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||||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||||funds|Funds|Funds|funds|funds|Funds|
||||||Note|||||||
|Income:||||||||||||
|Donations,<br>legacies and|grants||||2|69,S03||69,803|11,174||11,174|
|Income from charitable|activities||||3|209,361||209,361|327,987||327,987|
|Other incoming resources||||||108,878||108,878|8,556||8,556|
|Total income||||||388,042||388,042|347,717||347,717|
|Expenditure<br>on:||||||||||||
|Charitable<br>activities|||||4|278,373||278,373|358,049||358,049|
|Total expenditure||||||278,373||278,373|358,049||358,049|
|Net income (expenditure)<br>before<br>depreciation<br>and revaluations||||||109,669||109,669|(10,332)||(10,332)|
|Depreciation||||||(175,001)||(175,001)|(175,001)||(175,001)|
|Gains and losses on revaluations|||of|||||||||
|investment<br>assets||||||(179)||(179)|238||238|
|Net (expenditure)<br>and net <br>funds forthe year||movement||In||(65,511)||(65,511)|(185,095)||(185,095)|
|Reconciliation offunds:||||||||||||
|Total funds brought forward||||||(359,781)||(359,781)|(174,686)||(174,686)|
|Total funds carried forward||||||(425,292)||(425,292)|(359,781)||(359,781)|





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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|||
|Fixed assets:||||||
|Tangible assets||||2,830,459|3,005,460|
|||||2,830,459|3,005,460|
|Current assets:||||||
|Debtors|||10|19,061|11,743|
|Investments|||11|1,157|1,336|
|Cash at bank and in|hand|||4,237|8,911|
|||||24,455|21,990|
|Liabilities:||||||
|Creditors: amounts|falling due within one year||12|161,737|261,262|
|Net current liabilities||||(137,282)|(239,272)|
|Total assets less current||liabilities||2,693,177|2,766,188|
|Creditors: amounts|falling after more than one year||13|(3,118,469)|(3,125,969)|
|Total net assets||||(425,292)|(359,781)|
|The funds ofthe charity:||||||
|Unrestricted<br>funds||||(425,292)|(359,781)|
|Total charity funds||||(425.292)|(359,781)|





## 

|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Note|||||
|Cash provided<br>by operating|activities||15||15,826||(11,167)|
|Cash flows from investing|activities:|||||||
|Purchase oftangible fixed|assets|||||(72)||
|Net cash used in investing|activities||||||(72)|
|Cash flows from finandng|activities:|||||||
|Loan (repaid) received||||(20,500)||27,500||
||||||(20,500)||27,500|
|(Decrease) Increase In cash and||cash equivalents|in the year||(4,674)||16,261|
|Total cash and cash equivalents||atthe beginning||||||
|ofthe year|||||1,560||(14,701)|
|Total cash and cash equivalents<br>year||at the end ofthe|16||(3,114)||1,560|





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|Zinc Arts|Zinc Arts||||||||
|---|---|---|---|---|---|---|---|---|
|Notes tothe||Financial Statements|||||||
|Forthe year||ended 31stMarch 2021|||||||
|2|Donations,|legacies and grants|||||||
|||||2021|||2020||
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds|Funds|funds|funds|Funds|
||||f|E|f|E|f|E|
||Donations|||||11,174||11,174|
||Grunts:||||||||
||Covid related grants||69,803||69,803||||
||||69,803||69,803|11,174||11,174|
|3|Income from charitable activities||||||||
|||||2021|||2020||
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds|Funds|funds|funds|Funds|
||||E|f|f|E|f|f|
||Contracts and Fees||209,361||209,361|327,987||327,987|
||||209,361||209361|327,987||327,987|





|4.|Analysis ofexpenditure|on charitable|activities|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2021|||2020||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds|Funds|funds|funds|Funds|
||||||E|E||E|E|
||Staffing and subcontractors|||163,744||163,744|173,737||173,737|
||Other direct costs|||4,663||4,663|30,720||30,720|
|||||168,407||168,407|204,457||204,457|
||Support costs (note 5)|||109,966||109,966|153,592||153,592|
|||||27&,373||278,373|358,049||358,049|



## 

|Analysis of|support costs|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2021|||2020||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds|Funds|funds|funds|Funds|
|||||E|E|E|E||E|
|Governance|(see below for||analysis)|6,026||6,026|6,097||6,097|
|Other||||103,940||103,940|147,495||147,495|
|Total||||109,966||109,966|153,592||153,592|
|Governance|costs are made||up of:|||||||
|Independent|examination|fees||3,000||3,000|3,000||3,000|
|Other legal|and professional||fees|3,026||3,026|3,097||3,097|
|||||6,026||6,026|6,097||6,097|





|6|Net income for the period|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||This isstated after charging:|||||||
||Depreciation<br>-annual<br>charge|||||175,001|175,001|
||Independent<br>Examination<br>fee|||||3,000|3,000|
|7|Analysis ofstaff costs, trustee|remuneration|||and expenses, and the costof key|||
||Staff costs were asfollows:|||||||
||Wages and salaries|||||151,499|162,251|
||Social security costs|||||9,642|9,171|
||Pension costs|||||2,603|2,314|
|||||||163,744|173,737|
||The average number ofemployees||during|the|year was 8(2020:12)|||
||No employee<br>received remuneration||amounting<br>to more than E60,000in either year.|||||
||The cost ofsenior management|personnel||was Nil (2020 - ENIL)||||





## 


|||||||
|---|---|---|---|---|---|
|9|TangIble Fixed Assets|||||
||||Leasehold|Fixtures,||
||||improve-|Fittings and||
||||ments|Equipment|Total|
|||||E|E|
||Cost|||||
||At the start ofthe year||4,289,237|65&,989|4,948,226|
||Additions<br>during the year|||||
||At the end of|the year|4,289,237|658,989|4,948,226|
||Depreciation|||||
||At the start ofthe year||1,299,075|643,691|1,942,766|
||Charge forthe year||155,895|19,106|175,001|
||At the end of|the year|1,454,970|662,797|2,117,767|
||Net book value|||||
||At the end of|the year|2,834,267|(3,808)|2,830,459|
||At the beginning<br>ofthe year||2,990,162|15,298|3,005,460|
|10|Debtors|||||
|||||2021|2020|
|||||E|E|
||Trade debtors|||7,539|6,187|
||Other debtors|||11,522|5,556|
||Prepayments|and accrued income||||
|||||19,061|11,743|
|11.|Current asset|investments||||
||COIF Fixed interest fund|||1,157|1,336|
||During the year there was an unrealised||loss ofE179on the fund (2020:gain E238).|||





## 

## 

||||2021|2020|
|---|---|---|---|---|
||||g|f|
|Bank overdrafts|||7,351|7,351|
|Trade creditors|||18,002|79,025|
|Accruals and deferred||income|76,59&|59,091|
|Other taxation|and social security||6,548|9,608|
|Other creditors|||11,313|51,262|
|Bridging Loan S.l.8(see note 13)|||2,000|15,000|
|Other loan (see note 13)|||39,925|39,925|
||||161,737|261,262|
|Creditors: amounts<br>falling due after more than one year|||||
||||2021|2020|
||||f||
|Futurebuilders|Loan 1||1,715,366|1,715,366|
|Futurebuilders|Loan 2||1,313,005|1,313,005|
|Bridging Loan S.I,B|||57,500|57,500|
|Other loan|||32,598|40,098|
||||3,118,469|3,125,969|





## 

## 

|||At the start|Incoming|Outgoing|At the end|
|---|---|---|---|---|---|
|||ofthe year<br>f|resources<br>f|resources<br>f|ofthe year<br>f|
|Current Year||||||
|General<br>Funds||(361,116)|388,042|(453,374)|(426,448)|
|Designated<br>fund||1,335|-179||1,156|
|Total - unrestricted|funds|(359,781)|387,863|(453,374)|(425,292)|
|Prior Per(od||||||
|GeneralFunds||(175,783)|347,717|(533,050)|(361,116)|
|Designated<br>fund||1,097|238||1,335|
|Total - unrestricted|funds|(174,686)|347,955|(533,050)|(359,781)|



## 

|||||2021|2020|
|---|---|---|---|---|---|
|||||f|f|
||Net income for the reporting|period||(65,332)|(185,333)|
||Depreciation<br>charges|||175,001|175,002|
||Decrease (Increase) in debtors|||(7,318)|14,866|
||(Decrease) in creditors|||(86,525)|(15,702)|
||Net cash provided<br>by operating||activities|15,826|(11,167)|
|16|Analysis ofcash and cash equivalents|||||
||Cash at bank and in hand|||4,237|8,911|
||Bank overdrafts|||(7,351)|(7,351)|
||Total cash and cash equivalents|||(3,114)|1,560|









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