REGISTERED COMPANY NUMBER: 10579527 (England and Wales)
REGISTERED CHARITY NUMBER: 1173174
Trustees' Report and
Unaudited Financial Statements
for the Year Ended 30 June 2024
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 2024
|
|
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 2024
TheTrustees,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended30June2024.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletoallcharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015)
Adopta PotterLimitedwasestablishedto takeoverfromAdopta PotterCharitableTrust.Thetwocompaniesran parallelfrom1 July
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) Advancingthe educationof student ceramicistsat Clay College,Stoke-onTrent,by providingand assistingin the provisionof facilities
for ceramics education at that college.
(ii)Providingsupporttoenableceramiciststotakeuptrainingapprenticeshipswithexperiencedpotters,therebytofurnish the
apprentice ceramicists with practical experience and training.
(iii)To developthe practicalskills,creativedirectionand visionof the apprenticeceramiciststhroughmentoringand directionfrom the
experienced potters.
(iv)Therebyfittheapprenticepotterstobeproactiveasceramicistsandcontributetothecontinuedgrowthanddevelopmentof the
ceramic art.
(v)Developthepublicappreciationoftheceramicartsthroughexposuretotheworkoftheapprenticepottersandthrough public
courses to be held at Clay College, Stoke-on-Trent.
STRATEGIC REPORT
Achievement and performance
Charitable activities
The Collegeran very smoothlyoverthe year.The new collegemanagerstartedin in the beginningof July and workedfor a year to see
thecurrentcohortofstudentsthroughtheirfinalyear.AstudytriptoJapaninlateFebruaryandearlyMarchprovedtobea huge
success.Studentsstayedin the potterytownof Mashikowherethey met withseveralrenownedJapanesestudiopottersand explored
their work and studios. This was followed by a few days in Tokyo where they visited museums and ceramics exhibitions.
Studentsspent the summerterm workingtowardtheir final projectsand preparingfor their graduationshow.The high standardof the
work produced is a testament to their hard work and individuality.
Over the financialyear there were two Adopta a Potterapprentices.The one who began their tenure last year in April continued their
year and another started in January. For three months two apprentices (with different host potters) were funded.
Financial review
Financial position
Netincomefortheyearshowedasurplusof£673(2023:£41,325).Thisrepresentedincomeof£246,284(2023:£226,668) and
expenditureof £245,611(2023:£185,343).Highercostsof gas and electricityas well as a return to being fully staffedall contributed to
the greater level of underlying expenses as did the trip to Japan.
At the end of the period the bursary accountcontained£127,980(2023: £135,180).This is a decreaseof just over £7,000over the year.
£35,200 was paid out in bursaries but this was largely offset by some very generous donations to the scheme.
Page 1
Adopt A Potter Limited
Trustees' Report
for the Year Ended 30 June 2024
STRATEGIC REPORT
Future plans
ThecurrentcohortofstudentsfinishedtheirdiplomaattheendofJulyandheldtheirgraduationshowinbothLondonandStoke on
Trent. A new intake of 14 student will begin the course in September.
Inaddition,wehaveanexcitingscheduleofexhibitionsplannedforgalleryovertheyearandhaveanewgallerymanagerwho will
curate them.
We alsohavea newCollegemanagerstartingin August.We are lookingto expandourrangeoftutorsforthe diplomato offer greater
variety to the students.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharityiscontrolledbyitsgoverningdocument,MemorandumandArticlesofAssociation,andconstitutesalimited company,
limited by guarantee as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
TrusteesarechosenfortheskillstheybringtotheBoard.Threearepotterswhomaketheirlivingfromceramicsandthey have
extensiveexperienceinteachingceramics.TheotherTrusteesbringspecificbusinessskillstothegroup,fromlaw,finance, publishing
and 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 2024
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
Trustees'report,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,asthecompanydirectors, on
20 January 2025 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 2024.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Havingsatisfiedmyselfthat the accountsof the Companyare not requiredto be auditedunder Part16 of the 2006 Act and are eligible
forindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedoutunderSection145of the
CharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharity Commission
under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe 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 havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe 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
20 January 2025
Page 4
Adopt A Potter Limited
Statement of Financial Activities for the Year Ended 30 June 2024
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
36,342
-
Charitable activities
5
Education
215,129
(35,200)
Other trading activities
3
25,369
-
Investment income
4
4,644
-
Total
281,484
(35,200)
EXPENDITURE ON
Charitable activities
General
199,103
-
Education
30,062
-
Other trading activities
16,446
-
Total
245,611
-
NET INCOME/(EXPENDITURE)
35,873
(35,200)
RECONCILIATION OF FUNDS
Total funds brought forward
200,755
35,200
TOTAL FUNDS CARRIED FORWARD
236,628
- |
2024
Total
funds
£
36,342
179,929
25,369
4,644
246,284
199,103
30,062
16,446
245,611
673
235,955
236,628 |
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 |
The notes form part of these financial statements
Page 5
Adopt A Potter Limited
Balance Sheet 30 June 2024
Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Debtors
9
3,674
-
Cash at bank and in hand
241,668
127,980
245,342
127,980
CREDITORS
Amounts falling due within one year
10
(8,714)
-
NET CURRENT ASSETS
236,628
127,980
TOTAL ASSETS LESS CURRENT LIABILITIES
236,628
127,980
CREDITORS
Amounts falling due after more than one year
11
-
(127,980)
NET ASSETS
236,628
-
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2024
Total
funds
£
3,674
369,648
373,322
(8,714)
364,608
364,608
(127,980)
236,628
236,628
-
236,628 |
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 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 June 2024.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30June2024 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.
The notes form part of these financial statements
continued...
Page 6
Adopt A Potter Limited
Balance Sheet - continued
30 June 2024
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon20January2025andweresignedon 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 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshave been prepared under
the historical cost convention.
Thefinancialstatementsarepreparedinsterling,whichisthefunctionalcurrencyofthecharity.Monetaryamountsin these
financial statements are rounded to the nearest £.
Income
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
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 economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on 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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.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
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharitable company's
pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
Donations
Gift aid receipts from HMRC |
2024
£
18,303
18,039
36,342 |
2023
£
13,223
- |
|
|
13,223 |
continued...
Page 8
Adopt A Potter Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
3. OTHER TRADING ACTIVITIES
Gallery sales
Other income
Kiln hire
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Full time students
Education
Evening classes
Education
Masterclasses
Education |
2024
£
24,756
200
413
25,369
2024
£
4,644
2024
£
129,500
21,690
28,739
179,929 |
2023
£
27,084
200
570
27,854
2023
£
2,049
2023
£
130,471
27,440
25,631 |
|
|
183,542 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.
Trustees' expenses
The charity trustees were not paid or received any other benefits from employment.
The charity issued reimbursements totalling £1,570 during the year to 2 of the 5 trustees.
Travel
Accomodation
£
£
J. Seaton
39
215
L. Hammond
222
1,094
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs |
2024
£
95,296
1,055
2,016
98,367 |
2023
£
65,973
(1,005)
1,248
66,216 |
|
|
|
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
Administration
Charitable activities |
2024
1
3
4 |
2023
2
2 |
|
|
4 |
continued...
Page 9
Adopt A Potter Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
7. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
8. 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
13,223
-
Charitable activities
Education
148,342
35,200
Other trading activities
27,854
-
Investment income
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
6,125
35,200
RECONCILIATION OF FUNDS
Total funds brought forward
194,630
-
TOTAL FUNDS CARRIED FORWARD
200,755
35,200
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
3,054
Prepayments
620
3,674 |
|
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 |
|
|
2023
£
850
749
1,599 |
continued...
Page 10
Adopt A Potter Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
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 |
2024
2023
£
£
2,168
4,823
1,556
625
4,990
2,513
8,714
7,961
2024
2023
£
£
127,980
135,180
Net
movement
At
At 1.7.23
in funds
30.6.24
£
£
£
200,755
35,873
236,628
35,200
(35,200)
-
235,955
673
236,628
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
281,484
(245,611)
35,873
(35,200)
-
(35,200)
246,284
(245,611)
673 |
|
|
continued...
Page 11
Adopt A Potter Limited
Notes to the Financial Statements - continued
for the Year Ended 30 June 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Bursary
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Bursary
TOTAL FUNDS |
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 |
At
30.6.23
£
200,755
35,200 |
|
|
235,955 |
|
|
41,325 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At 1.7.22
in funds
£
£
194,630
41,998
194,630
41,998 |
At
30.6.24
£
236,628 |
|
|
236,628 |
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
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
472,952
(430,954)
41,998
472,952
(430,954)
41,998 |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
472,952
(430,954)
41,998
472,952
(430,954)
41,998 |
|
|
41,998 |
continued...
Page 12
Adopt A Potter Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
12. MOVEMENT IN FUNDS - continued
Thebursaryfundexiststoprovidefinancialassistancein payingfulltimecollegefeesforthosestudentswhoarein need. The
revenueisrecognisedintheacademicyearofthestudent.Costsassociatedtothestudentarecoveredbythebursaryup to,
but not 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 2024.
Page 13
Adopt A Potter Limited
Detailed Statement of Financial Activities for the Year Ended 30 June 2024
Detailed Statement of Financial Activities
for the Year Ended 30 June 2024 |
|
|
|
2024 |
2023 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
18,303 |
13,223 |
Gift aid receipts from HMRC |
18,039 |
- |
|
36,342 |
13,223 |
Other trading activities |
|
|
Gallery sales |
24,756 |
27,084 |
Other income |
200 |
200 |
Kiln hire |
413 |
570 |
|
25,369 |
27,854 |
Investment income |
|
|
Deposit account interest |
4,644 |
2,049 |
Charitable activities |
|
|
Full time students |
129,500 |
130,471 |
Evening classes |
21,690 |
27,440 |
Masterclasses |
28,739 |
25,631 |
|
179,929 |
183,542 |
Total incoming resources |
246,284 |
226,668 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Wages |
52,096 |
36,087 |
Social security |
429 |
(613) |
Pensions |
972 |
724 |
Evening class tutors |
7,497 |
6,611 |
Additional tutors |
16,926 |
9,830 |
Masterclass tutors |
5,639 |
7,309 |
Studio tools & equipment |
1,826 |
4,948 |
Studio materials |
8,078 |
10,606 |
Apprentice payments |
7,000 |
1,500 |
|
100,463 |
77,002 |
Other trading activities |
|
|
Wages |
742 |
12,744 |
Social security |
- |
(329) |
Pensions |
- |
273 |
Salaries part time |
9,481 |
14,931 |
Gallery expenses |
6,223 |
9,169 |
|
16,446 |
36,788 |
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 2024
Detailed Statement of Financial Activities
for the Year Ended 30 June 2024 |
|
|
|
2024 |
2023 |
|
£ |
£ |
Support costs |
|
|
Management |
|
|
Wages |
42,458 |
17,142 |
Social security |
626 |
(63) |
Pensions |
1,044 |
251 |
Cleaning, security & caretaking |
3,459 |
4,233 |
Service charge |
5,141 |
5,021 |
Rent |
18,000 |
18,000 |
Rates |
938 |
1,305 |
Insurance |
1,989 |
2,326 |
Utilities |
10,920 |
5,637 |
Telephone & internet |
273 |
225 |
Office supplies |
674 |
941 |
Website |
842 |
584 |
Advertising & marketing |
2,636 |
739 |
IT software and consumables |
84 |
402 |
Repairs & replacements |
5,286 |
1,833 |
Office equipment |
520 |
162 |
Trustee expenses |
1,570 |
793 |
Postage, freight & courier |
500 |
1,058 |
Packaging |
365 |
202 |
General expenses |
6,878 |
2,638 |
Travel - national |
2,187 |
824 |
Travel - international |
12,541 |
- |
Catering |
1,572 |
556 |
|
120,503 |
64,809 |
Finance |
|
|
IZettle fees |
103 |
464 |
Bank fees |
1,088 |
1,170 |
|
1,191 |
1,634 |
Governance costs |
|
|
Accountancy and legal fees |
7,008 |
5,110 |
Total resources expended |
245,611 |
185,343 |
Net income |
673 |
41,325 |
This page does not form part of the statutory financial statements
Page 15