2022-03-31-accounts - Creative Arts East

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Trustees'	annual report (incorporating		the	directors'	report)
Independent examiner's report to the			trustees
Statement	offinancial activities	(including		income	and expenditure	account)
Statement	offinancial position						13
Statement	ofcash flows						14
Notes to	the financial statements						15

Reference	and administrative	and administrative	and administrative	and administrative	and administrative	details
Registered		charity	name			Creative Arts East
Charity registration			number			1040321
Company	registration			number		02960157
Principal office and office			registered			Dragon Hall 115-123King Street
						Norwich
						Norfolk
						NR1 1QE
The trustees
The trustees		who served			during	the year and at the date of approval				were as follows:
						Max Edwards
						Pat Holtom
						Mari Martin (resigned		7October 2021)
						James McDermott	(appointed		14December 2021)
						Alison McFarlane
						Amy Potter (appointed		7October		2021)
						Lynne Simpkin
						Elizabeth Somerville
Principal	Officer					Natalie Jode (Executive Director)
Observers						Cassie Catchpole	—Arts Council			England
						Sarah Dennis —Borough Council				of King's	Lynn and West Norfolk
Company	secretary					Chris Allison (resigned Julie Hewitt (appointed		31 May 2021) 1 June 2021)
Independent		examiner				Mark Proctor FCA	DChA
						Lovewell Blake LLP
						Chartered accountants
						Bankside 300
						Peachman Way
						Broadland Business Park
						Norwich
						NR7 OLB
Bankers						Santander
						Bootle
						Merseyside
						L304GB

			2022		2021
		Unrestricted	Restricted
	Note	funds f	funds	Total funds f	Total funds f
Income and endowments
Donations and legacies	5	161,600		161,600	116,545
Charitable activities	6	51,572	266,273	317,845	254,732
Investment income	7	196		196	815
Other income	8	2,277		2,277	57,097
Total income		215,645	266,273	481,918	429,189
Expenditure Charitable activities	9	219,485	266,273	485,758	429,760
Total expenditure		219,485	266,273	485,758	429,760
Net expenditure and net movement	in funds	(3,840)		(3,840)	(571)
Reconciliation offunds
Total funds brought forward		82,295		82,295	82,866
Total funds carried forward		78,455		78,455	82,295

Year ended 31 March	2022
			2022	2021
			E	F
Cash flows from operating	activities
Net expenditure			(3,840)	(571)
Adjustments for. Depreciation oftangible fixed	assets		14,268	10,835
Other interest receivable and	similar income		(196)	(815)
Movement in deferred income			123,376	55,140
Changesin: Trade and other debtors			(32,728)	34,632
Trade and other creditors			(5,774)	2,735
Cash generated from operations			95,106	101,956
Interest received			196	815
Net cash from operating activities			95,302	102,771
Cash flows from investing	activities
Purchase oftangible assets			(3,595)	(32,372)
Net cash used in investing activities			(3,595)	(32,372)
Net increase in cash and cash equivalents			91,707	70,399
Cash and cash equivalents	at beginning	ofyear	264,470	194,071
Cash and cash equivalents	at end ofyear		356,177	264,470

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
Donations
Donations			733	733	4,312	4,312
Donations	in	kind	6,000	6,000
Grants
Grants			154,867	154,867	112,233	112,233
			161,600	161,600	116,545	116,545

Grants received, included in the above, are as follows:
	2022	2021
Arts Council NPO Funding	137,560	64,926
Breckland District Council	4,000	4,000
King's Lynn and West Norfolk Borough
Council	3,000	3,000
Norfolk County Council	10,307	10,307
North Norfolk District Council		2,500
South Norfolk District Council		7,500
Mid Suffolk District Council		1,250
Babergh District Council		1,250
Esmee Fairbaim		7,500
BFI		10,000
Total grants	154,867	112,233

6.	Charitable	activities	activities
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					F
	Project activities				51,572	266,273	317,845
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
	Project activities				4,124	250,608	254,732
7.	Investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021 f
	Bank interest			196	196	815	815
8.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
				F
	CJRS - furlough		income	2,277	2,277	57,097	57,097

9.	Expenditure on charitab	le	activi	activity type
				Activities
				undertaken		Total funds	Total fund
				directly	Support costs f	2022 E	2021
	Direct project costs Wages Social security			131,005	277,404 17,386	131,005 277,404 17,386	55,162 288,818 19,178
	Rent and rates				9,383	9,383	15,182
	Printing, postage and stationery Subscriptions and publications				458 5,964	458 5,964	9,929 1,209
	Telephone and fax Training and development				1,243 1,422	1,243 1,422	2,552 2,236
	Travel and entertainment				275	275	21
	Other staff costs				5,033	5,033	2,568
	Depreciation				14,268	14,268	10,835
	Sundries				328	328	798
	Bank fees and charges Repairs and maintenance Office costs				467 3,344 8,764	467 3,344 8,764	223 2,089 12,415
	Marketing				3,010	3,010	1,568
	Insurance				1,929	1,929	1,942
	Legal and professional fees Governance costs				816 3,259	816 3,259	3,035
				131,005	354,753	485,758	429,760
	Governance costs
						2022	2021
	Independent examination Independent examination	—current year - prior year				2,635	2,472 563
	Other accountancy services					624
						3,259	3,035
10.	Net expenditure
	Net expenditure is stated	after charging/(crediting):
						2022	2021
							F
	Depreciation oftangible	fixed assets				14,268	10,835
11.	Independent examination		fees
						2022	2021
	Fees payable to the independent examiner for: Independent examination ofthe financial statements					2,635	2,623

Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed as follows:
			2022	2021 f
Wages and salaries Social security costs			268,060 17,386	278,926 19,178
Employer contributions	to pension	plans	9,344	9,892
			294,790	307,996

Tangible	fixed as	sets
				Display and
		Improvements		office	Cinema	Computer
		to property	Website	equipment	equipment	equipment	Total
Cost
At 1 Apr 2021		6,022	30,383	14,603	33,296	23,376	107,680
Additions						3,595	3,595
Disposals		(6,022)					(6,022)
At 31 Mar	2022		30,383	14,603	33,296	26,971	105,253
Depreciation At 1 Apr 2021		6,022	6,077	14,153	26,750	18,573	71,575
Charge for the
year			6,077	450	4,301	3,440	14,268
Disposals		(6,022)					(6,022)
At 31 Mar	2022		12,154	14,603	31,051	22,013	79,821
Carrying At 31 Mar	amount 2022		18,229		2,245	4,958	25,432
At 31 Mar	2021		24,306	450	6,546	4,803	36,105

15.	Investments
					Other
					investments
	Cost or valuation
	At 1 Apr 2021				1,500
	Additions
	At 31 Mar 2022				1,500
	Impairment
	At 1 Apr 2021 and 31	Mar 2022
	Carrying amount At 31 Mar 2022				1,500
	At 31 Mar 2021				1,500
	All investments shown	above are held at valuation.
	There were no investment		assets outside the UK.
	Investments (neither listed		not unlisted) were as follows:
				2021	2020
				F
	Peter Blake artwork			1,500	1,500
16.	Debtors
				2022	2021
	Trade debtors			39,195	3,718
	Prepayments and accrued Other debtors		income	2,415	4,350 814
				41,610	8,882
17.	Creditors: Amounts	falling due within one year
				2022	2021
					F
	Trade creditors			7,839	5,364
	Accruals and deferred	income		333,414	217,149
	Social security and other taxes			5,011	6,149
				346,264	228,662

				2022	2021
Deferred	income	brought	forward	195,383	140,243
Released Deferred	during during	the year the year		(195,383) 318,759	(140,243) 195,383
Deferred	income	carried	forward	318,759	195,383

Analysis of	charitable funds	charitable funds
Year ended	31 March 2022
Unrestricted		funds
			At 1 April				At 31 March
			2021	Income	Expenditure	Transfers	2022
General funds			82,295	215,645	(219,485)		78,455
Restricted	funds
			At 1 April				At 31 March
			2021f	Incomef	Expenditure E	Transfers f	2022
BFI FAN Film		Exhibition
Fund				8,960	(8,960)
Cambridge	Rural Touring			15,012	(15,012)
Independent	Age			4,555	(4,555)
Inn Crowd				24,336	(24,336)
LCEP				16,658	(16,658)
Kickstart				15,700	(15,700)
Mercers (The		Earl of
Northampton		Fund)		25,000	(25,000)
NLCF - ODO		West
Norfolk				27,455	(27,455)
Operation No		Cold
Shoulder				3,750	(3,750)
Plugged In				26,015	(26,015)
Silver Social				3,030	(3,030)
Spirit of2012				65,016	(65,016)
Youth Music Project				30,786	(30,786)
				266,273	(266,273)

Analysis ofnet assets between funds
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
			E
Tangible fixed assets	25,432		25,432
Investments	1,500		1,500
Net current assets	51,523		51,523
	78,455		78,455
	Unrestricted	Restricted	Total Funds
	Funds E	Fundsf	2021
Tangible fixed assets	36,105		36,105
Investments	1,500		1,500
Net current assets	44,690		44,690
	82,295		82,295

21.	Analysis	ofch	anges in	net debt
									At
						At 1 Apr 2021		Cash flows	31 Mar	2022
							F	F
	Cash at bank and in hand						264,470	91,707	356,177
22.	Operating	lease commitments
	The total	future	minimum	lease payments	under	non-cancellable	operating	leases are as	follows:
								2022 f		2021
	Not later than		1 year					910		910
	Later than	1 year and not		later than 5years				1,137		2,047
								2,047		2,957

2022	Outstanding	2021
	E
1,105		3,437

on 19	Febru	ary 202	2. During the period the follo	wing transactions took p	lace with this comp	any:
				2022	Outstanding	2021
					E
Goods	and	services	purchased	1,400		1,180
Goods	and	services	sold	3,750		1,800