**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 der￿ltelY 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 emph￿1$ 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 h￿hest 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 recU￿1n& predictable
expenses such as salaries, occupancy* O￿lr¢, 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, fUrni￿re, 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 5￿CIfiC 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 Si￿ed ort its behalf by..
Prof G M Rowan-Robinson- Tn￿tee
Page 3

INDEPENDENT EXAMINER'S REP
T TO THE TRUSTEES OF
SOLE BAY ARTS C.LO.
Independent examiner's report to the tru$t¢¢s of Sole Bay Art5 C.l.O. Cthe Company,)
I report to the ¢haTity I￿Stee8 on tny examination of the accouuts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charitys tn￿tee$ 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 requ￿eMentS 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
fi￿d
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 Staten￿llts
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¢ fi￿d$. it
is probable that the income will be received and the amount cath be m¢￿Ured reliably.
F.xpendlture
Liabilities are recognis¢d as expenditure w 500n as there is a legal or constructive obligation commiUin8 the
charity to that exp¢nditur¢. it is probable that a transfer of ¢conomi¢ benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is a¢¢ounied for on an accruals b&8is and has
been classified under headings that aggre8at¢ all cost related to the Category. Where costs cannot be dire¢tly
ttttribut¢d to particu18r headings they have been allo¢at¢d to actlVllie$ 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 t￿st¢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 sp￿LfIed 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¢ f￿anCIal 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 A￿1VitieS 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 t￿ste¢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
cRED￿ORS. 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 tn￿tee$ 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