2023-03-29-accounts - Sola Arts

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finance, health 8 safety and staff reports.	finance, health 8 safety and staff reports.	finance, health 8 safety and staff reports.	finance, health 8 safety and staff reports.	finance, health 8 safety and staff reports.	finance, health 8 safety and staff reports.	finance, health 8 safety and staff reports.
REFERENCE AND ADMINISTRATIVE DETAILS
Name				SOLA Arts
Company		Number		06655438
Charity	Number			1128459
Registered			Office	Room 19,Toxteth	Town		Hall
				15 High Park Street
				Liverpool
				Merseyside, L8 8DX
Board ofTrustees				The Board ofTrustees			are also		its directors. Members			are elected
				by Annual General		Meetings			of the members		of the	council	in
				accordance with the		Articles		of	Association.
Trustees				F AIMotlak					(Appointed	29'"	March 2023)
				N U Barikumwe T Brown G Al Kalash R Mho Zada					(Resigned (Appointed (Appointed (Resigned (Appointed	27'" July 2023) 1"June 2023) 1"August 2022) 8'" August 2022) 29'" March 2023)
				L Omar
				C Petersen					(Resigned	8'" August 2022)
				A Spiers —Chair
				N Yousef
Independent			Examiner	Paula Sanchez ACCA,
				c/o LCVS
				151 Dale Street,
				Liverpool, L2 2AH
				The Co-operative	Bank		PLC
				PO Box250, Skelmersdale,				WN8 6WT

			Notes	Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
Income and endowments				2023	2023	2023	2022
from:
						F	E
Donations and legacies			3a	7,995		7,995	78
Charitable activities			3b	88,992	93,957	182,949	195,559
Total income				96,987	93,957	190,944	195,637
Expenditure on:
Charitable Activities				136,764	92,065	228,829	206,109
Total expenditure				136,764	92,065	228,829	206,109
Net (expenditure)/income, movement in funds		net		(39,777)	1,892	(37,885)	(10,472)
Total funds brought	forward		9, 10	54,889	20,727	75,616	86,088
Total funds carried	forward		8-10	15,112	22,619	37,731	75,616

		Notes	29'" March	2023	29'" March	2022
Fixed assets			f			E
Tangible fixed assets				3,436		6,316
Current assets
Debtors			31,826		27,795
Cash at bank and	in hand		4,525		43,280
			36,351		71,075
Current liabilities
Creditors: amounts falling due within one year			(2,056)		(1,775)
Net current assets				34,295		69,300
Total assets less liabilities	current			37,731		75,616
Reserves
Unrestricted funds		8, 9		15,112		54,889
Restricted funds		8,10		22,619		20,727
				37,731		75,616

F75,286 related	to restricted fun	ds.
4. Expenditure	on Charitable	Activities
			Direct	Support &
			Charitable	Governance
			Expenditure	Costs	Total	Total
			2023	2023 E	2023	2022f
The advancement of public
education and	help families and
dependents who have experienced			173,420	55,409	228,829	206,109
mental distress	by the provision	of
arts therapy

a.Analysed as follows:	a.Analysed as follows:
				2023	2022
Direct charitable	expenditure:			E
Staff salary costs				103,120	107,448
Pension				2,539	2,136
Project facilitator	fees			21,124	26,204
Sessional fees				15„989	25,371
Interpreting fees				340
Travel and subsistence			expenses	7,644	7,362
Activities expenses				12,438	3,638
Equipment				155	2,512
Room hire				2,452	7,023
Volunteer expenses				6,331	4,414
Donation				1,288
Motor expenses					1,861
				173,420	187,969
				2023	2022
Support 4 Governance			costs:		F
Staff salary costs				34,669
Pension				794
Insurance				2,581	2,825
Office costs				2,537	2,104
Rent				7,636	4,749
Computer and website			expenses	1,351	1,532
Subscriptions				294	1,018
Companies House				13	388
Training				805	150
Bank charges					2
Payroll fees				649	497
Accountancy				1,200	1,060
Depreciation				2,880	3,815
				55,409	18„140
Total expenditure activities		on	charitable	228,829	206,109

O	TES TO THE FINANCIAL STATEM	ENTS FOR THE YEAR E	NDED 29T"M
b.	Staff Costs	2023	2022
		F	E
	Gross wages and salaries	134,268	106,688
	Social security costs Pension Costs	3,521 3,333	760 2„136
		141,122	109,584

No out-of-pocket expenses were reimburse Tangible fixed assets	d to trustees in t	he year (2022: anil).
	Office	Motor Vehicles	Total
	Equipment
Cost:	E
Balance at 30'" March 2022	20,807		25,807
Additions
Balance at 29'" March 2023	20,807	5,000	25,807
Depreciation:
Balance at 30'" March 2022	17,269	2,222	19,491
Charge during the year	1,954	926	2,880
Balance at 29'" March 2023	19,223	3,148	22,371
Net Book Value at 29'" March 2023	1,584	1,852	3,436
Net Book Value at 29'" March 2022	3,538	2,778	6,316

10.Restricted		Funds
						Movements	in the Year
					Reserves	Income	Expenditure		Reserves
		2023			at				at end of
					beginning				Year
					ofYear
Edward Gostling		Foundation				5,000		(3,605)	1,395
ESFCommunity		Fund			7,084	16,998		(24,082)
Feeding Liverpool						1,051		(1,051)
Foyle Foundation					297			(137)	160
Holiday Activities		and Food			2,125	20,500		(22,625)
LCVS —Community Impact			Fund			2,000		(2,000)
LCVS Holiday Activity 8 Food						7,000		(7,000)
LCVS Innovation		in Communities		Fund	3,860			(3,860)
Mpac						5,500		(5,500)
National Lottery	Community		Fund		1,584	29,973	(10,493)		21,064
Our Liverpool Grant					5,777	5,935	(11,712)
Totals					20,727	93,957	(92,065)		22,619
						Movements	in the	Year
					Reserves	Income	Expenditure		Reserves
		2022			at				at end of
					beginning				Year
					ofYear
Barrow Cadbury	Trust				8,850	1,690	(10,540)
Eleanor Rathbone		Charitable	Trust			3,000		(3,000)
ESF Community		Fund			458	37,975	(31,349)		7,084
Foyle Foundation					4,850			(4,553)	297
Grow Wild Community Project Funding					546			(546)
Healthy Activity and Food						5,786		(5,786)
Holiday Activities		and Food				11,300		(9,175)	2,125
John Moores Foundation					1,369			(1,369)
LCVS —Community Impact			Fund			2,500		(2,500)
LCVS Innovation		in Communities		Fund		5,100		(1,240)	3,860
Mpac					1,262	2,000		(3,262)
National Lottery	Community		Fund		7,057			(5,473)	1,584
Our Liverpool Grant					2,390	5,935		(2,548)	5,777
Steve Morgan Foundation					360			(360)
Totals					27,142	75,286	(81,701)		20,727