2022-03-31-accounts - Coventry Artspace Limited

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			Page
Report ofthe Trustees		1	to	8
Independent ExarnlneVs	Report
Statement of Financial	Activities		10
Balance Sheet		11	Io	12
Notes to the Financial Statements		13	to	19

		for	the year e	nded 31 March	2022
						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	8		8	2
INCOME AND ENDOWMENTS		FROM
Donations	and legacies			21		21	52,802
Charitable	activities
Artspace				18,514		18,514	12,741
Programme	activities			17,606	118,946	136,552	16,090
Other trading activities							1,489
Investment	income						2
Total				36,142	118,946	155,088	83,124
EXPENDITURE ON
Raising funds				1,750		1,750	7,967
Charitable	activities
Artspace				9,464		9,464	30,284
Programme	activities			23,468	88,391	111,859	33,518
Total				34,682	88,391	123,073	71,769
NET INCOME				1,460	30,555	32,015	11,355
RECONCILIATION OF FUNDS
Total funds	brought forward			21,119		21,119	9,764
TOTAL FUNDS CARRIED FORWARD				22,579	30,555	53,134	21,119

	31	March 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes		2	2	6
FIXED ASSETS
Tangible assets	10	1,502		1,502
CURRENTASSETS
Debtors	11	3,548		3,548	4,017
Cash at bank and in hand		20,684	30,555	51,239	19,542
		24,232	30,555	54,787	23,559
CREDITORS
Amounts falling due within one year	12	(3,155)		(3,155)	(2,440)
NET CURRENT ASSETS		21,077	30,555	51,632	21,119
TOTAL ASSETS LESSCURRENT
LIABILmES		22,579	30,555	53,134	21,119
NET ASSETS		22,579	30,555	53,134	21,119
FUNDS	13
Unrestricted funds				22,579	21,119
Restricted funds				30,555
TOTAL FUNDS				53,134	21,119

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				2022	2021
					2
Deposit account interest				1
				Governance
SUPPORT	COSTS
		Management	Other	costs	Totals
					8
Artspace Programme	activities	4,709 54,832	4,755 2,564	1,587	9,464 58,983
		59,541	7,319	1,587	68,447
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2022	2021
				6
Depreciation	- owned assets			266

STAFF COS	TS
					2022		2021
					2		2
Wages and salaries Other pension costs					58,684 857		27,310 476
					59,541		27,786
The average	monthly	number	of employees	during the year was as follows:
					2022		2021
Executive Director						1	1
Artspace Co-ordinator						1
Project Lead						1
Artist Resident						1
						4

			Unrestricted	Restricted	Total
			funds	funds	funds
				2
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		36,852	15,950	52,802
Charitable	activities
Artspace			12,741		12,741
Programme	activities		16,090		16,090
Other trading activities			1,489		1,489
Investment	income		2		2
Total			67,174	15,950	83,124
EXPENDITURE ON
Raising funds			3,967	4,000	7,967
Charitable	activities
Artspace			30,284		30,284
Programme	activities		24,852	8,666	33,518
Total			59,103	12,666	71,769
NET INCOME			8,071	3,284	11,355
Transfers	between funds		3,284	(3,284)
Net movement In funds			11,355		11,355
RECONCILIATION OF FUNDS
Total funds	brought forward		9,764		9,764
TOTAL FUNDS CARRIED FORWARD			21,119		21,119

10.	TANGIBLE FIXEDASS	ET	S
						Plant and
						machinery
	COST
	At 1 April 2021 Additions					4,041 1,768
	At 31 March 2022					5,809
	DEPRECIATION
	At 1 April 2021					4,041
	Charge for year					266
	At 31 March 2022					4,307
	NET BOOK VALUE
	At 31 March 2022					1,502
	At 31 March 2021
11.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2022	2021
						2
	Other debtors				3,398	3,867
	Prepay ments				150	150
					3,548	4,017
12.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2022	2021
	Other creditors				1,586	1,240
	Accrued expenses				1,569	1,200
					3,155	2,440
13.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.4.21	in funds	31.3.22
				2		2
	Unrestricted funds
	General fund			21,119	1,460	22,579
	Restricted funds
	Foundations programme				30,555	30,555
	TOTAL FUNDS			21,119	32,015	53,134

Net movemen	t in funds, induded in the abov	e are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		2	2
Unrestricted	funds
General fund		36,142	(34,682)	1,460
Restricted funds
Foundations	programme	118,946	(88,391)	30,555
TOTAL FUNDS		155,088	(123,073)	32,015

				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.21
			2	8
Unrestricted	funds
General fund			9,764	8,071	3,284	21,119
Restricted funds
ACE COVID	Support	fund		3,284	(3,284)
TOTAL FUNDS			9,764	11,355		21,119

Comparative	net mov	ement in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			2		2
Unrestricted	funds
General fund			67,174	(59,103)	8,071
Restricted funds
ACE COVID	Support	fund	11,950	(8,666)	3,284
Great Places			4,000	(4,000)
			15,950	(12,666)	3,284
TOTAL FUNDS			83,124	(71,769)	11,355