2021-03-31-accounts

Reference and Administrative Details
Trustees' Report	2to 11
Independent Examiner's Report	12to13
Statement of Financial Activities	14
Statement of Financial Activities	15
Balance Sheet	16to 17
Statement ofCash Flows	18
Notes to the Financial Statements	19to 36

Recognised	Gains	and	Lo	sses)
						Total	Total
				Unrestricted	Restricted	2021	2020
			Note	6			6
Income and Endowments		from:
Donations and legacies			3	210,266		210,266	31,863
Charitable activities			4	226,202	276,484	502,686	348,924
Other trading activities Other income			5 6	1,343 ~2,050		1,343 ~2,050)	24,722 33,520
Total Income				435,761	276,484	712,245	439,029
Expenditure on:
Raising funds Charitable activities				(13,675) ~(232508	(13,878) ~219,186	(27,553) ~(451,694	(80,543) ~386,56D
Total Expenditure				~246,(83	~233,064)	~(479.247	~467.103
Net income/(expenditure) Transfers between funds				189,578 58,962	43,420 ~58,962	232,998	(28,074)
Net movement in funds				248,540	(15,542)	232,998	(28,074)
Reconciliation of	funds
Total funds brought	forward			48,035	333,263	381,298	409,372
Total funds carried	forward		23	296,575	317,721	614,296	381,298

Recognised	Gains	and Loss	es)
						Total
				Unrestricted	Restricted	2020
			Note	6	6	6
Income and Endowments		from:
Donations and legacies				31,863		31,863
Charitable activities				201,782	147,142	348,924
Other trading activities				24,722		24,722
Other income				33,520		33,520
Total income				291,887	147,142	439,029
Expenditure on: Raising funds Charitable activities			7 8	(55,581) ~280,570	(24,962) ~705,990	(80,543) ~386.560
Total expenditure				~(336.751	130,952	(467,103
Net (expenditure)/income Transfers between funds				(44,264) 60,522	16,190 ~60.522)	(28,074)
Net movement in funds				16,258	(44,332)	(28,074)
Reconciliation of	funds
Total funds brought	forward			31,777	377,595	409,372
Total funds carried	forward		23	48,035	333,263	381,298

							Note	2021 k	2020f
Fixed assets
Tangible assets Investments							15 16	422,225 100	372,526 100
								422,325	372,626
Current assets
Debtors							17	68,703	39,516
Cash at bank	and	in hand					18	195,412	57,995
								264,115	97,511
Creditors: Amounts			falling due	within one year			19	~(3ll,477	(45,541)
Net current assets								233,638	51,970
Total assets 6 dlt 3	less	current liabilities t f 6 8 d fl			td	7	211	655,963 ~44, 667	424,596 ~43,298)
Net assets								614,296	381.298
Funds ofthe	charity:
Restricted								317,721	333,263
Unrestricted	income		funds
Unrestricted								296,575	48,035
Totalfunds							23	614,296	381,298

Statement ofCash Flows for t	he Year E	nded 31	March 2021
			2021	2020
		Note	k
Cash flows from operating activities
Net cash income/(expenditure)			232,998	(28,074)
Adjustments to cash flows from non-cash Depreciation	items		41,902	35,418
			274,900	7,344
Working capital adjustments (Increase)/decrease in debtors Decrease in creditors		17 19	(29,187) ~(2.646	19,359 ~9,762
Net cash flows from operating activities			243,067	16,921
Cash flows from investing activities
Purchase oftangible fixed assets		15	(91,601)	(2,176)
Cash flows from financing activities Repayment of loans and borrowings		19	~(14.049	21,979)
Net increase/(decrease) in cash and cash equivalents			137,417	(7,234)
Cash and cash equivalents at 1 April			57,995	65,229
Cash and cash equivalents at 31 March			195,412	57,995

estimated residual value, over their expected	useful economic life as follows:
Asset class	Depreciation	method and rate
Plant and machinery	20% reducing	balance
Fixtures and fittings	20% straight	line
Computer equipment	33.33%straight line
Leasehold property	over the term	ofthe lease

							Unrestricted
							funds	Total
							General	2021
							E	E
Donations and legacies;
Donations							33,059	33,059
Grants,	including			capital grants;
Government			grants - CJRS				133,181	133,181
Government			grants -business		support		44,026	44,026
							210,266	210,266
							Unrestricted
							funds	Total
							General	2020
								E
Donations		and legacies;
Donations							31,863	31,863
							31,863	31,863
						Unrestricted
							Total	Total
						General	2021	2020
						E	E	E
Analysis	of		donations
Big Give General		Charity				18,168 14,891	18,168 14,891	6,072 25,791
						33,059	33,059	31,863

		Unrestricted
		funds	Restricted	Total
		General f	funds 6	2021
User income		136,879		136,879
Ticket income		6,448		6,448
Grants receivable		82,875	276,484	359,359
		226,202	276,484	502,686
		Unrestricted
		funds	Restricted	Total
		General	funds	2020
		6		E
User income		147,891		147,891
Ticket income		35,287		35,287
Grants receivable		5,242	147,142	152,384
Management	charge received	13,362		13,362
		201,782	147,142	348,924

Notes to the F	inancial S	tatements for	the Year En	ded 31 Marc	h 2021
		Unrestricted
				Total	Total
		General	Restricted	2021	2020
		6	6	B	6
Analysis ofgrants receivable
Catherine Cookson					500
Newcastle Culture	Fund		19,758	19,758	19,641
Bailey Thomas					8,000
Co-op					2,242
Power to Change			25,000	25,000	500
LGA Foundation					3,000
Access Reach					6,200
Asda Foundation					8,969
Lloyds Bank Foundation					14,737
Arts Council			145,568	145,568	24,775
Tudor Trust		45,000	5,000	50,000	30,000
Esmee Fairbairn		25,000		25,000	30,000
Northumbrian Water					1,000
Newcastle Building	Society				2,820
Big Lottery			74,000	74,000
Northstar Foundation		12,875		12,875
Austin & Hope			1,000	1,000
Lottery Sport Fund			6,158	6,158
		82,875	276,484	359,359	152,384

5 Inco	me from other trading acti	vities
		Unrestricted
			Total	Total
		General f	2021f	2020 6
Trading	income	1,343	1,343	24,722

		Unrestricted
			Total	Total
Other	income	General 6 ~2,050	2021 6 ~2.050	2020 6 33,520

a) Co	sts	oftrading activities	Unrestricted
					Total	Total
			General 6	Restricted	2021 6	2020f
Costs	of	performances/events	13,675	13,878	27,553	80,543
			13,675	13,878	27,553	80,543

8 Expendi	ture on charitable ac	tivities
		Unrestricted
				Total	Total
		General	Restricted	2021	2020
					6
Wages and	salaries	141,698	160,321	302,019	226,987
Employers	NIC	4,988	13,230	18,218	17,519
Staff pensions		1,619	4,295	5,914	5,428
Governance costs (note 9) Support costs (note 9)		3,828 80,375	41,340	3,828 121,715	5,871 130,755
		232,508	219,186	451,694	386,560

	Unrestricted
	funds	Restricted	Total
	General E	fundsf	funds K
Wages and salaries	141,698	160,321	302,019
Employers NIC	4,988	13,230	18,218
Staff pensions	1,619	4,295	5,914
Governance costs (note 9) Support costs (note 9)	3,828 80,375	41,340	3,828 121,715
Total for 2021	232,508	219,186	451,694
Total for 2020	280,570	105,990	386,560

Support costs all	ocated	to charitable	activities
				Other
			Governance costs	support costs	Total 2021	Total 2020
			6			6
Bank charges				402	402	1,490
Cleaning				4,432	4,432	12,647
Depreciation				41,902	41,902	35,418
Insurance				6,383	6,383	3,659
Light and heat				9,475	9,475	15,351
Printing, stationery	and postage			1,252	1,252	772
Rates				5,663	5,663	5,944
Repairs and maintenance				13,641	13,641	13,239
Staff training				6,633	6,633	1,061
Licensing and memberships				701	701	2,908
Telephone				3,663	3,663	3,816
Computer software costs	and maintenance			3,234	3,234	3,093
Hire of plant and machinery				3,299	3,299	2,974
Sundry expenses VAT)	(inc irrecoverable			285	285	(2,526)
Travel and subsistence				139	139	2,692
Advertising				2,864	2,864	15,010
Legal and professional fees				17,747	17,747	6,950
Independent examination		fees	1,800		1,800	1,800
Other interest payable						6,257
Accountancy fees			2,028		2,028	4,071
			3,828	121,715	125,543	136,626

10 Net incoming/outgoing	resources
Net incoming/(outgoing) resources for the year include:
		2021	2020f
Depreciation offixed assets		41,902	35,418

12Staffcosts The aggregate payroll costs were as follows:
	2021	2020
Staffcosts during the year were:
Wages and salaries	302,019	226,987
Social security costs	18,218	17,519
Pension costs	5,914	5,428
	326,151	249,934

		2021		2020
		No		No
Full	Time		5		6
Part	Time		13		18
			18		24

13Independent	13Independent	examiner's	remuneration
				2021f	2020f
Examination	of	the financial	statements	1,800	1,800

15Tangible fixed assets	15Tangible fixed assets
Long leasehold		Computer equipment f		Fixtures and fittings	Plant and machinery f	Total f
Cost
At 1 April 2020	359,674		16,190	47,104	105,265	528,233
Additions			11,609	38,456	41,536	91,601
At 31 March 2021	359,674		27,799	85,560	146,801	619,834
Depreciation
At 1 April 2020	64,065		15,183	25,564	50,895	155,707
Charge for the year	11,989		3,339	13,005	13,569	41,902
At 31 March 2021	76,054		18,522	38,569	64,464	197,609
Net book value
At 31 March 2021	283,620		9,277	46,991	82,337	422,225
At 31 March 2020	295,609		1,007	21,540	54,370	372,526
16Fixed asset investments
					2021f	2020
Shares in group undertakings	and participating		interests		10D	100

17Debtors
	2021	2020
Trade debtors	15,206	15,132
Due from group undertakings	34,336	23,078
Prepayments	14,252	1,306
Other debtors	4,909
	68,703	39,516

18Cash and cash equivalents	18Cash and cash equivalents
		2021f	2020
Cash at bank		195,412	57,995
19Creditors: amounts	falling due within one year
		2021	2020
Trade creditors		3,935	4,399
Other loans		8,333	20,751
Other taxation and social	security	5,099	4,980
VAT grant repayable			2,629
Other creditors		4,019	1,070
Accruals		9,091	11,712
		30477	45 541

23Funds
		Balance at				Balance at
		1 April 2020 6	Incoming resources 8	Resources expended 8	Transfers	31 INarch 2021 f
Unrestricted
General
General Fund		(6,083)	435,761	(232,543)	(106,038)	91,097
Designated
Capital Asset Fund		54,118		(13,640)		40,478
Emergency Fund 2022 Recovery Fund					90,000 75,000	90,000 75,000
		54,118		(13.6401	165,000	205,478
Total Unrestricted		48,035	435,761	~246,183	58,962	296.575
Restricted
Arts Council		10,127	19,820	(20,400)		9,547
Property Fund		295,609		(11,989)		283,620
Access Reach		1,400		(1,400)
Asda Foundation		8,969			(8,969)
NCIF			19,758	(12,931)		6,827
Newcastle Building	Society	2,421				2,421
Lloyds Foundation		14,737		(8,771)		5,966
Arts Council - Emergency
Grant			35,000	(35,000)
Arts Council - Cultural
Recovery Fund			90,748	(63,754)	(26,994)
Big Lottery - COVID	19Fund		74,000	(71,595)	(2,405)
Power to Change			25,000	(4,406)	(20,594)
Tudor Trust			3,000	(2,818)		182
Tudor Trust- Mental	Health
Awareness			2,000			2,000
Austin & Hope Lottery - Sport Fund			1,000 6,158			1,000 6,158
Total restricted		333263	276 484	~233 064	~58 962	317,721
Total funds		381,298	712245	~479,247		614,296

				Total funds
				at 31 March
	General R	Designated r.	Restricted 8	2020 6
Tangible fixed assets	22,799	54,118	295,609	372,526
Fixed asset investments	100			100
Net current assets/(liabilities) Creditors over 1 year Total net assets	14,316 ~43.298 ~(6,983	84,118	37,654 333,263	51,970 ~43.298 381.298