||||Page||
|---|---|---|---|---|
|Reference and Administrative||Details|||
|Report ofthe Trustees|||2 to|9|
|Independent
examiners|report||10||
|Statement ofFinancial|Activities||||
|Balance Sheet|||12||
|Cash Flow Statement|||13||
|Notes tothe Cash Flow Statement|||14||
|Notes to the Financial Statements|||15 to|23|
##
|TRUSTEES||JG P Meehan|||||
|---|---|---|---|---|---|---|
|||KA A Okra|||||
|||SMadden|||||
|||N Porteus|||||
|||K Denby (Chair)|||||
|||B M McKnight (resigned|||16.6.2021)||
|||Cllr D Craker (resigned|||16.6.2021)||
|||M Relph (resigned||12.05.22)|||
|||SA Christopher|||||
|||P M Dalby|||||
|||DJ Keel|||||
|||BRichardson
(resigned|||12.05.22)||
|||R Rosemary
Pantelakis|||(appointed|16.6.2021, resigned|
|||19.05.22)|||||
|||G Taylor (appointed||08.06.22)|||
|||R Pritchard
(appointed 04.10.22)|||||
|REGISTERED|OFFICE|Room 905|||||
|||Floor 9,44 Bond|Street||||
|||Hull|||||
|||East Yorkshire|||||
|||HU1 3EN|||||
|REGISTERED|COMPANY|08530799(England||and Wales)|||
|NUMBER|||||||
|REGISTERED|CHARITY|1158439|||||
|NUMBER|||||||
|INDEPENDENT|EXAMINERS|Smailes Goldie|||||
|||Chartered
Accountants|||||
|||Regent's
Court|||||
|||Princess Street|||||
|||Hull|||||
|||East Yorkshire|||||
|||HU2 8BA|||||
|BANKERS||The Co-operative
P0Box250|Bank||pic||
|||Skelmersdale|||||
|||Lancashire|||||
|||WN8 6WT|||||
|SOLICITORS||Rollits LLP|||||
|||Citadel House|||||
|||58 High Street|||||
|||Hull|||||
|||HU1 IQE|||||
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Restricted|Total|Total|
||||Notes|fund
8|fundf|funds
F|funds
6|funds
F|
|INCOME AND|||||||||
|ENDOWMENTS|FROM||||||||
|Donations
and legacies|||3|32,826||35,667|68,493|53,991|
|Charitable
activities|||||||||
|Artistic Activities||||||321,007|321,007|243,027|
|James Reckitt Library Trust||||||112|112|53|
|Core Costs||||464,350|||464,350|286,499|
|The Vigil||||||61,426|61,426|34,211|
|Total||||497,176||418,212|915,388|617,781|
|EXPENDITURE|ON||||||||
|Charitable
activities|||5||||||
|Artistic Activities||||||397,033|397,033|70,495|
|James Reckitt Library Trust||||||12,020|12,020|9,993|
|Core Costs||||341,434|||341,434|284,874|
|The Vigil||||||36,059|36,059|38,257|
|Total||||341,434||445,112|786,546|403,619|
|NET|||||||||
|INCOME/(EXPENDITURE)||||155,742||(26,900)|128,842|214,162|
|Transfers
between||funds|16|61|||||
|Net movement|in funds|||155,803||(26,961)|128,842|214,162|
|RECONCILIATION||OF|||||||
|FUNDS|||||||||
|Total funds brought|||||||||
|forward||||150,671|85,000|233,955|469,626|255,464|
|TOTAL FUNDS|CARRIED|||306,474|85,000|206,994|598,468|469,626|
|FORWARD|||||||||
##
|Balance Sheet
31stMarch 2022||||
|---|---|---|---|
|||2022|2021|
||Notes|6||
|FIXEDASSETS||||
|Tangible assets|12|2,364|3,458|
|CURRENT ASSETS||||
|Debtors|13|110,274|33,687|
|Cash at bank||676,954|540,020|
|||787,228|573,707|
|CREDITORS||||
|Amounts
falling due within one year|14|(191,124)|(107,539)|
|NET CURRENT ASSETS||596,104|466,168|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||598,468|469,626|
|NET ASSETS||598,488|469,626|
|FUNDS|16|||
|Unrestricted
funds||398,650|235,671|
|Restricted funds||199,818|233,955|
|TOTAL FUNDS||598,468|469,626|
##
|for the year ende|d 31stM|arch 2022|||
|---|---|---|---|---|
||||2022|2021|
|||Notes||E|
|Cash flows from operating
activities
Cash generated
from operations
1|||~137600|~249 113|
|Net cash provided|by operating
activities||~137600|~249 113|
|Cash flows from|investing|activities|||
|Purchase oftangible fixed assets|||(666)|(4,134)|
|Sale oftangible fixed assets||||292|
|Net cash used
in|investing
activities||~666)|~3,842)|
|Change
in cash|and cash|equivalents|||
|in the reporting|period||136,934|245,271|
|Cash and cash equivalents||at the|||
|beginning
ofthe|reporting|period|540,020|294,749|
|Cash and cash equivalents||at the end|||
|ofthe reporting|period||I
676 954|540,020|
##
##
##
||RECONCILIATION
ACTIVITIES|OF NE|T I|NCOME/(EXPE|NDITURE)
TO|NET CASH|FLOW FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||E|E|
||Net income/(expenditure)||for the reporting||period (as per|the|||
||Statement ofFinancial Activities)||||||128,842|214,162|
||Adjustments
for:||||||||
||Depreciation
charges||||||1,760|2,341|
||(Increase)/decrease|in debtors|||||(76,587)|7,044|
||Increase/(decrease)|in creditors|||||~83585|25,566|
||Net cash provided|by/(used||in) operations|||137,600|249,113|
|2.|ANALYSIS OF CHANGES||IN|NET FUNDS|||||
||||||At|1.04.21|Cash flow|At 31.03.22|
||||||||K|5|
||Net cash||||||||
||Cash at bank||||540,020||136,934|~676954|
||||||540 020||136,934|676,954|
||Total||||540,020||136,934|676,954|
##
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##
|DONATIO|NS
AND LEGACIES|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||6|||E|
|Sponsorship|||35,667|35,667|53,500|
|Donations|and gifts|32,826||32,826|491|
|||32,826|35,667|68,493|53,991|
|INCOME|FROM CHARITABLE ACTIVITIES|||||
|||||James||
|||||Reckitt||
||||Artistic|Library|Core|
||||Activities|Trust|Costs|
||||||E|
|Grants received|||321,007||440,273|
|Ticket sales|||||19,520|
|Festival concessions|||||4,490|
|Other income||||112|67|
||||321,007|112|464,350|
|||||2022|2021|
|||||Total|Total|
||||The Vigil|activities|activities|
|||||8||
|Grants received|||61,426|822,706|560,141|
|Ticket sales||||19,520||
|Festival concessions||||4,490|894|
|Other income||||179|2,755|
||||61,426|846,895|563,790|
##
##
|||||||Direct|Direct|Support||
|---|---|---|---|---|---|---|---|---|---|
|||||||Costs|(see|costs (see||
|||||||note 6)||note 7)
f|Totals|
||Artistic Activities|||||397,033|||397,033|
||James Reckitt Library||Trust|||12,020|||12,020|
||Core Costs|||||338,549||2,885|341,434|
||The Vigil|||||36,059|||36,059|
|||||||783,661||2,885|786,546|
|6.|DIRECT COSTS OF CHARITABLE||||ACTIVITIES|||||
|||||||||2022|2021|
|||||||||6||
||Staff costs|||||||208,712|160,770|
||Rent and rates|||||||7,022|5,790|
||Insurance|||||||4,418|4,552|
||Telephone|||||||372|1,006|
||Sundries|||||||4,793||
||Festival and|workshop|content|||||480,471|120,165|
||Advertising|and marketing||||||41,539|64,044|
||Recruitment|expenses|||||||1,550|
||Travel and entertaining|||||||4,326|(441)|
||Post and stationery|||||||1,536|2,513|
||Computer costs|||||||3,721|3,057|
||Subscriptions|||||||482|2,420|
||Repairs and|renewals||||||||
||Training|||||||294|3,909|
||Project management
Depreciation||and|consultancy|costs|||24,215
~1760|~2341|
|||||||||783,661|391,696|
|7.|SUPPORT|COSTS||||||||
|||||||||Governance||
|||||||Finance||costs|Totals|
|||||||6||||
||Core Costs||||||635|2,250|2,885|
||Governance|costs are as follows:||||||||
|||||||||2022|2021|
|||||||||6|f|
||Auditors'
remuneration||||||||6,240|
||Independent|examiners'||fee||||2,250||
|||||||||2,250|11,218|
##
##
|Net incom|e/(expenditure)
is stated a|fter charging/(crediting):|||
|---|---|---|---|---|
||||2022|2021|
||||K|8|
|Depreciation
-owned assets|||1,760|2,341|
|Amounts|payable to the independent|examiner|2,250||
|Amounts|payable to the auditor|||6,240|
##
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##
|||2022|2021|
|---|---|---|---|
|||K|K|
|Wages|and salaries|189,735|164,135|
|Social
Other|security costs
pension costs|14,706
~4271|12,625
4,010|
|||208,712|180,770|
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||Average
number||ofemployees|||||6|5|
||No employees|received emoluments|||in excess off60,000.|||||
|11.|COMPARATIVES||FOR THE STATEMENT|||OF FINANCIAL|ACTIVITIES|(FINANCIAL|YEAR 2021)|
|||||||Unrestricted|Designated|Restricted|Total|
|||||||fund|fund|funds|funds|
|||||||K|8|8|8|
||INCOME AND|ENDOWMENTS||FROM||||||
||Donations
and|legacies||||491||53,500|53,991|
||Charitable
activities|||||||||
||Artistic Activities|||||||243,027|243,027|
||James Reckitt|Library Trust||||||53|53|
||Core Costs|||||286,499|||286,499|
||The Vigil|||||||34,211|34,211|
||Total|||||286,990||330,791|617,781|
##
##
##
|COMPARATIVES F
-continued||OR THE STATEMENT|OF FINANCIAL|ACTIVITIES (|FINANCIAL Y|EAR 2021)|
|---|---|---|---|---|---|---|
|EXPENDITURE ON|||||||
||||Unrestricted|Designated|Restricted|Total|
||||fund|fund|funds|funds|
||||F|F|E||
|Charitable
activities|||||||
|Artistic Activities|||||70,495|70,495|
|James Reckitt Library Trust|||||9,993|9,993|
|Core Costs|||284,874|||284,874|
|The Vigil|||||38,257|38,257|
|Total|||284,874||118,745|403,619|
|NET INCOME/(EXPENDITURE)|||2,116||212,046|214,162|
|Transfers
between||funds|~31887)|31,887|||
|Net movement
in funds|||(29,771)|31,887|212,046|214,162|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought||forward|180,442|53,113|21,909|255,464|
|TOTAL FUNDS CARRIED FORWARD|||150,671|85,000|233,955|469,626|
|TANGIBLE FIXEDASSETS|||||||
|||||||Fixtures|
|||||||and|
|||||||fittings|
|||||||E|
|COST|||||||
|At 1st April 2021||||||8,325|
|Additions||||||866|
|Disposals||||||(1,553377)|
|At 31st March 2022||||||7,454|
|DEPRECIATION|||||||
|At 1st April 2021||||||4,867|
|Charge for year||||||1,760|
|Disposals||||||(1,537)|
|At 31st March 2022||||||5,090|
|NET BOOK VALUE|||||||
|At 31st March 2022||||||2,364|
|At 31st March 2021||||||3,458|
##
##
|13.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||2022
8|2021
f|
||Sponsorship||||||480|
||Other debtors|||||66|625|
||VAT||||||5,765|
||Prepayments|||||110,208|26,817|
|||||||1~10274|33,687|
|14.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|||||||2022|2021|
|||||||6|E|
||Trade creditors|||||89,351|483|
||Other creditors|||||31,129|30,393|
||VAT|||||26,452||
||Accruals and deferred||income|||44,192|76,663|
|||||||191,124|107,539|
||Deferred income|||||2022|2021|
|||||||E||
||Deferred income
Amounts
deferred
Amounts
released|at 1st April
during the period
from previous
periods||||68,250
5,000
12,011
68,250
~N, 280)~5.Ilpa)||
||Deferred income|at 31st March||||12,011|68,250|
##
|ANALY|SIS OF NET A|SSETS BETWEEN|FUNDS||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||Unrestricted|Designated|Restricted|Total|Total|
|||fund|fund|fund|funds|funds|
|||K||6|8|F|
|Fixed assets||2,364|||2,364|3,458|
|Current|assets|494,631|85,000|207,597|787,228|573,707|
|Current|liabilities|(191,124)|||(191,124)|~107,539)|
|||305,871|85,000|207,597|598,468|469,626|
##
##
|for th|e year ended|31st March 2022|||||
|---|---|---|---|---|---|---|
|16.|MOVEMENT|IN FUNDS|||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.04.21
K|in funds
F|funds
f|31.03.22
E|
||Unrestricted|funds|||||
||General fund||150,671|162,918|61|313,650|
||Designated
fund||85,000|||85,000|
||||235,671|162,918|61|398,650|
||Restricted funds||||||
||Artistic Activities||113,702|(28,456)||85,246|
||James Reckitt Library Trust||11,969|(11,908)|(61)||
||The Vigil||(4,046)|25,367||21,321|
||IN-SITU||112,330|@19,079)||93,251|
||||233,955|~34,076|~61|199,818|
||TOTALFUNDS||469,626|128,842||598,468|
||Net movement|in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||E|E|F|
||Unrestricted|funds|||||
||General fund|||497,176|341,434|155,742|
||Restricted funds||||||
||Artistic Activities|||350,800|372,080|(21,280)|
||James Reckitt Library Trust|||112|12,020|(11,908)|
||IN-SITU|||5,874|24,953|(19,079)|
||The Vigil|||61,426|36,059|25,367|
|||||418,212|445,112|(26,900)|
||TOTAL FUNDS|||915,388|786,546|128,842|
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