THE FINANCIAL STATEMENTS Epiphany Arts Trust for the year ended 31 May 2024 Company Number 08080689 Registered Charity Number 1147936
Epiphany Arts Trust INDEX 31 May 2024 Page INFORMATION DIRECTORS REPORT 2105 INDEPENDENT EXAMINERS REPORT STATEMENT OF FtNANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 91015
Epiphany Arts Trust CHARITY INFORMATION Direetors Eira Steel Richard Williamson David Steel Linda Entwisile Robert David Whit¢ Marion Matha Whit¢ Matthew James Williamson Charlty Number 1147936 Company Number 8080689 Charity Correspondence Address Epiphany Arts Trust 2 Ivy Road Poynton Cheshire SK12 IPE Independent Examiner G P Brookes FCA Chartered Accountant 130 Wombourne Park Wombourne S Staffs WV5 OLY Bankers CAF Bank 25 Kings Hill West Malling Kent ME19 4JQ also Lloyds Bank
Epiphany Arts Trust Dire¢tors and Trustee$ Annual Report For the year ended 31 May 2024 Strncture, Governance and M*nagem¢nt Epiphany Art Trust's primary Governance document is its Memorandum and Arti¢l¢s of Association incorporated on 23 May 2012 The Charity is constituted as a Charitable Company Limited by Guarantee Trustee recruitmellt, appointment and training Trustees are sel¢¢ted by appointment upon the recommendation of the existing Trustees. The existing Trustees make every effort to ensure that any new Trustee apwintment will contribute significantly to the skills base of the team. Areas of particular expcrience and comp¢ten¢¢ are a¢tively ¢xamin¢d as well as the need for a trustee to be familiar with the aclivities of the Charity. Having identified a potential candidate one or other of the existing Trustees will be nominated io meet with and to appraise the potential Trustee as to the role and responsibililies of serving the charity in the capacity of a TrtEsl¢¢. Due to th¢ size and nathre of the Charity, we have adopted an informal training and induction process for new Trustees. This is achieved through interaction with the existing Trustees and through the provision of current documeniation on ihe role and responsibiliti¢s of Truste¢s provided by the Charity Commission. Organisational S¢ru¢ture The Charity is organised so that the Truste¢s m¢¢t regularly lo manag¢ its affairs. Risk mallagement A purpose of ihe Directors is to be awar¢ of any major strategic, operational and financial risks lo the Charity. In the year ahead. all of the major areas of risk will be r¢view¢d and monitored in the light of the latest guidelin¢s. With r¢gard to operations, Epiphany has sufficient public liability insuran¢¢ io cover events. Objectives and Activities Epiphany has a passion for excellence in the arts and a belief that music, particularly in an improvised forni. can communicate beyond spoken words and engage the listener in creative ways to enhanc¢ g¢neral wellbeing. Epiphany believes in the therapeutic valu¢ and benefits of music and is keen to share this with people, and parti¢ularly th¢ most vulnerable in society. Wc also seek lo b¢ a model for ¢reative communication within the Christian ¢hur¢h and the wider communities it is involved in. We believe we play an important role to wid¢n the scope of improvised music within the arts world generally and we have also found this to be very effective in our collaboration with visual artists. Achievements and PerformAllce The Charity Commission's Guidance on Public Benefit remains ¢entral to our planning and in seeking out new opportunities. We are committed to offering opportunities for people of all ages, and in all walks of life, regardless of belief, ethnicity and sexual orienlation.
Epiphany Arts Trust Directors and Trustees Annual Report For the year eDded 31 May 2024 Our a¢tivities Concerts We have continued running our Coffee Con¢ert series in Poynton, offering a mixture of light as w¢ll as more demanding classical pieces. Our 'Classi¢s for Christmas, concert at St. George's Church in Poynton, perfornied to a capacity audience, ¢ontinues to be a hi)11ght for tnany. These concerts also give us opportunities to involve a wider number of musicians which add to the variety of music we can perforni. In addition to these we perfortned other concerts in th¢ area, including one at Pott Shrigley. Oih¢r than ¢oncerts, our activities this year have included m&ny oih¢r events, some of which are not m¢ntion¢d in this report as our aim is to bring you the highlights. Ea¢h event includes a team of on average six musicians and on¢ or two olher artists. We generally record the music we play at each event and offer a download link to it subsequently to the people we play for. Ashburnham Place. Suss Our Ashburnham Place connection Continues to involve us in a variety of opportunities lo play for onsite residents, for the constantly ¢hanging body of volunteers who work there, and for local communities who use the site as well as for day visitors. We visited Ashburnham Place twice in June, in September and twice in November 2023, and in January, February and April 2024. Each time it was different and gave us opportunities to play in many different settings. One su¢h setting is the Orangery, a tea shop in th¢ grounds whi¢h is open to the public. We w¢r¢ asked again to play at the 'Sparks' weekend in January. This is always interesting for us in that it is aimed at those on the fringes of the Christian faith and those who are exploring ways lo give diff¢r¢nt expressions of it. Bexhill- Ukrainion Refugees An offshoot of our Connection with Ashburnhatn Place is playing regularly for Ukrainian refugees at their hub in Bexhill-on-sea. We visited there in June and November 2023 and in February 2024. Each time there was evidence of the music touching hearts at a deep level and giving a sense of freedom, joy and release. At the end of one session. a lady stood up and spoke in her native Ukrainian (which was th¢n translated).. "When we are in the middle of you we have a lot of emolions and ar¢ sp¢¢¢hless. W¢ can't say how we ar¢ grat¢ful and thanks to you. Through your music I'm having a connection to God" W¢ are extremely grateful for the funding we have received to enable us to do this through Roihcr Voluntary A¢tion https'.Ilwww.rYa.uk.¢om/ We are also very grateful lo the leadership at Ashburnham Place for enabling us to run our 3-day 'Space Retreat, which happened twice this year. This has been good for us in that we have had to draw on Ihe many lalents and creative abilities of our team across a whole spectrum of the arts including imaginaiive pr¢s¢ntation. It has been challenging but fruirful. Worcester cler Cortference- bul nol in Woreesler At the end of September 2023, we enjoyed a very special afternoon al High L¢igh Conference Centr¢ just north of London on 27th September, playing for the annual Worcester Diocesan Cl¢rgy Conference. We offered several Sound Portraits to delegates and then put on a creative act of worship for everyone. It is always an honour lo continue to be asked io shar¢ our music at these clergy confer¢n¢¢s.
Epiphany Arts Trust Directors and Trustees AnDual R¢port For the year ended 31 May 2024 Clayton (Bradford)- Playingfor adulis with learning dijficuliies In October 2023, we travelled to Clayton (Bradford) to spend the afternoon playing for a number of adults with severe leaming difficulties and their carcr5. who ar¢ clients of a national orfrgnisation called 'Turning Point,. It was lovely lo witness our audien¢e being deeply louched as we offered creative perfomances and interactive session5 Wlth these very special people, and the responses were incredibly moving and heart- warming. Some of us teared up as w¢ watched them respond to our music in ways that their carcrs said they'd rarely seen before. Manchester- a very different kind of art exhibition One evening in December 2023 we played improvis¢d music al an ¢xhibilion entitled "Street Eyes" in Central Manchester. which exhibited illustration. typography and photography from well_known (to ihose in the know) illustrators. To give a flavour, the organiser, Micah Purnell said this. Once I became aware that advertising held an aesthetic monopoly on ¢ommer¢ial space I wanl¢d to gel involved and mix il up a bil. rather than having to see somefhing that pla)'s on your ¢motions to get lo your pocket, we can offer something light, and easy on the eyes, mind and soul." That ¢ompl¢tely fitt¢d with our own s¢tis¢ of music being able to lighten the mood and distract frotn the pull of materialism. We had an opportunity to play some sound sketches for some of the art15ts at the exhibition which was great fun. Brigh¢on- afeastfor the community In Mar¢h 2024 we spent a weekend at St Luke's Church. in Prestonville. Brighton, through th¢ invitation of our artist friend, Tamara Jackson. This church engages in many creative projects, and is one of the locations for the Junk Food Project= https'.Ilwww.realjunkfoodbrighion.co.uklaboutl On Saturday afternoon w¢ played sound portraits for individua15 involved in several vulnerable groups in the Brighton area, including for DASH, an art group designed to support sufferers of dementia and their carers, and also for members of the New Note Orchestr4 who use music to help people who hav¢ faced addiction, homelessness, isolation and mental health issues. In the evening we offered what we call a 'Space' event for th¢ general ¢ommunity, where music 15 played with the intention of helping people lo Create space in their minds. bodies and souls lo help them unravel the complex difficulties they are experien¢ing. Here is an example of a comment we received after the event: 'Thank you so much for the wonderful experience with your ensemble lasl Saturday. It was a deeply moving experience, one which I will treasur¢. I'm so glad we weni back to the evening space event. It had a deeply spiriiual sense of healing, hope and joy which has siayed with me. I've been able to revisit it as a calm place during challengiTJg times with my husband who is on his Alzheimer's journey. I'm very grateful for that." Future plans W¢ ¢ontinue to look for ways to encourage oth¢r musicians in the art of improvisation. Our aim is that new and independ¢nt ventures will be established under our inspiration and guidance, and if necessary with some funding. to do similar things to us but also be inspired to creatively develop new ideas. We are starting to see the fruit of this with one group in particular beginning lo initiate their own events. We are also starting to envisage a local group taking over some of our work at Ashburnham. This is important in another sense too as more local groups mean less trdvelling. making it less costly for hosts in t¢rn)s of paying travel expenses. As for Epiphany as a whole, we continue to receive requests and our diary is filling up. However, there have been some changes within our main body of volunteers which have necessitated a rethink aixiut some of our activities. For that reason, the autumn of 2024 will involve fewer events than usual, to give us a ¢hance to consider our priorities for the future.
Epiphany Arts Trust Directors and Trustees Annual Report For the year ended 31 May 2024 Review of fiDall¢ial pitiOn, etc Epiphany's financial situation remains stable and healthy wilh our regular donors continuing to give to us plus a recent additional benefit of a sizeable gift There WBS a marked improvement in revenue this year wilh the corresponding expenditure, resulting in an encouraging surplus. The gross income for the year 2023-24 was £63,204 (cp. £41,248 2022-23) with gross expenditure at £43,567 (cp. £45,083 2022-23) resulting in a surplus of £19,637 compared with th¢ defi¢it of last year of £3.835). Funds carried over to next year amount to £43.615 ¢p (£ 23.978 2022123) Reserves poli¢y Having previously agreed a reserves policy of 3 months which would be a figure of around £1 0.000, this w&5 revised to a figure of £5,000- about 116 of our annual expenditure. This will be kept under review. Stglements of Directora resp0115ibilities The directors are required under Company Law lo prepare finan¢ial statements for each financial period which give a true and fair view of the state of affairs of the Company and its results for that period. In preparing fhose financial statements the trustees are required to.. Select suitable accounting policies and apply them consistenily. Make judgements and estimaies that ar¢ reasonable and prudent. Prepare the financial statetnents on a going concern basis unless it is inappropriate to assume that the charity will continue in business. The directors are responsible for the keeping of proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are a150 responsible for the safeguarding of the assels of the charity and hence for taking reasonable steps for th¢ prevention and detection of fraud and oth¢r irregularities. Approval This report was approved by the directors on 2024 and signed on their behalf. Director
Independent examiner's report to the trustees of the eharitable eompany Epiphany Arts Trust I report to the charity trustees on my examinaiion of the accounts of the company for th¢ year ended 31 May 2024 which are set out on the following pages Responsibilities and basis of report As the charity trustees of the cotnpany (and also 115 directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan¢¢ with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the a¢¢ounls of the ¢ompany are not required to be audited under Part 16 of the 2006 Act and are eligible for ind¢p¢nd¢ni examination, I report in respecl of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under se¢tion 145(5)(b) of the 201 l Act. Independent Examiner's Statement I have completed m}, examination . I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect . (i) accounting records were not kept in respect of the company as required by section 386 of th¢ 2006 Act or {2) (3) the account5 do not accord with those records the accounts do not comply with the accounting requirements of seclion 396 of ihe 2006 Act oth¢r than any requirement that the accounts give a 'true and fair view ' which is not a matter Considered as part of an independent examination 'or (4) the accounts have not been prepared in accordance with the tnethods and principles of the Statement of Recommended Practice for accounting and reporting by chariti¢s applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland { FRS102). I have no concerns and hav¢ come across no other matters in connection with the examination to which attention should bc drawn in this report in order to enable a proper und¢rstanding of the accounts to be reached. r.. Name Relevant Professional Qualifications Address Gary Peter Brookes FCA Bsc 130 Wombourne Park Wolverhampton South Staffs WV5 OLY Date .
Epiphany Arts Trust STATEMENT OF FINANCIAL ACTtVlTIES (including Ineome and Expenditure) Year ended 31 May 2024 Notes Restricted Funds 2024 Unrestricted Funds 2024 Tolal Funds Totsl Funds 2023 2024 INCOME Donation5 20,189 21,845 42,034 23,587 Charitable Activities 20,896 20,896 17.538 Investment Income 274 274 123 Tot#1 IDcome 20,189 43.015 63,204 41.248 Expendlture Charitable A¢tivities 13,039 30.528 43,567 45,083 Total Expenditure 13,039 30.528 43.567 45,083 Net Ineomel( Expenditure) •nd movement in funds 7.150 12,487 19,637 (3,835) Re¢oDciIiAtioll of funds: Total funds brought forward 23,978 23,978 27,813 Total funds carried forward 7,150 36,465 43,615 23,978 There were no recognised gains or losses for 20?4 and 2023 other than those ineluded in the Financial Activities All surpluseO(d¢ficits) are a result of continuing activities as one-off aclivities are structured so as to produce no surplus or deficit
Epiphany Arts Trust BALANCE SHEET As at 31 May 2024 Conwuny Number 08080689 Notes 2024 2023 TAngible Assets 1,661 2,021 Current Assets Sto¢k Debtors Bank & Cash in hand 1,500 2.670 38,583 42,753 2,000 2.600 18.132 22,732 Creditors . Amounts falling due in less th#n one year io (799) (775) Net Current Assets 41,954 21,957 Totsl Assets less Current Liabilities 43,615 23,978 Capitsl Restricted Funds 12 7,150 Unrestricted Fund5 General 36,465 23,978 Totsl 43,615 23.978 The directors have taken advantage of the Cotnpanies Act 2006 in not having these a¢counts audit under slI0n 477 (1). No members have required the Company to obtain an audit of its accounts for the year in question in accordance with section 476. The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and s387 of the Cotnpanies Act 2006 and for preparing ae¢ounts which give a true and fair view of the 5tste of affairs of the company as at 31 May 2024 and of its profit for the year then ended in accordance with the requirements of s396 and which comply with the requirements of th¢ Act relating to the accounis so far as appli¢able to the company. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicabl¢ to companies subject to the small companies r¢gim¢. Signed and approvsj on the behalf of the Trustees on /£ A,iJk .2024 Trustee ". Name Linda Entwistle
Epiphany Arts Trust NOTES TO THE ACCOUNTS year ended 31 May 2024 l. Accounting Policies Basis of preparation The charity coiistitutes a public benefit entity as defined by FRS 102. The finan¢ial stat¢m¢nts have been prepared in accordance with Accounting and Reportin8 by Charities.. Statcment of Rc¢ommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the Uniled Kingdom and Republi¢ of Ireland (FRS 102) second edition published October 2019, the Charities Act 201 l and th¢ Companies Act 2006. The Financial statements are prepared on a 80ing con¢¢rn basis under the historic cost Convention modified to include certain items at fair value when applicable. Funds Unrestricted funds Unrestricted funds are available for use at the discretion of the trustee5 in furtherdnce of the general objectives of the charity and which have not b¢¢n designated for other purpos¢s. Designated funds D¢signal¢d funds comprise of unrestricted fund5 that have been set aside by the trustees for particular purposes . The aim and use of each designated fund is set out in the notes to the financial statetnents. Restricted funds Restricted funds are those funds which are to b¢ used in accordanee with sp¢¢ifi¢ restrictions imposcd by donors which have been rais¢d by the charity for particular purposes. The cost of raising and administering such fund are charged against th¢ sp¢¢ific fund. The aim and use of each restricted fund 15 set out in the notes to the financial slalements. Donations or grants received for a specific object or invited by the charity for a specific object. The funds may only be ¢xpcnded on the specific object for wl)ich they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. Th¢ ¢harily does not usually invest separalely for each fund. Income Reco2ni¢ion Donations are recognised when received. Grants are accounted for when the charity is legally entitled to the amounts due. All other income is r¢¢ognised when it is receivable. All incoming resources are accounted for gross. Expenditure Re¢o2ni¢ion All expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cosls related to th¢ Category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable ihat the settlement will be requir¢d and the amount of the obligJation can be measured reliablj.. It is categorised under the following headings: Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Epiphany Arts Trust NOTES TO THE ACCOUNTS year ended 31 May 2024 Support Costs Support costs are those that assist the work of the charity but do not directly represent charilablc ctiviti¢s and include otTic¢ costs , goYernan¢¢ cosls , any administrative payroll costs. They are incurr¢d dir¢¢tly in support of expendilure on the objects of the charity and include projecl management carried out . Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charilabl¢ activities on a basis Consistent wilh use of the resources. Premises oveA)eads and central functions have been allocated on an activity costs basis consistent with the use of resources. Governance costs Include costs of the preparation and examination of slatutory accounts, the costs of trustee me¢tings and c05t of any legal advice to trust¢¢s on governance or constitutional matters. Debtors And creditors Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impaim)¢nt are recognised in expeiiditure. Going Concern Subject to the unknown t¢m and impact ofih¢ Coronavirus pandemic. the directors consider that the charity remains viable for th¢ ycar ah¢ad subject to continued adequate financial support. Siock Stock is stated at the lower of wst and estimated selling price less cost5 to complele and sell. Cost includes all costs of purchase , production and other costs incurred in bringing to its present location and condition. Cost is calculated using the firsl-in first out forniula. Provision is made for damaged, obsolet¢ and slow moving stock where appropriate. Assets Tangible fixed assets for use bv charity Tangiblc fixed assets are staled at cost { or deemed cost) or valuation less accumulated dcpre¢iation and accumulated impairn)ent losses. Costs includes costs directly attributable to making the assets capable or operating as intended. These are ¢apitalised if they can be used for more than one year, and overall cost at least £IOOO. They are valued at cost. Depreciation is provided at rates calculated to wriie off the cost less estimated residual value, over their expected useful lives. Musi¢al instrumcnt @ I Oolo 10
Epiphany Arts Trust NOTES TO THE ACCOUIYTS year ended 31 May 2024 2. Income from Donatiolls 2024 2024 2024 2023 Restricted FuDds Unrestricted Funds Total Tolal Donations Gift Aid Tax refunds 20,189 19.175 2,670 21,845 39.364 2.670 42,034 20,899 2,688 23,587 20,189 3. Income from charitable activities 2024 2024 2024 2023 Restricted Funds Unrestricted Funds Total Tolal Expenses Reimbursed Concerts and Events CD sales and oth¢r 9,619 10.973 304 20,896 9,619 10,973 304 20,896 6,396 10.724 418 17.538
Epiphany Arts Trust NOTES TO THE ACCOUNTS Contd. year ended 31 May 2024 4. ADYdlysis of Resource5 Expended Charitable activities 2024 2023 Events and Concert Costs Travel Expenses Musical Director Fees Secretarial Expenses Musi¢ian Gift5 CD Production Costs of sales Advertising and Promotion Insurance Computer and Intemet Expenses Printing and Stationery Postage and Delivery Music equipment expense /depr Bank Charges Governance Costs 12.441 8,633 9,525 6,720 3,305 500 531 10.551 9,868 8,925 6,720 4,700 500 1,661 219 497 102 430 82 360 60 812 43,567 476 67 788 45,083 2024 2023 5. Governance costs Company Hous¢ return 13 13 Statutory accounts preparation and Independent Examination 799 812 775 788 6. Independen¢ Examiner's remuneratioll 2024 2023 Statutory accounts preparation, alld Independent Examination £799 (?023 £775) Remuneration or expenses were not paid to the Trustees for the year (2023 - NIL) except for a minority of trustees who had services and expense payment5 as outlined in related party transa¢tions per note 13 pag¢ 14 799 775 12
Epiphany Arts Trust NOTES TO THE Accouwfs Contd. year ended 31 May 2024 2024 2023 7. Stock Directors valuation of Stock of CDS at the year end 1,500 2.000 8. Debtors 2024 2023 Gift Aid Tax Due 2,670 2,670 2,600 2,600 9. Bank and C¥sh 2024 2023 Petty Cash Bank Accounts 38.582 38.583 18.131 18,132 10. Creditors . Amounts falling due in les5 than one year 2024 2023 Accruals 799 799 775 775 11. Fixed Aseets 2024 2023 Cost { Musical Instruments ) Additions this year Less Depreciation Net Book Value 3.605 3,064 541 (1,944) 1,661 {1.584) 2,021 12. Re5trieted Fund MovemeD¢s Fund Balance 31 May 2024 Fund BalaDce 31 May 2023 Incoming Resources Outgoing Resources Various donors 20,189 20,189 13,039 13,039 7,150 7,150 13
Epiphany Arts Trust NOTES TO THE ACCOUNTS Contd. year ended 31 May 2024 13. Related Party Transactions Linda Entwisile received £6.720 (2023 £6,720) for s¢¢r¢tarial s¢rYi¢es provided Richard Williamson £8,925 {2023 £8,925) for Musical Director services required Honorariums, reimbursements for bllsiness expenses were made to Richard Williamson Linda Entwisile Susan Williamson Sam Williamson £4,504 (2023 £2,799) £3,281 (2023 £3,679) £499 (2023 £325) (wife of Richard Williamson) £420 (2023 £1,109 {son of Richard Williamson) 14
Epiphany Arts Trust NOTES TO THE ACCOUNTS Contd. year ended 31 May 2024 Note 14 previous )ear SOFA STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure) Year ended 31 May 2023 Notes Restricted Funds 2023 Unrestricted Funds 2023 Total Funds 2023 INCOME Donations 15.080 8.507 23.587 Charitable Activities 17,538 17,538 Investment Income 123 123 Total Income 15,080 26.168 41,248 Expenditure Charitable Activities 15.080 30,003 45.083 Total Expenditure 15,080 30,003 45.083 Net ( expenditure) and movement in funds (3,835) (3,835) Re¢onciliatioll of funds: Total funds brought fonvard 27,813 27,813 Total funds carried forward 23.978 23.978 15