2021-03-31-accounts - Trinity Community Arts

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				Page
Reference and Administrative Details ofthe Charity, its Trustees			and Advisers
Chair's Statement				2-3
Trustees' Report				4-11
Trustees' Responsibilities	Statement			12
Independent auditors' report to the Trustees ofTrinity Community			Arts Limited	13 - 16
Consolidated Statement	ofFinancial	Activities		17
Consolidated statement	offinancial	position		18
Charity Statement of Financial Position				19
Consolidated Statement	ofCash Flows			20
Notes to the Financial Statements				21 -41

Trustees			Helen Ashley
			Mijanou Blech,	Chair (from 18August 2021)
			Alex Bradley
			Dr Glyn Everett,	Chair (until 18August 2021)
			Hannah Fowler	(resigned	11 May 2020)
			Tom Marshman
			Fidel Meraz
			Laura Williams	(resigned	24 August 2020)
Company	registered
number			04372577
Charity registered
number			1144770
Registered		office	The Trinity Centre
			Trinity Road
			Bristol
			Avon
			BS2ONW
Company	secretary		Carrie Spittlehouse
Chief executive officer			Emma Harvey
Independent		auditors	Bishop Fleming	LLP
			Chartered Accountants
			Statutory Auditors
			10Temple Back
			Bristol
			BS16FL
Bankers			Triodos Bank
			Deanery Road
			Bristol
			BS15AS

Aims									Objectives
Long term		sustainability			ofthe organisation			and	- build reserves in line with policy
building									- repair and renovation offacilities
									- improve accessibility
									- improve green credentials
Respond	effectively		to	community			need		- increase number ofcommunity-led activities
									-develop partnerships to enhance scope and		reach
									-develop membership to widen engagement		and
									representation
									- build networks and support neighbourhood		initiatives
Increase	audience		representation				and		- building a relevant, responsive programme
participation		opportunities				for those who may			- developing partnerships to expand provision
otherwise	not engage			with		the arts			-support under-represented artists whose	work resonates
									with local audiences
									- develop platforms for making and influencing		programme
									decisions
Increase	our social		outputs			in line	with		-embed learning across our live-programme		and project
'Reaching		Communities'			objectives				activities
									—develop consortia to increase community	provision
									- deliver relevant activities e.g. around heritage themes			to
									increase social activity
									-assist and support relevant partners who	help reach		and
									engage target groups

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2021	2021f	2021	2020 E
INCOME FROM:
Donations and legacies			398,894	204,396	603,290	293,174
Charitable activities			5,948	1,562	7,510	65,489
Other trading activities			70,084	30	70,114	594,176
Investments			297		297	444
Other income			72,491	13,106	85,597
TOTAL INCOME			547,714	219,094	766,808	953,283
EXPENDITURE ON:
Raising funds			104,541		104,541	343,568
Charitable activities			428,963	241,654	670,617	632,291
TOTAL EXPENDITURE			533,504	241,654	775,158	975,859
NET INCOME/(EXPENDITURE)			14,210	(22,560)	(8,350)	(22,576)
Transfers between	funds	19	63,318	(63,318)
			77,528	(85,878)	(8,350)	(22,576)
NET MOVEMENT	IN FUNDS
RECONCILIATION	OF FUNDS:
Total funds brought	forward		195,976	148,390	344,366	366,942
Net movement in funds			77,528	(85,878)	(8,350)	(22,576)
			273,504	62,512	336,016	344,366
TOTAL FUNDS CARRIED FORWARD

			2021	2021	2020	2020
		Note			E	E
FIXEDASSETS
Tangible Fixed Assets		12		136,208		180,492
				136,208		180,492
CURRENT ASSETS
Stocks		14	5,838		11,765
Debtors		15	93,004		88,123
Cash at bank and	in hand		287,149		249,885
			385,991		349,773
Creditors: amounts	falling due within one
year		16	(181,317)		(180,546)
NET CURRENT ASSETS				204,674		169,227
TOTAL ASSETS LESSCURRENT
LIABILITIES				340,882		349,719
Creditors: amounts	falling due after more
than one year		17		(4,866)		(5,353)
TOTAL NET ASSETS				336,016		344,366
CHARITY FUNDS
Restricted funds		19		62,512		148,390
Designated funds		19	127,081		176,649
General funds		19	146,423		19,327
Total unrestricted	funds	19		273,504		195,976
TOTAL FUNDS				336,016		344,366

			2021	2020
			E	E
CASH FLOWS FROM OPERATING	ACTIVITIES
Net cash used in operating activities			(7,103)	49,123
CASH FLOWS FROM INVESTING	ACTIVITIES
Dividends, interests and rents from	investments		297	444
Purchase oftangible fixed assets			(5,930)	(25,785)
NET CASH USED IN INVESTING ACTIVITIES			(5,633)	(25,341)
CASH FLOWS FROM FINANCING	ACTIVITIES
Cash inflows from new borrowing			50,000
NET CASH PROVIDED BYFINANCING ACTIVITIES			50,000
CHANGE IN CASH AND CASH EQUIVALENTS		IN THE YEAR	37,264	23,782
Cash and cash equivalents at the beginning ofthe year			249,885	226,103
CASH AND CASH EQUIVALENTS	AT THE END	OF THE YEAR	287,149	249,885
The notes on pages 21 to 41 form part ofthese financial statements

Leasehold property	10'/o	straight	line
improvements
Fixtures and fittings	20'/o	straight	line
Office equipment	20'/o	straight	line

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021 f	2021	2021	2020 E
GRANTS
Cultural Recovery Funding	296,427		296,427
Arts Council		41,032	41,032
Power to Change	28,667	37,000	65,667
SUBTOTAL	325,094	78,032	403,126
Donations	1,057	950	2,007	9,734
Other Grants	72,743	125,414	198,157	283,440
SUBTOTAL	73,800	126,364	200,164	293,174
TOTAL 2021	398,894	204,396	603,290	293,174
TOTAL 2020	32,360	260,814	293,174

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
		E		F
Training		1,178	1,178	11,276
Room hire	5,948	384	6,332	45,963
Service contracts				8,250
TOTAL 2021	5,948	1,562	7,510	65,489

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
							F
Events				20,840		20,840	29,057
Miscellaneous	income			969	30	999	9,006
Trinity Community		Enterprises	Limited	48,275		48,275	556,113
TOTAL 2021				70,084	30	70,114	594,176

Unrestricted	Total	Total
funds	funds	funds
2021	2021	2020
K
297	297	444

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
Government	grants	receivable	72,491	13,106	85,597

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
				E
Fundraising	expenses	23,101	23,101	24,183
TOTAL 2020		24,183	24,183
OTHER TRADING EXPENSES
		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
				E
Barcosts		14,063	14„063	202,303
Administration	expenses	12,786	12,786	33,383
Fundraising	staff costs	53,944	53,944	83,052
Depreciation		647	647	647
		81,440	81,440	319,385
TOTAL 2020		319,385	319,385

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2021	2021	2021	2020
			E	E
Total expenditure	231,709	438,908	670,617	632,291
TOTAL 2020	191,185	441,106	632,291

	Total	Total
	funds	funds
	2021f	2020 E
Staff costs	108,533	91,322
Repairs and renewals	24,23'I	23,744
Subcontractors	91,639	71,111
Professional fees	7,306	5,008
	231,709	191,185

		Total	Total
		funds	funds
		2021	2020
			E
Staff costs		286,860	236,536
Depreciation		49,568	62,419
Repairs and renewals		18,550	18,139
Subcontractors		11,422	17,167
Computer maintenance		15,426	15,958
Equipment rental		7,533	6,285
Unreclaimable	VAT	12,209
Insurance		12,537	11,205
Bank charges		691	964
Travel expenses		176	1,394
Licences		1,595	5,199
Adminstration	costs	2,434	5,340
Cleaning costs		5,062	21,564
Waste management		3,200	6,773
Accountancy	costs	9,175	9,008
Electricity		1,986	12,504
Rates		(1,102)	7,140
Gas		1,586	3,511
		438,908	441,106

				Group	Group	Charity	Charity
				2021	2020	2021	2020
					F
Wages and	salaries			403,877	375,821	352,917	296,952
Social security costs				24,510	17,407	23,145	14,887
Contribution	to defined	contribution	pension
schemes				20,950	17,682	19,331	16,019
				449,337	410,910	395,393	327,858

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	No.	No.	No.	No.
Employees	37	44	29	25

	Leasehold
	property	Fixtures and	Office
	improvements f	fittings	equipment	Total
COST OR VALUATION
At 1 April 2020	376,218	206,262	26,750	609,230
Additions		5,930		5,930
At 31 March 2021	376,218	212,192	26,750	615,160
DEPRECIATION
At 1 April 2020	217,145	189,311	22,282	428,738
Charge for the year	37,463	10,766	1,985	50,214
At 31 March 2021	254,608	200,077	24,267	478,952
NET BOOK VALUE
At 31 March 2021	121,610	12,115	2,483	136,208
At 31 March 2020	159,073	16,951	4,468	160,492

	Leasehold
	property	Fixtures and	Office
	improvements	fittings	equipment	Total
				F
COST OR VALUATION
At 1 April 2020	376,218	197,076	26,750	600,044
Additions		5,930		5,930
At 31 March 2021	376,218	203,006	26,750	605,974
DEPRECIATION
At 1 April 2020	217,145	182,111	22,282	421,538
Charge for the year	37,463	10,120	1,985	49,568
At 31 March 2021	254,608	192,231	24,267	471,106
NET BOOK VALUE
At 31 March 2021	121,610	10,775	2,483	134,868
At 31 March 2020	159,073	14,965	4,468	178,506

Name						Company		Class of	Holding	Holding
						number		shares
Trinity	Community	Enterprises	Limited			07848421		Ordinary		100%
The financial results ofthe subsidiary				for	the year were:
Name						Income	Expendituref		Net	assets
Trinity	Community	Enterprises	Limited			83,813		(83,813)		2,997
Trinity	Community	Enterprises	Limited		made a gift aid	distribution to Trinity		Community	Arts	Limited	of
E1,235	(2020:f121,174).

		Group	Group	Charity	Charity
		2021	2020	2021	2020
			E
Bar	stock	5,838	11,765	708	765

		Group	Group	Charity	Charity
		2021	2020	2021	2020
		f.	F		E
DUE WITHIN	ONE YEAR
Trade debtors		48,665	73,074	8,104	8,983
Amounts owed by group undertakings				77,009	33,346
Other debtors		4,44&	8,671	1,972	6,986
Prepayments	and accrued income	39,891	6,378	37,311	6,378
		93,004	88,123	124,396	55,693

CREDITORS".AMOUNTS	CREDITORS".AMOUNTS	CREDITORS".AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
					Group	Group	Charity	Charity
					2021	2020	2021	2020
								E
Bank loans					50,000		50,000
Trade creditors					15,837	39,833	14,866	29,618
Other taxation and		social security			5,517	15,803	5,435	14,590
Other creditors					39,059	29,958	23,783	18,053
Accruals	and deferred income				70,904	94,952	19,658	25,155
Deferred	income at 31 March 2021				181,317	180,546	113,742	87,416
					Group	Group	Charity	Charity
					2021	2020	2021	2020
					E	E	E	E
Deferred	income analysis
Deferred	income at 1 April		2020		78,529	42,083	14,764	18,359
Resources deferred		during	the year		56,261	78,529	7,764	14,764
Amounts	released	from previous		periods	(78,529)	(42,083)	(14,764)	(18,359)
					56,261	78,529	7„764	14,764

							Group	Group
							2021f	2020f
	Other loans						4,866	5,353
18.	FINANCIAL		INSTRUMENTS
					Group	Group	Charity	Charity
					2021f	2020f	2021f	2020f
	FINANCIAL		ASSETS
	Financial	assets measured		at fair value
	through	income and expenditure			287,149	249,885	186,789	193,821

STATEMENT OF FUN	DS - CU	RRENT YEAR
						Balance at
		Balance at 1			Transfers	31 March
		April 2020	Income	Expenditure	in/out	2021
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets funds		176,649		(49,568)		127,081
GENERAL FUNDS
General fund		16,331	463,901	(400,123)	63,318	143,427
Trinity Community Enterprises
Limited		2,996	83,813	(83,813)		2,996
		19,327	547,714	(483,936)	63,318	146,423
TOTAL UNRESTRICTED
FUNDS		195,976	547,714	(533,504)	63,318	273,504
RESTRICTED FUNDS
Making Tracks/Youth Music		49,679	51,905	(89,171)	(4,995)	7,418
P2C19		27,393	51,049	(59,196)	(4,984)	14,262
Stay and Play/Children	in Need	13,103	7,635	(26,399)		(5,661)
Bristol Dance Futures		38,809	5,878	(15,200)	(1,900)	27,587
Kickstart/Power to Change		14,957				14,957
Here 8 Now/Future Arts	Centre
(Arts Council England)		3,000		(500)		2,500
Solar PV/Crowdfunder		1,449				1,449
ACEF 2020- Arts Council
emergency fund			36,080	(8,880)	(27,200)
CLF-Resonance CLF			30,000	(15,545)	(14,455)
CCF Covid Community	fund		10,000	(9,216)	(784)
Art ofResistance			26,547	(17,547)	(9,000)
		148,390	219,094	(241,654)	(63,318)	62,512
TOTAL OF FUNDS		344,366	766,808	(775,158)		336,016

						Balance at
		Balance at			Transfers	31 March
		1 April 2019	Income	Expenditure	in/out	2020
		F	E	'E	E	E
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets funds		215,373		(62,419)	23,695	176,649
Catalyst project fund		23,102		(6,707)	(16,395)
		238,475		(69,126)	7,300	176,649
GENERAL FUNDS
General fund		39,131	246,228	(277,925)	8,897	16,331
Trinity Community	Enterprises
Limited		2,400	434,939	(434,343)		2,996
TOTAL UNRESTRICTED
FUNDS		280,006		(781,394)	16,197	195,976

RESTRICTED FUNDS
Ignite 2019/Arts Council
England		2,580	5,750	(8,245)	(85)
Conservation Project/Heritage
Lottery Fund		18,332		(18,332)
Making Tracks/Youth Music		7,015	127,794	(91,451)	6,321	49,679
P2C19		32,624	29,404	(9,278)	(25,357)	27,393
Stay and Play/Children	in Need	21,189	2,932	(1 "I,353)	335	13,103
Children's Activity/Bristol	Youth
8 Community Action		1,912		(1,577)	(335)
Feasibility Study/Backstage
Trust		3,284		(2,843)	(441)
Bristol Dance Futures			42,734	(2,500)	(1,425)	38,809
Kickstart/Power to Change			57,053	(46,886)	4,790	14,957
Here 8 Now/Future Arts	Centre
(Arts Council England)			5,000	(2,000)		3,000
Solar PV/Crowdfunder			1,449			1,449
		86,936	272,116	(194,465)	(16,197)	148,390
TOTALOFFUNDS		366,942	272,116	(975,859)		344,366

ANALYS	IS O	F NET ASSETS BETWEEN FUND	S - CURRENT YEAR
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
				E
Tangible	fixed	assets	136,208		136,208
Current	assets		323,479	62,512	385,991
Creditors	due	within one year	(181,317)		(181,317)
Creditors	due	in more than one year	(4,866)		(4,866)
TOTAL			273,504	62,512	336,016

ANALY	SIS O	F NET ASSETS BETWEEN FUNDS	-PRIOR YEAR
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
				E
Tangible	fixed	assets	176,649	3,843	180,492
Current	assets		132,072	217,701	349,773
Creditors	due	within one year	(107,392)	(73,154)	(180,546)
Creditors	due	in more than one year	(5,353)		(5,353)
			195,976	148,390	344,366

			Group	Group
			2021	2020
Net expenditure for the year (as per Statement		of Financial Activities)	(8,350)	(22,576)
ADJUSTMENTS FOR:
Depreciation charges			50,214	63,065
Interest receivable			(297)	(444)
Decrease in stocks			5,927	1,811
Decrease/(increase)	in debtors		32,501	(57,870)
Increase/(decrease)	in creditors		(87,098)	65,137
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES			(7,103)	49,123
ANALYSIS OF CASH AND CASH EQUIVALENTS

						Group	Group
						2021	2020
							E
Cash	in	hand				287,149	249,885
TOTAL		CASH	AND	CASH	EQUIVALENTS	287,149	249,885

			At 1 April		At 31 March
			2020	Cash flows	2021
Cash	at bank and	in hand	249,885	37,264	287,149
Debt	due within 1	year		(50,000)	(50,000)
Debt	due after 1 year		(5,353)	487	(4,866)
			244,532	(12,249)	232,283