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