This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2023-03-31-accounts

The trustee	s	servin	g during the yea	r and since the year e	nd	we	re as	follows:
				Alisdair Cameron
				Douglas Hunter
				Nikki Gibbard
				John Banks
				Rachael Doyle-Hall
				Nelli Stavropoulou	(Resigned			11July 2022)
				Dr Victoria Armstrong		(Resigned 11July 2022)
				Toby Brandon
				Angela Main (Appointed			12January 2023)
				Thomas Lonsdale	(Appointed			23 January 2023)
Company	secretary			Carole Hall
Key management			personnel	Robert Malpiedi —Studio			Manager/CEO
Company	number			05028177
Charity number				1116957
Registered		office	and principal	The Blackfriars Centre
place ofbusiness				Newbridge St
				Newcastle upon Tyne
				Tyne and Wear
				NE1 2TQ
Independent		Examiner		Clarke's Chartered	Accountants
				176Portland Road
				Jesmond
				Newcastle Upon Tyne
				NE2 1DJ
Bankers				Unity Trust Bank
				Nine Brindley place
				Birmingham
				B1 2HB
				Santander UK Pic
				Business Banking
				301 St Vincent Street
				Glasgow
				G2 SNT

	Notes	Unrestricted	Restricted	31 March	31 March
		funds	funds	2023	2022
				Total	Total
			E	R
INCOME FROM:
Donations and legacies		6,580		6,580	3,091
Charitable activities		15,533	224,260	239,793	207,700
Other income		3,896	1	3,897
Other trading activities		3824		3824	4820
Total income		29,833	224,261	254,094	215,411
EXPENDITURE ON:
Charitable activities		20,462	227,967	248,429	192,623
Total expenditure		20,462	227,967	248,429	192,623
Net income/(expenditure)		9,371	(3,706)	5,665	22,788
Transfers Between Funds
Total funds brought forward		104279	19958	124237	101449
Total funds carried forward		113,650	16,252	129,902	124,237

			Notes	2023	2022f
Current assets
Debtors Cash at bank and	in	hand		2,486 +~86	2,445 194154
				208,072	196,599
Creditors: amounts		falling due within
one year				~76 170	72362
Net assets			12	129,902	124,237
The funds ofthe	charity
Restricted funds				16,251	19,958
Unrestricted funds				113651	104279
Total charity funds				129,902	124,237

?	estimates Donations	and assumption and legacies	s will, by	definition, seldo	m equal the rela	ted actual results.
				Unrestricted	Restricted	31 March	31 March
				funds	funds	2023	2022
	Donations			R 0	R	E~91	~91
3.	Income from charitable		activities
				Unrestricted	Restricted	31 March	31 March
				funds	funds	2023	2022
							E
	Grants				224,260	224,260	199,638
	Members	contributions		15533		15533	6061
				15,533	224,260	239,793	207,699
	Other income
				Unrestricted	Restricted	31 March	31 March
				funds	funds	2023	2022
				R	R	K	R
	Other income			3,896		3,897

		Unrestricted	Restricted	31 March	31 March
		funds	funds	2023	2022
		R			R
Sales	ofgoods	3,824		3,824	4,620

				Direct	Support	31 March	31 March
				costs	costs	2023	2022
					K	R	R
Funding	for	the promotion	of art and	137,365	104,165	241,530	188,018
artistic	and	creative activities
Governance		costs			6899	6899	4605
				137,365	111,064	248,429	192,623

			31	March	31 March
			2023		2022
				E
Support staff costs				47,986	48,816
Rent				30,962	19,866
Repairs and maintenance				1,104	460
Legal and	professional	fees		11,550
Promotion	and marketing			920	319
Insurance				767	849
Other support costs				10,876	5,058
Governance costs				6899	4605
				111,064	79,973
Governance	costs are made up as follows:
			31 March		31 March
			2023		2022
				E
Accountancy	services			5,686	3,452
Independent	examination			1,200	1,140
Companies	House filing	fees		13	13
				6,899	4,605

et outgoing resources
	31 March	31 March
	2023	2022
The net outgoing resources for the year is stated after charging:
Clarke's fees:
Independent examination	1,200	1,140

mounts to:
31 March	31 INarch
2023	2022

											31 March	31 INarch
											2023	2022
												E
	Prepayments and			accrued income							2486	2445
											2,486	2,489
9.	Creditors: amounts				falling due			within one		year
											31 March	31 March
											2023	2022
	Trade	creditors									5,647	4,096
	Accruals		and deferred			income					72 523	68266
											78,170	72,362
10.	Deferred		income								31 March	31 March
											2023	2022
											E
	Deferred		income at 1 April 2022								65,416	65,321
	Released		from previous			years					(65,416)	(65,321)
	Amounts		deferred	in	the year						67 431	65416
	Deferred		income at 31			March	2023				67,431	65,416
11.	Analysis	ofcharitable			funds
								As	at			As at
							1 April					31	March
								2022		Income	Expenditure Transfers	2023
								E
	Restricted	funds
	National Lottery Fund							17,157		94,475	(93,563)	18,069
	Newcastle	Cultural						(1,297)		21,767	(20,470)
	Investment	Fund
	Enterprise	Development			Fund					13,501	(9,076)		4,425
	Lloyds Bank Foundation									1,721	(1,712)		9
	Others								4 098	92 796	~103146	~6252
								19,958		224,260	(227,967)	16,251
	Unrestricted		funds
	Designated	-	Governance								70,000	70,000
	Designated General	—R8D						104279		29833	20,000 ~20 461 ~90000	20,000 23651
	Total funds							124,237		254,093	(248,428)	129,902

nalysis	of net assets be	tween funds
		Unrestricted	Restricted	Total	Total
		funds	funds	2023	2022
		E			E
Current	assets	6,537	201,535	208,072	196,599
Current	liabilities	~5647	~72 523	~76 170	~72 362
		890	129,012	129,902	124,237