2023-03-31-accounts - Spike Print Studio Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Pages
Trustees' Annua I Report		2to 7
Independent Examiner's Report
Statement of Financial Activities
Summary Income and Expenditure	Account	10
Balance Sheet
Notes to the Accounts		12to 21
Detailed Statement of Financial Activities		22to 24

for the year ended 31March 2	023
		Unrestricted	Restricted		As restated
		funds	funds	Total funds	Total funds
		2023	2023	2023	2022
	Notes			f	f
Income and endowments
from'.
Donations and legacies		5,222	13,766	18,988	68,633
Charitable activities		148,794		148,794	116,979
Other trading activities		10,689		10,689	8,212
Other		2,380		2,380	244
Total		167,085	13,766	180,851	194,068
Expenditure on:
Raising funds	8	9,435		9,435	3,957
Charitable activities	9	53,569	250	53,819	50,968
Other	10	153,416	1,012	154,428	154,051
Total		216,420	1,262	217,682	208,976
Net gains on investments
Net expenditure		(49,335)	12,504	(36,831)	(14,908)
Transfers between funds		4,234	(4,234)
Net expenditure before other gains/(losses)		(45,101)	8,270	(36,831)	(14,908)
Other gains and losses
Net movement in funds		(45,101)	8,270	(36,831)	(14,908)
Reconciliation offunds:
Total funds brought forward as previously stated		79,675	5,000	84,675	80,333
Prior year adjustment	23	(19,250)		(19,250)
Total funds brought forward
as restated		60,425	5,000	65,425	80,333
Total funds carried forward		15,324	13,270	9,344	65,425

for the year	ende	d 31March 2023
				As restated
			2023	2022
			f	f
Income			180,851	194,068
Gross income for the year			180,851	194,068
Expenditure			210,345	201,081
Depreciation	and	charges for
impairment	offixed assets		7,337	7,895
Total expenditure		for the year	217,682	208,976
Net expenditure		before tax for the year	' (36,831)	(14,908)
Net expenditure		for the year	(36,831)	(14,908)

at 31March 202	3
						As restated
Company No.	01298190			Notes	2023	2022
						f
Fixed assets
Tangible assets				14	16,683	24,020
					16,683	24,020
Current assets
Stocks				15	11,820	14,546
Debtors				16	5,141	4,032
Cash at bank	and		in hand		35,570	53,090
					52,531	71,668
Creditors: Amount		falling due within one year		17	(40,620)	(30,263)
Net current assets					11,911	41,405
Total assets less	current liabilities				28,594	65,425
Net assets excluding			pension asset or liability		28,594	65,425
Total net assets					28,594	65,425
The funds ofthe	charity
Restricted funds				18
Restricted income			funds		13,270	5,000
					13,270	5,000
Unrestricted funds				18
General funds					5,136	45,085
Designated funds					10,188	15,340
					15,324	60,425
Reserves				18
Total funds					28,594	65,425

			Unrestricted	Restricted
			funds	funds	Total funds
			2022	2022	2022
Income and endowments		from:
Donations and	legacies		5,667	62,966	68,633
Charitable activities			116,979		116,979
Other trading	activities		8,212		8,212
Other			244		244
Total			131,102	62,966	194,068
Expenditure on:
Raising funds			3,957		3,957
Charitable activities			50,968		50,968
Other			149,742	4,309	154,051
Total			204,667	4,309	208,976
Net income			(73,565)	58,657	(14,908)
Transfers between	funds		53,657	(53,657)
Net income before other gains/(losses)			(19,908)	5,000	(14,908)
Other gains and losses:
Net movement in	funds		(19,908)	5,000	(14,908)
Reconciliation of	funds:
Total funds brought forward			80,333		80,333
Total funds carried forward			60,425	5,000	65,425

Income fr	om donations and lega	cies
					As
					restated
		Unrestricted	Restricted	Total	Total
				2023	2022
Donations	received				600
Grants received			13,766	13,766	67,179
Donated	print sales	5,222		5,222	854
		5,222	13,766	18,988	68,633

Income	fro	m charitable activities
					As
					restated
			Unrestricted	Total	Total
				2023	2022
Membership			39,129	39,129	31,336
Learning	programme		104,532	104,532	85,285
Editio ning			4,734	4,734	354
Exhibitions		&events	399	399
			148,794	148,794	116,979

Income from other trading activitie	s
			As'
			restated
	Unrestricted	Total	Total
		2023	2022
Materials	5,567	5,567	3,546
Storage	5,122	5,122	4,666
	10,689	10,689	8,212

Other income
				As
				restated
		Unrestricted	Total	Total
			2023	2022
Miscellaneous	income	2,380	2,380	244
		2,380	2,380	244

.	Fundraising	trading	costs
	Materials

		As
		restated
Unrestricted	Total	Total
	2023	2022
9,435	9,435	3,957
9,435	9,435	3,957

9	Expenditure on c	harita	ble activities
							As
							restated
				Unrestricted	Restricted	Total	Total
						2023	2022
	Expenditure on charitable
	activities
	Learning programme			50,524		50,524	50,966
	Editioning			2,557	125	2,682
	Exhibitions &events			489	124	613
	Governance costs
				53,569	250	53,819	50,968
10	Other expenditure
							As
							restated
				Unrestricted	Restricted	Total	Total
						2023	2022
	Marketing			83		83
	Graphic designer			2,575		2,575	4,340
	Direct costs offunded projects				912	912	4,559
	Exempt input tax			16,320		16,320	3,212
	Employee costs			67,518		67,518	69,334
	Motor and travel	costs		136		136
	Premises costs			41,746		41,746	40,449
	Amortisation, depreciation,
	impairment, profit/loss		on	7,337		7,337	7,895
	disposal offixed assets
	General administrative		costs	13,475		13,475	17,369
	Legal and professional		costs	4,226	100	4,326	6,893
				153,416	1,012	154,428	154,051
11	Net expenditure	before transfers
					2023		2022
	This is stated after charging:
	Depreciation ofowned		fixed assets		7,337		7,895

Staff costs
						As
						restated
					2023	2022
Salaries and	wages				53,503	62,839
Pension costs					772	878
					54,275	63,717
No employee	received	emoluments	of more than f60,000 in the		current or prior period.
The average	monthly	number offull	time equivalent	employees	during the year was as follows:
					2023	2022
					Number	Number
Studio management
Cleaning

Tangible fixe	d assets
		Studio	Furniture,
		refurbishme	fixings &	Total
		nt	equipment
Cost or revaluation
At 1April 2022		15,139	64,475	79,614
At 31March	2023	15,139	64,475	79,614
Depreciation	and
impairment
At 1April 2022		4,542	51,052	55,594
Depreciation year	charge for the	1,514	5,823	7,337
At 31March	2023	6,056	56,875	62„931
Net book values
At 31March	2023	9,083	7,600	16,683
At 31March	2022	10,597	13,423	24,020

15	Stocks
							As
							restated
						2023	2022
	Raw materials			and consumables		940	3,666
	Finished goods					10,880	10,880
						11,820	14,546
	Carrying value			analysed	by activities	2023	2022
							f
	Editioning					10,880	10,880
	Materials					940	3,666
						11,820	14,546
16	Debtors
							As
							restated
						2023	2022
	Trade debtors					11
	VAT recoverable					3	3,785
	Other debtors					100	247
	Prepayments		and accrued income			5,027
						5,141	4,032
17	Creditors:
							As
	amounts	falling		due within one year			restated
						2023	2022
	Trade creditors					1,577	2,164
	Other taxes and social security					862	567
	Other creditors					368	141
	Accruals					2,349	2,349
	Deferred	income				35,464	25,042
						40,620	30,263

Movement	in	funds
				Incoming
			As restated at 1April	resources (including other	Resources expended	Gross transfers	At 31 March 2023
			2022	gains/losses)
Restricted funds:
Restricted income funds:
Lark Trust			5,000	4,770	(1,050)	(3,950)	4,770
Bristol City Council				496	(212)	(284)	0
Clothworkers		Foundation		8,500			8,500
Total			5,000	13,766	(1,262)	(4,234)	13,270
Unrestricted	funds:
General funds			45,085	167,085	(216,420)	9,386	5,136
Designated	funds:
Grant funded		assets	15,340			(5,152)	10,188
Total			15,340			(5,152)	10,188
Total funds			65,425	180,851	(217,682)		28,594

Analysis of net assets between funds
	Unrestricted
		Total
	funcls
Fixed assets	16,683	16,683
Net current assets	11,911	11,911
	28,594	28,594

				As restated		At 31
				at 1April		March
				2022	Cash flows	2023
						f
Cash and cash equivalents				53,090	(17,520)	35,570
				53,090	(17,520)	35,570
Net debt				53,090	(17,520)	35,570
Commitments
Pension	commitments
Defined	contribution	scheme
				2023		2022
				f		f
The pension cost charge to the company
amounted to:				772		878
Unpaid	contributions	due tothe fund are
included	in other creditors and amounted		to:	171		141

			Unrestricte	Restricted		As restated
			d funds	funds	Total funds	Total funds
			2023	2023	2023	2022
Income and endowments		from:
Donations and legacies
Donations received						600
Grants received				13,766	13,766	67,179
Donated print sales			5,222		5,222	854
			5,222	13,766	18,988	68,633
Charitable activities
Membership			39,129		39,129	31,336
Learning programme			104,532		104,532	85,285
Editioning			4,734		4,734	354
Exhibitions &.events			399		399	4
			148,794		148,794	116,979
Other trading activities
Materials			5,567		5,567	3,546
Storage			5,122		5,122	4,666
			10,689		10,689	8,212
Other
Miscellaneous income			2,380		2,380	244
			2,380		2,380	244
Total income and endowments			167,085	13,766	180,851	194,068
Expenditure on:
Costs ofother trading	activities
Materials			9,435		9,435	3,957
			9,435		9,435	3,957
Total ofexpenditure funds	on	raising	9,435		9,435	3,957
Charitable activities
Learning programme			50,524		50,524	50,966
Editioning			2,557	125	2,682	2
Exhibitions &events			489	124	613
			53,569	250	53,819	50,968
Total ofexpenditure activities	on	charitable	53,569	250	53,819	50,968
Other expenditure
Marketing					83
Graphic designer			2,575		2,575	4,340
Direct costs offunded		projects	0	912	912	4,559
Exempt input tax			16,320		16,320	3,212
			18,978	912	19,890	12,111

etailed Statement of		Fi	nan	cial Activities
Employee costs
Salaries/wages					53,503		53,503	62,839
Pension costs					772		772	878
Temporary staff					13,243		13,243	5,617
					67,518		67,518	69,334
Motor and travel costs
Travel and subsistence					136		136
					136		136
Premises costs
Rent					40,895		40,895	40,399
Premises cleaning					390		390	50
Premises repairs and					461		461
maintenance
					41,746		41,746	40,449
General administrative			costs,
including depreciation		and
amortisation
Depreciation ofStudio					1,514		1,514	1,514
refurbishment
Depreciation of Furniture,				fixings	5,823		5,823	6,381
gr equipment
Bank charges					2,886		2,886	2,354
Equipment expensed					434		434	6,116
Equipment leasing and			hire		868		868	861
charges
Equipment repairs and maintenance					1,823		1,823	2,813
General insurances					1,413		1,413	1,104
Information and publications					32		32	62
Postage and couriers					110		110	30
Software, ITsupport		and		related	1,146		1,146	1,211
costs
Stationery and printing					192		192	501
Sundry expenses					3,378		3,378	1,531
Telephone, fax and	broadband				1,193		1,193	786
					20,812		20,812	25,264
Legal and professional		costs
Audit/Independent		examination						900
fees
Accountancy and bookkeeping					2,826		2,826	2,270
Consultancy fees					1,000	100	1,100	1,000
Other legal and professional					400		400	2,723
costs
					4,226	100	4,326	6,893
Total ofexpenditure	of		other costs		153,416	1,012	154,428	154,051
Total expenditure					216,420	1,262	217,682	208,976

Spike Print Studio Limited Detailed Statement of Financial Activities
Net gains on investments
Net expenditure	(49,335)	12,504	(36,831)	(14,908)
Transfers between funds	4,234	(4,234)
Net expenditure before other gains/(losses)	(45,101)	8,270	(36,831)	(14,908)
Other Gains
Net movement in funds	(45,101)	8,270	(36,831)	(14,908)
Reconciliation offunds:
Total funds brought forward	60,425	5,000	65,425	80,333
Total funds carried forward	15,324	13,270	28,594	65,425