| PAGE | ||||
|---|---|---|---|---|
| Trustees' | annual report | |||
| Independent examiner's report to the trustees |
||||
| Statement | offinancial activities |
|||
| Statement | offinancial position |
|||
| Notes to | the financial statements |
|||
| The following pages do not form part of |
the financial statements | |||
| Detailed | statement offinancial | activities | 21 | |
| Notes to | the detailed statement | offinancial | activities | 22 |
| Registered | charity | name | The Arts Charity at Dean Clough |
|---|---|---|---|
| Charity registration | number | 1170751 | |
| Principal office | Dean Clough | ||
| Halifax | |||
| West Yorkshire | |||
| HX3 5AX | |||
| Trustees | Mr R Standen | ||
| Mr BBurton | |||
| Mrs A D Cormac | |||
| Mrs SC Holdsworth | |||
| Dr WRLawrence | |||
| Executive Director | Mr VAllen | ||
| Finance Officer | Mrs LCooper | ||
| Independent | examiner | Andrea Kennedy BFPFCA FCCA ATT(Fellow) | |
| Spenser Wilson Ltd | |||
| Equitable House |
|||
| 55Pelion Lane | |||
| Halifax | |||
| West Yorkshire | |||
| HXI 5SP | |||
| Bankers | Handelsbanken | ||
| Ground Floor | |||
| Fearnley Mill | |||
| Dean Clough | |||
| Old Lane | |||
| Halifax | |||
| West Yorkshire | |||
| HX3 5AX | |||
| Solicitors | Wrigleys Solicitors LLP | ||
| 19Cookridge Street | |||
| Leeds | |||
| West Yorkshire | |||
| LS23AG |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | ||||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 75,021 | 10,800 | 85,821 | 62,089 | |
| Charitable activities |
5 | 28,817 | 28,817 | 25,240 | ||
| Other trading activities | 6 | 8,925 | 8,925 | 3,104 | ||
| Other income | 7 | 10,117 | 10,117 | 661 | ||
| Totalincome | 122,880 | 10,800 | 133,680 | 91,094 | ||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 8,9 | 121,979 | 10,300 | 132,279 | 107,625 |
| Total expenditure | 121,979 | 10,300 | 132,279 | 107,625 | ||
| Net income/(expenditure) | 901 | 500 | 1,401 | (16,531) | ||
| Transfers between funds |
785 | (785) | ||||
| Net movement in funds |
1,686 | (285) | 1,401 | (16,531) | ||
| Reconciliation offunds | ||||||
| Total funds brought forward |
34,594 | 285 | 34,879 | 51,410 | ||
| Total funds carried forward | 36,280 | 36,280 | 34,879 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | ||||||||
| FIXEDASSETS | ||||||||
| Tangible fixed assets | 15 | 1,274 | 1,516 | |||||
| CURRENT ASSETS | ||||||||
| Debtors | 16 | 10,437 | 14,441 | |||||
| Cash at bank and in hand | 40,807 | 52,313 | ||||||
| 51,244 | 66,754 | |||||||
| CREDITORS: amounts | falling due | |||||||
| within one year |
17 | 16,238 | 33,391 | |||||
| NKT CURRENT ASSETS | 35,006 | 33,363 | ||||||
| TOTAL ASSETSLESS | CURRENT | |||||||
| LIABILITIES | 36,280 | 34,879 | ||||||
| NKT ASSETS | 369280 | 34,879 | ||||||
| FUNDS OFTHK CHARITY | ||||||||
| Restricted funds | 285 | |||||||
| Unrestricted funds |
36480 | 34,594 | ||||||
| Total charity funds | 20 | 36,280 | 34,879 |
| 4. | DONATIONS | AND LEGACIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||||
| funds | funds | 2022 | ||||
| DONATIONS | ||||||
| Dean Clough | 69,218 | 69,218 | ||||
| GRANTS | ||||||
| Government | grant income | 5,803 | 10,800 | 16,603 | ||
| 75,021 | 10,800 | 85,821 | ||||
| Unrestricted | Restricted | Total funds | ||||
| fullds | fimds | 2021 | ||||
| DONATIONS | ||||||
| Dean Clough | 12,400 | 12,400 | ||||
| GRANTS | ||||||
| Government | grant income | 31,150 | 18,539 | 49,689 | ||
| 43,550 | 18,539 | 62,089 | ||||
| 5. | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Total funds | Unrestricted | Total funds | |||
| funds | 2022 | funds | 2021 | |||
| Income for studio hire | 28,817 | 28,817 | 25,240 | 25,240 | ||
| 6. | OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Total funds | Unrestricted | Total funds | |||
| funds | 2022 | funds | 2021 | |||
| Artists commissions received |
8,925 | 8,925 | 3,104 | 3,104 |
| OTHE | R INCOME | ||||
|---|---|---|---|---|---|
| Unrestricted | Total funds | Unrestricted | Total funds | ||
| funds | 2022 | funds | 2021 | ||
| Other | income | 10,117 | 10,117 | 661 | 661 |
| EXPEN | DITURE ON CHARITABLE | ACTIVITIES BYFUND TY | PE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||
| funds | funds | 2022 | ||
| Gallery | and studio costs | 13,551 | 1,500 | 15,051 |
| Support | costs | 108,428 | 8,800 | 117,228 |
| 121,979 | 10,300 | 132&279 | ||
| Unrestricted | Restricted | Total funds | ||
| funds | funds | 2021 | ||
| Gallery | and studio costs | 1,207 | 15,846 | 17,053 |
| Support | costs | 42,879 | 47,693 | 90,572 |
| 44,086 | 63,539 | 107,625 |
| EXPENDIT | URE ON CHARIT | ABLE ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Total funds | Total funds | |||
| directly | Support costs | 2022 | 2021 | ||
| 8 | |||||
| Gallery and | studio costs | 15,051 | 105,237 | 120488 | 104,444 |
| Governance | costs | 11,991 | 11,991 | 3,181 | |
| 15,051 | 117,228 | 132,279 | 107,625 |
| 10. | ANALYSIS | OF SUPPO | RT CO | STS | |||
|---|---|---|---|---|---|---|---|
| Total 2022 | Total 2021 | ||||||
| Staffcosts | 38,571 | 39,549 | |||||
| Rent, rates, service charges, light and | heat | 44,650 | 27,832 | ||||
| Telephone and computer |
expenses | 1,386 | l,255 | ||||
| General office | 115 | 1,849 | |||||
| Insurance | 9,660 | 8,844 | |||||
| Repairs and | maintenance | 1,575 | 720 | ||||
| Licence fees | 939 | 53 | |||||
| Advertising | 2,287 | 1,284 | |||||
| Health and safety expenses | 137 | 153 | |||||
| Printing and |
stationery | 51 | 372 | ||||
| Cleaning | 5,402 | 4,963 | |||||
| Bank interest | and charges | 544 | 517 | ||||
| Accountancy | 1,946 | 1,350 | |||||
| Professional | fees and consultancy | 10,045 | 1,831 | ||||
| 117,308 | 90,572 | ||||||
| 11. | NKT INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||||
| 2022 | 2021 | ||||||
| 5 | |||||||
| Depreciation | oftangible | fixed assets | 542 | 571 | |||
| 12. | INDEPENDENT EXAMINATION | FKKS | |||||
| 2022 | 2021 | ||||||
| 8 | |||||||
| Fees payable | to the independent | examiner for: | |||||
| Independent | examination | ofthe financial statements | 1,946 | 1,350 | |||
| Other assurance services |
714 | 315 | |||||
| 2,660 | 1,665 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Wages and salaries | 38,056 | 39,383 | |||||
| Employer contributions |
to | pension plans | 515 | 166 | |||
| 38,571 | 39,549 | ||||||
| The average head count | ofemployees | during the year | was 2(2021:2).The | average | number of full- | ||
| time equivalent employees |
during the | year is analysed | as follows: | ||||
| 2022 | 2021 | ||||||
| No. | No. | ||||||
| Number ofstaff | 2 | 2 |
| No remuneration or other benefits from received by the trustees. TANGIBLE FIXEDASSETS |
employment with the char |
ity or a |
related e |
ntity were |
|---|---|---|---|---|
| Land and | Fixtures | and | ||
| buildings | fittings | Total | ||
| Cost | ||||
| At 1January 2022 | 2,289 | 836 | 3,125 | |
| Additions | 300 | 300 | ||
| At 31December 2022 | 2,289 | 1,136 | 3,425 | |
| Depreciation | ||||
| At 1 January 2022 | 1,512 | 97 | 1,609 | |
| Charge for the year | 458 | 84 | 542 | |
| At 31December 2022 | 1,970 | 181 | 2,151 | |
| Carrying amount |
||||
| At 31December 2022 | 319 | 955 | 1,274 | |
| At 31December 2021 | 777 | 739 | 1,516 |
| DEBTORS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Trade debtors | 2,200 | 3,125 | |||
| Prepayments | and accrued | income | 8&228 | 11,307 | |
| Other debtors | 9 | 9 | |||
| 10,437 | 14,441 | ||||
| CREDITOR | S: amounts | falling due within | one year | ||
| 2022 | 2021 | ||||
| Trade creditors | 8,975 | 27,310 | |||
| Accruals and | deferred income | 4,910 | 3,458 | ||
| Social security and other | taxes | 1&883 | 2,153 | ||
| Other creditors | 470 | 470 | |||
| 16,238 | 33,391 |
| The amounts | recognised in the financi |
al statements for governm |
ent grants are as follow |
s: |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Recognised | in income from donations | and legacies: | ||
| Government | grants income | 16,603 | 49,689 |
| Unrestric | ted funds |
|||||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| 1 | January | 31 | December | |||||
| 2022 | Income | Expenditure | Transfers | 2022 | ||||
| General | funds | 34,594 | 114,353 | (121,979) | 785 | 27,753 | ||
| Geoffrey | Anderson | |||||||
| Bequest | 8,527 | 8,527 | ||||||
| 34,594 | 122,880 | (121,979) | 785 | 36,280 | ||||
| At | At | |||||||
| 1 | January | 31 | December | |||||
| 2021 | Income | Expenditure | Transfers | 2021 | ||||
| f. | ||||||||
| General | funds | 6,125 | 72,555 | (44,086) | 34,594 | |||
| Geoffrey | Anderson | |||||||
| Bequest | ||||||||
| 6,125 | 72,555 | (44,086) | 34,594 |
| Restrict | ed funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 | January | 31December | |||||
| 2022 | Income | Expenditure | Transfers | 2022 | |||
| F | |||||||
| Chord | 285 | (285) | |||||
| Flood management | |||||||
| project | 10,800 | (10,300) | (500) | ||||
| Cultural | Regeneration | ||||||
| Fund | |||||||
| 285 | 10,800 | (10,300) | (785) | ||||
| At | At | ||||||
| 1 | January | 31December | |||||
| 2021 | Income | Expenditure | Transfers | 2021 | |||
| Chord | 285 | 285 | |||||
| Flood management | |||||||
| project | |||||||
| Cultural | Regeneration | ||||||
| Fund | 45,000 | 18,539 | (63,539) | ||||
| 45,285 | 18,539 | (63,539) | 285 |
| ANALYSIS OF N | KT ASSETSBETW | EEN FUNDS | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Tangible fixed assets | 1,274 | 1,274 | ||
| Current assets | 51,244 | 51,244 | ||
| Creditors less than | 1 year | (16,238) | (16,238) | |
| Net assets | 36,280 | 36,280 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Tangible fixed assets | 1,516 | 1,516 | ||
| Current assets | 66,469 | 285 | 66,754 | |
| Creditors less than | 1 year | (33,391) | (33,391) | |
| Net assets | 34,594 | 285 | 34,879 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Expenditure on charitable |
activities | ||||
| Gallery and studio costs | |||||
| Activities undertnken |
directly | ||||
| Light &heat | 3,074 | 3,086 | |||
| Donations | 20 | ||||
| Depreciation | 542 | 571 | |||
| Transport costs |
310 | 952 | |||
| Gallery technician | 4,372 | 4,122 | |||
| Gallery co-ordinator | 5,190 | 4,380 | |||
| Hospitality | 543 | 554 | |||
| Gallery materials | and | equipment | 1,000 | 3,388 | |
| 15,051 | 17,053 | ||||
| Support costs | |||||
| Wages and salaries | 38,056 | 39,383 | |||
| Pension costs | 515 | 166 | |||
| Rent and service charges | 21/72 | 11,918 | |||
| Rates and water | 420 | 556 | |||
| Light and heat | 22,958 | 15,358 | |||
| Repairs and maintenance | 1,575 | 720 | |||
| Insurance | 9,660 | 8,844 | |||
| Computer expenses |
460 | 458 | |||
| Cleaning | 5,402 | 4,963 | |||
| Licence fees | 939 | ||||
| Telephone | 926 | 797 | |||
| Bank interest and | charges | 544 | 517 | ||
| Other office costs | 35 | 1,849 | |||
| Advertising | 2,287 | 1,284 | |||
| Health and safety | expenses | 137 | 153 | ||
| Printing and stationery |
51 | 372 | |||
| Bad debts | 53 | ||||
| 105,237 | 87,391 | ||||
| Governance costs |
|||||
| Accountancy fees |
1,946 | 1,350 | |||
| Legal and other professional | fees | 1&247 | 915 | ||
| Consultancy | 8,798 | 916 | |||
| 11,991 | 3,181 | ||||
| Expenditure on charitable |
activities | 132,279 | 107,625 |