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|Trustees'|report|||1-8|
|Independent
examiner's|||report||
|Statement|offinancial|activities||10|
|Balance sheet|||||
|Notes to|the financial|statements||12 - 19|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023||2022|2022|2022|
|||Notes|F|F||F||E|
|Income from:|||||||||
|Donations
and|legacies||1,474|134|1,608|745||745|
|Charitable
activities|||38,914|150,885|189,799|129,038|108,471|237,509|
|Other trading
activities||||||15||15|
|Investments|||764||764|13||13|
|Total income|||41,152|151,019|192,171|129,811|108,471|238,282|
|Charitable
activities||7|42,231|148,871|191,102|69,950|107,191|177,141|
|Net income/(expenditure)|||(1,079)|2,148|1,069|59,861|1,280|61,141|
|Transfers
between|||||||||
|funds|||9,716|(9,716)|||||
|Net movement|in||||||||
|funds|||8,637|(7,568)|1,069|59,861|1,280|61,141|
|Reconciliation|offunds:||||||||
|Fund balances|at 1 April|2022|149,119|35,000|184,119|89,258|33,720|122,978|
|Fund balances at 31 March|||||||||
|2023|||157,756|27,432|185,188|149,119|35,000|184,119|
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||||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|||E||
|Fixed assets|||||||||||
|Tangible assets||||||12||784||279|
|Current assets|||||||||||
|Debtors||||||13|79,358||59,736||
|Cash at bank and||in|hand||||142,714||155,186||
||||||||222,072||214,922||
|Creditors:|amounts||falling||due within|14|||||
|one year|||||||37,668||31,082||
|Net current|assets|||||||184,404||183,840|
|Total assets less||current||liabilities||||185,188||184,119|
|The funds|ofthe|charitable|||company||||||
|Restricted|income|funds||||15||27,432||35,000|
|Unrestricted|funds|||||||157,756||149,119|
|||||||||185,188||184,119|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023||2022|2022|2022|
||||f.|F|||||
|Donations|and|gifts|1,474|134|1,608|745||745|
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|||||2023|2022|
|---|---|---|---|---|---|
||||||P|
|Northamptonshire
Community||Foundation||5,000||
|University
of Northampton||||16,753|11,964|
|West Northamptonshire|Council|||2,400|51,000|
|Artists' studio rental||||18,002|11,339|
|Garfield Weston Foundation||||20,000||
|Arts Council England||||61,104|61,104|
|South East Midlands|Local Enterprise||Partnership|9,842|13,367|
|NN Associates||||56,698|88,735|
|||||189,799|237,509|
|Analysis
by fund||||||
|Unrestricted
funds||||38,914|129,038|
|Restricted funds||||150,885|108,471|
|||||189,799|237,509|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||||E|
||Non-charitable|trading|activities||15|
|6|Income from|investments||||
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||E||
|Interest|receivable|764|13|
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||Expenditure
on chari|tabl|e
activities|||
|---|---|---|---|---|---|
|||||2023|2022f|
||Staff costs|||80,091|52,306|
||Printing,
postage and|stationery||241|630|
||ITexpenses,
phone and broadband|||1,969|2,919|
||Insurance|||1,611|1,603|
||Legal and professional|||281|188|
||Board expenses|||721||
||Bank charges|||153|103|
||Accountancy,
finance|and|payroll costs|437|1,283|
||Rent, rates and electricity|||2,011|1,478|
||Equipment
maintenance|||1,877|1,522|
||Cleaning,
waste disposal,||and recycling|1,493|1,748|
||Training
and travel|||83|13,738|
||Sundry expenses|||515|2,926|
||Marketing|||12,177|4,192|
||Consultancy|||33,917|4,515|
||Programme
costs|||20,129|27,767|
|||||157,706|116,918|
||Share of governance|costs (see note 8)||33,396|60,223|
|||||191,102|177,141|
||Analysis
by fund|||||
||Unrestricted
funds|||30,671|69,950|
||Restricted funds|||160,431|107,191|
|||||191,102|177,141|
|8|Support costs|||||
|||||2023|2022f|
||Overheads|||1,699|838|
||Office costs|||5,146|5,920|
||Staff costs|||26,551|53,465|
|||||33,396|60,223|
||Analysed
between|||||
||Charitable
activities|||33,396|60,223|
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|The ave|rage
monthly
number ofemployees
during
the y|ear was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Wages|and salaries|96,294|89,830|
|Social security costs||4,132|3,566|
|Pension|costs|2,100|1,912|
|Training|and travel|3,657|2,677|
|Freelance and consultants||35,030|27,154|
|||141,213|125,139|
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|Tangible fix|ed asset|s||
|---|---|---|---|
||||Plant and|
||||equipmentf|
|Cost||||
|At 1 April 2022|||15,550|
|Additions|||910|
|Disposals|||(15,550)|
|At 31 March|2023||910|
|Depreciation|and impairment|||
|At 1 April 2022|||15,271|
|Depreciation|charged|in the year|126|
|Eliminated
in|respect|ofdisposals|(15,271)|
|At 31 March|2023||126|
|Carrying
amount||||
|At 31 March|2023||784|
|At 31 March|2022||279|
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|Debtors|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023||2022|
|Amounts
falling due|||within|one year:|||||||||
|Other debtors||||||||||79,358||58,341|
|Prepayments|and|accrued income||||||||||1,395|
|||||||||||79,358||59,736|
|Creditors: amounts|||falling due within||one||year||||||
|||||||||||2023||2022|
|||||||||||E||F|
|Trade creditors||||||||||21,110||6,601|
|Accruals and|deferred||income|||||||16,558||24,481|
|||||||||||37,668||31,082|
|Restricted funds|||||||||||||
|The restricted|funds||of the charity comprise||||the unexpended
balances||of donations|and grants|held on trust||
|subject to specific conditions||||by donors|as|to|how they may be used.||||||
||||||||||Movement|in funds|||
|||||||||Balance at|Incoming|Resources||Balance at|
|||||||||1 April 2022
E|resourcesf|expended|31|March 2023
F|
|Arts Council|England||||||||61,104|(61,104)|||
|NN Associates
&||West Northamptonshire||||Council||35,000|58,400|(77,300)||16,100|
|Northamptonshire||Community||Foundation|||||5,000|(5,000)|||
|South East Midlands|||Local Enterprise||Partnership||||9,842|(9,842)|||
|University
of|Northampton||||||||16,673|(5,341)||11,332|
|||||||||35,000|151,019|(158,587)||27,432|
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|designate|d
funds which h|ave been set a|side out of|unrestricted
fu|nds by the truste|es
for specific|purposes.|
|---|---|---|---|---|---|---|---|
|||At|1 April|Incoming|Resources|Transfers|At 31 March|
||||2022|resources|expended||2023|
||||E|||F|F|
|General|funds||149,119|41,152|(42,231)|9,716|157,756|