2021-03-31-accounts

Trustees	V c Wiggins
	G Thompson
	CE Cooke
	DG Cottam
	SJ Mitchell
	D Hymers
	C Simmons
	J Blacklock
	S Finnon
	M Fay
	S Hatton Jr
	R Berkley
Chair	M Fay
Arts Council observer	A Henderson
Local Authority observer	R Jago (STC), K Dacres
Key management personnel	R Spencer (Executive Director)
Charity number	1032846
Company number	02848282
Registered office	The Customs House
	Mill Dam
	South Shields
	Tyne and Wear
	NE33 1ES
Auditor	RSM UK Audit LLP
	CharteredAccountants
	1 St. James' Gate
	Newcastle upon Tyne
	United Kingdom
	NE14AD
Bankers	HSBC Bank Pic
	110 Grey Street
	Newcastle upon Tyne
	NE1 6JG
Solicitors	PGS Law
	Law Court Chambers
	20- 22 Waterloo Square
	South Shields
	NE331AW

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
	Notes	£	£	£	£
Income and endowments from;
Donations and legacies	3	914,760	164,400	1,079,160	393,286
Charitable activities	4	108,108	20,769	128,877	1,735.262
Othertrading activities	5	41,773		41,773	660,739
Coronavirusjob retention scheme		271,100		271,100
Total income		1,335,741	185,169	1,520,910	2,789,287
Expenditure on:
Raising funds	6	166,549		166,549	532,954
Charitable activities	7	841,965	33,177	875,142	2,335,072
Total resources expended		1,008,514	33,177	1,041,691	2,868,026
Net income/(expenditure) for the year/
Net movement in funds		327.227	151,992	479,219	(78,739)
Totalfunds broughtforward		57,411	161,581	218,992	297,731
Total funds carried forward		384,638	313,573	698,211	218,992

		2021		2020
	Notes	£	£	£	£
Fixed assets
Tangible assets	11		306,725		348,628
Current assets
Stocks	13	3,765		7,519
Debtors	14	164,043		149,147
Cash at bank and in hand		596,348		116,330
		764,156		272,996
Creditors: amounts falling due within	15
one year		(371,646)		(401,258)
Net current assets/(liabilities)			392,510		(128,262)
Total assets less current liabilities			699,235		220,366
Provisions for liabilities	17		(1,024)		(1,374)
Net assets			698,211		218,992
Income funds
Restricted funds	18		313,573		161,581
Unrestricted funds
Designated funds		130,000
General unrestricted funds		254,638		57,411
			384,638		57,411
			698,211		218,992

		2021		2020
	Notes	£	£	£	£
Fixed assets
Tangible assets	11		300,362		338,940
Investments	12		100		100
			300,462		339,040
Current assets
Debtors	14	234,743		192,673
Cash atbankand in hand		521,641		76,161
		756,384		268,834
Creditors: amounts falling due within	15
one year		(360,329)		(387,659)
Netcurrentassets/(liabilities)			396,055		(118,825)
Total assets less current liabilities			696,517		220,215
Provisions for liabilities
Net assets			696,517		220,215
Income funds
Restricted funds	18		313,573		161,581
Unrestricted funds
Designated funds		130,000
General unrestrictedfunds		252,944		29,312
			382,944		58,634
			696,517		220,215

			2021		2020
	Notes	£		£	£	£
Cash flows from operating activities
Cash generated from/(absorbed by)	20
operations				480,018		(146,930)
Investing activities
Purchase oftangible fixed assets					(73,484)
Net cash used in investing activities						(73,484)
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents				480,018		(220,414)
Cash and cash equivalents atbeginning ofyear				116,330		336,744
Cash and cash equivalents at end of year				596,348		116,330

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	£	£	£	£
South Tyneside Council	280,086		280,086	157,400
Arts Council England (North East)	121,620		121,620	100,678
Arts Council Cultural Recovery Fund	255,000		255.000
Sponsorship				5,000
Covid related	54,022		54,022
Other donations	204,032	164,400	368,432	112,424
Ticketing levy				12,780
Other grants				5,004
	914,760	164,400	1,079,160	393,286
For the year ended 31 March 2020	393,286			393,286

	Theatre	Cinema	Learning and Gallery activity	Learning and Gallery activity	Total	Total
			participation		2021	2020
	£	£	£	£	£	£
Saleswithin charitable
activities	108,108	1,961	18,808		128,877	1,735,262
Analysis byfund
Unrestricted funds	108,108				108,108
Restricted funds		1,961	18,808		20,769
	108,108	1,961	18,808		128,877
For the year ended 31
March 2020
Unrestrictedfunds	1,288,966	123,341		1,142		1,413,449
Restrictedfunds			321,813			321,813
	1,288,966	123,341	321,813	1,142		1,735,262

	2021	2020
	**Unrestricted **	Unrestricted
	£	£
Other sales	7,500	40,475
Friends membership	2,145	3,590
Screen advertising		8,837
CustomSpace		62,051
Facilitation fee	8,403	10,400
Conference hire		13,911
Food and drink	23,725	520,01 O
Shows/entertainment		1,465
Othertrading activities	41,773	660,739

	2021	2020
	**Unrestricted **	Unrestricted
	£	£
Raisingfunds
Otherfundraising costs	14,583	232,249
Staff costs	129,735	258,653
Depreciation and impairment		5,768
Supportcosts	22,231	36,284
Total	166,549	532,954

	Theatre	Cinema	Learning &	GalleryGovernance	GalleryGovernance	Total	Total
			participation	activity	costs	2021	2020
	£	£	£	£	£	£	£
Staff costs	393,191		49,835	11,065		454,091	702,390
Depreciation and impairment	41,903					41,903	35,502
Direct costs	93,513	2,663	14,140			110,316	1,273,568
	528,607	2,663	63,975	11,065	-	606,310	2,011,460
Share ofsupportcosts (see note 8)	216,014		12,783	3,954		232,751	303,188
Share ofgovernance costs (see note 8)					36,081	36,081	20,424
	744,621	2,663	76,758	15,019	36,081	875,142	2,335,072
						--
Analysis by fund
Unrestricted funds	725,584	2,663	62,618	15,019	36,081	841,965
Restricted funds	19,037		14,140			33,177
	744,621	2,663	76,758	15,019	36,081	875,142
					--
For the year ended 31 March 2020
Unrestricted funds	1,724,798	144,305	127,509	30,153	20,424		2,047,189
Restrictedfunds			287,883		-		287,883
	1,724,798	144,305	415,392	30,153	20,424		2,335,072

8	Support costs
		**Support **	Governance	2021	2020	Basis of allocation
		costs	costs
		£	£	£	£
	Legal and professional	1,539		1,539	6,375	*
	Cleaning & refuse				13,240
	Postage, stationery &					l
	printing	8,113		8,113	15,846
	Computer costs	54,848		54,848	39,817
	Utilities	59,767		59,767	89,122	*
	Vehicle costs	161		161	1,836'
	Travel & entertainment				4,810	*
	Insurance	20,445		20,445	21,365	*
	Repairs and					*
	maintenance	39,623		39,623	70,531
	Sundries	(1,264)		(1,264)	3,939	*
	Subscriptions	1,117		1,117	38
	Disallowable VAT	23,982		23,982	45,000	*
	Telephones				4,354	*
	Training	6,166		6,166	4,819	*
	Consultants	19,875		19,875	275	*
	Finance charges	17,909		17,909	18,105'
	Professional indemnity					Governance
	insurance		581	581	699
	Audit and accountancy					Governance
	fees		35,500	35,500	19,725
		252,281	36.081	288,362	359.896
	Analysed between
	Fundraising	22.231		22.231	36,284
	Charitable activities	230.050	36,081	268,832	323,612
		252,281	36,081	288,362	359,896

9	Net movement in funds	2021	2020
		£	£
	Net movement in funds is stated after charging/(crediting)
	Fees payable tothe company's auditorforthe auditofthe company's
	financial statements	13,000	16,200
	Depreciation ofowned tangible fixed assets	41,903	41,270
	Operating lease charges	4,066	4,066

	2021	2020
	Number	Number
Total	46	67
Employment costs	2021	2020
	£	£
Wages and salaries	540,578	879,987
Social security costs	30,546	59,322
Other pension costs	12,702	21,734
	583,826	961,043

	2021	2020
	£	£
Gross pay	54,606	61,285
Employers national insurance	6,324	7,266
Pension costs	2,680	2,680
	63,610	71,231

11	Tangible fixed assets
	Group	Leasehold improvements	Fixtures and fittings	Total
		£	£	£
	Cost
	At 1 April 2020	227,016	532,358	759,374
	At 31 March 2021	227,016	532,358	759,374
	Depreciation and impairment
	At 1 April 2020	54,549	356,197	410,746
	Depreciation charged in the year	4,540	37,363	41.903
	At 31 March 2021	59,089	393,560	452,649
	Carrying amount
	At 31 March 2021	167.927	138,798	306.725
	At31 March 2020	172,467	176,161	348,628

	Charity	Leasehold improvements	Fixtures and fittings	Total
		£	£	£
	Cost
	At 1 April 2020	227,016	485,109	712,125
	Additions
	At 31 March 2021	227,016	485,109	712,125
	Depreciation and impairment
	At 1 April 2020	54,549	318,636	373,185
	Depreciation charged in the year	4,540	34,038	38,578
	At 31 March 2021	59,089	352,674	411,763
	Carrying amount
	At 31 March 2021	167,927	132,435	300,362
	At 31 March 2020	172,467	166,473	338,940
12	Fixed asset investments
				Other
				investments
				£
	Cost
	At 1 April 2020 & 31 March 2021			100
	Carrying amount
	At 31 March 2021			100
	At 31 March 2020			100
			2021	2020
	Summary Statement of Comprehensive		£	£
	Income
	Turnover		26,372	535,051
	Expenses		(48,096)	(540,527)
			(21,724)	(5,476)
	Taxation		350
	Other income		22,686
			1,312	(5,476)

				2021	2020
	The assets and liabilities of the subsidiary were:			£	£
	Fixed assets			6,363	9,688
	Currentassets			80,915	49,941
	Creditors: amountsfalling due within one year			(84,463)	(57,776)
	Deferred tax			(1,024)	(1,374)
	Total netassets			1,791	479
	Aggregated share capital and reserves			1,791	479
13	Stocks	Group		Charity
		2021	2020	2021	2020
		£	£	£	£
	Finished goods and goodsfor resale	3,765	7,519
		3,765	7,519
14	Debtors	Group		Charity
		2021	2020	2021	2020
	Amounts falling due within one year:	£	£	£	£
	Trade debtors	43,490	43,763	41,047	41,510
	Amounts due from group undertakings			73,143	45,779
	Other debtors	76,436	89,101	76,436	89,101
	Prepayments and accrued income	44,117	16,283	44,117	16,283
		164,043	149,147	234,743	192,673

15	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year
			Group		Charity
			2021	2020	2021	2020
		Notes	£	£	£	£
	Trade creditors		32,123	49,402	30,876	43,408
	Othertaxation and social
	security		7,797	63,444	7,797	60,869
	Other creditors		127,387	227,114	124,825	227,114
	Accruals		43,578	32,221	36,070	27,191
	Deferred income	16	160,761	29,077	160,761	29,077
			371,646	401,258	360,329	387,659

	2021	2020
	£	£
Group
Balance as at 1 April 2020	29,077	126,589
Released from previousyears	(13,476)	(126,589)
Resources deferred in the year	145,160	29,077
	160,761	29,077
	2021	2020
	£	£
Charity
Balance as at 1 April 2020	29,077	126,589
Released from previous years	(13,476)	(126,589)
Resources deferred in the year	145,160	29,077
	160,761	29,077

17	Provisions for liabilities	2021	2020
		£	£
	Deferred tax liabilities	1,024	1,374
		1,024	1,374

		Movement in funds	Movement in funds
Group	Balance at 1	Incoming	Resources	**Transfers **	Balance at 31
	April 2020	resources	expended		March 2021
	£	£	£	£	£
Unrestricted funds
General funds	57,411	1,335,741	(1,008,514)	(130,000)	254,638
Designated funds				130,000	130,000
	57,411	1,335,741	(1,008,514)		384,638
Leasehold improvements	120,606		(3,325)		117,281
Other activities	88				88
Gallery and gallery outreach	6,166	1,961			8,127
Garfield Weston		164,400	(15,712)		148,688
Learning and Participation	34,721	18,808	(14,140)		39,389
	161,581	185,169	(33,177)		313,573
Total funds	218,992	1,520,910	(1,041,691)		698,211
		Movement in funds
Charity	Balance at 1	Incoming	Resources	**Transfers **	Balance at 31
	April 2020	resources	expended		March 2021
	£	£	£	£	£
Unrestricted funds
Generalfunds	58,634	1,287,658	(963,348)	(130,000)	252,944
Designated funds				130,000	130,000
	58,634	1,287,658	(963,348)		382,944
Restricted funds
Leasehold improvements	120,606		(3,325)		117,281
Other activities	88				88
Gallery and galleryoutreach	6,166	1,961			8,127
Garfield Weston		164,400	(15,712)		148,688
Learning and Participation	34,721	18,808	(14,140)		39,389
	161,581	185,169	(33,177)		313,573
Total funds	220,215	1,472,827	(996,525)		696,517

		Movement in funds	Movement in funds
Group	Balance at 1	Incoming	Resources	**Transfers **	Balance at 31
	April 2019	resources	expended		March 2020
	£	£	£	£	£
Unrestricted funds
General funds	152,408	2,467,474	(2,580,143)	17,672	57,411
	152,408	2,467,474	(2,580,143)	17,672	57,411
Restricted funds
Leasehold improvements	123,841		(3,235)		120,606
Other activities	(160)	373	(125)		88
Gallery and gallery outreach	7,311		(1,145)		6,166
Cultural Spring	11,221	202,053	(195,602)	(17,672)
Learning and Participation	3,110	119,387	(87,776)		34,721
	145,323	321,813	(287,883)	(17,672)	161,581
Total funds	297,731	2,789.287	(2,868,026)		218,992
		Movement in funds
Charity	Balance at 1	Incoming	Resources	**Transfers **	Balance at 31
	April 2019	resources	expended		March 2020
	£	£	£	£	£
Unrestricted funds
Generalfunds	124,309	2,013,390	(2,096,737)	17,672	58,634
	124,309	2,013,390	(2,096,737)	17,672	58,634
Restricted funds
Leasehold improvements	123,841		(3,235)		120,606
Other activities	(160)	373	(125)		88
Gallery and gallery outreach	7,311		(1,145)		6,166
Cultural Spring	11,221	202,053	(195,602)	(17,672)
Learning and Participation	3,110	119,387	(87,776)		34,721
	145,323	321,813	(287,883)	(17,672)	161,581
Total funds	269,632	2,335,203	(2,384,620)		220,215

19	Analysis of net assets between funds
		Unrestricted	Restricted	Total
	Group	£	£	£
	Fund balances at31 March 2021 are represented by:
	Tangible assets	189,444	117,281	306,725
	Currentassets/(liabilities)	196,218	196,292	392,510
	Provisions	(1,024)		(1,024)
		384,638	313,573	698,211
		Unrestricted	Restricted	Total
		£	£	£
	Fund balances at 31 March 2020 are represented by:
	Tangible assets	228,022	120,606	348,628
	Current assets/(liabilities)	(169.237)	40,975	(128,262)
	Provisions	(1,374)		(1,374)
		57,411	161,581	218,992
		Unrestricted	Restricted	Total
	Charity	£	£	£
	Fund balances at31 March 2021 are represented by:
	Tangible assets	183,181	117,281	300,462
	Current assets/(liabilities)	199,763	196,292	396,055
		382,944	313,573	696,517
		Unrestricted	Restricted	Total
		£	£	£
	Fund balances at31 March 2020 are represented by:
	Tangible assets	218,434	120,606	339,040
	Currentassets/(liabilities)	(159,800)	40,975	(118,825)
		58,634	161,581	220,215

20	Cash generated from operations		2021	2020
			£	£
	Surplus/(deficit) forthe year		479,219	(78,739)
	Adjustmentsfor:
	Taxation		(350)
	Depreciation and impairmentoftangible fixed assets		41,903	41,270
	Movements in working capital:
	Decrease in stocks		3,754	4,483
	(lncrease)/decrease in debtors		(14,896)	45,446
	(Decrease) in creditors		(161,296)	(61,878)
	lncrease/(decrease) in deferred income		131,684	(97,512)
	Cash generated from/(absorbed by) operations		480,018	(146,930)
21	Analysis of changes in net debt
		1 April 2020	**Cash flows 31 **	March 2021
		£	£	£
	Cash at bankand in hand	116,330	480,018	596,348
		116,330	480,018	596,348

	2021	2020
	£	£
Within one year	7,070	9,765
Between one and five years	2,179	9,040
	9,249	18,805