2020-12-31-accounts

			Page
Report ofthe Trastees		1	to	6
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements		10	to	17

					2020	2019
			Unrestricted		Total	Total
			fund		funds	funds
		Notes	f
INCOME AND ENDOWMFNTS FROM
Donations and legacies			46,067		46,067	192
Charitable activities
Arts Education			53498	1,162	54,460	95,723
Other trading activities			56,720		56,720	98,630
Investment income			15		15
Total			156,100	1,162	157,262	194,545
F.XPENDITURE ON
Ralsmg funds			17,079		17,079	29,852
Charitable activities
Arts Education			81,827	1,162	82,989	91,854
Support Costs			49,935		49,935	73,866
Total			148,841	1,162	150,003	195,572
NET INCOME/(EXPENDITURE)			7459		7~9	(1,027)
RECONCILIATION	OFFUNDS
Total funds brought forward			27,800		27,800	28,827
TOTAL FUNDS CARRIED FORWARD			35,059		35,059	27,800

BA~LCE~HKKT 3Ij)K~MQEg 2020
			2020	2019
		Unrestricted	Total	Total
		fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	14
CURRENT ASSETS
Stocks	15	9,162	9,162	9,655
Debtors	16	2,400	2,400	2,637
Cash at bank and in hand		35,949	35,949	32,981
		47,511	47,511	45473
CREDITORS
Amounts falling due within one year	17	(12,453)	(12,453)	(17,474)
NKTC~ASSETS		35,058	35,058	27,799
TOTAL ASSETSLESSCURRENT
LIABILITIES		35,059	35,059	27,800
NET ASSETS		35,059	35,059	27,800
FUNDS	18
Unrestncted funds			35,059	27,800
TOTAL FUNDS			35,059	27,800

2.	DONATIONS AND LKGACIKS
		2020	2019
	Donadons	24	192
	Grants	46,043
		46,067	192
	Grants received, included in the above, are as follows:
		2020	2019
		f	f
	Brighton aud Hove City Council - Covid Grant	27,000
	HtvtRC - Furlough Grant	19,043
		46,043
3.	OTHER TRADING ACTIVITIES
		2020	2019
	Shop sales	56,720	98,630
4.	INVESTMENT INCOME
		2020	2019
	Deposit account interest	15

	INCOME FR	OM	CHARITAB	LEAC~
						2020	2019
				Activity
	Income trom courses			Arts Educatiou		39,034	75,156
	Drop-in classes	and	yoga
	vouchers sold			Arts Education		915	2,446
	Room hire			Arts Education		8,795	18,052
	Miscellaneous	income		Arts Education		4454	69
	Grants			Arts Educagon		1,162
						54,460	95,723
	Grants received, mctudcd m the			above, are as follows:
						2020	2019
	National Lottery					1,162
	RAISING FUNDS
	Raising donations		and legacies
						2020 f	2019f
	Promotional printing					1,187	3,882
	Advertising					908	808
						2,095	4,690
	Other trading	activities
						2020	2019
							f.
	Purchases					14,984	25,162
	Aggregate amounts					17,079	29,852
7.	CHARITABLEAC~			COSTS
					Direct	Support
					Costs (see	costs (see
					note 8) f.	note 9) f.	Totalsf
	Arts Education				82,989		82,989
	Support Costs				47,302	2,633	49,935
					130491	2,633	132,924

				2020I	2019
Tutors fees				18,911	28,036
Course ruaterials				534	1,498
Complnnentary		ref'reshments			40
Bank charges				2,501	2,499
Staff costs				65422	66,093
Finance and	administration			5,174	5,947
Property costs				37,649	59,000
				130,291	163,113
SUPPORT COSTS
					Governance
					costs
Support Costs					2,633
Support costs, included			in the above, are as follows:
				2020	2019
				Support	Total
				Costs	activides
Independent	examination			450	450
Statutoty returns				133	347
Bookkeeping				2,050	1,810
				2,633	2,607

		2020	2019
		f,	f
Salaries		62,978	62,879
Social security costs		3,684	3,724
Wages for sessional staff
Pension costs			76
Average monthly	headcouut for the year was:

NOT	ES TO FINANCIAL STATEMENTS - contin d ED31DECEMBER2020	ES TO FINANCIAL STATEMENTS - contin d ED31DECEMBER2020	ES TO FINANCIAL STATEMENTS - contin d ED31DECEMBER2020
12.	COMPARATIVES FORTHESTA~ OFFINANCIAL ACTIVlTIES
			Unrestricted	Restricted	Total
			fund	fund	funds
					f.
	INCOME AND ENDOWMENTS FROM
	Donations and legacies				192
	Charitable acdvities
	Arts Education		95,723		95,723
	Other trading activities		98,630		98,630
	Total		194,545		194,545
	EXPENDITURE ON
	Raising funds		29,852		29,852
	Charitable activities
	Arts Education		91,854		91,854
	Support Costs		73,866		73,866
	Total		195,572		195,572
	NKT INCOME/EXPENDITURE)		(1,027)		(1,027)
	RKCONCILIATION	OFFUNDS
	Total funds brought forward		28,827		28,827
	TOTAL FUNDS CARRIED FORWARD		27,800		27,800
13.	INTANGIBLE FIXEDASSETS
					Intangible
					assets
					f
	COST
	At 1January 2020 and	31December 2020			10,401
	AMORTISATION
	At 1 January 2020 and	31December 2020			10,401
	NET BOOKVALUE
	At 31December 2020
	At 31 December 20 I9

14.	TANGIBLE FIXEDASSETS
		Furuitore,
		fittings
		and	Computer
		equipment f	equipment	Totals
	COST
	At 1January 2020 and 31December 2020	49,360	8,760	58,120
	DEPRECIATION
	At 1January 2020 aod 31December 2020	49,360	8,759	58,119
	NET BOOKVALUE
	At 31December 2020
	At31December 2019
15.	STOCKS
			2020	2019
				'f
	Stocks		9,162	9,655
16.	DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR
			2020	2019
			I,
	Trade debtors		35	273
	Prepaynrents		2,365	2,364
			2,400	2,637
17.	CREDITORSr AMOUNTS FALLING DUE~ONE YEAR
			2020	20I9
			I
	Trade creditors		2,412	5,859
	Social security and other taxes		453	1g74
	Studio and key deposits		800	980
	Accrued expenses		876	440
	Income received in advance		7,912	8,921
			12,453	17,474

MOVEMENT	IN FUNDS
				Net
				movement	At
			At 1.120	in funds	31.12.20
			f	f,	f
Unrestricted	funds
General fund			27,800	7,259	35,059
TOTAL FUNDS			27,800	7,259	35,059
Net movement	in fimds, included in the above are as follows:
			Incoming	Resources	Movement
			resources f	expended f.	in funds f
Unrestricted	funds
General fund			156,100	(148,841)	7~9
Restricted funds
National Lotnay			1,162	(1,162)
TOTAL FUNDS			157362	(150,003)	7459
Caruparatlves	for movement		in funds
				Net
				movemeut	At
			At 1.1.19	in funds	31.12.19
			f		f
Unrestricted	funds
General ftmd			28,827	(1,027)	27,800
TOTAL FUNDS			28,827	(1,027)	27,800
Comparative	net movement	in	funds, included in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in fimds f
Unrestricted	funds
General fund			194,545	(195,572)	(1,027)
TOTAI FUNDS			194,545	(195,572)	(1,027)