REGISTERED COMPANY NUMBER: 04789736 (England and Wales) REGISTERED CHARITY NUMBER: 1102787 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for 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 Llmited Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement 10 Notes to the Cash Flow Statement 11 Notes to the Flnancial Statements 12 to 21 Detailed Statement of Financial Activities 22 to 23
The Pound Arts Trust Limited Re ort of the Trustees for the Year Ended 31 March 2025 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 2025. 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. Our Values 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 commLJnities. Our Vision 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 2025 OBJECTIVES AND ACTIVITIES Signif icant activities The Pound Arts Trust Limited delivered more than 311 performances and films, 3214 participatory arts events and 16 exhibitions this year at The Pound arts centre and 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 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 performances and films, participatory events and exhibitions. It provides performance, gallery, rehearsal, and workshop spaces for both professional and community artists. It also houses three resident 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 performance and participatory arts events in villages across Wiltshire and South Gloucestershire. This work is predominantly music and theatre based although we occasionally programme comedylfilmlvisual arts. This work is prodUd in partnership with volunteer promoters in the 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) in 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, Springfield 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 Vvhen 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 ort of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Achievements and performance Charitable activities Our mission is Connecting People Through Creativity. This is how we did this in 2024-25: 2024-25 has been a challenging year for Pound Arts. We have again earned more ticket income than in any other year in our history but this has been offset by continued high inflation which has affected all of our expenditure. Increases in staff costs driven by increases in the Minimum Wage and Employers Nl have further contributed to increased costs. Our core funding has remained level in nominal terms for several years, leading to significant real terms reductions. We have combatted this through diversifying income through increased fundraising and a strong trading performance, and continued focus on reducing costs wherever possible, but the financial situation remains difficult. This picture is reflected in cultural organisations throughout the country we are by no means alone in this overall picture. We have taken action since the year end to address this, in particular securing some increases in core funding and additional donations from new funders. The artistic programme has again been very strong and well supported by our communities. The programme has included star names such as Andy Parsons and Robin Ince. We have had hugely popular music such as Phil Beer and Daphne's Fight, along with popular theatre shows presented both in the auditorium, such as The Noise Next Door and The Handlebards, who returned to The Almshouses. Being able to present work of this calibre throughout the year to the communities of Corsham is something to be very proud of. We have continued to run lunchtime recitals aimed at older people and a diverse screen programme combining independent films, foreign films and arthouse cinema. We have also continued with the popular National Theatre screenings and have added art on screen. 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. Highlights included Lyn Snow.. Stencil, a locally renowned textile artist in Wiltshire and North Somerset, and Elemental.. Susan Derges, Christopher Bucklow, Adam Fuss, Nathaniel Faulkner and Edward Bucklow who are celebrated luminaries in the field of contemporary camera-less photography and are represented in the collections of the Guggenheim, V&A, MET New York. We have three artist studios on site. Across the year, all three of whom have created their own work, run workshops and collaborated with the trust in various ways. The average attendance for live work (music, theatre, comedy, dance, spoken word) was 670/0. Comedy very high attendance with many shows having extra rows added. Spoken word was also well attended and suggests we should add more events in the future. Although average ticket sales have gone down, the income from tickets has still gone up. Our festivals (The Blue Sky Festival & Magic & Mayhem) run in June and November and provided family focused events during Blue Sky and more adult audience focused events during Magic and Mayhem. Rural touring has been more of a challenge this year as the gap beeen funding and costs is significant, although a number of shows were still taken out to rural venues. We have continued to run a very significant artist support programme behind the scenes. In the reporting period we ran theatre 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 a specific focus on the very young and the very old. In the year we had a staggering 61,154 attendances in the year in the programme. This is a mixture of weekly events and one off projects. 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 poverty). 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. Page 3
The Pound Arts Trust Limited Re ort of the Trustees for the Year Ended 31 March 2025 We continue to be involved in the drive for environmental responsibility for the cultural sector working with Culture Declares Emergency. We are developing further the community garden and making adjustments to our own building to reduce our own environmental impact. 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 rev5ew Financlal position For the year ended 31 March 2025, the charity is reporting a deficit of £71.559 (2024.. £71.184). Reserves policy It is the policy of the charity to maintain cash reserves at a level equivalent to at least three months running costs, which historically has been around £70,000. The Trustees last reviewed this policy in February 2022 and agreed that this is still an appropriate level. However, due to the challenging financial situation described above, we have been unable to maintain reserves at this level in the last years. Our cashflow forecasting allows us to be confident the charity remains solvent, but we recognise that we must take action to rebuild cash reserves to this target level. We have since the year end secured significant new funds which will improve this situation considerably, but we are unlikely to return to the full reserves level in the 25126 financial year. 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 Charity number 1102787 Registered office The Pound Arts Centre Pound Pill Corsham Wiltshire SN13 9HX Trustees K R Roynon Trustee S A Dawes Trustee E J Crarer Trustee E V Catterall Trustee A J Walton Chair M Robertson Trustee A H F Shepherd Trustee J Knight Trustee (appointed 29.5.24) M A Johnson Trustee (appointed 29.5.24) C Parker Trustee and treasurer {appointed 1.9.24) Page 4
The Pound Arts Trust Limited Re ort of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADIVIINISTRATIVE DETAILS Company Secretary D R Tunney (resigned 31.8.25) R M Hill (appointed 1.10.25) Independent Examiner Mander Duffill Chartered Accountants The Old Post Office 41-43 Market Place Chippenham Wiltshire SN15 3HR TREASURER'S REPORT The 2024125 financial year has presented another period of challenge for the Trust, though also one of increased activity and recovery. Total income rose to £544,581 (2024.. £467,471), driven primarily by a significant increase in box office income, which reached record levels, reflecting both a busy artistic programme and strong community engagement as well as some ticket price increases. We also increased income from grants and donations. However, despite this growth in income, the Trust reported a deficit of £71,559 (2024.. £71,184>, with rising costs, especially staff remuneration, performer fees, utilities, and other operational expenditure, continuing to outpace income growth. The deficit includes the continued depreciation charge of £53,324, largely relating to prior-year capital improvements, which is a non-cash expense. The Trust continues to budget for a break- even position excluding depreciation and other non-cash movements. Cash in hand reduced during the year, reflecting both the deficit position and the increased scale of programme delivery. The Trustees recognised the emerging cash pressure early and took proactive steps to secure additional funding to protect the organisation's liquidity and maintain operational continuity. Post year end, the Trust successfully secured an additional £20,000 one-off grant from Corsham Town Council and raised £20,000 through The Big Give Christmas Challenge, which along with other new donors, marks an important step in diversifying income and expanding philanthropic support. Public funding from Arts Council England, Wiltshire Council and Corsham Town Council has remained stable. However, as most core funding continues at standstill levels, the gap beeen rising costs and fixed income remains a material financial risk. Trustees continue to monitor this closely and are committed to addressing it through strengthened fundraising, careful programme planning, and disciplined cost control. Overall, while the financial environment remains challenging, the Trustees are encouraged by the continued growth in engagement and earned income, as well as the organisation's ability to secure additional financial support when needed. The Trust remains committed to strengthening reserves and stabilising cash flow to support long-term sustainability. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on . and signed on the board's behalf by.. ,qi C Parker - Trustee Page 5
Inde endent Examiner's 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 2025. Responsibillties 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 ('the 2011 Act,). 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 (FRS 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 41-43 Market Place Chippenham Wiltshire SN15 3HR Date: Page 6
The Pound Arts Trust Limited statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 24,157 24,157 11,659 Charitable activities Funders 184,398 184,398 176,030 Other trading activities Investment income 335,342 684 335,342 684 279,178 604 Total 544,581 544,581 467,471 EXPENDITURE ON FLJnded projects 244,053 244,053 183,218 Other 372,087 372,087 355,437 Total 616,140 616 140 538,655 NET INCOMEI(EXPENDITUREI (71,559} (71,559) (71,184) RECONCILIATION OF FUNDS Total funds brought forward 255,726 500 256,226 327,410 TOTAL FUNDS CARRIED FORWARD 184,167 500 184,667 256,226 The notes ft)rm part of these financial statements Page 7
The Pound Arts Trust Llmlted Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 12 208,764 208,764 251,366 CURRENT ASSETS Debtors Cash at bank and in hand 13 34,979 13,615 34,979 14,115 31,717 46,257 500 48,594 500 49,094 77,974 CREDITORS Amounts falling due within one year 14 (73,191) (73,191) (73,114) NET CURRENT ASSETS 24,597) 500 24 097) 4,860 TOTAL ASSETS LESS CURRENT LIABILITIES 184,167 500 184,667 256,226 NET ASSETS 184 167 500 184,667 256,226 FUNDS Unrestricted funds Restricted funds 15 184,167 500 255,726 500 TOTAL FUNDS 184,667 256,226 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 otheiSe comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. A J Waltoh - Trustee The notes form part of these financial statements Page 8 continued...
The Pound Arts Trust Limited Balance Sheet- continued 31 March 2025 C Parker- Trustee The notes form part of these financial statements Page 9
The Pound Arts Trust Limited Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activltles Cash generated from operations 22,104) 50,068) Net cash used in operating activities 22,104) 50,068) Cash flows from investing activities Purchase of tangible fixed assets Interest received (10,722) 684 604 Net cash (used in)Iprovided by investing activities 10,038) 604 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (32,142) (49,464) 46,257 95,721 Cash and cash equivalents at the end of the reporting period 14,115 46,257 The notes form part of these financial statements Page10
The Pound Arts Trust Limited Notes to the Cash Flow Statement for the Year Ended 31 Ivlarch 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors Increasel(decrease) in creditors {71,559) (71,184) 53,324 (684) {3,262) 77 51,180 1604) {16,248) 13,212) Net cash used in operations 22,104) 50,068) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 46,257 32 142) 14,115 46,257 32 142) 14,115 Total 46,257 32,142) 14,115 The notes form part of these financial statements Page11
The Pound Arts Trust Limited Notes to the Financial Statements for the Year Ended 31 March 2025 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 102) {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 10% on cost 20 % on cost Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accounting 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's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 11,659 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Box office income Facility hire Gallery Sales 267,709 65,332 2,301 205,813 70,975 2,390 335,342 279,178 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account interest 684 604 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Funders Funders 184,398 176,030 184,398 176,030 Grants received, included in the above, are as ft)Ilows'. 31.3.25 31.3.24 Arts Council England Corsham Town Council Wiltshire council Other ringfenced income and grants 76,823 5,000 53,898 48,677 76,823 5,000 53,898 40,759 184,398 176,480 Page13 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 FUNDED PROJECTS Expendlture on activities, donations and legacie8 31.3.25 31.3.24 Performer and artists fees Gallery purchases Creative learning Film fees and expenses 226,974 1,640 7,079 8,360 167,206 1,897 6,345 7,770 244,053 183,218 SUPPORT COSTS Governance costs Finance Totals Other resources expended 13,912 358,175 372,087 NET INCOMEI(EXPENDITURE) Net incomel{expenditure) is stated after chargingl{crediting): 31.3.25 31.3.24 Depreciation - owned assets 53,324 51,180 AUDITORS, REMUNERATION 31.3.25 31.3.24 Fees payable to the charity's auditors for the audit of the charity's financial statements Accountancy 1,835 1,693 1,597 1,475 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 14 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Other pension costs 202,489 3,206 189,646 3,638 205,695 193,284 The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 11 Employees No employees received emoluments in excess of £60,000. 12. TANGIBLE FIXED ASSETS Fixtures, fittings and equipment Improvements to leasehold Computer equipment Totals COST At 1 April 2024 Additions 432,088 116,745 10,722 3,068 551,901 10,722 At 31 March 2025 432,088 127,467 3,068 562,623 DEPRECIATION At 1 April 2024 Charge for year 203,917 43,209 94,374 9,640 2,244 475 300,535 53,324 At 31 March 2025 247,126 104,014 2,719 353,859 NET BOOK VALUE At 31 March 2025 184,962 23,453 349 208,764 At 31 March 2024 228 171 22,371 824 251,366 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Other debtors Prepayments 9,829 22,965 2,185 8,173 18,894 4,650 34,979 31,717 Page15 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade Creditors Social security and other taxes Accrued expenses 33,698 31,061 3,078 38,975 39,493 73,191 15. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund D'oyly Carte Gallery sales 600/0 CIC sales via box office CWF Storytown SPARK Boshier Hinton Delemere Dairy Foundation FUEL (Easter) PA Funding Thearters Trust 3rd Parties (Ad Hoc) 3rd Parties (Various) 3rd Parties (Sales) 248,466 4,450 179 355 1,174 178 924 {80,507) (1,750) (76) (710) (1,174) (178) {651) 1,000 1,900 3,000 379 3,433 3,029 539 207 167,959 2,700 103 (355) 273 1,000 1,900 3,000 379 3,433 3,029 539 207 255,726 (71,559) 184,167 Restricted funds Mothers Vwho Make 500 500 TOTAL FUNDS 256,226 71,559) 184,667 Page 16 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued 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 Boshier Hinton Delemere Dairy Foundation FUEL (Easter) PA Funding Thearters Trust 3rd Parties (Ad Hoc) 3rd Parties {Various} 3rd Parties (Sales) 528,018 2,700 103 (608,525) (4,450) {179} {710) (1,174) (178) (924) (80,507) {1,750) (76) 1710) {1,174) 1178) 1651) 1,000 1,900 3,000 379 3,433 3,029 539 207 273 1,000 1,900 3,000 379 3,433 3,029 539 207 544,581 616,140 71,559 TOTAL FUNDS 544,581 616,140) 71,559) Page17 continued...
The Pound Arts Trust Limlted Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers beeen 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 60 /0 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 NeOrk Mothers Vvho 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) (2,180) 36,89g) 44,384 36,899 500 TOTAL FUNDS 327,410 71,184) 256,226 Page 18 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued Comparative 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 60 /. CIC sales via box office CWF Storytown SPARK 467,139 (500) (500) 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) (64,1g9) Restricted funds Spark 2022 Local Youth NeIork Culture Welcomes Refugees Shlomo 2023 Building Improvement AB (2,000) (2,0001 (1,057) (8481 {900} {1,057) (848) (900) 2,180) 1,057) 6,985) TOTAL FUNDS 467,471 538,655) 71,1841 Page 19 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers beeen funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Corsham Town Council - Coronation Corsham Town Council - Taste Festival D'oyly Carte Gallery sales 60 % CIC sales via box offi SPARK Boshier Hinton Delemere Dairy Foundation FUEL (Easter) PA Funding Theatres Trust 3rd Parties (Ad Hoc) 3rd Parties (Various) 3rd Parties (Sales) 282,026 500 500 (150,966) (500) {500) 2,700 103 {355) 273 1,000 1,900 3,000 379 3,433 3,029 539 207 36,899 167,959 2,700 103 (355) 273 1,000 1,900 3,000 379 3,433 3,029 539 207 283.026 (135,758) 36,899 184,167 Restricted funds Spark 2022 Local Youth NeOrk 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) (2,180) 36,899) 44,384 6,985 36,899) 500 TOTAL FUNDS 327,410 142,743) 184,667 Page 20 continued...
The Pound Arts Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued 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 Corsham Town Council - Coronation Corsham Town Council - Taste Festival D'oyly Carte Gallery sales 600/0 CIC sales via box office CWF Storytown SPARK Boshier Hinton Delemere Dairy Foundation FUEL (Easter) PA Funding Theatres Trust 3rd Parties (Ad Hoc) 3rd Parties (Various) 3rd Parties (Sales) 995,157 {500) (500) 7,150 282 355 1,174 178 1,197 1,000 1,900 3,000 379 3,433 3,029 539 207 (1,146,123) (150,966) 1500) 1500) 2,700 103 (355) (4,4501 (179) (710) (1,174) {178) {924) 273 1,000 1,900 3,000 379 3,433 3,029 539 207 1,017,980 {1,153,738) {135,758) Restricted funds Spark 2022 Local Youth NeOrk Culture Welcomes Refugees Shlomo 2023 Building Improvement AB (2,0001 {2,000) (1,057) (848) (goo) 2,180) (1,057) (848) (9001 1,057) 6,9851 TOTAL FUNDS 1,012,052 (1,154,795) 142,743) 16. 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 S A Dawes K L Crawford A H F Shepherd The Pound Arts Trust Limited was charged expenditure of £2,19812024.' £1,764) from Pound Arts Trading Community Interest Company within the reporting period. The Pound Arts Trust Limited has charged expenditure of £6,122 (2024.. £5,617) to Pound Arts Trading Community Interest Company within the reporting period. Included within debtors is a loan receivable 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. Page 21
The Pound Arts Trust Llmlted Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 24,157 11,659 Other trading activities Box office income Facility hire Gallery Sales 267,709 65,332 2,301 205,813 70,975 2,390 335,342 279,178 Investment income Deposit account interest 684 604 Charitable activities Funders 184,398 176,030 Total incoming resources 544,581 467,471 EXPENDITURE Expenditure on activities, donations and legacies Performer and artists fees Gallery purchases Creative learning Film fees and expenses 226,974 1,640 7,079 8,360 167,206 1,897 6,345 7.770 244.053 183,218 Support costs Finance Booking and bank charges 13,912 12,497 Governance costs Wages Pensions Independent examination fee Accountancy Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Marketing Administrative expenses Computer costs Staff and trustee training Carried forward 202,489 3,206 1,835 1,693 9,839 3,069 21,603 2,791 518 7,375 25,942 1,862 6,150 1,666 290,038 189,646 3,638 1,597 1,475 5,510 2,626 18,960 2,260 1,059 6,882 31,515 1,420 9,453 2,458 278,499 This page does not form part of the statutory financial statements Page 22
The Pound Arts Trust Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Governance costs Brought forward Subscriptions Repairs and renewals Depreciation of tangible fixed assets 290,038 2,963 11,850 53,324 278,499 4,120 9,141 51,180 358,175 342,940 Total resources expended 616,140 538,655 Net expenditure 71,5591 71,184) This page does not form part of the statutory financial statements Page 23