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.