||||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| ##