# 



## 

|Trustees||Jonathan<br>Lang|||
|---|---|---|---|---|
|||Scott Sherrard|||
|||Laura Catterall|||
|||Benjamin<br>Curthoys|(Appointed|12August 2022)|
|||Dean Jackson|(Appointed|12August 2022)|
|||Helen Milner|(Appointed|15August 2022)|
|||Wendy Barrett|(Appointed|1 April 2023)|
|Executive|Director and Chief|Rosanne<br>Lamont|||
|Executive|||||
|Also known as||The Maltings|||
|Secretary||Rosanne Lamont|||
|Charity number||701194|||
|Company|number|02332073|||
|Registered|office|The Maltings Theatre &Cinema|||
|||Eastern Lane|||
|||Berwick upon Tweed|||
|||TD15 1AJ|||
|Auditor||Sumer Auditco Limited|||
|||The Beehive, Beehive Ring Road|||
|||London Gatwick Airport|||
|||Gatwick|||
|||United<br>Kingdom|||
|||RH6 OPA|||
|Bankers||CAF Bank Limited|||
|||25 Kings<br>Hill Avenue|||
|||West Mailing|||
|||Kent|||
|||ME194JQ|||
|Solicitors||Adam Douglas (tSon|||
|||49/51 Bridge Street|||
|||Berwick upon Tweed|||
|||TD15 1ES|||





## 

||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-9|
|Independent<br>auditor's|report||10—12|
|Group Statement offinancial||activities|13—14|
|Group Balance sheet|||15 —16|
|Charity Balance sheet|||17-18|
|Group Statement<br>ofcash flows|||19|
|Notes to the financial|statements||20- 37|





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|The trustees,<br>who are also the directors|The trustees,<br>who are also the directors|The trustees,<br>who are also the directors|The trustees,<br>who are also the directors|for the|purpose ofcompany|purpose ofcompany|law, and who served during the year and up to|
|---|---|---|---|---|---|---|---|
|the date ofsignature|of|the financial statements|||were:|||
|Jonathan<br>Lang||||||||
|William Jackson||||||(Resigned 28 April 2022)||
|Susan Hallswoith||||||(Resigned 10January 2023)||
|Matthew<br>Runham||||||(Resigned 7 June 2023)||
|Laura Catterall||||||||
|Benjamin<br>Curthoys||||||(Appointed<br>12August 2022)||
|Dean Jackson||||||(Appointed<br>12August 2022)||
|Helen Milner||||||(Appointed<br>15August 2022)||
|Wendy Barrett||||||(Appointed<br>1 April 2023)||
|The maximum<br>number||oftrustees|is sixteen.|||||
|Staff team as at 31 March 2023||||||||
|Programme<br>Manager:||||||Daniel Cox||
|Duty Manager:||||||Neil Davidson||
|Front ofHouse and Box Office:||||||Januario Espejo||
|Head of Youth Drama:||||||Wendy Payne||
|Front ofHouse, Box|Office and Youth Theatre:|||||Ross Graham||
|Front ofHouse, Box|Office snd Gallery|||Invigilator:||Sarah Graham||
|Venue Manager:||||||Shone Hammon||
|Executive Director (CEO):||||||Rosanne<br>Lamont||
|Head of Visual Arts:||||||James Lowther||
|BoxOffice:||||||Cloudy Manningham||
|Technical Manager:||||||James Manningham||
|Gallery Invigilator:||||||Caitlin Mutch||
|Front ofHouse and BoxOffice:||||||Charlotte<br>Payne||
|Front ofHouse, Box|Office and Gallery|||Invigilator:||Oliver Payne||
|Gallery Invigilstor:||||||Daniel Flannigan||
|Head ofMarketing||||||Sally Wilson||
|Learning<br>& Engagement||Manager|(schools)|||Val Tobias||





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|Current financial year|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2023|2022|
|||||||Unaudited|
|||Notes||||6|
|Income and endowments|from:||||||
|Donations<br>and legacies|||274,732|8,620|283,352|443,570|
|Charitable<br>activities|||436,938|30,798|467,736|244,802|
|Other trading<br>activities|||337,212||337,212|240,485|
|Investments|||894||894|41|
|Other income|||18,000|62,964|80,964||
|Total income|||1,067,776|102,382|1,170,158|928,898|
|Expenditure<br>on:|||||||
|Raising funds|||64,385|19,614|83,999|32,681|
|Trading subsidiary|||287,823||287,823|228,308|
|Charitable<br>activities||10|741,658|53,948|795,606|739,237|
|Other||15|11,427|47,775|59,202|30,748|
|Total resources expended|||1,105,293|121,337|1,226,630|1,030,974|
|Net income/(expenditure)|for the year/||||||
|Net movement<br>in funds|||(37,517)|(18,955)|(56,472)|(102,076)|
|Fund balances at 1 April 2022|||235,905|98,472|334,377|436,453|
|Fund balances at 31 March 2023|||198,388|79,517|277,905|334,377|





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|Prior financial year||||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|2022|
||||||Unaudited|
|||Notes||8|E|
|Income and endowments|from:|||||
|Donations<br>and legacies|||443,570||443,570|
|Charitable<br>activities|||244,802||244,802|
|Other trading<br>activities|||240,485||240,485|
|Investments|||41||41|
|Total income|||928,898||928,898|
|Expenditure<br>on:||||||
|Raising funds|||32,243|438|32,681|
|Trading<br>subsidiary|||228,308||228,308|
|Charitable<br>activities||10|731,454|7,783|739,237|
|Other||15|6,198|24,550|30,748|
|Total resources expended|||998,203|32,771|1,030,974|
|Net income/(expenditure)|for the yeari|||||
|Net movement<br>in funds|||(69,305)|(32,771)|(102,076)|
|Fund balances at 1 April 2021|||305,210|131,243|436,453|
|Fund balances at 31 March 2022|||235,905|98,472|334,377|





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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
||||||||Unaudited||
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||16||107,386||145,188|
|Heritage assets||||17||55,300||55,300|
|Goodwill||||18||2,580||5,160|
|||||||165,266||205,648|
|Current assets|||||||||
|Stocks||||20|7,244||6,364||
|Debtors||||21|107,628||11,700||
|Cash at bank and in||hand|||135,866||325,932||
||||||250,738||343,996||
|Creditors:|amounts|falling|due within||||||
|one year||||22|(135,935)||(188,588)||
|Net current|assets/(liabilities)|||||114,803||155,408|
|Total assets less current|||liabilities|||280,069||361,056|
|Creditors:|amounts|falling|due after||||||
|more than|one year|||23||||(26,679)|
|Provisions|for liabilities|||||(2,164)|||
|Net assets||||||277,905||334,377|
|Income funds|||||||||
|Restricted|funds|||27||79,517||98,472|
|Unrestricted|funds -|general||||198,388||235,905|
|||||||277,905||334,377|





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|||||2023||2022|
|---|---|---|---|---|---|---|
|||||||Unaudited|
||||Notes|||8|
|Fixed assets|||||||
|Tangible assets|||16||95,671|135,890|
|Heritage assets|||17||55,300|55,300|
|Investments|||19||100|100|
||||||151,071|191,290|
|Current assets|||||||
|Stocks|||20|1,100||300|
|Debtors|||21|117,252||23,778|
|Cash at bank and in||hand||119,328||300,979|
|||||237,680||325,057|
|Creditors:|amounts|falling due within|||||
|one year|||22|(112,721)||(172,754)|
|Nel current|assets/(liabilities)||||124,959|152,303|
|Total assets less current liabilities|||||276,030|343,593|
|Creditors:|amounts|falling due after|||||
|more than|one year||23|||(7,859)|
|Net assets|||||276,030|335,734|
|Income funds|||||||
|Restricted|funds||27||79,517|98,472|
|Unrestricted|funds -|general|||196,513|237,262|
||||||276,030|335,734|





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|||||2023||2022|
|---|---|---|---|---|---|---|
|||||||Unaudited|
||||Notes||||
|Cash flows from operating||activities|||||
|Cash generated<br>from operations|||30||(138,781)|(2,484)|
|Investing<br>activities|||||||
|Purchase oftangible<br>fixed|assets|||(6,475)||(30,488)|
|Interest received||||894||41|
|Net cash used<br>in investing||activities|||(5,581)|(30,447)|
|Financing<br>activities|||||||
|Repayment<br>of bank loans||||(45,704)||(70,228)|
|Net cash used<br>in financing||activities|||(45,704)|(70,228)|
|Net (decrease)/increase|in|cash and cash|||||
|equivalents|||||(190,066)|(103,159)|
|Cash and cash equivalents||at beginning|ofyear||325,932|429,091|
|Cash and cash equivalents||at end ofyear|||135,866|325,932|





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|Donations<br>and l|ega|cies|||||
|---|---|---|---|---|---|---|
||||General||||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2023|2022|
|||||||Unaudited|
|||||||E|
|Donations<br>and gifts|||13,408||13,408|13,301|
|Grants received|||261,324|8,620|269,944|430,269|
||||274,732|8,620|283,352|443,570|
|For the year ended||31 March 2022|443,570||||
|Grants receivable for core activities|||||||
|Northumberland|County Council||80,691||80691|80,692|
|Arts Council England,||North East|179,633||179,633|179,633|
|Arts Council England||Culture Recovery Fund||||100,000|
|Coronavirus<br>Job|Retention Scheme|||||64,417|
|Charitable<br>Trusts|||1,000|8,620|9,620|5,527|
||||261,324|8,620|269,944|430,269|





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||||Theatre|Cinema|Visual Arts|Classes|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||and Dance||||
||||2023|2023|2023|2023|2023|2022|
|||||||||Unaudited|
||||||||E|E|
|Sales within charitable|||||||||
|activities|||186,460|101,119|12,623|11,320|311,522|187,075|
|Theatre tax relief|||78,000||||78,000|10,000|
|Performance|related||||||||
|grants|||||69,932||69,932|45,682|
|Other income|||||8,282||8,282|2,045|
||||264,460|101,119|90,837|11,320|467,736|244,802|
|Analysis<br>by|fund||||||||
|Unrestricted|funds-||||||||
|general|||264,460|101,119|60,039|11,320|436,938|244,802|
|Restricted funds|||||30,798|-|30,798||
||||264,460|101,119|90,837|11,320|467,736|244,802|
|For the year|ended 31|March|2022||||||
|||||Theatre|Cinema|Visual Arts|Classes|Total|
|||||||and Dance|||
|||||2022|2022|2022|2022|2022|
|||||E|E|E|E|E|
|Sales within|charitable|activities||122,577|55,424|4,879|4,195|187,075|
|Theatre tax relief||||10,000||||10,000|
|Performance|related grants|||||45,682||45,682|
|Other income||||||2,045||2,045|
|||||132,577|55,424|52,606|4,195|244,802|
|Analysis<br>by fund|||||||||
|Unrestricted|funds - general|||122,577|55,424|52,606|4,195|234,802|
|Restricted funds|||||||||
|||||122,577|55,424|52,606|4,195|234,802|





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||general|general|
|||||2023|2022|
||||||Unaudited|
||||||6|
|Subsidiary|income||(note 7)|317,055|227,280|
|Bar 8, confectionery|||sales|14,174|9,161|
|Letting||||5,983|4,044|
|Other trading||activities||337,212|240,485|



## 

|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2023|2022|
||Unaudited|
||6|
|894|41|





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## 

|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||Unaudited|
||||||||6|
|Turnover||||||317,055|227,280|
|Cost ofsales||||||(81,753)|(55,895)|
|Gross profit||||||235,302|171,385|
|Other income|||||||17,495|
|Administration|expenses|||||(229,906)|(172,413)|
|Profit on ordinary||activities before taxation||||5,396|16,467|
|Deferred tax||||||2,164||
|Profit after taxation||||||3,232|16,467|
|The assets and||liabilities ofthe subsidiary|were:|||||
|Fixed assets||||||14,295|14,458|
|Current assets||||||23,058|31,347|
|Creditors due|within one year|||||(33,214)|(28,242)|
|Creditors<br>falling||due after more than one|year|||(2,164)|(18,820)|
|Net assets||||||1,975|(1 257)|
|Aggregate<br>share||capital and reserves||||1 975|1,257|
|Other income||||||||
||||Unrestricted|Restricted|Total|Restricted|Total|
||||funds|funds||funds||
||||2023|2023|2023|2022|2022|
|||||||Unaudited|Unaudited|
|||||||8|8|
|Borderlands|income|||62,964|62,964|||
|Live Barracks income|||18,000||18,000|||
||||18,000|62,964|80,964|||



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|||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||general|||general|||
|||||2023|2023|2023|2022|2022|2022|
||||||||Unaudited|Unaudited|Unaudited|
|||||||E||E|E|
||Bar &confectionery|||costs||||||
|||||7,959||7,959|5,094||5,094|
||Support and||governance|||||||
||costs|||56,426|19,614|76,040|27,149|438|27,587|
||Trading costs|||64,385|19,614|83,999|32,243|438|32,681|
|10|Charitable|activities||||||||
||Current financial year|||||||||
|||||Theatre|Cinema|Visual Arts|Classes|Total|Total|
|||||||and Dance||||
|||||2023|2023|2023|2023|2023|2022|
||||||||||Unaudited|
||||||E|E|||E|
||Staff costs|||3,000||62,259|7,622|72,881|74,292|
||Operating|costs||72,770|46,153|104,195||223,118|174,423|
|||||75,770|46,153|166,454|7,622|295,999|248,715|
||Share ofsupport costs (see|||||||||
||note 11)|||229,856|124,653|111,978|13,954|480,441|479,123|
||Share ofgovernance|||costs||||||
||(see note|11)||9,169|4,973|4,467|557|19,166|11,399|
|||||314,795|175,779|282,899|22,133|795,606|739,237|
||Analysis|by fund||||||||
||Unrestricted||funds-|||||||
||general|||303,719|169,773|246,705|21,461|741,658|731,454|
||Restricted|funds||11,076|6,006|36,194|672|53,948|7,783|
|||||314,795|175,779|282,899|22,133|795,606|739,237|





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|||||||Theatre|ClnemaVisual|ClnemaVisual|Arts|Classes|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||and||Dance|||
|||||||2022|2022||2022|2022|2022|
|||||||Unaudited|Unaudited|Unaudited||Unaudited|Unaudited|
|||||||E|E||E||E|
||Staff costs||||||||74,292||74,292|
||Operating|costs||||70,922|25,381||78,120||174,423|
|||||||70,922|25,381|152,412|||248,715|
||Share of support costs (see||||note|250, 122|113,095|107,346||8,560|479,123|
||Share ofgovernance|||costs|(see|||||||
||note 11)|||||5,950|2,691||2,554|204|11,399|
|||||||326,994|141,167|262,312||8,764|739,237|
||Analysis|by|fund|||||||||
||Unrestricted||funds -|general||322,931|139,330|260,568||8,625|731,454|
||Restricted|funds||||4,063|1,837||1,744|139|7,783|
|||||||326,994|141,167|262,312||8,764|739,237|
|11|Support costs||||Support|Governance|Total||Support|Governance|Total|
||||||costs|costs|2023||costs|costs|2022|
|||||||||Unaudited||Unaudited|Unaudited|
||||||||||E|E|E|
||Staff costs||||328,069||328,069||250,450||250,450|
||Depreciation<br>impairment||and||41,944||41,944||20,303||20,303|
||Boxoffice||||18,287||18,287||14,177||14,177|
||Premises|&|office costs||105,487||105,487||125,661||125,661|
||Marketing||||43,709||43,709||68,994||68,994|
||General expenses||||16,716||16,716||26,484||26,484|
||Accountancy|||||18,435|18,435|||12,040|12,040|
||Audit fee|||||3,000|3,000|||||
||||||554,212|21,435|575,647||506,069|12,040|518,109|





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|11|Support costs (continued)|Support costs (continued)|Support|Governance|Total|Support|Governance|Total|
|---|---|---|---|---|---|---|---|---|
||||costs|costs|2023|costs|costs|2022|
|||||||Unaudited|Unaudited|Unaudited|
|||||||E|E|E.|
||Analysed|between|||||||
||Trading||73,771|2,269|76,040|26,946|641|27,587|
||Charitable|activities|480,441|19,166|499,607|479,123|11,399|490,522|
||||554,212|21,435|575,647|506,069|12,040|518,109|



## 

|The analysi|s<br>ofauditor's|<br>remuneration<br>is|as follo|ws:|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Audit ofthe|charity's<br>annual accounts||||3,000||
|Non-audit|services||||||
|Independent|examination<br>ofthe charity's||annual|accounts||2,400|
|Preparation|ofcharity's|annual<br>accounts|||2,500|1,200|
|Preparation|ofTheatre|Tax Relief claim|||1,000||



## 



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|The average|monthly<br>number<br>ofemployees<br>during th|e year was:||
|---|---|---|---|
|||2023|2022|
||||Unaudited|
|||Number|Number|
|Full time||9|9|
|Part time||22|10|
|||31|19|
|Employment|costs|2023|2022|
||||Unaudited|
||||6|
|Wages and salaries||551,583|303,499|
|Social security costs||22,120|16,602|
|Other pension costs||8,699|4,641|
|||582,402|324,742|



## 

|Other||||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||general|||general|||
|||2023|2023|2023|2022|2022|2022|
||||||Unaudited|Unaudited|Unaudited|
|||||6|6|8|6|
|Financing costs||6,427||6,427|6,198||6,198|
|Borderlands|expenditure||47,775|47,775||24,550|24,550|
|Live Barracks||||||||
|expenditure||5,000||5,000||||
|||11,427|47,775|59,202|6,198|24,550|30,748|





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|16|Tangible fixed assets|Tangible fixed assets|- Group||||||
|---|---|---|---|---|---|---|---|---|
|||||General|Office|Computer|Studio|Total|
|||||equipment|equipment<br>8|equipmentrefurbishment|||
||||||furnishings||||
||||||6||||
||Cost||||||||
||At 1 April 2022|||180,556|25,955|50,670|333,407|590,588|
||Additions|||1,200|4,750|525||6,475|
||At 31 March|2023||181,756|30,705|51,195|333,407|597,063|
||Depreciation||||||||
||At 1 April 2022|||137,160|10,145|36,910|261,185|445,400|
||Depreciation|charged|in the year|5,077|3,275|4,839|31,086|44,277|
||At 31 March|2023||142,237|13,420|41,749|292,271|489,677|
||Carrying<br>amount||||||||
||At 31 March|2023||39,519|17,285|9,446|41,136|107,386|
||At 31 March|2022||43,396|15,810|13,760|72,222|145,188|
|16|Tangible fixed assets - Charity||||||||
|||||General|Office|Computer|Studio|Total|
|||||equipment|equipment<br>&|equipment|refurbishment||
||||||furnishings||||
||||||6||6|6|
||Cost||||||||
||At 1 April 2022|||180,556|13,058|49,807|333,407|576,828|
||Additions|||1,200||525||1,725|
||At 31 March|2023||181,756|13,058|50,332|333,407|578,553|
||Depreciation||||||||
||At 1 April 2022|||137,160|6,101|36,492|261,185|440,938|
||Depreciation|charged|in the year|5,077|1,037|4,744|31,086|41,944|
||At 31 March|2023||142,237|7,138|41,236|292,271|482,882|
||Carrying<br>amount||||||||
||At 31 March|2022||39,519|5,920|9,096|41,136|95,671|
||At 31 March|2023||43,396|6,957|13,315|72,222|135,890|





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|17|Heritage assets —Group and Charity|Heritage assets —Group and Charity||
|---|---|---|---|
||At 1 April 2022 and at 31 March 2023||55,300|
|18|Intangible<br>Fixed assets - Group|||
||||Goodwill|
||||8|
||Cost or valuation|||
||At 1 April 2022 &31 March 2023||12,900|
||Amortisation|||
||At 1 April 2022||7,740|
||Amortisation<br>charged|in the year|2,580|
||At 31 March 2023||10,320|
||Carrying<br>amount|||
||At 31 March 2023||2,580|
||At 31 March 2022||5,160|





## 

## 

## 

|Fixed as|set|inves|tments<br>-|Charity|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Other|
||||||||investments||
|||||||||E|
|Cost or|valuation||||||||
|At 1 April|2022 &31 March 2023|||||||100|
|Carrying|amount||||||||
|At 31 March||2023||||||100|
|At 31 March||2022||||||100|
||||||||2023|2022|
|Other investments|||comprise;||||E|E|
|Investments||in subsidiaries|||||100|100|
|Stocks|||||||||
||||||Group||Charity||
||||||2023|2022|2023|2022|
|||||||Unaudited||Unaudited|
||||||E|F|E|E|
|Shop stock|||||7,244|6,364|1,100|300|
|Debtors|||||||||
||||||Group||Charity||
||||||2023|2022|2023|2022|
|||||||Unaudited||Unaudited|
|Amounts|falling due within|||one|E|E|E|E|
|Trade debtors|||||10,713|1,079|10,337|749|
|Amounts|owed by||subsidiary|undertakings|||10,000|4,378|
|Other debtors|||||92,995|10,621|92,995|18,651|
|Prepayments||and|accrued income||3,920||3,920||
||||||107,628|11,700|117,252|23,778|



## 

## 



## 

## 

## 

|Creditors|: amounts|falling due within o|ne year|||||
|---|---|---|---|---|---|---|---|
|||||Group||Charity||
|||||2023|2022|2023|2022|
||||||Unaudited||Unaudited|
||||Notes|6|8|6||
|Bank and|other loans||24|7,859|26,884|7,859|20,204|
|Other taxation and social security||||12,984||||
|Deferred|income|||81,097|130,751|81,097|130,751|
|Trade creditors||||17,848|19,127|9,068|11,973|
|Accruals||||16,147|11,826|14,697|9,826|
|||||135,935|188,588|112,721|172,754|
|Creditors:|amounts|falling due||||||
|||||Group||Charity||
|||||2023|2022|2023|2022|
||||||Unaudited||Unaudited|
||||Notes|6|6|6|6|
|Bank and|other loans||24||26,679||7,859|
|Loans and overdrafts||||||||
|||||Group||Charity||
|||||2023|2022|2023|2022|
||||||Unaudited||Unaudited|
|||||6|8|6|6|
|Bank and other loans||||7,859|53,563|7,859|28,063|
|Payable|within one year|||7,859|26,884|7,859|20,204|
|Payable|after one year||||26,679||7,859|



## 

## 



## 

## 

## 

## 

|Deferred|income||||||||
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
||||||2023|2022|2023|2022|
|||||||Unaudited||Unaudited|
||||||E|E|E|E|
|Other deferred<br>income|||||81,097|130,751|81,097|130,751|
|Deferred|income is|included||in the financial statements|as follows:||||
|Deferred|income is|included||within:|||||
|Current|liabilities||||81,097|130,751|81,097|130,751|
|Movements<br>in the year:|||||||||
|Deferred|income at|1 April||2022|130,751|99,811|130,751|99,811|
|Released from previous|||periods||(130,751)|(99,811)|(130,751)|(99,811)|
|Resources deferred||in the||year|81,097|130,751|81,097|130,751|
|Deferred|income at|31|March 2023||81,097|130,751|81,097|130,751|





## 

## 

## 

|Current financial year|Current financial year||||||
|---|---|---|---|---|---|---|
||||Movement<br>in funds||||
|||Balance at 1|Incoming|Resources|Transfers|Balance at 31|
|||April 2022|resources|expended||March 2023|
|||6|6|6|6|6|
|Unrestricted<br>funds|||||||
|General funds||235,905|1,067,776|(1,105,293)||198,388|
|Restricted<br>funds|||||||
|Artistic development||71,642||(22,291)||49,351|
|Visual Arts Study||720||||720|
|Awards For All - Projection|||||||
|Equipment||6,051||(3,601)||2,450|
|Community<br>Foundation/Business|||||||
|Enterprise<br>- Web||373|8,620|||8,993|
|Third Age Project||1,290||||1,290|
|Heather<br>Sutherland|Exhibition||24,778|(24,778)|||
|Margaret<br>Dickinson|Exhibition||6,020|(6,020)|||
|Borderlands||13,396|62,964|(64,647)||11,713|
|NCC Branding||5,000||||5,000|
|Total restricted funds||98,472|102,382|(121,337)||79,517|
|Total funds||334,377|1,170,158|(1,226,630)||277,905|





## 

## 

## 

## 

|Year ended 31 March 2022||||||
|---|---|---|---|---|---|
|||Movement<br>in funds||||
||Balance at 1|Incoming|Resources|Transfers|Balance at 31|
||April 2021|resources|expended||March 2022|
||Unaudited|Unaudited|Unaudited|Unaudited|Unaudited|
|Unrestricted<br>funds||||||
|General funds|305,210|928,898|(998,203)||235,905|
|Restricted<br>funds||||||
|Artistic development|79,258||(7,616)||71,642|
|Visual Arts Study|720||||720|
|Awards<br>For All - Projection||||||
|Equipment|6,656||(605)||6,051|
|Community<br>Foundation/Business||||||
|Enterprise - Web|373||||373|
|Third Age Project|1,290||||1,290|
|Glasgow Boys||||||
|Borderlands|37,946||(24,550)||13,396|
|NCC Branding|5,000||||5,000|
|Total restricted funds|131,243||(32,771)||98,472|
|Total funds|436,453|928,898|(1,030,974)||334,377|





## 

## 

## 

|Analysis of net assets between funds|Analysis of net assets between funds|||||
|---|---|---|---|---|---|
|Current financial year||||||
||||Unrestricted|Restricted|Total|
||||E|E||
|Group||||||
|Fund balances at 31 March 2023 are represented||by:||||
|Tangible assets|||55,585|51,801|107,386|
|Heritage assets|||55,300||55,300|
|Goodwill|||2,580||2,580|
|Current assets/(liabilities)|||87,087|27,716|114,803|
|Long term liabilities|||(2,164)||(2,164)|
||||198,388|79,517|277,905|
|Charity||||||
|Fund balances at 31 March 2023 are represented||by:||||
|Tangible assets|||43,870|51,801|95,671|
|Heritage assets|||55,300||55,300|
|Investments|||100||100|
|Current assets/(liabilities)|||97,243|27,716|124,959|
||||196,513|79,517|276,030|
|For the year ended 31 March 2022||||||
||||Unrestricted|Restricted|Total|
||||Unaudited|Unaudited|Unaudited|
||||E|E||
|Group||||||
|Fund balances|at 31 March 2022 are represented|by:||||
|Tangible assets|||67,495|77,693|145,188|
|Heritage assets|||55,300||55,300|
|Goodwill|||5,160||5,160|
|Current assets/(liabilities)|||134,629|20,779|155,408|
|Long term liabilities|||(26,679)||(26,679)|
||||235,905|98,472|334,377|
|Charity||||||
|Fund balances|at 31 March 2022 are represented|by:||||
|Tangible assets|||58,197|77,693|135,890|
|Heritage assets|||55,300||55,300|
|Investments|||100||100|
|Current assets/(liabilities)|||131,524|20,779|152,303|
|Long term liabilities|||(7,859)||(7,859)|
||||237,262|98,472|335,734|





## 

## 

## 

## 

## 

||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unaudited|
||||||||||E|E|
||Aggregate<br>compensation||||||||56,708|47,531|
|30|Cash generated<br>from||operations||||||2023|2022|
|||||||||||Unaudited|
||||||||||E|E|
||Deficit for the year||||||||(56,472)|(102,076)|
||Adjustments|for,|||||||||
||Investment|income recognised|||in statement||offinancial|activities|(894)|(41)|
||Depreciation|and impairment||oftangible||fixed assets|||44,277|21,705|
||Amortisation|of Goodwill|||||||2,580|2,580|
||Movements|in working|capital:||||||||
||(Increase)/decrease<br>in||stocks||||||(880)|21,570|
||Decrease in|debtors|||||||(83,520)|(6,712)|
||increase<br>in|creditors|||||||3,618|29,550|
||Increase<br>in|provisions|||||||2,164||
||(Decrease)/increase<br>in||deferred||income||||(49,654)|30,940|
||Cash generated<br>from||operations||||||(138,781)|(2,484)|