKE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
||At|movement|At|
|1.11.20||in funds|31.10.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|80,611|(4,505)|76,106|
|**TOTAL FUNDS**|80,611|(4,505)|76,106|
|Comparative net movement in funds, included in the above are as follows:||||
|Incoming||Resources|Movement|
|resources||expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|16,266|(20,771)|(4,505)|
|**TOTAL FUNDS**|16,266|(20,771)|(4,505)|
|A current year 12 months and prior year 12 months combined position is as follows:||||
|||Net||
||At|movement|At|
|1.11.20||in funds|31.10.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|80,611|(4,427)|76,184|
|**TOTAL FUNDS**|80,611|(4,427)|76,184|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|43,731|(48,158)|(4,427)|
|**TOTAL FUNDS**|43,731|(48,158)|(4,427)|
continued...
Page 9
**ART FOR THEIR SAKE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 October 2022.
Page 10
**ART FOR THEIR SAKE LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022**
|**FOR THE YEAR ENDED**|**31 OCTOBER 2022**||
|---|---|---|
||31.10.22|31.10.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**27,465**|16,266|
|**Total incoming resources**|**27,465**|16,266|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Materials & Artist fee's|**15,140**|9,037|
|Raising Funds|**2,200**|-|
||**17,340**|9,037|
|**Charitable activities**|||
|Motor & Travelling|**480**|-|
|Fixtures and fittings|**900**|1,200|
|Motor vehicles|**6,548**|8,195|
|Computer equipment|**20**|20|
||**7,948**|9,415|
|**Other**|||
|Computer Costs|**699**|-|
|**Support costs**|||
|**Management**|||
|Insurance|**99**|1,179|
|**Finance**|||
|Bank charges|**61**|-|
|**Governance costs**|||
|Accountancy and legal fees|**1,240**|1,140|
|Total resources expended|**27,387**|20,771|
|**Net income/(expenditure)**|**78**|(4,505)|
This page does not form part of the statutory financial statements
Page 11