## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|3| |Independent
Examiner's
Report|||| |Statement ofFinancial Activities|||| |Balance Sheet|6|to|7| |Notes to the Financial Statements|8|to|15| |Detailed Statement ofFinancial Activities|16|to|17| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||31.12.21|31.12.20| |---|---|---|---|---| ||||Unrestricted|Total| ||||fund|funds| |||Notes||| |INCOME AND ENDOWMENTS FROM||||| |Charitable
activities||||| |Grants received|||11,002|17,129| |Other trading activities|||71,595|53,054| |Investment
income|||1|1| |Other income|||50|391,630| |Total|||82,648|461,814| |EXPENDITURE ON||||| |Raising funds|||70,310|61,708| |NET INCOME|||12,338|400,106| |RECONCILIATION|OF FUNDS|||| |Total funds brought forward|||496,202|96,096| |TOTAL FUNDS CARRIED FORWARD|||508,540|496,202| ## ||Balance Sheet
31December 2021||| |---|---|---|---| |||31.12.21|31.12.20| |||Unrestricted|Total| |||fund|funds| ||Notes||| |FIXEDASSETS|||| |Tangible assets||8,004|6,106| |Investments|||| |Investment
property|10|700,000|700,000| |Social investments|11|100|100| |||708,104|706,206| |CURRENT ASSETS|||| |Debtors|12|7,539|363| |Cash at bank and in hand||3,517|13,364| |||11,056|13,727| |CREDITORS|||| |Amounts
falling due within one year|13|(34,672)|(37,428)| |NET CURRENT ASSETS||(23,616)|(23,701)| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||684,488|682,505| |CREDITORS|||| |Amounts
falling due afier more than one year|14|(175,948)|(186,303)| |NET ASSETS||508,540|496,202| |FVITDS|\a
IV||| |Unrestricted
funds||508,540|496,202| |TOTAL FUNDS||508,540|496,202| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||31.12.21|31.12.20| |---|---|---|---|---|---| ||Hot desk income|||698|3,574| ||Cafe rentals|||18,DDD|17,062| ||Office rentals|||42,513|26,887| ||Room hire|||406|2,282| ||Refreshments|||244|10| ||Gallery Sales|||7,000|769| ||Recharged costs|||1,680|1,680| ||Service charges|||385|476| ||Donations|||47|314| ||Leisure workshops|||622|| |||||71,595|53,054| |3.|INVESTMENT INCOME||||| |||||31.12.21|31.12.20| ||Interest receivable - trading|||1|1| |4.|OTHER INCOME||||| ||Other income represents||the surplus|on revaluation ofthe freehold property at Great Bow Wharf.|| |5.|RAISING FUNDS||||| ||Raising donations|and|legacies||| |||||31.12.21|31.12.2D| ||Support costs|||51,678|51,560| ## ## ## |||31.12.21|31.12.20| |---|---|---|---| ||||f| |Depreciation|-owned assets|1,412|9,378| |Surplus on disposal offixed assets||(50)|| ## ## ## |COMPARATIVES F|ORTHE STATEMEN|T OF FINANCIAL ACTIVITI|ES| |---|---|---|---| ||||Unrestricted| ||||fund| |INCOME AND ENDOWMENTS FROM|||| |Charitable
activities|||| |Grants received|||17,129| |Other trading activities|||53,054| |Investment
income|||1| |Other income|||391,630| |Total|||461,814| |EXPENDITURE ON|||| |Raising funds|||61,708| |NET INCOME|||400,106| |RECONCILIATION|OF FUNDS||| |Total funds brought forward|||96,096| |TOTAL FUNDS CARRIED FORWARD|||496,202| |||Page 10|continued.
..| ## ||Notes to the Financial Statements -
for the Year Ended 31December|continued
2021| |---|---|---| |9.|TANGIBLE FIXEDASSETS|| |||Fixtures| |||and| |||fittings| |||f| ||COST|| ||At 1 January 2021|24,098| ||Additions|3,310| ||At 31December 2021|27,408| ||DEPRECIATION|| ||At 1 January 2021|17,992| ||Charge for year|1,412| ||At 31 December 2021|19,404| ||NET BOOKVALUE|| ||At 31December 2021|8,004| ||At 31 December 2020|6,106| |10.|INVESTMENT PROPERTY|| ||FAIRVALUE|| ||At 1 January 2021|| ||and 31December 2021|700,000| ||NET BOOKVALUE|| ||At 31December 2021|700,000| ||At 31 December 2020|700,000| ## ## |SOCIAL INVESTMENTS|| |---|---| ||Other| ||investments| |MARKET VALUE|| |At 1 January 2021 and 31December 2021|100| |NET BOOKVALUE|| |At 31December 2021|100| |At 31 December 2020|100| ## ## |DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||| |---|---|---|---| |||31.12.21|31.12.20| |Trade debtors||1,659|363| |Other debtors||5,206|| |Prepayments||674|| |||7,539|363| |CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| |||31.12.21|31.12.20| |Bank loans and overdratts|(see note 15)|18,310|23,055| |Trade creditors||8,763|4,100| |Other liabilities||1,570|4,902| |Accruals||1,434|1,863| |VAT||2,648|3,138| |Other creditors||1,947|370| |||34,672|37,428| ## ||||Notes to the Financial Statements|Notes to the Financial Statements|- continued||| |---|---|---|---|---|---|---|---| |||||for the Year Ended 31December 2021|||| |14.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||||||| |||||||31.12.21|31.12.20| ||||||||6| ||Other loans (see note 15)|||||175,948|186303| |15.|LOANS||||||| ||An analysis ofthe maturity ofloans is given below:||||||| |||||||31.12.21|31.12.20| ||Amounts
falling due within||one year on demand;||||| ||Bank loans|||||18,310|23,055| ||Amounts
falling due in more than|||five years:|||| ||Repayable
by|instalments:|||||| ||Other loans more 5yrs instal|||||175,948|186,303| |16.|MOVEMENT IN FUNDS||||||| |||||||Net|| |||||||movement|At| ||||||At 1.1.21|in funds|31.12.21| ||Unrestricted|funds|||||| ||General fund||||496,202|12,338|508,540| ||TOTAL FUNDS||||496,202|12,338|508,540| ||Net movement|in funds, included||in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||Unrestricted|funds|||||| ||General fund||||82,648|(70,310)|12,338| ||TOTAL FUNDS||||82,648|(70,310)|12,338| ## ## ## ## ||||||Net|| |---|---|---|---|---|---|---| ||||||movement|At| |||||At 1.1.20|in funds|31.12.20| |||||f||| |Unrestricted||funds||||| |General|fund|||96,096|400,106|496,202| |TOTAL|FUNDS|||96,096|400,106|496,202| |Comparative||net movement|in funds, included|in the above are as follows:||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |Unrestricted||funds||||| |General|fund|||461,814|(61,708)|400,106| |TOTALFUNDS||||461,814|(61,708)|400,106| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.1.20|in funds|31.12.21| |Unrestricted|funds|||| |General fund||96,096|412,444|508,540| |TOTAL FUNDS||96,096|412,444|508,540| ## ## ## ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| ||Unrestricted|funds|||| ||General fund||544,462|(132,018)|412,444| ||TOTAL FUNDS||544,462|(132,018)|412,444| |17.|RELATED|PARTY DISCLOSURES|||| ## ||||Detailed Statement ofFinancial Activities||| |---|---|---|---|---|---| ||||for the Year Ended 31December 2021||| |||||31.12.21|31.12.20| ||||||6| |INCOME AND||ENDOWMENTS|||| |Other trading|activities||||| |Hot desk income||||698|3,574| |Cafe rentals||||18,000|17,062| |Office rentals||||42,513|26,887| |Room hire||||406|2,282| |Refreshments||||244|10| |Gallery Sales||||7,000|769| |Recharged costs||||1,680|1,680| |Service charges||||385|476| |Donations||||47|314| |Leisure workshops||||622|| |||||71,595|53,054| |Investment
income|||||| |Interest receivable - trading|||||| |Charitable
activities|||||| |Grants||||11,002|17,129| |Other income|||||| |Gain on sale of|tangible fixed assets|||50|| |Gain on reval'n|ofproperty||||391,630| |||||50|391,630| |Total incoming||resources||82,648|461,814| |EXPENDITURE|||||| |Other trading|activities||||| |Licensing|||||202| |Bad debts provision|||||36| |Management
fees||||14,902|9,910| |Gallery Costs||||3,643|| |Workshop
Costs||||87|| |||||18,632|10,148| ## ||for the Year Ended 31|December 2021|| |---|---|---|---| |||31.12.21|31.12.20| |Support costs|||| |Management|||| |Postage and stationery||57|119| |Subsistence costs||99|86| |||156|205| |Finance|||| |Bank charges||4,015|359| |Bank interest||7,954|9,864| |||11,969|10,223| |Hutnan
resources|||| |Rates and water||4,598|3,530| |Insurance||4,680|3,796| |Light and heat||5,173|6,286| |Telephone &broadband||6,293|6,578| |Repairs &maintenance||6,828|4,058| |Rent||250|250| |Other office costs||2|375| |Refreshments||202|133| |Caretaker||60|431| |Computer
supplies &ITcosts||2,217|502| |Cleaning||4,637|4,355| |Workshop
costs||456|125| |||35,396|30,419| |Other|||| |Motor vehicle expenses||47|12| |Depreciation|oftangible fixed assets|1,413|9,378| |||1,460|9,390| |Other 2|||| |Advertising||449|196| |Governance|costs||| |Accountancy|fees|2,248|1,127| |Total resources|expended|70,310|61,708| |Net income||12,338|400,106|