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||||||Page||
|---|---|---|---|---|---|---|
|Chairman's<br>Report|||||||
|Report ofthe Trnstees||||2|to|6|
|Independent<br>Examiner's||Report|||||
|Statement<br>ofFinancia)|Activities||||||
|Balance Sheet||||9|to|10|
|Cash Flow Statement|||||||
|Notes to the Cash F)ow||Statement|||12||
|Notes to the Financial|Statements|||13|to|20|
|Detailed Statement of|Financial||Activities|21|to|22|





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|||for the|Year Ende|d 31 December|202,0|||
|---|---|---|---|---|---|---|---|
|||||||31.12.20|31.12.19|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||123,579||123,579|18,416|
|Other trading activities||||208,450||208,45tl|571,585|
|Investment<br>income||||727||727|1,394|
|||||332,756||332,756|591,395|
|EXPENMTURK ON||||||||
|Raising funds||||373,1M||37391M|560,90$|
|NET INCOME/(EXPENDITURE)||||(40444)||(40444)|30,487|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought forward||||2,174,279||2,174,279|2,143,792|
|TOTAL FUNDS CARRIED FORWARD||||2,133,935|-|2 133935|2 174279|







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||||Cash Flow Sta|tement|||
|---|---|---|---|---|---|---|
||for||the Year Ended 31|December ZNO|||
|||||31.12.20||31.12.19|
||||Notes||||
|Cash flows from operating|activities||||||
|Cash generated<br>from operations||||~51,833)||99,480|
|Net cash (used in)/provided|by operating|activities||~51,833)||99480|
|Cash Rows from investing|activities||||||
|Purchase oftangible<br>fixed assets||||||(66,823)|
|Sale oftangible<br>fixed assets||||||2,598|
|Interest received|||||727|l,394|
|Net cash provided<br>by/(used|in) investing|activities|||727|~62 S31)|
|Change<br>in cash and cash equivalents||irL|||||
|the reporting<br>period<br>Cash and cash equivalents|at the|||(51,106j||36,649|
|beginning<br>ofthe reporting|period|||446|007|409 358|
|Cash and cash equivalents|at the end|of|||||
|the reporting<br>period||||394,901||446,007|





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|OPF.RATING ACT|IVlTI|ES||||
|---|---|---|---|---|---|
|||||31.12.20|31.12 ]9|
|Net (expenditure)/income||for the reporting|period (as per the|||
|Statement ofFinancial Activities)||||(40444)|30,487|
|Adjustments<br>for:||||||
|Depreciation<br>charges||||49,528|53,679|
|Interest received||||(727)|(1,394)|
|Decrease/(increase)|in stocks|||3,484|(1,644)|
|decrease in debtors||||4,443|10,38 I|
|(Decrease)/increase|in creditors|||~68,217|7,971|
|Net cash (used in)/provided||by operations||51833|99480|



|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.20|Cash fiow|At31.12.20|
|Net cash||||
|Cash at bank and in hand|446,007|~51,106|394,901|
||446 007|51 106|394,901|
|Total|4461007|51,106|394,901|





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||||31.12.20|31.12,19|
|---|---|---|---|---|
||Charity<br>shop income||23,833|36,717|
||Catering<br>Films, box officek live event||39,699<br>107433|134,858<br>315,362|
||Children's<br>activities|||200|
||Youth theatre||1,8%|5,491.|
||Space hire||11,336|35,03 I.|
||Film/brochure|advertising|3,693|7,086|
||Exhibition<br>hire|and commission|1,047|2,296|
||Workshops||10,336|22,959|
||Merchandising|and voucher sale|8,817|9,799|
||Technical support|||1 786|
||||208 450|571,585|
|4.|INVESTMKNT INCOME||||
||||31.12.20|31.12.19|
||Deposit account interest||727|1,394|
|5.|RAISING FUNDS||||
||Other trading|activities|||
||||31.12.20|31.12.19|
||||K||
||Opening<br>stock||4%788|3,144|
||Purchases||70,963|196,252|
||Closing stock||(1+04)|(4,788)|
||Catering||14,413|51,382|
||Charity shop expenses||E2,808|13,245|
||Arts project costs||300|1,122|
||Support costs||271 132|300,551|
||||373,100|560 908|





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|6.|SUPPORT COSTS|||||
|---|---|---|---|---|---|
||||Management|Finance|Totals|
||Other trading activities||263,092|8040|271 132|
|7.|NET INCOME((EXPENDITURE)|||||
||Net income'(expenditure)|is stated after charging/(crediting);||||
|||||31.12.20|31,12,19|
||Depreciation - owned assets|||49,528|53,679|



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||Notes to the Finaneia) Statements - continued<br>for the Year Ended 31 Deeernber<br>20201|Notes to the Finaneia) Statements - continued<br>for the Year Ended 31 Deeernber<br>20201|Notes to the Finaneia) Statements - continued<br>for the Year Ended 31 Deeernber<br>20201|Notes to the Finaneia) Statements - continued<br>for the Year Ended 31 Deeernber<br>20201|Notes to the Finaneia) Statements - continued<br>for the Year Ended 31 Deeernber<br>20201||
|---|---|---|---|---|---|---|
|10.|COMPARATIVKS FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||||
|||||Vnrestricted|Restricted|Total|
|||||funds|fund|funds|
||INCOME AND ENDOWMENTS||FROM||||
||Donations<br>aod legacies|||18,416||18,416|
||Investment||||||
||Other trading activities|||571,585||571,585|
||income|||],394||1,394|
||Total|||591,395||591,395|
||EXPENDITURE ON||||||
||Raising funds|||560,908||560,908|
||NET II%COME|||30,487||30,487|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought|forward||2,l43,792||2,143,792|
||TOTAL FUNDS CARRIED FORWARD|||2,174,279||2,174,279|
|11.|TA.NGIBLE FIXED|ASSETS|||||
|||||Long term||Leasehold|
|||||fixtures|Refurbishments|irnprovernents|
||COST||||||
||At<br>1 January 2020 and|3I December|2020|3757II|IIII 37|1957733|
||DEPRECIATION||||||
||At 1 January 2020|||1,103|21,002|285,837|
||Charge for year|||1,103|7421|19,264|
||At 31December 2020|||2466|28,223|305,101|
||NET BOOKVALUE||||||
||At 3 I December 2020|||25,364|80,084|1,602,132|
||At 31December 2019|||26 467|87 305|1,621,396|





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|11.|TANGIBLE FIX|ED|ASSETS - continued|||||
|---|---|---|---|---|---|---|---|
|||||Digital(sound||||
|||||k|office|Furniture||
|||||equipment||k, f&xtures|Totals|
||COST|||||||
||At<br>1 January 2020|and 3] December 2020||47 400||246 852|2+37+62|
||DEPRECIATION|||||||
||At 1 January 2020|||22,133||197,014|5279089|
||Charge for year||||9,4$0|12,460|49528|
||At 31 December 2020|||M60||209,474|576,617|
||NET BOOK VALUE|||||||
||At 31 Decemb-er 2020|||15,787||37378|1760745|
||At 31December 2019|||25 267||49,838|1,810,273|
|12.|STOCKS|||||||
|||||||31.12.20|31.12.19|
||Stocks|||||~104|4,788|
|13.|DEBTORS:AMOUNTS FALLING DUE WITHIN|||ONE YEAR||||
|||||||31.1220|31.12.19|
||Trade debtors|||||156|6,236|
||Other debtors|||||19840|450|
||VAT|||||1,715||
||Prepayments|||||10,964|12,432|
|||||||14,675|19118|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||31.12.20|31.12,19|
||Trade creditors|||||4,655|20,431|
||Social security and|other taxes|||||2,&52|
||VAT||||||lip,249|
||Other creditors|||||1,515||
||Event hire holding|account||||72|4,415|
||Gallery/craA<br>holding||account||||151|
||Deferred<br>income|||||22,321|49,084|
||Accrued expenses|||||9 127|18,725|
|||||||37,690|105907|





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|MOVE|MEN|T IN FUNDS|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 1.1.20|in funds|3E.12.20|
|Unrestricted||funds|||||||
|General|fund|||||2,174,279|(40444)|2,133,935|
|TOTAL|FUNDS|||||2,174/79|40<br>44|2,133,935|
|Net movement||in fLInds, included|||in the above|are as follows:|||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|Unrestricted||funds|||||||
|General|fund|||||332,756|(373,100)|(40444)|
|TOTAL|FUNDS|||||332,756|f373,100)|~40344|
|Comparatives||for movement||in|funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1,1,19|in funds|31,12.19|
|Unrestricted||funds|||||||
|General|fund|||||2,143,792|30,487|2,174,279|
|TOTAL|FUNDS|||||2,143,792|30487|2 174,279|
|Comparative||net rnovernent|in|funds, included||in the above are as follows:|||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|Unrestricted||funds|||||||
|General|fund|||||59E,395|(560,908)|30,487|
|TOTAL|FUNDS|||||591,395|~560908)|30,487|





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||||Net||
|---|---|---|---|---|
||||movement|At|
||||in funds|3l..12.20|
|Unrestricted|funds||||
|General fund||2,143,792|(9,857)|2,l33,935|
|TOTAL FUNDS|||||



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||924,151|(934,00S)|(9,857)|
|TOTAL FUNDS||924,151|~934,008)|~9,S57)|



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