| Page | ||||
|---|---|---|---|---|
| Trustees' | annual report (incorporating |
the | director's report) | |
| Independent Examiner's report to the |
members | 10 | ||
| Statement | offinancial activities (including | income and expenditure | ||
| account) | ||||
| Statement | offinancial position |
12 | ||
| Statement | ofcash flows | 13 | ||
| Notes tothe financial statements | 14 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | funds | funds f |
Totalfunds 6 |
Total funds F |
|||
| Income and endowments | |||||||
| Donations and legacies Charitable activities Other trading activities Investment income |
5 6 7 8 |
6,162 342,756 21,921 25 |
267,284 | 6,162 610,040 21,921 25 |
7,319 499,641 4,147 |
||
| Other income | 9 | 21,140 | 21,140 | 3,697 | |||
| Total income | 392,004 | 267,284 | 659,288 | 514,804 | |||
| Expenditure | |||||||
| Expenditure on raising funds Expenditure on charitable activities |
10 11 |
8,150 296,446 |
243,651 | 8,150 540,096 |
6,084 445,543 |
||
| Total expenditure | 304,596 | 243,651 | 548,246 | 451,627 | |||
| Net income and net movement | in | funds | 87,408 | 23,633 | 111,042 | 63,177 | |
| Reconciliation offunds | |||||||
| Total funds brought forward | 182,918 | 18,977 | 201,895 | 138,718 | |||
| Total funds carried forward | 270,326 | 42,610 | 312,936 | 201,895 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | ||||
| Fixed assets | ||||
| Tangible fixed assets | 18 | 224,224 | 198,088 | |
| Current assets | ||||
| Stocks | 19 | 721 | ||
| Debtors | 20 | 38,390 | 18,756 | |
| Cash at bank and in | hand | 245,994 | 178,488 | |
| 285,105 | 197,244 | |||
| Creditors: amounts | falling due within one year | 22 | 171,508 | 158,424 |
| Net current assets | 113,597 | 38,820 | ||
| Total assets less current liabilities | 337,821 | 236,908 | ||
| Creditors: amounts | falling due after more than one year | 23 | 24,885 | 35,013 |
| Net assets | 312,936 | 201,895 | ||
| Funds ofthe chai ity | ||||
| Restricted funds | 42,610 | 18,977 | ||
| Unrestricted funds |
270,326 | 182,918 | ||
| Total charity funds | 26 | 312,936 | 201,895 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Cash flows from operating | activities | ||||
| Net income/(expenditure) | 111,042 | 63,177 | |||
| Adjustments for: |
|||||
| Depreciation oftangible fixed assets |
12,980 | 14,510 | |||
| Other interest receivable and similar income | (25) | ||||
| Interest payable and similar |
charges | 1,413 | 666 | ||
| Accrued expenses/(income) | 13 | ||||
| Changes/n: | |||||
| Barstock for resale Trade and other debtors |
(721) .(18,630) |
703 6,465 |
|||
| Trade and other creditors | 17,184 | 86,202 | |||
| Cash generated from operations |
123,256 | 171,723 | |||
| Interest paid | (1,413) | (666) | |||
| Interest received | 25 | ||||
| Net cash from/(used in) operating activities |
121,868 | 171,057 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible assets | (39,115) | (5,348) | |||
| Net cash used in investing activities |
(39,115) | (5,348) | |||
| Cash flows from financing | activities | ||||
| Repayment of borrowings Proceeds from borrowings |
(15,247) | (13,757) 30,000 |
|||
| Net cash from/(used in) financing activities |
(15,247) | (16,243) | |||
| Net increase/(decrease) in |
cash and cash equivalents | 67,506 | 181,952 | ||
| Cash and cash equivalents | at beginning | ofyear | 178,488 | (3,464) | |
| Cash and cash equivalents | at end ofyear | 21 | 245,994 | 178,488 |
| Donations and legacies | |||||
|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Total | Funds | |
| Funds | 2022 | 2021 | |||
| E | E | ||||
| Donations | 6,162 | 6,162 | 7,319 | ||
| 6,162 | 6,162 | 7,319 |
| Charitable activities |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| E | E | E | E | ||
| Grants and contracts | 237,173 | 267,284 | 504,457 | 428,778 | |
| Fees for workshops, | classes and | ||||
| performances | 46,111 | 46,111 | 11,878 | ||
| Partnership income |
59,472 | 59,472 | 58,985 | ||
| 342,756 | 267,284 | 610,040 | 499,641 | ||
| Grants and contracts | analysis | Unrestricted | Restricted | Total Funds | Total Funds |
| Funds | Funds | 2022 | 2021 | ||
| F | E | E | |||
| Lancaster City Council - SLA | 12,100 | 12,100 | 12,100 | ||
| Lancaster City Council —Covid | |||||
| Business Support | 10,000 | ||||
| Arts Council England | —NPO | 107,552 | 107,552 | 107,552 | |
| Arts Council England | - Catalyst | ||||
| Arts Council England | —Covid | ||||
| Emergency | 11,273 | ||||
| HMRC Coronavirus | Job Retention | ||||
| Scheme | 7,071 | 7,071 | 64,521 | ||
| Cultural Recovery Fund |
95,450 | 95,450 | |||
| Garfield Weston Foundation Youth Music Fund 'C' Projects |
15,000 | 164,956 | 15,000 164,956 |
25,000 140,318 |
|
| Spirit of2012 | 56,436 | 56,436 | 38,056 | ||
| FC Scott Charitable | Trust | 14,192 | 14,192 | 5,808 | |
| Children in Need |
19,157 | 19,157 | |||
| Other grants and contracts | 12,543 | 12,543 | 14,150 | ||
| 237,173 | 267,284 | 504,457 | 428;778 |
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| E | E | |||
| Ticket sales Bartakings and merchandise Venue and equipment hire |
9,586 3,971 8,364 |
9,586 3,971 8,364 |
993 3,154 |
|
| 21,921 | 21,921 | 4,147 |
| Unrestricted | Total | ponds | Total | Funds | ||
|---|---|---|---|---|---|---|
| Funds | 2022 | 2021 | ||||
| E | ||||||
| Bank | interest | 25 | 25 |
| Unrestricted | TotalFunds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| E | E | |||
| Management, Sundry income |
service and technical fees | 17,425 3,715 |
17,425 3,715 |
2,275 1,422 |
| 21,140 | 21,140 | 3,697 |
| Unrestricted | Total | Funds | Total | Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | 2021 | |||||
| Staff Other |
costs fundraising |
costs | 8,150 E |
8,150 E |
E 32 6,052 |
||
| 8,150 | 8,150 | 6,084 |
| Expenditure on charitable |
activitie | s by fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| F | 6 | f | |||
| Freelance project workers | 92,450 | 22,457 | 114,907 | 43,383 | |
| Staff costs | 44,847 | 91,855 | 136,702 | 156,122 | |
| Hospitality costs | 5,634 | 1,950 | 7,584 | 1,120 | |
| Travel costs | 7,346 | 2,771 | 10,117 | 627 | |
| Technical and production | costs | 8,958 | 8,958 | 8,654 | |
| Other direct costs | 94 | 3,335 | 3,429 | 3,081 | |
| Support costs | 146,075 | 112,325 | 258,399 | 232,556 | |
| 296,446 | 243,651 | 540,096 | 445,543 |
| Analysis of | supp | ort costs | |||
|---|---|---|---|---|---|
| Total Funds | Total Funds | ||||
| 2022 | 2021 | ||||
| Staff costs | 150,460 | 133,294 | |||
| Premises costs | 31,527 | 31,811 | |||
| Communication, | ITand equipment | 9,213 | 9,526 | ||
| General office costs | 3,563 | 3,123 | |||
| Governance | costs | 22,570 | 27,829 | ||
| Publicity and | website costs | 9,121 | 5,651 | ||
| Depreciation | 12,979 | 14,510 | |||
| Consultancy | and | professional | fees | 13,840 | 3,571 |
| Other support | costs | 5,126 | 3,241 | ||
| 258,399 | 232,556 |
| Net income/(expenditure) | is stated | after charging/(crediting): | ||||
|---|---|---|---|---|---|---|
| 2022 f |
2021 r |
|||||
| Depreciation oftangible |
fixed assets | 12,980 | 14,510 | |||
| 14. | Independent examination |
fees | ||||
| 2022 | 2021 | |||||
| Fees payable to the inde pendent | examiner for:. | 5 | ||||
| Independent examination |
ofthe fiinancial statements | 1,248 | ||||
| Other financial services | 2,444 | |||||
| 3,692 | ||||||
| 15. | Staffcosts | |||||
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: | ||
| 2022 | 2021 | |||||
| 6 | ||||||
| Wages and salaries Social security costs |
280,567 15,917 |
285,244 16,757 |
||||
| Employer contributions | to | pension | plans | 8,142 | 8,279 | |
| 304,626 | 310,280 |
| funds off1,761 were held in a Bank. Tangible fixed assets |
separate Community |
Direct Plus Acc | ount with the C |
o-operative |
|---|---|---|---|---|
| Musical | Fixtures, | |||
| instruments | fittings and | |||
| Freehold | and | office | ||
| property f |
equipment | equipmentf | Total K |
|
| Cost | ||||
| At 1 April 2021 | 646,159 | 82,386 | 111,272 | 839,816 |
| Additions | 25,350 | 13,765 | 39,115 | |
| At 31 March 2022 | 646,159 | 107,736 | 125,037 | 878,932 |
| Depreciation | ||||
| At 1 April 2021 | 462,159 | 79,123 | 100,446 | 641,728 |
| Charge for the year | 4,000 | 1,735 | 7,245 | 12,980 |
| At 31March 2022 | 466,159 | 80,858 | 107,691 | 654,708 |
| Carrying amount |
||||
| At 31 INarch 2022 | 180,000 | 26,878 | 17,346 | 224,224 |
| At 31 March 2021 | 184,000 | 3,262 | 10,826 | 198,088 |
| 21. | Cash and cash equivalents | Cash and cash equivalents | |||
|---|---|---|---|---|---|
| Cash and cash equivalents | comprise the following: | ||||
| 2022 | 2021 | ||||
| 6 | |||||
| Cash at bank and in | hand | 245,994 | 178,488 | ||
| Bank overdrafts | |||||
| 245,994 | 178,488 | ||||
| 22. | Creditors: amounts | falling | due within one year | ||
| 2022 | 2021 | ||||
| 6 | F | ||||
| Bank loans and overdraRs. | 10,637 | 15,756 | |||
| Trade creditors | 22,166 | 3,204. | |||
| Accruals and deferred income | 132,735 | 134,057 | |||
| Social security and other taxes | 5,370 | 4,817 | |||
| Other creditors | 600 | 590 | |||
| 171,508 | 158,424 | ||||
| 23. | Creditors: amounts | falling | due after more than one year | ||
| 2022 | 2021 | ||||
| 8 | f | ||||
| Bank loans and overdrafts | 24,885 | 35,013 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | ||||
| At 1 April 2021 | 117,807 | 5,439 | ||
| Amount | released | to inc'ome | (117,807) | (5,439) |
| Amount | deferred | in year | 115,468 | 117,807 |
| At 31March 2022 | 115,468 | 117,807 |
| Unrestricted funds |
||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 April 2021 | Income | Expenditure | Transfers | 31March 2022 | ||
| 6 | F | E | 6 | |||
| Lancaster City Council- |
||||||
| SLA | 12,100 | (12,100) | ||||
| Arts Council England- | ||||||
| NPO | 107,552 | (107,552) | ||||
| Arts Council England- | ||||||
| Covid Emergency | ||||||
| Lancaster City Council- |
||||||
| Covid Business Support | ||||||
| HMRC Coronavirus | Job | |||||
| Retention Scheme | 7,071 | (7,071) | ||||
| Cultural Recovery Fund |
95,450 | (95,450) | ||||
| Garfield Weston | ||||||
| Foundation | 15,000 | (15,000) | ||||
| Fixed assets | 182,111 | (8,129) | 173,982 | |||
| Other general funds |
807 | 154,831 | (59,294) | 96,344 | ||
| 182,918 | 392,004 | (304,596) | 270,326 | |||
| At | At | |||||
| 1 April 2020 F |
Income | Expendituref | Transfers f |
31 March 2021 6 |
||
| Lancaster City Council- |
||||||
| SLA | 12,100 | (12,100) | ||||
| Arts Council England- | ||||||
| NPO | 107,552 | (107,552) | ||||
| Arts Council England- | ||||||
| Covid Emergency | 11,273 | (11,273) | ||||
| Lancaster City Council- | ||||||
| Covid Business Support | 10,000 | (10,000) | ||||
| HMRC Coronavirus | Job | |||||
| Retention Scheme | 64,521 | (64,521) | ||||
| Garfield Weston | ||||||
| Foundation | 25,000 | (25,000) | ||||
| Fixed assets | 191,231 | (9,120) | 182,111 | |||
| Other general funds | (75,143) | 86,776 | (10,826) | 807 | ||
| 116,088 | 317,222 | (250,392) | 182,918 |
| At | At | ||||
|---|---|---|---|---|---|
| 1 April 2021 f |
Income F |
Expenditure | Transfers | 31 March 2022 f |
|
| Donations . |
3,983 | (1,200) | 2,783 | ||
| Revenue grants Youth Music —Fund 'C' |
164,956 | (164,956) | |||
| Lancaster City Council | 5,000 | (5,000) | |||
| Spirit of2012 | 56,436 | (49,938) | 6,498 | ||
| FC Scott | 14,192 | (10,364) | 3,828 | ||
| DWP —Kickstarter | 5,543 | (5,543) | |||
| CVS | 2,000 | (2,000) | |||
| Capital grants | |||||
| Arts Council England | 8,273 | (2,757) | 5,516 | ||
| Youth Music | 4,662 | (949) | 3,713 | ||
| VO Skelton | 808 | (310) | 498 | ||
| West End Millom Spirit of2012 |
267 984 |
(115) (200) |
152 784 |
||
| Children in Need |
19,157 | (319) | 18,838 | ||
| 18,977 | 267,284 | (243,651) | 42,610 | ||
| At | At | ||||
| 1 April 2020 f |
Income F |
Expendituref | Transfers f |
31 March 2021 | |
| Donations | 5,000 | (1,017) | 3,983 | ||
| Revenue grants | |||||
| Youth Music - Fund 'C' | 1,611 | 140,318 | (138,977) | (2,952) | |
| Lancaster City Council | 2,000 | (2,000) | |||
| Spirit of2012 | 38,056 | (37,072) | (984) | ||
| FC Scott | 5,808 | (5,808) | |||
| Bay Medical Group | 2,000 | (2,000) | |||
| CVS | 5,000 | (5,000) | |||
| Duchy of Lancaster | 2,000 | (2,000) | |||
| Banks Lyon | 2,400 | (2,400) | |||
| Capital grsnls | |||||
| Arts Council England | 12,408 | (4,135) | 8,273 | ||
| Youth Music | 2,236 | (526) | 2,952 | 4,662 | |
| VO Skelton | 1,008 | (200) | 808 | ||
| West End Millom | 367 | (100) | 267 | ||
| Spirit of2012 | 984 | 984 | |||
| 22,630 | 197,582 | (201,235) | 18,977 |
| Unrestricted | Restricted | TotalFunds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||
| 8 | 6 | 6 | ||||
| Tangible fixed assets | 193,940 | 30,284 | 224,224 | |||
| Current assets | 164,661 | 120,444 | 285,105 | |||
| Creditors less than | 1 | year | (63,390) | (108,118) | (171,508) | |
| Creditors greater than | 1 year | (24,885) | (24,885) | |||
| Net assets | 270,326 | 42,610 | 312,936 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds f |
Funds 5 |
2021 6 |
||||
| Tangible fixed assets | 182,111 | 15,977 | 198,088 | |||
| Current assets | 92,892 | 104,352 | 197,244 | |||
| Creditors less than | 1 | year | (57,072) | (101,352) | (158,424) | |
| Creditors greater than | 1 year | (35,013) | (35,013) | |||
| Net assets | 182,918 | 18,977 | 201,895 | |||
| 28. | Analysis ofchanges | in net debt | ||||
| 1 Apr 2021 | Cash flows | 31Mar 2022 | ||||
| 5 | 6 | |||||
| Cash at bank and | in hand | 178,488 | 67,506 | 245,994 | ||
| Debt due within one year | (15,756) | 5,119 | (10,637) | |||
| Debt due after one | year | (35,013) | 10,128 | (24,885) | ||
| (127,719) | 82,753 | 210,472 |