| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | ||
| Independent examiner's report |
to the | trustees | |||
| Statement offinancial activities |
(including | income and | |||
| expenditure account) |
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| Statement offinancial position |
10 | ||||
| Statement ofcash flows | |||||
| Notes to the financial statements |
| Registered | charity | name | name | NW Live Arts | |||
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1185485 | |||||
| Company | registration | number | 12023108 | ||||
| Principal | office and | registered | 57 Lawford Road | ||||
| office | London | ||||||
| NW5 2LG | |||||||
| The trustees | |||||||
| Miss Jane Bedwell | |||||||
| Miss Henrietta Hill |
|||||||
| Mr Jason Shenai | |||||||
| Mrs Olivia Jordan | (Resigned | 27 May 2021) | |||||
| Miss Sarah Monk | |||||||
| Dr Sophie Ransby Mr Armin Zanner Miss Martha Okigbo Miss Danai Ngangira |
(Appointed (Appointed (Appointed (Appointed |
27 July 2021) 27July 2021) 27 July 2021) 1 November 2021) |
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| Independent | examiner | Juan Quirk BScFCCA 24 Carrick Park |
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| Sulby | |||||||
| Isle ofMan | |||||||
| IM7 2EY |
| Year ended 31Augus | t 20 | 21 | ||||||
|---|---|---|---|---|---|---|---|---|
| Period from | ||||||||
| 30May 19to | ||||||||
| Year | to 31Aug | 21 | 31 Aug 20 | |||||
| Unrestricted | Restricted | |||||||
| funds | funds | Total | funds | Total funds | ||||
| Note | E | 6 | 6 | 6 | ||||
| Income and endowments Donations and legacies Charitable activities Investment income Other income |
5 6 7 8 |
21,939 1,375 361 |
31,766 | 53,705 1,375 361 |
30,057 2,612 13 |
|||
| Total income | 23,675 | 31,766 | 55,441 | 32,682 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs of raising donations and legacies Expenditure on charitable activities |
9 10,11 |
6,239 14,110 |
1,045 25,721 |
7,284 39,831 |
500 27,062 |
|||
| Total expenditure | 20,349 | 26,766 | 47,115 | 27,562 | ||||
| Net income and net movement | in | funds | 3,326 | 5,000 | 8,326 | 5,120 | ||
| Reconciliation offunds Total funds brought forward |
5,120 | 5,120 | ||||||
| Total funds carried forward | 8,446 | 5,000 | 5,120 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Current assets | Note | 6 | |||
| Debtors Cash at bank and |
in | hand | 16 | 800 13,497 |
2,533 14,181 |
| 14,297 | 16,714 | ||||
| Creditors: amounts | falling due within one year | 17 | 851 | 11,594 | |
| Net current assets | 13,446 | 5,120 | |||
| Total assets less | current liabilities | 13,446 | 5,120 | ||
| Net assets | 13,446 | 5,120 | |||
| Funds ofthe charity | |||||
| Restricted funds Unrestricted funds |
5,000 8,446 |
5,120 | |||
| Total charity funds | 19 | 13,446 | 5,120 |
| Year ended 3 | 1August | 2{)21 | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 8 | F | ||||
| Cash flows from Net income |
operating | activities | 8,326 | 5,120 | |
| Adjustments for: Other interest receivable and similar income Accrued (income)/expenses |
(815) | (13) 1,165 |
|||
| Changesin: Trade and other Trade and other |
debtors creditors |
1,733 (9,928) |
(1,513) (6,484) |
||
| Cash generated | from operations | (684) | (1,725) | ||
| Interest received | 13 | ||||
| Net cash used in |
operating | activities | (684) | (1,712) | |
| Net decrease in Cash and cash |
cash and equivalents |
cash equivalents at beginning ofyear |
(684) 14,181 |
(1,712) 15,893 |
|
| Cash and cash | equivalents | at end ofyear | 13,497 | 14,181 |
| 5. | Donations | and legacies (cour(nues) | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds f |
Funds f |
2021 | |||
| Grants Arts Council Grants |
26,766 | 26,766 | |||
| 21,939 | 31,766 | 53,705 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds f. |
Funds f |
2020 f. |
|||
| Donations Donations |
12,694 | 3,960 | 16,654 | ||
| Grants Arts Council Grants |
13,403 | 13,403 | |||
| 17,363 | 30,057 |
| Charitable |
ac | tivities | ||||
|---|---|---|---|---|---|---|
| Unrestricted | TotalFunds | Unrestricted | Total Funds | |||
| Funds | 2021 F |
Funds f |
2020 f |
|||
| Advertising revenue Ticket income Sponsorship income |
200 1,175 |
200 1,175 |
400 1,812 400 |
400 1,812 400 |
||
| 1,375 | 1,375 | 2,612 | 2,612 | |||
| Investment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds f |
2021 f |
Funds | 2020 F |
|||
| Bank interest | receivable | 13 | 13 |
| 8. | Other income | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| Tax Income from Gift | Aid | E 361 |
E 361 |
E | E | |||
| 9. | Costs ofraising donations | and legacies | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| Costs ofraising donations | and legacies - Donations | E 6,239 |
E 1,045 |
E 7,284 |
||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| Costs ofraising donations | and legacies - Donations | E 500 |
E 500 |
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| 10. | Expenditure on charitable |
activities by fund | type | |||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| Arts Council sponsored Support costs |
events and activities | 12,618 1,492 |
E 25,091 630 |
E 37,709 2,122 |
||||
| 14,110 | 25,721 | 39,831 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| Arts Council sponsored Support costs |
events and activities | E 500 |
E 26,562 |
E 26,562 500 |
||||
| 500 | 26,562 | 27,062 |
| Expenditure | on charita | ble activities |
by activity type | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Support | Total funds | Total fund | |||
| directly | costs | 2021 | 2020 | |||
| Arts Council | sponsored | events and | E | E | E | E |
| activities Governance |
costs | 37,709 | 1,530 592 |
39,239 592 |
26,562 500 |
|
| 37,709 | 2,122 | 39,831 | 27,062 |
| Analysis ofsup | port costs | |||
|---|---|---|---|---|
| Analysis of | ||||
| support costs activity 1 |
Total 2021 f |
Total 2020 f |
||
| Premises Communications General office |
and IT | 730 346 453 |
730 346 453 |
|
| Finance costs Governance costs |
1 592 |
1 592 |
500 | |
| 2,122 | 2,122 | 500 |
| eceived by the trustee Debtors |
s. | ||||||
|---|---|---|---|---|---|---|---|
| 2021 f |
2020 f |
||||||
| Prepayments and accrued |
income | 800 | 2,533 | ||||
| Prepayments as at August 2021 relate concert deferred until October 2021. |
wholly | to costs incurred | in relation | to a Music | & Place | ||
| Creditors: amounts | falling | due within | one year | ||||
| 2021 f |
2020 f. |
||||||
| Accruals and deferred Other creditors |
income | 350 501 |
11,594 | ||||
| 851 | 11,594 |
| At | |||||
|---|---|---|---|---|---|
| 1 September | At | ||||
| General funds | 2020 f. 5,120 |
Income E 23,675 |
Expenditure F (20,349) |
Transfers | 31 AUQ 2021 F 8,446 |
| General funds | At 30 May 2019 F |
Income F 15,319 |
Expenditure f (500) |
Transfers (9,699) |
At 31 Aug 2020 f 5,120 |
| Restricted funds | |||||
| At | |||||
| 1 September | At | ||||
| The Arts Council | 2020 | Income | Expenditure | Transfers | 31Aug 2021 f |
| Funding | 31,766 | (26,766) | 5,000 | ||
| The Arts Council | At 30 May 2019 f. |
Income f |
Expendituref | Transfers | At 31 Aug 2020 f |
| Funding | 17,363 | (27,062) | 9,699 | ||
| Analysis ofnet assets between funds | |||||
| Unrestricted | Restricted | Total Funds | |||
| Current assets Creditors less than |
1 year | Funds f 9,297 (851) |
Funds 5,000 |
2021 6 14,297 (851) |
|
| Net assets | 8,446 | 5,000 | 13,446 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| E | |||||
| Current assets Creditors less than |
1 year | 5,470 (350) |
11,244 (11,244) |
16,714 (11,594) |
|
| Net assets | 5,120 | 5,120 |
| 21. | Financial instruments | Financial instruments | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The carrying amount for each |
category of | financial | instrument | is as follows: | 2021 | 2020 | |||||||
| 9 | |||||||||||||
| Financial | assets that are debt instruments | measured | at | amortised | cost | ||||||||
| Financial cost |
assets that are debt | instruments | measured | at | amortised | 16,714 | |||||||
| Financial Financial |
liabilities measured at amortised cost liabilities measured at amortised cost |
851 | 11,594 | ||||||||||
| 22. | Analysis | ofchanges in net |
debt | ||||||||||
| At | At | ||||||||||||
| 1 Sep 2020 | Cash | flows | 31Aug | 2021 8 |
|||||||||
| Cash at | bank and in hand | 14,181 | (684) | 13,497 |