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2021-12-31-accounts

2021 2020
Unrestricted Endowment Total Total
funds fund funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 250 250
Investment
income		 74,047 74,047 74,451
Total 74,297 74,297 74,451
EXPENDITURE ON
Charitable
activities
General Grants payable 41,033 41,033 19,150
Commissions 3,000 3,000 31,500
Feeney Fellowships 3,000 3,000 5,300
Support costs 9,443 9,443 12,658
Total 56,476 56,476 68,608
Net gains/(losses)
on investments		 116,840 116,840 (40,340)
NET INCOME/(EXPENDITURE) 17,821 116,840 134,661 (34,497)
RECONCILIATION
OF FUNDS
Total funds brought forward 166,917 1,730,745 1,897,662 1,932,159
TOTAL FUNDS CARRIED FORWARD 184,738 1,847,585 2,032,323 1,897,662

2021 2020
Unrestricted Endowment Total Total
funds fund funds funds
Notes f f E f
FIXEDASSETS
Investments
Investments 1,544,480 1,544,480 1,428,263
Investment property 300,000 300,000 300,000
1,844,480 1,844,480 1,728,263
CURRENT ASSETS
Debtors 9 6,000 6,000 10,000
Cash at bank 183,096 3,105 186,201 163,757
189,096 3,105 192,201 173,757
CREDITORS
Amounts
falling due within		 one year 10 (4,358) (4,358) (4,358)
NET CURRENT ASSETS 184,738 3,105 187,843 169,399
TOTAL ASSETS LESSCURRENT LIABILITIES 184,738 1,847,585 2,032,323 1,897,662
NET ASSETS 184p738 1~847p585 2p032p323 1897662
FUNDS 12
Unrestricted funds 141,888 128,667
Designated Commitments Fund (note 3) 42,850 38,250
184,738 166,617
Endowment funds 1,847,SBS 1,730,745
TOTAL FUNDS 2,032323 1,897,662

3.
GRANTS, COMM		 ISS IONS AND FELLOWSHIPS
2021 2020
f f
Arts
Art360 Foundation 10,000
BE Festival 1,950
Capsule Events Limited 2,000
Celebrating
Sanctuary
ExCathedra 4,000 4,000
Friction Arts 4,500
Little Earthquake
Performances
Birmingham		 Limited 5,000
Rosie Kay Dance Company 4,000 3,500
The Playhouse 1,500
Women and Theatre 3,000
30,950 12,500
Heritage
Alarum
Productions		 4,600
Botanical Gardens 2,000
Chamberlain
Highbury		 Trust 2,000
4,600 4,000
Open Spaces
Birmingham
Settlement		 4,648
Lapel Canal Trust 2,000
StAnne's
Hostel		 835
Warley Woods Community Trust Limited 650
5,483 2,650
Total General Grants 41,033 19,150
3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 3.
GRANTS, COMMISSIONS AND FELLOWSHIPS		 —continued
2021 2020
E f
Commissions
The Bone Ensemble 1,500
CBSO-2020 Centenary 20,000
Flatpack Projects 3,500
Friction Arts 1,500
MAC Birmingham 4,000
South Asian Arts and Heritage
(SAMPAD)		 2,500
Surge Forward
Music &Arts		 1,500
3,000 31,500
FEENEY FELLOWSHIP
Individual
Birmingham
based art practitioners		 3,000 5,300
Total 47,033 55,950
Commitments
for Grants,		 Commissions and Fellowships
The Trustees agree grants to be paid over several years forfuture commissions,
subject to their progression and completion.
2021
E
Art 360 Foundation 2,600
CBSO —2020 Centenary 20,000
Flatpack Projects —Sidewalk Stodes 2,000
Flatpack Projects —People on Sunday 3,500
MAC Birmingham
-Adeela		 Suleman 4,000
MAC Birmingham
—Fofana		 3,750
Surge Forward
Music &Arts		 1,500
Fellowships 5,500
Commitments
outstanding		 at 31December 2021 42,850

2021 2020
E E
Secretarial fees 5,500 5,500
Website redesign and updates 2,944
Sundry expenses 223 127
Professional fees 2,160 2,527
Accountancy 906 906
Independent examination 654 654
9,443 12,658

Unrestricted Endowment Total
funds fund funds
E E f
INCOME AND ENDOWMENTS FROM
Investment
income		 74,451 74,451
EXPENDITURE ON
Charitable
activities
Grants payable 55,950 55,950
Support costs 12,658 12,658
Total 68,608 68,608
Net gains/(losses)
on investments		 (40,340)
NET INCOME/(EXPENDITURE) 5,843 (40,340) (34,497)
RECONCILIATION
OF FUNDS
Total funds brought forward 161,074 1,771,085 1,932,159
TOTAL FUNDS CARRIED FORWARD 166,917 1,730,745 1,897,662

7. FIXEDASSET INVESTM E N TS
Listed
investments
f
MARKET VALUE
At 1January 2021 1,428,263
Additions 298,820
Disposals (299343)
Change
in market value		 116,840
At 31December 2021 1,544,480
NET BOOK VALUE
At 31December 2021 1,344r480
At 31December 2020 1,428,263
There were no investment assets outside the UK.
INVESTMENT PROPERTY
FAIR VALUE
At 1January 2021
and 31December 2021 300,000
NET BOOK VALUE
At 31December 2021
At 31December 2020 300,000
9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f
Trade debtors 6,000 10,000
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f f
Other creditors 4,358 4,358

Net Transfers
At1.1.21 movement between At31.12.21
in funds funds
6 E
Unrestricted
funds
General
Fund		 128,667 64,854 (51,633) 141,888
Designated Commitments Fund 38,250 (47,033) 51,633 42,850
166.917 17,821 184,738
Endowment funds
Permanent Capital Fund 1,730,745 116,840 1,847,585
TOTALFUNDS 1,897,662 134,661
Net movement
in funds,		 included in the above are as follows:
Incoming Resources
Gains		 and losses Movement
In
resources expended funds
6 6 6
Unrestricted funds
GeneralFund 74,297 (9,443) 64,854
Designated Commitments Fund (47,033) (47,033)
Endowment funds
Permanent Capital Fund 116,840 116,840
TOTAL FUNDS 74,297 (56,476) 116,840 134,661
Comparatives
for movement		 in funds
Net Transfers
At 1.1.20 movement between At31.12.20
in funds funds
6 5
Unrestricted funds
General
Fund		 107,024 61,793 (40,150) 128,667
Designated Commitments Fund 54,050 (55,950) 40,150 38,250
161,074 5,843 166,917
Endowmentfunds
Permanent Capital Fund 1,771,085 (40,340) 1,730,745
TOTALFUNDS

Net movem ent
in		 funds, included
in the above are		 as follows: as follows:
Incoming Resources Gains and Movement
in
resources expended lasses funds
E E E E
Unrestricted funds
General
Fund		 74,451 (12p658) 61,793
Designated Commitments Fund (55,950) (55,950)
Endowment funds
Permanent Capital Fund (40,340) (40,340)
TOTAL FUNDS 74,451 (68,608) (40~) /~97)
A current year 12months and prior year 12months combined position is as follows:
Net Transfers
At 1.1.2020 movement between At
in funds funds 31.12.2021
E E E
Unrestricted funds
General
Fund		 107,024 126,647 (91,783) 141,888
Designated Commitments Fund 54,050 (102,983) 91,783 42,850
Endowment funds
Permanent Capital Fund 1,771,085 76,500 1,847,585
TOTAL FUNDS 1,932,159 100,164 2,092,323
A current year 12months and prior year 12months combined net movement in funds, included in the above are as follows:
Incoming Resources
Gains		 and Movement
In
resources expended losses funds
E E E E
Unrestricted funds
General
Fund		 148,748 (22,101) 126,647
Designated Commitments Fund (102,983) (102,983)
Endowment funds
Permanent Capital Fund 76,500 76,500
TOTALFUNDS 148,748 ~125,084) 76,500 100,164