| CONTENTS | PAGES | |
|---|---|---|
| Report ofthe Trustees | 1 —5 | |
| Reference 8 Administrative Information |
||
| Independent Examiner's report to the Trustees |
||
| Statement of Financial |
Activities | |
| Balance sheet | ||
| Notes to the financial | statements | 10 - 18 |
| Clare | Jack | ||||
|---|---|---|---|---|---|
| Sarah | Jones | Appointed | June 2023 | ||
| Toby | Donnelly | Resigned | September 2022 | ||
| Abby | Middleton | Appointed | March 2023, Resigned | July 2023 | |
| Nadav | Mordechai | Appointed | January 2023 | ||
| Julia Payne | Chair | ||||
| Cheri | Percy | Resigned | December 2022 | ||
| Lucy Wood | |||||
| Jason | Yarde |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| Note | |||||
| Income from: | |||||
| Donations and legacies |
102,431 | 47,986 | 150,417 | 209,405 | |
| Charitable activities |
112,475 | 2,458 | 114,933 | 79,374 | |
| Interest receivable | 90 | 90 | |||
| Total income | 214,996 | 50,444 | 265,440 | 288,781 | |
| Expenditure on: |
|||||
| Charitable activities |
185,815 | 50,919 | 236,734 | 260,840 | |
| Total expenditure | 185,815 | 50,919 | 236,734 | 260,840 | |
| Net income/(expenditure) | 29,181 | (475) | 28,706 | 27,941 | |
| Transfers between funds |
14 | ||||
| Net movement in funds |
29,181 | (475) | 28,706 | 27,941 | |
| Total funds brought forward |
14 | 58,549 | 475 | 59,024 | 31,083 |
| Total funds carried forward | 14 | 87,730 | 87,730 | 59,024 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed | assets | 351 | 265 | |||
| Current assets | ||||||
| Debtors | 12 | 17,126 | 21,390 | |||
| Cash at bank and | in | hand | 89,249 | 71,015 | ||
| Current assets | 106,375 | 92,405 | ||||
| Creditors: Amounts | falling due within one year | 13 | (18,996) | (33,646) | ||
| Net current assets | 87,379 | 58,759 | ||||
| Net assets | 87,730 | 59,024 | ||||
| Funds | ||||||
| Restricted funds | 15 | 475 | ||||
| Unrestricted | Funds | |||||
| Designated | funds | 15 | 25,000 | 6,328 | ||
| General funds | 15 | 62,730 | 52,221 | |||
| 87,730 | 59,024 |
| Unrestricted | Restricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||||
| F | |||||||
| Grants receivable | 102,431 | 47,986 | 150,417 | ||||
| 102,431 | 47,986 | 150,417 | |||||
| Prior year comparative | Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | |||||
| Grants receivable | 72,850 | 136,555 | 209,405 | ||||
| 72,850 | 136,555 | 209,405 | |||||
| Income from charitable | activities | ||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Funds | Funds | 2023 | 2022 | ||||
| Performance | fees | 81,878 | 81,878 | 18,758 | |||
| Project management | fees | 6,873 | 2,458 | 9,331 | 52,962 | ||
| Merchandise | 4,935 | 4,935 | 1,994 | ||||
| Consultancy | fees | 3,129 | |||||
| Repayment | ofcosts | linked | to projects | 16,122 | 16,122 | 1,106 | |
| Press services | 2,667 | 2,667 | 1,425 | ||||
| 112,475 | 2,458 | 114,933 | 79,374 |
| Expenditure on charit |
able activities |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Wages and salaries | 56,209 | 27,932 | 84,141 | |
| Artists fees | 77,246 | 19,737 | 96,983 | |
| Outreach costs | 4,148 | 4,148 | ||
| Freelance payments |
1,620 | 1,620 | ||
| Equipment hire |
15,562 | 3,250 | 18,812 | |
| Telephone | 1,244 | 1,244 | ||
| Post and stationery | 234 | 234 | ||
| Advertising 8 Marketing |
6,518 | 6,518 | ||
| Design and printing | 3,047 | 3,047 | ||
| Insurance | 2,582 | 2,582 | ||
| Computer repairs 8 maintenance |
1,227 | 1,227 | ||
| Licences and subscriptions | 660 | 660 | ||
| Travel and subsistence | 2,822 | 2,822 | ||
| Sundry expenses | 3,398 | 3,398 | ||
| Depreciation | 378 | 378 | ||
| Entertainment | 1,070 | 1,070 | ||
| Legal and professional | expenses | 1,855 | 1,855 | |
| Website development | 1,194 | 1,194 | ||
| Bank charges | 446 | 446 | ||
| Accountancy costs |
2,251 | 2,251 | ||
| Training | 396 | 396 | ||
| Governance costs (note 5) |
1,708 | 1,708 | ||
| 185,815 | 50,919 | 236,734 |
| Expenditure on charitable activities (conti |
nued) | ||
|---|---|---|---|
| Prior year comparatives | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| Wages and salaries | 67,863 | 40 | 67,903 |
| Artists fees | 46,722 | 57,223 | 103,945 |
| Workshop leader |
1,104 | 12,375 | 13,479 |
| Subcontract costs | 2,400 | 10,725 | 13,125 |
| Freelance payments |
4,283 | 474 | 4,757 |
| Use of residence as office | 1,589 | 1,589 | |
| Rental ofoffice space | 910 | 910 | |
| Equipment hire |
13,112 | 15,682 | 28,794 |
| Telephone | 1,023 | 1,023 | |
| Post and stationery | 288 | 179 | 467 |
| Advertising 8 Marketing |
4,321 | 1,245 | 5,566 |
| Design and printing | 996 | 430 | 1,426 |
| Insurance | 3,317 | 3,317 | |
| Computer repairs 8 maintenance |
1,674 | 1,674 | |
| Licences and subscriptions | 1,066 | 1,066 | |
| Travel and subsistence | 1,535 | 2,670 | 4,205 |
| Sundry expenses | 121 | 7 | 128 |
| Depreciation | 267 | 267 | |
| Entertainment | 177 | 177 | |
| Legal expenses | 1,000 | 1,000 | |
| Website development | 1,155 | 917 | 2,072 |
| Bank charges | 393 | 393 | |
| Accountancy costs |
1,259 | 1,259 | |
| Training | 150 | 150 | |
| Governance costs (note 5) |
2,148 | 2,148 | |
| 158,873 | 101,967 | 260,840 |
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Independent | examiner's | fees | 1,535 | 1,775 | |
| Trustees' | meeting expenses | 173 | 373 | ||
| 1,708 | 2,148 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| The total staff costs | were as | follows: | |||
| Wages and salaries | 79,969 | 65,108 | |||
| Social security costs | 1,714 | 613 | |||
| Other pension costs | 2,458 | 2,182 | |||
| 84,141 | 67,903 | ||||
| The average number |
ofemployees | during the year was as follows: | Total | Total | |
| 2023 | 2022 | ||||
| Average number (headcount) |
ofemployees | 4 | 4 |
| Net income/(expenditure) | Net income/(expenditure) | for the year | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| This is stated | after charging: | |||
| Depreciation | 378 | 267 | ||
| Independent | examiner's fees | |||
| -for current | year | 1,535 | 1,400 | |
| - underprovided in prior year |
375 |
| 10 Prior year fund c | omparatives | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Income from: | ||||
| Donations and legacies |
72,850 | 136,555 | 209,405 | |
| Charitable activities |
78,789 | 585 | 79,374 | |
| Interest receivable | 2 | 2 | ||
| Total income | 151,641 | 137,140 | 288,781 | |
| Expenditure on: |
||||
| Charitable activities |
158,873 | 101,967 | 260,840 | |
| Total expenditure | 158,873 | 101,967 | 260,840 | |
| Net income/(expenditure) | (7,232) | 35,173 | 27,941 | |
| Transfer between funds |
34,698 | (34,698) | ||
| Net movement in funds |
27,466 | 475 | 27,941 | |
| Total funds brought | forward | 31,083 | 31,083 | |
| Total funds carried forward | 58,549 | 475 | 59,024 | |
| 11 Tangible Fixed Assets |
||||
| Equipment | Total | |||
| Cost | ||||
| At 1 April 2022 | 3,800 | 3,800 | ||
| Additions | 464 | 464 | ||
| At 31 March 2023 | 4,264 | 4,264 | ||
| Depreciation | ||||
| At 1 April 2022 | 3,535 | 3,535 | ||
| Charge for the year | 378 | 378 | ||
| At 31 March 2023 | 3,913 | 3,913 | ||
| Net Book Value | ||||
| At 31 March 2023 | 351 | 351 | ||
| At 31 March 2022 | 265 | 265 |
| 12 | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Trade debtors | 13,534 | 18,434 | |||||||
| Prepayments | and accrued income | 3,525 | 2,956 | ||||||
| Other debtors | 67 | ||||||||
| 17,126 | 21,390 | ||||||||
| 13 | Creditors: Amounts | falling due | within one | year | |||||
| 2023 | 2022 | ||||||||
| Trade creditors | 3,778 | 6,941 | |||||||
| Taxation and | social security | 10,965 | 7,013 | ||||||
| Accruals and | deferred | income | 2,585 | 10,378 | |||||
| Other creditors | 1,668 | 9,314 | |||||||
| 18,996 | 33,646 | ||||||||
| 14 | Movement | in | funds | ||||||
| At | At | ||||||||
| 1 Apr | 31 Mar | ||||||||
| 2022 | Income | Expenditure | Transfers | 2023 | |||||
| Restricted | funds | ||||||||
| PRS- TDP | 475 | 7,500 | (7,975) | ||||||
| PRS - NMB | 11,694 | (11,694) | |||||||
| TDP | 6,250 | (6,250) | |||||||
| Ellerman | 25,000 | (25,000) | |||||||
| 475 | 50,444 | (50,919) | |||||||
| Unrestricted | funds | ||||||||
| Designated | funds | ||||||||
| Future programmes | 6,328 | (6,328) | 25,000 | 25,000 | |||||
| General funds | 52,221 | 214,996 | (179,487) | (25,000) | 62,730 | ||||
| 87,730 | |||||||||
| Total funds | 59,024 | 265,440 | (236,734) | 87,730 |
| Movement in funds (continu |
Movement in funds (continu |
ed) | ||||
|---|---|---|---|---|---|---|
| Prior year comparatives | At | At | ||||
| 1 Apr | 31 Mar | |||||
| 2021 | Income | Expenditure f |
Transfers | 2022 | ||
| Restricted | funds | |||||
| PRS - TDP | 5,725 | (5,250) | 475 | |||
| PRS - NMB | 5,146 | (5,146) | ||||
| Arts Council | England | 62,145 | (48,066) | (14,079) | ||
| Historic England | 64,124 | (43,505) | (20,619) | |||
| 137,140 | (101,967) | (34,698) | 475 | |||
| Unrestricted | funds | |||||
| Designated | funds | |||||
| Future programmes | 6,328 | 6,328 | ||||
| General Funds |
24,755 | 151,641 | (158,873) | 34,698 | 52,221 | |
| 34,698 | 58,549 | |||||
| Total funds | 31,083 | 288,781 | (260,840) | 59,024 |
| Analysis of | net assets between fund | s | ||
|---|---|---|---|---|
| Tangible | Other | Total | ||
| Fixed assets | Net assets | 2023 | ||
| Restricted | funds | |||
| Unrestricted | funds | |||
| Designated | funds | 25,000 | 25,000 | |
| General funds | 351 | 62,379 | 62,730 | |
| 87,379 | 87,730 |
| Prior year comparatives | Prior year comparatives | |||
|---|---|---|---|---|
| Tangible | Other | Total | ||
| Fixed assets | Net assets | 2022 | ||
| Restricted | funds | 475 | 475 | |
| Unrestricted | funds | |||
| Designated | funds | 6,328 | 6,328 | |
| General funds | 265 | 51,956 | 52,221 | |
| 265 | 58,759 | 59,024 |