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|Report of|the Trustees|||
|---|---|---|---|
|Report of|the Independent
Auditors||26|
|Statement|of Financial|Activities|30|
|Statement|of Financial|Position|31|
|Cashf low|Statement||32|
|Notes to the Financial||Statements|33|
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|Pablo Bronstein|Catherine
Wood|
|---|---|
|Joanna
Dunnett|Ellis Woodman|
|Michael
Linington|Jeremy Scholar|
|Mark Miller|Richard Scott|
|Elizabeth
Price|Victoria Siddall|
|Paul Rakkar|Fred Manson|
|Auditor|Victoria Anderson
BA (Hone) FCA DChA|Victoria Anderson
BA (Hone) FCA DChA|
|---|---|---|
||Clark Brownscombe|Limited|
||2 StAndrews
Place||
||Lewes, East Sussex||
||BN7 1UP||
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||||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|||
||||||5|5|||
|Income and|endowments||from:||||||
|Donations|and legacies||||661,995|1,174,169|1,836,164|950,377|
|Charitable|activities|||||158,505|158,505|143,998|
|Other trading
activites|||||236,843|27,192|264,035|694,535|
|Investments|||||4,865||4,865|1,549|
|Otherincome|||||14,196||14,196|10,630|
|Total|||||917,899|1,359,866|2,277,765|1,801,089|
|Expenditure|on:||||||||
|Raising funds||||7/8|(109,385)|(3,102)|(112,487)|(291,448)|
|Charitable|act(visas|||9/10|(559,813)|(92,138)|(651,951)|(625,317)|
|Total|||||(669,198)|(95,240)|(764,438)|(916,765)|
|Net income|||||248,701|1,264,626|1,513,327|884,324|
|Reconciliation
offunds|||||||||
|Total funds|brought|forward|||5,430|1,328,715|1,334,145|449,821|
|Total funds|carried forward||||254,131|2,593,341|2,847,472|1,334,145|
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||||||Notes|2021|2020|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||||15|1,859,858|469,595|
|||||||1,859,858|469,595|
|Current assets||||||||
|Debtors||||||276,150|244,830|
|Cash at bank and|in hand|||||768,607|671,468|
|||||||1,044,757|916,298|
|Creditors: amounts|falling|due within|one year||17|(57,143)|(51,748)|
|Net current assets||||||987,614|864,550|
|Total assets less current liabilities||||||2,847,472|1,334,145|
|Net assets||||||2,847,472|1,334,145|
|The funds ofthe charity||||||||
|Restricted income|funds||||18|2,593,341|1,328,715|
|Unrestricted
income funds|||||18|254,131|5,430|
|Total funds||||||2,847,472|1,334,145|
|These financial
statements||are prepared|in accordance|with the special provisions|of part 15ofthe Companies|Act 2006 relating to small||
|charitable
companies||||||||
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||Forthe y|ear ended 81March 2021||||
|---|---|---|---|---|---|
|||2021||2020||
|Cash flow from operating actlvnlss||||||
|Cash generated
from operations||1,484,981|||774,430|
|Dividends,
interest and rent from Investments||4,865||1,549||
|Purchase oftangible assets||~739
~738|84|~279273|~4|
|||97,139|||496,706|
|Cash and cash equivalents
at beginning|ofyear||||17 733|
|Cash snd cash equivalents
at end ofyear||768,607|||671,468|
|Cash generated
horn operations||||||
|Net movement
in funds||1,513,327|||884,324|
|Adjustments
for:||||||
|Depreciation
and amortlsatlon
offixed|assets||2,444||3,266|
|Dividends,
interest and rent from investments||(4,865)|||(1,549)|
|Movement
in working capital||||||
|(Increase)/decrease
In stocks|||||37,866|
|(Increase)/decrease
in debtors
Increase/(Decrease)
in creditors||(31,320)
5,395|||(122,080)
~7.39|
|Cash generated
from opersgona|||||774,430|
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||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
||||funds|funds|||
||||6|6|||
|Donations|received||610,666|1,174,169|1,784,835|872,057|
|Grants received|||11,810||11,810|22,748|
|Sponsorships||received|39,519||39,519|55,572|
||||661,995|1,174,169|1,836,164|950,377|
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|ncome from|charitable activities|||
|---|---|---|---|
|||2021|2020|
|||6|6|
|Restricted funds||||
|Programme||||
|Exhibitions|and studio|62,045|39,248|
|programme||||
|Participation|programme|96,460|104,750|
|||158,505|143,998|
|||158,505|143,998|
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|ncome earned from other activities|||||
|---|---|---|---|---|
||Unrestricted|Restricted|2021|2020|
||funds|funds|||
||5||||
|House ofVoltaire||12,362|12,362|478,306|
|Shop income|233,924|14,830|248,754|195,192|
|Studio hire||||20,322|
|Capsule Collection fundraiser|2,919||2,919||
|Sundry income||||715|
||236,843|27,192|264,035|694,535|
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|nvestment
in|come|||
|---|---|---|---|
|||2021|2020|
|||8|5|
|Unrestricted|funds|||
|Bank interest|receivable|4,865|1,549|
|||4,865|1,549|
|ther income||||
|||2021|2020|
|||6|5|
|Unrestricted|funds|||
|Gallery tax credit||14,196|10,630|
|||14,196|10,630|
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|Unrestricted|Restricted|2021|2020|
|---|---|---|---|
|funds|funds|||
||6|||
|2,987|3,102|6,089|5,259|
|2,987|3,102|6,089|5,259|
|2021|2020|
|---|---|
|6|5|
|106,398|286,169|
|106,398|286,189|
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|osts ofcharitable
activities
by fund typ|e||||
|---|---|---|---|---|
||Unrestricted|Restricted|2021|2020|
||funds|funds|||
|||6|6|6|
|Programme|113,562|85,052|198,614|263,221|
|Support costs|446,251|7,086|453,337|362,096|
||559,813|92,138|651,951|625,317|
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|Costs ofcha|ritable
activities
by activity type|||||
|---|---|---|---|---|---|
|||Activities|Support|2021|2020|
|||undertaken|costs|||
|||directly||||
|||6||||
|Support costs||||||
|Pnigramme||198,614|453,337|651,951|625,317|
|Analysis of|support costs|||||
|||Raising|Programme|2021|2020|
|||funds||||
|Management||6,089|416,928|423,017|331,453|
|Administration|and||31,724|31,724|31,402|
|office||||||
|Governance|costs||4,685|4,685|4,500|
|||6,089|453,337|459,426|367,355|
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|2021|2020|
|---|---|
|6|f|
|2,444|3,266|
|4,685|4,500|
|9,014|8,076|
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|Total staff costs for the year ended 31 March 2021 were:|||
|---|---|---|
||2021|2020|
||6|6|
|Salaries and wages|351,976|280,977|
|Social security costs|32,817|25,949|
|Pension costs|9,014|8,076|
||393,808|315,002|
||2021|2020|
|Gallery staff|11|12|
|||12|
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|Comparative
for th|e State|ment of Financial Activities||||
|---|---|---|---|---|---|
||||Unmstrlcted|Restricted|2020|
||||funds|funds||
||||6|6||
|Income and endowments||from:||||
|Donations
and legacies|||148,638|801,739|950,377|
|Charitable
activities|||41,103|102,895|143,998|
|Other trading actwites|||567,699|126,836|694,535|
|Investments|||1,549||1,549|
|Other income|||10,630||10,630|
|Total|||769,619|1,031,470|1,801,089|
|Expenditure
on:||||||
|Raising funds|||(291,448)||(291,448)|
|Charitable
activities|||(583,481)|(41,836)|(625,317)|
|Total|||(874,929)|(41,836)|(916,765)|
|Net income/expenditure|||(105,310)|989,634|884,324|
|Reconciliation offunds||||||
|Total funds brought|forward||110,740|339,081|449,821|
|Total funds carried|forward||5,430|1,328,715|1,334,145|
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||Land and|Plant and||
|---|---|---|---|
|Cost orvaluation|Buildings|Machinery|Total|
||5||6|
|At 01 April 2020|465,430|19,533|484,963|
|Additions|1,390,984|1,723|1,392,707|
|At 31 March 2021|1,856,414|21,256|1,877,671|
|Depreciation||||
|At 01 April 2020||15,368|15,368|
|Charge for year||2,444|2,444|
|At 31 March 2021||17,812|17,812|
|Net book values||||
|At 31 March 2021|1,856,414|3,445|1,859,859|
|At 31 March 2020|465,430|4,165|469,595|
|Debtors||||
|||2021|2020|
||||8|
|Amounts
due within one year:||||
|Trade debtors||173,457|162,902|
|Prepayments
and accrued income||24,864|34,630|
|Other debtors||77,829|47,298|
|||276,150|244,830|
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|17.Creditors: amounts|fa8lng due within one year|fa8lng due within one year|||
|---|---|---|---|---|
||||2021|2020|
|Trade creditors|||43,254|25,084|
|Other creditors|||2,755|4,789|
|Accruals and deferred||income|11,134|21,875|
||||57,143|51.748|
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|Unrestricted||Funds|||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at|Incoming|Outgoing|Transfers|Balance at|
|||||01/04/2020|resources|resources||31/03/2021|
|||||f||6|8||
|Designated|||||||||
|Organisational||reserve||20,394||||20,394|
|Programme|fund||||||41,770|41,770|
|General|||||||||
|Unrestricted||funds||(14,964)|917,899|(669,198)|(41,770)|191,967|
|||||5/l30|917,899|(669,198)||254,131|
|Unrestricted||Funds - Previous|year||||||
|||||Balance at|Incoming|Outgoing|Transfers|Balance at|
|||||01/04/2019|resources|resources||31/03/2020|
|||||f||6|8|6|
|Designaied|||||||||
|Organisational||reserve||35,000|||(14,606)|20,394|
|Genera/|||||||||
|Unrestricted|funds|||75,740|769,619|(874,929)|14,606|(14,964)|
|||||110,740|769,619|(874,929)||5,430|
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|||Balance at|Incoming|Outgoing|Balance at|
|---|---|---|---|---|---|
|||01/04/2020|resources|resources|31/03/2021|
|||6||||
|New Building|fund|1,176,442|1,201,361||2,377,803|
|Programme|fund|152,273|158,505|(95,240)|215,538|
|||1,328,715|1,359,866|(95,240)|2,593,341|
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|||Balance at|Incoming|Outgoing|Balance at|
|---|---|---|---|---|---|
|||01I0412019|resources|resources|31/03/2020|
|New Building|fund|247,868|926,574||1,176,442|
|Programme|fund|91,213|102,896|(41,836)|152,273|
|||339,081|1,031,470|(41,836)|1,328,715|
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|Analysis of net||assets between funds||||
|---|---|---|---|---|---|
||||Tangible|Net current|Net Assets|
||||fixed assets|SSSStSI||
|||||(lisb8ltlss)||
|||||6||
|Unrestricted
funds||||||
|General||||||
|Unrestricted||funds|3,444|168,523|191,967|
|Designated||||||
|Organisational||reserve||20,394|20,394|
|Programme|fund|||41,770|41,770|
|Restricted funds||||||
|New Building||fund|1,856,414|521,389|2,377,803|
|Pmgramme|fund|||215,538|215,538|
||||1,859,858|987,614|2,847,472|
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|Previous year||||||
|---|---|---|---|---|---|
||||Tangible|Net current|Net Assets|
||||fixed assets|assets I||
|||||(0ab8ltles)||
|Unrestricted
funds||||||
|General||||||
|Unrestricted|funds||4,165|(19,129)|(14,964)|
|Designated||||||
|Organ)sat)onal||reserve||20,394|20,394|
|Restricted funds||||||
|New Building||fund|465,430|711,012|1,176,442|
|Programme|fund|||152,273|152,273|
||||469,595|664,550|1,334,145|
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