|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||||||||| ## |||at||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| ##