2023-03-31-accounts - Stockton Arts Centre

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					Page
Reference and administrative			details ofthe Charity, its Trustees	and advisers	1-2
Trustees' report					2-12
Independent	auditors'	report	on the financial statements		13 - 16
Consolidated	statement	offinancial activities			17
Consolidated	balance sheet				18
Charity balance sheet					19
Consolidated	statement	ofcash flows			20
Notes to the	financial statements				21 -42

Trustees			AJ D Bowman
			KC Craddock
			M Crocker
			D Mailaghan
			J McCann
			J E Robinson
			M Hussain (appointed		7 March 2023)
			SSagar (appointed	13September 2022)
			N White (appointed	13September 2022)
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 GUX

Structure, governance and	Structure, governance and	man	agement
Stockton Arts Centre (ARC)		is a	registered	charity		number			1095460 governed			by its memorandum	and articles
ofassociation and a company		limited by guarantee.
The number of	trustees, who	are	also the	directors		for the			purpose	of company		law, was increased	to 10during
the year to provide continuity,		before returning			to nine		in	June 2023.		The	Trustees were:
								Board meetings			attended
Aaron Bowman								3	out of 4
Kate Craddock	(resigned Sept 2022, appointed					Chair		1	out of 1
June 2023)
Maria Crocker								2	out of4
Ishy Din (resigned Sept 2022)								1	outof1
Arfan Hussain	(appointed March		2023)					1	out of1
Dan Mallaghan								4	out of4
Patrick Masheder (resigned		June 2023)						2	out of4
John McCann								4	out of 4
Jane Robinson								3	out of4
Sharuna Sagar	(appointed Sept 2022)							3	out of 3
Lynne Snowball	(Chair, resigned		June 2023)					4	out of4
Nine White (appointed Sept		2022)						3	out of3

We published our diversity sta	tistics for 2
Supported Artists	2022/23
Disabled	26o/
LGBTQIA+	21'/o
Global Majority	12'/o
Working class backgrounds	28'/o
Workforce (staff/Board)	2022/23
Disabled	11 '/o
LGBTQIA+	25'/o
Global Majority	8'/o
Working class backgrounds	38'/o

			Unrestricted	Restricted	Designated	Total	Total
			funds	funds	funds	funds	funds
			2023	2023	2023	2023	2022
		Note		f.
INCOME AND
ENDOWMENTS
FROM:
Donations and
legacies		3	466,775			468,775	531,010
Charitable activities		4	517,112	853,337	7,184	1,37T,633	1,335,058
Other trading activities		5	33T,338			337,338	208,052
Investments			3,423			3,423	184
TOTAL INCOME			'1,324,848	853,337	7,184	2,185,169	2,074,304
EXPENDITURE ON:
Raising funds		5,6	306,636			306,638	225,983
Charitable activities		7	1,221,257	873,223	26,178	2,120,658	1,876,367
TOTAL
EXPENDITURE			1,527,893	873,223	26„'178	2,427,294	2,102,350
NET EXPENDITURE			(203,245)	{19,886)	(18,994}	{242„125)	(28,046)
Transfers between
funds		17	203,245		{203„245)
NET MOVEMENT	IN
FUNDS				(19,886)	(222,239)	(242,125)	(28,046)
RECONCILIATION
OF FUNDS:
Total funds brought
forward			336,984	719,676	454,T54	1,511,414	1,539,460
Net movement in
funds				(19,886)	(222,239}	(242,125)	(28,046)
TOTAL FUNDS
CARRIED FORWARD			336,984	699,790	232,515	1,289,289	1,511,414

		CONSOLIDATED	BALANCE SHEET
		AS AT 31	MARCH 2023
			2023		2022
		Note	K
FIXEDASSETS
Tangible assets			530,242		561,555
			530,242		561,555
CURRENT	ASSETS
Stocks		14	11,986	10,747
Debtors		15	261,207	282,60?
Cash at bank and		in hand	936,794	1,079,189
			1,209,987	1,372,543
Creditors: amounts		falling due within one
year			(470„940)	(422,684)
NET CURRENT ASSETS			739,047		949,859
TOTAL NET ASSETS			1,269,289		'/,511,414
CHARITY	FUNDS
Designated	funds	17	232,515		454,754
Restricted	funds	17	699,790		?19,676
Unrestricted	funds	17	336„984		336,984
TOTAL FUNDS			1,269,289		1,511,414

			CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
			AS AT 31	Ii/IARCH 2023
					2023		2022
			Note
FIXEDASSETS
Tangible assets			12		530,242		561,555
Investments			13		1		1
					530,243		561,556
CURRENT	ASSETS
Debtors			15	305,709		340,173
Cash at bank and		in hand		891,547		1,022,364
				1,197,256		'/,362,537
Creditors: amounts		falling due within one
year			16	(458,210)		(4'l2,423)
NET CURRENT ASSETS					739,046		950,114
TOTAL NET ASSETS					1,269,289		1,511,670
CHARITY	FUNDS
Designated	funds		17		234,744		454,754
Restricted	funds		17		699,?90		719,676
Unrestricted	funds		17		334,755		337,240
TOTAL FUNDS					1,269,289		1,51'/, 670

			2023f	2022f
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating	activities		(134,006)	19,463
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received			3,423	184
Purchase of tangible fixed	assets		(11,812)	(30,846)
NET CASH USED IN INVESTING ACTIVITIES			(8,389)	(30,662)
CHANGE IN CASH AND	CASH EQUIVALENTS	IN THE YEAR	(142,395)	(11,199)
Cash and cash equivalents	at the beginning ofthe year		1,079,189	1,090,388
CASH AND CASH EQUIVALENTS AT THE END		OF THE YEAR	936,794	1,079,189
The notes on pages 21 to	42 form part ofthese financial statements

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
					E
Core Grants
Arts Council	England		311,723	311,723	311,723
Stockton Borough Council			141,304	141,304	149,128
Other grants
Coronavirus	job retention	scheme			52,606
Donations			13,748	13,748	17,553
			466,775	466,775	531,0I0

	Unrestricted	Restricted	Designated	Total	Total
	funds	funds	funds	funds	funds
	2023 F	2023 f.	2023	2023f	2022
Core Programme	30,122	637,235	7,184	674,541	719,1'l4
Live Programme	397,093			397,093	265,570
Cinema	48,680			48,680	47,564
Creative Programme	41,217	215,&90		257,107	165,747
Strategic Programme		212		212	137,063
	517,112	853,337	7,184	1,377,633	1,335,058
Total 2022	637,686	69?,372		1,335,058

			Unrestricted
			funds	Total funds	Total funds
			2023	2023	2022
Charity trading	income
Catering income			225,456	225,456	161,680
Services and retail			17,978	17,978	9,417
Room hire			79,278	79,278	25,194
Boxoffice charges			14,626	14,626	11,761
			337,338	337,338	208,052
Fundraising trading expenses
Catering expenditure			103,302	103,302	68,154
Salaries			84,066	84,066	81,119
			187,368	187,368	149,273
Net income from	trading	activities	149,970	149,970	58,779
Total 2022			58,779	58,779
COST OF RAISING FUNDS

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
Marketing	54,197	54,197	20,51 "l
Wages and salaries	65,071	65,071	56,199
Total 2023	119,268	119,268	76, 7'I 0
Total 2022	76,710	76,710

	Unrestricted	Restricted	Designated
	funds	funds	funds	Total	Total
	2023	2023	2023	2023	2022
	f.		F
Core Programme	707,046	687„444	17,429	1,411,919	1,122,447
Live Programme	368,832		4,610	373,442	261,026
Cinema	44,500		556	45,056	21,740
Creative Programme	74,242	175,543	3122	252,907	233,434
Strategic Programme	26,637	10,236	461	3T,334	237,72Q
	1,221,257	873,223	26,178	2,120,658	1,876,367
Total 2022	980,347	853,856	42,164	'l,876,36?

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2023	2023	2023	2022
		f.
Core Programme	1,039,030	372,889	1,411,919	1,'/22, 447
Live Programme	2?4,790	98,652	373,442	26'l,026
Cinema	33,155	11,901	45,056	21,740
Creative Programme	186,097	66,810	252,907	233,434
Strategic Programme	27,4TO	9,864	37,334	237,720
	1,560,542	560,116	2,120,658	1,876,367
Total2022	'l,41'l,632	464,735	1,876,367

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								2023
Fees payable	to the Charity's auditor		for	the audit ofthe Charity's			annual
accounts								6,200	5,500
Fees payable	to the Charity's	auditor		in respect of:
All assurance	services not included		above						185
Accountancy	services (including	consolidation			and subsidiary	accounts)		1,500	2,800
								7,700	8,485

				Group	Group	Company	Company
				2023	2022	2023	2022
				E
Wages and	salaries			755,701	682,502	673,957	603,386
Social security costs				53,788	41,617	51,484	39,614
Contribution	to defined	contribution	pension
schemes				12,856	10,825	12,856	'/0, 825
				822,343	734,944	?38,277	653,825

						Group	Group	Company	Company
						2023	2022	2023	2022
						No.	Mo.	No.	lVo.
Administration,			marketing	and	commercial
staff						29	25	29	25
Operational		staff				27	25	27	25
Catering	staff					17	21
							71	56

TANGIBLE FIXEDASSETS
Group and Company
	Freehold
	property	Equi pment	Total
	f.
Cost
At 1 April 2022	350,000	838,970	1,188,970
Additions		11,812	11,&12
At 31 March 2023	350,000	850,782	1,200,782
Depreciation
At 1 April 2022		627,415	627,415
Charge for the year		43,125	43,125
At 31 March 2023		670,540	670,540
Net book value
At 31 March 2023	350,000	180,242	5M,242
At 31March 2022	350,000	211,555	56'I,555

Name					Company	Holding Included	Holding Included	in
					number	consolidation
Stockton	Arts	Centre			09490242	100% Yes
(Trading)	Limited
The financial		results ofthe subsidiary		for the year were:
						Profit for
Name				Incomef	Expenditure E	the year	Net	assets f.
Stockton	Arts	Centre (Trading)	Limited	225,456	195,271	30,297		1

		Group	Group
		2023	2022
Bar	stock	11,986	'/0, 747

		Group	Group	Company	Company
		2023	2022	2023	2022
		F		f.
Due within one year
Trade debtors		115,266	150,435	115,266	150,435
Amounts owed by group undertakings				44,731	57,897
Other debtors		1,513	'/, 181	1,284	850
Prepayments	and accrued income	144,428	'/30, 991	144,428	130,991
		261,207	282,607	305,708	340,173

							Group	Group	Company	Company
							2023	2022	2023	2022
									F
Trade creditors							124,876	?2,602	118,589	6?,491
Other taxation		and	social		security		22,112	21,301	22,112	21,301
Other creditors							19,654	19,493	19,654	19,493
Accruals	and deferred			income			304,298	309,288	297,855	304, '/38
							470,940	422,684	458,210	412,423
									Group	Group
									2023	2022
									E	E
Deferred	income at 1 April				2022				206,080	98,420
Resources deferred			during		the year				210,330	206,080
Amounts	released		from previous			periods			{206,080)	(98,420)
									210,330	206,080

						Balance at
		Balance at 1			Transfers	31 March
		April 2022	Income	Expenditure	inlout	2023
		f.	E	F		K
Unrestricted	funds
General Funds		336,984	1,324,648	(1,527,893)	203,245	336„984
Designated	funds
Covid recovery fund		300,000			(203„245)	96,755
Capital fund	(2017)	116,601		(20,505)		96,096
Capital fund	(2020)	30,405		(4,079)		26,326
Capital fund	(2021)	7,748		(876)		6,872
Capital fund	(2023)		7,184	(718)		6,466
		454,754	7,184	(26,178)	(203,245)	232,515

							Balance at
			Balance at 1			Transfers	31 March
			April 2022	Income	Expenditure	in/out	2023
					f.	F	E
Restricted funds
Arts Council England			350,000				350,000
Young People's	Projects		38,878	38,300	(65,425)		11,753
Staying out			23,751	26,750	(42,454)		8,047
Training			500		(500)
SIRF Projects			30,900	82,000	(63,336)		49„564
Associate Artist	8 Company
Projects			149,153	397,273	(450,389)		96,037
Venues North			7,000	1,817	(3,716)		5,101
Tees Valley Combined
Authority			47,671	118,033	(94,715)		70,989
Access Fund North			7,791	1,300	(9,091)
Film Hub North	- Bigger
Picture			7,829	13,452	(21,281)
Thirteen Housing			3,840	8,000	(11,840)
Wellington Square Shopping
Centre			1,188		(1,188)
Wide Open Community		Fund	3,000		(3,000)
Future Arts Centre			48,175	212	(42,511)		5,&?6
Arts 8 Minds				71,910	(32,198)		39,712
Rix Thompson	Rotherburg
Foundation				19,790	(650)		19,140
Collaborative artistic projects				74,500	(30,929)		43,571
			719,676	853,337	(873,223)		699,790
Total offunds			1,511,414	2,185,169	(2,427,294)		1,2691289

STATEMEN	T OF FUNDS	- PRIOR YEAR
						Balance at
		Balance at			Transfers	31March
		1 April 2021	Income	Expenditure	inlout	2022
Unrestricted	funds
General Funds		247,207	1,376,932	(1,206,330)	(80,825)	336,984
Designated	funds
Covid recovery fund		200,000			100,000	300,000
Capital fund	(2013)	l6,704		(16,704)
Capital fund	(2017)	137,'I06		(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			Transfers	31 March
				1 April 2Q21	Income	Expenditure	in!out	2022
								E
Restricted funds
Arts Council England				350,000				350,000
Young People's	Projects			26,058	79,070	(56,949)	(9,301)	38,878
Staying out				17,000	26,750	('I9,999)		23,751
Training					500			500
SIRF Projects					36,000	(5,100)		30,900
Associate Artist	8	Company
Projects				150,085	285,759	(286,383)	(308)	149,153
Venues North					7,000			7,000
Tees Valley Combined
Authority - New
Creatives/Greater		Tees		26,879	34,655	('l3,863)		47;671
Access Fund North					11,700	(3,909)		7, 79'I
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,QOQ			3,000
Decerna Funding		-SME	works
lighting				240,000		(240,ooo)
Future Arts Centre				80,891	125,363	(158,079)		48,175
Collaborative artistic projects				555		(629)	74
				895,335	697,372	(853,856)	(19,175)	7'/9,676
Total offunds				1,539,460	2,0?4,304	(2,102,350)		'/,511,414

					Unrestricted	Restricted	Designated	Total
					funds	funds	funds	funds
					2023	2023	2023	2023
					E		F
Tangible Current Creditors	fixed assets due	assets within	one	year	44,482 763,442 (470,940)	350,000 349,790	135,760 96,755	530,242 1„209,987 (470,940)
Total					336,984	699,790	232,515	1,269,289

ANALYSIS OF NET ASSETS BETWEE	N FUNDS -PRIOR YE	AR
	Unrestricted	Restricted	Designated	Total
	funds	funds	funds	funds
	2022	2022	2022	2022
			E
Tangible fixed assets Current assets	56,801 693,442	350,000 379,101	154,754 300,000	561,555 1,372,543
Creditors due within one year	(413,259)	(9,425)		(422,684)
	336,984	719,676	454,754	'I,511,414

19.	ACTIVITIES
									Group	Group
									2023	2022
									f.
	Net expenditure for		the year	(as per Statement of Financial			Activities)		(242,125)	(28,046)
	Adjustments for:
	Depreciation charges								43,125	59,258
	Interest received								(3,423)	{'184)
	Increase in stocks								(1,239)	(6,826)
	Decrease/(increase)		in debtors						21,400	(138,05'/)
	increase in creditors								48,256	133,312
	Net cash provided		by/(used		in) operating	activities			(134,006)	19,463
20.	ANALYSIS OF CASH AND			CASH EQUIVALENTS
									Group	Group
									2023	2022
									'E
	Cash in hand								936,794	'l,079,/89
	Total cash and cash equivalents								936,794	1,079,189
21.	ANALYSIS OF CHANGES			IN	NET DEBT
							At 1	April		At 31 Wiarch
								2022	Cash flows f	2023
								K
	Cash at bank and	in	hand				1,079,189		(142,395)	936,794