2021-03-31-accounts - Severn Arts

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	26
Detailed Statement ofFinancial Activities	27	to	28

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6	5	2
INCOME AND ENDOWMENTS	FROM
Donations and legacies			151,075	1,094,710	1,245,785	1,207,923
Charitable activities
Music Education			295,785	5,349	301,134	904,964
Arts Development			10,840	23,203	34,043	37,348
Other income			236,638		236,638
Total			694,338	1,123,262	1,817,600	2,150,235
EXPENDITURE ON
Charitable activities
Music Education Arts Development			658,593 121,783	805,114 86,'175	1,463,707 187,938	1,646,299 174,239
Festivals			8,195	282,374	290,569	212,877
Total			788,551	1,153,663	1,942,214	2,033,415
NET INCOME/(EXPENDITURE)			(94,213)	(30,401)	(124,614)	116,820
Transfers between funds		19	~3941	~3,941)
Net movement in funds			(90,272)	(34342)	(124,614)	116,820
RECONCILIATION OF FUNDS
Total funds brought forward			1,201,391	105,939	1,307,330	1,190,510
TOTAL FUNDS CARRIED FORWARD			1,111,119	71597	1,182,716	1,307,330

		31st	INarch 2021
					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6	6	6
FIXEDASSETS
Tangible assets		13	492,005	6,950	498,955	528,263
CURRENT ASSETS
Debtors: amounts	falling due within one year	14	158,396	24,346	182,742	298,917
Cash at bank and	in hand		891,367	50,156	941,523	984,730
			1,049,763	74,502	1,124,265	1,283,647
CREDITORS
Amounts falling due within one year		15	(154,461)	(9,854)	(164,315)	(261,722)
NET CURRENT ASSETS			~895302	~64648		1,021,925
TOTAL ASSETS	LESSCURRENT LIABILITIES		1,387,307	71,598	1,458,905	1,550,188
CREDITORS
Amounts falling due after more than one year		15	(276,189)		(276,189)	(242,858)
NET ASSETS			1,111,118	71,598	1,182,716	1,307,330
FUNDS		19
Unrestricted funds Restricted funds					1,111,118 ~71598	1,201,391 105,939
TOTAL FUNDS					1,182,716	1,307,330

			Cash Flow for the Year Ended	Statement 31stMarch 2021
				2021	2020
			Notes	6	6
Cash flows from operating		activities
Cash generated from operations Interest paid				4,245 ~6,334	59,029 ~17,071)
Net cash (used in)/provided		by operating	activities	~2,129)	51,958
Cash flows from investing		activities
Purchase oftangible fixed assets				(17,266)	(40,205)
Sale oftangible fixed assets					240
Net cash used in investing	activities			~17266)	~39,965)
Cash flows from financing WCC loan repayments		activities		23,812	~57142)
Net cash used in financing	activities			~23,812)	~57,142)
Change in cash and cash		equivalents	In
the reporting period				(43,207)	(45,149)
Cash and cash equivalents		atthe
beginning ofthe reporting		period		984,730	1,029,879
Cash and cash equivalents		atthe end	of
the reporting period				941,523	984730

ACTIVITIES
							2021	2020
							6
Net (expenditure)/income			for the reporting	period	(as per the
Statement ofFinancial Activities)							(124,614)	116,820
Adjustments	for:
Depreciation	charges						46,574	44,842
Loss on disposal offixed assets								5,988
Interest paid							6,374	17,071
Decrease/(increase) Decrease in creditors		in debtors					116,175 ~40,264	(112,303) ~3,389)
Net cash provided		by operations					~4245	69,029
ANALYSIS OF CHANGES			IN NET FUNDS
							Other
							non-cash
				At 1,4.20		Cash flow	changes	At 31.3.21
						6	5
Net cash
Cash at bank
and in hand				984,730		43207		~941 523
				984,730		43,207		941,523
Debt
Debts falling	due
within 1 year					(57,143)	23,812	33,331
Debts falling	due
after 1 year				~242 858			~33331	~276,189
				~300,001		23,812		{276,189)
Total				684,729		19,395		~665334

DIRECT COST	S OF CHARITABLE ACTIVITIES
		2021f	2020f
Staff costs		1,422,836	1,423,461
Subcontracted	staff costs	13,738	3,104
Instrument consumables		141	5,374
Workshop expenditure		103	3,170
External funding	and bursary	27,143	25,641
Project costs		193,956	165,138
		1,657,917	1,625,888

SUPPORT	COSTS
							Governance
				Management f		Finance f	costs	Totals f
Music Education				221,695		1,328	6,306	229,329
Arts Development Festivals				47,845 ~2925			106 ~4092	47,951 7,017
				272,465		1,328	10,504	284,297
Support costs, included		in the	above, are as	follows:
							2021	2020
			Music	Arts			Total	Total
			Education	Development f		Festive Is	activities f	activities f
Rates and water			2,582		152	1,104	3,838	2,822
Insurance Light and heat			6,298 4,535		418 266	2,694 1,940	9,410 6,741	8,704 8,'766
Telephone			5,225		469	2,235	7,929	7,310
Advertising			11,127	2,579		1,576	15,282	36,019
Sundries			10,757			337	11,094	5,692
Service Charges			9,381		551	4,013	13,945	9,914
Rent			28,806	2,108		12.322	43,236	43,137
Travel Expenses			13,424				13,424	81,705
ITExpenses			49,788	2,022		2,708	54,518	51,222
Legal, HR and Professional			2,313		136	989	3,438	14,773
Accountancy	and Payroll		9,429		555	4,042	14,026	5,310
Recruitment	Costs							4,427
Conference	Costs		370				370	2,124
Subscriptions			2,145	1,404		1,770	5,319	1,739
Board Costs			819			15	834	1,148
Premises Costs			3,742		220	1,601	5,563	14,603
CPD Costs			8,530		51		8,581	6,709
Venue Hire			22				22	21,118
Safeguarding	Costs		1,105		195		1,300	5,796
Postage and	Stationary		435		26	186	647	2,560
Depreciation	oftangible	and
heritage assets			46,574				46,574	44,842
Loss on sale	oftangible
Axed assets								5,988
Interest payable and similar
charges			4,288		252	1,834	6,374	17,071
Bank charges			1,328				1,328
Auditors' remuneration			6,306		106	4,092	10,504	4,030
			229,329	11,510		43,458	~284 297	~407 527

							2021	2020
					Unrestricted	Restricted	Totai	Total
					funds	funds	funds	funds
					E	6	6
Donations					1,799	3,540	5,339	2,435
Grants					149,276	1,091,170	1,240,446	1,205,488
					151,075	1,094,710	1,245,785	1,207,923
Grants received,	included			in the above, are as	follows:
							2021	2020
								2
Music Education	Grant						736,780	738,225
Worcestershire	County		Council Funding				143,404	108,693
Cultural Development			Fund Grants				236,950	290,864
Arts Council England							56,242	32,808
The National Foundation				for Youth Music			24,915
West Merica Police							20,000	20,000
Without Walls Consortium Other Grants				Ltd			4,150 ~18005	14,898
							1,240,446	1,205,488
INCONIE FROM	CHARITABLE ACTIVITIES
							2021	2020
					Music	Arts	Total	Total
					Education	Development	activities	activities
							8
Sundry parent income					210		210	27,852
CPD income								1,530
Event income								8,773
Project income					5,139	34,043	39,182	35,641
Resources					14,025		14,025	27,135
Tuition					277,035		277,035	809,282
Subscriptions					4,643		4,643	24,160
Concerts					82		82	5,810
Rent and workshop		income						2,129
					301,134	34,043	335,177	942,312
CHARITABLE ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 6) F	note 7) f	Totals 6
Music Education						1,234,378	229,329	1,463,707
Arts Development Festivals						139,987 ~283552	47,951 7,017	187,938 ~290569
						1,657,917	284,297	1,942,214

COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
					6	6	8
INCOME AND ENDOWMENTS			FROM
Donations and legacies					8,926	1,198,997	1,207,923
Charitable activities
Music Education					904,964		904,964
Arts Development					16,329	21,019	37,348
Total					930,219	1,220,016	2,150,235
EXPENDITURE ON
Charitable activities
Music Education					514,180	1,132,119	1,646,299
Arts Development					163,186	11,053	174,239
Festivals					202,794	10,083	212,877
Total					880,160	1,153,255	2,033,415
NET INCOME					50,059	66,761	116,820
RECONCILIATION	OF FUNDS
Total funds brought		forward			1,151,332	39,178	1,190,510
TOTAL FUNDS CARRIED FORWARD					1,201,391	105,939	1,307,330
TANGIBLE FIXEDASSETS
				Fixtures
				and	Motor	Computer
			Instruments	fittings	vehicles	equipment	Totals
			8	8	6	8	6
COST
At 1st April 2020			499,499	71,719	3,500	39,191	613,909
Additions			2,885	4,659	6,600	3,122	17,266
At 31st March 2021			502,384	76,378	10,100	42,313	631,175
DEPRECIATION
At 1stApril 2020 Charge for year			64,384 28,554	13,801 ~8086	1,050 ~1470	6,411 ~8464	85,645 46,574
At 31st March 2021			92,938	21,887	2,520	14,875	132,220
NET BOOK VALUE
At 31stMarch 2021			409,446	54,491	7,580	27,438	498,955
At 31stMarch 2020			435,115	57,918	2,450	32,780	528,263

One tru	stee was reim	bursed travel expense	s off654 in the year (2020:one trus	tee f1,088).
STAFF	COSTS
				2021	2020
				8	2
Wages	and salaries			1,142,918	1,130,485
Social security costs				78,562	74,852
Other pension costs				201,356	218,124
				1,422,836	1,423,461
The average monthly		number ofemployees	during the year was as follows:
				2021	2020
Average	numberofe	mployees		84	81

MOVEMENT IN	FU	NDS
					Net	Transfers
					movement	between	At
				At 1.4.20	in funds f	funds	31.3.21 2
Unrestricted funds
General fund				436,932	(93,810)	(17,690)	325,432
Designated Funds				300,000			300,000
Assets transferred	from Worcestershire
County Council				464,459	(37,925)	21,631	448,165
WCC Arts Connect
					37,521		37,521
				1,201,391	(94,214)	3,941	1,111,118
Restricted funds
Music Education	Grant				2,885	(2,885)
Inspiring Future Through			The Arts	468	10,164		10,632
Worcestershire Arts		Partnership		636	(956)	320
Cultural Educational		Programme		3,628	1,642		5,270
Bursary Fund				2,098	3,485	(2,238)	3,345
Cultural Development		Fund		79,718	(73,517)	862	7,063
Space Hive				17,391	(5,548)		11,843
Worcestershire Children's			Fimt	2,000	(2,000)
Furthering Talent					7,724		7,724
Youth Music					25,456		25,456
Sundry Restricted	Donations				265		265
				105,939	(30,400)	~3,941)	71,598
TOTAL FUNDS				1,307,330	~124,614)		1,182,716
Net movement in	funds,		included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds f
Unrestricted funds
General fund					535,082	(628,892)	(93,810)
Assets transferred	from Worcestershire
County Council						(37,925)	(37,925)
WCC Arts Connect
					159,256	~121735	~37521
					694,338	(788,552)	(94,214)
Restricted funds
Music Education	Grant				736,781	(733,896)	2,885
Inspiring Future Through			The Arts		20,467	(10,303)	10,164
Worcestershire Arts		Partnership			(10)	(946)	(956)
Cultural Educational Bursary Fund		Programme			4,000 3,485	(2,358)	1,642 3,485
Cultural Development		Fund			261,332	(334,849)	('73,517)
Space Hive					199	(5,747)	(5,548)
Arts Council TPS	Grant				56,242	(56,242)
Worcestershire Children's			First			(2,000)	(2,000)
Furthering Talent					13,920	(6,196)	7,724
Youth Music					26,581	(1,125)	25,456
Sundry Restricted	Donations				265		265
					~1123262	1153662	30,400
TOTALFUNDS					1,817,600	J1,942,214)	124,614

DEBTORS:AMOUNT	S F	ALLING DUE WITHIN ONE YEAR
			2021	2020
			6	8
Trade debtors			14,768	48,614
Prepayments and accrued		income	167,974	250,303
			~182742	298,917
CREDITORS: ANIOUNTS		FALLING DUE WITHIN ONE YEAR
			2021 8	2020 f
Other loans (see note	17)			57,143
Trade creditors			22,791	8,245
Social security and other taxes			18,219	21,770
Other creditors			22,439	25,018
Accruals and deferred	income		100,866	149,546
			164,315	261,722

2021	2020
8	5
276,189	242,858

instalment	s, is	as follows:
				2021 6	2020f
Amounts	falling	due within	one year		57,143
Amounts Amounts	falling falling	between one and five years due in more than five yearn		228,571 ~47618	228,572 14,286
				276,189	300,001

Comparatives for m	o	ve	m	ent in fun	ds
							Net	Transfers
							movement	between	At
						At 1.4.19	in funds f	funds f	31.3.20 F
Unrestricted funds
General fund						353,727	83,205		436,932
Designated Funds						300,000			300,000
Assets transferred from Worcestershire County Council						497,605	~33,146)		464,459
						1,151,332	50,059		1,201,391
Restricted funds
The Sheila Trust Fund						282	(282)
Inspiring Future Through			The Arts			726	(258)		468
Jump Start Worcestershire Arts	Partnership					1,929 2,544	(2,373) (1,908)	444	636
Cultural Educational	Programme					5,000	(1,372)		3,628
Arts Services - Voices		and		Vision		28,597	(28,153)	(444)
Bursary Fund						100	1,998		2,098
Cultural Development		Fund					79,718		79,718
Space Hive							17,391		17,391
Worcestershire Children's				First			2,000		2,000
						39,178	66,761		105,939
TOTAL FUNDS						1,190,510	116,820		1,307,330
Comparative net movement				in funds,	included	in the above are as follows:
							Incoming	Resources	Movement
							resources F	expended f	in funds f
Unrestricted funds
General fund							930,219	(847,014)	83,205
Assets transferred from Worcestershire County Council								~33,146)	~33,146)
							930,219	(880,160)	50,059
Restricted funds
Music Education Grant							738,225	(738,225)
The Sheila Trust Fund								(282)	(282)
Inspidng Future Through			The Arts				20,450	(20,708)	(258)
Jump Start							2,367	(4,740)	(2,373)
Worcestershire Arts	Partnership						250	(2,158)	(1,908)
Cultural Educational	Programme						6,000	(7,372)	(1,372)
Arts Services - Voices		and		Vision			108,693	(136,846)	(28,153)
Bursary Fund							1,998		1,998
Cultural Development		Fund					288,864	(209,146)	79,718
Space Hive							17,391		17,391
Arts Council TPS Grant							32,808	(32,808)
Malvern Civic Society							200	(200)
Income for Trips							20	(20)
Ensemble Funding Worcestershire Children's				First			750 ~2000	(750)	2,000
							~1220,016	~1,153,255)	66,761

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds f	funds 5	funds	funds E
INCOME AND	ENDOWMENTS
Donations and		legacies
Donations				1,799	3,540	5,339	2,435
Grants				149,276	1,091,170	1,240,446	1,205,488
				151,075	1,094,710	1,245,785	1,207,923
Charitable activities
Sundry parent	income				210	210	27,852
CPDincome							1,530
Event income							8,773
Project income				10,840	28,342	39,182	35,641
Resources				14,025		14,025	27,135
Tuition				277,035		277,035	809,282
Subscriptions				4,643		4,643	24,160
Concerts				82		82	5,810
Rent and workshop			income				2,129
				306,625	28,552	335,177	942,312
Other income
Government Grants			- CJRS	236,638		236,638
Total incoming		resources		694,338	1,123,262	1,817,600	2,150,235
EXPENDITURE
Charitable activities
Wages				482,159	660,759	1,142,918	1,130,485
Social security				21,644	56,918	78,562	74,852
Pensions				22,254	179,102	201,356	218,124
Subcontracted	staff costs			13,738		13,738	3,104
Instrument consumables					141	141	5,374
Workshop expenditure				103		103	3,170
External funding Project costs		and	bursary	19,903 ~49 147	7,240 ~144809	27,143 ~193956	25,541 165,138
				608,948	1,048,969	1,657,917	1,625,888
Supportcosts
Management
Rates and water				2,734	1,104	3.838	2,822
Insurance				5,597	3,813	9,410	8,704
Light and heat				4,801	1,940	6,741	8,766
Telephone				4,704	3,225	7,929	7,310
Advertising				11,405	3,877	15,282	36,019
Sundries				4,581	6,513	11,094	5,692
Service Charges				9,932	4,013	13,945	9,914
Rent				18,829	24,407	43,236	43,137
Travel Expenses				3,554	9,870	13,424	81,705
IT Expenses				32.321	22,197	54,518	51,222
Legal, HR and		Professional		865	2,573	3,438	14,773
Carried forward				99,323	83,532	182,855	270,064

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds f	funds	fundsf
Management
Brought forward Accountancy and Payroll			99,323 7,222	83,532 6,804	182,855 14,026	270,064 5,310
Recruitment	Costs					4,427
Conference	Costs		370		370	2,124
Subscriptions			3,549	1,770	5,319	1,739
Board Costs			819	15	834	1,146
Premises Costs			3,962	1,601	5,563	14,603
CPD Costs			1,222	7,359	8,581	6,709
Venue Hire			22		22	21,118
Safeguarding		Costs	1,300		1,300	5,796
Postage and		Stationary	411	236	647	2,560
Depreciation		oftangible and heritage assets	45,804	770	46,574	44,842
Loss on sale oftangible fixed assets Interest payable			4,540	1,834	~6374	5,988 17,071
			168,544	103,921	272,465	403,497
Finance
Bank charges			1,328		1,328
Governance		costs
Auditors' remuneration			9,732	772	10,504	4,030
Total resources		expended	788,552	1,153,662	1,942,214	2,033,415
Net income/(expenditure)			~04244	~20.400)	~42 .6 )	116020