KIRKGATE ARTS
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Company registration number.. 06632306
Charity reglstration number: 1126602
Lamont
Pridmore

KIRKGATE ARTS
LEGAL AND ADMINISTRATIVE INFORMATION
for the Year ended 31st March 2024
Chair
Mr Robert Higgins
Trustees
Ms Judith Bennington (resigned 07.06.23)
Mr Robert Pritchard
Mr Andrew Semple
Mrs Susan Moses
Ms Helen Hardy {resigned 07.02.24)
Mr David Thomas, Treasurer (resigned 07.02.24)
Mr Robert Higgins
Ms Suzanne Cliff (appointed 13.09.23)
Mr Michael Billinghurst, Treasurer {appointed 07.02.24)
Company Secretary
Mr Robert Higgins
Princlpal Office
The Kirkgate Centre
Kirkgate
Cockermouth
Cumbria
CA13 9PJ
Company Registration Number
06632306
Charity Registration Number
1126602
Bankers
Cumberland Building Society
Cumberland House
Castle Street
Carlisle
Cumbria
CA3 8RX
2a

KIRKGATE ARTS
TRUSTEES, ANNUAL REPORT
For the Year ended 31st March 2024
Introduction
The Trustees, who are directors for the purposes of company law, present the annual report together with the
financial statements of the charitable company for the year ended 31 sl March 2024..
Mr Robert Higgins (Chair)
Mr Michael Billinghurst {Treasurer>
Mr Robert Pritchard
Ms Susan Moses
Ms Suzanne Cliff
Ms Christine Slater
Mr John Reynolds
Mr Joe Fagan
In preparing the annual report and financial statements of the charity, the Trustees have adopted the
provisions of the Stalement of Recommended Practice (SORP) "Accounting and Reporting by Charities
issued in March 2005, and the requirements for a Trustees, report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Trustees have complied with the duty in Section 7 of the Charities Act 2011, giving due regard to public
benefit guidance published by the Charity Commission.
Qur income in the year ending 3181 March 2024 totalled £361.774 with expenditure of £313,031 incurred during the
period. The result for the year was a surplus of £48,743.
Kirkgate Arts and Heritage: Overview
Our Mission and Values
Our Mission is to ensure that creative talent is valued, developed and supported with opportunities for all to actively
engage with and enjoy the art5, our local heritage and community life.
Our Values are
Commitment- our staff and volunteers are dedicated to delivering our mission.
Ac¢essibility- we aim to make arts, heritage and culture accessible and inclusive to all the communities ofwest
Cumbria.
Sustainability - we aim to ensure that the organisation is secure for future generations from both financial and
environmental perspective.
Nurturing - we aim to provide an environment that encourages growth, development of skills and confidence and
enjoyment for all.
We operate across the geographical area covered by the recently-formed Cumberiand Council, an area that
includes West Cumbria, where the arts and culture infrastructure is weak compared to other parts of the UK. Per
capila spend on arts and culture is among the lowest in the UK and our Mission is to contribute to changing this.
We own and run the Kirkgate Centre, a multi-purpose cultural hub housing a theatre and communily centre in
Cockermouth. originally built as a school in the 1880s. We also own an adjacent site which used to house the
Derwent Athletics Club (demolished in May 2024), which we hope to develop in the coming years to increase our
capabilities {please see 'Our Plans for the Future, section later in this report).
We also run an Arts Council England National Portfolio Organisation. Arts Out West, through which we organise
tours of professional performer5 around Cumberland's village halls, libraries, and community centres. We work with
local volunteer promoters to put on shows, exhibitions and workshops which are social as much as cultural. The
NPO has recently been extended by the Arts Council from 3 to 4 years, ending in 2027.
2b

KIRKGATE ARTS
TRUSTEES, ANNUAL REPORT
For the Year ended 31st March 2024
Our 2022-2027 Strategy
Our main strategic aims are-.
To provide high quality arts and heritage events each year.,
To continue to deliver events in community centres across Cumberland.,
To provide facilities for community and social activities and events.,
To Continue the improvements of the Kirkgate Centre to improve our operations, earned income, user
experience and Ihe reduction of carbon emissions.,
To create facilities for, and improve access to, our local history collection.
Our Staff and Volunteers
The work of our charity is delivered by a small number of staff working alongside a significant number of volunteers.
In 2023124 we had five staff.. full-time General Manager and Operations Manager, with part-time Finance and
Administration Officer, Community Projects Officer, and Caretaking Assistant.
A team of volunteers operate much of the business, providing box office and front of house staffing, film projection,
bar management, oversight of safety and maintenance, programming, office adminislration, publicity and
fundraising. An audit in 2019 showed that volunteers contributed nearly 8,000 hours a year at the Kirkgate Centre,
with further substantial input from the volunteer village hall promoters of the Arts Out West programme and the
volunteers at community venues participating in other Kirkgate-run projects.
Following a rigorous national vetting process, we were awarded the prestigious Kings Award for Voluntary Service
in November 2023 in recognition ofthe efforts of our volunteers (which also includes our staff as they are also
volunteers).
The Board of Trustees would like to thank all of our staff and volunteers who together make the work of Kirkgate
Arts and Heritage possible.
What We did in 2023124
Programming and projects
Arts and Entertainment
Our arts and entertainment programme continues to develop, with approximately 400 events delivered during
2023124. Cinema is held 3 days a week whilst we have live steaming from the National Theatre once a month. Our
programme of music gigs has been substantially developed. The popular monthly jazz concerts continue, and we
also provide a wide programme of music across all genres. These gigs take place both in the auditorium and in the
Egremont Room. As well as professional musicians we are pleased to support local artistes as they develop their
careers. Our open mic and Poetry Out Loud evenings continue to be well supported.
We also host regular special events such as Fever Drag Cabaret and Singing With the Stars which have expanded
our audience appeal into new areas.
Finally, in 2023 we began our Monthly Markets and our Craft at the Kirkgate initiative which brought taught crafting
classes to the Kirkgate.
In My Shoes
This Project is a community heritage project funded by the Heritage Lottery Fund. It aims to look at the cultural
heritage of West Cumbria and give the participants the opportunity to share and Celebrate aspects of their own
cultural heritage. As well as the work done by the Heritage group and the Youth Theatre thi5 projecl has also
involved six spoken word events in the community. For these events we engaged three spoken word artists to write
work that would be performed at six community venues across the area with the hope of inspiring facilitated
onversations from the audiences. We also have trained volunteers available to collect oral histories from anyone
who wanted to be recorded. The project had a budget to cover some diverse programming. This was planned lo
start in the autumn with the programming of Faith l Branko but unfortunately due to ill health this show was
cancelled. We did however bring the amazing Unbroken dance show to both Dean School and the Kirkgate Centre.

KIRKGATE ARTS
TRUSTEES, ANNUAL REPORT
For the Year ended 31st March 2024
Cooklng at the Kirkgate
This project is funded by the National Lottery Community Fund and aims to use our new kitchen facilities to give
people access to workshops where they can learn a variety of cooking skills, some of these are very basic and
others are more advanced or fun and aimed at families. This project has also paid for the building of two raised
beds outside of the centre that were planted by the local pre school.
Allerdale Community Partnershlp (Community Investment Fund)
This money funded work that we placed into Allerdale Schools alongside the work that we were doing with Arts Out
West. In many cases this gave students their first laste of professional performances.
Arts Out West
This year saw an impressive 46 performances delivered in 25 village halls and libraries across Cumberland. The
varied programme included the very popular audience-participation based Blue Moon Saloon, developed
collaboratively by Ragged Edge and Kirkgate, Every Brilliant Thing, a rural touring performance created by Theatre
by the Lake Keswick, and Dracula in Space which transfe￿ed from a successful run at the Edinburgh Fringe
Festival.
Heritage Group
The Heritage group have continued to meet monthly. A large part of their work is completing family history research
on behalf of others and answering local history queries, they have a dedicated Facebook page and contribute a
monthly article on a variety of aspects of Cockermouth's history to the Kirkgate Quarter Chronical (our newsletter).
We have also continued the well-attended monthly illuslrated lectures.
The group have been largely focused this year on their contribution to the In My Shoes project the Heritage Lottery
Funded project looking into the cultural heritage of West Cumbria. With some curatorial support the group mounted
a very well received exhibition covering the history of Shoe manufacturing in Cockermouth from clog manufacture to
the closing of Millers shoe factory. They also helped with the development of other aspects of the project as it
developed. Once the Millers exhibition was over, we employed a new curator, and the group started work on the
second exhibition of the project that would be entitled Offcomers and would celebrating stories of the many journeys
to Co¢kemiouth.
Youth Theatre
The Youth Theatre have also spent the year working on the themes associated with the In My Shoes project. The
younger group developed a piece entitled .1 am not a bear. which explored what it is that makes us, us and how the
outside world can influence how we feel about that. The older group spent some time looking into stories from the
groups own family history's these stories were then pulled into one piece that looked at the many different places
that the people of West Cumbria come from. Both groups initially performed at Cockermouth live and Ihen went on
to develop the work further and perform a more complete pieoe at the centre just before Christmas.
Communlty and Commercial Events Engagement
Many commercial and community clienls hire the Egremont Room and theatre to provide activities. These include
Pilates, U3A. Karate, Historic Fencers, The Richmond Fellowship, Cumbria Carers, Sound Wave (Regular users)
National Trust and United Utilities, The Highways Agency and Thomas Armstrong {more occasional users).
We are home to Cockermouth Round Table's highly popular annual Beer Festival and are partners in Cockermouth
Livel the town's quirky annual summer weekend of live music and other performances, hosting the headline Friday
and Saturday night events. Bolh festivals took place in 2023.
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KIRKGATE ARTS
TRUSTEES. ANNUAL REPORT
For the Year ended 31st Mar¢h 2024
Upgrades to the Kirkgate Centre
In 2022123 we received a substantial (£100k) grant from Allerdale Borough Council (ABC) for which we were very
grateful. During 2023124 we completed the upgrades made possible by this grant..
Replacement of the old gas boilers with a more energy efficient system.,
Installation of commercial catering facilities in the ground floor-
Upgrading the Kirkgate's fire escapes.,
Replacement of the first floor auditorium windows,.
Installation of a heartng loop.,
Redevelopment of the first floor bar; and
A number of smaller improvements.
The ongoing refurbishment of our Egremont Room community hall was completed and the new carpet, new chairs,
and catering facilities have enabled us to market the space more widely, attracting new hirers and users, including
the hosting of wedding events.
Funding Secured for Further Upgrades
We secured a significant grant from the Arts Council to cover 800A of the cost of some much-needed upgrades to
the Kirkgate. We also secured match funding for the remaining 20 % from the Shared Prosperity Fund (administered
by ihe Copeland Community Fund) and the Benny Walker Foundation. A major improvement plan is planned for
2024125 {see 'Our Plans for the Future, seclion later in this report).
Preparation for Klrkgate Heritage Extension
We made significant progress in planning for our National Herttage Lottery Fund grant application with our architects
Buttress. A contractor was engaged to demolish the Athletics Club building and to dispose of the asbestos panels
forming part of the intertor (work ¢arried out May 2024). This work was part-funded by a very generous donation
from a private donor.
Thank you
We would like to thank all our funders, donors and supporters for their financial support during the year.
Financial performance
During this period we received grants totalling £216.279 , for which the Trustees are extremely grateful. Our
commercial income, through room hires and other trading, totalled £127,117. Donations from supporters totalled
£8,956.
We ended the year with a net surplus of £48,743.
The finances of the charity are explained in greater detail in the attached annual accounts.
Charity structurei governance, and management
Board of Trustees
Kirkgate Arts and Heritage is managed by a Board of Trustees. The Trustees are also Directors of the company,
Kirkgate Arts Limited. During the year the Board met every other month to maintain ongoing work guiding the
stralegic direction of the business. All decisions regarding corporate governance are made by, and are the
responsibility of, the Board of Trustees. A minimurn of three and a maximum of ten Trustees are provided for in the
incorporation and charity documents. The Board actively encourages 5UPPOrters to become members of the limited
company and attend the AGM to strengthen Ihe organisation and the accountability ofthe Board.
Trustees are appointed from the local community following a successful interview (and receipt of favourable
references if the individuals are unknown to Kirkgate Arts and Heritage). The expectations of the Trustees are
clearly documented and, like the slaff and volunteers of Kirkgate Arts and Heritage, Trustees follow a clear set of
procedures and policies, which are regularly reviewed. Trustees do not receive any benefits.
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KIRKGATE ARTS
TRUSTEES. ANNUAL REPORT
For the Year ended 31st March 2024
structure of sub-committees and working groups
The key Board sub-committees are the Finance Group, People Group, Arts Out West National Portfolio
Organisation Collaborative Group (with Highlights) and the Heritage Group. We also have a number of other Groups
which are volunteer led and report to the General Manager. These groups include the Communications Group,
Operations Group, Film Programming Group. Music Programming Group, Publicity Group and the Safety and
Maintenance Group. Others are formed as and when necessary and are time limited.
Main Partner organisations
Kirkgate Arts and Heritage delivers its wide range of activities across Cockermouth and Wesl Cumbria through a
network of partnerships and memberships..
Highlights: we work with this rural tourtng scheme for NorthlEast Cumbria, Northumberland and County Durham
with whom Arts Out West forms an Arts Council National Portfolio Organisation consortium.
Vlllage Halls and Community Centres: we deliver Arts Out West in partnership with over 25 village halls and
community centres throughout West Cumbrta.
National Rural Touring Forum: we are members of this forum representing rural touring schemes, venues,
promoters and performers.
Cockermouth Festivals Group: we collaborate with and provide facilities for the team producing the annual
Cockermouth Livel music and spoken word weekend,
Helping Hands is a Cumbria wide project that brings together 45 partners from the Arts and Culture sector that
aims to increase and diversify the volunteering opportunities available.
Cumbria Family Arts Network: we are a lead organisation in this informal consortium of venues and other bodies
in the west of the county working together to promote and develop performances and activities that can be enjoyed
across the generations.
Cumbria Arts and Culture Network- we participate in this ne￿Ork involving many of the county's arts and Culture
organisations, pra¢titioner5, educators and other stakeholders in the arts, culture and creative industries sector.
Big Imaginations: this ACE-funded regional initiative supports, promotes and develops theatre for young people
through a network of presenting organisations, which we joined in April 2018.
Future Arts Centres we participate in this UK-wide network of not for profit arts centres across the UK which
provides best practice guidance (e.g. carbon neutral operations).
Cockermouth Chamber of Trade: We are an active member of the Chamber of Trade.
We have other mutually supportive relationships with Cockermoulh Women's Institute, Cockermouth Civic Trust.
Cockermouth Rotary, Cockermouth Round Table, National Trust Wordsworth House and Garden, Rydal Mount
(Grasmere), Wordsworth Grasmere, Cockermouth Town Council, Cockermouth and district schools, Eden Poets
and local businesses including Fermento Italian Pizzeria and Magic Mountain Pizza.
2f

KIRKGATE ARTS
TRUSTEES. ANNUAL REPORT
For the Year ended 31st March 2024
Financial management
Investment powers
Under the memorandum and articles of association, the charity has the power to make any inveslment that the
Trustees see fit. All available funds are kept in interest bearing deposit accounts, and deposit rates are monitored to
maximise the income eamed in this way.
Maintenance of reserves
The Trustees have discretionary powers regarding the retention of reserves. The charity's reseNes policy was
reviewed in August 2024. The policy deals with the cash element of Kirkgate Arts and Heritage's unrestricted funds.
Having assessed the key financial risks, the reserves policy is to hold the funding required for six months, operation,
this being the largest of the items identified in the risk assessment. This equates to £50,000.
The policy states-. 'In the event that the charity is operating below its desired level of reserves, the Trustees will
endeavour to avoid having reserves fall as low as three months operation. Should reserves fall below this level the
Trustees will meet to discuss and implement recovery plans to avoid cash flow challenges and the risk of closure.,
The policy is subject to annual review.
Policies
The Trustees continually review policies, and adopt new ones as necessary, at appropriate intervals.
Risk management
The charity faces certain operational and business risks which the Trustees manage through regular reviews and
mitigation of key risks. Trustees give priority to managing key risks at all board meetings and engage regularly with
health and safety issues.
In recognition of the increasing number of upgrade projects, the Board has adopted a Project Risk Register Policy
which requires each project to be analysed from a risk perspective at all key stages.
Our plans for 2024125
We expect 2024125 to be an active year. balancing a programme of improvements to the Kirkgate Centre with the
ongoing programme of arts, culture and heritage events.
Our key areas of focus will be..
Events Programme
We will continue to provide events throughout Ihe year, subject to some short-term closures made necessary by the
Improvement Programme {see below).
Heritsge
The In My Shoes project concludes this year with exhibitions on Offcomers (how people came to settle in
Cockermouth) and Brewing in Cockermouth.
We will be applying for a significant National Heritage Lottery Fund grant to progress the feasibility study, planning
and design stage of the Kirkgate Heritage Extension Project in October 2024.
This application will include funding for a significant community heritage project.
2g

KIRKGATE ARTS
TRUSTEES, ANNUAL REPORT
For the Year ended 31st March 2024
Arts out West
We will continue to programme events in community centres across Cumberland. We will also start work with
Highlights on our application to Ihe Arts Council to renew National Portfolio Organisation status.
Kirkgate Centre Improvement Programme
LED lighting installation throughout the Centre to reduce power consumption.,
Replace auditorium and backstage ventilation system.,
Replace auditorium and stage lighting system.,
Create an accessible toilet on the first floor.,
Create a new staff office (staff displaced by accessible toilet).,
Extensive Lift refurbishment and upgrading.
This Programme will require parts of the Kirkgate Centre to be closed for short periods to allow our contractors to
work safely. We have factored the resulting drop in audience income into our financial planning.
Further Funding
We will be applying for a major Community Lottery grant for a programme of new community initiatives.
Trustees, responsibilities in relation to the financial statements
The Board of Trustees is responsible for preparing the Annual Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the charity trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that year. In preparing these
financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the
charitable company will continue in operation.
observe the methods and principles of the Charities SORP
state whether applicable United Kingdom accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charitable company and to enable Ihem to ensure that the financial statements
Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartties.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on
the charitable company's website. Legislation in the Uniled Kingdom governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
The Trustees consider that the charity is adequately funded to meet its current obligations.
nd
The annual report was approved by the trustees of the charilable company on 2 October 2024
and signed on its behalf by:
Robert Higgin5
Chair

KIRKGATE ARTS
INDEPENDENT EXAMINER'S REPORT TO THE
TRUSTEES OF KIRKGATE ARTS
For the Year ended 31st March 2024
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st
March 2024.
Responslbllities and basis of report
As the charify's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my examination of the Trust's accounts
carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have
followed the DireGtions given by the Charity Commission under section 145(5){b) of the 2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed
bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act- or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the accounting requirements concerning of section 396 ofthe 2006 Act
other than any requirement that the accounts give a 'true and fair view which is not a matter considered as
part of an independent examination or
the accounts have not been prepared in accordance with the melhods and principles of the Statement of
Recommended Practice for accounting and reporting by charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Ireland {FRS 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 report in order to enable a proper understanding of the accounts to be reached.
urt Ppl
Dated:
& Ootbbsp loa¥
Susannah Nixon
Lamont Pridmore (West Cumbria) Ltd
Milburn House
3 Oxford Street
Workington
Cumbria
CA14 2AL

KIRKGATE ARTS
STATEMENT OF FINANCIAL ACTIVITIES
For the Year ended 31st March 2024
(Including Income and Expendlture Account and Statement of Recognised Gains and Losses)
Unrestricted
Designated
Restricted
Totsl Funds
Year to
31.03.24
Total Funds
Year to
31.03.23
Funds
Funds
Funds
Note
INCOMING RESOURCES
Grants and donations
Charitable activities
Investment income
Other income
225,235
127,117
3,577
5,845
225,235
127,117
3.577
5,845
174,795
107,767
1,890
6.126
TOTAL INCOMING RESOURCES
361,774
361,774
290,578
RESOURCES EXPENDED
Expenditure on charitable
activities
307,608
5,042
381
313.031
324.806
TOTAL RESOURCES EXPENDED
307,608
5,042
381
313,031
324.806
NET INCOMINGI(OUTGOING)
RESOURCES FOR THE YEAR
54,166
(5.042)
(381)
48,743
(34.228)
Transfers belween funds
Balances brought forward
123,524
183,775
2,012
309,311
343,539
Balances carried fojward
177,690
178,733
1.631
358.054
309,311
The statement of financial activities includes all gains and losses recognised in the period. All income and
expenditure derive from continuing activities.

KIRKGATE ARTS
BALANCE SHEET
at 315t March 2024
31.03.24
31.03.23
Note
Fixed assets
Tangible assets
10
234,364
206,528
Current assets
Stocks
Debtors
Cash at bank and in hand
1,455
11,962
166,156
7,658
136,536
144,194
179,573
Creditors: amounts falling due
within one year
12
(20,504)
176.790)
Net current assets
123,690
102,783
358.054
309,311
Accumulated funds
Restricted funds
Designated funds
Unrestricted funds
16
16
16
1,631
178,733
177,690
2,012
183.775
123,524
Total funds
358.054
309.311
For the year ending 31. March 2024 the company was entitled to exemption from audit under seclion 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of ils 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 Ihe preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companie5 subject to the small
companies regime.
These financial statements were approved by the trustees on 2nd October 2024 and signed on their behalf by=
Robert Higgins
Chair

KIRKGATE ARTS
STATEMENT OF CASH FLOWS
For the Year ended 31st March 2024
31.03.24
31.03.23
Note
Cash flows from operating activities
Movement in funds for the year
48,743
(34,228)
Adjustments to cash flows from non-cash items
Depreciation
Investment income
13,202
{3,577)
16,021
(1,890)
9,625
14,131
Working capital adjustments
Decreasel(Increase) in stocks
Decrease in debtors
{DeGrease)fincrease in creditors
1,455
4,304
{56.287)
(780)
376
13,748
Net cash flows from operating activities
(50,528)
13,344
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
3,577
(41,037)
1.890
Cash {utilised)Iprovided by investing activitles
(37.460)
1,890
(Decrease) in cash and cash equivalents
in the year
(29,620)
14.863)
Cash and cash equivalents at the beginning
of the year
166,156
171,019
Total cash and cash equivalents at the end of the year
136,536
166,156
All of the cash flows are derived from continuing operations during the above two years.

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
General infonnation
The charity 15 a private company limited by guarantee, registered in England and Wales and a registered
charity in England and Wales. The address of the registered office is The Kirkgate Centre, Kirkgate,
Cockermouth, Cumbria, CA13 9PJ.
Accountlng policies
Summary of significant accounting policles and key accounting estimates
The principal accounting policies applied in the preparalion of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated.
Basis of accounting
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 IFRS 102) (effective 1 January
2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
Kirkgate Arts meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless Othe￿ISe stated in the relevant accounting policy
note.
Going concern
The charity continues lo adopt the going concern basis in preparing its financial statements and is confident it
can continue to do so for the foreseeable future.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectations of future events that are believed to
be reasonable under the circumstances.
The financial statements have been prepared on the going concem basis.
Incoming resources
Voluntary income including donations, gifts. legacies and grants that provide core funding or are of a general
nature is recognised when the Charity has entitlement to the income, it is probable that the income will be
received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount Can
be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the fund5 and any conditions linked to the
grants have been met. Where performance conditions are attached to the grant and are yet to be met, Ihe
income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Investment income is recognised on a receivable basi5.

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
Accounting policies (continued)
Resources expended
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar cosls to that category. Vvhere costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs
allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's Use. Other
support costs are allocated based on the spread of slaff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for
its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Taxatlon
As a registered charity the company benefits from rates relief and is generally exempt from Corporation Tax and
Capital Gains Tax.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows-
Asset class
IT and office electronic equipment
Fixtures and fittings
Light and sound equipment
Depreciation method and rate
Written off over 3 years straight line
Written off over 5 years straight line
Written off over 7 years slraight line
Stocks
Stock is not considered material and so is not clisclosed within this years figures.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course
of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is
established when there is objective evidence that the Charity will not be able to collect all amounts due according to
the original terms of the receivables.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amounl of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the Charity does nol have an
unconditional right. at the end of the reporting period, to defer settlement of the creditor for at least ￿e1ve months
after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
Accounting policles (continued)
Fund accounting
Unrestricted incorne funds are general funds that are available for use at the trustees, discretion in furtherance of
the objectives of the Charity.
Designated funds are unrestricted funds are resources set aside for specific purposes at the discretion ofthe
trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use ofwhich is
restricted to that area or purpose.
Voluntary income: Grants and donations
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Donations and legacies
Donations from individuals
8,956
8,956
8,317
Grants, including capital grants
Grants from govemment bodies, other charities
& local authorities
216,279
216,279
166,478
225,235
225,235
174,795
Incomlng resources from charitable activities
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Membership fees- Arts Out West
Ticket sales and admissions
Venue hire fees
Bar sales
1,128
79,369
16,861
29,759
1,128
79,369
16,861
29,759
1,223
70,118
15,593
20,833
127.117
127,117
107,767
Investment income
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Interest receivable on bank deposits
3,577
3,577
1,890
10

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
Other income
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Other income
5,845
5,845
6,126
5,845
5,845
6,126
Expenditure on charltsble activities
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Cost of bar sales
Performance fees and licences
Heritage Group
Wages and salaries
Employer national insurance
Pension contributions
Contract labour
Training
Travelling
Light, heat & water
Insurance
Building and equipment maintenance
Administration expenses
Equipment rental
Telephone and fax
Advertising and marketing
Accountancy fees
Computer costs
Professional fees
Fundraising expenses
Bank charges
Depreciation - fixtures and fittings
Depreciation - IT and office electronic equipment
Depreciation ~ lighl and sound equipment
13.354
104,637
13,354
104,637
381
90,387
2,071
1,873
96
816
509
21.253
6,153
33,121
1,880
1,368
2.016
8,741
5,486
2,799
880
9.109
84,533
1,110
84.291
1,451
1,677
381
90,387
2,071
1,873
96
816
509
21,253
6,153
33,121
1,880
1,368
2,016
8.741
5,486
2,799
880
522
259
8,898
7,445
78,166
1,320
2,066
1,929
7.070
5,460
4,349
556
5,777
2,797
2,613
238
8,827
2,008
131
926
7.103
2,008
131
926
7,103
307.608
381
307,989
320,463
Unrestricted
Designated
Funds
Total
2024
Total
2023
Depreciation- property
5,042
5.042
4,343
5,042
5,042
4,343
11

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
FOT the Year ended 31st March 2024
Net outgoing resources for the period
2024
2023
This is stated after charging:
Depreciation of tangible fixed assets
13,202
16,021
staff costs and trustees, remuneration
2024
2023
Staff costs include the following..
Wages and salaries
Social security costs
Pension costs
90,387
2,071
1,873
84,291
1,451
1,677
94,331
87,419
The average number of persons {including Senior management team) employed part time and full time during
the year was..
2024
Number
2023
Number
Totsl number of staff
No trustees. nor any persons connected with them, have received any remuneration from the charity during
the year.
None of the trustees received any reimbursed expenses or any other benefits from the charity during the
year.
No employee received emoluments of more than £60,000 during the year.
12

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
10
Tanglble fixed assets
Light and IT and Office
Sound
Electronic
Equipment Equipment
Fixtures
and
Fittings
Land and
Buildings
Total
Cost or valuation
At 151 April 2023
Additions
217,128
34,838
88,014
3,420
19,855
2,779
27,307
352,304
41,037
At 3151 March 2024
251,966
91,434
22,634
27,307
393,341
Depreciatlon
At 1 $1 April 2023
Charge for the year
18,118
5,042
80,851
7,103
19,855
926
26,951
131
145,775
13,202
At 31" March 2024
23,160
87,954
20.781
27,082
158,977
Net book value
At 31" March 2024
228,806
3,480
1,853
225
234,364
At 3151 March 2023
199,010
7,163
356
206,528
The freehold and property was devalued according to a valLration of £190,000 provided in May 2019 by Walton
Goodland Chartered Surveyors, 10 Lowther Street, Carlisle, Cumbria, CA3 8DA- this value has been adopted as
deemed cost of the assets concerned under FRS 102. Under FRS 102 the company will perform revaluations with
sufficient regularity such that the carrying amount does not differ materially from the fair value at the balance sheet
date.
11 Debtors
2024
2023
Amounts falling due within one year
Trade debtors
Prepayments
1,194
6,464
6,994
4,968
7,658
11,962
13

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
12 Creditors: amounts falllng due within one year
2024
2023
Trade creditors
Taxation and social security
Grants received in advance
Other creditors
Accruals
6,268
1,553
3,719
1,371
61,173
5,231
5,296
7,802
4,881
20,504
76,790
13 Operatlng leases
The total future minimum lease paymersts under non-cancellable operating leases are as follows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
1,368
1,368
1,368
2,394
2,736
3,762
14
Company status
The charity is a company limited by guarantee and consequently has no share capital. Each of the trustees
is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of
liquidation.
15
Pension scheme
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension c05t charge for the year
represents contributions payable by the charity to the scheme and amounted to £1,873 (2023 £1,677).
Contributions totalling £363 (2023: £325) were payable to the scheme at the year end and are included in
creditors.
14

KIRKGATE ARTS
NOTES TO FINANCIAL STATEMENTS
For the Year ended 31st March 2024
16 Statement of funds
The movement in the year is as follows..
At 01.04.23 Income Expenditure Transfers At 31.03.24
Unrestricted general funds
General unrestricted fund
123,524
361,774 (307,608)
177,890
Total unrestricted funds
123,524
361,774 (307,608)
177,690
Unrestricted designated funds
Propety fixed asset reserve
183,775
(5,042)
178,733
Total Unrestrlcted des'ed funds
183,775
(5,042)
178.733
Restricted funds
Heritage- Georgian Fair Group
2,012
(381)
1,631
Total restricted funds
2,012
(381)
1 ,631
Total funds
309,311
361,774 {313,031)
358,054
16
Funds
The specific purposes for which the funds are to be applied are as follows:
Georgian Fair Group
A donation from the Cockermouth Georgian Fair organising group for heritage related activities.
17
Analysls of net assets between funds
Unrestricted
Unrestricted designated Restricted
Funds
Funds
Funds
Total
Fixed assets
Current assets
Current liabilities
54,000
144,194
(20.504)
178,733
1,631
234,364
144,194
{20,504)
177,690
178,733
1,631
358,054
15