2023-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report				2to11
Independent	Auditors' Report			12	to 14
Consolidated	Statement of Financial	Activities			15
Comparative	Consolidated Statement	of Financial	Activities
Consolidated	Balance Sheet				17
Balance Sheet					18
Consolidated	Statement ofCash Flows				19
Notes to the	Financial Statements			2Q	to 38

Statement o	fTotal	Reco	gnised Gain	s and Loss	es)
					Total	Total
			Unrestricted	Restricted	2023	2022
		Note	K
Income and Endowments		from:
Donations and legacies		3	49,818	363,370	413,188	2Q6,985
Charitable activities		4	591,981	184,630	776,611	1,701,358
Other trading activities		5	1,166,484		1,166,484
Other income		6	129,426		129,426	268,550
Total Income			1,937,709	548,000	2,485,709	2,176,893
Expenditure on:
Raising funds			(1,166,484)		(1,166,484)
Charitable activities			(1,051,946)	(705,005)	(1,756,951)	(2,500,985)
Total Expenditure			(2,218,430)	(7Q5,005)	{2,923,435)	(2,500,985)
Net expenditure			(280,721)	(157,005)	(437,726)	(324,092)
Transfers between	funds		(68,402)	68,402
Net movement in funds			(349,123)	(88,603)	{437,726)	(324,092)
Reconciliation offunds
Total funds brought	forward		449,008	189,121	638,129	962,221
Total funds carried	forward	20	99,885	10Q,518	200,403	638,129

Statement o	fTotal	Recogni	sed Gai	ns and Loss	es)
						Total
				Unrestricted	Restricted	2022
			Note
Income and Endowments		from:
Donations and legacies				50,287	156,698	206,985
Charitable activities				612,319	1,089,039	1,701,358
Other income				97,694	170,856	268,550
Total income				760,300	1,416,593	2,176,893
Expenditure on:
Charitable activities				(873,091)	~1,827,894)	(2,500,985)
Total expenditure				(873,091)	(1,627,894)	(2,500,985)
Net expenditure Transfers between	funds			(112,791) 353,237	(211,301) ~353,237)	(324,092)
Net movement in funds				240,446	(564,538)	(324,092)
Reconciliation of	funds
Total funds brought	forward			208,562	753,659	962,221
Total funds carried	forward		20	449,008	189,121	638,129

				2023	2022
				f.
Fixed assets
Tangible assets			15	34,699	57,961
Current assets
Debtors			17	817,683	854,662
Cash at bank and	in	hand	18	266,846	306,449
				1,084,529	1,161,111
Creditors: Amounts		fatling due within one year	19	918,825)	(580,943)
Net current assets				165,704	580,168
Net assets				200,403	638,129
Funds ofthe group:
Restricted income funds
Restricted funds			20	100,518	189,121
Unrestricted income funds
Unrestricted funds				99,885	449,008
Total funds			20	200,403	638,129

Balance She	et	as at 31 March 2023
				2023
			Note
Fixed assets
Tangible assets				34,699	57,961
Current assets
Debtors			17	660,257	864,662
Cash at bank and	in hand		18	230,394	296,449
				890,651	1,161,111
Creditors: Amounts		falling due within one year	19	(724,947)	(580,943)
Net current assets				165,704	580,168
Net assets				200,403	638,129
Funds ofthe charity:
Restricted income funds
Restricted funds			20	100,518	189,'121
Unrestricted income		funds
Unrestricted funds				99,885	449,008
Total funds			20	200,403	638,129

March	2023
						2023
					Note
Cash flows from operating		activities
Net cash	expenditure					(437,726)	(324,092)
Adjustments to cash flows		from non-cash		items
Depreciation						24,555	12,694
						(413,171)	(311,398)
Working	capital adjustments
Decreasel(increase) in debtors					17	36,979	(390,981)
Increase	in creditors				19	188,714	171,834
increase	in deferred income					149,168	146,895
Net cash	flows from operating		activities			(38,310)	(383,650)
Caslh flows from investing		activities
Purchase	oftangible fixed assets					(1,293)	(62,481)
Net decrease in cash and cash equivalents						(39,603)	(446,131)
Cash and	cash equivalents	at	1 April			306,449	752,580
Cash and	cash equivalents	at	31 March			266,846	306,449

3 Income	f	rom	donations	and legacies
					Unrestricted
					'funds	Restricted	Total
					General	funds E	2023 f
Donations	and legacies;
Donations		from	companies,	trusts and similar
proceeds					29,818	12,584	42,402
Grants, including			capital grants;
Grants						350,786	350,786
Gifts in kind					20,000		20,000
					49,818	363,370	413,188
					Unrestricted
					funds	Restricted	Total
					General	funds	2022
					f.	F
Donations	and legacies;
Donations		from	companies,	trusts and similar
proceeds					18,17T	300	18,477
Grants, including			capital grants;
Corionavirus		Job Retention		Scheme		13,064	13,064
Grants					12,110	143,334	155,444
Gifts in kind					20,000		20,000
					50,287	156,698	206,985

Income	from ch	aritable activities
			Unrestricted
			funds	Restricted	Total
			General	funds	2023
National	Portfolio	Organisation	591,981		591,981
Venue Programme				70,431	70,431
National	Partners	Programme		39,699	39,699
Ambition	for Excellence			?4,500	74,500
			591,981	184,630	7T6,611

			Unrestricted
			funds	Restricted	Total
			General	funds	2022
National	Portfolio	Organisation	612,319	298,000	910,319
Great Places				45,Q36	45,036
Venue	Programme			492„625	492,625
Coastal	Communities			123,490	123,490
National	Partners	Programme		122,353	122,353
Citywide				7,535	7,535
			612,319	1,089,039	1,701,358

5	Income from other trading activities	Income from other trading activities
			Unrestricted
			funds	Total
			General	2023
			F
Trading		income
	Events	income	1,166,484	1,166,484
			1,166,484	1,166,484
6	Other	income

		Unrestricted
		funds	Total
		General	2023
Fees,and supplies		129,426	129,426
	Unrestricted
	funds	Restricted	Total
	General	funds	2022
Fees,and supplies	9?,694	168,856	266,550
Rental income		2,00Q	2,000
	9?,694	170,856	268,550

			Unrestricted
			funds	Total
			General	funds
Trading	subsidiary	costs	1,166,484	1,166,484
Total for 2023			1,166,484	1,166,484

				Unrestricted
						Total	Total
				General	Restricted f	2023	2022
Ambition	for	Excellence			162,307	162,307	284,238
Venue Programme				892,349	420,295	1,312,644	1,687,656
Great Places							61,654
Citywide	Programme				22,092	22,092
National	Partners		Programme		98,749	98,749	243,369
Citywide							1,405
Coastal	Communities				1,562	1,562	95,598
Governance		costs	(note 7)	159,597		159,597	127,065
				1,051,946	705,005	1,756,951	2,500,985
					Unrestricted
					funds	Restricted	Total
					General	funds	2022
Ambition	for	Excellence				284,238	284,238
Venue Programme					746,026	941,630	1,687,656
Great Places						61,654	61,654
National	Partners		Programme			243,369	243,369
Citywide						1,405	1,405
Coastal	Communities					95,598	95,598
Governance		costs	(note 7)		127,065		127,065
					873,091	1,627,894	2,500,985

Governance	costs
			Unrestricted
			funds	Total
			General	funds
Audit fees
Audit ofthe	financial statements		13,750	13,750
Marketing and publicity			48,549	48,549
Depreciation,	amortisation	and other similar costs	24,555	24,555
Other governance costs			72,743	72,743
Total for 2023			159,59?	159,597
Total for 2022			127,065	127,065
10 Net incomingloutgoing		resources
Net outgoing	resources for	the year include:
			2023	2022
Audit fees			13,750	7,000
Depreciation	of fixed assets		24,555	5,826

12Staff costs The aggregate payroll costs were as follows:
	2023	2022
Staff costs during the year were:
Wages and salaries	802,647	620,531
Social security costs	71,691	56,381
Pension costs	18,406	13,746
	892,744	690,658

by the group durin	g the year expressed as full time e	quivalents was as follows:
		2023		2022
		No		No
Managerial			5
Officers (including	casual staff)		49
			54

s was:
2023	2022
No	No

13Auditors' remuneration
	2023	2022
Audit of the financial statements	13,750	7,000
Otheir fees to auditors
All other non-audit services	3,000	9,535

Group
	ITequipment	Total
Cost
At 1 April 2022	84,064	84,064
Additions	1,293	1,293
At 31 March 2023	85,357	85,357
Depr1eciation
At 1 April 2022	26,103	26,103
Charge for the year	24,555	24,555
At 31 March 2Q23	50,658	50,658
Net book value
At 31 March 2Q23	34,699	34,699
At 31 March 2022	57,961	57,961
Charity
	IT equipment	Total
Cost
At 1 April 2022	84,064	84,064
Additions	1,293	1,293
At 31 March 2023	85,35?	85,357
Depreciation
At 1 April 2022	26,103	26,103
Charge for the year	24,555	24,555
At 31 March 2023	50,658	5Q,658
Net book value
At 31 March 2023	34,699	34,699
At 31 March 2022	57,961	57,961

		Country of	Country of		Proportion	ofvoting	Principal
Undertaking		incorporation		Holding	rights and	shares held	activity
					2023	2022
Subsidiary	undertakings
Sunderland Culture Trading Limited		United	Kingdom	By Guarantee	100la	100%	Support activities performing	to
							arts

17Debtors
	Group		Charity
	2023	2022	2023	2022
			R
Trade debtors	106,328	18,185	77,461	18,185
Due from group undertakings				10,000
Prepayments	23,062	24,738	11,426	24,?38
Accrued income	639,846	784,282	494,633	784,282
VAT recoverable	12,687	9,169	40,977	9,169
Other debtors	35,760	18,288	35,760	18,288
	817,683	854,662	660,257	864,662

			Group		Charity
			2023	2022	2023	2022
					F	f.
Cash	on	hand	1,382	5,312		5,312
Cash	at	bank	265,464	301,137	230,394	291,137
			266,846	306,449	230,394	296,449

19Creditors: amounts	19Creditors: amounts	19Creditors: amounts	falling	due within one	year
					Group		Charity
				2023		2022	2023 K	2022f
Trade creditors				489,708		219,592	445,719	219,592
Due to group undertakings							168,415
Other taxation and	social
security				18,782		18,968	18,782	18,968
VAT grant repayable				3,732
Accruals				110,540		195,488	57,676	195,488
Deferred income				296,063		146,895	34,355	146,895
				918,825		580,943	724,947	580,943
Deferred income
Grouip
							2023	2022
Deferired income at		1 April 2022					146,895
Resources deferred		in the period					296,063	146,895
Amounts released	from previous			periods			(146,895)
Deferred income at		year	end				296,063	146,895
Charity
							2023	2022f
Deferred income at		1 April 2022					146,895
Resources deferred		in the period					34,355	146,895
Amounts released	from previous			periods			(146,895)
Deferred income at		year end					34,355	146,895

Group
	Balance at				Balance at
	1 April	Incoming	Resources		31 March
	2022	resources	expended	Transfers	2023
			F
Unrestricted funds
General
Generai	449,008	771,225	(1,051,946)	(68,402)	99,885
Trading company		1.166,484	~1,166,484
	449,008	1,937,709	(2,218,430)	(68,402)	99,885
Restricted funds
Glass Exchange	45,000	?4,500	(162,307)	42,807
Great Place Programme		(2,700)		2,700
Citywide Programme		77,275	(22,092)		55,183
Coastal Communitites
Programme			(1,562)	1,562
National Partners
Pro,gramme	56,000	39,699	(98,749)	3,050
Venue Programme	88,121	359,226	(420,295)	18,283	45,335
Total restricted funds	189,121	548,000	(705,005)	68,402	100,518
Total funds	638,129	2,485,?09	~(2,923,435		200,403

Notes to the Financ 2023	ial Stateme	ial Stateme	nts for th	e Year End	ed 31 Ma	rch	rch
	Balance at					Balance at
	1	April	Incoming	Resources		31	March
	2021		resources f	expended	Transfers	2022
Unrestricted funds
General
General	208,562		760,300	(873,091)	353,237	449,008
Restricted funds
Glass Exchange		31,238	298,000	(284,238)			45,QOQ
Great Place Programme		6,636	45,036	(61,654)	9,982
Citywide Programme		18,317	?,535	{1,405)	(24,447)
Coastal Communitites
Programme		9,643	123,490	{95,599)	(37,534)
National Partners
Programme	129,547		122,353	(243,369)	47,469		56,000
Venue Programme	558,278		820,179	(941,629)	(348,70?)		88,121
Total restricted funds	753,659		1,416,593	{1,627,894)	(353,23?)	189,121
Total funds	962,221		2,176,893	(2,500,985)		638,129
Charity
	Balance at					Balance at
	1 April		Incoming	Resources		31 March
		2022	resources	expended	Transfers		2023
					R
Unrestricted funds
General
General	449,008		771,225	(1,051,946)	(68,402)		99,885
Reatricted funda
Glass Exchange		45,000	74,5QO	(162,307)	42,807
Great Place Programme			{2,?00)		2,700
Citywide Programme			77,275	(22,092)			55,183
Coastal Communities
Programme				(1,562)	1,562
National Partners
Programme		56,000	39,699	(98,749)	3,050
Venue Programme		88,121	359,226	(420,295)	18,283		45,335
Total restricted funds		189,121	548,000	(705,005)	68,402		100,518
Total funds		636,129	1,319,225	(1,756,951)			200,403

2023
	Balance at				Balance at
	1 April	Incoming	Resources		31 March
	2021	resources	expended	Transfers	2022
Unrestricted funds
General
General	208,562	760,300	(873,091)	353,237	449,008
Restricted funds
Glass Exchange	31,238	298,000	(284,238)		45,000
Great Place Programme	6,636	45,036	(61,654)	9,982
Citywide Programme	18,317	7,535	(1,405)	(24,44?)
Coastal Communities
Programme	9,643	123,490	(95,599)	(37,534)
National Partners
Programme	129,547	122,353	(243,369)	47,469	56,000
Venue Programme	558,278	820,179	(941,629)	(348,707)	88,121
Total restricted funds	753,659	1,416,593	(1,627,894)	(353,237)	189,121
Total funds	962,221	2,176,893	~2,500,985)	-	638,129

Group
		Unrestricted
		General	Restricted	Total funds
Tangible	fixed assets	34,699		34,699
Net current assets/(liabilities)		65,186	'l00,518	165,704
Total net	assets	99,885	100,518	200,403
		Unrestricted
				Total funds
				at 31 March
		General	Restricted	2022
		F		E
Tangible	fixed assets	57,961		57,961
Net current assets/(liabilities)		391,047	189,121	580,168
Total net	assets	449,008	'l89,121	638,129
Charity
		Unrestricted
		General	Restricted	Total funds f
Tangible	fixed assets	34,699		34,699
Net current assets/(liabilities)		65,186	100,518	165,704
Total net	assets	99,885	100,518	200,403
		Unrestricted
				Total funds
				at 31 March
		General	Restricted	2022
		f.
Tangible	fixed assets	57,961		57,961
Net current assets/(liabilities)		391,047	189,121	580,168
Total net	assets	449,008	189,121	638,129

22 Analysis ofne	t funds
Group
		At 1 April	Financing	At 31 March
		2022	cash flows	2023
Cash at bank and	in hand	306,449	(39,603	266,846
Net funds		306,449	39,603	266,846

Notes to the Financial State 2023	ments for the Year	Ended 31 M	arch
	At 1 April	Financing	At 31 INarch
	2021	cash flows	2022
Cash at bank and in hand	752,580	(446,131	306,449
Net funds	752,580	(446,131)	306,449