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2021-03-31-accounts

			Page
Report ofthe Trustees			1-5
Examiners'	Report
Statements	of Financial	Activities
Balance Sheet
Notes to the	Financial Statements		9-14

		Unrestricted
		Funds	Restricted
	Notes	General	Funds		Total
		2021	2021		2021	2020
		E	E			F
INCOMING RESOURCES
Activities in furtherance ofthe
charity's objects:		46,859		801	47,660	52,120
Other Income		4,821			4,821	21
Investment income		97			97	153
TOTAL INCOMING RESOURCES		51,777		801	52,578	52,294
RESOURCES EXPENDED
Cost ofgenerating funds:
Fundraising and Publicity
Charitable expenditure:
Direct charitable expenditure	4	53,229		779	54,008	63,666
Management and Administration
ofthe Charity		7,318			7,318	5,214
TOTAL RESOURCES EXPENDED		60,547		779	61,326	68,880
NET INCOMING/(OUTGOING)		(8,770)		22	(8,748)	(16,586)
RESOURCES FOR THE YEAR BEFORE
TRANSFERS AND REVALUATIONS
Total funds brought forward at 1 April 2020		82,206	7,617		89,823	106,409
TOTAL FUNDS CARRIED FORWARD
AT 31 MARCH 2021		73,436	7,639		81,075	89,823

		Notes	2021	2020
FIXEDASSETS			E
Tangible Assets			11	10,326
CURRENT ASSETS
Debtors			6,835	3,108
Cash at Bank and	In Hand		80,879	82,489
			87,714	85,598
CREDITORS:
Amounts falling due within one year		10	(6,651)	(6,101)
NET CURRENT ASSETS:			81,063	79,497
NET ASSETS			81,074	106,409
UNRESTRICTED FUNDS
General Funds			73,436	82,206
RESTRICTED	FUNDS
Restricted Fund			7,639	7,617
			81,075	89,823

	Unrestricted	Restricted
	Funds	Funds
	2021	2021	2021	2020
	E		f
Studio rents	36,832		36,832	41,124
Members fees	10,016		10,016	10,515
Education fees received	10		10
We create Market		801	801
GASP				38
PAT Testing				443
	46,859	801	47,660	52,120
OTHER INCOME			2021	2020
				f
Sundry				21
Covid council grant			4,821
			4,821

DIRECT C	HARITABLE EXPENDITURE
		Unrestricted	Restricted
		Funds	Funds	Total
		2021	2021	2021	2020
		E		F	f
Studio manager		15,191		15,191	17,591
Bad debt w/o					1,168
We create Market			779	779
Ace expense		1,536		1,536
Lakeside					42
Open studios					76
Hampshire studios					300
GASP					88
Rent		9,192		9,192	9,192
Rates		551		551	1,376
Light and heat		8,676		8,676	9,489
Repairs and	maintenance	1,897		1,897	7,450
Cleaning		1,552		1,552	2,184
Depreciation	ofequipment	243		243	329
Leasehold write off		10,072		10,072	10,072
Subscriptions	and staff training				60
Insurance		4,319		4,319	4,249
Meeting costs
		53,229	779	54,008	63,666

MANAGE	M	ENT	AND ADMINISTRATION	OF THE CHARITY
				Unrestricted	Restricted	Total
				Funds	Funds	2021	2020
				F	f	F
Accountancy				300		300
Book-keeping				2,526		2,526	2,322
Consultancy		fee		220		220
Advertising	and marketing			900		900	889
Travel and subsistence							23
Telephone,	internet		and postage	2,616		2,616	1,533
Sundry expenses				42		42	149
Stationery				714		714	299
				7,318		7,318	5,214
						2021	2020
Staff Costs:						E	f.
Wages and		Salaries				15,706	15,706
Pension costs						(514)	1,885
						15,191	17,591

			2021	2020
Staff manager
OPERATING SURPLUS
The operating	surplus	is stated atter charging:
			2021	2020
			f
Accountancy			300
Depreciation	oftangible	fixed assets	10,315	10,401
Director's emoluments		and other benefits etc

TANGIBLE FIXEDASSETS
		Leasehold	Computer
	~tm	rnuemente	~Eui ment	~Eui	ment		Totals
					f
COSTNALUATION
At 1 April 2020		60,432	6,590		6,190		73,212
Additions
Disposals
At 31 March 2021		60,432	6,590		6,190		73,212
DEPRECIATION
At 1 April 2020		50,360	6,367		6,159		62,886
Charge for Year		10,072	222			21	10,315
On disposal
At 31 March 2021		60,432	6,589		6,180		73,201
NET BOOK VALUES
At 31 March 2021						10
At 31 March 2020		10,072	223			31	10,326

9.	DEBTORS
					2021	2020
					f	f
	Trade debtors - Members fees/rents outstanding				6,002	2,057
	Prepayments -service	plans such	as lift/alarm	maintenance	659	1,051
	Other debtors - PAYE				174
					6,835	3,108
	There were no amounts	falling due after more than one year.
10.	CREDITORS: AMOUNTS		FALLING	DUE WITHIN ONE YEAR
					2021	2020
					f	f
	Sundry creditors and accrued expenses				870	1,710
	Members returnable deposits				4,548	4,263
	Wages and PAYE				1,233	128
					6,651	6,101

11.	STATEMENT	OF FUNDS	OF FUNDS	Balance at ~1A 12020	Balance at ~1A 12020	Incoming Outgoing «R	Incoming Outgoing «R	Balance at 31 Mh ch 2021	Balance at 31 Mh ch 2021
					f	F		f
	Unrestricted Funds
	General funds				72,134	51,777	(50,475)		73,436
	Leasehold improvements				10,072		(10,072)
	Total Unrestricted		Funds		82,206	51,777	(60,547)		73,436
	Restricted Funds
	GASP				1,092		0		1,092
	Garden project				720		0		720
	APD				568		0		568
	We Create Market					801	(779)		22
	Lakeside				4,041				4,041
	6by4				1,196				1,196
	Total Restricted	Funds			7,617	801	(779)		7,639
	Total Funds				89,823	52,578	(61,326)		81,075
	ASSETSOF THE FUNDS
				Tangible
				fixed	assets	Assets	Liabilities	~To	al
						f		f
	Unrestricted General		Fund			83,166	(2,103)	81,075
	Restricted General	Fund				4,548	(4,548)
						87,714	(6,651)	81,075