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||||||Pa es|
|---|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity,|its Trustees and Advisors|3-4|
|Trustees'
Annual
Report|||||5-16|
|Accountants'|Report||||17|
|Independent|Auditor's|Report|||18-21|
|Statement
of|Financial|Activities|||23|
|Statement
of|Financial|Position|||24|
|Notes to the|Financial|Statements|||25-31|
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||||for the y|ear ended 31|st March 2021||||
|---|---|---|---|---|---|---|---|---|
|||||||||REVISED|
||||||Unrestricted|Restricted|||
||||||Funds|Funds|2021|2020|
|INCOME||||Note|E|E|E|E|
|Donationsand
legacies||||3|166,177|30,173|196,350|203,660|
|Charitable
activities|||||76,978|2,370|79,348|89,618|
|Totalincome|||||243,155|32,543|275,698|293,278|
|EXPENDITURE|||||||||
|Raising funds|||||34,936|4,912|39,848|25,543|
|Charitable activities|||||218,054|27,631|245,685|272,562|
|Total ex enditure|||||252 990|32,543|285,533|298,105|
|Net income/(expenditure)||and net movement|in funds|forthe year|(9,835)|0|(9,835)|(4,827)|
|Reconciliation
offunds|||||||||
|Total Funds brought|forward||||92,719|633|93,352|98,179|
|Total funds carried forward|||||82,884|633|83,517|93,352|
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||||2021|2020|
|---|---|---|---|---|
|Fixed Assets:||Note|6|6|
|TangibleAssets||13|121|413|
|Total fixed Assets|||121|413|
|Current
Assets|||||
|Debtors||14|20,742|42,534|
|Cash at bank and
In hand|||91,608|79,878|
|Total Current Assets|||112,350|122,412|
|Liabilities|||||
|Creditorsfallingduewithin|oneyear|15|(28,954)|(24,473)|
|Total Liabilites|||(28,954)|(24,473)|
|Net Current Assets|||83,396|97,939|
|Total assets less current|liabilites||83,517|98,352|
|Creditorsfallin
dueafteroneyear||16|0|(5,000)|
|Net Assets|||83,517|93,352|
|The fund ofthe charity||17|||
|Restricted Funds|||82,884|92,719|
|Unrestricted
Funds|||633|633|
|Total charit
funds|||83,517|93,352|
##
##
##
||FORWARD|ARTS FOUNDATION|ARTS FOUNDATION|ARTS FOUNDATION|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||(A Company|Limited by Guarantee)|||||||||||
||statement ofFinancial Activities (including Income||and expenditure|||account)|||||||
||forthe year ended 31stMarch||2021||||||||||
|3)|Expenditure
&Irrecoverable
VAT||||||||||||
||Expenditure
is recognised once there is a legal or constructive|obligation to make||a payment toa||third party,||it isprobable that|||||
||settlement
willbe required
and the amount ofthe obligation|can be measured|reliably.||Expenditure||isclassified under the following||||||
||activity headings:||||||||||||
||~
Costs ofraising funds comprise the costs ofcommercial
trading including the|||bar and coffee lounge and their|||||associated support||||
||cost's.||||||||||||
||~
Expenditure
on charitable activities includes the costs ofperformances,
exhibitions||||and other|educational||activities|||undertaken|to|
||further the purposes ofthe charity and their associated support costs.||||||||||||
||~
Other expenditure
represents those items not falling into any other heading.||||||||||||
||Irrecoverable
VATis charged as acost against the activity for which the expenditure||||was incurred.||||||||
|h)|Allocation ofsupport costs||||||||||||
||Support costs are t hose functions
that
assist the work ofthe charity but do not||directly||undertake|charitable||activities.|||Support costs||
||include back office costs, finance, personnel,
payroll
and governance
costs which|||support the Trusts|||artistic programmes||||and activities.||
||These costs have been allocated between cost ofraising funds|and expenditure|on|charitable activities. The bases|||||on which support|||costs|
||have been allocated are set out in note g.||||||||||||
|i)|Operating
Leases
Thefoundationclassifiestheofficerentassn||||||||||||
||opeating lease.|Operatingleasesarechargedtothefitatement
ofFinancial|||||||||Activitiesona||
||striaght line basis over the leaseterm.||||||||||||
|j)|Tangiblefixed
assets||||||||||||
||Individual
fixed assets costing E1,000)2020:E1000)or more|are capitalised at|cost and||are depreciated
over|||their estimated
useful|||||
||economic lives on a straight
line basis asfollows:||||||||||||
||Computer
Equipment
33.3SS||||||||||||
|k)|Debtors||||||||||||
||Trade and other debtors are recogni sed at the sett I erne nt amount
due after any||trade discount offered. P re payments|||||||are|valued at the||
||amount
prepaid
net ofany trade discounts due.||||||||||||
|I)|Cash at bank and in hand||||||||||||
||Cash at bank and cash in hand includes cash and short term highly liquid investments
with a short|||||maturity ofthree||||months or less from|||
||the date ofacquisition
or opening ofthe deposit or similar account.||||||||||||
|m)|Creditors and provisions||||||||||||
||Creditors and provisions are recognised where the charity has|a present obligation||resulting from||a past event||that will probably result|||||
||in the transfer offunds to athird party and the amount
due to|settle the obligation||can|be measured||or estimated||reliably. Creditors|||and|
||provisions
are normally
recognised at their settlement
amount|after allowing
for any trade discounts|||||due.||||||
|n)|Financial
Instruments||||||||||||
##
##
||||Unrestricted|Restncted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2021|2020|
||||f|f|E|E|
|ArtsCouncil
Grants|||98,796|500|99,296|50,914|
|Furlough
Grant||3a|0|1 173|1,173|0|
|Trusts &Foundations|||29,490|8,000|37,490|58,755|
|Sponsorship|||36,200|15,000|51,200|46,200|
|Donations(inc.|giff aid(||1,681|5,000|6,681|45,291|
|Benefits ln Kind||3b|10|500|510|2,500|
|Total income|||166,177|30,173|196,350|203,660|
||||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|
|4|Trust &Foundations||||Funds|Funds|2021|2020|
||||||f|6|f|6|
||Esmee Fairbairn
Foundation||||12,500|8,000|20,500|25,000|
||John ERerman Foundation||||0|0|0|30,000|
||The Makin Family Trust||||10,000|0|10,000|0|
||WNPC Foundation||||6,990|0|6,990|3,755|
||Total Trust and Foundations||||29,490|8,000|37,490|58,755|
||The Esmee Fairbairn
Foundation|||issued a restricted grant for organisational
development.|||||
||||||Unrestricted|Restricted|||
|5|Income from charitable|activities|||Funds|Funds|2021|2020|
||||||f|E|E|f|
||SalesofForward
Books||||59,247||59,247|49,348|
||Forward Events||||2,408||2,408|5,257|
||Educational
Resources||||3,160||3,160|0|
||NPD Partnershi
ps||||11,196|2,370|13,566|24,296|
||Income from NPD Books||||942||942|10,716|
||NPD Events||||25||25|0|
||Total Income from charitable||activities||76,978|2,370|79,348|89,618|
##
||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
|6|Analysis ofexpenditure||Funds|Funds|2021|2020|
|||Note|E|E|E|E|
||Project Costs||141,609|27,631|169,240|187,959|
||Fundraising||28,599|4,600|33,199|18,186|
||Governance costs||35,798|3,900|39,698|40,205|
||Support costs||43,814||43,814|51,755|
||Total ex enditure||249,820|36,131|285,951|298,105|
##
||||||||National|
|---|---|---|---|---|---|---|---|
||||Forward|Prices|||Poetry|
|||Total|for Poetry||VQPP||Day|
|||E|E||E||E|
|Net Funds b/f||633||||633||
|project Costs||(169,240)|(95,340)||||(73,900)|
|Governance
&Support costs||(76,445)|(34,899)||||(41,546)|
|funded by||||||||
|- Direct Sponsorship|& Funding|60,316||42,946|||17,370|
|-Earned Income||74,089||61,980|||12,109|
|Shorttblf funded by|Reserves and Unrestricted|||||||
|Income||111280||25,313|||85,967|
|Net Funds Carried Forward||633||0||633|0|
|||||||||Governance||
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Support|Costs|Function|BasisofApportionment|
|||||||E||E||
|Subscriptions||and|Donations||||860||Staf(Time|
|Office & IT Costs||(inc Rent)|||||18,586||StaffTime|
|StaffCosts|||||||20,668|16,175|StaffTime|
|Irrecoverable|VAT||||||2,342||StaffTime|
|Legal, HR, Banking|||ik Insurance||||0|8,529|Governance|
|Hospitality|||||||143|0||
|Audit|||||||0|2,500|Governance|
|Consultancy|||||||0|0|Governance|
|Accountancy|||||||0|10,249|Governance|
|StaffTraining|||||||1,215|0|StaffTime|
|Trustee and Board|||Meetin|Costs(inc. Recruitm|10||0|2,245|Governance|
||||||||43,814|39,698||
##
|||fort|he year ended 31stMarch 2021||
|---|---|---|---|---|
|9|Net Income/(expenditure)|forthe year|2021|2020|
||This isstated after charging:||E|E|
||Depreciation||291|291|
||Audit Fees||2,500|4,500|
||Accountancy||10,249|8,487|
||||13,040|13,278|
|0|Analysis ofstaffcosts. trustee remuneration||and expenses, and the costofkey management||
||personnel||||
||||2021|2020|
||||E|E|
||Salaries and wages||89,646|86,118|
||Social security costs||4,836|6,041|
||Pension costs||4,199|4,521|
||Trustee expenses||0|249|
||Freelance Project Managers||24,217|37,017|
||||122,898|133,946|
##
##
##
|Tangible Rxed Assets||
|---|---|
||Computer|
||Equipment|
||E|
|Cost||
|At1April 2020|874|
|At31March2021|874|
|Depreciation||
|At 1April 2020|461|
|Charge forthe year|291|
|At31March 2021|732|
|Net BookValue||
|Asat31March 2020|423|
|As at31March 2021||
##
##
|||2021|2020|
|---|---|---|---|
|||E|E|
|Other Debtors||0|5,840|
|Other taxation|and social security|522|1,301|
|Prepayments|and accrued income|20,220|35,393|
|||20,742|42,534|
||2021|2020|
|---|---|---|
||E|E|
|TradeCredltors|3,950|8,104|
|Other taxation and social security|2,358|2,549|
|Other creditors|3,441|535|
|Accruals and deferred income|14,205|13,284|
||23,954|24,472|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||E|
|Accru|ala|and|deferred|income|5,000|5,000|
||||||5,000|5,000|
##
|||||Brought|||Carried|
|---|---|---|---|---|---|---|---|
|Current|Year|||Forward|Income|Expenditure|Forward|
|||||E|5|E|E|
|Unrestricted||funds||||||
|6eneral|Funds|||92,719|243,155|252,990|82,884|
|Restricted||Funds||||||
|EsmeeFairbairn|||Foundation||8,000|8,000||
|ALCS|||||15,000|15,000||
|VQPP||||633|||633|
|Other restricted|||funds||9,543|9,543||
|||||93,352|275,698|285,533|83.517|
|The company|had total commitments|at the balance sinai date off11,080 (2020-f16,426 )|at the balance sinai date off11,080 (2020-f16,426 )|
|---|---|---|---|
|||2021|2020|
|Rent commitment||||
|1year||11,080|16,426|
|2-5 year||||
||||16,426|