CHARITY REGISTRATION NUMBER.. 1189046 Wyldwood Arts CIO Unaudited Financial Statements 31 December 2020 HARPER SHELDON LIMITED Chartered accountants Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL516TQ Wyldwood Arts CIO Financial Statements Year ended 31 December 2020 Page Trustees, annual report (incorporating the directols reporti Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements Wyldwood Arts CIO Trustees, Annual Report Ilncorporating the Director's Report Year ended 31 December 2020 The trustees, who are also the dire¢lors for the purposes of company law, present their report and the unaudited financial slalemenls of the charily for the year ended 31 December 2020. Rèference and administrative delalls Registered charity name Wyldwood Arts CIO Charity registration numb&r 1189046 Prlncipal office and reglst&rod Belle Vue Centre office Sl. Annals HoLJse 6 Belle Vue Road Cinderford Gloucestershire GL14 2A8 England Thè trustees T Allison Dr J Mccormack R Chapman (Appointed 7 February 20201 (Appointed 6 February 20201 (Appointed 6 February 20201 Ind&p8ndent examiner Harper Sheldon Limited Stratgglc report The Trustees, Annual Report is appended as a separate document using the Charity Commission lemplale. The trustees, annual report and the strategic report were approveof on on behalf of the board of trustees by.. 3010912021 and signed R Chapman Trustee Wyldwood Arts CIO Independent Examiner's Report to the Trustees of Wyldwood Arts CIO Year ended 31 December 2020 I report lo the Iruslees on my examination of the financlal slalemenls of Wyldwood Arts CIO I'lhe charily'l for the year ended 31 De¢ember 2020. Rèsponsibilities and basis of rèport As the ¢harily Iruslees of the CIO you a￿ responsible for the preparation of the accounts in accordance with the requiiemenis of the Charities Act 20111'lhe Act'l. I report in respect of my examination of the CIO'S accounts carried out under secfjon 145 of the Act. In Carrying out my examination I have followed all applicable Diieclions given by the Charity Commission under section 14515llbl ol the 2011 Act. Independent examiner's stat8mont I have completed my exarninalion. I confirFn that no material mallers have come lo my allenlion in connection with the examination giving me cause lo believe that in any material respect.. 1. Accounting re¢ords were not kepl as required by section 130 of the Act., or 2. The accounts do not ac￿rd with those re¢ords. I confirrn that there are no maller lo which your attention Should be drawn to enable a proper understanding of the accounts to be reached. Harper Sheldon Limited InLlependenl Examiner Midway House Stsverton Technology Park Herrick Way, Staverton Cheltenham, Glou¢esler8hire GL51 6TQ Wyldwood Arts CIO statement of Financial Activities (including income and expenditure account) Year ended 31 December 2020 2020 Reslricled funds Total funds Unrestricted funds Note Income and endowmènts Donations and legacies Investment income 7,000 103,979 110,979 Total income 7,000 103,987 110,987 Expenditure Expenditure on raising funds.. Gosls of raising donations and legacies Expenditure on charitable a¢livilies Totsl gxponditure 17,709 83,170 17,709 83.170 100,879 100.879 N&t Income and net movement in funds 7,000 3,108 10,108 Rèconciliation of funds Total funds brought forward Total funds ¢arri&d forward 7,000 3,108 10,108 The statement of financial activities includes all gains and losses ￿COgniSed in the year. All in¢ome and expenditure derive from continuing aclivilies. The notes on pageg 6 to 11 form part of th&5e flnanclal statements. Wyldwood Arts CIO Statement of Financial Position 31 December 2020 2020 Note Current assets Deblois Cash al bank and in hand 11 4,535 61,095 65,630 Crgdltors: amounts falling due within on8 yaar N&t ¢urrent assets 12 55.522 10,108 Total assets less current Ilabilities 10,108 Not assets 10,108 Funds of the ¢harity Restricted funds Unreslricled funds 3,108 7,000 Total charity funds 15 10,108 For the year ending 31 December 2020 the charity was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating to small Companies. Dlreclors, responsibllllies.. The members have not required the company lo oblaln an audit of ils financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act th respect lo acoounling records and the preparation of financial stalemenls. These financial stotemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of Iruslees and aulhorised for issue on 3010912021 and are signed on behalf of the board by.. R Chapman Trustee The notes on pages 6 to 11 fomi part of these financial statements. Wyldwood Arts CIO ststement of Cash Flows Year ended 31 December 2020 2020 Cash flows from operating activities Nel income 10,108 Adjuslrn&nls for.. other inleiesl re￿IV3b1e and similar income Accrued expenses 181 1,055 Changes in.. Trade and other debtors Trade and other creditors 14.5351 54,467 Cash generated from operations 61.087 Interest received Nel cash from operatlng activities 61,095 Net increase In cash and cash equlvalènts Cash and ¢ash equivalents at beglnning of year Cash and cash aquivalents at end of y8ar 61,095 61,095 The notss on pages 6 to 11 fomi part of these finan¢lal Statements. Wyldwood Arts CIO Notes to the Financial Statements Year ended 31 December 2020 General informatlon The charity is a public benefit enlily and a private company limited by guarantee, registered in Englalld and Wales and a registered charity in England and Wales. The address of the registered office is Belle Vue Cenlre, Sl. Annals HoLJse, 6 Belle Vue Road, Cinderford, Gloucestershire, GL14 2AB, England. Statemènt of compliance These financial s131emenls have been prepared in Compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practi¢e applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies A¢1 2006. Accounting polici95 Basis of praparatlon The financial statements have been prepared on the historical cost basis, as modified by the evaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are PTepared in sterling, which is the functional currency of the entity. Goin9 conc&m There are no material un¢ertainfjes about the charity's ability lo continue. Fund accounting Unreslri¢led funds are available for use al the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Iruslees for particular lulure project or ¢ommilmenl. Reslri¢ted funds are subjected lo reslri¢lic>ns on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds. Wyldwood Arts CIO Notes to the Financial Statements (Conllnue Year ended 31 December 2020 Accounting pollcles (¢ontinuedl Incoming resources All incorning resources are included in the slalemenl of financial activities when enlillemenl has passed to the charity.. it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of enlillemenl lo the gift, receipt is probable and ils amount Gan be measured reliably. legacy income is ￿ cognised when receipt is probable and enlillemenl is established. Income from donated goods is measured 81 the fair value of the goods unless thi8 IS impractical to measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recogni5ed in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslri¢led funds unless there is a CDnlractual requirement for it lo be spent on a particular purpose and relumed if unspent, in which case il may be regarded as restricted. Resources èxpanded Expenditure is recognised on an accruals basis as a liability is incurred. ExpendiluTe Includes any VAT which cannot be fully recovered, and is classrfied under headings of the slalement of financial activities lo which il relates-. expenditure on raising funds includes the costs of all fundraising activities, events. non-charilable trading activities, and the sale of donated goods. expendlture on charitable activities includes all costs incurred by a ¢harily in undertaking activities that further ils charitable airns for the benefit of ils beneficiaries, including those support costs and costs relaling lo the goveman¢e of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the Charity nor part of ils expenditure on charitable aclivilies. Al costs are allocated to expenditure c81egories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the aclivities they conlrlbule to on a reasonable, jusliligble and consistent basis. Government grants Govemment grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply ￿Nth the conditions attaching to them and the grants will be received. Wyldwood Arts CIO Notes to the Financial Statements (¢onllnue Year ended 31 Docember 2020 Accounting policlas f¢oJJtlnuedl Governmènt grants (continued) Vlthere the grant does not impose specrfied fLJlure performance-relaled conditions on the recipient, il is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-relaled conditions on the recipient, it is recognised in in¢ome only when the performance-relaled conditions have been met. Where grants received are prior lo satisfying the revenue recognition criteria, they are recognised as a Financlal instruments A financial asset or a financial liability is recognised only when the charity becomes a paty lo the contractual provlslons of the inslrumenl. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current as5els and current Ilabilities are subsequently measLJred al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently rneasured at amortised cost. Where investments In shares are publicly traded or their fair value can olhe*wse be measured reliably, the investment is subsequently measured at fair value with changes in fair value recogni5ed in income and expenditure. All other such investments are subsequenlly measured at cost less impairment. Other financial instruments, in¢luding derivatives, are initially recognised al fair value, unles5 payment for an asset is deferred beyond normal business terms or financed al a rale of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rale of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value, with any changes recognised in the slalement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured al Cost or amortised Cost are reviewed for objective eviden¢e of impairment al the end of each reporting dale. If there is objec,live evidence of impairment, an impairment loss is recognised under the appiopriate heading in the statement of financial activities in which the initial gain was recognised. For all equity Instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar ¢redil risk characteristics. Any reversa15 of impairment are recognised immediately, lo the exlenl that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the Impairment not previously been re¢ognised. Wyldwood Arts CIO Notes to the Financial Statements (¢onlinued) Year ended 31 December 2020 Donations and lègacies Unrestricted Funds Reslricled Total Funds Funds 2020 Donatlons Mi5G Donations Grateful Society The Courtyard Trust Barnwood Trust St Monica Ttusl The Hub Fair Furlong Primary School Keziah Dance Theatre 3,858 3,858 7,000 14,881 1.500 130 320 1.735 117 7,000 14.881 1.500 130 320 1,735 117 Grants Gloucestershire CommLJnity Fund The Woodward Charitable Trust Gloucestershire Disability fund ACE Children In Need Forestry Commission 2,500 1,000 1,000 60,982 7,181 8,775 2,500 1,000 1,000 60,982 7,181 8,775 7.000 103,979 110.979 Investment income Restricted Total Fund5 Funds 2020 Bank interest receivable Costs of raising donatlons and legacies Restricted Total Funds Funds 2020 Costs of raising donations and legacAes- Grants receivable 17,709 17,709 Expanditure on charitable activitie5 by fund type Reslricled Total Funds Funds 2020 Delivery costs Support costs 81,672 1.498 81,672 1,498 83,170 83.170 Wyldwood Arts CIO Notes to the Financial Statements (contlnued) Year ended 31 December 2020 Expendlture on charitable activities by actlvlty type Activities undertaken diieclly Support Costs Total funds 2020 Delivery costs Governance costs 81,672 81,872 1,498 1,498 81,672 1.498 83.170 Indepèndent examination fèes 2020 Fees payable to the independent examiner for.. Independent examination of the financial statements 570 10. Trust88 remuneration and expenses Trustees re¢eived no remuneration frorn the charity. 11. Debtors 2020 Trade debtors 4,535 12. Creditors: amounts falling due wlthln onè year 2020 Trade ¢reditors Accruals and deferred income 910 54,612 55,522 13. Deferred income 2020 Al 1 January 2020 Amount released lo income Amount deferred in year At31 December 2020 39,495 (39,4951 53,557 53,557 10 Wyldwood Arts CIO Notes to the Financial Statements {¢onllnued) Year ended 31 December 2020 14. Government grants The amounts recognised in the financial statements for government grants are as follows.. 2020 Recognised in c￿d￿OrS.. Deferred government grants due within one year 53,557 15. Analysis of charitable funds Unrestrlctsd funds Al l January 202 At 31 Decèmber 2020 Income Expenditure General funds 7,000 7.000 Restrlcted funds Al l January 202 At 31 Docember 2020 Income Expenditure Resliicled Fund 1 103,987 1100,8791 3,108 16. Analysis of net assets between funds Unreslricled Funds Reslricled Total Funds Funds 2020 Current assets Creditors less than 1 year Net assets 65,630 111,9651 53,665 65,630 155.5221 10,108 143.5571 143,5571 17. Analysis of changes in net dobt At At 1 Jan 2020 Cash flows 31 Dec 2020 Cash at bank and in hand 61.095 61,095 18. Rglated partles Idwood Arts CIO took over the assets and liabilities of Wyldwood Arts CIC following the granting of charitable status 11 CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From: 01 January 2020 To.. 31 December 2020 Charlty name: Wyldwood Arts Charity registration number:1189046 Objectives and Activities SORP rele￿ryCe Summary of the purp05e5 of the eharlty as set out in its governinÈ document Para 1.17 Provide services to the community which promote5 and encourages the engagement Sn the arts and crafts through events, participatory projects and performances enhancing and providing health and well-being to communities and participants of all ages. Enable creative encounters for communitie5 and individuals from across the southwest. and beyond. Summary of the main actlvltles in relation to those purpose5 for the public benefit, in particular, the activities, projects or services identified in the accounts. Parè1.17￿￿ J.19 Specialise In intergenerational work that provide therapeutic and educatlonal benefits that are tailored to individual and group needs, ensuring everyone has access to a high-quality artistic experience. Work wlth older people, those with speclal educational need5, children and young people from disadvantaged backgrounds, and people in rural areas to bring arts to them. Co51aborate wlth local artists and those early in their career to develop an applied practice approach working with educational establishments, arts org3nlSations, and groups whose mission allgn with ours. Statement confirmlng whether the trustees have had regard to the guidance issued by the Charity Commi55ion on public benefit Par? 1.18 The Wyldwood trustees have received thè guidance i55ued by the Charity Commission on publi¢ benefit Addltional Informatlon loptlonall You may choose to include further statewents where relevant about.. SORP