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2023-03-31-accounts

Charity number: 1176379

Company number: 05346503

(England and Wales)

Home Live Art Limited

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2023

Home Live Art Limited Contents Page For the year ended 31 March 2023

Report of the Trustees 1 to 8
Independent Examiner's Report to the Trustees 9
Statement of Financial Activities 10
Statement of Financial Position 11
Notes to the Financial Statements 12 to 19

Home Live Art Limited Report of the Trustees For the year ended 31 March 2023

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of Home Live Art are to advance the education of the public in particular through the promotion, exhibition and facilitation of 'live art' and contemporary performance both nationally and internationally, by means of touring, public performances, broadcasts, exhibitions, workshops and courses and other suitable means.

Home Live Art is an artist-led, queer-led creative organisation based in Hastings on the Southeast coast of England. It is dedicated to developing new sites and audiences for culture by supporting artists to develop their work and building strong local communities through creativity.

Our Vision is for a creative community where everyone can feel at home, and where Live Art is a radical and inclusive way of exploring and understanding the world.

We believe that Live Art is a way of thinking about what art is, what it can do, and where and how it can be experienced. It is a means of connecting people, places and ideas. Live Art breaks the rules about who is making art, how they are making it and who they are making it for.

Our Mission is to electrify and diversify the cultural ecology in the towns of South East England through bold programming and innovative community-led work.

Our Values We are...

Risk taking - in what we do and how we do it, and enable others to do the same Inclusive - actively working to break down hierarchies, within the arts and within society

Resourceful - our practice is collaborative and sustainable, making the most of what we have.

We will...

Listen - we respect the views and experience of others Learn - we all have something to teach each other and we never stop learning Play - we don't take ourselves too seriously and know how to have fun

Our Goals

"HLA has become an essential part of my life. Don't go anywhere!" community participant

HLA curates and produces a year-round programme of experimental performance and community-led participatory work with a 24-year record of quality and innovation. Launched in London in 1999, HLA relocated to Hastings in 2018 and embarked on an exciting phase of development. An innovative leadership model pairing artist and producer Katy Baird as Artistic Director with renowned queer collective Duckie as Executive Directors has introduced bold programming and new ways of working with communities.

"Sometimes when you try something new it can totally amaze and be one of those pieces of the jigsaw of life's events that shape your future. Friday evening was like that." Salty Queer Cabaret audience member.

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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Home Live Art Limited Report of the Trustees Continued For the year ended 31 March 2023

ACHIEVEMENTS AND PERFORMANCE

Significant activities

Key Projects

INNOVATIVE COMMUNITY-LED WORK

We empower individuals and communities through creating space for their ideas to happen and develop.

Good Stuff in St Leonards

Community-Led Programming and Co-Creation

We firmly believe that a community itself best understands its wants and needs and in November 2018, following a £10K grant from the Creative Civic Change programme, we embarked on a journey to turn this belief into a way of working.

This sparked Good Stuff in St Leonards, a 3-year, £200K co-designed initiative born from extensive conversations with residents. It empowered local people to enact positive community change through creativity, shaping our co-creation model and fundamentally transforming the organisation in the process.

Three of the projects from Good Stuff in St Leonards - Playing the Race Card, Painting the Prom and One Foot in the Groove - exceeded all expectations and will continue as part of this next phase of development.

"As someone who has been born and raised in Hastings in a Black Jamaican family, this was a very positive experience in my hometown!" Playing the Race Card attendee

"Being part of the dance troupe has been such a great experience in many ways. Inhibitions are thrown aside, restrictions on movements due to stiff joints doesn't matter. We do what we can and hope for the best." - One Foot in the Groove dance club member

"This is such a great idea. Those shelters in the sea wall were so grim and soulless before. Lovely to see them full of colour!" Alison Purdy (local resident) 2021.

Queer History Collective

in partnership with Hastings Museum & Art Gallery

The Queer History Collective emerged through public open meetings with the LGBTQIA+ community, leading to the formation of a dedicated group of volunteers committed to collecting, preserving and sharing Hastings' queer history.

Working together with esteemed Queer curators they created a 'Queer History Trail Map' for the Hastings Museum and Art Gallery and now want to work towards a major exhibition in 2026 highlighting lost queer stories and places in Hastings.

SUPPORTING ARTISTS & AUDIENCES TO TAKE RISKS

Always at the core of HLA's work is a commitment to provide a nurturing space for artists to take risks in developing and presenting their work. Our ambition is for HLA to be a trusted feeder and career developer for artists with an offer that creates a freedom to play and try new things, and a supportive and engaged local audience.

Reignite: A new artist development initiative providing funding and support for five artists to work on an element of their practice with fellow creative practitioners. This fund is about supporting collaboration across disciplines and allowing space for artists to try new things out and take risks. The five artists selected were:

New Queers on the Block (NQOTB): A national artist development project led by Marlborough Productions as a result of a documented need to provide better opportunities for LGBTQA+ identifying artists and communities across England. NQOTB

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Home Live Art Limited Report of the Trustees Continued For the year ended 31 March 2023

offers 4 LGBTQA+ artists a 6-month salary to develop their practice plus a local artist bursary and audience development initiative.

The artist selected were:

Knotty Festival of Performance

A programme of playful, immersive encounters across the streets of Hastings for everyone to enjoy. All events were free to attend, for ages 6+ and audiences could drop in at any time to take part.

With performances from:

Provocative, bold and unapologetic, the artists at Knotty Festival not only invited us to question the world we live in right now but also actively created spaces in which we can reimagine and redefine how we see our future.

Sweet at Folkestone Pride

A family friendly cabaret show for anyone aged 6 and over which featured a jam-packed programme of dance, drag and music, all mixed together in a show that kept both children and adults entertained and enthralled. With performances from

ORGANISATIONAL DEVELOPMENT

Following four successful years leading Home Live Art, both Katy Baird and Duckie have developed a strong method of working together ensuring that each has a clear identity and understanding of their roles and identities across Home Live Art.

We continue to review and update our organisational policies and procedures, and where appropriate implemented new ones. Our recruitment procedures ensure that all staff, trustees, freelance contractors, volunteers and artists are treated fairly irrespective of their age, race, ethnic or national origin, socio-economic group, gender, sexual orientation, or any disability (visible or not).

The Board recognises that it is the people involved in Home Live Art who make the magic happen and that both staff and volunteers need on-going support and professional development opportunities in order to thrive.

The company also recognises that each staff member has a wealth of experience, wisdom and skills that they have built up through their time at the Home Live Art and that there must be succession plans in place to ensure that the departure of any key staff members does not adversely affect the organisation. We will also continue to seek opportunities to offer further training to existing staff members and volunteers to take more responsibilities and to increase their capacity and skills

ENVIRONMENTAL RESPONSIBILITY

Home Live Art is a small arts organisation, consisting of three part-time staff, each of whom works from their home base to support company business. As a producing organisation with no venue, our work varies from small-scale performance activity to large-scale, site-specific projects often delivered in partnership with other institutions such as local authorities, museums and festivals. Home Live Art recognises that its activity has an environmental impact which cannot be ignored. Our overall aim is to better understand this impact and where possible, make changes to our working practices to limit or reduce this.

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Home Live Art Limited Report of the Trustees Continued

For the year ended 31 March 2023

Objectives

Home Live Art will continue to examine ways in which it can alter and amend its existing business practice to help reduce its impact on both the local and national environmental landscape. We will work with our staff, artists, volunteers and venues to achieve this without impacting on our mission to produce exciting theatrical events.

Scope of Policy

Our key commitment is to improve our usage of production materials and infrastructure for our work, including:

Implementation

This policy is supported by an Environmental Action Plan including implementation targets and dates, and we will work with our board, staff, venues and audience to promote environmental awareness and encourage each of them to work in an environmentally responsible manner wherever possible.

FINANCIAL REVIEW

Significant events

Arts Council England Funding

Home Live Art successfully secured funding as a National Portfolio Organisation (NPO) of Arts Council England (ACE) for the period 2023-2026. Our annual grant of £75,435 contributes towards both the core running costs of the organisation together with our artistic output across the year.

Funding

Whilst we are continually looking to diversify our income streams, funding generally has become more difficult as a sector to obtain over the last 12 months. These factors include the cost-of-living crisis (last year inflation peaked at its highest point in 40 years), the continuing war in the Ukraine and the reduction of local government budgets, through which many arts companies have been supported across the years.

We are presently in conversation with Esmee Fairbairn, The National Lottery, as well as a host of smaller more local charities to ensure that HLA can continue with the brilliant work it has developed in Hastings and the south-east over the last few years.

We will continue to approach a wide range of funders in our pursuit of further income diversification and will explore a more coherent strategy of sponsorship and donations across the next 3-year period.

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Home Live Art Limited Report of the Trustees Continued For the year ended 31 March 2023

Reserves

Total income in this year amounted to £206,773 (2020/21: £316,169) a reduction of 35% on the previous year. Resources expended in 2022/23 were £224,563 (2020/21: £161,072).

We have many strategic, third sector partners who are invested in our activity because of our long-term impact with their communities and our fundraising strategy is updated continually to identify different income sources for all activities.

Our organisational reserves policy is to hold a minimum of 8 weeks free reserves (or 15.39%) of the previous year's annual turnover which in the YE 31/3/23 was £206,773 giving a target of £31,812.

In addition, we have the following unrestricted designated reserves:

£75,000 to support HLAs 25 anniversary Knotty Festival in 2024

£15,000 to support Salty productions in 2024

£15,000 to support artistic ambition and to manage risk

£10,000 to support updating the organisations web site

As at 31/3/2023 free reserves amounted to £79,900

Total reserves at year-end stand at £254,647 (2020/21 £272,437) of which £27,300 are classed as restricted and £146,812 classed as designated.

To achieve artistic excellence and take artistic risks with a sustainable financial system, the Trustees have agreed to assign a minimum 5% contingency to each project. This is to be matched with a 5% contingency against core costs to protect against unexpected eventualities.

FUTURE PLANS - April 2024 and beyond.

Confirmed Projects and Events

Playing the Race Card:

Driven by local resident Claudine Eccleston in response to her own experiences of racism, PTRC aims to continue to foster a town-wide dialogue on race through creativity. Led by Claudine and a voluntary group of local Black residents and supported by HLA in a model of creative allyship, the project hosts events that stimulate the kind of discussion that has rarely happened in the town.

'friend' by Gillie Kleiman

Friend is a call out for 4 non-professional dancers to showcase their talent within the comfort of their own homes, with an audience composed solely of their friends. Deadline for applications: 20 November 2023.

One Foot in the Groove

The first 10-week season with local choreographer Darragh O'Leary has started. This new dance routine will be performed in Hackney at the Posh Club in December 2023.

Painting the Prom

Funding applications will be submitted to The Arts Society, Hastings Round Table, Isabel Blackman Foundation and Sussex Community Foundation.

Knotty 2024

Knotty will take place over two weekends in June 2024 (7-9 and 14-16). Confirmed artists include Sonia Hughes, Ray Young and Afri-Co-Lab.

When the Day Met the Night

A new commission and performance premiere in Hastings for Knotty Festival conceived by Afri-Co-Lab and led by artist Anna Maria Nabirye and choreographer Darragh O'Leary.

Using the streets and landmarks of St Leonards and Hastings as their stage, the artists will collaborate with a variety of community groups and local residents to create a one-of-a-kind performance that will reflect the diversity, beauty and spirit of our town.

Partnerships

Local Partnerships

Hastings Museum and Art Gallery

The Queer History Collective have chosen the theme for the next three years: 'Queer stories of Hastings and St Leonards'

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Home Live Art Limited Report of the Trustees Continued For the year ended 31 March 2023

with two years of research activities planned culminating in an exhibition at Hastings Museum .

Cultural Leaders Forum

HLA have been attending meetings with other local NPO organisations and Arts Council England as part of this network. Discussions have centred on funding becoming available for capital grants from the 'Department for Levelling Up, Housing and Communities'.

Hastings Trans Pride

The co-produced performance event on 28 July 2023 for and with Trans Pride featuring the artists Wet Mess and Nando Messias completely sold out and was a huge success, raising much needed funds and profile for the group.

National Partnerships

New Queers On The Block

Phase 3 will take place over three years from 2023 through to 2026 and will support local Producer Hannah Fox to curate and produce a series of talks and performances at the The Stables Theatre from UK based LGBTQIA+ artists.

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Home Live Art Limited Report of the Trustees Continued For the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Recruitment and Appointment of Trustees

The Trustees are also the directors of Home Live Art for the purpose of company law. Home Live Art articles of association require a minimum of three Trustees. There is no maximum number of Trustees. A third of the directors are subject to re-election at the Annual General Meeting, with no maximum length of service. Only the current directors can appoint new directors.

Board Development

Organisational structure

Risk Management

The current environment for small organisations with strong commitments to innovation and risk remains challenging.

The Trustees have considered the major risks that the charity faces and have systems in place to mitigate those risks. Some of the biggest risks identified by the charity are:

We have many strategic, third sector partners who are invested in our activity because of our long-term impact with their communities and our fundraising strategy is updated continually to identify different income sources for all activities.

A company-wide Risk Register is in place, and is updated and reviewed at all board meetings. Where risks are identified between board meetings, trustees will be informed and ad-hoc meetings arranged to assess the risks and appropriate action plans.

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Home Live Art Limited Report of the Trustees Continued

For the year ended 31 March 2023

Recruitment and appointment of trustees

The Trustees are also the directors of Home Live Art for the purpose of company law. Home Live Art articles of association require a minimum of three Trustees. There is no maximum number of Trustees. A third of the directors are subject to re-election at the Annual General Meeting, with no maximum length of service. Only the current directors can appoint new directors.

Board Development

·New members have settled in and have been a great addition to the HLA family

·A Board audit has taken place and will be collated and reviewed before the next recruitment begins

·A Diversity and Inclusion Board Sub-group has been set up to specifically look at diversity and inclusion in relation to the work of Home Live Art. The first meeting has already taken place, with more to follow

·We will continue to review and recruit new Trustees and work to ensure that we have sufficient expertise as required

All new Trustees are brought fully up to date with the company and its work and provided with essential documents including the latest Board minutes, management accounts and artistic review. They are also directed to the Charity Commission website which contains detailed information on Trustee role and Board.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Home Live Art Limited Charity registration number 1176379 Company registration number 05346503 Registered address 133A London Road St. Leonards-On-Sea TN37 6AU

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Rosamund Cooper Polly Gifford Mathilda Gregory Nicola Tomlinson Anna- Maria Nabirye Independent examiner Caroline Clarke ACA 66 High Street Lewes East Sussex BN7 1XG

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 18 December 2023 Rosamund Cooper

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Home Live Art Limited

Independent Examiners Report to the Trustees For the year ended 31 March 2023

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Caroline Clarke ACA 66 High Street Lewes East Sussex BN7 1XG

19 December 2023

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Home Live Art Limited

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2023

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
Total
Expenditure on:
Charitable activities
5/6
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
77,976
13,393
38
73,622
165,029
(107,219)
(107,219)
57,810
169,537
227,347		 Restricted
funds
£
41,744
-
-
-
41,744
(117,344)
(117,344)
(75,600)
102,900
27,300		 2023
£
119,720
13,393
38
73,622
206,773
(224,563)
(224,563)
(17,790)
272,437
254,647		 2022
£
231,799
84,362
8
-
316,169
(161,072)
(161,072)
155,097
117,340
272,437

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05346503

Registered Number :

Home Live Art Limited Statement of Financial Position As at 31 March 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 12 635 1,819
635 1,819
Current assets
Debtors 13 86,140 10,641
Cash at bank and in hand 169,222 270,813
255,362 281,454
Creditors: amounts falling due within one year 14 (1,350) (10,836)
Net current assets 254,012 270,618
Total assets less current liabilities 254,647 272,437
Net assets 254,647 272,437
The funds of the charity
Restricted income funds 15 27,300 102,900
Unrestricted income funds 15 227,347 169,537
Total funds 254,647 272,437

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Rosamund Cooper Trustee 18 December 2023

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Home Live Art Limited Notes to the Financial Statements For the year ended 31 March 2023

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Home Live Art Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. Grants received are deferred to te extent that teh conditions of their receipt are to be fulfilled in a future period.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment 33% Straight line Fixtures and fittings 33% Straight line

2. Income from donations and legacies

Unrestricted Restricted 2023 2022
funds funds
£ £ £ £
Donations received 50 - 50 90
Grants received 77,926 41,744 119,670 231,709
77,976 41,744 119,720 231,799

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Home Live Art Limited Notes to the Financial Statements Continued For the year ended 31 March 2023

Analysis of grants received

2023 2022
£ £
Arts Council England NPO 76,823 130,933
Arts Council England Projects 3,060 -
Chalk Cliff Trust - 3,000
Creative Civic Change - 96,876
Hastings Borough Council 1,700 -
Hastings Borough Council - 900
Local Trust 36,087 -
Wysing Arts Centre 2,000 -
119,670 231,709

3. Income from charitable activities

Unrestricted funds
Arts events
Commissions
Ticket and sundry sales
nvestment income
Unrestricted funds
Bank interest receivable		 2023
£
3,795
9,598
13,393
13,393
2023
£
38
38		 2022
£
1,200
83,162
84,362
84,362
2022
£
8
8

4. Investment income

5. Costs of charitable activities by fund type

Unrestricted Restricted 2023 2022
funds funds
£ £ £ £
Arts events 83,848 117,344 201,192 139,429
Support costs 23,371 - 23,371 21,643
107,219 117,344 224,563 161,072

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Home Live Art Limited

Notes to the Financial Statements Continued For the year ended 31 March 2023

6. Costs of charitable activities by activity type

Support
costs
Activities
undertaken
directly
£
£
Support costs
Arts events
23,371
201,192
nalysis of support costs
Arts events
Management
Governance costs
et income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Accountancy fees
Staff pension contributions		 2023
£
224,563
2023
£
19,435
3,936
23,371
2023
£
1,184
1,350
560		 2022
£
161,072
2022
£
13,461
8,182
21,643
2022
£
867
1,350
-

7. Analysis of support costs

8. Net income/(expenditure) for the year

9. Staff costs and emoluments

Total staff costs for the year ended 31 March 2023 were:

Total staff costs for the year ended 31 March 2023 were:
2023 2022
£ £
Salaries and wages 26,613 23,088
Pension costs 560 -
27,173 23,088

No employee earned more than £60,000 during the year (2022: nil).

The total employee benefits including pension contributions of the key management personnel were £27,850.

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Home Live Art Limited Notes to the Financial Statements Continued For the year ended 31 March 2023

2023 2022
Artistic 1 1
1 1

10. Trustee remuneration and related party transactions

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022:£nil).

One trustee, Polly Gifford, received payment for professional services supplied to the charity of £1,350 (2022:£nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2022:£643). There are no related party transactions to disclose for 2023 (2022:none).

11. Comparative for the Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
130,953
79,862
8
210,823
(127,708)
(127,708)
83,115
86,422
169,537		 Restricted
funds
£
100,846
4,500
-
105,346
(33,364)
(33,364)
71,982
30,918
102,900		 2022
£
231,799
84,362
8
316,169
(161,072)
(161,072)
155,097
117,340
272,437

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Home Live Art Limited

Notes to the Financial Statements Continued For the year ended 31 March 2023

12. Tangible fixed assets

Fixtures and Computer
Cost or valuation fittings equipment Total
£ £ £
At 01 April 2022 703 2,850 3,553
At 31 March 2023 703 2,850 3,553
Depreciation
At 01 April 2022 - 1,734 1,734
Charge for year 234 950 1,184
At 31 March 2023 234 2,684 2,918
Net book values
At 31 March 2023 469 166 635
At 31 March 2022 703 1,116 1,819

13. Debtors

Debtors
2023 2022
£ £
Amounts due within one year:
Trade debtors 4,440 -
Prepayments and accrued income 73,622 10,641
Other debtors 8,078 -
86,140 10,641

14. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors - 9,486
Accruals and deferred income 1,350 1,350
1,350 10,836

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Home Live Art Limited Notes to the Financial Statements Continued For the year ended 31 March 2023

15. Movement in funds

Unrestricted Funds

Designated
Artistic Practice
Designated Reserves
Knotty Festival 2024
New Website
Salty 2024
General
General
Unrestricted Funds - Previous year
Designated
General
General		 Balance at
01/04/2022
£
-
-
-
-
-
169,537
169,537
Balance at
01/04/2021
£
86,422
86,422		 Incoming
resources
£
-
-
-
-
-
165,029
165,029
Incoming
resources
£
210,823
210,823		 Outgoing
resources
£
-
-
-
-
-
(107,219)
(107,219)
Outgoing
resources
£
(127,708)
(127,708)		 Transfers
£
15,000
31,812
75,000
10,000
15,000
(146,812)
-
Transfers
£
-
-		 Balance at
31/03/2023
£
15,000
31,812
75,000
10,000
15,000
80,535
227,347
Balance at
31/03/2022
£
169,537
169,537

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Home Live Art Limited Notes to the Financial Statements Continued For the year ended 31 March 2023

Purpose of unrestricted Funds

New Website

Designated reserves for new website.

Artistic Practice

Designated reserves for Artistic Practice.

Salty 2024

Designated reserves for Salty 2024.

Knotty Festival 2024

Designated reserves for Knotty Festival 2024.

Designated Reserves

Designated reserves based on current reserves policy.

General

For the production of Arts events

Restricted Funds

Balance at Incoming Outgoing Balance at
01/04/2022 resources resources 31/03/2023
£ £ £ £
Restricted fund 102,900 41,744 (117,344) 27,300
102,900 41,744 (117,344) 27,300
Restricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/04/2021 resources resources 31/03/2022
£ £ £ £
Restricted fund 30,918 105,346 (33,364) 102,900
30,918 105,346 (33,364) 102,900

Purpose of restricted funds

Restricted fund

Funds for the production of specific Arts events

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Home Live Art Limited Notes to the Financial Statements Continued For the year ended 31 March 2023

16. Analysis of net assets between funds

Unrestricted funds
General
General
Designated
Artistic Practice
Designated Reserves
Knotty Festival 2024
New Website
Salty 2024
Restricted funds
Restricted fund
Previous year
Unrestricted funds
General
General
Designated
Restricted funds
Restricted fund		 Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
635
79,900
80,535
-
15,000
15,000
-
31,812
31,812
-
75,000
75,000
-
10,000
10,000
-
15,000
15,000
-
27,300
27,300
635
254,012
254,647
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
1,819
167,718
169,537
-
102,900
102,900
1,819
270,618
272,437

17. Company limited by guarantee

Home Live Art Limited is a company limited by guarantee and accordingly does not have a share capital.

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