2022-03-31-accounts

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

		Unmslricted
		Funds	Restricted
	IUgtess	General	Funds			Ig(UI
		2022	ZIRZ				2022
		E			E		E
INCOMING RESOURCES
Activities In furtherance ofthe
chaflty's obJecls:		48,MO	160		48,820		47,880
Other Income		21				21	4,821
Investment income							97
TOTAL INCOMING RESOURCES		48,681	180		48,841		62,578
RESOURCES EXPENDED
Cost ofgenerating funds:
Fundreising and PubUdty
Charitable expenditure:
Direct charitable expenditure	4'	64,122			84,	122	54,008
Management and Administration
of the Charity	5	13,448			13,448		7,318
TOTAL RESOURCES EXPENDED		77,570			77,570		61,326
NET INCOMING/(OUTGOING)		(28,889)		160	(28,729)		(8,748)
RESOURCES FOR THE YEAR BEFORE
TRANSFERS AND REVALUATIONS
Tolal funds brought forward at 1 AprU 2021		73,436	7,639		81,075		89,823
TOTAL FUNDS CARRIED FORWARD
AT 31 MARCH 2022		44,547	7,799		52,348		81,075

		Sgjtrs	~2	2021
FIXEDASSETS			f	r.
Tangible Assets		8	7	11
CURRENT ASSETS
Debtors			1,966	8,836
Cash et Bank and	In Hand,		68,577	80,879
			60,543	87,714
CREDITORS:
Amounts falling due within one year		10	(8,204)	(6,651)
NET CURRENT ASSETS:			52,339	81,063
NET ASSETS			52,348	81,074
UNRESTRICTED FUNDS
General Funds		11	44,547	73,436
RESTRICTED	FUNDS
Restrlded Fund		11	7,799	7,639
			52,346	81,075

			Unrestricted	Restricted
			Funds	Funds
			2022	2022		2021
			8	f		6
	Studio rents		34,348		34,348	36,832
	Members fees		9,281		9,281	10,018
	Sale ofworks		614		614
	Education fees received					10
	We create Market					801
	40th Anniversary	fund	1,625		1,825
	GASP			160	160
	Studio project 1		2,534		2,534
	PAT Testing		357		357
			48,660	160	48,820	47,660
3.	OTHER INCOME				2022
					f	6
	Sundry				21
	Covld coundl grant					4,821
					21	4,821

				Unrestricted	Restricted
				Funds	Funds
					2022	2022	200
				f	8	f	f
	Studio manager			23,097		23,097	15,191
	Members artwork			319		319
	We create Market						779
	Ace expense						1,536
	40th anniversary	fund		5,042		6,042
	Studio 1 project			1,804		1,804
	Rent			9,687		9,587	9,192
	Rates			330		330	651
	Light and heat			8,653		8,653	8,676
	Repairs and maintenance			7,408		7,408	1,897
	Cleaning			3,016		3,018	1,552
	Depreclagon ofequipment			4		4	243
	Leasehold write off						10,072
	PAT testing			370		370
	Insurance			4,492		4,492	4,319
	Meeting costs
				84,122		64,122	54,008
5.	MANAGEMENT		AND ADMINISTRATION	OF THE CHARITY
				Unrestricted	Restricted	~T
				5tt rxfs	Fdfggff	~20	~202
				f	f		f
	Accountancy			330		330	300
	Book-keeping			2,346		2,346	2,526
	Consultancy fee			7,575		7,575	220
	Advertising and marketing			427		427	900
	Telephone, Internet		and postage	2,562		2,562	2,616
	Sundry expenses			85			42
	Stationery			123		123	714
				13,448		13,448	7,318
						2jj22	2021
	StafCosts:					2	8
	Wages and Salaries					22,919	15,706
	Pension costs					178	(514)
						23,097	16,192

	The average	weekly	number ofemployees	during the year, calculated	on the basis of full time equivalent.
					~02	~22
	Staff manager
Ek	OPERATING SURPLUS
	The operafing	surplus	Isstaled after charging:
					2QZZf	2021 f
	Accountancy				330	300
	Depreciation	of tangible fixe assets			4	10,315
	Directors emoluments		and other benefits	etc

TANGIBLE FIXEDASSETS
	Leasehold	Computer
		~Eui	men	~Eul			TgLais
			L'		f		f
COSTNALUATION
At 1 Aprfi 2021	60,432		6,590		6,190		73,212
Additions
ffisposals
At 31 March 2022	60,432		6,590		8,190		73,212
DEPRECIATION
At 1 Apnl 2021	60,432		6,589		6,180		73,201
Charge for Year						4	4
On disposal
At 31 March 2022	60,432		6,589		6,184		73,206
NET BOOK VALUES
At 31 March 2022						6	7
At 31 March 2021						10	11

9.	DEBTORS
	Trade debtors - Members fees/rents outstanding			(292)	6,002
	Prepayments - service plans such	as gfl/alarm	maintenance	579	669
	Other debtors —PAYE			1,679	174
				t,gee	6,835
	There were no amounts fslgng due after more than one year.
10.	CREDITORS: AMOUNTS	FALLING	DUE WITHIN ONE YEAR
				2022
				8
	Sundry credhors and accrued expenses			900	870
	Members retrsnebte deposits			6,888	4,548
	Wages and PAYE			416	1,233
				8,204	6,661

11.	STATEMENT	STATEMENT	OF FUNDS	OF FUNDS
					Balance st	Incoming		Outgoing	Balance at
								s
						F		f
	Unrestricted Funds
	General funds				73,436	48,681		(77,670)	44,547
	Leasehold	improvements						0
	Total Unrestricted			Funds	73,438	48,681		(77,670	44,647
	Restricted	Funds
	GASP				1,092		IBD		1,252
	Gsnfsn pm(ect				720				720
	APO				568				588
	We Create	Market			22				22
	Lakeside				4,041				4,041
	Buys				1,196				1,196
	Total Restricted		Funds		7,639		IBD	0	7,799
	TotalFunds				81,075	48,641		P7,570	52 346
	ASSETS	OF THE FUNDS
					Tangible
	Unrestricted	General		Fund		63,865		(1,316)	62,346
	Restricted General		Fund			6,888		(6,888)
					7	80,543		8,204	62,348