## ## ## ## ||||||Page| |---|---|---|---|---|---| |Trustees'
annual
report (incorporating||the|director's|report)|| |Independent
examiner's
report|to the|trustees|||| |Statement
offinancial activities|(including||income and||| |expenditure
account)|||||| |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)| |Independent||examiner|||Juan Quirk BScFCCA
24 Carrick Park||| ||||||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| |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|| ##