2024-03-31-accounts - Yiewsley And West Drayton Arts Council

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Chairs Report

To begin, a reflection on our vision and aims for the charity.

Vision:

To build an exceptional, accessible, creative community

Mission:

To make Southlands Arts Centre one of London’s best arts centres
To ensure the provision of excellent artistic activities and events for our communities
To involve our local community in provision and artistic development
To ensure our children’s development through education in the arts
To maximise the historic Southlands Arts Centre for creative wellbeing purposes

Values:

Openness : we are willing to try new ventures; we are transparent in our operations; we invite creative challenge
Respect : we work as a team; we respect all views and act in a collegiate and supportive manner
Inclusiveness: we promote access for all; we build strong relationships across partners and communities
Courage : we engage in smart risk-taking; we learn and adapt through experience
Joy : we celebrate humanity
Stewardship: we honour our legacy of cultural provision; we build upon the past to bring high quality local cultural activities to future generations

The Charity has three objectives to help it achieve its charitable aims and the vision for the charity, these are:

To facilitate learning, participation and advancement in arts and creative activity in the local community.
By offering opportunities for people from the local area and beyond to experience and exhibit art and creative activity through temporary public displays
By hosting community events which offer opportunities for local people to experience and participate in artistic and creative events in the local area at low cost

In-coming Chair’s Statement

" The year passed has seen recovery of Volunteers and Friends lost during the Covid period, with the result that our activities are now well back on track, with much local support.

The Art, Photography, and local Craft exhibitions successfully took place again, along with music concerts and some teaching sessions to help serve the local community.

Two new Trustees have been appointed and this will help drive further developments in the years to come.

Signed Chair of trustees

YIEWSLEY & WEST DRAYTON ARTS COUNCIL

RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDING 31 MARCH 2024

Income Receipts Charitable Activities & Events Fundraising Events Donations, Legacies & Grants Room & Equipment Hire Total Receipts Expenditure Payments Wages, Salaries & National Insurance Group & Activity Costs Premises Repair & Maintenance Costs Office, Printing & Computer Suppliers Legal & Professional Fees Cost of fundraising events Insurance Total Payments Net Receipts/(Payments) Reconciliation of Funds Total funds brought forward Total funds carried forward	Unrestricted Funds £ Restricted Funds £ Total Funds £ 14,689 - 14,689 5,494 - 5,494 453 - 453 200 - 200 20,836 - 20,836 10,938 - 10,938 10,090 - 10,090 9,188 - 9,188 4,440 - 4,440 1,456 - 1,456 784 - 784 755 - 755 37,651 - 37,651 (16,815) - (16,815) 26,227 - 26,227 9,412 - 9.412	Prior Year Funds £ 12,021 927 1,034 -
		13,982
		11,267 6,232 1,272 2,741 713 392 809
		23,426

		(9,444)
		35,671
		26,227

YIEWSLEY & WEST DRAYTON ARTS COUNCIL

STATEMENT OF ASSETS AND LIABILITIES

AT 31 MARCH 2024

Funds of the charity Unrestricted Funds General Fund Operating Reserve Fund SouthlandsLive Contingency Fund Total Charity Funds (year to date)	Total Funds £ 9,412 - -
	9,412

No trustees or related parties were paid remuneration or received any other benefits from an employment with the charity or a related entity. Trustee expenses have also not been incurred

Approved by the Trustees and signed on their behalf by:

Signature

Name Date

YIEWSLEY & WEST DRAYTON ARTS COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD OF 1 APRIL 2023 TO THE 31 MARCH 2024

Note 1: Accounting Policies

Basis of Preparation

These financial statements have been prepared under the historical cost convention and in accordance with the Charitable Incorporated Organisations (General) Regulation 2012 and Charities Act 2011.

Income Receipts

All material incoming resources have been included on a receivable basis i.e. they are included if the date received falls within the period covered by these accounts.

Expenditure Payments

These have been analysed using a natural classification.

Going Concern

The Trustees assess whether the use of going concern is appropriate (for example, whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern). The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The charity is operating on a going concern basis.

Fund Accounting

Unrestricted funds are donations and other income received or generated by the charity's charitable purposes. Restricted general funds are to be used for specific purposes as set out by the funder/donor.