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2021-03-31-accounts

	HE	ART N SOUL
		Contents
			Page
Trustees' Annual Report			2-11
Independent Auditor's	Report		12-15
Statement of Financial	Activities		16
Balance Sheet			17
Cash Flow Statement			18
Notes to the Financial	Statements		19-27

				Total	Total
		Unrestricted	Restricted	Funds	Funds
Income	Notes	Funds	Funds f	2021	2020
Donations and grants	2	449,035	899,576	1,348,611	1,318,210
Charitable activities	3	25,011		25,011	46,865
Investments	4	216		216	308
Total		474,262	899,576	1,373,838	1,365,383
Raising funds	5	47,780		47,780	41,416
Charitable activities	6	358,644	910,076	1,268,720	1,244,874
Total		406,424	910,076	1,316,500	1,286,290
Net income I(expenditure)	10	67,838	(10,500)	57,338	79,093
Transfers between funds	17
Net movement in funds		67,838	(10,500)	57,338	79,093
Reconciliation offunds
Balance brought forward	17	237,136	10,500	247,636	168,543
Balance carried forward	17	6304,974	ENiI	f304,974	f247,636

			2021	2020
			F	E
Cash flows from operating activities:
Net movement in funds per Statement of Financial		Activities	57,338	79,093
Adjustments for:
Depreciation			6,167	5,039
Losses on disposal oftangible fixed assets			490
(Increase)/decrease in debtors			14,714	25,987
Increase/(decrease) in creditors			(30,133)	1,998
Net cash provided byl(used in) operating	activities		48,576	112,117
Cash flows from investing activities:
Purchase oftangible fixed assets			(8,092)	(5,492)
Net cash provided by/(used in) investing	activities		(8,092)	(5,492)
Increase/(decrease) in cash			40,484	106,625
Cash and cash equivalents brought forward			282,434	175,809
Cash and cash equivalents carried forward			6322,918	8282,434
Analysis ofcash and cash equivalents			2021 E	2020 f
Cash at bank and in hand			F322,918	F282,434

2.	DONATIONS	AND GRANTS	AND GRANTS	Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
				F			F
	Multi-disciplinary		arts	115,624	65,415	181,039	217,837
	Taking part			327,319	333,342	660,661	596,822
	The Hub				497,819	497,819	499,618
	Sharing			6,092	3,000	9,092	3,933
				F449,035	F899,576	F1,348,611	61,318,210

INCOME FROM CHARITABL	E	ACTIVITIES
		Unrestricted	Restricted		Total	Total
		funds		Funds	2021	2020
		E		F	E	E
Boxoffice fees and commissions		25,011				46,865
		F25,011		FNil	FNil	L46,865
All ofthe F46,865 recognised	in	2020 was unrestricted		funds.
INVESTMENT INCOME		Unrestricted	Restricted		Total	Total
		funds		Funds	2021	2020
Bank interest		F216		ENii	f216	6308

COST OF	RAISING FUNDS	Direct	Support	Total	Total
		costs	costs	2021	2020
			E		E
Fundraising	consulting	E47,780	ENil	E47,780	E41,416

EXPENDITURE	ON CH	ARITABLE A	CTIVITIES
			Other	Support
			Direct	Costs	Total	Total
			Costs	(Note 7)	2021	2020
				E	E
Multi-disciplinary	arts		84,794	17,294	157,227	181,844
Taking Part			207,709	79,259	529,758	481,948
The Hub			369,431	24,841	573,206	577,629
Sharing			581	1,895	8,529	3,453
		E482,916	E662,515	E123,289	E1,268,720	E1,244,874

	respect of Heart n S	respect of Heart n S	respect of Heart n S	ou	l at T	he Hub.
7.	SUPPORT COSTS					General		Governance	Total	Total
						Office	Premises	(Note 8)	2021	2020
						E	E	E		E
	Multi-disciplinary		arts			11,235	5,636	423	17,294	18,341
	Taking Part					51,886	25,510	1,863	79,259	70,109
	The Hub					17,560	5,908	1,373	24,841	29,280
	Sharing					1,231	618	46	1,895	1,461
						E81,912	E37,672	E3,705	E123,289	E119,191
8.	GOVERNANCE		COSTS						2021	2020
									E	E
	Auditors'	remuneration			and	related costs			3,285	3,205
	AGM and	Trustees'		meetings					420	845
									E3,705	E4,050

	FOR THE YEAR END	FOR THE YEAR END	ED 31 MARCH 2	ED 31 MARCH 2	021
13.	TANGIBLE FIXEDASSETS		Technical		Office
			Equipment		Equipment	Total
			L
	Cost
	Balance at 1 April 2020		26,630		52,020	78,650
	Additions				8,092	8,092
	Disposals				(14,534)	(14,534)
	Balance at 31 March 2021		26,630		45,578	72,208
	Depreciation
	Brought forward at 1 April 2020		25,399		44,280	69,679
	Charge for year			769	5,398	6,167
	Eliminated on disposal				(14,044)	(14,044)
	Balance at 31 March 2020		26,168		35,634	61,802
	Net book value
	As at 31 March 2021		F462		E9,944	F10,406
	As at 31 March 2020		61,231		F7,740	E8,971
14.	DEBTORS				2021	2020
					F	E
	Trade debtors				2,300	4,518
	Accrued income				113,718	119,401
	Other debtors				6,126	4,599
	Prepayments				9,100	17,440
					F131,244	8145,958
15.	CREDITORS: Amounts	falling due within	one year		2021	2020
						E
	Trade creditors				22,695	12,042
	Social security and other	taxes			2,759	2,900
	Other creditors				2,882	5,914
	Accruals				43,860	35,700
	Deferred income (see note 16)				87,398	133,171
					L159,594	6189,727

	FOR THE	YEAR ENDED 31	MARCH 20	21
16.	DEFERRED INCOME	Balance	Additions	Released	Balance
		brought	in	To	Carried
		forward	year	Income	Forward
	Grants and donations	f133,171	F87,398	f(133,171)	f87,398

budgets
MOVEMENT	IN		Balance	Movement		in		Balance
FUNDS			At	Resources			Transfers	At
			1 April	Income	Expenditure			31 INarch
			2020 f.					2021f
Unrestricted	funds
General funds			237,136	474,262		406,424		304,974
			237,136	474,262		406,424		304,974
Restricted funds
Multi-disciplinary		arts		65,415		65,415
Taking Part			10,500	333,342		343,842
The Hub				497,819		497,819
Sharing				3,000		3,000
			10,500	899,576		910,076
Total funds			f247,636	f1,373,838	61,316,500		fNil	f304,974

Comparative in	form	ation	for the net m	ovement in funds is	ovement in funds is	as follows
			Balance	Movement		in		Balance
			Al	Resources			Transfers	Al
			1 April	Income	Expenditure			31 March
			2019					2020
			f					f
Unrestricted	funds
General funds			167,583	462,367		392,814		237,136
			167,583	462,367		392,814		237,136
Restricted funds
Multi-disciplinary		arts		91,512		91,512
Taking Part			960	309,386		299,846		10,500
The Hub				499,618		499,618
Sharing				2,500		2,500
			960	903,016		893,476		10,500
Total funds			f168,543	f1,365,383	f1,286,290		fNil	f247,636

ANALY	SIS OF NET ASSETS	BETWEEN FUNDS
		Unrestricted	Restricted	Total Funds
		Funds f	Funds f	2021
Tangible	fixed assets	10,406		10,406
Current	assets	341,849	112,313	454,162
Current	liabilities	(47,281)	(112,313)	(159,594)
		f304,947	fNil	f304,974

Compara	tive information for th	e analysis ofnet assets	between fund	s is as follows;
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
			f	f
Tangible	fixed assets	8,971		8,971
Current	assets	270,530	157,862	428,392
Current	liabilities	(42,365)	(147,362)	(189,727)
		f237,136	f10,500	f247,636

Total future	Total future	minimum	lease payments	under non-cancellable operating	leases are as
follows:
				2021	2020
					L
Amounts	due within:
One year				10,037	9,739
One to five		years		11,349	14,355
				621,386	624,094