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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|2|
|Independent
Examiner's
Report||||
|Statement of Financial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|6|to|11|
|Detailed Statement of Financial Activities|12|to|13|
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|||for the Year|Ended 31March 2|021|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||107,302||107,302|127,734|
|Other trading activities||||||994|
|Total|||107,302||107,302|128,728|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Workshops 5exhibitions|||92,033||92,033|141,068|
|NET INCOME/(EXPENDITURE)|||15,269||15,269|(12,340)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||18,781||18,781|31,121|
|TOTAL FUNDS CARRIED FORWARD|||34,050||34,050|18,781|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|f|E|f|f|
|FIXEDASSETS||||||
|Intangible
assets|9|1,197||1,197|1,596|
|Tangible assets|10|2,631||2,631|3,508|
|||3,828||3,828|5,104|
|CURRENT ASSETS||||||
|Debtors|11|4,209||4,209|13,101|
|Investments|12|1||1|1|
|Cash at bank||29,605||29,605|4,248|
|||33,815||33,815|17,350|
|CREDITORS||||||
|Amounts
falling due within one year|13|(3,593)||(3,593)|(3,673)|
|NET CURRENT ASSETS||30,222||30,222|13,677|
|TOTAL ASSETS LESSCURRENT LIABILITIES||34,050||34,050|18,781|
|NET ASSETS||34,050||34,050|18,781|
|FUNDS|15|||||
|Unrestricted
funds||||34,050|18,781|
|TOTAL FUNDS||||34,050|18,781|
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|DONATIONS
|AND LEGACIES|||
|---|---|---|---|
|||2021|2020|
|||f|E|
|Donations||10,414|35,458|
|Gift aid||11,502|12,194|
|Grants||68,381|40,000|
|Income from|refreshments|2,996|7,319|
|Sales Ik venue|hire|14,009|32,763|
|||107,302|127,734|
##
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|OTHE|R TRADING ACTIVITIES|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Feast|project||994|
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|CHARITAB|LE ACTIVITIES COSTS|||||
|---|---|---|---|---|---|
|||||Support||
||||Direct|costs (see||
||||Costs|note 5)|Totals|
||||E|f|E|
|Workshops|&exhibitions||78,803|13,230|92,033|
|SUPPORT|COSTS|||||
|||||Governance||
|||Finance|Other|costs|Totals|
|||E|f|E|E|
|Workshops|&exhibitions|900|4,255|8,075|13,230|
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|STAFF COST|S|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
|Wages and|salaries|||33,061|26,853|
|Social security costs|||||804|
|Other pension costs||||742|614|
|||||33,803|28,271|
|The average|monthly|number ofemployees|during the year was as follows:|||
|||||2021|2020|
|Gallery &administration||||1|1|
|Maintenance||||1|1|
##
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|COMPARA|TIVES FOR THE STA|TEMENT OF FINANCIAL A|CTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||f|E|E|
|INCOME AND ENDOWMENTS||FROM||||
|Donations|and legacies||127,734||127,734|
|Other trading activities|||994||994|
|Total|||128,728||128,728|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Workshops|&.exhibitions||141,068||141,068|
##
||Notes to the Financial Statements
-continued
for the Year Ended 31March 2021|Notes to the Financial Statements
-continued
for the Year Ended 31March 2021|Notes to the Financial Statements
-continued
for the Year Ended 31March 2021|||
|---|---|---|---|---|---|
||COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued|||||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||f|f|f|
||NET INCOME/(EXPENDITURE)||(12,340)||(12,340)|
||RECONCILIATION|OF FUNDS||||
||Total funds brought forward||31,121||31,121|
||TOTAL FUNDS CARRIED FORWARD||18,781||18,781|
|9.|INTANGIBLE FIXEDASSETS|||||
||||||PR Film 5|
||||||website|
||||||f|
||COST|||||
||At 1April 2020 and 31March 2021||||2,837|
||AMORTISATION|||||
||At 1April 2020||||1,241|
||Charge for year||||399|
||At 31March 2021||||1,640|
||NET BOOK VALUE|||||
||At 31March 2021||||1,197|
||At 31March 2020||||1,596|
|10.|TANGIBLE FIXED ASSETS|||||
||||||Fixtures|
||||||and|
||||||fittings|
||||||f|
||COST|||||
||At 1April 2020 and|31March 2021|||6,237|
||DEPRECIATION|||||
||At 1April 2020||||2,729|
||Charge for year||||877|
||At 31March 2021||||3,606|
||NET BOOK VALUE|||||
||At 31March 2021||||2,631|
||At 31March 2020||||3,508|
|11.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||E|E|
||Trade debtors|||||||||437|
||Other debtors||||||||3,747|12,202|
||Pre payments||||||||462|462|
||||||||||4,209|13,101|
|12.|CURRENT ASSET INVESTMENTS||||||||||
||||||||||2021|2020|
||||||||||f|f|
||Shares
in group||undertakings||||||1|1|
|13.|CREDITORS: AMOUNTS||||FALLING||DUE WITHIN ONE YEAR||||
||||||||||2021|2020|
||||||||||E|E|
||Trade creditors||||||||713|18|
||Other creditors||||||||2,880|3,655|
||||||||||3,593|3,673|
|14.|LOANS||||||||||
||An analysis ofthe maturity|||||of loans is given below:|||||
||||||||||2021|2020|
||||||||||E|f|
||Amounts
falling||due within|||one year on demand:|||||
||Kestle Barton|Arts Limited|||||||||
|15.|MOVEMENT|IN|FUNDS||||||||
||||||||||Net||
||||||||||movement||
|||||||||At 1.4.20|in funds|At 31.3.21|
|||||||||E|E|E|
||Unrestricted|funds|||||||||
||General fund|||||||18,781|15,269|34,050|
||TOTAL FUNDS|||||||18,781|15,269|34,050|
||Net movement||in funds,||included||in the above are as follows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|in funds|
|||||||||E|E|E|
||Unrestricted|funds|||||||||
||General fund|||||||107,302|(92,033)|15,269|
||TOTAL FUNDS|||||||107,302|(92,033)|15,269|
##
##
##
||||||Net||
|---|---|---|---|---|---|---|
||||||movement||
|||||At 1.4.19|in funds|At 31.3.20|
|||||f|E|E|
|Unrestricted|funds||||||
|General fund||||31,121|(12,340)|18,781|
|TOTAL FUNDS||||31,121|(12,340)|18,781|
|Comparative|net movement|in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||E|E|E|
|Unrestricted|funds||||||
|General fund||||128,728|(141,068)|(12,340)|
|TOTAL FUNDS||||128,728|(141,068)|(12,340)|
##
||||Detailed Statement of Financial Activities|||
|---|---|---|---|---|---|
||||for the Year Ended 31March 2021|||
|||||2021|2020|
|||||f|f|
|INCOME AND|ENDOWMENTS|||||
|Donations
and|legacies|||||
|Donations||||10,414|35,458|
|Gift aid||||11,502|12,194|
|Grants||||68,381|40,000|
|Income from refreshments||||2,996|7,319|
|Sales Ik venue|hire|||14,009|32,763|
|||||107,302|127,734|
|Other trading|activities|||||
|Feast project|||||994|
|Total incoming|resources|||107,302|128,728|
|EXPENDITURE||||||
|Charitable
activities||||||
|Wages||||33,061|26,853|
|Social security|||||804|
|Pensions||||742|614|
|Rent||||1,725|1,725|
|Advertising||||1,180|3,798|
|Sundries||||115||
|Artist fees||||6,853|20,089|
|Other activity|expenses|||13,487|7,644|
|Catering costs||||734|4,345|
|Gallery cover costs||||1,080|3,143|
|ACE funded expenses||||18,550|52,174|
|Patents and licences||||399|532|
|Fixtures and fittings||||877|1,169|
|||||78,803|122,890|
|Support costs||||||
|Finance||||||
|Bank charges||||900|453|
|Other||||||
|Computer
Ik|internet expenses|||185|360|
|Insurance||||1,606|1,945|
|Light and heat||||1,444|1,797|
|Telephone||||532|598|
|Postage and|stationery|||150|642|
|First aid course|||||324|
|Repairs 5garden||maintenance|||556|
|Travel expenses||||338|408|
|||||4,255|6,630|
|Governance|costs|||||
|Accountancy|and|bookkeeping||3,983|5,178|
|Carried forward||||3,983|5,178|
##
||for the Year End|ed 31March 2021||
|---|---|---|---|
|||2021|2020|
|||E|f|
|Governance|costs|||
|Brought forward||3,983|5,178|
|Terminal
charges||589|502|
|Professional|fees|3,503|5,415|
|||8,075|11,095|
|Total resources|expended|92,033|141,068|
|Net income/(expenditure)||15,269|(12,340)|