Company regisiration llumber.. 08329205 Charity registraiion nuniber.. 1167258 BACKLIT LTD IA eompany limited by 8uaran*el Annual Report aTbd Finiincial slements for th¢ Y¢aT Et)dcd 31 Mar¢h 20?1 C0[u1ty Acrounting Plus Units. l & 2 North .¢1 41 Talbui st¢1 Nottingham N(il 5GL
BACKLIT LTD Contents Ref¢Tence and Administrative tkthil Trustees, Report 2to9 Indepcndcni Examiner's Report io SiaiemeThl of Fin&nLial A¢iivilie.% 111(1 12 Balance Sheet Noi¢s lo th¢ Finan¢ial Siaiemenis 1410 24
BACKLIT LTD Reference and AdtDinistrative Details Tru5tet$ Philip BtODks-Stephenson. Choir hley Gallant. Vice Chajr Mail Hthll L#urn-Jd(le Vaughan Feltham Dathiel Poole Ctaig Ch¢i¢lc AlcxartdcT Jov¢i¢-Sas Susart Andc]%on Seereiary Alexarmler Jov¢ic-S&% Senlor M*n#gemtni TM Maiihew Chesney. DireCT Suzanrt¢ Goldim, D¢puiy Dirccior Prlnclpol Office Alfred Hous¢ Ashley Sireei Noiiinghumshire NG3 IJG Comparty Re%i$tra(Son Number 08329205 Ch#rlty ReRl$tr#tlon Number 116725¥ lrtdependeni ExArnlner John O'Bri¢n. cmploy¢¢ of Community A¢¢ouniing Plus Units l & ? Nvrth W¢¥i 41 TdlFx)I Sireei Nottingham N(i15(iL Page I
BACKLIT LTD Trustee5' Report The trnsiees, who are diTeciots for th¢ pws of comparty law, pweni the ann] report gelh¢r with the financial staiemenis of the charitable company for the year ended 31 March 2021. Trugttt$ Philip Bm(Ik%-Siephert%(In. Chair Ashl¢y Gallani. Vi¥¢ ChaLr Mail Hall Laura-Jade Vaughan Laura Fcliham Dani¢l Pool¢ Craig ChLiII¢ AI¢xLinder Jov¢ic-SLlS lappoini¢J 3 DLY¢ml 20201 n And¢rsun iJppuJniLxi 18 FLbruary ?0211 Mark Rawlinson Ir¢sign¢d 15 D¢c¢mb¢r 20211 Andrca t)owdic Iresigncd 15 Dcccmbcr 20211 Sirueiurt, govtrrbanee mfj#%emoni IV414re Thc charity 1% a company limid by guarantec and rcgisicrcd chariiy. li 1$ 0rated undcr lh¢ rule of its mLmurJnLlum and aniills vf ObSU¢iO1ivn dail 12 LkY¢mb¢r 2012 mosl r¢Y¢nily #m¥nd¢d 12 May 2016. 11 no %hdrL' LJpildl dnd the liability of eaLh memFKr in the eveni of windinbr.up 1% limilL Iv £1. Retruilmenl aPPOi1eIo1rU.I1e ThL Lhdril) idiniiliLS IIIL nLLd for nlw Iruslees. This is due 10 vacancies thai have ariscn through rLsignalions. or il may be thai cxi51ing ITUSlccs hai'¢ decidcd that onc or morc new Iru51ces with 5pccifLC skills aTC nccdcd to help run ¢he ¢hariiy more etTe¢tiv¢ly. ThL Iru%tec8 agrcL w'hat skills, expcriencc and know'led8c are nceded. The senior mana8emeni team ihis dow'n in the r(7mi ora short job dc%cripiion and spccificaiion. The tmstees agre¢ r¢5w>n5ibilitie5 and a prore55 for re¢rnitsnen¢ and en51Jlf that th¢ Charity comply 7th the sp¢¢ifi¢ r¢quir¢m¢nis ¥¢1 Out Ln the its goY¢ming do¢um¢nt. The Inle£S consider the best methods of aiiracilng a dlverse rdn8e of eandidates with the skills the charity nccds. This includcs advcnising in Ihc ILwal andlor spccialisi prcss and using mstcc nctworks. Short-lisling and inlcrvicws iakc placc again51 agrecd CTitCTia. Inlcrvicws arc carricd out by a small paiiel of tru51ccs. and cach iandidat¢ l5 45kd 51milar qu¢5tion5 to ¢n5ur¢ a fair al objrftiv¢ approorh. Not¢s ort kept of each Int¢TVi¢W, Preferred candidgL ies are idenlified and inviied io join the ees. subjeci Lo references, fornial veiting and approval by ihc full tnle¢ board. Page 2
BACKLIT LTD
Trustee5' Report
Objectii'es actiTrities
Objeé'ts aims
To advanLe ¢duLation in ih¢ fields of 'isual. creaiive and applied ans by The establishment and inaintenance of
an art ¥allery
BACKLIT LTD Trustee5' Report Achievernent5 and perforThance Co, The public programtne was l¢tnwJrarily c105¢d throughoui 20?() and the studios u'ere closed in Marcli and ApTiI ut tu th¢ d itnpl¢m¢nldtiun uf a health and safety procedure. Funding frotn etnergeney fund5 from the Cultural Recovery fund and the Heritage funds. suprx)ned additional mca5ure4 to be insialled. Ihi5 includes exwa wall based non-iouch anti-bac dispcnsers and papcr towcl dispcns¢rs. impr(Iving S¢LuriIy L)n sile and a rule for a dedicated Building a[1 Glillery FilLilitdlLIT IL) JnaDage Ihe ortgoirt¥ health of ihe building. Our landlords Notiinuham City Council implemenied a daily clvdner service 10 anii-bae loueh Surfaces witli a fuL4 on Lotnmunul aTLas. This is an unaniicipated cosi of £ISO per wttk 1£6(h) per monthl which is in addition lo IhL profe%%iunul clcuncr who CIC¢5 Backlii. VISUAL ARTS PUBLIC PRO(iRAMME.. DUL to the Cvvid 19 pund¢miL BACKLIT Llo&eil and postponed lis prL)sramminb frLim MarLli- DeL' 2020. Pmgramme Th¥ Il¥riidg¢ Asylum progromm¢ -rhe Heritage Alylum pro¥rumme supported wilh funds from ihe National Lonery TleriidbtL Fund wa4 dev¢lopcd within a di¥i1i& I formal. Communiiy workshops i(K>k place i'la z[1. Ih¢se are led by %oft Estate aTLs collecliwe wilh LoIIugyL TL(ry and wcllbL'ing walkb. Llin RusianLY. who bpraduaicil la51 ycar from finc an NTU. w'urks ab a 5u¢ial carc worker, hav¢ d¢velopcd a PToJ¢rl ¥4'1th him looking ai the in51itutional bchaviour in tLNJay'& ¢aTe qyst¢m ¢ttmpar¢d 10 lh¢ Vi¢iorian Asylum ¢ra. Environment A¥cnLy IEAI ProJeLi'Re8ulaied ExhibLILOn' F3ACKLIT mainlaincd dci'clopmcnt of OUT projccl M'ith Ihc cni'iroiiinciit agcncy and anisl Joshua Sofacr. Alcx Mobb¥s 11i5. a EIAL KLIT studio mctnEa i5 working wilh BALKLIT within a curdlorial aiid projLcl 5uppori rolc, H¢ r¢i¢ntly altcnd¢d Ihc Nottingham Gr¢cn Partn¢rship5 INGPI m¢¢¢ing to showca5C th¢ projcct and ¢n¢()urag¢ involv¢ment. RIMARK IArt Kcvicw PTojccII This projccl wa5 rein51aled ¢nd of Feb 2021. Ongoing dialogue wa5 en5urcd with partneT5 (Uni of Not15. NTU, Art R¢vi¢M' and NorrspoKE. as well a5 participanis) aboui Ihe >s1eMen¢ of the projecl. Further de¢ail 3bvut this will follow. Fqualirj. and Diversity Programmin8 A Black Livcs Mattcr 51alemcni was is5u¢s via cial rn18. we Teceivd tK) negative feedback. We worked on thi5 slatcrnent with trusl¢e5 Andrea and Daniel as wrll a5 Studio and associate wTr¢rniT5. Ja7]. Glen. a studio m¢mbvr took part in a paid plaMei via NTU lo map and Kor Rlack and ¢thni¢ minority Lvmmunily bTruup% and A%¥i%lin¥ with dev¢lopLn¥ a plart iv widen dudienLe%. %ULLe%%ful in reLeivin¥ Arts Council fund% Jn Dec 2020 and eoniinued his research and curaiorial suppon io dee[OP a Black, Asjan and ethnically dii'erse programme iiniil October 2021. He worked with Isob¢l Elslob IA5Slslani PTofe55or. Hi510ry of Art. NTUI Io WOTk ivith a group of ethnically diveT5¢ Stud¢nls to ¢ng¥g¢ wTrth d15CU5sion aiound psentatiOn and baTri¢f5 in ¢h¢ art w'orld. The outCQTn¢ 15 )dca%t% artd wtsrk%h()ps. He expl*)re% whai local diier%e ei)mm4Jnity wiup% ale relevant for BACKLTT ta ertgage with and how that infr&%trnLitsre could be developed. Page 4
BACKLIT LTD Trustee5' Report Ertvirortmenl Agency Project The Environment Agency IEAI supp)rted £6K i0.ardS a research project with BACKLIT io allow anisi Joshua Sotaer io take part it) an organisalional resideney with ihc EA. Arts WTlting Project update.. The partrt¢T%hip W&5 ()n¥inally £3K from NTU, supw)Tt in kjrtd from UON, BACKLIT artd Art Review of which was sent io ACE for fllrtding i'la the Wftters ith Rcsidents IN0tUkcI. The arts counLiI application was successtul in Nqarch 2020 10 proi'ide partnerships 1th Art Review, and both unii'ersities io develop re8ional writers which build an it)frasinlUre of ans criticism in Ihe Easi Midlands. Asylum Project BACKLIT was awarded Iok from the Naiional Lollery HLYitsgc Fund io develop a project thai explores King Ldwards park as the fomier side of the UK'S fiTSI C-ounry asylum. This projeci ini'olves Community Teqearch wilh local groups a5 WCII as anisis, comniissions and workshops for Ihc public. The partncrsliips include National JusiiLc Mw4cum and Univcr%ity of NL)ttingham as well Sneinton Tcnants and Rcsidcnt% A4%(Kiaii(In and w8¢ar¢hLr Dave Sicwart. For ihc IILF furtdcd proj¢¢i ¥xpI()ring ihc firsi ¢ouniy asylum in N()Ilinghainshire, ai King Edwards Park from 1812 will Comm¢¢ mid Janl Fib onwards. W¢ ar¢ workiob> in colldboraiivn iih National JusiiLL Museutn, Uni ol. Noiijngham IGeography departmenii and Dake Siewan Ihisiorianl. We hai'c rccTUitcd an F.nyli%h MRc¥ $llent who is working w'ith I day PCT wcck for 12 wcck% 10 Tc%carch rL)Iklore surroundingr Ihe asylum. W't have also recruilcd 3 vulunieers from Ihe iurrent volunieLr prL)gJramine 10 u%ii%t wilh NscarLh un(1 prc%cnliiliLin. We have sclcLicd 'Suft E¥lalc' to dcvclop and prJuc¢ an artililic rc%pon%e 10 lh¢ pmjcci. An ¢¥hibiiion will b¢ pr¢s¢ni¢d in July 2Q?O. LEARNINCJ PROCIRAMME Art + F¢mini¥m Aft i F¢mini%m ¢oniinu¢d 10 m¢¢1 onlin¢ nM)nihly and r¢n#m¢J Ih¢m%¢lv¢s th¢ Lumina Coll¢¢tii'¢. Th¢ ¥roup exploring the hisinry of psyehiairic ireaimeni ofw4)men and hfftv this has been repre4enied in liieraiure and filin. ThL An + FL'mini%m tiroup WLrL' workinby iowdrds a rcadinb wup for ThL County Alylum ProjLLI howL'vLr ihis has bccn postponed. Pending Colleeiive (Young People's Collectivel Pending Ci)Ileciii'e are continued io meet on a foffnL8hily ba81$ 4)nline. They worked with BACKLIT marketing coordinator io ihink aknui ways in which Ihiy can recruil ncm, memrS. divcrsify ilic group, and reaLh oul 10 new audicnces. Thcy iniliatcd gardcning scssions which werc laier movLui onlinc duc to lockdowm rcsrriclions. Thc group arc using this tirnc lo rnccl virtually. rondiKI rc5rarch into naTural dyc8 and pigimcnts. producc a bTdrdirtinbT Lal¢rtdar, and d¢v¢lop ways (Trf suppvrtin& wpl¢ lo ¢ngaup¢ wilh th¢ allvtiii¢ni in th¢ n•v ycar. The arti%1 work.%hop% will Mume in January an41 we aniiLipaie (hai these will take place online. Thc participants of our young pcoplc s Programme (Pendin8 Collcclivel worked with Ihe on a Crcativc Plac¥making projccl for King Edwwd Park. The wup arc also tsking part in allist-lcd orkshopS with local artists. VoLUrEER I INTERN PROGIL4MME Had to bc placed on hold Ihroughoui Ihc pandcmic. HPJ RECRUITMENT All siarrexLepl sanne and Mail were pui furlough job reieniion scheme from April - July 2020. Page 5
BACKLIT LTD
Trustee5' Report
Director. Deplliy DiTecior and orrite and silldjo toordithaioi remained a 2-dAy week11 day flexible frIoUghl.
The gallery Lind biiilding coordinator role remained a l-day eek. Marketing and Leaming coordinaior
rcturned tully trom turlough in July. SLqtYwerc workillg I day from homc and I day in Ihc otyicc.
-rhe Studio and Office AdminisiraioT5 Tole was splii frorn Tr"ebnry 2021 ihis is now ? days peT week and titled
artisl D¢v¢lopm¢rti Coot(]inaioi. Th¥ BU¢sS FinanLr ()f this Tole was reLruil¢d 1]] mxrlh 2021 fvi 2
days pcr week.
A llew. Gallery aNd Building Faciliiaior role was funded and recrniied in Dec 2020 10 include more health ajid
Safety expertise. A new marketing coordinator was confirmed for 2 days per week.
BOARD
IACKLIT'S SUSLqinabiliry throu8hoiii the pandemie was insirumentsl in support from the board of rrustees who
dLdicaicd extra litne to meci nioThihly lo advisc Ihc direcior and depuiy director on guidance. fundiny aiid
tinunLiuI plunThing. The AGM touk place in MurLh 2020. this Wds online.
RrUitM¢nt
A ITu%iCL SLLr¢tary and Treasur¢r position was recnjiied for and w¢r¢ fornially adopted in the Board of truste¢s.
A satiuuarding lead was aptM>inied and 8ivcn Safe8uaTdin8 training.
Bu.sine%% Plun
Dir¢¢ior. D¢puiy Dirccior and iN$i¢cs mct io disc$$ and rcwork ihc Conicni of th¢ BACKLIT Busincss Plan. A
drnft will then be presented in advanie of ihe Atsm.
STUDIUS
Th¥ MTr A Exhibiiion Continucd 10 rent a large PONion of thc bascin¢ni SttHlios which Losi ovcr £12K amiuin.
Studio %pa¢¢.% w¢r¢ mo%ily mointsin¢d ond a waitin8 1151 1% ongoin¥. Som¢ m¢mb¢TS were unobl¢ to ¢on¢inue
reniinbl their %pace due io the lack of fjnancial security and impaci ofihe pandemic.
Fundid Spi4 ce Programme
Pablo Riibio conlinucd his placement with kind SUprt fTom the donor and thi5 funded period wa5 extended to
align with the impa¢t of ihe pandemi¢.
PRIVATE HIRE
On aTrcrag¥ private hiTe5 are gcncrdling an iTKomc of £2.5KI £3K pcr month and thc dcmand is incrcasing.
Projccls that U5cd thc spacc for hirc includc Dance 4. Noltinghatn City Council Vicliin Carc. 'Ilamilcs5'
vrbpaniuiivn fvr suirid¢ p¥¢n(lon and m¢nthl hcalth awdi¢rtCS5 Itainin Nollinbhdm La1ur Party and Dad
and Confused photo shoot.
FUNDING
BAC'KI.TT applied fo¥ fvnding to support th¢ iTnpact of the Covid 19 pan(kwnic and We 5UCCtssful in funding
rrvm ACE
BACKLIT LTD Trustee5' Report This is itt addition io other ¢mergen¢y fijnds: ACE eme¥g¢thcy grknts £12K +£2K, Heritsge Funds Emergency Grant of £14.7K towards sia(fJng costs. cleaning costs. PPE. archii'e space costs and additional project suppon for the Asylujn projeci. FIACKLIT 15 pleased Ihai li has managed io build re5m.es M'hich fall in line with the Tesern'e5 policy. The DiriLior and D¢puly DIT¢LlOI fthuseJ e¢ured mailh fwiding Inve$tsen1s for pioJe¢ts iu en4ure thai iarbT¢is were mct despiic Ihe challcnges of the pandcmic. Financial Viability In ihi5 financial year 120121 I unTesrricliv¢ resm'es have risen froin £70k to £106k w,hich is sutTicient to coi'eT IhTee m(Inths of operatinB costs as 8CIficd in ihe serve.% w)licy. We have. howetr. de%ignal¢d these fund% towards Costs ol. buyinb, and upy&ding thc fth¢ilili¥S of. Alfr House. w¢ haw¢ ¢xplaiocd Ihis io our An$ Council RLlaiionship Managcr and they feli this was sensibl¢. Re%tricied flind reserl'es have ri.sen from Ll 7k ro L¥¥k and expendi¢ure thai has been held over from pandemic aflected acliviiies will recommence ITh the nexi yvdr. inan¢ial Moni¢oring W¢ ha¢ ¢oniinu¢d working wilh CA Plus Icommunity Ac¢ouniing Plus) io h¢lp with a¢couniancy softwar¢ %upport IQuiLkbooksl and a bookkcyr who has advised on best praeiicc and TCPOrtinb. Wc now hai'e also a -rrca%urer in place on the ljoard 10 &ssisl with financial %ysierns and InDniioTing. Thc rcSCTVCS policy was iniruduLLd during 1912(J whiLh is rcvicwcd and suppurtcd by thL Board IhrL)ughuui 20121. Pvli¢y ott re.Terv¢ Thi8 iq a new financial procedure adive from l 8119 onward%. li wa$ ¢onsidere4 that funds would ¢art io d¥¢iimuldli during 1811Y and th¢rt.ftsri w¢ aim¢xl 10 r¢aih our r¢¥¢rv¢s iJrg¢i in 2 y¢ars' lim¢ by y¢ar ¥nd 20?1. BAC'KI.IT ha% set d tar¥¢i ¢sldbli¥h a JTh)d¢si finan¢ial r¢%¢n'e ¢)f unr¢%tnci¢d fund% equikal¢nt to thr¢¢ monih%' li)tal expenditure. This money will be .*1 aside in order 10 cater for contingencies. Thc iru.41ce% will rTU141r1Y riN'iLw ihc IivLI Lif rcilrvis pan ofihL'ir financc disLussiL)n al board mlxliiigs. ciisuring Ihal LurrLnl financial ¢irrum%tanc¢% and any oihcr r¢lcvani factor5 are lakcn inio accvuni. BAC'KLIT 1% coinmitlcd io ¢ontiniially raising fund8 in order 10 r¢3¢h th¢ tsrg¢i l¢%'¢l of resetvcs. IJACKLI'f$ l1¢Y ot) r¢s¢rn¢s 18 to build unrisiriii¢d funds 10 sUPPVrt 3 months op¢raiin8 ¢QSl$. Page 7
BACKLIT LTD Trustee5' Report Principal risks Mncenailllies LEASES WITII NOTTINGIIAM CITY COUNCIL Nottingham Ciiy CoutLciI INCCI had delayed Ihe rdurn of ihe 1&gses for ihe firsi and second floor in the prtViOLL4 finthLial year. They ha.¢ %Jn¢¢ resded %aying they propose that they ivill )b40rb the ¢o.%L4 on a 50150 basis and ackno[edge their fauli ivithin this process. YCC sllggesied thai iwe pay 500/0 of Backdated rent 1£7,7671 which w&8 paid lor with a bid io cjncrgency fundijig due io thc loss of incomL we expcriLiiccd Irom lh¢ impact of C'ovid. Costs were also supported for cleaning costs hICh were unaniicipaied. The service charBe5 have a150 been increased to 12k per annum for ihe eniire building and we sought legal advi¢c artd r¢qucsiLxl a brcakdo%n io pn)vid¢ cvidcw of wo¢*s io wes¢nt io ihc trus¢$. In April 2020 there were ongoing concerns rdised on the security of tenure in Ilie premises of Alfred Hous¢ follow'ing Lonversaiions wilh the landlord (Nollinghain City Council). As an atTordable artisi studios, public gallcry an(1 comrnunity spacc ihis WDuld rai%¢ con%idcrdblc financial risks to our fururc %ustainability and operuliuns. NCC were di5P(isinB uf pruperty and rJised cvDLern ihal Alfred HL)U5e w'L)uld be wld up Ihe n)aTket. This Pul% BACKLifs tuiur¢ in J¢wpardy so w¢ 'll1 ¢oniinu¢ ¢onv¢rsaiion 10 ¢nsure BACKLIT ian pur¢lia&c. IMPACTUFCUVIt)-19 Alihuu¥h EIAC'KLIT was able to secure funding 10 %iipport I1 impaci a loss of private hirc. studio rcntal. and match lunding duc to thc pandemic. wc arc mirmlful ihai in fuiurc wc will not h4C accc%s lo the%c fuiid% and Iher¢forc wc n¢¢d 10 rebuild irtcome streams in Tclaiion 10 pri¥'ai¢ hire 10 make sure ihai we are susiainabl¢. Page 8
BACKLIT LTD Trustee5' Report StateTNeNt of Trustee5' RespoN5ibilities The inisiees (who are also ihe directors of BACKLIT LTD for the purwses of c4)mpany lawl are responsible for preparing Ihc Irusiees, rep)n and Ihe rJ[t}Cial sialnet)IS iji aceordance wilh Ihc Ut)iied Kiiigdojn Ac£oulltit)g Siandards (United Kingdom (ienerally Accepted Accounting Practice) and applicable law and Tegulations. Company law require5 the tee5 to prepare firbancial stsiernenis for &8ch financial year. Under company law the trusic¢s Tnusl Doi appTOI'¢ lh¢ financial .staiemenL4 unleks they are liried that they gil'e a true and faiT I'iew of IhL 4lat¢ of 4iIfJiT5 uf the LhJnLLbl¢ Lx)rnp4Lny vf ils inLvrning r¢wurLes <U)(I dppliLdti(In uf TLS(IUfLIS. In¢ludirtg ils in¢om¢ and ¢xpcndililW. for that In prcporing fitwicia] sthi¢m¢nts, th¢ truslc¢s are required to.. select suithble aceouniing policies and apply them ¢oAsisienily- obs¢tvc th¢ methS and pnn¢ipl¢s in th¢ Chariii¢s SORP.. mak¢ judg¢m¢nts and esiiJnai¢s that ar¢ rewnabl¢ atHI pwd¢nt', 51411L whLiihLr applicablc UK Aceouniijig Standards have be¢n follow¢d. subject 10 any Inaierial departures di.4clo%ed and Lxplaincd in ihc financial sthicmcnts., and preparL thc fjnancial staiemenis on the going concern basis unl¢ss it is inappropriate to presujne rhal the chariiablc company will coniinuc in bu5ifbCSS. Thc Iru4tcc% urc rL%pun%iblc for kceping 4hdcqu¥ accounting rccLITds that JTC %ufficicnt w lihuw Lind cxplain Ihc charitable comp#ny'% iran.%a¢iion% and di%clo%e wilh Teasonable accuracy ai any iinie the financial posiiitsn of the Lhdritabl¢ Lvmpiiny lind Lnabl¥ Ih¢m iv LnSUTL Ihai ihL finanLial &uicin¢nls LMplY with Illl CvJiipaniLs ALI 2006. Thcy ar¢ dl.%o rc¥pon¥ibl¢ for ¥af¢guarding lh¢ oi¥¢is of Ihc ¢hanthbl¢ ¢umpany and h¢n¢L for tdking rea%onahle %lep% for the Pre.entI(Thn and deieciion of fraud and oiher irregularities. Small ¢ompgnles pro%'l$lon si•t¢ment Thi.4 ripon h414 bLLn prLpaTL(l in aicuTddnc¢ wilh the small companies rcgime urtdcr the Companie5 Act 2006. ThL dnnual rL'port approved by ihc irusiees of charily on I S December 2021 and $i¥ncd on it4 bchalf by.. Ashlcy Qtallani Twsiee Page 9
BACKLIT LTD Independent Examiner's Report to the trustees of BACKLIT LTD Independent tiamlntr'$ report ¢0 iht ITU$itts of BACKLIT LTD ('tbe Company'l I repori 10 the chariry Irusiees on my examination ofihe accounts of the company for Ihe year ended 31 March 2021. Responsibilities And b95is of report As the charity's trusicc5 of ihL company land also its direcwrs for ihe purw>ses of cornpany law) you are restK)n%ible for the preparaiion of the accounrs in accordance with the requirements of the Companies Act ?(K)6 {'Ih¢ 2006 ALI.). Having satisfied myself that the accounrs of the Company are noi required to be audiied under Part 16 of the 2006 Act and are eligible for indLpcndeni examinaiion. I report iii respect of my cyaii)iiiaiion of your cliaTIIy's Lcounls as LiifTicd out under scciion 145 of ihe Chariiies Aci 2011 I'thc 2011 Aci'l. In carrying out my xaminulion I hilic followc(I Ihc dir¢¢tion% giveD by Ibe Chariiy ComJniknioD undcr scction 145151 Ibl uf the ?01 l Aci. Indipindeni ¢i#mln¢r's $i#iemeni SItlLL' IIIL, Cot)iP41ny's IiiLumL Lx¢c¢dcd £250.0 your ¢x2min¢r MU b¢ a m¢mb¢r of a body listed in section 145 ot. the 2UI l Aei. I contim that l am qualified io undertake the examinaiion becausc l arn a mcmbcr and FLllow of the A8sociati(Trn of Charily IrbderKndeni k.xaminers. hICh is one of Ihe listed bodics. I hal LomplLtLd my LxaminaliL)n. l LLinfimi Ihai t) maitL'f5 havL coine lo my aiicntion in cunnLclion wilh the ¥xaminaiion giving ML ¢aus¢ io bili¢i'¥ ihai in any maiLmal rcs]KYi." uLLuuniir)g rLLur4J% werL' nui ith TLI]( vf ihL C(TrJiipany a¥ rcquircd by seltion 386 of the 2Tr)6 ALI,. or 2. IhL aLLoun¢s noi accord wilh those rL¢ord$: or 3. the uLLuunls du nul LL)mply wilh ihe aLlU11¥ requirements of ¥eciiL)n 396 ofihe 2006 ALI oiher ihan aiiy rL'4uiK'mLni thai the oL¢ounis giv¢ a 'Irt #nd f¥irf view whi¢h is t a matt¢r ¢ontsider¢d a¥ part of an ind¢p¢nd¢nt cxaminJiion'. or 4. the uecouni% hav¢ n(Trt bc¢n PTepar¢d in ac¢ordaThc¢ with th¢ and principle4 of the Strdi¢ment of Reci)mmended Practice for acci)uniing and re)rtInb by cliariiieq lapplicable i(Tr chaTiiie% Preparin8 IlieiT aLLounls in aLLUTdaniL wilh thi FiiianLidl RLy)rtjiigp Siaiidard JppliLablL iii ihL UK and RLpubliL of Irllaiid IFRS 10211. I hav¥ LonLcrn5 and havc romc across oihcr tnallcrs in conncclion wilh thc cxamination to whiLli attcniion Should b¢ in Ihi5 rcJx)rt in order to cnablc a propcr und¢rstanding of th¢ a¢¢OUnL lo be rcachcd. John O'Bricn MSC. FCCA. FCIE. crnploycc of Cornmuniry Accouniing Plus F¢llow of ¢h¢ A550rialion of Charity Indq)¢nd¢ni Examin¢t5 UniL$ I & 2 North We81 41 TLglboi Stre Nottingham NGI 50L Date.. 16112r2021 Page 10
BACKLIT LTD Statement of Financial Activities for the Year Ended 31 .Ilarch 2021 (Including Income and Expenditure Account and S¢a¢ement of Total Recognised Gains and Losses) Unre51ricted fuNd5 Rc5¢ricted funds Total 2021 'I'otal 2020 riote lrt¢om¢ *nd Endowment$ from: l)onalions and legacies Ch<irildblL oLliviti¢s Investmcnt incomc 60.785 46.823 60,785 204.577 10.313 220.810 24 157.754 Total income 107.611 157.754 265.365 231.147 Expendilure on: ChaiiiablL aLlJvitiL$ 169,6981 87,7531 1157,4511 1166.9781 T()thl eXndItUre 169,6981 87.753 1166.9781 Ncl inLumc TrJnslirs tween funds 37.913 11.0401 70.IM)I 1,040 107.914 64,169 Nci movcm¢n¢ in funds 36.873 71.041 IU7.914 64.169 R¢¢on¢lllfitlon of funds Total fund% brought forward 69.430 17.683 87.113 22.944 Total funds carried forward 19 106.303 Xli.724 195.027 87.113 All of ihc charity'% a¢iiYili&% dciivc from ¢oniinuing or¢rniions during thc above Thvo p¢ri(Kls. The flind% breakdown for Ihe peTi(Ki is.shown in note 19. Page 11
BACKLIT LTD Statement of Financial Activities for the Year Ended 31 .Ilarch 2021 (Including Income and Expenditure Account and S¢a¢ement of Total Recognised Gains and Losses) These are the figures for thc previo$ accounting period nd arc illcluded for COTnpar4¢ivc purpose5 Unrestricted Restricted 'I'otal funds funds 2020 ote Income Endowments from: rJ(Inali(Ins and l¢gacie Chariiable aciivities Inv¢simcnt incomc 10.313 71.16¥ 24 10.313 220,810 24 149.642 Total income 81.505 149.642 231.147 Expendllure on: C.hJrildblL aLliviliLs 64,3191 1102,6591 1166.97RI Tothl cxpcnditurc 164.3191 1102,6591 1166.97RI Nei income TransfLrs ¢w¢¢n funds 17.186 29.657 46.983 129.657} 64,169 Nci movcmcn¢ in funds 46.843 17,326 64.169 Re¢on¢lllatlon of funds TotsLI fund% br(Trughi foTWdrd 22.587 357 22.944 Total fund5 carricd forward 19 69.430 17,683 87,113 Page 12
BACKLIT LTD (Registration number: 08329205) Balance Sheet as at 31 March 2021 21121 2020 Flxed ssets TallgyiblL assLIS 14 32,196 34.147 Current Asstts Dcbtors Ca4h at bank and in hand 15 16 16,658 155.945 18,718 46.987 172,61)3 65.705 Credltors.. Amounts falllng due withln one !'ear 17 9,7721 112.7.191 ct currenl asset5 16? R31 52.41>6 Nct a55et5 195.027 87,113 Funds ofthe charlty: Restricted ineome funds Re%lriLlcd liind% 19 8¥.724 17,683 Unrestrlcted Incorne fund5 UnrLslriLt¥LI tunds 106.303 69.410 Total funds 19 195.027 For Ihc financiLI year endin8 31 Mareh 2021 the chariry was ¢ntitl¢d to excmpiion from audit und¢T section 477 of the Cnmpanies Act •006 relaiin8 10.small companies. r)ire¢ior8' re%nSIbilitieS.. ThL mLmbLT5 havL not rcqulrcd Ihc charily lo obiain an audit of its accounts for (he ycar in qucslion in aLLordanLc with 5CCtion 476. and 1.hc dir¥ctor¥ acknowlcdgc ihcir rcsw)nsibililics for complying with thc rCqu1mCnts of thc Arl wi1 rcspcct to Hrcounting r¢¢ord5 and the preparation of attounts. Thcse accoun15 have b¢¢n prepared in accordance with the provisions applicable to companie5 5ubj¢ct ro the sm411 ¢ompani¢s r¢gim¢. Thc financial 5tal¢mcnts on pages I I to 24 were appTov¢d by the tru51tts. and authorised for 15sue on I S Dccember 2021 and signed otl their behalfby.. Susan Andersotj Trusiee Page 13
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 l Aecounting polities ummary of $lgnlfie&ni xe¢ountlng poll¢les affjd kei. #¢¢outstlffjg e$ilm#tes The principal acLouniing wlicie5 applied in ihe prepaTaiion of ihese financial 51aleTDents are sel out bclow. Th¢%e puliLi¢S hJv¢ been Lvns14t¢ntly applied to all the y¢ar4 prenteil. unle>% Othenvi%e stated. Statement of compliance ThL IijiiqllLial siaiLinLliiS have been prepared in accordance wilh Accounting and Reporting by Charilies.. Staicmenl ot Recommcndcd Praciicc applicable 10 chariiics preparing ihcir accounis in accordancc witli Ihe Financial Re)}ng Siandard applicable in ihe UK ar Republic of Ireland IFRS 1021 leffectiwe l January 20151- 1("h¢lTilie5 SORP IFRS 10?11. Ihe FinanLi411 Rewnin¥ Siandaid iippIiLdble in the UK and RepubliL of IrL.1 IFRS 1021. ThLy also comply with the Companies Aci 21M)6 and ChJn'¢ies A¢1 2011. B Y4515 of prL'PY4rAtlon IIAC'KI.I'I' L'I'D me615 the dLfiniiion of a public Theri1 ciiiiiy under FRS 102. Asscis and liabiliiics arc iiiiiially rLLogni.4Ld al hisiuriLal Losi ur IrJnsllLiion valuc wilcss oihcnvisc Sta in ihc relcvant aLLouniin¥ poliLy nutcs. roln% eon¢¢rn The linanLial siaiements have been prepaTed on a ¥oin% LnCern basis. The Iru%te¢% &¥%¢%% w'hcih¢r thc us¢ of goin8 ¢on¢¢rn is uppropnai¢ i.¢. whdh¢r ih¢r¢ ar¢ Sny n)at¢riJl unLertlinIiets reldled lo even15 4>r Londiiions Ihai may Lasi si¥nifiLani doubi on Ilie abiliiy of Ihe Lharily 10 Lonlinul bTLiillg? LL)nLcrn. Thc ITu%iCCN rnakc this asscx5nTrr in rcspcct of o pcriod of unc ycar fron) Ihc diile of approval of ihc firvdncial 5th1emcftts. Exemptlon from prepArlng * cash floTh st8ttment Th¢ ihdrity opi¢d tv ttdopt Bull¢iin I publish¢d on 2 F¢bnw 2016 and hav¢ th¢r¢for¢ not In¢lud¢d o ¢#sh flow 51alcmcnt in thLbL financial staiLmcnts. Income #nd endowmtnts Voluniary incotnc including donations, gifts. Icgacics and grants Ilial providc corc funding or arc of a gcncral ature 15 T¢rogni5ed when the charity hw5 enliil¢menl lo the income. it is probable that the incoime will be received and th¢ amouni can b¢ m¢&¥ur¢d with SU1¢1¢1 reliabiliiy. Don41ion5 and leKAcies Donations arc Tccognised whcn Ihc chariiy has Fen noiifjcd in wriiin8 of boih (he amouni and seiilcmcni dale. In Ihc Lvclll thai a dotjation is subjccl to conditions ihai rcquire a Icvcl of pcrforniancc by ihc chariiy bcforc Ihc charity i5 eniitled to the fund5. Ihc income is d£fcrred and nol rccogni5cd unlil eithcr ihosc condirion5 arc fully met. or the fulfilrnent of ¢h05e condition5 15 ollY within the control of the chaTity and it IS PTobable ihat these Lundiiiuns will be fulfilled in th¢ rewrtirt¥ peri1. Gran15 receivable Grants are recognised when the charity has an enLiilemenL io the fimds and any conditions linked to the grants havc bccn mcl. Where pcrforn)ance condiiions are aithchcd 10 Ihc grallt al are Jci 10 be mel, the incomc is recognis¢d a5 a liability and Included on the balanc¢ Sheet a5 d¢f¢Tred io be r¢l¢ased. Page 14
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 DeferrediNcome Defcrred inLomc represenis amounts recetved for fimire riOdS and is released io incomtng resources in rhe period for Tr'hich. it has been receii'ed. Such income is only deferred then.. - The donor spe¢ifJe.% that the gr4ni 01 donation must only be in fUre a¢¢OWl¢ing peTi(Xts," or The donor has imposed conditions which musi be mei before the chariry has llnconditional eniiilemeni. F.xpendlture All Lxpendiiure is recognised once there is a legal or consinKiii'e obligation io thai expendiiure. it is probable 5Cttlerncnl is rcquired and ihe amount can be measured reliably. All costs arc allocaicd to the applicable exp¢nditur¢ hedding that ag¥r¢gale similar costs 10 Ihal caiegury. Where costs LannLiI be direLily allTibulc(l io particular hcadings Ih¢y hav¥ bc¢rt all)1¢ bJsis Consis[L1 with ihc us¢ of rcsour¢cs, wilh Ccniral cosis allocated on th¢ b&sis of ilme sp¢ni, and depre¢iaiion charg¢s alla[¢d on Ih¢ portion of lh¢ ass¢t's us¢. oihcr suppori costs arc allocaied based on Ihe sprL'ad ofsiatTcosis. Charilable Acrfvilie. Charilahlc expenditure cornprise4 iho eth%Ls incurred by the Charity in the delivery of IL% activities and %ervice.% IUT il% bL'nLliLiariLs. 1¢ includ¥4 boih L1.% thai can bc allad dir¢¢ily SULh aLlivilic and ihu%L Lu%1% ut-an indir¢¢i naiurc ne¢c4sary io supp(prt Ihcm. GoTrernment kirants (iOVL'nllllLtil b7ratils drL' rccognised b&sed on Ihe accrual nmmlel and are Mere al the fair value uf ihe assei receiLd or recci%.7bIl. CirdniN urc cl&sifie41 as Tcluiinbv cither io r'enue or 10 CjTulli% rclaiiny to rei'cnuc are recoBnised in income over the period in which Ihe Telaied Costs are re¢1ed. GranLs relaiing li) a$4e15 are rLLv¥ni¥¥d OVLT thi Lxpcri¢d u&¢ful life of Ihc os¥¢1. Wh¢rc part ofo bryJni rclaling Iv abSLt is (JilitrLxl, il is ¢ogniscd as (kferr¢d in¢ome. TaxAtlon ThL lhlf11Y 1.% LollsidL'rLxi 10 pas's IIK. les15 oul in Parag7raph I SLhLdulL 6 of Ihc FinanLL ALI 2010 and IhLrLforn il miris ihc diflnilion of a chariiablc company for UK corporation Mx pury>oscs. Accordingly, the charity 1% po¢en¢ially ¢x¢mp¢ from taxation in re5p¢cI of income or ¢apilal gains receii'ed wi¢liin categoTI¢S ovcrcd by Chaptcr 3 Parn I l of ihc Cotpotalion Tax Act 2010 or kniion 256 of the Taxation of Charg¢able Gain¥ A¢1 1992, 10 the exi¢ni that 5u¢h in¢(Trm¢ or gain5 3r¢ applied ¢x¢lusiv¢ly to ¢haritabl¢ purpvs¢%. Tangible fixed as5et5 Itjdividudl lixLd asscls costing £5.00 or more are iniiially recorded al cost. less any subsequeni accumulaled dcprcciation and subscqucnl accumulaicd impairnjcni Ios5CS. Amortlsatlon Amvrlisdtiiin ib prvvid¢d on irtiangibl¢ fix¢d asb¢ts $0 &5 to write ofythe rost, le any ¢5timaied 5]dUal valu¢, oi'er their expected useful economic lile as follows.. Asset class Digital asscts AThorti58tion method and rate 2/0 on cost Depreciation and amorti5ation Dcprccialiot) is provided on langiblc fixcd asscts so as 10 NTitc thc cost or valuaiion, less any cstimatcd residual N'alue, over their expecied us¢ful economic life a5 follow5.. Page 15
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 Asset class FixiurLS & fillings Depreciation method and rate ?OO/u rcducing balance strdighi line over the ren)aining time of the lease 25/D r¢ilucing balance Leasehold improvemenrs OtTice equipment Trade debtors Trade debii)r% are amourtts due from ¢met& for merchandise sold or sernices perfomied in Ihe ordinary Coursc Ot'businl. Trade debtors are recognised initially ai ihe irdThsaciion price. They are subsequently measured ai arnortised cost using the etTeciive inleresi meiho(L less provision for iinpairnieni. A provisioii for Ihe iinpairnieni of trade dcbtur4 1% c4iabli.%hcd when ihcrc is objcclive ei'idcnce ihai the charity Mqll not bc ablc to collcct all uinounl% due According to rhe original iem)s of the receivabl¢& Cash and cash equll'xlents C'ash an(1 ca%h LNUlI'alLni% comprise cash on harml and call dcposits. and oiher short-iem highly liquid invesimenl.% Ihai are readily convertible a known amouni of Cash ar are subject to an insignificant risk of LhungyL in value. -rr*de Lrediti)r5 Tr£id¢ ir¢diti)r8 ar¢ ohligaiinn8 10 pay for gmds or Servic thai h8ir been a¢quir¢d in th¢ ordin8ry ¢OUT$¢ of businLiS fr()m supplilrs. AL¢tsunis paydbli ar¢ ilassifJ¢yl as iurrini liabilJii1s if lh¢ ¢hariiy Jo¢¥ n(>1 hail an unLundilional ribrhi, ai the cn41 of ihL reportin8 peri1. 10 dcfLY 4eiilLyllLt uf ihc crL)(0T tor ai iwLlI'e month% aftcr the Teportin¥ dalc. Ir Iherc is an iincondiiional ri¥hi 10 dcfcr sciilcmcnt for ai Ica41 Iwcl%'c mnnihs aft¥r Ihc rcwriin¥ dalL. thcy arc prcntcd as non-currcnl liabililics. Trad¢ creditors are r¢¢o8ni8cd iniiially ai th¢ transa¢tion pric¢ and subs¢qu¢nily Mellred at amortis¢d ¢osi u>in¥ IhL' irr¥KIIvL LlliLrn¥I mlthl. Fund Structure Unrcsirictcd income funds arc gencral funib thai arc availablc for usc at thc tnjstecs, discrction in furthcrancc of Ihc objuctlkcs ofihc charily. Re5tricl¢d income fund5 are those grant5 for use in a particular area or for slf7¢ PUryK>5es. the use of which 15 resiricl¢d lo that area or purpos¢. Pen5iOllS Y4nd other p05t relirernenf obli%alions The Lhariiy operLlte% a defined Loniribuiion pension heme for employees. The assets of ihe seheme are held sLparniLI)' Irom IhosL Ot'ihL iharii). Pl10 ctssls ehar8cs in the Sialemetti of Financial Aciiviiics reprcscnt ihc contributions payable by the chaTity during the year. Page 16
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 2 Income from donations Itycie5 Utyrtsirlded funds Total 2021 Tolal 2020 General Donations and legacies.. Dvnaiiun4 ITUrn LumpaDies, trusts ar)d similar proceeds Granis, including capital grnnts- Govemment grants 17.340 17.340 3,3YO 43.445 {.785 60.785 3 Income from charltable actlvltie5 Unreslrieted fund5 Resirlcitd funds Toill 2021 Toi#l 2(b21 G¢neral CRTants & donations Rent & sliidio hire UihLr inLvmc P#rtnLr inLomc Evinl¥ & %ub¥¢riptJons Insurdncc claim 151.214 45,358 310 (1.540 149.fi42 68.4XX 45 45,358 310 6.540 1.155 1.72¥ 907 46.823 157.754 204,577 220.810 4 Cyrants & donatlons Unre%irlclod lunds Ro%lrltttd funds TolAI Arts Qouncil Th¢ Atchiterturdl Heritage Fund Ndtii)nal Lvttery H¢T]tage Fun Noitingham Ciry Council IIMRCJRS Sundry donations 14.980 131,330 5.184 14.700 146,31 14.7(X) 31.827 31.827 2.360 2..I6 60.785 151,214 211,999 Page 17
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 5 Ins'estment income Utyrtsirlded funds Total 2021 Tolal 2020 General Interest receivable and similar income. Int¢re4t rtLe1#b1e un bank dep(Isil% 24 6 F.xpendlture on charltable ictlvitles Lnreytricl¢d Cpener#l Restrlcied fund$ Tot41 2021 2020 Exhibition & ¢v¢ni Cosis Arti%1 tL*S Prcmi.4cs custs Communieulion costs Trnvel Accountancy C'on%uliancy Llunk ihur¥Ls Sun(lry D¢pr¢iJaiion In%urdllLL Adv¥rti%ing Legal & prnfcssional fces OffiLe equipment. expenses & sthiionery Pdyroll fees Subscriptions s4laric5, Nl & pcnsion Fr¢¢lani¢ & work pla¢ements Trainin8 Lcarning & participation Promotion Work5hop5 742 5.049 5.791 7.244 10.692 40,8341 1,011 72 .1139 8,315 199 46,225 1.244 20 6,457 52.682 1.395 20 1.207 2,452 154 172 1.951 2.335 49 4.584 754 824 734 78.207 4.035 105 198 1,394 1.058 154 78 1.951 2.335 49 5,19(J 1,968 X.17 4.584 240 514 824 677 11.74) 1.050 10 2,238 857 298 74.920 5,882 335 540 364 2,57fi 57 66.465 2.985 95 69.698 87.753 157,451 166,978 7 Net Antonjlngloutgolng resourte5 Net itlcoming resource5 for the year include= 21121 2020 Depreciation of fixed assets 1.951 5.190 Page 18
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 8 Trllstees remuntrAtion 9nd espenses No iruslLcs, llor atiy pLrsons conncLicd with them. have received any remuneration from ihc eharity during Ihe year. No trustees have received any reimbursed ex[nseS or any other benefirs from the chariry during the year. 9 Fees payable to independent examiner During the peiii)d. the fees pa)'ahle le.x¢luding VAT) the ¢hatity'S independe0¢ examir)er are analysed a$ follows.. 21121 2021 Ind¢pend¢ni examinaiiot) Oiher financial service5 850 l.R97 850 1.684 2.747 The #ggrcg#i¢ payroll ¢osts wcr¢ as follows.. 2021 2020 staff c05t5 durln% the ye*r were: Wage% and %alarie% SoLial %eLLiriiy ci)qts Pension Lost5 77.289 73.516 375 l.(J2 918 7¥.?V7 74.920 The mnnthly ai'¢rage nvmber of pery)ns lin¢luding senior management team) employed by the ¢harity during th¢ y¥ar was fvllows.. 2021 20211 Avcragc numbcr of cmployce5 41202Q- 51 vf the atr¥¢ ¢mplvye¢s parti¢ipai¢d in th¢ Defined Cotttribuiion P¢n¥ivn S¢hemes. ConlTLbution5 to the ernploy¢¢ 510 %hanes for the year tothlled £91812020- £1.0291. No employee receivd tmoluments of more than £trt),(KM) during ihe year. The total employee benefits ofthe key management wsonnel of the chariiy were £33,54712020- £35,850). Page 19
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 I l Taxatlon Thc chariiy is a registered charity and is therefore exempi from Lgxation. 12 Charity status The Lharily i_4 a ¢tsTnpany litnit¥d by guarantee and ¢onsequenily does ntst have %hare capital. Each of the Irustees Is liable io Lonlnbute ath amouni ex¢eedJn¥ £1 14)wards the assets of the chaTily in the event of liquidation. 13 IntanEible fixed gSS¢ts Digit81 a5sels Total Cos¢ At l April 2020 At 31 March 2021 14.955 14.955 14.955 14.955 Amortls9tlon At l April 21120 14.955 14.955 At 31 Marih 2021 14.955 14.955 Net book value At 31 March 2021 At 31 March 2020 14 Tinglbl¢ f]x¢d assets Flxtures ritlin%5 C)fflce equipment Lease Improiement5 Tol%1 Cost At l April 2U20 3.9 3.401 33.S69 41.119 At 31 March 2021 3.849 3.401 33,809 Depreclallon At l April 2U20 Charge loi the yfar 2.991 172 2.441 240 1,540 1.539 6,972 1,951 At 31 MaTrh 2021 3,163 2,681 8,923 Net book value At 31 MaTch 2021 686 720 30,790 32,196 At 31 MaTch 2020 858 960 32.329 34,147 Page 20
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 15 Debtors 2&21 202 Trade debtors Prepayments Other debiL)TS 1,745 4,234 10,679 1.953 1,585 15.180 16,658 18.71¥ 16 Cgsh And Cash equA%'aleDts 21121 2020 Cash on hand Cu%h ul bdnk ?40 155.705 239 46,74X 1 $5,945 46.9%7 17 Crtdltors.. grnounts fAllln2 due w"Ilhln •n¢ i¢*r 2021 2020 Trnde Lrediiur% Oihcr XtIOn and social 5ccuriIy Other ¢rcdiiors A¢¢wal$ J)efeTred income 1.692 l.R39 1.577 (?.492 Y.772 18 Obll%atlons under lex5es and hlre purchase conlracls OpL'rxtln# IL'yse Lomrnltml'nts Total future minimum l¢ab¢ paJThents und¢r non-¢atK¢llabl¢ op¢rating l¢as¢s are a% fn1ln$= 2021 2020 Land and buildings Within one year Beiween one and fjve years Aftcr fivc ycars 16.500 51,()00 153.450 16,5(X) 58,8(K) 162,750 221,550 238,050 Page21
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 19 Funds Balance al I April 2020 Incoming resources Re50urees expended 31 f41arch 21121 Transfer5 Unrestricted funds Gertérol G¢ner<il fund 69,430 107.611 {69.6981 11.0401 106,303 Rc5tricted funds ATIS C()uniil 76.380 5.184 54.950 (57.2091 15.1841 12.8091 11.2751 13.11361 115.7401 AHF Culiiiral RLLOVLry Fund Pl Pending C'iillcLlive ThL A4ylum PTvjeLI HLF ImLYgcncy Ja77 Swali Equality & InLIusion 7.923 .7(rf) 6,64X 5.Y24 14.71K) 1.040 6.540 {1.7(Kll 4.X40 Tot81 re5trlcled funds 17.6113 157.754 1x7.7531 1.040 88.724 Total fund5 87.113 265.365 157.4511 195.027 Thc Iran8fcT from thc Cicncral fund to ihe HLF Emcr8cncy fund is io covcr thc dcficit on this activity. Thc Slf1¢ purpos¢5 for which lh¢ funth are to b¢ oppli¢d are as follows.. Arl% CounLiI - the main fuLU% of Ihi.s projeLI 1% lo develop ihe ani.%iiC an41 learning pn)grnmme iu collJbordie with highly repulablc and influcrblial artists. M'ith an inlcniion to prol'idc opportuniiic5 for CTOS5 OrkIng with local artis15 artd communitie5 wilh a r¢laled theme: thi5 enabled u5 to explore Il)c location and therefore rclrvancr lo l(Kal audicnrc5. In OTdcr lo achicv¢ ihi5. wc idrniificd a numbcr of arca5 wc wanicd lo furtlicr %upport, r¢%¢arch, monitor and dthelop. Ihis in¢lud¢d oThg dnd prof¢s5ionally supporting the studio dnd associate artLSIS. Teview'in8 and seeuring staff roles and resrM)nsibiliiio%. m2ppin& recording and archii'in8 8(x)d pracliLL. Pending Colleclii'¢- to support workshops and programming. Th¢ A5ylutn PTOjCft- lo ¢xploT¢ heritage 1¢5¢arch M"iih community and local artists. AHF - Ivwdrds PTUj¢¢t Viability R¢pvrt Ipr¢-a¢qu1511Jort 5Utv¢y and r¢port¥ by ARC bvildin¥ ronbultanLs. HEB 10 llndL•rtake a valuation and lor projeci lupport and towanl% %thfTsllpport io lead ihi% JTrn)jecil. Cultural Rccovcry Fund Pl & HLF Emcr8eney- funding io suppon ihc impact of the Cold 19 pandcmic. Jazz Swali Iqiialily & Inclusioij Jazz Sm'all was recruilcd as a Equaliiy and Div¥rsiiy Coordinator in January 2020. The Big Hou5¢ CDI gtanl, through the Univ¢T5ity. provided 200/0 grdnr funding Towards ihe cost of BACKLIT emplnyirtg a gTaduaie foT Ilp to on¢ year. Page 22
BACKLIT LTD Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021 These re ihe figure$ ftsr ihe preYSou$ #tcounilng perlod #tsd #re In¢luded for compartlve PUTPO$¢$ Balance at 31 M#r¢h 2020 BJ)lan¢¢ ai I April 2019 Resthurcts expended resources Transfer5 Unrestrleted fund$ General GenLral fund 22.587 81.505 {64.3191 29.657 69.430 R¢stri¢i¢d funds Arib Couniil ChurLh Urban Fund INeaT Ncighboursl UK Yniing Artists lealing sy51ertVLF.t) lightlTh8 IN2EGI HLdiing $ygicnvLED lighting IFoyl¢ Fourtdaiionl EnvironmLni Agency Pendingr C'ollective ThL AsyILin) ProjLYl Exn¥gLrai¢ Everything 77.9 {79.2901 1.3(M) 357 15761 13.6221 219 137111 12.1x12 1651 20.0 11 ¥.6491 08 14.ObXI 12.0771 12401 110.7841 10.O(M) 10.IMMI 10.750 7.923 9,760 34 Toi#l resirleitd furtds 357 149,642 102 6591 29.657 17,6X.I Totfil fynd$ 231.147 166.9711 87,113 Page 23
BACKLIT LTD
Notes to the Financial Statemellt5 for the Year Ended 31 Trlarch 2021
20 Analysls of net Assets between funds
Unr¢stricied
funds
Restricted
funds
2021
Tolal fund5
General
T<ingibl¢ fiK¢(l