REGISTERED COMPANY NUMBER: 04789736 (England and Wales)
REGISTERED CHARITY NUMBER: 1102787
12 DSC 2021
Re
ort of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2024
The Pound Arts Trust Limited
Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

The Pound Arts Trust Limited
Contents of the Flnancial Statements
for the Year Ended 31 March 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Flnanclal Activities
Balance Sheet
9 to 10
Notes to the Flnanclal Statements
11 to 17
Detalled Statement of Financial Activities
18 to 19

The Pound Arts Trust Limited
Re
ort of the Trustees
for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2024. The trustees have
adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our Mission
Connecting people through creativity.
Ourvalues
For the communities in our region to be engaged with breathtaking artistic experiences, regardless of their
background or circumstances. To be a creative catalyst and a place of refuge, discovery and nourishment for
the public and artists alike. To maintain and grow a sustainable flagship arts provision across the region that
acts as a model for excellent work that engages the soul, stimulates the mind and entertains the spirit of our
communities.
Our Vislon
Artistic Excellence championed across a broad range of art forms
Creativity through developing and supporting artists
Social Responsibility by fostering respect for diversity and community cohesion
Inclusion by stripping down barriers to engagement
Page 1

The Pound Arts Trust Limited
Re
ort of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Significant activities
The Pound Arts Trust Limited delivers more than 230 performances and films, 160 participatory arts events
and a minimum of 8 exhibitions a year at The Pound arts centre and around 60 rural venues across Wiltshire
and South Gloucestershire. The Trust works in partnership with other arts organisations, schools & youth
development agencies, local authorities, community groups, volunteers and funding bodies to deliver a
comprehensive annual arts programme across the county, in particular, within rural areas.
The three strands within Pound Arts are..
The Pound acts as a hub for the arts in north Wiltshire and is open 50 weeks of the year for up to 70 hours a
week and programmes more than 150 performances and films, 120 participatory events and a minimum of 8
exhibitions a year. It provides performance, gallery, rehearsal and workshop spaces for both professional
and community artists. It also houses three resident emerging artists, in open studios, and a programme of
activity designed to provide professional development for these artists and the region's wider artistic
community. It also provides support and a box office facility to a variety of arts organisations and events.
Rural Arts Touring programmes up to 100 performance and 20 participatory arts events a year in up to 60
villages across Wiltshire and South Gloucestershire. This work is predominantly music and theatre based
although we occasionally programme comedylfilmlvisual arts. This work is produced in partnership with
volunteer promoters in the 60 villages.
Festivals. We operate festivals annually..
Blue Sky Festival {June) in which we programme mainly free family-focussed events, concentrating on
music, crafts, theatre, theatre, comedy, visual arts and participatory work. Workshop activity and work with
local schools feature heavily in this festival.
Magic & Mayhem Festival (November) irs which we focus on cabaret, magic, mentalism, burlesque, circus,
theatre, visual arts, vintage, and dance. The events in this festival take place in a variety of venues in and
around Corsham, celebrating the historic nature of the venues with performances and events.
Both Festivals take place inlaround Corsham in a variety of venues. As well as The Pound arts centre we
present work in Corsham Town Hall, St Bartholomew's Church, The Almshouses, Sprirsgfield Campus and
others. We strive to use our Festival work to widen the reach of our programme beyond known attenders of
The Pound.
Publlc beneflt
When considering the aims of the charity the trustees have had regard to the guidance issued by the Charity
Commission on public benefit.
Page 2

The Pound Arts Trust Limited
Re
ort of the Trustees
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Our mission is Connecting People Through Creativity. This is how we did this in 2023124.
2023-24 has been a very busy year for Pound Arts. We have continued to attract very high average
attendance against a backdrop of economic uncertainty. We earned more ticket income in this year than in
any other year in our history but this has been offset by the cost of living crisis which has featured very high
levels of inflation which has affected all of our expenditure. Vvhilst our statutory levels of funding have
remained at standstill levels, our costs have risen sharply. We have combatted this through diversifying
income through increased fundraising and a strong trading performance but the picture for cultural
organisations remains difficult. This picture is reflected in cultural organisations throughout the country we
are by no means alone in this overall picture.
The artistic programme has been very strong in this period and very well supported by our communities. The
programme has included star names such as Chris Difford (Squeeze), Chris Mccausland, Tom Robinson,
Cara Dillon, John Kearns, Omid Djallili, Paul Foot, Richard Herring, The Gigspanner Trio, Nick Helm, John
Robb, Rich Hall, Kiri Pritchard McLean, Andy Zaltzman, Tom M¢Rae and Martha Tilston, amongst others.
For artists of this calibre to be presented throughout the year to the communities of Corsham is something to
be very proud of. Within the programme we run lunchtime recitals aimed at older people and a rich screen
programme focussing on independent films, foreign films and arthouse cinema. We also regularly screen
productions from the National Theatre and have recently added a strand of screening filmed performances of
outstanding opera and ballet.
We also have a gallery space which exhibits outstanding visual arts throughout the year. In this year we
presented 16 exhibitions by a diverse range of artists working across different media including painting,
sculpture, drawing and digital. We have three artist studios on site and this year welcomed a new artist, oil
painter Laura Richards, to the fold.
The average attendance for live work (music, theatre, comedy, dance, spoken word} was a record high 760/0.
Comedy and music lead the way in this, but all live work attracted very good audiences. Our fi'lm programme
attracted an average attendance of 23 %
since the pandemic films are available to stream online on multiple
platforms which explains this difference.
Our ￿0 festivals l The Blue Sky Festival & Magic & Mayhem) are intense week long festivals with their own
thematic programming. The festivals this year have seemed to stabilise post pandemic and we are looking at
how we can expand delivery in coming years.
This year also saw some return to normality for our Rural Touring schemes {Rural Touring Wiltshire & Rural
Touring South Gloucestershirel with the first full programme launched since the beginning of the pandemic.
Rural Touring, which is presented in partnership with volunteers from rural areas all across the region, sees
Pound Arts have a significant impact on small communities over a large geographic area.
We have continued to run a very significant artist support programme behind the scenes. In the reporting
period we ran 21 residencies, which saw work produced which then toured nationally. This ensures that
Corsham is playing a national role in the arts ecology of England, and that, where appropriate and possible,
we are helping artists and companies to develop their craft and business practices.
Our Creative Learning programme runs alongside all other work, and whilst we work with all ages, we have
specific focus on the very young and the very old. In the year we had a staggering 60,588 attendances in the
year in the programme. This is a mixture of weekly events and one off projects. Overall capacity for OLJr
Creative Learning work was 950/0. We continue to play a key role in county-wide projects like Celebrating
Age (providing activities for isolated older people) and FUEL (which provides food and activity for children
and young people in food povety). Increasingly our Creative Learning programme has a focus on using the
arts for a public health benefit. Another focus has been providing activities which promote good mental
health amongst children and young people (this year an accessible music therapy suite has been created to
accompany the existing music therapy suite which is situated on the first floor of the building.
We continue to lead the drive for environmental responsibility for the cultural sector as the Culture DeGIa￿S
Emergency Hub for the region (Wiltshire, Hampshire, BANES, Dorset). We are developing further the
community garden and making adjustments to our own building to reduce our own environmental impact.
Page 3

We remain committed to ensuring that the festival element of our programme serves a different purpose to
the rest of our work, giving audiences a reason to visit Corsham over the intensity of the Festival period, and
during their visit to encounter local businesses and the heritage of our beautiful town.
We are grateful to Arts Council England, Wiltshire Council and Corsham Town Council, as well as several
Trusts and Foundations and individual givers for their ongoing support for our work.
FINANCIAL REVIEW
Financial position
For the year ended 31 March 2024, the charity is reporting a deficit of £71,184 (2023.. deficit of £86,104).
Page 4

The Pound Arts Trust Limited
Re
ort of the Trustees
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific and are
readily converted to cash (free reserves) use should be maintained at a level equivalent to at least three
months running costs. At year end, free reseNes were £4,360 and the target level for reserves has been
determined to be around £70,000. The Trustees last reviewed this policy in February 2022 and agreed that
this is still an appropriate level. The Trustees consider that reserves at this level will ensure that, in the event
of a significant drop in funding, they will be able to continue the charity's CLsrrent activities while consideration
is given to ways in which additional funds may be raised. The Trustees are aware that the year-end free
reserves balance is below the target level balance and are fundraising to increase the level of free reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the
company and guarantee to contribute £1 in the event of a winding up.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04789736 (England and Wales)
Registered Charlty number
1102787
Reglstered offlce
The Pound Arts Centre
Pound Pill
Corsham
Wiltshire
SN13 9HX
Trustees
C Norman Trustee (resigned 11.12.23)
K R Roynon Trustee
S A Dawes Trustee
E J Crarer Trustee
E V Catterall Trustee
A J Walton Chair
M Robertson Trustee
A M Walters Trustee (resigned 11.12.23)
A H F Shepherd Trustee
J Knight (appointed 29.5.24)
M A Johnson (appointed 29.5.24)
C Parker (appointed 1.9.24)
Company Secretary
D R Tunney
Independent Examiner
Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR
Page 5

The Pound Arts Trust Limited
Re
ort of the Trustees
for the Year Ended 31 March 2024
TREASURER'S REPORT
The 2023124 year has been financially challenging, though we have seen income recover from the significant
impacts of the Covid-19 pandemic. However, costs continue to rise, and competition for Trusts and
Foundations funding remains intense.
Total income increased to £467,471 (2023.. £448,773), driven primarily by a rise in trading activities from the
box office and facility hire. However, income from other charitable activities decreased compared to the
previous year, which included grant income of £36,834. Additionally, reduced staff capacity has continued to
impact our fundraising efforts.
Total expenditure has also increased, mainly due to higher performer and artist fees. The total expenditure
includes depreciation of £43,209 related to leasehold improvements. The income for these improvements
was fully recognized in previous years, contributing to a deficit of £71,184 in the current year. The Trust
continues to set budgets based on a break-even position, excluding depreciation and other non-cash
adjustments.
The Trustees have identified a need to increase fundraising income to bridge the gap be￿een fixed core
funding levels and rising costs. This will be achieved through careful management of performance
scheduling and stringent cost control measures.
Public funding for the Trust's core activities has remained stable, with Arts Council England funding secured
through 2026. We are extremely grateful for the support received from Arts Council England, Wiltshire
Council, and Corsham Town Council, as well as all other public and private funds. This vital support enables
us to provide quality arts events for the Gommunity.
Approved by order of the board of trustees on
I£/Iiiz4
and signed on its behalf by..
C Parker- Trustee
Page 6

Inde
endent Examinerfs Re
ort to the Trustees of
The Pound Arts Trust Limited
Independent examiner's report to the trustees of The Pound Arts Trust Limited ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 ACVJ. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the
2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act,. or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination., or
the accounts have not been prepared In accordance with the methods and principles of the Statement
of Recommended Practice for accounting 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 IFRS 102}).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
A J Davis
The Institute of Chartered Accountants in England and Wales
Mander Duffill
Chartered Accountants
The Old Post Office
4143 Market Place
Chippenham
Wiltshire
SN15 3HR
Date:
Page 7

The Pound Arts Trust Limited
Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,659
11,659
8,746
Charitable activities
Funders
Capital Grants
181,958
(5,928}
176,030
155,862
36,834
Other trading activities
Investment income
279,178
604
279,178
604
247,094
237
Total
473,399
467,471
448,773
EXPENDITURE ON
Funded projects
182,161
1,057
183,218
172,625
Charitable activities
Funders
Other
355,437
355,437
362,252
Total
537,598
1,057
538,655
534,877
NET INCOMEIIEXPENDITURE)
Transfers between funds
(64,199)
36,899
(6,985)
36,899)
(71,184)
(86,104)
11
Net movement in funds
127,300)
(43,884)
(71,184)
{86,104}
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
283,026
44,384
327,410
413,514
TOTAL FUNDS CARRIED FORWARD
255,726
500
256,226
327,410
The notes form part of these financial statements
Page 8

The Pound Arts Trust Limited
Balance Sheet
31 Ivlarch 2024
31.3.24
Total
funds
31.3.23
Totsl
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
251,366
251,366
302,546
CURRENT ASSETS
Debtors
Cash at bank and in hand
31,717
45,757
31,717
46,257
15,469
95,721
500
77,474
500
77,974
111,190
CREDITORS
Amounts falling due within one year
10
{73,114)
(73,1141
(86,3261
NET CURRENT ASSETS
4,360
500
4,860
24,864
TOTAL ASSETS LESS CURRENT
LIABILITIES
255,726
500
256,226
327,410
NET ASSETS
255,726
500
256 226
327,410
FUNDS
Unrestricted funds
Restricted funds
11
255,726
500
283,026
44,384
TOTAL FUNDS
256 226
327,410
The charitable company is entitled 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 company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
(b)
The notes form part of these financial statements
Page g
continued...

The Pound Arts Trust Limited
Balance Sheet - continued
31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by..
alton - Trustee
C Parker- Trustee
The notes form part of these financial statements
Page 10

The Pound Arts Trust Limited
Notes to the Financial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) '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
1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Improvements to leasehold
Fixtures, fittings and equipment
Computer equipment
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable company'5 pension scheme are charged to the Statement of Financial Activities in the
period to which they relate.
Page 11
continued...

The Pound Arts Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
OTHER TRADING ACTIVITIES
31.3.24
31.3.23
Box office income
Facility hire
Gallery Sales
205,813
70,975
2,390
175,854
67,221
4,019
279,178
247,094
INVESTMENT INCOME
31.3.24
31.3.23
Deposit account interest
604
237
NET INCOMEI{EXPENDITURE)
Net incomel{expenditure) is stated after chargingl(creditingl'.
31.3.24
31.3.23
Depreciation - owned assets
51,180
51,180
AUDITORS, REMUNERATION
31.3.24
31.3.23
Fees payable to the charity's auditors for the audit of the charity's
financial statements
Accountancy
1,597
1,475
1.579
1,457
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
STAFF COSTS
The average monthly number of employees during the year was as follows..
31.3.24
31.3.23
11
Employees
No employees received emoluments in excess of £60,000.
Page 12
continued...

The Pound Arts Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
Improvements
to
leasehold
Computer
equipment
Totals
COST
At 1 April 2023 and 31 March 2024
432,088
116,745
3,068
551,901
DEPRECIATION
At 1 April 2023
Charge for year
160,708
43,209
86,878
7,496
1,769
475
249,355
51,180
At 31 March 2024
203,917
94,374
300,535
NET BOOK VALUE
At 31 March 2024
228,171
22,371
824
251,366
At 31 March 2023
271380
29,867
1,299
302,546
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Other debtors
Prepayments
8,173
18,894
4,650
7,899
6,507
1,063
15,469
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
Social security and other taxes
Accrued expenses
31,061
3,078
38,975
55,538
2,863
27,925
73,114
86,326
Page 13
continued...

The Pound Arts Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
11.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
be￿een
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
Corsham Town Council - Coronation
Corsham Town Council - Taste Festival
D'oyly Carte
Gallery sales 60V/o
CIC sales via box office
CWF
Storytown
SPARK
282,026
500
500
(70,459}
(500)
(500)
4,450
179
355
1,174
178
924
36,899
248,466
4,450
179
355
1,174
178
924
283,026
{64,199)
36,899
255,726
Restricted funds
Spark 2022
Local Youth Ne￿Ork
Mothers Who Make
Culture Welcomes Refugees
Shlomo 2023
Building Improvement AB
LED Lighting
2,000
1,057
500
848
900
2,180
36,899
(2,000}
(1,057}
500
(848)
(900}
12,180}
36,899)
36,899
500
TOTAL FUNDS
327,410
71184)
256 226
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Corsham Town Council - Coronation
Corsham Town Council - Taste Festival
D'oyly Carte
Gallery sales 600/9
CIC sales via box office
CWF
Storytown
SPARK
467,139
(5001
(5001
4,450
179
355
1,174
178
924
(537,598)
(70,459)
(500}
(500}
4,450
179
355
1,174
178
924
473,399
(537,598)
(64,199)
Restricted funds
Spark 2022
Local Youth Network
Culture Welcomes Refugees
Shlomo 2023
Building Improvement AB
{2,000)
(2,0001
(1,0571
18481
19001
2,1801
(1,057)
(848)
(900)
2,180)
5,928)
1,057)
6,985)
TOTAL FUNDS
467,471
538,655)
71,184)
Page 14
continued...

The Pound Arts Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
11.
MOVEMENT IN FUNDS - continued
Comparatives for movement In funds
Net
movement
in funds
Transfers
be￿een
funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
Corsham Town Council - Coronation
Corsham Town Council - Taste Festival
408,041
(125,950)
500
500
{65}
282,026
500
500
408,041
{124,9501
(65)
283,026
Restricted funds
Free School Meals
Spark 2022
Local Youth Ne￿ork
Mothers Who Make
Groundwork
Culture Welcomes Refugees
Shlomo 2023
Building Improvement AB
LED Lighting
(1)
100
(1,905)
1,900
2,962
500
50
60
2,000
1,057
500
{501
788
900
2,180
36,834
848
900
2,180
36,899
65
5,473
65
44,384
TOTAL FUNDS
413,514
86 104)
327,410
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
Corsham Town Council - Coronation
Corsham Town Council - Taste Festival
406,971
500
500
(532,921)
(125,950)
500
500
407,971
(532,921)
(124,950)
Restricted funds
Free School Meals
Spark 2022
Local Youth Ne￿Ork
Groundwork
Culture Welcomes Refugees
Shlomo 2023
Building Improvement AB
LED Lighting
(1)
(1)
100
(1,905)
150)
788
900
2,180
36,834
100
(1,905)
(50)
788
goo
2,180
36,834
40,802
1,956
38,846
TOTAL FUNDS
448,773
534,877)
86,104)
Page 15
continued..

The Pound Arts Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
11.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows-.
Net
movement
in funds
Transfers
be￿een
funds
At
31.3.24
At 1.4.22
Unrestricted funds
General fund
D'oyly Carte
Gallery sales 600/0
CIC sales via box office
CWF
Storytown
SPARK
408,041
(196,409)
4,450
179
355
1,174
178
924
36,834
248,466
4,450
179
355
1,174
178
924
408,041
(189,149)
36,834
255,726
Restricted funds
Free School Meals
Spark 2022
Local Youth Ne￿Ork
Mothers Who Make
Groundwork
Culture Welcomes Refugees
LED Lighting
{1)
(1,900)
(2,962)
1,900
2,962
500
50
60
500
(50)
(60)
36,834
36 8341
36 834)
500
TOTAL FUNDS
413,514
157,288)
256,226
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
D'oyly Carte
Gallery sales 60 %
CIC sales via box office
CWF
Storytown
SPARK
874,110
4,450
179
355
1,174
178
924
11,070,519)
(196,409}
4,450
179
355
1,174
178
924
881,370
(1,070,519)
{189,149)
Restricted funds
Free School Meals
Spark 2022
Local Youth Ne￿ork
Groundwork
Culture Welcomes Refugees
LED Lighting
(1)
(1}
{1,900}
{2,962}
{50)
{601
36,834
{1,900)
(2,962}
150)
(60)
36,834
34,874
3,013)
31,861
TOTAL FUNDS
916,244
(1,073,532)
(157,288)
Page 16
continued...

The Pound Arts Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
12.
RELATED PARTY DISCLOSURES
Pound Arts Trading Community Interest Company is a company limited by guarantee which has the
following trustees as directors..
K R Roynon
A J Walton (resigned 11.1.241
S A Dawes
K L Crawford
A H F Shepherd (appointed 11.1.24)
The Pound Arts Trust Limited was charged expenditure of £1,764 (2023.. £7,926) from Pound Arts
Trading Community Interest Company within the reporting period.
The Pound Arts Trust Limited has charged expenditure of £5,617 (2023: £8,606) to Pound Arts
Trading Community Interest Company within the reporting period.
Included within debtors is a loan receiveable to the Pound Arts Trading Community Interest Company
of £6,700. The Pound Arts Trust Limited does not intend to call in this debt in the foreseeable future.
No donations were received in the year from Pound Arts Trading Community Interest Company.
Page17

The Pound Arts Trust Limited
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
11,659
8,746
Other trading activities
Box office income
Facility hire
Gallery Sales
205,813
70,975
2,390
175,854
67,221
4,019
279,178
247,094
Investment income
Deposit account interest
604
237
Charitable activities
Funders
Grant income
176,030
155,862
36,834
176,030
192,696
Total incoming resourc88
467,471
448,773
EXPENDITURE
Expenditure on activities, donations and legacie8
Performer and artists fees
Gallery purchases
Creative learning
Film fees and expenses
167,206
1,897
6,345
156,995
2,423
6,647
6,560
183,218
172,625
Support costs
Finance
Booking and bank charges
12,497
10,972
Governance costs
Wages
Pensions
Independent examination fee
Accountancy
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Marketing
Carried fO￿ard
189,646
3,638
1,597
1,475
5,510
2,626
18,960
2,260
1,059
6,882
31,515
265,168
181,872
2,984
1,57g
1,457
10,746
2,263
23,919
1,984
339
8,667
41,360
277,170
This page does not form part of the statutory financial statements
Page 18

The Pound Arts Trust Limited
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
Governance costs
Brought forward
Administrative expenses
Computer costs
staff and trustee training
Subscriptions
Repairs and renewals
Depreciation of tangible fixed assets
265,168
1,420
9,453
2,458
4,120
9,141
51,180
277,170
1,797
6,492
3,244
5,657
5,740
51,180
342,940
351,280
Total resources expended
538,655
534,877
Net expenditure
71184)
86,104)
This page does not form part of the statutory financial statements
Page 19