||||Page||
|---|---|---|---|---|
|Chairman's
Report|||||
|Report ofthe Trustees||2|to|5|
|Independent
Examiner's|Report||||
|Statement ofFinancial Activities|||||
|Balance Sheet|||||
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||10||
|Notes to the Financial Statements||11|to|18|
|Detailed Statement ofFinancial Activities||19|to|20|
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|The Trustees have arisk management
strategy
which comprises:||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|An annual
review ofthe risks the charity may face;||||||||||||
|The establishment
ofsystems
and procedures
to mitigate those risks identified
in the plan;||||||||||||
|The implementation
of procedures
designed
to minimise
any potential|impact
on the charity||||should|||those||risks||
|materialise.||||||||||||
|The status ofcurrent mitigation
actions is reported to the Board on a regular basis.||||||||||||
|Our key operational
risks are as follows:||||||||||||
|Our
most
important
risk,
by
far, continues
to be the
availability|of sufficient
numbers||||of volunteers|||||with||
|appropriate
skill sets.
On the downside,
a lack of volunteers
would|restrict our ability||to|offer the|||services||||we|
|currently
provide.
There is also a risk that we are unable to capitalize on new opportunities|||that||arise.|||||||
|Dependency
on key members ofstaff: with a full complement
ofstaff|the focus has been||on|developing|||||new|staff||
|to improve our operating
resilience,||||||||||||
|As our building
ages there
is an increasing
risk of unforeseen
repair|and maintenance||costs: we|||have|||in|place||
|regular maintenance
schedules
and activity.||||||||||||
|A key element
in the management
offinancial
risk is the setting of the reserves
policy||and||its regular||||review|||by|
|Trustees.||||||||||||
|The trust put in the volunteers
who handle cash has been identified
as an acceptable risk by|||the||Trustees.|||||||
|Covid-19 Risk Management:||||||||||||
|The global
pandemic
and continuing
regulations
required
ongoing
efforts|to allow the venue||to||remain||open during|||||
|periods when this was permitted.
The existing Covid Secure Risk Assessment
remained
the basis|||||for all|aspects||||of|the|
|operation
of Number
8 and Just After 8 charity
shop and all previous
measures
continued||to||remain||in||place||upon||
|reopening.
Later
in the year we were able to relax our social distancing|and
mask-wearing|||policies|||although||||we|
|continued
to require mask wearing whilst circulating
in public spaces regardless ofgovernment|||guidelines.|||||||||
|Screens remain
in place at all serving areas and counters||||||||||||
|Hand sanitiser stations at every entrance, toilets, and at all work spaces||||||||||||
|Revised working
practices||||||||||||
|Face shields provided
for all public facing volunteers
and staff||||||||||||
|Reduced
capacity
in Auditorium
(with socially
distanced
seating)
continued
until the||beginning||||of||September.||||
|At this point we returned
to full capacity
in the Auditorium
and all audience|members
entered|through
the||||Foyer||||||
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||Balance Sheet|Balance Sheet||||
|---|---|---|---|---|---|
||31December 2021|||||
|||||31,12.21|31.12.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes||||f.|
|FIXEDASSETS||||||
|Tangible assets||1,723,026||1,723,026|1,760,745|
|CURRENT ASSETS||||||
|Stocks|12|3,080||3,080|1,304|
|Debtors|13|15,011||15,011|14,675|
|Cash at bank and in hand||393,515||393,515|394901|
|||411,606||411,606|410,880|
|CREDITORS||||||
|Amounts
falling due within one year|14|(49,799)||(49,799)|(37,690)|
|NET CURRENT ASSETS||361807||361807|373 190|
|TOTAL A.SSETSLESSCURRENT||||||
|LIABILITIES||2,084,833||2,084,833|2,133,935|
|NET ASSETS||2 084,833||2,084,833|2 133,935|
|FUNDS|15|||||
|Unrestricted
funds||||2 084 833|2 133935|
|TOTAL FUNDS||||2,084,833|2 133935|
||||Number
8|||
|---|---|---|---|---|---|
||||Cash Flow Statement|||
|||for|the Year Ended 31December|2021||
|||||31.12.21|31.12,20|
||||Notes|||
|Cash flows from operating
activities
Cash generated
from operations||||4,893|~5I 833)|
|Net cash provided
by/(used|in) operating|activities||4893|~51 833)|
|Cash tlows from investing|activities|||||
|Purchase oftangible
fixed assets||||(6&355)||
|Interest received||||76|727|
|Net cash (used in)/provided|by investing|activities||~6479)|727|
|Change in cash and cash|equivalents|in||||
|the reporting
period||||(i/86)|(51,106)|
|Cash and cash equivalents|at the|||||
|beginning
ofthe reporting|period|||394,901|446007|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||393,515|394901|
|ACTIVITIES||||||
|---|---|---|---|---|---|
|||||31.12.21|31.12.20|
|Net expenditure
for the reporting|||period (as per the Statement of|||
|Financial Activities)||||(49,102)|(40,344)|
|Adjustments
for:||||||
|Depreciation
charges||||44,074|49,528|
|Interest received||||(76)|(727)|
|(Increase)/decrease|in stocks|||(1,776)|3,484|
|(Increase)/decrease|in debtors|||(336)|4,443|
|Increase/(decrease)|in creditors|||~12 109|~68217)|
|Net cash provided|by/(used|in) operations||4,893|L51,833)|
##
|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.21|Cash flow|At 31.12.21|
|Net cash||||
|Cash at bank and in hand|394901|1386|393 515|
||394,901|1386|393,515|
|Total|394901|~33063|393,515|
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|DONATIO|NS
AND LE|GACIES|||
|---|---|---|---|---|
||||31.12.21|31.12.20|
|Donations|||15,100|31,441|
|Grants|||~94 822|92 138|
||||189922|123379|
|Grants received, included||in the above, are as follows:|||
||||31.12.21|31.12.20|
|Wychavon|District Council||42,087|34,366|
|Government|Grant||~52 735|~57 772|
||||~94 822|92 138|
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||||||
|---|---|---|---|---|
|3.|OTHER TRADING ACTIVITIES||||
||||31.12.21|31.12.20|
||||f.||
||Charity shop income||28,192|23,833|
||Catering||41,132|39,699|
||Films, box office &live event||81,422|107,833|
||Youth theatre|||1,856|
||Space hire||6,438|11,336|
||Film/brochure
advertising||392|3,693|
||Exhibition
hire and commission||1,460|1,047|
||Workshops||9,169|10,336|
||Merchandising
and voucher sale||2,666|8,817|
||Online booking fees||183||
||||171054|208 45D|
|4.|INVESTMENT INCOME||||
||||31.12.21|31.12.20|
||Deposit account interest||76|727|
|5.|RAISING FUNDS||||
||Other trading
activities||||
||||31.12.21|31.12.20|
||Opening
stock||1,304|4,788|
||Purchases||54&852|70,963|
||Closing stock||(3,080)|(1,304)|
||Catering||18,437|14,413|
||Charity
shop expenses||12,132|12,808|
||Arts project costs|||300|
||Support costs||246 509|271 132|
||||330 154|373 1DD|
|6,|SUPPORT COSTS||||
|||Management|Finance|Totals|
||Other trading
activities|243,558|2,951|246,509|
##
|Net income/(e|xpenditur|e)
is stated after charging/(creditin|g):||
|---|---|---|---|---|
||||31.12.21|31.12.20|
|Depreciation|- owned|assets|~44 074|~49 528|
##
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|STAFFCOSTS|||||
|---|---|---|---|---|
||||31.12.21|31.12,20|
|Wages and salaries|||137,533|143,095|
|Social security costs|||6,871|7,507|
|Other pension costs|||2,468|2,404|
||||246 872|283006|
|The average monthly|number ofemployees|during the year was as follows:|||
||||31.12.21|31.12.20|
||||7|7|
##
|No employees
received emoluments|in excess of660,000.||||
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL||ACTIVITIES|||
|||Unrestricted|Restricted|Total|
|||funds|fund|funds|
|||||E|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies||123,579||123,579|
|Other trading activities||208,450||208,450|
|Investment
income||727||727|
|Total||332,756||332,756|
|EXPENDITURE ON|||||
|Raising funds||373,100||373,100|
|NET INCOME/(EXPENDITURE)||(40,344)||(40,344)|
##
||Notes to the Financial Statements - continued
for the Year Ended 31December 2021|Notes to the Financial Statements - continued
for the Year Ended 31December 2021|Notes to the Financial Statements - continued
for the Year Ended 31December 2021|Notes to the Financial Statements - continued
for the Year Ended 31December 2021||
|---|---|---|---|---|---|
|10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued|||||
||||Unrestricted|Restricted|Total|
||||funds|fund|funds|
||RECONCILIATION|OF FUNDS||||
||Total funds brought forward||2,174,279||2,174,279|
||TOTAL FUNDS CARRIED FORWARD||2 133935||2,133 935|
|11.|TANGIBLE FIXEDASSETS|||||
||||Long term||Leasehold|
||||fixtures|Refurbishments|improvements|
||COST|||||
||At 1 January 2021||27,570|108,307|1,907,233|
||Additions|||||
||At 31December 2021||27 570|108307|1,907,233|
||DEPRECIATION|||||
||At 1 January 2021||2206|28,223|305,101|
||Charge for year||1 102|7 220|19263|
||At 31December 2021||3308|35443|324 364|
||NET BOOK VALUE|||||
||At 31December 2021||24 262|72 864|1,582869|
||At 31December 2020||25 364|80,084|1 602 132|
||||DigitaVsound|||
||||Bcoffice|Furniture||
||||equipment|&fixtures|Totals|
||COST|||||
||At 1 January 2021||47,400|246,852|2,337,362|
||Additions||1890|4 465|6355|
||At 31December 2021||49290|251,317|2 343,717|
||DEPRECIATION|||||
||At I January 2021||31,613|209,474|576,617|
||Charge for year||6,028|10,461|44,074|
||At 31December 2021||37641|219935|620691|
||NET BOOK VALUE|||||
||At 31 December 2021||11,649|31382|1,723,026|
||At 31 December 2020||15787|37,378|1,760,745|
##
||||||Notes to the Financial Statements - continued|Notes to the Financial Statements - continued|||
|---|---|---|---|---|---|---|---|---|
|||||||for the Year Ended 31December 2021|||
|12.|STOCKS||||||||
||||||||31.12.21|31.12.20|
||||||||f|f|
||Stocks||||||~3080|~1304|
|13.|DEBTORS:||AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||||31.12.21|31.12,20|
||||||||f|f.|
||Trade debtors||||||2,075|156|
||Other debtors||||||1,500|1,840|
||VAT|||||||1,715|
||Prepayments||||||11,436|10,964|
||||||||15,011|~14 675|
|14.|CREDITORS:|||AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
||||||||31.12.21|31.12.20|
||||||||f||
||Trade creditors||||||13,873|4,655|
||VAT||||||338||
||Other creditors||||||7,325|1,515|
||Event hire holding account||||||540|72|
||Gallery/craft||holding account||||324||
||Deferred|income|||||16)892|22,321|
||Accrued|expenses|||||~10507|~9127|
||||||||49,799|~37 690|
|15.|MOVEMENT|||IN FUNDS|||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1,21|in funds|31.12.21|
||||||||f,|f|
||Unrestricted||funds||||||
||General|fund||||2,1334135|(49,102)|2,084,833|
||TOTAL|FUNDS||||~2133 35|~49 102)|2,084 833|
||Net movement|||in funds, included||in the above are as follows:|||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
||||||||f.||
||Unrestricted||funds||||||
||General|fund||||281,052|(330,154)|(49,102)|
||TOTAL|FUNDS||||281052|~330,154)|~49,)02)|
##
##
|||||||||Net||
|---|---|---|---|---|---|---|---|---|---|
|||||||||movement|At|
||||||||At 1.1,20|in funds|31.12.20|
||||||||f.|f.|E|
|Unrestricted||funds||||||||
|General|fund||||||2,174,279|(40,344)|2,133,935|
|TOTAL|FUNDS||||||2 174279|~40,344)|2,133,935|
|Comparative||net movement||in funds, included|in the above are as follows:|||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|Unrestricted||funds||||||||
|General|fund||||||332,756|(373,100)|(40,344)|
|TOTAL|FUNDS||||||332,756|)373,100)|~40,344)|
|A current|year 12months||and prior year 12months|||combined|position
is as follows:|||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.1.20|in funds|31.12.21|
||||||||f.|||
|Unrestricted||funds||||||||
|General|fund||||||2,174479|(89,446)|2,084,833|
|TOTAL|FUNDS||||||2 174279|~89446)|2 084 833|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||613,808|(703,254)|(89,446)|
|TOTAL FUNDS||613,808|)703 254)|~89,446)|
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