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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|7|
|Report ofthe Independent<br>Auditors|8|to|10|
|Statement<br>ofFinancial Activities||||
|Balance Sheet||12||
|Cash Flow Statement||13||
|Notes to the Cash Flow Statement||||
|Notes tothe Financial Statements|15|to|29|
|Detailed Statement ofFinancial Activities|30|to|31|





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|||fo|r the Year E|nded 31stMarch|2022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds<br>f|funds<br>2|funds<br>6|funds<br>2|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legades|||4|116,743|1,678,150|1,794,893|1,245,785|
|Charitable<br>activities||||||||
|Music Education||||688,745|44,150|732,895|301,134|
|Arts Development||||6,850|1,000|7,850|34,043|
|Festivals|||||18,712|18,712||
|Other income||||24,747||24,747|236,638|
|Total||||837,085|1,742,012|2,579,097|1,817,600|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Music Education||||771,979|915,191|1,687,170|1,463,857|
|Arts Development||||116,828|18,528|135,356|187.938|
|Fesbvals|||||768,112|768,112|290,419|
|Total||||888,807|1,701,831|2,590,638|1,942,214|
|NET INCOMEI(EXPENDITURE)||||(51,722)|40,181|(11,541)|(124,614)|
|Transfers between|funds||20|(4,941)|4,941|||
|Net movement<br>in funds||||(56,663)|45,122|(11,541)|(124,614)|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||1,111,118|71,598|1,182,7'I6|1,307,330|
|TOTAL FUNDS CARRIED FORWARD||||1 054r455|116,720|1;171,175|1,182716|





|||Severn Arts|Severn Arts||||
|---|---|---|---|---|---|---|
|||Balance Sheet|||||
|||31st|March 2022||||
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds<br>6|funds<br>f|funds<br>6|fundsf|
|FIXEDASSETS|||||||
|Tangible assets|||458,874|5,630|464,504|498,955|
|CURRENT ASSETS|||||||
|Debtors: amounts|falling due within one year|15|288,800|9,274|298,074|182,742|
|Cash at bank and|in hand||846,355|133,559|979,914|941,523|
||||1,135,155|142,833|1,277,988|1,124,265|
|CREDITORS|||||||
|Amounts<br>falling due within one year||16|(263,385)|(31,743)|(295,128)|(164,315)|
|NET CURRENT ASSETS|||871,770|111,090|982,860|959,950|
|TOTAL ASSETS|LESSCURRENT LIABILITIES||1,330,644|116,720|1,447,364|1,458,905|
|CREDITORS|||||||
|Amounts<br>falling due after more than one year||17|(276,189)||(276,189)|(276,189)|
|NET ASSETS|||1,054,455|116,720|1,171,175|1,182,716|
|FUNDS||20|||||
|Unrestricted<br>funds|||||1,054,455|1,111,118|
|Restricted funds|||||116,720|71,598|
|TOTAL FUNDS|||||1,171,175|1,182,716|



## 



## 

||||Sevem Arts|||
|---|---|---|---|---|---|
||||Cash Flow Statement|||
||||for the Year Ended 31stMarch|2022||
||||Notes|2022<br>5|2021f|
|Cash flows from operating||activities||||
|Cash generated<br>from operations|||1|40,623|4,245|
|interest paid|||||(6,374)|
|Net cash provided<br>by/(used||in) operating|activities|40,623|(2.129)|
|Cash flows from investing||activities||||
|Purchase oftangible fixed assets||||(2,232)|(17,266)|
|Net cash used in investing|acfivities|||(2,232)|(17.266)|
|Cash flows from financing||activities||||
|WCC loan repayments|||||(23.512)|
|Net cash provided<br>by/(used||in) tinanclng|activities||(23,812)|
|Change<br>in cash snd cash||equivalents|in|||
|the reporting<br>period||||38,391|(43,207)|
|Cash and cash equivalents||at the||||
|beginning<br>ofthe reporting||period||941,523|984,730|
|Cash and cash equivalents||at the end|of|||
|the reporting<br>period||||970,914|941.523|





## 

## 

||||forthe Year Ended|forthe Year Ended|forthe Year Ended|forthe Year Ended|forthe Year Ended|31stMarch 2|022|022|022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||RECONCILIATION||OF NET EXPENDITURE TO NET|||||CASH FLOW|FROM OPERATING ACTIVITIES|||
|||||||||||2022|2021|
|||||||||||8|2|
||Net expenditure<br>for|||the reporting|||period (as per the|Statement of||||
||Financial Activities)|||||||||(11,541)|(124,614)|
||Adjustments|for:||||||||||
||Depreciation|charges|||||||||46,574|
||Interest paid||||||||||6,374|
||gncrease)/decrease|||in debtom||||||(115,332)|116,'l75|
||Increase/(decrease)|||in creditors||||||130,813|(40,264)|
||Net cash provided||by operations|||||||40,623|4,245|
|2.|ANALYSIS OF CHANGES|||||IN NET|FUNDS|||||
|||||||||At 1.4.21<br>f||Cash flow<br>f|At31,3.22<br>2|
||Net cash|||||||||||
||Cash at bank|and<br>in|hand||||||941,523|3&Q91|979,914|
||||||||||941,523|38&391|979&914|
||Debt|||||||||||
||Debts failing|due after|||1 year|||(276&169)|||(276,189)|
|||||||||(276,1&9)|||(276,189)|
||Total||||||||665,334|38.391|703,725|





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|ACCOUNTING<br>POLICIES -|ACCOUNTING<br>POLICIES -|ACCOUNTING<br>POLICIES -|ACCOUNTING<br>POLICIES -|ACCOUNTING<br>POLICIES -|ACCOUNTING<br>POLICIES -|continued|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|TANGIBLE FIXEDASSETS|||||||||||||
|Tangible<br>fixed assets|||are||initially<br>recognised<br>at cost. ARer recognition.<br>under||||the cost model,<br>tangible|||fixed|
|assets ere reassured||at cost less accumulated<br>depreciafion<br>and any accumulated|||||||impairment|losses.|Afi costs||
|incurred<br>to bring a tangible|||||asset into its Intended<br>working<br>condition<br>should<br>be induded<br>in the|||||measurement<br>of|||
|cost.|||||||||||||
|A review<br>for impairment|||of||fixed assets is carried<br>out if||events<br>or changes<br>in circumstances|||indicate|that<br>the||
|canying<br>value of any||fixed|||asset may not be recoverable.||Shortfalls<br>between<br>the||carrying<br>value|of fixed||assets|
|and<br>their<br>recoverable|||amounts<br>are<br>recognised<br>as impainnents.<br>Impairment||||||losses<br>are<br>recognised|||in<br>the|
|Statement offinancial|activities.||||||||||||
|Tangible fixed assets|costing|||||5500or more are capitalised.|||||||
|Depreciation<br>is provided||||at||rates calculated<br>to write<br>off|the cost of fixed assets,||less their estimated||residual||
|value, over their expected||||useful lives on fhe following bases:|||||||||
|Motor vehicles<br>Fixtures &fiMngs||||||-5yearn straight<br>line<br>-10years straight<br>line|||||||
|Office equipment||||||-5years straight<br>line|||||||
|Computer<br>equipment||||||-5years straight<br>line|||||||
|Instruments:|||||||||||||
|Low<br>value/|low|||life||Over 4 years.<br>This applies|to instruments<br>such|as recordem,||fifes,<br>doods,|||
|expectancy:||||||ukuleles<br>and other similar low value items.|||||||
|Brass:||||||Instruments<br>have a longer|life in schools. Assuming||50% at 10years down|||to|
|||||||20'%%d at 20years.|||||||
|-<br>Woodwind:||||||Instruments<br>have a longer|fife in schools. Assuming||50/ at 10 years down|||to|
|||||||20%at20years.|||||||
|Upper strings:||||||Instruments<br>have a longer|fifie<br>in schools,<br>however||are of much|tower|initial||
|||||||value<br>than<br>brass/<br>woodwind<br>which<br>makes<br>them|||less<br>saleable|over|time.||
|Lower Strings:||||||Assume 30%at year 10and<br>0'%%d at yearn.<br>Instruments<br>have a longer<br>liTe in schools. Assuming|||50% at 10years,<br>down|||to|
|||||||20%at20years.|||||||
|Tuned Percussion||||||Indudes<br>some higher<br>value|instruments<br>which are||not hired out|and so|waar||
|||||||and tear is less (tend to be|used centraliy).<br>E.g. Timpani,<br>Marimba,|||Xylophone,|||
|||||||Vibraphone,<br>Keyboard<br>instruments.<br>Assumed<br>slower<br>depredation<br>- 60%||||||of|
|||||||original value at year 10and|30'/s at year 20.||||||
|Untuned<br>Percussion||||||Indudes<br>lower cost instruments<br>such as cymbals,|||drums,<br>djembes.<br>Usually||||
|||||||higher wear and tear for small percussion.<br>Some. such as djembs||||are hired||to|
|||||||schools in sets and are often|not repairable. Assumed||20%value atyear 10.||||
|-<br>High Value:||||||Includes<br>Instruments<br>rarely|hired out, used centrally||only or if exceptional||value||
|||||||(eg. Harp,<br>Contrabassoon|etc). Instruments<br>are||kept<br>in<br>excefient<br>serviced||||
|||||||condiTion<br>and still retain considerable<br>value sRer 20years (assumed||||5P%%d).|||
|Miscellaneous:||||||This assumed<br>straight<br>line depreciation<br>to 10% after 10years and covers|||||non||
|||||||standard<br>items eg Drum<br>Kit,|Early Years percussion,|Sarnba, Folk.|||||



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||||fo|r the Year E|nde|d 31stMarc|h 2022|||
|---|---|---|---|---|---|---|---|---|---|
|CHARITABLE ACTMTIES|||COSTS|||||||
||||||||Direct|Support||
||||||||Costs (see|costs (see||
||||||||note 7)<br>f|nots 8)<br>f|Totalsf|
|Music Education|||||||1,273,069|414,101|1,$87,170|
|Arts Development|||||||124,043|11313|135,356|
|Fes0vals|||||||725,935|42,177|768,112|
||||||||2,123,047|467,591|2,590,638|
|DIRECT COSTS|OF CHARITABLE|||ACTIVITIES||||||
|||||||||2022|2021|
|Staff costs||||||||1,334,217|1,422,836|
|Instrument<br>consumables||||||||745|141|
|Workshop expenditure||||||||216|103|
|External funding|and bursary|||||||19,693|27,143|
|Project costs||||||||751,$51|193,956|
|Subconlraded<br>staff cos(s||||||||16,525|13,738|
|||||||||2,123,047<br>Governance|1,657,917|
|SVPPORT COSTS||||||||||
||||||||Human|||
||||Management<br>f|||Finance<br>f|resources<br>f|costs<br>f|Totals<br>f|
|Music Educsfion|||368,333|||1,641|39,951|4,176|414,101|
|Arts Development||||10,571|||403|339|11&313|
|Festivals||||39,506|||1,396|1,175|42,177|
||||418,510||-|'t,641|41,750|5,690|467,591|
|Support costs, included||in the|above,|are asfollows:||||||
|||||||||2022|2D21|
|||||Music||Arts||Total|Total|
||||Education||Development||Festivals<br>f|activities<br>f|activiTies<br>f|
|Rates and water||||2.367||192|666|3,225|3,838|
|Insurance||||10&876||884|3,060|14,820|0,410|
|Light and heat||||5,280||429|1,486|7,195|6,74'I|
|Telephone||||6,108||496|2,042|8,646|7,929|
|Advertising||||18,980|||4,520|23,500|15,282|
|Sundries||||2r453||||2,453|11,D94|
|Service Charges||||10,233||832|2,879|13,944|13,945|
|Rent||||29,377||2,391|8,266|40,034|43,236|
|Travel Expenses||||55,365||630|364|56,359|13,424|
|ITExpenses||||46,124||1&187|4,108|51,419|54,518|
|Legal, HR and Professional||||21,384||1,738|6,017|29,'l39|3,430|
|Accountancy<br>and|Payrol!|||15,'l19||1,229|4,254|20,602|14,026|
|Conference Costs||||167||||167|370|
|Subscriptions||||5,363||||5,363|54'19|
|Board Costs||||1,916||||1,916|834|
|Premises Costs||||6,353||516|1,788|8,657|5463|
|CPD Costs||||4,985||||4,985|8,581|
|Venue Hire||||10,296||||10,296|22|
|Safeguarding<br>Costs<br>Consultancy<br>Fees||||2,893<br>75,455||||2,895<br>75~5|1,300|
|Canied forward|||331,094|||10,526|39,450|381,070|218,870|





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|SUPPORT COSTS - continued||||||
|---|---|---|---|---|---|
|||||2022|2021|
||Music|Arts||Total|Total|
||Education<br>2|Development<br>2|Festivals<br>5|activities<br>6|activities<br>2|
|Brought forward|331,094|10,526|39,450|381,070|218,870|
|Postage and Stafionary|556|45|156|757|647|
|Doprociatlon oftanglblo and||||||
|heritage assets|36,683|||36,683|46,574|
|Interest payable and similar||||||
|charges|||||6,374|
|Bank charges|1,641|||1,641|1,328|
|Redundancy|39,951|403|1496|41,750||
|Auditors'remuneration|4,176|339|1,175|5,690|10,504|
||414,101|11 3'f3|42,177|467,591|284,297|



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|management<br>personnel<br>totalled f224941 for4 employees (2021:f233170for4 em|management<br>personnel<br>totalled f224941 for4 employees (2021:f233170for4 em|management<br>personnel<br>totalled f224941 for4 employees (2021:f233170for4 em|ployees).||
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds<br>6|fundsf|funds|
|INCOME AND ENDOWMENTS|FROM||||
|Donations andlegacies||151.075|1,094.710|1,245,785|
|Chadtable<br>activities|||||
|Music Education||295,785|5,349|301,134|
|Ans Development||10,840|23.203|34,043|
|Other income||236,638||236,638|
|Total||694,338|1,123,262|1,817.600|
|EXPENDITURE ON|||||
|Charitable<br>activities|||||
|Music Education||658,593|805,264|1,463,857|
|Aria Development||121,763|66,175|187.938|
|Fesiivals||8,195|282,224|290,419|
|Total||788,551|1,153,653|1.942,214|
|NET INCOME/(EXPENDITURE)||(94,213)|(30,401)|(124,614)|
|Transfers between funds||3,941|(3,941)||
|Net movement<br>in funds||(90,272)|(34,342)|(124,614)|
|RECONCILIATION OF FUNDS|||||
|Total funds brought forward||1,201,391|105,939|1.307,330|
|TOTAL FUNDS CARRIED FORWARD||1,111,119|71,597|1,182,716|





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|||||||Fixtures||||
|---|---|---|---|---|---|---|---|---|---|
|||||||and|Motor|Computer||
||||||Instruments<br>E|fittings<br>5|vehicles<br>5|equipment<br>f|Totals<br>8|
|COST||||||||||
|At 1stApril 2021|||||502,384|76,378|10,100|42,313|631,175|
|Additions||||||143||2,089|2232|
|At 31st March|2022||||502,384|76,521|10,100|44r402|633807|
|DEPRECIATION||||||||||
|At 1stApril 2021|||||92,938|21,887|2,520|14,875|132,220|
|Charge foryear|||||18,129|7,652|2,020|8,882|36,683|
|At 31st March|2022||||111,067|29,539|4,540|23,757|168,903|
|NET BOOK VALUE||||||||||
|At 31st March|2022||||39'f,317|46,982|5,560|20,645|464,504|
|At 31st March|2021||||409,446|54,491|7,580|27,438|498,955|
|DEBTORS:AMOUNTS|||FALLING||DUE WITHIN ONE YEAR|||||
|||||||||2022|2021|
||||||||||f|
|Trade debtors||||||||81,863|14,768|
|Prepayments|and scorned|||income||||236,211|167,974|
|||||||||298.074|182.742|
|CREDITORS:|AMOUNTS|||FALLING DUE WITHIN||ONE YEAR||||
|||||||||2022|2021|
|||||||||6|6|
|Trade creditors||||||||104,526|22,791|
|Social security|and other|||taxes||||21,498|18,210|
|Other creditors||||||||33,507|22,439|
|Accruals and deferred||income||||||135,597|100,866|
|||||||||295,128|154,315|



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|CRED|ITOR|S: A|MOU|NTS FALLING DUEAFTER MOR|E THAN ONE YEAR||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|5|
|Other|loans|(see|note|18)|276,189|276,189|





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||||2022|2021|
|---|---|---|---|---|
||||6||
|Amounts<br>Amounts<br>Amounts|faliing <br>fsliing <br>falling|due within one your<br> between one and five years<br> due in more than five years|228,571<br>47,618|228,571<br>47,818|
||||276,189|278,189|



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|Minimum<br>lease payments<br>under non-canceliable<br>operating|leases fali due as follows:||
|---|---|---|
||2022|2021|
||6|8|
|Within one year<br>Between one and five years|29&333|32,000<br>29,333|
||29,333|61,333|





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## 

|MOVEMENT<br>IN F||UN|DS|||||
|---|---|---|---|---|---|---|---|
||||||Net|Tmnsfers||
||||||movement|between|At|
|||||At1.4.21|in funds|funds|31.3.22|
||||||8|||
|Unrestiicted<br>funds||||||||
|General fund||||325,432|(30,244)|(4,941)|290,247|
|Designated<br>Funds||||300,000|||300,000|
|Assets transferred||from Worcestershire||||||
|County Council||||448,165|(24,377)||423,788|
|WCC Arts Connect||||37,521|2,8$9||40,420|
|Restricted funds||||1,111,118|(51,722)|(4,941)|1,054,455|
|Cultural<br>Development|||Fund|7&063|162||7,225|
|BBCChildren<br>In Need|||||925|(906)|19|
|Bursary Fund||||3,345|3J)86|5,000|11,831|
|Changing<br>Tracks Nature Group|||||1,500||1,500|
|The Children's<br>Society|||||892||892|
|COMP Enhanced|Youth Support||||1&0'I9||1,019|
|Cultural<br>Educational||Programme||5,270|1,000||6,270|
|Furthering<br>Talent||||7,724|15,329||23,053|
|Holiday Activities &||Food Programme|||6,070||6,070|
|InspiYing<br>Future Through The Arts||||10,632|(9.028)||1,604|
|Jubilee Funding|||||8,947||6,$47|
|Kickstart|||||1,991|(1,183)|808|
|Music BoxFund||||11,843|2&131||13,974|
|Music Mark Mnovation|||Fund||10,800||10,800|
|Soundabout<br>Choir|||||(2,030)|2,030||
|Sundry Restricted|Donations|||265|||265|
|Youth Music||||25,456|(1,013)||24,443|
|||||71,598|40,181|4g41|116,720|
|TOTAL FUNDS||||1,182,716|(11,541)||1,171,175|





## 

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## 

|MOVEMENT<br>IN|FUNDS - contin|FUNDS - contin|ued||||
|---|---|---|---|---|---|---|
|Net movsrnenl<br>in|funds, induded||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||6|||
|Unrestricted<br>funds|||||||
|General fund||||717,358|(747,602)|(30~)|
|Assets transferred|from Worcestershire||||||
|County Council|||||(24,377)|(24,377)|
|WCC Arts Connect||||119,727|(116,828)|2,899|
|||||837,085|(888,807)|(51,722)|
|Restricted funds|||||||
|Music Education Grant||||738,857|(738,857)||
|Cultural<br>Development||Fund||768874|(768,112)|162|
|Arts Coundl TPS|Grant|||56,243|(56,243)||
|BBCChildren<br>In Need||||18,348|(17,423)|925|
|Bursary Fund||||3,486||3,486|
|Changing<br>Tracks|Nuture Group|||1,500||1,500|
|The Children's<br>Society||||3,700|(2,808)|8$2|
|COMP Enhanced|Youth Support|||4',rrg|(3,751 )|1,01$|
|Cultural<br>Educational<br>Programme||||1,000||1,000|
|Furthering<br>Talent||||32,300|(16,971)|15,329|
|Holiday Activities|&Food Programme|||27,367|(21,297)|6,070|
|Inspiring<br>Future Through The Puts||||9,500|(18,528)|(9,028)|
|Jubilee Funding||||12,750|(5,803)|6,947|
|Kickstart||||6,309|(4,318)|1,991|
|Music BoxFund||||23426|(21,095)|2.131|
|Music Mark Innovation||Fund||12,600|(1,800)|10,800|
|Soundabout<br>Choir|||||(2,030)|(2,030)|
|Youth Music||||21,782|(22,795)|(1,013)|
|||||1,742,012|(1,701,831 )|40,181|
|TOTAL FUNDS||||2,579,097|(2,590,638)|(11,541)|





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## 

|Compsratives<br>f|or|mo|ve|m|ent<br>in funds|||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.4.20<br>f.|in funds|fundsf|31.3.21<br>f.|
|Unrestricted<br>funds||||||||||
|General fund||||||436,932|(93,810)|(17,690)|325,432|
|Designated<br>Funds||||||300,000|||300,000|
|Assets transferred|from Worcestershire|||||||||
|County Council||||||464,459|(37,925)|21,631|448,165|
|WCC Aria Connect|||||||37,521||37,521|
|||||||1,201,391|(94,214)|3,94'I|1,111,118|
|Restricted funds||||||||||
|Music Education|Grant||||||2,885|(2,885)||
|Cultural<br>Development|||Fund|||79,718|(73,517)|862|7,063|
|Bursary Fund||||||2,098|3,485|(2,238)|3,345|
|Cultural<br>Educahonal||Programme||||3,628|1,642||5,270|
|Furthering<br>Talent|||||||7,724||7,724|
|Inspiring<br>Future Through||||The Arts||468|10,164||10,632|
|Music BoxFund||||||17,391|(5,548)||11,843|
|Sundry Restricted|Donations||||||265||265|
|Woroestershire<br>Ans||Partnership||||636|(956)|320||
|Worcestershire<br>Children's|||||First|2,000|(2,000)|||
|Youth Music|||||||25,456||25,456|
|||||||105.939|(30,400)|(3,941)|71,598|
|TOTAL FUNDS||||||1,307,330|(124,614)||1,182,7'I6|
|Comparative<br>net|movement||||in funds, included|in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds<br>f|
|Unrestricted<br>funds||||||||||
|General fund|||||||535,082|(628,892)|(93,810)|
|Assets transfened|from||Worcestershire|||||||
|County Council||||||||(37,925)|(37,925)|
|WCC Arts Connect|||||||159,256|(121,735)|37,521|
||||||||694,338|(788,552)|(94,214)|
|Restricted funds||||||||||
|Music Education<br>Grant|||||||736,781|(733,896)|2,885|
|Cultural<br>Development||Fund|||||261,332|(334,849)|(73,517)|
|Arts Council TPS|Grant||||||56,242|(56.242)||
|Bursary Fund|||||||3,485||3,485|
|Cultural<br>Educafionsi||Programme|||||4,000|(2,358)|1,642|
|Furlheding<br>Talent|||||||13,920|(6,196)|7,724|
|Inspiring<br>Future Through||||The Arts|||20,467|(10,303)|10,164|
|Music BoxFund|||||||199|(5.747)|(5,548)|
|Sundry Restricted|Donabons||||||265||265|
|Worcestershire<br>Arts||Partnership|||||(10)|(946)|(956)|
|Worcestershire<br>Children's||||First||||(2,000)|(2,000)|
|Youth Music|||||||26,581|(1,125)|25,456|
||||||||1,123,262|(1,153,662)|(30,400)|
|TOTALFUNDS|||||||1.817.600|(1,942,214)|(124,614)|





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||||Ssvern Arts|Ssvern Arts|||
|---|---|---|---|---|---|---|
||||Detailed Statement of Financial Activities||||
||||for the Year Ended 31stMarch 2022||||
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds<br>8|fundsf|funds<br>5|
|INCOME AND ENDOWMENTS|||||||
|Donations<br>and||legacies|||||
|Donations|||835|16,712|17,547|6,339|
|Grants|||115,908|1,66'l,438|1,777,346|1,240,446|
||||116,743|1,678,150|1,794,893|1,245,785|
|Charitable<br>activities|||||||
|Sundry<br>parent|income|||||210|
|CPD income|||2,055||2,055||
|Project income|||6,850|63,862|70,712|39,182|
|Resources|||24,635||24,635|14,025|
|Tuition|||636,648||636,648|277,035|
|Subscnptions|||23,753||23,753|4,643|
|Concsrls|||1,654||1.654|82|
||||695,595|63,862|759,457|335,'I77|
|Otherincome|||||||
|Government<br>Grants - CJRS|||24,747||34,747|236,638|
|Total incoming||resources|837,085|1,742,012|2,579,097|1,817,600|
|EXPENDITURE|||||||
|Charitable<br>activities|||||||
|Wages|||474,293|599,912|1,074,205|1,142,918|
|Socialsecurity|||34,800|41,861|76,661|78,562|
|Pensions|||39.115|144,236|183,351|201,356|
|Instrument<br>consumables|||367|378|745|141|
|Workshop<br>expenditure|||108|108|216|103|
|External funding||and bursary|14,780|4,913|19,693|27,143|
|Project costs|||37,685|713,966|751,651|193,956|
|Subcontracted|stalf costs||16,125|400|16,525|13,738|
||||617,273|1,505,774|2,123,047|1,657,917|
|Stlpporf costs|||||||
|Management|||||||
|Rates and water|||1,124|2,101|3,225|3,838|
|Insurance|||5,165|9,655|14,820|9,410|
|Light and heat|||2,507|4,688|7,195|6,741|
|Telephone|||2,756|5,890|8,646|7,929|
|Adverfising|||8,778|14,722|23,500|15,282|
|Sundnes|||1&321|1&132|2&453|11,094|
|Service Charges|||4,860|9,084|13,944|13,945|
|Rent|||13,952|26,082|40,034|43,236|
|Travel Expenses|||31,105|25,254|56,359|13,424|
|ITExpenses|||33,194|18,225|51A19|54.518|
|Legal, HR and|Professional||10,155|18,984|29,139|3,438|
|Accountancy<br>and Payroll|||7,180|13,422|20,602|14,026|
|Conference Costs|||92|75|167|370|
|Carried fonvard|||122,189|149,314|271,503|197,251|





## 

|Severn Arts|Severn Arts|Severn Arts|||
|---|---|---|---|---|
|Detailed Statement of Financial Activities|||||
|for the Year Ended 31stMarch 2022|||||
||||2022|2021|
||Unrestrtcted|Restricted|Total|Total|
||funds<br>f|funds<br>f|fundsf|fundsf|
|Management<br>Brought foward<br>Subscriptions<br>Board Costs<br>Premises Costs<br>CPD Cosh<br>Venue Hire<br>Safeguarding<br>Costs<br>Consultancy<br>Fees<br>Postage and Shtionary<br>Depreciarion<br>oftangible and heritage assets<br>Interest payable|122,189<br>2,977<br>1,063<br>3,016<br>2,737<br>5,714<br>1,608<br>75,455<br>264<br>35,363|149,314<br>2,386<br>853<br>5,641<br>2,248<br>4&582<br>1,287<br>493<br>1,320|271,503<br>5,363<br>1,916<br>8,657<br>4,985<br>10,296<br>2,895<br>75,455<br>757<br>36,683|197,251<br>5,319<br>834<br>5,563<br>8,581<br>22<br>1,300<br>647<br>46.574<br>6,374|
||250,386|168,124|418,510|272,465|
|Finance<br>Bank charges|1,641||1,641|1,328|
|Human resources<br>Redundancy|21,774|19,976|41,750||
|Governance costs<br>Auditors'<br>remuneration|1,983|3,707|5,690|10,504|
|Total resources expended|893,057|1,697,581|2,590,638|1,942,214|
|Net expenditure|(55,9721|44,431|(11,541 )|(124,614)|