| Pages | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' annual report |
(incorporating | the | directors' | report) | 1to 12 | ||
| Independent examiner's |
report to the | trustees | 13 | ||||
| Statement offinancial activities |
(including | income | and expenditure | account) | 14 | ||
| Balance sheet | 15 | ||||||
| Notes to the financial statements | 16to 27 |
| Trustees' annual repo Year ended 31 March |
rt (incorporat 2023 |
ing the d |
irec |
|---|---|---|---|
| Senior management | A Casey | ||
| H Field | |||
| A Winch | |||
| Bank | CAF Bank | ||
| Cambridge | & Counties | Bank | |
| United Trust Bank | |||
| Hampshire | Trust Bank | ||
| Redwood | Bank | ||
| Independentexaminer | L Thurston | FCCA | |
| Lovewell Blake LLP | |||
| Chartered | accountants | ||
| First Floor | Suite | ||
| 2 Hillside | Business Park | ||
| Bury St Edmunds | |||
| IP32 TEA |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | 8 | E | ||||
| Income and endowments | ||||||
| Donations and legacies Charitable activities |
5 | 81,506 6,472 |
354,198 35,071 |
435,704 41,543 |
424,455 15,124 |
|
| Investment income |
6 | 3,739 | 3,739 | 2,074 | ||
| Total income | 91,717 | 389,269 | 480,986 | 441,653 | ||
| Expenditure Charitable activities |
7 | 86,354 | 321,272 | 407,626 | 429,101 | |
| Total expenditure | 86,354 | 321,272 | 407,626 | 429,101 | ||
| Net income and net movement | in funds | 5,363 | 67,997 | 73,360 | 12,552 | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
113,712 | 229,999 | 343,711 | 331,159 | ||
| Total funds carried forward | 119,075 | 297,996 | 417,071 | 343,711 |
| Company Limit Balance sheet 31 INarch 2023 |
ed by Guarantee |
|||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | 8 | 8 | ||||
| Fixed assets | ||||||
| Tangible fixed assets | 1,529 | 276 | ||||
| Current assets | ||||||
| Debtors | 12 | 191,081 | 114,127 | |||
| Cash at bank and in | hand | 272,907 | 328,181 | |||
| 463,988 | 442,308 | |||||
| Creditors: Amounts | falling due within | |||||
| one year | 13 | (48,446) | (98,873) | |||
| Net current assets | 415,542 | 343,435 | ||||
| Total assets less cunent liabilities | 417,071 | 343,711 | ||||
| Net assets | 417,071 | 343,711 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 297,996 | 229,999 | ||||
| Unrestricted funds |
119,075 | 113,712 | ||||
| Total charity funds | 16 | 417,071 | 343,711 |
| Ye | ar ended 31 March 202 | 3 | ||||
|---|---|---|---|---|---|---|
| 5. | Donations and legacies |
|||||
| Year ended 31March 2023 | ||||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds f |
2023 f |
||||
| Grants | ||||||
| Heritage Lottery Fund |
135,213 | 135,213 | ||||
| Suffolk County Council | 61,470 | 34,400 | 95,870 | |||
| National Lottery Community |
Fund | 63,364 | 63,364 | |||
| Youth Music | 42,521 | 42,521 | ||||
| Children in Need |
40,972 | 40,972 | ||||
| Other grants and donations | 14,986 | 20,216 | 35,202 | |||
| Mid Suffolk Distriict Council | 3,550 | 7,756 | 11,306 | |||
| Babergh District Council | 1,500 | 7,756 | 9,256 | |||
| Suffolk Community Foundation |
2,000 | 2,000 | ||||
| 81,506 | 354,198 | 435,704 | ||||
| Year ended 31 March 2022 | ||||||
| Unrestricted | Restricted | Total Funds | ||||
| Fundsf | Funds f |
2022 f |
||||
| Grants | ||||||
| Suffolk County Council | 63,870 | 57,900 | 121,770 | |||
| National Lottery Community |
Fund | 102,875 | 102,875 | |||
| Children in Need |
49,122 | 49,122 | ||||
| Heritage Lottery Fund |
39,560 | 39,560 | ||||
| Suffolk Community Foundation |
31,264 | 31,264 | ||||
| Youth Music | 27,570 | 27,570 | ||||
| Other grants and donations | 12,723 | 13,377 | 26,100 | |||
| Arts Council | 3,859 | 18,285 | 22,144 | |||
| Mid Suffolk District Council | 2,550 | 2,550 | ||||
| Babergh Distriict Council |
1,500 | 1,500 | ||||
| 84,502 | 339,953 | 424,455 | ||||
| 6. | Investment income |
|||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds f |
2023 f |
Funds f |
2022 f |
|||
| Bank interest receivable | 3,739 | 3,739 | 2,074 | 2,074 |
| Expenditure on charita |
ble activiti |
es | ||||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Total funds | Total fund | ||||
| directly F |
Support costs F |
2023 6 |
2022 f |
|||
| Staff costs | 235,391 | 1,517 | 236,908 | 246,488 | ||
| Artist fees and materials | 104,545 | 104,545 | 129,417 | |||
| Transport, catering and venue hire Marketing and public relations Other project costs Office costs |
21,817 222 3,854 |
5,796 12,646 18,760 |
27,613 12,868 3,854 18,760 |
14,646 11,673 2,574 21,429 |
||
| Depreciation Independent examiner's |
fees | 786 1,927 |
786 1,927 |
278 2,375 |
||
| Board and meeting expenses |
365 | 365 | 221 | |||
| 365,829 | 41,797 | 407,626 | 429,101 | |||
| Net income | ||||||
| Net income is stated after charging/(crediting): | ||||||
| 2023 6 |
2022 f |
|||||
| Depreciation oftangible |
fixed assets | 786 | 278 | |||
| Staff costs | ||||||
| The total staff costs and | employee | benefits for the reporting | period are analysed as follows: | |||
| 2023 | 2022 | |||||
| 6 | F | |||||
| Wages and salaries Social security costs Other pension costs Other staffing expenses |
219,826 4,642 10,923 1,517 |
222,086 10,601 11,013 2,788 |
||||
| 236,908 | 246,488 |
| 11. | Tangible fixed a | sset | s | |||
|---|---|---|---|---|---|---|
| Fixtures and | ||||||
| fittings | Equipment | Total | ||||
| E | E | E | ||||
| Cost | ||||||
| At 1 April 2022 | 1,736 | 12,989 | 14,725 | |||
| Additions | 2,039 | 2,039 | ||||
| At 31March 2023 | 1,736 | 15,028 | 16,764 | |||
| Depreciation | ||||||
| At 1 Apriil 2022 | 1,736 | 12,713 | 14,449 | |||
| Charge for the year | 786 | 786 | ||||
| At 31 March 2023 | 1,736 | 13,499 | 15,235 | |||
| Canying amount | ||||||
| At 31March 2023 | 1,529 | 1,529 | ||||
| At 31 March 2022 | 276 | 276 | ||||
| 12. | Debtors | |||||
| 2023 | 2022 | |||||
| E | ||||||
| Trade debtors | 25,715 | 23,040 | ||||
| Prepayments and |
accrued income | 165,366 | 91,087 | |||
| 191,081 | 114,127 | |||||
| 13. | Creditors: Amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| E | F | |||||
| Trade creditors | 6,581 | 10,991 | ||||
| Accruals and deferred | income | 36,919 | 82,178 | |||
| Social security and other taxes | 2,869 | 3,587 | ||||
| Other creditors | 2,077 | 2,117 | ||||
| 48,446 | 98,873 | |||||
| 14. | Deferred income | |||||
| 2023 | 2022 | |||||
| E | E | |||||
| Amount deferred |
in year | 18,395 | 75,995 | |||
| 15. | Defined contribution | plans |
| Analysis ofcharitabl |
e fund |
s | ||||
|---|---|---|---|---|---|---|
| Restricted funds | ||||||
| At 1 April | At 31 March | |||||
| 2022 6 |
Income F |
Expendituref | Transfers 6 |
2023 | ||
| YM Revenue Funding |
39,780 | (8,408) | 31,372 | |||
| Restart | 34 | (34) | ||||
| Clown Round | 13,592 | (13,057) | (535) | |||
| Clown Round Extension | 43,752 | (29,296) | 535 | 14,991 | ||
| Libraries & Museums |
||||||
| Well-Being Programme |
42,183 | 35,000 | (30,552) | 46,631 | ||
| Lowestoft Folk | 463 | 463 | ||||
| Website &Virtual |
5,095 | (4,645) | 450 | |||
| Brave Art | 72,534 | 95,214 | (111,440) | 56,308 | ||
| Special Delivery (Letters | ||||||
| From...) Extra Time HLF |
30,434 | 9,439 125,774 |
(39,873) (65) |
125,709 | ||
| Friends Around the Table |
||||||
| (Realising Ambitions) |
12,134 | (12,134) | ||||
| More Friends Around | the | |||||
| Table | 36,669 | (15,272) | 21,397 | |||
| Little Beats Progression | ||||||
| (Youth Music) | 17,630 | 2,741 | (20,079) | 292 | ||
| Wild About Kirkley | 35,900 | 900 | (36,417) | 383 | ||
| 229,999 | 389,269 | (321,272) | 297,996 | |||
| Unrestricted funds |
||||||
| At 1 April | At 31 March | |||||
| 2022 | Income | Expenditure | Transfers | 2023 | ||
| 6 | F | 6 | 8 | 6 | ||
| General fund |
98,501 | 91,717 | (85,183) | 105,035 | ||
| Designated fund |
15,211 | (1,171) | 14,040 | |||
| 113,712 | 91,717 | (86,354) | 119,075 |
| Analysis of net assets between funds |
||||
|---|---|---|---|---|
| Year ended 31 March 2023 | ||||
| Tangible fixed assets |
Net current assetsf |
Non current liabilitesf |
Totalf | |
| Restricted income funds YM Revenue Funding Clown Round Extension |
31,372 14,991 |
31,372 14,991 |
||
| Libraries & Museums Well-Being Programme Lowestoft Folk (Lowestoft Network) Website &Virtual Brave Art Extra Time HLF More Friends Around the Table Little Beats Progression (Youth Music) Wild About Kirkley |
46,631 463 450 56,308 125,709 21,397 292 383 |
46,631 463 450 56,308 125,709 21,397 292 383 |
||
| Unrestricted income funds Designated funds General funds |
1,529 | 14,040 103,506 |
14,040 105,035 |
|
| 1,529 | 415,542 | 417,071 | ||
| Year ended 31 March 2022 | ||||
| Tangible fixed assetsf |
Net current assets f. |
Non current babibtesf |
Totalf | |
| Restricted income funds Clown Round Brave Art/JumpstART Lowestoft Folk (Lowestoft Network) |
13,592 72,534 463 |
13,592 72,534 463 |
||
| Friends Around the Table (Realising Ambitions) |
12,134 | 12,134 | ||
| Libraries &Museums Well-Being Programme |
42,183 | 42,183 | ||
| Little Beats / Early Years Progression (Youth Music) Website &Virtual Restart Special Delivery (Letters From) Wild About Kirkley (ACE) |
17,630 5,095 34 30,434 35,900 |
17,630 5,095 34 30,434 35,900 |
||
| Unrestdicted income funds Designated funds General funds |
276 | 15,211 98,225 |
15,211 98,501 |
|
| 276 | 343,435 | 343,711 |
| Yea | r ended | 31 March 2023 | 31 March 2023 | 31 March 2023 | |||
|---|---|---|---|---|---|---|---|
| 18. | Operating | lease commitments | |||||
| The total | future | minimum | lease payments | under non-cancellable | operating leases are as | follows: | |
| 2023 f |
2022 f |
||||||
| Not later than 1 |
year | 5,794 | |||||
| Later than | 1 year and not | later than 5years | 5,794 | ||||
| 11,588 |