## |Page|||| |---|---|---|---| |Report ofthe Trustees|2|to|11| |Independent
Examiner's
Report||12|| |Statement ofFinancial Activities||13|| |Balance Sheet|14|to|1S| |Cash Flow Statement||1G|| |Notes tothe CashFlowStatement||17|| |Notes to the Financial Statements|18|to|27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Restricted|Total|Total| |||Funds|funds|Development|funds|funds| ||Notes|E||||| |INCOME AND||||||| |ENDOWMENTS
FROM
Donations
and legacies||||||1,429| |Charitable
activities
Artistic Productions||335,381|14,180||349,561|563,199| |Other trading activities
Investment
income||137
5,508|||137
5,508|4,167
9,043| |Total||341,026|14,180||355,206|577,838| |EXPENDITURE ON||||||| |Charitable activities
Artistic Productions
Support costs|6|84,506
303,943|14,180|14,356|84,506
332,479|255,523
327,011| |Total||388,449|14,180|14,356|416,985|582,534| |NET INCOME/[EXPENDITURE]||(47,423]||(14,356]|(61,779]|[4,696)| |Transfers between funds|17|28,391|-|[28,391]||| |Net movement
in funds||[19,032]||(42,747)|[61,779)|[4,696]| |RECONCILIATION
OF||||||| |FUNDS||||||| |Total funds brought forward||322,006||138,411|460,417|465,113| |TOTAL FUNDS CARRIED
FORWARD||302,974||95,664|398,638|460,417| ||||2021|2020| |---|---|---|---|---| |||Notes|E|E| |FIXEDASSETS
Tangible assets||13|99,155|116,027| |CURRENT ASSETS
Debtors
Cash at bank and in hand||14|34,215
354,857|46,074
350„342| ||||389,072|396,416| |CREDITORS
Amounts
falling due within|one year|15|[89,589]|[52,026)| |NET CURRENT ASSETS|||299,483|344,390| |TOTAL ASSETSLESSCURRENT LIABILITIES|||398,638|460,417| ||||398,638|460,417| |FUNDS||17||| |Unrestricted
funds:
General fuhd
Designated
fund - furld set|up to ensure the||135,974
135,000|170,006
120,000| |smooth closing ofthe charity should the need||||| |arise.
Designated
fund
-Artist fund to support further|||32,000|32,000| |project work.||||| ||||302,974|322,006| |Restricted funds:
SEEDA- towards leasehold
improvements
Arts Council of England South East -towards|||9,570
86,094|14,546
123,865| |leasehold
improvements||||| ||||95,664|138,411| |TOTAL FUNDS|||398,638|460,417| |Notes|2021
f|2020
E| |---|---|---| |Cash flows from operating activities
Cash generated
from operations|5,323|(105,606]| |Net cash provided
by/(used
in) operating activities|5,323|[105,606]| |Cash flows from investing
activities
Purchase oftangible fixed assets
Interest received|(1,416]
608|2,243| |Net cash [used in)/provided
by investing activities|(808]|2,243| |Change
in cash and cash equivalents
in the
reporting
period|4,515|[103,363]| |Cash and cash equivalents
at the beginning
ofthe reporting
period|350,342|453,705| |Cash and cash equivalents
at the end ofthe
reporting
period|354,857|350,342| |RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|ACTIVITIES
2021
E|2020
f| |---|---|---|---| |Net expenditure
for the reporting
Financial Activities)|period [as per the Statement of|[61,779]|[4,696]| |Adjustments
for:
Depreciation
charges
Interest received
Decrease in debtors
Increase/(decrease)
in creditors||18,289
(608]
11,858
37,563|18,045
(2,243]
79,204
[195,916]| |Net cash provided
by/(used
in)|operations|5,323|| |ANALYSIS OFCHANGES IN NET FUNDS|||| |---|---|---|---| ||At 1.4.20
E|Cash flow
f|At 31.3.21
E| |Net cash
Cash at bank and in hand|350,342|4,515|354,857| ||350,342|4,515|354,857| |Total|350,342|4,515|354,857| ## ## ## ## ## ## ## |2.|DONATIONS AND LEGACIES|||2021
f|2020
E| |---|---|---|---|---|---| ||Donations
Gift aid||||1,118
311| ||||||1,429| |3.|OTHER TRADING ACTIVITIES|||2021|2020| |||||E|C| ||Sales, hires Br merchandise
Residency programme|||137|616
3,551| |||||137|4,16rp| |4.|INVESTMENT INCOME|||2021|2020| |||||C|C| ||Rental income
Deposit account interest|||4,900
608|6,800
2,243| |||||5,508|9,043| |5.|INCOME FROM CHARITABLE|ACTIVITIES||2021|2020| ||Performance fees
Commissions
Education
Grants
Trusts and foundations||Activity
Artistic Productions
Artistic Productions
Artistic Productions
Artistic Productions
Artistic Productions|E
10,268
99,831
7,852
220,722
10,888|E
43,803
210,866
3,110
250,497
54,923| |||||349,561|563,199| ||Grants received, included|in the above, are as follows:||2021|2020| ||||||E| ||Arts Council England-
National
Portfolio Organisation
Arts Council England
-Catalyst Evolve project
EU Horizon 2020- GIFT project
The Impeiial War Museum
on behalf of 14-18NOW- Bloodyminded
University
ofSussex
Brighton and Hove City Council
HMRC - Job Retention Scheme|||136,627
14,180
3,710
3,000
10,000
53,205|134,157
28,357
86,483
1,500| |||||220,722|250,497| ## ## |CHARITABLEACTIIRTIES|C|OSTS|||| |---|---|---|---|---|---| ||||Direct|Support|| ||||Costs (see|costs (see|| ||||note 7]
E|note 8]
E|Totalsf| |Artistic Productions
Support costs|||84,506
19,889|312,590|84,506
332,479| ||||104,395|312,590|416,985| |DIRECT COSTSOF CHARITABLE ACTIVITIES||||2021|2020| |||||E|E| |Freelance fees
Production
travel
Production
development
costs
Production
marketing
costs
Production
equipment
Independent
examination
Depreciation||||42,095
42,411
1,600
18,289|94,422
53,239
80,808
5,945
3,064
1,950
18,045| |||||104,395|257,473| |SUPPORT COSTS|||||Management| ||||||E| |Support costs|||||312,590| |Support costs, included||in the above, are as follows:||2021|2020| |||||Support|Total| |||||costs
f|activities
E| |Employee costs
Management
cost
Premises costs
General administration
Professional fees||exps||255,151
2,009
24,690
24,088
~6652|252,607
1,369
29,408
37,356
4,321| |||||312,590|325,061| ## ## ## ## ## |||||2021
f|2020
E| |---|---|---|---|---|---| |Salaries and
Employer's
Employer's|wages
national
pension|insurance costs
costs||233,570
20,871
6,908|227,931
17,838
6,838| |The average|head count ofemployees||during the year was:||| ## |y
, ,
E1,549).The agreement
relating to this was made on an arms
a Solicitor. This lease commenced
on 20 February 2007.|y
, ,
E1,549).The agreement
relating to this was made on an arms
a Solicitor. This lease commenced
on 20 February 2007.|-length
basis usin|g documentation|drawn
up by| |---|---|---|---|---| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted||(2020)
Restricted|Restricted|Total| ||funds
E|funds
f|Development
E|funds
E| |INCOME AND ENDOWMENTS
Donations
and legacies|FROM
1,429|||1,429| |Charitable
activities
Artistic Productions|473,452|89,747||563,199| |Other trading activities
Investment
income|4,167
9,043|||4,16r
9,043| |Total|488,091|89,747||577,838| |12.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2020)-continued
Unrestricted
Restricted|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2020)-continued
Unrestricted
Restricted|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2020)-continued
Unrestricted
Restricted|Restricted|Tota I| |---|---|---|---|---|---| |||funds
f|funds
E|Development
E|funds
E| ||EXPENDITURE ON||||| ||Charitable
activities
Artistic Productions
Support costs|202,269
327,011|38,899|14,355|255,523
327,011| ||Total|529,280|38,899|14,355|582,534| ||NET INCOMEf(EXPENDITURE]|[41,189]|50,848|(14,355)|[4,696)| ||Transfers between funds|50,848|~50,848]||| ||Net movement
in funds|9,659||[14,355)|[4,696]| ||RECONCILIATION
OF FUNDS||||| ||Total funds brought forward|312,347||152,766|465,113| ||TOTAL FUNDS CARRIED FORWARD|322,006||138,411|460,417| |13.|TANGIBLE FIXEDASSETS|||Fixtures|| ||||Long
leasehold
E|and
fittings .
f|Totals
f| ||COST
At 1April 2020
Additions||287,109|91,424
1,416|378,533
1,416| ||At 31March 2021||287,109|92,840|379,949| ||DEPRECIATION
At 1April 2020
Charge for year||177,090
14,355|85,416
3,933|262,506
18,288| ||At31March 2021||191,445|89,349|280,794| ||NET BOOKVALUE
At 31March 2021||95,664|3,491|99,155| ||At 31March 2020||110,019|6,008|116,027| ## |DEBTORSAMOUNTSFALLINGDUE|WITHINONEY|EAR|||| |---|---|---|---|---|---| |:||||2021
E|2020
f| |Trade debtors
Grants receivable
VAT
Pre payments
and accrued income||||673
33,542|2,099
42,276
1,119
580| |||||34,215|46,074| |CREDITORS:AMOUNTS FALLING DUE WITHIN ONE||YEAR||2021
E|2020
f| |Trade creditors
Social security and other taxes
VAT
Other creditors
Deferred income
Accrued expenses||||913
5,475
8,252
71,402
3,547|366
7,963
600
41,197
1,900| |||||89,589|52,026| |Deferred income carried forward consists ofthe following:|||||| |||||2021
f|2020
f| |Grant -Arts Council England (Catalyst Evolve)
Gift: Belgrade Museum
ofApplied Art
Bloodyminded
Legacy
Charitable
Giving
Chalk Cliff Trust
Wellcorne Trust
The British Council||||17,290
2,900
5,000
21,212
25,000|14,179
4,306
21,000
1,712| |ANALYSIS OF NET ASSETS 8EIWEEN FUNDS||||2021|2020| ||Unrestricted|Restricted|Restricted|Total|Total| ||funds|funds|Development||funds| |Fixed assets
Current assets
Current
liabilities|funds
f
3,491
389,0?2
(89,589)||E
95,664|E
99,155
389,072
(89,589]|E
116,027
396,416
[52,026)| ||302,974||95,664|398,638|460,417| ## |MOVEMENTINFUNDS|||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.4.20
E|in funds
f|funds
f|31.3.21
f| |Unrestdcted
funds
General fund||170,006|[47,423]|13,391|135,974| |Designated
fund - fund set up to ensure|||||| |the smooth closing ofthe charity should
the need arise.||120,000||15,000|135,000| |Designated
fund - Artist fund to support
further project work.||32,000|||32,000| |||322,006|[47,423)|28,391|302,974| |Restricted funds
SEEDA - towards
leasehold
improvements||14,546|[4,976)||9,570| |Arts Council ofEngland South East-
towards leasehold
improvements||123,865||(28,391]|86,094| |||138,411|~14,356)||95,664| |TOTAL FUNDS||460,417|||398,638| |Net movement
in funds, included
in|the above are as follows:||||| ||||Incoming
resources
E|Resources
expended
E|Movement
in funds
f| |Unrestricted
funds
General fund|||341,026|(388,449]|(47,423)| |Restricted funds
SEEOA-towards
leaseholdimprovements||||(4,976]|[4,976)| |Arts Council of England South East-
towards leasehold
improvements||||(9,380]|(9,380]| |Arts Council England
-Catalyst Evolve, a|||||| |project that supports
orgamsations
enable them to attract more private|to||14,180|(14,180]|| |givin g.|||||| ||||14,180||[14,356)| |TOTAL FUNDS|||||~61,779]| ## |Comparatives
for movement
in funds||||| |---|---|---|---|---| |||Net|Transfers|| ||At 1.4.19|movement
in funds|between
funds|At
31.3.20| ||E|E|E|E| |Unrestricted
funds
General fund|151,347|[41,189]|59,848|170,006| |Designated
fund - fund set up to ensure
the smooth closing ofthe charity should
the need arise.|120,000|||120,000| |Designated
fund - Artist fund to support
further project work.|41,000||[9,000]|| ||312,347|[41,189]|50,848|322,006| |Restricted funds
SEEDA - towards leasehold
improvements|19,522|[4,976)||14,546| |Arts Council of England South East-
towards leasehold
improvements|133,244|[9,379)||123,865| |EU Horizon 2020 - GIFT, a3year research||||| |project with partners
IT University
Copenhagen,
University
ofNottingham,
Next Game and the Europeana
Foundation||50,848||| ||152,766|36,493||138,411| |TOTAL FUNDS||[4,696)||460,417| |Comparative
net movement
in funds, included|in the above are as follows:|||| |||Incoming
resources|Resources
expended|Movement
in funds| |||E|E|E| |Unrestricted
funds
General fund||488,091|[529,280]|[41,189]| |Restricted funds
SEE DA -towards leasehold
improvements|||(4,976)|[4,976]| |Arts Council of England South East-
towards
leasehold
improvements|||(9,379]|[9,379]| |EU Horizon 2020 - GIFT, a 3year research||||| |project with partners
IT University
Copenhagen,
University
of Nottingham,
Next Game and the Europeana
Foundation||86,483|(35,635)|50,848| |Arts Council England
-Catalyst Evolve, a||||| |project that supports
organisations
to
enable them to attract more private||3,264|(3,264]|| |giving.||||| |||89,747|~53,254]|36,493| |TOTAL FUNDS||577,838||| ## ## ## ##