Maccl8sfl•ld Community Artspaca TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st March 2021 Reglltered Ch•rlty No. 1153608 R•gl•tored Company No. 08290455 {England •nd Wale•)
Macclesfield Community Artspace Contents Pag• Leqal •nd Admini•tr•ts"ve Inforrn5Ltlon Trustees. Annual Report including statement of EK8cuts'vg Committee'• R•8pon8ib1l.es Independent Eumlnerfi R•port StatonI of Finondjl AcJvStle8 Balan Sh••t Not•8 to th• Finanaol St•tomants 9-11 Paqe.. 1
Macclesfield Community Artspace Legal and Administrative Information TN•te•s L. Lewis N. Young R.Melwlle N. Puttick T. 8ennett D. Hamlllon Secrelary Appolnled S January 2021 Appolnled 25 June 2021 Resigned 15 August 2021 Prlnclpal AddrM• Unil 3, Th• Arsenal, Heapy Street, Maccleslield. SK117JB Ind•p•nd¢nt Ex•mln•r Moore Klng$lon Smrfh LLP 4 Victoria Square Sl Alban8 Hertfordshlrg AL13TF Prfnclpal 8•nk•rn The CoperatIVe Bank P.0. Box 250. Dèlf House, Sk•lmer5dale, WN8 8WT R•gl•t•r•d Ch•rfty Number: 1153608 Rog18tèrèd Compiny Numb•r. 8290455 Page.. 2
Macclesfield Community Artspace Annual Report 2021 Tho truJto8s present th•ir r8POrt ond Ihe financial staternents for the year wded 315t March 2021. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documént Th8 company108251)4551 was orvjinally fomied on IncorpDrgtion on 12th Nov8rnb8r 2012. The cornpany regi8iergd 83 charty111536061 in Au9usI 2013. The company 15 governed by its Memorondum and ol Assoclatlon whith stBte that its objects Bre". To promote forthe banefil of the inhabitsnt8 ol Mac¢fIeld and the suffeunding area the provision of community faulities for recreabon of other leisur8 time o¢¢upabon for th• publlc al L4rg8 in the inter88ts of 80C4al wdfare and with th• obj8ct ol improving the conditson ol life of the Said Inhabit4nts, In particular but not exclu$ivgly by delivering a rango of creativ8 Art8 and communKy prol•ct8. R•crubtment and Appolnim•nt ol Tru•ts•• Trustees affj rfGruited locally and r•fr•sh8d annuglly in oc¢ordance wth the governing docum•nl. L. Lewi$ gppointed Nov8mbBr 2012 T. B8nnelt appointed Jun8 2021 R.Melvillv appoinlod NoV•Mr 2018 N. Putlid¢ appointsd De¢•mber 2019 N. Young appointed January 2021 D. H#mitton appoinl8d June 2017,. Msign•d August 2020 TN¥t•• Indu¢tlon •nd Tralnlng Tru$tee$ are encouraged to parlicipato In thv programm91 of troining provided by the CVS. Thi8 ye8r CVS tr41ning courses ware 8ttended by Artspoco volunl8er8. All Irust••s ara Acquainted with the re$pon$lbllrti•8 of Ih•ir role and duties and provldod wlth the r818vant Charity Commission Iiter8lure. RIBk Manag•m•nt The charity r8cogni885 tho lrnportancg ¢f fundin9 from mutuple •ourcei to aniure •uitaln*blllty. It l• eurrgntly workin9 to a three yaor busine$• F4an d•veloped in AugLlIt 2015, Org•nlutloD•l Stru¢tur• Tha ¢hgrity 18 go¥emed by the board of trUIte who ov8rné• thè working$ of the Itring group •nd forum of the charitse8 uier•, OBJECTIVES ANO STRATEGIES Tho obl•ct8 of the Gharity ar•.. To promot• lor lh¢ benefit of the inhJbhJntJ of Maccleih"eWJ and the surroundlny arga thu provision ol comrnunity f8cilitigs for r8cr8ètion or other leisure time occupation for the public at large in the intere818 of 50C181 welfare and with the object of Improving tho condibon ol life ol the said inhabitants. in p8rti¢ul•r bul not axdu8ivety by dellvering & rango ol cr•allv• arts and cornmunlty prol8Cti. The prinriples ol the charlty include indu6ivity, aec•aiibility rowding. Stsff #nd Voluntv• The ¢h8rty oper8te& totally through volunteerJ wrth the exptiOn of occasional p8ym•nt to prolessiun¥l$ lor specific pfoje¢ls. Wthout this ¥abJabl• eontribirtion of tlme and energy we would nol have been able lo achievo so much. Page.. 3
Macclesfield Community ArtspaGe Annual Report 2021 Obl•cts and Strat•gy Icontlnuodl (continued) ACHIEVEMENTS AND PERFORWINCE Revlew Apiil 2020 to M4rch 2021 ArtSPSC8 Conts'nued to proivide Gorvrnunity art servSces, resource5 and support where p0881ble through 2020-21. Despit8 Elosure due to eovid our volunt88rs helped rBise funds by $ellin9 masks. whlch wa5 m8lch funded by the l(t81 ¢ouncil. This has meant that we h8va ben able lo $&nits"se and Clear our space and reopen to certain vulnorabl8 groups. We h8V8 tseCe involved dlIallY with our local comrnunity and plan lo use diglal rnedia more to deliver 8ervi• in the future where thi6 WDuld be approprlate. Publlc Bonaftt The Tru81•8S BIP 8wsre ol the guidance i18ued by the Charity Commi18ion 8nd th• requirgm¢nt ol th• Charbtios Act 2011 in r•5pect of thi$. The reviow of ¢ho tharity'8 8tr8tegy Jnd ach*vemeni 8howts thai tt 1$ oper4ting to provide public benefit and that its Jervices 8re readily availablo io all thotyg who n¢gd Ih•m. Fln•n¢lil Revb•w Some unrastricteo 4nd r•$lrl¢tod luné5 wer• carried over frorn the proviou6 yoar. Durlng the course of th• year the charity raised Ihrcugh its own activiti8•. friend8 8cheme ond don8lioni and al th• •nd of the year showed a iurplu5. The charity has no p8id emplaye81 and the malority ol èxpendilure was Ihe provilion ol pr•miJ•8, materio1• and equipm•nt. The tru8t••$ wctukl Ilk• to thank th• Fri•nd8 of ArtBPSC8 lor their 8UPPOrt. R•••Th•• Poll¢y The Tru•tee8 8et • r88•rv•i policy al their rneating in Sèptember 2015 lo build up to al Ivast 3 monlhi general 8dmini¥tr8tsve running costs1£3,5001 to be $vailabk• In our general fund in resdity rgaliBabl¢ folrn to me•1 our increg5ing obligBtion$. The charity'i k•vel ol unreslricted r•Mrv•i zl 31 March 2021 w•6 £22,6 8nd the lev81 of re8tricted lund8 wa8 £13,325. Futur• Plan• The focus lor 2021-22 will be to clubously reopen our ip8c• lo the Wer communlty while being careful to Icllew exi51ing Covld proto¢ol$ In line with the current siliuaknon. W• are planning now for proj•cls t8king place in 2022 where we wiu be engaging with local groups on community art projects which will lak• ArtSpac• into the Ioc81 area also lo use our &p8C8 for larger build$ which v4ill feature In key IDcal •v•nl8. P8ge'. 4
Macclesfield Community Artspa Annual Report 2021 {continued) RESPONSIBILITIES OF THE BOARD OF TRUSTEES Company law applicable to charitse8 in England and Wale5 requir88 the trustees to prepare financial 8laternents for each financial period which gives a true and fair Vvdw of the charity$ financial a¢tivrties dudno the penod and of its finsnci41 po$itson at the end of the periad. In propsring hn8na81 statelnenls giving a true and fair view, th• trust88S Shou fcllow best practi58 8nd.. 501act &uilable accounting pc4icle8 and theTr apply thgm consistently,. make judgements and e$knmalos that are reasonable and wudent., state whathor applicabl8 occounling standard3 and statement$ of recomm8nd8d practi#a have b88n fellowed, subject to any ma18rial departures di5c105ed and ?xplained In the finanryal stAtements. Bnd prepara the financial statements on th8 going concern ba618 unle88 1¢ is Inappfopnate to pre8ume that Ihe charity will continue in operation. Th¢ tru8tee6 are rn8pon$*)le for keeping accountr'n9 records whch d18c108e with reasonab accurBcy the financial positson of the charity and which en8ble them to ensurè that the financial ststemen15 comply with 8pplicable law. They ¥re also r8spon$ible lor saf8gu8rd5ng Iht assets of the charity and hence for t8king 8lep6 for the prevention and detection of frauLI and other irr•gularttiei. and signed on its behalf by.. LL LtA L. Lewis (Secretary) Pagè". 5
Independent Examiners, Report to Members of the Macclesfield Community Artspa I report on the accounts of Macclesfield Community Art$pa¢e lor the year ended 31st March 2021, which compri58 thè Stat8ment of Financi81 Acllviues, Balance Sheet and related notes. These financial statement5 have been prepared in accordance wlh the accounting poliues sèt otsl thèr¥in. Re•pectlve Respon•lbllltlu of TruJt88s and Examiner The chartty's trustee5 are responsible for the preparation ol the accounts. The tharltys Iruslees consider that an audit Is not required lor thi8 year under section 144121 of the Charities Act 2011 Ith? 2011 Act) and that an independent examination is needed. li is my responsibility to.. exarnine the 8ccoun18 under section 145 of the 2011 Act.. lo follow Ihe procedures laid down in the general Diiecllons glven by the Charity ComrnlSSKsn under sectlon 14515llbl ol the 2011 Act., and 10 State whether particular matters hgve come io my 8lienllon. 8••1• of Ind•ynd•nt Examinatlon My examination was carried out in accordance with the Gener81 Directions given by the Charity Comrnission. An examination includes a review of the accounting r8cords kept by th& charity and a comparison of the accounts presented with those records.11 a150 Includes con51deralion ol any unusual ilern8 or d18closure8 In the accounts, and seeking explanati'on from you 8$ ITuslees coneeming any such rnatters. The procedures undertaken do not prowde all the èvldence th81 would be qUired in an audit and consequently no opinion 15 given as to whether the gccount8 Pfesgnt a 'lrue and fair vith and the report is limited lo Ihose matters sel out In the slalemenl below. Ind•p•ndont Ex•mln•rf• 3tat•m•nt In Aceordancg with my examlnallon, no maller has come lo my attention.. 111 which qSves me reasonable cause lo believe that in any material respect th• r&qulr&m8nls', to keep accounllng rKord¥ in accord8nce wllh $tIOn 130 of the 2011 Act., and lo preparg accounts which accord th the accounting records and to comFly wrth Ihe accounting requirements of th& 2011 Acl have not beèn mel., or 121 lo which, in my opinion, allenlon should be drawn in order lo enable a propef understanding of the a¢UnIS lo be Teached. l¥l• Vltl•llo FCCA For and on behalf of Moore Kingston Smlth LLP harier•d Account8nts 4 VKtoria Squaro St Alban5 ertfordshire AL13TF 1810312022 Page.. 6
Macclesfield Community Artspace Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the year ended 31st March 2021 2021 Unrastrtctsd Rbstrlcted Fund• Fund• 202D Unre8trlct•d Re$lrfcted Fund• Funds Total Fund• Tol¥l FndS Note INCOME AND ENDOWMENTS FROM: Donatlonl ond Ityacle8 5.269 5.269 7.059 7.059 Ch4ritabl¢ •¢tNiti?$ 15,671 10,175 25,846 7,850 3,000 10,650 other tradlng 0ctivle? Totsl 880 15,889 25,665 10.175 35.840 4,489 20,378 EXPENDITURE ON.. Charitable activrtie3 Total 12,775 12,775 400 400 13,175 13,175 15,583 15,583 3,251 3,251 18,834 18.834 N•t Incom• 22 685 306 1.238 Transfer between lund8 3,877 13,6771 N•t rnowm•nl In lund• 306 Reconclllauon of fund•'. Total funds brouqhl foNa 6,339 7,227 13,568 6,033 5,989 12,022 Total fundi eaffl•d fovAt•rd 8 3.566 Tho gtaternent of fiThancial 8divilieJ indudes •119ains and109ses recognised in the ye8r ané all In¢¢me ond exp•ndrtur• derive from conbnuing activilles. Page: 7
Macciestieid Gommunity Artspace Balance She8t at 31 March 2021 Note 2021 2020 Flxod Assets.. Tangible Assets 800 1,2Crf) Curront A$$•ts: Cash at bank and in hand Total current ass8ts 35,431 35,431 12,366 12,36e Total n•t J$••t• 13,56 Th• fund8 of th• chathy: Reslricted funds Unresldcled lunds 13,325 22.906 7,227 6,339 Total Fund4 36,231 13,566 For the financial peri¢xl ended 31 March 2021 the Gharltable company w88 entitled lo 8xemplion from audil under £9clion 477 of th8 Companies Act 2006. No member of th8 charllable company h88 dèposlled 8 nollce. pursuant to Secllon 476. roquiring an audit of Ih88e linAncl81 slal8menl$ und8r the requlremenls ol the CDmp8nle8 Act 2006, Tho dlreclors acknoWd9 their r8sponsibilili88 for ensuring Ihal the charilablo company k88P8 acwunling records whlch comply with secliLin 386 of th& Act and for preparin9 flnanc1818talem8nl8 whSch give a true and fair view of the slalg of affairs of tho ch8ri18ble comapny as al tho 8nd ol the financial pertod and of Ils prolll or loss for the financlal ptrrK)d in accordance with the reouiremenls of sectlon 394 and 395 and which otherwise comply with the reqLtlrem9nls of the Cc¥Thpanles Act 2006 r818ting lo accounts, 50 far a8 applicable lo the ch8rilable company. Approvèd by Ihe Board of Trustees on ....i4-..ffj&btA Zoz and signed on its behalf by.. L. L•wis Secretary YULI hj Company number- 08290455 Page.. 8
Macclesfield Community Artspace Notes to the Financial Statements For the year ended 31st March 2021 Accounting Poli¢io• 1.1 Ba•ls of Preparation The fnancIal statements have been prepar8d in accordance th the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. The cornpany is a public benefrt entsly fof th purposes of FRS 102 and a regist•red charity established 85 3 cornpany lirniled by guarantee and thereforè ha5 also prepared 115 financjal statements in accordance with th8 Statement ol Recommended Practice applicable to charities preparing their accoun15 in accordance wth the Financial Reporting Standard applicable in the UK and Republic ol Irttland (The FRS 102 Charitse5 SORPI. the Companies Act 20[ and Charllle8 Act 2011. The finan31 statements have been prepared under the hl8torfcal cost convention. 1.2 Golng conc•m The trustee8 have assessed whether th• us8 of going ncern is approprlale and have considered posslble events or conditions that Might cast significant doubt on the Ability of the ch8rrt8ble company to conlinue as a going concein. The Iruslees have made thi5 assessment for a period ol at least on8 yèar Irom the dale of the approval of these financial slalemenls. In particular, the Iruslees have considered the charrtable company's loreca51s and projecllons. After makin9 enquiries. the Iruslees have conduded that there a reasonabl8 8XP8clalion that the charltable company has adequate resources to continue in operational existence lor th8 for•saeAb18 lulurg. The charitable company therefore continues to adopt thg golng concern basi5 in Preparing ils financial slalemenls. 1.3 Incomlng r••ourc•• All incoming re8ourcè8 are recongnlsed in the pe0d In whlch they are receivable which Is when the charlty becomes ènlilled lo the resouree. Income frorn grants. donations gnd fund rgising is recorded in the financial period lor whi¢h11 was recelved. 1.4 Ruourc•• Exp•nded Expendrture is accounted for on an accrua15 ba81s and h83 bggn c4053ified under h&adlngs that aggregate all costs rel8t•d lo Ihe c81egory. C0818 are apportioned beeen calegories on a dlr8cI basis. Where costs are apportloned between these headings a cons18lenl b8818 is used. 1.5 Fund Accountlng General unrestricled funds are those available lor use al the dis¢relion of the Iruslees In furtharanco of the general ctjeclive$ of the chaflly 9nd whlch have not been designated for other purpose8. Re51Tlcled funds ar• funds whlch are lo be used In 8¢ctsrd8nce wlth specific reslrKtions imposed by donors or which hove been r8l$ed by the ¢harlty for p8rticul8r purpose8. 1.6 Fln•n¢l•l In•tYym•nt¥ Cosh and cash equlvalents Cash and cash equivalents include cash al banks and In hand and short lerln deposits vhlh a rnalvrity d81e of Ihree monlhs or less. Page.. 9
Macclesfield Community Artspace Notes to the Financial Statements For the year ended 31 March 2021 Mot•% to th• Iln•n¢lal •tat•mont• (Contlnuad) 2 DonatlonB and l•gaclo5 R•strlet•d Unro8trlctod Unr8stricled 2021 2021 2020 Donations Friend• Scheme 2,308 2,961 4.133 2,926 3 In¢om• from ¢hArltsblfr ittl¥l*# Unr••trl¢tsd RM1rf•d Tot•1 2021 Unr88tricted Restricted Tolal 2020 Gr•nts 10,850 10850 7,850 4 In¢om• from oth•r tradlng actlvltl•• Unr••trlct•d R•itrfct•d Total 2021 Unreltricted R8•trlcted Tothl 2020 Events and Prlnt Mil 980 2,469 6 Exp•ndltur• on ch•rltsbl• •ctlvltl•• Unr•Btrlct•d R••trS¢t•d Tol41 2021 Unre•thet8d R88ld¢led Total 2020 Prof986ion81 f••• Consumable• Tools and 8qulprn?nt Proparty cost• Insurance Telephone Other expen9•8 Govèm#nce costs Inoto 71 474 458 474 458 446 650 1,095 807 207 8.883 1,008 599 5,634 207 7,383 1,OU8 599 4.533 8,600 975 498 3,157 8,6 975 t,500 400 3.557 1.101 613 613 601 601 400 18834 P8ge.' 10
Macclesfield Comrnunity Artspace Notss to the Financial Statements {contlnued) For the year ended 31st March 2021 Notsa to th• fln•n¢l•l stst•m•nt Icontlnuedl Gov•rn•nc• colts 2021 2020 Independent Examination compani House relum Total 600 13 613 588 13 601 7 Flx•d A•••ts Motor Tolal Cmt At 1 Apnl 2020 Addition8 At 31 M4rch 2021 2,000 2,000 2,000 Doprn¢l•tlon Al 1 April 2020 Deprèciation ch•rged for th• ye•r AI 31 MArGh 2021 800 400 1.200 800 400 C4rrylng Amount At 31 MBr¢h 2021 At 31 March 2020 800 1,20Q 800 1,200 8 Fund• Fund• Brought Fop•rd Fund• C•rrl•d Forw¥rd Ineorn• expondltur• Tr•D•f•r• R•8lrict8d funds 6.027 10,175 13,6771 12,525 Restricled fixe¢J asbet fundi 1,200 14001 800 Unrn8trthd fundi 8,339 25,685 112,7751 3,677 22,906 Total AnatyBIB of not aB#•t• b•tw••n fund• Unp••trkt•d R••trict•d Fund8 Fund• 2021 2021 Total Fund• 2021 Total 2020 Fixed asse Current a858ts 800 12.S25 800 35.431 36.231 1,200 12,368 13,566 22,906 22.906 10 Relatod party tranBaction• There have been no r8lated party tron8acb'onB in the year. P0ge.' 11