IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105795272023-06-30105795272024-06-30105795272023-07-012024-06-30105795272022-06-30105795272022-07-012023-06-30105795272023-06-3010579527ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-3010579527ns15:PoundSterling2023-07-012024-06-3010579527ns11:FRS1022023-07-012024-06-3010579527ns11:IndependentExaminationCharity2023-07-012024-06-3010579527ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010579527ns11:FullAccounts2023-07-012024-06-3010579527ns11:CharitiesSORP2023-07-012024-06-3010579527ns16:EnglandWales2023-07-012024-06-3010579527ns11:RegisteredOffice2023-07-012024-06-3010579527ns0:Trustee12023-07-012024-06-3010579527ns0:Trustee32023-07-012024-06-3010579527ns0:Trustee22023-07-012024-06-3010579527ns0:Trustee42023-07-012024-06-3010579527ns0:Trustee52023-07-012024-06-3010579527ns0:Trustee62023-07-012024-06-3010579527ns0:TotalUnrestrictedFunds2023-07-012024-06-3010579527ns0:TotalRestrictedIncomeFunds2023-07-012024-06-3010579527ns0:Activity92023-07-012024-06-3010579527ns0:TotalUnrestrictedFundsns0:Activity92023-07-012024-06-3010579527ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-07-012024-06-3010579527ns0:Activity92022-07-012023-06-3010579527ns0:Activity82023-07-012024-06-3010579527ns0:TotalUnrestrictedFundsns0:Activity82023-07-012024-06-3010579527ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-07-012024-06-3010579527ns0:Activity82022-07-012023-06-3010579527ns0:TotalUnrestrictedFunds2023-06-3010579527ns0:TotalRestrictedIncomeFunds2023-06-3010579527ns0:TotalUnrestrictedFunds2024-06-3010579527ns0:TotalRestrictedIncomeFunds2024-06-3010579527ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-06-3010579527ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-06-3010579527ns10:WithinOneYear2024-06-3010579527ns10:WithinOneYear2023-06-3010579527ns10:AfterOneYearns0:TotalUnrestrictedFunds2024-06-3010579527ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-06-3010579527ns10:AfterOneYear2024-06-3010579527ns10:AfterOneYear2023-06-301057952722023-07-012024-06-301057952712023-07-012024-06-301057952712022-07-012023-06-3010579527ns0:TotalUnrestrictedFunds2022-07-012023-06-3010579527ns0:TotalRestrictedIncomeFunds2022-07-012023-06-3010579527ns0:TotalUnrestrictedFundsns0:Activity92022-07-012023-06-3010579527ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-07-012023-06-3010579527ns0:TotalUnrestrictedFundsns0:Activity82022-07-012023-06-3010579527ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-07-012023-06-30
REGISTERED COMPANY NUMBER: 10579527 (England and Wales)
REGISTERED CHARITY NUMBER: 1173174














Trustees' Report and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Adopt A Potter Limited

Adopt A Potter Limited






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Trustees' Report 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

Adopt A Potter Limited (Registered number: 10579527)

Trustees' Report
for the Year Ended 30 June 2024


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 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to all charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015)

Adopt a Potter Limited was established to take over from Adopt a Potter Charitable Trust. The two companies ran parallel from 1 July 2017. Adopt a Potter Charitable Trust was closed on 30 June 2019 and its assets merged into Adopt a Potter Limited on that day.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of Adopt a Potter Limited are as follows:

(i) Advancing the education of student ceramicists at Clay College, Stoke-on Trent, by providing and assisting in the provision of facilities for ceramics education at that college.

(ii) Providing support to enable ceramicists to take up training apprenticeships with experienced potters, thereby to furnish the apprentice ceramicists with practical experience and training.

(iii) To develop the practical skills, creative direction and vision of the apprentice ceramicists through mentoring and direction from the experienced potters.

(iv) Thereby fit the apprentice potters to be proactive as ceramicists and contribute to the continued growth and development of the ceramic art.

(v) Develop the public appreciation of the ceramic arts through exposure to the work of the apprentice potters and through public courses to be held at Clay College, Stoke-on-Trent.

STRATEGIC REPORT
Achievement and performance
Charitable activities
The College ran very smoothly over the year. The new college manager started in in the beginning of July and worked for a year to see the current cohort of students through their final year. A study trip to Japan in late February and early March proved to be a huge success. Students stayed in the pottery town of Mashiko where they met with several renowned Japanese studio potters and explored their work and studios. This was followed by a few days in Tokyo where they visited museums and ceramics exhibitions.

Students spent the summer term working toward their final projects and preparing for their graduation show. The high standard of the work produced is a testament to their hard work and individuality.

Over the financial year there were two Adopt a a Potter apprentices. The one who began their tenure last year in April continued their year and another started in January. For three months two apprentices (with different host potters) were funded.

Financial review
Financial position
Net income for the year showed a surplus of £673 (2023: £41,325). This represented income of £246,284 (2023: £226,668) and expenditure of £245,611 (2023: £185,343). Higher costs of gas and electricity as well as a return to being fully staffed all contributed to the greater level of underlying expenses as did the trip to Japan.

At the end of the period the bursary account contained £127,980 (2023: £135,180). This is a decrease of just over £7,000 over the year. £35,200 was paid out in bursaries but this was largely offset by some very generous donations to the scheme.


Adopt A Potter Limited (Registered number: 10579527)

Trustees' Report
for the Year Ended 30 June 2024


STRATEGIC REPORT
Future plans
The current cohort of students finished their diploma at the end of July and held their graduation show in both London and Stoke on Trent. A new intake of 14 student will begin the course in September.

In addition, we have an exciting schedule of exhibitions planned for gallery over the year and have a new gallery manager who will curate them.

We also have a new College manager starting in August. We are looking to expand our range of tutors for the diploma to offer greater variety to the students.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Trustees are chosen for the skills they bring to the Board. Three are potters who make their living from ceramics and they have extensive experience in teaching ceramics. The other Trustees bring specific business skills to the group, from law, finance, publishing and high-level corporate management.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10579527 (England and Wales)

Registered Charity number
1173174

Registered office
Maze Hill Pottery
The Old Ticket Office
Woodlands Park Road
London
SE10 9XE

Trustees
Lisa Hammond Director
Joanna Seaton Director
Lesley Cartmell Director
Darren Lee Ellis Director
Karen Ann Bunting Director (resigned 1.12.23)
Elaine Jill Wells Director

Independent Examiner
Thompson Wright Limited
Chartered Accountants
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE


Adopt A Potter Limited (Registered number: 10579527)

Trustees' Report
for the Year Ended 30 June 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 20 January 2025 and signed on the board's behalf by:





Lisa Hammond - Trustee

Independent Examiner's Report to the Trustees of
Adopt A Potter Limited

Independent examiner's report to the trustees of Adopt A Potter Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

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.








R L Thompson BA (Hons) FCA

Thompson Wright Limited
Chartered Accountants
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

20 January 2025

Adopt A Potter Limited

Statement of Financial Activities
for the Year Ended 30 June 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 36,342 - 36,342 13,223

Charitable activities 5
Education 215,129 (35,200 ) 179,929 183,542

Other trading activities 3 25,369 - 25,369 27,854
Investment income 4 4,644 - 4,644 2,049
Total 281,484 (35,200 ) 246,284 226,668

EXPENDITURE ON
Charitable activities
General 199,103 - 199,103 121,938
Education 30,062 - 30,062 26,617

Other trading activities 16,446 - 16,446 36,788
Total 245,611 - 245,611 185,343

NET INCOME/(EXPENDITURE) 35,873 (35,200 ) 673 41,325


RECONCILIATION OF FUNDS
Total funds brought forward 200,755 35,200 235,955 194,630

TOTAL FUNDS CARRIED FORWARD 236,628 - 236,628 235,955

Adopt A Potter Limited (Registered number: 10579527)

Balance Sheet
30 June 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 9 3,674 - 3,674 1,599
Cash at bank and in hand 241,668 127,980 369,648 377,497
245,342 127,980 373,322 379,096

CREDITORS
Amounts falling due within one year 10 (8,714 ) - (8,714 ) (7,961 )

NET CURRENT ASSETS 236,628 127,980 364,608 371,135

TOTAL ASSETS LESS CURRENT LIABILITIES 236,628 127,980 364,608 371,135

CREDITORS
Amounts falling due after more than one year 11 - (127,980 ) (127,980 ) (135,180 )

NET ASSETS 236,628 - 236,628 235,955
FUNDS 12
Unrestricted funds 236,628 200,755
Restricted funds - 35,200
TOTAL FUNDS 236,628 235,955

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.


Adopt A Potter Limited (Registered number: 10579527)

Balance Sheet - continued
30 June 2024

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 20 January 2025 and were signed on its behalf by:





Lisa Hammond - Trustee





Lesley Cartmell - Trustee

Adopt A Potter Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

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.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Sources of income are recognised and classified in the notes to the accounts.

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.

Taxation
The charity is exempt from corporation tax on its charitable and other related 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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 18,303 13,223
Gift aid receipts from HMRC 18,039 -
36,342 13,223


Adopt A Potter Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Gallery sales 24,756 27,084
Other income 200 200
Kiln hire 413 570
25,369 27,854

4. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 4,644 2,049

5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Full time students Education 129,500 130,471
Evening classes Education 21,690 27,440
Masterclasses Education 28,739 25,631
179,929 183,542

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

The charity trustees were not paid or received any other benefits from employment.

The charity issued reimbursements totalling £1,570 during the year to 2 of the 5 trustees.

Travel Accomodation
£    £   
J. Seaton 39 215
L. Hammond 222 1,094

7. STAFF COSTS
2024 2023
£    £   
Wages and salaries 95,296 65,973
Social security costs 1,055 (1,005 )
Other pension costs 2,016 1,248
98,367 66,216

Adopt A Potter Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

2024 2023
Administration 1 2
Charitable activities 3 2
4 4

No employees received emoluments in excess of £60,000.

8. 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 13,223 - 13,223

Charitable activities
Education 148,342 35,200 183,542

Other trading activities 27,854 - 27,854
Investment income 2,049 - 2,049
Total 191,468 35,200 226,668

EXPENDITURE ON
Charitable activities
General 121,938 - 121,938
Education 26,617 - 26,617

Other trading activities 36,788 - 36,788
Total 185,343 - 185,343

NET INCOME 6,125 35,200 41,325


RECONCILIATION OF FUNDS
Total funds brought forward 194,630 - 194,630

TOTAL FUNDS CARRIED FORWARD 200,755 35,200 235,955


Adopt A Potter Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,054 850
Prepayments 620 749
3,674 1,599

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,168 4,823
Social security and other taxes 1,556 625
Accruals and deferred income 4,990 2,513
8,714 7,961

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Deferred bursary income 127,980 135,180

12. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 200,755 35,873 236,628

Restricted funds
Bursary 35,200 (35,200 ) -

TOTAL FUNDS 235,955 673 236,628

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 281,484 (245,611 ) 35,873

Restricted funds
Bursary (35,200 ) - (35,200 )

TOTAL FUNDS 246,284 (245,611 ) 673


Adopt A Potter Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 194,630 6,125 200,755

Restricted funds
Bursary - 35,200 35,200

TOTAL FUNDS 194,630 41,325 235,955

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 191,468 (185,343 ) 6,125

Restricted funds
Bursary 35,200 - 35,200

TOTAL FUNDS 226,668 (185,343 ) 41,325

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

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 194,630 41,998 236,628

TOTAL FUNDS 194,630 41,998 236,628

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 472,952 (430,954 ) 41,998

TOTAL FUNDS 472,952 (430,954 ) 41,998

Adopt A Potter Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. MOVEMENT IN FUNDS - continued


The bursary fund exists to provide financial assistance in paying full time college fees for those students who are in need. The revenue is recognised in the academic year of the student. Costs associated to the student are covered by the bursary up to, but not exceeding, the declared amount.

The company holds deferred income in respect of students fees in future years.

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.