**REGISTERED CHARITY NUMBER: 515096**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **FOR**
**THE BOLLINGTON ARTS CENTRE**
Bright Partnership Limited
1 Park Street Macclesfield Cheshire SK11 6SR
**THE BOLLINGTON ARTS CENTRE**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|||**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 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023.
## **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**
This report is given to the AGM of November 2023 and will be included in the formal report for the Charity Commission produced by the accountants Heywood Shepherd.
The year started slowly with Covid concerns easing and the use of the Arts Centre gradually becoming more normal. Many classes and groups had restarted but most audience events delayed until September. In recent years renovations have been carried out in August with the Centre closed but this year none were done. However, at September, the normal start of the autumn season, use of the Arts Centre had returned in full.
Background activity focussed on the revamp of the booking system. This has been somewhat protracted as the first approach, to include it in the website redevelopment, proved difficult. However an existing package called Hallmaster was eventually discovered and was extensively trialled and will go into use. The website redevelopment however is still outstanding.
Financially the year has been successful. The balance at the beginning of the year, April 2022 was £55696 and at the close was £75872. The past practice has been to cover the costs of running the Arts Centre with space rental and use the events and bar monies to do renovations. As there was no renovations money has built up somewhat and as interest rates are high this has been parked in bonds.
The outlook for costs however is likely to change. The energy use during this year has been at comparatively low cost on long contracts but the contracts for gas and electricity are both to be renewed soon and at very much higher rates and this will be reflected in rates for space rental. In the long term, costs for such renovations which address climate change such as insulation and heating replacement are likely to be high for an old building.
Geoff Atkin November 2023.
## **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.
Page 1
**THE BOLLINGTON ARTS CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
515096
## **Principal address**
Wellington Road Bollington Macclesfield Cheshire SK10 5JR
## **Trustees**
G R Atkin - Treasurer & Acting chairman M Hindley B Selby L Wainwright S Hardy
## **Independent Examiner**
Bright Partnership Limited 1 Park Street Macclesfield Cheshire SK11 6SR
Approved by order of the board of trustees on 31 January 2024 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 2023.
## **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
Bright Partnership Limited
1 Park Street Macclesfield Cheshire SK11 6SR
31 January 2024
Page 3
**THE BOLLINGTON ARTS CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
||||**2023**|2022|
|---|---|---|---|---|
||||**Unrestricted**||
||||**fund**|Total funds|
||Notes||**£**|£|
|**INCOME AND ENDOWMENTS FROM**|||||
|Donations and legacies|||**639**|1,274|
|**Charitable activities**|||||
|Charges for centre hire|||**37,019**|21,648|
|Arts Centre Events|||**17,723**|5,427|
|Grants|||**-**|12,667|
|Other trading activities||2|**18,500**|5,399|
|Investment income||3|**67**|12|
|**Total**|||**73,948**|46,427|
|**EXPENDITURE ON**|||||
|Raising funds|||**7,215**|2,317|
|**Charitable activities**|||||
|General|||**31,178**|29,163|
|Arts Centre Events|||**10,842**|4,525|
|Governance costs|||**996**|948|
|**Total**|||**50,231**|36,953|
|**NET INCOME**|||**23,717**|9,474|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward|||**225,118**|215,644|
|**TOTAL FUNDS CARRIED FORWARD**|||**248,835**|225,118|
The notes form part of these financial statements
Page 4
## **THE BOLLINGTON ARTS CENTRE**
## **BALANCE SHEET 31 MARCH 2023**
|||**2023**|2022|
|---|---|---|---|
|||**Unrestricted**||
|||**fund**|Total funds|
|Notes||**£**|£|
|**FIXED ASSETS**||||
|Tangible assets|5|**169,372**|169,193|
|**CURRENT ASSETS**||||
|Stocks|6|**1,470**|925|
|Cash at bank and in hand||**77,993**|55,000|
|||**79,463**|55,925|
|**NET CURRENT ASSETS**||**79,463**|55,925|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||**248,835**|225,118|
|**NET ASSETS**||**248,835**|225,118|
|**FUNDS**||||
|Unrestricted funds||**248,835**|225,118|
|**TOTAL FUNDS**||**248,835**|225,118|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2024 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 2023**
## **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/governors2a5784fd-b0ad-4858-a30 c-dc23392bd2370 .
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
**INVESTMENT INCOME**
Deposit account interest|**2023**
**£**
**14**
**17,086**
**1,400**
**18,500**
**2023**
**£**
**67**|2022
£
5
4,594
800|
|---|---|---|
|||5,399|
|||2022
£
12|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were reimbursed expenses of £7,891 paid to 3 trustees during the year for bar purchases, jazz bands, stationery and repairs and maintenance (2022 - £6,796 to 4 trustees).
## **5. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2022
Additions
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022|Fixtures
and
fittings
£
**169,193**
**179**|
|---|---|
||**169,372**|
||**169,372**|
||169,193|
Page 6
continued...
**THE BOLLINGTON ARTS CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **6. STOCKS**
|**STOCKS**|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Stocks|**1,470**|925|
## **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 £1,784 (2022 - £454).
Page 7
**THE BOLLINGTON ARTS CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Miscellaneous Income
**Other trading activities**
Fundraising events
Bar takings
200 Club
**Investment income**
Deposit account interest
**Charitable activities**
Grants
Festival players
Mind & Body
Festival choir
Dancing
Art groups
Brass band
Textiles
Chamber concerts
Bridge
No description
Other hire
Jazz concerts
Programme
Comedy
Arts centre events other
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Bar purchases
**Charitable activities**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Carried forward|2023
£
**393**
**246**
**639**
**14**
**17,086**
**1,400**
**18,500**
**67**
**-**
**5,907**
**4,162**
**1,706**
**3,595**
**4,013**
**3,515**
**6,000**
**1,985**
**1,900**
**742**
**4,236**
**8,983**
**2,424**
**5,304**
**270**
**54,742**
**73,948**
**7,215**
**1,525**
**3,315**
**3,952**
**749**
**92**
**9,633**|2022
£
1,274
-|
|---|---|---|
|||1,274
5
4,594
800|
|||5,399
12
12,667
3,041
3,036
1,254
2,522
2,183
823
962
1,795
845
40
5,187
3,585
36
1,766
-|
|||39,742|
|||46,427
2,317
1,471
3,000
3,518
690
94
8,773|
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 2023**
|**Charitable activities**
Brought forward
Sundries
Cleaning
Repairs and maintenance
Licences
Events arranged by Arts Centre
Honorarium
**Support costs**
**Governance costs**
Auditors' remuneration
Total resources expended
**Net income**|2023
£
**9,633**
**1,037**
**10,000**
**5,195**
**93**
**10,842**
**5,220**
**42,020**
**996**
**50,231**
**23,717**|2022
£
8,773
600
10,120
4,382
248
4,525
5,040|
|---|---|---|
|||33,688
948|
|||36,953|
|||9,474|
This page does not form part of the statutory financial statements
Page 9