**REGISTERED COMPANY NUMBER: 01607633 (England and Wales) REGISTERED CHARITY NUMBER: 284186** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2022 for The Cranleigh Arts Centre Limited** **The Cranleigh Arts Centre Limited** **Contents of the Financial Statements for the Year Ended 31st March 2022** ||Page| |---|---| |Report of the Trustees|1 - 6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10 - 18| |Detailed Statement of Financial Activities|19 - 21| **The Cranleigh Arts Centre Limited** ## **Report of the Trustees for the Year Ended 31st March 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Covid 19** In last year’s report I discussed the impact of the Covid outbreak on the Arts Centre. For much of the financial period now under report and review, activity at the Arts Centre had been severely disrupted. This is reflected in the comparative financial statements and disclosures. The Arts Centre was able to recommence more normal activities in August 2021 and has quickly regained momentum since. ## **Objectives and activities** The comments below apply in normal times and normal operating conditions, both of which had been impacted by Covid 19 restrictions during part of the financial year.. ## **Objectives** The objectives for which the Arts Centre is established are as stated in the 2010 Articles of Association, to promote, present and inspire education, exhibition, performance and participation of the Arts and other leisure time activities (apart from sport) for all ages of the inhabitants of Cranleigh and its surrounding villages and district and it shall be permitted to do all such other things as are incidental to the attainment and furtherance of these objectives. ## **Activities** The Company achieves its stated objectives through its principal activity which is the operation of the Arts Centre in Cranleigh, where various arts and educational events are promoted, rooms are hired to various local clubs and groups and other organisations for study and participation in the arts and to private individuals and organisations for their use, training and all manner of community activity. In shaping our objectives for the year and planning our activities, the Trustees have considered, and taken due regard of, the Charity Commission's guidance and advice on public benefit. Our programme of activities described below focus very much on bringing the arts to the community of Cranleigh. Affordability and access are monitored by trustees within the business review process. At all times the Centre encourages open access to all members of the community. ## **Volunteers, Staff Team and Trustees.** Cranleigh Arts Centre has a core staff team with designated responsibilities but is heavily dependent on the dedication of its approaching 100 volunteers; numbers having recovered since the unlocking of Covid and resumption of Arts Centre activities. Without their commitment the Arts Centre could not exist. Towards the end of the Covid closure and shortly thereafter the Arts Centre experienced significant turnover in paid staff members. All of the vacant posts have been successfully filled. I thank the Board of Trustees who bring their wisdom and experience to the oversight of the Arts Centre’s affairs. Their competencies and contributions span the arts, education, business and finance. ## **Achievement and performance** ## **Charitable activities** For much of the first half of the financial year under review and report the activities of the Arts Centre were severely limited by restrictions imposed during the Covid pandemic. Activities quickly regained momentum in the second half. A new Programme was created involving all of the long standing elements of Arts Centre activity. Audiences returned and Hires quickly resumed as hirers too resumed their activities. At the time of writing this report ticket sales have Page 1 resumed at their highest levels and Hires are demonstrably at a new high - with room/space shortages being experienced. ## **Arts workshops, exhibitions and local crafts.** Our Pottery is in full use and there are regular classes involving various arts groups. The Arts Centre provides a sales showcase for local handicrafts with buoyant turnover. Our Gallery has a steady stream of exhibitions across different arts genres. ## **Room Hire** Cranleigh Arts Centre offers serviced room hire facilities for personal, club, association, business and public sector needs. U3A, Cranleigh Arts Society, Cranleigh Community Choir and Surrey Youth Theatre are among regular hires. ## **Film** Film is a longstanding and popular entertainment available to our community. ## **Music** We bring a substantial programme of music to Cranleigh Arts. This includes performances by popular bands, including jazz, and performances by world class classical musicians. ## **Event Theatre** Live streaming from the Royal Opera House and National Theatre has resumed post Covid and is a well established and popular component of our Programme. ## **Theatre and Children’s Theatre** While back stage facilities are limited, we continue to deliver some outstanding performances. ## **Comedy** We offer a well established programme of comedy events with some top name artists, in some cases trying out new material for pre national tours. ## **Wellbeing** This is a core part of our community role. We welcome Dementia groups as well as fitness and community recreational activities. ## **Volunteering** The Arts Centre is probably the single largest volunteering opportunity in Cranleigh and surrounding villages. Volunteers are able to build relationships and skills with others while contributing to the arts and community. ## **Young People** We aim to provide a range of activities and events for younger audiences and participants. We have entertainments, activity based events and educational shows on offer. We are the home venue for Surrey Youth Theatre. We have a fund to provide access to performances to young people who may not normally be in a position to enjoy live performance. ## **Fundraising activities** While we aim to meet our core operating costs from operating revenues we have regular fundraising events which attract contributions from ticket buyers, sponsorships and donations from individuals and local businesses. This fundraising is essential to cover large single maintenance costs and expensive equipment replacement. Our well established Friends of Cranleigh Arts cadre is a vital component of our fundraising with some 300 members. Using the skills of our trustees, staff and volunteers we apply where appropriate for eligible grant funding from public funds and charitable trusts. Grants secured have included from Waverley Borough Council under a Service Level Agreement and from The Heritage National Lottery and during Covid from the Arts Council. Page 2 **Financial review** ## **Provision** Last financial year we reported a provision of £8,000 in relation to the incurrence of irregular and unauthorised expenses and other actions uncovered during the period. The matter was reported to The Charities Commission in compliance with their requirements and to the Police. The matter is closed and steps taken to prevent any recurrence. ## **Principal funding sources** In spite of very limited operational activity in the first half, the inflow of funds for the full year has been satisfactory reflecting a recovery in activities overall. |
reflecting a recovery in activities overall.||| |---|---|---| |- Voluntary income, fundraising and donations|£ 20,730|(2021 £14,678)| |- Hospitality, room hire and sundry income|£ 68,063|(2021 £3,127)| |- Investment income|£ nil|(2021 £591)| |- Visual and performing arts, largely from ticket sales|£ 81,868|(2021 £nil)| |- Courses and workshops|£ 13,729|(2021 £nil)| |- Waverley Service Level Agreement and other Grants|£ 35,667|(2021 £22,000)| ## **Reserves policy** Our longstanding target has been to maintain Unrestricted Reserves of at least 6 months operating costs or £80,000 and higher. Total Reserves as at 31[st] March 2022 totalled £239,544 of which Unrestricted/Designated Reserves totalled £193,107. well in excess of 6 months costs. Page 3 **The Cranleigh Arts Centre Limited** ## **Report of the Trustees for the Year Ended 31st March 2022** ## **Structure, governance and management** ## **Governing document** The Cranleigh Arts Centre is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 30 June 2010. The company was incorporated on 14 January 1982 and it registered as a charity with the Charity Commission on 19 April 1982. The company is governed by its Board of Management which meets at least four times a year. The Board consists of voting directors, approved by the Board of Directors and elected by the company members at the Annual General Meeting. Our vision is 'to enrich, entertain and inspire our community'. ## **Recruitment and appointment of new trustees** The Board may from time to time and at any time appoint a member of the Arts Centre as a member of the Board to fill a casual vacancy. Any member so appointed shall retain the position only until the next annual general meeting, but shall then be eligible for re-election. No person who is not a member of the Arts Centre shall in any circumstances be eligible to hold office as a member of the Board. Unless otherwise determined by a general meeting, the Board will be at liberty to invite whichever Observer(s) it decides to the Art Centre's meetings. Such Observers will be at liberty to attend the meeting and speak, but will have no power to vote or influence any decision of the Board or members. For example the Board continues to invite as observers - one person nominated by Cranleigh Parish Council and one person nominated by Waverley Borough Council. At each Annual General Meeting one-quarter of the elected members of the Board for the time being, or if their number is not a multiple of four then the number nearest to one-quarter, shall retire from office. The maximum period of time that a director can serve as a member of the Board is two terms, each term lasting from the date of election of that director to the fourth annual general meeting of the Company thereafter; subject to the Company's Article 22.3. ## **Organisational structure** The Arts Centre operates through a core team of five each having delegated authority and responsibility for the day to day operations covering programme, facilities management, marketing and volunteer co-ordination. The staff team in turn has oversight through and is responsible directly to the board of trustees. The staff team and trustees are in turn supported by a team of volunteers who provide vital assistance and support throughout the operations of the Arts Centre. The Board of Trustees has overall responsibility for good governance and oversight of the organisation, management and operations of the Arts Centre. ## **Induction and training of new trustees** By way of induction, new directors/trustees are supplied with a copy of the company's Articles of Association and a copy of the Charity Commission's booklet CC3 - 'The Essential Trustee' updated in July 2015. They are also encouraged to visit the Arts Centre to see it 'at work' and to attend as many arts events and activities as possible. ## **Risk management** The Directors regularly review the major strategic and operational risks which the Company faces and have put in place systems to examine those risks and to mitigate the company's exposure to them, as far as possible in a small organisation. ## **Reference and administrative details** ## **Registered Company number** 01607633 (England and Wales) ## **Registered Charity number** Page 4 284186 ## **Registered office** 1 High Street Cranleigh Surrey GU6 8AS Page 5 **The Cranleigh Arts Centre Limited** **Report of the Trustees for the Year Ended 31st March 2022** ## **Reference and administrative details** Registered Company number 01607633 (England and Wales) Charity number 284186 Principal Office 1 High Street, Cranleigh, GU6 8AS ## **Trustees** The following Trustees served during the year: Mr R J Wild Chairman Mr S Rabinowitz Mrs E G Wilson Mr C Wilson Resigned 24/11/2021 Ms A Winter Resigned 10/10/2022 Ms A Lambley Resigned 19/5 2021 Mr J Mainwaring Resigned 27/7/2022 Mr D Whitaker Treasurer Ms K Agarwal Mr D Hitchen ## **Company Secretary** TWM Corporate Services Limited ## **Independent examiner** MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU6 7QR. The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities (Accounts and Reports) Regulations and the provisions of the trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................. Mr R J Wild - Trustee Page 6 **The Cranleigh Arts Centre Limited Independent Examiners Report** ## **Independent Examiner's Report to the trustee of The Cranleigh Arts Centre Limited** I report to the trustees on my examination of the financial statements of The Cranleigh Arts Centre Limited for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. ## **Responsibilities and basis of report** As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and 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 financial statements to be reached. Michelle Matthews FCCA Certified Chartered Accountants MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU6 7QR 31 March 2022 Page 7 **The Cranleigh Arts Centre Limited Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
10
**Total**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**| |---|---|---|---|---|---| |||**2022**|**2022**|**2022**|**2021**| |||**£**|**£**|**£**|**£**| ||||||| |||55,995|402|56,397|36,683| |||122,282|15,611|137,893|3,068| |||37,998|-|37,998|59| |||-|-|-|591| |||3,380|-|3,380|-| |||219,655|16,013|235,668|40,401| ||||||| |||18,140|-|18,140|574| |||61,835|649|62,484|3,676| |||126,634|25,549|152,183|79,413| |||206,609|26,198|232,807|83,663| |||-|-|-|-| |||13,046|(10,185)|2,861|(43,262)| |||-|-|-|-| |||13,046|(10,185)|2,861|(43,262)| ||||||48,590| |||13,046|(10,185)|2,861|5,330| ||||||| |||124,944|56,486|181,430|176,100| |||137,990|46,301|184,291|181,430| ||||||| ||||||| ||||||| Page 8 **The Cranleigh Arts Centre Limited Balance Sheet** ## **at 31 March 2022** |**Charity No. 284186**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
**Creditors:**Amount falling due within one year
15
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
**Unrestricted funds**
16
General funds
Designated funds
**Reserves**
16
**Total funds**|**2022**
**£**
-
550
9,641
273,578
283,769
(44,225)
239,544
239,544
239,544
239,544
46,437
46,437
182,022
11,084
193,107
239,544|**2021**
**£**
-
550
4,950
185,912| |---|---|---| |||191,412
(9,982)| |||181,430
181,430| |||181,430| |||181,430| |||56,486| |||56,486
114,373
10,571| |||124,944| |||181,430| Approved by the trustees on 31 March 2022 And signed on their behalf by: R.J. Wild Trustee 31 March 2022 Page 9 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **for the year ended 31 March 2022** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 10 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: % written off in the year of Fixtures and Fittings expenses All Capital is written off in the year of expenditure ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 11 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Page 12 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Statement of Financial Activities - prior year** |**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
Other
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations
Subscriptions
Waverley BC Grants|**Unrestricted**
**£**
12,395
7,933
35,667
55,995|**Unrestricted**
**funds**
**2021**
**£**
36,678
3,068
59
591
40,396
574
3,676
79,413
83,663
(43,267)
(43,267)
48,590
5,323
119,613
124,936
**Restricted**
**£**
402
-
-
402|**Restricted**
**funds**
**2021**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
56,487
56,487
**Total**
**2022**
**£**
12,797
7,933
35,667
56,397|**Total funds**
**2021**
**£**
36,678
3,068
59
591| |---|---|---|---|---| |||||40,396
574
3,676
79,413| |||||83,663| |||||(43,267)| |||||(43,267)
48,590| |||||5,323
176,100| |||||181,423| |||||**Total**
**2021**
**£**
7,876
6,807
22,000| |||||36,683| Page 13 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 4 **Income from charitable activities** |Visual and Performing Arts
Room Hire
Brochure
Other
5
**Income from other trading activities**
Bar and Café
Courses and Workshops
6
**Income from investments**
Bank Interest
7
**Other income**
Exhibitions
8
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Subscriptions
_Fundraising trading costs_
Bar and Café
Courses and Workshops|**Unrestricted**
**£**
81,868
37,932
2,482
0
122,282|**Restricted**
**£**
-
-
-
15,611
15,611
**Unrestricted**
**£**
24,269
13,729
37,998
**Unrestricted**
**£**
3,380
3,380|**Total**
**2022**
**£**
81,868
37,932
2,482
15,611
137,893
**Total**
**2022**
**£**
24,269
13,729
37,998
**Total**
**2022**
**£**
-
-
**Total**
**2022**
**£**
3,380
3,380|**Total**
**2021**
**£**
-
3,068
-
-| |---|---|---|---|---| |||||3,068| |||||**Total**
**2021**
**£**
59
-| |||||59| |||||**Total**
**2021**
**£**
591| |||||591| |||||**Total**
**2021**
**£**
-| |||||-| |||||| |||**Unrestricted**
**£**
738
13,032
4,370
18,140|**Total**
**2022**
**£**
738
13,032
4,370
18,140|**Total**
**2021**
**£**
-
574
-| |||||574| Page 14 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 9 **Expenditure on charitable activities** |||**Unrestricted**|**Restricted**|**Total**|**Total**| |---|---|---|---|---|---| |||||**2022**|**2021**| |||**£**|**£**|**£**|**£**| ||_Expenditure on charitable_||||| ||_activities_||||| ||Visual and Performing Arts|36,310|-|36,310|-| ||Room Hire|8,676|-|8,676|80| ||Brochure|10,410|-|10,410|233| ||Other|4,276|649|4,925|1,738| ||_Governance costs_||||| ||Accountancy fees|500|-|500|500| ||Legal fees|313|-|313|485| ||Professional fees|1,350|-|1,350|640| |||61,835|649|62,484|3,676| |10|**Other expenditure**||||| |||**Unrestricted**|**Restricted**|**Total**|**Total**| |||||**2022**|**2021**| |||**£**|**£**|**£**|**£**| ||Other interest payable|5,170|-|5,170|1,874| ||Employee costs|66,002|15,076|81,078|25,973| ||Premises costs|35,456|10,473|45,929|17,093| ||General administrative costs|20,006|-|20,006|34,473| |||126,634|25,549|152,183|79,413| |11|**Staff costs**||||| ||||**2022**||**2021**| ||Salaries and wages||65,551||22,086| ||Social security costs||5,618||2,239| ||Pension costs||1,074||1,500| ||||72,243||25,825| ||No employee received emoluments in excess of £60,000.||||| ||The average monthly number|of full time equivalent employees|during the year|was as follows:|| ||**2022**|**2021**| |---|---|---| ||**Number**|**Number**| |Peoples Pension Fund|4|4| Page 15 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 12 **Tangible fixed assets** |12 **Tangible fixed assets**||||| |---|---|---|---|---| |**Cost or revaluation**
At 1 April 2021
At 31 March 2022
**Depreciation and**
**impairment**
At 1 April 2021
At 31 March 2022
**Net book values**
At 31 March 2022
At 31 March 2021
13 **Stocks**
Bar and Café
14**Debtors**
Trade debtors
Prepayments and accrued income
15 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals
Deferred income|**Land and**
**buildings**
**£**
1,166,743
1,166,743
1,166,743
1,166,743
-
-|**Fixtures and**
**Fittings**|**£**
66,307
66,307
66,307
66,307
-
-|**Total**
**£**
1,237,540| |||**£**
4,490
4,490
4,490
4,490
-
-
**2022**
**£**
550
550
**2022**
**£**
4,072
5,569
9,641
**2022**
**£**
16,976
6,514
4,020||| |||||1,237,540| |||||1,237,540| |||||1,237,540| |||||-| |||||-| |||||**2021**
**£**
550| |||||550| |||||**2021**
**£**
-
4,950| |||||4,950| |||||**2021**
**£**
3,569
(2,030)
1,000| |||6,423||10,296| |||10,292||(2,853)| |||44,225||9,982| Page 16 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 16 **Movement in funds** |**Restricted funds:**
**Restricted income funds:**
Volunteer coordinator fund
Ticket Fund
s106 Grant
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
General Fund
Technical Development Fund
Other Reserves
National Lottery Community
Fund
Reserves
Marketing Donation
_Total_
**Total funds**|**At 1 April**
**2021**
1,690
2,403
52,393
56,486
114,373
4,737
4,831
102
-
101
800
10,571
181,430|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
2
-
535
537
274,258
650
-
-
15,076
-
400
16,126
290,921|**Resources**
**expended**
**£**
(112)
-
(10,473)
(10,585)
(206,609)
(537)
-
-
(15,076)
-
-
(15,613)
(232,807)|**At 31**
**March**
**2022**
**£**
1,580
2,403
42,454| |---|---|---|---|---| |||||46,437| |||||182,022
4,850
4,831
102
-
101
1,200| |||||11,084| |||||| |||||239,544| Purposes and restrictions in relation to the funds: Restricted funds: Volunteer coordinator fund a restricted fund set up following a donation from the Wates Foundation for the salary and training of a volunteer co-ordinator Ticket Fund a restricted fund following a donation from the St James Place charitable foundation to pay for the tickets to Cranleigh Arts Centre events for the benefit of under privileged children. s106 Grant a restricted fund for the capital cost improvements to the Art Centre Designated funds: General Fund Technical Development Fund a designated fund set up to cover the cost of replacing or improving equipment used in the centre to ensure funds are available when required Page 17 **The Cranleigh Arts Centre Limited Notes to the Accounts** other reserves Other Reserves National Lottery Community Volunteer co-orinadotrs funding Fund Marking Donation Funding for the classical musical pro ## gramme ## 17 **Analysis of net assets between funds** |Net current assets
18 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
232,361
232,361
**At 1 April**
**2021**
**£**|**Restricted**
**funds**
**£**
7,183
7,183
**Cash flows**
**£**|**Total**
**£**
239,544| |---|---|---|---| ||||239,544| ||||**At 31**
**March**
**2022**
**£**| ||185,912|87,666|273,578| ||185,912
185,912|87,666
87,666|273,578| ||||273,578| ||||| |19 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2022**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
amounted to:|are as follows:
**2022**
**Other**
**£**
**2022**
**£**
1,074|**2021**
**Land and**
**buildings**
**£**|**2021**
**Other**
**£**
**2021**
**£**
1,500| Page 18 **The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Income**
Donations and legacies
Donations
Subscriptions
Waverley BC Grants
Charitable activities
Visual and Performing
Arts
Room Hire
Brochure
Volunteer coordinator
fund
Other trading activities
Bar and Café
Courses and Workshops
Investments
Bank Interest
Other
Exhibitions
**Total income and**
**endowments**
**Expenditure on:**
Costs of generating
donations and legacies
Subscriptions
Costs of other trading
activities
Bar and Café
Courses and Workshops
**Total of expenditure on**
**raising funds**
Charitable activities|**Unrestricted**
**funds**
**2022**
**£**
12,395
7,933
35,667
55,995
81,868
37,932
2,482
0
122,282
24,269
13,729
37,998
-
-
3,380
3,380
219,655
738
738
13,032
4,370
17,402
18,140|**Restricted**
**funds**
**2022**
**£**
402
-
-
402
-
-
-
15,611
15,611
-
-
-
-
-
-
-
16,013
-
-
-
-
-
-|**Total funds**
**2022**
**£**
12,797
7,933
35,667
56,397
81,868
37,932
2,482
15,611
137,893
24,269
13,729
37,998
-
-
3,380
3,380
235,668
738
738
13,032
4,370
17,402
18,140|**Total funds**
**2021**
**£**
7,876
6,807
22,000| |---|---|---|---|---| |||||36,683| |||||-
3,068
-
-| |||||3,068| |||||59
-| |||||59| |||||591| |||||591| |||||-| |||||-| |||||40,401
-| |||||-| |||||574
-| |||||574| |||||574| Page 19 ## **The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities** |Visual and Performing
Arts
Room Hire
Brochure
Other
Governance costs
Accountancy fees
Legal fees
Professional fees
**Total of expenditure on**
**charitable activities**
Other expenditure
Card processing costs
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Freelance staff
Premises costs
Rent
Rates
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative
costs, including
depreciation and
amortisation
Depreciation of Fixtures
and Fittings
Bad debts
Bank charges
General insurances
Postage and couriers
Software, IT support and
related costs
Stationery and printing|36,310
8,676
10,410
4,276
59,672
500
313
1,350
2,163
61,835
5,170
5,170
50,475
5,618
1,074
818
8,017
66,002
4,015
911
9,720
3,313
2,762
12,324
2,411
35,456
-
(96)
520
2,762
40
10,378
1,434|-
-
-
649
649
-
-
-
-
649
-
-
15,076
-
-
-
-
15,076
-
-
-
-
-
10,473
-
10,473
-
-
-
-
-
-
-|36,310
8,676
10,410
4,925
60,321
500
313
1,350
2,163
62,484
5,170
5,170
65,551
5,618
1,074
818
8,017
81,078
4,015
911
9,720
3,313
2,762
22,797
2,411
45,929
-
(96)
520
2,762
40
10,378
1,434|-
80
233
1,738| |---|---|---|---|---| |||||2,051| |||||500
485
640| |||||1,625| |||||3,676
1,874| |||||1,874| |||||22,086
2,239
1,500
4
144| |||||25,973| |||||4,015
1,065
5,375
1,873
-
3,589
1,176| |||||17,093| |||||-
8,000
276
3,217
232
21,291
143| Page 20 ## **The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities** |Sundry expenses
Telephone, fax and
broadband
**Total of expenditure of**
**other costs**
**Total expenditure**
Net gains on
investments
**Net income/(expenditure)**
**Net income/(expenditure)**
**before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|3,625
1,343
20,006
126,634
206,609
-
13,046
13,046
-
13,046
124,944
137,990|-
-
-
25,549
26,198
-
(10,185)
(10,185)
-
(10,185)
56,486
46,301|3,625
1,343
20,006
152,183
232,807
-
2,861
2,861
-
2,861
181,430
184,291|35
1,279| |---|---|---|---|---| |||||34,473| |||||79,413| |||||83,663
-| |||||(43,262)| |||||(43,262)
48,592| |||||5,330| |||||176,100| |||||181,430| Page 21