##
##
##
##
||||||||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:||||||