2023-03-31-accounts

CONTENTS			Page
Reference and Administrative Details ofthe Charity
Trustees' Report
Independent	Auditors'	Report to the
Trustees ofTrinity Community Arts Limited			17-19
Consolidated	Statement	of Financial Activities	20
Consolidated	Statement	of Financial Position	21
Consolidated	Statement	ofCash Flows
Notes to the	Financial Statements		23-38

THE YEA	R EN	DED 31	MARCH 2023
Trustees			Helen Ashley
			Mijanou Blech,		Chair
			Alex Bradley
			Helen Duffy
			Dr Glyn Everett
			Chris Luffingham
			Claire McAlpine
			Fidel Meraz
			Natasha Nanuk
			Nir Paldi
			Michelle Smith		{resigned	03October 2022)
			Khan Talbert Johnson
Company	registered
number			04372577
Charity registered
number			1144770
Registered office			The Trinity Centre
			Trinity Road
			Bristol
			BS2ONW
Company	secretary		Ben Hargreaves		{resigned 14July 2022)
			Jenna Graves, Finance Manager {appointed 10November				2022)
Principal	staff		Emma Harvey,	CEO
			Adam Gallacher,		Deputy	CEO
			Jamell Ackford,		Director	ofCulture
Independent		auditors	Burnside
			Chartered Accountants
			61Queen Square
			Bristol
			BS14JZ
Principal	bankers		Triodos Bank
			Deanery Road
			Bristol
			BS1SAS

				General Unrestricted	Designated funds	Restricted funds	Totalfunds 2023	As restated Total funds
				funds				2022
			Note		f	f
Donations, and legacies				12,974			12,974	3,233
Charitable activities:				132,773		325,939	458,712	912,495
Raising funds - other trading		activities		862,312			862,312	589,509
investment income	—interest			524			524	174
Otherincome				19,449			19,449	6,877
Total				1,028,032		325,939	1,353,971	1,512,288
Raising funds —other trading		activities		468,490			46S,490	305,338
Charitable activities			7	740,025	23,182	278,391	1,041,59S	1,001,935
Total			7	1,208,515	23,182	278,391	1,510,088	1,307,273
Net Income / (expenditure)				(180,483)	(23,182)	47,548	(156,117)	205,015
Transfers between	funds			34,292	133,448	(167,740)
Net movement	in funds			(146,191)	110,266	(120,192)	(156,117)	205,015
~	~
Total funds brought stated	forward	as previously		224,096	79,382	198,336	501,S14	336,016
Prior year adjustment			20	39,217			39,217
Total funds brought	forward	as restated		263,313	79,382	198,336	541,031	336,016
Total funds carried forward			16	117,122	1S9,64S	78,144	3S4,914	541,031

					As restated		As restated
				Group	Group	Charity	Charity
				2023	2022	2023	2022
			Note	f	f	f	f
Tangible assets			10	23S,038	164,919	237,476	164,226
Investments			11	1,000		1,001	1
Total fixed	assets			239,038	164,919	238,477	164,227
Stocks				16,546	20,384	289	289
Debtors				130,702	371,432	53,968	334,931
Cash at bank and in hand				360,850	423,757	280,497	239,199
Total current assets				508,098	815,573	334a754	574p419
Creditors:
Amounts	falling	due within one year	13	(335,154)	(437,583)	(503,46S)	(456,448)
Net current assets/(liabilities)				172,944	377,990	(16S,714)	117,971
Creditors:
Amounts	falling	due after one year	14	(27,068)	(1,878)	(27,068)
Total net	assets			384,914	541,031	42,695	282,198
Unrestricted	funds —designated		16	189,648	79,382	189,648	79,382
Unrestricted	funds —general			117,122	263,313	(225,097)	4,480
Total unrestricted		funds		306,770	342,695	(35,449)	83,862
Restricted funds			15	78,144	198,336	78,144	198,336
Total funds			16	384&914	541,031	42,695	282,198

Consolidated cash flo	w	statemen	t for the	year ended	31March 202	3
						As restated
				Group		Group
			2023	2023	2022	2022
		Note
~ ~ ~
Net cash provided by (used
in}operating activities				83,941		220,6?3
Purchase of:
Tangible fixed assets		1Q	(137,396)		(7?,Q5?)
Investments			(1,000)
Interest received on bank deposits			524		174
Net cash provided by (used in)
investing activities				(137,872)		{76,883)
Repayment ofloans			(7,928)		(7,182)
Loan interest paid			(1,048)
Net cash provided by (used in)
financing activities				(8,976)		(7,182)
Increase / (decrease)in cash
and cash equivalents in year				{62,907}		136,608
Cash and cash equivalents b/f				423,757		287,149
Cash and cash equivalents at
the end ofthe reporting period				360,850		423,757
Reconciliation ofnet	movement		in funds	to operating	cash flow
for the year ended 31March		2023			2023	2022
Adjustments for:
Depreciation charges	—Fixed assets				64,277	48,346
(Increase) / decrease	in stocks				3,838	(14,546)
(Increase) / decrease	in debtors				240,729	(2?8,428)
Increase / (decrease)	in creditors				(69,310)	260,112
Interest received and	paid				524	1?4
						I ~

~	~	~
for the year ended 31March 2022			General Unrestricted Funds	Designated funds	Restricted funds	Total funds 2022
						f
Donations and legacies			3.233			3.233
Charitable activities
Grant funded			457,348		417,173	874,521
Charitable trading	activities		33,781		4,193	37,974
Raising funds —other charitable		activities	589,509			589,509
Investment income	- interest		174			174
Other income			6,877			6,877
Total			1,090,922		421,366	1,512,288
Raising funds			338,774			338,774
Charitable activities			578,717	47,699	342,083	968,499
Total			917,491	47,699	342,083	1,307,273
Net Income / (expenditure)			173,431	(47~699)	79p283	205p015
Transfers between	funds		(56,s41)		56,541
Net movement in funds			116,890	(47,699)	135,824	205,015
0	~
Total funds brought	forward		146,423	127,081	62,512	336,016
Total funds carried forward			263,313	79,382	198,336	541,031

~ ~ .	~	.	o
								As restated
				General Unrestricted fundsf	Designated funds	Restricted funds	Total funds 2023 6	Total funds 2022 f
Donations				12,974			12,974	3,233
Total				12,974			12,974	3,233
				General Unrestricted Funds	Designated funds	Restricted funds	Total funds 2023	As restoted Tota I funds 2022
				E				E
Grant funded
Community		&Neighbourhoods				174,030	174,030	129,829
Children	&	Young	People Music			86,143	86,143	73,015
Citizens	Assembly					10,000	10,000
Capital and		Building				55,766	55,766	214,329
Core Unrestricted			Funding	99,313			99,313	457,348
Education				11,882			11,882	4,193
Room hire				21,578			21,578	33,781
Total				132,773		325,939	458,712	912,495

					General	Designated	Restricted	Total funds	As restated
					Unrestricted	funds	funds	2023	Total funds
					Funds				2022
Events					54,598			54,598	32,067
Profit	Trinity	Community	Enterprises	Limited	807,714			807,714	554,718
Other									2,724
Total					862,312			862,312	589,509

			Trinity	Raising				As restated
			Community	funds—	Charitable		Total funds	Totalfunds
			Enterprises Ltd	General	activities	Governance	2023	2022
					E		6	E
Stafcosts			126,762		532,528		659,290	503,290
Sub-contractors			117,687		192,844		310,531	201,987
Purchases			178,505		1,626		180,131	196,332
Licences &	commissions		1,920		4,114		6,034	2,107
Cleaning 8	waste disposal				48,875		48,875	31,193
Project costs					4,920		4,920
Marketing	&	advertising	1,006		20,314		21,320	34,909
Repairs 8 renewals			4,901		39,418		44,319	63,680
Equipment	rental		10,014		15,737		25,751	16,877
Light &heat					35,558		35,558	11,809
Travel			3.223		2,092		5,315	1,556
Insurance					14,994		14,994	12,869
Professional		fees	304		7,953		8,257	88,123
Depreciation			695		63,582		64,277	48,346
Admin and	office costs		1,737		18,644		20,381	48,710
Computer &		ITcosts			22,461		22,461	11,289
Rates					3,875		3,875	5,332
Bank charges			17,542				18,401	941
Accountancy		&audit				12,997	12,997	13,040
Irrecoverable		VAT			1,353		1,353	14,663
Interest					1,048		1,048
Tax								220
Subtotal			464,296		1,032,795	12,997	1,510,0S8	1,307,273
Reallocate	Governance		4,194		8,803	(12,997}
Total			468,490		1,041,598		1,510,088	1,307,273

Total resources are stated after charging:	Total resources are stated after charging:	Total funds 2023	Total funds 2022
Auditors' remuneration
-Audit		9,997	8,000
—Other services including	tax advisory	3,000	5,040
Depreciation —tangible fixed assets		64,277	48,346

		General	Designated	Restricted	Total funds	As restated
		Unrestricted	funds	funds	2023	Total funds
		Funds				2022
Community 8&.Neighbourhoods		354,729		141,922	496,651	470,364
Children	and Young People - Music	146,781		55,367	202,148	149,889
Capital	and Building	180,400	23,182	71,922	275,504	361,586
Artists Development		32,081			32,081	20,096
Citizens	Assembly	26,034		9,180	35,214
Total		740,025	23&182	278,391	1,041,598	1,001,935

during events.	during events.
A summary ofthe results for Trinity		Community		Enterprises	Limited	(before the consolidation	adjustments	that have been
made to the figures	in the SOFA) is shown		below;
Profit and loss account							2023	As restated
for the year ended 31March 2Q23							f	2022
Turnover						807,715		558,265
Cost ofsales						(311,369)		{199,449)
Gross profit						496,346		358,816
Overheads and administration						(177,621)		(105,889)
Other operating income						20,499		3,131
Operating (loss)/profit						339,224		256,058
Interest received
Interest payable and	similar charges
(Loss)/profit before	taxation					339,224		256,058
Tax on profit								(22Q)
(Loss)/profit for the	year					339,224		255,838
Balance sheet							2023	2022
at 31March 2023							f
Fixed assets							563	693
Net current assets							341,659	2,305
Total assets less current liabilities							342,222	2,998
Creditors falling due	after more than one year
Total							342,222	2,998
Capital and reserves
Called-up equity share capital
Profit and loss account							342,221	2,997
Total							342,222	2,998

			2023	As restated
				2022
Group
vvages and	salaries		596,303	453,979
Employers'	national	insurance	35,538	25,423
Pension costs			27,448	23,888
			659,290	503,290

2023	2022
55	41

I .	o -	-s
		Furniture 8	Office	Event	Studio	Property
		fittings	equipt.	equi pt.	equi pt.	impr.	Total
Group
Cost
At 1April 2Q22		68,675	14,027	146,68&	2,959	409,298	641,647
Additions		4,026	4,000	563		128,806	137,395
At 31March
2023		72,701	18,02?	147,251	2,959	538,104	779,042
Depreciation
At 1April 2022		51,833	11,561	118,3Q4	2,959	292,071	476,728
Charge for year		4,106	1,571	6,534		S2,065	64,276
At 31March
2023		55,939	13,132	124,838	2,959	344,136	541,004
Net book value
At 31March
2023		16,762	4,895	22,414		193,968	238,038
At 31March
2022		16„842	2,466	28,383		117,227	164,919
Charity
Cost
At 1April 2022		68,675	14,027	142,105	2,959	409,298	637,064
Additions		4,026	4,000			128,806	136,832
At 31March
		72,701	18,027	142,105	2,959	538,104	773,896
Depreciation
At 1April 2022		51,833	11,561	114,414	2,959	292,Q71	472,837
Charge for year		4,106	1,571	5,840		52,Q65	63,583
At 31March
2023		55,939	13,132	120,254	2,959	344,136	536,420
Net book value
At 31March
2023		16,762	4,895	21,851		193,968	237,476
At 31March
2022		16,842	2,466	27,691		117,227	164,226

									As	restated			As restated
								Group		Group		Charity	Charity
								2023		2022		2023	2022
													f
Trade debtors								84,912		111,482		14,824	27,58?
Amounts	owed to group undertakings												58,790
Other debtors								6,646		72,457			61,561
Prepayments			and accrued		income			39,144		187,493		39,144	186,993
								130,702		371,432		53,96&	334,931
										As	restated		As restated
									Group		Group	Charity	Charity
									2023		2022	2023	2022
									f		f	f	f
Bank loans									9,699		42,818	9,699	42,818
Trade creditors									85,205		104,188	58,430	76,004
Amounts	owed to group companies											348,408	255,838
Accruals	and	deferred		income					200,969		136,443	58,778	57,454
Other taxation			and national		insurance				26,M5		81,?71	21,285	7,106
Other creditors									13,176		72,363	6,868	17,228
									335,154		437,583	503,46S	456,448
	~	~				~	~
										As restated			As restated
									Group		Gl'oup	Charity	Charity
									2023		2022	2023	2022
									f		f	f
Bank loans									27,068		1,878	27,068

Group and Charity	As restated 1Apr	Incoming	Resources		31Mar
	2022	Resources	Expended	Transfers	2023
			E
Community &
Neighbourhood
Community Garden Adult	12,370	6,437	(17,555)	148	1,400
Bristol Thriving Communities	2,700	6,019	(8,219)
Art of
Resistance		98,351	(79,443)	(18,908)
Blackness-
Reimagined		3,000	(2,099)	(901)
East Side Bristol
Impact Fund		12,125	(12,069)
Bristol Dance
Futures		1,916	(1,753)	(163)
Future Arts
Centre	148			(148)
Fun Palaces		15,142	(9,192)	(5,951)
Westport Grant		13,804	(7,234)		6,570
TechMakers		20,000			20,000
Revenue	9,672			(9,672)
Social impact Programme	4,697		(4,358]
Children &
Young People
Youth Music	14,369		(14,651)	282
Children and
Young People
Music		60,296	{27,736)		32,560
Children in
Need		15,072	(8,759)		6,313
WeMove		4,971	{2,864)		2,107
Gentle Dance		3,040	(1,357)	(1,683)
Capital &
Buidings
Solar Funds	1,449	21,316	(21,316)		1,449
Trinity Digs
Project	152,931	28,315	(50,502}	(130,744)
Music Venture
Trust		4,135	(104)		4,030
Gibbs Trust		2,000			2,000
Citizens
Assembly
Calouste
Gulbenkia n
Foundation		10,000	(9,180}		820
Total	19$,336	325,939	(278,391)	(167,740)	78,144

				Fixed Assets	Net Current	Long term
					Assets	Loans	Total
Total	restricted funds				78,144		78,144
Total Fixed	Unrestricted asset fund	designated	funds—	189,648			189,648
Total	unrestricted	general funds		49,39O	94,800	(27,068)	117.122
Total	funds			239,Q38	172,944	(27,06S)	384,914