##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|fund|funds|funds|
|||Notes||||||
|INCOME AND||||||||
|ENDOWMENTS FROM||||||||
|Donations
and legacies|||21,039|66,391||87,430|8,276|
|Charitable
activities||||||||
|Centre ofArts|||24,650|||24,650|72,885|
|Investment
income|||314|302||616|1 668|
|Total|||46,003|66,693||112,696|82,829|
|EXPENDITURE ON||||||||
|Raising funds|||690|||690|805|
|Charitable
activities||||||||
|Centre ofArts|||59,387|10,145||69,532|82,031|
|Total|||60,077|10,145||70,222|82,836|
|Net gains on investments|||1 093|||1,093|I 129|
|NET||||||||
|INCOME/(EXPENDITURE)|||(12,981)|56,548||43,567|1,122|
|RECONCILIATION|OF|||||||
|FUNDS||||||||
|Total funds brought forward|||130,653|9,288|27,189|167,130|166,008|
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||117672|65 836|27,189|210697|167130|
##
##
||||||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|
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 1stJanuary 2020|51,077|
|Revaluations|1,093|
|At 31stDecember 2020|52,170|
|NET BOOK VALUE||
|At 31stDecember 2020|52,170|
|At 31stDecember 2019|51,077|
|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|
||||2020|2019|
|---|---|---|---|---|
|Management|||||
|Finance|||||
|Bank charges|||630|1,368|
|Governance|costs||||
|Independent|examination|fees|1,440|1 440|
|Total resources|expended||70,222|82,836|
|Net income/(expenditure)|||42 474|~7)|