crescent
arts
Crescent Arts
Report of the Trustees and
Unaudited Financial Statements
for the year ended
31 March 2024
Reglstered Charlty Number: 513099
Ashby Berry Coulsons
Chartered Accountants
Belgrave Crescent
Scarborough

Cre8cent Art#
Contents of tbe FiD*nelal Statements
for the Year Ended 31 March 2024
Page
Reference and Admlnlstratfve Detalls
Report of the Trustees
Independent Examlner'8 Report
Statement of Financial Actlvltles
B8lance Sheet
Notes to the FlnaDclal Statements
Detalled Statement of FIDancial Activitie8
18

Cre8cent Art8
Reference 8nd Admlnlstratlve Details
for the Year Ended 31 March 2024
Trustees
Victoria Burns
James Boaden
Nll Obodai
Becky Gee
Jade Montserrat
Sam Metz
Appointed 24 July 2023
Resigned 13 November 2023
Resigned 23 November 2023
Dlr¢¢tor
Vickie Bissett
Prlnclpal address
Woodend Creative Workspace
Th¢ Crescent
Scarborough
North Yorkshire
Yoll 2PW
Reg18tered cbarlty number
513099
Independent examiner
Ashby Beny Coulsons
2 BeI￿ve Crescent
Scarborough
North Yorkshire
YOI I IUB
Bankers
Virgin Money
24 Huntriss Row
S¢arborough
North Yorkshire
YOI12EG
Page I

Crescent Arts
Report of the Trustees
for the Year Ended 31 March 2024
The trustees present their report with the f￿￿1claI statements of the charity for the year ended
31 March 2024, The trustees have adopted the provisions of Accounting and Reporting by Charities:
Siatement of Rccommended Practice applicable to charities prq)aring their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2019).
Objectives And activilies
The objectives of the charity are to foster and promote the maintenance, improvement and development of
artistic taste and an interest, knowledge, understanding and appreciation of arts amongst the inhabitants of
Scarborough, North Yorkshire and beyond. The trustees have had due regard to guidance published by the
Charity Commission on public benefit and consider that public benefit is manifested in the annual arts
programme which is free and promoted and open to all and through the programme of educational
workshops, open to the public, which aim to enhance the appreciation and application of contemporary arts
practice. The newly adopted vision, mission and values for Crescent Arts are embedded into the ethos and
practice of the organisation, and are as follows:
Vfjslon - Crescent Arts is a vibrant creative hub rooted in Scarborough: responding to the need for equity and
social justice by nurturing diverse artistic talent, connecting people to art and artists, making contemporary
visual arts publicly accessible through meaningful participation and enjoyment, and working to address the
climate crisis and support climate justice.
Mission
To advance understanding and cngagement with contemporary visual art by establishing and
maintaining a creative hub in Scarborough, providing exhibitions of art, workshops, professional
development for artists, talks and events for the benefit of the public.
Values
Anti-racist
Committed to being a learning organisation
Invested in the well-being of artists and our communities
Prioritising the development of contemporary visual arts and artists
Working to address the climate crisis and support climate justice
The above vision, mission and values are articulated through the Crescent Arts, year round programme.
organisational culture and in the partnerships that we develop and take part in.
Page 2

Creseent Art8
Report of the Trustees
for the Year Ended 31 March 2024
Achievement and performance
The charity's public programme is demonstrated as an annual visual arts programme of exhibitions,
workshops and events, which is designed to attract and engage local Scarborough residents in accessible
creative arts activities.
Our evolving partnership with Scarborough Museums and Gallcrics (SMG), has provided a new environment
and basc for these activitics at Woodend Creative Workspace.
In partnership with SMG, we continue to support the development of the successful Connccting Coastal
Culturcs (CCC) project fimdcd by Arts Council England (ACE) Lottery Projects fund. Collabordtively
delivering an exhibition pmgramme offering new art comrnissions, talent dcvelopmcnt for emerging artists
across North Yorkshirc and Humberside, and building relationships between visual art galleries and
muscums in Northcrn towns on thc east and wcst coastlines.
Cresccnt Arts remains an active contributor to FORGE, previously COAST, North Yorkshir¢'s Local
Cultural Education Partnership, as a member of its Stewing Group.
Our website. previously comrnissioned from Leeds-based design practice Saul Studio, continues to provide
an important platforn] for public access to our worK complimented by an enhanced use of social media
channels.
Flnancial review
Total reserves at 31 March 2024 amounted to £30,377 (2023: £28,579), all represented by unrestricted n
current assets. The level of reserves is in line with our commitment to hold approximately 3 months
unrcstricted running costs and maintains reserves to the lower end of the range of 34 months expenditure in
line with the charity's reserves policy.
Crescent Arts continues to be funded by ACE as a National Portfolio Organisation (NPO); we remain at
standstill funding status. This report falls within the f￿st year of our current NPO agreement 2023-2026,
which amounts to £71k per annum, and totals £213,219. In late 2023, ACE confirn]ed that NPOS will be
invited to apply for a one year extension, which will extend NPO agTeements until March 2027. Crescent
Arts intends to apply for the extension which will increase the cumt NPO grant to £284,292 over four
years.
The Connecting Coastal Culture (CCC) project secured from ACE Lottery Projects and totalling £71,642, is
managed by SMG on behalf of our partnership.
Crescent Arts currently receives £8,000 per annum from North Yorkshire Council. NYC have confirn]ed to
maintain this annual funding agreement as an ongoing commitment to Crescent Arts in linc with thc ACE
NPO fijnding timcframc.
We continue to draw on independent expertise to support development of Fundraising Opportunities &
Initial Strategy, to focus our appmaches to trusts and foundations and scopc the potcntial for earned income
and philanthropy.
Page 3

Crescent Arts
Report of the Trustees
for the Year Ended 31 March 2024
Structure) governance and management
Crescent Arts is an associalion governed by its constitution, originally adopted in March 1981 and
subsequently amended, most recently in October 1999. Crescent Arts beC￿lle a registered charity on I st
November 1982. The charity is managed by a committee. New committee members are recruited from the
charity's subscribing members and are appointed at the Annual General meeting, The Management
Committee regularly reviews the major risks which may arise in each of the charity's main areas of operation
and considers that this review enables such risks to be identified and managed.
Statement of compllance wlth prevailing laws and regulations
The financial statements have been prepared to give a 'true and fair, view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair
view,. This departure has involved following the 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) issued in October 2019.
Approved by order of the board of trustees on £.o.aIL4W￿-,.￿p.Z.ts........ and signed on its behalf by:
Ic)I'ia Burns- Co-chair
Jamcs Boaden- Co-chair
Page 4

Independent Ex¥4miner's Report to the Trustees of
Crescent Arts
Independent examlner's report to the trustees of Crescent Arts
I report to the charity trustees on my examination of the accounts of Crescent Arts (the Trust) for the year
ended 31 March 2024.
ResponsibilitAes and basls of report
As the charity Irustees of the TTUSt you are responsible for the prq)aration of the accounts in accordance with
the requirements of the Charilics Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carrying out Tny cxarnination I have followed all applicable Directions given by the Charity Commission
under Section 145(5)(b) of the Act.
Independent exydminer's ststement
I have completed my examination. I confinn that no material matters have come to my attention in
connection with the cxamination giving me cause to believe that in any material rcspect:
accounting records werc not kept in respect of the Trust as required by Section 130 of thc Act. or
the accounts do nol accord with those records" or
th¢ accounts do not comply with the applicable requirements concerning the fom] and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that th¢ accounts give a true and fair view which is not a Matter considered as part of an independenl
examination.
have no concerns and have come across no other rnatters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Anne Mead Bsc FCA
Ashby Bery Coulsons
2 Bclgravc Crcscent
Scarbomugh
North Yorkshirc
YOII IUB
Datc: .£.(xknk)A.F,.2o.%l+..
Page 5

Crescent Arts
Statement of Financial Aetivities
for the Year Ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fimd
fund
Notes
Income and endowments from
Donations and legacies
79,073
14,874
93,947
99,551
Charitable activities
Core activitics
401
401
7,342
Investment incom¢
26
26
16
Total
94
106,909
Expenditure on
Charitable activitie5
Core activities
92
104 1)68
IYET IIYCOME
1,798
1,798
1,941
Reconcillation of funds
Total funds brought forward
28￿79
28,579
26,638
Total funds carried forward
30
?8,579
The notes fonn part of these financial statements
Page 6

Crescent Arts
Balance Sheet
31 March 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
1,751
37,967
32,824
Creditors
Amounts falling due within one year
12
(7,590)
(4,245)
Net current assets
Total assets less current liAbilities
30J77
28,579
NET ASSETS
211.57()
Funds
Unrestricted funds
14
30
Total funds
311 .377
?8,57y
The financial statements were approved by the Board of Trustees and authorised for issue on
.&..o.C4x)W..za%Lfr.... and were signed on its behalf by:
jLtoria Burns - TNstee
James Boaden - Trustee
The notes forni part of these financial statements
Page 7

Crescent Arts
Notes to the Financial Statements
for the Year Ended 31 March 2024
Accountlng polleie$
General informatlon
Crescent Arts is an association governed by its constitution in England. Its address is given in the
charity infomiation on page l of these financial statcinents. The nature of the charity's operations and
principal activities to foster and prornotc the arts.
Basis of preparing the flnancial statements
The charity constitut&8 a public benefit entity as defined by FRS 102. The financial statements have
been prq)ared in ac￿rdanCe with Accounting and Rqx)rting by Charities: Statement of
Recon]mended Practice applicable to charities prq)aring their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in
October 2019, the Financial Rq)orling Standard applicable in the Unitcd Kingdom and Republic of
Ireland (FRS 102), the Charities Act 201 l and UK Generally Accepted Practice.
Statement of compliance Ivith prevvdiling lajvs and regulations
The financial statements have been prepared to give a 'tNe and fair, view and have departed from the
Charities (Accounts and Reports} Regulations 2008 only to the extent required to provide a 'tTue and
fair view,. This dq)arture has involved following the 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) issued
on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effective from l April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost conventiorL
modified to include certain items at fair value. The financial statements are presented in sterling
which is the functional currency of the charity and rounded to the nearest £.
Accounting policies
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Judgements and key sources of estimation uncertainty
The trustees consider Ihat no judgements, apart from those involving estimates, have been made in the
proc&8s of applying the abovc accounting policics which have had a significant effect on amounts
rccogniscd in the financial statements.
Thc trustees consider that no key assumptions concerning the future and other kcy sources of
estimation uncertainty at the reporting date have been made which have a significant risk of causing a
material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Funds
Unrcstrictcd funds are available for use at the discretion of the trustecs in furthcrancc of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administcring such funds are charged against the specific fi]nd. The aim and use of each restricted
fund is set out in the notes to the financial statements,
Pag¢ 8
continued...

Crescent Arts
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
Accountlng polleies - Continued
Income
Income is recognised when the charity has entitlement to the funds, any perforn]ance conditions
attached to the itcm(s) of income havc been met, it is probable that thc income will be receivcd and
thc amount can be measured reliably.
Income from govcrnmcnt and other grants, whcthcr 'capital' grants or 'rcvenue' grants, is recognised
at fair value when the charily has entitlement to the funds, any perforn]ance conditions attached to thc
grants have been met, it is probable ihat the incomc will bc rcccivcd and the amount can be mcasurcd
reliably.
liicome reccivcd in advancc of the provision of specified serviccs is dcfcrrcd until ihc Criteria for
income recognition are met.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that settlement will bc required and the
amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support costs and
governance costs, are allocated or apportioned to the applicable expenditure headings in the statement
of financial activities.
Expenditure on charitable activities includes the costs of activities undertaken to further the purposes
of the charity and their associated support costs.
Support costs are those functions thal assist the work of the charity but do not directly undertake
charitable activities. Support costs iiiclude administrative and governance costs. Governance costs
comprise all costs involving the public accountability of the charity and its compliance with regulation
and good practice.
Irrecoverable VAT
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred,
Trdngible fixed assets
Fixed assets costing more than £1,000 are capitaliscd at Cost and are depreciated over their estimatcd
useful economic livcs on a straight line basis at the following annual rates.
Plant and machinery
Fixtures and fittings
Computer equipment
io%
Debtors Vdnd creditors receivablelpayable
Debtors and creditors with no stated interest rate and receivablc or payablc within onc year are
recorded at transaction pric¢. Any loss&s arising from impairn]ent are recognised in ¢xp¢nditur¢.
Page 9
continued...

Crescent Arts
Notes to the Financial Statements - eoDtinued
for the Year Ended 31 March 2024
Accountlng pollcies - continued
Impairment
Assets not measured at fair value are reviewcd for any indication that the asset may be impaired at
each balance sheet date. Ir such indication exists, the recoverable amount of the asset, or the assct's
cash gen¢rating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impaimient loss is rccogniscd in profit or loss unless the asset is
carried at a revalued arnount wherc the impairment loss is a revaluation decrease.
Leases
Rcntals payable and receivable under operating leases arc charged to thc statcmcnt of financial
activities on a straight line basis over the period of the leasc.
Employee benefits
When employees have rendered service to the charity, short-tern] employee benefits to which thc
employccs are entitled are recognised at the undiscounted amount cxpected to be paid in exchange for
that service.
Thc charity contributes to a defined contribution workplace pension plan for the benefit of its
employees. Contributions are charged to the statement of financial activities in the period to which
they relate.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Golng concern
The financial statements I￿ve been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trnstees have considered the level of funds held and in their view, the
expected level of income and expenditure for 12 months from authorising these financial statemfflits,
is sufficient, with the reserves held, for the charity to be able to continue as a going concern.
Donatlons and legacies
2024
2023
Grants
99,551
£14,874 (2023: £20,348) of th¢ above income was attributable to restricted funds and £79,073 (2023-
£79,203) was attribulable to unrestricted funds.
Page 10
continued...

Crescent Arts
Notes to the Flnancfjal Statements - contlnued
for the YeAr Ended 31 March 2024
Donatlons and legrlcies - eontinued
Grants received, included in the above, are as follows".
2024
2023
Arts Council England - National Portfolio Organisation grant
Scart)orough Borough Council - Service level agreement
National Heritagc Lottery Fund - Always Been Here
Scarborough Borough Council - Young Scarborough Artists
Gmw!
Cross Lane Project
Forestry Commission - Exhibition
Scarborough Borough Council - Business Adaptation grant
Other grant income
71,073 71,073
8.000
8,000
14,874
3,483
8,214
6,000
1,500
1.151
130
93,947 96,891
There were no unfulf)Iled conditions or other contingencies attaching to grants recognised in income
for the year ended 31 March 2024 or for the preceding year.
Investment Income
2024
2023
Deposit account interest
26
16
Income from Charitable activities
2024
2023
Activity
Core activities
Core activities
Courses and workshops
Partnership development
381
20
1,442
401
7,342
All thc above income for the current and preceding ycar was attributsble to unrestricted funds.
Charitable aetivities costs
Direct
Costs (see
note 6)
Support
costs (sec
note 7)
Totals
Core activities
Comparatlves for Charitable activities costs
Core activities
99,497
5,471
104,968
Pagell
continued...

Creseent Arts
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
Support costs
Governance
costs
Management
Totals
Core activities
Comparatives for support costs
Core activitics
3,437
2,034
5,471
Independent examiner's remuneration
2024
2023
Indcpcndcnt examination and accounts pryaration
,()51)
Support costs, included in the above, are as follows:
Management
2024
Core
activities
2023
Total
activities
Bookkeeping
Recruitment advertising
1,404
240
3,437
Governanee Costs
2024
2023
Total
activities
Core
activities
Accountancy
Professional fees
Other governancc costs
1,650
3,060
1,650
384
Page 12
continued...

Crescent Arts
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 March 2024
Trustees, remuneration and benefits
No trustee received any remuneratio￿ or other benefits during the year. (2023- Nil)
Trustees expenses
No expenses werc rcimbursed to any trustee during the year (2023: £Nil).
St¥4ff costs
2024
2023
Wages and salaries
Othcr pension costs
49.206
206
62,141
819
49,412
62,960
The full time equivalent number of staff at 31 March 2024 was l (2023: 1).
The total remuneration of key management personnel amounted to £7,000 (2023: £21,559}.
The average monthly number of employees during the year was as follows:
2024
2023
Part Time employees
No employees received emoluments in excess of £60,000,
Comparatlves for the stAtement of fin4neial activities
Unrestricted Restricted
fund
fund
Total
funds
Income and endoivments from
Donations and Icgacics
79,203
20,348
99,551
Charitable activities
Core activities
7,342
7.342
Investment incomc
16
16
Total
86,561
106 909
Expenditure on
Charitable activities
Core activities
84,620
20,348
104,968
IYET INCOME
1,941
1,941
Page 13
continued...

Crescent Arts
Notes to the Flnanclal Statements - continued
for the Year Ended 31 March 2024
Comparatives for the statement of fiDanclal actlvllle8 - conllnued
Unrestricted Restricted
nd
fund
Total
funds
Reconclllation of funds
Total funds brought forward
26,638
26,638
Total funds ￿rrIed forward
28,579
28,579
10. Tanglble flxed assets
Fixtures
and
fittings
Cost
At l April 2023 and 31 March 2024
Depreclatlon
At l April 2023 and 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
I l. Debtor8: amounts falling due within one year
2024
2023
Other debtors
Prepayments
18J34
350
19 3(18
Page 14
continued...

Crescent Arts
Notes to the FIDancial Statements - continued
for the Year Ended 31 March 2024
12. Credltors: amounts falllng due within one year
2024
2023
Trade creditors
Social security and other taxes
Other creditors
Accrued exp¢nses
2,710
386
2,204
417
1,625
4.245
13. AnAIysi8 of net assets behveen funds
2024
Total
funds
2023
Total
funds
Unrestrithed Restricted
fund
fund
Current assets
Current liabilities
37,967
37,967
32,824
30
30,377
28,579
Comparatlves for analysls of net assets between funds
Current Assets
Current Liabilities
32.11?4
4,?45
4,?45
28,579
28.579
Page 15
continued...

Crescent Arts
Notes to the Flnanclal Statements - continued
for the YeY4r Ended 31 March 2024
14. Movement In funds
At l April
2023
Incoming
Resourtes
Resources
Expended
At 31 March
2024
Unrestrieted funds
General fund
79,500
77,70?
30,377
Restricted funds
National Heritage Lottery
Fund - Always Been Here
14.874
(14,874)
Comparatlves for movement In funds
Unrestricted funds
General fund
26,638
86,560
(84,619)
28,579
Restricted funds
Cross Lan¢ project
SBC - Young Scarborough
Artists
SBC - Business adaptation
grant
Dalby Forest exhibition
Grow! project
6,000
(6,000)
3,483
(3,483)
(1,151)
(1,500)
{8,214)
1 .501)
8,214
(20,348)
IS. Related party disclosures
There wcrc no related party transactions for thc ycar cnded
Page 16
continued...

Crescent Arts
Detailed Statement of Finaneial Actlvities
for the Year Ended 31 March 2024
2024
2023
Income and endowments
Donations and legacies
Grants
93,947
99,551
Investment income
Dq)osit account intercst
26
16
Charitable activities
Courses and workshops
Partnership development
381
20
1,447
5 C)O(I
401
7,-342
Total incoming resources
94J74
l 0(),90()
Expenditure
Charitable activities
Wages
Pensions
Photocopier leasing
Insurance
Basement clearance costs
Office costs
Other establishment costs
Travel and subsistence
Rent
Exhibition costs
Courses & workshops
Publicity costs
Consultancy
Staff training
Funding contributions to partners
49,206
206
62,141
819
671
2,674
1,446
3,345
2,464
3,086
641
540
6,481
15,207
6,433
958
724
4,628
17,561
1,724
2,081
1,317
366
86,222
99.497
Support costs
MvanY4gement
Bookkeq)ing
Recruitment advertising
1,404
240
3,437
1,644
3,437
This page does not fomi part of the statutory financial statements
Page17

Crescent Arts
Detalled Statement of Flnanclal Aetlvltle$
for the Year Ended 31 March 2024
2024
2023
Management
Governanc¢ eosts
Accountancy
Pmfessional fees
Other governanoe costs
1,650
3,060
384
Total resources expended
104,9()8
Net Income
1,941
This page does not fonn part of the statutory fllwicial statements
Pag¢ 18