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|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|
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||||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|
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|||||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|
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|||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|
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|||||||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|
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|||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|
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|||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|
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|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|
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|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|
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|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|
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||||||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|
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|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|
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|||||||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|
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