## ## ## |||||||Page| |---|---|---|---|---|---|---| |Reference|and Administrative||Details ofthe Charitable|Company,|its Trustees and|| |Advisers||||||| |Chairman's|Statement|||||2-3| |Trustees'|Report|||||4-9| |Independent
Examiner's||Report||||10| |Statement|of Financial|Activities||||| |Balance Sheet||||||12-13| |Notes to the Financial Statements||||||14-29| ## ## |Trustees||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)|| |---|---|---|---|---|---|---|---|---|---|---|---| |||Dorothy Baverstock,||Trustee||(appointed||14|November 2017)||| |||John Dumper,|Trustee||(appointed||6 February 2018)||||| |||David Nicholas|Alwyne||Drew,|Trustee (appointed
21 January 2014)|||||| |||Michael
Edward Johnson, Trustee|||||(appointed
31 January 2013)||||| |||Roy James Perry, Trustee (appointed)|||||||||| |||Michael Robert Moore,|||Trustee (appointed)||||||| |||Sybil Margaret|Warner,||Trustee (appointed||||14April 2016)||| |||Julie Patricia|Drury,|Trustee||(appointed||3|February 2015, resigned||14 November| |||2021)|||||||||| |Company|registered||||||||||| |number||02638807|||||||||| |Charity registered|||||||||||| |number||1007799|||||||||| |Registered|office|Tranquillity|||||||||| |||2 Buckholt Road|||||||||| |||Broughton|||||||||| |||Hampshire|||||||||| |||SO20 8DA|||||||||| |Company|secretary|M Moore|||||||||| |Accountants||BRC Accountants|||||||||| |||Suite 2 Healey|House||||||||| |||Dene Road|||||||||| |||Andover|||||||||| |||Hampshire|||||||||| |||SP102AA|||||||||| |Bankers||CAF Bank|||||||||| |||25 Kings
Hill Avenue|||||||||| |||Kings
Hill|||||||||| |||West Mailing|||||||||| |||Kent|||||||||| |||ME194JQ|||||||||| |Solicitors||M Moore|||||||||| |||Tranquillity|||||||||| |||2 Buckholt Road|||||||||| |||Broughton|||||||||| |||Hampshire|||||||||| |||SO20 8DA|||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds| |||||2022|2022|2022|2021| ||||Note||||| |Income from:|||||||| |Donations
and legacies||||15,570|15,000|30,570|13,902| |Investments|||||677|677|663| |Other income|||||2,661|2,661|495| |Total income||||15,570|18,338|33,908|15,060| |Expenditure
on:|||||||| |Charitable
activities||||37,874|5,967|43,841|16,385| |Other expenditure|||||||396| |Total expenditure||||37,874|5,967|43,841|16,781| |Net (expenditure)/income||before net|||||| |gains on investments||||(22,304)|12,371|(9,933)|(1,721)| |Net gains on investments|||||268|268|1,839| |Net (expenditure)/income||||(22,304)|12,639|(9,665)|118| |Transfers
between|funds||17|(292)|292||| |Net movement
in|funds|||(22,596)|12,931|(9,665)|118| |Reconciliation
of|funds:||||||| |Total funds brought|forward|||40,286|10,184|50,470|50,352| |Net movement
in funds||||(22,596)|12,931|(9,665)|118| |Total funds carried forward||||17,690|23,115|40,805|50,470| ## ## ## |||||Note||2022||2021f| |---|---|---|---|---|---|---|---|---| |Fixed assets||||||||| |Tangible assets||||12||||264| |Investments||||13||19,683||19,415| |||||||19,683||19,679| |Current assets||||||||| |Debtors|||||||270|| |Cash at bank and in|hand||||23,210||31,871|| ||||||23,210||32,141|| |Creditors: amounts|falling||due within one|||||| |year||||15|(2,088)||(1,350)|| |Net current assets||||||21,122||30,791| |Total assets less current|||liabilities|||40,805||50,470| |Net assets excluding||pension asset||||40,805||50,470| |Total net assets||||||40,805||50,470| |Charity funds||||||||| |Restricted funds||||17||17,690||40,286| |Unrestricted
funds||||17||23,115||10,184| |Total funds||||||40,805||50,470| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ||Restricted|Unrestricted|Total| |---|---|---|---| ||funds|funds|funds| ||2022|2022|2022| |Grants|||| |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| |||Restricted|Total| |||funds|funds| |||2021|2021| |Grants|||| |The Arts Society||1,332|1,332| |Borough of Culture Legacy||12,570|12,570| |Subtotal detailed disclosure||13,902|13,902| ## ## ## ||Total 2021|| |---|---|---| |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| ## ## ## ## ## ## |||||Grants to|Grants to|Total| |---|---|---|---|---|---|---| |||||Institutions|Individuals|funds| |||||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| ## |||Activities|Grant||| |---|---|---|---|---|---| |||undertaken|funding
of|Support|Total| |||directly|activities|costs|funds| |||2022|2022|2022|2022| |Direct|Costs|38,462|1,000|4,379|43,841| ## ## ## |Analys|is of expenditure
by a|ctivities (continued)|||| |---|---|---|---|---|---| |||Activities|Grant||| |||undertaken|funding ot|Support|Total| |||directly|activities|costs|funds| |||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| ## |||||Total|Total| |---|---|---|---|---|---| |||||funds|funds| |||||2022|2021| |Consultant|Development||officer|2,500|5,035| |Expenses||||357|191| |Accountancy||||2,419|850| |Other governance||costs||739|793| |(Profit)/loss|on disposal||of fixed assets|(1,636)|| |||||4,379|6,869| ## ## |Independent|examiner's
rem|uneration|||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |Fees payable|to the Charitable|Company's|independent|examiner|for the||| |independent|examination
of the Charitable||Company's|annual accounts||250|| |Fees payable|to the Charitable|Company's|independent|examiner|in respect||| |of:|||||||| |All other services not included||above||||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||| |At 31 March 2022||19,683| |At31March 2021||19,415| |All investments|are in listed UK quoted shares.|| |The investments|have a historical cost of220,000(2021:220,000).|| ## |||||2022|2021| |---|---|---|---|---|---| |Due|within|one|year||| |VAT|||||270| ||||||270| |||||2022|2021| |---|---|---|---|---|---| |Accruals|and|deferred|income|2,088|1,350| ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| |Financial|assets|||||||| |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| ||||||||2022|2021| |Financial|liabilities|||||||| |Financial|liabilities measured|at amortised|cost||||2,088|1,350| |Items of income, expense,|gains or loss|es||||| |---|---|---|---|---|---|---| |||||||Net gains| ||||||Income|/(losses)| ||||||E|| |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|| ## ## ## |||||||Balance at| |---|---|---|---|---|---|---| ||Balance at 1|||Transfers|Gains/|31 March| ||April 2021|Income|Expenditure|in/out|(Losses)|2022| |Unrestricted||||||| |funds||||||| |Designated||||||| |funds||||||| |Live, Laugh,||||||| |Love||||292||292| |Test Valley||||||| |Tales 2||||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||||||| |Borough of||||||| |Culture|27,069|3,000|(12,979)|||17,090| |Borough of||||||| |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|||||| |---|---|---|---|---|---|---| |||||||Balance at| |||Balance at|||Gainsr|31March| |||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| ## ##