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2021-03-31-accounts

Brou ht forward Additions Utilised Carried forward
3 Month Salaries 2167,991 KO f(34,539) 6133,452
Redundancy Costs I8,583 K7,090 E(3,228) f.12,445
3 Month
Running		 K41,444 80 K(3,124) f38,320
Costs
Contractual I44,112 KI15,236 g(44,112) f.115,236
Ex
nditure
Programme f.200,339 6535,337 E(168,218) 6567,458
Funding
Deficit I
Match Fundin
Total f462 469 f657663 f 253 21 %866911

Unrestricted Restricted Total Total
Notes funds funds 2021 2020
Income
Donations 4(a) 14,439 359,678 374,117 1,720,604
Investment income 4(a) 1,717 - 1,717 6,043
Income from trading activities 4(a) 251,000 251,000 389,395
Other 4(a) 150,416 150,416 95,021
Total income f417,572 f359,678 f777,250 f2,211,063
Expenditure
Expenditure on charitable activities 5(a) 535,940 407,565 943,505 2,250,179
Total expenditure 6535,940 f407,565 f943,505 f2,250,179
Net income before transfers (118,368) (47,887) (166,255) (39,116)
Transfers between funds 17
Net income and net movement
in funds for the year (118,368) (47,887) (166,255) (39,116)
Reconciliation offunds 15/16
Total funds brought forward 2,037,138 47,887 2,085,025 2,124,141
Total funds carried forward 1,918,770 1,918,770 f2,085,025

Notes 2021 2021 2020
Income receivable 4(a) 767,221 2,205,020
Less Administrative
expenses		 415,630 678,384
Marketing,
communications
and volunteering 77,844 452,830
Partnerships
and development		 38,090 71,020
Programming
and delivery		 403,629 (935,193) 1,047,945 (2,250,179)
Operating
(deficit) / surplus		 (169,972) (45,159)
Add Interest receivable 4(a) 1,717 6,043
(Deficit) / surplus
on ordinary		 activities for the period (166,255) (39,116)
Accumulated
surplus,
brought		 forward 2,085,025 2,124,141
Accumulated
surplus, carried forward		 f.1,918,770 f2,085,025

CONSO LIDATED BALANC E SHEET AS AT31"MAR CH 2021
Notes 2021 2020
FIXEDASSETS
Tangible assets 10 35,306 67,179
CURRENT ASSETS
Stock 266 264
Debtors 12 43,949 542,155
Cash at bank and in hand 2,160,374 1,874,852
2,204,589 2,417,271
CREDITORS: amounts falling due
within one year 13 (321,125) (397,431)
Net current assets 2,019,840
Provision for liabilities 24 (1,994)
Total assets less total liabilities K1,918,770 f2,085,025
THE FUNDS OFTHE CHARITY:
Unrestricted
income funds		 15 1,918,770 2,037,138
Restricted funds 16 47,887
K1,918,770 K2,085,025

BALANC E SHEET AS AT31"MARCH 2021
Notes 2021 2020
FIXEDASSETS
Tangible assets 10 35,306 56,686
Investments 11 1 1
35,307 56,687
CURRENT ASSETS
Debtors 12 289,478 918,273
Cash at bank and in hand 1,934,775 1,484,156
2,224,253 2,402,429
CREDITORS: amounts falling due
within
one year		 13 (340,790) (382,590)
Net current assets 1,883,463 2,019,839
Total assets less current liabilities K1,918,770 g2,076,526
THE FUNDS OF THE CHARITY: 25
Unrestricted
income funds		 15 1,918,770 2,028,639
Restricted funds 16 47,887
g1,918,770 K2,076,526

Note 2021 2021 2020
CASH (USED)/GENERATED BYOPERATING
ACTIVITIES 22 289,975 (425,480)
CASH FLOWS FROM INVESTING
ACTIVITIES
Interest income 1,717 6,043
Purchase oftangible
fixed assets		 (8,526) (56,446)
Sales oftangible fixed assets 2,356
CASH USED IN INVESTING ACTIVITIES (4,453) (50,403)
Increase in cash and cash equivalents
in the year 283,522 (475,883)
Cash and cash equivalents
at the beginning
ofthe year 1,874,852 2,350,735
TOTAL CASH AND CASH EQUIVALENTS
AT THE KND OFTHE YEAR K2,160,374 81,874,852
ANALYSIS OF CHANGES IN CASH AND CASH E UIVALENTS
At 1" Cash Non Cash At 31st
April 2020 Flows Changes March 2021
Cash at Bank and in Hand g1,874,852 f285,522 g2,160,374
Being:-
Unrestricted 1,780,465 1,922,160
Restricted/Deferred
Income		 94,387 238,214
f.1,874,852 f2,160,374

) Analysis ofinco me
2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
Donations
Grants receivable (note 4b) 6,127 359,678 365,805 1,315 1,673,162 1,674,477
Donations in kind 8,312 - 8,312 46,127 - 46,127
f14,439 %359,678 I374,117 F47,442 K1,673,162 Z1,720,604
Investment income
Bank interest receivable 81,717 f.1,717 86,043 f. - f6,043
Income from trading
activities
Income &om partners and
business
club members		 251,000 251,000 389,395 389,395
Consultancy 2,700 2,700
8253,700 f253,700 f389,395 f389,395
Other income
Third party recharges, ticketing
income and book souvenir
income f5,065 f5,065 f.95,021 K95,021
Government grant COVID
support f.142,651 f142,651

.b) Analysis ofgrants r eceivable
2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
Arts Council England 235,679 235,679 1,019,627 1,019,627
Spirit of2012 103,999 103,999 240,425 240,425
Kingston
upon Hull City		 Council 5,000 5,000
Heritage Lottery Fund 48,750 48,750
We Are IVE 2,258 2,258
Hull College 3,000 3,000
BackTo Ours 3,000 3,000
Clinical Commissioning Group 65,000 65,000
HCUK Training 2,000 2,000
Heritage Lottery Fund 100,000 100,000
BackTo Ours (HIPI) 10,000 10,000
Yorkshire Water 15,000 15,000
Art Ltd (684) (684)
NESTA 20,000 20,000 110,000 110,000
Others 6,127 6,127 1,315 1,315
Performing
Rights Soc.Foundation		 46,286 46,286
RVW Trust 2,000 2,000
The Leche Trust 1,500 1,500
K6,127 f359,678 f365,805 81,315 K1,673,162 f,1,674,477

2021 2020
Legal services 8,312
Furniture 10,727
Leasehold improvements 35,400
f8,312 f46,127

Direct cha rit able
expenditure
Direct Support Governance Total Total
costs costs (5.b) costs (5.c) 2021 2020
Activity
Partnerships and development 38,090 29,235 1,845 69,170 101,673
Marketing and communications 77,844 59,748 3,770 141,362 648,270
Programming and delivery 403,629 309,798 19,547 732,973 1,500,236
6519,563 f398,781 f25,161 f943,505 K2,250,179

Analysis ofsupport
costs		 Other
Staffing I.T.,Travel & Admin Total Total
costs communications costs 2021 2020
Partnerships
and development		 15,484 1,064 12,687 29,235 26,587
Marketing
and communications		 31,646 2,173 25,929 59,748 169,518
Programming
and delivery		 164,085 11471 134,442 309,798 392,301
6211,215 f14,508 f173,058 f398,781 f588,406
Support costs have been apportioned according to the ratio ofdirect costs.
Governance
costs		 2021 2020
Auditors'
remuneration		 19,514 34,390
Legal charges 662 38,714
Consultancy
and professional		 fees 4,985 16,874
f25,161 f89,978
Governance
costs have been apportioned
according to the ratio ofdirect costs.
Operating
(deficit) / surplus		 is stated atter charging the following
items:		 2021 2020
Depreciation 36,899 37,758
Loss on Disposal ofFixed Assets 1,145
Auditors'
Remuneration:
Audit fees		 12,014 26,890
:Accountancy services 7,500 7,500

Staff costs 2021 2020
Staff salaries 460,580 784,305
Redundancy and termination payments 5,714 29,138
Freelance contracts, secondment charges and salaries in kind 64,434 116,552
Employer's NIC 43,937 78,503
Pension scheme contributions 28,280 39,290
f602,945 f.1,047,788
services ofthe B oard's chair on afreelance basis.
These are broken down as follows: 2021 2020
Freelance services 64,434 116,552
664,434 f.116,552
2021No. 2020 No.
Number ofstaff to have accrued benefits under
money purchase pension scheme 19 29
hair, was 1 4( 2020:26). The average number offul l time equivalent
employees was		 as follows:
2021No. 2020 No.
Administration 4.2 5.6
Partnerships and development 0.4 1.0
Marketing and communications 2.0 4.8
Programming and delivery 7.4 13.4
14.0 24.8

Tangible fixed assets —Group Fixtures,
fittings
Property and
alterations equipment Total
Cost
At 1"April 2020 247,175 152,479 399,654
Additions 8,526 8,526
Disposals (37,393) (37,393)
At 31
March 2021		 255,701 115,086 370,787
Depreciation
At 1 April 2020 215,449 117,026 332,475
Added this year 16,907 19,992 36,899
Written back on disposals (33,892) (33,892)
At 31a March 2021 232,356 103,126 335,482
Net BookValue
At 31a March 2021 f23,345 811,961 f35,306
At 31"March 2020 631,726 f35,453 f67,179

Tangible fixed assets —Company
Leasehold Fixtures dk Computer
alterations fittings equipment Total
Cost
At 1"April 2020 247,175 52,250 69,062 36&,487
Additions 8,526 8,526
Disposals (11,556) (23,162) (34,718)
At 31s March 2021 255,701 40,694 45,900 342,295
Depreciation
At 1"April 2020 215,449 34,419 61,933 311,801
Charge for the year 16,907 6,574 3,825 27,306
Written back on Disposals (8,956) (23,162) (32,118)
At 31"March 2021 232,356 32,037 42,596 306,989
Net BookValue
At 31"March 2021 23,345 8,657 3,304 35,306
At 31"March 2020 f31,726 617,831 67,129 I:56,686

12. Debtors Group Group Company Company
2021 2020 2021 2020
Trade debtors 289 30,349 5,144
Accrued income 24,418 492,210 24,418 492,210
Other debtors and prepayments 19,242 19,596 18,962 19,200
Amount
due from group undertaking		 246,098 401,719
f43,949 f542,155 F289,478 f918,273
All group and company
debtors for 2021 and 2020 represent		 Unrestricted Funds.
13. Creditors: amounts
falling due within		 one year Group Company
2021 2020 2021 2020
Trade creditors 24,478 44,891 24,478 44,891
Other taxes 10,364 236,544 33,029 236,544
Other creditors and accruals 37,580 57,655 34,580 54,655
Deferred income (note 14) 248,703 58,341 248,703 46,500
Amount
due to group undertaking
$321,125 f379,431 f340,790 f382,590

Brought Received Received Recognised Carried
forward unrestricted restricted as income forward
Arts Council England (358,989) 825,000 235,679 230,332
Att Fund 2,970 2,970
Heritage lottery fund (10,000) 10,000
Nests 20,000 20,000
Others 10,766 6,627 4,139
Spirit of 2012 108,911 103,999 4,912
BackTo Ours (500) (500)
(369,489) 10,766 966,811 365,805 242,353
Partnership fees and business club
subscriptions 11,841 241,859 253,700
f(357,648) f252,625 f966,811 $619,505 f242,353
Shown as: Deferred income 58,341 248,703
Income in arrears (415,989) (6,350)
K(357,648) 6242,353

Reconciliation
ofmovements
in		 unrestricted
income funds		 unrestricted
income funds
Group Company
2021 2020 2021 2020
Income 417,572 537,901 411,724 984,460
Expenditure (535,940) (624,904) (521,593) (607,004)
Transfers (note 17)
Opening
funds		 2,037,138 2,124,141 2,028,639 1,651,183
Closing funds f1,918,770 f2,037,138 g1,918,770 f2,028,639

16.
Rec		 onciliation ofmov ement s
in res		 tricted
in		 come funds
As at As at
1"April Income Expenditure Transfers 31"March
2020/2021 Arts Council England 235,679 (235,679)
Nests 47,887 20,000 (67,887)
Spirit of2012 103,999 (103,999)
359,678 (407,565)
201902020 ~C
ilE gl		 4 1,019,627 (1,019,627)
Heritage Lottery Fund 48,750 (48,750)
Kingston upon Hull City Council 5,000 (5,000)
Liverpool Biennial (684) 684
Nests 110,000 (62,113) 47,887
Spirit of2012 240,425 (240,425)
We Are IVE 2,258 (2,258)
Hull College 3,000 (3,000)
Back To Ours 3,000 (2,500)
Clinical Commissioning Group 65,000 (65,000)
HCUK Training 2,000 (2,000)
Heritage Lottery Fund 100,000 (100,000)
Back To Ours (HIPI) 10,000 (10,000)
Yorkshire Water 15,000 (15,000)
Performing
Rights		 Society
Commission 46,286 (46,286)
RVW Trust 2,000 (2,000)
The Leche Trust 1,500 (1,500)
EI,673,162 g(1,625,275) f47,887

The company's
bankers		 hold a de hold a de benture
d		 benture
d		 ated 9+ February, 2015over t ated 9+ February, 2015over t ated 9+ February, 2015over t he assets ofth e company.
22. Reconciliation ofnet movement in funds to net cash flow from
operating
activities		 Group
2021 2020
Net movement
in funds		 (166,255) (39,116)
Add back depreciation charge 36,899 37,758
Add back loss on disposal offixed assets 1,145
Deduct interest income shown in investing activities (1,717) (6,043)
(increase)/Decrease
in		 stock (2) 470
(Increase)/Decrease
in		 debtors 498206 (83,053)
Increase/(Decrease)
in		 creditors (76,306) (333,542)
Deferred taxation provision
movement		 included as a (credit)/an expense (1,994) (1,954)
Net cash (used) / generated
in operating		 activities f289,975 K(425,480)

Balances:
2021 2020
Accelerated capital allowances f,1,994
Movement in the year
2021
Liability at 1 April 2020 1,994
Credit (1,994)