| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | ||
| Independent examiner's report tothe |
trustees | ||||
| Statement offinancial activities |
(including | income | and | ||
| expenditure account) |
|||||
| Statement offinancial position |
|||||
| Notes to the financial statements | 10 |
| Registered | charity | name | name | LymeArts | Community | Community | Trust Ltd | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1103599 | ||||||||
| Company | registration | number | 04654247 | |||||||
| Principal office and | registered | Timberly | ||||||||
| aNce | South Street | |||||||||
| Axminster | ||||||||||
| Devon | ||||||||||
| EX13SAD | ||||||||||
| UK | ||||||||||
| The trustees | ||||||||||
| N Clegg J Pound |
Resigned Appointed |
2 May 2022 17February 2023 |
||||||||
| P Edmonds | ||||||||||
| T Blech | ||||||||||
| D Harraway | ||||||||||
| D Lawrence | ||||||||||
| J Murphy | Resigned | 2 May 2022 | ||||||||
| M Thomas | ||||||||||
| S Knights | Appointed | 17February 2023 | ||||||||
| K Gigg | Appointed | 2 May 2023 | ||||||||
| M Hamer | Appointed | 31 July 2023 | ||||||||
| SRai | Appointed | 31 July 2023 | ||||||||
| T Morton | Appointed | 31 July 2023 | ||||||||
| Independent | examiner | Mr SJCarrington | (FCA) For and | on behalf | of | |||||
| Westcotts | (SW) | LLP | ||||||||
| Timberly | ||||||||||
| South Street | ||||||||||
| Axminster | ||||||||||
| Devon | ||||||||||
| England | ||||||||||
| EX135AD |
| Period from | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Apr21 to | |||||||||
| Yearto31 Dec | 22 | 31 Dec 21 | |||||||
| Unrestricted | Restricted | ||||||||
| funds | funds | Tolal funds | Total funds | ||||||
| Note | 2 | 2 | 2 | ||||||
| Income and endowments | |||||||||
| Donations and legacies |
77,743 | 14,000 | 91,743 | 132,571 | |||||
| Charitable activities |
199,854 | 199,854 | 101,372 | ||||||
| Othei trading activities |
184,822 | 184,822 | 70,553 | ||||||
| Investment income |
869 | 869 | 7 | ||||||
| Total income | 463,288 | 14,000 | 477,288 | 304,503 | |||||
| Expenditure | |||||||||
| Expenditure on raising funds: |
|||||||||
| Costs ofother | trading | activities | 9 | 57,284 | 57,284 | 29,423 | |||
| Expenditure on chartable |
activities | 10 | 364,008 | 14,817 | 378,825 | 235,298 | |||
| Total expenditure | 421,292 | 14,817 | 436,109 | 264,721 | |||||
| Net income and net movement | in | funds | 41,996 | (817) | 41,179 | 39,782 | |||
| Reconciliation offunds | |||||||||
| Total funds brought | forward | 462,752 | 135,239 | 597,991 | 558,209 | ||||
| Total funds carried | forward | 504,748 | 134,422 | 639,170 | 597,991 |
| 31 December | 20 | 22 | |||
|---|---|---|---|---|---|
| 2021 | |||||
| Note | 2 | ||||
| Fixed assets | |||||
| Tangibie fixed assets | 16 | 416,892 | 408,626 | ||
| Investments | 17 | 2 | 2 | ||
| 416,894 | 408,828 | ||||
| Current assets | |||||
| Stocks | 18 | 1,500 | 300 | ||
| Debtors | 19 | 20,607 | 7,944 | ||
| Cash at bank and | in | hand | 239,619 | 232,416 | |
| 261,726 | 240,660 | ||||
| Creditors: amounts | falling due within one year | 20 | 39,450 | 51,497 | |
| Net current assets | 222,276 | 189,163 | |||
| Total assets less | current liabilities | 639,170 | 597,991 | ||
| Net assets | 639,170 | 597,991 | |||
| Funds ofthe charity | |||||
| Restricted funds |
134,422 | 135,239 | |||
| unrestricted funds |
504,748 | 462,752 | |||
| Total charity funds | 21 | 639,170 | 597,991 |
| Donations and legacies |
|||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| 2 | 2 | 2 | |
| Donations | |||
| Donations | 6,905 | 6,905 | |
| Friends membership | 3,632 | 3,632 | |
| Grants | |||
| Lyme Regis Town Council | 22,000 | 22,000 | |
| Dorset Council | 11,250 | 2,500 | 13,750 |
| Theatres Trust | |||
| National Lottery |
10,000 | 10,000 | |
| Arts Council | 31,289 | 1,500 | 32,789 |
| Covid Support Grants | 2,667 | 2,667 | |
| 77,743 | 14,000 | 91,743 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| 2 | 2 | ||
| Donations | |||
| Donations | 1,661 | 1,661 | |
| Friends membership | 3,167 | 3,167 | |
| Grants | |||
| Lyme Regis Town Council | 16,500 | 16,500 | |
| Dorset Council | |||
| Theatres Trust | 807 | 807 | |
| National Lottery |
|||
| Arts Council | 73,007 | 73,007 | |
| Covid Support Grants | 37,429 | 37,429 | |
| 132,571 | 132,571 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| 2 | |||||
| Theatre hire | 20,861 | 20,861 | 10,582 | 10,582 | |
| Theatre events | 169,577 | 169,577 | 90,790 | 90,790 | |
| Youth theatre | income | 9,416 | 9,416 | ||
| 199,854 | 199,854 | 101,372 | 101,372 |
| Other trading activities | ||||
|---|---|---|---|---|
| Unrestricted | TotslFunds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| P. | 2 | 2 | ||
| Bar and coffee bar sales | 130,476 | 130,476 | 59,758 | 59,758 |
| Brochure advertising | 2,910 | 2,910 | 300 | 300 |
| Sponsorship | 2,000 | 2,000 | ||
| Weddings | 49,436 | 49,436 | 10,495 | 10,495 |
| 184,822 | 184,822 | 70,553 | 70,553 |
| Investment income |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| 2 | ||||
| Bank interest receivable | .869 | 869 | 7 | 7 |
| Costs ofother trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 f |
Funds R |
2021 2 |
|
| 57,284 | 57,284 | 29,423 | 29,423 |
| Expen | diture on charitable |
activities by activity typ | e | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Total funds | Total fund | ||||
| directly | Support | costs | 2022 | 2021 | ||
| 2 | ||||||
| Direct | costs | 359,435 | 19,390 | 378,825 | 235,298 |
| Analysis o | f support costs | |||
|---|---|---|---|---|
| Unrestricted | Total 2022 | Total 2021 | ||
| 2 | 9 | |||
| Finance costs | 2,303 | 2,303 | 1,143 | |
| Governance | costs | 2,727 | 2,727 | 2,943 |
| Advertising | and PR | 14,360 | 14,360 | 7,194 |
| 19,390 | 19,390 | 11,280 |
| 12. | Net income | |||||||
|---|---|---|---|---|---|---|---|---|
| Net income is | stated after | charging/(crediting): | ||||||
| 2022 | 2021 | |||||||
| 2 | 2 | |||||||
| Depreciation | oftangible fixed assets | 16,401 | 14,418 | |||||
| 13. | Independent | examination | fees | |||||
| Period from | ||||||||
| Year to | 1 | Apr21 to | ||||||
| 31Dec 22 | 31 Dsc21 | |||||||
| 2 | ||||||||
| Fees payable | to the independent | examiner for: | ||||||
| Independent | examination | ofthe | financial statements | 2,022 | 1.881 |
| The tot | al staff costs and employee benefits for |
the reporting period are analysed as f |
ollows: |
|---|---|---|---|
| Period from | |||
| Year to | 1 Apr21 to | ||
| 31Dec 22 | 31 Dec 21 | ||
| 6 | |||
| Wages | and salaries | 157,129 | 82,650 |
| Social | security costs | 1,846 | 1,281 |
| 158,975 | 83,931 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Freehold | Property | Fixtures and | ||
| property | improvement 2 |
fittings f |
Total 2 |
|
| Cost | ||||
| At 1 January 2022 | 250,000 | 187,041 | 74,723 | 511,764 |
| Additions | 16,197 | 8,270 | 24,467 | |
| At 31 December 2022 | 250,000 | 203,238 | 82,993 | 536,231 |
| Depreciation At 1 January 2022 |
39,293 | 63,645 | 102,936 | |
| Charge for the year | 10,162 | 6,239 | 16,401 | |
| At 31 December 2022 | 49,455 | 69,884 | 119,339 | |
| Carrying amount |
||||
| At 31 December 2022 | 250,000 | 153,783 | 13,109 | 416,892 |
| At 31 December 2021 | 250,000 | 147,748 | 11,078 | 408,826 |
| 17. | Investments | ||||
|---|---|---|---|---|---|
| Shares | in | ||||
| group | |||||
| undertakings | |||||
| 2 | |||||
| Cost orvaluation | |||||
| At 1 January | 2022 and 31 December 2022 | ||||
| Impairment | |||||
| At 1 January | 2022 and 31 December 2022 | ||||
| Carrying amount |
|||||
| At 31 December 2022 | 2 | ||||
| At 31 December 2021 | 2 | ||||
| All investments | shown above are held at valuation. | ||||
| 18. | Stocks | ||||
| 2022 | 2021 | ||||
| 2 | 2 | ||||
| Raw materials | and consumables | 1,500 | 300 |
| 19. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 f |
2021 f |
|||||
| Trade debtors | 19,077 | 7,410 | ||||
| Prepayments | and accrued income | 261 | ||||
| Other debtors | 1,269 | 534 | ||||
| 20,607 | 7,944 | |||||
| 20. | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| R | ||||||
| Trade creditors | 36,558 | 48,809 | ||||
| Accruals and | deferred | income | 2,892 | 2,688 | ||
| 39,450 | 51,497 | |||||
| 21. | Analysis ofcharitable | funds | ||||
| Unrestricted | funds |
| At | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | 1 | Jan 2022 f |
Income | Expenditure f |
31 Dec 2022 f |
|||
| General | funds | 462,752 | 463,288 | (421,292) | 504,748 | |||
| At | ||||||||
| At | 1 | Apr 2021 | Income | Expenditure f |
31 Dec 2021 f |
|||
| General | funds | 414,323 | 304,503 | (256,074) | 462,752 |
| Restrict | ed funds | At | ||||
| At1 Jan2022 | Income | Expenditure | 31 | Dec2022 | ||
| 2 | 2 | 2 | 2 | |||
| Property Seniors |
improvements Cultural |
135,239 | 4,000 10,000 |
(10,739) (4,078) |
128,500 5,922 |
|
| 135,239 | 14,000 | (14,817) | 134,422 | |||
| At | ||||||
| At 1 Apr 2021 | Income | Expenditure | 31 | Dec2021 | ||
| 2 | 2 | 2 | 2 | |||
| Property | improvements | 143,886 | (8,647) | 135,239 | ||
| Seniors | Cultural | |||||
| 143,886 | (8,647) | 135,239 |
| Analysis | ofnet as | sets between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| 2 | |||||
| Tangible | fixed assets | 288,392 | 128,500 | 416,892 | |
| Investments | 2 | 2 | |||
| Current | assets | 255,804 | 5,922 | 261,726 | |
| Creditors | less than | 1 year | (39,450) | (39,450) | |
| Net assets | 504,748 | 134,422 | 639,170 | ||
| Unrestricted | Restdcted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 2 | 2 | ||||
| Tangible | fixed assets | 273,587 | 135,239 | 408,826 | |
| Investments | 2 | 2 | |||
| Current | assets | 240,660 | 240,660 | ||
| Creditors | less than | 1 year | (51,497) | (51,497) | |
| Net assets | 462,752 | 135,239 | 597,991 |