| Pages | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' annual report |
(incorporating | the | directors' | report) | 1 to 13 | ||
| Independent examiner's |
report to the | trustees | 14 | ||||
| Statement of financial activities |
(including | income | and expenditure | account) | 15 | ||
| Balance sheet | 16 | ||||||
| Statement of cash flows |
17 | ||||||
| Notes to the financial statements |
18to 28 |
| Trustees' annual repo Year ended 31 March |
Trustees' annual repo Year ended 31 March |
rt (incorporat 2021 |
ing the d |
irec | |
|---|---|---|---|---|---|
| Senior management | A Casey | ||||
| H Field | |||||
| A Winch | |||||
| Bank | CAF Bank | ||||
| Cambridge | & Counties | Bank | |||
| United Trust Bank | |||||
| Hampshire | Trust Bank | ||||
| Redwood | Bank | ||||
| Independent | examiner | L Thurston | FCCA | ||
| Lovewell | Blake LLP | ||||
| Chartered | accountants | ||||
| First Floor | Suite | ||||
| 2 Hillside | Business Park | ||||
| Bury St Edmunds | |||||
| IP32 TEA |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Note | funds 8 |
funds 8 |
Total funds f |
Totalfunds | ||
| Income and endowments | ||||||
| Donations and legacies |
76,737 | 268,387 | 345,124 | 492,347 | ||
| Charitable activities |
251 | 14,821 | 15,072 | 36,913 | ||
| Investment income |
3,211 | 3,211 | 3,718 | |||
| Total income | 80,199 | 283,208 | 363,407 | 532,978 | ||
| Expenditure | ||||||
| Charitable activities |
87,678 | 298,424 | 386,102 | 432,161 | ||
| Totalexpenditure | 87,678 | 298,424 | 386,102 | 432,161 | ||
| Net (expenditure)/income | and net | |||||
| movement in funds |
(7,479) | (15,216) | (22,695) | 100,817 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward | 124,299 | 229,555 | 353,854 | 253,037 | ||
| Total funds carried forward | 116,820 | 214,339 | 331,159 | 353,854 |
| Note | f | 2021 | 8 | 2020 | ||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible fixed assets | 554 | 830 | ||||||
| Current assets | ||||||||
| Debtors | 12 | 1,879 | 1,760 | |||||
| Cash at bank and | in | hand | 366,625 | 373,142 | ||||
| 368,504 | 374,902 | |||||||
| Creditors: Amounts | falling due within | |||||||
| one year | 13 | (37,899) | (21,878) | |||||
| Net current assets | 330,605 | 353,024 | ||||||
| Total assets less | current liabilities | 331,159 | 353,854 | |||||
| Net assets | 331,159 | 353,854 | ||||||
| Funds ofthe charity | ||||||||
| Restricted funds |
214,339 | 229,555 | ||||||
| Unrestricted funds |
116,820 | 124,299 | ||||||
| Total charity funds | 16 | 331,159 | 353,854 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | ||||
| Cash flows from operating | activities | |||
| Net (expenditure)/income | (22,695) | 100,817 | ||
| Adjustments for. |
||||
| Depreciation oftangible fixed assets |
276 | 535 | ||
| Other interest receivable and |
similar income | (3,211) | (3,718) | |
| Accrued (income)/expenses | (2,585) | 2,799 | ||
| Changesin: | ||||
| Trade and other debtors | (119) | (768) | ||
| Trade and other creditors | 18,606 | (63,592) | ||
| Cash generated from operations |
(9,728) | 36,073 | ||
| Interest received | 3,211 | 3,718 | ||
| Net cash (used in)/from operating activities |
(6,517) | 39,791 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (1,106) | |||
| Net cash used in investing activities |
(1,106) | |||
| Net (decrease)/increase in |
cash and cash | equivalents | (6,517) | 38,685 |
| Cash and cash equivalents | at beginning | ofyear | 373,142 | 334,457 |
| Cash and cash equivalents | at end ofyear | 366,625 | 373,142 |
| Ye | ar ended 31 March 202 | 1 | ||||
|---|---|---|---|---|---|---|
| 5. | Donations and legacies |
|||||
| Year ended 31 March 2021 | ||||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| 9 | E | E | ||||
| Grants | ||||||
| National Lottery Community |
Fund | 101,840 | 101,840 | |||
| Suffolk County Council | 63,240 | 25,000 | 88,240 | |||
| Arts Council | 81,783 | 81,783 | ||||
| Youth Music | 26,051 | 26,051 | ||||
| Children in Need |
19,948 | 19,948 | ||||
| Other grants and donations | 9,447 | 8,817 | 13,792 | |||
| Suffolk Community Foundation |
4,948 | 4,948 | ||||
| Mid Suffolk District Council | 2,550 | 2,550 | ||||
| Babergh District Council | 1,500 | 1,500 | ||||
| 76,737 | 268,387 | 340,652 | ||||
| Year ended 31 March 2020 | ||||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| E | E | E | ||||
| Grants | ||||||
| National Lottery Community |
Fund | 117,544 | 117,544 | |||
| Arts Council | 42,637 | 47,205 | 89,842 | |||
| Suffolk County Council | 43,324 | 19,156 | 62,480 | |||
| Heritage Lottery Fund |
56,750 | 56,750 | ||||
| Suffolk Community Foundation |
50,620 | 50,620 | ||||
| Children in Need |
46,469 | 46,469 | ||||
| Take Note | 38,719 | 38,719 | ||||
| Other grants and donations | 8,252 | 9,627 | 17,879 | |||
| Norfolk Community Foundation |
5,000 | 5,000 | ||||
| Youth Music | 2,994 | 2,994 | ||||
| Mid Suffolk District Council | 2,550 | 2,550 | ||||
| Babergh District Council | 1,500 | 1,500 | ||||
| 98,263 | 394,084 | 492,347 | ||||
| 6. | Investment income |
|||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| E | E | E. | ||||
| Bank interest receivable | 3,211 | 3,211 | 3,718 | 3,718 |
| Expenditure on ch |
aritab | le activit |
ies | ||||
|---|---|---|---|---|---|---|---|
| Activities | |||||||
| undertaken | Total funds | Total fund | |||||
| directly | Support costs | 2021 | 2020 | ||||
| F | E | E | |||||
| Staff costs | 251,149 | 1,454 | 252,603 | 253,224 | |||
| Artist fees and materials | 95,797 | 95,797 | 105,853 | ||||
| Transport, catering |
and venue hire | 8,706 | 397 | 9,103 | 29,671 | ||
| Marketing and public relations |
216 | 5,437 | 5,653 | 8,360 | |||
| Other project costs | 1,250 | 1,250 | 10,021 | ||||
| Office costs | 19,801 | 19,801 | 22,156 | ||||
| Depreciation | 276 | 276 | 535 | ||||
| Independent examiner's |
fees | 1,500 | 1,500 | 2,102 | |||
| Board and meeting | expenses | 119 | 119 | 239 | |||
| 357,118 | 28,984 | 386,102 | 432,161 | ||||
| Net (expenditure)/income | |||||||
| Net (expenditure)/income | is stated | after charging/(crediting): | |||||
| 2021 | 2020 | ||||||
| E | F | ||||||
| Depreciation of tangible |
fixed assets | 276 | 535 | ||||
| Staff costs | |||||||
| The total staff costs | and | employee | benefits for the reporting | period are analysed as follows: | |||
| 2021 | 2020 | ||||||
| E | E | ||||||
| Wages and salaries | 231,381 | 229,461 | |||||
| Social security costs | 8,199 | 9,220 | |||||
| Other pension costs | 11,569 | 11,473 | |||||
| Other staffing expenses | 1,454 | 3,070 | |||||
| 252,603 | 253,224 |
| 11. | Tangible fixed asse | ts | |||
|---|---|---|---|---|---|
| Fixtures and | |||||
| fittings | Equipment | Total | |||
| E | 6 | 6 | |||
| Cost | |||||
| At 1 April 2020 and | 31 March 2021 | 1,736 | 12,989 | 14,725 | |
| Depreciation | |||||
| At 1 April 2020 | 1,736 | 12,159 | 13,895 | ||
| Charge for the year | 276 | 276 | |||
| At 31 INarch 2021 | 1,736 | 12,435 | 14,171 | ||
| Carrying amount |
|||||
| At 31March 2021 | 554 | 554 | |||
| At 31 March 2020 | 830 | 830 | |||
| 12. | Debtors | ||||
| 2021 | 2020 | ||||
| 6 | |||||
| Trade debtors | 220 | 100 | |||
| Prepayments and accrued income |
1,659 | 1,660 | |||
| 1,879 | 1,760 | ||||
| 13. | Creditors: Amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| 6 | |||||
| Trade creditors | 13,069 | 11,261 | |||
| Accruals and deferred income | 1,624 | 4,209 | |||
| Social security and other taxes | 3,494 | 4,195 | |||
| Other creditors | 19,712 | 2,213 | |||
| 37,899 | 21,878 | ||||
| 14. | Deferred income | ||||
| 2021 6 |
2020 f |
||||
| At 1 April 2020 | 62,000 | ||||
| Amount released to income | (62,000) | ||||
| At 31March 2021 | |||||
| 15. | Defined contribution | plans |
| At 1 April | At 31 March | |||||
|---|---|---|---|---|---|---|
| 2020f | Incomef | Expenditure 5 |
Transfers | 2021 6 |
||
| Clown Round | 12,804 | 23,349 | (29,409) | 6,744 | ||
| Brave Art | 55,097 | 107,327 | (92,619) | 69,805 | ||
| Celebrating us |
26,035 | (1,156) | 24,879 | |||
| Lowestoft Folk | 463 | 463 | ||||
| Forgot-Me-Not | Visitors | 1,765 | (1,765) | |||
| Libraries & Museums |
||||||
| Well-Being Programme |
25,000 | 25,000 | ||||
| Little Beats | 28,802 | (26,326) | 2,476 | |||
| Website &Virtual | 2,000 | 2,000 | ||||
| Around the Table |
17,455 | 21,448 | (23,946) | 14,957 | ||
| Make, Do & Friends | 38,624 | 23,399 | (62,023) | |||
| VR Adventures | 22,961 | 18,848 | (36,974) | 4,835 | ||
| Special Delivery (Letters | ||||||
| From...) | 43,364 | 7,000 | (22,770) | 27,594 | ||
| Kirkley Creates | (Take, | |||||
| Note, Connect) | 37,022 | (1,436) | 35,586 | |||
| 229,555 | 283,208 | (298,424) | 214,339 | |||
| Unrestricted funds |
||||||
| At 1 April | At 31 March | |||||
| 2020 | Income | Expenditure | Transfers | 2021 | ||
| 6 | 6 | E | 6 | |||
| General fund |
81,942 | 80,199 | (73,619) | 88,522 | ||
| Designated fund |
42,357 | (14,059) | 28,298 | |||
| 124,299 | 80,199 | (87,678) | 116,820 | |||
| Restricted funds |
||||||
| At 1 April | At 31 March | |||||
| 2019 6 |
Incomef | Expenditure | Transfers | 2020 6 |
||
| Clown Round | 11,762 | 58,012 | (56,970) | 12,804 | ||
| Brave Art | 7,634 | 120,500 | (73,037) | 55,097 | ||
| Festival Arts | 14,753 | 15,042 | (29,795) | |||
| Lowestoft Folk | 24,847 | 7,300 | (31,684) | 463 | ||
| Forgot-Me-Not | Visitors | 21,991 | (20,226) | 1,765 | ||
| Rock On | 31,116 | 2,994 | (34,110) | |||
| Where We Meet | 580 | (580) | ||||
| Around the Table |
9,570 | 30,943 | (23,058) | 17,455 | ||
| Make, Do & Friends | 23,130 | 62,061 | (46,567) | 38,624 | ||
| VR Adventures | 2,100 | 30,061 | (9,200) | 22,961 | ||
| Special Delivery (Letters | ||||||
| From...) | 49,450 | (6,086) | 43,364 | |||
| Kirkley Creates | (Take, | |||||
| Note, Connect) | 38,720 | (1,698) | 37,022 | |||
| 147,483 | 415,083 | (333,011) | 229,555 |
| Tangible fixed | Tangible fixed | Net current | Non current | ||||
|---|---|---|---|---|---|---|---|
| assetsf | assets | liabilitesf | Total 6 |
||||
| Resbicted income funds | |||||||
| Clown Round | 6,744 | 6,744 | |||||
| Brave Art/JumpstART | 69,805 | 69,805 | |||||
| Celebrating Us |
24,879 | 24,879 | |||||
| Lowestoft Folk (Lowestoft | Network) | 463 | 463 | ||||
| Libradies &Museums | Well-Being | ||||||
| Programme | 25,000 | 25,000 | |||||
| Little Beats | 2,476 | 2,476 | |||||
| Website &Virtual | 2,000 | 2,000 | |||||
| Around the Table |
14,957 | 14,957 | |||||
| VR Adventures | 4,835 | 4,835 | |||||
| Special Delivery (Letters From) | 27,594 | 27,594 | |||||
| Kirkly Creates (Take, | Note, Connect) | 35,586 | 35,586 | ||||
| Unrestricted income |
funds | ||||||
| Designated funds |
28,298 | 28,298 | |||||
| General funds | 553 | 87,969 | 88,522 | ||||
| 553 | 330,606 | 331,159 | |||||
| Year ended 31 March | 2020 | ||||||
| Tangible | fixed | Net current | Non current | ||||
| assets | assets | liabilites | Total | ||||
| 6 | 6 | 6 | 6 | ||||
| Restricted income funds | |||||||
| Clown Round | 12,804 | 12,804 | |||||
| Brave Art/JumpstART | 55,097 | 55,097 | |||||
| Lowestoft Folk (I owestoft | Network) | 463 | 463 | ||||
| Forgot-Me-Not-Visitors | 1,765 | 1,765 | |||||
| Around the Table | 17,455 | 17,455 | |||||
| Make, Do and Friends | 38,624 | 38,624 | |||||
| VR Adventures | 22,961 | 22,961 | |||||
| Special Delivery (Letters From) | 43,364 | 43,364 | |||||
| Kirkly Creates (Take, | Note, Connect) | 37,022 | 37,022 | ||||
| Unrestricted income |
funds | ||||||
| Designated funds |
42,357 | 42,357 | |||||
| General funds | 830 | 81,112 | 81,942 | ||||
| 830 | 353,024 | 353,854 |
| 18. | Analysis ofchan | ges in net debt |
||||
|---|---|---|---|---|---|---|
| At | ||||||
| At 1 Apr 2020 | Cash flows | 31 Mar | 2021 | |||
| 6 | 6 | |||||
| Cash at bank and | in hand | 373,142 | (6,517) | 366,625 | ||
| 19. | Related parties | |||||
| Dunng the year the charity paid: |