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2022-03-31-accounts
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| Reference |
and Administrative |
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Details ofthe Charitable |
Company, |
its Trustees and |
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| Advisers |
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| Chairman's |
Statement |
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2-3 |
| Trustees' |
Report |
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4-9 |
Independent
Examiner's |
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Report |
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10 |
| Statement |
of Financial |
Activities |
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| Balance Sheet |
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12-13 |
| Notes to the Financial Statements |
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14-29 |
| Trustees |
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Yinnon Ezra MBE, Chair (appointed |
Yinnon Ezra MBE, Chair (appointed |
Yinnon Ezra MBE, Chair (appointed |
Yinnon Ezra MBE, Chair (appointed |
Yinnon Ezra MBE, Chair (appointed |
4 February |
4 February |
4 February |
2019) |
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Dorothy Baverstock, |
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Trustee |
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(appointed |
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November 2017) |
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John Dumper, |
Trustee |
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(appointed |
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6 February 2018) |
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David Nicholas |
Alwyne |
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Drew, |
Trustee (appointed
21 January 2014) |
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Michael
Edward Johnson, Trustee |
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(appointed
31 January 2013) |
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Roy James Perry, Trustee (appointed) |
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Michael Robert Moore, |
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Trustee (appointed) |
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Sybil Margaret |
Warner, |
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Trustee (appointed |
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14April 2016) |
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Julie Patricia |
Drury, |
Trustee |
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(appointed |
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3 |
February 2015, resigned |
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14 November |
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2021) |
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| Company |
registered |
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| number |
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02638807 |
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| Charity registered |
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| number |
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1007799 |
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| Registered |
office |
Tranquillity |
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2 Buckholt Road |
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Broughton |
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Hampshire |
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SO20 8DA |
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| Company |
secretary |
M Moore |
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| Accountants |
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BRC Accountants |
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Suite 2 Healey |
House |
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Dene Road |
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Andover |
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Hampshire |
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SP102AA |
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| Bankers |
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CAF Bank |
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25 Kings
Hill Avenue |
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Kings
Hill |
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West Mailing |
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Kent |
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ME194JQ |
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| Solicitors |
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M Moore |
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Tranquillity |
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2 Buckholt Road |
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Broughton |
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Hampshire |
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SO20 8DA |
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Restricted |
Unrestricted |
Total |
Total |
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funds |
funds |
funds |
funds |
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2022 |
2022 |
2022 |
2021 |
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Note |
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| Income from: |
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Donations
and legacies |
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15,570 |
15,000 |
30,570 |
13,902 |
| Investments |
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677 |
677 |
663 |
| Other income |
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2,661 |
2,661 |
495 |
| Total income |
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15,570 |
18,338 |
33,908 |
15,060 |
Expenditure
on: |
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Charitable
activities |
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37,874 |
5,967 |
43,841 |
16,385 |
| Other expenditure |
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396 |
| Total expenditure |
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37,874 |
5,967 |
43,841 |
16,781 |
| Net (expenditure)/income |
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before net |
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| gains on investments |
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(22,304) |
12,371 |
(9,933) |
(1,721) |
| Net gains on investments |
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268 |
268 |
1,839 |
| Net (expenditure)/income |
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(22,304) |
12,639 |
(9,665) |
118 |
Transfers
between |
funds |
|
17 |
(292) |
292 |
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Net movement
in |
funds |
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(22,596) |
12,931 |
(9,665) |
118 |
Reconciliation
of |
funds: |
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| Total funds brought |
forward |
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40,286 |
10,184 |
50,470 |
50,352 |
Net movement
in funds |
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(22,596) |
12,931 |
(9,665) |
118 |
| Total funds carried forward |
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17,690 |
23,115 |
40,805 |
50,470 |
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Note |
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2022 |
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2021f |
| Fixed assets |
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| Tangible assets |
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12 |
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264 |
| Investments |
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13 |
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19,683 |
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19,415 |
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19,683 |
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19,679 |
| Current assets |
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| Debtors |
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270 |
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| Cash at bank and in |
hand |
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23,210 |
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31,871 |
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23,210 |
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32,141 |
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| Creditors: amounts |
falling |
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due within one |
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| year |
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15 |
(2,088) |
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(1,350) |
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| Net current assets |
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21,122 |
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30,791 |
| Total assets less current |
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|
liabilities |
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40,805 |
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50,470 |
| Net assets excluding |
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pension asset |
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40,805 |
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50,470 |
| Total net assets |
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40,805 |
|
50,470 |
| Charity funds |
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| Restricted funds |
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17 |
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17,690 |
|
40,286 |
Unrestricted
funds |
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17 |
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23,115 |
|
10,184 |
| Total funds |
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40,805 |
|
50,470 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
| Grants |
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| Borough of Culture Legacy |
3,000 |
|
3,000 |
| Test Valley Borough of Culture |
12,570 |
|
12,570 |
| Subtotal detailed disclosure |
15,570 |
|
15,570 |
| Donations |
|
15,000 |
15,000 |
| Subtotal |
|
15,000 |
15,000 |
| Total 2022 |
15,570 |
15,000 |
30,570 |
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Restricted |
Total |
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|
funds |
funds |
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|
2021 |
2021 |
| Grants |
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| The Arts Society |
|
1,332 |
1,332 |
| Borough of Culture Legacy |
|
12,570 |
12,570 |
| Subtotal detailed disclosure |
|
13,902 |
13,902 |
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Total 2021 |
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| 4. |
Investment |
income |
| Restricted |
Total |
| funds |
funds |
| 2021 |
2021 |
| 13,902 |
13,902 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
| Income from UK listed investments |
677 |
677 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
| Income from UK listed investments |
660 |
660 |
| Bank interest receivable |
3 |
3 |
|
663 |
663 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
| Book Sales |
1,945 |
1,945 |
| Workshop fees |
716 |
716 |
|
2,661 |
2,661 |
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Grants to |
Grants to |
Total |
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Institutions |
Individuals |
funds |
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2022 |
2022 |
2022 |
| Grant |
funding |
of |
activities |
|
1,000 |
1,000 |
| Grants to |
Grants to |
Total |
| Institutions |
Individuals |
funds |
| 2021 |
2021 |
2021f |
| 850 |
500 |
1,350 |
| Restricted |
Unrestricted |
|
| funds |
funds |
Total |
| 2022 |
2022 |
2022 |
| 37,874 |
5,967 |
43,841 |
| Restricted |
Unrestricted |
|
| funds |
funds |
Total |
| 2021 |
2021f |
2021f |
| 9,516 |
6,869 |
16,385 |
| Unrestricted |
Total |
| funds |
funds |
| 2021f |
2021f |
| 396 |
396 |
|
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Activities |
Grant |
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|
undertaken |
funding
of |
Support |
Total |
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|
directly |
activities |
costs |
funds |
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|
2022 |
2022 |
2022 |
2022 |
| Direct |
Costs |
38,462 |
1,000 |
4,379 |
43,841 |
| Analys |
is of expenditure
by a |
ctivities (continued) |
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Activities |
Grant |
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undertaken |
funding ot |
Support |
Total |
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|
directly |
activities |
costs |
funds |
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|
2021 |
2021f |
2021 |
2021 |
| Direct |
Costs |
8,166 |
1,350 |
6,869 |
16,385 |
|
Total |
Total |
|
funds |
funds |
|
2022 |
2021 |
| Art Bus |
342 |
|
| ACE |
25,141 |
1,245 |
| Digital Tapestry Project |
|
2,659 |
| Test Valley Borough of Culture |
12,979 |
4,262 |
|
38,462 |
8,166 |
|
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Total |
Total |
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|
funds |
funds |
|
|
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|
2022 |
2021 |
| Consultant |
Development |
|
officer |
2,500 |
5,035 |
| Expenses |
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|
357 |
191 |
| Accountancy |
|
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|
2,419 |
850 |
| Other governance |
|
costs |
|
739 |
793 |
| (Profit)/loss |
on disposal |
|
of fixed assets |
(1,636) |
|
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|
4,379 |
6,869 |
| Independent |
examiner's
rem |
uneration |
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|
2022 |
2021 |
| Fees payable |
to the Charitable |
Company's |
independent |
examiner |
for the |
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| independent |
examination
of the Charitable |
|
Company's |
annual accounts |
|
250 |
|
| Fees payable |
to the Charitable |
Company's |
independent |
examiner |
in respect |
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| of: |
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| All other services not included |
|
above |
|
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|
2,169 |
850 |
|
Motor |
|
vehicles |
| At 1 April 2021 |
2,640 |
| Disposals |
(2,640) |
| At 31 March 2022 |
|
| At 1 April 2021 |
2,376 |
| On disposals |
(2,376) |
| At 31 March 2022 |
|
| Net book value |
|
| At 31 March 2022 |
|
| At31March 2021 |
264 |
|
|
Listed |
|
|
investments |
| Cost or valuation |
|
|
| At 1 April 2021 |
|
19,415 |
| Revaluations |
|
268 |
| At 31 March 2022 |
|
19,683 |
| Net book value |
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|
| At 31 March 2022 |
|
19,683 |
| At31March 2021 |
|
19,415 |
| All investments |
are in listed UK quoted shares. |
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| The investments |
have a historical cost of220,000(2021:220,000). |
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2022 |
2021 |
| Due |
within |
one |
year |
|
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| VAT |
|
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|
270 |
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|
270 |
|
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|
2022 |
2021 |
| Accruals |
and |
deferred |
income |
2,088 |
1,350 |
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|
2022 |
2021 |
| Financial |
assets |
|
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|
|
|
| Financial |
assets measured |
at fair value through |
|
income and expenditure |
|
|
19,683 |
19,415 |
| Financial |
assets that are debt instruments |
|
measured |
|
at amortised |
cost |
23,210 |
32,405 |
|
|
|
|
|
|
|
42,893 |
51,820 |
|
|
|
|
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|
2022 |
2021 |
| Financial |
liabilities |
|
|
|
|
|
|
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| Financial |
liabilities measured |
at amortised |
cost |
|
|
|
2,088 |
1,350 |
| Items of income, expense, |
gains or loss |
es |
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Net gains |
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Income |
/(losses) |
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E |
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| 2022 |
|
|
|
|
|
|
| Financial assets measured |
at fair value |
through |
income |
|
|
|
| and expenditure |
|
|
|
677 |
|
268 |
| Financial assets measured |
at amortised |
cost |
|
|
|
|
| 2021 |
|
|
|
|
|
|
| Financial assets measured |
at fair value |
through |
income |
|
|
|
| and expenditure |
|
|
|
|
660 |
1,839 |
| Financial assets measured |
at amortised |
cost |
|
|
3 |
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Balance at |
|
Balance at 1 |
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Transfers |
Gains/ |
31 March |
|
April 2021 |
Income |
Expenditure |
in/out |
(Losses) |
2022 |
| Unrestricted |
|
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| funds |
|
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| Designated |
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| funds |
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| Live, Laugh, |
|
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| Love |
|
|
|
292 |
|
292 |
| Test Valley |
|
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| Tales 2 |
|
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|
1,945 |
|
1,945 |
|
|
|
|
2,237 |
|
2,237 |
| Generalfunds |
|
|
|
|
|
|
General
Funds |
10,184 |
18,338 |
(5,967) |
(1,945) |
268 |
20,878 |
| Total |
|
|
|
|
|
|
| Unrestricted |
|
|
|
|
|
|
| funds |
10,184 |
18,338 |
(5,967) |
292 |
268 |
23,115 |
| Restricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Live, Laugh, |
|
|
|
|
|
|
| Love |
292 |
|
|
(292) |
|
|
| Colvin Artist |
|
|
|
|
|
|
| Award |
1,600 |
|
(1,000) |
|
|
600 |
| Test Valley |
|
|
|
|
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| Borough of |
|
|
|
|
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| Culture |
27,069 |
3,000 |
(12,979) |
|
|
17,090 |
| Borough of |
|
|
|
|
|
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| Culture Legacy |
11,325 |
12,570 |
(23,895) |
|
|
|
|
40,286 |
15,570 |
(37,874) |
(292) |
|
17,690 |
| Total offunds |
50,470 |
33,908 |
(43,841) |
|
268 |
40,805 |
| Statement |
offunds - prior year |
|
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|
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|
|
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|
|
Balance at |
|
|
Balance at |
|
|
Gainsr |
31March |
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|
1 April 2020 |
Income |
Expenditure |
(Losses) |
2021 |
| Unrestricted |
funds |
|
|
|
|
|
General
Funds |
|
14,452 |
1,158 |
(7,265) |
1,839 |
10,184 |
| Restricted |
funds |
|
|
|
|
|
| Live, Laugh, |
Love |
292 |
|
|
|
292 |
| Colvin Artist |
Award |
2,100 |
|
(500) |
|
1,600 |
| Test Valley |
Borough of Culture |
33,508 |
|
(6,439) |
|
27,069 |
| Digital Tapestry Project |
|
|
1,332 |
(1,332) |
|
|
| Borough of |
Culture Legacy |
|
12,570 |
(1,245) |
|
11,325 |
|
|
35,900 |
13,902 |
(9,516) |
|
40,286 |
| Total offunds |
|
50,352 |
15,060 |
(16,781) |
1,839 |
50,470 |
Summary
offun |
ds -current year |
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
Transfers |
Gains/ |
31 March |
|
April 2021 |
Income |
Expenditure |
in/out |
(Losses) |
2022 |
| Designated |
|
|
|
|
|
|
| funds |
|
|
|
2,237 |
|
2,237 |
| General funds |
10,184 |
18,338 |
(5,967) |
(1,945) |
268 |
20,878 |
| Restricted funds |
40,286 |
15,570 |
(37,874) |
(292) |
|
17,690 |
|
50,470 |
33,908 |
(43,841) |
|
268 |
40,805 |
Summary
offunds - pri |
or year |
|
|
|
|
|
|
|
|
|
Balance at |
|
Balance at |
|
|
Gains' |
31March |
|
1 April 2020 |
Income |
Expenditure |
(Losses)f |
2021 |
| General funds |
14,452 |
1,158 |
(7,265) |
1,839 |
10,184 |
| Restricted funds |
35,900 |
13,902 |
(9,516) |
|
40,286 |
|
50,352 |
15,060 |
(16,781) |
1,839 |
50,470 |
Analysis
of net assets between funds - curre |
nt year |
|
|
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
|
R |
|
| Fixed asset investments |
|
19,683 |
19,683 |
| Current assets |
17,690 |
5,520 |
23,210 |
| Creditors due within one year |
|
(2,088) |
(2,088) |
| Total |
17,690 |
23,115 |
40,805 |
| Analysis of net assets between funds - prior |
year |
|
|
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
| Tangible fixed assets |
|
264 |
264 |
| Fixed asset investments |
|
19,415 |
19,415 |
| Current assets |
40,286 |
(8,145) |
32,141 |
| Creditors due within one year |
|
(1,350) |
(1,350) |
| Tl |
40,286 |
10,184 |
50,470 |