# **ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

**31 March 2023** 



## **Reference and Administration Details** 

Arts Alive is a registered charity, number 1182373. 

The principal address is Office 007, Enterprise House, Station Street, Bishops Castle, Shropshire SY9 5AQ 

Trustees of Arts Alive as at 1st April 2022 were: 

Paul Graham Michael Connolly Rachel Ann Ress Judith Ann Trustman Louise Harriet Cresswell Mayor Stephanie Hinton Hannah Prior and Ben Mowbury resigned. 

Arts Alive’s bank is: CAF BANK Ltd, 25 Kings Hill Avenue, West Malling, Kent ME19. 

The independent examiner of the accounts is Shaheen Uddin - Aims Accountants for Business 

## **Structure, Governance and Management** 

Arts Alive has existed as an unincorporated trust since 1999. On 7th March 2019, Arts Alive became a Charitable Incorporated Organisation and all assets from the old Charity were transferred to the new one on October 1st 2019. 

Arts Alive is governed by its constitution adopted on 7th March 2019. 

Trustees are elected for a three-year term on the expiry of which they may stand for re-election. 

## **Objectives** 

The objectives of Arts Alive, as set out in the constitution, may be summarised as fostering and developing artistic taste, knowledge, and appreciation of the arts in Shropshire &Herefordshire and the surrounding areas. 

In planning activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on fee charging. For the most part admission prices are set by the individual promoters but Arts Alive issues strong recommendations on the level at which they should be set. 



## **ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE STATEMENT OF FINANCIAL ACTIVITIES 31 March 2023** 

|**Incoming resources**<br>**from generated funds:**<br>Voluntary income:<br>Grants<br>Donations<br>Investment income<br>**from charitable activities:**<br>Income from live and flicks events<br>**Total incoming resources**<br>**Resources expended**<br>**Charitable activities**<br>Operation of live and flicks events<br>Governance costs<br>**Total Operation of events**<br>Transfers to reserve funds<br>**Total resources expended**<br>**Net incoming resources**|**Note**<br>2<br>3<br>4<br>4|**31.03.2023**<br>**Restricted**<br>£<br> <br>126,808<br>255<br>1,146<br>-------------<br>**128,209**<br>105,676<br>-------------<br>**233,885**<br>-------------<br>237,458<br>1,343<br>-------------<br>238,801<br>-------------<br>0<br>**238,801**<br>-------------<br>**-4,916**<br>=======|**31.03.2022**<br>**Restricted**<br>£<br>262,603<br>390<br>1,534<br>-------------<br>**264,527**<br>79,292<br>-------------<br>**343,820**<br>-------------<br>310,795<br>3,108<br>-------------<br>313,903<br>-------------<br>25,020<br>**338,923**<br>-------------<br>**4,896**<br>=======|
|---|---|---|---|
|||||





## **ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE BALANCE SHEET AS AT 31 MARCH 2023** 

|**Fixed assets**<br>Fixtures and fittings<br>Flicks Equipment<br>**Current assets**<br>Debtors<br>Cash at Bank and in hand<br>**Creditors: Amounts falling**<br>**due within one year**<br>**Net Current Assets**<br>**Net Assets**<br>**Funds**<br>Restricted funds<br>Unrestricted funds<br>B/F Reserve Earnings<br>Current Year Earnings<br>**Total Funds**|**Notes**<br>**31.03.2023**<br>**31.03.2022**<br>£<br>£<br>£<br>£<br>5<br>412<br>812<br>5<br>20,744<br>25,744<br>---------<br>---------<br>**21,156**<br>**26,556**<br>6<br>17,826<br>23,674<br>97,753<br>111,546<br>---------<br>---------<br>**115,579**<br>**135,220**<br>**7**<br>**30,128**<br>**38,784**<br>---------<br>---------<br>**85,452**<br>**96,436**<br>---------<br>---------<br>**9**<br>**106,607**<br>**122,992**<br>=====<br>=====<br>26,435<br>26,406<br>77,036<br>91,533<br>---------<br>---------<br>**103,471**<br>**117,939**<br>8,052<br>157<br>-4,916<br>4,896<br>----------<br>----------<br>**106,607**<br>**122,992**<br>======<br>======|
|---|---|



## **P Graham** 

**Date: For and on behalf of the Managing Committee** 



## **ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023** 

## 1 **Accounting policies** 

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity's financial statements. 

## **Basis of accounting** 

The financial statements have been prepared in accordance with applicable accounting 

standards and follow recommendations in Statement of Recommended Practice: Accounting by Charities. 

## **Voluntary income and fundraising expenditure** 

Voluntary income represents amounts received and recorded at events and projects during the year. Except in the case of charity shops and fundraising events such as fetes and galas, no costs of fundraising have been netted against voluntary income. 

Fundraising expenditure represents the direct costs of fundraising and includes the salaries and other direct costs of fundraising staff. Publicity costs directly related to fundraising are included in the fundraising costs. 

## **Fees, contributions and grants** 

These comprise amounts receivable during the year. 

## **Investment income** 

This comprises interest received in the year. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings and Flicks equipment - 25% on reducing balance. 

## **Taxation** 

No provision has been made for corporation tax or deferred tax as the charitable company is a registered charity and is therefore exempt. 

## **Reserves** 

Reserve Funds are monies that have been set aside to cover unforeseen events such as equipment failures or renewals (Equipment Reserve), the major loss of funds (Stability Reserves) 

and a future fund to aid with broadening our income sources (Catalyst Reserves). A full reserves policy is available on request. 



## **ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023** 

|2|**Grants**|||
|---|---|---|---|
|||**31.03.2023**|**31.03.2022**|
|||**Restricted**|**Restricted**|
|||**Funds**|**Funds**|
|||£|£|
||Local government grants|150|5,167|
||Other grants|126,658|257,436|
|||----------|----------|
|||126,808|262,603|
|||======|======|
|**3**|**Investment income**|||
|||**31.03.2023**|**31.03.2022**|
|||**Restricted**|**Restricted**|
|||**Funds**|**Funds**|
|||£|£|
||Interest received|1,146|1,534|
|||=====|=====|



## 4 **Analysis of charitable expenditure** 

|||**Fundraising**|**Charitable**|**Governance**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Costs**|**Activities**|**Costs**|**31.03.2023**|**31.03.2022**|
|Artists fees|||83,931||83,931|127,213|
|Salaries|||109,610||109,610|103,793|
|Overheads|||10,050||10,050|9,463|
|Project costs|||27,272||27,272|62,032|
|Other expenses|||6,595|1,343|7,938|11,402|
||||----------||||
|||----------||----------|-----------|-----------|
||||-||||
|||0|237,458|1,343|238,801|313,903|
|||=====|======|=====|======|=====|
||**31.03.2022**|0|310,795|3,108|313,903||
|||=====|======|=====|======||





## **ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023** 

## 5 **Tangible fixed assets** 

|5|**Tangible fixed assets**|||||
|---|---|---|---|---|---|
|||**Fixtures**|**Flicks**|||
|||**& fittings**|**Equipment**|**Total**||
|||£||£||
||**Cost**|||||
||At 31 March 2022|17,916|157,286|175,202||
||Additions|||0||
||Disposals|||0||
|||---------|---------|---------||
||At 31 March 2023|17,916|157,286|175,202||
|||---------|---------|---------||
||**Depreciation**|||||
||At 31 March 2022|17,104|131,542|148,646||
||Charge for year|400|5,000|5,400||
||Eliminated on Disposals|||0||
|||---------|---------|---------||
||At 31 March 2023|17,504|136,542|154,046||
|||---------|---------|---------||
||**Net Book Value At 31 March 2023**|412|20,744|21,156||
|||====|=====|=====||
|6|**Debtors**|||||
||||**31.03.2023**||**31.03.2022**|
||||£||£|
||Trade debtors||17,826||23,674|
||Other debtors||0||0|
||||---------||---------|
||||17,826||23,674|
||||=====||=====|
|7|**Creditors: amounts falling due within one**|||||
||**year**|||||
||||**31.03.2023**||**31.03.2022**|
||||£||£|
||Trade creditors||23,734||18,610|
||Other creditors||(1,367)||(351)|
||Deferred Income||7,761||20,525|
||||---------||---------|
||||30,128||38,784|
||||=====||=====|





**ARTS ALIVE IN SHROPSHIRE AND HEREFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023** 

## 8 **Analysis net assets by fund** 

|**Analysis net assets by fund**|||||
|---|---|---|---|---|
||**31.03.2023**||**31.03.2022**||
||**Restricted**|**Total**|**Restricted**|**Total**|
|Fixed assets|21,156|21,156|26,556|26,556|
|Current assets|115,579|115,579|135,220|135,220|
|Current liabilities|(30,128)|(30,128)|(38,784)|(38,784)|
||----------|----------|----------|----------|
||106,607|106,607|122,992|122,992|
||======|======|======|======|
|Reserves to fund future depreciation|21,156|21,156|26,556|26,556|
|Other reserves|85,452|85,452|96,436|96,436|
||----------|----------|----------|----------|
||106,607|106,607|122,992|122,992|
||======|======|======|======|



## 9 **Trustees remuneration and expenses** 

No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any persons known to be connected to any of them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year. 

## 10 **Related party transactions** 

There were no related party transactions during the year.