Yeovil Art Space Financial statements
for the year ended 31 March 2021
Charity number: 1189660
Page Contents
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2 End of year report
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4 Receipts & payments account
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5 Statement of assets & liabilities
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6 Notes to the accounts
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Yeovil Art Space
End of Year Report
for the year ended 31 March 2021
Main address
Yeovil Art Space, Unit 29 Vicarage Walk, Quedam Shopping Centre, Yeovil BA20 1EX
Charity Number
1189660
Trustees
Zoe Li
Clarissa Ready
Rhiannon Cross Carolyn Lefley Jess Egan
Bank
NatWest
Aims and objectives
Yeovil Art Space is a charitable organisation and a creative hub in Yeovil, which aims to bring art and creativity to the local community and visitors. Projects are run in partnership with organisations, businesses, groups and individuals to provide arts and cultural activities for people of all ages. Activities include participatory events, learning workshops, art exhibitions and showcasing work in other locations in the town.
Charitable objects
For the public benefit the advancement of education in the arts in Yeovil and surrounding areas through the provision of visual arts, including but not limited to digital, moving image, 2D & 3D contemporary art and design.
Activities 2020-2021
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YAS reaches more than 5000 people through its activities despite of Covid19 restriction, including:
Summer School for 13 Young people (13-17)
Yeovil Window Wanderland distributed 500 free activity pack and reaches more than 4000 visits.
Together We Are Stronger engaged with 25 local elderly and care home staff and residents, 1500 primary students, 13 early teen and 15 artists
Yeovil Mini Creatives provides 500 families free activity booklet Job opportunity for 6 Creatives
Signed on behalf of the board of trustees
Signed _____ Date _
Zoe Li, Chairman
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Yeovil Art Space Annual Report
for the year ended 31 March 2021
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INCOME AND EXPENDITURE FOR THE PERIOD 2020-2021
INCOME £
Grants (Restricted funding) 12,650
Earned Income 3,371
Donations 300
Membership fees 215
Other Receipts 7,000
TOTAL INCOME 23,536
EXPENDITURE
Administration fees 3,387
Project costs (from Restricted funding) 12,650
Project costs (from Un-Restricted funding) 1,520
Overheads 3,403
TOTAL EXPENDITURE 21,460
NET SURPLUS 2,076
BANK AND CASH AT START OF PERIOD 0
TOTAL CASH CARRIED FORWARD 2,076
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Yeovil Art Space
Annual Report
for the year ended 31 March 2021
Statement of assets and liabilities
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STATEMENT OF ASSETS AND LIABILITIES AS AT 31/03/2021
CURRENT ASSETS £
Current Account 1,960
Petty Cash 116
TOTAL ASSETS 2,076
CURRENT LIABILITIES
Creditors 0
LONG TERM LIABILITIES 0
0
TOTAL ASSETS LESS LIABILITIES 2,076
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Signed by one or two trustees/directors on behalf of all the trustees Signature
Print Name
Signature Print Name Signature
Date
Yeovil Art Space
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Notes to the accounts
for the year ended 31 March 2021
1. Receipts & payments accounts
Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context “cash” includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for debts as they become due.
2. Grants & Donations
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£
Somerset Community Foundation 5,000 R
The National Lottery Community Fund 3,500 R
The Local Connection Fund 2,500 R
Abri Community Fund 1,500 R
Yeovil Town Council 150 R
Donations 300
TOTAL GRANTS AND DONATIONS 12,950
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NB: “R” in the third column denoted restricted funding
3. Organisational Development Fund
Income of £7,000 was from a proportion of a Covid Business Grant received by Eastville Project Space Ltd, a company who shared the same premises (Between 1 June 2020 and 31 March 2021) and were entitled to claim for the grant as rate payer and lease holder. Trustees agreed to allocate the grant funding for the associated costs for organisational development and Yeovil Creatives artist networks.
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