| CONTENTS | |||
|---|---|---|---|
| Page | |||
| Legal and Administrative | Information | ||
| Report ofthe Trustees | |||
| 4 —9 | |||
| Independent Examiners |
Report | ||
| 10 | |||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| 12 | |||
| Notes to the Financial Statements | |||
| 13- 18 |
| Note | Unrestricted | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||||
| f | 6 | f | f | ||||
| INCOMING RESOURCES | |||||||
| Incoming Resources | from Generated | Funds | |||||
| Investment Income |
7 | 10 | |||||
| Incoming Resources | |||||||
| from Charitable ActiviTies |
32,959 | 67,507 | 60,607 | ||||
| Voluntary Income |
|||||||
| TOTAL INCOMING | RESOURCES | 34,555 | 32,959 | 67,514 | 60,617 | ||
| RESOURCES EXPENDED | |||||||
| Costs ofGenerating | Funds | ||||||
| Charitable Activities |
27,200 | 9,746 | 36,946 | 36,358 | |||
| Governance Costs |
4,952 | 18,893 | 23,845 | 24,328 | |||
| TOTAL RESOURCES EXPENDED | 32,152 | 28,639 | 60,791 | 60,686 | |||
| NET MOVEMENT | IN FUNDS | 2,403 | 4,320 | 6,723 | (69) | ||
| RECONCILIATION | OF FUNDS | ||||||
| Brought forward | 23,398 | 1,951 | 25,349 | 25,418 | |||
| Surplus/(Deficit) for |
the Year | 2,396 | 4,320 | 6,723 | (69) | ||
| 25,801 | 6,271 | 32,072 | 25,349 |
| WESTBURY ARTS CENTRE (Limited by Guarantee) Company No. 8328547 |
WESTBURY ARTS CENTRE (Limited by Guarantee) Company No. 8328547 |
|||
|---|---|---|---|---|
| BALANCE SHEET-31DECEMBER 2020 | ||||
| Note | 2020 | 2019 | ||
| K | ||||
| NON CURRENT ASSETS | ||||
| Fixed Assets | 1,912 | 2,260 | ||
| CURRENT ASSETS | ||||
| Debtors | 10 | 418 | 633 | |
| Cash and Bank | 38,089 | 30,699 | ||
| 38,507 | 31,332 | |||
| CURRENT LIABILITIES | ||||
| Creditors: amounts | falling due | |||
| within one year | 12 | 8,347 | ||
| NET CURRENT ASSETS | 30,160 | 23,089 | ||
| TOTAL ASSETS | 32,072 | 25,349 | ||
| REPRESENTED BY: | ||||
| FUNDS | ||||
| Unrestricted Reserves |
25,801 | 23,398 | ||
| Restricted Reserves | 6,271 | 1,951 | ||
| 32,072 | 25,349 |
| 5) | Incoming Re | source | s from Charitable |
Activities | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2020 | 2019 | ||||
| Total | Total | ||||||
| 6 | 6 | ||||||
| Studio Hire | 22,285 | 22,285 | 26,738 | ||||
| Room Hire | 3,882 | 3,882 | 14,568 | ||||
| Workshops | &Events | 1,791 | 1,791 | 10,838 | |||
| Studio Hire: | Studio | &Accom | 3,120 | 3,120 | 3,167 | ||
| Workshops | & Events: Sales ofProduct | 36 | 36 | 1,264 | |||
| Sundry Income | 1,079 | 1,079 | 194 | ||||
| Commission | on sale | 20 | 20 | 504 | |||
| Designated | funds: | Shop sales | 2,335 | 2,335 | |||
| Restricted income | 32,959 | 32,959 | 3,334 | ||||
| 34,548 | 32,959 | 67,507 | 60,607 | ||||
| 6) | Voluntary Income |
||||||
| Unrestricted | Restricted | 2020 | 2019 | ||||
| Total | Total | ||||||
| f | 6 | ||||||
| General Donations |
& Fundraising |
| 7) | Charitable Activities |
||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2020 | 2019 | ||||
| Total | Total | Total | |||||
| F | E | ||||||
| Project Costs | 270 | 270 | |||||
| Event Expenditure: | Personnel/Freelance | 4,210 | 4,210 | 2,673 | |||
| Event Expenditure: | Publicity/Marketing | 45 | 45 | 148 | |||
| Event Expenditure: | Refreshments/Hospitali | ty | |||||
| Event Expenditure: | Professional | Services | 102 | 102 | 207 | ||
| Event Expenditure: | Performers | 255 | 255 | 5,600 | |||
| Event Expenditure: Boiler "Loan" |
Workshops | 1,612 2,706 |
1,612 2,706 |
3,972 2,706 |
|||
| Fire &Security | 3,508 | 3,508 | 3,157 | ||||
| Heat & Light | 6,666 | 6,666 | 7,229 | ||||
| Domestic rates | 1,186 | 1,186 | 1,144 | ||||
| Cleaning | 798 | 798 | 1,129 | ||||
| Waste &Recycling | 384 | 384 | |||||
| Repairs &Renewals |
9,668 | 5,536 | 15,204 | 8,393 | |||
| 27,200 | 9,746 | 36,946 | 36,358 | ||||
| 8) | Governance Costs | ||||||
| Unrestricted | Restricted | 2020 | 2019 | ||||
| Total | Totalf | ||||||
| Administration staff |
18,893 | 18,893 | 18,762 | ||||
| Profit/Loss on sale ofassets |
-93 | ||||||
| Office costs | 287 | 287 | |||||
| Office consumables | 729 | 729 | 953 | ||||
| Printing, Postage | 275 | 275 | 449 | ||||
| Telephone/Internet | 1,396 | 1,396 | 1,844 | ||||
| Insurance | 684 | 684 | 598 | ||||
| Licences &Subscriptions | 494 | 494 | 527 | ||||
| Website costs | |||||||
| Legal & Professional | 294 | ||||||
| Bank charges | 242 | 242 | 256 | ||||
| Depreciation Charge |
799 | 799 | 565 | ||||
| Bad debts | 95 | ||||||
| Volunteers | 46 | 46 | 78 | ||||
| Sundry | |||||||
| 4,952 | 18,893 | 23,845 | 24,328 |
| Fixed Assets | |||
|---|---|---|---|
| Plant & | 2020 | 2019 | |
| Machinery | Total | Total | |
| COST | |||
| At 1 January 2020 | 3,543 | 3,543 | 3,779 |
| Additions | 450 | 450 | 384 |
| Disposal | 620 | ||
| At 31 December 2020 | 3,993 | 3,993 | 3,543 |
| DEPRECIATION | |||
| At 1 January 2020 | 1,283 | 1,283 | 1,021 |
| Charge for the Period | 799 | 799 | 565 |
| Eliminated on disposal |
303 | ||
| At 31December 2020 | 2,081 | 2,081 | 1,283 |
| NET BOOK VALUE | |||
| At 31 December 2020 | 1,912 | 1,912 | 2,260 |
| At 31 December 2019 | 2,260 | 2,260 | 2,759 |
| Debtors | |||
| 2020 | 2019 | ||
| 6 | E | ||
| Debtors | 67 | 274 | |
| Prepayments | 351 | 359 | |
| 418 | 633 |
| Amounts | falling due within one year: | 2020 | |
|---|---|---|---|
| 9 | |||
| Bad debt | provision | 95 | 95 |
| Key deposit | 170 | 165 | |
| Payroll | 362 | 327 | |
| Restricted | income | 4,041 | 4,000 |
| Accruals | 3,236 | 3,656 | |
| Shop sales control | 443 | ||
| 8,347 | 8,243 |
| The aver | age mont |
hly number |
ofe | mploye | es | during the year wa |
s as follows: | ||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| No | employees | received | emoluments | in | excess | of | 660,000. |