2022-03-31-accounts - Trinity Community Arts

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			Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers
Trustees' Report
Independent	Auditors' Report to the Trustees ofTrinity Community	Arts Limited	11-14
Consolidated	Statement ofFinancial Activities		15
Consolidated	Statement ofFinancial Position		16
Charity Statement ofFinancial Position			17
Consolidated	Statement ofCash Flows		18
Notes tothe	Financial Statements		19-38

Trustees			Helen Ashley
			Mijanou Blech, Chair (from				18August 2021)
			Alex Bradley
			Helen Duffy (appointed 8October					2021)
			Dr Glyn Everett,		Chair (until 18August 2021)
			Chris Luffingham		(appointed 8October 2021)
			Tom Marshman		(resigned	18May		2021)
			Claire McAlpine		(appointed		8October 2021)
			Fidel Meraz
			Natasha Nanuk	(appointed			8October 2021)
			Nir Paldi (appointed 8October 2021)
			Michelle Smith (appointed			8 October 2021)
			Khan Talbert Johnson (appointed					8October 2021)
Company	registered
number			04372577
Charity registered
number			1144770
Registered		office	The Trinity Centre
			Trinity Road
			Bristol
			Avon
			BS2ONW
Company	secretary		Ben Hargreaves,		Finance	Manager		(appointed		15February 2022)
			Carrie Spittlehouse, Finance Manager (resigned							15February 2022)
Principal	staff		Jamell Ackford,	Venue Manager
			Adam Gallacher,		Business		Development		Director
			Ben Hargreaves,		Finance	Manager		(appointed		15February 2022)
			Emma Harvey, CEO
			Rhiannon Jones,		Programme Director
			Carrie Spittlehouse, Finance Manager (resigned							15February 2022)
Independent		auditors	Bishop Fleming	LLP
			Chartered Accountants
			Statutory Auditors
			10Temple Back
			Bristol
			BS16FL
Principal	bankers		Triodos Bank
			Deanery Road
			Bristol
			BS15AS

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Note	2022 f	2022	2022	2021
INCOME FROIN:
Donations and legacies		448,991	389,546	838,53?	603,290
Charitable activities		33,781	4,193	37,974	?,510
Other trading activities		589,509		589,509	69,566
Investments		174		174	297
Other income		6,877		6,877	86,145
TOTAL INCOME		1,079,332	393,739	1,473,071	766,808
EXPENDITURE ON:
Raising funds		338,554		338,554	104,541
Charitable activities		654,043	314,456	968,499	6?0,617
TOTAL EXPENDITURE		SS2,59T	314,456	1,307,053	775,158
NET INCOME/(EXPENDITURE)
BEFORETAXATION		86,735	79,283	166&018	(6,350)
Taxation		(220)		(220)
NET INCOME/(EXPENDITURE)
AFTER TAXATION		86,515	T9,283	165,798	(8,350)
Transfers between funds	20	(56,541)	56,541
NET MOVEMENT IN FUNDS		29,9?4	135,824	165,798	(8,350)
RECONCILIATION OF FUNDS:
Total funds brought forward		2?3,504	62,512	336,016	344,366
Net movement in funds		29,974	135„824	165,798	(8,350)
TOTAL FUNDS CARRIED FORWARD		303,478	198,336	501,814	336,016

				2022	2022	2021	2021
			Note	f.		E	F
FIXEDASSETS
Tangible Fixed Assets			13		164,919		136,208
					164,919		136,208
CURRENT ASSETS
Stocks			15	20,384		5,838
Debtors			16	294,715		93,004
Cash at bank and		in hand		423,757		287,149
				738,856		385,991
Creditors: amounts		faliing due within one
year			17	(400,083)		(181,317)
NET CURRENT ASSETS					338,773		204,674
TOTAL ASSETS	LESSCURRENT
LIABILITIES					503,692		340,882
Creditors: amounts		falling due after more
than one year			18		(1,878)		(4,866)
TOTAL NET ASSETS					501,814		336,016
CHARITY FUNDS
Restricted funds			20		198,336		62,512
Designated funds			20	79,382		127,081
General funds			20	224,096		146,423
Total unrestricted	funds		20		303,478		273,504
TOTAL FUNDS					501,814		336,016

			2022		2021
			R		E
FIXEDASSETS
Tangible assets			184,228		134,868
Investments			1		1
			164,227		134,869
CURRENT ASSETS
Stocks		289		708
Debtors		258,214		124,396
Cash at bank and	in hand	239,199		186,789
		497,702		311,893
Creditors: amounts	falling due within one year	(183,110)		(113,742)
NET CURRENT ASSETS			334,592		198,151
TOTAL ASSETS LESSCURRENT LIABILITIES			498,819		333,020
TOTAL NET ASSETS			498,819		333,020
CHARITY FUNDS
Restricted funds			'I98,336		63,961
Unrestricted funds			300,483		269,05S
TOTALFUNDS			498,819		333,020

				2022	2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities				220,673	(7,103)
CASH FLOWS FROM INVESTING	ACTIVITIES
Dividends, interests and rents from	investments			174	297
Purchase oftangible fixed assets				(77,057)	(5,930)
NET CASH USED IN INVESTING ACTIVITIES				(T6,883)	(5,633)
CASH FLOWS FROM FINANCING	ACTIVITIES
Cash inflows from new borrowing					50,000
Repayments of borrowing				(7,182)
NET CASH (USED IN)/PROVIDED	BYFINANCING		ACTIVITIES	(7,182)	50,000
CHANGE IN CASH AND CASH EQUIVALENTS		IN	THE YEAR	136,608	3T,264
Cash and cash equivalents atthe beginning ofthe year				287,149	249,885
CASH AND CASH EQUIVALENTS	AT THE END	OF THE YEAR		423,757	287,149
The notes on pages 19to38form part ofthese financial statements

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2022 f	2022	2022	2021
GRANTS
Culture Recovery Funding	276,653		276,653	296,427
Arts Council				41,032
Power to Change		162,655	162,655	65,667
SUBTOTAL	276,653	162,655	439,308	403,126
Donations	3,233		3,233	2,007
Other Grants	169,105	226,891	395,996	198,157
SUBTOTAL	172,338	226,891	399,229	200,164
TOTAL 2022	448,991	389,546	838,537	603,290
TOTAL 2021	398,894	204,396	603,290
INCOME FROM CHARITABLE ACTIVITIES
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2022 f	2022 f	2022f	2021
Training		4,193	4,193	1,178
Room hire	33,781		33,781	6,332
TOTAL 2022	33,781	4,193	37,974	7,510

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
				f.
Events		32,067		32,067	20,840
Miscellaneous	income	2,724		2,724	999
TOTAL 2022		34,791		34,?91	21,839

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			f.
Trinity Community	Enterprises	Limited	554,718	554,718	47,727
TOTAL 2021			47,72?	47,727

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
174	174	297

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022 f.	2022 f	2022f	2021f
Other operating		income	4,180		4,180	36,086
Government	grants receivable		2,697		2,697	50,059
			6,877		6,877	86,145
TOTAL 2021			73,039	13,106	86,145

		Unrestricted	Total	Total
		funds	funds	funds
		2022f	2022f	2021f
Fundraising	expenses	34,909	34,909	23,101
OTHER TRADING EXPENSES

		Unrestricted	Total	Total
		funds	funds	funds
		2022f	2022f	2021f
Barcosts		196,332	196,332	14,063
Administration	expenses	42,158	42,158	12,786
Fundralsing	staff costs	64,508	64,508	53,944
Depredation		647	647	647
		303,645	303,645	81,440

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2022	2022	2022	2021
				E
Total expenditure	324,964	643,535	968,499	670,617
TOTAL 2021	231,709	438,908	670,617

	Total	Total
	funds	funds
	2022	2021
	E
Staff costs		108,533
Repairs and renewals	49,333	24,231
Subcontractors	187,508	91,639
Professional fees	88,123	7,306
	324,964	231,709

		Total	Total
		funds	funds
		2022	2021 .
		E	E
Staff costs		438,782	286,860
Depreciation		47,699	49,568
Repairs and renewals		14,347	18,550
Subcontractors		14,479	11,422
Computer maintenance		11,289	15,426
Equipment rental		16,8'77,	7,533
Unreclaimable	VAT	14,663	12,209
Insurance		12,869	12,537
Bank charges		941	691
Travel expenses		1,556	176
Licences		2,107	1,595
Adminstration	costs	6,552	2,434
Cleaning costs		23,559	5,062
Waste management		7,634	3,200
Accountancy costs		13,040	9,175
Electricity		9,081	1,986
Rates		5,332	(1,102)
Gas		2,728	1,586
		643,535	438,908

				Group	Group	Charity	Charity
				2022	2021	2022	2021
Wages and	salaries			453,979	403,877	393,622	352,917
Social security costs				25,423	24,510	23,125	23,145
Contribution	to defined	contribution	pension
schemes				23,888	20,950	22,035	19,331
				503,290	449,337	438,782	395,393

	Group	Group	Charity	Charity
	2022	2021	2022	2021
	No.	No.	No.	No.
Employees	41	37	29	29

			2022
			f.
CORPORATION	TAX
Current tax on net income/(expenditure)		for the year	220
TAXATION ON	NET INCOME/(EXPENDITURE)		220

					2022	2021
						F
Net income/(expenditure)	before tax				166,018	(8,350)
Net income/(expenditure)	multipiied	by the standard	rate ofcorporation	tax
in the UKof19(2021 - 19%).					31,543	(1,587)
EFFECTSOF:
To be allocated					(31,323)	1,587
TOTAL TAX CHARGE FOR THE YEAR					220

	Leasehold
	property	Fixtures	ONce
	improvements K	and fittings f	equipment	Total
COST OR VALUATION
At 1 April 2021	376,218	212,192	26,750	615,160
Additions	33,080	41,632	2,345	77,057
Disposals		(35,503)	(15,068)	(50,5TI)
At 31 March 2022	409,298	218,321	14,027	641,646
DEPRECIATION
At 1 April 2021	254,608	200,07?	24,267	478,952
Charge for the year	37,463	8,522	2,361	48,346
On disposals		(35,503)	(15,068)	(50,5TI)
At 31 March 2022	292,071	173,096	11,560	476,?2T
NET BOOKVALUE
At 31 March 2022	117227	45,225	2,467	164,919
At 31 March 2021	121,610	12,115	2,483	136,208

	Leasehold
	property	Fixtures	ONce
	Improvements	and fittings	equipment	Total
			E	R
COST OR VALUATION
At 1 April 2021	376,218	203,006	26,750	605,974
Additions	33,080	41,632	2,345	77,057
Disposals		(30,900)	(15,068)	(45,968)
At 31 March 2022	409,298	213,738	14,027	637,063
DEPRECIATION
At 1 April 2021	254,608	192,231	24,267	471,106
Charge for the year	37,463	T,875	2,361	47,699
On disposals		(30,900)	(15,068)	(45,968)
At 31 March 2022	292,071	169,206	11,560	472,837
NET BOOKVALUE
At 31 March 2022	117,22T	44,532	2,467	164,226
At 31 March 2021	121,610	10,775	2,483	134,868

		Group	Group	Charity	Charity
		2022	2021	2022	2021
			F
DUE WITHIN	ONE YEAR
Trade debtors		111,482	48,665	27,587	8,104
Amounts owed by group undertakings				58,790	77,009
Other debtors		72,457	4,448	61,561	1,972
Prepayments	and accrued income	110,776	39,891	110,276	37,311
		294,715	93,004	258,214	124,396

			Group	Group	Charity	Charity
			2022	2021	2022	2021
						E
Bank loans			42,818	50,000	42,818	50,000
Trade creditors			104,188	15,837	76,004	14,866
Other taxation and social security			81,771	5,517	7,106	5,435
Other creditors			72,363	39,059	17,228	23,783
Accruals	and deferred income		98,943	70,S04	19,954	19,658
			400,083	181,317	163,110	113,742
			Group	Group	Charity	Charity
			2022	2021	2022	2021
				E		E
Deferred	income analysis
Deferred	income at 1 April 2021		56,261	78,529	7,764	14,764
Resources deferred during the year			78,252	56,261	7,414	7,764
Amounts	released from previous	periods	(56,261)	(78,52S)	(7,764)	(14,764)
Deferred	income at 31 March 2022		?8,252	56,261	?,414	7,764

Group	Group
2022	2021
1,878	4,866

			Group	Group	Charity	Charity
			2022f	2021	2022 K	2021 E
FINANCIALASSETS
Financial	assets measured	at fair value
through	income and expenditure		423,757	287,149	239,199	186,789

STATEMENT OF	FU	NDS - CU	RRENT YEAR
							Balance at
			Balance at 1			Transfers	31March
			April 2021	Income	Expenditure	In/out	2022
				f.			R
UNRESTRICTED	FUNDS
DESIGNATED FUNDS
Fixed assets funds			127,081		(47,699)		79,382
GENERAL FUNDS
General fund			143,427	524,614	(390,400)	(56,541)	221,100
Trinity Community	Enterprises
Limited			2,996	554,718	(554,718)		2,996
			146,423	1,079,332	(945,118)	(56,541)	224,096
TOTAL UNRESTRICTED
FUNDS			273,504	1,079,332	(992,817)	(56,541)	303,478
RESTRICTED FUNDS
Architectural Heritage		Fund		45,000	(50,080)	5,080
Art ofResistance				40,430	(60,029)	19,599
Bristol Thriving Communities				5,000	(2,300)		2,700
Community Garden	Adult			13,200	(830)		12,370
Community Garden	Children		(5,661)	12,623	(15,005)	8,043
Digs Project			14,262	155,398	(16,729)		152,931
East Side People and		Places		3,000	(4,924)	1,924
Gentle Dance					(913)	913
Here 8 Now			2,500	5,000	(7,352)		148
Kickstart			14,957	7,257	(12,542)		9,672
Making Tracks			7,418	60,909	(53,958)		14,369
Moving Bristol			27,587	5,350	(53,919)	20,982
Newtown Network				572	(572)
Solar PV			1,449				1,449
Social Impact Programme				40,000	(35,303)		4,697
			62,512	393,739	(314,456)	56,541	198,336
TOTAL OF FUNDS			336,016	1,473,071	(1,307,273)		501,814

						Balance at
		Balance at			Transfers	31 March
		1 April 2020	Income	Expenditure	in/out	2021
		F	K			E
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
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 of Resistance			26,547	(17,547)	{9,000)
		148,390	219,094	(241,654)	(63,318}	62,512
TOTAI OF FUNDS		344,366	766,808	(775,158)		336,016

ANALY	SIS O	F NET ASSETS BETWEEN FUND	S -CURRENT YEAR
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022f	2022 f.
Tangible	fixed	assets	164,919		164,919
Current	assets		540,520	'j98,336	738,856
Creditors	due	within one year	(400,083)		(400,083)
Creditors	due	in more than one year	(1,878)		(1,878)
TOTAL			303,478	198,336	501,814

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
				R
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