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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04888760 (England and Wales) REGISTERED CHARITY NUMBER: 1125145

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021

for Meadow Arts

Meadow Arts

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 2
Annual Report 2020-2021 3 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 16
Detailed Statement of Financial Activities 17 to 18

Meadow Arts Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's main objectives are the education of the public by the promotion of contemporary and other art and in particular (but without limitation) art that is linked to the landscape in the West Midlands and surrounding areas. This is to be achieved by exhibiting contemporary and other art to foster understanding, appreciation and employment of art amongst the public.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year Meadow Arts met its objectives by organising and delivering a substantial number of well-attended visual arts exhibitions, artworks and activities throughout the rural West Midlands and adjoining counties.

FINANCIAL REVIEW

Principal funding sources

The principal funding sources in the year under review have been Arts Council England as a National Portfolio Organisation since April 2012.

Reserves policy

The organisation adopted a reserves policy at the Annual General Meeting on 4th December 2017. The organisation aims to holds reserves of £24,645 to ensure that Meadow Arts organisation's core activity could continue during a period of unforeseen difficulty, the position is reviewed annually.

Going concern

Consideration has been given to the effects of the Covid pandemic and, with continued support from the Arts Council England, the Financial Statements have been prepared on the Going Concern basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The governing document is the Memorandum and Articles of Association as incorporated on 5 September 2003, as amended by special resolution dated 3 May 2008.

Recruitment and appointment of new trustees

As set out in the Articles, new trustees are elected at the Annual General Meeting by the members of the charitable organisation.

All members are circulated with an invitation to nominate trustees prior to the AGM, advising of the retiring trustees and requesting nominations to be elected at the AGM. When considering new trustees, regard is given to any specialist skill needed.

New trustees undergo an orientation session to brief them on their legal obligations under charity and company law.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04888760 (England and Wales)

Page 1

Meadow Arts

Report of the Trustees for the Year Ended 31 March 2021

Registered Charity number 1125145

Registered office

West House 23 Broad Street HAY-ON-WYE Herefordshire HR3 5DB

Trustees

Mrs E K Bulmer, Treasurer Mrs K M Brade Ms C Walsh Mr R Heatly Ms D Robinson Mr N Bury Miss S M Allen (resigned 18.11.20) Mrs J Freeman Mr A Neal Dr D Pryde-Jarman Ms R Han (resigned 22.10.21) Ms L Mayor R Hughes (appointed 18.3.21)

Company Secretary

Ms C Purcell

Independent Examiner

Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY

COMMENCEMENT OF ACTIVITIES

The charity was formerly run as a company limited by guarantee and achieved charitable status on 23 July 2008.

16.12.2021 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... Mr R Heatly - Chair

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Annual Report 2021

– The year 1[st] April 2020 31 March 2021 was plagued by the Covid-19 pandemic. Meadow Arts fared well and to a large extent used the pandemic advantageously by scaling back activity, furloughing staff and exploring digital output in many ways and formats. Staff learned new skills, continued to support freelance artists and specialist workers, developed new (online) audiences, and emerged with a new focus regarding staff structure and future programming. Collectively we embraced the new Arts Council England Strategy 2020- 2030, Let’s Create, and recognised our important role in developing the artistic and contemporary cultural offer of our region.

Main Exhibitions

Spring 2020: Hay Castle Trust with Nathan Coley – Art and Place Summer 2021: Hay Castle Trust Group Show - Art and Text

Both main exhibitions were cancelled due to Coronavirus and the impact this had on the Castles ’ restoration schedule. Before Coronavirus, Hay Castle had already received a revised completion date from the builders of 19 October 2020. In actuality, the Castle is not due to open until April 2022. Due to these factors neither exhibition was rescheduled and in 2021 we delivered a successful exhibition with National Trust Herefordshire at Croft Castle and Fishpool Valley called All Alone .

Meadow Projects

1.Oliver Jones, Skin Deep, Berrington Hall, Herefordshire

The exhibition was originally due to open 14 March to 10 May 2020. It was then rescheduled to run 14 September 2020 to 18 April 2021, but ultimately opened from 17 May to 31 October 2021.

2. Oliver Jones at Pershore Abbey – Postponed to February – March 2022 due to Covid-19

3. Publication - Meadow Arts: the first twenty years

A strong project to come out of 2020 as it could all be researched and collated digitally. The colourful, 80-page coffee table book was written and edited by author /artist Tom Jeffreys, with foreword from Jonathan Watkins, Director Ikon Gallery and artist interviews with renowned contemporary visual artists including Ged Quinn, Yinka Shonibare and Laura White. The book was printed by Gomer Press in Cardiff and stocked and distributed by Art Data. It launched on 27 May 2021 at the Hay Festival.

4. RURALities, Nov 2020-July 2021

Part-funded by a grant from Art Fund, this was our first digital commission programme. Four rural artists were awarded tiered commissions to create artworks that responded to their interpretation of rural. The artists were Lucy Wright (£4000), Craig David-Parr (£2500), Dan Turner and Martha Kelsey (£1000 each).

The project was very ambitious, with the artworks simultaneously exhibited online and across social media channels and physically in three venues: Hartlebury Castle, Shrewsbury, and Hereford Museums and Art Gallery’s. Artists were supported to develop their digital work b y Vivid Projects in Birmingham. A pamphlet accompanied the exhibition (distributed widely throughout the region) for those with lack of access to digital platforms.

5. My Bubble, mid Dec 2020-1[st] March 2021

Funded via an Invisible Arts Network (IAN) Extended Bursary. The project explored young peoples’ vision of the perfect bubble in which to seek – solitude. Using 360 film and VR techniques, all taught remotely via Zoom, by two IAN members Nick Brown, lecturer at HCA and Ollie Lansdell, young (age 22) filmmaker from Shrewsbury. Three young artists took part, aged 16-18 and the finished piece gained much interest from local press and radio stations.

6. It Gets Lighter from Here, December 2020

A West Midlands-wide programme to celebrate the Winter Solstice where multiple short films (max 60 seconds) were shared by creatives across the region, to offer hope on the Winter Solstice 2020. We commissioned two digital artists – Rebecca Farkas and Leanne O’Connor - to produce our film, called Sun Stands Still (derivation of ‘solstice’). They used regional networks to reach out to rural workers who a re usually up at dawn to take photos of the sunrise at their location and share with us. We received many, many beautiful submissions

7. Vernal Equinox 2021

March 20 marked the anniversary of the first lockdown and Culture West Midlands created another multi-participatory project to share on the Spring Equinox. Meadow Arts creative practitioner Emily Wilkinson was commissioned to create an artwork for this project.

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Curatorial Services 2020

1.Floodplain Meadows Project with Open University and Wychavon District Council Avon Meadows, Pershore: Beauty and Utility

A 3-way partnership project to raise public awareness of climate change and the role of floodplain

meadows in managing flood water, capturing carbon, improving local ecology, and sustainable livestock production. Heavily engagement-based with local communities and Friends of Avon Meadows volunteer group, three of our creative practitioners delivered work between January – June 2021. Andrew Howe was the artist who worked on the project between Jan-March 2021.

2. Art House Open Lecture Series 6

This took place over Winter 2020 - Spring 2021 an extra session (making 9 in total) this season to include Jack Evans who missed out in season 5 due to flooding and the start of Covid19. It was the first lecture series delivered online (due to the pandemic) and worked very well.

3. Partnership with Hereford College of Art

Partnership development hinged around the successful Hereford Stronger Towns Fund application focusing on creating a Cultural Gateway to the city at the newly developed Station Approach site.

Meadow Arts Inspires

Paul Hamlyn Foundation Thinking Differently Project: The project was heavily disrupted by Covid-19 as the schools had to close to external visitors. However, it was kept on track and will wrap finally in Spring 2022, 6-months late.

Paul Hamlyn Foundation Covid Relief Fund: Awarded us an additional £20,000 to continue work with the pupils involved in the main project and to support them during Summer Holidays 2021.

4-Stranded Elmley Foundation Project: Successfully delivered during this period, despite some disruption due to Covid-19. Work included developing the Creative Practitioner Network via CPD training sessions, adding members of the Creative Practitioner Network to our website and improving the websites accessibility rating, delivery of Arts Award Discover in a Day for Worcestershire schools and exploration of the feasibility of establishing a Young Meadow Company aimed at those aged 16-25.

Work in Schools: Work in schools was hard hit by Covid-19 because schools closed, but we did work with four schools in Autumn Term 2020 and Spring Term 2021, including Aconbury Pupil Referral Unit in Hereford, Haberdashers Abraham Darby in Telford, Staunton-on-Wye Primary, Bosbury Primary and those involved in the Worcester Cathedral Young Voices, New Visions programme, Spring 2021 (inc Blackwell First School & Tenbury Ormiston High).

Online Engagement 9 May 2020-31 March 2021 Digital Output Included:

Marketing

In 2020, as a response to the pandemic, the e- newsletter became monthly with a ‘chattier’, less formal, feel which increased engagement.

The engagement rates** for our social media posts increased by 1398% on Facebook, 326% on Twitter and 144% on Instagram in March 2020, compared to February’s rates. This was achieved by putting out more posts per month and by interacting more with other users of social media, joining in with events such as #HerefordHour #WorcestershireHour @BM_AG world cup of art etc.

**Engagement rates are metrics that track how actively involved with your content your audience is. Engaged consumers interact with brands through “likes”, comments and social sharing.

During the pandemic, we joined the West Midlands Culture Response Unit. The purpose of this network continues to be to ensure the visibility, viability and recovery of the Cultural Sector in the West Midlands.” The unit is led by Culture Central.

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Table of Video Views: 2020-21

Table of Video Views: 2020-21
Project Date Platform Viewer
Figures
Chadsgrove School - ThinkingDifferentlyshowcase 9April YouTube 141
The Artist’s Studio 1: Oliver Jones 15 May YouTube
Facebook		 106
192
Our first Insta Live 19 May 2020 Instagram 114
Megan Clark-Bagnall - Breaking News workshoptrailer YouTube 83
Linked Engagement Workshop 1: Megan Clark-Bagnall - Objectify
Yourself		 9 May YouTube 142
The Artist’s Studio 1: 2 film clips from Oliver Jones 12 & 14 May Facebook
Instagram		 162
105
Linked Engagement Workshop2: Megan C-B Online exhibition 16 May YouTube 37
Layers of Beauty –intro to workshop 27May Facebook 30
Linked Engagement Workshop 2: Jamila Walker & Emily Wilkinson -
Layers of Beauty		 30 May Instagram 286
The Artist’s Studio 2 –Film clipfrom Alex Hartley 18 June Facebook 74
The Artist’s Studio 2: Alex Hartley 19June YouTube 172
Intro to Bio Buildingworkshopx2 23 & 30 June 55
Linked Engagement Workshop 1: Jamila Walker - Bio Building 4 July Instagram
Facebook		 195
41
Arts Awardproject intro - Sarah Edwards 6 July YouTube 75
Arts Award workshop1 - Sarah Edwards 13 July YouTube 96
Arts Award workshop2 13 July YouTube 54
The Artist’s Studio 3- Intro clipfor Laura White 14 July Facebook 33
The Artist’s Studio 3: Laura White 17July YouTube 195
The Artist’s Studio 3- Laura White teaser intro 14 July Instagram 117
Theatre of Stuff - workshop intro 20 July Instagram
Facebook		 167
190
Theatre of Stuff -materials you’ll need 31 Jul Instagram 138
Linked Engagement Workshop1: Theatre of Stuff byKayMullet 1 August Instagram 164
What is Contemporary Art? workshop–Collage intro from Jill Impey 10 August Instagram
(promoted)
Facebook		 27,758
76
What is ContemporaryArt? Engagement Workshopwith Jill Impey 15 August Instagram 181
Oliver Jones,Skin DeepVirtual tour YouTube 344
Chadsgrove School,thinkingDifferently 271
Art House Open Lecture Series–Rupi Dhillon(Roo Dhissou) 153
Ecoprinting with Andrew Howe YouTube
Instagram		 299
It Gets Lighter from Here YouTube
Instagram		 34
500
The Arousing 20 Mar 2021 Instagram 124
Altered Images–Scale it Up 18 Feb Instagram 192
Altered Images–Face Flip 17Feb Instagram 138
Altered Images–Mask making 15 Feb Instagram 143
AlteredImages – MarkUp Selfie 16Feb Instagram 150
Art House Open Lecture –HamjaAhsan 22Mar YouTube 34
Art House Open Lecture – JuneauProjects 22Mar YouTube 14
TOTAL **33,331 **

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July to Sept 2021

The additional video activity that we undertook online resulted in 3,112 organic views and 27,758 paid views (making a total of 30,870 views) of 25 videos and/or livestreams for the Lockdown period up to 1 September 2020 (the table above includes updated figures to 31 March 2021). The videos and live streams were hosted on YouTube (embedded on the MA website), Instagram and Facebook. This is an increase from our previous viewing figures (previous years’ figures are for YouTube only) for Meadow Arts created videos of 923 total views for the 12 months 2019-20, 724 for 2018-19 and 901 for 2017-18. The consistently higher new viewing figures are for videos/streams hosted on the Instagram and Facebook platforms.

Since adding a pop-up form to our website to encourage people to sign up, our database has grown, and we now have over 2,000 subscribers (including 1758 on the main list and the rest on invitation lists for exhibitions).

Jan-March 2021

Arts Council England’s Midlands press team thanked us for sending them information on Beauty & Utility at Avon Meadows and they shared this through their networks. The major partner for this project is the Floodplain Meadows Partnership hosted by the Open University School of Environment, Earth and Ecosystem Sciences and this provides access to a mighty social media audience for this project. A roundup of partner social media accounts shows that on Twitter @OpenUniversity has 164,000 followers, @floodplainmead has 2731 and @OU_EEE has 2330. On Instagram, @theopenuniversity has 59,000 followers. On Facebook, @theopenuniversity has 384,000 followers. It's a very healthy combined total of 612,000 followers, plus we can also tag other agencies that are concerned with the environment.

We’ve been seeing ongoing success with the Meadow Arts e -newsletter – we updated the format during the first lockdown in 2020 and this has increased how much our audience engages with us. We celebrated a 39% open rate for the January edition and surpassed that in February with an open rate of 41.2% - that’s 8.3% higher than the industry average of 32.9% (according to MailChimp).

Fundraising Successes

Unsuccessful

Staff & Governance Staff

Artistic Programme Assistant: Leanne O’Connor was appointed via Zoom interview in March 2020. Her start date was delayed until August 2020 due to Covid-19. Initially she began 1-day /week for August and September and picked up the full role at 3-days /week from October.

Director : Anne de Charmant, took furlough from 1 June to 30 September 2020 and returned on 3-days a week, a day less per week than the original contract (22.5 hrs reduced from 30 hrs). Her role subsequently changed from Director to Artistic Director .

Based on the change with the Director post, the Associate Director, Clare Purcell, became Executive Director (30 hrs /week).

Education & Engagement Manager: Steve Wilson, left Meadow Arts on 25 March 2021 after three years and the replacement Manager, Emma Bowen, took up the post on 26 May 2021.

Governance

At 31.03.21 the Board comprised 12 Trustees: Richard Heatly, Chair; Emma Bulmer, Treasurer; Karen Brade; Claire Walsh; Deborah Robinson; Nicholas Bury; Joanna Freeman; Adam Neal (Youth Trustee); Daniel Pryde-Jarman; Ree Han, Louisa Mayor (joined Spring 2020).

Administration

A Thousand Ghosts by Marielle Neudecker: This large-scale artwork was commissioned by Meadow ARts in 2009. It was cited at King George V

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Playing Fields in Hereford city for eleven years from 2009-2020 and was seen by hundreds of thousands of people over that period. Due to natural degradation of the materials, and damage caused to some of the foundations due to river flooding, we decommissioned the piece in 2020 /21. It was safely returned to the artist and has since been repaired and recommissioned elsewhere in England by another organisation.

Ludlow Office: We were served notice on the Mill on the Green premises, Ludlow because the landlord, Riversimple, wanted to use the space in a new way. WE moved out in September 2020. Since then, our registered office address has been in Hay-on-Wye. We retain a Shropshire office address c/o Pentabus Theatre Company.

Digital Strategy: During the Covid-19 pandemic in 2020 we created our first Digital Strategy to reflect increased digital output and a drive to connect with new audiences online.

Fundraising Culture Change Programme: The whole organisation took part in this programme over late 2019-early 2020. Rollout of the resulting Fundraising Plan was disrupted by Covid-19; however, we did collectively update our Mission and Values:

Mission: Meadow Arts is an inspirational contemporary art charity delivering ambitious and accessible projects in unexpected rural places.

Values:

Page 7

Independent Examiner's Report to the Trustees of Meadow Arts

Independent examiner's report to the trustees of Meadow Arts ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr K R Wilcox FCCA Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY

21st December 2021 Date: .........................................

Page 8

Meadow Arts

Statement of Financial Activities for the Year Ended 31 March 2021

31.3.21
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
207,344
Investment income
2
25
Other income
10,469
Total
217,838
EXPENDITURE ON
Raising funds
-
Charitable activities
Support costs
127,683
Exhibition costs
38,260
Promotions and publicity
12,065
Governance costs
13
Total
178,021
NET INCOME
39,817
RECONCILIATION OF FUNDS
Total funds brought forward
19,637
TOTAL FUNDS CARRIED FORWARD
59,454		 31.3.20
Total
funds
£
227,062
38
-
227,100
3,137
132,544
71,082
9,140
1,816
217,719
9,381
10,256
19,637

The notes form part of these financial statements

Page 9

Meadow Arts

Balance Sheet 31 March 2021

31.3.21 31.3.20
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 6 11 11
CURRENT ASSETS
Debtors 7 - 300
Cash at bank and in hand 92,123 71,941
92,123 72,241
CREDITORS
Amounts falling due within one year 8 (32,680) (52,615)
NET CURRENT ASSETS 59,443 19,626
TOTAL ASSETS LESS CURRENT
LIABILITIES 59,454 19,637
NET ASSETS 59,454 19,637
FUNDS 9
Unrestricted funds 59,454 19,637
TOTAL FUNDS 59,454 19,637

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued…

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Meadow Arts

Balance Sheet - continued 31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 16.12.2021 and were signed on its behalf by:

............................................. Mr R Heatly - Chair

............................................. Dr D Pryde-Jarman - Trustee

The notes form part of these financial statements

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Meadow Arts

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.21 31.3.20
£ £
Deposit account interest 25 38

continued…

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Meadow Arts

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2020 (2019 - £0)

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.21 31.3.20
Management 2 2
Marketing 1 2
3 4
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 227,062
Investment income 38
Total 227,100
EXPENDITURE ON
Raising funds 3,137
Charitable activities
Support costs 132,544
Exhibition costs 71,082
Promotions and publicity 9,140
Governance costs 1,816
Total 217,719
NET INCOME 9,381
RECONCILIATION OF FUNDS
Total funds brought forward 10,256

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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continued…

Meadow Arts

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD 19,637
6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 April 2020 and 31 March 2021 500 1,357 6,236 8,093
DEPRECIATION
At 1 April 2020 and 31 March 2021 489 1,357 6,236 8,082
NET BOOK VALUE
At 31 March 2021 11 - - 11
At 31 March 2020 11 - - 11
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Trade debtors & accrued income - 300
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Accruals and deferred income 30,000 49,790
Accrued expenses 2,680 2,825
32,680 52,615

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continued…

Meadow Arts

Notes to the Financial Statements – continued for the Year Ended 31 March 2021

9. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.20
£
19,637
19,637
Incoming
resources
£
217,838
217,838		 Net
movement
At
in funds
31.3.21
£
£
39,817
59,454
39,817
59,454
Resources
Movement
expended
in funds
£
£
(178,021)
39,817
(178,021)
39,817		 Net
movement
At
in funds
31.3.21
£
£
39,817
59,454
39,817
59,454
Resources
Movement
expended
in funds
£
£
(178,021)
39,817
(178,021)
39,817
39,817

Comparatives for movement in funds

Net
movement At
At 1.4.19 in funds 31.3.20
£ £ £
Unrestricted funds
General fund 10,256 9,381 19,637
TOTAL FUNDS 10,256 9,381 19,637

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
227,100
227,100		 Resources
Movement
expended
in funds
£
£
(217,719)
9,381
(217,719)
9,381		 Resources
Movement
expended
in funds
£
£
(217,719)
9,381
(217,719)
9,381
9,381

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continued…

Meadow Arts

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.19 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 10,256 49,198 59,454
TOTAL FUNDS 10,256 49,198 59,454

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
444,938
444,938		 Resources
Movement
expended
in funds
£
£
(395,740)
49,198
(395,740)
49,198

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

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Meadow Arts

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Schools & other partners 4,633 -
Arts Council England 163,889 160,928
Other grants and income 38,822 66,134
207,344 227,062
Investment income
Deposit account interest 25 38
Other income
JRS covid grant 10,469 -
Total incoming resources 217,838 227,100
EXPENDITURE
Other trading activities
Purchases - 3,137
Charitable activities
Artists fees and expenses 32,568 55,269
Installation costs 5,692 15,813
Marketing and publicity 12,065 9,140
50,325 80,222
Support costs
Management
Wages 105,734 106,163
Social security 7,593 4,675
Rent 1,934 3,137
Insurance 1,938 1,932
Telephone and internet costs 870 774
Printing, post and stationery 241 1,678
Management and consultancy 819 1,949
Website and computer costs 1,400 1,325
Motor and travelling expenses 611 6,500
Subscriptions 202 370
Sundry expenses 98 -
Accountancy 540 570
Bookkeeping and payroll 2,662 3,050
Carried forward 124,642 132,123

This page does not form part of the statutory financial statements

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Meadow Arts

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

31.3.21 31.3.20
£ £
Management
Brought forward 124,642 132,123
Bank charges 68 105
Training 2,986 2,132
127,696 134,360
Total resources expended 178,021 217,719
Net income 39,817 9,381

This page does not form part of the statutory financial statements

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