Iiijiiii
ACHZY076¢
1)911212023
COMPANIES HOUSE
A16
#187

Contents
The Trustees of A55¢claTion f¢Jf Cuttura1 Emerprises pres￿1
their Annuol Report consdidoMd t￿Or￿￿oI slatem4nrt OF
the (hority ond ils wbsidiory f¢r ts yeor endihg 31 Moi¢h
2023, whi¢h ho¥e ¢Y150 PTepored t¢
regviiemettts lor ¢) dire¢k¢rS' rtport (•id
Comparw•s Ath wrpos•s.
17 Tr•awrw'5 Re
19 (MJp¢ts PubfK
21 StrKDJr4 Go¥emorKe oTrd fftknnogem￿l
22 of TtvOee5' 4espon51wrt￿
23 and Adn￿n￿li11ve D￿*117￿
24 kndepend￿l EAonwners R•w
25 Cwsolida*d Sial•mÈnt of Fin￿￿1 Acfvlt
The linon¢l01510tenws <omply with the Choiities 20? 1.
the Ccpmpofflles A¢t 2006, the A¢tides of A$￿1￿11￿n. ond
A￿0￿￿11￿9 Rewtlll9 by ChoriT*5. 51oternonl of
Ret<Jmffl•nded Pio¢tice applicab￿ ￿ chaiilies pfepar*ig th*r
accounT5 in uccordance with ihe Fina￿1￿1 Reporrifflg Standard
applKoble in Ihe iJK Rep￿lIC ot lie1¢￿￿ IFRS 102
27 Si0￿￿￿ o( Coth Fbws

Welcome
Coroline Brown. Choir
This wus d SiyhilieaThl ywr
low ihe Asso<iqtion os we
lvonsitityn￿ frgm g time gt
chonge ond inlo • peritsd
locused orl lh¢
Jill Fenwick, CEO
I￿5 been the privileye of
my pwf•s5ional lile to grow
ond r•Vrtvte the Assoctotion
into ih* respethd and
prp9re55ive vryvnisalion it is
l•d•y-
Conseqvenrty. we hoye o
foundofvai on fo ¢
¥bje(h¥M. vjlw
org¢hkSO1thS ocheve ¢lthWO¢Jl
5V5t¢viobi%ty. ex¢dknKe
I firmly bel￿￿ only w¢Y fh>w
15 upl I wish my %u(cessor Gordon
oll Y¢ry besi os he iokes
Culiural Enterpri￿ on lo the nexl
51*igt of journey.
K•y objec11￿% for The yar wer*
o recower our ￿￿y￿ber5￿P
nurnber5, to muke a succe55fv1
ppli¢otith to Arts Courtil
Englond lor (wtinued 5UPPQrt.
ond ￿ recruit o new CEO ￿ the
A55o¢l¢ii¢Jn follrmhg the
r•tir•rn•nt of Jill F•nwKk.
e# wis
I yKerdy l*e lo IhE
Teurn ond Booid lor Ihwr (
hold work ohd dedi¢0lityl.
Ihtyk y¢u, ¢ur ¥(ww
c￿￿￿)•1> Supp(*l.
11 hos wpported and deYdop•d
5v ￿￿1vidUaL5 in the sector
ond ￿Ped Ihern to muke a reol
diHerEnre empb)yer5. We
hovè ¢olkniYely helped
maNfftJin th• hÈahh of our
w(ybderfvl oJhural 5etsLY, okng
Ihe high we ho¥t
Finallyw I would like to the
t)PPtsilyhity to thortk Jbll
)ge <onIrl￿tion over the yeor5
¢IT
l in delighted tv Soy thtsi ol 01
obje¢tives were ￿tr-
Membership m￿lber$ recovered
t• pre-pondemic le¥els. we were
oppointed Arts COW￿11
InveslmÈnt PrifflC5p￿I Support
Organisalion IIPSOI and we
5LICCe55fully r￿r￿lled ¢)w n•w
CEO, Gordon l*orri5orL
board.
¢5 a good lo hand over
Assooalirffi lo another. h is
financially re￿1￿, have
lefrific team of #aff. meml>erslHP
nd en9￿gEn￿r are growiry.
twi￿

Membership
Mfrmborlhip is <eDtrpl io (buw
puypose ond <•ntinues lo
inspirè v¥ in £weoting o
excellent, beneliciol
oxppriyTr¢e lor oll.
Thè of
Ir¢Jinirg that we ofF•r li curated
directly lknbei leedback.
We #riye ￿ build ¢ pwror
thul encompasst5 the r￿d5 of
bef5 al sloge5 of th￿r
oreers. h refleds the Ytsiyin
ol tho¢ we
r•presenl. the l•t9esi
Our Membef5 fepre5eni o d￿se
rotsge ol hetitoge ohd o)hwul
venu¥ throughtyJi the UK ¢nd
beyond. This rith OlMrnuniTy glves
CulNTul EnT•rpriw o ￿￿que offer
. tht Qpponun￿Y to d*velop and
leom throu￿ cultural Cf05S
pollSnalion. lknbtr5 ore oble t
nelwork al￿gsIde peers oulsidè
their u5voI sector. gaitlin9 voluob
inSigh15 ¢nd leornin9 ￿ drive
¢tyTthetCi¢l exrellen(e.
local venues- oll wothing io
we hove O Irvsted h)yol
oIFer gwd% seryw %uppw
io OJlbJtol *¢ioi. We volue the
experfvse ¥nd thul
these A5soo<J1•5 bring io wr
Methr& (￿r umwal (r￿ferer(e
ond Trtide is o ¢elebtOlityl
ol Our Trwkn5hip
<omin9
g•NifflÈ opptsthritiw ore
As cvr lknbers emwrgE th•
ptssi-p¢ndemK climtste. li been
4ncouroglng lo see lo
more live evtsn￿. lknnbtrs
conlinu• lo thow their 5UPPOrt for
us thr<Ju9h Omendor￿ ￿ther
as de￿Vate* speakers or hts￿L
CLI￿01 gro￿￿

(c¢)ntinued)
The ye¢r io Mor¢h 2023 Stsw O
stsody ond Positive Sntye¢se I
Ovetoll w•￿￿e1$hIP endir¥
the yeo¢ on ts ligure 01402.
¢¢mpriSillg 285 M•mb•rs ond 117
Associ*il•s. This rÈPre￿n1s on
iffl¢r*as• of 14.5% ￿ar on yeor.
Re￿nh<)n of thes¢ nÈw relat1￿75￿￿pS
wni be o key of c￿r slrtiie9y
grmng f(￿￿1rd.
Membership
inc.reased
on
dwing IFe yeoi wos exp(¥rti
pwftyThng arts seoor. Trrf￿gh
slrole9ic approach of fur9e￿d
comunicarioni even15 thE
<retsti¢￿ of o ￿lkI￿ we
This yetsi we t¢¢k the slgnlli¢Ont
slep of glrèamlining our
rnember5hip Off￿ by pho%iDg <yJt
r dd'Full Membef5hip'. ieploti
it wilh improved ollet irflvding
free o¢¢ÈSS to ottline A¢od•My
of tiuining wur5e4 okngyde ijyr
fv115uiie of resoui¢es ond iioinin
Iernbethp by 88%.
We will c¢JThtir￿ lo cr￿M
woys wt c¢xn grcw our Mbers
develop parMw5hips ¢md nKJke
cu￿ra1 Enterprnes o'rnusk huve.
rnernbeithip for oll ojllui
tUtil￿
It w¢% encwro9ing to mony
new Members joining Cultural
Emwprises for thè firs1 li￿* this
Year. Thi5 growth wo5 uchieved
through cullivoling rel¢ti<m￿h1ps Oi
Ir¢de f¢ilS. mark￿1n9 or
rd of m¢)vih reC¢)nT￿dQriQll￿

Cultural Enterprises
Conference
"The Conference is one of the best in the sector
and really does stimulate the Tnind to thinkbigger
and lookto sector partners for best practice.,
Lucy Chilion, Visitor Experitncemanoger,
Gloucester City Council
The Cvhvwql Enlewises
Cattl•￿￿¢* and Trpd• Shvw
I4￿k plort this year at
Harrogtsle Conv•nti•n C•rrtre
9.10 Mar¢h 2023.
ProgpJmme, thark5 lo tht suppoif
tsf the Noi￿￿￿1 Lotrery Hpiitruge
FL￿. This gave on ¢pportynity to
those thut would othtrwi5e fac
borr*i5 10 Ottendiry *¢
alon9 offld benefii ihe
learning opporlurHlies. qrowlng
*hEir knowledge and helpin9
sfWl9then the resilienc¢ of ihei
orgorA301ion
¥*..Mairi Auditoriu
We were delighted ts See QLY
delew￿* fi￿￿berS relvin to pr
C•vid levds with o lrn
¢Jn ?022 and o 20% wtose
Ahibitsr tyand& Chtr reach across
the secKY hus ako gr￿, wjth 198
ojhwal org￿l￿TIOnS represen
ra55 The ddegatei a I V/
Once agoin the leam delivered a
Climttte P•sfftlve eve￿t, certilied by
Earthlyi which ￿onI ihul ull
spÈcts of delivery
weie ¢or*fvlly Wnsidered vt every
stage. Wè a150 eng¢p*d Eurthly 1¢
fflarpagÈ our carbon olfsening.
The C(xbfererKe is delwed by Ihe
Asswthon 0kn95ide ifs Irodihg
yJbg010ry. This yeoi were ob
o+Fer e ￿971F￿¢￿t Bur￿rY

Cultural Enterprises
Conference (continued)
Thw Tf•d• Sh•w hpd
posihve •lnsosphere with
new suppliers joining US
ylong with $9 mgny gf gvr
¥oIL*d Associole Membef
on oddilionol spaca lo shrmcase
their prod￿1% and udding more
visuol ￿￿ter￿t lor ovr dele9Ute
Th* Trad¢ show wos piomtsted on
In5togr¢xn, iDueo%ing reooh by
26Vh dvring thi5 peritsd. with the
Desiytt Ntsti¢n wll)bototi¢n being
lop performing post.
9￿/0 of this
yeor's ottendees
50id they wou5d
recommend ihe
C¢)nference
WÈ a150 cdIabora￿d wnh D•s1gll
M*ii•n. nKhp
rnokers (y055 0 Yotitly OF ortiSI
dlsoplkne> This cdloboroiifyl Will
¢ty1hr￿ t• evdv< wd we wlll
io parl￿r with ￿mi10r
I￿1d curale a loryr
goll•ry w• fcrfward.
We have ambiliovs plans far
20?4. We will conTinue lo grow
exhibitor ThJrnber% back to pre-
Covid leve15 to oHer tsn
inntsvytive prvg¢e55ive
experien¢e exhibit¢rs ond
d&*gotes. basÈd on lèarnlngs
frorn LwJr dota feedback. We
Ore olie¥dy streon4ihing the
exhlbitor expeiitnce. trid w• w511
continw to curole the show lo
n5uie thol w• olway5 olfer our
d*￿gateS the be51 p0s￿ble ronge
f 5upplier5 to work wjth.
TrrrKI InSlylI￿1•Th wos
bi99er fo¢y* providity the
opP￿1￿11Y for exhibilor5 10
wbmit produ(t% thot interpre*ed
okng wjlh ￿5V￿1
boordk We fooJsed ￿ iwo <d
ies fty reioil o
settityl to *)wUJse kids. trendk
Ihs will be
ploAied in#•lloith wil￿fft ihe
Trod• Sho*. glwng our •xFdbiTor

Cultural Enterprises
Conference (continued)
w• *njvy4d Iho
opporlurlity lo ovi
ddegthtss tsttd exhibilor5 4Jl
o gveol TretwotkiTr9 even
retoil. ectsknr(*r<4 vtrue hir<
laadèrship. Yisllor experience ond
li(en5in9r with cleor them￿ of
inno¥¢tw ond
51j5t0￿abI1l•Y runnin9 thrtsvghwi.
Thi5 year tor th8 fir5ttvne th•
Wek(*me Diink5 wert witP¥
liade Sh(¥w Holl. trveosing
¢ppornAiitles lor de￿9)It$
¢Ahibtiors fo nei￿￿k.
Ba*d rffl fe•dba& plon lo
¢whr* with lornyyt ￿ 2024.
We wtyjld like ￿ thortk oll ov
sped(èrs for ihe high quolity DI
thÈir piesÈnlalions ond for being
so geffleroDs with their Ilme ond
expeiienc•, giving us inspififflg
tslk5 ond engpging panel %e55iQn%.
Speokeis <¢mÈ Ir<Jm o wide ron9e
vf organiso*iofis including (but nr*l
lirnited tol.. Co5tle Howard,
Nohonul Portroit GOI￿vy￿ Mu5*L
ol L<Jndon. Bokèr Ri¢horL4%
Notionol Theotre, Notional Tru51,
English Herilagetr Carloon Mv5wm,
6runel Na￿[ Xorn
55<xiol•¥ Art Pl￿%•, Royal
OpeTQ Htsu5e, SvpeT¢ooI, Kellle's
Yord. Fo5hi<yl feitile Mu5eLXn.
St Moly Red¢liHe, ItspoDE5e
ATrwiCOrt NoN¢knol MUSeL￿ ohd
The lowly_
The bwbfvl kwl Moll wos the
ver•Je for fwi Awah4s Dinner. o
Jgdy ￿j￿t&S￿l èvenl oJlfflinalin9
In o lot¢ ￿9hr di￿.
We torthnue ty devebp the
thrrt we are d¢lJvering timely ond
r￿￿¥0￿￿0nl0nI •¢ross oll
C¢Jff*Therrial adivities in S•£￿.
Thi5 year a wide rThngt of iopKs
wert covered i￿￿￿Thig (figilaL

Cultural
Enterprises
Awards
'It's a real pleasure and a privilege to judge such
inspirationalwork, and wonderful to see the
winners, reactions on the nightl 1>
- Amy Haigh, Commerciol Lead, MonchesterArt Gallery
O¥ei 140 enlties wete
WK•Iv￿ Ivr this y•or¥
Awards. ¢•lebratiny
(￿oI1VIty, innovatbon and
tsl•nl in oyv s•dw prro$s
prodvds, projeds and people.
OwtsrdEd ID &M Howard. a
ded￿ts￿ volunteer ot Ihe Biynel
MuseifflL C¢nFerence delegQtes
01￿ Yofftd for overall
Ihe People'5 O￿lC*
Aword. which went io the
Migrallon l••Jseurn For thdr
I￿grant hlak•rs Mark￿.
Thank as alwoys lo c
es￿rn￿ jLd9Bs th drew up
thorlthl ol thret •ach
ohd Fin
- rKhly deserved ond
P•ople's
hoice
r ttoptraes ot the fyferer
GO￿ Dvifw the speooojk
gJrrrwdin95 of the koyol Moll
lrKredlb￿ toknt and <r•otTvliY In
Ow
ThI￿r
Tr* finol this yeor WOS
re￿(￿ the fill Aword
tvr OunfandKn9 &ffjiri&Jrion,
of our wlgL¥ry CEO-
hft.. GrN

Award Winners
2023
BE51 LIC￿%￿ Pioducl
Notignul Trust x Mo5huhJ FO￿￿•ar
14lorsè Cod• Blankei
PK Por7ho)mD
Jes* Ran9•
Noh¢Jfflal Trwi x Sylvo St(¥45
I4￿10￿￿1 Trust
Supplier
Heritage Digital
•st Shop
The 8uriell Cr*llè¢tiOn
Glasgow Museums
Oe5t P¥tsli¢#ti¥n
Tokyo.. Phptawu
•st OThline Shop
SI￿P.5hak•SpE￿￿es9IQb*.cf￿n
Shoke5peure'S Gbbe
I•￿ChI￿1T•ft% PwWk•fi•
A ol tht w￿1￿ Its 25 Cittes
Jlll F¢mvi¢k Aword For
Owtstfjndiny C•filrilKrfio
Gill Htsword
Cr•ahv• Comm•w(•
Cr*Tre Clo5sKs &Jbsuipii¢Jn
Brili5h Li
test
i%IAg Slar
o S¢bc2ok
P￿PI•l Choic* Awonl
Migiunt Makeis Murket
migr01h￿l Muswm
Suthinobilrty Aw*l
Fon*ly Kifrhth) s￿
o¥ol Garder&XÈw

Events
Programme
'I found it really galvanising to speak to other people
who are championingwhat I do all day. It was amazing
to be able to take a day away from rny deskand think
morewidelyand strategically."
Ortline Mostercla55 Porticipont, 2022
Fr¢fft lop. Vijthil hlo¥f¥r(k
Talkiry Sh¢p Yttrw. Aty61e
In 2022-23 we devel•ped
hybiid Events Proytomme.
Wilh the mojoiity of even15
lokirw plq(e online ond q
small number onsite.
W•SPtsrtding t• ts cltar desir•
•rnofig members to starl
meeling in ￿15￿￿ g9Uin.
CoD*nl Vi5ityr
Aud*n¢e Dgto I
pr￿ Deyelopwt ond Vtr
< Cowing the breoth OF
Ctyhptshy. Be¢rnish Museum, LiY•
ThÈatrè Nèwcastl4 ShakÈ5peare
North ploykn￿, Nalional
LiYerptsDI, V&A East,
Historic Royal Palace5 ond L￿d(￿l
Transpoii MuseLTr. We have ¢lso
tropped ttE e4pETti5e of the
wider 5e(tor with SPEokerS Ir4im
BOP c￿￿j1*1￿0. Complete Works
Inlernoli<Jnal Visuol LTd affld
Indigo Lid a& well u5 Purtne
orgoniWtiOnS ihcluding ASV
ALVIK AVE& MA ¢nd AJP
In 2022-23 ￿ P￿d o lolal of 25
eni¥ is less than 2021-
22, h￿Ver engogepnenT
Mrtrev5ed by 14%. wilh 693
dde9oies ￿ lolol arKJ o
SiSlenl oveiall salisfottic
r¢J*n9 Qt over 96
WÈ ddiyer Onli
Musiwd•sses lexpert 1loiW-led
doys dèliYelin9 in-depth Warfflirrtj
f¢cuss•d w>icl as th• Zoorn
formut 15 50 ￿￿es￿b￿. Onyle
eve$￿ indud¢d View Il* Tty
leoders itt Ihe sett
thafirtg krt¢wW
Swthery frlth o wide
Y(Yiety of ¢JrgOMS¢ti¢xs ocr¢
the seC￿r indudin9 Bodlei¢n
iA)rorie¥ lkner Briloffi Pknewn.
botteryea Art5 6791
llvitraw Royal Shuke5p•ar•
As olway4 we are 9roteful t¢ ¢11
our sp•d(ets who 9ive Iheii lime
fieely 5hure their expertlse.
(￿d we ore Tno5t gruleful ￿ oll
delegOte$ their wihusiastic
poitiopth
sekne(l Takin9 5

Member
Resources
Trend Tteport
To4¢Jred ￿ iffldi¥ldu(tl Yewir¢ment&
Pr￿e￿I￿d ot c￿FerenCe
bmu9hi io lif¢ the Tiofid5'
In5tolkJTron, L¥Jr anwal Trend
ep¢xi fa¢th thgi
flwficè beh0vi￿r rmd
. gJgge5ts hDw fo Ilon5Iofe tre
ortl tolouf YOr*S
inlo prOd￿tt .
rqpori Mode ¢YOiloble
n￿berS at the Conferente
The wtb5ite w￿1 rernuin o key
tsl ¢yJr (Kbviry in hrturt. .
expand existing producls, Qs
well as rtew wodwt deYeloprn•nt
ond Ion9 r¢h¥¢ plvnnjngi with
tht uhimate of enobling 11
dienl t¢ ¢￿h￿￿e th￿r growih
hidependenily. We h¢pÈ gr&w '
s areo lo support other
Strunds of
Benchmurking
Our &enchmgrkin9 Report
WOS publi**d in Febryory 2023.
fÈofWing analysi5 of meft￿¢￿ dot¢
for thF financial ytai 2021-22. Th•
.pvipo* ol the wort is to collole
ecommerce-consullancy
The Associolion l¢vn¢hed on
u)fflsuItC￿Y 5ervKe in .
Morth 2023. The oim is to provide.:
¢pWrtV￿ty for those wvikin9 Ill.
gJPWling Culivral to
explore 5dutiDll5
t￿1￿ p￿ide a nEw
to how to
I￿rOvE un¥ eAitiiry rfflline thop
runge.
'¢reox-PlOviding figvie5 for
mEmberS lo <(xnpore their
.pertotrnorKe ogoittst. A huge thahk
you thE 73 or9Un15olions who
r+sp￿ded, 53 Ig5k yeoi.
Find Ihe Trend Repori
Benchma￿1n9 Reporl in ¢u
The sery￿e is OvOiloNe ￿ both
crmwoc4 Je¢•llS wpplier¥'

Mentoring
Providing o Ivee mulchirbg
Service lor Members, Ihe
Mentoving Progmmme
on+iThvg5 lo bv o ¥alugbl•
membership behelil for Six
mentees and six mentors.
Purh(ipoDI5 fvll doy ol
line tr¢jini￿ ￿KI￿ling o
tr¢dUd1￿ its fflEntOriry o
tho*¢hirtg sesyty
ore then given o Idl
doy of ¢ind rnenw a
holf day of and *i¢fvic•.
'It's been an enjoyable and rewarding
experience to be pait of this progtamme. I've had
the pleasure of working with an engaged and
brilliant mentee and as a fiist-time mentor I felt
prepared for the journey from the great training
provided. I'd definitely recommend takingpart."
Hllnnoh Oxley, HeÉtd of Retoil & ecommerce,
Royol BDraRic GarderJsKew
The 2022-23 Cohort
CFdpfO
r4ition¥lrbqErnori41 ￿f￿YEtVrn
York MIMI0
ArMYF￿ PAuS￿M
VtsIp5K*llenniyrnCenl
Fe51WIlFN
HÈadofRekl
ChiswKk Hou5p4nd¢ardw51wl
ManchigtéiArtGal•
h+knsÈ LondonirtdGallÈryc.i.c
Pts￿b￿￿￿r0Coa$iNl&OnaIPa
A5hmo*inW5eum
Held
dèfR

tBn
unoc
Cuhvrol ENte￿Il$t$
¢gmmuniwlion5 c•nlinue to
play ts key r•le ih Suppwling
thg sedvr, keepirby members
pr¢>ctic•s and Smovaflve reto11
ideak Our ￿￿￿b*r$ play a hv9e
port itl Ctrttribut*lg 1¢ the bloop
maklng 11 a r5ch, Vailed ond
protticd re50ur(e for other
mernbws tts lake ideo* fro￿
. 15 y we11*51oblIO￿ sourc•
of restyxtts ond with
Over svbscrib*rs lup 8%
yeor ￿ yetsrl. ¢nd c(xNsitrNy
9h op•n rat•5 of up io 30%.
WÈ hove s••n skeady growth on
ol this yeor. Wilh reovltsr
pos￿￿g thvJo9lng
Insiogr¢m profile ¥5$5ts hove grow
by ITQ% (and (yjr w¢h by o
I￿resSive 683%. ConT•nt
f¢*)Jsse5 mEmber s￿le& shops
¢xnd products but we olso wel￿•
POSIS Ihol COV•T othEr ar•as af
C(*ffjercial oc*iYjly.
Th• CL4lural En1t￿riStI
royers th• fvll spectrLTh of
r￿￿1 oclivilv*4 foCu￿n9
espeoolly ￿ proa*L4 od¥Ke ¢md
ueotiye vwir¢Jtityl. tr*
rnw p)pJor Or￿e$ ho¥e
od¥Ke w gJ#ohioble workknq

Museum
Shop Sunday
"We saw a big spike in online sales as a result of our
Museum Shop Sunday offer and loved being part of a
celebration of cultural retail on the social channels.
- Ldtsro Pryke, Kettle's Yard
Out campoigrb l•
highlight retail
spoaks iv ¢tsro valv•s
ond conlinves lo gather
mom•nlum Ihe s*dor.
for unique, dE5ign-led and
ethicolly s￿l¢*d gifts, ￿ wen os
th• deslre IQ suppwi smoll
Jshitsss and indepthideni
deggner rnokers. h o1$0
porliclponts o plotbirn t•
h5ghlighi th¢tr mllsbn ond volu•%
gogemem wos high through
the wmp(aigry wSth 0 55%
intseg5e In wique vj5jls IV
Cuhurul Enterpri5e5 web5i*e
r•cord-breaking email open ra
141%) click ral•%122Ofi1.
In5t¥J#rum w45 Ihe rn¢5t *u¢Ctsslul
5ocioI ch¢Thel with fantastic
coTrf•nf from participan
inveosed efflgpgemen? ond g
Iph r5se kn Fdlower
port ¢Jn SL￿¥ 27 No¥•mber
2022. ir￿lUding mor• 230 hi
Over 2.100
-hops worldwide
took port in
Musetvn Shop
Sundoy
relail M all type5 vf art4 heritage
portioponls if* 2022 ¥￿vded
na11c￿al porkk
&Aoy 1$ 0 greot
bthind prodfft hwJhri￿1
9ifts tyid boost CPrfr5MO5 sole> 11
It•5 tn perlethy whh the den￿nd

Chief Executive's Summary
A$ tho n•w CEO •1 Cvhvr•l
Entevpiise¥ it is a g•nuin•
pl•psvr• to r•viow thi$
r•port ond ¢el•bF¢rte th•
4¢hievemenl$ ol th•
Assoei•ti•h •¥ef th• lasl
F•nwkk. kn her
Over the laK 13 yeotk She
¥es o great lego¢y. Ihul I
reolly the
Orgoni5ution 15 thal Tr￿￿bershIP
wll trvly l)ectyY* o bvYrtÈ$5
for the Culwrol
5e(1or. of th•
fttrword will
b• onsurkng we have oll the
gh* bJild*ig in ploce
ptovide n￿be[S with
wppori thls memberthp
benefits thoi trdp ￿Jr SeC￿r to
<halleny
As trtll os
h￿ahlY ttytsfded trid
tyJr laurels bJt lo
puth out%elve5 lo dElww Ihe
<*liTr2 Acadry. lin d•f•rniwl
thul we will and
R•Aqthrq on IPSO
OIu51l'm pr￿d to YJY I￿￿1 wt
ore one OF ￿lY 43 Drg¢nbSOh(#lS
lo ochleve th14 owordl, 0$ wel os
our hjgely SLYC•S51ul evenli
pioqromm4 ￿ghlY r*gard•d
Conf•rMc• and Irad• Show,
èxpanding mwnber r•sourc•¥
pre5tigiou5 Aword5 and grr*WM
membetshim it is ¥eiy de¢Jr thtsi I
hvve token the rein5 yf o hme
when the ¢rWniWtio￿ 15 in fm
f•nle.
*MF*0. oheod, these
rarnin thalknglry for the
uhurol *clor, with the e¥qw.
frylgible btyiehts to the
s•clor thls thanthiging
lin lookity forward ts workin9
whh Whng to kn¢w 0$
Trrfmv wernbef5 0$ PQ55ible. ond I
hDP¢ Intend to meet rhor*y
y(w. either ui your or
oi C￿lur¢I btyprises eyenis in
tv)5iw Cr￿ ol Imng uiii4
pr*￿Vr￿ on
Anolyswty leedbo¢k ¢dloied thi
year. is d•ai th01
fflore 9Jpport ￿ Wp whh
G￿￿￿ thalour pr￿PaI amn is to
All thè v•ry be# for the rest Of
best Pr*icI￿• ￿ Ihe sqctor. il i
It is ther•fpr• •nly right tho*1
thunk my FxedeCe￿0r. Jlll
id•ai on o peer i• pwr
play a rol• in hdp

Treasurer's Report
Forlh• y•wending 31 Marth 2023
Whil# the yeoi
gnlflcont grwth Sn Otyl¥iiy
2021-22, fv slill proved dIff￿tt
for irading* producin9 a deficit
M￿rat￿ fr* I•￿bors1mp
conud•r thai Yaluat
reyesefits foir ulthi5 i
P5erve5 Policy
e*Tve5 ore held ts l￿d
wtsrktho ¢opi*oI. to Pmide
resoJr￿s for fvfvre ottwit￿￿ to
offstt ￿￿Seetsb￿ shorrfolls iti
io the
A￿1¢*￿*1 O9oln5t ynplomed
odver5e event> Tr* Trv5fe
hotre Ideniifled the blbwlng key
foC￿S Tn s•lling thè l•vd of
r•s•rv•s..
da+ttys ore three
Ilk￿ fotsirf¥ Rrdy the
£45.CKM) prepoyhw th lo
yeot's rel¢Mg 1(*<V¥S
for the ￿2?
uy¥olliSed this ¥eor. Swdly.
th￿* is as significant increos•
maffibersFips poid in ad¥anc•
lo a lurge of
Pknrch 2023. Thirdly.
the £IO.119 Corporofion Tox,
whKh poid by the Irodi
Icryany Ill￿ Yeor. will b• lully
r•CO¥wab￿ du• lo th• i•v•l of
s incwrod by the tradinq
paTry Y￿r. ThBr• ar•
of £97,662.
16% thE prev￿V5 year.
Our •vents pro9rammp show•d
good gruwlh fr¢xn tr* prev￿5
year bul thll remained
SiynifKu￿1IY Str￿t ¢f pr
pondernic level¥ The 2023
Confere￿e ond Tiad¢ Shaw
provéd io b• mor• sLKc•Jsfvl
with delegate runbets and
tiode 5tond% i(* pre-
PTOgre55 to be rrtode to re¢xh
S WOS dve i(* Cal knueose.
Tr* level of ¥dw5151y kn our
bose M 2021-22. Afmr
th* Trodmy SLPPOrt
Osty W*lS a vwy smal
tYerye¢s¢ in tolal SUPWf £0
ov•vall. th•se co
olfmg row by 3.vh
th* of dopthidwKy on
th• Conler•rKe ond Tradw
We ore groiefvl Crwr<ll
Englund loi th¥r ¢thffl
Supptyi. We would olso l*e to
odLnowledge th• £1 O.WO groit
from th¢ Nolioftal LoW•ry
H•ri*ag• FL￿d whKh gTeoMy
a￿￿%1¢d vur C￿ference bJ¥Stsfy
progi0rn￿.
¢yr ned io the
0rgonMtK￿'1 f*i¢Jnual
r•sille￿ Qnd rfjbuild our
of
CT•dilor
On tr* b0￿rfe sheei th¥e r5 07
vohJokn of U8,220
rdoiing to th• ￿¥•&1M•￿T
the retd to be better
prepored for 55gnlflcfyit.
W￿XP￿•d èw•nts tha* vJuld
have sub5tuntial detrimEnttsl
i￿9￿(15 Ihe Ass¢ciQti¢l
dlsappoknrirwa for th•
year, orgaN5alirAI refflain5
totol rewyes 01 £330787.
140A inEr•as• over prevKw5
7eor. Thi4 h#ether wTlh the
pr¢iett hos tsJtrtrttly be
ploced ￿ Wd. The Tr4u*es

Treasurer's Report (continued)
Forthe yqav•Trthng 31 I￿￿￿h 2023
order to Our need t
rneei •Jr rewyw poly
req￿reMeM5. We to
hold ￿J￿￿ent reserves other
dwgnot•d f￿dS s•f Wt above
to allow u5 lo respond ts riths
hd QPP¢rhJnilie5 Ihy arise.
Th• Asso¢iation n••ds li¢wid
fvnd5 lor w¢)rkiry capital
requiret11tr15 with
fluduOt5ons In kK(#Y*. lo oddress
th1% we ho¥e iokw two ts three
momhs of oyralkng •xp•ndilur•
to ErEQte ts t¢Jrgel range É¢r
of fréè rowves. Bas￿
curr•Dt eApenditur• this
meoN we reed I)etWe￿ £13C*
ond £195k in free rew¥es.
Gi¥•n tha* w• had c<Jffffl•nryd
thE ye¢f with £74k and we
pro[ec￿d fv)rther ltss*s in ￿23-
24, th• Twstees rnode the
dec]3i0n to tron5fer fufflds from
th• de￿gnat￿ fvnds into
ener•l lthds. £20C*
therÈfoie re1Èts5td from the
EmwgeNy Rewv•ry Fwd inlo
G•￿ra1 Fundi for th purpw.
ti. C•nleven¢e Tffjd¢ Sh•w
The tsfer￿e tsnd Trode SFth
moke up U liynifiU%rt aTh*wof
well and rt￿re is
r5sk Of Irr¢u>￿ob1￿ eAporditur•
in the eventol
£l(X)k ￿ this fund12021..
£I(YYAI which will b• uF•d to
fvnd ¢¥ LThlerwthe (￿Y fv￿r•
i¥. Pttptyriry hf trdy¢￿e evetyts
W• Qyde £21￿￿ for on
IXI21: £6C*I ￿ Fdd for
hTre tsf higher rewvts in IhE
ofverfflath of the
andemi We huv• f￿d tha
the ¢￿Te tffeth of th•
Pond￿￿h￿*t possed. Suwe
asp•cts of Caw ¢>tti¥tiY ho%*
iii. De¥•lopffl•nlplons ond
Inrrea5*Tha supporl for
*mbership
lffl order f¢r the Asstiooll¢￿ to
muinTahn ¢ffeoit s¢r¥ices f¢1
rfferty* ITr this p￿I.Punde￿*r
world. ts a
to the deflot we ho
seen nl 2022.23 htss
t¢ o redLKed W vf gwwal
Ther•f￿ this d•5igTrai•d
knd ha5 b•w rdeased bo& to
Mral ITr 2022.23.
Hnondol Iwido￿. The Ttus*es
rwe th eApltye woys to
rnsiliwKe. The Assooal

Objects and Public Benefit
The ASS￿lati￿ for CulTural
EDleTpfi5e5 15 a charity
P5tobli5hpd ty deliver wbli
benelit ihi¢u#h the of
XtèlI￿C￿ in t￿1￿101 irodkns
which (￿rribU1@S lo th•
l. To provide •dUEaliC￿ and
tra￿￿fj fvr oll its W￿berS
¢Jrd pJblK
irt the oThd
herilage s•o0r.
The ￿orIty call upon
<￿￿derable vf expEni%e
vio 115 Try5tee& enteinul
experfs the 9w¢I
membership. All are
ncouraged To take advonla
VF thi5 eAperti5e viu formol
IroAIHI9 ond ￿lIne icpf*la 0$ wem
05 nefworks conlacli
faclita¥ed by thartiy's
Othèr l•arnin9 and dvehpmenl
opportunities ￿dUde..
Network￿9 at eyenls
Tolking F¢rum5
Re%>uice LibTury induding
model contitscts. podc¢sts.
blo9 and 8eKhmorking
repor
¢uliurol instiiuli¢ns ¢cross the UL
sec￿ the l>enefii of the
public by a&￿sling wdl￿ar¥
orgoiNJtlLW5 charih•5
to rnaAimi5e ￿1r reVer￿e by
pro¥idiDg u forlm for
5harin9 mfornyJ1￿ QDd
In plonDing and overseeing th•
ASS￿l0*￿￿'S orhYitie5 lor the
year, the Trustee5 have gbven
duE con%ider¢Jtion ty IhE
guidonce pvbli5hed by Ihe
Chtsrily C¢rrkni55i￿ reluling to
public be￿¢111. The irusiee5 htsve
¢tylSidefed the ¢hority's
OCllvlllt5 ¢¢jnlrib￿le fo our oim5
and ob￿11¥•5 ar• ￿lisfi
tho1 the Ass¢¢itstitrl is delwerity
benelits lo the rJHturol
h*rifOge se¢knr [15 rne
organisations.
Cultural Enterprise5 Award
Forffjol
rwo bufSOfy plo¢tt ¢fe
¢YOiloble oi etsch event
d ¢yhe Ot e¢ch on ssie even
ihe yeor. <over￿9 ihe
cost of tht ddegafft ftt. Thes•
are I￿lted tro one delegote per
bv or#¢rtl50ti¢n. Additi¢nol
bvrsorie5 ort ovoil¢ble for the
annual Conf•ranc•.
Ath¥itiesfvAthie¥in9
Obj•th￿S
Thè AssoualKffj Pr￿1(1*%
and to its
O wide rts￿ tsf
C<*Mwoo1 ¢divil*S li￿1￿
wblithSn• licen>￿ WAJe hire.
film IcK¢ti¢x)% r•¢il ond
olÈrin91 hÈlps n
fo Moxim￿e seW.9￿lated
Masfértkis￿ defi¥¢red by
expert Irainer
Peer to peer Shjdy Doys
Over￿ a wide ioige of
Ceriif*d CtyJises deliYer¢d
through ¢>4¥* Acoderny
Th• ¢Yrnol CfAifweKè..
The As￿￿1￿*￿￿'& choritab
WIPQR5 ure port ol the
chority'5 objeth 5tuled in rfs
Article5 of A550u¢Jlion..

Objects and Public Benefit
(continu￿)
M¢mb•vihip
Membership 15 5ubj•ci the
¢rilEriQ S•t in the Qotity's
Articl•s of A5SOO•tw. BoTh
Membe15 and Associvle5 are
woirnly eDcouroged ￿ atre￿d
events theeting% bvl volitlg 15
c¢hstitytion¢lly oll¢wed only to
Mefftbor orgoniS¢h￿S ihrough
their naminatèd rèpresenialiym.
hwol f
Priva￿ wofit and any C¢￿t￿oI
¢￿PU￿1ES. lirm oi individuoh
thol Svppori Asso0￿￿￿7.$
ork. Non-profit, cUl￿ra1
Orguni%o*KYF5 UK
re u150 We￿￿ ty loin as
FUndraI￿n9
The Assotialth by the
subxiip7i￿s of ils TrwbEV¥
payrnents for edu¢OtiOn uthviliEs
und wofits from Cuhural
En￿p[l$￿5 ITradirtgI bmiled. We
ore u15Q SUPWTed by Ans
c¢￿ntil &9l¢hd_ Wt ￿)1
derlL*e any fundia1￿ry (￿l¥￿ty
Frorn the gwol wbfK (aid 0$
such w• ar• not subscribed Its )
Part￿￿10r of
rewJlation.
Membership is open lo any
uhurol OrgQlli5olion thoi
esioblishèd for pvbli< benÈPii ond
herwiw ryffl f¢r profil. &xh
or9oniS¢ti￿S ifKlude rnu5eurn
galler￿5, libroiiq5 and tsrchiv*
hisloric build*igs affld h￿5•￿
Indvding iellg1L￿s build￿9¥
hiSl¢ri¢ gordertk
lknbership Is optr io ony UK
20

Structure. Governance and Management
Conslbtution
The Charliy s c¢￿*$￿ .
of o Memorondwn ond Arthyes"
of A55¢XigtiryL These were
5vb5equen*ly urnended ond
COD501idaied In￿ o Single set of
Aiikies af AssociQlion. Cuhuwtsl
Enierpii£es ITrtsdin91 Limited
ICETI is Q trtsding Subsidiary
compony of the Chority
esroblishEd by the Tfu5tee5 ih.
2013 In order for the Churity to
expand its attivfties CaFry
them txrt rnore profiiubly wth
leys risk. CET'S athvi*es camprise
principolly the Masierclosses
gnd Conlerence. wlth any net
operating proflis bein9 donoted
to the Chorily unde¢ Gif* Aid.
The resulis of the comparny
In¢￿ded wthin the Thtsrity.
COnS<>lidatsd aCcOL￿1￿.
recruitrqd by th• mans of
5erriw poy *rfhAI the
Association is o rnan¢r tor th•
Fina￿& and Adrnini5trah
Cornrnittse. knrfial salari•5 ur•
OryaniMti•n
The Trvsie•s delegme the
(hcrity s day to day work gnd
irnpLgrnen*ation of slrat•9y to
the Chi*f Exeartive who is u fiAI
liD￿ employee of the Charity
ond Monopin9 Dlrethor of ihe
trOd￿g ¢ompony. There ore
seven fvrrt*r empbyee5.
websits em¢)il brOtsd¢￿t
IMei¥iewed by o P￿e1 of
Trustees expert tsdvi5*ws for
suilqbility.
th• Th&?f Exeartive ond
An grwol review ol
salaries ￿ lmthrtaken by
finorKe ond Adrninistrafv
Clyrnnit￿e whKh lake5 into
a(COLntr p•rformgrK¢. rnorkel
raTre5 for similor pwtipn5 and
E prevailiry rale of Nrflal?D
All Trwt•q5 or• wrforrnqd of
th•ir hgal r•¥bwbilities lo I
Charity and of governaK•
woctdures generauy. Futhr
tr0th1g is giveii l¢J nEw
OPPO1Trlm￿. Following
TroiniThJ ctyJr5es ore delivered
*ither by staff frorn rnefflber
orgaTh5ation5 giv￿9 their lirne
free ￿ charge. or by industry
profe55*Dnu15 conlraded to the
Ass￿lal￿Jn or CET. Accounta
5UPPOrt 15 provided to both rt
A$￿￿1atiOn and CET by Sondra
Silk Eookkeepiro. Secretarial
oTrd legcl 5UPPOrt is provided
by Bot•s Well
eastr sts1tsri*5 afwpJully.
Artic￿ of Assotsth(* ￿ the
2018 AGM. the Chority ¥
OPPOinl UP 10 Iwo irtdepts￿e
perforrngrKe rekned poy
membetlhip. tts its bDtsrd.
re¢eive reff•jfterthK￿ frff their
roles as Tritstees of the
Asso¢iOhC*L The #tsff teorn is
soloried ond empk*yed by the
thorily. The A$￿￿011¢n
pbyees ore olso empbyees
Key Managemenl hvsonn•r
Alwside the Trusree4 011
members of sralf ore w￿deWed
key mon¢Jgement perstyyel
given the aJrre￿ SCO￿ of the
CThoriiyS operotiw This
choThJe if chority grows ond
will be reviewed tyf*Jo11y.
Appoihlm*Nt ol TN*t••S
All Trustees Qre required to h¢wt
one ¢f more tsl the skAk
re9uired tts gtsvern.
eer the Chtsrity efft<tively.
Prospethve Tru5tree5 art

Statement of Trustees. Responsibilities
The Tru5tee5 I¥tho aro a
di<eCIOrS of the A$5ocia*rATr for
Cvliviol Enterprlses lor th
pvrposes of ¢¢)mpL¥)y lowl tsre
responslble for preporiNJ th•
Trv51ees' Report ond the
finonaol #oiefflents in
occordonce with opplKtsble low
ond UK Accounting S￿nd¢)￿d5
Iunited Kingdorn Generolly
Accgp*•d A<￿4￿1￿g Pr(Krfcel.
In pr¢paviThJ linrwal
The Try5*w ore r¢SpThi￿b￿ for
Apprwed by Trustees on
09/11123 ond %gn•d on their
behuL* by..
r•quired tr.
seled ￿tt￿bIt <KC¢YJntHwJ
p￿￿0$ afKI opply thern
con5islentlyi
obs*rv• method* l¥KI
principlqs ￿ the Cthariti
r•c*xds that ore yJfficient to
thow and trxpla￿ tht churitablp
ryxnpaThy ryKI the gTCUP'
. tr*insaclir*u t¥￿ disdas¢ with
rea5￿able ac<uraEy al any tirn•
. the f*￿r(la1 p05thcffl of the
Cl￿ritable group awd
Ihem to c1￿￿r¢ Ihut the f￿ar￿1a1
stti1en￿ts uJmply the
Componies Att 2006. They ore
01￿ respmsible for
fegvordirKJ the 055ets of the
d￿rtiab￿ mmpoThy and th
group aTrd he￿ for taki
rea5Lwbh ￿•Pl for the
pre¥eMiL￿ delethe￿ of '
froud ond other irT*gdarili*5.
CqMliThe Blown
Choir. fow Cullurol
bfterprises
SORP..
moke IL￿geM*￿￿ ts¥J
QCC4Xmling e￿i￿aleS ore
and pruden*..
slat• whethev applicablo UK
A(countiry slar￿ards huva
been fr>llowed. wbjÈ(r tc* ony
moftrial depurtures di*kned
and in the
I￿a￿al ￿aterne￿￿.
prepure fin(wal
the golThg
corK•rn bo95 ￿1•5$ it
Th?ppioy*litsl* Ic* Pr•SL￿
thttr tho d￿r￿ubl+ wdl
Compony law r¢quires the
Trustees *0 prepar* finoncial
51alempnts lor eoch tinancigl
yetsr. Under copnpony law Ihe
Tru#ees rnu5t not opprove the
flnonclal stotemerfs t￿Y
re *4ti5fied that they give
Irue and fair view of th• sla*•
of alfairs of <horsiob
cgmpony ond the group and of
the iniorniTrg resources and
uppliCQ*on of rekwrc•
including the income <md
expenditvr¢, of the chgritob
group for tho* p•riod.
r•port hos been PTeparnd
a<coidaice *ith the speual
prOYiSiOtyS for 5muII cfxhptsr*es
der Port 15 of C¢mptsnies
Aa 2C¥)6.

References and Administrative Details
Fpr Cullyrql
C¢mp)ny regisiered 06480720
Trp•slees
Cotdif* 8rt)wrt ICJOYJ
Creutive Develowent MarvJ9Er
Jo atirkson
DirettoT of Divittsl
Kori Co9hill
I￿%$ De¥elopTrÈnl Manoger IrÈsigned Sep 20231
Gobrdu G￿d￿l￿
lef Executive (re￿g￿&d Stp 2023)
O*iS G4lberl
Adfflini5trgtot
Matthew Menderson
ChiÈf EAeoJtive {ti¢whted Sep 20231
Zok tkn5(th
FKrfthualo O'Danovan Head of Event5
Mwuilto
LKY Ree5-Harri
Membership m1￿7a9er
KiDg5fon My￿5
Derek &nith
ance Marbagtr
tkn¢on &knith [rpyTrJNav 2022) Jowutwonh
con￿￿￿1(a￿0r￿ & t•*dia Manayr
Rod Toybr
loin
Lowo Wright
M•n¢Jptmeni Teum
Pi Anders
Dykes
D•Ji Evangdidfjs
Jill FenwKk
Juli0 HepO1
kEgtStered Olfi¢• Prirt¢ipo1
Tiodir*9 Ollic•
Unli B7, ￿lharn DalÈs Conlr*
Castle Garde￿4 StonhopE
6i5hop AU¢klu￿￿ OLI 3 2FI
S¢li(k•t tynd C•mwany Se<iel#ry
BotP5 Wells
LLP
10 Street Ploce
EC4R I bE
Risk Commil
CaroliDe Br¢y*Tr
)0 Ooik
Jill (rtstprtd W 2023)
GOrdC￿ Morrison loppwled S•p 2023)
Kirs51(￿ Mylos
Philip
All•) Syk
5 Henson Close
South ch￿￿h Enterprise Park
Bishop Aucklond DL14 OWA
Uhjty Tru# Sank
Ploneitsry
Will¥tholl WVI gDG

Independent Examiner's Report
I repoit Its Ihe irvSteeS
èxamination of Iinontiol
%toterneDt5 of the Ass4xialion f
Cultur¢l btttrpri5e51.tt￿ ')
lor Ih¢ yeuy ended 31 Moi<h
2023.
tstsli¢5 Att 201 1 201 1
A¢i'i. kn <oiryity
jrt ts UK RepublK of
kept ￿ ie5pett of th• chorily 01
required by setsw 386 Ihe
2006 Aci.. or
Oiretsiw5 grwen by the Chafily
undw 5ethon
14515Mbl ol 1tr* 2011 A¢*.
I huve no ￿nc*M5 ond have
c¢*me ¢CrtsSS no trther fflotler5 In
CC￿ne￿I￿)ft with the exominytio
lo which allenlion tho￿ld
this rèporl in older lo
proper underslondin9
f the oct(*JD15 tro be reuched.
?. fin￿￿1￿1 st¢J*ernMs do
(¥c¢¢xd I1￿)5e r￿OrdS.. L¥
RtSP•nSibllilies 0051$ •t
R•ptsrt
As Ihe Irus￿e$ of the ¢¢thp¢rty
land algo ils dirwr*iS for the
purPo￿S of company lowl y
are reS￿￿ble for the
Indpppndent
3. the fir￿￿￿71 stoiewts do
)1 ￿lY with the occtiinfirq
requiiemEDI5 of 5•tti¢n 396 of
the 2C¥)6 othEr any
Sir*e ts ¢hority'5 91055
eA¢eeded £250.(M)) y(wr
¢x(IminÈt be of
o body listed ¥7 5eow 145 (*f
2011 Act. l u>nfirm thot I
qualified lo wderloke th•
eAomin￿th bttuu5p I om
rneffjbei of the knslilyie of
Chorwed A{coL￿a￿lS 1
England and wa￿ IUEWJ.
which 15 of the fI51ed bod￿￿
9it 0'trn* Lknd Ioir view whKh
Is nol a moner ￿￿dered u5
parl of affl indowndÈni
Siyd..
requirémÉnls of
Compots*s A¢1 2006 I'thE 2006
thp f￿(Ma1
¢￿[ been wopored hi
Ho¥5n9 SO￿3f￿a myself th¢t the
occounts of the company arè
required lo bo oudited ynder
Pair 16 of ihe 2000 AO ond ole
eli9ib1e lor independ￿1
exa￿l￿all0￿, I rèporl in rosp¢
of my •xarninaIi￿ of the
horily's olcaL￿tt qs cgr11￿ wt
under 58clhThl 145 of the
I have comp￿￿d my
ond prirtipkn of Ihtr Stgternenl
of le[￿Th￿￿ed Praclice for
ounting and reporting by
harilie5 ap￿￿abl• lo chorilh
prEpuring thwr accowts in
(Cordo￿ with the F￿On￿OI
Stundord appI￿ab
Mr P W Lomb FCA
Ihdependent Exorn￿er
Allen Sykes Liffllled
5 Henson Close
Bithop Authlohd
DLI 4 6WA
malt•rs hoyè t¢JmÈ lts thy
otienli<Jn in with tr*
ex¢rninotithi givAIg rne <CTJse to

Consolidated Statement of Financial Activities
In¢lvding irKom• and expendrfvr• or(ounl
F(*r Iho yegv •ndin9 31 Mai¢h 2023
OOJ95
271￿4.3
130.074
lo2￿35
OOJ95
211￿3
136.074
2&3￿5
53J)44
edvr¢tlord oth¥h*s
Tradry
12J
??OXb3
304.789
473.94
304289
473.941
?79￿30
391Tr9
Tolul
Tol&l t￿id$b￿h￿lO￿*x￿d
A3dA49
431.B71
All odivthe5 relote lo cwlKrtJiTr9 0pefatlc￿S.
The notes on poges 28 to 35 form port ol these
3161

Statement of Financial Position
For lh• y•ttv •Trdifi¥ 31 Marth 2023
io
51,353
38A99
113J
53
38
￿an￿oI ho￿ been prepafed in ￿COrd￿NE* with th•
spetsol provIsl￿9 ft*1 %moII Cfjrnpanles under Port 15 of tha Cornpani¢5
2000.The Tru#ees cor¢ider.thol the cornpany is •nti*led to
•xernpfion frorn th• r*qiNrement to have uudit under the provisions
of 5echon 477 of the Componies A<t 2006 (kne Att'l and rnembers
hove rv)t required the compony io obioln on <wdit for the year in
gL*Sh¢n in 4x¢orduKe with sedioD 476 of th* Ad. The Tru518es
ackr•>W￿ae thwr respwityili*e5 for cr4nplying with th* rEquIre￿ntS
of ￿PanIeS Act 2006 with ¥•spec* to accoLYthng r•cords and the
pr•porohan pf knanriol s*at•ment
D•b￿S
Cathaibank &
81191
93.93A
410
54.924
352
?5
49
272
346
38
year
39
3¢$950
3$?
. The f￿ar001 5tgteffl￿ts were
and 5iyd on Iheir b•haW by..
Corolw* Brow￿ Choir. Auocioiion for CuknJr¢l Enterpr15e
c(ry{￿ rryi5t*r•d 06480726.
ythpT
.111/2oir
291
357
Chth luftds
ilrrtel￿￿yed
434
357
T*1 l¥nds
336
431
291
Th• nptr•s LXI PW5 28 to 35 ftsTm part of these I￿ntial *iiremen
26

Statement of Cash Flows
Forth• ywr•ndin9 31 2023
r42.I3B)
61.1
tum¥ pvld
IlQ2.33
Paym2nlilo DEqL4ro
11SJPn (37
•qL4¥lllth
?JJ45
41q231 JBdO0
Thefftote5 frf* pow 28 tr* 35 fvm port of these lkn(wul stownts

Notes to Financial Statements
Forlh y•argndin• 31 hl4rth 2023
¢Ji rt<apt. d￿OrEd professional
servkes ond a¢￿11*d focilitie5 art
reCogni￿d on th• basis d the
volue of gift kn th• cory>ony
is the ornwni the CLYnpany
would hov• b•qn wllllno io poy t•
obt¢Jin serviQ5 or focilities of
e¢ts)OThi¢ ￿EtIt OTr Th•
open rnork¢f,. o ￿rreS￿dIn9
an￿nI is recognised in
exwdltvr¢ In the perlod of
rec•ipi.
>diOfy Ore <tyN>fidotsd
by bos
Th• Ilnon¢Sol slotrem￿ ho¥e
been pr•par•d in a(￿rdanc• with
A{c￿￿ttl￿g Repormg by
Chorltlw.. 510iehW of
Recorr*Thnd•d Prochce applicabl•
Its ¢horilies preparirtg
QC<¢unis in Oc¢ordon￿ with the
Fin¢nuol Repothg Si¢ndord
opp1S¢ob￿ in the UK and Repth)I
of Irdond IFRS 1021 IChpriti•5
SORP IFRS 10211 (xnd th¢
Compan￿1 A• 2006.
by Il* ctympotty fDr portulur
PO￿ The ¢OSfsoI roiyng oThd
wch knds are
<horged ogo*tstlhe speofic
The vse of eoth
[L￿d 15 sel in th• foth•
emr￿OI R•￿rItted
reserves 45 th 31 Murch 2023= £0
131 lknrth 2022.. £01.
1.2 C•mp•ny St•￿5
The thariiy 15 0 pA)li¢ bwefit
entity prw*il•
by guarante* regi5kewed"
91ond WI)￿ o
regis￿ed <horit¥ ￿ Engtotsd l￿d
Wole% The o( the
compony ar¢ the
pay 23. In of
ompony bew the
liability ￿ re5petrof
(tr￿1¢* is llliutsd *0 £1 p
IA knrom•
The Charity v5es Vol￿tarY
speok*r5 as well us extra
1Sme ortd dtse5 te¢oyniS& thi5
i•rvK¢ ?5 o glfi sn kknd.
ompany has onliikrneni t(* the
0￿, it probabh thai th•
received and
The As¥xi¢ti￿ fw Cul￿101
Ent•rpris¢5 meeB ih• dofir11ic￿ ol
o public beneAt enttiy FRS
102. Asws ond 1Sobiliti•s ale
injtiolly iecogni5ed 01 hislorkol
Ctssl Or Iran5achon Yalue LV)
oth•rwiw stat•d in the r•knant
acco￿1[￿9 poly.
be r*eogMed idiobl¥.
l.$ Exp•rfiluw•
Ewtrditure is rttVgTr￿ed onc•
thBre 55 0 legal or W51ruthve
¢bllgabon t• tronsfer
btr*fit Its o porty. il 15
pl•bob￿ Ihoi o tr￿sfer of
benefrfs wlll be required
li and the ¢rn¢urf of
the obl59oii￿ con be rneo%ured
rd5obly. is cloisified
l￿di whKh ore Ov¥JilOb￿ for use
atr the of IFe T￿￿*••1.
rectyniwd wlw Ihe ctyrpwy hu5
obp¢hYes tsf <ompffj ofyd
The Stuiqrnèrrt ol FthiffiLi¥Jl
¢h rw)t been de￿￿￿ed
Athwti•s ISOFAI and Stotqrrmfflt ol kn Oll*r
FinrJncial PasitifAI c(￿s¢)11d0te th•
finonaal skatwnerns <>f
(harity and 115 wbsidiary
tre w of th• cwy of Tho ikn
IS F￿b￿• and thoie¢uKAr
be meo$u￿ relSobly.
Rt51rided knds ar• ILnds which

Notes to Financial Statements
Forth• y•ar •Trdinq 31 Marth W23
by QO5¥ity. Th• ¢D5ts of eo<h
ottiyity ore mode up OF the fotsl
of direct <0#5 ond shored co
1.9 fix￿
ndividua1 fixed oss¢ts ¢Mting
£230 or more are copitolSsed (ai
CO51 and ar• d•w•clai￿ o¥er
th•ir e5timthed useful econtsmic
li￿% on g ttrpight li￿ boSi5 05
fdlows..
ortd
and sfvhrtory re4L¥iernnl
bo￿5 be l￿d M th•
Pdici•L
undert¢king eo<h 001￿1¥. DSrtti
Costs QMrSbvioble ￿ 0 5Sng
ore 0llcrta￿d dStettly fo
Ihal ac15¥ily. shar￿ cosls
coitribute to rn￿re than cnE
athvity and Supp¢ri ¢oSl%
re rt¢l Offtiknoble to ¢J >twle
OtytvSiy ore opportkffjed beiween
thos• octivili•s a bosi
COn5151qnt with th use ol
resourc￿ C•niral slafF cosls ar•
ollxat•d eguclly b•Thween th•
arity and ccfflp¢xry.
CJovern¢rKe cast5 ore
Kurred orb the <hoirfy'5
The hiorod
nd co￿% r￿￿71￿ To the
governoKe ot Ihe
artiy aTrd al OF ifs yJb*diQry
lkne Dwr yeor>
The Chorily hos iokth oO¥Orttroge
of tho co￿0￿ned
clicffj 408 of C&MpOn￿
1.10 De&0f5
Trade aDd ts11￿ d¢blOrS ort
recognSsed ¢t the stherneni
orbKWi ofter ony tiode diS¢(thr
oHered. Prepoyty*hts ore valued
ot the (4moLmi piepoid Of ony
trode dlsctyfft ¢4
lrt wepority Ats￿J1 Re
TrUS1e￿ ho
defiui for IhE yeor ITr the
t¢SlS ¢)re
illojrred seeking ¥dtht¢Jry
c￿1￿￿1￿￿$ ond do irfhJde
the of dlss¢rnknoihig
infornofb￿ in wppori of th•
chorituble ¢xliYiliek &Jpport t•515
Ore C￿1$ if*urrtd dirttrty
suppoit of exp•idiwre <An the
Qbjefft of the uxnpony ond
I￿Ude projett monogenw.
G¢vernonre Costs ore
Inujrred in C￿etti¢￿ With
IO o period of
st 12 dL)tso1
opprovol of thes¢ fin¢wwl
sla*•rnnls and ￿71 ccffjhnu•to
et 115 S￿bill￿e￿ fall
£65*2712022.. £74.781 d•fid*l.
1.1 I tash *lt hank and in I￿nd
Cash a* bar& and hand
irtdvdts <osh shori term
hI￿lY 15wSd In￿5￿￿nIS wSth 0
thtsrt miiiwITy OF thre¢ months or
5s from th• dal• of acquisithn
r opening of the depD5i1 or
5inilar
ert5t knd5 hdd dyut
reoched this b05ed
the 0¥0#ob￿ rweryes os oi the
end ol the yeor. l&dy
nd reve￿J￿ OF yeor.
Fvrthw detalls r•gardM￿ th•
r•liably by the ￿pOny.-
nrprrnoly the
Interw Poid w pO¥ob￿ by the

Notes to Financial Statements
Forth• y•ar •Thlino JI ￿ll￿h 2023
1.13
toyther wlth pasl
experien￿ ond •xp•dahon5 Qt
uob51i1￿S ore re¢¢gnised when
Iher* 13 on obllgth¢Tr oi tr¢
6olan• ￿et 0$ a resuh ol
O Fa51 event, it ￿ probabletha* c
tronsfei of benefil will
be r•quir•d in sothemwt. and th
M￿n1￿f thE letheffleni be
esiTrn¢ted Ydiobly. ore
r•cogniséd at the omwi that th*
antiupot•5 it will puy to
Settle the ¢lqbt or th• ITr
h05 recei￿1 as odvanod
poyftws for goods or
servic•s it rnusi provSd¢. Pro4Nor
re measured at bt51
estimotè ot the reqL¥r¢d
tro xltl• the obligation. Wh•r•
Ihe eflett of thp
m¢ney Is moterSal, Pr￿S1On Is
b¢sed ￿ the pr*5en* YO1￿ of
th0￿ omount4 diSt￿n￿d
pr•ox diX¢Wi rtht thot refieos
the risks SPKilkto the liobility.
The unwlnding of the d￿¢￿1 Is
r¢cogn55ed wlthln interest
poyub￿ ond sknilor Chorge
The <(ry(xny tyily hos
eB fin¢wol l￿bIlItieS OF
¢ khid guolify os b05k
be w$wob￿￿￿(j￿r the
AchJoI regAts
hJhJre cwld dthr frcffl
Insltlw￿ ¢Jre wmhaly
r¢wgrM4ed lil trans￿￿￿
exwtw of
t to bE fflat•rial
inl•r•5T rnell
judg•rn•nts k•y
•slIn￿li0￿ uM•rtainty
In prepoiiTrg thÈ fin¢wol
1.15 l•tir•m•nl
<horyd 05 they
re￿￿ed to moke e#Aiwes ¢
a5ympli￿s ¥Jff¢ct
ossei4 liotslii*S (f￿v￿•01
0$5ets tsid liobilrt
U* ol Qvoi1oWe

Notes to Financial Statements
For lh• y•llr •ndiTr9 31 Iparth 2023
2. M¢mbtrship5 Gr¢Jnls
2022
Fullrn¢thrthys
oJpJ
53M4
262.6ts
224303
95
GrqM5IAphCthYd
Gr
201W 201.613
435
i2725*
211 643 391 e48
5. InvtSlrr*nts
3. Ed￿(all¢inal Activ￿1￿$
35.96S
gffi5&
T4
12$4
X22
la&074
103.264
.144
?95635
2B7
450
22
Thè chorby lo thÈ whts thtir
*ÈrvKè5 *nd IDr Iree ow lllr

Notes to Financial Statements
F•r•h• Y￿r•n￿￿8 31 lA0￿h 2023
7. Direct ¢0515
14.?25
15AJI
94J 67.336
3.147
B.943
prof￿￿ f
141?4
t&i24
264
Vg3
I i JSJ
14.92P
495
7$
SJ57
5323
4.958
4495•
SA57
5n3
i?io
IFP27
5216
Miij
Im3
2JiO
17J¥J
iBd.ii
15
J6s
16767
13
4013
$2
295
30
295

Notes to Financial Statements
For ihe ymr •ndiThg 31 Matth 2023
9. StqFf C051s
IQ Tangibl• Ftx•d Assets-Gmvp & Ch•rity
Gmup
Wv9¢56
lei.199
IOJO7
181.e07
Isj
IW2022
As￿2
15.399
4a002
15.319
At31 l•xoth2023
y•oi frAk>￿.
Iq3U3
2J45
45
2.$45
2.545
31
939
*J31
SIA5J
5l25J
iJJ
279
£éO.¢K¥J*£64.999
I l. D•blors
thÈ tthttl [1*5 of UOX979.
26.2n
24164
10*56
2AM$3
No or T￿1￿¥. ¥ffj5wMI LY dÈÈrtd wy¢b
273
27J98
6.482
273
2?.7P8
440
74

Notes to Financial Statements
F•1 th• y•or •ndlThg 31
12. Cvedi1015.. Affloufit5 FalliTrB DL*P Wfjlhin Ye•t
14. Al￿￿¥5￿5 01 N•t A55•t5 Fund5
T￿￿eCTed￿j
13.b61
4282
49.Q56
14438
8￿33
2.9S3
?5J&5
1350
3BJ9
$04.145
374368
188.934J
374.36B
88.P341
0th2rcr•dlifrts
2.953
33.10
2.gJD
l J53
35J14
1250
A2￿70
22167
336
33é
43
54
13. Summary OF F￿nd
3.124
340.74&
150J17)
3.124
34é.7
4.2BO
407.549
74349
949
7WII
i?6rn
15. Relllled Party Transa¢ti0fiS
TOTAL

Notes to Financial Statements
FDrth• yar•nding 31 Mry￿h 2023
16. Pnntipttl Subsidio*i•s
hural lfihryls•1 ITrodlng1
&JbiWh7ry
C¢mpaw r•9￿Hr￿ w 0869(N)77
Etyily %
10
C¢
Jo Clorkkln
lill Fefflwi& 29 StpfvA&r 2023)
My
Thè nol oK•ts lor th• y•oi d•oh •l tr*acc<w4s of th•x&ithury ￿ £45a23 £77.36
l*rthè yètsr of th*￿bIldI&lY ￿dIrt0k￿Vj £32.03S12021. V7JS?
17. Cash {A￿0rb￿ byllGeneratedfvtyrn Opewfjh•nS
un
1.917
104.382
15839ffj
21kn2
IY.iè3)
Toxovthichorwd

.6Jo's'as.iJdJaiuai
DJniin*3
eEff . EEOE * t
sas!JdJaiu3
IDJniin•3
UO!,¥D!?OSSV