2021-03-31-accounts

		Page
Company Information
Report ofthe Directors		4-9
Report ofthe Independent	Examiner	10
Income and Expenditure	Account
Balance Sheet		12
Notes to the Financial Statements		13-21

DIRECTORS:	P A Greco (Resigned	26November 2020)	26November 2020)	26November 2020)
	A THewitt
	KChadwick (Appointed		23 November 2020)
	JMurray (Appointed	29 March 2021)
	A Conaghan (Appointed		28	June 2021)
	A Campbell (Appointed		28 June 2021)
	W Chamberlain (Appointed			28 June 2021)
REGISTERED OFFICE:	24 Guildhall Road
	North ampton
	NN1 IDP
REGISTERED NUMBER:	06817424(England and		Wales)
	1157238
ACCOUNTANTS:	JRWatson 8cCo
	Chartered Accountants
	Chancery House
	52 Sheep Street
	Northampton
	NNI 2LZ

			Notes	Unrestricted	Restricted	Total funds	Total funds
				funds	funds	2021	2020
Income
Donations and legacies Income from charitable activities				100 63,161	151,802	100 214,963	1,128 107,551
Commercial trading activities Investment income				3,465 22		3,465 22	729 92
Total incoming resources				66,748	151,802	218,550	109,500
Expenditure
Expenditure on charitable Costs ofraising funds	activities			10,054	69,733	79,787	96,681
Expenditure on administration		and governance
costs				3,339	50,257	53,596	23,179
Total expenditure			5-6	13,393	119,990	133,383	119,860
Net expenditure/income
Movement in funds for the	year			53,355	31,812	85,167	(10,360)
Reconciliation offunds
Total funds brought forward				35,791	2,020	37,811	48,171
Total funds carried forward			15	89,146	33,832	122,978	37,811

Income from donations	2021	2020
Donated services
Donations	100	1,128
	100	1,128

				Unrestricted	Restricted	2021	2020
JRS Grant				2,027		2,027
NBC				42,143		42,143	29,000
Arts Council England					131,104	131,104	60,000
Northamptonshire Community		Foundation			4,910	4,910	3,000
South East Midlands	Local Enterprise		Partnership		15,788	15,788	4,666
University Art Space Artists' studio rental				4,000 14,991		4,000 14,991	1,000 9,885
				63,161	151,802	214,963	107,551

			Property			Artistic	2021
			Overheads	Office	Staff	Spend	Total
Arts Council	England		3,044	6,207	73,470	23,412	106,133
South East Midlands		Local Enterprise
Partnership				251	11,630	1,976	13,857
			3,044	6,458	85,100	25,388	119,990

		Property
		Overheads	Office	Staff	Total
					f
Charitable		1,135	7,945	9,784	10,054
Administration	and governance	200	1,402	195	1,797
General support Depreciation of	fixed assets		87	1,455	1,455 87
Staff				184	184
		200	1,489	1,650	3,339
		1,335	9,434	2,624	13,393

7.	Analysis of	Analysis of	property	overheads	overheads			2021	2020
									f,
	Overheads
	Electricity								368
	Gas Water							14	1,016 261
	Rates								658
	Cleaning General maintenance Waste disposal/Recycling Security							1,588 812 1,239 215	1,519 2,300 2,048 370
	Equipment	repair						511	333
	Rent								12,000
								4,379	20,873
	Allocated as		follows
	Charitable	activities			- unrestricted		funds	1,135	12,873
	Administration		and governance		- restricted funds - unrestricted funds			2,587 200	8,000
					- restricted	funds		457
								4,379	20,873

8.	Analysis ofadministration	and governance	and governance		2021	2020
	Office
	Phone landline Broadband				285 320	1,594 691
	Postage and stationery				483	214
	Printing				107	96
	Licences and fees				40	164
	Gallery insurance Legal fees				1,692 5,191	3,745
	Intern expenses					526
	ITsoftware				1,128	259
	Finance and payroll				551	911
	Accountancy fees and advice Bank charges				1,900 162	1,837 173
	Board expenses				266	522
	Sundry					88
	Computer costs Depreciation offixed assets				3,680 87	109
	Other service costs					2,000
					15,892	12,929
	Allocated as follows
	Charitable activities	- unrestricted		funds	7,945	5,761
	Fundraising activities	- restricted funds - unrestricted funds			3,893	6,042
	Administration and governance - unrestricted			funds	1,489	1,126
		- restricted	funds		2,565
					15,892	12,929

9.	Analysis	ofstaff costs						2021	2020
	Wages and salaries							56,495	55,391
	Employer's NI cost							847	1,093
	Pension costs							1,133	1,051
	Training	and travel						1,358	458
	Freelance	and consultants	and building	maintenance			support	28,466	7,384
								87,724	65,377
	Allocated	as follows
	Fundraising activities		-unrestricted			funds
	Charitable	activities	-unrestricted			funds		975	27,176
			-restricted		funds			37,864	35,346
	Administration and governance - unrestricted					funds		1,650	2,855
			-restricted		funds			47,235
								87,724	65,377

11.	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets
					Plant and
					machinery
	Cost
	At 1 April 2020 and		31 March 2021		15,550
	Depreciation	and impairment
	At 1 April 2020				15,114
	Depreciation	charged	in the year		87
	At 31March	2021			15,201
	Net book value
	At 31March	2021			349
	At 31 March 2020				436
12.	Debtors			2021	2020
	Trade debtors			11,671	564
	Prepay ments			1,207	1,452
				12,878	2,016
13.	Creditors: amounts		falling due within one year	2021	2020
					f.
	Trade creditors			18,612	3,192
	Other creditors			6,172	2,596
				24,784	5,788
14.	Analysis ofcharitable		funds

Analysis	ofcharitable funds
		At	31	March	Income	Expenditure	At	31March
				2020				2021
General	funds			35,791	66,748	(13,393)		89,146
Restricted				2,020	151,802	(119,990)		33,832
				37,811	218,550	(133,383)		122,978

Analysis ofnet assets within	funds
		General	Restricted	Total
		funds
At I April 2020 Profit for the year		35,791 53,355	2,020 31,812	37,811 85,167
At 31March 2021		89,146	33,832	122,978
Represented by
Tangible fixed assets		349		349
Current assets		113,582	33,832	147,414
Current liabilities		(24,785)		(24,785)
		89,146	33,832	122,978