2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to 7
Independent Examiner's	Report
Statement ofFinancial	Activities	9to10
Balance Sheet
Notes to the Financial	Statements	12to 21

			and Loss	es)
			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
		Note
Income and Endowments		from:
Donations and legacies		2	46,252		46,252	5,270
Charitable activities		3	55,555	494,357	549,912	245,169
Total Income			101,807	494,357	596,164	250,439
Expenditure on:
Charitable activities			(107,355)	(111,183)	(218,538)	(242,843)
Total Expenditure			(107,355)	(111,183)	(218,538)	(242,843)
Net (expenditure)/income			(5,548)	383,174	377,626	7,596
Transfers between	funds		331,848	(331,848)
Net movement in funds			326,300	51,326	377,626	7,596
Reconciliation offunds
Total funds brought	forward		33,263	57,936	91,199	83,603
Total funds carried	forward	15	359,563	109,262	468,825	91,199

				Unrestricted	Restricted	Total
				funds	funds	2020
			Note
Income and Endowments		from:
Donations and legacies				5,270		5,270
Charitable activities				63,012	182,157	245,169
Total income				68,282	182,157	250,439
Expenditure on:
Charitable activities				(94,634)	(148,209)	(242,843)
Total expenditure				(94,634)	(148,209)	(242,843)
Net (expenditure)/income				(26,352)	33,948	7,596
Transfers between	funds			24,615	(24,615)
Net movement in funds				(1,737)	9,333	7,596
Reconciliation offunds
Total funds brought	forward			35,000	48,603	83,603
Total funds carried	forward		15	33,263	57,936	91,199

		Balance Sheet as at 3	1March 2021
				2021	2020
			iVote
Fixed assets Tangible assets			10	308,014	17,356
I
Current assets Debtors Cash at bank and in hand			11 12	52,454 130,229	5,046 89,259
				182,683	94,305
Creditors: Amounts		falling due within one year	13
Net current	assets			160,811	73,843
				468n825	91,199
Net assets
Funds ofthe	charity:
Restricted income funds Restricted funds			15	109,262	57,936
Unrestricted Unrestricted	income funds	funds „		359,563	33.263
Total funds			15	468,825	91,199

						Unrestricted
						funds
							Total	Total
						General	2021	2020
Donations	and		legacies;
Donations		from		companies,	trusts and similar proceeds	1,023	1,023	5,270
Grants, including				capital grants;
Government			grants			45,229	45,229
						46,252	46,252	5,270

		Unrestricted
		funds
			Restricted	Total	Total
		General	funds	2021	2020
Studio rental		53,045		53,045	52,339
Fees4 sales		1,730		1,730	1,232
Fundraising					8,174
Grants			494,357	494,357	182,157
Membership	&other income	780		780	1,267
		55,555	494,357	549,912	245,169

		Unrestricted	Restricted
		funds	funds	Total
Arts Council	England		371,299	371,299
Nottingham	City Council	45,229	54,060	99,289
Esmee Fairbairn Foundation			30,000	30,000
Paul Hamlyn	Foundation		20,000	20,000
Persimmon			5,000	5,000
Edna G Olds	Academy		2,550	2,550
The New Art Exchange			2,000	2,000
The Elephant	Trust		2,000	2,000
Social Artery	/ Axisweb		550	550
Browne Jacobson			500	500
Sundry donations		1,023	6,398	7,421
		46,252	494,357	540,609

5 Expendit	ure on c	haritable activities
		Unrestricted	funds
					Restricted	Total	Total
		Designated	General		funds	2021	2020
Board expenses				383		383	97
Legal &
professional	fees		2,365			2,365	9,798
Office costs			4,200			4,200	10,008
Rent &rates			2,073			2,073	7,013
Repairs &
maintenance			18,052			18,052	7,769
Insurance				143		143	8,999
Events &
fundraising				634		634	2,953
Marketing				3	1,861	1,864	2,711
Utilities			23,430			23,430	21,131
Depreciation		43,665				43,665	9,354
Programme	costs				49,322	49,322	96,501
Intern costs				160	964	1,124	1,217
Bank charges				45	22	67
Training			1,232			1,232	1,225
Other expenditure			2,312			2,312	3,845
Volunteer expenses							11
Travel &
accommodation				15	27	42	831
Wages, NI &
Pension			8,643		58,987	67,630	55,535
Other expenditure							3,845
		43,665	63,690		111,183	218,538	242,843

During the pe follows:	riod, the fees payable (excluding VAT) to the	charity's independent examiner a	re analysed a
		2021	2020
Independent examination		940	940
Other financial	services	2,473	840
		3,413	1,780
8 Staff costs
The aggregate	payroll costs were as follows:
		2021	2020
Staff costs during the year were:
Wages and salaries		56,250	54,847
Social security	costs	8,793
Pension costs		2,587	688
		67,630	55,535

2021	2020
No	No

10 Tangible fixed assets
	Land and	Furniture	and	Computer
	buildings	equipment		equipment	Total
Cost
At 1 April 2020	91,274		7,117		98,391
Additions	328,468		553	5,302	334,323
At 31March 2021	419,742		7,670	5,302	432,714
Depreciation
At 1 April 2020	74,827		6,208		81,035
Charge for the year	41,973		366	1,326	43,665
At 31March 2021	116,800		6,574	1,326	124,700
Net book value
At 31March 2021	302,942		1,096	3,976	308,014
At 31March 2020	16,447		909		17,356
11Debtors
				2021	2020
Trade debtors				3,218	5,046
Other debtors				49,236
				52,454	5,046
12 Cash and cash equivalents
				2021	2020
Cash on hand				433	660
Cash at bank				129,796	88,599
				130,229	89,259

					2021	2020
Trade	creditors				13,975	10,973
Other	taxation	and	social	security	1,908	2,790
Other	creditors				5,989	6,699
					21,872	20,462

15 Funds
								Balance at
				Balance at 1	Incoming	Resources		31March
				April 2020	resources	expended	Transfers	2021
Unrestricted	funds
General
General				33,263	101,807	(63,690)	(45,831)	25,549
Designated
Fixed Assets						(43,665)	351,679	308,014
Reserves							26,000	26,000
						(43,665)	377,679	334,014
Total Unrestricted			funds	33,263	101,807	(107,355)	331,848	359,563
Restricted funds
Programme	s			57,936	165,746	(111,183)	(3,237)	109,262
Capital					328,611		(328,611)
Total restricted		funds		57,936	494,357	(111,183)	(331,848)	109,262
Total funds				91,199	596,164	(218,538)		468,825

						Balance at
		Balance at 1	Incoming	Resources		31March
		April 2019	resources	expended	Transfers	2020
Unrestricted	funds
General
General		35,000	68,282	(94,634)	24,615	33,263
Restricted funds
Programme	s	48,603	182,157	(148,209)	(24,615)	57,936
Total funds		83,603	250,439	(242,843)		91,199

16 Analysis ofnet assets betwee	n funds
	Unrestricted	funds
			Restricted
	General	Designated	funds	Total funds
Tangible fixed assets		308,014		308,014
Current assets	47,421	26,000	109,262	182,683
Current liabilities	(21,872)			(21,872)
Total net assets	25,549	334,014	109,262	468,825
		Unrestricted
		funds
				Total funds at
			Restricted	31March
		General	funds	2020
Tangible fixed assets		17,356		17,356
Current assets		36,369	57,936	94,305
Current liabilities		(20,462)		(20,462)
Total net assets		33,263	57,936	91,199