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← Mirador

2024-08-31-accounts

Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

Charity No. 1158284

Mirador

Trustees’ Report and Unaudited Financial Statements

For The Year Ended 31 August 2024

Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

CONTENTS

Page
Charity reference and administrative details 1
Trustees’ Annual Report 2
Independent Examiner’s report to the Trustees 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9

Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024

Registered charity name Mirador Charity registration number 1158284

Principal and registered office

Trustees

20 All Saints Road St Annes-on-the-Sea Lancashire FY8 1PL S Ashworth A Chetwynd G Harris S Riley G White

Independent Examiner

MHA Chartered Accountants 14 Mannin Way Lancaster Business Park Lancaster Lancashire LA1 3SW

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their report along with the financial statements of the charity for the year ended 31st August 2024. The financial statements have been prepared in accordance with accounting policies set 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: Statement 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 served the charity during the period were as follows:

S Ashworth A Chetwynd G Harris S Riley G White

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 to and approval by the existing Trustees. Induction is carried out on a one-to-one basis and training is provided as and when required. The charity recognises the need to keep current and new Trustees up to date 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 to 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

The Mirador Mission: To Reveal Heritage Through Art. Working with artists to create joyful encounters with history for everyone to enjoy.

WHO WE ARE:

Mirador is a company of arts, heritage, media, legal and business professionals. The directors are Carolyn Primett, Louise Bryning and George Harris who is also a trustee. Helen Bartosinski has provided freelance social media and communications support during this year. Other trustees are Susan Ashworth, Susan Riley, Amanda Chetwynd and Gillian White.

Carolyn has led Blackpool Council’s Arts Service for 18 years and has worked on a wide range of arts programmes and award- winning schemes. Her expertise is in managing and curating artists, project management, fundraising and business planning.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

George is a creative and arts consultant specialising in small, medium and large-scale creative projects. He is a former executive director at Lanternhouse International, Chief Executive of Horse + Bamboo Theatre and Business Development Manager at The Dukes. He is presently the freelance Creative Producer for Light Night Lancaster an annual light art festival much loved by the local community.

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 organisations. Her passion for the region’s heritage and attractions has been brought to 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 freelance arts marketing consultant based in Lancaster.

Susan Ashworth has worked in curatorial, collections management and project management roles for 35 years and at senior manager level since 1987. She project-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 opened in March 2024.

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 Chetwynd is a Higher Education consultant and previously professor of mathematics and provost for student experience at Lancaster University. She is now a trustee of the Students' Union and is particularly interested in creating opportunities for students to be more involved in the local community.

Gill began her career more than 30 years ago as a journalist on the Lancaster Guardian and has worked in public relations, arts, festivals and events marketing. During her time at Lancaster City Council she was instrumental in bringing organisations together to help create the Light Up Lancaster Festival and Vintage by the Sea. As managing director of Cumbria Tourism she is passionate about partnership working and helping to ensure a vibrant visitor economy that benefits communities and place.

Financial Review

Mirador worked with Lancashire based theatre company imitating the dog, Lancaster City Council and Lancaster BID on an exciting project for the popular Light Up Lancaster festival which takes place annually in November. Mirador launched a crowd funding proposal for the project through Lancashire County Council’s Culture and Sport Crowdfund Lancashire initiative. The project involved researchers at Lancaster University, the Duchy of Lancaster and projection artists Illuminos creating a sound and light display at Lancaster Castle that showcased the history of the Duchy of Lancaster and the centrepiece of its medieval archive, the Great Cowcher Book. This display in line with Mirador’s approach was an innovative and appealing way to engage a wide audience with this important element of Lancaster’s history; approximately 30,000 came to see it. Mirador received a project management fee which has gone towards its overheads for 23/24.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Since Covid it has become increasingly challenging for the small charity to secure funds for well thought out projects due to a huge increase in competition and demand for funding which has not increased in the same period. However, Miradors continued commitment to seek out interesting partnerships; explore quirky themes from hidden social history specific to the north west; and the team’s tenacity in seeking funding has been successfully rewarded this financial year.

Mirador’s application to the National Heritage Lottery Fund in summer 2023 for the project ‘Jukebox – the Teenage Revolution’ was successful with a grant of £50,904 awarded in December 2023. The project has been developed in partnership with Lancaster University Library. Project delivery started in earnest with the start of the new year in 2024. An exciting programme of engagement activities has been developed and delivered. Mirador was also successful in June 2024 in securing a grant of £37,000 from Arts Council National Lottery Project Grants to support a series of innovative artist commissions inspired by the jukebox and 1950s and 1960s teenage revolution theme. Additional bids to support the wide engagement programme and touring of the art installations at a range of festivals such as Vintage Festival in Morecambe and presentation at Light Up Lancaster were successful with £3,000 from the Granada Foundation and £8,000 from the Garfield Weston Foundation. The project delivery continues onto the end of the calendar year 2024.

As usual Mirador is also researching and exploring new ideas and themes for future projects.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Financial Review

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risk is reviewed by the Trustees on an annual basis.

Reserves policy

The charity’s reserves at the end of the year were £35,059 which represents restricted cash reserves of £34,096 and £2,538 unrestricted free cash reserves. The Trustees agreed to adopt a reserves policy at their meeting on 14[th] September 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 activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Statement of Trustees’ responsibilities

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time 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 have been re-appointed as independent examiner for the ensuing year.

Signed on behalf of the Trustees

S Ashworth Trustee

December 11, 2024 ........................

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF MIRADOR FOR THE YEAR ENDED 31 AUGUST 2024

I report on the accounts of the Charity for the year ended 31 August 2024, which are set out on pages 7 to 15.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jack Steer BA(Hons) ACA

Independent Examiner 14 Mannin Way Lancaster Business Park Lancaster Lancashire LA1 3SW

December 12, 2024

………………

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2024

==> picture [500 x 395] intentionally omitted <==

----- Start of picture text -----
Total Total
Unrestricted Restricted funds funds
funds funds 2024 2023
£ £ £ £
Income from:
Donations and legacies 3 4,000 108,915 112,915 -
Total 4,000 108,915 112,915 -
Expenditure on:
Charitable activities 4 2,425 76,394 78,819 1,492
Total 2,425 76,394 78,819 1,492
Net income/(expenditure) 1,575 32,521 34,096 (1,492)
Transfers between funds - - - -
Net movement in funds 1,575 32,521 34,096 (1,492)
Reconciliation of funds:
Total funds brought forward 963 - 963 2,455
Total funds carried forward 9 2,538 32,521 35,059 963
----- End of picture text -----

The Statement 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 9 to 15 form part of these financial statements.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

BALANCE SHEET

AS AT 31 AUGUST 2024

Current assets
Cash at bank and in hand		 £
35,641
2024		 £ £
1,503
2023		 £
Creditors:amounts falling due within
one year
8		 35,641
(582)		 1,503
(540)
Net current assets 35,059 963
Total assets less current liabilities 35,059 963
Net assets 35,059 963
Funds:
Unrestricted funds
9
Restricted funds
9		 2,538
32,521		 963
-
Total funds 35,059 963

December 11, 2024 These accounts were approved by the Trustees and authorised for issue on the ........................ and are signed on their behalf by:

……………………………………

S Ashworth Trustee

The notes on pages 9 to 15 form part of these financial statements.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

1 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 its operations and its principal activities are all detailed in the Trustees’ report and charity administrative details pages in these financial statements.

Basis of accounting

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the Statement 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 (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true 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 and Republic of Ireland (FRS102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The Trustees, at the time of approving the financial statements, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Donations and grants are included 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 net 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 to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Support costs are those which assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly to support the objectives of the charity.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies (continued)

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction 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

Unrestricted funds - these are available for use at the discretion of the Trustees in furtherance of the general activities of the charity

Restricted funds - these are subjected to restrictions on their expenditure imposed by the donor. The restricted fixed asset fund represents assets purchased from specific grants and funds future depreciation of those assets.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other 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 to contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net 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 at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at 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 estimated 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 estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the statement of comprehensive income.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies (continued)

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 statement of comprehensive income.

De-recognition of financial assets

Financial assets are derecognised only when the contractual rights to 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 to another entity, 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 its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to 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 its liabilities.

Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate 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 rate method.

De-recognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates 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 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to 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 estimates) 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 at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

3 Income from donations and legacies

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----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds 2024 2023
£ £ £ £
National Heritage Lottery Fund 4,000 41,814 45,814 -
Arts Council National Lottery - 18,500 18,500 -
Garfield Western Foundation - 8,000 8,000 -
Granada Foundation - 3,000 3,000 -
Spacehive crowdfunding - 36,601 36,601 -
Imitating the dog - 1,000 1,000 -
4,000 108,915 112,915 -
----- End of picture text -----

4 Expenditure on charitable activities

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----- Start of picture text -----
Promotion of arts, heritage
and culture
Total Total
Activity Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Project delivery costs - 67,922 67,922 -
Support Costs ( note 5 ) 2,425 2,274 4,699 1,492
Artist costs - 6,198 6,198 -
2,425 76,394 78,819 1,492
----- End of picture text -----

Included within expenditure on charitable activities in the prior year was £1,492 of unrestricted expenditure and £Nil of expenditure against restricted funds.

5 Support costs

Support costs
Independent examination fee
Bank charges
Website
Trustee gifts
Sundry
Marketing costs		 Total
Total
2024
2023
£
£
582
540
438
427
1,405
443
-
80
-
2
2,274
-
4,699
1,492

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

6 Net (income)/expenditure

Net (income)/expenditure stated after charging/(crediting):
Independent examiner's remuneration:
- independent examination fee		 2024
2023
£
£
582
540

7 Trustees and key management personnel remuneration

The Trustees of the charity are considered to be the key management personnel of the charity.

During the period G Harris, a Trustee, received fee payments and project delivery costs totalling £1,500 (2022: £Nil) in their capacity as creative producer. No expenses were reimbursed to any trustees in the year.

No salaries or wages have been paid to employees during the year.

8 Creditors: Amounts falling due within one year

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----- Start of picture text -----
2024 2023
£ £
Accruals 582 540
582 540
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9 Analysis of charitable funds: Current year

Analysis of charitable funds: Current year
Unrestricted funds
General fund
Restricted funds
Total funds		 At 1
At 31
September
August
2023
Income Expenditure
Transfers
2024
£
£
£
£
£
963
4,000
(2,425)
-
2,538
-
-
108,915
(76,394)
-
32,521
-
108,915
(76,394)
-
32,521
963
112,915
(78,819)
-
35,059

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

10 Analysis of charitable funds: Prior year

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----- Start of picture text -----
At 1 At 31
September August
2022 Income Expenditure Transfers 2023
£ £ £ £ £
Unrestricted funds
General fund 2,455 - (1,492) - 963
Restricted funds
- - - - -
- - - - -
Total funds 2,455 - (1,492) - 963
----- End of picture text -----

11 Analysis of net assets by funds: Current year

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----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds
£ £ £
Fund balances at 31 August 2024 are represented by:
Current assets 3,078 32,521 35,599
Creditors: amounts falling due within one year (540) - (540)
2,538 32,521 35,059
Analysis of net assets by funds: Prior year
Unrestricted Restricted Total
Funds Funds
£ £ £
Fund balances at 31 August 2023 are represented by:
Current assets 1,503 - 1,503
Creditors: amounts falling due within one year (540) - (540)
963 - 963
----- End of picture text -----

12 Analysis of net assets by funds: Prior year

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Docusign Envelope ID: 95704185-7CCC-49BF-980D-B782927C7CF9

MIRADOR

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

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 totalling £1,500 (2023: £Nil) in their capacity as creative producer. No expenses were reimbursed to any trustees in the year.

No other related party transactions occurred in the current period.

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