2022-03-31-accounts - Cinderford Artspace

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				Page
Trustees' annuai report (incorporating		the	director's report)
Independent examiner's report to the		trustees
Statement offinancial activities	(inciuding		income and
expenditure account)
Statement offinancial position
Statement ofcash flows
Notes to the financial statements				12

Reterence	and administrative	and administrative	and administrative	and administrative	details
Registered charity			name		Cinderford Artspace
Charity registration			number		1053492
Company	registration			number	02580853
Principal office and office			registered		The New Mercury 3Woodside Street
					Cinderford
					Gloucestershire
					GL142NL
The trustees
					Sallyanne Webley
					Christine Waygood
					Karen Lander
					Barbara Millman
					Charlotte Royall Hercock -Chair
					Diana Gash
					Keith Simmonds
					Laurie Howes
					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 STQ
Structure,	governance			and management

Tntht•M' Annu•l R•port (Incorpgr•tlng th• Dlr•ctof• R•port) Y•w •nd•d 31 M•rch 2022 Th iTwl•M' •nnuAI rwt tho itr•t*)Ic w•r• on ...................-........ •nd bth•ll ol th• trA8rfl of truth•8 by. Tnxt••

				2022		2021
			Unrestricted	Restricted
		Note	funds 6	funds 6	Total funds 6	Total funds f
Income and endowments
Donations and legacies		5	72,447		72,447	72,109
Charitable activities		6	62,566	151,511	214,077	180,948
Other trading activiTies		7	248		248	8
Investment income		8	23		23	42
Total income			135,284	151,511	286,795	253,107
Expenditure
Expenditure on charitable	activities	9,10	134,652	175,511	310,163	240,535
Other expenditure (including
depreciabon)		12	10,630		10,630	9,743
Total expenditure			145,282	175,511	320,793	250,278
Net (expenditure)lincome	and net
movement in funds			(9,998)	(24,000)	(33,998)	2,829
Reconciliation offunds
Total funds brought forward			430,265	24,000	454,265	451,436
Total funds carried forward			420,267		420,267	454,265

31March 2022
				2022	2021
			Note
Fixed assets
Tangible fixed assets			17	388,796	353,388
Current assets
Stocks			18	1,250	1,250
Debtors			19	2,177	65,450
Cash at bank and in hand				150,801	212,394
				154,228	279,094
Creditonn amounts	falling	due within one year	28	90,257	135,714
Net current assets				63,971	143,380
Total assets less current		liabilities		452,767	496,768
Creditors: amounts	falling	due after more than one year	21	32,500	42,503
Net assets				420,267	454,265
Funds ofthe charity
Restricted funds					24,000
Unrestricted funds				420,267	430,265
Total charity funds			24	420,267	454,265

Clndfrrlord Artspace Company Umft•d by Ouv•nl•• . JI M•r¢h 2022 1•

Company Limited by Guarantee Statement ofCash Flows Year ended 31Hlarch 2022
		2022	2021
		6	5
Cash flows from operating acrivities Net (expenditure)gincome		(33,998)	2,829
Adjustments for, Depreciation oftangible fixed assets		10,629	9,743
Other interest receivable and similar income		{23)	(42)
Interest payabh and similar charges Accrued expenses		870 2,772	1,000
Changes/ni
Trade and other debtors		63,273	{62,193)
Trade and other creditors		(50,732)	124,176
Cash generated from operations		(7,209)	75,513
Interest paid Interest received		(870) 23	42
Net cash (used in)/from operating activities		(8,056)	75,555
Cash flows from investing activities
Purchase oftangible assets		(46,037)
Net cash used in investing activities		{46,037)
Cash flows from financing activities Proceeds from borrowings		(7,500)	50,000
Net cash (used in)/from financing activities		(7,500)	50,000
Net (decrease)/increase in cash and cash Cash and cash equivalents at beginning	equivalents ofyear	(61,593) 212,394	125,555 86,839
Cash and cash equivalents at end ofyear		150,801	212,394

5.	Donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds E	2022 6	Funds 6	2021 f
	Donations
	Donations	8,504	8,504	6,923	6,923
	Grants
	Forest ofDean District Council SLA	7,000	7,000	8,975	8,975
	Arts Council England	48,829	48,829	55,404	55,404
	Other donations and legacies Fees and other earned income	8,114	8,114	807	807
		72,447	72,447	72,109	72,109
6.	Charitable activities

Charitable acti	vities
			Unresb icted	Restdcted	Total Funds
			Funds	Funds	2022
			6	E	8
GCC Adult Education		SLA's	62,566	7,997	70,563
Active Impact				2,121	2,121
Mindscape				10,845	10,845
Adult Education	SLA's
NHS Commissioning
Children in Need				10,400	10,400
National Lottery	- Rebuild			22,748	22,748
Home is Where	the Art Is			28,930	28,930
Heritage Lottery Grants NHS CCG Xpres NHS CCG Trailblazer Fund				3,996 23,000 40,000	3,996 23,000 40,000
Adult education	SLA
Other Fees				1,474	1,474
			62,566	151,511	214,077

Charitable activ	ities	(couriuuurrj
			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2021 f
GCC Adult Education		SLA's		660	660
Active Impact Mindscape Adult Education	SLA's		68,498	20,978	20,978 68,498
NHS Commissioning				24,275	24,275
Children in Need				16,344	16,344
National Lottery	- Rebuild
Home is Where	the Art Is
Heritage Lottery	Grants
NHS CCG Xpres
NHS CCG Trailblazer		Fund
Adult education	SLA		1,556		1,556
Other Fees			48,637		48,637
			118,691	62,257	180,948

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds E	2022 E	Funds	2021 f
	Rental income		248	248	8	8
8.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022 E	Funds E	2021 f
	Bank interest	receivable	23	23	42	42

Expendi	ture on charitable activit	ies by fund type
		Unrestricted	Restricted	TotalFunds
		Funds	Funds	2022
			F
Activities		98,130	175,511	273,639
Support	costs	36,522		36,524
		134,652	175,511	310,163
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		6		F
Activities		155,333	54,717	210,050
Support	costs	22,545	7,940	30,485
		177,878	62,657	240,535

Expenditure	on charitable a	ctivities by activity typ	e
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs 6	2022 E	2021 f
Activities		273,639	24,565	298,204	233,505
Governance	costs		11,959	11,959	7,030
		273,639	36,524	310,163	240,535

Analysis of	sup	port costs
			Analysis of
			supportcosts	Total 2022	Total 2021
			E	8	E
Staffcosts					3,174
Premises			24,483	24,483	20,697
Communications		and IT	1,423	1,423	2,466
General office			7,987	7,987	6,861
Governance	costs		10,544	10,544	7,029
			44,437	44,437	40,227

	Unrestricted	Total	Funds	Unrestdcted	Total	Funds
	Funds		2022 E	Funds f		2021
Depreciation	10,630		10,630	9,743		9,743

13.	Net (expenditure}/income	Net (expenditure}/income
	Net (expenditure)/income		is stated after charging/(crediting):
					2022	2021
					6
	Depreciation	oftangible fixed assets			10,629	9,743
14.	Independent	examination	fees
					2022	2021
					6	F
	Fees payable Independent	to the independent examination ofthe		examiner for: financial statements	1,200	1,000

Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2022	2021
				F
Wages and salaries Social security costs Employer contributions	to pension	pians	107,125 9,908 2,710	107,807 8,514 2,746
			119,743	119,067

Tangible fixed assets
	Freehold	Fixtures and
	properly 8	filfings	Total f
Cost
At 1 Apdil 2021	475,813	22,803	498,616
Additions	46,037		46,037
At 31lillarch 2022	521,850	22,803	544,653
Depreciation
At 1 Apdil 2021	123,711	21,517	145,228
Charge for the year	10,437	192	10,629
At 31 March 2022	134,148	21,709	155,857
Carrying amount
At 31INarch 2022	387,702	1,094	388,796
At 31 March 2021	352,102	1,286	353,388

18.	the current ec Stocks	onomic conditions.
			2022 8	2021 f
	Raw materials	snd consumables	1,250	1,250
19.	Debtors
			2022	2021
			8
	Trade debtors			64,256
	Prepayments	and accrued income	2,177	1,194
				65,450

Creditors: amounts falling due within one year
	2022 f	2021 8
Bank loans and overdraffs	10,000	7,497
Trade creditors	8,499	8,267
Accruals and deferred income	68,526	116,450
Social secudity and other taxes	2,341	2,887
Other creditors - net wages	891	613
	90,257	135,714

21.	Creditors: amou	nts falling due after more than	one year
			2022	2021
				E
	Bank loans and overdrafts		32,500	42,503
22.	Deferred income
			2022	2021 f
	Amount deferred	in year	64,754	115,450

						At
			At		31	I!Ilarch 202
		1	April 2021 f	Income f	Expenditure f	2 5
Unrestricted	Funds		74,913	89,247	(134,845)	29,315
Designated	Funds		355,352	46,037	(10,437)	390,952
			430,265	135,284	(145,282)	420,267
						At
			At		31	March 202
		1	April 2020	Income	Expenditure 6	1 f
Unrestricted	Funds		62,168	190,850	(178,105)	74,913
Designated	Funds		364,868		(9,516)	355,352
			427,036	190,850	(187,621)	430,265


24.	Analysis ofcharitable funds		(continued)
	Resbtcted funds
								At
				At			31I!larch 202
				1 April 2021	Income	Expenditure		2
				5				r.
	Restricted Funds			24,000	151,511	{175,511)
								At
				At				31 March 202
	Restricte Funds			1 Api'il 2020 f 24,400	Income f 62,257	Expenditure f. (62,657)		1 8 24,000
25.	Analysis of net assets between funds
					Unrestricted	Restricted		Total Funds
					Funds	Funds		2022
						5		8
	Tangible fixed assets Current assets Creditors less than 1 Creditors greater than	year 1 year			388,796 89,474 {25,503) (32,500)	64,754 (64,754)		388,796 154,228 (90,257) (32,500)
	Net assets				420,267			420,267
					Unrestricted	Restricted		Total Funds
					Funds	Funds		2021
					9			9
	Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year				353,388 139,643 (20,263) (42,503)	139,451 (115,451)		353,388 279,094 (135,714) (42,503)
	Net assets				430,265	24,000		454,265
26.	Analysis ofchanges	in net debt
								At
				At	1 Apr 2021	Cash flows	31Iwar 2022
						8		E
	Cash at bank and in hand Debt due within one year Debt due after one year				212,394 (7,497) (42,503)	(61,593) (2,503) 10,003		150,801 (10,000) (32,500)
					162,394	(54,093)		108,301