RECEIVED 2 4 JAN 2025 NEWMAN & CO Charlty regl$trallon number 1167949 (En£land and Wales) Company reglslratlon number CE007701 DE T AND UNAUDITED FINANCIAL STATEMENTS R THEY
ER LEGAL AND ADMTNISTRATIVE INFORMATIO Trustees Mr Maieo Raymenl Kale Welion Chrisiopher Holden Jacqui Petrie Andic S1005 Andy Simpson Gcraldine Leeder JAninc Oxley Jcan Grocolt Charity number (EnglAnd and Wales) 1167949 Company number CE007701 Prlnclpal address 21 Si. Nicholas Sireel DISS Norfolk IP22 4LB Registered offlte 21 Sl, Nicholas Sireel DISS Norfolk IP22 4LB Independent examlner Waveney Accounlanls Limiled Tlas Newman & Co Charlered Accounlanls 4b Church Street Diss Norfolk IP22 4DD
DESIGNERMAKERS CIO NTENT Page Chairn)an's stalemenl Trusl¢cs' r¢porl Independent examinerfs report Slatemenl of financial aclivilies Balance Sheet Notes lo the financial stalem¢nls 8- 13
DE NERMAKERS CIO HAIRMAN, STATEMENT R THE YEAR EN Report from the Chalr 202312024 Following Ihe suc¢e5sful bid io the Governmenl's levellinB up Communily Ownership Fund (COF) in March 2023. the focus for the CIO Ihis year has been lo raise match funding. The 'Savc Our Siory, Fundraising Campaign continued and with a target of £171,750 Ihere has been much work lo do! A full pro¥ramme of exhibilions, events and workshops was planned and catri¢d oui drawing on ideas sugges¢ed by members And stspporters (see full list within financial managemenl report). With successful bids lo Garfield Weston, The Foylc Foundalivn and Diss SuTheyors Allolment Fund, as wcll as numerous Smaller individual donations and granls (see financial report for breakdown). we achieved sutTieienl of our match funding target to purchase the building by ihe end of 2023. Some minor legal challenges meant Ihal 21. Sl Nicholas Street was nol fully owned by Ihe CIO until March 2024 but finally our dream lo own OUT home has been achieved! Although a key focus has been fundraising, w¢ have ensured ih31 the Charily's educalional purpose has been fulfilled. Our commitment lo Ihe loc&1 communily has also remained slron¥. Designermakers21 had a stall al Diss Town Council's 'A Right Royal Celebralion. with Membe running free aclivilies. Thomage Hall Independenl Living Comrnunily exhibilcd wilh us for the first time and Diss High School relurned for an exhibilion of ' A, Level Art Ihe exhibilion curated by the 51udenls while Diss High school and HArtismeTe High School teams competed in the 'The Big draw OIT. competition in October where much fun was had by alll Our SumfflcT Expo .23 was once murL' exlrL'mL.ly popular wilh an in¢r¢Jb¢ in submissions; Ihis event brings in new audiences bul most importantly gives local people a professional exhibition arena where they can see their work exhibited often for Ihe firsl time. We continue lo provide free exhibition space for two local charities Solo Housing who work with local homeless people and Sir¢¢i ForBe. Full Members: Full lime members and Trustees continue lo managc the day.lo-day needs of both Ihe CIO and dm21 co-ordinating all events, markeiing and building mainlcnance. Wilh Ihe fundraising foLUS Ih15 ycar, members havc bccn busier than evcr and havc been hclp¢d by local arlist supporters who have volunlccied to run workshops and other aclivilies with PrIt5 going 10 'The Save Our Siory, c4mpai¥n, Cuest Members: Our Guesl membership scherne has continued lo thrive Ihis year. The scheme provid¢s an opportunily for local artists lo further develop their prgcli¢¢ in a sludio s¢lling while benefiling from bein¥ part of a ¢ommunily of artists. Ihe 5chem¢ also gives Guesl members access lo menlorship as well as polenlial collaboralive experiences. The CIO of course a150 benefits from addilional craft PTaclices on offer lo visiting membets of the public. There is an option for guest membeTS lo apply for full membership ifthere is a vacant 51udio 5pac¢. As$0¢iAte Members and Showcase: Our Associate Memb¢r5hip 5ch¢ffle as well 35 the Showcase Gallery* continue to be successful in extending Ihe range of Craft dilpIlDes we preseni. This year 9 arlisls and makers showcased with us for Ihe first lime. and we also welcomed back three popular 'show ¢asers' from previous yeaTS. We have nine Associale members - several are previous rnernbers who continue their connection wilh dm21 Ihrough Ihis h¢M¢, Exiending Ihe range of work on show al de5ignerniaker521 bn)adcn5 our appeal to visitors and ensures a dynamic experience lo inspire repeal visils.
DESIGNERMAKERS CIO HAIRMAN'S STAT R THE YEAR ENDED 4 APRIL 2024 Fundral$ing Events and workshops: As said above we have run a wide range of evenis and workshops Ihis year focusing on fundraising and educalion in ihe arts. Eighi exhibilions have benefiled from the track lighiing installed last year. This has rcally hclpcd lo give cxhibitcd work a prvf¥ssional appearance. Exhibilions included 'Saori Weave, showcasing Ihe work of Saori sludenls and lo celebrate our l Oih Anniversary ' l Oacious. wilh pholos and exhibits pmviding a trip down memory lane as well as a reminder of the huge progress we have made. MembeTS have run Iwo 'ln-Action' Days Ceramics and Tcxliles linked io Iwo very successful member curaled exhibition5 'The Earth Sings, and 'Surface Texliles'(in collaboralion with Diss Com Hall). The ' In-Aclion' days as usual allracled a large number of visilors olall ages who enjoyed irying oui ditferenl laster aclivilies. Similarly. our 'Have a Go, day wa5 exlremely popular. wilh member5 off¢Tin¥ lasler sessions in their individual areas. A number of large events have been solely aimed al fundraising including the 'Jig 'n' a Gis Ceilidh al Diss Com Hall where we launched our Poslcard Art Sale. The biggesi fundraising event was the Auciion Unmissable conducted by T.W. Gaze al their auction roo, followcd by Ihc 'Silcnl Auction.. Wc ar¢ grdlcful lo all ihose who donaled items which were es5enlial lo Ihe 5ucce55 of ihese evenls. We are also graieful lo the Cornhall for donating their venue and T.W. Gaze for donating their venue and Ihe services of their auclioneer and oth¢r slaff. We have been overwhelmed by thc generosity of local arlisls and supporters Ihis year who have giv¢n ih¢ir lime, ideas, work and skills lo help provide o rich and varied programm¢ for our visilors. Smartphone Pholo8raphy, Nealle Felling, Life- Drawing and CIAY Tile workshops for example, have been successfully njn wilh all profits going lo our campaign. A focus on 'DrAwing' in Oclober and November 2023, included demonslralions, dropin 5cssion5, talk5 and work5hopt4 by local ariisls includin8 8 1)ook launch and children'5, workshop run by a local illuslralor and author. 'Cake and Make. _ an inilialive run monthly by a group of Saori weave sludenis - has really taken OIT, noi only raising moncy for ihe campaign bul also providing supporlive and nurturing creative environmeni for visitors. All of these conlribulions have been invaluable not only rinancially bul equally in showing the support for designemiakers21 and what Ihe OTganisalion offers lo the local communily. W¢ also thank our fanlastic volunl¢¢r t¢arn for welcoming visilors, managing ticket sale5 and providing addilional support at evcnls. We conlinuc lo promole the aclivilies al dm21 ihrough tsrgeled marketing including Facebook and Inslagram, adv¢rtis¢m¢nls in local prinl media & local radio and a range of leaflels promoting our charily, evenls and workshops. And now to the fUre...,,. We move into nexl year owning 21, Si Nicholas Slreel and aware of Ihe new responsibililies which ihe CIO now carries. A re- slrucluring of the board of Truslccs is plann¢d to brins in mor¢ ITuslees wilh additional skills and experience which will help Ca the or8&nisalion forward. Now we own Ihe buildin8. we lurn our focus on realisin¥ Ihe exciling ideas for phases two and Ihree of our building development. An exlension lo Ihe COF deadline for the remaining sum awardd 51111 m¢an5 we hav¢ lo Jnove quickly to ensure Ihal planned work on insulation, windows and healing happens within the tighi lime frame. These improvernenls will mean Ihal Ihe building is more environmentally friendly and warmer for members and visitors. Looking ahead, further fundrnising will be needed to raise money for a pernianent fire es¢ape as well as lo make improvements lo Ihe flow of the building and lo ensure belter access for all. We have anolher exciling year of evenls which will allracl new audiences as well as repeal visitor5, conlinuing to inspire inleresl in the arts and encouragin8 others lo learn a new skill. We remain commiiied lo creaiivily, the arts as a pathway lo wellbeing and io showcasing excellence in craft. And, mosl importantly. we conlinue lo develop 21, Sl Nicholas Street for the benefit of future g¢n¢rations. Janine Oxley ChAlr Dale:
DESI 'REP RT The Iruslees present their annual report and financial slalements for the year ended 4 April 2024. The financial statements have been prepared in a¢¢ordanc¢ with the accounting policies sel out in note I lo Ihe financial slalemenls and comply with the CIO'S goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland" and the Charities SORP "Accounling and Reporting by Charilies.. Slatemenl of Recommended Practice applicable lo chaTilies prepanng their accounls in accordance wilh the Financial Rwrting Siand4rd applicable in the UK and Republic of Ireland (FRS 102)" Obfjeetlve$ and Aetlvllles Piiblic benefil The Irusiees have paid due regard lo guidanc¢ issucd by ihe Charity Commission in deciding what activili¢s th¢ CIO should underlake. Achlevtments and perlormanee Signffficanl aclriiiiies andachieveipienls again$1 obje¢iii*s FlnanclAI revlew Reserves policy li is the policy of ihe CIO Ihal unreslri¢led funds which have nol been designaied for a specific use should be maintained al a level equivalenl lo between three and six rnonih's expenditure. The Iruslees consider that res¢rv¢s al Ihi5 level will ensure that, in lh¢ ¢venl of a siBnifi¢anl drop in funding, they will be able to ¢onlinu¢ lh¢ CIO'S cUent aclivilies while consideration is given to WAYS in which addilional funds may be raised. This level of resceS has been maintained Ihrou8houl the year. Stru¢ture. govern2nce And man#8em¢nl The CIO is & Charilable Incorpoialed Organisalion (CIO) formcd JO June 2016. The Iruslees, who are also Ihe direclors for Ihe purpose of company law, and who served during the year and up lo the date of si¥naiur¢ of Ihe financial slalemenls were: Mr Marco Raymenl Kate W¢lion Christopher Holden J&cqui Peirie Andre Sloos Andy Simp50n Geraldin¢ L¢eder Janine Oxley J¢an Grocoll Reci'iiliinehi andappoinimeni ofii'iisleés Pot¢nlial candidales for Ihe Board of TN$tees are idcnlified (following discussion by the Board) Ihrough infornial recommendation. Fornial approaches (with supporting liternlure) are made followed by infornL meetings with po(eniial candidates. The Trustees then recornmend to th¢ M¢Jnbership of Ihe charity th¢ candidates they favour, a vote is held (either al an AGM. SAGM or eleclronically) and the membership of the Board is amended accordingly. None of the lrnslees has 8ny benefieial interest in the company. All of the Irusttts are members of ihe company and guaranlee lo conlribule £ l in the event of a winding up. Oan1$allooI sri'tlcliiiv The Board of Tru5tces compri5¢5 two Ihbrds non-mernbers and one third Members (wher¢ Mmb¢rs artls15 who o¢¢upy studio space at designelrniakers21). Trustees Jgree io join working groups (Finance, Legal, Buildings. Fundraising ) where Ihey arc join¢d by non-trustee Members. Working groups report to the Board of Trustee5 who Ihen mak¢ nesSary d¢ci5i011S that are relayed bxk to Ihe work groups for implementslion.
NERMAKERS CIO TEES, REP R THE YEAR ENDED 4 APR The Iruslees. reN)rt was appToved by Ihe Board of Trustees. Mr Marco Ray Trustee enl Dale..
DE NERMAKER rNDEPENDENT EXAMtNER'S REP RT I report to Ihe Ituslees on my examinalion of the financial siatemenis of DesigneTmakers CIO (Ihe CIO) for the year ended 4 April 2024. Responslbllltles and basls of report As Ihe Iru51ce5 of Ih¢ CIO (and also its directors for th¢ PUfPOSC5 of company law)* you are PonSible for lh¢ preparntion of Ihe financial slalemenls in accordance with the rcquiremenls ol the Companies Act 26. Having satisfied myself that Ihe financial slalemenls of (he CIO are nol required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respecl of my examinalion of the CIO'S financial statements carried out under section 145 of Ihe Charilie5 Aci 201 l. In canying out my examination I have followed ihe Directions given by the Charity Commission under seclion 145(5)(b) of ihe Charities Ael 2011. ndependent exAmirter'$ stltement Since the LIO'S ¥ross incon)¢ exceeded £250,000. Ihe independent examiner musl be a member of a bi)dy listed in section 145 of ihe Charili¢5 Act 2011. I confimi Ihai l am 4ualifiLd lo undcrtake ihL' exarnin&lion because l am a member of the Inslitule of Chartered Accounlanls in England and Wale5, which is one of Ihe lisled bodies. have completed my examination. I confinn ihal no mallers have come lo my allenlion in connection with the examinalion giving me cause lo believe that in any mai¢rial respecl: accountin¥ recofds were not kept in respecl of Ihe CIO as required by seclion 386 of the Companies Act 2006. the financial slalements do not accord wilh Ihosc records. or the financial slalemenls do nol comply wilh the accounling requirements of seclion 396 of Ihe Companies Act 200fi oiher Ihan any requiremenl Ihal the financial 51alemenls 8ive a Irue and fair vicw. which is not a maller considered as part of an independent examination. or Ihe financial slalemen15 have nol becn prepared in accordance wilh Ihe rnethod5 and principlcs of the Siolemenl of Recommended Praclice for accounting and rew)rlin8 by chariiics applicable lo charities preparin8 Iheir financial slalemenls in accordance wilh Ihe Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). I have no concems drawn in t report i d have come 4cros5 no other mallers in conncclion wilh the examination lo whKh altenlion should be der lo enable a proper understanding of Ihe financial slalements lo be reached. Wayne Goddard FCCA ACA CTA WAveney Accountants Llmlted Tlas Newman & Co Chartcrcd Accounlanls 4b Church Str¢el Diss Norfolk IP22 4DD Date-. ..
DESIGNERMAKERS CIO STATFMENT OF FtNANCIAL A IVITI DtN F AND EXPENDITURE ACC PRIL2 24 Unrestrleted funds 2024 Restrlcted funds 2024 Total Unrestrleted funds 2023 Restricted funds 2023 Total 2024 2023 Notes Ineome from: Donations and legacie5 Charitable aelivilies Inveslmenls 30.348 35,209 105 254.267 284,615 35.209 105 1.026 19,448 2,176 3,202 19,448 Total in¢ome 65,662 254,267 319,929 20.474 2,176 22,650 Expendlture on: Charitable activities 36,074 2,176 38.250 20,109 20,109 TotAI expenditure 36,074 2.176 38,250 20,109 20,109 Net Income and rnovement lo funds 29,588 252,091 281,679 365 2,176 2.541 Re¢on¢iliation of funds; Fund balances al 5 April 2023 13,073 2,176 15.249 12,708 12,708 Fund bal4n¢es at 4 Apr612024 42.661 254,267 296,928 13,073 2.176 15.249 The slalemenl or rinancial activities include5 all gains and 10sse5 recogni5ed in Ihe year. All income and expenditure derive from continuing aciivilies.
DE NERMAKERS BALANCE HEET 2024 2023 Notes Fixed assels Tangible asseis 12 258.222 Current sisset$ Cash at bank and in hand 38.706 15.249 Net ¢urreftt x$$tt$ 38.706 15.249 Total assets less current liibilitie$ 296.928 15.249 The fund$ of the CIO Restricted Income funds Unreslriclcd funds 13 14 254.267 42.661 2,176 13.073 296,928 15,249 The company is enliiled lo Ihe exemption from ihe audll requlremenl conlained in section 477 of Ihe Companles Acl 2006, for Ihe year ended 4 April 2024. The directors acknowledge their responsibilities for complying with Ihc r¢quiremenls of lh¢ Companies Acl 2006 with respect lo accounting records and ihe preparalion of financial slalemenls. The members have not required Ihe company lo obtain an audit of ils financial slalemenls for Ihe year in queslton in accord8nce wilh seclion 476. The5¢ financial stal¢meniS have b¢¢n prepared in a¢cordanc¢ with th¢ provisions applicable lo companies subjecl lo Ih¢ small companies regime. The financial slalemenls were approved by the Iruslees on .. Mr Marco Ra Trustee menl Company regislralion number CE007701 (England and Wales}
DESIGNERMAKERS CIO TE THE FtNANCIAL STATEMENTS R THE YEAR ENDED 4 APRIL 2024 Accounting politie$ Charlty InformAtlon Designemiakers CIO is a Charilable Incorporated Organisation IncoOraled in England and Wales. The registered 01¢¢ is 21 St. Nichulas Str¢¢l, DISS, Norfolk, IP22 4LB. 1.1 Accollntlng convontlon The financial 51atemcnls have been prepared in J¢¢ordanre with the CIO'S governing document, Ihe Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounling and Reporting by Charities.. Sialemenl of Recommended Practice applicable lo charilies preparing Iheir aecounls in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102)" The CIO is a Public Benefii Enlily as defined by FRS 102. The CIO has iaken advanlAye of the provisions in the SORP for charities nol to prepare a slalemenl of cash flows. The financial slalemenls are prepared in 51erling. which is Ihe functional currency of the CIO. Monetary amounts in the5¢ rinancial sialemenls are rounded lo the nearest £. The financial stalemcnls have been preparcd under the historical cost convenlion. The principal accounting policies adopted are sei out below. 1.2 Going concern Ai the lime of approving Ihe financial slalemenls, Ihe Iruslees havc a re)sonabl¢ expectation that the CIO has adequate resources lo continue in operalional exislcncc for the foreseeable fulure. Thus Ihe trustees continue to adopi Ihe going concern basis of accounling in preparing the financial slalemenls, 1.3 Ch•rlt*ble funds Unreslricled funds are available for use al Ihe discretion of the Iruslees in furtherance of Itrleir charilable objectives. Reslricled funds are subject lo specific condblions by donors or grantors as lo how Ihey m&y be used. The purposes and uses ofih¢ reslricled funds aT¢ sel oul in Ihe notes lo Ihe financial 51alemenls. Endowmeni funds are subjecl to specific conditions by donors ihal the eapital musl be m8inlained by the CIO. 1.4 Income Income is recognised when the CIO is legally ¢nliiled lo it after any perforniance conditions have been mel, Ihe amounls an . m¢asurcd r¢liubly, and il is probablL thai ineome will be received. Cash donations arc recognised on r¢¢¢ipl. Oiher donations are recognised once the CIO has been nolified of ihe donation. unless perforn)ance conditions require deferral of the amount. Incom¢ lax recoverable in relalion to donalion5 received und¢r Gitl Aid or d¢¢ds of ¢ov¢nanl is recognised al the lime of Ihe donation. Legacies are recognised on receipl or oiherwisc if the CIO has been notified of an impending dislribulioD, the amount is known, and receipt is expected. If the &mounl is noi known, th¢ legacy is Ir¢8led as a conlingenl asset. 1.5 Expenditu Expendilure is recognised once there is a legal or con5truclive obligation lo Iransf¢r ¢conomi¢ ben¢fil to a Ihird party, il is probable Ihal a transfer of cconomic benefits will be required in seiilemenl. and the amount of the obligalion can be measured reliably. Expenditure is classified by aclivily. The costs of each aclivily ar¢ made up of the lolal of direct costs and shAd costs, in¢ludin8 SUPPOrt costs involved in undertakin8 each activity. Direcl cost5 atlribulable lo 3 single liVi1Y are allocaied direcily lo that activity. Shared cosls which conlribute to more IhAn one activity and support costs which are nol allribulable lo a single activily are apportioned belween ihose aclivili¢s on a basis consislent with Ihe use of resources. Cenlral staff costs ar¢ allated on ihe basis of lime spent. and deprecialion charges are allocaled on the porlion of Ihe asset's use.
SIGNERMAKERS CI OTES T HE AN IAL TATEMENT FOR THE YEAR ENDED 4 RIL 2024 Accounting policies (Continued) 1.6 Tanglble fixed assets Tangible fixed assets are inilially measured at cosl and subsequently measured at cost or ValtIOn, net of deprecialion and any impairnienl losses. Depreciation is re¢ognised so as 10 wriie off Ihe cosi or valuation ofassels less their residual values over ihcir useful lives on Ihe following bases.. Freehold land and buildin¥s nol Cuen11Y depreciated The gain or1055 arising on Ihe disposal of an a55el is dclermined a5 the difference between Ihe sale proceeds and the carrying value ofihe assei. and is reeognised in Ihc slal¢meni of financial aclivilies. 1.7 ImpAlrment of fixed assets Ai each reporting end date. Ihe CIO reviews the carryin¥ amounts of its tangible asse15 lo delemiine whether there is any indication thal those assels have suffered an impairnicnl loss. If any such indication exis15, the recoverable amount of the assel is esiimaled in order lo dderniinc the exlenl of Ihe impairnienl loss (if any). 1.8 Cash Ind cash equlvalents Cash and ¢ash equival¢nls include cash in hand, deposils held al call with banks, other short-IC liquid inveslmeDt5 Wlth original malurilies of Ihree monlhs or less. and bank overdrafts. Bank overdrafts are shown within lrowIngS in current iabililies. Basl¢flnanclal assets Basic financial assels, which include debtors and cash and bank balances, are inilially measured al transaction price including IransaLlion cosls und are subsequenily Caled ai amorlised cost using Ihe effective interesl meihod unless (he aangement con51ilules a financing Irdllsaclivn, whi'r¢' Ihe Iransaclion is rneasurcd al th¢ prc5cnl valuc of Ihc future receipts discounlcd al a market rale of inleresl. Financial a$sels classified as receivable wilhin one year are not amortised. Boslcflnonclttl Ilobllliles Basic financial liabiliiies, including Creditors and bank loans Are inilially recognised al Iransaclion price unless the aangement ¢on51ilul¢s a financing Iran5aclion, wh¢r¢ ihe d¢bt in51rum¢nl is m¢a5ur¢d al the present value of the future paymenls discounled al a m8rkel rale of inl¢resl. Financial liabilities classified as payable wilhin one year are not amorlised. Debt inslrumenls are subsequently carried al amonised ¢osl, using the effective inlerest rate method. Trade credilots are obligalions lo pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified a5 curreni liabililies if paymenl is due within one year or less. If nol, Ihey are presented &s non-currenl liabililies. Trade creditors are reco8nised initially ai Iransaclion price and subsequently measuffd al amorlised cost using the ctyective interesi method. Derecogrtlllon offlnancl41 Ilubllilles Financial liabililies are derecognised when Ihe CIO'S conlraclual obligalions expire or are dihaT8¢d or cancelled. 1.9 Employ¢e benefits The cost of any unused holiday eniiilemenl is recognised in the period in which the employee's services ar¢ received. Ternlinalion benefils are recognised immediately as an expense when the CIO 15 demonslrably commiiled to lerniinale the employmeni of an employee or to provide lemiinaiion benefits.
NERMAKERS CIO THE FINANCIAL STATEMENTS CONTINUE R ENDED 4 APRIL 2024 Crltieal aeeounting estimates and judgements n the applie8lion of the CIO'S accounling policies, the lrnslees are required lo make judgemenls. ¢slimales and ossumplions about lh¢ Carrying amount of assels and liabilities Ihal are nol readily apparent from other 5ourr¢s. The e51im&les and associated assumption5 are based on historical experience and other factors that are considered lo be relevant. Actual results may ditTer from Ihesc esiimaies. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling e51imales are recognised in the period in which the eslimatc 15 revised where the revision affects only Ihal peri(Kl, or in Ihe Peri of Ihe revisi( and fulure periods where the revision affects both currenl and lulure periods. In¢ome from donAtIoTrs and leg¢ie$ Unrestrlcted runds 2024 Restrlcted funds 2024 Total Unrestricted funds 2023 Restrlcted funds 2023 Total 2024 2023 Donalions and gifts Grants JO,348 30,348 254.267 ,026 2,176 3,202 254,267 30.J48 254,267 284,615 ,026 2.176 3.202 Income from ¢hiritble s¢tivltSes Unrestricted funds 2024 Unre$trlcted funds 2023 General Charitable aclivilies Licence fees 16,944 18,265 10,683 8,765 35.209 19,448 Income from Investments Unre5trieted Unrestrieted funds fund$ 2024 2023 Inleresl receivable 105 10.
DESI NE MAKER NOTE THE FINAN IAL FOR THE YEAR ENDED 4 APRIL 2024 Expendlture on eharitable Aetiyities Premlses 2024 Premlses 2023 Dire¢t Costs Rent (lease) Cost of¢h8rilable evenls Building improvemenlslrepairs Insurance Safeguarding Utililies Advertising and marketing 4.584 14,268 3,049 2,820 30 10,275 1,018 2.167 2,261 2,635 30 5,806 36.044 17.899 Share of Support 2nd governAn¢e ¢o$ts (see note 7) Govemanee 2,206 2,210 38,250 20,109 Analysls by fund Unreslricled funds Re$lricled funds 36,074 2.176 20,109 38,250 20.1(P) Support CO515 AIIocAted to g¢tlvltle¥ Premlses 2024 Total 2023 Governance 2,206 2,210 Net movement In funds 2024 2023 The nel movemenl in funds is staled after charging/(cr¢diting)'. Fees payable for the independent examinalion olthe charity's financial slalemenls 354 246 Trustees None of the Iruslees (or any persons connected with them) received any remuneration OT benefits from the CIO during Ihe year. 11
DESIGNERMAKERS CIO NOT RTH YEAR ENDED 4 AP io Employee$ The average monihly number of employees during the year was.. 2024 Number 2023 Number Tolal There wer¢ no ¢mploye¢s whose annual remuneration was more than £60,000. Remuneratlon of key m2nAgement personntl The remuneralion of key management personnel was as follows: 11 Taxallon The charily is exempl from laxalion on ils aclivilies because all ils income is applied for charilable purposes. 12 Tanglble flxed assets Fr¢¢hold l•nd Cost Addilions 258,222 At 4 April 2024 258.222 Carrylng amount Al 4 April 2024 258,222 13 Restricted fundi The reslricled funds of the charily comprise the unexpended balances of donalions and granls held on lrnsl Subject lo specific Conditions by donor5 as 10 how ihey MAY be used. At S April 2023 Ineomlng resource5 Resources At 4 Aprll 2024 expended Generdl unreslricled 2,176 254,267 (2,176) 254,267 Previous year: At 5 April 2022 Ineomlng resourtes Resources At 4 Aprll 2023 expended General unrestri¢led 2,176 2,176 12-
DESIGNEIiMAKERS C NOTES TO THE FtNANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDE 14 Unreslrleted funds The unresirieied funds ofthe charily coniprise ibe unexpended balances of donalions and granls which are nol Subject to sp¢¢ifi¢ condilion5 by donors and Branlors as lo how they may be used. These in¢lud¢ d¢5ignal¢d funds which have been sel aside oul of unreslncled funds by the Iruslees for specific purposes. At S Aprll 2023 Incomlng reJour¢¢s Resources At 4 Aprll 2024 expended GeneTal fund5 13,073 65,662 (36,074) 42,661 Prevlous yeAr: At S Aprll 2022 Ineomlng r¢sovr¢es Resources At 4 Aprll 2023 expended General funds 12,708 20.474 (20,109) 13,073 Analy81s of net wsyet5 between funds Unrejtrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 4 Aprll 2024: Tangible assets Current asselsl(liabililics) 3,955 38,706 254.267 258,222 38,706 42,661 254,267 296,928 Vnrestricted funds 2023 Restrieted funds 2023 TotAI 2023 At 4 Aprll 2023: Curreni asselsl{liabililies) 13,073 2,176 15,249 13,073 2,176 15,249 16 Related party trAnsa¢tlons There were no disclosable related party transactions during the year {2023 - none). 13-