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