| Pages | ||
|---|---|---|
| Trustees' Annual Report | ||
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Summary Income and ExpenditureAccount | 8 | |
| Balance Sheet | 9 | |
| Notes to the Accounts | 10to | 16 |
| Detailed Statement of Financial Activities | 17 to | 18 |
| fortheyear ended 25 March 2 | 023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | |||||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 4 | 1,241 | 1,241 | 166 | |
| Other tradingactivities | 5 | 40,408 | 40,408 | 37,133 | |
| Investments | 6 | 68 | 68 | 4 | |
| Other | 7 | 13,903 | 13,903 | 49,817 | |
| Total | 55,620 | 55,620 | 87,120 | ||
| Expenditure on: | |||||
| Raising funds | 8 | 19,360 | 19,360 | 45,677 | |
| Other | 9 | 46,075 | 46,075 | 55,096 | |
| Total | 65,435 | 65,435 | 100,773 | ||
| Net gains on investments | |||||
| Net expenditure | 10 | (9,815) | (9,815) | (13,653) | |
| Transfers betweenfunds | |||||
| Net expenditure before other gains/(losses) |
(9,815) | (9,815) | (13,653) | ||
| Other gains and losses | |||||
| Net movement in funds | (9,815) | (9,815) | (13,653) | ||
| Reconciliation of funds: | |||||
| Total funds brought forward | 53,959 | 15,000 | 68,959 | 82,612 | |
| Totalfunds carried forward | 44,144 | 15,000 | 59,144 | 68,959 |
| 2023 | 2022 | |
|---|---|---|
| Income | 55,552 | 87,116 |
| Interest and investment income | 68 | 4 |
| Gross income for the year | 55,620 | 87,120 |
| Expenditure | 64,338 | 99,676 |
| Depreciation and charges for | ||
| impairment offixed assets | 1,097 | 1,097 |
| Total expenditure fortheyear | 65,435 | 100,773 |
| Net expenditure before tax for the year | (9,815) | (13,653) |
| Net expenditure for the year | (9,815) | (13,653) |
| Company No. | 08463076 | Notes | 2023 | 2022 |
|---|---|---|---|---|
| E | ||||
| Fixed assets | ||||
| Tangible assets | 12 | 127 | 1,224 | |
| 127 | 1,224 | |||
| Current assets | ||||
| Debtors | 13 | 1,540 | 9,130 | |
| Cash at bank | and in hand | 60,701 | 62,853 | |
| 62,241 | 71,983 | |||
| Creditors: Amountfalling due within one year | 14 | (3,224) | (4,248) | |
| Net current assets | 59,017 | 67,735 | ||
| Total assets less | current liabilities | 59,144 | 68,959 | |
| Net assets excluding pension asset or liability | 59,144 | 68,959 | ||
| Total net assets | 59,144 | 68,959 | ||
| The funds ofthe | charity | |||
| Restrictedfunds | 15 | |||
| Restricted income funds | 15,000 | 15,000 | ||
| 15,000 | 15,000 | |||
| Unrestricted funds | 15 | |||
| General funds | 44,144 | 53,959 | ||
| 44,144 | 53,959 | |||
| Reserves | 15 | |||
| Total funds | 59,144 | 68,959 |
| Fund accounting | |
|---|---|
| Unrestrictedfunds | These are available for use at the discretion of the trustees in furtherance of the |
| general objects of the charity. | |
| Designated funds | These are unrestricted funds earmarked by the trusteesfor particular purposes. |
| Revaluation funds | These are unrestricted funds which include a revaluation reserve representing the |
| restatementof investment assets at their market values. | |
| Restricted funds | These are available for use subject to restrictions imposed by the donor orthrough |
| terms of an appeal. | |
| Income | |
| Recognition of | Income is included in the Statement of Financial Activities (SOFA) when the charity |
| income | becomes entitled to, and virtually certain to receive, the income and the amountof |
| the income can be measured with sufficient reliability. | |
| Income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SoFA. |
| Donations and | Voluntary income received by way of grants, donations and gifts is included in the |
| legacies | the SOFA when receivable and onlywhenthe Charity has unconditional |
| entitlement to the income. | |
| Tax reclaims on | Income from tax reclaims is included in the SoFA at the same time as the |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable and |
| material. | |
| Volunteer help | The value of anyvolunteer help received is not included in the accounts. |
| Investmentincome | This is included in the accounts when receivable. |
| Gains/(losses) on | This includes any gain or loss resulting from revaluing investments to market value |
| revaluation offixed | at the end of the year. |
| assets | |
| Gains/(losses) on | This includes any gain or loss on the sale of investments. |
| investment assets |
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Unrestricted | Restricted | ||
| funds | funds | Total funds | |
| 2022 | 2022 | 2022 | |
| Income and endowments from: | |||
| Donations and legacies | 166 | 166 | |
| Othertrading activities | 37,133 | 37,133 | |
| Investments | 4 | 4 | |
| Other | 34,817 | 15,000 | 49,817 |
| Total | 72,120 | 15,000 | 87,120 |
| Expenditure on: | |||
| Raising funds | 45,677 | 45,677 | |
| Other | 55,096 | 55,096 | |
| Total | 100,773 | 100,773 | |
| Net income | (28,653) | 15,000 | (13,653) |
| Transfers betweenfunds | 200 | (200) | |
| Netincome before other | |||
| gains/(losses) | (28,453) | 14,800 | (13,653) |
| Other gains and losses: | |||
| Net movement in funds | (28,453) | 14,800 | (13,653) |
| Reconciliation of funds: | |||
| Total funds brought forward | 82,412 | 200 | 82,612 |
| Total funds carried forward | 53,959 | 15,000 | 68,959 |
| Income from donations and legacies | |||
|---|---|---|---|
| Unrestricted | Total | Total | |
| 2023 | 2022 | ||
| E | |||
| Donations | 1,241 | 1,241 | 166 |
| 1,241 | 1,241 | 166 |
| 5 | Income from other trading activities | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Event income and room hire | 27,051 | 27,051 | 28,665 | |
| Parking and storage rent | 13,357 | 13,357 | 8,468 | |
| 40,408 | 40,408 | 37,133 | ||
| 6 | Income from investments | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Deposit accountinterest | 68 | 68 | 4 | |
| 68 | 68 | 4 | ||
| 7 | Other income | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Grants | 13,903 | 13,903 | 49,817 | |
| 13,903 | 13,903 | 49,817 | ||
| 8 | Expenditure on raising funds | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Fundraising trading costs | ||||
| Purchases | 2,462 | 2,462 | 814 | |
| Other direct costs | 16,898 | 16,898 | 44,863 | |
| 19,360 | 19,360 | 45,677 | ||
| 9 | Otherexpenditure | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Premises costs | 25,024 | 25,024 | 25,969 | |
| Amortisation, depreciation, | ||||
| impairment, profit/loss on | 1,097 | 1,097 | 1,097 | |
| disposal offixed assets | ||||
| General administrative costs | 2,387 | 2,387 | 3,569 | |
| Legal and professional costs | 17,567 | 17,567 | 24,461 | |
| 46,075 | 46,075 | 55,096 |
| 10 | Net expenditure beforetransfers | ||
|---|---|---|---|
| 2023 | 2022 | ||
| This is stated after charging: | E | ||
| Depreciation ofowned fixed assets | 1,097 | 1,097 | |
| 11 | Staff costs | ||
| No employee received emoluments in excess of f60,000. | |||
| 12 | Tangible fixed assets |
| Plant and | Fixtures& | Computer | Total | ||
|---|---|---|---|---|---|
| machinery | fittings | equipment | |||
| Cost or revaluation | |||||
| At 26 March 2022 | 1,151 | 3,032 | 205 | 4,388 | |
| At 25 March 2023 | 1,151 | 3,032 | 205 | 4,388 | |
| Depreciation and | |||||
| impairment | |||||
| At 26 March 2022 | 736 | 2,274 | 154 | 3,164 | |
| Depreciation charge for the | 288 | 758 | 51 | 1,097 | |
| year | |||||
| At 25 March 2023 | 1,024 | 3,032 | 205 | 4,261 | |
| Net book values | |||||
| At 25 March 2023 | 127 | 127 | |||
| At 25 March 2022 | 415 | 758 | 51 | 1,224 | |
| 13 | Debtors | ||||
| 2023 | 2022 | ||||
| Trade debtors | 1,540 | 9,130 | |||
| 1,540 | 9,130 | ||||
| 14 | Creditors: | ||||
| amounts falling due within one year | |||||
| 2023 | 2022 | ||||
| Trade creditors | 2,204 | 3,204 | |||
| Othercreditors | 420 | 420 | |||
| Accruals | 600 | 624 | |||
| 3,224 | 4,248 |
| 15 | Movement in funds | ||||
|---|---|---|---|---|---|
| Incoming | |||||
| At | 26 March | resources (including other gains/losses |
Resources expended |
At 25 March 2023 |
|
| 2022 | |||||
| E | |||||
| Restricted funds: | |||||
| Restricted income funds: | |||||
| Capital works fund | 15,000 | 15,000 | |||
| Total | 15,000 | 15,000 | |||
| Unrestricted funds: | |||||
| General funds | 53,959 | 55,620 | (65,435) | 44,144 | |
| Totalfunds | 68,959 | 55,620 | (65,435) | 59,144 | |
| Purposes and restrictions in relation to the funds: | |||||
| Restricted funds: | |||||
| Capital works fund | |||||
| 16 | Analysis of net assets betweenfunds | ||||
| Unrestricted | Restricted | ||||
| Total | |||||
| funds | funds | ||||
| Fixed assets | 127 | 127 | |||
| Net current assets | 44,017 | 15,000 | 59,017 | ||
| 44,144 | 15,000 | 59,144 | |||
| 17 | Reconciliation of net debt | ||||
| At 25 | |||||
| At 26 March | March | ||||
| 2022 | Cash flows | 2023 | |||
| Cash and cash equivalents | 62,853 | (2,152) | 60,701 | ||
| 62,853 | (2,152) | 60,701 | |||
| Net debt | 62,853 | (2,152) | 60,701 | ||
| 18 | Related partydisclosures | ||||
| Controllingparty |
| for the year ended 25 March 2023 | ||||
|---|---|---|---|---|
| Unrestricte | ||||
| d funds | Totalfunds | Totalfunds | ||
| 2023 | 2023 | 2023 | 2022 | |
| Income and endowments from: | ||||
| Donations and legacies | ||||
| Donations | 1,241 | 1,241 | 166 | |
| 1,241 | 1,241 | 166 | ||
| Other tradingactivities | ||||
| Event income and room hire | 27,051 | 27,051 | 28,665 | |
| Parking and storage rent | 13,357 | 13,357 | 8,468 | |
| 40,408 | 40,408 | 37,133 | ||
| Investments | ||||
| Deposit account interest | 68 | 68 | 4 | |
| 68 | 68 | 4 | ||
| Other | ||||
| Grants | 13,903 | 13,903 | 49,817 | |
| 13,903 | 13,903 | 49,817 | ||
| Total income and endowments | 55,620 | 55,620 | 87,120 | |
| Expenditure on: | ||||
| Costs ofother tradingactivities | ||||
| Purchases | 2,462 | 2,462 | 814 | |
| Other direct costs | 16,898 | 16,898 | 44,863 | |
| 19,360 | 19,360 | 45,677 | ||
| Total ofexpenditure on raising funds |
19,360 | 19,360 | 45,677 | |
| Premises costs | ||||
| Rent | 1,200 | 1,200 | 1,200 | |
| Rates | 360 | |||
| Light, heat and power | 2,375 | 2,375 | 607 | |
| Premises cleaning | 5,426 | 5,426 | 4,292 | |
| Premises insurances | 6,674 | 6,674 | 5,209 | |
| Premises repairs and maintenance |
9,349 | 9,349 | 14,301 | |
| 25,024 | 25,024 | 25,969 | ||
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Depreciation of Plant and | ||||
| 288 | 288 | 288 | ||
| machinery | ||||
| Depreciation of Fixtures &fittings | 758 | 758 | ||
| Depreciation ofComputer | 51 | 51 | 809 | |
| equipment |
| The Spire Arts Limited | ||||
|---|---|---|---|---|
| Detailed Statement of Financial Activities | ||||
| Bank charges | 21 | |||
| Exchange rate (gain)/loss | 597 | 597 | 1,849 | |
| Software, ITsupportand related | 368 | 368 | 532 | |
| costs | ||||
| Stationery and printing | 8 | 8 | 8 | |
| Subscriptions | 323 | 323 | 386 | |
| Sundry expenses | 32 | 32 | 13 | |
| Telephone, fax and broadband | 1,059 | 1,059 | 760 | |
| 3,484 | 3,484 | 4,666 | ||
| Legal and professional costs | ||||
| Audit/lndependent examination | 438 | 438 | 948 | |
| fees | ||||
| Management charges | 17,129 | 17,129 | 20,813 | |
| Other legal and professional | 2,700 | |||
| costs | ||||
| 17,567 | 17,567 | 24,461 | ||
| Total ofexpenditure ofother costs | 075 | 46,075 | 55,096 | |
| Totalexpenditure | 65,435 | 65,435 | 100,773 | |
| Net gains on investments | ||||
| Net expenditure | (9,815) | (9,815) | (13,653) | |
| Net expenditure before other gains/(losses) |
(9,815) | (9,815) | (13,653) | |
| Other Gains | ||||
| Net movement in funds | (9,815) | (9,815) | (13,653) | |
| Reconciliation of funds: | ||||
| Totalfunds brought forward | 53,959 | 15,000 | 68,959 | 82,612 |
| Totalfunds carried forward | 44,144 | 15,000 | 59,144 | 68,959 |