2022-03-31-accounts - The Hounslow Arts Trust Ltd

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				Page
Reference and administrative	details	ofthe Company,	its Trustees and advisers	1-2
Trustees' Report				3-28
Aims
Watermans" objectives	in 2021-22
Creative Programme
Review by programme	strand
Organisational development			15
Future plans			18
Structure governance	&management		20
Financial review			23
Independent auditors' report on the		financial statements		29-32
Consolidated statement offinancial		activities		33
Consolidated balance sheet				34
Company balance sheet				35-36
Consolidated statement ofcash flows				37
Notes to the financial statements				38-56

				Unrestricted	Restricted	Designated	Total	Total
				funds	funds	funds	funds	funds
			Note	2022f	2022 6	2022 6	2022	2021
Income and
endowments		from:
Donations and
legacies				613,292	518,713		1,132,005	1,224,016
Charitable activities				228,789			228,789	49,381
Other trading	activities			59,325			59,325	24,738
Investments				7			7	49
Total income		and
endowments				901,413	518,713		1,420,126	1,298,184
Expenditure	on:
Raising funds				32,526			32,526	35,890
Charitable activities				831,513	523,841		1,355,354	1,277,188
Total expenditure				864,039	523,841		1,387,880	1,313,078
Net incomel
(expenditure)				37,374	(5,128)		32,246	(14,894)
Transfers between
funds			17	(46,977)		46,977
Net movement		in
funds				(9,603)	(5,128)	46,977	32,246	(14,894)
Reconciliation		of
funds:
Total funds brought
forward				433,198	10,726	64,075	507,999	522,893
Net movement		in
funds				(9,603)	(5,128)	46,977	32,246	(14,894)
Total funds carried
forward				423,595	5,598	111,052	540,245	507,999

					2022		2021
			Note				6
Fixed assets
Tangible assets			12		51,545		85,256
Investments			13		2		2
					51,547		85,258
Current assets
Stocks				21		21
Debtors			14	308,826		279,558
Cash at bank and	in hand			493,561		711,407
				802,408		990,986
Creditors: amounts	falling	due within one
year			15	(339,374)		(579,701)
Net current assets					463,034		411,285
Total assets less	current	liabilities			514,581		496,543
Creditors: amounts	falling	due after more
than one year					(33,042)		(42,901)
Total net assets					481,539		453,642
Charity funds
Designated funds			17		111,052		64,075
Restricted funds			17		5,598		10,726
Unrestricted funds			17		364,889		378,841
Total funds					481,539		453,642

					2022	2021
Cash flows from operating	activities			Note	6	6
Net cash used in operating	activities
					(224,838)	229,916
Cash flows from investing	activities
Dividends, interests and rents from investments
Purchase oftangible fixed assets						49
						(20,694)
Net cash used in investing	activities
					7	(20,645)
Cash flows from financing	activities
Cash inflows from new borrowing
Repayments ofborrowing						50,000
					(6,310)
Net cash (used in)/provided	by financing		activities		(6,310)	50,000
Change in cash and cash equivalents in Cash and cash equivalents at the beginning			the year ofthe year		(231,14'I) 800,713	259,271 541,442
Cash and cash equivalents	at the end	of	the year		569,572	800,713
The notes on pages 38 to 56 form part of		these financial statements

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022f	2022	2022	2021f
Arts Council England		(ACE) - NPO funding	122,917		122,917	122,917
ACE - Culture Recovery Fund			169,046		169,046	234,548
ACE - Creative People and Places				319,942	319,942	396,822
ACE - Circulate				105,697	105,697	75,584
We Are Hounslow	-	LBH funding	100,000		100,000	100,000
			391,963	425,639	817,602	929,871
Donations			144,788		144,788	38,853
Other public sector	contracts		22,216	93,074	115,290	131,638
Other government	grants		54,325		54,325	123,654
			221,329	93,074	314,403	294,145
			613,292	518,713	1,132,005	1,224,016
Total 2021			636,032	587,984	1,224,016

		Unrestricted	Total	Total
		funds	funds	funds
		2022f	2022 f.	2021f
Programme	delivery	228,789	228,789	49,381
Total 2021		49,381	49,381

		Unrestricted	Total	Total
		funds	funds	funds
		2022f	2022f	2021 6
Trading	income from subsidiary	59,325	59,325	24,738
Total 2021		24,738	24,738

						Unrestricted	Total	Total
						1'unds	funds	funds
						2022	2022	2021
						6	E	6
interest receivable								49
Total 2021						49	49
Expenditure		on raising funds
Costs ofraising voluntary			income
					Unrestricted	Designated	Total	Total
					funds	funds	funds	funds
					2022	2022	2022 6	2021f
Expenditure	on raising voluntary			income	8,240		8,240	8,117
Wages and	salaries				21,906		21,906	24,908
Social security		costs			1,790		1,790	2,444
					31,936		31,936	35,469
Total 2021					28,469	7,000	35,469

			Linrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				E
Expenditure	on fundraising	trading	590	590	421
Total 2021			421	421

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022f	2022 F	2021 8
Direct	and	support	costs	831,513	523,841	1,355,354	1,277,188
Total	2021			684,076	593,112	1,277,188

				Activities
				undertaken	Support	Total	Total
				directly	costs	funds	funds
				2022 F	2022 6	2022f	2021 F
Direct	and	support	costs	969,715	385,639	1,355,354	1,277,188
Total	2021			917,220	359,968	1,277,188

				Programme	Total	Total
				delivery	funds	funds
				2022	2022	2021
				6		8
Programme	costs			313,440	313,440	349,231
Technical production			costs	418,284	418,284	470,091
Front ofhouse		costs		172,807	172,807	53,405
Marketing and		promotion		13,318	13,318	4,222
Telephone				4,131	4,131	1,380
Printing and	stationery			14,235	14,235	12,806
Postage				6,691	6,691	5,877
Office equipment				708	708	184
Finance costs				1,487	1,487	1,179
Licences and		subscriptions		2,854	2,854	2,959
Futurebuilders		costs		10,379	10,379	7,931
Staff costs				9,011	9,011	5,731
Depreciation				2,370	2,370	2,224
				969,715	969,715	917,220
Total 2021				91?,220	917,220

						Total	Total
					Activities	funds	funds
					2022	2022	2021
					6		F
Staff costs					123,415	123,415	136,758
Depreciation					27,920	27,920	29,738
Insurance					9,793	9,793	11,918
Repairs and	maintenance				31,628	31,628	37,844
ITsystems	maintenance				13,566	13,566	16,699
Staff recruitment and training					3,300	3,300	35
Legal and professional		fees			22,728	22,728	16,445
Rates and sundry expenses					113,829	113,829	73,297
Bad debt provision					9,163	9,163
Governance	costs				30,297	30,297	37,234
					385,639	385,639	359,968
Total 2021					359,968	359,968
Staff costs
				Group	Group	Company	Company
				2022	2021f	2022	2021
Wages and	salaries			434,001	484,528	434,001	484,528
Social security costs				30,633	35,390	30,633	35,390
Contribution	to defined	contribution	pension
schemes				11,714	11,657	11,714	11,657
				476,348	531,575	476,348	531,575

Group	Group
2022	2021
	27

			Group	Group
			2022	2021
Programme		support/cinema	g
Marketing			2
Customer	relations		14
Management		and administration	4
Finance			2
Technical	production		3
			34	27

		Theatre,
		cinema and
	Building and	gallery	Cafe and bar	Computer
	capital works	equipment	equipment	equipment	Total
	F		F	6
Cost or valuation
At 1 April 2021	646,797	276,314	17,187	198,314	1,138,612
Disposals	(10,363)				(10,363)
At 31 March 2022	636,434	276,314	17,187	198,314	1,128,249
Depreciation
At 1 April 2021	611,323	232,734	17,187	192,112	1,053,356
Charge for the year	8,920	15,575		3,426	27,921
On disposals	(4,573)				(4,573)
At 31 March 2022	615,670	248,309	17,187	195,538	1,076,704
Net book value
At 31 March 2022	20,764	28,005		2,776	51,545
At 31 March 2021	35,474	43,580		6,202	85,256

	Investments
	in subsidiary
	companies
Company		E
Cost or valuation
At 1 April 2021
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021

Name				Company	Class of	Holding
				number	shares
Sharedart	Limited			01807735	Ordinary	100'I
The financial		results ofthe subsidiary	for the year were:
Name				Income	Expenditure	Net assets
					E	E
Sharedart	Limited			59,325	24,950	55,709

		Group	Group	Company	Company
		2022	2021	2022	2021
		6	6	6
Due within one year
Trade debtors		41,067	42,052	23,434	33,857
Amounts owed by group undertakings				31,574	34,345
Other debtors		12,330	788	12,330	786
Prepayments	and accrued income	245,532	210,745	241,488	210,570
		298,929	253,583	308,826	279,558

		Group	Group	Company	Company
		2022	2021	2022	2021
					8
Bank loans		10,647	7,099	10,647	7,099
Trade creditors		69,767	92,188	69,767	92,188
Other taxation and social security		12,995	16,596	11,507	15,109
Other creditors		67,874	81,688	63,880	77,694
Accruals and deferred	income	185,492	391,102	183,573	387,611
		346,?75	588,673	339,374	579,701

		Group	Group	Company	Company
		2022f	2021	2022	2021 6
Bank	loans	33,042	42,901	33,042	42,901

					Group	Group	Company	Company
					2022	2021	2022	2021
							6	6
Payable	or	repayable	by	instalments		3,549		3,549
						3,549		3,549

Statement offunds
Statement offunds - current	year
					Balance at
	Balance at 'i			Transfers	31 March
	April 2021 F	Income	Expenditure 6	In/out f	2022 6
Unrestricted funds
General Funds	433,198	901,413	(864,039)	(46,977)	423,595
Designated funds
Cultural education partnership	10,000				10,000
Chair and trustee recruitment	2,400				2,400
Artistic programme	51,675			46,977	98,652
	64,075			46,977	111,052
Restricted funds
ACE - Capital Works	10,726		(5,128)		5,598
ACE - Circulate		105,697	(105,697)
ACE - Creative people and
places		319,942	(319,942)
Other public sector contracts		93,074	(93,074)
	10,726	518,713	(523,841)		5,598
Total offunds	507,999	1,420, 126	(1,387,880)		540,245

Statement offund	s - prior year
					Balance at
		Balance at			31 March
		1 April 2020	Income	Expenditure	2021
		F		6	F
Unrestricted funds
General Funds		435,964	710,200	(712,966)	433,198
Designated funds
Cultural education	partnership	10,000			10,000
Fundraising campaign		7,000		(7,000)
Chair and trustee recruitment		2,400			2,400
Artistic programme		51,675			51,675
		71,075		(7,000)	64,075
Restricted funds
ACE - Capital Works		15,854		(5,128)	10,726
ACE - Circulate			75,584	(75,584)
ACE - Creative people and places			396,822	(396,822)
Other public sector	contracts		115,578	(115,578)
		15,854	587,984	(593,112)	10,726
Total offunds		522,893	1,298,184	(1,313,078)	507,999

Analysis	of net assets between funds - c	urrent year
		Unrestricted	Restricted	Designated	Total
		funds	funds	funds	funds
		2022	2022	2022	2022
		8			8
Tangible	fixed assets	45,947	5,598		51,545
Current	assets	757,465		111,052	868,517
Creditors	due within one year	(346,775)			(346,775)
Creditors	due in more than one year	(33,042)			(33,042)
Total		423,595	5,598	111,052	540,245
Analysis	ofnet assets between funds - prior year
		Unrestricted	Restricted	Designated	Total
		funds	funds	funds	funds
		2021	2021	2021	2021
					6
Tangible	fixed assets	74,530	10,726		85,256
Current	assets	990,242		64,075	1,054,317
Creditors	due within one year	(588,673)			(588,673)
Creditors	due in more than one year	(42,901)			(42,901)
l			10,726	64,075	507,999

			Group	Group
			2022	2021
			6	6
Not later than		1 year	3,537	3,615
Later than	1 year and not later than 5years		4,425	7,961
			7,962	11,576