2021-03-31-accounts

REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021

The trustee	s	servin	g during the yea	r and since the year e	nd were as follows:
				Alisdair Cameron
				Douglas Hunter
				Nikki Heeley
				John Banks
				Rachael Doyle-Hall
				Nelli Stavropoulou
				Dr Victoria Armstrong
				Toby Brandon
Company	secretary			Carole Hall
Key management			personnel	Robert Malpiedi —Studio Manager/CEO
Company	number			05028177
Charity number				1116957
Registered		office	and principal	The Blackfriars Centre
place ofbusiness				Newbridge St
				Newcastle upon Tyne
				Tyne and Wear
				NE1 2TQ
Independent		Examiner		Clarke's Chartered	Accountants
		0		176Portland Road
				Jesmond
				Newcastle Upon Tyne
				NE2 1DJ
Bankers				Unity Trust Bank
				Nine Brindley place
				Birmingham
				B12HB
				Santander UK Plc
				Business Banking
				301 StVincent Street
				Glasgow
				G2 5NT

		Notes	Unrestricted	Restricted	31 March	31 March
			funds	funds	2021	2020
					Total	Total
INCOME FROM:
Donations and legacies			1,105		1,105	15,606
Charitable activities			4,087	241,379	245,466	195,689
Other income			4,464		4,464
Other trading activities			6455		6 455	11 899
Total income			16,111	241,379	257,490	223,194
EXPENDITURE ON:
Charitable activities			13,844	227,551	241,395	201,914
Total expenditure			13,844	227,551	241,395	201,914
Net income/(expenditure)			2,267	13,828	16,095	21,280
Total funds brought	forward		65282	20 072	85 354	64 074
Total funds carried	forward		67,549	33,900	101,449	85,354

				Notes	2021	2020
Current assets
Debtors					2,489	2,416
Cash at bank and		in	hand		169273	158093
					171,762	160,509
Creditors:	amounts		falling due within
one year					70313	75 155
Net assets				12	101,449	85,354
The funds	ofthe	charity
Restricted	funds				11,774	20,072
Unrestricted	funds				89675	65282
Total charity funds					101,449	85,354

Donations	and legacies
			Unrestricted	Restricted	31 March	31 March
			fundsf	funds	2021	2020
Donations
Income from charitable		activities
			Unrestricted	Restricted	31 March	31 March
			funds	funds	2021	2020
						E
Grants				241,379	241,379	181,873
Members	contributions		4 087		4 087	13816
			4,087	241,379	245,466	195,689
Income from other trading			activities
			Unrestricted	Restricted	31 March	31 March
			funds	funds	2021	2020
Sales ofgoods			6,455		6,455	11,453
Other Income						446
			6,455		6,455	11,899

				Direct	Support	31 March	31 March
				costs	costs	2021	2020
				R.
Funding	for	the promotion	of art and	135,101	103,221	238,322	198,120
artistic	and	creative activities
Governance		costs			3.073	3 073	3 794
				135,101	106,294	241,395	201,914

pport costs	are made	up of:
			31 March	31 March
			2021	2020
Support staff costs			48,915	48,803
Rent			17,714	29,557
Repairs and maintenance			1,109	140
Legal and professional		fees	33,049	7,126
Promotion	and marketing		327	1,377
Insurance			748	772
Other support costs			1,359	2,514
Governance	costs		3 073	3 794
			106,294	94,083

				31	March	31	March
					2021		2020
Accountancy	services				1,920		2,700
Independent	examination				1,140		1,080
Companies	House	filing	fees		13		14
					3,073		3,794

6.	Net outgoing	resources	resources
				31 March	31 March
				2021	2020
	The net outgoing		resources for the year is stated atter charging:
	Clarke's fees:
	Independent	examination		1,140	1,080

T.	Staff costs, trustee	Staff costs, trustee	remuneration	and expenses, and the cost of key management	personnel
	Staff costs
				31 March	31 March
				2021	2020
				E
	Wages and salaries			108,431	94,214
	Social security	costs		4,559	4,242
	Other pension	costs		4 235	3681
				117,225	102,137

31	March	31 March
	2021	2020
	E

8.	Debtors
					31 INarch	31 March
					2021	2020
	Prepayments and		accrued income		2489	2416
					2,489	2,416
9.	Creditors:	amounts	falling due within one year
					31 March	31 March
					2021	2020
	Trade creditors				2,142	3,665
	Accruals	and deferred		income	68 171	71 490
					70,313	75,155
10.	Deferred	income			31 March	31 March
					2021	2020
	Deferred	income at 1 April 2020			68,640	47,240
	Released	from previous		years	(68,640)	(47,240)
	Amounts	deferred	in the year		65 321	68640
	Deferred	income at 31		March 2021	65,321	68,640

Analysis	ofcharitable funds
		As at				As at
		1 April				31 March
		2020	Income	Expenditure	Transfers	2021
					E
Restricted	funds
Big Lottery	Fund	(515)	56,894	(50,246)		6,133
Newcastle	Cultural	(87)	20,000	(19,543)		370
Investment	Fund
Newcastle	Fund	(1,398)	7,500	(6,362)		(260)
Lloyds Bank Foundation		(3,864)	17,724	(15,440)		(1,580)
Heritage Lottery Fund		16,940		(-)	(16,940)
Heritage Lottery Fund COVID			5,833	(5,849)		(16)
Henry Smith Match Challenge			28,600	(29,859)		(1,259)
Tudor Trust Others		3,318 5678	22,833 81 995	(24,521) ~80 700	~217	1630 6756
		20,072	241,379	(232,520)	(17,157)	11,774
Unrestricted funds
General		65282	16111	8 875	17157	89675
Total funds		85,354	257,490	(241,395)		101,449

nalysis	of net assets be	tween funds
		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
Current Current	assets liabilities	6,260 ~2142	165,502 ~68 171	171,762 ~70 313	160,509 ~75 155
		4,118	97,331	101,449	85,354