# ## ## ## ## ## ## ## ## ||||Unrestricted|||| |---|---|---|---|---|---|---| |INCOISK FttOft||fhnes|Fun'|Funds
I||| |Oonettons|and legacies|2|210,704||210,704|96,924| |Charhahle|ac5vNee|||||| |Studio end|Gagery hire and|3|289,344||289,344|349k13| |exhibitions||||||| ||||23,936||23,936|150,739| |Total|||523984||523 984|597276| |Raadng funds||||||| |Trading: Costofgoods sold
and other costs|||47,880||47,SSD|174,938| |Other|||S,062||8,062|6,008| |Charitable|Acthd5es|||||| |Studio and|Gallery hire and|||||| |exhibgions||5|4S4,961||484,961|398,094| |Total Resources Experuled||||||| |Income/(Expendhure)
forthe||year|(16,919)||(16,919)|18,236| |Transfers bebeeen Rmds||||||| |NET fSOVEMENT IN FUNOS||||||| |Total f'unde|brought forwanl||28,096|3,139|31235|12,999| |Total Amds|carrted forward||611177|E3139|614316|631235| ||||||2021||2020| |---|---|---|---|---|---|---|---| ||||||E||E| |Cash flows from oporubng|acth¹tlest||||||| |lect cash provided by/(used
In) operating|||sch&ritles||(37,559)||50,135| |Cash flows Item investing|actlvltlest||||||| |Purchase ofproperty, pint aod equipment|||||(1,626)||| |Proceetb from sate afassets|||||||| |Net cash prot¹ded by/(used
ln) investing|||acgvttfss||(1,626)||| |Cash flows from finsndng|acth¹tlss||||||| |Cash irISows/(outfhws)
from|borrowing||||(1,667)||50,000| |lectcash provided
by (used In) gnsndng|||cthh¹thw||(1,667)||50,000| |Clvsnge ln cash and cash
letsoltlng
parsed
Cash and cash equivalents
reporting period|equivalents
In the
atthe beginning ofthe||||(40~)
104,767||-4,632| |Cash and cash rniulvalents
reporting
period|atthe end|ofthe|||63,915||104,767| |Rscondtiation|ofnet income/(expenditure)|||tonet cash flow from opensting|||| |actlvees|||||||| ||||||2021||2020
'| ||||||||E| |Stet income/(expenditure)|for the reporting||period||(16,919)||18,236| |Deprech0on
charges|||||351||102| |(1ncrease)/decrease
In debtors|||||(518)||(2,445)| |I~(deoreem)
in creditors|||||{20,473)||34,242| |toss on sale ofassets|||||||| |issjfcssj/r/srotddsrfby/fuses//rs)
ttpnrsrf/sbf scfdetfss|||||(37,559)||50,135| |Analysis ofchangeo ln Shit debt|||At1.L20||' Cash flows|At|31.7.21| |||||E|E||E-| |Cash and cash equivalents||||104,767|(40,852)||63,915| |Bounce Sack Loan||||50000|1667||48333| |||||E54767|39185||E15582| ## ## ## ||||Unwstriobad
f||202K
E|| |---|---|---|---|---|---|---| |GoMernrnent
Arts Counrg
CO((itO|grants
grant
Grant|tslington|20,517
161,259
28,928||20,517
161,259
2&,928|| |Borough|||E210704||6210704|E-| |NCOIIE FROss CIIARITASLE|||ACTIVITIES|||| ||||Vrrrestrtctod||2021|2020| ||||||E|E| |Studio Rental|||212,681||212,681|229,293| |Gaiety Hue
Exh(bibons|and Gasses||76663||76663|1,775
118545| |||||6-|E289341|6340613| ## ## ## ## |7,|STAFF COSTS||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||2021||2020||| ||Gross Salaries||||||||||53,352||68,768||| ||Social SecurNy costs
Penskrn costs||||||||||4,635
1132||4,097
610||| |||||||||||E59119||673475|||| ||Key
rrenagement
remuneration||personnel|||||||E38,851||E42,423|||| ||The average number|oFemployees|||during the||year|was|2(2020; 4),||||||| ||Mo emphyee
earned|E60,000pa or more.|||||||||||||| ||||||||Works of||||||||| |||||||||Art||Colllplrtura|Oeselop-||||| |||||Film|||SEStudio|||Hxtureo Sr||ment|||| |||||Equipment|||Assets|||FltNngo||Casks|.|Total|| ||||||E|||E||E||6||E|| ||At 192 August
Additions||||4,674|||8,780||72,003
1626||18,570||104,027
1626|| ||At 31"July||||4074|||0780||73029||19570||105653|| ||Oeprad ation:
At 1» August||||4,674|||8,780||58,100||187570||90,124|| ||provided
dwlng the|year||||||||351|||||351| ||At 31»July||||4674|||0780||50401||10570||90475|| ||Net SookValue et||||||||||||||| ||Sl+3uly 2021
Net Gook Value at
315r3uty 2020||||||||1-|E15170
513903||E15170
I5;139113|||| |9.|INVSSTl5tSNT 1N SUSSXONARY||||UNOSRTAtQNG|||PARENT||CO96PANY|||||| ||||||||||||2021||2020||| ||At Cost:||||||||||E|||E|| ||10096Ord. Share CapNal of|||Candid Arts|||||||||||| ||Trading Company t.imhad||||||||||10||||| ||The turnrwer
of candid||Arts|Trading||company|Umlted||was|E33,118(2020:f150,739) and|||the||| ||loss for theyear
was|E14,762 (2020:||||f16,160).The net liablWes at 31July|||||2021 amounted|||to|| ||E(38,399)(2020:E(23,637).||||||||||||||| |10.|DESTO'|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||2021|||2021||2020||2020| ||||||Group|||Parent||Group||Parent| |||||||E|||E||E|E| ||Amount due from subskmry|||||||||||8,118| ||company|||||||||||| ||Other Debtors and|||||||||||| ||Pna payments||||14565
114555||14
514||Mf
Mf|14047
114047||13991
522 109| |11.|CASH AT|SANE AND||IN HAND||||||||| ||||||gal||2021|||2020||2020| ||||||Group||Parent|||Group||Parent| ||||||E||E|||E||E| ||Bank Balances||||63956||63775|||504767||7071$| ||||||E63,915||E63,778|||E104,767|E70,700|| |12.|CREDITOltSI Amounts|||falling|due vvlthln|one|year|||||| ||||||2021||2021|||2020||2020| ||||||Group||Palent|||Group||Parent| ||||||E||E|||E||E| ||Amount|due|to|||||||||| ||subskSaly|company|||||4,953|||||| ||Accruals and Other|||||||||||| ||Creditors||||79342||20 614|'||101492||37937| ||||||E79,342||E25,567|||E101,482||~7937| ## ## ## ## ## ## ## |RESTRICTED|FUNDS||||||| |---|---|---|---|---|---|---|---| |||Salance|||||Salanoe| |||b/f|Inlerest|Income|||c/f| |||E|E|f.|||| |Golders Green|project|1,684|||||1,684| |Film Equipment||1455
E3139|f-|f-|E-|E-|1455
E3139| |||Salance|||||Science| |||b/f|Inbnest|Income|||c/f| |||E|E|E|||E| |||1,684|||||1,684| |||1455|||||1455| |||f3139|E-|f-|f-|E-|E3139| |NACTED|FUNDS||||||| ||||2021|2021|2020||2020| ||||Group
E|panmt
E|Groupf||parentf| |General Reserve|||49,576|49,576|51,733||51,743| |fioruchantable|funds held|in|(38,399)||||| |subsidiary|||||23637||| ||||111177|~777 K|~7777||~751 17| ## ## ## ## ## |FORTHK YEAR ENPEP Si~3U|LY2020||| |---|---|---|---| ||Unrestricted|Restrlcbsd|| |KNCONE FROr4|Funds
f|Funds
f|2020
f| |Oonetlons and teSactes|96,924||96,924| |Charltaide acSvlttes|||| |Studio and Gallery hire and|||| |errhibtuons|349,it13||349,613| |Other tradlnS activities
~and other trading|||| |income|150,739||150,739| |total|f597276|f-|f597
76-| |RIPENPITURE ON|||| |RalstnE funds|||| |Trading: Costof9oods sold|||| |and other costs|174,938||174,938| |Other|6,008||6,008| |CharRable ActlvRtes|||| |Studio and Gallery hire and|||| |exhibldons|||| |Total Resources Expended|f579040|&|f579040| |Jncornel(Expenditure)
forthe tnrar
Tnmshm
between funds|18,236||18,236| |NET NOVEPIENT 111FUNPS|||| |TotsfItrnds brought forsrurd||3,139|12,999| |Total Iiunds aurted forward|f28096|||