Charity No. 1158284 Mirador Trustees, Report and Unaudited Financial statements For The Year Ended 31 August 2022 MIRADOR MOORE & SMALLEY
MIRADOR CONTENTS Page Charity reference and administrative details Trustees, Annual Report Independent Examiner's report lo the Trustees Slalemenl of financial activities Balance sheet Notes lo the accounts
MIRADOR CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2022 Registered charity name Mirador Charity registration number 1158284 Principal and registered offlce 20 All Saints Road St Annes-on~the-Sea Lancashire FY8 1PL Trustees S Ashworth A cheYnd G Harris G F Rycroft S Riley C Hull Independent Examiner MHA Moore and Smalley Chartered Accountants Priory Close Sl Mary's Gale Lancaster Lancashire LA1 1XB
MIRADOR TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees present their report along with the financial statements of the charity for the year ended 31st August 2022. The fi'nancial statements have been prepared in accordance with accounting policies sel out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. The Trustees The Trustees who servèd the charity during the period were as follows.. S Ashworth A Chetwynd G Harris G F Rycroft S Riley C Hull structure. governance and management The charity is constituted as a Charitable Incorporation Organisation (CIO) and was registered with the charity commission on 19 August 2014. Recruitment New Trustees are appointed to the committee following recommendation lo and approval by the existing Trustees. Induction is carried out on a one-lo-one basis and training is provided as and when required. The Charity recognise5 the need lo keep current and new Trustees up to dale with legislative, Charity Commission and accounting requirements. Each Trustee offers themselves for re-election on an annual basis. Objectives and activities This has been Mirador's eighth year of activity since receiving our formal registration by the Charities Commission. The charity has been founded lo promote the advancement of arts, heritage and culture to all those working in. living in or visiting the North West of England, by providing information and raising awareness of the heritage and culture of the region through remarkable events. art installations and performance Thè Mlrador Mission: To Reveal Heritage Through Art. Working with artists to create joyful encounters with history for everyone to enjoy. Achievements and performance for the flnancial year 2021122 WHO WE ARE.. Mirador is a company of arts, heritage, meclia, legal and business professionals. The directors are Carolyn Primett, Louise Bryning and George Harris who is also a trustee. Helen Bartosinski provides marketing support and Kaly Bateson is responsible for social media. Other trustees are Susan Ashworth, Susan Riley, Gary Rycroft, Amanda Chetwynd and Caroline Hull. Carolyn has led Blackpool Council's Arts Service for 15 years and has worked on a wide range of arts prIramme$ including award winning schemes such as Morecambe's TERN project and Blackpool's Comedy Carpel. Her expertise is in managing and curating artists, project management, fundraising and business planning.
MIRADOR TRUSTEES. ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 George is a creative and arts consultant specialising in small, medium and large-scale creative projects. He is a former executive director al Lanternhouse Inlernalional, Chief Executive of Horse + Bamboo Theatre and Business Development Manager al The Dukes. Louise has more than 30 years, experience as journalist and from 2010-19 was press and marketing officer for The Dukes in Lancaster. She is now freelancing as a journalist and providing publicity support to arts and heritage organisalions. Her passion for the region's heritage and allraclions has been brought lo freelance projects including publicity for The Museum of the Moon at Lancaster Priory, Lancashire Witches 2012 project, and writing for Lancaster and Morecambe visitor brochures. Born and bred in Ulverston, Helen began her career in London working in the classical music sector. After moving into music and commercial venue management, working across HR, communications. fundraising, financial planning and business management, she returned to marketing with The Dukes in Lancaster in 2012, as Marketing Manager. She is now a freelan arts marketing consultant based in Lancaster. Susan Ashworth has worked in curatorial, collections management and project management roles for 35 years and al senior manager level since 1987. She projecl-managed the refurbishment of the Museum of Lancashire and the fundraising, acquisition and exhibition of the Silverdale Hoard, the third largest hoard of Viking silver ever found in the country. In January 2020 Susan joined the Blackpool Council Museum Team as the Project Manager to deliver 'Showtown' the museum of fun and entertainment for Blackpool due lo open in 2023. Gary is a partner al Joseph A Jones & Co Solicitors in LancasteT and his expertise is in charity law, mental capacity and drafting wills and Irusls. He is a member of the editorial committee of PSJ. a specialist Law Society journal, and often contributes to other media including BBC1's Rip Off Britain. He is a former chaimian of The Dukes, Lancaster. Susan Riley is a journalist and former newspaper editor. Her long interest in Lancashire and Cumbria's heritage, food and arts has proved invaluable as she now specialises in those subjects as a freelance journalist and PR consultant. Amanda che1ynd is a Higher Education consultant and previously professor of malhemalics and provost for student experience al Lancaster University. She is now a trustee of the Students. Union and is particularly interested in creating opporlunilies for students to be more involved in the local community, Financial Review Mirador continues to pursue OPPDrtunilies for partnership working and securing funding from a range of sources to deliver exciting programmes of engagement with the public. Mirador was disappointed to receive the decision in December 2021 that a large National Heritage Lottery Fund Project bid il submilled in partnership with the Ribble Rivers Trust for the 'River Ribble Heritage Expo, p[raMMe was unsuccessful. The feedback from the National Heritage Lollery Fund was encouraging and post-covid the competition for large grants has increased considerably. Mirador will look al other ways lo pursue elements of the 'River Ribble Heritage Expo, programme with partners as and when the opportunities to resource activity arise.
MIRADOR TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Flnancial Revlew Mirador was Successful in securing a grant of £15,000 from the National Arts Lollery Fund in August 2021 for the research and development phase of'Buried Pleasure.. The project was undertaken in Collaboration with the award- winning company Deco Publique. The creative programme has taken for ils inspiration the hidden history of two seaside pleasure gardens in Blackpool & Morecambe. We selected an initial group of diverse artists lo develop ideas lo reveal the 'buried' pleasure gardens that predated the rise of Blackpool and Morecambe as centres of seaside popular culture. The R&D has delivered some oulslanding artistic ideas ranging from performance lo digital gaming offering the potential for imaginative creative participation al a local level bul also through the internel to engage at a global level. Imitating the Dog- mock ups for'The wQker'S B811. concept for Blackpool Winter Gardens- R&D commission for'Buried Pleasure,. Al the end of the period, the Charity had funds of £2,455. Plans for the future Mirador is looking al ways lo take forward the exciting ideas that have come out of the 'BLJried Pleasure, Research and Development Programme with artists. Also, a new partnership with Lancaster University Library is developing with plans to deliver a public programme in Lancaster, Blackpool and Fylde celebrating the British jukebox. Lancaster University Library is home of the Jack Hyllon Archive, the celebrated English band leader and impresario. Jack Hyllon was instrumental in bringing the American jukebox concept over lo England and jukeboxes started to be manufactured. first at Hawlins in Blackpool and then al the Dilchburn factory in Lylham St Annes in the late 1940s. We aim to deliver a series of original, participalive and heritage eventslacliviliesllalks to reveal how the distinctive British jukebox was created on the seaside coast of Lylham and Blackpool. The programme will have accessible, fun conlenl and relevant activities to the boom in youth culture during the 1950s. Risk management The Trustees have a duty lo identify and review the risks lo which the charity is exposed and to ensure appropriate controls are in pla lo provide reasonable assurance against flaud and etmr. Risk is reviewed by the Trustees on an annual basis.
MIRADOR TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Reserves policy The charity's reserves al the end of the year were £2,455 which represents entirely unrestricted free cash reserves. The Trustees agreed lo adopt a reserves policy al their meeting on 141h Sèptember 2020 that a minimum of £1,500 should be held in the account to cover up to 12 months of the organisation's minimum overheads. Public benefit We have referred to the guidance contained in the Charity Commission's general guidance when reviewing our aims and objectives and in planning our future aclivilies. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have sel. statement of Trustees, responsibilities The Trustees are required lo prepare financial slalemenls for each financial year which give a true 2nd fair view of the slate of affairs of the charity and of ils financial activities for that period. In preparing those financial statements the Trustees are required to.. Select suitable accounting policies and then apply them consistently., Make judgements and estimates that are reasonable and prudent., Slate whether the policies followed are in accordance with applicable accounting standards, subject lo any material departures disclosed and explained in the financial statements., Prepare the financial slalemenls on the going conrn basis unless il's inappropiiale lo presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. Independent examiner MHA Moore and Smalley have been re-appointed as independent examiner for the ensuing year. Signed on behalf of the Trustees G F Rycroft 5Q39nlu *slL
MIRADOR INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIRADOR FOR THE YEAR ENDED 31 AUGUST 2022 I report on the accounts of the Charity for the year ended 31 August 2022. which are set out on pages 7 10 15. Responsibilities and basis of report As the charity's IrLJStees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe Act'i. I report in respect ol my examination of the charity's accounts cairied out under section 145 of the Acl and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material mallers have come to my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records weie not kept in respect of the charity as required by section 130 of the Act.. or the accounts do not accord with those records the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Rlchard Hall FCCA Independent Examiner Priory Close Sl Mary's Gale Lancaster Lancashire LA1 1XB 1710112023
MIRADOR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 Total funds 2022 Total funds 2021 Unrestricted Restricted funds funds Income from- Donations and lega¢ies 15,000 15,000 500 Total 15,000 15.000 500 Expenditure on: Charitable aclimlies 1,614 14,030 15,644 1,112 Total 1,614 14,030 15,644 1,112 Net incomellexpenditure} 11,6141 970 1644) 1612} Transfers beeen funds 970 9701 Net movement In funds 1644} {6441 1612) Reconciliation of fund5'. Total fvnds brought fotward 3,099 3,099 3,711 Totsl funds carried forward 2,455 2,455 3.099 The Slalement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared, All of the above amounts relate to continuing activities. The notes on pages g to 15 form part of these financial statements.
MIRADOR BALANCE SHEET AS AT 31 AUGUST 2022 2022 2021 Currgnt ass8ts Cash al bank and in hand 2,995 3,603 2,995 3,603 Creditors: amounts falling due wlhin one year 15401 1504) Net current aBset8 2,455 3,099 Total assets less current liabilities 2,455 3,099 Net assots 2,455 3,099 Funds.. Unreslricled funds Reslricled funds 2,455 3,099 Total funds 2.455 3,099 These accounts were approved by the Trustees and aulhorised for issue on the on their behalf by.. and are signed G F Rycroft Trustee The notes on pages 9 to 15 form part of these financial statements.
MIRADOR NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies Legal form The entity is registered as a charitable incorporated organisation in England and Wales. The address of the charity, the nature of ils operations and ils principal activities are all detailed in the Trustees, report and charity adminislralive dètails pages in these financial slatemenls. Basis of accounting The charity wnslilules a public benefit enlily as defined by FRS102. The financial slalements have been prepared in aOrdance with the Slalemenl of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice. The financial slalemenls have been prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional CLJrrency of the charity. The financial statements have been prepared lo give a 'lrue and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a 'lrue and fair, view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK 2nd Republic of Ireland IFRS1021 rather than the Accountino and Reporting by Charities.. Slalement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The significant accounting policies applied in the preparation of these financial slalemenls are sel out below. These policies have been consislenlly applied lo all years presented unless otherwise staled. Going concern The Trustees, at the time of approving the financial statements, have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus, they continue lo adopt the going concern basis of accounting in preparing the financial stalemenls. Income Donations and grants are inclLJded as they are receivable by the charity, except insofar as they are incapable of financial measurement. Included within donations is grant income which is recognised when the charity is legally entitled to receive it. No income is shown nel of expenditure. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure has been classified under headings that aggregate all costs related lo the category, Expenditure is recognised where there is a legal or constructive obligation to make payments lo third parties, it is probable that the selllement will be required and the amount of the obligation can be measured reliably. Support costs are those which assist the work of the charity bul do not directly represent charitable activities and inc5ude office costs and governance costs. They are incurred directly lo support the objectives of the charity.
MIRADOR NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies Icontinuedl Debtors and creditors Debtors and creditors with no slated interest rale and receivable and payable within one year are recorded al Iransa¢lion price. Any losses arising from impairment are recognised in expenditure. Cash and cash equivalents Cash and cash equivalents included within the accounts represent amounts held on a deposit account by the charity. Accumulated funds Unreslricled funds these are available for use al the discretion of the TTUStees in furtherance of the 9eneral activities of the charity Restricted funds- these are subjected lo restrictions on their expenditure imposed by the donor. The reslricled fixed asset fund represents assets purchased from specific grants and funds future depreciation of those assets. Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slalemenls, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al Iransa¢lion price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction. where the transaction is measured al the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the eslimaled future cash flows have been affected. If an asset is impaired. the impairment loss is the difference between the carrying amount and the present value of the eslimaled cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the statement of comprehensive income. -10-
MIRADOR NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies Icontinuedl If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the slalemenl of comprehensive income. De-recognition of financial assets Financia1 assets are derecognised only when the contractual rights lo the cash flows from the asset expire or are settled. or when the charity transfers the financial asset and substantially all the risks and rewards of ownership lo another enlily. or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in ils entirety to an unrelated third party. Classification of financial liabilities Financial liabilities and equity instruments are ¢lassified according lo the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of ils liabilities. Basic financial liabilities Basic financial liabilities are initially recognised al transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured al the present value of the future receipts discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. D8-recognilion of financial liabilitigs Financial liabilities are derecognised when the charity's contractLJal obligations expire or are discharged or cancelled. Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies, the Trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources, The eslirnates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key assumptions, judgements and estimates In the opinion of the Trustees, there have been no significant judgements (apart from those involving eslimalesl made in the process of applying the above accounting policies. There have been no key assumptions concerning future and other key sources of estimation uncertainty al the reporting dale that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. -11-
MIRADOR NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Income from donations and legacie5 Unrestricted Restricted funds funds Total 2022 Total 2021 Arts Council Grant Amold Clark 15,000 15,000 500 15,000 15,000 500 Included within income from donations and legacies in the prior year was £500 of unrestricted funds and £nil of reslricled funds. Expendlture on charitable activities Promotion of art heritage and culture Total 2022 Total 2021 Actlvlty Unrestricted funds Restricted funds Project delIry costs Support Costs Inote 51 550 1,064 14,030 14.580 1.064 1,112 1,614 14,030 1 S.644 1,112 Included within expenditure on charitable activities in the prior year wa5 £1,112 of unrestricted expenditure and £nil of expenditure against restricted funds. Support costs Total 2022 Total 2021 Independent examination fre Bank charges Website Donations 540 416 58 50 504 247 361 1,064 1,112 -12-
MIRADOR NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Net lincomellexpendlture 2022 2021 Not Ilncomevexpenditure stated after charglngll¢rgdltlngl: Independent examinerfs remuneralion.. independent examination fee 540 504 Trustees and key management personnel remuneration The Trustees of the charity a considered to be the key management personnel of the charity. During the period G Harris, a Trustee, received fee payments and project delivery costs lolalling £1,680 12021.. £nill in theiT capacity as creative prOdUr. No expenses were reimbursed to any trustees in the year. No salaries or wages have been paid to employees during the year. Credltors: Amounts falling due within one year 2022 2021 Accruals 540 504 540 504 Analysis of charitable funds- Current year At1 September 2021 At31 August 2022 Income Expenditure Transfers Unr8strict6d funds General fijnd 3,099 11.6141 970 2,455 Rostricted funds Buried Pleasure - Arts Council 15.000 114,0301 19701 15,000 14,0301 Total funds 3,099 15,000 {15,6441 970 2,455 -13-
MIRADOR NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Analysis of charitable funds: Current year Icontinuedl During the year the Charity received £15,000 from Arts Council England lo fund the"BLJried Pleasure" project- an outstanding artistic and heritage programme celebrating the hidden history of Iwo remarkable seaside pleasure gardens on the Lancashire coast. 10 Analysis of charitable funds.. Prior year At1 September 2020 At31 August 2021 Income Expenditure Transfers Unrestrl¢ted funds General fund 3,711 500 1,112} 3,099 Rèstri¢t&d funds Total funds 3,711 soo 11,1121 3,099 11 Analysis of net assets by funds: Current year Unrestricted Restricted Funds Funds Total Fund balances 8131 August 2022 are represented by.. Current assets Creditors.. amounts falling due within one year 2,995 15401 2.995 15401 2,455 2.455 -14-
MIRADOR NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 12 Analysis of net assets by funds: Prior year Unrestricted Rgstri¢ted Funds Fund$ Total Fund balan¢&s al 31 August 2021 are represented by.. Current assets Creditors.. amounts falling due within one year 3,603 15L14) 3.603 15041 3,099 3,099 13 Control There was no ultimate controlling party during the current or prior period. 14 Related party transactions During the period G Harris, a Trustee, received fee payments and project delivery costs lotalling £1,68012021.' £nill in their capacily as creative producer. No expenses were reimbursed lo any trustees in the year. No other related party transactions occuired in the current period. -15-