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|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|
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|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|
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|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|
##
##
##
##
##