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|Trustees|||Kristafor Darby||
|---|---|---|---|---|
||||Harmeet<br>Chagger-Khan||
||||Jennrter<br>Soltau||
||||Dr AWoolner||
||||Ms A Reeves||
||||Ms F Joseph||
|Artistic Director (CEO)|||Paul Sutton||
|Secretary|||Sophia Parker||
|Charity number|||1085653||
|Company|number||02878790||
|Registered||office|5 Deensway||
||||Worcester||
||||Worcestershire||
||||WRt 2JG||
|Independent||examiner|Kendall Wadley LLP||
||||Grants Lodge||
||||7t Graham<br>Road||
||||Malvern||
||||Worcestershire||
||||WRt4 2JS||
|Bankers|||National<br>Westminster|Bank Pic|
||||1 The Cross||
||||Worcester||
||||WRt 3PR||
||||HSBC Bank PLC||
||||8 Broad Street||
||||Worcester||
||||WR1 2EJ||





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||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-4|
|Independent<br>examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||II-14|





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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
|||||Notes|||
|IgggttttL(tgttt;|||||||
|Chantable<br>actwities||||3|233,044|244,357|
|Emirtt~|||||||
|Charitable<br>activities||||4|199,674|244,722|
|Other|||||||
|Total resources|expended||||199,830|244,722|
|Net income/(expenditure)|||forthe year/||||
|Net incomingl(outgoing)|||resources||33,2'I 4|(365)|
|Other recognised||gains and losses|||||
|Other gains or losses|||||(306)||
|Net movement|in funds||||32,908|105|
|Fund balances|at<br>1|April 2020|||67,550|67,445|
|Fund balances|at|31 March 2021|||100,458|67,550|





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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|8||8||
|Fixed assets|||||||||
|Tangible assets||||||7,752||9,977|
|Current assets|||||||||
|Debtors||||10|15,452||29,194||
|Cash at bank and in||hand|||87,169||33,628||
||||||102,621||62,822||
|Creditors:|am ounhs|falling due within|||||||
|one year||||11|(9,915j||(5,249)||
|Net current|assets|||||92,706||57,573|
|Total assets less current|||llabilltiles|||100,458||67,550|
|Income fun|ds||||||||
|Unrestricted|funds|||||100,458||67.550|
|||||||'I00,458||67.550|



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|||||scat||
|---|---|---|---|---|---|
|||||8||
|Income generated|from, and|grants within, charitable|activities|233,044|244,357|
|Grants received||||||
|Arts Council England||||72,898|73,883|
|The Bailey Thomas Charitable||Fund|||2,000|
|The ironmongera'|Company||||6,600|
|WCC - Worcester|Community|Grant|||2,000|
|Peter Harrison<br>Foundation|||||5,000|
|N etio n el Lottery Award||||34,650||
|innovate<br>UK||||46,902||
|Cadent Foundation||||16,800||
|||||17'I,048|89,483|





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||||2021|2020|
|---|---|---|---|---|
||||6|6|
|Staffcosts|||107.491|112,769|
|Depreciation|and impairment||6,362|9.331|
|Production|costs||23,900|15,478|
|Staff training|||1,094|1,274|
|lvlarketing|||2,134|25,463|
|Conferences|||73|1,497|
|Travelling<br>and motor||expenses|4,044|28,003|
|h/lasting<br>costs|||495|2,808|
|Offioe costs|||11,541|10,647|
|Insurance|||1,714|2,030|
|Sub acr i pti<br>on s|||2,146|3,047|
|Offic rent|||1,797|4,376|
|Bank charges|||272|349|
|Freelance project workers|||11,821|5,541|
|Bad debt expense|||1,438||
||||176,322|222,613|
|Share of governance||costs (see note 5)|23,352|22,109|
||||199,674|244,722|



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|||||Gave ma nce|2021|2020|Basis ofal||
|---|---|---|---|---|---|---|---|---|
|||||costs|||||
|||||6|||||
|Staffcosts||||20,341|20,341|19,629|Charitable||
|Board meeting costs||||18|18|285|Governance||
|Legal and|professional||fees|95|95|35|Governance||
|Independent||examiners|fees|2,898|2,898|2,160|Governance||
|||||23,352|23,352|22,109|||
|Anatysed|between||||||||
|Charitable||activities||23,352|23,352|22,109|||





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|||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds||
|||||||||2021|2020|
|Net|loss|on|disposal|of|tamgible|fixed|assets|156||



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||||2021|2020|
|---|---|---|---|---|
||||Number|Number|
|Management|and charitable|activities|||
|Administration|||||
|Employment|costs||2021|2020|
||||K|B|
|Wages and salaries|||113,321|116,996|
|Sodal seounty|cos'ls||7,769|8,383|
|Other pension|costs||6,7rt2|7,019|
||||127,832|132.398|





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|9|Tangible fixed assets|Tangible fixed assets||||
|---|---|---|---|---|---|
||||Frxturee. Iiiiotor|vehicles|Total|
||||fittings a|||
||||equipment|||
|||||f||
||Cast|||||
||At<br>1 April 2020||66,543|23,980|90,523|
||Additions||4,743||4.743|
||Disposals||(1,149)||(1,149)|
||At 31 March 2021||70,137|23,980|94,117|
||Depreciation<br>and impairment|||||
||At<br>1 April 2020||56,566|23,980|80,548|
||Depreaation<br>charged|in the year|6,362||6,3B2|
||Eliminated<br>in respect|of disposals|(543)||(543)|
||At 31 March 2021||62,385|23,980|86,365|
||Carrying<br>amount|||||
||At 31 March 2021||7,752||7,752|
||*t31 March 2020||9,977||9,977|
|10|Debtors|||||
|||||2D21|2020|
||Amounts<br>falling due|within one year:||f|f|
||Trade debtors|||100|26,400|
||Prepayrnents<br>and accrued income|||15,352|2,794|
|||||15,452|29,194|
|11|Creditors: amounts|falling due within one year||||
|||||2D21|2020|
|||||f||
||Other taxation and social security|||3,265|3,140|
||Trade creditors|||2,323|309|
||Accruals end deferred|income||4,327|1,800|
|||||9,915|5,249|





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|Anatysis<br>ofnet assets between<br>funds||||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2021|2020|
|||6|k|
|Fund balances at 31 March 202'l are represented|by:|||
|Tangible assets||7,752|9,977|
|Current assetsr(liabilities)||92,706|57,573|
|||100,458|67.550|