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