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2022-03-31-accounts

Page
Trustees'
annual
report (incorporating		 the directors report)
Report ofthe Independent
Examiner		 to the Trustees 10
Statement offinancial
activities (including		 income and expenditure account)
Statement offinancial
position		 12
Statement ofcashfiows 13
Notes to the financial statements

The trustees, The trustees, who are also the who are also the who are also the directors for the purposes ofcompany
law, present their report and the		 ofcompany
law, present their report and the
financial statements ofthe charity for ths period ended 31 March 2022.
Reference and administrative details
Registered charity name Hastings
Contemporary
Charity registration number 1150383
Company registration number 08204873
Principal office Hastings
Contemporary
Rock-a-Nore Road
Hastings
TN34 3DW
Registered oNce 8The Old Yard
Lodge Farm Business Centre
Castlethorpe
Milton Keynes
MK197ES
The Trustees Mr D R M Pennock
Mrs S H Kowilz (resigned 30April 2022)
Mr N F Maclesn
Ms E M Gilmore (resigned 31 March 2022)
Ms E M LFox
Mr ACR Corbett-Nolan
MsJ O'Sullivan
Ms A Philips-Paksnham (appointed 3June 2021)
MsS J Hopwood (appointed 6 May 2022)
Dr D RGhate (appointed 6 May 2022)
Mrs P M N Millett (appointed 6 Msy 2022)
Mr P DJChowney (appointed 6 May 2022)
Director Ms E M Gilmore
Director ofOperations Ms LLong
Accountants GP Financial Management
Ltd
8The Old Yard, Lodge Farm Business Centre
Castlethorpe,
Milton Keynes. MK197ES
Independent Examiner Victoria Anderson,
Clark Brownscombe,
2StAndrews
Place, Lewes, BN7 1UP
Bankers HSBC, 4 Robertson Street, Hastings, TN34 1HW
Solicitors Counterculture
Partnership
LLP, Unit NH.204, E1 Business
Studios, 7Whitechapel Road, London, E1 1DU

Year to Year to
31Mar 2022 31 Mar 2021
Unrestricted Restricted
Note funds funds
8		 Total funds
8		 Total funds
f
Income and endowments:
Donations
and legacies		 5 779,872 779,872 719,911
Charitable
activities		 6 87,465 52,000 139,465 120,811
Other trading
activities		 7 1,368 1,368 731
Total income 868,705 52,000 920,705 841,453
Expenditure
on:
Raising funds 8 142,379 142,379 86,903
Charitable
activities		 8&9 380,929 127,271 508,200 402,319
Total expenditure 523,308 127,271 650,579 489,222
Net income and net movement In funds 345,397 (75,271) 270,126 352,231
Transfers between funds
Net movement
in funds		 345,397 (75,271) 270,126 352,231
Reconciliation
offunds
Total funds brought forward 316,239 109,875 426,114 73,883
Total funds carried forward 661,636 34,604 696,240 426,114

State men t ofCash Flows
31 March 2022
31March 31 March
2022 2021
5
Cash flows from operating activities
Net income for the reporting period
(per Statement ofFinancial Actlv8(esj 270,126 352,231
Adjustments
for:
Depreciation
oftangible 6xed assets		 11,143 8,905
Changesin:
Stock
Trade and other debtors (19,714) (114,529)
Trade and other creditors (27,792) 6,799
Cash generated
byi(used in) operations		 233,763 253,406
Interest received
Nst cash generated
by / (used in) by operating		 activities 233,763 253,406
Cash flows from Investing activities
Investment
in subsidiary
undertaking
Purchase oftangible assets (11,165) (17.135)
Net cash from investing
activities		 (11,165) (17,135)
Net increasel(decrease)
in cash and cash		 equivalents 222,598 236,271
Cash snd cash equivalents st beginning ofyear 302,357 66,086
Cash and cash equivalents at end ofyear 524,955 302,357
Cash and cash equivalents sre represented as follows:
Cash at bank and in hand (per Statement ofFinancial Posltfonj 524,955 302,357

5. Donations a nd l egacies (all Unrestricted Funds)
Total Funds Total Funds
Yearended Year ended
31 Mar 2022 31 Mar 2021
Core grant funding 6 5
Arts Council England
Annual NPO Funding 101,840 101,540
Emergency Funding 67,013
DCMS Cultural
Recovery Fund		 446,990 230,000
Dunard
Fund		 40,000
Hastings
Borough		 Council 30,000 30,000
Donations
Benefactors 1,000 1,400
Patrons
&Directors Circle		 28,650 40,000
General donations 5,279 45,947
Donation from subsidiary 97,730 164,250
Other donations and legacies
Membership income 28,383 37,741
GiR sid 1,720
779,872 719,911
6. Charitable
activities
Unrestricted Restricted Total Funds
2022 Funds Funds 31 Mar 2022
8 6
Grant income 52,000 52,000
Admissions 86,016 86,01$
Participation
& learning
Public programme		 793
656		 793
656
87,465 52,000 139,465
Unrestdcled Restricted TotalFunds
2021 Funds Funds 31 Mar 2021
8 5 5
Grant income 100,000 100,000
Admissions 20,472 20,472
Participation
& learning
Public programme		 339 339
20,511 100,000 120,811
7. Other trading activities (all Unrestricted Funds)
Total Funds Total Funds
Yearended Year ended
31 Mar2022 31 Mar 2021
6 6
Miscellaneous income 1,3$8 731
1,368 731

Notes tothe Financial Stateme
Year ended 31March		 Notes tothe Financial Stateme
Year ended 31March		 nts
fconrrsvsry
2022
8. Total Expenditure by Activity
Support
2022 Staff Coals
6		 Direct Costs
f		 Costs
6		 Total
8
Charitable
Activities:
Gallery Operations 150,662 96,668 216,201 48$,531
Education 24,045 13,244 6,913 44,202
Public Programme 8 other 467 467
174,707 109,912 223,581 508,200
Cost ofRaising Funds:
Fundraising 88,808 50,252 117,060
Trading activities 23,903 1,416 25,319
90,711 51,668 142,379
Total Expenditure 265,416 109,912 275,249 650,579
Support
2021 Staff Costs
6		 Direct Costs Costs
6		 Total
f
Charitable
Activities:
Gallery Operations 120,633 44,768 197,162 $62,563
Education 19,732 6,000 6,486 $2,218
Public Programme &other 214 288 502
140,365 50,962 203,936 395,283
Cost ofRaising Funds:
Fundraising 52,194 41,745 93,939
Trading activities
52,194 41,745 93,939
Total Expenditure 192,559 50,982 245,661 489,222
9. Expenditure
on charitable		 activities by fund type
Unrestricted Restricted TotaIFunds
Funds Funds 31 Mar 2022
2022 5 6 8
Gallery Operations 362.531 101,000 463,531
Participation
and learning
Public programme
5 other		 17,931
467		 26,271 44,202
467
380,929 127,271 508,200

Expenditure on charitable on charitable activities by fund type (cenanvvcf
Unrestricted Restricted Total Funds
Funds Funds 31 Mar 2021
2021 E E E
Gallery Operations 362,563 362,563
Participation and learning 26,218 6,000 32,218
Public programme &other 502 502
389,283 6,000 395,283

Support co sts (all Unr estricted Funds)
Total Funds Total Funds
Yearended Year ended
31 Mar 2022 31 Mar 2021
E E
Governance 23,871 20,047
Other staff costs (travel, training and other expenses) 10,324 4,348
Property $4,357 79,720
Marketing 27,475 45,339
information Technology and website costs 3,427 7,594
Office costs 18,026 15,051
Accountancy and book-keeping 20,000 19,675
Consultancy support 72,625 52,800
Bank charges 5,144 1,107
275,249245,681

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o,o
e9 o
e o
ro e		 W
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so,ee
9~
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o E 8
o eg
o. Ii'~
o.		 Total
Year
ended 31
Mar 2022
E F E E
Governance Income (1) 21,429 2,364 56 23,871
Other staff coals (travel,
training
and		 expenses) StaffCosts 5,376 4,294 654 10,324
Property Floor Space 94,357 94,357
Marketing Pmp' (1) 4,121 21,980 1,374 27,475
information Technology Pmp' (1) 514 2,742 171 3~27
Office costs Prop' (1) 2,704 14,421 901 18,026
Accountancy and book-
keeping Income (2) 2,000 17,429 160 411 20,000
Legal and professional fees Prop' (1) 10,694 58,100 3,631 72,625
Bank charges Pncp' (2) 4,630 514 5,144
51,668 216,201 6,913 467 275,249

Governanc e costs (all Unres tricted
Funds)
Total Funds Total Funds
Year ended Year ended
31 Mar 2022
f		 31 Mar 2021
5
Staff costs 15,163 12,829
Accountancy and independent examination 4,833 5,300
Legal and professional fees 3,875 1,918
23,871 20,047
Net Income for the period
Net income forthe period is stated after charging:
Yearended Year ended
31Mar 31Msr
2022 2021
8 2
Depreciation 11,143 8,905
Independent Examiners fees 1,833 2,300
Operating lease rentals 7,500 10,000

Staff co sts
The total staff costs and employee benefits for the reporting period are analysed as follows:
Yearended Year ended
31Mar 31 Mar
2022 2021
6 2
Wages and salaries 258,690 228,616
Social security costs 19,546 16,275
Pension contributions 7,915 8,335
Employee benefits 1,010 1,850
Furlough support scheme (6,580) (49,688)
280,581 205,388

Year ended Year ended
31 Mar 31 Mar
2022
f		 2021
2
1

following
salary
in her role as Director and n
the Charity Commission.		 ot as Trustee. Payment for this role is authorised
by
Year ended Year ended
31 Mar 31 Mar
2022 2021
5 L
Remuneration 85,000 72,401
Pension contributions 5,100 4,344
Employee benefits 1,010 925
91,110 77,670

other services from the charity during the peri
Tangible fixed assets		 od (2021:Nil)
Fixtures 6
fittings Total
E
Cost
At 1 April 2021 54,971 54,971
Additions 11,165 14,290
At 31 March 2022 66,136 69,261
Depreciation
At 1 April 2021 23,542 23,542
Charge 11,143 11,614
At 31 March 2022 34,685 35,156
Net BookValue
At 31 March 2022 31,451 34,105
At 31 March 2021 31,429 31,429

investment in
Subsidiary
Undertakings Total
Cost
At 1 April 2020 100 100
Additions
At 31 March 2021 100 100
Net BookValue
At 31March 2021 100 100
At 31 March 2020 100 100

Year ended Year ended
31Mar 31 Mar
2022
f		 2021
Total assets 96,378 134,750
Total liabilities 92,963 134,564
Total equity 3,415 186
Turnover 171,658 188,011
Expenditure 168,428 187,953
Proot 3,230 58
17. Debtors
31 Mar 31 Mar
2022 2021
Trade debtors
Amounts
due		 from subsidiary undertakings 89.O16 134,444
Prepayments and accrued income 116,986 47,880
Other debtors 9,4OO 13,364
215,402 195,688

Creditors: amounts
fa8lng due within one year
31 Mar 31 Mar
2022 2021
6 6
Trade creditors 19,034 45,472
Other tax snd social security 7,407 5,002
Accruals and deferred income 39,171 46,173
Other creditors 10,056 5,613
75,668 103,460

Movement on the deferre d income account is as follows:
31Mar 31 Mar
2022 2021
6 6
Deferred income brought forward 11,823 21,769
Movement in membership income received in respect offuture
accounting periods 4,993 &9a,946i
Deferred income canied forward 16,816 11,823

31Mar 31 Mar
2022 2021
6
Due within one year 7,500
7,500

Analysis of charitable funds
Unrestricted funds
Balance at Balance at
2022 1Apr 2021
f		 Income Expenditure
E		 Transfers
E		 31 Mar 2022
General Funds 27,989 868,705 (523,308) 373,386
Designated Funds:
Maintenance
Contingency Fund 124,000 124,000
Covid recoveryfund 184,250 164,250
288,250 286,250
Total 316,239 868,705 (523,308) 661,636
Balance at Balance st
2021 1 Apr 2020
8		 Income
f		 Expenditure
E		 Transfers
8		 31 Mar 2021
General
Funds		 58,008 741,453 (483,222) (288,250) 27,989
Designated Funds:
Maintenance
Contingency Fund 124,000 124,000
Covid recovery fund 164,250 164,250
288,250 288,250
Total 58,008 741,453 (483,222) 316,239

Restricted funds
Balance at Balance at
2022 1 Apr 2021 Income Expenditure Transfers 31 Mar 2022
6 6 6
Education projects 9,875 1,000 (910,875)
Garfield Weston
Foundation 100,000 (100,000)
Exhibitions 1,000 (1,000)
Museums associations 50,000 (15,396) 34,604
109,875 52,000 (127,271) 34,604
Balance at Balance at
2021 1 Apr 2020
6		 Income
f		 Expenditure Transfers 31 Mar 2021
6
Education projects 15,875 (6,000) 9,875
Garfield Weston
Foundation 100,000 100,000
15,875 100,000 (6,QQQ) — 109,875

Analysis ofnet as sets between funds
Unrestricted Restricted TotalFunds
Funds Funds 31 Mar 2622
2022 6 6 6
Fixed assets 31,551 31,551
Current assets 705,753 34,604 740,357
Creditors less than 1 year (75,668) (75,668)
Net assets 661,636 696,240
Unrestricted Restricted Total Funds
Funds Funds 31 Mar 2021
2021 6 6
Fixed assets 31,529 31,529
Current assets 388,170 109,875 498,045
Creditors less than 1 year (103,460) (103,460)
Net assets 316,239 109,875 426,114