|Trustees||R Behari|||(Appointed|26 May 2021)|
|---|---|---|---|---|---|---|
|||N Bintley (Treasurer||and Secretary)|||
|||C Evans|||||
|||J Falkingham|||||
|||I McCarthy|(Vice Chair and Chair of||||
|||FHRC)|||||
|||H Patel|||(Appointed|26 May 2021)|
|||L Pritchard|||(Appointed|9June 2022)|
|||S Smith|||(Appointed|26 May 2021)|
|||K Soriano (Chair ofTrustees)|||||
|||YTan|||(Appointed|26 May 2021)|
|||AValle|||||
|Secretary||J M Mitchell|||||
|Charity number||1073956|||||
|Company|number|03659361|||||
|Principal address||55 New Bird Street|||||
|||Liverpool|||||
|||L1 OBW|||||
|Registered|office|PO Box 1200|||||
|||55Jordan Street|||||
|||Liverpool|||||
|||L69 1XB|||||
|Auditor||DSG|||||
|||Castle Chambers|||||
|||43 Castle Street|||||
|||Liverpool|||||
|||L2 9TL|||||
|Bankers||Barclays Bank pic|||||
|||265 -267 Lord Street|||||
|||Southport|||||
|||PR8 1PD|||||
|Solicitors||Hill Dickinson|||||
|||No 1 St Pauls Square|||||
|||Liverpool|||||
|||L39SJ|||||





|||Page|
|---|---|---|
|Trustees'<br>report||1-12|
|Statement oftrustees'|responsibilities|13|
|Independent<br>auditor's|report|14-16|
|Statement offinancial|activities|17-18|
|Balance sheet||19|
|Statement ofcash flows||20|
|Notes to the financial|statements|21-38|





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|Current financial year|Current financial year||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|||
|||||general|designated||||
|||||2022|2022|2022|2022|2021|
||||Notes||||||
|Income from:|||||||||
|Donations<br>and|legacies|||1,007,199|||1,007,199|1,067,297|
|Charitable<br>activities||||3,954||11,500|15,454|761,267|
|Other trading<br>activities||||||||9,167|
|Investments||||515|||515|1,109|
|Total income||||1,011,668||11,500|1,023,168|1,838,840|
|Ex ni<br>r|n:||||||||
|Raising funds||||77,278|||77,278|61,158|
|Charitable<br>activities||||960,482||558,522|1,519,004|1,141,045|
|Total expenditure||||1,037,760||558,522|1,596,282|1,202,203|
|Net (expenditure)/income||for the|year/||||||
|Net movement|in funds|||(26,092)||(547,022)|(573,114)|636,637|
|Reconciliation|offunds||||||||
|Fund balances|at 1 April|2021||761,776|162,932|630,419|1,555,127|918,490|
|Fund balances|at 31 March 2022|||735,684|162,932|83,397|982,013|1,555,127|





## 

## 

|Prior financial|year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|
|||||funds|funds|funds||
|||||general|designated|||
|||||2021|2021|2021|2021|
||||Notes|||||
|Income from:||||||||
|Donations<br>and|legacies|||1,067,297|||1,067,297|
|Charitable<br>activities||||184,222||577,045|761,267|
|Other trading<br>activities||||||9,167|9,167|
|Investments||||1,109|||1,109|
|Total income||||1,252,628||586,212|1,838,840|
|Ex ni<br>r|n:|||||||
|Raising funds||||61,158|||61,158|
|Charitable<br>activities||||840,182|56,600|244,263|1,141,045|
|Total expenditure||||901,340|56,600|244,263|1,202,203|
|Net (expenditure)/income||for the year/||||||
|Net movement|in funds|||351,288|(56,600)|341,949|636,637|
|Reconciliation|offunds|||||||
|Fund balances|at 1 April|2020||410,488|219,532|288,470|918,490|
|Fund balances|at 31 March 2021|||761,776|162,932|630,419|1,555,127|





## 

## 

|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|f||||
|Fixed assets||||||||
|Tangible assets|||12||3,206||3,954|
|Current assets||||||||
|Debtors|||14|43,953||666,749||
|Cash at bank and|in hand|||974,254||1,070,078||
|||||1,018,207||1,736,827||
|Liabilities||||||||
|Creditors: amounts||falling due within one||||||
|year|||15|(39,400)||(185,654)||
|Net current assets|||||978,807||1,551,173|
|Total net assets|||||982,013||1,555,127|
|The funds ofthe|charity|||||||
|Restricted<br>funds|||17||83,397||630,419|
|Designated<br>funds|||18|162,932||163,532||
|General<br>unrestricted||funds||735,684||761,776||
|Total unrestricted|funds||||898,616||924,708|
|Total charity funds|||||982,013||1,555,127|





## 

||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||||
|Cash flows from operating|||activities||||||
|Cash (absorbed||by)/generated|from|22|||||
|operations||||||(92,914)||230,799|
|Investing|activities||||||||
|Purchase|oftangible<br>fixed assets||||(3,425)||(2,766)||
|Investment|income received||||515||1,109||
|Net cash|used|in investing|activities|||(2,910)||(1,658)|
|Net cash|used|in financing|activities||||||
|Net (decrease)/increase<br>in|||cash and|cash|||||
|equivalents||||||(95,824)||229,141|
|Cash and|cash|equivalents<br>at beginning||of year||1,070,078||840,937|
|Cash and|cash|equivalents|at end of|year||974,254||1,070,078|





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||general|general|
|||||2022|2021|
|||||E||
|Donations|and gifts|||12,863|38,012|
|Grants receivable|||for core activities|994,336|1,029,285|
|||||1,007,199|1,067,297|
|Grants receivable|||for core activities|||
|Arts Council||England||766,361|766,361|
|Liverpool|City Council|||191,475|212,751|
|JRS Furlough||Grants|||38,268|
|Other||||36,500|11,905|
|||||994,336|1,029,285|





## 

## 

|||||||Biennial|Biennial|
|---|---|---|---|---|---|---|---|
|||||||Festival|Festival|
|||||||2022|2021|
||Sales within charitable||||activities|1,123|21,884|
||Services|provided||under contract|||50,000|
||Performance||related grants|||11,500|527,045|
||Other income|||||2,831|162,338|
|||||||15,454|761,267|
||Analysis|by fund||||||
||Unrestricted<br>funds|||- general||3,954|184,222|
||Restricted|funds||||11,500|577,045|
|||||||15,454|761,267|
|5|Other trading||activities|||||
|||||||Total|Restricted|
||||||||funds|
|||||||2022|2021|
||Sponsorships||||||9,167|
|6|Investments|||||||
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||general|general|
|||||||2022|2021|
||||||||f|
||Interest receivable|||||515|1,109|





## 

||||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||general|general|
||||||||2022|2021|
||||||||f:||
||Fundraisin||and|ublici|||||
||Other fundraising|||costs||||6,008|
||Staff costs||||||77,278|55,150|
||Fundraising||and publicity||||77,278|61,158|
|8|Charitable||activities||||||
||||||||Biennial|Biennial|
||||||||Festival|Festival|
||||||||2022|2021|
||Staff costs||||||416,560|499,076|
||Premises|costs|||||76,614|47,976|
||Artist fees||||||56,917|39,801|
||Print, post||and stationery||||1,753|569|
||Telephone||||||2,129|2,839|
||Travelling||||||4,184|1,249|
||Legal and|professional||||fees|16,204|15,984|
||Training||||||11,813|17,084|
||International||exhibition|||costs|703,185|311,864|
||Marketing||||||127,322|91,613|
||Sundry expenses|||||||1,475|
||||||||1,416,681|1,029,530|
||Share ofsupport|||costs||(see note 9)|17,136|29,293|
||Share ofgovernance||||costs (see note 9)||85,187|82,222|
||||||||1,519,004|1,141,045|
||Analysis|by fund|||||||
||Unrestricted||funds - general||||960,482|840,182|
||Unrestricted||funds - designated|||||56,600|
||Restricted||funds||||558,522|244,263|
||||||||1,519,004|1,141,045|





## 

## 

|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2022|Support|Governance|2021|
|||costs|costs||costs|costs||
||||E|||f:||
|Staff costs||12,963|75,712|88,675|24,639|75,942|100,581|
|Depreciation||4,173||4,173|4,654||4,654|
|Audit fees|||5,400|5,400||2,820|2,820|
|Accountancy|||4,075|4,075||3,460|3,460|
|||17,136|85,187|102,323|29,293|82,222|111,515|
|Analysed|between|||||||
|Charitable|activities|17,136|85,187|102,323|29,293|82,222|111,515|



## 

## 

|The avera|ge<br>monthly<br>n|umb|er ofemployees<br>during the year was:|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Number|Number|
|Activities|in furtherance|of|the charity's objects|15|14|
|Managing|and administering||the charity|4|3|
|Total||||19|17|
|Employment<br>costs||||2022|2021|
||||||E|
|Wages and salaries||||522,593|610,028|
|Social security costs||||38,310|35,885|
|Other pension costs||||21,610|8,894|
|||||582,513|654,807|





## 

|12|Tangible fixed assets|Tangible fixed assets|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Leasehold|Office|Computer|Total|
||||||||improvements|equipment|Equipment||
|||||||||F|E||
||Cost||||||||||
||At 1 April 2021||||||124,067|664|17,480|142,211|
||Additions||||||||3,425|3,425|
||At 31 March 2022||||||124,067|664|20,905|145,636|
||Depreciation||||||||||
||At 1 April 2021||||||124,067|664|13,526|138,257|
||Depreciation<br>charged|||in the|year||||4,173|4,173|
||At 31 March 2022||||||124,067|664|17,699|142,430|
||Carrying<br>amount||||||||||
||At 31 March 2022||||||||3,206|3,206|
||At 31 March 2021||||||||3,954|3,954|
|13|Financial<br>instruments||||||||2022|2021|
||||||||||F|F|
||Carrying<br>amount||of|financial||assets|||||
||Debt instruments|measured|||at|cost|||37,103|1,711,835|
||Carrying<br>amount||of|financial||liabilities|||||
||Measured<br>at cost||||||||39,400|182,281|
|14|Debtors||||||||||
||||||||||2022|2021|
||Amounts<br>falling|due||within one year:||||||F|
||Other debtors||||||||37,496|641,757|
||Prepayments<br>and||accrued income||||||6,457|24,992|
||||||||||43,953|666,749|
|15|Creditors: amounts|||falling|due within one year||||||
||||||||||2022|2021|
||||||||||F|F|
||Other taxation<br>and||social security|||||||3,373|
||Trade creditors||||||||20,409|132,490|
||Other creditors||||||||12,684|19,946|
||Accruals and deferred|||income|||||6,307|29,845|
||||||||||39,400|185,654|





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|(h<br>C<br>m<br>O<br>l<br>N<br>Ol|C<br>m <br>g&<br>CL|~<br>N<br>m<br>O<br>~e|(D<br>0|m0C<br>m<br>CL<br>N<br>LLI<br>m<br>O<br>C<br>cL'|N<br>(h<br>'C <br>&<br>c<br>mO<br>L|0<br>LL<br>m<br> O<br>C<br>m<br>N|N<br>O<br>mC<br>CD<br>Z<br>O 8<br>'x ~<br>m<br>m<br>NXZ<br>& v- o-<br>ooo<br>N<br>N<br>N<br>(h<br>m<br>m<br>m<br>E E<br>O<br>LLI<br>LLI|||m<br>C<br>m(Dc<br>ID<br>Z (0 +<br>p p<br>NC<br>N<br>N<br>N<br>N<br>m<br>m<br>Ct Ct<br>E .c<br>LLI<br>LLI<br>LL.|||m <br>LL|C<br>m<br>O<br>E0C0<br>O<br>LLI<br>CD<br>C0<br>CD<br> 0<br> Z|m<br>mj<br>0<br>O<br>C<br>m .N<br>C<br>m||LL<br>m<br>(U<br>c <br>0|O|N<br>(D00<br>(D<br>p<br>~ O o<br>CL<br>m<br>m<br>)0&||||





## 

||||Movement|in funds||Movement||
|---|---|---|---|---|---|---|---|
|||||||in funds||
|||Balance at|Incoming|Resources|Balance at|Incoming|Balance at|
|||1 April 2020|resources|expended|1 April 2021|resources|31 March 2022|
|||E|||E||F|
|Public realm|works|69,532||(20,000)|49,532||49,532|
|Sustainability|and|||||||
|resillience||150,000||(36,000)|113,400||113,400|
|||219,532||(56,000)|162,932||162,932|





## 

## 

|||||2022|2021|
|---|---|---|---|---|---|
|Within one year||||18,172|17,799|
|Between two and five years||||53,612|53,139|
|||||71,784|70,938|
|Related party transactions||||||
|Remuneration|of key management|personnel||||
|The remuneration|of key management|personnel|is as follows.|||
|||||2022|2021|
|||||E|E|
|Aggregate<br>remunerattion||||186,689|151,227|



## 

|22|Cash generated<br>from|operations|operations||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||Net (expenditure)/income|for the year (as per the statement||||offinancial|||
||activities)||||||(573,114)|636,637|
||Adjustments<br>for:||||||||
||Investment<br>income recognised||in statement|offinancial|activities||(515)|(1,109)|
||Depreciation<br>oftangible|fixed assets|||||4,173|4,654|
||Movements<br>in working|capital:|||||||
||Decrease/(increase)<br>in|debtors|||||622,796|(443,282)|
||(Decrease)/increase<br>in|creditors|||||(146,254)|33,899|
||Cash (absorbed<br>by)/generated||from operations||||(92,914)|230,799|





##