REGISTERED CHARtrf NUMBER: 1167510 Bates Weston LLP Chartered ACAIntants The Mills Canal Slr*l Derby DE1 2RJ
Qonte Fin nclal Ststeme Page Ref•rence and Admlnlstratlv• Detalls Report of th• Tru$t••8 2 to12 Indep•ndent Examln•rf• R•port 13 Statemont of Flnanclal Actlvltl•• 14 Balance She•t 15 Ch Flow Statomont 16 Note8 to the Flnanclal Stat•m•nts 17 to24
Administrative Detai Februa 202 TRUSTEES l Reeves {resigned 30.6.2023) R Salmon -Seuetary K Arnld 30.6.2023) G Saunde Y Mokudu (resoned 14.6.20221 G C Young S Wil8s- Chair (ro$3n0d 30.9.2023) H van Maasakkers Iresjgned 30.9.20231 S R Trimm (apn 16.3.20221 Mrs K Apy(kn lapp(xnted 16.3.20221 PRINCIPAL ADDRESS Haven Way Epsom Surrey KT19 8NP REGISTERED CHARITY NUM8ER 1167510 INDEPENDENT EXAMINER Bates Weston LLP Chartered AcCItants The Mills Canol Stre91 DE12RJ BANKER8 Metrobank 91a HJh Street Ep8om 198DR
the HORTON EPSOM Horton Chapel Arts & Heritage Society Registered Charity 1167510 Annual Report and Accounts for 2022-23 The Horton is a new, vibrant venue for arts and herita8e in Epsom, 5urrey. The formerly semi-derelict Horton Asylum Chapel was saved by re8lStered charity Horton Chapel Arts & Heritage Society IHCAHS), Trust set specifically to undertake the renovation projert and run The Horton as a not-for-profit cultural venue, providing amenities, education and enterprise opportunities for local people. Objectives and activitles The charitable aim5 of The Horton {HCAHS) To preserve Horton Chapel in Epsom, a Grade11 listed building. for the benefit of the public and the herita8e of the local area, by establishing a not-for-profit arts centre wlthin the buildin8 and its associated grounds,. and To promote education in and appreciation of the arts, local history and creative activities that promote well-being. for the public benefit of all ages of people living, worklng and studying in the borough of Epsom and Ewell and its surrounding areas.
About The Horton The Horton, also known as The Horton Arts Centre. is a site of national historical importance. Built In 1901. it has a pioneering history of mental health care and was Europe's first music therapy centre from the 1950s. Following a six-year project to raise funds and renovate the buildin& The Horton officially th opened to the public on 28 April 2022. The venue hosts creative arts workshops. perfomances, community events. and a free-to- access permanent exhibition about the history of Epsom's psychiatric hospital cluster and the people who lived and worked there. The heritage of the site is embedded into the culture of our public programme and retained in the architectural and decorative detail of the building. The Horton's Café provides a community hub where local people can meet, eat and drink together. Our mlssion The Horton draws upon its rich history and seeks to celebrate creativity and incluslvlty. for visitors to learn about local heritage, and enjoy an exciting cultural programme of events. courses. and activities. to be an accessible communlty asset that local people feel proud of, and emotionally Invested In. to explore hlstoric and contemporary issues around mental health and its treatment. Seeking to change attitudes towards mental health, and to be a place where people with Mental health considerations are actively involved and feel safe and welcome. to be a place where creativity is celebrated. and skills development within the creative sector is fostered. for artistic programming to be innovative and high-quality. offering something that 15 not otherwise available in the locality. Activities Summary For most of the period ofthis report (April 2022- February 2023} The Horton was open to the public three or four days per week, whilst renovation works were being completed on days that the building was c105ed. Hence. the staff team and board of trustees were managing project work and operations at the same time. Renovation Projert The period saw completion of most elements of the refurbishment and restoration of the building and was a significant step towards achieving one of the primary charitable aims. This work included but was not limited to=
Cafe-bar and kitchen frt-out Car park completion Acoustic panelling installation Final decoration Internal s18nage Alarm systems and network Accessibility improvements- automatic doors and ramps Outdoor café seatin Operatlonal readine55 Licenses, service a8reements and maintenance contracts were secured, with policies and procedures prepared for safe and complianr operations. Staff were recruited for permanent roles, with training where required. Operational systems were created for activities including but not limited to.. ticketing, payment processin& hospitality, IT and HR. The Horton continued to build relationships with local stakeholders, offering opportunities for skills trainin& including Professional Practice Placements for students from the University for the Creative Arts, work placements for Professional Cookery student5 from NESCOT college. graduate internships in marketing and design, and a Kickstarter role. Launch Public opening of The Horton in April 2022 was marked with an exhibition of original drawing5 by artist Geor8ia Kltty Harris of former patients, 'Portroits of the Unremembered and the launch of a programme of performances. heritage talks, creative workshops and community activlties.
The formal launch event of the renovated building took place in September 2022. with invited guests and supporters marking this highly signrficant milestone in the charitvs history. Community The team at The Horton has continued networking and partnership bulldlng with other local charities and community groups. Phase one of the Young Creative5 project was completed, funded in part by an #Iwill 8rant. This is a scheme the charity would like to build on if funding can be secured. Volunteers were trained in supporting the team with various day-to-day tasks as well as visitor engagement. Creatlve Programme During this reporting period, The Horton hosted Ilve music, dance and theatre performances. films, visual arts courses and workshops, comedy ni8hts, wellbeln8 activities and experiential and heritage events. Programming included: Llve muslc: from Jaz Delorean, Blunter Brothers. Belinda O'Hooley, Cable Street Collective, KinBswood Big Band, The Waldegrave Ensemble. Denman Street Quartet, and many Indlvlduals and duos perfom)In8 at acoustlc Slnger- Songwriter Nights hosted by Dragonfly Sky. Theatre: R¢rn of One's Own by Dyad Produrtions. These Hills Are Ours by Daniel Bye and 8off Whalley, Kinder by Smoking Apples, Bouncers by BlackBox. Scratch Nlght as a platform for early-career performers. VSsual Arts.. life drawin& sheep lrfe drawin& needlefelt, abstract acrylics, watercolour wildlife, rkebana, jewellery-makin& portrait drawing techniques. Children & famity: The Hug and Hulloboloony Moon by Long Nose Puppets, Gronny Pe(Jrl by Jenny Lockyer, creative messy play for toddlers. crazy clay and festive season run of aerial circus show Moonfall from Hikapee Theatre. Heritage: Talks on Epsom's hospital history and Horton as 3 war hospital, Jubilee live and 1952 Hair Salon exhibition to commemorate the Queen's coronation, ramIC flower painting with Frlends of Horton Cemetery in memoryof
those buried in unmarked graves. Spanish Season of dance and music events supported by the Spanish Department of Culture. And much more. Achievements and performance In Marth 2022. just prlor to opening to the public, The Horton was named overall winner of the Surrey Heritage Awards 2022 organised by Surrey HistorSc Buildings Trust with the award presented by Lord-Lieutenant Michael More.Molyneux. In a very short time. The Horton has gained a positive reputatlon for quality and the successful launch of an ambitious vision. The venue Is already seen as a valuable community hub by those who live and work in Epsom and surrounding area5 and Is Increasingly bein8 accessed by people and organlsations from the wider Surrey and South London re81on. DurlnB thls financlal year. primarlty supported by funding from the National Lottery Herltage Fund INLHFI and developer5, Section 106 fundin& administered by Epsom & Ewell Borough Council, we have.. Rescued and restored a herltage asset The projert has restored and conserved a Grade 11 listed building that had been empty for more than two decades, and otherwise mlght still be empty today and in a poorer state of decline. Professional and public opinion has been extremely positive. Created a new communlty space A unique new cultural and social space has been created for Epsom. where people can come together to watch performances, enjoy creative workshops, bring their children, or simply meet friends for coffee. The Horton is reaching disadvanta8ed people in the local area. Viridor Credits (now Valencia) provided significant additional funding for various capital items. Fostered creativity and promoted skllls development The Horton has provided internships: one traineeship- work experience for local professional catering students. approximately 50 volunteering opportunities, Duke of Edinburgh placements and a Young Creatives programme for ILF15 year-olds part-funded by -1 Will Foundation". The Youngcreatives were invited tojoin the Royal Guard of Honouratthe 2022 Epsom Derby, as acknowledgment of their community participation.
The Horton's Cultivate programme. part-funded by The D'oyly Carte Charitable Trust. supported emerging performance artists- Company Concentric, No Eye Deer and Clara Gayerwith research and development space and a platform to share their work at a 'Pay What You Can, Scratch Night. Interpreted the heritage of the slte The heritage of the hospital cluster has been sensitively researched, interpreted and shared in the f irst permanent exhibition on the subjert, and online. New creative responses to the stories of people at the hospital have engaged people in imaginative ways. and visitors have responded positively. New publlc artwork by Eliza Southwood at Epsom Railway Station depicts The Horton Art5 Centre and its history of music therapy. Enhanced the local economv. The Horton has created new jobs, new supply chains, and there are early signs that it Is brlnging more people into the area who are spendin8 elsewhere In the1ocal oconomy. It is adding to the cultural offer for Epsom and will be a key player in the region's cultural strategv for the future. The charity has become a voluntary membership of the Go Epsom Business Improvement District, giving us access to a network of local businesses and associated marketing opportunities. During our flrst part-year open 5,000+ people attended a performance. course or workshop 20,000+ visitors had seen the free heritage exhibition 10,OOO+ people had eaten in the café The recruitment of a permanent staff team was completed in summer 2022. Prior to that, the operation durin8 the early launch period had been managed by a team on short fixed-term contracts. The Horton is managed by a small staff team including a centre manager who manages day-to-day operations and the staff team. an administration co-ordinator, a sales and marketing cOrdInator, a finance coordinator, a hospitality manager. a facilities co- ordinator and an assistant hospitality manager. These are a mixture of full-time and part-time contracts. They are supported by casual café and cleaning staff. The soft launch period, in which the building wa5 open for 3 days per week. wa5 successful more quickly than anticipated, enabling the team to move to a 4-day per week openin& and subsequently preparing for a S-day per week opening from the spring of 2023. The permanent heritage exhibition continues to attract visitors in it5 own right. as well as providing historic context to the building for those who are attending our programme of
cultural events and workshops. The exhibition, which is free to access for all visltors. includes artefacts. images, audio recordings and digital resources including testimonies of staff and patients of the Epsom Hospital Cluster from throughout the 20 century. This important aspect of the projert brings to life the heritage of the site and the hospital cluster for visitors who are unaware of its fascinating history. A team of Volunteers in addition to our trustees, continue to play an important role in the charitvs operations, supporting the profe55ional staff team in a number of ways. including front-of-house, café, administration, HR, finance. gardenln& and as heritage guides and other support functions. Evaluatlon An interim evaluation was produced by independent consultant Anna Cullum during this period. with the final evaluation report. is due to be submitted to our main capital furider, National Lottery Heritage Fund INLHFI, in the summer of 2023. The criteria we used to assess our performance during this reporting period were set out in our Evaluation Framework. This was informed by our Vision and Value5 Statement and the conditions underwhich ourgrantfundingwas awarded bythe NLHF in theApproved Purposes of our grant agreement. Financial Revlew Donatlons and Grant Funding The £3m renovation projert was funded primarily by the National Lottery Heritage Fund INLHFI and $106 community infrastructure contributions from developers, administered bv Epsom & Ewell Borough Council. Grant fundin8 from the NLHF totaling £162,8S8 was deployed during the financial year, alon8 with $106 funding of £139,773, all of which was used for capital works, professional fees and activities associated with the completion of the refurbishment works on the building and the opening of The Horton as a cultural venue. During the reporting period, we successfully applied for an additional £209.500 projert fundin8 from the NLHF to supplement the original grant. This was to cover additional costs associated with delays to the refurbishment works because of the Covid-19 pandemic and the administration of the principal building contractor. It was also to fund additional future management & maintenance costs projected during the start-up phase of the operation of the building as an arts centre. A grant of £18,781 was received from Valencia Credits Ipreviously Viridor Credits) to go towards materials and equipment for the interior and exterior renovation. These included
acoustic panelling, garden furniture, tools and equipment including a Tallescope system fof maintenance at ceiling level. A one-off gift of £10,168 wa5 received from MGS04 Arts FestiV21 to benefit the artistic pursuits of The Horton. This gift was made with the stipulation that it is to be used for artistic programming of works and to help to reach under-served audiences, and it has therefore been included in restricted funding. £9.868 of this funding has been deferred to fund activities in the next financial year. Funding of £1,536 was also received from Accio Cultura Espana to facilitate our Spanish season of dance and music events. Funding of £5,579 was received from the UK Government Kickstart Scheme which provided funding for new jobs for young people at risk of long term unemployment. This fundlng was used to employ a Visitor Assistant. Private donations of £5,017 were received. Tradlng Actlvltles Income of £187.798 was generated from our café. creative programming and hire of the venue. After costs, these activltles contributed £52.558 to the Charitvs unrestricted funds. Overheads included staIng costs. office costs and utlllty serrfices, as well as further refurbishment works related to the preservation of the Chapel, as described above. Net Assets and Cash Position At the end of the flnancial year, the ChariVs total net asset value was £2,751.413. Of thi5, £2,509,645 is the total asset value of the Chapel itself and other tan8ible assets. Cash reserves totalled £214,497, of which £135,288 was restricted funding relating to the remainder of the renovation project and ongoing management and maintenance costs, leaving £79.209 of unrestricted cash reserves. The charitls reserves policy is to hold sufficient unrestrlcted cash reserves to ensure the financial viability of the organisation in the event of temporary closure or significant changes to the business plan. A target of sufficient free reserves to cover one yearfs annual maintenance costs and notice on the building plus three months. general overheads and six months, staffing costs has been set. The Board aims to achieve this by scaling up the Charity's activities in the coming financial year. Cash reserves are held in cash accounts at Metro Bank. There are no current uncertainties about the charitys ability to tontinue as a going concern. There is no fund or subsidiary undertaking that is materially in deficit. The charity does not hold any material financial investments. The Society does not have a material financial investment strategy. Neither grant-making nor
social investment form a material part of the charitys objectNes. The principal risks to the charity during the financial year arose from ensuring that the growth of the operation was carefully managed to ensure staffing levels remain appropriate for the increased number of events and longer opening hours. whilst continuing to manage capitsl works. Trustees keep a detailed risk register, which is reviewed regularly at board meetings. Now that the capital refurbishment is complete, this risk profile changes substantially, and becomes more focused on operational matters. long-term sustainability and ensurin8 staff capacity is aligned with our plans for 8rowth. Plans for future perlods The charity continues to develop and test new activities and income. and review The Horton's strategy based on operational learnings, vi51tor feedback and our charitable objectlves. Community stakeholders report seeing The Horton as a 'point of call for engaging with the communlty., particularly for connetting With people and charities concerned with mental health, and this perception will build The Horton's value as a community asset. We want to ensurethatwe continueto consult and developwith ourcommunity in ordertastay relevant. The Horton embraces diversity and equal opportunity. We are committed to building a team that represents a variety of backgrounds, perspectives. and skills. The more inclusive we are, the better our work will be. This applies to the board, the staff team, our volunteers and artists. We will continue to self-monitor and challenge ourselves to bring together people with diverse experiences, skills, and perspectives, to create a more inclusive and vibrant arts and heritage community in Epsom. Our phased plans to fully open The Horton Gardens are dependent on further fundraising. A grant of £49,995 from Epsom & Ewell Borough Council CIL, awarded but not paid in this period, must be match-funded. and we are awaiting the outcome of an application to Surrey County Council's Your Fund Surrey. Acce55ible paths and an attractive landscaping scheme will create an improved amenity for local people, more creative opportunities and a sustainable green space for betterwell-being. Structure, governance, and management The charity is a Charitable Incorporated Organisation and is 8overned by a constttution. The Constitution was amended by the trustees in April 2019 and again in January 2020. in accordance with the clauses enabling such ch3nges. A trustees, Code of Conduct sets expectations for best practice and promotes good comrnunication between trustee5.
New trustees are appointed by existing trustees on terms as set out in the Constitution, which allows for a maximum of 12 trustees on the board. New trustees are given an induction which involves the provision of key documents. including Constitution- Code of Condutt,- Vision and Values statement: and key policies such as Financial Policy and Safeguarding. No other person or external body is entitled to appoint trustees. All key strategic decisions are approved collectively bytrustees, who met monthly throughout the reporting period. The Board Strate day evaluates priorities for the year ahead and ensures that the charitV5 policies and procedures are up to date. Under current arrangements. the board is chaired on a rotating basis, with all trustees taking chair responsibility for one month and for setting agendas and steering meetlngs. A trading subsidiary has been established. The Horton Epsom Ltd, which wlll focilltote The Horton in undertoking commercial activities that are not directly related to the society's charitable objertives. including the opemtion of The Horton's Cafe-8or. Profit5 will be donated to the chority- Work will continue to ensure the governance of the two or8ani5ation's is appropriate, efficient and aligned to our culture and values. The Centre Manager. supported bythe staff team. is responsibleforoperationalynana8ement of The Horton. including artistic programmin& and reports monthly to the board of trustees and will also be reporting to the dirertors of the charitvs trading subsidiary The Horton Epsom Ltd. Trustees will continue their focus on resilience and sustainability aligned with The Horton's alms, vision and values. While doing this work, the Board of Trustees, who govern the charity. have had regard to the Charity Commission's guidance on public benefit. Reference and administrative details The charity has the registered charity number 1167510. The charity is registered as a company number CECQ7433 The charitvs registered address is The Horton Arts Centre, Haven Way, Epsom, Surrey KT19 8NP The table below shows the individuals who were trustees during the financial year l March 2022 to 28 February 2023 as well as those in post when the account5 were approved. lan Reeves Rupert Salmon Kirstie Arnould Graham Saunders Yemisi Mokuolu Until June 2023 Secretary Until June 2023 Until July 2022
Sophie Wiles Chair from February 2021until September 2022 Treasurer from April 2021 From Au Until September 2022 Gayle Young From May 2020 Hugo van Maasakkers Steve Trimm Kandia Appadoo ust 2021 Until September 2023 From March 2022 From March 2022 The charity has no corporate trustees. No trustee holds, or has held, title to property belonging to the charity. Other relevant organisations- Banking services- Metro Bank, 91a High Street. Epsom KT19 8DR Accountants.. Bates Weston. The Mills, Canal Street, Derby OEI 2RJ Independent Revlew The report from the independent examiner follows this report. Trustee declaratlon The trustees declare they have approved the trustees, report above. Signed on behalf of the charit5 trustees. Names.. Position: Date: ayle You Treasurer Rupert Salmon Secretary 1111212023 12 Principal address of charity: The Horton Arts Centre, Haven Way. Epsom, 19 8NP
Examin IndendOt examlnefs report to the trustees of Horton Chapel Arts and Heritage Society I report to the chadty trustees on my exam1natsL of Ihe ac(#)unts of HcKlon Chapel Ms and Herrtage knety lthe Trust) for the year 8nded 28 FebnJary 2023. Responslbllltk$ and basis of rèport As the charty trustees of the Trust you are resF¥)nsible for the preparatw)n of th8 aceounts in aTrrda with the raquirements of the Chariti8s Ad 2011 {Ihe Arfl. l pOrt in respect of my examinath)n of ts Trust's ac£ounL8 camed out under Section 145 of the Act and in Carrng OLrt my examination I have frAk)wed all ap[ltle Direci¥)ns gNen by the Charity Ccmmission under Sethon 14515llbl of the Act. Indèp•nd•nt •xamlnerfs stat•m•nt Sincg your charivs gross income exceeded £250.(D) your examiner must be a member of a list8d bi)dy. I can wifim that l am qualified lo undertake the examination because l am a mèmbèr of the Institute of Chartered Accountsnls in England a1 Wales, whith is one of the listed bodw. I havé eCp19ted my examination. l o)nfimi ihat no material mattws have to my altsnt in connectlon whh the examlnalon giviro me cause tr) beIve that in any material respect.. alxounbng reC£IJS were Th)t kept In respect of Ihe Trust as requir8d by Sfjctic 130 of tho Ad., OF. the accounts do not a¢ccxd wilh those records: or the accounts do nrA compty with the aw>lKable requirements rnnceming the form and conlenl of •ccounts sel OLrt in the Charities (Accwnls 8rKI Rep)rtsl Re9ulat*?ns 2008 other than any requir8m8nt that the aecounts give a tsue and fair vie•V which is not a matter (sidered as pwt of on independent examinats'on. I have no ccemS ar havg come ¥088 no othw matters in nrCI10n wllh the eXaminan lo which attention should be drawn in thi8 report in order lo enab a proper underslandiThJ of the accounts to be reached. Wayne Tlw)mas ACA Bates Weston LLP Chorter&Y A¢ntsnts The Mills Canal Street Derby DE12RJ Dale..
emert of Financi Activitios Year Ended 28 Februa 202 2023 Totsl fijnds 2022 Totsl funds unresth.cted Restricted fur funds INCOME AND END0WMEPs FROM Donations and legaCS 5,017 328.827 578.786 Other trddillg a¢''8S Invastment iwme 192,778 137 157 192,935 137 18,074 Totsl 197.932 328.984 526.916 596.914 EXPENDrruRE ON Rai&ng lund$ 135.240 135.240 11.630 Charltable activltles PreseThali¢Jn of Th8 Horton Chapel 272.512 272,512 122,179 Totsl 135.240 272.512 407,752 133,809 NEf INCOME Transfers betwoen funds 62,6 11.770) ,472 1,770 119.164 463.105 14 N•t movomgnt In fvnd8 80.922 58,242 119.164 463,105 RECONCILIATION OF FUNDS Totsl funds brought fr)rward 22,456 2,809,793 2.632,249 2,169,144 TOTAL FUNDS CARRIED FORWARD 83.378 2,668,035 2.7S1.413 2,632,249 The ncrtes form part oflhesè financial ststements
2023 Total nds 2022 Total funds unrestn.cted Restrbcted fvnd fvnds Notes FIXED ASSETS Tangible assets 10 2,S)9.645 2.509.645 2,484.424 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 11 12 5.939 5.939 85,900 214,497 85,9)0 135.288 36,505 147.980 79209 8S.148 221,188 306.336 184,485 CREDITORS Amounts falling due wrthln cth year 13 (1.770) {62.7981 (64.5681 136,6601 NET CURRENT ASSETS 83.378 158.3gY) 241.768 147,825 TOTAL ASSETS LESS CURREiir LIA81LITIES 83,378 2.668,035 2,751,413 2.832,249 NET ASSETS 83.378 2..035 2,751.413 2,632,249 FUNDS Unreslrictsd funds Restnclèd funds.. Chap81 renovatbn fund Chapel renoVatn capital fund 14 83,378 22,456 158,39J 2.509,645 125,369 2.484.424 2.668.035 2.609,793 TOTAL FUNDS 2,751.413 2,632,249 The finandal ststement$ wwe approved by the Board of Tnjstees and aLthris&J for Issue on .. and were gned on rts b*baif by: ¢JJng- rust R Salmon- Trustee The notes fomi part ofthese finanaal statements
Cash Flow Statement for the Year Ended 28 Fèbrua 202 2023 2022 Cash Ilows from operating activitses Cash grated from opernlions 16 149.979 466,985 Nel cash providèd by operating acliwiies 149.979 466,985 Cash flows from Inv•stlng actlvltles Purchasa of tangible fixed a&s8ts Inlefesl recefved (83.5991 137 1430,207) Net cash used in Investw 183.462) 1430,153) Chany In c•8h and cash •qulval•nts n the reportlng portod Cash and cash •qulvalents at t beglnnlng of the rgportlng perlod 66,517 36,832 147, 111,148 Cash and cash equlval•nts at Ihg end of thè rnportlng perlod 214.497 147,980 ' The notes fomi part of these finanua st2tements Pa e16
ents 20 ACCOUNTING POLICIES Basis of preparing thè financial statements The financial statements of the tharty, whith is 8 public benafft uThler FRS 102, have been prepared in accordance wth the Chanbes SORP IFRS 1021 'ACuntIng ar Reporting by Chariti8S.' Statement of Recommended Pracb¢ apF4icatrAe lo charities preparirKJ their ac£ounts in accordance with the FanC31 Reporting StandaTd apicabb8 in Ihe UK and Republic of Ireland IFRS 1021 leffective 1 January 2019),. Firffjnoal Re(K)rts"ng Standard 102 The Financaal ReForting Standard applieable in the UK and RepuNK of Irdarvj, and the chtss Act 2011. The financk41 statements have been ppared underthe histrmical cost c¢)nvent)n. Income Al income is Tecognlsed In the Ststemenl ol Finaw81 AcUvlU8s On the charity has enliUem8nl to the funds, il is probable that the incom8 TrMII be receNed and the amount can be measured reliabty. Expenditure Liabilities are reccgnL8ed 8$ expendityre 88 9AJn as there is a legal cf rJ)nstrLth'vé obligation commith'ng the charity lo that eXnditure. it is probable that a transfer of ec#)nomie benefiis will be required Sn setUam8nt and the 8m(yJnt of the 0t)n e4n be m8asured reliably. Expgnditur8 Is •ccounted for on an acuuaL8 bas1$ and has been dassrfied under h8adiffJs that aggregate all c¢sts related lo the categw. ere cosls cannot b8 direcljy attribLrt&J to partKyJlar headirKJs they have b8en ellocated Io othits on a basis cnsistst wth us8 of resou£8. T•nglbl• fix8d ts¥•ts Depreciation is provided al th8 annual ratss in order to tte off each assat'¢)vgr ts gstimaled useful lrfe. Improvements lo188sehokl propgty Fixtures and fith'ngs 2% on ¢t . 20% on cost T8rolble assets are Initlty rery)gnised at cost. After reeogniticfft, under the cost modd, tsnglble frAed assets are measured al cost less 8coJmu18ted depre0ath any impaimient losses. All costs Incurrèd lo bring a tangib fixed as80t th its internled c£wM16tion should be knduded in the measurement of cx)st. No depreCtIOn is charged untd an asset is brought into use. Stocks Siod(s are vahJed at Ihe lower of o)st 8nd net reallsatle vkn. after maknr¥J due all¢)wance for obsolete and sk)w moving items. Taxatlon The charTty is exempt from tax on its tharitatrAe a(¥rt. Fund accounting un51Cted funds can be uwj in accOrdare wilh Ihe tharilabk obje¢tThies at ts disuetion of the trustees. ResIrfct funds can Lwly be used for partlar restricted purFKxes within the objects of the charfty. Re5trith'ons arise when spec[rd by the dor cy vhRn are raised for particular restricted purFoses. Further explanati( of the natLre 8nd pure of each fiJnd Is Induded in the notes to the finanaal statements. Govemment grants Gjvemmenl grants are recojnised in *then the grant Fffreeds are received re1vable unless future p8rformanc&related cthjitsons are $ffied that have not been mel. Grants received bèfore the ineome reeognitson Lyiteria are satisfied are regnISed as a liabdity.
Fln rts- continued Tua 2023 for DONATIONS AND LEGACIES 2023 2022 Donations Grants 5.017 328.827 6,678 572,108 333.844 578,786 Grants received, incknled in the above. are as folkhvs: 2023 2022 National Lottery Hetitsge Fund Epsom and Ewell Borgh Carnc T8seo The D.Y Carte Chanta TnJ81 Surr8y County Council Members. Corniunity AJI0S Kickstart Fund Accio Cultura Espana Valenaa Credits {p¢)u$lY VirKlor) MGS04 162,858 139,773 275,172 286,045 1.000 3,000 6,891 5.579 18.781 328.827 572,108 OTHER TRADING ACTMnES 2023 2022 Cafe foodldrinks Performancos Incnme Workshop and wurne8 Space hire Other incomè Empkiyment alhxv 95.965 1,018 16.576 23,541 11,740 157 480 192,935 18,074 INVESTMENT INCOME 2023 2022 Depwl account interesl 137 e18 conlinued...
r thè Year En RAISING FUNDS Othgr tradlng adfvltles 2023 2022 Purchases Workshops and courses Arts'stic perf¢)miance costs spo hire 82.709 9,690 40,233 2.608 10,743 135,240 11.630 CHARITABLE ACTMTIES COSTS Direct Costs Pre8eNallon ofThe Horton Chawl 272.512 These costs reL8le to overheads onty. Devdcwnl (J)sts have b88n capitdised ar arg indudgd as fixed asset limprovemenls lo leasehohJ propeftyl on the balan sheel. TRUSTEES, REMUNERATION AND BENEFrrs There wsrè no truste86' remuneralion or olher bfft6 for the ye¥ and6d 28 Fd)ruary 2023 nor for Ihg year ended 28 February 2022. Tru8tee8' expen Dtjrfng the year ended 28 Felyuory 2023, expenses totalling £228 were relff**uts8d or paid diredy to trustees12022- £141. STAFF COSTS 2023 2022 Wages and salari Social security costs Contn"bution lo defined ojntribulion penswjn schemes 9J.982 97,256 The average number of persorts employed by the Charity during the year w88 as fdkxvs: 2023 No. 2022 No. Charitable servTh worf¢
to the Ftnancl ear ontinued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted Resttthd fund funds Tolal funds INCOME AND ENDOWMEpifs FROM Donations ar legacies 10.678 568.108 578,786 Other trading aclivibes Investment income 18.074 18,074 Total 28.8C 568,108 596,914 EXPENDrruRE ON Raising furKIs 11.630 11,630 Charltable actlvhlos Preservats)n of The H¢Mon Chapèl Total 122.179 122,179 11.630 122.179 133,809 NET INCOME Transfèrs betw••n funds 17,176 I1.) 445,929 1.5QO 463.105 Nel Movement In funds 15,616 447,489 463,105 RECONCILIATION OF FUNDS Totd funds brought forward 6.840 2.162,304 2,189.144 TOTAL FUNDS CARRIED FORWARD 22,456 2,609,793 2.632.249 10. TANGIBLE FIXED ASSETS ImpffNemants Fixtures and fittings leasehokj Totals COST Al 1 March 2022 Additions 2,478.681 51.940 7.179 31,659 2,485,860 83,599 At 28 February 2023 2.530.621 38.838 2.569,459 DEPRECIATION Al 1 March 2022 Charge for year 1,612 1,436 58.378 7.766 At 28 February 2023 S).612 9,202 59.814 NET BOOK VALUE Al 28 February 2023 2.480.IXJ9 29.636 2,509,645 At 28 Febry 2022 2.478,681 5.743 2.484,424
ndH Notès to Financial Statements- continuod 23 11. STOCKS 2023 2022 5.939 12. DEBTORS: AMOUNTS FALLING DUE YThIN ONE YEAR 2023 2022 Traée d&bto Other debtors Prepayments and acCnd IrMe 180 6.253 79.467 2.512 33.971 36,505 13. CREDITOR8: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 2022 Trade creditors ial security and olher laxes Other creditors Accruals and deferrgd ir0 21,361 23,828 22.768 18.881 2,362 10,470 64.8 36,660 14. MOVEMENT IN FUN08 Net Transfers movemgnl beN¥een in funds furnls Al 1.3.22 28.2.23 Unrestrl¢ted funds General fund 22.456 (1,770} 83,378 Ro$lrlcted funds Chapel renovabon fund Chapel renovalion capitsl fund 125.369 2,484.424 6.257 50.215 26,764 124.994} 158.3 2.509,645 2,609.793 56.472 1,770 2,668,035 TOTAL FUNDS 2,632,249 119,164 2.751.413 Net movement in funds, included in the atrrn are as frJbws.' Inc*)ming Resources MOvent reyjurces expend in funds Unrgstrlcted fvnds General fund 197.932 1135.2401 62.692 Restricted funds Chapgl renovatron trjnd Chapd renovation capitsl furn 220.391 108.593 {214.134) 158,378) 6.257 50.215 328,984 1272,512) 56.472 TOTAL FUNDS 526,916 1407,7521 119.164
Notes to th• Financl for the Year Ended 28 Februa Inued 2023 14. MOVEMEKf IN FUNDS- continued Comparatlv•s for movement In funds Net Transfers movennl tetsveen in funds funds Al 28.2.22 At 1.321 Unrestricted funds G&ner fuTh 17.176 {1,560) 22.456 Restrlct•d funds Chapel renovation luTh ¢hapg1 reMvaUon ca1 106.651 2.055.653 426,382 19.547 {407.664} 409.224 125.369 2,484.424 2.162,304 445.929 1,560 2.609,793 TOTAL FUNDS 2,169.144 463.105 2.632,249 Comparatfve net rrwmenl In furKls, inclLvJgd kn the abovo Ore as ftllm.. Incomlng Rgsources Movement r8sour¢os exnded in fvjnds Unrestrl¢ted fund• Gen6r81 lund 111.630) 17,176 Restrlcted funds Chapel renovation fvThJ Chapel renovation camal fuThJ 551,073 17.035 (124,691 } 2,512 426,382 19,547 568.108 (122,179} 445.929 TOTAL FUNDS 596.914 (133,8091 463.105 A eurrenl yew 12 nnthS and prr year 12 M(th8 f)rrI is as follchvs". Net Transfers movement betsveen fund$ fvrmjs Al 28.2.23 At 1.3.21 Unrestricted funds General fund 6.840 13,3301 83.378 Rèstrlcted funds Chapel n0Vaon Chapel renovation capital fiJrKI 1C6.651 2,055.653 432.639 69.762 {380,9)0) 384,230 158,390 2.509,645 2.162.3C 502,401 3.330 2,668.035 TOTAL FUNDS 2,169.144 582.269 2.751.413 Paoe 22 (x)ntinued...
202 14. MOVEMEPU IN FUNDS - ¢ontinued A cuThenl year 12 months and year 12 mntrts (mbin&J net moVenI in funds. irduded in the above are as lollows.. Inc))mwy Resources Movement resources exnded in funds Unrnstri¢tod funds General fund 226,738 {146.870) 79,868 Rè8trlctod funds Chapd ronovats.on ftjnd Chapel renovab.on capital IL¥vJ 7T1,464 125,628 1338,825) (55,866} 432.639 69.762 897.092 (394.691 } 502,401 TOTAL FUNDS 1.123,830 IS41,561 } 582,269 Restrlctsd funds Restricted income Indudos grants from ihe Hen'la9e Lottery Fund and Section 106 grant fiJndiro. These were granted specrfkally lo contribute towards the redevelopment of Horton Chapol and arg therefore reslitled. Al expendrture through the SLrnent of Financaal Actiwb'es relating to th8 redevelopmgnl of Pkjrton Chapel is inchJJe•J 1n the r88th'thJ fund. 15. RELATED PARTY OISCLOSURES Whilst on the board of truslo8$, Sleve Tnmm c(mpleled some worf( as an art ILrtor and was pakl thg chantys stsndard hourly rale for teaching b'me only and invoked the charity as a freelèncer. Work lo the value of £1.430 12022.. £NILI was invoic8J lo the charity. Al the year*nd there is £NIL owiro in respect of the 8eryk£s provldthd . 16. RECONCIUATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTMTIES 2023 2022 Not Sncome for the r•portlng perlod per th• Stst•m•nt of Flnanclal Actlvblles) Adjustments for. DepreCIat)n charges Interesl receNed In¢ase in stocks Increase in debtors Inase In cThJltors 119,164 463.105 58.378 {1371 {5.9391 149.3951 27,908 1,436 (54} 120.424) 22,922 Net cash provlded by operntlo 149,979 466,985 17. ANALYSIS OF CHANGES IN NET FUNDS At 1.3.22 Cash fksw At 28.2.23 Net cash Cash at bank and in hand 147.980 66,517 214,497 147,980 66.517 214,497
Notes to th• Fln for the Yèar En ements- continu•d Februa 2023 17. ANALYSIS OF CHANGES IN NET FUNDS- continued Total 147.980 66.517 214,497 Paae 24