2023-03-31-accounts - The Bluecoat

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CONTENTS					PAGES
Company Information
Directors' Report					3 —18
Independent	Auditor's Report				19—22
Consolidated	Statement of	Financial Activities	including	the Income	23
and Expenditure Account
Consolidated	and Company	Balance Sheet			24
Statement of	Consolidated	Cash Flows			25
Notes to the	Financial Statements				26 —46

			unrestrktsd Funds	Rrmtrlctad Funds	Total Funds 2023	Total Funds 2022
			f	f	5	5
Income
00rsr boding	actlxgies		777,026	0	777,026	611,619
Oona8ons and legacies			4,767	0	4,767	2,293
Income from	charitable ecbuties		815,366	606,188	1,421,553	2,335,08D
Total
Expenditure
Expenditure	on raising funds		I,302,320	0	I,302,320	783,718
Expslxbium	oh clmfltalrls	acbubss	521,647	94D,845	1,462,492	1,839,857
Total
Net Incoming/(outgoing) resources for the year and net movement In funds			(226,808)	(334,657)	(661,464)	325,416
Balance bif			616,309	6,790,788	9,406,097	9,080,681
Bslahca cif

					COMPANY	COMPANY
			2023	2022	2023	2022
		Notes	6	E	6	6
FIXEDASSETS
Intangible Fixed Assets		11	10,757	22,492	10,757	22,492
Tangible assets		12	9,007,156	9,393,613	9,003,687	9,391,386
Inwtsiment in Subsidiary		13	0	0	1	I
CURRENT ASSETS
Stock		14	8,088	3,453	0	0
Debtors		15	186,364	335,056	271,999	319,987
Cash al bank and ln hand						270 342
CREDITORS: Due within	one year		273,042	571,581	225,479	542,885
Net Current Assets (Liabilities)
Total Assets less Current	Llabgltles
CREDITORS: Due ager one year		17	303,517	62,361	303,517
Total Net Assets
Funds
Unrestricted Resene - General		20	388,501	615,309	394,227	608,175
Resklcfed Resene		19	8,456,132	8,790,788	8,456,132	8,790,788
Total Funds

					2023f	2022f
Cash flows from operating activities:
Net income (ettpenditure) for the year (as per the statement of financial actigties)					(561,465)	325,416
Adjusted for:
Depreciation					404,916	399,941
Decrease / (increase) in stock					(4,635)	(1,510)
Decrease / (increase) in trade and other	receivables				148,692	(87,856)
Increase / (decrease) in trade and other	payables				(302,277)	(294,981)
Net cash inflow (outflow) from operating		activities			~374 789	341 811
Cash flows from investing activities
Purchase of property, plant &equipment					(6,722)	(337,160)
Cash used in investing activities					~8722	~337168
Cash flows from financing activities
Repayment of borrowing					(5,108)	(43,499)
Loans advanced					250,000	0
Capital Grants Received					0	0
Net cash flows used in financing activities					244 892	~43 499
8tt ttd 71 h&	h	81	\|t	~76599	~39648
Opening cash &cash equivalents					285,425	325,073
Closing cash 6 cash equivalents Movement in cash and cash equivalents					208,826 ~76,599	285,425 ~39,648

Freehold Property		2 0%
Computers and Related	Equipment	33.3%
Furniture and Fixtures		20.0% - 25.0%
Other Equipment		12.5%-25.0%
Property Improvements		10%

			Unrestricted Fundsf	Total 2022	Total 2021
Income	from rents and room hires		259,568	259,568	208,203
Government Grants			65,519	65,519	58,064
Catering	Outlet Income		282,930	282,930	16,000
BoxOffice &Merchandise		Income	3602	3002	285
			611610	611 6111	202 552

		Unrestricted Funds	Restricted Funds	Total 2023	Total 2022
Revenue Grants		f	f	f
Aria Council England		495,846	0	495,846	496,431
Liverpool City Council		150,000	0	150,000	150,000
Pro)act Grants
Arts		0	257,245	257,245	299,983
Parllcipation		108,843	300,256	409,099	223,903
Other Income
Covid Recovery Grants		0	19,494	19,494	424,451
Capital Grant Release		0	29,193	29,193	698,847
Mussums & Galleries Tax Relief		32,629	0	32,629	38,489
Olher Charitable Activity	Income	28,048	0	28,048	4,996
		01 6	6D6100	I 216	~335000

Revenue Grants	Unrestricted Fundsf	Restrlcterl Fundsf	Total 2022	Total 2021
Arts Council England	496,431	0	496,431	495,846
Liverpool Citv Council	150,KO	0	150,000	150,000
Pro)act Grants
Arts	2500	297,463	299,963	43,850
Parlicipation	92,120	131,783	223,903	110,200
Otherlncome
Corid Recovery Grants	424,451	0	424,451	610,264
Capital Grant Rekrase	0	698,847	698,847	49,355
Mussums & Galleries Tax Relief	36,489	0	36,489	12,500
Other Charitaide Actidty income	4,996	0	4,996	43,913
	I 200000	~112 092	2S5000	I 515920

			Unrestricted Funds	Restricted Funds	Total 2023	Total 2022
			E	f
Advertising	and	Marketing	131,720	0	131,720	179,049
Building running		costs	379,999	0	379,999	173,808
Support costs (See note 9)			196,827	0	196,827	176,553
Fundraising	snd	Development	159,470	0	159,470	814
Commercial	Operations		434,303	0	434,303	253,493
			13D2319	D	I 0 310	10 I

			Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
			f.	f
Advertising	and	Marketing	179,049	0	179,049
Building running		costs	173,808	0	173,808	130,870
Support costs (See note 9)			176,553	0	176,553	183,653
Fundraising	snd	Development	814	0	814	48,606
Commercial	Operations		253,493	0	253,493	95,262
			703710		703710	622 006

7 EXP	ENDITURE ON CH	ARITABLE ACTIVIT	IES
		Unrestricted Funds	Restricted Funds	Total 2023	Total 2022
		f	f	f
Arts Progranvne		87,227	257,245	344,472	529,800
Participation		118,628	300,256	418,885	258,675
Support costs (See note 9)		296,384	383,343	679,727	1,033,196
Governance	costs	19,407	0	19,407	18,187
		2104	040SI4	1012492	1030

		Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
		f	f	f
Arts Programme		94,259	435,541	529,800	288,521
Participation		104,016	154,659	258,675	148,486
Support costs (See note 9)		654,441	378,755	1,033,196	857,446
Governance	costs	18,187	0	18,187	15,510
		820 903	000060	I 039050	I 309 903

he Group	incurred the following charges fr	om auditors:
		2023	2022
		f
Auditor's	fee	10,903	10,300
Other services		768	880
		11,671	11,180

Cost area						Costs of raising funds	Charitable activities	Charitable Activities Governance	Total2023	Total2022
						8		6		8
Professional	fees					81,172	112,849	3,960	197,981	222,863
Wages and salaries						83,418	115,971	4,069	203,458	483,912
Staff Expenses,		Recrugment			&Training	9,251	12,861	451	22,563	8,101
Bank charges						1,504	2,091	73	3,868	2,492
Depreclaflon						0	403,715	0	403,715	397,512
ICTSupport,	Telephone			&Stationery		8,638	12,009	421	21,068	22,730
Loan Inbvest						16,965	0	0	16,985	8,825
btaterials, Equipment			&	Sundry		816	856	30	1,602	22,304
Irmcoxersble	VAT					0	19,378	0	19,376	48,634
Bad debts written		off				(4,737)	0	0	(4,737)	0
Audit fees						0	0	8,161	8,181	8,000
Board expenses						0	0	2,242	2,242	2563
										1,227,938

Cost area						Costs of raising funds	Charhabte	Governance	Total 2022	Total 2021
						f		6		6
Professional	fees					49,030	171,604	2,229	222,863	109,985
Wages srkl salaries						106,461	372,612	4,839	483,912	573,713
Staff Expenses,		Recruffmenl			& Training	1,782	6,238	81	8,101	4,917
Bank charges						548	1,919	26	2,492	2,064
Depreclsbon						0	397,512	0	397,512	301,817
ICTSupport,	Telephone			&SlaBonery		5,001	17,502	227	22,730	19,438
Loan Interest						8,825	0	0	8,825	3,720
Materials, Equipment			&	Sundry		4,907	17,174	223		11,501
Irrecoverable	VAT					0		0	48,634	0
Bad debts wrfften		off				0	0	0	0	21,182
Audit fees						0	0	8,000	8,000	7,905
Boa'd expenses						0	0	2,563	2,563	389

				Average number ofemployees	Average number ofemployees
				2023	2022
				No.	No.
Group
Management,		Development	8 Administration	16	16
Arts Programme				32	22
Technicians				9	15
Engagement				16	19
Trading	Company			8	5
				81	77
				2023	2022
				6	6
Group
Wages	and salaries			1,075,203	1,032,938
Social security		costs		70,264	70,504
Pension	costs			21,359	20,969
				1,166,826	1,124,411

GROUP AND	Branding and
COMPANY	Website
COST	f
At 1 April 2022	45,635
Additions	0
Disposah	0
At 31 March 2023	45 635
DEPRECIATION
At 1 April 2022	23,143
Charge for year	11,735
Disposals	0
At 31 March 2023	34,878
NET BOOK VALUE
31-Mar-23	10,757
31-Mar-22	22,492

GROUP	Freehold	Properly	Computer	Other	Furniture	&
	Property	Improwments	Equipment	Equipment	Fixbrres
COST	f	f	f.	f			f
At 1 Apnl 2022	12,284,205	707,405	182,036	385,421	448,102		14,007,169
AddiUons		0	5,278	944	0		6,722
Di epos a le	0	0	0	0	0		0
At 31 March 2023	12284 705	707405	187314	386365	448 102		14013891
DEPRECIATION
At 1 April 2022	3,439,577	174,825	173,764	381,269	444,120		4,613,666
Charge for year	245,685	137,658	7,555	1,329	954		393,180
Disposals	0	0	0	0	0		0
At 31 March 2023	3685262	312483	181319	382598	445074		6006736
NET BOOK VALUE
31-Mar-23	8,699,443	3S4,923	6,994	3,768	3,028		9,007,166
31-Mar-22	8,844,628	532,579	8,272	4,152	3,982		9,393,613
COMPANY	Freehokl Property	Properly Improvements	Computer Equipment	Other Equipment	Furniture Fixtures	&
COST	f			f	f		f
At 1 April 2022	12,284,205	707,405	182,036	378,752	441,286		13,S93,683
Additions	500	0	3,780	0	0		4,280
Dlsposels	0	0	0	0	0		0
At 31 March 2023	12284705	707,405	185,816	378752	441 286		13997S63
DEPRECIATION
At 1 April 2022	3,439,577	174,825	173,784	376,827,	437,304		4,602,297
Charge for year	245,685	137,658	7,181	502	954		391,979
Disposals	0	0	0	0	0		0
At 31 March 2023	3685262	312,483	180945	377330	438258		4 994277
NET BOOK VALUE
		r
31-Mar-23	8,6S9,443	394,822	4,871	1,422	3,028		9,003,687
31-Mar-22	8,844,628	532,579	8,272	1,925	3,982		9,391,386

										Group f	Group f		Company f	Company f	Company f	Company f
Cost
As at 31 March 2022
As at 31 March 2023
The investment	relates to 100%ofthe ordinary			share	capital owned by The Bluecoat								in the
subsidiary, Trading at the Bluecoat Limited,			a	company		incorporated in England						&Wales,		company
registration number 06825349 and whose registered					office			is The		Bluecoat, School Lane,
Liverpool, L1 3BX.
As at 31 March	2023, its reserves stood at		f5,729.The principal						activity		ofTrading at		the	Bluecoat
Limited is to operate catering undertakes events and room		and hospitality outlets situated within the building. The company hire. The venture's financial results for the year ended 31"March														also
2023 were:
								2023f							2022f
Turnover							466,608							282,930
Grant Income								4,950							37,119
Expenditure						(484,420)							(280,881)
Tax									0						(2,995)
Profit(Loss)							(12,861)								36,173
14 STOCK
										2023f					2022
Group
Food & drink										8,088					3,453
15 DEBTORS
Amounts due within one year:
				2023f						2022
Group
Trade debtors				62,097					40,813
Accrued income				97,774					257,980
Other debtors				26 493					36262
				386384					335656
Company
Trade debtors				47,386					30,823
Accrued income				97,774					257,980
Other debtors				21,415					31,184
Amounts due to	(from) group	companies		105,425						0
			272 936						379987

			2023	2022
			E
Group
Trade creditors			84,965	160,352
Deferred	income		14,027	246,807
Social security		and other taxes	22,128	16,719
Accruals	and provisions		65,353	64,869
Loans			86 571	82 835
			273 843	571 582
Company
Trade creditors			65,400	141,343
Deferred	income		1,125	229,948
Social security		and other taxes	15,868	10,774
Accruals	and provisions		56,513	61,695
Loans			86,571	82,835
Amounts	due to	(from) group companies	0	16,288
			225478	642 885

			2023	2022
				6
Group
Deferred	Capital Grant Income		0	0
Other bans			303517	62,361
Total			303 517	62,361
Company
Deferred	Capital Grant Income		0	0
Other loans			303517	62 361
Total			303517	62 361
Included	in the above total are the following		items:
			2023	2022
			E	6
Maturity	ofdebt:
Amounts	falling due:
In one year or tass			86,570	82,835
Between one		and two years	67,668	22,342
Between two and five years			235 850	40,019
			390088	185 196
18 FINANCIAL		INSTRUMENTS
			2023	2022
			E	F
Group
Financial	assets at	cost	368,696	584,219
Financial	liabilities at cost		150,317	225,221
Loan commitments		at cost	390,088	145,196
Charity
Financial	assets at	cost	343,495	559,146
Financial	liabilities at cost		121,915	244,326
Loan commitments		at cost	390,088	145,196

			Balance as at 1st April	Movement	in Funds	Balance as at 31st March
			2022	Income	Expenditure	2023
			6		6
Group	and	Company
Buikling	Development		8,779,381	29,193	383,343	8,425,231
Participation			11,407	300,256	300,256	11,407
Arts			0	257,244	237,752	19,493
My Bluecoat			0	0	0	0
Inhabit			0	0	0	0
Fundraising		&deuelopment	0	19484	19494	0
			0780700	606100	981045	0406151

RESTR	ICT	ED FUNDS (PRI	OR YEAR)
			Balance as at 1st April	ittbvement	in Funds	Balance as at 31st Mhrch
			2021 E	Income	Expenditure F	2022f
Group	and	Company
BuiMing	Devektpment		8,459,289	698,847	378,755	8,779,381
Participation			34,283	131,783	154,659	11,407
Arts			44,712	297,463	342,175	0
My Bluecoat			65,235	0	65,235	0
Inhabit			23,215	0	23,215	0
Fundraising		&developrmnt	4916	0	4916	0
			8631650	1120092	060954	0TMTM

		Balance as at 1st April	Movement	in Funds	Balance as at 31st March
		2022 f	Income f	Expenditure f	2023f
Group
General		615,309	1,597,159	1,823,967	388,501
Designated	Unrestricted	0	0	0	0
		610%5	1607150	1023067	308M1
Company
General		608,175	1,125,554	1,339,502	394,227
Designated	Unrestricted	0	0	0	0
		000 175	1 125554	1339502	364227

		Balance as at 1st April	Movement	in Funds	Balance as at 31stMarch
		2021 f	Income f	Expenditure f	2022f
Group
General		449,031	1,820,899	1,654,621	615,309
Designated	Unrestricted	0	0	0	0
		449 D31	1 BBD088	1 604 621	615309
Company
General		453,070	1,556,233	1,401,128	608,175
Designated	Unrestricted	0	0	0	0
		483 07D	1 S56 233	1401 122	6DB 176

		Fixed Assets	Net Current Assets (LtabHitles)	Long Term Llabig ties	Total for Year 2023
GROUP			6
Restricted	Funds
Building Development		8,994,366	(569,134)	0	8,425,232
Participation		0	11,407	0	11,407
Arts		0 0994368	19493 ~5302	0 0	19,493 ~ 00 1
Unrestricted	Funda	23,548	668,471	(303,517)	388,502
Total Funds		9017915	130237	~303 51	0044 034

		Fixed Assets	Net Current Assets (Llabglties)	Long Term Llabgltles	Total for Year 2022
GROUP			6
Restricted	Funds
Building Development		9,377,207	(597,826)		8,779,381
Participation		0	11,407		11,407
Arts		0	0		0
		9377207	~050479	0	0790 700
Unrestricted	Funds	38,898	638,772	(62,361)	615,309
Total Funds		9416105	52353	~62 381	966087

		Fixed Assets	Net Current Assets	Long Term Liabilities	Total for Year 2023
			(Liabilities)
COMPANY			6
Restdcted	Funds
Building Development		8,994,366	(569,135)		8,425,231
Participation		0	11,407		11,407
Arts		0	19,494		19,494
		8,894386	~538 235		8,456,132
Unrestricted	Funds	20,078	677,666	(303,517)	394,227
Total Funds		9014444	139431	~303517	8 850359

		Fixed Assets	Net Current Assets (Uabllltles)	Long Term Liabilities	Total for Year 2022
COMPANY			6
Restricted	Funds
Building Development		9,377,207	(597,826)		8,779,381
Participation		0	11,407		11,407
Arts		0	0		0
i34y Bluecoat		0	0		0
Inhabit		0	0		0
Fundrafsing	and Devlopment	0	0		0
		93 7 0	~5%419	0	8,790,788
Unrestricted	Funds	38,898	638,772	(62,361)	615,309
Total Funds		9 16105	52353	~623BI	9416007

	2023 f	2022 E
Expiry date:
Not later than one year	1,088	2,612
Later than one year and not later than five years		1,088

At 31 March	2023 the charity had	2023 the charity had	capital commitments	as follows:
					2023	2022
					6
Contracted	for but not	provided	in the financial statements:
Acquisition	of property,	improvements and fixtures and		fittings		9,001

						Unrestricted	Restricted	Total Funds	Total Funds
					Notes	Funds	Funds	2022	2021
						6	6	6	6
Income
Other trading	acdutles					611,619	0	611,619	282,550
Donaaons and legacies						2,293	0	2,293	2,604
Income fram	charitable	activities				1,206,988	1,128,092	2,335,080	1,515,928
Total
Expenditure
Expenditure	on raising funds					783,718	0	783,718	522,895
Expenditure	on charitabh		accvities			870,903	968,954	1,839,857	1,309,963
Total
Net Incomlngl(outgoing)			resources
for the year	and net movement			In		166,278	169,138	326,416	(31,776)
funds
Balance blf						449,031	8,631,650	9,080,681	9,112,457
Babmce c/f