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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|||||
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|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|
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||||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|
##
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##
||||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||||
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||||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||
##
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##
##
##
||||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||
##
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##
##
##
||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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##
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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||
##
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##
|12.|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|
##
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##
##
##
|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|
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|||||||||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|
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||||||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|
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|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|
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