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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|
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|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||||||
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||||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|
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|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|
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||||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|
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|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|
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|9.|Expenditure
on charitab|le|activi|ties
by|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|
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|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|
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|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|
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|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|
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|||||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|
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|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)|||
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|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|
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|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|
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|2022|Outstanding|2021|
|---|---|---|
||E||
|1,105||3,437|
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|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|