2022-03-31-accounts - The Spark Arts For Children

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Contents ofthe Financial Statements	Contents ofthe Financial Statements
For The Year Ended 31stMarch 2022
			Page
Report ofthe Trustees		1	to	8
independent Examiner's	Report
Statement ofFinancial	Activities		10
Balance Sheet
Cash Flow Statement			12
Notes to the Cash Flow	Statement		13
Notes to the Financial Statements		14	to	21
Detailed Statement ofFinancial Activities		22	to	23

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	fund	fimds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			269,417		269,417	155,476
Charitable activities
Charity Activities			19,647	315,321	334,968	188,005
Other trading activities Investment income			32,003 32	68,625	100,628 32	32,062 420
Other income						30,797
Total			321,099	383,946	705,045	406,760
EKPENDITURE ON
Raising funds			18,510		18,510	18,150
Charitable activities
Charity Activities			58,989	353,729	412,718	174,615
Other			189,575		189,575	196,694
Total			267,074	353,729	620,803	389,459
NET INCOME			54,025	30P17	84,242	17,301
RECONCILIATION	OFFUNDS
Total funds brought	forward		130,200		130,200	112,899
TOTAL FUNDS CARRIED FORWARD			184,225	30,217	214,442	130,200

		The	S or@Arts for Childrea
			Cash Flow Statement
		For The	Year Ended 31stMarch	ZOZZ
				2022	2021
		Notes
Cash flows from operating	activities
Cash generated &om operations		I		(90,733)	54,182
Net cash (used in)/provided	by operating	activities		(90,733)	54,182
Cash flows from investing	activities
Purchase oftangible fixed assets				(2,572)	(2,435)
Interest received				32	420
Net cash used in investing	activities			~2,540)	(2,015)
Change in cash and cash	equivalents	iu
the reporting period				(93,273)	52,167
Cash and sash equivalents	at the
beginning ofthe reporting	period			441,489	389,322
Cash and cash equivalents	at the end	of
the reporting period				348,216	441,489

			Notes to the Cash Flow Statement For The Year Ended 31stMarch 2022	Notes to the Cash Flow Statement For The Year Ended 31stMarch 2022
	RECONCILIATION		Oli' NET INCOME TONET CASH FLOW FROM		OPERATING ACTIVITIES
					2022	2021
	Net income for the	reporting		period (asper the Statement ofFinancial
	Activities)				84,242	17,301
	Adjustments for: Depreciation charges				2,496	2,353
	Interest received				(32)	(420)
	Increase in debtors				(1,612)	(5,323)
	(Decrease)/increase	in	creditors		(175,827)	40,271
	Net cash (used in)/provided			hy operaiions	(90,733)	54,182
2.	ANALYSIS OF CHANGES			IN NET FUNDS
				At 1.4.21	Cash flow	At 31.3.22
				f.
	Net cash
	Cash at bank and in	hand		441,489	(93,273)	348,216
				441,489	(93,273)	348,216
	Total			441,489	(93,273)	348,216

		The S ark Arts for Ch	The S ark Arts for Ch	ildren
		Notes to the Financial State		eats - continued
		For The Y ar Ended 31st		March 2022
	DONATIONS AND	LEGACIES			2022	2021
	Donations Core grants				7,832 261,585	5,780 149,696
					269,417	155,476
3.	OTHER TRADING ACTIVITIES				2022	2021
	Core activity Sponsorships Additional activities				28,406 4,600 67,622	3,061 29,001
					100,628	32,062
4.	INVESTMKNT INCOME				2022f	2021
	Deposit account interest Interest receivable - trading				32	417 3
					32	420
5.	INCOME FROM CHARITABLE ACTIVITIES				2022	2021
	Core activity Projects	Activity Charity Activities Charity Activities			6 129,199 205,769	65,682 122,323
					334,968	188,005
6.	RAISING FUNDS
	Raising donations	and legacies			2022	2021
	Freelance fees and	fund raising	costs		18,510	18,150

11.	STAFF COSTS		Fo	r The Y	ear Ended 31stMarch 2lQ2
						2022	2021
	Wages and salaries					240,487	215,695
	Social security costs					13,092	12,597
	Other pension costs					4,428	4,226
						258,007	232 518
	The average monthly	number ofemployees			during the year was as follows:
						2022	2021
	Management/administration staff					13	14
	No employees received		emoluments	m excess of660,000.
12.	COMPARATIVKS FORTIIESTATEMENT OFFINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					fund	fund	funds
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies				155,476		155,476
	Charitable activities
	Charity Activities				4,472	183,533	188,005
	Other trading activities				10,713	21,349	32,062
	Investment income				420		420
	Other income				30,797		30,797
	Total				201,878	204,882	406,760
	EXPENDITURE ON
	Raising funds					18,150	18,150
	Charitable activities
	Charity Activities				491	174,124	174,615
					184,086	12,608	196,694
	Total				184,577	204,882	389,459
	NET INCOME				17,301		17,301
	RECONCILIATION		OF FUNDS
	Total funds brought	forward			112,899		112,899
	TOTAL FUNDS CARRIED FORWARD				130,200		130,200

	Notes to the Financial Statements	-continued	-continued
	For The Year Ended 31stMarch 2022
13.	TANGIBLE FIXEDASSETS
		Plant	and	Computer
		machinery		equipment	Totals
	COST
	At 1stApril 2021	5,502		9,645	15,147
	Additions			2,572	2,572
	Disposals			~2863)	~2,863)
	At 31stMarch 2022	5,502		9,354	14,856
	DEPRECIATION
	At 1stApril 2021	4,730		7,379	12,109
	Charge for year		406	2,090	2,496
	Disposals			~2,863)	(2,863)
	At 31stMarch 2022	5,136		6,606	11,742
	NKT BOOKVALUE
	At 31stMarch 2022		366	2,748	3,114
	At 31stMarch 2021		772	2,266	3,038
14.	DKBTORSt AMOIJNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
	Trade debtors			11,064	18;066
	Prepayments			11,238	2,624
				22,302	20,690
15.	CREDITORSt AMOUNTS FALLING DUE WITHIN ONE	YEAR
				2022	2021
	Trade creditors			14,526	10,636
	Social security and other taxes			7,763	2,490
	Other creditors			124,689	319,777
	Accrued expenses			12,212	2,114
				159,190	335,017

	Balance				Gains &	Balance
Unrestricted Funds	B/fwd	Ittc onto	R~EdR		Transfers Losses	C/fwd
					5	8
General	65,200	206,285		(165,377)	18,117	124,225
Festival dk Vital Spark		114,814		(101,697)	(13,117)
Welfare /k
Contingency (Designated)	65,000				(5,000)	60,000
Total	130,200	321,099		(267,074)		184,225
DEFERRED INCOME MOVEMENTS
		Balance			RRR 3 dd	Balance
Restricted Funds		B/fwd		Income	~tn ear	C/fwd
Festival Project		5,477		62,529	53,197	14,809
SparkPlus		35,302			35,302
Vital Spark The City Classroom Early Years Project Library Project General		1,750 25,994 45,461 110,019 2,760		93,781 16,625 4,304	1,750 4,800 98,231 78,967 7,064	21,194 41,011 47,677
Total		226,763		177,239	279311	124,691
		Balance			ERR F d	Balance
Unrestricted Funds	Desi usted	B/fwd		Income	~meat	C/fwd
Vital Spark The City Classroom		85,538 6,447		5,933	85,538 12,380
Total		91,985		5,933	97,918

Detailed Statement ofF For The Year Ended	inancial Activities 31stMarch 2022
	2022	2021
Management
Brought forward	152,510	171,231
Rent and rates	10,542	9,262
Insurance	1,410	I 373
Telephone, post and stationery	1,950	1,399
Training dt hospitality	2,991	323
Marketing	3,012	2,611
Sundries	256	215
Accountancy	2,350	2,462
Travelling	1,354	110
Repairs dr renewals	1,597	2,664
Recruitment costs	5,230	280
Research tk development	3,877	2,411
Plant and machinery	406	778
Computer equipment	2,090	1,575
	189,575	196,694
Total resources expended	620,803	389,459
Net income	84,242	17,301