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|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|
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|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|||||
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|||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|
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||||||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|
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||||||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|
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|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|
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|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|
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|||||Total Funds|Total Funds|
|---|---|---|---|---|---|
|||||2023|2022|
|Independent||examiner's|fees|1,535|1,775|
|Trustees'|meeting expenses|||173|373|
|||||1,708|2,148|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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