Registsred number: Charlty rtumr: 1168545 THE SCOTT CREATIVE ARTS FOUNDATION (A Charitable Incorporated Organisation) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon CONTENTS Page Reference and Administrative Details of the Company. its Tntstees and Advisers Trustses, Rèport Ind8p8ndont Examinorfs R•port Statement of Financial Activities Balan¢0 Shgot 10- 11 Notes to tho Financial Statements
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Tru$tg0s Keith Madeley MBE. Chair Dr Wendy McGrandles. TreaSur Dr Sue Armstrong. Trustee Charity registored numb•r 1168545 Registered office The Old Bam York Road Thirsk North Yorl(shire Y07 3AD Accountants Amistrong Watson Audit Limited Chartered Accountants & Statutory ALKIitoTS York House Thomfield Business Park Northallerton North Yorkshire DL6 2XQ 8ank•rn Lloyds Bank plc 67 York Road A¢¢omb York Y024 4LN Page 1
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual rewt together with the financial ststements of the The Scott Creative Arts Foundation for the 1 April 2021 to 31 March 2022. The Annual Report setves the purposes of both a Trustees. report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the chantable company compty with the current stslulory requirements, the requirements of the Charitable companls governing dUrnet and the prowsions of the Stslement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Repon9 Stsndard applicable in the UK and Republic of Ireland IFRS1021 leffecb've 1 January 20191. ObjgCtiv8s and activities a. Poll¢lo8 and oble¢tlv•$ The primary objeth've of the charity las defined by ils conslrtub"on} to provide an art gallery lo exhibf( the historical collections of original paintings by the late Eileen and Michael Scott and to promote and encourage high standards of paintsngs and other artistic media principally amongst young and emer9ing arb'sls. We have matched our objectives this year through the following primary means.. Promoting the third SCAF Emerging Artist Award 2021122 IhroughoLrt Yorkshire Planning for the fourth SCAF Emerging A.$1 Award 2023. wlh the subject of'synergy, Working wth the York NHS Hospitals Trusl Arts Team to prowde a loan exhibth'on for 5 years vthin the York Community Stadium Obtaining planning permission regarding the land purchased by the charity to carry out and complete the renovation of the former garage lo provide a permanent adminislralion office and lo house the historical colleclien permanently and securely This work is now complete. and the office is open and functioning. The office and store provide opportunibes for our finalists lo use the space for their Vrk We are launching a programme of workshops both for ath'sts and members of the public Our strategies adopted to achieve these objeth.ves have been.. Creative collaborations- Healih and Art- York NHS Hosprtals Trust Communication wth artists and the public via social media- Facebook, InstagTam. Linkedin and ltter Working with a marketing and creative design company- Your Creative Sauce Working with Seven5un, web developers for our main website Email campaigns Working wth Native Ar¢hrte¢ts following a selection process. to design a two-phase plan for securely housing the colledion and providing a pemianenl base for the Foundalion in Phase 1 and building a purpose-buirt gallery in Phase 2 Developing our relationship wth Thirsk Hall Sculpture Park to further Promote a collaborative approach lo art in Thirsk Taking on a part time volunteer to help wth e(lrtorial Page 2
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 A¢hlov8monts and porfomian¢o a. Maln a¢hièvom•nts of thè Company The SCAF Emerging Artist Award created new opportunilies and relationships for several of the finalists, which included us exploring a collaboration with the LavKence Batley Theatre in Huddersfield (where one of Dur finalists is the current arts"5t in residence) and looking al tsking on the son of another of our finali51s as a Social media inlem. Two judges, one vtho runs a gallery and is involved in Open Studios in York and our 2021 SCAF EA4 wnner were invited onto the judging panel, which forged closer ties betsveen the individuals with SCAF as well as maintaining a close liaison with previous artists that have come through our awards process. We are now offering all past SCAF EAA finalists the opportunrty to use the SCAF office lo host their own workshops and work in the space. We have had excellent positive feedback from members of the public vtho have visited the NHS oulpalienl department al the York Community Stadium. Where we have a 5-year loan exhibition on display in the wailing areas. People have placed notes on the paintings lo express how the art has lifted them al ts.mes of stress. Our presence in Thirsk is now becoming estsblished and our office is now visited by artists and friends of SCAF. We now have our first volunteer attending monthly which has provided a retum-lo-work opportunity Flnanclil rovI•w a. FundralsSng actlvltl•s We have received a nominal income from donations. sale of books from our beneficiaries and event catslogues. We are now creating our Fiv&Year Fundraising Plan and wll be taking on a professional fundraiser to start our campaign 90ing forward. Page 3
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 b. Plans for fulurn pgrlods Purpose built gallery- This is our ultimate lontrtem goal Architectural Plans have been Completed The gallery will be sited on the land purchased in Thirsk The works of Michael and Eileen Scott- S Ygar Loan •xhibition We have collaborated with the York Heatth and Art INHS Trust Teaml and provided 35 works from both Eileen and Michael that are now being exhibited al the York Communrty Stadium al Monks Cross in the NHS oulpalienl department. Workshops and discussion Groups- Science and Nature within tho Arts Our pro9ramme launches in January 2023. Supportlng a yearly Arts Avrdrd Our 2023 Emerging Artist Award wim be launched in 1 October 2022. Digitalisation of 8xhibitionslcollèctionslintep4iews Our curator is continuing the work of digitalisation of the colleCtnS Intem Programm• We intend lo lake on 2 interns in 2023 So¢ial media and maetIng Archiving Frlèndl Programm• This wll be launched In January 2023 c. Rlsk managomènt The Board has paid particular attentson to a range of risks faced by the charity and ha$ implemented measures to reduce or mitigate these risks The main risks identrfied by the Board during 202112022 have Wn.. Loss or damage to the art collection The collection was moved into secure dry storage from the end of June 2021 as a temporary position, until the refurbishment of the storage facility at the new pernianent site has been completed Loss of key personnel- Trustee succession Loss of the capital lund Cyber security GDPR and data Protection - Virus SOare- Norton Virus sofhvare External Hard drive- Password protected Computer- Password Protected Servicing of Inlemal camera system - Full annual seNce Instsllalion of extemal camera system al the new premises - The new facility is a rural location therefore il was deemed essential to provide extemal cameral monrtoring of the premises. - Alarm System- TAP Alarm system in situ, Annual service was perfornied Insurance- Up lo date and has been reviewed. Maintenance of the rental property. Annual inspection insb"gated. Maintenance of the land, Having an unpaid caretaker on srte has helped ensure upkeep of the land Page 4
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 d. Flnan¢lal raport SCAF had an opening bank balance on 1$1 April 2021 of £15.015 and a closing balance on 31 sl March 2022 of £6,808. The funds are held been 2 accounls a currenl account for day-taY transactions and running expenses of the charity and a savings account. Both are held with Lloyd's bank. The balance of funds is currenuy hekl in a portfolio with 8rewn Dolphin. Although the overall figure fluctuates the current uncertain economic ts'mes has caused a fall in the portfolio value to £470.000 ¥thi¢h is now predicted to generate an annual income of circa £14K. This figure could increase once the market economy stabilisers. The main areas of expendrture ¢onb"nued lo be the Curalorfs wage and the Artistic Director's fees along with projects lo promoloe the work of SCAF in particular the Emerging Artists Award. This continues lo be a very successful and popular award Mlh relatively low cosls. Hawng had lo go online for the 202012021 award due lo Covid restrictions the 202112022 avrard wll be hosted in person once again. Costs of housing the art collection decreased wlh the purchase of The Old 8am however additional expenses were incurred in converting the double garage into the new SCAF office and allow a further expansion of the rk of SCAF wrth new events planned and the abilty Its offe¥ Inlemships for students. The propety ¢onts'nues to be renled and SCAF received a market value annual nt.. Page 5
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Stru¢lurn, gov8rnan¢o and managom•nt a. Constitution The CIO is a registered chanty, number 1168545 with the registrab'on dated 1 August 2016. Scott Creative Arts Foundats"on is a Charrtable Incorporated Organisalion {CIOI govemed by a conslilulion registered wth the Charity Commission on 1 August 2016. From the eslale of Michael Reginald Sctstt. the charity received a pecuniary legacy of £1.000.000. a specific bequest of the lifetime works ol Michael and Eileen Scott and, subject to a right of residence 1¢h has since been waived, the private residence, furniture and personal effects of the late Michael Scott. Scott Creative Art5 Foundation has adopted the Found3b"on model of the CIO Conslilulion, voting members are therefore the charity Trustees only. In a¢cordan¢e with Ihe consb"lution Trustees may be appointed for an unlimited period ol bme and appointments a approved by the incumbent Trustees by way of a majority decision. The 8oard of Tru51ees meets four times a year and are responsible for meeting the aims and objective5, ongoing viabilty, strategic development and legal obligatsons of the tharity. The Board ef Trustees holds overall responsibility for the charity's ¢onlinved success. rt is vrtal that its Trustees have the necessary skills and knowledge lo enable them lo cary out this fvncts'on. During the period the charity had one paid part time employee and one paid part-time consultant. The Trustees performed the day.Ioryday management of the organisalion. The Board of Trustees confirm th* they have complied wlh the duty in section 17 of the Charrtt'es Act 201110 have due regard to public benefit guidance published by the Charity Commission. b. Ref•r•nce and adminiltrativè •xpon¥•s Reference and administratsve details are included wthin Charity Informatyon, vknich ¢onstitute$ part of the Report of the Trustees c. Factor¥ outslde the ¢harlllg$ control The $t of supplies for the final stages of our office relurbishmenl has escalated due to the slate of the global economy. In addition lo this it has proved very drfficurt to get trades due to the nalionwde issues of skills shortages. The global economy has also made it extremely difficult lo judge the finanrAal markets. d. Long tgmi •ffg¢t on beneficlarles Through the SCAF EAA 2020121 we have remained in contact our finalist5 and promoted their work primarily through social media and our ebsite. Our SCAF EAA 2020121 finalists have pemiissions to use a video that we had professionally produced of the exhibition for their own promotional purposes. The fin81 piece is now a part of the SCAF collection after SCAF purchased the piece. - All of our SACF EAA finalists wll be able to book the office space for their own use e.g. to provide workshops. Page 6
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftablo In¢orporntsd Organlsatlon TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Statomant of Trustsos. rosp)nsibiliti8s The Trustees Iwho are a150 the directors of the Company for the purposes of company lawl are responsible lor preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom A¢¢ounts'ng Standards (United Kingdom Generally Accepted Accounting Pra¢licel. Company law requires the Trustee5 to prepare financial ststemenls for e3ch financial . Under ¢ompany law. the Trustees musl not approve the financial stslements unless they are sab"sfied that they give a true and fair view of the stsle of affairs of the Company and ol rts incoming cesources and appli¢aty'on of resources. including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitsble accounting policies and Ihen apply them nsISteny', observe the methods and principles of the Charities SORP IFRS 1021.. make judgments and accounting estimates that are reasonable and pwdent," State thether applicable UK Accountsng Standards IFRS 1021 have been followed, subje¢l to any material departures disclosed and explained in the financial slalemenls". prepare the financial ststemenls on the going concem basis unless f( is inappropriate lo presume that the Company will continue in business. The Trustee8 are responsible for keeping adequate accounting records that are sufficient lo show and explain the Company's Iransa¢lions an¢J dis¢lose wth reasonable ac¢uracy at any time the finan¢ial position gf the Company and enable them to ensure that the financial Statements mplY wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and deleth'on of fraud and other irregulants'es. Approved by order of the members of the board of Trustees and signed on their behatf by.. K•lth Madeloy MBE Dr Sue Arnistrong Date." 19 December 2022 Page 7
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftablo In¢orporntsd Organlsatlon INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Ind¥p¥nd•nt Examln•rf$ Report to th• Trustso$ of Th• Scott Crgatlve Arts Found•tlon Ilh• Company'l I report to the charrty Trustees on my examination of the accounts of the Company for the year ended 31 March 2022. Responsibilities and Basis of Report As the Trustees of the Company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carying out my examination I have followed the Directions given by the Chanty Commission under sects'on 1451Sllbl of the 2011 Act. Indgpgndgnt ExamSnerfs Stst¥menl I have completed my examination. I confim that no matters have come lo my attention in connection wlh the examination giving me cause lo believe.. accounting records were not kept In respect of the Company as required by section 388 of the 2006 Act., or the accounts do not accord wth those records., or the accounts do not comply wth Ihe accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and lairf view %thich is not a matter considered a$ part ol an independent examination". or the accounts have not been prePad in accordance the methods and principles of the Statement of Recommended Practs'ce for accounbng and reporting by charrties lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 10211. I have no concerns and have come across no other malters in connection wth the examination to which attention should be dra in this report in order lo enable a proper understanding of the accounts to be reached. This report is made solely to the Company's Trustees, as a body, in accordance wth Part 4 of the Charrties (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might State to the Company's Trustees those matters l am required to stale to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permrtted by law, I do not accept or assume responsibility lo anyone other than the Company and the Company's Trustees as a body. for my work or for this report. Signed.. Dated: 22 December 2022 Simon Tumer ACCA Amistrong Watson Audit Limited Northallerton Page 8
Total funds 2021 £ 10 25,987 265 26,262 6,928 85,790 92,718 (66,456) 128,937 62,481 1,344,662 1,407,143
2021 £ 630,857 729,254 1,360,111 3,964 48,671 52,635 (5,603) 47,032 1,407,143 1,407,143 1,407,143
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charitablè Incorporatad Organlsatlon REGISTERED MUMBER: BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2022 2022 2021 Charity funds Restricted funds UnstriCted funds 1,367.740 1,407, 143 Total funds 1.367,740 1,407, 143 The Company was enlilled to exemptj'on from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtsin an audrt for the year in question in accordanee wth Section 476 of Companies Act 2006. The Trustees ackno¥edge their responsibilities for complying with ihe requirements of the Act with respect lo accounting records and preparation ol financial statements. The financial slalemenls have been prepared in accordance Yh the provisions applicable to enlilies subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Koith Mad•loy MBE Or Sua Arnistrong Dale.. 19 December 2022 The notes on pages 12 to 21 fomi part of these financial stslements. Page11
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General inforniation The Scott Creab've Arts Foundation- 1$ a Charitable Incorporated Organisation ICIOI and the registered office is The Office, Arthington Lane, Pool in arfd3le, LS21 1JZ. A¢¢ountlng poll¢lo$ 2.1 Basis of preparation of financial Statents The financial statements have been prepad in accordance wlh tt)e Charities SORP IFRS 1021- Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charrties preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Scott Creative Arts Foundation meets the definrtion of a public benefrt ents'ty under FRS 102. Assets an¢J liabilities are initially re¢ognised at historical cost or transaclion value unless othetwse stated in the relevant accounting policy. 2.2 Incomo All income is recognised once the Company has enlrtlement to the income, il is probable that the income wll be received and the amount of InMe receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlrtlemenl, the probabilty of receipt and the ability lo estimate wth sufficient accuracy the amount receivable. Evidence of enlillemenl lo a lega¢y exists when the Company has sufficient evidence that a gift has been left lo them Ilhrough knovledge of the existence of a valid wll and the death of the benefaclorl and the executor is satisfied that the property in question 11 not be required to satisfy claims in the eslale. Receipt of a legacy must be recognised vthen it is probable that it will be received and the fair value of the amount receivable. %thich will generalty be the expected cash amount to be distributed lo the Company, can be reliably measured. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligats.on can be measured reliably. Expenditure 15 cla55ified by activity. The c051s of e8¢h 8thity are made up of the lotsl of direct costs and shared costs, including support costs involved in undertaking each aclivty. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs ¥thich contribute to more than one activty and support costs which are not attn'butable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tsme spent, and depreaation charges allocated on the portion ofthe asset's use. Expenditure on raising funds includes all expenditure incurred by the Company lo raise fvnds for ils charitable purposes and includes costs of all fijndraising activities events and non-charitable trading. Expenditure on charTtable actiwties is incurred on direcly undertaking the activities which further the Company's objective5, as well as any a550ciated support costs. Page 12
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ountlng poll¢lo$ l¢ontInd 2.4 Taxation The Charitable Incorporated Organisation is considereil to pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore rt meets the definition of a charitable company lor UK corporation tax purposes. Accordingly, the Chantable Incorporated Organisation is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 01 the corporats.on Tax Act 2010 or Secbon 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively lo charitable purposes. 2.$ Tangible fixed assets and dopreciation Tangible fixed assets costing ÈNIL or more are ¢aptslised and recognised when future economic benefits a probable and the cost or value of the asset can be measured reliably. Tangible fixed a$$el$ are inrtially regnISed * $1. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losse5. All costs incurred lo bring a tangible fixed a5sel into 115 intended working condition should be included in the measurement of cost. Depre¢ialion is charged $0 as to alloc*e the cost of tangible fixed assets less their residual value over their estsmaled uselul lives, Depreciation is provided on the followng basis.. Freehold property Plant and machinery Fixtures and fittings Compuler equipment Artwork No depreciats'on 20% Straight line 20% Straight line 33% Straight line 33% Straight line 2.6 InvlMents Fixed asset investments are a fom7 of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in lch case it is measured at cost less impairment. Investment gains and losses, vknelher realised or unrealised, are combined and presented as 'GainsllLosses} on investments. in the Stslement of Financial Activities. 2.7 Dobtors Trade and other debtors are CogniSed at the settlement amount after any trade discount offered. Prepayments are value(l al the amount prepaid net of any trade discounts due. Page 13
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| £ | £ |
| 10 | 10 |
| Unrestricted funds 2021 £ 1,250 24,737 25,987 |
Total funds 2021 £ 1,250 24,737 25,987 |
|---|---|
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| £ | £ |
| 265 | 265 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| £ | £ |
| 6,928 | 6,928 |
| Unrestricted funds 2021 £ 13,532 27,112 10,354 143 19,773 1,530 636 1,995 5,314 2,050 2,893 458 85,790 |
Tot 202 13,53 27,11 10,35 14 19,77 1,53 63 1,99 5,31 2,05 2,89 45 85,79 |
|---|---|
| Activities undertaken directly 2021 £ 13,532 27,112 10,354 143 19,773 1,530 636 1,995 5,314 2,050 2,893 458 85,790 |
Tota funds 2021 £ 13,532 27,112 10,354 143 19,773 1,530 636 1,995 5,314 2,050 2,893 458 85,790 |
|---|---|
(2021 - £NIL)
THE S¢OTh CREATIVE ARTS FOUNDATION (A Charftsblo In¢orporntsd Organlsatlon NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Tangible fixed a35ets Fr88hold Plant and Fixturns Computer property machinery and fittings equipment Artwork Total Cost or valuation At 1 April 2021 Additions 612,420 162.656 24.352 600 9.842 2.340 11,682 658,296 168.506 2.910 At 31 Mar¢h 2022 775,076 2,910 24,952 12,182 11,682 826,802 Depr•¢latlon At 1 April 2021 Charge for the year 1S,261 4.990 9,842 468 2,336 2.336 27,439 8,376 582 At 31 March 2022 582 20,251 10.310 4.672 35,815 Net book valu• At 31 March 2022 775,076 2,328 4,701 1,872 7,010 790,987 Al 31 Alarch 2021 612.420 9.091 9.346 630,857 Page 19
At 31 March 2021 729,254
2021 £ 1,250 2,714 3,964 3,964
2021 £ 2,823 230 2,550 5,603
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | Gains/ | 31 March | |||
| 1 | April 2020 | Income | Expenditure | (Losses) | 2021 |
| £ | £ | £ | £ | £ | |
| 1,344,661 | 26,262 | (92,718) | 128,937 | 1,407,142 |