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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|
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|||||Notes|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|||||||||
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|||||GROUP||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|
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|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%|
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||||Unrestricted
Fundsf|Restricted
Funds
f|Total 2022|Total 2021|
|---|---|---|---|---|---|---|
|Income|from rents and room hires||259,568|0|259,568|208,203|
|Government
Grants|||65,519|0|65,519|58,064|
|Catering|Outlet Income||282,930|0|282,930|16,000|
|BoxOffice &Merchandise||Income|3602|0|3002|285|
||||611610|0|611 6111|202 552|
##
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|||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|
##
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|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|
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|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||||||||||