Charity Number: 1191385
## **THE OLD WATERWORKS UNAUDITED FINANCIAL ACCOUNTS**
## **YEAR ENDED**
## **31 DECEMBER 2023**
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023**
## **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|
|Ace Development Project receipts and payments account|11|
|Statement of assets and liabilities|12|
|Notes to the accounts|14|
**PAGE 1**
## **THE OLD WATERWORKS**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees have pleasure in submitting their report together with the accounts for the year ended 31 December 2023.
## 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:
Mark Wilson Acting Chair (appointed 7/11/23) Elsa James Chair (1/1/23 – 7/11/23) Michael Ekers Treasurer Jasbir Dhillon Claire Gallagher Ellen Greig David Watkins Adedamola Adeosun appointed 5/12/23
## STAFFING
TOW said goodbye to Warren Harper as co-director at the end of 2022. TOWs directorship was overseen solely by Ruth Jones in 2023.
## 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.
**PAGE 2**
**THE OLD WATERWORKS**
**TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 continued**
## OBJECTIVES AND ACTIVITIES continued
During the year funding from Pluto Press for a programme of events and activities was secured between TOW and The Other MA, to be delivered in 2024. TOW hosted an open studio event over this period and delivered 5 studio artist pop-up exhibitions. TOW published one new book this year, which subsequently sold out. This year TOW increased its provision for studio artists again in the form of desk space, with one new space member starting at the beginning of the period and continues to provide studio space for 14 local artists and creative organisations. TOW added an additional membership holder for the dark room.
TOW offered venue hire for a number of short and long-term agreements to local organisations and creatives. Additionally, TOW supported open access to our risograph and screen-printing facilities again this year.
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 2023 is the third year that the charity has been in operation as a CIO. Unrestricted reserves of £23,904 were carried forward at the end of the year and £10,814 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.
Claire Gallagher Trustee on behalf of the board of trustees
27 October 2024
**PAGE 3**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OLD**
## **WATERWORKS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
I report on the accounts of The Old Waterworks for the year ended 31 December 2023 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
29 October 2024
**PAGE 4**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 GENERAL (UNRESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**INCOME**
Studio rents
Venue hire
Riso printing
Book sales
Transfer of closing company funds
Events sales, workshops and seminars
Fundraising
Project management fees
Rates grant
Interest received
**PAYMENTS**
Project staff
9,050
Utilities
583
Internet costs
5,395
Insurance
1,791
Cleaning and waste
2,250
Fire and security
174
Repairs and maintenance
1,560
Communication and promotion
160
Bank, paypal and event site charges
71
Office expenses
964
Consumables
243
Studio artist
-
Donation
-
Ace bottles
-
Sundry expenses
96
Venue and event staffing
2,090
Accountancy fees
-
Equipment
414
Net surplus/(deficit)
Transfers to restricted funds
Balance brought forward as at 31 December 2022
Balance carried forward as at 31 December 2023|**£**
21,709
681
193
436
-
1,799
-
-
-
55
24,873
24,841
32
(1,705)
24,977
23,304|**2022**
**£**
**£**
20,668
8,565
960
1,828
2,543
1,685
200
1,500
4,000
30
41,979
16,460
485
4,068
1,650
1,968
466
2,023
-
123
128
178
95
50
68
1,575
1,490
576
268
31,671
10,308
(170)
14,839
24,977|
|---|---|---|
The receipts and payments accounts were approved by the trustees on 27 October 2024. Signed on behalf of the trustees:
Michael Ekers and Claire Gallagher
**PAGE 5**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 SURVEY SUPPORT DESIGNATED (UNRESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**INCOME**
Contributed income – Metal Culture
Balance brought forward as at 31 December 2022
Balance carried forward as at 31 December 2023|**2023**
**£**
-
600
600|**2022**
**£**
-|
|---|---|---|
|||600|
|||600|
**PAGE 6**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 HOW TO MAKE A BOMB (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**£**
**INCOME**
Grants
-
Transfer of closing company funds
-
-
**PAYMENTS**
Materials for workshops
-
Printing, postage and stationery
-
Materials for installation
-
Cleaning
-
Project staff
-
Photography
-
Captions
-
Tip of the Iceberg
-
Sundry
-
Public engagement
-
Repairs and maintenance
-
-
Net surplus/(deficit)
-
Transfer from unrestricted fund
-
Balance brought forward as at 31 December 2022
-
Balance carried forward as at 31 December 2023
-|**2022**
**£**
**£**
-
-
-
-
-
-
93
400
400
150
75
91
297
31
1,537
(1,537)
15
1,522
-|
|---|---|
**PAGE 7**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 VANISHING POINT (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**£**
**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
-
Project staff
-
Sign writing
-
Repairs and maintenance
-
Office expenses
-
Public engagement
-
-
Net surplus/(deficit)
-
Balance brought forward as at 31 December 2022
125
Balance carried forward as at 31 December 2023
125|**2022**
**£**
**£**
-
-
-
-
-
-
-
-
-
150
290
363
62
94
959
(959)
1,084
125|
|---|---|
**PAGE 8**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 PRECARIOUS STRAITS (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**£**
**INCOME**
Transfer of closing company funds
-
Grants
-
Final project costs
-
-
**PAYMENTS**
Materials for workshops
-
Printing, postage and stationery
-
Workshop leader fees
-
Exhibition fees
-
Exhibition costs
-
Bank charges
-
Utilities
-
Riso
-
-
Net surplus/(deficit)
-
Balance brought forward as at 31 December 2022
936
Balance carried forward as at 31 December 2023
936|**2022**
**£**
**£**
-
-
937
937
-
239
-
-
-
8
44
167
458
479
457
936|**2022**
**£**
**£**
-
-
937
937
-
239
-
-
-
8
44
167
458
479
457
936|
|---|---|---|
|||937
458|
|||479
457|
|||936|
**PAGE 9**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 AN ENGLISH GARDEN: HOW TO MAKE A BOMB – ESTUARY 2021 (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**£**
**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
-
Project staff
-
SCC contribution
-
Cleaning and recycling
-
Garden care
-
Office expenses
-
Repairs and maintenance
-
Public engagement
-
-
Net surplus/(deficit)
-
Transfer from unrestricted fund
-
Balance brought forward as at 31 December 2022
-
Balance carried forward as at 31 December 2023
-|**2022**
**£**
**£**
-
-
-
-
18
-
-
-
-
600
4,499
115
307
88
50
12
5,689
(5,689)
155
5,534
-|
|---|---|
**PAGE 10**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 DEVELOPMENT PROJECT RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**INCOME**
Grants
**PAYMENTS**
Project staff
2,000
Artistic spending
880
Care package, material and post
400
Website restructure design
-
Public moments
-
Consulting
-
Mentors fees
-
Riso sessions
-
Marketing costs
200
Printing costs
-
General expenses
121
Workshop and seminars
702
Net surplus (deficit)
Transfer from unrestricted reserves
Balance brought forward as at 31 December 2022
Balance carried forward as at 31 December 2023||**£**
3,000
4,303
(1,303)
1,705
(402)
-|**2022**
**£**
**£**
27,000
11,000
8,340
200
2,462
218
1,700
800
600
1,200
150
162
570
27,402
(402)
-
-
(402)|**2022**
**£**
**£**
27,000
11,000
8,340
200
2,462
218
1,700
800
600
1,200
150
162
570
27,402
(402)
-
-
(402)|
|---|---|---|---|---|
|||||(402)
-
-
(402)|
||||||
**PAGE 11**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 PLUTO WORKSHOP PROJECT (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2023**
**£**
**£**
**INCOME**
Grants
10,000
**PAYMENTS**
Materials for workshops
-
Workshop leader fees
-
Travel and transport
247
Facilitation fee
-
RSL Interpreter
-
Communication and promotion
-
Refreshments
-
247
Net surplus/(deficit)
9,753
Transfer from unrestricted fund
-
Balance brought forward as at 31 December 2022
-
Balance carried forward as at 31 December 2023
9,753|**2022**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|**2022**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|---|
|||-
-
-|
|||-|
**PAGE 12**
## **THE OLD WATERWORKS STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023**
## **ASSETS**
Cash funds
|Balance at bank
Petty cash
Paypal account|**Unrestricted**
**General**
23,206
98
-
23,304|**Unrestricted**
**Designated**
600
-
-
600|**Vanishing**
**Point**
125
-
-
125|**Precarious**
**Straits**
936
-
-
936|**Development**
**Project**
**Pluto**
**Workshop**
**Project**
-
9,753
-
-
-
-
-
9,753|**Total**
34,620
98
-|
|---|---|---|---|---|---|---|
|||||||34,718|
## **AS AT 31 DECEMBER 2022**
## **ASSETS**
Cash funds
|Balance at bank
Petty cash
Paypal account|**Unrestricted**
**General**
24,901
44
32
24,977|**Unrestricted**
**Designated**
600
-
-
600|**Vanishing**
**Point**
125
-
-
125|**Precarious**
**Straits**
936
-
-
936|**Development**
**Project**
**Pluto**
**Workshop**
**Project**
(402)
-
-
-
-
-
(402)
-|**Total**
26,160
44
32|
|---|---|---|---|---|---|---|
|||||||26,236|
**PAGE 13**
## **THE OLD WATERWORKS STATEMENT OF ASSETS AND LIABILITIES CONTINUED AS AT 31 DECEMBER 2023**
## **Assets retained for the Charity's use stated at estimated current value – All assets are held in the unrestricted fund**
## **£**
|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|
|Pressure washer|75|
|Guillotine|193|
|Lamps|234|
|Ladder|180|
**PAGE 14**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2023 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.
- 3) The final tranche of funds amounting to £3,000 for the Development Project was received during the year. Expenses were incurred ahead of receipt of these monies and consequently the fund had a negative balance brought forward into 2023.