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