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||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|
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|||||||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|
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|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|||
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|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|
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||||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|
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|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|