## **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.**| |---|---|---| 1 ## **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.**| 2 ## **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** |1
2
3
4
5
6
7
8
9
10
11
12|**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 3 **Date** 23rd May 2023 ||**Charity Name: Chelmsford Cultural**
**Development Trust**|**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**|**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| 4 ||**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|||| 5 **Section C Notes to the accounts** ||||||| |---|---|---|---|---|---| |Note 1**Basis 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.|||||| 6 ## **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**|**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**|**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._**|||||| 7 **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**||||| 8 **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*| ||||||||✓| 9 |**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*| ||||✓||| 10 |**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**|||||||| 11 **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||| 13 ## **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**||-|-| 15 ## **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**|**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| 16 **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||| |||||||| 17 |**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**||||| 18 **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||||| 19 **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_**||||-|| 20 **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._**||||||| |||||||| 21 ## **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**_ 22 **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**|||-|-| 23 **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.**_ 24 **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**|**Section C Notes to the accounts**|**Section C Notes to the accounts**|**Section C Notes to the accounts**|**(cont)**
**one**|**(cont)**
**one**|**(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||||||| 25 **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|||||| 26 **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** _**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**||||||||| |**27.2 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**|||||||||| 27 ## **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.**| |---|---|---| 1 ## **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.**| 2 ## **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** |1
2
3
4
5
6
7
8
9
10
11
12|**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 3 **Date** 23rd May 2023 ||**Charity Name: Chelmsford Cultural**
**Development Trust**|**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**|**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| 4 ||**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|||| 5 **Section C Notes to the accounts** ||||||| |---|---|---|---|---|---| |Note 1**Basis 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.|||||| 6 ## **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**|**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**|**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._**|||||| 7 **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**||||| 8 **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*| ||||||||✓| 9 |**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*| ||||✓||| 10 |**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**|||||||| 11 **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||| 13 ## **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**||-|-| 15 ## **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**|**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| 16 **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||| |||||||| 17 |**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**||||| 18 **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||||| 19 **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_**||||-|| 20 **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._**||||||| |||||||| 21 ## **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**_ 22 **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**|||-|-| 23 **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.**_ 24 **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**|**Section C Notes to the accounts**|**Section C Notes to the accounts**|**Section C Notes to the accounts**|**(cont)**
**one**|**(cont)**
**one**|**(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||||||| 25 **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|||||| 26 **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** _**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**||||||||| |**27.2 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**|||||||||| 27 ## **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