Charity Number: 1191385
THE OLD WATERWORKS UNAUDITED FINANCIAL ACCOUNTS
YEAR ENDED
31 DECEMBER 2021
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| Trustees report | 1 |
| Independent examiner’s report | 3 |
| General (unrestricted) receipts and payments account | 4 |
| Survey Support Designated (unrestricted) receipts and payments account | 5 |
| How To Make A Bomb (restricted) receipts and payments account | 6 |
| Vanishing Point (restricted) receipts and payments account | 7 |
| Precarious Straits (restricted) receipts and payments account | 8 |
| Taking Space, Sharing Space, Taking Care (restricted) receipts and | |
| payments account | 9 |
| An English Garden: How To Make A Bomb – Estuary 2021 (restricted) | |
| receipts and payments account | 10 |
| Statement of assets and liabilities | 11 |
| Notes to the accounts | 12 |
PAGE 1
THE OLD WATERWORKS
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees have pleasure in submitting their report together with the accounts for the year ended 31 December 2021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Old Waterworks is a small charity registered with the Charity Commission on 21 September 2020 as a Foundation Charitable Incorporated Organisation registered number 1191385. It is governed by its constitution.
The registered office is North Road, Westcliff on Sea, Essex, SS0 7AB.
As a Foundation CIO, the trustees are the only voting members of the charity.
The maximum permitted number of trustees is eight. New trustees are appointed by a resolution passed at a properly convened meeting of the existing charity trustees. In selecting individuals for appointment as new trustees, the existing trustees are required to have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Other than the first trustees, appointment is for a term of three years.
TRUSTEES
The trustees who served the charity during the year were:
Elsa Thompson Chair appointed 22 March 2021 Michael Ekers Treasurer appointed 14 December 2021 Jasbir Dhillon appointed 14 December 2021 Mark Wilson appointed 14 December 2021 Claire Gallagher appointed 14 December 2021 Ellen Greig appointed 14 December 2021 David Watkins appointed 21 September 2020
OBJECTIVES AND ACTIVITIES
The objects of the charity are to provide arts and culture for the benefit of the public by:-
-
A. Creating high quality arts and cultural activities for Southend-on-Sea.
-
B. Contributing to the advancement of the arts and culture in the area by providing opportunities for Southend-on-Sea residents and visitors to become involved in arts and cultural activities.
-
C. Supporting the development of artists, particularly artists who face social and/or economic barriers to realising their potential.
During the year projects were undertaken with the Agency of Visible Women to provide residencies for artists as well as accessible art workshops for women and marginalised genders.
The Old Waterworks (TOW) also worked with Southend-based arts organisation The Other MA (TOMA) to produce an exhibition and series of workshops and events, including a care package sent to people with caring responsibilities or those otherwise unable to access arts and culture.
THE OLD WATERWORKS
PAGE 2
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 continued
OBJECTIVES AND ACTIVITIES continued
TOW also continued an ongoing durational gardening project centred on the propagation and redistribution of a nearly extinct species of garden rose. This included workshops, an exhibition, and an installation, with parts commissioned jointly with local arts organisations Focal Point Gallery and Metal Culture.
This year TOW published two new books which can be purchased via our website and provided thirteen studios to rent for local artists and creative organisations.
Further details of our projects and artists feedback are available in our information sheets and on our website at www.theoldwaterworks.com or join us on Facebook or Instagram @theoldwaterworks.
FINANCIAL REVIEW
The year to 31 December 2021 is the first year that the charity has been in operation as a CIO. Unrestricted reserves of £14,839 were carried forward at the end of the year and £9,197 in restricted reserves. The trustees are satisfied that the charity is on a sound footing and will be able to continue operating for the foreseeable future.
The reserves carried forward on the various restricted projects can only be used for those specific Projects and include funds received for those projects still held and transferred from the original TOW company.
PUBLIC BENEFIT
The trustees have complied with their duty to have due regard to the guidance on public benefit published by The Charity Commission in exercising their powers and duties.
The trustees would like to thank all the donors and referrers for their support during the year.
Michael Ekers Trustee on behalf of the board of trustees 25 October 2022
PAGE 3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OLD
WATERWORKS
FOR THE YEAR ENDED 31 DECEMBER 2021
I report on the accounts of The Old Waterworks for the year ended 31 December 2021 which comprise the receipts and payments account and statement of assets and liabilities set out on pages 4 to 12.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
61 London Road J A Griggs FCA Maidstone LEVICKS Kent Chartered Accountants & Business Advisers ME16 8TX
28 October 2022
PAGE 4
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021 GENERAL (UNRESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| INCOME Studio rents Venue hire Riso printing Book sales Transfer of closing company funds Events sales PAYMENTS Project staff Utilities Internet costs Insurance Cleaning and waste Fire and security Repairs and maintenance Communication and promotion Consultants Bank and Paypal charges Office expenses Consumables Transfer to Taking Space fund Balance carried forward as at 31 December 2021 |
£ 11,375 397 2,272 1,053 1,164 577 4,878 497 2,400 169 1,355 214 2,048 |
£ 13,820 825 228 355 25,283 2,727 43,238 28,399 14,839 |
|---|---|---|
The receipts and payments accounts were approved by the trustees on 25 October 2022.
Signed on behalf of the trustees:
Michael Ekers Elsa Thompson
PAGE 5
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021 SURVEY SUPPORT DESIGNATED (UNRESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| £ INCOME Contributed income – Metal Culture Balance carried forward as at 31 December 2021 |
£ 600 600 |
|---|---|
PAGE 6
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021 HOW TO MAKE A BOMB (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| INCOME Grants Transfer of closing company funds PAYMENTS Materials for workshops Printing, postage and stationery Materials for installation Balance carried forward as at 31 December 2021 |
£ 180 1,250 3,000 |
£ 2,500 3,452 5,952 4,430 1,522 |
|---|---|---|
PAGE 7
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021 VANISHING POINT (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| INCOME Transfer of closing company funds PAYMENTS Materials for workshops Workshop leader fees Production of Zine Seedling events Bee habitat and seedling share area Speaker fees and filming Travel and transport School workshops Balance carried forward as at 31 December 2021 |
£ 2,000 1,500 1,500 250 564 500 800 500 |
£ 8,698 7,614 1,084 |
|---|---|---|
PAGE 8
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021 PRECARIOUS STRAITS (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| INCOME Transfer of closing company funds Grants PAYMENTS Materials for workshops Printing, postage and stationery Workshop leader fees Exhibition fees Exhibition costs Balance carried forward as at 31 December 2021 |
£ 2,846 1,455 1,937 2,969 4,154 |
£ 8,618 5,200 13,818 13,361 457 |
|---|---|---|
PAGE 9
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021
TAKING SPACE, SHARING SPACE, TAKING CARE (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| INCOME Grants Transfer from unrestricted funds PAYMENTS Materials for workshops Workshop leader fees Travel and transport Facilitation fee RSL Interpreter Communication and promotion Refreshments Balance carried forward as at 31 December 2021 |
£ 2,397 3,675 65 6,844 1,000 1,500 67 |
£ 13,500 2,048 15,548 15,548 - |
|---|---|---|
PAGE 10
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021
AN ENGLISH GARDEN: HOW TO MAKE A BOMB – ESTUARY 2021 (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT
| INCOME Grants – An English Garden – Metal Culture PAYMENTS Materials for workshops Printing, postage and stationery Materials for installation Workshop leader fees Travel and transport Photographer Balance carried forward as at 31 December 2021 |
£ 1,151 3,398 5,618 4,500 150 1,049 |
£ 13,500 7,900 21,400 15,866 5,534 |
|---|---|---|
PAGE 11
THE OLD WATERWORKS STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021
ASSETS
Cash funds
| Unrestricted General Unrestricted Designated How To Make A Bomb Vanishing Point Balance at bank 12,772 600 1,522 1,084 Petty cash 44 - - - Paypal account 2,023 - - - 14,839 600 1,522 1,084 Assets retained for the Charity’s use stated at estimated current value Graphoscreen 400 - - AO Canon printer 500 - - Print making press 500 - - Sony cube TV 175 - - 5 Risograph drums 3,000 - - Risograph printer MZ 800 - - 2 Apple Mac desktops 300 - - |
Precarious Straits 457 - - 457 - - - - - - - |
Taking Space, Sharing Space, Taking Care - - - - - - - - - - - |
An English Garden 5,534 - - 5,534 - - - - - - - |
Total 21,969 44 2,023 24,036 400 500 500 175 3,000 800 300 |
|---|---|---|---|---|
PAGE 12
THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCOUNTS
-
1) The accounts have been prepared on the receipts and payments basis.
-
2) The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on the assets of the CIO.