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2023-03-31-annual-report

Registered number NI024162

Seacourt Print Workshop Ltd

Report and Unaudited Accounts for the year ended 31 March 2023

Seacourt Print Workshop Ltd Report and accounts Contents

Page
Company information 1
Directors' report 2
Independent Examiner's Report 8
Statement of financial activities 9
Balance sheet 10
Statement of changes in equity 11
Notes to the accounts 12

Seacourt Print Workshop Ltd Company Information

Elected directors

Dr Ken Sterrett - Chair Louise De'Ath - Honorary Treasurer Marianne Kennerley - Company Secretary Ryan Young - Vice Chair Margaret Arthur Miriam Stevenson John Morris (appointed November 2022) Christine Morrow (appointed November 2022) Elizabeth Donaldson (resigned November 2022) Joanne Fitzpatrick (resigned November 2022) Sharyn McMaster (resigned April 2022)

Staff team

Emma Drury - Director Rachel Alexander - Arts Administration and Marketing Officer Jessica Hollywood - Technician Penny Brewill - Technician Lucas Elliot - Operations Coordinator

Accountants

Roger Morrison B.A. (Hons) F.C.A. Chartered Accountant & Registered Auditor 95 Cregagh Road Belfast BT6 8PY

Solicitors

CMG Cunningham & Dickey 3 Market Street Bangor BT20 4SP

Bankers

AIB NI 95 Ann Street Belfast BT1 3HH

Registered office and buisness addresss

75 Main Street Bangor Co. Down BT20 5AF

Registered number Charity registration number NI024162 XR17722

The Charity Commission for Northern Ireland number NIC105781

1

Seacourt Print Workshop Ltd Registered number: NI024162 Directors' Report

Seacourt's Print Workshop's (Seacourt) Board of Directors presents its report and financial statements for the year ended 31

The financial statements have been prepared based on the accounting policies set out in note 1 to the financial statements and comply with the Seacourt's Constitution, applicable law and the requirements of the Statement of Recommended Accounting Practice (SORP), "Accounting and Reporting by Charities".

PURPOSE:

Seacourt’s Articles of Association lay out our key objects which are focused on the advancement of the education of the public through the promotion of the visual arts of printing and graphic arts and especially the art of print making, within Northern Ireland and elsewhere (the area of benefit), and to:

STRATEGIC PLAN 2020 - 2025

In setting Seacourt Print Workshop’s strategy and objectives and planning our annual programmes the Board of Directors has considered the Charity Commission for Northern Ireland’s guidance on public benefit. This helps to ensure our activities and plans have helped us achieve our purposes and provide a benefit to beneficiaries.

OUR VISION:

Advance printmaking, champion regeneration, build engaged communities and improve health and well-being.

OUR MISSION:

Create space for creativity, share the creative process and be actively engaged in the regeneration of Bangor.

STRATEGIC OBJECTIVES:

1. Providing Space

2. Sharing the creative process

3. Reconnecting to Bangor:

4. Strengthen our organisation

5. Achieve financial sustainability

2

Seacourt Print Workshop Ltd Registered number: NI024162 Directors' Report

OUR ACHIEVEMENTS IN 2022 - 2023:

As Seacourt settled into our premises we began a process of improving the building so it could be fully utilised and reintroducing programmes that were paused while we relocated.

In selecting the former bank building Seacourt committed to preventing a local landmark from falling into further disrepair and to making it accessible to the community. The location, right at the heart of the city centre, offers greater visibility for Seacourt and enables us to play a role in the creative regeneration of Bangor.

Whilst our new location opened opportunities, like many arts organisations, Seacourt had to navigate the aftermath of Covid 19 and an emerging cost of living crisis in Autumn 2022. The climate remained uncertain, the public had yet to return to prepandemic behaviours and the impact of the cost-of-living crisis meant that earned income was suppressed and outgoings soared. Seacourt was very grateful to receive an uplift to our annual support from the Arts Council of Northern Ireland to help with increases in power, heat, and other increased costs.

Planning for Purchase:

The Director and Board worked with McGarry Consulting to prepare a business case to support our fundraising for the purchase of the premises. The primary target for funding was the Community Ownership Fund (COF) through the government’s Levelling Up agenda, trusts and foundations and an element of social lending to fund the purchase. This process completed in June 2022, and the resulting document articulates benefits that Seacourt could deliver to the city centre and the potential for financial sustainability going forward.

In August 2023 we began a crowdfunding campaign “Banking on Seacourt” with the aim of securing community support for our plans as we prepared an application that was submitted to the Community Ownership Fund in August 2022. £17,000 was raised through crowdfunding and donations with more than 150 people pledging support towards buying the bank. Esme Mitchell Trust committed £10,000 towards the project. Seacourt did not secure COF funding with our first application to the scheme, but we received positive feedback, and this paved the way for a reapplication in April 2023.

Arts and Business Blueprint Programme – making studio spaces available:

Our director won a place for Seacourt on Blueprint, a programme supporting the development of arts organisations who want to work towards greater financial sustainability. The first 6 months of the programme involved a learning programme and mentoring from a range of professionals and a pitch for support to secure one of 17 places on phase 2 of the programme which came with 4 years funding.

Seacourt used the £29,950 funding to invest in readying our 9 studio spaces for our new Studio members and to offset some of the costs of our licence fee.

HIGHLIGHTS OF 2022/2023 AT SEACOURT PRINT WORKSHOP:

Seacourt’s staff team rose to the challenges of improving our building, reintroducing programmes, and welcoming the people of Bangor to our workshop to share the magic of printmaking. There were many highlights during this period some of which are listed below.

• ‘Create Connect’ – our popular print for wellbeing project funded by CLEAR/Making Lives Better resumed in November 2022 with 3 print sessions a week and more than 40 participants with mental health or chronic illness learning printmaking skills. This culminated in a showcase of the prints made, 6 people returned for a preparation for membership follow-up course and 3 took up ongoing membership of Seacourt.

• New Open Days - We launched a series of drop-in print activities aimed at people of all ages - “Banking on Seacourt” day, Seaside Revival, Letters to Santa and Our Place in Space. More 1200 people dropped in a printed a postcard or tote bag.

• Education - Our print workshops for GCSE and A level students continued mostly on an ‘in school’ basis. Our printmakers travelled to towns and cities across Northern Ireland including Belfast, Enniskillen, Antrim, Ballymena and Glastry. We provided a professional practice placement for students on the second year of BA Hons Fine Art at the University of Ulster. Students worked with our team to learn how to mount an exhibition, prepare literature for the public and promote the event.

• “Art Work” - Seacourt secured funding for a new 3-year post through this initiative that introduced 75 entry level posts to the arts sector post covid. We recruited at Operations Coordinator, a support role with a focus on maintaining and improving the space for members and participants.

• Array Turner Prize - ‘The Druthaib's Ball’, the 2021 Turner Prize-winning installation by the Belfast-based artists collectively known as Array Collective opened at the Ulster Museum in 2023. Seacourt member, Penny Brewill and Director, Emma Drury, were thrilled to have a special mention in the exhibition for assisting Sinéad Bhreathnach-Cashell who created a series of copper etchings that were displayed as part of the installation.

3

Seacourt Print Workshop Ltd Registered number: NI024162 Directors' Report

• Victor Stationery group, a local company donated a small Colombian press to the workshop. The press was formerly used to print exercise book covers and due to the company relocation Seacourt were approached to take possession. Following cleaning and repairs the machine is now in use and creates a focal point for passers-by who can see the machine through our window.

GOVERNANCE AND MANAGEMENT:

Seacourt Print Workshop is a Company Limited by Guarantee in accordance with the Companies Act 2006, governed by its Memorandum and Articles of Association dated 28 March 2011.

The company was accepted as a charity by the Northern Ireland Charity Commission for Northern Ireland on 13th March 2017. The charity is governed by a Board of Directors which meets not less than six times per year. Whilst strategic decisions are taken by the Board of Directors, responsibility for the day-to-day operation of the workshop is delegated to the Director.

THE BOARD OF DIRECTORS:

Directors are appointed at Annual General Meetings. Directors may be invited onto the Board from outside the membership to bring additional skills to the Board. Once appointed the Directors complete ‘Declarations of Eligibility & Responsibility’ and ‘Conflicts of Interests’ documents. Co-opted Board advisors may also assist the Board in the discharge of its function.

A Director can serve on the Board for no more than two consecutive three-year periods. Office bearers can hold Office for two terms of three consecutive years. No Director receives remuneration or other benefit from their work as a Director with Seacourt.

Any connection between a Director, a member of staff, a facilitator or exhibitor is disclosed to the full Board of Directors in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

INDUCTION & TRAINING OF BOARD MEMBERS:

New directors undergo an orientation to brief them on their legal obligations under charity and company law. This includes Charity Commission guidance on public benefit, the content of Seacourt’s Memorandum and Articles of Association, committee roles and decision-making processes, Seacourt’s Strategic Plan, and recent financial performance.

Directors are encouraged to attend appropriate external training events, for example with NICVA or Arts & Business NI, who will facilitate the effective undertaking of their role.

BOARD POLICY AND PROCEDURES:

The following policies, procedures and plans were reviewed and or updated during the 2022-2023 reporting period: Working Safely at Seacourt Policy, Health and Safety Policy, Fire Risk Assessment and Management Plan, and Safeguarding Policy.

SAFEGUARDING:

There were no Safeguarding concerns raised with the Designated or Deputy Designated Safeguarding Officers during the reporting period.

4

Seacourt Print Workshop Ltd Registered number: NI024162 Directors' Report

RISK MANAGEMENT:

The Board of Directors has a risk register that ensures Seacourt is engaged in the process of identifying risk; of ensuring that due consideration is given to the types of risks faced; and that there is a clearly understood framework for identifying, managing, and reporting on risk. The register is reviewed and updated at board meetings.

The key risks identified are key person risk, and income loss. Mitigations are detailed in the register and include a business continuity plan and an income strategy to diversify sources of income.

Attention has also been focused on non-financial risks arising from fire, health & safety, and safeguarding issues.

MEMBERSHIP:

There are 3 classes of membership of Seacourt as set out in the Articles of Association:

1) Individual Members

Subject to article (11), any person aged 18 years or over who subscribes to the objects of the organization may subscribe and become a member of the organisation. The Board of Directors will set fees and subscriptions in accordance with article 95, including the levying of subscription fees to any member who uses Seacourt’s facilities.

2) Associate Members

Any well-wisher or person who, in the opinion of the Board of Directors, has special knowledge or experience to offer Seacourt may be invited, or may apply, to become an Associate member.

An Associate Member has the right to attend and speak at General Meetings of the Company but is not entitled to vote.

3) Honorary Members

Honorary members shall be such persons who, in the opinion of the Board of Directors, have made outstanding contributions to the Company and have been accorded the status of Honorary Members at an Annual General Meeting upon the recommendation of the Board of Directors. In the reporting period there were 3 honorary members, Seacourt’s co-founder Margaret Arthur, Catherine Thompson, and Ann Anderson.

As a result of the relocation to the city centre, in 2022 we introduced 2 new classes of membership to increase the number of people who can access our services and make use of the space the building offers.

4) Student Members

Any person aged over 18 who has completed a third level qualification in printmaking can apply to become a student member at a preferential rate for the first year following graduation.

5) Studio Members

Any person aged over 18 working in the arts or creative industries who requires space to practice can apply for studio membership which comes with a space and an associate membership of Seacourt.

In the reporting period there were 65 members.

HOW WE DELIVER PUBLIC BENEFIT:

5

Seacourt Print Workshop Ltd Registered number: NI024162 Directors' Report

HOW WE DEMONSTRATE PUBLIC BENEFIT:

The public benefit that flows from our purposes include:

 Artists, designer makers and the wider public having the opportunity to develop their printmaking knowledge, understanding and skills through universal access to the widest range of specialist print making equipment in Ireland;

 Artists being able to develop their artistic practice in techniques that require specialist equipment and require a practice of experimentation and exploration;

 Creatives having access to studio space for the practice of their art form;

 People engaging in active learning which enables them to express themselves creatively through traditional and innovative printmaking processes and techniques;

 Helping our audiences develop greater appreciation, understanding and knowledge of the visual arts (including adults, children, young people, and disadvantaged groups) through active creative engagement and exposure to high quality examples of printmaking;

 Increasing personal confidence and self-efficacy through participation in printmaking activities that allow individuals to learn new skills, build friendships and networks and create space for people to recover and then flourish;

 Better communication and interpersonal skills as a direct result of being creative, increasing confidence and enjoying increased social interaction and having a place in our printmaking family;

 Pupils, students, and young people increasing their knowledge and skills through our professional development programmes including work experience, internship and graduate support which contribute to improved educational outcomes, greater career choice and employability;

 Adapting printmaking processes so that people who have specific disabilities or health support needs can be supported and to be creative and express themselves creatively.

MITIGATING RISKS AND HARMS:

We believe the benefits we provide significantly outweigh any harm which may be caused by using or participating in our workshops.

We minimise potential risks through the consistent application of clear, effective policies and procedures including health and safety, managing fire risk, safeguarding and code of behaviour.

WHO USED AND BENEFITTED FROM SEACOURT’S SERVICES:

Seacourt's beneficiaries include artists and printmakers, the public, carers, children aged 3-13, young people aged 14-25, course participants of all ages, people from ethnic minorities, our members, project participants, people with learning disabilities, people with mental health, older people, people with physical disabilities and corporate users.

PRIVATE BENEFIT:

We believe that any private benefit is incidental to the main work of our charity. Members or guests who facilitate all or parts of our education programmes and workshops can benefit by being paid standard facilitation fees. Members in general may benefit from the incidental sale of their work through exhibitions.

SOURCES OF FUNDING:

We are very grateful that our principal funder, the Arts Council of Northern Ireland (ACNI), continued to support Seacourt as an annually funded client with an award of £60,266 to cover salaries and a proportion of our overheads. We also received an in-year uplift bringing the total to £75,032 with the extra funding helping to mitigate the significant increases in power and other costs. Ards and North Down Borough Council provided Multi Annual Funding at £4500 per annum again towards overhead and running costs.

In addition to core funding, we secured several grants towards staffing, project, and the purchase of our building:

6

Seacourt Print Workshop Ltd Registered number: NI024162 Directors' Report

RESERVES POLICY:

Charity reserves are needed to bridge the gap between spending and receiving resources and to cover unplanned emergency repairs and other expenditure. The Board of Directors consider that reserves need to be maintained at a level which would ensure that 3 months of SPW’s core activity could continue during a period of unforeseen difficulty and over time to achieve 6 months of costs.

The reserve position on 1st April 2022 was £25,556.23 and on 31 March 2023 was £19,000.

The Board remains acutely aware that limited free reserves, together with the present economic backdrop continue to provide a very challenging environment in the years to come. However, the board believes that a consistent approach to fundraising, strategic income generation and a relocation to a more appropriate premises can help deliver the future financial sustainability to meet these challenges. Once the purchase of the building is complete a priority is to increase reserves to the desired £45,000.

FINANCIAL SUSTAINABILITY:

The key priority for 2022-2023 beyond was ensuring that Seacourt was able to weather the global pandemic and the cost-of-living crisis , but still have the financial capability to deliver its commitment to provide increasing access to printmaking resources and to retain the key staff essential to designing and implementing planned activities.

Owning the building we operate from is the cornerstone of Seacourt’s strategy so that we will have greater control over our accommodation and have an appreciating asset that can be considered as part of our growth and development.

FINANCIAL REPORTING:

The Board of Directors is responsible for preparing Seacourt’s Annual Report and Financial Statement in accordance with applicable law and United Kingdom Accounting Standards. Company law and the law applying to charities require the Board to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company for that period and of the incoming resources and application of resources, including the income and expenditure of the charitable group for that period. In preparing the financial statements the Board is required to:

The Board is responsible for ensuring arrangements are in place for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable it to comply with the requirements of the Companies Act, the Charities Act and any other relevant legislation.

The Board is also responsible for ensuring that arrangements are in place to safeguard the assets of the charity and of taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Director in conjunction with the Board has introduced mechanisms that ensure a culture of ongoing improvement, and this will underpin future planning.

This report was approved by the Board on 29 November 2023 and signed on its behalf.

30/11/2023

signed on 30/11/2023, 17:16:48 GMT Dr Ken Sterrett Chairman

7

Seacourt Print Workshop Ltd

Independent examiner's' report to the board of directors on the preparation of the unaudited statutory accounts of Seacourt Print Workshop Ltd for the year ended 31 March 2023

I report on the accounts for the company for the year ended 31 March 2023.

Respective responsibilities of charity trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

Basis of independent examiner’s report

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act

  2. That the accounts do not accord with those accounting records

  3. That the accounts do not comply with the accounting requirements of theCharities Act

  4. 4.That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner’s statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Roger Morrison

30/11/2023

signed on 01/12/2023, 10:47:21 GMT Roger Morrison B.A. (Hons) F.C.A. Chartered Accountant and Registered Auditor 95 Cregagh Road Belfast BT6 8PY

29 November 2023

8

Seacourt Print Workshop Ltd Statement of financial activities for the year ended 31 March 2023

Income from:
Donations and membership fees
Provision of courses and sale of art works
Grant income
Investment income
Total
Expenditure on:
Raising funds
Charitable activities: Resource provision
Other
Total
Net movement in funds
Reconciliation of funds
Fund balance at 1 April 2022
Net movement in funds
Transfer between funds
Fund balance at 31 March 2023		 Unrestricted
funds
2023
£
29,355
23,301
8,000
573
61,229
6,599
35,322
8,053
49,974
11,255
152,219
11,255
7,976
171,450		 Restricted
funds
2023
£
-
-
146,401
-
146,401
19,411
68,369
22,394
110,174
36,227
-
36,227
(7,976)
28,251		 Total
2023
£
29,355
23,301
154,401
573
207,630
26,010
103,691
30,447
160,148
47,482
152,219
47,482
-
199,701		 Total
2022
£
12,020
21,861
170,666
125
204,672
23,365
97,294
41,159
161,818
42,854
109,365
42,854
-
152,219

9

Seacourt Print Workshop Ltd
Registered number:
Balance Sheet
as at 31 March 2023
Notes
Fixed assets
Tangible assets
6
Current assets
Stocks
Debtors
7
Cash at bank and in hand
Creditors: amounts falling due
within one year
8
Net current assets
Net assets
Capital and reserves
General funds
Restricted funds
Total funds		 NI024162
2023
£
133,908
4,223
17,347
55,629
77,199
(11,406)
65,793
199,701
171,450
28,251
199,701		 2022
£
106,269
3,780
4,778
51,636
60,194
(14,244)
45,950
152,219
152,219
-
152,219

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

30/11/2023

signed on 30/11/2023, 17:16:48 GMT Dr Ken Sterrett Chairman

Approved by the board on 29 November 2023

10

Seacourt Print Workshop Ltd Statement of Changes in Equity for the year ended 31 March 2023

Share
Share
capital
premium
£
£
At 1 April 2021
-
-
Net movement in funds
Transfer between funds
Other comprehensive income for the
financial year
-
-
Total comprehensive income for the
financial year
-
-
At 31 March 2022
-
-
At 1 April 2022
-
-
Net movement in funds
Transfer between funds
Other comprehensive income for the
financial year
-
-
Total comprehensive income for the
financial year
-
-
At 31 March 2023
-
-		 Restricted
fund
£
13,645
33,192
(46,837)
(46,837)
(13,645)
-
-
36,227
(7,976)
(7,976)
28,251
28,251		 General
funds
£
95,720
9,662
46,837
46,837
56,499
152,219
152,219
11,255
7,976
7,976
19,231
171,450		 Total
£
109,365
42,854
-
-
42,854
152,219
152,219
47,482
-
-
47,482
199,701

11

Seacourt Print Workshop Ltd Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the directors have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity’s work or for specific artistic projects being undertaken by the Charity.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

a. Costs of generating funds comprise the costs of staff costs incurred in promoting the Charity together with costs associated with selling prints.

b. Expenditure on charitable activities includes the costs of exhibitions and other educational activities undertaken to further the purposes of the charity and their associated support costs.

c. Other expenditure represents those items not falling into any other heading.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trust's artistic programmes and activities.These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 3.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Leasehold land and buildings Furniture and equipment

10% straight line 20% reducing balance

12

Seacourt Print Workshop Ltd Notes to the Accounts for the year ended 31 March 2023

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Legal status of the Charity

The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

13

Seacourt Print Workshop Ltd Notes to the Accounts

for the year ended 31 March 2023

3 Analysis of governance and support costs

Salaries
Management and administration
Establishment
Advertising
Legal and professional
Depreciation
Relocation expenses		 Cost of
generating
funds
£
18,641
1,073
-
-
-
-
-
19,714		 Resource
provision
£
33,912
1,276
32,318
699
-
18,936
-
87,141		 Governance
£
16,355
3,762
1,234
-
8,710
386
-
30,447

Basis of allocation:

Support costs are not directly attributable to any single activity but provide the organisational infrastructure that enables the charitable activities to take place. Such costs are therefore apportioned to the activity cost categories being supported.

Support costs have been apportioned on a number of bases as considered reasonable, e.g. salaries were allocated based on time spent in each area, establishment costs were apportioned on the basis of floor-space, advertising and publicity was apportioned based on usage.

4
Employees
Average number of persons employed by the company
5
Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management
Wages and salaries
Pension costs		 2023
Number
4
2023
£
62,935
5,973
68,908		 2022
Number
3
2022
£
54,309
3,982
58,291

No employees had employee benefits in excess of £60,000 (2022: nil). Pension costs are allocated to activities in proportion to the related staffing costs.

The directors of the Charity were not paid or received any other benefits from employment (2022: nil), neither were they reimbursed expenses during the year (2022: nil). No director received payment for professional or other services supplied to the Charity (2022: nil).

14

Seacourt Print Workshop Ltd Notes to the Accounts

for the year ended 31 March 2023

6 Tangible fixed assets

Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
7
Debtors
Trade debtors
Other debtors
8
Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other taxes and social security costs
Other creditors		 Land and
buildings
£
108,798
30,366
139,164
34,408
9,627
44,035
95,129
74,390		 Furniture
and
equipment
£
127,061
16,595
143,656
95,182
9,695
104,877
38,779
31,879
2023
£
-
17,347
17,347
2023
£
3,469
708
1,960
5,269
11,406		 Total
£
235,859
46,961
282,820
129,590
19,322
148,912
133,908
106,269
2022
£
765
4,013
4,778
2022
£
-
5,077
2,850
6,317
14,244

9 Controlling party

The controlling parties are the guarantors.

15

Seacourt Print Workshop Ltd Notes to the Accounts

for the year ended 31 March 2023

10 Analysis of charitable funds
General reserve
Restricted reserves:
Arts Council for NI Core Funding
Ards Borough Council Project Grant
Future Screens NI
Arts & Business Blueprint Programme
Clear Small Grant
Esmee Mitchell Foundation
Total restricted funds
Total funds
Name of restricted fund
Arts Council for NI Core Funding
Ards Borough Council Project Grant
Future Screens NI
Arts & Business Blueprint Programme
Clear Small Grant
Esmee Mitchell Foundation		 At
At
1 April 2022
Income
Expenditure
Transfers
31 March 2023
152,219
61,229
(49,974)
7,976
171,450
-
75,032
(73,326)
(1,706)
-
-
4,500
(4,500)
-
-
-
21,919
(15,348)
-
6,571
-
29,950
(12,000)
(6,270)
11,680
-
5,000
(5,000)
-
-
-
10,000
-
-
10,000
-
146,401
(110,174)
(7,976)
28,251
152,219
207,630
(160,148)
-
199,701
To meet costs in respect of an arts, mental health, and wellbeing programme
To meet temporary lease costs and renovation of the upper floors to create
studio spaces
To meet purchase and renovation costs of new premises
To meets costs in respect of Operations Coordinator post
To meet costs in respect of running costs
Description, nature and purposes of the fund
To meet costs in respect of salaries and running costs

11 Other information

Seacourt Print Workshop Ltd is a private company limited by guarantee and incorporated in Northern Ireland. Its registered office is:

75 Main Street Bangor Co. Down BT20 5AF

16

Seacourt Print Workshop Ltd Notes to the Accounts

for the year ended 31 March 2023

12 Prior year Statement of Financial Activities

Income from:
Donations and membership fees
Provision of courses and sale of art works
Grant income
Investment income
Total
Expenditure on:
Raising funds
Charitable activities: Resource provision
Other
Total
Net movement in funds		 Unrestricted
funds
2022
£
12,020
21,861
52,400
125
86,406
5,156
31,805
39,783
76,744
9,662		 Restricted
funds
2022
£
-
-
118,266
-
118,266
18,209
65,489
1,376
85,074
33,192		 Total
2022
£
12,020
21,861
170,666
125
204,672
23,365
97,294
41,159
161,818
42,854

17

Seacourt Print Workshop Ltd Detailed statement of financial activities for the year ended 31 March 2023

This schedule does not form part of the statutory accounts
Voluntary income:
Membership Fees
Donations
Activities for generating funds:
Artist sales
Courses, Projects, etc
Schools Programme
Materials for Resale
Sundries
Investment income:
Studio rental
Interest receivable
Incoming resources from charitable activities:
Exceptional Covid grants
Arts Council for Northern Ireland (ACNI)
ACNI - Emergency Funding
ACNI - Health & Safety
Blueprint grant
Future Screens NI
Esme Mitchell
Donated assets
Community Foundation NI
North Down Borough Council - Multi Annual
Clear Small Grant
Other grants
Total incoming resources		 Unrestricted
Funds
2023
£
12,642
16,713
29,355
10,390
9,261
2,083
1,002
565
23,301
565
8
573
-
-
-
-
-
-
-
8,000
-
-
-
-
8,000
61,229		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
61,004
14,028
-
29,950
21,919
10,000
-
-
4,500
5,000
-
146,401
146,401		 Total
2023
12,642
16,713
29,355
10,390
9,261
2,083
1,002
565
23,301
565
8
573
-
61,004
14,028
-
29,950
21,919
10,000
8,000
-
4,500
5,000
-
154,401
207,630		 Total
2022
£
12,020
-
12,020
5,505
10,887
1,400
691
3,378
21,861
-
125
125
2,400
60,266
50,000
45,250
-
-
-
-
1,000
5,500
5,000
1,250
170,666
204,672

18

Seacourt Print Workshop Ltd Detailed statement of financial activities for the year ended 31 March 2023

This schedule does not form part of the statutory accounts
Resources expended
Cost of generating funds:
Cost of generating voluntary and other income
Salaries
Pension
Materials for sale
Payments to artists on sale of prints
Postage
Telephone
Stationery and printing
Bank charges
Sundry expenses
Charitable activities/ Resource provision:
Salaries
Pension
Tutors
Rent and rates
Materials not for resale
Heat and light
Insurance
Repairs, maintenance and cleaning
Telephone
Postage
Advertising and publicity
Printing and stationery
Bank charges
Equipment expensed
Depreciation
Sundry expenses		 Unrestricted
Funds
2023
£
-
-
1,635
4,661
-
-
208
-
95
6,599
-
-
8,410
-
1,563
-
-
5,208
-
-
699
208
-
203
18,936
95
35,322		 Restricted
Funds
2023
£
15,953
2,688
-
-
-
480
-
290
-
19,411
31,224
2,688
5,165
11,760
1,412
9,276
3,254
2,820
480
-
-
-
290
-
-
-
68,369		 Total
2023
15,953
2,688
1,635
4,661
-
480
208
290
95
26,010
31,224
2,688
13,575
11,760
2,975
9,276
3,254
8,028
480
-
699
208
290
203
18,936
95
103,691		 Total
2022
£
15,969
1,792
2,567
2,076
55
448
176
282
-
23,365
34,890
1,792
17,352
11,770
4,636
2,244
3,394
4,460
448
55
536
176
282
755
14,504
-
97,294

19

Seacourt Print Workshop Ltd Detailed statement of financial activities for the year ended 31 March 2023

This schedule does not form part of the statutory accounts
Governance costs:
Wages and salaries
Pensions
Staff training and welfare
Rent
Rates
Service charges
Light and heat
Cleaning
Telephone and fax
Postage
Stationery and printing
Subscriptions
Bank charges
Bank interest
Insurance
Software
Repairs, maintenance and cleaning
Depreciation
Sundry expenses
Accountancy fees
Consultancy fees
Other legal and professional
Relocation costs
Research and evaluation expenses
Total resources expended		 Unrestricted
Funds
2023
£
180
-
290
-
285
-
-
40
74
-
209
347
-
-
-
1,214
123
386
734
2,521
1,650
-
-
-
8,053
49,974		 Restricted
Funds
2023
£
15,578
597
-
240
-
-
190
-
407
-
-
305
290
182
66
-
-
-
-
-
2,300
2,239
-
-
22,394
110,174		 Total
2023
15,758
597
290
240
285
-
190
40
481
-
209
652
290
182
66
1,214
123
386
734
2,521
3,950
2,239
-
-
30,447
160,148		 Total
2022
£
3,450
398
99
198
-
43
46
46
449
55
177
398
283
-
69
1,285
45
296
250
1,689
2,485
1,890
26,458
1,050
41,159
161,818

20

Signatures' technical details

Signatures

kensterrett60@gmail.com

30/11/2023, 17:16:48 GMT

Fingerprint

eb254e398d79c78fcfdf97d57dc64a0aef8bd2f6

roger@rhmorrison.co.uk

01/12/2023, 10:47:21 GMT

Fingerprint

1806de92899bdf243b459301028d9264dff3e66d

Event log

10.50.10.157 30/11/2023, 15:30:03 GMT Signing request created. System 30/11/2023, 15:30:09 GMT Notification sent to kensterrett60@gmail.com. System 30/11/2023, 17:10:33 GMT Signing page opened by signee kensterrett60@gmail.com. System 30/11/2023, 17:16:48 GMT Signee kensterrett60@gmail.com signed document. System 30/11/2023, 17:16:49 GMT Notification sent to roger@rhmorrison.co.uk. System 01/12/2023, 10:45:03 GMT Signing page opened by signee roger@rhmorrison.co.uk. System 01/12/2023, 10:47:21 GMT Signee roger@rhmorrison.co.uk signed document. System 01/12/2023, 10:47:21 GMT Signing process completed.

Summary

Envelope's ID: 5bblo14j Document's hash: 08f7031a052d4f340662afbf0a0e097bb1055d673fbe7ca66cfe371a3da53146 Final stamp: 01/12/2023, 10:47:24 GMT

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Verification QR Code
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