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2021-05-31-accounts

Page
Report ofthe Directors and Trustees 1to 5
Independ ant Examiner's
Report		 6to7
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows 10
Notes to the Financial Statements 11to 17
Detailed Statement of Financia
IActivities		 1gto19

2021 2020
Unrestricted R stricted 1'otal Total
funds funds funds funds
Notes E
INCONRN0
RESOURCES
incoming resources
Donations and legacies 2 51.336 77,691 129,027 162,096
Charitable
actiwties		 3 858,230 858,230 876,799
investment
income		 4 34 34 20
Other 1.116 1,116 7,114
Total Incoming resources 910,716 77.691 988,407 13)46,029
RESOVRCE5 EXPENDED
Costs ofraising fun ds 5 32,080
Charitable
activities		 6 406,802 16,273 423,075 431,085
Dther resources expended 7 439.156 79,220 518,376 495,171
Total resources expended 845,958 95,493 941,451 958,336
NET INCOME (27802) 46.956 87,693
Net movement
in funds		 64,758 (172102) 46,956 87,693
RECONGLIATION
OF FUNDS
Total funds brought forward 79,934 27,975 107,909 20,216
TOTAL FUNDS CARRIED FORWARD 17 144,692 10.173 154,865 1D7,909

Balance S
At 31tray		 heet
2021
2021 2020
Unrestricted Re st rkt ed Total Total
funds funds funch funds
Notes E E E
FIREDAS5ETS
Tangible assets 12 15,554 15,554 19,107
15,554 15.554 19,107
CLIRRENT ASSETS
Stock 125,405 125,4D5 117.224
Debtors 13 47,487 47,487 3.666
Cash at bank and in hand 157,643 19,173 176,816 153.151
330.535 19,173 349108 214041
CREDITORS
AmountS falling due within one year 14 (54,170) (9.000) f63,170) )45,612)
NET CURRENT ASSETS 276,365 10,173 286,538 228.429
TOTAL ASSETS LESSCURRENT
LIABILITIES 291,919 10,173 302,092 248,136
CREDITORS
Amounts
falling due after one year		 15 f147,227) f147.227) (140.227)
16 144.692 10,173 154,865 107,909
FUNDS 17
Unrestrirted
funds		 144,692 79.934
Restricted funds 10,173 21,975
TOTAL FUNDS 1&.865 107,9D9

alotes 2021
6
Cash flows from operadng
actlWtfes
lyet cash income 46,956 87,693
Adjustmenta
tO Caah Aows from nan4aah		 items
0epreclauon 12 12.083 9,629
Investment
income		 (34) (20)
59,005 97.302
Working capital adjustmants
(increase) in stock (8,181) (31.700)
(Increase)/decrease in debtors 13 (43,821) 81.405
Increase/(decrease) in creditors 14 17,558 (30.273)
Net cash flows from operating activities 24,561 116.734
Cash flows fram investing activities
Interest receivable 20
Purchase of tangible Axed assets 12 (7,930) (8.249)
(7,896) (8.229)
Cash fiaw from financfng activftfes
Receipts from issue ofnew iong-term loans 15
Repayment
of existing long-term
loans		 15 (43.000)
Net increase ln cash and cash equivalents 23.665
Cash and cash equivalents
at 31srlay 2020		 153.151
Cash and cash equivalent
at 31May 2021		 176,816 153,151

2021 2020
E E
32,080

2021 2020
E E
Goods purchased Ior resale 349,862 241,777
Miscellaneous purchases 2,729 1,814
Packaging
and		 carriage —Retail sales 8.800 9,783
Marketing
and		 PR 15,251 37,442
Courier fees 5.799 3,912
Package and Carriage —Trade sales 39,612 53,447
Artist rnatedals 1.022 1,910
423075 431085

2021 2020
Notes E
Support costs 8 120,644 11D,108
Management
and administration		 9 397,732 385,063
518,376 495,171
SUPPORT COSTS
2021 2020
4 E
Rent and rates 48,294 40,415
Heat. light and power 5,028 4.776
Travelling expenses 2,128 5,691
Pri~ting and stationery 13,628 11,908
Telephone and computer 35,175 32,228
Maintenance,
equipment		 hire and rental 10.693 8,284
General expenses 5,698 6,806
120.644 110.108

2021 2020
E E
Gross eoOes 390,224 350,242
Bank charges 2,592 2,489
Professions Ifees 8,333 LS37
Independent examiners fees 2,000
Depreciation 12,083 9,629
Auditor's
fees		 Z,MO
Bad debts (17,5DD) 19.166
397.732 385,063

2021 20ZO
Wages and salaries 337,810 307,737
Social Security 29,734 19,270
Pension 19,610 20,835
Other staff costs 3,D70 2.400
390,224 350,242

Furniture Offke
aud futures equipmem Totah
E E E
At 1Iune 2020 28,922 3,490 32,412
Additions 2,962 4,968 7.930
At 31May 2021 31,884

2, TANGIBLE FIXEDASS ET S(continued)
Furniture Oigce
and Rxtures
f		 equipment
f		 Toteb
f
DEPRECIATION
At 1tune 2020 1lAl91 814 12,705
Charge for year 10c130 1.953 12,083
At 31May 2021 22.021 2,767 24,788
NET BOOK VALUE
At 31May 2021 9,863 5,691 15,554
At 31May 2020 17,031 2,676 19.707
13, DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
f
Trade debtors 25,436 2.066
Prepayments
and other		 debtors 22,051 1.600
47,487 3.666
14. CREPITORSt AMOUNT5 FALLING DUE WITHIN ONE YEAIt
2021 2020
f
Trade creditors 13,890 6,039
Social security and other tates 24,505 34.982
Accruals and deferred income 13,092 2.185
Other creditors 11,683 2,406
63.170 45,612
15, CREDITORSr AMOUNTS AFTER ONE YEAR
2021 2021
f f
Other creditors 97,227 97,227
Loans 50,000 43,000
147,227 140,227

ANALYStg O f FIETASS ETS RETWEEN fUNDS
2021 2020
Unrestricted Restricted Total Total
Funds funds funds funch
E E
Fixed assets 15,554 15,554 19,707
Current amets 330,535 19,173 349,708 274,041
Current
liabilities		 (54,170) (9,00D) (63,170) (45,612)
Long term liebigties (147,227) (147,227) (140.227)
144,692 10,173 154,865 107,909
MOVEMENT IN FUlsDs —cvRRENT YEAR
Net Transfers
crmye me at m between
At93.5,2020 funds funds At 31.8 2022
g
Unrestricted furlds
Genera
I fund		 79,934 144,692
8estcfcted fun ch
Awards for all 4.722 4.722
Fundrai
sing		 417 417
The National Lottery
Community Fund 22,336 (18,8D2) 3.534
Artist fund 500 128)0 1,500
27975 ~, 17,8DZ) 10,173
TOTALFUNOS 107,909 46,956 154,865
Incoming Resaurces Net
resources capended moea mant
8 E E
Unrestricted funds
General fund 910,716 (845,958) 64,758
Restricted
funds
Awards for all
Fun dr a is mg
The National Lottery
Community
Fund		 7tL691 (95,493) (18,802)
Artist fund 32X)0 VK6
77,691 (95,493) 17.802

Net Transfers
movement
in		 between
At3C5.2019 funds funds At31$.2020
6 6 E
Unrestrkted funds
Generai fund 10,039 69,895 79,934
Restricted funds
Awards for ag 9,760 (5,038) 4,722
Fund raising 417 417
The National Lottery
Community Fund 22,336 22,336
Artist fund 50D
10,177 17,798 27,975
TOTALFUNOS 2D,216 87,693 107,909
Incoming Resources Net
resources mspended movement
E E E
Unrestricted funds
General fund 971,321 (901,426) 69,895
Restricted funds
Awards for all (5,038) (5,038)
F un dra is in8
The National Lottery
Community Fund 74.208 (51872) 22,336
Artist fund 500
74,708 (56,910) L7,798

forthe Year Ended 31islay 2021
2021
INCOMING
RESOIfRCES
Donarkns and legades
Donations 129.027 162.096
129,027 162ARIS
Other income
Gift aid recoverable 1,116 7.114
Investment
income
Bank interest 34 20
34
Incoming resources from charltabk acthrfties
Shop sales 22,607 44,384
Commissions 27,639
Online retail sales 296,546 112.956
Trade sales 452,487 552.365
Art sesdons 68,590 139ASS
858.230 876,799
Total incoming resources 1.046.029
RESOURCES EXPENDEO
Costs ofraising funds
Fundrai
sing
espenses		 32,080
Char i tab k actnriti
as
Goods purchased
for resale		 349.862 241777
Misceganeous purchases 2.729 1,814
Packaging
and		 carriage fk800 90.783
Marketing
and		 PR 15,251 37,442
Courier costs 5.799 3,912
Packaging
and		 carriage 39,612 53,447
Artist materials lAQ2 b910
423.075 431,085

2021
E
Support costs
Rent and rates 48,294 40,4)5
Heat, light and power 5.028 4.776
Travelling
expenses		 2,128 5,691
Printing and stationery 13.628 11,908
Telephone
and computer		 35.175 32,228
Maintenance,
equipment		 hire and rental 10,693 8.284
General expenses 5.698 Sx906
120,644 110,108
Managamellt
and adminhtradon
Gross wages 390,224 350.242
Bank charges 2.592 2i489
Professional fees 8,333 1,537
independent
examiner's		 fees 2AI00
Depredation 12.083 9,629
Auditols
fees		 2,000
Bad debts I17,500) 19,166
397.732
Total resources expended 941,451 958.336
Net income 46,956 87,693