Activities undertaken to achieve objectives 2022 was our first relatively normal year since 2019. Even so it was still significantly affected by COVID. The Reydon Women’s Panto, due to perform at the end of January and beginning of February, was cancelled due to COVID, and other events were also cancelled during the year for the same reason. Audiences were quite slow to return to the theatre and some events had to be cancelled due to poor ticket sales. However event organisers and performers were keen to return and we were delighted to be able to support them.
In February the Fleetwood Mac and George Michael tribute shows had excellent audiences and fEAST had a considerable success with their new production, Canada Boys. Other touring theatre groups had more limited audiences for Strictly Sherlock, Yes! Yes! UCS!, and My Other Half, though the productions were very enjoyable. May saw no less than five events cancelled. Mainly due to poor ticket sales. The ever-reliable and wellsupported Southwold Jazz Club and Stand-Up in Southwold continued to bring audiences in and have them on their feet.
For the Queen’s Platinum Jubilee week, we had a series of comedy and revue shows from MTP Productions. This was also the Platinum Jubilee Year for the Arts Centre and we celebrated with a Gala Evening, with numbers from fEAST, Aldeburgh Classic Theatre and Southwoldn Jazz Club. Chris Ure and Bob Mole had prepared a superb history of the Arts Centre, which sold well.
Southwold Arts Festival returned with a very successful series of events at the end of June. For July to September we welcomed Aldeburgh Classic Theatre for a season of seven Summer Theatre plays, which were very well received. We supported a children’s theatre season on the Common by running their box office.
We were very disappointed that Ways With Words ceased trading, which leaves a big hole in the life of Southwold and of the Arts Centre. We are exploring whether a Southwold Literary Festival could be revived in 2023. Meanwhile for November 2022 we will stage a mini-season of films of recent Royal Shakespeare Company productions. October half-term will again see our Science Week for children.
Achievement and performance
As reported above, Sole Bay Arts CIO ran a full programme of activities at the Southwold Arts Centre in 2022.
The Trustees have continued to make improvements to the hall, with a special emphasis on health and safety issues. Phase 2 of the external refurbishment works was carried out and we are planning to install a new boiler, following several breakdowns last winter. A new smoke alarm system has been installed.
The Trustees have continued to seek external support for the Arts Centre through grants, with some success.
Several new and very active trustees have joined our committee. We now have a Programme Group, a Publicity Group and a Front of House Group. The CIO is in excellent shape moving forward.
RKGISTERED COMPANY NUMBER: CE009400 (England WAles) REGISTERED CHARtTY NUMBER: 1170774 ORT E TRUSTEES AND ITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DE EMBE FO SOLE B ART Juler Tooke Lothing House Quay View Busine53 Park Bamards Way Lowestoft Suffolk NR32 2HD
SOLE BAY ARTS C.I.O. CONTENTS OF THF. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page Report of the Trustees Independent Ex8mlner's Report Ststement of Fln#rt¢l41 Actlvltles Balance Sheet Not¢s to the Fln&nclal Statements 7 to 12 D¢ialled Statement of Fln*nel81 Attivlties 13 to 14
SOLE BAY ARTS C.LO. REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 DECEMBER2 The trustees who are also directors of the Charity for th¢ purposes of the Companies Aci 2006. present their report with the fjnancial statements of the charity for the year ended 31 De¢¢mber 2021. The tru5tee5 have adopted thc provisions of Aecounting and Reporting by Charities.. Sta*m¢nt of Recommended Practi¢¢ applicabl¢ to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of [relat (FRS 102) (eff¢clive l January 2019). OBJEcrtVES AND ACTIVITIES Objectives And activities 4. Polieies f4Jkd obJettlve5 The Charities objectives are to advance ¢du¢ation in th¢ arts, culture and heritage and to beneflt th¢ residents of Southwold and the surrounding area and to improve th¢ conditroTL5 of life for them, without distinction pf sex. Sexual orientation, ra¢e, political, religi(>us or other opinions by associating with them and with local authorities. voluntary and other organisations in a common etTort to advance education and provide fa¢ilities itl the interests of social welfare for recreation knd leisure time occupation with the objective of imPToving conditions of life for th¢ residents. In furtherance of the above the Charity trustees may (inter alia) estab115h and maintain an arrs and Community ¢¢ntre in St Edmund's Hall, Southwold. In setting objeciive5 and planning for activities. the Trustees have giv¢n due consideration to 8eneral guidance published by th¢ Charity Con]mission relating to publi¢ benefiL Actlvltles undertaken ¢0 achleve obJecilv¢$ 2021 open¢d with the Arts C¢ntr¢ closed du¢ to lockdown. With the help of gTants from the Southwold Tnjst and Southwold Town Council we r¢fuTbished our sound and lighting system during lockdown. We reopened in June with a orte-week tour by the Thcatr¢ Royal, Bury St Edmunds, performing 'Around the World in 80 Day5,. This was greatly enjoyed by those who came, bui audience sizes were ]llu¢h affected by nervousness about COVID. which Continued ¢hrou8h to the autumn. In July tEAST Theatre brought us 'Dulcie and Walterf, and Eastern Angles brought iheir play about local writer G¢org¢ Onvell. 'Red Skies,. Matth¢w Townshend Productions perfomied a Summer Theatre season of three plays, with udience5 Still limited. In Septemb¢r we had a sell-out show for Startd Up in Southwold with Reginald D. Hunter. rurther 20 or so shows followed in the autumn. with audien¢e5 almost back to their 2019 leve15. Ways With Word5 lit¢rary festival return¢d and decided thai fot next year they wanted to increase their residency from 4 to 10 days. An i¢)novation was a Sciene¢ week for children during the October half-t¢m, December saw the retum of our very popular Christhias pthto. Althou&h the year was strortgly affected by COVID, audiences were derltelY retuming by the end of the year. With the refiJrbisllln¢nt5 and improvements to the interior and exterior of the hall, the Art5 Centre is in good shape for the future. The Trustees decided io invite Ald¢burgh Classic Theatr¢ to deliver the Summer Theatre season in 2022. ACHIEVEMENT AND PERFORMANCE Main Achievements of the Charlty As reported Above, Sole Bay Arts CIO ran as full a programme of a¢tiviti¢s at the Southwold Art3 Centre in 2021 COVID perniitted. The Trustees have continued to make tmprovement5 to the hall, with a special emph1$ on health and safety issues. The $t)g¢ lighting was refirtiished and a new audio 5y5tem installed. The Trustees have ¢ontinued to seek external $upport for the Arts Centr¢ through grants. with considerable Success. The largest and hhest profile An1 was fomi the Arts Council, for £28,000.
SOL BAY ARTS C.1. REPORT OF THE TRUSTEES R THE YEAR ENDED 31 DE EMBER 2021 FUTURE PLANS The Trustees will endeavour to set.aside the following Reserves: Operating Reserve The Operating Reserve is intended to provide an internal source of fi]nds for situations such as a sudden inere&8¢ in expenses. one-time unbudgeted expenses, unanticipated loss in funding, or wiinsured losses. Operating Reserves are not intended to r¢placc a pemjanenl loss of funds or eliminate an ongoing budget gap. It is the intention of Sole Bay Arts C.I.O. for Operatin8 R¢s¢rves to be used 3nd replenlsh¢d within a r¢asonably shon p¢riod of time. The Operating Reserve Fund is defined as a designated fund set aside by action of the Tjustets. The minimurn aTnount to be designated as Operating Reserve will be established as an amount suffi¢ieni io maintain ongoing operations and programs measured for a set period oftime, measured in months. The Operating Reserve serves a dynamic role #nd will be reviewed and adjusted in response to both internal and external changes. The targ¢t minimum Operating Reserve Fund is equal to six months of average operating costs. The ealculation of avernge monthly op¢rating costs includes all recU1n& predictable expenses such as salaries, occupancy* Olr¢, travell program, and ongoing professional services. Depreciation. in-kind, and oiher non-C8sh expenses are not in¢luded irt th¢ calculation. The calculation of average monthly expenses also excludes expenses for eapital purchasc5. The amount of the Operating Rese¢ Fund targ¢t minimum will be calculated ¢a¢h year after gpproval of the annual budgeL report to the Finance Committ¢errNstees, and included in ihe regular rinancial reports. Bulldlng And Capltal Ayset ReJ¢rve The Building and Capital Asset Res¢rve 18 intended ¢0 provide 8 ready source of funds for rep41T or acquisition of buildin8s, leas¢holds, fUrnire, fLXtur¢s, and equipm¢nt ne¢e55ary for the effective opgraiion of the organisation and prograrns. Projeets Rettrvt The Projects R¢5eTve is intended to provide a ready source of fund$ foT 5p¢cifLC pfo8Tams, such a5 art exhibitions, and for providing SUPPOrt to 5CIfiC community projects as designated by the Tru$t¢u. This will hold grants given for 3pecific proj¢¢t5 and will be adm2nistered by the nominated Project Director and TTe85UTer. In the reporting period. the Charity generAt¢d an operating surplu5 of £54,218 (2020.. Deficit of £46,834) from a tot41 income of £184,349 12020.. £74.9081 and expenditure of £130,131 12020.. £121,742). Th¢ Charity's total fijnds now stand at £66,022. of whi¢h £66.022. 15 unr¢siricted and £nil r¢5tri¢ted12020.. £11,804, of which £11,804 was unr¢5tri¢ied}. At 31 December 2020, the Charity had free re5erv¢s {whi¢h by defLni¢ion are unrestricted funds not inv¢sr¢d in tangibl¢ fixed assets) csf £06,022 (2019.. £11,804}. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Sole Bay Arts C.l.O is a Charitable Incorpornted Organisation, incorporat¢d on 15 Dec¢mber 2016 and commenced trading on l January 2017. It is a re8lSter¢d charity. number 1170774, and is govemed by a consiitution, dated I S December 2016, whlch establithed the objects and pow¢r5 of the organisation and its trus¢ees. R¢£rultment and appolntm¢nt of new trustee$ The manag¢ment of the Charity is the r¢sponsibility of the TNstees who are elected and co?opted under the ternis of the Constitution. The minimum number of tru5tee3 IJ three artd the maximum number is twelve. Every trustee must be appointed by a resolution passed at a properly Convened meeting of the TNstees. In selecting itidividuals for appointment, the frustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. Southwold Town Council may appoint one Trustee and Southwold Parochial Church Council may appoint two Tru5te¢s. Each appointment j5 made for a terffl ofthr¢e years, effective from the later of the date of the va¢8n¢y and the date on which th¢ Tntstees are infomied of the appointment. REFERENCE AND ADMINISTRATtVE DETAILS Reglstered Company number CE009400 (England and Wales) Registered Charity number 1170774 Registered office St Edmunds Hall Cumberland Road Southwold Suffo]k IPI IHZ Page 2
SOLE BAY ARTS C.LO. REPORT OF THE TRUSTEES OR THE YEAR ENDED31 DECEMBE 021 Trustees E J Ackroyd (resigned I1.6.21) P Guest {resigned I1.6.21) R Mole Rev A D PeThy Prof G M Rowan-Robinson MDKirk Mrs R A Humphrey$ Mrs V M Tolfree S Flunder P H¢garty Mrs F E Taylor (appointed I1.6.211 Mrs W G Mantin (appointed 29.5.21) R M Bumett {appointed I1.6.21) Company Secretary Independent Examlner Peter Boardman Juler Tooke Lothing House Quay View Busines5 Park Barnard5 Way Lowestoft Sutyolk NR32 2HD O M Rowan-Robinson I l April 2022 and Sied ort its behalf by.. Prof G M Rowan-Robinson- Tntee Page 3
INDEPENDENT EXAMINER'S REP T TO THE TRUSTEES OF SOLE BAY ARTS C.LO. Independent examiner's report to the tru$t¢¢s of Sole Bay Art5 C.l.O. Cthe Company,) I report to the ¢haTity IStee8 on tny examination of the accouuts of the Company for the year ended 31 December 2021. Responsibilities and basis of report As the charitys tntee$ of the Company (and 8150 its director5 for the purposes of company law) you are responsiblc for the pr¢parntion of the accounts in accordance with the requeMentS of the Companies Act 2006 {'the 2006 Act.). Having satisfied myself that the accounis of the Company aTr not required to be audited wider Part 16 of the 2006 Act and are eligible for independent ¢xamination. I repon in respect of my examination of your charity's accounts &s carried out under s¢¢tion 145 of the Charities Act 20111'th¢ 2011 Act). In earrying oui Y examination I have followed the Directions given by the Charity Commission under section 145151 (b) of the 2011 A¢t. It)dependent examlner'g $tAtem¢nt I have completed Eny examination. l eonfirni that no matt¢rs have come to my attention in ¢onnection with the examination giving me cause to believe.. ar¢ounting records were not kept in resp¢¢l of lh¢ Company as required by s¢clion 386 of the 2006 Act., or th¢ accounts do not ac¢ord with those records; or the ae¢ounts do not comply with the accounting requirements of se¢iion 396 of the 2006 Act other than any requirement that th¢ accounts give a w¢ and fwr view whi¢h 1$ not a matter Considered as of an independent examination,. or the accounts have not been prepared in accordan¢¢ with the methods and principles of th¢ Statement of Recommended Practice for accounting and reportin8 by ¢harities (applicable to ¢harities preparing th¢ir ounts in accordance with the Financial Reporting Standard applicAble in the UK and Republic of Ireland (FRS 102)). I have no ¢on¢ems and have come across no other matters in connection with thc ¢xomination to which attention should b¢ drawn in this report in order to ¢nable a proper understanding of the account5 to be reached. Peter Bo4rdman MAAT Juler Tooke Lothing House Quay View Busine Park Barnards Way Lowestoft Suffolk NR32 2HD Date.. Page 4
E BAY ARTS C.I.O. STATEMENT OF FINAN IAL ACTJvrrIES FOR THE YEAR ENDED 31 DECEMBER2 31.12.21 Total fi¢ 31.12.20 Total funds Unrestricted filnd Restri¢t¢d fid Notes INCOME AND ENDOWMENTS FROM Donations and legacies 160,194 160,194 57,752 Other trading activities Investment income Other income 20,507 20,507 17,132 24 3,648 3,648 Total 184.349 184.349 74.908 EXPEfiDITURE ON Raising funds 88,010 88,010 41,769 Other 42,121 42.121 79,973 Total 130,131 130,131 121,742 NET INCOMEI(EXPENDITURE) 54218 $4218 (46,834) RECONCILIATION OF FUNDS Total funds brought forward 11.804 11.804 58,638 TOTAL FUNDS CARRIED FORWARD 66,022 66,022 11,804 The notes forni part of these financial Statenllts Page 5
SOLE BAY ARTS C.I.O. BALANCE SHEET 31 DECEMBER 2021 31.12.21 Total funds 31.12.20 Total funds Unrestrict¢d fimd Restricted nd Notes CURRENT ASSETS Stoeks D¢btor5 Cash at bank 1,000 2,404 71,266 1,000 2,404 71,266 ICK) 1.643 25,405 io 74.670 74,670 27.148 CREDITORS Amourts falling due within one y¢ar (8.648) (8,648) 115,3441 NET CURRENT ASSETS 66.022 66.022 11,804 TOTAL ASSETS LESS CURRENT LIABILITIES 66,022 66,022 11,804 NET ASSETS 66,022 66.022 11,804 FUNDS Unrestricted fijnds 12 66,022 11,804 TOTAL FUNDS 66,022 11,804 Th¢ charirable company is erttitled to exemption from audit under Section 477 of th¢ Companies Aet 2006 for the year ended 31 December 2021. Th¢ members have not requir¢d th¢ company io obtain an audit of its tlnan¢ial 8tstements for the year ended 31 Dec¢mber 2021 in COrdanCe with Section 476 of the Companies Act 2006. The trustccs acknowled8¢ rheir responsibilities for (a) ensuring that the charitable compony keeps accounting records that Comply with Sections 386 and 387 of the Companie5 Act 2006 and preparing financial statements which give a true and fair view of the State of affairs of the charitable company as at th¢ ¢nd of each financial yeBx and of its 5UTplus or deficit for ea¢h fuwjcial year in accordanc¢ with the requirement5 of Se¢tions 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relating to fmancial statements, so far as applicable to the charitabl¢ company. (b) These finan¢ial statCTncnts have been prepa in aceordan¢¢ with the provi$ions oppli¢v4ble to charitable companies subject to the small ¢ompani¢s regime. The financi Statements were approved by th¢ Board tsf Tru5tee5 and authori$ed for issue on I l April 2022 and were signed on its behalf by.. G M Rowan-Robinson- Truste¢ Th¢ not¢5 fom part of thcse flljatkcial statements Page 6
SOLE BAY ARTS C.I O. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER 2021 ACCOUNTING POLICIES Basis of preparlng the finAncial statement5 The financial statement5 of the charitable company> which is 8 public benefit entity und¢r FRS 102, have been prepar¢d in accordall¢¢ with the Charities SORP (FRS 102) 'Accounttng 8nd Reporting by Charities.. Statem•it of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Srandard applieable in the UK and R¢public of Ireland (FRS I02} {effective l January 2019),, Financial ReportÈng Standard 102 'Th¢ Financial Reporting StandArd applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial 5tst¢menis have b¢¢n prepared under the historical cost ¢ortventLOn. Jneorne All in¢om¢ 15 recognised in th¢ Statement of Financial Activities once the charity has entitlement to th¢ fid$. it is probable that the income will be received and the amount cath be m¢Ured reliably. F.xpendlture Liabilities are recognis¢d as expenditure w 500n as there is a legal or constructive obligation commiUin8 the charity to that exp¢nditur¢. it is probable that a transfer of ¢conomi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is a¢¢ounied for on an accruals b&8is and has been classified under headings that aggre8at¢ all cost related to the Category. Where costs cannot be dire¢tly ttttribut¢d to particu18r headings they have been allo¢at¢d to actlVllie$ on a basis consistent with the use of resources. Tanglble flxed assets Depr¢ciation is provided at the followin8 annual rat¢$ In order to write off each asset ov¢r 118 estimated useful S¢o¢kJ Stocks are v4lu¢d at the lower of cost and rt¢t realisllble value. after making due allow¥n¢¢ for obsolete and Slow moving items. T8xatlon The charlty 1$ exempt from corporation thx on it$ ¢haritsble activitie8. Fund Ateounting Unr¢5tricted fijnds can be us¢d in oc¢ordance with the charitable objectives at the dis¢r¢tion of the tst¢es. Restricted fundy Can only be used for particular r¢$tri¢ted purp05e5 Wlthin the obj¢¢ts of the charity. Re$tri¢¢ions ari5¢ when spLfIed by the donor or wh¢n funds are raised for particular r¢stricted purposes. Further ¢xpl#A8tion of the nature and purpose of each filnd is included in the note$ to th¢ fanCIal ststement$. Hlre purchase and lea8lng commltments R¢nta15 paid under operniing I¢¢$ ar¢ ¢harged to the Statement of Financia] Activitie5 on a 8traight line basis over the peTiod of th¢ lease. Penllon ¢o$tg and other po8t-retlrement beneflts The charitable company op¢rat¢s a deflned contribution pension Scheme. Contributions payable to the ¢haritable company's pension scheme are charged io the Statement of Finattcial A1VitieS in the period to which th¢y relate. Page 7 continued...
SOLE BAY ARTS C.I.O. NOTES TO THE FtNANCIAL STATEMENTS- ntinued R THE YEA ENDED 31 DECEMBER 2021 OTHER TRADING AcrIvrriES 31.1221 31.12.20 Room hire Café and Bar 6.049 14,458 11,430 5,702 20.507 17,132 INVESTMENT INCOME 31.12.21 31.12.20 Deposit ac¢ount interest 24 RAISING FUNDS R8l$lng don*tlon$ Attd leKa¢les 31.12.21 31.12.20 Staff costs Depreciation Support Costs 21,945 12.106 286 8,917 5,051 26,996 21,309 NET INCOMEI{EXPEf4DITURE) Net incom¢l{expendibJre) Is $ta¢ed after chargin(credItIng)'. 31.12.21 31.12.20 Depreeiation- owTred assets Htre of plant and michinery Other operating Iwes 286 1,984 62,545 716 27,097 TRUSTEES, REMUNERATION A14D BENEFITS There werc no twstees, remuneration tsr otlw benefits for the year end¢d 31 December 2021 nor for the year ended 31 Dec¢mb¢r 2020. Trustees, expensej There were no tste¢s, expenses paid for th¢ year ended 31 Dec¢mber 2021 nor for the year ended 31 December 2020. Page 8 ontinued...
SOLE AY ARTS C.LO. NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2021 COMPARATIVFS FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fuDd Re$tii¢ted fund Total fimds INCOME AND ENDOWMEIYTS FROM Donationg and legacies 57,752 57,752 Othertrading activities Investtnent income 17,132 17,132 24 Totsl 74,908 74,908 EXPENDITURE ON Raising fi]nds 30,624 11,145 41.769 Other 79.973 79,973 Totsl 110,597 11,145 121.742 NET INCOMEI(EXPENDITURE) (35,689) (11,145) (46.834) RECONCILIATION OF FUNDS Total funds brought forward 47,493 11.145 58,638 TOTAL FUNDS CARRIED FORWARD IT,804 11,804 TANGIBLE FIXED ASSETS Fixtures fitting5 COST At l January 2021 and 31 December 2021 465 DEPRECIATION At l January 2021 alkd 31 December 2021 465 NET BOOK VALUE At 31 December 2021 At 31 December 2020 Page 9 continued...
SOLE BAY ARTS C.I.O. NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2021 STOCKS 31.12.21 31.12.20 Stocks I,ooo loo io. DEBTORS.. AMOUNTS FALLING DUE WITHIN OP4E YEAR 31.12.21 31.12.20 Trade d¢btors Prepayments 711 1,693 1,643 2,404 1,643 cREDORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 31.12.20 Trade creditors 8.648 15,344 12. MOVEMEIYT IN FUNDS Net movement in funds At 31.12.21 At 1.1.21 Unrestrleted fundl General fund 11,804 54,218 66,022 TOT AL FUNDS 11,804 54.218 66.022 N¢1 movement in funds, included in the above are as follows.. In¢oming resources R¢50urc¢s expended Movement in funds Unrestrlcted tsndi G¢n¢ral fund 184,349 {130,131) $4218 TOTAL FUNDS 184,349 {130,131) 54218 Page 10 continued...
SOLE BA Y ART c.I.o. NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE Y AR ENDED31 DECEMBER 2021 12. MOVEMENT IN FUNDS- eoDtlnu¢d Comparatlv¢s for movement in funds N¢1 )novem¢nt in funds Al 31.12.20 At 1.1.20 Unr¢strl¢ted funds General fund 47,493 (35,689) 11,804 Re5¢rIct funds Restricted 11,145 (11,145) TOTAL FUNDS 58,638 146,834) 11,804 Comparative net movemeni in fimd8, included in th¢ above are ly follows.. tncotning resource9 Resources expended Mov¢ment in futlds Unr•trlcted funds Genernl fund 74.908 (110,597} (35.689) Reitritted funds Restricted (11,145) {11,1451 TOTAL FUNDS 74,908 1121,742) (46,834) A Current year 12 months and prior year 12 months ¢ombin¢d position 18 4$ ftsllowg.. Net movernent in fvnds A¢ 31.12.21 At 1.1.20 Unresirictcd fund$ General fvnd 47.493 18,529 66,022 Restrlettd fynds Restri¢t¢d 11,145 (11,145) TOTAL FUNDS 58,638 7.384 66,022 Page 11 ¢ontinued...
SOLE BAY ARTS C.1. NOTES T THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDE 31DE EMBER 2021 IL MOVEi4IENT IN FUNDS- tontinued A Current year 12 months and prior year 12 months combined n¢t movement in fvnds. in¢luded in the above are as follows.. Incoming r¢sources Resources expended Movement iz) Ibnds Unr¢fjtrlcl¢d funds General fund 259,257 (240,728) 18,529 Rutricted fuDds Restricted {11,145) (11.145) TOTAL FUNDS 259,257 (251,873) 7.384 13. RELATED PARTY DISCLOSURES There were no related paty tran5a¢tion5 for the year ended 31 tk¢ember 2021. Page 12
SOLE BAY ARTS DETAILED STA TEMENT OF FINANCIAL CTIVITtES FOR THE YEAR ENDED 31 DECEMBER 202 31.12.21 31.12.20 INCOME AND ENDOWMENTS l>onatlons and legacles Gifts Donations Theatre and Cinema 94,911 65,283 46,706 11,045 160,194 57,752 Other trading ¥4ctlvitles Room hire Café 2nd Bar 6,049 14,458 11,430 5,702 20,507 17,132 Inveilment ineome Deposit ac¢ount interest 24 Other Income CJRS Grants 3,648 Total Intornlng resoureei 184J49 74,908 EXPEIYDITURE R418lng donallon18nd leg4cle$ Wages Pensions Depreciatiott of tangible fixed wsets 21.413 532 12,106 286 21,945 12,392 Other Iradlng aellvltles Café and Bar Event costs Front of house C105ing stock 6,842 54,232 940 {I,000) ,562 16,919 1,979 61,014 20.460 Support Costs Mana%ernent Small equipm¢tLt Repairs and mainienance Rent and utilities Lieenees, pennits and memberships Cleaning Telephone and email Administrative serYi¢es Carried forward 716 27,097 7,686 1.430 170 1.274 729 39,102 1,984 62,545 3.743 ,619 239 1,636 11,239 83,005 This page d0¢5 not fomi part of the statutory fmancial Statements Pag¢ 13
SOLE BAY ARTS C.I.O. DETAILED STATEMENT OF FINANCIAL ACTtvrriES OR THE YEAR ENDED31 DECEMBER2021 31.12.21 31.12.20 Management Brought forward Advertising oiri¢¢ Costs 39.102 267 3,304 83,005 803 1,064 42.673 84.872 Finance Insurance 1,981 2,250 Governance costs A¢¢ouniancy fee5 Card processing fee$ 630 1,888 600 1,168 2,518 1.768 Total resources expended 130,131 121,742 Net Incomellexpendlture) 54,218 (46,834) Thi5 page doe5 not forni part of tlLe Statutory fu)ancial strtrments Page 14
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOLE BAY ARTS C.I.O. Ind¢pendent ex#rniner's report to the trn5tees of Sole Bay Arty C.I.O. ('the Company,) I repon to th¢ ¢harity trJste¢s on my examination of th¢ accounts of the Company forthe year ¢nded 31 Dec¢mber 2021. Responsibilities aDd basis of report A5 the Gharity's tntee$ of the Company (and also its directors for the purpose5 of company law) you are responsibl¢ for the pr¢paraiion of the accowits ill accordanc¢ with the requirem¢nts of the Companies Act 2006 Cth¢ 2006 Act). Having satisfied myself that the accounts of the Cotnpany are not requtred to be audited under Part 16 of the 2006 Act and are eligible for independent examinatiorn I r¢pon in respect of my examination of your charity's accounts as ¢arrAed out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my exarnination I have followed the Direciions given by the Charity C(Trnunission under section 145(5) (b) ofthe 2011 Act. Independent txaminer's statemellt I have completed my examination. I confitm that no matters bave eome to my attention in cotmection with the examination giving me cause to beli¢v¢.' accounting records w¢re not kept in respect of the Company ag required by section 386 of the 2006 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the a¢counting requirements of section 396 of the 2006 A¢t other tiwi any requirement thkt the accounts give a tsve and fair Yi¢w which is not a matter considered as part of an independent examination. or the accounts hav¢ not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for ac¢ounting and reporting by Charities (applieabl¢ to Charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no ¢on¢erns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enabl¢ 8 proper understanding of th¢ accounts to b¢ r¢a¢h¢d. P¢teT Boatdman Juler Tooke LKJthing House Quay View Business Park Bamards Way Lowestoft Suffoll( NP32 2HD Date: .... Page 4