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|EAR TO 31 MARCH 202|3|||<br>||||
|---|---|---|---|---|---|---|---|
||||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,<br>Donations 8<br>Legacies||||50,000|25,000|75,000||
|Other Income||||130||130|104|
|Total Income||||374,334|25,000|399,334|192,933|
|Expenditure||||||||
|Expenditure<br>on Raising|Funds||7|9,702||9,702|10,899|
|Expenditure<br>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)<br>on Investments||||||||
|Net Gains/(Losses)<br>on Investments||||(108,522)||(108,522)|148,460|
|Net movement<br>in funds|||9|(188,979)|25,000|(163,979)|69,011|
|Balance brought<br>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<br>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:<br>Amounts<br>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<br>By:||||||||
|Unrestricted<br>Funds|||17||1,998,045||2,187,024|
|Restricted<br>Funds|||17||25,000|||
||||||02 023045||R2 101024|





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|Income fro|m Charitable<br>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|



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



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|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|





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||||||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<br>to Unrestricted||||Funds.|||
|Expenditure|on Charitable|||Activities||||||
||||||Unrestricted|Restricted||2023|2022|
||||||Funds|Funds||||
||||||8|||||
|Cultural<br>&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<br>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<br>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<br>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<br>Lease payments||||in the year||||6,720|6,720|
|Depreciation|ofOwned|Fixed Assets||||||2,005|802|





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|Staff Costs||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Restricted||2023|2022|
||||||||Funds<br>E|Fundsf||6|6|
|Gross Salary Costs||||||165,163||||165,163|92,015|
|Social Security Costs|||||||12,814|||12,814|6,087|
|Employer's<br>Pension <br>Defined<br>Contribution|Contributions—<br>Scheme||||||48,818|||48,818|38,979|
|||||||226,795||||226,795|137,081|
|The average<br>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<br>pension|contributions,||||in excess of||660,000 in|the year.||2023|2022|
|||||||||||No.|No.|
|L'60,001 tof70,000|||||||||||1|





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|||||||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<br>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<br>Equities||||||657,857|881,207|
|Alternatives||||||294,839|387,428|
|Cash||||||145,497|59,876|
|||||||1,964,597|2,173,119|



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|||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|





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||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
|Trade Creditors|||||||9,692||12,668|
|Deferred<br>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<br>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<br>on Unrestricted||||||||||
|Funds||||||||||
|Unrestdcied<br>General||Fund||2,187,024||324,334|(563,313)|1,948,045||
|Designated<br>Fund||||||50,000|||50,000|
|Total Unrestricted<br>Funds||||2,187,024||374,334|(563,313)|1,998,045||
|Movement<br>on Restricted Funds||||||||||
|Restricted<br>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<br>Donation||||Towards the|cost|ofsupporting|creative learning|in schools in||
|||||the North East||||||
|Name ofRestricted||Fund||Description,|Nature &Purpose ofthe Restricted||||Fund|





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



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