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2024-03-31-accounts

The Cranleigh Arts Centre Limited

Charity No. 284186

Trustee's Report and Unaudited Accounts

31 March 2024

The Cranleigh Arts Centre Limited Contents

Pages
Trustee's Annual Report 2 - 5
Independent Examiner's Report 6
Statement of Financial Ac:vi:es 7
Balance Sheet 8
Notes to the Accounts 9-18
Statement of Cash flows
19
Detailed Statement of Financial Activities 20-21

The Cranleigh Arts Centre Limited Trustees Annual Report

The Trustee's present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 284186

Principal Office

1 High Street Cranleigh GU6 8AS

Trustees & Directors

The following trustees served during the year:

K Agarwal (resigned 06/06/24) B Belcher (resigned 31/12/23) J Burford (appointed 01/11/23) (resigned 02/01/24)

B. Freeston

C. Heslop

D Hitchen (resigned 31/07/23) A Frogga\ (appointed 01/11/23) S Gallo (appointed 01/11/23)

S. Rabinowitz

G Rivers (appointed 13/03/24) (resigned 17/04/24) J Sanctuary (resigned 17/04/23) G Scurry (appointed 15/04/24) Treasurer J Haile (appointed 1/11/23)

Board Secretary J Scurry (appointed 10/01/24) TWM Corporate Services (resigned 10/01/24)

Independent Examiner

MHM Accoun:ng Solu:ons 13 Mapledrakes Close Ewhurst GU6 7QR

The Trustee's are responsible for keeping proper accoun:ng records that disclose with reasonable accuracy at any :me the financial posi:on of the charity and to enable them to ensure that the financial statements comply with the Chari:es Act 2011, the applicable Chari:es (Accounts and Reports) Regula:ons, and the provisions of the Trust deed. The Trustee's are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the preven:on and detec:on of fraud and other irregulari:es.

Page 2

The Cranleigh Arts Centre Limited

Report of the Trustees for the year ended 31 March 2023

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report for the year ended 31 March 2024. The financial statements for the year are also a\ached.

Overall summary

We have made significant improvements to the fabric of Cranleigh Arts Centre during the year under review. These enhanced facili:es have posi:oned us to best deliver our charitable cultural objec:ves to the local community and beyond. Along with these changes we have worked to consolidate administra:ve and organisa:onal processes to ensure opera:onal efficiency and effec:veness. Our financial reserves, now reduced to an appropriate level, remain adequate and the Board con:nues to adopt a conserva:ve approach to ensure the solvency of the Arts Centre in the current difficult economic environment.

Our objectives

In line with our Ar:cles of Associa:on, we remain focussed on promo:ng and encouraging par:cipa:on in the arts and other leisure ac:vi:es (other than sport). Our proposi:on is to meet the needs of all ages of those living in Cranleigh and the surrounding area. We strive to embrace these objec:ves through educa:on, exhibi:on, performance and par:cipa:on in a wide range of activities.

Our small, paid staff, mostly part-:me, is supported by volunteers without whom we could not operate at the scale that we do. Our Board, currently six in number, is drawn from within our community and brings a broad range of skills that complement and support our ac:vi:es.

We con:nue to open from Tuesday un:l Saturday with ac:vi:es and events running morning, ahernoon and evening.

Our programme has included:

Live Music – very popular; tribute bands – not big income earners for the Arts Centre but they keep our profile raised.

Classical and jazz concerts presented using the raked sea:ng or café-style with cheese and wine.

Cinema – screening of current films and very popular live streaming from the Royal Opera House and Na:onal Theatre. We are looking to further develop a ‘Silver Screenings’ programme with refreshments to bring older people in for warmth, company and entertainment during the shorter winter days.

Comedy – Comedy Club and sell-out gigs from well-known comedians such as Romesh Ranganathan and Simon Evans.

Open Mic Nights – to enable local musicians and spoken-word ar:stes to showcase their music and other content.

Young People and Families programming: story-telling, crah, nature talks/displays; Lego Brick People, Supersonic Science – making Science Fun.

Page 3

Hires – Art Hub for GCSE students, Cranleigh Dance, In2Drama, West End Theatre Academy Produc:ons, Showdown Theatre Arts, Snow Play, VMA Dance, Surrey Youth Theatre – weekly during term-:me, Community Drum Circle; and for Health & Wellbeing we hire out space yoga, mindfulness courses; sound baths, art and crah courses/workshops.

Open Exhibi:ons in our gallery cafe – showcasing 40 local ar:sts and seven local schools.

Quiz nights and Bridge Tea – bringing people together in a relaxed seqng.

LDN Wrestling – appealing to a different and younger demographic from a far wider area

Literary Fes:val Week – 14 events including a crime writers panel and workshops and a free talk with Guildford Town Guides. We are looking to extend this to include more focus on local writers (strengthening our connec:on with our resident writers’ group) and a broader offer which includes linked films, plays and workshops.

In addi:on to Centre-based ac:vity we reached out into the local community at the Cranleigh Carnival, the Cranleigh Car Show, invited schools to a\end lunch:me classical concerts and to present their own concerts – this included Menuhin School Strings.

Young People’s professional development was enhanced through Duke of Edinburgh

Volunteering opportuni:es and local secondary school student-week work experience (10 in the past year). We would like to encourage more volunteering from young people and younger adults and are exploring ways to do this. We con:nue to have young people with special needs working as volunteers and every Monday, when the building is closed to the general public our space is given over to Demen:a Ma\er groups.

We achieved the accolade of being the 2024 Winner of Muddy S:le\os Award for Arts, Culture & Theatre Venue in Surrey.

Staffing & Volunteers

We currently operate with 5 permanent paid staff, 4 of whom are part-:me, supported by over 100 volunteers who work at the Box Office or as coffee bar/evening bar staff, stewards at our events, Duty Managers during the morning, ahernoon and evening, operate lights and sound in the auditorium, draw up and complete our commercial contracts with performers, act as bookkeepers, paint and decorate, look aher our gardens and assist with driving folks to and from the Arts Centre. To these and all our volunteers, the Board of Trustees offers sincere thanks and gra:tude for all their work and commitment.

Fundraising

Fundraising is central for the long-term viability of the Arts Centre. Our successful :cket sales allow us to survive, but not to grow. We need to grow in order to meet the demand from our community that has doubled in size to over 24,000 in less than 14 years. With most of that happening in the last 5 years.

The significant and con:nuing support of the Friends of Cranleigh via subscrip:ons and dona:ons remains of vital importance.

We also received dona:ons from various businesses and a number of individuals throughout the year and here too we are grateful for the support given to us.

During the year we received grants of £30,000 from Waverley Borough Council from their Thriving Communi:es Fund and £16,938 from the Na:onal Lo\ery Community Fund to support our engagement of paid Volunteer Coordinators, and £1,530 from Cava:na Chamber Music Trust to enable youngsters to appreciate live classical music.

Page 4

Financial matters

Our turnover in the 12 months to 31 March 2024 was £416,407.

Our capital and reserves at 31 March 2024 were £130,804. Of this, unrestricted reserves were £128,401. The small balance was made up of monies held as a result of grants and dona:ons which carried some form of restric:on as to purpose.

During the year to 31 March 2024 £233,396 was invested in improving our building and facili:es. Of this expenditure £169,942 was funded from S106 restricted reserves resul:ng from historical grants from Waverley Borough Council, the balance of

£63,454 being funded from unrestricted reserves. Addi:onal investments of £32,091 investment in plant and equipment were also made in the year. Applicable accoun:ng policy required these investments to be depreciated to zero rather than being capitalised thus contribu:ng the overall accoun:ng loss of £258,292 in the year. When the immediate write-off of investments and excep:onal accoun:ng adjustments are stripped out of the profit and loss accounts, the underlying opera:ng margin for the year was £32,946.

Reserves policy

In line with guidance from The Charity Commission we seek to hold unrestricted reserves equivalent to 6 months’ opera:ng costs so as to provide a buffer against unexpected costs and changes in our opera:ng environment. These funds are deposited in bank savings accounts a\rac:ng a compe::ve interest rate and can be called upon when required.

Future Strategy

During 2024/5 and with the improvements to our facili:es completed, we plan to consolidate our systems, opera:ons, and reserves so as to ensure future stability. This will involve renewal of ageing equipment and necessary repairs to the infrastructure so as to ensure the reliability and ready availability of facili:es for opera:onal purposes.

As a charity we have iden:fied community needs among the young and old, those who are lonely or suffering from long term illness and those who have recently arrived at our shores and may find our way of life unfamiliar. So, in the years ahead we have the following objec:ves:

To strengthen our financial capabili:es, allowing us to spend grants, surplus and donated funds for the be\erment of the community as a whole, especially the rapidly expanding popula:on of Cranleigh and its surrounds;

To expand the range of facili:es we provide and broaden the range, age and background of people who use our facili:es; and to work with other local organisa:ons in these endeavours for the benefit of the local community as a whole.

To achieve these objec:ves, we will need to depend and rely upon the ongoing help, commitment, experience and exper:se of much valued and appreciated volunteers and staff. We provide well for our exis:ng audience but we need to grow to keep our coveted epithet as Cranleigh’s “bea:ng heart”.

Brian Freeston Chairman

Page 5

The Cranleigh Arts Centre Limited Independent Examiners Report

Independent Examiner's Report to the Trustee's of The Cranleigh Arts Centre Limited

I report to the Trustees on my examina:on of the financial statements of The Cranleigh Arts Centre Limited for the year ended 31 March 2024.

ResponsibiliSes and basis of report

As the charity's trustee you are responsible for the prepara:on of the financial statements in accordance with the requirements of the Chari:es Act 2011 ('the Act').

I report in respect of my examina:on of the charity's financial statements carried out under sec:on 145 of the 2011 Act and in carrying out my examina:on I have followed all the applicable Direc:ons given by the Charity Commission under sec:on 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in sec:on 145 of the 2011 Act. I confirm that I am qualified to undertake the examina:on by being a qualified member of Associa:on of Cer:fied Accountants .

I have completed my examina:on. I can confirm that no material ma\ers have come to my a\en:on in connec:on with the examina:on giving me cause to believe that in any material respect:

I have no concerns and have come across no other ma\ers in connec:on with the examina:on to which a\en:on should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Michelle Ma\hews FCCA Associa:on of Cer:fied

Accountants MHM Accoun:ng Solu:ons 13 Mapledrakes Close Ewhurst

GU6 7QR

18 September 2024

Page 6

The Cranleigh Arts Centre Limited Statement of Financial Activities

for the year ended 31 March 2024

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 (expenditure)/income
11
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2024 2024 2024 2023
£ £ £ £
90,252 - 90,252 205,515
241,042 - 241,042 232,352
78,588 - 78,588 73,809
2,288 - 2,288 -
4,238 - 4,238 4,696
416,408 - 416,408 516,372
33,912 - 33,912 33,666
137,878 - 137,878 126,990
528,555 174,742 703,297 196,008
700,345 174,742 875,087 356,664
- - - -
(283,937) (174,742) (458,679) 159,708
- - - -
(283,937) (174,742) (458,679) 159,708
195,556 4,832 200,388 -
(88,381) (169,911) (258,292) 159,708
216,781 172,314 389,095 229,387
128,400 2,404 130,804 389,095

Page 7

The Cranleigh Arts Centre Limited Balance Sheet

at 31 March 2024

Charity No. 284186
Fixed assets
Tangible assets
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors:Amount falling due within one year
16
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
17
Restricted income funds
Unrestricted funds
17
General funds
Designated funds
Reserves
17
Total funds		 2024
£
-
3,908
8,826
207,473
220,207
(89,403)
130,804
130,804
130,804
130,804
2,403
2,403
123,449
4,952
128,401
130,804		 2023
£
-
550
39,962
406,500
447,012
(57,917)
389,095
389,095
389,095
389,095
172,314
172,314
218,625
(1,844)
216,781
389,095

Approved by the trustee 24 September 2024

And signed on their behalf by:

B. Freeston Trustee 24 September 2024

Page 8

The Cranleigh Arts Centre Limited Notes to the Accounts

for the year ended 31 March 2024

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

Income

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 9

The Cranleigh Arts Centre Limited Notes to the Accounts

Expenditure

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:

useful life:
Leasehold property written of in the year of
Fixtures and Fittings % written of in the year of
expenses

All Capital is written on 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 10

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

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 11

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
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
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
funds
2023
£
71,965
232,352
73,809
4,696
382,822
33,666
126,990
198,491
359,147
23,674
23,674
23,674
193,107
216,781
Unrestricted
£
30,527
11,257
48,468
90,252		 Restricted
funds
2023
£
133,550
-
-
-
133,550
-
-
7,673
7,673
125,878
125,878
125,878
46,437
172,315
Total
2024
£
30,527
11,257
48,468
90,252		 Total funds
2023
£
205,515
232,352
73,809
4,696
516,372
33,666
126,990
206,164
366,820
149,552
149,552
149,552
239,544
389,096
Total
2023
£
30,987
8,678
165,850
205,515

Page 12

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
Fund Raising
6
Income from investments
Bank Interest
7
Other income
Exhibitions
Sponsorship
VAT adjustment		 Unrestricted
£
193,420
44,658
2,642
322
241,042
Unrestricted
£
66,998
9,307
2,283
78,588
Unrestricted
£
2,288
2,288
Unrestricted
£
3,519
330
389
4,238		 Total
2024
£
193,420
44,658
2,642
322
241,042
Total
2024
£
66,998
9,307
2,283
78,588
Total
2024
£
2,288
2,288
Total
2024
£
3,519
330
389
4,238		 Total
2023
£
180,724
50,035
960
633
232,352
Total
2023
£
60,087
13,722
-
73,809
Total
2023
£
-
-
Total
2023
£
4,696
-
-
4,696

Page 13

The Cranleigh Arts Centre Limited Notes to the Accounts

8 Expenditure on raising funds

Costs of generating voluntary
income
Subscriptions
Fundraising trading costs
Bar and Café
Courses and Workshops
Fund Raising
9
Expenditure on charitable activities
Expenditure on charitable
activities
Visual and Performing Arts
Room Hire
Brochure
Governance costs
Accountancy fees
Legal fees
Professional fees
10 Other expenditure
Exhibitions
Volunteer Expenses
Ticket Booking Cost
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs		 Unrestricted
£
116
1,237
13,238
102,944
211
61,369
265,457
75,739
8,244
528,555		 Unrestricted
£
23
24,312
8,010
1,567
33,912
Unrestricted
£
115,481
574
20,823
500
-
500
137,878
Restricted
£
-
-
-
-
-
4,831
-
169,911
-
174,742		 Total
2024
£
23
24,312
8,010
1,567
33,912
Total
2024
£
115,481
574
20,823
500
-
500
137,878
Total
2024
£
116
1,237
13,238
102,944
211
66,200
265,457
245,650
8,244
703,297		 Total
2023
£
-
23,620
10,046
-
33,666
Total
2023
£
106,337
517
18,604
500
598
434
126,990
Total
2023
£
3,175
649
-
96,140
1,921
57,590
-
29,892
6,641
196,008

Page 14

The Cranleigh Arts Centre Limited Notes to the Accounts

11 Net (expenditure)/income before transfers

This is stated after charging:
Depreciation of owned fixed assets
12 Staff costs
Salaries and wages
Social security costs
Pension costs		 2024
£
265,457
2024
77,788
969
1,489
80,246		 2023
£
-
2023
69,486
2,037
1,366
72,889

Employee costs stated of £102,944 includes Temporary staff of £22,611

The average monthly number of full time equivalent employees during the year was as follows:

NEST 3
13 Tangible fixed assets
Cost or revaluation
At 1 April 2023
Additions
At 31 March 2024
Depreciation and
impairment
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
14 Stocks
Finished goods
Carrying value analysed by activities
Bar and Café		 Land and
buildings
£
1,166,743
233,396
1,400,139
1,166,743
233,396
1,400,139
-
-		 2024
Number
5		 2023
Number
Total
£
£
66,307
1,237,540
32,061
265,457
98,368
1,502,997
66,307
1,237,540
32,061
265,457
98,368
1,502,997
-
-
-
-
2023
£
550
550
2023
£
550
550
5
Officeand
Equipment		 2023
Number
Total
£
£
66,307
1,237,540
32,061
265,457
98,368
1,502,997
66,307
1,237,540
32,061
265,457
98,368
1,502,997
-
-
-
-
2023
£
550
550
2023
£
550
550
5
Officeand
Equipment
Fixtures and
Fittings
£
4,490
-
4,490
4,490
-
4,490
-
-
2024
£
3,908
3,908
2024
£
3,908
3,908
1,502,997
1,237,540
265,457
1,502,997
-
-
2023
£
550
550
2023
£
550
550

Page 15

The Cranleigh Arts Centre Limited Notes to the Accounts

15 Debtors

15 Debtors
Trade debtors
VAT recoverable
Other debtors
Prepayments and accrued income
16 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals
Deferred income		 2024
£
(56)
3,274
5,608
-
8,826
2024
£
20,141
9,913
37,168		 2023
£
3,524
7,537
11,883
17,018
39,962
2023
£
9,306
2,266
50,138
10,304 3,201
11,877 (6,994)
89,403 57,917

Page 16

The Cranleigh Arts Centre Limited Notes to the Accounts

17 Movement in funds

Movement in funds
At 1 April
2023
2,403
169,911
172,314
218,625
(7,977)
4,831
102
1,200
(1,844)
205,388
389,095		 Incoming
resources
(including
other
gains/losses)
£
-
-
-
416,408
-
-
-
-
-
-
416,408		 Resources
expended
£		 Gross
transfers
£
-
-
-
(11,627)
12,827
-
-
(1,200)
11,627
-		 At 31
March
2024
£
2,403
-
Restricted funds:
Restricted income funds:
Ticket Fund
s106 Grant
Total
Unrestricted funds:
General funds
Designated funds:
General Fund
Technical Development Fund
Young Person Development
Fund
Marketing Donation
Total
-
(169,911)
(169,911)
(499,957)
-
(4,831)
-
-
(4,831)
(205,388)
(674,699)
2,403
123,449
4,850
-
102
-
4,952
Revaluation fund -
Total funds
130,804

Purposes and restrictions in relation to the funds:

Restricted funds: 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.

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 Young Person Development a designated fund for the remaining small balance of this grant given some Fund years ago will be used to support our work with young people in the community. Marketing Donation a designated fund for this donation was made by an individual donor to support the marketing of our events programme

Page 17

The Cranleigh Arts Centre Limited Notes to the Accounts

18 Analysis of net assets between funds

18 Analysis of net assets between funds
Net current assets
19 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2023
£		 Unrestricted
funds
£
130,804
130,804
Cash flows
£		 Total
£
130,804
130,804
At 31
March
2024
£
406,500 (199,027) 207,473
406,500
406,500		 (199,027)
(199,027)		 207,473
207,473

20 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Pension commitments

2024 2023
£ £
The pension cost charge to the charity
amounted to: 1,489 1,366

Page 18

The Cranleigh Arts Centre Limited Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in stocks
Decrease/(Increase) in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash (used in)/from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
(258,292)
265,457
(6,526)
(3,358)
31,136
12,615
41,033
(265,457)
6,526
(258,931)
-
(217,899)
406,500
188,602		 2023
£
149,552
-
(4,696)
-
(30,321)
30,977
145,511
-
4,696
4,696
-
150,207
273,578
423,785
Components of cash and cash equivalents
Cash and bank balances 207,473 406,500
207,473 406,500

Page 19

The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities

for the year ended 31 March 2024

Income and endowments from:
Donations and legacies
Donations
Subscriptions
Waverley BC Grants
Charitable activities
Visual and Performing Arts
Room Hire
Brochure
Other
Other trading activities
Bar and Café
Courses and Workshops
Fund Raising
Investments
Bank Interest
Other
Exhibitions
Sponsership
VAT
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Subscriptions
Costs of other trading activities
Bar and Café
Courses and Workshops
Fund Raising
Total of expenditure on raising
funds		 Unrestricted
funds
2024
£
30,527
11,257
48,468
90,252
193,420
44,658
2,642
322
241,042
66,998
9,307
2,283
78,588
2,288
2,288
3,519
330
389
4,238
416,408
23
23
24,312
8,010
1,567
33,889
33,912		 Restricted
funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2024
£
30,527
11,257
48,468
90,252
193,420
44,658
2,642
322
241,042
66,998
9,307
2,283
78,588
2,288
2,288
3,519
330
389
4,238
416,408
23
23
24,312
8,010
1,567
33,889
33,912		 Total funds
2023
£
30,987
8,678
165,850
205,515
180,724
50,035
960
633
232,352
60,087
13,722
-
73,809
-
-
4,696
-
-
4,696
516,372
-
-
23,620
10,046
-
33,666
33,666

Page 20

The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities

Charitable activities
Visual and Performing Arts
Room Hire
Brochure
Governance costs
Accountancy fees
Legal fees
Professional fees
Total of expenditure on charitable
activities
Other expenditure
Exhibitions
Volunteer Expenses
Other interest payable
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Staff welfare
Temporary staff
Motor and travel costs
Travel and subsistence
Fares
Premises costs
Rent
Rates
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
Fittings
Depreciation of		 115,481
574
20,823
136,878
500
-
500
1,000
137,878
116
1,237
13,238
14,591
77,788
969
1,489
-
87
22,611
102,944
211
-
211
4,015
2,243
22,967
914
29,024
2,206
61,369
233,396
-
32,061		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,831
-
4,831
-
-
-		 115,481
574
20,823
136,878
500
-
500
1,000
137,878
116
1,237
13,238
14,591
77,788
969
1,489
-
87
22,611
102,944
211
-
211
4,015
2,243
22,967
914
33,855
2,206
66,200
233,396
-
32,061		 106,337
517
18,604
125,458
500
598
434
1,532
126,990
3,175
649
-
3,824
69,486
2,037
1,366
671
391
22,189
96,140
341
1,580
1,921
2,008
1,004
15,058
2,880
34,366
2,274
57,590
-
-
-

Page 21

The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities

Improvements to building
Bank charges
General insurances
Postage and couriers Software,
IT support and related costs
Stationery and printing Sundry
expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Transfer of Funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 47,675
892
8,333
16
12,390
3,232
1,465
1,736
341,196
618
7,626
8,244
528,555
700,345
-
(283,937)
(283,937)
195,556
(88,381)
216,781
128,400		 169,911
-
-
-
-
-
-
-
169,911
-
-
-
174,742
174,742
-
(174,742)
(174,742)
4,832
(169,911)
172,314
2,404		 217,586
892
8,333
16
12,390
3,232
1,465
1,736
511,107
618
7,626
8,244
703,297
875,087
-
(458,679)
(458,679)
200,388
(258,292)
389,095
130,804		 -
930
2,684
3
8,317
1,272
15,286
1,400
29,892
548
6,093
6,641
196,008
356,664
-
159,708
159,708
-
159,708
229,387
389,095

Page 21