2021-12-31-accounts - County Hall Arts

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

		Page
Reference and Administrative Details
Report ofthe	Trustees	2to 5
Report ofthe	Independent Auditors	6to9
Consolidated	Statement ofFinancial Activities	10
Consolidated	Statement of Financial Position	11to 12
Charity Statement of Financial Position		13to 14
Consolidated	Statement ofCash Flows	15
Notes to the	Consolidated Statement of Cash Flows	16
Notes to the	Financial Statements	17to 31
Consolidated	Detailed Statement of Financial	32to 33
Activities

			Year Ended	Year Ended	Year Ended
			31.12.21	31.12.21	31.12.20
			Unrestricted	Total funds	Total funds
			funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies			2,312,656	2,312,656	14,790,889
Investment income			5,531,735	5,531,735	6,241,997
Trading income			402 491	~402491	~125684
Total			8,246,882	8,246,882	21,158,570
EXPENDITURE ON
Raising funds			611,625	611,625	374,945
Charitable activities
Direct charitable expenditure			750,511	750,511	75,174
Other resources expended Governance costs			541,769 9886	541,769 ~9886	133,878 ~9862
			1,913,791	1,913,791	93,859
Tax			4 583	4 583	~11970
Total			1,909,208	1,909,208	581,889
NET INCOME				67337,629	20 SZ6jt81
RECONCILIATION OF FUNDS
Total funds brought forward			40,926,719	40,926,719	20,350,038
Owners ofparent Non-controlling interests		22	6,480,411 ~142737	674807411 ~343737	20 587712 ~33033
			6,337,674	6,337,674	20,576,681
Issue ofshare capital		22	839	839
TOTAL FUNDS CARRIED FORWARD			47 265	~X65232	40.926219

		2021	2021	2020
		Unrestricted	Totalfunds	Totalfunds
		funds
	Notes	E
FIXEDASSETS
Tangible assets Heritage assets	14 15	10,501,315 ~167250	10,501,315 ~167250	5,586,790 132510
		10,668,565	10,668,565	5,719,300
CURRENT ASSETS
Social Investments	17	3,028,000	3,028,000
Debtors	18	163476770	1694763770	16972 348
Cash at bank		19 838921	19838911	20 225 909
		39,343,691	39,343,691	37,198,257
CREDITORS
Amounts falling due within one year	19	~2747 024)	~2747 024	~1988620
NET CURRENT ASSETS		36596667	36596667	35209637
TOTAL ASSETS LESSCURRENT LIABILITIES		47,265,232	47,265,232	40,928.937
PROVISIONS FOR LIABILITIES	20			2 218
NET ASSETS		47~25 232	47265 232	40926,719

				2021	2020
				Unrestricted	Total funds
				funds
			Notes	E
FUNDS
Unrestricted	funds		21	47,393,639	40,913,228
Non-controlling		interests	22	(128,407)	13,491
TOTAL FUNDS				47,266,232	40,926,719

		2021	2020
		Unrestricted	Total funds
		funds
	Notes	E
FIXEDASSETS
Tangible assets	14	8,593,439	5,575,117
Heritage assets	15	167,250	132,510
Investments	16	211,158	209,308
		8,971,847	5,916,935
CURRENTASSETS
Social Investments	17	3,028,000
Debtors	18	18,324,028	16,938,902
Cash at bank		19,777,720	20,052,267
		41,129,748	36,991,169
CREDITORS
Amounts falling due within one year	19	(2,091,476)	(1,906,992)
NET CURRENT ASSETS		39,038,272	35,084,177
TOTAL ASSETSLESS CURRENT LIABILITIES		48,010,119	41,001,112
NETASSETS		48,010,119	41,001,112

		1021	2020
		Unrestricted	Total funds
		funds
		E	E
FUNDS
Unrestricted	funds	001D119	.D01,112
TOTALFUNDS		48,010,119	41,001,112
Charitnet	incomefortheyear	7,009,007	20,606,988

				Year Ended	YearEnded
				31.12.21	31.12.20
			Notes	E	E
Cash flows from operating	activities:
Cash generated from operations				7,695,397	10,727,210
Net cash provided by (used in) operating activities				7,695'397	10,727,210
Cash flows from investing	activities:
Purchase offixed assets				(8,083,224)	(4,802,559)
Disposal offixed assets					256,800
Net cash provided by (used in) investing
activities				(8,083,224)	(4,545,759)
Cash flows from financing	activities
Issue ofshare capital
Change in cash and cash reporting period	equivalents	in the		(386,988)	6,181,451
Cash and cash equivalents	atthe beginning		of
the reporting period				20,225,909	14,044,458
Cash and cash equivalents	at the end	ofthe
reporting period				~19838,921	20,225,909

							Year Ended	YearEnded
							31.12.21	31.12.20
							E	6
Net income for the financial activities)		reporting	period (as	per the statement	of		6,337,674	20,576,681
Adjustmbnts for:
Depreciation charges Decrease in deferred tax provision							105,959 (4,583)	29,302 (11,970)
Decrease	in debtors						497,943	(9,581,643)
Increase	in creditors						758,404	(285,160)
Net cash	provided	by (used	in) operating	activities			7,695,397	~10727,210
ANALYSIS OF CHANGES IN NET FUNDS
					At	1.1.21	Cash flow	At 31.12.21
						E	E	E
Net cash
Cash at bank					20,225,909		(386,988)	19,838,921
					20,225,909		~303.9083	29.138,9»
Total					20,225,909		J338,988	19,8,911

3.	DONATIONS	AND LEGACIES
			Year Ended	Year Ended
			31.12.21	31.12.20
			E	E
	Donations		2,312,656	14,790,889
4.	INVESTMENT INCOME
			Year Ended	Year Ended
			31.12.21	31.12.20
			E	E
	Rents received		5,516,073	6,189,006
	Interest received		15,662	52,991
			5,531,735	6,241,997
5.	TRADING INCOME
			Year Ended	Year Ended
			31.12.21	31.12.20
			E	E
	Income generated	from trading activities	402491	125,684

							Year Ended		Year	Ended
							31.12.21		31.12.20
							E			E
Rents payable Rates							42S,830 19,959		252,580
Legalfees Consultancy	and		Design fees				21,948 140,888		214 122,151
							611,625		374,945
CHARITABLE		ACTIVITIES COSTS
						Grant				Year
					Direct	funding of	Support			Ended
					costs	activities	costs		Totals	31.12.20
						(See note 9)	(See note
							10) f		E	E
Direct charitable expenditure Other resources expended Governance costs					550,295	103,750	96,466 541,769 9,886		750,511 541,769 9,886	75,174 133,878 9,862
					550,295	103,750	648121	1~302p166		218 914
Direct charitable			expenditure	breakdown:
Purchases					283,257
Professional	fees				124,145
Exchange rate		variances			142,893
					550,295

		Year Ended	Yearfnded
		31.12.21	31.12.20
		E	E
Deferred	tax	4,583	~11970

Year Ended	YearEnded
31.12.21	31.12.20
E	E
103,750	25,000

		Year Ended	Year Ended
		31.12.21	31.12.20
		E	E
NFTS		3,750	25,000
Picture	Hooks	100,000
		103,750	25,000

						Governance
			Management	Finance	Other	Costs	Totals
			E	E	E	E	E
Direct charitable		expenditure			96,466		96,466
Other resources		expended	502,596	110	39,063		541,769
Governance	costs					9,886	9,886
			520,596	110	135529	9g886	648,121

	Year Ended	Year Ended
	31.12.21	31.12.20
	E	E
Wages	482,530	78,160
Social security Pension	17,044 ~3022	3,040 1155

		Unrestricted funds	Total funds
INCOME AND ENDOWMENTS	FROM
Donations and legacies Investment income		14,790,889 6,241,997	14,790,889 6,241,997
Trading income		125684	111444
Total		21,158,570	21,158,570
EXPENDITURE ON
Raising funds		374,945	374,945
Charitable activities
Direct charitable expenditure		75,174	75,174
Other resources expended		133,878	133,878
Governance costs		~9862	~9862
Tax		11970	11970
Total		581,889	581,889
NET INCOME		20575,681	~20, 76681
RECONCIUATION OF FUNDS
Total funds brought forward		20,350,038	20,350,038
Funds attributable to group Non-controlling interests		20,587,712 ~11031	20,587,712 (11,031)
TOTAL FUNDS CARRIED FORWARD		4~0L 2 19	40~(L7~1

Group
			Fixtures
		Long	and
	Freehold	leasehold	fittings	Total
		E	E	E
Cost or valuation
At 1stJanuary 2021	4,757,176	886,197	66,971	5,710,344
Additions	3,036,046	1,293,994	690,444	5,020,484
Disposals
At 31stDecember 2021	7 793 222	2.18D,191	757415	1.9,750,828
Depreciation At 1stJanuary 2021 Charge for year		68,256 69,484	55,298 367475	123,554 105,959
At 31stDecember 2021		137,740	91,773	229,513
Net book value
At 31st December 2021	7,7053u	2,942,45	65,642	29,502,525
At 31stDecember 2020	8 752216	817,941	11,673	5,586,790

Charity
		Long
	Freehold E	Leasehold E	Totalf
Cost
At 1stJanuary 2021 Additions	4,757,176 ~3036046	886,197	5,643,373 3,036,046
At 31st December 2021	~7793222	~886197	8,679,419
Depreciation At 1stJanuary 2021 Charge for year		68,256 ~17724	68,256 17,724
At 31stDecember 2021		~85980	85,980
Net book value At 31stDecember 2021	7~222	800r217	8,593,439
At 31stDecember 2020	4~757 76	~179	5,575,117

Group and Charity
	Total
	6
Market value
At 1stJanuary 2021	132,510
Additions	34,740
At 31stDecember 2021	167,250
Net book value
At 31stDecember 2021	167,250
At 31stDecember 2020	132,510

Charity
	Equity
	investment in
	group
	undertakings
	E
Market value
As at 1stJanuary 2021 Addition	209,308 1850
At 31stDecember 2021	211158
Net book value
At 31stDecember 2021	211,158
At 31st December 2020

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	E	E	E	E
Trade debtors	1,956,912	1,370,019	1,960,775	1,343,137
Deferred tax	2,365
Other debtors	14,517,493	15,602,329	16,363,253	15,595,765
	16,476,770	16,972,348	18,324,028	16,938,902

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	E	E	E	E
Trade creditors	47,200	172
Taxation and social security	3,680	257,369	293,581	198,763
Other creditors	2,696,144	1,731,079	1,797,895	1,708,229
	2,747,024	1,988,620	2,091,476	1,906,992


			2021	2020
			E	E
Deferred	tax
Accelerated		capital allowances	572	2,218
Tax losses carried forward			~2937
			L223	~2218
				Deferred
				tax
				E
At 1stJanuary		2021		2,218
Provided	during year			(4,583)
Balance	at 31st December 2021			(2,365)

					Net	Transfers
					movement	between	At
				At 1.1.21	in funds	funds	31.12.21
				E	E	E	E
Unrestricted		funds
General	fund			27,363,228	8,880,411		36,243,639
Designated		funds		13,550,000	(2,400,000)		11,150,000
				40,913,228	6,480,411		47,393,639
Nonwontrolling			interest	13,491	(141,898)		(128,407)
TOTAL	FUNDS			40,926,719	6,33$,513		47,265,232

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted	funds
General fund			8,206,633	2,092,1984	6,480,411
Non-controlling		interests	40,249	(182,9$6)	(142,737)
TOTAL FUNDS			8~246.882	1,90908	6~332,674

		2021	2020
		E	E
On acquisition		23,257	23,257
Share ofresults		(152,503)	(9,766)
Issue ofshare capital		839
Closing non-controlling	interests	(128,407)	13,491

	Group and charity	Group and charity
	2021	2020
	E	E
Within one year	206,076	213,015
Between one and five years	796,548	802,746
In more than five years	1,810,756	2,009,893
	2,813,381	3,025,654

			Year Ended	Year Ended
			31.12.21	3112 20
			E	E
INCOME AND ENDOWMENTS
Donations and legacies Donations			2,312,656	14,790,889
Investment income
Rents received			5,516,073	6,189,006
Interest received			15,662	52,991
Trading Income			402,491	125,684
			5,934,226	6,367,681
Totalincoming resources			8,246,882	21,158,570
EXPENDITURE
Investment management costs Rents payable Legal fees Consultancy and design fees			428,830 21,948 140,8$8	252,580 214 122,151
			591,666	374,945
Charitable activities
Architecture and professional Grants to institutions		fees	124,145 103,750	32,450 25,000
Operating expenses Suppliers Exchange rate variances Rates			266,121 17,136 142,$93 19,959
			674,004	57,450
Support costs
Management Insurance			15,752	12,973
Sundries
			15,752	12,973
Finance Bank charges			110	113
This	page does not form part ofthe statutory		financial statements

		Year Ended	Year Ended
		31.12.21	31.12.20
		E	E
Other
Leasehold depreciation Fixtures and fittings depreciation Wages Social security Pensions		96,466 9,493 482,530 17,044 3,022	17,724 11,578 78,160 3,040 1,155
Telephone Post and stationery Advertising Travelling Computer costs Licenses and insurance		1,810 541 124 115 134	1,732 1,929 1,736 18,433 148 134
Sundry expenses Subscriptions Legal and professional	fees	6,490 1,921 2,683	522 1,697 528
		622,373	138,516
Governance costs
Auditors' remuneration		9,886	8,500
Accountancy fees			1,362
		9,886	9,862
Deferred tax		(4,583)	(11,970)
Tota Iresources expended		1,909,208	581,889
Net income		~6,337674	20,576,681