|Contents ofthe Financial Statements||||
|---|---|---|---|
|forthe Year Ended 31stMarch 2021||||
|||Page||
|Reference and Administrative
Details||||
|Director's Report||||
|Chair's Report||||
|Report ofthe Trustees|4|to|6|
|Independent
ExamineVs
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes tothe Financial Statements|10|to|16|
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|TRUSTEES||P Perrett||||
|---|---|---|---|---|---|
|||R P Kaynes Director||(resigned|20.11.20)|
|||H Annetts||||
|||M Graham||||
|||H Murphy||||
|||C Stenton (Chair) (appointed|||10November 2020)|
|||P AJames||||
|||AJohnson||||
|||J C Actin||||
|COMPANY SECRETARIES||K M M Ross||||
|||P H Bellamy||||
|REGISTERED|OFFICE|The Angel Centre||||
|||Angel Place||||
|||Worcester||||
|||Worcestershire||||
|||WR1 3QN||||
|REGISTERED|COMPANY NUMBER|04177900(England||and Wales)||
|REGISTERED|CHARITY NUMBER|1092334||||
|INDEPENDENT|EXAMINER|The Richards|Sandy|Partnership||
|||Thomeloe House||||
|||25 Barboume|Road|||
|||Worcester||||
|||Worcestershire||||
|||WR1 1RU||||
|ARTISTIC DIRECTOR||R Beeston||||
|BANKERS||Lloyds Bank pic||||
|||4The Cross||||
|||The Avenue||||
|||Worcester||||
|||WR1 3PY||||
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|fo|rthe Year En|ded 31stMarch|2021|||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|6||f|5|
|INCOME AND ENDOWMENTS FROM||||||
|Grants, donations
and legacies|2|142,569|59,000|201,569|118,066|
|Charitable
activities||||||
|Dance projects, dasses 3 workshops||20,527||20,527|60,112|
|Other trading activities|||||174|
|Investment
income||10||10|20|
|Total||163,106|59,000|222,106|178,372|
|EXPENDITURE ON||||||
|Raising funds||948|8,800|9,748|2,790|
|Charitable
activities||||||
|Dance projects, classes 8 workshops||123,238|30,723|153,961|177,667|
|Total||124,186|39,523|163,709|160,677|
|NET INCOMEI(EXPENDITURE)||38,920|19,477|58,397|(2,305)|
|Transfers
between funds|12|23,262|(23,262)|||
|Net movement
in funds||62,182|(3,785)|58,397|(2,305)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought forward||39,805|3,785|43,590|45,695|
|TOTAL FUNDS CARRIED FORWARD||101,987||101,987|43,590|
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|||||||||2021f|2020f|
|---|---|---|---|---|---|---|---|---|---|
|Donations||||||||1,217|3,628|
|Gifi aid|||||||||508|
|Grants||||||||183,092|100,473|
|Worcester|Municipal|||Exhibition||Foundation||17,260|13,457|
|||||||||201,569|118,066|
|Grants received,|||included||in the|above, are as follows:||||
|||||||||2021f|2020f|
|ACE NPO||||||||87,066|85,493|
|The Bransford||Trust|||||||9,500|
|Saintbury|Trust||||||||2,000|
|Roger and|Douglas Turner||||Charitable||Trust||200|
|Baron Davenport|||||||||700|
|Worcester|City|Council||||||10,000|1,580|
|Severn Arts|||||||||1,000|
|Rowlands|Trust|||||||2,000||
|Coronavirus
Job|||Retention||Scheme|||29,028||
|ACE Culture Recovery Fund 1||||||||So,ooo||
|ACE The Way||I|See|It Grant||||5,000||
|||||||||183,092|100,473|
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|for the Year E|for the Year E|nded 31st March 2021|||
|---|---|---|---|---|
|OTHER TRADING ACTIVITIES|||||
||||2021|2020|
||||8||
|Merchandising||||174|
|INVESTMENT INCOME|||||
||||2021|2020|
||||8||
|Deposit account interest|||10|20|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)|is stated aRer charging/(crediting):||||
||||2021|2020f|
|Depreciation
-owned assets|||363|363|
|Independent
examiner's|fee in respect ofexternal|scrutiny|2,220|1,820|
|Other operating
leases|||1,727|642|
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|STAFF COSTS|||
|---|---|---|
||2021|2020|
||8|5|
|Wages and salaries|98,491|110,785|
|Social security costs|715|2,972|
|Other pension costs|1,627|1,777|
||100,833|115,534|
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|TANGIBLE FIXEDASS|E|TS||||
|---|---|---|---|---|---|
||||||Computer|
||||||equipment|
||||||F|
|COST||||||
|At 1stApril 2020 and 31stMarch 2021|||||5,610|
|DEPRECIATION||||||
|At 1stApril 2020|||||4,842|
|Charge for year|||||363|
|At 31st March 2021|||||5,205|
|NET BOOK VALUE||||||
|At 31st March 2021||||||
|At 31st March 2020|||||768|
|DEBTORS:AMOUNTS|FALLING DUE WITHIN||ONE YEAR|||
|||||2021|2020|
|||||6|F|
|Trade debtors||||40|4,422|
|Other debtors|||||340|
|Social security and other|tax|||567||
|Prepayments
and accrued||income||5,914|763|
|||||6,521|5,525|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
|||||2021|2020|
|||||6|6|
|Trade creditors||||6,002|7,619|
|Social security and other|taxes||||1,639|
|Accrued expenses||||2,220|2,393|
|||||8,222|11,651|
|LEASING AGREEMENTS||||||
|Minimum
lease payments||under non-cancellable|operating leases fall due as follows:|||
|||||2021
f|2020
f|
|Within one year||||1,727|1,727|
|Between one and five yeats||||5,181|6,908|
|||||6,908|6,635|
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|||||||||Net|Transfers||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||movement|between|At|
||||||||At 1.4.20|in funds|funds|31.3.21|
||||||||5|||5|
|Unrestricted|funds||||||||||
|General
Fund|||||||14,805|38,920|(21,738)|31,987|
|Nlind
Up Fund|||||||25,000||(25,000)||
|Designated
Contingency|||Reserve||Fund||||50,000|50,000|
|Designated
Investment|||in Dancefest||||||||
|Growth|||||||||20,000|20,000|
||||||||39,805|38,920|23,262|101,987|
|Restricted funds|||||||||||
|Bransford Trust||- Youth|Programme|||Fund|3,785|(3,785)|||
|Dancefest Culture Recovery Fund||||||||23,262|(23,262)||
||||||||3,785|19J77|(23,262)||
|TOTAL FUNDS|||||||43,590|58,397||101,987|
|Net movement|in funds,||included||in|the above are as follows:|||||
|||||||||incoming|Resources|Movement|
|||||||||resources|expended|in funds|
||||||||||F|8|
|Unrestricted|funds||||||||||
|General
Fund||||||||163,106|(124,186)|38,920|
|Restricted funds|||||||||||
|Bransford Trust||- Youth|Programme|||Fund|||(3,785)|(3,785)|
|Dancefest Culture Recovery Fund||||||||50,000|(26,738)|23,262|
|Projects||||||||9,000|(9,000)||
|||||||||59,000|(39,523)|19/77|
|TOTAL FUNDS||||||||222,106|(163,709)|58,397|
|Comparatives||for movement||In|funds||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.4.19|in funds|31.3.20|
||||||||||F||
|Unrestricted|funds||||||||||
|General Fund||||||||17,143|(2,338)|14,805|
|Wind Up Fund||||||||25,000||25,000|
|||||||||42,143|(2,338)|39,805|
|Restricted funds|||||||||||
|Bransford Trust||- Youth|Programme|||Fund||3,752|33|3,785|
|TOTAL FUNDS||||||||45,895|(2,305)|43,590|
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