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|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|
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|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||||
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||||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|
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|||||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|
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||||||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|
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|||||||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|
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|||||||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|
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|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|
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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|
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|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|
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|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|
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|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|
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Debtors|||||||
|||||2022||2021|
|Trade debtors||||25,|182|3,218|
|Accrued income||||5,595|||
|Other debtors||||108,611||49,236|
|||||139,388||52,454|
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Cash and cash equivalents|||||||
|||||2022||2021|
|Cash on hand|||||242|433|
|Cash at bank||||188,756||129,796|
|||||188,998||130,229|
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||||||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|
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|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|
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|||||||||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|
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|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|
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|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|
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