REGISTERED COMPANY IYUMBER: 03175344 (England and Wales) REGISTERED CHARITY NUMBER: 1136680 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BLUECOAT DISPLAY CENTRE LIMED Malthouse & Company Chartered Accountants & Business Advisers Maithouse & Company is the irnding nwne of Malthous¢ & Company Limited registered in England no. 3576518, VAT registration no. 926 7203 23 Regi&ered office: America House, Rumford Court, Rumford Pla¢e, Liv¢TpooI L3 9DD Registered to carry on audit wurk in thc UK, rcgulated for a range of investmeni business activities, and licensed to carry out the reserved legal activity of non-contentious probak in England and Wales by the Institute of Chartered Accountanls in England and Wale& ii'ww.malthouse.com
BLUECOAT DISPLAY CENTRE LIMITED CONfENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 16 Independent Examiner's Report 17 to 18 ststement of Financial Artivities 19 Balan¢¢ She¢t 20 10 21 Notes to the Financial Statements 22 to 36 Detsiled Statement of Financial Activities 37 to 38
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also dire¢tOTS of thc charity for the purposes of the Companies Act 2006, present their report with the financial statemfflits of the ¢haTity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the FinanciaI Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (etTectiv¢ l January 2019). Page I
BLUECOAT DISPLAY CENTRE LtMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ORJECTIVES AND ACTIVITIES Objectlves and alms The directors have referred to the guidance from the Charities Commission about public benefit when reviewing th¢ir aims and objectives and in planning futle activities. In particular th¢ d1CtOrS consider how planned activities will contribute to the aims and objCctiv that they have set. The objects of the charity are set out in pardgraphs 4(1) (a) and O)) of the Articles of Association, bein Raising the public's aesthetic appreciation in applied art and design; and the provision of educational lecture5, workshops and exhibitions at The Bluecoat Display Centr4 Liverpool The directors aim to achieve the8e objectives by actively promoting applied art and design to the public and supporting educational prOgr]meS and exhibitions. Educational Activities Timeline l April 2024 - 31 March 2025 Featured Artist Member Aprll 2024 Anne Knfight eernmi¢$ This is a new online and Instagram promoted opportunity for our artist membership where we select a new maker each month to intervicw aboutland highlight th¢ir practi¢¢ which we share via our weekly e-newsletter as well as through our social media posts and online shop. 3rd April - The Creative Step programm¢ with Jonathan Ball Serics of 5 meetingslworkshop sessions with Jonathan Ball who for 25 yeaTq has helpd Sha and deliver design thinking led innovation programm¢s. The Creative Step is a practical programme deSied to help shape your business for the future. Through this series of meetings and workshops we explor¢d how The Creative Step could help with organisational planning at Bluecoat Display Centre. Enabl the Bluecoat Display Centre Director an opportunity to step back from day-to4ay activities in a safe and supportive sp¢ to reflect, review and refresh our business. This resulted in a prOjt bticf to r¢design our website, enhancing our online presenc and e-commerce capabilities. Funding would be required to realise the redevelopment of the website. Page 2
BLUECOAT DISPLAY CENfRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 5th April- 7th June- Heys Court Outreach Project A new series of craft workshops with new partners Heys Court in Garston, a long stay rehabilitation ward for older adults with a variety of mental health issu¢5. From a mental health perspective, their service users have diagnosis including anxiety, depression. bipolar, schizophreni4 but not exclusive to these illnesses only. Funding enabled 2 x North West based makers to each run 8 x 2-hour workshop sessions. Ceramic artist Kirsti Hannah Brown, workshops included making pinch pots, ¢011 pots, figures and botani1 textured slab pots. Some of the activities will include using coloured slips to add decoration. Textile artist Nawal Gebre¢l's workshops included block-printing, landscapes with watercolours. 8th April Liverpool Hope Unfverslty Talk Delivered to Fine Art and Art History final years students on approaching a gallery, preparation of, showin8 and promoting your work. 17th April- Maker residency selection meeting Presentation of maker residency shortlist to Vicky Charnock. Arts for Health Officer at Alder Hey Children's Hospital. 25th Aprll - Culture Network Livewl City R¢gion Launch, Museum of Liverpool 25th Aprll - North West Craft Network Development Meeting online with pr¢s¢ntation by Liverpool letteresS printer Karen Edwards. EveryDay exhibition continued until 20 April 2024 This display focused on everyday functional pieces which can b¢ used in the home. These individually handmade work8 are a joy to us¢ day in, day out. Works featured could also be gifted to others for them to enjoy. Featured Artlst Mernber MAY 2024 Karen Fox jewellery 12th April Visit from 10 x John Moorcs Graphlc Design & Illustration students In the Wlndow MAY 2024 Bird thaned curated display Featuring Tom Hill wirework with Guy Holder, Tiffany Scull and Irena Sibrijns cerami¢s. Page 3
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Johnny Vegas & Emmvd RodgeTS 3 May- 15 June 2024 This display is a 'wnversation' between the familiar work of the renoMry]ed sculptor Emma Rodgers and pieces by Johnny Veg4 whos¢ work we are delÈghted to introduce here for the fwst time. Flight is a common therne for both artists and this show will feature two dimensional worK bronze, Clay and 3D printing. This show is in partnership with the Walker Art Gallery, which will feature new displays of work by Emma and Johnny ¢urated by Nicola Scott, Decorative Arts Senior Curdtor. 28th May - Creallve Organisation8 of Liverpool (Cool) online m¢eting, IJ In the Wlndow - June 2024 - Marla Hammond Manchester Metropolitan University Graduate Prize 2023 Maria Hatnmond has been selected for this spotlight exhibilion from a rang>e of makers who exhibited at Manchcstcr Metropolitan University Graduate show, 2023. Her work was chosen for its creative use of materials and the innovative making and dcsign qualities. Maria is a mixed media contemporary jeweller. passionate about sustsinability and OUT relationship with the environment. By using mat¢rials that go Unnotice or go to waste, she seeks to create pieces that are both beautiful and responsible. Pag¢ 4
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Fmm June 2024 - May 2025 - Clatterbridge Cancer Centre (CCC) maker r¢sidency ¢ommission We were re-commissioned by the CCC Trust F¢¢ for 2 makers to each run 42 workshop activity sessions (I day per week) with patients, and thcir farnilies, undergoing cancer treatment at the CCC in LiveTpooI city centr¢. Me¢Y$ld¢ makers Karen Edwards and Jo Williams were ntracted to deliver the sessions as well as each completing self-led resource / activity sheet for CCC Patient Art Packs. Objectives of the Programme: - To improve mood, dUce waiting time anxiety and inpatient monotony for patients - To improve patient physical and mental health with incrused support for slaff and family memba3 to enable positive intsrnction and activity - To enable the development of creativity, imagination and seIfXpr10n, increasing positive energy, relaxation and rcducing fatigue - Develop artists (makers) skills and experience in Arts in Health delivery - Develop and r¢fin¢ a partnership model for use in future activity Featured Artl8t Member June 2024 Tiffany Scull ceramics ID conversation with Emma Rodgers and Johnny Vegas Tuesday 4 June 2024, 5.45 - 7.30pm at the Quaker Meeting House, School Lane, followed by Bluecoat Displ&y Centre Emma and Johnny discussed their work practice and working together with exhibition curntors Samantha Rhodes from Blu¢¢oat Display Centre and Nicola Scott from the Walker Art Gallery to an audience of 60. Summer Exhlbltion 2024 21 June- 17 August Our Summer 2024 selling exhibition is inspired by a place by the sea. The work of our featured makers captures the spirit of days spent at the coast - whether in glorious sunshine or tempestuous stornis - and the treasures we might find and bring home, from interesting shells pebbles and sea gl&8S to the memory of the colour of the sea at sunset. Makers included: Jewellery by Roslyn Ashcroft, Julie Fewster, Bronwen Gwillim, Gilly Langton & Ruth Praill Ceramics by Molly Attrill, Helen Beard, Kirsti Hannah Brown, Rachel Peters. Vivi¢nne Ro55, Simon Shaw & Anna Silverton Page 5
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Textiles by Eve Campb¢ll, Jessica Geach. Michelle Holmes & RubyKite Glass by Jane Charles, Loco Glass & Shakspeare Glass L£ather by Janine Partington Wood by Jane Crisp Clothing by Georgia Boniface 14 June 2024, Manchester Metropolitan Unlversity Graduate Award Selection Awarded to jeweller Sam Holmes for an exhibition In the Window for June as part of our 2025 programme. 17 June 2024 Attendan¢e of Race Equality Action Group sharing session. In the Window- July 2024- L¢oma Drew & Vallari Harshwal Great Northern Contemporary Craft Fair Showcase Award 2023 For our 2023 Great Northern Contemporary Craft Fair Showcase Award we wer¢ d¢lightsd to feature the work of jeweller L¢oma Drew alongside ceramicist Vallari Harshwal. Leoma's jewellery practice explores memory and nostalgi4 leading her to abstract ernotional journeys through creating motlfi, which became a cryptic symbology to depict personal events within her life. Vallari is drawn towards the unexplored aspect of clay and its prottsses and leans toward being nonconforniist in her VISU aestheti¢s. Vallari'5 work i5 an essence of her Indian heritsge, juxtap)sed with her life in England. Featured Artijt Member July 2024 Nornian Eames jewellery Meet the Maker & Demonstration with Vallari Harshwal Saturday 6 July 2024, 1 lam - Ipm at th¢ Bluecoat Display Centre On Saturday 6 July 2024 we were joined in the gallery by Vallari HahWaI, who demonstrated some of her sgrdffito decorating techniques. Page 6
BLUECOAT DISPLAY CENfRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Sathrday 13th July Arfs activity for the Clatterbridge Cancer Centre with Teenage and Young Adult patients Summer Fest with local artist Charlie Weatherstone with the Teenage Cancer Trust Youth Supp)rt Co-ordinator. The Summer Fest ev¢nt was for young people aged 13-24 their families and friends to come along, have a bit of fun, meet other young people and farnili¢s and some speak to some services that can support them whilst they are undergoing their cancer trealment. There was also some music and oiher activities on the day. In the Window for Pride 2024 - Slmon Dredge July 2024 Our In the Window Installation for Pride in Liverpool showcase th¢ work of10¢81 Ceramic artist Simon Dredge, as part of th¢ ¢el¢brations for Liv¢rpool Pride. Simon's plates are made in both porcelain and archit¢dural clays, he uses ceramic body stains, underglaze, acrylic inks, acrylic paints and spray paints on his work. Liverpool based Simon Dredge is an English ceramic artist whose work explores the impact of history in shaping our cultural understanding. For the Pride window Simon wanted to c¢lebrat¢ the divcr5ity of thc gay and qUr community in Liverpool and the wider Merseyside atra. Bluecoat Display Centre was awarded funding by the Ulrike Michal Foundation for the Arts to cnable this window installation. Meet the Maker - Simon Dredge 27 August Simon spoke, with Assistant Director Kat¢ Moult, about his Lxramic work and inspiration for the Liverpool Pride window installation. This conversation was broad¢ast live on Instagram. 30th July - Creatlve Organlsatlons of Llverpool (Cool) online meeting Featured Artlst Member August 2024 RubyKite Scarf and ae$Sory desieTs. Joy Leese and Tamara Williams translate mixed media paintings and prints onto silk and cashmere scarves. rf¥• Page 7
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 l August 2024 Craft NI, Belf&8t guest judge for annuaI August Crnft Month exhibition in partnership with the Design & Crafts Council of Ireland. S¢lect¢d 5 prizes awarded for ernerging and established makers as well as delivering a talk in the Crdft NI Gallery on the work of the Bluecoat Display 3 August 2024 Grnduate Award Llverpool John Moores Unlvershy Illustratlon - Talia Hasld Talia's lov¢ of birds and their songs inspired the collection 'The Language of Birdsong, a series of gouache bird )rtraits and concertina books. Meet the MAker Free Event with Talla Hasld Saturday l O August, 2-4pm. Talia demonstrated some of her booknnaking techniques and chatted to visitors about her work on display. 14th August Visit from Bayswater International School x 9 students 22nd August - North Wcst Craft Network Stccring Group Meeting online Meet the Maker Event wlth Naw81 Gebreel textlle grtbt 24th August 2024, 2-4pm. Nawal demonstrated her ink landscape painting and chatted to our visitors about her folded textile wraps and scarves. Dan Kelly & Barry Stedman 23 August- 5 October 2024 We presented this two man show- which featured work by established ceramic artists Dan Kelly and Barry Slcdman - both of whom showed work here in Liveryool for the first time. an and Barry both treat the surfaces of their clay vessels like an incredible canvas. They have a sense of energy and drama to the application of the 'drawing on clay, which is echoed in the painting5 that both produce, and which will also feature in our ¢xhibition. ]nspir¢d by the landspe of his nwal 5urn)undings> Barry's pieces are bursting with beautiful vivid colours. In contrast, city-based Dan uses no colour, and his striking work is full of actlon. Page 8
BLUECOAT DISPLAY CENfRE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Featured Artist Member September 2024 Lorraine Hitt jewellery Meet the Maker Event with Kate Stewart from Factory Floor Jewels 7th S¢ptember 2024. 2-4pm. A chance for visitors and customers to infornially meet and chat with Kafr who chatted about her jewellery and techniques. 2nd October - North West Craft Network Steering Group Meeting online 4th October - North West Craft Network Meeting. Blackpool Theme.. Crdft Education I 1:00 Nicky Dewar, Director of Programmes, Crafts Council UK 11:30 National Saturd&y Club - Paul Alnutt- UK Network Director, Alex Bird - Relationship Manager 12:1)O AA2A Programme - Andrew Walker & Paula Smithson, Blackpool School of Arts 13:30 Conversations in craft: pasL present, future An open diUSsion which charts the journeys of four makers. Panel host: Tom Sutton, Associate Teaching Professor, BA(Hons)Textiles & Surface Design, University of Bolton Guest artists: Bhaggie Patel, Val¢ry Touche, Attila Olah, Joe Booth Featured Artist Member October 2024 Christy Keeney Sculptural Ceramics Meet the Maker Event with Jean White Ceramics 5th Octolxr 2024, 24prn. A ch8nce for visitors and customers to infornially meet and chat with Jean who chatted about her ceramics and t¢chniqu¢s. Muck Murphy - In the Wlndow for Lfiverpool Irbh Festival October 2024 Part of the 2024 Liverpool Irish Festival Our featured 'ln the Window, artist for the 2024 Liverpool Irish Festival was Mi¢ha¢l Murphy. His work was in the window on College Lane throughout October 2024. Michael's practice is rooted in the use of traditional tooling to pr(xluce modern and innovative fornis in both furniture and sculpture. His current body of work centres around the death of the Ash tree. We as our hedgerow is forever transf0mle a piece of nature soon to b¢ confined to memory. Meet the Maker, 18th October - Muck Murphy in conversAtlon our Irish Festival In the Window mak¢r with LIF Director Emma Smith Celebrating Irish Makers l O October- 2 November 2024 To celebrate our long-stsnding partnership with the Liverpool Irish Festival. alongside wood In the Window by Michael Murphy, we showcased a group of Irish makers that have previously ¢xhibited in our window exhibitions for th¢ Festival. sUPPOrted then by Design & Crafts Council of Ireland. It was also an opportunity for us to highlight the work of our established Irish makers whom w¢ regularly display in the gallery. Page 9
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In addition, we chose a s¢lection of emerging and established Northern trith mak¢rs from the 'R¢action' exhibition at the Craft NI GaIlery in Belfast. Thc event is a highlight of the much-anticipated month-long celebration of craft which takes place across the island of Ireland in August. an exhibition that seeks lo celebrate and profjle excellence in the Nl crdft se¢tor. Makers included: Jewellery by Alan Ardiff, Bcrina K¢lly> Maureen Lynch, Caitlin Murphy & Celine Traynor Ccramics by Mike Byrne, Adam Frew, Christy Keeney & Cor1m Price Glass by Scott Benefield & Catherine Kcenan Wood by Kathl¢¢n Walsh Mixed Media by Sarah Cathers Woven textile vessels by Joanne Lamb Paintings by Clement McAlexr 16th October Visit by Upton School, 6th Forn) x 12 students Meet the Maker Event with Anne Knlgh¢ Ceranjles 5th November 2024. 24pm. A chance for visitors and customers lo infornially meet and chat with Anne who chatted about her Lyramics and demonstrated her illustration techniques 12th November Visit by John Leggott College x 12 students Fe2tsred Artist Member December 2024 Misun Won jcwellery Meet the Maker whb Kaylelgh Radcllffe 14 December. 24pm. A chance for visitors and customers to infomially m¢¢t and chat with Kayleigh who chatted about her figures and d¢monstrated the decoration of their c¢ramic h¢ads, Winter Exbibltlon 8 November 2024 - 25 January 2025 Our annual Winter Display fratur¢d high quality, beautifully made, uniqu¢ and rn¢aningful pieces, in which skilful making and craftsmanship are essential elements, and which can be gifted to b¢ 5¢d and loved for years to come. With this in mind we curnted a range of contemporary jewellery, functional ceramics and tableware, wood and homewares, beautiful wearable textiles, ¢y¢atching prints and festive decorations. All made by studio-based makers from across the UK, who employ traditional technique4 often using sustainable materials and practices Page 10
BLUECOAT DISPLAY CENfRE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Makers included.. Jewellery by Rachel Butlin X Keeley Traae, Factory Floor Jewels. Bronw¢n Gwillim, Catherine Hills. &znt Mccaig, Rentaro NIshimur Tom Pigeon & Adel¢ Taylor Cerami¢s by Maree and Paul Allit4 Guy Holder, Tim Lake, Katie Prnden & Jean White Textiles by Georgia Boniface. Charlie Ami BUxt0 Vanessa BullicK Nawal Gebreel. Kate Jones & Margo Selby Wood by Matthew Green Prints & C¢ramics by Dom Marshall Prints by Hannah Farthing Homewares by David Mellor Decorations by David Mayne, Ella Mclntosh & Keelcy Traae In the Wlndow- Jacob Chan 14 January - l O February 2025 Local ceramicist Jacob Chan will be 'ln the Window, from 14 January- 10 February, to Celebrate Lunar New Year. Jacob ha8 developed 8 new body of work specially for this window installation entitled 'Zodia¢' 'Th¢ 12 Chinese zodiac animals hold deep symboli¢ significance, representing various aspects of personality, life, and the nara1 world. Each animal embodies unique traits and energies, reflecting cycles of traTJsforniation, growth, and wisdom. For me, these animals are not only a part of cultural heritage but also w)werful symbols that re50nate with my own journey and experiences. Bluecoat Display Centre were awarded fijnding by the Ulrike Mi¢hal Foundation for the Arts to enable this window installation. 31st January- Meet the Maker Event wlth Jacob ChRn Jacob spoke to an audience of 20 guests about the ceramic work he had Created for the In the Window giving an insight to the traditions and syml)olism a&sociated with the Chinese zodiac. Jewellery Showcase January- M&reh 2025 Our jewellery showcase highlighted the work of our 90+ jewellers, with brand new displays and introducing new makers to the gallery too. Jewellers include: Hannah B¢dfoT(L Je5si¢a Brigg& RA¢h¢l Butlin x Keeley Traa4 Leoma Drew, Bronwen Gwillirn, Lorraine Hitt. Gilly Langton, Lynne Maclachlan, Rentaro Nishimur Miranda Sharpe, Tom Pigeon. Annabet Wyndham and Anthony Wong. Along with a lovely selection of wearable tcxlil&s from N¢il Bottl¢, Kate Jones, Rubykite and Margo Selby and clothing by Georgia Bonifac¢. Ceramics by Pauline Hughes, Tim Lake, Anja Lubach, Attila Olah, Katie Pruden, Anna Silverton, Barry Stedman and Jean White. Pagell
BLUECOAT DISPLAY CEMfRE LDJITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Wall pieces by Lisa Ellul, Guy Holder. Michelle Hohnes and Janinc Partington. Bird paintings by Talia Hasid. Sculpture by Emma Rodgers and Johnny Veg&8. Glass by Helen Twigge- Molecey Flured Artist Member February 2025 Michelle Holmes Textiles 6th February Visit by Edge Hill University, Learning and Education Course x 8 students 8th FebruAry 2025 - Meet the Maker Event with Christin¢ Toh A chance for visitors and customer5 to informally meet and chat with Christine who chatted about her work using paper and demonstrated her origami pap¢r tecl)nique5. 22nd February 2025 - Meet the Maker EveDt wAtb Paullne Hughes A ¢hance for visitots and customers to infornially meet and chat with Pauline who chatted about her ceramics and demonstrated the use of plaster moulds for her micro mosaics. 6th March Visit by Leyland College Foundation Students x 3 6th March, Catalyst Meetlngg Liverpool Culture Networf( 22nd Marcb - Meet the Maker Event with Sarah Kirk A chance for visitors and customers to inforn]ally meet and chat with Sarah who chatted about her ceramics and demonstrated her hand coilcd ceramic techniques. Page 12
BLUECOAT DISPLAY CENTRE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW R¢s¢rves policy In accordance with the Statement of Recommended Pra¢ti¢¢ AoUnting by Charities, the directors are required to evidence in theiT reFX)rt that the charity has in place certain FK)lici¢s. These policics, agreed and forn]ally adopted by the dtrectors are &8 follows,. It is the p)li¢y of the charity to hold free reserves at a level which will provide &8SiStance for future years, operations. At 31 March 2025 unrestricted free reserves were in an overdrawn position of £8223 (£19216 overdrawn at 31 March 2024). As noted in the future plans summary> the economic climate is challenging but th¢ trustces and staff at the centre are working hard to increase revenue streams to rneet future obligations and build reserves. The charity'8 wholly owned subsidiary company Bluecoat Display Centre (Trading) Limited made a profit of £33,580 (2024 £23,124) on ordinary activities before tax and gift aid of £33,580 (2024 .£23,124). Gift aid receivable from the subsidiary company of £33,580 (2024: £23,124) has been included in the 8¢g)unts, At 31 March 2025, the subsidiary company held reseryes of £1, FUTURE PLANS In the early part of the 2024125 financial year the Blu0a1 Display Centre Director proaclively arranged meetings with funding IK)dies including our landlords the Bluecoat Arts Council, Liverpool City Councillors and Culture officers to access support which might k available to our charity. Generally. we were advised that many small arts organisations and charities were Struggling. In July 2024 one member of staff took voluntsry redundancy, and we focused on increasing sales in person and online to support the charity. Then in November another member of the team decided to take another job, we decided to manage with the Director and Assistsnt Director plus support from casual aff to keep our expenditure down. At the end of the year, we put out a fundraising appeal to our Core audience and Friends supporters which together with Christmas tjading and reduced staffing costs gave us some reserv¢s thTough thc final quart¢r of 2025. We introduced two new Directors to the Board with WmMeial business expertlse to advise on raising revenue, marketing and promotion. We plan to continue to focus on raising our income through sales of maker's work and have wntinued to prograrnme curated displays in the gallery as well as f¢aiur¢d makers online. Our new Meet the Maker programme on Saturday afternoons has giv¢n our visitors and gular audience the opportunity to interact directly and learn mor¢ about the work we feature and the techniques involved. Our community partners, Clatterbridge Cancer Centre (CCC) have re-cornmissioned us to facilitate the 2 x makers in residence for the third year towards thcir arts progrnmme with patients, their families and staff. Bluecoat Display Centrc fulfil th¢ arts activity offer at CCC ongSide much larger arts otEanisations including the Royal Philharnionic Orchestra and FAcf Liverpool. We are making funding applications which, if successful, would support new community partnerships and projects &s well &s enabling a dedicated member of part-time staff to focus on this new work. Th¢ Team and Directors continue to work hard to secure the futur¢ for the Charity, and this work does seem to have resulted in 8Te&ter economic stability, Page 13
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dllment The charity is controlled by its governing documenl a deed of trust, and constitutes a limit companys limited by guarantee, as deflld by the Companies Act 2006. Re14ted party relatfionshlp$ The chariiy owns IOOO/o of the shwy capital of Bluecoal Display Centre (Trading) Limited. To protect the charitable status of the parent company, this trading subsidiary was established on 22nd December 2010 to carry on its trading activities. Retrllfitment And 2ppolntment of new dfireetorsl(trusteeg) A regular review of directors is Carried out to ensure that proper skills and an interest in the areas of applied art and design ar¢ fully represented. New directors undergo an induction process to brief them about their obligations. and they are encourn8ed to attend appropriate and regular dire¢tots' meetings to help understand their role. Organigational structure The trustees have overall responsibility for the affairs of Bluecoat Display Centre Limited. Day to day management of the Charity is delegated by the trustees to the Centre manager Kate Moult (previously Sam Rhodes), STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The d1CtorS have a duty to identify and review the risks to which the clwity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. InvestmeDt pollcy Having considered the options available, the trustees have decided that bank deposits m¢et their wuirements for short and medium protection of the charity's resources. Pay policy for Senior Stfdff The directors consider the board of direclors, who are the charity's trustees and Kate Moult, the Centre manager to Comprise the key management personnel of the charity, in charge of directing, controlling, nmning and operating the charity on a day-to-day bls. All directors give their time freely and no director received remuneration for their role as director in the y¢aT. The pay of staff is reviewed annually and nomially incre&8ed in accordance with average earnings and d¢dIng on the results of the Charity and its subsidiary for the year. Page 14
BLUECOAT DISPLAY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered CompAny number 03175344 (England and Wal¢s) Reglstered Charity number 1136680 Reglstered oifi¢e America House Rumford Court Rumford PlacK Livewl L3 9DD Trustees D A Backhouse PDWo( G Curry A Whittaker Mrs J Fordham A Appleton A Won8 K Cowie (appointed 18.6.24) P Kins¢lla (appointed 18.6.24) Th¢ directors have overall responsibility for ihe affairs of Bluecoat Display CenttE Limited. Day to day management of the Charity is delegated by the dittctors to Kate MoulL the Centr¢ manager. The Trustees and the Centre manager are considered to k key personnel. REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary K Moult Page 15
BLIJF.(-.OAT I)1SP1.A Y CFry.Ni41"Rl:. I.IMITI.'D Rl.'P()R T ()F". 'riii.. rRI18TI.'ES rok T141. YI.'AR I=NI)I'. I) I I fvIAR(.'FI 2026 IndepfDdoDI li iunilner IAlihoii%L' II, ( iTrliiliAliI l.-hfirtvrcd AL¢Olllltaiilg AintriiA I It)11.%L'. Riini li)nl c'i)1111 Riiiiilord l)laLI' .3 Ql)l) Cl)hl)IE)C.LNIF.NT ()F ACTII'ITIF,14 I lil ¥-iYnpani' h8% OPQrniin8 %inLc i111prat11)n on 20 MarG.h 1996 a$ a cK>mpany limiied hy guarantee. C)n 7 .liin¢ 71111) Ilie lvnipani l Mimoraiidum and Article¥ of AbsuL'iation were amended. and the company wa rebllstered as a ¥liariti' ihe C.l)ariiies l.nin15510n. Thi?i rcp()n has beLa7 pr¢pBr¢d in aicordanLe will) the special provisions of Part 15 of th¢ Cnmpanies AGI 2n06 relaiing to ?mall ¥ompanies. .4pproved bs, ord¢r of the board of trustees on .. and on its behalf by., A Illhitthker- TrUse Pa8e 16
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLUECOAT DISPLAY CENTRE LIMITED Independent examiner's report to the trnstees of Blue¢ov4t Display Ceutre Limited ('the Company,) I report to the charity tnLSte¢s on my examination of the accounts of the Company for ihe year ¢nd¢d 31 March 2025. RL8ponsibililies and basis of report As the charity's trustees of the Company (and also its dircctors for the purposes of company law) you are responsible for the praration of the accounts in accordance with the requirements of the Companie5 Act 2(K)6 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligibl¢ for independent examinatioffj I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my exafflination I havc followed the Dir¢thions given by the Charity Commission under Section 145(5) (b) of th¢ 2011 Act. Page 17
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF BLUECOAT DISPLAY CENFRE LIMITED Independent examtn¢r's $tst¢ment - matter5 of concern identified I have completed my examination. I hav¢ wmpleted my examination. The accounts have been prepared on a going concern basis. Unrestricted funds are overdrnwn by £8,223 at the Balance Sheet date. Unrestricted in¢ome generated in the year has been sutyicient to meet th¢ outgoing Ten( wages and other core running costs arising in the year but h&$ not bccn sufficient to fully clear the overdrawn unrestricted funds balance brought forward at l April 2024. This gives me reasonable cause to doubt the ¢harity'S ability to continue a5 a going ¢on¢ern. I ¢onfimi that no other matters have corne to my attention in connection with the examinalion giving me reasonable cause to beli¢v¢ that in any mateiial reSPt. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not Comply with the accounting requirerncnts of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considcred &s part of an independent ¢xamination; and th¢ aount$ have not been prepared in accordanc¢ with the methods and principles of the Statement of Recommended Practice for accounting and portIng by charities (applicable to charities preparing their ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I confirni that there are no other matters to which your attention should be drawn lo enablc a proper understanding of the accounts to Et reache(I Samuel Evans BS¢ (Hons) FCA Malthouse & Company Chartered Accountants America Hous< Rumford Court Rumford Place Liverpool Merseyside L3 9DD Dat¢: .... TroT6 Page 18
BLUECOAT DISPLAY clIE LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 IRCH 2025 31.3.25 Total funds 31.3.24 Totsl funds Unrestricted Restricted fund funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies 27290 29,313 56.603 14,420 Charitsble Activities Other support costs 954 954 2.852 Invesknent income Totsl 110281 139 594 EXPENDITURE ON Charitable activities Other support ¢osts 102 736 128 332 121627 NET INCOMEI(EXPENDITURE) Transfers between funds 7,545 3,717 11,262 (36.098) 16 Nel movement In fvnd$ 10,993 269 11,262 (36,098) RECONCILIATION OF FUNDS Total fillS brought forward (19,216) 13,453 (5,763) 30,335 TOTAL FUNDS CARIUED FORWARD 13,722 5,499 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. There are no gains or losses other than those sholvn abov¢. All income and expenditure derives from continuing activiti¢s. The notes fom] part of these fmancial statements Page 19
BLUECOAT DISPLAY CENTRE LIMITED BALANCE SHEET 31 MARCH 2025 31.3.25 31.3.24 Notes FIXED ASSETS Tangibl¢ &ssetS Inveslments 10 828 1,167 829 1,168 CURRENT ASSETS Ikbtors Cash at bank and in hand 12 203 27,569 429 51,440 27,772 51,869 CREDITORS Amounts falling due within one year 13 (23,102) (58,800) NET CURRENT ASSETSI(LIABILITIES) 4.670 6,931) TOTAL ASSETS LESS CURREIYT LIABILITIES 5,499 (5,763) NET ASSETSI(LIABILITIES) FUNDS Unrestricted funds Restricted funds 16 (8,223) {19216) TOTAL FUNDS The ¢haritsble company is entitled to exemption from audit under Section 477 of the Companies Act 216 for the year ended 31 March 2025. The rnembe have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in aordanCe with Section 476 of the Companies Act 2006. The note5 forni part of these financial statements Page 20 continued...
BLUECOA'f DISPLAY CENTRE LIMITED BALANCE SHEET - coniinu 31 MARCH 2025 lhe trustees acknowledge their respon8ibilities for (a) eii.¢urin8 tliat ihe cliarilable coini)8ny keeps acL'ounting records that comply with sli0n$ 386 and 387 of the Compaiiies A612006 aiid (b) preparin8 fiiian¥ial siAtenienls w,hi611 Bive a trne and fair view of the stal¢ of Affairs of the Charitable nipan!, ai Ihe Llid of ea¢l) finanL'ial year And of lis surplus or deficii for each financfral year in aLcnrdan¢e M'itl) the requir¢iiient5 01. Sections 394 ond 395 and which otherwise comply with th¢ requiroinenLS qi1" the C4)iiipAiJics ALI 2006 relatill¥ lu financial 5tatemcntS. so far as appli¢abl¢ to the ¥haritable tioiiipaiii,. LK" linaiicial si&ienients have been prepared in aOrdanCe with the provigions applicabje to charitsble Jmkwni&s bubject io the small ¢ompRnies re8ime. Tli¢ lin Cia 'taiem¢nrs were approved by ili¢ Board of Trust5 and authorise41 for issue on 13)2l.............. and We si8ned on its behalf by: A Whiltaker - TNstee The notss forni part ofihes¢ financial statements Pa8e21
BLUECOAT DISPLAY CENfRE LIMrrED NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTIIYG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financi statements of th¢ Chilable company) which is a public Exnefit entity under FRS 102, hav¢ been pr¢paTed in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice appli¢abl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019),, Financial R¢porting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost Conventio with thc cxception of investments which are included at market value. The company has been operaling since incorporation on 20 March 1996. as a ¢ompany limited by guarantee. On 7 June 2010, the company's Memor8ndum and Articles of Association were amended by resolution, and the company was 8]Stered &% a charity with the Charity Commission. COING CONCERN The accounts have been prepared on a going concern basis. The charity a net &ssets Posltion at the Balance Sheet date, but unrestri¢ted funds are overdrawn by £8,223 at thc ycar end. Whilst income generated in the year has been sufficient to meet the outgoing rent, wages and other Core running costs in the year, it hasn't been sufficient lo fully clear the overdrawn unrestricted balance brought forward at I April 2024, The economic climate is challenging but thc trustees and staff at the centre are working hard to increase revenue streams to meet futur¢ obligatiOTJS and build reserves. Wages and renl remain the biggest challenge in temis of core costs. Staff numbe have now been reduced to the absolute minimum and negotiations are ongoing with the landlord in advance of the lease renewal. PREPARATIO]Y OF CONSOLIDATED FINANCIAL STATEMENTS The financial statements contsin infornialion about Bluexoat Display Centre Limited as an individual company and do not Contain consolidated financial infomiation as the par¢nt of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from th¢ rcquir¢m¢nts to prepare consolidated financial statements. Th¢ charity h&s also claimed exemption from preparing a cash flow statement as it qualifies as a small company. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Estimates and judgements continually evaluated and are based on historical experience and other factors, including ¢xp¢ctations of firture events that are believed to be reasonable und¢r 11 circumstances. The charity makes estimates and &isumptions concerning the future. The resulting accounting estimate5 and assumptions will, by definition, seldom equal the Telated actual results. No judgements (apart from thoK involving estimates) have been made in the process of applying the abov¢ aoUnting policies. Page 22 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - eontinued INCOME All inwming re50uTces are included on the Statement of Financial Activitics in the period in which there is entitlement provided there is sufficient Certainty that receipt of the income is considered probable and the amount can be rnUd reliably and any perforn]ance conditions atth¢d to the it¢m(s) of income have been met or are fully within the Control of the charity. Donations and legacy income includes gift& donations and grants of a general nature. Legacies are recognised on the earlier of: - when a distrtbution 15 received from the estste; or - when it AS probable a distribution will be received. R¢¢¢ipt of a legacy is nornllY considered probable wh¢n: - there ha5 been a grant of probate. - the executors have finalised the estate and notified the charity a distribution will be made; and - any conditions attached to the legacy have been met or are within th¢ charity's control. INVESTMENT INCOME Investment income fiDrn bank deposils is recognised on a re]Vable basis. EXPENDITURE Expenditure is recogniscd once there is a legal or wnstrn¢tive obligation to make a paymenl lo a third it is probable that settlement will be required and the amount of the obligation be measured reliably. ExndItUre has been classified under headings that aggregate all costs related to the category. WheJE costs cannot be directly attributed io particular h¢adings they have been allocated to activities on a basis consistent with the use of resources. Charitable expenditure ¢omprises those costs incurred by the charity in the delivery of its activities and includes costs that can be allocated directly to such activities and thos¢ ¢osts of an indir¢¢t nature necessary to support them including governan¢¢ costs. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Building proj¢¢t Building alterations Fixtures and fittings Computer equipment Fully depreciat (previously 200/0 on cost) l OQ/o on reducing balance 200/0 on reducing balance 20D/o on cost Page 23 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - eontinued TANGIBLE FIXED ASSETS Fixed assets are recognised at cost with assets over £500 capitslised. TAXATIOIY The charity is exempt from corporalion tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. Restricted funds can only be used for particular restri¢t¢d purpos¢s within the objects of th¢ charity. Restrictions arise when sp¢cifi¢d by the donor or when funds ar¢ raised for particular restricted purposes. HIRE PURCHASE AND LEASING COMMITMENTS Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charitable company operates a defined contribution pension scheme. Contributions payabl¢ to the scheme are charged to the Statement of Financial Activities in the period to which they relate. FIXED ASSET INVESTMEN]S Fixed asset investments relate to shares held in the subsidiary trading Company and ar¢ ststed at cost less any provision for impainnent, FINANCIAL INSTRUMENTS Th¢ chaTity only has financial sCts and liabiliti¢5 of a kind that qualify &8 b&8ic financial instruments. CASH AT BANK Cash al bank and in hand includes c&sh and short terni highly liquid investments. CREDITORS Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount du¢ to s¢ttle the obligation can be mc&sured or estimated reliably, Credilor6 ar¢ nornially r¢cognised at their settlement amount aft¢r allowing for any trade discounts due. Page 24 continued...
BLUECOAT DISPLAY CENTRE LIMrrED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES Restricted Unrestricted fimds fimds Total 31.3.2025 Total 31.3.2024 Donalions and gifts SUbriptIons 14,082 2.708 14.082 2,708 1,425 3,171 29 Total 31.3.2024 ANALYSJS OF GRANIS 31.3.2025 Ulrike Michal Foundation The Clatterbridge Cancer Centr¢ NHS Foundation Trust CD Collins Trust Alder H¢y Residencies Hemby Trust 2,000 27.313 10,000 500 7,324 INVESTMENT INCOME Unrestricted funds Total 31.3.2025 Total 31.3.2024 Rent received from trading subsidiary Gift aid receivable fiDm trading subsidiary Interest on ¢&sh deposits 47,941 33J80 516 47,941 33,580 516 44360 23,124 773 Pag¢ 25 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES Restricted Unrestrictsd funds funds Total 31.3.2025 Total 31.3.2024 Workshops and lectures Consultancylfacilitator fees 954 954 2,340 512 954 954 SUPPORT COSTS Management Finance Totals Unrestricted funds R¢stri¢t¢d funds 102,100 25.596 636 102,736 127,696 636 128,332 Support costs included in the above are as follows: 31.3.25 31.3.24 Salaries Pensions Recharge of running costs from subsidiary Rent and service charye Accounlancy and Independent Examination fe¢ Accountancy - other services Sundries Outreach project costs Exhibition costs Depreciation of fixed assets Interest payable and similar Charges 31,716 2,969 5.000 59,926 2,500 778 966 3249 20254 338 636 35,850 4,008 6,045 55,450 2,500 674 161 13269 3,278 347 45 128 332 121627 Page 26 continued...
BLUECOAT DISPLAY CEMfRE LD[TED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 NET INCOMEI(EXPENDITURE) Net r¢sources are stated after chargingl(crediting): 31.3.25 31.3.24 Depreciation - owned assets Independent examinerfs remuneration Other operating leascs 338 2,500 347 2,500 TRUSTEES, REMUNERATION AND BENEFITS There was no trustees, remuneration (or benefits) for th¢ year ended 31 March 2025 nor for the period ended 31 March 2024, TRUSTEES, EXPENSES There were no trustees, expenses paid for the year end 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and Salaries Pension costs 31,716 35,850 4,008 The average monthly number of employees (equivalent full-time stafo during the year was as follows: 31.3.25 31.3.24 Management Other administrative staff Gallery assistants Assistant directors Wages and salaries include £495 in respect of employers national insurance after allowing for the En]ployers National Insurance allowance (2004 £1,{1). Page 27 continued...
BLUECOAT DISPLAY CENfRE LIMtTED NOTES TO THE FtNANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS - continued Th¢ key management personnel of the charity comprise the Trustees and the Centre Manager. The total employee r¢mun¢rdtion of key management personnel was £15,580 gross salory plus employers nation insurance of £1,522 (2024: £17,102). The average monthly headcount was 5 staff (2024: 5). Redundancy pay of £1,486 was paid in respect of one employee in the year. No employees received employe¢ b¢n¢fits (excluding employer pa]sion costs) of rn0 than £60,000. COMPARATIVES FOR THE STATEMENT OF FIIYANCIAL ACTJVITIES Unrestricted Restricted fund fimds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 4,596 9.824 14,420 Charltable aetlvltles Other support costs 2,852 2,852 Investment income Total EXPENDITURE ON CharitAble actlvltles Other support costs 104,788 121627 NET INCOMEI(EXPENDITURE) Transfers between funds (29,083) (7,015) (36,098) Net movement in funds (1,763) (34,335) (36,098) RECONCILIATIOIY OF FUNDS Total funds brought forward (17,453) 47.788 30,335 TOTAL FUNDS CARRIED FORWARD 19 13,453 5,763 Page 28 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FtNANCIAL STATEMENfs . continued FOR THE YEAR ENDED 31 MARCH 2025 10. TANGIBLE FIXED ASSETS New building pmject Fixlures Building alteralions Computer equipment fittings Totals COST At I AFfil 2024 and 31 March 2025 186387 250 690 DEPRECIATION At l April 2024 Charge for year 186.387 3,866 21 40,537 26 18,733 292 249J23 339 At 31 March 2025 186387 249 862 NET BOOK VALUE At 31 March 2025 190 104 534 828 At 31 March 2024 211 130 826 The Trlew building projecv relates to building alterations of the property that is rented by the Bluecoat Display Centre Limited. FIXED ASSET INVESTMENTS Shares in undertakings MARKET VALUE At l Atril 2024 and 31 March 2025 NET BOOK VALUE At 31 Marth 2025 At 31 Marth 2024 There were no inVestmt &ssets outside the UK. Th¢ company's investments at the balance sh¢¢t date in the share capital of companies include the following: Page 29 continued...
BLUECOAT DISPLAY CENfRE LIMITED NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2025 I I. FIXED ASSET INVESTMENTS - ¢ontinued Blueeoat Display Centre (Tradlng) Llmfited Registered office: America House, Rumford Cour¢ Rumford PlaLY, Liverpool. L3 9DD Nature of business: Promoting arts and culture. Class of share: Ordinary holding loo 31.3.25 31.3.24 Aggregate capital and reserves Profit for the year before gift aid donation 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Bank interest re¢eivable 203 429 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade Creditors Social security and other tsxes VAT Other creditors Accruals and deferred income Intercompany loan account 4,370 5,361 2,562 745 2,501 5,197 3,288 1,080 11,788 Othcr ¢reditors include £745 (2024: £1,080) in respect of the defincd contribution pension schcme. Deferred incom¢ of £9.288 brought forward from the previous year IKing unspent grant income as at 31 March 2024 h&8 been released during the year. Page 30 Continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FtNANCIAL STATEMENTS - continued FOR TFtE YEAR ENDED 31 MARCH 2025 14. LEASING ACREEMENTS A licence to occupy the Cent premises was signed in December 2020 with a commencement date of I October 2020. A minimum of l year must elapse before the charity can give notice, On ternlinati0 of the licence, a minimum notice period of three months must be given. The licence was extended frorn September 2025 to June 2026 at a rate of £3,601 per month. I& ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Total fwidy Unrestricted fund Restricted fimds Fixed assets Investments Current assets Current liabilities 828 828 1,167 14,050 13,722 27,772 23.102) 51,869 Page31 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS Nel movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fund (19216) 7,545 3,448 (8,223) Restricted funds Thc Hemby Tnt The Cadenl Foundalion Liven)ool City Council The Clatterbridge Cancer Centre NHS Foundation Trust Ulrik¢ MA¢hal Foundation 2,500 3,448 7,505 (2,000) 500 (3,448) 7505 5J17 400 5,317 400 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources Resources expxnded Movcmcnt in fimds Unrestrlcted funds Gen¢ra] fund 110.281 (102,736) 7.545 Rutricted fullds The Hemby Trnst The Clatterbridge Cancer Centre NHS Foundation Trust Ulrike Mi¢hal Foundation (2,000) (2,000) 27,313 2,000 (21,996) {1,600) 5,317 400 29 TOTAL FUNDS 139.594 128,332) 11262 Page 32 conlinucd...
BLUECOAT DISPLAY CENfRE LIMITED NOTES TO THE FINANCIAL STATEMENfs - Continued FOR THE YEAR ENDED 31 MARCH 2025 I& MOVEMENT IN FUNDS - eontinued Comparatives for movement in funds N¢t movement in fiu)ds Trdnsfers between funds At 31.3.24 At 1.4.23 Unrestrieted funds General fund (17,453) (29.083) 27.320 (19.216) Restricted fund8 PH Holt Trnst The Hemby Trust The Cadcnt Foundation LiveK)01 City Counci Frohlich Estate Award 1.820 (1,820) 2JOO (3,145) {6,370) 2,500 3,448 7,505 6,593 13.875 TOTAL FUIYDS 30,335 36 098) Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrffieted funds Genernl fund 75.705 (104,788) (29,083) Restrkted fund5 I'he Hemby TTUSt The Cadent Foundation Liverpool City Council The Clatterbridge Cancer Centre NHS Foundation Trust 2JOO 2,500 (3,145) (6,370) (3,145) (6,370) TOTAL FUNDS 85,529 121,627) 36,098) Page 33 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FNANCIAL STATEh(ENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- eontinued A currenl year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestrlcted funds General fimd (17.453) {21,538) 30,768 (8,223) Restrieted funds PH Holt Trust The Hcmby TrSt The Cadent Foundation Liveryyool City Council Frohlich Estate Award The Clattertridge Cancer C¢ntre NHS Foundation Trust Ulrike Michal Foundation 1,820 (1,820) 500 (3.145) (6J70) 500 6,593 13,875 25.500 (3,448) 7,505 (25,500) 5,317 400 5J17 400 TOTAL FUNDS 30 24 836) Page 34 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FtNANCIAL STATEMENTS - continu FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in fimds, included in th¢ above are as follows: Incoming resources RQUr Movement expended in fimds Unrestri¢ted funds General fund 185,986 (207,524) (21,538) Rejtrlcted funds The Hemby Tnist The Cadent Foundation Liverpool City Council The Clatt¢rbridg¢ Cancer Centre NHS Foundalion Trust Ulrike Michal Foundation 2500 (2,000) (3,145) (6370) 500 (3,145) {6J70} 34,637 2,000 (29,320) (1,600) 5,317 400 TOTAL FUNDS 225 123 249 959 The Cadent Foundation Funding to be used to support outreach projects with a series of artist led workshops. The Hemby Trust and Clatterbridg¢ can Centre NHS Foundation funding is to IE used to support outreach projexts. Liverpool City Council fimding towards CEV programme of events comprising outre&¢h art and craft workshops. Ulrike Michal Foundation received to fund a series of window instsllations. TRANSFERS BETWEEN FUNDS An amount of £3,448 remained unspent in respect of funding reived from Ihc Cadent Foundation in an earlier ycar. The project has now been Completed, and it has been concluded that this amount related to unrestricted purposes. Page 35 continued...
BLUECOAT DISPLAY CENTRE LIMITED NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 17. RELATED PARTY DISCLOSURES crltorS include an intercompany loan balance of £7,563 (2024: £36,536) being the amount due to the subsidiary company* Bluecoat Display Centre (Trading) Limited at the year end. This is afier a gift aid donation from the trading subsidiary of £33,580 (2024; £23,124) Bluecoat Display Centre (Trading) Limited paid £47,941 {2024: £44,360) to the parent chwitsble company in respect of rental payments for use of the premises leased by the charitable company and charged £5,000 (2024:£ 6,045) to the parent charilable company in respect of running costs. A Whittaker is a trustee of the charity. He was apllnt¢d a director of Bluecoat Display Centre (Trading) Limited on 23 March 2018. 18. ULTIMATE CONTROLLING PARTY The company is controlled by the board of Directors. Page 36
BLUECOAT DISPLAY CENTRE LIMrrED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Dongtions and legacies Donations Grants Subscriptions 14,082 39,813 2.708 1,425 9,824 56,603 14,420 Investment income Gift aid payment due from subsidiary company Rent receival from subsidiary Deposit a¢Unt interest 33,580 47,941 516 23.124 44J60 773 82,037 68,257 Charitsble activitie$ Workshops and tKctures Consultancylfacilitator fce 954 2540 512 954 Totsl Incomlng re80urceg 139,594 85,529 EXPENDITURE Support costs Management Salaries Pensions Recharge of running costs from subsidiary Rent and service charge Accountancy Accountancy - oth¢r services Sundries Cled forwanl 31,716 2,969 5,000 59,926 2,500 778 966 103.855 35,850 4,008 6,045 55,450 2.500 674 161 104.688 This page does not forni part of th¢ statutory financial slatements Page 37
BLUECOAT DISPLAY CENfRE LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Management Brought forward Exhibition costs Outreach project costs Improvements to prop Fixtures and fittings 103.855 3249 20,254 21 317 104,688 16547 23 324 127.696 121,582 Finance Bank interest 16 45 Governaftce ¢ostS Interest payable 620 Total resources expended 128 121627 Net Incomel(expendlture) 36 098) This page d(S not forni pllrt of the statutory financial statements Page 38