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|f r<br>Y ar Eaded31|reh|2021|||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.21|31.3.20|
||||||Unrestricted|Resnicted|Total|Total|
||||||fund|funds|funds|Rods|
|||||Notes||f.|I|f.|
|INCOME ~DENDOWMENTS|||FROM||||||
|Donations<br>and legacies|||||23,819|22,008|45,827|1,256,802|
|Charitable<br>activities|||||||||
|Studio ientals and sales <br>the Mill and its environs|together|with|the upkeep of||113,156||113,156|136,487|
|Investment<br>income|||||||||
|Total|||||136,979|22,008|158,987|1,393,299|
|EXPENDITURE ON|||||||||
|Charitable<br>activities|||||||||
|Studio rentals and sales <br>\he Mill snd its environs|together|with|the upkeep of||96,114|7,989|104,103|124,552|
|NET INCOME|||||40,865|14,019|54,884|1,268,747|
|Transfers<br>betweea feeds||||15|(518)|518|||
|Net movenient<br>in fuads|||||40,347|14,537|54,884|1,268,747|
|RECONCILIATION|OF' FUNDS||||||||
|Tots) fuads brought<br>forward|||||1,308,848|6,801|1,315,649|46,902|
|TOTAL FUNDS CARRIED FORWARD|||||1,349,195|21,338|1,370,533|1,315,649|





## 

|||||||||31.3.21||31.3,20|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestncted|Restricted|Total||Total|
|||||||fund|funds|funds||funds|
||||||Notes|f||f,||I|
|FIXEDASSETS|||||||||||
|Tangible<br>assets|||||10|1,313,671||1,313,671|1,315,548||
|CURRENT ASSETS|||||||||||
|Debtors||||||9,141||9,141||11,006|
|Cash at bank and|in|hand||||57,325|21,338|78,663||29,967|
|||||||66,466|21,338|87,804||40,973|
|CREDITORS|||||||||||
|Amounts<br>falling|due within one year||||12|(12,716)||(12,716)||(10,872)|
|NET CURRENT|ASSETS|||||53,750|21,338|75,088||30,101|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||||1,367,421|21,338|],388,759|1,345,649||
|CREDITORS|||||||||||
|Amounts<br>falling|due ader||more than one|year|13|(18,226)||(18,226)||(30,000)|
|NETASSETS||||||1,349,195|21,338|1,370,533|1,315,649||
|FUNDS|||||15||||||
|Unrestricted<br>fimds||||||||1,349,195|1,308,848||
|Restricted funds||||||||21,338||6,801|
|TOTAL FUNDS||||||||1,370,533|1,315,649||
|The finanoial<br>statements|||were appmved|by the Board|ofTrustees|and authorised|for issue on|........QD)13-..L.................||and<br>were|
|signed on its||by|||||||||





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## 

|f r<br>h<br>Y<br>rEaded31Ma|r|c<br>I||||||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
||||||Nates||6|
|Cash flows fram operating||activities||||||
|Cash generated<br>from operations||||||64,126|1,268,040|
|Net cash provided<br>by operanng<br>activiYies||||||64,126|1,268,040|
|Cash flows from investing||activities||||||
|Purchase oftangible<br>fixed|meets|||||(3,659)|(1,265,251)|
|Interest received||||||4|10|
|Net cash used in investing|activities|||||(3,655)|(1,265,241 )|
|Cash flows from finaacing||activities||||||
|New loans in year|||||||20,000|
|Loan repayments<br>in year||||||(11,775)|(15,709)|
|Net cash<br>(used in)/provided||by financing||activities||(11,775 )|4,291|
|Change sa cash sad cash|equivalents||in|tbe||||
|reporting<br>period||||||48,696|7,090|
|Cash snd cash equivaleats||at the beginning af||||||
|the repornng<br>period||||||29,967|22,877|
|Cash and cash equivalents||at the end|ofthe|||||
|reportiag period||||||78,663|29,967|





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||||313.21|31.3.20|
|---|---|---|---|---|
||||I||
|Net iacome for the|reporting|period (as per the Statement ofFinancial|||
|Activitim)|||54,884|1,268,747|
|Adjustments<br>for:|||||
|Depreciation<br>charges|||5,537|5,783|
|Interest rcceivtut|||(4)|(10)|
|Decrease/(incieam)|in debtors||1,865|(5,043 )|
|Increase/(decrease)|in cmditors||1,844|(1,437)|
|Net cash provided|by operatioas||64,126|1,268,040|



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|ANALYSIS OF CHAN|GES IN NET (DEBT)/FUN|DS|||
|---|---|---|---|---|
|||At 1.4.20|Cash flow|At 31.3.21|
|||f|I|I|
|Net cash|||||
|Cash at bank and in hand||29,967|48,696|78,663|
|||29,967|48,696|78,663|
|Debt|||||
|Debts falling due wichin|1 year|(5,494)||(5,494)|
|Debts falling due after!|year|(30,000)|11,774|(18,226)|
|||(35,494)|11,774|(23,720)|
|Total||(5,527)|60,470|54,943|





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|INVESTMENT INCOME|INVESTMENT INCOME|INVESTMENT INCOME|||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|Deposit account interest|||||4|10|
|INCOME|FROIVI CHARITABLE ACTIVITIES||||31.3.21|31.3.20|
|||Activity|||||
|||Studio rentals and sales|together|with the upkeep|||
|Stucho snd|mooring rents|ofthe Mill and its environs|||102,794|97,446|
|||Studio rentals and sales|together|with the upkeep|||
|Project space rentsd||ofthe Mill and its envi|rom||355|2,125|
|||Studio rentals and sales|together|with the upkeep|||
|Recharged|expenses|ofthe Mill and its environs|||203|3,120|
|||Studio rent ids and sales|together|with the upkeep|||
|Gallery sales and srt rental||ofthe Mill and its envuons|||9,781|29,528|
|||Studio rentals and sales|together|with the upkeep|||
|Services||ofthe Mill and its environs|||23|4,268|
||||||113,156|136,487|
|NET INCOME/(EXPENDITURE)|||||||
||||||Support||
|||||Direct|costs (see||
|||||Costs|note 6)|Totals|
|||||f.||f.|
|Studio rentals and sales together with the|||||||
|upkeep of|the Mill and its|environs||98,924|5,179|104,103|
|Net income/(expenditure)||is stated aher charging/(crediting):|||31 3 21|31 320|
|in dc pendent|exam meir fcc||||1680|1,734|





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||||||Governance||
|---|---|---|---|---|---|---|
|||||Finance|costs|Totals|
|||||f|||
|Studio|mntals|and sales together|with the upkeep||||
|ofthe|Mill and|its environs||610|4,569|5,179|



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|At the year end the|Charity|awed|the Key|Management|Management|f10,000 for services|provided|in 2021 and the|mmaining|balance|
|---|---|---|---|---|---|---|---|---|---|---|
|brought<br>forward off330(2020:820,330).|||||||||||
|STAFFCOSTS|||||||||||
|||||||||31.3.21|31.3.20||
|||||||||f.||f|
|Wages and salaries||||||||||483|
|||||||||||483|
|The average<br>monthly|number|ofemployees||dunng|the year|was as follows.|||||
|||||||||31.3 21|31.3.20||
|No employees<br>received emoluments|||in excessof860,000||||||||
|COMPARATIVES|FOR THK STATEMENT||||OF FINANCIAL ACTIYITIKS||||||
|||||||Unresmcted||Restricted||Total|
||||||||fund|funds||funds|
|||||||||||f.|
|INCOiMK AND KNDOWMEN ISFROM|||||||||||
|Donations<br>and legacies||||||1,250,001||6,801|1,256,802||
|Charitable<br>activities|||||||||||
|Studio rentals and sales together with the upkeep of|||||||||||
|the Mill and its environs|||||||136,487|||136,487|
|Investment<br>income|||||||10|||10|
|Total||||||1,386,498||6,801|1,393,299||





## 

||PiANCIAL STATEXIENT<br>-<br>ia<br>d<br>IMarsh 2021|PiANCIAL STATEXIENT<br>-<br>ia<br>d<br>IMarsh 2021|PiANCIAL STATEXIENT<br>-<br>ia<br>d<br>IMarsh 2021|PiANCIAL STATEXIENT<br>-<br>ia<br>d<br>IMarsh 2021|PiANCIAL STATEXIENT<br>-<br>ia<br>d<br>IMarsh 2021||||
|---|---|---|---|---|---|---|---|---|
|9,|COMPARATIVES FORTHE STATEMENT OF FINANCIAL|||||ACI'IVITIES-continued|||
|||||||Unrestricted|Resuicted|Total|
|||||||fund|funds|funds|
|||||||f|I||
||EXPKNDITLtRK Oiu||||||||
||Charitable<br>activities||||||||
||Studio rentals and sales||together vrith|the upkeep of|||||
||the Mill and its environs|||||124,552||124,552|
||NET INCOME|||||1,261,946|6,801|1,268,747|
||RECONCILIATION||OF FL7tDS||||||
||Total funds brought|forrvard||||46,902||46,902|
||TOTAL FUNDS CAIDIIED FORWARD|||||1,308,848|6,801|1,315,649|
|10.|TANGIBLE FIXED|ASSETS|||||||
|||||||Fixtures|||
|||||Freehold|Plant and|slid|Motor||
|||||pfopeny|machinery|fittings<br>6|vehicles<br>I|Totals<br>f|
||COST||||||||
||At 1 April 2020|||1,292,510|887|32,154|70|1,325,621|
||Addinons||||3,659|||3,659|
||At 31March 2021|||1,292,510|4,546|32,154|70|1,329,280|
||DEPRECIATION||||||||
||At 1 April 2020||||607|9,396|70|10,073|
||Charge for year||||985|4,55t||5,536|
||At 31March 2021||||1,592|13,947|70|15,609|
||NET BOOK VALIJE||||||||
||At 31Man;h 2021|||1,292,510|2,954|18,207||1,313,671|
||At 31March 2020|||1,292,510|280|22,758||1,315,548|
||DEBTORS:AMOCNTS FALLING|||DLtK WITHIN|ONE YEAR||||
||||||||31.3.21|31.3.20|
||||||||f|8|
||Trade debtors||||||3,962|3,864|
||Prepayments||||||5,179|7,142|
||||||||9,141|11,006|





## 

|for tb|I|March 20|March 20|March 20|March 20||||
|---|---|---|---|---|---|---|---|---|
|12.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
||||||||31.3,2l|31.3 20<br>f|
||Trade creditors||||||5,094|1,218|
||Other creditors||||||7,622|9,654|
||||||||12,716|10,872|
|13.|CREDITORS:|AMOUNTS FALLING DUE AFTERMORE THAN||||ONE YEAR|||
||||||||31.3.21|31,3 20|
|||||||||f|
||Other creditors||||||18,226|30,000|
|14.|LOANS||||||||
||An analysis ofthe maturity ofloans is given be)ow:||||||||
||||||||31.3.21|31.3.20|
||||||||f||
||Amounts<br>falling|due|within one|year on demand:|||||
||Mr RA Lee Loan - Short term||||||5,494|5,494|
||Amounts<br>fatting<br>between one and two years:<br>SCDobson loans - Long Term||||||10,000|20,000|
||Mr RA Lee Loan - long term||||||8,226|10,000|
||||||||18,226|30,000|
|15.|MOVEMENT|IN FL74DS|||||||
|||||||Net|Transfers||
|||||||movement|between|At|
|||||At|1.4.20|in funds|funds|31.3.21|
|||||||f|f.|f.|
||Unrestricted<br>funds||||||||
||General<br>fund|||1,308,84&||40,865|(518)|1,349,195|
||Restricted<br>funds||||||||
||Bore Hole Fund||||6,801|14,537||21,338|
||Mission Development||Strategy|Fund||(518)|518||
||||||6,801|14,019|518|21,338|
||TOTAL FUNDS|||1,315,649||54,884||1,370,533|
||Net movement|in funds, included<br>in the above are as follows:|||||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended<br>I|in funds<br>I|
||Unrmtricted<br>funds||||||||
||General<br>fund|||||136,979|(96,114)|40,865|
||Restricted<br>funds||||||||
||Bore Hole Fund|||||17,138|(2,601)|14,537|
||Mission Development||Strategy|Fund||4,870|(5,388)|(518)|
|||||||22,008|(7,989)|14,019|
||TOTAL FUNDS|||||158,987|(104,103)|54,884|





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## 

||||||Net||
|---|---|---|---|---|---|---|
||||||inovement|At|
|||||At 1.4.19|in funds|31.3.20|
||||||E|E|
|Unrestricted|funds||||||
|General<br>fund||||46,902|1,261,946|1,308,848|
|Restricted funds|||||||
|Bore Hole Fund|||||6,801|6,801|
|TOTAL FUNDS||||46,902|1,268,747|1,315,649|
|Comparative|net movemcnt|in funds, included|in the above am as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
||||||E.||
|Unrestricted|funds||||||
|General<br>fund||||1,386,498|(124,552)|1,261,946|
|Restricted<br>funds|||||||
|Bore Hole Fund||||6,801||6,801|
|TOTAL FUNDS||||1,393,299|(124,552)|t,268,747|



||||||Nei|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|Ai|
|||||At 1.4.19|in funds|funds|31.3.21|
|||||f.|E|||
|Uarestricted||funds||||||
|General|fund|||46,902|1,302,8H|(518)|1,349,195|
|Restricted fuads||||||||
|Bore Hole Fund|||||21,338||21,338|
|Mission|Development||Strategy Fund||(518)|518||
||||||20,820|518|21,338|
|TOTAI. FUNDS||||46,902|1,323,631||1,370,533|





## 

## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|m funds|
||||6|f|8|
|Unrestricted<br>funds||||||
|General|fund||1,523,477|(220,666)|1,302,811|
|Restricted funds||||||
|Bore Hole Fund|||23,939|(2,601)|2l,338|
|Mission|Development|Strategy Fund|4,870|(5,388)|(518)|
||||28,809|(7,989)|20,820|
|TOTAL|FUNDS||1,552,286|(228,655)|1,323,631|



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