##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||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|