| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds f |
funds f |
fundsf | funds f |
||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
2 | 91,195 | 13,061 | 104P56 | 258,599 | |
| Charitable activities | ||||||
| Development ofArts |
103,805 | 103,&05 | 19,427 | |||
| Other trading activities | 3 | 62,660 | 62,660 | 26,000 | ||
| Investment income |
4 | 70,804 | 70,804 | 70,946 | ||
| Total | 328,464 | 13,061 | 341,525 | 374,972 | ||
| EXPENDITURE ON | ||||||
| Charitable acdvltles | ||||||
| Development ofArts |
344,195 | 12,826 | 357,021 | 315,960 | ||
| NET INCOME/(EXPENDITURE) | (15,731) | 235 | (15,496) | 59,017 | ||
| Transfers between funds | 16 | 11,376 | (11,376) | |||
| Net movement in funds |
(4,355) | (11,141) | (15,496) | 59,012 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 2,060,301 | 17,333 | 2,077,634 | 2,018,622 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,055,946 | 6,192 | 2,062,138 | 2,077,634 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restdicted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | f | E | E | E | |
| FIXEDASSETS | |||||
| Tangible assets | 9 | 950,243 | 950,243 | 982,863 | |
| Investments | |||||
| Investments | 10 | 2 | 2 | 2 | |
| Investment property |
11 | 945,000 | 945,000 | 945,000 | |
| 1,895,245 | 1,895,245 | 1,927,865 | |||
| CURRENT ASSETS | |||||
| Debtors | 12 | 82,515 | 82,515 | 45,717 | |
| Cash at bank and in hand | 195,445 | 9,773 | 205,218 | 234,404 | |
| 277,960 | 9,773 | 287,733 | 2S0,121 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
13 | (97,259) | (3,581) | (100,840) | (110,352) |
| NET CURRENT ASSETS | 180,701 | 6,192 | 186,893 | 169,769 | |
| TOTAL ASSETSLESS CURRENT LIABIUIIES | 2,075,946 | 6,192 | 2,082,138 | 2,097,634 | |
| CREDITORS | |||||
| Amounts fafilng due after more than one year |
14 | (20,000) | (20,000) | (20,000) | |
| NET ASSETS | 2,055,946 | 6,192 | 2,062,138 | 2,077(634 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
2,055,946 | ?,060,301 | |||
| Restricted funds | 6,192 | 17,333 | |||
| TOTAL FUNDS | 2,062,13S | 2,077,634 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | 6 | |||
| Donations | 5,343 | 9,892 | ||
| Grants | 97,413 | 248,707 | ||
| Donated | services and fadlities | 1,500 | ||
| 104,256 | 258,599 | |||
| Grants received, included | in the above, are asfollows: | |||
| 2022 | 2021 | |||
| 6 | 6 | |||
| Arts Council England | 92,840 | 216,734 | ||
| Lifting the Lid Daisle Rich Trust |
2,000 | 9,550 1/50 |
||
| Furlouah | scheme | 1,087 | 21,073 | |
| Other grants | 1,486 | |||
| 97,413 | 248,707 |
| OTHER TRADI | NU ACllVITIES | ||
|---|---|---|---|
| 2022 E |
2021f | ||
| Management | charge from trading subsidiary | 36,450 | 25,000 |
| Administration | fees | 6,000 | 1,000 |
| Fundraising | 20,210 | ||
| 62,660 | 26,000 | ||
| INVESTMENT | INCOME | ||
| 2022 | 2021 | ||
| 5 | 6 | ||
| Rents received | 70,788 | 70,881 | |
| Interest received | 16 | ||
| 70,804 | 70,946 |
| Net income/(expenditure) isstated after charging/(crediting): |
||
|---|---|---|
| 2022f | 2021f | |
| Depreciation -owned assets |
35,123 | 36,129 |
| Other operating leases |
7,640 | 6,732 |
| Surplus on disposal offixed assets | (100) |
| COMPARATIVES FOR THE STA | TEMENT OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| E | 6 | E | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
247,699 | 10,900 | 258.599 | |
| Charitable activities | ||||
| Development ofArts |
19,290 | 19,427 | ||
| Other trading activities | 26,000 | 26,000 | ||
| Investment income |
70,946 | 70,946 | ||
| Total | 363,943 | 11,029 | 374,972 | |
| EXPENDITURE ON | ||||
| Charitable actlvtges | ||||
| Development ofArts |
284,388 | 31,572 | 315,960 | |
| NET INCOME/(EXPENDITURE) | 79,555 | (20,543) | 59,012 | |
| Transfers between funds |
3,000 | (3,000) | ||
| Net movement in funds |
82,555 | (23,543) | 59,012 | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward | 1,977,746 | 40,876 | 2,018,622 | |
| TOTAL FUNDS CARRIED FORWARD | 2,060,301 | 17,333 | 2,077,634 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Freehold | ONce | ||
| property 6 |
equipment f |
Totals E |
|
| COST | |||
| At 1April 2021 Additions |
1,615375 | 266,986 2,503 |
1,882,261 2,503 |
| At 31March 2022 | 1,615,275 | 269,489 | 1,884,764 |
| DEPRECIATION | |||
| At 1Aprg 2021 Charge for year |
655,580 28,504 |
243,818 6,619 |
899,398 35,123 |
| At31March 2022 | 684,084 | 250,437 | 934,521 |
| NET BOOKVALUE | |||
| At31March 2022 | 931,191 | 19,052 | 950,243 |
| At31March 2021 | 959,695 | 23,168 | 982,863 |
| Quay Arts Trading Company Limited Registered oNce: 15Sea Street, Newport Nature ofbusiness: Cafe and Bar |
Harbour, Newport, Isle ofWight |
||
|---|---|---|---|
| Class ofshare: | holding | ||
| Ordinary | 100 | ||
| 2022 | 2021 | ||
| E | |||
| Aggregate capital and reserves |
23,643 | (5,287) | |
| Profltfor the year | 28,930 | 14,480 | |
| INVESTMENT PROPERTY | |||
| FAIR VALUE | |||
| At 1April 2021 | |||
| and 31March 2022 | 945,000 | ||
| NET BOOKVALUE | |||
| At31March 2022 | 945,000 | ||
| At31Marrh 2021 | 945,IXJO |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAII |
||
|---|---|---|
| 2022 | 2021 | |
| E | 6 | |
| Trade debtors | 19,097 | 5,199 |
| Amounts owed by group undertakings |
39,341 | 37,092 |
| Other debtors | 21,211 | |
| Prepayments | 2,866 | 3,426 |
| 82,515 | 45,717 |
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | 6 | ||
| Trade creditors | 15,714 | 26,279 | |
| Social security and other taxes VAT |
2,993 11,275 |
4,232 19,021 |
|
| Other creditors | 60,070 | 57,215 | |
| Accrued expenses | 10,788 | 3,605 | |
| 110,352 | |||
| CREDITORS: AMOUNTS | FALUNG DUE AFTER MORE THAN ONE YEAR | ||
| 2022 | 2021 | ||
| 6 | f | ||
| Other loans (see note 15) | 20,000 | 20,000 | |
| LOANS | |||
| An analysis ofthe maturity ofloans is given below: | |||
| 2022 | 2021 | ||
| 6 | r. | ||
| Amounts falling due in |
more than five years: | ||
| Repayable otherwise than by instalments: OtherloansmoreSrsnon-inst |
20,000 | 20,000 |
| Amounts | falling due in | more than five years: |
|---|---|---|
| Repayable | otherwise than by instalments: | |
| Other loans more Syrs | non-inst |
| MOVEMENT | IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| 6 | f | 6 | E | |||
| Unrestricted | funds | |||||
| General fund | 97,939 | 14,755 | 5,625 | 118,319 | ||
| Building Maintenance | 25,000 | 25,000 | ||||
| Fixed Assets | and Revaluation | Reserve | 1,927,865 | (35,123) | 2,503 | 1,895,245 |
| CYP fund | 9,497 | (1,763) | 3,498 | 11,232 | ||
| Consultancy | fund | 6,400 | (250) | 6,150 | ||
| 2,060,301 | (15,731) | 11,376 | 2,055,946 | |||
| Restricted funds | ||||||
| Daisie Rich | 1,380 | 1,057 | 2,437 | |||
| Mike Howley | Trust Fund | 3,243 | (3,243) | |||
| Uft the Lid | 3,748 | (250) | (3,498) | |||
| Apprenticeship | 5,929 | (5929) | ||||
| Dazzle and Disrupt | 3,033 | (273) | (2,760) | |||
| Renew Newport | 3,255 | 3,255 | ||||
| AONB Biosphere | 2,375 | (1,875) | 500 | |||
| 17,333 | (11,376) | 6,192 | ||||
| TOTAL FUNDS | 2,077,634 | (15,496) | 2,062,138 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources E |
expended E |
in funds f |
|||
| Unrestricted | funds | ||||
| General fund | 321,864 | (307,109) | 14,755 | ||
| Fixed Assets | and Revaluation | Reserve | (35,123) | (35,123) | |
| CYP fund | (1,763) | (1,763) | |||
| Consultancy | fund | 6,600 | (200) | 6,400 | |
| 328,464 | (344,195) | (15,731) | |||
| Restricted funds | |||||
| Daisie Rich | 2,000 | (943) | 1,057 | ||
| Lift the Lid | (250) | {250) | |||
| Apprenticeship | (5,929) | (5,929) | |||
| Dazzle and Disrupt | 1,486 | (1,759) | l273) | ||
| Renew Newport | 4,500 | (1,245) | 3,255 | ||
| AONB Biosphere | 5,075 | (2,700) | 2,375 | ||
| 13,061 | {12,826) | 235 | |||
| TOTALRINDS | 341,525 | (357,021) | (15,496) |
| Comparetives | fo | r movement | in funds | ||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At '1.4.20 | in funds | funds | 31.3.21 | ||||
| 5 | 6 | E | 5 | ||||
| Unrestricted | funds | ||||||
| General fund | 10,951 | 117,053 | (30,065) | 97,939 | |||
| Building Maintenance | 25,000 | 25,000 | |||||
| Fixed Amets | and | Revaluation | Reserve | 1,958,929 | (36,129) | 5,065 | 1,927,865 |
| CYP fund | 6,697 | (200) | 3,000 | 9,497 | |||
| Visual Arts | 1,169 | (1,169) | |||||
| 1,977,746 | 79,555 | 2,060,301 | |||||
| Restricted funds | |||||||
| Dalsie Rich | 3,825 | 555 | (3,000) | 1,380 | |||
| Mike Howley | Trust Fund | 3,243 | 3,243 | ||||
| Liftthe Ud | 8,367 | 661 | (5,280) | 3,748 | |||
| Apprenticeship | 8,917 | (8,268) | 5,2&0 | 5,929 | |||
| CEPTransitional | funding | 7,650 | (7,650) | ||||
| Dazzle and Disrupt | 8,874 | (5,841) | 3,033 | ||||
| 40,876 | (20,543) | (3,000) | 17,333 | ||||
| TOTAL FUNDS | 2,018,622 | 59,012 | 2,077,634 |
| 2022f | 2021 | ||
|---|---|---|---|
| RIICOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 5,343 | 9,892 | |
| Grants | 97,413 | 248,707 | |
| Donated services and facilities | 1,500 | ||
| 104,256 | 258,599 | ||
| Other trading actfvltks | |||
| Management charge from trading subsidiary |
36,450 | 25,000 | |
| Administration fees |
6,000 | 1,000 | |
| Fundraising | 20,210 | ||
| 62,660 | 26,000 | ||
| Investment income |
|||
| Rents received | 70,788 | 70,881 | |
| Interest received | 16 | 65 | |
| 70,804 | 70,946 | ||
| Charitable activities | |||
| Boxoffice | 31,259 | 1,827 | |
| Members subscriptions | 6,968 | 9,012 | |
| Income | 11,238 | 2,389 | |
| Educational programme |
income | 54,340 | 6,199 |
| 103,805 | 19,427 | ||
| Total incoming resources | 341,525 | 374,972 | |
| EXPENDITURE | |||
| Charitable acthrities |
|||
| Salaries and fees | 160,143 | 161,262 | |
| Equipment hire |
7,640 | 6,732 | |
| Educational costs |
31,054 | 21,111 | |
| Exhibition costs | 4,540 | 7,622 | |
| Carried forward | 203,377 | 196,727 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Charitable activities |
||||
| Brought forward | 203,377 | 196,727 | ||
| Theatre costs | 24+08 | 525 | ||
| Marketing and advertising |
2,685 | 1,852 | ||
| Staff training and welfare |
465 | 896 | ||
| Light, heat and water | 19ri61 | 21,854 | ||
| Insurance | 17,803 | 13,299 | ||
| Repairs and maintenance | 22,060 | 13,109 | ||
| Telephone and broadband |
4,938 | 4,006 | ||
| Business rates | 1,751 | |||
| Postage and stationary | 1,388 | 1,512 | ||
| Cleaning and waste disposal | 5,563 | 3,062 | ||
| Licenses | 2,036 | 2,165 | ||
| Computer maintenance |
and software licences | 8,534 | 9,069 | |
| Hospitality | 926 | 66 | ||
| Bank and card charges | 2,278 | 1,597 | ||
| Bad debts | 1,775 | |||
| Sundry costs | 561 | |||
| Project Manager fees —LTL | 1,800 | |||
| Depredation oftangible |
fixed assets | 35,123 | 36,129 | |
| 353,260 | 310,004 | |||
| SUpport costs | ||||
| Finance | ||||
| l.oss on sale oftangible | fixed assets | (100) | ||
| Governance costs | ||||
| Accountancy fees | 2,911 | 2,356 | ||
| Legal and professional | fees | 1,950 | 3,600 | |
| Legal 8 professional | overprovision | (1,000) | ||
| 3,861 | 5,956 | |||
| Total resources expended | 357,021 | 315,960 | ||
| Net (expenditure)/income | (15,496) | 59,012 |