2021-03-31-accounts - Mitchell Memorial Youth Arts Centre Ltd

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			Pages
Report of the Trustees			1 to 10
Independent Auditors'	Report Statement of		11to 14
Financial Activities (incorporating		the income and	15
expenditure account)
Balance Sheet			16
Statement of Cash Flows			17
Notes forming part of	the financial	statements	18to 31

	MITCHELL MEMORIAL	YOUTH ARTS CENTRE LTD	YOUTH ARTS CENTRE LTD
	(Limited	by guarantee)
	REPORT OF	THE	TRUSTEES
	For the year ended		31 March 2021
Auditor
Dains LLP
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ
Bankers
Barclays Bank pic
Solicitors
Knights LLP
The Brampton
Newcastle under Lyme
Staffordshire
ST5 OQW

	For	the year ende	d 31 March 202	1
			Unrestricted	Restricted	2021 Total	2020Tota I
			Funds	Funds	Funds	Funds
		Note	E	E	f
Income from
Donations and Legacies			132,171	120,602	252,773	158,619
Other trading activities						79,391
Charitable activities
Programming Provision ofTheatre Activities			(6,955) 23,306		(6,955) 23,306	158,622 136,738
Interest received			138		138	531
Total Income			148,660	120,602	269,262	533,901
Expenditure on raising funds			41,852	3,000	44,852	81,200
Charitable activities
Programming			13,886	3,028	16,914	224,064
Operation ofTheatre Total expenditure			123,748 79,486	29,972 36,0 0	153,720 2, 6	201,798
Net income I (expenditure)			(30,826)	84,602	53,776	26,839
Gross transfer between funds		16	84,402	84,402
Net movement in funds			53,576	200	53,776	26,839
Fund balances atthe beginning	ofthe year	16	4,974,168	4,389	4,978,557	4,951,718
Fund balances at the end of	the year	16	5,027,744	4,589	5,032,333	4,978,557

					BALANCE	BALANCE	SHEET
					(Registration	Number:	06418190)
					As at	31 March	2021
						Note	2021		2020
Fixed assets
Tangible assets						12	4,823,293		4,834,001
Current assets
Stock						13		3,701
Debtors						14	2,030	7,863
Cash at bankandin		hand					264,002	157,683
							266,032	169,247
Liabilities
Creditors: amounts		falling	due under	1 year		15	56,992	24,691
Net currentassets							209,040		144,556
Total assets	less current		liabilities				5,032,333		4,978,557
Restricted funds						16	4,589	4,389
Designated	fuds					16	4,785,189	4,787,041
Unrestricted	income funds					16
General							242,555	187,127
							5,032,333		4,978,557

	STATEMENT OF	CASH FLOWS
	For the year ended	31 March 2021
			2021	2020
		Note	f	f
Cash flows from operating	activities
Net cash generated from activities		20	106,319	27,255
Cash flows from investing activities
Payments to acquire tangible	fixed assets			(17,662)
Net cashf low from investing	activities			(17,662)
Net increase in cash and cash equivalents			106,319	9,593
Cash and cash equivalents	at 1 April 2020		157,683	148,090
Cash and cash equivalents	at 31 March 2021		264 002	157683

Donatio	ns and legacies
		Unrestricted	Restricted
		funds	funds	Total
		2021 f	2021 f	2021f
Individual	donations
Governmentgrants		40,171	84,402	124,573
Grants —Other agencies		92,000	36,200	128,200
		132171	120602	252 773
		Unrestricted	Restricted
		funds	funds	Total
		2020f	2020f	2020
Individual	donations	600		600
Grants —Other agencies		110,000	48,019	158,019
		110600	48019	158619

		Unrestricted		Unrestricted
		funds		Funds
		2021		2020
		f.		f
Cafe/ bar sales				79,391
Other trading income
				79,391
Income from charitable	activities —programming
		Unrestricted		Unrestricted
		funds		funds
			2021	2020
			f	f
Ticket sales		(7,130)		152,240
Programming			175	6,382
		6955		158622

7	Income from charita	ble a	ctivities —hire oftheatre facilities
						Unrestricted	Unrestricted
						Funds	Funds
						2021f	2020 F.
	Hire of auditorium,	dance	studio and provision ofeducational	facilities		23,306	105,411
	Meeting room hire						31,327
						23306	136738
8	Analysis ofexpenditure		by activity
	Charitable activities				Direct costs	Support costs	Total
	2021				2021	2021	2021
	Donations and legacies					140,743	140,743
	Other trading activities				44,852	12,977	57,829
	Programming				16,914		16,914
	Provision oftheatre	activities
	Interest received
	Total				61,766	153,720	215&486
	Charitable activities				Direct costs	Support costs	Total
	2020				2020	2020	2020
	Donations and legacies					60,013	60,013
	Other trading activities				81,200	30,037	111,237
	Programming				224,064	60,014	284,078
	Provision oftheatre	activities				51,734	51,734
	Interest received
	Total				305264	201 798	507062

			Restricted	Unrestricted
Charitable	activities		Reserves	Reserves	Total
2021			2021	2021	2021
Donations	and legacies		27,442	113,301	140,743
Other trading activities			5,530	52,298	57,828
Programming			3,028	13,886	16,914
Provision	oftheatre	activities
Interest received
Total			36000	179486	215486
			Restricted	Unrestricted
Charitable	activities		Reserves	Reserves	Total
2020			2020	2020	2020
Donations	and legacies		451	59,562	60,013
Other trading activities			226	111,011	111,237
Programming			49,646	234,432	284,078
Provision	oftheatre	activities	389	51,345	51,734
Interest received
Total			50712	456 350	507062

Analysis of expenditure:
	Unrestricte d	Restricted
	funds	funds
Expenditure on fundraising	2021 8	2021 8	Totalf
Em ploym ent costs	40,938		40,938
Supplies	734	3,000	3,734
Licenses	180		180
	41,852	3,000	44,852
Charitable activities —programming
Em pl oym entcosts	11,026		11,026
Perform ance costs	501		501
Bad debts	1,266		1,266
Ticket costs	621		621
Ticket settlements	472	3,028	3,500
ELSProject costs
	6		6,9
Support costs
Em pl oym ent costs	60,503		60,503
Building running costs	32,764	20,380	53,144
Depreciation	10,708		10,708
Professional fees and governance		3,300	3,300
Consultancyfees	986	211	1,197
Administration costs	18,787	6,081	24,868
	1237 8	29972	20

Analysis ofexpenditure —31March 2020:
	Unrestricte d	Restricted
	funds	funds
	2020	2020	Total
Expenditure on fundraising	f.
Empl oym entcosts	41,918		41,918
Supplies	39,102		39,102
Licenses	180 8,200		180
Charitable activities —programming
Em ploym ent costs	38,150		38,150
Performance costs	14,808		14,808
Bad debts	3,593		3,593
Ticket costs	6,473		6,473
Ticket settlements	111,845		111,845
ELSProject costs		49,195	49,195
	174,869	46,195	224,064
Charitable activities —theatre facilities
Em pl oym entcosts Building running costs	72,840 50,016		72,840 50,016
Depreciation	10,506		10,506
Professional fees and governance	3,300		3,300
Consultancyfees	10,512	1,517	12,029
Administration costs	53,107		53,107
	200 281	1 517	201 798

Analysis ofstaff costs, trustee remuneration and key management personnel	Analysis ofstaff costs, trustee remuneration and key management personnel
2021 f 2020 f Wages and salaries Social security Pension cost 106,345 4,312 1,810 145,388 6,038 1,482 No employees had emoluments in excess off60,000(2020:None). During the year, no trustees received any remuneration, benefits in kind, or expenses (2020:fnil). The key managementpersonnel comprise the trustees and seniormanagement team as noted on page 1.The employee benefits forkey management personnel totalfNil (2020:fNil). Staff numbers The total number ofemployees (including part time staff) during the year was as follows:
Fundraising and trading Managementand administration 2021 5 2	020 6
Movement in total funds for the year is stated after charging: Auditors remuneration —external audit Depreciation oftangible fixed assets Operating lease rentals 2021 3,300 10,708 1,433 2020 f 3,300 10,506 1,433

The total nu	mber	ofemployees (including part time staff) during the	year was as follows:
			2021	2020
Fundraising	and	trading	5	6
Managementand		administration

14	Tangible fixed	asset	s
						Freehold		Furniture,
						interest	in	fixtures	&	Computer
						buildings		fittings		Equipment	Total
							E		E	E	E
	Cost
	As at 1 April 2020					4,792,597		93,233		18,883	4,904,713
	Additions
	As at 31 March	2021				4,792,597		93,233		18,883	4,904,713
	Depreciation
	As at 1 April 2020					5,556		47,922		17,234	70,712
	Charge forthe year					1,852		8,439		417	10,708
	As at 31 March	2021				7,408		56,361		17,651	81,420
	Net book value
	As at 31 March	2021				4,785,189		36,872		1,232	4,823,293
	As at 31 March	2020				4787 041		45 311		1649	4 834001
15	Stock
										2021	2020
										f	f
	Goods held forresale										3,701
16	Debtors
										2021	2020
	corn									f	E
	Trade debtors									1,627	5,187
	Prepayments and accrued income									403	2,676
										30
17	Creditors: amounts		falling	due within	one year
										2021f	2020 f
	Trade creditors									3,262	411
	Other creditors	and accruals								53,730	24,280
										56,992	24,691
	Deferred income
	Deferred in	eat 1	April							7,000	7,000
	Resources deferred during the year									8,167	7,000
	Amounts released from previous year									(7,000)	(7,000)
	Deferred income at31 March									8 167	000

			Balance at 1			Transfer	Balance at 31
			April 2020 f	Income f	Expenditure f	between funds f	March 2021 f
Unrestricted	funds
General fund and non-
charitable trading funds			187,127	148,660	177,634	84,402	242,555
Designated	funds
Designated	funds		4,787,041		1,852		4,785,189
Restricted funds
Kitchen Project			500				500
ELS			1,239				1,239
Mayors Fund			250				250
UK Youth Generate		Fund	2,400				2,400
YMCA Fund
Coronavirus	Job Retention
Scheme Cultural Recovery Fund				84,402 36,000	36,000	(84,402)
Partners on	creative	learning		200			200
			4,389	120,602	36,000	(84,402)	4,589
Total			4978557	269262	215486		5032333
Analysis of	fund movements		—March 2020
			Balance at 1			Transfer	Balance at 31
			April 2019f	Income f	Expenditure f	between funds f	March 2020 f
Unrestricted	funds
General fund and non-
charitable trading funds			156,020	485,882	454,498	(277)	187,127
Designated	funds
Designated	funds		4,788,893		1,852		4,787,041
Restricted funds
Kitchen Project			500				500
ELS			6,305	44,129	49,195		1,239
Mayors fund				490	240		250
UK Youth Generate		Fund		2,400			2,400
YMCA Fund				1,000	1,277	277
			6,805	48,019	50,712	277	4,389
Total			4886778	507 453	442 513		4978557

Analysis	of net as	sets-	31 March2021
				Restricted	Designated	General
				funds	funds	funds	Total
				f	f	f	E
Tangible	fixed assets				4,785,189	38,104	4,823,293
Currentassets				4,589		261,443	266,032
Creditors: amounts		falling	due within one year			(56,992)	(56,992)
				4589	4785189	242 555	5032333
Analysis	ofnet assets —31 March 2020
				Restricted fundsf	Designated fundsf	General funds f	Total f
Tangible	fixed assets				4,787,041	46,960	4,834,001
Current assets				4,389		160,109	169,247
Creditors: amountsfalling			due within one year			(24,691)	(24,691)
				4389	4787 041	187127	4978557

				2021	2020
				E	E
Net movements		in funds		53,776	26,839
Add back depreciation			charge	10,708	10,506
Add back loss		on disposal ofassets
Movement	in stock			3,701	(1,564)
Movement	in debtors			5,834	8,825
Movements	in	creditors		32,300	(17,351)
				106319	27255

				31 March		31 March
				2020	Cash flows	2021
					E	E
Cash	and	cash	equivalents	157,683	106,319	264,002
				157683	106319	264 002

		2021	2020
		E	E
Amounts	payable
Within 1	year	903	1,433
Between	1 and 5years		898