2021-03-31-accounts - Spill Festival Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

								31.3.21	31.3.20
					Unrestricted		Restricted	Total	Total
					funds	Designated	funds	funds	funds
				Notes	E		E
INCOME AND
ENDOWMENTS		FROM
Donations	and legacies			2	380,566			380,566	473,533
Charitable	activities
Theatre					2,312			2,312	13,779
Investment	income				196			196	342
Total					383,074			383,074	487,654
EXPENDITURE		ON
Charitable	activities
Theatre					134,678			134,678	128,359
Production/project			costs		71,556		5,489	77,045	109,733
Other					52,557			52,557	61,989
Total					258,791		5,489	264,280	300,081
NET
INCOME/(EXPENDITURE)					124,283		(5,489)	118,794	187,573
Transfers	between		funds	15	~262,218)	262 218
Net movement		in	funds		(137,935)	262,218	(5,489)	118,794	187,573
RECONCII.IATION			OF
FUNDS
Total funds brought
forward					182,935		89,379	272,314	84,741
TOTAL FUNDS		CARRIED
FORWARD					45,000	262,218	83,890	391,108	272,314

SPILL Festival Ltd
formerl The Robert Pacitti Com	an
Balance Sheet
31 March 2021
			31.3.21	31.3,20
		Notes		f.
FIXEDASSETS
Tangible assets			4,378	5,480
CURRENT ASSETS
Debtors		12	12,424	16,114
Cash at bank and in hand			381 270	288,644
			393,694	304,758
CREDITORS
Amounts falling due within one year		13	(6,964)	(37,924)
NET CURRENT ASSETS			386,73D	266 834
TOTAL ASSETSLESSCURRENT
LIABILITIES			391,108	272,314
NET ASSETS			391,108	272 314
FUNDS		15
Unrestricted funds			307,218	182,935
Restricted funds			83,890	89,379
TOTAL FUNDS			391,1D8	272,314

Cash Flow Statement
for the Year Ended 31 March	2021
		31.3.21	31.3.20
	Notes		F
Cash flows from operating	activities
Cash generated from operations 1		93,851	261,994
Net cash provided by operating activities		93,851	261,994
Cash flows from investing activities Purchase oftangible fixed assets		~1,225)	~4,291)
Net cash used in investing activities		~1,225)	~4,291)
Change in cash and cash
equivalents in the reporting	period	92,626	257,703
Gash and cash equivalents	at the
beginning ofthe reporting	period	288,644	30,941
Cash and cash equivalents	at the
end ofthe reporting period		381 270	288 844

RECONCILI ACTIVITIES	ATION	OF NE	T IN	COME TO NET CASH FLOW FROM	OPERATING
					31,3.21	31.3.20
Net Income	for the	reporting		period (as per the Statement
of Financial	Activities)				118,794	187,573
Adjustments	for:
Depreciation	charges				2,327	1,686
Decrease in	debtors				3,690	55,649
(Decrease)/increase		in creditors			~30960)	17086
Net cash provided		by operations			93851	261,994
ANALYSIS OF CHANGES			IN NET FUNDS
				At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank and in		hand		288,644	92,626	381,27D
				288,644	92 626	381,270
Total				288,644	92,626	381,27D

						31,3.21	31.3.20
						E	F
Donations						596	28,716
Grants						379,962	444,363
Membership						8	454
						366,566	473,533
Grants received,		included			in the above, are as follows:
						31,3.21	31.3.20
							F
Ipswich Borough Council						23,333	23,330
Arts Council	England			- NPO		27'l,615	266,708
ACE - Other	funding						64,000
Jerwood Charitable			Foundation				12,500
ACE - Catalyst		Match		Funding			37,825
Co-op							5,000
John Fllerman						20,000	35,000
Ipswich Borough Council					- COVID	25,000
Government	CJRS					40,014
						379,962	444,363

					31,3.21	31.3.20
					E
	Interest received				196	342
4.	INCOME FROM	CHARITABLE ACTIVITIES
					31.3.21	31.3.20
						F
	Theatre Income				2,312	13,779
5.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 6)	Totals
	Theatre			96,307	38,371	134,678
	Production/project	costs		77045		77 045
				173,352	38 371	211,723
8.	SUPPORT COSTS
			Administration	Professional	Governance
		Management	costs	/ financial	costs	Totals f
	Other resources
	expended	15,177	35,703	336	1,341	52,557
	Theatre	2,584	35,787			38,371
		17761	71,490	336	1 341	90928

Net income/(e	xp	enditur	e) is stated after charging/(c	rediting):
				31.3.21	31.3.20
					F
Depreciation	-	owned	assets	2,584	1,686

		31,3.21	31.3.20
			E
Wages Other	and salaries pension costs	203,330 5690	195,738 5 275
		209,020	201,013

The average monthly number ofemployees	during the year was as follows:
	31,3.21	31.3.20
Support	3	3
Production/project	3	3

for th	e Year Ended 31 March 2021	e Year Ended 31 March 2021	e Year Ended 31 March 2021
10.	COMPARATIVES FOR THE STATEMENT			OF FINANCIAL ACTIVITIES
				Unrestricted		Restricted	Total
				funds f	Designated	funds E	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			397,033		76,500	473,533
	Charitable activities
	Theatre			13,779			13,779
	Investment income						342
	Total			411,154		76,500	487,654
	EXPENDITURE ON
	Charitable activities
	Theatre			93,977		34,382	128,359
	Production/project costs			109,733			109,733
	Other			61 989			61 989
	Total			265,699		34,382	300,081
	NET INCOME			145,455		42,118	187,573
	RECONCILIATION OF FUNDS
	Total funds brought	forward		37,481		47,260	84,741
	TOTAL FUNDS CARRIED FORWARD			182 936	-	89,378	272,314

TANGIBLE FIXEDASSETS
	Fixtures
	and
	fittings f
COST
At 1 April 2020	12,263
Additions	1,225
At 31 March 2021	13488
DEPRECIATION
At 1 April 2020	6,526
Charge for year	2,584
At 31 March 2021	9,110
NET BOOK VALUE
At 31 March 2021	4 378
At 31 March 2020	5 737

DEBTORS:A	MOUNTS FALLING DUE WITHIN ON	E YEAR
		31.3.21	31.3.20
		F
Trade debtors		179
Other debtors		2,826	11,547
Prepayments	and accrued income	9419	4,567
		12,424	18,114

for th	e Year Ended 31 March 20	e Year Ended 31 March 20	21	21
13.	CREDITORS: AMOUNTS		FALLING DUE		WITHIN ONE	YEAR
								31.3.21	31.3.20
									F
	Trade creditors							36	6,341
	Social security and other		taxes					4,899	5,038
	Accruals and deferred	income						2,029	26,545
								6,964	37,924
14.	ANALYSIS OF NET ASSETS			BETWEEN	FUNDS
								31.3.21	31.3.20
			Unrestricted			Restricted		Total	Total
				funds	Designated	funds		funds	funds
				E					E
	Fixed assets			4,378				4,378	5,480
	Current assets Current liabilities		47,586 ~6,964)		262,218	83,890		393,694 ~6,964)	304,758 ~37,924)
				46,000	262,218	83890	,	391,108	272,314
15.	MOVEMENT IN FUNDS
						Net		Transfers
						movement		between	At
					At 1.4.20	In funds		funds	31.3.21
	Unrestricted funds
	General fund				142,935	124,283		(267,218)
	Overheads reserve				40,000			5,000	45,000
	Designated: Archiving							48,487	48,487
	Designated: SPILL 2021							213731	213731
					182,935	124,283			307,218
	Restricted funds
	ACE Ambition for Excellence				89,379	(5,489)			83,890
	TOTAL FUNDS				272,314	118,?94			391,108

Net movement	in funds, included in the abo	ve are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		F	E
Unrestricted	funds
General fund		383,074	(258,791)	124,283
Restricted funds
ACE Ambition	for Excellence		(5,489)	(5,489)
TOTAL FUNDS		383,074	~294 280)	118,794

Comparative	s	for movement in fu	nds
				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.20
				F
Unrestricted		funds
General fund			2,481	145,454	(5,000)	142,935
Overheads	reserve		35 DOD		5 DOD	4D ODO
			37,481	145,454		182,935
Restricted funds
Catalyst			8,961	(8,961)
ACE Ambition		for Excellence	38,299	51,080		89,379
			47,260	42,119		89,379
TOTAL FUNDS			84,741	187,573		272,314

Comparative	net mo	vement in funds, include	d in the above are as fo	llows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	F
Unrestricted	funds
General fund			411,154	(265,700)	145,454
Restricted funds
Catalyst				(8,961)	(8,961)
Jerwood Charitable		Foundation	12,500	(12,500)
ACE Ambition	for Excellence		64,000	~12 920)	51,080
			76 5DD	~34,381)	42 119
TOTAL FUNDS			487,654	~300,081)	187,573

A current ye	a	r 12months and prior	year 12months com	bined positio	n is as follows:
				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.21
			F		F
Unrestricted		funds
General fund			2,481	269,737	(272,218)
Overheads	reserve		35,000		10,000	45,000
Designated: Designated:	Archiving SPILL2021				48,487 213,731	48,487 213,731
			37,481	269,737		307,218
Restriicted	funds
Catalyst			8,961	(8,961)
ACE Ambition		for Excellence	38,299	45 591		83,890
			47,260	36,630		83,890
TOTAL FUNDS			84,741	3D6,367		391,1D8

in the above	are as	follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				F
Unrestricted	funds
General fund			794,228	(524,491)	269,737
Restricted funds
Catalyst				(8,961)	(8,961)
Jerwood Charitable		Foundation	12,500	(12,500)
ACE Ambition	for Excellence		64 ODO	~18409)	45 591
			76,500	~39,870)	36,630
TOTAL FUNDS			870,?28	~564,361)	306,367

SPILL Festival Ltd formerl The Robert	Pacitti Com an	Pacitti Com an
Detailed Statement	of Financial Activities
for the Year Ended	31 March 2021
			31.3.21	31.3.20
INCOME AND ENDOWMENTS
Donations and legacies
Donations			596	28,716
Grants			379,962	444,363
Membership			8	454
			380,566	473,533
Investment income
Interest received			196	342
Charitable activities
Theatre Income			2 312	13779
Total incoming resources			383,074	487,654
EXPENDITURE
Charitable activities
Wages			143,330	136,727
Pensions			5,690	5,275
Production costs			21,688	54,895
Advertising			2,644	7,451
			173,352	204,348
Support costs
Management
Venue hire London			(27)	656
Insurance			2,146	2,581
Ipswich rent 8 service charge			9,807	13,000
Telephone/internet			700	813
Computer maintenance			2,808	3,278
Depreciation oftangible		and heritage
assets			2,327	1 666
			17,761	22,014

SPILL Festival Ltd formerl The Robert Pacitti Com an~	SPILL Festival Ltd formerl The Robert Pacitti Com an~	SPILL Festival Ltd formerl The Robert Pacitti Com an~
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
			31.3.21	31.3.20
				P
INanagement
Administration		costs
Salaries/social		security costs fees	60,000	59,011
Training			1,322	2,847
Travel/transport			108	4,325
Subscriptions/licences			3,576	2,868
Recruitment			4,860	287
Printing/postage/stationery			509	392
Sundries			1,115	1,491
			71,490	71,221
Professional		/ financial
Bank charges			336	1,157
Governance	costs
Independent	examination		1,341	1,341
Total resources		expended	264,280	300,081
Net income			118784	187573