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2022-03-31-accounts

Page
Reference and administrative details ofthe Charity, its Trustees and advisers
Trustees'
report		 2-15
Independent auditors'
report		 on the financial statements 16-19
Consolidated statement offinancial activities 20
Consolidated balance sheet 21
Charity balance sheet 22
Consolidated statement ofcash flows 23
Notes to the financial statements 24-45

Trustees AJ D Bowman
K C Craddock
M Crocker
I A Din
D Mallaghan
PJ Masheder
J McCann
J E Robinson
L Snowball
Company registered
number 04591795
Charity registered
number 1095460
Registered office ARC
Dovecot Street
Stockton on Tees
Tees Valley
TS181LL
Chief executive officer Annabel
Turpin
Independent auditors Waltons Business Advisers Limited
Chartered
Accountants
Maritime
House
Harbour
Walk
The Marina
Hartlepool
Teesside
TS24 OUX

Board meetings attended
Aaron Bowman 4out of5
Kate Craddock (resigned Sept 2022) 3out of5
Maria Crocker 5 out of5
Ishy Din (resigned Sept 2022) 4 out of5
Dan Mallaghan 5 out of5
Patrick Masheder 5 out of5
John McCann 5 out of5
Jane Robinson 3 out of5
Sharuna
Sager		 (appointed Sept 2022) NIA
Lynne Snowball (Chair) 5 out of5
Nina White (appointed Sept 2022) N/A

We published our diversity statistics for 2021-22 as part of our commitment to transparency:
Supported
Artists		 2021/22
Disabled 31%
LGBTQIA+ 53%
Global Majority 26%
Working class backgrounds 36%
Workforce (staff/Board) 2021/22
Disabled 7%
LGBTQIA+ 17%
Global Majority
Working class backgrounds 43%

As restated
Unrestricted Restricted Designated Total Total
funds funds funds funds funds
2022 2022 2022 2022 2021
Note E F E
INCOME FROM:
Donations
and grants		 531,010 531,010 745,2 "IO
Charitable
activities		 637,686 697,372 1,335,058 1,232,489
Other trading
activities		 208,052 208,052 10,076
Interest receivable 184 184 2'l0
TOTAL IN
COME		 1,376,932 697,372 2,074,304 1,987,985
EXPENDITURE ON:
Raising funds 6,5 226,983 225„983 165,842
Charitable
activities		 7 9&0,347 &53,856 42,164 1,8?6,367 1,330,283
TOTAL
EXPENDITURE 1,206,330 853,856 42,164 2,102,350 1,496,125
NET
INCOME/(EXPENDITU
RE) 170,602 (156,484) (42„164) (28,046) 491,860
Transfers
between
funds (80„825) (19,175) 100,000
NET MOVEMENT IN
FUNDS &S,?77 (175,65S) 57,836 (28,046) 491,860
RECONCILIATION OF
FUNDS:
Total funds brought
forward 247,207 895,335 396,918 1,539,460 'l,047,600
Net movement
in funds		 89,777 (175,659) 57,836 (28,046) 491,860
TOTAL FUNDS
CARRIED FORWARD 336,984 719,676 454,754 1,511,414 'l,539,460

CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2022
As restated
2022 2021
Note F
FIXEDASSETS
Tangible assets 561,555 589,967
561,555 589,967
CURRENT ASSETS
Stocks 14 10,747 3,921
Debtors 15 285,577 144,556
Cash at bank and in hand 1,079,189 1,090,388
1,375,513 1,238,865
Creditors: amounts falling due within one
year 16 {425,654) (289,372)
NET CURRENT ASSETS 949,859 949,493
TOTAL NET ASSETS 1,511,414 1,539,460
CHARITY FUNDS
Designated funds 18 454,754 396,9'/8
Restricted funds, 18 719,676 895,335
Unrestricted funds 18 336,984 247,207
TOTAL FUNDS 1,511,414 1,539,460

CHARITY BALANCE SHEET CHARITY BALANCE SHEET
AS AT 31 MARCH 2022
As restated
2022 2021
Note
FIXEDASSETS
Tangible assets 12 561,555 589,967
Investments 1
561,556 589,968
CURRENT ASSETS
Debtors 15 340,173 222,453
Cash at bank and in hand 1,022,364 1,044,063
1,362,537 1,266,516
Creditors: amounts falling due within one
year 16 (412,423) (287,874)
NET CURRENT ASSETS 950,114 978,642
TOTAL NET ASSETS 1,511,670 1,568,6'l0
CHARITY FUNDS
Designated funds 18 454,754 396,918
Restricted funds 18 821,931 895,335
Unrestricted funds 18 234,985 276,357
TOTAL FUNDS 1,511,670 1,568,610

2022f 2021f
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used
in operating		 activities 19,463 578,099
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 184 210
Purchase
oftangible
fixed		 assets {30,846) (23,534)
NET CASH USED IN INVESTING ACTIVITIES {30,662) (23,324)
CHANGE
IN CASH AND		 CASH EQUIVALENTS IN THE YEAR {11,199) 554,775
Cash and cash equivalents at the beginning
ofthe year		 1,090,388 535,613
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 1,079,189 1,090,388
The notes on pages 24 to 45 form part ofthese financial statements

As restated
Unrestricted Total Total
funds funds funds
2022
E		 2022f 2021
Core Grants
Arts Council England 311 723 311723 311,723
Stockton Borough Council 149,128 149,128 141,147
Other grants
Coronavirus job retention scheme 52,606 52,606 273,553
Donations 17,553 17,553 18,?87
531,010 531,010 745,210

As restated
Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
f.
Core Programme 326,779 392,335 719,114 944,079
Live Programme 265,570 265,570 54,484
Cinema 26,069 21,495 47,564 3,103
Creative Programme 19,266 146,479 165,747 10,311
Strategic Programme 137,063 137,063 220,512
637,666 697,372 1,335,056 'f,232,489
Total 2021 as restated 464,093 768,396 1,232,489

Unrestricted Restricted As restated
funds funds Total funds Totai funds
2022 2022 2022 2021
F
Charity trading income
Catering income 161,680 161,680 3,674
Services and retail 9,417 9,417 5,133
Room hire 25,194 25,194 1,269
Boxoffice charges 11,761 11,761
208,052 208,052 10,076
Fundraising trading expenses
Catering expenditure 68,154 68,154 15,825
Salaries 79,116 79,116 89,342
147,270 147,270 105,167
60,782 60,782 (95,091)
Net income from trading activities
Total 2021 (95,091) (165,949) (95,091)

COST OF RAISING FUNDS
Unrestricted Total Total
funds funds funds
2022f 2022
E		 2021
Marketing 20,511 20,511 10,889
Wages and salaries 56,199 56,199 49,786
Total 2022 76,710 76,710 60,6?5
Total 2021 60,675 60,675

Unrestricted Restricted Designated
funds funds funds Total Total
2022 2022 2022 2022 2021
E E E E
Core Programme 679,875 418,168 24,404 1,122,447 782,963
Live Programme 61,629 193,248 6,149 261,026 111,578
Cinema 21,228 512 21,740 20,336
Creative Programme 143,574 84,361 5,499 233,434 100,548
Strategic Programme 74,041 15&,079 5,600 237,720 314,858
980,347 853,856 42,164 1,876,367 1,330,283
Total 2021 748,870 532,262 49,151 1,330,283

Activities
undertaken Support Total Total
directly costs funds funds
2022 2022 2022 2021
E E E E
Core Programme 853,476 268,9?1 1,122,447 782,963
Live Programme 193,248 67,778 261,026 'l11,578
Cinema 18,094 5,646 21,740 20,336
Creative Programme 172,822 80,612 233,434 100,548
Strategic Programme 175,992 81,728 237,720 314,858
1,411,632 464,735 1,876,367 1,330,283
Total 2021 962,188 368,095 1,330,283
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2022 2021
Fees payable to the Charity's auditor for the audit ofthe Charity's annual
accounts 5,500 4,500
Fees payable to the Charity's auditor in respect of:
Taxation compliance
for the		 subsidiary 300
All assurance services not included above 185
Accountancy services (including
consolidation		 and subsidiary accounts) 2,&00 1,500

Group Group Company Company
2022 2021 2022 2021
E f.
Wages and salaries 682,502 682,417 603,386 593,232
Social security costs 41,617 41,617 39,614 41,617
Contribution to defined contribution pension
schemes 10,825 9,819 10,825 9,819
734,944 733,853 653,825 644,668
Group Group Company Company
2022 2021 2022 2021
No. No. No. No.
Administration, marketing and commercial
staff 25 19 19
Operational staff 25 36 25 36
Catering staff 18 13
68 50 55

Group Group
2022 202'I
No. Mo.

Freehold
property
E.		 Equipment
f		 Total
Cost
At 1 April 2021 (as previously stated) 350,000 810,934 1,160,934
Prior Year Adjustment (2,810) (2,810)
At 1 April 2021 (as restated) 350,000 808,124 1,158,124
Additions 30,846 30,846
At 31 March 2022 350,000 838,970 1,188,9?0
Depreciation
At 1 April 2021 (as previously stated) 572,879 572,879
Prior Year Adjustment {4,722) {4,722)
At 1 April 2021 (as restated) 56&,157 568,157
Charge for the year 59,268 59,258
At 31 March 2022 627,415 627,415
Net book value
At 31 March 2022 350,000 211,555 561,555
At3f March 2021 (as restated) 350,000 239,967 589,967

Name Company Holding Included in
number consolidation
Stockton Arts Centre 09490242 100% Yes
(Trading) Limited
Profit for Net
Name Incomef Expendituref the year liabilities
F
Stockton Arts Centre (Trading) Limited 183,775 154,881 28,894 (255)

Group Group
2022 2021
F
Bar stock 10,747 3,921

Group Company
Group As restated Company As restated
2022 2021 2022 2021
E E
Due within one year
Trade debtors 150,435 39,097 150,435 37,425
Amounts
owed by group undertakings		 2,970 57,897 79,569
Other debtors 1,181 6,960 850 6,960
Prepayments and accrued income 130,991 98,499 130,991 98,499
2&5,57? 144,556 340,173 222,453

Group Group Company Company
2022 2021 2022 2021
E E E
Trade creditors T2,602 98,668 6T,491 98,257
Amounts owed to group undertakings 2,970
Other taxation and social security 21,301 9,831 21,301 9,831
Other creditors 19,493 18,481 19,493 18,480
Accruals and deferred
income		 309,288 '/62, 392 304,138 161,306
425,654 289,372 412,423 287,874
Group Group
2022 2021
Deferred income at 1 April 2021 94,820 81,378
Resources deferred during the year 206,080 94,820
Amounts released from previous periods (94,820) (81,378)
206,080 94,820

STATE MEN T OF FUNDS - CURRENT YEAR
Balance at
Balance at 1 Transfers 31 March
April 2021 Income Expenditure in/out 2022
f. f.
Unrestricted funds
General Funds 247,207 1,3T6,932 (1,206,330) {80,825) 336,984
Designated funds
Covid recovery fund 200,000 100,000 300,000
Capital fund {2013) 16,704 (16,T04)
Capital fund {2017) 137,106 {20,505) 116,601
Capital fund (2020) 34,484 (4,079) 30,405
Capital fund (2021) 8,624 (876) 7,748
396,918 (42,164) 100,000 454,754

Balance at
Balance at 1 Transfers 31 March
April 2021 Income Expenditure in/out 2022
F F. F f.
Restricted funds
Arts Council England 350,000 350,000
Young People's Projects 26,058 79,070 (56,949) (9,301) 38,8?8
Staying out 17,000 26,750 (19,999) 23,751
Training 500 500
SIRF Projects 36,000 (5,100) 30,900
Associate Artist 8 Company
Projects 150,085 285,?59 (286,383) (308) 149,153
Venues
North		 7,000 7,000
Tees Valley Combined
Authority
- New
Creatives/Greater Tees 26,8?9 34,655 {13,&63) 47,6?1
Access Fund North 11,700 {3,909) 7,?91
What's
On Your		 Mind Project 49,920 (40,280) (9,640)
Film Hub North - Bigger Picture 21,495 (13,666) 7,829
Thirteen
Housing		 6,152 (2,312) 3,840
Wellington
Square		 Shopping
Centre 2,500 {1,312) 1,188
Jerwood Charitable Foundation 3,867 7,508 (11,375)
Wide Open Community Fund 3,000 3,000
Weston Culture Fund 240,000 (240,000)
Future Arts Centre 80,891 125,363 (158,079) 48,175
Other funds 555 (629)
895,335 697,3?2 {853,856) (19,175) 719,676
Total offunds 1,539,460 2,074„304 (2,102,350) 1,511,414

STATE MEN T OF FUNDS - PRIOR YEAR
Balance at Balance at
1 March Transfers 31March
2020 Income Expenditure inlout 2021
Z E Z
Unrestricted funds
General Funds 142,330 1,219,589 (9'l4,712) (200,000) 247,207
Designated funds
Covid recovery fund 200,000 200,000
Capital fund (2013) 41,761 (25,057) 16,704
Capital fund (2017) 157,611 (20,505) /37, 106
Capital fund (2020) 37,933 (3,449) 34,484
Capital fund (2021} (140) 8,764 8,624
237,305 (49,151) 208,?64 396,918

Balance at Balance at
1 March Transfers 31March
2020 Income Expenditure inlout 2021
E
Restricted funds
Arts Council England 350,000 350,000
Future Arts Centre Here 8 Now
NL25 project 83,200 150,000 (l68,400) 64,800
Artistic projects 119,062 307,431 (240,765) (8,764) 176,964
Jerwood Charitable Foundation 6,143 (2,275) 3,868
Arts Council England - strategic
Touring - REACH Project 18,193 9,901 (28,094)
Staying
Out Project		 15,000 31,750 (29,750) 17,000
Young People's Projects 13,066 23,171 (10,180) 26,057
Arts Council England
Ambition
for Excellence		 68,203 (52,112) 16,091
Weston Garfield Foundation 240,000 240,000
Other funds 1,24 l (686) 555
667,965 768,396 (532,262) (8,764) 895,335
Total offunds 1,047,600 1,987,985 (1,496,125) 1,539,460

Unrestricted Restricted Designated Total
funds funds funds funds
2022 2022 2022 2022
f. E
Tangible fixed assets 56,801 350,000 154,754 561,555
Current assets 696,412 379,101 300,000 1,375,513
Creditors due within one year (416,229) (9,425) (425,654)
Total 336,984 719,676 454,754 1,511,414
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted Restricted Designated Total
funds funds funds funds
2021 2021 2021 2021
E
Tangible fixed assets 43,049 350,000 196,9/8 589,967
Current assets 493,530 545,335 200,000 1,238,865
Creditors due within one year (289,372) (289,372)
Total 247,207 895,335 396,918 1,539,460

Group Group
2022 2021
f. E
Net
income/expenditure		 for the year (as per Statement of Financial
Activities) (28,046) 491,860
Adjustments
for:
Depreciation
charges		 59,258 74,987
Interest received (184) (2'/0)
Decrease/{increase) in stocks {6,826) 9,806
Decrease/(increase) in debtors (138,051) 26,524
Increase/(decrease) in creditors 133312 (24,868)
Net cash provided by operating activities 19,463 578,099
21. ANALYSIS OF CASH AND CASH EQUIVALENTS
Grou p Group
2022 2021
E
Cash
in hand		 1,079,189 1,090,388
Total cash and cash equivalents 1,079,189 1,090,388
22. ANALYSIS OF CHANGES IN NET DEBT
At 1 April At 31 March
2021 Cash flows 2022
E
Cash at bank and in hand 1,090,388 (11,199) 1,079,189
1,090,388 {1'1,199) 1,079,189