2022-03-31-accounts

				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Chairman's statement
Trustees' report				3-10
Independent auditors'	report	on the financial statements		11-14
Statement offinancial	activities			15
Balance sheet				16-17
Notes tothe financial	statements			18-35

REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	DETAILS	DETAILS	OF THE COMPANY, ITSTRUSTEES AND ADVISERS	OF THE COMPANY, ITSTRUSTEES AND ADVISERS	OF THE COMPANY, ITSTRUSTEES AND ADVISERS	OF THE COMPANY, ITSTRUSTEES AND ADVISERS
			FOR	THE YEAR ENDED				31 MARCH 2022
Trustees			J Lloyd-Jones,			Chair (appointed		27 July 2021)
			H Ball
			KCody (resigned 27 July 2021)
			N J Green
			M JW Griffiths
			H O'Connor
			P M W Pack
			E L Richards
			N Slawson
			J H Thomas	(appointed 20 July				2021)
Company	registered
number			05280336
Charity registered
number			1108488
Registered		office	5 Belmont
			Shrewsbury
			Shropshire
			SY1 1TE
Chief executive officer			Stephanie Kate			Jennings	(maternity		leave 01/01/2021 - 08/11/2021)
			Kevin Cody	and		Cerin Mills (maternity				cover from 01/01/2021 - 26/11/2021)
Independent		auditors	WR Partners
			Chartered Accountants
			Belmont House
			Shrewsbury	Business Park
			Shrewsbury
			Shropshire
			SY26LG
Bankers			CafBank Limited
			PO Box289
			West Mailing
			Kent
			ME194TA
Solicitors			Hatchers
			25 Castle Street
			Shrewsbury
			Shropshire
			SY1 1DA

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note
Income from:
Donations and legacies			58,921	25,699	84,620	99,060
Charitable activities			206,559		206,559	239,378
Other trading activities				46,949	46,949	13,786
Investments				11	11	34
Total income			265,480	72,659	338,139	352,258
Expenditure on:
Raising funds				4,168	4,168	1,378
Charitable activities			115,772	212,184	327,956	319,508
Total expenditure			115,772	216,352	332,124	320,886
Net income/(expenditure)			149,708	(143,693)	6,015	31,372
Transfers between	funds	16	(136,357)	136,35?
Net movement in funds			13,351	(7,336)	6,015	31,372
Reconciliation offunds:
Total funds brought	forward		111,489	89,174	200,663	169,291
Net movement in funds			13,351	(7,336)	6,015	31,372
Total funds carried forward			124,840	81,838	206,6?8	200,663

				2022		2021
		Note
Fixed assets
Tangible assets		12		35,116		31,885
				35,116		31,885
Current assets
Stocks		13	1,569		679
Debtors		14	12,662		9,335
Cash at bank and in hand			180,930		172,094
			195,161		182,108
Creditors: amounts	falling due within one
year		15	(23,599)		(13,330)
Net current assets				171,562		168,778
Total assets less current liabilities				206,678		200,663
Total net assets				206,678		200,663

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
			R	R
Donations		58,921	12,050	70,971	62,850
Government	grants		13,649	13,649	36,210
Total 2022		58,921	25,699	84,620	99,060
Total 2021		17,757	81,303	99,060

		Restricted	Total	Total
		funds	funds	funds
		2022f	2022	2021f
Fees	and grants	206,559	206,559	239,378
Total	2022	206,559	206,559	239,378
Total	2021	239,378	239,378

				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
					R
	Cafe income			7,243	7,243	358
	Ticket income			11,715	11,715
	Gift aid			1,462	1,462	1,684
	Room hire			25,783	25,763	10,041
	Other income			746	746	1,703
	Total 2022			46,949	46,949	13,786
	Total 2021			13,786	13,786
6.	Investment	income
				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
					R
	Investment	income	—local cash			34
	Total 2022					34
	Total 2021			34	34

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				R
Costs	ofgenerating	funds	4,168	4,168	1,378
Total	2022		4,168	4,168	1,378
Total	2021		1,378	1,378

	Activities
Governance	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2022 R	2022f	2022 R	2021f
		18,038	18,038	16,947
Other	228,746	81,172	309,918	302,561
Total 2022	228,746	99,210	327,956	319,508
Total 2021	178,423	141,085	319,508

			Total	Total
		Direct	funds	funds
		2022f	2022f	2021
Staff costs		112,565	112,565	101,101
Artist fees		85,267	85,267	58,174
Other direct costs		13,242	13,242	3,423
Marketing	&advertising	17,672	17,672	15,725
Total 2022		228,746	228,746	178,423
Total 2021		178,423	178,423

							Total	Total
					Governance	Support	funds	funds
					2022 f	2022 f	2022 R	2021f
Depreciation						8,992	8,992	7,073
Administration	costs					1,899	1,899	3,536
Evaluation costs						5,535	5,535	12,177
Bad debts								204
Legal fees						1,800	1,800
Computer &	equipment	costs				3,919	3,919	7,595
Premises costs						26,437	26,437	57,172
Printing, postage and stationery						1,201	1,201	1,977
Telephone						7,918	7,918	7,765
Travel &subsistence						206	206	206
Consultancy	fees					16,470	16/470	21,335
Bank charges						1,356	1,356	911
Loss on disposal offixed			assets			519	519
Insurance						1,646	1,646	1,570
Subscriptions						3,274	3,274	2,617
Governance	costs				18,038		18,038	16,947
Total 2022					18,038	81,172	99,210	141,085
Total 2021					16,947	124,138	141,085
Auditors' remuneration
							2022	2021
Fees payable	to the Company's			accountant	for the audit (2021:
independent	examination)		ofthe	Company's	annual accounts		7,500	2,640

Staffcosts
				2022	2021
				F
Wages and	salaries			109,635	97,779
Social security costs				1,691	2,071
Contribution	to defined	contribution	pension schemes	1,239	1,251
				112,565	101,101

2022	2021
No.	No.

Officer. The value ofTrus	tees' remuneration and other benefits was a	y s follows:
		2022	2021
		K
KCody	Remuneration	4,299	1,575

		Plant and	Office
		machinery	equipment	Total
		R	F
	Cost orvaluation
	At 1 April 2021	23,539	111,896	135,435
	Additions		12,742	12,742
	Disposals		(18,702)	(18,702)
	At 31 March 2022	23,539	105,936	129,475
	Depreciation
	At 1 April 2021	5,972	97,578	103,550
	Charge forthe year	2,354	6,638	8,992
	On disposais		(18,183)	(18,183)
	At 31 March 2022	8,326	86,033	94,359
	Net book value
	At 31 March 2022	15,213	19,903	35,116
	At31March 2021	17,567	14,318	31,885
13.	Stocks
			2022	2021
			R
	Finished goods and goods for resale		1,569	679

	2022	2021
	R
Due within one year
Trade debtors	5,723	150
Other debtors	6,939	9,185
	12,662	9,335

		2022	2021
		R
Trade creditors		9,653	6,270
Other creditors		1,274	1,163
Accruals and deferred	income	12,672	5,897
		23,599	13,330

								Balance at
				Balance at 1			Transfers	31 March
				April 2021	Income f	Expenditure	in/out	2022
Unrestricted funds
General Funds	—all funds			89,174	72,659	(216,352)	136,357	81,838
Restricted funds
Arts Council England				25,367	78,316	(25,585)	(29,693)	48,405
Shropshire Council				4,078	34,820	(14,133)	(12,217)	12,548
National Lottery		Community
Fund				41,748	94,364	(47,638)	(56,731)	31,?43
Children in Need				6,734	8,798	(2,495)	(4,561)	8,476
Youth Music Foundation				1,023	4,049	(2,?76)	(2,296)
National Lottery		Heritage	Fund	26,969	5,000	(5,190)	(16,831)	9,948
Shropshire Council				5,063	8,690	(9,220)	(3,266)	1,26?
Staffordshire Community
Foundation				(600)	10/000		350	9,750
Tesco Bag's for		Help		1,107			(1,107)
Telford &Wrekin		Council			1,238	(395)	(140)	703
RAF Shawbury	&Shrewsbury
Bid					5,405	(5,115)	(290)
Hillcrest School					795	(500)		295
DWP Kickstart					7,565		(7,565)
Hope House					3,640	(2,080)	(1,560)
Strettfest					2,000	(45)	(250)	1,705
Other Restricted		Grants			800	(600)	(200)
				111,489	265,480	(115,772)	(136,357)	124,840
Total offunds				200,663	338,139	(332,124)		206,678

						Balance at
		Balance at			Transfers	31March
		1April 2020	Income	Expendituref	inlout	2021
Unrestricted funds
General Funds —all funds		26,460	95,123	(204,714)	172,305	89,174
Restricted funds
Arts Council England		49,261	97,039	(44,958)	(76,395)	24,947
Shropshire Council		4,078				4,078
Parachutes		6,317	19,257	(7,990)	(12,099)	5,485
National Lottery Community
Fund		24,550	101,895	(37,591)	(49,789)	39,065
Children in Need		8,838	13,902	(10,245)	(6,362)	6,133
Youth Music Foundation		3,309		(1,915)	697	2,091
National Lottery Heritage	Fund	37,880		(1,896)	(9,015)	26,969
Stop Loan Sharks		1,052	(500)		(552)
StJame Place		7,546		(2,390)	(5,156)
Shropshire Council				(975)	(94)	(1,069)
Staffordshire Community
Foundation			10,560	(3,544)	(4,333)	2,683
BFIEmergency Fund			5,731		(5,731)
Tesco Bag's for Help			1,166		(580)	586
Telford &Wrekin Council			1,166		(645)	521
Youth Music Covid Emergency
Fund			6,919	(4,668)	(2,251)
		142,831	257,135	(116,172)	(172,305)	111,489
Total offunds		169,291	352,258	(320,886)		200,663

Analysis ofnet assets between funds -curr	ent year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022	2022	2022
		K
Tangible fixed assets	13,240	21,876	35,116
Current assets	111,600	83,561	195,161
Creditors due within one year		(23,599)	(23,599)
Total	124,840	81,838	206,67&

Analysis ofnet assets between funds - prior	year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2021	2021	2021
Tangible fixed assets	11,187	20,698	31,885
Current assets	100,302	81,806	182,108
Creditors due within one year		(13,330)	(13,330)
Total	111,489	89,174	200,663

At 31 March 2022 the Company had commitments to make fut cancellable operating leases as follows:	ure minimum lease payments	under non-
	2022f	2021f
Not later than 1 year	3,611	2,617
Later than 1 year and not later than 5years	13,798	17,409
	17,409	20,026