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||HE|ART
N SOUL||
|---|---|---|---|
|||Contents||
||||Page|
|Trustees'
Annual
Report|||2- 10|
|Independent
Auditor's|Report||11-14|
|Statement
of Financial|Activities||15|
|Balance Sheet|||16|
|Cash Flow Statement|||17|
|Notes to the Financial|Statements||18-26|
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Funds|Funds|
||||Notes|Funds|Funds|2022|2021|
|Income|||||E|||
|Donations|and grants||2|481,678|602,116|1,083,794|1,348,611|
|Charitable|activities||3|17,251||17,251|25,011|
|Investments|||4|385||385|216|
|Total||||499,314|602,116|1,101,430|1,373,838|
|Raising funds|||5|52,320||52,320|47,780|
|Charitable|activities||6|444,115|595,716|1,039,831|1,268,720|
|Total||||496,435|595,716|1,092,151|1,316,500|
|Net income I(expenditure)|||10|2,879|6,400|9279|57338|
|Transfers|between funds||17|6,400|(6,400)|||
|Net movement||in funds||9,279||9,279|57,338|
|Reconciliation||offunds||||||
|Balance brought||forward|17|304,974||304,974|247,636|
|Balance carried||forward|17|F314,253|ENil|f314,253|8304,974|
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|||||2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating
activities:||||||
|Net movement
in funds per Statement|of Financial||Activities|9,279|57,338|
|Adjustments
for:||||||
|Depreciation||||6,587|6,167|
|Losses on disposal oftangible
fixed|assets||||490|
|(increase)/decrease
in debtors||||103,474|14,714|
|Increase/(decrease)
in creditors||||22,064|(30,133)|
|Net cash provided byi(usedin)
operating||activities||141,404|48,576|
|Cash flows from investing
activities:||||||
|Purchase oftangible
fixed assets||||(6,400)|(8,092)|
|Net cash provided byl(usedin)
investing||activities||(6,400)|(8,092)|
|Increase/(decrease)
in cash||||135,004|40,484|
|Cash and cash equivalents
brought
forward||||322,918|282,434|
|Cash and cash equivalents
carried forward||||F457,922|F322,918|
|Analysis ofcash and cash equivalents||||2022|2021|
|||||E|F|
|Cash at bank and
in hand||||F457,922|f322,918|
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|2.|DONATIONS|AND GRANTS|AND GRANTS|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|2022|2021|
||||||F|E||
||Multi-disciplinary||arts|134,876|36,816|174,752|181,039|
||Taking part|||332,347|294,584|637,240|660,661|
||The Hub||||73,913|73,913|497,819|
||Sharing|||14,455||1,086|9,092|
||Believe in Us||||196,803|196,803||
|||||6481,678|6602,116|E1,083,794|F1,348,611|
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|3.|INCOME FROM CHARITABL|E|ACTIVITIES|||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Total|Total|
||||funds||Funds|2022|2021|
|||||||F||
||Box office fees and commissions||17,251|||17,251|25,011|
||||617,251||ENil|f17,251|f25,011|
||All of the f25,011 recognised|in|2021 was unrestricted||funds.|||
|4.|INVESTMENT INCOME||Unrestricted|Restricted||Total|Total|
||||funds||Funds|2022|2021|
||Bank interest||f385||ENil|F385|f216|
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|COST OF|RAISING FUNDS|Direct|Support|Total|Total|
|---|---|---|---|---|---|
|||costs|costs|2022|2021|
|Fundraising|consulting|252,320||F52,320|F47,780|
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|EXPENDITURE|ON CH|ARITABLE A|CTIVITIES||||
|---|---|---|---|---|---|---|
||||Other|Support|||
|||Staffing|Direct|Costs|Total|Total|
|||Costs|Costs|(Note 7)|2022|2021|
|||||F|||
|Multi-disciplinary|arts|53,669|98,919|19,715|172,303|157,227|
|Taking Part||269,944|227,881|98,132|595,957|529,758|
|The Hub||11,407|56,107||67,514|573,206|
|Sharing||4,872|591|1,791|7,254|8,529|
|Believe in Us||51,172|145,631||196,803||
|||F391,064|F529,129|f119,638|E1,039,831|f1,268,720|
||Heart
n Soul at The|Heart
n Soul at The|Heart
n Soul at The|H|ub.||||||
|---|---|---|---|---|---|---|---|---|---|---|
|7.|SUPPORT COSTS|||||General||Governance|Total|Total|
|||||||Office|Premises|(Note 8)|2022|2021|
|||||||F||E|||
||Multi-disciplinary||arts|||12,260|6,830|625|19,715|17,294|
||Taking Part|||||61,926|33,062|3,145|98,133|79,259|
||The Hub|||||||||24,841|
||Sharing|||||1,114|620|56|1,790|1,895|
|||||||675,300|640,512|E3,826|f119,638|F123,289|
|8.|GOVERNANCE||COSTS||||||2022|2021|
||||||||||F||
||Auditors'|remuneration|||and|related costs|||3,658|3,285|
||AGM and|Trustees'||meetings|||||168|420|
||||||||||E3,826|E3,705|
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||These funds have been fully exp|These funds have been fully exp|ended.|||
|---|---|---|---|---|---|
|10.|NET INCOME/(EXPENDITURE)||FOR THE YEAR|2022|2021|
||Net income/(expenditure)|is stated aRer charging:||||
||Operating
lease rentals|||f35,106|F28,848|
||Depreciation
oftangible|fixed assets||E6,587|E6,167|
||Auditors
remuneration|—Audit services||E3,615|F3,250|
|11.|STAFF COSTS|||2022|2021|
||Staff costs were as follows:|||F||
||Wages and salaries|||327,140|412,301|
||Social Security costs|||26,999|33,075|
||Pension costs|||28,864|29,824|
||Staff training
and recruitment|||4,330|3,711|
||Other costs|||3,731|4,005|
|||||F391,064|6482,916|
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||FOR THE YEAR EN|FOR THE YEAR EN|DED 31 MARCH 2|022||
|---|---|---|---|---|---|
|13.|TANGIBLE FIXEDASSETS||Technical|Office||
||||Equipment|Equipment|Total|
||||E|E||
||Cost|||||
||Balance at 1 April 2021||26,630|45,578|72,208|
||Additions
Disposals|||6,400|6,400|
||Balance at 31 March 2022||26,630|51,978|78,608|
||Depreciation|||||
||Brought forward at 1 April 2021||26,168|35,634|61,802|
||Charge for year||462|6,125|6,587|
||Eliminated
on disposal|||||
||Balance at 31 March 2022||26,630|41,759|68,389|
||Net book value|||||
||As at 31 March 2022||ENil|f10,219|F10,219|
||As at 31 March 2021||f462|E9,944|610,406|
|14.|DEBTORS|||2022|2021|
|||||F|F|
||Trade debtors|||4,204|2,300|
||Accrued income|||10,000|113,718|
||Other debtors|||5,129|6,126|
||Prepayments|||8,437|9,100|
|||||227,770|F131,244|
|15.|CREDITORS: Amounts|falling due within|one year|2022|2021|
||Trade creditors|||9,299|22,695|
||Social security and other|taxes||2,468|2,759|
||Other creditors|||406|2,882|
||Accruals|||24,431|43,860|
||Deferred
income (see note 16)|||145,054|87,398|
|||||F181,658|2159,594|
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|NDED 31|MARCH 20|22||
|---|---|---|---|
|Balance|Additions|Released|Balance|
|brought|in|To|Carried|
|forward|year|Income|Forward|
|287,398|F145,054|E(87,398)|f145,054|
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|Comparat|ive
in|form|atio|n
for the net m|ovement
in funds
is|ovement
in funds
is|as follows|||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance|Movement||in||Balance|
|||||At|Resources||Transfers||At|
|||||1 April|Income|Expenditure|||31 March|
|||||2020|||||2021|
|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|E1,373,838|F1,316,500||ENil|8304,974|
|ANALYSIS OF NET||||ASSETS BETWEEN FUNDS||||||
||||||Unrestricted||Restricted|Total Funds||
||||||Funds||Funds||2022|
||||||F||||E|
|Tangible|fixed|assets|||10,219||||10,219|
|Current|assets||||316,165||169,527||485,692|
|Current|liabilities||||(12,131)||(169,527)|(181,658)||
||||||6314,253||FNil|f314,253||
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|arative|information
for the ana|lysis
of net assets betw|een
funds is a|s follows:|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||F|||
|Tangible|fixed assets|10,406||10,406|
|Current|assets|341,849|112,313|454,162|
|Current|liabilities|(47,281)|(112,313)|(159,594)|
|||2304,947|ENil|f304,974|
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|Total future|Total future|minimum|lease payments|under non-cancellable|operating|leases are as|
|---|---|---|---|---|---|---|
|follows:|||||||
||||||2022|2021|
|Amounts|due within:||||||
|One year|||||9,218|10,037|
|One to five||years|||7,222|11,349|
|||||F16,440||f21,386|
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