2021-12-31-accounts

							2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies				34„048	87,687		121.735	87,430
Charitable activities
Centre ofAits				61,640			61.640	24,650
Investment income				30			30	616
Other income				49			49
Total				95,767	87.687		183.454	112,696
EXP ENDITURE	ON
Raising funds				5,033	3.537		8.570	690
Charitable activities
Centre ofAits				121,291			121,291	69,532
Total				126„324	3,537		129,861	70,222
Net gains/(losses) on
investments				(1,883)				1,093
NET
INCOME/(EXPENDITURE)				(32,440)	84,150		51,710	43,567
Transfers between	funds		14	177,175	(149,986)	~27, 1897
Net movement in	funds			144,735	(65,836)	(27,189)	51,710	43,567
RECONCILIATION		OF
FUNDS
Total funds brought		forward		117,672	65,836	27,189	210,697	167.130
TOTAL FUNDS CARRIED
FORWARD				262,407			262,407	210,697

						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes
FIXEDASSETS
Tangible assets		10	271,684			271,684	99,192
Investments		11					62,170
			271,684			271,684	151,362
CURRENT ASSETS
Debtors		12	11,115			11,115	2,754
Cash at bank and in hand			24,786			24,786	81,704
			35,901			35,901	84,458
CREDITORS
Amounts falling due within	one
year		13	(45,178)			(45,178)	(25,123)
NET CURRENT ASSETS			~9,277)			~9,277)	59,335
TOTAL ASSETS LESS
CURRENT LIABILITIES			262,407			262,407	210,697
NET ASSETS			262,407			262,407	210,697
FUNDS		14
Unrestricted funds						256,354	117,672
Restricted funds							65,836
Endowment funds							27,189
TOTAL FUNDS						262,407	210,697

DONATIO	NS	AND LE	GACIES
				2021	2020
Donations				93,031	66,663
Gift aid				9,761	2,219
Grants				18,943	18,548
				121,735	87,430
Grants received, included			in the above, are as follows:
				2021	2020
Chichester	District Council - Business Relief			18,943	11,334
Job Retention		Scheme			7,214
				18,943	18.548

3.	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME
							2021	2020
	Dividends		received				30	616
	INCOME		FROM CHARITABLE ACTIVITIES
							2021	2020
					Activity
	Subscriptions				Centre ofArts		294	1,370
	Booking fees				Centre ofArts		25,547	7,807
	Commission		on sale of
	artwork				Centre ofArts		24,790	9,923
	Events and		fundraising
	income				Centre ofArts			1,653
	Oxmarket	Shop			Centre ofArts		10,318	2,457
	Print Shop				Centre ofArts		691	1,440
							61,640	24,650
5.	CHARITABLE ACTIVITIES				COSTS
							Support
						Direct	costs (see
						Costs	note 6)	Totals
	Centre ofArts					56,162	65,129	121,291
6.	SUPPORT		COSTS
							Governance
					Management	Finance	costs	Totals
	Centre ofArts				64,489	395	245	65,129
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is stated after charging/(crediting):
							2021	2020
	Independent		examination	fees			245	1,440
	Depreciation		- owned assets				33,232	2,669
	Surplus on	disposal ofhved assets					(49)

STAFF COS	TS
					2021	2020
Wages and salaries					39.730	33,641
Other pension	costs				879	223
					40,609	33,864
The average monthly		number ofemployees	during	the year was as follows:
					2021	2020
Administration					2	2

TANGIBLE FIXEDASSETS
		Improvements
	1 reehold	to	Plant and
	property	propeity	machinery	Totals
COST
At 1st.lanuary 2021	119,917		49.012	168,929
Additions Disposals		203,190	2,534 ~191)	205,724 ~)9))
At 31st December 2021	119,917	203,190	51,355	374,462
'.'I
DEPRECIATION
At 1st January 2021	22,784		46.953	69,737
Charge for year L*liminated on disposal	1,199	30,479	1,554 (1911	33,232 ~191)
At 31st December 2021	23,983	30,479	48,316	102,778
NET BOOK VALUE
At 31st December 2021	95.934	172,711	3,039	271,684
At 31st December 2020	97,133		2,059	99,192

DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE	YEAR
		2021	2020
Amounts owed by group undertakings		10,717
Other debtors		139	2,381
Prepayments	and accrued income	259	373
		11,115	2,754

CREDITORS: AMO	UNTS FA	LLING DUE WITHIN ONE	YEAR
				2021	2020
Trade creditors				55494	2.069
Social security and other taxes				3.219	1,581
Other creditors				8,022
Accruals and deferred	income			28,443	21,473
				45,178	25 123
MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.1.21	in funds	funds	31.12.21
f 9 16
Unrestricted funds
General fund		18,179	(295736)	177.175	165,618
Building Fund (Designaled)		97,133	(1.199)		95,934
Capital Fund (Designated)		2,360	(1,505)		855
		117,672	(325440)	171.122	262,407
Restricted funds
Rosemaiy Portal Interest Fund Refiesh Project		9,590 56,246	(3,537) 87,687	(65053) ))43,9.")
		65.836	84,150	(149,986)
Endowment funds
Rosemaiy Portal		27,189		(27.189)
TOTAL FUNDS		210,697	51,710		262,407
Net movement in funds, included		in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		95,718	(123,571)	(1.883)	(29,736)
Building Fund (Designated) Capital Fund (Designated)			(1,199) ~),554)		(1,199) ~),505)
		95,767	(126,324)	(1.883)	(32.440)
Restricted funds
Rosemary Portal Interest Fund			(3,537)		(3,537)
Refresh Project		875687			87,687
		87,687	(3,537)		84,150
TOTAL FUNDS		183,454	()29.56))	(1,883)	51,710

		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 3,830	(1,199) ~),470)	97,133 2,360
	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	167,130	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)		(1,199)		(1,199)
Capital	Fund (Designated)		(1,470)		(1,470)
		46,003	(60,077)	1,093	(12,981)
Restricted funds
Rosemary I'ortal Interest Fund		302			302
Refresh	Project	66,391	(10,145)		56,246
		66,693	(10,145)		56,548
TOTAL FUNDS		112,696	~70.222)	1,093	43,567

A current year 12 months a	nd prior year 12 months	combined	position is as fol	lo	ws:	ws:
			Net		Transfers
			movement		between		At
		At 1.1.20	in funds			funds	31.12.21
Unrestricted funds
General fund		285491	(40,048)		177.175		165,618
Building Fund (Designated) Capital Fund (Designated)		985332 3,830	(2,398) ~2,975)				955934 855
		130,653	(45,421)		177,175		262,407
Restricted funds
Rosemary Poital Interest Fund Refresh Project		9,288	(3,235) 143,933		(6,053) (143,933)
		9,288	140,698		(149.986)
Endowment funds
Rosema)y Portal		27,189			(27,189)
TOTAL FUNDS		167,130	95,277				262,407
A current year 12 months	and prior year 12 months	combined	net movement	in	funds,	included	in the above ar
as follows:
		Incoming	Resources		Gains and		Movement
		resources	expended			losses	in funds
Unrestricted funds
General fund		1415721	(1805979)			(790)	(405048)
Building Fund (Designated) Capital Fund (Designated)		49	(2,398) ~024)				(2,398) ~2975)
		141,770	(186,401)			(790)	(45,421)
Restricted funds
Rosemary Portal Interest Fund Refresh Project		302 154,078	(3,537) ~10,145)				(35235) 143,933
		154,380	~13,682)				140,698
TOTAL FUNDS		296,150	(200,083)			(790)	95,277

			2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations			93.031	66,663
Gift aid			9,761	2,219
Grants			18,943	18,548
			121,735	87,430
Investment income
Dividends received			30	616
Charitable activities
Subscriptions			294	1,370
Booking fees			25,547	7,807
Commission on sale	of	aitwork	24.790	9,923
Events and fundraising		income		1,653
Oxmarket Shop			10,318	2,457
Print Shop			691	1,440
			61.640	24,650
Other income
Gain on sale oftangible		tixed assets
Total incoming resources			183,454	112,696
EXPENDITURE
Other trading activities
Events and fundraising		expenses	8,570	690
Charitable activities
Wages			39,730	33,641
Pensions			879	223
Premises running expenses			13.238	10,306
Repairs and maintenance Health and safety			865 1,450	509 ~212'
			56,162	44.467
Support costs
Management
Office expenses			10,219	3,062
Bookkeeping fees			3.566	1,876
Legal k licensing	expenses		3,772	10,393
Insurance			4,167	3.896
Carried forward			21,724	19.227

			2021	2020
Management
Brought forward			21,724	19,227
Other expenses			9,533	1,099
Freehold property			1,199	1,199
Improvements to property			30,479
Plant and machinery			1,554	1,470
			64,489	22,995
Finance
Bank charges			395	630
Governance costs
Independent examination		fees	245	1,440
Total resources expended			129,861	70,222
Net income before gains and losses			53,593	42,474
Realised recognised	gains	and losses
Realised gains/(losses)	on	fixed asset investments	~1,003)
Net income			31,710	42.474