##
##
##
##
||||||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||