## 

## 

|||Page|
|---|---|---|
|Chair's statement|||
|Trustees'<br>report|||
|Independent<br>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<br>and legacies|||39,280|135,820|175,100|299,086|
|Charitable<br>activities||||38,938|38,938|31,963|
|Other trading<br>activities||||141,693|141,693|147,081|
|Investments||||960|960|73|
|Total income|||39,280|317,411|356,691|478,203|
|Expenditure<br>on.|||||||
|Raising funds||||64,738|64,738|29,645|
|Charitable<br>activities|||61,184|553,313|614,497|530,918|
|Total expenditure|||61,184|618,051|679,235|560,563|
|Net movement<br>in funds|||(21,904)|(300,640)|(322,544)|(82,360)|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward||21,904|1,805,347|1,827,250|1,909,610|
|Net movement<br>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<br>funds|||||16||||21,904|
|Unrestricted<br>funds||||||||||
|Designated<br>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<br>f|2023<br>S|2022<br>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<br>2023|Resources<br>2023|Exhibitions<br>2023|RIPE<br>2023|Projects<br>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<br>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<br>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<br>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<br>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<br>the year ended 31 March 2023, expe<br>to 3Trustees)<br>broken<br>down as follows:|nses were reimbursed<br>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<br>funds|||||||||
|Designated<br>fixed asset||fund||1,269,538||(66,684)||1,202,854|
|Designated<br>GHT Sinking|||fund|59,962|||4,690|64,652|
|||||1,329,500||(66,684)|4,690|"l,267,506|
|General Unrestricted||funds|||||||
|General<br>Funds - all|funds||||||||
|Unrestricted<br>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<br>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<br>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<br>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<br>income||||||||
|Interest receivable||||961||||
|Charitable<br>activities||||||||
|Grants||||154,472||279,101||
||||||356,691||478,203|
|Total incoming|resources||||356,691||478,203|
|Expenditure||||||||
|Raising Donations||and legacies||||||
|Fundraising<br>fees||||||1,800||
|Other Trading|activities|||||||
|Purchases||||31,902||27,845||
|Charitable<br>activities||||||||
|Consultancy<br>fees||||34,571||11,810||
|Exhibition<br>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)|