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2023-03-31-accounts

Edgelands Arts

Charity number 1173773

Annual Report and Financial Statements

for the year ended 31 March 2023

Edgelands Arts

Annual Report and Financial Statements for the year ended 31 March 2023

Contents Page
Trustees' report 2 to 4
Examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 to 11

Prepared by West Yorkshire Community Accountancy Service CIO

1

Edgelands Arts

Trustees' report for the year ended 31 March 2023

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Julie Ann Connolly Chair Claire Pickering Appointed 1 August 2023 Erin Lesley Braithwaite Stephen Foster Resigned 1 August 2023 Robin Owen Morley Resigned 15 September 2022 1173773

Appointed 1 August 2023 Resigned 1 August 2023 Resigned 15 September 2022 Registered in England and Wales

Charity number

Registered and principal address

Bankers

G27 Co-operative Bank The Art House PO Box 250 Drury Lane Skelmersdale Wakefield WN8 6WT WF1 2TE

Independent examiner

Alan Dodd FCCA

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 11 July 2017 and is governed by a constitution.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed by the trustees at a duly convened meeting.

2

Edgelands Arts

Trustees' report (continued) for the year ended 31 March 2023

Objectives and activities

The charity's objects

To advance the arts and education by:

The charity's main activities

Edgelands Arts creates culturally connected communities by sharing stories from the edges of communities, cities and countryside.

We collaborate commission, create and co-produce excellent and accessible arts projects which:

We use the arts to nurture

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the arts and education.

Achievements and performance

During the financial year ending March 2023, Edgelands Arts delivered a wind range of projects which included:

3

Edgelands Arts

Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance (continued)

During the year we provided 9 Freelance artists with 264 days' work. These artists worked with over 1000 participants and reached over 5000 people as audience.

Financial review

The net income for the year was £15,002, including net expenditure of £4,368 on unrestricted funds and net income of £19,370 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £36,763.

Edgelands Arts reserve policy is to maintain a reserve to cover the costs of 6 months’ overheads (studio rent and administration costs) in the event of the need to wind up the organisation. At present, free reserves significantly exceed this level, and trustees will give this aspect due consideration in the coming months.

Approved by the board of trustees on 29/1/2024

J A Connolly (Trustee)

4

Edgelands Arts

Independent examiner's report to the trustees of Edgelands Arts

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2023, which are set out on pages 6 to 11.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alan Dodd FCCA

29/1/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

5

Edgelands Arts

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2023

Notes
2023
Unrestricted
funds
£
Income from:
Grants and donations
(2)
-
Project fees
41,510
Other income
187
Total income
41,697
Expenditure on:
Project expenses:
Lead Artists
31,077
Freelance Artists
3,100
Other project expenses
3,896
Overheads:
Premises
4,681
Office expenses
1,724
Insurance
25
Independent examination
1,380
Miscellaneous costs
182
Total expenditure
46,065
Net income / (expenditure)
(4,368)
Fund balances brought forward
41,131
Fund balances carried forward
(3)
36,763
2023
Restricted
funds
£
43,522
-
-
43,522
16,680
4,604
1,351
1,517
-
-
-
-
24,152
19,370
-
19,370
2023
Total
funds
£
43,522
41,510
187
85,219
47,757
7,704
5,247
6,198
1,724
25
1,380
182
70,217
15,002
41,131
56,133
2022
Total
funds
£
31,000
62,167
702
93,869
65,149
9,180
8,828
5,707
1,265
25
-
-
90,154
3,715
37,416
41,131

All incoming resources and resources expended derive from continuing activities.

6

Edgelands Arts

Balance sheet

as at 31 March 2023
2023
Unrestricted
£
Current assets
Debtors and prepayments
(4)
-
Cash at bank and in hand
(5)
37,617
Total current assets
37,617
Current liabilities:
amounts falling due within one year
Creditors and accruals
(6)
854
Total current liabilities
854
Net current assets / (liabilities)
36,763
Net assets
36,763
Funds
Unrestricted funds
36,763
Restricted funds
-
Total funds
36,763
2023
Restricted
£
-
19,370
19,370
-
-
19,370
19,370
-
19,370
19,370
2023
Total
£
-
56,987
56,987
854
854
56,133
56,133
36,763
19,370
56,133
2022
Total
£
1,881
44,550
46,431
5,300
5,300
41,131
41,131
41,131
-
41,131

The financial statements were approved by the board of trustees on 29/1/2024

J A Connolly (Trustee)

7

Edgelands Arts

Notes to the accounts

for the year ended 31 March 2023

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

8

Edgelands Arts

Notes to the accounts continued

for the year ended 31 March 2023

Grants and donations
NHS England
SW Yorkshire NHS Trust
Wakefield Council
Arts Council England
Creative Minds
Restricted funds
SW Yorkshire NHS Trust
Finding our Feet
LuminArt
NHS England
Magic Paintbrush
Balance b/f
£
-
-
-
-
-
-
2023
Unrestricted
funds
£
-
-
-
-
-
-
Incoming
£
4,300
7,271
12,451
9,500
10,000
43,522
2023
Restricted
funds
£
9,500
4,300
29,722
-
-
43,522
Outgoing
£
4,300
7,271
12,451
-
130
24,152
2023
Total
funds
£
9,500
4,300
29,722
-
-
43,522
Transfers
£
-
-
-
-
-
-
2022
Total
funds
£
-
-
3,000
25,000
3,000
31,000
Balance c/f
£
-
-
-
9,500
9,870
19,370

2 Grants and donations

3 Restricted funds

Fund name

SW Yorkshire NHS Trust Finding our Feet LuminArt

NHS England

Magic Paintbrush

Purpose of restriction

Creative Minds - walking and creative arts for mental health project. A programme of 21 creative arts based life skills workshops. To research and develop LuminArt, a new light puppet walkabout performance.

Engagement piece with individuals with lived experience for NHS England, delivered in the following financial year.

To research and develop the Magic Paintbrush for performance in libraries across the Wakefield District during WordFest 2023, which was delivered in the following financial year..

Debtors and prepayments
Prepayments
Cash at bank and in hand
Cash at bank
Creditors and accruals
Accruals
Deferred income
2023
£
-
-
2023
£
56,987
56,987
2023
£
854
-
854
2022
£
1,881
1,881
2022
£
44,550
44,550
2022
£
-
5,300
5,300

4 Debtors and prepayments

5 Cash at bank and in hand

6 Creditors and accruals

9

Edgelands Arts

Notes to the accounts continued

for the year ended 31 March 2023

7 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The key management personnel of the charity include the trustees, and three lead artists who are engaged on a self-employed freelance basis. The total benefits of the key management personnel of the charity were £47,757 (previous year: £65,149)

No trustee received any remuneration or benefit in this capacity during this or the previous year.

8 Operating leases

Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:
2023
£
3,907
-
-
3,907
2022
£
3,791
-
-
3,791

10

Edgelands Arts

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023

2023
2022
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
-
(4,000)
Project fees
41,510
62,167
Other income
187
702
Total income
41,697
58,869
Expenditure
Project expenses:
Lead Artists
31,077
38,999
Freelance Artists
3,100
7,150
Other project expenses
3,896
8,554
Overheads:
Premises
4,681
451
Office expenses
1,724
-
Insurance
25
-
Independent examination
1,380
-
Miscellaneous costs
182
-
Total expenditure
46,065
55,154
Net income / (expenditure)
(4,368)
3,715
Fund balances brought forward
41,131
37,416
Fund balances carried forward
36,763
41,131
2023
Restricted
funds
£
43,522
-
-
43,522
16,680
4,604
1,351
1,517
-
-
-
-
24,152
19,370
-
19,370
2022
Restricted
funds
£
35,000
-
-
35,000
26,150
2,030
274
5,256
1,265
25
-
35,000
-
-
-
2023
Total
funds
£
43,522
41,510
187
85,219
47,757
7,704
5,247
6,198
1,724
25
1,380
182
70,217
15,002
41,131
56,133
2022
Total
funds
£
31,000
62,167
702
93,869
65,149
9,180
8,828
5,707
1,265
25
-
-
90,154
3,715
37,416
41,131

11