2023-03-31-accounts

		Page
Chair's statement
Trustees' report
Independent examiner's	report	10-11
Statement offinancial	activities	12
Balance sheet		13 - 14
Notes to the financial statements		15-33

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note				E
Income from:
Donations and legacies			39,280	135,820	175,100	299,086
Charitable activities				38,938	38,938	31,963
Other trading activities				141,693	141,693	147,081
Investments				960	960	73
Total income			39,280	317,411	356,691	478,203
Expenditure on.
Raising funds				64,738	64,738	29,645
Charitable activities			61,184	553,313	614,497	530,918
Total expenditure			61,184	618,051	679,235	560,563
Net movement in funds			(21,904)	(300,640)	(322,544)	(82,360)
Reconciliation offunds:
Total funds brought	forward		21,904	1,805,347	1,827,250	1,909,610
Net movement in funds			(21,904)	(300,640)	(322,544)	(82,360)
Total funds carried forward				1,504,707	1,504,707	1,827,250

							2023		2022 restated
					Note
Fixed assets
Tangible assets					12		1,298,781		1,407,476
							1,298,781		1,407,476
Current assets
Debtors						50,243		17,560
Cash at bank and	in	hand				184,096		427,263
						234,339		444,823
Creditors: amounts		falling		due within one
year					14	(28,413)		(25,048)
Net current assets							205,926		419,775
Total assets less	current			liabilities			1,504,707		1,827,251
Net assets excluding			pension asset				1,504,707		1,827,251
Total net assets							1,504,707		1,827,251
Charity funds
Restricted funds					16				21,904
Unrestricted funds
Designated funds					16	1,267,506		1,329,500
General funds					16	237,201		475,847
Total unrestricted	funds				16		1,504,707		1,805,347
Total funds							1,504,707		1,827,251

			Restricted	Unrestricted	Total
			funds	funds	funds
			2023	2023	2023
Grants
Arts Council	England			134,240	134,240
NHLF Grant			15,230		15,230
RIPE			5,000		5,000
Public Arts Projects			19,050		19,050
Total grants			39,280	134,240	173,520
Donations				1,580	1,580
Total grants	and donations			1,580	1,580
			39,280	135,820	175,100
			Restricted	Unrestricted	Total
			funds	funds	funds
			2022	2022	2022
			F		F
Grants
Arts Council	England			101,840	101,840
Esrnee Fairbairn		Foundation		13,334	13,334
Garfield Weston		Foundation		30,000	30,000
RIPE			9,500		9,500
Arts 8 Heritage CIC			11,000		11,000
Natinal Trust	Bursary			1,000	1,000
NHLF Grant			111,627		111,627
Total grants			132,127	146,174	278,301
Grants			19,985		19,985
Government	grants			800	800
Total grants	and donations		19,985	800	20,785
			152,112	146,974	299,086

							Unrestricted	Total	Total
							funds	funds	funds
							2023	2023	2022
									F
	Income from charitable	activities		- Arches			32,691	32,691	31,963
	Income from charitable	activities		—Exhibitions			1,560	1,560
	Income from charitable	activities		- RIPE			2,353	2,353
	Income from charitable	activities		- Supporting	Artists	in
	Southampton						2,334	2,334
							38,938	38,938	31,963
5.	Income from other trading		activities
	Income from fundraising		events

	Unrestricted	Total	Total
	funds	funds	funds
	2023 f	2023 S	2022 F
Fundraising	163	163

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
		E	F
Cafe income	46,886	46,886	37,160
Shop income	4,503	4,503
Venue hire	24,090	24,090	20,373
Admissions	8,285	8,285	5,454
Other receipts	57,766	57,766	84,094
	141,530	141,530	147,081

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
			E
Trading expenses	47,875	47,875	21,537
Staff costs	16,863	16,863
	64,738	64,738	21,537

			Restricted	Unrestricted
			funds	funds	Total
			2023	2023	2023
			F
Arches			22	2,282	2,304
Artist Resources			149	22,979	23,128
Exhibitions			34	61,638	61,672
RIPE			7,222	4,452	11,674
Public Arts	Projects		38,563	2,907	41,470
Supporting	Artists	in Southampton	15,194	459,055	474,249
			61,184	553,313	614,497
			Restricted	Unrestricted
			funds	funds	Total
			2022	2022	2022
				E
Artist Resources			5,890		5,890
RIPE				12,284	12,284
Public Arts	Projects		97,370		97,370
Supporting	Artists	in Southampton	18,842	396,532	415,374
			122,102	408,816	530,918

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2023	2023	2023
			E	E	E
Arches			1,002	1,298	2,300
Artist Resources			22,215	914	23,129
Exhibitions			39,379	22,294	61,673
RIPE			7,880	3,795	11,675
Public Arts	Projects		41,470		41,470
Supporting	Artists	in Southampton	111,606	362,643	474,249
			223,552	390,944	614,497

			Activities
			undertaken		Total
			directly	Support costs	funds
			2022	2022	2022
					E
Artist Resources			5,890		5,890
RIPE				12,284	12,284
Public Arts	Projects		97,370		97,370
Supporting	Artists	in Southampton	32,341	383,033	415,374
			135,601	395,317	530,918

			Artist			Public Arts
		Arches 2023	Resources 2023	Exhibitions 2023	RIPE 2023	Projects 2023
		F	F		F	F
Artist fees			21,510	28,644	5,569	9,200
Exhibitions	and events		150	477
Marketing		583		9,356	412
PAP						3,570
Other costs				902
Staff costs						9,187
Activity costs		195	451		1,229
Freelancers	and technicians	225	100		670
Rates, electricity, gas, water						19,513
		1,003	22,215	39,379	7,880	41,470

		Supporting
		Artists in
		Southarnpto	Total
		n	funds
		2023	2023
		F
Artist fees		10,024	74,947
Exhibitions	and events		627
Marketing		692	11,043
PAP			3,570
Other costs		1,624	2,530
Staff costs		60,820	70,007
Activity costs			1,875
Freelancers	and technicians	38,446	39,441
Rates, electricity, gas, water			19,513
		111,606	223,553

Analysis o	fdirect costs (conti	nued)
			Artist				Public Arts
		Arches	Resources	Exhibitions	RIPE		Projects
		2022	2022	2022	2022		2022
				F
Artist fees							56,141
Exhibitions	and events		5,890
PAP							5,610
Staff costs							35,619
			5,890				97,370
					Supporting
					Artists	in	Total
					Southampton		funds
					2022		2022
							F
Artist fees							56,141
Exhibitions	and events						5,890
Marketing					8,913		8,913
PAP							5,610
Other costs					4,303		4,303
Staff costs							35,619
Freelancers	and technicians				19,125		19,125
					32,341		135,601

			Artist
		Arches	Resources	Exhibitions	RIPE
		2023	2023	2023	2023
Other costs		21	70	330	36
Staff costs				4,470
Freelancers	and technicians	280	720	2,900	3,390
Building costs		938		12,192	369
Office costs				198
Subscriptions			124	2,126
Bank charges		60		78
		1,299	914	22,294	3,795

		Supporting
		Artists in
		Southampto	Total
		n	funds
		2023	2023
		F	F
Other costs		1,712	2,169
Staff costs		188,016	192,486
Freelancers	and technicians		7,290
Building costs		11,367	24,866
Rates, electricity, gas, water		8,781	8,781
Insurance		7,177	7,177
VAT not reclaimable		16,811	16,811
Office costs		8,943	9,141
Depreciation		108,697	108,697
Subscription	s	2,188	4,438
Bank charges		45	183
Governance	costs	8,906	8,906
		362,643	390,945

Analysis of	support costs (continued)
			Artist
		Arches	Resources	Exhibitions	RIPE
		2022	2022	2022	2022
				P
Building costs					12,284
				Supporting
				Artists in	Total
				Southampton	funds
				2022	2022
				E	E
Other costs				1,538	1,538
Staff costs				203,890	203,890
Building costs				6,595	18,879
Rates, electricity, gas, water				14,077	14,077
Insurance				7,582	7,582
VAT not reclaimable				11,020	11,020
Office costs				12,468	12,468
Depreciation				118,430	118,430
Bank Charges				1,222	1,222
Governance	costs			6,211	6,211
				383,033	395,317

						2023	2022
Fees payable	to the Charitable	Company's	independent	examiner	for the
independent	examination of the Charitable		Company's	annual accounts		3,000	2,520
Fees payable	to the Charitable	Company's	independent	examiner	in respect
of:
All other services not included		above				2,500	3,080

During the year ended 31 March 2023, expe to 3Trustees) broken down as follows:	nses were reimbursed or paid directly to 3 Trust	ees (2022-
	2023	2022
	E	E
Travel	365	149

	Short-term
	leasehold	Fixtures and	Computer
	property	fittings	equipment	Total
	F
Cost or valuation
At 1 April 2022	1,375,571	27,922	196,7'14	1,600,207
At 31 March 2023	1,375,571	27,922	196,714	1,600,207
Depreciation
At 1 April 2022	99,491	10,123	83,117	192,731
Charge for the year	66,684	2,668	39,343	108,695
At 31 March 2023	166,175	12,791	122,460	301,426
Net book value
At 31 March 2023	1,209,396	15,131	74,254	1,298,781
At 31 March 2022	1,276,080	17,799	113,597	1,407,476

	2023	2022
	E
Due within one year
Trade debtors	5,125	17,560
Other debtors	44,761
Prepayments	357
	50,243	17,560

		2023	2022
			E
Trade creditors		5,427	8,261
Other taxation and social security		11,207	10,289
Other creditors		1,479	898
Accruals and deferred	income	10,300	5,600
		28,413	25,048

Statement offunds	-	cur	rent y	ear
				Balance at 1
				April 2022			Transfers	Balance at 31
				restated	Income	Expenditure	in/out	March 2023
					E	E	F	F
Designated funds
Designated fixed asset		fund		1,269,538		(66,684)		1,202,854
Designated GHT Sinking			fund	59,962			4,690	64,652
				1,329,500		(66,684)	4,690	"l,267,506
General Unrestricted		funds
General Funds - all	funds
Unrestricted Funds				475,847	317,411	(551,367)	(4,690)	237,201
				475,847	317,411	(551,367)	(4,690)	237,201
Total Unrestricted	funds			1,805,347	317,411	(618,051)		1,504,707
Restricted funds
Gods House Tower
Refurbishment					15,230	(15,230)
Meeting Point Project				5,500		(5,500)
RIPE Project				4,959	5,000	(9,959)
Public Arts Project				11,445	19,050	(30,495)
				21,904	39,280	(61,184)
Total offunds				1,827,251	356,691	(679,235)		1,504,707

									Balance at
					Balance at		As restated	Transfers	31 March
					1 April 2021	Income	Expenditure	in/out	2022
Designated		funds
Designated	fixed asset fund				1,342,764		(66,684)		1,276,080
Designated	GHT Sinking			fund	55,272			4,690	59,962
					1,398,036		(66,684)	4,690	1,336,042
									Balance at
					Balance at		As restated	Transfers	31 March
					1 April 2021	Income	Expenditure	in/out	2022
					F			F
Unrestricted		funds
General Funds					511,574	326,090	(363,669)	(4,690)	469,305
Unrestricted		Funds
					511,574	326,090	(363,669)	(4,690)	469,305
Total Unrestricted			funds		1,909,610	326,090	(430,353)		1,805,347
									Balance at
					Balance at		As restated	Transfers	31 March
					1 April 2021	Income	Expenditure	in/out	2022
					F		E	E	F
Restricted	funds
Gods House		Tower
Refurbishment						111,626	(111,626)
Meeting Point Project						11,000	(5,500)		5,500
RIPE Project						9,502	(4,543)		4,959
Public Arts	Project					19,986	(8,541)		11,445
						152,114	(130,210)		21,904
Total offunds					1,909,610	478,204	(560,563)		1,827,251
									Page 31

			Balance at 1			Transfers	Balance at 31
			April 2022	Income	Expenditure	in/out	March 2023
				F
Designated		funds	1,329,500		(66,684)	4,690	1,267,506
General	funds		475,847	317,411	(551,367)	(4,690)	237,201
Restricted		funds	21,904	39,280	(61,184)
			1,827,251	356,691	(679,235)		1,504,707

Summar	y	offunds - prio	r year
							Balance at
			Balance at		As restated	Transfers	31 March
			1 April 2021	Income	Expenditure	in/out	2022
				F	F	F	F
Designated		funds	1,398,036		(66,684)	4,690	1,336,042
General	funds		511,574	326,090	(363,669)	(4,690)	469,305
Restricted		funds		152,114	(130,210)		21,904
			1,909,610	478,204	(560,563)		1,827,251

			Unrestricted	Total
			funds	funds
			2023	2023
			F
Tangible	fixed	assets	1,298,781	1,298,781
Current	assets		234,340	234,340
Creditors	due	within one year	(28,413)	(28,413)
Total			1,504,708	1,504,708

			Restricted	Unrestricted	Total
			funds	funds	funds
			2022	2022	2022
			F	F
Tangible	fixed	assets		1,407,476	1,407,476
Current	assets		21,903	422,920	444,823
Creditors	due	within one year		(25,048)	(25,048)
Ttl			21,903	1,805,348	1,827,251

				2023	2023	2022	2022
						F
Income
Other trading	activities
Cafe income				53,559		37,160
Venue hire				24,505		20,373
Admissions				8,286		5,454
Public Arts Project management			fees	19,050		19,985
Studio rent received				32,034		31,963
Other receipts				63,824		84,094
Investment income
Interest receivable				961
Charitable activities
Grants				154,472		279,101
					356,691		478,203
Total incoming	resources				356,691		478,203
Expenditure
Raising Donations		and legacies
Fundraising fees						1,800
Other Trading	activities
Purchases				31,902		27,845
Charitable activities
Consultancy fees				34,571		11,810
Exhibition and	events			7,035		5,890
Public art expenses				3,570		5,610
Artist fees				77,096		56,141
VAT not reclaimable				16,811		11,020
					170,985		120,116
Support costs
Management
Trustees' expenses				365		149
Wages				253,390		215,230
Social security				15,259		12,557
Pensions				4,833		3,962
Staff costs				726
Rates and water				4,205		5,469
Insurance				7,177		7,582

						2023	2023	2022	2022
						F
Light and heat						32,966		8,608
Telephone						8,447		6,554
Advertising						11,042		8,913
Sundries						1,337		4,303
Travel and subsistence						1,968		1,438
Repairs and	renewals					8,311		12,284
Computer expenses						587		5,914
Cleaning						6,591		6,595
Subscriptions						4,438
Professional	fees					13,635		7,315
Training						5,248		2,160
Office costs						10,403
Depreciation	of	short leasehold				66,684		66,684
Depreciation	of	fixtures	&	fittings		2,668		3,135
Depreciation	of	computer		equipment		39,343		48,611
							499,623		427,463
Finance
Bank charges						183		1,222
Penalties								100
Governance	costs
Independent	Examiner remuneration					3,000		2,520
Accountancy	and legal fees					2,500		8,680
Legal fees						2,944		462
							8,627		12,984
Total expenditure							679,235		560,563
Net expenditure							(322,544)		(82,360)
Tax payable
Net expenditure		for the	reporting		period		(322,544)		(82,360)
Deficit for the	reporting		period				(322,544)		(82,360)
(Deficit)/Surplus		brought		forward	at 1 April 2022		(82,360)
Deficit carried	forward at			31 March 2023			(404,904)		(82,360)