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|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|
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|||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|
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||||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|
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||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||||funds|Total|Total|
||||||General|2021|2020|
|||||||E|E|
|Artists'|fees,|materials|and|expenses|490,000|490,000|490,000|
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|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|
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|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|
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|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|
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|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|
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||||2021|2020|
|---|---|---|---|---|
||||F|F|
|Depreciation|offixed|assets|2,395|2,289|
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|9
Independent
examiner's
remuneration|||
|---|---|---|
||2021|2020|
||F|F|
|Other fees to examiners|||
|All other services|2,352|3,402|
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|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|
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|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||||
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|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|
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|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|
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|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|
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|||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|
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|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|
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