## ## ## |Reference and Administrative|Reference and Administrative|Details|| |---|---|---|---| |Trustees'
Report|||2to10| |Independent
examiner's
report|||11to 12| |Statement offinancial|activities||13| |Balance Sheet|||15to 16| |Cash flow statement|||17| |Notes to the financial|statements||18to 35| ## |Charity|name|name||||Artcore Limited|Artcore Limited|Artcore Limited|| |---|---|---|---|---|---|---|---|---|---| |Charity|registration|||number||1148022|||| |Company||registration|||number|08021875|||| |Principal||and|registered offic|||3Chamwood||Street|| |||||||Derby|||| |||||||DE1 2GT|||| |Trustees||||||PAnderson|||| |||||||AP Ball|||| |||||||H Device|||| |||||||D Good|||| |||||||J Newllng|||| |||||||J G Pearson|||| |||||||R Scott|||| |||||||M Sood|||| |Solicitor||||||Nelsons Solicitors|||Ltd| |||||||Pennine
House|||| |||||||8 Standford||Street|| |||||||NoNngham|||| |||||||NG1 7BQ|||| |Independent|||examiner|||James Haywood|||ACA| |||||||Page Kirk|LLP||| |||||||Sherwood|House||| |||||||7Gregory|Boulevard||| |||||||Nottingham|||| |||||||NG7 6LB|||| ## |eference and Ad|eference and Ad|eference and Ad|mini|strative
details|||| |---|---|---|---|---|---|---|---| |Charity name|||||Artcore Ltd||| |Charity registration|||number||1148022||| |Company|registration|||number|08021875||| |Registered||office|||3Chamwood||Street| ||||||Derby||| ||||||DE12GT||| |Independent||examiner|||James Heywood ACA||| ||||||Page Kirk|LLP|| ||||||Sherwood|House|| ||||||7Gregory|Boulevard|| ||||||Nottingham||| ||||||NG7 SLB||| |Solicitors|||||Nelsons Solicitors Ltd||| ||||||Pennine
House, 8 Stanford Street||| ||||||Notffngham||| ||||||NG17BQ||| |Bankers|||||HSBC UK|PLC|| ||||||1 StPeter's||Street| ||||||Derby||| ||||||DE1 2AE||| ## |he trustees
and of|ficers who serve|d the charity during th|e perio| |---|---|---|---| |Chain||Andrew
Ball|| |Elected trustees:||Pauline Anderson|| |||Huw Device|| |||Deborah Good|| |||John Newling|| |||JeffPcarson|| |||Robert Scott|| |||Manju Sood|| |Key management|personnel||| |Executive Directed||Ruchita Shalkh|| |Artistic Dlrecton||Mohmedzahtr|Sheikh| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Capital|grant|Total funds|Total funds| |---|---|---|---|---|---|---|---|---| ||||funds|funds|fund||2021|2020| |||Note|E|f|E||E|f| |Income from||||||||| |Donations
and
grants||3|269,100|303,066|||572,166|389,608| |Charitable
activities|||30,498||||30,498|70,564| |Other trading
activities
Total|||12,443
312,041|303,066|||12,443
615,107|22,840
483,012| |Expenditure|on|||||||| |Charitable
activities
Other
Total||7,9
8,9|124,781
2,319
127,100|244,013
244,013||3,170
3,170|371,964
2,319
374,283|410,597
2,501
413,098| |Net income|||184,941|59,053|(3,170)||240,824|69,914| |Net movements
in funds|||184,941|59,053|(3,170)||240,824|69,914| |Reconciliation||||||||| |offunds||||||||| |Total funds
brought
forward|||277,602|57,735|26,563||361,900|291,986| |Total funds
carried forward|||462,643|116,708|23,393||602,724|361,900| ## ## |.....conlfnued||||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Capital grant|Total funds| ||||funds|funds|fund|2020| |||Note|6|||| |Income from
Donations
and grants
Charitable
activities||5|167,490
70,564|192,859|29,259|389,608
70,564| |Other trading
activities
Total||6|22,840
260,894|192,859|29,259|22,840
483,012| |Expenditure
on
Charitable
activities
Other
Total||7,9
8,9|148,202
901
149,103|259,699
1,600
261,299|2,696
2,696|410,597
2,501
413,098| |Net income|||111,791|(68,440)|26,563|69,914| |Net movements
in|funds||111,791|(68,440)|26,563|69,914| |Reconciliation
of
Total funds brought
Total funds carried|funds
forward
forward||165,811
277,602|126,175
57,735|26,563|291,986
361,900| ## ## ||||2021||2020| |---|---|---|---|---|---| |||Note|F||| |Fixed assets|||||| |Tangible assets||12||340,537|334,276| |Current assets|||||| |Stocks and work in progress
Debtors||13|1,987
2,373||1,598
5,635| |Cash at bank and
In|hand||588,626||280,159| ||||592,986||287,392| |Creditors: Amounts
one year|failing due within|14|(112,055)||(78,897)| |Net current assets||||480,931|208,495| |Total assets less current liabilities||||821,468|542,771| |Creditors: Amounts
than one year|falling due after more|15||(218,744)|(180,871)| |Net assets||||602,724|361,900| |The funds ofthe charity:|||||| |Capital grant fund||||23,393|26,563| |Restricted funds
in|surplus||122,958||63,133| |Restricted funds
In|deficit||||| |Arts Council England
& Derby City Council-
Celebrating
Age
Beginning to Becoming
Total restricted
funds|||(1,187)
(4,983)|116,788|(5,398)
57,735| |Unrestricted
funds|||||| |Unrestricted
Income|funds|||462,543|277,602| |Total charity funds||||602,724|361,900| # ## ## |||2021
6|2020f| |---|---|---|---| |Cash flows from operating
activities
Net income/(expenditure)
for the reporting|period|240,824|69,914| |Adjustments
to cash flows from non-cash
Depreciation
and amoitisation|items:|12,890|9,152| |Dividends,
interest and rents from Investments||(42)|(128)| |(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors
Net cash provided
by (used in) operating|activities|(389)
3,262
25,840
282,385|(1,014)
13,640
19,163
110,727| |Cash flows from Investing
activities
Dividends,
interest and rents from investments
Purchase oftangible
fixed assets
Net cash provided
by (used in) Investing
activities||42
(19,150)
(19,108)|128
(311,393)
(311,265)| |Cash flows from financing
activities
Repayments
of borrowing
Cash inflows from new borrowing
Net cash provided
by (used in) financing|activities|(4,810)
50,000
45,190|(3,543)
189,000
185,457| |Change
in cash and cash equivalents
Cash and cash equivalents
at 1 April
Cash and cash equivalents
at 31 March||308,467
280,159
588,626|(15,081)
295,240
280,159| |Cash in hand
Total cash and cash equivalents||588,626
588,626|280,159
280,159| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |estimated
residual
value, over the|ir expected useful|economic
life as follows:|| |---|---|---|---| |Workshop
equipment
Fixtures and fittings|20% reducing
10%reducing|balance
balance|| |Office equipment
Motor Vehicles|20% reducing
25%straight|balance
line|| |Leasehold
land and buildings|2%straight
line or over the lease term whichever||is| ||shorter||| ## ## ## ## ## ## ## ## ## ## ## ## ||Unrestricted|Restricted|Capital grant|Total funds|Total funds| |---|---|---|---|---|---| ||funds|funds|fund|2021|2020| ||6|6|6|E|6| |Donations
received|2,099|||2,099|7,490| |Grants-
government|264,267|222,210||486,477|318,435| |Grants - other
agencies|2,734|80,856||83,590|63,683| ||269,100|303,066||572,166|389,608| ## ||Unrestricted|Restricted|Capital|Total funds|Total funds| |---|---|---|---|---|---| ||funds|funds
E|grant fund
f|2021
6|2020
6| |Arts Council England|162,944|88,152||251,096|194,981| |BBCChildren
in
Need||31,815||31,815|| |Big Lottery Fund
Derby City Council|21,882|100,243
2,000||100,243
23,882|97,544
25,910| |COVID 19furlough
scheme|79,441|||79,441|| |Grants - other
agencies|2,734|80,856||83,590|63,683| ||267,001|303,066||570,067|382,118| |||Unrestricted|Restricted|Capital|Total funds|Total funds| |---|---|---|---|---|---|---| |||funds|funds|grant fund|2021|2020| |||F|6|F|F|F| |Charitable|activities|||||| |Workshop
Income
Artistic services||30,498|||30,498|3,825
66,739| |||30,498|||30,498|70,564| ## ## ## ||Unrestricted|Restricted|Capital|Total funds|Total funds| |---|---|---|---|---|---| ||funds|funds
6|grant fund
6|2021
6|2020
6| |Other income|||||| |Rental income|5,860|||5,860|13,945| |Miscellaneous
income|6,542|||6,542|8,767| |Income from other|41|||41|128| |Investments|||||| ||12,443|||12,443|22,840| ## |||Activities||| |---|---|---|---|---| |||undertaken|2021|2020| |||directly|6|6| |||F||| |Charitable|activities|371,964|371,964|410,597| ## |||Unrestricted|Restricted|Capital grant|Total funds|Total funds| |---|---|---|---|---|---|---| |||funds
F|funds
F|fund
f|2021
f|2020
6| |Support
allocated|costs|2,319|||2,319|2,501| ## ## |9|TOTAL RESOURCES EXPENDED||||| |---|---|---|---|---|---| ||||Charitable
activities|Other|Total| ||Direct costs||||| ||Opening
stock
Materials||1,598
22,843||1,598
22,843| ||Closing stock
Employment
costs
Artist fees||(1,987)
198,216
15,983||(1,987)
198,216
15,983| ||Artistic expenditure
Volunteer expenses
Rent and rates||11,332
3,800
12,987||11,332
3,800
12,987| ||Electricity, Water and Gas
Insurance||2,246
2,731||2,246
2,731| ||Premises expenses
Repairs and maintenance
Telephone
Computer
software and maintenance
Printing,
postage and stationery
Trade subscriptions
Sundry expenses
Cleaning
Motor expenses
Travel and subsistence|costs|5,218
17,039
1,412
19,660
767
1,332
616
521
2,177
346||5,218
17,039
1,412
19,660
767
1,332
616
521
2,177
346| ||Advertising||20,475||20,475| ||Independent
examination
and other
accountancy fees
Legal and professional
fees
Loan interest||14,355
5,407|2,319|2,319
14,355
5,407| ||Depreciation
ofleasehold
property
Depreciation
ofworkshop
equipment
Depreciation
offixtures and fittings
Depreciation
ofoffice equipment||7,307
697
2,940
1,946
371,964|2,319|7,307
697
2,940
1,946
374,283| |10|INDEPENDENT
EXAMINATION||||| |||||2021|2020| |||||E|E| ||Independent
examination||||1,800| ## ## ## ## |||2021|2020| |---|---|---|---| |||No.|No.| |Average number ofemployees|||| |The aggregate|payroll costs of these persons were as follows:||| |||2021|2020| |||6|6| |Wages and salaries
Socialsecurity
Other pension costs||185,008
9,881
3,327
198,216|224,140
11,398
3,699
239,237| ## |||||||||CO
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Z|ID|ID| ||||Of||||||||||||||| ## ## ## |||2021|2020| |---|---|---|---| |Trade debtors
Other debtors
Prepayments|and accrued income|1,855
518
2,373|4,620
265
750
5,635| ## ||2021f|2020
6| |---|---|---| |Bank loans and overdrafts
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income|11,902
10,551
4,958
8,291
76,353
112,055|4,585
29,699
3,584
7,702
33,327
78,897| ## |||||2021|2020| |---|---|---|---|---|---| |||||5|E| |Bank loans and overdrafts||||215,244|180,871| |Included|in the creditors are the following|amounts|due after|more than 5years:|| |||||2021|2020| |||||F|6| |After more than five years by instalments||||15~,514|160,447| ## ## ## |||Land and|Buildings| |---|---|---|---| |||2021|2020| |||F|F| |Within
Within
Over|one year
two and five years
five years|10,000
40,000
45,000
95,000|10,000
40,000
55,000
105,000| ## ## ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| |||||f||6|| |Returns
on investment
Other investment
income|||and servicing offinance||42||128| ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||6|| ||Net Incoming resources
Investment
income|||||240,824
(42)|69,914
(128)| ||Depreciation,
amortisation
Increase
in stocks|and impairment|||charges|12,890
(389)|9,152
(1,014)| ||Decrease in debtors
Increase
in creditors|||||3,262
25,840|13,640
19,163| ||Net cash inflow from operating|||activities||282,385|110,727| |20|FINANCIAL
INSTRUMENTS||||||| ||Categorisatlon
offinancial||Instruments|||2021|2020| |||||||F|6| ||Financial assets measured||at amortised||cost|590,999|285,044| ||Financial
liabilities measured||at|amoitised|cost|325,841|255,184| ## ## ||Key management
personnel||||| |---|---|---|---|---|---| |||||2021f|2020
6| ||Total employee
benefits paid to key|management
personnel||110,362|100,667| |22|ANALYSIS OF FUNDS||||| |||At 1 April|||At 31 March| |||2020|Income|Expenditure|2021| ||Generalfunds||||| ||Unrestricted
general funds|277,602|312,041|(127,100)|462,543| ||Restricted funds||||| ||Arts Council England
8 Derby City
Council - Celebrating
Age|(5,398)|20,000|(15,789)|(1,187)| ||BBCChildren
in Need - Innocence
8 Expression|4,691|5,852|(10,543)|| ||Big Lottery Fund -Art Enhancing
Life|37,114|49,243|(86,357)|| ||Derby City Council -STEAM 2
Awards for All - Creating Cafe|8,203
8,516||(8,203)|8,516| ||Notts Community
Foundation-
Street smART|2,935||(2,935)|| ||European
Social Fund - Dare to
Dream|1,674|14,207|(15,594)|287| ||Future Endeavours||25,963|(4,300)|21,663| ||Beginning to Becoming
Enhancing
Connections||14,949
51,000|(19,932)
(51,000)|(4,983)| ||Stay Connected
Henry Moore FDN -Artist Exhibition
MIND - In Our Thoughts
ACE - CRF 1||6,800
3,000
17,865
48,726|(6,800)
(1,500)
(8,450)
(10,050)|1,500
9,415
38,676| ||Postcode Community
Trust - Un
Aware
Creative
in Common||19,426
26,035|(1,360)
(1,200)|18,066
24,835| |||57,735|303,066|(244,013)|116,788| ||Capital grant fund
Capital grant fund|26,563||(3,170)|23,393| |||361,900|615,107|(374,283)|602,724| ## ||At 1 April|||At 31 March| |---|---|---|---|---| ||2019|Income|Expenditure|2020| |General funds||||| |Unrestricted
general funds|165,811|260,894|(149,103)|277,602| |Restricted funds||||| |Arts Council England -Attachments|9,241|(9,241)||| |Arts Council England - Elevate|10,340|14,981|(25,321)|| |Tudor Trust- Staff Costs Fund|13,057||(13,057)|| |Peoples Health Trust - Our Stories|(2,245)|2,042|203|| |Arts Council England
& Derby City
Council - Celebrating
Age|25,852|25,000|(56,250)|(5,398)| |BBCChildren
in Need - Innocence
&Expression|4,109|9,988|(9,406)|4,691| |Big Lottery Fund -Art Enhancing
Life|48,716|85,896|(97,498)|37,114| |Big Lottery Fund -Art for the
Community
Derby City Council -STEAM|4,950
12,155|967|(4,950)
(13,122)|| |Derby City Council -Small Arts
Grants
Derby City Council -STEAM 2||1,000
22,443|(1,000)
(14,240)|8,203| |European
Social Fund - Create
your future||18,942|(18,942)|| |Foundation
Derbs/ Toyota/
Migrant
Help -Silent Library||1,229|(1,229)|| |PCC/Rank/Bernard
Sunley-||||| |Charnwood
Street Security
Awards forAll - Creating Cafe||9,750|(1,234)|8,516| |Notts Community
Foundation-
Street smART||5,000|(2,065)|2,935| |Community
Action - Winter Warmer||500|(500)|| |European Social Fund -Dare to
Dream||4,362|(2,688)|1,674| |Future Endeavours||||| |Beginning
to Becoming||||| |Enhancing
Connections||||| |Stay Connected||||| |Henry Moore FDN -Artist Exhibition||||| |MIND - In Our Thoughts||||| |ACE - CRF 1||||| |Postcode Community
Trust - Un||||| |Aware||||| |Creative
in Common||||| ||126,175|192,859|(261,299)|57,735| ## ## |Capital
Capital|grant
grant|fund
fund||29,259|(2,696)|26,563| |---|---|---|---|---|---|---| ||||291,986|483,012|(413,098)|361,900| ## ## ## ##