2021-03-31-accounts - Gateway Studio CIO

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The charity currently has	The charity currently has	a board ofsix non-exec	a board ofsix non-exec	utive Trustees.	utive Trustees.
The Trustees of Gateway		Studio CIO during the		period and to the date		of signing	this report were
as follows:
Ms Susan Wilson	CBE(Chair)		Appointed	17	December 2019
Mr Geof Keys			Appointed	17	December 2019; Resigned 26		March 2021
Ms Sarah Hogarth			Appointed	17	December 2019
Ms Rebecca Miller			Appointed	17	December 2019
Mr Peter Huggins	MBE		Appointed	17	December 2019
Mr Carlos Martinez	Pena		Appointed	27	May 2020; Resigned	16January 2021
Ms Eleanor Harrison			Appointed	25	March 2021
Mr Kema Sikazwe			Appointed	25	March 2021
Mr Paul Wilson			Appointed	25	March 2021

ERIOD TO 31 MARCH 2	0	21
				Note	Unrestricted Funds	Restricted Funds	Total 2021
Income
Income from Investments					26		26
Income from Charitable	Activities				70,334		70,334
Income from Grants, Donations Legacies			8		34,519	196,663	231,182
Other Income					9,900		9,900
Total Income					114,779	196,663	311,442
Expenditure
Expenditure on Charitable		Activities		6	96,762	119,950	216,712
Total Expenditure					96,762	119,950	216,712
Net Income/(Expenditure)					18,017	76,713	94,730
Balance brought forward
Balance carried forward March		at 31		13	618,017	676,713	894,730

2.	Income from	Invest	ment	s
						Unrestricted	Restricted	2021
						Funds	Funds
	Interest on Cash Deposits					26		26
						f26		f26
3.	Income from	Charitable		Activities
						Unrestricted	Restricted	2021
						Funds	Funds
	Educational	Contracts				60,000		60,000
	Creative Projects					1,177		1,177
	Ticket Sales					775		775
	Youth Groups					7,207		7,207
	Venue Hire					1,155		1,155
	Merchandise	Sales				20		20
						f70,334		f70,334
	Income from	Grants, Donations			&	Legacies
						Unrestricted	Restricted	2021
						Funds	Funds
	Grant Income
	Arts Council England		- Elevate				92,013	92,013
	Arts Council England Fund		- Emergency			9,640	8,510	18,150
	Gateshead Council -		COVID Support			22,285		22,285
	National Lottery Heritage			Fund			96,140	96,140
	North East Active Partnership:Sport
	Tyne &Wear	Emergency		Satellite		1,080		1,080
	Club
						33,005	196,663	229,668
	Donations					1,514		1,514
						834,519	f196,663	F231,182
5.	Other Income
						Unrestricted	Restricted	2021
						Funds	Funds
						f
	Office and Room Rental					6,900		6,900
	Car Parking	Rental				3,000		3,000
						R9.900		R9.900

xpenditure on Charitable	Activities
		Unrestricted	Restricted	2021
		Funds	Funds
Direct Costs
Advertising 8 Promotion		664		664
Dance Tuition Costs		27,875		27,875
Other Direct Costs		795		795
Trinity Capital Development
Statutory Fees			1,292	1,292
Consultancy Fees			6,852	6,852
Professional Fees			48,434	48,434
Survey Fees			9,776	9,776
Support Costs
Bank &Credit Card Charges		114		114
Consultancy Fees		2,205		2,205
Depreciation		151	801	952
Heat 8 Light/Water Rates		5,161		5,161
HR Costs		280		280
Insurance		961		961
Other Overhead Costs		348		348
Print, Postage 8 Stationery		120		120
Repairs 8 Maintenance/Cleaning		812		812
Salaries & On Costs		43,350	46,847	90,197
Security Costs		1,690		1,690
Telephone, ICT 8 Website	Costs	3,094	48	3,142
Travel 8 Accommodation		220		220
Governance Costs
Board Expenses/Meeting	Costs	648		648
Bookkeeping 8 Payroll Fees			5,900	5,900
Independent Examination		840		840
Other Accountancy Services		635		635
Net Liabilities Transferred	from	6,799		6,799
Gateway Studio CIC
		f96,762	f119,950	f216,712

et Income/(E	xpenditure)
			2021
Net income/(expenditure)		is stated after charging/(crediting):
Independent	Examiner	- Examination Fees	840
Independent	Examiner	- Other Services	540
Depreciation	of Owned	Fixed Assets	952

Staff Costs
						2021
Gross Salary Costs						86,269
Social Security Costs						2,402
Employer's Pension Contributions						1,526
						690,197
The average monthly number ofstaff			employed	during the period was		2021
as follows:						No.
Artistic Education/Learning		Programmes/Management
No employees received	remuneration		in excess	ofF60,000 in the period.
The total paid to key	management		personnel,	defined	as the members	of the Management
Team, was F86,269.

At 31	MARCH 2021
10.	Tangible Fixed Assets
					IT5	Total
					Office	Fixed
					Equipmentf	Assetsf
	Cost
	At 4 December 2019
	Additions in year				2,857	2,857
	At 31 March 2021				2,857	2,857
	Accumulated Depreciation
	At 4 December 2019
	Charge for year				952	952
	At 31 March 2021				952	952
	Net BookValue
	At 31 March 2021				F1,905	F1,905
	At 4 December 2019
11.	Debtors
						2021f
	Trade Debtors					4,595
	Accrued Income —National	Lottery Heritage		Fund		50,150
	Accrued Income —Arts Council England		- Elevate			46,006
	Prepayments					453
						F101,204
12.	Creditors -Amounts Falling Due Within			One Year
						2021
	Trade Creditors					7,307
	Other Taxes 8 Social Security Costs					1,519
	Deferred Income					2,768
	Other Creditors					283
	Accruals					10,647 f22,524