2021-03-31-accounts - Open Eye Limited

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			Page
Report ofthe Trustees		I	to	7
Independent Examiner's	Report	8	to	9
Statement ofFinancial	Activities		10
Balance Sheet		11	to	12
Cash Flow Statement			13
Notes to the Cash Flow Statement
Notes to the Financial	Statements	15	to	28

							31.3.21	31.3.20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			3	38,389	1,936	40,325	83,442
Charitable	activities			5
Income from the operation			ofa photographic
gallery and	exhibitions				318,244	119,836	438,080	362,437
Investment	income				150		150	622
Other income					25,247		25,247	48,886
Total					382,030	121,772	503,802	495,387
EXPENDITURE ON
Charitable	activities
Other
Operation	ofa photographic		gallery and
exhibitions					350,982	29,533	380,515	528,915
Total					350,982	29,533	380,515	528,915
NET INCOME/(EXPENDITURE)					31,048	92,239	123,287	(33,528)
Transfers	between funds			18	~30,509)	30,509
Net movement in funds					539	122,748	123,287	(33,528)
RECONCILIATION		OF	FUNDS
Total funds brought forward					434,111		434,111	467,639
TOTAL PUNDS CARRIED FORWARD					434,650	122,748	557,398	434,111

				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12	484,274		484,274	510,394
Heritage assets	13	73,130		73,130	73,130
		557,404		557,404	583,524
CURRENT ASSETS
Stocks	14	9,213		9,213	7,000
Debtors	15	12,415		12,415	59,433
Cash at bank and in hand		357,810	122,748	480,558	312,985
		379,438	122,748	502,186	379,418
CREDITORS
Amounts falling due within one year	16	(37,822)		(37,822)	(40,381)
NET CURRENT ASSETS		341,616	122,748	464,364	339,037
TOTAL ASSETSLESSCURRENT
LIABILITIES		899,020	122,748	1,021,768	922,561
CREDITORS
Amounts falling due after more than one year	17	(464,370)		(464,370)	(488,450)
NET ASSETS		434,650	122,748	557,398	434,111
FUNDS	18
Unrestricted funds				434,650	434,111
Restricted funds				122,748
TOTAL FUNDS				557,398	434,111

					31.3.21	31.3.20
				Notes
Cash flows from operating	activities
Cash generated from operations					118,537	(65,122)
Tax paid
Tax received					48,886	28,789
Net cash provided by/(used	in)	operating		activities	167,423	~36,331)
Cash flows from investing	activities
Interest received					150	622
Net cash provided by investing		activities			150	622
Change in cash and cash equivalents			in
the reporting period					167,573	(35,709)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				312,985	348,694
Cash and cash equivalents	at	the end		of
the reporting period					480,558	312,985

OPERATING AC	TIVITI	ES
				31.3.21	31.3.20
					f
Net income/(expenditure)		for the reporting	period (as per the
Statement ofFinancial Activities)				123,287	(33,528)
Adjustments for:
Depreciation charges				2,035	2,035
Interest received				(150)	(622)
Increase in stocks				(2,213)
Increase in debtors (Decrease)/increase	in creditors			(1,868) ~2,554)	(47,839) 14,832
Net cash provided	by/(used	in) operations		118,537	~65,122)

ANALYSIS OFCHANGES IN NET FU	NDS
	At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank and in hand	312,985	167,573	480,558
	312,985	167,573	480,558
Total	312,985	167,573	480,558

Technical	equipment	20%	straight	line
Gallery refurbishment			Over the term ofthe	lease
Fixtures,	fittings Er equipment	25%	straight	line
Frames		20%	straight	line

	DONATIONS AND LEGACIES
		31.3.21	31.3.20
			f
	Grants	40,079	79,583
	Donations	246	3,859
		40,325	83,442
4.	INVESTMENT INCOME
		31.3.21	31.3.20
	Deposit account interest	150	622

										31.03.20
									31.03.21
	Service	level agreement		with	Arts Council England,		North West		244,417	242,301
	Service	level agreement		with	Liverpool City Council				36,229	41,293
	Earned	income							157,438	78,843
									438,084	362,437
	Grants	included	in the	above					280,646	283,594
6.	CHARITABLE ACTIVITIES COSTS
									Support
								Direct	costs (see
								Costs	note 7)	Totals
	Operation ofa photographic				gallery
	and exhibitions							371,728	8,787	380,515
7.	SUPPORT COSTS
									Governance
								Finance	costs	Totals
	Operation ofa photographic				gallery	and
	exhibitions							4,005	4,782	8,787

			31.3.21	31.3.20
Independent	examiner's	fee	3,700	3,700
Depreciation	- owned	assets	26,120	26,116

			31.3.21	31.3.20
Salaries			138,676	166,042
Employer's	National	Insurance	11,723	12,419
Pension Costs			3,191	2,822
			153,590	181,283

COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES	THE STATEMENT OF FINANCIAL ACTIVITIES	THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		f
INCOME AND ENDOWMENTS FROM
Donations and legacies		26,434	57,008	83,442
Charitable activities
Income from the operation	ofa
photographic gallery and exhibitions		358,937	3,500	362,437
Investment income		622		622
Other income		48,886		48,886
Total		434,879	60,508	495,387
EXPENDITURE ON
Charitable activities
Other
Operation ofa photographic	gallery and
exhibitions		417,311	111,604	528,915
Total		417,311	111,604	528,915
NET INCOME/(EXPENDITURE)		17,568	(51,096)	(33,528)
RECONCILIATION OF	FUNDS
Total funds brought forward		416,543	51,096	467,639
TOTAL FUNDS CARRIED FORWARD		434,111		434,111

TANGIBLE FIXEDASSETS
			Fixture,
	Technical	Gallery	fittings
	equipment	refurbishment	&equipment	Totals
		g
COST
At I April 2020 and 31 March 2021	19,760	696,584	42,048	758,392
DEPRECIATION
At I April 2020	17,723	188,232	42,043	247,998
Charge for year	2,035	24,080	5	26,120
At 31 March 2021	19,758	212,312	42,048	274,118
NET BOOK VALUE
At 31 March 2021	2	484,272		484,274
At 31 March 2020	2,037	508,352	5	510,394
All tangible fixed assets are held for the charity's	own use.

HERITAGE ASSETS
					Total
COST
At I April 2020					73,130
Additions
Disposals
At 31 March 2021					73,130
NET BOOK VALUE
At 31 March 2021					73,130
At 31 March 2020					73 330
Heritage assets are exhibition	prints.		Cost comprises:
Prints held pre 1995(capitalised		at estimated		fair value)	20,000
Acquisitions (donated or purchased)			in years	ending 31 March:
1999					3,130

13.	HERITAGE ASSETS - continued
	2000			162
	2002			4,558
	2003			3,835
	2007			3,315
	2009 (includes g6,200 re prints donated	in 2006 not previously
	capitalised)			30,200
	2013			1,330
	2014			6,600
				673,130
14.	STOCKS
			31.3.21	31.3.20
	Stocks		9,213	7,000
15.	DEBTORS:AMOUNTS FALLING	DUE WITHIN ONE YEAR
			31.3.21	31.3.20
	Museum &galleries tax credits		10,060	48,886
	Prepayments		2,355	10,547
			~12415	59,433

			31.3.21	31.3.20
Deferred income			6,405	6,082
Trade creditors			4,865	3,366
Social security and other taxes			2,689	7,237
Accrued expenses			3,960	3,793
Deferred government	grants		19,903	19,903
			37,822	40,381
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			31.3.2]	31.3.20
Deferred government	grants		464,370	488,450
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund	434,111	31,048	(30,509)	434,650
Restricted funds
Paul Hamlyn Foundation		50,373		50,373
LCR International			7,500	7,500
Schools Programme		5,270		5,270
UOS		5,000		5,000
Hong Kong Delegation		26,175	23,009	49,184
The Time We Call Our Own		5,421		5,421
		92,239	30,509	122,748
TOTAL FUNDS	434,111	123,287		557,398

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			369,530	(338,482)	31,048
LCR International			12,500	~12,500)
			382,030	(350,982)	31,048
Restricted funds
Paul Hamlyn	Foundation		77,940	(27,567)	50,373
LOOK Photo			1,936	(1,936)
Schools Programme			5,300	(30)	5,270
UOS			5,000		5,000
Hong Kong Delegation			26,175		26,175
The Time We	Call Our Own		5,421		5,421
			~121 772	~29,533)	92,239
TOTAL FUNDS			503,802	(380,515)	123,287
Comparatives	for movement	in funds
				Net
				movement	At
			At 1.4.19	in funds	31.3.20
Unrestricted	funds
General fund			416,543	8,568	425,111
Designated fund for Brian Mercer Trust				9,000	9,000
			416,543	17,568	434,111
Restricted funds
Paul Hamlyn	Foundation		51,096	(51,096)
TOTAL FUNDS			467,639	~33,528)	~434 111

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		425,879	(417,311)	8,568
Designated fund	for Brian Mercer Trust	9,000		9,000
		434,879	(417,311)	17,568
Restricted funds
Paul Hamlyn Foundation		2,500	(53,596)	(51,096)
LOOK Photo		41,827	(41,827)
Wirral Hospital	School	1,000	(1,000)
Celebrating Age		15,181	~15,181)
		60,508	(111,604)	(51,096)
TOTAL FUNDS		495,387	(528,915)	~33,528)

		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.21
Unrestricted funds
General fund	416,543	39,616	(30,509)	425,650
Designated fund for Brian Mercer Trust		9,000		9,000
	416,543	48,616	(30,509)	434,650
Restricted funds
Paul Hamlyn Foundation	51,096	(723)		50,373
LCR International			7,500	7,500
Schools Programme		5,270		5,270
UOS		5,000		5,000
Hong Kong Delegation		26,175	23,009	49,184
The Time We Call Our Own		5,421		5,421
	51,096	41,143	30,509	122,748
TOTAL FUNDS	467,639	89,759		557,398

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	795,409	(755,793)	39,616
Designated fund for Brian Mercer Trust	9,000		9,000
LCR International	12,500	~12,500)
	816,909	(768,293)	48,616
Restricted funds
Paul Hamlyn Foundation	80,440	(81,163)	(723)
LOOK Photo	43,763	(43,763)
Wirral Hospital School	1,000	(1,000)
Celebrating Age	15,181	(15,181)
Schools Programme	5,300	(30)	5,270
UOS	5,000		5,000
Hong Kong Delegation	26,175		26,175
The Time We Call Our Own	5,421		5,421
	182,280	(141,137)	41,143
TOTALFUNDS	999,189	(909,430)	89759