|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|| ## ## ## ## ||||For The Year Ended 31|stMarch 2022|| |---|---|---|---|---|---| |||||2022|2021| |INCOME AND|ENDOWMENTS||||| |Donations
and legacies|||||| |Donations||||7,832|5,780| |Core grants||||261,585|149,696| |||||269,417|155,476| |Other trading
activities|||||| |Core activity||||28,406|3,061| |Sponsorships||||4,600|| |Additional
activities||||67,622|29,001| |||||100,628|32,062| |Investment
income|||||| |Deposit account|interest|||32|417| |Interest receivable||—trading|||3| ||||||420| |Charitable
activities|||||| |Core activity||||129,199|65,682| |projects||||205,769|122,323| |||||334,968|188,005| |Other income|||||| |Grants - COVID|and HMRC JRS||||30,797| |Totalincoming|resources|||705,045|406,760| |EXPENDITURE|||||| |Raising donations|||and legacies||| |Freelance fees and|||fund raising costs|18,510|18,150| |Charitable
activities|||||| |Core activity||||175,613|62,583| |projects||||131,607|50,745| |Direct activity staff|||costs|105,498|61,287| |||||412,718|174,615| |Support costs|||||| |Management|||||| |Wages||||134,990|154,408| |Social security||||13,092|12,597| |Pensions||||4,428|4,226| |Carried forward||||152,510|171,231| ## ## |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|