2023-03-31-accounts - Adec (Arts Development In East Cambridgeshire)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

							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
Notes to the financial statements							14

Reference	and administrative	and administrative	details
Registered	charity	name	ADEC (Arts Development	In East Cambridgeshire)	T/A Babylon Arts
Charity registration		number	1043197
Company	registration number		02999055
Principal office and		registered	Babylon Gallery
office			Babylon Bridge
			Waterside
			Ely
			Gamba
			CB74AU

		L McCord	(Chair)
		TA Veith	(Treasurer)
		D M Bainbridge
		T Coney
		I Downey	BA
		SGreen
		C Harvey
		L Holland	FRSA
		JJephcott
		D Johnson
Secretary		I Downey	BA
Independent	examiner	L Thurston	FCCA
		Lovewell Blake LLP
		Chartered	accountants
		11 Lynn Road
		Ely
		CB74EG

					2023		2022
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	8	8	6	8
Income and endowments
Donations and legacies			5	7,153	334,969	342,122	217,644
Charitable activities			8	92,214	100	92,314	87,904
Other trading activities			7	7,185		7,185	3,452
Investment income			8	67		67	432
Total income				106,619	335,069	441,688	309,432
Expenditure Charitable activities			9	155,508	239,610	395,118	504,122
Total expenditure				155,508	239,610	395,118	504,122
Net income/(expenditure)		and net
movement in funds				(48,889)	95,459	46,570	(194,690)
Reconciliation offunds
Total funds brought	forward			62,030	15,212	77,242	271,932
Total funds carried	forward			13,141	110,671	123,812	77,242

			2023		2022
		Note	5	5	F.	5
Fixed assets
Tangible fixed assets		14		2,717		3,727
Current assets
Stocks		15	668		812
Debtors Cash at bank and in	hand	16	75,226 75,784		35,244 114,380
			151,678		150,436
Creditors: Amounts	falling due within
one year		17	(30,583)		(76,921)
Net current assets				121,095		73,515
Total assets less current liabilities				123,812 '		77,242
Net assets				123,812		77,242
Funds ofthe charity
Restricted funds Unrestricted funds				110,671 13,141		15,212 62,030
Total charity funds		19		123,812		77,242

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
Donations				6
Donations received Giff aid tax reclaimed		6,295 858		6,295 858
Grants
ACE - Arts Council England:
-Creative People &Places -P3 Core -Babylon Young Curators Project -Creative People &Places - Improvement - Creative People &Places -P2 Core Local Authority Funding:	Plan		240,000 32,773 12,000 (380)	240,000 32,773 12,000 (380)
-Creative People &Places -P3 Core -East Gamba Primary School Pop-up Events Project Norwich & Norfolk Festival Trust:			30,000 500	30,000 500
-CC Futures Bridge Project - Norwich & Norfolk Festival Bridge Project Cambridge Community Foundation:			5,800 3,000	5,800 3,000
-Jubilee Fund Cambridgeshire ACRE - Rural Touring Project The Independent Cinema Office:			5,526 2,000	5,526 2,000
- FHSE Building Connections Project - FHSE Film Finds Project 22-23 East Cambridgeshire District Council -Babylon Young Curators Project Inspired by Nature			850 1,850 750 300	850 1,850 750 300
		7,153	334,969	342,122

ended 31 March 2023
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
Donations
Donations received	5,835		5,835
Grants
ACE - Arts Council England:
- Creative People &Places -P2 Core -Culture Recovery Fund -Creative Spaces - Loneliness Project		147,254 6,000 4,995 3,100	147,254 6,000 4,995 3,100
-Leap into Dance		1,334	1,334
Local Authority Funding: -Creative People &Places -P2 Core -Large Marg Project -East Cambs Primary School Pop-up Events Project		15,000 1,500 500	15,000 1,500 500
Norwich & Norfolk Festival Trust:
-CC Futures Bridge Project		3,275	3,275
Cambridge Community Foundation: -East Cambs Primary School Pop-up Events Project		4,699	4,699
Festival Bridge - Culture Recovery Fund Cambridgeshire ACRE - Rural Touring Project		3,000 2,000	3,000 2,000
The Independent Cinema Office: -FHSE Building Connections Project Kickstart scheme	12,350	6,150	6,150 12,350
CJRS Grant Income	652		652
	18,837	198,807	217,644
Charitable activities
	Unrestricted	Restricted	Total Funds
	Funds 5	Funds	2023 f
Babylon gallery Ely cinema ADeC live events	16,322 26,270 828		16,322 26,270 828
Sundry earned income Contract income from projects	5,644 43,150	100	5,644 43,250
	92,214	100	92,314
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	8	5
Babylon gallery Ely cinema ADeC live events	11,810 26,188 611		11,810 26,188 611
Sundry earned income	9,012	533	9,545
Contract income from projects	37,300	2,450	39,750
	84,921	2,983	87,904

Y	ear ended 3f Niarch	ear ended 3f Niarch	202
7.	Other trading activities
	Rental income from Gallery lettings			Unrestricted Funds E 7,185	Total Funds 2023 E 7,185	Unrestricted Funds E 3,452	Total Funds 2022 E 3,452
8.	Investment income
	Interest receivable			Unrestricted Funds E 67	Total Funds 2023 E 67	Unrestricted Funds E 432	Total Funds 2022 E 432
9.	Expenditure on charitable activities
					Unrestricted	Restdicted	TotalFunds
					Funds	Funds	2023
	Direct costs Staff costs General office and premises costs				E 54,195 73,725 27,588	E 102,859 122,557 14,194	E 157,054 196,282 41,782
					155,508	239,610	395,118
					Unrestdicted	Restricted	Total Funds
					Funds	Funds	2022
	Direct costs Staff costs General office and premises costs				E 56,806 8,396 17,179	F 258,198 149,826 13,717	E 315,004 158,222 30,896
					82,381	421,741	504,122
10.	Net income/(expenditure)
	Net income/(expenditure)	is stated aRer charging/(crediting):
						2023	2022
	Depreciation oftangible fixed assets					1,010	984
11.	Independent examination		fees
						2023	2022
Fees payable to the independent examiner for: Independent examination ofthe financial statements Other financial services						2,016	E 1,905
						2,025	2,625
						4,041	4,530

Staffcosts
	2023	2022
	6	8
Wages and salaries Employers Nl Pension costs	182,242 10,819 3,221	218,959 13,991 4,852
	196,282	237,802

14.	No trustee received any remuneration during the year expenses of627 during the year (2022:8Nil). Tangible fixed assets	(2022: 6Nil). One trustee wa	s reimbursed
			Gallery and
			cinema
			equipment
			8
	Cost At1 Apnil 2022 and 31March 2023		52,415
	Depreciation At 1 April 2022 Charge for the year		48,688 1,010
	At 31March 2023		49,698
	Carrying amount At 31 March 2023		2,717
	At 31 March 2022		3,727
15.	Stocks
		2023	2022 f
	Raw materials and consumables	668	812

16.	Debtors
				2023	2022
	Trade debtors				B
	Prepayments Other debtors	and accrued income		899 71,077	10,149 21,378
				3,250	3,717
				75,226	35,244
17.	Creditors: Amounts		falling due within one year
				2923	2022
	Trade creditors
	Accruals and deferred		income	7,229	14,815
	Social security	and other taxes		7,607	46,879
	Other creditors			10,622 5,125	4,166 11,061
				30,583	76,921

Balance	as at 1.April 2022	as at 1.April 2022
Amount Amount	released deferred	to income earned from chadtable in year	activities	31,936 (31,936)
Balance	as at 31	March 2023		1,799
				1,799

Analysis of chadtable funds
Unrestricted funds General funds Designated funds	At 1 Apdl 2022 E 55,675 6,355	Income Expenditure 6 6 106,619 (155,508)		Transfers 6 6,355 (6,355)	At	31March 2023 6 13,141
	62,030	106,619	(155,508)			13,141
Restricted funds	At 1 April 2022	Income Expenditure		Transfers	At	31 March 2023
	6	8	E
Creative People & Places -P2 Large Marg Dance Project Creative Spaces	7,513 1,500 1,000	(380)	(7,133) (1,500) (1,000)
East Gamba Primary School Pop-Up Events Creative People & Places -P3	5,199	500 270,000	(5,699) (193,677)			76,323
Creative People & Places- lmprovement Plan		12,000	(1,760)			10,240
Babylon Young Curators Project CC Futures Bridge Project		33,523 5,900	(9,415) (5,900)			24,108
FHSE Building Connections Project FHSE Film Finds Project 22-23 Inspired By Nature Jubilee Fund		850 1,850 300 5,526	(850) (1,850) (300) (5,526)
Norfolk & Norwich Festival Bridge Project Rural Touring Project		3,000 2,000	(3,000) (2,000)
	15,212	335,069	(239,610)			110,671

ar ended 31 March 2023
Unrestricted funds
General funds Designated funds	At 1 April 2021f 36,769	Income 8 107,642	Expenditure 6 (82,381)	Transfers 8 (6,355) 6,355	At 31 March 2022 8 55,675 6,355
	36,769	107,642	(82,381)		62,030
Restricted funds
Creative People &Places -P2 Loneliness Project Leap Into Dance CC Futures Bridge Project Creative Spaces Postcode Letter ACE Covid-1 9 Culture Recovery Fund Rural Touring Project Large Marg Dance Project FHSE Building Connections Project East Gamba Primary School	At 1April 2021 E 91,568 27,150 2,766 31,465 38,837 9,868 (19) 33,528	Income K 164,704 3,100 1,592 3,275 5,270 9,000 2,000 1,500 6,150	Expenditure (248,759) (30,250) (4,358) (34,740) (43,107) (9,868) 19 (42,528) (2,000) (6,150)	Transfers At 31March 2022 E 7,513 1,000 1,500
Pop-Up Events		5,199			5,199
	235,163	201,790	(421,741)		15,212

Analysis ofnet assets between As af31March 2023	funds
	Unrestricted	Designated	Restricted	TotalFunds
Tangible fixed assets Current assets	Funds 2,717 10,424	Funds	Fundsf 110,671	2023 2,717 121,095
Net Assets	13,141		110,671	123,812
As at31March 2022
	Unrestricted Funds	Designated Funds	Restricted Funds	Total Funds 2022
			E'
Tangible fixed assets Current assets	3,727 51,948	6,355	15,212	3,727 73,515
Net Assets	55,675	6,355	15,212	77,242

The total	lease payments	leases are as	follows:
		2023	2022
Not later than 1 year Later than 1 year and not Later than 5years	later than 5years	8 15,000 51,250	5 14,000 56,000 5,833
		66,250	75,833