REGISTERED CHARITY NUMBER.. 1189424 of Trns and Unaudit1 Fl nts for th• Yoar E r 2023 C•ntr• ATC Ad¥isrMs charte A¢¢tantS Unit 2 Dwheved Cwrt Pennygllam Way LAUNCESTON PL15 7ED
rts Arts and Envlron Contsnts of th• Flnanelal Stat•m• for the Year Ended 316t mb•r 2023 Pag• ROrt of th• Trusl••g Ind•pnd•nt Examln•rfs R•wl statsmènt of FSnan¢ll A¢lfvrfl•s Stat•m•nt of FIDan¢141 Posltlon Statsm•nt of C•sh Flows 10 N¢11 to th• Flnandal Stat•ments 12 to 20 D•trll•d Slatsm•nt of Flnan¢lal 411 21 10 22
n UK RtyutitoflrnL)J (FRS I2) leffe£trn 1 3)19). {r8gi5twed d)8rity rthknr. 293973). <wE1¥E$ ANO ACTIVlllES Oblé¢ttTAS and alm8 (Xjr charl18b avng afe 8e¢ oul . MaintrinYvJ man•3in9 Stwts TW• Charftablo obJoGts . ProrTr)b'rvJ publ interest drmiK arts arwi r4th18rt8 . hite9rnkd wNh our k)cal ¢LYwwty. Sterts has a pro1 past a¥J is ID¥•J of th8 surrourbth'TrJ areos, so . To onablts as many Feepfe as p)sstlot ?yri8rK8 arKI be . To eagWfth plw8 both arti51 rthola11D de¥eky txJrturalstr• forsECoffTr, . To mnwni5e tyjr r•Cw0 to pubk bl1 a suthn4e I9., . To erKQuraYOuThJ pewe lo deveky artffjts rapxlrts li al ' Putsllc beng 1. The berfits that ¥e fr(m thariV$ we al Thg charity 15 able to e(kKate Ihe wbk in the * a1 Voluni••rn The m4ority c4 cTrsi18 tAsks. from sellwb3 tirets to nrl¥j b¥, strKpm9 pwde lo their Seat ar keepirvJ m sala on site. selling drinks or ts c¥eans the interva arKI afteff a thow. is 1 m8nawl by a b ol ynteerS. SX•ts YOeerS Ln arou1 15.thj pw an 8nwiat nurthr alw a pendry. frJndrai5ry events. mannrng OLW d85k eath Tp, ckanTrJ e*. of tasks WKlertaken tty Nr4wrteers is
-lL'_ 2017.22. GMI 1.. A rw•m C)812. A Wat• to Ir Go#1 &. A plac•to rxe Go81 S.. ArA& ofgKM debts. ar¥J wi Th) part Ih8 fcdJ•arbx ol th8 has ant that st&ts stul hara. Al outslaTh thity jr$ th• 8trucbJre It thè xl 41 Is hfe but lo l• li had o gr•¥1 nJM at . ty (*Jnl sol h•J to r•wTary fv 58atsy to W anotw 40
Tho oth•r ts¥o bJs we an ¥ttemO to lal le86tl th ryd k) fv bufthg fimd. TIK9 firsl was for of St8rts Thèair• was TraI$n$#b . that thèrB o a nJ h rf it wasnl hèrn. htrw it ill èam its way. Bnd $0 kjrlh. A gr•at grnp of way sma hyjrs ¥) onè off by d8adliM. It is The 8ec(rfbJ of Ihe was b) corr811. but s¥1 up C£rfTwnu[brt Ohe forn Bre8B by lh8 Eur4an Un). It Wa5 a rnh hadw and a smaler nv)My. for she t¥oW an ntelecti1 rvxjur and ueatI ¥ch rwnl she wl do a c(tsrent rner. My thanks kn the eXIded team that IxivY Seuetsry Sarah P1 rnysdf #) wl th? tiKI t¢gets. lanAln ccffling knm the n{ bJJ. a so&J make ft¥Jre notse than a len( or that an LW theatre bwjats tew But e W to take IW iowty h¢hiect GrJory l(•tsish rtrdesYJn&l it so Ihat there LS a go1 acouti twjt excess sour¥J 85capirvJ ts ralucaj a5 rrxth as possknkn. A rtsw, purpos8-bult theatre ubj p1j th S, Nral 8etbw OUrablty. Ibxilty ermrcfflmental ffla'r b8 01 ts h80rt of Ihe n. Ihe will te b) 5pth cr8th ryinathjn in a¢0$, WaLlionws, parbupants. th8 Ccfnmunrty. fundiThJ enatts the ch trj rlse the )bn8 set out in a fi¥vyear bu8irws Fdan. fediTrJ that the c(rnw¥ty Stwt8. It 15 a ¥Kant wwj dy1¢ gro cl pkn, JI ¥ith a Ilelem)ination vdunto? ¥¥ity in and the s. so I d8lb3ht&J ID rgpat ihat arB Ihrough Iho dt And thAt has a bry •xclig fijlurn ah••J tl us. V4b shfAI b• abl• to stt ntr fir7¢•81 y•w of was grnal regrnt that I to gNè rtotrè blal I tm chw for a short ts"m• as a NKk Hart FMNCIAL REWEW Fknanclal poslllon •yw)diturn in tho y•ar wd•J 31st OKwntr 21Q3. at th15 I. fv truses leel tsy Ix Jlo kn carry on the £742.918. reseNes at knl ill erwre Ihal. in the cl a strwiknt thop in mdir¥& ihey wil be ablg to o)Thtinue the teen nWnlaw1 thrCVJhC the perJd. Golw CO¢M reswr(*s to tsjntinuè Hi operabond $t th• fr)r•s••th bJr&. Tms triiit••s ti)nliw to •Jopi thè go&vJ
14 ill O) ty. . L•amirfj aTrJ thsc•¥ery at P•tOf• th) As of wr thlaurK, sdt up Slts Thèth. tha¢ los 8el wl aj ts vthcly th¥n tr*JiThJ wm ol dY•ttus of the CIC {who arn al Is rwmbws) we fry Iho bJal cé the CIC in att•rd
fw Erthd J1st DIG•nt2II In aOYltin to the ol ts thee. the Truslpes hm oblwwl ad(h?nal SPF artI Trrt)ney of £fy),IYXJ &7wards the rtrbuikl of the cale arKI events area of ts cler on tyjr . Thi5 wil irrfj tha wKorne of the CIC 8i%led by an •lmknvJtratorfr ttR aR robs Go¥•mlng d0M•nt tru8tegs.The tru5te85 arn eknl&J by the at Ihe Annual GlaS Meeb"rrfJ (Afjll. Each ol the trustees must f8br8 Iwth èffett ol ts AGM aftw apFothnl. tArt is eb3ilJle lor rwlèsion at Jhat AGM. truslee8 e(a ofts ¢Jwty lthw. trlTer. 8•1 frrm Thrwj their nyrtw. on behalf of the excw n a0ra vMlh a with ts trL,' wd 81 acls and Icioi. Rlk manag•m•Tht jntrds are in to re880rbkts a8suwK• tr•hd •rrty. ReFERENCE AND ADMINISTRAnVE DETAILS R•glst•r8d Charfty nnbOr 1189424 PrfncFpal a¢ldrM• Upton Crc46 Li6kea¥d Corrfwal PL14 &4Z M8 I ChYb8rn (r•8 11.4231 A MSIL% Ir8sgn8d 17.8231 N Hart liesigl 28.11.231 S Spak¢ Ms B Stritklats MSSL MS K 8ralsford R N8Wton.Chant* Iwntsd 17.&23} Ms S L F¥m Iwoint•d 19.10.23} D Sturrc£k lapwntwj 11.4.23) Ms J Oant E Hun18r (resigr 20.124) Ind•p•ndgn¢ ExamlnBr Sarah Gay FCAIACCA ATC Athi¥ow Ut 2 tnhl Cwt Pennygdlam UNCESTON Comwall PL15 7ED
¥.*...7•.... ¥#J 9r•J (ffi l&l)thaifby.'
I reJ>Jt to Ihe drity trustees exatiOn 8ccwnts of St8rt% Arfs and EnVKCwn Certrè Itl Trust) for R•opoTh•lANtl•s ond b¥ gf v•port uireTrwts rfth• cl¥r?820ll fvrfl. I t8rt in rBSFd c rny •xninathi of tt TNsfs atcomts Sectsn 145 and l) cwilYJ ¢yJt my exanina) I IH¥e lc4y al iutle ttyeClK uThler Sec4b)n 14q51(bl of Ind•p•nd•nl •xamln•f •lat•m•nt that l am qualffbl to Lmderlake the exanyThation t•x8 I a Cthartsrgj i•¢c4untsnts in accouThling not k4)t in rwAof•*TnAtas SttAw)n Of A¢ or Sarah Gay F¢AcG1 ATC Athsors Lknit2 LKmhoved Court PennygAlam Way LAUNCESTON PL15 7ED
forth• Y•Br J22 Total nd• 4COME AND EIID¢hYIIS FROM 37,050 137268 1,997 32>.721 329.721 10. To 414 T21.9 239,710 R#tsing fur5 12,185 221.1 181.750 359,024 (119.314) rotal fiJr*Js browJMfoMwd 170.1185 247.924 367.238 TOTAL FUNDS CARRIED FORWARD 337MO 741910 2d7,9Z4
Fhbe 315t funds FLXED ASSETS assets 14 37.M• 271,752 CURRENT ASSErs 15 16 125 4674 213.343 125 3H674 213.343 Lkbtor5 Cash at bank and in hwY 23,466 12,741 211143 3DO.000 514142 cREToRs nts WliTrJ (kPwIth 17 131.116) 112S.4121 NET CURRENT ASSETS 300.009 487.026 188.6131 337.91• 265,652 CREDrroRS 18 115M• 117,n81 NEfASSETS 3370 741•18 247.W24 FiINDS 404008 337.910 170.C65 77,859 TOTAL FUNDS 742.910 247,924 .13tL..Aw...2Qt.. and on its boha¥ty'. Dont-
24ns 111285} 15.607) Inlergstpab I1692) 142J87) (7.362) (42A07) 17.362) Naw loarts in ye 15.IXQ {1.575) I17••) I171) 13.425 Chang• In ¢a•h aryl c••h •4thial•nl* lft th• rnportlog perkxl Cash and ¢tsh •tth• b•glnnh4 of th• r•portlng wlod {10.8291 11741 C88h and ea•h •qufvAl•rt• atth• af th• 1343 12.741 P•Je 10
Ilcly to th• St•t•m•nl olG••h Acn¥iTIES Nat Inconltexpondlture) lortho rqportknJ p•vhxl (•• pvll stst•m•nt of FInan¢1 A¢tl¥ltlo1) Adjustnnts lor. (119,3141 18h68 100N32 rJ.824 403 S,607 2541 117.915) Loss on dF<o01 offwj aso•ls Irrtere5t paKI 467 (281208) (.154) IrKr•ase in dobtws cash provldod byl(uMd In) 111.2851 ANALYSS OF CHANOES W NEf (DEBTVFUNDS Al 1.1.tJ Cash IIJAT At 31.12.23 Not Ca6h Cash albar and in haNI 117111 213J43 11741 213,343 Dtsbts fahYJ 1 Cbts falry dw after 1 y (17.f 521 (17,7281 14142 .Moi 115,8801 (34MOI 17.IMO (17,8701 Ttmal 217.612 19S473 PJ9e li
8J•t• of pre1n4 th• fftmnclal l•m Reporti sdard arWie4bl• in th• UK arnl ol WelaTh1 IFRS 102) l•ff•dpM 1 Janwy 20191,, FingrKial T911>1• fix•d •u•ts Ffaow proFerty T10 12
ACCOiAITING PoLfIES.n1lnU0d P•nslon ¢08ts and oth•r po8tq•tlrnm•nt b•n•fft• l)onat•d goods aml 8•rvl¢•s urKlwstartd¥ of tha avaqablè to e be reli ¢Wa through tr ¢>3n$kleial"on ofan cpen market 9x¥Js or• r•cg)gni#•J a$ Thwi DONATIONS AND LElEs 2022 16.928 301.750 13,728 23.322 31&m 37.OSO 2023 2022 TfJ4vn Gwncl 1.750 1.5 19.155 301.750 23,322 2022 Fundrnklng •¥ts Caterir¥J and cafv inn 261 24.415 20.634 10.653 re of c8ntre facilrtiBS 3,692 vesTMeNT Ko¥e 2022 Inkrest ReceNa P•Jo 13
137.368 Fu8 4720 11.084 201 FwKlr•siThJ gJ5ts SJ20 11165 C(ts (we c051s (sè T¢*l& •n 111, 221.168 132 161.374 735 1.337 2.221 179.967 SUPPORTCOSTS Tot815 161304 171, Fknanc• 1747 1.819 4691 Page 14
Mot•s to the Finandal Statom•nts- ConU•d 1s D•c•m r 2023 SUPPORT COSTS- cont11md Oth•r 2023 Charllabl& 2022 Total 41A62 8,512 1.417 SUkontractg Pensions Rates water Insurance Light and h Telephone Postage aKI SIOnery Sundrie OepreoatM)n of tangible fNed assets L0$5 on sale of taThible fixed assets CompLrter costs Clean9 R8prs Nie•MIs 3,476 11.961 4,929 1.129 672 1.231 16.468 108.432 8.852 3,399 3.339 8.186 1.038 871 4.095 23.824 403 9391 162.304 158.302 Gov•mano ¢0•ts Z023 Chwitable 2022 Tolal A¢countancy Profess4onal fees 9110 2.999 6,834 3M99 10. TRUSTEES. REMUIERATION AND BENEFITS The were no truslees. remunerèlity) c benefi1¥ fty the •xled 31$1 Decembw 2023 nor for thè year ended 31st Ottsmbèr 2. Tru•tM•' •xp•nM• There were no Iruslees. expen the year ended 31st Dexember 2023 nor for Ihe ye¥ ended 31st Decwnber 2022. 11. STAFF COSTS 2023 2022 Wages and salwies Social security costs Other pension costs (1.5841 41.462 8.512 1.417 (1.5841 51,391 The 8Yorage m¢ty number ofwi4tyes (knMvJ was as fdlm.. 2023 2022 Management and admnstralir Pap 15 ¢ontinued...
Arts arbd E tat•m&rrts. conlIn the Y•Jr En 12. COMPARATIVES FOR THE STATEIIENT OF FWIAMCIAL ACTivrrEs Unr•slrthAI knd Restsicted Totsl fund8 INCOME AND ENDOWMENTS FR011 Donalions and lega$ 15,115 21.935 37.050 Charabh •Gtlvltl•• Chaiitabl¢ A¢tV4ibes 137. 137,368 0th8rtrng ac11v¢S Investment in¢(xne Other in¢om 54.223 132 54.355 10.936 10.936 Tot•1 217,643 239.710 EXPENDrruRE OM Raswig ItyMI$ 12.165 12,165 Charfthl>lo 4¢11¥tt1 Charbtable Activrt 307.422 39.437 T¢)tsl 319.587 39.437 359.024 NEf IMC(¥AEIIEXPENOITUAE) (101,944) (17.37ry) (9,$42) (119.3141 N•t mowm•Tht In P6.912> (119.3141 RECONCIUATION OF Fllla>S Total fuTrJs b[h1 &y¥d 2S2.467 104.771 367,238 170.C65 77.859 247.924 13. INDEPEMDENT E¥AMINER REMUNERATION 2023 2022 AnneY goo TTr Cl*'ms 1.080 144 14. OTHER INCOME Iluded in other Ir in 2m is dawn of É329.721 •1 respe(l of the canopy th•t wa$ damaged beY(d ryr had to bo reTh¥Jved. Pa98 16
Not•s to th• Flnanclal Stat•monts- contlnu•d lor th• Y•ar End•d 31st I)•Mb&r 2023 15. TANGIBLE FIXED ASSErs Fthiur8$ and fitt*vJs Frg¢h¢)Id property Tolal$ COST At 151 January 2023 Addibons Di$po$a 635.512 42.387 P42.5631 53.730 689,242 42.387 (281,5211 {38,95B) At 3181 D•eember 2023 435.336 14T12 450,10e DEPRECIATION Al 1$¢ January 21Y23 Charge for Eliminated on (fisp08 292.765 13.589 1136.9241 42.212 2,879 (36,1651 334,977 18,468 (173,(189) Af 31st December 2023 169.430 8.926 178.356 NET BOOK VALUE Al 3151 December 2023 265.900 271.752 At 3181 December 2022 342,747 11,518 354.265 16. STOCKS 2023 2022 Sloca8 125 592 17. DEBTORS: AIIOUNTS FALUNG DUE WIThIN ONE YEAR 2023 22 Trade debtors Oiher d8btLYS Prepayments 915 303.120 21.767 304.674 23.466 18. CREDITORS: AMOUNTS FALUNG DUE IMTHIN ONE YEAR 2023 2022 Trade creditors Taxation and social secwKy Other creditors 24.716 88.997 385 36.030 31,116 125.412 Page 17 con15n...
Nol•s to th• Fl al tat•m•nts. ontlnu r tho Yr End•d 31st D•c•mb 19. CREDITORS: AIAOUNTS FALUMG DUE AFTER MORE THAN OI YEAR 2023 2022 Cther ¢rethtors 14880 17.728 20. LOANS An 518 ofts rnalurity of10 is giTr bekn•r. 2023 21Y22 knounts falling one yo¥ othor loans 1010 17.152 Amcwnts falling due be*hwn wd fNe Cther loans- 2-5 yws 148611 17.728 21. MOVEMENT IN FUNDS At1.1.23 nds 31.12.23 Lknrn•lrfct•d fvndl General fwKI 170.06S 231943 405M08 Carw)py Fund lund New Box Office New thopy Fund Sl¢rts Singers COF FWKI 43.956 143.950) 31.586 1212 19761 5,289 30.610 6.501 300,000 31Jo,IMIO 77.859 260,051 337.910 TOTAL FUNDS 247.924 741918 IncLJni Resources Movem&nt in lunds Unr••trl¢l•d fvnds General knd 41(693 (181.750) 24J43 Canopy Fund Hub fund Ne Box OffKe New Canopy Fund sterts &'ngeTS COF Fund (43.956) 12661 1976) 143.956 12fj6 1976 5.289 140) 300.00 4289 305.289 1442301 260,051 TOTAL FUNDS 721J82 (226.988 Page18 conlnued...
Notss to th• Flnanclal Statem•nts- contiNed 1st 21. MOVEMENT IN FUNDS- cixrtlnu•d Compwatl¥es for mov•m•nt In fund¥ Transfers nwent belween in funds funds At 31.12.22 At 1.122 Unrn$trletsd funds Gew¥l (101.944) 9.542 170.065 R•strlcl•d fvndl Canopy Fund Hubfvnd New Box Office New Canopy Fund Slerts SirT8 The Beast (12.128) I3.7) (9761 1.212 43.956 1.065 31.588 1,212 40 14.217 32.562 (9,356) 11,7221 {1 104.771 (17.3701 (9.542) 77.859 TOTAL FUK)S 387238 1119,3141 247.924 Inc4yNro Rescwrus IAovement in ftmds Unr•8trlct•d ldI General fund 217.643 1319.587) (101.9441 R•$trl¢t•d ftbnd8 Canopy Hub lund New Box Office Ll$keard Tcthn cjnc11- Lifvi RhJ Arts Councl FUling New Canopy Fund Slerts Sir4JeT3 The Beast {12.128) (3,796) (976) (1,500) {19.155) (12,1281 13,7961 (9761 19.155 1.212 2 1,212 40 11.7221 11fj01 (1.722) 22.7 139.4371 117,3701 TOTAL FUNDS 239.710 {359.1r241 {119.3141 Can A new thèatre Canopy was purchas8d in the year ended 301h Septemter 2014. funded by grnnts and donations. This bala• has radue8d to nil durin9 Ihe year due lo irreparat4e storm dJe arose on th& canopy The hub fvnd represents recepMI in L¥der to ¥¢t up a ccMnmw¥ty hub al sle lo prnwde ft>r the local mral communities (M) Ihe Southem Flank ol BLN1nNn Moor. These funds were reced thr(h grants and crowdlundlng Ihrouohout 2020 and 2021 have been utlrsed in ftll years. Thè remaining balAnc ropr85811ts the nat tKJok Val of cIna eqlnI wwchased for Ihe hub. This is being released from the re$tricled fuThJ through deprecmtion. New Box ffice Grants tolalling £33,538 received thè rJea¢My) of a n• Offi arnl adjolnlng thawJing FAa¢es facilities from Comwal Countyl •KI the Claire Mln8 Trust. funds ha beért fuly Lrtllisèd the facllilies téing offityalty opon in Juty 2021. The bo18n¢o 1$ b8irvJ released from the tride fvnd through depre¢ialion. Page19 ¢on¢inwl...
to th• Fln r End•d 3 énts . contln mr 2023 21. MOVEMENT IN FUNDS- coThtlnu•d Dal)r lotolling £6.689 were received dw#i9 th• lo rce the CapY TAthkh has been remov 4$ abovè. The full balae on Ihi8 hJnd has bo ulthsed toward5 the cost of the planning application and fe•$. Th1$ in A donation was in the prewm lh• b•1 of Slerts &npr¥. The remainirvj balance of£40 wa$ utili8ed in the yeartoard$ the cost of a keYt plaprto CompanY Sterts Singern dwing a perfomwKe. Fun During the year. the ¢haiity receId cc¥ffinnaiion of entrUeThnl lo £300.{ in wants from COF. being £50.Crf)) tvwards revenu& èxwdilure and £250.(KM) ltrward$ caphal eypendblwe relakng to f¢building Slerls. RELATED PARTY DISCLOSURES
D•t•ll•d Slat•m•nt of Flnantial Aetl¥lti•s INCOME AND ENDObYMENTS Donatlon$ l•gacl•s Donations and Gbfts Grants 16.928 3D1.750 13,728 23.322 318,678 37.OSO Oth•rtradlng a¢tl¥l¢l•8 FundTai5iny entS Caterirtg and ¢af¢ ii¢ome Memberships Hire of centre fa¢ilrties Other incoThwng resource¥ 261 4.381 10.653 8.773 5,031 3.048 24.415 20.634 3.692 54.355 Inv•slm•nt Incom• Interest Receivable 1.997 Charftaljle actlvltl•s Theatrical perfomian¢o$ 42.487 137.368 Oth•r In¢om• Insuranc• daims 329.721 10.936 Total kn¢omlng r•SoUrl 721.982 239,710 EXPENDtruRE Othor trading a¢tlvlll•$ Bar and kiosk purchasgs Fundfalglng costs 4.720 600 11. 201 5.320 12.165 charItab adl¥l¢l•¥ Advèrtising Produ¢tion costs Hall hlre Dona1ion$ Credit card chwges 343 42.658 13,280 161.374 2.853 239 2.221 1.337 $0,073 179.7 8upport Costs Fknan Bank ¢harges Loan interesl 2.747 1.819 4.691 Wages Carried fLMward 11.584) 11.$84) 41,462 41,462 Pap 21
D•talknd Y•ar E Flnanclal ActltAII•8 1 t D•e•mb•r 2 2022 Bro1 fcThard 11,S841 41,462 8.512 1,417 Pens¢ons Rates and wat•r Insurance Light and heat Td•ph Postage and slalw)Iwy Sundries Freehold property Fixtures and fitbngs L056 on sal* of tsntible [ed •$88ts Comwter ¢osts Cleaning R¥palTS rene•MI8 3870 11,961 4.929 1.129 672 1.231 13.589 2.879 108N32 8.852 3,399 4,451 8.186 1,038 871 4,095 19,986 3,838 403 9,291 49.726 162.304 158.302 Aecounta Professional fees 6.834 Tol4 resources expend•d 359.024 N•t IwAmthll•ypondliur•) (119.314) Page 22