Registered Charity 1163002
Newbiggin Arts Centre
A Charitable Incorporated Organization
Report of the Trustees
and Unaudited Financial Statements For the year ended 31 December 2021
Newbiggin Arts Centre
A Charitable Incorporated Organization
Contents
Trustees’ Report Page 2 Independent Examiner’s Report Page 5 Statement of Financial Activity Page 6 Balance Sheet Page 7 Notes to the Unaudited Financial Statement Page 8
The following page does not form part of the statutory accounts
APPENDICES
1. Allocation of Expenditure between funds
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NEWBIGGIN ARTS CENTRE A Charitable Incorporated Organization Trustees’ Annual Report For the Year ended 31 December 2021
OBJECTIVES AND ACTIVITIES
Our objectives are the advancement of education in arts and crafts for the public benefit of people living in Northumberland in particular but not exclusively by providing tuition and facilities for arts and crafts.
A core value that underpins our objectives are that we want to make a difference to the people of our community and to ensure that the facilities and services are available to all in the community irrespective of gender, race, age, disability or religion and financial status.
KEY ACTIVITIES
We provide arts and craft classes and clubs to artist young and old, novices and the more experience. We also exhibit artists’ artwork. We encourage the involvement of vulnerable adults and help them to overcome barriers in their lives. We provide a safe, friendly, supportive, non judgement environment open to all in the community.
ACTIVITIES FOR THE PUBLIC BENEFIT
The Trustees understands the implication of the Charities Act 2006 which states that charities must demonstrate that they are established for public benefit. The Trustees believe that the Charity meets the key principles of the guidance issued by the Charity Commission.
ACHIEVEMENTS
Despite the drawbacks of Covid we have made significant progress in rejuvenating the charity over this financial year. During lock downs our premises in Gibson Steet, with the aid of various grants was renovated and re-decorated and as a consequence we have been able now to offer a wider scope of activities from these premises. In this financial year with have been able to lease other premises in Newbiggin, and with the aid of many grants converted these High Street premises into a fully equipped studio to provide facilities for the delivery of workshops and clubs in drawings, watercolours, acrylic and oils. We have increased the participation of active members from 20 in August 2020 to now having 120 active participants plus 20 children attending various workshops and clubs. The Trustees are now considering plans for the expansion of its work for arts and crafts.
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NEWBIGGIN ARTS CENTRE A Charitable Incorporated Organization Trustees’ Annual Report For the year ended 31 December 2021
FINANCIAL REVIEW
The Trustees have to report a surplus for the financial year of £13,290, and they will continue to monitor the finances of the organization on a regular basis.
REVIEW OF FINANCIAL RESULTS AND RESERVES.
The surplus for the financial year has been credited to reserves as follows.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted Funds | 13,290 | 8,594 |
| Restricted Funds | - | - |
As at the 31 December 2021 the total unrestricted funds to be carried forward were £22,208 [ at 31 December 2020 they were £8,918 ]
TRUSTEE EXPENSES
No Trustee received expenses for their work for the charity other than one Trustee who was reimbursed for payments he made on behalf of the charity during the year, these payments were supported by the receipts and invoices for the expenses incurred.
STRUCTURE GOVERNANCE MANAGEMENT
The charity became a Charitable Incorporated Organization as The Little Gem Arts and Crafts Gallery on 6 August 2005, the name of the charity was changed to Newbiggin Arts Centre on 12 October 2020.
The day-to-day management of the charity is overseen by the Chair of Trustees and other volunteers. The Trustees hold frequent meetings and regular communications are sent out to its supporters.
POLICY FOR MONITORING AND REVIEW
The Trustees review the charities policies and procedures on a regular basis to ensure they comply with current legislation. They also review its activities to consider how to increase the scope of its cultural activities.
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NEWBIGGIN ARTS CENTRE A Charitable Incorporated Organization Trustees’ Annual Report For the year ended 31 December 2021
REFERENCE AND ADMINISTRATION DETAILS
Charity Name Newbiggin Arts Centre Charity Number 1163002 Principal Address 74b Front Street Newbiggin by the Sea Northumberland NE 64 6QD Board of Trustees Stephen Wilkinson Susan Case George Stoker Valarie Hearn Heather Peel Sue Nicholson resigned Feb.2022 Fiona Rowley Independent Examiner Northumberland CVA 107-109 Station Road Ashington Northumberland NE 63 8RS Bankers Lloyds Bank PLC Halifax Bank
The Trustees conclude their annual report in recording their thanks to all who have contributed and supported the activities of the charity in a very difficult year. Our thanks also go to those who have supported us with financial grants, and with out their help we would not have made the progress as we have done in the past year.
APPROVAL
The report was approved by the Board of Trustees on the 30[th] May 2022 and signed on its behalf by:
……………………………
Mr. Stephen R Wilkinson Chair of Board of Trustees
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF NEWBIGGIN ARTS CENTRE
For the year ended 31 December 2021
I report on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 7.
RESPECTIVE RESPONSIBITIES OF TRUSTEES AND EXAMINER
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for the period under section 144 [ 2 ] of the Charities Act 2011 [ the 2011 Act ] and that an independent examination is required.
It is my responsibility to examine the accounts under section 145 of the 2011 Act and to follow the procedures laid down in the general direction given by the Charity Commission under section 145 [ 5] [ b ] of the 2011 Act and to state whether any particular matter has come to my attention.
BASIS OF INDEPENDENT EXAMINIER REPORT
My examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 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
In connection with my examination, no matter has come to my attention that would give me reasonable cause to believe that in any material respect the requirement to keep accounting records in accordance with section 130 of the 2011 Act and to prepare the accounts which accords with the accounting records and comply with the accounting requirement of the 2011 Act have not been met, or to which in my opinion attention should be drawn in order for a proper understanding of the accounts to be reached.
R. A. James Northumberland CVA 107-109 Station Road Ashington Northumberland NE63 8RS
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NEWBIGGIN ARTS CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted | Restricted Total | Restricted Total | 2020 | |
|---|---|---|---|---|
| Income | Income | Funds | Prior Year | |
| Funds | Funds | Funds | ||
| £ | £ |
£ | £ | |
| INCOME AND ENDOWMENTS FROM | ||||
| Grants | 12,336 | 27,507 | 39,843 | 14,687 |
| Workshops and Sales | 10,600 | - |
10,600 | 3,456 |
| ______ | __ _____ | ______ | ||
| TOTAL | 22,936 | 27,507 | 50,443 | 18,143 |
| ______ | __ _____ | _ | ||
| EXPENDITURE ON; | ||||
| Charitable Activities | 9,446 | 27,507 | 36,953 | 9,499 |
| Other | 200 | - |
200 | 50 |
| _ | ______ | ______ | _ | |
| TOTAL | 9,646 | 27,507 | 37,153 | 9,549 |
| _ | ______ | _ | __ | |
| NET INCOME/ EXPENDITURE | 13,290 | - | 13,290 | 8,594 |
| RECONCILATION OF FUNDS | ||||
| Total Funds brought forward | 8.918 | - |
8,918 | [ 164] |
| Funds from another Charity | - | - | - | 488 |
| ___ | _ | _ | ___ | |
| TOTAL Funds carried forward | 22,208 | - | 22,208 | 8,918 |
| _ | _ | ______ | __ |
The Statement of Financial Activities includes all gains and losses in the year from all incoming resources and expenditure from continuing activities.
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NEWBIGGIN ARTS CENTRE
| BALANCE SHEET | AS AT 31 DECEMBER 2021 | AS AT 31 DECEMBER 2021 | AS AT 31 DECEMBER 2021 | |
|---|---|---|---|---|
| Unrestricted Restricted 2021 | 2020 | |||
| Income | Income | Total | Prior Year | |
| Funds | Funds | Funds | Funds | |
| £ |
£ |
£ | £ | |
| CURRENT ASSETS | ||||
| Cash at Bank/in Hand | 19,300 | 1,576 | 20,876 | 7,001 |
| Stock | 2,908 | - |
2,908 | 1,917 |
| _ | _ | _ | _ | |
| 22,208 | 1,576 | 23,784 | 8,918 | |
| CREDITORS | ||||
| Amounts falling due in one year | - | 1,576 | 1,576 | - |
| __ | ______ | ______ | _ | |
| NET CURRENT ASSETS | 22,208 | - |
22,208 | 8,918 |
| _ | _ | _ | _ | |
| FUNDS OF THE CHARITY | ||||
| Restricted Income Funds | _ |
- | _ | _ |
| Unrestricted Income Funds | 22,208 | - |
22,208 | 8,918 |
| ______ | ______ | _ | __ | |
| TOTAL FUNDS |
22,208 | - |
22,208 | 8,918 |
| _ | _ | _ | __ |
The Financial Statements were approved by the Board of Trustees on the 30[th] May 2022. and were signed on its behalf by;
Mr. Stephen R Wilkinson Chair of Board of Trustees
The notes on pages 8 to 11 form part of the Financial Statements
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NEWBIGGIN ARTS CENTRE
A Charitable Incorporated Organization
Notes to the Unaudited Financial Statements for the year ended 31 December 2021
1 BASIS OF PREPARATION
These Financial Statements have been prepared under the historic cost convention with items recognized at cost of transaction unless otherwise stated in the relevant notes to these accounts.
The charity constitutes a public benefit entity as defined by FRS 102. The Financial Statements have been prepared on the going concern basis, which assumes that the charity will continue in operational existence for the foreseeable future.
2 ACCOUNTING POLICIES
Income
All incoming resources are included in the Statement of Financial Activities once the charity has entitlement to the income and the amount can be qualified with reasonable accuracy.
Expenditure
All expenditure is accounted for as soon as there is a legal constructive obligation committing the charity to that expenditure. Depreciation
No depreciation is charged in these accounts, because Capital Equipment or new fixtures and fittings are written off in the year of purchase. Fixtures and Fittings
No value has been included in these Financial Statements for the market value of Fixtures and Equipment that may have been written off in the Financial Statements. Taxation
As a charity Newbiggin Arts Centre is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxable of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. Fund Accounting
Unrestricted funds can be used in accordance to the charitable objectives of the charity at the direction of the Trustees.
Restricted funds can only be used within the objectives of the charity and/or as specified by the donor or when funds are raised for a specific purpose.
Financial Reporting Standard 102 Reduced Disclosure Exemption
The charity has taken advantage of the following disclosure exemptions in preparing these Financial Statements as permitted by FRS 102: [ The Financial Reporting Standards applicable to the UK and the Republic of Ireland ]
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The requirement of section 7 Statement of Cash Flow NEWBIGGIN ARTS CENTRE
A Charitable Incorporated Organization Notes to the Unaudited Financial Statements for the year ended 31 December 2021
| 3 INCOME |
||||
|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | |
| Unrestricted | Restricted | Unrestricted | Restricted | |
| Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | |
| Workshop Fees/Sales Materials | 10,600 | - | 3,456 | - |
| Covid Grants | 12,336 | - | 11,334 | - |
| Other Grants | - | 27,507 | - | 3,353 |
| _____ | ______ | ______ | ______ | |
| Total | 22,936 | 27,507 | 14,790 | 3,353 |
| _____ | _____- | ______ | _ | |
| 4 EXPENDITURE |
||||
| Art Material/Projects cost | ||||
| Refurbishment/equipment | ||||
| and new fittings re new premises - | 24,537 | - | 1,295 | |
| Art Material and Workshop cost | 2,400 | - | 1,210 | 458 |
| Administration Cost |
979 | 1,470 | 83 | 100 |
| Premises Cost | 6,067 | 1,500 | 4,853 | 1,500 |
| ______ | ______ | ______ | _ | |
| 9,446 | 27,507 | 6,146 | 3,353 | |
| OTHER EXPENDITURE | ||||
| Independent Examiner’s fee | 200 | - | 50 | - |
| _ | _ | __ | __ | |
| Total Resources Expended | 9,646 | 27,507 | 6,196 | 3,353 |
| _ | _ | _ | __ |
5 STAFF COST
There were no employees in this financial year.
| 6 CASH AT BANK |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Designated Funds | 1,576 | - |
| Unrestricted Funds | 19,244 | 6,851 |
| Cash in Hand | 56 | 150 |
| _ | ______ |
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Total
20,876 7,001 NEWBIGGIN ARTS CENTRE
A Charitable Incorporated Organization
Notes to the Unaudited Financial Statements for the year ended 31 December 2021
7 DEBTORS There were no outstanding fees/debtors as at 31 December 2021
| 8 CREDITORS |
||
|---|---|---|
| 2021 | 2020 | |
| All due for payment within one year | ||
| Restricted Funds | ||
| Deferred Income | 1,576 | none |
| ______ | ______ | |
| 9 CHARITY FUNDS |
||
| Funds B/F Incoming | Expended Funds C/f |
|
| 01,01,21 Resources | Resources 31.12.21 |
|
| Unrestricted Funds | 8,918 22,936 | 9,646 22,208 |
| Restricted Funds | 29,963 | 27,507 1,576 |
| Note the 1,576 is deferred income | ||
| SUMMARY | 2021. | 2020 |
| £ | £ | |
| Deferred Income 1.1.21 | - | - |
| Unrestricted Income | 22,936 | 14,687 |
| Restricted Income | 29,083 | 3,456 |
| ______ | ______ | |
| 52,019 | 18,143 | |
| Less deferred Income 31,12,21 | 1,576 | - |
| _____ | _____- | |
| Adjusted Income per S.O.F.A | 50,443 | 18,143 |
| _____ | _____ |
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NEWBIGGIN ARTS CENTRE A Charitable Incorporated Organization
Notes to the Unaudited Financial Statements for the year ended 31 December 2021
9 GRANTS RECEIVED RESTRICTED FUNDS
| Incoming | Expended | Deferred | |
|---|---|---|---|
| Resources | Resources | Income | |
| £ | £ | £ | |
| Northumberland CC Community Chest | 4,600 | 4,600 | - |
| Coalfields Regeneration Trust | 9,280 | 9,280 | - |
| The Rothley Trust | 800 | 800 | - |
| Sir James Knott Trust | 4,600 | 4,528 | 72 |
| Digital Skills Fund | 1,814 | 1,814 | - |
| Northumberland CC Micro Grant | 500 | 37 | 463 |
| The Ridley Family Charity | 3,840 | 3,840 | - |
| The Joicey Trust | 1,800 | 1,759 | 41 |
| Catherine Cookson Charitable Trust | 250 | 250 | - |
| The Mercy Project | 1,000 | - | 1,000 |
| Newbiggin Town Council | 300 | 300 | - |
| Lakes & Dales Co-Op Community Grants | 299 | 299 | - |
| ______ | _____ | ______ | |
| Totals |
29,083 | 27,507 | 1,576 |
__ _ ______
In this financial year grants were received towards the running cost of the charity and towards the refurbishment of new premises and for upgrading of the existing premises. Grants which were received towards the cost of new equipment, fixtures and fittings were written off in the statement of Financial Activities. No estimates have been included in these Financial Statements for the possible residual market value of any capital item which because of the grants received, no cost was incurred by the charity.
The charity also received in this financial year Covid grants of £12,336, these grants were regarded as unrestricted funds in these accounts.
10 Charity Funds
2021 2020 £ £ The net Assets of the charity are; Restricted Funds - - Unrestricted Funds 22,208 8,918
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_ ___
Newbiggin Arts Centre
A Charitable Incorporated Organization
The following page do not form part of the statutory accounts
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Newbiggin Arts Centre A Charitable Incorporated Organization
SUMMARY OF THE ALLOCATION OF EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2021
| Total | Unrestricted | Restricted | |
|---|---|---|---|
| Expenditure | Funds | Funds | |
| £ | £ | £ | |
| Rents | 6,939 | 5,509 | 1,430 |
| Electricity | 628 | 558 | 70 |
| Telephone | 391 | 391 | - |
| Purchases Art Materials | 2,052 | 981 | 1,071 |
| Workshop Supplies | 5,129 | 2,329 | 2,800 |
| Office Supplies | 1,815 | 345 | 1,470 |
| Accountancy Fees | 200 | 200 | - |
| Sundry Expenses | 324 | 324 | - |
| Grant Expenditure |
20,666 | - |
20.666 |
| Less Adjustment to Stock | |||
| Held at 31.12.21 | [ 991] | [ 991 ] | - |
| _ | _ | _ | |
| Total as per S.O.F.A | 37,153 | 9,646 | 27,507 |
| _ | _ | _ |
NOTE;
The payment to Artist for the sale of their paintings of £3,276 was deducted from the revenue received for these works, and therefore only the net income was charged in the Income section of the financial accounts
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