2022-03-31-accounts

Page	3	Report ofthe Trustees
Page	32	Report ofthe Independent Auditors
Page	34	Statement of Financial Activities
Page	35	Statement of Financial Position
Page	36	Cashf low Statement
Page	37	Notes tothe Financial Statements

			Notes	Unmstrlcted	Restdicted	2022	2021
				funds	funds
				6	6
Income and	endowments	from:
Donations	and legacies		2	457,579	378,553	836,132	1,836,164
Charitable	activities		3	26,898	396,600	423,498	158,505
Other trading activities			4	295,187	129,553	424,740	264,035
investments			5	2,174	13	2,187	4,865
Other income			6				14,196
Total				781,838	904,718	1,688,657	2,277,765
Expenditure	on:
Raising funds			7/8	(55,965)	(62,940)	(119,905)	(112,487)
Chaditable	activiTies		9/10	(850,384)	(302,058)	(1,152,442)	(551,951)
Total				(607,346)	(364,998)	(1,272,347)	(764,438)
Net income/expenditure				(125,511)	539,721	414,210	1,613,327
Reconciliation offunds
Total funds	brought forward			254,131	2,593,341	2,847,472	1,334,145
Total funds	carried forward			128,620	3,133,062	3,261,682	2,847472

				Registered	Number:	03426509
			Studio Voltaire
			Statement of Financial Position
			As at 31 March 2022
			Notes		2022	2021
Fixed assets
Tangible assets			15	2,648,246		1,859,858
					2,848,246	1,859,858
Current assets
Stocks			16		74,224
Debtors			17		114,839	276,150
Cash at bank and		in hand			291,449	768,607
					480,512	1,044,757
Creditors: amounts		falling due within one year	16		(67,076)	(57,143)
Net current	assets				413,436	987,514
Total assets	less current liabilities				3,261,682	2,847872
Net assets					3,261,682	2,847472
The funds ofthe charity
Restricted	income	funds	19	3,133,062		2,593,341
Unrestiicted	income funds		19		128,620	254,131
Total funds					3,261,682	2,847,472

Csshflowtromopsrsangactlvitlse
Cash generated from operations				518,901		1,484,981
Dividends, interest and rent from	Investments		2,187
Purchase oftangible assets			~sss. 4e		~sses7,47
				~sss.sss		~4447 441
				(477,158)		97,139
Cash snd cash equivalents at beginning		ofyear		768,607		671,468
Cash and cash equivalents atend	ofyear			291,449
Cash generated from operations
Net movement in funds				414,210		1,513,327
Adjustments for:
Depreciation and amortisstlon of	fixed	assets		9,858		2,444
Dividends, -interest and rent-from	investments			(2,187)		(4,865)
Movement in working capital
(Increase)/decrease in stocks				(74,224)
(Increase)/decrease in debtors				161,311		(31,320)
Increase/(Decrease) in creditors				9,933		5,395
Cash generated earn operations						1,484,981

ncome from	donations	and legacies
			Unrestricted	Restricted	2022	2021
			funds	funds
			f	6	f
Donations received			370,468	378,553	749,021	1,784,835
Grants received			12,711		12,711	11,810
Sponsorships	received		74,400		74,400	39,519
			457,579	378,553	836,132	1,836,164
ncome from chaditable		activities
			Unrestricted	Restricted	2022	2021
			funds	funds
			8	6
Programme
Exhibitions	and studio		20,000		20,000	62,045
programme
Participation	programme		6,898	92,941	99,839
Income from charitable				303,659	303,559
activities
			26,898	396,600	423,498	158,505
			26,898	396,600	423,498	158,505
ncome earned from other activities
			Unrestricted	Restricted	2022	2021
			funds	funds
					8
House ofVoltaire				129,553	129,553	12,362
Shop income			295,187		295,187	248,754
Capsule Collection fundraiser						2,919
			295,187	129,553	424,740	264,035

5.Investment Income
	Unrestricted	Restricted	2022	2021
	funds	funds
	6
Bank interest mceivable	2,174	13	2,187	4,865
	2,174	13	2,187	4,865
0.Other income
			2022	2021
			5	6
Gallery tax credit				14,196
				14,190

xpenditu	re on generating donations an	d legacies
		Unrestricted	Restricted	2022	2021
		funds	funds
			6
Support	costs	11,724	12,454	24,178	6,089
		11,724	12r454	24,178	6,089

xpendi	ture on other trading activities
		Unrestricted	Restricted	2022	2021
		funds	funds
		6	6
House	ofVoltaire	45,241	50,486	95,727	106,398
		45,241	50,480	95,727	100,398

osts of charitable acdvities by fund typ	e
	Unrestricted	Restricted	2022	2021
	funds	funds
	6		f	5
Programme	161,355	272,150	453,505	198,614
Support costs	669,029	29,908	698,937	453,337
	850,384	302,058	1,152,442	051,951

Activities	Support	2022	2021
undertaken	cosbi
directly
6
453,505	698,937	1,152,442	651,951

		Raising		Programme	2022	2021
		funds
Management		24,	164	641,520	665,684	423,017
Finance			14		14
Administration	and			52,896	52,896	31,724
office
Governance	costs			4,521	4,521	4,685
		24,178		698,937	723,115	459/26

2022	2021
6	6
9,682	2,444
4,500	4,685
20,585	9,014

2022	2021
	6
543,031	351,976
47,944	32,817
20,585	9,014
611,560	393,808

					2022	2021
Gallery staff					15
					15
14.Comparative for the statement			ofFinancial Activities
				Unrestricted	Restricted	2021
				funds	funds
				6
Income and endowments		from:
Donations and legacies				661,995	1,174,169	1,836,164
Charitable activities					158,505	158,505
Other trading activites				236,843	27,192	264,035
Investments				4,865		4,865
Other income				14,196		14,196
Total				917,899	1,359,866	2,277,765
Expenditure on:
Raising funds				(109,385)	(3,102)	(112,487)
Charitable activities				(559,613)	(92,138)	(651,951)
Total				(669,198)	(95,240)	(764,438)
Net income				248,701	1,264,626	1,513,327
Reconciliation offunds
Total funds brought	forward			5,430	1,328,715	1,334,145
Total funds carried	forward			254,131	2,593,341	2,847r472
15.Tangible fixed assets
				Land and	Plant and
Cost or valuation				buildings	machinery	Total
				8	8	8
At 01 April 2021				1,856,414	21,256	1,877,670
Additions				930,064	68,182	998,246
At 31 March 2022				2,786878	89,438	2,875,916
Depreciation
At 01 April 2021					17,812	17,812
Charge for year					9,858	9,658
At 31 March 2022					27,670	27.670
Net book values
At 31 March 2022				2,786,478	61,768	2,848,246
At 31 March 2021				1,856,414		1,859,858

Stocks	an	d w	ork in progress
				2022	2021
Stocks	of	raw	materials	74,224
				74,224

Debtors
			2022	2021
				6
Amounts due within		one year:
Trade debtors			69,361	173,457
Prepay ments and accrued income			19,387	24,864
Other debtors			26,091	77,829
			114,839	276,150
Credltom: amounts	faalng due within one year
			2022	2021
			5	6
Trade creditors			35,389	43,254
Other creditors			21,951	2,755
Accruals and deferred		income	9,736	11,134
			67,076	57,143

Unrestricted		Funds
			Balance at	Incoming	Outgoing	Transfers	Balance at
			01i04/2021	msoufcss	resources		31/03/2022
					6	6
Designated
Organisational		reserve	20,394			(20,394)
Programme	fund		41,770			22,230	64,000
General
Unrestricted		funds	191,967	781,836	(907,349)	(1,536)	64,620
			254,131	781,838	(907,349)		126,620

Unrestricted		Funds - Previous year
			Balance at	Incoming	Outgoing	Transfers	Balance at
			01/04/2020	resources	resources		31/03/2021
				6			6
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
				917,899	(669,198)		254,131

		Balance at	Incommg	Outgoing	Balance at
		01/04/2021	resources	resources	31/03/2022
		6
New Building	fund	2,377,803	508,105	(62,904)	2,823,004
Programme	fund	215,538	396,614	(302,094)	310,058
		2,593,341	904,719	(364,998)	3,133,062
Restricted Funds - Previous year
		Balance at	Incoming	Outgoing	Balance at
		01/04/2020	resources	resources	31/03/2021
		6			2
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

Analysis of net		assets between funds
			Tangible	Nat current	Net Acacia
			fixed assets	aaseta I
				igabgitles)
Unrestricted funds
General
Unrestricted	funds		25,242	39,378	64,620
Designated
Programme	fund			64,000	64,000
Restricted funds
New Building		fund	2,823,004		2,823,004
Programme	fund			310,058	3'I0,058
			2,848,246	413,436	3vt81,682
Previous year
			Tangible	Net current	Net Aaseta
			fixed assets	assets I
				(llablliges)
Unrestricted funds
General
Unrestricted		funds	3,444	188,523	191,967
Designated
Organisational		reserve		20,394	20,394
Programme	fund			41,770	41,770
Restricted funds
New Building		fund	1,556,414	521,389	2,377,803
Programme	fund			215,538	215,538
			1,859,858	987,614	2,847,472