| Page | |||
|---|---|---|---|
| Reference and administrative details ofthe Charity, its Trustees and advisers |
|||
| Trustees' report |
2-19 | ||
| Independent | auditors' | report on the financial statements | 20-23 |
| Consolidated | statement offinancial activities |
24 | |
| Consolidated | balance | sheet | 25 |
| Charity balance sheet | 26 | ||
| Consolidated | statement ofcash flows | 27 | |
| Notes to the | financial | statements | 28 - 50 |
| Trustees | P Powell, | Chair | |||
|---|---|---|---|---|---|
| C Lacey | |||||
| C Russell | |||||
| JSiebert | |||||
| R Browne | |||||
| R Bolton | |||||
| N De Potter | |||||
| BCook | |||||
| A Bell | |||||
| A Mirmak | |||||
| Company | secretary | S Brown (appointed | 13October 2022) | ||
| SSelden | (Resigned | 13October 2022) | |||
| Charity registered | |||||
| number | 1073543 | ||||
| Principal | office | The Lightbox | |||
| Chobham | Road | ||||
| Woking | |||||
| Surrey | |||||
| GU21 4AA | |||||
| Independent | auditors | Hamlyns | Limited | ||
| Chartered | Accountants | ||||
| Statutory | Auditors | ||||
| Sundial House | |||||
| High Street | |||||
| Horsell | |||||
| Woking | |||||
| GU21 4SU | |||||
| Solicitors | W Davies and Son | ||||
| Acorn House | |||||
| 5 Chertsy | Road | ||||
| Woking | |||||
| Surrey | |||||
| GU21 5AB |
| Restricted | Unrestricted | Total | Tots/ | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | 6 | 6 | 6 | |||
| Income from: | ||||||
| Donations and legacies |
8,833 | 8,833 | 138,791 | |||
| Charitable activities |
71,378 | 668,822 | 740,200 | 748,088 | ||
| Other trading activities |
110,313 | 110,313 | 81,615 | |||
| Investments | 15,661 | 15,661 | 14,225 | |||
| Total income | 71,378 | 803,629 | 875,007 | 982,719 | ||
| Expenditure on: |
||||||
| Raising funds | 7,8 | 128,120 | 128,120 | 56,275 | ||
| Charitable activities |
9 | 71,410 | 816,019 | 887,429 | 702,019 | |
| Total expenditure | 71,410 | 944,139 | 1,015,549 | 758,294 | ||
| Net (expenditure)/income | before | |||||
| taxation | (32) | (140,510) | (140,542) | 224,425 | ||
| Taxation | 28,410 | 28,410 | 18,714 | |||
| Net movement in funds |
(32) | (112,100) | (112,132) | 243,139 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
27,249 | 623,514 | 650,763 | 407,624 | ||
| Net movement in funds |
(32) | (112,100) | (112,132) | 243,139 | ||
| Total funds carried forward | 27,217 | 511,414 | 538,631 | 650,763 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | 6 | 6 | |||||||
| Fixed assets | |||||||||
| Tangible assets | 14 | 18,716 | 27,298 | ||||||
| 18,716 | 27,298 | ||||||||
| Current assets | |||||||||
| Stocks | 16 | 14,401 | 18,646 | ||||||
| Debtors | 17 | 623,308 | 89,642 | ||||||
| Cash at bank | and | rn | hand | 519,689 | 1,197,296 | ||||
| 1,157,398 | 1,305,584 | ||||||||
| Creditors: amounts | falling due within one | ||||||||
| year | 18 | (637,482) | (682,118) | ||||||
| Net current | assets | 519,916 | 623,466 | ||||||
| Total assets | less | current liabilities | 538,632 | 650,764 | |||||
| Net assets excluding | pension asset | 538,632 | 650,764 | ||||||
| Tota I net assets | 538,632 | 650,764 | |||||||
| Charity funds | |||||||||
| Restricted funds |
19 | 27,217 | 27,249 | ||||||
| Unrestricted | funds | 19 | 511,415 | 623,515 | |||||
| Total funds | 538,632 | 650,764 |
| CHARITY BALANCE SHEET | CHARITY BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|---|
| AS AT 31 | MARCH 2022 | |||||||
| 2022 | 2021 | |||||||
| Note | 6 | |||||||
| Fixed assets | ||||||||
| Tangible assets | 14 | 18,716 | 27,298 | |||||
| Investments | 15 | 1 | 1 | |||||
| 18,717 | 27,299 | |||||||
| Current assets | ||||||||
| Debtors | 17 | 852,588 | 267,124 | |||||
| Cash at bank | and | in | hand | 381,663 | 1,070,820 | |||
| 1,234,251 | 1,337,944 | |||||||
| Creditors amounts |
falling due within one | |||||||
| year | 18 | (633,375) | (681,711) | |||||
| Net current | assets | 600,876 | 656,233 | |||||
| Total assets | less | current liabilities | 619,593 | 683,532 | ||||
| Net assets excluding | pension asset | 619,593 | 683,532 | |||||
| Total net assets | 619,593 | 683,532 | ||||||
| Charity funds | ||||||||
| Restricted funds |
19 | 27,127 | 27,249 | |||||
| Unrestncted | funds | 19 | 592,466 | 656,283 | ||||
| Total funds | 619,593 | 683,532 |
| FOR THE | YEAR ENDED 31 MARCH 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | ||||||
| Cash flows from operating | activities | |||||
| Net cash | used in operating |
activities | (675,835) | 283,865 | ||
| Cash flows from investing | activities | |||||
| Dividends, | interests and rents from investments |
120 | 320 | |||
| Purchase | of tangible fixed assets |
(1,892) | (1,781) | |||
| Net cash | used in investing | activities | (1,772) | (1,461) | ||
| Cash flows from financing | activities | |||||
| Net cash | provided by financing activities |
|||||
| Change | in cash and cash | equivalents in |
the year | (677,607) | 282,404 | |
| Cash and | cash equivalents | at the beginning | ofthe year | 1,197,296 | 914,892 | |
| Cash and cash equivalents | at the end of | the year | 519,689 | 1,197,296 | ||
| The notes on pages 28 to 50 form part ofthese financial statements |
| 3. | Income from donations | and legacies | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| E | ||||
| Donations | 8,833 | 8,833 | ||
| Legacies | ||||
| Giff aid | ||||
| 8,833 | 8,833 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2021 | 2021 | |||
| B | 8 | |||
| Donations | 97,476 | 97,476 | ||
| Legacies | 36,000 | 36,000 | ||
| Gift aid | 5,315 | 5,315 | ||
| 138,791 | 138,791 |
| Restricted | Unrestricted | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||
| 2022 | 2022 | 2022 | ||||||||
| E | E | |||||||||
| Income | from | charitable | activities | - | The Lightbox operating | |||||
| costs | ||||||||||
| Income | from | charitable | activities | - | Exhibitions | and events | 80,946 | 80,948 | ||
| Income | from | chantable | activities | - | Education | 14,948 | 14,948 | |||
| Income | from | charitable | activities | - | Project activity | 71,378 | 71,378 | |||
| Income | from | charitable | activities | - | Service income | 474,178 | 474,178 | |||
| Income | from | charitable | activities | - | Costs of generating | funds | 98,750 | 98,750 | ||
| 71,378 | 668,822 | 740,200 |
| Restricted | Unrestricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | ||||||
| 6 | 6 | |||||||
| Income from charitable | activities - The | Lightbox operating | ||||||
| cosis | 2,240 | 2,240 | ||||||
| Income from charitable | activities - Exhibitions | and events | 144,697 | 144,697 | ||||
| Income from charitable | activities - Education | 5,620 | 5,620 | |||||
| Income from chantable | activities - Project activity | 91,230 | 91,230 | |||||
| Income from charitable | activities - Service income | 504,301 | 504,301 | |||||
| 91,230 | 656,858 | 748,088 | ||||||
| Income | from other trading | activities | ||||||
| Income | from non charitable | trading | activities | |||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2022 | 2022 | |||||||
| 6 | 6 | |||||||
| Trading | company | 92,037 | 92,037 | |||||
| Activities | for generating | funds | 18,276 | 18,276 | ||||
| 110,313 | 110,313 | |||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2021 | 2021 | |||||||
| 6 | 8 | |||||||
| Trading | company | 23,217 | 23,217 | |||||
| Activities | for generating | funds | 58,398 | 58,398 | ||||
| 81,615 | 81,615 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| 6 | 5 | |
| Rents received | 15,559 | 15,559 |
| Deposit account interest | 102 | 102 |
| 15,661 | 15,661 | |
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| 5 | ||
| Rents received | 13,905 | 13,905 |
| Deposit accounts interest | 320 | 320 |
| 14,225 | 14,225 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| 5 | |||
| Support | costs | 3,570 | 3,570 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| 5 | 8 | ||
| Support costs | 3,682 | 3,682 | |
| Fundraising | trading expenses |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| 6 | 6 | |
| Opening stocks |
18,646 | 18,646 |
| Closing stocks | (14,401) | (14,401) |
| Purchases | 10,398 | 10,398 |
| Other staff costs | 421 | 421 |
| Staff salaries | 108,413 | 108,413 |
| Premises expenses | 1,073 | 1,073 |
| 124,550 | 124,550 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| 5 | ||
| Opening stock |
21,357 | 21,357 |
| Closing stock | (18,645) | (18,645) |
| Purchases | 2,636 | 2,636 |
| Staff costs | 47,150 | 47,150 |
| Other staff costs | 32 | 32 |
| Premises expenses | 60 | 60 |
| 52,590 | 52,590 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| 6 | |||
| Maintenance | charge |
| Restricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| f. | f | F | ||||
| The Lightbox | operating | costs | 321,791 | 321,791 | ||
| Exhibitions and events |
(81) | (81) | ||||
| Education | 42,451 | 42,451 | ||||
| Other trading | activities | 71,410 | 318 | 71,728 | ||
| Service income | 283,677 | 283,677 | ||||
| Costs ofgenerating | funds | 54,692 | 54,692 | |||
| Governance | costs | 99,057 | 99,057 | |||
| Commercial | trading | operations | 14,114 | 14,114 | ||
| 71,410 | 816,019 | 887,429 | ||||
| Restricted | Unrestncted | Total | ||||
| funds | funds | funds | ||||
| 2021 | 2021f | 2021f | ||||
| The Lightbox operating | costs | 210,218 | 210,218 | |||
| Exhibitions | and events | 199,172 | 199,172 | |||
| Education | 21,300 | 21,300 | ||||
| Proiect activity | 95,577 | 4,435 | 100,012 | |||
| Service income | 79,300 | 79,300 | ||||
| Costs ofgenerating | funds | 4,811 | 4,811 | |||
| Governance | costs | 84,554 | 84,554 | |||
| Commercial | trading | operations | 2,652 | 2,652 | ||
| 95,577 | 606,442 | 702,019 |
| Support | Total | ||||||
|---|---|---|---|---|---|---|---|
| Direct costs | costs | funds | |||||
| 2022 | 2022 | 2022 | |||||
| 6 | E | 6 | |||||
| The Lightbox | operating | costs | 276,008 | 45,783 | 321,791 | ||
| Exhibition and events |
(81) | (81) | |||||
| Education | 42,451 | 42,451 | |||||
| Other trading | activities | 56,968 | 14,760 | 71,728 | |||
| Service income | 261,902 | 21,775 | 283,677 | ||||
| Costs ofgenerating | funds | 54,692 | 54,692 | ||||
| Governance | costs | 59,731 | 39,326 | 99,057 | |||
| Commercial | trading | operations | 2,456 | 11,658 | 14,114 | ||
| 754,127 | 133,302 | 887,429 | |||||
| Activities | |||||||
| undertaken | Support | Total | |||||
| directly | costs | funds | |||||
| 2021 | 2021 | 2021 | |||||
| 5 | |||||||
| The Lightbox | operating | costs | 181,903 | 28,315 | 210,218 | ||
| Exhibitions | and events | 188,264 | 10,908 | 199,172 | |||
| Education | 21,300 | 21,300 | |||||
| Project activity | 86,267 | 13,745 | 100,012 | ||||
| Service income | 77,227 | 2,073 | 79,300 | ||||
| Costs ofgenerating | funds | 4,811 | 4,811 | ||||
| Governance | costs | 53,090 | 31,464 | 84,554 | |||
| Commercial | trading | operations | 1,020 | 1,632 | 2,652 | ||
| 613,882 | 88,137 | 702,019 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| F | 8 | |||
| Staff costs | 535,406 | 397,544 | ||
| Hire of plant and machinery | 2,289 | |||
| Rates and | water | 32,500 | 31,769 | |
| Light and heat | 28,444 | 24,695 | ||
| Exhibition | and events | 71,545 | 68,889 | |
| Premises | expenses | 27,637 | 11,383 | |
| Professional fees |
15,014 | 56,312 | ||
| Project activity | 37,142 | 9,262 | ||
| The fightbox operating | costs | 620 | ||
| Volunteer | costs | 75 | ||
| Trustees' | expenses | 3,257 | ||
| Training | 1,571 | |||
| Legal and | professional | 2,194 | 673 | |
| Sundries | 318 | 3,021 | ||
| Other | 1,636 | 4,811 | ||
| 754,125 | 613,882 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| E | |||||||
| Insurance | 23 127 | 13,910 | |||||
| Telephone | 1,806 | 512 | |||||
| Postage and | stationary | 11,314 | 7,865 | ||||
| Marketing and public relations |
11,252 | 3,834 | |||||
| Printing | 6,681 | 8,239 | |||||
| Other support | costs | 14,405 | 31,830 | ||||
| Depreciation | oftangible | and | heritage | assets | 10,574 | 9,110 | |
| Event costs | 113 | ||||||
| Auditors remuneration |
14,588 | 10,192 | |||||
| Bank charges | 4,971 | 2,645 | |||||
| Subscriptions | 2,031 | ||||||
| ITcosts | 32,440 | ||||||
| 133,302 | 88,137 | ||||||
| 11. | Auditors' remuneration |
||||||
| 2022 F |
2021f | ||||||
| Fees payable | to the Charity's | auditor | in respect of. | ||||
| Audit-related | assurance | services | 11,600 | 10,192 |
| Group | Group | Charity | Cirarity | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| E | 8 | |||||
| Wages | and | salaries | 552,675 | 444,694 | 552,675 | 444,694 |
| 552,675 | 444,694 | 552,675 | 444,694 |
| TBC | |
|---|---|
| Fundraising | |
| Education | |
| Collection | |
| Administration | and support |
| Marketing | |
| Exhibitions | |
| Visitor services | |
| Maintence |
| Group | Group |
|---|---|
| 2022 | 2021 |
| No. | No. |
| 20 | 21 |
| During th Trustee) |
e year ended 31 March 2022, expenses we broken down as follows: |
re reimbursed or paid directly to Trustee ( |
2021 - to |
|---|---|---|---|
| 2022 5 |
2021f | ||
| Trustees | expenses | 55 | 3,257 |
| Freehold | Improvements | Computer | ||
|---|---|---|---|---|
| property | to Property | equipment | Total | |
| 6 | 6 | |||
| Cost or valuation | ||||
| At 1 April 2021 | 639,240 | 28,457 | 60,387 | 728,084 |
| Additions | 1,892 | 1,892 | ||
| At 31 March 2022 | 639,240 | 28,457 | 62,279 | 729,976 |
| Depreciation | ||||
| At 1 Apnl 2021 | 627,850 | 18,918 | 54,018 | 700,786 |
| Charge for the year | 306 | 3,959 | 6,209 | 10,474 |
| At 31 March 2022 | 628,156 | 22,877 | 60,227 | 711,260 |
| Net book value | ||||
| At 31 March 2022 | 11,084 | 5,580 | 2,052 | 18,716 |
| At 31 March 2021 | 11,390 | 9,539 | 6,369 | 27,298 |
| Investment | ||
|---|---|---|
| in subsidary | ||
| undertaking | ||
| Charity | E | |
| Cost or valuation | ||
| At 1 April 2021 | ||
| At 31 March 2022 | ||
| Net book value | ||
| At 31 March 2022 | ||
| At 31 March 2021 |
| Group | Group | |
|---|---|---|
| 2022 | 2021 | |
| E | ||
| Stock | 14,401 | 18,546 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| 2022 F |
2021f | 2022 | 2021f | ||||
| Due within one year | |||||||
| Trade debtors | 552,924 | 16,132 | 548,393 | 16,132 | |||
| Amounts owed |
by group | undertakings | 235,373 | 177,482 | |||
| Other debtors | 39,053 | 46,069 | 39,054 | 46,069 | |||
| Prepayrnents and accrued income |
31 331 | 27,441 | 29,768 | 27,441 | |||
| 623,308 | 89,642 | 852,588 | 267,124 | ||||
| Creditors: Amounts | falling due within one year | ||||||
| Group | Group | Charity | Charity | ||||
| 2022 | 2021 | 2022 E |
2021f | ||||
| Trade creditors | 111,804 | 129,700 | 108,352 | 129,297 | |||
| Other taxation | and social security | 656 | 6 | ||||
| Other creditors | 253 | 253 | |||||
| Accruals and deferred | income | 524,769 | 552,412 | 524,770 | 552,414 | ||
| 637,482 | 682,118 | 633,375 | 681,711 | ||||
| Group | Group | Charity | Charity | ||||
| 2022 F |
2021 | 2022 E |
2021f | ||||
| Deferred income at 1 |
April 2021 | 520,686 | 502,476 | 520,686 | 502,476 | ||
| Balances arising in this |
period | 487,908 | 520,586 | 487,908 | 520,686 | ||
| Balances released to | the SOFA | (520,686) | (502,473) | (520,686) | (502,473) | ||
| 487,908 | 520,589 | 487,908 | 520,689 |
| Statement offunds - curren | t year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | 31 March | ||||
| April 2021f | Income 6 |
Expenditure 6 |
Taxation 6 |
2022 6 |
|
| Unrestricted funds |
|||||
| General Funds - all funds |
623,515 | 803,629 | (944,139) | 28,410 | 511,415 |
| Restricted funds | |||||
| Young Curators | 2,962 | 2,962 | |||
| NADFAS - Centrepiece | 1,138 | 75 | (1,384) | (171) | |
| Arts for dementia | 8,014 | 8,014 | |||
| Paul Hamlyn - More and |
|||||
| Better | 3,790 | 3,790 | |||
| ACE Recovery | (1,130) | 6,400 | (5,270) | ||
| Without Walls | 8,475 | (7,225) | 1,250 | ||
| D'Oyly Carte | 3,000 | (3,000) | |||
| SEMDP | 1,000 | (787) | 213 | ||
| ACE Recovery 2 | 32,000 | (32,000) | |||
| Arnold Cark (YC) |
1,000 | (511) | 489 | ||
| Hedley (YC) | 750 | (191) | 559 | ||
| ArtsSoc (YC) | 2,100 | (610) | 1,490 | ||
| John Ackroyd | 10,000 | (5,286) | 4,714 | ||
| NLCF Young Carers | 9,800 | 9,800 | |||
| Art in mind | 2,518 | (8,487) | (5,969) | ||
| Marilyn Scott Bursary | 3,235 | 3,235 | |||
| Young Creatives | (2,838) | (2,838) | |||
| D'Oyly Carte (YC) | 3,500 | (600) | 2,900 | ||
| Art &Wellbeing | (3,221) | (3,221) | |||
| 27,249 | 71,378 | (71,410) | 27,217 | ||
| Total offunds | 650,764 | 875,007 | (1,015,549) | 28,410 | 538,632 |
| Statement offunds - prior year |
||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at | 31 March | |||
| 1 April 2020 | Income f |
Expenditure | 2021 f |
|
| Unrestricted funds |
||||
| General Funds - all funds |
371,597 | 891,488 | (639,570) | 623,515 |
| Restricted funds | ||||
| Young Curators | 3,578 | (616) | 2,962 | |
| NADFAS - Centrepiece | 988 | 750 | (600) | 1,138 |
| Arts for dementia | 11,614 | 4,000 | (7,600) | 8,014 |
| Paul Hamlyn - More and Better |
11,375 | 2,560 | (10,145) | 3,790 |
| ACE Emergancy | 22,320 | (22,320) | ||
| ACE Recovery | 57,600 | (58,730) | (1,130) | |
| Without Walls | 8,475 | 8,475 | ||
| D'Oyly Carte | 3,000 | 3,000 | ||
| SEMDP | 1,000 | 1,000 | ||
| 36,030 | 91,230 | (100,011) | 27,249 | |
| Total offunds | 407,627 | 982,718 | (739,581) | 650,764 |
| Summary | offunds - cu | rrent year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 March | |||||
| April 2021 | Income | Expenditure | Taxation | 2022 | ||
| E | E | E | E | E | ||
| General funds | 623,515 | 803,629 | (944,139) | 28,410 | 511,415 | |
| Restricted | funds | 27,249 | 71,378 | (71,410) | 27,217 | |
| 650,764 | 875,007 | (1,015,549) | 28,410 | 538,632 |
| Summary | offunds - prior year | ||||
|---|---|---|---|---|---|
| Balance et | |||||
| Balance et | 31 March | ||||
| 1 April 2020 | Income | Expenditure | 2021 | ||
| E | E | ||||
| General funds | 371,597 | 891,488 | (639,570) | 623,515 | |
| Restricted | funds | 36,030 | 91,230 | (100,011) | 27,249 |
| 407,627 | 982,718 | (739,581) | 650,764 |
| Analysis | of n | et asse | ts | between funds - curre | nt year | ||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| E | E | ||||||
| Tangible | fixed | assets | 18,716 | 18,716 | |||
| Current | assets | 27,217 | 1,130,181 | 1,157,398 | |||
| Creditors | due | within | one | year | (637,482) | (637,482) | |
| Total | 27,217 | 511,415 | 538,632 |