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|---|---|---|---|---|
|Report ofthe Trastees||1|to|6|
|Independent
Examiner's|Report||||
|Statement ofFinancial Activities|||||
|Balance Sheet|||||
|Notes to the Financial Statements||10|to|17|
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||||||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|
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|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|
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|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||
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||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|
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|||||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|
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|||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:|||
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|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|||||
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|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|
##
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|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)|
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