**REGISTERED CHARITY NUMBER: 515096** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **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 2022** ||**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| **THE BOLLINGTON ARTS CENTRE** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. ## **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** The year 2021/22 could be labelled the 'recovery from Covid' year. The Centre's regular users gradually returned, up to the point where most classes and resident groups had resumed and provided a base level of income. The events which we normally run after September and through to spring were more sporadic, because of Covid fears, and the level of income from them and associated bar were considerably reduced. Grant income helped to cover the loss of event income and the overall financial position remains good. However, the ever popular panto was run and provided a highlight for young children and their families. As referred to on the 2020/21 report we lost our chairman and booking secretary due to existing health problems exacerbated by the stresses of partial opening, closing and opening again during that year. We have successfully replaced both posts. The Centre bar has moved to a cashless system based on iPads and a package called Square, and events during the latter part of the year were supported by the cashless bar. After having to throw out much of the bar stock due to sale date limitations, the bar has been largely restocked. Assuming no return to the dark days of Covid, the outlook for the Arts Centre in terms of its use and income from classes, resident groups and events looks good for the forthcoming year and we hope to return fully to our role of providing education, recreation and arts facilities for the people of Bollington. ## **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. Page 1 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 2022** ## **Principal address** Wellington Road Bollington Macclesfield Cheshire SK10 5JR ## **Trustees** G R Atkin – Chairman & Treasurer 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 3 October 2022 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 2022. ## **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; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached. N Kennington FCA Heywood Shepherd Chartered Accountants 1 Park Street Macclesfield Cheshire SK11 6SR 3 October 2022 Page 3 **THE BOLLINGTON ARTS CENTRE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ||**2022**|2021|| |---|---|---|---| ||**Unrestricted**||| ||**fund**|Total funds|| |Notes|**£**|£|| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||**1,274**|1,284| |**Charitable activities**|||| |Charges for centre hire||**21,648**|6,055| |Arts Centre Events||**5,427**|(80)| |Grants||**12,667**|19,669| ||Other trading activities||| ||Investment income||| ||**Total**||| |**EXPENDITURE ON**|||| |Raising funds||**2,317**|775| |**Charitable activities**|||| ||General||| ||Arts Centre Events||| ||Governance costs||| ||**Total**||| |**NET INCOME**||**9,474**|2,603| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**||**215,644**|213,041| The notes form part of these financial statements Page 4 **THE BOLLINGTON ARTS CENTRE** ## **BALANCE SHEET 31 MARCH 2022** |||**2022**|2021|2021| |---|---|---|---|---| |||**Unrestricted**||| |||**fund**|Total funds|| |Notes||**£**||£| |**FIXED ASSETS**||||| |Tangible assets|5||**169,193**|167,300| |**CURRENT ASSETS**||||| |||Stocks||| |||Cash at|bank and in|hand| |||**55,925**
48,344||| |||**NET CURRENT ASSETS**||| |**TOTAL ASSETS LESS CURRENT LIABILITIES**|||**225,118**|215,644| |||**NET ASSETS**||| |**FUNDS**||||| |||Unrestricted funds||| |||**TOTAL**|**FUNDS**|| The financial statements were approved by the Board of Trustees and authorised for issue on 3 October 2022 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 2022** ## **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. INVESTMENT INCOME** **2022** 2021 **£** £ Bar takings 200 Club **5,399** 820 **2022** 2021 **£** £ ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were reimbursed expenses of £6,796 paid to 4 trustees during the year for ipads and square readers, bar purchases, jazz bands, stationery, repairs and maintenance and website expenses (2021 - £113 to 2 trustees). ## **5.** ## **COST** ## **TANGIBLE FIXED ASSETS** Fixtures and fittings £ At 1 A Addit ## **NET BOOK VALUE** continued... Page 6 At31 At31 Page 6 Continued... **THE BOLLINGTON ARTS CENTRE** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **6. STOCKS** |**2022**|2021| |---|---| |**£**|£| ||Stocks| ## **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 £454 (2021 - Nil). Page 7 **THE BOLLINGTON ARTS CENTRE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
**Investment income**
Deposit account interest
**Charitable activities**
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Bar purchases
**Charitable activities**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Cleaning
Repairs and maintenance
Licences
Carried forward||2022
2021
£
£
**1,274**
1,284
Fundraising events
Bar takings
200 Club| |---|---|---| |||**5,399**
820
**12**
76
Grants
Festival players
Mind & Body
Festival choir
Dancing
Art groups
Brass band
Textiles
Chamber concerts
Bridge
No description
Other hire
Jazz concerts
Programme
Comedy| |||**39,742**
25,644
**46,427**
27,824
**2,317**
775
**1,471**
1,235
**3,000**
2,633
**3,518**
2,148
**690**
847
**94**
45
**600**
-
**10,120**
9,672
**4,382**
1,682
**248**
180
**24,123**
18,442| |||| 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 2022** ## **Charitable activities** 2022 2021 £ £ Brought forward Events arranged by Arts Centre Honorarium **33,688** 23,546 ## **Support costs Governance costs** Total resources expended ## **Net income** This page does not form part of the statutory financial statements Page 9