SALTBURN COMMUNITY AND ARTS ASSOCIATION Acom an limited b Guarantee REGISTERED CHARITY NUMBER: 1113704 COMPANY NUMBER: 5719152 FINANCIAL ACCOUNTS FOR THE PERIOD ENDING 31ST MARCH 2024 DRAYCOTT & KIRK LLP CHARTERED ACCOUNTANTS 92 Westgate Guisborough Cleveland TS14 6AP
SALTBURN COMMUNITY AND ARTS ASSOCIATION CHARITY INFORMATION AS AT 31 MARCH 2024 Addres:5 Saltburn Communlly Centre Albion Terrace Saltburn by the Sea TS12 IJW Bank0r4 to Octobor 2023 Barclays Bank 12 Station Street Saltburn by th8 Sea TS12 1A8 Accountants Draycoll & Klrk LLP Chartered Ao¢ounlants Cl8veland Hous8 92 Vveslgate Gui8borough CLEVELAND TS14 6AP Rog. Charlty No. 1113704 Company number 5719152 Page I
SALTBURN COMMUNITY AND ARTS ASSOCIATION TRUSTEES ANNUAL REPORT FOR THE PERIOD 1ST APRIL 2023 TO 31 MARCH 2024 Names of Charity trustees (who are also directors) who manage the charity PAUL CHAPPELL FIONA HALEY UNA FAITH HAMBLEY TIMOTHY BLAKE MARSHALL JOHN TILLEY PETER JOHN MARTIN RICHARD DREXAL PARKER ALISON MARY SMITH PHILIP GORDON THOMSON KENNETH LESLIE BLADEN KEITH AYLING CHARLOTTE FLORENCE NICOL Governing document: Memorandum of Association of Saltburn Community & Arts Association Articles of Association of Saltburn Community & Arts Association Trustee salaction methods: Election at a General Meeting Co-option by tha Association Boarc Objectlves and activitles To provide facilities in the interest of social welfare for recreation and leisure To promote, maintain, improve and advance education by the encouragement of the arts. To maintain and manage the Community and Arts Centre Summary of the maln actlvltles to further the charlty's purpose for the Public benaflt. The trustees have had regard to CCICCNI guidance on public benefit. Organising events of an educational and artistic nature Making facilities available for User Groups and individuals to promote activities within the community. Maintaining the buildings of the Centre for community use Attracting additional volunteers continues to be sought. SC&AA policies have been reviewed and will conlinue to be refreshed. Page 2a
SALIBURN COMMUNITY AND ARTS ASSOCIATION TRIJSTEES ANNUAL REPORT FOR THE PERIOD 1ST APRIL 2023 TO 31 MARCH 2024 Achievomonts and performance An appeal was commenced and initial response was helpful. Management event costing hGS been prioritised. Flnancial review A Fundamental updating of thi! Centre Business plan was undertaken. The unjustified closure of the l)ank account by Barclays has resulted in considerable demands upon staff and volunteers and resulted in a substantial negative effect on cash flow, The appointment of a new bariker has proven to be less than straightForward, with requirements of main stream banks being oneroLSS and application processes protracted. The absen of a normal banlc accounting system has resulted in strains on normal operating and cash flow, Progressing of Grant Aid reclcimation has been paused. The major appeal launched to support the negative cash position has to be paused. The report has been prepareé in accordance with the Statement of Recommended Practic8: Accounting and reporting by C;harities and in accordance with the special provisions of part 15 of the companies act 2006 relati119 to small companies. The trustees declare they h.1ve approved the trustees, report above. Signed on behalf of the charity's trustees Signature Full Nama Paul Philli Chappell Position Chair Dated Page 2b
Independent Examiner's Report to the Trustees of Saltburn Community and Arts Association I report on the accounts of the company for the year ended 3113124 which are sel out on pages 4 to 6 Respactlva responsibilitles of trustees and examiner The truslees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounls. The trustees consider that an audit is not required for thi,.., year under section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needEd Having satisfied myself Ihat the charity is not subject to audit under company law anc is eligible for independent examination, it is my responsibility to.. examine the accounts undér section 145 of th8 2011 Acl., follow the procEdures laid down in the general Directions givan by the Charity Comrnission under seclion 145(5)(bl of thé 2011 Act., and slale whether particular matters have come to my attention. Basls of Independent examlnarfs report My examination was carried out In accordanca with th8 general Dlreclions given by ifie Charity Commission. An examination includes a review of the accounting r8cords kept by the charity and a comparison of Ihe accounts presented with those records. It also includes consideratlon of any unusual it8ms or Ilisclosur8s in the accounts. and seeking explanations from you as trusteès concerning any such matter5. The pr(Icedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whelhar Ihe accounts present a rue and fair vi8W' and the report is limited to those matters set OL.t in the statement below. Independent oxamlnerfs statement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material resp8Ct, the ri)quirements'. lo keep accounting r8cords in accordance with section 386 of the Comp'.anies Act 2006- and to prepare accounts which accord with the accounting records, ciimply with th8 accounting requirements of section 396 of the Companies Act 2006 and with th8 methods and principles of th8 Statement of Recommended Practicè.. Accounting and Reporting by Chiirit18S hav8 not been mel., or to which, in my opinion, attention should be drawn in order to enable a proper uriderstanding of the accounts to be reached. The Financial Statements have been prepared on a going concern basis. ShoL Id a significant liability arise as oullined in note 9 to the Financial Statements (Contingent Liability) the figui-es would require an amendment which may question the going concem basis. R Kirt( Chartered Accountant DyCOtt & KI LLP Clev81and House 92 Wgstgate Guisborough TS118BP Dale ,< I,,IkY Page 3
SALTBURN COMMUNITY AND ARTS ASSOCIATION Statement of Financial Activities includin Income & Ex or the Year Ended 31 March 2024 enditure Account Note Unrestricted Restricted Funds Funds Totsl Funds Incomin Resources 3110312023 Events Income The81 Hi Grants Donations Hall Hire Meeting room hi Other hire Fundraising Bar sales Beer Festival Sundry income Brochure adverts Membership fees tal Incomln R• 36,463 10,215 36,463 10,215 1,050 459 10.924 2,201 4,301 6,229 31,626 10,370 2.120 2,620 1,546 120,124 25,923 7,649 10,020 1,232 22,300 2,870 81 1,025 27,770 14,222 710 2,045 729 1,050 459 10,924 2.201 4,301 6,229 31,626 10,370 2,120 2,620 1,546 108,704 11.420 116,576 Ex endlture Dlrecl charltabla expendltiire Cost of events Stock write offlbar purchase:5 Beer Festival Purchases Utilities & tel8coms Wages Support S8NICèS Post & stationery Repairs & renewals Cleaning Sundry expenses Licences Marketing Insurance Independanl examiner Bank charges Total Ex endlturo 21,710 12,710 1.236 22,946 12,710 7,120 20,276 38,082 1,925 696 12,934 2,254 216 2.703 3,793 6,685 960 1,024 134,324 30,201 12,634 9,032 9,513 38,403 800 524 7,766 2,051 1,131 632 5,824 4,194 960 1,915 125,580 7,120 20,276 38,082 1,925 696 11,884 2,254 216 2,703 3,793 6,685 960 1,024 124,918 1,050 9,406 Transfers betw•on funds 8.440 18,4401 16,426) 9,104 Net In¢omingl(Outgolngl Rosovrces Total funds brought forward Total funds carrled forward 17.7741 12,318 {14,2001 21,422 19,0041 30,426 4,544 2,678 7,222 21,422 Page 4
SALTBURN COMMUNITY AND ARTS ASSOCIATION COMPANY NUMBER 5719152 BALANCE SHEET AS AT 31 MARCH 2024 NOTE 2024 2023 CURRENT ASSETS Stock Debtors & Prepayments Bank Accounts Cash In Hand 1,012 7,495 43,879 2,680 1,080 1,760 20,877 100 55,066 23,817 55,066 23,817 URRENT LIABILITIES.. abl wl In 1 ar Trade credilofs & aral8 47,844 2.395 NET ASSETS 7,222 21,422 NO Unrgstricled Funds Reslriclgd Fund5 12,318 2.678 7,222 21,422 The directors are satisfiod that the company was ¢ntilled lo exemption from audit under sgclion 477 of the Companies act 2006 relating to small companigs. Dlreclor8 responsibililias.. 1} The members have not required the company lo obtain an audit of its accounts for the year in question in accordancg Wlth section 476.. 21 Thg diroctors ackno¥edge their résponsibilities for complying with the requir9mgnts of the Act wlh respect to accounting records and the pparatIon of account¥. The financial stat9mants have been prepared In accordance with the provlsions of the Compani08 Act 2006 relating to small compani88. Those Flnancial Stat•ment¥ wor8 approved by th• Dlrectors on Dalo Signed Printed -Paul Phillip Chappo11....................... Page 5
SALTBURN COMMUNITY AND ARTS ASSOCIATION Notes tc, the Accounts for the eriod ended 31st March 2024 1. General Information and basls of re aration The Charity is a pnvate corr pany Limited by Guarenlee incorporat8d in England and Wales. Its registered office is disclosed on page .1. The charity conslilutes a pujlic benefit entity ag defined by FRS 102. The financial ststements have been prepared in accordance Accounting and Reporting by Charities.. Stamenl of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Republic of Ireland (FRS 1021 issued on 16 July 2014 las updated through update bulletin 1 PL blish on 2 February 20161, the Financial Reporting Standards applicable in the United Kingdom and Ilepublic of Ireland IFRS 1021 and UK Generally accepted practice as it applies from 1 January 201.,). The charity has applied update bulletin 1 as published on 2 February 2016 and does not includ6 cash flow statement on the i Jrounds11 Is applying FRS 102 Section 1 A. The Financial slalements are prepared on a going concern basis under the historical cost convention. The Financial stslemenls ai8 presented in sterting which is the functional currency of the charity and rounded to the nearest pouiid. The significant accounting policy's applied in the preparation of the financial statements are sèl out below. These policies have been ai)plied to all year5 shown unless Otherwise slated. Fund• Unrestricted funds are avail',Ible for use al the discretion of the trustees in furth6rance of the general objectives of the charlty and which have not been designated for other purpos6s. Restricted funds are funds vihich are lo be us6d in accordance with specific r85tri¢tions imposed by donors or which have beèn "aised by the charity for particular purposes. The cost of raising and adminislraling such funds ai"8 charged against the specific fund. The aim and use of éach restricted fund is set out In the notes ti> thé accounts. All grants and vcluntsry incc me are accounted for gross when receivable, as long as they are capable of financial measurement. Gift5 in kind have not been capable of measurement and are not included. All expenditure is accountecj for gross, and when incurred. It Is Ihe Charites policy to only capitalisè assets at a cost of £500 or over. Stock is valued al the lower of cost and n61 realisable value, after making due allowance for obsolete and slow moving items. Debtors and creditors with no staled interest rale and receivable or payable within one year are recorded at transaction price. Any108;ies arising from impairment are recognised in expenditure. 2 Grants Rocolvable 3110312024 3110312023 Durham Community Fund National Film Hub North Regilliance SMNMPC 6,520 2,000 1,500 1,050 1,050 10,020 Page 6a
SALYBURN NITY AND ARTS ASSOCIATION Not88 to tha A¢eount¥ for ndad 31st March 2024 Transfgr b91wg8n funds Openlng Irr•mi Outgolng Closirg Unro•trlctod fund¥ 12.318 124918 4.544 R¢rf¢t9d fvnd¥ Filrn Hub North Resillence 1,850 18471 1,003 8MNM Par1$h cOtil 1,050 oop- P8rtorrn8nce Funding 2,064 13691 1.675 88er Festiv8 5,190 10,370 18,4401 9,406 8eer foutiv•l profils •ro trgnsf8rr8d to unrestricted fvnds on wrnplgllon of tho fe811v81. D•¥lgna¢gd fund• 4 Analy•lg of lund• Unreatrlcted Reatrictad Totsl Current È8sal8 Currenl118billVes 52,388 2,676 55,066 47,844 Tranaactlon¥ wlth ¢ru•t••'• •nd ¢onn•ct•d •r•on• 81 Tru8tee8 have108ned £27,456 lo Ihe chaty. bl Be¢8uuo of difi¢ulW•$ ob1èlTh9 b8nk f8cllll8s £18,444 li held in tN$t by the Iru8t808, 6 Tru•¢••l During the year, no inwrnn¢• wvs pvr¢ha$8d le IrK1emnlfy Iruit8e5 qgaln$i dof•ull ¢n Ihelr part. No rernun&ration ¢r8xpens8s was pald lo Trusleos, 7 Ém lo e eo8ts Arts and Education Centro Managemeni Centre Clopnor 16.922 14,656 e.504 1e.723 15,DOB 6,872 The ChatY employed thr8• P•rt tsma $tsft. No mmbers ofsl•ff rtr¢èiv¢d r6munar8llon ofgreatsr then £60,000. O Control The eompany is under the eonlrol of Ihe directors. g Con The association has a'full repairing lease. on the premises at Albion Terrarye, The Tmslee8 Consder Ihal there remains a significant cost lo m96t the lenns of the leaBe. 10 R•latod •rfl•¥ There were no related pariy transacbon8. Page 6b