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2024-01-31-accounts

Arts Dream Annual Report 2023

Charity no.-1155713.

Company no.- 884457997 www.artsdream2013selsey.weebly.com

Introduction

Arts Dream Selsey (ADS) was founded in October 2012 as a voluntary arts organisation and is a Charitable Company that aspires to promote, maintain, improve, and advance education and appreciation of the arts in all its forms among the people of Selsey and District community. It is also a Company limited by Guarantee.

ADS engage all age groups in a range of arts participatory projects, to include workshops, demonstrations, productions, and exhibitions that involve residents, community artists, teachers, and national professional artists in a shared arts experience. Our current classes include art workshops and demonstrations, and an afternoon singing group for community singers. 150 people use those services weekly. We link with Applause Touring and recently brought ‘The Little Prince’ contemporary dance production to Selsey. ADS produces its own original semi-professional Drama productions. Since 2012 these have been seen by 4000 people. in 2023 there were a series of plays performed monthly from February to April.

We undertake a range of ‘creative partnerships’ to include for example Our Lottery funded ‘Out of the Ashes’ project - an artwork in response to the Selsey Academy fire 2016, seen by 5000 people, and exhibited at the Novium Museum Chichester. Currently this is now displayed in the Academy Selsey. Our ‘Selsey 57’ website and research project based on the lives of the 57 men and women who lost their lives in WW1 has been used in numerous research journals and academic reports. Our Patrick Moore installation is on permanent display at the Selsey Cricket Club.

To offer a variety of opportunities for the local community to see a range of artwork we produce events and productions by local regional and national professional companies.

‘Arts Dream is a tremendous asset to Selsey, encouraging first class Drama, Music and Art, and creating a sense of community and allowing people to come together and have fun’ (MG)

1. Executive Summary

1

Many of the years projects and activities have been instrumental in aiming to support these initiatives and promote an inclusive arts agenda. (These are detailed in the project outlines in 5 and 6 )

2. Objectives

There are no changes to our objectives:

2.1 Through engaging the community of Selsey in arts activities, projects and events the objectives are to:

3. Governance

3.1 There have been changes to the Governance Structure of the organisation and Becki Townsend after 12 years of being a Trustee has resigned. At this moment in time, we have

2

agreed not to engage a new Trustee. We have appointed a new Management Committee Member Alex McDevitt, and she brings a wealth of theatrical management experience to the committee.

3.2 To support us in our financial accounting Phoenix Accounting Services continues as our accountant. Gary Sharp remains the financial officer for art activities, and Gillian Plowman remains the ADS Treasurer.

Selsey Music Club, The Gramophone Society, The Selsey Pavilion Trust, The Selsey Festival, Selsey Community Forum. Cloud Nine Musical Theatre group, Selsey Community First Responders Scheme, Selsey Community Forum, Open Door Choir.

4. Collaborations

3

5. Regular activities

5.1 We continued with 3 regular art classes a week and Sing Your Heart Out. We discontinued Selsey Community Choir and were delighted it was taken over by Sylvia Rota under the new name of The Joy of Singing.

6. Projects

Our main projects this year were:

7. Funding and Sponsorship

This year we were funded by The National Lottery Fund to support our autumn projects

8. Statistical information. Participants and Audiences

8.1

8.Statistical informat
8.1
ion. Participants and A udiences
Date Activity Management
teams/volunteers
Participants Audience
January 2023 to
December 2023
Sing Your Heart Out 4 35
January 2023 to
December 2023
3 Arts classes 4 45
March 5TH2023 The Devil and the
Deep Blue Sea –
vocal entertainment
5 3 100
March 25th, 2023, The
little
Prince
danceproduction
5 8 70
April Art
professional
workshop
4 15
May 2023 4thand
5th
Philip and Rowena,
playreading
6 10 120
June 2023 3rdand
4th
The
Busters,
play
reading
6 10 120
June 17. 2023 Summer Serenade 6 15 80
June 24th2023 SYHO
Summer
8 70 200

4

Celebration
June 30thJuly 1st A Sea Change play
reading
6 10 120
August 2023 Art
and
Craft
Exhibition
10 30 1000
October 15th Supersonic Opera 6 5 68

8.2 Statistical information 2. Media and Communication

Arts Dream Website 200 views monthly
www.selsey57.org.uk 50 views monthly
Arts Dream Face Book 3000 reaches for all its online shares and
projects
Selsey57 Facebookpage 107 members
Out of the Ashes Facebook 751 members
SYHO closedgroup 73 members
Arts Dream Selsey Artists 3000
reaches
for
projects
and
announcements

During the reporting period ADS wrote articles for Selsey Life, and shared information on 30 Facebook pages, and 20 instagram pages.

8.Financial Statement

9.1 ADS continue to be to be financially secure and in a good place for the year ahead. ADS Our accounts are published separately.

2023 Achievements

5

management.

Chris Butler Director March February 2024.

6

ARTS DREAM SELSEY DIRECTORS' REPORT AND UNAUDITED ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

Phoenix Accounting Services Ltd MAAT 3 Selsey Bus Ctr Selsey Chichester PO20 0RS

Arts Dream Selsey Directors' Report and Unaudited Abridged Financial Statements For The Year Ended 31 January 2023

Contents

Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Abridged Income and Expenditure Account 4
Abridged Balance Sheet 5
Notes to the Abridged Financial Statements 6—7
The following pages do not form part of the statutory accounts:
Abridged Detailed Income and Expenditure Account 8

Arts Dream Selsey Company Information For The Year Ended 31 January 2023

Directors Ms Gillian Plowman
Mr Peter Driscoll
Mrs Sue Graves
Ms Rebecca Townsend
Ms Belinda Gannon
Ms Chris Butler
Company Number 8857997
Registered Office 6 Sea Grove
Selsey
West Sussex
PO20 9HT
Accountants Phoenix Accounting Services Ltd
MAAT
3 Selsey Bus Ctr
Selsey
Chichester
PO20 0RS

Page 1

Arts Dream Selsey Company No. 8857997 Directors' Report For The Year Ended 31 January 2023

The directors present their report and the financial statements for the year ended 31 January 2023.

Directors

The directors who held office during the year were as follows:

Ms Gillian Plowman Mr Peter Driscoll Mrs Sue Graves Ms Rebecca Townsend Ms Belinda Gannon Ms Chris Butler

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Ms Chris Butler Director

10/05/2023

Page 2

Arts Dream Selsey Accountant's Report For The Year Ended 31 January 2023

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 January 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

Phoenix Accounting Services Ltd

10/05/2023

Phoenix Accounting Services Ltd MAAT 3 Selsey Bus Ctr Selsey Chichester PO20 0RS

Page 3

Arts Dream Selsey Abridged Income and Expenditure Account For The Year Ended 31 January 2023

Notes
GROSS (DEFICIT)/SURPLUS
Administrative expenses
OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS
BEFORE TAXATION
Tax on (Deficit)/surplus
SURPLUS AFTER TAXATION BEING SURPLUS FOR THE
FINANCIAL YEAR
2023
£
(3,606)
(2,422)
(6,028)
6,112
84
2022
£
2,047
(1,188)
859
3,440
4,299

The notes on pages 6 to 7 form part of these financial statements.

Page 4

Arts Dream Selsey Abridged Balance Sheet As At 31 January 2023

Notes
FIXED ASSETS
Tangible Assets
4
CURRENT ASSETS
Debtors
Cash at bank and in hand
Creditors: Amounts Falling Due Within One
Year
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
Income and Expenditure Account
MEMBERS' FUNDS
2023
£
£
-
-
9,452
38,089
47,541
(100)
47,441
47,441
47,441
47,441
47,441
2023
£
£
-
-
9,452
38,089
47,541
(100)
47,441
47,441
47,441
47,441
47,441
2022
£
£
23
23
3,340
44,094
47,434
(100)
47,334
47,357
47,357
47,357
47,357
2022
£
£
23
23
3,340
44,094
47,434
(100)
47,334
47,357
47,357
47,357
47,357
-
47,441
23
47,334
47,541
(100)
47,434
(100)
47,441 47,357
47,441 47,357
47,441 47,357
47,441 47,357

For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 31 January 2023 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Ms Chris Butler

Director

10/05/2023

The notes on pages 6 to 7 form part of these financial statements.

Page 5

Arts Dream Selsey Notes to the Abridged Financial Statements For The Year Ended 31 January 2023

1. General Information

Arts Dream Selsey is a private company, limited by guarantee, incorporated in England & Wales, registered number 8857997. The registered office is 6 Sea Grove, Selsey, West Sussex, PO20 9HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

33.3%

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2022: NIL)

Page 6

Arts Dream Selsey Notes to the Abridged Financial Statements (continued) For The Year Ended 31 January 2023

4. Tangible Assets

.
Tangible Assets
Cost
As at 1 February 2022
As at 31 January 2023
Depreciation
As at 1 February 2022
Provided during the period
As at 31 January 2023
Net Book Value
As at 31 January 2023
As at 1 February 2022
Total
£
4,394
4,394
4,371
23
4,394
-
23

5. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 7

Arts Dream Selsey Abridged Detailed Income and Expenditure Account For The Year Ended 31 January 2023

TURNOVER
Sales
COST OF SALES
Purchases
Other Operating Income
Grants and subsidies received
GROSS (DEFICIT)/SURPLUS
Administrative Expenses
Insurance
Printing, postage and stationery
Accountancy fees
Charitable donations
Depreciation
Sundry expenses
OPERATING (DEFICIT)/SURPLUS
(DEFICIT)/SURPLUS BEFORE TAXATION
Tax on (Deficit)/surplus
Corporation tax charge
SURPLUS AFTER TAXATION BEING SURPLUS FOR THE
FINANCIAL YEAR
2023
£
£
14,954
26,360
(26,360)
7,800
7,800
(3,606)
905
331
144
19
23
1,000
(2,422)
(6,028)
(6,028)
(6,112)
6,112
84
2023
£
£
14,954
26,360
(26,360)
7,800
7,800
(3,606)
905
331
144
19
23
1,000
(2,422)
(6,028)
(6,028)
(6,112)
6,112
84
2022
£
£
9,490
21,464
(21,464)
14,021
14,021
2,047
855
97
144
69
23
-
(1,188)
859
859
(3,440)
3,440
4,299
2022
£
£
9,490
21,464
(21,464)
14,021
14,021
2,047
855
97
144
69
23
-
(1,188)
859
859
(3,440)
3,440
4,299
7,800 14,021
905
331
144
19
23
1,000
855
97
144
69
23
-
(3,606)
(2,422)
2,047
(1,188)
(6,112) (3,440)
(6,028)
(6,028)
859
859
6,112 3,440
84 4,299

Page 8