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2023-03-31-accounts

CHARNWOOD ARTS

(A Company Limited by Guarantee)

ACCOUNTS FOR THE YEAR ENDED

31 MARCH 2023

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 2023

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 YEAR ENDED 31 MARCH 2023

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: Kate Clift (Acting) Elected Trustees: Kate Clift Kamini Patel Abida Akram Jeremy Webster (Appointed 13 June 2022) Simon Downs Susan Warner(resigned 30 May 2023)

Charnwood Borough Council Nominees: Cllr Colin Hamilton Cllr Jenny Bokor Cllr Margaret Smidowicz

Chief Executive Officer Shirley Novak Financial Administrator Charlotte Curran

- 2 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2023.

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 YEAR ENDED 31 MARCH 2023

Related Parties

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

Risk Management

The Management Committee meet six 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 YEAR ENDED 31 MARCH 2023

Achievements and Performance

In 2022 we successfully secured further National Portfolio funding from the Arts Council of England covering core costs for three years (March end 2026). Only 900 organisations across the country were awarded the funding and we are very proud that the value of our work has been recognised in this way and delighted to have some financial security in these testing economic times. This core support is supplemented by a further 4 years funding from our long-term partners Charnwood Borough Council. We were able to agree a manageable core programme of activities with the Council. The year of 2022 will also be notable for a number of reasons but highlights include the development and programming in our new home.

Projects:

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. The café attracts around twenty people a week working with local artists and culminates in a number of exhibitions over the year.

This was part of a larger, Leverhulme Trust funded, five-year project titled Migrant Memory and the Postcolonial Imagination which uses creative, arts-based approaches alongside in-depth interviewing to understand how community identities are produced and expressed by South Asian people in the UK through processes of remembering Partition, migration and resettlement. Facilitated by Leicester artist - Mr Shay, participants explored their creativity through sampling sounds from their home environment, learning music production skills, writing original lyrics and performing.

Charnwood Arts developed a project for schools to learn more about local landmark the Carillon Tower’s heritage by using creative digital media. The school sessions enabled participants to learn, create, play and perform music, based around the unique sound of the Carillon instrument. The second part of the project was to visit the Carillon Tower itself to climb the stairs, record sounds in the empty spaces (using our bodies, and basic percussion instruments) and see first-hand the Carillon instrument in action itself, capturing sounds of the space which once reimagined, will be lost forever.

The finished pieces of music/sound created at the various sessions were enhanced further in the Charnwood Arts digital studio (Sound Room) and presented back to the overall project, ultimately creating an album for download. The work will also form part of the new exhibition space as a sound installation when The Carillon Tower is open once again. The project was designed to encourage students to embrace and develop their own innate sense of creativity and musicality, and enabled participants to understand and appreciate Loughborough’s iconic tower for many years to come and specifically the instrument itself which many local children may have heard, but are not aware of ‘what actually makes that sound’!

- 5 -

CHARNWOOD ARTS

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

Achievements and Performance (cont’d)

In partnership with Leicester Musical Memory Box, Charnwood Arts were successful in obtaining Shire Grants funding to offer Charnwood Musical Memory Box sessions throughout 2021/22. These free, interactive musicbased sessions include singing, music and gentle seated exercises, designed for individuals and their loved ones affected by dementia. This has proved to be very popular and we have now included the offer as part of the new NPO funding from the Arts Council.

12 local artists were offered a support package that included: work placements, training, peer mentoring, practice support, exhibition, performance and publishing opportunities. This is the second round of the initiative and we are now employing a number of the emerging artists to facilitate our sessions via our professional escalator programme.

We opened our doors for local artists who may need some space both physically and mentally to be creative. The sessions are also aimed at giving people a ‘snackable’ taste of a number of art forms to ‘try it out’ without pressure. These have proved popular and the data collected will help us plan our programme to suit the local community needs, rather than a ‘this is what we’re doing will you come?’ approach.

Our home includes an art room which accommodates 8-10 people plus a facilitator, a digital studio and an exhibition space. The intimate space is big enough to give local artists the chance to display their work free of charge in a safe environment and curate their own exhibition with support from Charnwood Arts. During 2022 we hosted a photographic exhibition, sculpture display and often used the space for an exhibition following a project such as Eat Breathe Create. The space has already been booked out for most of the coming year.

During the year we have continued to overhaul the systems and processes at Charnwood Arts. The development of a brand-new business plan based on achievable, and realistic aims and objectives of the organisation in line with the Arts Council requirements if driving our activities. 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 use of CAPE (Charnwood Arts Performance and Evaluation) operational procedure guides our approach to planning, implementing, learning from, and reporting on our creative offers.

Financial Review

Charnwood Arts relocating to a larger premises has led to a rapid expansion of artistic programmes, to meet the differing needs of the local community. It has been satisfying to see high attendance levels for various exhibitions and workshops. Therefore, justifying the expenditure.

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 costs relating to additional activities. 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 YEAR ENDED 31 MARCH 2023

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

Kate Clift Acting Chair

13 June 2023

- 7 -

CHARNWOOD ARTS

CHAIR’S REPORT FOR THE YEAR ENDED 31 MARCH 2023

This has been a fantastic year for the organisation. It is a testament to the committed and talented staff of Charnwood Arts, the contribution of its volunteers, including our fellow Trustees, and the faith and generosity of our many supporters and stakeholders that we have been able to achieve so much. We would not have been able to achieve all that we have without the core funding we receive from the Arts Council for England and Charnwood Borough Council. We would like to thank them, not only for their financial support, but for the time and energy they invest in helping us to achieve our mission to enhance the lives of the people of Charnwood through the arts.

We started the year saying goodbye to long standing trustee and dedicated Chair Gabriella Maffioli who fearlessly led the organisation through some challenging times contending with changes in leadership, moving premises twice, and the unprecedented impact of the pandemic. Gabriella’s contribution was outstanding and her legacy can be seen in much of the work described below. The search began for a new Chair and for much of the year I was privileged to ‘act up’ in the role of Acting Chair supporting our CEO. In March a new Chair, Dr Su Warner, who brought to the role her incredibly relevant experience of community work and an academic background in community art and critical citizenship was elected but sadly Su was unable to continue in the role and she stepped down in May. Our search for a new Chair continues.

We are actively seeking new Trustees and we would welcome interest from people from all walks of life who share our appreciation of the power the arts can have in strengthening communities and transforming lives.

Described below are the many achievements of the organisation over the last twelve months. By necessity this list is ‘high level’ but it perhaps fails to capture all those small moments of connection that the organisation has had with people from Charnwood over the year. Connected communities are essential to the resilience and prosperity of our society and Charnwood Arts bring people together and works hard to ensure that everyone feels included. One of the decisions we made as a Board this year was to change how we described Equality, Diversity and Inclusions (EDI) by adopting the descriptors Equity, Diversity and Belonging. The arts belong to everyone, and we all want to feel like we belong within our communities. If Charnwood Arts can help to join the dots between the two then we are succeeding.

Looking forward, 2023-2024 we are filled with excitement and optimism. As part of our new NPO programme, we have established an Environmental Responsibility Steering Group. It is our intention not only to make ourselves aware of how we can reduce our negative environmental impact, but to offer to the wider arts community a better understanding of the climate crisis and the part we can play together in initiating and promoting positive change. To this end we will be running training sessions in the coming year.

We have now settled into our new premises and continue to develop our forward strategy, which will have Equity, Diversity, Belonging, wellbeing and environmental responsibility at its heart. Our programme continues to develop, and we remain focused on listening and responding to the needs of local people. We are excited by and looking forward to the possibilities ahead in the coming year.

With best wishes

____ Kate Clift, Acting Chair

13 June 2023

- 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 2023, 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 2023

- 9 -

CHARNWOOD ARTS

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2023

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		 2023
2023
2023
Restricted
Designated
Unrestricted
Notes
Funds
Funds
Funds
2
-
-
-
3
57610
540
152308
-
-
1086
__
_

57610
540
153394



4
-
-
11719
4
75572
11960
154222



75572
11960
165941



(17962)
(11420)
(12547)
11
(552)
12581
(12029)
(18514)
1161
(24576)



78794
5806
174466



10
60280
6967
149890


___		 2023
Total
Funds
-
210458
1086
__
211544
_
11719
241754

253473

(41929)
-
(41929)

259066

217137
___		 2022
Total
Funds
76
212226
288
__
212590
_
11553
185174

196727

15863
-
15863

243203

259066
___

- 10 -

CHARNWOOD ARTS

BALANCE SHEET AS AT 31 MARCH 2023


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
2023
2022
6
5652
7462
7
22206
196
8
212906
254169
__
_
£235112
£254365


9
23627
2761
__
_
211485
251604
_

217137
259066


£217137
£259066


11
60280
78794
55000
50000
94890
124466
6967
5806


£217137
£259066

___

- 11 -

CHARNWOOD ARTS

BALANCE SHEET AS AT 31 MARCH 2023

For the year ending 31 March 2023 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 2023 and signed on their behalf by:

…………………………………..

Kate Clift On behalf of the Board

- 12 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2023

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 2023

2) INCOME AND ENDOWMENTS FROM DONATIONS AND LEGACIES

2023
2023
2023
Restricted
Designated
Unrestricted
Funds
Funds
Funds
Sponsorship and donations
-
-
-
_

_
£-
£-
£-

_
_		 2023
Total
Funds
-
_
£-
___		 _ 2022
Total
Funds		 2022
76
_
£76
___

3) INCOME AND ENDOWMENTS FROM CHARITABLE ACTIVITIES

2023 2023 2023 2023 2022
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 - - 17100 17100 34200
Leicestershire County Council - - - - 13000
Borough of Charnwood - - - - 3000
Intelligent Energy 13333 - - 13333 -
National Forest Company 44277 - - 44277 11028
Carlton Hayes - - - - 2728
Loughborough Mela Group - - - - 2974
National Lottery - - - - 9955
Other grants and earned income (less than £1000) - 540 1025 1565 1158
______ _____ ______ ______ ______
57610
______		 540
_____		 152308
______		 £210458
______		 £212226
______

4) EXPENDITURE a) Raising Funds

2023
2023
2023
Restricted
Designated
Unrestricted
Funds
Funds
Funds
Salaries and Employers NIC
-
-
11409
Publicity
-
-
310
__
_
__
-
-
11719
__
_
___		 2023
Total
Funds
11409
310
_
£11719
____		 2022
Total
Funds
11553
-
_
£11553
____		 2022
Total
Funds		 2022

- 14 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2023

4) EXPENDITURE (continued)

b) Charitable Activities

2023
Project Work
Undertaken
Directly
Direct Project Development
Fees and Materials
59632
Salaries and Employers NIC
13191
Pension Costs
195
Premises Costs
13807
Other Costs
Bank Charges
-
Salaries and Employers NIC
-
Pension Costs
-
Insurance
-
Photocopying, Stationery and Printing
-
General Publicity
202
Telephone and Internet
57
Office Rent and Rates
-
Repairs and Renewals
62
Utility Costs
-
Travel
-
Staff Training and Technical Support
-
Miscellaneous Expenses
13
Subscription and Membership
-
Meeting Expenses
-
Depreciation
373
Professional Fees
-
Storage Fees
-
__
87532
____		 2023
2023
2022
Support
Costs
Total
Total
4643
64275
48043
-
13191
8355
-
195
72
-
13807
1615
72
72
96
82982
82982
85027
564
564
855
1758
1759
2452
595
595
1130
9380
9582
3381
1079
1136
763
23062
23062
7213
9157
9219
3498
3927
3927
500
329
329
129
3377
3377
1846
473
484
798
2740
2740
1015
-
-
-
2386
2759
3762
6978
6978
14624
720
720
-
__
_

154222
£241754
£185174


___

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 2023

STAFF COSTS 2023 2022
Salaries 108177 101556
Social Security Costs 7662 7379
Less: Employment Allowance Received (5000) (4000)
Pension Contributions 759 927
SMP Reclaimed (3258) -
__ __
£108340
______		 £105862
______

5) STAFF COSTS

No trustee received any remuneration or any expenses during the year (2022: none). No employee received total employee benefits in the year of £60,000 or more (2022: 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 2022
7628
Additions
-
_
At 31 March 2023
7628

Depreciation
At 1 April 2022
7113
Charge for the Year
172

At 31 March 2023
7285
_
Net Book Value at 31 March 2023
343

Net Book Value at 31 March 2022
515
 Computer
Equipment
24608
949
_
25557

17887
2554

20441
_
5116

6721
 2023
6

Fixtures
& Fittings
1776
-

1776
_
1550
33

1583

193
_
226
___		 2022
4

Total
34012
949

34961
_
26550
2759

29309

£5652
_
£7462
___

- 16 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2023

7)
8)
9)		 DEBTORS– All receivable within one year
2023
Trade Debtors
13915
Prepayments and Accrued Income
6325
PAYE/NIC Overpaid
1966
_
£22206

CASH AT BANK AND IN HAND
2023
CAF Cash Bank Account
156598
Charity Bank
56158
Cash in Hand
150

£212906

CREDITORS– Amounts falling due within one year
2023
Trade Creditors
18971
Accruals
4656
PAYE/NIC
-
__
£23627
_____		 2022
-
196
-
_
£196

2022
203608
50331
230

£254169
_
2022
-
2700
61
__
£2761
_____
10) ANALYSIS OF NET ASSETS BY FUND
Restricted
Designated Unrestricted
2023
Funds
Funds
Funds
Total
Fixed Assets
748
-
4904
5652
Debtors
13915
-
8291
22206
Cash at Bank and in Hand
58916
10013
143977
212906
Creditors
(13299)
(3046)
(7282)
(23627)
______
______
______
______
60280
6967
149890
£217137
______
______
______
______
Restricted
Designated Unrestricted
2022
Funds
Funds
Funds
Total
Fixed Assets
1121
-
6341
7462
Debtors
-
-
196
196
Cash at Bank and in Hand
77673
5806
170690
254169
Creditors
-
-
(2761)
(2761)
______
______
______
______
78794
5806
174466
£259066
______
______
______
______

- 17 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2023

11) ANALYSIS OF FUNDS

Restricted Funds
Forest Consultation Project
Intelligent Energy
City Classroom
PMP
Multimedia
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
Songster
800th Market and Loughborough Fair
Art Hub
Creative Curriculum
Just Be You
Cobden Breathe Create
Music in Care
Eat, Breathe, Create
Leicester Music Memory Box
Feel Good in the Forest
Just Giving
Health and Wellbeing
TOTAL DESIGNATED FUNDS
TOTAL RESTRICTED FUNDS
UNRESTRICTED FUNDS
TOTAL FUNDS		 Bal B/fwd
01.04.2022
5155
-
11976
16134
2062
3603
4028
-
6853
2157
9667
1250
3010
12899
__
£78794
_
Bal B/fwd
01.04.2022
-
36
318
-
1240
-
180
1936
73
-
2023
-

5806
78794
174466

£259066
___		 Income
-
13333
-
-
-
-
-
44277
-
-
-
-
-
-
__
57610
_
Income
-
-
-
40
-
-
-
500
-
-
-
-

540
57610
153394

211544
___		 Expenditure
-
(2466)
-
-
(579)
-
(5011)
(51026)
(6918)
(286)
(9286)
-
-
-
__
(75572)
_
Expenditure
(1580)
-
(250)
(236)
-
-
-
(6732)
(1502)
(1085)
-
(575)

(11960)
(75572)
(165941)

(253473)
___		 Interfund
Transfers
-
-
-
(7400)
-
-
983
6749
65
(949)
-
-
-
-
__
(1552)
_
Interfund
Transfers
5000
-
-
196
(700)
700
-
4296
1429
1085
-
575

12581
(552)
(12029)

-
___		 Bal C/fwd
31.03.2023		 Bal C/fwd
31.03.2023
5155
10867
11976
8734
1483
3603
-
-
-
922
381
1250
3010
12899
__
60280
_
Bal C/fwd
31.03.2023
3420
36
68
-
540
700
180
-
-
-
2023
-

6967
60280
149890

217137
___		 5155
10867
11976
8734
1483
3603
-
-
-
922
381
1250
3010
12899
______
60280
______

- 18 -

CHARNWOOD ARTS

NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2023

12) LEASING COMMITMENT AND CONTINGENT LIABILITY

The company rents office space at Rectory Place, Loughborough. The annual rent is £22,500. The lease runs to 14[th] March 2027 with a break clause dated 15 March 2025.

13) RELATED PARTY TRANSACTIONS

There were no transactions with related parties during the year (2022: none).

14) CONTROL

The charity is controlled by the trustees.