2022-03-31-accounts - Mitchell Memorial Youth Arts Centre Ltd

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

		REPORT OF THE TRUSTEES
		For the year ended 31 March 2022
Auditor
Dains Audit Limited
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
Structure, Governance	and Management

		For	the year ende	d 31 March 202	2
				Unrestricted	Restricted	2022 Total	2021 Total
			Note	Fundsf	Fundsf	Fundsf	Fundsf
Income from
Donations and Legacies				91,100	51,312	142,412	252,773
Other trading activities				46,689		46,689
Charitable activities
Programming				156,674		156,674	(6,955)
Provision ofTheatre Activities				94,801		94,801	23,306
Interest received				85		85	138
Total Income				389,349	51,312	440,661	269,262
Expenditure on raising	funds		10	70,531		70,531	44,852
Charitable activities
Programming			10	141,280	1,595	142,875	16,914
Operation ofTheatre			10	174,273		174,273	153,720
Total expenditure				386,084	1,595	387,679	215,486
Net income I(expenditure)				3,265	49,717	52,982	53,776
Gross transfer between	funds		18	49,717	(49,717)
Net movement in funds				52,982		52,982	53,776
Fund balances at the beginning		ofthe year	18	5,027,744	4,589	5,032,333	4,978,557
Fund balances at the end of		the year	18	5,080,726	4,589	5,085,315	5,032,333

				A	s at 31 March	2022
					Note		2022		2021
Fixed assets
Tangible assets					14		4,813,698		4,823,293
Current assets
Stock					15	3,000
Debtors					16	9,058		2,030
Cash at bank	and in	hand				324,761		264,002
						336,819		266,032
Liabilities
Creditors: amounts		falling	due under	1 year	17	65,202		56,992
Net current assets							271,617		209,040
Total assets	less current		liabilities				5,085,315		5,032,333
Restricted funds					18	4,589		4,589
Designated	fuds				18	4,783,337		4,785,189
Unrestricted	income	funds			18
General						297,389		242,555
							5,085,315		5,032,333

			Note	2022f	2021 F
Cash flows from operating		activities
Net cash	generated from activities		22	61,661	106,319
Cash flows from investing		activities
Payments	to acquire tangible	fixed assets	14	(902)
Net cash	flow from investing activities
Net increase in cash and cash equivalents				60,759	106,319
Cash and	cash equivalents	at 1 April 2021		264,002	157,683
Cash and	cash equivalents	at 31 INarch 2022		324,761	264,002

Donatio	ns	and legacies
			Unrestricted	Restricted
			funds	funds	Total
			2022	2022f	2022f
Individual	donations		1,100	1,500	2,600
Government		grants		50,062	50.062
Grants —Other agencies			90,000	(250)	89,750
			91,100	51,312	142,412
			Unrestricted	Restricted
			funds	funds	Total
			2021	2021	2021
			f	f	f.
Individual	donations
Government grants Grants —Other agencies			40,171 92,000	84,402 36,200	124,573 128,200
			132,171	120,602	252,773

			Unrestricted	Unrestricted
			funds	Funds
			2022f	2021f
Cafe / bar sales			46,180
Other trading	income		509
			46,689
Income from charitable		activities —programming
			Unrestricted	Unrestricted
			funds	funds
			2022f	2021f
Ticket sales			150,322	(7,130)
Programming			6,352	175
			156,674	(6,955)

Income from charit	able	activities —hire ofth	eatre facilitie	s
						Unrestricted	Unrestricted
						Funds	Funds
						2022f	2021f
Hire of auditorium,	dance	studio and provision	of educational	facilities		86,941	23,306
Meeting room hire						7,860
						94 801	23,306
Analysis ofexpenditure		by activity
Charitable activities					Direct costs	Support costs	Total
2022					2022	2022	2022
Donations and legacies						56,332	56,332
Other trading activities					70,531	18,468	88,999
Programming					142,875	61,974	204,849
Provision oftheatre	activities					37,499	37,499
Interest received
Total					213„406	174273	387,679
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

			Restricted	Unrestricted
Charitable	activities		Reserves	Reserves	Total
2022			2022	2022	2022
Donations	and legacies			90,000	90,000
Other trading		activities		70,531	70,531
Programming			1,595	141,280	142,875
Provision	of	theatre activities		84,273	84,273
Interest received
Total			1,595	386084	387,679
			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	of	theatre activities
Interest received
Total			36,000	179486	215,486

Analysis of		expenditure:
			Unrestricted	Restricted
			funds	funds
Expenditure		on fundralsing	2022	2022	Totalf
Employment		costs	45,958		45,958
Supplies			24,393		24,393
Licenses			180		180
			70,531		70,531
Charitable	activities —programming
Employment		costs	25,359		25,359
Performance		costs	757	1,595	2,352
Bad debts
Ticket costs			5,661		5,661
Ticket settlements			109,504		109,504
ELS Project		costs
			141,280	1,595	142,875
Support costs
Employment		costs	59,406		59,406
Building running costs			54,231		54,231
Depreciation			10,497		10,497
Professional		fees and governance	3,450		3,450
Consultancy		fees	3,580		3,580
Administration		costs	43,109		43,109
			174,273		174,273

Analysis	o	fexpenditure —31 March 2021:
			Unrestricted	Restricted
			funds	funds
			2021	2021	Total
Expenditure		on fundraising		E
Employment		costs	40,938		40,938
Supplies			734	3,000	3,734
Licenses			180		180
			41,852	3,000	44,852
Charitable	activities —programming
Employment		costs	11,026		11,026
Performance		costs	501		501
Bad debts			1,266		1,266
Ticket costs			621		621
Ticket settlements			472	3,028	3,500
ELS Project		costs
			13,886	3,028	16,914
Charitable	activities —theatre facilities
Employment		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
Consultancy		fees	986	211	1,197
Administration		costs	18,787	6,081	24,868
			123,748	29,972	153,720

	2022	2021
		F
Wages and salaries	104,963	106,345
Social security	3,469	4,312
Pension cost	1,744	1,810
	110,174	112,467

The total nu	mber of em	ployees (i	ncluding part time staff) during the year was as	follows:
					2022	2021
Fundraising	and trading				4	5
Management	and administration
Movement	in total funds for the		year is stated after charging:
				2022		2021
				f
Auditors remuneration		—external	audit	3,450		3,300
Depreciation	oftangible	fixed assets		10,497		10,708
Operating lease rentals				2,167		1,433

14	Tangible fixed ass	et	s
						Freehold		Furniture,
						interest	in	fixtures	&	Computer
						buildingsf		fittingsf		Equipment F	Total F
	Cost
	As at 1 April 2021					4,792,597		93,233		18,883	4,904,713
	Additions									902	902
	As at 31 March 2022					4,792,597		93,233		19,785	4,905,615
	Depreciation
	As at 1 April 2021					7,408		56,361		17,651	81,420
	Charge for the year					1,852		8,147		498	10,497
	As at 31 March 2022					9,260		64,508		18,149	91,917
	Net book value
	As at 31 March 2022					4,783,337		28,725		1,636	4,813,698
	As at 31 March 2021					4,785,189		36,872		1,232	4,823,293
15	Stock
										2022 F	2021f
	Goods held for resale									3,000
16	Debtors
										2022f	2021f
	Trade debtors									6,068	1,627
	Other debtors									8
	Prepayments and accrued			income						2,983	403
										9,058	2,030
17	Creditors: amounts		falling	due	within one year
										2022 F	2021f
	Trade creditors									11,003	3,262
	Other creditors and	accruals								54,199	53,730
										65,202	56,992
	Deferred income
	Deferred income at 1		April							8,167	7,000
	Resources deferred	during		the year						8,647	8,167
	Amounts released	from previous			year					(8,167)	(7,000)
	Deferred income at 31 March									8,647	8,167

					Balance at 1				Transfer	Balance at 31
					April 2021f	Income f	Expenditure	f	between funds f	March 2022 f
Unrestricted		funds
General fund		and	non-
charitable trading			funds		242,555	389,349	384,232		49,717	297,389
Designated		funds
Designated	funds				4,785,189		1,852			4,783,337
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						(250)			250
Coronavirus		Job	Retention
Scheme						50,062			(50,062)
Film Feels						1,500	1,595		95
Partners on	creative			learning	200					200
					4,589	51,312	1,595		(49,717)	4,589
Total					5,032,333	440,661	387,679			5,085,315
Analysis of		fund	movements		—March 2021
					Balance at 1				Transfer	Balance at 31
					April 2020f	Incomef	Expenditure		between funds	March 2021f
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						84,402			(84,402)
Cultural Recovery			Fund			36,000	36,000
Partners on		Creative				200				200
Learning
					4,389	120,602	36,000		(84,402)	4,589
Total					4,978,557	269,262	215,486			5,032,333

Analysis of net as	sets —31 March 2022
		Restricted	Designated	General
		funds	funds	funds	Total
		f.	F	F	F
Tangible fixed assets			4,783,337	30,361	4,813,698
Current assets		4,589		332,230	336,819
Creditors: amounts	falling due within one year			(65,202)	(65,202)
		4,589	4,783,337	297,389	5,085,315

		Restricted	Designated	General
		funds F	funds F	fundsf	Totalf
Tangible fixed assets			4,785,189	38,104	4,823,293
Current assets		4,589		261,443	266,032
Creditors: amounts	falling due within one year			(56,992)	(56,992)
		4,589	4,785,189	242,555	5,032,333

				2022	2021
					F
Net movements		in funds		52,982	53,776
Add back depreciation			charge	10,497	10,708
Add back loss		on disposal ofassets
Movement	in stock			(3,002)	3,701
Movement	in debtors			(7,028)	5,834
Movements	in	creditors		8,209	32,300
				61,661	106,319

1 April		31 March
2021	Cash flows	2022
F
264,002	60,759	324,761
264,002	60,759	324,761

			2022	2021
			F
Amounts		payable
Within	1	year		903
Between		1 and 5years
				903

he carrying amounts	o	fthe c	harity's fin	ancial in	struments are as follows:
						2022 f	2021 f
Financial assets
Debt instruments	measured		at amortised cost
Debtors (Note 16)						6,608	1,627
Other debtors (Note 16)						8
Prepayments and Accrued income (Note 16)						2,983	403
						9,058	2,030
Financial liabilities
Measured at amortised		cost
Trade creditors (Note		17)				11,003	3,262
Other creditors and	accruals		excluding	deferred	income (Note 17)	45,552	45,563
						56,555	48,825