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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||||||||
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|||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|
##
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|||||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|
##
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||||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|
##
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|||||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||||||
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||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|
##
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|||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||
##
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|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||
##
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|||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|
##
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||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|
##
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|||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|
##
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||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2022|2021|2022|2021|
||No.|No.|No.|No.|
|Employees|41|37|29|29|
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||||2022|2021|
|---|---|---|---|---|
||||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||
##
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||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|
##
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|||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|
##
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||||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|
##
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|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|
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|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|
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