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|||Page||
|---|---|---|---|
|Chair's Report||||
|Report ofthe Trustees|2|to|3|
|Report ofthe Independent<br>Auditors|4|to|6|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||10||
|Notes to the Financial Statements|11 to||20|
|Detailed Statement of Financial Activities|21|to|22|





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||||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|f|f|f|f|
|INCOME AND|ENDOWMENTS||FROM||||||
|Donations<br>and|legacies||||80,659|44,707|125,366|146,599|
|Charitable<br>activities|||||||||
|Shop sales|||||40,237||40,237|46,182|
|Commissions|||||36,008||36,008|20,615|
|Online retail sales|||||142,016||142,016|171,016|
|Trade sales|||||824,676||824,676|795,611|
|Art sessions|||||97,430||97,430|97,403|
|Corporate<br>gift|sales||||16,392||16,392|26,933|
|Investment<br>income|||||596||596|14|
|Total|||||1,238,014|44,707|1,282,721|1,304,373|
|EXPENDITURE|ON||||||||
|Raising funds|||||18,354||18,354|(25,439)|
|Charitable<br>activities|||||||||
|Goods Purchased for Resale|||||524,160||524,160|566,854|
|Miscellaneous|Purchases||||4,353||4,353|3,001|
|Packaging<br>and|Carriage- Retail||Sales||17,636||17,636|2,720|
|Marketing<br>and|PR||||14,192||14,192|34,016|
|Courier Fees||||||||5,702|
|Package and Carriage - Trade Sales|||||53,078||53,078|73,553|
|Artist Materials|||||1,851||1,851|1,664|
|Fundraising<br>expenses||||||417|417||
|Trade show costs|||||30,147||30,147||
|Other|||||502,560|72,719|575,279|577,719|
|Total|||||1,166,331|73,136|1,239,467|1,239,790|
|NET INCOME/(EXPENDITURE)|||||71,683|(28,429)|43,254|64,583|
|RECONCILIATION<br>OF FUNDS|||||||||
|Total funds brought||forward|||175,808|43,639|219,447|154,864|
|TOTAL FUNDS|CARRIED FORWARD||||247,491|15,210|262,701|219,447|





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||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|f|f|f|f|
|FIXEDASSETS|||||||
|Tangible assets||14|17,175||17,175|26,082|
|CURRENT ASSETS|||||||
|Stocks||15|132,490||132,490|150,844|
|Debtors: amounts|falling due within one year|16|104,278||104,278|50,168|
|Prepayments<br>and|accrued income||10,777||10,777|21,926|
|Cash at bank|||237,447|15,210|252,657|224,553|
||||484,992|15,210|500,202|447,491|
|CREDITORS|||||||
|Amounts<br>falling due within one year||17|(155,467)||(155,467)|(84,732)|
|NET CURRENT ASSETS|||329,525|15,210|344,735|362,759|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||346,700|15,210|361,910|388,841|
|CREDITORS|||||||
|Amounts<br>falling due after more than one year||18|(99,209)||(99,209)|(169,394)|
|NET ASSETS|||247,491|15,210|262,701|219,447|
|FUNDS||19|||||
|Unrestricted<br>funds|||||247,491|175,808|
|Restricted funds|||||15,210|43,639|
|TOTALFUNDS|||||262,701|219,447|



## 



|||||Cash Flow Statement|||
|---|---|---|---|---|---|---|
|||||forthe Year Ended 31Ma|2023||
||||||31.5.23|31.5.22|
|||||Notes|f|f|
|Cash flows from operating|activities||||||
|Cash generated<br>from operations|||||25,043|68,953|
|Net cash provided<br>by operating||activities|||25,043|68,953|
|Cash flows from investing|activities||||||
|Purchase oftangible<br>fixed assets|||||(3,736)|(21,216)|
|Sale oftangible<br>fixed assets|||||6,797||
|Net cash provided<br>by/(used|in) investing|||activities|3,061|(21,216)|
|Change<br>in cash and cash equivalents|||in the||||
|reporting<br>period|||||28,104|47,737|
|Cash and cash equivalents|at the beginning||||||
|ofthe reporting<br>period|||||224,553|176,816|
|Cash and cash equivalents|at the end||of||||
|the reporting<br>period|||||252,657|224,553|





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||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|
||||||f|f|
|Net income for the||reporting|period (as per the Statement of Financial||||
|Activities)|||||43,254|64,583|
|Adjustments|for:||||||
|Depreciation|charges||||5,844|10,686|
|Decrease/(increase)||in stocks|||18,354|(25,439)|
|Increase in debtors|||||(42,960)|(24,607)|
|Increase<br>in creditors|||||551|43,730|
|Net cash provided||by operations|||25,043|68,953|
|ANALYSIS OF CHANGES IN NET FUNDS|||||||
||||At|1.6.22|Cash flow|At 31.5,23|
|||||f|f|f|
|Net cash|||||||
|Cash at bank|||224,553||28,104|252,657|
||||224,553||28,104|252,657|
|Total|||224,553||28,104|252,657|



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|2.|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|||||
|---|---|---|---|---|---|---|
||||||31.5.23|31.5.22|
||||||f|f|
||Donations||||124,018|145,523|
||Gift aid||||1,348|1,076|
||||||125,366|146,599|
|3.|INVESTMENT INCOME||||||
||||||31.5.23|31.5.22|
||||||f|f|
||Investment|income|||596|14|
||INCOME FROM CHARITABLE||ACTIVITIES||||
||||||31.5.23|31.5.22|
||||Activity||f|f|
||Charitable|Activities|Shop sales||40,237|46,182|
||Charitable|Activities|Commissions||36,008|20,615|
||Charitable|Activities|Online retail sales||142,016|171,016|
||Charita ble|Activities|Trade sales||824,676|795,611|
||Charitable|Activities|Art sessions||97,430|97,403|
||Charitable|Activities|Corporate|gift sales|16,392|26,933|
||||||1,156,759|1,157,760|
|5.|RAISING FUNDS||||||
||Other trading activities||||31.5.23|31.5.22|
||||||f|f|
||Opening stock<br>Closing stock||||150,844<br>(132,490)|125,405<br>(150,844)|
||||||18,354|(25,439)|





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||||||||Direct|
|---|---|---|---|---|---|---|---|
||||||||Costs|
||||||||E|
|Goods Purchased||for|Resale||||524,160|
|Miscellaneous|Purchases||||||4,353|
|Packaging and|Carriage-|||Retail Sales|||17,636|
|Marketing<br>and|PR||||||14,192|
|Package and Carriage|||—Trade Sales||||53,078|
|Artist Materials|||||||1,851|
|Fundraising<br>expenses|||||||417|
|Trade show costs|||||||30,147|
||||||||645,834|
|SUPPORT COSTS||||||||
|||||||Governance||
||||||Other|costs|Totals|
||||||f|E|f|
|Other resources|expended||||115,325|8,000|123,325|
|AUDITORS' REMUNERATION||||||||
|||||||31.5.23|31.5.22|
|||||||E|f|
|Fees payable to|the charity's auditors for the audit ofthe charity's||||financial|||
|statements||||||4,400|4,000|
|Auditors'<br>remuneration||||for non audit work||3,600|2,000|



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||2022|2021|
|---|---|---|
||E|f|
|Wages and salaries|375,110|337,810|
|Social security|28,510|29,734|
|Pension costs|18,330|19,610|
|Other staff costs|3,354|3,070|
|Total|425,305|390,224|





## 

||The average monthly|n|umber|ofempl|oyees<br>during the year was as|follows:|||
|---|---|---|---|---|---|---|---|---|
||||||||31.5.23|31,5.22|
||Staff||||||18|27|
||No employees<br>received||emoluments||in excess off60,000.||||
|11.|COMPARATIVES FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|||||||
|||||||Unrestricted|Restricted|Total|
|||||||funds|funds|funds|
|||||||f|E|E|
||INCOME AND ENDOWMENTS|||FROM|||||
||Donations<br>and legacies|||||66,512|80,087|146,599|
||Charitable<br>activities||||||||
||Shop sales<br>Commissions|||||46,182<br>20,615||46,182<br>20,615|
||Online retail sales|||||171,016||171,016|
||Trade sales|||||795,611||795,611|
||Art sessions|||||97,403||97,403|
||Corporate<br>gift sales|||||26,933||26,933|
||Investment<br>income|||||14||14|
||Total|||||1,224,286|80,087|1,304,373|
||EXPENDITURE ON||||||||
||Raising funds|||||(25,439)||(25,439)|
||Charitable<br>activities||||||||
||Goods Purchased<br>for|Resale||||566,854||566,854|
||Miscellaneous<br>Purchases|||||3,001||3,001|
||Packaging<br>and Carriage- Retail <br>Marketing<br>and PR<br>Courier Fees|||Sales||2,720<br>34,016<br>5,702||2,720<br>34,016<br>5,702|
||Package and Carriage<br>Artist Materials||—Trade|Sales||73,553<br>1,252|412|73,553<br>1,664|
||Other|||||531,510|46,209|577,719|
||Total|||||1,193,169|46,621|1,239,790|
||NET INCOME|||||31,117|33,466|64,583|
||RECONCILIATION<br>OF||FUNDS||||||
||Total funds brought|forward||||144,691|10,173|154,864|
||TOTAL FUNDS CARRIED FORWARD|||||175,808|43,639|219,447|





## 

||The total<br>amount<br>of employee<br>benef<br>E54,591).|its<br>received|by its Key Mana|gement<br>p|ersonnel|was f5|9,365.02<br>(20|
|---|---|---|---|---|---|---|---|
|13.|FUTURE COMMITMENTS|||||||
||At 31May 2022 the Charity had annual|commitments|under operating|leases as|follows:|||
|||96 High Street||Vehicle|Total|2021|Total 2022|
||||E|f||E|E|
||Within one year||35,000|3,637|38,637||35,000|
||Within 2-5 years||161,863|10,305|172,168||175,000|
||More than 5years||||||21,863|
||Total||196,863|13,942|210,805||231,863|
|14.|TANGIBLE FIXEDASSETS|||||||
|||||Fixtures||||
||||Plant and|and|Computer|||
|||machinery<br>E||fittings<br>f|equipment<br>E||Totals<br>E|
||COST|||||||
||At 1June 2022||6,800|46,298||8,457|61,555|
||Additions|||3,736|||3,736|
||Disposals||(6,800)|(12,599)|||(19,399)|
||At 31May 2023|||37,435||8,457|45,892|
||DEPRECIATION|||||||
||At 1June 2022|||30,707||4,766|35,473|
||Charge for year|||4,406||1,440|5,846|
||Eliminated<br>on disposal|||(12,602)|||(12,602)|
||At 31May 2023|||22,511||6,206|28,717|
||NET BOOK VALUE|||||||
||At 31May 2023|||14,924||2,251|17,175|
||At 31May 2022||6,800|15,591||3,691|26,082|





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|15.|STOCKS||||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.5.23|31.5.22|
||||||||f|f|
||Goods held for resale||||||132,490|150,844|
|16.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
||||||||31.5.23|31.5.22|
||||||||f|f|
||Trade debtors||||||104,278|50,168|
|17.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||
||||||||31.5.23|31.5.22|
||||||||f|f|
||Trade creditors||||||38,630|25,461|
||Taxation and|social security|||||19,592|23,924|
||Other creditors||||||97,245|35,347|
||||||||155,467|84,732|
|18.|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR|||||
||||||||31.5.23|31.5.22|
||||||||f|f|
||Other creditors||||||99,209|169,394|
|19.|MOVEMENT|IN FUNDS|||||||
||||||||Net||
||||||||movement|At|
||||||At 1.6.22||in funds|31.5.23|
||||||f||f|f|
||Unrestricted|funds|||||||
||General fund||||175,808||71,683|247,491|
||Restricted funds||||||||
||Awards for all||||4,722||(4,722)||
||Fundraising|||||417|(417)||
||Artist fund||||1,500||(1,500)||
||Big Issue||||31,000||(31,000)||
||Wates foundation||||6,000||(3,290)|2,710|
||Philip<br>King CharitableTrust||||||12,500|12,500|
||||||43,639||(28,429)|15,210|
||TOTAL FUNDS||||219,447||43,254|262,701|





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|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources<br>f|expended<br>f|in funds<br>f|
|Unrestricted|funds||||||
|General fund||||1,238,014|(1,166,331)|71,683|
|Restricted funds|||||||
|Awards for all|||||(4,722)|(4,722)|
|Fundraising|||||(417)|(417)|
|The National|Lottery Community||Fund|32,207|(32,207)||
|Artist fund|||||(1,500)|(1,500)|
|Big Issue|||||(31,000)|(31,000)|
|Wates foundation|||||(3,290)|(3,290)|
|Philip<br>King CharitableTrust||||12,500||12,500|
|||||44,707|(73,136)|(28,429)|
|TOTAL FUNDS||||1,282,721|(1,239,467)|43,254|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.6.21|in funds|31.5.22|
|||||f|f|f|
|Unrestricted|funds||||||
|General fund||||144,691|31,117|175,808|
|Restricted funds|||||||
|Awards for all||||4,722||4,722|
|Fundraising||||417||417|
|The National|Lottery Community||Fund|3,534|(3,534)||
|Artist fund||||1,500||1,500|
|Big Issue|||||31,000|31,000|
|Wates foundation|||||6,000|6,000|
|||||10,173|33,466|43,639|
|TOTAL FUNDS||||154,864|64,583|219,447|





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|Comparative<br>net mo|vement<br>in fu|nds, included<br>in the|above are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources<br>f|expended<br>f|in funds<br>f|
|Unrestricted<br>funds<br>General fund|||1,224,286|(1,193,169)|31,117|
|Restricted funds||||||
|The NationalLottery<br>Big Issue<br>Wates foundation|Community|Fund|42,087<br>31,000<br>7,000|(45,621)<br>(1,000)|(3,534)<br>31,000<br>6,000|
||||80,087|(46,621)|33,466|
|TOTAL FUNDS|||1,304,373|(1,239,790)|64,583|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.6,21<br>f|in funds<br>f|31.5.23<br>f|
|Unrestricted<br>funds||||||
|General fund|||144,691|102,800|247,491|
|Restricted funds||||||
|Awards for all|||4,722|(4,722)||
|Fundraising<br>The National<br>Lottery|Community|Fund|417<br>3,534|(417)<br>(3,534)||
|Artist fund|||1,500|(1,500)||
|Wates foundation||||2,710|2,710|
|Philip<br>King Charitable|Trust|||12,500|12,500|
||||10,173|5,037|15,210|
|TOTAL FUNDS|||154,864|107,837|262,701|





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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources<br>f|expended<br>E|in funds<br>E|
|Unrestricted|funds|||||
|General fund|||2,462,300|(2,359,500)|102,800|
|Restricted funds||||||
|Awards for all||||(4,722)|(4,722)|
|Fundraising||||(417)|(417)|
|The National|Lottery Community|Fund|74,294|(77,828)|(3,534)|
|Artist fund||||(1,500)|(1,500)|
|Big Issue|||31,000|(31,000)||
|Wates foundation|||7,000|(4,290)|2,710|
|Philip<br>King CharitableTrust|||12,500||12,500|
||||124,794|(119,757)|5,037|
|TOTAL FUNDS|||2,587,094|(2,479,257)|107,837|



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||Detailed Statement of Financial|Activities|||
|---|---|---|---|---|
||forthe Year Ended 31Ma|2023|||
||||31.5.23|31.5.22|
||||f|E|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies|||||
|Donations<br>Gift aid|||124,018<br>1,348|145,523<br>1,076|
||||125,366|146,599|
|Investment<br>income|||||
|Investment<br>income|||596|14|
|Charitable<br>activities|||||
|Charitable<br>Activities|||1,156,759|1,157,760|
|Total incoming resources|||1,282,721|1,304,373|
|EXPENDITURE|||||
|Other trading activities|||||
|Opening stock<br>Closing stock|||150,844<br>(132,490)|125,405<br>(150,844)|
||||18,354|(25,439)|
|Charitable<br>activities|||||
|Marketing<br>and PR<br>Artist materials<br>Goods purchased<br>for sale<br>Carriage/courier<br>Packaging<br>and carriage<br>Miscellaneous<br>purchases<br>Trade show costs|||14,609<br>1,851<br>518,858<br>12,656<br>63,360<br>4,353<br>30,147|34,016<br>1,664<br>566,854<br>5,702<br>76,273<br>3,001|
||||645,834|687,510|
|Other|||||
|Wages<br>Social security<br>Pensions<br>Bank charges<br>Professional<br>fees<br>Bad debts<br>Other staff costs<br>Depreciation<br>oftangible fixed assets|||427,837<br>4,881<br>13,392<br>5,844|375,111<br>28,510<br>18,330<br>3,363<br>2,345<br>300<br>3,354<br>10,686|
||||451,954|441,999|





## 

|||Detailed Statement of Financial|Activities|||
|---|---|---|---|---|---|
|||for the Year Ended 31Ma|2023|||
|||||31.5.23|31,5.22|
|||||f|f|
|Support costs||||||
|Other||||||
|Insurance<br>Light and heat<br>Telephone<br>Sundries<br>Rent and rates<br>Travelling<br>Printing and stationery<br>Maintenance,<br>equipment||hire an d rental||864<br>5,552<br>28,631<br>13,103<br>50,954<br>9,416<br>(25)<br>6,830|5,849<br>44,671<br>12,033<br>47,221<br>7,619<br>6,616<br>5,711|
|||||115,325|129,720|
|Governance<br>costs<br>Auditors'<br>remuneration<br>Auditors'<br>remuneration||for non audit work||4,400<br>3,600|4,000<br>2,000|
|||||8,000|6,000|
|Total resources|expended|||1,239,467|1,239,790|
|Net income||||43,254|64,583|