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|---|---|---|---|---|
|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|
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|||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|
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||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||
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|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||
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||||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|
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|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|
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|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|
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|||||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|
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