This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-03-31-accounts

Trustees:	Eoghan White	Chairman	Resigned	31&March 2021	31&March 2021
	James Willington	Treasurer	Appointed	29&January 2020
	Rachel Simkin	Secretary	Resigned	23~November	2020
	Dr Emma Whicher
	DrFaisil Sethi
	Elizabeth Neilson		Appointed	12&December	2020
	Angela Samata		Appointed	4th December	2020
	Tom Ewing		Appointed	4&December	2020
	Amie Corry		Appointed	4&December	2020
Chief Executive:	Tim A Shaw
Director:	Niamh White

			Unrestricted	Re-		Unre-	Restric-
			funds	stric-	Total	stricted	ted	Total
				ted	funds	funds	funds	funds
				funds	2021			2020
		Notes
Income from:
Donations, grants		1	119,139	246,10	365,241	87,954	239,39	327,352
and legacies				2			8
Charitable activit-		2		66450	66,250		65,094	65,094
ies
Other trading activ-		3	194,721		194,721		10,978	95,696
ities						84,718
Other income			40,371		40/71
government grants
Total income			354,231	31285	666,583	172,67	315,47	488,142
				2		2	0
Expenditure on:
Raising funds			39,722	38,938	78,660	39,855	1,137	40,992
Charitable activit-			71,537	224,86	296/99	36,680	360,96	397,643
ies				2			3
Total expenditure		4	111,259	263,80	375,059	76,535	362,10	438,635
				0			0
Net income			242,972	48,552	291,524	96,137	(46,630	49,507
							)
Transfer between			(217,925)	217,92		(52,953	52,953
funds				5		)
Net movement	in	7	25,047	266,47	291,524	43,184	6,323	49,507
funds				7
Reconciliation of
funds
Funds balances			105,286	84,970	190456	62,102	78,647	140,749
brought forward at
31Mar 2020
Fund balances			130,333	351,44	481,780	105,28	84,970	190,256
carried forward				7		6
at31March 2021

					2021	2021	2020	2020
				Notes
Fixed assets						16,068		17,902
Tangible assets
Current assets
Debtors				10	81/53		42,261
Cash atbank and	in hand				412,149		175,544
					493,502		217,805
Current liabilities
Creditors: Amounts		due	in less than	11	(27,790)		(45,451)
one year
Net current assets						465,712		172,354
Total net assets						481,780		190,256
The funds ofthe	charity:
Restricted funds						351,447		84,970
Unrestricted funds
Designated Funds								40,368
General Funds						130833		64,918
						130833		105,286
Total funds				12		481,780		190+56
Approved by the Trustees on			.. "...".....ly 2022
Signed on their behalf by the			Treasurer
Charity Registration	Number:		1168101

HOSPITAL ROOMS STATEMENT OFCASH FLOWS YEARENDED 31MARCH 2021
		2021	2020
	Notes
Cash flows from operating activities:
Net cash provided by operating activities	A	237,583	5,076
Cash flows from investing activities:
Purchase oftangible fixed assets		(978)
Net cash provided by investing activities		(978)
Change in cash and cash equivalents in the year		236,605	5,076
Cash and cash equivalents at31March 2020	B	175,544	170,468
Cash and cash equivalents at31March 2021	B	412,149	175,544
Notes to the statement ofcash flows for the year to31March 2021

				2021	2020
Net movement in funds (as per			the statement offinancial activities)	291,524	49,507
Adjustments	for:
Depreciation	charge			2,812	2,751
(increase) in	debtors			(39,092)	(12,713)
Decrease in	creditors			(18,639)	(34,469)
Net cash provided		by operating	activities	236,605	5,076
Analysis ofcash and cash		equivalents
				2021	2020
Cash atbank	and in	hand		412,149	175,544
Total cash and cash equivalents:				412,149	175,544

			Unre-	Restric-	2021	Unre-	Restric-	2020
			stric-	ted		stricted	ted
			ted
				funds	funds
Donations			113,95	78,938	192,890	71,608	47,944	119,552
			2
In Kind	donations	(note		1+00	1400	15,600	59,700	75,300
4)
Grants received			5,187	165,864	171,051	746	131,754	132,500
Donated	Artwork	(note
9)
Total			119,13	246,102	365,241	87,954	239,398	327,352
			9

		Unre-	Restric-	2021	Unre-	Restric-	2020
		stricted	ted		stricted	ted
		funds	funds		funds	funds	funds
Project contributions	&om
NHS Hospitals			46,250	46,250		47,650	47,650
Project contributions	&om
Norwich University	ofthe		20,000	20,000		17,444	17,444
Arts
Total			66450	66,250		65,094	65,094

		Unre-	Restric-	2021	Unre-	Restric-	2020
		stricted	ted		stricted	ted
		funds	funds	funds
Hauser and Wirth	Annual	72,083		72,083	73,397
Auction							73,397
20x20 cm sales					4,850		4,850
Editions sales		4,208		4/08	4,033		4,033
Other merchandise	sales	118,430		118,430	2,438		2,438
Film Commission						10,978	10,978
Total		194,721		194,721	84,718	10,978	95,696

TOTAL EXPEN	DI	TU	RE
				Unre-	Re-	2021	Unre-	Restric-	2020
				stricted	stric-	funds	stricted	ted	funds
				funds	ted		funds	funds
					funds
Raising funds
Merchandise purchases,		Pro-
fessional fees, Grant	Writing			39,722	38,938	78,660	36,146	1,137	37,283
and other fundraising	cost
Staffcost (note 6)							3,709		3,709
Costs directly allocated		to
activities
Artists commissions					36,752	36,752		245,469	245,469
StafFcost (note 6)				3,463	104440	107,703		14,826	14,826
Artwork creation and installa-					5,804	5,804		19,609	19,609
tion
Transportation				45	802	847		27,864	27,864
Exhibitions, art workshops			and	6	38,062	38,068		25,027	25,027
live events
Other direct costs				209	3,081	3,290		3,043	3,043
Support costs allocated		to
activities
Staffcost (note 6)				57,050	896	57846	2,293	3,798	6,091
Depreciation				2,812		2,812	2,751		2,751
Accountancy fees				8,178	2,250	10,428	13,799	2,651	16,450
Governance costs (note		5)		900		900	1,800		1,800
Office rent				13,822	5,644	19,466	10,134	10,134	20,268
Other support expenditure				(14,948)	27/31	12/83	5,903	8,542	14,445
Total				111459	263,800	375,059	76,535	362,100	438,635

		Unre-	Restric-	2021	Unre-	Restric-	2020
		stric-	ted		stricted	ted
		ted
		funds	funds	funds
Independent	Examiner	900		900	1,800		1,800
fee
Total		900		900	1,800		1,800

	2021	2020
Salaries	162,036	24,058
Social security costs
Pension contributions	3613	568
	166649	24 626

				2021	2020
Depreciation				2,812	2,751
Staffcosts (note 6)				165,649	24,626
Independent	Examiner's	remuneration	—current year	900	900
Independent	Examiner's	remuneration	—prior year		900

TANGIBLE FIXEDASSETS
	Artwork	Computer	Total
		equipment	2021
Cost
On 1April 2020	26,000	604	26,604
Additions		978	978
At 31March 2021	26,000	1,582	27,582
Depreciation
On 1April 2020	8,400	302	8,702
Charge for the year	2,600	212	2,812
At31March 2021	11,000	514	11,514
Net book values:
At31March 2021	15,000	1,068	16,068
At 31March 2020	17,600	302	17,902
jectivess.

DEBTORS
		2021	2020
Aged debtors		57,129	18,944
Prepayments	and other debtors	23,844	23,317
Other debtors		380	0
		81/53	42,261

CREDlTORS: AMOUNTS DUE IN LESSTHAN ON	E YEAR
	2021	2020
Expense creditors and accruals	2,404	2,209
Social security and pension liability	3/57	1,575
Deferred income	17,847	41,667
Other creditors	4,182
	27,790	45,451

			At			Transfers	At
		1April				between	31March
		2020		Income	Expenditure	funds	2021
Restricted funds
Rosewood			845		(1,057)	212
Greenfields		3,159			(2,846)		313
Bethlem MBU			509	40,000	(1,854)		38,655
West Kent	Rehab	4,383					4@83
Centre
Garfield Weston				25,000	(25,000)
Core Funding
Askew Ward		11,912		7,500	(11,915)	10,650	18,146
Bevan Ward		16,773			(1,657)	10,650	25,767
Titan Ward		18,041			(3,316)	10,650	25/75
Northside Unit		29,348		13,806	(21,120)	8,418	30,451
ACE Cultural	Re-			75,330	(80,689)		(5/59)
covery
Bluebird House				1,300	(1,148)		152
Digital Art School				78,897	(94,001)	80,000	64,896
Make for Tomorrow				16,000	(17,346)	1,346
N orth side	Work-			32,500		15,000	47,500
shop
				20,000	(1,832)	18,000	36,168
Springfield Hospital
				2,000		63,000	65,000
Torbay Hospital
Total restricted
funds		84,970		312,333	(263,781)	217,925	351,447
Unrestricted	funds	105,286		313,879	(70,907)	(217,925)	130,333
Total funds		190,256		626,212	(334,688)		481,780

ANALYSIS OFNETASSETSBET	WEEN~S
		31March 2021
	Unrestricted	Restricted
	funds	funds	Total
Tangible fixed assets	16,068		16,068
Net current assets	114,265	351,447	465,712
	130,333	351,447	481,780

		31March 2020
	Unrestricted	Restricted
	funds	funds	Total
Tangible fixed assets	17,902		17,902
Net current assets	87,384	84,970	173,354
	105,286	84,970	190,256