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2023-03-31-accounts

Craven Arts Trust

Annual General Meeting 26[th] July 2023 Chairperson’s Report

The committee year 2022/2023 has been a particularly eventful one for Craven Arts involving the departure from The Hub in Caroline Square and the occupation of the long-awaited Craven Arts House in Otley Street, Skipton. This is the most ambitious project in the eight years of the Charity’s life. A vision, first muted with Craven District Council by the founder and first Chair, Virpi Kettu. It marks the development from an artists’ membership society to an organisation which is also responsible for creating and running a regional arts centre, and becoming tenants of a fine Victorian building with North Yorkshire County Council as our landlord. The aim of the Arts House is to complement the North Yorkshire Cultural Services based at Skipton Town Hall. It’s to be a centre and creative community which welcomes all-comers, and especially young people from the area for whom Craven Arts becomes an incubator of emerging talent in the creative industries of the Craven area.

Craven Arts House is to be:

An incubator for young creatives and A home where Art is for All

The purpose of the House is to demonstrate that there is a future for young creatives to pursue successful careers and contribute to the economy and culture of the rural economy of North Yorkshire, instead of migrating to the cities, which is the current pattern. The journey to turn this vision into reality will be a demanding one, and this past seven months, has been just that. Craven Arts has appointed its previous chair, Ann Rutherford, as its first Director with an executive team of Jane Howie and Freya Jackson. The Trust elected myself, David Hawkins, as Chair in February 2023.

Because of rising costs and unforeseen complications with the building, the grant money, obtained by Craven District Council, has not stretched beyond the re-ordering of the west wing of the Centre. This meant that hurried decorating of the frontage and East wing had to be carried out by Craven Arts volunteers before the Grand opening on the 8[th] of December. Since we began using the building in January emergency health and safety works have been taking place in order for us to maximise the full use of the Centre. The protracted time scale of these works has prevented us fulfilling our planned programme of exhibitions, events and internships. However, having studios occupied, courses running and carparking spaces

let, has meant we’ve begun the challenge of becoming financially sustainable and a thriving community is now established.

My sincere thanks go to our Director, Ann Rutherford, for her years as Chair of the Trust and director-elect, leading to the opening of the House in December, and now her generous and unstinting work over these complicated first seven months. My thanks, also, go to our Exhibitions coordinator, Carolyn Hird-Rogers, and Curator, Clare Lamkin, for a successful series of exhibitions and residences at The Hub and now at Craven Arts House, in spite of the challenges of an unfinished building. In this particularly demanding year, I wish to show my appreciation, and that of the membership, to my fellow trustees for their commitment, extra meetings and hard work, to enable us to reach this exciting point in the life of Craven Arts. A finance sub-committee has been formed, comprising Christine North as chair and Clare Lamkin and Alfonsas Paulauskas. Three members of the board have stepped down this committee year because of competing commitments, Kate Beard, Gabriela Boiangiu and Fiona Armer. To Kate, Gabby and Fiona we extend our particular thanks and wish you much fulfilment in your creative careers and membership of Craven Arts. It’s with great pleasure that we have recently welcomed Clare Danek to the board.

Our membership continues to grow and, thanks to everyone, we’ve made this year an impressive start to our journey as the inspirers of Craven Arts House. We are aware of our responsibility to value our membership and continue to provide many opportunities for exhibiting our work and celebrating the creative community to which we belong. Like all charities across the country our membership provides the foundation, core funding and reason for our existence. Long may this be the case.

Here's to another vibrant year of Craven Arts!

David Hawkins 26[th] July 2023

Chair Craven Arts Trust

Management Report

Craven Arts Charitable Trust For the period ended March 31, 2023

Prepared on July 6, 2023

For management use only

Table of Contents

Financial Activities ................................................................................................................................................3 Balance Sheet.......................................................................................................................................................5

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Financial Activities

April 2022 - March 2023

Total
INCOME
7a Studio Licence fee 6,863.50
Art House Courses (deleted) 1,114.59
Car Park Income 2,500.00
Contributions -10.00
Courses income 6,421.79
Donations 3,750.00
Exhibitions 567.87
Grants 450.00
Hub Licence fee (deleted) 380.00
Hub Wall hire (deleted) 280.00
Membership subscriptions 1,500.00
Sales 9,481.84
Studio Income CAH 2,496.25
Xmas Exhibition 2,569.65
Total Income 38,365.49
COST OF SALES
Payment to artists 9,789.56
Total Cost of Sales 9,789.56
TOTAL 28,575.93
EXPENDITURES
Administration expenses
Accommodation and meals 77.88
Accounting fees 347.50
Advertising and promotion 370.72
Exhibition costs 71.28
Insurance 150.83
Leasing payments 6,321.91
Office costs
Graphics and printing 1,095.20
Office equipment 3,397.40
Stationery 500.63
Web costs 1,370.82
Total Office costs 6,364.05
Utilities 954.22
Total Administration expenses 14,658.39
All Art House Building Expenditure 4,707.00
Building repair and maintenance 5,036.89
Keys and cards -240.00
Total All Art House Building Expenditure 9,503.89
Staff costs 2,248.00
Director Fee 2,736.90
Financial Officer 960.00
Life Models 380.00

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Craven Arts Charitable Trust

Total
Marketing Officer 900.00
Newsletter Editor 360.00
Salaries and on-costs (deleted) 645.00
Tutor fees 970.00
Total Staff costs 9,199.90
Total Expenditures 33,362.18
NET OPERATING INCOME -4,786.25
NET INCOME/(EXPENDITURE) £ -4,786.25

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Craven Arts Charitable Trust

Balance Sheet

As of March 31, 2023

Total
FIXED ASSET
Total Fixed Asset
CASH AT BANK AND IN HAND
Nat West current account 14,753.82
Total Cash at bank and in hand 14,753.82
NET CURRENT ASSETS 14,753.82
NET CURRENT ASSETS(LIABILITIES) 14,753.82
TOTAL ASSETS LESS CURRENT LIABILITIES 14,753.82
TOTAL NET ASSETS (LIABILITIES) £14,753.82
CHARITY FUNDS
Opening Balance Equity 19,540.07
Retained Earnings
Surplus/(Deficit) -4,786.25
Total Charity funds £14,753.82

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Craven Arts Charitable Trust

Nelson's Bookkeeping 4 Station View Church Fenion Tadcaster North Yorkshire LS24 9QY Pbone 01937-557071 e-mail.. nelsonsbk@aol.¢om Dale: 7 July 2023 CRAVEN ARTS CHARITABLE TRUST INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31 MARCH 2023 I have examined the financial statement5 of the Craven Arts ChaTitable TTr￿ togdher with the supFK)rting documents for the period to 31 March 2023. These present an a￿U[ate view of the financial position of the Association. and I confirm that they are in accordance with the documents and explanations given. David Nelson Nelson's Bookkeeping