# ## ## ## ||||||||Page| |---|---|---|---|---|---|---|---| |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| ## ## ## ## ## ## ||Unrestricted|Restricted|Total Funds| |---|---|---|---| ||Funds|Funds|2022| |Direct costs
Support costs|56,806
25,575|6
258,198
163,543|6
315,004
189,118| ||82,381|421,741|504,122| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2021| |Direct costs
Support costs|32,112
35,722|E
96,265
212,907|r
'/28,377
248,629| ||67,834|309,172|377,006| |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| |---|---|---|---|---|---| |Fees payable|to the independent||examiner for:||6| |Independent
Tax advisory|examination
services|ofthe|financial statements|1,905|2,000| |Other financial services||||2,625|175
1,751| |||||4,530|3,926| ## |||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|||||