##
##
##
##
|||||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|