**REGISTERED COMPANY NUMBER: 09349428 (England and Wales) REGISTERED CHARITY NUMBER: 1171438** ## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST MARCH 2022** ## **FOR** ## **CAISTOR ARTS AND HERITAGE CHARITY** Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB **CAISTOR ARTS AND HERITAGE CHARITY** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Statement of Financial Activities**||2|| |**Balance Sheet**||3|| |**Notes to the Financial Statements**|4|to|7| |**Detailed Statement of Financial Activities**||8|| ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To advance the arts and advance the education of the general public in the history and heritage of Caistor,in particular but not exclusively by the provision of arts and heritage engagement activities. To provide opportunities for learning and development for the benefit of Caistor and the wider community,proactively reaching out to those who are disadvantaged or hard to reach. ## **ACHIEVEMENT AND PERFORMANCE** CAHC has continued its successful fund raising primarily through the Charity Shop. This is largely run by volunteers with donations from the local community and has proved an excellent source of funds. In addition the "Friends" have continued to donate to support the Caistor Arts and Heritage Centre. These two areas, along with other events and activities have resulted in total income for the year of £43,361 (including Gift Aid). This has enabled the Charity to support the management costs of the Arts and Heritage Centre to the value of £28,233. Without this support Caistor Arts and Heritage Centre would not have been able to provide its services to the community and may well have closed. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 09349428 (England and Wales) **Registered Charity number** 1171438 ## **Registered office** 28 Plough Hill Caistor Market Rasen Lincolnshire LN7 6LZ ## **Trustees** D C Jackson S C Else C L Brewster S Neave ## **Company Secretary** D C Jackson ## **Directors** S Else N M French R J Merrall S Rich C L Yeo Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................................................... S C Else - Trustee Page 1 ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022** |||||**31.3.22**|31.3.21| |---|---|---|---|---|---| |||Unrestricted|Restricted|**Total**|Total| |||fund|fund|**funds**|funds| ||Notes|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||| |Donations and legacies||**4,634**|**1,967**|**6,601**|3,910| |Other trading activities|2|**36,760**|**-**|**36,760**|12,713| |**Total**||**41,394**|**1,967**|**43,361**|16,623| |**EXPENDITURE ON**|||||| |Raising funds|3|**24,272**|**-**|**24,272**|15,418| |Other||**6,166**|**1,967**|**8,133**|(19,069)| |**Total**||**30,438**|**1,967**|**32,405**|(3,651)| |**NET INCOME**||**10,956**|**-**|**10,956**|20,274| |**RECONCILIATION OF FUNDS**|||||| |**Total funds brought forward**||**30,678**|**-**|**30,678**|10,404| |**TOTAL FUNDS CARRIED FORWARD**||**41,634**|**-**|**41,634**|30,678| The notes form part of these financial statements Page 2 ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **BALANCE SHEET 31ST MARCH 2022** |||||**31.3.22**|31.3.21| |---|---|---|---|---|---| |||Unrestricted|Restricted|**Total**|Total| |||fund|fund|**funds**|funds| ||Notes|£|£|**£**|£| |**CURRENT ASSETS**|||||| |Debtors|6|**2,590**|**-**|**2,590**|4,500| |Cash at bank||**38,803**|**12,406**|**51,209**|35,183| |||**41,393**|**12,406**|**53,799**|39,683| |**CREDITORS**|||||| |Amounts falling due within one year|7|**241**|**(12,406)**|**(12,165)**|(9,005)| |**NET CURRENT ASSETS**||**41,634**|**-**|**41,634**|30,678| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||**41,634**|**-**|**41,634**|30,678| |**NET ASSETS**||**41,634**|**-**|**41,634**|30,678| |**FUNDS**|8||||| |Unrestricted funds||||**41,634**|30,678| |**TOTAL FUNDS**||||**41,634**|30,678| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. S C Else - Trustee The notes form part of these financial statements Page 3 ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2.** ## **OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||**31.3.22**|31.3.21| ||**£**|£| |Fundraising events|**98**|-| |Shop and internet sales|**34,992**|11,569| |Social lotteries|**464**|268| |Book sales|**828**|653| |Recycling sales|**378**|223| ||**36,760**|12,713| Page 4 continued... ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **3. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| ||**31.3.22**|31.3.21| ||**£**|£| |Support costs|**22,847**|11,977| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021. ## **5.** ## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3,910
-
Other trading activities
12,713
-
**Total**
16,623
-
**EXPENDITURE ON**
Raising funds
15,418
-
Other
(19,069)
-
**Total**
(3,651)
-
**NET INCOME**
20,274
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
10,404
-
**TOTAL FUNDS CARRIED FORWARD**
30,678
-|Total
funds
£
3,910
12,713| |---|---| ||16,623| ||15,418
(19,069)| ||(3,651)| ||20,274
10,404| ||30,678| Page 5 continued... ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| |---|---|---|---|---| ||||**31.3.22**|31.3.21| ||||**£**|£| ||Other debtors||**2,590**|4,500| |**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**31.3.22**|31.3.21| ||||**£**|£| ||Trade creditors||**600**|-| ||Accrued expenses||**(840)**|(2,867)| ||Deferred grants||**12,405**|11,872| ||||**12,165**|9,005| |**8.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.4.21|in funds|31.3.22| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|**30,678**|**10,956**|**41,634**| ||**TOTAL FUNDS**|**30,678**|**10,956**|**41,634**| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|**41,394**|**(30,438)**|**10,956**| ||**Restricted funds**|||| ||Grant|**1,967**|**(1,967)**|**-**| ||**TOTAL FUNDS**|**43,361**|**(32,405)**|**10,956**| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| |||At 1.4.20|in funds|31.3.21| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|10,404|20,274|30,678| ||**TOTAL FUNDS**|10,404|20,274|30,678| Page 6 continued... ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming|Resources|Movement| |---|---|---| |resources|expended|in funds| |£|£|£| |**Unrestricted funds**||| |General fund
16,623|3,651|20,274| |**TOTAL FUNDS**
16,623|3,651|20,274| |A current year 12 months and prior year 12 months combined position is as follows:||| ||Net|| ||movement|At| |At 1.4.20|in funds|31.3.22| |£|£|£| |**Unrestricted funds**||| |General fund
10,404|31,230|41,634| |**TOTAL FUNDS**
10,404|31,230|41,634| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|58,017|(26,787)|31,230| |**Restricted funds**|||| |Grant|1,967|(1,967)|-| |**TOTAL FUNDS**|59,984|(28,754)|31,230| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st March 2022. ## **10. GOING CONCERN** As a result of the Coronavirus (Covid-19) global pandemic and subsequent 'lockdowns' the charity faced a significant reduction in some of its main sources of income. The Trustees, assisted by the management team, undertook a full assessment of the potential impact of this situation on the charity during the previous year and implemented various measures to ensure that the charity was able to come through this difficult period. There are no indications at this time that the charity does not remain a going concern. Page 7 ## **CAISTOR ARTS AND HERITAGE CHARITY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022** |**FOR THE YEAR ENDED 31ST**|**MARCH 2022**|| |---|---|---| ||31.3.22|31.3.21| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|**3,860**|3,284| |Gift aid|**774**|626| |Grants|**1,967**|-| ||**6,601**|3,910| |**Other trading activities**||| |Fundraising events|**98**|-| |Shop and internet sales|**34,992**|11,569| |Social lotteries|**464**|268| |Book sales|**828**|653| |Recycling sales|**378**|223| ||**36,760**|12,713| |**Total incoming resources**|**43,361**|16,623| |**EXPENDITURE**||| |**Other trading activities**||| |Fund raising expenses|**80**|-| |Shop and internet expenditure|**5,345**|3,441| ||**5,425**|3,441| |**Support costs**||| |**Management**||| |Management charge including wages support|**28,233**|11,977| |Spend of grant on project delivery|**1,967**|-| ||**30,200**|11,977| |**Other**||| |COVID grants|**(4,000)**|(19,669)| |**Governance costs**||| |Accountancy and legal fees|**780**|600| |Total resources expended|**32,405**|(3,651)| |**Net income**|**10,956**|20,274| This page does not form part of the statutory financial statements Page 8