```
REGISTERED COMPANY NUMBER: 10579527 (England and Wales)
REGISTERED CHARITY NUMBER: 1173174
```
```
Trustees' Report and
Unaudited Financial Statements
for the Year Ended 30 June 2023
```
```
for
Adopt A Potter Limited
```
```
Thompson Wright Limited
Chartered Accountants
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE
```
```
Adopt A Potter Limited
```
## **`Contents of the Financial Statements for the Year Ended 30 June 2023`**
|||**`Page`**||
|---|---|---|---|
|**`Trustees' Report`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**|`6`|`to`|`7`|
|**`Notes to the Financial Statements`**|`8`|`to`|`13`|
|**`Detailed Statement of Financial Activities`**|`14`|`to`|`15`|
## **`Adopt A Potter Limited`**
## **`Trustees' Report`**
## **`for the Year Ended 30 June 2023`**
```
TheTrustees,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsof the charityfor the year ended 30 June 2023.The trusteeshave adoptedthe provisionsof Accountingand Reportingby Charities:
StatementofRecommendedPracticeapplicabletoallcharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015)
```
```
AdoptaPotterLimitedwasestablishedtotakeoverfromAdoptaPotterCharitableTrust.Thetwocompaniesranparallelfrom1July 2017.
Adopt a Potter Charitable Trust was closed on 30 June 2019 and its assets merged into Adopt a Potter Limited on that day.
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objectives of Adopt a Potter Limited are as follows:
```
```
(i)AdvancingtheeducationofstudentceramicistsatClayCollege,Stoke-onTrent,byprovidingandassistingintheprovisionoffacilities for
ceramics education at that college.
```
```
(ii)Providingsupporttoenableceramiciststotakeuptrainingapprenticeshipswithexperiencedpotters,therebytofurnishthe apprentice
ceramicists with practical experience and training.
```
```
(iii)Todevelopthepracticalskills,creativedirectionandvisionoftheapprenticeceramiciststhroughmentoringanddirectionfrom the
experienced potters.
```
```
(iv)Therebyfittheapprenticepotterstobeproactiveasceramicistsandcontributetothecontinuedgrowthanddevelopmentofthe ceramic
art.
```
```
(v) Develop the public appreciationof the ceramicarts through exposure to the work of the apprenticepotters and through public courses to be
held at Clay College, Stoke-on-Trent.
```
## **`STRATEGIC REPORT`**
## **`Achievement and performance`**
## **`Charitable activities`**
```
Thethirdcohortof14ClayCollegestudentsstartedtheirdiplomacourseinSeptember'22.Theysettledinquicklyandhavemade good
progressduringtheirfirstyear.Afteralmosta yearwithoutfulltimestudentsfollowingthe COVIDdisruption,it wasgoodtohavethe College
being used full time again.
```
```
SevenofthecurrentintakeofDiplomastudentsreceivedbursaryfundingtovaryingdegrees.Itisimportanttothetrusteesthatlackof funds
should not prevent any student from completingthe course.This cohort have had their ability to build up savings, prior to the course, impacted
by the COVID lockdown and so demand for financial support was higher than in previous years.
```
```
Twomajorstaffresignationsinearly2023,fromtheCollegemanagerandtheGalleryAssistant,didcausesomedisruptiontodayto day
activitiesbutthethreeparttimestaff,thetrusteesandsometemporarygalleryassistantsallmanagedtokeepthingsrunningforthe interim
period until the new College Manager started in July '23.
```
```
ThecurrentAdoptaPotterfundedapprenticebegantheirtenureinApril.Thiswasabitlaterthananticipatedbutitishopedthat the
programme with return to normal with the next one beginning in early '24.
```
## **`Financial review`**
## **`Financial position`**
```
Netincomefortheyearshowedasurplusof£41,325(2022:lossof£15,699).Thisrepresentedincomeof£226,668(2022:£180,346) and
expenditureof£185,343(2022:£196,045).Thereturnoffulltimestudents'feesmorethanoffsetthefallinmasterclassincomefrom the
previousyear.Gallerysaleswere£27,084against£59,079.Thehigherfigurefor2022wasbecauseofsalesfromtheDiplomashowfrom the
previous cohort of students which took place in December '21. Wages were slightly lower following the departure of 2 permanent staff.
```
```
Attheendoftheperiodthebursaryaccountcontained£135,180(2022:£100,380).Thisisanincreaseofalmost£35,000overtheyear.
£35,200 was paid out in bursaries to students but this was more than compensated for by some very generous donations to the scheme.
```
```
The Charity's balance sheet remains strong. It is still the ambition of the Charity to buy a building to house the College.
```
```
Page 1
```
## **`Adopt A Potter Limited`**
## **`Trustees' Report`**
## **`for the Year Ended 30 June 2023`**
## **`STRATEGIC REPORT`**
## **`Future plans`**
```
The current cohortof students have one more year to completetheir diploma.They have made excellentprogress in their first year.Their final
year willincludea business moduleas well as anotheryear of studioceramics.This should give them the necessaryskillsto establishtheir own
ceramicsbusinessupongraduation.Inaddition,wearehopingtofitinaweeklongstudytriptoJapantogivetheminsightintotheworld of
Japanese ceramics.This will be funded in part by the students and by the sale of 'CollegeRange',standard ware made by the students as part of
their weekly practice to improve their repetition throwing.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
TheCharityiscontrolledbyitsgoverningdocument,MemorandumandArticlesofAssociation,andconstitutesalimitedcompany,limited by
guarantee as defined by the Companies Act 2006.
```
## **`Recruitment and appointment of new trustees`**
```
TrusteesarechosenfortheskillstheybringtotheBoard.Threearepotterswhomaketheirlivingfromceramicsandtheyhave extensive
experienceinteachingceramics.TheotherTrusteesbringspecificbusinessskillstothegroup,fromlaw,finance,publishingand high-level
corporate management.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
10579527 (England and Wales)
```
## **`Registered Charity number`**
```
1173174
```
## **`Registered office`**
```
Maze Hill Pottery
The Old Ticket Office
Woodlands Park Road
London
SE10 9XE
```
## **`Trustees`**
```
Lisa Hammond Director
Joanna Seaton Director
Lesley Cartmell Director
Darren Lee Ellis Director
Karen Ann Bunting Director (resigned 1.12.23)
Elaine Jill Wells Director
```
## **`Independent Examiner`**
```
Thompson Wright Limited
Chartered Accountants
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE
```
```
Page 2
```
## **`Adopt A Potter Limited`**
## **`Trustees' Report for the Year Ended 30 June 2023`**
```
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
```
```
Trustees'report,incorporatinga strategicreport,approvedby orderof the boardof trustees,as the companydirectors,on 19 March2024 and
signed on the board's behalf by:
```
```
Lisa Hammond - Trustee
```
```
Page 3
```
## **`Independent Examiner's Report to the Trustees of`**
## **`Adopt A Potter Limited`**
## **`Independent examiner's report to the trustees of Adopt A Potter Limited ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(and also its directorsfor the purposes of companylaw)you are responsiblefor the preparationof the
accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actandareeligible for
independentexamination,I reportin respectof my examinationof your charity'saccountsas carriedout under Section145 of the Charities Act
2011 ('the 2011 Act').In carrying out my examinationI have followedthe Directionsgiven by the Charity Commissionunder Section 145(5) (b) of
the 2011 Act.
```
## **`Independent examiner's statement`**
```
I have completedmy examination.I confirmthat no mattershave cometo my attentionin connectionwith the examinationgiving me cause to
believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
I have no concerns and have come across no other matters in connectionwith the examinationto which attentionshould be drawn in this report
in order to enable a proper understanding of the accounts to be reached.
```
```
R L Thompson BA (Hons) FCA
```
```
Thompson Wright Limited
Chartered Accountants
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE
```
```
19 March 2024
```
```
Page 4
```
## **`Adopt A Potter Limited`**
## **`Statement of Financial Activities for the Year Ended 30 June 2023`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`13,223`
`-`
**`Charitable activities`**
`5`
`Education`
`148,342`
`35,200`
`Other trading activities`
`3`
`27,854`
`-`
`Investment income`
`4`
`2,049`
`-`
**`Total`**
`191,468`
`35,200`
**`EXPENDITURE ON`**
**`Charitable activities`**
`General`
`121,938`
`-`
`Education`
`26,617`
`-`
`Other trading activities`
`36,788`
`-`
**`Total`**
`185,343`
`-`
**`NET INCOME/(EXPENDITURE)`**
`6,125`
`35,200`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`194,630`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`200,755`
`35,200`|`2023`
`Total`
`funds`
`£`
`13,223`
`183,542`
`27,854`
`2,049`
`226,668`
`121,938`
`26,617`
`36,788`
`185,343`
`41,325`
`194,630`
`235,955`|`2022`
`Total`
`funds`
`£`
`11,904`
`106,648`
`61,490`
`304`|
|---|---|---|
|||`180,346`|
|||`52,093`
`101,120`
`42,832`|
|||`196,045`|
|||`(15,699)`
`210,329`|
|||`194,630`|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`Adopt A Potter Limited`**
## **`Balance Sheet`**
## **`30 June 2023`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`CURRENT ASSETS`**
`Debtors`
`9`
`1,599`
`-`
`Cash at bank and in hand`
`207,117`
`170,380`
`208,716`
`170,380`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
`(7,961)`
`-`
**`NET CURRENT ASSETS`**
`200,755`
`170,380`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`200,755`
`170,380`
**`CREDITORS`**
`Amounts falling due after more than one year`
`11`
`-`
`(135,180)`
**`NET ASSETS`**
`200,755`
`35,200`
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`2023`
`Total`
`funds`
`£`
`1,599`
`377,497`
`379,096`
`(7,961)`
`371,135`
`371,135`
`(135,180)`
`235,955`
`200,755`
`35,200`
`235,955`|`2022`
`Total`
`funds`
`£`
`2,380`
`306,816`|
|---|---|---|
|||`309,196`
`(48,186)`|
|||`261,010`|
|||`261,010`
`(66,380)`|
|||`194,630`|
|||`194,630`
`-`|
|||`194,630`|
```
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
```
```
The membershave not required the companyto obtainan audit of its financialstatementsfor the year ended 30 June 2023 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)preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthecharitablecompanyasattheendof each
financialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirementsofSections394and395 and
whichotherwisecomplywiththe requirementsofthe CompaniesAct2006relatingto financialstatements,so far as applicableto the
charitable company.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 6
```
## **`Adopt A Potter Limited`**
## **`Balance Sheet - continued`**
## **`30 June 2023`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjecttothe small
companies regime.
```
```
The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2024 and were signed on its behalf by:
```
```
Lisa Hammond - Trustee
```
```
Lesley Cartmell - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
## **`Adopt A Potter Limited`**
## **`Notes to the Financial Statements`**
```
for the Year Ended 30 June 2023
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsofthe charitablecompany,whichis a publicbenefitentityunder FRS 102,havebeen preparedin accordance
with the CharitiesSORP(FRS 102)'Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```
```
Thefinancialstatementsarepreparedin sterling,whichis the functionalcurrencyofthe charity.Monetaryamountsin these financial
statements are rounded to the nearest £.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itisprobablethat the
income will be received and the amount can be measured reliably.
```
```
Sources of income are recognised and classified in the notes to the accounts.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswillbe requiredin settlementand the amountof the obligationcan be
measuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitieson a
basis consistent with the use of resources.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable and other related activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof the charity.Restrictionsarise 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.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesa definedcontributionpensionscheme.Contributionspayabletothe charitablecompany's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
## **`2.`**
## **`DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||`2023`|`2022`|
||`£`|`£`|
|`Donations`|`13,223`|`11,904`|
```
continued...
```
```
Page 8
```
## **`Adopt A Potter Limited`**
## **`Notes to the Financial Statements - continued for the Year Ended 30 June 2023`**
## **`3. OTHER TRADING ACTIVITIES`**
|`Gallery sales`
`Other income`
`Gift aid`
**`INVESTMENT INCOME`**
`Deposit account interest`
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Full time students`
`Education`
`Evening classes`
`Education`
`Masterclasses`
`Education`|`2023`
`£`
`27,084`
`770`
`-`
`27,854`
`2023`
`£`
`2,049`
`2023`
`£`
`130,471`
`27,440`
`25,631`
`183,542`|`2022`
`£`
`59,079`
`240`
`2,171`
`61,490`
`2022`
`£`
`304`
`2022`
`£`
`-`
`31,620`
`75,028`|
|---|---|---|
|||`106,648`|
## **`4.`**
## **`5. INCOME FROM CHARITABLE ACTIVITIES`**
## **`6. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
```
## **`Trustees' expenses`**
```
The charity trustees were not paid or received any other benefits from employment.
```
```
The charity issued reimbursements totalling £793 during the year to 2 of the 5 trustees.
```
## **`7.`**
|`Travel`
`Accomodation`
`£`
`£`
`K. Bunting`
`46`
`L. Hammond`
`134`
`613`
**`STAFF COSTS`**
`Wages and salaries`
`Social security costs`
`Other pension costs`|`2023`
`£`
`65,973`
`(1,005)`
`1,248`
`66,216`|`2022`
`£`
`78,685`
`574`
`1,593`
`80,852`|
|---|---|---|
```
The average monthly number of employees during the year was as follows:
```
|`Administration`
`Charitable activities`|`2023`
`2`
`2`
`4`|`2022`
`3`
`-`|
|---|---|---|
|||`3`|
```
continued...
```
```
Page 9
```
## **`Adopt A Potter Limited`**
## **`Notes to the Financial Statements - continued for the Year Ended 30 June 2023`**
## **`7. STAFF COSTS - continued`**
```
No employees received emoluments in excess of £60,000.
```
|**`8.`**
**`2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`Restricted`
`fund`
`fund`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`11,904`
`-`
**`Charitable activities`**
`Education`
`106,648`
`-`
`Other trading activities`
`61,490`
`-`
`Investment income`
`304`
`-`
**`Total`**
`180,346`
`-`
**`EXPENDITURE ON`**
**`Charitable activities`**
`General`
`52,093`
`-`
`Education`
`101,120`
`-`
`Other trading activities`
`42,832`
`-`
**`Total`**
`196,045`
`-`
**`NET INCOME/(EXPENDITURE)`**
`(15,699)`
`-`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`210,329`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`194,630`
`-`
**`9.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`2023`
`£`
`Trade debtors`
`850`
`Other debtors`
`-`
`Prepayments`
`749`
`1,599`|`Total`
`funds`
`£`
`11,904`
`106,648`
`61,490`
`304`|
|---|---|
||`180,346`|
||`52,093`
`101,120`
`42,832`|
||`196,045`|
||`(15,699)`
`210,329`|
||`194,630`|
||`2022`
`£`
`1,339`
`213`
`828`
`2,380`|
```
continued...
```
```
Page 10
```
## **`Adopt A Potter Limited`**
## **`Notes to the Financial Statements - continued for the Year Ended 30 June 2023`**
|**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Deferred bursary income`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Bursary`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Bursary`
**`TOTAL FUNDS`**|`2023`
`2022`
`£`
`£`
`4,823`
`1,649`
`625`
`(2,191)`
`-`
`2,198`
`2,513`
`46,530`
`7,961`
`48,186`
`2023`
`2022`
`£`
`£`
`135,180`
`66,380`
`Net`
`movement`
`At`
`At 1.7.22`
`in funds`
`30.6.23`
`£`
`£`
`£`
`194,630`
`6,125`
`200,755`
`-`
`35,200`
`35,200`
`194,630`
`41,325`
`235,955`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`191,468`
`(185,343)`
`6,125`
`35,200`
`-`
`35,200`
`226,668`
`(185,343)`
`41,325`||`2022`
`£`
`1,649`
`(2,191)`
`2,198`
`46,530`|
|---|---|---|---|
||||`48,186`|
```
continued...
```
```
Page 11
```
```
Adopt A Potter Limited
```
## **`Notes to the Financial Statements - continued for the Year Ended 30 June 2023`**
## **`12. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.7.21`
`in funds`
`30.6.22`
`£`
`£`
`£`
`210,329`
`(15,699)`
`194,630`
`210,329`
`(15,699)`
`194,630`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`180,346`
`(196,045)`
`(15,699)`
`180,346`
`(196,045)`
`(15,699)`|`At`
`30.6.22`
`£`
`194,630`|
|---|---|---|
|||`194,630`|
|||`(15,699)`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Bursary`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.7.21`
`in funds`
`£`
`£`
`210,329`
`(9,574)`
`-`
`35,200`
`210,329`
`25,626`|`At`
`30.6.23`
`£`
`200,755`
`35,200`|
|---|---|---|
|||`235,955`|
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Bursary`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`371,814`
`(381,388)`
`(9,574)`
`35,200`
`-`
`35,200`
`407,014`
`(381,388)`
`25,626`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`371,814`
`(381,388)`
`(9,574)`
`35,200`
`-`
`35,200`
`407,014`
`(381,388)`
`25,626`|
|---|---|---|
|||`25,626`|
```
continued...
```
```
Page 12
```
```
Adopt A Potter Limited
```
## **`Notes to the Financial Statements - continued for the Year Ended 30 June 2023`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
The bursary fund exists to provide financialassistancein paying full time college fees for those students who are in need. The revenue is
recognisedin theacademicyearofthestudent.Costsassociatedtothestudentarecoveredby thebursaryup to,butnot exceeding,
the declared amount.
```
```
The company holds deferred income in respect of students fees in future years.
```
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30 June 2023.
```
```
Page 13
```
## **`Adopt A Potter Limited`**
## **`Detailed Statement of Financial Activities for the Year Ended 30 June 2023`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 30 June 2023`**|||
|---|---|---|
||`2023`|`2022`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`13,223`|`11,904`|
|**`Other trading activities`**|||
|`Gallery sales`|`27,084`|`59,079`|
|`Other income`|`770`|`240`|
|`Gift aid`|`-`|`2,171`|
||`27,854`|`61,490`|
|**`Investment income`**|||
|`Deposit account interest`|`2,049`|`304`|
|**`Charitable activities`**|||
|`Full time students`|`130,471`|`-`|
|`Evening classes`|`27,440`|`31,620`|
|`Masterclasses`|`25,631`|`75,028`|
||`183,542`|`106,648`|
|**`Total incoming resources`**|`226,668`|`180,346`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Wages`|`36,087`|`33,731`|
|`Social security`|`(613)`|`215`|
|`Pensions`|`724`|`950`|
|`Evening class tutors`|`6,611`|`6,218`|
|`Additional tutors`|`9,830`|`2,762`|
|`Masterclass tutors`|`7,309`|`2,013`|
|`Studio tools & equipment`|`4,948`|`1,707`|
|`Studio materials`|`10,606`|`17,921`|
|`Apprentice payments`|`1,500`|`3,333`|
||`77,002`|`68,850`|
|**`Other trading activities`**|||
|`Wages`|`12,744`|`21,500`|
|`Social security`|`(329)`|`171`|
|`Pensions`|`273`|`458`|
|`Salaries part time`|`14,931`|`11,199`|
|`Gallery expenses`|`9,169`|`9,504`|
||`36,788`|`42,832`|
|**`Support costs`**|||
|**`Management`**|||
|`Wages`|`17,142`|`23,454`|
|`Carried forward`|`17,142`|`23,454`|
```
This page does not form part of the statutory financial statements
```
```
Page 14
```
## **`Adopt A Potter Limited`**
## **`Detailed Statement of Financial Activities for the Year Ended 30 June 2023`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 30 June 2023`**|||
|---|---|---|
||`2023`|`2022`|
||`£`|`£`|
|**`Management`**|||
|`Brought forward`|`17,142`|`23,454`|
|`Social security`|`(63)`|`188`|
|`Pensions`|`251`|`185`|
|`Cleaning, security & caretaking`|`4,233`|`3,365`|
|`Service charge`|`5,021`|`4,999`|
|`Rent`|`18,000`|`18,271`|
|`Rates`|`1,305`|`-`|
|`Insurance`|`2,326`|`1,515`|
|`Utilities`|`5,637`|`6,660`|
|`Telephone & internet`|`225`|`563`|
|`Office supplies`|`941`|`194`|
|`Website`|`584`|`539`|
|`Advertising & marketing`|`739`|`743`|
|`IT software and consumables`|`402`|`410`|
|`Repairs & replacements`|`1,833`|`1,774`|
|`Office equipment`|`162`|`848`|
|`Trustee expenses`|`793`|`1,087`|
|`Postage, freight & courier`|`1,058`|`597`|
|`Packaging`|`202`|`757`|
|`General expenses`|`2,638`|`9,085`|
|`Printing & stationery`|`-`|`234`|
|`Travel - national`|`824`|`649`|
|`Catering`|`556`|`490`|
||`64,809`|`76,607`|
|**`Finance`**|||
|`IZettle fees`|`464`|`765`|
|`Bank fees`|`1,170`|`1,572`|
||`1,634`|`2,337`|
|**`Governance costs`**|||
|`Accountancy and legal fees`|`5,110`|`5,419`|
|`Total resources expended`|`185,343`|`196,045`|
|**`Net income/(expenditure)`**|`41,325`|`(15,699)`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```