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||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|
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|||||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|
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|2021|2020|
|---|---|
|E|E|
||32,080|
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||||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|
##
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||||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|
##
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||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||
##
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|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||
##
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##
||||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|