REGISTERED COMPANY NUhlBER: 04276250 (England alld Wales} REGISTERED ciIAiirtY YUThIBER: 1091217 Re ort of the Trnstees and UDaudited FIDancial Statements for the Year Ended 31 Mart 2024 Artllnk tntre For Communl 360 A¢¢ountants Limited 18-19 Aibion Street Hull East Yorkshire HUI 3TG
Artlink CeDtre For CommuDi . Art$ Con¢ents of the Financial stternets for the Year Ended 31 Mar¢h 2024 Page Report of the Trustees Independent Examiner's Report Statement of FiD2nclnl Aetivitie5 BalaA¢e Sheet 9 to 10 i Otes to the FlnaDdal Statements 1 ty 17 Detniled Statement of Flnantlal Actlvltles 18 to 19
ArtliDk Cenlre For CoTllmunih. Art5 ort ofthe Trustees f r the Year Ended 31 Vlarch 2024 The Trustees submit this annual report and financial sthtem¢llts for the year ended 31 Morch 2024. Page I
Ariunk cetre For Communitt. Arts Re ort ofthe Trustees for the Year Ended 31 Vl rcb 2 24 ACHIEVEMENT AND PEIiFORMANCE Objettlves Artiink begai) in 1982 in response to the nttds of disabled people and other disadvantaged groups. It r¢main5 our mission to dcliver arts programmes which improve the prospects and quality of life of people und ¢omn)uniti¢s in Hull alld the surrounding area. Our commiinity arts programme eligeS ulld¢r-represented communities. t&he5 new skills and rnake5 a positive contribution to impTovin8 mental health and lIb¢ins by overcomiDg isolation and building confidence. Our leorning and artist development programme engages children and young peopl¢. equips &rti8ts. mok¢rs and creatives and promotes careers and sustainable selfmployment in the growing creative and digital Secr. Our 87 Gallery and public engagement progrdmme brings conlempordry visual arts to 8 iTrider audience and contribiites to the culMtal life of the city and region. The total r]umber of people attending our 87 Gallery exhibitions was 2887 [2022123 attendance was 2596 - on increase of I l %] including 382 [391- 2Q/o decrease] under 18s In addition. 5888 uttvndcd external ¢xhibition5 mounted fTOm our groups. The total nuinber of attendances ot our l¢an)ing and participation a¢tivities was 4258 [2714 . 560/0 increase] including A750 [1607 90/fj increttse] under18s. The loial number of artists supported 58 [34 - 7Iy/ty in¢rease]. We worked with 43 [29. 480h increase] Volunlccrs. Creatlve Conn¢crfons - Our ongoing creative ivorkshops for adults with disabilities are distinctive b¢cause we treat participants iiot as people lo bc kept occupied or elltcrtain for a couple of hours, but as artists on their creaiive journeys, We deploy experienced freelance artisls to tailor rnake programme5 of ii'oTK co-produced with participaiils. Our ¢valuations show that participants learn new skills, fecl rnOTe confident and able to take decisions in thcir liv¢s, as well as Inaking new friends. over¢omin8 social isolalion and reporting improved wellbein8. Partners this year were Sighi SupporL Vicioria House Disabililies Trusl. DAllny's Dream - as ivell as an open access group which is held at Artlink. Over the last year members of our group9 have also tsken part ill ivorkshop5 and exhibitions i Humber Street Gallery at Hull and East Riding Museums and ai our 87 Gallery. In the comillg year we plan to expand the number of creative conneclioiL8 pArthets and s10S offered, thanks to a tbree year ant from the National Lotteiy Comrnunity Fund. Tales gnd Scales - Thanks co a nt from Hull City Council we have provided production support and mentoriDg to Emily Oetegcnn to deliver spoken iYOTd events focussing on tbe iVOTk of neurodiverse artists. We plan to continue r)ur support as the event tours other venues in the coming year. I xplorers En Ilbrarhes - This is an ongoiog weekly tern] time cteatii"e ivorkshop5 for 7-1 l year olds delii'ered ivith our par(o¢r, Hull Library Service, tn 3 local librari¢s - Gr¢enwood Av¢ Gipsyville & Ings. Thc project reaches childreii in ai'eas of loiv participation, raising a5PiTations and incre85ing ihe creative orrer available in ¢ommuniti¢s. Tlie groups l)2ve also taken part iii Ihe ¢ity'S holiday Activilies and in the Big MalaTk¢y. The project was fundcd by Hull Library Service and Th¢ Postcode Neishbourhood TtU5L Ex'plorers Looked After - We have ivorked with arts organisations and social 5¢rvi¢es to iiicrc35e IoDg rm the Gily's creatii'e offer and opportimities for youllg people in the care sector in tILe city. thnded by HCC Arts Development. Partner5 are Hull YVIC, Childrens Uni, HCC, ASTRA youth service. The film project 'Just Ask Us, was undertsken by (he young wple and pll)&ed in parinership with My Pockets woo a prestigious National Voice aiiyrd. Page 2
entre For CODJ .Arts ort of the Trustees for the Year Ended 31 March 202 DAN Disability Arts h'ettyork _ Mfe set up DAN in 2017 to work ivith arts organisations arftd disabled artists to iticrease opporlvnilies and to highligbt und overcome barriers lo ac¢e5sing the arts. In tho l&st year ive appointd Dan Watts, a member of tiie Dldeaf community. as cooidinaior of the nettvork in 2023-2024. A total of 23 Arts organi52tions and 61 iiidividuals altended the neiwork ovcr the year. We also ¢xpanded to include ine¢tings in East Riding of Yorkshire. We are 8rateful for practi¢al and financial support from members of Cultural Collisions over the past ycai". 87 Callery Exhibitions Programme - Our 87 Gallery Cxhibition Programme Makes a distittctii-e contribution to tlie city's arts offer. giving residents and visitors to the city to chaoce to sce quality visual arts created by young and emergillg artists from diverse backgrounds. Our team cffiV intenski'e supporE and mentoring to ne[gillg anist& in¢ludiDg opportuniti&8 10 learn new skills. gain exhibition and retail eAperi¢n¢e and pr0C&S their professional prnctice. We commissiolled three artists for major exhibitions feathring Sarn Mets. Lydia Shearsmith and Sola Olulode (in conjuoction ii'itii Ed Cross Fine Art) and during the year. IOOO/o represented under-repre5cntcd groups. IOOO/g of artisis cornmissioned identified as women, traDS or non-binary 330/0 of artists ideniified as Global Majority 670/0 of artists identified as disabled 67 /0 of artists identified as LGBTQ+ 670A of attists identify as working class We also mounted arl exhibition entitled Wiat We Do, feawring 12[ artists from all our outreach and engagement groups. li) addilioll w¢ moun(¢d exhbi itions of the work of parti¢ipants in our groups at Humber Street and Pier Street pop up spaces, al Hull and East Piding Museum. and as part of the Big Malarkey Festiv818t Ea81 Park. 87 Gollery Explorrs This is a core project aled at young people ages 7-16. Coiysisling of w¢ekly after-school worksbops hosted at 87 Gallery. where participants have Ibe opportsjnity to ivork witb artis¢s to dei'elop th¢ir skills, gain Arts Awards accreditation, explore new lechnologics, rnake new friends and develop a practical undcrstsnding of ci'calive careers. The sessions exploTe creative themes and processes ¢onnected to ilie work displayed In Ihe mftin 87 gallery exhibitions, led by our Engagement Producer together with guest creatii'e facilitators. StrÉgms - One Tuesday ei'enitig each moll representstii'es from 87 Gallery atsd The Critical Fish eo-host a serie5 of activities shaped around and encouraging critical reSPODse and creative thinking at 87 Gallery. E8cb series begins ivith all investigarton into the CUTr¢nt 87 Gallery exhibition. followed by sessions which focus on parti¢ipants' ovni practice. TatIng oppor¢unilies to Create and Sha nV work Streams airns to support people to gain confidence in produ¢ing and discussing their oivn creative worK however there 15 no press)Jre on all individual. Streams is for aDyone over the age of 18. at Any point oll their ¢reative joumey. Tlines Till$ is 87 Gauery's oftline publieation. Each issue invite5 creatives to r¢spond to ll tJ)cJne, wilh an open subinission process - anyone, anywhere, can submii work in any Tjiedium. Final selections ar¢ collected and fealured on the 87 Gallery websi1¢ and across our so¢ial mcdia cl)annels. iwv.87gallery.co.uWtimes Diiring tbe year we piiblished one edition on the thejne of Solidarity, 5UPPQrting 12 artists und attrdcting 761 online audience figures. Communlty Vsslty Workshops and Speclal Projects - During ihe year we wel¢om¢d 7 community groups, 3 school visit& look part in 4 community events al delivered 32 community workshops on sile and 42 al external community venues. These Én¢lud¢d refvgee and asylum seeker groups, LGBTQ+ groups and local comrnunity groups. In addition we worked witb Hull York Medical School to deliver filnis SUPPOTting mdical research and knowlcdge exchalltre amongsl PolL5kn and Rornanian wornen and oncology pallents. PagB 3
Artlink CeDtre For CommuDitY Arts ort of the Trustees e Year Ended 31 March 2024 Strategic PartnerJhip$ - In addition ro the delivery partners mentioned abov4 ive h&i"e participated actiitely in partnerships with others to provide strategic leadership in the development of the city arLd the retsion's ¢oinmunity arts and creative sector. These include Hull Ciry Council, East Riding of Yorkshire Council, Hull and East Ridin- CompacL Cultural Collisions. Generation Hull Steering Group, rOnu Hull CVS. Hull and East Riding LGBTQ+ Forum, University of Hull, Marketing Humber (now Huinber Fulur¢). 14EY Bright Futurcs. Hull Refugee Wcek planning committee. We ivorked closely with Absolutely Culwred by brinsing our expertise 8nd experience of community engagemenl and parlicipalion. Funding- The Tru5tee5 gratefully ackno1ledge and appreciate the conttibutioDS and support of our funders over the year. Arts Council England Hull City Cowicil Hull Culture and Leisure Absolutely Culttiird Ashley Family Foundation Sight Support Hull York Medical School Bruce Wake Tn]st The Warren MENCAP Boshier-Hititon Foundation Danny's DrM Cultural Collisions Hull Tlie Poslcode NBighbourhood Trust Joseph aud Annie Cattle Trusl Hull and East Riding Charitable Trust Pe¢1 Project IINANCIAL REVIEW Fin¥ncial position The nel outgoing resources for Ibe year arnouoled to £114,328 'hICh ivhen addedldedu¢ted from fund8 broughi foTwards gives totsl funds carried forwards of £441,044 (included within this figure, there is Freehold Property of £355.700}. Reserves pollcy Ibe Board of Trnstees reviews its Reserves Policy anniially to ensure it meeLs ILS cOntracal liabilities in Ihe broadest sense both as a trading organisation and its sen'ic¢ delivery witbin its aims and objectii.es and articles of associatioii. particular allenlioii being paid to Cbarity Commissions guideline$. JJJ April 2024 the board reaffimied its policy that the chority will maintaiD resmes equal to three month's opcrating costs, plus the cosi of winding up the organisation in the event of emergency to cover Tedundancies and othffl, associated cxpenditure. To this effcct the board has desIle0 reserves of 3 months operating and Willd doThTr costs £69562 Artlink has recognised that it is necessary i) To set down a system of priorities for the allocation of TesouTces ii) Tliese should be i'eviewed on a regular basis iii} Carry out a regukr risk assessment of Artlink's exposure. ArtliJ& will continue to monilor the perfonn4mce and security of its reserve both in cash and inve51menl fund5 to delmntne the best return combined iyith the coD5idered likelihood of the n¢¢d for rnpid access to reserve funds. Artlink ivill continue to carry Out ils monitoring funclion throuJ) th¢ Finance Sub Commiltee who in turn will Jnake recomrneiidations for approval by the ArtIiTJk Board Such Monitoring takes place at least at six nionthly periods. The polkcy forLns part of Artlink's Annual Accounts and Report. Page 4
Artlink" Centre For Comrnvnlh. Arts ort oftbe Trustees for the Year Ended 31 Mareh 202 FiJTURE PLANS Ill the coming year we ivill continue to deliver our pr0.Tarnrn and projecls as funding alloiiis, atsd we will continue to work towards making our ivork more accesstble and inclusii'e at ei'cry level. Our gallery exliibition proor4nune will be in line wiilL our airn to support emerging and diverse Mrti&s. OUT community and engageineiit programines will continue to laYgeL underreprescnled groups. especially people with disabililies. children and youiig people from areas of muliiple deprivation ]d refugees aELd asylum seckers. STRUCTURE, GOVERNANCE AND MANAGEIVJEN'T Governing document The ¢liurity IS ¢Olltrolled by its governing document, a deed of tTusL and CODstitutes a limited company, limiled by 8uarantee. as defined by the Companies Act 2006. Artiink Centre for Community ATts is a cbaritable Company limited by guarnntee IRegislered Company Nuinber 04276250) and registered with e Charity Con)missioners (Regi5*red Charity Number 109J217). The ¢hariry is controlled by its MemoTandum and Arttcle5 of Association dated 23 August 2001. as Ttvised 30 June 2005. The TThstees. Ivho also dire¢tots of the company who served duritvg the year ènd up to the date of tbis report are set out on p&g¢ 6 of this report. Th¢ Trustees welcoined Severine Kipili as a new trus in July 2023. She brings experiellce of working amoDgst refugees and leadin8 the charity Bora Shabaa. The Trustees welcome new members whose lfflowled8e. skills and experience enrich the board. New Tnjstees receii"e induciioii trainiTig and are encouraged to attend additional training as required for ihe conducl of theAT duties. The Trusiees express oppre¢iale for tlie tireless work of the staff team which has enabled Ihe organisation to achieve so Inueli during Ilie year. Re¢rultm¢nt And appolDtment of new trustees The Trustees continue to Seek io re¢rnit new members to widen our knoivledge and skills base. Finally there must be recognition of the manner in ivbich Staff and TSte¢S have adapted tirelessly and embr4ced the neiv ellviToi)ment and ivays of working. Risk management The Trnstees liav¢ a duty to identify And revieiv the risks to ivhicb the chartty is exp08¢d and lo ellSu tbat appropriate controls are in plaee and to provide reasonable assuranccs against fraud and error. They are respoi)sible for keeping propcr accounting CordS, for safegiiarding the asscts of the charity 2nd for tsking reasonable steps for the prevention and deteclion of fraud and other irregularities and to provide reasonable assurance tha¢- ' The cbariry is operating effectively and elriciently" ' Its asscts are safeguarded against unauihoriscd use or d¢position; ' Proper records are maintained and financial information used within Ihe charity or for publications reliable; and ' The ¢hariLy ¢omplies with th¢ relevant laws and regulations. REFERE,CE AI%TI ADMINTSTIL4TIVE DETAILS Rcgistcred Company number 04276250 (England and Wales) Reglstered ChsrRty numbÈr 10912l7 Page 5
ArtIIDk Centre For Communi ' Arts ort of the Trustees for tlie Year Ended 31 March 2 24 Registered office Centre For Community Arts 87 Princes Avenue Hull North T4wnbersid¢ HUS 3QP Trustees Mrs J Adamson MYS J G81brdiih (Yesigned 241512023) Mrs R BinnIngll MrPWatt Mr C Hurst Mrs S Kipili {appointed 24n12023) TndependeTht Examlner 360 Accountants Liujiled 18-19 Albion Street Hull last Yorkshir¢ HUI 3TG Bankers Virgiii Money 10-12 Paragon SITeet 14ull HUI 3ND Approved by order of the board of ttustees on .. . and sI¢d on its behalf by.. on Page 6
Inde endent Examiller'5 Re ort to the Trustees of Artlink Centre For Communi Arts Independent examiner's report to the trustees of Artlink Centre For Community Art5 ('the Company,) I report lo the clrity knistees on my examination of the accouiits of the Company for the ye&r ended 31 March 2024. Responsibilitie5 and basis of report As tl)e cliarity's tsustS of the Company (and also its directors for the puo)oses of company law) you are responsible for the PTq)aration of the accounts in accordance with the requ1ments of the Compani&s Act 2006 ('tl)e 2006 Act,). Having satisfied inyself ihat the accounts of the Company are not required to be aud?ted under Part 16 of th¢ 2006 Act and are eligibl¢ for independent examination, I report in respect of my examination of your cbarity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act). In carrying oul my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner'5 Statement I have completed my exarnination. I confiTm that no matt¢TS have come to my attention in connection with the examination giving me cause lo believe: accounting records were not kept in respect of the Company as Tequired by Section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply witl) the accounting requTrements of Section 396 of the 2006 Act ot]i¢r than any requiremen¢ that the accounts give a tTue and faiT view which is not a matt¢r ¢onsidered as part of an indcpcndent examination. or tlie accounts have not b¢en prepared in ac¢ordance with the metliods and prin¢iples of the Statement of Recominended Practice for ac¢ounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I liave no concerns and have come across no other matt¢Js in connection witll the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sophie Holmes The Institute of Chartered Accountants in EnglaT]d and W8le5 360 Accountants Limited 18- l9 Albion Street Hull East Yorkshire HUI 3TG Date: ., Page 7
Artlink Centrc For Communi Arts Statement of Financial Attivities for the Yew Ended 31 March 2024 3113124 Total funds 3113123 Tolal funds UJwestrRCted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 77,491 106?82 183,873 189,965 Other trading aetivities Investment income Otlier income 13.141 3,066 26,850 39,991 3,066 E4,337 230 5,793 Total 231930 210,325 EXPENDITURE ON Charitable Activity 213,134 133,124 346,258 313,311 NET INCOMEI(EXPENDITURE) (114,436) 108 (114a28) (102,986) RECONCILIATION OF FUNDS Total ndS brouglit fonvard 555J72 555,372 658.358 TOTAL FUNDS CARRIED FORWARD 440 936 108 555 372 The notes fonn part of thc5e fjnancial statements Page 8
Artlink Centre For Communih" Arts B*12nee Sheet 31 Marcli 2 3113124 Total funds 3113123 Total Unrestricted fund Resiricted fi]Ttd Not&8 rilxll D ASSETS Tangible assets 361,427 361827 374,704 CURRENT ASSETS Debtors Cash at bank and in hand io 7,681 110,116 7,681 110,224 3,718 241.475 108 117,797 108 117.905 245,193 CRF.DITORS Ainount5 falling due within one year (38.288) (38,288) (64.525) NET CURRENT ASSETS 79.509 108 79.617 180.668 TOTAL ASSETS LESS CUKRENT LIABILITTES 440,936 108 441,044 555,372 NET ASSETS 44U 936 108 555 372 FUNDS Unrcstri¢ted funds Restricted futtds 12 440.936 108 555,372 TOTAL YUNDS 555 372 The ¢haritable compaay ts titled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the ¢OTnpany to obtain an audit of it$ financial slatements for the year ended 31 March 2024 in accordance wilb Section 476 of the Companies Act 2006. The tru¥lees acknowledg¢ their responsibiliiies for (a) ensuring that th¢ charitable company keeps accounting records that comply witb Sections 386 and 387 of tbe Companics Act 2006 and preparin¥ fmancial stalements which give a Iruc and fair view of Ihe stafe of affairs of the charilable company as al the end of each flnancial year and of its surplus or deficit for each fmancial year ir& accordance with tbe requireinents of Section5 394 and 395 aDd which oiherwise comply witb the Tequ7rem¢nls of the Compsnies Act 2006 r¢latittg to fjnancial Statne1]IS. so far as applicable to the ¢harithble company. (b) The notes form patt of these financial ststements Page 9 continued...
Artlink Centre For .Arts Balance Sheet- continu d 31 March 2024 These financial thiernents have been prepared in accordance with the ptoi'isions applicable to charitable companies subject to the small ¢omponies reginK. The fLnDncial slaten)enls were approved by the Board of TTustres and authoriscd for issue on .......... ........... ...... ............... nd were signed oll lis behalf by: nington - Trust The notes forn) part of these financial statements Pase 10
Artlink Celltre For C munih. Arts Note5 to the Financial StTrtements for the Year Ended 31 March 2024 ACCOUNTTh'C POLICIES Basis of preparing the financial statements The fujancial statements of th¢ charitabl¢ company, which is a public benefit entity under FRS 102, have beeD prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportiiig by Charities.. Statenient of Recommended Praclice applicable lo charilies pffpaTing their accounts in accordance wiib tbe Financial R¢poYling Standard applicable in the UK athd Republic of Ireland IFRS 102) (effectil'e l Janugry 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland, and tlie Con)panics Act 2006. The fjnancial ststements have been prepared under the historical cost convention. as modified by tlie revaluation of certain assets. Income All in¢ome is recognised in the Statement of Financial Activities once the ¢harity has entitlement to tbe funds, it ts probable that the incom¢ iTrill be received and the amount can be measured reliably. Expendlture Lillbililies are re¢ognised as expenditure as soon as there is a legal or consttu¢uv¢ obligation ¢onunitting tlie charity to that expenditure. it is probable that a transfer of economic benefIts will be required in settlement and the au)OUllt of th¢ obligatioo can be mcJsured lIablY. Expenditure is accounied for on an accruals basis and has been classified under lielldings thot aggregate all cost related to the category. Where costs carnot be directly attributed to particulai. headings they have been alloted io aciivities on a basis consistent with the use of resources. TanElble rued assets Deprecialion is prOlded at the folloiving 8nnual rates in order to ivrite off each asset over its estimated useful life. Freehold propErty riixlur¢s and fitrings Computer equipment 2% 00 cost 330/• on cost 330A on cost Taxatlon The charity is exempr from corpordtion tsx on its cbaritable activitie Fund Accoundng Unrestricted funds be ed An accordance with the charitable objectives at the discretion of tbe trusiees. R¢stsicted funds can only be used for particular restriclcd purposes ivithin Ibe objecis of tlie ch8rity. R¢5trictions Arise wllen specified by the donor or when funds arc rdised for particular reStricd puOses, Fiirther explanation of the nAtUTe and purpose of each fvnd is included in the notes to the financsal stateinenls. Pension costs other post-retirement benefits The charitable company operates a defmed CDDtribulion pellsion scheme. Contiibutions payable to ihe Gharitable coinpany's pension scheme are charged to the Stalernent ofFillancial Activities in the period to which they r¢1¢. Page 11 continued...
ArtliDk CeDtre For mmuDi . Art5 Notes to tbt FinaD¢ial tatements - continued he Yellr Eled 31 Mareh 2024 DONATIONS LEGACIES 3U3124 3113123 Donations Grants Grants for Service Delivery 784 183,089 4,100 142.255 183.873 189.965 OTHER TRADING ACTIVITtES 31nn4 3113123 PiY)ject income and room hit 39.991 INVESTME tNCOiIIE 3113124 3113123 Intcrest receivable - trading 230 CHARITABLE ACTIVITY Rgi$ing donotlons and legacies 3113124 3113123 Support costs 216 766 Olher trading 2eliYitles 31r3124 3113r23 PuhaSeS 129,492 109.870 Aggr¢gale Amounts 346,258 313.311 Page 12 continued..
Artllnk Centre F4)r Communih" Arts Notes to the Flnanefal StateTnents - continued for the Year Ended l March ?024 NETThCOMEI(EXPENDITURE) Net incornd(expenditure) 15 stated after chargiDgJ(CTeditingl: 3113124 3113r23 Deprecialioii - owned assets 13,277 13,218 TRUSTEES, RETrI TUNERATION AND BEfftYEFITS There wei'e no lrnslees, remuneraiion or oiher benefits for the year eJJded 31 March 2024 nor for the year ended 31 Mar¢li ?023. Trustees, expenses There were llo uuslees, expenses paid for Ibe year ended 31 March 2024 lloi for the year ended 3 l Marcb 2023. STAFF COSTS 3113124 3113123 Wages and salaries Social secui'ity costs Other pension cos1$ 153,479 12J36 2.144 158,367 10.737 2.916 168.159 172 020 The aveiTr¥e monthly nutnber of employees during the year was as follows: 3113124 3113r)3 Staff Costs No employee5 received emolumcnts in ex¢ess of £60,OIXI. Page 13 ontinued...
Artlink Centre For C mmuni .Arts Notes to the Financial StatemenÉs- continued for the Ye4r Ended 31 March 2024 T¥GIBLE FIXED ASSETS Fixtures and fiitings FTeehold propety Computer eqUIpnt Totsls COST At l April 2023 and 31 March 2024 385.000 23,868 DEPRECIA TTON At l April 2023 Char8e for year 23.900 5,400 10,264 7J77 33,188 67,352 13,277 At 31 March 2024 29 33.188 80.629 NET BOOK VALUE At 31 March 2024 35S 700 361,427 At 31 March 2023 361,100 13.604 374.704 Includd in cost or valuation of laad and buildkngs is freehold land of £115,000 (2023 £1 I5,000) wbicli is not depreciated. Tile property held by the company, 87 Princes Avenue. w&s revalued in the year by an independent valuer. io. DEBTORS: AI¥IOUN]3 FALLllW4G DUE MTHIN ONE YEAR 3113124 3113123 Trade debto Prepayments 2.294 7.681 li. CREDITORS: AMOUNTS FALLEYG DUE 1VITE1 ONE YEAR 3113124 3113f23 Trade creditors Social Security and otlier taxes Other crcditors Deferrcd income .4c¢rued expenses 3,678 2,288 396 30,726 1,614 12.711 49.000 1.200 38288 64,525 Page 14 continued..
Artlink Centre For unStt' Arn N te to the Financial Ststements - continued for theyear Ended 31 Marcl) 202 12. IIIOVEtIlENT IN FUNDS Nei ovemeut in fuuds At 3113124 At 114123 Unrestricted funds General lld 555372 (114,430 440,936 Restricted funds Restricted funds 108 TOTAL FUNDS 555 372 (114 328 Net movement in fijnds, included in the above are as follows: Incolning resources Resources exp¢nded Movement in fiind5 Unrestrlcted funds Genernl fund 98,698 (213,134) (114,436) Rejtrlcted funds Restricted funds 133,232 (133,124) 108 TOTAL FUNDS 231,930 346,258) 114 328) Comparatives for movement In funds Net movement in funds At 3113123 At 114r22 UnrestLlCt¢d funds General fund 658.358 (102,986) 555,372 TOTAL FUN'DS 658.358 102,986 555,372 Page 15 continued...
Artlink Centre For Communi . Note5 to the Finallcial Statements- ¢ontinu for the Year Ended 31 Mar¢h 2024 12. iWIOVEIIIEN'T tN FUNDS- continued Comparative net movement tn fi]nds, included in the above are as follow5: Incoming resource5 Resources expended Movcmcnl lli funds UnrestrAet¢d funds Genernl fijnd 210.325 (313,311) (102.986) TOTAL FUYDS 210.325 313311 102.986) A current year 12 months aad prior year 12 rnonths combined position is as follows.. N¢t movement in fvnds At 114r22 3113124 Unrestricted fund5 Gcn¢ral fund 658J58 (217,422) 440,936 Restrtcted funds R¢stricted funds 108 108 TOTAL FULYDS 658 358 217 314) A current year l2 months and prior year 12 months combined net movement in fvnds, included in the above are as follows: Incoming resourc< Resource$ expended Movement in ndS Unrestrfcted funds General fund 309.023 (526,445) {217,422) Restri¢ted fuDds Restricled funds 133,232 (133,124) 108 TOTAL FUNDS 442 255 659 569 (217,314) Page 16 eoiitinued...
Artlink Centre For onllnunih. Arts otes t th Financial Statements - continued for tlie Year Ended 31 Marth 2024 13. RELATED PARTY DISCLOSURES There were no related parry transactions for the year ended 31 March 2024. Page 17
Artlink Ccntre For ConullUDI "Art5 Detglled StaterneDt of Finaueial Actiiryties for tli ar Ended 31 Mgrch 2024 3 L13124 3113123 COME AND ENDOWMENTS Donations looAcles Donations GrdDts Grdnts for Service Delivery 4,100 142,255 183,089 183,873 189.965 Otts¢r tradlng activities Project income and room hire 39,991 14,337 Investment income Intercst rcreivable - trading 3,066 230 Otber 20come Otlier grants 5,000 5.793 Total Incoming resource5 231,930 210,325 EXPENDITURE Other tradlllg activitiey Pur¢lioses 129,492 109,870 Support costs Management Wages SoGial security Pensions Rates and water Insurance Light and heat Tel¢phone Postage and Stationery Advertising Sundries Cleanin¥ Rcdundancy costs D¢preciotion oltangible and heriiage ass¢ts 153,479 12,536 2,144 923 2,820 4.947 1,173 592 977 1.420 1.560 15,891 13,277 158.367 10,737 2.916 1.215 2.083 3.477 2,614 1.540 2.180 .03CI 1,797 211,739 201.180 Finaoce Bank charges 157 391 This page does not form part of the ststutory financial sratements Pa£e 18
Artlink ¢nt For Communih. Arts DetAiled Staternent of FinaDcial Activitie5 for the YearEnded 31 March 2024 3 llJ124 Flnance Governance Costs Ac¢ountan¢y and Icgal f¢e5 4,870 1.870 Total resources expended 34fi258 313,311 Net expenditure 114 1102.986) This paoe doe5 not f( part of the stathtory futhncial statements Page 19