Calstock Arts Limited
Unaudited Financial Statements Year Ended 30 April 2023
Company registration number 06881587 Charity registration number 1162250
Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Unaudited Financial Statements
Year Ended 30 April 2023
| Contents | Page |
|---|---|
| Company Information | 1 |
| Statement of Trustees’ Responsibilities | 2 |
| Trustees’ Report | 3 |
| Independent Examiner’s Report to the Trustees | 5 |
| Statement of Financial Activities (Including Income and Expenditure Account) | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed Statement of Financial Activities | 15 |
Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Company Information
Year Ended 30 April 2023
Chair Charmian Saunders Trustees Charmian Saunders Patricia Henry Deborah Lawton Ann Trethowan Joan Veale Peter White Samantha Jackman (appointed 3 May 2022) Stephen Wood (appointed 1 May 2023) Company Number 06881587 Charity Number 1162250 Registered Office The Old Chapel Sand Lane Calstock Cornwall PL18 9QX Independent Examiner Swift Accounting Lower Barton Lamerton Tavistock Devon PL19 8RR
28 / 11 / 2023
The annual report was approved by the trustees of the charity on …………... and signed on its behalf by:
Charmian Saunders Trustee
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Statement of Trustees’ Responsibilities
Year Ended 30 April 2023
Statement of Trustees’ Responsibilities
The trustees (who are also the directors of Calstock Arts Limited for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing the financial statements the directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal Activities
The principal activity of the charitable company continues to be that of advancing the arts, music and literature for the general public in Devon and Cornwall in particular, but not exclusively, through the provision of exhibitions, shows and festivals.
Small Company Provisions
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
28 / 11 / 2023
Approved by the trustees of the charity on ……………………….. and signed on its behalf by:
Mrs C Saunders Trustee
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Trustees’ Report
Year Ended 30 April 2023
Trustees Report
Calstock Arts was established as a Community Interest Company in 2009. It started its activities as an Arts Centre in January 2010. A decision was made to change to charity status in 2014 and this formally took place on 18 June 2015.
Structure, Governance and Management
Calstock Arts Limited is a private company limited by guarantee. It is governed by its articles of association, which were adopted by a special resolution on 30 March 2015. The management team numbers 10 people including the trustees/directors and aims to meet monthly. The trustees also meet separately when required. There are 22 Members, comprised of the management team, the founder lenders and some who bring relevant specialist knowledge and experience. The Members met once for the AGM.
Objectives and activities
The charity's objects ('Objects') are specifically restricted to the following: 1. To advance the Arts, music and literature for the general public in Devon and Cornwall, in particular but not exclusively by the provision of exhibitions, shows and festivals;
- To advance the education of the public in Devon and Cornwall in the arts, in particular but not exclusively by the provision of classes and workshops.
It’s certainly been a year of ups and downs. Many of our programmed events have been very well supported and it’s been great to see so many of our regular visitors return again and again. Equally it is always good to see new faces.
Folk events are, as always, popular and with Steve Hunt’s assistance our programme has been packed with nationally recognised artists as well as some less known.
Sadly, our Jazz audiences are slower to return. We are working on that with the team, including Steve Wood, Murray Brown and Mike James. The Classical events are continuing to be well attended. Anne Brown has worked hard to bring in an interesting programme, often performing on a Sunday afternoon, with cake!
The monthly films have continued to be popular and well attended. Thank you to Annie and her team for the varied programme.
The past 12 months have been busy with hirings. Wedding bookings took off, the postponed ones due to Covid have now slotted in. Thank you to Sarah and her team for this. The Old Chapel is a superb venue for parties. The huge window and views really are unique.
Deb was the driving force behind a defibrillator on the outside wall of The Old Chapel. Through donations, afternoon teas, first aid training days and hard work we are proud to have to have this life-saving device just outside our doors.
Looking forward, we continue to experiment with different events that will bring a diverse audience to Calstock Arts. Talks and films are becoming popular and have included environmental issues and wildlife talks. Steve Wood is working hard to get some big names to the Old Chapel.
We are also introducing some events for our younger audiences including children’s theatre.
My aim continues to be to bring more people through the doors of The Old Chapel. Hosting a variety of events will hopefully involve different social, demographic and ethnic audiences which is what we are here for.
Having a healthy bank balance is always top of the priorities and Deb, Trustee and Treasurer keeps us in line. We have had new guttering this year and a new stage; both desperately needed. A new cooker
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Trustees’ Report
Year Ended 30 April 2023
has also been purchased since April. However, there is always something else and our sound team, Peter and Colin have identified a need to update our equipment. At present with the help of Sam, Trustee and Deb we are looking at funds to purchase an updated sound system. This will be our next large purchase.
We are looking at ways to encourage more Friends of Calstock Arts. Our Friends support us and receive discount on tickets and are first to hear about exciting acts. We are looking for a new Friends co-ordinator as Joan, who has been doing this role for many years, would like to step down.
I am indebted to all our volunteers. They work really hard doing a variety of tasks… as well as front of house & the bar, there is a huge amount of work which goes on behind the scenes. We couldn’t open our doors without them. Thank you to them all.
Financing
We aim to generate a small surplus, before overheads, from the events we put on. Our main financing comes from bar income and income generated from hiring out the building for weddings and other activities. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to twelve month’s overhead expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Financial Statement
Our accounts for the period up to 30 April 2023 are shown on pages 5 to 13. The Trustees approved this report on …………………………..… The deficit for the year was £10,837. 28 / 11 / 2023
Charmian Saunders Chair
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Independent Examiner’s Report to the trustees of Calstock Arts Limited
Year Ended 30 April 2023
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30 April 2023 which are set out on pages 5 to 13.
Respective responsibilities of trustees and examiner
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirement of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]
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 the proper understanding of the accounts to be reached.
…………………………… Tim Culverhouse FCCA Swift Accounting
Lower Barton Lamerton Tavistock Devon PL19 8RR Date: ………………… 29 / 11 / 2023
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Statement of Financial Activities (Including Income and Expenditure Account)
Year Ended 30 April 2023
| Year Ended 30 April 2023 | |||||
|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | |
| funds | funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Income & Endowments from: | |||||
| Donations and legacies | 4 | 1,850 | - | 1,850 | 17,959 |
| Charitable activities | 5 | 63,166 | - | 63,166 | 36,160 |
| Investments | 76 | - | 76 | 2 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total Income | 65,092 | - | 65,092 | 54,121 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Expenditure on: | |||||
| Raising funds | - | - | - | - | |
| Charitable activities | 6 | 75,929 | - | 75,929 | 50,250 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total Expenditure | 75,929 | - | 75,929 | 50,250 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net (deficit) / surplus | (10,837) | - | (10,837) | 3,871 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net movement in funds | - | - | - | - | |
| Reconciliation of funds | |||||
| Total funds brought forward | 120,804 | - | 120,804 | 116,933 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 109,967 | - | 109,967 | 120,804 | |
| ============================ | ============================ | ============================ | ============================ |
All of the charity’s activities derive from continuing operations during the above two periods
The statement of financial activities includes all gains and losses recognised in the year
In 2022 the restricted reserves received amounted to £4,437 with spend of £11,524 (see note 16)
The notes on pages 8 to 13 form part of these financial statements.
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Balance Sheet
30 April 2023
| 30 April 2023 | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 10 | 91,289 | 89,178 |
| ---------------------------- | ---------------------------- | ||
| 91,289 | 89,178 | ||
| ---------------------------- | ---------------------------- | ||
| Current Assets | |||
| Stocks |
11 | 3,025 | 2,901 |
| Debtors | 12 | 3,974 | 397 |
| Cash at bank and in hand | 27,207 | 45,959 | |
| -------------------------------- | -------------------------------- | ||
| 34,206 | 49,257 | ||
| Creditors: Amounts falling due within one year | 13 | 13,128 | 12,431 |
| -------------------------------- | -------------------------------- | ||
| Net Current Assets / (Liabilities) | 21,078 | 36,826 | |
| ---------------------------- | ---------------------------- | ||
| Total Assets Less Current Liabilities | 112,367 | 126,004 | |
| Creditors: Amounts falling due after more than one year | 14 | 2,400 | 5,200 |
| ---------------------------- | ---------------------------- | ||
| Net Assets | 109,967 | 120,804 | |
| ======================== | ======================== | ||
| Funds of the Charity | |||
| Unrestricted Funds | 17 | 109,967 | 120,804 |
| Restricted Funds | 16 | - | - |
| ---------------------------- | ---------------------------- | ||
| Total funds | 109,967 | 120,804 | |
| ======================== | ======================== |
For the financial year ended 30 April 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on ........................, and are signed on their behalf by: 28 / 11 / 2023
.......................... Mrs C Saunders
Company Registration Number: 06881587
The notes on pages 8 to 13 form part of these financial statements.
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Notes to the Financial Statements
Year Ended 30 April 2023
1. Charity status and information
Calstock Arts Limited is a Charitable Company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
2. Accounting Policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of Preparation
Calstock Arts Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going Concern
At the time of approving the financial statements, the Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Incoming resources
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Notes to the Financial Statements
Year Ended 30 April 2023
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land 0% Freehold Property 2% straight line Office Equipment 15% reducing balance
The gain or loss arising on the disposal of an asset is determined as to the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Stocks
Stocks are stated at the lower of cost and net realisable value after making due allowances for obsolete and slow moving items.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments
Classification
The company holds the following financial instruments:
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Short term trade and other debtors and creditors;
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• Cash and bank balances
All financial instruments are classified as basic.
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Notes to the Financial Statements
Year Ended 30 April 2023
Recognition and measurement
The charity has chosen to apply the recognition and measurement principles in FRS 102.
Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to the cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the charity’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and other assumptions about the carrying amounts 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.
4. Income from donations and legacies
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Donations and gifts | 1,850 | - | 1,850 | 1,593 |
| Grant income | - | - | - | 16,366 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 1,850 | - | 1,850 | 17,959 | |
| ============================ | ============================ | ============================ | ============================ |
In 2022 none of the donations and gifts received were restricted. £4,437 of the grant income was restricted.
5. Income from charitable activities
| 5. Income from charitable activities | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Turnover within charitable activities | 63,166 | 36,160 |
| ---------------------------- | ---------------------------- | |
| 63,166 | 36,160 | |
| ======================== | ======================== |
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Notes to the Financial Statements
Year Ended 30 April 2023
6. Expenditure on charitable activities
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Staff costs | - | - | ||
| Venue and performance costs | 45,208 | 29,075 | ||
| ---------------------------- | ---------------------------- | |||
| 45,208 | 29,075 | |||
| Share of overhead and support costs (see | note 7) | 29,921 | 19,975 | |
| Share of governance costs (see note 7) | 800 | 1,200 | ||
| ---------------------------- | ---------------------------- | |||
| 75,929 | 50,250 | |||
| ============================ | ============================ | |||
| Analysis by fund | ||||
| Unrestricted funds | 75,929 | 38,726 | ||
| Restricted funds | - | 11,524 | ||
| ---------------------------- | ---------------------------- | |||
| 75,929 | 50,250 | |||
| ============================ | ============================ | |||
| 7. Overhead and support costs |
||||
| Overhead & | Governance | Total | Total | |
| Support costs | costs | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Rates | 578 | - | 578 | 348 |
| Utilities | 3,036 | - | 3,036 | 1,408 |
| Cleaning | 2,059 | - | 2,059 | 2,106 |
| Premises insurance | 3,295 | - | 3,295 | 3,177 |
| Repairs, renewals & maintenance | 15,254 | - | 15,254 | 4,642 |
| Accountancy & examination fees | - | 800 | 800 | 1,200 |
| Other office costs | 2,030 | - | 2,030 | 2,078 |
| Depreciation | 2,961 | - | 2,961 | 2,200 |
| Sundry expenses | 708 | - | 708 | 4,016 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 29,921 | 800 | 30,721 | 21,175 | |
| ============================ | ============================ | ============================ | ============================ | |
| Analysed between | ||||
| Donations and legacies | - | - | - | - |
| Charitable activities | 29,921 | 800 | 30,721 | 21,175 |
| ============================ | ============================ | ============================ | ============================ |
8. Trustees
None of the trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Notes to the Financial Statements
Year Ended 30 April 2023
9. Employees
Number of employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Venue charitable activities | - | - | ||
| ============================ | ========================= | |||
| Employment costs | ||||
| Wages and salaries | - | - | ||
| Other pension costs | - | - | ||
| ---------------------------- | ---------------------------- | |||
| - | - | |||
| ============================ | ============================ | |||
| 10. | Tangible fixed assets | |||
| Freehold | Plant & | |||
| Property | Machinery | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 May 2022 | 86,103 | 16,510 | 102,613 | |
| Additions | – | 5,072 | 5,072 | |
| Disposals | – | – | – | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| At 30 April 2023 | 86,103 | 21,582 | 107,685 | |
| ============================ | ============================ | ============================ | ||
| Depreciation | ||||
| At 1 May 2022 | 3,888 | 9,547 | 13,435 | |
| Charge for the year | 972 | 1,989 | 2,961 | |
| On disposals | – | – | – | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| At 30 April 2023 | 4,860 | 11,536 | 16,396 | |
| ============================ | ============================ | ============================ | ||
| Net Book Value | ||||
| At 30 April 2023 | 81,243 | 10,046 | 91,289 | |
| ============================ | ============================ | ============================ | ||
| At 30 April 2022 | 82,215 | 6,963 | 89,178 | |
| ============================ | ============================ | ============================ | ||
| 11. | Stock | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Stock | 3,025 | 2,901 | ||
| ---------------------------- | ---------------------------- | |||
| 3,025 | 2,901 | |||
| ============================ | ============================ | |||
| 12. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments and accrued income | 3,974 | 397 | ||
| ---------------------------- | ---------------------------- | |||
| 3,974 | 397 | |||
| ============================ | ============================ |
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Notes to the Financial Statements
Year Ended 30 April 2023
13. Creditors: Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade creditors | – | – |
| Other creditors | 5,100 | 5,213 |
| Accruals and deferred income | 8,028 | 7,218 |
| -------------------------------- | ---------------------------- | |
| 13,128 | 12,431 | |
| ================================ | ============================ | |
| Creditors:Amounts falling due after more than one year | ||
| 2023 | 2022 | |
| £ | £ | |
| Other creditors | 2,400 | 5,200 |
| ---------------------------- | ---------------------------- | |
| 2,400 | 5,200 | |
| ============================ | ============================ |
14. Creditors: Amounts falling due after more than one year
15. Related Party Transactions
There were no disclosable related party transactions during the year (2022 – None)
16. Restricted funds
| Balance at 1 | Incoming | Resources | Transfers to |
Balance at | |
|---|---|---|---|---|---|
| May ‘22 | resources | expended | general fund |
30 April ‘23 | |
| £ | |||||
| £ | £ | £ |
|||
| The Arts Council * | - | - | - | - | - |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| - | - | - | - | - | |
| ============================ | ============================ | ============================ | ============================ | ============================ | |
| Balance at 1 | Incoming | Resources | Transfers to |
Balance at | |
| May ‘21 | resources | expended | general fund |
30 April ‘22 | |
| £ | |||||
| £ | £ | £ |
|||
| The Arts Council * | 9,262 | 4,437 | 11,524 | 2,175 | - |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 9,262 | 4,437 | 11,524 | 2,175 | - | |
| ============================ | ============================ | ============================ | ============================ | ============================ |
* In 2021/22 The grant from the Arts Council grant gave the Charity £2,175 towards general reserves to be realised in the year ended 30 April 2022.
17. Analysis of net assets between funds
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| £ | £ | £ | |
| Tangible assets | 91,289 | – | 91,289 |
| Current assets / (liabilities) | 21,078 | – | 21,078 |
| Long term liabilities | (2,400) | – | (2,400) |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 109,967 | – | 109,967 | |
| ============================ | ============================ | ============================ |
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Management Information
Year Ended 30 April 2023
The following pages do not form part of the statutory financial statements .
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c
Calstock Arts Limited
Detailed Statement of Financial Activities
Year Ended 30 April 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Box office receipts | 31,957 | 19,282 |
| Revenue grants / Sponsorship | - | 16,366 |
| Bar and café takings | 17,302 | 9,388 |
| Premises hire | 12,503 | 6,675 |
| Friends subscriptions | 836 | 815 |
| -------------------------------- | -------------------------------- | |
| 62,598 | 52,526 | |
| Cost of Sales | ||
| Opening bar stock | 2,901 | 860 |
| Performer fees and expenses | 25,331 | 14,416 |
| Bar purchases and overheads | 9,645 | 4,970 |
| Salaries | 720 | 1,625 |
| Hiring commission | 2,408 | 1,091 |
| Box office commission | 734 | 1,109 |
| Licence fees | 2,559 | 583 |
| Website, advertising and publicity | 2,999 | 6,560 |
| Telephone and internet | 936 | 762 |
| Closing bar stock | (3,025) | (2,901) |
| -------------------------------- | -------------------------------- | |
| 45,208 | 29,075 | |
| -------------------------------- | -------------------------------- | |
| Gross surplus | 17,390 | 23,451 |
| ============================ | ============================ | |
| Administrative expenses | ||
| Rates | 578 | 348 |
| Utilities | 3,036 | 1,408 |
| Cleaning | 2,059 | 2,106 |
| Premises insurance | 3,295 | 3,177 |
| Repairs, renewals and maintenance | 15,254 | 4,642 |
| Accountancy fees | 800 | 1,200 |
| Other office costs | 2,030 | 2,078 |
| Depreciation | 2,961 | 2,200 |
| Sundry expenses | 708 | 4,016 |
| ---------------------------- | ---------------------------- | |
| 30,721 | 21,175 | |
| Other operating income | ||
| Capital grants | – | – |
| Other income | 568 | – |
| Donations received | 1,850 | 1,593 |
| ---------------------------- | ---------------------------- | |
| 2,418 | 1,593 | |
| -------------------------------- | -------------------------------- | |
| Operating (deficit) / surplus | (10,913) | 3,869 |
| ============================ | ============================ | |
| Interest receivable | 76 | 2 |
| ---------------------------- | ---------------------------- | |
| 76 | 2 | |
| ---------------------------- | ---------------------------- | |
| (Deficit) / Surplus for the financial year | (10,837) | 3,871 |
| ============================ | ============================ |
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Doc ID: 203584c0056b442c2041d867eb4869e071540f7c