2020-12-31-accounts - Oxmarket Centre Of Arts Limited

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					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	10	99,192			99,192	101,861
Investments	11	24 981		27,189	52 170	51077
		124,173		27,189	151,362	152,938
CURRENT ASSETS
Debtors	12	608	2,146		2,754	1,764
Cash at bank and in hand		18014	63,690		81,704	38,146
		18,622	65,836		84,458	39,910
CREDITORS
Amounts falling due within one
year	13	(25,123)			(25,123)	(25,718)
NET CURRENT ASSETS		~6,501)	65 836		59335	14 192
TOTAL ASSETSLESS
CURRENT LIABILITIES		117,672	65,836	27,189	210,697	167,130
NET ASSETS		117672	65 836	27 189	210697	167130
FUNDS	14
Unrestricted funds					117,672	130,653
Restricted funds					65,836	9,288
Endowment funds					27 189	27 189
TOTAL FUNDS					210,697	167,130

DONATIONS AND LE	GACIES
		2020	2019
Donations		66,663	7,900
Gift aid		2,219	376
Grants		~18 54&
		87,430	~8276
Grants received, included	in the above, are as follows:
		2020	2019
Chichester District Council - Business Relief		11,334
Job Retention Scheme		7,214
		18 548

3.	INVESTMENT INCOME	INVESTMENT INCOME
				2020	2019
	Dividends received			616	~1668
4.	INCOME FROM CHARITABLE ACTIVITIES
				2020	2019
		Activity
	Subscriptions	Centre ofArts		1,370	1,181
	Booking fees	Centre ofArts		7,807	51,242
	Commission on sale of
	artwork	Centre ofArts		9,923	13,189
	Events and fundraising
	income	Centre ofArts		1,653	2,390
	Oxmarket Shop	Centre ofArts		2,457	2,325
	Print Shop	Centre ofArts		~1440	2558
				~24 650	72,885
5.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 6)	Totals
	Centre ofArts		~44 467	~25 065	~69 532
6.	SUPPORT COSTS
				Governance
		Management	Finance	costs	Totals
	Centre ofArts	~22 995	630	~1440	25 065
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
				2020	2019
	Independent examination	fees		1,440	1,440
	Depreciation -owned assets			2,669	~2668

the normal course of	business.
STAFF COSTS
			2020	2019
Wages and salaries			33,641	41,852
Other pension costs			223	429
			~33 864	42 281
The average monthly	number ofemployees	during the year was as follows:
			2020	2019
Administration			2	3

	No employees received emoluments in excess off	60,000.
10.	TANGIBLE FIXEDASSETS
		Freehold	Plant and
		property	machinery	Totals
	COST
	At 1st January 2020 and
	31stDecember 2020	119917	49012	168929
	DEPRECIATION
	At 1st January 2020	21,585	45,483	67,068
	Charge for year	1 199	1 470	2669
	At 31stDecember 2020	22 784	46953	69737
	NET BOOK VALUE
	At 31stDecember 2020	97133	2 059	99,192
	At 31stDecember 2019	98332	3529	101861

12.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
	Other debtors		2,381	1,592
	Prepayments	and accrued income	373	172
			2,754	1,764
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
	Trade creditors		2,069	1,930
	Social security and other taxes		1,581	594
	Other creditors			81
	Accruals and	deferred income	21,473	~23 113
			~25 123	25,718

MOVEMENT IN FUNDS
		Net
		movement	At
	At 1.1.20	in funds	31.12.20
Unrestricted funds
General fund	28,491	(10,312)	18,179
Building Fund (Designated) Capital Fund (Designated)	98,332 3830	(1,199) ~1470)	97,133 2360
	130,653	(12,981)	117,672
Restricted funds
Rosemary Portal Interest Fund	9,288	302	9,590
Refresh Project		56 246	56,246
	9,288	56,548	65,836
Endowment funds
Rosemary Portal	27,189		27,189
TOTAL FUNDS	167130	43 567	210,697

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	46,003	(57,408)	1,093	(10,312)
Building Fund (Designated) Capital Fund (Designated)		(1,199) ~1470)		(1,199) ~1470)
	46,003	(60,077)	1,093	(12,981)
Restricted funds
Rosemary Portal Interest Fund	302			302
Refresh Project	66391	~10145)		56246
	66693	~10 145		56 548
TOTAL FUNDS	112696	~70222)	1 093	43,567

		Net
		movement	At
	At 1.1.19	in funds	31.12.19
Unrestricted funds
General fund	25,291	3,200	28,491
Building Fund (Designated) Capital Fund (Designated)	99,531 4999	(1,199) ~))69)	98,332 3830
	129,821	832	130,653
Restricted funds
Rosemary Portal Interest Fund	8,998	290	9,288
Endowment funds
Rosemary Portal	27,189		27,189
TOTAL FUNDS	166,008	1 122	167,130

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	82,539	(80,468)	1,129	3,200
Building Fund (Designated) Capital Fund (Designated)		(1,199) ~1169)		(1,199) ~1169)
	82,539	(82,836)	1,129	832
Restricted funds
Rosemary Portal Interest Fund	290			290
TOTAL FUNDS	~82 829	~82 836)	~1129	~1122

		Net
		movement	At
	At 1.1.19	in funds	31.12.20
Unrestricted funds
General fund	25,291	(7,112)	18,179
Building Fund (Designated) Capital Fund (Designated)	99,531 4999	(2,398) ~2639)	97,133 2360
	129,821	(12,149)	117,672
Restricted funds
Rosemary Portal Interest Fund	8,998	592	9,590
Refresh Project		56,246	56246
	8,998	56,838	65,836
Endowment funds
Rosemary Portal	27,189		27,189
TOTAL FUNDS	166008	44,689	210697

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	128,542	(137,876)	2,222	(7,112)
Building Fund (Designated) Capital Fund (Designated)		(2,398) ~2639)	-	(2,398) ~2,639)
	128,542	(142,913)	2,222	(12,149)
Restricted funds
Rosemary Portal Interest Fund	592			592
Refresh Project	66,391	~10 145		56,246
	66983	~)0 145		56 838
TOTAL FUNDS

		2020	2019
INCOME AND ENDOWMENTS
Donations and legacies
Donations		66,663	7,900
Gift aid		2,219	376
Grants		18,548
		87,430	8,276
Investment income
Dividends received		616	1,668
Charitable activities
Subscriptions		1,370	1,181
Booking fees		7,807	51,242
Commission on sale of	artwork	9,923	13,189
Events and fundraising	income	1,653	2,390
Oxmarket Shop		2,457	2,325
Print Shop		1,440	2 558
		24,650	72 885
Total incoming resources		112,696	82,829
EXPENDITURE
Other trading activities
Events and fundraising	expenses	690	805
Charitable activities
Wages		33,641	41,852
Pensions		223	429
Premises running expenses		10,306	18,609
Repairs and maintenance Health and safety		509 ~212)	79 1 466
		44,467	62,435
Support costs
Management
Office expenses		3,062	2,875
Bookkeeping fees		1,876	1,490
Legal &licensing expenses		10,393	5,560
Insurance		3,896	3,953
Other expenses		1,099	542
Freehold property		1,199	1,199
Plant and machinery		1 470	1 169
		22,995	16,788