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|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||the|director's|report)||
|Independent
examiner's
report|to the|trustees||||
|Statement
offinancial
activities|(including||income and|||
|expenditure
account)||||||
|Statement
offinancial
position||||||
|Statement
ofcash flows||||||
|Notes to the financial statements|||||12|
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|Reference|and|administrative|administrative|administrative|details|||||
|---|---|---|---|---|---|---|---|---|---|
|Registered|charity name||||Cinderford
Artspace|||||
|Charity registration|||number||1053492|||||
|Company|registration|||number|02580953|||||
|Principal
office|office and||registered||The New Mercury
3Woodside Street|||||
||||||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.|||||
||||||GL51 6TQ|||||
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|||||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|
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|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|
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|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|
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|Freehold
Fixtures|property
8 fittings|2% straight
line
15%reducing
balance|
|---|---|---|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|2021|2020|
|---|---|
||P|
|1,250|1,250|
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|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||
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|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|
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|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|