| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| Independent examiner's report to the |
trustees | |||||
| Statement of financial |
activities | (including | income and | |||
| expenditure account) |
||||||
| Statement offinancial |
position | 10 | ||||
| Notes to the financial | statements | 12 |
| The trustees, | The trustees, | who are | who are | also the | directors for the purposes | directors for the purposes | of company | law, present their report and the | law, present their report and the |
|---|---|---|---|---|---|---|---|---|---|
| unaudited | financial statements | ofthe chadty for the | year | ended 31 March 2022. | |||||
| Reference | and administrative | details | |||||||
| Registered | charity | name | 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 | Resigned | 15/11/2021 | |||||||
| BArmstrong-Marshall | Resigned | 06/1 2/2021 | |||||||
| RWheelwright | Resigned | 15/11/2021 | |||||||
| A Kehr | |||||||||
| C Morgan | |||||||||
| BLovejoy | |||||||||
| R Prescott Hedley | |||||||||
| I Cavill | |||||||||
| G Fearnyough | |||||||||
| K Hatch | Resigned | 24/01/2022 | |||||||
| KSaraiya | |||||||||
| C Pike | Appointed | 09/05/2022 | |||||||
| K Manwaring | Appointed | 09/05/2022 | |||||||
| N Child | Appointed | 11/06/2022 | |||||||
| Company | secretary | Denise Fenton | |||||||
| Independent | examiner | Stuart Carrington | FCA | ||||||
| Westcotts (SW) LLP | |||||||||
| Timberly | |||||||||
| South Street | |||||||||
| Axminster | |||||||||
| Devon | |||||||||
| England | |||||||||
| EX135AD |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 2 | 2 | 2 | E | |||
| Income and endowments | |||||||
| Donations and legacies |
5 | 121,602 | 121,602 | 170,050 | |||
| Charitable activities |
6 | 238,301 | 9,692 | 247,993 | 159,342 | ||
| Other trading activities |
7 | 6,072 | 6,072 | 2,417 | |||
| Investment income |
8 | 12 | 12 | ||||
| Other income | 9 | 8,069 | 8,069 | 3,103 | |||
| Total income | 374,056 | 9,692 | 383,748 | 334,912 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs of other trading | activities | 10 | 14,684 | ||||
| Expenditure on chadtable |
activities | 11,12 | 359,270 | 9,930 | 369,200 | 310,954 | |
| Total expenditure | 359,270 | 369,200 | 325,638 | ||||
| Net income and net movement | in | funds | 14,786 | (238) | 14,548 | 9,274 | |
| Reconciliation offunds |
|||||||
| Total funds brought forward | 275,360 | 15,200 | 290,560 | 281,286 | |||
| Total funds carried forward | 290,146 | 14,962 | 305,108 | 290,560 |
| 31 March 2022 | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | 2 | |||
| Fixed assets | ||||
| Tangible fixed assets | 18 | 16,210 | 17,612 | |
| Investments | 19 | 1 | 1 | |
| 16,211 | 17,613 | |||
| Current assets | ||||
| Debtors | 20 | 25,149 | 15,183 | |
| Cash at bank and in | hand | 282,921 | 279,917 | |
| 308,070 | 295,100 | |||
| Creditors: amounts | falling due within one year | 21 | 19,173 | 22,153 |
| Net current assets | 288,897 | 272,947 | ||
| Total assets less current liabilities | 305,108 | 290,560 | ||
| Net assets | 305,108 | 290,560 | ||
| Funds ofthe charity | ||||
| Restricted funds | 14,962 | 15,200 | ||
| Unrestricted funds |
290,146 | 275,360 | ||
| Total charity funds | 22 | 305,108 | 290,560 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||
| 2 | 2 | 2 | ||||
| Donations | ||||||
| Donations and |
fundraising | 2,394 | 2,394 | |||
| Giff aid | 505 | 505 | ||||
| Grants | ||||||
| Dorset Council | 39,000 | 39,000 | ||||
| Bridport Town | Council | 6,000 | 6,000 | |||
| Arts Council | England | 58,468 | 58,468 | |||
| Capital Project | ||||||
| Coronavirus | Job Retention | Scheme | 8,441 | 8,441 | ||
| West Midlands | Combined | Authority | 1,000 | 1,000 | ||
| Sponsorship | ||||||
| Sponsorship | 2,500 | 2,500 | ||||
| Subscriptions | ||||||
| Subscriptions | 3,294 | 3,294 | ||||
| 121,602 | 121,602 |
| Donations | an | d legacies | (continued) | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| 2 | 2 | ||||||
| Donations | |||||||
| Donations | and | fundraising | 2,052 | 2,052 | |||
| Gift aid | 904 | 904 | |||||
| Grants | |||||||
| Dorset Council | 71,097 | 71,097 | |||||
| Bridport Town | Council | 6,000 | 6,000 | ||||
| Arts Council | England | 58,468 | 58,468 | ||||
| Capital Project | 2,000 | 2,000 | |||||
| Coronavirus | Job Retention | Scheme | 22,502 | 22,502 | |||
| West Midlands | Combined | Authority | |||||
| Sponsorship | |||||||
| Sponsorship | 5,000 | 5,000 | |||||
| Subscriptions | |||||||
| Subscriptions | 2,027 | 2,027 | |||||
| 165,050 | 5,000 | 170,050 | |||||
| Charitable | activities | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 6 | 2 | 2 | |||||
| Performing | arts and box office | 53,262 | 53,262 | ||||
| Bridport Pdize | 174,703 | 9,692 | 184,395 | ||||
| Educations | and visual arts | 6,599 | 6,599 | ||||
| Cinema | 3,737 | 3,737 | |||||
| 238,301 | 9,692 | 247,993 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| 6 | 6 | 6 | |||||
| Performing | arts and box office | 17,195 | 17,195 | ||||
| Bridport Prize | 131,317 | 10,200 | 141,517 | ||||
| Educations | and visual arts | 630 | 630 | ||||
| Cinema | |||||||
| 149,142 | 10,200 | 159,342 |
| Other trading | activities | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 6 | 2 | 2 | E | |||
| Cafe and Bar | income | 1,090 | 1,090 | 2,230 | 2,230 | |
| Arts centre hire | 4,982 | 4,982 | 187 | 187 | ||
| 6,072 | 6,072 | 2,417 | 2,417 | |||
| Investment income |
||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 2 | ||||||
| Bank interest | receivable | 12 | 12 | |||
| Other income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 2 | 2 | 2 | ||||
| Miscellaneous | income | 419 | 419 | 3,103 | 3,103 | |
| Utility income | 7,650 | 7,650 | ||||
| 8,069 | 8,069 | 3,103 | 3,103 | |||
| Costs ofother | trading activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 2 | 2 | |||||
| Cafe and Bar | costs | 14,684 | 14,684 | |||
| Expenditure | on charitable activities by fund type | |||||
| Unrestdcted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| 2 | 2 | 2 | ||||
| All charitable | activities | 154,046 | 9,930 | 163,976 | ||
| Support costs | 205,224 | 205,224 | ||||
| 359,270 | 9,930 | 369,200 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| 2 | 6 | |||||
| All charitable | activities | 142,709 | 142,709 | |||
| Support costs | 168,245 | 168,245 | ||||
| , 310,954 | 310,954 |
| Activities | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Total | funds | Total fund | |||||||||
| directly | Support | costs | 2022 | 2021 | ||||||||
| All charitable | activities | 163,976 | . | 203,988 | 367,964 | 309,804 | ||||||
| Governance | costs | 1,236 | 1,236 | 1,150 | ||||||||
| 163,976 | 205,224 | 369,200 | 310,954 | |||||||||
| 13. | Analysis of | support costs | ||||||||||
| Total 2022 | Total 2021 | |||||||||||
| Staff costs | 153,546 | 128,435 | ||||||||||
| Premises | 10,404 | 7,257 | ||||||||||
| Communications and IT |
7,474 | 9,448 | ||||||||||
| General office |
4,441 | 3,504 | ||||||||||
| Utilities | 11,089 | 3,380 | ||||||||||
| Insurance Bank charges |
and interest | 3,796 3,913 |
(3,066) 4,293 |
|||||||||
| Legal and professional | 5,886 | 10,108 | ||||||||||
| Depreciation | 3,439 | 3,736 | ||||||||||
| 203,988 | 167,095 | |||||||||||
| 14. | Net income | |||||||||||
| Net income is | stated after | charging/(crediting): | ||||||||||
| 2022 | 2021 | |||||||||||
| 2 | ||||||||||||
| Depreciation | of tangible fixed assets | 3,439 | 3,736 | |||||||||
| 15. | Independent | examination | fees | |||||||||
| 2022 | 2021 | |||||||||||
| Fees payable | to the independent | examiner for: | ||||||||||
| Independent | examination | ofthe | financial | statements | 1,236 | 1,150 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff | costs and employee | benefits forthe reporting | period are analysed as follows: | |
| 2022 2021 |
||||
| Wages and salaries | 153,546 128,435 |
|||
| The average | head count of employees during the year was |
10(2021:6). | ||
| No employee | received employee | benefits of more than 260,000 during the | year (2021:Nil). |
| No expenses have been paid to any ofthe trustees Tangible fixed assets |
during the year. |
|---|---|
| Fixtures and | |
| fittings | |
| Cost | |
| At 1 April 2021 | 21,348 |
| Additions | 2,037 |
| At 31 Illlarch 2022 | 23,385 |
| Depreciation | |
| At 1 April 2021 | 3,736 |
| Charge for the year | 3,439 |
| At 31 March 2022 | 7,175 |
| Carrying amount |
|
| At 31 March 2022 | 16,210 |
| At 31 March 2021 | 17,612 |
| At | ||||||
|---|---|---|---|---|---|---|
| At | 31 | March 202 | ||||
| 1 April 2021 | Income | Expenditure | Transfers | 2 | ||
| 2 | 2 | 2 | ||||
| General funds | 175,360 | 374,056 | (359,270) | 100,000 | 290,146 | |
| Designated | fund | 100,000 | (100,000) | |||
| 275,360 | 374,056 | (359,270) | 290,146 | |||
| At | ||||||
| At | 31 | March 202 | ||||
| 1 April 2020 | Income | Expenditure | Transfers | 1 | ||
| 2 | 2 | 2 | ||||
| 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 | |||
| Restricted | funds | |||||
| At | ||||||
| At | 31 | March 202 | ||||
| 1 April 2021 | Income | Expenditure | Transfers | 2 | ||
| 6 | 2 | |||||
| Bridport Prize fund | 10,200 | 9,692 | (9,930) | 9,962 | ||
| Susan Bittker | 5,000 | 5,000 | ||||
| 15,200 | 9,692 | (9,930) | 14,962 | |||
| At | ||||||
| At | 31 | March 202 | ||||
| 1 April 2020 | Income | Expenditure | Transfers | 1 | ||
| 2 | 2 | 2 | ||||
| Bridport Prize fund | 10,200 | 10,200 | ||||
| Susan Bittker | 5,000 | 5,000 | ||||
| 15,200 | 15,200 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Tangible fixed assets | 16,211 | 16,211 | ||
| Current assets | 293,108 | 14,962 | 308,070 | |
| Creditors less than | 1 year | (19,173) | (19,173) | |
| Net assets | 290,146 | 14,962 | 305,108 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 2 | F | |||
| Tangible fixed assets | 17,613 | 17,613 | ||
| Current assets | 279,900 | 15,200 | 295,100 | |
| Creditors less than | 1 year | (22,153) | (22,153) | |
| Net assets | 275,360 | 15,200 | 290,560 |