## |||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|Y||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||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|Group|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||| ## ## ## ## ## ##