##
##
|Reference and Administrative
Details|||
|---|---|---|
|Report ofthe Trustees|2 to|11|
|Report ofthe Independent
Auditors|12 to|14|
|Statement ofFinancial Activities|15||
|Balance Sheet|16||
|Cash Flow Statement|17||
|Notes to the Cash Flow Statement|||
|Notes to the Financial Statements|19 to|31|
|TRUSTEES|||Mr A W Isles|||
|---|---|---|---|---|---|
||||Mr R G Renwick|||
||||Mr H JWalker|||
||||Ms A E Binks|||
||||Dr V V Cufly (resigned|29.1.22)||
||||Mrs L G Allen (appointed||7.4.22)|
||||Mr M N Walker (appointed||7.4.22)|
||||Dr RN YOwen (appointed||12.10.22)|
||||Mr R Djima (appointed|14.10.22)||
|REGISTERED|OFFICE||3 St Mary's Road|||
||||Luton|||
||||Bcdfordshirc|||
||||LU1 3JA|||
|REGISTERED|COMPANY|NUMBER|03525877 (England and|Wales)||
|REGISTERED|CHARITY|NUMBER|1107790|||
|AUDITORS|||FKCA Limited|||
||||260 —270 Butterfield|||
||||Great Marlings|||
||||Luton|||
||||Bedfordshire|||
||||LU2 8DL|||
|BANKERS|||Bank ofScotland|||
||||PO Box 1000|||
||||BX2 1LB|||
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|||||for the Year End|ed 31MARCH|2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||Unrestncted|Restncted|Designated|Total|Total|
|||||funds|funds|Funds|funds|funds|
||||Notes|f.|||||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||3|151,294|182,260||333,554|265,518|
|Charitable
activities|||||||||
|Creative Learning|||||||||
|||||2,790|||2,790|1,300|
|Other tradmg
and|sponsorship||||||||
|activities||||43,963|||43,963|60,115|
|Investment
income||||6|||6|7|
|Total||||198tl53|182 260||3803 13|326 940|
|EXPENDITURE|ON||||||||
|Raising funds||||3,059|||3,059|1,371|
|Charitable
activities|||||||||
|Luton International|Carnival||||||||
||||||51,258|17,246|68,504|29,199|
|Crcativc Learning|||||||||
||||||72,935|10,741|83,676|19,015|
|Artistic Programme|||||||||
|||||87,815|46,172|65,747|199,734|75,796|
|Trading Activities||||66,409||18,401|84,810|220,477|
|Artrcach||||20 tlMI|4 tl00||24 tltHI|36 Mltl|
|Total||||177283|1743t6|112 135|4t,3,783|381858|
|NET|||||||||
|INCOME/(EXPENDITURE)||||20,770|7,895|(112,135)|(83,470)|(54,918)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward||(26,722)|58,170|4,467,164|4,498,612|4,553,530|
|TOTAL FUNDS
FORWARD|CARRIED|||~59523|66065|4355029|4 ~1.142|4498612|
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Designated|Total|Total|
|||funds|funds|Funds|funds|funds|
||Notes||||||
|FIXEDASSETS|||||||
|Tangible assets|14|11,451||4,355,029|4,366,480|4,485423|
|Investments|15|I|||I|I|
|||11.452||4,355,029|4,366,481|4,485,224|
|CURRENT ASSETS|||||||
|Debtors|16|38,920|41,500||80,420|77,955|
|Cash at bank and in hand||26 420|8 565||54985|62097|
|||65.340|70,065||135,405|140,052|
|CREDITORS|||||||
|Amounts
falling due within one|||||||
|year|17|(82,744)|(4,000)||(86,744)|(126,664)|
|NET CURRENT
ASSETS/(LIABILITIES)||~17,4tl47|60tl05||48161|u 388|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||(5,952)|66,065|4,355,029|4,415,142|4,498,612|
|NET ASSETS||~59523|66tl65|4355 029|4 ~1.142|4498 612|
|FUNDS|20||||||
|Itnrestricted
funds|||||(5,952)|(26,722)|
|Restricted
funds|||||4,421 tl94|4 525,334|
|TOTAL FUNDS|||||441\ 142|4498 612|
##
##
||||for the Year Ended 3|1MARCH 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|f.||
|Cash flows from operating
activities
Cash generated
from operations
Net cash provided
by/(used
in) operating||activities||~7282
7 282|~7872)
~7872)|
|Cash flows from investing|activities|||||
|Purchase oftangible tixed assets|||||(19,739)|
|Interest received
Net cash provided
by/(used|in) investing|activities|||7
~19732)|
|Change in cash and cash equivalents||in the||||
|reporting
period||||7,288|(27,604)|
|Cash and cash equivalents|at the beginning||of|||
|the reporting
period|||2|47 697|75,301|
|Cash and cash equivalents
reporiing
period|at the end|ofthe||~54 985|~47 697|
##
##
##
|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|II,OTES TO THE CASH FLOW STATEMENT
for the Year Ended 31MARCH 2022|
|---|---|---|---|---|---|---|---|
|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES||||||||
|||||||2022|2021|
|Nct cxpcnditurc
for thc reporting|||period (as pcr thc Statcmcnt ofFinancial|||||
|Activities)||||||(83,470)|(54,918)|
|Adjustments
for:||||||||
|Depreciation
charges||||||118,743|119,827|
|Interest received||||||(6)|('7)|
|Increase tn debtors
Dccrcasc in creditors||||||(2,465)
~25 520)|(33,620)
~39 154|
|Net cash provided|by/(used
in) operations|||||7
82|~7872)|
|ANALYSIS OF CASH AND CASH E(}UIVALENTS||||||||
|||||||2022|2021|
|Cash tn hand||||||2,035|193|
|Notice deposits (less||than 3 months)||||52,950|61,904|
|Ovcrdrafts
tnctudcd||in bank loans and ovcrdrafts||falltng duc within onc year|||~14,400)|
|Total cash and cash||cquiva(cuts||||54985|47.697|
|ANALYSIS OF CHANGES IN NET FUNDS||||||||
|||||At|1.4.21|Cash tlow|At 31.3.22|
||||||f|||
|Net cash||||||||
|Cash at bank and in
Bank overdraft||hand||62,097
~14400||(7,112)
14400|54,985|
||||||47 697|7288|54,985|
|Total||||~47 697||7 288|~54 985|
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|DONATIONS
AND LEG|ACIES|||
|---|---|---|---|
|||2022|2021|
|Donations||28,016||
|Grants||~305538|~265 518|
|||~333554|~265 518|
|OTHER TRADING AND|SPONSORSHIP ACTIVITIES|||
|||2022|2021|
|||f.||
|Bar &Catering &.Vending|Machine Income|942|167|
|Hue Fees||43,021|39,948|
|London Luton Airport|||20.000|
|||43963|60 115|
|INVESTMENT INCOME||||
|||2022|2021|
|Deposit account interest||6|7|
##
##
||INCOME|FRO|M|CHARITAB|LE ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|
||||||||2027|2021|
||||||Activity||||
||||||Crcativc Lcaming||||
||Workshops||||||||
||||||||2790|1 300|
||RAISING|FUNDS|||||||
||Other trading||activities||||||
||||||||2022|2021|
||Equipment|hire||||||49|
||Repairs and|renewals|||||449|723|
||Staff costs||||||2610|599|
||||||||3059|1 371|
|8.|CHARITABLE ACTIVITIES||||COSTS||||
||||||||Support||
|||||||Direct|costs isee||
|||||||Costs
f|note 9)|Totals|
||Luton international|||Carnival|||||
|||||||34,011|34,493|68,504|
||Creative Learning||||||||
|||||||28,999|54,677|83,676|
||Artistic Programme||||||||
|||||||161,235|38,499|199,734|
||Trading Activities|||||22,376|62,434|84,810|
||Artreach|||||24.000||24,000|
|||||||~270 621|~190103|460 724|
##
|SUPPORT COST|S|||||
|---|---|---|---|---|---|
||||Organisation|Office||
|||Overheads|Costs|Costs|Totals|
|Luton International|Carnival|||||
|||7,729|22,859|3,905|34,493|
|Creative Learning||||||
|||4,815|4'-1,664|5,198|54,677|
|Artistic Programme||||||
|||29,466|1,896|7,137|38,499|
|Trading Activities||10012
~52 022|47,893
~)17312|4,529
20 769|62 434
~190103|
##
##
|||2022|2021|
|---|---|---|---|
|Depreciation|—owned assets|118,743|119,827|
|Auditor remuneration||6500|5 950|
##
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##
##
##
|STAFF C|OSTS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
|Wages|||||||||105,824|104,268|
|Social security|||||||||3,184|3,000|
|Pensions|||||||||1,150|2,161|
|Other staff|costs|||||||||561|
||||||||||110158|109992|
|The average
monthly||number|ofemployees||during|the year|was as follows:||||
||||||||||2022|2021|
|Employees|||||||||9|7|
|No cmployccs rcccivcd cmolumcnts||||in excess off60,000.|||||||
|COMPARATIVES||FOR TIIE STATEMENT OF FINANCIAL ACTIVITIES|||||||||
||||||||Unrestricted|Restricted|Designated|Total|
||||||||funds|funds|Funds|funds|
||||||||f,|E|f.||
|INCOME|AND ENDOWMENTS|||FROM|||||||
|Donations|and legacies||||||76,759|188,759||265,518|
|Charitable|activities||||||||||
|Creative Learning|||||||||||
||||||||1,300|||1,300|
|Other trading
and sponsorship|||activities||||60,115|||60,115|
|Investment|income||||||7|||7|
|Total|||||||130 IHI|IHH769||326 940|
|EXPENDITURE ON|||||||||||
|Raismg funds|||||||1,371|||1,371|
|Charitable|activities||||||||||
|Luton International||Carnival|||||||||
|||||||||29,199||29,199|
|Creative Learning|||||||||||
||||||||2,855|16,160||19,015|
|Artistic Programme|||||||||||
||||||||15,627|60,169||75,796|
|Trading Activities|||||||110,472||110,005|220,477|
|Artreach||||||||36 tltl0||36 tHltl|
|Total|||||||130,325|141,528|110,005|381,858|
##
##
##
||||||||
|---|---|---|---|---|---|---|
|13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||||||
||||Unrestricted|Restricted|Designated|Total|
||||funds|funds|Funds|funds|
|||||f|||
||NET INCOME/(EXPENDITURE)||7,856|47,231|(110,005)|(54,918)|
||RECONCILIATION|Ol' FUNDS|||||
||Total funds brought|forward|(34,578)|10,938|4,577,170|4,553,530|
||TOTAL FUNDS CARRIED FORWARD||~26722)|.8169|~46'165|4498612|
|14.|TANGIBLE FIXED|ASSETS|||||
||||||Fixtures||
|||||Plant and|slid||
||||property
f|machinery
f|fittings|Totals|
||COST||||||
||At
I April 2021
Disposals||5,806,762|918,943|609,343
~74 892|7,335,048
~74 892)|
||At 31 March 2022||5806762|9)R943|534451|7260156|
||DEPRECIATION||||||
||At
1 Apri)2021||1,339,598|918,689|591,538|2,849,825|
||Charge for year
Eliminated
on disposal||112,136|127|6,480
~74 892|118,743
~74 892)|
||At 31March 2022||1451714|918816|523126|2R93 676|
||NET BOOK VALUE||||||
||At 31 March 2022||4 355 028|127|11325|~ 366480|
||At 31March 2021||446
164|254|17 805|4485 223|
|MARKET VALUE|
|---|
|At
I April 2021 and 31 March 2022|
|NET BOOK VALUE|
|At 31 March 2022|
|At 31 March 2021|
##
|Nature ofb|usmess: Dormant|||||
|---|---|---|---|---|---|
|||Y||||
|Class ofshare:||holdhng||||
|Ordinary|||100|||
|||||31.10.21|31.10.20|
|||||f.||
|Aggregate|capital and reserves|||1|I|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE|||YEAR|||
|||||2022|2021|
|||||f.||
|Trade debtors||||11,990|5,491|
|VAT||||13,576|28,603|
|Prepayments|and accrued income|||54,854|43.861|
|||||80420|~77 955|
##
##
##
|CREDITORS: AMOIJN|TS FA|L|LING DUE WITHIN ONE YE|AR|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Bank loans and ovcrdiufts|(sccnote 18)|||||14.400|
|Trade creditors|||||10,900|34,069|
|Social security
and other|taxes||||3,121|7,651|
|Other creditors||||||2,144|
|Accruals
and deferred mcome|||||72723|68,400|
||||||86744|1ze 664|
|DEFERRED INCOME|||||||
|||||Grant Income|||
|Deferred Income brought|forward|at I Apnl 2021|||60,000||
|Incoming
resources deferred
in the|||current year||||
|Amounts
released
from previous||years|||||
|Dcfcrrcd Income earned|forward|at 31 March 2022|||60 000||
##
##
##
|An analysis oft|he maturity ofloans is given below:|||
|---|---|---|---|
|||2022|2021|
|Amounts
falling|due withm one year on demand:|||
|Bank overdraAs|||~14400|
|LEASING AGREEMENTS||||
|Minimum
lease|receipts fall due as follows:|||
|||2022|2021|
|Net obligations|receivable:|||
|Within one year||8,865|14,984|
|Between one and five years||37 7377||
|||26 696|14984|
##
##
|MOVEMENT
IN|FUNDS|||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.21|in funds|31.3.22|
|Unrestricted
funds||||||
|General fund|||(26,722)|20,770|(5,952)|
|Restricted
funds||||||
|Future depreciation|charges||4,467,164|(112,135)|4,355,029|
|Creative Learning|||3,639|(1,052)|2,587|
|Arts Council Funding|||54,531|(955)|53,576|
|Luton Citizen Fund
TOTAL FUNDS|||~525 334
4498t)2|9 902
~)0~240)
~8342tl)|9902
4 42) t$4
4415142|
|Net movement
in funds, mcluded||in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|General
fund|||198.053|(177,283)|20,770|
|Restricted
funds||||||
|Future depreciation|charges|||(112,135)|(112,135)|
|Creative Learning|||14,999|(16,051)|(1,052)|
|Arts Council Funding|||152.761|(153,716)|(955)|
|Artreach
Luton Citizen Fund|||4,000
10,500
~182260|(4,000)
~598)
~286500)|9902
~I)4 240|
|TOTAL FUNDS|||380313|~463 783)|83470|
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.20|in funds|31.3.21|
||||f.||
|Unrestricted
funds|||||
|General
fund||(34,578)|7,856|(26,722)|
|Restricted
funds|||||
|Future deprectation|charges|4,577,170|(110,006)|4,467,164|
|Crcativc Lcarniug||10.938|(7,299)|3,639|
|Arts Council Funding
TOTAL FUNDS||4,585 Itl8
4553530|54 531
~62,7743
~549383|54 531
4 525 334
4498 612|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||f,||
|Unrestricted
funds|||||
|General
fund||138,181|(130,325)|7,856|
|Restricted
funds|||||
|Future depreciation|charges||(110,006)|(110,006)|
|Creative Learning|||(7,299)|(7,299)|
|Arts Council Funding
Artreach||152,759
~36000|(98,228)
~36 Otl0|54,531|
|TOTAL FUNDS||~188759
~326940|~251 533)
381 858|~62,774)
~54 918)|
##
##
||||||||Net||
|---|---|---|---|---|---|---|---|---|
||||||||movement|At|
||||||At 1.4.20||in funds|31.3.22|
||||||||f.||
|Unrestricted
funds|||||||||
|General
fund||||||(34,578)|28.626|(5,952)|
|Restricted
funds|||||||||
|Future depreciation|charges||||4,577,170||(222,141)|4,355,029|
|Crcativc Learning||||||10.938|(8,351)|2,587|
|Arts Council Funding|||||||53,576|53,576|
|Luton Citizen Fund
TOTAL FUNDS|||||~
4|9 902
688108 ~)670)4)
0 ~38388)||9 902
4421094
44»42|
|A current year 12 months||and pnor year 12 months|combined|net movement|in|funds, mcluded|in the above are as follows:||
||||||Incoming||Resources|Movement|
||||||resources||expended|in funds|
|||||||f|||
|Unrestricted
funds|||||||||
|General
fund||||||336,234|(307,608)|28,626|
|Restricted
funds|||||||||
|Future depreciation|charges||||||(222,141)|(222,141)|
|Creative Learning||||||14,999|(23,350)|(8,351)|
|Arts Council Funding||||||305,520|(251,944)|53,576|
|Artreach
Luton Citizen Fund||||||40,000
10500
371 019|(40,000)
~598)
~538033)|9,902
~167014)|
|TOTAL FUNDS||||||707.253|~845 641)|~138388)|
##
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