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





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|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<br>and legacies||5,222|13,766|18,988|68,633|
|Charitable<br>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<br>on:||||||
|Raising funds|8|9,435||9,435|3,957|
|Charitable<br>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<br>between<br>funds||4,234|(4,234)|||
|Net expenditure<br>before other<br>gains/(losses)||(45,101)|8,270|(36,831)|(14,908)|
|Other gains and losses||||||
|Net movement<br>in funds||(45,101)|8,270|(36,831)|(14,908)|
|Reconciliation<br>offunds:||||||
|Total funds brought forward<br>as previously<br>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|





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|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<br>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<br>income|||funds||13,270|5,000|
||||||13,270|5,000|
|Unrestricted<br>funds||||18|||
|General funds|||||5,136|45,085|
|Designated<br>funds|||||10,188|15,340|
||||||15,324|60,425|
|Reserves||||18|||
|Total funds|||||28,594|65,425|





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||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||funds|funds|Total funds|
||||2022|2022|2022|
|Income and endowments||from:||||
|Donations<br>and|legacies||5,667|62,966|68,633|
|Charitable<br>activities|||116,979||116,979|
|Other trading|activities||8,212||8,212|
|Other|||244||244|
|Total|||131,102|62,966|194,068|
|Expenditure<br>on:||||||
|Raising funds|||3,957||3,957|
|Charitable<br>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<br>between|funds||53,657|(53,657)||
|Net income before other<br>gains/(losses)|||(19,908)|5,000|(14,908)|
|Other gains and losses:||||||
|Net movement<br>in|funds||(19,908)|5,000|(14,908)|
|Reconciliation<br>of|funds:|||||
|Total funds brought forward|||80,333||80,333|
|Total funds carried forward|||60,425|5,000|65,425|



## 

|Income fr|om donations<br>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|





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|Income|fro|m charitable<br>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|





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|9|Expenditure<br>on c|harita|ble<br>activities|||||
|---|---|---|---|---|---|---|---|
||||||||As|
||||||||restated|
|||||Unrestricted|Restricted|Total|Total|
|||||||2023|2022|
||Expenditure<br>on charitable|||||||
||activities|||||||
||Learning<br>programme|||50,524||50,524|50,966|
||Editioning|||2,557|125|2,682||
||Exhibitions<br>&events|||489|124|613||
||Governance<br>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<br>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,<br>depreciation,|||||||
||impairment,<br>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<br>ofowned||fixed assets||7,337||7,895|





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|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|||||||



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|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<br>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|





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|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<br>at 1April|resources<br>(including<br>other|Resources<br>expended|Gross<br>transfers|At 31<br>March<br>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|





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|||||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|



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## 

||||Unrestricte|Restricted||As restated|
|---|---|---|---|---|---|---|
||||d funds|funds|Total funds|Total funds|
||||2023|2023|2023|2022|
|Income and endowments||from:|||||
|Donations<br>and legacies|||||||
|Donations<br>received||||||600|
|Grants received||||13,766|13,766|67,179|
|Donated<br>print sales|||5,222||5,222|854|
||||5,222|13,766|18,988|68,633|
|Charitable<br>activities|||||||
|Membership|||39,129||39,129|31,336|
|Learning<br>programme|||104,532||104,532|85,285|
|Editioning|||4,734||4,734|354|
|Exhibitions<br>&.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<br>income|||2,380||2,380|244|
||||2,380||2,380|244|
|Total income and endowments|||167,085|13,766|180,851|194,068|
|Expenditure<br>on:|||||||
|Costs ofother trading|activities||||||
|Materials|||9,435||9,435|3,957|
||||9,435||9,435|3,957|
|Total ofexpenditure<br>funds|on|raising|9,435||9,435|3,957|
|Charitable<br>activities|||||||
|Learning<br>programme|||50,524||50,524|50,966|
|Editioning|||2,557|125|2,682|2|
|Exhibitions<br>&events|||489|124|613||
||||53,569|250|53,819|50,968|
|Total ofexpenditure<br>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|





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|etailed Statement of||Fi|nan|cial Activities|||||
|---|---|---|---|---|---|---|---|---|
|Employee costs|||||||||
|Salaries/wages|||||53,503||53,503|62,839|
|Pension costs|||||772||772|878|
|Temporary<br>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<br>repairs and|||||461||461||
|maintenance|||||||||
||||||41,746||41,746|40,449|
|General administrative|||costs,||||||
|including<br>depreciation||and|||||||
|amortisation|||||||||
|Depreciation<br>ofStudio|||||1,514||1,514|1,514|
|refurbishment|||||||||
|Depreciation<br>of Furniture,||||fixings|5,823||5,823|6,381|
|gr equipment|||||||||
|Bank charges|||||2,886||2,886|2,354|
|Equipment<br>expensed|||||434||434|6,116|
|Equipment<br>leasing and|||hire||868||868|861|
|charges|||||||||
|Equipment<br>repairs and<br>maintenance|||||1,823||1,823|2,813|
|General insurances|||||1,413||1,413|1,104|
|Information<br>and publications|||||32||32|62|
|Postage and couriers|||||110||110|30|
|Software,<br>ITsupport||and||related|1,146||1,146|1,211|
|costs|||||||||
|Stationery<br>and printing|||||192||192|501|
|Sundry expenses|||||3,378||3,378|1,531|
|Telephone,<br>fax and|broadband||||1,193||1,193|786|
||||||20,812||20,812|25,264|
|Legal and professional||costs|||||||
|Audit/Independent||examination||||||900|
|fees|||||||||
|Accountancy<br>and bookkeeping|||||2,826||2,826|2,270|
|Consultancy<br>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<br>Detailed Statement of Financial Activities|||||
|---|---|---|---|---|
|Net gains on investments|||||
|Net expenditure|(49,335)|12,504|(36,831)|(14,908)|
|Transfers<br>between<br>funds|4,234|(4,234)|||
|Net expenditure<br>before other<br>gains/(losses)|(45,101)|8,270|(36,831)|(14,908)|
|Other Gains|||||
|Net movement<br>in funds|(45,101)|8,270|(36,831)|(14,908)|
|Reconciliation<br>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|