2020-08-31-accounts - Shaftesbury Arts Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		1	to	10
Independent Examiner's	Report
Statement ofFinancial	Activities		12
Balance Sheet		13	to	14
Notes to the Financial Statements		15	to	23
Detailed Statement ofFinancial Activities		24	to	25

				for the	Year End	ed 31August	2020
								2020	2019
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
					Notes	f,		f.
INCOME AND ENDOWMENTS				FROM
Donations and legacies						11,318	7,515	18,833	8,846
Charitable activitins
Music and drama group productions						18,455		18,455	33,237
Art group						360		360	816
Film						3,071		3,071	2,684
Gafiery						14,264		14,264	19,941
Other income						1,445		1,445	3,184
Programme adverts		and sales				6,899		6,899	3,960
Room letting						14,601		14,601	17,591
Subscriptions						11,052		11,052	15,593
Bar and Catering						12,798		12,798	20,315
External bookings						856		856	5,413
Grants						46,776		46,776	7,000
Live Streaming						10,653		10,653
Other fundraising	activities						10,288	10,288	18,289
Investment income						1,163		1,163	1,266
Total						153,711	17,803	171,514	158,135
EXPENDITURE	ON
Raising funds							1,055	1,055	2,630
Charitable activities
Music and drama group productions						6,468		6,468	11,999
Art group						260		260	600
Film						2,002		2,002	1,319
Gallery						580		580	197
Programme adverts		and sales				10,873		10,873	10,444
Room letting						21		21	225
Subscriptions						145		145	425
Bar and Catering						7,194		7,194	9,593
Other running costs						63,841		63,841	58,329
External bookings						391		391	176
Live Streaming						5,985		5,985
Other									6,968
Total						97,760	1,055	98,815	102,905
NET INCOME						55,951	16,748	72,699	55,230
RECONCILIATION			OF FUNDS
Total funds brought			forward			731,777	233,426	965,203	909,973
TOTAL FUNDS	CARRIED FORWARD					787,728	250,174	1,037,902	965,203

		Balance Sheet
		31August 2020
			2020	2019
		Notes		f,
FIXFD ASSETS
Tangible assets			988,340	843,617
CURRENT ASSETS
Stocks		12	881	708
Debtors		13	908	8,930
Cash at bank and in hand			118,460	205,097
			120,249	214,735
CREDITORS
Amounts falling due within one year		14	(50,272)	(50,376)
NET CURRENT ASSETS			69,977	164,359
TOTAL ASSETSLESS	CURRENT
LIABILITIES			1,058,317	1,007,976
CREDITORS
Amounts falling due after	more than one year	15	(20,415)	(42,773)
NET ASSETS			1,037,902	965,203
FUNDS		19
Unrestricted funds:
General fund			452,728	396,777
13Bell Street Revaluation	Reserve		335,000	335,000
			787,728	731,777
Restricted funds			250,174	233,426
TOTAL FUNDS			1,037,902	965,203

							2020	2019
Fundraising	events						10,288	18,289
INVESTMENT		INCOME
							2020	2019
								6
Deposit account		interest					1,163	1,266
INCOME	FROM CHARITABLE ACTIVITIES
							2020	2019
			Activity
Production	and	events income	Music and drama group productions				18,455	33,237
Production	and	events income	Art group				360	816
Production	and	events income	Film				3,071	2,684
Production	and	events income	Gallery				14,264	19,941
Production	and	events income	Other income				1,445	3,184
Production	and	events income	Programme		adverts	and sales	6,899	3,960
Production	and	events income	Room letting				14,601	17,591
Production	and	events income	Subscriptions				11,052	15,593
Production	and	events income	Bar and Catering				12,798	20,315
Production	and	events income	External	bookings			856	5,413
Grants			Grants				46,776	7,000
Production	and	events income	Live Streaming				10,653
							141,230	129,734
Grants received,		included in the	above, are as follows:
							2020	2019
Arts Council England							21,776
Dorset Council							25,000
Other Grants Received								7,000
							46,776	7,000

						Support
					Direct	costs (see
					Costs	note 7)	Totals
					f,		f.
	Music and drama group productions				6,468		6,468
	Art group				260		260
	Film				2,002		2,002
	Gallety				580		580
	Programme	adverts and sales			10,873		10,873
	Room letting				21		21
	Subscriptions				145		145
	Bar and Catering				7,194		7,194
	Other running		costs		6,253	57,588	63,841
	External bookings				391		391
	Live Streaming				5,985		5,985
					40,172	57,588	97,760
7.	SUPPORT	COSTS
						Governance
				Finance	Other	costs	Totals
						f.	f,
	Other running		costs	231	52,999	4,358	57,588
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is stated after charging/(crediting):
						2020	2019
	Depreciation		-owned assets			2,378	2,006
	Independent		Exantination			1,980	1,890

		Notes to the ltinancial Statements - continued for the Year Ended 31 August 2020	Notes to the ltinancial Statements - continued for the Year Ended 31 August 2020	Notes to the ltinancial Statements - continued for the Year Ended 31 August 2020
COMPARATIVES		FOR THE STATEMENT OF FINANCIAL ACTIVITIES			2019
				Unrestricted	Restricted			Total
				funds		funds		funds
						f.
INCOME AND ENDOWMENTS FROM
Donations and legacies				3,186		5,660		8,846
Charitable activities
Music and drama group productions				33,237				33,237
Art group				816				816
Fihn				2,684				2,684
Gallery				19,941				19,941
Other income				3,184				3,184
Programme adverts		and sales		3,960				3,960
Room letting				17,591				17,591
Subscriptions				15,593				15,593
Bar and Catering				20,315				20,315
External bookings				5,413				5,413
Grants						7,000		7,000
Other fundraising	activities					18,289		18,289
Investment income				1,266				1,266
Total				127,186	30,949			158,135
EXPENDITURE	ON
Raising funds						2,630		2,630
Charitable activities
Music and drama group productions				11,999				11,999
Art group				600				600
Filar				1,319				1,319
Gallery				197				197
Programme adverts		and sales		10,444				10,444
Room letting				225				225
Subscriptions				425				425
Bar and Catering				9,593				9,593
Other running costs				58,329				58,329
External bookings				176				176
Other						6,968		6,968
Total				93,307		9,598		102,905
NET INCOME				33,879	21,351			55,230
Transfers betsveen		funds		(968)			968
Net ruovement in	funds			32,911	22,319			55,230
RECONCILIATION			OF FUNDS
Total funds brought			fortvard	698,866	211,107			909,973
TOTAL FUNDS	CARRIED FORWARD			731,777	233,426			965,203

	for the Year Ended	for the Year Ended	31August 2020
11.	TANGIBLE FIXEDASSETS
			Freehold		Plant and
			property		machinery	Totals
				f.
	COST
	At 1 September 2019		835,595		19,069	854,664
	Additions		143,360		3,870	147,230
	Disposals			(129)		(129)
	At 31 August 2020		978,826		22,939	1,001,765
	DEPRECIATION
	At 1 September 2019				11,047	11,047
	Charge for year				2,378	2,378
	At 31 August 2020				13,425	13,425
	NET BOOK VALUE
	At 31 August 2020		978,826		9,514	988,340
	At 31 August 2019		835,595		8,022	843,617
	The Reehold property	at 13Bell Street was transferred	to the company	at valuation	in February	2007.
12.	STOCKS
					2020	2019
					f.
	Stocks				881	708
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN		ONE YEAR
					2020	2019
						6
	Trade debtors				6	1,712
	Other debtors				329
	Prepayments				573	7,218
					908	8,930

				2020	2019
				f,
	Bank loans and overdrafis		(see note 16)	23,100	22,188
	Other loans (see note	16)		2,000	2,000
	Trade creditors			3,042	6,089
	Other creditors			809	373
	Accmals and deferred	income		21,321	19,726
				50,272	50,376
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2020	2019
	Bank loans (see note	16)		18,485	42,163
	Accruals and deferred	income		1,930	610
				20,415	42,773
16.	LOANS
	An analysis ofthe maturity		ofloans is given below:
				2020	2019
	Amounts falling due	within one year on demand:
	Bank loans			23,100	22,188
	Other loans			2,000	2,000
	Amounts falling due	atter	one year on demand:
	Bank loans			18,485	42,163

		2020	2019
			f.
Bank	loans	41,585	64,351

18.	ANALYSIS	O	F NET ASS	ETS	BETWEEN FUNDS
							2020	2019
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
						f		8
	Fixed assets				792,660	195,680	988,340	843,617
	Current assets				65,755	54,494	120,249	214,735
	Cunent liabilities				(50,272)		(50,272)	(50,376)
	Long term liabilities				(20,415)		(20,415)	(42,773)
					787,728	250,174	1,037,902	965,203
19.	MOVEMENT		IN FUNDS
							Net
							movement	At
						At 1.9.19	in funds	31.8.20
							f
	Unrestricted	funds
	General fund					396,777	55,951	452,728
	13Bell Street	Revaluation		Reserve		335,000		335,000
						731,777	55,951	787,728
	Restricted funds
	Funding our Future					228,426	16,748	245,174
	Lift for building		phase IV			5,000		5,000
						233,426	16,748	250,174
	TOTAL FUNDS					965,203	72,699	1,037,902
	Net movement		in funds, included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
								f,
	Unrestricted	funds
	General fund					153,711	(97,760)	55,951
	Restricted funds
	Funding our Future					17,803	(1,055)	16,748
	TOTAL FUNDS					171,514	(98,815)	72,699

				Net	Transfers
				movement	between	At
			At 1.9.18	in fimds	funds	31,8.19
					f
Unrestricted funds
General fund			363,866	33,879	(968)	396,777
13Bell Street Revaluation		Reserve	335,000			335,000
			698,866	33,879	(968)	731,777
Restricted funds
Funding our Future			207,107	21,319		228,426
Live Screening			4,000	(4,968)	968
Lift for building	phase IV			5,000		5,000
			211,107	21,351	968	233,426
TOTAL FUNDS			909,973	55,230		965,203
Comparative net	movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					8	8
Unrestricted funds
General fund				127,186	(93,307)	33,879
Restricted funds
Funding our Future				23,949	(2,630)	21,319
Live Screening				2,000	(6,968)	(4,968)
Lift for building	phase IV			5,000		5,000
				30,949	(9,598)	21,351
TOTAL FUNDS				158,135	(102,905)	55,230

						2020	2019
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	fulltis
						f.	f
INCOME	AND	ENDOWMENTS
Donations	and legacies
Douations				1,318	7,515	8,833	8,846
Legacies				10,000		10,000
				11,318	7,515	18,833	8,846
Other fundraising			activities
Fundraising	events				10,288	10,288	18,289
Investment	income
Deposit account		interest		1,163		1,163	1,266
Charitable	activities
Production	and events income			94454		94,454	122,734
Grants				46,776		46,776	7,000
				141,230		141,230	129,734
Total incoming		resources		153,711	17,803	171,514	158,135
EXPENDITURE
Raising donations			and legacies
Fundraising					1,055	1,055	2,630
Charitable	activities
Advertising				3,899		3,899	6,752
Cost ofsales				33,774		33,774	34,553
Subscriptions				145		145	425
Room hire				30		30
Credit card charges				2,324		2,324	2,623
				40,172		40,172	44,353
Other
Technical equipment							6,968
Support costs
Finance
Bank charges				231		231	217
Other
Rates and	water			2,309		2,309	3,551
Insurance				4,040		4,040	4,872
Carried forward				6,349		6,349	8,423

	fo	r the Year Ended 31 August	2020
				2020	2019
		Unrestricted	Restricted	Total	Total
		funds f.	funds f	fundsf	funds f,
Other
Brought fotward		6,349		6,349	8,423
Light and heat		9,232		9,232	8,851
Telephone		906		906	894
Postage and stationery		3,792		3,792	3,352
Sundries		1,716		1,716	1,988
Licences		549		549	539
Premises running	costs	6,407		6,407	11,772
Repairs and renewals		22,112		22,112	5,289
Website maintenance		761		761	823
Bank loan interest		563		563	842
Mortgage		612		6]2	988
		52,999		52,999	43,761
Governance costs
Accountancy and	legal fees	1,980		1,980	2,970
Plant and machinery		2,378		2,378	2,006
		4,358		4,358	4,976
Total resources expended		97,760	1,055	98,815	102,905
Net income		55,951	16,748	72,699	55,230