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|||||Pages|
|---|---|---|---|---|
|Trustees'
annual report (incorporating|the|directors' report)||1to 6|
|Independent
examiner's
report to the|trustees|||7tog|
|Statement offinancial activities (including||income and expenditure|account)||
|Statement offinancial position||||10to 11|
|Statement ofcash flows||||12|
|Notes to the financial statements||||13to 25|
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||YEAR|ENDE|D 31DECEM|BER 2020|||
|---|---|---|---|---|---|---|
|||||2020||2019|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note||f,|||
|Income and endowments|||||||
|Donations
and legacies||5|138,192||138,192|49,811|
|Charitable
activities||6|47,166|101,810|148,976|286,596|
|Other trading activities||7|90,119|7,000|97,119|199,393|
|Investment
income||8|677||677|578|
|Other income||9|554||554||
|Total income|||276,708|108,810|385,518|536,378|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Costs ofother trading|activities|10|24,186|540|24,726|159,473|
|Expenditure
on charitable|activities|11,12|225,806|50,873|276,679|343,519|
|Total expenditure|||249,992|51,413|301,405|502,992|
|Net income|||26,716|57,397|84,113|33,386|
|Transfers between
funds|||12,598|(12,598)|||
|Net movement
in funds|||39,314|44,799|84,113|33,386|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||121,155|67,173|188428|154,942|
|Total funds carried forward|||160,469|111,972|272,441|188,328|
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|||||2020||2019|
|---|---|---|---|---|---|---|
||||Note||||
|Fixed assets|||||||
|Tangible fixed assets|||19||25,479|31,330|
|Current assets|||||||
|Stocks|||20|3,496||4,252|
|Debtors|||21|6,563||15,308|
|Cash at bank|and in hand|||256,969||177,429|
|||||267,028||196,989|
|Creditors: amounts||falling due within one year|22|20,066||39,991|
|Net current|assets||||246,962|156,998|
|Total assets|less current liabiTities||||272,441|188,328|
|Net assets|||||272,441|188,328|
|Funds ofthe|charity||||||
|Restricted funds|||||111,972|67,173|
|Unrestricted|funds||||160,469|121,155|
|Total charity|funds||24||272,441|188,328|
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|||YEAR EN|DED 31DECEMB|ER 2020||
|---|---|---|---|---|---|
|||||2020|2019|
|Cash flows from operating||activities||||
|Net income||||84,113|33,386|
|Adjustments for:||||||
|Depreciation oftangible fixed assets||||6,864|4,244|
|Other interest receivable snd||similar income||(677)|(578)|
|Loss on disposal ofheritage||assets||293||
|Accrued (income)/expenses||||(17,705)|2,380|
|Changes in:||||||
|Stocks||||756|(1,585)|
|Trade and other debtors||||8,745|(339)|
|Trade and other creditors||||(2,220)|(7,479)|
|Cash generated
from operations||||$0,169|30,029|
|Interest received||||677|578|
|Net cash &om operating
activities||||$0,$46|30,607|
|Cash flows from investing||activities||||
|Purchase oftangible assets||||(1,306)|(16,790)|
|Net cash used in investing|activities|||(1,306)|(16,790)|
|Net increase in cash and|cash equivalents|||79,540|13,817|
|Cash and cash equivalents||at beginning|ofyear|177,429|163,612|
|Cash and cash equivalents||at end ofyear||256,969|177,429|
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|Donations
an|d legacies||||||
|---|---|---|---|---|---|---|
||||Umestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2020|Funds|2019|
|Donations|||||||
|Donations|||14,374|14,374|37,576|37,576|
|Gift Aid|||2,943|2,943|7,203|7,203|
|Appeal fund|donations||||2,153|2,153|
|Legacies|||14,770|14,770|||
|Grants|||||||
|Arts Council|Emergency|Response|||||
|Fund|||25,000|25,000|||
|Covid-19 Leisure &Hospitality|||25,000|25,000|||
|ARC Cultural|Programme||3,000|3,000|||
|Job Retention|Scheme||51,490|51,490|||
|Subscriptions|||||||
|Subscriptions|||1,615|1,615|2,879|2,879|
||||138,192|138,192|49,811|49,811|
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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2020|
|||||||f.|
|Events Income||||47,166||47,166|
|Visitor Information||Services|||||
|DCC Capital Repairs|||||25,901|25,901|
|Arts Council MOVE|||||||
|DCC Resilience|||||30,000|30,000|
|Arts Council Culture||Recovery|||45,000|45,000|
|Other Grants|||||909|909|
|||||47,166|101,810|148,976|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
|Events Income||||171,632||171,632|
|Visitor Information
Services||||16,763||16,763|
|DCC Capital Repairs|||||44,392|44,392|
|Arts Council MOVE|||||41,811|41,811|
|DCC Resilience|||||||
|Arts Council Culture||Recovery|||||
|Other Grants|||||11,998|11,998|
|||||188,395|98,201|286,596|
|Other trading|activities||||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020|
|||||||'R|
|Room Hire||||20,903||20,903|
|Other activities|for generating||funds|16,415|7,000|23,415|
|Cafe Sales||||52,801||52,801|
|||||90,119|7,000|97,119|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
|Room Hire||||44,155||44,155|
|Other activities|for generating||funds|23,756||23,756|
|Cafe Sales||||131,482||131,482|
|||||199,393||199,393|
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||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||Funds|2020|Funds|2019|
||Bank interest||receivable||677|677|578|578|
|9.|Other income||||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2020|Funds|2019|
||Other income||||554|554|||
|10.|Costs ofother trading activities||||||||
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2020|
||Fundraising|expenses||||24,186|540|24,726|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2019|
||Fundraising|expenses||||159,238|235|159,473|
|11.|Expenditure||on charitable|activities|by fund type||||
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2020|
|||||||||f.|
||Educational,||Cultural &Entertainment||Activities|25,163|13,379|38,542|
||Support costs|||||200,643|37,494|238,137|
|||||||225,806|50,873|276,679|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2019|
||Educational,|Cultural &Entertainment|||Activities|24,715|12,099|36,814|
||Support costs|||||252,951|53,754|306,705|
|||||||277,666|65,853|343,519|
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||||||Activities||||
|---|---|---|---|---|---|---|---|---|
||||||undertaken||Total funds|Total funds|
||||||directly|Support costs|2020|2019|
||Educational,|Cultural &Entertainment|||||||
||Acfivities||||38,542|236,037|274,579|338,301|
||Governance|costs||||2,100|2,100|5,218|
||||||38,542|238,137|276,679|343,519|
|13.|Analysis of|support costs|||||||
|||||||Educational,|||
|||||||Cultural
tk|||
|||||||Entertainment|||
|||||||Activities|Total 2020|Total 2019|
||Staffcosts|||||138,638|13$,638|161,930|
||Premises|||||56,020|56,020|80,308|
||General office|||||9,018|9,018|14,284|
||Governance|costs||||2,100|2,100|5,218|
||Other costs|||||25,204|25,204|40,721|
||Depreciation|||||7,157|7,157|4,244|
|||||||238,137|23$,137|306,705|
|14,|Net income||||||||
||Net income is stated after charging/(crediting):||||||||
||||||||2020|2019|
||Depreciation|oftangible fixed assets|||||6,864|4,244|
||Loss on disposal ofassets||||||293||
|15.|Independent|examination|fees||||||
||||||||2020|2019|
||Fees payable|to the independent||examiner|for:||||
||Independent|examination ofthe||financial|statements||2,100|2,000|
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|||2020|2019|
|---|---|---|---|
|Wages and salaries||135,189|156,808|
|Social security costs||2,170|3,555|
|Employer contributions|to pension plans|1,279|1,567|
|||138,638|161,930|
|The average|The average|head||count|ofemployees|ofemployees|during the year was|16(2019:|16).The|average|number|of|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|full-time|equivalent|||employees||during|the year is analysed|as follows:|||||
||||||||||2020||2019||
||||||||||No.||No.||
|Leadership||Team||||||||2||2|
|Events,|business||support||&,cafe|||||4||5|
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|19.|Tangible fix|ed assets||||||
|---|---|---|---|---|---|---|---|
|||||||Historical||
|||||Fixtures and||Interest||
||||Website|fittings|Equipment|Assets|Total|
|||||f,|||0|
||Cost|||||||
||At I January|2020|10,060|8,497|44,385|6,245|69,187|
||Additions||||1,306||1,306|
||Disposals||||(2,830)||(2,830)|
||At 31December 2020||10,060|8,497|42,861|6,245|67,663|
||Depreciation|||||||
||At I January|2020|838|5,692|31,327||37,857|
||Charge for the year||2,012|561|4,291||6,864|
||Disposals||||(2,537)||(2,537)|
||At 31December 2020||2,850|6,253|33,081||42,184|
||Carrying
amount|||||||
||At31December 2020||7,210|2,244|9,780|6,245|25,479|
||At 31December 2019||9,222|2,805|13,058|6,245|31,330|
|20.|Stocks|||||||
|||||||2020|2019|
||Raw materials|and consumables||||3,496|4,252|
|21.|Debtors|||||||
|||||||2020|2019|
||Trade debtors|||||6,351|10,916|
||Prepayments|and accrued income|||||4,392|
||Other debtors|||||212||
|||||||6,563|15,308|
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|Creditors: am|ounts
falling due within one year|||
|---|---|---|---|
|||2020|2019|
|||5|f,|
|Trade creditors||7,611|6,533|
|Accruals and deferred income||8,549|26,254|
|Social security|and other taxes|3,252|6,783|
|Other creditors||654|421|
|||20,066|39,991|
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|Unrestri|cted
funds||||||
|---|---|---|---|---|---|---|
|||At I||||At 31|
|||Jan 2020|Income|Expenditure|Transfers|Dec 2020|
|||f,|||||
|General|funds|99,155|258,938|(249,992)|12,598|120,699|
|DCC The Witham|||||||
|Revenue|Support||||||
|Cyclical|Building||||||
|Works||22,000||||22,000|
|Stainthorpe
Fund|||14,770|||14,770|
|ARC Cultural|||||||
|Programme|||3,000|||3,000|
|||121,155|276,708|(249,992)|12,598|160,469|
|||At I||||At 31|
|||Jan 2019|Income|Expenditure|Transfers|Dec2019|
|General|funds|63,484|438,177|(436,904)|34,398|99,155|
|DCC The Witham|||||||
|Revenue|Support|30,000|||(30,000)||
|Cyclical|Building||||||
|Works|||||22,000|22,000|
|Stainthorpe
Fund|||||||
|ARC Cultural|||||||
|Programme|||||||
|||93,484|438,177|(436,904)|26,398|121,155|
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|||At
1||||At|
|---|---|---|---|---|---|---|
|||Jan 2020|Income|Expenditure|Transfers|31Dec 2020|
|DCC Witham Capital|||||||
|Funding||2,395||(1,032)||1,363|
|Arts Council|Rebuilding||||||
|Turrets||13,499|609|(2,357)|680|12,431|
|CDCF Healthy|||||||
|Communities||5,890|||(5,890)||
|Enriching Later Life||11,456|300|(4,880)|(2,293)|4,583|
|Arts Council||284||(71)||213|
|Kitchen Refit||2,457||(779)||1,678|
|Other||355||(89)||266|
|Arts Council|MOVE|25,959||(7,078)|(3,882)|14,999|
|Digital Drive Durham||3,665||(800)||2,865|
|CDCF Dayco Fund||1,213|||(1,213)||
|DCC Capital|Works||25,901|(23,327)||2,574|
|DCC Resilience|||30,000|||30,000|
|Arts Council|Culture||||||
|Recovery|||45,000|(11,000)||34,000|
|Community|Activities||||||
|Fund|||7,000|||7,000|
|||67,173|108,810|(51,413)|(12,598)|111,972|
|||At 1||||At 31|
|||Jan 2019|Income|Expenditure|Transfers
I|Dec 2019|
|DCC Witham
Capital|||||||
|Funding||8,688||(6,293)||2,395|
|Arts Council|Rebuilding||||||
|Turrets||13,499||||13,499|
|CDCF Healthy|||||||
|Communities||10,000|||(4,110)|5,890|
|Enriching Later Life||20,000|500|(7,264)|(1,780)|11,456|
|Arts Council||378||(94)||284|
|Kitchen Refit||3,109||(652)||2,457|
|Arts Council|Building||||||
|Fundraising|Capacity|5,311|3,000||(8,311)||
|Other||473||(118)||355|
|Arts Council|MOVE||41,811|(5,542)|(10,310)|25,959|
|DCC Capital|Repairs||44,392|(44,392)|||
|Digital Drive Durham|||3,998|(333)||3,665|
|CDCF Dayco Fund|||4,500|(1,400)|(1,887)|1,213|
|||61,458|98,201|(66,088)|(26,398)|67,173|
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|Details ofrestricted|funds|funds||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|DCC Witham Capital|Funding||To fund|remedial
and||||maintenance|work;|||||||||
|Arts Council Rebuilding||Turrets|To support||the redevelopment
ofayouth|||||||theatre;||||||
|CDCF Healthy
Communities|||To fund|the||advancement
ofpeople's||||physical
and||||mental||||
||||health,|wellbeing
and||||safety;||||||||||
|Enriching Later Life|||Tohelp|connect older||||people with|the||arts, culture|||and||||
||||heritage;|||||||||||||||
|Arts Council|||To fund|Arts events|||held at The Witham;|||||||||||
|Kitchen Refit|||To fund|the||kitchen|refit;|||||||||||
|Arts Council Building|||Tosupport||the building ofcapacity||||to||raise funds||from|||private||
|Fundraising
Capacity|||giving|and||the diversification
of income
streams|||||||||to|ensure||
||||increased resilience;|||||||||||||||
|Arts Council MOVE|||To fund|aproject for the development|||||||ofaudiences||||and|||
||||participants|||for dance;||||||||||||
|Digital Drive Durham|||To fund|the|building||ofanew website;|||||||||||
|CDCF Dayco Fund|||To strengthen|||the future capability|||of||the|entity;||||||
|DCC Capital Works|||To fund|remedial
and||||maintenance|work|||2019-2021;||||||
|DCC Resilience|||To support||cultural||and wellbeing||activities;|||||||||
|Arts Council Cultural|Recovery||To maintain|||cultural|ecology affected||||by|Covid-19;||||||
|Community
Activities|Fund||To support||community|||engagement;||||||||||
|Other|||To fund|other smaller||||projects.||||||||||
|Analysis ofnet assets between|||funds|||||||||||||||
||||||||Unrestricted|||Restricted|||Total|||Funds||
|||||||||Funds||||Funds|||||2020|
|Tangible fixed assets||||||||20,457||||5,022||||25,479||
|Cunent assets||||||||160,078|||106,950||||267,028|||
|Creditors less than
1 year||||||||(20,066)|||||||(20,066)|||
|Net assets||||||||160,469|||111,972||||272,441|||
||||||||Unrestricted|||Restricted||||Total||Funds||
|||||||||Funds||||Funds|||||2019|
|Tangible fixed assets||||||||24,569||||6,761||||31,330||
|Current
assets||||||||136,577||||60,412|||196,989|||
|Creditors less than
1year||||||||(39,991)|||||||(39,991)|||
|Net assets||||||||121,155||||67,173|||188,328|||
|Analysis ofchanges|in net debt|||||||||||||||||
|||||||||At|||||||At|||
|||||||||1 Jan 2020|Cash|||flows|31Dec||||2020|
||||||||||||||||||g|
|Cash at bank and in hand||||||||177,429||||79,540|||256,969|||
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