2021-03-31-accounts - Knowle West Media Centre

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Contents			Page
Report ofthe	Management Committee
Auditor's report			29
Consolidated	Statement ofFinancial	Activities
Balance Sheets
Consolidated	Cash Flow Statement		34
Notes forming	part ofthe financial statements		35

Ms	H Bream	Chair
Mr	0 Callaghan	Treasurer	Resigned 31/01/2021
Mr	R Fisher
Mr	M Little
Ms	l Partridge
Ms	PA Davis
Ms	MA Venner
Ms	JR Bunyan

			Unrestricted		Restricted
			funds		funds	Total funds
		Notes	2021 E		2021 E	2021 E	2020f
INCOME from:
Donations 8 legacies
Donations			3,179			3,184	1,122
Other trading activities
Sales			58,244			58,244	74,945
Rent income			44,511			44,511	62,716
Charitable activities
Grants and contracts			121,577		1,956,946	2,078,523	1,396,535
Investment income
Interest receivable			877			877	631
Total income		10	228,388		1,956,951	2,185,339	1,535,949
EXPENDITURE on:
Raising funds			104,660			104,660	106,843
Charitable activities			94,913		1,416,457	1,511,370	1,176,715
Governance costs			13,724			13,724	14,833
Depreciation of building					50,230	50,230	50,230
Total expenditure			213,297		1,466,687	1,679,984	1,348,621
Net incoming (outgoing)
resources before transfers			15,091		490,264	505,355	187,328
Reconciliation offunds
Transfers between funds		10	10,178	-	10,178
Net movement in funds			25,269		480,086	505,355	187,328
Total funds brought	forward		105,712		2,404,105	2,509,817	2,322,489
Total funds carried	forward		130,981		2,884,191	3,015,172	2,509,817

			The	Group		The	Charity
			2021		2020	2021	2020
		Notes	F			E	E
Fixed assets
Tangible assets		3	2,068,535	2,023,478		178,783	83,496
Long-term investments			50		50	51	50
Current assets
Debtors and prepayments		4	302,611		229,086	370,012	275,591
Stock			1,105		676
Cash at bank and	in hand		755,832		397,820	685,486	349,509
			1,059,548		627,582	1,055,498	625,100
Current liabilities
Creditors: amounts	falling due
within 12 months		5	~112,991	~141,293		~110,311	~140,210
Net current assets			946,587		486,289	945,187	484,890
Net assets			3,015,172	2,509,817		1,124,021	568,436
Funds
Unrestricted funds		10
G en eral fun d			130,981		105,712	129,582	104,313
Designated funds
			130,981		105,712	129,582	104,313
Restricted funds
Media projects			815,656		380,627	815,656	380,627
Depreciation reserve			2,068,535	2,023,478		178,783	83,496
Restricted funds			2,884,191	2,404,105		994,439	464,123
Total funds			3,015,172	2,509,817		1,124,021	568,436

			Notes	2021	2020
				E
Cash used in operating	activities			513,892	268,367
Cash flows from investing		activities:
Proceeds from sale of fixed assets
Purchase of fixed assets			2	155,880	36,208
Increase/(decrease) in cash and cash equivalents				358,012	232,159
Cash 8 cash equivalents		at start of year		397,820	165,661
Cash 8 cash equivalents		at end of year		755,832	397,820

					Notes		2021	2020
							E
Net income/(expenditure)		for the	reporting	period			505,355	187,328
(as per the Statement		of Financial	Activities)
Adjustments for:
Depreciation charges					2		110,823	79,626
Decrease/(increase)	in	debtors			3		(73,525) - 21,619
Decrease/(increase)	in	stock					429	(359)
Increase/(decrease)	in	creditors			4	-	28,332	23,391
Net cash used in operating activities							513,892	268,367

Consolidated Statement ofFinancial Activit ended 31 March 2020	ies [including Income and Expenditu	re Account] for	the year
	Unrestricted	Restricted
	funds	funds	Total funds
	2020 F	2020f	2020
INCOME from:
Donations &legacies
Donations	478	644	1,122
Other trading activities
Sales	74,945		74,945
Rent income	62,716		62,716
Charitable activities
Grants and contracts	118,194	1,278,341	1,396,535
Investment income
Interest receivable	631		631
Total income	256,964	1,278,985	1,535,949
EXPENDITURE on:
Raising funds	105,475	1,368	106,843
Charitable activities	154,316	1,022,399	1,176,715
Governance costs	14,833		14,833
Depreciation of building		50,230	50,230
Total expenditure	274,624	1,073,997	1,348,621
Net outgoing resources
before transfers	(17,660)	204,988	187,328
Reconciliation offunds
Transfers between funds	17,660	(17,660)
Net movement in funds		187,328	187,328

3.	Tangible Fixed Assets
			Land, building		Office
		Subs idia ry	and	leasehold	fittings and
		equipmentf	improvements		equipment	Total E
	COST
	At 1 April 2020	206,039		2,538,218	407,010	3,151,267
	Additions in Year			52,065	103,815	155,880
	Disposals in Year
	At 31 March 2021	206,039		2,590,283	510,825	3,307,147
	DEPRECIATION
	At 1 April 2020	205,907		598,368	323,514	1,127,789
	Charge for the Year	66		63,180	47,577	110,823
	Disposals in Year
	At 31 March 2021	205,973		661,548	371,091	1,238,612
	NET BOOK VALUE
	At 31 March 2021	66		1,928,735	139,734	2,068,535
	At 1 April 2020	132		1,939,850	83,496	2,023,478
	All tanqible fixed assets are used to fulfil the charity's objects.
		The	Group		The Charity
		2021		2020	2021	2020
				F		F
4.	Debtors and prepayments
	Sundry debtors and prepayments	198,172		77,523	213,922	59,964
	Inter company				51,651	64,207
	Grants receivable	104,439		151,563	104,439	151,420
		302,611		229,086	370,012	275,591
5.	Creditors
	Falling due within 12 months
	Sundry creditors and accruals	102,396		112,218	86,568	95,607
	Inter company				18,583	26,603
	Deferred income (note 6)	10,565		29,075	5,160	18,000
		112,961		141,293	110,311	140,210

Deferred income
			Opening		Amount	Deferred in	Closing
			balance at 1	released to		year	balance at
			April 2020	income	in year		31 March
							2021
Esmee Fairbairn Foundation —Grant for
2020/21 Quarters 1 &2			10,000	-	10,000
Bristol City Council - Promotion of 'Year		of
Can Do' in 2020/21			8,000	-	8,000
Battersea Arts Centre - Fee to organise
South West regional meetings in 2021/22						1,500	1,500
Axisweb -Fee for participation in Social
ARTery trial in 2021/22						458	458
Badham Pharmacy - Half page advert	in
summer 2021 issue of Knowledge						250	250
Bridge Learning Campus -Quarter page
advert in summer 2021 issue of						158	158
Comino Foundation -April element (25%)
of grant covering January to April 2021						2,794	2,794
Sub-totals: Charity			18,000	-	18,000	5,160	5,160
Eight commissions in progress			7,025		7,025
UKCRIC —Delayed Factory commission			4,050				4,050
Supportive Parents - Eight commission		in
progress						1,355	1,355
Group totals			29,075	-	25,025	6,515	10,565

Employee information
						2021	2020
Number of employees						28.7	29.6
The average weekly number of employees			during	the year was calculated	on
the basis of full time equivalents.
No employee received	emoluments	of more	than	f60,000.
						2021	2020
Salaries and wages						836,414	810,854
Socia I security costs						69,086	61,849
Employer pension contributions						23,068	25,818
						928,568	898,521

2021f	2020f
	43

Not	es to the accounts for the year	ended 31 M	arch 2021
10.	Movements in Funds
		At 1 April	Received in			Transfers	in	At 31 March
	Restricted Funds:	2020	year f	Utilised	in year f	year		2021
	Core
	Battersea Arts Centre		500		(500)
	Esmee Fairbaim Foundn		6,000		(4,700)			1,300
	Nationwide Foundation		2,000		(147)			1,853
	University of Bristol		4,560		(4,560)
	University ofthe West of
	England		4,220		(4,220)
	Creative Programme
	Arts Council England
	(NPO)		52,688		(50,686)	(2,002)
	Arts Council England
	(Other funds)		47,543		(10,171)			37,372
	Bristol City Council		28,560		(28,560)
	Local Trust		13,250		(13,250)
	University ofthe West of
	England		1,860		(1,860)
	We Can Make (Homes)
	Arts Council England
	(Other funds)		15,000		(15,000)
	Automated Architecture		12,977		(12,977)
	Homes England	54,420	88,424	(115,952)				26,892
	Innovate UK		74,276		(74,276)
	Nationwide Foundation		165,123	(123,044)		(1,144)		40,935
	University College London		9,000		(9,000)
	Young People/Education
	Arts Council England
	(NPO)		39,500		(39,500)
	Arts Council England
	(Other funds)		14,655		(14,655)
	BBCChildren in Need	890	73,065		(48,639)			25,316
	Comino Foundation		28,740		(28,740)
	Esmee Fairbaim
	Foundation		1,700		(1,700)
	HMRC		16,148		(16,148)
	Local Trust	2,700						2,700
	University College London		44,967		(10,696)	(2,518)		31,753
	University of Bristol		225		(225)
	West of England
	Combined Authority		40,884		(37,608)	(3,276)
	Youth Music	1,404	8,355		(5,751)	(2,604)		1,404
	Neighbourhoods 8 Living Lab
	Arts Council England
	(Other funds)		8,600		(8,600)
	Bristol City Council		95,356		(92,856)			2,500
	Bristol Health Partners		4,732		(2,007)			2,725
	European Union	96,576	271,736	(131,577)		(3,665)		233,070
	HMRC		22,898		(22,898)
	Open University		6,250		(6,250)
	St Monica Trust		1,850		(1,850)
	Scotland's Rural College
	(SRUC)		1,594		(1,594)
	University of Bristol		6,225		(3,000)			3,225

s to the account		for the ye	ar ended 31 Ma	ar ended 31 Ma	rch 2021
			At 1 April		Received in			Transfers	in	At 31 March
				2020	year	Utilised	in year	year		2021
University ofthe	West of
England					1,629		(1,629)
KWMC:The Factory
Arts Council England
(Other funds)					12,000		(12,000)
Bristol City Council				155,788	345,483		(35,490)	(127,900)		337,881
Esmee Fairbaim
Foundation					18,300		(17,059)	(1,241)
European Union					44,406		(43,450)	(956)
HlylRC					2,379		(2,379)
Local Trust					7,160		(3,660)			3,500
NatWest (Project		North
East)					10,000		(1,500)			8,500
Power to Change					30,000		(30,000)
University College		London			17,745		(16,945)	(800)
West of England
Combined Authority					20,473		(20,473)
Knowle West Alliance
Bristol City Council				36,545	24,860		(18,491)			42,914
DEFRA					1,750		(1,750)
Local Trust				1,595	5,840		(3,100)			4,335
National Lottery					199,832	(198,462)		(1,370)
Quartet Community
Foundation				29,728	1,628		(24,856)			6,500
Restricted donations				981						981
				380,627	1,956,951	(1,374,446)		(147,476)		815,656
Depreciation fund				83,496			(60,593)	155,880		178,783
Restricted funds	in
subsidiary
Subsidiary depreciation
fund Inter company Total Restricted		Funds	1,939,982 2,404,105		1,956,951		(50,230) 18,582	~18,582		1,889,752
Unrestricted Funds:
General fund				104,313	156,790	(123,117)		(8,404)		129,582
General fund in subsidiary				1,399	121,485	(121,485)				1,399
Inter company					49,887		31,305	18,582
Total Unrestricted		Funds		105,712	228,388	213,297		10,178		130,981
Total Funds			2,509,817		2,185,339	1,679,984				3,015,172

Notes to the accounts for	the year ended 31 March 2021
11. Resources expended
		2021	2020
			E
Wages and salaries		928,568	898,521
Other direct costs
Audit costs		7,163	8,807
Bad debt		110	155
Bank charges		378	534
Catering costs (for resale)		83	2,582
Depreciation		110,823	79,626
Equipment rental		312	42
Expensed equipment		6,784	4,886
Freelance associates		130,478	184,464
Fundra ising		635	489
Grants to groups		125,037	4,623
Heat and light		5,633	9,679
Insurance		12,056	11,221
ITconsumables and repairs		19,181	30,607
Legal and professional	fees (projects)	210,881	1,939
Materials		24,660	15,782
Miscellaneous		294	238
Other project costs		877	704
Packaging and delivery		188	62
Postage		334	340
Printing (commissions)		3,587	5,811
Project premises		10,991	11,439
Publicity		2,488	3,957
Rates and water rates		4,117	4,802
Recruitme nt and DBSfees		1,683
Recycling and waste collection		709	1,268
Redundancy payments		3,459
Refreshments		641	4,249
Repairs and maintenance		3,760	8,867
Research and development		45	1,310
Security		6,051	3,382
Selling fees		26	387
Stationery and photocopyinq		738	2,777
Subscdptions		5,336	5,291
Subsistence		205	15,289
Telephone/mobile		9,869	595
Trainee fees		21,632	4,326
Training and workshops		17,313	5,969
Travel		1,473	12,897
Venue hire		1,386	641
Volunteers expenses			63
Sub-total: Other direct	costs	751,416	450,100
Total resources expended		1,679,984	1,348,621

Not	es to the accounts for the	ye	ar ended 3	1 Marc	h 2021
12.	Analysis ofexpenditure	by	programme
					Direct staff	Other direct	Total direct	Total direct
					costs	costs	costs	costs
					2021f	2021f	2021	2020 E
	Expenditure on raising funds				60,574	44,086	104,660	106,843
	Charitable activities
	Core				5,365	111,146	116,511	157,936
	Creative programme				72,319	37,358	109,677	118,167
	We Can Make (Homes)				111,748	239,626	351,374	177,505
	YP/Education				160,346	43,318	203,664	240,578
	Neighbourhoods & Living	Lab			303,658	3,562	307,220	184,524
	KWMC:The Factory				126,201	49,926	176,127	244,416
	Knowle West Alliance				88,357	158,440	246,797	53,589
	Total charitable activities				867,994	643,376	1,511,370	1,176,715
	Governance costs					13,724	13,724	14,833
	Subsidiary activities (building		fund)			50,230	50,230	50,230
	Total resources expended				928,568	751,416	1,679,984	1,348,621
13.	Analysis ofgroup net assets between			funds
					General	Designated	Restricted
					Funds	Funds F	Funds	Total Fundsf
	Fixed Assets						2,068,585	2,068,585
	Current Assets Current Liabilities				130,981		928,567 ~112,961	1,059,548 ~112,961
	Net Assets at 31 March 2021				130,981		2,884,191	3,015,172

Statement of Financial	Activities	Income and Expenditure	Income and Expenditure	Account]	for the year ended 31 March	for the year ended 31 March
2021
		Unrestricted	Restricted
		funds		funds	Total funds
		2021		2021f	2021	2020 E
Income from:
Donations						50
Other trading activities:
Rent receivable		44,511			44,511	67,288
Other income		76,825			76,825	88,788
Charitable activities:
Grants and contracts
Investment income:
Interest receivable		149			149	126
Total incoming resources		121,485			121,485	156,252
Resources expended
Administrative expenses		96,012		50,230	146,242	151,939
Total resources expended		96,012		50,230	146,242	151,939
Net incoming I (outgoing) resources before transfers		25,473		(50,230)	(24,757)	4,313
Reconciliation offunds
Transfers between funds
Distribution to parent company	charity	25,473			~25,473 ~54.543
Net movement in funds				(50,230)	(50,230)	(50,230)
Total funds brought fonNard		1,399	1,939,982		1,941,381	1,991,611
Total funds carried forward		1,399	1,889,752		1,891,151	1,891,151