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|Reference and Administrative
Details|||
|---|---|---|
|Report ofthe Trustees|2 to|10|
|Report ofthe Independent
Auditors|11 to|13|
|Statement ofFinancial Activities|14||
|Balance Sheet|15||
|Cash Flow Statement|16||
|Notes to the Cash Flow Statement|17||
|Notes to the Financial Statements|18 to|29|
|TRUSTEES||Mr A W Isles|||
|---|---|---|---|---|
|||Mr R G Renwick|||
|||Mr H JWalker (resigned|12.3.23)||
|||Ms A E Binks|||
|||Mrs L G Allen (appomted||7.4.22)|
|||Mr M N Walker (appointed||7.4.22)|
|||Dr RN YOwen (appointed||12.10.22)|
|||Mr R Djtma (appomted|14.10.22)||
|REGISTERED|OFFICE|3 St Mary's Road|||
|||Luton|||
|||Bedfordshue|||
|||LU1 3JA|||
|REGISTERED|COMPANY|03525877 (England and Wales)|||
|NUMBER|||||
|REGISTERED|CHARITY|1107790|||
|NUMBER|||||
|AUDITORS||FKCA Limited|||
|||Statutory
Auditor|||
|||260 —270 Butterfield|||
|||Great Marlings|||
|||Luton|||
|||Bedfordshire|||
|||LU2 SDL|||
|BANKERS||Bank ofScotland|||
|||PO Box 1000|||
|||BX2 1LB|||
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|||||for the Year Ende|d 31MARCH 2|023|||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|||||Unrestncted|Restncted|Designated|Total|Total|
|||||funds|funds|Funds|funds|funds|
||||Notes|f.|||||
|INCOME AND|||ENDOWMENTS FROM||||||
|Donations
and legacies|||3||243,961||243,961|333,554|
|Charitable
activities|||||||||
|Creative learning||||||||2,790|
|Other tradmg
and sponsorship|||||||||
|activities||||224,704|599||225,303|43,963|
|Investment
income|||||86||86|6|
|Total||||'24 704|244 646||~69 350|38~313|
|EXPENDITURE|ON||||||||
|Cost ofgenerating|funds|||8,099|18,618||26,717|3,059|
|Charitable
activities|||||||||
|Luton international|Carmval|||125,639|174,223||249,862|68,504|
|Creative learning||||279|60,674||60,953|83,676|
|Artisnc programme|||||se,es4||se,es4|199,734|
|Trading activities||||43,017|1,263|112,135|156,415|84,810|
|Artreach||||||||2~000|
|Total||||177034|261432|112135|550601|463783|
|NET|||||||||
|INCOME/(EXPENDITURE)||||47,670|(16,786)|(112,135)|(81,251)|(83,470)|
|RECONCILIATION||OF|FUNDS||||||
|Total funds brought|forward|||(5,952)|66,066|4,355,028|4,415,142|4,498,612|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||41 778|492817|4242 8'13|4 333 892|4415 142|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Designated|Total|Total|
|||funds|funds|Funds|funds|funds|
||Notes||||||
|FIXEDASSETS|||||||
|Tangible assets|14|4,845||4,242,893|4,247,738|4,366,480|
|Investments|15|||||I|
|||4,845||4,242,893|4,247,738|4,366,481|
|CURRENT ASSETS|||||||
|Debtors|16|26,497|26,000||52,497|80,420|
|Cash at bank and in hand||41 747|35 942||7 689|5~985|
||||61,942||130,186|135,405|
|CREDITORS|||||||
|Amounts
falling due within one|||||||
|year|17|(31,373)|(12,660)||(44,033)|(86,744)|
|NET CURRENT ASSETS||36 871|49282||86 153|48 661|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||41,716|49,282|4,242,893|4,333,891|4,415,142|
|NET ASSETS||41716|4'1282|4242893|43338sl|4415142|
|FUNDS|||||||
|Unrestricted
funds|||||41,716|(5,952)|
|Re strict
ed Am48|||||7.||
|TOTAL FUNDS|||||4333 891|4 ~15142|
##
|||||for the Year Ended 3|1MARCH 2023||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Notes|f.||
|Cash flows from operating|activities||||||
|Cash generated
from operations
Net cash provided
by operating||activities|||22 618
~22 618|7 282
~7282|
|Cash flows from investing|activities||||||
|Interest received|||||||
|Net cash provided
by investing||activities|||86||
|Change in cash and cash equivalents|||in||||
|the reporting
period|||||22,704|7,288|
|Cash and cash equivalents|at|the|||||
|begianing
ofthe reporting|period||||54985|47 697|
|Cash and cash equivalents|at|the end|of||||
|the reporting
period|||||77 689|54 985|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|Net expenditure
for the reporting|||period (as per the Statement of|||||
|Financial
Activities)||||||(81,251)|(83,470)|
|Adjustments|for:|||||||
|Depreciation|charges|||||118,742|118,743|
|Interest received||||||(86)|(6)|
|Dccrcasc/(increase)||in debtors||||27,923|(2,465)|
|Decrease m|creditors|||||~42 710)|~25 520|
|Net cash provided||bg operations||||22 618|7 282|
|ANALYSIS|OF CHANGES IN NET FUNDS|||||||
|||||At|1 4.22|Cash tlow|At 31.3 23|
|Net cash||||||||
|Cash at bank|and in|hand|||54 985|22 704|77 689|
||||||54 985|22 704|77 689|
|Total||||~54 985||22 704|~77 689|
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|DONATION|S
AND LEGACI|ES||||
|---|---|---|---|---|---|
|||||2023|2022|
|Donations|||||28,016|
|Grants||||~243 961|~305 538|
|||||243 961|333 554|
|OTHER TRADING AND SPONSORSHIP|||ACTIVITIES|||
|||||2023|2022|
|Bar &catering income||||599|942|
|Hire fees||||50,008|43,021|
|Sponsorship
t.'omnussions|income|||150,000
~24 696||
|||||~225 303|~43 963|
|INVESTMENT INCOME||||||
|||||2023|2022|
|Deposit account interest||||86|6|
|INCOME FROM CHARITABLE ACTIVITIES||||||
|||||2023|2022|
|||Activity||f||
|Workshops|and commissions|Creative|learning||2 790|
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|Fundraising||||||
|---|---|---|---|---|---|
|||||2023|2022|
|Fundraising||||15250||
|Trading activities||||||
|||||2023|2022|
|Repairs and renewals|||||449|
|Staff costs|||||2,610|
|Technical
support||||250||
|Consultancy||||3,368||
|Event management||||90||
|Postage and stationery||||70||
|Arttstic matenals||||7,407||
|Equipmcnt
hire||||282
11467|~3059|
|Aggregate
amounts||||26717|3 059|
|CHARITABLE ACTIVITIES COSTS||||||
|||||Support||
||||Direct|costs (scc||
||||Costs|note 9J|Totals|
|||||f.||
|Luton International|Carnival||214,027|35 835|249,862|
|Creative leanung|||55,633|5,320|60,953|
|Artistic progrannnc|||34.759|21,895|56,654|
|Tradmg activities|||~117776|38.639|156415|
||||422 195|101689|523 884|
|SUPPORT COSTS||||||
||||Organisation|Office||
|||Overheads|Costs|Costs|Totals|
|||g|8|f.|f|
|Luton International|Carnival|16,143|8,510|11,182|35,835|
|Creative
learntng||172||5,148|5,320|
|Artistic programme
Trading activities||10,900
7,077|4,044
22,355|6,951
9207|21 895
~38639|
|||34 292|34.909|32 488|101689|
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||||2023|2022|
|---|---|---|---|---|
|Depreciation||- owned assets|118,742|118,743|
|Auditor|rcmuncration||6500|6 500|
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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2023|2022|
|Wages||||120,364|105,824|
|Social secunty
Pensions||||10,470
~1882|3,184
~1150|
|||||132716|110158|
|The average monthly|number ofetnployees|during|the year was as follov:s:|||
|||||2023|2022|
|Employees||||7|9|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|13.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||||
||||||Unrestricted|Restricted||Designated|Total|
||||||funds|funds||Funds|funds|
||||||||6|||
||INCOME AND ENDOWMENTS FROM|||||||||
||Donations
and legacies||||151,294|182,260|||333,554|
||Charitable
activities|||||||||
||Crcativc lcanung||||2,790||||2,790|
||Other trading
and sponsorshtp|||activtttes|43,963||||43,963|
||Investment
income||||6||||6|
||Total||||198053|182260|||3Rtl 313|
||EXPENDITURE ON|||||||||
||Cost ofgenerating
funds||||3,059||||3,059|
||Charitable
activities|||||||||
||Luton International
Carnival|||||51,258||17,246|68,504|
||Creative leanung|||||72,935||10,741|83,676|
||Artistic progrannnc||||87,815|46, 172||65,747|199,734|
||Tradmg activities||||66,409|||18,401|84,810|
||Artreach
Total||||20,000
177283|4 000
14'.165||11(135|24,000
463783|
||NET INCOME/(EXPENDITURE)||||20,770||7,895|(112,135)|(83,470)|
||RECONCILIATION||OF FUNDS|||||||
||Total tunds brought|forward|||(26,722)|58,170||4,467,164|4,498,612|
||TOTAL FUNDS CARRIED|||FORWARD||||3'"||
|14.|TANGIBLE FIXEDASSETS|||||||||
|||||||||Fixtures||
|||||||Plant|and|and||
||||||Property|machinery||tinings|Totals|
||||||||f.|||
||COST|||||||||
||At
1 April 2022 and|31|March|2023|5 806 762|918|943|534451|7 260 156|
||DEPRECIATION|||||||||
||At
1 April 2022||||1,451,734|918,816||523,126|2,893,676|
||Charge for year
At 31 March 2023
NET BOOK VALUE
At 31March 2023||||11(135
4 4'
I 563 N69|91N|127
943|6,480
118742
4»
38
529 606
3 012 41N||
||At 31March 2022||||4 355 028||127|11325|~ 3664Rtl|
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|Nature ofbus|me|ss: Dormant|||||
|---|---|---|---|---|---|---|
||||D/||||
|Class ofshare:|||holding||||
|Ordinary||||100|||
||||||31.10.23|31.10.22|
||||||f||
|Aggregate
capital and reserves|||||1|1|
|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE|||YEAR|||
||||||2023|2022|
|Trade debton;|||||22,280|11,990|
|VAT|||||873|13,576|
|Prepayments|and accrued income||||29,344|54 854|
||||||52497|80 420|
|CREDITORS:||AMOUNTS FALLING DUE|WITHIN ONE YEAR||||
||||||2023|2022|
|Trade creditors|||||27,035|10,900|
|Social secunty||and other taxes||||3,121|
|Other creditors|||||2,666||
|Accruals
and|deferred mcome||||14332|72,723|
||||||44 033|S6.744|
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|||||Grant Income|
|---|---|---|---|---|
|Deferred
Incoming
Amounts|Income brought
forward
at I Apnl 2022
rcsourccs dcfcrrcd in thc current year
released
from previous
years|||60,000
3,000
~6000tl|
|Deferred|Income|carried forward|at 31 March 2023|3 000|
##
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|||||2023|2022|
|---|---|---|---|---|---|
|Net obligations
receivable:||||||
|Within one year||||8,865|8,865|
|Between one and tive years||||8,865|~17730|
|||||17730|26595|
|MOVEMENT
IN FUNDS||||||
|||||Net||
|||||movement|At|
||||At 1.4.22|in funds|31.3.23|
|||||f,||
|Unrestricted
funds||||||
|General
fund|||(5,952)|47,668|41,716|
|Restricted
funds||||||
|Future depreciation|charges||4,355,028|(112,135)|4,242,893|
|Arts Council funding|||53,576|(53,576J||
|BLCFLuton citizens fund|||9,902|(9,902)||
|BLCFCommunity|Investment|Fund||7,050|7,050|
|BLCFstability
fund|||2,588|12,340|14,928|
|Royal opera house||||2,304|2,304|
|Steel charitable
trust
TOTAL FUNDS|||4 421 tl94
4 ~15142|25 non
~722 9197
~nl
2517|25 tutl
4 292 175
4 '133 291|
##
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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|Gcncral fund|||224.704|(177,036)|47,668|
|Restricted
funds||||||
|Future depreciation|charges|||(112,135)|(112,135)|
|Arts Council funding|||153,446|(207,022)|(53,576)|
|BLCFLuton citizens fund||||(9,902)|(9,902)|
|BLCFCommunity|Investment|Fund|36,201|(29,151)|7,050|
|BLCFstability
fund|||24,999|(12,659)|12,340|
|Royal opera house
Steel charitable
trust|||5,000
25,000|(2,696)|2,304
~25 000|
||||~244 646|~373565)|~128919)|
|TOTAL FLINDS|||469350|~550601)|81 251|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.21|tn funds|31.3.22|
|Unrestricted
funds|||||
|General
fund||(26,722)|20,770|(5,952)|
|Rcstrictcd funds|||||
|Future depreciation|charges|4,467,164|(112,135)|4,355,029|
|Arts Council funding||54,531|(955)|53,576|
|BLCF Luton citizens fund
BLCFstability
fund
TOTAL FUNDS||3639
~525 334
4498612|9,902
~7052
~3042~tlt
~83470|9,902
2 587
4 423 974
4415142|
##
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|||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|in funds|
|Unrestricted
funds|||||||||
|Gcncral fund||||||198.053|(177,283)|20,770|
|Restricted
funds|||||||||
|Future depreciation|charges||||||(112,135)|(112,135)|
|Arts Council funding||||||152,761|(153,716)|(955)|
|Artrcach||||||4.000|(4,000)||
|BLCFLuton citizens fund
BLCFstability
fund
TOTAL FUNDS||||||10,500
14999
~182260
380313|(598)
~(6051)
~286500)
~463 783)|9,902
~(052)
104240
~83470)|
|A current year 12 months||and|pnor year 12 months|combined|position|is as follows:|||
||||||||Net||
||||||||movement|At|
|||||||At 1.4.21|in funds|31.3.23|
||||||||f||
|Unrestricted
funds|||||||||
|General
fund||||||(26,722)|68,438|41,716|
|Restricted
funds|||||||||
|Future depreciation|charges|||||4,467,164|(224,270)|4,242,894|
|Arts Council funding||||||54,531|(54,531)||
|BLCFCommunity|Investment||Fund||||7,050|7,050|
|BLCF stability
fund||||||3,639|11,288|14,927|
|Royal opera house|||||||2,304|2,304|
|Steel charitable
trust|||||||2500tl|25t00|
|||||||~525334|~2337593|4292175|
|TOTAL FUNDS||||||4498612|~I647213|4333891|
##
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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|Gcncral fund|||422.757|(354,319)|68,438|
|Restricted
funds||||||
|Future depreciation|charges|||(224,270)|(224,270)|
|Arts Council funding|||306,207|(360,738)|(54,531)|
|Artrcach|||4.000|(4,000)||
|BLCFLuton citizens fund|||10,500|(10,500)||
|BLCFCommunity|Investment|Fund|36,201|(29,151)|7,050|
|BLCFstability
fund|||39,998|(28,710)|11,288|
|Royal opera house|||5,000|(2,696)|2,304|
|Steel charitable
trust|||25.000||25,000|
||||426 906|~660065)|~233 159)|
|TOTAL FUNDS|||849.663|~)0)4384)|~)64721)|
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