2023-03-31-accounts - Absolutely Cultured Limited

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		Page
Report ofthe Trustees	1	lo	17
Report ofthe Independent Auditors	18	to	20
Consolklated Statement ofFinancial Activities		21
Consolidated Balance Sheet		22
Charity Balance Sheet		23
Consolidated Cash Flow Statement		24
Notes to the Cash Flow Statement		25
Notes to the Financial Statements	26	lo	36

rustees to have h	eld office during	the year and	up to the date ofthis report:
Trustee	Appointed	Resigned	Main Board Attendance	F&GP Committee
			out ofa possible 4	Attendance
G.F.Allenby B.P. Norman	19/07/18 17/07/18	19/07/23	4of4 4of4	out ofa osslble 3 1of3 2 of3
R Lewis Dr K Harker M Gibson Dr CTomlinson L Pitcher (Chair) 1Weldon L Clarkson K Wynne-Hague	13/08/19 14/01/21 14/01/21 14/01/21 08/07/21 31/3/22 23/02/23 14/9/23	19/07/23 19/07/23	3of4 4of4 2 of4 3of4 4of4 1of4 1of1 0of0	2 of3 N/A 1of3 N/A 3of3 N/A N/A N/A

					2023	2022
			Unrestricted	Restricted	Total	Total
INCOME AND ENDOWMENTS	FROM	Notes	fund E	fund E	funds 6	funds
Donations snd legacies		2	35,818	380,894	416,712	770,708
Other trading activities Investment income Other income		3 4	47,249 5,494 79717		47,249 5,494 79717	49,163 187 90,721
Total			168,278	380,894	549,172	910,779
EXPENDITURE ON
Charitable activities
Partnershlps 8 Development Marketing & Communications Programme & Delivery			73,882 142,874 396,895	45,786 89,989 245,119	119,668 232,863 642,014	81,656 139,408 940,474
Total			613,651	380,894	994,545	1,161,538
NET INCOMEI(EXPENDITURE)			(445,373)		(445,373)	(250,759)
RECONCILIATION OF FUNDS
Total funds brought forward			1,668,011		1,668,011	1,918,770
TOTAL FUNDS CARRIED FORWARD			1,222 638		1 222 638	1 668.611

					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
FIXEDASSETS		Notes		E	6	6
Tangible assets		11	23,268		23,268	28,009
CURRENT ASSETS
Stocks Debtors Cash at bank and	in hand	13 14	2,769 121,015 1100535		2,769 121,015 1160035	1,654 195,382 1 537913
			1,284,319		1,284,319	1,734,949
CREDITORS
Amounts falling due within one year		15	(84,949)		(84,949)	(94,947)
NET CURRENT ASSETS			1 10037D		1 100,370	1,0011,002
TOTAL ASSETS	LESSCURRENT
LIABILITIES			1,222,638		1,222,638	1,668,011
NET ASSETS			1 222 030	.	1 222 030	1 668 Dl 1
FUNDS		17
Unrestricted funds Restricted funds					1,222,638	1,668,011
TOTALFUNDS					1~030	1,668,011

FIXEDASSETS		Notes		Unrestricted fund f	Restricted fund f	2023 Total funds f	2022 Total funds
Tangible assets Investments		11 12		14,328 1		14,328 1	25,670 1
CURRENT ASSETS
Debtors Cash at bank and	in hand	14	193,023 1 007,077			193,023 I 007,077	251,385 1,483,277
			1,280,100			1,280,100	1,734,662
CREDITORS
Amounts falling due within one year		15		(80,733)		(80,733)	(94,662)
NET CURRENT ASSETS			I 100307		-	I 100307	1,640 600
TOTAL ASSETS	LESSCURRENT
LIABILITIES			1,213,696			1,213,696	1,665,671
NET ASSETS			'I	213,696		1,213,696	1,665,671
FUNDS
Unrestricted funds
Restricted funds						1,213,696	1,665,671
TOTAL FUNDS						1,913606	1,660671

				2023	2022
			Notes
Cash flows from operating		activities
Cash generated from operations			1	(372,310)	(614,204)
Net cash (used in)/provided		by operating	activities	~372 310)	~0)4204)
Cash flows from investing		activities
Purchase oftangible fixed assets Sale of tangible fixed assets Interest received				(10,562) 5404	(8,548) 104 187
Net cash used in investing	activities			~5000)	~0207)
Change in cash and cash		equivalents
in the reporting period Cash and cash equivalents		at the		(377,378)	(622,461)
beginning ofthe reporting		period		1037913,	2,160,374
Cash and cash equivalents		at the end
ofthe reporting period				1 100535	1 537913

ACTIVITIES		NET CASH FLOW F	ROM OPERATI	NG
			2023	2022
Net expenditure for the reporting ofFinancial Activities) Adjustments for:		period (as per the Statement	(445,373)	8 (250,759)
Depreciation charges Loss/(profit) on disposal offixed assets Interest received increase in stocks Decrease/(increase) in debtors Decrease in creditors			14,626 677 (5,494) (1,115) 74,367 ~0000	15,845 (104) (187) (1,388) (151,433) ~266 178
Net cash (used in)/provided	by operations		~372,370)	~074204)
ANALYSIS OF CHANGES IN	NET	FUNDS
		At 1.4.22	Cash flow	At 31.3.23
Net cash			5	6
Cash at bank and in hand		1 537 913	~377370)	1 160535
		1 537 913	~377370	1 100030
Total		1 037913	~377,370)	1,160530

DONATIO	NS	AND LEGACIES
			2023	2022
Donations Donations	in	kind	E 29,218	E 10,004
Grants			387,494	760 704
			~416712	770,706

Grants received, included	in the above,	are as follows:
	Unrestricted	2023 Restricted	Total	Unrestricted	2022 Restricted	Total
Arts Council England Yorkshire Water		250,000	250,000		579,321	579,321
Spirit of2012					45,000	45,000
Earned Fairbairn Heritage Lottery Fund Elephant Trust	6,600	66,000 45,000	72,600 45,000		4,912 66,000	4,912 66,000
Hull College					2,000	2,000
Kickstart East Riding of		4,850	4,850		5,000 45,119	5,000 45,119
Yorkshire Council
Gasworks Art Fund DWP Covid support		10,000 3,300 1,744	10,000 3,300 1,744	10,667	2,685 -	2,685 10,667
	6,666	386,884	383,434	10,667	750,037	760,704
OTHER TRADING ACTIVITIES
				2023	2022
Professional services				6
Sponsorship Merchandise sales				35,000	8,333 40,000
Partners and club members				11,249 1 000	830
				47249	49 163
NVESTMENT INCOME
				2023	2022
Deposit account interest				8 5,494	6 187

					Support
				Direct	costs (see
				Costs	note 6)	Totals
Partnerships & Development Marketing & Communications Programme & Delivery				63,724 122,992 342,489	F 55,944 109,871 200040	119,668 232,863 042 014
				529105	405 360	M4 040
SUPPORTCOSTS
			IT,	Other
		Staffing	travel &	admin	Governance
		costs	communications	costs	costs	Totals
Partnerships &		E	E	E		E
Development Marketing &		27,121	5,627	21,189	2,007	55,944
Communications Programme & Delivery		54,241 ~144643	10,860 ~30 240	40,896 ~113876	3,874 ~10786	109,871 ~299545
		~226 005	46727	~175961	~16 667	~465 360
Support costs have been	apportioned according to the ratio			ofdirect costs.
GOVERNANCE COSTS					2023	2022
Auditors' remuneration Consultancy and professional Trustees expenses		fees			14,050 2,223 394	13,815 4,594 756
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
					2023	2022
Depreciation - owned assets Deficit/(surplus) on disposal offixed assets Auditors remuneration					E 14,626 677 ~14 050	E 15,845 (104) 13,815

Staff salaries			2023	2022
Freelance contracts, secondments Employer's NIC Pension scheme contributions	and salaries	in kind	464,830 5,870 38,154 24862	480,382 22,790 41,502 25 650
			533 ti16	570 324

Administration		2023	2022
Partnerships and development Marketing and communications		4 2	5 2
Programming	and delivery	3 6	3 7
		15	17

			Unrestricted	Restricted	Total
			fund	fund	funds
INCOME AND ENDOWMENTS	FROM		E	E	E
Donations and legacies			20,671	750,037	770,708
Other trading activities Investment income Other income			49,163 187 90,721		49,163 187 90 721
Total			160,742	750,037	910,779
EXPENDITURE ON
Charitable activities
Partnerships & Development			29,155	52,503	81,658
Marketing &Communications Programme & Delivery			49,405 332,941	90,004 607,930	139,409 940471
Total			411,501	750,037	1,161,538
NET INCOME/(EXPENDITURE)			(250,759)		(250,759)
RECONCILIATION OF FUNDS
Total funds brought forward			1,918,770		1,918,770
TOTAL FUNDS CARRIED FORWARD			16681111	-	1.$!8011
TANGIBLE FIXEDASSETS -GROUP
				Fixtures
		Leasehold	Computer	slid
COST		improvements 6	equipment 6	fittings 8	Totals 8
At 1stApril 2022 Additions Disposals		255,700	44,128 1,825 ~5,200)	70,014 8,737 ~2213)	369,842 10,562 ~7413)
At 31st March 2023		~255 700	~40 753	~76538	372,991
DEPRECIATION
At 1st April 2022 Charge for year Eliminated on disposal		240,213 7,744	40,241 1,945 ~5,200)	61,379 4,937 ~1536)	341,833 14,626 ~6736)
At 31st March 2023		~247 957		64,780	~349723
NET BOOK VALUE
At 31st March 2023		~7743	~3767	11,758	~23268
At 31st March 2022		15,487	3,887	8635	28,009

1	1a. TANGIBLE FIXED	ASSETS	—CHARIT
							Fixtures
				Freehold		Computer	and
	COST			property f		equipment 6	fittings 6		Totals 6
	At 1st April 2022 Additions Dlsposals At 31st March 2023			255,700 255 700		40,420 1,825 ~4704) 37,541	41,848 ~1413) 40,435		337,978 1,825 ~6,117) 333676
	DEPRECIATION
	At 1stApril 2022 Charge for year Eliminated on disposal			240,213 7,744		36,534 1,945 ~4704)	35,551 2,801 ~736)		312,298 12,490 ~5440)
	At 31st March 2023			247,957		~33 775	37616		319348
	NET BOOK VALUE
	At 31st March 2023			7743		3,766	~2819		14328
	At 31st March 2022			15,487		3,887	6,298		25 670
12.	FIXEDASSETINVESTMENTS		—CHARITY
	Cost						Shares in group Undertaking
	At 1st April 2022
	At 31st March 2023
13.	At the balance sheet date the company owned 100% Cultured (Enterprises) Limited, a company incorporated on 14th August 2015to generate commercial revenue to STOCKS				of the ordinary share capital of Absolutely in England. The subsidiary was established support the activities ofthe parent charity,
							Group
							2023		2022
	Stocks						6		f
							2,769		1,654
14.	DEBTORS:AMOUNTS	FALLING	DUE WITHIN ONE YEAR
				Group 2023		2022	Charity 2023 2022
	Trade debtors Other debtors VAT Prepayments and accrued income Amount due from group undertaking			25,233 2,350 2,536 90,896		60,979 2,350 532 131,521	25,083 2,350 90,296 75294		56,000 2,350 130,594 60,441
							~193023	251 385

Trade creditors Social security and other taxes Other creditors Generation Hull Producer Exchange Accruals and deferred income	2023 f 8,662 9,376 4,060 7,469 13,646 ~41 736	2022 12,951 15,457 4,434 7,040 18,339 36726	2023 f 8,102 10,914 3,909 7,469 13,646 36693	Charity 2022 f 12,239 20,391 4,434 7,040 18,339 32,219
	~84949	94947	36233	96692
Deferred Income
Deferred Income at 1st April 2022 Resources deferred in the year Amounts released from previous year	3223 6,600 (3,223)	248,703 253 (245,733)	3223 6,600 (3,223)	248 706 253 (245,733)
Defened income at 31st March 2023		3,223	6666	3,223
Deferred income comprises the following:
Grants Ticket sales			2023f 6,600	2022f 2,970 253
			6,600	3,223

Minimum lease payments under non-	cancellable operatin	g leases fall du	e as follows:
	2023	Group 2022	Charity 2023	2022
Within one year Between one and five years	32,000	32,000 32000	f 32,000	f 32,000 32,000
			~32 000	64,000

for	the year ended	the year ended	31stMarch	31stMarch	31stMarch	20	23
17.	MOVEMENT		IN FUNDS
										Net
										movement	At
	Unrestricted		funds						At 1.4.22 f	in funds 8	31.3.23 E
	Unrestricted								1,668,011	(445,373)	1,222,638
	TOTAL FUNDS								1 000,011	~445,373)	1 222,638
	Net movement			in funds,	induded			in the above are as follows:
									incoming	Resources	Movement
	Unrestricted		funds						resources E	expended E	in funds f
	Unrestricted								168,278	(613,651)	(445,373)
	Restricted funds
	Restricted								380,894	(380,894)
	TOTAL FUNDS								040172	~904040)	~440373)
	Comparatives		for movement				In	funds
										Net
										movement	At
									At 1.4.21	in funds	31.3.22
	Unrestricted	funds							F	E	E
	Unrestricted								1,918,770	(250,759)	1,668,011
	TOTAL FUNDS								1,910.770	~250,759)	1 668,011
	Comparative	net		movement		in	funds, induded		in the above are as follows:
									Incoming	Resources	Movement
									Iseoul'cas	expended	in funds
	Unrestricted	funds							E	8
	Unrestricted								160,742	(411,501)	(250,759)
	Restricted funds
	Restricted								750,037	(750,037)
	TOTAL FUNDS								910,779	(1,161,538)	~250,759)

ECONCILI	ATION OF MOV	EME	NTS IN REST	RICTED INC	OME FUNDS
			As at 1st April	Income	Expenditure	Transfers	As at 31stMarch
2ll22I2II23	gd C I 2 Esmee Fairburn	gl 3		250,000 66,000	(250,000) (66,000)
	Heritage Lottery	Fund		45,000	(45,000)
	Hull City Council Gasworks	Kickstart		4,850 10,000	(4,850) (10,000)
	Art Fund DWP			3,300 1 744	(3,300) ~1744
2021/2022	Arts Council England Spirit of2012 Yorkshire Water Hull College Hull City Coundl Kickstart Esmee Fairburn East Riding Yorkshire Council Elephant Trust			579,321 4,912 45,000 5,000 45,119 66,000 2,685 2 000	(579,321) (4,912) (45,000) (5,000) (45,119) (66,000) (2,685) ~2000