2022-03-31-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			34
Consolidated	Cash Flow Statement		35
Notes forming	part ofthe financial statements		36

Ms	MA Venner
Ms	HF Bream	Resi ned 17/0//2022
Mr	RFisher
Mr	M Little
Ms	I Partrid e
Ms	PA Davis
Ms	MA Venner
Ms	JR Bunyan
Ms	RA Laurence	A	ointed 21/03/2022
Ms	N Paddy-Okafor	A	ointed 09/05/2022

Account] for the year end	ed 31	March 2022
		Unrestricted	Restricted
		funds		funds	Total funds
	Notes	2022 E		2022 f	2022	2021f
INCOME from:
Donations &legacies
Donations		926		100	1,026	3,184
Other trading activities
Saies		64,063			64,063	58,244
Rent income		41,915			41,915	44,511
Charitable activities
Grants and contracts		192,913		1,405,851	1,598,?64	2,078,523
Investment income
interest receivable		387			387	877
Total income	11	300 204		1 405 951	1 706 155	2,'I85 339
EXPENDITURE on:
Raising funds Charitable activities		98,419 169,703		1,395,868	98,419 1,565,571	104,660 1,511,3?0
Governance costs		15,484			15,484	13,724
Depreciation of building				50 230	50 230	50 230
Total expenditure	12	283 608		1,446 098	1 T29,704	1679984,
Net incoming (outgoing) resources before transfers		16,598		(40,147)	(23,549)	505,355
Reconciliation offunds
Transfers between funds	11	262,747	-	262,747
Net movement in funds		279,345		(302,894)	(23,549)	505,355
Total funds brought fossard		130 981		2 884 191	3,016172	2 50S 817
Total funds oarrlsd tonsard		410326		2 581 2S7	2 991623	3,015,172

			The	Group		The Charity	The Charity
			2022		2021	2022	2021
		Notes	f		E	E	E
Fixed assets
Tangible assets		3	2,415,892	2,068,535		262,368	178,783
Long-term investments			50		50	51	51
Current assets
Debtors and prepayments		4	172,482		302,611	414,474	370,012
Stock Cash at bank and	in hand		1,886 T82 497		1,105 755 832	632 385	685466
			956 865	1	059 548	1 046 862	1 055,498
Current llabllNes
Creditors: amounts falling due within 12 months Net current assets		5	~226 184 ?10681	~412 961 946 587		~158 5T9 BSS2S3	~110311 945157,
Creditors: Amounts falling due after more than one vear		6	~155000
Net assets			2 991 623	3	0151T2	1 '150 T02	1 124 021
Funds
Unrestricted funds
General fund			256,500		130,981	255,101	129,582
Designated funds			153826 410,326		130,981	153826 408,927	129,582
Restricted funds
Project grants Depreciation reserve Restricted funds			479,407 2 101890 2,581,297	815,656 2,068 535 2,884,191		479,407 262 368 ?41,775	815,656 17ST83 994,439
Total funds			2991623	3	015,172	1 150702	1,124021

		2022	2021
Cash used in operating	activities	535,727	513,892
Cash flows from investing	activities:
Proceeds from sale of fixed assets
Purchase offixed assets
Increase/(decrease) ln cash and cash equivalents		26 665	358012
Cash 8 cash equivalents	at start ofyear	755 832	397 820
Cash 8 cash equivalents	at end ofyear	?82497	755832.

Reconcitiation ofne	t	income/(expenditure)	to net cash flo	w frotn operating	activities
				Notes	2022	2021
					f	E
Net income/(expenditure)		for the reporting	period		(23,549)	505,355
(as per the Statement		of Financial Activities)
Adjustments for. Depreciation charges				2	161,705	110,823
Decrease/(increase)	in	debtors		3	130,129 -	73,525
Decrease/(Increase)	in	stock			781	(429)
Increase/(decrease)	in	creditors		4	268 223 -	28 332
Net cash used in operating activities					535 727	513892

Consolidated Statement ofFinancial A the year ended 31 March 2021	ctivities 1'Including Income and	Expenditure A	Expenditure A	ccount] for
	Unrestricted	Restricted
	funds		funds	Total funds
	2021		2021	2021
	F		E
INCOME from:
Donations &legacies Donations	3,179			3,184
Other trading activities Sales	58,244			58,244
Rent income	44,511			44,511
Charitable activities
Grants and contracts	121,577		1,956,946	2,078,523
Investment Income
Interest receivable	877			877
Total income	228 388		1 956951	2,185 339
EXPENDITURE on:
Raising funds Charitable activities	104,660 94,913		1,416,457	104,660 1,511,370
Governance costs	13,724			13,724
Depreciation of building			50 230	50 230
Tote I expenditure	213297		1,466,687	1 679984
Net outgoing resources before transfers	15,091		490,264	505,355
Reconciliation offunds
Transfers between funds	10,178	-	10,178
Net movement in funds	25 269		480 086	505355

Tangible Fixed Asse	ts
	Land, building			Office
	and leasehold	Housing	Subsidiary	fittings and
	Improvements	stock	equipment	equipment	Total
		F			f.
COST
At 1 April 2021 Additions in Year Disposals in Year	2,590,283 111,971	314,002	206,039	510,825 83,089 ~160376	3,307,147 509,062 ~160376
At 31 March 2022	2,702 254	314002	206 039	433538	3 655833
DEPRECIATION
At 1 April 2021 Charge for the Year Disposals In Year	661,548 100,504		205,973 66	371,091 61,135 ~160376	1,238,612 161,705 ~160376
At 31 March 2022	762 052		206 039	271 850	1 239941
NET BOOK VALUE
At 31 March 2022	1 940 2tl2	314002		161688	2415892
At 1 April 2021	1 928 735		66	139734	2 068535

		The Group		The Charity
		2022	2021	2022	2021
4.	Debtors and prepayments Sundry debtors and prepayments Inter company Grants receivable	70,062 102,420	198,172 104,439	50,013 262,041 102,420	213,922 51,651 104,439
		172 482	302 611	414474	370012
5.	Creditors
	Falling due within 12 months Sundry creditors and accruals Inter company Deferred income (note 7)	90,519 135,665	102,396 10,565	74,274 14,544 69,761	86,568 18,583 5,160
		226 184	112.961	158579	110311

6.	Creditors: Amounts falling due after
	more than one year
	Knowle VVest Media Centre has secured	two long-term	loans for the purpose			of constructing	two
	affordable modular homes.
		Loan		Interest	rate	Interest	Repayment
		principal				payable		date
		E
	Bristol & Bath Regional Capital CIC Oty Funds LP	105,000 50,000		6 5'/ 1.5%		35,480 4,152	01/09/2029 01/09/2029
		355000				30532
7.	Deferred income
		Opening		Amount		Deferred	Closing
		balance at 1		released	to	ln year	balance at
		April 2021		income	ln		31	March
				year				2022
	Battersea Arts Centre - Fee to
	organise South West regional
	meetings in 2021/22	1,500	-	1,500
	Axlsweb -Fee for participation In
	Sodal 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 Knowledge	158			158
	Comino Foundation -Apiii element
	(25%)of grant covering January to
	April 2021	2,794	-	2,794
	Redcatch Community Garden-
	Quarter page advert in summer 2022 issue of Knowledge					131		131
	Badham Pharmacy - Half page
	adveits in summer, autumn & winter
	2022 issues					675		675
	Comino Foundation -Proportion
	(5/12) of grant covering April to August 2022					21,068		21,068
	National Foundation for Youth
	Music - Funding received on
	31/3/2022 for next financial year					47,887		47,887
	Sub-totals: Charity	5,160		5,160		69,761		69,761
	UKCRIC - Delayed Factory commission	4,050		4,050
	Supportive Parents - Eight
	commission in progress	1,355		1,355

s to the a	ccounts	for the year ended	31 March 2022
			Opening		Amount		Deferred	Closing
			balance at		released	to	in year	balance at
			1 April		income	in		31 March
			2021		year			2022
University of Bath 30/03/2022		- Fee invoiced					2,707	2,707
Barton Camp - Fee for uncompleted
work c/f							687	687
Bamardo's	-Fee for uncompleted
work c/f							11,347	11,347
DLUHC - Payment delivered		for work still to be					51,163	51,163
Group totals			10665	-	10565		135665	135665

Employee Information
				2022	2021
Number of employees				33.8	28.7
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.	2022	2021
					E
Salaries and wages Social security costs Employer pension contributions				966,234 80,482 27 102	836,414 69,086 23068
				1,073 818	928 568

Employee	Information	Information
Number of	employees
The average		weekly number of employees		during	the year was
calculated	on	the basis of full time	equivalents.

2022	2021
F

Note	s to the accounts for the	year	ended	31 March 2022
11.	Movements in Funds
		At 1	April	Received ln	Utlilsed in	Transfers	in	At 31
			2021	year	year	year		March 2022
	Restricted Funds:		E		F
	Core
	Arts Council
	England (Other)			289,409	(163,890)	(125,519)
	Esmee Fairbaim Fdn	1,300			(1,300)
	Nationwide Foundn	1,853			(257)			1,596
	Quartet Comm Fdn		100			(100)
	Creative Programme
	Arts Council
	England (NPO)			51,533	(41,133)	(10,400)
	Arts Council
	England {Other)	3?,372		32,873	(69,713)	(532)
	Bristol City Council			28,647	(28,647)
	Bristol Ideas/BCDP			500				500
	Locai Trust			23,100	(20,250)	2,500		5,350
	National Academy
	Social Prescribing			11,000	(7,381)			3,619
	University of Bristol			850	(850)
	Ne Can Make (Homes)
	Bristol City Council			135,000		(135,000)
	DLUHC			23,836	(23,836)
	Homes England	26,892			(26,892)
	innovate UK			31,599	(31,599)
	Nationwide Foundn	40,935		169,9?4	(136,689)			74,220
	Powerto Change			25,000	(25,000)
	Young People/Education
	Arts Council
	England (NPO)			4,917	(4,917)
	Arts Council
	England (Other)			2,063	(2,063)
	Arup			3,000				3,000
	BBCChildren in Need	25,316		48,255	(69,098)			4,473
	Comino Foundation			44,738	(44,738)
	Crown Commercial
	Service			58,158	(29,079)			29,079
	Dept for Work and
	Pensions			50,175	(46,007)	(4,168)
	Ernest Cook Trust			360	(46)
	Local Trust		2,700		(2,700)
	University Coil London	31,753		48,165	(36,622)			43,296
	Youth Music		1,404		(1,404)
	Nelghbourhoods & Living	Lab
	Arts Council
	England (Other)			1,025	(1,025)
	Bristol City Council		2,500	41,331	{43,831)
	Bristol Health Ptnrs		2,725	849	(3,574)
	European Union	233,070		31,231	(141,244)	(6,968)		116,089

s to the accounts	for the year ended	for the year ended	31 March 2022	31 March 2022
	At 1 April		Received In		Utlllsed in	Transfers	in	At 31
		2021		year	year	year		March 2022
HMRC				2,984	(2,984)
Open University				1,250	(1,250)
Quartet
Community University of Bristol		3,225		441 11,T50	(441) (14,975)
KWMC:The Factory
Arts Council
England (NPO}				2,466	(2,466}
Arts Council
Engiand (Other) Bristol City Council	337,881			16,924 656	(16,629) {41,364)	(295) (170,648)		126,525
Bristol Health Ptnrs				2,075	(2,075)
European Union				78,102	(77,067)	(1,035)
HMRC				557	(557)
Local Trust		3,500			(2,461)			1,039
NatWest {Project
North East)		8,500		7,679	(16,179)
Trinity Community	Arts			1,000	(1,000)
West of England
Combined Auth				35,527	(3Q,607)			4,920
Knowle West Alliance
Bristol City Council		42,914		54,600	(42,112)			55,402
Local Trust		4,335			(1,423)	(2,500)		412
Open University				2,498	(1,598)			9QO
Quartet Comm
Foundation		6,500		29,275	(27,781)		100	8,094
Sustalnabie Redland				479				479
Restricted donations		881		100	881			100
	815,656			1,405,951	(1,287,635)	(454,565)		479,407
Depreciation fund Inter company	2,068,535				(161,705) 3 242	195,060 ~3242		2,101,890
Total Restricted
Funds
Unrestricted Funds:
Designated fund	- Projects in progress
				137,831	(97,445)	(21,560)		18,826
Designated fund	- BCCgrant	loaned	to	We Can Make	Knowle West	135,QOO		135,000
General fund	129,582			97,339	(117,885)	146,065		255,101
General fund In
subsidiaries		1,399		132,037	(132,03T)			1,399
Inter company transactions			~67,003		63761	3	242
Total Unrestricted
Funds	130 961			300204
Total Funds								2 991 623

Resources expended
	2022	2021
Wages and salaries	1,073,818	928,568
Other direct costs Audit costs Bad debt Bank charges Catering costs (forresale) Depreciation Equipment rental Expensed equipment Freelance associates Fundralsing Grants to groups Heat and light Insurance ITconsumables and repairs Legal and professional fees (projects)	10,044 18 287 255 161,705 506 10,381 171,719 485 13,879 10,896 12,826 17,441 125,937	7,163 110 378 83 110,823 312 6,784 130,478 635 125,037 5,633 12,056 19,181 210,881
Materials Miscellaneous Other project costs Packaging and delivery Postage Printinq (commissions) Project premises Publicity Rates and water rates Recruitment and DBSfees Recycling and waste collection Redundancy payments Refreshments Repairs and maintenance Security Selling fees Stationery and photocopying Subscriptions Subsistence Teiephonelmoblle Trainee fees Training and workshops Travel Venue hire	27,459 242 1,158 513 7,878 16,563 3,694 4,638 1,570 1,275 4,078 15,555 3,434 230 1,572 6,309 6,904 7,365 2,788 5,089 1,193	24,660 294 922 188 334 3,587 10,991 2,488 4,117 1,683 709 3,459 641 3,760 6,051 26 738 5,336 205 9,869 21,632 17,313 1,473 1,386
Sub-total: Other direct costs	655,886	751,416
Ttlresources exended	1 729 704	1 679994

Analysis ofexpenditure by	program	me
		Direct staff	Other direct	Total direct	Total direct
		costs	costs	costs	costs
		2022	2022	2022	2021
			F	F
Expenditure on raising funds		52,818	45,601	98,419	104,660
Charitable activities
Core Creative programme We Can Make (Homes) YPIEducation		134,940 100,084 132,106 201,744	227,773 ?4,572 134,357 35,161	362,713 174,656 266,463 236,905	116,511 109,677 351,374 203,664
Neighbourhoods 8 Living Lab KWMC:The Factory Knowle West Alliance Total charitable activities		234,190 152,349 58,587 1,014,000	25,631 39,991 14086 551,571	259,821 192,340 72 673 1,565,571	307,220 176,127 246 79T 1,511,370
Governance costs Subsidiary activities (building	fund)	7,000	8,484 50.230	15,484 50 230	13,724 50230
Total resources expended		1 073 818	655 886	1 729704	1 6T9 984

Analysis ofgroup net assets betwe	en funds
	General	Designated	Restricted
	Funds	Funds	Funds	Total Funds
Fixed Assets Current Assets	256,500	153,826	2,4'i 5,942 546,539	2,415,942 956,865
Current Liabilities Long-term Liabilities			(226,184) ~155000	(226,184) ~155000
Net Assets at 31 March 2022	256 500	153526	2 581 297	2 991 623

Statement ofFinancial Activiti 31 March 2022	es [inc	luding income a	nd Expenditure	Account] for the	year ended
		Unrestricted	Restricted
		funds	funds	Total funds
		2022	2022	2022	2021
			E		E
Income from:
Donations
Other trading actlvltles: Rent receivable		41,916		41,916	44,511
Other income		90,108		90,108	76,825
Cha ritable activities:
Grants and contracts
Investment income:
Interest receivable		13		13	149
Total Incoming resources		132,037		132037	121485
Resources expended Administrative expenses		91080	50,230	141310	146242
Total resources expended		91 080	50230	141310	146242
Net incoming l {outgoing) resources before transfers		40,957	(50,230)	(9,273)	(24,757)
Reconciliation offunds
Transfers between funds
Distribution to parent company	charity	(40,957)		~40 957	~25 473
Net movement in funds			{50,230)	(50,230)	(50,230)
Total funds brought forward		1,399	1 889 752	1 891 151	1 941 381
Total funds carried forward