# ## ## ## ||||||||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|3|||||| |---|---|---|---|---|---|---|---|---|---| |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|future minimum|lease payments|under non-cancellable|operating|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|