| FOR THE | YEAR ENDED | 32w 3ULY 2022 | |||
|---|---|---|---|---|---|
| Unrestricted | Restdcted | ||||
| INCOME FROM | Notes | Funds I |
Funds I |
2022 I |
2021 I |
| Donations and legacies | 2 | 46,617 | 46,617 | 210,704 | |
| Charitable activities |
|||||
| Studio and Gallery hire and |
3 | 295,841 | 295,841 | 289,344 | |
| exhibitions | |||||
| Other trading activities |
|||||
| Cafeteria and other trading | 124,176 | 124,176 | 23,936 | ||
| income | |||||
| Investment | |||||
| Total | 466 634 | 466634 | 523984 | ||
| EXPENDITURE ON | |||||
| Raising funds | |||||
| Trading: Cost ofgoods sold | |||||
| and other costs | 123,000 | 123,000 | 47,880 | ||
| Other | 8,189 | 8,189 | 8,062 | ||
| Charitable Activities |
|||||
| Studio and Gallery hire and |
|||||
| exhibitions | 5 | 405,883 | 405,883 | 484,961 | |
| Total Resources Expended | 537072 | 537072 | 540 903 | ||
| Income/(Expenditure) for the |
year | (70,438) | (70,438) | (16,919) | |
| Transfers between funds | |||||
| NET MOVEMENT IN FUNDS | |||||
| Total funds brought forward | 11,177 | 3,139 | 14,316 | 31,235 | |
| Total funds carried forward | 59261 | 3 139 | 56 122 | 14316 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| E | |||||||
| Cash flows from operating | activities: | ||||||
| Net cash provided by/(used |
in) operating | activities | (45,696) | (37,559) | |||
| Cash flows from investing | activities: | ||||||
| Purchase of property, plant and equipment |
(3,454) | (1,626) | |||||
| Proceeds from sale ofassets | |||||||
| Net cash provided by/(used |
in) investing | activities | (3,454) | (1,626) | |||
| Cash flows from financing | activities | ||||||
| Cash inflows/(oufflows) from |
borrowing | (2,351) | (1,667) | ||||
| Net cash provided by (used in) financing |
activities | (2,351) | (1,667) | ||||
| Change in cash and cash equivalents reporting period |
in the | (51,501) | (40,852) | ||||
| Cash and cash equivalents reporting period |
at the beginning | ofthe | 63,915 | 104,767 | |||
| Cash and cash equivalents reporting period |
at the end | of | the | 12,414 | 63,915 | ||
| Reconciliation | ofnet income/(expenditure) | to net cash flow from operating | |||||
| activities |
| activities | p | g | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | E | ||||||
| Net income/(expenditure) | for the | reporting | period | (70,438) | (16,919) | ||
| Depreciation charges |
1,042 | 351 | |||||
| (Increase)/decrease | in | debtors | 14,393 | (518) | |||
| Increase/(decrease) | in | creditors | 9,307 | (20I473) | |||
| Loss on sale of assets | |||||||
| iyat cash provided | by/Pusadin/ | operating activities | (45,696) | (37,559) | |||
| Analysis ofchanges | in | Net Debt | At | 1.8.21 | Cash Flows | At31.7.22 | |
| E | E | E | |||||
| Cash and cash equivalents | 63,915 | (51,501) | 12,414 | ||||
| Bounce Back Loan | 48 333 | 2 351 | 45 982 | ||||
| 15,582 | 49 150 | (33,568 |
| DONATION | S | AND LE | GA | CIES | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | |||||
| E | E | E | E | |||||
| Government | grants | 20,517 | ||||||
| Arts Council | grant | 31,311 | 31,311 | 161,259 | ||||
| COVID | Grant | Islington | 28,928 | |||||
| Borough | ||||||||
| Donations | 15306 | 15306 | ||||||
| 46 617 | 46 617 | 21D | 7D4 | |||||
| NCOME FROM CHARITABLE ACTIVIl1ES | ||||||||
| Unrestricted | Restricted | 2022 | 2021 | |||||
| E | E | E | ||||||
| Studio Rental | 215,372 | 215,372 | 212,681 | |||||
| Gallery Hire |
2,212 | 2.212 | ||||||
| Exhibitions | and Classes | 78 257 | 70 257 | 76 | 663 | |||
| 295 841 | 295841 | 289 | 344 | |||||
| COSTS OF GENERAl1NG | FUNDS | |||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Promotional | Costs | 115 | 285 | |||||
| Support Costs | 8 074 | 7 | 777 | |||||
| 8,189 | 8,062 | |||||||
| HARITABL | E | ACTIVITIES | ||||||
| Studio and | Gallery Hire | and Exhibitions | ||||||
| DIIectCosts | Snppolt Costs | 2022 | 2021 | |||||
| and | ||||||||
| Governance | ||||||||
| E | E | E | E | |||||
| Projects | 30,600 | 8,074 | 38,674 | 47,977 | ||||
| Exhibitions | and Classes | 162,497 | 26,645 | 189,142 | 218,288 | |||
| On Facilities | Provided | 140118 | 37949 | 170067 | 218 | 696 | ||
| 333215 | 72,660 | 405 803 | 484 | 961 | ||||
| COMPARATIVE 2021 | Dire*Costs | Suppo*Costs | 2021 | |||||
| and | ||||||||
| Governance | ||||||||
| E | E | E | ||||||
| Projects | 40,200 | 7,777 | 47,977 | |||||
| Exhibitions | and Classes | 192,624 | 25,664 | 218,288 | ||||
| On Facilities | Provided | 182 144 | 36 552 | 210606 | ||||
| E414,968 | E69,993 | E484,961 |
| NVEST | MENT IN | SUBSIDIARY UNDERTAKING PARE |
NT COMPANY | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| At Cost | E | E | ||
| 100%Ord. Share | Capital of Candid Arts | |||
| Trading | Company | Limited | 10 | 10 |
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Group | Parent | Group | Parent | ||
| E | E | E | E | ||
| Amount | due from subsidiary | ||||
| company | |||||
| Other Debtors and | |||||
| Prepayments | 172 | 116 | 14565 | 14564 | |
| 172 | 116 | 14565 | 14564 |
| 2022 | 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|
| Group | Parent | Group | Parent | |||
| E | E | E | E | |||
| Bank Balances | 12414 | 12267 | 63515 | 63 775 | ||
| 12,414 | 12,267 | 63,915 | 63,778 | |||
| REDITOR | S: Amounts | falling due within one year | ||||
| 2022 | 2022 | 2021 | 2021 | |||
| Group | Parent | Group | Parent | |||
| E | E | E | E | |||
| Amount | due | to | ||||
| subsidiary | company | 13,693 | 4,953 | |||
| Accruals and Other | ||||||
| Creditors | 40,316 | 17,589 | 31,009 | 20,614 | ||
| Bank loans | and | 45,982 | 48,333 | |||
| overdraft | ||||||
| 86,298 | 31,282 | 79,342 | 25,567 |
| FOR THE YEAR ENDED 3iw 3U | LY2021 | ||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Funds | Funds | 2022 | |
| INCOME FROM | I | 6 | I |
| Donations and legacies |
210,704 | 210,704 | |
| Charitable activities | |||
| Studio and Gallery hire and | 289,344 | 289,344 | |
| exhibitions | |||
| Other trading activities | |||
| Cafeteria and other trading | 23,936 | 23,936 | |
| income | |||
| Investment | |||
| Total | 523984 | 523984 | |
| EXPENDITURE ON | |||
| Raising funds | |||
| Trading: Cost ofgoods sold | 47,880 | 47,880 | |
| and other costs | |||
| Other | 8,062 | 8,062 | |
| Charitable Activities |
|||
| Studio and Gallery hire and |
484,961 | 484,961 | |
| exhibitions | |||
| Total Resources Expended | 540 903 | 540903 | |
| Income/(Expenditure) for the year |
(16,919) | (16,919) | |
| Transfers between funds | |||
| NET MOVEMENT IN FUNDS | |||
| Total funds brought forward | 28,096 | 3,139 | 31,235 |
| Total funds carried forward | 11177 | 3139 | 14316 |