2022-03-31-accounts - Bluecoat Display Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		I	to	16
Independent Examiner's	Report		17
Statement ofFinancial	Activities
Balance Sheet		19	to	20
Notes to the Financial	Statements	21	to	36
Detailed Statement of Financial Activities		37	to	38

					31.3.22	31.3.21
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	6
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	9,653	35,740	45,393	132,633
Investment income			39,651		39,651	20,489
Total			49,304	35,740	85,044	153,122
EXPENDITURE ON
Charitable activities
Other support costs			87,003	10,953	97,956	134,233
NET INCOME/(EXPENDITURE)			(37,699)	24,787	(12,912)	18,889
Transfers between funds		16	1,000	(1,000)
Net movement in funds			(36,699)	23,787	(12,912)	18,889
RECONCILIATION	OFFUNDS
Total funds brought	forward		67,461	47,968	115,429	96,540
TOTAL FUNDS CARRIED FORWARD			30,762	71,755	102,517	115,429

		31.3.22	31.3.21
	Notes
FIXEDASSETS
Tangible assets Investments	9 10	1,871 I	543 I
		1,872	544
CURRENT ASSETS
Debtors		21	7,897
Cash at bank and in hand		125,739	144,893
		125,760	152,790
CREDITORS
Amounts falling due within one year	12	(25,115)	(37,905)
NET CURRENT ASSETS		100645	114885
TOTAL ASSETSLESS CURRENT
LIABILITIES		102,517	115,429
NKT ASSETS		102,517	115,429
FUNDS	15
Unrestricted funds Restricted funds		30,762 71,755	67,461 47,968
TOTAL FUNDS		102,517	115,429

		Restricted	Unrestricted	Total	Total
		funds	funds	31.3.2022	31.3.2021
					6
Donations and gifts		3,370	1,660	5,030	2,719
Subscriptions			2,867	2,867	2,331
Grants		24,170	5,126	29,296	127,583
Other income		8,200		8,200
		35,740	9,653	45,393	132,633
			Total	Total
ANALYSIS OF GRANTS			31.3.2022	31.3.2021
Liverpool City Council Lockdown		Grants	4,000	7,072
Arts Council Making Moves				15,000
The Cadent Foundation				12,000
Community Foundation	Lottery Fund			4,840
Arts Council Recovery Grant				47,127
LCVS Community Impact Fund				2,000
ACE Cultural Investment	Fund		1,000
LCC CEV Programme			19,170
PH Holt Foundation			2,000
Mersey Care NHS Trust			2,000
Job Retention Scheme Grants			1,126	39,544
			29,296	127,583
ANALYSIS OF OTHER INCOME			Total	Total
			31.3.2022	31.3.2021
World Gymnastics Championships/LCC			5,000
Peter Urquhart - auction	proceeds		3,200
			8,200

INVESTMENT INCOME
			Unrestricted	Total	Total
			funds	31.3.2022	31.3.2021
Rent received from trading subsidiary Gift aid receivable from trading subsidiary			31,904 7,615	31,904 7,615	20,387
Interest on cash deposits			132	132	102
			39,651	39,651	26 469
SUPPORT COSTS
			Management	Finance	Totals
Unrestricted funds			86,957	46	87,003
Restricted funds			10,953		10953
			97,910	46	97,956
Support costs included in the above are as	follows:			31.3.22	31.3.21
Salaries				35,100	34,099
Job retention scheme grant element transferred Pensions Recharge ofrunning costs from subsidiary Rent and service charge Accountancy and Independent Examination fee Accountancy - other services Sundries Outreach project costs Exhibition costs Computer support and website Depreciation offixed assets Interest payable and similar charges		to	subsidiary	563 3,156 6,141 39,880 2,750 1,976 834 2,193 5,189 128 46	27,850 3,119 6,469 40,774 2,750 1,140 1,999 6,326 163 9,360 95 89
				97,956	134,233

				31.3.22	31.3.21
Depreciation	-	owned	assets	128	95
Independent	examiner's		remuneration	2,750	2,750
Other operating		leases		38,160	35,081

		31.3.22	31.3.21
Wages Pension	and Salaries costs	35,100 3,156	34,099 3,119
		38,256	37,218

The average monthly	number ofemployees (equivalen	t full time staff) during the year was	as follows:
		31.3.22	31.3.21
Management		1	1
Other administrative	staff	I	I
Gallery assistants		I	I
Assistant directors		2	2

No employees received employee benefits (excluding employer pension costs) ofmore than f	No employees received employee benefits (excluding employer pension costs) ofmore than f	No employees received employee benefits (excluding employer pension costs) ofmore than f	No employees received employee benefits (excluding employer pension costs) ofmore than f	60,000.
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
		f.
INCOME AND ENDOWMENTS FROM Donations and legacies		50,296	82,337	132,633
Investment income		20,489		20,489
Total		70,785	82,337	153,122
EXPENDITURE ON
Charitable activities Other support costs NET INCOME		69,440 1,345	64,793 17,544	134,233 18,889
RECONCILIATION	OFFUNDS
Total funds brought	forward	66,116	30,424	96,540
TOTAL FUNDS CARRIED FORWARD		67,461	47,968	115,429

TANGIBLE FIXEDASSE	TS
	New		Fixtures
	building	Building	and	Computer
	project	alterations	fittings	equipment	Totals
		6
COST
At 1 April 2021 Additions	186,387	4,077	40,667	18,102 1,457	249,233 1,457
At 31March 2022	186,387	4,077	40,667	19,559	250,690
DEPRECIATION
At 1 April 2021 Charge for year	186,387	3,788 29	40,413 51	18,102 49	248,690 129
At 31March 2022	186,387	3,817	40,464	18,151	248,819
NET BOOK VALUE
At 31March 2022		260	203	1,408	1,871
At 31March 2021		289	254		543

10.	FIXEDASSETINVEST	MENTS -continued	MENTS -continued
	Bluecoat Display Centre	(Trading) Limited
	Registered office:
	Nature ofbusiness: Promoting		arts and culture.
				'/o
	Class ofshare:			holding
	Ordinary			100	31.3.22	31.3.21
	Aggregate capital and reserves Profit/(loss) for the year				I 7,022	(7,021) ~7122
11.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.3.22	31.3.21
						f,
	Amount due from subsidiary
	company Prepayments and accrued	income			21	7,878 19
					21	7,897
12.	CREDITORS: AMOUNTS FALLING DUE			WITHIN ONE YEAR
					31.3.22	31.3.21
	Trade creditors				14,574	17,530
	Social security and other VAT	taxes			5,163 2,611	1,461 6,204
	Amount due to subsidiary company Accruals and deferred income				17 2,750	12,710
					25,115	37,905

Due	within one year	41,240
Due	between one and five years	116,189

				31.3.22	31.3.21
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
Fixed assets		1,871		1,871	543
Investments		I		I	I
Current Current	assets liabilities	54,005 ~25,115)	71,755 -	125,760 152,790 ~25,115)~37,995)
		30,762	71,755	102,517	115,429

MOVEMENT IN FUNDS
			Net	Transfers
			Movement	between	At
		At 1.4.21	in funds	funds	31.3.22
Unrestricted funds
General fund		67,461	(37,699)	1,000	30,762
Restricted funds
PH Holt Trust			2,000		2,000
The Cadent Foundation		12,000			12,000
Liverpool City Council Price Parry Charitable Trust Frohlich Estate Award		1,000 25,500	22,170		22,170 1,000 25,500
Mersey Care NHS Foundation Art Fund	Trust 1,828		2,000 (1,828)		2,000
Arts Council Making Moves LCVS Community Impact Fund Urquhart Mask Contemporary Ceramics		5,640 2,000	(5,640) 3,370 2,715	(1,000)	1,000 3,370 2,715
		47968	24,787	~1,000)	71,755
TOTAL FUNDS			~12,912)		102,517
Net movement in funds, included		in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
					f.
Unrestricted funds
General fund			49,304	(87,003)	(37,699)
Restricted funds
PH Holt Trust			2,000		2,000
Liverpool City Council Mersey Care NHS Foundation Art Fund	Trust		24,170 2,000	(2,000) (1,828)	22,170 2,000 (1,828)
Arts Council Making Moves Urquhart Maak Contemporary Ceramics ACE Cultural Investment Fund			3,370 3,200 1,000	(5,640) (485) (1,000)	(5,640) 3,370 2,715
TOTAL FUNDS			85,044	(97,956)	(12,912)

MOVEMENT IN FUNDS - c	MOVEMENT IN FUNDS - c	MOVEMENT IN FUNDS - c	ontinued
Comparatives for movement			in funds
					Net
					movement	At
				At 1.4.20	in funds	31.3.21
				E
Unrestricted funds
General fund				66,116	1,345	67,461
Restricted funds
The Cadent Foundation					12,000	12,000
Rathbone Trust				250	(250)
Skelton Bounty Price Parry Charitable Frohlich Estate Award	Trust			846 2,000 25,500	(846) (1,000)	1,000 25,500
ArtFund				1,828		1,828
Arts Council Making Moves LCVS Community Impact Fund					5,640 2,000	5,640 2,000
				30,424	17,544	47,968
TOTAL FUNDS				96,540	18,889	115,429
Comparative net movement		in	funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				70,785	(69,440)	1,345
Restricted funds
The Cadent Foundation				12,000		12,000
Rathbone Trust					(250)	(250)
Skelton Bounty Price Parry Charitable Trust National Lottery Community Fund Arts Council Recovery Grant Arts Council Making Moves LCVS Community Impact Fund Voucher scheme - donations				4,840 47,127 15,000 2,000 1,370	(846) (1,000) (4,840) (47,127) (9,360)	(846) (1,000) 5,640 2,000
				82,337	~64,793	17,544
TOTAL FUNDS				153,122	(134,233)	18,889

				Net	Transfers
				Movement	between	At
			At 1.4.20	in funds	funds	31.3.22
Unrestricted funds
General fund			66,116	(36,354)	1,000	30,762
Restricted funds
PH Holt Trust				2,000		2,000
The Cadent Foundation				12,000		12,000
Liverpool City Council				22,170		22,170
Rathbone Trust			250	(250)
Skelton Bounty Price Parry Charitable Trust Frohlich Estate Award			846 2,000 25,500	(846) (1,000)		1,000 25,500
Mersey Care NHS Art Fund	Foundation	Trust	1,828	2,000 (1,828)		2,000
LCVS Community Urquhart Mask Contemporary	Impact Fund Ceramics			2,000 3,370 2,715	(1,000)	1,000 3,370 2,715
			30424	42,331	~1000)	71,755
TOTAL FUNDS				5,977		102,517

A current year 12 months an above are as follows:	d prior year 12 mon	ths combined net movem	ent in funds, i	ncluded in th
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		120,089	(156,443)	(36,354)
Restricted funds
PH Holt Trust		2,000		2,000
The Cadent Foundation		12,000		12,000
Rathbone Trust			(250)	(250)
Skelton Bounty Liverpool City Council Price Parry Charitable Trust Mersey Care NHS Foundation Art Fund	Trust	24,170 2,000	(846) (2,000) (1,000) (1,828)	(846) 22,170 (1,000) 2,000 (1,828)
National Lottery Community	Fund	4,840	(4,840)
Arts Council Recovery Grant		47,127	(47,127)
Arts Council Making Moves LCVS Community Impact Fund Voucher scheme - donations		15,000 2,000 1,370	(15,000) (1,370)	2,000
Urquhart Mask Contemporary Ceramics ACE Cultural Investment Fund		3,370 3,200 1,000	(485) ~1,000	3,370 2,715
		118,077	75 746	42,331
TOTALFUNDS		238,166	(232,189)	5,977

	31.3.22	31.3.21
INCOME AND ENDOWMENTS
Donations and legacies Donations Grants Subscriptions Other income	5,030 29,296 2,867 8,200	2,719 127,583 2,331
	45,393	132,633
Investment income
Gift aid payment due from subsidiary	7,615
company Rent received from subsidiary Deposit account interest	31,904 132	20,387 102
	39,651	20,489
Total incoming resources	85,044	153,122
EXPENDITURE
Support costs
Management Salaries	35,100	34,099
Job Retention Scheme grant element transferred to subsidiary Pensions Recharge ofrunning costs from subsidiary Rent and service charge Computer support and website Accountancy Accountancy -other services Sundries Exhibition costs Outreach project costs Carried forward	563 3,156 6,141 39,880 2,750 1,976 834 5,189 2,193 97,782	27,850 3,119 6,469 40,774 9,360 2,750 1,140 1,999 163 6,326 134,049

	31.3.22	31.3.21
Management Brought forward Improvements to property Fixtures and fittings	97,782 77 51	134,049 32 63
	97,910	134,144
Finance
Bank charges	46	89
	46	89
Total resources expended	97,956	134,233
Net (expenditure)/income	~12,912)	18,889