**REGISTERED CHARITY NUMBER: 515096**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
**FOR**
**THE BOLLINGTON ARTS CENTRE**
Heywood Shepherd Chartered Accountants
1 Park Street Macclesfield Cheshire SK11 6SR
**THE BOLLINGTON ARTS CENTRE**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 7
Detailed Statement of Financial Activities 8 to 9
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**THE BOLLINGTON ARTS CENTRE**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021.
## **OBJECTIVES AND ACTIVITIES**
The objectives of Bollington Arts Centre (BAC) are to foster and promote the maintenance, improvement and development of artistic tastes and the knowledge, understanding and appreciation of arts among the inhabitants of the town of Bollington, and to provide facilities for recreation and other leisure time occupation to such persons in the interests of social welfare and for improving conditions of life for the town inhabitants.
The charity carries out a wide range of activities in pursuance of the aforementioned objectives as summarised below. The committee members consider these activities provide benefit for both the inhabitants of the town of Bollington and the wider community.
BAC is in almost constant use by diverse range of user groups: most weekdays are regularly used either in the morning, afternoons or both; and weekday evenings are always busy. The bookings secretary coordinates rare opportunities for occasional hire and negotiates acceptable terms with outside agencies. Centre policies and charges are clear and incorporate performing rights legislation.
## **ACHIEVEMENT AND PERFORMANCE**
As with many organizations, the Covid year has been difficult. In the Arts Centre normal activity of classes and resident groups was suspended and all events cancelled. When restrictions allowed, some classes went ahead only to be closed again later and only a little income was generated. All unnecessary costs were reduced to a minimum. We did however pay our tech manager and cleaners, all self-employed, all through because we would need them when we opened again. We were able to do this because grants received from government via Cheshire East covered all our costs during this year. Financially we ended all square.
However, the main loss due to Covid was of our chairman and our booking secretary, both due to health conditions exacerbated by the stresses of working through the year with opening and closing. The Arts Centre runs on volunteers and the sudden loss of these two caused temporary dislocation of our activity. The organization recovered its composure and began to operate well by the mid-year, coping with opening and closing and the various restrictions in force at any one time.
We look forward to a better year in 2021/22 and recovering the classes and resident group activity which marks the weekly use of the Centre and later resumption of Jazz, Comedy, Panto and all the programme of weekend events that give pleasure to the community of Bollington and for which the Centre was set up.
## **FINANCIAL REVIEW**
The BAC continues to protect unrestricted reserves at a level equivalent to between 3 to 6 months expenditure. Strategic planning includes regular reassessment and renegotiation of the annual charges made to user groups by the Treasurer and bookings secretary acting on behalf of the management committee.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Bollington Arts Centre is an unincorporated association registered with the Charity Commission. It is constituted under a governing document dated 27 March 1984.
The management committee is required to stand down at each Annual General Meeting. Nominations are then invited and the new management committee is appointed.
Health and safety and protection issues are under regular review. Housekeeping improvements and alterations are introduced routinely to further protect users and visitors, managed and executed by the Centre management team. Updated guidance is always published and instruction routinely given to regular and occasional users. Compliance is sought with the Centre recording all safety systems and the Centre management team ensures that BAC complies with all statutory and health and safety obligations.
Trustees continuously review their responsibilities to BAC; when necessary, appropriate professional advice is sought to ensure compliance with legal obligations. Updating the BAC constitution and legal identification of custodial trustees continues in line with Charity Commission recommendations.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 515096
Page 1
**THE BOLLINGTON ARTS CENTRE**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
**Principal address** Wellington Road Bollington Macclesfield Cheshire SK10 5JR **Trustees** B Kendrick - Chairman (resigned 8.8.20) G R Atkin - Treasurer & Acting chairman M Hindley B Selby L Wainwright S Hardy
**Independent Examiner** Heywood Shepherd Chartered Accountants 1 Park Street Macclesfield Cheshire SK11 6SR
Approved by order of the board of trustees on 22 November 2021 and signed on its behalf by:
G R Atkin - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOLLINGTON ARTS CENTRE**
## **Independent examiner's report to the trustees of The Bollington Arts Centre**
I report to the charity trustees on my examination of the accounts of The Bollington Arts Centre (the Trust) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities 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 my examination I have followed all 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 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records
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 accounts to be reached.
N Kennington FCA Heywood Shepherd Chartered Accountants 1 Park Street Macclesfield Cheshire SK11 6SR
22 November 2021
Page 3
**THE BOLLINGTON ARTS CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Charges for centre hire
Arts Centre Events
Grants
Other trading activities
2
Investment income
3|**2021**
2020
**Unrestricted**
**fund**
Total funds
**£**
£
**1,284**
1,676
**6,055**
32,525
**(80)**
13,359
**19,669**
-
**820**
25,336
**76**
85|
|---|---|
|**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
General
Arts Centre Events
Governance costs|**27,824**
72,981
**775**
13,814
**23,482**
49,276
**64**
7,413
**900**
795|
|**Total**|**25,221**
71,298|
|**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**|**2,603**
1,683
**213,041**
211,358|
|**TOTAL FUNDS CARRIED FORWARD**|**215,644**
213,041|
The notes form part of these financial statements
Page 4
**THE BOLLINGTON ARTS CENTRE**
## **BALANCE SHEET 31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Stocks
6
Cash at bank and in hand|**2021**
**Unrestricted**
**fund**
**£**
**167,300**
**650**
**47,694**|2020
Total funds
£
167,300
1,425
44,316|
|---|---|---|
||**48,344**|45,741|
|**NET CURRENT ASSETS**|**48,344**|45,741|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|**215,644**|213,041|
|**NET ASSETS**|**215,644**|213,041|
|**FUNDS**
Unrestricted funds|**215,644**|213,041|
|**TOTAL FUNDS**|**215,644**|213,041|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 November 2021 and were signed on its behalf by:
G R Atkin - Trustee
The notes form part of these financial statements
Page 5
**THE BOLLINGTON ARTS CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity have been prepared using the receipts and payments basis.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|Fundraising events
Bar takings
200 Club
Commission on gallery sales
**INVESTMENT INCOME**
Deposit account interest|**2021**
**£**
**20**
**-**
**800**
**-**
**820**
**2021**
**£**
**76**|2020
£
10
23,607
1,000
719
25,336
2020
£
85|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were reimbursed expenses of £113 paid to 2 trustees during the year for stationery, repairs and maintenance and website expenses (2020 - £6,445 to 4 trustees)
## **5. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020|Fixtures
and
fittings
£
**167,300**
**167,300**
167,300|
|---|---|
continued...
Page 6
**THE BOLLINGTON ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **6. STOCKS**
**2021** 2020 **£** £ Stocks **650** 1,425
## **7. RELATED PARTY DISCLOSURES**
A trustee of the charity owns a company which is also a supplier to the charity. The total value of supplies to the charity by that company in the year was nil (2020 - £2,575)
Page 7
**THE BOLLINGTON ARTS CENTRE**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Fundraising events
Bar takings
200 Club
Commission on gallery sales
**Investment income**
Deposit account interest
**Charitable activities**
Grants
Festival players
Mind & Body
Festival choir
Dancing
Art groups
Brass band
Textiles
Chamber concerts
Language classes
Other hire
Jazz concerts
Programme
Comedy
Arts centre events other
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Bar purchases
Advertising
**Charitable activities**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Carried forward|2021
£
**1,284**
**20**
**-**
**800**
**-**
**820**
**76**
**19,669**
**-**
**836**
**-**
**699**
**428**
**2,181**
**224**
**140**
**-**
**1,547**
**120**
**(200)**
**-**
**-**
**25,644**
**27,824**
**775**
**-**
**775**
**1,235**
**2,633**
**2,148**
**847**
**45**
**-**
**6,908**|2020
£
1,676
10
23,607
1,000
719
25,336
85
-
5,587
2,760
1,571
4,226
2,899
1,060
1,985
1,961
1,431
9,045
2,831
5,037
5,291
200
45,884
72,981
11,382
2,432
13,814
1,485
2,551
5,859
1,024
137
1,110
12,166|
|---|---|---|
This page does not form part of the statutory financial statements
Page 8
**THE BOLLINGTON ARTS CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Charitable activities**
Brought forward
Cleaning
Renovations
Repairs and maintenance
Licences
Events arranged by Arts Centre
Honorarium
Equipment expense
**Support costs**
**Finance**
Bank charges
**Governance costs**
Auditors' remuneration
Total resources expended
**Net income**|2021
£
**6,908**
**9,672**
**-**
**1,682**
**180**
**64**
**5,040**
**-**
**23,546**
**-**
**900**
**25,221**
**2,603**|2020
£
12,166
9,181
16,038
5,358
548
7,413
4,880
765
56,349
340
795
71,298
1,683|
|---|---|---|
This page does not form part of the statutory financial statements
Page 9