Company Reg no: 6166882
Registered Charity England & Wales 1120152, Scotland 47117
RAGE ARTS
(COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
RAGE ARTS
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CONTENTS
| Page | |
|---|---|
| 1 | Trustees' Report including Directors' Report |
| 9 | Independent Examiner's Report |
| 10 | Statement of Financial Activities |
| 11 | Balance Sheet |
| 13 | Cash Flow Statement |
| 14 | Notes to the Financial Statements |
Company Reg no: 6166882
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit the Annual Report and the unaudited financial statements for the year ended 31 March 2022.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities in preparing the Annual Report.
Reference and Administrative details
Charity Number: 1120152 Company Number: 6166882 Registered Office: Onions and Davies Solicitors 91 Cheshire Street, Market Drayton, Shropshire, TF9 3AF Correspondence Address: 48 Upper Ashley Street, Halesowen, W Mids, B62 8HJ Website: www.ragearts.org.uk Directors and Trustees:
The directors of the charitable company (the Charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees serving during the year and since the year end were as follows:
Liam Atton Emela Milne Bethany Shiner Sally Vernon James Webster Managing Director: Owen Radmore Bankers: The Co-operative Bank plc PO Box 250 Skelmersdale WN8 6WT
Governing Document
Rage Arts is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a Charity with the Charity Commission. The Charity is registered with no maximum number and anyone may become a member on condition of their membership being approved by the Trustees. There are currently 7 members (2021:7), each of whom agrees to contribute a maximum of £10 in the event of the Charity winding up.
1
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
Structure, Governance and Management (Continued)
Appointment of Trustees
As set out in the Articles of Association potential Trustees must be recommended by the Trustees or proposed by a member qualified to vote at any general meeting. New Trustees are appointed at general meeting by ordinary resolution.
Trustee Induction and Training
New Trustees are provided with Charity Committee publications to brief them on their legal obligations under Charity and company law, the content of the Memorandum and Articles of Association, the decision making processes, the business plan and recent financial performance of the Charity.
Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Organisation
The Board of Trustees, which currently has no maximum number of members, administers the Charity. The Board meets quarterly during the year.
A Chief Executive is appointed by the Trustees to manage the day to day operations of the Charity. To facilitate effective operations, the Managing Director has delegated authority, within terms of delegation approved by the Trustees, for all operational matters across the organisation.
Risk Management
The Trustees have a risk management strategy which comprises:
-
an annual review of the risks the Charity may face;
-
the establishment of systems and procedures to mitigate those risks identified in the plan; and
-
the implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise.
The major risks remain those concerned with health and safety, safeguarding children and vulnerable adults, financial risk and key personnel.
2
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
Objectives and Activities
Rage Arts was established to advance the education of the public in the Arts, particularly by the promotion of educational plays, films, concerts and the encouragement of the Arts, by the arts of drama, mime, dance, singing and music.
The Charity is a company limited by guarantee and gives people the opportunity to gain skills through theatre, film and music to help them with the next step in their life, whether it be to gain confidence, self-esteem and other skills through engaging in activities of interest, or for those wanting experience to follow a career in the arts.
The Charity continues to seek funding in order to continue to work with people from all ages and backgrounds in pursuit of its objectives, including introducing people to the world of theatre and providing opportunities for those entering the profession.
In shaping the Charity's objectives for the year and planning its activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging. The Charity relies on grants and donations plus the income from fees and ticket sales (where applicable) to cover its operating costs. The Charity strives to make projects accessible to people from different backgrounds including those on low incomes. Rage's Christmas production tours to schools and community venues at subsidised rates to overcome social and economic barriers including cost and transport. This enables a whole school to see a show and brings theatre to people who otherwise may not experience a live production.
3
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
Achievements during the year
In the year ended 31 March 2022, as restrictions from the COVID-19 pandemic were lifted, Rage was able to tour annual Christmas show delayed from December 2020 and also remained active online thanks to our various funders.
We were delighted to receive funding from Postcode Local Trust which, together with our other funders including the Baron Davenport's Charity, the Cole Charitable Trust, the Edward and Dorothy Cadbury Trust, the Grimmitt Trust, Insurance2Day and the Rowlands Trust enabled us to tour our Christmas production of The Nutcracker to schools in the West Midlands in December 2021.
In what could have been a very challenging tme over the period of the COVID pandemic we were very grateful to all our funders who supported us with grants to cover our core operational costs to enable us to remain in our rehearsal space. These included Harry Payne Fund, Hockley Mills Community Fund, Severn Trent plc, the Syliva Waddilove Foundation and the William A Cadbury Trust.
We were very excited to run our song writing challenge and were encouraged by all the talented children who entered. Funded by several grants including those from Postcode Local Trust, Sir Barry Jackson Trust, Heart of England Community Foundation and Philip Bates Trust the young winning songwriters contributed the words of songs which were then set to music by a professional composer and included in the Nutcracker touring show.
A full list of all our funders is in note 2 and also in note 14 to the accounts.
The Trustees are of the opinion that throughout the year the Charity complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
4
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
Financial Review
The year to 31 March 2022 showed an unrestricted surplus of £4,691 (2021: £5,001) thanks to generous grants from various funders as per notes 2 and 14, specifically funding both our projects and certain core running costs and also the release of payment for a cancelled Urban Film Club into income, donated by Bournville Village Trust. The Trustees have designated this donation of £5,000 for the funding of future Urban Film Club projects.
There was a restricted deficit of £2,827 (2021: £3,361 restricted surplus) due to the expenditure of restricted funding received in the previous financial year. The Christmas 2020 tour of the Nutcracker was postponed until December 2021 and funding had been received towards this project, a song writing challenge for school children to write songs to be included in the show and running costs of the charity. Details of movements in the restricted funds are shown in Note 14.
The total net result for the year was a total surplus of £1,864 compared to £8,362 in 2021.
Reserves
Rage Arts carried forward £7,723 (2021: £9,110) free reserves at the year end after having designated £6,000 donations (2021; £6,000) received in prior years towards funding the annual Christmas tour, £3,300 (2021: £2,750) towards other specific potential unfunded bills and £5,000 towards a future Urban Film Club project. The balance is carried forwards to be used for general working capital and to finance fixed costs between funded projects.
The Trustees have maintained the reserves designated for the Christmas tour as they appreciate that grant funding may be difficult to obtain in future due to the prevailing economic climate.
5
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
Financial Review (continued)
Unrestricted Income £10645
Donations Theatre and Film Projects (Charitable) Other Income
Restricted Income £28065 All Donations:
Grants: Nutcracker Tour and Running Costs Donations: Minibus Running Costs
Unrestricted Expenditure £5954
Restricted Expenditure £30892
Charitable Activities Governance
Nutcracker Tour Project Expenditure Minibus Running Costs
6
RAGE ARTS TRusfEES' REPORT INCLUDING DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH 2022 Plan5 for the Future In the next year our key objectives are to: Tour a successful Chrlstmas theatre prcwjtlOft to primary 5chcM)is in and amund the West Mldlands To establlsh a community theatre company in LadyWd. Blnningham Obtain further funding to continue the work of the Charity, In partfcuiar working with socially disadvantaged people Provlde affordable. accessible theatre to schools and communlty ven Cont7nue to build on the re[rtation of Rage Arts to further develop our work Support other organisatlons In creatlng prodtionS Continue to SUprt the development of artiste5 Continue to update and replace our equipment Approved by the Board of Trust$ on 1 7 OLV.I. their behalf by: 2022 and signed on Tntstee: Tr&wrer: Emeia Milne Sally Vernon
RAGE ARTS
TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity, including its income and expenditure, for that period. In preparing those financial statements the Trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume the society will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
8
INDEPENDETrrf EXAMINER'S REPORT TO THE TRUSTEES OF RAGE ARTS FOR THE YEAR ENDED 31 March 2022 I report to the trustees on my examination of the accounts of Rage Art5 {the Company) for the year ended 31 March 2022. Re5pon5ibilities and basfs of report As the trustees of the Company (and also its directors for the purrM)ses of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee InvestmenL1Scotlandl Act 2Cx)51'the 2Ci15 Act'}, the Charitie5 Accounts (Scotlandl RegulatTon5 2006 {as amended) and the Companie5 Act 2(X% I'the 2Crf)6 Act,). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2CK)6 Act and are eligible for independent examination. I report in respect of my examination of the Company's accounts carried out under section 44111 I cl of the 21x15 Act and section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotlandl Regulations 2[ las amermled) and the Direction5 given by the Charity Commission under section 14515)Ibl of the 2011 Act. In(lependent examiner's staternent Since the Company is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11{21 of the Charitie5 Accounts (Scotiandl Regulations 2(M)6 las amended). I can confirm that l am qualified to undertake the examination because l am a registered member of CIMA which is one of the listed b¢>lies. I have completed my examlnation. I confirm that no Matters have come to my attention In connection with the examinatlon giving me cause to believe that in any material respect: 1. accounting records were not kept as required by section 386 of the 21J)6 Act and Regulation 4 of the 2006 Accounts Regulations" or 2. the accounts do not accord with those records with the accounting requirements of Regulation 8 of the Charities Accounts Iscotlandl Regulations 2Th)6" or 3. the accounts do not comply with the accounting requirements of section 396 of the 26 Act other than any requirement that the accounts qive a 'true and fair wew vthich is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practlce for accounting and rertIng by charities [applicable to charities preparing their accounts in accordance with the Financial RertIng Standard applicable in the UK and Rewblic of Ireland IFRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this rety)rt in order to enable a proper understanding of the accthjnts to be reached. Date: l filp12 L . Teresa Fennell, ACAIA CGMA It Doesn't Have to Cost the Earth Ltd 47 St Dunstans Close, Worcester. WR5 ILI
RAGE ARTS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR
| Unrestricted Funds 2022 £ INCOME Donations 2 6,736 Charitable Activities: Film and Theatre Projects 3 3,360 Other Income 7 549 Total Income 10,645 EXPENDITURE Charitable Activities: Film and Theatre Projects 4 5,954 Total Expenditure 5,954 Net Income/(Expenditure) 5 4,691 Transfers between Funds (528) Net Movement in Funds 4,163 Reconciliation of funds: Total Funds Brought Forward 17,860 TOTAL FUNDS CARRIED FORWARD 22,023 Note |
Unrestricted Funds 2022 £ INCOME Donations 2 6,736 Charitable Activities: Film and Theatre Projects 3 3,360 Other Income 7 549 Total Income 10,645 EXPENDITURE Charitable Activities: Film and Theatre Projects 4 5,954 Total Expenditure 5,954 Net Income/(Expenditure) 5 4,691 Transfers between Funds (528) Net Movement in Funds 4,163 Reconciliation of funds: Total Funds Brought Forward 17,860 TOTAL FUNDS CARRIED FORWARD 22,023 Note |
Restricted Funds 2022 £ 28,065 - - |
Total 2022 £ 34,801 3,360 549 |
Total 2021 £ 20,856 50 275 |
|---|---|---|---|---|
| 10,645 | 28,065 | 38,710 | 21,181 | |
| 5,954 | 30,892 | 36,846 | 12,819 | |
| 5,954 | 30,892 | 36,846 | 12,819 | |
| 4,691 (528) |
(2,827) 528 |
1,864 - |
8,362 - |
|
| 4,163 | (2,299) | 1,864 | 8,362 | |
| 17,860 | 8,808 | 26,668 | 18,306 | |
| 22,023 | 6,509 | 28,532 | 26,668 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure in the year derive from continuing activities. For comparatives see Note 6.
The Notes on pages 14 to 21 form part of these financial statements.
10
Company Reg no: 6166882
BALANCE SHEET AS AT 31 MARCH 2022
| Notes Fixed assets - Tangible Assets 8 Current assets Debtors 9 Cash at bank and in hand Liabilities Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net Assets Funds Unrestricted Funds 14 Restricted Income Funds 14 |
2022 £ - 325 29,190 29,515 (983) 28,532 28,532 - 28,532 22,023 6,509 28,532 |
2021 £ - |
|---|---|---|
| 1,078 31,982 |
||
| 33,060 (6,392) |
||
| 26,668 | ||
| 26,668 - |
||
| 26,668 | ||
| 17,860 8,808 |
||
| 26,668 |
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
-
the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
11
Company Re8 no: 6166882 BALANCE SHE AS AT 31 IAARCH 2022 these accounts have been prepared in accordance with the sperial provisions of Part 15 of the Companie5 Act relating to charitable small companies. The financial statements were approved by the Board of Trustees on authorised for i55ue and sig1d on their behalf by: 7 Oc¥. and Trustee: Treasurer: Emeia Milne Sally VerrK The Notes on pages 14 to 21 f(Km part of thEse fInalal statements. 12
RAGE ARTS
CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Notes Cash flows from operating activities: Net cash provided by (used in) operating activities 15 Cash flows from investing activities: Proceeds from the sale of property, plant and equipment Net cash provided by (used in) investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash and cash equivalents consists of Cash at Bank and in Hand at 31 March |
2022 £ (3,325) 533 (2,792) 31,982 29,190 29,190 |
2021 £ 10,302 275 |
|---|---|---|
| 10,577 21,405 |
||
| 31,982 | ||
| 31,982 |
13
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. Accounting Policies
Basis of Accounting
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The charity constitutes a public benefit entity as defined by FRS 102. 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) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements have been prepared under the historical cost convention on the going concern basis, which the Trustees consider to be appropriate in the context of the Charity’s ability to meet its obligations as they fall due, in the period of twelve months following the date of approval of these financial statements. In this consideration, the Trustees have taken into account the Charity’s asset position, the level and profile of its liabilities and the Charity’s ability to determine the level of charitable services delivered. If the Charity were unable to continue to operate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
Restricted Funds
Restricted Funds are funds for which the donor has specifically restricted the purpose for which they can be used. The amount remaining in the funds represents the monies still remaining for future expenditure, or funds represented by assets purchased partly or fully from restricted funds.
When a time-limited restriction on an asset has expired or been released or where funds received for restricted purposes are expended on the purchase of assets over which there is no further restriction the cost of the asset is shown as a transfer to the unrestricted funds.
14
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting Policies (Continued)
Unrestricted Funds
Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Income
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
All income is allocated to the general fund unless otherwise restricted by the donor. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Operating Leases
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against income as incurred.
Fixed Assets and Depreciation
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Assets with a cost of less than £750 are not capitalised as immaterial.
15
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. Accounting Policies (Continued)
Fixed Assets
The Charity enjoys the use of equipment provided by various funding agencies in addition to that acquired from its own resources. Grants received for such equipment are credited to the Statement of Financial Activities in the year of receipt. Depreciation is provided with the intention of writing off the costs of tangible fixed assets over their useful lives. The provision is calculated as follows:
Motor Vehicles:
Equipment, Fixtures and Fittings:
25% Straight Line 20% - 50% Straight Line
| 2. Donations General Unrestricted Donations Unrestricted Donations from Trustees Restricted Grants and Donations (see note 14): Donations from Trustees: Minibus Fund Arts Council England Baron Davenport's Charity Harry Payne Fund Hockley Mills Community Fund Insurance2day Philip Bates Trust Postcode Local Trust Severn Trent plc The Cole Charitable Trust The Edward and Dorothy Cadbury Trust The Grimmitt Trust The Rowlands Trust The Sir Barry Jackson Trust The Sir William A Cadbury Trust The Sylvia Waddilove Foundation UK 3. Income from charitable activities Schools Christmas Tour 4. Expenditure on Charitable Activites Charitable Activities: Film and Theatre projects and related activities |
Direct Staff Costs 2022 £ 8,125 |
Other Direct Costs 2022 £ 28,721 |
2022 £ 6,711 25 45 - 750 1,000 2,700 250 250 19,720 - 850 1,000 500 1,000 - - - |
2021 £ 5,088 25 1,050 7,243 500 - - 2,000 750 - - 2,700 500 1,000 |
|---|---|---|---|---|
| 34,801 | 20,856 | |||
| 2022 £ 3,360 |
2021 £ 50 |
|||
| Total 2022 £ 36,846 |
Total 2021 £ 12,819 |
16
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| 5. Net Income/Expenditure Net Income/Expenditure is stated after charging: Depreciation of assets Trustees' remuneration Trustees' expenses Independent Examiner's fees 6. Prior Year Statement of Financial Activities INCOME Donations 2 Charitable Activities: Film and Theatre Projects 3 Investment Income: Bank Interest Other Income 7 Total Income EXPENDITURE Charitable Activities: Film and Theatre Projects 4 Total Expenditure Net Income/(Expenditure) 5 Transfers between Funds Net Movement in Funds Reconciliation of funds: Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD Note |
Unrestricted Funds 2021 £ 5,113 50 - 275 |
2022 £ - - - 350 |
2021 £ - - - 250 |
|---|---|---|---|
| Restricted Funds 2021 £ 15,743 - - - |
Total 2021 £ 20,856 50 275 |
||
| 5,438 | 15,743 | 21,181 | |
| 437 | 12,382 | 12,819 | |
| 437 | 12,382 | 12,819 | |
| 5,001 - |
3,361 - |
8,362 - |
|
| 5,001 | 3,361 | 8,362 | |
| 12,859 | 5,447 | 18,306 | |
| 17,860 | 8,808 | 26,668 |
17
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| 7. Other Income Sundry Income 8. Tangible fixed assets Cost At 1 April 2021 Additions Disposals At 31 March 2022 Accumulated Depreciation At 1 April 2021 Charge for year Disposals At 31 March 2022 Net Book Value At 31 March 2022 At 31 March 2021 9. Debtors Prepayments and Other Debtors |
Motor Vehicles £ 5,157 - 5,157 |
2022 £ 549 Equipment Fixtures & Fittings £ 3,120 - - 3,120 3,120 - - 3,120 - - 2022 £ 325 325 |
2021 £ 275 |
|---|---|---|---|
| Total £ 8,277 - 5,157 |
|||
| - | 3,120 | ||
| 5,157 - 5,157 |
8,277 - 5,157 |
||
| - | 3,120 | ||
| - | - | ||
| - | - | ||
| 2021 £ 1,078 |
|||
| 1,078 |
18
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| 10. Creditors: amounts falling due within one year 11. Employees' Information The average number of persons employed during the year was: Full Time Equivalent Number Administration - 1 - 1 Staff Costs Wages and salaries Social security costs Pension costs 2022 Accruals Other Creditors |
10. Creditors: amounts falling due within one year 11. Employees' Information The average number of persons employed during the year was: Full Time Equivalent Number Administration - 1 - 1 Staff Costs Wages and salaries Social security costs Pension costs 2022 Accruals Other Creditors |
2022 2021 £ £ 350 252 633 6,140 983 6,392 Full Time Equivalent Number - 1 - 1 2022 2021 £ £ 8,125 4,650 - - - - 8,125 4,650 2021 |
2021 £ 252 6,140 |
|---|---|---|---|
| 6,392 | |||
| 1 | 1 | ||
| 2021 £ 4,650 - - |
|||
| 4,650 |
No employee received employee benefits (excluding employer pension costs) of more than £60,000 during either the year ended 31 March 2022 or 31 March 2021.
None of the trustees have been paid any remuneration, received expenses or received any other benefits from an employment with their charity or a related entity (2021: £Nil).
The total employee remuneration including benefits of the Charity's key management personnel, comprising the Trustees and Senior Management was £8,191 (2021: £4,786).
12. Pension Scheme Commitments
There were no Pension Scheme members in the year (2021: 0).
| 13. | Capital and Revenue Commitments | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Revenue Expenditure that has been contracted for but has not | |||
| been provided for in the financial statements - | - | - |
19
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| 14. Analysis of Funds Representation of Fund Balances Net Current Assets Total Net Assets The Restricted Funds comprise: Film Project Mini Bus Fund Asset Replacement Fund Baron Davenport's Charity Harry Payne Fund Hockley Mills Community Fund Insurance2day Philip Bates Trust Postcode Local Trust Severn Trent plc The Cole Charitable Trust The Edward and Dorothy Cadbury Trust The Grimmitt Trust The Rowlands Trust The Sir Barry Jackson Trust The Sir William A Cadbury Trust The Sylvia Waddilove Foundation UK Total |
Unrestricted 2022 £ 22,023 22,023 1 April Income 2021 £ £ 840 - - 45 2,969 - - 750 - 1,000 - 2,700 - 250 - 250 - 19,720 935 - 125 850 - 1,000 - 500 1,000 1,000 1,439 - 500 - 1,000 - |
Unrestricted 2022 £ 22,023 22,023 1 April Income 2021 £ £ 840 - - 45 2,969 - - 750 - 1,000 - 2,700 - 250 - 250 - 19,720 935 - 125 850 - 1,000 - 500 1,000 1,000 1,439 - 500 - 1,000 - |
Restricted 2022 £ 6,509 |
Total 2022 £ 28,532 |
Total 2021 £ 26,668 |
|---|---|---|---|---|---|
| 22,023 | 6,509 | 28,532 | 26,668 | ||
| Income £ - 45 - 750 1,000 2,700 250 250 19,720 - 850 1,000 500 1,000 - - - |
Expend- iture £ - 573 - 750 1,000 250 250 19,720 935 975 1,000 500 2,000 1,439 500 1,000 |
Transfer Funds £ - 528 - - - - - - - - - - - - - - - |
31 March 2022 £ 840 - 2,969 - - 2,700 - - - - - - - - - - - |
||
| 8,808 | 28,065 | 30,892 | 528 | 6,509 |
The Film Project consists of donations received in response to the Charity's appeals to raise funds to make a feature film or script thereof, or other film if insufficient funds are raised.
The Minibus Fund consisted of donations given for the minibus's general running and repair costs. This vehicle was sold during the year and not replaced.
The assets replacement fund comprises funds to repair and replace existing equipment as necessary where otherwise unfunded, arising from donations from Rage Trust's sale proceeds of the Trust's old equipment.
The Hockley Mills Community Fund grant is to fund operational costs in the forthcoming financial year to enable the Charity to remain in Ladywood with a view to setting up a community theatre company in 20
Other restricted donations received during the year were for Nutcracker Project funding and related costs including the song writing challenge and core operational expenses.
20
RAGE ARTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Reconciliation of net income/(expenditure) to net cash flow from operating activities
| Net income/(expenditure) for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges Loss/(profit) on the sale of fixed assets (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by (used in) operating activities |
2022 £ 1,864 - (533) 753 (5,409) (3,325) |
2021 £ 8,362 - (275) 1,237 978 |
|---|---|---|
| 10,302 |
16. Constitution
The Society is incorporated in England and Wales and is limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity.
17. Corporation Taxation
The Charity is exempt from tax on income and gains falling withing section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargable Gains Act 1992 to the extent that these are applied to its charitable objects.
18. Related Party Transactions & Trustees' expenses and remuneration
Donations of £70 (2021: £1075) were received from Trustees during the year. The Charity's insuranc policies include trustee indemnity insurance. The charity paid no other expenses or remuneration to any Trustee during the year (2021: £0). There were no further related party transactions during the year (2021: none).
21