| Pages | |||||
|---|---|---|---|---|---|
| Directors | and advisers | ||||
| Purpose | 3-4 | ||||
| Chair's report | 5-7 | ||||
| Directors' | report | 8-14 | |||
| Independent Examiner's |
report | 15 | |||
| Income and expenditure | account and statement | offinancial | activities | 16 | |
| Balance | sheet | 17 | |||
| Notes to | the financial statements | 18-21 |
| or the year ended | 3 | 1 March | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | funds | ||||||
| funds | ||||||||
| Total | Total | |||||||
| Noies | General 6 |
Designated | 2021 | 2020 | ||||
| Income | ||||||||
| Income from generated | funds | |||||||
| Voluntary income: grants Interest receivable |
31,750 | 203,102 2,682 |
234,852 2,682 |
287,983 3,033 |
||||
| Income from operating | acti vities | 31,750 | 205,784 | 237,534 | 291,016 | |||
| Artistic programmes and Income |
consultancy | 15,118 | 15,118 | 26,443 | ||||
| Total income | 31,750 | 220,902 | 252,652 | 317,459 | ||||
| Expenditure | ||||||||
| Charitable activities |
||||||||
| Cost ofartistic programmes activities |
and other | 77,384 | 62,630 | 140,014 | 141,678 | |||
| Support costs | 7,154 | 64,387 | 71,541 | 72,758 | ||||
| Expenditure on raising |
funds | 81,394 | 81,394 | 84,320 | ||||
| Governance | 2,220 | 2,220 | 2,191 | |||||
| Total expenditure | 84,538 | 210,531 | 285,168 | 300,947 | ||||
| NET INCOME/(EXPENDITURE) YEAR |
FOR THE | (52,788) | 10,271 | (42,517) | 16,512 | |||
| Net transfers between funds |
16,640 | (14,795) | (1,904) | (58) | 2,120 | |||
| Reconciliation offunds | ||||||||
| Fund balances brought 1 April |
forward at | 171,587 | 115,621 | 116,460 | 403,668 | 385,036 | ||
| FUND BALANCES CARRIED FORWARD AT 31 MARCH |
135,439 | 111,097 | 114,556 | E361&092 | E403,668 |
| as at 31 March | 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| ROI00 | E | 8 | ||
| FIXEDASSETS | ||||
| Tangible assets | 4 | 2,962 | 3,949 | |
| CURRENT ASSETS | ||||
| Debtors Cash at bank and in |
hand | 11,982 404,344 |
4,820 405,178 |
|
| 416,326 | 409,998 | |||
| CREDF'oRs: amounts | falling due within one year | ~68,806 | (10.219) | |
| NET CURRENT ASSETS | 358,130 | 399,719 | ||
| NET ASSETS | 8361,092 | 2403608 | ||
| UNRESTRICTED FUNDS UNRESTRICTED FUNDS RESTRICTED FUNDS |
- GENERAL -DESIGNATED |
111,097 114,556 135,439 |
115,821 116,480 171,587 |
|
| 6, 7 | 8361,002 | 8403,068 |
| INCOME | ||||||||||
| Restricted | Unrestricted | 2021 | 2020 | |||||||
| F | 6 | 6 | 8 | |||||||
| VOLUNTARY INCOME: | GRANTS/DONATIONS | |||||||||
| Arts Council England | 201,542 | 201,542 | 231,553 | |||||||
| Arts Council England, |
Catalyst | funds | to | |||||||
| devolve | 12,072 | |||||||||
| Arts Council England, | Catalyst match fund | 10,787 | ||||||||
| Heart of England | Community | Foundation | 9,994 | |||||||
| Saintbury Trust |
5,000 | |||||||||
| Midland Arts Centre |
5,000 | |||||||||
| British Council | 2,700 | |||||||||
| Arts & Humanities | Research | Council | 2,441 | |||||||
| George Fentham | Trust | 1,500 | ||||||||
| Birmingham City |
Council | 10,900 | 10,900 | 1,350 | ||||||
| Oakley Charitable | Trust | 1,000 | ||||||||
| The Cole Charitable | Trust | 1,000 | ||||||||
| Ditchling Museum |
of | Art | &Craft | 702 | ||||||
| Grimmett Trust |
500 | |||||||||
| Counterpoint | 400 | |||||||||
| Nottingham Trent |
University | 4,800 | 4,800 | |||||||
| Embassy of Mexico | 500 | 500 | ||||||||
| Shape ofThings | Ltd | 5,900 | 5,900 | |||||||
| National Lottery Community |
Fund | 9,650 | 9,650 | |||||||
| Donations | 1,560 | 1,560 | 1,984 | |||||||
| 31,750 | 203,102 | 234,852 | 287,983 | |||||||
| INCOME FROM ARTISTIC | PROGRAMSIE &OPERATING ACTIVITIES | |||||||||
| (ALL UNRESTRICTED) | ||||||||||
| Touring and workshop | receipts | 6,972 | 1,322 | |||||||
| Exhibit, stocks and catalogue | sales | 755 | 4,435 | |||||||
| Full cost recovery | from | projects | 2,400 | 2,150 | ||||||
| Consultancy services |
4,808 | 18,486 | ||||||||
| Sundry income | 183 | 50 | ||||||||
| 15,118 | 26443 |
| EXPENDITURE |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chantable activities | 2021f | 2020f | |||||||||
| CosT QFARTIsTIc PRQGRAMME | AND | QTHER AGTIVITIEs | |||||||||
| Exhibition and projects (marketing, |
publicity and catalogue) | 3,663 | 1,241 | ||||||||
| Catalyst funds devolved | 12,072 | ||||||||||
| Transportation, packaging |
and | travel | 4,500 | 9,524 | |||||||
| Artists' fees and expenses | 30,234 | 13,493 | |||||||||
| Exhibition and Project materials, |
fittings and costs | 11,561 | 3,746 | ||||||||
| Professional fees and costs | including | design, artwork |
&curation | 10,369 | 17,971 | ||||||
| Core salaries allocated to | project | delivery | 77,591 | 74,480 | |||||||
| Venue rental and hospitality | 1,698 | 8,872 | |||||||||
| Other | 398 | 279 | |||||||||
| 140,014 | 141,678 | ||||||||||
| Allocation ofoverttead costs | Charitsbte | ||||||||||
| Overhead costs are allocated |
on | s | basis | activities— | |||||||
| consistent wrth the use ofresources |
Support costs |
Fundrsisiog costsf |
Governance costsf |
2021f | 2020 | ||||||
| WageS and SalarieS (ths average employees i 22 the year wss 7 (2019 - 7) |
number | of | 29,554 | 74,293 | 103,647 | 105,911 | |||||
| Pension costs | 3,601 | 3,601 | 3,802 | ||||||||
| Recruitment costs |
|||||||||||
| Travel | 316 | 316 | 1,143 | ||||||||
| Catalyst fundraising | 7,101 | 7,101 | 8,691 | ||||||||
| Printing and stationery |
2,246 | 2,248 | 2,280 | ||||||||
| Telephone and postage |
2,151 | 2,151 | 2,005 | ||||||||
| Rent, services and insurance | I5,655 | 15,855 | 15,353 | ||||||||
| Removal cost | 701 | ||||||||||
| Auditors remuneration |
2,220 | 2,220 | 2,178 | ||||||||
| Depreciation ofowned fixed |
assets | 967 | 987 | 1,316 | |||||||
| Other professional costs |
2,523 | 2,523 | 2,796 | ||||||||
| Bank charges | 74 | 74 | 63 | ||||||||
| Subscriptions | 992 | 992 | 460 | ||||||||
| Training | 533 | 533 | 1,695 | ||||||||
| Equipment hire and maintenance (including IT maintenance contract) |
5,120 | 5,120 | 4,170 | ||||||||
| Marketing | 6,673 | 6,873 | 2,640 | ||||||||
| Business development | 200 | 200 | 2,442 | ||||||||
| Board member expenses | 238 | ||||||||||
| Other | 514 | 514 | 1,385 | ||||||||
| 71,541 | 61,394 | 2,220 | 155155 | 159,269 |
| 5 CREDITORS: AMOU |
N | TS | F | ALLIN | DU | E WITHIN ON | E YEAR | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 6 |
2020f | |||||||||||||
| Other creditors | 16,892 | 3,780 | ||||||||||||
| Other taxes and social security | 3,733 | 3,813 | ||||||||||||
| Accruala and deferred income |
35 | 571 | 2,886 | |||||||||||
| 56 | 196 | 10,279 | ||||||||||||
| 6 ANALYSIS OF NET ASSETS BETWEEN FUNDS |
||||||||||||||
| General | Designated | |||||||||||||
| Unrestricted | Unrestricted | Restricted | Total | |||||||||||
| Fund | Fundsf | Fundf | F | |||||||||||
| Tangible fixed assets | 2,962 | 2,962 | ||||||||||||
| Cash at bank and in hand | 154,349 | 114,556 | 135,439 | 404,344 | ||||||||||
| Other net current assets | (46,214) | 46,214 | ||||||||||||
| 111,097 | 114,556 | 135,439 | 361,092 | |||||||||||
| 7 ANALYSIS OF FUNDS |
MOVEMENTS | |||||||||||||
| t Apnl 202C 2 |
msources 2 |
Expenditure | Transfers 2 |
st March 202t f |
||||||||||
| Unrestricted Funds |
||||||||||||||
| General | 115,621 | 220,902 | (210,631) | (14,795) | 111,097 | |||||||||
| These are funds which can be used in accordance | with the | |||||||||||||
| charitable objects at the discretion ofthe Directors |
||||||||||||||
| Designated —Artistic programme | research | & | 13,614 | (2,000) | 11,614 | |||||||||
| development | ||||||||||||||
| This isa fund set aside by the Directors | out ofunrestncted | general | ||||||||||||
| funds for research & development |
||||||||||||||
| Designated —creative producer | 14,137 | (2,000) | 12,137 | |||||||||||
| This isa fund set aside by the Directors | out ofunrestricted | general | ||||||||||||
| funds for the Creative Producer scheme | end for creative | |||||||||||||
| apprendceships | ||||||||||||||
| Designated —premises (including |
display | 14,114 | 14,114 | |||||||||||
| equipment storage) &relocation |
||||||||||||||
| This isa fund set aside by the Directors | out ofunrestricted | general | ||||||||||||
| funds for future relocation costs | ||||||||||||||
| Designated —IT renewal | 12,095 | (2,704) | 9,391 | |||||||||||
| This is a fund set aside by the Directors | out ofunrestricted | general | ||||||||||||
| funds for computer and other ITprojects |
||||||||||||||
| Designated —Fundraising/business | development | 62,500 | 4,800 | 67,300 | ||||||||||
| This isa fund arising from an Arts Council | Catalyst | Evolve | match | |||||||||||
| funding scheme, set aside for fundraising |
activities | and bounces | ||||||||||||
| development | ||||||||||||||
| Total Unrestricted Funds |
232,081 | 220,902 | (210,631) | (16,699) | 225,653 | |||||||||
| Restricted Funds | 171,587 | 31,750 | (84,538) | 16,640 | 135,439 | |||||||||
| These are funds that can only be used for | particular | restricted | ||||||||||||
| purposes within the objects ofthe charity |
Restrictions ense | when | ||||||||||||
| specified by the donor orwhen funds are raised for |
particular | |||||||||||||
| restricted purposes |
||||||||||||||
| 403,668 | 252,652 | (295,169) | (59) | 361,092 |