| Page | ||||
|---|---|---|---|---|
| Trustees' Report | 1 | to | 3 | |
| Independent Examiner's Report |
||||
| Statement of Financial Activities | ||||
| Balance Sheet | 6 | to | 7 | |
| Notes tothe Financial Statements | 8 | to | 14 | |
| Detailed Statement of Finandal | Activities | 15 | to | 17 |
| 30.6.22 | 30.6.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Tote I | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | f | f | f | f | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 11,904 | 11,904 | 18,909 | |||
| Charitable | activities | ||||||
| Education | 106,648 | 106,648 | 112,891 | ||||
| Other trading activities | 61,490 | 61,490 | 58,316 | ||||
| Investment | income | 304 | 304 | 629 | |||
| Total | 180,346 | 180,346 | 190,745 | ||||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| General | 52,093 | 52,093 | 40,958 | ||||
| Education | 101,120 | 101,120 | 94,135 | ||||
| Other trading activities | 42,832 | 42,832 | 29,551 | ||||
| Total | 196,045 | 196,045 | 164,644 | ||||
| NET INCOME/(EXPENDITURE) | (15,699) | (15,699) | 26,101 | ||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds | brought forward | 210,329 | 210,329 | 184,228 | |||
| TOTAL FUNDS CARRIED FORWARD | 194,630 | 194,630 | 210,329 |
| 30.6.22 | 30.6.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Tote I | Total | |||
| fund | fund | funds | funds | |||
| Notes | 6 | 6 | E | 6 | ||
| CURRENTASSETS | ||||||
| Debtors | 2,380 | 2,380 | 11,354 | |||
| Cash at bank | and in hand | 206,436 | 100,380 | 306,816 | 277,648 | |
| 208,816 | 100,380 | 309,196 | 289,002 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
10 | (14,186) | (34,000) | (48,186) | (5,792) | |
| NET CURRENT ASSETS | 194,630 | 66,380 | 261,010 | 283,210 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 194,630 | 66,380 | 261,010 | 283,210 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one year |
11 | (66,380) | (66,380) | (72,881) | ||
| NET ASSETS | 194,630 | 194,630 | 210,329 | |||
| FUNDS | 12 | |||||
| Unrestricted | funds | 194,630 | 210,329 | |||
| TOTALFUNDS | 194,630 | 210,329 |
| 2. | DONATIONS | AND LEGACIES | |||
|---|---|---|---|---|---|
| 30.6.22 | 30.6.21 | ||||
| f | 6 | ||||
| Donations | 11,904 | 18,409 | |||
| Patron scheme | 500 | ||||
| 11,904 | 18,909 | ||||
| 3. | OTHER TRADING ACTIVITIES | ||||
| 30.6.22 | 30.6.21 | ||||
| E | E | ||||
| Gallery sales | 59,079 | 25,405 | |||
| Other Income | 240 | 5,135 | |||
| Job retention | scheme grants | 12,647 | |||
| Rates grants | 8,321 | ||||
| Gift aid | 2,171 | 6,808 | |||
| 61,490 | 58,316 | ||||
| 4. | INVESTMENT | INCOME | |||
| 30.6.22 | 30.6.21 | ||||
| E | f | ||||
| Deposit account interest | 304 | 629 | |||
| INCOME FROM CHARITABLE | ACTIVITIES | ||||
| 30.6.22 | 30.6.21 | ||||
| Activity | f | E | |||
| Full time students | Education | 106,790 | |||
| Evening dasses | Education | 31,620 | 4,263 | ||
| Masterclasses | Education | 75,028 | 1,738 | ||
| Trips and visits | Education | 100 | |||
| 106,648 | 112,891 |
| Professional | fees | Misc | Travel | Travel | Accomodatlon | Accomodatlon | Pottery | supplies | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E | E | E | E | |||||||||
| J.Seaton | 218 | 264 | 719 | |||||||||
| L Hammond | 950 | 330 | 976 | |||||||||
| E.Wells | 67 | |||||||||||
| L Cartmell | 10 | |||||||||||
| Professional | fees of6950were for tutorage | and masterclasses | held | by the | trustee. | |||||||
| STAFF COSTS | ||||||||||||
| 30.6.22 | 30.6.21 | |||||||||||
| E | f | |||||||||||
| Wages and | salaries | 78,685 | 83,873 | |||||||||
| Social security | costs | 574 | 4,308 | |||||||||
| Other pension | costs | 1,593 | 1,765 | |||||||||
| 80,852 | 89,946 | |||||||||||
| The average | monthly | number ofemployees | during the year was as | follows: | ||||||||
| 30.6.22 | 30.6.21 | |||||||||||
| Administration | 3 | 3 | ||||||||||
| No employees | received | emoluments | In excess of660,000. | |||||||||
| 2021 COMPARATIVES | FOR THE STATEMENT | OF FINANCIAL ACTIVITIES | ||||||||||
| Unrestricted | Restricted | Total | ||||||||||
| fund | fund | funds | ||||||||||
| f | E | f | ||||||||||
| INCOME AND | ENDOWMENTS FROM |
|||||||||||
| Donations and |
legacies | 18,909 | 18,909 | |||||||||
| Charitable activities |
||||||||||||
| Education | 77,891 | 35,000 | 112,891 | |||||||||
| Other trading | activities | 58,316 | 58,316 | |||||||||
| Investment | income | 629 | 629 | |||||||||
| Total | 155,745 | 35,000 | 190,745 |
| 2021COMPARATI | VES | F | OR THE STATEMENT OF FINANCIAL ACTIV | ITIES - continued | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| f | f | f | ||||
| Charitable activities |
||||||
| General | 40,958 | 40,958 | ||||
| Education | 59,135 | 35,000 | 94,135 | |||
| Other trading activities | 29,551 | 29,551 | ||||
| Total | 129,644 | 35,000 | 164,644 | |||
| NET INCOME | 26,101 | 26,101 | ||||
| RECONCIUATION | OF FUNDS | |||||
| Total funds brought forward | 184,228 | 184,228 | ||||
| TOTAL FUNDS CARRIED | FORWARD | 210,329 | 210,329 | |||
| DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 30.6.22 | 30.6.21 | |||||
| f | f | |||||
| Trade debtors | 1,339 | 11,251 | ||||
| Other debtors | 213 | 103 | ||||
| Prepayments | 828 | |||||
| 2,380 | 11,354 | |||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 30.6.22 | 30.6.21 | |||||
| f | f | |||||
| Trade creditors | 1,649 | 4,633 | ||||
| Social security and | other | taxes | (2,191) | |||
| Other creditors | 2,198 | 99 | ||||
| Accruals and deferred | income | 46,530 | 1,060 | |||
| 48,186 | 5,792 |
| 11. | CREDITORS: | AMOUNTS | AMOUNTS | FALLING | FALLING | DUE AFTER MORE THAN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 30.6.22 | 30.6,21 | ||||||||
| E | E | ||||||||
| Deferred bursary income |
66,380 | 72,881 | |||||||
| 12. | MOVEMENT | IN FUNDS | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.7.21 | in funds | 30.6.22 | |||||||
| E | E | E | |||||||
| Unrestricted | funds | ||||||||
| General fund | 210,329 | (15,699) | 194,630 | ||||||
| TOTALFUNDS | 210,329 | (15,699) | 194,630 | ||||||
| Net movement | in funds, | included | in the above are as follows: | ||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| E | E | E | |||||||
| Unrestricted | funds | ||||||||
| General fund | 180,346 | (196,045) | (15,699) | ||||||
| TOTAL FUNDS | 180,346 | (196,045) | (15,699) | ||||||
| Comparatlves | for movement | in | funds | ||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.7.20 | in funds | 30.6.21 | |||||||
| E | E | E | |||||||
| Unrestricted | funds | ||||||||
| General fund | 184,228 | 26,101 | 210,329 | ||||||
| TOTALFUNDS | 184,228 | 26,101 | 210,329 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| f | f | f | |||
| Unrestricted | funds | ||||
| General fund | 155,745 | (129,644) | 26,101 | ||
| Restricted funds | |||||
| Bursary | 35,000 | (35,000) | |||
| TOTAL FUNDS | 190,745 | (164,644) | 26,101 | ||
| A current year 12months and prior year 12months combined | position | is as follows: | |||
| Net | |||||
| movement | At | ||||
| At 1.7.20 | In funds | 30.6.22 | |||
| f | f | f | |||
| Unrestricted | funds | ||||
| General fund | 184,228 | 10,402 | 194,630 | ||
| TOTALFUNDS | 184,228 | 10,402 | 194,630 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | In funds | ||
| f | f | f | ||
| Unrestricted | funds | |||
| General fund | 336,091 | (325,689) | 10,402 | |
| Restricted funds | ||||
| Bursary | 35,000 | (35,000) | ||
| TOTAL FUNDS | 371,091 | (360,689) | 10,402 |
| Detailed Statement of Financial Activities for the Year Ended 30June 2022 |
||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| f | f | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 11,904 | 18,409 |
| Patron scheme | 500 | |
| 11,904 | 18,909 | |
| Other trading activities | ||
| Gallery sales | 59,079 | 25,405 |
| Other income | 240 | 5,135 |
| Job retention scheme grants | 12,647 | |
| Rates grants | 8,321 | |
| Gift aid | 2,171 | 6,808 |
| 61,490 | 58,316 | |
| Investment income |
||
| Deposit account interest | 304 | 629 |
| Charitable activities |
||
| Full time students | 106,790 | |
| Evening classes | 31,620 | 4,263 |
| Masterclasses | 75,028 | 1,738 |
| Trips and visits | 100 | |
| 106,648 | 112,891 | |
| Total Incoming resources | 180,346 | 190,745 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages | 33,731 | 41,500 |
| Social security | 215 | 2,118 |
| Pensions | 950 | 871 |
| Evening class tutors | 6,218 | 810 |
| Additional tutors |
2,762 | 10,263 |
| Masterclass tutors | 2,013 | 614 |
| Studio tools &equipment | 1,707 | 2,468 |
| Studio materials | 17,921 | 6,860 |
| Apprentice payments |
3333 | 2,917 |
| 68,850 | 68,421 |
| Detailed Statement of Flnandal | Activities | ||
|---|---|---|---|
| for the Year Ended 30June 2022 | |||
| 30.6.22 | 30.6.21 | ||
| f | f | ||
| Charitable activities |
|||
| Other trading activities | |||
| Wages | 21,500 | 17,372 | |
| Social security | 171 | 757 | |
| Pensions | 458 | 334 | |
| Professional services |
110 | ||
| Salaries part time | 11,199 | 5,491 | |
| Gallery expenses | 9,504 | 5,487 | |
| 42,832 | 29,551 | ||
| Support costs | |||
| Management | |||
| Wages | 23,454 | 25,001 | |
| Sodal security | 188 | 1,433 | |
| Pensions | 185 | 560 | |
| Cleaning, security &caretaking | 3,365 | 705 | |
| Service charge | 4,999 | 4,999 | |
| Rent | 18,271 | 20,437 | |
| Rates | 360 | ||
| Insurance | 1,515 | 2,524 | |
| Utilities | 6,660 | 3,136 | |
| Telephone &internet |
563 | 455 | |
| Office supplies | 194 | 617 | |
| Website | 539 | 808 | |
| Advertising & marketing |
743 | 197 | |
| ITsoftware and consumables |
410 | ||
| Repairs &replacements | 1,774 | 49 | |
| Offic equipment | 848 | 302 | |
| Trustee expenses | 1,087 | 83 | |
| Postage, freight &courier | 597 | 141 | |
| Packaging | 757 | 120 | |
| General expenses | 9,085 | 2,320 | |
| Printing &stationery | 234 | 19 | |
| Travel —national |
649 | 60 | |
| Travel —international |
(3,472) | ||
| Catering | 490 | 391 | |
| 76,607 | 61,245 | ||
| Finance | |||
| IZettle fees | 765 | 188 | |
| Bank fees | 1,572 | 477 | |
| 2,337 | 665 |
| Finance | |
|---|---|
| Governance | costs |
| Accountancy | and legal fees |
| Total resources | expended |
| Net (expenditure)/income |
| 30.6.22 | 30.6.21 |
|---|---|
| f | E |
| 5,419 | 4,762 |
| 196,045 | 164,644 |
| (15,699) | 26,101 |