2022-03-31-accounts

Trustees' Report			1to9
Reference and Administrative		Details
Independent Examiner's	Report		10
Statement ofFinancial	Activities		11 to 12
Balance Sheet
Statement ofCash Flows			14
Notes to the Financial	Statements		15to 23

The trustees	The trustees	and officers	and officers	serving	during the year and since the year	during the year and since the year	during the year and since the year	end were as follows:
Trustees:					Michael Forbes
					Norman Cherry
					Shobna Bazzaz
					Alison Lloyd
					Nick Slater
					Frank Abbott
					Michael Marsden
					Iain Cockhill
					Rebecca Blackwood
					William Harvey (appointed			11/09/2022)
					Isobel Whitelegg	(resigned		11/07/2022)
					Caroline Boseley	(resigned		11/09/2022)
					Cindy Sissokho (resigned		11/09/2022)
Charity Registration			Number		1132064
Company	Registration			Number	5933158
Registered		Office			Primary
					33 Seely Road
					Nottingham
					NG7 1NU
Independent		Examiner			John O'Brien, employee		of
					Community Accounting 142 North West		Plus
					41 Talbot Street
					Nottingham
					NG1 5GL
Bankers					The Co-operative	Bank
					P.O.Box250
					Skelmersdale
					WN8 6WT

			and Loss	es)
					Total	Total
			Unrestricted	Restricted	2022	2021
		Note
Income and Endowments		from:
Donations and legacies		2	111,916		111,916	46,252
Charitable activities		3	86,978	365,734	452,712	549,912
Total Income			198,894	365,734	564,628	596,164
Expenditure on:
Charitable activities			(192,193)	(75,185)	(267,378)	(218,538)
Total Expenditure			(192,193)	(75,185)	(267,378)	(218,538)
Net income			6,701	290,549	297,250	377,626
Transfers between	funds		240,726	(240,726)
Net movement in funds			247,427	49,823	297,250	377,626
Reconciliation offunds
Total funds brought	forward		359,563	109,262	468,825	91,199
Total funds carried	forward	12	606,990	159,085	766,075	468,825

				Unrestricted	Restricted	Total
				funds	funds	2021
			Note
Income and Endowments		from:
Donations and legacies				46,252		46,252
Charitable activities				55,555	494,357	549,912
Total income				101,807	494,357	596,164
Expenditure on:
Charitable activities				(107,355)	(111,183)	(218,538)
Total expenditure				(107,355)	(111,183)	(218,538)
Net (expenditure)/income				(5,548)	383,174	377,626
Transfers between	funds			331,848	(331,848)
Net movement in funds				326,300	51,326	377,626
Reconciliation offunds
Total funds brought	forward			33,263	57,936	91,199
Total funds carried	forward		12	359,563	109,262	468,825

					2022	2021
				Vote
f'ised assets
I &nlgiblc assets					466.607	30)(,014
Current assets
Debtors					13').3)(g	s2 454
( ash at hank	and in hand				I)18,998	130,229
					32)(,3)(6	1)(2,683
Creditors: Amounts		falling due within	one year	10	( g 99)()	(21,F72)
.Vct current	assets				299,3I()(	160,)l I I
Vet assets					766,07s	4('&)(,N2&
i'unds of the	charity:
IRestrictcd income funds
Rcstrlctcd lands				12	I s&),0Xs	(0&).262
L)nrcstrictcd	income	funds
L&nrcstrictcd	lin&ds				606 990	'&s9,s63
Total funds				12	766,07s	46'.tl2s

						2022	2021
					Note
Cash flows from operating		activities
Net cash income						297,250	377,626
Adjustments to cash flows		from non-cash	items
Depreciation						57,679	43,665
						354,929	421,291
Working capital adjustments
Increase in debtors					8	(86,934)	(47,408)
Increase in creditors					10	7,126	1,410
Net cash flows from operating activities						275,121	375,293
Cash flows from investing		activities
Purchase oftangible fixed	assets					(216,352)	(334,323)
Net increase in cash and cash equivalents						58,769	40,970
Cash and cash equivalents	at 1 April					130,229	89,259
Cash and cash equivalents	at 31March					188,998	130,229
Reconciliation ofnet cash	flow to movement			in net funds
Increase in cash						58,769	40,970
Net funds at 1 April 2021						130,229	89,259
Net funds at 31March 2022						188,998	130,229

						Unrestricted
						funds	Total	Total
						General	2022	2021
Donations	and		legacies;
Donations		from		companies,	trusts and similar
proceeds						9,720	9,720	1,023
Grants, including				capital grants;
Government			grants			102,196	102,196	45,229
						111,916	111,916	46,252

3 Income from chari	table activit	ies
		Unrestricted
		funds	Restricted	Total	Total
		General	funds	2022	2021
Studio rental		48,499		48,499	53,045
Fees4 sales		2,387		2,387	1,730
Fundraising		334	20,713	21,047
Grants			345,021	345,021	494,357
Membership &other	income	35,758		35,758	780
		86,978	365,734	452,712	549,912
4 Grants A donations
			Unrestricted	Restricted
			funds	funds	Total
Arts Council England			66,196	230,234	296,430
British Council				29,710	29,710
Architectural Heritage	Fund		9,720	24,720	34,440
Paul Hamlyn Foundation				20,000	20,000
New Art Exchange				12,000	12,000
University ofNottingham				7,700	7,700
NMG Ltd				5,760	5,760
DWP				4,336	4,336
Mighty Creatives				3,581	3,581
Castle Cavendish				3,000	3,000
Browne Jacobson				2,000	2,000
Nottingham Trent University				1,680	1,680
Framework				300	300
Nottingham City Council			36,000		36,000
			111,916	345,021	456,937

5 Expenditure on c	haritable	activities
		Unrestricted	funds	Restricted		Total	Total
		Designated	General	funds		2022	2021
Board expenses			74			74	383
Legal &professional	fees		5,454			5,454	2,365
Office costs			5,183			5,183	4,200
Rent &rates			113			113	2,073
Repairs &maintenance			7,146		811	7,957	18,052
Insurance			255			255	143
Events &fundraising			2,205	3,602		5,807	634
Marketing							1,864
Utilities			25,841			25,841	23,430
Depreciation		57,679				57,679	43,665
Programme costs			4,858	44,919		49,777	49,322
Intern costs				2,223		2,223	1,124
Bank charges			71			71	67
Training			38	2,897		2,935	1,232
Other expenditure			1,080			1,080	2,312
Travel & accommodation				1,878		1,878	42
Wages, NI &Pension			82,196	18,855		101,051	67,630
		57,679	134,514	75,	185	267,378	218,538

The aggregate payroll costs were as follows:
	2022	2021
Staff costs during the year were:
Wages and salaries	96,691	56,250
Social security costs	2,534	8,793
Pension costs	1,826	2,587
	101,051	67,630

2022	2021
No	No

7 Tangible fixed assets
	Land and	Furniture	and	Computer
	buildings	equipment		equipment		Total
Cost
At 1 April 2021	419,742		7,670		5,302	432,714
Additions	216,352					216,352
At 31March 2022	636,094		7,670		5,302	649,066
Depreciation
At 1 April 2021	116,800		6,574		1,326	124,700
Charge for the year	56,411		274		994	57,679
At 31March 2022	173,211		6,848		2,320	182,379
Net book value
At 31March 2022	462,883		822		2,982	466,687
At 31March 2021	302,942		1,096		3,976	308,014
8 Debtors
				2022		2021
Trade debtors				25,	182	3,218
Accrued income				5,595
Other debtors				108,611		49,236
				139,388		52,454
9 Cash and cash equivalents
				2022		2021
Cash on hand					242	433
Cash at bank				188,756		129,796
				188,998		130,229

					2022	2021
Trade	creditors				20,610	13,975
Other	taxation	and	social	security	1,733	1,908
Other	creditors				6,655	5,989
					28,998	21,872

12 Funds
								Balance at
				Balance at 1	Incoming	Resources		31March
				April 2021	resources	expended	Transfers	2022
Unrestricted	funds
General
General				25,549	198,894	(134,514)	10,374	100,303
Designated
Fixed Assets				308,014		(57,679)	216,352	466,687
Reserves				26,000			14,000	40,000
				334,014		(57,679)	230,352	506,687
Total unrestricted			funds	359,563	198,894	(192,193)	240,726	606,990
Restricted funds
Programme	s			109,262	99,867	(75,185)		133,944
Capital					265,867		(240,726)	25,141
Total restricted		funds		109,262	365,734	(75,185)	(240,726)	159,085
Total funds				468,825	564,628	(267,378)		766,075

								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
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

				2022
	General	Designated	Restricted	Total funds
Tangible fixed assets		466,687		466,687
Current assets	129,301	40,000	159,085	328,386
Current liabilities	(28,998)			(28,998)
Total net assets	100,303	506,687	159,085	766,075

Notes to the Fin	ancial Statements for the Year End	ancial Statements for the Year End	ed 31March 2	022
	Unrestricted
				2021
	General	Designated	Restricted	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

During the follows:	per	iod, the fees payable (excluding VA	T) to the charity's independent examiner a	re analysed a
			2022	2021
Independent	examination		940	940
Other financial		services	3,187	2,473
			4,127	3,413