2022-03-31-accounts - The Mighty Creatives

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Annual report and financial	Annual report and financial
FOR THE YEAR ENDED 31 MARCH 2022
		Pages
Directors and advisers		3-4
Forward from our Chair ofTrustees		5-6
Operational review		7-27
Directors' report		28-34
Independent Auditors'	report	35-38
Statement offinancial	activities	39
Balance sheet		40
Statement ofcashflows		41
Notes to the financial statements		42-49

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Slalomonl offinancial ac(i vi	Slalomonl offinancial ac(i vi	adios
JncfuChng Income and ExponCifuro			Account
for the year ended	31 March 2022
				Unrestricted	Restricted	Total	Total
				fundsf	tunds E	2022f	2021f
INCOME
Income from charitable	activities			202,223	3,836,206	4,038,429	1,356,772
Income from other trading activities
Consultancy &Traded	activity			30,102	28,080	58,182	108,575
Investment income				194		194	424
Total income				232 519	3864 286	4r096i805	1,465,771
EXPENDITURE
Charitable activities
Grants made 8 activities	undertaken	directly		20,858	3,795,863	3,816,721	1.052,584
Support costs				(12,675)	106,882	94,207	84,303
Governance				2,661		2,661	5,100
Total expenditure				10,844	3,902,745	3,913,589	1,141.987
Net income				221,675	(38,459)	183,216	323.784
Net transfers between funds				784	(784}
NET MovEMENT IN FUNDE				222,459	(39r243}	183,216	323,784
Fund balances brought forward			14	301,494	482,238	783,732	459,889
FUND eakaNCES CaRRIED	FORwaRD		14	523,953	442 995	966948	783 673

BALANCE SHEET	BALANCE SHEET
as at 31 March 2022
			2022	2021
			E	E
Fixed assets
Tangible assets			5,025	12,174
CURRENT ASSETS
Debtors		1D	34,141	16,061
Bank and cash balances			1,144,600	938,481
			1,178,741	954,542
CREDITORED amountS	falling due within one year		(216,818I	(183,043)
NET CURRENT ASSETS			961,923	771,499
Total assets less current 6abilities			966,948	783,673
CREotroRs: amounts	falling due after more than one year	12
			6966,948	783,673
INCOME FUNDS
unrestricted general funds		14	523,953	301,435
Restricted funds		14	442,995	482,238
			5966,948	E783,673

S(o(omon( ofcashffovvs
lor (ho yoar andod 31 March 2022
			2022	2021
			5
Reconciliation ofnet movement in funds to net cashflow from operating		activities
Net movement in funds			183,275	323,784
Depreciation			10,037	12,321
Profit on disposal of Axed assets
Interest received			(194)	(424)
(Increase)/decrease in debtors			(18,080)	45803
Increase/{decrease) in creditors			33,775	94392
Net cash inflow outgow from o cretin	activities		20 814	475,676
Cashflows from investing activities
Purchase oftangible fixed assets			(2,888)	(970)
Interest received			194	424
Net cash inflow outaow from investin	activities		2694	546
Increase/(decrease) In cash in the year			206,120	475,330
Cash at the beginning ofthe year			938,480	463,150
Cash at the end ofthe ar			1 144.600	936480

3 INCOME FROM CHARITABLE ACTIVITIES	3 INCOME FROM CHARITABLE ACTIVITIES	3 INCOME FROM CHARITABLE ACTIVITIES	General
			Unrestricted E	Restrlcled E	2022	2021f
Grants received	(see note 4)		193,415	3,836,206	4,029,621	1,356,772
Donations			1,262		1,262
Sponsorship
Fundraising			4,889		4,889
Other			32,759	28„080	60,839	108,575
			232,325	3,864,286	4,096,611	1,465,347
4 GRANTS RECEIVED			General Unrestricted	Restrfcled	2022 E	2021f
			E	E
ACE Bridge Extension				53,359	53,359	53,359
ACE National Porffolio Funding				878,347	878,347	878,347
Children In Need	- small grant					2,485
Children in Need	—main grant			9,045	9,045	36,136
Children in Need	—Booster Grant					3,000
Let's Create Packs				11,810	11,810	30,283
Children in Need	- Next Steps Covid-19 Grant			50,085	50,085	25,043
WWCSC				(26,631)	(26,631)	176,196
Erasmus Well-Be						104,690
CAF Resilience	Fund					46,663
Erasmus DIARC				92,956	92,956
A8 Ways Making D Stewart —SEND 50e Anniversary		Donation		170 5,000	170 5,000	70
DWP —Kickstart			193,415	2,564,154	2,757,569
Foyle Foundation				25,000	25,000
Charities Aid Foundation				168,474	168,474
Rutland Council	—Virtual School			4,437	4,437
			193,415	3,836,206	4029.451	1356,272

5 EXPENDITURE	5 EXPENDITURE	5 EXPENDITURE
Charitable activities				unrestricted	Restricted
				Fullds c	Funds c	2022 E	2021f
Grants made &activities		undertaken	directly
note relates ex enditure		to source offunds as shown below
ACE National Portfolio	funding				467,146	467,146	361,184
Bridge Extension					29,030	29,030	28,550
Children in Need —small grant							2,770
Children in Need —main grant					15,415	15,415	13,312
Awards for Afi							5,689
Children in Need —Booster Grant							1,500
Children in Need —Next Steps Covid-19 Grant					17,352	17,352	1,826
WWCSC					96,735	96,735	820
Erasmus Well-Be					1,158	1,158	69,743
CAF Resilience Fund							22,235
Ag Ways Making					240	240
D Stewart —SEND 50e Anniversary					3,750	3,750
Erasmus DIARC					64,862	64,862
DWP —Kickstart					2,564,106	2,564,106
Charities Aid Foundation					19	19
Rutland Council- Virtual School					149	149
Other programmes				9,157		9,157	63,896
				9,157	3,274,307	3,283,464	571,525
Staff costs associated	with above expenditure			11,701	521,556	533,257	481,059
				20,858	3,795,863	3,816,721	1,052,584
Support costs
Contributions to Support Costs				(106,882)	106,882
Training				6,326		6,326	2,864
Staff welfare				1,104		1,104	1,240
Recruitment				2,392		2,392	630
Travel							(150)
Telephones & IT				25,513		25,513	20,720
Legal &professional				48		48	13
Bank charges				1,353		1,353	967
Depreciation				10,037		10,037	12,321
Income generation				57		57	7,469
Business Development				166		166	871
Rent				28,191		28,191	27,384
PR and communications				11,413		11,413	8,445
Local office administration				2,428		2,428	810
Insurance				1,279		1,279	719
Audit &accountancy				3,900		3,900	3,900
				(12,675)	106,882	94,207	88,203

	Unreslrlnred	Restricted
	Funds s	Fundsf	2022 6	2021 8
Governance
Trustee travel costs
Trustee meeting costs	1.317		1,317
Trustee hospitality
Trustee Training	475		475	585
Trustee Insurance	869		869	606
	2,661		2,661	1,200
Total expenditure	10,844	3,902,745	3,913,589	1,265,889
6 STAFF COSTS			2022	2021
			5
Wages and salaries			473,657	437,349
Social security costs			41,773	25.576
Other pension costs			17,951	18,134
			533,257	481,059

7 NET INCOME FOR THE YEAR
	2022	2021
This is stated after charging:	E
Operating lease costs - property	26,854	26,621
Auditors' remuneration
As auditors	3,900	3,900
Other services
Oepreciation	10,037	12,321

9 TANGIBLEFIXEDASSE	TS
			Oflice
			equipment
			E
Cost or valuation:
At 1 April 2021			66,741
Additions			2,888
Disposals
At 31 March 2022			69,629
Depreciation:
At 1 April 2021			54,567
Charge for the year			10,037
Eliminated on disposals
At 31 March 2022			64,604
Net book value
At 31 March 2022			5025
At 1 April 2021			12,174
10 Debtors		2022 8	2021 6
Amounts falling due within one year
Trade debtors		32,656	8,507
Prepayments and accrued income			6,069
Other debtors		1,485	1,485
		34,141	61,8
11 CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	2022	2021
		8	6
Trade creditors		50,111	85,560
Other taxes and sodal security		10,519	9,492
Other creditors
Deferred income (sss stso Note t sf
Accrued expenses		156,188	87,981
		216,818	183,043
12 CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR	2022	2021
		8	5
Deferred income
DEFERREO INcoME
At 1 April 2021
Income deferred in year —for release	within one year
Income deferred in year- for release	after more than one year
Amount released in year
At 31 March 2022

13 FUNDS ANALYSIS	13 FUNDS ANALYSIS		General
			unrestricted
			fund	Restricted fund	2022	2021
			E	E	E	E
Tangible fixed assets			5,025		5,025	12,174
Current assets			584,950	593,732	1,178,682	954,542
Liabiliffes			(66,081)	(150,737)	(216,818)	(183,043)
Net assets			523,894	442,995	966,889	783,673
14 MOVEMENT	IN FUNDS	At I April	Incoming	Outgoing		At 31
		2021	resources	resources	Transfers	March 2022
		E	E	E	E	E
Restricted funds
ACE National Porffolio Funding		258,566	878,347	(964,528)	15,410	187,795
ACE Bridge Extension		500	53,359	(53,859)
Spirit of2012 —Emerge		488			(488)
RBS—Creative Enterprise		75			(75)
Children in Need —Match Funding		648			(648)
Children in Need —main grant		15,568	9,045	(21,251)		3,362
Children In Need —Next Steps Covid-19 Grant		9,060	50,085	(59,682)	537
Awards for Ag		111			(111)
Swire Charitable Trust		20,000		(20,000)
Fundraising —2.6 Campaign		3,600			(3,600)
Let's Create Packs			11,810		(11,810)
WWCSC		160,520	(26,631)	(133,888)
Erasmus Well-Be		32,697		(4,437)		28,350
CAF Resilience Fund		335				335
Ag Ways Making		70	170	(240)
D Stewart —SEND 50o	Anniversary		5,000	(3,750)		1,250
Erasmus DIARC			92,956	(68,962)		23,994
DWP —Kickstart			2,564,154	(2,564,106)		48
Foyle Foundation			25,000	(24,366)		634
Charities Aid Foundation			168,474	(3,616)		164,858
Creative Mentorlng Traded Income			28,080			28,080
Rutland Council Virtual	School		4,437	(149)		4,288
		482,238	3,864,286	(3,902,745	(784)	442,995
Unrestricted funds
General		301,494	232,519	(10,844)	784	523,953
		783,6732	4,096,805	(3,913,589)		966,948