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2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2 to 5
Statement ofTrustees'		Responsibilities
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Notes to the Financial	Statements		10to 18

				African Cultural	Exchange	Exchange	Limited
				known as The	Link	Dance	Space
				Reference and Administrative			Details
Trustees				Paul Udenze
				Jennifer Gentles
				Maretha Wallace
				Oluwatoyin Odunsi
				Nigel Bryce Gardner
				Vincent Ugboh
Principal	Office			54-57 Floodgate St
				Digbeth
				Birmingham
				B55SL
				The charity is incorporated		in England &Wales.
Company	Registration		Number	3471844
Charity Registration			Number	1137490
Independent		Examiner		Bissell &Brown Birmingham Ltd
				Chartered Accountants
				12Portman Road
				Kings Heath
				Biimingham
				B13OSL
Accountants				Bissell &Brown Birmingham		Ltd
				Chartered Accountants
				12Portman Road
				Kings Heath
				Birmingham
				B13OSL

				Losses)
						Total	Total
				Unr estricted	Restricted	2021	2020
			Note
Income and Endolvments		from:
Voluntary income				405,560		405,560	408,655
Charitable activities				5,702	207,500	213,202	116,560
Investnlellt hlconle				121		121	385
Other income				39,944		39,944	14,485
Total Income				451,327	207,500	658,827	540,085
Expenditure on:
Raising funds				(4,047)		(4,047)	(7,305)
Charitable activities				(204,364)	(92,542)	(296,906)	(500,481)
Total Expenditure				(208,411)	(92,542)	(300,953)	(507,786)
Net income				242,916	114,958	357,874	32,299
Net movement in funds				242,916	114,958	357,874	32,299
Reconciliation offunds
Total funds brought	forward			201,348	41,000	242,348	210,049
Total funds carried forward				444,264	155,958	600,222	242,348

			Balance Sheet as at	31 March 2Q21
					2021	2020
				Note	K
Fixed assets
Tangible assets					4,750	6,314
Current assets
Stocks				12	502	465
Debtors				13	94,873	16,678
Cash at bank	and in hand			14	517,701	234,468
					613,076	251,611
Creditors: Amounts		falling due within	one year	15	(17,604)	(15,577)
Net current	assets				595,472	236,034
Net assets					600„222	242,348
Funds ofthe	charity:
Restricted income funds
Restricted funds					155,958	41,000
Unrestricted	income	funds
Unrestricted	funds				444,264	201„348
Total funds				16	600,222	242,348

			Unrestricted
			funds	Restricted	Total
			General	funds	funds
Donations	and legacies;
Donations from		individuals	241			241
Grants, including		capital grants;
Arts Council core grant			405,319		405,319
Total for	2021		405,560		405,560
Total for	2020		407,855	800	408,655

						Unrestricted
						funds	Restricted	Total
						General	funds	funds
	Aits Council	- Covid 19support					58,500	58,500
	British Council - Umumbano						25,000	25,000
	Esmee Fairburn		- Covid 19support				20,000	20,000
	Esmee Fairburn		- Education	Officer			40,000	40,000
	Esmee Fairbuni		- Radicalised	Communities			54,000	54,000
	Culture Central - Black Choreography				Project		10,000	10,000
	Earned income from performances					465		465
	Education and summer school					4,925		4,925
	Other income					312		312
Total for 2021						5,702	207,500	213,202
Total for 2020						59,416	57,144	116,560
5	Investment	income
							Unrestricted
							funds	Total
							General	funds
Interest receivable and similar income;
	Interest receivable		on bank deposits				121	121
Total for 2021							121	121
Total for 20ZO							385	385
6	Other income
							Unrestricted
							funds	Total
							General	funds
Rental income							1,590	1,590
Theatre tax credit		due					38,354	38,354
Total for 20Z1							39,944	39,944
Total for Z020							14„485	14,485

		Unrestricted
		funds	Restricted	Total
		General	funds	funds
Production costs		1,687	6,697	8,384
Merchandising costs		(37)		(37)
Tour travel &subsistence		307		307
Core costs allocation		(15,800)	15,800
Marketing &publicity		7,038		7,038
Artist &dance fees		15,517	4,200	19,717
Costumes		35		35
Wages &admin fees		20,410		20,410
Directors' salaries		92,137	3,303	95,440
Employers NI		1,008		1,008
Education officer			30,348	30,348
Benefits in kind		4,479		4,479
Pension costs		2,682		2,682
Staff costs incl training Rent &rates		1,980 21,097		1,980 21,097
Insurance		3,231		3,231
Light & heat		2,342		2,342
Cleaning		364		364
Repairs &renewals Covid 19costs		4,622	32,194	4,622 32,194
Stationery, print &office		836		836
Telephone		3,237		3,237
Legal and professional	fees	3,273		3,273
Computer costs		12,216		12,216
Travel &motor		1,405		1,405
Book-keeping/ accountancy		8,596		8,596
Independent examination		1,400		1,400
Subscriptions		777		777
Bank charges and interest		2,369		2,369
Depreciation		2,289		2,289
Other		4,867		4,867
Total for 20Z1		204,364	92,542	296,906
Total for 20ZO		435,541	64,940	500,481

2021	2020
No	No
		12

11 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
Cost
At I April 2020	253,964	18,078	22,290	294,332
Additions		724		724
At 31March 2021	253,964	18,802	22,290	295,056
Depreciation
At 1 April 2020	253,964	11,763	22,290	288,017
Charge for the year		2,289		2,289
At 31March 2021	253,964	14,052	22,290	290,306
Net book value
At 31 March 2021		4,750		4,750
At 31March 2020		6,315		6,315

1Z Stock
			2021	2020
Finished goods			502	465
13 Debtors
			2021	2020
Trade debtors			39,816	4,531
Prepay ments			9,765	11,637
Accrued income				500
Other debtors			6,938	10
Corporation	tax refund	(Theatre tax credit)	38,354
			94,873	16,678
14 Cash and	cash equivalents
			2021	2020
Cash on hand			36	36
Cash at bank			50,478	8,691
Short-term deposits			467,187	225,741
			517,701	234,468

15 Creditors:		am	ou	nts	f	alling due &vithin	one year
									2021	2020
Trade creditors									5,636	8,538
VAT										268
Other creditors									832	1,444
Accruals									3,224	5,327
Deferred income									7,912
									17,604	15,577
										2021
Resources defied			in the		period					7,912
16 Funds
							Balance at 1	Incoming	Resources	Balance at 31
							April 2020	resources	expended	March 2021
Unrestricted
General
Accumulated	Funds						51,348	451,327	(208,411)	294,264
Designated
Development	Fund						150,000			150,000
Total Unrestricted							201,348	451,327	(208,411)	444,264
Restricted
Esmee Fairbum		Covid 19				support		20,000	(20,000)
Esmee Fairburn		education				officer	40,000	40,000	(30,348)	49,652
Esmee Fairburn		radicaiised				communities		54,000		54,000
Cultural Spring,		formerly			Dianna		1,000			1,000
Black Choreographic				Project				10,000	(10,000)
British Council	Umumbano							25,000		25,000
Arts Council Covid			19support					58,500	(32,194)	26,306
Total restricted							41,000	207,500	(92,542)	155,958
Total funds							242,348	658,827	(300,953)	600,222

									Balance at
					Balance at 1	Incoming	Resources		31March
					April 2019	resources	expended	Transfers	2020
Unrestricted	funds
Generai
Accumulated	Funds				162,053	482,141	(442,846)	(150,000)	51,348
Designated
Development	Fund							150,000	150,000
Total unrestricted		funds			162,053	482,141	(442,846)		201,348
Restricted
Esmee Fairburn		education		officer		40,000			40,000
Cultural Spring,		formerly		Dianna	10,675	425	(10,100)		1,000
Black Choreographic			Project		4,402	10,000	(14,402)
Studio Capital grant					27,782		(27,782)
Erasmus					5,137	7,519	(12,656)
Total restricted	funds				47,996	57,944	(64,940)		41,000
Total funds					210,049	540,085	(507,786)		242,348