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2023-03-31-accounts

Company number 04623660 Charity number 1100730

THE JELLY LEG’D CHICKEN ARTS CENTRE

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

Company Limited by Guarantee

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THE JELLY LEG’D CHICKEN ARTS CENTRE Company Limited by Guarantee

REPORTS AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

NOTE: 2023 is 15 month period

CONTENTS

Page
Trustees’ Report 3-8
Accountants Report 9
Statement of Income 10
Statement of Financial Position 11
Notes 12-13
Detailed Profit and Loss Account 14

2

TRUSTEES’ REPORT Reference and Administrative Information

Constitution

The charity is controlled by its Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 23 December 2002 but remained dormant until 30 June 2006. The company commenced trading on 1 July 2006. The Charity is also known under the name “Jelly”

Directors and Trustees

The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.

Trustees

Tim Hooper, chair (appointed 6 February 2018) Bridget Long (appointed 23 December 2002) Mary Genis (appointed 23 December 2002) Steve Hicks (appointed 11 October 2009) Christina Gilbert (appointed 26 September 2019) Holly Buckle (appointed 12 February 2019) Alexandra Dewis (appointed 26 September 2019) Rosie Faretta (appointed 2 September 2021)

Secretary

Suzanne Stallard

Independent Examiners

Hadleigh Associates

Bankers

The Co-operative Bank, Balloon Street, Manchester

Registered Office

43 Filey Road, Reading, RG1 3QG

Operational Address

115-116 Broad Street Mall, Reading, RG1 7QE

3

Trustees' Report

The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2023 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The reference and administrative details set out on page 3 forms part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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).

Governance

Currently there are eight trustees, their skills include:

In the event of a departure of a trustee, a skills audit of the remaining trustees is taken. The result of this audit determines whether further recruitment is necessary. When a need has been identified to recruit trustees, the Executive Directorate & Board seeks out prospective candidates.

Trustee development & training is undertaken at the discretion of the Chair, based on the requirements of the organisation at any given time.

Full Trustee Board meetings take place at least four times a year.

Trustees also attend meetings with studio members & events organised by Jelly.

All Trustees are required to sit on at least one of the sub groups

Individual Trustees undertake tasks in support of the Jelly team, advising on matters that fall within their area of expertise.

A standing item at each board meeting is a declaration of conflict of interests

Annually all trustees declare any potential conflicts of interests for them & their partners. The Board oversees the delivery of the activity plan through the Executive Directorate’s reporting at all board meetings who meet at a minimum 4 times per year & through Board individuals with specific specialisms who meet regularly with the team.

The Board of Trustees are a committed & responsive board who regularly meet with the team & artists throughout the year. Our Board has been selected because they share Jelly values & each of them bring skills that reflect our ethos. Our Board members are resilient, dynamic, ambitious, bring their own diverse backgrounds & challenge the team.

Structure and Management

Organisational Structure

Jelly is run and managed on a day-to-day basis by the Executive Directorate of Suzanne Stallard, Emma Bradbury and Kate Powell. Decisions are made through management meetings held by the directorate. All major decisions are confirmed through the Board of Trustees. The Executive Directorate is responsible for buildings, finance, strategic development, artist programme, audience development, sustainability, learning, participation and community.

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Operational and Freelance Team

Alongside the executive directorate team, there are additional skilled team members & being freelance allows us to offer the projects & opportunities to others who may be better for specific roles. This policy works well at Jelly as being freelance gives us the freedom to create more opportunities for artists to work on projects, it allows for greater collaboration, to be community driven, focused on inclusion & relevance and to offer the work to more suitable individuals.

Over the years at Jelly we have experimented with a variety of remuneration arrangements to find one which best fits our vision for social change. Initially the charity was run on a voluntary basis; then we introduced freelance fees set above the Living Wage. For a period between 1999 - 2004 we moved to salaries with PAYE.

In 2018 the management team & the Board of Trustees revisited the question of what pay structure would best suit the aims & ethos of the charity. It was agreed that a flat pay structure at a fair rate for all would be the most appropriate model.

Since then, Jelly has committed to a flat pay structure for all employees & freelancers. We pay everyone above the National Living Wage no matter what their role is within the organisation, & we review this policy annually.

This flat pay structure fits well because our work explores different kinds of value. While we recognise that valuing people in terms of the economic worth of their time is the dominant way of measuring value, it is not the only way. At Jelly, we want to be an organisation where people feel emotionally, intellectually & creatively rewarded as well.

We think that massive pay disparities between different roles are unfair & unjustifiable, & can play into a culture of hierarchies where some people’s views are valued more than others. We each bring our unique skills with us when we come to work at Jelly, & we want everyone to feel equally involved, & to contribute without limits. A flat pay structure supports our ambitions to implement an efficient, equal & collective decision-making process, where power dynamics are challenged & flattened as much as possible

Related Charities

There are no legally related charities. The company is working with different funding bodies and organisations all concerned with promoting the arts and education. Decisions taken by the company are autonomous of these organisations.

Risk Management

Jelly has a risk management policy and practice, which enables us to anticipate and record risks to the organisation, assess their likely impact and plan how to reduce and manage them.

Our Vision

Jelly is an energetic collaboration of artists supporting each other & the wider community; acting as a catalyst & making space for art in the everyday.

Mission

Making space for art:

5

Values

We support & develop visual artists & Reading’s arts sector, developing & improving pathways towards careers in the creative industries & providing freelance opportunities to professional artists.

We advocate for artists, improving access to the arts & strengthening the opportunities for emerging & established artists, especially those who are underserved.

From Jelly’s foundation, December 1993, our name has become symbolic as over the years Jelly has moulded & shaped to fit different spaces, adapting & changing to inhabit a space (that is not always a building or venue) to work collaboratively with artists, other cultural organisations, partners & the wider community locally & internationally.

We are a community, always embedded within Reading town centre. Our current home is within a shopping centre in Reading’s main high street. Our work can be found throughout the town as public art or in spaces we go to deliver workshops such as schools, community centres, corporate venues & festival sites. We are an outward looking organisation built on valuing people. Each person, both artist & participant, young & old, brings a unique perspective to our creative conversation. We have a number of long standing partnerships, including NPOs, businesses, arts organisations, schools, cultural networks,museums & Reading Borough Council.

The support we bring is both nurturing & inspiring, experimental & challenging but always comes from a starting point of creative excellence.

We listen. We are here for those who recognise they need us & here for those who think they don’t.

We are strategic. We adapt, evolve, change & reinvent. We are here to contribute to making our society a more creative one & underserved voices heard.

We are advocates. We will elevate & celebrate creative work & give it a platform to be seen & heard.

Our Charitable Objectives:

Our Aims

  1. To nurture and encourage experimentation and develop individuals to strengthen and empower artistic voices.

Objectives for aim 1 - Provide platforms for artists to connect with an audience and to think experimentally how they might do this. Exhibition space, internet, sound, shops, windows etc. Engaging new audiences through social media platforms and embracing new ways of connecting both virtually and in real life. Inviting artists to contribute to our Jelly voice.

Longer term - Partnering with organisations who will give us access to specific audiences. Working on the premise that connecting with an audience is more than exhibiting work, it is about connecting with people.

2. To become sustainable environmentally and financially

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Objectives for aim 2 - Invest in our artistic community and the organisation for future generations to build on and carry on the creative conversation. Develop a strategy to become financially viable. Continue to embed collaborations in order to extend opportunities and expand creative possibilities. Create a sustainable working space and ethos. Become more visible about our environmental credentials.

Longer term - To increase our unrestricted income streams to strengthen our dynamic financial resilience. Work to become a carbon neutral organisation, being innovative and partnering with like minded organisations to achieve this.

3. To elevate marginalised and underrepresented artists and ~~c~~ o-create opportunities.

Objectives for aim 3 - Address our commissioning and diversity wording to encourage artists from diverse and marginalised communities to apply. Create opportunities specifically to seek them out and support them in our own space.

Longer term - Partner with key organisations who are themselves from diverse and marginalised groups to aid them in their ability to access funding and develop their ability to run programmes in their own communities.

4. To provide a platform and space for artists to grow their practice and share it with the wider community.

Objectives for aim 4 - Continue to offer residencies in our studios and have a rotational gallery space for small exhibitions. Encourage our Associate Artists to access this resource with short term projects and ideas. Work to support early career artists in Reading, providing development opportunities. Continue to grow relationships and work closely with other cultural spaces

Longer term - Expand our networks nationally and internationally. Bringing more artists to Reading and creating an exciting programme of challenging work. Encourage a more diverse range of practices and partner with leading organisations in their fields - eg Crafts Council, British Film Institute, British Textile Biennial etc

5. Bringing art into the everyday for everyone.

Objectives for aim 5 - Working with our range of communities we will continue to bring art to them. Creativity everyday for everyone. Workshops in schools, community sessions with diverse groups, Open for Art across the town, working with businesses and developers to provide opportunities for everyone in Reading to be creative. Surprising them with subtle encounters and pleasing shocks. Encouraging them to participate directly or simply engage them in being a viewer.

Longer term - Work to make this a sustainable offering with a yearly plan. Increase the workshop programme and expand to include a wider range of creative practices. Encourage our artists to grow into this area of delivery.

Financial review

For this financial year, it was agreed by the Board to change our financial reporting dates from 1 January - 31 December, to 1 April - 31 March. This is to align with funders. For this report the dates cover a 15 month period, 1 January 2022 - 31 March 2023.

The principal sources of income for this 15 month period are again reflective of the time emerging from the ongoing pandemic. Grant income has substantially decreased as the small team were focused on applying for

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National Portfolio status from Arts Council England (£48,700), with a decrease also in corporate donations (£276), Legacy Giving (£0), Shop Income (£75).

Although we have seen an increase in all other areas; corporate activities delivered (£2,560), individual donations (£1430), studio fees (£315), space hire (£750), workshops (£11658), education (£3640), events (£22146), Associate Artists (£3234).

Since its establishment in 1993, Jelly had always had a diverse income stream.

Our ambition is to return to a model of diverse income streams. This reduces the risk presented by over-reliance on one particular income stream.

Our plans for the operation of Jelly over the course of the new business plan does not involve any large new spending - all projected growth comes from growth across all current areas of income and expenditure. Risks are mitigated through a system of checks and balances as set out in our financial procedures, specifically sections 1 (Fraud Risk Management), 4 (Financial Transaction Cards), and 5 (Authority to Make Payments).

Reserves Policy

It remains the Trustees' intention to maintain general reserves to a figure that represents a minimum three months' operating expenditure.

This year, our turnover was £94784.

We estimate 3 months operating costs to be circa £16,000. Our unrestricted reserves now stand at £25,635.

Our restricted reserves stand at £5,160.

It is the Trustees' intention that at the end of our 5-year business plan (2027) our reserves will safely represent 3 months operating costs, depending upon the growth of the company. Over the course of the next year it is the Trustees' intention that our reserves will not fall below £16,000. We hope that our unrestricted reserves will equal at least 60% of total reserves.

Directors’ Interests

The company is limited by guarantee and has no share capital therefore no Director of the company has any interests in the company.

Responsibilities of the Directors

Company law requires the Directors to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the Directors are required to:

Small Companies Provision

This report has been prepared in accordance with the provision in Part 15 of the Companies Act 2006 applicable to companies’ subject to the small company’s regime.

On behalf of the Board

…………………………

T Hooper – Chair Trustee

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ACCOUNTANTS' REPORT

TO THE DIRECTORS OF THE JELLY LEG’D CHICKEN ARTS CENTRE

As described in the balance sheet, you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages 17 -23. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

............................... Dated....................

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THE JELLY LEG’D CHICKEN ARTS CENTRE Company Limited by Guarantee

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE PERIOD ENDED 31 MARCH 2023

NOTE: 2023 is 15 month period

Income
Funding
DCMS – Cultural Recovery Grants (Restricted)
55,117
Arts Council England (Restricted)
Trusts & Foundations (Restricted)
Trusts & Foundations (Unrestricted)
Donations & Sponsorship
Corporate Donations
Individual Donations at Events
Income from Charitable Trading Activities
Corporate Activities
Workshops
Studios
Space Hire
Education
Events
Associate Artists
Legacy Giving
Shop Income
Total Income
Interest Received
Administrative expenses
OPERATING (LOSS)/PROFIT
Tax on profit on ordinary activities
PROFIT/LOSS FOR THE YEAR
Retained earnings at the start of the year
Retained earnings at the end of the year		 Note
2023
£
2
0
21,500
0
276
1,430
2,560
11,658
315
750
3,640
22,146
3,234
0
75 458
94,784 103,699
0
80,152
–––––––
14,632
–––––––
3
0
–––––––
£ 14,632
–––––––
11,003
–––––––
25,635
–––––––
–––––		 2021
£
27,200
0
3,431
23,738
1,028
582
0
2,226
0
0
2,600
13,250
1,152
117
0
93,209
–––––––
10,490
–––––––
0
–––––––
£ 10,490
–––––––
513
––––––
11,003
––

All the activities of the company are from continuing operations.

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THE JELLY LEG’D CHICKEN ARTS CENTRE Company Limited by Guarantee

STATEMENT OF FINANCIAL POSITION

AT 31 MARCH 2023

NOTE: 2023 is 15 month period

FIXED ASSETS
CURRENT ASSETS
Debtors
Prepayments
Cash at bank and in hand
CREDITORS
Amounts falling due
within one year
NET CURRENT (LIABILITIES)/ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
THE FUNDS OF THE CHARITY
Unrestricted funds
Restricted funds
TOTAL CHARITY FUNDS		 Note
£
4
5,305
1,600
3,694
––––––
10,599
5
5,160
––––––
7		 2023
£
£
20,196
2,600
0
15,408
––––––
18,008
27,200
–––––––
5,439
––––––
25,635
––––––
£ 25,635
–––––––
25,635
––––––
£ 25,635
––––––		 2021
£
20,196
(9,193)
–––––––
11,003
–––––––
£ 11,003
–––––––
11,003
––––––
£ 11,003
–––––––		 2021
£
20,196
(9,193)
–––––––
11,003
–––––––
£ 11,003
–––––––
11,003
––––––
£ 11,003
–––––––
11,003
––––––
£ 11,003
–––––––

For the period ended 31[st] March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime and in accordance with FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

Approved by the board of directors on ……………… 15 December 2023 .. and signed on its behalf.

.......................................

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THE JELLY LEG’D CHICKEN ARTS CENTRE Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

NOTE: 2023 is 15 month period

1. ACCOUNTING POLICIES

The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the directors' report and which is continuing.

2. TURNOVER

Turnover comprises the invoiced value of goods and services supplied by the company.

3.
4.
5.		 TAXATION ON PROFIT ON ORDINARY ACTIVITIES
Current year:
United Kingdom Corporation Tax
DEBTORS
Trade debtors


CREDITORS-AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank Accounts
Trade Creditors
VAT
Corporation Tax
Accrued Income (Restricted Funding)
DCMS – Cultural Recovery Grants
Trusts & Foundations		 –

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THE JELLY LEG’D CHICKEN ARTS CENTRE Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE PERIOD ENDED 31 MARCH 2023

NOTE: 2023 is 15 month period

6. SHARE CAPITAL

The company is limited by guarantee. There is no share capital.

7. PROFIT AND LOSS ACCOUNT

PROFIT AND LOSS ACCOUNT
2023 2021
£ £
Balance b/fwd 11,003 513
Profit/(loss) for the year 14,632 10,490
–––––– ––––––
Balance at 31 March 2023 £25,635 £11,003
–––––– ––––––

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THE JELLY LEG’D CHICKEN ARTS CENTRE Company Limited by Guarantee

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2023

NOTE: 2023 is 15 month period

INCOME
Funding
DCMS – Cultural Recovery Grants (Restricted)
Arts Council England (Restricted)
Trusts & Foundations (Restricted)
Trusts & Foundations (Unrestricted)
Donations & Sponsorship
Corporate Donations
Individual Donations at Events
Income from Charitable Trading Activities
Corporate Activities
Workshops
Studios
Space hire
Education
Events
Associate Artists
Legacy Giving
Shop Income
Total Income
Interest Received
Overheads
Sub-contractors
Residencies
Website and computer costs
Exhibition Hire
Workshop & Event expenses
Shop Expenses
Travelling and cost of sales
PPS, Marketing & Advert
Accounts
Professional fees
Office, Phone & Maintenance
Professional
Insurance
Rent, Rates & utilities
Training
Bank charges
Donations
Sundry
PROFIT/(LOSS) ON ORDINARY ACTIVITIES		 1 Jan 2022-31 Mar 2023
1 Jan-31 Dec 2021
£
£
£
£
27,200
55,117
0
0
21,500
3,431
0
23,738
276
1,028
1,430
582
2,560
0
11,658
2,226
315
0
750
0
3,640
2,600
22,146
13,250
3,234
1,152
0
117
75
458
94,784
103,699
0
0
57,581
46,876
0
40
288
936
0
0
6,318
5,936
113
667
157
26
675
2,934
493
1,464
0
202
1,464
30,135
800
0
1,891
564
9,291
625
0
2,286
230
313
366
0
485
205
–––––––
–––––––
80,152
93,209
–––––––
–––––––
£ 14,632
£ 10,490
–––––––
–––––––

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