2023-03-31-accounts

			Page
Report ofthe Trustees		1	to	7
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet			10
Notes to the Financial Statements		11	to	17

		for t	he year e	nded 31 March	2023
						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E			E
INCOME AND ENDOWMENTS		FROM
Donations	and legacies			668		668	21
Charitable	activities
Artspace				21,481		21,481	18,514
Programme	activities			306	32,036	32,342	136,552
Other trading activities				552		552
Investment	income			16		16
Total				23,023	32,036	55,059	155,088
EXPENDITURE ON
Raising funds							1,750
Charitable	activities
Artspace				10,818		10,818	9,464
Programme	activities			14,521	61,656	76,177	111,859
Total				25,339	61,656	86,995	123,073
NET INCOME/(EXPENDITURE)				(2,316)	(29,620)	(31,936)	32,015
RECONCILIATION OF FUNDS
Total funds	brought forward			22,579	30,555	53,134	21,119
TOTAL FUNDS CARRIED FORWARD				20,263	935	21,198	53,134

OTHER TRADING ACTIVITIES
	2023	2022
	E
Shop income	552
INVESTMENT INCOME
	2023	2022
	E
Deposit account interest	16		1

SUPPORT	COSTS
				Governance
		Management	Other	costs	Totals
		E			E
Artspace		5,182	5,510	126	10,818
Programme	activities	22,828	3,559	1,920	28,307
		28,010	9,069	2,046	39,125

Net income/(	expenditur	e) is stated after charging/(crediti	ng):
			2023	2022
			E	F
Depreciation	-owned	assets	354	266

STAFF COSTS
			2023	2022
			E	E
Wages and salaries			27,590	58,684
Other pension costs			420	857
			28,010	59,541
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Executive Director			1	1
Artspace Co-ordinator			1	1
Project Lead				1
Artist Resident				1

	NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				E	E
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			21		21
	Charitable activities
	Artspace			18,514		18,514
	Programme activities			17,606	118,946	136,552
	Investment income
	Total			36,142	118,946	155,088
	EXPENDITURE ON
	Raising funds			1,750		1,750
	Charitable activities
	Artspace			9,464		9,464
	Programme activities			23,468	88,391	111,859
	Total			34,682	88,391	123,073
	NET INCOME			1,460	30,555	32,015
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		21,119		21,119
	TOTAL FUNDS CARRIED FORWARD			22,579	30,555	53,134
10.	TANGIBLE FIXEDASSETS
						Plant and
						machinery
						E
	COST
	At 1 April 2022 and 31 March 2023					5,809
	DEPRECIATION
	At 1 April 2022					4,307
	Charge for year					354
	At 31 March 2023					4,661
	NET BOOK VALUE
	At 31 March 2023					1,148
	At 31 March 2022					1,502

11.	DEBTORS:	A	MOUNTS	F	ALLIN	G DUE WITHIN ONE YEAR
							2023	2022
								E
	Other debtors						4,319	3,398
	Prepayments						150	150
							4,469	3,548
12.	CREDITORS:		AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2023	2022
							F	E
	Other creditors						1,331	1,586
	Accrued expenses						1,200	1,569
							2,531	3,155
13.	MOVEMENT	IN FUNDS
							Net
							movement	At
						At 1.4.22	in funds	31.3.23
						E	F	E
	Unrestricted	funds
	General fund					22,579	(2,316)	20,263
	Restricted funds
	Foundations	programme				30,555	(30,555)
	Art Friends						935	935
						30,555	(29,620)	935
	TOTAL FUNDS					53,134	(31,936)	21,198
	Net movement		in funds,	included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						E		E
	Unrestricted	funds
	General fund					23,023	(25,339)	(2,316)
	Restricted funds
	Foundations	programme				15,998	(46,553)	(30,555)
	Heritage fund					9,978	(9,978)
	Art Friends					1,060	(125)	935
	Rowlands Trust					5,000	(5,000)
						32,036	(61,656)	(29,620)
	TOTAL FUNDS					55,059	(86,995)	(31,936)

Comparative	s for moveme	nt in fun	ds
					Net
					movement	At
				At 1.4.21	in funds	31.3.22
				E	E	E
Unrestricted	funds
General fund				21,119	1,460	22,579
Restricted funds
Foundations	programme				30,555	30,555
TOTAL FUNDS				21,119	32,015	53,134
Comparative	net movement	in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					F	E
Unrestricted	funds
General fund				36,142	(34,682)	1,460
Restricted funds
Foundations	programme			118,946	(88,391)	30,555
TOTAL FUNDS				155,088	(123,073)	32,015