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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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|Registered||charity|name|name|Bridport Arts Centre|Bridport Arts Centre||||
|---|---|---|---|---|---|---|---|---|---|
|Charity registration|||number||1069780|||||
|Company|registration|||number|3550280|||||
|Principal office and|||registered||9a South Street|||||
|office|||||Bridport|||||
||||||Dorset|||||
||||||DT6 3NR|||||
|The trustees||||||||||
||||||N Ziebland|||||
||||||RWheelwdight|||||
||||||A Kehr|||||
||||||C Morgan|||||
||||||B Lovejoy|||||
||||||C Addis||Resigned|15/06/20||
||||||I Cavill|||||
||||||BArmstrong-Marshall||Elected 11/01/21|||
||||||R Prescott Hedley||Elected 11/01/21|||
||||||G Fearnyough||Elected 11/01/21|||
||||||K Hatch||Elected 11/01||/21|
||||||K Saraiya||Elected 11/01/21|||
|Independent||examiner|||Stuart Cardington|FCA||||
||||||For and on behalf|ofThomas|Westcott Chartered||Accountants|
||||||Timberly|||||
||||||South Street|||||
||||||Axminster|||||
||||||Devon|||||
||||||England|||||
||||||EX13SAD|||||
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|||||2021||2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note|6|E|||
|Income and endowments|||||||
|Donations
and legacies
Charitable
activities||5
6|165,050
149,142|5,000
10,200|170,050
159,342|216,776
268,936|
|Other trading
activities
Other income||7
8|2,417
3,103||2,417
3,103|34,172|
|Total income|||319,712|15,200|334,912|519,884|
|Expenditure|||||||
|Expenditure
on raising funds:
Costs ofother trading
activities||9|14,684||14,684|24,817|
|Expenditure
on charitable|activities|10,11|310,954||310,954|532,224|
|Total expenditure|||325,638||325,638|557,041|
|Net income/(expenditure)|and net||||||
|movement
in funds|||(5,926)|15,200|9,274|(37,157)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||281,286||281,286|318,443|
|Total funds carried forward|||275,360|15,200|290,560|281,286|
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|31 INarch|2021||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||Note|E|E|
|Fixed assets|||||||
|Tangible fixed assets||||17|17,612||
|Investments||||18|1|1|
||||||17,613|1|
|Current assets|||||||
|Stocks||||19||2,272|
|Debtors||||20|15,183|43,331|
|Cash at bank|and|in|hand||279,917|264,902|
||||||295,100|310,505|
|Creditors: amounts|||falling due within one year|21|22,153|29,220|
|Net current|assets||||272,947|281,285|
|Total assets|less|current liabilities|||290,560|281,286|
|Net assets|||||290,560|281,286|
|Funds ofthe charity|||||||
|Restricted funds|||||15,200||
|Unrestricted|funds||||275,360|281,286|
|Total charity|funds|||22|290,560|281,286|
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|Year ended 31 March||2021||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6||
|Cash flows from operating||activities||||
|Net income/(expenditure)||||9,274|(37,157)|
|Adjustments
for.||||||
|Interest payable
and similar
Loss on disposal of heritage|
|charges
assets||4,293|17,606
114,154|
|Depreciation||||3,736||
|Changesin:||||||
|Stocks||||2,272|(196)|
|Trade and other debtors||||28,148|(17,967)|
|Trade and other creditors||||(7,067)|(134,624)|
|Cash generated
from operations||||40,656|(58,184)|
|Interest paid||||(4,293)|(17,606)|
|Net cash from/(used
in) operating
activities||||36,363|(75,790)|
|Cash flows from investing||activities||||
|Purchase oftangible assets||||(21,348)||
|Proceeds from sale oftangible assets|||||556,362|
|Proceeds from sale ofheritage assets|||||(114,154)|
|Net cash (used in)/from
investing
activities||||(21,348)|442,208|
|Cash flows from financing||activities||||
|Proceeds from borrowings|||||(89,621)|
|Net cash used
in financing|activities||||(89,621)|
|Net increase
in cash and|cash equivalents|||15,015|276,797|
|Cash and cash equivalents||at beginning|ofyear|264,902|(11,895)|
|Cash and cash equivalents||at end ofyear||279,917|264,902|
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|of company
Donations|law are also directors, agree
and legacies|to contribute 51 each should|the charity b|e wound
up.|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||||5|
|Donations|||||
|Donations|and fundraising|2,052||2,052|
|Gift aid||904||904|
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|Donations
and legacies
(conrinrlect)||||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||8|r|F|
|Grants||||
|West Dorset District Council|71,097||71,097|
|Bridport Town Council
Arts Council|6,000
58,468||6,000
58,468|
|Capital project
Furlough
receipts|2,000
22,502||2,000
22,502|
|Sponsorship
Sponsorship||5,000|5,000|
|Subscriptions
Subscriptions|2,027||2,027|
||165,050|5,000|170,050|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||6||5|
|Donations||||
|Donations
and fundraising|116,070||116,070|
|GiR aid|2,383||2,383|
|Grants||||
|West Dorset District Council|33,951||33,951|
|Bridport Town Council
Arts Council|6,000
57,412||6,000
57,412|
|Capital project|3,165||3,165|
|Grants receivable type 6||||
|Sponsorship||||
|Sponsorship|(7,500)||(7,500)|
|Subscriptions
Subscriptions|5,295||5,295|
||216,776||216,776|
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|Charitable|activities||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds
f|Funds
E|2021
f|
|Performing
arts and box office
Bridport prize
Educations
and visual arts||17,195
131,317
630|10,200|17,195
141,517
630|
|||149,142|10,200|159,342|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds
E|2020
f|
|Performing
arts and box office
Bridport prize
Educations
and visual arts||121,343
108,878
38,715||121,343
108,878
38,715|
|||268,936||268,936|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2021|Funds|2020|
||||E|||
|Cafe
Arts|and Bar income
centre hire|2,230
187|2,230
187|22,063
12,109|22,063
12,109|
|||2,417|2,417|34,172|34,172|
|8.|Other income||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2021|Funds|2020|
||||E||||
||Misc income||3,103|3,103|||
|9.|Costs ofother trading|activities|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2021|Funds|2020|
||||F|E|E|E|
||Bar||14,684|14,684|24,817|24,817|
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|Expenditure|on charitable
activities by fun|d type|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
||||6|E|
|All charitable|activities|142,709||142,709|
|Loss on disposal oftangible assets
Support costs||168,245||168,245|
|||310,954||310,954|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||E|6||
|All charitable|activities|176,249||176,249|
|Loss on disposal oftangible assets|||114,154|114,154|
|Support costs||237,193|4,628|241,821|
|||413,442|118,782|532,224|
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|Expenditure|on|charitable
activities|by activity typ|e|||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken||Total funds|Total fund|
||||directly|Support costs|2021|2020|
|All charitable|activities||142,709|167,095|309,804|416,970|
|Loss on disposal||oftangible assets||||114,154|
|Governance|costs|||1,150|1,150|1,100|
||||142,709|168,245|310,954|532,224|
|Analysis of|support costs||||||
|||||All charitable|||
|||||activities|Total 2021|Total2020|
|||||E||6|
|Staff costs||||128,435|128,435|163,192|
|Premises||||7,257|7,257|13,428|
|Communications||and IT||9,448|9,448|11,882|
|General office||||3,504|3,504|3,011|
|Utilities||||3,380|3,380|5,977|
|Insurance||||(3,066)|(3,066)|9,766|
|Bank charges and interest
Legal and professional
Depreciation||||4,293
10,108
3,736|4,293
10,108
3,736|17,606
15,859|
|||||167,095|167,095|240,721|
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|Yea|r ended 31 March 20|21||||
|---|---|---|---|---|---|
|13.|Net income/(expenditure)|||||
||Net income/(expenditure)|is stated|after charging/(crediting):|2021|2020|
|||||6||
||Loss on disposal of heritage assets||||114,154|
|14.|Independent
examination|fees||||
|||||2021|2020|
||||||6|
||Fees payable to the independent
examiner for:
Independent
examination
ofthe financial statements|||1,150|1,100|
|15.|Staff costs|||||
||The total staff costs and employee||benefits for the reporting|period are analysed
as|follows:|
|||||2021|2020|
||Wages and salaries
Social security costs|||121,675
6,760|167,323
9,550|
|||||128,435|176,873|
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|17.|Tangible fixed assets|||
|---|---|---|---|
|||Fixtures and||
|||fittings||
||Cost|||
||At 1 April 2020|||
||Additions|21,348||
||At 31 March 2021|21,348||
||Depreciation|||
||At 1 April 2020|||
||Charge for the year|3,736||
||At 31 March 2021|3,736||
||Carrying
amount|||
||At 31 March 2021|17,612||
||At 31 March 2020|||
|18.|Investments|||
|||Shares|in|
|||gr'oup||
|||undertakings||
|||6||
||Cost orvaluation|||
||At 1 April 2020 and 31 March 2021|||
||Impairment|||
||At 1 April 2020 and 31 March 2021|||
||Carrying
amount|||
||At 31 March 2021||1|
||At 31 March 2020||1|
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|Yea|r ended 31|March|2021|||
|---|---|---|---|---|---|
|20.|Debtors|||||
|||||2021
f|2020
6|
||Trade debtors||||11,042|
||Prepayments|and accrued income||15,183|32,289|
|||||15,183|43,331|
|21.|Creditors: amounts||falling due within one year|||
|||||2021|2020|
|||||6||
||Trade creditors|||12,269|8,720|
||Accruals and deferred||income|1,245|3,854|
||Social security
Other creditors|and other taxes||6,339
2,300|5,487
11,159|
|||||22,153|29,220|
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||||At||||||At|
|---|---|---|---|---|---|---|---|---|---|
|||1 April|2020|Income
f||Expenditure
6|Transfers 31
6||March 2021
6|
|General funds||281,286||319,712||(325,638)|(100,000)||175,360|
|Designated|fund||||||100,000||100,000|
|||281,286||319,712||(325,638)||—|275,360|
|||At|||||||At|
|||1 April 2019||Income|Expenditure||Transfers|31|March 2020|
|||||6||6|6||6|
|General funds||150,666||519,884||(438,259)|48,995||281,286|
|Designated|fund|||||||||
|||150,666||519,884||(438,259)|48,995||281,286|
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|---|---|---|---|---|---|---|---|---|
|||||At|||31|March 202|
||||1|April 2020|Income|Expenditure|Transfers|1
f|
|Bridport|Prize|fund|||15,200|||15,200|
|||||||||At|
|||||At|||31|March 202|
||||1|April 2019
f|Income
f|Expenditure|Transfers
f|0
f|
|Building|fund|||167,777||(118,782)|(48,995)||
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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2021|
|Tangible fixed assets
Current assets||17,613
295,100|17,613
295,100|
|Creditors less than|1year|(22,153)|(22,153)|
|Net assets||290,560|290,560|
|||Unrestricted|TotalFunds|
|||Funds|2020|
|Tangible fixed assets||1|1|
|Current assets||310,505|310,505|
|Creditors less than|1 year|(29,220)|(29,220)|
|Creditors greater than 1 year||||
|Net assets||281,286|281,286|