Colchester Arts Centre Charity Accounts
Colchester Arts Centre Charity Accounts
COMPANY REGISTRATION NUMBER:
1782715
CHARITY REGISTRATION NUMBER:
288652
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Company Limited by Guarantee |
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For the Year Ended |
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Company Limited by Guarantee |
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Financial Statements |
Year Ended 31 March 2023
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Pages |
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Trustees' Annual Report (Incorporating the Director's Report) |
1 to 7 |
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Independent Examiner's Report to the Trustees |
8 to 9 |
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Statement of Financial Activities (Including Income and Expenditure Account) |
10 |
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Statement of Financial Position |
11 |
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Notes to the Financial Statements |
12 to 21 |
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Company Limited by Guarantee |
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Trustees' Annual Report (Incorporating the Director's Report) |
Year Ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
31 March 2023
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Chair's report
Overview
This was our first full year's operation following the various closures enforced by the Covid 19 pandemic.
Numbers are up across the board, and we are able to reflect on the busiest year of our 43 year history. More people, more events, more income, and more ambition than in any single year since the building opened as an arts centre back in 1980.
There is no single reason for this upsurge in interest, activity, and business but more a combination of factors which have come together at the right time. The demographic we serve with our music programme is largely from the under 30 years age group and unlike our more mature customers this age group has returned to live events in huge numbers and with an enthusiasm perhaps borne out of the enforced lock down.
The programme now stretches further ahead in terms of prebooking which is a legacy from lock down where so many cancelled gigs had to be reprogrammed. We almost had a full year of shows on sale when the restrictions were lifted.
Being cashless has further streamlined operations and cut many hours and errors from the business of cash handling, particularly across our two bars.
Our Thinker in Residence (Vijay Patel) has continued to push into new ways of approaching inclusivity. Our newly adopted code of kindness frames the culture of the organisation with a new awareness around inclusivity and a better understanding of how people with lived experience of exclusion can be better integrated into our thinking.
The stability of the board has allowed the skill set of our senior management team to flourish. The understanding and trust between Anthony Roberts (Director), Stafford Glover (Executive Producer), Joanne Parry (General Manager) and Vijay Patel (Thinker in Residence) has been fundamental in bringing about this new growth.
The front of house and technical team, Liz Cooper (Operations Manager), Katy Cirne (Technical and
Production Manager), and Darryl Ward (Technical and Production Assistant) have been outstanding in their capacity to embrace this growth with highly polished planning and organisational structures in place.
The year was also supercharged through the talents and efforts of our publicity and marketing officer (Emma Wallis) who drove sales and traffic through a highly organised strategic approach to publicity which retained all our individuality and kept a commercial edge.
Of course, our mainstay at the Box Office, Mick Newman, known universally as Mick the Hippy provides the perfect first stop for people who contact us, underlining our emphasis on real human engagement as opposed to the anonymity of Live Chat or online only customer care. Ours in a non-corporate human alternative to the faceless advance of technology driven consumerism.
Our occupation of derelict shops has proved the catalyst to a magnificent new outreach project aimed at engagement with global majority communities in Colchester. Through the contracting of Rachel Walton as our Community Ambassador we have facilitated two vibrant outposts where new engagement is now possible.
Colchester Arts Centre's mission is to provide, stimulate and nurture a diverse and dynamic series of arts events and activities of the highest quality. We declare a bias towards new work, innovation, experimentation and international work. In doing so, it is our intention to research and respond to the needs of specific groups within the community.
Aims and Objectives
1. To use the arts centre main space to promote a busy and diverse schedule of performance arts.
2. To give preference to the needs of youth, arts of known quality, of a contemporary, international or innovative nature in all aspects of programming.
3. To provide a balance of art forms, to programme events for particular groups, and to present a positive image of this work. It will reflect the diversity of our community.
4. To make our operation as accessible as possible to all parts of the community.
5. To provide, both through an outreach policy, and through a co-ordinated programme of workshops and classes, an educational role in the community.
6. To encourage and stimulate artists in creating new work.
7. To establish links and create joint projects with other arts organisations both locally and nationally.
8. To operate within the framework of social responsibility with particular regard to environmental issues to which we shall be progressive and responsive in addressing.
9. To use imagination and to develop a freshness of approach in addressing our aims and in doing so, to establish a reputation for artistic excellence.
National Portfolio Status - Arts Council England
An application to continue our work as an NPO (National Portfolio Organisation) was submitted on 17th May 2022. This was for a programme of work between 2023 - 2026. On 13th February 2023 we received notification that our application had been successful and that we had been awarded a further £75,000 (£25,000 per year) to deliver work in the designated Priority Place of Tendring. We have invited Vijay Patel to lead on this engagement which will begin at the start of the next financial year.
Finances
Our closing balance for 2022 - 23 stands at £998,717 just £1,283 shy of £1,000,000. This shows an overall increase of £144,546 in this one year. It must, however, be noted that much of this increase sits in our designated funds. This means that much of the money raised this year is for projects that will take place in 2023 - 24 so an attendant drop in turnover is forecast for the following year and shouldn't be misread as losses.
Earned Income
Our box office has increased from £230,404 in 2021 - 22 to £321,087 an increase of £90,683. Our bar income has increased from £103,769 to an astonishing £205,715 an increase of £101,946. Our venue hire income has increased from £20,135 to £56,370 an increase of £36,235 making a total across these three main strands of £583,172 the highest total ever recorded in our 43 year history and a total increase of £228,864 on last year.
Fundraising
We received further financial support from the following trusts for the following projects:
" Essex County Council Arts and Cultural fund Older persons project £14,400" Community 360 bursary for The Mum Project with Hunt & Darton £15,760
We also released unused historical credit vouchers back into the balance sheet totalling donations of £7,758. £1,742 was received for gift aid across all donations.
Donations across the year totalled £18,856.
General Reserves
We are now delighted to report that our general reserves now stand at £171,763 This figure already exceeds the aspiration we set for the years 2023 - 2026.
Capital Development
Following the major revamp of our interior space and facilities during Covid closure we removed the ugly previous half-moon foyer barrier and replaced it with a carved wooden introduction using the panels found during restoration and thought to have originated from the alter wall of the original 1872 Sir Arthur Blomfield design. This was carried out in September 2022 at a cost of £17,993. The architects were once again Inkpen Downie and the builders were Lexden Contract Construction.
Audience Data & Artistic Highlights
Number of performances
Total
paid attendances
Number of learning /
community / outreach events Total participants
Total other attendances 341 42,190 182 2088 12,000 (Est)
Artistic Highlights
Senyawa
- Indonesian experimental throat singing / noise rock Peter Hook and The Light - Joy Division / New Order bass player William Basinski - Avant Garde Composer
Marisa Carnesky - Iconic Performance Artist
Utopia Strong - British Electronica Band featuring Steve Davis
Mono - Filmic soundscapes from Japan
Courtney Pine - legendary jazz saxophonist
Pussy Riot - Legendary activist Russian Punk Band
Killing Joke - Warm up show for international band
Comedy continues to prove enormously popular with well out shows from
Glenn Moore
Scott Bennett
Flo and Joan
Jen Brister
Rob Newman
Sophie Duker
Education and Outreach
This year saw us launch two specific offsite initiatives for engagement with marginalised communities.
These arose from an opportunity presented to us through the brokerage of a company called Avire. Avire specialise in vacant retail / shop / commercial premises and offer these to charities on a 1 month rolling basis.
We have been offered three spaces. Two of these we have chosen to use as spaces to extend our education and outreach work by working inclusively with global majority. These are located at 24 Priory Walk & 31 Priory Walk. At the time of the offer both these spaces needed considerable work to make them fit and proper for use by the general public.
The key that unlocked the door to the success of this project was the partnership with Rachel Walton as our Community Ambassador. Through the trust and status she enjoys with Colchester's global majority communities there has been a massive programme of social engagement and arts outcomes generated from these two spaces.
We have used the third space in Queen Street as a rehearsal space and occasion performance sharing space. We have given free access to Paper Birds Theatre Company, Gina Casetta, Lady Helena Vortex, SERF Dance Collective, Alice D'Lumiere.
Diversity & Inclusion
We have continued delivery of our Game Changer project through the work of our Thinker-In Residence,
Vijay Patel.
Vijay has become an integrated and valued member of the senior management team and reports directly to the board at board meetings on the challenges and the progress the organisation is making towards inclusion for people with lived experience of exclusion.
We have also developed a relationship with the Gujarati community through the input of our trustee Jaymini Nakum. We welcomed Bhavik Haria to perform two concerts. On 11th November 2022 he performed Bhajans and on 21st January 2023 he performed Bollywood Mehfil. Both were near capacity attendance.
Further training has been delivered to both core staff and volunteers through our Game Changer Project in Blind Awareness and Trans Awareness.
Sub Committees
The following subcommittees have been operational across the year
Ambition & Quality
Dynamism
Environmental Responsibility
Inclusivity & Relevance
These sub committees mirror the Investment Principles as determined by Arts Council England Let's Create strategy and will be invaluable in the reporting procedures and responsibilities going forward.
Staffing
We welcomed Darryl Ward onto our staff as full time technician on 6th June 2022. We increased the general Manager hours from 24 to 32 hours per week from 1st July.
Board
Darius Laws resigned as Colchester Council Representative and was replaced by Michelle Burrows in November 2022.
Reference and Administrative Details
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Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
St Mary at the Walls |
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office |
Church Street |
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Colchester |
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Essex |
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CO1 1NF |
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The Trustees
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(Retired
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(Appointed
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Company Secretary |
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Independent Examiner |
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Middleborough House |
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16 Middleborough |
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Colchester |
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Essex |
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CO1 1QT |
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Structure, Governance and Management
Legal status
The company is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association.
Organisation
A board of trustees meets quarterly to administer the organisation which is a charity and company limited by guarantee. The board of trustees employs Colchester Arts Centre's core members of staff who manage the day-to-day operations of the organisation. Colchester Arts Centre is regularly funded by Arts Council England East and Colchester Borough Council, both of which have observer representatives at board meetings.
Related parties
The charity has a very close relationship with Arts Council England, East, which is a charity. Also Colchester Borough Council and Essex County Council, which provide funding to enable the charity to carry out its charitable objectives.
Objectives and Activities
Aims and objectives
In shaping our objectives and planning our activities the trustees have considered the Charity Commission's guidance on public benefit. The Arts Centre relies on grants and income from tickets, fees, other income and secondary trading to cover its operating costs. In setting the level for ticket prices, concessions and fees, the trustees give careful consideration to the accessibility of the Centre and its community activities to those on low incomes.
Achievements and Performance
Review of developments, activities and achievements
The review is detailed in the Chairman's report.
Financial Review
Reserves policy and risk management
Plans for Future Periods
The charity's plans for future periods are detailed in the Chairman's report.
Small Company Provisions
The trustees' annual report was approved on
11 October 2023
and signed on behalf of the board of trustees by:
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Trustee |
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Company Limited by Guarantee |
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Independent Examiner's Report to the Trustees of
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Year Ended 31 March 2023
I report to the trustees on my examination of the financial statements of
Colchester Arts Centre
('the charity') for the year ended 31 March 2023.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1.
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2.
the financial statements do not accord with those records; or
3.
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4.
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
12 October 2023
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Company Limited by Guarantee |
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Statement of Financial Activities |
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(including income and expenditure account) |
Year Ended 31 March 2023
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2023 |
2022 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Income and endowments
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Donations and legacies |
5 |
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Charitable activities |
6 |
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– |
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Investment income |
7 |
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– |
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Other income |
8 |
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– |
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– |
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Total income |
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Expenditure
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Expenditure on charitable activities |
9,10 |
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Total expenditure |
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Net income and net movement in funds |
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Reconciliation of funds
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Total funds brought forward |
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Total funds carried forward |
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Company Limited by Guarantee |
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Statement of Financial Position |
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2023 |
2022 |
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Note |
£ |
£ |
Fixed Assets
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Tangible fixed assets |
16 |
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Current Assets
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
19 |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Funds of the Charity
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Restricted funds |
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Unrestricted funds |
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Total charity funds |
22 |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of trustees
and authorised for issue on
11 October 2023
, and are signed on behalf of the board by:
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Trustee |
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Company Limited by Guarantee |
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Notes to the Financial Statements |
Year Ended 31 March 2023
1.
General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is St Mary at the Walls, Church Street, Colchester, Essex, CO1 1NF.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Going Concern
Judgements and Key Sources of Estimation Uncertainty
Fund Accounting
Incoming Resources
Resources Expended
Tangible Assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Improvements to property |
- |
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Furniture & equipment |
- |
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Impairment of Fixed Assets
Stocks
Government Grants
Financial Instruments
Defined Contribution Plans
4.
Limited by Guarantee
Every member of the charity undertakes to contribute such amount as may be required, not exceeding £10, to the charity's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.
5.
Donations and Legacies
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Donations
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Donations |
18,856 |
– |
18,856 |
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Grants
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ACE Small Capital grant |
76,393 |
– |
76,393 |
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Colchester Borough Council |
48,175 |
– |
48,175 |
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Arts Council England, East |
196,684 |
– |
196,684 |
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Trusts & Foundations fundraising |
1,620 |
48,760 |
50,380 |
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Essex County Council |
– |
12,600 |
12,600 |
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Government grant income |
– |
– |
– |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Donations
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Donations |
27,119 |
– |
27,119 |
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Grants
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ACE Small Capital grant |
– |
– |
– |
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Colchester Borough Council |
48,175 |
– |
48,175 |
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Arts Council England, East |
247,713 |
– |
247,713 |
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Trusts & Foundations fundraising |
47,000 |
60,621 |
107,621 |
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Essex County Council |
– |
– |
– |
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Government grant income |
61,963 |
– |
61,963 |
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6.
Charitable Activities
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Box office |
321,087 |
321,087 |
230,404 |
230,404 |
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Room hirings |
56,370 |
56,370 |
20,135 |
20,135 |
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Bar |
205,715 |
205,715 |
103,769 |
103,769 |
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Other income |
9,774 |
9,774 |
7,074 |
7,074 |
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7.
Investment Income
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Bank interest receivable |
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------- |
------- |
---- |
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8.
Other Income
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Gain on disposal of tangible fixed assets held for charity's own use |
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– |
– |
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9.
Expenditure on Charitable Activities by Fund Type
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Box Office |
584,877 |
11,971 |
596,849 |
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Bar & Front of House |
110,795 |
– |
110,795 |
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Support costs |
192,492 |
1,151 |
193,642 |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Box Office |
310,141 |
105,000 |
415,141 |
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Bar & Front of House |
99,710 |
– |
99,710 |
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Support costs |
75,274 |
61,899 |
137,173 |
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10.
Expenditure on Charitable Activities by Activity Type
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Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
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Box Office |
596,849 |
104,780 |
701,629 |
498,068 |
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Room hirings |
– |
18,394 |
18,394 |
7,247 |
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Bar & Front of House |
110,795 |
67,130 |
177,925 |
137,056 |
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Governance costs |
– |
3,338 |
3,338 |
9,653 |
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11.
Analysis of Support Costs
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Box office |
Room hirings |
Bar & Front of House |
Total 2023 |
Total 2022 |
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£ |
£ |
£ |
£ |
£ |
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Governance costs |
1,839 |
323 |
1,178 |
3,340 |
9,652 |
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Repairs & maintenance |
5,909 |
1,037 |
3,786 |
10,732 |
8,022 |
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Premises costs |
14,603 |
2,564 |
9,356 |
26,523 |
22,969 |
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Motor & travel |
4,877 |
856 |
3,124 |
8,857 |
3,015 |
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Telephone, fax & internet |
1,222 |
214 |
783 |
2,219 |
2,122 |
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Other office costs |
5,786 |
1,016 |
3,706 |
10,508 |
7,123 |
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Other costs |
10,308 |
1,810 |
6,604 |
18,722 |
8,980 |
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Wages and salaries |
13,643 |
2,395 |
8,741 |
24,779 |
19,392 |
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Employers NI |
1,252 |
220 |
802 |
2,274 |
1,455 |
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Depreciation |
43,208 |
7,585 |
27,682 |
78,475 |
51,870 |
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Legal & professional |
3,971 |
697 |
2,545 |
7,213 |
2,573 |
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--------- |
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---------- |
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106,618 |
18,717 |
68,307 |
193,642 |
137,173 |
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12.
Net Income
Net income is stated after charging/(crediting):
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible fixed assets |
88,476 |
51,869 |
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Gains on disposal of tangible fixed assets |
(300) |
– |
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--------- |
--------- |
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13.
Independent Examination Fees
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2023 |
2022 |
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£ |
£ |
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Fees payable to the independent examiner for:
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Independent examination of the financial statements |
1,200 |
1,200 |
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------- |
------- |
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14.
Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
– |
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Employer contributions to pension plans |
13,101 |
12,638 |
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The average head count of employees during the year was
23
(2022:
18
).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
15.
Trustee Remuneration and Expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees in their role as a trustee. Anthony Roberts who was appointed as a trustee on 18th May 2021 is however an employee of the charity and is remunerated as such.
16.
Tangible Fixed Assets
|
Land and buildings |
Equipment |
Total |
|
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 Apr 2022 |
|
|
|
|
Additions |
– |
|
|
|
Disposals |
– |
(
|
(
|
|
---------- |
---------- |
---------- |
|
|
At 31 Mar 2023 |
|
|
|
|
---------- |
---------- |
---------- |
|
|
Depreciation |
|||
|
At 1 Apr 2022 |
|
|
|
|
Charge for the year |
|
|
|
|
Disposals |
– |
(
|
(
|
|
---------- |
---------- |
---------- |
|
|
At 31 Mar 2023 |
|
|
|
|
---------- |
---------- |
---------- |
|
|
Carrying amount |
|||
|
At 31 Mar 2023 |
|
|
|
|
---------- |
---------- |
---------- |
|
|
At 31 Mar 2022 |
|
|
462,364
|
|
---------- |
---------- |
---------- |
|
17.
Stocks
|
2023 |
2022 |
|
|
£ |
£ |
|
|
Raw materials and consumables |
|
|
|
------- |
------- |
|
18.
Debtors
|
2023 |
2022 |
|
|
£ |
£ |
|
|
Trade debtors |
– |
|
|
Prepayments and accrued income |
|
|
|
Other debtors |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
19.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
|
£ |
£ |
|
|
Trade creditors |
|
|
|
Social security and other taxes |
|
|
|
Other creditors |
|
|
|
---------- |
---------- |
|
|
|
|
|
|
---------- |
---------- |
|
20.
Pensions and Other Post Retirement Benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £
13,101
(2022: £
12,638
).
21.
Government Grants
The amounts recognised in the financial statements for government grants are as follows:
|
2023 |
2022 |
|
|
£ |
£ |
|
Recognised in income from donations and legacies:
|
Government grants income |
– |
|
|
---- |
--------- |
|
22.
Analysis of Charitable Funds
Unrestricted funds
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
At 31 Mar 2023 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
General funds |
179,807 |
880,120 |
(888,164) |
– |
171,763 |
|
Equipment & capital replacement fund |
276,971 |
– |
– |
– |
276,971 |
|
Emergency fund |
76,767 |
39,237 |
– |
– |
116,004 |
|
Projects |
212,595 |
18,000 |
– |
– |
230,595 |
|
CBC Kick Starter fund |
– |
– |
– |
– |
– |
|
Legacy |
50,000 |
– |
– |
– |
50,000 |
|
Archiving |
20,000 |
– |
– |
– |
20,000 |
|
Carbon Insetting |
10,000 |
– |
– |
– |
10,000 |
|
---------- |
---------- |
---------- |
---- |
---------- |
|
|
826,140 |
937,357 |
(888,164) |
– |
875,333 |
|
|
---------- |
---------- |
---------- |
---- |
---------- |
|
|
At 1 Apr 2021 |
Income |
Expenditure |
Transfers |
At 31 Mar 2022 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
General funds |
121,190 |
793,550 |
(480,125) |
(254,808) |
179,807 |
|
Equipment & capital replacement fund |
192,567 |
– |
– |
84,404 |
276,971 |
|
Emergency fund |
76,767 |
– |
– |
– |
76,767 |
|
Projects |
98,191 |
– |
– |
114,404 |
212,595 |
|
CBC Kick Starter fund |
5,000 |
– |
(5,000) |
– |
– |
|
Legacy |
24,000 |
– |
– |
26,000 |
50,000 |
|
Archiving |
– |
– |
– |
20,000 |
20,000 |
|
Carbon Insetting |
– |
– |
– |
10,000 |
10,000 |
|
---------- |
---------- |
---------- |
---------- |
---------- |
|
|
517,715 |
793,550 |
(485,125) |
– |
826,140 |
|
|
---------- |
---------- |
---------- |
---------- |
---------- |
|
Restricted funds
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
At 31 Mar 2023 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Lottery Building Fund |
11,497 |
– |
(1,151) |
– |
10,346 |
|
Garfield Weston Culture Fund |
– |
– |
– |
– |
– |
|
Community Bus |
50,000 |
– |
– |
– |
50,000 |
|
Here & Now |
– |
– |
– |
– |
– |
|
Twinkle Star project |
– |
33,000 |
(9,583) |
– |
23,417 |
|
The Mum project |
– |
15,760 |
– |
– |
15,760 |
|
Older Persons project |
– |
12,600 |
(2,388) |
– |
10,212 |
|
--------- |
--------- |
--------- |
---- |
---------- |
|
|
61,497 |
61,360 |
(13,122) |
– |
109,735 |
|
|
--------- |
--------- |
--------- |
---- |
---------- |
|
|
At 1 Apr 2021 |
Income |
Expenditure |
Transfers |
At 31 Mar 2022 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Lottery Building Fund |
12,775 |
60,621 |
(61,899) |
– |
11,497 |
|
Garfield Weston Culture Fund |
100,000 |
– |
(100,000) |
– |
– |
|
Community Bus |
50,000 |
– |
– |
– |
50,000 |
|
Here & Now |
5,000 |
– |
(5,000) |
– |
– |
|
Twinkle Star project |
– |
– |
– |
– |
– |
|
The Mum project |
– |
– |
– |
– |
– |
|
Older Persons project |
– |
– |
– |
– |
– |
|
---------- |
--------- |
---------- |
---- |
--------- |
|
|
167,775 |
60,621 |
(166,899) |
– |
61,497 |
|
|
---------- |
--------- |
---------- |
---- |
--------- |
|
23.
Analysis of Net Assets Between Funds
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
368,951 |
10,346 |
379,297 |
|
|
Current assets |
1,192,342 |
99,389 |
1,291,731 |
|
|
Creditors less than 1 year |
(685,960) |
– |
(685,960) |
|
|
------------- |
---------- |
------------- |
||
|
Net assets |
875,333 |
109,735 |
985,068 |
|
|
------------- |
---------- |
------------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
440,867 |
11,497 |
452,364 |
|
|
Current assets |
1,132,273 |
50,000 |
1,182,273 |
|
|
Creditors less than 1 year |
(747,000) |
– |
(747,000) |
|
|
------------- |
--------- |
------------- |
||
|
Net assets |
826,140 |
61,497 |
887,637 |
|
|
------------- |
--------- |
------------- |
||