2022-03-31-accounts - Yorkshire Artspace Society

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			Page
Report ofthe Trustees		1	Io	10
Report ofthe Independent	Auditors	11	Io	12
Statement ofFinancial Activities			13
Balance Sheet			14
Notes to the Financial Statements		15	to	22

			ear	Ended 31 March	202
						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	8	5	5	f
INCOME AND ENDOWMENTS		FROM
Donations and grants				2,145		2,145	55,131
Charitable activities
Support and promotion	ofarts and cralts			380,952	46,748	427,700	373,266
Total				383,097	46,748	429,845	428,397
EXPENDITURE ON
Charitable activities
Support and promotion	ofarts and crafts			370,438	150,692	521,130	537,303
NET INCOME/(EXPENDITURE)				12,659	(103,944)	(91,285)	(108,906)
RECONCILIATION OF	FUNDS
Total funds brought forward				57,944	3,797,531	3,855,475	3,964,381
TOTAL FUNDS CARRIED FORWARD				70,603	3,693,587	3,764,190	3,855,475

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	31 March	2022
	Notes		2022f	2021f
FIXEDASSETS
Tangible assets	12		3,681,339	3,808,672
CURRENT ASSETS
Debtors	13		38,094	5,531
Cash at bank			137,138	114,507
			175,232	120,038
CREDITORS
Amounts falling due within one year	14		(92,381)	(73,235)
NET CURRENT ASSETS			82,851	46,803
TOTAL ASSETSLESSCURRENT LIABILITIES			3,764,190	3,855,475
NET ASSETS			3,764,190	3,855,475
FUNDS	17
Unrestricted funds			70,603	57,944
Restricted funds			3,693,587	3,797,531
TOTAL FUNDS			3,764,190	3,855,475

DONATIO	N	S AND GR	A	NTS
								2022f	2021f
Grants								2,145	55,131
Grants received, included				in the	above, are as follows'.
								2022f	2021
Exceptional		coronavirus		grants				2,145	55,131
INCOME FROM CHARITABLE					ACTIVITIES
					Activity			2022f	2021f
Grants					Support and promotion	ofarts and crafts		118,523	73,192
Members'	contributions				Support and promotion	ofarts and craRs		307,085	297,962
Programme		income			Support and promotion	ofarts and crafts		492	2,112
Other income					Support and promotion	ofarts and crafts		1,600
								427,700	373,266
Grants received, included				in the	above, are as follows:
								2022 f.	2021f
Aria Council		regular funding						73,192	73,192
Communal		kiln and engagement			project			45,331
								118,523	73,192
CHARITABLE ACTIVITIES COSTS
							Grant
							funding of
							activities	Support
						Direct	(see note	costs (see
						Costs f	6)	note 7) f	Totalsf
Support and		promotion	ofarts and crafts			510,460	5,720	4,950	521,130

Grants payable to individuals in	the year	as part ofthe charitable
			2022 f	2021 f
Microgrants awarded to arts and	craRs businesses		5,720	1,248
SUPPORT COSTS
				Governance
				costs
Support and promotion ofarts and crafts				4,950
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after		charging/(crediting):
			2022f	2021f
Auditor's fees for audit services			1.650	1,540
Auditor's fees for non-audit services			2,000	2,090
Depreciation - owned assets			135,990	138,578
Other operating leases				24
Government arts grant			(106,023)	(73,192)
Government coronavirus grants Exceptional studio costs			(2,145)	(55,131) 17,293
Professional fees included in governance		costs	1,30O
TRUSTEES' REMUNERATION	AND BENEFITS

STAFF COSTS
				2022	2021
Wages and salaries				143,074	139,201
Social security costs				7,572	10,386
Other pension costs				3,290	2,806
				153,936	152,393
The average monthly	number ofemployees		during the year was as follows:
				2022	2021
Charitable activities				5	6
No employees received emoluments		in excess off60,000.

					Unrestricted	Restricted	Total
					funds	funds	funds
					E	E	E
INCOME AND ENDOWMENTS			FROM
Donations and grants					55,131		55,131
Charitable activities
Support and promotion		ofarts and crafts			297,991	75,275	373,266
Total					353,122	75,275	428,397
EXPENDITURE ON
Charitable activities
Support and promotion		of arts and crafts			326,235	211,068	537,303
NET INCOME/(EXPENDITURE)					26,887	(135,793)	(108,906)
RECONCILIATION	OF	FUNDS
Total funds brought	forward				31,057	3,933,324	3,964,381
TOTAL FUNDS CARRIED FORWARD					57,944	3,797,531	3,855,475
TANGIBLE FIXEDASSETS
			Long
			leasehold	Long
			building	leasehold
			(Exchange	building		Furniture
			Place	(Persistence	Plant and	and
			Studios)	Works)	machinery	equipment	Totals
			E	E	E	E
COST
At 1 April 2021			847,622	5,222,259		161,707	6,231,588
Additions					8,424	233	8,657
At 31 March 2022			847,622	5,222,259	8,424	161,940	6,240,245
DEPRECIATION
At 1 April 2021			230,565	2,082,411		109,940	2,422,916
Charge for year			21,191	104,445		10,354	135,990
At 31 March 2022			251,756	2,186,856		120,294	2,558,906
NET BOOK VALUE
At 31 March 2022			595,866	3,035,403	8,424	41,646	3,681,339
At 31 March 2021			617,057	3,139,848		51,767	3,808,672

DEBTORS:AMOUNTS F	ALLING D	UE WITHIN ONE YEAR
					2022	2021f
Trade debtors					5,263	5,531
Prepsyments and accrued	income				32,831
					38,094	5,531
CREDITORS: AMOUNTS	FALLING	DUE WITHIN ONE YEAR
					2022f	2021 f
Trade creditors					41,341	22,053
Members' deposits					17,329	18,418
Social security and other taxes					5,695	12,036
Accruels and deferred income					28,016	20,728
					92,381	73,235
LEASING AGREEMENTS
The minimum future lease	payments	falling due are:
			2022 f			2021 f
Within one year				100		100
In the second to fifth years				400		400
After more than five years			9,700			9,800
			10,200			10,300

ANALY	SIS OF NET ASSETSBETW	EEN FUNDS
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	fundsf	funds f	fundsf
Fixed assets		9,229	3,672,110	3,681,339	3,808,672
Current	assets	153,343	21,889	175,232	120,038
Current	liabilities	(91,969)	(412)	(92,381)	(73,235)
		70,603	3,693,587	3,764,190	3,855,475

MOVEMENT IN FUN	DS
								Net	Transfers
								movement	between	At
							At 1.4.21	in funds	funds	31.3.22
								f
Unrestricted funds
General fund							46,803	14,804	(23,579)	38,028
Fixed assets fund							11,141	(2,145)	233	9,229
Planned Property Cost									22,346	22,346
Artist Development									1,000	1,000
							57,944	12,659		70,603
Restricted funds
National Lottery Building Costs							2,258,891	(74,866)		2,184,025
ERDF Building Costs							872,756	(29,308)		843,448
English Partnerships	Building Costs						8,201	(271)		7,930
Arts Council development		project					738	(148)		590
Arts Council Small Capital		Grant					462,500	(12,500)		450,000
Sheffield City Council	donation			in	kind		86,950	(2,350)		84,600
Capital donations 8,fundraising							9,051	(245)		8,806
Required contribution	from	retained				funds to
capital project							98,444	(14,157)		84,287
Arts Council NLPG for communal					kiln and
engagement project								28,901		28,901
Other contributions to	communal				kiln and
engagement project								1,000		1,000
							3,797,531	(103,944)		3,693,587
TOTAL FUNDS							3,855,475	(91,285)		3,764,190
Net movement in funds, included					in	the above are as follows:
								Incoming	Resources	Movement
								resources f	expended f	in funds f
Unrestricted funds
General fund								383,097	(368,293)	14,804
Fixed assets fund									(2,145)	(2,145)
								383,097	(370,438)	12,659
Restricted funds
National Lottery Building Costs									(74,866)	(74,866)
ERDF Building Costs									(29,308)	(29,308)
English Partnerships Building Costs									(271)	(271)
Programme Activity								417	(417)
Arts Council development project									(148)	(148)
Arts Council Small Capital Grant									(12,500)	(12,500)
Sheffield City Council	donation		in		kind				(2,350)	(2,350)
Capital donations &fundraising									(245)	(245)
Required contribution	from	retained funds to
capital project									(14,157)	(14,157)
Arts Council NLPG for	communal				kiln and
engagement project								32,831	(3,930)	28,901
Match funding for communal		kiln		and
engagement project								12,500	(12,500)
Other contributions to	communal			kiln		and
engagement project								1,000		1,000
								46,748	(150,692)	(103,944)
TOTAL FUNDS								429.845	(521,130)	(91,285)

						Net	Transfers
						movement	between	At
					At 1.4.20	in funds	funds	31.3.21
						f
Unrestricted funds
General fund						27,498	19,305	46,803
Building Maintenance						(611)	611
Programme Rates Contingency					21,351 9,706		(21,351) (9,706)
Fixed assets fund							11,141	11,141
					31,057	26,887		57,944
Restricted funds
National Lottery Building Costs					2,333,757	(74,866)		2,258,891
ERDF Building Costs					902,063	(29,307)		872,756
English Partnerships	Building Costs				8,473	(272)		8,201
Arts Council development		project			923	(185)		738
Arts Council Small Capital		Grant			475,000	(12,500)		462,500
Sheffield City Council	donation		in kind		89,300	(2,350)		86,950
Capital donations &fundraising					9,296	(245)		9,051
Required contribution	from	retained		funds to
capital project					114,512	(16,068)		98,444
					3,933,324	(135,793)		3,797,531
TOTAL FUNDS					3,964,381	(108,906)		3,855,475
Comparative net movement		in	funds, included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						8	8
Unrestricted funds
General fund						353,122	(325,624)	27,498
Building Maintenance							(811)	(611)
						353,122	(326,235)	26,887
Restricted funds
National Lottery Building Costs							(74,866)	(74,866)
ERDF Building Costs							(29,307)	(29,307)
English Partnerships	Building Costs						(272)	(272)
Arts Council regular funding						73,192	(73,192)
Programme Activity						2,083	(2,083)
Arts Council development project							(185)	(185)
Arts Council Small Capital Grant							(12,500)	(12,500)
Sheffield City Council	donation		in kind				(2,350)	(2,350)
Capital donations &fundraising							(245)	(245)
Required contribution	from	retained		funds to
capital project							(16,068)	(16,068)
						75g75	(211,068)	(135,793)
TOTAL FUNDS						428,397	(537,303)	(108,906)