Charity Re8istTrtion No. 1099983 Company Registrntion No. 04851119 (England and Wales) COMPASS COMMUNITY ARTS ANNUAL REPORT AND UNAUDtrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 'AAIZW348* 0911212021 COMPANIES HOUSE A12 #338 & COMPANY COMPASS COMMUNITY ARTS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs Heather Lynne Goddard Mr Roryjarman (Appointed 14 October 20201 Mr5 Kim Carmichael (Appointed 14 October 20201 Mr Jan Koops (Appointed 2 December 20201 Mrs Caroline Roxana Helen Minter (Appointed 14 July 20211 Ms Nicole Helene Ball (Appointed 14 July 20211 Ms Mary Lena Fox (Appointed 14 July 20211 Ms Jillian Carrington Burnet (Appointed 14 July 20211 Secretary Mr Alan Wenham Char•ty number 1099983 Company number 04851119 Registered office 32 Saffrons Park Eastlxjurne East Sussex 8N20 7UX Independent examiner G D Message ACA Price & Company 3[￿32 Gildredge Road Eastbourne East Sussex BN214SH COMPASS COMMUNifi ARTS CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheei Notes to the financial statemÈnts 8-16 COMPASS COMMUNITY ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual report and financial statements for the year ended 31 March 2021. The account5 have been prepared in accordance with the accounting policies set out in note I to the accounts and comply wtth the Charity's governing document. the Companies Att 2006 and -Accountin@ nd Reporting by Charities.. Statement of Recommended Praclice applicable to chartties preparinE their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021~ las amended for accountbng periods commencing from l JanLbary 20161 Objectives and activities The Charity's object5 are to use the arts to support. inspire and transform people's Itves through our direct work with participants and indirectly though the projects we design and deliver. Our aim 15 to enable individLtals to overcome barriets they face in leading full and satisfying INes. We do thi5 by providing arts based activits"e5 to suit the needs, interests and peT50nality of each individual and group. We believe that collaborative and panicipatory arts can support a person's personal development. boost their confidence and add￿5$ social stigma and isolation. By involving artists and volunteers in community events we want to build greater aWa￿nesS and understanding of social extlusion. The mairt objecDves for the year have been to provide a wider range of art5 and creative experiences to members of local communitie5 and especially to mafginalised groups and individual5. The report from the Chairrnan gives detai15 of the aclivitie5 Ihat have tsken place to achieve the objective5. The Trustee5 have paid due regard to guidance issued by the Charity Commission In deciding what activities the Charity should undertake. Achievements and performance Financial review We are conD"nuin8 to work towards our aim of obtainin8 long terrn funding for our project5. We are a small charity and apply for Brnnt5 from other charities for specific projects. The 8rants received are fully expended on projects and we are not able to build up larEe reseNe5. For the 2020-2021 financial year we have made good progress in attrading new sources of income. and are now more secure financially than in some previous years. The Trustees have assessed the major risks to which the Charity s exposed. and are satisfied that systems are in place to mitigate exposure to the rnajor risks. Structure. governance and management The Charity is a company limited by guarantee and it doe5 not have arry share capital. It is ￿giStered with the Charities Commission as a charity. COMPASS COMMUNITY ARTS TRUSTEES. REPORT (CONTINUED)IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees, who are also the directors for the purpose of company law, and who Served during the yeor and up to the date of signature of the financial statements were: MrAlan Wenham Mfs Heather Lynne Goddard Mr Brian O'Neil Mrs Valerie Abl Mr Norwin Abl Mr Rory larman Mrs Kim Carmichael Mr Jan Koops Mrs Caroline Roxana Helen Minter Ms Nicole Helene Ball Ms Mary Lena Fox Ms Jillian Carrin8ton Burnet {Resigned 22 September 20201 IResigned 22 Septernber 20201 Appointed 14 Ottober 20201 (Appointed 14 October 20201 (Appointed 2 December 20201 (Appointed 14 July 20211 {Appointed 14 July 20211 IAppointed 14 July 20211 (Appointed 14 July 20211 The regulations of the Charity provide that the Board of Truslee's may appoint a Trustee and that thF5 appointment is confirmed at an Annual General Meeting. None of the Trustees has any benefficial Inte￿$t in the cornpany. All of the Tru5tee5 are members of the company and guarantee to contribLFte £1 in the event of a winding up. The charity is a single organisation and there are no connected charities. Supplier payment poll¢v The company's current policy concerning the paymenl of trade credilors is to follow the C81.5 Prompt Payer5 Code (copies are available from the C81, Centfe Point. 103 New Oxford Slreet, London WCIA IDUI. The company's current poliry concerning the payment of trade Creditors is to= settle the terms of payment with supplier5 when ag￿eing the terms of each transaction- ensure ihat supplier5 are made aware of the terms of payment by inclusion of the relevant terms in contracts- and pay in accordance with the company's contractual and other tegal obligations. Chairman's Report Thi5 year the Charity ha5 had to operalre in ihe shadow of the Coronavirus pandemic and has met the considerable challenges it posed with flexibllity and ingenuity. The year began. and ended. in national lockdown5. In the first phase, from March-june 2020 we had to shut down all our usual 3Ctivitie5. In terms of governance. all Trustees. meetings, and later, the Annual General Meets. ng. had to be moved online. via Zoorn. A Covid-19 safety policy was drawn up in strict accordance with all government euidelines. and was stictly atlheied to. COMPASS COMMUNITY ARTS TRUSTEES, REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 In terms of our charitable objective. the first priority was to maintain lines of communication with our participants. An Initial assessment of need showed that many had high anxiety aljout Using any public transport. 20% had no digital access. 52% could not acce55 video links. many had physical or mental health challenges. 5% had a learning difference. and 2(N lived alone and had no face-to-face contact with anyone in the pandemic. The Artistic Oirector and the facilitators worked hard to establb5h links and provide continuity of contact through vi(leo. telephone contact. online meetings. postcard5, setting regular art ch3llen8es, in which people could participate ihrough whatever means they had available. In the summer Some outdoor activitie5 were resumed. under stritt Covid-19 safety conditions. In Langney Priory Garden- hand-loom weavin& m05aic creats"on. drawing, constnjcting a dye garden. as well as poetry group and a ¢onversation group. A C￿ative Writing Group was set up via Zoom. A further lockdown late in autumn meant a pause in activiiies. which offered an opportLsnity to refflect on what we had learned during the pandemi¢ $0 faf. A key piece of learning was that in the current situation, where many of our vulneiable participants either could not travel to our locations. or were loo afraid to do 50, we needed to go to where they were. where possible. Out of thi5 has grown the concept of Artwalks. I include below a summary from our Artistic Director.. 'The significant adaptation that Compass Community Arts has made since the outbreak of Covid19 is to move all delivery outdoors. 7 session5 a week. each with a focus on a different art form. These have been funded throughout the year by SEC Foundation. John Jackson Trust. Edwaid GosilinE Foundation. Yapp and Eastbourne Borough Council. Eastlxjume Hornes and ihe lo£al a￿3 panels. The outcomes have included sound recordings, film and printed rnaterial thèt have ihe potential to be adapted for marketing use and sales of merchandise 35 well as artwork exhibited in Morrison's. ELSTOAF fe5kn.val and The Gallery space that we have created at the Beacon Centre. Our aim is to develop walking as an art form in conjunction with existinE activities e.g. music, poetry. storytellin& textiles. drawing and sculpture at COMPASS. Moving outdoors we have increased our spread across Eastbourne to include Gildredge Park, the Seafront. Gather CornmurTrity Garden at the Churchdale Allotments. The Priory in Lan8ney, Hampden Park and Willingdon Trees Community Centre. In addition to Amberstone at Hellingly we have ￿Ceived invit#tions to go to Pevensey and Westham Forest Garden and Knockhatch. Hailsham. We have retained our stud￿9 space at St Elisabeth's Church. Community Arts Centre. Exhibitions. docufflentation and publishing help to give a focal point to ihe outcomes of ihe projects. They are the means of bringing the learning together through a memorable activity or event at the end of each enquiry of learning. They provide the parkncipants an opportltnity to develop a range of presentation and performance skills and give a real sense of d1￿C￿ton to the learning. They also provide quality assurance. Morrison's have been instrumental in enabling u5 to evidence the value of exhibitions by providing a gallery space in their Sto￿ and we have curated 8 group exhibitions and 2 5010 shows throughout the year and the success of these exhibitions has led to Morrison's rolling out the concept to other stores across the South of EnBland and selling some paintings. ￿her venue opportunities made available this year have been The Town Hall. The Welcome Centre. Knockhatch Adventure Park, The Hydro and Lansdowne Hoiels and Coop Funeral Care., It is anticipated that the Artwalks will remain a swdnificant feature of our provision well into the future. COMPASS COMMUNITY ARTS TRUSTEES. REPORT ICONTINUEDIIINCLUDING DIRE￿oR5, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Charity has coped well in countering the resignations of two trustees. for personal reasons. in September. recruiting three new mefflbe￿ to the Board of Trustees before the end of the yeai. and the process of recruitment is on8oing, leading to a newly strengthened Board to take Compass forward in the future. Another aid to future development wa5 the Evaluabon Report. commissioned at the October Annual General Meeting. whose findings offer valuable reflections on the many different ways we can evaluate our outcomes. and asses5 the extent to which we are meeting our objectives. In the face of this years, challenges. Compass has ￿SpOnded with resilience. shown its adaptability and is, I believe. well-placed to move forward, whatever the next few year5 may bring. I would like to express my thanks, for all their dedication and hard work ovef the past year to Fenya Sharkey. our Artistic Director, Lettie Hancock. our Administrator. and to all the artist facilttators, supporters and volunteers who make Compass what it is. Also. as Chairman. I must express my thanks to my fellow trustees. and in particular ouf sec￿tary. Alan Wenham, for his invaluable support and expertise in this challenging year. Our Tru5tees' report was approved by the Board of Trustees. r. Mrs Heather Lynne Goddard Director and Chairman Dated: 3 November 2021 COMPASS COMMUNITY ARTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMPASS COMMUNITY ARTS I report to the Trustees on my examination of the financial Statements of Compass Community Arts Ithe Charity) for the year ended 31 March 2021. Responsibililies and basis of report As the Trustees of the Charity land also its directors for the purposes of company lawl you are ￿SPOnSible for the preparation of the ffit)ancial statements in accordance with the ￿qUirementS of the Companies Act 2006 Ithe 2[￿ Act}. Having satisfied myself ihai the financial siatements of the Charity ore not required to be audited untler Part 16 of the 2006 Art and are Èligible for independent examinat40n. I report in respect of my examination of the Charity's ffinancial statements carrred out under section 145 ol the Charities Act 2011 (the 2011 Act). In carrying out my examinatiorb I have followed all the applicable Directions given by the Charity Commission under seuion 14515llbl of the 2011 Act. Indepèndent examiner's stattment I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material Tespect- etountinE records were noi kept in respect of the Charity as required by section 386 of the 2006 Act.. or the financial statements do not accord with those records: OT the financial statements do not comply with the accounts"n8 requirements of section 396 of the 2￿6 Act other than any requirement that the accounts give a true antl fair view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the method5 and pr4nciple5 of the Statement of Recommended Practice for accounting and reporring by charthes applicable to charities preparing their account5 in attordance with the Financial Aeponing Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial Statements to be reached. G D Message ACA Piice & Companv 30-32 Gildred8e Road Eastbourne East Su55ex BN214SH Dated.. 3 November 2021 COMPASS COMMUNrrY ARTS STATEMENT OF FINANCIAL A￿1vmE$ INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restrirted funds funds 2021 2021 Total Unre5trirted Restricted funds funds 2020 2020 Total 2021 2020 Notes In¢ome from: Donations and legacie5 15.468 14,047 29,515 850 5.602 6,452 Ex enditure on: Charitable activitie5 9,365 5.855 15.220 1.020 12.399 13,419 Net incoming/loutÈoinÈl resources before iransfefs 6.103 .192 14,295 11701 16.7971 16,9671 Gross transfers between funds 1.151 11.1511 Net incomellexpenditure) for the year/ Net movemerf in funds 7.254 7,041 14,29S 11701 16.7971 16,9671 Fund balances at l April 2020 977 5.061 1.147 10.881 12,028 Fund balances at 31 March 2021 8.231 11,125 19,356 977 4.084 5.061 The statement of financial activitie5 includes all gains and105ses recognised in the year. All income and expenditure derive from conD"nuing activites. The statement of financial activilies also complies with the requirements for an income and expenditure ccount under the Companies Act 2006. COMPASS COMMUNITY ARTS BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Current assets Debtor5 Cash at bank and in hand 377 20,348 i.oio 11,342 20.725 12.352 Credito￿. amounts falling due wirhin one year 11,3691 17,2911 Net current asset5 19.356 5,061 Income funds Restri£ted funds Unre5tricled funds io 11,125 8.231 4,084 977 19.356 5.061 The company is eniitled to the exemffjion from the audit requirement contained in section 477 of the Companies Act 2CK16, for the year ended 31 March 2021. The directors acknowledge their responsibilities ftsr complying with the requirements of the Companies Act 2CK)6 with respect to atcounting recofds and the preparation of financial 5taternents. The members have not reqUI￿d the company to obtain an audit of its financial statements for the year in question in accordance wrth secbon 476. These financial statemenis have been prepared in accordance wrth the provisions aPpI￿able to companies 5ubjecl to the small companies regime. The financial statements were approved by the Trustees on 3 November 20 Mrs Heather Lynne Goddard Trustee 31 ILI Company Re8lStraibon No. 04851119 COMPASS COMMUNITY ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 counting policies Charity information Compass Community Arts is a private company limited by guarantee incorporated in England and Wales. The registered office 15 32 Saffrons Park. Eastboufne. East Sussex. BN20 7UX. 1.1 Accounting convention The accounts have been prepared in accordance with the Chartty's Memorandum and Articles of Association. Ihe Companies Act 2(KJ6 and -Accounling and Reporring by Charities.. Statement of Recornmended Practice applicable to ¢haritie5 preparing their accounts in accordance with the Firbancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounts.ng periods commencing from l January 20161. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity ha5 taken advantage of the provision5 in the SORP for chèrtlies applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterlin& which 15 the functional cU￿n(¥ of the Charity. Monetary amounts these financial statements are rounded to ihe nearest £. The financial statements have been prepared under the historical cost convention. modified to include the revaluation of f￿ehOld properries and to include investment properties and ￿rtain financial instruments at farr value. The principal accounting polictes adopted are set out below. 1.2 Going contern At the time of approving the financial 5tsternents. the Trustees have a reasonable expectation that the Charity ha5 adequale resources to continue in operational existence for the foreseeable future. Thus the Trustees (￿tinUe to adopi the 8oing concern basis of accounting in preparin8 the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objeclive5. Restrided funds are subjett to specffic conditions by donor5 as to how they may be used. The purposes and uses of the iestricted funds a￿ set out in the notes to the financial statements. Endowment fund5 are subject to speciffic conditions by donors that the capital must be maintained by the Charity. 1.4 Income Income 15 recogni5ed when the Charity is le8alty entitled to it after any performance conditions have been rnet. the amounts can be measured reliably, and it is probable that income will be received. COMPASS COMMUNITY ARTS NofES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (Continued) Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 ￿cogniSed at the time ofthe donatson. Legacie5 are retognised on receipt or otherwise if the Charity has been notified of an Impending distribution, the amount Is known. and receipt is expetted. If the amount is not known. the legacy is treated a5 a contin8ent asset. Turnover 15 measured at the frdir value of the cot)sideration ￿ceiVed or receivable and represents amounts receivable for goods and services provided in the normal course of business. 1.5 EJ(penditUfe Liabilities are ￿CogniSed as soon as there is a legal or constructive obligation committing the charily to the expenditure. All expenditu￿ is accounted for on an accrua15 basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those cost5 incurred by the charity in the delNery of its activities and seThices for its beneficiarie5. It includes both costs that can be all¢xated directly to such activities and those costs of an indirect nature necessary to 5UPPOrt them. Support cosis include central funuions and have been allocated to activity cost caiegories on a basis con515tent with the use of resources. for example. allocating property cost5 by Iloor areas, or per capita, staff costs by the time spent and other costs by their usage. Recoverable arnount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market asse55ments of the tiffle value of money and the risks specific to the asset for which the ests"mates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carryrng amount, the carrying amount of the asset is reduced to its recoverable arnount. An impairment Ioss 15 recognised immediately in incomejlexpenditurel for the year. unle55 the relevanl asset 15 carried at a revalued mount. in which case the impaTrrment loss is treated as a revaluation decreèse. Recognised smpairment losses are reversed if. and only if, Ihe reason5 for the impairment 1055 have ceased to apply. Where an impairment Ios5 sub5equerttly reverse5. the carrying amount of the asset is increased to the revised estimate of its recoverdble amount, but so that the incfeased carrying èmount doe5 not exceed the carryin8 amount that would have been deterrnined had no impairment loss been recognised for the asset in prior yeor5. A reversal of an impairrnent loss is ￿COgnISed immediately, unless the relevant asset 15 carried in at a revalued amount, in which case the reversal of the impairment loss is treated 8$ a revaluation increase. COMPASS COMMUNITY ARTS NOTES TO THE FIP4ANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies {Continued) 1.6 Cash and cash equivalents Cash and cash equivalent5 include cash in hand. deposits held at call with banks. other short-term liquid inve5tment5 Wlth original maturities of three months or less. and bank ovefdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instrurnents The Charity has elected to apply the provisions of Sedion 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to èll of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the inmrument. Financial assets and liabilities are offset. wrfih the net amounts presented in the finantial st3tements, when there is a legally enforceable right to set off the recognised amounts and there ￿ an intention to settle on a net basi5 or to reali5e the 35set and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debt0￿ and cash and bank balance5. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effertive snterest method unless the arrangement constitutes a financing transaction, where the trnnsartion is measured at the present value of the future receipts discounted at a markel rate of interest. Financial assets classified as receivable wrfihin one year are not amofb"sed. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction prtce unless the arran8ement constitutes a financing trnnsaction. where the debt instrument is me3sured at the present value of the future payment5 discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt in5trurnents are subsequentfy carried at amorbsed c05t, using the effective interest rate method. Trade credilor5 are obligation5 to pay for Bood5 or service5 that have been acquired in the ordinary course of operations from 5upplrets. Amounts payable are tlasstfied as current liabilities if payment is due within one year or less. If not. Ihey a￿ presenled as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at arnortised cost using the effective interest method. ot￿C08n1t10n of financial liabilsties Financial liabilities are derecognised when the Chafiws contractual obligats'ons expire or are discharged or cancelled. io- COMPASS COMMUNITY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2021 Criti￿1 accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not iead41y apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ fmrn these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting e5tifflates are recognised in ihe period in which the estimate is revised where the revision affects only that period. or in the peiiod of the revision and future periods where the revision affects both current and future periods. Donaiions and legacies Unrestricted Restrirted funds funds 2021 2021 Total Unrestricted Restritted lund5 funds 2020 2020 Total 2021 2020 Donations and gifts Grants receivable 15,468 15.468 14.047 850 850 5.602 14.047 5.602 15,468 14.047 29.S15 850 5,602 6,452 li- COMPASS COMMUNITY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2021 Charitable adivities Projects General admin 2021 Total 2021 Proje£ts General admin 2020 Total 2020 2021 2020 Facilitators Materials and equipment Supervision fees Admin Insurance 11.265 791 11,265 791 80 1,880 566 278 10.605 1,967 10,605 1,967 220 220 1.880 566 278 104 163 104 163 Sundry 12.056 14.860 12,572 487 13,059 Share of governance costs (see note 51 360 360 360 360 12,056 3,164 15.220 12.572 847 13.419 Analysis by fund Unre5tricled furtds Restricted funds 8,051 4.￿5 1,314 1.850 9.365 5.855 173 12.399 1.020 12,399 12.056 3.164 15.220 12.572 13,419 Support Costs Support Governance costs costs 2021 Support Govemante costs casts 2020 Accountancv 360 360 360 360 360 360 360 360 An8lysed between Charitable activities 360 360 360 360 Governance costs includes payments to the accountants of £36012020- £3601 for accountancy fees. 12- COMPASS COMMUNITY ART5 NOTES TO THE FINANCIAL STATEMEKfs ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Trustees None of the Trustees lor any persons connerted with them) recerved any remuneration during the year and none were reimbursed any expense5 during the year12020- £Nil}. Employees The average rnonthly number of ernployees during the year was- 2021 Number 2020 Number Total There were no employees whose annual ￿MUner￿10ft was more than £60.CO). Debtor5 2021 2020 Amounts falling due within one year: Other debtors Prepayment5 and accrued incorne I,oio 377 377 i.oio Creditors: amounts falling due within one year 2021 2020 Accruals and deferred income 1.369 7.291 -13- COMPASS COMMUNITY ARTS NOTESTOTHE FINANCIAL STATEMENTS ICONTiNUEDI FOR THEYEAR ENDED 31 MARCH 2011 10 RestrSrtedlunds The income funds of cl￿11￿ ￿Clude re5tDned funds cornpriy￿ the Idtr*inB urexpethd balan￿5 of donaoons and yams held on trust fDI 5petific pU￿D5￿5.. ¥o¥•fflDfftlnlun05 Sch<￿5 Projeo Awèrds forAII Lotiery EBC Oe¥0￿ett Eg( Grant EastbourneStorytdler5 PerformingArts AT805 Appeal Duke ol DevonshireTruSt 541 541 1.552 541 1.552 9J 3( 455 141 320 7.2 15201 sio Dewonshiiewem 611 Local Edwa￿ Gostling FOu￿ationTr￿ Home5Artwalk5 John Jackson Chart Make li Happen PCC Su55ex 13ri)I io 13.9tsJl Irx) 4.875 997 7SD 63 99? 750 170} Tempa Arts YAPP lo.￿1 5.601 112.3991 14.047 11,125 ¢OMPAS5 COMMUNITY ARTS NOTESTOTHE FINANCIALSTATEMENT5 ICONTINUEDI FOR THE YEAR ENOED 31 MARCH 2011 ID Ae5trKtod lunds1canbnu￿j The 5chts)Is project rutrKred fund 15 for the Pro￿an and runnin& of knr $th0￿ art clubs fOLu5￿￿% fesiiva15, umdiill and tsutdoo￿. for at ri5k' children and fèmilie? at lo(31 Infaniandiunior5th The Awards lot è15 bttery ￿tr￿led fundnal tosts. COMPASS COMMUNifi ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 11 Analysis of net assets between fvnds Unwestricted Restricted funds nds 2021 2021 Total Unrestricted Restricted funds fund5 2020 2020 Total 2021 2020 Fund balances at 31 March 2021 are represented by.. Currenl assetsl 8.231 11.125 19,356 977 4.084 5.061 8,231 11.125 19,356 977 4,084 5,061 12 Related party transactioDs There were no disc105able relaied party transactions during the year12020- none). 16.