REGISTERED COMPANY NUMBER.. 04789736 (England and IAlales) REGISTERED CHARifi NUMBER.. 1102787 Re ort of the Trustee5 and Unaudited Financial Statements for thg Year Ended 31 March 2022 for Tha Pound Arts Trust Limited Mander Duffill Chartered Accountants The Post Office 4143 Market Pla Chippenham Wittshire SN15 3HR •ABJDJ42 2y12r2022 COIIPANIES HOUSE A27
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Tho Pound Trust Llmlted Contents of the Financial Statements for the Year Ended 31 Mareh 2022 Pag8 Roport of the Truste•s Independ•nt Examinef$ Report Stalement of Financial A¢tivitie$ Balance Sht 8 to 9 Notes to tho Flnandal Statements 10 to 16 Detailed Statement ol Financial Actlvlti•s 17 to 18
The Pound Arts Trust Llmlted Re ort of the Tru$t•es for th¢ Y•ar Endèd 31 March 2022 The trustees who are a150 directors of the charrty for the Purposes of the Companies Act 2006, present their report wilh the financial staternents of the charity for the year en(Jed 31 March 2022. The trustees havè adopted the provisions of Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordan with" the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effertive 1 January 20191. OBJECTIVES AND ACTNITIES Objectives and aims Our Mission Connecting peopk Ihrough 811vIlY. Our Values For the communibes in our region lo be engaged with bathIakIj artbslic experiences. gardleSS of Iheif background or CiTcumstances. To be a creative Caiatysl and a place of refuge, discovery and nourishment for ihe public and 8rlisls alike. To mainl8in and grow a sustainable na9ship arts provision across the region that acls as a model for excellenl work that engages the soul. stimulates Ihe mind and entertains the spiril of our c¢)mmunilies. Our Vlslon - Artistic Excèllence championed across a broa(J range of art foms Cre8llvity through developing and supporting artists S¢>¢ial Responsibikty by fostering respect for tliversity and communty cohesion Indusion ty stripping down barriers lo ergement Page 1
The Pound Arts Trust Limited RÈ ort of the Trustèes far thÈ Year Ended 31 Mareh 2022 OBJECTIVES AND ACTIVThIES Slgniflcant a¢tiviti*$ The Pound Arts Tnjst Limited ddivers more than 230 performances and films. 160 participatory arts events and a minimum of 8 exhibitions a year al The Pound arts centre and around 60 rural venues across Wiltshire and South Glouce51ershire. The Trust works in partnership with other arts Organisalions. hooLs & youth development agencies. local authorities, community groups. volunteers and funding bodies lo deliver a comprehensive annual arts programme across the county. in particular. with4n rural area5. The three strands within Pound Arts are.. The Pout)d acis as a hub for the arts in north Willshire aThJ is open 50 weeks of the year for up to 70 hours 8 week and programmgs more than 150 perfomiances and films, 120 partiapatory events and a minimum of 8 exhibitions a year. A provides performance. galkry. rehearsal and workshop spaces for both professional and community artists. It aLso houses Ihree residenl emerging artisls, in open sludios. and a programme of activity designed lo provide professional development for these artists and the region's wider artistic ommunity. It also provides support and a box office facility to a variety of arts organisalions an¢J events. Rural Arts Touring programrnes up to 100 perf0rrnan and 20 participatory arts events a year in up lo 60 villages across Wittshire and South Gloucestershire. This Work is predominantly music and theatre based although we occasionally programme comedyifilmlwsual arts. This work is produced in partnership with volunteer promolers in Ihe 60 wllage$. Festlvals. We operate kn¥0 festivals annually= Bluè Sky Fostival (June) in ¥thich we programme mainty free family-focussed evenls. concenlrating on music. crafts. theatre. theatre. comedy. visual arts and parhcipatory work. Workshop aclivity and work with local schools feature heavity in this festival. Magl¢ & Mayhem Festlval (November) in which we focus on Caba1. magic. mentslism, burl8soue, circus. Ihealre, vbsual arts, vintage, an¢J dance. Th8 events in this festsval tske place in a Variety of venues in and around Corsham, celebrating the historic nalure of the venues wlh performances and events. Both Festivals lake place inlarourKI Cor5ham in a variety of veniie5. As well as The Pound arts c8ntr8 we present work in Cor5ham Town Hall. St 8artholomew's Church. The Almshouses, Springfiehj Campus and olhers. We strive to use our Festsval work to widen the reach of our programme beyond known allenders of The Pound. Public b•n•fit When considefing the aims of the charity the trustees have had 8rd to the guidance issued by the Charity Commission on public benefrt. Page 2
The Poun Arts Trust Limited ort of the Trustees for the Year Ended 31 March 2022 ACHIEVEMENT AND PERFORMANCE Charitable activities Our missitrn is connecb.ng People Through Ctsativty. This is how we did this in 2021122. 2021122 saw us recovering from the impact of the Covid 19 Pandemic. The Pandemic has had a profound impact on both our industry and the community we serve. The wider picture in the industry has seen a dramati¢ fall In the number of people attending performances and participatory events. We are very pkased Ihal our own performance tells a drfferenl Story. afthough of course the impact has still been significant, especially in the c8pacily of the organisalion around areas like fundraising. which traditsonally underpin core activity. We have also continued lo deVelod strands of aclivily which became crucial during the pandemic such as digital work and work around using the arts lo support families in receipt of free school meab. The needs within our community have attered during the pandemic and we have worked hard lo pivot lo respond to these needs in 3 KK)silive manner. The Trust conlinved to deliver across the strands of work- The Pound Arts centre in Corsham, Rural Arts Touring in Willshire & South Gbuceslershire and two annual Festivals (Blue Sky Festival in earty summer & Magic 8nd Mayhem in November). 2021122 also marked Ihe end of our exlended fundin9 period with Arts Council England through ils Nabonal Porlfolio scheme. We are delighted to report Ihat we have been successful in applying lo be part of the next portfolio. securing funding until 2026, the kjngesl available funding. Our Performance work had many highlNJhls indu¢in9 perfomiances from class artists such as Cera Dillon, Douglas Dare, Lou Sanders. Kalherine Roberts & Sean Lakeman, DrJohn Cooper Clarke, Emily Barker and Sam Lee. We were aLso delighled lo have presented our longest ever run of a Christmas show The Snow B&ast by Scratchworks Theatre. Overall. we sokl 9811 tickets. Our Rural Touring programme was still severely impacted by the Pandemic. with a programme of smaller bespoke events rather than the full programme of activity we would normally offer. This work though had som8 noiable successès. including partnering with the National Rural Touiing Dance lniliab.ve to present some astounding work Iu1n9 Louder Nol Always Clearer by influential Dldeal company Mr & Mrs Clark. Our Creative Leaming work Continued lo erYJage kArge numbers of attendees140,110} across a range of art forms and piojecls. This includes provKling fooNJ and activty for free school meal children under the both the govemment's HAF scheme and our own project. This Interyenlion in our community represents an investment in those in our community who a in most negd. We conlinued lo offer artisls the opportunty lo work in residence in order lo produce work which then benefits the national and often inlemalional ecology. There were 18 such residencies in 2021122. We were also able to commission 8 new pieces of work ourselves. Our residencylartist devebpmenl programme is the most sonificant example in the area. Reduced staff capacity due lo the pandem saw us fall short of wr fundraising largel for the year, which had on impact on our end ol year position but lunding was achteved to SUPPK)rt work with yourrfJ people. health and wellbging work with okler people ano Ihe de¥ek)pment of a community garden. 2021122 was also 8 year which saw the organisatKJn drive hard towards achieving Net Zero as part of it's Environmental Action Plan. Pound Arts has Strong aims to be an exemplar model of such work and considerable developments happened this year whh will strerbglhen our w)sits'on in coming years. This includes energy saving work and the development of the community garO8n whh is already having an impact on the area and the Catering offer. Our work sees us work in partnership with many organisations (arts and non-arlsl and vohJnteers_ This year we worked with 215 volunleers for an eslimaled 5160 hours. The organisalion has 10 full time equivalent staff and continues lo punch above rts weight in providing a world cla5S. thriving offer to its communities. Page 3
FINANCIAL REVIEW Financial po$ition For the year ended 31 March 2022. the charity is reporting a def of £79,14212021." surplus of £147.668). Res•r¥es policy 11 is the policy of the charity that unSInC1ed funds which have not been designaled for a specific and arè readily converted to cash (free reserves) use should be maintsined at a level equivalent lo at least Ihree months running costs. At year end. free reserves were £91.213 and Ihe iarget level for reserves has been determined lo be around £70,000. The Truslees last reviewed this Folicy in February 2022 and agreed that this is still an appropriate level. The Tmstees nsider that reserves at this level will ensu that. in the event of a significant drop in funding. Ihey will be able lo continue the charity's CUent activities while Consideration is given lo ways in which additional fur$ may L raised. This vel of reserves has been maintained throughout Ihe year. Page 3
The Pound Arts Trust LSM ort of the Trust••s forthe Year Endèd 31 March 202 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by rts goveming dent. a deed of irusi. and consb"tuies a InIted company. limited by guaranlee, as defined by the Companies Act 2006. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04789736 (England and Wales) Registered Charity number 1102787 Registereql offi¢¢ The Pounij Arts Centre Pound Pill Corsham Willshire SN13 9HX Trustses J R Sanders Trustee Ireslgnefj 24.12.211 C Norman Trustee L F Brown Trustee K R Roynon Tiuslee S A Dawes Trustee E J Crarer Trustee E V Callerall Trustee A J Wallon Chair M Robertson Trustee A M Walters Trustee A H F Shepherd Truslee (appointed 24.12.21} Company Secretary DR Tunney Independent Examiner Mandec Duffill Chartefed ACuntantS The Old Post Office 41-43 Market Place Chippenham Wiltshire SN15 3HR Page 4
The Pound Arts Trust Limlted Re ort of the Tru5tee5 for tht Yèar Ended 31 March 2022 TREASURER'S REPORT 2021122 has been a year of recovery foHowing the significant impact of the Covid 19 pandemic on activities in 2020121. The incomè and expendifure in 2021122 therefo appear quite drfferent to the prior year, whh was a hKJhly unusual one due lo the significantly reduced ve1 of physical performances. The 2021122 accounts retlect the retufn of acttvities Ihrough increased box office and hire income. alihough box office income was not fulty back to pre-pandemic levels. Expenditure on funded projects akn therefore increased dnven by performer and artist lees. Other income in 2021122 was a one-off insurance claim receipt of £25.000. Grants income a150 reduced wmpare¢J to Ihe prior year. nots'ng thal the prior year included £55,000 Covid Fiecovery Fund income. As ¢Jes¢ribed above. reduced staff capacity had an impact on fundraising. The toial expendtiure includes depreciab.on of £43.209 lating to the leasehold improvemenls. The income for tho improvements has already been recognised in full in previous years therefore this contn'bules to the deficit in the CtlnI year of £79,142. The Trust conbnues to sel budgets based on a break*ven position. excluding depreciation and other Th)n-cash adjustments. Public fijnding of Ihe core activities of Ihe Tru51 has remained stable an¢Y Arts Council England funding has been secured unlit 2026. The Trust is very grnleful for the lunds received from Arts Council Engnd, Willshire Council and Corsh8m Town Council. as well as for all other funds it receives both public and wivate that enables Ihe organisation lo provK1e quality arts events for as many people as possible. Approved by order of tre board of trustees on . l L 21 - and signed on its behalf by.. A M Walters - Tr¥J5tee Pa9e 5
Ind nd nt Ex mln r's Re rt tothe Trustees of The Pound Art5 Trust Limited Independent exafflinerfs report to the trustees of The Pound Arts Trust Limited {Ihe Company'l I report to the tharity trustees on my examination of acccmjnts of the Company for Ihe year ended 31 March 2022. Responsibilities and basis of report As the charity's trusiees of the Company (and a0 ts directors for the purposes of company Lqw) you are responsible for Ihe preparalK)n of the accounls in aCCdan wilh the requirements of ihe Companies Acl 20061.the 21))6 Act'l. Having satisfied myseff that the ac¢ounts of the Company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independent examination, I repcyl in respect of my examination of your charitys accounts as carried out L%nder section 145 of the Charibes Act 2011 Ilhe 2011 Acl'l. In carrying out my examination I have folk)wed the Directtons given by the Charity Commission under section 145151 {bl of the 2011 Acl. Independent 8xamIne$ ststemènt Since your charity's gTOSS income exceeded £250,000 your examiner musl be a member of a listed body. I can confiim that l am qualified lo undertake the examination because l am a registered membe¥ of Inslilule of Chartered Accountants in En9land and Wales whh is one of the lisl8d bodies. I have completed my examinalws. I confirm that no mallers have come to my attentp)n in connection with the examination giving me cause to belie¥e-. accounling records were not kept in resp8¢t of Ihe Company as requwed by section 386 of the 2006 Acl.. or the accounts do not accord wilh tIse records.. LY the accounts tjo not comply with the accounting qUIrements ol section 396 of the 2006 Act other than any requirement thai the accounts give a true and fair view whFch is not a matter considered as part of an independent exan7inalion- OT the accounts have not been prepaTed in accordance wth the methods aThJ principks of the Statement of Recommended Practice for accounting and reports.ng by charities {appficabk to Charities pieparing their accounts in accordance wlh the Financbal Reporting Siandard applicabk in the UK and Republic of Ireland IFRS 1021). I have no concern5 and have come across no other malters in conneclion wth the examination to which attention should be drawn in this report in order to enable a w)per understanding of the accounts lo be reached. AJDaws Inslilute of Chartered Accountsnts in Englan¢J 8nO Wales Mander Duffill Chartered Accountsnts The Old Post Office 4143 Markel Place Chlppenham Vvillshire SN15 3HR 21 9£cik4Uer ZU22 Dale: Page 6
The Pound Arts Trust Limited StatÈmÈnt of Financial Activltlès for the Year Ended 31 March 2022 31.3.22 Total funds 31.3.21 Total funds Unreslricted funds Reslricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 5.836 5.836 124.143 Charitable activities Funders 153,381 28,579 181.960 270.229 Other Irading activiks Investrneni income Other cOMe 158,909 86 25,000 158.912 62,729 59 25,000 Total 343.212 28.$82 371.794 457.160 EXPENDITURE ON Funded projects 125.292 27.455 152,747 65,904 Ch•ritable activities Funders 500 Other 281.577 16.112 297.689 243,588 Total 407.369 43,567 450.936 309.492 NET INCOMEIIEXPENDITURE) 164.1571 114.985} 179,142) 147,668 RECONCILIATION OF FUNDS Total funds brought forwanl 472,197 20,459 492.656 344,988 TOTAL FUNDS CARRIED FORWARD 408.040 5.474 413.514 492.656 The notes fomi part of these financial ststements Page 7
Th Pound Arts Trust Llmlted Balance Sheet 31 March 2022 31 3.22 Total funds 31.3.21 Total funds Unrestricted funds Restricted funds FIXED ASss Tangible assets 316.827 316.827 357,826 CURRENT ASSETS Debtors Cash al bank and in hand 19.016 113.518 19,016 118.991 7,974 200,449 5.473 132.534 S.473 138.007 208,423 CREDITORS Amounts falling due wrthin one year 10 141.320) {41,3201 173,5931 NET CURRENT ASSETS 91.214 5.473 96,687 134.830 TOTAL ASSETS LESS CURRENT LIABILITIES 408,041 5.473 413,514 492,656 NET ASSETS 408.041 5.473 413,514 492,656 FUNDS Unrestricted ftjnds Reslricled funds 408.041 5,473 472,197 20,459 TOTAL FUNDS 413.514 492.656 The Charitable company is enlitkd to exemplion from audit under sect 477 of the Companies Acl 26 for th$ year ended 31 March 2022. The mèmbers have not required Ihe rnPany to obtain an audit of its financial stslemenls fcr the year ended 31 March 2022 accordance with Section 476 of the Companies Act 2(6. The trustees acknowledge their responsibilits.es for (al ensuring that the charrtable company keeps aco)unting reeords Ihat cornpty with Sections 386 and 387 of the Companies Act 2006 an Ibl preparing financi81 stslements which give è true and fair view of the stale of affairs of the charitsble company as at Ihe end of each ffinancial year and of its surplus or deficit lor each financial year in accordance with Ihe requiremenls of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 20( relatsng to financial stsiements. so far as applicable to the charitable company. The notes form part ofthese finanual statements Page 8 continued...
The Pound Arts Trust Limited Balance Sheet- Continued 31 March 2022 These financial stslements have been prepared in accordan wilh the provisions applKable to charitable companies subject lo the small companies regime. The finon¢ial statements were apwoved by the Board of Trustees and authorised for issue on . and were signed on its beha by.. alton Trustee A M Walters- Trustee The notes form part of these finanaal statements Page 9
Th• Pound Arts Trust Llmlted Notes to the Financial Ststements for the Year Endèd 31 March 2022 ACCOUNTING POLICES Basis of preparin9 the financial statements The financial statements of the chanlable company. whith is a public benefit entty under FRS 102, have been ppared in accoréance with the Charities SORP IFRS 1021 'Ac¢ounting and Reporting by Charities." Stalement of Recommended Pra¢D"ce applicable to charrt*s pparing their accounts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.. Financial Reporting Standard 102 'The Financial Reporting Slandard applic8ble In the UK and Republic ol Ireland. 8nd the Companies Act 2006. The financial stalemenls have been prepared under the hislorical cost conventn. Income All income is recognised in the Statement of Financial Activttses once the charity has entitlemeftt to the nds. it is probable that the trwme will be ¢erved and the amounl can be meaSud reliably. Expenditure Li8bililies are recognised as expen¢Jiture as soon as there is 8 legal or consinjctive obli9ation committing the charily to thal expenditure. il is probable that a transfer of enOMiC benefils will be required in seltkrnent and Ihe amount of the obligalion can be measuTed reliabty. Expenditu is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to Ihè category. Where costs cannot be diieclly attribLJted to particuLqr headings they have been allocat8d lo activities a basis consistent wilh the use of resources. Tanglble flxeé assets Depreciation is provi¢Yed at U)e followng annual rates in order to write off each asset over ils estimated useful lrfe. Improvements lo kasehold Fixtures, fittings and equipment Cornpuler equipment 10% on cost 20% on cost 25% on cost Taxation The charity is exempt from corporatim tsx on ils charitable activities. Fund accounting Unfeslricled funds can be used in accordance wilh the charilable objedives al the discretion of the Iruslees. Reslricled funds can onty be used lor parlicubr restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslricted purposes. Furtr+er expknation of the nature and purpose of each fund is inclucjed in the notes lo the financial slalèments. Pension costs and other po$t-retsr•ment benelits The charilable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme a charged lo the Stalement of Financial Activities in the period to whtch tY rèkt8. Page 10 continued...
The Pound Arts Trusl Limited Notes to the Financial Statements continued for the Yèar Endèd 31 March 2022 OTHER TRADING ACTNITIES 31.3.22 31.3.21 Box olfKe income Facility hire Gallery Sales 101,468 53,959 3,485 42,133 20,136 460 158.912 62.729 INVESTMENT INCOME 31.3.22 31.3.21 Deposit account interest 59 NET INCOMEIIEXPENDThUREI N8t incomel{expenditure} is stated after Chargin((ed1tiJ)'. 31 3.22 31.3.21 DepcIall0n - owned assets 43,475 43,551 INDEPENDENT EXAMINERS. REMUNERATION 31.3.22 31.3.21 Fees payablè to the L*aritYs independent examiners for the examination of the charity's financial Statements Accountancy 1,682 1,538 1.211 1.089 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunefatM)n or other beneffts for the year ended 31 Marth 2022 nor for the year ended 31 March 2021. Trustees, expenses There were no tfuslees, expenses paid for the year ent1ed 31 March 2022 nor lor Ihe year ended 31 March 2021. STAFF COSTS The average monthty number of employees during Ihe year was as follows". 31.3.22 31.3.21 10 Employeès No gmployees received emoluments in excess of £60.(KK). Page11 continued...
TheP Trust Limited Noltrs to Ih? Financial Statemen contlnued for the Year Ended 31 March 2022 TANGIBLE FIXED ASSETS FixtLJres. rrttings and equipment Improvements to leasehokl Computèr equipment Totals COST At 1 Apiil 2021 Addilions 432.088 79.266 1.172 1.896 512,526 2.476 At 31 March 2022 432.088 79.846 3.068 515.002 DEPRECIATION Al 1 April 2021 Charge for year 74.290 43,209 79.266 116 1,144 154,700 43.475 Al 31 March 2022 117.499 79.382 1,294 198,175 NET BOOK VALUE At 31 March 2022 314,589 1,774 316827 Al 31 March 2021 357.798 28 357.826 DEBTORS.. AMOUNTS FALLING DUE wifHIN ONE YEAR 31.3.22 31.3.21 Trade debtors Other debtors Prepayments 5.196 5.999 7,821 1.388 6.086 500 19.016 7.974 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31 3.22 31.3.21 Trade credito Social security and other taxes Accrued expenses 29,371 2,602 9.347 68.418 2.875 2,300 41,320 73.593 Page 12 continued...
Th• Pound Arts Trust Limlted Notes to the Financial Statement5 - continued forthe Year Ended 31 March 2022 11. MOVEMENT IN FUNDS Net movemenl in fvnds Transfers betsveen fttnds Al 31.3.22 At 1.4.21 Unre5trithd funds General fund Rural Arts T(ring 470,994 1,203 {64.156) 1.203 1,2031 408.041 472.197 {64.156) 408.041 Restricted funds Oan¢ing through time Silent Disco In Sessions Lottery Project Nallonal Rural Tour Fonjm PMLD Gostling Foundation Friends of the garden Unity Theatre Jack Lane Trust Free School Mgals Big Draw Spark 2022 Local Youth NeOrk Mothers Who Make Groun(Jwork Culture Welcomes Refugees 1.425 3.055 1.631 7.369 2.000 1.500 1.175 500 soo 892 412 {1.4251 {3.055) {1.631) {7,369) (2.000) {1.500) {1.175) 15001 15001 18911 14121 1.900 2.962 500 50 60 1,900 2,962 500 20.459 14,986 5,473 TOTAL FUNDS 492.656 9.142) 413.514 Pa9e 13 continued...
The Pound Arts Trust Liffli Notes to the Financial Statements - ¢ontinued for the Year Ended 31 March 2022 11. MOVEMENT IN FUNDS - continued Net movement iri funds, included in the al)ove are as follows.. Incoming resources Resources expended Movement in funds Unrstrthd funds General fund 343.212 (407.3681 {64.156) Restricted funds Danong through time Silent Disco In Sessions Lottery Projed National Rural Tour Forum PMLD Gostlin9 Foundat Friends of the garden Unity Theal Jack Lane Trusl Free School MeaL% Big Draw Spark 2022 Local Youth Nelwork Mothers Who Make Sustainability & Resilience Project Groundwork Culture Welcomes Refvgees FilmHub Cinema Irntsve Scheme 2.651 921 14,0761 13,9761 11,6311 17,3701 12,0001 11,5001 11,1751 15001 15001 {10.8911 17121 11.42SI 13,OSSI 11.631) 17,3691 12,0001 11,5001 11.1751 {5001 {500} {891 } {412) 1,900 2,962 10.000 300 4.250 500 11,288} 15,000) 1950) 60 1,999} 28,582 TOTAL FUNDS 371,794 450,936} 79.142} Page 14 continued...
The Pound Arts Twst Llmltsd 14ot•s to the Financial Statements - continued for thè Y•ar Ended 31 March 2022 11. MOVEMENT IN FUNDS - ¢ontinued Comparatives for movement in funds Net movement in funds Transfers beiween funds At 1.4.20 31.3.21 Unr•strict•d funds General fund Rural Arts Touring Renovations 306,662 1.203 37,123 70.852 93.480 470,994 1.203 37.1231 344.988 70,852 56,357 472,197 Re$tri¢ted fund$ Reriovations - Dancing through lime Silent Disco In Sessions Lottery Project National Rural Tour FonJm PMLD Goslling Foundat Friends of the garden Unity Theatre Jack Lane Trust Freo Sch¢)ol Meals Big Draw 61,502 16651 (61,5021 2,090 3,055 1.425 3,055 1,631 7,369 2,000 1,500 1,175 500 500 892 412 1.631 7.369 2.000 1.175 500 500 892 412 76,816 56.357 20.459 TOTAL FUNDS 344,988 147.668 492.656 Comparative net movement in fvjnds. included in the above are as folows.. Incomin9 resources Resources expended Movement in funds Unrostricted fund$ General fund 374.781 1303,929) 70.852 Ro$tri¢tod fvnds Renovations Dancing through b'me In Se$sn$ Lottery Proieet National Rural ToLsr Forum Vvill Lawton PMLD GostlirvJ Foundat Friends of the garden Unity Theatre Jack Lane Tnjsl Free School Meals Big Draw 61.502 61,502 16651 1,631 7,369 2,000 16651 17541 12,6861 2,385 10,055 50Q (S} 1.500 1,175 500 500 892 412 1,175 500 500 1,S12 750 16201 13381 82.379 76.816 TOTAL FUNDS 457.160 {309.492} 147,668 Page 15 continued...
The P¢)und Arts Trust Limited Notes to the Financial StatÈmÈnts . ¢ontinued for the Year Ended 31 March 2022 12. RELATED PARTY DISCLOSURES Pound Arts Trading Communty Inte$t Company is a company lirnf(ed by guarantee which has the fdlowing Irustees as directors.. K R Roynon A J Walton S A Dawes Recharged expenditu received of £5,866 12021.. £5.1721 and recharged purchases of £12.922 12021.. £3,154> were made to P04Jnd Arts Trading Community Interest Company during the year. Al the year end Pound Arts Trading Community Interest Company owed Pounds Arts Trust Ltd £5,702 12021.. £6.0861. No donations were received in the year12021- £3.125) from Pound Arts Trading Community Interest Company. Page 16
The Pound Arts Trust Liml etailed Statement of Finan¢tal Activities for the Year Endèd 31 March 2022 31.3.22 31.3.21 INCOME AND ENDOWMENTS Donations and l&gaci¢$ Donations Grants 5.720 116 33,382 ,761 5.836 124.143 Other trading activities Box office income Facility hire Gallery Sales 101,468 53,959 3.485 42,133 20,136 460 158.912 62.729 In¥e$tmtnt income Deposit account interest 86 59 Charitsble activitie8 Funders 181.960 270.229 Other income Insurance Claims 25.000 Total incoming rèsources 371.794 457.160 EXPENDITURE Expenditurè on activities. donations and legaci•s Performef and artists fees Gallery purchases Postage and stslFonery Sundries Creative leamin9 Film fees and expenses Marketing 129.310 2.207 52.318 1,043 556 4,595 860 753 6,613 4,370 5.497 147.997 6Q.136 Charftable a¢¢lvRles Donation to charily 500 Support costs Finance Booking and b8nk charges 8.327 8,370 Govemance costs Wages Pensions Carried fOard t83,(8 2.1 185.969 145,957 2.888 148.845 This page does not foTrn part of the statutory financial statements Page 17
The Pound Arts Trust Llmfited Dèlailed Statement of Financial Actlvitle$ for th• Yèar Ended 31 March 2022 31.3.22 31.3.21 Govèrnancè costs Brought YOard Independent examinalion fee Accountancy Rates and water Insuran Light and heal Telephone 185,969 1,682 1,538 3,714 2,189 15,133 1,682 148.845 1.211 1.089 3.444 1.898 9.412 1.239 L il Postsge and stslionery Sundries Marketing Administrative expenses Computer costs Staff and trustee tratning Subscriplions Repairs and renew815 Depreciab'on of tsngIb fixed assets 1,123 8.366 9.228 2.212 4,499 1.921 998 10,383 43.475 626 5,277 5,597 1.521 2.350 577 6.478 7,872 43,550 294.112 240,986 Total resources exFende 450.936 309,492 Net lexpenditureifincome 79.142) 147.668 This page does not form part of the statutory finanaal statemen15 Page 18