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|||||||Page|
|---|---|---|---|---|---|---|
|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|
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|||||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|
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|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|
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|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|
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|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|
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||||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|
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||||||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|
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|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|
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|The average|head count ofemployees|head count ofemployees|head count ofemployees|during|the year was 15(2020:15).The average|number|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|
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|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|
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|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|
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|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|
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||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|||||||
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