2022-03-31-accounts

	Pages
Trustees' Annual Report flncorporating tbe Director's Repotti	1to 7
Independent Auditor's Report to the Members	8 to 11
Consolidated Statement ofFinancial Activities
(Including Income and Expenditure Account)	12
Consolidated Statement ofFinancial Position	13
Statement ofCash Flows	14
Notes to the Financial Statements	15to 32

Reference	and Administrative D	and Administrative D	etails
Registered	charity name		Zion Arts Centre Limited (T/A Z-Arts)
Chatdty registration		number	1093556
Company	registration	number	04101324
Principal	oflice and registered		335 Stretford Road
office			Hulnie
			Manchester
			M15 5ZA

				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
						2022	2021
			Note
Income and endoivments
Donations and legacies				525,513		525&513	797,070
Charitable activities				304,132	323,221	627,353	439,168
investment income				608		608	1,348
Trading activities
Commercial trading	operations			54&114		54&114	24,161
Other Income				576		576
				884,943	323,221	1,208&164	1,261,747
Expenditure
Expenditure on charitable		activities	10,11	787&981	400&174	1)188,155	997,860
Expenditm'e on raising funds:
Commercial trading operations				53&305		53)305	22,338
Total expenditure				841,286	400&174	1,241,460	1,020,198
Net (expenditure)/Income		and net	movement
in funds				43,657	(76)153)	(33,296)	241,550
Transfers between funds				67,627	(67)627)
Net movement in funds				111,284	(144,580)	(33,296)	241,550
Reconciliation offunds
Total funds brought forward				404,082	410)926	815&008	573,458
Total funds carried fora		ard		515,366	266,346	781,712	815,008

					Group		Charity
					2022	2021	2022	2021
							f.
Fixed assets
Tangible fixed assets				16	258)913	232,202	258,629	231,227
Invcstiucilts				17			100	100
					25S,913	232,202	258&729	231,327
Current assets
Stocks				18	6&580	1,855
Debtors				19	86)106	114,985	92,819	123,501
Investments				20	593,808	629,951	593,808	629,951
Casli at bank and in hand				20	155&419	100918	150,891	93,695
					841,913	847,709	837)518	847,147
Creditors:	amounts	falling	due within
				21	319&114	264,903	316)040	264,853
Net current	assets				522&799	582,806	521)478	582,294
Total assets	less current liabilities				781,712	815,008	780,207	813,620
Net assets					7S1,712	815,008	780)207	813,620
Funds ofthe charity
Restricted funds					266)346	410,926	266346	410,926
Um estricted	funds:
			General	funds	300,567	404,082	299,062	402,694
			Designated	fund	214,799		214)799
Total charity funds				22	781,712	815,008	780&207	813,620

					Group		Charity
					2022	2021	2022	2021
								f.
Cash flows from operating		activfldes
Net income/(expenditure)					(33,296)	241,550	(33,414)	240,635
&tdjasimenis fo&:
Depreciation oftangible fixed assets					66,919	56,913	66,228	56,005
Other interest receivable and sinular income					(608)	(1,348)	(608)	(1,348)
Profit on sale ofassets					(158)		(158)
Changesin:
Stocks					(4,725)	3,035
Trade and other debtors					28,879	77,519	37,736	75,483
Trade and other creditors					54&210	(63,273)	44&132	(58,713)
Cash generated from operations					111&222	314,396	113&917	312,062
Interest receivtxt					608	1,348	608	1,348
Proceeds from fixed asset.	disposals				158		158
Net cash used in operating		activities			111&988	315,744	114,683	313,410
Cash flows from investing		activities
Purchase oftangible assets					(93&629)	(27,498)	(93,629)	(27,498)
Net cash used in investing	activities				(93,629)	(27,498)	(93&629)	(27,498)
Net decrease in cash and	cash equivalents				18&358	288,246	21,053	285,912
Cash and cash equivalents		at beginning	ofyear		730,869	442,623	723&646	437,735
Cash and cash equivalents		at eud ofyear		20	749,227	730,869	744,699	723,647

					Umestricted	Restricted	Total Funds
					Funds	Funds	2022
						f,	f
Donatious
Monetaty		donations			10,186		10,186
Donation fiom Trading Subsidiary					3,000		3,000
					13,186		13,186
Grants
Manchester		City Council			184,488		184)488
Greater Manchester			Combined	Authority	49,750		49,750
Arts Council					259,692		259)692
Covid-19 furlough			grant		18,397		18,397
					512,327		512,327
Total					525,513		525,513
					Utuestricted	Restricted	Total Funds
					Funds	Funds	2021
					f.
Donatious
Monetary	donations				13,265		13,265
Donation from Trading Subsidituy					12,200		12&200
					25,465		25)465
Grants
Manchester		City Council			194,198		194,198
Greater Manchester			Combined	Authority	49,751		49,751
Atra Council					259,692		259,692
Covid-19 furlough			grant		267,964		267,964
					771,606		771,606
Total					797,070		797,070

Charitable Activities
	Umeshdcted	Res hie ted	Total Funds
	Funds	Funds	2022
Venue hire, shared BO and gallery	146,817		146&817
Project grants	108,948	323,221	432)169
Rents receivable	48,367		48)367
	304,132	323,221	627,353
	Um eshicted	Restricted	Total Funds
	Funds	Funds	2021
		f,	f.
Venue hire, shared BO and gallery	4,930		4,930
Project grants	47,247	338,792	386)039
Rents receivable	48,199		48)199
	100,376	338,792	439,168.

Invest	ment I	ncome - Chatdty
			Um'eshicted	Total	F&uuds	Unrestricted	Total	Funds
			Funds		2022	Funds		2021
Bauk	interest	receivable	608		608	1,348		1&348

Other Income - Chatdty
		Uiuestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		f,
Profit on Sale offixed asset		158	158
Trading Income —Presentation	fee	418	418

Expenditure	ou Chari	table Activities by Fund T	ype
			Um'estricted	Restricted	Total Funds
			Funds	Funds	2022
Salaries and	employer's	NIC	420,728	111,194	531&922
Activities costs			167,339	183,575	350,914
Other direct	costs		9,500	100	9,600
Promotional	costs		14,360	6,967	21,327
Training, recruitment,		travel, and motor	8,525	1,238	9,763
Professional	fees		20,988		20,988
Bank charges	and subscriptions		6,715		6,715
Property costs			101,947	56,854	158,801
Depreciation			26,673	40,246	66)919
Support costs			11,206		11,206
			787,981	400,174	1,188)155
			U)u'estricted	Restricted	Total Funds
			Funds	Funds	2021
			f,
Salaries and	employer's	NIC	523,980	33,097	557,077
Activit. ies costs			97,983	96,056	194&039
Other direct	costs		11,812	358	12,170
Promotional	costs		12,705	1,239	13,944
Training, recruitment,		travel and )uotor	2,766	85	2)851
Professional	fees		2,873		2)873
Bank charges	and subscriptions		3,401	20	3&421
Property costs			135,872	11,664	147,537
Depreciation			18,127	38,786	56,913
Support costs			7,035		7,035
			816,554	181,306	997&860

Expenditure	on Chari	table Activities by	Activity Type
			Activities
			undertaken		Total funds	Total funds
			directly	Support costs	2022	2021
			f,			f,
Salaries and	employer's	NIC	531,922		531,922	557,077
Activities costs			350,914		350,914	194,039
Other direct	costs		9,600		9&600	12,170
Promotional	costs		21,327		21&327	13,944
Training, recruitment,		travel and n)otor	9,763		9,763	2,851
Professional	fees		20,988		20,988	2,873
Bank charges	and subscriptions		6,715		6,715	3,421
Property costs			158,801		158,801	147,537
Depreciation			44,]67	22,752	66,919	56,913
Governance	costs			11,206	11,206	7,035
			1,154,197	33,958	1,188,155	997,860

Net (expe	nditm'e)/Income:
			2022	2021
Depreciation oftangible		fixed assets	66,919	56,913
Gains on	disposal oftangible fixed assets		158
Operating	Lease rentals		43&331	46,028

Auditors Re	nnincration
				2022	2021
				f	f,
Fees payable	to the external	auditors	for the audit ofthe financial
statements				6,625	5,760
Fees payable	to the external	auditors	for other services	1,875	1,110
				8,500	6,870

		2022	2021
Wages	and salaries	523&230	535 343
Social	security costs	41&752	39,730
Pension	costs	9&250	8,797
		574&233	583,870

			2022	2021
			No.	No.
Number	ofoperational	staff	10	15
Number	ofcreative staff		5	5
Number	ofmanagement	staff	6	5
			21	25

16. Tang	ible Fixed	Assets —G	roup
		Stun	Static	Portable	Theatre	Fixtures &	Plant &
		Studio	Equipiuent	Equipment	Seating	Fittings	Machinery	Total
					5		f.
Cost
At 1 April	2021	227,866	55,057	204,339	120,201	4,020	22,385	633,867
Additions			875	4,540			$8,214	93,629
Disposals				(45,341)				(45,341)
At 31March 2022		227,866	55J32	163,537	120,201	4,020	110,599	682,156
Depreciation
At 1 April	2021	165,$91	50,300	169,908	12,521	3,045		401,666
Charge for	the year	22,787	1,947	18,015	12,020	691	11,460	66,919
Release on	disposals			(45,341)				(45,341)
At 31March 2022		188&678	52/47	142,582	24&541	3,736	11,460	423&244
Carryiug	amount
At 31March 2022		39,188	3,685	20)956	95,660	284	99,140	258)912
At 31 March 2021		61,975	4,757	34,430	107,680	975	22,385	232,202

Tangible	Fix	ed Assets	—Charity
			Stun	Static	Portable	Theatre	Plant &
			Studio	Equipment	Equipment	Seating	Machinery	Total
			f.		f,
Cost
At 1 April	2021		227,866	55,057	204,339	120,201	22,385	629&848
Additions				875	4,540		88,214	93,629
Disposals					(45,341)			(45,341)
At 31March		2022	227,S66	55,932	163)538	120,201	110,599	67S,136
Depreciation
At I April	2021		165,891	50,300	169,908	12,521		398,621
Charge for	the year		22,787	1,947	18,015	12,020	11,460	66&229
Release on	disposals				(45,341)			(45&341)
At 31March		2022	188,67S	52847	142,582	24,541	11,460	419,508
Carrying	aruount
At 31March		2022	39&188	3&685	20,956	95)660	99,139	258,628
At 31March		2021	61,975	4,756	34,430	107,680	22,385	231,227
Investments		-Charity
Analysis of	tnvesunents		at 31March	2022 bcnveeu	funds
				Unrestricted		Restricted	Total	Total
					Funds	Funds	funds	funds
							2022	2021
							f.	f
LKGroup	undertakings				100		100	100

Debtors
		Group		Charity
		2022	2021	2022	2021
		g		g
Trade debtors		64)965	80,371	64)724	81,683
Amounts	owed by group undertakings			7,054	7,204
Other debtors		21,141	34,613	21)041	34,613
		86)106	114,984	92)819	123,501

		Group		Charity
		2022	2021	2022	2021
Cash at bank and in hand		155&419	100,918	150,891	93,695
Short-term	deposits	593&808	629,951	593)808	629,951
		749)227	730,869	744&699	723,646

			Group		Charity
			2022	2021	2022	2021
				5
Trade creditors			73&836	68,221	72,481	68,055
Social security and other taxes			91,458	11,936	161485	11,953
Accruals	and defen'ed	iucome	153,821	184,745	227)074	184,845
			319,115	264,902	316,040	264,853

Balance	b/fwd at 1st April 2021	137,239
Released	in the year	(56&7571
Deferred	in the year	77,409
Balance	c/fwd at 31March 2022	157)891

			At I				A131
			April 2021	Income	Expendimre	Transfer	March 2022
							8
General funds			294,584	884,943	(841,285)	(37,674)	300,568
Designated	funds;
Family fiiendly escape room						20,000	20,000
Major	capital depreciation	reserve	109,498			85,301	194,799
			404,082	884,943	(841285)	67,627	515,367

icted funds —Group	a	nd Ch	arity
					At				At
					I April 2021	Income	Expenditure		31March 2022
									f,
A4A Sununer ofplay						9,750	(9,750)
ABRSM Generation	Z				5,907		(5,907)
ACE Artist development		fund				83,055	(25,996)		57,059
Children in Need					18,920		(18,920)
Creative Scotland 4 nations project						4,860	(917)		3,943
Curious Minds MCEP					20,000	5,000	(20200)		4,800
DCMS Recovery Fund					55,409	82,471	(100,253)	(37,627)
D'oyly Carte					3,500				3,500
Duchy ofLancashire	Surruner		Grant			500	(500)
DWF Foundation						2,000	(2,000)
ERFDanish Cities						27,229	(401)		26,828
Esme Fairbum						5,000	(5,000)
Family Arts Network					2,570	6,121	(6,343)		2,348
FAC Here and Now					2,600	7,000	(9,600)
GMCA MADE Grant						1,000	(1,000)
Gmnada Foundation					3,000		(3,000)
Greater Sport Dance	Project					6,864	(6,864)
Ground Works Tesco Conununity				Fund		500			500
HAF Mcr active						4,792	(339)		4&452
Harold Hyam Wingate		fund				3,975	(1,205)		2,770
John Thaw					10	1,000	(1,010)
Levi's Music Project					52,019	9,805	(39,790)		22,034
MCC Contribution to toilets						30,000		(30,000)
MCEP					14,812		(2,866)		11&946
MCEP Manchester Venues Recovery					44,258	22,500	(17,050)		49,708
Mind the gap access						500			500
Mind the gap engage						2,000	(2,000)
NIF Global families						1,200	(1,200)
NIF Summer ofPlay						830	(830)
One Mcr —Family Jam					3,400		(1,450)		1&950
One Mcr —Tiger School					4,880		(1,881)		2,999
Paul Hamlyn					60,601		(60,601)
Stun Capital					77,712		(28,786)		48&926
UK Theatres Tmst					1,635				1,635
Young Manchester SEND Project						5,270	(5,270)
Thrive (Young Manchester)					14,769		(3536)		11&233
Youth Music					24,922		(15,709)		9,213
					410,926	323,221	(400,174)	(67,627)	266,346

		At					At
		1 April 2020	Income	Expenditure	Transfer	31	March 2021
				8			f.
General funds		210,520	922,956	(838,892)			294,584
Theatre seating					109,498		109,498
Designated Fund:
BigImagination	Festival	20,000			(20,000)
		230,520	922,955	(838,892)	89,498		404,082
Restricted funds —Group aud Charity
		At					At
		1 April 2020	Iucoute	Expenditure	Transfers		31March 2021
			f,
Stun Capital grant		106,499		(28,786)			77,713
Paul Hamlyn		67,651		(7,050)			60&601
ABRSM Generation	Z	6,376		(469)			5,907
Children in Need			38,111	(19,191)			18&920
Curious Minds MCEP			20,000				20,000
DCMS Recovery Fund			119,162	(63,753)			55,409
D'oyly Carte			3,500				3,500
FAC Here and Now		2,600					2&600
Family Arts Network		595	5,127	(3,153)			2&569
Foyle Foundation MCEP		20,000 17,469	5,000	(7,657)	(20,000)		14,812
Granada Foundation			3,000				3,000
John Thaw		810		(800)			10
Levis Music Project		37,274	29,414	(14,669)			52&019
MCEP Manchester	Venues		67,500	(23242)			44,258
UK Theatres Trust		1,635					1,635
One Mcr —Tiger School		4,880					4,880
One Mcr —Family	Jam	4,200		(800)			3,400
Renakets Seats		66,165	13,333	(10,000)	(69,498)
Santander Fund
Thrive (Young Manchester)		6,784	9,123	(1,138)			14,769
Youth Music			25,522	(600)			24&922
		342,938	338,792	(181,306)	(89,498)		410,926

nalysis ofGroup Net Assets be	tween Funds
	Restricted	Unrestricted	Total Funds	Total Funds
	Funds	Funds	2022	2021
Tangible fixed assets	48,926	209,986	258,912	232,202
Cue ent assets	217,420	305,380	522,800	582,806
Net assets	266,346	515,366	781,712	815,008
	Restricted	Unrestricted	Total Funds	Total Funds
	Funds	Funds	2021	2020
Tangible fixed assets	100,097	132,105	232,202	261,615
Client assets	310,829	271,977	582,806	311,843
Net assets	410,926	404,082	815,008	573,458

The total	future mininnun	future mininnun	lease payments	under non-cancellable	operating	leases are as follows:
						2022	2021
Equipment
Not later than		1 year				843	843
Later than	I year and not		later than 5years			1)476	2,319
						21319	3,162

		At 1April	Cashflow	At 31March
		2021		2022
		f,	f	f
Cash at bank		100,918	54,501	155,419
Short-term	deposits	629,951	(36,143i	593,808
Total Funds		730,869	18,358	749,227