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Sterts Arts and Enviornmental Centre 1189424
Receipts and payments accounts CC16a
For the period 11/05/2020 31/12/2020
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
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A2 Asset and investment sales,
(see table).
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A3 Payments
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A4 Asset and investment
purchases, (see table)
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Total payments - - - - -
Net of receipts/(payments) - - - - -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end - - - - -
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## **Section B Statement of assets and liabilities at the end of the period**
**Unrestricted Restricted Endowment funds funds funds**
**Categories**
**Details**
CCXX R1 accounts (SS)
15/11/2021
1
|Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**_Total cash funds_**
**Details**
**Details**
**Details**
Signature
ALISON FENN|**to nearest £**
**to nearest £**
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**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
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**Fund to which**
**asset belongs**
**Cost (optional)**
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**asset belongs**
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**Fund to which**
**liability relates**
**Amount due**
**(optional)**
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Print Name
A. FENN|**to nearest £**
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||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
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**Current value**
**(optional)**
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**Current value**
**(optional)**
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**When due**
**(optional)**
Date of
approval
11/11/2021|
CCXX R2 accounts (SS)
15/11/2021
2
## **Trustees’ Annual Report for the period**
## **From: 11 May 2020**
## **To: 31 December 2020**
## **Charity name: Sterts Arts and Environmental Centre**
## **Charity registration number: 1189424**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Sterts Arts and Environmental Centre is a
regional charitable incorporated
organisation providing community arts and
education to people from all over the South
West. With a legacy dating back to 1983 we
are now one of the UK's most unusual
theatrical settings: a four hundred seat
amphitheatre nestling on the grassy side of
Bodmin Moor, in the open Cornish air yet
protected from summer rain by a massive
canopy.
Our charitable aims are set out as:
•
Maintaining and managing Sterts
Theatre
•
Providing educational opportunities
and facilities/promoting public
interest in the dramatic and related
arts
The charitable incorporated organisation
and its property are managed and
administered
by
the
Council
of
Management who are also the trustees.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The principal objectives of the centre are to
educate the public in the arts and sciences,
particularly the art and science of drama.
To achieve these objectives the centre
engages in a number of activities which
include:
•
Maintaining and managing
Sterts Theatre, a unique outdoor
theatre;
•
Presenting a programme of
public performances, concerts
and other arts events;|
|||•
Promoting public interest in the
dramatic arts and related arts;
and
•
Providing educational
opportunities and facilities in the
field of dramatic and related arts.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Taking into account the above objectives
and activities, the trustees have concluded
that the charitable incorporated
organisation meets the public benefit
requirement because:
1. The benefits that arise from the
charitable incorporated
organisations aims are that:
-
The CIO is able to educate the
public in the arts and sciences
and
-
The CIO is able to provide
educational opportunities and
facilities in the field of dramatic
and related arts;
2. The charitable incorporated
organisation aims intend to benefit
the public generally;
3. There are no restrictions on who
can have the opportunity to benefit;
and
4. Nobody receives any private benefit
from the CIO.
The trustees have given careful
consideration to the Charity Commission’s
general guidance on public benefit.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38||
|Policy on social investment
including program related
investment|Para 1.38|The Trustees aim is to become fnancially
self-suffcient, with minimal recourse to
public funding. However, the Trustees also
recognise the vital importance of setting
prices at affordable levels so that economic
deprivation is less of a barrier to engaging
in the arts and gaining from being involved
in the creative opportunities that Sterts is
offering. It is important to recognise not
only the need for cultural provision in South
East Cornwall but also the contribution that
cultural activity makes to the local
economy.|
||||
|---|---|---|
|Contribution made by
volunteers|Para 1.38|CIO was dormant in the period ended 31
December 2020.|
|Other|||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Sterts was a registered charity
(unincorporated) with the Charity’s
Commission and Companies house for the
y/e 31 December 2020 ref no 297973.
During this period the charity was also
registered as a charitable incorporated
organisation (CIO) however the CIO
remained dormant for the period ending 31
December 2020 pending transfer of all
assets from the unincorporated charity. The
latter remained active and trading.
The assets were transferred on 25th
January 2021 and the merger of the two
organisations registered on 9thAugust 2021
and 293973 removed from the register. The
year ending 31st December 2021 will
require a full set of accounts with the
trading activity reported.
As the CIO remained dormant during the
reporting period there were no
achievements to identity as this was
covered within the trading charity’s work.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|As the charitable incorporated organisation
was dormant from 11 May 2020 to 31
December 2020 there are no financial
transactions to report on.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|As the charitable incorporated organisation
was dormant from 11 May 2020 to 31
December 2020 there are no reserves
currently held. However, from 9 August
2021 after the transfer of funds from the
charity this will then change to the
following:
The charitable incorporated organisation
funds are mostly invested in the tangible
fixed assets of the charity and therefore it
has no free reserves. However, it is the
trustees' policy to maintain net assets, at a
figure approximately equal to 6 months
overhead expenditure in the period ended
31 December 2020. At this level, the
trustees feel they would be able to carry on
the charity's activities in the event of a
significant fall in funding.
It is the policy of the charity that
unrestricted funds which have not been
designated for a specific use should be
maintained at a level equivalent to between
three and six-month’s expenditure. The
trustees consider that reserves at this level
will ensure that, in the event of a significant
drop in funding, they will be able to
continue the current activities while
consideration is given to ways in which
additional funds may be raised. This level of
reserves has been maintained throughout
the period.
The charity has assessed the major risks to
which they are exposed, and are satisfied
that systems are in place to mitigate
exposure to the major risks.|
|Amount of reserves held|Para 1.22||
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The trustees have a duty to identify and
review the risks to which the charity is
exposed and to ensure appropriate controls|
are in place to provide reasonable assurance against fraud and error.
## **Additional information (optional)**
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The charitable incorporated organisation
looks to appoint as trustees, candidates
with relevant skills and experience and a
keen interest in the objects of the charity.
Suitable candidates are sought principally
through networking.
The trustees are elected by the members at
the Annual General Meeting. Each of the
trustees must retire with effect from the
conclusion of the annual general meeting
three years after his or her appointment,
but is eligible for re- election at that annual
general meeting. The trustees elect the
officers of the charitable incorporated
organisation (chair, treasurer, secretary)
from among their number.
The trustees may delegate any of their
powers or functions to a committee of two
or more trustees, but the terms of any such
delegation must be recorded in the minute
book and must include the terms that: no
expenditure may be incurred on behalf of
the charitable incorporated organisation
except in accordance with a budget
previously agreed with the trustees; and all
acts and proceedings of the committee
must be fully and promptly reported to the
trustees.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other
## **Reference and Administrative details**
|Charity name|Sterts Arts and Environmental Centre|
|---|---|
|Other name the charity uses|Sterts|
|Registered charity number|1189424|
|Charity’s principal address|Sterts Arts and Environmental Centre
Upton Cross
Liskeard
Cornwall
PL14 5AZ|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Claire Victoria
Fishleigh||||
||Ruth James||||
||Anne Patricia Perry||||
||Alison Jane Fenn||||
||Dr Stephen
Bowcott Jefferies||||
||Dreena Anne
Haycock Whale||||
||Ruth Chudley||||
||CAROL ANN
MORSE||||
||Sally Jane Daulton||||
||Ruth Boyles||||
||Ann Elisabeth Gray||||
||||||
||||||
||||||
||||||
||||||
||||||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
Declaraiions
trustees declare that they have approved the trustees. report above.
Signed on behalf of the charitys trustees
Signaturels)
Full name(sl
Position (eg Secretary.
Chair. •t¢)
CHA,
Date