REGISTERED CHARifY NUMBER: 1160164 ort of thè Trusleos and Unaudited Financial Slatemenls foi the Year Ended 30 A for ril 2024
Side Re ort of the Trustees for the Year Ended 30 A ry12024 The ITuslees present their report wlh Ile financial statements of the chafty for the yeaf ended 30 April 2024. The trustees have adopted Ihe piovisions of the Sialement of Recommended Practice {KJof<pi 'Accounting and fleporting by Charities. i33ued in March 2005. REFERENCE AND ADMINISTRATIVE DEfAILS Rvyi¥lered Chority iiuivibvr 1160164 Prlnclpal address Parham House Barn Brick Lane Parmam Woodbridge Suffolk IP139La Trustee$ C Maloney H Baltye Battye J Christie D Franklin J Smrth R stein A Stein G Chfislie - apFM)inled 9.3.24 - appointed 9 3.24 - apinted 9.3.24 Independent examiner Mi A Porter STRUCTURE, GOVERNANCE ANO MANAGEMENT Governing document The charity Is eonliolled by Ils governing document. a deed ol Iiusl, and conslilutes an unincorpofaled charity. Re¢rultmont and appo5ntmont ol new tTustM• Our policy for appointing new IfUS:ees Is lo search out people who have skims and chaTacterisli¢s that 11 be beneficial to the chanly. On appointment the twslees receNe a Copy ol the governing documents and Ch3rity Commission trustee documents_ New trusi8èS arè briefed on Ihe background and work of the charity and future airns. Rlsk management The Iruslees have a duty lo Identify and Tevipw the risks to which the charity Is exposed and lo ensure appfopriale conlrols are In place to provide leasonae a$Sra againsl fraud and etror. Page 1
Side
Re
rt of the Trustees
for the Year Ended 30 A ril 2024
OBJECTIVES AND ACTIVITIES
Objective5 and aims
Thv objects of the CIO ai¢.
{Al To advance the education of the public in the Sub of BraJlian lrfe, Clbltuie and languages in all
foim5 Including (but not limited tol literature and music.
IB) To advance the education of the public in lileralure. language, music and visual arts, Including in
partlGular (but iiol limited tol the liteiatufe, Languages and cuhures of other countrie3 and peoples
beyond the United Kinqdom.
(Cl To advaiice the arts for the benefit ol the pubhc by the estalAishment and running of art>r¢lated
workshops. events and fe51ivals.
Tlie rii
Side Re rt of the Trustees for the Year Ended 30 A ri12024 ACHIEVEMENT AND PERFORMANCE The night before the main leslival. Flipside collabofaled wlh The Mu5icRoom for a special concert featuring the talented violin15t and composer F<uby Colley. Th13 Intimate performance was a fitting prelude to the festival, blendinq music and sloryielling in a way that captivated the aUdnCe. Art History LeGtuie Series This year saw the launch of a new and excilinq collaboration wth The Print Room Gallery. introducing a series of 10 art history lectures led by local ller and esteemed art bislorian John-Paul Stonard. His eylli ol ki1T)wYè aiid ei?y891119 Styl¢ niade the lecluies a fe50undin9 succe33, attraGl¢ng a Wh4¢ audience eager lo expk)re the Inlricacies ol art history. John-Paufs abilrty lo bring lo life a cange of ancient, Classical and contempoiary art has enriched Ihe cultural landscape of our community, and we weie fortunate to have his expertise as part ol Flipaide's programming. Looking Forward As we look ahead to 2024. FItP4?e is committed to building on Ihe¥ successes. We wll continue lo seek out new partnerships and opportunities lor creative explofalion. ensuring that we remain vibfanl and dynamic Pfesence In the arts community. Our upcoming an5 include further developing our festival programming and expanding the art history sefies. alongside new inilialives that renecl our commitment lo cultural engagement and artistic Innovation. Approved by order of the board ol Iruslees on 13 February 2025 and signed on ils behalf by. Trustee Page 3
Side Statement of Financial AclNities for the Year Ended 30 A ril 2024 30.4 24 Total funds 30.4.23 Total funds Unieslricled nds Restricted funds Notes INCOMING RESOURCE5 Incoming resources from generated funds Voluntary income 1CKJ 5.367 5,467 3,818 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Other resources expended 6.059 1.024 6.059 2.264 6.551 2,822 1,240 Total re$our¢e¥ expended 1,240 7,083 8,323 9,373 NET INCOMINGIIOUTGOING) RESOURCES 11,1401 {1.716) 12.8561 15.555) RECONCILIATION OF FUNDS Total funds brought torward 1,965 10.011 15,>bts TOTAL FUNDS CARRIED FORWARO 825 6.330 7.155 10,011 The notes form part of these financial statements Page 5
Side Balance Sheet At 30 A ril 2024 30.4.24 Total funds 30.4.23 Total funds Unrestricted funds Restricted funds Noles CURRENT ASSETS Debtors Cash at bank 120 2.070 120 10,116 120 11,850 8.046 2,190 10.236 11,970 CREDITORS Amounts falling due within one year (1,365) (1,716) {3,081} 11.959) NET CURRENT ASSETS 825 6.330 7,155 10.011 TOTAL ASSETS LESS CURRENT LIA81LITIES 825 6,330 7,155 10,011 NET ASSETS 825 6,330 7.155 10,011 FUNOS Unreslricled funds Restricted tunds 825 0.330 1.965 8,040 TOTAL FUNDS 7.155 .10,011 The financial slatemenls were approved by the Boafd of Trustees on 13 February 2025 and were signed on ils behall by". Trustee The notes form part of these financial slatements Page 6
Side Notes to the Financial Slatemenfs for the Year Ended 30 A ril 2024 ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost eonvenlion, and in accordance wlh the Finari¢ial Reporting Standard for Smaller Entities lettective April 2UUY), the Charrties Act 2011 and the requiiements ol the Slalemenl of Recommended Pra¢lice. Accounting and Reports'ng by Charrt. Incoming resources All Incoming resoufces are included on the Slalemep.l of Financial Activibes when the chanty is legally enlilled lo the Income and the amuum can be quan(Ified wlh reasonable accuracy. Resources expended Expenditure Is aceounled for on an accfuals basis and has been clas&f*d under headings that aggiegale all cost related lo the category. Where costs cannot be directly attributed lo particula( headings they have been allocated lo activities on a basis consislenl yh the use ol resources. TJxat5on The charity is exempt from lax on ils chantable activit5. Fund ac¢ountlng Unreslricled funds can be used in accordance wth the charrtable obj'ectives al the discretion of Ihe trustees. Restricted funds can onty be used for particular restricted purposes wrthin the objects ol the Chafity. Reslriclions arise when speCifd by the donor or when funds are raised for particular reslricled purposes. rurther explanation of the nature and purpose of ooch fund IG included in th• notOS to th• financial slatemenls. COSTS OF GENERATING VOLUNTARY INCOME 30.4.24 30.4.23 Management and admin FIIpside leslival costs Transport and travel Marketing materials Artists & speakeis fees Hire of veniie Support costs 180 2,541 2,820 1,040 299 2.392 581 1.811 472 474 6.059 6,551 Page 7
Side Notes lo the Financ1 Statements - continued for the Year Ended 30 A ril 2024 TRUSTEES. REMUNERATION AND 8ENEFrrs There VEfe tbo trustees, remuneration other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees. expEn¥¢ Thefe were no Iruslees, expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. DEB TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.24 30.4.23 Other debtors 120 120 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.24 30.4.23 Bank loans and overdrafts Other creditors 1,841 1,240 225 1.734 3.081 1.959 MOVEMENT IN FUNDS Nel movement in funds Al 1.5.23 At 30.4.24 Unrestrlcted funds General fund A Walk of Art Project {105) 2.070 {1.140) 11.245) 2.070 1.965 (1, 1401 825 Restricted funds Wgrd- Project First Light Festival 2024 Bn4fi 11,716 (1.716) 8.046 11,7161 6,330 TOTAL FUNOS 10,011 {2.856} 7,155 Page 8
Side Notes lo the Financsal Statements- continued for the Year Ended 30 A ril 2024 MOVEMENT IN FUNDS - continued Nel movemenl in funds. included In the above are as follow5.. In¢oming Resources resource5 expended Movemeni In funds Unrestricted funds General fund 100 11.2401 11.140) Restricted funds First Light Festival 2024 5,367 17,0831 11.7161 TOTAL FUNDS 5,467 18.3231 12.8561 Comparatlves for movement in funds Net Transfers movement been In lunds funds Al 1.5.22 At 30.4.23 Unrestricted Funds General fund A Walk ol Art Project 3,165 (3.2701 11051 2,070 2,070 3.165 (3.270) 2.070 1,965 Restrlcted Funds Words Pioiecl A Walk ol Art Project 10.331 2.070 {2.2851 8.046 12.0701 12.401 (2.2851 12,0701 8,046 TOTAL FUNDS 15,566 (5,555) 10.011 Page 9
Side Notes lo the Financial Statements- eonliniied lor the Year Ended 30 A ril 2024 MOVEMENT IN FUNDS - continued Comparative net m¢)vement in funds. induded in the above are as follows.. Incoming Resources resources expended Movemeni in funds Unrestricted lunds Ger¢eral fund 3.818 17,0881 13.270) Restricted funds Words Project 12.2851 12,2851 TOTAL FUNDS 3.818 19.373) 15,5551 A current year 12 months and Pr) year 12 months combined wsilion is as follows.. Net movement In fLtnds Transfers befftn funds At 30.4.24 At 1.5.22 Unrestrlcted funds General fund A Walk ol Art Propcl 3.165 14,4101 {1,2451 2,070 2,070 Restrl¢ted funds Words Project A Walk of Art Project First Light Festival 2024 10.331 2.070 (2.285) 8.046 12.070) <1.7161 11.716) 12,401 14.0011 12,0701 8.330 TOTAL FUNDS 15.566 18,411) 7,155 Page 10
Side Notes lo the Financial Statements- continued for the Year Ended 30 A ril 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows. Incoming Resources resources expended Movement in funds Unrestrlcted funds General fund 3.918 18,3281 (4,4101 Regtricted fijndy First Light Feslival 2024 Words Proiecl 5.367 17.0831 12.2831 11.716) 12.285 TOTAL FUNDS 9,285 {17.6961 '{8,4111 Page11
Sid Detailed Slalemenl of Financial ActivitS for the Year Ended 30 A TII 2024 30.4.24 30.4.23 INCOMING RESOURCES Voluntary income other Ifading activities 5,467 3,818 Total Incomlng resources 5,467 3,818 RESOURCES EXPENDED Costs of generating voluntary Income Management and admin Flipside le51ival costs Transpon an¢J travel Marketing materia15 Artists & speakers lees Hire ol venve 180 2,541 2.820 1.040 299 2,392 581 1.811 472 5,585 6.551 Support eO8ts Management Insurance Telephone Postage and stali¢)nery 392 340 392 S51 732 Flnance Merchant fees Bank charge$ 474 10S 145 S79 Infomiatlon technology Repairs and renewals Other 4 Accountancy and al lees 187 1.240 1,734 Total wsources cxponded 8.323 9.373 Nèt expenditure 12.8561 15.5551 This page does no+ form part of the slalutory Iinancial statements Page 12
Inde en Side nt ffte<s R rt to Ihe Ttuslees ol I report on the accounts for the year enr1 20 ApTiI ?0?4 Arg qg.t rjirt nn PAOP8 tn plpvpn. Responslbllltles and basis of report As the charity's Iruslees you are fesponsibte for the preparation of the accounts in accordance with the requiremenls of the Chanlies Act 2011 I'lhe ACYI. I have examined your charity's accoun15 as required undef section 145 of the Charities Act 2011 I'lhe Act'l. In carrying out my examination I have followed the Direclions given by the Charity Commission under section 1451511bl of the 2011 Act. My role Is lo slate whether any material matters have come to my attention giving me cause lo believe.. that accounting records v*re not kept as requifed by section 130 of the Act". or that the accounts do not accord with those records, or that the accounts do not comply wth the accounting requirements of the Act.. or that there is further Information needed for a proper understanding of the accounts. Independent examinerfs statement S have compleled my examination and have no concerns in respect of the matters 11 I to (41 listed above and, In nneCtIOn wlh lollowng the Directions of the Charty Commission I have found no matters that require drawing to your allenlion. Mr A Porter Date.. Page 4
Side Contents of the Financial Statements for the Yeai Ended 30 A ill 2024 Page Report ol the Trustees 1 103 Independent Examine¢s Report tatomont of Financial ActIVrtts Balance Sheet Noles to the Financial Sialements 7t011 Dotailod St3t•m•nt ol Finaneial Activili