CATALYST ARTS LTD Statement ol fi inancial Activitics FOR THE YCI AR EI NDED 3 1ST MARCH 2023 2023 Total fund5 2022 I'ibtal funds Unrestrieted lund Restricted fund Notes INCOMF AND INDOWMENTS FROM Charitable a¢tivitie5 Progt'aiM]ning 63,003 63,003 40,248 Other ti'ading activities Inveslineiit inroine 4,124 12 4,124 12 7,926 Total 4,136 63,003 67,139 48,177 EXPENDITURE ON Cliaritable activities Progi'ainiiiing 3,953 58.082 62,035 59,658 NEIT INCOMEIl(EXPENDITURE) 183 4,921 5,104 (11,481) RCI CONCILIATION OF FUNDS Tolal fiiiids bi'oughi for'ward 30,506 30,506 41,987 TOTAL FUNDS CARRIED FORWARD 30,689 4,921 35,610 30,506 The notes fonn part of these financial stateinents
CATALYST ARTS LTD Balance Sl)eet 31ST MARCH 2023 2023 2022 Notes FIXED ASSETS Tangible assets 457 1,051 CURRFNT ASSETS Debtoi's Ca51) at bank and iii hand 12,685 23,818 8.715 22,090 36,503 30,805 CREDITORS Ainouiit5 falling due witliin one year (1,350) (l.350) NIT CURRENT ASSETS 35,153 29,455 TOTAL ASSETS LESS CURRENT LIABILITIF,S 3.5,610 30,506 NCT ASSITS 35,610 30,506 FUNDS Uiireslri¢ted ftinds Resli'icted fund5 30,689 4,921 30,506 TOTAL FUNDS 35,610 30,506 Tlie charitable coinpaiiy is entitled to exeinption froin audit under Section 477 of the Coinpanies Act 2006 foi. tlie year elided J I st Mai'cli 2023. The Ineinbei's have Iiol required ihe coinpany io obtain an audit of its finaiicial stateinents foi. the yeai. ended 31 st March 2023 in accordance with Sectioi) 476 of the Coiiipanies Act 2006. The trustees acknowledge tlieir re5ponsibililies for (a) eiisLlI'ing that the charitable coinpany keeps accounting records that coinply with Sections 386 and 387 of tlie Coinpanie5 Act 2006 and preparing financial st&teinents which give a triie and fair view of the state of affairs of the charitable coinpany as at th¢ end of each financial year and of it5 surpliis or deficit for each financial yeai. in accordance with the reqiiireinents of Sections 394 aiid 395 and which otherwise coiiiply wilh the requireiiients of the Coinpanies Act 2006 I'elating to financial stateinenls, so far as applicable to the charitable company. (b) These financial statejnents have been prepai'ed in accordance with tlie provisions applicable to chai'ilable collip)leS subject to the sinall coinpanies regiine. Tlie financial statements were approved by the Board of Tntee$ and authorised for issue on 14th Deceinber 2023 and were signed on its behalf by., Rachael Melvin - TrLlStee The notes form part of these financial statements
CAT ALYST ARTS LTD Notes to the Financial Statements roR THE YEAR FNDED 31ST MARCH 2023 ACCOUP4TING POLICIES Basi5 of prep&ring the financial slatements The financial slalements of the charitable company, which is a publtc benefit entity under FRS 102, have been prepai'ed in accordaiice with tlie Charities SORP (FRS 102) 'AccountinE and Reporting by Charilies.. Slateinent of Recominended Practice applicable to charities preparing theii. accounts in accordance with the Financial Reporting Standard applicable in the UK aiid Republic of Ireland (FRS 102) (effective l Jaiiuary 2019),. Financial Reporting Standard 102 'The Financial Repoi'ling Siaiidard applicable in the UK and Republic of lirland, and the Coinpanies Aci 2006. The financial slateinents have been prepared undei. the historical cost conveiition. Income All incoine is recognised in the Statement of Financial Activities once the cl)arity has ei)titleiiient to the funds, it is pt'obable thal tlie incoine will be received and the ainount Can be Incaslired reliably. I xpenditure Liabilities are recognised as expenditure as sooii a5 1her¢ is a legal or constructive ob5igation coininitting the charity to that expenditure, it is pi-obable tlial a transfer of econoinic benefits will be I'equii'ed in settleinent and the ainouiit of the obligation can be Ineasured reliably. Expendilure is accoiinted for oil an accruals basis and has been classified linder lieading5 thal aggregate all cost related lo the categyoi'y. Whei'e costs cannot bc directly atti'ibuled to particiilai. headings they have been allocaled to aclivilies on a basis coiisistent wilh th¢ iLSe of resoui'ces. Tangible fixed assets Depreciation is provided al the following annual rates in order to write off each asset over its estiimated useful life. Equipiiient 200/0 on cost Taxntion T'he cliai'ity is ¢xeinpt from corpoi'ation tax on its charitable activities. Fund accouiitijig Unrests'icted funds can be used in accordance with the cliai'ilable objectives at the discietion of tlie ti'ustees. Restricted fiinds can only be used for particular reslricted purposes within the objecls of the charity. Resti'ictions arise when specified by the donor or when funds are raised for particular restricted purposes. Fuither explanation of the nature and purpose of each fund is included in the notes to the fmaii¢io15tateinents, OTHfi R TRADING ACTIVITIES 2023 2022 Meinbei'ship Eamed Income Other income 2.525 1,477 122 3,910 887 3,129 4,124 7,926 continued...
CATALYST ARTS LTD Trlotes to the Fiiianeial Statements- continued riOR THE YEAR ENDED 31ST MARCH 2023 INVESTMENT INCOME 2023 2022 Interest receivable 12 NET INCOMEI(EXPENDII'URE) Net incon)el(expenditure) is stated after chargingJ(cr¢diting): 2023 2022 Accoiiiitancy fees D¢pi'eciation - owned assets 1.475 801 1,667 887 TRUSTE4 ES, RIMUNERATION AND BENEFITS There were no ti'ustees, rcinuneration or other benefi15 for the year ended 31 st March 2023 nor for the year ended 3 1st Mai'ch 2022. Trustees, expenses trustees, expenses paid for the year ended 31sl March 2023 1101. for ihe yeai. ended Thei'e weir no 3 1st Mai'ch 2022. COMPARATIVES FOR THE STATCMFNT OF FINANCIAL ACTIVITIES Unrestricted fund Re5trict¢d fund Total (unds INCOME AND F.NDOWMENTS FROM Chai'itable activitie5 Pi'ograinming 40.248 40,248 Other trading activilies Investineill incoine 7,926 7,926 Total 7.929 40,248 48,177 IXPENDITURE ON Charitable activities Programming 19,410 40,248 59,658 IYET INCOMEI(EXPENDITURE) (11,481) (11.481) RECONCILIATION OV FUNDS Tolal funds brought forward 4l,987 41,987 TOTAL FUNDS CARRIED FORWARD 30,506 30,506 io continiied.
CATAL YST ARTS LTD Notes to the Financial Statements - continucd FOR THE AR ENDED 31ST MARCH 2023 TANGIBLE FIXED ASSF,TS Equipment COST Al I st April 2022 Additions 56,178 207 At 31 st Mai'cli 2023 56,385 DEPRECIATION At 1st April 2022 Chaige foi. year 55,127 801 At 3 1st Mar¢li 2023 55,928 r4FT BOOK VALUE At 3 1st Mai'ch 2023 457 At 3 1st Mai'ch 2022 1,051 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other dcbtors Prepayinciils and accrued income 4,271 8,414 1,893 6,822 12,685 8,715 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accrlials and deferred income 1,350 .350 io. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Total funds 2022 Total rund¥ Ullrestricted (und Restricted ruiid Fixed assets Cui'i'enl assets Current liabilities 457 30,232 457 36,503 (1,350) 1,051 30,805 (1,350) 6,271 (1,350) 30,689 4,921 35,610 30.506 continued...
CATALYST ARTS LTD Notes to the Financial Statemellts - continued FOII THI YEAR ENDED 31ST MARCH 2023 MOVEMII NT IN FUNDS Net movement in funds At 3113123 At 114122 Uni'esti'icted funds General fund 30,506 183 30,689 Resti'icted funds Col'e 4,921 4,921 TOT AL FUNDS 30,506 5,104 35,610 Net iiioveinent in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unresti'i¢t¢d fujids Gen¢i'al fiiThd 4,136 (3,953) 183 Restricted funds Core 63,003 (58,082) 4,921 TOTAL FUNDS 67,139 (62,035) 5,104 Comparatives for movement in (und5 Net movement in funds At 3113122 At 114r21 Unrestricted funds General fund 41,987 (11,481) 30,506 TOTAL FUNDS 41,987 (11.481) 30,506 12 continued...
CATALYST ARTS LTD Notes to tl)e Financial Statements - continiled FOR THE YF.AR ENDED 31ST MARCH 2023 MOVEMEI NT IN FUNDS- coiitinued Coiiipai'ative net movement in funds, included in the above are as follows: Ineoming resources Resources expended Movement in funds Unrestricted funds Gen¢i'al ftind 7,929 (19.410) (11,481) Reslricled fund5 Cole 40,248 (40,248) TOTAL FUNDS 48,177 (59.65 8) (11,481) A cui'i'ent year 12 months aiid prior year 12 inonihs coinbined posilion is as follows: Net rnovemtnt Sn fuIids At 3113123 At 114121 Uii I'esti'icted funds Genei'al fund 41,987 (11,298) 30,689 Resti'icted funds Core 4,921 4,921 TOTAL FUNDS 41.987 (6,377) 35,610 A ciiii'ent year 12 Inonths and prior year 12 Inonths combined net Inov¢inei)t in funds. included in the above al'e as follows.. Incoming resourees Resources expcnded Movement in funds Un I'estricted funds Genei'al fund 12,065 (23.363) (11,298) Restrieted funds Col-e 103,251 (98,330) 4,921 TOTAL FUNDS 115.316 (121,693) (6,377) 13 continued...
CATALYST ARTS LTD Notes to the Financial Statements- continued FOlI'fHI YEI AR ENDED 31ST MARCH 2023 12. REI LATED PARTY DISCLOSURES There were no related paity transactioJ]s for the year ended 31 st March 2023. 14