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|---|---|---|---|---|
|Report ofthe Trustees||1|to|9|
|Independent<br>Examiner's|Report||10||
|Statement ofFinancial|Activities||||
|Statement ofFinancial|Position||12||
|Statement ofCash Flows|||||
|Notes to the Statement|ofCash Flows||14||
|Notes to the Financial Statements||15|to|21|
|Detailed Statement ofFinancial Activities|||22||





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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|
|||||||funds|funds|
||||||Notes||E|
|INCOME AND ENDOWMENTS||||FROM||||
|Donations|and legacies|||||340,235|297,702|
|Charitable|activities|||||||
|Learning||||||33,597|19,711|
|Production||||||17,850|1,510|
|Agency||||||110,818|221,034|
|Total||||||502,500|539,957|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Learning||||||209,646|143,222|
|Production||||||95,432|91,296|
|Agency||||||100,049|211,108|
|Total||||||405,127|445,626|
|NET INCOME||||||97,373|94,331|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought|||forward|||219,942|125,611|
|TOTAL FUNDS CARRIED FORWARD||||||317,315|219,942|





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|||||STATEMENT OF CASH FLOWS||
|---|---|---|---|---|---|
|||FOR||THE YEAR ENDED 31 MARCH 2022||
|||||2022|2021|
|||||Notes|E|
|Cash flows from operating|activities|||||
|Cash generated<br>from operations||||158,361|74,744|
|Net cash provided<br>by operating||activities||158,361|74,744|
|Change<br>in cash and cash|equivalents||in|||
|the reporting<br>period||||158,361|74,744|
|Cash and cash equivalents|at|the||||
|beginning<br>ofthe reporting|period|||180,785|106,041|
|Cash and cash equivalents|at|the end|of|||
|the reporting<br>period||||339,146|180,785|





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|||NOTES TO THE STATEMENT OF CASH FLOWS<br>FOR THE YEAR ENDED 31 MARCH 2022|NOTES TO THE STATEMENT OF CASH FLOWS<br>FOR THE YEAR ENDED 31 MARCH 2022|||
|---|---|---|---|---|---|
|RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM OPERATING||ACTIVITIES||
|||||2022|2021|
|Net income|for the|reporting|period (as per the Statement ofFinancial|||
|Activities)||||97,373|94,331|
|Adjustments|for:|||||
|Depreciation|charges|||92|123|
|Decrease<br>in|debtors|||2,609|2,029|
|Increase/(decrease)||in creditors||58,287|(21,739)|
|Net cash provided||by operations||158,361|74,744|



|2.|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1.4.21|Cash flow|At 31.3.22|
||||F|E|F|
||Net cash|||||
||Cash at bank||180,785|158,361|339,146|
||||180,785|158,361|339,146|
||Total||180,785|158,361|339,146|





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|INCOME|FROM CHARIT|ABLE ACTIVITIES|||
|---|---|---|---|---|
||||2022|2021|
|||Activity|F|E|
|Learning|income|Learning|33,597|19,711|
|Production|income|Production|17,850|1,510|
|Agency income||Agency|110,818|221,034|
||||162,265|242,255|



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||||||Support||
|---|---|---|---|---|---|---|
|||||Direct|costs (see||
|||||Costs|note 6)|Totals|
|||||F|E|F|
|Learning||||156,201|53,445|209,646|
|Production||||71,103|24,329|95,432|
|Agency||||100,049||100,049|
|||||327,353|77,774|405,127|
|SUPPORT COSTS|||||||
|||||Governance|Finance|Totals|
||||||E|F|
|Learning||||53,321|124|53,445|
|Production||||24,272|57|24,329|
|||||77,593|181|77,774|
|Support costs, included||in the above, are as follows:|||||
|GOVERNANCE|||||||
||||||2022|2021|
||||||Total|Total|
||||Learning|Production|activities|activities|
||||E|E||E|
|Wages|||35,074|15,966|51,040|53,541|
|Social security|||2,075|944|3,019|1,526|
|Pensions|||746|340|1,086|1,429|
|Rent|||1,109|504|1,613|1,613|
|Insurance|||1,664|758|2,422|1,855|
|Telephone|||1,231|561|1,792|1,924|
|Postage and|stationery|||||964|
|Advertising|||1,060|482|1,542|9,198|
|Sundries|||2,111|961|3,072|151|
|Subscriptions||||||478|
|Storage|||1,112|506|1,618||
|Travel|||183|83|266|38|
|Audit and accountancy|||2,855|1,300|4,155|2,631|
|Professional|fees||4,038|1,838|5,876|2,151|
|Depreciation|oftangible|assets|63|29|92|123|
||||53,321|24,272|77,593|77,622|





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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Wages and salaries||||51,040|53,541|
|Social security costs||||3,019|1,526|
|Other pension costs||||1,086|1,429|
|||||55,145|56,496|
|Learning||||||
|The average<br>monthly|number ofemployees||during the year was as follows:|||
|||||2022|2021|
|Production||||2|2|
|||||3|1|
|Support and administration||||3|4|
|No employees<br>received emoluments||in excess ofF60,000.||||
|TANGIBLE FIXEDASSETS||||||
||||||Computer|
||||||equipment|
||||||E|
|COST||||||
|At 1 April 2021 and 31 March 2022|||||871|
|DEPRECIATION||||||
|At 1 April 2021|||||504|
|Charge for year|||||92|
|At 31 March 2022|||||596|
|NET BOOK VALUE||||||
|At 31 March 2022|||||275|
|At 31 March 2021|||||367|





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|DEBTORS:AMOUNTS<br>F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2022|2021|
|Trade debtors||53,679|3,552|
|Other debtors||5,747|55,081|
|VAT|||3,368|
|Prepayments||2,031|2,065|
|||61,457|64,066|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2022|2021|
|||F|F|
|Trade creditors||5,686|1,303|
|Social security and other|taxes|(854)|3,489|
|VAT||10,327||
|Other creditors||11,164|10,734|
|Deferred income||55,000|5,100|
|Accrued expenses||2,240|4,650|
|||83,563|25,276|



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|Minimum|le|as|e payments<br>under|non-cancel|lable<br>operating lease|s fall due as foll|ows:||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||||E|
|Within|one year||||||538|538|
|MOVEMENT|||IN FUNDS||||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.4.21|in funds|funds|31.3.22|
||||||E|F|||
|Unrestricted|||funds||||||
|General|fund||||54,942|97,373|(90,000)|62,315|
|Designated||fund - Creative reserve|||165,000||90,000|255,000|
||||||219,942|97,373||317,315|
|TOTAL|FUNDS||||219,942|97,373||317,315|
|Net movement|||in funds, included|in the above are as follows:|||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||E|E|E|
|Unrestricted|||funds||||||
|General|fund|||||502,500|(405,127)|97,373|
|TOTAL|FUNDS|||||502,500|(405,127)|97,373|





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|Compar|ative|s<br>for movement<br>in funds|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.20|in funds<br>f|funds|31.3.21|
|Unrestricted||funds|||||
|General|fund||125,611|94,331|(165,000)|54,942|
|Designated||fund - Creative reserve|||165,000|165,000|
||||125,611|94,331||219,942|
|TOTAL|FUNDS||125,611|94,331||219,942|



|Compara|tive|net movement<br>in funds,<br>include|d<br>in the above are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|||||F||
|Unrestricted||funds||||
|General|fund||539,957|(445,626)|94,331|
|TOTAL|FUNDS||539,957|(445,626)|94,331|



|A curren|t ye|ar 12 months<br>and prior year 12|months combined<br>po|sition<br>is as follo|ws:||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.20|in funds|funds|31.3.22|
||||E||E||
|Unrestricted||funds|||||
|General|fund||125,611|191,704|(255,000)|62,315|
|Designated||fund - Creative reserve|||255,000|255,000|
||||125,611|191,704||317,315|
|TOTAL|FUNDS||125,611|191,704||317,315|



||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||E||
|Unrestricted||funds||||
|General|fund||1,042,457|(850,753)|191,704|
|TOTAL|FUNDS||1,042,457|(850,753)|191,704|





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||FOR THE YEAR ENDE|D 31 MARCH 2022||
|---|---|---|---|
|||2022|2021|
|||Unrestricted|Total|
|||funds|funds|
||||F|
|INCOME AND|ENDOWMENTS|||
|Donations<br>and legacies||||
|Donations||33,231|43,103|
|Grants||307,004|254,599|
|||340,235|297,702|
|Charitable<br>activities||||
|Agency income||110,818|221,034|
|Production<br>income||17,850|1,510|
|Learning<br>income||33,597|19,711|
|||162,265|242,255|
|Total incoming|resources|502,500|539,957|
|EXPENDITURE||||
|Charitable<br>activities||||
|Agency costs||100,049|211,108|
|Production<br>costs||71,103|61,028|
|Learning costs||156,201|95,741|
|||327,353|367,877|
|Support costs||||
|Governance||||
|Wages||51,040|53,541|
|Social security||3,019|1,526|
|Pensions||1,086|1,429|
|Rent||1,613|1,613|
|Insurance||2,422|1,855|
|Telephone||1,792|1,924|
|Postage and|stationery||964|
|Advertising||1,542|9,198|
|Sundries||3,072|151|
|Subscriptions|||478|
|Storage||1,618||
|Travel||266|38|
|Audit and accountancy||4,155|2,631|
|Professional fees||5,876|2,151|
|Depreciation|oftangible assets|92|123|
|||77,593|77,622|
|Finance||||
|Bank charges||181|127|
|Total resources|expended|405,127|445,626|
|Net income||97,373|94,331|