IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY N F Puttick N S Young T Bennett Ms L Lewis R S Melville T J Swift Mrs L C Lewis F E Nicholson M Handley Mrs R Ledgar FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082904552022-03-31082904552023-03-31082904552022-04-012023-03-31082904552021-03-31082904552021-04-012022-03-31082904552022-03-3108290455ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3108290455ns11:Original2022-04-012023-03-3108290455ns15:PoundSterlingns11:Original2022-04-012023-03-3108290455ns11:Original2022-03-3108290455ns11:Original2023-03-3108290455ns11:Originalns0:Trustee32022-04-012023-03-3108290455ns11:Originalns0:Trustee42022-04-012023-03-3108290455ns11:Originalns0:Trustee52022-04-012023-03-3108290455ns11:Originalns0:Trustee12022-04-012023-03-3108290455ns11:Originalns0:Trustee62022-04-012023-03-3108290455ns0:Trustee7ns11:Original2022-04-012023-03-3108290455ns11:Originalns0:Trustee22022-04-012023-03-3108290455ns0:Trustee8ns11:Original2022-04-012023-03-3108290455ns11:Originalns0:Trustee92022-04-012023-03-3108290455ns11:Originalns0:Trustee102022-04-012023-03-3108290455ns11:Originalns11:FRS1022022-04-012023-03-3108290455ns11:IndependentExaminationCharityns11:Original2022-04-012023-03-3108290455ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3108290455ns11:Originalns11:FullAccounts2022-04-012023-03-3108290455ns11:Originalns11:CharitiesSORP2022-04-012023-03-3108290455ns11:Original2021-04-012022-03-3108290455ns11:Originalns16:EnglandWales2022-04-012023-03-3108290455ns11:Originalns11:RegisteredOffice2022-04-012023-03-3108290455ns11:Originalns11:CompanySecretary12022-04-012023-03-3108290455ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-3108290455ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-3108290455ns11:Originalns0:TotalUnrestrictedFunds2022-03-3108290455ns11:Originalns0:TotalRestrictedIncomeFunds2022-03-3108290455ns11:Original2021-03-3108290455ns11:Originalns0:TotalUnrestrictedFunds2023-03-3108290455ns11:Originalns0:TotalRestrictedIncomeFunds2023-03-3108290455ns11:Original2022-03-3108290455ns11:Originalns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-3108290455ns11:Originalns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-3108290455ns11:Originalns10:WithinOneYear2023-03-3108290455ns11:Originalns10:WithinOneYear2022-03-3108290455ns11:Original22022-04-012023-03-3108290455ns11:Original12022-04-012023-03-3108290455ns11:Original12021-04-012022-03-3108290455ns11:Originalns0:TotalUnrestrictedFunds2021-04-012022-03-3108290455ns11:Originalns0:TotalRestrictedIncomeFunds2021-04-012022-03-31
REGISTERED COMPANY NUMBER: 08290455 (England and Wales)
REGISTERED CHARITY NUMBER: 1153606













Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Macclesfield Community Artspace

Macclesfield Community Artspace






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 7 to 11

Macclesfield Community Artspace (Registered number: 08290455)

Report of the Trustees


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are: To promote for the benefit of the inhabitants of Macclesfield and the surrounding area the provision of community facilities for recreation or other leisure time occupation for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants, in particular but not exclusively by delivering a range of creative arts and community projects.

The principles of the charity include inclusivity, accessibility and recycling.

Public benefit
The Trustees are aware of the guidance issued by the Charity Commission and the requirement of the Charities Act 2011 in respect of this.

The review of the charity's strategy and achievement shows that it is operating to provide public benefit and that its services are readily available to all those who need them.

Staff and Volunteers
The charity appointed a coordinator in April 2022, who is a paid member of staff. Occasionally payments are also made to professionals for specific projects. Generally the charity operates with the help of an amazing team of volunteers who give their time, energy and passion to provide great activities and opportunities for the community

ACHIEVEMENT AND PERFORMANCE
Review April 2022 to March 2023
The main Trustee priority at the beginning of April 2022 was to ensure and support the appointment of a part time co - ordinator whose remit would be both to enable ArtSpace to expand post Covid by reaching out into the local community to provide more Arts based activities for local families and also to recruit more volunteers.

Jane our co ordinator has made a tremendous difference through her hard work and dedication.

As an organisation, ArtSpace has increased its revenue streams through collaborative working with other local organisations, particularly Macclesfield Town Council and local charities supporting adults in the community.

ArtSpace now offers taught sewing and woodwork classes which are always fully booked.

ArtSpace also hosts regular drop in family craft sessions plus Home Ed ArtSessions .

We provide volunteer led and paid opportunities for our Artists to support local charities, festivals, events and adult user groups with Art and Craft projects.

There has been a change of Trustee personnel and the new board is going forward with the necessary processes to bring ArtSpace accounts, policies and procedures up to date.

FINANCIAL REVIEW
Some unrestricted and restricted funds were carried over from the previous year. During the course of the year the charity raised funds through its own activities, friends scheme and donations along with some funds received from Macclesfield Town Council for specific projects. Funding was obtained for one year from Macclesfield Town Council to appoint a paid coordinator and this contract has since been extended for a further period and is currently self-funded. However at the end of the year after outgoings for premises, materials, equipment, payment of the coordinator, there was a deficit which the team are aware of and are trying to increase income and obtain future funding to cover all costs. The charity recognises the importance of funding from multiple sources to ensure sustainability.

The trustees would like to thank the Friends of Artspace and volunteers for their support and especially our wonderful coordinator Jane Griffiths who has done an amazing job during her time working for Artspace.

Macclesfield Community Artspace (Registered number: 08290455)

Report of the Trustees

FUTURE PLANS
Various seasonal events are planned at Artspace and also in the community through to 2024 where we will take part in Chinese New Year once again. Weekly opening times continue for drop in arrangements and regular groups also meet at Artspace. With the support of a growing group of volunteers and access to new funding, we hope to continue to expand what we offer and improve our facilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company (08290455) was originally formed on incorporation on 12th November 2012. The company registered as a charity (1153606) in August 2013.

The company is governed by its Memorandum and Articles of Association which state that its objects are:

To promote for the benefit of the inhabitants of Macclesfield and the surrounding area the provision of community facilities for recreation of other leisure time occupation for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants, in particular but not exclusively by delivering a range of creative arts and community projects.

Organisational structure
The charity is governed by the board of trustees who oversee the workings of the steering group and forum of the charities users.

Induction and training of new trustees
Trustees are encouraged to participate in the programmes of training provided by the CVS. This year CVS training courses were attended by Artspace volunteers. All trustees are acquainted with the responsibilities of their role and duties and provided with the relevant Charity Commission literature.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08290455 (England and Wales)

Registered Charity number
1153606

Registered office
Unit 3, Second Floor
The Arsenal
Heapy Street
Macclesfield
Cheshire
SK11 7JB

Trustees
N F Puttick (resigned 10.5.23)
N S Young (resigned 10.5.23)
T Bennett Manager (appointed 25.6.21) (resigned 28.11.22)
Ms L Lewis Senior Support Worker (resigned 29.6.22)
R S Melville Event Site Manager (resigned 20.3.23)
T J Swift (appointed 8.6.23)
Mrs L C Lewis (appointed 8.6.23)
F E Nicholson (appointed 10.5.23)
M Handley (appointed 1.5.22) (resigned 8.6.23)

Company Secretary
Mrs L C Lewis


Macclesfield Community Artspace (Registered number: 08290455)

Report of the Trustees


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Karen L Hunter FCCA
Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

Approved by order of the board of trustees on 7 November 2023 and signed on its behalf by:





Mrs L C Lewis - Trustee

Independent Examiner's Report to the Trustees of
Macclesfield Community Artspace

Independent examiner's report to the trustees of Macclesfield Community Artspace ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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
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 Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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.








Karen L Hunter FCCA

Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

7 November 2023

Macclesfield Community Artspace

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,657 1,000 17,657 16,246

Other trading activities 2 1,267 - 1,267 394
Total 17,924 1,000 18,924 16,640

EXPENDITURE ON
Raising funds 9,223 10,175 19,398 567

Charitable activities
Charitable activites 15,987 - 15,987 13,299

Other - - - (100 )
Total 25,210 10,175 35,385 13,766

NET INCOME/(EXPENDITURE) (7,286 ) (9,175 ) (16,461 ) 2,874
Transfers between funds 8 3,250 (3,250 ) - -
Net movement in funds (4,036 ) (12,425 ) (16,461 ) 2,874

RECONCILIATION OF FUNDS
Total funds brought forward 25,680 13,425 39,105 36,231

TOTAL FUNDS CARRIED FORWARD 21,644 1,000 22,644 39,105

Macclesfield Community Artspace (Registered number: 08290455)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank and in hand 6 23,869 1,000 24,869 39,885

CREDITORS
Amounts falling due within one year 7 (2,225 ) - (2,225 ) (780 )

NET CURRENT ASSETS 21,644 1,000 22,644 39,105

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,644

1,000

22,644

39,105

NET ASSETS 21,644 1,000 22,644 39,105
FUNDS 8
Unrestricted funds 21,644 25,680
Restricted funds 1,000 13,425
TOTAL FUNDS 22,644 39,105

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 7 November 2023 and were signed on its behalf by:





L Lewis - Trustee

Macclesfield Community Artspace

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Fundraising events - 196
Tuck shop sales 260 198
Merchandise income 52 -
Room hire 955 -
1,267 394


Macclesfield Community Artspace

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Independant examiner - 780
Other operating leases 9,039 8,824
Surplus on disposal of fixed assets - (100 )

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,246 - 16,246

Other trading activities 394 - 394
Total 16,640 - 16,640

EXPENDITURE ON
Raising funds 567 - 567

Charitable activities
Charitable activites 13,299 - 13,299

Other - (100 ) (100 )
Total 13,866 (100 ) 13,766

NET INCOME 2,774 100 2,874


RECONCILIATION OF FUNDS
Total funds brought forward 22,906 13,325 36,231

TOTAL FUNDS CARRIED FORWARD 25,680 13,425 39,105


Macclesfield Community Artspace

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CASH AT BANK AND IN HAND

Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 780 -
Accrued expenses 1,445 780
2,225 780

8. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 25,680 (7,286 ) 3,250 21,644

Restricted funds
Restricted Funds 13,425 (9,175 ) (3,250 ) 1,000

TOTAL FUNDS 39,105 (16,461 ) - 22,644

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 17,924 (25,210 ) (7,286 )

Restricted funds
Restricted Funds 1,000 (10,175 ) (9,175 )

TOTAL FUNDS 18,924 (35,385 ) (16,461 )


Macclesfield Community Artspace

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 22,906 2,774 25,680

Restricted funds
Restricted Funds 13,325 100 13,425

TOTAL FUNDS 36,231 2,874 39,105

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,640 (13,866 ) 2,774

Restricted funds
Restricted Funds - 100 100

TOTAL FUNDS 16,640 (13,766 ) 2,874

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 22,906 (4,512 ) 3,250 21,644

Restricted funds
Restricted Funds 13,325 (9,075 ) (3,250 ) 1,000

TOTAL FUNDS 36,231 (13,587 ) - 22,644

Macclesfield Community Artspace

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 34,564 (39,076 ) (4,512 )

Restricted funds
Restricted Funds 1,000 (10,075 ) (9,075 )

TOTAL FUNDS 35,564 (49,151 ) (13,587 )

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.