OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

CARTWHEEL ARTS LTD

ANNUAL REPORT

AND

UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED MARCH 31 2023

Company number 2161995 Charity number 519394

CARTWHEEL ARTS LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

INDEX
Administrative information 1
Trustees’ and Directors’ annual report 2 – 13
Independent examiner’s report 14
Statement of financial activities 15
Balance sheet 16
Notes to the financial statements 17 – 26

CARTWHEEL ARTS LTD ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2023

DIRECTORS Position Appointment/Resignation
Name as Trustee
Alyson Malach Chair
Alice Birdwood Vice Chair Appointed April 2017- Resigned
3rdDecember 2022
Steve Griffiths Treasurer Appointed 2019 - Resigned 20th
July 2022
Gareth Davies Treasurer Appointed 31stMay 2022
James Carey
Nasrine Akhtar
Kerry Bertram
Laura Broome
Esha Zaman
COMPANY SECRETARY
Hebe Reilly
KEY STAFF
Senior staff
Hebe Reilly Director
Other staff
Lucy Holland Operational Development Manager
Sue Shaw Finance Officer
Becky Smyllie Project Co-ordinator, Art for Wellbeing
Vicki Greer Project Co-ordinator, Stronger Communities
Bailey Leonard Project Assistant
Richard Hirst Administration & Communication Officer
OBSERVERS
In their capacity as "non-voting Marie-Claire Daly & Hafiz Khokhar Greater Manchester Combined
observers" the following Authority
representatives of the funding bodies Aneeqa Javed (resigned December The National Lottery Community
indicated here were entitled to attend 2022) & Cathrine Lee (since February Fund
meetings of the Board:- 2023)
REGISTERED OFFICE AND 110 Manchester Street
PRINCIPAL PLACE OF BUSINESS Heywood OL10 1DW
INDEPENDENT EXAMINER Stacy Mason
& ACCOUNTANTS HGA Accoutants & Financial Consultants Ltd
t/aChittenden Horley- Chartered Accountants
Hyde Park House
Cartwright Street
Hyde SK14 4EH
BANKERS Co-operative Bank plc
Business Customer Services
PO Box 250
Skelmersdale WN8 6WT
COMPANY NUMBER 2161995
CHARITY NUMBER 519394

1

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023

The Trustees present their annual report together with the financial statements of the charity for the year ended March 31 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).

OBJECTIVES AND ACTIVITIES

Charitable objects

Aims

Cartwheel Arts is an organisation with an impressive track record in devising and delivering projects which bring communities together, break down barriers, and build capacity, promoting a sense of ownership and pride. Cartwheel Arts staff and the Board of Trustees are passionate about the role the organisation plays in providing opportunities for participants who live in low-income neighbourhoods, or belong to vulnerable, marginalised groups at risk of exclusion.

In 2022, following a consultation with stakeholders including staff, board, and key participants we updated our Mission & Vision:

Our Values are:

Creativity Using imagination to open up new opportunities
Integrity Fostering fairness and respect
Resilience Building sustainability through a strong, flexible and entrepreneurial approach
Collaboration Working with partners to realise shared goals and solutions
Leadership Making a mark; visible, invigorating and confident
Excellence Delivering high quality and inspiring experiences for participants, practitioners and partners

Our core aim is the delivery of high quality participatory arts projects, delivering social objectives. We seek to:

We use a wide range of media to initiate, and respond to, project opportunities in Rochdale and surrounding areas, as well as promoting the development of the arts and examples of good practice across the North West.

2

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023 Activities

In 2022/23 we sharpened the focus of our artistic programme to 3 core strands:

Stronger communities

Collaborative and place-based, this programme uses a hyper-local approach, driven by LSOA data to engage communities in high quality cultural experiences that take place on their doorsteps.

Art for Wellbeing

Previously ‘All Well & Good’, Art for Wellbeing delivers creative activities that support health and wellbeing with all ages from 2 – 102. This includes regular visual arts and creative courses for adults in Heywood & Deeplish, alongside work with young people in schools across GM, and within Rochdale with schools and Early Years & Help.

You Live & Learn

Our learning programme emphasises learning by doing, improving skills and employability. We now offer a growing range of training opportunities, particularly in arts and health contexts.

These are all underpinned by 3 core commitments to:

Anti-Discrimination

Ensuring all activity is designed, planned and delivered through an anti-discrimination lens, with the aim to increasing access and inclusion, including, but not exclusive to the Equality Act 2010 protected characteristics and socioeconomic status.

Environmental Responsibility

Reflecting on the environmental impact of projects with a view to reducing our overall environmental impact, alongside promoting environmental themes through a range of creative outputs.

Digital Inclusion

Providing opportunities for communities to develop new digital skills, engage with new technology and online platforms.

Public benefit

Everything we do is designed to achieve positive outcomes for local communities and participants. Every project must deliver outcomes under one or more of these headings:

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’. Cartwheel Arts relies principally on grants to cover its operating costs, but because of the continued erosion of local authority funding and the pressure on grants from charitable trusts, we are looking to increase the income from contracts, fees and charges. The overwhelming majority of the work we do is free at the point of delivery and will remain so, and will continue to be provided for, and in partnership with, beneficiaries who experience poverty, mental ill-health, racial inequalities, forced migration and other marginalised groups.

Contribution of volunteers

Volunteers will continue to make a significant contribution to our project work. This year we engaged 15 volunteers, with the majority supporting with Darnhill Festival, volunteers also supported postal projects, Little Artists, Art for Wellbeing Deeplish as well as supporting with office based administrative tasks. In November 2022 we held a Volunteer Celebration Event, and thanks to support from Action Together offered refreshments, creative activity and celebrated our volunteers with Certificates of Achievement.

Staff team

In January 2022 Operations & Development Manager Lucy Holland handed in their notice – working an extended notice period (on reduced hours) until May 2023.

We were also able to increase both the Finance Worker & Project Assistant’s hours thanks to securing additional funding.

3

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023 ACHIEVEMENTS AND PERFORMANCE

In 2022/23 we delivered 40 projects (2021/22 - 42, 2020/21- 37) and contracted a record number of 80 artists and arts organisations (2021/22 - 52, 2020/21- 40) and delivered 180 sessions to 2,424 participants with 3,744 attendances, including Art & Soul, ongoing weekly provision for adults in Heywood who experience life-long mental health conditions; a new partnership with Deeplish Community Centre, offering Art for Wellbeing to women aged 50+ and Reclaim the Space, which used creative consultation to explore residents connection and perception of safety to design creative community led responses in local neighbourhoods in Darnhill & Deeplish. Darnhill Festival returned to its full scale with 2,000 on the day attendees, 1,026 participants in pre-festival and on the day creative workshops and 17,462 live and digital audiences of exhibitions and films.

We delivered 21 training and outreach sessions to 201 attendees, including an Emerging Artists pilot – offering a paid training placement to 3 early-career artists, plus opening out training sessions in Safeguarding, Budgeting and Workshop Planning & Facilitation to the wider sector. We disseminated 6 creative and educational resource packs to 1,242 recipients, including existing packs like Flux – supporting with Year 6 to Year 7 transition and new packs You Must Remember This aimed at carers of dementia patients and Letters of Connection, which encouraged intergenerational letter writing.

31,447 people saw our work either live, in print, online or in exhibition. Audience figures are comprised from three inperson exhibitions including Heywood Sports Village (20,508), No 1 Riverside (6,972) and Touchstones Art Gallery (560), alongside digital outputs including the Stories of Strength podcast (159) and Darnhill Festival Film (1,155). The Poetry Miles film was shared at a live event with 52 audience members at The Poetry Library, as part of the Manchester Indian Film Festival.

Income decreased from £391k to £318k and the company recorded a surplus on unrestricted funds of £8,301, which took our unrestricted funds to a balance of £64,236. The decrease this year can, in part, be attributed to our core funding from the National Lottery Reaching Communities fund ending in December 2022, and the transition out of the Covid-19 period, where we saw record high levels of commissions and earned income. We continued with our mixed model approach to funding, sourcing income from, amongst others, the Greater Manchester Combined Authority, Garfield Weston Foundation and Rochdale Borough Council.

ARTISTIC PROGRAMME 2022/23

Stronger Communities

4

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023 Art for Wellbeing

Our Wellbeing Dominoes training programme bridges our Art for Wellbeing and You Live and Learn strands. It is a coproduced well-being intervention that uses a variety of visual arts activities to explore the 5-ways-to-well-being. In 2022/23 we trained 11 members of teaching staff from 7 schools, bringing our total trained schools across Rochdale to 60.

You Live & Learn

Outreach Activity, Events & Resources

We also provided outreach creative activity at the following events: Deeplish Community Centre Easter Crafts, Oldham Sixth Form College Creative Day, Rochdale Pride, Action Together Strategy Launch and Heart Health Events, Skylight Circus Arts’ Celebration Day and the Heywood & Rochdale Christmas Light Switch On.

We also distributed the following resources: FLUX packs for transition from Year 6 – Year 7, Letters of Connection – an intergenerational writing resource connecting primary school children with older adults in Darnhill, Art for Induction, Little Artists, and World Kindness Day.

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023

Anti-Discrimination

Our Anti-Discrimination statement is available on our website, and our Anti-Discrimination Action Plan is updated annually, and reviewed quarterly at Board Meetings. In 2022/23 we committed to 29 actions on the plan, of which 11 were completed, 16 continue to be ongoing, and 2 are awaiting further developments. Some of the key achievements include staff undertaking the Harvard IAT Implicit Bias Tests, receiving Trans-Inclusion training and a review of our recruitment practices leading to accepting job applications via video or voice recording.

The artists

Cartwheel worked with 80 artists and arts organisations during 2022/23. This included:

A Brilliant Thing CIC; Amy Burton; Afrocats; Alison Cooper; Alx Creations; Amina.S Art & Design; Anjum Malik; Anna Harrison; Audrey Albert; Ben Turner; Beth Cockcroft; Caroline Daly, Cat Jessop; Charlotte Bishop; Chris Payne Images; Danielle Lovett; Danielle Porter; Danny Henry; David McFarlane; Debbie Goldsmith; Dundas Digital; Dan Worsley; Elaine Fox; English Folk Expo; Enjoy Arts CIC; Fools Paradise; Future Everything; Georgie Lockett; Isobel Pickup; Jo Foley; Jodie Silverman; John Lindley; Josephine Hepplewhite; Joy Morris; Julia Roy Williams; Kaireen McDonald; Laura Sutcliffe-Tasker; Lily Norwood; Liz Mytton; Liz White Art; Lubna Ali; Mahboobeh Rajabi; Manchester School of Samba; Maverick Lab CIC; Meat Studio Ltd; Millie Loveday; Nathan James Frost; Nick Farrimond; Nicola Schofiled; Oliver Bishop (Yan Tan Tethera); Paula Houghton; Point of View Photography; Rahela Arts; Becki Miller; Rosanne Goh; Salma Khalid; SAMS Art; Sandra McCracken; Sarah Atter; Sarah Keeler Dawson; Sarah Yaseen; Seleena Daye; Shamila Irim; Songsmith Records; Sophie Macaulay; Stuart Crowther; Theatre in Flow CIC; Thomas Cope; Travelling Light Circus; Valeriia Lukiantes; Venessa Scott; Wendy Roby and Vixfacepainting.

Supported through Rochdale Borough Culture Network and Live Well Make Art

We administered funding and small grants schemes for Rochdale Borough Culture Network and supported 4 organisations to receive Match Funding for Arts Council England Project Grants applications, and 12 artists, cultural and voluntary organisations received funding from Small Grants Pot (maximum of £500 each). We organised the ‘Create Rochdale’ Conference on March 2[nd] , attended by 50 people.

Thanks to funding from GM NHS, we began administering the Live Well Make Art network, hosting a new web-page and blog on our website, and curating regular newsletters to 304 subscribers.

Student Placements & Emerging Artists

2 students, including Megan Kerry joined us from the University of Manchester Arts Administration MA. They worked with Vicki on the planning and development of Darnhill Festival, and both returned to volunteer on the day itself. Flora McCrae Thomson was a graduate from the University of Aberystwyth, who supported her to undertake a 45-hour paid placement, hosted at Cartwheel. Flora supported with Darnhill Festival workshops, during the event, and supported subsequent workshops under the Stronger Communities programme.

3 Emerging Artists, including Beth Cockcroft & Sky Byrne joined us for a 60-hour paid training and development opportunity, where they accessed Safeguarding, Workshop Facilitation, Health & Safety, Equality, Diversity & Inclusion training, as well as shadowing and receiving mentorship from 3 established Cartwheel practitioners. Beth & Sky designed and delivered their own workshops at Darnhill Festival, which included decorating Tote-bags, and exploring the mycelium networks through string and ink. Although not officially part of our Emerging Artists pilot, we also supported 2 additional early-career artists to access training, mentorship, and freelance opportunities.

FINANCIAL REVIEW

Overview

Income decreased from £391k to £318k and the company recorded a surplus on unrestricted funds of £8,301, which took our unrestricted funds to a balance of £64,236. This was the third and final year of the National Lottery Reaching Communities grant, which finished in December, and we are grateful to the Lottery for all their support over the previous 3 years.

We remained a part of the Greater Manchester Combined Authority Culture Portfolio, who extended their funding for an additional year. We received £30,000 which was used to safeguard the Director’s role and contribute to our core costs, to enable us to resource the staff team and deliver our range of work. split over and other income was derived from a mixed funding model which includes grants from Rochdale Borough Council, Garfield Weston, Action Together, alongside sales and commissions, including a new partnership with the University of Manchester.

6

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023 Risk management

The charity maintains a Risk Register which covers matters including governance, legislation and compliance, succession planning, finance and funding, operational matters, partnerships, reputational risk, and premises. The Risk Register is reviewed at each Board meeting and updated accordingly.

COVID 19 has remained on the risk register, though the size and scale of this threat over the past year has diminished along with the number of reported positive cases amongst staff and participants. Staff wellbeing and retention are a high priority for the organisation, as is the need to secure future funding remains a high risk for the organisation, though 2 multi-year funds secured for 2023-2026 reduce the pressure slightly. Trustees must however ensure that the charity accesses adequate sources of funding and is looking ahead.

General Data Protection Regulations

We continue to refine our approach to GDPR, with locked filing cabinets and the steady destruction of sensitive material according to our document destruction schedule, part of our Information Governance procedures. We have a contract with Emerge Recycling for confidential shredding and made great strides this year in filing and destroying documents from the office. The Ninox database has reduced the need for additional paperwork. There were no data breaches requiring action in the year.

Investment policy and review

The charity does not have investments as such. We have two bank accounts. Our current account is with the Cooperative Bank. We have a deposit account with Virgin, though interest rates are now negligible. We separate our funds to take advantage of the £85,000 government insurance policy in the event of either bank failing.

Reserves

The Trustees would like the charity to hold free reserves (unrestricted funds not invested in fixed assets or otherwise designated) equivalent to four months running costs, which equates to approximately £61,790. The free reserves this year have recovered to stand at £64,239.

Going concern

We are fortunate in having a broad spread of income sources. Each year we aim to cover our core costs, mainly through full cost recovery from project grants.

We have recorded a surplus in each of the 3 previous financial years (2021, 2022 and 2023) which is a welcome change from the losses recorded prior to this. This years’ surplus is due to our continued mixed model approach to funding, with larger grants for core from the National Lottery & GMCA supported by a series of smaller grants from Rochdale Borough Council, and trusts and foundations such as Garfield Weston, Curious Minds, Action Together and the Guinness Partnership.

We generated £61,869.58 in Earned Income with commissions from Rochdale Borough Council, including rolling out Wellbeing Dominoes Training to an additional 11 teaching staff from 7 schools, our new partnership with the University of Manchester and a range of smaller project management support, training, and events.

The end of both the National Lottery funding & GMCA’s additional year of Culture Portfolio in 2022/23 posed a threat to the organisation, but we are pleased to report that during this year we were able to secure multi-year funding from both GMCA and the Arts Council England’s National Portfolio Organisations – both of which are due to start April 1[st] , 2023. Combined, they will contribute to approximately 40% of our projected income in 2023/24.

Business sustainability is key for the organisation, and we recognise the pressures that the current inflation and cost of living crisis are having on funders, as well as staff and participants. With 40% of our core costs covered, we will continue to look for funding opportunities, seeking replication of existing products and delivery approaches where possible, and to invest in developing our Earned Income strand to ensure we are resilient and self-sustainable into the future.

FUTURE PLANS

The Business Plan 2020-25 was updated in September 2020, as was the annual Action Plan which sets out the detailed targets for each year. During this year we have been supported by the Garfield Charity Awards and Pilotlight 360 programme, which has paired us with a set of business mentors who are supporting staff and board to consider future strategic approaches.

Our Anti-Discrimination Statement and an accompanying Action Plan highlights all the initiatives we intend to take in terms of governance and the artistic programme to actively combat systemic inequality. It is a living document which is constantly developing. Any project must be assessed in terms of the benefit it will bring to the struggle against

7

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023

discrimination. We will also be reviewing all our activities and those we commission in the light of the ongoing climate emergency.

The climate crisis is of urgent concern, and this year we revised our Environment Policy and drafted an Environment Action Plan. Thanks to funding from Arts Council England, from April 1[st] , 2023, we can offer Stronger Communities Coordinator Vicki an additional 2 hours per week to take on an additional ‘Environment Officer’ role.

We have taken steps this year to refine our focus as an organisation, streamlining our original 4 programmes into 3. Over the coming years we will continue to refine our focus and ambitions, to develop and build on our strong reputation, and to assist the Trustees and staff team to make decisions that respond to our overall vision and aim. In this way, we hope to be able to develop our training offer, to increase our earned income through our position as sector leaders in arts, health, and participation. We also hope to invest staff time and resources in Wellbeing Dominoes, now that this has been successfully delivered in every school in Rochdale, we will seek for opportunities to expand its reach across the North West and beyond.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee governed by its memorandum and articles of association dated September 7 1987, as amended by special resolutions dated November 23 2010 and November 21[st] 2017. It is a registered charity with the Charity Commission. The Trustees of the Charity (and Directors of the company) are also the members of the company.

Appointment of trustees

One-third of the Board of Trustees retires each year, (those who have been longest in office), but retiring Trustees are eligible for re-election, for a maximum of three terms, or nine years. After that, Trustees may still be elected on an annual basis, providing 75% of their fellow Trustees support the application. The Board may appoint Directors to fill casual vacancies.

The Directors have no beneficial interest in the Company and are not usually remunerated for any of the services they provide as Directors of the Company.

The Directors who served during the year together with any changes are listed on page one of the Annual Report.

Our Chair, a Trustee since 2007, and Chair since 2018 was re-elected at the AGM in November 2022 for an additional 12-month term to support with the transition of the new Director, in line with Article 18.3 of our Constitution.

Trustee induction and training

New directors are provided with an information pack and briefing on the work of the organisation and attend an information session either online or at Cartwheel’s offices. We feel that it is important that Trustees understand the nature of the work we do and our extremely modest circumstances. New trustees are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the content of the Memorandum and Articles of Association, the Task Group structure, the business plan, funding, etc. They are presented with recent publications, reports and publicity materials. Trustees are encouraged to attend external training events to enhance their understanding of their role, such as those provided by local voluntary sector organisations.

Organisation

The Board of Trustees has a maximum complement of 12, though we have never had more than 9 Trustees. The Board meets 4 times per year, plus an annual Awayday and the AGM. This year, we ceased the COVID/Recovery Task Group and resumed with our usual four Task Groups – HR/Policies, Finance, Engagement & Communication and Premises. Trustees are expected to serve on at least one Task Group, which are composed of a combination of Trustees and staff. Task Groups meet in between Board meetings to consider relevant matters and make recommendations to the full Board. The Director is appointed by the Board and has some delegated authority for operational matters within strict frameworks, such as the scheme of financial delegation.

Pay and remuneration for senior staff

The salaries of all staff are set with regard to the going rate in the sector at any given time and all are currently linked to points on the JNC scale. The core team consists of the Director, Operational Development Manager, Finance Officer, and Admin & Comms Officer. During the year there were three project focused posts - Art for Wellbeing Coordinator held by Becky Smyllie, Stronger Communities Coordinator held by Victoria Greer and Project Assistant held by Bailey Leonard. Apart from the Project Assistant role, the 6 remaining posts were contracted as permanent staff members during the year. In January 2023, thanks to confirmation of both Arts Council & GMCA Funding, Bailey’s role became ‘Project Worker’ and the contract offered was permanent.

8

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023

Future Project Co-ordinators will generally have three-year contracts. Their remuneration is generally set for the threeyear period within the application to the funding body which is paying for project staff.

Staff salaries in 2022/23 were reviewed by the Board in April, as opposed to the traditional July, meaning staff were awarded additional pay from the start of the financial year. This decision was made in light of both the core funding success and the cost-of-living crisis. Salary levels in general are reviewed by the Finance Task Group and any recommendations must be approved by the Board.

Related parties

We maintain a register of interests which lists all the relevant interests of our Trustees, including other directorships, membership of Boards of Trustees or Management Committees of other voluntary organisations, school governorships etc.

Any connection between a Trustee of the charity with a contractor engaged by Cartwheel must be disclosed to the board of trustees in the same way as any other contractual relationship with a related party.

A Trustee was paid a total of £965 to deliver community consultation sessions in 22/23. This work was approved by the remaining Trustees, in line with Article 6 of our Constitution. The fee paid was in line with Cartwheel's standard rates for practitioners.

Co-operation with other organisations/charities

Cartwheel works closely with a wide variety of other charities, arts groups, educational bodies, community organisations and social enterprises. Sometimes this cooperation is formal and guided by contracts or memoranda of understanding, but often it is more informal.

Our longest association is with Darnhill Festival Association , themselves a registered charity, with whom we jointly organise Darnhill Festival. The DFA own the title to the festival and contract Cartwheel so far on an annual basis to project manage the event and the educational programme leading up to it. They also organise on their own account a series of smaller events through the year which are essentially fundraising events.

Connected with this is a relationship of equal length with Guinness Partnership , the social landlord on the Darnhill estate. Guinness provides volunteer support on the festival day and has in most years provided a small cash grant. Two members of staff provide the core roles at the smaller Christmas festival as Santa and Mrs Claus. Guinness has vacated their offices on the estate, which have been taken over by Rochdale Connections Trust and we delivered a partnership project this year with graffiti artist Nabeel Javid.

We have also had a long association with Barnardo’s Rochdale project, delivering a series of projects over the years with their Young Person’s Forum and, more recently the Art Attack group. During the year we delivered ‘Green Machine’ taster workshops with them, which we plan to fundraise for and deliver in 2023/24.

Art for Wellbeing began as a formal written partnership between Cartwheel, YourTrust (formerly Link4Life) and Rochdale Mind . We continue to work regularly with both organisations and through Art for Wellbeing we have gone on to develop working relationships with over a dozen organisations, notably Motiv8, Pennine Care NHS Foundation Trust and Turning Point.

This year a significant partner has been Deeplish Community Centre with whom we have delivered weekly Art for Wellbeing sessions with their group for women aged 50+ of diverse South Asian heritage. Our Emotional Support Worker Salma has worked hard to offer a new model of psychoeducation during these sessions. We also delivered a Culturally Appropriate Mental Health programme together in partnership.

Networks

Rochdale Borough Culture Network

We continue to service the RBCN and to administer the RBCN pots of funding. Some pots are small grants, either general purposes or linked to particular events, and there is a separate pot designed to offer awards of up to £500 as match funding for successful applications to Arts Council England’s National Lottery match funds. During 2022 Hebe, as Chair of RBCN sat on the Rochdale Borough Council Cultural Compact, connecting with other partners in the borough and across GM.

Live Well Make Art

9

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023

Thanks to funding from GM NHS, we now administer Live Well Make Art, which serves practitioners working, volunteering or interested in the intersecting fields of arts & health. This has helped us to leverage a partnership with the University of Manchester to support in the development of a creative health coalition.

Artschain

Hebe and Becky are both members of Artschain, and currently attend meetings when they can in in Manchester for artists and organisations producing socially engaged art.

Staff also attend the Action Together’s networks including Rochdale Children and Young People’s network, the Women’s Network (Vicki), the Digi-Tech Library (Bailey) and within Rochdale, ‘Create Rochdale’ (the Local Cultural Education Partnership) (Bailey / Hebe). We are part of the following GM-wide networks: the Arts and Trauma Network (Becky / Hebe), Greater Manchester Arts Sustainability Team (Lucy / Vicki).

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of Cartwheel Arts Ltd for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANY PROVISIONS AND APPROVAL

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved by the Board of Trustees and signed on its behalf by:

Alyson Malach – Chair

Date: 04/11/23

10

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CARTWHEEL ARTS LTD FOR THE YEAR ENDED MARCH 31 2023

I report to the charity trustees on my examination of the accounts of the company for the year ended March 31 2023 which are set out on pages 15 to 26.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Stacy Mason

Stacy Mason FCCA

For and on behalf of:

HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants

Hyde Park House Cartwright Street Hyde, SK14 4EH Date: 16[th] November 2023

11

CARTWHEEL ARTS LTD STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2023

Notes
Unrestricted Restricted
Funds
Funds
£
£
Incoming resources from generated funds:
Donations
2
116,983
19,360
Charitable activities
3
76,432
104,983
Investment income - bank interest
257
-
TOTAL INCOME
193,673
124,343
EXPENDITURE
Expenditure on charitable activities
4
185,371
144,998
TOTAL EXPENDITURE
185,371
144,998
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
8,301
(20,655)
Transfers between funds
-
-
NET MOVEMENT IN FUNDS
6
8,301
(20,655)
TOTAL FUNDS BROUGHT FORWARD
12
55,935
47,837
TOTAL FUNDS CARRIED FORWARD
12
64,236
27,182		 Notes
Unrestricted Restricted
Funds
Funds
£
£
Incoming resources from generated funds:
Donations
2
116,983
19,360
Charitable activities
3
76,432
104,983
Investment income - bank interest
257
-
TOTAL INCOME
193,673
124,343
EXPENDITURE
Expenditure on charitable activities
4
185,371
144,998
TOTAL EXPENDITURE
185,371
144,998
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
8,301
(20,655)
Transfers between funds
-
-
NET MOVEMENT IN FUNDS
6
8,301
(20,655)
TOTAL FUNDS BROUGHT FORWARD
12
55,935
47,837
TOTAL FUNDS CARRIED FORWARD
12
64,236
27,182		 Notes
Unrestricted Restricted
Funds
Funds
£
£
Incoming resources from generated funds:
Donations
2
116,983
19,360
Charitable activities
3
76,432
104,983
Investment income - bank interest
257
-
TOTAL INCOME
193,673
124,343
EXPENDITURE
Expenditure on charitable activities
4
185,371
144,998
TOTAL EXPENDITURE
185,371
144,998
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
8,301
(20,655)
Transfers between funds
-
-
NET MOVEMENT IN FUNDS
6
8,301
(20,655)
TOTAL FUNDS BROUGHT FORWARD
12
55,935
47,837
TOTAL FUNDS CARRIED FORWARD
12
64,236
27,182		 Total
Total
2023
2022
£
£
136,343
150,489
181,415
240,840
257
69
318,015
391,398
330,370
374,706
330,370
374,706
(12,354)
16,692
-
-
(12,353)
16,692
103,772
87,080
91,418
103,772
193,673 124,343
185,371 144,998
185,371 144,998
8,301
-		 (20,655)
-
8,301
55,935		 (20,655)
47,837
64,236 27,182

The notes on pages 17 to 26 form part of these financial statements

12

CARTWHEEL ARTS LTD BALANCE SHEET AS AT MARCH 31 2023

Notes
2023
£
FIXED ASSETS
Tangible Assets
8
CURRENT ASSETS
Debtors
9
9,990
Cash at Bank and in Hand
147,867
157,857
CREDITORS
Amounts falling due in one year
10
66,439
NET CURRENT ASSETS
CREDITORSamounts falling
due in more than one year
11
TOTAL NET ASSETS
FUNDS
Unrestricted
12
Restricted
12
TOTAL FUNDS		 2023
£
-
91,418		 2022
£
7,537
164,291		 2022
£
-
106,272
171,828
65,556
91,418
-		 106,272
(2,500)
91,418 103,772
64,236
27,182		 55,935
47,837
91,418 103,772

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending March 31 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requiring the company to obtain an audit of its accounts for the year in question.

Directors’ responsibilities

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The notes on pages 17 to 26 form part of these financial statements.

Approved by the Board and authorised for issue on: 4[th] November 2023

And signed on their behalf by:

Alyson Malach - Chair Company registration number 2161995

13

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared: under the historic cost convention; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); FRS102; and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS102.

The accounts are prepared in £ sterling, the operational currency of the charity.

Fund accounting

General funds are available at the discretion of the directors in furtherance of the general objectives of the Company. Restricted funds are funds subject to specific restrictive conditions imposed by funders or by the purpose of the grant.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income:

Grants , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received.

Donations from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.

Earned income is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts.

Deferred income

Income is only deferred and included in creditors when:

Expenditure

Costs are defined as follows:

Costs of generating funds

Includes those costs associated with attracting voluntary income and in applying for new funding and sponsorship.

Charitable expenditure The costs of delivering the charitable activities. Governance costs The costs associated with meeting the constitutional and statutory requirements of the charity and include fees for external scrutiny of the accounts and costs linked to the strategic management of the charity.

All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of resources. Costs directly relating to a particular activity are allocated directly and other costs (support costs) are allocated on an appropriate basis to reflect the usage of resources. Details are given in note 4. All expenditure is shown inclusive of VAT, where applicable, as the company is not VAT registered and hence cannot reclaim any input VAT.

14

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

1 ACCOUNTING POLICIES (continued)

Pension contributions

Previously the Company contributed to the approved personal pension schemes of certain employees at the rate of 7.5% of basic gross salary. From November 2016 it has enrolled members of staff in the NEST, which complies with the requirements of auto-enrolment, with employer contributions of 7.5%.

Before the introduction of work place pensions, the charity made contributions to employees’ own pension funds. It has continued to do so for two employees who have opted out of auto enrolment, but this arrangement is not available for new employees.

These are defined contribution schemes and the Company has no further obligation to contribute over and above this percentage.

Tangible fixed assets and depreciation

Assets costing less than £1,000 (previously £500 up to 31/3/15) are not capitalised but written off to revenue in the year of acquisition.

Depreciation is provided on the cost of tangible fixed assets in order to write off the cost after taking account of scrap values over the expected useful lives as follows:

Furniture and office equipment 25% Straight line Project and computer equipment 25% Straight line

Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Financial instruments

The charity has only basic financial instruments which are initially recorded at cost, subsequently measured at their settlement value.

Cashflow statement

Advantage is taken of the exemption in the SoRP for small charities not to present a Statement of Cashflows.

15

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

Unrestricted
2 DONATIONS
£
Revenue Grants:
National Lottery Community Fund
Core funding
48,771
Garfield Weston
26,500
GMCA - Culture Portfolio
30,000
Your Trust
10,000
Postcode Neighbourhood Trust
Restart grant
-
Creative Industries
-
The Growth Fund- kickstart
-
Donations:
Donations - Stronger Communitie
-
Donations - general
1,712
116,983
3 INCOME FROM CHARITABLE ACTIVITIES
Darnhill Festival
ACE
-
Action Together
-
Curious Minds
-
Darnhill Festival Ass. & others
14,466
14,466
Other project funding
Art for Wellbeing
-
Little Artists
-

Overspill
-
Stronger Communities
-
Youth & Diversity
-

Art & Soul
-
Other Projects
Action Together Volunteers
-

GMCA - Creative Health Network
-
GMCA - Digital Project
-
Link4Life - RBCN project
-
Other income
61,966
61,966
Total
76,432		 Unrestricted 2023
Restricted		 Total Unrestricted 2022
Restricted		 Total
£
-

-

-

-

-

-

19,360
-		 £
48,771
26,500
30,000
10,000
-
-
19,360
-
-
1,712		 £
63,554
-
20,500
18,253
8,000
15,000
-
-
141
125,448
-

-

-

13,713
13,713
-
-
-
-
-
-
-
-
-
-
104,085		 £
-
-
10,562
-
-
-
-
14,129
350
-		 £
63,554
-
10,562
20,500
18,253
8,000
15,000
14,129
350
141
116,983 19,360 136,343 25,041 150,489
25,771
5,475
3,000
0		 1
25,771
5,475
3,000
14,466		 11,104
1,000
3,585		 11,104
1,000
-
17,298
14,466 34,246 48,712 15,689 29,402
29,610
4,498
-
16,759
-
19,870
-
-
-
-
-		 29,610
4,498
-
16,759
-
19,870
-
-
-
-
61,966		 49,702
8,997
-
19,494
(1,175)
17,835
500
2,500
8,000
1,500
-		 49,702
8,997
-
19,494
(1,175)
17,835
500
2,500
8,000
1,500
104,085
61,966 70,737 132,703 104,085 107,353 211,438
76,432 104,983 181,415 117,798 123,042 240,840

16

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023 3 INCOME FROM CHARITABLE ACTIVITIES (continued)

Art for Wellbeing
Action Together
GMCA
The Charity Service
WEA
Creative packs:
NHS
Rochdale BC
Rochdale Boroughwide Housing
Little Artists
The Ragdoll Foundation
Rochdale BC
Overspill
National Lottery Heritage Fund
Stronger Communities
Action Together
Arts Council
Rochdale Borough Council
Your Trust
You Must Remember This
Rochdale BC
Youth & Diversity
Barnardo's
Art & Soul
Action Together
Awards for All
Other		 Unrestricted 2023
Restricted		 Total Unrestricted 2022
Restricted
Total
£
-
-
-
-
-
-
-		 £
5,240
3,170
1,200
20,000
-		 £
5,240
3,170
-
-
1,200
20,000
-		 £
-
-
-
-
-
-
-		 £
£
23,060
23,060
19,438
19,438
1,345
1,345
5,859
5,859
-
-
-
49,702
49,702
8,997
8,997
-
8,997
8,997
-
-
-
9,995
9,995
1,499
1,499
5,000
5,000
3,000
3,000
19,494
19,494
-
-
(1,175)
(1,175)
(1,175)
(1,175)
7,955
7,955
9,880
9,880
17,835
17,835
- 29,610 29,610 -
-
-		 4,498
-		 4,498
-		 -
-
- 4,498 4,498 -
- - - -
- - - -
-
-
-
-		 5,259
5,000
6,500		 5,259
-
5,000
6,500		 -
-
-
- 16,759 16,759 -
- - - -
- - -
- - - -
-
-		 -
9,950
9,920		 -
9,950
9,920		 -
-
- 19,870 19,870 -

17

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

4 CHARITABLE EXPENDITURE
Staff costs
Direct project costs
Premises & Insurance
Travel and subsistence
Publicity & marketing
Support costs
Charged to restricted funds		 Unrestricted 2023
Restricted		 Total Unrestricted 2022
Restricted
Total
£
152,575
145,579
15,077
464
2,250
14,425
(144,998)		 £
-
-
-
-
-
-
144,998		 £
152,575
145,579
15,077
464
2,250
14,425
-		 £
145,497
190,575
14,174
287
1,197
22,976
(152,318)		 £
£
-
145,497
-
190,575
-
14,174
-
287
-
1,197
-
22,976
152,318
-
152,318
374,706
185,371 144,998 330,370 222,388

5 SUPPORT & GOVERNANCE COSTS

Support costs
Staff costs
Professional fees
Board costs
Staff & board training
Loan interest
Office costs & other costs
Total support costs		 Other support
Governance
Costs
Total
2023		 Other support
Governance
Costs
Total
2023		 Other support
Governance
Costs
Total
2023		 Other support
Governance
Costs
Total
2022		 Other support
Governance
Costs
Total
2022
£
-
2,672
1,453
0
0
297		 £
-
-
-
1,716
2,640
5,647		 £
-
2,672
1,453
1,716
2,640
5,944		 £
-
2,470
440
158
-
713		 £
£
-
-
-
2,470
-
440
3,001
3,159
2,640
2,640
13,554
14,267
19,195
22,976
4,422 10,003 14,425 3,781

Costs that can be wholly attributed to either support or governance are allocated directly to those functions, and other costs are allocated either on the basis of the estimation of time spent (staff costs) or consumption of resources (office costs).

6 NET INCOMING RESOURCES AFTER TRANSFERS
This is stated after charging/(crediting):
Accountant/Independent examiner's fees
Report
Accountancy and payroll costs
Depreciation charged on fixed assets
Directors' remuneration & trustees' expenses		 2023
£
950
1,300
-
-		 2022
£
950
1,290
-
-

18

CARTWHEEL ARTS LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023
7 STAFF INFORMATION
2023
£
a Staff costs
Salaries and wages
137,109
Employer's pension contributions
10,015
Employer's NI contributions
5,450
152,575
No employees earned more than £60,000 pa in either year
b
Key management personnel
The key management of the charity comprise the trustees and senior staff (as set out on page1).
The trustees do not receive any remuneration for their services.
The total employee benefits of other key management were as follows:
50,772
c Average number of employees
The average number of employees was as follows:-
2023
Average
number
Charitable
6
Administration
1
7		 2022
£
130,092
9,762
5,643
145,497
50,671
2022
Average
number
6
1
7

19

CARTWHEEL ARTS LTD CARTWHEEL ARTS LTD CARTWHEEL ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023
8 TANGIBLE FIXED ASSETS
Furniture
Project &
& Office
Computer
Equipment Equipment
Total
Cost
£
£
£
As at April 1 2022
16,352
31,257
47,609
As at March 31 2023
16,352
31,257
47,609
Depreciation
As at April 1 2022
16,352
31,257
47,609
As at March 31 2023
16,352
31,257
47,609
Net Book Value
As at March 31 2023
-
-
-
As at March 31 2022
-
-
-
2023
2022
9 DEBTORS
£
£
Income receivable
9,990
7,534
Prepayments & other debtors
-
3
9,990
7,537
10 CREDITORS falling due within one year
Trade creditors
11,471
5,904
Loan - GMCVO
2,500
10,000
Funds in trust
3,647
6,777
Social security & other taxes
2,352
3,120
Income in advance
41,690
35,912
Accruals
4,779
3,843
66,439
65,556
11 CREDITORS falling due in more than one year
Loan - GMCVO
-
2,500
-
2,500
The loan from GMCVO is unsecured and interest is charged at 6.6% flat rate (12.5% APR). The loan was
repayable from April 2019 in 56 monthly instalments of £921.75 and a final instalment of £922. The loan was
received in January 2019. On November 2 2019, the lender agreed a deed of variation under which interest
only of £220 was payable for six months, with repayment at £921.75 commencing again in May 2020.
The loan has been made in order to allow the charity to finance the costs of developing and diversifying its
earned income steams.
Funds in trust represent monies received from two sources. Link4Life funds provide matched funding of up to
£500 each for successful applications from artists and organisations based in the borough of Rochdale to
Arts Council National Lottery Project Grants. Live Well Make Art funding supports a small grants scheme
available to artists and health workers across Greater Manchester.
On April 6 2020, the lender agreed another deed of variation under which no payments of interest or capital
would be made between April 2020 and September 2020, with interest only being paid in October 2020.
Thereafter, the loan is repayable in 32 monthly instalments of £1,053.33, including interest of £220 per
month.		 Total
£
47,609
16,352 31,257 47,609
16,352 31,257 47,609
16,352 31,257 47,609
- - -
- - -
2023
£
9,990
-		 2022
£
7,534
3
9,990 7,537
11,471
2,500
3,647
2,352
41,690
4,779		 5,904
10,000
6,777
3,120
35,912
3,843
66,439 65,556

20

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

12 STATEMENT OF FUNDS

Balance
01/04/2021
Unrestricted Funds:
£
General fund
35,008
35,008
Restricted Funds:
National Lottery Community Fund - Coronavirus
Community Support Fund
-
GMCA - staff post
-
The Growth Fund - Kickstart
-
Darnhill Festival
2,000
Art & Soul
Art for Wellbeing
6,109
Little Artists
14,997
Overspill
-
Stronger Communities
14,954
You Must Remember This
8,919
Youth and Diversity
4,512
Other Projects
581
Total restricted funds
52,072
Total funds
87,080		 Balance
01/04/2021
£
35,008		 Income
£
243,315
243,315
-
10,562
14,129
15,689
17,835
49,702
8,997
-
19,844
-
(1,175)
12,500		 Expenditure
£
(222,388)		 Transfers
£
-		 Balance
31/03/2022
£
55,935		 Income
£
193,673
193,673
-

-

-

34,246

19,870

29,610
4,498
-
16,759
-
-
19,360		 Expenditure
£
(185,371)		 Transfers
£
-		 Balance
31/03/2023
£
64,236
64,236
-

-

-

2,028
693
13,550
-
-
3,484
2,000
-
5,427
35,008 (222,388) - 55,935 (185,371) -
-
(10,562)
(14,129)
(17,489)
(15,296)
(34,392)
(19,166)
-
(26,809)
(1,044)
(3,337)
(10,094)		 -
-
-
-
-
-
-
-
-
-
-
-
 -
-
-
200
2,539
21,419
4,828
-
7,989
7,875
-
2,987		 -
-
-
(32,418)
(21,716)
(37,479)
(9,326)

-
(21,264)
(5,875)
-

(16,920)		 -
-
-
-
-
-
-
-
-
-
-
-
52,072 148,083 (152,318) - 47,837 124,343 (144,998) - 27,182
87,080 391,398 (374,706) - 103,772 318,016 (330,370) -
 91,418

21

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

12 STATEMENT OF FUNDS

Analysis of restricted funds:
Art & Soul
Action Together
Awards for All
Art for Wellbeing:
Action Together
GMCA
The Charity Service
WEA
Creative packs
Self made
Little Artists
Overspill
National Heritage Lottery Fund
Stronger Communities
Gaia
Poetry Miles
Stories of strength
Skill Mill
Women's Network - maternity
You Must Remember This
Analysis of restricted funds (continued):
Youth & Diversity
Curious Minds re Bubble Up
Other grants & donations
Other Projects
Action Together - Volunteers reconnect
RMBC
GMCA - Creative Health Network
GMCA - Digital Project
Link4Life - RBCN project		 Balance
01/04/202
£
-
-		 Income
£
7,955
9,880		 Expenditure
£
(5,416)
(9,880)		 Transfers
£
-		 Balance
31/03/2022
£
2,539
-		 Income
£
9,920
9,950		 Expenditure
£
(12,459)
(9,257)		 Transfers
£
-		 Balance
31/03/2023
£
-
693
- 17,835 (15,296) - 2,539 19,870 (21,716) - 693
-
3,936
-
784
-
1,389		 23,060
19,438
1,345
5,859
-
-		 (6,549)
(19,811)
-
(6,643)
-
(1,389)		 -
-
-
-
-
-		 16,511
3,563
1,345
-
-
-		 5,240
3,170
-
-
21,200
-		 (20,016)
(6,733)
(1,345)
-
(9,385)
-		 -
-
-		 1,735
-
-
-
11,815
-
6,109 49,702 (34,392) - 21,419 29,610 (37,479) - 13,550
14,997 8,997 (19,166) - 4,828 4,498 (9,326) -
- - - - - - - -
- - - - - - - - -
-
13,886
-
1,068
-		 8,000
1,499
5,000
-
5,345		 (8,000)
(15,385)
(2,356)
(1,068)
-		 -
-
-
-
-		 -
-
2,644
-
5,345		 11,500
-
264
-
4,995		 (8,016)
(2,908)
(10,340)		 -
-
-
-
-		 3,484
-
-
-
-
14,954 19,844 (26,809) - 7,989 16,759 (21,264) - 3,484
8,919 - (1,044) - 7,875 - (5,875) - 2,000
8,919 - (1,044) - 7,875 - (5,875) - 2,000
Balance
01/04/2021
£
-
4,512		 Income
£
-
(1,175)		 Expenditure
£
-
(3,337)		 Transfers
£
-
-		 Balance Income
£
-
-		 Expenditure
£
-		 Transfers
£
-		 Balance
31/03/2023
£
-
-
31/03/2022
£
-
-
4,512 (1,175) (3,337) - - - - - -
-
-
-
-
581		 500
-
2,500
8,000
1,500		 (500)
-
-
(8,000)
(1,594)		 -
-
-
-
-		 -
-
2,500
-
487		 -
19,360
-
-
-		 -
(13,933)
(2,500)
-
(487)		 -
-
-
-
-		 -
5,427
-
-
-
581 12,500 (10,094) - 2,987 19,360 (16,920) - 5,427

22

CARTWHEEL ARTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023 12 STATEMENT OF FUNDS (continued)

Transfers

The Big Lottery Community Fund provided funding under the Coronavirus Community Support Fund part of which was specifically to rebuild the charity's free reserves to ensure resilience going forward. A transfer has been made to unrestricted funds in respect of this.

Restricted fund balances carried forward

Darnhill Festival Towards future project costs Art & Soul Towards future project costs Art for Wellbeing: Towards future project costs Little Artists Towards future project costs Stronger Communities Towards future project costs You Must Remember This Towards future project costs GMCA - Creative Health Network Towards future project costs Link4Life - RBCN project Towards future project costs

All the above will be utilised in 2022/23

The costs of the Darnhill Festival are met from a mixture of unrestricted and restricted income. The income and expenditure:

INCOME
Grants
Darnhill Festival Association
and others
EXPENDITURE
Direct and support costs
Net Income/(expenditure)		 2023 Unrestricted 2022
Restricted
Total
Unrestricted Restricted Total
£
-
14,466		 £
34,246		 £
34,246
14,466		 £
-
13,713		 £
£
15,689
15,689
3,585
17,298
19,274
32,987
(17,489)
(31,202)
1,785
1,785
14,466 34,246 48,712 13,713
(14,466) (32,418) (46,884) (13,713)
- 1,828 1,828 -

13 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at March 31 2023 are represented by:- Unrestricted Restricted
Funds Funds Total
£ £ £
Tangible fixed assets - - -
Net current assets 64,236 27,182 91,418
Creditors due in more than one year -
64,236 27,182 91,418
Fund balances at March 31 2022 are represented by:-
Tangible fixed assets - - -
Net current assets 58,435 47,837 106,272
Creditors due in more than one year (2,500) - (2,500)
55,935 47,837 103,772

23

CARTWHEEL ARTS LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

14 CONSTITUTION

The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each.

15 TAXATION

The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.

16 CAPITAL COMMITMENTS

There were no capital commitments authorised and contacted for at the end of the year (2021 £Nil).

17 OPERATING LEASE COMMITMENTS

The company had the following minimum commitments under non-cancellable operating leases:

Due within one year
Due between 2 and 5 years		 2023
2022
£
£
2,400
-
-
-
2,400

14 CONSTITUTION

The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each.

15 TAXATION

The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.

16 CAPITAL COMMITMENTS

There were no capital commitments authorised and contacted for at the end of the year (2021 £Nil).

17 OPERATING LEASE COMMITMENTS

The company had the following minimum commitments under non-cancellable operating leases:

Due within one year
Due between 2 and 5 years		 2023
2022
£
£
2,400
-
-
-
2,400

24

CARTWHEEL ARTS LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

The following page does not form part of the statutory accounts

25

CARTWHEEL ARTS LTD DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED MARCH 31 2022

Unrestricted
Funds
INCOME
£
National Lottery Community Fund
48,771
ACE Emergency Funding
26,500
GMCA - re staff post
30,000
Link4Life
10,000
Postcode Neighbourhood Trust
-
Rochdale Borough Council
COVID Small Business
-
Restart grant
-
Creative Industries
-
The Growth Fund- kickstart
-
Donations
1,712
Project income - grants and fees
76,432
Investment income - bank interest
257
TOTAL INCOME
193,673
EXPENDITURE
Gross salaries
137,109
Social Security Costs
5,450
Pension costs
10,015
General project costs
145,579
Rent and services
15,077
Publicity and marketing
2,250
Travel and subsistence
464
Staff and Board training
1,716
Board costs
1,453
Office costs
2,831
Postage
38
Telephone, fax and internet communication
3,075
Accountancy & professional fees
2,672
Loan interest
2,640
Charged to restricted funds
(144,998)
TOTAL EXPENDITURE
185,372
SURPLUS BEFORE TRANSFERS
8,301
TRANSFERS BETWEEN FUNDS
-
SURPLUS AFTER TRANSFERS
8,301
FUNDS BROUGHT FORWARD
55,935
FUNDS CARRIED FORWARD
64,236		 Restricted
Funds
£
-
-
-
-
-
-
-
19,360
-
-
104,983
-
124,343
-
-
-
-
-
-
-
-
-
-
-
-
-
-
144,998
144,998
(20,655)
-
(20,655)
47,837
27,182		 Total
2023
2022
£
£
48,771
63,554
26,500
-
30,000
10,562
10,000
20,500
-
18,253
-
-
-
8,000
19,360
15,000
-
14,129
1,712
491
181,415
240,840
257
69
318,015
391,398
137,109
130,092
5,450
5,643
10,015
9,762
145,579
190,575
15,077
14,174
2,250
1,197
464
287
1,716
3,159
1,453
440
2,831
10,639
38
139
3,075
3,489
2,672
2,470
2,640
2,640
-
-
330,370
374,706
(12,355)
16,692
-
-
(12,355)
16,692
103,772
87,080
91,417
103,772

26