# ## ## ## ## ||||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|