2020-12-31-accounts - Sole Bay Arts C.I.O.

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		Page
Report ofthe Trustees		1to 3
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		6to 7
Notes to the Financial	Statements	8to 12
Detailed Statement ofFinancial Activities		13to 14

						31.12.20	31.12.19
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes
INCOMING RESOURCES
Incoming resources from generated		funds
Voluntary income				57,752		57,752	69,891
Activities for generating funds				17,132		17,132	63,423
Investment income				24		24	64
Total incoming resources				74,908		74,908	133,378
RESOURCES EXPENDED
Costs ofgenerating funds
Costs ofgenerating voluntary	income			10,164	11,145	21,309	7,792
Fundraising trading: costofgoods sold		and other
costs				20,460		20,460	96,411
Governance costs				1,768		1,768	2,960
Other resources expended				78,205		78,205
Total resources expended				110,597	11,145	121,742	107,163
NET INCOMING/(OUTGOING)
RESOURCES				(35,689)	(11,145)	(46,834)	26,215
RECONCILIATION OF FUNDS
Total funds brought forvrard				47,493	11,145	58,638	32,423
TOTAL FUNDS CARRIED	FORWARD			11,804		11,804	58,638

	AT 31D	ECEMBER202	0
				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets					286
CURRENT ASSETS
Stocks		100		100	100
Debtors	10	1,643		1,643	4,133
Cash at bank		25,405		25,405	59,220
		27,148		27,148	63,453
CREDITORS
Amounts falling due within one year		(15,344)		(15,344)	(5,101)
NET CURRENT ASSETS		11,804		11,804	58,352
TOTAL ASSETSLESSCURRENT
LIABILITIES		11,804		11,804	58,638
NET ASSETS		11,804		11,804	58,638
FUNDS	12
Unrestricted funds				11,804	47,493
Restricted funds					11,145
TOTAL FUNDS				11,804	58,638

2.	ACTIVITIES FOR GENERATING FUNDS
		31.12.20	31.12.19
	Room hire	11,430	24,654
	Cafe and Bar	5,702	38,769
		17,132	63,423
3.	INVESTMENT INCOME

				31.12.20	31.12.19
Staffcosts				12,106	7,742
Depreciation				286	50
Support costs				8,917
				21,309	7,792
FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS
				31.12.20	31.12.19
Purchases				1,562	19,881
Event costs				16,919	9,150
Front ofhouse				1,979	7,621
Support costs					59,759
				20,460	96,411
NET INCOMING/(OUTGOING)			RESOURCES
Net resources	are stated after charging/(crediting):
				31.12.20	31.12.19
Depreciation	-	owned assets		286	50
Hire ofplant	and machinery			1,984	735
Other operating		leases		62,545	20,429
TRUSTEES'		REMIJNERATION	AND BENEFITS

9.	FORTHE YEAR ENDED 31DECEMBER2020 TANGIBLE FIXEDASSETS
			Plant	and
			machinery	etc
	COST
	At 1 January 2020 and 31December 2020			465
	DEPRECIATION
	At 1 January 2020			179
	Charge for year			286
	At 31December 2020			465
	NET BOOKVALUE
	At 31December 2020
	At 31December 2019			286
10.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.20	31.12.19
	Other debtors	1,643	4,133
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.20	31.12.19
	Trade creditors	15,344	3,959
	Taxation and social security		1,142
		15,344	5,101

						Incoming	Resources	Movement in
						resources	expended	funds
Unrestricted	funds
General fund						74,908	(110,597)	(35,689)
Restricted funds
Restricted							(11,145)	(11,145)
TOTAL FUNDS						74,908	(121,742)	(46,834)
Comparatives	for movement			in funds
						Net	movement
						At 1.1.19	in funds	At31.12.19
Unrestricted	Funds
General fund						7,423	40,070	47,493
Restricted Funds
Restricted						25,000	(13,855)	11,145
TOTAL FUNDS						32,423	26,215	58,638
Comparative	net movement		in	funds, included	in the above are as follows:
						Incoming	Resources	Movement in
						resources	expended	funds
Unrestricted	funds
General fund						133,378	(93,308)	40,070
Restricted funds
Restricted							(13,855)	(13,855)
TOTAL FUNDS						133,378	(107,163)	26,215
A current year 12months		and		prior year 12months		combined position is as follows:
						Net	movement
						At 1.1.19	in funds	At31.12.20
Unrestricted	funds
General fund						7,423	4,381	11,804
Restricted funds
Restricted						25,000	(25,000)
TOTAL FUNDS						32,423	(20,619)	11,804

			FORTHE YEAR ENDED 31DECEM	BER2020
				31.12.20	31.12.19
INCOMING RESOURCES
Voluntary income
GiAs				1
Donations				46,706	47,187
Theatre and Cinema				11,045	22,704
				57,752	69,891
Activities for generating		funds
Room hire				11,430	24,654
Cafe and Bar				5,702	38,769
				17,132	63,423
Investment income
Deposit account interest				24	64
Total incoming resources				74,908	133,378
RESOURCES EXPENDED
Costs ofgenerating	voluntary		income
Wages				12,106	7,742
Depreciation oftangible fixed assets				286	50
				12,392	7,792
Fundraising trading: cost ofgoods sold and other costs
Cafe and Bar				1,562	19,881
Event costs				16,919	9,150
Front ofhouse				1,979	7,621
				20,460	36,652
Governance costs
Accountancy				600	900
Bank interest				1,168	2,060
				1,768	2,960
Support costs
Management
Small equipment				1,984	735
Repairs and maintenance				62,545	20,429
Rent and utilities				3,743	23,194
Licences, permits	and memberships			1,619	1,182
Cleaning				239	5,457
Telephone and email				1,636	2,000
Administrative services				11,239	5,280
Carried forward				83,005	58,277