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





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||||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|





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|Csshflowtromopsrsangactlvitlse|||||||
|---|---|---|---|---|---|---|
|Cash generated<br>from operations||||518,901||1,484,981|
|Dividends,<br>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<br>at beginning||ofyear||768,607||671,468|
|Cash and cash equivalents<br>atend|ofyear|||291,449|||
|Cash generated<br>from operations|||||||
|Net movement<br>in funds||||414,210||1,513,327|
|Adjustments<br>for:|||||||
|Depreciation<br>and amortisstlon<br>of|fixed|assets||9,858||2,444|
|Dividends, -interest and rent-from|investments|||(2,187)||(4,865)|
|Movement<br>in working capital|||||||
|(Increase)/decrease<br>in stocks||||(74,224)|||
|(Increase)/decrease<br>in debtors||||161,311||(31,320)|
|Increase/(Decrease)<br>in creditors||||9,933||5,395|
|Cash generated earn operations||||||1,484,981|





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|ncome from|donations|and legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|2022|2021|
||||funds|funds|||
||||f|6|f||
|Donations<br>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|



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|5.Investment<br>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|



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|xpenditu|re<br>on generating<br>donations<br>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<br>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|



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|osts of charitable acdvities<br>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|





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



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|||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|



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



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





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||||||2022|2021|
|---|---|---|---|---|---|---|
|Gallery staff|||||15||
||||||15||
|14.Comparative<br>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<br>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<br>on:|||||||
|Raising funds||||(109,385)|(3,102)|(112,487)|
|Charitable<br>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<br>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|





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



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|Debtors|||||
|---|---|---|---|---|
||||2022|2021|
|||||6|
|Amounts<br>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|



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|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|





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|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|



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|||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<br>fund||152,273|158,505|(95,240)|215,538|
|||1,328,715|1,359,866|(95,240)|2,593,341|





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|Analysis of net||assets between funds||||
|---|---|---|---|---|---|
||||Tangible|Nat current|Net Acacia|
||||fixed assets|aaseta I||
|||||igabgitles)||
|Unrestricted<br>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<br>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|





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