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|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|
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||||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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|---|---|---|---|---|
||~BI|sr|||
||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|
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|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|
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|Grants payable to individuals
in|the year|as part ofthe charitable|activity were as follows.|||
|---|---|---|---|---|---|
|||||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|||||
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|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.||||
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||||||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|
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|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|
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|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|
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|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)|
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|||||||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)|
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