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|CONTENTS||||
|---|---|---|---|
||||Page|
|Legal and Administrative||Information||
|Report ofthe Trustees||||
||||4 —9|
|Independent<br>Examiners||Report||
||||10|
|Statement ofFinancial|Activities|||
|Balance Sheet||||
||||12|
|Notes to the Financial Statements||||
||||13- 18|





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||||Note|Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2020|2019|
|||||f|6|f|f|
|INCOMING RESOURCES||||||||
|Incoming Resources||from Generated|Funds|||||
|Investment<br>Income||||||7|10|
|Incoming Resources||||||||
|from Charitable<br>ActiviTies|||||32,959|67,507|60,607|
|Voluntary<br>Income||||||||
|TOTAL INCOMING||RESOURCES||34,555|32,959|67,514|60,617|
|RESOURCES EXPENDED||||||||
|Costs ofGenerating||Funds||||||
|Charitable<br>Activities||||27,200|9,746|36,946|36,358|
|Governance<br>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)<br>for||the Year||2,396|4,320|6,723|(69)|
|||||25,801|6,271|32,072|25,349|





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|||WESTBURY ARTS CENTRE<br>(Limited by Guarantee)<br>Company<br>No. 8328547|WESTBURY ARTS CENTRE<br>(Limited by Guarantee)<br>Company<br>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<br>Reserves|||25,801|23,398|
|Restricted Reserves|||6,271|1,951|
||||32,072|25,349|





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|5)|Incoming Re|source|s from Charitable<br>|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<br>Income|||||||
|||||Unrestricted|Restricted|2020|2019|
|||||||Total|Total|
|||||f||6||
||General<br>Donations||& Fundraising|||||





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|7)|Charitable<br>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:<br>Boiler "Loan"|Workshops||1,612<br>2,706||1,612<br>2,706|3,972<br>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<br>&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<br>staff||||18,893|18,893|18,762|
||Profit/Loss<br>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<br>Charge|||799||799|565|
||Bad debts||||||95|
||Volunteers|||46||46|78|
||Sundry|||||||
|||||4,952|18,893|23,845|24,328|





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|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<br>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|



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|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|



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||The aver|age<br>mont|hly<br>number|ofe|mploye|es|during<br>the year wa|s as follows:||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|No|employees|received|emoluments|in|excess|of|660,000.|||