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← Wotton Arts Project

2025-03-31-accounts

v

under

Wotton Arts Project

(A company limited by guarantee) Operating as Under the Edge Arts

Report and Unaudited Financial Statements Year ending 31 March 2025

Charity number: 1112129 Company number: 05468311

Wotton Arts Project

Contents

Reference and Administratve Details 2
Our Purposes and Actvites 3
Chair’s Report 4
Volunteers 5
Main Achievements for the Year and Future Plans 7
Structure and Governance (including Financial Review) 9
Statement of Trustees’ Responsibilites 10
Independent Examiner’s Report 12
Statement of Financial Actvites (including Income & Expenditure account) 13
Balance Sheet 14
Notes to Financial Statements 15

PAGE 1

Wotton Arts Project

REFERENCE AND ADMINISTRATIVE DETAILS

Status

Wotton Arts Project is a company limited by guarantee (registration number 05468311) and is granted charitable status by the Charity Commission under number 1112129. Wotton Arts Project is governed by its memorandum and articles dated 1 June 2005.

It is also known as Under the Edge Arts.

Trustees

The directors of the charitable company (“the charity”) are its trustees for the purposes of the charity law and throughout this report are collectively referred to as the trustees.

The Trustees who served during the year and since the year end were as follows:

Simon Wilde (Chair) (resigned 27 August 2025)) Norman Dadd Jacky Tolfree (resigned 23 July 2025) Becki Britton-Griffiths (Chair) Mark Lovell (appointed 26 June 2025) Nik Howden (appointed 26 June 2025) Sergio Zedda (appointed 26 June 2025)

Venue for activities

The Chipping Hall, The Chipping, Wotton-under-Edge, Gloucestershire, GL12 7AD

Registered Office

14 Cotswold Gardens, Wotton-Under-Edge, Gloucestershire, GL12 7HW

Independent Examiner

Jo Roberts, Willow Accountancy Ltd

Tortworth Lodge, Tortworth, Wotton-under-edge Glos, GL12 8HG

Bankers

Lloyds, 12 Rowcroft, Stroud, Gloucestershire, GL5 3BD

PAGE 2

Wotton Arts Project

Our purposes and activities

Objects of the Charity

To promote the benefit of the inhabitants of Wotton-under-Edge and the surrounding area without distinction of sex, sexual orientation, race, disability or of political, religious or other opinions, by associating together the said people and the local authorities, voluntary and other organisations in a common effort to advance education in the arts, to promote the arts and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said people.

Summary of Main Objectives

We have established some principles that explain our approach to developing the project and guide us as we make decisions about how to move forward and grow:

We want to create a project that is self-governing, independent and sustainable with a strong forward programme of arts activities.

In carrying out these activities, the Wotton Arts Project Trustees have had regard to the guidance issued by the Charity Commission on public benefit, including the guidance on public benefit and fee charging.

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Wotton Arts Project

Wotton Arts Project: Report of the trustees for the year ending 31 March 2025

The Trustees present their report and the financial statements of the charity for the year ended 31 March 2025, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities.

Chair’s report

Simon took over as Chairman in September 2024. Rich Hale continued his work with the bar but stepped down as a trustee. The board of trustees continued to manage with small numbers for most of the year but with the help of the consultants and several very active co-opted members.

2024 has not been without its challenges. Many Arts and voluntary organisations have found the current environment challenging with rising costs and declining audiences. Recognising these factors UTEA undertook a thorough review of Finances and activities to ensure that it is robust enough to continue past what will be its 20[th] year of activities. Thanks must go the Board and consultants as well as committed supporters for embracing this process. Particular thanks must go to Mark Lovell for his work in improving our financial reporting and analysis.

We have been fortunate in receiving grants and donations from a number of groups including Wotton Lions, Stroud’s SpaceHive project Wotton Town Council and The National Lottery. We are grateful for their support. We have now installed a donation station to allow supporter and event attendees to donate to continue to support out work. Thanks to Sarah Conroy for her work in the background on this and our website.

It is worth restating our aims from last year and reflect on our progress

We continue to develop our importance as a cultural hub for Wotton particularly supporting the creative arts. Debs Brooks has been pivotal in both promoting this activity and identifying funding and growth opportunities. This in turn attracts a new and broader range of customers who we hope will take full advantage of the activities we run. We continue to be as inclusive and diverse as we can hosting this year’s Pride event, an increasing number of wellbeing activities and encouraging more young people to use the Centre. Our core group of volunteers remain committed although we are

PAGE 4

Wotton Arts Project

always looking for new candidates to help out. Thanks again for Caitlin for organisation – including the development of a comprehensive volunteer handbook.

Yet again we have offered a huge range of activities revisiting some old favourites, developing new and continuing to support our popular music jam nights. Thanks as ever to Ali for her programming work.

The year ahead presents many challenges for us. The Town Trust needs to invest in the Chipping Hall, a project which is ongoing, and we are in the process of looking at the renewal of the lease for when it expires in 2026. To this end we have brought several new Board members in to provide fresh impetus and expertise to enable us to continue for the next phase of our journey.

Thanks once more to the local organisations that support us including The Cotswold Book Room who have sold tickets for us, the Blues Festival ,Wotton Pride and Wotton CAN and the Town Council and Town trust.

As ever thanks to all our Board Members for giving up their time to keep UTEA going as the wonderful organisation it is. Whilst our numbers have been low it has been hard work but the enthusiasm and commitment of the Board and co-opted members has been inspiring. Sam Carlton, our administration consultant continues to provide invaluable help and support.

Finally I cannot report without mentioning the sad death of Rob Collins. Rob was one of the founding members and a driving force behind UTEA from its inception. His weekly art classes have a loyal and enthusiastic following and his development of the Fred Talks was inspired. He was an active choir member and a keen supported of the creative arts in the town and surrounding area. He will be much missed.

I shall end with last year’s closing statement as it is still relevant and worth restating.

UTEA is a special place. It is a beacon and a key part of the creative and economic life of the Wotton area. Our continuing presence and activities and our partnerships are more essential than ever and we will continue to work hard to ensure that UTEA remains a vital part of Wotton and the surrounding area.

Simon Wilde

Chairman, Under the Edge Arts

Volunteers and Community

Our volunteers remain the heart of everything we do and are integral to running our programme of activities and events. We are lucky to have a core group of regular volunteers.

Volunteer Coffee mornings, to recruit new volunteers and catch up with the existing team, have been increased to four times a year but reduced to one-hour sessions. An additional sign-up evening is now being held around the same time. Volunteers can still sign up via email or now via two new options: phone WhatsApp group and online JotForm listings.

PAGE 5

Wotton Arts Project

Monthly posts scheduled to the UTEA Facebook page and shared to the local notice boards, highlighting the various roles available, have resulted in new volunteers joining the team.

We now have just over 200 people on the mailing list with 59 different volunteers covering events over the last year. The majority of our events require 1-3 volunteers.

With a range of daytime and evening volunteering opportunities we have something for everyone from coordinating music events to running the bar, baking cakes or helping with craft sessions.

Event details are sent out via the Google Calendar System, allowing visibility for all committee members. General Hall Notes and a Tick Lists for Coordinators is also attached.

Further information can be found in the Volunteer Handbook which has been updated and expanded. A hard copy is kept under the bar and an electronic version will be added to the website shortly.

UTEA caters well to the modern volunteer looking for less formal, low commitment, ad-hoc, short sessions. A monthly volunteer newsletter, post events thank you emails and an event voucher incentive have been introduced to engage volunteers, making them feel valued and encouraging repeat volunteering.

UTEA also continues to be popular with DofE students from KLB. Two students continue to volunteer at the Why Not Workshops and another student volunteers with PA/Sound Engineering.

Caitlin Main - Volunteer Coordinator

PAGE 6

Wotton Arts Project

Main Achievements for the Year and Future Plans

Regular classes and workshops

Events

Live performances: we put on around 25 live music events each year, covering a wide range of styles and including local bands as well as more established artists and groups. This year these have included classical guitar, folk, indie, Americana, burlesque, reggae and hip hop. Tribute acts continue to be popular.

Other ‘live’ events included outdoor and indoor theatre, a silent disco, magic and puppet shows, drag bingo, and a spoken words evening where local writers performed short pieces of their work.

Exhibitions: we were delighted to again host the annual art exhibition to carry on the tradition established by Wotton Arts Festival. This featured work by over 50 local artists in a wide range of media. As part of our commitment to promote the work of local artists and craftspeople we also hosted a joint exhibition of painting and sculpture by two local artists, and a solo show of work by a local art graduate who had previously learnt to draw at the Life Drawing sessions run by Spike Woods in our own Chipping Hall.

Workshops: these included fabric design, decoupage, painting mugs, and Christmas wreath-making. We also hosted workshops for the annual Wotton Window Wanderland, to help and inspire the local community to decorate their windows again.

One of our most successful projects was the series of Why Not? Workshops, originally launched between periods of lockdown and since expanded and developed. These started as monthly low-cost workshops held on Sunday mornings, to make art more accessible to the community – offering a chance to try a new craft in a friendly no-pressure environment, with coffee and cake. Last year they were developed to include evening workshops where the UTEA bar is open. Crafts in this year’s programme have included lino printing, needlefelt decorations, rag rugging, and oil and chalk pastels.

Free events: It is important to us that we can continue to offer events that are free-to-attend, such as exhibitions and our monthly Jazz and Blues Jams and Vinyl Nights. Last year’s additions of monthly Board Games Nights and regular Electronic Open Mic Nights continue to be a popular part of the programme.

Community: in addition to our objectives to provide an arts venue for the local people, we are keen to work with local groups and organisations. We continue to host meetings for the Climate Action Network group, plus an annual Carol Singing fundraiser, Craft Fair, and regular ‘Sip & Sketch’ art sessions. We were please to support the annual Wotton Blues Fest by hosting gigs, and a launch event for a town Summer Social. We also provide a venue for town council/community meetings.

PAGE 7

Wotton Arts Project

Website

With the aid of volunteer Sarah Conroy, we are constantly reviewing the website to make it as informative and user-friendly as possible, where people can easily find events and purchase tickets. The majority of ticket sales for our events are now made via the website, although we are also very grateful to Cotswold Bookroom who continue to act as a ticket office for us in the High Street: this is invaluable for those people who cannot or prefer not to buy online.

Lack of funding and increased running costs mean we have to find other sources of income, so we are now set up to accept donations on the website. Sarah has also set up a Donation Station so that people can easily make card donations when in the Hall.

Regular email newsletters to subscribers will form an increasing part of our promotional activities, and we are working on ways of streamlining this through automations and links with social media.

Future plans

To make the Chipping Hall a community hub for the arts and make it more accessible.

To continue to offer a wide range of arts activities and events, including free-to-attend.

To continue to develop the Why Not workshops - increase the range of crafts offered, offer outreach workshops at local venues, and offer open sessions where people can book to use the equipment.

To continue to develop other accessible community projects, such as the drop-in Creative Café and Stitch Café.

PAGE 8

Wotton Arts Project

Structure, Governance and Management

The project is run and managed by a group of volunteers who are appointed as Directors of the project and its Trustees. The Directors meet bi-monthly as the management board. The main aims of the board are to:

Our activities are supported by three individuals who provide consultancy services to the project. They provide support for the governance and administration of the project, fundraising work, volunteer coordination and the development of the programme. They deal with some aspects o,f the day-to-day running of the project, with decisions being approved by the directors.

Trustees are elected by members annually at the Annual General Meeting. A vacancy may be filled or an additional Trustee appointed by co-option. Membership of the project is open to people who pay an annual subscription to join our membership scheme.

The Directors

The Board of Directors, who are Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 2.

Risk review

The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the organisation. Insurance will mitigate some of the risks; maintaining unrestricted reserves and the development and implementation of policies and procedures should mitigate others. These policies and procedures will be reviewed on a regular basis to ensure their effectiveness.

FINANCIAL REVIEW

There is a considerable turnaround from yr end 31/3/24 in terms of overall surplus. This is related to a number of factors:

These factors, plus a generous unrestricted grant from Wotton Town Council mean that for year ending 31[st] March 2025 UTEA are showing:

PAGE 9

Wotton Arts Project

tangible fixed assets (“the free reserves”). Trustees recognise that managing reserves is a tricky balancing act. Too much in reserves and Trustees could be accused of hoarding, too little and should a worst-case scenario occur, then Trustees would be unable to meet obligations to creditors. At the balance sheet date, free reserves were £51,501 and these have been allocated in 2025/26 follows:

Statement of trustees' responsibilities

The trustees (who are also directors of Wotton Arts Project for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company [and the group] and of the income and expenditure, of the charitable [company/group] for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company [and the group] and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

PAGE 10

Wotton Arts Project

Approved by the trustees and signed on their behalf by:

............................................................. Becki Britton-Griffiths (Chair) Date Date ................................................... 2025 iscc ccd

PAGE 11

Wotton Arts Project

Independent Examiner's Report to the trustees of Wotton Arts Project

I report to the charity trustees on my examination of the financial statements of Wotton Arts Project for the year ended 31 March 2025.

Responsibilities 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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 financial statements to be reached.

Jo Roberts

signed on 02/12/2025, 16:04:17 GMT

Jo Roberts ACMA Willow Accountancy Willow Accountancy Ltd Tortworth Lodge Tortworth Wotton under Edge GL12 8HG 03 December 2025

PAGE 12

Wotton Arts Project

Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income/(expenditure)
9
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
9,992
65,022
234		 Restricted
funds
2025
£
26,285
-
-		 Total funds
2025
£
36,277
65,022
234		 Total funds
2024
£
2,931
58,683
221
75,248
3,939
48,138
22,586		 26,285
-
5,890
100		 101,533
3,939
54,028
22,686		 61,835
7,084
55,761
25,658
74,663
-		 5,990
-		 80,653
-		 88,503
-
585
1,061		 20,295
(1,061)		 20,880
-		 (26,668)
-
1,646 19,234 20,880 (26,668)
1,646
54,852		 19,234
3,564		 20,880
58,416		 (26,668)
85,084
56,498 22,798 79,296 58,416

Page 13

Wotton Arts Project Balance Sheet

at 31 March 2025

Company No.
05468311		 Notes 2025 2024
£ £
Fixed assets
Tangible assets 11 16,214 17,738
16,214 17,738
Current assets
Stocks 12 1,083 1,615
Debtors 13 3,387 6,479
Cash at bank and in hand 66,132 36,962
70,602 45,056
Creditors:Amount falling due within one year 14 (7,520) (4,378)
Net current assets 63,082 40,678
Total assets less current liabilities 79,296 58,416
Net assets excluding pension asset or liability 79,296 58,416
Total net assets 79,296 58,416
The funds of the charity
Restricted funds 15
Restricted income funds 22,798 3,564
22,798 3,564
Unrestricted funds 15
General funds 51,501 54,852
Designated funds 4,997 -
56,498 54,852
Reserves 15
Total funds 79,296 58,416

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 03 December 2025

And signed on its behalf by:

R.C. Britton-Griffiths Trustee

03 December 2025

Page 14

Wotton Arts Project Notes to the Accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 15

Wotton Arts Project Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 16

Wotton Arts Project Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3
Income from donatons and legacies
Unrestricted
£
Donations & Fundraising
4,222
Grants
4,500
Membership Fees
1,270
9,992
4
Income from charitable activities
Events
Exhibitions
Hall Hire
5
Income from investments
6
Expenditure on raising funds
Fundraising trading costs
Publicity & Advertising
Market Research		 Restricted
£
3,979
22,306
-
26,285
Unrestricted
£
48,346
3,985
12,691
65,022
Unrestricted
£
234
234
Unrestricted
£
3,939
-
3,939		 Total
2025
£
8,201
26,806
1,270
36,277
Total
2025
£
48,346
3,985
12,691
65,022
Total
2025
£
234
234
Total
2025
£
3,939
-
3,939		 Total
2024
£
1,621
-
1,310
2,931
Total
2024
£
43,046
2,516
13,121
58,683
Total
2024
£
221
221
Total
2024
£
4,584
2,500
7,084

Page 17

Wotton Arts Project

Notes to the Accounts

7 Expenditure on charitable activities

Expenditure on charitable
activities
Events
Exhibitions
Programme Event
Coordination
Governance costs
Administrator
Independent review
8
Other expenditure
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner		 Unrestricted
£
27,318
2,520
9,300
8,400
600
48,138
Unrestricted
£
14,340
3,161
4,383
702
22,586		 Restricted
£
5,890
-
-
-
-
5,890
Restricted
£
100
-
-
-
100
2025
£
3,161
600
173		 Total
2025
£
33,208
2,520
9,300
8,400
600
54,028
Total
2025
£
14,440
3,161
4,383
702
22,686		 Total
2024
£
34,458
1,774
9,919
9,010
600
55,761
Total
2024
£
16,348
3,478
4,723
1,109
25,658
2024
£
3,478
540
185

Other fees paid to independent examiner were to cover accounting support and postage of accounts to Charity Commission.

10 Staff costs

The charity does not employ any staff or operate a payroll.

Page 18

Wotton Arts Project Notes to the Accounts

11 Tangible fixed assets

Cost or revaluation
At 1 April 2024
Additions
At 31 March 2025
Depreciation and
impairment
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
12Stocks
Bar Stock
13Debtors
Trade debtors
Other debtors
Prepayments and accrued income
14Creditors:
amounts falling due within one year
Trade creditors
Other creditors
Accruals
Deferred income		 Land and
buildings
£
21,540
-
21,540
10,113
1,077
11,190
10,350
11,427		 Plant &
Equipment
£
31,415
1,637
33,052
26,782
1,580
28,362
4,690
4,633
2025
£
1,083
1,083
2025
£
30
2,640
717
3,387
2025
£
495
138
4,979
1,908
7,520		 Fixtures &
Fittings
£
10,681
-
10,681
9,003
504
9,507
1,174
1,678		 Total
£
63,636
1,637
65,273
45,898
3,161
49,059
16,214
17,738
2024
£
1,615
1,615
2024
£
128
2,079
4,272
6,479
2024
£
-
138
4,240
-
4,378

Page 19

Wotton Arts Project Notes to the Accounts

15 Movement in funds

Restricted funds:
Restricted income funds:
Wotton Arts Festival
Off We Go
Why Not workshops
Wotton Pride
Equipment Fund
Total
Unrestricted funds:
General funds
Designated funds:
Wellbeing Workshops
Total
Total funds		 At 1 April
2024
2,503
109
952
-
-
3,564
54,852
-
-
58,416		 Incoming
resources
(including
other
gains/losses)
£
-
-
19,987
1,632
4,666
26,285
73,946
1,302
1,302
101,533		 Resources
expended
£
-
-
(3,007)
(1,632)
(1,351)
(5,990)
(73,962)
(701)
(701)
(80,653)		 Gross
transfers
£
-
(109)
(952)
-
-
(1,061)
(3,335)
4,396
4,396
-		 At 31
March
2025
£
2,503
-
16,980
-
3,315
22,798
51,501
4,997
4,997
79,296

Purposes and restrictions in relation to the funds: Restricted funds: Wotton Arts Festival

A long running event held in Wotton under Edge has been adopted by us after the previous committee retired. Funds held by the previous event committee were transferred to aid future operation and development of the event.

A collaboration with Prema Arts (Uley), Create Gloucestershire, Kingshill House (Dursley) and GL11 Dursley, funded by the NHS, to provide free, low-cost accessible workshops

Off We Go

Why Not workshops

Funded by the Arts Council to encourage individuals to participate in artistic activities.

Support provided to local event

Wotton Pride Equipment Fund Designated funds: Wellbeing Workshops

Grant funds for current and future equipment maintenance and repairs

Funds set aside from past projects for creative workshops

Page 20

Wotton Arts Project Notes to the Accounts

Analysis of net assets between funds
Unrestricted
Funds
£

Fixed Assets
16,214
Net current assets
40,284
56,498
17Reconciliation of net debt
As at 1 April
2024
£
Cash and cash equivalents
36,962
36,962
Net debt
36,962
18Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2025
Land and
Buildings
£
2025
Other
£
Operating leases with expiry date:
Within one year
9,000
In the second to fifth years inclusive
9,000
19Related party disclosures
Controlling party		 Restricted
Funds
£
22,798
22,798
Cash
flows
29,170
29,170
29,170
2024
Land and
Buildings
£
9,000
9,000
18,000		 Total
£
16,214
63,082
79,296
At 31
March
2025
£
66,132
66,132
66,132
2024
Other
£

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 21

Wotton Arts Project Notes to theAccounts