| Contents | |
|---|---|
| http://www. lifewithart. co.uk/ |
|
| Reference and Administrative Details |
|
| Trustees' Report |
2to 5 |
| Statement ofTrustees' Responsibilities |
|
| Independent Examiner's Report |
|
| Statement of Financial Activities |
|
| Balance Sheet | |
| Notes to the Financial Statements | 10to 20 |
| Recogn | ised Gain |
s and Losses | ) | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| funds | 2021 | 2020 | ||||
| Note | K | E | E | |||
| Income and Endowments | from: | |||||
| Charitable activities |
490,000 | 490,000 | 490,000 | |||
| Total Income | 490,000 | 490,000 | 490,000 | |||
| Expenditure on: |
||||||
| Raising funds | (272,362) | (272,362) | (355,943) | |||
| Charitable activities |
(36,535) | (36,535) | (188,360) | |||
| Total Expenditure | ~308,897) | ~(308,897 | ~544.303) | |||
| Net income/(expenditure) | 181,103 | 181,103 | ~54,303) | |||
| Net movement in funds |
181,103 | 181,103 | (54,303) | |||
| Reconciliation of |
funds | |||||
| Total funds brought | forward | 5,235 | 5,235 | 59,538 | ||
| Total funds carried | forward | 16 | 186,338 | 186,338 | 5,235 |
| Balance Sheet as at 3 | 1 March 202 | 1 | ||||
|---|---|---|---|---|---|---|
| Note | 2021 f. |
2020f | ||||
| Fixed assets | ||||||
| Tangible assets | 11 | 6,191 | 8,254 | |||
| Investments | 12 | 1 | 1 | |||
| 6,192 | 8,255 | |||||
| Current assets | ||||||
| Debtors | 13 | 5,034 | ||||
| Cash at bank | and | in hand | 14 | 183,931 | 11,745 | |
| 183,931 | 16,779 | |||||
| Creditors: Amounts | falling due within one year | 15 | (3,785 | 19,799 | ||
| Net current | assets/(liabilities) | 180,146 | (3,020) | |||
| Net assets | 186,338 | 5,235 | ||||
| Funds ofthe charity: | ||||||
| Unrestricted | income | funds | ||||
| Unrestricted | funds | 186,338 | 5,235 | |||
| Total funds | 16 | 186,338 | 5,235 |
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | Total | Total | |||||
| General | 2021 | 2020 | |||||
| E | E | ||||||
| Artists' | fees, | materials | and | expenses | 490,000 | 490,000 | 490,000 |
| a) Costs | oftrading activities |
||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total | Total | |||
| Note | General E |
2021 | 2020f | ||
| Other direct costs ofactivities for | |||||
| generating | funds | 260,268 | 260,268 | 343,482 | |
| Allocated | support costs | 9,644 | 9,644 | 10,626 | |
| 269,912 | 269,912 | 354,108 |
| b) Invest | ment m |
anagement cos |
ts | |||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total | Total | ||||
| General | 2021 | 2020 | ||||
| Note | E | E | ||||
| Allocated | support | costs | 6 | 2,450 | 2,450 | 1,835 |
| 2,450 | 2,450 | 1,835 |
| 5 Expenditu |
re on c |
haritable activities |
||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| Total | Total | |||||
| General | 2021 | 2020 | ||||
| Note | F | E | E | |||
| Artists' fees, | materials | and expenses | 34,183 | 34,183 | 184,008 | |
| Accountant's | remuneration | 2,352 | 2,352 | 4,352 | ||
| 36,535 | 36,535 | 188,360 |
| Governance | costs | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total | ||
| Generalf | funds | ||
| Independent | examiner fees | ||
| Other fees | paid to examiners | 2,352 | 2,352 |
| Total for 2021 | 2,352 | 2,352 | |
| Total for 2020 | 4,352 | 4,352 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| F | F | |||
| Depreciation | offixed | assets | 2,395 | 2,289 |
| 9 Independent examiner's remuneration |
||
|---|---|---|
| 2021 | 2020 | |
| F | F | |
| Other fees to examiners | ||
| All other services | 2,352 | 3,402 |
| 11Tangible fixed assets | ||
|---|---|---|
| Furniture and |
||
| equipment | Total | |
| F | F | |
| Cost | ||
| At 1 April 2020 | 30,402 | 30,402 |
| Disposals | (583) | (583) |
| At 31 March 2021 | 29,819 | 29,819 |
| Depreciation | ||
| At 1 April 2020 | 18,362 | 18,362 |
| Charge for the year | 2,933 | 2,933 |
| Eliminated on disposals |
||
| At 31 March 2021 | 21,019 | 21,019 |
| Net book value | ||
| At 31 March 2021 | 8,800 | 8,800 |
| At 31 March 2020 | 12,040 | 12,040 |
| Shares | in group undertakings | and participating | interests | interests |
|---|---|---|---|---|
| Shares | in group undertakings | and participating | interests | |
| Cost | ||||
| At 1 April 2020 and 31 March | 2021 | |||
| Net book value | ||||
| As at 1 | April 2020 and 31 March 2021 |
| share capital | are as follo | ws: | ||||||
|---|---|---|---|---|---|---|---|---|
| Country | of | Proportion | ofvoting | Principal | ||||
| Undertaking | incorporation | Holding | rights and | shares held |
activity | |||
| 2021 | 2020 | |||||||
| Subsidiary | undertakings | |||||||
| Life With Art Limited |
Trading | England Wales |
and | Ordinary | 100% | 100% | Operation of arts facilities |
| 13Debtors | ||
|---|---|---|
| 2021f | 2020 E |
|
| Trade debtors | 515 | |
| P repayments | 4,519 | |
| 5,034 |
| 14Cash and cash equi | valents | ||
|---|---|---|---|
| 2021 | 2020 | ||
| F | F | ||
| Cash at bank | 653,246 | 415,960 | |
| 15Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | ||
| F | E | ||
| Trade creditors | 1,313 | 6,207 | |
| Accruals | 2,472 | 3,592 | |
| Deferred income | 10,000 | ||
| 3,785 | 19,799 |
| 16Funds | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | |||
| April 2020 | resources | expended | March 2021 | |||
| F | E | E | ||||
| Unrestricted | funds | |||||
| General | ||||||
| Unrestricted | general | fund | 5,235 | 490,000 | (308,897 | 186,338 |
| Balance at 1 | Incoming | Resources | Balance at 31 | |||
| April 2019 | resources | expended | March 2020 | |||
| F | E | E | ||||
| Unrestricted | funds | |||||
| General | ||||||
| Unrestricted | general | fund | 59,538 | 490,000 | (544,303 | 5,235 |
| Unrestricted | |||
|---|---|---|---|
| General | Total funds | ||
| 2020 | F | F | |
| Tangible | fixed assets | 6,191 | 6,191 |
| Fixed asset investments | 1 | 1 | |
| Current | assets | 183,931 | 183,931 |
| Current | liabilities | 3,785 | (3,785 |
| Total net assets | 186,338 | 186,338 | |
| Unrestricted | |||
| General | Total funds | ||
| 2019 | F | ||
| Tangible | fixed assets | 8,254 | 8,254 |
| Fixed asset investments | 1 | 1 | |
| Current | assets | 16,779 | 16,779 |
| Current | liabilities | 19,799) | 19,799) |
| Total net assets | 5,235 | 5,235 |
| 18Analysis of ne |
t funds | |||
|---|---|---|---|---|
| At 1 April | Financing | At 31 March | ||
| 2020 | cash flows | 2021 | ||
| F | F | F | ||
| Cash at bank and | in hand | 11,745 | 172,186 | 183,931 |
| Net debt | 11,745 | 172,186 | 183,931 | |
| At 1 April | Financing | At 31 March | ||
| 2019 | cash flows | 2020 | ||
| F | F | |||
| Cash at bank and | in hand | 18,590 | (6,845) | 11,745 |
| Net debt | 18,590 | (6,845) | 11,745 |