REGISTERED CHARITY NIIMBER., IJ93774 REPORT OF THE TRUSTEES AND UNAUDITED FINANCJAL STATEMENTS FOR I¥UNEATON ARTS CIO Arm5tron8S Charter¢d Acwuntanis ond Tax Advisors Gethin House 36 Bond Street Nuneaton Warwickshire CVI14DA
I¥UNEATOIY ARTS CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3] MAY 2025 P8ge Report of the Tn)stee$ I to 3 St#temtDt of Trustees, Responsibilities Independent Examkner's Rep)rt Statement of Finantil Activiti BglRDce Sheet Notes to tbt Vinneial StatemeDts 8 to 14 Detail¢d lle¢llt of Finallclal A¢¢lvhles 15 to 16
NUNEATON ARTS CIO REPORT OF THE TRUSTEES FOR THE YEAR EJ¥DED 31 MAY 2025 Th¢ trwstees present their report with th¢ fjnincial statements of the ¢harity for th¢ year ended 31 May 2025. Th¢ trustees have adoplcd the proYis*)¥Js of Accounting and Reporting by Charities: Ststement of Recommended Practi¢¢ applicable lo chariti preparing their accounts in aceordan¢¢ with th¢ Financial Reporting Stsndard app]ib]e in the UK athd Republic of Ireland ffRS 102) (effective l January 2019). OBJECTIVES AND ACTIVTfiES ObJettlve5 Activltles The Objects of Nuncalon Arts are "to advdn¢¢ education in th¢ arts w those $dIng in the borou) of Nuneaton and Bedwonh aod the surrounding areas in particular. btst not ¢x¢lusivcly. through the provision of publtc concert4 dramatie perfomince4 r¢¢itals. art ¢xhibttions. lectures, art festivals and any oiher art events ihat advances the edu¢atioTh in the Nutjeaton Arts 0rateS th¢ Abb¢y Theatre, which provides perfomiing #nd rehearsal faciliti¢s for local wups involyed in pt¢s¢ntin8 music and drama in Nun¢aton. Hire costs ar¢ kept to an sbsolute minimLtm, and a ti¢red tariff is designed to fvdvour lo¢ai arnateurgroups over ¢OMmerci ¢nterpri5e5 &Thd professional us¢rs. It) addition lo the basic facilities, we afso offer trainin8 and assistance to user groups with produ¢tiOD desi8n, set desigli, $¢1 buildin& lighting aDd sound Ih¢se are all provided by our voluntee. rnostly witTrK>Ut char8e. We have for m8ny years been involved with oth¢r groups in knsting competitive events - the Nuneaton Festival of Arts is an example of this. We also promote ¢v¢nts ours¢lv¢& to ext¢nd th¢ variety of dratllatic. eomic and musical cnlertainment available I0¢Ay. PbIle benefit In shaping our obje¢tive5 and planning our a¢tiviti¢s. the trusie¢s have nsIdered th¢ Charity Commission's guidan on publi¢ benefit, including the guidance 'publi¢ benefit.. running a ¢barity (PB2)'. Nuneaton Arts relres on grants and th¢ income from f¢¢s and charges to cover its operating wsts. Affordability and a¢Ge55 lo our programme is important to us aDd is reflected in our pri¢ing poli¢y. ACHIEVEMENTS AND PERFORMANCE Achievements, P¢rfonnane¢ And Future Plan8 W¢ have had another succ¢ssful. busy year. The theatr£ building was ift use 318 days durin8 the year and there We 148 publi¢ perforniances of 68 differenl s)wS. Daytim¢ &¢livilies are now well establish¢d on Wednesdays and Thursdays during school iemis. In addition, many mor¢ activities took Pla in the rehearsal r(K)llLS. the bar and the Colirtd outdoor perforniance spa¢¢. The 'Take a Bow. initiativ¢, started duTill8 2020 to increw invotv¢ment in Drama for primary sch] pupils, resuhed in several school visits involving costume, props and ba¢kstage work. We have received stverftl small grants for specific purposes durittg the ycor and have 5tat1ed on th¢ sla1 Fabric Fund project - thi5 is 0 2 y¢ar project, we re¢eivd the initial fundin8 in July 2024 and appointed a paJt-tirne Ouireach and Development Offi¢er started work in S¢piember 2024. The WOTk of our Developmeth Team has expanded consid¢rably since Ihis appointment- Simon Winternian has ¢ontiDued to l¢ad thi5 initi]Ve on a voluntsry b&sis. The majority of the w)rk under this grant is expected to b¢ ¢arritd out in the 2025126 finan¢ial year. Dis8ppoÈntingly another 12 llK)nths of disuJssion5 wth Nuneats>n and Bedworth Borough Council have still not r¢5uli¢d in a lease for the Abbey Theatr¢ building. whi¢h severely limits the grant funding we ¢aa] attrad for essential improvements such as improved access for disabled uscr5 and iistiors. W¢ hp4V¢ no wheelchair access w ihc upper tloor and our main doors aTe not easy to negotiate in a Mth¢el¢hair OT using a mobility 5CQQter. There 15 oth¢r Mntenance such as replR¢em¢nt of the old sash windows we would a]so like io undertak¢ which collld be partially or fully grant fvnd¢d if a lease was in place. We continue to press for a long-terni lee to allow us lo plan effxtively and a¢¢ess the fijnding av¥ii4bl¢. Pa8¢ 1
NUNEATON ARTS CIO REPORT OF THE TRUSTEES FOR THE I'EAR ENDED 31 MAY 2025 FINANCIAL REVIEW FIJ)ADd41 Review We continue strict controls on d4y.tTrday ¢xpendittJr¢. We replaced the somd desk and al[lary items during thc summer ai a wst of around £20.000 plvs VAT and added an additional swipe tail above the stsge. Total spend of replacement and refiJrbishm¢n¢ during ihe summer shuttlown ws5 £24,TrO plus VAT Mthi¢h was slightly below bwdget. It remains extr¢m¢ly difficult lo fore£ast incorne from the Shows we promote ourselves. These are almost all n¢gotiated on a box-offiGe split basis, so we are unlikety to lose on any sP]riC event. However since Covid audiences dony ik far in idvance. and often we sell SOV• of th¢ tickets for a show in the final 3-4 weeks. This is also a pmblem for the amateur groups who hire thc theatr¢ to pul on their sho. Reservu poilcy rls The Trustees have set the tninimum lev¢] of reserves at £SO,000. #nd this level is kept under review. The level is consid¢r¢d adequate to replace any major itern of equipment immediately should the need arisc, or to Sustain the Abbey Theatre for a 5uffi¢ient period sbould norn)al busine&% be interrupted. The building fabric is the responsibility of NBBC and the resetves do not therefor¢ need to cover major building items. Our incom¢ pattern is not level throughoui th¢ year - as we close in August our intome that month is close to zero. we sii]I need to cover around £10,000 overheads. We are ¢urrently htslding £58,2.31 of the Social Fabric Fund gra as R¢stri¢i¢d Funds gs thi5 was re¢¢ived carlier than th¢ scheduled expenditur¢. Cumi free reserv¢s are £179.820. The remaining £121,589 stiu app¢ars bigh compared to our target figur¢ but thts allows for our sun]mer period with littje income and planned M&inlellCe expenditur¢ of around £15.000. We also n¢¢d 10 fund the diff¢Ttn¢¢ between the Social Fabric Fund grant (£81,470) and the lola] project eost (£118,020)- much of this sIUld ¢ome from earned in¢ome and sponsorship, but we need tts make provision for any shortfalls in these income Streams. And tf we do achieve a r¢alisti¢ lease for the Abbey Theatre we have nurnber of significant projects irt mind, including disabled access provisioths aDd window repts¢¢n)ents. STRucfuRE. GOVKRWANCE MANAGEME Governlng documeni Nun¢aton Arrs CIO is a registered charity (No. 1193774) governed by its CoNiitution diied I l March 2021. M*n#gtment rtruttvre Memberstkip of NUneOn Arts is op¢0 to all w50ns with an interest in th¢ arts fiA residenl within 15 miles of Nuneaton c¢ntr¢. Voting 15 by 5impl¢ majority, in person otjly. at the Annual General Meeting {'AGfvf) of NeatrIn Ajls (OT at any Extraordinary General Meeting ofNuneaton Arts). NuntaD Art5 is m¥nag¢d on behalf of the m¢mbership by a Bo8rd of Tr#¢es, who are electcd by the m¢mbership. Nuncaton and Bedworth Btsrou8h co¢11 may nominat¢ two persoD5 to the Board of Tru$t¢es who may not meet the rcsidenc¢ requir¢ment for Nuneaton Arts mernbers. The Board of TnJ$te¢s nornllY meets about 10 timc5 each y¢ar. Specific operational fvn¢tions are delegated by the Bosrd to individual office hold¢rs, who are not rteecssarily Trust¢¢s. These office holders IstY work within delegat¢d budgets and Teport to the Board at each meeting. Appointment of trwtteN indCtIon & trninin# TnJ$te¢s aTe appointed annually ai ihc AGM. On¢ third of the TnLSte¢8 retire a]mua]ly - those retiring are eligible to stand for re-election. If va¢in¢ie8 remain aft¢r the appointhient of Tjustees at the AGM then ihe Board of Trnste¢s may appoiTht fitrther Tntstees. TTUSt¢¢s invited to und¢rgo appropriate training at the Charity'5 expens¢. REFERENCE A]4D ADMINisfRATTrT DETAILS Regi$t¢red Charity number 1193774 Prlnclp&l gddress The Abbey Theatrc Pool Bank Street Nuneaton Warwitkshire CVII 5DB Page 2
UNEATON ARTS CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED JJ MAY 2025 Trwltts D Adams M C Chllppell A R Deeming {res]ed 29.01.2025) M J Green (resign¢d 23.07.2024) D J Griffjth (resi)ed 26.02.2025) N M Harvey C D Hill (resigned I1.08.2025) G L Johnson RMLuke P l Malkin S J Markharn C Monaghwl (resigned 29.01.20251 D A S¢dgwick {resi8ned 16.04.2025) N Smith {resign¢d 10.04.2025) S Pearson {appointed 29.01.2025) N King {appointed 23.07.2024. re5igDed 20.012025) Inikpcndent ExgmiDer ArnngS Chart¢r¢d Arcountallts and Tax Advisors G¢thuJ House 36 Bond Streei Nunealon Wanvick5hire CVI 14DA thkers Lloyds Bank PLC 120 Lewisham High Street Londo SE13 6JG 25. 03.1 Approved by order of the trf)ard of trustees on.......... ................................. and si8n¢d on ils behalf by.. N M HaTVCy. Trustee Page 3
NUTrIKATON ARIS CIO ATEMEpif OF TRUSTEES, RESPONSIBILITIES FOR THE VEAR ENDED 31 MAY 21125 The trustees are responsible for preparing tbe Report of the fnL8t¢e5 al th¢ fuwcial statements in accorda¢ with opplicable law and United Kingth)m A¢¢ovnting Standards (United Kingdom Genern]ly Aecepted A¢¢ouniing Pffactice). Charity law r¢quires th¢ tnJst¢es to pr¢pare fuJan¢iai stat¢m¢nts for each financial year. Under that law. the tntst¢e5 have elected to prepar¢ th¢ financial ststetnents in A¢¢ordanc¢ with Urjited Kirtgdom Generilly A¢c¢pted A¢counting Practic¢ {United Kingdom Ac¢ountin8 Standard5 and applicablc lawl. Unthr ChilY law the lrnstees must not approve the financial statcment5 unless they are satisfied that give a true and fair view of the State of affairs of the charity and of th¢ inwming resour¢¢s and application of resourc¢s, in¢luding the incomc a1 expendilurc, of the charity for that period. In preparitkg those flnanciai ststements, the trustees are required lo select suitsble accounting policies and then appty them ¢onsistentiy; obsetve the methods and principles in ihe Charities SORP- ttlake judgernents and estitnates that are rea50nabl¢ and pnhdent,. prewdre the finaneial statements on the going concem blsis unless it is inappropri*¢ to presum¢ that the charity will ¢ontimi¢ An busin¢ss. The ttwst¢es are r¢sponsI1¢ for keeping proper a¢¢ountirtg records wthich dis¢lose with rea50nabl¢ arA¢Y at any tÈme the fingncial SK)Sition of th¢ charity and to enable them to ensure that the financi81 ststements ¢omply with the Chariti¢s A¢t 2011 ond Th¢ Charity IA¢¢ounts and Rwns) Regulaiions 2008. They are also rponsIble for safeguarding the assets of the charity and henee for taking reasonable steps for the prevention and d¢i¢¢tion of fraud and other irre8ularities. Page 4
INDEPENDEry EXAMINER'S REPORT TO THE TRusfEES OF NUNEATOI¥ ARTS CIO IndepeDdent ex4miDerfs report to the trnstees of Nune#ton Arts CIO I report to the charity trustee5 on my exaMin10n of the accounts of Nuneaton Art5 CIO (the Trust) for the year ended 31 May2025. Re3POn5ibi]ities And bAsls of report A$ the chariry tru$tee$ of the Thwst you are r¢spon5ible for the Preparation of the aceounts in accordance with the requirements of the Charities A¢t 2011 Ilhe Acl,). I report in respect of my examination of thE Tru5e5 accounts ¢arried out undcr Section 145 of the Act aryt in ¢arryinE out my ¢xamin4tion I have followed all applieable Dire¢tions given by the Charity Commission undcr Sectiorj 145(51(b} of the Act. Ind¢pÈDdent tyaminer's 8tAttmwt Since your charitys gross incom¢ exeeeded £250.OQO your cxaminer must be a memb¢r of a listed body. I can confirni that T am qualifi¢d to und¢rtak¢ th¢ examinaiion because l am a member of the Association of Ctwtered Certificd A¢¢ounlants. 1)ich is one of ihe limed b]les. I b*v¢ completed my examination. I confirm that no mol¢rial matters have com¢ to my attention in conne¢tion with the examination giving m¢ cause to believe that in any matsrial respect.. accountllJ8 re¢ords were not kept in respect of th¢ Tn¢ as required by Section 130 of the Ad" or the a¢¢ounts do not acwrd with those re¢ord5' or the accounts do not comply with the applicable requirements cotscernin8 the forni and ¢onlent of accounts set out in the ChaTi¢ies {A¢¢ounts and Reports) Regul&tions 2008 other than any requirement that th¢ a¢¢ountS give a trw¢ and fair view which is not a matter considered as part of an indepcndent txarnination. I havc no c4)ncerns ad have come across no other matters in ¢onnection with th¢ ¢xamittation to which attefflion should be drawn in this ttport in ordcr to enable 8 proper understandiTh8 of the a¢¢outts to be reached. J Biggs FCCA CTA Annstrongs Chartered Account4n¢$ and Tax Advisors Gethin House 36 Bond Street Nuneaton Warwickshire CVII 4DA Datc.. 15. 03 2026 Page 5
STATEMEKf OF FINANCIAL ACTtVlTIES R THE YEAR ENDED 31 M 2025 Total 2024 Total nds UnrestrÈcted Restrithd filnd Notes INCOME AND ENDOWMENTS FROM Donations and l¢gacie5 3,408 77,000 80,408 6,816 Ch¥rit*ble Aetivit Charitable activities 114.296 114296 104.887 Other trading activities Investment incom¢ 67.282 1529 67.282 2,529 71,392 1.640 Totsl 187,515 77,0(h) 264.515 184,735 EXPENDITURE ON Raising funds 29.5 29.592 33.540 Charitable actlvities Charitable activities 125,109 16,418 141,527 136.824 Total 154,701 16,418 171,119 170,364 NET INCOME 32,814 60.582 93,396 14.371 RECONCILIATIOIY OF FUNDS Total thnds brought foTw8rd 147,006 5,264 152,270 137,899 TOTAL FUNI)S CARRIED FORWARD 179.820 65,846 245,666 152270 The notes form part of these financial staternents Pag¢ 6
NUNEATI)N ARTS CIO BALANCE SHEET 31 Y 2025 2025 Total fiJrtd$ 2024 Total nd5 Unresirict¢d Restrieted fund Notes FIXED ASSETS Tathgible assets 30,019 30.019 29.476 CURRENf ASSETS Stocks Debtor5 Cash at bank and tn hand 4.517 11.648 146,227 4,517 11,648 212,073 5.631 .629 137283 65,846 162,392 65,846 228,238 151,543 CREDrroRS Amounts falling du¢ wiihin one year 112.591) {12,591) (28.749) NET CURRETrIT A&SETS 149.801 65.846 215,647 122,794 TOTAL ASSETS LESS CURREKr LIABiiifiES 179,820 65.846 245.666 152,270 NET ASSETS 179.820 65,846 245.666 152270 FUNDS Unr¢srri¢ted funds Rcstricted fimds 10 179,820 65,846 147.006 5264 TOTAL FUNDS 245,666 152,270 The financi statements w¢r¢ approved by the Board of Trnstees and authoTised for issue 25 . 0 3 . 2 0 29............ and were signed on its b¢half by.. on . Trustee Th¢ not¢5 forn) part of these fina181 statements P&ge 7
NUNEATON AR NOTES TO THE FINANCIAL STATEMEh' FOR THE YEAR ENDED 31 MAY 202S ACCOUNTING POLICIES Basis of prepArSDg the flnnelAI st8tements The financial statements of th¢ Charity, which is 8 publi¢ ben¢fit entity wider FRS 102. have been Prepared in a¢cordancc with the Ch2ritle5 SOIiP (FRS 102} 'AccOUlg and Reporting by Charitie$.' Statern¢nt of Recommended Praetit¢ applicable to Charities preparing their accounts irt accordance with the Financial Reptsrting Standard Applicable in the tJK atKI Republi¢ of Ireland Rs 102) (effective l January 2019),, FinaDcial R¢porting Stsndard 102 11)e Financial Reporting Standard applicable in the UK attd Republi¢ of Ireland. and the Charities Act 2011. The financial 51atements hav¢ been prepared under the historical cost convention. Intome Items of income are recognised and included in the aCcots th all of th¢ following ¢riteria ar¢ met . - The charity has etttitlemenl to the fund - any perf0MnCe conditiojts attached to the it¢mlsl of incorn¢ ve been met or are llY within the control of the ¢harity.' - there is suffi¢i¢nt certainty that receipt ofthe income 1$ ¢onsidered probable.. and - the amount ¢an be m¢asurcd reliably. Deferred income Income is deferred when monies are receivtd in ad¢t relating to perforniances or bDoki]w commencing in the following financial ye. Eipendi¢ure irre¢overable Expenditure 15 recogni%d onee there is a le8al or ¢onstructive obligation to make a payment to a third party, it is probable that Settlement will be required and the amount of the obligation Gan b¢ measured reliably. Exp¢nditurc 15 classified und¢r th¢ fouowing activity headings.. - Costs of raising fimds wrnprise the direcl wsts of operating the bar & ¢offee bar. - Expenditure on charitable a¢tivitiC5 includes the diwt costs of a¢tivities undertsken to fvrther the purpos¢s of the charity alld their associthtrd 5UPPOrt & governan¢¢ costs. lryt¢overdbl¢ VAT is ch¥Tged as a cost against the activity for which the expenditure was incurred. Tangible fixed assets Depreciatiot) is Provided at the following annual rates in order to write off ea¢h as5Ct over its estirnated usefvl Improvements to properry Fixtures and fittings Io'h on cost 25OA on reducing balan¢¢ Fixed &ssets ar¢ tapitalised depe[ing on their value at the discretion of the trLLSte¢s. Ststks stks are valued at th¢ lower of cost and net Tealisable valu< &fter making due allowance for obsolde and slow moving items. T•xt50 The charity is exempi from on IL8 choritable activiti¢s. Fund accoulltiDX General accumulated funds are unreMri¢ted funds that can be used in accordance with ihe Charitable objectives and include fimds de5isDated for a particular putpose: the use of su¢h fd5 remain5 at the dIretIOn of the IL5tees. Pag¢ 8 continued...
NUNEATON AR cio IYOTES TO THE FIIYANCIAL sfATEMEliTS- ContIe RTHE 202 ACCOUNTING POLICIES- eonthiu¢d Fund 8CCOUDtiog Resrri¢ted funds can only be used (or particular restricted purposes within the objects of the ch8rity. Restrictions aTi5e when splfied by the donor OT wh¢n funds t rni5ed for particuiarr¢stri¢ted putpos¢s. Further explanation of the natur¢ and purpose of fund is included in th¢ notes lo the financial siatements. Going conee The finan¢ial ststemetjts have been prepared ots a going conecm basis whi¢h assumes thot the Charity will Continue to 0rate. The validity of this assumption is dependent upon the contiMuan¢e of support from th¢ ¢harity's funders and in response io the PJDgress made by the Charity in pursuing a viable budgeL The Choritys ¢urreM business plan shows ihai the Charity Mryll be abl¢ io opernte in the foreseeabl¢ kn. Based on thi$ understandin& the trustees believe that 1¢ r¢mains appropriatc to prepar¢ th¢ fimncial statemertts on a going eoncern basis. The financial stalements do not in¢lude Y adjustm¢nt& which would result frorn th¢ basis of preparation beins inappropriate. Debton Trade and other debtors are tE¢ogni5ed at thc settlement amouth due after any trade discount offered. Prcpayments ar¢ valued ai the amount pr¢paid after taking account of at]ytrade discon[S due. Cash at bk and h#Dd CAsh at bank and c8sh in hand and short tern) high liquid inveslment5 with a short maturity of thre¢ monttk% or les5 from th¢ da* of a¢quisÈtiom or opeFting of the depostt or similar anUnt. Credltors IlDd provlslons Crditors and provisions are rtcogni5cd where the ¢harity has a present obli8ation resulting from a p&4t ¢v¢nt that will probably re5uh in thc transfer of furtds to a third party and the amount due to s¢ttl¢ the oblL8arion can be measured or estimated reliably. Creditors and provisions are nomially r08n15¢d at their settlement amoiitrt after ailowitig for any irade dis¢oullt8 d. OTHER TRADING ACTIVITIES 2025 2024 Bar & Coffee bartakings 67282 71.392 INVESI'MENT INCOME 2025 2024 De)sit acth)wrt interest 2.529 1,640 Pase 9 continued...
NUNEATON ARTS CIO ri(yfES TO THE FINANCIAL ATEmEr- eomtinued FOR THE YEAR ENDED 31 MAY 21125 TRUSTEES, REMUNERATION AND BENEFrrs There were no trvst¢es' ruDeratiOn or oth¢r ben¢fits for the year end¢d 31 May 2025 nor for the yeor ended 31 May 2024. Trustee8' txpt115ts There was £1.879 paid to 6 tmstees, for expenses thtring the y¢ar ended 31 May 2025 (2024 .. £4,524 to 4 Trv51ee51 COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestri¢tcd fund Restricted fund Tothl funds INCOME AND ENDOWMENTS FROM Donation5 and lea¢jeS 3.116 3.700 6.816 Cbritble •ctivities Charitsbl¢ a¢tivilies 104,887 104.887 oth trading activities Inv¢$tm¢nt inwme 71.392 1,640 71,392 1,640 T(bt41 181,035 3,700 184.735 EXPENDITURE ON Raising fi]nd$ 33,540 33540 ChArit•ble activi¢ie$ Chlritable altieS 131.468 5.356 136.824 Total 165,008 5,356 170.364 NEI. IIYCOMEI(EXPENDITURK) 16,027 (1,656) 14,371 RECONCILIATION OF FUNDS Totol f$ brou8ht forward 1.30.979 6,920 137.899 TOTAL FUNDS CARRIED FORWARD 147.006 5,264 152,270 Ppge 10 continued...
NUNEATON ARIS CIO NOTES TO THE FINANCIAL STATEMENTS- COD R THE YF.AR ENDE I MAY 2025 TANGIBLE FIXED ASSUS Improvements Fixiur¢s and fittings property TotAIs COST At l June 2024 Addxtions 87.834 224,798 18,447 312,632 18,447 At 31 May 2025 87,834 243245 J31,079 DEPRECL4TION At l June 2024 Charge for year 83.082 1,826 200,074 16.078 283.156 17,904 At 31 May 2025 84,908 216,152 301,060 NET BOOK VALUE At31 May2025 2,926 27,093 30.019 At 31 May 2024 4.752 24.724 29,476 STOCKS 2025 2024 Bar 51ock Technical Stock 4,517 4,706 925 4,517 5.631 DEBTORS: AMOUNTS FALLINC DUE WTfHIN ONE YEAR 2025 2024 Tr&Je debtors Ac¢nJed iM>me PT¢payments 1,638 4.736 5274 4,469 4.160 11.648 ,629 Pag¢ 11 continued...
NUNEATON ARTS CIO NOTES TO THE FINANCIAL STATEMENTS- conthiued FOR THE YEAR ENDED 31 MAY 2025 CREDJTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Taxation and social security Other creditors 1.628 10.963 946 27,803 12.591 28,749 io. MOVEMENT IN FUNDS Net movement ift funds At 31.5.25 Ai 1.6.24 UDrestrirted fuDds Gencrnl fund 147.006 32,814 179,820 Restrfcted (ndS 5,264 60.582 65,846 TOTAL FUNDS 152270 93,396 245,666 Nei rnovemellt tn fimds in¢ludcd in the above alr a5 follows.. In¢omiTt8 resources Resourees cxp¢nded Movement in fund5 Unrestritled fvMd5 General furjd 187.515 (154,701) 32,814 Restrtcted funds RESTRICTED FUND 77.000 (16,418) 60,582 TOTAL FUNDS 264.515 (171,119) 93.396 Comparativ¢J for movement in funds et movement in fiJnd5 At 31.5.24 Ai 1.623 Unrestricted funds General fund 130,979 16,027 147,006 R¢s¢ri¢ted funds RSTRICTED FUND 6.920 11,656) 5,264 TOTAL FUNDS 137.899 14,371 152,270 Pag¢ 12 ntinued...
'UNKATON ARTS CIO TO TIIE FINANCIAL STATEMEIYTS- con FOR THE Y DED 10. MOVEMENf IN FUNDS- coDtinu¢d Comparative net movement in funds, included in the ¥bov¢ are as follows.. Inroming resources Re50ur¢¢s expendcd Movement in fi]nds Unrestrirttd fuDds General fund 181,035 {165,0081 16.027 Restri¢t¢d funds RESTRtcrED FLfND 3,700 15,356) (1,656) TOTAL FUNDS 184,735 {170,364) 14J71 A eUTrentyear 12 rnonth3 and prior ar 12 months wrnbin¢d ]y)sttion is &5 follows: Net vement in funds At 31.525 At 1.6.23 Unrestricted fuDds General fund 130,979 48,841 179.820 Restrfcted fuN RESTRICTED FUND 6.920 58,926 65.846 TOTAL FUNDS 137,899 107,767 245,666 A ¢urr¢nt year 12 months and prior y¢ar 12 months combined net movem¢nt in fiumis. included ID the above are as follows.. Incoming rtsource5 R¢source5 exp¢nd¢d Movem¢nt in funds Unrestricted fvnd$ Gen¢ral 368.550 (319,709) 48,841 X¢$trl¢ted funds RESTRICTED FUND 80,700 (21.774> 58,926 TOTAL FUNDS 449,250 1341.483) 107,767 Page 13 continucd...
NUNEATON ART3 CIO NOTES TO THE FINANCIAL sfATEMENTS- tontinued FOR THE YEAR ENDED 31 MAY 202S io. MOVEMENr tN FtJNDS- ¢oDtIDued RESTRICTED FUNDS ANALYSIS Bal*nce at beginning of period It eDd of period Income Expenditure TrADsf¢rs Big Lottery Commutiity Fund- Coronation Celebration & Legacy Event Nurjeaton & Bedworth Borough Council- Hope Festiv 2025 Warw&¢kshire County Couneil NUat0 & Bcdworth Borough Coimcil- Community Grant 3.950 {356) 3,594 1.314 (1.314) 72,000 {13.769} 58,231 5,OiKI (979} 4,021 5.264 77,000 (16,418) 165,846) Bi8 Lottery Community Fund- the balanc¢ remaining from this 2023 grant is allo¢ated mainly for Diversity Day5 At)d support of Gommunity events. A platttted everjt involving the Muslim Community remains OD hold Mthilst the CUFrcllt Israel-Palestin¢ ¢onflid Continues. Thi5 grant does not have aty end date by which it must b¢ spenL Warwi¢&shire County Cowi¢il - this is a SL)¢ial fabric fund grant ¢ov¢ring a 2 yewT pioject which started i S¢pt¢mb¢r 2024 and is ongoing. Neatoll BC Community Grant - this will 1n1Y support U¢tiOnal and wellb¢ing activities, there is no end d&te for this grantto be spcnL All oth¢r grants were spwrt dwitig the yetr for the purposes derailed in the grant award. RELATED PARTY DISCLOSURES Certain of the Trustees also or are itLYolved in the rnanagemeni of organisalions who use the facilities of th¢Th¢atr¢ or hire technicBI equipment fTom th¢ Th¢itre. Such traTh5actions are at th¢ same rate as for 0therequ1vale orgknisations and are detailed below. Year ended31 Year ended31 May 1025 May 2024 Organi5ation Trustet Abbey Players David Sedgwick (Mwg¢rl Principal) Michael Chappell (Committee Member) Masqueraders Theatre Society and DAvid Ad#ms ICo-OPtedl NAODS Christopher Hill (Committee Member) Rabbl¢ David Adams (Mai]agcr I Principal SuddeTJ Impulse Nathan Harvey ( Trustee) and Production c4)mpany Philip Malkin (Trystee) 6.096 5.454 7.197 9,910 1426 7,317 6.503 5,405 2.410 6.565 There were nts outstanding balances wth ttlated parties as at 31 May 2025 {2024.. £Nil) Page 14
DETAILED TEMEPU OF FINANCIAL A EAR ENDED IVIEs 2025 2024 INCOME AND ENDOWMENrs Donitlons and leg•¢ies Donations Orants 508 79.900 466 6,350 80.408 6,816 Othtr trding activities Bar & Coffec bar takings 67.282 71.392 Inwe5tment ID¢ome I)¢posAI a¢Ut inter¢st 2,529 1,640 Cbirit#ble wctiwities Nuneaton Art Produ¢tionlCOse Th¢atr¢ Hire Room Hire Equip Rental & s¢9 Storage Hire Ticket Printin8 Other 28,683 48,432 22.218 13.781 931 251 28,088 44,943 18297 11,593 884 454 628 114,296 104.887 Totsl incomkng resources 264.515 184,735 EXPENDITURE R•i$inE donations and legcles Bar & Coffee pUhaS¢S Bar E41p Repairs & Renewals 28,580 1,012 32,303 1,237 29.592 33,540 CbaritAble attivities Wages Volutsteer costs Telephone & Intemet Oth¢r operating leases Raies and Wdter Insurance Light and heal Repairs & Renewol Maintenance Contract5 Cleaning & Hygein¢ Solulions Hired-ln ¢quipm¢nt rechge LiceThs¢ Fees Carried forward 24,763 345 558 6,700 2.564 5.664 16262 1.837 5.034 19.558 4,556 3265 91,106 10.479 1.142 430 6.913 3.159 4282 18,043 4,608 3,520 18.355 3.883 5,666 80.480 This page does not fomi part of the statutory finkneial 5tatern¢nts Page 15
NUNEATON ARTS CIO DETAILED ATEMENT OF FINANCIAL AcrivmEs FOR THE YEAR ENDED 31 MAV 2025 2025 2024 Charitable g¢tivi¢ies Brought fonydrd Theatre Equip RepairslRenewals Nw)¢Aton Art Productionlcourse Print, Postag¢ & Ststionery Marketin Educational Support Misrxllaneous Improvements to property Fixturu and fittings 91,106 3.467 22.117 986 3,113 80,480 3,557 21.341 873 2.144 1,440 1,826 16,078 1,871 14,152 138,693 125,902 Support Costs FiDOii¢e Accountancy Costs Bank charg¢s Independcnt examiners fees Exccptional item5 25 1,609 1,200 800 1,538 1.200 7,384 1834 10,922 Total re50urce$ ¢xpend¢d 171,119 170.364 Nt¢ ineome 93,396 14.371 This pagc does noi fonn part of the ststUry flnancial stat¢ments Page 16