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2022-03-31-accounts

CHARNWOOD ARTS

(A Company Limited by Guarantee)

ACCOUNTS FOR THE YEAR ENDED

31 MARCH 2022

Charity Number: 1143163 Company Number: 7477378

Cound & Co LLP

Chartered Accountants

1 Princes Court Royal Way Loughborough Leics LE11 5XR Tel: 01509 214163

CHARNWOOD ARTS

FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS:
TRUSTEES REPORT
CHAIR’S REPORT
INDEPENDENT EXAMINER’S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTS		 PAGE
1-6
7
8
9
10-11
12-18

- 1 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

CHARITY NUMBER: 1143163 COMPANY NUMBER: 07477378 PRINCIPAL OFFICE: 27 Rectory Place, Loughborough, LE11 1UW ACCOUNTANTS: Cound & Co LLP, 1 Princes Court, Royal Way Loughborough, Leics, LE11 5XR BANKERS: Caf Bank, 25 Kings Hill Avenue Kings Hill, West Maling, Kent, ME19 4TA SOLICITORS: Hawley & Rodgers, 19-23 Granby Street, Loughborough, Leics, LE11 3DU TRUSTEES/DIRECTORS: Chair: Gabriella Maffioli Elected Trustees: Kate Clift Gabriella Maffioli Richard Gatward (resigned 18/06/2021) Kamini Patel Abida Akram (appointed 07/06/2021) Simon Downs (appointed 07/06/2021) Susan Warner (appointed 07/06/2021) Emma Naing (resigned 17/08/2021)

Charnwood Borough Council Nominees: Cllr Colin Hamilton Cllr Jenny Bokor Cllr Margaret Smidowicz Chief Executive Officer Shirley Novak Financial Administrator Julio Ortiz

- 2 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Charnwood Arts is a registered charity and a private company limited by guarantee. Our Memorandum and Articles of Association were approved by the Charity Commission before the assets and activities of Charnwood Arts (an unincorporated charity number 505977) were acquired on 1 September 2011. The company was dormant from its formation on 23 December 2010 until 31 August 2011.

Appointment of Directors

The appointment of Directors is set out in articles 27 to 38 of the Memorandum and Articles of Association. The Chair, Secretary, Vice Chair and Treasurer are elected at the AGM. All Directors may serve for up to three years in any specific officer role followed by a further three years in a different specific role if so selected.

Charnwood Borough Council additionally appoints three serving members to the management committee for the purpose of scrutiny. The meetings are additionally open to the attendance of officers of Arts Council England and to officers of Charnwood Borough Council, the main funding agents of Charnwood Arts.

Director/Trustee Induction and Training

New Directors are invited to meet with the Executive and Administrative staff of Charnwood Arts to discuss the operation of the organisation. An incoming Chair will also meet with the CEO and the Arts Council Relationship Manager to better understand the responsibilities associated with that role. Directors are informed of other requirements imposed by funding bodies and issues of compliance and are involved in policy development as part of getting to know and understand the wider remit of the Trustee role. Current policy documents are available to all on-line and there is an active annual review process.

Directors.

Additional Trustee away days take place to develop the policy and programme direction of the organisation. Directors are encouraged to undertake additional external training and a training needs analysis is undertaken whenever there are substantial changes in the makeup of the Directors.

Organisation

The Management Committee of Charnwood Arts Council may have up to thirteen people – up to ten Directors and three nominated members of Charnwood Borough Council. The latter are non-voting posts. The Board oversees the general operation of the charity, monitors its work and finances and makes and reviews the policies of the organisation.

A Chief Executive Officer and a Company Administrator are employed to manage and oversee the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive Officer has delegated authority, within terms of delegation approved by the Directors, for operational matters including finance, employment and artistic performance related activity. Project and programme managers are employed to oversee specific elements of the organisation’s work.

- 3 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

Related Parties

The charity has a close relationship with a number of other organisations. These include:

Risk Management

The Management Committee meet six to eight times a year to monitor and review practice and policy, discuss new projects and receive quarterly financial reports. Additional sub-committee meetings take place between full meetings . An annual risk assessment and health check is undertaken with Arts Council England (ACE). The organisation is monitored by ACE and Charnwood Borough Council in respect of specific services. The organisation has developed systems and practices to mitigate those risks identified in planning and through governance.

Objectives and Activities

The charity’s objects are specifically restricted to the following:

To foster and promote knowledge, improvement, understanding and appreciation of the arts and education in the arts among the people of Charnwood, the East Midlands Region and nationally and internationally as the trustees decide, in particular but not exclusively by:

The charity has the general aim of contributing to the quality of life and social cohesion within the area of the borough of Charnwood and the East Midlands by providing opportunities for people to engage with creative projects and performances within a coherent community arts and a broader cultural approach.

In planning our activities and programme development the Directors/Trustees have considered the Charity Commission guidance on public benefit. Charnwood Arts is committed to providing low or no cost opportunities for the people of Charnwood to experience the arts, across different art forms and across a wide range of interests and social needs.

Our vision is to create, through active dialogue with artists, organisations and the public, a balanced programme which forms a network of supportive relationships to bring about a wide range of benefits through the arts. Our programme is built upon extended dialogue with potential beneficiaries, a commitment to growing relationships and the fullest exploration wherever possible of primary, secondary and tertiary benefits.

The main objectives for the year were related to the development and delivery of the following:

- 4 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

Achievements and Performance

We have enjoyed good partnership and development relationships with a number of other external organisations including: Leicestershire County Council, The National Forest, Fearon Hall Community Association, Loughborough University, Attenborough Arts Centre, a number of Leicestershire Schools and specialist colleges, After 18 (young refugees group) and Charnwood Borough Council.

During the year we successfully secured an extension of funding from the Arts Council covering core costs for another year (March end 2023).

Other income in 2021/22 includes:

CBC Museums Community Fund Charnwood Community Grants Carlton Hayes Shire Community Grants

The year of 2021/22 will be notable for a number of reasons but highlights include a completely new team, a new home and an optimistic prospect for the future. We left our office at Fearon Hall in October due to a number of factors including lack of accessibility, ventilation and a growing team. We continue to partner with Fearon Hall but we have now moved to a ‘fit for purpose’ building. For most of the year the team worked remotely from home, but despite this our highlights include:

The development and implementation of CAPE .

We continually strive to learn, develop, and understand the impact of the work we undertake. This learning may take a variety of forms and approaches yet is intended to be platformed upon core organisational values, aims and intentions whilst characterised by requirements determined by funders. The development of CAPE (Charnwood Arts Performance and Evaluation) operational procedure guides our approach to planning, implementing, learning from, and reporting on our creative offers.

Projects:

- 5 –

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

Achievements and Performance (cont’d)

Set in Fearon Hall café, Eat Breathe Create sessions focus on enabling people who experience social isolation to participate in arts activities to support wellbeing and community connectivity. This attracts around twenty people a week working with local artists and culminates in a number of exhibitions over the year.

Working with three local schools, we used music and creative expression to celebrate being uniquely ourselves, with an aim to encourage good mental health and wellbeing for children and young people. The programme included an introductory workshop with a series of creative activities, ongoing support and lead to each school recording their very own Just Be You! version of the song. Each school’s recording has been combined to create a community single, with a short visual to accompany (adhering to government guidelines) and sharing with the world that it is OK to Just Be You!

In partnership with Leicester Musical Memory Box, Charnwood Arts have been successful in obtaining Shire Grants funding to offer Charnwood Musical Memory Box sessions throughout 2021/22. These free, interactive music-based sessions include singing, music and gentle seated exercises, designed for individuals and their loved ones affected by dementia.

Nine local artists were offered a package that included: work placements, training, peer mentoring, practice support, exhibition, performance and publishing opportunities. This was a successful pilot that we are taking forward into the 2022/23 year.

This year saw the close of the1620s House & Garden project which was an Arts and STEM project informed by the Age of Enlightenment, which saw a revolution in science and scientific thinking. Artists worked in collaboration with schools, young people (0-25 years) and families to experiment with new ideas and develop new programmes of activity, with participants creating their own stories. We are hoping to continue our relationship with 1620s House & Garden at Donington le Heath and looking to work together on a heritage project next year.

Financial Review

Despite some restrictions due to Covid-19, Charnwood Arts successfully expanded its range of artistic programmes to meet varying needs of the local communities. This led to reviewing the suitability of our accommodation and securing larger premises that will allow a diverse range of projects to be carried out in house.

The organisation remains a highly effective, efficient and economical organisation with excellent outputs and a significant range of impacts on the area and in people’s lives. Continued support from Arts Council England and Charnwood Borough Council enables us to meet our core costs and in-house delivery programme and sets the organisation on a firm footing for future programme development and income generation. Charnwood Arts managed to secure new sources of funding for innovative projects in the current uncertain economic climate.

Reserves Policy

The level of reserves will be increased to take into account the higher rent for the new larger premises. Our aim is to hold reserves which will minimally allow for three months’ operation should all other sources of funding be unavailable. A policy for reserves is in place.

Accommodation

Charnwood Arts resides at 27 Rectory Place, Loughborough, LE11 1UW.

- 6 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

Trustees' Responsibilities Statement

The trustees (who are also directors of Charnwood Arts for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.

On behalf of the Board

Gabriella Maffioli Chair

13 June 2022

- 7 -

CHARNWOOD ARTS

CHAIR’S REPORT FOR THE FOR THE YEAR ENDED 31 MARCH 2022

We are Charnwood Arts (Limited), a charity incorporated as a private company limited by guarantee. We have a strong Board/Management Committee.

At June 2021’s AGM we appointed four new trustees, taking the membership to eight. By August 2021 two of our members for personal reasons had resigned. At the time of writing we have approximately four prospective Board members who are in the process of being voted on to the Board.

In October the Trustees and CEO Shirley Novak attended a day’s training. Leesa Harwood from By The Waves consultancy conducted a most informative and comprehensive session about Trustee obligations.

2021- 22 proved to be almost as challenging as 2020-2021 because of the ongoing Covid variants crisis. Charnwood Arts staff worked both at the office and from home. Sustaining all the operational planning and strategic trajectory of the Charity was executed with such good humour and determination. Staff have been heroic - but it has had its inevitable stresses that moving into our new accommodation should mitigate. We have been very fortunate to find suitable accommodation which has great potential for Charnwood Arts’ core mission.

The additional need to find new premises became particularly apparent because our accommodation at the time did not comply with Covid safety obligations and our disability policy. Our new accommodation chimes with our ambitious Business Plan - this points to a very happy and healthy future for the charity and the community it serves. Much, however, is predicated on our securing NPO re-designation for 2023 to 2026. Arts Council England generously added an extra year’s funding to our current NPO funding. It is appreciated that the Charity has to make a convincing case for continued NPO status: the application for this is currently in train. Charnwood Borough Council continues to fund the Charity for which we are most grateful, particularly at a time of unavoidable cuts.

CEO Shirley Novak and the team have presented reports at each Trustee meeting. In this annual report Shirley has outlined only some of the creative projects that have been and are being implemented. The Trustees of Charnwood Arts are very proud of CEO Shirley Novak and her team for producing such a breadth of work. Community uptake has been steady but we know we need to attract hard-to-reach members of the community, including young people. The Business Plan comprehensively addresses this fact. In 2021 Bright Culture Consultancy carried out for us excellent research on Charnwood’s demographic composition and how the community perceives culture and the arts as part of their lives. This will inform the Charity and Trustees’ work for 2022-2023 and beyond.

In the year we said good bye to James Chantry who has been appointed to the School of Design and Creative Arts at Loughborough University. We wish James every success and thank him for his years of service to Charnwood Arts. Also last year we welcomed Councillors Jenny Bokor and Margaret Smidowicz as observers. Cllr Colin Hamilton continues in the same role. We are very grateful for their input and enthusiastic support. The Charity’s social network platforms are being improved with the welcome assistance of Loughborough University design students.

It is the Trustees belief that Charnwood Arts is in a very good place for fulfilling its commitment to the Charnwood Community. Sadly, the projected new pandemic is said to be poor mental health. All of us at Charnwood Arts believe that arts, culture and creativity must play a pivotal role in securing the community’s health in collaboration with other diverse agencies with a similar mission.

Gabriella Maffioli – Chair

13 June 2022

- 8 -

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

CHARNWOOD ARTS

I report on the accounts of the company for the year ended 31 March 2022, which are set out on pages 9 to 18.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees (who are also the Directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR

13 June 2022

- 9 -

CHARNWOOD ARTS

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Charitable Activities:
Grants and Earned Income
Investments
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON:
Raising Funds
Charitable Activities
TOTAL EXPENDITURE
Net (Expenditure)/Income
Transfers Between Funds
Net Movement in Funds
RECONCILIATION OF FUNDS:
Total Funds Brought Forward
Total Funds Carried Forward		 2022
2022
2022
Restricted
Designated
Unrestricted
Notes
Funds
Funds
Funds
2
-
76
-
3
41885
1700
168641
-
-
288
__
_

41885
1776
168929



4
-
-
11553
4
40686
14455
130033



40686
14455
141586



1199
(12679)
27343
11
18207
13962
(32169)
19406
1283
(4826)



59388
4523
179292



10
78794
5806
174466


___		 2022
2021
Total
Total
Funds
Funds
76
3859
212226
185973
288
299
__
_
212590
190131


11553
7975
185174
125083


196727
133058


15863
57073
-
-
15863
57073


243203
186130


259066
£243203

___

- 10 -

CHARNWOOD ARTS

BALANCE SHEET AS AT 31 MARCH 2022


FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Debtors
Cash at Bank
CURRENT LIABILITIES
Creditors
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
Represented by:
FUNDS
Restricted Funds
Unrestricted Funds:
Reserve Fund
General Funds
Designated Funds		 Notes
2022
2021
6
7462
7274
7
196
3065
8
254169
236464
__
_
£254365
£239529


9
2761
3600
__
_
251604
235929
_

259066
243203


£259066
£243203


11
78794
59388
50000
50000
124466
129292
5806
4523


£259066
£243203

___

- 11 -

CHARNWOOD ARTS

BALANCE SHEET AS AT 31 MARCH 2022

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements were approved by the directors on 13 June 2022 and signed on their behalf by:

…………………………………..

Gabriella Maffioli on behalf of the Board

- 12 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

1) ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention.

Video Equipment - 33 ⅓% per annum of net book value Computer Equipment - 33 ⅓% per annum of net book value Fixtures and Fittings - 15% per annum of net book value

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by funding bodies. The cost of raising and administering such funds are charged against the specific fund.

Interfund transfers occur in two situations:

- 13 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

2) INCOME AND ENDOWMENTS FROM DONATIONS AND LEGACIES

2022
2022
2022
Restricted
Designated
Unrestricted
Funds
Funds
Funds
Sponsorship and donations
-
76
-
_

_
-
76
-

_
_		 2022
Total
Funds
76
_
£76
___		 _ 2021
Total
Funds		 2021
3859
_
£3839
___

3) INCOME AND ENDOWMENTS FROM CHARITABLE ACTIVITIES

2022 2022 2022 2022 2021
Restricted Designated Unrestricted Total Total
Grants and Earned Income Funds Funds Funds Funds Funds
Arts Council England – Core Grant - - 134183 134183 134183
Borough of Charnwood - Core Grant - - 34200 34200 34200
Leicestershire County Council 12000 1000 - 13000 520
Borough of Charnwood 3000 - - 3000 -
Loughborough Inclusion Partnership - - - - 3300
Loughborough University - - - - 10280
British Council - - - - 2500
National Forest Company 11028 - - 11028 -
Forest Landscape Project - - - - 990
Carlton Hayes 2728 - - 2728 -
Loughborough Mela Group 2974 - - 2974 -
National Lottery 9955 - - 9955 -
Other grants and earned income (less than £1000) 200 700 258 1158 -
______ _____ ______ ______ ______
41885
______		 1700
_____		 168041
______		 £212226
______		 £185973
______
4)
a)		 EXPENDITURE
Raising Funds
2022
2022
2022
Restricted
Designated
Unrestricted
Funds
Funds
Funds
Salaries and Employers NIC
-
-
11553
__
_
__
-
-
11553
__
_
___		 2022
Total
Funds
11553
_
£11553
____		 _ 2021
Total
Funds		 2021
7975
_
£7975
___

- 14 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

4) EXPENDITURE (continued)

b) Charitable Activities

2022
Project Work
Undertaken
Directly
Direct Project Development
Fees and Materials
43643
Salaries and Employers NIC
8355
Pension Costs
72
Premises Costs
1300
Other Costs
Bank Charges
-
Salaries and Employers NIC
-
Pension Costs
-
Insurance
-
Photocopying, Stationery and Printing
49
General Publicity
45
Telephone and Internet
64
Office Rent and Rates
-
Repairs and Renewals
215
Utility Costs
-
Travel
-
Staff Training and Technical Support
-
Miscellaneous Expenses
38
Subscription and Membership
-
Meeting Expenses
-
Depreciation
560
Professional Fees
800
Bad Debts
-
__
55141
____		 2022
2022
2021
Support
Costs
Total
Total
4400
48043
19349
-
8355
3872
-
72
78
315
1615
-
96
96
69
85027
85027
69779
855
855
806
2452
2452
3505
1081
1130
486
3336
3381
373
699
763
2177
7213
7213
10000
3283
3498
1311
500
500
500
129
129
575
1846
1846
400
760
798
826
1015
1015
920
-
-
110
3202
3762
3462
13824
14624
6006
-
-
479
__
_

130033
£185174
£125083


___

Any costs directly attributable to project work that can be readily identified have been allocated to the specific project. Note 10 details the individual funds that represent each project.

Other costs that cannot be directly attributable to project work have been allocated to either fund raising activities or support costs as appropriate. These costs have been allocated on the basis of the amount of time spent on that activity.

Support costs should be further apportioned to each project using a reasonable allocation method. Given that the charity had many different and separately identifiable projects during the period, it is impractical to allocate support costs to each individual project and, therefore, support costs have been allocated against the total of charitable activities only.

- 15 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

STAFF COSTS
2022
Salaries
101556
Social Security Costs
7379
Less: Employment Allowance Received
(4000)
Pension Contributions
927
Less: JRS Grants Received
-
Compensation Payment
-
__
£105862
______		 2021
80831
6856
(4000)
884
(15036)
5000
__
£74535
______

5) STAFF COSTS

No trustee received any remuneration or any expenses during the year (2021: none).

No employee received total employee benefits in the year of £60,000 or more (2021: nil).

The average monthly number of employees during the year calculated on the basis of full time equivalent, was as follows;

6) Salaried Staff
FIXED ASSETS
Video &
Photographic
Tangible Assets
Equipment
Cost
At 1 April 2021
7628
Additions
-
_
At 31 March 2022
7628

Depreciation
At 1 April 2021
6857
Charge for the Year
256

At 31 March 2022
7113
_
Net Book Value at 31 March 2022
515

Net Book Value at 31 March 2021
771
 Computer
Equipment
20658
3950
_
24608

14527
3360

17887
_
6721

6131
 2022
4

Fixtures
& Fittings
1776
-

1776
_
1404
146

1550

226
_
372
___		 2021
5

Total
30062
3950
__
34012
_____		 2021
5
___
Total
22788
3762
_____
26550
_____
£7462
_____
£7274
_____

- 16 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

7)
8)
9)		 DEBTORS– All receivable within one year
2022
Trade Debtors
-
Prepayments and Accrued Income
196
PAYE/NIC Overpaid
-
_
£196

CASH AT BANK AND IN HAND
2022
CAF Cash Bank Account
203608
Charity Bank
50331
Cash in Hand
230

£254169

CREDITORS– Amounts falling due within one year
2022
Accruals
2700
PAYE/NIC
61
__
£2761
_____		 2021
-
1486
1579
_
£3065

2021
186464
50000
-

£236464
_
2021
3600
-
__
£3600
_____

10) ANALYSIS OF NET ASSETS BY FUND

Restricted
Designated Unrestricted
2022
Funds
Funds
Funds
Fixed Assets
1121
-
6341
Debtors
-
-
196
Cash at Bank and in Hand
77673
5806
170690
Creditors
-
-
(2761)
______
______
______
78794
5806
174466
______
______
______
2021
Restricted
Designated Unrestricted
Funds
Funds
Funds
Fixed Assets
-
-
7274
Debtors
-
-
3065
Cash at Bank and in Hand
59388
4523
172553
Creditors
-
-
(3600)
______
______
______
59388
4523
179292
______
______
______		 Total
7462
196
254169
(2761)
______
259066
______		 Total
Total
7274
3065
236464
(3600)
______
243203
______		 Total

- 17 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

11) ANALYSIS OF FUNDS

Restricted Funds
Forest Consultation Project
Loughborough Mela
Big Knitting Group
City Classroom
PMP
Multimedia
Towers Heritage Project
Hinckley/Bosworth Hospital Corridor
Emerging Artists
Forest Landscape
Feel Good in the Forest
Carillon Sound Tower
Charnwood Music Memory Box
K R Photography Award
Watch This Space
Partition Music Project
Designated Funds
800th Market and Loughborough Fair
Art Hub
Arts in a Box
Just Be You
Bell Festival
Music in Care
Eat, Breathe, Create
Leicester Music Memory Box
1620 Project Enlightenment
Just Giving
TOTAL DESIGNATED FUNDS
TOTAL RESTRICTED FUNDS
UNRESTRICTED FUNDS
TOTAL FUNDS		 Bal B/fwd
01.04.2021
5155
942
324
8136
16134
-
-
3603
-
-
-
-
-
1900
1808
21386
__
£59388
_
Bal B/fwd
01.04.2021
-
688
-
-
-
-
-
-
1888
1947

4523
59388
179292

£243203
___		 Income
-
2974
-
-
-
2728
-
200
11028
9955
3000
12000
-
-
-
__
£41885
_
Income
-
-
-
700
-
-
-
1000
76

1776
41885
168929

212590
___		 Expenditure
-
(4533)
(324)
-
-
(666)
-
(6172)
(11028)
(3102)
(843)
(2333)
(650)
(2548)
(8487)
__
£(40686)
_
Expenditure
(264)
(1370)
(650)
(2700)
(800)
(1620)
(2014)
(1527)
(3510)
-

(14455)
(40686)
(141586)

(196727)
___		 Interfund
Transfers
-
617
-
3840
-
-
-
10000
-
-
-
-
-
3750
-
__
£18207
_
Interfund
Transfers
300
1000
650
3240
800
1800
3950
1600
622
-

13962
18207
(32169)

-
___		 Bal C/fwd
31.03.2022		 Bal C/fwd
31.03.2022
5155
-
-
11976
16134
2062
3603
4028
-
6853
2157
9667
1250
3010
12899
__
£78794
_
Bal C/fwd
31.03.2022
36
318
-
1240
-
180
1936
73
-
2023

5806
78794
174466

£259066
___		 5155
-
-
11976
16134
2062
3603
4028
-
6853
2157
9667
1250
3010
12899
______
£78794
______

- 18 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2022

12) LEASING COMMITMENT AND CONTINGENT LIABILITY

The company rents office space at Rectory Place, Loughborough. The annual rent is £22,500.

13) RELATED PARTY TRANSACTIONS

There were no transactions with related parties during the year (2021: none).

14) CONTROL

The charity is controlled by the trustees.

continued…..page 2/2

Law and regulations

Post-balance sheet events

Going concern

Grants and donations

Yours faithfully

............................................………….

Gabriella Maffioli

Signed on behalf of the Board of Trustees