| Unrestricted | Restricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | |||||||
| Notes | 2022 | 2022 | 2022 | 2021 | |||||
| f | f | f | |||||||
| Income | |||||||||
| Donations | |||||||||
| Membership | |||||||||
| Income from charitable | activities | ||||||||
| Activities for generating | funds | ||||||||
| Events income | 1,540 | 1,540 | |||||||
| Grants and contracts | 20,580 | 20,580 | |||||||
| Total Income | 1,540 | 20,580 | 22,120 | ||||||
| Expenditure | |||||||||
| Charitable activities |
5 | 2228 | 1363 | 3,591 | 8,215 | ||||
| Total Expenditure | 2,228 | 1,363 | 3,591 | 8,215 | |||||
| Net income/[expenditure) | (688) | 19,217 | 18,529 | (8,215) | |||||
| Transfer between funds | 5,876 | (5,876) | |||||||
| Total funds brought forward | 13,270 | 5,876 | 19,146 | 27,361 | |||||
| Total funds carried forward | 18,458 | 19,217 | 37,675 | 19,146 |
| Current assets | |||
|---|---|---|---|
| Debtors | 132 | 132 | |
| Cash on hand | 273 | 257 | |
| Cash at bank | 37,720 | 19,142 | |
| 38,125 | 19,531 | ||
| Current liabilities | |||
| Creditors: amounts | falling | ||
| due within 12months | {450) | {385) | |
| Net Current assets | 37,675 | 19,146 | |
| Unrestricted funds |
|||
| General funds | 18,458 | 13,270 | |
| Restricted funds | 19,217 | 5,876 | |
| 37,675 | 19,146 |
| (1)Principal Accounting Policies |
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|---|---|---|---|---|
| The principal accounting policies adopted in the preparation ofthe financial statements are set out |
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| below and have remained unchanged from the previous year. |
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| (a) Basis ofpreparation | ||||
| The charity constitutes a public benefit entity as defined by FRS102.The |
financial | |||
| statements have been prepared in accordance with Accounting and Reporting by Charities: |
||||
| Statement ofRecommended Practice applicable to charities preparing their accounts in |
accordance | |||
| with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) |
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| 2nd edition and the Charities Act 2011. | ||||
| The financial statements have been prepared under the historical cost convention. |
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| (b) Fund accounting | ||||
| [i] Unrestricted funds are available for use at the discretion ofthe trustees |
in furtherance | of | ||
| the general objectives ofthe charity. | ||||
| [ii]Designated funds are unrestricted funds earmarked by the Management |
Committee kx | |||
| particular purposes. |
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| [iii]Restricted funds are subjected to restrictions on their expenditure imposed by the donor |
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| orthrough the terms ofan appeal. |
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| (c) Income | ||||
| Income is included in the statement offinancial activities when the charity |
||||
| is entitled to the income and the amount can be quantified with reasonable |
accuracy. | The | ||
| following specific policies are applied to particular categories ofincome. | ||||
| [i7 Income received by way ofgrants, donations and gifts and is included |
in full | |||
| in the Statement of Financial Activities when receivable. Grants, where entitlement is not |
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| conditional on the delivery ofa specific performance by the charity, are recognised when |
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| the charity becomes unconditionally entitled to the grant. |
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| [ii] Donated services and facilities are included at the value to the charity | where this | can | be | |
| quantihed. | ||||
| [iii7The value of services provided by volunteers has not been included in |
these accounts. | |||
| [iv] Investment income is included when receivable. |
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| [v]income from charitable trading activity are accounted for when earned. |
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| [vi]income from grants, where related to performance and specific deliverables, |
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| are accounted for as the charity earns the right to consideration by its performance. |
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| (d) Expenditure | ||||
| Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure |
includes | |||
| any VAT which cannot be fully recovered | ||||
| [i]Costs ofgenerating funds comprise the costs associated with attracting |
voluntary | |||
| income and the costs oftrading for fundraising purposes. |
||||
| [ii] Charitable expenditure comprises those costs incurred by the charity |
in the delivery of | |||
| its activities and services for its beneficiaries. It includes both costs that can be allocated |
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| directly to such activities and those costs ofan indirect nature necessary | to support | them | ||
| [iii]Afi costs are allocated between the expenditure categories ofthe SoFA on a basis |
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| designed to reflect the use ofthe resource. Costs relating to a particular |
activity are | |||
| allocated directly, others are apportioned on an appropriate basis. |
| Charitable | Total | ||||
|---|---|---|---|---|---|
| activities | 2021 | ||||
| f | f | ||||
| Supplies | 140 | ||||
| Professional | fees | 162 | |||
| Printing &Stationery | Brochure | 159 | |||
| Advertising | 490 | ||||
| Workshops | and artists' fees | 4,300 | |||
| Stage | 715 | ||||
| Insurance | 432 | 1,410 | |||
| Grant refunded | 1,856 | ||||
| Cern 2 Cove | 226 | ||||
| Hall Rent | 305 | ||||
| Membership | to ACT | 514 | |||
| independent | examiner | 450 | 385 | ||
| 3,531 | 8,215 |
| (6) Anal | ysis ofnet assets between funds | ||||
|---|---|---|---|---|---|
| General | Restricted | ||||
| Funds | Funds | Total | |||
| f | f | f | |||
| Current | assets | 18,908 | 19,217 | 38,125 | |
| Current | liabilities | (450) | (450) | ||
| Net assets at 5th April 2022 | 18,458 | 19,217 | 37,675 |