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