2023-03-31-accounts

EAR TO 31 MARCH 202	3
			Note	Unrestricted	Restricted	Total	Total
				Funds	Funds	2023	2022
				6			6
Income
Income from Charitable	Activities		3	271,646		271,646	155,243
Income from Investments				52,558		52,558	37,586
Income from Grants, Donations 8 Legacies				50,000	25,000	75,000
Other Income				130		130	104
Total Income				374,334	25,000	399,334	192,933
Expenditure
Expenditure on Raising	Funds		7	9,702		9,702	10,899
Expenditure on Charitable		Activities	8	445,089		445,089	261,483
Total Expenditure				454,791		454,791	272,382
Net Income/(Expenditure)		before		(80,457)	25,000	(55,457)	(79,449)
Gains/(Losses) on Investments
Net Gains/(Losses) on Investments				(108,522)		(108,522)	148,460
Net movement in funds			9	(188,979)	25,000	(163,979)	69,011
Balance brought forward				2,187,024		2,187,024	2,118,013
Balance carried forward			17	61,998,045	825,000	62,023,045	62,187,024

At 31 MARCH 202	3
				2023		2022
			Notes	6
Fixed Assets
Tangible Fixed Assets			12	3,207		1,604
Fixed Asset Investments			13	1,964,597		2,173,119
					1,967,804		2,174,723
Current Assets
Debtors			14	32,186		21,093
Cash at Bank and	In Hand			74,023		47,618
				106,209		68,711
Creditors: Amounts Falling Due Within		1 Year	15	~5D,958		56,410
Net Current Assets					55,241		12,301
Total Net Assets					02,023045		62,187,024
Represented By:
Unrestricted Funds			17		1,998,045		2,187,024
Restricted Funds			17		25,000
					02 023045		R2 101024

Income fro	m Charitable Activities
		Unrestricted	Restricted	2023	2022
		Funds	Funds
			8	K	6
Programme	Design 8 Consultancy	269,299		269,299	153,879
Speaking Fees		2,347		2 347	1 364
		271,646		271,646	155,243

			Unrestricted	Restricted	2023	2022
			Funds	Funds
			K	8	E	E
Interest on cash deposits			2,711		2,711	134
Interest on / Dividends Investments under fund		from management	49,847		49,847	37,452
			52,558		52,558	37,586

Income from Grants, Donations	&Legacies
	Unrestricted	Restricted	2023	2022
	Funds	Funds
	6	6	8
Grant —Arts Council ofWales		25,000	25,000
Donation —Anonymous	50,000		50000
	50,000	25,000	75,000

		Unrestricted	Restricted	2023	2022
		Funds	Funds
				K	E
Other	Income	130		130	104
		130		130	104

					Unrestricted	Restricted	Restricted	2023	2022
					Funds	Funds
							E	F.
Investment	Management			Costs	9,702			9,702	10,899
					9,702			9,702	10,899
The 2022 total of610,899			was wholly attributable to Unrestricted				Funds.
Expenditure	on Charitable			Activities
					Unrestricted	Restricted		2023	2022
					Funds	Funds
					8
Cultural &Creative Learning
Programmes
Associates,	Travel 8 Subsistence				170,003			170,003	81,670
Staff Costs (see Note		10)			226,795			226,795	137,081
					396,798			396,798	218,751
Support Costs
Legal 8 Other Professional				Costs	1,213			1,213	1,913
Depreciation					2,005			2,005	802
Other Overhead Costs					37,343			37,343	32,800
					40,561			40,561	35,515
Governance	Costs
Independent	Examination			Fees	2,250			2,250	2,250
Other Accountancy Services					5,480			5,480	4,967
					7,730			7,730	7,217
					445,089			445,089	261,483
The 2022 total of6261,483				was wholly	attributable to Unrestricted		Funds.
Net Income/(Expenditure)
								2023	2022
Net income/(expenditure)			is	stated after charging/(crediting):
Independent	Examiner's	Remuneration						2,250	2,250
Operating Lease payments				in the year				6,720	6,720
Depreciation	ofOwned	Fixed Assets						2,005	802

Staff Costs
						Unrestricted		Restricted		2023	2022
							Funds E	Fundsf		6	6
Gross Salary Costs						165,163				165,163	92,015
Social Security Costs							12,814			12,814	6,087
Employer's Pension Defined Contribution	Contributions— Scheme						48,818			48,818	38,979
						226,795				226,795	137,081
The average monthly		number		of	staff employed		during the year,		was	2023	2022
as follows:										No.	No.
Cultural 8Creative	Learning			Programmes
The number ofthe above			staff expressed			as full-time equivalents			was 3(2022:3.2)
The following employees			received		remuneration,		including
employer's pension	contributions,				in excess of		660,000 in	the year.		2023	2022
										No.	No.
L'60,001 tof70,000											1

						2023	2022
						E
Market Value	at 1 April					2,113,243	1,983,763
Cost of Investments		Purchased				164,312	212,029
Market Value	of Investments		Sold			(364,377)	(193,515)
Unrealised Gain/(Loss)						94078	110,966
						1,819,100	2,113,243
Cash						145,497	59,876
Market Value	at 31	March				1,964,597	2,173,119
The market value has been			provided	by the charity's	investment	managers.
Geographical	analysis of investments			under fund management:		2023	2022
						8	E
Fixed Interest						266,549	177,177
UK Equities						599,855	667,431
Overseas Equities						657,857	881,207
Alternatives						294,839	387,428
Cash						145,497	59,876
						1,964,597	2,173,119

		2023	2022
		E	E
Trade Debtors		530	8,247
Prepayments	8 Accrued Income	28,886	10,283
Other Debtors		753	2,563
Value Added Tax Debtor		2,017
		32,186	21,093

							2023		2022
Trade Creditors							9,692		12,668
Deferred Income	(see below)								25,000
Other Creditors							16,305		3,776
Other Taxes &Social Security Costs							4,655		3,502
Accruals							20316		11464
							50,968		56,410
Deferred Income
Deferred Income	brought		forward				25,000
Income deferred	in the	year							25,000
Income released	in the	year					25,000
Deferred Income	carried		forward						25,000
Analysis ofCharitable			Funds
				Fund at 1		Income for	Expenditure	Fund at 31
				April 2022		Period	for Period &	March 2023
							Loss on
							Investments
						R	E		E
Movement on Unrestricted
Funds
Unrestdcied General		Fund		2,187,024		324,334	(563,313)	1,948,045
Designated Fund						50,000			50,000
Total Unrestricted Funds				2,187,024		374,334	(563,313)	1,998,045
Movement on Restricted Funds
Restricted Fund	—Arts		Council of			25,000			25,000
Wales
Total Funds				2,187,024		399,334	(563,313)	2,023,045
Name ofDesignated			Fund	Description,	Nature &Purpose ofthe Designated				Fund
Anonymous Donation				Towards the	cost	ofsupporting	creative learning	in schools in
				the North East
Name ofRestricted		Fund		Description,	Nature &Purpose ofthe Restricted				Fund

Category		Property	Equipment
Operating	leases which expire:
Within one	year	4,740
		4,740