Charity registration number 1129765 Company registration number 05811804 (England and Wales) BARNSLEY CIVIC ENTERPRISE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 gbac
BARNSLEY CIVIC ENTERPRISE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustses Carol Cooper-smith Charlotte Peel Alister Albert Robert Frost Elaine Price Adam Claydon Tim Cheetham Jacqueline Willson (Appointed 6 March 2024) (Appointed 6 March 2024) (Appointed 19 June 2024} (Appointed 19 June 2024) Secretary Faith Tankard Charlty nUMr 1129765 Company number 05811804 Reglstered offic• Barnsley Civic Hanson Street Barnsley S70 2HZ Auditors GBAC Limited Old Linen Court 8&85 Shambles Street 8arnsley South Yorkshire S70 2SB Bankers The Cooperative Bank 11 Peel Square Bamsley South Yorkshire S70 2QT
BARNSLEY CIVIC ENTERPRISE LIMITED CONTENTS Page Trustees report Statement of Trustees responsibilities Independent auditors, report 10-12 Consolidated statement of financial activities 13-14 Consolidated statement of financial position 15 Company statement of finan¢ial position 16 Consolidated statement of cash flovrfs 17 Notes to the financial ststements 18-33
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and the financial statements of the Group and the Charity for the year ended 31st March 2024. The legal and administrative information forms part of this port. The financial statements have b8en prepared in accordance with current statutory requirements and comply with the Company's memorandum and articles of association. The directors of the charitable company ('the charity) are its trustees for the purpose of Charity Law and throughout this report are collectively referred to as Ihe trustees. CHARITABLE OBJECTS The group's charitable objectives are: To advance the education of the public through the promotion of artistic and cultural events and exhibitions To provide or assist in the provision of facilities in the interests of soaal welfare for recreation or other leisu time occupation for the purposes of irnproving the conditions of life. The relief of unemployment for the public benefft in such ways as may b8 thought fit. The retention, conservation, and preservation of Bamsley Civic H811 for the purpose of furthering the objects and the conservation and preservation of other such buildings of historic and architectural importance. Such other charitable purposes consistent with Ihe objects above for the benefit of the inhabitants of Barnsley, and the public at large, by such charitable means as the Directors shall determine. ACHIEVING THE OBJECTS AND RELATIONS WITH PARTNERS THE TRUST VISION AND MISSION The Trust: The Trust has been set up to take on the role of Corporate Trustee to manage and oversee the operation of The Barns18y Civic. Its constitution requires it to have nominated representatives from public bodies as follows: One from B8msley Metropolitan Borough Council, One from Arts Council England and Three by public sector organisations as agreed by ordinary resolution of the Directors. There may be five Nominated Directors and there may be three copted Directors and (unless otherwise detemiined by ordinary resdution) the number of Directors shall not be subject to any maximum. The minimum number of Directors shall be two. The Vlslon: Bamsley Civic is the heart of Barnsley. The Mlsslon By putting on Brilliant Stuff. We're committed to high quality programming By Transfonnlng Llves. Our visitor experience offer and creative engagement makes a lasting impact By Making Work. We work with artists to create new work By Fllllng the Bulldlng. We're expanding our offer and finding new ways to bring people into Bamsley Civic By getting Out There. We're taking Vrk out of the building and into the community
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trust Objectlves OurValuo8 JOY- We create moments of joy for 8veryone. DYNAMIC- We react to change and are never afraid to be innovative. INSPIRE- We provide opportunities for people to think and f8el more. RESPECT- We will always respect people as individuals; their culture and the way they choose to express themselves. IMPACT- We impact on the lives of the people we work with and our wider community. We know what our impact is and what that means Our golden rules INe respect each other's roles and expertise. INe aré positivè, patient and kind. INe value challenge. We work as a team, we're supportive and we're not afraid to ask for help. Ilve have fun and we're always ready to have a laugh! We will achieve our vlslon and mlsslon agalnst th•sa oblectlves by: Ensuring we sustain the excellence of our artistic programme and continue to develop its depth through new partnerships and collaborations. Continue to invest in our support for growth in creative practice and creative industries through residency opportunities and commissioning activity. Growing and diversifying our audien$ through an ongoing commitment to the Family Arts Standards, the Creative Case for Diversity and development and support for participatory activity wth a particular focus on engaging children, young people and those under 30. Strengthening our commercial viability and resilience through maximising existing income streams, developing new income staM$ and pr&actively fundraising to support our activities. Positioning the venue as a key pivotal asset in the economic development of Barnsley through active participation in the local visitor economy forum and ensuring we effectively utilise partnerships to promote our offer, and Bamsley, both regionally and nationally. Build strong and effective relationships with the education sector. individual schools and further and higher education establishments in the region. Strengthening the cultural infrastructure localty and in the sub region through generating employment opportunities for performers, promoters, designers, and technicians. Reconnecting wth the local community and supporting the growth of grass roots and community led arts activity. Developing a sustainable and viable business which cross subsidises other Trust activities and objectives and maintsins the historic fabric of the building and Trust assets induding the gardens. Regular monitoring arrangements are in place to ensure that progress across all areas is effectively managed and risk areas a identified and mitigated.
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. governance and management The Charty is a company limited by guarantee. The Prlnclples of the operntion will be Infomied by: Equallty of opportunity- a commitmenl to providing artistic. creative, and cultural opportunities for everyone. Accessibility - physically by ensuring that the building has appropriate facilities to enable people who have a disability, are frail or have mobility difficulties to use them with ease; culturally - through an on and welcoming attitude and good customer care with a particular focus on attracting new audiences. intellectually through appropriate explanatory infomiation, the use of new technology and a range of leaming programmes. Promotlng knowledge and understandlng - through appropriate strategies for interpretation, education. and audience development. Promoting Ilfelong learnlng and extending skills contributing through new opportunities for vocational training and continued professional development in the entertainment, arts. and creative sectors. Encouraglng risk and promoting innovatlon - providing a high-qualty flexible space within a creative building, acting as a test bed for innovative visual, perfomiing, and digital arts, pushing artistic boundaries and raising expectation and aspirations within the tovm. Collaboration - Partnership VrkIng with other organisations to creale new and exating opportunities for local people to access high quality arts provision. Malntalnlng th• Trusvs apAets - In the forni of the building and through our lease arrangements Mandela Gardens to maximise the business viability and profitability.
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 THE ORGANISATION The fvll tlme Staff durlng 2023-2024 were: Anthony Baker (CEO) Jason Whtte Terri Bullivant Elizabeth Dickinson Sam Auckland Yasmin Holland-Jones Alex Hanna Alexa Kendall (joined 25 September 2023) Erika Wright Q'oin6d 4 July 2023) Gareth Webb Q'oined 7 August 20231 Michal Kuligowski fjoined 25 September 2023) Faith Tankard tsoined 25 September 20231 Joel Henry-Brts3an ts'oined 20 Novemb•r2023) Gemma Geldart (joined 12 March 2024} Alex Minor (left 22 May 20231 Simon Hawkins (left 31 March 20231 India Birchall {left 19 June 20231 Eleanor S8nderson (left 5 Jun¢ 20231 Sam Horton (left 16 June 20231 APPOINTMENT OF TRUSTEES The following Trustees represent the public bDdi8s that have a finanaal. creative, or cultural Inte91 In The Civic. These public bodies have nominated a person Qnlo the Board of Twstses. In addition, a further eight have been co-opted onlo the Board ofTrustees. Charlotte Peel (Chair) Tony Wright {Reslgned 22 January 2024) Carol Cooper-smlth Tracy Rodgers (Resigned 10 June 2024) AlislerAlbert Cllr Robert Frost Elaine Pric4 (Appointed 6 March 20241 Adam Claydon (Appointed 6 March 2024) Tim Cheeth8m {Appointod 19 June 2024) Jacqueline Willson {Appolnted 19 June 2024}
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEE INDUCTION AND TRAINING Trustees are inducted by attending a board meeting first as an obsep4er and then are provided with detailed information about their roles and responsibilities as a Board member. a copy of the memorandum and wticles of association and the previous sets of financial accounts and meeting minutes. Once they have laken on their role. as part of the induction process, they are 'buddied up, with an existing member so they have a reference point to ask questions and raise issues of concem. RESERVES The resenies at the year end were comprised ot, endowment funds £3,377.500 which remained the same as the previous year, restricted funds £2,707,825 which was an increase of £1,456,624 on 2023, designated funds of £50,000 Nvhich 15 a sinking fijnd for property repairs and maintenance, vh)ich is the same as the previous year. and unrestricted funds of £821,211 which had increased by £129.322. The trustees remain committed to inCaS1ng unrestricted reserves and anticApate this will be achieved incrementally going forard. They have refreshed their ReseDies Policy this year to support the organisation's fundraising effcrts and sustainabilty planning. The Trustees are in agreement that strategic allocation of unrestricted reserves for the benefft of the organisats'ons long term sustainability is acceptable. RISK MANAGEMENT The risks to which the charity is exposed are continually reviewed and syst8ms have been establisf£d in order to mitigate these risks. A risk register is in place and this is monitored regularly. The board has ultimate responsibility for identifying and managing ri8k. Vitrth the exception of environmental and corporate risk management the Board may devolve day to day issues associated wth financial risk management to the finance subcommittee. The finance subcommittee meets quarterly and reports to the Board. The monitoring of the financial progress against the charity's business plan, strategies and budgets also mitigates financial risk. REVIEW OF THE YEAR Bamsley Civic has enjoyed a period of audience and engagement growth over 2023-2024, this is across our theatres, our contemporary visual art gallery and our cornmunity engagement activity. We have achieved this through carefully focused programming which responds to the needs of our borough. Our business plan and delivery is hyper focused on growing our audience numbers and therefore relevance, through the resonant work we deliver. We are also focused on increasing Dur earned income through ticket sales, bar sales, room hires, leases of spaces, storage provision, business sponsorship, donations and other opportunities. In 2023-2024 we delivered 104 public performances to 16,320 paid audiences. We deliver PerforManS across the artistic spectrum, wth a programme which has developed across the year and is becoming more responsive to the needs and expectations of the audiences in Barnsley town, Borough and fvrther afield. Highlights across the year have included sold out shows by Paul Young. Teach Rex, John Godber. comedy by Ben Hart, John Robbins, Dave Spikey. Pete Fiman, Ed Byme and Toby Foster and others" family, young peoples and children's shows: The Lighbulb Princess, I Spy, Velociraptor amongst others,. tribute bands ABBA Gold, From Gold to Rio. Simon and Garfunkel and others. We programmed performance work which we believe adds to the variety and richness of a diverse programme which included ViÈsteland by Gary Clark Company, Fire Songs by Frozen Light (PMLD show), Jesus, Jane, Mother and Me as examples. Our programme also includes work from local dance schoo18 and Bamsley College student productions.
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exhibitions this year have included Diane Arbus - a touring exhibltion from Tate, Bamsley College BA Fine Art Show, Barnsley- Portrait of a Town which was an exhibition of three local photographers, Adam Summerscales, Arnelia Boston and Sean O'connell exploring life in Barnsley borough., Annabel Mccourt's I'm Sorry- which is also going on tour, supported by Barnsley Civic., Eating Art, an exhibition from our project with communities in Vvorsborough and Sheffield Hallam University BA Fine Art students exhibition. We also delivered work engagement activity in response to these exhibitions. Our gallery programme is designed to bring the very best national and intemational work to Barnsley, work that perhaps can be seen nowher8 else in our region and to also present work which responds to that of the main exhibitions. work by young people, schools, colleges and our community in general. We attracted over 15,000 people to our exhibitions over this year. Our ambition to engage with people, particularty from our town and borough, has proven positive and we have more people from our locality now engaging with us than in previous years, this is across our perfomance programme and gallery. A change in programming in both these Sreas, which is responsive to the expectstions of people in our place has borough more ticket sales and attendances at Bamsley Civic. Our programme of events, exhibitions and performances continues to be eclectic and we aim to deliver a programme of work in which there V4ill be something for everyone across each season. We see this as a positive step, introducing quality cultural and creative opportunities to more people in our place, thus enhancing their 8mbitions and aspirations and providing wellbeing. INe deliver performances and exhibitions by local and amateur companies, such as dance schools and photography Drganisations which engages with a different part of our community but opens up our building to more people who perhaps wouldn't have attended otherwise, with the aim of supporting those people to become more regular attenders at a variety of different events. We delivered 40 performances by amateur companies which attracted 5682 people. Our studio theatre programme has grown over the past year. Having this Spa enables us to try OLrt different and often innovative work, which may have an additional audience profile than we current have in our main perfomance space, thus growing and divers"ng our programme. Work which took place in our studio included Jesus, Jane, Mother and Me. Victoria Medley's Headset, Fanboy and As She Likes It by Chloe Wade. We also use our studio theatre as a space for artists to create and rehearse in, this is provided free of charge lo locall regional artists as Ihere is little or no space available in our borough for this activity to tske place. We hire our spaces across our building which brings in additional income and welcomes more people to our gorgeous Grade11 listed building. Our communications and marketing activity has grown over the past year and we have success11Y delivered numerous campaigns including major show launches. INe have generated free coverag8 which would have totalled many thousands of pounds over the year. INe have Vrked tirelessly to keep our prices for many of the shovts deliver at a level which is acceptsble for the people of our place and will encourage people to give things a try with us. Our capital project to renovate the Eldon Street end of our building was nearing completion, and whilst it was behind schedule, we have been able to keep it almost on budget due to some value engineering work throughout the year. The project is funded through a combination of Historic England Heritsge Action Zone, Barnsley Metropolitsn Borough Council, South Yorkshire Majoral Combined Authority, Barnsley Civic's own fvnding and Levelling Up Round 2. The development is due to open in September 2024, with a series of activities planned to engage drfferent stakeholders and audien5. Our Arts Council England capital programme was completed. This was separate to the work on the Eldon Street end of our building and focused on new lower energy use lighting and sound equipment in the theatre and around the building, the Studio Theatre, some artistic commissions such as the new gallery directional mural and other activities. This has enhanced the customer experience in our building, provided new space for arts'sts to have offices and rehearse, and reduced our carbon footprint. We have been su¢¢essful again in 2023-2024 in our fundraising. We raised £20,000 from Awards ForAlI towards our community engagement activity, in particular our Teenage VI1dlIfe work in Central Ward in Barnsley and our new Youth Panel. We also achieve £60,000 from Garfield Weston towards our capital project.
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our creative engagement activity has grown over the year. We have a number of regular programmes which we run, induding our Bamsley Young Writers group (in partnershtp with Hive South Yorkshire}, Civic Pride Singers which is a social group with singing for those who identify as LGBTQIA+ and allies. We run our own performance group, Cross The Sky, for people wth different abilities. which meets weekly and cr88tes a new show every few years. The company has made a film which has toured documentary film festivals across the world, receiving numerous awards. We also worked closely wrth communities in Vvombwell on our Teenage Wildlife proje¢( documenting and creating a performance of people's memories of being a teenager in their locality, and worked dosely with Netherwood Academy to deliver a year-long exhibition at the school curated from our own collection and a series of drama workshops to bring the teenage stories to lrfe. Through funding by Creative Lives we delivered a project called Eating Art! which brought together different communities through food and objects related to food, culminating in a big food event at Barnsley Civic. We have delivered a series of creative engagement workshops with partners Barnsley Libraries for their Bamsley Literary Festival. Working with Blackpool Grand, Customs House South Shields and Northern Broadsides we have delivered the Lrfe in a Northern Town project which supports a number of young writers to advance their craft and develop new playwriting skills. Our building is a creative hub for others too. We host Mark Mark Productions, a company delivery outstanding outdoor arts activity,. Helter Skelter who deliver circus based, mainly commercial, activity,. Barnsley Music Service, who work extensively providing music education across the borough. RESULTS OFTHE YEAR The results set out on pages 13 to 33 show an overall surplus of £1,585,946. Before transfers betrween funds, the unrestricted deficit was £167,151. FUTURE PLANS Our capital development refurbishment of the Eldon Street end of our building opens in September 2024. This is a delay from initial estimates but it has enabled time to prepare fully for the event and subsequent activity and leases in that part of our building. The hope is that these leases to private tenants and the activity on the third floor, which VMII be a mixture of private hires and Bamsley Civic led activity, will generate new ncome for the organisation, helping future-proof our income streams and also attract new people into the building. New tenants on the ground floor and second floor will help raise the profile of Barnsley Civic. With our prominent position on Eldon Street and opposit8 the new Glass Works squa significantly changes the potential for Barnsley Civic, placing it much higher in the collective consciousness of the town. The programme wll continue to develop in response to audience behaviours and data analysis. W8 have signed a contract with Panto Ever After to deliver our pantomime for the next 3 years, building a strong relationship with a talented local company. Ve have built an exlIent relationship with Concrete Youth, a company which makes outstanding work for those who have profound and multiple leading disabilities, which includes our co-commission of their new show Sensory Cinders. This is part of our ambition to become 8 hub for work which explores performance in this area. Exhibitions coming in 2024-2025 include Georgia O'Keefe- Memories of Drawing coupled with an exhibition by Ailish Trainor- Ulterior Motifs, an emerging Barnsley artist and exhibits'on by Adebayo Bolaji as part of the Barnsley Literary Festival. Planned performances indude our pantomime for Christmas 2024 - Jack and the Beanstalk, ABBA Gold, We're Not Going Back, Dom Joly, Shaun Ryder, John Godber's Perfect Pitch, The Opera Boys, Justin Moorhouse and Room On The Broom. Dbclosure of Infonnation to auditor Each of the Trustees has confirmed that there is no infomation of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confinned that they have tsken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
BARNSLEY CIVIC ENTERPRISE LIMITED GROUP TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosure of Infomiatlon to audltor Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identify such relevant information and to establish that the auditor is avRre of such information. AUDITOR The Auditors are GBAC Limited, Old Linen Court. 83-85 Shambles Street, Barnsley, S70 2SB The above port has been prepared in accordanGe with the special provisions relating to small companies within Part 15 of the CompaniesAct 2006. Signed on behalf of the Board Charlotta Peel Dated.. 18 December 2024
BARNSLEY CIVIC ENTERPRISE LIMITED STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the trustee5 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 trustees to prepare financial statements for each financial year which gives a twe and fair view of the state of affairs of the charitable company and of the surplus or deficit of the Charity for that year. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charlties SORP. Make judgements and estimates that are reasonable and prudent. State whether 8pplicable UK accounting standards have been followed, subject to any materlal disdosed and explained in the financial statements., and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the finanaal position of the company and to enable them 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 of fraud and other irregularities. In so far as the trustees are aware, there is no relevant audit infomiation of which the charitable company's auditors are unaware, and the trustees have taken steps that they ought to have taken in order to make ourselves aware of any relevant audit infomiation and to estsblish that the Charity's auditors are avRre of that information. The organisation is laser focused on bringing and developing relevant cjjltural and creative work which resonates with the people of our town and Borough to Barnsley. We are here to serve the people of our Borough, as audience members in our theatres and viewers in our gallery, as artists and as creative engagement participants. This is our driving passion and underpins the entirety of our work. The trustees confimi that they have complied with their duty under the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in detemiining the activities undertaken by the charity.
BARNSLEY CIVIC ENTERPRISE LIMITED INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF BARNSLEY CIVIC ENTERPRISE LIMITED Oplnion We have audited the financial statements of Bamsley Civic Enterprise LimFted (the 'parent charitable company,) and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the consolidated statement of financial activities, the consolidated statement of financial position, the statement of financial position, the consolidated statement of cash flows the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that h8s been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial R8POrting St8nd8rd applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting practi}. In our opinion. the financial statements.. givè a true and fair view of the state of the parent charitsble compantys affairs as at 31 March 2024 and of its incoming resources and application of resources, including its group income and expenditure. for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi,. and have been pr8par8d in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditors, SponSibl11t1es for the audit ol the financial statements section of our report. INe are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have fuffilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not idenlified any material UnrtaIntieS relating to events or conditions that, individually or collectively, may cast signfficant doubt on the group and parent charitable companws ability to continue as a going concem for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilits'es and the responsibilities of the Twstees with respect to going concern are described in the relevsnt sections of this report. Other infomiatlon The other information comprises the information included in the annual report other than the finarcial ststements and our auditors, report theon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibilty is to read the other information and, in doing so, consider whether the other information is materialty inconsistent with the financial statements or our knowledge obtsined in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material rnisstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we condude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 10-
BARNSLEY CIVIC ENTERPRISE LIMITED INDEPENDENT AUDITORS, REPORT (CONTINUED) TO THE TRUSTEES OF BARNSLEY CNIC ENTERPRISE LIMITED Oplnions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the Course of our audit: the informalion given in the Trustees report for the financial year for which the financial statements are prepared, which Includes the directors, report and the strategic report prepared for the purposes of company law, is consistent with the financial statements. and the strategic report and the directors. report included within the Trustees report have been ppared in accordan with applic8ble legal requirements. Matt•rs on whlch we are required to report by excepllon In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors, report induded within the Trustees report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to r8POrt to you if, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the a¢¢ounting records and retums" or certain disclosures of trustees, remuneralion specified by law are not made. or we have not reiVed all the information and explanations we require for our audit. Responslbllltles of Trustees As explained more fully in the statement of Trustees responsibilities, the Trustees, who are also the directors of the parent charitable company for the purpose of company law, are responsible for the preparalion of the financial statements and for being salisfied that they give a true and fair view, and for such intemal control as the Trustees detemine is necessary to enable the preparation of financial statements that are free from material misststement. whelher due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the parent charitable companys abilty to continue as a going concem, dl1051ng, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to Iquidate the group and charitable company or to cease operations, or have no realistic alternative but to do so. Audltors. responsibilities for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about vthether the financial statements as a Who are free from material misststement, v4hether due to fraud or error, and to issue an audltors, report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Vve obtained an understanding of the company and the sector in which it operates to identify laws and regulations that could reasonably be expected to have a dired effect on the financial statements. We obtained ijjr understanding in this regard through discussions with management, application of cumulative audit knowledge and experience of the sector. We detennined the principal laws and regulations relevant to the company in this regard to be those arising from the Companies Act 2006, Local tax laws and regulations, Anti Money Laundering Legislation and Bribery Act 2010. 11
BARNSLEY CIVIC ENTERPRISE LIMITED INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE TRUSTEES OF BARNSLEY CIVIC ENTERPRISE LIMITED V*le designed our audit procedures to ensure the audit team considered whether there were any indications of non- compliance by the group and company with those lav and regulations. These procedures included, but were not limited to. a review of general ledger transactions and discussions with management. Vle also identified the risks of material misstatement of the financial statements due to fraud. We considered, in addition to the non-rebuttable presumption of a risk of fraud arising from management override of ccfitrols, including the potential for management bias identified in relation to the provisions for stocks and and we addressed this by challenging the assumptions and judgements made by management when auditing that significant accounting estimate. As in all of our audits, we addressed th8 risk of fraud arising from management override of contrc4s by performing audit procedures which included, but were not limited to: the testing of journals., reviewing accounting estimates for evidence of bias., and evaluating the business rationale of any significant transactions that are unusual or outside the nom81 course of business. A further descripts'on of our responsibilities is available on the Financial Reporting Council's website at.. https:11 YwM.fr¢.org.ukJauditorsresponsibilities. This description fomis part of our auditors, report. Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the companys members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have fomied. Vlctorla Jane Davies (Senior Statutory Auditor) for and on behalf of GBAC Limlted 18 December 2024 Statutory Audltor Old Linen Court 83-85 Shambles Street Barnsley South Yorkshire S70 2SB 12-
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BARNSLEY CIVIC ENTERPRISE LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2024 2024 2023 Notss Fixed assets Intangible assets Propety. plant and equipment Heritage assets 15 16 18 1,420 105,770 4,602.682 111.024 6,425.889 6,536,913 4,709,872 Current assets Inventories Trade and other receivables Cash at bank and in hand 3,324 132,572 538,446 3,424 223,625 1,025,280 20 674.342 231.783 1,252,329 557.209 Current liabllltles 21 Net current assets 442,559 695,120 Total assets less current liabilitles 6,979,472 5,404,992 Non-CUTrent Ilabllltles 22 (22,936) (34,402) Net assets 6,956,536 5,370,590 Capltal funds Endowment funds Income funds Restricted funds Designated fund Unrestricted funds 3,377.500 3,377,500 2,707,825 50,000 821,211 1.251,201 50.000 691.889 6,956,536 5,370,590 The financial statements were approved by the board of directors and authorised for issue on 18 Dember 2024 and are signed on its behalf by.. Charlotte Peel Trustsfr Company Registration No. 06811804 15-
BARNSLEY CIVIC ENTERPRISE LIMITED COMPANY STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Note8 Fixed assets Intangible assets Property, plant and equipment Heritage assets Investments 15 16 18 17 1,420 105,770 3,797,175 100 111,024 3,936,302 100 4,047,426 3.904.465 Current assets Inventories Trade and other receivables Cash at bank and in hand 19 20 3,324 154,988 421,906 3,424 160,477 400,109 580,218 187,098 564,010 146,281 Current Ilablllties 21 Net current assets 393,120 417,729 Totsl assets less current liabilities 4,440,546 4,322,194 Non-current liabilities 22 (22.936) (34,402) Net assets 4,417,610 4,287,792 Capital funds Endowment funds Income funds Restricted funds Designated fun Unrestricted funds 3,377,500 3,377,500 161,229 50,000 828,881 164,783 50,000 895,509 4,417,610 4,287,792 As permitted by s408 Companies Act 2006. the company has not presented its own statement of financial activities and related notes. The company's profit for the year was £129,819 (2023- £40,606 surplus). The financial slatements were approved by the board of directors and authorised for issue on 18 December 2024 and are signed on its behalf by.. Charlotte Peel Trustoa Company Reglstratlon No. 05811804 Charity Reglstratlon No. 1129765 16-
BARNSLEY CIVIC ENTERPRISE LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows from operating activltle8 Cash generated from operations 31 1,370,629 1,372,745 Invesllng actlvltles Purchase of propety. plant and equipment Proceeds on disposal of property. plant and equipment Purthase of heritsge assets Interest rerkived {24,740) (22.647) 833 {1,823,207) 1,117 343 (1,225,182) 392 Net cash used in investing activltles (1.845,9971 (1.247,094) Flnanclng actlvltles Repayment of borrowngs (11,466) {11,466) Net cash used In flnancing activities {11,466) {11.466) Net {decrease)lincrease In cash and cash equivalents (486,834) 114.185 Cash and cash equivalents at beginning of year 1,025,280 911,095 Cash and cash equlvalents at and of year 538,446 1,025,280 17-
BARNSLEY CIVIC ENTERPRISE LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estimates and judgements In the application of the parent charitable company's accounting policies, the Trust868 are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both Cuent and future periods. Accountlng pollcles Company Inforniatlon Bamsley Civic Enterprise Limited is a private company limited by guarantee incorporated in England and Wales. The regist8r8d office is Barnsley Civic, Hanson Street, Barnsley, S70 2HZ. 2.1 Accountlng conventlon The financial stat8m8nts have been prepared in accordance with the parent charitable company's Memorandum and Articles of Association, the Companies Ad 2006 and "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 (FRS 102) (effective 1 January 2019).. The parent charitable company is a Public Benefft Entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. 2.2 Going concern The Trustees have considered the possibility that adequate funding will be received in the future so that the company's activities may continue, and they are actively pursuing all sources of funding that may be available to them. Financial Forecasts and projections have been produced and strategic plans are in place in order to prioritise and maximise funding and olher income generats'ng activities Grant funding has been secured with Arts Council England until 2026 and Barnsley Metropolitsn Borough Council has agreed to support the working capital requirements of the charitable company for the 12 months following the formal signing of its accounts. As a result, the trustee5 are of the opinion that it is appropriate for the financial statements to be prepared on a going concern basis. 2.3 Charftable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the parent charitable company. 2.4 Incomlng resources Income is recognised when the parent charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. 18-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policias (Contlnued) Cash donations are recognised on receipt. other donations are recognised once the parent charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the parent charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business. net of discounts. VAT and other sales related taxes. 2.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure Is classified by activity. The costs of each adivty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity ar8 allocated directly to that activity. Shared costs which contribute to more than one aciivity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure Is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitab16 expenditure comprise those costs incurred by the Charily in the delivery of its activities and service5 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. Govemance costs include those costs associated with meeting Ihe constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the Charity. 2.6 Intanglble flxed assets other than goodwlll Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impaiment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date rf the fair vaue can be measured reliably. Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and finanaal feasibility can be demonstrated. Amortisation is recognised so as to Nvrite off the cost or valuation of assets less their residual values over thelr useful lives on the following bases.. Website Development Costs 5 years straight line 19-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 2.7 Property, plant and equlpment Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is provided on 811 tangible fixed assets at rates calculated to wrile off the full c(k8t. less estimated residual value, of each asset over its expected useful life. The principal rates in use are: Computer Equipment Office Equipment Event Equipment Fixtures & Fittings Building Equipment 200/0 reducing balance 20•A reducing balance 20 /0 reducing balance 20Yo reducing balance 20Yo reducing balance and 2% straight line The gain or loss arising on the disposal of an asset is detennined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomel(expenditure) for the year. 2.8 Herftage a$80ts The Charity's propety 'The Civic" is reported in the balan sheet at market value. A valuation w8s made by professional valuers Chris Rowlands & Co and Smith Surveyors (Barnsley) Limited on 31 March 2011. The property is well maintained and is categorised as a heritage asset with an indeterminate life and is therefore not depreciated. The property is currently undergoing a large capital improvement project which is expected to be completed in September 2024. Once completed the property will be revalued. 2.9 Impairment of non-current assets At each reporting end date, the parent charitable company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash tlows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset Is reduced to its recoverable amount. An impaimient loss is recognised immediately in incomel (expenditure for the year, unless the relevant asset is carried al a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairnient losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Vvhere an impairment loss subsequently reverses, the carying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the a%set in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant assel is carried in at a revalu8d amount, in which case the reversal of the impairment loss is treated as a revaluatDn increase. -20-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Contlnued) 2.10 Inventorles Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour cost5 and those overheads that have been incuTred in bringing the inventories to Iheir present location and condition. Items held for distribution at no or nominal consideration are measured at cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 2.11 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 2.12 Flnanclal instruments The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments. and StIon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised when the parent Charitable company becomes paty to the contractual provisions of the instrument. Financial assets are offset, with the net 8mounts presented in the accounts when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are Initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, vthere the transaction is measured at the present value of the future receipis discounted at a market rate of interest. Basic financial liabilltles Basic financial liabilities, including trade and other payables, are initially recognised at transaction pri unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of inte$t. Debt instruments are wbsequently carried at amort15ed cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classffied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction Pri and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabllities Financial liabilities are derecognised when the CoMpanS contractual obligations expire or are discharged or cancelled. 2.13 Employee benefits The cost of any unused holiday entitlement is recognised in the period in vthich the employee's services are received. Tennination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 2.14 Retlrement beneflts Payments to defined contribution retirement benefit schemes s charg8d as an expense as they fall due. 21
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) 2.15 Fund accountlng Unrestricted funds are available for the use at the discretion of the trustee8 in furtherance of the general objectives of the Charity. Designated funds are unrestricted funds, eamarked by the board of management for property maintenan fund for future repairs of the Civic building. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Pem)anent endowment funds to be held pennanently to produce an income for the Charity and can only be disposed of with the Charity Commission's authorty. 2.16 Irrecoverable VAT All resources expended are classrfied under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was Incurd. Income from investments Unrestricted Unrestrictsd funds funds 2024 2023 Interest receivable 1,117 392
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestrlcted Restrfcted funds fund8 Total 2024 Total 2023 Donations and gifts Grants receivable for coré activities 934 934 651,608 1.798,323 2,449,931 3,977 1,864,227 652,542 1,798,323 2,450,865 1.868,204 For the year ended 31 March 2023 443,098 1,425.106 1.868.204 Grants recelvable for core actlvltles Bamsley Metropolitsn Borough Council Arts Council England Funding Teenage Wildlife Grant Arts Council England Capital Grant Esmee Fairbairn BMBC Capital Development Grant Eating Art Architectural Heritage Fund Other 378,256 250,944 378,256 250,944 33,712 296,473 383,245 162.944 22,500 33,712 296,473 61.000 1.186,418 1,460,178 7,960 1,460,178 7,960 48,120 22,408 22,408 651,608 1,798,323 2,449,931 1,864,227 Charitable aGtivities Programme Bar sales Room hlrt R•ntal Incom• Other in¢omo Totsl 2024 Totsl 2023 Sales within charitable activities 299.567 39.861 53,794 34,563 69,178 4,963 587,948 Other Income Unrestrlcted Unrestricted funds funds 2024 2023 Net gain on disposal of tangible fixed assets 833 343 -23-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other tradlng a¢tlvltl•s Unrestrfcted funds Total 2024 2023 Fundraising events 6.590 Net movement In funds 2024 2023 The net movement in funds is stated after chargingl(crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned property, plant and equipment Profft on disposal of property, plant and equipment Amortisation of intangible assets 5,600 19,486 (833) 1,420 5,600 21,154 (343) 2,979 Charitable activStles Charltablè Charitsbl activiti6s activltles 2024 2023 Staff costs Depreciation and amortisation Costs relating to programme events Costs relating to room hire Other direct costs Marketing Overhead costs 418,635 20,906 337,403 4,088 25,561 50,576 388,481 374.959 24.134 413,412 3,718 17,908 38,647 345,426 1,243,650 1.218,204 Share of govemance costs (see note 11) 114,938 107,287 1,358,588 1.325,491 Analysls by fund Unrestricted funds Restricted funds 1,313,362 1,177,987 45,226 147,504 1,358,588 1,325,491 -24-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Trustees No member of the Board of Trustees received any remuneration for their services during either of the last two years nor received reimbursement in respect of any expenses incurred in the perfonnance of their duties. 11 Governan costs 2024 2023 Staff costs 57,365 56,802 Audit fees Accountsncy Legal and professional 5,600 16,434 35,539 5,600 19,318 25,567 114,938 107,287 Analy8ed between Charitable activities 114,938 107,287 12 Employees- Group and Company Number of employees The average monthly number of employees during the year was.. 2024 Number Group 27 2023 Number Group 25 2024 Number Company 25 2023 Number Company 23 Employees Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 438,576 27,550 7,874 394.212 30.820 6,729 474,000 431,761 There were no employees whose annual remuneration was £60,000 or more. 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. -25-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Other 2024 2023 Financing costs 11.834 8,048 11,834 8,048 15 Intangible fixed assets- Group and Company Website Development Cts Cost At 1 April 2023 and 31 March 2024 30.397 Amortisation and impairment At 1 April 2023 Amortisation charged for the year 28,977 1,420 At 31 March 2024 30.397 Carrylng amount At 31 March 2024 At 31 March 2023 1,420 -26-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Property, plant and wulpment Group and Company Computer Equlpment Office Equipment Ev•nt Equipment Flxtures & Flttlngs Building Equipmo T¢)tal Cost At 1 April 2023 Additions 28.105 21,134 6.995 286,744 95,112 3,606 201,800 618.756 24,740 At 31 March 2024 49,239 6,995 286,744 98,718 201,800 643.496 Depreciation and Impalrment At 1 April 2023 Depreciation charged in the year 25.194 6,589 244,822 79,917 156,464 512,986 2.343 81 6,163 3,533 7,366 19,486 Al 31 March 2024 27,537 6.670 250,985 83,450 163.830 532,472 Carrying amount At 31 March 2024 21.702 325 35,759 15,268 37.970 111,024 At 31 March 2023 2.911 406 41,922 15,195 45.336 105,770 -27-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Fixed asset investments Other Investments Cost or valuatlon At 1 April 2023 & 31 March 2024 100 At 31 March 2024 100 Carrylng amount At 31 March 2024 100 At 31 March 2023 100 18 Hèritage assets - Consolldated At 1 April 2023 Additions 4.602.682 1.823,207 At 1 April 2023 and at 31 March 2024 6.425.889 The Charity has a debenture in favour of Arts Council England for £1,000,000 which is secured on the freehold property being the Civic Hall, Hanson Street. Barnsley. S70 2HZ. Horitage assets - Company At 1 April 2023 Additions 3.797,175 139.127 At 1 Aprll 2023 and at 31 March 2024 3,936,302 The Charity has a debenture in favour ofArts Council England for £1 ,000,000 which is secured on the freehold propety being the Civic Hall, Hanson Street, Barnsley. S70 2HZ. 19 Inventories Group 2024 Group 2023 Company 2024 Company 2023 Bar Stocks 3,324 3,424 3,324 3,424 -28-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Trade and other ro¢elvables Group 2024 Group 2023 Company 2024 Company 2023 Amounts falling due withln one year: Trade receivables Amounts owed by subsidiary undertakings Other receivables Prepayments and accrued income 13,003 41,612 13,003 84,600 2,285 55,100 41,612 84,600 7,477 26,788 64.469 55,100 155.225 26.788 132,572 223,625 154,988 160,477 21 Current Ilabllttles Group 2024 Group 2023 Company Company 2024 2023 Notes Borrowings Other taxation and social security Trade payables Other payables and deferred Income A¢cruals 22 11,466 9,737 105,023 77,267 28,290 11,466 7,364 438,689 50,534 49,166 11,466 9,737 63,538 77,267 25,090 11.466 7.354 30,761 50,534 46,166 231,783 557.209 187,098 146,281 At the year end, deferred income amounted lo £72,842 (2023: £47,076). Deferred income related to ticket sales and income raised before the year end that relate to perfonnances in the next financial year. 22 Borrowings Group and Company 2024 2023 BMBC loan 34,402 45,868 Payable within one year Payable after one year 11,466 22,936 11,466 34,402 During the year ended 31 March 2012 Bamsley Civic Enterprise Limited entered in to a loan with BMBC totalling £172,000. The loan is payable on a 6 monthly basis over 15 years and interest is charged * 3.2% pa calculated on a daily reducing balan method. maintsining equal instalments of the principal element of £5,733 with a reduced interest payment. Retlrement beneflt schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 7,874 6.729 -29-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Retlrement benefit schemes (Continued) The parent charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separalely from those of the parent charitable company in an independently administered fund. 24 Endovjment funds At 1 April At 31 March 2023 2024 Pernianent endowm•nts The Civic Propety 3,377,500 3,377,500 Prevlous year: At 1 Aprll At 31 March 2022 2023 Permanent endowments The Civic Propety 3,377.500 3.377.500 The permanent endowment fund arose due to the BMBC transferring its trusteeship of a property ('The Civic") in the year ended 31 March 2011, this is treated as an heritage asset as explained more in the accoling policies {2.8).
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Restricted funds The income funds of the charity include restricted fijnds comprising the following unexpended balar£es of donats'ons and grants held on trust for specific purposes.. Movement in funds Incomlng Outgoing Resources Resources Balance at l April 2023 Transfer Balance at betweèn 31 March funds 2024 a) Capital fund - Enterprising Barnsley b) Fixed asset fund c) ACE Capital grant d) SV*lYPT grant e) Donations re Catalyst fj Fundraising re Catalyst g) BMBC Capital Development Grant h) Boiler for sinking fund i) Teenage Wildlife Grant Wombwell j) Eating Art 966 16.401 (193) (3,240) 773 13.181 296.473 (296.473) 13.323 17.760 11.313 {13,323) (919) (771) 16,841 10,542 1,167.254 24.184 1,460.178 2,627.432 19.347 (4,837) 33.712 7.960 (11,993) {9,950) 21,719 (1,990) 1,251,201 1.798,323 (45,226) {296,473) 2.707,825 Notes a) The balance represents the net book value of the capital expenditure relating to the enterprising hub room. b) The fixed asset fund comprises various fixiures and fittings donated by BMBC. c) ACE development grant towards the capital building project to support the project d) Grdnt income was used towards marketing to enable the Civic to raise further funds for the capital project. e) Donations received to fund the capital build project. fj Fundraising activities undertaken to fund the capital build project. g) Grant income to facilitate the consultation and development of the capital development project which aims to re-develop The Civic. h) Boilers transferred from sinking fund to be depreciated over useful economic life. i) Teenage Wildlife Grant is to support local people lo lead and participate in a celebration of the unique heritage of the street and its role in context through stories and discussion5 of youth culture dumg different periods of the street's history. j) Eating Art - Eating Art Is an eight-month long community engagement project Using design, craft and communal food sharing to bring together disparate communities for a sharing experience. Designated funds The board of trustees designates monies paid by a tenant in a previous year into a property maIntanCe fund for future repairs of the Civic building. -31
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 27 Analysis of net assets between funds Unrestrlcted Deslgnated Restricted Endowment funds funds fund fund 2024 2024 2024 2024 Total Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Intangible fixed assets Propety, plant and equipment Heritage assets Current assetsl(liabilities) Long term liabilities 1,420 50,360 420,957 372,830 (22,936) 60,664 2,627,432 19,729 111,024 105,770 6,425,889 4.602.682 442,559 695,120 (22,936) (34.402) 3,377,500 50,000 821.211 50,000 2,707,825 3,377,500 6,958,536 5.370,590 28 Unrestricted - General fund 2024 2023 Balance brought forward Net movement in funds 691,889 118,729 415,063 276,826 810,618 691.889 29 Related party transactions Due to the nature of the charitable companws operations and the composition ol the board of trustees being drawn from local public and private sector organisations, it is inevitable that transactions will take place with organisations in which a member of the board of trustees may have an interest. All transactions invclving an organisation in which a member of the board of trustees may have an interest are conducted at amis length. 30 Subsldlarles Details of the parent charitable company's subsidiaries at 31 March 2024 are as follows- Name of undertaklng Reglstered offlce Natur• of businoss Class of 'A Held shares held Dlrect Indlrect Barnsley Civic Trading Limited England and Wales A¢comodation and sessional Ordin8ry hire 100.00 -32-
BARNSLEY CIVIC ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 31 Cash generated from operations 2024 2023 Surplus for the year 1.585,946 1,123,404 Adjustments for.. Investment income recognised in statement of financial activities Gain on disposal of propety, plant and equipment Depreciation and impairment of property, plant and equipment (1,117) (833) 20,906 (392) (343) 24,134 Movements in working capital.. Decreasel(increase) in inventories Decreasel(increase) in trade and other receivables (Decrease)fincrease in trade and other payables 100 91,053 (325,426) (1,053) (142,691) 369,686 Cash g•nerated from operations 1,370,629 1.372,745 32 Analysis of changes in net funds At 1 Aprfl 2023 Cash IIowgAt 31 Mor¢h 2024 Cash at bank and in hand 1,025,280 {486,834) 538,448 Loans falling due within one year Loans falling due after more than one year (11,466) {34,402) (11,488) (22,936) 11.466 979.412 (475.368) 504,044 -33-