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|---|---|---|---|---|
|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|
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||||||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|
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||||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|
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|||||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|
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|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|
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|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|
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|||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|
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|||Unrestricted|Total|ponds|Total|Funds|
|---|---|---|---|---|---|---|
|||Funds||2022||2021|
|||||E|||
|Bank|interest|25||25|||
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|||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|
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|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|
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||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|
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|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|
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|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|
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|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|
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||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|
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|||||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|
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