2021-08-31-accounts - Shaftesbury Arts Centre

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		Page
Report ofthe Trustees	1	to	5
Independent Eraminer's Report
Statement ofFinancial Activities
Balance Sheet	8	to	9
Notes to the Financial Statements	10	to	18

	for	the Year E	nded 31August	2021
					2021	2020
			Unrestricted	Restricted	Total	Total
		' 'Notes'	funds f. '	funds E	funds f.	fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies		3	203,960		203,960	18,833
Charitable activities
Music and drama group productions Art gmup Film and Live Streaming Gallety Other income Ram charitable activities			4,903 2,425 13,370 773		4,903 2,425 13370 773	18,455 360 13,724 14364 1,445
Programme adverts snd sales Room letting aod External bookings Subscriptions Bar aud Catering Covid-19 Grants			1,980 7,282 1,701 28,563		1,980 7,282 1,701 28,563	6,899 15,457 11,052 12,798 46,776
Other fundraising activities			3,349		3,349	10,288
Investment income			14		14	1,163
Other income			32,617		32,617
Total			300,937		300,937	171,514
EXPENDITURE ON
Raising funds ~l						1,055
Charitable activities
Music snd drama group productions Art group Film snd Live Streaming Gallery Pmgramme adverts and sales Room letting and External bookings Subscriptions Bsraud Catering			1,682 849 303 54 313 1,078		1,682 849 303 54 313 1,078	6,468 260 7,987 580 10,873 412 145 7,194
Other nmniog costs			30,646		30,646	63,841
Total			34,925		34,925	98,815
NET INCOME			266,012		266,012	72,699
Transfers behreen funds		22	200,501	(200,501)
Net movement ln fends			466,513	(200,501)	266,012	72,699
RECONCILIATION OFFUNDS
Total funds brought forrrsrd			787,728	250,174	1,037,902	965,203
TOTAL FUNDS CARRIED	FORWARD		1,254PAI	49,673	1303,914	1,037,902

	SheResbnry Arts	Centre (Registered
		Balance Sbe4t
		31August 2021
			2021	2020
		Notes		f.
FIXEDASSETS
Tangible assets		13	991488	988,340
CURRENT ASSETS
Stocks		14	1,063	881
Debtors		15	4,085	908
Cash at bank and in band			353,421	118,460
			358,569	120,249
CREDITORS
Amounts falliog due within	one year	16	(42,812)	(50,272)
NET CURRENT ASSETS			315,757	69P77
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,307,045	1,058,317
CREDITORS
Amounts fafiing due after more then one year		17	(3,131)	(20,415)
NET ASSETS			1,303,914	],037,902
FUNDS		22
Umestricted funds:
General fund			919,241	452,728
13Bell Street Revaluation	Reserve		335,000	335,000
			1,254441	787,728
Restricted funds			49,673	250,174
TOTAL FUNDS			1,303,914	1,037,902

DONATIO	NS AND LEGACIES
		2021		2020
Donations		3,960		8,833
Legacies		200,000		10,000
		203,960	'	18,833
OTHER FUNDRAISING ACTIVITIES
		2021 f.		2020I
Fundraising	events	3,349		10488
		2021f		2020 f.
Deposit account interest		14		1,163

		Activity				2021f	2020f
Pmduction	and events income	Music and drama gmup productions				4,903	18,455
Pmduction	and events income	Art gmup					360
Production	and events income	Film and Live Streaming				2,425	13,724
Pmduction	and events income	Gallery				13,370	14264
Pmduction	and events income	Other income Rom charitable		activities		773	1,445
Production	and events income	Programme	adverts and sales				6,899
Production	and events income	Room letting	and External bookings			1,980	15,457
Production	and events income	Subscriptions				7282	11,052
Production	end events income	Bar and Catering				1,701	12,798
Grants		Covid-19 Grants				28,563	46,776
						60,997	141,230
Grants received, included in the above, are as follows:
						2021f	2020f
Arts Council England						2,420	21,776
Dorset Council						14,143	25,000
Dorset Council Restart Grant						12,000
						28,563	46,776
OTHER INCOME
						2021	2020
						f.	f.
nsurance	Claim					32,617
The insurance claim resulted		trom a loss ofprofits as a result		ofthe	initial	en&reed closure ofthe Arts Cen
due to the	introduction ofCOVID-19 restrictions.
CHARITABLE ACITVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 9) f	Totals
Music and	drama group produchons				1,682		1,682
Film and Live Streaming					849		849
Gallery					303		303
Room lettiog and External bookings					54		54
Subscriphons					313		313
Bar and Catering					1,078		1,078
Other running costs					1,746	28,900	30,646
					6,025	28,900	34,925

		2021	2020
Depreciation	- owned assets	1,903	2,378
Independent	Examination	1,740	1,980

COMPARA11VES FOR T	HE STATEMENT OF FI	NANCIAL AC'11VITIKS	2020
		Unrestricted	Restricted	Total
		funds	funds	funds
		f.	f	f,
INCOME AND ENDOWMENTS FROM
Donations and legacies		1.1,318	7,515	18,833
Charitable activities
Music and drama group producnons		18,455		18,455
Art gmup		360		360
Film and Live Streaming		13,724		13,724
Gallery		14364		14464
Other income Rom charitable	activities	1,445		1,445
Programme adverts and sales		6,899		6,899
Room letting and External bookings		15,457		15,457
Subscriptions		11,052		11,052
Bar and Catering		12,798		12,798
Covid-19 Grants		46,776		46,776
Otlrcf fluldfslslllg actlvltlcs			10488	10488
Investment income		1,163		1,163
Total		153,711	17,803	171,514
EXPENDITURE ON
Raising funds			1,055	1,055
Charitable activities
Music and drama group productions		6,468		6,468
Art group		260		260
Film and Live Streaming		7,987		7,987

14.	STOCKS
				2021	2020
					f.
				1,063	881
15.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
					f.
	Trade debtors			2,096	6
	Other debtors				329
	Prepayments			1,989	573
				4,085	908
16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
	Bank loans and overdrafls		(see note 18)	16,179	23,100
	Other loans (see note	18)		2,000	2,000
	Trade creditors			2,401	3,042
	Other creditors			1,447	809
	Accruals and deferred	income		20,785	21,321
				42,812	50,272
17.	CREDITORS: AMOUNTS FALLING DUEAFTERMORE THAN ONE YEAR
				2021	2020
					6
				2,411	18,485
				720	1,930
				3,131	20,415
18.	LOANS
	An analysis ofthe maturity		ofloans is given below:
				2021	2020
					f.
	Amounts falling due within one year on demand:
	Bank loans			16,179	23,100
	Other loans			2,000	2,000
	Amounts falling due after one year on demand:
	Bank loans			2,411	18,485

		2021	2020
		f.	f
Bank	loans	18,590	41,585