2021-03-31-accounts - Mid Pennine Arts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		1	to	10
Statement ofTrustees'	Responsibilities
Independent Examiner's Report			12
Statement ofFinancial	Activities		13
Balance Sheet		14	to	15
Notes to the Financial	Statements	16	to	23
Detailed Statement of	Financial Activities

for the year ended 3	1	March	2021
							31/3/21	31/3/20
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes
&COME AND ENDOWMENTS FROM
Donations and legacies							61	340
Charitable activities
Local Authorities/Public		Sector			28,859	14,465	43,324	53,188
Lottery						52,14]	52,141	37,734
Trusts &foundations						22,]09	22,109	48,806
Government Cul tural	Recovery Fund				22,205	45,434	67,639
Other trading activities					45		45	30,953
Investinent income					29		29	25
T'otal					51,199	134,149	185,348	171,046
EXPENDITURE ON
Charitable activities
Costs ofdelivering Charitable			Activites		17,618	116,283	133,901	149,224
Premises k other costs					676	17,866	18,542	8,909
Governance costs					3,750		3,750	3,750
Other								8,226
Total					22,044	134,149	156,193	170,109
NET INCOME/(EXPENDITURE)					29,155		29,155	937
RECONCILIATION		OF FUNDS
Total funds brought	forward				9,786		9,786	8,849
TOTAL FUNDS CARRIED			FORWARD		38,941		38,941	9,786

3.	OTHER TRADING	A	CTIVITIES
				31/3/21	31/3/20
	Sundry Income			45	862
	Earned Income				30,091
				45	30,953
4.	INVESTMENT INCOME
				31/3/21	31/3/20
	Bank deposit interest			29	25
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting);
				31/3/21	31/3/20
	Depreciation -owned	assets		84
	Independent examiner			3,750	3,750
	Defined contribution	pension		1,823	1,728

All staff are employed	in a combination of	Charitab	le Activity and Support Staff	roles and total costs	are:
				31/03/2021	31/03/2020
Wages &Salaries				62,508	49,153
Social security costs				764	1,'J92
Pension costs				1,823	1,728
				65,095	52,073
The average monthly	number ofemployees	during	the year was as follows:
				3]/3/21	31/3/20
Total				2	2

No employees received emoluments in excess of$60,000.	No employees received emoluments in excess of$60,000.	No employees received emoluments in excess of$60,000.	No employees received emoluments in excess of$60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies			341		341
Charitable activities
Local Authorities/Public	Sector		20,550	32,638	53,188
Lottery				37,734	37,734
Trusts Scfoundations				48,806	48,806
Other trading activities			30,953		30,953
Investment income			25		25
Total			51,869	119,178	171,047
EXPENDITURE ON
Charitable activities
Costs ofdelivering Charitable		Acbvites	35,046	114,178	149,224
Premises Ec other costs			3,909	5,000	8,909
Governance costs			3,750		3,750
Other			8,226		8,226
Total			50,931	119,178	J70,109
NET INCOME/(EXPENDITURE)			937		937
RECONCILIATION	OF FUNDS
Total funds brought	forward		8,849		8,849
TOTAL FUNDS CARRIED		FORWARD	9 787		9,787

Notes to the Financial Statements - continued	Notes to the Financial Statements - continued
for the	year ended 31March 2021
9.	TANGIBLE FIXEDASSETS
			Plant and
			machinery
	COST
	At 1 April 2020		6,241
	Addi tions		667
	At 31March 2021		6908
	DEPRECIATION
	At 1 April 2020		6,241
	Charge for year		84
	At 31March 2021		6,325
	NET BOOK VALUE
	At 31 March 2021		583
	At 31 March 2020
10.	STOCKS
		31/3/21	31/3/20
	Stocks	911	2 348
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31/3/21	31/3/20
	Trade debtors	18,197	1,000
	VAT	1,544
	Accrued income	4,455	18,894
		24,196	19,894

CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
	31/3/21	31/3/20
Trade creditors	16,429	94718
VAT		621
Deferred income	64,041	15,243
Accrued expenses	23,959	14,273
	194,429	39,855

Pro ect Area/Fundin	B d					I~ncnnrin	~Onr nin	~Tren ier
						Resources	Resources	U/R Funds
Pendle Radicals
Pendle Hill Landscape	Partnership					14,465	(14,465)
Lancashire LEADER	- Rural Payments			Agency		19,217	(19,217)
Spodden Valley Revealed
Arts Council England	- Emergency		Fund			15,448	(154448)
Newground Together						3,892	(3,892)
Heritage Lottery Heritage Fund -		Emergencv			Fund	18,300	(18r300)
Heritage Lottery Heritage Fund -		Project Grant				5,841	(5,841)
Greenways
Prospects Foundation	- Windfall	Fund		not receivable		(1,000)	1,000
Core Costs
Arts Council England	- Emergency		Fund			12,552	(12,552)
DCMS - Cultural Recovery Fund						45,434	(45,434)
						134149	~134149

Mid Pennine Arts	Mid Pennine Arts
Detailed Statement ofFinancial Activities
for the year ended 31March 2021
		31/3/21	31/3/20
INCOME AND ENDOWMENTS
Donations and	legacies
Donations		61	340
Other trading	activities
Sundry Income		45	862
Earned Income			30,091
		45	30,953
Investment income
Bank deposit interest		29	25
Charitable activities
Grants		185,213	139728
Total incoming resources		185,348	171,046
EXPENDITURE
Charitable activities
Staff costs		65,372	43,847
Premises &Equipment		17,867	18,389
Prograinme &	Marketing	68,529	95,666
Other Costs		500
		152,268	1577902
Support costs
Other
Support staff	costs		8,226
Other Costs		175	231
		175	8,457
Governance	costs
Accountancy		3,750	3,750
Total resources	expended	730 193	170109
Net income		29,155	937