2021-03-31-accounts - Wysing Arts Charity

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		Page
Report ofthe Trustees	1	to	12
Report ofthe ladependent Auditors	13	to	16
Statement ofFinancial Activities		17
Balance Sheet		18
Cash Flow Statement		19
Notes to the Cash Flow Statement		20
Notes to the Financial Statements	21	to	34
Detailed Statement ofFinancial Activities	35	to	36

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f
INCOME AND ENDOWMENTS FROM
Donations and legacies		15,430		15,430	20,045
Charitable activities
Studios and Buildings		18,947		18,947	37,961
Public Programme		525,649	62,700	588&349	827,662
Other trading activities		467		467	3,045
Investment income		2,182		2,182	2,937
Other income		789		789	25,788
Total		563,464	62,700	626,164	917,438
EXPENDITURE ON
Raising funds	7	22,945		22,945	80,722
Charitable activities
Studios snd Buildings		93,238		93,238	89,157
Public Programme		386,769	129,731	516,500	794,041
Total		502,952	129,731	632,683	963,920
NET INCOME/(EXPENDITURE)		60,512	(67,031)	(6,519)	(46,482)
RECONCILIATION OF FUNDS
Total funds brought forward		273,518	755,132	1,028,650	1,075,132
TOTAL FUNDS CARRIED FORWARD		334,030	688,101	1,022,131	1,028,650

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes				f
FIXEDASSETS
Tangible assets	16	17,094	627,889	644,983	671,773
CURRENT ASSETS
Debtors	17	20,908	1,624	22,532	65,541
Cash at bank		334,564	60,071	394,635	355,579
		355,472	61,695	417,167	421,120
CREDITORS
Amounts falling due within one year		(38,536)	(1,483)	(40,019)	(64,243)
NET CURRENT ASSETS		316,936	60,212	377,148	356,877
TOTAL ASSETSLESSCURRENT
LIABILITIES		334,030	688,101	1,022,131	1,028,650
NET ASSETS		334,030	688,101	1,022,131	1,028,650
FUNDS	19
Unrestricted funds				334,030	273,518
Restricted funds				688,101	755,132
TOTAL FUNDS				1,022,131	1,028,650

					2021	2020
				Notes	5
Cash flows from operating		activities
Cash generated from operations				I	45451	(33,772)
Net cash provided by/(used		in) operating		activities	45351	(33,772)
Cash flows from investing		activities
Purchase oftangible fixed	assets				(8,477)	(6,888)
Interest received					2,182	2,937
Net cash used in investing	activities				(6,295)	(3,951)
Change in cash and sash	equivalents		in
the reporting period					39,056	(37,723)
Cash and cash equivalents		at the
beginning ofthe reporting		period			355,579	393,302
Cash and cash equivalents		at the end	of
the reporting period					394,635	355,579

RECONCILIATION	OFNET EXPENDITURE TO NKT CASH FLOW	OFNET EXPENDITURE TO NKT CASH FLOW	OFNET EXPENDITURE TO NKT CASH FLOW	FROM OPERATING
ACTIVITIES
				2021	2020
Net expenditure for the reporting			period (as per the Statement of
Financial Activities)				(6,519)	(46,482)
Adjustments for:
Depreciation charges				35,267	35,591
Interest received				(2,182)	(2,937)
Decrease/(increase) in	debtors			43,009	(17,191)
Decrease in creditors				(24,224)	(2,753)
Net cash provided by/(used		in) operations		45351	(33,772)

	At I/4/20	Cash flow	At 31/3/21
		f
Net cash
Cash at bank	355,579	39,056	394,635
	355,579	39,056	394,635
Total	355,579	39,056	394,635

3.	DONATIONS	DONATIONS	AND	LEGACIES	LEGACIES
						2021	2020
	Donations					15,430	20,045
4.	OTHER TRADING			ACTIVITIES
						2021	2020
						0
	Cafe sales						99
	Sales ofbooks		and artwork			467	2,946
						467	3,045
5.	INVESTMENT INCOME
						2021	2020
	Deposit account interest					2,182	2,937
	INCOME	FROM CHARITABLE ACTIVITIES
						2021	2020
					Activity	f	f
	Provision ofsubsidised			studio
	space				Studios and Buildings	15,714	28,888
	Farmhouse	residential		rent	Studios and Buildings	2,387	5,124
	Space hire				Studios and Buildings	846	3,949
	Space hire				Public Programme		571
	Grants				Public Programme	584,872	789,554
	Project fees				Public Programme		25,165
	Duatorial consultancy				Public Programme	1,110	792
	Ticket sales				Public Programme	1,896	7,004
	Other income				Public Programme	471	4,576
						607,296	865,623

					2021	2020
Arts Council England					465,173	456,768
Henry Moore Foundation					4,000
The Elephant Trust					2,000
Arts Council England	- Catalyst Evolve					25,552
Arts Council England-New			Geographies			210,000
Esmee Fairbaim Foundation					61,250	42,500
Art Fund					11,000	9,700
Arts Council England	- Interim Director					1,000
DASH						15,000
5Hz Euphoria						15,217
British Council Net/Work			Residency		3,000	3,000
Small grants						917
National Trust						9,900
D'Oyly Carte Charitable		Trust			3,700
South Cambridgeshire	District Council				25,000
Job Retention Scheme	Grant				9,749
					584,872	789,554
The charity has also benefitted from Charitable				Rate Relief.
RAISING FUNDS
Raising donations and legacies
					2021	2020
					f,	f
Staffcosts					9,953	45,684
General marketing costs					6,067	24,426
					16,020	70,110
Costs to generate earned			income
					2021	2020
Staffcosts					4,976	5,798
Bad debts					933
Development costs					1,016	4,814
					6,925	10,612
Aggregate amounts					22,945	80,722

8.	CHARITABLE ACTIV	ITIES COSTS
			Direct		Support
			Costs	(see	costs (see
			note f	9)	note 10) f	Totals f
	Studios and Buildings		93,238			93338
	Public Programme		508,511		7,989	516,500
			601,749		7,989	609,738
9.	DIRECT COSTS OFCHARITABLE ACTIVITIES
					2021f	2020
	Staffcosts				242,133	219,982
	Site running costs				86,258	81,668
	Office administration				30,464	33,249
	Space hire costs				3	1,188
	Other costs				368	991
	Programme costs Training, recruitment 4 HR				136,000 4,759	441,999 5,493
	Travel and motor expenses				3,574	4,732
	Freelance costs				62,924	50,852
	Depreciation				35,266	35,592
					601,749	875,746
10.	SUPPORT COSTS
					Governance
			Management		costs	Totals
			f		f
	Public Programme			67	7,922	7,989
11.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
					2021	2020
						f
	Depreciation - owned assets				35,267	35,591

During the year three	trustees	were paid travel expenses	were paid travel expenses	totalling f665 (2020: four Trustees	were paid a total
6L430 in travel expenses).
STAFFCOSTS
				2021	2020
Wages and salaries				232,307	244,172
Social security costs				16461	18,986
Other pension costs				8394	8,306
				257,062	271,464
The average monthly	number	ofemployees	during the year was as follows:
				2021	2020
Direct charitable				8	9

		Unrestricted	Restricted	Total
		funds	funds	funds
INCOr3EE	AND ENDOWMENTS FROM
Donations	and legacies	20,045		20,045
Charitable	activities
Studios and Buildings		37,961		37,961
Public Programme		500,606	327,056	827,662
Other trading activities		3,045		3,045
Investment	income	2,937		2,937
Other income		25,788		25,788
Total		590,382	327,056	917,438

15.	COMPARATIVES	FOR THE STATEMENT OFFINANCIAL ACTIVITIES -continued	FOR THE STATEMENT OFFINANCIAL ACTIVITIES -continued	FOR THE STATEMENT OFFINANCIAL ACTIVITIES -continued	FOR THE STATEMENT OFFINANCIAL ACTIVITIES -continued
				Unrestricted	Restricted	Total
				funds	funds	funds
				6
	EXPENDITURE ON
	Raising funds			80,722		80,722
	Charitable activities
	Studios and Buildings			89,157		89,157
	Public Programme			412,171	381,870	794,041
	Total			582,050	381,870	963,920
	NET INCOME/(EXPENDITURE)			8,332	(54,814)	(46,482)
	Transfers between	funds		(7,859)	7,859
	Net movement in funds			473	(46,955)	(46,482)
	RECONCILIATION		OFFUNDS
	Total funds brought		forward	273,045	802,087	1,075,132
	TOTAL FUNDS CARRIED FORWARD			273,518	755,132	1,028,650
16.	TANGIBLE FIXED		ASSETS
						Improvement
					Short	to
				Leasehold	leasehold f	property
	COST
	At 1 April 2020			1,527,875	60,950	44,804
	Additions
	At 31March 2021			1,527,875	60,950	44,804
	DEPRECIATION
	At 1 April 2020			891,383	43,773	38,027
	Charge for'year			22733	3,047	4,252
	At 31March 2021			914,116	46,820	42,279
	NET BOOK VALUE
	At 31March 2021			613,759	14,130	2,525
	At 31March 2020			636,492	17,177	6,777

		Fixtures
	Plant and	and	Motor
	machinery f	fittings f	velucles	Totals
COST
At I April 2020	71,193	49,467	5,193	1,759,482
Additions	8,477			8,477
At 31 March 2021	79,670	49,467	5,193	1,767,959
DEPRECIATION
At I April 2020	59,866	49,467	5,193	1,087,709
Charge for year	5,235			35,267
At 31March 2021	65,101	49,467	5,193	1,122,976
NET BOOK VALUE
At 31 March 2021	14,569			644,983
At 31 March 2020	11,327			671,773

DEBTORSi	AMOUNTS FALLING DUE WITHIN ONE	YEAR
		2021	2020
Other debtors		384	47,809
VAT		1,712	2,232
Prepayments	and accrued income	20,436	15,500
		22,532	65,541

	2021	2020
Trade creditors	23,448	55,460
Other creditors	3,814	3,794
Accruals and deferred income	12,757	4,989
	40,019	64,243

					Net	Transfers
					movement	between	At
				At I/4/20	in funds	fundsI	31/3/21
Unrestricted funds
General fund				92,518	60,512	(15,000)	138,030
Capital spend				30&000			30,000
Equipment &Maintenance				60,000			60,000
Personnel				16,000			16,000
Programme Fund				75,000			75,000
Website						15,000	15,000
				273,518	60,512		334,030
Restricted funds
Capital Development various			funders	653,668	(25,779)		627,889
Arts Council England - Catalyst Evolve				878	(878)
Esmee Fairbairn Foundation				21,910	18,090		40,000
Ambition for Excellence-New			Geographies	60,225	(60,406)		(181)
Amey Community	Fund			890	(890)
DASH - Curator in	Residence			13,953	(7,606)		6,347
5Hz Euphoria				2,836			2,836
British Council Net/Work		Residency		1,600	200		1,800
Art Fund - Helen Cammock Exhibition				(828)	828
DASH —Exhibition					6,000		6,000
D'Oyly Carte Charitable		Trust			3,410		3,410
				755,132	(67,031)		688,101
TOTAL FUNDS				1,028,650	(6,519)		1&022,131

		Incoming	Resources	Movement
		resources f	expended f	in funds f
Unrestricted funds
General fund		563,464	(502,952)	60,512
Restricted funds
Capital Development various	funders		(25,779)	(25,779)
Art Fund —Curator in Residence		10,000	(10,000)
Arts Council England - Catalyst Evolve			(878)	(878)
Esmee Fairbaim Foundation		40,000	(21,910)	18,090
Ambition for Excellence-New	Geographies		(60,406)	(60,406)
Amey Community Fund			(890)	(890)
DASH - Curator in Residence			(7,606)	(7,606)
British Council Net/Work Residency		2,000	(1,800)	200
Art Fund - Helen Cammock Exhibition		1,000	(172)	828
DASH - Exhibition		6,000		6,000
D'Oyly Carte Charitable Trust		3,700	(290)	3,410
		62,700	(129,731)	(67,031)
TOTAL FUNDS		626,164	(632,683)	(6,519)

						Net	Transfers
						movement	between	At
					At 1/4/19	in funds	funds	31/3/20
					8		f	f
Unrestricted funds
General fund					92,045	38,638	(38,165)	92,518
Capital spend					30,000	(17,403)	17,403	30,000
Equipment &Maintenance					60,000	(1,584)	1,584	60,000
Personnel					16,000	(11,319)	11,319	16,000
Programme Fund					75,000			75,000
					273,045	8,332	(7,859)	273,518
Restricted funds
Capital Development		venous		funders	679,447	(25,778)		653,669
Art Fund - Curator	in	Residence			4,286	(6,745)	2,459
Arts Council England		—Catalyst Evolve			19,085	(18,207)		878
Esmee Fairbairn Foundation					20,649	1,261		21,910
Ambition for Excellence-New				Geographies	75,973	(21,148)	5,400	60,225
Amey Community	Fund				1,780	(890)		890
Ken(e's Yard - Tate	Artist		Rooms		867	(867)
DASH - Curator in	Residence					13,953		13,953
5Hz Euphoria						2,836		2,836
British Council Net/Work			Residency			1,600		1,600
Art Fund - Helen Cammock Exhibition						(829)		(829)
					802,087	(54,814)	7,859	755,132
TOTAL FUNDS					1,075,132	(46,482)		1,028,650

				Incoming	Resources	Movement
				resources f	expended f	in funds f
Unrestricted funds
General fund				590,382	(551,744)	38,638
Capital spend					(17,403 )	(17,403)
Equipment &Maintenance					(1,584)	(1,584)
Personnel					(11,319)	(11,319)
				590,382	(582,050)	8,332
Restricted funds
Capital Development various funders					(25,778)	(25,778)
Art Fund - Curator	in Residence			700	(7,445)	(6,745)
Arts Council England - Catalyst Evolve					(18,207)	(18,207)
Esmee Fairbairn Foundation				44,073	(42,812)	1,261
Ambition for Excellence-New			Geographies	240,050	(261,198)	(21,148)
Amey Community	Fund				(890)	(890)
Kettle's Yard - Tate	Artist	Rooms			(867)	(867)
DASH - Curator in	Residence			15,000	(1,047)	13,953
5Hz Euphoria				15,217	(12,381)	2,836
British Council Net/Work		Residency		3,000	(1,400)	1,600
Art Fund —Helen Cammock Exhibition				9,016	(9,845)	(829)
				327,056	(381,870)	(54,814)
TOTAL FUNDS				917,438	(963,920)	(46,482)
Purposes ofRestricted Funds

				2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations				15,430	20,045
Other trading activities
Cafe sales					99
Sales ofbooks and	artwork			467	2,946
				467	3,045
Investment iacome
Deposit account interest				2,182	2,937
Charitable activities
Provision ofsubsidised			studio space	15,714	28,888
Farmhouse residential		rent		2,387	5,124
Space hire				846	4,520
Grants				584,872	789,554
Project fees					25,165
Curatorial consultancy				1,110	792
Ticket sales				1,896	7,004
Other income				471	4,576
				607896	865,623
Other iacome
Exhibition tax credit				789	25,788
Total incoming resources				626,164	917,438
EXPENDITURE
Raising donations	and		legacies
Wages				9,953	45,684
General marketing	costs			6,067	24,426
				160020	70,110
Costs to geaerate	earned income
Wages				4,976	5,798
Bad debts				933
Development costs				1,016	4,814
				6,925	10,612

		2021	2020
		f
Costs to generate earned income
Charitable activities
Wages		217878	192,690
Social secuuty		16,361	18,986
Pensions		8494	8,306
Site running costs		86,258	81,668
Office administration		30&464	33,249
Space hire costs		3	1,188
Other costs		368	991
Programme costs		136&000	441,999
Training, recruitment	&HR	4,759	5,493
Travel and motor expenses		3,574	4,732
Freelance costs		62,924	50,852
Depreciation		35,266	35,592
		601,749	875,746
Support costs
Management
Trustees' expenses		67	879
Governance costs
Auditors' remuneration		4,640	4,320
Professional fees		3,282	2,253
		7,922	6,573
Total resources expended		632,683	963,920
Net expenditure		(6,519)	(46,482)