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2022-03-31-accounts

Charity Number: 243486

THE MOWLEM INSTITUTE

TRUSTEES REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

THE MOWLEM INSTITUTE

CHARITY INFORMATION

Charity number 243486
Corporate Trustee The Mowlem Institute Charity Limited
Company Directors Mr P Angel
Ms L Dickins CDG (appointed 18 January 2022)
Mrs A Etherington
Mr N Field
Mr P Grover (resigned 17 January 2022)
Mr M Haysom (resigned 20 September 2022)
Mrs R Keeshan (resigned 17 January 2022)
Mr J Kessler (appointed 18 January 2022)
Mrs D Morley
Mrs D Paige
Mr D Sutcliffe
Mr K Wingfield-Bennett (appointed 18 January 2022)
Registered Office The Mowlem
Shore Road
Swanage
Dorset
BH19 1DD
Independent Examiner Christina Moncur FCCA DChA
Canopy Accounting
4 Alexandra Mews
70 Langdon Road
Poole
BH14 9EA

THE MOWLEM INSTITUTE

CONTENTS

Page
Report of the Trustees 1
Independentexaminer'sreport 7
Statementoffinancial activities 8
Balance sheet 9
Notes to thefinancialstatements 10

THE MOWLEM INSTITUTE

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022

The Trustee present their report and the financial statements of the company for the year ended 31 March 2022.

Principal Activity

The defined purpose of The Mowlem Institute as set out in the scheme of 1st October 1963 and consolidated in the schemes of 20th February 1973 and 5th September 2011 state:

The Trustees shall appropriate the building specified in the schedule hereto with the appurtenances thereof (hereinafter together referred to as the Institute building) for the benefit of the inhabitants of Swanage and in particular for the use of meeting, lectures and classes or for other recreation and leisure time occupation with the object of providing further education and improving the conditions of life for the said inhabitants.

In addition:

If and in so far as the Institute building is not required for actual use for the purposes of the Charity the Trustees may grant short or occasional lettings of the same or part thereof for any other purpose of benefit to the said inhabitants upon such terms as the Trustees think fit but so as not to impede the use of the same for the purposes of the Charity and may grant other lettings or leases thereof subject to the sanction of the Charity Commissioners.

In all its activities the Trustees have had due regard to the Charity Commission’s guidance on public benefit.

OBJECTIVES AND ACTIVITIES

ACHIEVEMENTS AND PERFORMANCE

Theatre

For the second year running, the financial year began with the Theatre in lockdown due to the COVID-19 pandemic, though in a stronger financial position that at the start of the previous year and with a strengthened Board of Trustees. The lockdown began in January and would continue until 19[th] July 2021.

Despite the difficulties presented by continued uncertainty we successfully reopened on 21[st] July with The Swanage School’s performance of Little Shop of Horrors. The summer season continued with a new play written and performed by Swanage Rep, an ambitious season of cinema, and three tribute acts in the week normally reserved for Swanage Carnival. Audiences remained low for live theatre but were as high as could be expected for the school show and the tribute bands, demonstrating confidence in the covid safety measures we continued to implement.

The largest community consultation ever undertaken by The Mowlem had taken place in March 2021 and by May the results could be reported back to the public, while Trustees started to integrate the most important findings into plans for programming and future development. The consultation results continue to inform our decision making.

Page 1

THE MOWLEM INSTITUTE

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022

An exciting Autumn season opened with two plays from Swanage Rep and a hugely well-received audio-visual show which enabled groups of visitors to tour backstage. Funded by Arts Council England, this proved incredibly popular with local people who had long wondered what went on ‘Behind the Scenes’. In October the ‘Making Memories’ dementia-friendly screening were launched, which continued across the year and have proved popular and worthwhile.

We also welcomed two Festivals to the theatre for the first time: Purbeck Film Festival presented 18 films including a well-attended Gala night, and Planet Purbeck held their first festival with two wellattended free screenings and activities taking place in and around the building.

Renewed Covid worries led to the launch of a winter fundraising appeal in late December 2021, successfully meeting the £5000 target to help keep the theatre open with reduced audiences. Thankfully, no further lockdowns were introduced and we were able to continue into a successful Swanage Drama Panto season in January 2022, followed in March 2022 by the return of Swanage Musical Theatre Company with their production of Made in Dagenham.

As of 31[st] March 2022 Trustees felt confident that having reopened successfully following two extended periods of lockdown, The Mowlem Theatre is well-placed to prove successful in the year ahead.

Investment property

Despite the 2021 Lockdown, the three tenancies on the ground floor remained stable and reopened when restrictions were eased.

Trustees board

Trustees continued to meet via Zoom throughout the lockdown, re-appointing Matthew Haysom as Chair for a second year and continuing to plan for the future. Some meetings were held in person once it was felt safe to do so, with many continuing on zoom or in hybrid format as that was often felt to be more convenient.

In July Trustees held a grant-funded two-day ‘Away day’ event supported by Counter Culture, a consultancy which provides “strategic, business and legal advice to help cultural, educational and creative organisations plan, manage and thrive”.

Three new Trustees joined the Board in January 2022: Kris Wingfield-Bennett, James Kessler and Laura Dickens. At the same time, Deborah Paige was appointed Co-Chair to provide support to Matthew Haysom.

Administration

Financial processes continued to be reviewed and improved on a rolling basis. We appointed a parttime Administrator just prior to the July reopening, which greatly eased the administration burden on the Operations Manager and Trustees.

Page 2

THE MOWLEM INSTITUTE

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022

COVID PANDEMIC

The Theatre took advantage of the Government Furlough Scheme which enabled all staff to be kept on throughout the 2021 lockdown.

The Theatre also took advantage of Government Grants provided to closed businesses which enabled us to continue to improve areas of the theatre in preparation for reopening. The Theatre also kept the Bounce Back Loan of £50,000 in reserve.

FUTURE PLANS

In the 2022/2023 financial year the Theatre has had a more diverse programme, which has been well received by the audiences. The programming committee continues to look at extending the programme to include live streaming and more professional theatre performances.

FINANCIAL REVIEW

The income increased for the 2022 year to £249,676 from £119,072 which was due to the Theatre been open following the COVID-19 pandemic. The theatre has taken the opportunity to do some refurbishments to the building and this resulted in an increase in costs. There has also been a large increase in staff costs following the employment of the administrator and technician. This resulted in a deficit for the year of £41,715 in unrestricted funds. The Theatre received a grant during March 2022 for a Jubilee project to be held in June 2022.

Unrestricted funds reduced to £129,537 (2021: £171,252). Total funds reduced to £802,384 (2021: £834,606).

RESERVES POLICY

The Trust’s Reserves policies are:

a. that liquid assets should be maintained sufficient to meet three months’ forward operational expenditure. At the year end the unrestricted funds totalled £129,537 and were made up of fixed assets of £120,658 and net current assets of £45,340 (20201 £87,726). The net current assets are not enough to cover the three months’ operational expenditure however the directors are working at how this amount can be improved over the next three years.

b. capital expenditure commitments are permitted only against agreed lines of funding available for immediate drawdown.

LEGAL AND ADMINISTRATION DETAILS

The official name of the Charity is The Mowlem Institute. The Charity was registered with the Charity Commission of England and Wales on 5 August 1965, charity number 243486. The charity has a dormant corporate trustee The Mowlem Institute Charity Limited. The registered office of the Charity is situated at The Mowlem, Shore Road, Swanage, BH19 1DD.

Page 3

THE MOWLEM INSTITUTE

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES

The Trustees who served throughout the period and at the date of this report are as follows:

VOLUNTEERS

Trustees continue to volunteer time in addition to their roles on the Board. Volunteer duties include bar, ushering and other duties in support of staff, marketing and media activities, hosting and catering for visiting acts and further activities.

A volunteer minute-taker joined Board meetings from October 2021, relieving this duty from the Administrator. Further volunteers are being sought, taking care not to replace paid staff where they are available and affordable.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust follows Charity Commission guidelines, HMRC guidance on the “fit and proper persons” test, and the NCVO code for the voluntary and community sector to ensure effective administration.

Upon appointment each trustee is provided with suitable induction material and support. The Trustees meet monthly to agree the strategy and areas of activity of the organisation. The day-today administration is delegated to the Manager and staff.

Safeguarding and Health and Safety matters are kept under periodic review at Board meetings.

RISK MANAGEMENT

The Trustee has reviewed the risks of the Theatre. The main risk to the Theatre is falling audience numbers which impact directly on the income received.

STAFF

There was one full time employee, the Operations Manager, who managed the theatre at the start of the year. This employee was supported by nine part time projection, box office, front-of-house and bar/kiosk staff.

A full-time Administrator and a full-time Technician in time for reopening, increasing our professional staffing team and giving us increased capacity to properly run both Theatre and Bar.

Page 4

THE MOWLEM INSTITUTE

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022

FUNDRAISING

During the year the charity had a second successful Crowdfunder over Christmas 2021 resulting in donations of £5,628 plus £1,112 in Gift Aid.

Our fundraising is managed internally, without using professional fundraisers. We have received no complaints about our fundraising activities and are GDPR compliant. We are registered for Gift Aid.

INVESTMENTS

The charity rents out the retail and hospitality units on the ground floor of the theatre building as investments. Any surplus liquid funds are placed in short-term deposits, which can be accessed rapidly.

Statement of Trustees' Responsibilities

The directors of the Corporate Trustee are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustee is required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

THE MOWLEM INSTITUTE

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland second edition.

Signed by order of the Trustee

Nick Field

30 January 2023

Paul Angel 30 January 2023

Page 6

THE MOWLEM INSTITUTE

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

I report on the accounts of The Mowlem Institute (charity number 243486) for the period ended 31 March 2022, which are set out on pages 8 to 19.

Responsibilities and basis of report

I report to the trustee on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2021.

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

I have completed my examination. In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Christina Moncur FCCA DChA

4 Alexandra Mews, 70 Langdon Road Poole, BH14 9EA 31 January 2023

Page 7

THE MOWLEM INSTITUTE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
Income
Donations
Grants
Investment income
Income from
charitable activities
Theatre and Cinema
Kiosk
Total income
Expenditure on
Raising funds
2
Charitable Activities
2
Theatre and Cinema
Kiosk
Total expenditure
4
Net (expenditure)/
income
Transfer between
funds
Net movement in
funds
Balance brought
forward at 1 April
2021
Balance carried
forward 31 March
2022
11		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
11,030
-
-
11,030
9,317
28,267
9,995
-
38,262
51,327
47,700
-
-
47,700
47,097
86,997
9,995
-
96,992
107,741
115,466
-
-
115,466
10,686
47,214
-
-
47,214
646
249,677
9,995
-
259,672
119,072
-
-
-
-
3,452
269,713
-
502
270,215
87,480
21,679
-
-
21,679
1,106
291,392
-
502
291,894
92,038
(41,715)
9,995
(502)
(32,222)
27,034
-
-
-
-
-
(41,715)
9,995
(502)
(32,222)
27,034
171,252
-
663,354
834,606
807,572
129,537
9,995
662,852
802,384
834,606

All recognised gains and losses during the year are included in the Statement of Financial Activities. All the activities of the charity are classed as continuing.

The notes on pages 10 to 19 form part of these financial statements.

Page 8

THE MOWLEM INSTITUTE

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2022

Notes
Fixed assets
Tangible Assets
6
Investments
7
Current assets
Debtors
8
Inventory
9
Cash at bank
Current liabilities
Creditors: amounts
falling due within
one year:
10
Net current assets
Creditors: amounts
falling due in more
than one year:
11
Net assets
Represented by:
Restricted Funds
12
Endowment Funds
Unrestricted Funds
Total funds		 2022
2021
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
Total
£
£
£
£
120,658
-
123,342
244,000
254,227
-
-
539,510
539,510
539,510
120,658
-
662,852
783,510
793,737
12,250
-
-
12,250
6,081
9,774
-
-
9,774
155
60,034
9,995
-
70,029
89,850
82,058
9,995
-
92,053
96,086
36,718
-
-
36,718
8,359
36,718
-
-
36,718
8,359
36,461
-
-
36,461
46,857
129,537
9,995
662,852
802,384
834,606
-
9,995
-
9,995
-
-
-
662,852
662,852
663,354
129,537
-
-
129,537
171,252
129,537
9,995
662,852
802,384
834,606

These accounts have been prepared in accordance with the provisions applicable to charities.

On behalf of the Board of Trustees

…………………………………………………….. …………………………………………………….. Nick Field, Treasurer Paul Angel, Chair

30 January 2023

The notes on pages 10 to 19 form part of these financial statements.

Page 9

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

1.1 Basis of the preparation of accounts

The financial statements have been prepared under the historical cost convention, with the exception of listed investments which are included at their market value. The financial statements have been prepared in accordance with the Charity Commission Statement of Recommended Practice - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2019).

The Trustees confirm that the Charity is a public benefit entity as defined by FRS 102.

The accounts have been prepared under the historical cost convention. The financial statements are prepared in pounds sterling, which is the functional currency of the charity.

At the time of approving the financial statements and after considering the ongoing COVID-19 pandemic, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

The Charity is a public benefit entity. The accounting policies have been applied consistently throughout the accounts and the prior year.

The charity has taken the exemption provided in Update Bulletin 1 updating Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) allowing small charities not to prepare a cash flow statement.

1.2 Fund accounting

1.2.1 Unrestricted Funds These funds can be used for any of the charity's purposes.

1.2.2 Restricted Funds These funds have been given to the Trust for a particular purpose to be used in accordance with the wishes of the donor. 1.2.3 Endowment Funds This fund relates to the land and building donated to the Charity and which can be used for charitable purposes as set out in the Trust deed.

Page 10

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1.3 Depreciation

Items are capitalised that cost over £1,000 and have an ongoing value in use to the charity.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset over its expected useful life as follows:

Computers, furniture and other equipment: 25% straight line Cinema and theatre equipment: 20% straight line Fixtures and fittings: 10% straight line

Land and buildings: Land not depreciated Buildings depreciated over 75 years Refurbishment costs: Boilers - 10 years, Seating - 25 years, Windows - 15 years for opening doors and windows and 30 years for other windows, Projector - 20 years, Cinema Screen and bar ventilation - 10 years, Lift - 15 years

1.4 Income

Donations, gifts, legacies and similar incoming resources are accounted for when receivable, which is when the Charity becomes entitled to the resource.

Gift Aid reclaimable on donations to the Charity is included with the amounts received.

Investment income, represented by bank interest and shop and restaurant lettings is credited to the Statement of Financial Activities on a receivable basis.

Income from theatre and cinema admission fees is included in incoming resources in the period in which the relevant performance takes place. Where a series of productions straddles the end of the accounting period the income is recognised in the period in which the majority of the performances take place. Income related to productions or lettings in a subsequent period is treated as deferred income.

Income from commercial activities is included in the period in which the activity takes place.

Gifts in kind have been realised at cost.

Page 11

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1.5 Expenditure

Expenditure is recognised when a liability is incurred.

Costs of raising funds are those costs incurred in attracting donations and those incurred in the operation of trading activities that raise funds.

Charitable activities include expenditure associated with the operation of the theatre and such directly associated activities as touring and educational programmes. Cost of charitable activities include both the direct cost of activities and related support costs.

Support costs include central functions and have been allocated to activity costs on a basis consistent with the use of resources. This is on the basis of the relative proportion of direct costs incurred.

Governance costs are the costs incurred in the governance of the charity and associated constitutional and statutory requirements. These costs are allocated between the charitable activities.

Where performances of a production straddle the balance sheet date, production costs are allocated to the period in which the greater number of performances fall, this matches the allocation of income to related productions.

1.6

Investments

The Statement of Recommended Practice requires investments to be stated at market value. The investments of the Mowlem Institute consist of commercial shop and restaurant units within the Mowlem building.

1.7 Financial Instruments

The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised initially in the accounts at transaction price, including any transaction costs. At the end of each accounting period, basic financial instruments are recognised at amortised cost. For debt instruments this is calculated using the effective interest rate method.

1.8 Critical estimate and judgements and key sources of estimation uncertainty

In the application of the Charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision effects both current and future periods.

Page 12

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Analysis of Expenditure

Direct Costs
Cinema costs
Theatre costs
Kiosk costs
General theatre costs
Investment property costs
Support Costs
Staff costs
Legal and professional fees
Building maintenance
Rates and services
Office costs
Depreciation		 Raising funds
Theatre and
Cinema
Investment
costs
Total 2022
Raising
funds
Theatre and
Cinema
Investment
costs
Total 2021
£
£
£
£
£
£
£
£
-
21,132
-
21,132
-
7,995
-
7,995
-
43,762
-
43,762
-
231
-
231
-
21,679
-
21,679
-
1,106
-
1,106
-
6,597
-
6,597
-
3,302
-
3,302
-
-
-
-
-
-
3,452
3,452
-
81,695
-
81,695
-
9,548
-
9,548
-
12,523
-
12,523
-
13,895
-
13,895
-
60,120
-
60,120
-
15,857
-
15,857
-
13,125
-
13,125
-
13,463
-
13,463
-
11,722
-
11,722
-
6,083
-
6,083
-
19,037
502
19,539
-
16,604
502
17,106
-
291,392
1,288
291,894
-
88,084
3,954
92,038

Page 13

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3
Total expenditure
Independent examiners fees
Amounts payable under operating leases
Government grants
Depreciation
4
Staff costs
Average number of employees during the year
Employees earning between £60,000 and £70,000
Staff costs:
Wages & Salaries
HMRC – COVID Furlough
Social security costs
Pensions and other staff costs		 2022
2021
£
£
1,050
500
-
-
(30,122)
(88,640)
19,539
17,106
2022
2021
10
10
-
-
2022
2021
£
£
90,361
50,653
(11,850)
(42,313)
1,566
-
1,618
1,208
81,695
9,548

5 Related party transactions and trustee’s remuneration

Trustees received no emoluments (2021: £nil) during the year.

No trustees made donations during the year.

The Trustees are not aware of any other Related Party Transactions.

Page 14

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6 Tangible Fixed Assets

Cost
Brought forward 1 April
2021
Additions
Disposals
At 31 March 2022
Depreciation:
Brought forward 1 April
2021
Depreciation - disposals
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Land and
Buildings
Equipment
Refurbishment
Total
£
£
£
150,700
40,572
238,475
429,747
-
7,419
1,894
9,313
-
-
-
-
150,700
47,991
240,369
439,060
26,856
31,373
117,292
175,521
-
-
-
-
502
3,115
15,922
19,539
27,358
34,488
133,214
195,060
123,342
13,503
107,155
244,000
123,844
9,199
121,183
254,226

None of the above fixed assets are used for direct charitable purposes but all are used to support charitable activities.

Page 15

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7 Investments

Valuation of investment properties 2022
2021
£
£
539,510
539,510
539,510
539,510

The trustees have considered the valuation at 31 March 2022 in light of rent collections continuing to be strong, therefore, the trustees do not consider there to be a material impairment at this time.

8 Debtors

Prepayments and accrued income
9
Inventory
Kiosk stock		 2022
2021
£
£
12,250
6,081
12,250
6,081
2022
2021
£
£
9,774
155
9,774
155

10 Creditors: Amounts falling due within one year

Bounce back loan due in one year
Accounts payable
Tax and social security
Other Creditors
Accruals & Deferred Income
11
Creditors: Amounts falling due in more than one year
Bounce back loan
Amount due in 2 to 5 years
Amount due in more than 5 years		 2022
2021
£
£
10,396
3,143
10,490
2,479
3,815
(1,539)
9,189
2,524
2,828
1,752
36,718
8,359
2022
2021
£
£
36,461
42,594
-
4,263
36,461
46,857

Page 16

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12 Movements in funds

General Fund
Restricted Fund
SW!M project
Endowment Fund
Charitable building
Investment property
Comparatives
General Fund
Restricted Fund
Building
refurbishment fund
Development fund
Endowment Fund
Charitable building
Investment property		 01/04/2021
Incoming
resources
Outgoing
resources
Transfer
between
funds
31/03/2022
£
£
£
£
171,252
249,677
(291,392)
-
129,537
-
9,995
-
-
9,995
123,844
-
(502)
-
123,342
539,510
-
-
-
539,510
663,354
-
(502)
-
662,852
834,606
259,672
(291,894)
-
802,384
01/04/2019
Incoming
resources
Outgoing
resources
Transfer
between
funds
31/03/2020
£
£
£
£
134,341
114,072
(77,161)
-
171,252
9,375
-
(9,375)
-
-
-
5,000
(5,000)
-
-
124,346
-
(502)
-
123,844
539,510
-
-
-
539,510
663,856
-
(502)
-
663,354
807,572
119,072
(87,038)
-
834,606

Page 17

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13
Statement of financial		 activities comparatives activities comparatives
Unrestricted Restricted Endowment
Funds Funds Funds Total
£ £ £ £
Income
Donations 9,317 - - 9,317
Grants 46,327 5,000 - 51,327
Investment income 47,097 - - 47,097
102,741 5,000 - 107,741
Income from charitable
activities
Theatre and Cinema 10,686 - - 10,686
Kiosk 646 - - 646
Total income 114,073 5,000 - 119,073
Expenditure on
Raising funds 3,452 - - 3,452
Charitable Activities
Theatre and Cinema 72,604 14,375 502 87,481
Kiosk 1,106 - - 1,106
Total expenditure 77,162 14,375 502 92,039
Net (expenditure)/
income 36,911 (9,375) (502) 27,034
Transfer between funds - - - -
Net movement in funds (14,219) 77 (502) (14,644)
Balance brought forward
at 1 April 2020 134,341 9,375 663,856 807,572
Balance carried forward
31 March 2021		 171,252 - 663,354 834,606

Page 18

THE MOWLEM INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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|||||| |---|---|---|---|---| |14|Balance sheet comparatives| |Unrestricted|Restricted|Endowment| |Funds|Funds|Funds|Total| |£|£|£| |Fixed assets| |Tangible Assets|130,383|-|123,844|254,227| |Investments|-|-|539,510|539,510| |130,383|-|663,354|793,737| |Current assets| |Debtors|6,081|-|-|6,081| |Inventory|155|-|-|155| |Cash at bank|89,849|-|-|89,849| |-|-| |96,085|96,085| |Current liabilities| |Creditors: amounts falling| |-|-| |due within one year:|8,359|8,359| |Net current assets|87,727|-|-|87,727| |Creditors: amounts falling| |due in more than one| |-|-| |year:|46,857|46,857| |Net assets|171,252|-|663,354|834,606| |Represented by:| |Restricted Funds|-|-|-|-| |Endowment Funds|-|-|663,354|663,354| |Unrestricted Funds|171,252|-|-|171,252| |Total funds|171,252|-|663,354|834,606|

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