2021-03-31-accounts - Adec (Arts Development In East Cambridgeshire)

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Trustees' annual report	(incorporating		the	directors' report)
Independent examiner's	report	to the	trustees			13
Statement offinancial activities		(including		income and expenditure	account)
Balance sheet
Statement ofcash flows
Notes to the financial statements						18

				2021		2020
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	6
Income and endowments
Donations and legacies		5	36,229	419,182	455,411	410,788
Charitable activities		6	45,501	2,239	47,740	171,075
Other trading activities		7	1,138		1,138	7,766
Investment income		8	555		555	190
Total income			83,423	421,421	504,844	589,819
Expenditure
Charitable activities		9	67,834	309,172	377,006	510,094
Total expenditure			67,834	309,172	377,006	510,094
Net income and net movement	in funds		15,589	112,249	127,838	79,725
Reconciliation offunds
Total funds brought forward			21,180	122,914	144,094	64,369
Total funds carried forward			36,769	235,163	271,932	144,094

Balance sheet 31 March 2021
			Note	2021 6	f	2020
Fixed assets
Tangible fixed assets			15		3,606		4,248
Current assets
Stocks			16	583		583
Debtors			17	13,324		17,587
Cash at bank and in	hand			277,862		142,778
				291,769		160,948
Creditors: Amounts one year	falling due within		18	(23,443)		(20,063)
Net current assets					268,326		140,885
Total assets less current		liabilities			271,932		145,133
Creditors: Amounts more than one year	falling due after		19				(1,039)
Net assets					271,932		144,094
Funds ofthe charity Restricted funds					235,163		122,914
Unrestricted funds					36,769		21,180
Total charity funds			22		271,932		144,094

Year ended 31 March	2021
			2021 6	2020 f
Cash flows from operating Net income	activities		127,838	79,725
Adjustments for: Depreciation oftangible fixed assets Other interest receivable and similar income			642 (555)	547 (190)
Accrued expenses/(income)			4,348	(10,553)
Changesin:
Stocks				(7)
Trade snd other debtors			4,263	(3,558)
Trade and other creditors			(2,007)	(19,467)
Cash generated from operations			134,529	46,497
Interest received			555	190
Net cash from operating activities			135,084	46,687
Cash flows from investing Purchase of tangible assets	activities			(3,863)
Net cash used in investing activities				(3,863)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear	135,084 142,778	42,824 99,954
Cash and cash equivalents	at end ofyear		277,862	142,778

Donations and legacie	s
			Unrestricted	Restdcted	Total Funds
			Funds f	Funds f	2021 F
Donations
Donations received			3,701	970	4,671
Gift Aid tax reclaimed			487		487
Donated goods, facilities	and services
Grants
CPP (Creative People and Places) (Arts Council
England)			(481)	271,272	270,791
Catalyst (Arts Council England)
Herritage Lottery Fund
Gallery Workshops Grant
Leap Into Dance (Arts Council England)
Ely City Council Projects
CC Futures (Bridge)				28,000	28,000
Creative Spaces (ACE -	Arts Council England)			19,980	19,980
Save The Ely Eel
Postcode Neighbourhood	Trust			10,010	10,010
Arts Council Covid Grant				88,950	88,950
CJRS Grant Income			12,615		12,615
Other Covid Grant Income			19,907		19,907
Other donations and legacies
Donated use of Maitings	Cinema	by Ely Council
			36,229	419,182	455,411

			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2020 f
	Donations
	Donations received		5,955		5,955
	Gift Aid tax reclaimed		1,738		1,738
	Donated goods, facilities and services		191		191
	Grants
	CPP (Creative People and Places) (Arts Council England) Catalyst (Arts Council England) Herritage Lottery Fund Gallery Workshops Grant Leap Into Dance (Arts Council England) Ely City Council Projects CC Futures (Bridge) Creative Spaces (ACE - Arts Council England) Save The Ely Eel			276,811 2,920 24,600 500 12,550 750 49,208 25,815 150	276,811 2,920 24,600 500 12,550 750 49,208 25,815 150
	Postcode Neighbourhood Trust
	Arts Council Covid Grant
	CJRS Grant income
	Other Covid Grant Income
	Other donations and legacies Donated use of Maltings Cinema	by Ely Council	9,600		9,600
			17,484	393,304	410,788
6.	Charitable activities
			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2021 f
	Babylon gallery Ely cinema ADeC live events		5,336 5,037 1,871	900	6,236 5,037 1,871
	Sundry earned income Contract income from projects		1,832 31,000	1,339	3,171 31,000
	Recovery of project overheads Workshop fees		425		425
			45,501	2,239	47,740

					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
						f	f
	Babylon gallery				13,235		13,235
	Ely cinema				60,511		60,511
	ADeC live events				2,493		2,493
	Sundry earned	income			1,315		1,315
	Contract income from projects				37,890		37,890
	Recovery ofproject overheads				55,631		55,631
	Workshop fees
					171,075		171,075
7.	Other trading activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				F		F	f
	Rental income from Gallery		lettings	1,138	1,138	7,766	7,766
8.	Investment income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f	2021 f	Funds f	2020 f
	interest receivable			555	555	190	190
9.	Expenditure on charitable		activities
					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2021 F
	Costs ofgoods sold - general		Projects		29,076	92,862	121,938
	Advertising				3,036	3,403	6,439
	Use of Maltings	Cinema
	Staff costs				5,391	125,569	130,960
	Support costs				30,331	87,338	117,669
					67,834	309,172	377,006
					Unrestricted	Restricted	Total Funds
					Funds f	Funds	2020 f
	Costs ofgoods sold - general		Projects		75,701	139,903	215,604
	Advertising				7,054	7,679	14,733
	Use of Maltings	Cinema			9,600		9,600
	Staff costs				47,973	123,066	171,039
	Support costs				50,381	48,737	99,118
					190,709	319,385	510,094

10.	Analysis of	support cos	ts
					Unrestricted	Restricted		Total Funds
					Funds		Funds	2021
					8			6
	Premises costs				12,824		12,172	24,996
	Staff costs				15,574		53,500	69,074
	General office costs				1,933		21,666	23,599
					30,331		87,338	117,669
					Unrestricted	Restricted		Total Funds
					Funds		Funds	2020
					6
	Premises costs				13,943		14,000	27,943
	Staff costs				27,787		26,355	54,142
	General office costs				8,651		8,382	17,033
					50,381		48,737	99,118
11.	Net income
	Net income is stated after		charging/(crediting):
							2021	2020
							8	8
	Depreciation	of tangible fixed assets					642	547
12.	Independent	examination	fees
							2021 8	2020 f
	Fees payable Independent	to the independent examiner for: examination of the financial statements					2,000	1,750
	Tax advisory services Other financial services						175 1,751	1,225 780
							3,926	3,755
13.	Staff costs
	The total staff	costs and employee		benefits for the reporting	period are	analysed	as follows:
							2021	2020
								K
	Wages and salaries					200,034		225,181

The average	head count ofemployees	head count ofemployees	during	the year was 15(2020:15).The average	of	full-
time equivalent	employees	during the	year is	analysed as follows:
				2021	2020
				No.	No.
Charitable activities				13		13
Administrative	activities			2		2
				15		15

15.	During the year no trustee received any remuneration trustees for travel and subsistence costs). Tangible fixed assets	or expenses (2020: f348 exp	enses paid t
			Gallery and
			cinema
			equipmentf
	Cost
	At 1 April 2020 and 31 March 2021		51,310
	Depreciation
	At 1 April 2020		47,062
	Charge for the year		642
	At 31 March 2021		47,704
	Carrying amount
	At 31 March 2021		3,606
	At 31 March 2020		4,248
16.	Stocks
		2021 f	2020 f
	Raw materials and consumables	583	583

17.	Debtors
						2021	2020 f
	Trade debtors					5,063	953
	Prepayments and accrued			income		3,449	4,157
	Other debtors					4,812	12,477
						13,324	17,587
18.	Creditors: Amounts		falling due within one year
						2021	2020
						F
	Trade creditors					9,303	4,990
	Accruals and deferred		income			11,451	7,103
	Social security and other taxes					928	5,873
	Other creditors					1,761	2,097
						23,443	20,063
19.	Creditors: Amounts		falling	due after more than	one year
						2021 f	2020 f
	Other creditors						1,039
20.	Deferred income
	Deferred income	comprises		advance cinema ticket	sales and gallery hire.
							f
	Balance as at 1 April 2020						668
	Amount released	to income		earned from charitable	activities		(668)
	Amount deferred	in year					9,551
	Balance as at 31	March 2021					9,551

Analysis of charitable fu	nds
Unrestricted funds
	At 1 April				At 31 March
	2020 6	Incomef	Expenditure	Transfers	2021 E
General funds	21,180	83,423	(67,834)		36,769
Restricted funds
	At 1 April				At 31 March
	2020 6	Income 6	Expendituref	Transfers	2021 6
Creative People and Places	62,035	272,234	(215,551)		118,718
Leap Into Dance (Arts
Council England)	2,828	(62)			2,766
CC Futures (Bridge)	32,266	28,439	(29,240)		31,465
Creative Spaces (ACE-
Arts Council England)	25,785	20,950	(7,898)		38,837
Postcode Lottery		10,010	(142)		9,868
ACE Covid-19		34,950	(34,969)		(19)
BFICovid Resilience		900	(900)
Culture Recovery Fund		54,000	(20,472)		33,528
	122,914	421,421	(309,172)		235,163
Unrestricted funds
	At 1 April				At 31 March
	2019 6	Incomef	Expenditure	Transfers	2020 E
General funds	15,374	196,515	(190,709)		21,180
Restricted funds
	At 1 April				At 31 March
	2019 f	Income E	Expenditure	Transfers	2020
Creative People and
Places	27,948	246,811	(212,724)		62,035
Save the Ely Eel	235	150	(385)
Catalyst	10,233	2,920	(13,153)
Gallery Participation	330	500	(830)
HLF Origins	7,249	24,600	(31,849)
Library Presents	3,000	30,000	(33,000)
Leap Into Dance (Arts Council England)		12,550	(9,722)		2,828
Ely City Council Projects		750	(750)
CC Futures (Bridge)		49,208	(16,942)		32,266
Creative Spaces (ACE- Arts Council England)		25,815	(30)		25,785
	48,995	393,304	(319,385)		122,914

	As at 31March	2021
				Unrestricted	Restricted	Total	Funds
				Funds	Funds		2021
				E	E		E
	Tangible fixed assets			3,606			3,606
	Current assets			33,163	235,163	268,326
	Net Assets			36,769	235,163	271,932
	As at31March	2020
				Unrestricted	Restricted	Total Funds
				Funds	Funds		2020
				E	E		E
	Tangible fixed assets			4,248			4,248
	Current assets			17,971	122,914	140,885
	Long term liabilities			(1,039)			(1,039)
	Net Assets			21,180	122,914	144,094
24.	Analysis ofchanges		in net debt
						At
				At 1 Apr 2020	Cash flows	31 Mar	2021
				E	E		E
	Cash at bank and	in hand		142,778	135,084	277,862
25.	Related parties