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2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to6
independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		9to10
Notes to the Financial	Statements	I 1 to 22

The trustees and officers	serving during the year and since the	year	end were as	follows:
Trustees:	Mrs M C Barraclough,	Chair
	Dr SM Coulton (appointed		18November	2020)
	Mr K M Hoctor
	Mr SJ Hollingworth
	Ms K G Stoddart
	Ms J Lipsey (resigned	29 January 2021)
Secretary:	Mr TD Dale

			and Los	ses)
				Unrestricted	Restricted	Total
				funds	funds	2021
			Note
Income and Endowments		from:
Charitable activities				110,128	13,000	123,128
Other income				18,390		18,390
Total income				128,518	13,000	141,518
Expenditure on:
Charitable activities				(115,860)	(12,674)	(128,534)
Other expenditure				(687)		(687)
Total expenditure				(116,547)	(12,674)	(129,221)
Net income				11,971	326	12,297
Net movement in funds				11,971	326	12,297
Reconciliation offunds
Total funds brought	forward			16,570	3,500	20,070
Total funds carried	forward		18	28,541	3,826	32,367
				Unrestricted	Restricted	Total
				funds	funds	2020
			Note
Income and Endowments		from:
Charitable activities				198,853	3,500	202,353
Other income				8, 152		8,152
Total income				207,005	3,500	210,505
Expenditure on: Charitable activities				(212,351)	(15,040)	(227,391)
Other expenditure				(84)		(84)
Total expenditure				(212,435)	(15,040)	(227,475)
Net expenditure				(5,430)	(11,540)	(16,970)
Net movement in funds				(5,430)	(11,540)	(16,970)
Reconciliation offunds
Total funds brought	forward			22,000	15,040	37,040
Total funds carried	forward		18	16,570	3,500	20,070

			Bala	nce Sheet as at 31	March 2021
						2021	2020
					Note
Fixed assets
Tangible assets					12	4,547	1„136
Current assets
Debtors					13	19,630	22,581
Cash at bank	and in hand				14	76,504	1,808
						96,134	24,389
Creditors: Amounts		falling due within		one year		(67,226)	(5,455)
Net current	assets					28,908	18,934
Total assets	less current		liabilities			33,455	20,070
Creditors: Amounts		falling due after		more than one year	16	(1,088)
Net assets						32,367	20,070
Funds ofthe	charity:
Restricted income funds
Restricted funds					18	3,912	3,500
Unrestricted	income	funds
Unrestricted	funds					28,455	16,570
Total funds					18	32,367	20,070

3	income	from chari	table activities
					Unrestricted
					funds	Total
					General	2021
	Arts Council				101,606	101,606
	Digital Participation		Research 20/21		3,000	3,000
	Urban Explorers				3,000	3,000
	Step Sonic R&D				1,260	1,260
	SURGE	DIGITAL 2020/21			6,000	6,000
	PDSW 20/21				425	4'75
	Other				7,837	7,837
					123,178	123,128
				Unrestricted
				funds	Restricted	Total
				General	funds	2020
	Arts Council			157,600		157,600
	I Infinite	International		5,600		5,600
	I Infinite	Tour		2,155		2,155
	Urban Explorers			3,417	1,500	4,917
	Step Sonic R&D			20,105		20,105
	SURGE	(SOLO)		1,277		1„277
	SURGE	Live V2.0			2„000	2„000
	Other			8,699		8,699
				198,853	3,500	202,353
4	Other	income
					Unrestricted
					funds	Total
					General	2021
						f.
Theatre Tax Relief					18,390	18,390
					Unrestricted
					funds	Total
					General	2020f
Theatre Tax Relief					8,152	8,152

		Activity
		undertaken	Activity
		directly	support	costs	202 I
					'K
Digital Participation		2,612		94	2,706
I infinite	Tour	1,742		81	1„823
Urban Explorers		2,177		4	2,181
SURGE	DIGITAL 2020/21	6,972		1,644	8,616
SURGE	LIVE 2020/21	14,145		481	14,626
Other		3,475		95,107	98,582
		31,123		97,411	128,534
		Activity
		undertaken	Activity
		directly	support	costs	2020
					f.
I Infinite	International	3,913		2,793	6,706
I infinite	Tour	767		430	1,197
Urban Explorers		19„946		4,129	24,075
Step Sonic RAD		63,832		11,101	74,933
SURGE	(SOLO)	729		476	1,205
Other		23,733		95,542	119,275
		112„920	114,471		227,391
		Unrestricted
		funds	Restricted		Total
		General	funds K		2021f
Digital Participation		2,612			2,612
I Infinite	Tour	1,742			1„742
Urban Explorers		677		1,500	2,177
SURGE	DIGITAL 2020/21	6,972			6,972
SURGE	LIVE 2020/21	12,145		2,000	14,145
Other		3,475			3„475
Support	costs	97,411			97.411
		125,034		3,500	128,534

		Unrestricted	funds	Restricted	Total
		Designated	General	funds	2020
				f,
I Infinite	International		3,913		3,913
I Infinite	Tour		767		767
Urban Explorers		6,586	13,360		19,946
Step Sonic RkD			48,792	15,040	63,832
SURGE	(SOLO)		729		729
Other			23,733		23,733
Support	costs		114,471		114,471
		6,586	205,765	15,040	227,391

6 Other ex	penditure
				Unrestricted
				funds	Total
				General	funds
			Note
Depreciation,	amortisation	and other similar costs		687		687
Total for 2021				687		687
Total for 2020				84		84

Charitable	activities	expenditure
				Unrestricted
				funds	Total
				General	2021
			Basis ofallocation
Rent			%ofdirect costs	1,584	1,584
Rates			%ofdirect costs	400	400
Light„Heat	&Power		%ofdirect costs	127	127
Insurance			%ofdirect costs	762	762
Telephone			%ofdirect costs	786	786
Storage costs			%ofdirect costs	1,690	1,690
ITcosts			%ofdirect costs	2,893	2,893
Postage, Printing &		Stationary	%ofdirect costs	429	429
Sundry costs			%ofdirect costs	2,199	2,199
Travel			%ofdirect costs	1,325	1„325
Accountancy			%ofdirect costs	3,366	3,366
Loan interest			%ofdirect costs	198	198
Advertising			%ofdirect costs	125	125
Salaries			%ofdirect costs	76,760	76,760
Employers'	National	Insurance	%ofdirect costs	2,956	2.956
Staff pensions			%ofdirect costs	1,741	1,741
Staff training			%ofdirect costs	70	70
				97,411	97,411

							Unrestricted
							funds	Total
							General	2020
						Basis ofallocation
Rent						%ofdirect costs	2,451	2,451
Light, Heat	& Power					%ofdirect costs	1,648	1,648
Insurance						%ofdirect costs	1,014	1,014
Telephone						%ofdirect costs	694	694
Storage costs						%ofdirect costs	1,716	1,716
ITcosts						%ofdirect costs	3,123	3,123
Postage, Printing & Stationary						%ofdirect costs	699	699
Sundry costs						%ofdirect costs	7,281	7,281
Travel						%ofdirect costs	20,015	20,015
Accountancy						%ofdirect costs	4, 158	4,158
Advertising						%ofdirect costs	1,196	1,196
Salaries						%ofdirect costs	65,500	65„500
Employers'	National Insurance					%ofdirect costs	3,062	3,062
Staff pensions						%ofdirect costs	1,504	1,504
Staff training						%ofdirect costs	410	410
							114,471	114,471
Governance			costs
						Unrestricted
						funds	Total	Total
						General	2021	2020
Independent		examiner		fees
Examination			ofthe	financial	statements	1,776	1,776	1,740
Other fees		paid to examiners				1,590	1,590	2,418
						3,366	3,366	4,158

		2021	2020
Staff costs during	the year were:
Wages and salaries		76,760	65,500
Social security costs		2,956	3,062
Pension costs		1,741	1,504
		81,457	70,066

2021	2020
No	No

10 Independent exa	miner's	remuneration
			2021	2020
Examination ofthe financial		statements	1,776	1,740
Other fees to examiners
All other tax advisory	services		1,200	750
All other services			390	1,668
			1,590	2,418

12 Tangible fi	xed assets
				Furniture and
				equipment	Total
Cost
At I April 2020				1,220	1,220
Additions				4,098	4,098
At 31 March 2021				5,318	5,318
Depreciation
At I April 2020				84	84
Charge for the year				687	687
At 31 March 2021				771	771
Net book value
At 31 March 2021				4,547	4,547
At 31 March 2020				1,136	1,136
13 Debtors
				2021	2020
Trade debtors					1,788
Prepayments				1,244	616
Other debtors				18,386	20,177
				19,630
14 Cash and cash equivalents
				2021	2020
Cash at bank				76,504	1,808
]5 Creditors:	amounts	falling due within	one year
				2021	2020
Bank loans				2,610
Trade creditors				1,420
Other taxation	and social	security		1,748	1,584
Other creditors				339	1,381
Accrual s				1,776	2,490
Deferred income				59,333
				67,226	5,455

					2021
Resources deferred	in the period				59,333
Deferred income at	year end				59,333
Income is deferred	and then released	in the period	in which	it is attributable.

18 Funds
				Balance at I	Incoming	Resources	Balance	at 31
				April 2020	resources	expended	March	2021
Unrestricted funds
General
General				16,570	128,518	(116,633)	28,455
Restricted funds
Urban Explorers				1,500		(1,500)
SURGE Live V2.0				2,000		(2,000)
Digital Participation		research	and
equipment					3,000	(2,795)		205
SURGE Digital					6,000	(6,000)
Urban Explorers 2020/21					4,000	(293)		3,707
Total restricted	funds			3,500	13,000	(12,588)		3,912
Total funds				20,070	141,518	(129,221)	32,367

			Unrestricted		Total funds at
			funds	Restricted	31 March
			General	funds	2021
Tangible	fixed	assets	4,547		4,547
Current	assets		92,222	3,912	96,134
Current	liabilities		(67,226)		(67,226)
Creditors	over	1 year	(1,088)		(1,088)
Total net assets			28,455	3,912	32,367