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|Trustees Report||1 to 10|
|---|---|---|
|Reference and Administrative|Details||
|Independent
Examiner's
Report||11to 12|
|Statement of Financial
Activities||13to 14|
|Balance Sheet||15to 16|
|Statement ofCash Flows||17|
|Notes to the Financial Statements||18to 34|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2023|
||||Note||||
|Income and Endowments||from:|||||
|Donations
and legacies||||6,461|9,069|15,530|
|Charitable
activities||||545,057||545,057|
|Other trading
activities||||4,027||4,027|
|Investment
income||||4,405||4,405|
|Total income||||559,950|9,069|569,019|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities|||7
8|(26,158)
~525.149)|~(13,012|(26,158)
~538,161)|
|Total expenditure
Net income/(expenditure)||||(551,307)
8,643|(13,012)
~(3,943|~564,319)
4,700|
|Net movement
in funds||||8,643|(3,943)|4,700|
|Reconciliation
of|funds||||||
|Total funds brought|forward|||170,620|10,641|181,261|
|Total funds carried|forward||21|179,263|6,698|185,961|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2022|
||||Note||||
|Income and Endowments||from:|||||
|Donations
and legacies||||9,335|44,665|54,000|
|Charitable
activities||||499,796||499,796|
|Other trading
activities||||3,652||3,652|
|Investment
income||||1,028||1,028|
|Total income||||513,811|44,665|558,476|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities|||7
8|(35,031)
~(511,155|(52,297)|(35,031)
~563,452)|
|Total expenditure
Net expenditure||||~(546,186
~(32,375|~52,297)
~7,632)|(598,483)
(40,007)|
|Net movement
in funds||||(32,375)|(7,632)|(40,007)|
|Reconciliation
of|funds||||||
|Total funds brought|forward|||202,995|18,273|221,268|
|Total funds carried|forward||21|170,620|10,641|181,261|
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|Balance Sheet|
as at 31 December 2023||||
|---|---|---|---|---|
|||Note|2023|2022f|
|Fixed assets|||||
|Intangible
assets||14||1,594|
|Tangible assets||15|4,001|17,217|
||||4,001|18,811|
|Current assets|||||
|Stocks||16|14,806|12,704|
|Debtors||17|4,477|3,040|
|Cash at bank and in hand||18|342,471|350,155|
||||361,754|365,899|
|Creditors: Amounts|falling due within one year|19|(179,794)|(203,449)|
|Net current assets|||181,960|162,450|
|Net assets|||185,961|181,261|
|Funds ofthe charity:|||||
|Restricted
income funds|||||
|Restricted funds||21|6,698|10,641|
|Unrestricted
income|funds||||
|Unrestricted
funds|||179,263|170,620|
|Total funds||21|185,961|181,261|
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|Statement ofCash Flows for the|Year En|ded 31 De|cember 20|23|
|---|---|---|---|---|
||||2023|2022|
|||Note|||
|Cash flows from operating
activities|||||
|Net cash income/(expenditure)|||4,700|(40,007)|
|Adjustments
to cash flows from non-cash|items||||
|Depreciation|||13,907|11,330|
|Amortisation|||1,594|1,593|
|Investment
income|||(4,405)|(1,028)|
||||15,796|(28,112)|
|Working capital adjustments|||||
|Increase
in stocks||16|(2,102)|(297)|
|Increase
in debtors||17|(1,437)|(213)|
|Increase/(decrease)
in creditors||19|10,967|(4,428)|
|(Decrease)/increase
in deferred
income|||(34,622)|30,775|
|Net cash flows from operating
activities|||(11,398)|(2,275)|
|Cash flows from investing
activities|||||
|Interest receivable
and similar income
Purchase
oftangible
fixed assets||6
15|4,405
(691i|1,028
~(6,342|
|Net cash flows from investing
activities|||3,714|(4,314)|
|Net decrease
in cash and cash equivalents|||(7,684)|(6,589)|
|Cash and cash equivalents
at 1 January|||350,155|356,744|
|Cash and cash equivalents
at 31 December|||342,471|350,155|
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|3
Incom|e from d|onations
an|d legacies||||
|---|---|---|---|---|---|---|
||||Unrestricted|funds|Restricted|Total|
||||Designated|General|funds|funds|
|Donations|and legacies;||||||
|Donations
and legacies|||512|5,949||6,461|
|Grants,|including|capital|||||
|grants|||||9,069|9,069|
|Total for|2023||512|5,949|9,069|15,530|
|Total for|2022|||9,335|44,665|54,000|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||Funds|funds|
||||K|E|
|Fees for delivery||of art courses|541,216|541,216|
|Membership|income||3,007|3,007|
|Sale ofstudent||artwork|834|834|
|Total for 2023|||545,057|545,057|
|Total for 2022|||499,796|499,796|
##
|5
Inco|me from|other trading
activities|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||Funds|funds|
|Trading|income;||||
|Sales|ofgoods and services||3,645|3,645|
|Other|trading|income|382|382|
|Total for 2023|||4,027|4,027|
|Total for 2022|||3,652|3,652|
##
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|6
Investment
inc|o|me|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
|Interest receivable|and similar income;||||
|Interest receivable||on bank deposits|4,405|4,405|
|Total for 2023|||4,405|4,405|
|Total for 2022|||1,028|1,028|
##
|7
Expe|nditure
o|n raising funds||||
|---|---|---|---|---|---|
||||Allocated|||
||||support|Total|Total|
||||costs|2023|2022|
|Artwork,|materials|and marketing|8,962|8,962|8,341|
|Staff Costs|||17,196|17,196|26,690|
||||26,158|26,158|35,031|
##
||||Unrestricted|funds|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Oesignated|General|funds|2023|2022f|
|Courses and||production||||||
|costs|||18,435|149,187|5,224|172,846|166,848|
|Depreciation|and|||||||
|am ortisation|||7,712||7,788|15,500|12,923|
|Staff costs||||245,869||245,869|264,449|
|Support costs||(note 9)|20,000|83,946||103,946|119,232|
||||46,147|479,002|13,012|538,161|563,452|
##
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|Charitable
activities|expenditure|||||
|---|---|---|---|---|---|
|||Unrestricted|funds|Total|Total|
|||Designated|Generalf|2023|2022|
|Bank charges|||11,278|11,278|13,274|
|Research
&development||20,000|8,404|28,404|22,958|
|Office costs (supplies|8 support)||9,635|9,635|15,471|
|Computer costs &equipment|||13,892|13,892|20,610|
|Insurance|||3,216|3,216|2,832|
|Studio supplies
&resources|||3,758|3,758|4,241|
|Sundry expenses|||603|603|1,380|
|Professional fees|||4,192|4,192|10,642|
|Subscriptions
& memberships|||567|567|574|
|Repairs &maintenance|||1,317|1,317|1,324|
|Rent 8 establishment|costs||27,084|27,084|25,926|
|||20,000|83,946|103,946|119,232|
|10Net incoming/outgoing|10Net incoming/outgoing|resources|||
|---|---|---|---|---|
|Net incoming/(outgoing)|resources for the year include:||||
||||2023|2022|
|Operating
leases - other||assets|16,004|20,503|
|Independent
Examiner's||fees|1,035|1,035|
|Other non-audit
services|||3,105|3,105|
|Depreciation
offixed assets|||13,907|11,330|
|Amortisation
of intangible||fixed assets|1,594|1,593|
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|12 Staff costs||||
|---|---|---|---|
|The aggregate|payroll costs were as follows:|||
|||2023|2022|
|Staff costs during the year were:||||
|Wages and salaries||247,682|271,455|
|Social security|costs|11,136|14,873|
|Pension costs||4,247|4,811|
|||263,065|291,139|
|by the cha|rity during the year|expressed
by headcount
w|as as follows:||
|---|---|---|---|---|
||||2023|2022|
||||No|No|
|Raising funds|||1|4|
|Charitable|activities - salaried|staff|15|15|
||||16|19|
##
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##
|14Intangible
fixed assets|||
|---|---|---|
||Online||
||development||
||costs|Total|
|Cost|||
|At 1 January 2023|4,780|4,780|
|At 31 December 2023|4,780|4,780|
|Amortisation|||
|At 1 January 2023|3,186|3,186|
|Charge for the year|1,594|1,594|
|At 31 December 2023|4,780|4,780|
|Net book value|||
|At 31 December 2023|||
|At 31 December 2022|1,594|1,594|
|15Tangible fixed assets|||
|15Tangible fixed assets||||
|---|---|---|---|
||Furniture
and|Computer||
||equipment|equipment|Total|
|Cost||||
|At 1 January 2023|23,417|44,223|67,640|
|Additions||691|691|
|At 31 December 2023|23,417|44,914|68,331|
|Depreciation||||
|At 1 January 2023|15,041|35,382|50,423|
|Charge for the year|5,003|8,904|13,907|
|At 31 December 2023|20,044|44,286|64,330|
|Net book value||||
|At 31 December 2023|3,373|628|4,001|
|At 31 December 2022|8,376|8,841|17,217|
##
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|16Stock||||
|---|---|---|---|
|||2023|2022|
|||E||
|Stocks||14,806|12,704|
|17Debtors||||
|||2023|2022|
|Trade debtors||1,320||
|Prepayments||3,157|3,040|
|||4,477|3,040|
|18Cash and cash equivalents||||
|||2023|2022f|
|Cash on hand||117|230|
|Cash at bank||342,354|349,925|
|||342,471|350,155|
|19Creditors: amounts|falling due within one year|||
|||2023|2022|
|Trade creditors||2,669|3,273|
|Other creditors||4,819||
|Accruais||17,049|10,297|
|Deferred income||155,257|189,879|
|||179,794|203,449|
##
##
|Notes
2023|to the Financial S|tatements
for th|e Year Ended 31 Decem|ber|
|---|---|---|---|---|
||||2023|2022|
||||F||
|Deferred|income at 1 January 2023||189,879|159,104|
|Resources deferred
in the period
Amounts
released
from previous||periods|155,257
~189,879i|189,879
(159,104)|
|Deferred|income at year end||155,257|189,879|
##
|Operating|lease com|mitments|||||
|---|---|---|---|---|---|---|
|Total future|minimum|lease payments|under non-cancellable|operating|leases are as follows:||
||||||2023f|2022|
|Other|||||||
|Within one|year||||14,948|16,004|
|Between one and five||years|||46,258|57,192|
|After five years|||||89,626|85,925|
||||||150,832|159,121|
##
##
|21 Funds||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1 January|Incoming|Resources||December|
||||2023|resources
f|expended|Transfers
f|2023f|
|Unrestricted
funds||||||||
|General||||||||
|General
Fund|||120,986|524,438|(505,160)|(691)|139,573|
|Designated||||||||
|Youth/Subsidy
Fund|||15,000|15,000|(15,000)||15,000|
|Capital Reserve|||10,370||(7,712)|691|3,349|
|Research
& Development|||20,000|20,000|(20,000)||20,000|
|Donations
to Youth Project|||829|512|||1,341|
|Roy Ray Fund|||3,435||(3,435)|||
||||49,634|35,512|(46,147)|691|39,690|
|Total unrestricted
funds|||170,620|559,950|(551,307)||179,263|
|Restricted funds||||||||
|Unlocking
Potential
Growth||&||||||
|Productivity|||334||(330)|||
|DWP Access to Work||||||||
|Equipment|||606||(594)||12|
|St Ives Rotary Youth|Donation|||900|(355)||545|
|ERDF CIOS Kickstart|||1,699||(1,668)||31|
|Kickstart Job Placement|||313||(307)||6|
|ERDF Future Focus,||||||||
|Unlocking
Potential,|managed|||||||
|by University
of Exeter|||800||(200)||600|
|Wilhelmina
Barns-Graham||||||||
|Trust|||2,200||(2,200)|||
|Taylor Money
Limited||||6,000|(500)||5,500|
|CDC Cornwall - CLLD Project|||4,689||(4,689)|||
|St Ives Town Council|Youth|||||||
|Grant||||1,669|(1,669)|||
|Salvation
Army Contribution||||500|(500)|||
|Total restricted
funds|||10,641|9,069|(13,012)||6,698|
|Total funds|||||||185,961|
##
|2023||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1 January|Incoming|Resources||December|
||||2022
F|resources
f|expended
f|Transfers|2022f|
|Unrestricted
funds||||||||
|General||||||||
|General
Fund|||177,311|510,952|(532,277)|(35,000)|120,986|
|Designated||||||||
|Youth/Subsidy
Fund|||10,000||(10,000)|15,000|15,000|
|Staff Safety|||3,000||(3,000)|||
|Capital Reserve|||11,279||(909)||10,370|
|IT Development
Fund||||||20,000|20,000|
|Donations
to Youth|Project|||829|||829|
|Roy Ray Fund|||1,405|2,030|||3,435|
||||25,684|2,859|(13,909)|35,000|49,634|
|Total unrestricted
funds|||202,995|513,811|(546,186)||170,620|
|Restricted||||||||
|Cultivator
Innovation|&|||||||
|Inclusion
Placement|Awards|||10,192|(10,192)|||
|Unlocking
Potential|Growth|&||||||
|Productivity|||667||(333)||334|
|DWP Access to Work||||||||
|Equipment|||1,194||(588)||606|
|St Ives Rotary Youth|Donation|||1,000|(1,000)|||
|ERDF CIOS Kickstart|||3,350||(1,651)||1,699|
|Kickstart Job Placement|||617||(304)||313|
|Little Pare Owles Trust||||1,151|(1,151)|||
|ERDF Future Focus,||||||||
|Unlocking
Potential,|managed|||||||
|by University
of Exeter||||1,000|(200)||800|
|Unlocking
Potential|Graduate|||||||
|Jobs||||3,000|(3,000)|||
|Cornwall
Council Omicron||||||||
|Hospitality
and Leisure Grant||||5,334|(5,334)|||
|Cultivator
Creative
Investment||||||||
|Grant Phase Two||||2,767|(2,767)|||
|ERDF Superfast 3 Inclusive||||||||
|Growth||||6,000|(6,000)|||
##
##
|
2023||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1January|Incoming|Resources||December|
||||2022
F|resources|expended|Transfersf|2022
F|
|Cornwall
Community||||||||
|Foundation,
Headstart||Kernow||||||
|Young People's|Mental|||||||
|Wellbeing
Fund||||5,221|(5,221)|||
|Wilhelmina
Barns-Graham||||||||
|Trust|||3,160|4,500|(5,460)||2,200|
|Taylor Money Limited
CDC Cornwall
- CLLD||Project|9,285|4,500|(4,500)
~4,596||4,689|
|Total restricted|funds||18,273|44,665|(52,297)||10,641|
|Total funds|||221,268|558,476|~(598,483||181,261|
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||||||||Total funds|
|---|---|---|---|---|---|---|---|
||||||||at 31|
||||Unrestricted||funds|Restricted|December|
||||General
f|Designated||funds|2023|
|Tangible||fixed assets|||3,348|653|4,001|
|Current|assets||319,367||36,342|6,045|361,754|
|Current|liabilities||||||(179,794)|
|Total net||assets|139,573||39,690|6,698|185,961|
||||||||Total funds|
||||||||at 31|
||||Unrestricted||funds|Restricted|December|
||||General|Designated||funds|2022|
|Intangible||fixed assets||||1,594|1,594|
|Tangible||fixed assets|10,370|||6,847|17,217|
|Current|assets||314,065||49,634|2,200|365,899|
|Current|liabilities||(203,449)||||(203,449)|
|Total net||assets|120,986||49,634|10,641|181,261|
##