2022-03-31-accounts

			Unrestricted	Restricted	2022	Unrestricted	Restricted	2021
			funds	funds	Total	funds	funds	Total
		eurus	K	c
Income from:
Donations and grants		2	493		493	7,614	140	7,754
Chadtable activities		3	101,692	99,870	201,562	40,197	187,210	227,407
Total income			102,185	992I70	202,055	47,811	187,350	235,161
Expenditure on:
Diieii piojevci costs (including		freelance prujew staiiing)	79,131	61830	140961	20,695	63994	89889
Core staff costs		4	6,133	72,830	78,963	1,504	82,963	S4,467
Other staff costs			241	181	422	241	151	392
Office costs			2,310	3,385	5,695	20	4,464	4,484
Legal and professional	fees		2,279	6,675	8,954	5,432	6,300	11,732
Total exoenditure			90,094	144.901	234.995	28,092	162.872	190,964
Net Income/(expenditure)			12,091	(45,031,)	(32,940)	19,719	24,478	44,197
Transfer between funds		10				7,845	(7,845)
Net movement in funds			12,091	(45,031)	(32,940)	27,564	16,633	44,197
Recondgation offunds:
Total funds brought forward			113,625	65,312	178,937	86,061	48,679	134,740
Total funds carried forward			125.716	20,2S1	145,997	113.625	65.312	178.937

Balance Sheet As at 31March 2022
		2022	2021
Current assets
uvv luIs		o rxo	x,vvv
Cash at bank and in hand		155,593	179,357
Total current assets		164,391	181,357
Creditors: amounts fagina due within one veer		(18,394)	(2.420)
Net current assets		145,997	178.937
Total assets less current Rablgtles		145,997	178,937
Creditors: amounts faging due after one year
Total net assets		145,997	Syfk957
Represented By
FUNDS
Unrestricted income fund		125,716	113,625
Restricted Income funds	10	20,281	65,312
Total charity funds	11	145.997	178.937

1 (a)	Accounting Pogcles peels ofpreparation	Accounting Pogcles peels ofpreparation	Accounting Pogcles peels ofpreparation	Accounting Pogcles peels ofpreparation	Accounting Pogcles peels ofpreparation	Accounting Pogcles peels ofpreparation	Accounting Pogcles peels ofpreparation
	Ignite Imaginations Ltd Is a charitable company in the United Kingdom Rmited by guarantee. In the event that respect ofthe guarantee is Rmlted toEl per member ofthe charity. The address ofthe registered office Is given								the charity is wound up the in the mmpany information								liabglty on page					In 1
	ur slwsc rlrlalsclal s'letements.
	The Rnandal statements have been prepared In accordance with the Statement of Recommended			Practice:				Accounting and					Reporting			by		Charities
	preparing their accounts In accordance the Financial Reportlrtg Standard applicable In the	UK and	Republic of						Ireland (FRS		102j (second					edition),					the
	Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland	(FRS102)		and			with		the	Charities		Act 2011.				The		financial
	statements have taken advantage ofthe exemption to prepare a Statement ofCash Flaws.
	The charity meets the definition of a public benefit entity as defined under FRS102. The financial		statements						are	presented			In stergng			which				Is	the
	funcuonai currency or' tne charity endure rounoed to the nearest El..
(b)	Income
	the receipt ofthe Income is probable and its amount can be reliably measured.
	Donations are recognised as Income on receipt inthe year it becomes due.
	the grants have been met, it is probable that the income will be received and the amount can be measured						ragably and is not				deferred.
	Investment income Is Included when receivable.
I I	Fvrv ndlrun snd 0*haute
	Expenditure is recognised where an there is a legal or constructive obggatlon to pay a third	party,	it	Is	probable				that settlement				wgl		be	required					and
	the amount ofthe obligation can be regaigy measured. Ag exnanditura Icrennrrvd grncc nf Irrarnvarahlr					vAT.
(d)	Tangible fixed assets
	Tangible fixed assets are stated at cost less depreciation. Any assets ourchased below ES00 are written						off at		the	time of	ourchase.				Deoreciation							Is
	provided at rates calculated to write offmst ofthose assets, less their residual value, over their expected					useful lives				on the fogowlng				basis;
	Fixtures and fittings 233(
	Computer equipment 33%
(e)	Trade debtors
	Trade debtors are amounts due from customers for services performed in the ordinary course	ofbusiness.
	Trade debtors are recognised Initially at the transaction price. They are subsequently measured at		amortlsed cost using the								effective			Interest				method,
	less provision for Impairment. A provision for the impairment oftrade debtors is estabgshed	when there			Is		objective evidence				that the			company				will			not
	be able to collect ag amounts due according to the odiginal terms of receivables.
pl	Lean ana cash equivaients
	Cash and cash equivalents comprise cash an hand and cail deposits, and other short-term	highfy liquid				Investments				that are		readily			convertible					to		a
	known amount ofcash and are subject to an insignificant risk ofchange in value.
(g)	Trade creditors
	ade i ed o obiiaatio to par lo jtood I c ove e acquire I he o di v' are classified as current Rabglties ifthe company does not have an unconditional right, at the end		o of	the			of vvsiiress reporting			free pvii, period, to defer				A o t settlement				uayvbie of the
	creditor for at least twelve months after the reporting date. Ifthere is an unconditional right to defer			settlement					for at least			twelve		months			after the
	reporting date, they are presented as non-current Rabgitles.
	Unrestricted funds are donations and other income receivable or generated for the objects are available as general funds.	ofthe	organisatlon					without further					specified			purpose				and
	Restricted funds are either donations which the donor has specified are to be solely used for particular						areas	of the charity's					work	or grant				Income
	» br mr snerifl 0

	budgeted inmme a	n	d expenditure is	d expenditure is	d expenditure is	d expenditure is	suffi	cien	t with t	he	level	ofreserves for	the charit	y to b	e able to conti	nue as agoing mn	cem.
2	Income from grants		and donations
												Unrestricted	Restricted		2022	Unrestricted	Restricted	2021
												Fllhclc	all	hem	Tntal	Fllhdc	F'nnd	Tntcl
																f	E	f
	Sheffleid City Council		- Coronavirus			Business 5upport										6,315		6,315
	Coronvirus lob Retention Scheme											277			277	1,270		h270
	Dohetlohs											216			216	29		169
												493			493	7,614	140	7,754
3	Income from charitable activities
												Unrestricted	Restricted		2022	Unrestricted	Restricted	2021
												Fundsf	Funds E		Total f	Funds f	Funds E	Total E
	Drehts
	Arts Council England		-We Are AB			Makers							31,907		31,907
	Arts Councg England		-Culture	Remvery Fund									30,243		30,243
	8 BC CiliiJlvn in ic'444														4 'IVO		9,435
	Sanctuary Housing												3,000		3,000
	Sheffieid CCG												2U,225		2u,r25
	The Cutler's Company		Charitable		Trust								500		500
	The Earl Fitzwigiam	Charitable		Trust									1,000 1044		1,000 ',000
	The Wharfedale foundation												1,500		1,500		29,""0
	IVE Ltd fAmbassadors)																8,400	8,400
	Leeds Community Partnerlng			Fund													4,300	4,300
																	IV,DDII	15Bh0
	Sheffield Church Burgesses Trust																2,000	2,000
																	I 754	I vcn
	The National Lottery	- COVID		response													41,540	41,540
	Yorkshire Bank Society Charitable					Foundation											1,825	1,825
	Contracts
	'I thyo I hl Hvuclnoaccn			I tlo			Th	Bi	I It	r	4-
	Sparks																48,607	48,607
	South Yorkshire Housing Association-						The	Big Lottery		fund—
	Start Uo																24.393	24,393
	Services											101,692			101,692	40,197		40,197
												1Df0892	BBPFD		20A562	40,197	187210	227 407

Staffcosts
									SU22		2UZl
									6		E
									,062
Employer's Nl									4,315	4,250
										(4	)
Employer's pension	contributions								1,986	2,518
										0	'r
Average number ofemployees									6		6
No employee received		emoluments			ofmore than 660,0001n either year.
~mepenoent examinauon			ana iees		payabie tome rndepenaem		examiner's	organisation
											2021t
Legal and professional		fees includes;
Inde pendent examination			fee
Other fees paid to	independent			examiner's		organisation:
Other proiessionai	accountancy			services					33U
for HR support and									1,143
software gcenclng									252		147

7	Debtors				2022 4	2021t
	Trade debtors				7,775
	Other debtors				1,023
8	Creditors:	amounts	faglng due within one year
					2022	2021
				Note	6	E
	Trader. rudiiors				3351	os9
	Accruals				1,443	945
	Omar taxes and sociai securay					836
	Deferred	Income			13,600
9	Deferred	Inmme
					2022	2021
					6	E
	urougntforward
	Released	In the year
	Lreferred	in tne year			ts,dw

music which wgl be displayed in a Anal celebr Creaffve Community	music which wgl be displayed in a Anal celebr Creaffve Community	atio. Thi	s p	roject had not started	In the flnanica	l year.
Various grants to form a network for creative		indlvidiua	Is	in the cgyto develop	skills, connect	and support	our organisation	togrow.
Slrefffeld CCGr Winter Pressures
Working in 5 communities to degver arts walk		workshops		and creativity packs.
Sanctuary Housing: Relmaglne project
5ummer a.Ivltias in 5hiregrear, .
The Wherfdale Foundatlont Beeley Woods
Beeley Woods creative work:hops and event,
Prior year comparison					Balance				Balance
					br/uff	rerum	Evpa..BRurs'	?moors	c/twd
					E	E	E	E	E
Arts Council England: Art at the Heart						29,900	(29,900J
BBCChiidren In Need: The Everyday Siories	proJect				3,567	9,495	(6,352)		6,710
Dernag Yyegbeing Consortium					4.880		(5,260J
O'Oyiy Carte					2,370		(2,370J
Ambassadors Shegield City Councg.' Dementio Innovation	Fund				10,391 5,260	14700	(9,584) (1,497)	(8,225J	7,282 3,763
South Yorkshire Housing Associotion - The Big		Loiteryfund:		Sparks	17,732	48,747	(45,319)		21,160
South Yorkshire Housing Association - The Big		Lottery/vnd:		Start Up	4,479	24,393	(17,475J		11,397
She//ieid Oty Councgr Community COVIO response						1,750	(1,750J
Seeps Arts Trustr Mozort end Me						15,000			15,000
The National Lotteryr CDVID msponse						41,540	(41,540/
Yorkshire Bank Society Choritobie Foundation:		Creative	Packs			1,825	(1,625/