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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|
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||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||||
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||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|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|
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|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|
##
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|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|
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||||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|
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|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|
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|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|||
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|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|
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||||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|
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|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|
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|||||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|
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|||||31 March||31 March|
|---|---|---|---|---|---|---|
|||||2020|Cash flows|2021|
||||||E|E|
|Cash|and|cash|equivalents|157,683|106,319|264,002|
|||||157683|106319|264 002|
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|||2021|2020|
|---|---|---|---|
|||E|E|
|Amounts|payable|||
|Within
1|year|903|1,433|
|Between|1 and 5years||898|
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