**Company Reg no: 6166882 Registered Charity nos: 1120152 & SC047117**
## **RAGE ARTS**
**(COMPANY LIMITED BY GUARANTEE)**
**REPORT OF THE TRUSTEES**
**AND**
**FINANCIAL STATEMENTS**
**FOR THE 9 MONTHS ENDED 31 DECEMBER 2022**
## **RAGE ARTS**
**TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 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 9 MONTHS ENDED 31 DECEMBER 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 9 months ended 31 December 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 CEO: 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 (31 March 2022:7), 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 9 MONTHS ENDED 31 DECEMBER 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 9 MONTHS ENDED 31 DECEMBER 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.
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.
3
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 9 MONTHS ENDED 31 DECEMBER 2022**
## **Achievements during the year**
During December 2022 Rage Arts toured a Christmas production of Anesewa, Spider Woman to primary schools in the West Midlands.
We were delighted to receive support from various funders during the period. Major funding
was received from Postcode Local Trust for Anesewa, Spider Woman and from Arts Council England Project Grants for both 2022 and 2023 Christmas productions. Together with important
funding from other generous supporters these enabled us to tour 18 live theatre shows, provide songwriting workshops at schools, provide prizes for young budding song writers in our song writing challenge and pay our core operating costs for the financial period without having to break into our reserves.
We were very excited to run another song writing challenge in 2022 and we were encouraged by all the talented children who entered. Funded by several grants the young winning songwriters contributed the words of songs which were then set to music by a professional composer and included in the touring Christmas show.
A big thank you is due to all of our funders without whom Rage Arts would not be able to continue its work providing affordable, accessible professional theatre to local children. Our funders include Arts Council England, Arnold Clark Community Fund, Baron Davenport's Charity, the Cole Charitable Trust, the Edward Cadbury Trust, the Grimmitt Trust, the Harry Payne Fund, Hockley Mills Community Fund, Insurance2Day, Postcode Local Trust, the Rowlands Trust and Silverwoods.
A full list of all our funders is in note 2 and also in note 14 to the accounts.
4
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 9 MONTHS ENDED 31 DECEMBER 2022**
## **Financial Review**
The period to 31 December 2022 showed an unrestricted break even of £0 (year to March 2022: £4,691 surplus) as sufficient funding was obtained to cover all costs this year thanks to our generous supporters as detailed in notes 2 and 14.
There was a restricted surplus of £28,260 (year to March 2022: £2,827 restricted deficit) due to donations of restricted funding received in the period for expenditure to be incurred in the forthcoming financial year. These surplus funds are carried forwards mainly towards the cost of the 2023 Christmas tour, including workshops at primary schools to encourage the children to write songs for inclusion in the final production. £3,345 is also carried forwards to cover final payroll costs associated with the December 2022 performance of Anansewa Spider Woman. Details of movements in the restricted funds are shown in Note 14.
The total net result for the period was a total surplus of £28,260 compared to £1,864 in the year ended 31 March 2022.
## **Reserves**
Rage Arts carried forward £7,723 (March 2022: £7,723) free reserves at the period end after having designated £6,000 donations (March 2022; £6,000) received in prior years towards funding the annual Christmas tour, £3,300 (March 2022: £3,300) 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 9 MONTHS ENDED 31 DECEMBER 2022**
**Financial Review (continued)**
## **Unrestricted Income £5612**
Donations
Theatre and Film Projects (Charitable) Other Income
**Restricted Income £60750 All Donations:**
Grants: Christmas 2022 tour Grants: Christmas 2023 tour Grants: Unfunded Core Costs
## **Unrestricted Expenditure £5612**
## **Restricted Expenditure £32490**
Charitable Activities
Charitable activities Governance Costs
6
RAGE ARTS
TRUSTEES. REPORT INCLUDING DIREcfoRS' REPORT FOR THE 9 IAONThS ENDED 31 DECEMBER 2022
Plans for the Future
In the next year r key objectfves are to:
Tour a successful Christmas theatre production to prtmary schools in and around the
West Midlands
To establish a community theatre company in Ladywood. Birmingham
Obtain further fundfjng to continue the work of the Charity. in particular Yrking with
siallY disadvantaged people
Provlde affordable. accessible theatre to schcds and community venues
Contlnue to build ¢)n the reputation of Rage Arts to further develop our V•Y)rk
Support other organi5atTons in (ating productions
Continue to support the develrnent of artiste5
Continue to UFxlate and replace our equipment
Approved by the Board of Trustees on 2023 and signed on
their behalf by-
Treasurer:
Milne
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 9 MONTHS ENDED 31 DECEMBER 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
RAGE ARTS
INDEPENDEKf EXAMINERS REPORT FOR THE 9 MONTHS ENDED 31 DECEMBER 2022
I report to the trustees on my examination of acCOts of Rage Arts (the Company) for the 9 months
ended 31 DKefflber 2022.
Respt)nslbllftles and basls of report
As the tru5tee5 of the Company land also Its director5 for the wrposes of company lawl you are
responslb(e for the preparation of the accounts Tn accordance wrth the requirements of the Charities
atbd Trustee Investment Iscotlandl Act 21)J5 1.the 25 Act'l, the Chadties Accounts (Scotlandl
Regulations 21))6 las amen¢Jed) and the Companies Act 2CQ6 ('the 2(MJO Act'l. You are Satisfied that the
accounts of the Company are not required by charity or company law to be audited and have chose
instead to have an Independent exawnination.
Havlng satlsfled myself that the accounts of the Company are not required to be audlted under Part 16
of thè Act and are eligible for independent examination, I report in respert of my examination of
the Company's accounts carried out under section 44 111 I c) of the 2rxJ5 Aet and seetion 145 of the
Charitles Act 2011 1.the 2011 Act. )- In carrying out my examination I have followed the requfjrements of
Regulatfon 11 of the Charities Accounts {ScotLandl Regulations 2(*)6 la5 amended) and the Dlrectfions
glven by the Charity Commission under section 14515llbl of the 2011 Act.
Independent examlner's statement
Since the Company Is required by company Law to prepare it5 accounts on an accruals basis and Is
registered as a charlty In Scotland your eumlner must be a member of a body listed in Regulation 1112
of the Charitles Accounts Iscotlandl Regulations 2(M)6 las amended). I can confirm that l am quallfled to
undertake the examlnatlon because l am a registered [rber of ClhlA v4hich is {e of the listed bodie5.
I have completed my examinatii)n. I confirm that no matters have come to my attention in connectfjon
th the exatnination g?ving cause to belIe that in any rnaterial respect:
1. accountfjng records were not kept as required by section 386 of the 2(# Act and Regulatlon 4 of the
21X)6 Accounts Regulations. or
2. the accounts do not accord with those records with the accountin8 requirement5 of Regulatton 8 of
the Charities Accounts (Scotland) Regulations 2(Th' or
3. the accounts do not eomply with the accounting requirements of section 396 of the 2(K)6 Act other
than any requirement that the accounts give a 'true and falr view which is not a matter consTdered as
part of an independent examination. or
4. the accounts have not been prepared in accordance with the methods and prSnclples of the
Statement of Recommended Practice for accountlng and reporting by charities [applfcable to charltles
preparing their accounts in accordance with the Financlal Reportfng Standard appLScable In the UK and
Republic of Ireland IFRS 1021].
I have no concerns and have come across no other matters in connection wlth the examSnation to which
attention 5houLd be drawn in thi5 report In order to enable a proper understanding of the accounts to
be reached.
Date: g1912*z3
Teresa Fennell, A
It Doesn't Have to C*>St the Earth Ltd
47 St Dunstans Close. Worcester. WR5
## **RAGE ARTS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE 9 MONTHS ENDED 31 DECEMBER 2022 INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD**
|**Unrestricted**
**Funds**
**9 months to**
**31.12.2022**
**£**
**INCOME**
Donations
2
702
Charitable Activities:
Film and Theatre Projects
3
4,860
Other Income
7
50
**Total Income**
5,612
**EXPENDITURE**
Charitable Activities:
Film and Theatre Projects
4
5,612
**Total Expenditure**
5,612
**Net Income/(Expenditure)**
5
-
Transfers between Funds
-
Net Movement in Funds
-
Reconciliation of funds:
Total Funds Brought Forward
22,023
**TOTAL FUNDS CARRIED FORWARD**
22,023
**Note**|**Unrestricted**
**Funds**
**9 months to**
**31.12.2022**
**£**
**INCOME**
Donations
2
702
Charitable Activities:
Film and Theatre Projects
3
4,860
Other Income
7
50
**Total Income**
5,612
**EXPENDITURE**
Charitable Activities:
Film and Theatre Projects
4
5,612
**Total Expenditure**
5,612
**Net Income/(Expenditure)**
5
-
Transfers between Funds
-
Net Movement in Funds
-
Reconciliation of funds:
Total Funds Brought Forward
22,023
**TOTAL FUNDS CARRIED FORWARD**
22,023
**Note**|**Restricted**
**Funds**
**9 months to**
**31.12.2022**
**£**
60,750
-
-|**Total**
**9 months to**
**31.12.2022**
**£**
61,452
4,860
50
66,362
38,102
38,102
28,260
-
28,260
28,532
56,792|**Total**
**year to**
**31.3.2022**
**£**
34,801
3,360
549|
|---|---|---|---|---|
||5,612|60,750||38,710|
||5,612|32,490||36,846|
||5,612|32,490||36,846|
||-
-|28,260
-||1,864
-|
||-|28,260||1,864|
||22,023|6,509||26,668|
||22,023|34,769||28,532|
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure in the period 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 DECEMBER 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|**31.12.22**
**£**
-
416
57,250
57,666
(874)
56,792
56,792
-
**56,792**
22,023
34,769
**56,792**|**31.3.22**
**£**
-|
|---|---|---|
|||325
29,190|
|||29,515
(983)|
|||28,532|
|||28,532
-|
|||**28,532**|
|||22,023
6,509|
|||**28,532**|
For the period ending 31 December 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 period 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 Reg no: 6166882
BALANCE SHEET AS AT 31 DECEMBER 2022
these accounts have been prepared in accdance with the speclal provisions of Part 15 of the
Companies Act relating to charitable small companies.
The flnancial statements were apwoved by the Board of Trustee5 on U<_r and
authorised for i5we and signed on their behalf by:
Tnjstee:
rea5urer:
Emeia Alilne
Sally Vernon
The Notes on pages 14 to 21 form part of finarlal statements.
12
## **RAGE ARTS**
## **CASH FLOW STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 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 December (31 March)
**Cash and cash equivalents consists of**
Cash at Bank and in Hand at 31 December (31 March)|**9 months**
**31.12.22**
**£**
**28,060**
-
**28,060**
**29,190**
**57,250**
**57,250**|**year**
**31.3.22**
**£**
**(3,325)**
533|
|---|---|---|
|||**(2,792)**
**31,982**|
|||**29,190**|
|||**29,190**|
13
**RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 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 9 MONTHS ENDED 31 DECEMBER 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 9 MONTHS ENDED 31 DECEMBER 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:
|Equipment, Fixtures and Fittings:
**2. Donations**
General Unrestricted Donations
Unrestricted Donations from Trustees
Restricted Grants and Donations (see note 14):
Donations from Trustees: Minibus Fund
Arnold Clark Community Fund
Arts Council England
Baron Davenport's Charity
Harry Payne Fund
Hockley Mills Community Fund
Insurance2day
Philip Bates Trust
Postcode Local Trust
The Cole Charitable Trust
The Edward and Dorothy Cadbury Trust
The Edward Cadbury Trust
The Grimmitt Trust
The Rowlands Trust
**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**
**pd 31.12.22**
**£**
6,720|**Other**
**Direct Costs**
**pd 31.12.22**
**£**
31,382|20% - 50% Straight Line
**pd 31.12.22**
**yr 31.3.22**
**£**
**£**
677
6,711
25
25
-
45
1,000
27,000
-
1,000
750
2,000
1,000
-
2,700
250
250
-
250
25,000
19,720
1,000
850
-
1,000
1,000
-
1,000
500
1,500
1,000|20% - 50% Straight Line
**pd 31.12.22**
**yr 31.3.22**
**£**
**£**
677
6,711
25
25
-
45
1,000
27,000
-
1,000
750
2,000
1,000
-
2,700
250
250
-
250
25,000
19,720
1,000
850
-
1,000
1,000
-
1,000
500
1,500
1,000|
|---|---|---|---|---|
||||61,452|34,801|
||||**pd 31.12.22**
**£**
4,860|**yr 31.3.22**
**£**
3,360|
||||**Total**
**pd 31.12.22**
**£**
38,102|**Total**
**yr 31.3.22**
**£**
36,846|
16
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 2022**
|**5. Net Income/Expenditure**
Net Income/Expenditure is stated after charging:
Depreciation of assets
Governance costs
Trustees' remuneration
Trustees' expenses
Independent Examiner's fees
**6.**
Prior Year Statement of Financial Activities|**9 mnths**
**31.12.22**
**£**
-
440
-
-
400|**Yr**
**31.3.22**
**£**
-
390
-
-
350|
|---|---|---|
||||
|**Unrestricted**
**Funds**
**31.3.22**
**£**
**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**
**31.3.22**
**£**
**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**
**31.3.22**
**£**
28,065
-
-|**Total**
**31.3.22**
**£**
34,801
3,360
549|
|---|---|---|---|
||10,645|28,065|38,710|
||5,954|30,892|36,846|
||5,954|30,892|36,846|
||4,691
(528)|(2,827)
528|1,864
-|
||4,163|(2,299)|1,864|
||17,860|8,808|26,668|
||22,023|6,509|28,532|
17
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 2022**
|**7. Other Income**
Sundry Income
**8. Tangible fixed assets**
**Cost**
At 1 April 2022
Additions
Disposals
**At 31 December 2022**
**Accumulated Depreciation**
At 1 April 2022
Charge for year
Disposals
**At 31 December 2022**
**Net Book Value**
**At 31 December 2022**
**At 31 March 2022**
**9. Debtors**
Prepayments and Other Debtors|**pd 31.12.22**
**£**
50
**Equipment**
**Fixtures**
**& Fittings**
**£**
3,120
-
-
3,120
3,120
-
-
3,120
-
-
**31.12.22**
**£**
416
416|**yr 31.3.22**
**£**
549|
|---|---|---|
|||**31.3.22**
**£**
325|
|||325|
18
**RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 2022**
|**10.**|**Creditors: amounts falling due within one year**|**Creditors: amounts falling due within one year**||**31.12.22**|**31.3.22**|
|---|---|---|---|---|---|
|||||**£**|**£**|
||Accruals|||439|350|
||Other Creditors|||435|633|
|||||**874**|**983**|
|**11.**|**Employees' Information**|||||
||The average number of persons employed|**pd to 31.12.22**||**yr to 31.3.22**||
|||**Full Time**||**Full Time**||
||during the year was:|**Equivalent**|**Number**|**Equivalent**|**Number**|
||Administration|-|1|-|1|
|||**-**|**1**|**-**|**1**|
||**Staff Costs**||**pd**|**to 31.12.22yr to 31.3.22**||
|||||**£**|**£**|
||Wages and salaries|||6,720|8,125|
||Social security costs|||-|-|
||Pension costs|||-|-|
|||||6,720|8,125|
No employee received employee benefits (excluding employer pension costs) of more than £60,000 during either the period ended 31 December 2022 or year ended 31 March 2022.
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 (yr to 31 March 2022: £Nil).
The total employee remuneration including benefits of the Charity's key management personnel, comprising the Trustees and Senior Management was £6,780 (year to 31 March 2022: £8,191).
## **12. Pension Scheme Commitments**
There were no Pension Scheme members in the period to 31.12.22. (year to 31 March 2022: 0).
|**13.**|**Capital and Revenue Commitments**|**31.12.22**|**31.3.22**|
|---|---|---|---|
|||**£**|**£**|
||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 9 MONTHS ENDED 31 DECEMBER 2022**
|**14. Analysis of Funds**
**Representation of Fund Balances**
Net Current Assets
Total Net Assets
**The Restricted Funds comprise:**
Film Project
Asset Replacement Fund
Arnold Clark Community Fund
Arts Council England
Baron Davenport's Charity
Harry Payne Fund
Hockley Mills Community Fund
Insurance2day
Postcode Local Trust
The Cole Charitable Trust
The Edward Cadbury Trust
The Grimmitt Trust
The Rowlands Trust
Total|**Unrestricted**
**31.12.22**
**£**
22,023
22,023
**1 April**
**Income**
**2022**
**£**
**£**
840
-
2,969
-
-
1,000
-
27,000
-
1,000
-
2,000
2,700
-
-
250
-
25,000
-
1,000
-
1,000
-
1,000
-
1,500|**Unrestricted**
**31.12.22**
**£**
22,023
22,023
**1 April**
**Income**
**2022**
**£**
**£**
840
-
2,969
-
-
1,000
-
27,000
-
1,000
-
2,000
2,700
-
-
250
-
25,000
-
1,000
-
1,000
-
1,000
-
1,500|**Restricted**
**31.12.22**
**£**
34,769|**Total**
**31.12.22**
**£**
56,792|**Total**
**31.3.22**
**£**
28,532|
|---|---|---|---|---|---|
|||22,023|34,769|56,792|28,532|
|||**Income**
**£**
-
-
1,000
27,000
1,000
2,000
-
250
25,000
1,000
1,000
1,000
1,500|**Expend-**
**iture**
**£**
-
-
1,000
1,385
-
2,000
2,700
250
21,655
1,000
1,000
-
1,500|**Transfer**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|**31 Dec**
**2022**
**£**
840
2,969
-
25,615
1,000
-
-
-
3,345
-
-
1,000
-|
||6,509|60,750|32,490|-|34,769|
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 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 funded certain operational costs in the period to enable Charity to remain in Ladywood with a view to developing local community projects.
The Harry Payne Fund donation provided support for core operating personnel costs.
Other restricted donations received during the year were provided towards the annual Christmas theatre tours in 2022 and 2023 and cover specific relevant costs including children's song writing challenges.
20
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 31 DECEMBER 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_|**9 months**
**31.12.22**
**£**
28,260
-
-
(91)
(109)
**28,060**|**year**
**31.3.22**
**£**
1,864
-
(533)
753
(5,409)|
|---|---|---|
|||**(3,325)**|
## **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 £25 (year to 31 March 2022: £70) were received from Trustees during the period. The Charity's insurance policies include trustee indemnity insurance. The charity paid no other expenses or remuneration to any Trustee during the period (year to 31 March 2022: £0). There were no further related party transactions during the period (year to 31 March 2022: none).
21