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REGISTERED CHARITY NUMBER: 515096
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR THE BOLLINGTON ARTS CENTRE
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THE BOLLINGTON ARTS CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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Report of the Trustees 1to2
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to6
Detailed Statement of Financial Activities 708
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THE BOLLINGTON ARTS CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
a a ca ee a er eee
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025
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 ocounation to such nersons in the interaste af canial welfare ond for improving conditions AMA ARAERWNG AUR DR WUACAN AS CHEERS RRA AUREL CAA Mw we pues Cu SuwaSOMA MARS AAR Cha AdeewR WR SNA FI AR Leda OU BERRA 1 SEED WU SLES 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 opportunities for accasional hire and negotiates acceptable terms with outside agencies. Centre policies and charges are clear.
ACHIEVEMENT AND PERFORMANCE
This report will be given to the Trustees in July 2025 and was formally approved.
This was a full year at the Arts Centre will many performances and long term resident groups and classes using the building. The yearsenergy costs concems raised in the previous report are now largely accommodated and rentals rises will be spread overa couple of of to cover these, Overall, however, the financial performance of the Arts Centre has remained steady and in surplus, with surplus a few years being gathered for renovations and improvements . The year started with a balance of £43216 and finished at £38902. Much of the balance not needed operationally was invested in safe bonds at the outset of the year to take advantage of high interest rates.
The replacement website is complete and is awaiting an interval in ticketed performances before being introduced into service.
Longer term, the costs of energy saving technology im an old building are kept in mind, as well as any availability of grants to assist with the cost of such renovations. The initial strategy is being discussed internally and with other organisations in Bollington who have a similar challenge.
Geoff Atkin June 2025
FINANCIAL REVIEW
The BAC continues to protect unrestricted reserves at a level equivalent to between 3 to 6 months expenditure plus any for longer term planning. 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 Anmal 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.
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THE BOLLINGTON ARTS CENTRE
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.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 515096
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Prcipat addicss
Wellington Rd Bollington Macclesfield Cheshire SK10 5IR
Trustees G Atkin - Treasurer & chairman M Hindley B Selby L Wainwright S Hardy T Marten
Independent Examiner Steve Loxam
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Approved by order of the board of trustees on 1 July 2025 and signed on its behalf by:
GR Atkin - TrusteeCnBehe: 27 /y/
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOLLINGTON ARTS CENTRE
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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 2025
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 T have completed my examination. I confirm that no material matters have come to ny attention in connection with the examination giving me cause to believe that in any material respect: 1, accounting records were not kept in respect ofthe Tmst as required by Section 130 of the Act; or 2 the accounts do not accord with those records: or Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a tre and fair view which is not a matter considered as part of an independent examination.
I have no concems 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 ofthe accounts to be reached.
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Steve Loxam . Soneewne
Date ; ;
27/Z[25
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 20
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|2025|2024|
|Unrestricted|
|fund|Total funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and legacies|inc|Gift Aid|574|551|
|Charitable|activities|
|Charges|for centre|hire|35,126|33,687|
|Arts|Centre|Events|17,699|P5709 cs|
|Grants|10,000|-|
|Other trading|activities|2|16,766|15,465|
|Investment|income|3|1,389|727|
|Total|81,554|66,229|
|EXPENDITURE ON|
|Raising funds|8,034|6,985|
|Charitable|activities|
|General|64,388|49.697|
|Arts|Centre|Events|10,977|10,651|
|Governance|costs|1,080|1,044|
|Totai|84.479|68,377|
|NET INCOME|/ EXPENDITURE|(2,925)|(2,148)|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|246,687|248,835|
|TOTAL FUNDS CARRIED FORWARD|243.762|246,687|
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THE BOLLINGTON ARTS CENTRE
BALANCE SHEET 31 MARCH 2024 -_eeeOS Oo
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|2025|2024|
|Unrestricted|
|fund|Total funds|
|FIXED ASSETS|Notes|£|£|
|Tangible|assets|5|169,372|:169,372|
|CURRENT ASSETS|
|Bar stock and cash|6|1,125|1,379|
|Funds at bank and investments|71,019|75,936|
|72,144|77,315|
|NET CURRENT|ASSETS|72.144|77,315|
|TOTAL|ASSETS LESS CURRENT LIABILITIES|241,516|246,687|
|NET|ASSETS|241,516|246,687|
|FUNDS|
|Unrestricted funds|241 516|246,627|
|TOTAL FUNDS|241,516|248,835|
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The financial statements were approved by the Board of Trustees and authorised for issue on date 2025 and were signed on its behalf by:
GR Atkin - Trustee
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THE BOLLINGTON ARTS CENTRE
The notes form part of these financial statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
- 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
Siocks are valued ai ile lower of cosi ait ivi realisable value, aficr making duc allowarice for obsolcie aud slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Uniestiicted fands can be used in accordance with tho chamtablc objoctives at the discrction of the imistces.
Restricted funds can only be used for particular restricted purposes within the objecis of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- OTHER TRADING ACTIVITIES
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|2025|2024|
|£|&|
|Fundraising|cvents|*|a3|
|Bar takings|15,883|14,682|
|Bar cash|to Bank|83|
|200|Club|800|800|
|16,766|15,465|
|3%|INVESTMENT INCOME|
|2025|2024|
|£|£|
|Deposit|account interest|1,389|727|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were reimbursed expenses of £11,932.84 paid to trustees during the year for bar purchases, jazz bands, stationery and repairs and maintenance.
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|5.|TANGIBLE FIXED ASSETS|
|Fixtures|and|fittings|
|£|
|At|1|April|2024|169,372|
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THE BOLLINGTON ARTS CENTRE
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|a|At 31 Marchei 2025|i|169,372|
|NET BOOK VALUE|
|At 3i|Marcit 2623|169,372|
|At 31 March 2024|169,372|
|6.|STOCKS|
|2025|2024|
|£|z|
|Bar Stock and cash|1.125|1,379|
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Ts 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 £1,541 (2024 - £1,249).
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THE BOLLINGTON ARTS CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
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|2025|2024|
|£|FS|
|INCOME AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|inc|Gift Aid|574|376|
|Miscellaneous|Income Bar|Cash|to Bank|83|175|
|Grants|10,000657|551|
|Other trading|activities|
|Fundraising|events|0|23|
|Bar takings|15,883|14,642|
|200-Chib|$O0-|Seo.|
|16,683|15,465|
|Investment|income|
|Deposit|account interest|1.389|727|
|Charitahle|activities|
|One-of events|inc Beer Festival|,|Fell Race,|Bazaar|5,355|3,200|
|Festival players|6,843|5,599|
|Mind & Body|1,600|4,010|
|Festival choir|1,680|2,106|
|Dancing|4,268|4,119|
|Chamber Concerts|2,533|2,457|
|Brass band|3,420|3,146|
|Ast and Textiles|4,006|4,250|
|Bridge|2,345|2,115|
|Commission on|Gallery|Sales|612|819|
|Other hire|3,076|2,675|
|Jazz|concerts|10,722|7,188|
|Programme|$013|2,835|
|Comedy|1352|3,357|
|Arts|centre|events|other|-|i|
|52.824|49.486|
|Total incoming|resources|81.554|66,229|
|EXPENDITURE|
|Raising|donations and legacies|
|Bar purchases|8.034|6,985|
|Charitable|activities|
|Rates|and water|1,651|1,760|
|Insurance|3,887|3,538|
|Light and heat|11,537|9,793|
|Telephone|1,658|879|
|Postage|and|stationery|94|92|
|Camica forward|38,827|16,062|
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THE BOLLINGTON ARTS CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
SSE
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|2025|2024|
|Charitable|activities|£|£|
|Brought forward|18,827|16,062|
|Sundries|200|960|
|Cleaning|8,081|7,457|
|Repairs and maintenance|6,166|7,936|
|Licences|843|1,265|
|Events|arranged by Arts|Centre|10,977|10,650|
|Honorarium|5,930|5,580|
|.|75.365|67,333|
|Support costs|
|Governance|costs|
|Auditors' remuneration|1,080|1,044|
|Total resources expended|84.479|68.377|
|Net income/(expenditure)|(2.925|(2,148)|
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