2022-08-31-accounts - Chelmsford Cultural Development Trust

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Trustees’ annual report (including Directors’ report) for the period

From: 01/9/21 To: 31/8/22

Charity name: Chelmsford Cultural Development Trust

Charity registration number: 1180431

Company number: 10894512

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	*The Charitable Company has been established for* *the public benefit for the advancement of arts and* *culture in Chelmsford*
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	The Company was established as a Charity on 24/10/18. During this year the Executive Director commenced a sabbatical and an interim consultant Executive Director was engaged. In addition to fund raising activities the key focus has been initiating development of the Cultural Strategy.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All trustees / directors completed induction training on the Charity Governance Code and the Public Benefit Requirement. The company’s memorandum and articles were amended by special resolution on 5/10/18 to reflect the refined public benefit purpose.

Achievements and performance

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 Charity was provided with grant totalling £67,500 via Chelmsford City Council and has been working closely with the Council to ensure the purpose, priorities and focus align with their expectations. The Executive Director (ED) role was performed by two individuals over the course of this year and in addition to initiating a strong partnership approach to the developing Cultural Strategy they were successful in securing a £30,000 grant from Royal Opera House Bridge for activity to be delivered by Chelmsford City Council.

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity has ended the financial year with funds totalling £75,653. Grant and donor funding of £97,500 was received during the year. Gross expenditure of £42,595 was incurred.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity has established a minimum reserves requirement of £2,100 to allow for provision of loss against future funding streams.
Amount of reserves held	Para 1.22	At the 2021/22 year end Reserves stand at £75,653.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. They have taken account of the current economic conditions and concluded that although increasing inflation is currently impacting costs of supplies the charity’s fundraising ability is encouraging and there are limited on-going commitments.

Structure, governance and management

Description of charity’s trusts:		Chelmsford Cultural Development Trust
Type of governing document: for example,trust deed, memorandum and articles of association etc	Para 1.25	Memorandum and Articles of Association – incorporated 1/8/17.
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	A Charitable Company Limited by Guarantee Members of the company have provided a guarantee capped at £1 each.
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	The charity may appoint directors, the minimum number of directors is three and the maximum nine, however the Board may determine a higher number. Chelmsford City Council is entitled to nominate one individual to the Board as a Local Authority Nominee and decide their period of appointment.

Reference and administrative details

Charity name Chelmsford Cultural Development Trust Other name the charity uses Culture Chelmsford Registered charity number 1180431 Charity’s principal address Civic Centre, Duke Street, Chelmsford Essex CM1 1JE

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Rear Admiral Roy Alexander George Clare CBE DL	Chair
Benjamin Geoffrey Backhouse
Nicola Jane Freshwater
Julia Anne Frascona	Local Authority Nominee		Chelmsford City Council
Ian Flint
Claire Morpeth Gevaux		To 12thJuly 2022
Stephanie Mitchener	Treasurer
Sarah Margaret Shaw MBE		To 12thJuly 2022
Catherine Lee		To 12thJuly 2022
Sarah Barfoot		From 13thJuly 2022
Ajay Kumar Pabial		From 13thJuly 2022
Caroline Porter		From 13thJuly 2022

– Corporate trustees names of the directors at the date the report was approved Director name None

There are no trustees holding title to property belonging to the charity. There are no Funds held as custodian trustees on behalf of others.

Additional information (optional)

Name of Executive Director employed (optional information)

Rebecca Hughes

Other optional information

Elliot Boakes provides company secretarial services, invoicing for services provided. Roy Clare resigned as Chair and a Trustee on 3[rd] October 2022, Mark Walmsley was appointed as a Trustee and new Chair on 3[rd] October 2022 and is signing this declaration.

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Stephanie Mitchener Full name(s) Mark Walmsley Position Chair Treasurer

Date 23rd May 2023

Charity Name: Chelmsford Cultural Development Trust	Charity Name: Chelmsford Cultural Development Trust	CharityNo	1180431	1180431
		CompanyNo	10894512
Annual accounts for the period
Period start date	01/09/2021	To	Period end date	31/08/2022

Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prior year funds
		£	£	£	£	£
Income(Note 3)		F01	F02	F03	F04	F05
Income and endowments from:
Donations and legacies	S01	-	97,500	-	97,500	38,495
Charitable activities	S02	-	-	-	-	-
Other trading activities	S03	-	-	-	-	-
Investments	S04	-	-	-	-	-
Separate material item of income	S05	-	-	-	-	4,738
Other	S06	-	-	-	-	-
*Total*	S07	-	97,500	-	97,500	43,233
Expenditure(Notes 6)
Expenditure on:
Raising funds	S08	-	15,682	-	15,682	12,267
Charitable activities	S09	-	26,913	-	26,913	15,267
Separate material expense item	S10
Other	S11	-	-	-	-	15,477
*Total*	S12	-	42,595	-	42,595	43,011

Net income/(expenditure) before tax for the reporting period	S13	-	54,905	-	54,905	222
Taxpayable	S14	-	-	-	-	-
Net income/(expenditure) after tax before investmentgains/(losses)	S15	-	54,905	-	54,905	222
Net gains/(losses) on investments	S16	-	-	-	-	-
Net income/(expenditure)	S17	-	54,905	-	54,905	222
Extraordinary items	S18	-	-	-	-
Transfers between funds	S19	-	-	-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s ow n use	S20	-	-	-	-	-
Other gains/(losses)	S21	-	-	-	-	-
*Net movement in funds*	S22	-	54,905	-	54,905	222

*Reconciliation of* *funds:*
Total funds brought forw ard	S23	10,518	10,230	-	20,748	20,526
*Total funds carried forward*	S24	10,518	65,135	-	75,653	20,748

	Charity Name: Chelmsford Cultural Development Trust	Charity Name: Chelmsford Cultural Development Trust	Charity Name: Chelmsford Cultural Development Trust	CharityNo	1180431
				Company No	10894512
Section B Balance sheet
	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total this year	Total last year
		£	£	£	£	£
Fixed assets		F01	F02	F03	F04	F05
Intangible assets(Note 15)	B01	-	-	-	-	-
Tangible assets(Note 14)	B02	-	-	-	-	216
Heritage assets(Note 16)	B03	-	-	-	-	-
Investments(Note 17)	B04	-	-	-	-	-
*Total fixed assets*	B05	-	-	-	-	216
Current assets
Stocks(Note 18)	B06	-	-	-	-	-
Debtors(Note 19)	B07	-	-	-	-	-
Investments(Note 17.4)	B08	-	-	-	-	-
Cash at bank and in hand(Note 24)	B09	10,518	70,031	-	80,549	23,133
*Total current assets*	B10	10,518	70,031	-	80,549	23,133

Creditors: amounts falling due within oneyear(Note 20)	B11	-	4,896	-	4,896	2,601

*Net current assets/(liabilities)*	B12	10,518	65,135	-	75,653	20,532

*Total assets less current liabilities*	B13	10,518	65,135	-	75,653	20,748

Creditors: amounts falling due after oneyear(Note 20)	B14	-	-	-	-	-
Provisions for liabilities	B15	-	-	-	-	-

*Total net assets or liabilities*	B16	10,518	65,135	-	75,653	20,748
Funds of the Charity
Endowment funds(Note 27)	B17	-			- 65,135 10,518 -	-
Restricted income funds (Note 27)	B18		65,135			10,230
Unrestricted funds	B19	10,518		-		10,518
Revaluation reserve	B20
Fair value reserve	B21
*Total funds*	B22	10,518	65,135	-	75,653	20,748


*The company was entitled to exemption from audit under s477 of the Companies Act 2006* *small companies.*						*relating to*

~~*The members have not required the company to obtain an audit in accordance with section 476 of the~~ Companies Act 2006.*

*The directors acknowledge their responsibilities for complying with the requirements of the* *Companies Act with respect to accounting records and the preparation of accounts.*

*These accounts have been prepared in accordance with the provisions applicable to small companies* *subject to the small companies regime and in accordance with FRS102 SORP.*

Signed by one or two trustees/directors on behalf of all the trustees/directors			Name			Date of approval dd/mm/yyyy
			Mark Walmsley			23/05/2023
			Ben Backhouse			23/05/2023

Signature of director authenticating accounts being sent to Companies House			Signature			Date dd/mm/yyyy
						23/05/2023
			Stephanie Mitchener

Section C Notes to the accounts


Note 1Basis ofpreparation

*This section should be completed by all charities*.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s)to these accounts.
The accounts have beenprepared in accordance with:
• and with*	✓	the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*	✓	the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*				✓
* -Tick as appropriate
1.2 Going concern
*If there are material uncertainties related to events or conditions that cast significant doubt on the* *charity's ability to continue as a going concern, please provide the following details or state "Not* *applicable", if appropriate:*
The guidance on the implications of Covid-19 suggests that charities should take the opportunity to explain any financial uncertainties regarding the charity’s financial sustainability and consideration of going concern and the steps being taken to address these uncertainties.
An explanation as to those factors that support the conclusion that the charity is a going concern;			The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the change in accounting policy;*
*(ii) the reasons why applying the new accounting* *policy provides more reliable and more relevant* *information; and*
*(iii) the amount of the adjustment for each line* *affected in the current period, each prior period* *presented and the aggregate amount of the* *adjustment relating to periods before those* *presented, 3.44 FRS102 SORP.*

1.4 Changes to accounting estimates
No changes to accountingestimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of any changes;*
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*
*(iii) where practicable, the effect of the change in one* *or more future periods.*

1.5 Materialprioryear e		rrors
No materialprioryearerro		r have been identified in the reporting period(3.47 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the prior period error;*
*(ii) for each prior period presented in the accounts,* *the amount of the correction for each account line* *item affected; and*
*(iii) the amount of the correction at the beginning of* *the earliest prior period presented in the accounts.*

1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the change in accounting policy;*
*(ii) the reasons why applying the new accounting* *policy provides more reliable and more relevant* *information; and*
*(iii) the amount of the adjustment for each line* *affected in the current period, each prior period* *presented and the aggregate amount of the* *adjustment relating to periods before those* *presented, 3.44 FRS102 SORP.*

1.4 Changes to accounting estimates
No changes to accountingestimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of any changes;*
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*
*(iii) where practicable, the effect of the change in one* *or more future periods.*

1.5 Materialprioryear e		rrors
No materialprioryearerro		r have been identified in the reporting period(3.47 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the prior period error;*
*(ii) for each prior period presented in the accounts,* *the amount of the correction for each account line* *item affected; and*
*(iii) the amount of the correction at the beginning of* *the earliest prior period presented in the accounts.*

Section C Notes to the accounts (cont)


Note 2 Accounting policies
*This standard list of accounting policies has been applied by the charity except for those deleted. Where a* *different or additional policy has been adopted then this is detailed in the box below.*
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
Please provide a description of the nature of each change in accounting policy

*Reconciliation of funds per previous GAAP to funds determined under FRS 102*
	Start of period	End of period
	£	£
Fund balances as previously stated
*Adjustments:*




Fund balance as restated

*Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS* *102*
		End of
		£
Net income/(expenditure) as previously stated
*Adjustments:*




Previous period net income/(expenditure) as restated


Note 2 Accounting policies
*This standard list of accounting policies has been applied by the charity except for those deleted. Where a* *different or additional policy has been adopted then this is detailed in the box below.*
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
Please provide a description of the nature of each change in accounting policy

*Reconciliation of funds per previous GAAP to funds determined under FRS 102*
	Start of period	End of period
	£	£
Fund balances as previously stated
*Adjustments:*




Fund balance as restated

*Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS* *102*
		End of
		£
Net income/(expenditure) as previously stated
*Adjustments:*




Previous period net income/(expenditure) as restated

Section C Notes to the accounts (cont)


Note 2 Accounting policies
2.2 INCOME
Recognition of income	These areincludedinthe Statement of Financial Activities (SoFA)when:
	• the charity becomes entitled to theresources;
	• itismorelikely than not that the trusteeswill receive theresources;	Yes*	No*	N/a*
	• themonetaryvalue canbemeasuredwithsufficientreliability.	✓

Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.	Yes*	No*	N/a*
		✓

Grants and donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).	Yes*	No*	N/a*
		✓

	In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).	Yes*	No*	N/a*
				✓

Legacies	Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.	Yes*	No*	N/a*
				✓

Government grants	The charity has received government grants in the reporting period	Yes*	No*	N/a*
		✓

Tax reclaims on donations and gifts	Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.	Yes*	No*	N/a*
		✓

Contractual income and performance related grants	This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.	Yes*	No*	N/a*
				✓

Donated goods	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.	Yes*	No*	N/a*
				✓

	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carryingamount of the stocks at distribution.	Yes*	No*	N/a*
				✓

	Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other tradingactivities'.	Yes*	No*	N/a*
				✓
	Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.	Yes*	No*	N/a*
				✓
	Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.	Yes*	No*	N/a*
				✓

Donated services and facilities	Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.	Yes*	No*	N/a*
				✓
	Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate headingin the SOFA.	Yes*	No*	N/a*
				✓
Support costs	The charity has incurred expenditure on support costs.	Yes*	No*	N/a*
		✓
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.	Yes*	No*	N/a*
				✓
Income from interest, royalties and dividends	This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.	Yes*	No*	N/a*
				✓
Income from membership subscriptions	Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.	Yes*	No*	N/a*
				✓
	Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.	Yes*	No*	N/a*
				✓
Settlement of insurance claims	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.	Yes*	No*	N/a*
				✓
Investment gains and losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.	Yes*	No*	N/a*
				✓
2.3 EXPENDITURE AND LIABILITIES
Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.	Yes*	No*	N/a*
		✓
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.	Yes*	No*	N/a*
		✓
	Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.	Yes*	No*	N/a*
		✓
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.	Yes*	No*	N/a*
				✓
Grants payable without performance conditions	Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.	Yes*	No*	N/a*
				✓
Redundancy cost	The charity made no redundancy payments during the reporting period.	Yes*	No*	N/a*
		✓
Deferred income	No material item of deferred income has been included in the accounts.	Yes*	No*	N/a*
		✓
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts	Yes*	No*	N/a*
			✓
Provisions for liabilities	A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date	Yes*	No*	N/a*
				✓
Basic financial instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17to11.19,FRS102SORP.	Yes*	No*	N/a*
		✓

2.4 ASSETS
Tangible fixed assets for use by charity	These are capitalised if they can be used for more than one year, and cost at least	£500
	They are valued at cost.	Yes*	No*	N/a*
		✓
	The depreciation rates and methods used are disclosed in note 14.
Intangible fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15.	Yes*	No*	N/a*
			✓

	They are valued at cost.	Yes*	No*	N/a*
				✓

Heritage assets	The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.	Yes*	No*	N/a*
			✓

		Yes*	No*	N/a*
	They are valued at cost.			✓

Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.	Yes*	No*	N/a*
				✓

	Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments	Yes*	No*	N/a*
				✓
Stocks and work in progress	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.	Yes*	No*	N/a*
				✓
	Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.	Yes*	No*	N/a*
				✓
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.	Yes*	No*	N/a*
				✓
Debtors	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.	Yes*	No*	N/a*
		✓
Current asset investments	The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposesratherthantomeet short-termcashcommitments as theyfalldue.	Yes*	No*	N/a*
			✓
		Yes*	No*	N/a*
	They are valued at fair value except where they qualify as basic financial instruments.			✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)


Note 3	Income
	Analysis of income	Unrestricte d funds	Restricted income funds	Endowmen t funds	Total funds	Prioryear
					£	£
Donations and legacies:	Donations and gifts			-	-	-
	Gift Aid	-	-	-	-	18
	Legacies	-	-	-	-	-
	General grants provided by government/other charities		97,500	-	97,500	38,477
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	-	97,500	-	97,500	38,495

Charitable activities:		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

Other trading activities:		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

Income from investments:	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

Separate material item of income	HMRC Coronavirus Job Retention Scheme	-	-	-	-	4,738
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	4,738

Other:	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual property rights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

TOTAL INCOME		-	97,500	-	97,500	43,233

Other information:

All income in the prior year was unrestricted except for: (please provide description and amounts)		£25,000 grant awarded by Chelmsford City Council and £13,477 by Arts Council England

Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.		N/A

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		£67,500 grant funding from Chelmsford City Council (prior year £25,000) and £30,000 from Royal Opera House Bridge (prior year nil)

Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).		N/A

~~12~~

Section C Notes to the accounts (cont)


Note 4 Analysis of receipts ofgovernmentgrants

	Description	Thisyear	Lastyear
		£	£
Government grant 1	Chelmsford City Council-core grant	42,500	25,000
Government grant 2	Chelmsford City Council-EU Welcome back	25,000	-
Government grant 3	Arts Council England	-	13,477
Government grant 4	Royal Opera House Bridge	30,000	-
	Total	97,500	38,477


*Please provide details of any* *unfulfilled conditions and other* *contingencies attaching to grants* *that have been recognised in* *income.*	N/A


*Please give details of other forms* *of government assistance from* *which the charity has directly* *benefited.*	N/A

Section C Notes to the accounts (cont)



Note 5 Donatedgoods, facilities and services
		Thisyear	Lastyear
		£	£
Seconded staff		-	-
Use ofproperty		-	-
Other		-	-
		-	-

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.	N/A

Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income.	N/A

Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.	N/A

Section C Notes to the accounts (cont)


Note 6	Expenditure
	Analysis of expenditure		Unrestricted funds	Restricted income funds	Endowmen t funds	Total funds	Prioryear
						£	£
Expenditure on raising funds:	Incurred seekingdonations		-	3,136	-	3,136	2,453
	Incurred seeking legacies		-	-	-	-	-
	Incurred seeking grants			12,546		12,546	9,814
	Operating membership schemes and social lotteries
	Stagingfundraisingevents
	Fundraising agents
	Operating charity shops
	Operating a trading company undertaking non-charitable tradingactivity
	Advertising, marketing, direct mail and publicity		-	-	-	-	-
	Start up costs incurred in generating new source of future income		-	-	-	-	-
	Database development costs		-	-	-	-	-
	Other trading activities
	Investment management costs:		-	-	-	-
	Portfolio management costs		-	-	-	-	-
	Cost of obtaining investment advice		-	-	-	-	-
	Investment administration costs		-	-	-	-	-
	Intellectual property licencing costs		-	-	-	-	-
	Rent collection, property repairs and maintenance charges		-	-	-	-	-
			~~-~~	~~-~~	~~-~~	~~-~~	~~-~~
	Total expenditure on raising funds		-	15,682	-	15,682	12,267

Expenditure on charitable activities	See Note 9			18,682	-	18,682	15,267
	Cultural Strategy Activity		-	8,231	-	8,231	-
			-	-	-	-	-
			-	-	-	-	-
	Total expenditure on charitable activities		-	26,913	-	26,913	15,267

Separate material item of expense			-	-	-	-	-
			-	-	-	-	-
			-	-	-	-	-
			-	-	-	-	-
	Total		-	-	-	-	-

Other	Emerge grant funding payment to Chelmsford City Council Theatres				-	-	15,478
			-	-	-	-	-
			-	-	-	-	-
	Total other expenditure		-	-	-	-	15,478

TOTAL EXPENDITURE			-	42,595	-	42,595	43,012

Other information:

Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly			Grant funding of activities	Support Costs	Total this year	*Total* *prior year*
	£			£	£	£	£
Activity1	Delivering grantfundingrequirements				18,682	18,682	15,267
Activity2	CulturalStrategy development				8,231	8,231
Other
Total					26,913	26,913	15,267

Prior year expenditure on charitable activities can be analysed as follows:		Continuing to set up	and establishcharity,including governance

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Executive Director employee and consultancy costs £28,714 (Prior year £20,423)

Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).		N/A

~~14~~

Section C Notes to the accounts (cont)

----- Start of picture text -----
Note 7 Extraordinary items - there are none
Please explain the nature of each extraordinary item occurring in the period.
This year Last year
Description £ £
Extraordinary item 1
N/A
- -
Extraordinary item 2
- -
- -
Extraordinary item 3
- -
Extraordinary item 4
- -
Total extraordinary items - -
Section C Notes to the accounts
Note 8 Funds received as agent - there are none
8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a
charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance
Sheet.
Balance held at period
Amount received Amount paid out end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
N/A
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in
the purchase of goods or services, please disclose details of any balances outstanding between any participating
members.
Balance held at period
Description/name of party
end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
----- End of picture text -----

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 8 Funds received as agent - there are none

*8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a* *charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance* *Sheet.*

			Amount received		Amountpaid out		Balance held at period end
Description/name of party		Related party (Yes or No)	Thisyear	Lastyear	Thisyear	Lastyear	Thisyear	Lastyear
			£	£	£	£	£	£
N/A			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
	Total		-	-	-	-	-	-

*8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in* *the purchase of goods or services, please disclose details of any balances outstanding between any participating* *members.*

Description/name of party							Balance held at period end
							Thisyear	Lastyear
							£	£
							-	-
							-	-
							-	-
							-	-
							-	-
					Total		-	-

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 9 Support Costs
*Please complete this note if the charity has analysed its expenses using* *activity categories and has support costs.*
Support cost (examples)	Raising funds	Charitable Activities	Cultural Strategy	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance (Company secretary)		3,000		-	3,000	100% Charitable activity
Executive Director	14,357	14,357		-	28,714	Split 50:50
Payroll Services	237	237		-	474	Split 50:50
Insurance	124	124		-	248	Split 50:50
Other - expenses	964	964	8,231	-	10,159	Split 50:50
Total	15,682	18,682	8,231	-	42,595

*Please provide details of the accounting policy* *adopted for the apportionment of costs between* *activities and any estimation techniques used to* *calculate their apportionment.*			This assumes all activities of the Trust, other than Governance and Cultural Strategy activities, are split equally between Raising Funds & Charitable Activities. Governance is deemed 100% Charitable Activity and there are a mix of costs attributed to the Cultural Strategy activity.

Section C Notes to the accounts

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts
*Please provide details of the amount paid for any statutory external scrutiny of* *accounts and other services provided by your independent examiner. If* *nothing was paid please enter '0' in the appropriate box(es).*
	Thisyear	Lastyear
	£	£
Independent examiner’s fees	650	624
Assurance services other than independent examination	0	0
Tax advisory fees	0	0
Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner	0	0

Section C Notes to the accounts (cont)


Note 11 Paid employees
*Please complete this note if the charity has any employees (transactions with Trustees dealt with in* *Note 28)*

11.1 Staff Costs
		Thisyear	Lastyear
		£	£
Salaries and wages		11,072	19,460
Social security costs		-	-
Pension costs(defined contributionpensionplan)		542	963
Other employee benefits		-	-
Total staff costs		11,614	20,423

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party		N/A

*Please give details of the number of employees whose total employee benefits (excluding employer* *pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such* *transactions, please enter 'true' in the box provided.*
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000		TRUE

Band	Number of employees
£60,000 to £69,999		0
£70,000 to £79,999		0
£80,000 to £89,999		0
£90,000 to £99,999		0
£100,000 to £109,999		0




Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.		£11,072


11.2 Average head count in the year		Thisyear	Lastyear
		Number	Number
The parts of the charity in which the employees work	Fundraising	0.40	0.20
	Charitable Activities	0.60	0.80
	Governance	-	-
	Other	-	-
	Total	1.00	1.00

11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)
*Please complete if an ex-gratia payment is made.*

Please explain the nature of the payment		company secretarialservices
Please state the legal authority or reason for making the payment		To covercompany secretarialduties as agreed by theTrustBoard
Please state the amount of the payment (or value of any waiver of a right to an asset)		£3,000

11.4 Redundancy payments
*Please complete if any redundancy or*		*termination payment is made in the period.*

Total amount ofpayment		0

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

Section C Notes to the accounts (cont)


Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

*12.1 Please complete this note if a defined contribution pension scheme is operated.*

Amount of contributions recognised in the SOFA as an expense		£542
Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.		Employee costs have been allocated 40:60 between activities, all applied to restricted funds as either forms part of running the Trust / seeking new funding.

*12.2 Please complete this section where the charity participates in a defined benefit pension plan but* *is unable to ascertain its share of the underlying assets and liabilities.*
Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.		NEST is a defined contribution occupational pension scheme backed by the government, it is not a defined benefit pension plan.
Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity		N/A

*12.3 Please complete this section where the charity participates in a multi-employer defined benefit* *pension plan that is accounted for as a defined contribution plan.*
Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi- employer plan		N/A
Explain how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined.		N/A

Section C Notes to the accounts (cont)


Note 13 Grantmaking
*Please complete this note if the charity made any grants or donations which in aggregate form a material* *part of the charitable activities undertaken.*

13.1 Analysis of grants paid (included in cost of charitable activities)
Analysis	Grants to institutions	Grants to individuals	Support costs	Total
Activityorproject 1	-			-
Activity orproject2			-	-
Activity orproject 3			-	-
Activity orproject4			-	-
*Total*	-	-	-	-

*Please enter “Nil” if the charity does not identify and/or allocate support costs.*

13.2 Grants made to institutions
*My charity has made grants to particular institutions that are material* *in the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on* *the charity's web site.*				*Please provide* *details of* *charity's URL.*
				*Provide details* *below*

Names of institution		Purpose		Total amount of grantspaid £
				-
				-
				-
				-
				-
				-
				-
				-
				-
				-
*Total grants to institutions in reporting period*				-
*Other unanalysed grants*				-
*TOTAL GRANTS PAID*				-

Section C Notes to the accounts (cont)


Note 14 Tangible fixed assets
*Please complete this note if the charity has any tangible fixed assets*
14.1 Cost or valuation
	Freehold land & buildings	Other land & buildings	Plant, machinery and motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
At the beginning of the year	-	-	-	779	779
Additions	-	-	-	-	-
Revaluations	-	-	-	-	-
Disposals	-	-	-	-	-
Transfers *	-	-	-	-	-
At end of the year	-	-	-	779	779
14.2 Depreciation and impairments
**Basis	SL or RB	SL or RB	SL or RB	Straight Line	SL or RB	Straight Line ("SL") or Reducing Balance
** Rate				3 Years

At beginning of the year	-	-	-	563	563
Disposals	-	-	-	-	-
Depreciation	-	-	-	216	216
Impairment	-	-	-	-	-
Transfers*	-	-	-	-	-
At end of the year	-	-	-	779	779

14.3 Net book value
Net book value at the beginning of the year	-	-	-	216	216
Net book value at the end of the year	-	-	-	-	-

14.4 Impairment
*Please provide a description of the events and* *circumstances that led to the recognition or* *reversal of an impairment loss.*			N/A


14.5 Revaluation
*If an accounting policy of revaluation is adopted, please provide:*
*the effective date of the revaluation*			N/A
*the name of independent valuer, if applicable*
*the methods applied and significant* *assumptions*
*the carrying amount that would have been* *recognised had the assets been carried under* *the cost model.*

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of N/A tangible fixed assets and the capitalisation (ii) Please provide the amount of contractual commitments for the acquisition of tangible N/A fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to N/A which the charity has restricted title or that are pledged as security for liabilities. * The "transfers" row is for movements between fixed asset categories. ** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction. Section C Notes to the accounts Note 15 Intangible assets - there are none Please complete this note if the charity has any intangible assets Section C Notes to the accounts (cont) Note 16 Heritage assets - there are none Section C Notes to the accounts (cont) Note 17 Investment assets - there are none Please complete this note if the charity has any investment assets. Section C Notes to the accounts Note 18 Stocks - there are none Please complete this note if the charity holds any stock items

Section C Notes to the accounts (cont)


Note 19 Debtors and prepayments
*Please complete this note if the charity has any debtors or prepayments.*
19.1 Analysis of debtors
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors	-	-
Total	-	-

*Complete 19.2 where a material debtor is recoverable more than a year after the reporting* *date.*
19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors		-
Total	-	-


Note 19 Debtors and prepayments
*Please complete this note if the charity has any debtors or prepayments.*
19.1 Analysis of debtors
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors	-	-
Total	-	-

*Complete 19.2 where a material debtor is recoverable more than a year after the reporting* *date.*
19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors		-
Total	-	-

Section C Notes to the accounts (cont)


Note 20 Creditors and accruals
*Please complete this note if the charity has any creditors or accruals.*

20.1 Analysis of creditors
	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	Thisyear	Lastyear	Thisyear	Lastyear
	£	£	£	£
Accruals forgrantspayable	-	-	-	-
Bank loans and overdrafts	-	-	-	-
Trade creditors	-	-	-	-
Payments received on account for contracts orperformance-relatedgrants	-	-	-	-
Accruals and deferred income	-	-	-	-
Taxation and social security	-	462	-	-
Other creditors	4,896	2,139	-	-
Total	4,896	2,601	-	-


20.2 Deferred income
*Please complete this note if the charity has deferred income.*

*Please explain the reasons why income is deferred.*


*Movement in deferred income account*			Thisyear	Lastyear
			£	£
Balance at the start of the reporting period			-	-
Amounts added in currentperiod			-	-
Amounts released to income frompreviousperiods			-	-
Balance at the end of the reporting period			-	-

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges - there are none

You should complete this note if you have included in the charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

Section C Notes to the accounts (cont)


Note 22 Other disclosures for debtors, creditors and other basic financial instruments
22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.	*N/A*
22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here.	*N/A*

Section C Notes to the accounts	Section C Notes to the accounts	(cont) one	(cont) one


Note 23 Contingent liabilities and contingent assets -there are n

Section C Notes to the accounts		(cont)

Note 24 Cash at bank and in hand
		Thisyear	Lastyear
		£	£
Short term cash investments(less than 3 months maturity date)		-	-
Short term deposits		-	-
Cash at bank and on hand		80,549	23,133
Other		-	-
Total		80,549	23,133

Section C Notes to the accounts		(cont)


Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.	The trustees do not deem the charity to be exposed to these risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.	N/A

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event N/A Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made N/A

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds


Note 27 Charity funds
27.1 Details of material funds held and movements during the CURRENT reporting period
*Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should* *include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.*
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - *unrestricted funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward	Income	Expenditure	Transfers	Gains and losses	Fund balances carried forward
			£	£	£	£	£	£
Donations including Gift aid	UR	To support the purposes of the charity	10,518	-		-	-	10,518
Chelmsford City Council Set up & staffing support Grant	R	Can be applied to staffing costs, including but not limited to, solicitor and other professional fees, equipment, registration and other administrative costs	10,230	42,500		-	-	52,730
Chelmsford City Council EU Welcome Back grant	R		-	25,000	-12,595	-	-	12,405
Royal Opera House Bridge	R		-	30,000	-30,000	-	-	-
*Other funds (balancing* *figure)*			-			-	-	-
Total Funds asper balance sheet			20,748	97,500	- 42,595	-	-	75,653

				Yes*	No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency					✓

*If yes, please state the basis on which the assets and/or liabilities have been translated into* *sterling (or the currency in which the accounts are drawn up).*			N/A

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds


Note 27 Charity funds
27.2 Details of material funds held and movements during the PREVIOUS reporting period
*Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should* *include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.*
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - *unrestricted funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward	Income	Expenditure	Transfers	Gains and losses	Fund balances carried forward
			£	£	£	£	£	£
Donations including Gift aid	UR	To support the purposes of the charity	12,500	18-	2,000	-	-	10,518
Chelmsford City Council Set up & staffing support Grant	R	Can be applied to staffing costs, including but not limited to, solicitor and other professional fees, equipment, registration and other administrative costs	8,026	25,000-	22,796	-	-	10,230
Arts Council England Emerge Grant	R	To deliver the Emerge arts commission		13,477-	13,477			-


*Other funds (balancing* *figure)*	R	HMRC Coronavirus Job Retention Scheme funding contribution to Executive Directorpay	-	4,738 -	4,738	-	-	-
Total Funds asper balance sheet			20,526	43,233 -	43,011	-	-	20,748

				Yes*	No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency					✓

Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none
Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties
*If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of* *such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or* *"False" if there are transactions to report.*
28.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)							TRUE

Section C Notes to the accounts							(cont)

Note 29 Additional Disclosures - there are none

Trustees’ annual report (including Directors’ report) for the period

From: 01/9/21 To: 31/8/22

Charity name: Chelmsford Cultural Development Trust

Charity registration number: 1180431

Company number: 10894512

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	*The Charitable Company has been established for* *the public benefit for the advancement of arts and* *culture in Chelmsford*
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	The Company was established as a Charity on 24/10/18. During this year the Executive Director commenced a sabbatical and an interim consultant Executive Director was engaged. In addition to fund raising activities the key focus has been initiating development of the Cultural Strategy.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All trustees / directors completed induction training on the Charity Governance Code and the Public Benefit Requirement. The company’s memorandum and articles were amended by special resolution on 5/10/18 to reflect the refined public benefit purpose.

Achievements and performance

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 Charity was provided with grant totalling £67,500 via Chelmsford City Council and has been working closely with the Council to ensure the purpose, priorities and focus align with their expectations. The Executive Director (ED) role was performed by two individuals over the course of this year and in addition to initiating a strong partnership approach to the developing Cultural Strategy they were successful in securing a £30,000 grant from Royal Opera House Bridge for activity to be delivered by Chelmsford City Council.

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity has ended the financial year with funds totalling £75,653. Grant and donor funding of £97,500 was received during the year. Gross expenditure of £42,595 was incurred.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity has established a minimum reserves requirement of £2,100 to allow for provision of loss against future funding streams.
Amount of reserves held	Para 1.22	At the 2021/22 year end Reserves stand at £75,653.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. They have taken account of the current economic conditions and concluded that although increasing inflation is currently impacting costs of supplies the charity’s fundraising ability is encouraging and there are limited on-going commitments.

Structure, governance and management

Description of charity’s trusts:		Chelmsford Cultural Development Trust
Type of governing document: for example,trust deed, memorandum and articles of association etc	Para 1.25	Memorandum and Articles of Association – incorporated 1/8/17.
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	A Charitable Company Limited by Guarantee Members of the company have provided a guarantee capped at £1 each.
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	The charity may appoint directors, the minimum number of directors is three and the maximum nine, however the Board may determine a higher number. Chelmsford City Council is entitled to nominate one individual to the Board as a Local Authority Nominee and decide their period of appointment.

Reference and administrative details

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Rear Admiral Roy Alexander George Clare CBE DL	Chair
Benjamin Geoffrey Backhouse
Nicola Jane Freshwater
Julia Anne Frascona	Local Authority Nominee		Chelmsford City Council
Ian Flint
Claire Morpeth Gevaux		To 12thJuly 2022
Stephanie Mitchener	Treasurer
Sarah Margaret Shaw MBE		To 12thJuly 2022
Catherine Lee		To 12thJuly 2022
Sarah Barfoot		From 13thJuly 2022
Ajay Kumar Pabial		From 13thJuly 2022
Caroline Porter		From 13thJuly 2022

– Corporate trustees names of the directors at the date the report was approved Director name None

There are no trustees holding title to property belonging to the charity. There are no Funds held as custodian trustees on behalf of others.

Additional information (optional)

Name of Executive Director employed (optional information)

Rebecca Hughes

Other optional information

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Stephanie Mitchener Full name(s) Mark Walmsley Position Chair Treasurer

Date 23rd May 2023

Charity Name: Chelmsford Cultural Development Trust	Charity Name: Chelmsford Cultural Development Trust	CharityNo	1180431	1180431
		CompanyNo	10894512
Annual accounts for the period
Period start date	01/09/2021	To	Period end date	31/08/2022

Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prior year funds
		£	£	£	£	£
Income(Note 3)		F01	F02	F03	F04	F05
Income and endowments from:
Donations and legacies	S01	-	97,500	-	97,500	38,495
Charitable activities	S02	-	-	-	-	-
Other trading activities	S03	-	-	-	-	-
Investments	S04	-	-	-	-	-
Separate material item of income	S05	-	-	-	-	4,738
Other	S06	-	-	-	-	-
*Total*	S07	-	97,500	-	97,500	43,233
Expenditure(Notes 6)
Expenditure on:
Raising funds	S08	-	15,682	-	15,682	12,267
Charitable activities	S09	-	26,913	-	26,913	15,267
Separate material expense item	S10
Other	S11	-	-	-	-	15,477
*Total*	S12	-	42,595	-	42,595	43,011

Net income/(expenditure) before tax for the reporting period	S13	-	54,905	-	54,905	222
Taxpayable	S14	-	-	-	-	-
Net income/(expenditure) after tax before investmentgains/(losses)	S15	-	54,905	-	54,905	222
Net gains/(losses) on investments	S16	-	-	-	-	-
Net income/(expenditure)	S17	-	54,905	-	54,905	222
Extraordinary items	S18	-	-	-	-
Transfers between funds	S19	-	-	-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s ow n use	S20	-	-	-	-	-
Other gains/(losses)	S21	-	-	-	-	-
*Net movement in funds*	S22	-	54,905	-	54,905	222

*Reconciliation of* *funds:*
Total funds brought forw ard	S23	10,518	10,230	-	20,748	20,526
*Total funds carried forward*	S24	10,518	65,135	-	75,653	20,748

	Charity Name: Chelmsford Cultural Development Trust	Charity Name: Chelmsford Cultural Development Trust	Charity Name: Chelmsford Cultural Development Trust	CharityNo	1180431
				Company No	10894512
Section B Balance sheet
	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total this year	Total last year
		£	£	£	£	£
Fixed assets		F01	F02	F03	F04	F05
Intangible assets(Note 15)	B01	-	-	-	-	-
Tangible assets(Note 14)	B02	-	-	-	-	216
Heritage assets(Note 16)	B03	-	-	-	-	-
Investments(Note 17)	B04	-	-	-	-	-
*Total fixed assets*	B05	-	-	-	-	216
Current assets
Stocks(Note 18)	B06	-	-	-	-	-
Debtors(Note 19)	B07	-	-	-	-	-
Investments(Note 17.4)	B08	-	-	-	-	-
Cash at bank and in hand(Note 24)	B09	10,518	70,031	-	80,549	23,133
*Total current assets*	B10	10,518	70,031	-	80,549	23,133

Creditors: amounts falling due within oneyear(Note 20)	B11	-	4,896	-	4,896	2,601

*Net current assets/(liabilities)*	B12	10,518	65,135	-	75,653	20,532

*Total assets less current liabilities*	B13	10,518	65,135	-	75,653	20,748

Creditors: amounts falling due after oneyear(Note 20)	B14	-	-	-	-	-
Provisions for liabilities	B15	-	-	-	-	-

*Total net assets or liabilities*	B16	10,518	65,135	-	75,653	20,748
Funds of the Charity
Endowment funds(Note 27)	B17	-			- 65,135 10,518 -	-
Restricted income funds (Note 27)	B18		65,135			10,230
Unrestricted funds	B19	10,518		-		10,518
Revaluation reserve	B20
Fair value reserve	B21
*Total funds*	B22	10,518	65,135	-	75,653	20,748


*The company was entitled to exemption from audit under s477 of the Companies Act 2006* *small companies.*						*relating to*

~~*The members have not required the company to obtain an audit in accordance with section 476 of the~~ Companies Act 2006.*

*The directors acknowledge their responsibilities for complying with the requirements of the* *Companies Act with respect to accounting records and the preparation of accounts.*

*These accounts have been prepared in accordance with the provisions applicable to small companies* *subject to the small companies regime and in accordance with FRS102 SORP.*

Signed by one or two trustees/directors on behalf of all the trustees/directors			Name			Date of approval dd/mm/yyyy
			Mark Walmsley			23/05/2023
			Ben Backhouse			23/05/2023

Signature of director authenticating accounts being sent to Companies House			Signature			Date dd/mm/yyyy
						23/05/2023
			Stephanie Mitchener

Section C Notes to the accounts


Note 1Basis ofpreparation

*This section should be completed by all charities*.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s)to these accounts.
The accounts have beenprepared in accordance with:
• and with*	✓	the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*	✓	the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*				✓
* -Tick as appropriate
1.2 Going concern
*If there are material uncertainties related to events or conditions that cast significant doubt on the* *charity's ability to continue as a going concern, please provide the following details or state "Not* *applicable", if appropriate:*
The guidance on the implications of Covid-19 suggests that charities should take the opportunity to explain any financial uncertainties regarding the charity’s financial sustainability and consideration of going concern and the steps being taken to address these uncertainties.
An explanation as to those factors that support the conclusion that the charity is a going concern;			The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the change in accounting policy;*
*(ii) the reasons why applying the new accounting* *policy provides more reliable and more relevant* *information; and*
*(iii) the amount of the adjustment for each line* *affected in the current period, each prior period* *presented and the aggregate amount of the* *adjustment relating to periods before those* *presented, 3.44 FRS102 SORP.*

1.4 Changes to accounting estimates
No changes to accountingestimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of any changes;*
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*
*(iii) where practicable, the effect of the change in one* *or more future periods.*

1.5 Materialprioryear e		rrors
No materialprioryearerro		r have been identified in the reporting period(3.47 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the prior period error;*
*(ii) for each prior period presented in the accounts,* *the amount of the correction for each account line* *item affected; and*
*(iii) the amount of the correction at the beginning of* *the earliest prior period presented in the accounts.*

1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the change in accounting policy;*
*(ii) the reasons why applying the new accounting* *policy provides more reliable and more relevant* *information; and*
*(iii) the amount of the adjustment for each line* *affected in the current period, each prior period* *presented and the aggregate amount of the* *adjustment relating to periods before those* *presented, 3.44 FRS102 SORP.*

1.4 Changes to accounting estimates
No changes to accountingestimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of any changes;*
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*
*(iii) where practicable, the effect of the change in one* *or more future periods.*

1.5 Materialprioryear e		rrors
No materialprioryearerro		r have been identified in the reporting period(3.47 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*

*Please disclose:*
*(i) the nature of the prior period error;*
*(ii) for each prior period presented in the accounts,* *the amount of the correction for each account line* *item affected; and*
*(iii) the amount of the correction at the beginning of* *the earliest prior period presented in the accounts.*

Section C Notes to the accounts (cont)


Note 2 Accounting policies
*This standard list of accounting policies has been applied by the charity except for those deleted. Where a* *different or additional policy has been adopted then this is detailed in the box below.*
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
Please provide a description of the nature of each change in accounting policy

*Reconciliation of funds per previous GAAP to funds determined under FRS 102*
	Start of period	End of period
	£	£
Fund balances as previously stated
*Adjustments:*




Fund balance as restated

*Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS* *102*
		End of
		£
Net income/(expenditure) as previously stated
*Adjustments:*




Previous period net income/(expenditure) as restated


Note 2 Accounting policies
*This standard list of accounting policies has been applied by the charity except for those deleted. Where a* *different or additional policy has been adopted then this is detailed in the box below.*
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
Please provide a description of the nature of each change in accounting policy

*Reconciliation of funds per previous GAAP to funds determined under FRS 102*
	Start of period	End of period
	£	£
Fund balances as previously stated
*Adjustments:*




Fund balance as restated

*Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS* *102*
		End of
		£
Net income/(expenditure) as previously stated
*Adjustments:*




Previous period net income/(expenditure) as restated

Section C Notes to the accounts (cont)


Note 2 Accounting policies
2.2 INCOME
Recognition of income	These areincludedinthe Statement of Financial Activities (SoFA)when:
	• the charity becomes entitled to theresources;
	• itismorelikely than not that the trusteeswill receive theresources;	Yes*	No*	N/a*
	• themonetaryvalue canbemeasuredwithsufficientreliability.	✓

Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.	Yes*	No*	N/a*
		✓

Grants and donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).	Yes*	No*	N/a*
		✓

	In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).	Yes*	No*	N/a*
				✓

Legacies	Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.	Yes*	No*	N/a*
				✓

Government grants	The charity has received government grants in the reporting period	Yes*	No*	N/a*
		✓

Tax reclaims on donations and gifts	Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.	Yes*	No*	N/a*
		✓

Contractual income and performance related grants	This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.	Yes*	No*	N/a*
				✓

Donated goods	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.	Yes*	No*	N/a*
				✓

	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carryingamount of the stocks at distribution.	Yes*	No*	N/a*
				✓

	Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other tradingactivities'.	Yes*	No*	N/a*
				✓
	Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.	Yes*	No*	N/a*
				✓
	Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.	Yes*	No*	N/a*
				✓

Donated services and facilities	Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.	Yes*	No*	N/a*
				✓
	Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate headingin the SOFA.	Yes*	No*	N/a*
				✓
Support costs	The charity has incurred expenditure on support costs.	Yes*	No*	N/a*
		✓
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.	Yes*	No*	N/a*
				✓
Income from interest, royalties and dividends	This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.	Yes*	No*	N/a*
				✓
Income from membership subscriptions	Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.	Yes*	No*	N/a*
				✓
	Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.	Yes*	No*	N/a*
				✓
Settlement of insurance claims	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.	Yes*	No*	N/a*
				✓
Investment gains and losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.	Yes*	No*	N/a*
				✓
2.3 EXPENDITURE AND LIABILITIES
Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.	Yes*	No*	N/a*
		✓
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.	Yes*	No*	N/a*
		✓
	Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.	Yes*	No*	N/a*
		✓
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.	Yes*	No*	N/a*
				✓
Grants payable without performance conditions	Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.	Yes*	No*	N/a*
				✓
Redundancy cost	The charity made no redundancy payments during the reporting period.	Yes*	No*	N/a*
		✓
Deferred income	No material item of deferred income has been included in the accounts.	Yes*	No*	N/a*
		✓
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts	Yes*	No*	N/a*
			✓
Provisions for liabilities	A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date	Yes*	No*	N/a*
				✓
Basic financial instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17to11.19,FRS102SORP.	Yes*	No*	N/a*
		✓

2.4 ASSETS
Tangible fixed assets for use by charity	These are capitalised if they can be used for more than one year, and cost at least	£500
	They are valued at cost.	Yes*	No*	N/a*
		✓
	The depreciation rates and methods used are disclosed in note 14.
Intangible fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15.	Yes*	No*	N/a*
			✓

	They are valued at cost.	Yes*	No*	N/a*
				✓

Heritage assets	The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.	Yes*	No*	N/a*
			✓

		Yes*	No*	N/a*
	They are valued at cost.			✓

Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.	Yes*	No*	N/a*
				✓

	Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments	Yes*	No*	N/a*
				✓
Stocks and work in progress	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.	Yes*	No*	N/a*
				✓
	Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.	Yes*	No*	N/a*
				✓
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.	Yes*	No*	N/a*
				✓
Debtors	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.	Yes*	No*	N/a*
		✓
Current asset investments	The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposesratherthantomeet short-termcashcommitments as theyfalldue.	Yes*	No*	N/a*
			✓
		Yes*	No*	N/a*
	They are valued at fair value except where they qualify as basic financial instruments.			✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)


Note 3	Income
	Analysis of income	Unrestricte d funds	Restricted income funds	Endowmen t funds	Total funds	Prioryear
					£	£
Donations and legacies:	Donations and gifts			-	-	-
	Gift Aid	-	-	-	-	18
	Legacies	-	-	-	-	-
	General grants provided by government/other charities		97,500	-	97,500	38,477
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	-	97,500	-	97,500	38,495

Charitable activities:		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

Other trading activities:		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

Income from investments:	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

Separate material item of income	HMRC Coronavirus Job Retention Scheme	-	-	-	-	4,738
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	4,738

Other:	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual property rights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

TOTAL INCOME		-	97,500	-	97,500	43,233

Other information:

All income in the prior year was unrestricted except for: (please provide description and amounts)		£25,000 grant awarded by Chelmsford City Council and £13,477 by Arts Council England

Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.		N/A

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		£67,500 grant funding from Chelmsford City Council (prior year £25,000) and £30,000 from Royal Opera House Bridge (prior year nil)

Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).		N/A

~~12~~

Section C Notes to the accounts (cont)


Note 4 Analysis of receipts ofgovernmentgrants

	Description	Thisyear	Lastyear
		£	£
Government grant 1	Chelmsford City Council-core grant	42,500	25,000
Government grant 2	Chelmsford City Council-EU Welcome back	25,000	-
Government grant 3	Arts Council England	-	13,477
Government grant 4	Royal Opera House Bridge	30,000	-
	Total	97,500	38,477


*Please provide details of any* *unfulfilled conditions and other* *contingencies attaching to grants* *that have been recognised in* *income.*	N/A


*Please give details of other forms* *of government assistance from* *which the charity has directly* *benefited.*	N/A

Section C Notes to the accounts (cont)



Note 5 Donatedgoods, facilities and services
		Thisyear	Lastyear
		£	£
Seconded staff		-	-
Use ofproperty		-	-
Other		-	-
		-	-

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.	N/A

Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income.	N/A

Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.	N/A

Section C Notes to the accounts (cont)


Note 6	Expenditure
	Analysis of expenditure		Unrestricted funds	Restricted income funds	Endowmen t funds	Total funds	Prioryear
						£	£
Expenditure on raising funds:	Incurred seekingdonations		-	3,136	-	3,136	2,453
	Incurred seeking legacies		-	-	-	-	-
	Incurred seeking grants			12,546		12,546	9,814
	Operating membership schemes and social lotteries
	Stagingfundraisingevents
	Fundraising agents
	Operating charity shops
	Operating a trading company undertaking non-charitable tradingactivity
	Advertising, marketing, direct mail and publicity		-	-	-	-	-
	Start up costs incurred in generating new source of future income		-	-	-	-	-
	Database development costs		-	-	-	-	-
	Other trading activities
	Investment management costs:		-	-	-	-
	Portfolio management costs		-	-	-	-	-
	Cost of obtaining investment advice		-	-	-	-	-
	Investment administration costs		-	-	-	-	-
	Intellectual property licencing costs		-	-	-	-	-
	Rent collection, property repairs and maintenance charges		-	-	-	-	-
			~~-~~	~~-~~	~~-~~	~~-~~	~~-~~
	Total expenditure on raising funds		-	15,682	-	15,682	12,267

Expenditure on charitable activities	See Note 9			18,682	-	18,682	15,267
	Cultural Strategy Activity		-	8,231	-	8,231	-
			-	-	-	-	-
			-	-	-	-	-
	Total expenditure on charitable activities		-	26,913	-	26,913	15,267

Separate material item of expense			-	-	-	-	-
			-	-	-	-	-
			-	-	-	-	-
			-	-	-	-	-
	Total		-	-	-	-	-

Other	Emerge grant funding payment to Chelmsford City Council Theatres				-	-	15,478
			-	-	-	-	-
			-	-	-	-	-
	Total other expenditure		-	-	-	-	15,478

TOTAL EXPENDITURE			-	42,595	-	42,595	43,012

Other information:

Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly			Grant funding of activities	Support Costs	Total this year	*Total* *prior year*
	£			£	£	£	£
Activity1	Delivering grantfundingrequirements				18,682	18,682	15,267
Activity2	CulturalStrategy development				8,231	8,231
Other
Total					26,913	26,913	15,267

Prior year expenditure on charitable activities can be analysed as follows:		Continuing to set up	and establishcharity,including governance

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Executive Director employee and consultancy costs £28,714 (Prior year £20,423)

Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).		N/A

~~14~~

Section C Notes to the accounts (cont)

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 8 Funds received as agent - there are none

*8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a* *charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance* *Sheet.*

			Amount received		Amountpaid out		Balance held at period end
Description/name of party		Related party (Yes or No)	Thisyear	Lastyear	Thisyear	Lastyear	Thisyear	Lastyear
			£	£	£	£	£	£
N/A			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
	Total		-	-	-	-	-	-

*8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in* *the purchase of goods or services, please disclose details of any balances outstanding between any participating* *members.*

Description/name of party							Balance held at period end
							Thisyear	Lastyear
							£	£
							-	-
							-	-
							-	-
							-	-
							-	-
					Total		-	-

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 9 Support Costs
*Please complete this note if the charity has analysed its expenses using* *activity categories and has support costs.*
Support cost (examples)	Raising funds	Charitable Activities	Cultural Strategy	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance (Company secretary)		3,000		-	3,000	100% Charitable activity
Executive Director	14,357	14,357		-	28,714	Split 50:50
Payroll Services	237	237		-	474	Split 50:50
Insurance	124	124		-	248	Split 50:50
Other - expenses	964	964	8,231	-	10,159	Split 50:50
Total	15,682	18,682	8,231	-	42,595

*Please provide details of the accounting policy* *adopted for the apportionment of costs between* *activities and any estimation techniques used to* *calculate their apportionment.*			This assumes all activities of the Trust, other than Governance and Cultural Strategy activities, are split equally between Raising Funds & Charitable Activities. Governance is deemed 100% Charitable Activity and there are a mix of costs attributed to the Cultural Strategy activity.

Section C Notes to the accounts

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts
*Please provide details of the amount paid for any statutory external scrutiny of* *accounts and other services provided by your independent examiner. If* *nothing was paid please enter '0' in the appropriate box(es).*
	Thisyear	Lastyear
	£	£
Independent examiner’s fees	650	624
Assurance services other than independent examination	0	0
Tax advisory fees	0	0
Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner	0	0

Section C Notes to the accounts (cont)


Note 11 Paid employees
*Please complete this note if the charity has any employees (transactions with Trustees dealt with in* *Note 28)*

11.1 Staff Costs
		Thisyear	Lastyear
		£	£
Salaries and wages		11,072	19,460
Social security costs		-	-
Pension costs(defined contributionpensionplan)		542	963
Other employee benefits		-	-
Total staff costs		11,614	20,423

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party		N/A

*Please give details of the number of employees whose total employee benefits (excluding employer* *pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such* *transactions, please enter 'true' in the box provided.*
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000		TRUE

Band	Number of employees
£60,000 to £69,999		0
£70,000 to £79,999		0
£80,000 to £89,999		0
£90,000 to £99,999		0
£100,000 to £109,999		0




Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.		£11,072


11.2 Average head count in the year		Thisyear	Lastyear
		Number	Number
The parts of the charity in which the employees work	Fundraising	0.40	0.20
	Charitable Activities	0.60	0.80
	Governance	-	-
	Other	-	-
	Total	1.00	1.00

11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)	11.3 Ex-gratiapayments to employees and others(excluding trustees)
*Please complete if an ex-gratia payment is made.*

Please explain the nature of the payment		company secretarialservices
Please state the legal authority or reason for making the payment		To covercompany secretarialduties as agreed by theTrustBoard
Please state the amount of the payment (or value of any waiver of a right to an asset)		£3,000

11.4 Redundancy payments
*Please complete if any redundancy or*		*termination payment is made in the period.*

Total amount ofpayment		0

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

Section C Notes to the accounts (cont)


Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

*12.1 Please complete this note if a defined contribution pension scheme is operated.*

Amount of contributions recognised in the SOFA as an expense		£542
Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.		Employee costs have been allocated 40:60 between activities, all applied to restricted funds as either forms part of running the Trust / seeking new funding.

*12.2 Please complete this section where the charity participates in a defined benefit pension plan but* *is unable to ascertain its share of the underlying assets and liabilities.*
Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.		NEST is a defined contribution occupational pension scheme backed by the government, it is not a defined benefit pension plan.
Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity		N/A

*12.3 Please complete this section where the charity participates in a multi-employer defined benefit* *pension plan that is accounted for as a defined contribution plan.*
Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi- employer plan		N/A
Explain how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined.		N/A

Section C Notes to the accounts (cont)


Note 13 Grantmaking
*Please complete this note if the charity made any grants or donations which in aggregate form a material* *part of the charitable activities undertaken.*

13.1 Analysis of grants paid (included in cost of charitable activities)
Analysis	Grants to institutions	Grants to individuals	Support costs	Total
Activityorproject 1	-			-
Activity orproject2			-	-
Activity orproject 3			-	-
Activity orproject4			-	-
*Total*	-	-	-	-

*Please enter “Nil” if the charity does not identify and/or allocate support costs.*

13.2 Grants made to institutions
*My charity has made grants to particular institutions that are material* *in the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on* *the charity's web site.*				*Please provide* *details of* *charity's URL.*
				*Provide details* *below*

Names of institution		Purpose		Total amount of grantspaid £
				-
				-
				-
				-
				-
				-
				-
				-
				-
				-
*Total grants to institutions in reporting period*				-
*Other unanalysed grants*				-
*TOTAL GRANTS PAID*				-

Section C Notes to the accounts (cont)


Note 14 Tangible fixed assets
*Please complete this note if the charity has any tangible fixed assets*
14.1 Cost or valuation
	Freehold land & buildings	Other land & buildings	Plant, machinery and motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
At the beginning of the year	-	-	-	779	779
Additions	-	-	-	-	-
Revaluations	-	-	-	-	-
Disposals	-	-	-	-	-
Transfers *	-	-	-	-	-
At end of the year	-	-	-	779	779
14.2 Depreciation and impairments
**Basis	SL or RB	SL or RB	SL or RB	Straight Line	SL or RB	Straight Line ("SL") or Reducing Balance
** Rate				3 Years

At beginning of the year	-	-	-	563	563
Disposals	-	-	-	-	-
Depreciation	-	-	-	216	216
Impairment	-	-	-	-	-
Transfers*	-	-	-	-	-
At end of the year	-	-	-	779	779

14.3 Net book value
Net book value at the beginning of the year	-	-	-	216	216
Net book value at the end of the year	-	-	-	-	-

14.4 Impairment
*Please provide a description of the events and* *circumstances that led to the recognition or* *reversal of an impairment loss.*			N/A


14.5 Revaluation
*If an accounting policy of revaluation is adopted, please provide:*
*the effective date of the revaluation*			N/A
*the name of independent valuer, if applicable*
*the methods applied and significant* *assumptions*
*the carrying amount that would have been* *recognised had the assets been carried under* *the cost model.*

14.6 Other disclosures

Section C Notes to the accounts (cont)


Note 19 Debtors and prepayments
*Please complete this note if the charity has any debtors or prepayments.*
19.1 Analysis of debtors
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors	-	-
Total	-	-

*Complete 19.2 where a material debtor is recoverable more than a year after the reporting* *date.*
19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors		-
Total	-	-


Note 19 Debtors and prepayments
*Please complete this note if the charity has any debtors or prepayments.*
19.1 Analysis of debtors
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors	-	-
Total	-	-

*Complete 19.2 where a material debtor is recoverable more than a year after the reporting* *date.*
19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)
	Thisyear	Lastyear
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors		-
Total	-	-

Section C Notes to the accounts (cont)


Note 20 Creditors and accruals
*Please complete this note if the charity has any creditors or accruals.*

20.1 Analysis of creditors
	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	Thisyear	Lastyear	Thisyear	Lastyear
	£	£	£	£
Accruals forgrantspayable	-	-	-	-
Bank loans and overdrafts	-	-	-	-
Trade creditors	-	-	-	-
Payments received on account for contracts orperformance-relatedgrants	-	-	-	-
Accruals and deferred income	-	-	-	-
Taxation and social security	-	462	-	-
Other creditors	4,896	2,139	-	-
Total	4,896	2,601	-	-


20.2 Deferred income
*Please complete this note if the charity has deferred income.*

*Please explain the reasons why income is deferred.*


*Movement in deferred income account*			Thisyear	Lastyear
			£	£
Balance at the start of the reporting period			-	-
Amounts added in currentperiod			-	-
Amounts released to income frompreviousperiods			-	-
Balance at the end of the reporting period			-	-

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges - there are none

You should complete this note if you have included in the charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

Section C Notes to the accounts (cont)


Note 22 Other disclosures for debtors, creditors and other basic financial instruments
22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.	*N/A*
22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here.	*N/A*

Section C Notes to the accounts	Section C Notes to the accounts	(cont) one	(cont) one


Note 23 Contingent liabilities and contingent assets -there are n

Section C Notes to the accounts		(cont)

Note 24 Cash at bank and in hand
		Thisyear	Lastyear
		£	£
Short term cash investments(less than 3 months maturity date)		-	-
Short term deposits		-	-
Cash at bank and on hand		80,549	23,133
Other		-	-
Total		80,549	23,133

Section C Notes to the accounts		(cont)


Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.	The trustees do not deem the charity to be exposed to these risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.	N/A

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please provide details of the nature of the event N/A Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made N/A

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds


Note 27 Charity funds
27.1 Details of material funds held and movements during the CURRENT reporting period
*Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should* *include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.*
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - *unrestricted funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward	Income	Expenditure	Transfers	Gains and losses	Fund balances carried forward
			£	£	£	£	£	£
Donations including Gift aid	UR	To support the purposes of the charity	10,518	-		-	-	10,518
Chelmsford City Council Set up & staffing support Grant	R	Can be applied to staffing costs, including but not limited to, solicitor and other professional fees, equipment, registration and other administrative costs	10,230	42,500		-	-	52,730
Chelmsford City Council EU Welcome Back grant	R		-	25,000	-12,595	-	-	12,405
Royal Opera House Bridge	R		-	30,000	-30,000	-	-	-
*Other funds (balancing* *figure)*			-			-	-	-
Total Funds asper balance sheet			20,748	97,500	- 42,595	-	-	75,653

				Yes*	No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency					✓

*If yes, please state the basis on which the assets and/or liabilities have been translated into* *sterling (or the currency in which the accounts are drawn up).*			N/A

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds


Note 27 Charity funds
27.2 Details of material funds held and movements during the PREVIOUS reporting period
*Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should* *include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.*
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - *unrestricted funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward	Income	Expenditure	Transfers	Gains and losses	Fund balances carried forward
			£	£	£	£	£	£
Donations including Gift aid	UR	To support the purposes of the charity	12,500	18-	2,000	-	-	10,518
Chelmsford City Council Set up & staffing support Grant	R	Can be applied to staffing costs, including but not limited to, solicitor and other professional fees, equipment, registration and other administrative costs	8,026	25,000-	22,796	-	-	10,230
Arts Council England Emerge Grant	R	To deliver the Emerge arts commission		13,477-	13,477			-


*Other funds (balancing* *figure)*	R	HMRC Coronavirus Job Retention Scheme funding contribution to Executive Directorpay	-	4,738 -	4,738	-	-	-
Total Funds asper balance sheet			20,526	43,233 -	43,011	-	-	20,748

				Yes*	No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency					✓

Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none	Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds 27.3 Transfers between funds -there are none Section C Notes to the accounts (cont) Note 27Charity funds (cont) Reason for transfer and where endowment is converted to income, legalpower for its conversion 27.4 Designated funds -there are none
Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties
*If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of* *such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or* *"False" if there are transactions to report.*
28.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)							TRUE

Section C Notes to the accounts							(cont)

Note 29 Additional Disclosures - there are none

Independent Examiner’s Report to the Trustees of Chelmsford Cultural Development Trust

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Chelmsford Cultural Development Trust (‘the charitable company’) for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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

➢ accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
➢ the financial statements do not accord with those records; or
➢ the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
➢ the financial statements 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 financial statements to be reached.

Elaine Oddie OBE MA FCA FCCA NSO Associates LLP Chartered Certified Accountants 75 Springfield Road Chelmsford CM2 6JB

Date: 24 May 2023