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2021-03-31-accounts

Page
Reference and administrative details ofthe charity, its Trustees and advisers
Trustees'
report		 2-4
Independent
examiner's
report
Statement offinancial activities
Balance sheet
Notes to the financial statements 8-16

Unrestricted Restricted Total Total
funds funds funds funds
2021
6		 2021
F		 2021
F		 2020f
Income from:
Donations
and legacies		 195,266 9,595 204,861 246,650
Other trading
activities		 1,339 1,339 1,851
Total income 196,605 9,595 206,200 248,501
Expenditure
on:
Charitable
activities		 132,833 20,467 153,300 203,862
Total expenditure 132,833 20,467 153,300 203,862
Net income/(expenditure) 63,772 (10,872) 52,900 44,639
Transfers between funds 10 (10,865) 10,865
Net movement
in		 funds 52,907 (7) 52,900 44,639
Reconciliation
of		 funds:
Total funds brought forward 21,831 4,782 26,613 (18,026)
Net movement
in funds		 52,907 (7) 52,900 44,639
Total funds carried forward 74,738 4,775 79,513 26,613

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021
6		 2021
6		 2020f
Grants 192,910 9,595 202,505 223,560
Government grants 2,356 2,356 23,090
Total 2021 195,266 9,595 204,861 246,650
Total 2020 190,260 56,390 246,650

Activi ties
undertaken Support Total Total
directly costs funds funds
2021
6		 2021f 2021
E		 2020
8
Charitable activities 133,605 19,695 153,300 203,862
Total 2020 177,287 26,575 203,862

Total Total
Activities funds funds
2021f 2021f 2020f
Staff costs 78,541 78,541 49,540
Domestic arts projects 37,774 37,774 69,520
Artist development 7,393 7,393 16,476
Staff costs direct 3,065 3,065 243
Promoting charitable activities 2,412 2,412 900
Sundry expenses 1,310 1,310 824
International arts projects 3,110 3,110 39,784
133,605 133,605 577,287
Total 2020 177,287 177,287
Analysis of support costs
Total Total
Activities funds funds
2021f 2021f 2020
Wages and Salaries 4,750 4,750 7,477
Depreciation 596 596 766
General office expenses 257 257
Computer
and software		 179 179 384
Trustee entertaining 2,381
Bank charges 15 15 47
Insurance 1,441 1,441 1,715
Legal fees 195 195 13
Travelling 202 202 2,592
Postage and stationery 1,082 1,082 616
Subsistence and accommodation 662 662 855
Governance -accountancy costs 10,316 10,316 9,729
19,695 19,695 26,575
Total 2020 26,575 26,575

2021
6		 2020f
Fees payable to the charity's independent examiner for the independent
examination ofthe charity's annual accounts 1,525 1,440
5. Staff costs
2021f 2020f
Wages and salaries 81,723 55,875
Contribution to defined contribution pension schemes 1,568 1,142
83,291 57,017
2021 2020
No. No.

NOTES TO THE FINANCIAL STATEM
FOR THE YEAR ENDED 31 MARCH		 NOTES TO THE FINANCIAL STATEM
FOR THE YEAR ENDED 31 MARCH		 ENTS
2021
7, Tangible fixed assets
Office
equipment
6
Cost or valuation
At 1 April 2020 4,896
Additions 976
At 31 March 2021 5,872
Depreciation
At 1 April 2020 3,913
Charge for the year 596
At 31 March 2021 4,509
Net book value
At 31 March 2021 1,363
At 31March 2020 983
8. Debtors
2021 2020
6
Prepayments
and accrued income		 7,016 2,008
9. Creditors: Amounts falling due within one year
2021f 2020
Other loans 27,000
Trade creditors 1,066 1,356
Other taxation
and social security		 993 1,516
Other creditors 573 949
Accruals and deferred income 2,500 6,319
32,132 10,140

Statement offunds
Statement offunds - current year
Balance at 1 Transfers Balance at 31
April 2020
E		 Income
E		 Expenditure
E		 in/out
E		 March 2021
f
Unrestricted
funds
Designated
funds
Designated
Funds -		 all funds 35,000 35,000
General funds
General Funds - all funds 21,831 196,605 (132,833) (45,865) 39,738
Total Unrestricted funds 21,831 196,605 (132,833) (10,865) 74,738
Designated
funds: due to the global pandemic
our flagship
event was moved from February 21 to 2022.
Thanks to the support ofthe ACE Cultural
Recovery Fund we were able to recoup spent funds and these
funds are committed
and designated
to the delivery ofLeicester 2022.
Restricted funds
Eurodesk Talent Pipeline 1,933 5,095 (5,102) 1,926
HLF Lacemaker/Palron Saints
Day 213 213
Young Creative Award 600 (600)
NCC Family Fdendly Funds 2,636 2,636
Leicester 2021 3,000 (13,709) 10,709
Engagement
Projects		 150 (240) 90
The Mighty Creatives 750 (816) 66
4,782 9,595 (20,467) 10,865 4,775
Total offunds 26,613 206,200 (153,300) 79,513

Balance at
Balance at Transfers 31March
1April 2019f Income
f		 Expenditure
f		 in/out
f		 2020
f
Unrestricted
funds
General
Funds - all funds		 (18,026) 192,111 (149,276) (2,978) 21,831
Restricted funds
Eurodesk Talent Pipeline 2,890 (957) 1,933
HLF Lacemaker/Patron Saints
Day 8,910 (8,697) 213
Young Creative Award 1,000 (1,304) 304
NCC Family Friendly Funds 10,140 (7,504) 2,636
Leicester 2021 12,950 (14,551) 1,601
Engagement
Projects		 20,500 (21,573) 'l,073
56,390 (54,586) 2,978 4,782
Total offunds (18,026) 56,390 (203,862) 26,613

Summary offunds
-cur		 rent year
Balance at 1 Transfers Balance at 31
April 2020
f		 Income
f		 Expenditure in/outf March 2021
Designated funds 35,000 35,000
General funds 21,831 196,605 (132,833) (45,865) 39,738
Restricted funds 4,782 9,595 (20,467) 10,865 4,775
26,613 206,200 (153,300) 79,513

Ba/ance at
Balance at Transfers 31March
1Apri(2019 income Expendituref in/ouif 2020f
General funds (18,026) 192,111 (149,276) (2,978) 21,831
Restricted funds 56,390 (54,586) 2,978 4,782
(18,026) 248,501 (203,862) 26,613

Analysis ofn et assets between funds -curr ent year
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
E L E
Tangible fixed assets 1,363 1,363
Current assets 105,507 4,775 110,282
Creditors due within one year (32,132) (32,132)
Total 74,738 4,775 79,513

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
E
Tangible fixed assets 983 983
Current assets 30,988 4,782 35,770
Creditors due within one year (10,140) (10,140)
Total 21,831 4,782 26,613