| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | ||
| Independent examiner's report |
to the | trustees | |||
| Statement offinancial activities |
(including | income and | |||
| expenditure account) |
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| Statement offinancial position |
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| Statement ofcash flows |
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| Notes to the financial statements | 12 |
| Reference | and | administrative | administrative | administrative | details | ||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | charity name | Cinderford Artspace |
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| Charity registration | number | 1053492 | |||||||
| Company | registration | number | 02580953 | ||||||
| Principal office |
office and | registered | The New Mercury 3Woodside Street |
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| Cinderford | |||||||||
| Gloucesters hire | |||||||||
| GL14 2NL | |||||||||
| The trustees | |||||||||
| Sallyanne Webley |
|||||||||
| Christine Waygood | |||||||||
| Annie Lapington Barbara Millman |
(Appointed | 10February 2021) | |||||||
| Charlotte Royall Hercock -Chair Diana Gash |
(Appointed | 17 March 2021) | |||||||
| Keith Simmonds | |||||||||
| Laurie Howes | |||||||||
| Marcela Pierbella | (Resigned | 4 December 2020) | |||||||
| Novvy Allan | |||||||||
| Company | secretary | Hannah Elton-Wall |
|||||||
| Independent | examiner | Simon Sheldon FCA For Harper |
Sheldon | Limited | |||||
| Midway House | |||||||||
| Staverton Technology | Park | ||||||||
| Herrick Way, Staverton | |||||||||
| Cheltenham, Glos. |
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| GL51 6TQ |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Note | funds f |
funds E |
Total funds | Total funds | ||
| Income and endowments | ||||||
| Donations and legacies Charitable activities Other trading activities |
5 6 7 |
72 109 118,691 8 |
62,257 | 72,109 180,948 8 |
59,251 188,770 928 |
|
| Investment income |
8 | 42 | 42 | 178 | ||
| Total income | 190,850 | 62,257 | 253,107 | 249,127 | ||
| Expenditure | ||||||
| Expenditure on charitable activities Other expenditure (including |
9,10 | 177,878 | 62,657 | 240,535 | 264,845 | |
| depreciation) | 12 | 9,743 | 9,743 | 9,783 | ||
| Total expenditure | 187,621 | 62,657 | 250,278 | 274,628 | ||
| Net income/(expenditure) | and net | |||||
| movement in funds |
3,229 | (400) | 2,829 | (25,501) | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
427,036 | 24,400 | 451,436 | 476,937 | ||
| Total funds carried forward | 430,265 | 24,000 | 454,265 | 451,435 |
| Statement of Fina 31 March 2021 |
ncial | Position | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | E | ||||
| Fixed assets Tangible fixed assets |
17 | 353,388 | 363,131 | ||
| Current. assets Stocks Debtors Cash at bank and in hand |
18 19 |
1,250 65,450 212,394 |
1,250 3,257 86,839 |
||
| 279,094 | 91,346 | ||||
| Creditors: amounts | falling | due within one year | 20 | 135,714 | 3,041 |
| Net current assets | 143,380 | 88,305 | |||
| Total assets less current | liabilities | 496,768 | 451,436 | ||
| Creditors: amounts | falling | due after more than one year | 21 | 42 503 | |
| Net assets | 454,265 | 451,436 | |||
| Funds ofthe charity Restricted funds Unrestricted funds |
24,000 430,265 |
24,400 427,035 |
|||
| Total charity funds | 24 | 454,265 | 451,435 |
| Year ended 3i March 2 | 021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Cash flows from operating Net income/(expenditure) |
activities | 2,829 | (25,501) | |
| Adjustments for: Depreciation of tangible fixed Other interest receivable and |
assets similar income |
9,743 (42) |
9,783 (178) |
|
| Accrued expenses | 1,000 | |||
| Changesin: Trade and other debtors |
(62,193) | (1,056) | ||
| Trade and other creditors | 124,176 | (3,655) | ||
| Cash generated from operations |
75,513 | (20,607) | ||
| Interest received | 42 | 178 | ||
| Net cash from/(used in) operating activities |
75,555 | (20,429) | ||
| Cash flows from financing Proceeds from borrowings |
activities | 50,000 | ||
| Net cash from financing activities |
50,000 | |||
| Net increase/(decrease) in Cash and cash equivalents |
cash and cash at beginning |
equivalents ofyear |
125,555 86,839 |
(20,429) 107,268 |
| Cash and cash equivalents | at end ofyear | 212,394 | 86,839 |
| Freehold Fixtures |
property 8 fittings |
2% straight line 15%reducing balance |
|---|---|---|
| Donations and legaci |
es | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 f |
Funds | 2020 | ||
| Donations Donations |
6,923 | 6,923 | 4,789 | 4,789 | |
| Grants Forest of Dean District Arts Council England |
Council SLA | 8,975 55,404 |
8,975 55,404 |
6,000 47,948 |
6,000 47,948 |
| Other donations and Fees and other earned |
legacies income |
807 | 807 | 514 | 514 |
| 72,109 | 72,109 | 59,251 | 59,251 | ||
| Charitable activities |
| Charitable activities |
|||
|---|---|---|---|
| Unrestricted | Restncted | Total Funds | |
| Funds | Funds | 2021 | |
| GCC/ Active Impact | 660 | 660 | |
| Freemasons | |||
| Barnwood House &Trust Mindscape match Adult Education SLA's NHS Commissioning Children in Need Adult education SLA Other Fees |
68,498 1,556 48,637 |
20,978 24,275 16,344 |
20,978 68,498 24,275 16,344 1,556 48,637 |
| 118,691 | 62,257 | 180,948 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| GCC/ Active Impact Freemasons Barnwood House &Trust Mindscape match Adult Education SLA's NHS Commissioning Children in Need Adult education SLA Other Fees |
96,292 9,500 9,723 50,990 |
3,000 2,000 270 7,095 9,900 |
3,000 2,000 270 7,095 96,292 9,500 9,900 9,723 50,990 |
| 166,505 | 22,265 | 188,770 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| F | ||||||
| Rental income | 8 | 8 | 928 | 928 | ||
| 8. | Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| F | ||||||
| Bank interest | receivable | 42 | 42 | 178 | 178 |
| Expendi | ture on charitable activit |
ies by fund type |
||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | ||||
| Activities Support |
costs | 155,333 22,545 |
54,717 7,940 |
210,050 30,485 |
| 177,878 | 62,657 | 240,535 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Activities Support |
costs | 180,300 24,716 |
47,245 12,585 |
227,545 37,300 |
| 205,016 | 59,830 | 264,845 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total Ands | Total fund | |||
| directly | Support costs | 2021 | 2020 | ||
| Activities Governance |
costs | 210,050 | 23,455 7,030 |
233,505 7,030 |
253,960 10,885 |
| 210,050 | 30,485 | 240,535 | 264,845 |
| Analysis ofsup | port costs | |||
|---|---|---|---|---|
| Analysis of |
||||
| support costs | Total 2021 f |
Total 2020 | ||
| Staff costs Premises Communications and IT General office Governance costs |
3,174 20,697 2,466 6,861 7,029 |
3,174 20,697 2,466 6,861 7,029 |
3,746 11,077 1,603 9,989 10,885 |
|
| 40,227 | 40,227 | 37,300 |
| 12. | Other expend | iture (incl |
ud | ing d |
epreciat | ion) | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | |||||||
| E | F | |||||||||
| Depreciation | 9,743 | 9,743 | 9,783 | 9,783 | ||||||
| 13. | Net income/(expenditure) | |||||||||
| Net income/(expenditure) | is stated after | charging/(crediting): | 2021 | 2020 | ||||||
| Depreciation | oftangible | fixed assets | 9,743 | 9,783 | ||||||
| 14. | Independent | examination | fees | |||||||
| 2021 | 2020 | |||||||||
| Fees payable Independent |
to the independent examiner for: examination ofthe financial statements |
1,000 | 2,040 | |||||||
| 15. | Staff costs |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as 2021 |
follows: 2020 |
| F | ||||
| Wages and salaries Social security costs Employer contributions to pension Other employee benefits |
plans | 107,807 8,514 2,746 |
114,806 4,963 3,366 1,939 |
|
| 119,067 | 125,074 |
| No remuneration or other benefits from emplo received by the trustees. Tangible fixed assets |
yment with the char |
ity or a related |
entity were |
|---|---|---|---|
| Freehold | Fixtures and | ||
| property | fittings | Total | |
| Cost | |||
| At 1 April 2020 and 31 March 2021 | 475,813 | 22,803 | 498,616 |
| Depreciation | |||
| At 1 April 2020 Charge for the year |
114,195 9,516 |
21,290 227 |
135,485 9,743 |
| At 31 March 2021 | 123,711 | 21,517 | 145,228 |
| Carrying amount |
|||
| At 31 March 2021 | 352,102 | 1,286 | 353,388 |
| At 31 March 2020 | 361,618 | 1,513 | 363,131 |
| 2021 | 2020 |
|---|---|
| P | |
| 1,250 | 1,250 |
| 19. | Debtors | ||
|---|---|---|---|
| 2021 | 2020 | ||
| F | |||
| Trade debtors Prepayments and accrued income |
64,256 1,194 |
3,157 100 |
|
| 65,450 | 3,257 | ||
| 20. | Creditors: amounts falling due within one year |
||
| 2021 | 2020 | ||
| f. | P | ||
| Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Other creditors - net wages |
7,497 8,267 116,450 2,887 613 |
3,041 | |
| 135,714 | 3,041 | ||
| 21. | Creditors: amounts falling due after more than one year |
||
| 2021 | 2020 | ||
| Bank loans and overdrafts | 42,503 | ||
| 22. | Deferred income | ||
| 2021 | 2020 | ||
| E | |||
| Amount deferred in year |
115,450 |
| Unrestrict | e | d funds |
|||||
|---|---|---|---|---|---|---|---|
| At | |||||||
| At | 31 | March 202 | |||||
| 1 April 2020 | Income | Expenditure | 1 | ||||
| Unrestricted Designated |
Funds Funds |
62,168 364,868 |
190,850 | (178,105) (9,516) |
74,913 355,352 |
||
| 427,036 | 190,850 | (187,621) | 430,265 | ||||
| At | |||||||
| At | 31 | March 202 | |||||
| 1 April 2019 | Income | Expenditure | 0 | ||||
| F | |||||||
| Unrestricted Designated |
Funds Funds |
40,588 374,384 |
181,325 45,537 |
(159,746) (55,053) |
62,167 364,868 |
||
| 414,972 | 226,862 | (214,799) | 427,035 | ||||
| Restricted | funds | ||||||
| At | |||||||
| At | 31 | March 202 | |||||
| 1 April 2020 | Income | Expenditure | 1 | ||||
| E | E | F | |||||
| Restricted | Funds | 24,400 | 62,257 | (62,657) | 24,000 | ||
| At | |||||||
| At | 31 | March 202 | |||||
| 1 | April 2019 | Income | Expenditure | 0 | |||
| F | |||||||
| Restricted | Funds | 61,965 | 22,265 | (59,830) | 24,400 |
| Analysis ofnet asse | ts between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 f |
||
| Tangible fixed assets Current assets |
353,388 139,643 |
139,451 | 353,388 279,094 |
|
| Creditors less than 1 Creditors greater than |
year 1 year |
(20,263) (42,503) |
(115,451) | (135,714) (42,503) |
| Net assets | 430,265 | 24,000 | 454,265 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| E | F | |||
| Tangible fixed assets Current assets |
363,131 66,946 |
24,400 | 363,131 91,346 |
|
| Creditors less than 1 |
year | (3,041) | (3,041) | |
| Creditors greater than | 1 year | |||
| Net assets | 427,036 | 24,400 | 451,436 | |
| Analysis ofchanges | in net debt |
| Analy | sis ofchanges in net debt |
|||
|---|---|---|---|---|
| At | ||||
| At 1 Apr 2020 | Cash flows | 31 Mar 2021 | ||
| P | ||||
| Cash | at bank and in hand | 86,839 | 125,555 | 212,394 |
| Debt Debt |
due within one year due after one year |
(7,497) (42,503) |
(7,497) (42,503) |
|
| 86,839 | 75,555 | 162,394 |