2022-03-31-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
Statement offinancial activities		(including		income and expenditure		account)	12
Balance sheet							13
Statement ofcash flows							14
Notes to the financial statements							15

				2022		2021
			Unrestricted	Restricted
Income and endowments		Note	funds 6	funds 6	Totalfunds 6	Total funds
Donations and legacies Charitable activities Other trading activities Investment income		5 6 7 8	18,837 84,921 3,452 432	198,807 2,983	217,644 87,904 3,452 432	455,411 47,740 1,138 555
Total income			107,642	201,790	309,432	504,844
Expenditure
Charitable activities		9	82,381	421,741	504,122	377,006
Total expenditure			82,381	421,741	504,122	377,006
Net (expenditure)/income	and net
movement in funds			25,261	(219,951)	(194,690)	127,838
Reconciliation offunds
Total funds brought forward			36,769	235,163	271,932	144,094
Total funds carried forward			62,030	15,212	77,242	271,932

			2022	2021
Cash flows from operating	activities
Net (expenditure)/income			(194,690)	127,838
Adjustments for:
Depreciation oftangible fixed assets Other interest receivable and similar income Accrued expenses			984 (432) 35,428	642 (555) 4,348
Changes/n:
Stocks
Trade and other debtors Trade and other creditors Cash generated from operations			(229) (21,920) 18,050 (162,809)	4,263 (2,007) 134,529
Interest received			432	555
Net cash (used in)/from operating activities			(162,377)	135,084
Cash flows from investing	activities
Purchase oftangible assets			(1,105)
Net cash used in investing activities			(1,105)
Net (decrease)/increase in Cash and cash equivalents	cash and cash at beginning	equivalents ofyear	(163,482) 277,862	135,084 142,778
Cash and cash equivalents	at end ofyear		114,380	277,862

		Unrestricted	Restricted	Total Funds
Donations		Funds	Funds 5	2022 f
Donations Gift Aid tax	received reclaimed	5,835		5,835

ompany Limited by Guarantee otes to the financial statements (continued) ear ended 3t March 2022
Donations and legacies fcourrnued)
	Unrestricted	Restricted	Total Funds
Grants	Funds	Funds f	2022 6
CPP (Creative People and Places) (ACE -Arts Council England) Local Authority Funding Leap into Dance (ACE -Arts Council England) Loneliness Project (ACE -Arts Council England) Cambridgeshire ACRE CC Futures (Bridge) The Independent Cinema Office Cambridgeshire Community Foundation Kickstart scheme Creative Spaces (ACE -Arts Council England) Postcode Neighbourhood Trust	12,350	147,254 17,000 1,334 3,100 2,000 3,275 6,150 4,699 4,995	147,254 17,000 1,334 3,100 2,000 3,275 6,150 4,699 12,350 4,995
Arts Council Covid Grant CJRS Grant Income Other Covid Grant Income	652	9,000	9,000 652
	18,837	198,807	217,644
	Unrestricted	Restricted	Total Funds
Donations	Funds 6	Funds E	2021 5
Donations received Gift Aid tax reclaimed	3,701 487	970	4,671 487
Grants
CPP (Creative People and Places) (ACE -Arts Council
England) Local Authority Funding	(481)	243,372	242,891
Leap into Dance (ACE -Arts Council England) Loneliness Project (ACE - Arts Council England) Cambridgeshire ACRE		27,900	27,900
CC Futures (Bridge) The Independent Cinema Office		28,000	28,000
Cambridgeshire Community Foundation
Kickstart scheme
Creative Spaces (ACE -Arts Council England) Postcode Neighbourhood Trust Arts Council Covid Grant CJRS Grant Income Other Covid Grant Income	12,615 19,907	19,980 10,010 88,950	19,980 10,010 88,950 12,615 19,907
	36,229	419,182	455,411

	Unrestricted	Restricted	Total Funds
Babylon gallery Ely cinema ADeC live events Sundry earned income Contract income from projects Workshop fees	Funds 11,810 26, 'I88 611 9,012 37,300	Funds f 533 2,450	2022 8 11,810 26,188 611 9,545 39,750
	84,921	2,983	87,904
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
Babylon gallery Ely cinema ADeC live events Sundry earned income Contract income from projects Workshop fees	8 5,336 5,037 1,871 1,832 31,000 425	900 1,339	6,236 5,037 1,871 3,171 31,000 425
	45,501	2,239	47,740

			Unrestricted	Total Funds	Unrestricted	Total Funds
	Rental income from Gallery lettings		Funds 8 3,452	2022 6 3,452	Funds 8 1,138	2021 1,138
8.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
	Interest receivable		432	8 432	8 555	5 555

Analysis ofsupport	costs
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
Premises costs Staff costs General office costs		17,075 8,396 104	6 12,280 149,826 1,437	6 29,355 158,222 1,541
		25,575	163,543	189,118
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
Premises costs Staff costs General office costs		12,824 20,965 1,933	6 12,172 179,069 21,666	24,996 200,034 23,599
		35,722	212,907	248,629
Net (expenditure)/income
Net (expenditure)/income	is stated after charging/(crediting):
			2022	2021
Depreciation oftangible	fixed assets		6 984	6 642

	2022	2021
Wages and salaries Employers Nl Pension costs	218,959 13,991	f 179,498 15,738
	4,852	3,875
	237,802	199,111

					Gallery and
					cinema
					equi pment
	Cost				8
	At 1 April 2021
	Additions				51,310
	At 31 March	2022			1,105
					52,415
	Depreciation
	At 1 April 2021
	Charge for the year				47,704 984
	At 31March	2022
					48,688
	Carrying amount
	At 31March	2022
	At 31 March	2021			3,727
					3,606
16.	Stocks
	Raw materials	and consumables		2022 f 812	2021 583
17.	Debtors
				2022	2021
	Trade debtors			8
	Prepayments Other debtors	and accrued income		10,149 21,378 3,717	5,063 3,449 4,812
				35,244	13,324
18.	Creditors: Amounts		falling due within one year
				2022	2021
	Trade creditors			8	8
	Accruals and deferred income Social security and other taxes Other creditors			14,815 46,879 4,166	9,303 11,451 928
				11,061	1,761
				76,921	23,443

. Deferred income	. Deferred income	. Deferred income
Deferred income comprises refundable income in accordance with the conditional			cinema ticket terms and as	sales and gallery hire, along set by the grant provider.			with grants and
Balance as at 1 April 2021 Amount released to income earned from Amount deferred in year Balance as at 31 March 2022			charitable activities				6 9,551 (9,551) 31,936 31,936
Analysis ofcharitable	funds
Unrestricted funds
General funds Designated funds		At 1 April 2021 6 36,769	Income 107,642	Expenditure (82,381)		Transfers (6,355) 6,355	At 31 March 2022 6 55,675 6,355
		36,769	107,642		(82,381)		62,030
Restricted funds
Creative People and		At 1April 2021 6	Income 6	Expenditure 6		Transfers	At 31March 2022 6
Places Loneliness Project (ACE-		91,568	164,704		(248,759)		7,513
Arts Council England) Leap Into Dance (ACE-		27,150	3,100		(30,250)
Arts Council England) CC Futures (Bridge) Creative Spaces (ACE-		2,766 31,465	1,592 3,275		(4,358) (34,740)
Arts Council England) Postcode Lottery ACE Covid-'l9 Culture Recovery Fund Rural Touring Project Large Marg Dance		38,837 9,868 (19) 33,528	5,270 9,000 2,000		(43,107) (9,868) 19 (42,528) (2,000)		1,000
Project FHSE Building			1,500				1,500
Connections Project East Cambs Primary			6,150		(6,150)
School Pop-Up Events			5,199				5,199
		235,163	201,790		(421,741)		15,212

21	. Analysis ofnet assets between funds	. Analysis ofnet assets between funds
	As at31Narch 2022
			Unrestricted	Designated	Restricted
			Funds	Funds	Funds
	Tangible fixed assets Current assets		3,727 51,948	6 6,355	15,212
	Net Assets		55,675	6,355	15,212
	As at31March 2021
			Unrestricted	Designated	Restricted
	Tangible fixed assets Current assets		Funds 3,606 33,163	Funds	Funds 235,163
	Net Assets		36,769		235,163
22.	Analysis ofchanges	in net debt
					At
			At 1 Apr 2021	Cash flows	31 Mar 2022
	Cash at bank and in hand		277,862	8 (163,482)	6 114,380
23.	Related parties