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2023-09-30-accounts

Trustees’ Annual Report for the period

From 1 October 2022 To 30 September 2023 Period start date Period end date

Charity name: INK

Charity registration number: 1175770

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance the Arts for the public benefit
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Encouraging and nurturing the writing of
new short scripts for stage and radio by
emerging and established writers of all
ages, the majority with an East Anglian
connection, without distinction of sex,
sexual orientation, age, disability,
nationality, race or political, religious or
other opinions.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Providing affordable local access to new
drama and to raise awareness of the
Performing Arts in East Anglia;
Advancing the education of children in
drama; supporting The Cut Performing Arts
Theatre, Halesworth, Suffolk, and other like
venues in their role in bringing performing
arts to the community.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The 2023 INK Festival was held in The Cut
Arts Centre and surrounding venues in
Halesworth, Suffolk in April 2023. It
produced over 50 new short plays for stage
and radio. We continue to focus on
providing opportunities for new writers and
highly accessible short, sharp theatrical
experiences for new and returning
audiences. In recent years we have also
put an emphasis on our young audiences.
Building upon the hugely successful
“Cuckoo” production in 2022 dealing with
County Lines and presented to secondary
school pupils throughout Suffolk and
Norfolk we now offer a special 5thFestival
Youth Day accessed by secondary schools
throughout the area and attended by
hundreds of students. We have also
targeted bringing the businesses of
Halesworth and the Halesworth
Thoroughfare into our projects, and this is
something we continued to push forward
with our free-to-all Sunday Funday event in
the town’s market square.The INK
Festival goes from strength to strength
with a bumper crop of emerging talent.
London is not the only creative hub in
the country.(Paul Hegarty Theatre- The
Reviews Hub)INK is the seed-corn of
theatre and of new writing…The world
should pay attention to INK(Libby
Purves)

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41

Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 INK's Reserve Policy is to target a
minimum freely available cash balance of
£1,000.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 After careful consideration, the Trustees
consider this to be an adequate reserve to
cover unforeseen contingences.
Amount of reserves held Para 1.22 £32,650.70 which includes carry-forward
funds to maintain INK’s activities
throughout the year.
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Charitable Incorporated Organisation
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 As above
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are elected and are appointed for
a term of three years by a resolution
passed at a properly convened meeting of
the charity Trustees (Para 10.1 (a) of the
INK constitution).

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name INK
Other name the charity uses INK Festival
Registered charity number 1175770
Charity’s principal address INK Spot, Unit 10,The Cut Arts Centre
8 New Cut,
Halesworth,
Suffolk, IP19 8SY

Names of the charity trustees who manage the charity

1
2
3
4
5		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Anthony
Mackintosh		 Chair
Julia Sowerbutts Artistic Director
John Bainer
Ben Elder
Rob Guildon
Simon Cortenay
Trewin

– Corporate trustees names of the directors at the date the report was approved

Director name n/a

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 n/a
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 n/a
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 n/a

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) addresses of advisers (Optional information)
Type of
adviser		 Name
Address
n/a

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) John Bainer Full name(s) Julia Sowerbutts

Position (eg Secretary, Trustee and Artistic Director Trustee Chair, etc)

Date 6 June 2024

----- Start of picture text -----
INK (From Pen to Performance 1175770
Receipts and payments accounts For the 01/10/2022 30/09/2023 CC16a
To
period
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
----- End of picture text -----

Unrestricted

Section A Receipts and payments		 Unrestricted

Section A Receipts and payments		 Restricted
 Endowment
 Total funds Last year
funds
A1 Receipts
to the nearest
£
Donations
5,089
Grants
6,400
Grants - Foyle Foundation
5,000
Fund RaisingEvents
5,232
Workshops
240
Ticket Sales
36,722
Sponsors
5,400
-
Sub total(Gross income for
AR)
64,083
A2 Asset and investment sales,
(see table).
-
Sub total
-
Total receipts
A3 Payments
Production Costs
29,397
Technical Costs
1,500
Office Costs
3,826
SUB CONTRACTED STAFF
16,966
DESIGN
14,501
Insurance
475
WEBSITE
5,066
Activities for Youth
-
See B5 Liabilites
Sub total
71,731
A4 Asset and
investment purchases,
(see table)
-
-
Sub total
-
Total paymentsNetof
receipts/(payments)
A5 Transfers between funds A6
Cash funds last year end
Cash funds this year end
-
7,648
-
6,096
-
1,552
71,731
64,083		 funds
to the nearest £
61,050
6,900
-
67,950
-
-
-
28,315
29,600
5,132
2,339
-
-
-
65,386
-
-
-
2,564
44,129
46,693
65,386
67,950		 funds
to the nearest £		 to the nearest £
5,089
67,450
5,000
5,232
240
36,722
12,300
-
132,033
-
-
-
57,712
31,100
3,826
22,098
14,501
475
5,066
2,339
-
-
-
137,117
-
-
-
-
5,084
-
50,225
45,141
137,117
132,033		 to the nearest £
- 4,362
- 42,290
- 5,000
- 10,839
- 920
- 36,108
- 13,825
- -
- 113,344
-
- -
- -
113,344
-
- 59,763
- 32,409
- 2,891
- 19,291
- 11,000
- 485
- 1,408
2,077
-
-
- 129,324
-
-
- -
-
15,981
-
66,206
50,225
129,324
f
71,731		 -
-
-
-
-
-
7,648
-
6,096
-
1,552

CCXX R1 accounts (SS)

25/05/2024

1

Section B Statement of assets and liabilities at the end of the period

Categories Details Details Unrestricted
funds		 Unrestricted
funds		 Restricted
funds		 Restricted
funds		 Endowment
funds		 Endowment
funds
B1 Cash funds Barclays ~~to~~
-		 ~~nearest £~~
1,552		 ~~to~~ ~~nearest £~~
39,068		 ~~to nearest £~~ -
VAT Recoverable 7,625 -
- -
Total cash funds - 1,552 46,693 -
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional)
(optional)		 Current value
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
Fund to Amount When due
Details which due (optional)
B5 Liabilities liability (optional)
relates
-
-
-
~~-~~ Date of
Signed by one or two trustees on
behalf of all the trustees		 Approval
26/05/2024
26/05/2024

CCXX R2 accounts (SS)

25/05/2024

2

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c￿￿ntS in a¢corfance Ihg reguiremanls of the Ch&rllies Aet 2011

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