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





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|Reference|and Administrative<br>D|and Administrative<br>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|



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





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||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|
||||||2022|2021|2022|2021|
||||||||f.||
|Fixed assets|||||||||
|Tangible<br>fixed assets||||16|258)913|232,202|258,629|231,227|
|Invcstiucilts||||17|||100|100|
||||||25S,913|232,202|258&729|231,327|
|Current<br>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<br>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|





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||||||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<br>oftangible<br>fixed assets|||||66,919|56,913|66,228|56,005|
|Other interest receivable<br>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<br>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|





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||||||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|





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|Charitable<br>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<br>I|ncome - Chatdty|||||||
|---|---|---|---|---|---|---|---|---|
||||Um'eshicted|Total|F&uuds|Unrestricted|Total|Funds|
||||Funds||2022|Funds||2021|
|Bauk|interest|receivable|608||608|1,348||1&348|



## 

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|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|||





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## 

|Expenditure|ou Chari|table<br>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,<br>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,<br>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<br>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<br>Activities<br>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,<br>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|





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## 

|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|



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|Auditors<br>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|



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## 

|16.<br>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|





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## 

|Tangible|Fix|ed Assets|—Charity||||||
|---|---|---|---|---|---|---|---|---|
||||Stun|Static|Portable|Theatre|Plant &||
||||Studio|Equipment|Equipment|Seating|Machinery|Total|
||||f.||f,||||
|Cost|||||||||
|At<br>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|



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|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<br>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|





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||||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|





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## 

|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<br>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<br>to toilets||||||30,000||(30,000)||
|MCEP|||||14,812||(2,866)||11&946|
|MCEP Manchester<br>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<br>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|





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## 

|||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<br>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<br>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<br>MCEP||20,000<br>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<br>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|





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## 

|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|



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|||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|