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|||||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|
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|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|||||
|---|---|---|---|---|
|The principal
accounting
policies adopted
in the preparation
ofthe financial statements
are set out|||||
|below and have remained
unchanged
from the previous year.|||||
|(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)|||||
|2nd edition and the Charities Act 2011.|||||
|The financial statements
have been prepared
under the historical cost convention.|||||
|(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.|||||
|[iii]Restricted funds are subjected to restrictions
on their expenditure
imposed
by the donor|||||
|orthrough
the terms ofan appeal.|||||
|(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|||||
|conditional
on the delivery ofa specific performance
by the charity, are recognised
when|||||
|the charity becomes unconditionally
entitled to the grant.|||||
|[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.|||||
|[v]income from charitable
trading
activity are accounted for when earned.|||||
|[vi]income from grants, where related to performance
and specific deliverables,|||||
|are accounted for as the charity earns the right to consideration
by its performance.|||||
|(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|||||
|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|||||
|designed
to reflect the use ofthe resource. Costs relating to a particular||activity are|||
|allocated directly, others are apportioned
on an appropriate
basis.|||||
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||||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|
##