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|---|---|---|---|
|Trustees'<br>report|||1-8|
|Independent<br>examiner's||report||
|Statement offinancial|activities||10|
|Balance sheet|||11 - 12|
|Notes to the financial|statements||13-21|





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|||||Unrestricted|Restricted|Total|Unrestricted|Restdcted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
||||Notes||f|8|6|||
|LnnggikfEIK||||||||||
|Donations, legacies<br>snd grants|||2|212,031|32,891|244,922|151,527|3,000|154,527|
|Charitable<br>acbvities||||||||||
|income|||3|28,838||28,838|8,795||8,795|
|Investments|||4|15||15|28||28|
|Total income||||240,884|32,891|273,775|160,350|3,000|163,350|
|RxumII!utah;||||||||||
|Charitable<br>activities||||||||||
|expenditure|||6|122,694|30,026|152,720|171,752|10,653|182,405|
|Net gains/(losses)||on||||||||
|investments|||10|969||||||
|Gross transfers||||||||||
|between funds|||||||1,818|(1,818)||
|Net movement|in|funds||119,159|2,865|122,024|(9,584)|(9,471)|(19,055)|
|Fund balances at 1||||||||||
|April 2020||||27,807||27,807|37,391|9,471|46,862|
|Fund balances|at|31||||||||
|INarch 2021||||146,966|2,865|149,831|27,807||27,807|





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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|6||5||
|Fixed assets||||||||
|Tangible assets|||11||1,270||1,694|
|Investments|||12||45,969|||
||||||47,239||1,694|
|Current assets||||||||
|Debtors|||13|||100||
|Cash at bank and in||hand||111,570||33,307||
|||||111,570||33,407||
|Creditors:|amounts|falling due within||||||
|one year|||14|(8,978)||(7,294)||
|Net current|assets||||102,592||26,113|
|Total assets less current liabilities|||||149,831||27,807|
|income funds||||||||
|Restricted|funds||15||2,865|||
|llamtiatalfggtlg||||||||
|Designated|funds:|||||||
|Revaluation|reserve|||967||||
||||16|967||||
|General unrestricted||funds||145,999||27,807||
||||||146,966||27,807|
||||||149,831||27,807|





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|||Unrestdcted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||8|6||||F|
|Donations<br>and gifts||4,807||4,807|527||527|
|Grants||207,224|32,891|240,115|151,000|3,000|154,000|
|||212,031|32,891|244,922|151,527|3,000|154,527|
|Grants|receivable for|||||||
|core activities||||||||
|ACE West Midlands||102,208||102,208|140,000|3,000|143,000|
|Shropshire<br>Council||1,000||1,000|1,000||1,000|
|Garfield|Weston|30,000||30,000|10,000||10,000|
|Paul Hamlyn<br>Foundation||10,000|6,226|16,226||||
|Arts Council Grant||63,000||63,000||||
|National|Lottery||25,000|25,000||||
|Furlough|daims|516||516||||
|Other||500|1,665|2,165||||
|||207,224|32,891|240,115|151,000|3,000|154,000|







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||||2021|2020|
|---|---|---|---|---|
||||5||
|Staff costs|||61,724|56,890|
|Depreciation<br>and impairment|||424|543|
|Artists and performance||fees|13,252|52,501|
|Access costs|||14,779|500|
|Travel, accommodation||and subsistence|(41)|6,189|
|Matenals<br>and photography|||1,443|207|
|Advertising|||2,933|1,736|
|Consultant<br>costs|||1,250|4,500|
|Freelance workers|||5,240|4,850|
||||101,004|127,916|
|Share ofsupport costs||(see note 6)|45,850|49,054|
|Share ofgovernance|costs (see note 6)||5,866|5,435|
||||152,720|182,405|
|Analysis<br>by fund<br>Unrestricted<br>funds|||122,694|171,752|
|Restricted funds|||30,026|10,653|
||||152,720|182,405|



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|Support costs|||||||
|---|---|---|---|---|---|---|
||Support|Governance|2021|Support|Governance|2020|
||costs|costs||costs|costs||
|||8|f|5|F||
|Staffcosts|28,347||26,347|25,425||25,425|
|Office costs|17,503||17,503|23,629||23,829|
|independent<br>examination||550|550||500|500|
|Accountancy||5,318|5,316||4935|4935|
||45,850|5,866|51,716|49,054|5,435|54,489|
|Analysed<br>between<br>Chaditable<br>activities|45,850|5,866|51,716|49,054|5,435|54,489|





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|7|Net movement|Net movement||ln funds||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||K|0|
||Net movement||in funds is||stated||after charging/(crediting)|||||||||
||Fees payable||for the independent||||examination||ofthe company's||financial|||||
||statements|||||||||||||550|500|
||Depreciation|of||owned tangible||fixed assets||||||||424|543|
|8|Trustees|||||||||||||||
||None ofthe trustees (or any persons connected||||||||with them) received|||any remuneration||during the year, and||
||there were no||reimbursed||travelling<br>expenses (2020-three ofthem|||||||were reimbursed||a total of5782).||
||During<br>the year|||payments|were||made to|one|trustee|(2020- one)||which|totalled Et,000 (2020-||5150) in|
||respect of fees|||for professional|||services,|including<br>disbursements.||||Such payments||are permitted|by the|
||Memorandum||ofAssociation.|||||||||||||
||During the year|||three trustees made donations|||||which totalled 5325,|||there were no restrictions.||||
|9|Employees|||||||||||||||
||The average|monthly<br>number of|||||employees|during the||year was:||||||
|||||||||||||||2021|2020|
||||||||||||||Number||Number|
||Employees|||||||||||||||
||Trustees/directors|||||||||||||||
||Total|||||||||||||13|14|





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|Employment<br>costs|2021<br>8|2020<br>6|
|---|---|---|
|Wages and salaries<br>Social security costs|83,160<br>2,390|75,643<br>2,193|
|Other pension costs|4,521|4,479|
||90,071|82,315|



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|10|Net gains/(lo|sses)<br>on|investments||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds||
||||||2021|2020|
|||||||E|
||Revaluation|ofinvestments|||969||
|11|Tangible fixed assets||||||
|||||Ftxturaa and|Equipment|Total|
|||||ettings|||
|||||6|||
||Cost||||||
||At 1 April 2020|||29,233|13,039|42,272|
||At 31 March|2021||29,233|13,039|42,272|
||Depreciation<br>and impairment<br>At 1 April 2020|||28,158|12,420|40,578|
||Depreciation|charged|in the year|269|155|424|
||At 31 March|2021||28,427|12,575|41,002|
||Carrying<br>amount<br>At 31March 2021|||806||1,270|
||At 31 March|2020||1,075|619|1,694|





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|Fixed as|set Investments||
|---|---|---|
|||Listed|
|||investments|
|||K|
|Cost or|valuation||
|At 1 April|2020||
|Additions||45,000|
|Valuation|changes|969|
|At 31 March 2021||45,969|
|Canying|amount||
|At 31 March 2021||45,969|
|At 31 March 2020|||



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|Debtors||||
|---|---|---|---|
|||2021|2020|
|Amounts<br>falling due|within one year:|6|6|
|Other debtors|||100|
|Creditors: amounts|falling due within one year|||
|||2021|2020|
||||6|
|Other taxation and social security||4,557|3,046|
|Trade creditors||2,205|2,797|
|Accruals snd deferred|income|2,216|1,451|
|||8,978|7,294|





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||||||||Movement|in|funds||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance at||Revaluations,||gains|Balance at|
||||||1Apra 2020|||and|losses 31March 2021||
|||||||8||||8|
||Revaula0on|reserve|||||||967|967|
||||||||||967|987|
|17|Analysis of|net assets|between funds||||||||
||||Unrestricted|Restricted|Total|Unrestricted||Restricted||Total|
||||funds|funds|||funds||funds||
||||2021|2021|2021||2020||2020|2020|
||||8|8|||F||f|8|
||Fund balances at 31||||||||||
||March 2021|are|||||||||
||represented|by:|||||||||
||Tangible assets||1,270||1,270||1,694|||1,694|
||Investments||45,969||45,969||||||
||Current assetsl||||||||||
||(liabilities)||99,727|2,865|102,592|26,113||||26,'l13|
||||146,966|2,865|149,831|27,807||||27,807|



|||2021|2020|
|---|---|---|---|
|||8|8|
|Aggregate|compensation|60,128|54,431|