MAKING SPACE FOR CRAFTS LTD Council of Management Annual Report and Financial Statements
1 April 2021 to 31 March 2022
CONTENTS
| REFERENCE AND ADMINISTRATIVE DETAILS | 2 |
|---|---|
| COUNCIL OF MANAGEMENT REPORT | 3 - 7 |
| ACKNOWLEDGEMENTS & THANKS | 8 |
| INDEPENDENT EXAMINER’S REPORT | 9 |
| STATEMENT OF FINANCIAL ACTIVITIES | 10 |
| BALANCE SHEET | 11 |
| NOTES TO THE FINANCIAL STATEMENTS | 12 -18 |
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MAKING SPACE FOR CRAFTS LTD 2021-22
Name of Charity
Making Space for Crafts Ltd (a company limited by guarantee) formerly The MOMC – Leigh Parks Crafts Initiative Trust Limited
Registered Office and Principal Address
2 Bishopstoke Road Leigh Park Havant Hampshire PO9 5BN
Company Registered Number
4482576 (England and Wales)
Charity Registered Number
1108387
Council of Management
Lesley Butterworth (Chair) Richard Walker (Vice Chair) Victoria Edwards Loucia Manopoulou Kate Spresser Samantha Dewar-English Tara Goddard
Company Secretary
Kenneth Parry
Bankers
CAF Bank, 25 Kings Hill Ave, Kings Hill, West Malling ME19 4JQ
Independent Examiner
Tim Light FMAAT Lightatouch Internal Audit Services 7 Hodder Close Chandlers Ford Hampshire SO53 4QD
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MAKING SPACE FOR CRAFTS LTD 2021-22
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Council of Management (who are also directors of the Charity for the purposes of the Companies Act 2006) present their sixteenth annual report, for the 12 months ended 31 March 2022.
The company is a charitable company limited by guarantee, incorporated on 10 July 2002 and registered as a charity on 2 March 2005. On 12 October 2020 the company name was changed from The MOMC – Leigh Parks Crafts Initiative Trust Limited to Making Space for Crafts Ltd.
Purpose
Making Space is a community-based craft organisation that creates opportunities for people to discover and develop design and making skills, increasing personal wellbeing through involvement in high-quality craft. The charity promotes excellence in contemporary craft, design and visual arts. As the lead craft organisation in Hampshire, Making Space initiates opportunities for new networks and partnership working to raise the profile of craft. This includes working with local arts organisations and contributing to regional and national developments around craft and community engagement.
From its purpose-built studios in Leigh Park, Making Space organises courses, masterclasses and projects through which children, young people and adults can learn from skilled and experienced makers. The building belongs to and is maintained by Hampshire County Council who provide the premises rent-free. It houses seven individual studio spaces that are leased to professional makers producing high quality work, as well as two fully equipped workshops that are available for hire, either as creative spaces or for business meetings.
Council of Management (Trustees)
The Articles stipulate a minimum of 6 Council Members, who are both trustees and directors of the company, and no more than 12. Up to two Council Members may be appointed by a consultative Panel of Users of the charity’s facilities. In practice there is always one of the studio tenants on the Council and regular tenants’ meetings are held. Two members can be appointed by Hampshire County Council and Havant Borough Council as corporate Council Members. One third of Council Members retire by rotation annually, with a maximum duration of service being 10 years.
The Council of Management regularly holds open recruitment for trustee members and seeks to include a wide range of skills including skilled crafts people. Trustee induction is in place and further training on specific matters is provided. There are at least four Council of Management meetings a year. Council members also participate in small working groups on specific issues such as fundraising and staffing matters.
The following are current or served as trustees on the Council of Management in the year: Lesley Butterworth (Chair) Richard Walker (Vice Chair) Victoria Edwards Loucia Manopoulou Kate Spresser Alison Rowsell (Resigned Sep 2021) Samantha Dewar-English Tara Goddard (Appointed Apr 2021)
Staff
The small staff team consists of Director, Studio Manager, Outreach Manager, Facilities Technician and a casual Duty Manager. In May 2021 Making Space welcomed the first of two young people to Making Space on the government's Kickstarter scheme. The second joined in August. Both had 6 months placements and made valuable contributions to Making Space.
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MAKING SPACE FOR CRAFTS LTD 2021-22
Making Space continues to benefit from external support from a freelance Finance Manager; Ken Parry and are grateful to Liz Weston, who has continued to give her time to develop the fundraising capacity, submitting bids and managing the relationships established during her time as Interim Director.
Risk Management
The Council of Management is developing a revised risk management strategy which will comprise review of the principal risks and uncertainties relevant to the charity, the establishment of policies, systems and procedures to mitigate the risks identified and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
Financial sustainability is the major financial risk for the charity. A key element of the management of financial risk is to pay close attention to cash flows and projected outflows while seeking to secure grants and voluntary income.
Financial Review
Total incoming resources for the year to 31 March 2022 amounted to £175,881, which was £29,740 more than in 2020-21 (20%). This rise followed the return to full activity after the Covid-19 pandemic, supported by the Cultural Recovery Fund from Arts Council England. Unrestricted income to the General Fund rose to £158,113 (2020-21 £124,392), while income from grants and donations to Restricted Funds totalled £14,426 (2020-21 £21,749).
Compared to the previous year (2020-21):
-
Donations, Gifts and Legacies at £315 were £224 (42%) down. The prior year was largely due to participants donating their fees from cancelled classes
-
Investment income at remained negligible at £4
-
Charitable activities (participation fees & studio rental) revenue at £33,476 was £18,310 (121%) up, reflecting the return to a more normal programme after the pandemic
-
Unrestricted grants income increased by £15,372 (19%) to £96,007. Of this, £14,167 was emergency Covid funding from Havant Borough Council, £28,000 was Cultural Recovery Fund from Arts Council England, £101 from HMRC’s Job Retention Scheme and £13,363 from the Government’s Kickstart Apprentice scheme.
Total resources expended in the year were £159,548, which is £63,893 (67%) more than in 2020-21, reflecting the increase in activity post pandemic. This includes £28,000 donated services and facilities. Unrestricted expenditure from the General Fund amounted to £131,548 (2020-21 £68,765), an increase of £62,783 (91%). This increase was in part due to staffing costs with a full year of the new Director’s salary, increased hours and the temporary employment of two Kickstart Apprentices. There was also one-off expenditure from the CRF funding on items aimed at increasing the sustainability of the organisation. There were no Designated Funds but for clarity unrestricted project funds are now shown separately. Expenditure from Restricted Funds totalled £12,050 including agreed contributions to Core Support Costs and marketing totalling £5,924. Compared to the previous year (2020-21) direct activity costs at £22,689 were £4,576 (25%) down, reflecting the reducing impact of the Covid-19 pandemic.
The remaining value of tangible assets was depreciated by £294 in line with the previous reducing balance policy. The CCTV system was depreciated by a further £400 in line with the new straight-line policy. Several assets with a residual book value of under £25 were posted as disposals, along with other disposals of obsolete items with a net loss £512. Charity’s tangible assets consequently had a book value of £2,867 at 31 March 2021.
The overall effect of the year’s trading has been to increase the Charity’s overall Financial Assets from £58,535 to £61,010, a net increase of £2,475. Unrestricted General Funds have increased by £1,155 to
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£51,886 with Unrestricted Project Funds held falling by £1,170 to £364. No Designated Funds are held. Restricted Funds have increased by £2,376 to £8,760.
Reserves Policy
It is the policy of the company that unrestricted funds which have not been designated for a specific use and are not held in tangible assets should be maintained at a level equivalent to between three- and sixmonth’s expenditure. The Council of Management considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the company's current activities while consideration is given to ways in which additional funds may be raised. The level of free reserves at year end was £49,382, which equates to five months of current year core expenditure.
Principal Funding Sources
The Council of Management are most grateful to all the organisations and individuals who have supported Making Space through the year. A list of most donors can be found on page ** of this report.
During these unprecedented times, many funding sources temporarily suspended applications and switched to crisis funding. During the period we were in receipt of local authority issued covid grant funding, and funding from the second round of the Arts Council's Cultural Recovery Fund which enabled us to review our financial resilience, and begin looking at different models of working following the pandemic.
PUBLIC BENEFIT, OBJECTIVES AND ACTIVITIES
The Council of Management are mindful of their obligation to comply with Charity Commission guidance on public benefit and have taken this into account while exercising their duties and activities with regard to the charity.
Making Space for Crafts Ltd’s charitable objects are:
(i) To promote, maintain, improve and advance the education of the public and in particular the disadvantaged public by the encouragement of the arts generally and in particular the visual arts of fine art, sculpture, crafts, 3D arts, drawing, digital arts, film making, video making and photography.
(ii) The provision of facilities for recreation or other leisure time occupations, particularly facilities for the production and exhibition of the visual arts and crafts with the object of giving the widest possible access to the arts by all members of the public.
Our aspirations for engagement for the 2021 -22 financial year were conservative, considering the impact of the pandemic on attendance, and the looming financial crisis on spending and funding availability. The intention, in addition to ongoing support of makers, was to provide activities throughout the year for people within the local community. Research shows the disproportionate impact of the pandemic on those on the lower socio-economic spectrum and vulnerable people who have health, wellbeing or other complex social/educational needs.
Relationships with other charitable and community organisations in the area provided an insight into the challenges faced by local people, and vulnerable groups. These partner organisations shared the impact the pandemic was having on their work and reached out for support in delivery of arts activities for their beneficiaries. During the period requests for support with activity doubled.
We continue to approach our work within three key programme areas, and their beneficiaries, in mind:
● Community Engagement: making a difference to the local community by using craft as a tool for inclusion and social change.
● Skills Development: inspiring and engaging children, young people and local adults in craft through meaningful education activities.
● Maker Progression: supporting the professional development of artists and makers through training and mentoring, facilitating resilient craft careers and supporting the craft industry on a wider scale.
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MAKING SPACE FOR CRAFTS LTD 2021-22
Community Engagement
Post lockdown, we began reintroducing activities, mindful of the need to ensure attendees felt safe and confident partaking in sessions after periods of isolation. The flexibility and commitment of our staff team, and makers enabled us to meet the needs of our beneficiaries.
We utilise our team's extensive experience in community arts, to programme activities that meet people where they are - and in doing so provide the opportunity to work with highly skilled makers to those all ages and backgrounds, addressing their needs and aspirations and addressing societal issues.
In our experience, lack of purpose, meaningful activities and prospects can cause significant damage to the wellbeing of young people and in Leigh Park we see this resulting in poor health, early pregnancy, and unhealthy relationships. Our work has demonstrated the positive impact enhanced creative development can have on the lives of young people in the area and thus reinstating opportunities for young people to engage with craft was a priority.
Reach Out , a project for young people with additional educational needs, funded through Short Breaks with Hampshire County Council, continues to be a mainstay of our work. Approaching its tenth year, the programme has now developed to include digital arts, and staff and assistants continue to witness the transformational impact of long-term projects that enable attendees to revisit and practice their skills. This year one of the initial attendees returned as session tutor - his progression from attendee, to volunteer, to tutor reflects the progression possible within our work.
Young Designers provided opportunities for young people to experiment with papercraft, bookmaking and fused glass. For us, it provided a place to discuss the challenges young creatives face and to better understand the support, and opportunities they need going forward.
We have worked to reach those most vulnerable in our community with projects such workshops for unaccompanied young Asylum Seekers in partnership with Portsmouth City Council, and A Woman’s Space, redesigned and delivered remotely offering activity for International Woman’s Day and the Easter Holidays. We sought to develop commissioned outreach to meet the needs of makers and the people of Leigh Park. New partnerships include the Open Sight group of visually impaired individuals, Chaos Support - who support individuals with a learning disability and MOTIV8 a youth organisation active within Leigh Park. Space to Make - a free session for people to use the craft facilities at Making Space or bring in their own craft to work in the space and use free materials and tools was reinstated. Sessions have proved a springboard to deeper engagement with our work. An award for community projects from HIWCF (Moneybarn) made this possible.
Skills Development
The new look programme of adult workshops for our autumn term provided the most exciting and diverse programme we have offered for a number of years. A total of 11 different classes or courses were available, covering 6 different disciplines which utilise our facilities and employing 9 different tutors.
The programme included weekend courses as an additional offering for those in full time work and education or traveling from further afield. Three 10-week daytime courses which have been consistently successful continued.
We continue to explore the potential for weekend and day courses as a source of income, and to diversify attendee groups. We began monitoring feedback in more detail, asking questions and reflecting on the importance of these sessions for us as an organisation. This learning has led us to increase diversity, and flexibility in the programme for the coming season.
Maker Progression
A successful application to round two of the Arts Council’s Culture Recovery Fund, enabled us to explore pilot a maker progression initiative for those considering launching a career in craft. Engaging a diverse
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MAKING SPACE FOR CRAFTS LTD 2021-22
group of 20 participants, enrolled from all over the country, with vastly different disciplines and at different stages of development. This project exceeded our expectations, demonstrating a real need and will inform future programming for emerging and early career makers.
The Making Space team continues to support the resident makers, and associates in seeking project planning, funding applications, business development, marketing strategy and networking. Successes for our makers have been commercial, with new commissions and stockists and creative with many exhibiting for the first time, or in new galleries. It is a testament to their commitment and craftsmanship that businesses have sustained during such a trying time and encouraging to see that our maker network have provided one another with support, through resource and network sharing during this year.
This report was approved by the Council of Management on 20 October 2022 and signed on their behalf by:
Richard Walker (Vice Chair)
20 October 2022
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MAKING SPACE FOR CRAFTS LTD 2021-22
ACKNOWLEDGEMENTS AND THANKS
The charity is dependent on the generosity and support of numerous individuals and organisations, without which the day to day running of Making Space for Crafts would not be possible. The Council of Management wish to acknowledge and thank the following for their support over the year:
Active Communities Network Arts Council England Artswork Hampshire & IOW Community Foundation Hampshire County Council Havant & East Hants MIND Havant Borough Council Garfield Weston Foundation Little Lives UK Trusthouse Charitable Foundation Individual donors Portsdown Arts Society Tesco Bags for Life The Richmond Fellowship Primary Schools (Barncroft, Front Lawn, Warren Park, Riders, Trosnant, Sharps Copse) Leigh Park Food Bank The Rowans Living Well Centre The You Trust Glenwood School Enable Ability Women’s Aid Brendon Care Home Home Instead Havant The Roberts Centre Motiv8 MHA Communities Portsmouth Abuse and Rape Crisis Service Positive Pathways Bedhampton Community Centre Two Saints The Right to Work Lawworks
Our tenants in 2021-22: Agata Wojcieszkiewicz Francis Campbell Cabrini Roy Clarke Reynolds Richard Walker Kathryn Green Julian Butler
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MAKING SPACE FOR CRAFTS LTD 2021-22
Examination Statement
Independent Examiner's Report to the trustees of the Making Space for Crafts Ltd Registered Office and Principal Address 2 Bishopstoke Road Leigh Park Havant Hampshire PO9 5BN
I report on the accounts of the Company for the period from 1 April 2021 to 31 March 2022 which are set out in pages 6 to 13.
Respective responsibilities of the Council of Management of Making Space for Crafts Ltd and Independent Examiner
The Council of Management (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Council consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified Practicing Accountant of the Association of Accounting Technicians.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matters have come to my attention
-
which give me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 386 of the Companies Act 2006 or
-
to prepare accounts which accord with these accounting records, comply with the accounting requirements of the Companies Act 2006;
-
which are consistent with the methods and principles of the statement of Recommended Practice: Accounting and Reporting by Charities;
-
have not been met: or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tim Light FMAAT Licence Number 8057 Lightatouch 7 Hodder Close, Chandlers Ford, Hants SO53 4QD
30 September 2022
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MAKING SPACE FOR CRAFTS LTD 2021-22
Statement of Financial Activities
(Including summary income and expenditure account) for the year ended 31 March 2022
| Unrestricted | Unrestricted | Restricted | Total | Total |
||
|---|---|---|---|---|---|---|
| Notes | General Funds |
Project Funds |
Funds | 2022 | 2021 |
|
| £ | £ | £ | £ | £ |
||
| Incoming Resources | ||||||
| From Generated Funds: | ||||||
| Voluntary Income | ||||||
| Donations, gifts & legacies | 2 | 315 | - | - | 315 | 539 |
| Donated use of premises | 2 | 28,000 | - | - | 28,000 | 28,000 |
| Grants | 3 | 96,007 | - | 14,426 | 110,433 | 102,184 |
| Activities for Generating | ||||||
| Funds | ||||||
| Investment Income | ||||||
| Interest Receivable | 4 | 4 | - | - | 4 | 3 |
| From Charitable Activities: | ||||||
| Participation fees, studio rental & outreach |
5 | 30,134 | 3,342 | - | 33,476 | 15,166 |
| Other Income | 6 | 3,653 | - | - | 3,653 | 249 |
| Total Incoming Resources |
158,113 | 3,342 | 14,426 | 175,881 | 146,141 | |
| Resources Expended | ||||||
| Costs of Generating Funds | 7 | - | - | - | - | 300 |
| Charitable Activities | 8 | |||||
| Expenditure – Classes & Projects |
14,227 | 1,808 | 6,655 | 22,690 | 18,113 | |
| Donated use of premises | 28,000 | - | - | 28,000 | 28,000 | |
| Core Support Costs | 111,622 | - | 5,395 | 117,017 | 73,031 | |
| Governance Costs | 9 | 5,698 | - | - | 5,698 | 4,211 |
| Total Resources Expended |
159,547 | 1,808 | 12,050 | 173,405 | 123,655 | |
| Net Incoming or (Outgoing) | ||||||
| Resources and Net Movement in Funds for the |
(1,434) | 1,534 | 2,376 | 2,476 | 22,486 | |
| year | ||||||
| Transfers between funds | 2,591 | (2,591) | - | - | - | |
| Fund balances brought forward from prior year |
50,729 | 1,422 | 6,384 | 58,535 | 36,049 | |
| Fund balances carried forward to year ahead |
51,886 | 365 | 8,760 | 61,011 | 58,535 |
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MAKING SPACE FOR CRAFTS LTD 2021-22
Balance Sheet as at 31 March 2022
Company Limited by Guarantee No: 8268201
| Notes 2022 2021 £ £ |
||
|---|---|---|
| Fixed assets | ||
| Tangible assets (net book value) 11 2,867 4,073 |
||
| _ _ |
||
| 2,867 4,073 |
||
| Current assets |
||
| Debtors 12 7,002 3,742 |
||
| Cash at bank and in hand 67,309 58,147 |
||
| _ _ 74,311 61,889 Current Liabilities Amounts falling due within one year 13 (16,167) (7,427) _ _ Net current assets 61,011 58,535 Liabilities Amounts falling due after more than one year - - _ _ Total assets less liabilities 61,011 58,535 |
||
| Net current assets 61,011 58,535 |
||
| Funds: | ||
| Unrestricted funds | ||
| General funds 51,886 50,729 |
||
| Designated funds - - |
||
| Project funds 365 1,422 |
||
| _ _ |
||
| 14 52,251 52,151 |
||
| Restricted funds 14 8,760 6,384 |
||
| Total funds 16 61,011 58,535 |
||
Richard Walker (Vice Chair) 20 October 2022
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MAKING SPACE FOR CRAFTS LTD 2021-22
Notes forming part of the financial statements for the year ended 31 March 2022
1. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” published in 2015, the Financial Reporting Standard for Smaller Entities, and applicable accounting standards. The comparative amounts shown are for the year ended 31 March 2021.
(b) Company status
The charity is a company limited by guarantee. The members of the company are the Council of Management named on page 2. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
(c) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Council of
Management in furtherance of the general objectives of the charity, and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Council of Management for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. No funds are currently designated.
Unrestricted project funds comprise income generated from specific projects which support those projects and any surplus at the end of the project is transferred to general funds.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
(d) Income
All income is included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers. The value of donated facilities and services has been estimated from the relevant fees that would be charged for their use.
(e) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Core support and governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
(f) Tangible fixed assets and depreciation
Tangible fixed assets costing more than £1,000 are capitalised and included at cost (previously £500), including any incidental expenses of acquisition. Depreciation is provided on all tangible fixed assets at rates calculated on a reducing balance charged at 15% per year with small residual balances written off when appropriate. New fixed assets from 2020-21 onwards are depreciated on a straight line basis at 20% per year.
(g) Operating leases
A notional charge to rental applicable to the operating lease is charged to the SOFA and the value shown as a donated facility in income
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| 2022 | 2022 | 2022 |
2022 | 2021 | |
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted |
TOTAL | TOTAL | |
| Project Fund | |||||
| £ | £ | £ |
£ | £ | |
| 2. Donations, gifts and legacies | |||||
| Individual | 315 | - | - |
315 | 539 |
| Donated use of premises | 28,000 | - | - |
28,000 | 28,000 |
| _ | _ | _ |
_ | _ | |
| 28,315 | - | - |
28,315 | 28,539 | |
| 3. Grants: | |||||
| Hampshire County Council | - | - | 6,075 |
6,075 | 4,799 |
| Havant Borough Council | 5,376 | - | - |
5,376 | 5,973 |
| Havant Borough Council (COVID Funding) |
14,167 | - | - |
14,167 | 20,193 |
| HMRC JRS Grant | 101 | - | - |
101 | 7,987 |
| Arts Council England | 28,000 | - | - |
28,000 | 26,382 |
| Garfield Weston Foundation | 15,000 |
- | - |
15,000 | 15,000 |
| Trusthouse Charitable Foundation |
20,000 | - | - |
20,000 | 20,000 |
| Kickstart Apprentices | 13,363 | - | - |
13,363 | - |
| Hants IOW Community Foundation |
- | - | 6,427 |
6,427 | - |
| Little Lives UK | - | - | 1,424 |
1,424 | |
| Portsdown Arts Society | - | - | 500 |
500 | - |
| Hayling Lions Club | - | - | - |
- | 200 |
| You Trust | - | - | - |
- | 120 |
| IBM | - | - | - |
- | 600 |
| Tesco Bags for Life | - | - | - |
- | 500 |
| Artswork | - | - | - |
- | 200 |
| Active Communities Network |
- | - | - |
- | 230 |
| _ | _ | _ |
_ | _ | |
| 96,007 | - | 14,426 |
110,433 | 102,184 | |
| 4. Investment Income | _ | _ | _ |
_ | _ |
| Interest received | 4 | - | - | 4 | 3 |
| 5. Charitable activities | |||||
| Class participation income | 11,930 | - | - |
11,930 | 1,729 |
| Studio rental | 18,204 | - | - |
18,204 | 12,415 |
| Commissioned Outreach | - | 2,040 | 2,040 | ||
| Project outreach income | - | 1,302 | - |
1,302 | 1,022 |
| _ | _ | _ |
_ | _ | |
| 30,134 | 3,342 | - |
33,476 | 15,166 | |
| 6. Other Income | |||||
| Room & equipment hire | 3,388 | - | - |
3,388 | 146 |
| Consultancy | 15 | - | - |
15 | - |
| Sales of work | 4 | - | - |
4 | - |
| Sundry Income | 246 | - | - |
246 | 103 |
| _ | _ | _ |
_ | _ | |
| 3,653 | - | - |
3,653 | 249 | |
| TOTAL INCOMING RESOURCES | 158,113 | 3,342 | 14,426 |
175,881 | 146,141 |
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| 2022 | 2022 | 2022 |
2022 | 2021 | |
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted |
TOTAL | TOTAL | |
| Project Fund | |||||
| £ | £ | £ |
£ | £ | |
| 7. Fundraising Costs | |||||
| Consultant Fees | - | - | - |
- | 300 |
| _ | _ | _ |
_ | _ | |
| Total Fundraising Costs | - | - | - |
- | 300 |
| 8. Charitable Activities | |||||
| Direct Activity Costs | |||||
| Participatory classes | 8,568 | - | - |
8,568 | 1,759 |
| Commissioned outreach | - | 1,235 | - |
1,235 | |
| Consulting costs | 4 | - | - |
4 | |
| Project costs | - | 253 | 6,126 |
6,378 | 16,230 |
| Stock project materials | (539) | 320 | 219 |
- | - |
| Marketing & open studios | 6,195 | - | 310 |
6,505 | 124 |
| _ | _ | _ |
_ | _ | |
| Total Direct Activity Costs | 14,227 | 1,808 | 6,655 |
22,690 | 18,113 |
| Core Support Costs | |||||
| Salaries | 74,826 | - | 1,120 |
75,946 | 50,574 |
| Employers National Ins | 739 | - | - |
739 | - |
| Employers pension costs | 2,124 | - | - |
2,124 | 1,477 |
| Statutory Maternity Pay Reclaimed |
(3,394) | - | (3,394) | (2,663) | |
| Freelance consultants | 8,530 | - | - |
8,530 | 5,556 |
| Other staff & volunteer costs |
1,021 | - | - |
1,021 | 490 |
| Premises costs incl. utilities | 15,000 | - | - |
9,398 | 9,398 |
| Equipment servicing & purchased |
5,647 | - | - |
5,647 | 383 |
| Office & IT costs | 8,624 | - | - |
8,624 | 2,884 |
| Insurance & legal costs | 1,574 | - | - |
1,574 | 4,025 |
| Contribution to core costs | |||||
| from projects (management | (4,275) | - | 4,275 |
- | - |
| & rooms) | |||||
| Depreciation of tangible | 694 | - | - |
694 | 837 |
| assets | |||||
| Disposal of fixed assets | 512 | - | - |
512 | 70 |
| Donated use of premises | 28,000 | - | - |
28,000 | 28,000 |
| _ | _ | _ |
_ | _ | |
| Total Core Support Costs | 139,622 | - | 5,395 |
145,017 | 101,031 |
| 9. Governance Costs | |||||
| Independent Examination | 525 | - | - |
525 | 400 |
| Bookkeeping & accounts | 4,570 | - | - |
4,570 | 3,250 |
| Bank & card charges | 512 | - | - |
512 | 498 |
| General board expenses | 91 | - | - |
91 | 63 |
| _ | _ | _ |
_ | _ | |
| Total Governance Costs | 5,698 | - | - |
5,698 | 4,211 |
| TOTAL RESOURCES EXPENDED | 159,547 | 1,808 | 12,050 |
173,405 | 123,655 |
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10. Staff Costs
No employees received employee benefits (excluding employer pension costs) of more than £60,000. National Insurance costs are stated after deduction of £4,000 Employers Allowance.
The number of full-time equivalent employees at year end was 2.3 (2021: 2). The average monthly number of employees during the year was 5.2 (2021: 4.8). The charity has also benefitted from the contribution of unpaid general volunteers. The value of this is not recognised in the accounts.
11. Council of Management remuneration
One member of the Council of Management who is a craft professional received a total of £1,291 in fees for freelance professional services (2021 one received £30)
Out of pocket expenses reimbursed to Council of Management: Nil (2021: Nil)
12. Tangible fixed assets
| ble fixed assets | |||
|---|---|---|---|
| Fixtures, fittings & equipment |
Computer & IT Equipment |
Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2021 | 18,875 | 2,000 | 20,875 |
| Additions | - | - | - |
| Disposals | (2,614) | - | (2,614) |
| _ | _ | _ | |
| At 31 March 2022 | 16,261 | 2,000 | 18,261 |
| Depreciation | |||
| At 1 April 2021 | 16,402 | 400 | 16,802 |
| Charge for period | 294 | 400 | 694 |
| Disposals | (2,102) | - | (2,102) |
| _ | _ | _ | |
| At 31 March 2022 | 14,594 | 800 | 15,394 |
| Net book value | |||
| At 31 March 2022 | 1,667 | 1,200 | 2,867 |
| At 31 March 2020 | 2,473 | 1,600 | 4,073 |
Capital expenditure contracted for, but not provided in the financial statements, was £ nil.
| 13. | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Trade debtors | 677 | 484 | |
| Other debtors | 3,714 | 168 | |
| Prepayments & other accrued income | 2,611 | 3,090 | |
| _ | _ | ||
| Total | 7,002 | 3,742 |
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14. Current liabilities: amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 1,984 | 629 |
| Accruals | 7,710 | 715 |
| Deferred Income grants & fees | 2,198 | 220 |
| Class income credit from cancellations | 1,621 | 3,493 |
| Other creditors | 2,654 | 2,370 |
| _ | _ | |
| Total | 16,167 | 7,427 |
| 15. Statement of funds |
| Unrestricted funds: | 1 April 2021 |
Income | Expenditure | Transfers | 31 March 2022 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| General funds | 50,729 | 130,113 | (137,472) | 8,516 | 51,886 | |
| Transfers | Transfers | |||||
| Unrestricted project funds: |
1 April 2021 |
Income | Expenditure | to unrestricte |
between projects |
31 March 2022 |
| d income | ||||||
| £ | £ | £ | £ | £ | £ | |
| Commissioned Outreach |
- | 2,040 | (1,235) | (805) | - | - |
| A Woman's Space | 562 | 270 | - | (832) | - | - |
| Reach Out 2 | 484 | - | (320) | (164) | - | - |
| Youth Forum | 203 | - | - | - | - | 203 |
| Textile Transformations |
125 | 168 | - | (293) | - | - |
| Reach Out 2.5 | 48 | - | - | (48) | - | - |
| Reach Out 3 | - | 864 | (253) | (449) | - | 162 |
| _ | _ | _ | _ | _ | _ | |
| Total unrestricted project funds |
1,422 | 3,342 | (1,808) | (2,592) | - | 365 |
| Restricted funds: | 1 April 2021 |
Income | Expenditure | Core Support Costs |
Transfers between projects |
31 March 2022 |
| £ | £ | £ | £ | £ | £ | |
| A Woman's Space | 2,870 | - | (886) | (1,984) | - | - |
| Youth Forum | 1,034 | - | (125) | - | - | 909 |
| Textile Transformations |
980 | - | (600) | (380) | - | - |
| Reach Out 2.5 | 1,500 | - | (877) | (623) | - | - |
| Reach Out 3 | - | 6,075 | (3,363) | (2,712) | - | - |
| Great Big Green Week |
- | 500 | (275) | (225) | - | - |
| Money Barn | - | 6,427 | - | - | - | 6,427 |
| Little Lives | - | 1,424 | 1,424 | |||
| _ | _ | _ | _ | _ | _ | |
| Total restricted funds |
6,384 | 14,426 | (6,126) | (5,924) | - | 8,760 |
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MAKING SPACE FOR CRAFTS LTD 2021-22
| 1 | April 2021 | Income | Expenditure | 31 March 2022 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| TOTAL FUNDS | 58,535 | 147,881 | (145,405) | 61,011 |
The General reserve represents the free funds of the charity which are not designated for particular purposes. Unrestricted project funds are income generated from specific projects which support those projects and any surplus at the end of the project transferred to general funds.
The Restricted funds support specific projects (Note 16) and associated core costs. Charges for core support costs can be made to projects for management, use of rooms and use of materials from those held in stock.
16. Description of Projects
A Woman's Space - A project for women by women focussing on learning new skills, female empowerment and body positivity funded by HIWCF. Extended due to Covid-19.
Youth Forum - A project funded by The Portsdown Arts Society consisting of creative masterclasses, forum sessions, inspirational visits and Arts Award for 15-19 year olds. Extended due to Covid-19.
Textile Transformations - A joint project with Planet Aware focussing on minimising textile waste, creative sessions and events which teach techniques and share ideas.
Reach Out 2.5 – An extension to Reach Out 2 to include activities during Easter holidays providing high quality creative workshops for children and young people with additional needs.
Reach Out 3 – A further Short Breaks funded programme providing high quality creative workshops for children and young people with additional needs.
Great Big Green Week – Environmentally themed sculpture workshops in partnership with Artscape at Trosnant School.
Money Barn – Support for duty management to enable public events.
Little Lives – A summer programme of activities designed for families. Short creative sessions where families could work together on a creative outcome.
Commissioned Outreach – Engagement work for fees undertaken for Motiv8 and Leigh Park Community Centre
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17. Analysis of group net assets between funds
| Fund balances at 31 March 2022 are |
General funds |
Unrestricted Project funds |
Restricted funds |
Total funds | 2021 |
|---|---|---|---|---|---|
| represented by: | |||||
| £ | £ | £ | £ | £ | |
| Tangible fixed assets | 2,867 |
- |
- |
2,867 |
4,073 |
| Current assets | 64,825 | 581 | 8,905 | 74,311 | 61,889 |
| Current liabilities | (15,806) | (216) | (145) | (16,167) | (7,427) |
| _ | _ | _ | _ | _ | |
| Total net assets |
51,886 | 365 | 8,760 | 61,011 | 58,535 |
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