2021-03-31-accounts

		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	12
Statement ofFinancial Activities		13
Balance Sheet		14
Cash Flow Statement		15
Notes ln the Cash Flow Statement		16
Notes to the Financial Statements	17	to	27
Detailed Statement of Financial Activities	28	to	29

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	32,020	1,077,721	1,109,741	530,337
Other trading activities Investment income		3 4	5,339 2 067	44,959	50,298 ~2067	65,459 3 787
Total			39,426	1,122,680	1,162,106	599,583
EXPENDITURE ON
Raising funds				1,896	1,896	470
Charitable activities
Projects			106,722	600,329	707,051	748,633
Total			106,722	602,225	708,947	749,103
NET INCOME/(EXPENDITURE)			(67,296)	520,455	453,159	(149,520)
Transfers between funds		17	92250	~922503
Net movement in funds			24,954	428,205	453,159	(149,520)
RECONCILIATION OF FUNDS
Total funds brought forward			76,975	367,600	444,575	594,095
TOTAL FUNDS CARRIED FORWARD			101929	795 805	897734	444 575

		Balance Sheet 31March 2021
			2021	2020
		Notes	E	E
FIXEDASSETS
Tangible assets			59,308	67,543
CURRENT ASSETS
Debtors		13	14,401	13,456
Cash at bank and	in hand		~866 194	~386 558
			880,595	400,014
CREDITORS
Amounts falling due within one year		14	(42,169)	(22,982)
NET CURRENT ASSETS			~838426	~377032
TOTAL ASSETS	LESSCURRENT LIABILITIES		897,734	444,575
NET ASSETS			~897734	~444 575
FUNDS		17
Unrestricted funds			101,928	76,975
Restricted funds			~795806	~367600
TOTAL FUNDS			~897734	~444 575

					2021	2020	2020
				Notes	E	E
Cash flows from operating		activities
Cash generated from operations					~488945	~149	742)
Net cash provided by/(used	in) operating		activities		~488 945	~149	7'l2)
Cash flows from investing		activities
Purchase of tangible fixed assets					(11,619)	(8,711)
Sale oftangible fixed assets					2,043
Interest received					267		874
Net cash used in investing activities					~9309)	~7837)
Change in cash and cash	equivalents		in
the reporting period					479,636	(157,579)
Cash and cash equivalents		at the
beginning ofthe reporting		period			~386 558	544	137
Cash and cash equivalents		at the end	of
the reporting period					~866 194	~386	558

RECONCILIATION	OF NET	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	TO NET CASH FLOW FROM OPERATING	TO NET CASH FLOW FROM OPERATING
ACTIVITIES
				2021	2020
				E	E
Net income/(expenditure) for the reporting Statement ofFinancial Activities)			period	(as per the 453,159	(149,520)
Adjustments for:
Depreciation charges				17,812	18,346
Interest received				(267)	(874)
(Increase)/decrease	in debtors			(946)	7,846
Increase/(decrease)	in creditors			~19187	~25 540)
Net cash provided	by/(used	in) operations		~488 945	~149742)

ANALYSIS OF CHANGES IN NET FUNDS	ANALYSIS OF CHANGES IN NET FUNDS
		At 12820	Cash flow	At 31.3.21
		E	E
Net cash
Cash at bank and	in hand	~386558	~479 636	866 194
		~386558	~479636	~866 194
Total		386 558	~479 636	866 194

				2021I	2020I
Donations				25,346	33,059
GiR aid				274	256
Grants			1,045,066		493,726
HMRC employment		allowance		4,000	3,000
Other income				1,793	296
Government	grants			33262
			1	109 741	330337

	Non-Government grants re	ce	i	ved, inc	luded in the above, are as follows	. '
						2021	2020
						I	I
	Arts Council England					505,299	149,676
	East Sussex County Council,		Childrens		Services	8,000
	Sussex Community Foundation					3,620
	Rayne Foundation					25,000
	LLoyds TSBFoundation					33,000
	The Three Guineas Trust					162,475	68,000
	Paul Hamlyn Foundation					153,500	66,500
	Stlames's Place Foundation					5,000
	The Ernest Kleinwort Benson			Trust			5,000
	East Sussex County Council						8,000
	The Magdalen and Lasher Charity					4,000	3,500
	BBCChildren in Need					30,024	23,388
	Artworks Bridge					1,600	1,000
	The Drapers Charitable Trust						10,000
	The Chalk Hill Trust						5,000
	The 29 May 1961Charitable		Trust			4,000	4,000
	The National Lottery					44,548	126,262
	Hastings Enrichment Fund						6,400
	Arts Council England						1,000
	The Daytrippers Foundation						1,000
	The Sussex Community Foundation						5,000
	The Baily Thomas Foundation						10,000
	Esmee Fairbairn Foundation The Childwick Trust					60,000 ~5000
						2 043 066	403726
Government grants received, included				in the	above, are as follows:
						2021	2020
						E	E
	Covid Resilience					14,976
	Covid Infection Control					12,200
	Coronavirus Job Retention	Scheme				6086
						33262
3.	OTHER TRADING ACTIVITIES
						2021	2020
						E	E
	Fees Earned					46,279	64,660
	Sale of works					~4019	799
						50298	~65 459

4.	INVESTMENT INCOME
					2021	2020
					E	E
	Rents received				1,800	2,913
	Deposit account	interest			267	874
					~2067	~3787
	RAISING FUNDS
	Other trading	activities
					2021	2020
					E	E
	Participants artwork					228
	Materials				116
	Postage, printing	ik stationery			74	177
	Artists fees				1,702
	Sundry expenses					65
	Payment fes
					~1896	470
6.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 7)	Totals
				E	E	E
	projects			~595 360	~111691	707051
7.	SUPPORT COSTS
					Governance
				Management	costs	Totals
				E	E	E
	projects			~107011	~4680	~111691
	Support costs, included		in the above, are as follows:
					2021	2020
						Total
					projects	activities
					E	E
	Wages				52,963	44,575
	Social security				5,298	4,415
	Pensions				2,539	1,783
	Rent, utilities 8 insurance				11,665	10,761
	Telephone Binternet				1,928	1,333
	Postage Ir Stationery				4,369	3,940
	Travel 8 subsistence				141	829
	Repairs				21,445	7,592
	Bank charges				160	318
	Depreciation oftangible Auditors' remuneration		and heritage assets		6,503 ~4680	5,939 ~4500
					~111691	~85 985

			2021	2020
			E	E
Audit			2,340	2,250
Accountancy			2,340	2,250
Depreciation	—owned	assets	~17811	~18 346

STAF	F COSTS
		2021	2020
		E	E
Wages	and salaries	287,928	274,675
Social	security costs	27,649	20,394
Other	pension costs	~13167	~11013
		~328 744	~306082

The average	monthly	number	ofemployees	during the year was as follows:
					2021	2020
Programme	ILAdministration		staff		11	13

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
					E	E	E
	INCOME AND ENDOWMENTS			FROM
	Donations and legaaes				4,711	525,626	530,337
	Other trading activities Investment income				58,544 ~3787	6,915	65,459 ~3787
	Total				67,042	532,541	599,583
	EXPENDITURE ON
	Raising funds				470		470
	Charitable activities
	projects				74,882	673,751	748,633
	Total				~75 3'52	~673751	~749 103
	NET INCOME/(EXPENDITURE)				(8,310)	(141,210)	(149,520)
	Transfers between		funds		~17063)	~17063
	Net movement in funds				(25,373)	(124,147)	(149,520)
	RECONCILIATION	OF FUNDS
	Total funds brought		forward		102,348	491,747	594,095
	TOTAL FUNDS CARRIED FORWARD				~76 975	~367600	~444 575
12.	TANGIBLE FIXEDASSETS
						Fixtures
				Short	Plant and	and
				leasehold	machinery	fittings	Totals
				E	E	E	E
	COST
	At 1 April 2020			97,443		73,194	170,637
	Additions					11,619	11,619
	Disposals				~8165)	~35493)	~43 658)
	At 31 March 2021			~97 443	~8165)	49 320	1~38598
	DEPRECIATION
	At 1 April 2020			40,506		62,588	103,094
	Charge for year			7,715		10,096	17,811
	Eliminated on disposal				~7536)	~34079)	~41 615)
	At 31 March 2021			48 221	~7536)	~38 605	~79290
	NET BOOK VALUE
	At 31 March 2021			~49 222	~629)	~10 715	~59 308
	At 31 March 2020			~56937		~10 606	~67 543

13.	DEBTORS:AMOUNT	S F	ALLING DUE WITHIN ONE YEAR
				2021	2020
				E
	Trade debtors			6,772	9,459
	Prepayments and accrued		income	~7629	~3997
				14401	~13456
14.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				E	E
	Trade creditors			20,532	9,515
	Social security and other taxes			7,350	6,983
	Other creditors			3,607	1,984
	Accruals and deferred	income		~10680	~4500
				~42 169	~22 982

				2021	2020
				E	E
Within one year				17,500	17,500
Between	one and five years			70,000	70,000
In more	than five years			~85 247	~102747
				~172 747	190247
ANALYSIS OF NET ASSETS BETWEEN FUNDS
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E	E	E	E
Fixed assets		8,656	50,652	59,308	67,543
Current	assets	118,483	762,112	880,595	400,014
Current	liabilities	~25211)	~16958)	~42 169)	~22 982)
		~101928	~795 806	~897 734	~444 575

					Net	Transfers
					movement	between	At
				At 1.4.20	in funds	funds	31.3.21
				5	f	I	E
Unrestricted		funds
General Reserve	Designated		funds	36,332 ~40 643	(68,137) 840	76I,0BB ~18162	42,283 ~59 645
				76,975	(67,297)	92,250	101,928
Restricted funds
Capital				6,833	(7,165)	6,079	5,747
projects				140,850	161,470	76,903	379,223
National	Lottery
				66,281	3,470	(69,751)
Arts Council		- projects
				63,173	304,067	(95,481)	271,759
Big Lottery Fund Capital Grant Paul Hamlyn —projects				50,463 ~40 000	(5,558) ~64 172	~10000)	44,905 94 172
				~367600	~520456	~92 2SG)	~795 806
TOTAL	FUNDS			~444 575	~453 159		~897734

Net movemen	t in fun	ds, included in the above a	re as follows:
			Incoming	Resources	Movement
			resources 5	expended 5	in funds I
Unrestricted	funds
General Designated		funds	38,586	(106,723)	(68,137)
Reserve			840		840
			39,426	(106,723)	(67,297)
Restricted funds
Capital				(7,165)	(7,165)
projects			419,334	(257,864)	161,470
National Lottery
			44,547	(41,077)	3,470
Arts Council	—projects
			352,869	(48,802)	304,067
Big Lottery Fund Capital Grant				(5,558)	(5,558)
Paul Hamlyn	- projects		83,500	(19,328)	64,172
Arts Council Paul Hamlyn	—core —core		152,430 ~70000	(152,430) ~70000)
			I 122680	~602 224)	520 456
TOTAL FUNDS			1 162 196	~7999473	453 159

Compa	rativ		s for	movem	ent in f	unds
								Net	Transfers
								movement	between	At
							At 1.4.19	in funds	funds	31.3.20
								E	E.	E
Unrestricted			funds
General Reserve	Designated			funds			68,913 ~33435	(8,310)	(24,271) ~7208	36,332 ~40643
Restricted		funds					102,348	(8,310)	(17,063)	76,975
Capital							7,415	(6,849)	6,267	6,833
projects							95,598	4,775	40,477	140,850
National	Lottery
							46,584	29,378	(9,681)	66,281
Arts Council			- projects
							286,129	(202,956)	(20,000)	63,173
Big Lottery Fund Capital Grant							56,021	(5,558)		50,463
Paul Hamlyn			- projects					~40 000		~40 000
							491 747	~141210)	~17063	~367600
TOTAL	FUNDS						594 095	~149520)		444 575
Comparative			net movement		in funds,	included	in the above are as follows:
								Incoming	Resources	Movement
								resources	expended	in funds
									E	E
Unrestricted			funds
General	Designated			funds				67,042	(75,352)	(8,310)
Restricted funds
Capital									(6,849)	(6,849)
projects								190,103	(185,328)	4,775
National	Lottery
								126,262	(96,884)	29,378
Arts Council		—projects
									(202,956)	(202,956)
Big Lottery Fund Capital Grant									(5,558)	(5,558)
Paul Hamlyn			- projects					66,500	(26,500)	40,000
Arts Council		—core						~149 676	~149676)
								~532 541	~673 751)	~141210)
TOTAL	FUNDS							~599 583	~749 103)	~149520)

						Net	Transfers
						movement	between	At
					At 1.4.19	in funds	funds	31.3.21
					E	E	E	E
Unrestricted			funds
General	Designated			funds	68,913	(76,447)	49,817	42,283
Reserve					33435	840	~25 370	~59645
					102,348	(75,607)	75,187	101,928
Restricted		funds
Capital					7,415	(14,014)	12,346	5,747
projects					95,598	166,245	117,380	379,223
National	Lottery
					46,584	32,848	(79,432)
Arts Council			—projects
					286,129	101,111	(115,481)	271,759
Big Lottery Paul Hamlyn		Fund Capital Grant - projects			56,021	(11,116) ~104 172	~10000)	44,905 94 172
					~491 747	~379 246	~75 187)	795806
TOTAL	FUNDS				594095	~303639		897734

				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted		funds
General Designated			funds	105,628	(182,075)	(76,447)
Reserve				840		840
				106,468	(182,075)	(75,607)
Restricted	funds
Capital					(14,014)	(14,014)
projects				609,437	(443,192)	166,245
National Lottery
				170,809	(137,961)	32,848
Arts Council		—projects
				352,869	(251,758)	101,111
Big Lottery	Fund Capital Grant				(11,116)	(11,116)
Paul Hamlyn		- projects		150,000	(45,828)	104,172
Arts Council- Paul Hamlyn		core —core		302,106 70000	(302,106) ~70000)
				~1655221	~1275975)	~379246
TOTAL FUNDS				~1761689	~1458050)	~303639

		Detailed Statement o for the Year Ended	f Financial Activities 31March 2021
			2021I	2020 E
INCOME AND ENDOWMENTS
Donations and	legacies
Donations			25,346	33,059
Gift aid			274	256
Grants			1,045,066	493,726
HMRC employment		allowance	4,000	3,000
Other income Government grants			1,793 ~33262	296
			1,109,741	530,337
Other trading activities
Fees Earned Sale ofworks			46,279 ~4019	64,660 799
			50,298	65,459
Investment income
Rents received			1,800	2,913
Deposit account	interest		267	874
			2 067	3787
Total incoming	resources		1,162,106	599,583
EXPENDITURE
Other trading activities
Participants artwork				228
Materials			116
Postage, printing	8	stationery	74	177
Artists fees			1,702
Sundry expenses				65
Payment fes
			1,896	470
Charitable activities
Wages			234,965	230,100
Social security			22,351	15,979
Pensions			10,628	9,230
Artist fees			156,590	135,866
Artist planning/induction			4,723	8,487
Statf training			4,909	1,783
Production			23	303
Project evaluation			5,500	12,500
Archivist			6,416	7,929
Editing				2,000
Professional fees			6,077	12,590
Materials			17,974	19,171
Photography ik film			1,176	1,291
Carried forward			471,332	457,229

			for the Year Ended 31	March 2021
				2021	2020
				E	E
Charitable activities
Brought forward				471,332	457,229
Installation				780	315
Fees, submissions 82ait fairs				182	602
Exhibition costs					949
Equipment and venue	hire			265	1,090
Rent, utilities 8 insurance				23,739	22,787
Computer h website costs				9,161	9,369
Postage 82 stationery				69	230
Travel 82 subsistence				846	29,583
Events 82 conferences				750	4,920
Hospitality				1,316	3,102
Health 8 safety regulations				9,551	2,118
Repairs				8,836	3,821
Subscriptions				877	634
Venue hire				1,023	120
Miscellaneous				4,300	1,884
Technical support				570	5,220
Specialist support				9,838	15,488
Volunteer costs					83
Explorers partners				33,790	71,785
Fundraising				3,870	11,895
Claremont				529	2,660
Marketing				384	4,357
Short leasehold amortisation				5,558	5,558
Fixtures 82fittings depreciation Impairment losses for tangible		fixed	assets	5,751 ~2043	6,849
				595,360	662,648
Support costs
Management
Wages				52,963	44,575
Social security				5,298	4,415
Pensions				2,539	1,783
Rent, utilities 82 insurance				11,665	10,761
Telephone 8 internet				1,928	1,333
Postage 82 Stationery				4,369	3,940
Travel 82 subsistence				141	829
Repairs				21,445	7,592
Bank charges				160	318
Short leasehold amortisation Fixtures 82fittings depreciation				2,158 4 345	2,158 ~3781
				107,011	81,485
Governance costs
Auditors' remuneration				4 590	4 DDD
Total resources expended				709947	749 103
Net income/(expenditure)				453 159	~349 5202