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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|
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|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|||
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||||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|
##
|6.|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|
|8.|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|Activities|[including|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|