2021-08-31-accounts - Shallal

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Table ofContents	Table ofContents
1.	Introduction. .
2.	Chair's Report from Henrietta	Boex..
3.	A report from Jo Willis, Creative		Director.
4.	A Report from Colin Curbishley,		Facilitator.
5.	Studio update —Lou Brett 8 Phoebe Barnicoat.
6.	Shallal Sketchbooks- Claire Mayle
7.	Shallal Mission Statement.			13
8.	Charitable Objects (what Shallal		is here to do)..	13
9.	Shallal aims to..			..13
10.	Who is Involved.			.14
11.	Partners who help Shallal.			15
12.	Professionallnformation. .			15
13.	Names ofCharity Trustees.			.16
14.	Contribution made by volunteers.		.	.16
15.	Financial Review..			.16
16.	Independent Examiners Report	tothe Trustees ofShallal....		......18
17.	Statement of Financial Activities.			.19
18.	Balance Sheet			20
19.	Notes to the accounts.			21-29

				for the	year ended 31August	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
			Notes
Income and
endowments	frotn:
Donations and	legacies			4	2,792	2,134	4,926	55
Charitable activities				5	3,356	226,542	229,898	184,652
Total					6,148	228,676	234,824	184,707
Expenditure	on:
Charitable activities					11,345	223,309	234,654	123,069
Total					11,345	223,309	234,654	123,069
Net gains on invesnnents
Net income					(5,197)	5,367	170	61,638
Transfers between		funds			3,368	(3,368)
Net income before		other			(1,829)	1,999	170	61,638
gains/(losses)
Other gains and losses:
Net movement	in funds				(1,829)	1,999	170	61,638
Reconciliation	offunds:
Total funds brought					14,534	81,641	96,175	34,537
forward
Total funds carried					12,705	83,640	96,345	96,175
forward

			31August 2021
Company No.		Notes	2021	2020
Fixed assets
Tangible assets		8	2,944
			2,944
Current assets
Debtors			6,425
Cash at bank and	in hand		94,561	97,050
			100,986	97,050
Creditors: Amount	falling due within one year	10	(7,585)	(875)
Net current assets			93,401	96,175
Total assets less current liabilities			96,345	96,175
Net assets excluding	pension asset or liability		96,345	96,175
Total net assets			96343	96,175
The funds ofthe charity
Restricted funds
Restricted income	funds		83,640	81,641
			83,640	81,641
Unrestricted funds
General funds			10,905	14,534
Designated funds			1,800
			12,705	14,534
Reserves
Total funds			96345	96,175

Income
Recognition	ofincome	Income is included in the Statement ofFinancial Activities (SoFA) when
		the charity becomes entitled to, and virtually certain to receive, the
		income and the amount ofthe income can be measured with sufficient
		reliability.
Income with	related	Where income has related expenditure the income and related expenditure
expenditure		is reported gross in the SoFA.
Donations and		Voluntary income received by way ofgrants, donations and gifts is
legacies		included in the the SoFA when receivable and only when the Charity		has
		unconditional entitlement to the income.
Tax reclaims	on	Income from tax reclaims is included in the SoFA at the same time as		the
donations and gifts		gift/donation to which it relates.
Donated services and		These are only included in income (with an equivalent amount in
facilities		expenditure) where the benefit to the Charity is reasonably quantifiable,
		measurable and material.
Volunteer help		The value ofany volunteer help received is not included in the accounts.
Investment income		This is included in the accounts when receivable.
Gains/(losses)	on	This includes any gain or loss resulting from revaluing investments	to
revaluation offixed		market value at the end ofthe year.
assets
Gains/(losses)	on	This includes any gain or loss on the sale ofinvestments.
investment assets
Expenditure
Recognition	of	Expenditure is recognised on an accrusls basis. Expenditure includes		any
expenditure		VAT which cannot be fully recovered, and is reported as part ofthe expenditure to which itrelates.
Expenditure	on raising	These comprise the costs associated with attracting voluntary income,
f'unds		fundraising trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by the Charity in the delivery ofits
charitable activities		activities and services in the furtherance ofits objects, including the
		making ofgrants and governance costs.
Grants payable		All grant expenditure is accounted for on an actual paid basis plus an
		accrual for grants that have been approved by the trustees at the end	ofthe
		year but not yet paid.
Governance costs		These include those costs associated with meeting the constitutional	and
		statutory requirements ofthe Charity, including any audit/independent
		examination fees, costs linked to the strategic management ofthe Charity,
		together with a share ofother administration costs.
Other expenditure		These are support costs not allocated to aparticular activity.

3 Statement	ofFinancial	Activities - prio	r year
				Unrestricted	Restricted	Total
				funds	funds	funds
				2020	2020	2020
Income and endowments
from:
Donations	and legacies			55		55
Charitable	activities			15,661	168,991	184,652
Total				15,716	168,991	184,707
Expenditure	on:
Charitable	activities			13,741	109,328	123,069
Total				13,741	109,328	123,069
Net income				1,975	59,663	61,638
Net income before other gains/(losses)				1,975	59,663	61,638
Other gains and losses:
Net movement	in funds			1,975	59,663	61,638
Reconciliation	offunds:
Total funds brought forward				12,561	21,976	34,537
Total funds carried forward				14536	81,639	96,175
4 Income from donations		and legacies
			Unrestrict
			ed	Restricted	Total	Total
					2021	2020
					g
Donations	and Legacies		2,792	2,134	4,926	55
			2,792	2,134	4,926	55

Income from charit	able activities
		Unrestrict
		ed	Restricted	Total	Total
				2021	2020
Grant Income
Arts Council			14,833	14,833	28,786
Awards for All			17,380	17,380
BackLane West					8,655
Cornwall Community Foundation			4,770	4,770	7,180
Henry Smith Charity			34,100	34,100	34,100
Neighbourhood Trust			19,978	19,978
RC Business Manager			23,708	23,708
Funding
Reaching Communities Emergency Fund			84,411	84,411	90,270
RTR Foundation			25,337	25,337
Small Grants under	f,10k		2,025	2,025	10,750
Primary Purpose Trading
Participants Fees		3,103		3,103	4,905
Artist Sales/ Commissions		40		40	6
Poetry Book Sales		53		53
		160		160
		3,356	226,542	229,898	184,652

Expenditure	on ch	arit	ab	le activitie	s
					Unrestrict
					ed	Restricted	Total	Total
							2021	2020
Direct expenditure		on
charitable activities
Facilitator Fees					1,596	98,080	99,676	47,841
Artists 8r.Performance			Fees		650	3,050	3,700	6,948
Art Materials					196	3,542	3,738	1,862
Venue Hire					300	1,832	2,132	10,452
Costume					38	104	142	13
Evaluation						3,740	3,740	1,710
Creative Director					360	8,200	8,560	13,700
Studio Staff						7,290	7,290
Support Costs
Wages					0	15,730	15,730
Stafftraining					20	1,335	1,355	6
Travel and subsistence					245	11,289	11,534	9,586
Rent tk rates						6,700	6,700
Insurance						899	899	1,066
Printing, postage and					12	3,027	3,039	398
Stationary
Subscriptions					14	872	886	180
sundry expenses					119	6,289	6,408	2,686
Marketing and promotion					734	27,959	28,693	2,999
Consultancy	fees				2,748	23,372	26,120	19,877
Legal and professional			fees		3,165		3,165	2,440
Bank charges					84		84	60
Governance	costs
Accountancy	fees				88		88	120
Independent	examination			of	975		975	1,125
the charity's	accounts
					11,345	223,309	234,654	123,069

7	Staffcosts
	Salaries and wages				15,730
					15730
	The average monthly	number offull time		equivalent
	employees during the	year	was as follows:
					2021		2020
					Number		Number
	Charitable activities				1
8 Tangible fixed assets
				Camera
				and Music Equipmen	Fixtures and Fittings	Computer Equipment	Total
				t
	Cost or revaluation
	At 1 September 2020			985	221	438	1,644
	Additions					2,944	2,944
	At 31August 2021			985	221	3,382	4,588
	Depreciation and
	Impairment
	At 1 September 2020			985	221	438	1,644
	At 31August 2021			985	221	438	1,644
	Net book values
	At 31August 2021					2,944	2,944
	At 31August 2020
9	Debtors
					2021		2020
	Trade debtors				6,425
					6625
10	Creditors:
	amounts falling due within		one year
					2021		2020
	Trade creditors				2,116
	Accruals and deferred	income			5,469		875
					7 585		875

		Incoming resources	Resources expended	Gross transfers	At31 August
	September	(including
	2pZp	Other gains
		/losses)
Restricted funds:
Restricted income funds:
Here and Now - Arts
Council	3,826			(3,826)
Picture Post/ Sketchbooks	7,742	30,846	(38,705)	116	0
Comwall Community
Foundation	4,980	4,770	(4,980)		4,770
Henry Smith Charity	(558)	34,100	(34,684)	1,142	0
RC Business Manager
Funding		23,708	(5,363)		18,346
Reaching Communities
Emergency Fund	65,651	84,411	(128,338)	(800)	20,924
RTRFoundation -Time to
Shine		20,387	(11,240)		9,147
Underworld Project		30,454			30,454
Total	81,641	228,676	(223,309)	(3,368)	83,640
Unrestricted funds:
General funds	14,534	5,148	(11,345)	2,568	10,905
Designated funds:
Sophie Muir Donation		1,000			1,000
Capital Expenditure				800	800
Total		1,000		800	1,800
Revaluation Reserves:
Total funds	96 775	234,824	~234,654		96,345

Analysis ofnet assets between funds
	Unrestricted funds	Restricted funds	Total
Fixed assets	2,944		2,944
Net current assets	9,761	83,640	93,401
	12705	83,640	96,345