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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers||
|Trustees'
report||||2-6|
|independent
auditor's|report|on the financial statements||7-10|
|Statement offinancial|activities||||
|Balance sheet||||12|
|Statement ofcash flows||||13|
|Notes to the financial|statements|||14-30|
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|Trustees|||Mr RTA Medwell||
|---|---|---|---|---|
||||Mr J McGuigan||
||||Mrs D Jones (resigned|31 March 2022)|
||||G Fisher (resigned 28 September 2021)||
||||Mrs C Thompson||
||||Dr G Sharp||
||||Mrs M Kaur (appointed|17June 2021)|
||||Mr SStewart (appointed|18May 2021)|
|Company|registered||||
|number|||07409629||
|Charity registered|||||
|number|||1140913||
|Registered||office|Unit 4, Sandy Lane Business Park||
||||Daimler Powerhouse||
||||Sandy Lane||
||||Coventry||
||||England||
||||CV1 4DQ||
|Chief executive officer|||Jane Hytch||
|Independent||auditor|Dains Audit Limited||
||||15Colmore Row||
||||Birmingham||
||||B32BH||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|E.|F|E|E|
|income from:|||||||
|Donations
and legacies|||172,863|6,200|179,063|5,000|
|Charitable
activities|||325„788|810,695|1,136,483|2,403,247|
|Other trading
activities|||38,609||38,609|11,500|
|Total income|||537,260|816,895|1,354,155|2,419,747|
|Expenditure
on:|||||||
|Charitable
activities|||461,422|875,057|1,336,479|465,347|
|Total expenditure|||461,422|875,057|1,336,479|465,347|
|Net income/(expenditure)|||75,838|(58,162)|17,676|1,954,400|
|Transfers
between|funds|15|8,874|(8,874)|||
|Net movement
in|funds||84,712|(67,036)|17,676|1,954,400|
|Reconciliation
of|funds:||||||
|Total funds
brought|forward||107,376|2,787,385|2,894,761|940,361|
|Net movement
in funds|||84,712|(67,036)|17,676|1,954,400|
|Total funds carried forward|||192,088|2,720,349|2,912,437|2,894,761|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||F|E|
|Cash flows from operating||activities|||||
|Net cash used
in operating|activities||||106,962|1,905,751|
|Cash flows from investing||activities|||||
|Purchase
oftangible
fixed assets|||||(117,347)|(1,805,746)|
|Net cash used
in investing||activities|||(117,347)|(1,805,746)|
|Cash flows from financing||activities|||||
|Repayments
of borrowing|||||(82,000)||
|Net cash (used in)/provided||by financing|activities||(82,000)||
|Change
in cash and cash||equivalents
in|the year||(92,385)|100,005|
|Cash and cash equivalents||at the beginning|ofthe year||346,630|246,625|
|Cash and cash equivalents||at the end of|the year||254,245|346,630|
|The notes on pages 14to 30form part ofthese financial||||statements|||
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
|||F||
|Donations|172,863|6,200|179,063|
|Restricted|Total|
|---|---|
|funds|funds|
|2021|2021|
|E||
|5,000|5,000|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2022|
|||F|E||
|Grants|received|325,788|810,695|1,136,483|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
||||E|F|
|Grants|received|128,374|2,274,873|2,403,247|
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||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2022|
||||||E|E|
|Events,|rent|and|other|income|38,609|38,609|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021f|2021|
|Events,|rent|and|other|income|11,500|11,500|
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||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||funds|funds|Total|
||||2022|2022|2022|
||||E|F||
|Charitable|activities||461,422|875,057|1,336,479|
||||Unrestricted|Restricted||
||||funds|funds|Total|
||||2021|2021|2021|
|||||F|F|
|Charitable|activities||62,450|402,897|465,347|
|Summary|by expenditure|type||||
|||Staff costs|Depreciation|Other costs|Total|
|---|---|---|---|---|---|
|||2022|2022|2022|2022|
|||||F|F|
|Charitable|activities|95,591|111,424|1,129,464|1,336,479|
|||Staff costs|Depreciation|Other costs|Total|
|||2021|2021|2021|2021|
|||F|F|F|F|
|Charitable|activities|82,000|5,015|378,332|465,347|
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|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2022|2022|2022|
|||E|F||
|Charitable|activities|884,531|451,948|1,336,479|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021|2021|2021|
||||E|E|
|Charitable|activities|254,226|211,121|465,347|
|Analysis|ofdirect costs||||
||||Total|Total|
||||funds|funds|
||||2022|2021|
||||E|F|
|Project costs|||884,531|254,226|
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
||||||E|E|
|Staff costs|||||95„591|82,000|
|Depreciation|||||111,424|5,015|
|Office costs|||||44,563|18,837|
|Financial
management|||||46,000|45,625|
|Freelance support staff|||||88,734|31,896|
|Rent|||||34,254|269|
|Premises costs|||||14,570|16,150|
|Accountancy|fees||||3,648|1,200|
|Other support|fees||||6,423|3,457|
|Bank charges|||||241|472|
|Governance|costs||||6,500|6,200|
||||||451,948|211,121|
|Auditor's
remuneration|||||||
||||||2022|2021|
|||||||E|
|Fees payable|to the company's|auditor|for|the audit ofthe company's|||
|annual
accounts|||||6,500|6,200|
|Fees payable|to the company's|auditor|in|respect of:|||
|All taxation
advisory services not included||||above|1,360|2,010|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||F|F|
|Wages and|salaries|||90,472|77,889|
|Social security costs||||4,091|3,283|
|Contribution|to defined|contribution|pension schemes|1,028|828|
|||||95,591|82,000|
|2022|2021|
|---|---|
|No.|No.|
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||Long-term|||
|---|---|---|---|
||leasehold|Office||
||property|equipment|Total|
||E|E||
|Cost or valuation||||
|At 1 April 2021|1,968,400|27,579|1,995,979|
|Additions|97,621|19„726|117,347|
|At 31 March 2022|2,066,021|47,305|2,113,326|
|Depreciation||||
|At 1 April 2021||10,570|10,570|
|Charge for the year|103,386|8,038|111,424|
|At 31 March 2022|103,386|18,608|121,994|
|Net book value||||
|At 31 March 2022|1,962,635|28,697|1,991„332|
|At 31 March 2021|1,968,400|17,009|1,985,409|
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|||||||||||Godiva||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Puppet|Total|
|||||||||||2022f|2022
E|
|Carrying|value|at|1|April|2021|and|31|March|2022|645,000|645,000|
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|||2022|2021|
|---|---|---|---|
|||E|E|
|Due within one year||||
|Trade debtors||88,571|4,817|
|Other debtors||1,097|82,154|
|Prepayments|and accrued income|61,031|22,574|
|||150,699|109,545|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Trade creditors|||||||44,478|20,473|
|Other taxation||and||social security|||4,400|1,965|
|Other creditors|||||||4,236|82,529|
|Accruals|and deferred||||income||75,725|86,856|
||||||||128,839|191,823|
||||||||2022|2021|
||||||||E|E|
|Deferred|income at|||1 April 2021|||22,075|31,582|
|Resources deferred||||during the year|||14,748|22,075|
|Amounts|released||from previous|||periods|(22,075)|(31,582)|
||||||||14,748|22,075|
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|||||||Balance at||||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||1 April|||Transfers|31 March|
|||||||2021|Income|Expenditure|in/(out)|2022|
|||||||||F||E|
|Unrestricted
funds|||||||||||
|Designated
funds|||||||||||
|Creative Producer
/|Projects seed fund|||||40,000|||15,000|55,000|
|Daimler Core Costs|fund|||||25,000|||24,060|49,060|
|The Platinum
Jubilee||Pageant|||||105,313|(91,941)||13,372|
|||||||65,000|105,313|(91,941)|39,060|117,432|
|General funds|||||||||||
|General Funds||||||42,376|431,947|(369,481)|(30,186)|74,656|
|Total Unrestricted|funds|||||107,376|537,260|(461,422)|8,874|192,088|
|Restricted funds|||||||||||
|Heritage
Fixed Asset||Fund||||645,000||||645,000|
|Coventry
City Council||—Cultural|||Capital||||||
|Investment
Programme|||- Capital||fund|61,345|||(61,345)||
|Leasehold
Improvements||||& Equipment||1,968,400||(106,029)|115,450|1,977,821|
|Coventry
City Council|||||||14,666|(14,666)|||
|Paul Hamlyn
Foundation|||—Teach Make|||40,587|75,200|(51,343)||64,444|
|Arts Council England||—Bridge2Bamboo|||||240,000|(240,000)|||
|Arts Council England||—CRF|||||279,570|(279,570)|||
|Arts Council England||—FLOW|||||35,000|(1,916)||33,084|
|ACE - Continuity|||||||125,000|(125,000)|||
|Arts Council England||and||Foyle|||||||
|Foundation
—Fit-out||||||72,053||(9,074)|(62,979)||
|Other restricted
income|||||||47,459|(47,459)|||
|||||||2,787,385|816,895|(875,057)|(8,874)|2,720,349|
|Total offunds||||||2,894,761|1,354,155|(1,336,479)||2,912,437|
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||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at|||Transfers|31 March|
||||||1 April 2020|Income|Expenditure|in/out|2021|
|||||||F|E|||
|Unrestricted
funds||||||||||
|Designated
funds||||||||||
|Creative Producer|/|Projects||||||||
|seed fund|||||15,500|||49,500|65,000|
|General funds||||||||||
|General Funds|||||14,452|139,874|(62,450)|(49,500)|42,376|
|Total Unrestricted||funds|||29,952|139,874|(62,450)||107,376|
|Restricted funds||||||||||
|Heritage
Fixed Asset|||Fund||645,000||||645,000|
|Coventry
City Council|||—Cultural|||||||
|Capital Investment||Programme||||||||
|—Capital fund|||||252,936|1,638,742|(3,682)|(1,826,651)|61,345|
|Leasehold
Improvements||||8||||||
|Equipment||||||||1,968,400|1,968,400|
|Coventry
City Council|||||12,473|202,309|(73,033)|(141,749)||
|Paul Hamlyn
Foundation—||||||||||
|Teach Make||||||75,000|(34,413)||40,587|
|Arts Council England-||||||||||
|Bridge2Bamboo||||||47,286|(47,286)|||
|Arts Council England|||—CRF|||9,036|(9,036)|||
|Arts Council England|||—FLOW|||35,000|(35,000)|||
|ACE —Continuity||||||78,500|(78,500)|||
|Arts Council England|||and|Foyle||||||
|Foundation
—Fit-out||||||185,000|(112,947)||72,053|
|ACE —Fit out||||||9,000|(9,000)|||
||||||910,409|2,279,873|(402,897)||2,787,385|
|Total offunds|||||940,361|2,419,747|(465,347)||2,894,761|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|31 March|
|||April 2021|Income|Expenditure|in/out|2022|
||||E.|F|||
|Designated|funds|65,000|105,313|(91,941)|39,060|117,432|
|General funds||42,376|431,947|(369,481)|(30,186)|74,656|
|Restricted|funds|2,787,385|816,895|(875,057)|(8,874)|2,720„349|
|||2,894,761|1,354,155|(1,336,479)||2,912,437|
|Summary|offunds - prior year||||||
|||||||Balance at|
|||Balance at|||Transfers|31 March|
|||1 April 2020|Income|Expenditure|in/out|2021|
|||E||E|E||
|Designated|funds|15,500|||49,500|65,000|
|General funds||14,452|139,874|(62,450)|(49,500)|42,376|
|Restricted|funds|910,409|2,279,873|(402,897)||2,787,385|
|||940,361|2,419,747|(465,347)||2,894,761|
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|Analysis|of net assets between funds - cur|rent year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||F|E|E|
|Tangible|fixed assets|13,511|1,977,821|1,991,332|
|Heritage|assets||645,000|645,000|
|Current|assets|307,416|97,528|404,944|
|Creditors|due within one year|(128,839)||(128,839)|
|Total||192,088|2,720,349|2,912,437|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||||E|
|Tangible|fixed assets|17,009|1,968,400|1,985,409|
|Heritage|assets||645,000|645,000|
|Current|assets|264,595|191,580|456,175|
|Creditors|due within one year|(174,228)|(17,595)|(191,823)|
|Total||107,376|2,787,385|2,894,761|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E||
|Net income|for the|year (as per Statement|||of Financial Activities)|17,676|1,954,400|
|Adjustments|for:|||||||
|Depreciation|charges|||||111,424|5,015|
|Decrease/(increase)|||in debtors|||(41,154)|216,766|
|Increase/(decrease)|||in creditors|||19,016|(270,430)|
|Net cash provided||by operating||activities||106,962|1,905,751|
|Analysis of|cash|and cash equivalents||||||
|||||||2022|2021|
|||||||E|E|
|Cash
in hand||||||254,245|346,630|
|Total cash and cash|||equivalents|||254,245|346,630|
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