THE ARTS CHARITY AT DEAN CLOUGH
UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024
CHARITY REGISTRATION NUMBER: 1170751
THE ARTS CHARITY AT DEAN CLOUGH
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
| PAGE | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 19 |
| Notes to the detailed statement of financial activities | 20 |
THE ARTS CHARITY AT DEAN CLOUGH
TRUSTEES' ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name The Arts Charity at Dean Clough Charity registration number 1170751 Principal office Dean Clough Halifax West Yorkshire HX3 5AX THE TRUSTEES Mr R Standen Mr B Burton (Resigned 18 April 2024) Mrs A D Cormac Mrs S C Holdsworth Dr W R Lawrence Mr D L Allen Ms A Varkalis
INDEPENDENT EXAMINER Sally Shacklock FCA Streets Spenser Wilson (Yorkshire) Limited Equitable House 55 Pellon Lane Halifax West Yorkshire HX1 5SP
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THE ARTS CHARITY AT DEAN CLOUGH
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was formed under the Charities Act 2011, Charitable Incorporated Organisation Foundation Model, on 14 December 2016.
The management of the charity is carried out by the officers.
Recruitment and appointment of trustees
Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
The trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charitable Incorporated Organisation (CIO).
Trustee Induction and training
Induction and training are provided as required depending on the role to be undertaken and the skills of the trustee.
Risk Management
The Management Committee has conducted a review of the major risks to which the charity is exposed. Where appropriate, systems and/or procedures have been established to mitigate the risks the charity faces. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff and volunteers.
OBJECTIVES AND ACTIVITIES
The objects of the CIO are to advance for the public benefit such exclusively charitable purposes (according to the laws of England and Wales) as the charity trustees see fit from time to time including (but without limiting the generality of the foregoing):
- The advancement of the arts, in particular (but not exclusively):
a. By the staging of public exhibitions and arts events in order to develop public appreciation of the arts and to improve public access to the arts; and
b. By the provision of studio and workshop spaces to encourage and support the practice of the arts in various forms.
- The advancement of education, in particular (but not exclusively), through the development and promotion of educational arts programmes for the public.
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THE ARTS CHARITY AT DEAN CLOUGH
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENTS AND PERFORMANCE
The aims for 2024 as outlined in the 2023 report have been mainly achieved.
2024 has been a productive year with the Charity attaining some degree of financial stability. It included modest funding for core support staff from improved income generation.
ACDC completed the Community Art School and established a range of courses and events for Calderdale communities. Sustained presence on social media and the building up of our database as well as forging partnerships with other organizations and social groups, has secured ACDC's position as a significant arts provider. The plan to gain Heritage grant- funding began early in 2024 but has not been carried forward. However, Fletcher's Mill, the Stable Block and Mill House Studios have benefitted from no cost/low cost refurbishment e.g. fluorescent lighting to LED, minor repairs and upgrades such as Wi-Fi in Mill House and the Howden's donation of a new communal kitchen in Fletcher's Mill fitted by Calderdale College staff and students. Applications for core funding continued.
It has still not been possible to reinstate the Executive Director's position and the role and responsibilities continue to be fulfilled by Executive Trustees. Again, Away Days took place to review ACDC's progress and future management of the Charity.
Steps Towards Financial Security continue. Examples include charges for exhibition spaces and curatorial costs which resulted in sustainable exhibition programmes, letting meeting spaces and the Community Art School programme of courses and events.
Successful bids were made to CultureDale for projects such as The Amma Ji Trailblazers in partnership with The Women's Activity Centre for South Asian elderly women, Age UK Art workshops and those for neuro-divergent young people funded by the Sir George Martin Trust, resulted in a modest additional income. The drive to secure 'accessibility funds' continued.
In 2024 ACDC won the Arts and Culture Placemaking Award. The award celebrates excellence in improving public spaces to enhance community life.
Reviews and updating of policies and operational systems continued throughout 2024.
In addition to repositioning and rehanging the Dean Clough Permanent Art Collection, twelve art exhibitions were curated as listed.
-
Doug Binder and the Permanent Collection
-
Calderdale College Art Assessment Exhibition
-
ACDC Dean Clough Artist Biennial Exhibition
-
The Grid Project. 'In search of Urban Happiness' Dave Allen
-
Helen Jones
-
Judy Sale
-
Barry De More 'The Artist and His Studio'
-
The Calligraphy and Lettering Arts Society
-
Malcolm Barton and Roger Gardner
-
Linda Brill 'Ten years of Still Life'
-
Pinc College 'Examination Showcase'
-
Invictus Well being Photography Showcase'
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THE ARTS CHARITY AT Dll AN CLOUGH TRUSTEES, ANNUAL REPORT (Coll1}t) YEAR ENDED 31 DEI CIMBKR 2024 FINANCIAL REIVIEW During the yeai. income exceeded ¢xpenditLire by £16,404 (during 2023 expenditure exceeded income by £38,903). The officers consider the charity to be in a good financial position. The ch8Jity continued the redevelopment from 2022 with continLied support from Dean Clou7 and new siipport from Calderdale Coull¢il, The exhibition programme moved to a new level. witli significant ilicom¢ and tlie Art School caine online. Repairs to Fletchers Mill continued. By the end of 2024 there was significant funds available to develop the staff teain for 2025 and a fiind-raising pro¢ was in ple. RESERVEI S AND FUNDS The charity holds reserves, wliich it is felt are adequate to cover its presenl and future requirements. Reserves at the year end were £91,588 (2023 - £75,184). The total Linrestricted fiinds are £91,588 and will be used towards furtherance of the Ch1tble activities. The restricted fund balance was £nil as at 31 December 2024. PUBLIC BEI NEFIT The Trustees confirni that they have complied witli their duty to have diie regard for the Charity Commission's general lidance on publi¢ benefLI, 'Charities and piiblic benefit,. PLANS FOR FUTUREI PERIODS The aim for 2025 includes raising additional core funding to SLlPPOrt the charity's operations and employing n]ore staff to strengthen specific funetions. Ln addition, the chaLUty plans to identify and fundraise for new projects that align with its mission and can be delivered by the Arts Charity. The trustees, annual report was approved on I l Febriiary 2026 and signed on behalf of tlie bO.d of trustees by.. Standen Trustee
THE ARTS CHARITY AT DEAN CLOUGH INDEPE1%ENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ARTS CHARITY AT DEAN CLOUGH YEAR EIYDED 31 DECEMBER 2024 I I"eport to the trustees on my examination of the financial stateinents of Tjie Arts Charity at Deali Clough ('tlic charity) for the year elided 31 Decemlxr 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity you are responsible for the preparation of the fInancial stateiiieiits in accordaiice with the requirements of the Charities Act 2011 ('th¢ Acl.). I repori in respect of my examination of tlie charity's financial statetnents carried out under sectioii 145 of the 201 K Act and in Cal'ryin out my examination I have followed all the applicable Dii'ections given by the Charity Commission linder section 145(5)(b) of the ACL INDEPENDELYT EXAMINER'S STATEMENT I have complcted my exainination. I coiifinii that no material niatteTS have come to my attention in connection with tlie exajn ination giving ine cause to believe that in any material respect: accouiiLing records were not kcpt in respect of the clianty as Tequircd by sectÉon IJO of tlie Ihe financial stalements do not accord with thosc records" or the fiiiancial stateinents do not comply with the applicable i'equirem¢iits concerning tlie fonn aiid coiitent ot accounts set out in the Charities (Accounts and Reports) Regulations 2008 otlier tlian any requirejnent that the accounts givc a 'true and fair, view which is not a mattel. Lonsidcrcd as part of an indcpendeiit exMination. I have no conccrns and Iiave ¢otne across no other tnatters in connection with the examiiiatlon to wliicli attcntion sliould be drawn in this rert in order to enable a proper uiiderstanding of the accounts to be reached. Sally Shacklock FCA Independent Examin¢r Equitable House 55 P¢lloii Lane Halifax West Yorkshire HXI 5SP I I r¢bniary 2026
THE ARTS CHARITY AT DEAN CLOUGH
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 57,121 | 6,005 | 63,126 | 57,693 |
| Charitable activities | 5 | 57,773 | – | 57,773 | 51,351 |
| Other trading activities | 6 | 1,485 | – | 1,485 | 3,269 |
| Other income | 7 | 9,883 | – | 9,883 | 10,649 |
| ------------------------------------- | -------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total income | 126,262 | 6,005 | 132,267 | 122,962 | |
| ===================================== | ========================== | ===================================== | ===================================== | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 |
101,509 | 14,354 | 115,863 | 84,059 |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total expenditure | 101,509 | 14,354 | 115,863 | 84,059 | |
| ===================================== | =============================== | ===================================== | ===================================== | ||
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Net income and net movement in | funds | 24,753 | (8,349) | 16,404 | 38,903 |
| ===================================== | =============================== | ===================================== | ===================================== | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 66,835 | 8,349 | 75,184 | 36,280 | |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total funds carried forward | 91,588 | – | 91,588 | 75,184 | |
| ===================================== | =============================== | ===================================== | ===================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 17 form part of these financial statements.
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THE IIRTS CHARITY AT DEAN CLOUGH STATEI MENT OF fllYANCIAL POSITION 31 DEcEIlBER2O24 2024 2023 Iyote FIXED ASSEI TS Tangible fixed &8sets 15 7,256 2,459 CURREI NT ASSEI TS Debtors Cash at bank and in hand 16 432.10 74,806 17,787 63,498 118,016 81,285 CREDITORS: amounts falling due wfithin one year NET CURRLNT ASSETS 17 33,684 8,561 84J32 72.724 TOTAL ASSETS LESS CURRENI LIABILITIES 91,588 75,183 NEI T ASSEI TS 91,588 75,183 FUNDS OF THE CHARITY Restricted funds Unrestricted funds 8,349 66,835 91,588 Total charity funds 20 91,588 75,184 These financi stateinents We approved by the board of trustees and authorised for issue on I l February 2026, and are sign¢d on behalf of the board by: MrR den The notes on pages 8 to 17 form part of these financial statemeiits.
THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Dean Clough, Halifax, West Yorkshire, HX3 5AX.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
3. ACCOUNTING POLICIES (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
3. ACCOUNTING POLICIES (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 5 years straight line Fixtures and fittings - 10 years straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
3. ACCOUNTING POLICIES (continued)
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| DONATIONS | |||
| Dean Clough | 57,121 | – | 57,121 |
| GRANTS | |||
| Grants receivable | – | 2,980 | 2,980 |
| Government grant income | – | 3,025 | 3,025 |
| ------------------------------- | -------------------------- | ------------------------------- | |
| 57,121 | 6,005 | 63,126 | |
| =============================== | ========================== | =============================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| DONATIONS | |||
| Dean Clough | 42,693 | – | 42,693 |
| GRANTS | |||
| Grants receivable | – | – | – |
| Government grant income | – | 15,000 | 15,000 |
| ------------------------------- | ------------------------------- | ------------------------------- | |
| 42,693 | 15,000 | 57,693 | |
| =============================== | =============================== | =============================== |
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
5. CHARITABLE ACTIVITIES
| 5. | CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Income for studio hire | 57,773 | 57,773 | 51,351 | 51,351 | |
| =============================== | =============================== | =============================== | =============================== | ||
| 6. | OTHER TRADING ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Artists commissions received | 1,485 | 1,485 | 3,269 | 3,269 | |
| ========================== | ========================== | ========================== | ========================== | ||
| 7. | OTHER INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Other income | 9,883 | 9,883 | 10,649 | 10,649 | |
| ========================== | ========================== | =============================== | =============================== | ||
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES BY FUND TYPE | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Gallery and studio costs | 9,684 | 4,187 | 13,871 | ||
| Support costs | 91,825 | 10,167 | 101,992 | ||
| ------------------------------------- | ------------------------------- | ------------------------------------- | |||
| 101,509 | 14,354 | 115,863 | |||
| ===================================== | =============================== | ===================================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Gallery and studio costs | 8,967 | 640 | 9,607 | ||
| Support costs | 68,440 | 6,011 | 74,452 | ||
| ------------------------------- | -------------------------- | ------------------------------- | |||
| 77,407 | 6,651 | 84,059 | |||
| =============================== | ========================== | =============================== |
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
9. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | ||||
|---|---|---|---|---|
| undertaken |
Support | Total funds |
Total fund | |
| directly |
costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Gallery and studio costs | 13,871 | 97,724 | 111,595 | 78,967 |
| Governance costs | – | 4,268 | 4,268 | 5,092 |
| ------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------- | |
| 13,871 | 101,992 | 115,863 | 84,059 | |
| =============================== | ===================================== | ===================================== | =============================== |
10. ANALYSIS OF SUPPORT COSTS
| Analysis of | ||||
|---|---|---|---|---|
| support costs | Total 2024 | Total 2023 | ||
| £ | £ | £ | ||
| Staff costs | 12,256 | 12,256 | 20,255 | |
| Premises | 38,075 | 38,075 | 21,355 | |
| Communications and IT | 1,753 | 1,753 | 1,051 | |
| General office | 2,834 | 2,834 | 897 | |
| Insurance | 11,820 | 11,820 | 10,810 | |
| Repairs and maintenance | 9,213 | 9,213 | 8,509 | |
| Licence fees | 13,116 | 13,116 | 1,012 | |
| Advertising | 897 | 897 | 1,252 | |
| Printing and stationery | 1,021 | 1,021 | 68 | |
| Cleaning | 6,738 | 6,738 | 4,147 | |
| Bank interest and charges | – | – | 4 | |
| Accountancy | 3,544 | 3,544 | 2,085 | |
| Professional fees and consultancy | 725 | 725 | 3,007 | |
| ------------------------------------- | ------------------------------------- | ------------------------------- | ||
| 101,992 | 101,992 | 74,452 | ||
| ===================================== | ===================================== | =============================== | ||
| 11. | NET INCOME | |||
| Net income is stated after charging/(crediting): | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 678 | 515 | ||
| ================ | ================ | |||
| 12. | INDEPENDENT EXAMINATION FEES | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 3,544 | 2,085 | ||
| ========================== | ========================== |
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
13. STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 12,088 | 20,233 |
| Employer contributions to pension plans | 169 | 22 |
| ------------------------------- | ------------------------------- | |
| 12,257 | 20,255 | |
| =============================== | =============================== | |
| The average head count of employees during the year was 1 (2023: 1). The average | number of | |
| full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Number of staff | 1 | 1 |
| ================ | ================ |
The average head count of employees during the year was 1 (2023: 1). The average number of full-time equivalent employees during the year is analysed as follows:
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
15. TANGIBLE FIXED ASSETS
| Land and | Fixtures | ||
|---|---|---|---|
| buildings | and fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2024 | 2,289 | 2,836 | 5,125 |
| Additions | – | 5,475 | 5,475 |
| -------------------------- | -------------------------- | ------------------------------- | |
| At 31 December 2024 | 2,289 | 8,311 | 10,600 |
| ========================== | ========================== | =============================== | |
| Depreciation | |||
| At 1 January 2024 | 2,286 | 380 | 2,666 |
| Charge for the year | – | 678 | 678 |
| -------------------------- | -------------------------- | ------------------------------- | |
| At 31 December 2024 | 2,286 | 1,058 | 3,344 |
| ========================== | ========================== | =============================== | |
| Carrying amount | |||
| At 31 December 2024 | 3 | 7,253 | 7,256 |
| ========================== | ========================== | =============================== | |
| At 31 December 2023 | 3 | 2,456 | 2,459 |
| ========================== | ========================== | =============================== |
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
16. DEBTORS
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 41,462 | 12,404 |
| Prepayments and accrued income | 1,748 | 5,374 |
| Other debtors | – | 9 |
| ------------------------------- | ------------------------------- | |
| 43,210 | 17,787 | |
| =============================== | =============================== | |
| CREDITORS: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Trade creditors | 28,814 | 4,212 |
| Accruals and deferred income | 4,379 | 3,789 |
| Social security and other taxes | 21 | 90 |
| Other creditors | 470 | 470 |
| ------------------------------- | -------------------------- | |
| 33,684 =============================== |
8,561 ========================== |
17. CREDITORS: amounts falling due within one year
18. PENSIONS AND OTHER POST RETIREMENT BENEFITS
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £169 (2023: £22).
19. GOVERNMENT GRANTS
The amounts recognised in the financial statements for government grants are as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 3,025 | 15,000 |
| ========================== | =============================== |
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
20. ANALYSIS OF CHARITABLE FUNDS
| Unrestricted funds | ||||
|---|---|---|---|---|
| 1 January | 31 December | |||
| 2024 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 66,835 | 126,262 | (101,509) | 91,588 |
| Geoffrey Anderson Bequest | – | – | – | – |
| ------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------- | |
| 66,835 | 126,262 | (101,509) | 91,588 |
|
| =============================== | ===================================== | ===================================== | =============================== | |
| 1 January | 31 December | |||
| 2023 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 27,753 | 107,962 | (68,880) | 66,835 |
| Geoffrey Anderson Bequest | 8,527 | – | (8,527) | – |
| ------------------------------- | ------------------------------------- | ------------------------------- | ------------------------------- | |
| 36,280 =============================== |
107,962 ===================================== |
(77,407) =============================== |
66,835 =============================== |
The Geoffrey Anderson Bequest is to be used for regeneration of the charity and to assist in setting up an art school within the mill in which the charity operates.
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| 1 January | 31 December | |||
| 2024 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Sir George Martin Trust | – | 2,980 | (2,980) | – |
| Calderdale gain share fund | 8,349 | – | (8,349) | – |
| Calderdale's CultureDale Fund | – | 3,025 | (3,025) | – |
| -------------------------- | -------------------------- | ------------------------------- | ---------------- | |
| 8,349 | 6,005 | (14,354) | – |
|
| ========================== | ========================== | =============================== | ================ | |
| 1 January | 31 December | |||
| 2023 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Sir George Martin Trust | – | – | – | – |
| Calderdale gain share fund | – | 15,000 | (6,651) | 8,349 |
| Calderdale's CultureDale Fund | – | – | – | – |
| ---------------- | ------------------------------- | -------------------------- | -------------------------- | |
| – ================ |
15,000 =============================== |
(6,651) ========================== |
8,349 ========================== |
The Sir George Martin Trust enabled the charity to offer art workshops to two groups with specific needs, namely Invictus Wellbeing, led by artist Claire Murray and Age UK, led by artist Fiona Edmondson. The workshops provided a space for participants to create and socialise, as well as to showcase their work to the general public by exhibiting it in the Dean Clough Galleries.
The Calderdale gain share fund is to build organisational capacity, deliver high quality exhibitions and to support the creative ecology.
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2024
20. ANALYSIS OF CHARITABLE FUNDS (continued)
The Calderdale's CultureDale fund enabled the launch of the Community Carpet Project, which features a ‘carpet’ made from woven litter and recycled materials collected by Calderdale's litter-picking groups. The work was led by artist Frank Darnley who engaged community members in the creation of the concept.
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,256 | – | 7,256 |
| Current assets | 118,016 | – | 118,016 |
| Creditors less than 1 year | (33,684) | – | (33,684) |
| ------------------------------------- | ---------------- | ------------------------------------- | |
| Net assets | 91,588 | – | 91,588 |
| ===================================== | ================ | ===================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 2,459 | – | 2,459 |
| Current assets | 72,936 | 8,349 | 81,285 |
| Creditors less than 1 year | (8,561) | – | (8,561) |
| ------------------------------- | -------------------------- | ------------------------------- | |
| Net assets | 66,834 | 8,349 | 75,183 |
| =============================== | ========================== | =============================== |
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THE ARTS CHARITY AT DEAN CLOUGH
MANAGEMENT INFORMATION
YEAR ENDED 31 DECEMBER 2024
The following pages do not form part of the financial statements.
- 18 -
THE ARTS CHARITY AT DEAN CLOUGH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Dean Clough | 57,121 | 42,693 |
| Grants receivable | 2,980 | – |
| Government grant income | 3,025 | 15,000 |
| ------------------------------- | ------------------------------- | |
| 63,126 | 57,693 | |
| ------------------------------- | ------------------------------- | |
| Charitable activities | ||
| Income for studio hire | 57,773 | 51,351 |
| ------------------------------- | ------------------------------- | |
| Other trading activities | ||
| Artists commissions received | 1,485 | 3,269 |
| -------------------------- | -------------------------- | |
| Other income | ||
| Other income | 9,883 | 10,649 |
| -------------------------- | ------------------------------- | |
| ------------------------------------- | ------------------------------------- | |
| Total income | 132,267 | 122,962 |
| ===================================== | ===================================== |
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THE ARTS CHARITY AT DEAN CLOUGH
NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Gallery and studio costs | ||
| Activities undertaken directly | ||
| Light & heat | 5,923 | 4,796 |
| Bad debts | 9 | 18 |
| Donations | 2,950 | – |
| Depreciation | 678 | 515 |
| Transport costs | 129 | – |
| Gallery technician | 1,492 | 1,298 |
| Gallery co-ordinator | – | 2,340 |
| Hospitality | 717 | 473 |
| Gallery materials and equipment | 1,973 | 167 |
| ------------------------------- | -------------------------- | |
| 13,871 | 9,607 | |
| ------------------------------- | -------------------------- | |
| Support costs | ||
| Wages/salaries | 12,088 | 20,233 |
| Pension costs | 169 | 22 |
| Rent & service charges | 12,744 | 11,011 |
| Rates & water | 439 | 1,019 |
| Light & heat | 24,892 | 9,325 |
| Repairs & maintenance | 9,213 | 8,509 |
| Insurance | 11,820 | 10,810 |
| Computer expenses | 1,081 | 458 |
| Cleaning | 6,738 | 4,147 |
| Licence fees | 13,116 | 1,012 |
| Telephone | 672 | 593 |
| Bank interest and charges | – | 4 |
| Other office costs | 2,834 | 897 |
| Advertising | 897 | 1,252 |
| Printing & stationery | 1,021 | 68 |
| ------------------------------- | ------------------------------- | |
| 97,724 | 69,360 | |
| ------------------------------- | ------------------------------- | |
| Governance costs | ||
| Accountancy fees | 3,544 | 2,085 |
| Legal and other professional fees | – | 432 |
| Consultancy | 724 | 2,575 |
| -------------------------- | -------------------------- | |
| 4,268 | 5,092 | |
| -------------------------- | -------------------------- | |
| ------------------------------------- | ------------------------------- | |
| Expenditure on charitable activities | 115,863 | 84,059 |
| ===================================== | =============================== |
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