|TRUSTEES|RFRichards|Festival Organiser||
|---|---|---|---|
||A Buchanan|TV Producer||
||L Cooper Retued|||
||S lshcrwood|Arts Consultant||
||JMellor Consultant|||
||J Waters Freelance Cameraman|||
||N Williams|Sound Artist||
||P Burr Retired|||
||M Puzynski|BME Engagement|Officer|
|COMPANY SECRETARY|P A R Shepherd|||
|REGISTERED OFFICE|The Engine|Room||
||50-52 High|Strcct||
||Bridgwater|||
||Somerset|||
||TA6 3BL|||
|REGISTERED COMPANY NUMBER|03443981 (England and Wales)|||
|REGISTERED CHARITY NUMBER|1095587|||
|INDEPENDENT EXAMINER|Maxwel la|||
||Chartered
Accountants|||
||4 King Square|||
||Bridgwater|||
||Somerset|||
||TA6 3YF|||
|BANKERS|NatWest Bank pic|||
||Leicester Rcsc|||
||Bede House|||
||11Western|Boulevard||
||Leicester|||
||LE2 7EJ|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for thc Year Ended 31|M|arch 2021|||||||
|---|---|---|---|---|---|---|---|---|
||||||||319.21|31.3.20|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes||f,|f||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and lcgacics|||||59,141||59,140|8,333|
|Charitable
activities|||||||||
|t 'hantable|||||321,723|69,077|390,800|226,863|
|Other tradmg
activities|||||1,761||1,761|12,664|
|Investment
income|||||89||89|112|
|Total|||||382,714|69,076|451,790|247,972|
|EXPENDITURE ON|||||||||
|Raising funds||||7|11,776|300|12,076|18,582|
|Charitable
activities|||||||||
|Project costs|||||87,282|18,600|105,882|81,549|
|Employment
costs|||||183,097|9,774|192,871|94,381|
|Establishment
costs|||||16,894|4,103|20,997|14478|
|Repairs and mamtenance|||||5,UZ3|257|5,ZtlU|943|
|Office expenses|||||7,948|2,625|10,573|8,456|
|Printing
postage and stationery|||||1,455|1,029|2,484|1,170|
|Subscriptions
and donations|||||78||78|198|
|Cleaning|||||3313|219|3,532|2,577|
|Bank charges|||||280|37|317|535|
|Bad debts|||||282||282|1,662|
|Facilitator||||||||10,461|
|Travel and subsistence|||||423|4|427|2,214|
|Advertising
and promotion|||||11,709|3,509|15,218|4,530|
|Legal and professional||||||3,240|3,240|193|
|Depreciation oftangible||fixed assets|||7,723||7,723|5,134|
|Independent
Examination||fee|||675||675|675|
|Sundries|||||120||120||
|Accountancy|||||5,219|777|5,996|6,667|
|Total|||||343,297|44,474|387,771|254405|
|NFT INCOME/(FXPENDITI/RE)|||||39,417|24,602|64,019|(6,233)|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought|farxvard||||372,179|1,553|373,732|379,965|
|for thc Y|ear Ende|d 31 March|2021||||||
|---|---|---|---|---|---|---|---|---|
||||||||319.21|31.3.20|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes||f,|f||
|TOTAL|FUNDS|CARRIED|FORWARD||~411596|~26 155|~437 751|373732|
|Balance Sheet
31 March 2021||||||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes||f,|f||
|FIXEDASSETS||||||
|Tailgllilc asscu|13|345,628|25,842|371,470|340,680|
|CURRENT ASSETS||||||
|Debtors
Cash at bank and in hand|14|33,703
~117793|~47996|33,703
~165789|13,942
~65604|
|||151,496|47,996|199,492|79,546|
|CREDITORS||||||
|Amounts
falling due within one year|15|(85,528)|(47,683)|(133,211)|(46,494)|
|NET CURRENT ASSETS||~65968|313|~66281|33,052|
|TOTAL ASSETSLESSCURRENT LIABILITIES||411,596|26,155|437,751|373,732|
|NET ASSETS||~411596|~26 155|~437 751|373732|
|FUlqDS|le|||||
|Unrestricted
funds
Restricted funds
TOTAL FUNDS||||411,596
~26 155
~437 751|372,179
~( 553
~373732|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|ACCOUNTING
POLICIES - continued|ACCOUNTING
POLICIES - continued|ACCOUNTING
POLICIES - continued||||||
|---|---|---|---|---|---|---|---|
|Pension costs and other post-retirement
benefits||||||||
|Thc charitable
company
opcratcs a dcfincd contribution|||pension|schcmc. Contributions||payablc to thc charitable|company's|
|pension
scheme are charged|to the|Statement ofFinancial|Activities||in the period to which they relate|||
|DONATIONS
AND LEGACIES||||||||
|||||||31.3.21|31.3.20|
|Donations
from individuals
Government
Grants|and organisations|||||1,480
~57660|1,948
~6385|
|||||||~59140|8333|
|OTHER TRADING ACTIVITIES||||||||
|||||||319.21|31.3.20|
|CafU income||||||~1761|12.664|
|INVESTMENT INCOME||||||||
|||||||31.3.21|31.3.20|
|Deposit account interest||||||89|112|
|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||||31.3.21|31.3.20|
|||Activity||||||
|Project gmnts||t'hantable||||248,805|59,789|
|InspirED Somerset||Charitable||||3,209|33,709|
|Arts Council
—Ignite Somerset||Chantable||||107,532|87,453|
|Equipment
and facility hire||Charitable||||1/64|6,344|
|Course and workshops||Charitable||||6,815|10,572|
|Commissions||Chantable||||23,075|28,680|
|Services||Charitable|||||316|
|||||||390 00|226 863|
##
##
|Other tradin|g
activities|||||
|---|---|---|---|---|---|
|||||319.21|31.3.20|
|Purchases||||1471|5,193|
|Staff costs||||~10 05|13,389|
|||||12076|18582|
|Costs oftrading activities||relate to the Engine Room cafih||||
|CHARITABLE ACTIVITIES COSTS||||||
||||Direct|Support||
||||Costs|costs|Totals|
|||||f,||
|Project costs|||105,882||105,882|
|Employment|costs||192,871||192,871|
|Establishment|costs||20,997||20,997|
|Repairs and|mamtenance||5,280||5,280|
|OfHce expenses|||10,560|13|10,573|
|Printing
postage and stationery|||2,484||2,484|
|Subscriptions|and donations||78||78|
|Cleanmg|||3,532||3,532|
|Bank charges|||317||317|
|Bad debts|||282||282|
|Travel and subsistence||||427|427|
|Advertising|and promotion|||15418|15,218|
|Legal and professional|||3,240||3,240|
|Depreciation|oftangible fixed assets|||7.723|71723|
|Indcpcndcnt|Examination|fcc||675|675|
|Sundnes
Accountancy|||~345 523|120
~5996
~30172|120
~5996
~375695|
##
##
##
##
||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
|Wages|and salaries||||9,487|11.959|
|Social|secunty costs||||1,020|1,113|
|Other pension costs|||||298|317|
||||||10 05|13389|
|The average
monthly||number ofemployees|during|the year was as follows:|||
||||||313.21|31.3.20|
|Trading|activities||||2|2|
|Charitable
activities|||||8|7|
||||||10|9|
|12.|COMPARATIVES FOR|COMPARATIVES FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
||INCOME AND ENDOIVMENTS FROM||||||
||Donations
and legacies|||8,333||8,333|
||Charitable
activities||||||
||Charitable|||212,004|14,859|226,863|
||Other trading activities|||12,664||12,664|
||Investment
income|||112||112|
||Total|||233,113|14,859|247,972|
||EXPENDITURE ON||||||
||Raismg funds|||18,582||18,582|
||Charitable
activities||||||
||Project costs|||72,943|8,606|81,549|
||Employmcnt
costs|||83,920|10,461|94,381|
||Establishment
costs|||13,318|960|14,278|
||Repairs and mamtenance|||943||943|
||Office expenses|||7,932|524|8,456|
||Printing
postage and stationery|||658|512|1,170|
||Subscriptions
and donations|||198||198|
||Cleaning|||2,577||2,577|
||Bank charges|||535||535|
||Bad debts|||1,662||1,662|
||Facilitator|||10,461||10,461|
||Travel and subsistence|||1,882|332|2,214|
||Advertising
and promotion|||4,030|500|4,530|
||Legal and professional|||193||193|
||Depreciation oftangible tixed assets|||5,134||5,134|
||Independent
Examination||fee|675||675|
||Accountancy|||6,667||6,667|
||Total|||232,310|21,895|254,205|
||NET INCOME/(EXPENDITURE)|||803|(7,036)|(6,233)|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought|fortvard||371,379|8,586|379,965|
##
##
##
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Total|
|||||funds||funds|funds|
|TOTAL FUNDS CARRIED FORWARD||||372.182||1 550|~373732|
|TANGIBLE FIXEDASSETS||||||||
|||Improvements||Fixtures||||
||Freehold||to|and||Computer||
||property||property|fittmgs||equipment|Totals|
|||||||f.|f|
|COST||||||||
|At
I April 2020
Additions
At 31 March 2021|466,368
~466368|~34810
~34 810||22494
22
94|229,097
~3703
~232 800||717,759
~38513
~756272|
|DEPRECIATION||||||||
|At
1 April 2020
Cllargc tor year
At 31March 2021|130,707
~134242|~1740
~1740||19455
473
~19828|227,017
~1975
~228 992||377,079
~7723
~384 802|
|NET BOOK VALUE||||||||
|At 31March 2021|332 126||33070|2466||3 808|371470|
|At 31 March 2020|~335 661|||2939||2 080|340 680|
|Included
within
the net book value|ofland and buildings|above isfNil (2020 —fNil) in respect||||offreehold|land and buildings|
|and f332,126(2020 —f335,661)in|respect of long leasehold||improvements.|||||
|DEBTORSr AMOUNTS FALLING DUE WITHIN ONE YEAR||||||||
|||||||319.21|31.3.20|
|Trade debtors||||||1411|12,189|
|Other debtors||||||5,465|136|
|Prepayments||||||1,185|1,617|
|Accrued income||||||~25
42||
|||||||~33703|~13 942|
##
##
##
##
|CREDIT|ORS: AMO|UNTS FALLING DUE WITHIN ON|E YEAR||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|Trade creditors|||||39dt73|6,955|
|VAT|||||3,140|3,660|
|Other creditors|||||479|604|
|Accrued
Deferred|expenses
income||||5349
~84 370
133 11|3,815
31,460
~46 494|
|Dcfcrrcd|income comprises thc balances below;||||||
||||Unrestricted|funding||36,687|
|BFIFilm|Club||Restricted||funds|8,408|
|BFIFilm|Academy||Restricted||funds|1,800|
|Petroc|||Restricted||funds|7,09S|
|Womad|||Restricted||funds|1,875|
|Cloth Workers Grant|||Rcstrictcd||funds|172|
|Cultural|Recovery||Restricted||funds|28,330|
|||||||84„370|
|MOVEMENT
IN FUNDS|||||||
||||||Net||
||||||movement|At|
||||At 1.4.20||in funds|31.3.21|
|Unrestricted
funds|||||||
|General
Property|fund
Assets Fund||36,518
~335661||42,952
~3*15|79,470
~332 126|
||||372,179||39,417|411,596|
|Restricted
funds|||||||
|Bridgv:atcr Togcthcr||Fund|181||(181)||
|Homes
in Sedgemoor||Capital Fund|313|||313|
|Somerset|Community|Foundation|147||(147)||
|Capturing|Camelot||876||(876)||
|Bullying Project
Capital Build
TOTAL FUNDS|||36
~1553
~373732||(36)
~25 842
~24 602
~64019|~25 842
~26 155
~437 751|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|General fund
Property
Assets Fund|||382,714|(339,762)
~3535)|42,952
~3535)|
||||382,714|(343497)|39,417|
|Restricted
funds||||||
|Bridgwater
Together||Fund||(181)|(181)|
|BFIFilm Academy|Fund||15,099|(15,099)||
|Somerset Community||Foundation||(147)|(147)|
|Capturing
Camelot||||(876)|(876)|
|Bullying Project||||(36)|(36)|
|Quartet Community||Foundation|4,637|(4,637)||
|Clothworkers
Foundation|||4,828|(4,828)||
|Same Difference|||200|(200)||
|Covid Recovery
Capital Build
TOTAL FUNDS|||18,470
~25 842
~69076
~451790|(18,470)
~44 474)
~337 771|~25 842
~24 602
~64 019|
##
||||Net|||
|---|---|---|---|---|---|
||||movement|At||
|||At 1.4.19|in funds|31.3.20||
||||f.|||
|Unrestricted
funds||||||
|General
fund
Property
Assets Fund||32,183
~339 196|4,335
~3535)|36,518
~335661||
|||371,379|800|372,179||
|Restricted
funds||||||
|Short Brcak Films||145|(145)|||
|Bridgwater
Together|Fund|377|(196)||181|
|Belonging
Fund||1|(1)|||
|Homes
in Sedgemoor|Capital Fund|313|||313|
|Somerset Community|Foundation|1,000|(853)||147|
|Capturing
Camclot|||876||876|
|Lottery Grant||2,450|(2,450)|||
|Public Health||4,300|(4,300)|||
|Bullying Project||~8586|36
~7033)|36
1,553||
|TOTAL FUNDS||379965|6 233|~373|732|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|Gcncral fund
Property
Assets Fund||233.113|(228,778)
~3535)|4,335
~3535)|
|||233,113|(232,313)||
|Restricted
funds|||||
|Short Break Films|||(145)|(145)|
|Bridgwatcr
Togcthcr|Fund|937|(1,133)|(196)|
|Belongtng
Fund|||(I)|(I)|
|Somerset Community|Foundation|4,980|(5,833)|(853)|
|Capturing
Camelot||8,487|(7,61 1)|876|
|Lottery Grant||(I)|(2,449)|(2,450)|
|Public Health
Bullying Project||456
14859|(4,300)
~420)
~21,892)|(4,300)
36
~7033)|
|TOTAL FUNDS||247 972|~254 205)|6 233|
##
||||Net|||
|---|---|---|---|---|---|
||||movement|At||
|||At 1.4.19|in funds|31.3.21||
||||f.|||
|Unrestricted
funds||||||
|General
fund
Property
Assets Fund||32,183
~339 196|47.287
~7070)|79,470
332 126||
|||371,379|40,217|411,596||
|Restricted
funds||||||
|Short Brcak Films||145|(145)|||
|Bridgwater
Together|Fund|377|(377||||
|Belonging
Fund||1|(I)|||
|Homes
in Sedgemoor|Capital Fund|313|||313|
|Somerset Community|Foundation|1,000|(1,000)|||
|Lottery Grant||2.450|(2,450)|||
|Public Health
Capital Build||4,300
~8586|(4,300j
25 842
~17569|~25
~26|842
155|
|TOTAL FUNDS||379965|57 786|437|751|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|Gcncral fund
Property
Assets Fund||615.827|(568,540)
~7070)|47,287
~7070)|
|||615,827|(575,610)|40,217|
|Restricted
funds|||||
|Short Break Films|||(145)|(145)|
|Bridgwatcr
Togcthcr|Fund|937|(1,314)|(377)|
|Belonging
Fund|||(I)|(I)|
|BFIFilm Academy|Fund|15,099|(15,099)||
|Somerset Community|Foundation|4,980|(5,980)|(1,000)|
|Capturing
Camelot||8,487|(8,487)||
|Lottery Grant||(I)|(2,449)|(2,450)|
|Public Health|||(4,300)|(4,300)|
|Bullying
Project||456|(456)||
|Quartet Community|Foundation|4,637|(4,637)||
|Clothworkers
Foundation||4,828|(4,828)||
|Same Diffcrcncc||200|(200)||
|Covid Recovery
Capital Build||18,470
~25 842
~83 935|(18,470)
~66366)|25 842
~17569|
|TOTAL FUNDS||699762|~641 976)|57 786|
##
##
##
##
##
##
##
##
##
##
##
##
##