| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | ||
| independent examiner's report to the |
trustees | ||||
| Statement offinancial activities | (including | income and | |||
| expenditure account) |
|||||
| Statement offinancial position |
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| Notes to the financial statements | 10 |
| Registered | charity | name | name | LymeArts | Community | Community | Trust Ltd | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1103599 | ||||||||
| Company | registration | number | 04654247 | |||||||
| Principal office and | registered | Timberly | ||||||||
| office | South Street | |||||||||
| Axminster | ||||||||||
| Devon | ||||||||||
| EX135AD | ||||||||||
| The trustees | ||||||||||
| N Clegg | ||||||||||
| D Edwards | Resigned | January 2021 | ||||||||
| P Edmonds | ||||||||||
| TBlech | ||||||||||
| D Harraway | ||||||||||
| N Kulik | Resigned | January 2021 | ||||||||
| D Lawrance | ||||||||||
| J Murphy | ||||||||||
| M Thomas | Appointed | June | 2020 | |||||||
| Independent | examiner | Mr SJ Carrington | (FCA) | |||||||
| For and on behalf | of | Thomas Westcott Chartered | Accountants | |||||||
| Timberly | ||||||||||
| South Street | ||||||||||
| Axminster | ||||||||||
| Devon | ||||||||||
| England | ||||||||||
| EX135AD |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Note | funds E |
funds f |
Total funds | Total funds E |
||
| Income and endowments | ||||||
| Donations and legacies |
5 | 201,043 | 20,485 | 221,528 | 118,016 | |
| Charitable activities |
6 | 12,028 | 12,028 | 208,391 | ||
| Other trading activities |
7 | 2,794 | 2,794 | 112,840 | ||
| Investment income |
8 | 29 | 29 | 89 | ||
| Total income | 215,894 | 20,485 | 236,379 | 439,336 | ||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Costs ofother trading | activities | 9 | 4,286 | 4,286 | 39,273 | |
| Expenditure on charitable |
activities | 10 | 139,521 | 139,521 | 315,696 | |
| Total expenditure | 143,807 | 143,807 | 354,969 | |||
| Net income | 72,087 | 20,485 | 92,572 | 84,367 | ||
| Transfers between funds |
9,993 | (9,993) | ||||
| Net movement in funds |
82,080 | 10,492 | 92,572 | 84,367 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward | 332,243 | 133,394 | 465,637 | 381,270 | ||
| Total funds carried forward | 414,323 | 143,886 | 558,209 | 465,637 |
| 31 March | 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | E | ||||
| Fixed assets | |||||
| Tangible fixed assets | 16 | 409,426 | 413,536 | ||
| Investments | 17 | 2 | 2 | ||
| 409,428 | 413,538 | ||||
| Current assets | |||||
| Stocks | 18 | 300 | 3,578 | ||
| Debtors | 19 | 15,108 | 4,625 | ||
| Cash at bank | and in | hand | 20 | 160,021 | 69,241 |
| 175,429 | 77,444 | ||||
| Creditors: amounts | falling due within one year | 21 | 26,648 | 25,345 | |
| Net current assets | 148,781 | 52,099 | |||
| Total assets | less current liabilities | 558,209 | 465,637 | ||
| Net assets | 558,209 | 465,637 | |||
| Funds ofthe charity | |||||
| Restricted funds | 143,886 | 133,394 | |||
| Unrestricted | funds | 414,323 | 332,243 | ||
| Total charity | funds | 22 | 558,209 | 465,637 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds f |
Funds F |
2021 F |
||
| Donations | ||||
| Donations | 11,724 | 11,724 | ||
| Friends membership | 1,975 | 1,975 | ||
| Grants | ||||
| Lyme Regis West Dorset |
Town Council District Council |
22,000 6,938 |
22,000 6,938 |
|
| Dorset Leader | ||||
| Arts Council | 85,000 | 85,000 | ||
| Tech Grant | 4,000 | 4,000 | ||
| Community | Play Grant | 16,485 | 16,485 | |
| Covid Support Grants | 73,406 | 73,406 | ||
| 201,043 | 20,485 | 221,528 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds f |
2020 | ||
| Donations | ||||
| Donations | 29,086 | 29,086 | ||
| Friends membership | 8,152 | 8,152 | ||
| Grants | ||||
| Lyme Regis | Town Council | 15,000 | 15,000 | |
| West Dorset | District Council | 6,938 | 6,000 | 12,938 |
| Dorset Leader | 39,340 | 39,340 | ||
| Arts Council | 13,500 | 13,500 | ||
| Tech Grant | ||||
| Community | Play Grant | |||
| Covid Support Grants | ||||
| 59,176 | 58,840 | 118,016 |
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds F |
2021 f |
Funds F. |
2020 | |||
| Theatre | hire | 750 | 750 | 9,199 | 9,199 | |
| Theatre | events | 11,278 | 11,278 | 191,773 | 191,773 | |
| Other | 7,419 | 7,419 | ||||
| 12,028 | 12,028 | 208,391 | 208,391 |
| Unrestricted | TotalFunds | Unrestricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds f |
2021 f |
Funds f |
2020 f |
|||||
| Bar and coffee bar sales | 2,178 | 2,178 | 90,890 | 90,890 | ||||
| Brochure advertising | 616 | 616 | 2,840 | 2,840 | ||||
| Sponsorship | 4,500 | 4,500 | ||||||
| Weddings | 14,610 | 14,610 | ||||||
| 2,794 | 2,794 | 112,840 | 112,840 | |||||
| 8. | Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds f |
2021 | Funds | 2020 | |||||
| Bank interest | receivable | 29 | 29 | 89 | 89 | |||
| 9. | Costs ofother trading activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| 4,286 | 4,286 | 39,273 | 39,273 | |||||
| 10. | Expenditure | on charitable | activities | by activity type | ||||
| Activities | ||||||||
| undertaken | Total funds | Total fund | ||||||
| directly Support costs f f |
2021 f |
2020 f |
||||||
| Direct costs | 135,606 | 3,915 | 139,521 | 315,696 | ||||
| 11. | Analysis ofsupport costs | |||||||
| Unrestrictedf | Total 2021 f |
Total2020 f |
||||||
| Finance costs | 147 | 147 | 133 | |||||
| Governance | costs | 1,961 | 1,961 | 3,876 | ||||
| Advertising | and PR | 1,807 | 1,807 | 12,386 | ||||
| 3,915 | 3,915 | 16,395 |
| 12. | Net income | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is stated | after | charging/(crediting): | ||||||||
| 2021 f |
2020 f |
|||||||||
| Depreciation oftangible |
fixed assets | 4,306 | 13,181 | |||||||
| 13. | Independent examination |
fees | ||||||||
| 2021 f |
2020 | |||||||||
| Fees payable tothe independent Independent examination ofthe |
examiner for: financial statements |
1,750 | 1,700 | |||||||
| 14. | Staff costs | |||||||||
| The total staff costs | and | employee | benefits for | the reporting period are analysed as follows: |
||||||
| 2021 f |
2020 | |||||||||
| Wages and salaries Social security costs |
89,403 7,208 |
113,197 7,088 |
||||||||
| 96,611 | 120,285 | |||||||||
| The average head |
count | of employees | during | the year was 7(2020:7).The average | number of |
|||||
| full-time equivalent | employees | duding the year | is analysed as follows: | |||||||
| 2021 | 2020 | |||||||||
| No. | No. | |||||||||
| Number ofstaff | 5 | 5 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Freehold | Property | Fixtures and | ||
| property f |
mprovements | fittings | Total F |
|
| Cost | ||||
| At 1 April 2020 | 250,000 | 177,493 | 60,905 | 488,398 |
| Additions | 9,548 | 9,548 | ||
| At 31 March 2021 | 250,000 | 187,041 | 60,905 | 497,946 |
| Depreciation | ||||
| At 1 April 2020 | 24,254 | 54,273 | 78,527 | |
| Charge for the year | 5,687 | 4,306 | 9,993 | |
| At 31 March 2021 | 29,941 | 58,579 | 88,520 | |
| Carrying amount |
||||
| At 31 March 2021 | 250,000 | 157,100 | 2,326 | 409,426 |
| At 31 March 2020 | 250,000 | 147,552 | 6,632 | 404,184 |
| Investments | ||
|---|---|---|
| Shares | in | |
| gl'oup | ||
| undertakings | ||
| Cost orvaluation | ||
| At 1 April 2020 and 31 March 2021 | ||
| Impairment | ||
| At 1 April 2020 and 31 March 2021 | ||
| Carrying amount |
||
| At 31 March 2021 | 2 | |
| At 31 March 2020 | 2 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | |||||
| Raw | materials | and | consumables | 300 | 3,578 |
| Yea | r ended 31 | March | 2021 | ||
|---|---|---|---|---|---|
| 19. | Debtors | ||||
| 2021 | 2020 f |
||||
| Trade debtors | 12,868 | 4,625 | |||
| Prepayments | and accrued income | 2,220 | |||
| Other debtors | 20 | ||||
| 15,108 | 4,625 | ||||
| 20. | Cash and cash equivalents | ||||
| 2021 | 2020 | ||||
| 6 | |||||
| Cash at bank | and in hand | 160,021 | 69,241 | ||
| 21. | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| Trade creditors | 24,148 | 18,537 | |||
| Accruals and | deferred | income | 2,500 | 3,000 | |
| Social security and other taxes | 1,108 | ||||
| Other creditors | 2,700 | ||||
| 26,648 | 25,345 |
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | 31 March 202 | ||||||
| 1 | April 2020 | Income | Expenditure | Transfers | 1 | ||
| 6 | E | 6 | E | 6 | |||
| General | funds | 332,243 | 215,894 | (143,807) | 9,993 | 414,323 | |
| At | |||||||
| At | 31 March 202 | ||||||
| 1 | April 2019 | Income | Expenditure | Transfers | 0 | ||
| 6 | 6 | 6 | |||||
| General | funds | 297,091 | 380,496 | (354,969) | 9,625 | 332,243 |
| Restricte | d funds | ||||||
|---|---|---|---|---|---|---|---|
| At | |||||||
| At | 31 | March 202 | |||||
| 1 | April 2020 | Income | Expenditure | Transfers | 1 | ||
| F | F | ||||||
| Property | improvements | 133,394 | 20,485 | (9993) | 143886 | ||
| At | |||||||
| At | 31 | March 202 | |||||
| 1 | April 2019 | Income 6 |
Expenditure E |
Transfers f |
0 f |
||
| Property | improvements | 84,179 | 58,840 | (9,625) | 133,394 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestdicted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 6 | E | 6 | ||
| Tangible fixed assets | 265,540 | 143,886 | 409,426 | |
| Investments | 2 | 2 | ||
| Current assets | 175,429 | 175,429 | ||
| Creditors less than | 1 year | (26,648) | (26,648) | |
| Net assets | 414,323 | 143,886 | 558,209 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| F | E | |||
| Tangible fixed assets | 280,142 | 133,394 | 413,536 | |
| Investments | 2 | 2 | ||
| Current assets | 77,444 | 77,444 | ||
| Creditors less than | 1 year | (30,345) | (30,345) | |
| Net assets | 327,243 | 133,394 | 460,637 |