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2023-12-31-accounts

Talitha Arts

Trustees Annual Report and Unaudited Financial Statements Year ended 31 December 2023

Charity registation - 1162475 Company number - 07474726

Chelsea Flower Show, Photos taken by Alister Thorpe

Year ended 31 December 2023

Talitha Arts Annual report and financial statements

Contents

Contents
Trustees annual report 4
Objectives and activities 4
Achievements and performance for 2023 4
Financial Review 6
Structure, Governance and Management 7
Reference and administrative details 7
Statement of Board of Trustees’ responsibilities 8
Independent examiner’s report 11
Statement of fnancial activities 13
Balance sheet 14
Notes to the fnancial statements 15

Charity number 1162475 Company number 07474726

3

Talitha Arts Annual report and financial statements

Year ended 31 December 2023

Trustees annual report

The Board of Trustees, who are also directors of the Charity for the purposes of the Companies Act, and trustees for charity law purposes, submit their annual report and the financial statements of Talitha Arts for the year ended 31 December 2023.

The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of the ‘Charities SORP (FRS 102) - 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Objectives and activities

Objects

The objects of the Charity, as set out in its Memorandum of Association, are:

Public beneft

Throughout the process of determining these activities outlined below, the Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.

Achievements and performance for 2023

In 2020, Talitha’s strategic 3 year objective was to “steadily and securely plant roots to ensure stable and healthy growth” in 5 key areas. As we came to the end of this strategic plan, we are pleased to reveal the following key findings from 2023:

Partners & Programmes

We delivered 62 workshops with 13 partners, and 556 individual engagements with people with disabilities and long-term mental health issues - our highest number to date .

Charity number 1162475 Company number 07474726

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Year ended 31 December 2023

Talitha Arts Annual report and financial statements

New partners this year include:

Returning partners include:

A breakdown of our work this year by partner type:

Practitioner Base

We shadowed and inducted new practitioners, and due to a more stringent recruitment process, have increased the available practitioner base by 65% , as well as a Therapeutic Consultant that helps to ensure we are rooted in therapeutic intent.

Fundraising & Finance

In 2023, we gained a 61% increase in income, our highest amount to date . We have monthly management accounts meetings, and budgets linked to our strategic goals. Grant funding for salaries related to our direct work, and for programmes working with women survivors of trafficking and domestic violence was low, and these are areas where we will seek more funding moving forward.

Outreach & Networks

Notably, in 2023, Talitha Arts had a garden in the 2023 Chelsea Flower Show, bringing unprecedented national and international media attention, and increasing online engagement by 2050%. The Talitha Arts Garden won Best in Show for the All About Plants Category, and a gold medal. The garden was relocated to Talitha Arts’s partner, St.Margaret’s House, where it is enjoyed by the public and used by Talitha for events and workshops.

Charity number 1162475 Company number 07474726

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Talitha Arts Annual report and financial statements

Year ended 31 December 2023

Newsletter signs-up have increased by 80%

We made significant progress with our Social Media metrics during the year:

Talitha Team

The Talitha team has shifted and changed, in the past all of Talitha’s staff have been part time, but we

now find ourselves in the fortunate position of starting 2024 with two full time staff and the recruitment of a Fundraiser at 22.5hrs per week.

Financial Review

During the year the charity‘s income was £101,959 (2022: £63,498), expenditure was £98,293 (2022: £76,577) and the surplus was therefore £3,666 (2022: deficit of £13,079). The staff and trustees were delighted with this performance, achieving its highest income in the 13 years since the organisation was founded, and against a backdrop of economic uncertainty, high inflation, and a cost of living crisis.

Overall grant income of £39,571 was 13.3% up on the prior year (£34,915), and our largest grant income ever achieved. This included £2,000 which was restricted income for our Young Roots project.

Donations from individuals and regular donors were up this year at £17,311 (2022: £14,124).

The Talitha Arts garden from the Chelsea Flower Show now belongs to the charity as part of the funding arrangements with Project Giving Back. We have therefore recorded income of £10,000 under donations and legacies to reflect the value of the unique artwork that forms part of the overall installation.

Fundraising event income of £20,071 and organisational giving of £7,752 were heavily influenced by opportunities opened up to us through our presence at the Chelsea Flower Show, and included matched funding opportunities from the Big Give.

£2,749 (2022: £3,980) of income was also received from programme partners who were able to contribute towards the cost of the workshops we ran for them.

Our overall expenditure was up on last year due to increased programme activity (our largest year ever), increased staffing costs (increases to rates of pay as well as pension contributions) and costs associated with our presence at the Chelsea Flower Show.

Reserves Policy

The Trustees have a policy that the Charity maintains a general reserve of at least three months of expenditure, equivalent to £21,160 at the end of December 2023. The general reserve is defined as those unrestricted assets that are deemed to be easily realisable – the net current assets, i.e. it excludes the fixed assets as they are deemed to be illiquid.

The general reserve at December 31st, 2023 of £29,380 (2022: £30,306) exceeds this requirement but is not deemed to be excessive, especially considering the current fundraising environment.

Charity number 1162475 Company number 07474726

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Year ended 31 December 2023

Talitha Arts Annual report and financial statements

Structure, Governance and Management

Governing Document

Talitha Arts is registered under the Companies Act 2006 as a company limited by guarantee and not having a share capital.

Talitha Arts is a registered charitable company constituted as a limited company under its Memorandum and Articles of Association. The charity registration number is 1162475 (England and Wales) and the company registration number is 07474726 (England and Wales).

Recruitment and Appointment of Trustees

The Trustees are also the directors of Talitha Arts for the purpose of company law. Talitha Arts Articles of Association require a minimum of three trustees. There is no maximum number of trustees.

Directors are invited to serve up to two three-year terms, but they may be reappointed subject to reelection at the Annual General Meeting. Only the current directors can appoint new directors.

During the year Alastair McIver and Daphne Clifton were appointed as Trustees in June and September 2023 respectively. Rebecca Cardinali was appointed after the year end in March 2024 as Rev’d Ian Dyble stepped down in February 2024. There were no other changes to the Trustees during the year.

Organisational structure

The Trustees are responsible for the overall financial control, direction and work of the Charity. They meet approximately four times a year. Day-to-day responsibilities are delegated to the principal staff within a framework of approved policies and operational plans, who manage the other staff employed by the Charity.

Reference and administrative details

Registered offce

4 Victoria Gardens 147 Turners Hill Cheshunt Hertfordshire EN8 9BH

Trustees

Simon Lee Treasurer Hayley Argles-Grant Rev’d Ian Dyble (resigned 13 February 2024) Richard Leaf Amelia Sommers Alastair McIver (appointed 9 June 2023) Daphne Clifton (appointed 12 September 2023) Rebecca Mondadori (appointed 18 March 2024)

Independent examiners

Andy Nash Accounting & Consultancy Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Charity number 1162475 Company number 07474726

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Talitha Arts Annual report and financial statements

Year ended 31 December 2023

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Statement of Board of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual 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 they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

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 the excess of expenditure over income for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that the content of the annual review on pages 3 to 10 of this document, meet the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011, the ‘Charities SORP (FRS 102) - 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Trustees confirm that:

Charity number 1162475 Company number 07474726

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Year ended 31 December 2023

Talitha Arts Annual report and financial statements

make themselves aware of any relevant independent examination information and to establish that the Charity’s independent examiner is aware of that information.

Preparation of the report

This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006, and the exemptions available for smaller charities under the Statement of Recommended Practice.

This report was approved and authorised for issue by the Board of Trustees on 18 June 2024 and signed on its behalf by:

Simon Lee

Simon Lee (Jun 25, 2024 14:24 GMT+1)

SIMON LEE

TREASURER

Charity number 1162475 Company number 07474726

9

&1 111

Year ended 31 December 2023

Talitha Arts Annual report and financial statements

Independent examiner’s report

I report to the Trustees on my examination of the accounts of Talitha Arts (charity number 1162475, company number 07474726) for the year ended 31 December 2023 which are set out on pages 13 to 24.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’) nor under Part 16 of the 2006 Act, and that an independent examination is needed.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it is my responsibility to:

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

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:

• accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or,

• the accounts do not comply with the accounting requirements 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,

• 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).

Charity number 1162475 Company number 07474726

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Talitha Arts

Year ended 31 December 2023

Annual report and financial statements

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.

ANDREW PHILIP NASH FCA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833 DATED: 25 JUNE 2024

Andy Nash Accounting & Consultancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Charity number 1162475 Company number 07474726

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Year ended 31 December 2023

Talitha Arts Annual report and financial statements

Statement of financial activities

Incorporating the Income and Expenditure Account & Statement of Realised Gains and Losses

For the year ended 31 December 2023

Notes
Income from:
Donations & legacies
3
Charitable activities
4
Other income
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities
5 & 7
Total expenditure
Net income/(expenditure)
Reconciliation of funds
Total funds brought forward
12 & 13
Total funds carried forward
12 & 13		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
31-Dec-23
31-Dec-23
31-Dec-23
31-Dec-22
£
£
£
£
97,137
2,000
99,137
59,475
2,749
-
2,749
3,980
73
-
73
43
99,959
2,000
101,959
63,498
37,703
-
37,703
19,531
53,182
7,408
60,590
57,046
90,885
7,408
98,293
76,577
9,074
(5,408)
3,666
(13,079)
30,306
6,329
36,635
49,714
39,380
921
40,301
36,635

The notes on pages 15 to 24 form part of the financial statements.

Charity number 1162475 Company number 07474726

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Talitha Arts Annual report and financial statements

Year ended 31 December 2023

Balance sheet

As at 31 December 2023

Notes
Fixed assets:
Tangible assets
9
Current assets:
Debtors & prepayments
10
Cash at bank and in hand
Total current assets
Creditors:
amount falling due within
one year
11
Net current assets
Net assets
The funds of the charity:
Restricted funds
12 & 13
Unrestricted funds
12 & 13
Total charity funds		 7,373
28,923		 Total
funds
31-Dec-23
£
10,000


36,296
(5,995)
481
37,951		 Total
funds
31-Dec-22
£
-


38,432
(1,797)





40,301 36,635
40,301 36,635
921
39,380		 6,329
30,306
40,301 36,635

The notes on pages 15 to 24 form part of the financial statements.

The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies and FRS 102 Section 1A.

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 December 2023, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 under section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

They were approved and authorised for issue by the Board of Trustees on 18 June 2024 and signed on their behalf by:

Simon Lee

Simon Lee (Jun 25, 2024 14:24 GMT+1)

SIMON LEE

TREASURER

Charity number 1162475 Company number 07474726

14

Year ended 31 December 2023

Talitha Arts Annual report and financial statements

Notes to the financial statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 1, and the Companies Act 2006.

The effect of any event relating to the year ended 31 December 2023, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 December 2023 and the results for the year ended on that date.

The functional currency of the Charity is GBP and amounts in the financial statements are rounded to the nearest pound.

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 financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing global COVID-19 pandemic has had no material impact on this assessment.

Legal status

Talitha Arts is a charitable company registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member. The registered address is 4 Victoria Gardens, 147 Turners Hill, Cheshunt, Hertfordshire, EN8 9BH.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 12 of the financial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Charity number 1162475 Company number 07474726

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Talitha Arts Annual report and financial statements

Year ended 31 December 2023

1. Accounting policies (continued from previous page)

Income from charitable activities and other trading activities is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred, except for tickets sales and bar revenue which are recognised on a cash basis.

Donated goods and services are recognised where the benefit to the Charity is quantifiable and measurable and is measured at the market value of the goods and services donated.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated between activities proportionate to the direct costs incurred in those activities.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fixed assets and depreciation

Tangible fixed assets comprise fixtures, fittings, and equipment. All items over £500 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on the following basis:

Sculpture Non-depreciable asset due to indeterminable useful life

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and accruals

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Pensions

The Charity operates a defined contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in

Charity number 1162475 Company number 07474726

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Year ended 31 December 2023

Talitha Arts Annual report and financial statements

applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

2. Comparative statement of fnancial activities

3. Income from donations and legacies
Income from:
Donations & legacies
Charitable activities
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Donations (see note 16)
Grants
Donations
Grants		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
40,461
19,014
59,475
3,980
-
3,980
43
-
43
44,484
19,014
63,498
19,531
-
19,531
37,943
19,103
57,046
57,474
19,103
76,577
(12,990)
(89)
(13,079)
43,296
6,418
49,714
30,306
6,329
36,635
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
59,566
-
59,566
37,571
2,000
39,571
97,137
2,000
99,137
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
24,560
-
24,560
15,901
19,014
34,915
40,461
19,014
59,475
  1. Income from donations and legacies

Charity number 1162475 Company number 07474726

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Talitha Arts Annual report and financial statements

Year ended 31 December 2023

4. Income from charitable activities

Total expenditure
Training & workshops
Training & workshops
Raising funds
Charitable activities
Raising funds
Charitable activities		 Unrestricted
Restricted
Total
funds
funds
funds
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
2,749
-
2,749
2,749
-
2,749
Unrestricted
Restricted
Total
funds
funds
funds
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
3,980
-
3,980
3,980
-
3,980
Direct
Direct
Support
Total
staff costs
other costs
costs
funds
Year ended
Year ended
Year ended
Year ended
31-Dec-23
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
£
14,495
13,363
9,845
37,703
39,178
5,590
15,822
60,590
53,673
18,953
25,667
98,293
Direct
Direct
Support
Total
staff costs
other costs
costs
funds
Year ended
Year ended
Year ended
Year ended
31-Dec-22
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
£
10,383
1,574
7,574
19,531
31,181
3,742
22,123
57,046		 Unrestricted
Restricted
Total
funds
funds
funds
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
2,749
-
2,749
2,749
-
2,749
Unrestricted
Restricted
Total
funds
funds
funds
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
3,980
-
3,980
3,980
-
3,980
41,564
5,316
29,697
76,577
  1. Total expenditure

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated between activities proportionate to the direct costs incurred in those activities.

An analysis of staff costs can be found in note 8.

A breakdown of expenditure on raising funds between restricted and unrestricted funds can be found in note 6.

A breakdown of charitable expenditure between restricted and unrestricted funds can be found in note 7.

Charity number 1162475 Company number 07474726

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Year ended 31 December 2023

Talitha Arts Annual report and financial statements

5. Total expenditure (continued from previous page)

Indirect costs includes:

Governance costs includes:
Support staff
Other staff costs
Professional services
Administration
Governance
Independent examination
HR advice
Insurance
Bank charges
Other expenses		 Total
Total
funds
funds
Year ended
Year ended
31-Dec-23
31-Dec-22
£
£
17,481
14,249
1,799
1,364
3,393
9,303
1,233
2,302
1,761
2,479
25,667
29,697
Total
Total
funds
funds
Year ended
Year ended
31-Dec-23
31-Dec-22
£
£
1,050
1,013
-
667
444
429
60
81
207
289
1,761
2,479

Charity number 1162475 Company number 07474726

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Talitha Arts Annual report and financial statements

Year ended 31 December 2023

6. Expenditure on raising funds

Expenditure on charitable activities
Direct staff costs
Direct other costs
Support costs
Direct staff costs
Direct other costs
Support costs
Direct staff costs
Direct other costs
Support costs
Direct staff costs
Direct other costs
Support costs		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
14,495
-
14,495
13,363
-
13,363
9,845
-
9,845
37,703
-
37,703
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
10,383
-
10,383
1,574
-
1,574
7,574
-
7,574
19,531
-
19,531
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
35,539
3,639
39,178
2,871
2,719
5,590
14,772
1,050
15,822
53,182
7,408
60,590
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
13,685
17,496
31,181
2,569
1,173
3,742
21,689
434
22,123
37,943
19,103
57,046

7. Expenditure on charitable activities

Charity number 1162475 Company number 07474726

20

Year ended 31 December 2023

Talitha Arts Annual report and financial statements

  1. Staff costs
Gross salaries
Employer’s pension		 Total
Total
funds
funds
Year ended
Year ended
31-Dec-23
31-Dec-22
£
£
66,538
54,457
4,616
1,356
71,154
55,813

The average headcount during the period was 3 persons (2022: 4 persons).

No employee received employee benefits of more than £60,000 (2022: Nil).

The total employee benefits paid to key management personnel during the year was £38,176 (2022: £23,334).

9. Tangible fxed assets

Cost
As at 1 January 2023
Additions (see note 16)
As at 31 December 2023
Net book value
As at 1 January 2023
As at 31 December 2023		 Sculpture
Total
£
£
-
-
10,000
10,000
10,000
10,000
-
-
10,000
10,000

10. Debtors and prepayments

Accrued income
Prepayments
HMRC gift aid receivable		 Total
Total
funds
funds
31-Dec-23
31-Dec-22
£
£
1,600
-
4,500
481
1,273
-
7,373
481

Charity number 1162475 Company number 07474726

21

Talitha Arts Annual report and financial statements

Year ended 31 December 2023

11. Creditors: amounts falling due within one year

Accounts payable
Accruals and deferred income
HMRC payable
Pension payable		 Total
Total
funds
funds
31-Dec-23
31-Dec-22
£
£
896
-
2,530
1,000
1,983
489
586
308
5,995
1,797

Deferred income consists of income received in 2023 for the next financial period.

12. Analysis of charity funds

Restricted funds
Tangley
Trust
Fund
Jubilee
Community
Fund
Young Roots
Restricted funds
Unrestricted funds
Total funds		 Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
year
year
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31-Dec-23
31-Dec-23
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
£
£

4,298
-
(4,298)
-
-
2,031
-
(2,031)
-
-
-
2,000
(1,079)
-
921
6,329
2,000
(7,408)
-
921
30,306
99,959
(90,885)
-
39,380
36,635
101,959
(98,293)
-
40,301

Tangley Trust Fund

These were funds received to support a project with Gaia Women’s Refuge.

Jubilee Community Fund

These were funds received to support a jubilee themed programme at Dalemead Care Home.

Young Roots

These were funds received to support a workshops for young refugees.

Charity number 1162475 Company number 07474726

22

Year ended 31 December 2023

Talitha Arts Annual report and financial statements

12. Analysis of charity funds (continued from previous page)

Restricted funds
Tangley Trust Fund
Phylroy Trust
Jubilee Community
Fund
Restricted funds
Unrestricted funds
Total funds		 Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
year
year
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31-Dec-22
31-Dec-22
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
£
£
4,298
-
-
-
4,298
2,120
13,000
(15,120)
-
-
-
6,014
(3,983)
-
2,031
6,418
19,014
(19,103)
-
6,329
43,296
44,484
(57,474)
-
30,306
49,714
63,498
(76,577)
-
36,635

Phylroy Fund

These were funds received to support the employment of a Head of Therapeutic Development.

13. Analysis of net assets

Fixed assets
Current assets
Current liabilities
Current assets
Current liabilities		 Unrestricted
Restricted
Total
funds
funds
funds
31-Dec-23
31-Dec-23
31-Dec-23
£
£
£
10,000
-
10,000
35,375
921
36,296
(5,995)
-
(5,995)
39,380
921
40,301
Unrestricted
Restricted
Total
funds
funds
funds
31-Dec-22
31-Dec-22
31-Dec-22
£
£
£
32,103
6,329
38,432
(1,797)
-
(1,797)
30,306
6,329
36,635

Charity number 1162475 Company number 07474726

23

Talitha Arts Annual report and financial statements

Year ended 31 December 2023

  1. Trustee remuneration

During the year, no Trustee received any remuneration (2022: £Nil). During the year one member of the Board of Trustees received reimbursement of expenses related to attendance at trustee meetings totaling £157 (2022: no members totalling £Nil).

15. Related party transactions

There were no related party transactions in the current year (2022: £Nil) other than unrestricted donations from trustees totalling £Nil (2022: £Nil).

16. Donated goods and services

During the year, Talitha Arts partook in the Chelsea Flower Show and the garden that was produced as part of this now belongs to the charity as part of the funding arrangements with Project Giving Back. We have therefore recorded income of £10,000 under donations and legacies (see note 3) and an equivalent amount under tangile fixed assets (see note 9) to reflect the value of the unique artwork that forms part of the overall installation.

Charity number 1162475 Company number 07474726

24

Talitha ARTS