| t. lntroduction........ | ..............3 |
|---|---|
| 2.Chair's ReportfromHenriettaBoex... | .....................4 |
| 3.Areport fromJoWillis,CreativeDirector............ | ..................4 |
| 4.AReportfromColin Curbishley,Facilitator..... | .....................6 |
| 5.Studioupdate-LouBrett&PhoebeBarnicoat......... | ........7 |
| 6.Shallal Sketchbooks- ClaireMayle.... | .....10 |
| 7.Shallal MissionStatement............ | ...........11 |
| 8.Charitable Objects(whatShallalisheretodo).... | .....--.---.12 |
| 9.Shallalaimsto........... | ........--..--...-.12 |
| 10.Whoislnvolved........... | ................13 |
| !t.PartnerswhohelpShallal... | ......13 |
| 12.Professionallnformation........ | .....---.......-..L4 |
| !3.NamesofCharity Trustees........ | -.....-......14 |
| 74.Contributionmadebyvolunteers...... | ""14 |
| 15.FinancialReview | ...---....16 |
| 16.lndependentExaminersReporttotheTrusteesofSha11a1.................----------17 | |
| 17.StatementofFinancialActivities........... | """"""""1'8 |
| 18.BatanceSheet | """""""'19 |
| L9.NotestotheAccounts............ | "'2O |
| 20.Appendix1ShallalsDiary2t/22 | """"""32 |
| for theyear | ended 31August20 | 22 | |||
|---|---|---|---|---|---|
| Unrestrict | Restricted | Total | Total | ||
| edfunds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | f | f | f. | f. | |
| Incomeand endowments | |||||
| from: | |||||
| Donationsand legacies | 4 | 2,631 | l,gg2 | 4,523 | 4,926 |
| Charitableactivities | 5 | 8,009 | 209,837 | 217.846 | 229,898 |
| Investments | 6 | 11 | 11 | ||
| Total | 10,651211,729 | 222,380 | 234,824 | ||
| Expenditureon: Charitableactivities |
7 | 20,2t9 | 220,400 | 240,619 | 234,654 |
| Total | 20,219220,400 | 240,619 | 234,654 | ||
| Netgains on investments | |||||
| Net(expenditure)/income | 8 | (9,568) | (8,671) | (18,239) | 170 |
| Transfers between funds | 5,000 | (5,000) | |||
| Net(expenditure)/income beforeother |
(4,568)(13,671) | (18,239) | 170 | ||
| gains/(losses) | |||||
| Othergains andlosses: | (4,568)(13,67l) | (18,239) | 170 | ||
| Net movementinfunds | |||||
| Reconciliation of funds: | 12,704 83,641 | 96,345 | 96,175 | ||
| Totalfunds brought | |||||
| forward | 8,136 | 69,970 |
78,106 | 96,345 | |
| Total funds carried | |||||
| forward |
| at | 31August2022 | 31August2022 | ||
|---|---|---|---|---|
| Notes | 2022 |
2021 | ||
| f | f, | |||
| Fixedassets | ||||
| Tangibleassets | 10 | 5.190 | 2,944 | |
| 5,190 | 944 2 |
|||
| Currentassets | ||||
| Debtors | 11 | t45 | 6,425 | |
| Cash atbankandinhand | 85,421 | 94,561 | ||
| 85,566 | 100,986 | |||
| Creditors:Amountfallingduewithinoneyear | l2 | (12,650) | (7,585) | |
| Netcurrentassets | 72,916 | 93,401 | ||
| Totalassets lesscurrent liabilities | 78,106 | 96,345 | ||
| Netassetsexcludingpensionassetorliability | 78,106 | 96,345 | ||
| Totalnetassets | 78,106 | 96,345 | ||
| Thefundsof thecharity | ||||
| Restricted funds | 13 | |||
| Restricted income funds | 69,970 | 83,641 | ||
| 69,970 | 83,641 | |||
| Unrestricted funds | 13 | |||
| General funds | 2,946 | 10,904 | ||
| Designated funds | 5,190 | 1,800 | ||
| 9,136 | 12,104 | |||
| Totalfunds | 78,106 | 96,345 |
| Unrestricte funds Designated |
dThese areavailableforuseatthediscretion ofthetrusteesinfurtheranceofthe generalobjectsofthecharity. |
|---|---|
| lunds | These areunrestricted fundsearmarkedbythe trusteesfor particularpurposes. |
| Revaluation | These areunrestricted fundswhich includearevaluationreserverepresentingthe |
| funds | restatementofinvestmentassets attheirmarket values. |
| Restricted | Theseare avarlableforusesubjectto restrictionsimposed by the donoror |
| funds | through termsofanapPeal. |
| lncome | |
|---|---|
| Recognitionof | Income isincluded intheStatementof FinancialActivities(SoFA)when the |
| income | charitybecomesentitledto,andvirtuallycertaintoreceive, the incomeandthe amountofthe incomecan be measuredwithsufficientreliability. |
| Incomewith related |
Where incomehasrelated expenditure the incomeandrelated expenditure is reportedgrossinthe SoFA. |
| expenditure | |
| Donationsand legacies |
Voluntaryincome received bywayofgrants,donationsandgifisisincluded in thethe SoFA when receivableandonlywhen theCharityhasunconditional |
| entitlement to the income. | |
| Tax reclaims on | Incomefromtax reclaimsisincludedinthe SoFAatthesametimeasthe |
| donationsand | gift/donation to whichitrelates. |
| gifts Donated servicesand lacilities |
These areonly includedinincome(withanequivalent amountinexpenditure) where the benefittotheCharityis reasonablyquantifiable,measurable and material. |
| Volunteerhelp | The valueofany volunteerhelp received is notincluded intheaccounts. |
| Investment | Thisis includedintheaccountswhen receivable. |
| income | |
| Gains/(losses) | Thisincludes any gain orlossresultingfrom revaluinginvestmentstomarket |
| onrevaluation | valueattheendoftheyear. |
| offixedassets | |
| Gains/(losses) | Thisincludes any gain or lossonthesaleofinvestments. |
| on investment | |
| assets | |
| Expenditure | |
| Recognitionof expenditure |
Expenditure is recognised onanaccrual'sbasis.Expenditure includesany VATwhichcannotbefullyrecoveredandis reportedaspartofthe expenditure towhich itrelates. |
| Expenditure on raisingfunds Expenditure on charitable activities |
Thesecomprise thecosts associatedwithattractingvoluntaryincome, fundraising tradingcosts andinvestment managementcosts. Thesecomprise thecostsincurredbytheCharity inthedelivery of its activities and servicesinthe furtheranceof itsobjects,includingthemaking ofgrantsand governancecosts. |
| Grants payableA11grant expenditureis accountedforonanactual paidbasisplusanaccrualfor | |
| grantsthathave beenapproved by thetrustees attheendoftheyearbut not yet | |
| Paid. | |
| GovernanceTheseincludethose costs associatedwithmeeting theconstitutionaland | |
| costs | statutory requirementsoftheCharity, includingany audit/independent |
| examinationfees, costslinkedtothe strategic managementoftheCharity, | |
| togetherwitha shareofotheradministrationcosts. | |
| Other | These aresupportcostsnotallocatedtoaparticular activity. |
| expenditure |
| 3StatementofFinancialActivities-pr | ioryear | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2A2l | 2021 | |
| g | f. | f, | |
| Incomeand endowments | |||
| from: | |||
| Donationsand legacies | 2,792 | 2.r34 | 4,926 |
| Charitableactivities | 3,356 | 226,542 | 229,898 |
| Total | 6,148 | 228,676 | 234,824 |
| Expenditureon: Charitableactivities |
11,345 | 223,309 | 234,654 |
| Total | 11,345 | 223,309 | 234,654 |
| Net income | (5,t97) | 5,367 | 170 |
| Transfers between funds | 3,368 | (3,368) | |
| Net income beforeother gains/(losses) |
(1,829) | 1,999 | t70 |
| Othergainsandlosses: | |||
| Net movementinfunds | (1,829) | t,999 | 170 |
| Reconciliationoffunds: | |||
| Totalfunds brought forward |
14,534 | 81,641 | 96,175 |
| Total funds carried forward |
72,745 | 93,640 | 96,345 |
| 4 | 19.NOTEST Incomefromdonationsand legacies |
O THE ACCOU | NTS | ||
|---|---|---|---|---|---|
| Unrestricted | |||||
| Restricted | Total | Total | |||
| 2022 | 2021 | ||||
| f, | f, | *. | f, | ||
| DonationsandLegacies | 2,63L 2,631 |
7,892 1,892 |
4,523 4,523 |
4,926 4,926 |
|
| 5 | Incomefromcharitatrle activities | ||||
| Unrestricted | |||||
| Restricted | Total | Total | |||
| 2422 | 2021 | ||||
| f. | f. | f | f, | ||
| GrantIncome | |||||
| ArtsCouncil | 14,833 | ||||
| Awards forAll | 17,380 | ||||
| ClaireMilneTrust | 15,000 | 15,000 | |||
| Comwall Community | 4,770 | ||||
| Foundation | |||||
| Henry Smith Charity | 58,700 | 58,700 | 34,100 | ||
| Neighbourhood Trust | 24,000 | 24,040 | 19,978 | ||
| RC Business Manager Funding |
23,708 | ||||
| ReachingCommunities Emergency Fund |
83,211 | 83,211 | 84,477 | ||
| RTRFoundation | (8s0) | (8s0) | 25,331 | ||
| SmallGrantsunder f10k |
s00 | 19,616 | 20,116 | 2,025 | |
| PrimoryPurpose | |||||
| Trading | |||||
| WorkshopsFees ParticipantsFees |
1,485 5,047 |
9,350 810 |
10,835 5,857 |
3,103 | |
| ArtistSales/ | 657 | 657 | 40 | ||
| Commissions | |||||
| 53 | |||||
| PoetryBookSales Other charitable income |
324 8,009 |
209,837 |
324 217,846 |
160 229,898 |
|
| 6 | Incomefrominvestments | ||||
| Unrestricted | Total | Total | |||
| 2022 | 2021 | ||||
| f, | f | t, | |||
| Interest on cash/bank | 11 | 11 | |||
| deposits | |||||
| l1 | 11 |
| Expenditureoncharitable activities |
||||
|---|---|---|---|---|
| Unrestricted | ||||
| Restricted | Total | Total | ||
| 2022 | 2021 | |||
| f, | f. | f | g | |
| Directexpenditureon | ||||
| charitable activities | ||||
| FacilitatorFees | 1.,604 | 85,917 | 87,521 | 99,676 |
| Artists&Performance Fees |
5,020 | 5,020 | 3,700 | |
| ArtMaterials | 1.028 | 3,530 | 4,558 | 3,738 |
| VenueHire | 100 | 6,934 | 7,034 | 2,132 |
| Costume | 208 | 208 | 142 | |
| Evaluation | 5,250 | s?50 | 3,740 | |
| CreativeDirector | 4,255 | 7,650 | 11,905 | 8,560 |
| studiosraff | 4,842 | 4,842 | 7,290 | |
| SupportCosts | ||||
| Wages | 27,625 | 27,625 | 15,730 | |
| Stafftraining | 125 | 1,040 | 1,165 | 1,355 |
| Traveland subsistence | 299 | 15,123 | 15,422 | 11,534 |
| Rent&rates | 6,908 | 6,908 | 6,700 | |
| Insurance | 7,523 | 1,523 | 899 | |
| Repairs&renewals | 63 | 63 | ||
| ITexpenses | 100 | 100 | ||
| Printing,postage and | 303 | 304 | 607 | 3,039 |
| stationary | ||||
| Subscriptions sundryexpenses |
900 489 |
q)5) | 900 9,741 |
886 6,408 |
| Marketingand promotion Consultancyfees |
8,025 105 |
8,986 29,017 |
17,0Il 101)) |
28,693 26,120 |
| Legalandprofessional | 1,200 | 200 | 1,400 | 3,165 |
| fees | ||||
| Bankcharges | 93 | 93 | 84 | |
| Depreciation | 736 | 736 | ||
| Governancecosts | ||||
| Accountancyfees | 134 | r56 | 290 | 88 |
| Independent examinationofthe |
60 | 915 | 975 | 975 |
| charity'saccounts | 20,219 | 220,400 | 240,619 | 234,654 |
| 19.NOTESTO THE A Net (expenditure)/incomebefore transfers |
CCOUNTS | |
|---|---|---|
| 2022 | 2021 | |
| This isstatedafter charging: | f, | f, |
| Depreciation ofownedfixedassets | 736 | |
| Staffcosts | ||
| Salaries and wages | 27,625 | 15,730 |
| 27 625 | 15,730 |
employeesduringtheyear wasasfollow |
s: |
|
|---|---|---|
| 2022 | 2021, | |
| Number | Number | |
| Charitableactivities | 1 | 1 |
| 1 | I |
| Camera andMusic Equipment |
Fixturesand Fittings |
Computer Equipment |
Total | |
|---|---|---|---|---|
| f | f | € | E | |
| Costorrevaluation | ||||
| At1September2021 | 98s | 221 | 3,382 | 4,588 |
| Additions At31August2022 |
1,624 _2.@5 |
221 | 1,362 4,744 |
2,982 7,570 |
| Depreciationand | ||||
| impairment | ||||
| At1September2021 | 985 | 221 | 438 | 1,644 |
| Depreciationchargefor | 736 | 736 | ||
| the year | ||||
| At31August2022 | 985 | 22t | 1,174 | 2,380 |
| Netbook values At31August2022 At31August2021 |
_____f@ | 3,570 2,944 |
5,190 2,944 |
|
| 1lDebtors | ||||
| 2022 | 2021 | |||
| f, | f, | |||
| Trade debtors | t45 | 6,425 | ||
| ______1t5 | 6,425 |
| + 19.NOTESTO T Creditors: amountsfallingduewithinoneyear |
HE ACCOUNTS | |
|---|---|---|
| 2022 | 2021 | |
| f, | f | |
| Trade creditors | 9,382 | 2,116 |
| Othertaxes andsocial security | 1,318 | |
| Accrualsanddeferred income | 1,950 | 5,469 |
| ______J2-659 | 7,585 |
| 19 Movementinfunds |
.NOTESTO | THE ACCOUN | TS | |||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| At1 September |
resources (including other gains/losses |
Resources expended |
Gross transfers |
At31 August 2022 |
||
| 202L | ) f |
f | f | f | ||
| Restricted funds: | ||||||
| Restrictedincome | ||||||
| funds: | ||||||
| KnittedTogether | 34,000 | aJ | 000 4 |
|||
| Picture Post/ Sketchbooks |
20.000 | (13,387) | (5,000) | 1,613 | ||
| Cornwall Community | ||||||
| Foundation | 4,770 | 120 | (4,326) | 564 | ||
| Henry Smith Charity | 61,068 | (54,939) | 6,129 | |||
| RCBusiness Manager | ||||||
| Funding | 78,346 | (18,346) | ||||
| ReachingCommunities | ||||||
| Emergency Fund | 20,924 | 83,322 | (78,929) | 25,317 | ||
| Small projects | 9,147 | 7,009 | (14,246) | 1,910 | ||
| UnderworldProject | 30,454 | 6,210 | (36,227) | 437 | ||
| Tatal | 83,641 211,729 | (220,400) | (5,000) | 69,970 | ||
| Unrestricted funds: | ||||||
| Generalfunds | 10,904 10,401 | (18,233) | (126) | 2,946 | ||
| Designatedfunds: | ||||||
| SophieMuirDonation Capital Expenditure |
1,000 800 |
250 | (1,250) (736) |
5,126 | 5,190 | |
| Total | 1,800 | 250 | (1,986) | 5,726 | 5,190 | |
| RevaluationReserves: | ||||||
| Tqtatfunds | 96.345 | 222,380 | (240,619) | __J3]95_ |
| Analysisofnetassetsbetween funds |
|||
|---|---|---|---|
| Unrestricted | Restricted | ||
| funds | funds | ||
| f | s | g | |
| Fixedassets | 5,190 | 5,190 | |
| Netcurrentassets | 2,946 _&135 |
69,970 69,970 |
72,976 78,106 |
Shallal 19. NOTES TQ-HE ACCOUNTS 31