Company regisiratiort nuTnbw". 10894512
Charitabl¢ eompanv rcgistrO1iots nutnbcr.. 1180431
Chelmsford Cultural Development Trust
IA company limited by guaranlc¢l
Annu31 R¢port and Financial StstenJents
for the Ye8r Ended 31 Mareh 2024
Ldmund Carr LLP
Chartered Accounianis & Staiuiory Auditor
146 New l.ondon Road
Chelmsford
Essex
C.'M2 OA W,

Chelmsford Collural Development Trust
Contents
RefeTence and AdministratiN¢ tkratls
Trusl¢¢s' Report
210 5
Independent F.xamineVs Report
Slal¢menl of Financial Aclii'ilies
Balance Shttt
Noi¢s io ihe Financial Stslernen15
9t0 17

Chelmsford Cultural Development Trust
R¢ferenee and Administrative Detail$
Chairma
Mr Mark Walmslev
TTUStet5
Mr Benjamin BacLhouse
Miss Sarah Ilarfiioi
MT Elliot Boakes
Mrs Julia Fra$¢<)tta
Klr.£ Si¢'ph#nie Milch¢n¢r
Ms Caroline Parter
Nlr Mark liatrgtl IResi¥ned 051121231
Mrs Marie Cioldman IComm¢D¢cd 1010712.11
Mr AIJN. Pabial IR¢signed 041121231
SeDioT fvfahAgeMt￿¢ l Le4dtrshlp Ms Clair¢ G¥iJux. CEO
Team
Reglstered Offict
Cii'ic Lentr¢
Dukc Sirtet
Chelmsli>rd
CMI IJI
.1 he chyritable ¢i)rnpany is inLvrpsirB¢ed in England and Wales.
ChJkritabIE company Regi$lraiion
Number
Comp#nv Retlsir4tion Number
10894512
lkndependtni Examintr
Edinund c.arr LLP
Chartered Accountants & Sidlulory Auditor
146 Nei4" London Ruad
ChtlmsfoTd
Ess¢¥
CM2 OAW
Pag¢ I

Chelmsford Cwltural Development Tru$t
Trustees, Report
The Iru5tees, M'ho are direLiers for tht puryy)s¢s of cornpany law.. pres¢ni the 3nnug1 rewrt together wilh the
financial .qtstem¢nLq gnd Independ¢nl r.xaminers TCPOrt of th¢ ¥hgritable cornpany for tht year end¢d .31 March
2Q24.
Objertive5 and activttie5
Public ljenefil
I'he Lompany ha5 ken esthblished foT Ihc publi¢ i)enetil for Ihe a(h'ancemenl of ans and culture in Chelmsford.
Tru51ees are prL)i ided th¢ Charity Ci)mmik4inn trustee guida*L* kn read 3% Part 01. their induction, alorgside the
Articles of A%socialiDn and rele￿&￿1 tmilicies.
The Articles nf Associaiion e%lablish that the charity t% ￿ up tOT public benelii. and th¢ clauses haTr'e regaTd 10
Trustees adopted a neiv Sulk of px)lieies for ihe chgrity. having regard 10 publtc benefit. These include..
. Trustec Code of Conduct
. Tru.%te£ F.X￿nW Policy
Due Dil&gence, Risk Mana8etn¥nl and Donations Poli¢ie5
Political ALiiVity & Campwgning Policy
Trusl¢es #ls(I reiain¢d Ih¢ir existing CnntliL*s of Inietesi Polio. reflecting the Arti¢les ofAsx)¢iaiion. Trustces
declare and file theiT inleresls eiery six monih%.
Page 2

Chelmsford Cultural Development Trllst
Trnstees, Rtport
Athltvemellts #Dd ptrformante
We d¢K'elop￿ Iht firsi knroughv14.ide Cultural Strat¢gy lor Chelmsford..
ChelTll5ford Cultural l)ci'Llopm¢ni Trust cotnmissioned consulian15 and engaged cotnmuniiies to develop the
first knrDu8h•ivid¢ Culiural StraleBI und¢rtwk actility lo protllole awareness and bul. in to Ihis.
Proi iding a shared undcr51anding of borough's Slrtngihs &nd iliallen8es, Thiih three defin¢d priorities for
Commi￿lOn¢rS and Comm￿nitIeS to tocus elltirts on.
Foundational foT ihe deN'Elopmeni for ih¢ Ch£lmsford Cultural Compau, and shared in&¢stmeni.
We speni £28.888 on C.ulmral Siralegy devtlopm¢Dt and consulialion, whith includes £2.%88 on loLal Lrealiv
pmducers.
W¢ devised and rBn Nal I communiN' Ln8*¥enienl hub for three months..
Culture Chelmsford also set Lip and ran a commllnit)" engagetneni hub. knoivn as Nol l. in the ¢entre for
three Tnonih5, 10 50cialise the Cultural Strale¥)' and Lmbed thi% in conimunities.
DC131ised and 3clii-ated the Culiural stra1c￿.. giving ￿ shared sensv ol'owiership in communities.
Strengthened partnership rel#iion$hips, imwrtBnl lii fortning CUli￿ra1 Compact.
C.uliure Chtlmsford worked wilh 10 oih¥r local chgrilv, busine55 and public SLy￿r bLx1i¢s ID deliver Ihe
PTojecl.
Nine freelan¢¢rs commissioned and paid to provide conlenl, and 16 culiurnl proi'id¢rs prO￿lded conieni
Isume paid SQTne in kindl
3524 membcrs of the public Inok p3
213 p¢iiple pr￿j￿ided R cullural slury from their life *J5 Part vl'ihv proj¢u
30 La5¥ 51uJits ￿ere r¢wrded, i¥iih al l¢as1 stx participanls reflecling un lh¢ impa¥t of th¢ prujed fur
Iheni a lear or more on.
We speni £20.532 1)n th¢ Ncil I venue and l￿mmunit) en8oBemenl uLliviliLry, i￿luding £9,439 on local
cr¢aiiv¢ producers.
W¢ d¢i'is¢d ynd s¢¢ur¢d si¥n up in PTinciple t() a Lultural LL)mpdei fvr Lhelmsfor(l..
Wilh key in prinL'iple signaturies iniludin¥ Anglia Ruskin Ilni%ersi¢>. Ch¢lmsfiiT(I Ciillege. Chelmqford City
C'.uunLil and Lh¥lmsfiiTd for You Ibusine&s impD)vemLni districll.
¢¢ur¢J in prin¢iple agreernenl frum thesi tn fund u CuliuTdl SiralY¥) prv8rdmm¢ fur Lhelm5furd Ito to￿
ppruxiTnalel!. 1361.000 for th¢ fingncial vearb 2024n5- 2V261271_
AnQ in prin¢iple agreement ID..
S¥ek nalivnal maiLh funding fi?r ihis InVL￿£m¢lll
o Work N'ith cummunilies )'LTrullg pl￿p]e to Jevise the CtJliurJl Sitategj prvgrJmm¢
We scoped and in5tigat¢d r¢seBrch and projects io activaie the Luliural Strategy..
Secu￿d £25.000 VKSPP fundIDg Irom Lhelmsford Lily Cotsncil for 2023124. and in principle agreemeni to
pa). a lurthLY £25,UUII in 2024125. ta tund C'ulture and Heolth r¢5earch and pilots (Social Prescribing).
rorni¢d g r¢sear¢h partnership ￿'11h Anglia Ruskin and local cxperts to r¢s¢arch social PTescribin8 in
LhelmsloTd.
Sccurcd an Innovation Vouchci Irom Anglia Rusk"in Univttsiiy worth £4,935.75 in kind, tor ihc universii), to
tnop CTealiN'c skills in Ch¢lmsford.
Pag¢ 3

Cbelmsford Cultural D¢veloptnent Trust
Tru$lees' Report
Flnantlal rthtw
Th¢ ehariiN' has end¢d th¢ financial year funds tnlallin8 £63,1)Dl, of whi¢h £20.601 was unrcstricted llnd
£43,(JIX) ro4lricled.
Grani and doiior tunding of £63.700 was r¢ceived during ihe period.
Cims4 ¢Npendilur¢ af £99,322 wgs incurred.
The trust¢¢s consider thai th¢r¢ gre no m3t¢rial uncert3inlies about the Charitv's gbility to continue as a Boing
Concern.
Ptslic)r resérves
Truslees agreed via Board meeting resolutiun that the Chariiy should airn io hold thr¢¢ months staff salatv co.qis
in untcstri¢i¢é fTt¢ rLs¢rvcs.'I'his cquates to around £9.000.
This 1$ lor ihc purpt)se uf¢￿su￿n8 any $tsff redundancy costs be paid if the chanty ¢cascd.
A5 ai 31 Marth 2024. th¢ iharity knlding £20,601 io tr¢¢ rcscrvcs.
Strntture) govtr#an¢e attd man*Etmtnt
Ivttlure ofgoverNinK
Memorandum and Articles ol'Associ&iion- incoryx)ral¢d 01108117. as amended b). SpeLial R¢solulion r¢8islered
al Companies House on 05110118 as amended on 12107122.
Th¢ charii! may apwinl Tru4t¢e.q. Ihe minimum number of TTU51ee3 is three and ih¢ maximum Iw'e1￿c, hoN4"ei'¥r
the Board mav delertnine a highu nutnber.
Chelmsford Cil) CounLiI is enliiled 10 llurninaii on¢ indi%'idug1 to the Bodrd as 3 LoLal Authority Nominee and
d¢cide Iheir periixl i)f gpwinlmenl.
The Articl&% slal¢ ihal ¥ppoinlmeni shall b¢ %'ikTr Iransparenl and ri¥orou$ reLruilm¢ni and seleclion PTY)ce55. in
IIILI)rdanLe %%iih C'harity Cvmtnissivn Liuidartct and b¢st prBclice 8enerall)'. This shall include g fotTnal
inter¥'ieiv b% exisling dIreL￿￿T£. InLluding Ilie LDul AuihoTilI N()minee. Thi.% pn)¢¢ss has been fulluiv¢d ltir
apNTrtnitnenlS.
A Charitsblc Companv Limitcd by Cru2rantcc.
M¢mb¢rs of the ¢ompan>' hav¢ provided g guarantee faPPEd at £1 eaeh.
Pgg¢ 4

Chelmsford Cultural Development Trus¢
Trustees. Report
Stitemtnt oftrustee$' responglbllltle$
Th¢ irusiees lii'ho are also th¢ dirL*iofi i)f Chclmbf(Ird Cultural Devel(Trpmenl TTUSI fnr the purp)s¢% nf Cnmpanv
lawl are r¢%wnsibl¥ fDT preparing the Trustees, Report and the financial .113lernenLs in accordance Ivitli
applicable lllm, and lJniicd Kingdvtn Accoiinling 51andards (United Kingdom Ci¢n¢i?Ily Ac¢epitd Ac¢vuniinE
Prneli¥¢l. iniluding FRS 102 'The Fingn¢ig1 RL'lX)rting Stsndard applicable in the IIK and Repuhlic of Ir¢lgnd".
The Teport and accounts have been pretyared in JLcord3nce 14.itli the proi'isions in ihe C.ompaAies Act 2006
relaiihg io stnall L￿mpanIeS.
Company law requires the tru$tee5 10 prepwe financial siaiemenTS for each financial i'e3r. Ilnoer wmpany la
the trust¢¢s mull nol approve the fjnancial Stsl¢menls un1¢55 the!. are satisfied Ihai the) gil'e a true and fgir vi¢
of Ihc stale of atlairs of ihc Charl￿ble cornpan). and of the incomin8 f¢$ouT¢es and applicaiiorj of resources,
including tis in¢omc and expenditure. of ih¢ chariiable compan), for Ihai wiod. In preparing these financial
staiem¢nls. the Irust¢¢s are required to..
lecl suitabl¢ 8¢YouniinB poliLies and appli. Ehem con51$1enll}':
Dbsern'e th¢ methiJd5 and principles in the Charilie%.SnRP..
make judgements and e5timaies ihg18re reasonable and prudeni.,
siatt ¥%.h¥iher appliLabl¢ aecounitng siandard%. iomprising FRS 102 have been followed. subj￿1 to anv
maleri31 depariur¢g dt$¢105ed and explained in ilie Iinancial slalemenls: and
pr¢pgr¢ ihe fjnancial 5tat¢m¢nts on the going concern basis unl¢ss li is inapprvpriaie to presume that th¢
charitable compan). will continue in business.
Thc Iru51c£s arc rcswngibl¢ for k'ccping proper ateounling recoTds thllt can disclosc ￿'Ith rcasonabl¢ a¢¢ura¢>' ai
any tsm¢ th¢ financial position ot'lh¥ Chariiabl¢ ¢ompan> and cnknlc Ih¢m tv ensure Ihal thc tinancilll stsicmcnls
eompl). with th¢ Comp#nics ALI 2006. Thci are also rcsw)nsibl¢ tor salcgugrding thc of ihe LhaTilablc
comp2n}' and hcncc lor tak"in8 rca8onabl¢ slcp.% lor Ihc prcvcniion and dcieeiion ol'lrJud and othcr irregulariiio4.
Th¢ irusives aTe respon£ibl¢ for the mdiniLnan¢e and inie¥rii)' of ihe ¢otporale and fingnLia￿ iDforn)gtion
includeil on lh¢ iharildble cofflparJy'$ M'£bsil¢. Legislation governin¥ lh¢ preparaliLTrn and di5semin&tion ol.
riDanLial slalemenls mav ditr¢r frvm le¥islaliLlll Ill LiihLT jUrI￿1ClI￿n￿.
CompliiDtt with prevailing Jaws and r¢gulatlons
The financi31 sialem¢nL% havL b¢cn preparLTrd ITT JLecTrrd3nce Nvith the accounting policics set out in noies to the
#wounis and ci)mpli Ivith the ch8riiv's gov¢ming di)¢umeni. the Charilies Ad 201 l and Accnunling and
R¢porting bv C'harili¢s'. StJtemeni of Re¢onitnendL'd PraLLice &ppliLable to charili¢s preparing their aiLounis in
accfrTdan¢¢ with (he Financial R¢porting Siandard gppli¢&ble in th¢ LIK and Rcpublic ol'lreland published on 16
July 2014
Small toJnpaDies PTOV151011 StaItmt￿t
Thi.% Tepi)ri has been Prepared in a¢eordance Ihe small companies Tegime under the Compani¢5 Aet 2(￿￿.
The annual r¢port ivas apprul'ed bi the trustees of th¢ charltable company on1711212024 and signed on ils
bchall'by..
Matk
Mr Mork Walm51ev
CthairniJn
Mrs Stephanie Milchener
Trus¢e¢
Ptsge S

Chelmsford Cultural Development Trust
IDdepelldent ExamiDer's Rewirt to the trustces of Cbelm5ford Cultural Development
Trust ('the Company,)
I repMIrt lo the charilable company Iruslees on my examinaiiun ol"Ih¢ accL)unls ufih¢' Lwnpanv fur the Y￿ end
31 MarLh 2U24 whiLh arv sel OUI lin pJ¥v8 7 10 17.
Rcsponsibilitits bA$i$ of report
As Ihe tharily trustees of the cotnpanv land also its diTeclor5 for the purposes of Compan￿ lawl you are
responsible tor the PT¢paration of the arcounls in aL¢ordanct with the r¢quiremenls ol'ihe C(mipani¢s Ad 2006
I'ihe 2006 Act-l.
Having salistied myselt. that ihe account% ol. Ihe eompan). ar¢ not required 10 bc audil¢d under Part 16 of the
2(K)6 Act onJ are eligibl¢ fnr Inder￿n￿ent examination, l T£￿rt in resp¢¢i nf m> examination of Jour companv,
accounts a$ carried out under section 14) of ihc Charities Att 2(Ji I i-lhc 2011 Aci-l. In carrying oul my
¢xaminaiion I hai'¢ followed the Di￿di￿n$ given b) ¢he Charit), C4wnmis4inn under 5e¢tion 14515Nbl of the
2DII Act.
Independent ex4mlDer'$ $tatem¢nt
I hai'e ¢tsmpleitd my ex#minaiion. I confim that nu mallers havv iom¢ lo m! attention in Lxinrteciion with Ihe
examin8tion 82vin8 me cause to ￿lI￿,e..
a¢¢ouniing r¢¢orJs were noi kipi in re5pecl ol'ihe Compan), as required by 5eclion 380 ofihe 200h Act., or
2. the a¢counts do not accord ivith ih05¢ record5: or
3. Ihc accounts dv nul L￿nip1). Hiih Ihc thccounlin8 requirL'mcnis ol. section 396 of th¢ 2006 Aei other than
an). rcquiremcnt thai thc accounts gii"e a 'lruc and l#ir vicw which 15 not a mailer considcr¢d as pm
indcpendtni examinaiion.. OT
4. the accounts have not been prepared in decordance w2th the methods and principles ot" the Staletnenl of
Re¢ommLnJ¢d Pra¢ii¢¢ for a¢¢ounlin8 and rewrting M. ¥h&ritie% gpi)liEable to chJTilies preparing Iheir
accounts in accurdanc¥ Th'iih ihe Finan¢ig1 RepN)rting standard appli¢ahlt in tht UK and Republic lit.
Ireland IFRS I(J21.
I havL no ¥oncerns and hai'¢ thm¢ a¢ross no olher maller5 in Lonn¢'¢iion with the exaniinalion liTr ¥%.hiLh #ll¢niion
should be drown in Ihi5 report in order Iv endble a proper underslanding ofihe a¢wunis to be reached.
Sandra Mfirrell FCCA
146 New London Road
Chelmsford
CM2 OAW
D*it'.
1811212024
Pg8¢ 6

Chelmsford Cultural Development Trust
StattmeDt of Financial Aetivities for the Year Ended 31 Mareh 2024
Ilncluding Income and Expenditure Aceoynt and Other Comprehen$iwe IDcome)
Total
Stpttmber
2022 to 31
March 2023
Total
31 ￿l￿re￿
2024
UDre$trl¢itd
Restrieted
Note
ID¢omt and Endowments from:
FJnnatii)ns dnd legg¢i¢
12.500
12.500
51.2VU
12.500
81,0(
51.200
Total ineomc
12.5QO
51.200
63.700
93,500
Expendlture on..
17.472
81.850
99.322
69.930
Total expendilure
17.472
81.850
99.322
69.930
lexpendilurellincom¢
Translers between funds
14.9721
2.555
liO,6501
12.555
135.6221
23,570
Nci moi'¢m¢ni in tiinds
li3,2051
135.6221
23,570
Retoncilialion of fund%
Tutal lunds brou8hi lor¥4*rd
Toial funds carried fomard
23.018
76,205
9().223
75.653
20.601
43.QOO
63.6111
99.223
All of th¢ charitsble company s activities derive from ¢onlinuing op¢r&iions durin8 th¢ above tKriods.
Pag¢ 7

Chelmsford Cllltural Development Trust
(Rcgistration numbeT: 10894512)
Bal#nce Sheet as at 31 March 2024
2024
2023
ote
Filed assets
T&n8iblc ￿SSetS
Current as$¢ts
Dehiors
Cash ai bank and in hand
io
500
66,782
45,000
62.076
67,282
107.076
Creditorg: A￿0￿￿t% falllDg withiD one yellr
12
17.8531
Net cMrreDt a$$tts
63.601
99,223
Net assets
63,6UI
99.223
Funds of the charitablt CoMp￿nY..
Re5triettd income funds
Ke5tricted lunds
43,000
76,205
VDrestricted illcome
Ilnreslricled lunds
20,601
23,018
Total thnds
63.601
99.223
ur Ihc financial )'ear endinB 31 March 2024 Ihe LhJriiabl¢ compan) enliiled lo exempiion from Judii under
SLKlion 477 ofihL' Cvmyanits Act 2006 r¢lalin¥ to smull companies.
Dir¢Ltors' rel￿>Th51b1I1l1¢S.'
Th¢ mcmbers havc not rcquircd the charitabl¢ compan> lo obtsin audit ol- IL% accounts lor Ihc >ear i
qutsiion in #ccordanee %¥iih sceiion 476., and
l-hE direclois #Lkni)ii.l¥d&pe their re$rK)n$ihilities for complying ￿'ith the re411ir¢ni¢nL4 of the Act M'ith ￿pe
to accountin8 records and the preparation of alctsunts.
These finanuial siaiements havt been pr¢par￿ in 2ccordJnLe iht special Provisions r¢13tin8 to companies
subje￿ io th¢ small compaLli¢S regime within Part 15 of the Compani¢s Aa 2006.
I'he linancial 51aiements on pages 7 10 17 M'ere approved b) the trustees. and authori%ed tor issue on
.171..12R4... and signed on th¢ir b¢haifby'.
Mr Mgrk Walmsley
Chairtnan
Page 8

Cbelmsford Cultural Development Trust
Notes to the Financial Statements for the Year Ellded 31 Marrb 2024
I Ch*ritablt compan) 5tgtus
The charitable companv 15 limited b> 8uardnltc. incorSMirai¢d in En8land and Wales. and cons¢quenilv does noi
hav¢ Share capital. l.ach of (he Irusiecs is liable lo ¢oniribule an gmourtl nul ex¥¢edin8 £1 toiiard& the asstis of
the chariiable companv in the eveni ol'liquidatiott.
2 Ac¢ounling polltits
Stsm]n8ry of5ignifi¢*ni accouniirtg politie$ kcv accounting e5tim2tes
The principal accounting polict¢s applied in thc prcparalion of Ihese fingneial statements are set oui b¢l•iv.
The$¢ polities havL been consisientl). appliL'd io all ihe v¢aTS preseni¢d. unless (>thernise 51ated.
Statemtknt of ¢otnpli#nce
llie finanLial Fialem¢n15 hgve been prep#Ted in ac¢ordan¢e with Ai¢ounling 8nd Reporttrng bi C'harili¢s'.
SiaiLm¥nl af Kecomm¢nded PraciiL¢' IdppIic8bl¢ 10 ¢harilies prL'paring iheir aLcounls in ?L*vrdance ￿'11h Ihe
Financial Rewriing Siandard applicable in Ihe L',K and R¢publTC of Ir¢land IFRS 10211 (issued in Ollober 20191
IChdriLies 8CIRP IFRS 10211. lh¢ Trin￿£1￿ R¢w)rttng Slandard dpplic8bl¢ in Ihe UK and Republic of Ir¢land
IFRS 1021 and lh¥ C'umpani¢s ALI 2006.
B95is of prtpllritlo
Chelmsford Cultural D￿"elopMent Tru51 meeis the definition of a public benefit eniit) under fRS 102. A55¢1s
and liabilili¢s are iniiiall% rccognised al hi51oricg1 losi or transaLlion value Ltnless olhcrwise Stat￿ in ihe
relei'ani accouniing policy notes.
Golhg ¢on¢trn
'rhc ttuste¢b Liinsider ihai there nu rndl¢rial uniL'rtainlies aboui the cli8riubl¢ £umpan>'s ￿bill1V tv Lonlinue
a giiin¥ Lon¢¢rn dn), sikinifJcant ?r¢Jb (if uncertain￿. Ihal aff¢¢l Ihv Larr) ing i￿alue Dt. as.qeis held by th¢
charilable company.
Incomt 2nd eDdowThtnts
All in¢urne is recogni.￿¢￿ É)nce th¢ Charilable compan> enliiltmenl lo the inthim& ii ts probable Ihai the
in￿￿￿e will be rec¢ii'ed and th¢ arni>unt of Ihe incotne receii'able can he Me￿￿Ted reliably.
Dunaiion¥ JTe reiu¥nised the chdriuble wmpan) been notified in 1STilin¥ uf b(kih the arnount and
settlernent Ilal¥. In the ty￿￿￿1 IhHI a JÉ)naliun 1% bubj¢LI Iii Lll)ndiiivns Ihal requirv J la el of perlvnnan¢e by Ihe
LhJTilablL' iumwdn% befi)re Ihe iharilJhl¢ Lvnipany Is eniiiled lu the funds. the inwTne is deferred and nt)I
reco¥nised unlil eilher ihobe Londitions dr¥ fully m¢1. ur Ihe fullilment ol'lhi15¢ iondiliong i¥ whull} Iv&thin Ihe
conlriil of the charitable a)mpan)' and IL is prsibable that Ihesc. CL)nditiiins will be fuifillL'J in the r¢i)iirting p¢riu¢J.
Page 9

Chelmsford Cultural Development Trust
Note5 lo the Finaneial Statemellts for th¢ Year Ended 31 M¥rcb 21124
Exptnditu
All expenditu￿. is reiognised there is B legal LoDstructiNe obligdlion lo that ¢xpendiiure, il ig proi)abl¢
s¢lll¢ment is rL'quired and the ainouni ¢8n b¢ measuTed reliabl>'. All ¢i)sl% gre alluLJled 10 th¢ applicable
expendilure heading Ihal ag¥re¥aie similar costs lo Ihdl ¢aiegory'. Where costs £annol b¢ direcilN allTibuied li)
partiuular hLJdings Ihe) haNe been alloc￿led lin a basis consislenl wilh ihe USL of r¢source5. wilh ¢¢nlral stsfl.
cosls alluialed on ihe basis vf lime sp¢ni. gnd depTeLialiun ihar8¢4 allocaled on Ihe portion of the assel's use.
oiher suppvrt W5ts art allotyattd bBsed on the sprva4J Urs￿17.¢￿51s.
Ch4riidble a¢riwiies
Charitsblc l'X￿ndiIUr¢ compriscs ¢hov costs incU￿ed by Ihc charitablc company in ihc dclivcry ol. its aciiviiics
and services for lis b¢nefi¢i8ries. Il includes both c05ts Ihat be gllocatcd dir¢clly to such ￿LIVI11¢S and thTrse
cos15 oran indircLI naiure nc¢essar)' to support Ihcm.
¢o$ts
'I"hese include thi wsts 8ttribul3ble lo the ch3Til&ble wmpgD} S Cotnpliance with CODsiilutional and ￿atul￿ry
requirements, including audil. slrdl¥Bi¢ manag¢m¢nt and Iru5tees meetings and reimbursed (x￿n5¢S.
The charitable compan). is considercd 10 pa55 the tests sei vui in Paragraph I Schedule 6 (>f the finance ALI
2010 and therefore it meets ihc dclinition of a charitable compan> for IIK wrporalion ¢ax purp(>ses.
Accordingl￿. the ¢hariiabl¢ eompany 1% wtentially L'xtmpi from Lqxation in respect ol. income or cdpit31 ¥ain.%
receii'¢d I￿1(hIn cate8t>ries coi'eTed b! Chaplcr 3 Pari I l of the Corporaiiort Tax Act 2010 or Sc¢iion 256 of the
Taxaiion of Chargeable Gains ALI 1992. 10 the extenl ihai such income or Bairts are appli¢d exclusiNclN' 10
¢harithbl¢ puryx)ses.
T*￿¥ible fixed a55ets
Indii idual fixed Lus1in¥ *5011.011 or mure are initsllv ￿LUr￿LXrf ai ¥osl. less any subb¢qu¢nl gccumulali'(J
depreviation and 4ubsryuent aiLumulaled imP4iimLnt losses.
Depre¢latloD oniortisation
l)eprwiation is prDI'ided on langible fixed assets 50 85 to write off thc cost or i'alualion. less any ¢siirn4led
Tesidual N'alue. oier their ¢Xp¢￿e￿ useful econoTnic life as folloivs..
A5Stt (1*55
Fixtur¢5 & Fiitings
DtpretlAtlon method xnd rAtt
Rtstarth and deVelop￿¢￿t
Rcs¢arch and d£i'clupn)illi Lypcndiiurc is wriii¢n otl'as incurred.
Trade deblor5
I'rad¢ dLbtiiYs are amounts due trom customers for merchandi£e $(>ld nr serviccg performed in Ihe ordinary.
course t)f husiness.
Tr￿e debtors are Tetogni8ed iniiiallv ai the Irans3cIIon PTl¢¢. The). are %ubsequ£nil) mtssured at 2Monised c()si
sing lh¢ eff¢Lll%'e interesi metho(L les5 provision for imp3i17nenl. A pruiiision tor the impdirmeni of trade
debtors is e51ahlished when ther¢ is ohj¢ciive evidence that Ihl Lharit8ble companv i%ill noi h¢ ghle lo colleLI all
ainounis du¢ awordittg to the original lerms ofihl receiirables.
Pag¢ 10

Cbelmsford Cultural Development Trust
ll'otes to the Financial St4t¢ments for the Year Ellded 31 Mareh 2024
Cllsh a￿d tX5h equiw8ltnts
Cash and Lash ¢quival¢ntS [￿t￿Prise ¢ash on hand and £all del￿5115. Ind oiher short.l¢rm highlv liquid
invLyltnents Ih¥t art readilv th)nv¥rtible lo a knO￿Tr aniounl of Lash and are subj¢d 10 dn in5ignitic3nt risk of
changt in idue.
Fund slrurtllrt
Unrestricted incL)me fund5 are general funds th*1 are available for us¢ at (he iruslees's diKTetion in furtherJnc¢
of Ihe objectives ufthe chBritsblt eompan>.
Resiricled inwmL fuTLds are those (knnaled tor us¢ in a partiLul&r area OT for 5)xYifiL PUTposes, the i)f ￿'hich
is r¢striLied lo Ibai area or purpose.
Finall¢lal iDStrumtllts
CIAFsifi¢oiio
rin3ncial as%eis and tinancial liabiliii¢s art recognised th¢ chariiable companv becomes a part>. lo th¢
c4)niractual proi isions ol'ihe instrument.
Financial liabilities and equity in51rumen15 are cla5sifi¢d ￿LOrding lo the substsn¢e of the conlrgciual
arrangemenis eniercd inio. An e4Ult%' instrumeni is an), conirdd that evid¢nc¢s a residual inieresi in ihe asseis ot.
Iht chaTiLabl¢ company after deduciing all of its liabilili¢5.
3 from donations and legaeles
Unrestrltted
runds
Restritted
d5
Tolal
funds
Donation.q rc¢cii ablc
Gift aid reclaimed
111,0
2.500
2,500
Total for period endtd 31 March 2024
12.5UO
12.500
Total for ptrlod ended 31 ￿￿#T￿b 2023
12.500
12,500
Pagt 11

Chelm$ford Cultural Dev¢lopmeni Trusl
Notes lo the Financial Statement$ for the Year Ended 31 Mareb 2024
4 In¢ome froDJ tharitable activities
Unrestricttd
futtds
Restri¢ied
fund5
Total
luDd5
Funding tu supp(irt chariiablc activities
51.200
51,200
Total for period ended 31 M*rch 1024
Total for ptriod ended Jl M*rth 2023
51,200
51,200
81.000
81.000
ExptndÉturt OL ¢hArhtiblt *¢tli'ltles
Unrtsirleted
fund5
Reatricted
funds
Tothl
fvnd5
Note
Programme Dtlivery. Proj¢cis
Pr()gramme Lleliv¢ry- firanLs Made
11.845
47,500
47,500
Support ¢osts
(hhcr cxp¢nscs
1,702
1.702
35,863
2,412
17.472
Goi'eTnance ccis15
2,412
Total for period tthd¢d 31 M&r¢h 2024
17.472
81,850
99.322
Total for ptrlod tnded 31 Mar¢b 2023
(?9.930
69.930
6 Att*ly$i$ ofgovtrni#¢e iDd support to$ts
Govtrnanee tost$
Total
1 Septernbtr
2022to31
March 2023
Toial
31 M*rth 2024
Independeni txaminer fees
xaEninalion vf Ihe financial $thi¢menL%
Pajroll lees
Other 8uI'eTnancc L￿St$
1.800
612
610
296
1,000
2.412
1,90(1
Page 12

Ch¢lmsford Cultural Development Trust
Notes to the FiDallei#l Statements for the Year Ended 31 March 2024
7 Tru$tee$ rernuDer*ilott eAptDsts
No Iru%lees. nor any persons wnnecled i¥ilh Ihem. have ieceii'ed an). r¢muneraiion froni the charithblc con]pany
durin¥ Ihe >¢ar.
No irusle¢s hai'e reeeiv¢d any r¢imburs¢d expenses or atty oiher benetits from ihe charil) during Ihc year.
8 Staff to$t$
Th¢ aggregat¢ pavroll costs were as follows..
2024
2023
Staff costs duriDE tbt year wtre=
Wagc5 and salarics
PtnsiDn costs
35,UOU
863
26.777
35,86)
26,777
No emplov¢¢ releiied emolumenis ofmnTe than £60,000 during the year.
The average number of eniployees during (he year. b) head couni, was I1202J.' I I
The total emploi"e¢ b¢nefiis of ihe key managemenl PCT50nnel of th¢ charithble company w¢r¢ £35,863 12023-
£26.7771.
9 Tangible fixtd a$s¢ts
Furniture •nd
equipment
Totgl
Cost
At l April 2023
Disry>sals
779
17791
779
17791
Al 31 Mar¢h •024
Depreci*llon
Ai l Aprl 2023
F.limina*d Dn dispn%als
Ai 31 Mar¥h 2024
779
17791
779
17791
Nti book value
Ai 31 March 2024
Al 31 March 2023
Pdge 13

Chelmsford Cllltural Development Trust
No¢e5 to th¢ Financial Statements (OT the Year Ended 31 M4rcb 2024
10 Debtots
2•24
2023
Accrued income
500
45.000
I I C*$h *nd ¢#sh equh'alents
2024
2023
Cash al twik
66.782
62.076
12 Creditor5.' *mOlllIts (allittg due wiihin one year
Z024
2023
Other taxalion and social stcurit>
Pension 5cherne creditor
Accrua15
1.659
168
2,436
168
5.249
1.854
3.681
7,853
13 Funds
B&lance gt
JI Mareh
2024
IntomikTrg
rtsOU￿¢S
Re50urtt$
txptnded
Aprll 2023
Tr&￿5ft
UnresiriL¥edf#Nds
I Inr¢%irici¢d CJ¢n¢r#l
23.018
12.500
2.555
20.601
R¢4trl¢ttd
Ch¢lmstord Citv Council
Scl up & corc sLLllin¥
5UPWrt grant
Ro)'al Opera Ilouse Bfidg¢
ChelTn%fiird Cily C.'ouncil
Strategy
Lhtlmsfi)rd Cit). Council
Mappin¥
SoLial PTeb¢ribing and
Culwr?l Opportunilics
Resedrch
Chelmstord City, Council
IJKSPF
Number I l The M¢gdiii4
76.205
122.2451
147.5(KJl
15).9(1O1
47.51N)
2.500
2.500
14,000
12451
11.Ix)01
16.000
15.0(KJ
5QO
500
25,UOO
9.200
25,1)00
I In.8601
1.660
Pa8e 14

Chelm$ford Cultural Development Trust
Notcs to the FiDancial Statements for th¢ YeoT Ended 3] Mareb 2024
Balance at
31 ￿l￿rth
2024
B4IaThet 91 1
Aprll 2023
In¢omint
resources
Rtsourit$
exptnded
I'*#ts$fttrS
Total re.%lritted
70.205
51.200
181,8501
12,5551
43,000
Totil funds
99,223
63.700
199.3221
63,601
Prlbr Jeor..
Bxlance 4t I
September
2022
Intoming
rtSDuree$
Resourtts
expthdtd
Bilitrjct at 31
Mgrcb 2023
Ilnrestrl¢ttd funds
u￿resI￿1￿1edI￿nd
Unrestricl¢d General
10.518
12.500
23,018
Rtslrieltd
Clielmstoro C.il)' Council $¢1 up
ore stallin8 %uppiirt grant
Rol￿ Opera House Bridge
ChLlrnsfoTd Cl￿, Council
SirJte&v
Essex Communiry, Foundalion
ChL'lmslord C.iiN' C'ouncil EU
WelLI)mL' Back wgnl
Totlll rtStrltted funds
52,730
42,500
17.500
119.0251
117.5001
76,205
16,000
5,000
Il6,0001
15.OOVI
12.405
112,4051
65,135
((bg.9301
76.205
Totli fund$
75.653
93,5(KJ
169.9301
99.223
P¥g¢ 15

ChelmsfoTd Cultural Development Trust
Notes to the Fina￿¢]￿1 Ststements for the Year Ended 31 M*r¢b 2024
The spcLifi¢ purwses for which ihe funds ar¢ lo be applied ar¢ as folloMs=
11 'rhe Chelmsford Ctti. Couneil Set up & core siafling sUPFX)rt 8r3nl was funding to ¢stsblish the
sell-sustainabiliiv of ih¢ charitv.
21 'fhe Rol'al Opera Ili)use liridge gyani 38reed kn fund ihe Local Luliural Lducaiion Partn¢rship. The
funding was lai¢r provided lo Chelmsford Cili Council lo proi.ide the LCCP.
31 The Chelmsford Cliv Council Strategv 8raDI I¥?5 a cottiribuiion tO%4'3rds the devtlopment of chelnJsf￿rd
Culiural Siraiegv.
41 The Chelmsford City Louncil Mapping granl ii?s for the devtlopm¢ni of a Community Cnga8¢menl
Framwork.
51 Th¢ Social Prescribing and Culiural Opporiunilie4 Research fund 10 as%isl aecess nttos ol. a tocus
group.
61 The Ch¢lmslord City C'ouncil UKspr runding ￿aS for resear¢h and pilots to St￿n8then Cultural social
prescribing.
71 Th¢ Number I I the MelldO￿5 ￿a5 funding io run th¢ 'Nol I, projeet, providing g wp up with culiural
aciivilies tii adivatt Iht Cultural Siraiegv.
81 F.ss¢x Conimunit). Foundation funding iowards th¢ 'Nol I. projeei.
91-fht Weliome Back gprani was for Th¢ory of Chanbre. fundraising and inve51mtni straiegy for Culture. Idtas
Lab S¢¢d funding gnd UK City of Culture 2029 viabilitN' r¢seaTCh.
Th¢ Truslces I￿Ve carried out a detailed revjciy of ihe fundinB received and eX￿ndit￿re incurred over the past
couplt ufN"eaT5 and concluded Ihai th¢re ￿'¢re some adjusiments which needed 10 b¢ made 10 correctl}, allLKal¢
Ihe exrKndiiure ggain81 ils relevani funding 5tT¥am. Th¢ Tru5t£es dre eonfideni in ih¢ allocation of expenditure
in the 2023124 lear and therefo￿ Ihe earri¢d fonvard funo wsition,
14 AD4lysis ofntt as5tts bttwtell ftsnd$
Tot41 funds at
Unre5trltied
furlds
Restriited
nds
2024
Curr¢ni a$$¢
20.601
46.681
13,6811
67.282
Toial nci ass¢is
20.6fJl
4i.000
63.C)01
Totsl funds it
31 March
UDrtstricted
fuLd5
Re$tri¢ted
T￿￿d5
2023
Currenl assels
23,018
84,058
17.8531
107,1)76
17.8531
Total nel as￿5
23,018
76205
99,223
Page 16

Chelmsford Cultural DevelopmeDt Trust
Note$ to tbc Finaneial St#t¢ment$ for the Year Ended 31 March 2024
IS Rtlated party ir*ll54Ctions
There were no relaitd partv trdnsactions in iht )rar.
16 Prior y¢¥r Slaitmtut of Fi4gncial A¢ilvitie$
Total
31 Marib
2023
UDrestritted
Restrirtsd
Note
In¢omt #nd Evdowmehts from..
DonatiOD5 and legaiies
Charitable activitlC8
12.500
12.500
81,0(M)
81.000
Total in¢ome
12.500
81.000
93,500
Expenditurc un:
69.930
69.930
Totsl expenditure
f)9.93Q
C>9,93U
Nei income
11.070
23.570
Net mowenienl in funds
12.500
11.070
23.570
RteOD¢lJi*tion of fuDd$
Tothl lunds brought 10Th￿rd
Totsl fund5 Ca￿led forward
lQ.518
65.135
75,653
23,018
76.205
99,223
Page 17