|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|
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||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|
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|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||
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|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|
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|+
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
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