## ## ## |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|Chair||| |---|---|---|---|---| |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| ## ## |||Notes|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|||||| ##