## 

|Introduction<br>—Chair|||||
|---|---|---|---|---|
|Introduction<br>—Chief Executive...|||||
|Trustees' Report. .|||||
|Management<br>ofstrategic goals and achievements||for 2020/21.|||
|Financial<br>review||||...10|
|Structure,<br>Governance<br>&Management.||||...15|
|Reference and Administrative<br>Details||||...21|
|Directors' responsibilities<br>for financial statements||.||...22|
|Independent<br>auditor's<br>report to the members|of|Poole Arts Trust Limited and Subsidiary|Company. ....|...23|
|Consolidated<br>statement<br>offinancial<br>activities for||the year ended 31March 2021..||...26|
|Company statement<br>offinancial<br>activities for the||year ended 31March 2021.||...27|
|Consolidated<br>balance sheet at 31March 2021.||||...28|
|Company<br>balance sheet at 31March 2021 ..||||29|
|Consolidated<br>cash flow statement<br>for the year|ended 31March 2021..|||...30|
|Notes to the financial statements.<br>. .||||...31|





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|||Note|unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2021|2020|
||||6|6|6|5|6|
|Incoming<br>Resources||||||||
|Donations<br>and legacies||||||||
|Grantincome||1.1|1,240,549||1,456,172|2,696,721|773,466|
|Donations<br>and gifts||1.3|75,386||28,783|104,169|106,155|
|Donations<br>and legacies income sub-total|||1,315,935||1,484,955|2,800,890|879,621|
|Income from charitable<br>activities||||||||
|Income from events programme||1.2|313,277|||313,277|2,831,551|
|Bar, cafe and merchandising||1.4|10,305|||10,305|452,499|
|Income from charitable<br>activities sub-total|||323,582|||323,582|3,284,050|
|Income from other trading|activities|||||||
|Commeroel<br>trading activities|||79,650|||79,650|674,098|
|Income from other trading|activities sub-total||79,650|||79,650|674,098|
|Investment<br>income||||||||
|Bank interest receivable||1.6|917|||917|2,472|
|Dtherincome<br>—insurance|proceeds||||||28,322|
|Totalincoming<br>resources|||1,720,084||1,484,955|3,205,D39|4,868,563|
|Resources Expended||||||||
|Cost ofgenerating<br>funds||||||||
|Bar, cafd and merchandismg||1.8|326,131|||326,131|367,064|
|Commeroal<br>trading operations||1.12|110,997|||110,997|495,975|
|Costs ofgenerating<br>funds sub-total|||437,128|||437,128|863,039|
|Charitable<br>activities||||||||
|Costs for events programme|||1,048,420||1,269,931|2,318,351|4,503,017|
|Costs ofcharitable<br>activities sub-total|||1,048,420||1,269,931|2,318,351|4,503,017|
|Total resources expended|||1,485,548||1,269,931|2,755+79|5,366,056|
|Net income/(expenditure)|for the year||234,536||215,024|449,560|(497,493)|
|Iransfers between<br>funds|||(200,000)|629,389|(429,389)|||
|Net movement<br>in funds for the year|||34,536|629,389|(214,365)|449,560|(497,493)|
|Funds brought forward at 1Aprg 2020||15/16|38,719|138,474|5,977,582|6,154,775|6,652,268|
|Balances carried ferwa rd at31March 2021||15/16|73,254|767,863|5,763,217|6,604,334|6,154,775|





## 

|[Incorporating<br>the Company|Income and|Expenditure|Account and|Statement ofComprehensive|Statement ofComprehensive|Incomel|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|funds||Restricted|Tots I|Tots|I|
||||||||funds|2021|2020||
||||Note|Undesignated|Designated||||||
|||||E||6|||||
|Incoming<br>Resources|||||||||||
|Donations<br>and legacies|||||||||||
|Grant income|||1.1|1,240,549|||1,456,172|2,696,721|773,466||
|Donations and gifts|||1.3|75,386|||28,783|104,169|106,155||
|Donations and legacies Income sub-total||||1,315,935|||1,484,955|2,800,890|879,621||
|Income from charitable<br>activities|||||||||||
|Income from events programme|||1.2|313,277||||313,277|2,831,551||
|Bar, cafd and merchandising|||14|10,305||||10,305|452,499||
|Income from charitable<br>activities sub-total||||323,582||||323,582|3,284,050||
|Income from other trading|activities||||||||||
|Gift aid from Poole Arts Trust (Trading)||Limited||146,776||||146,776|153,135||
|Income from other trading|activities sub-total|||146,776||||146,776|153,135||
|Investment<br>income|||||||||||
|Bank interest receivable|||1.6|917||||917|2,472||
|Other income —insurance|proceeds||||||||28,322||
|Total incoming resources||||1,787,210|||1,484,955|3,272,165|4,347,600||
|Resources Expended|||||||||||
|Cost ofgenerating<br>funds|||||||||||
|Bar, cafd and merchandising|||1.8|326,131||||326,131|367,064||
|Casts ofgenerating<br>funds sub-total||||326,131||||326,131|367,064||
|Charitable<br>activities|||||||||||
|Costs for events programme||||1,048,420|||1,269,931|2,318,351|4,503,017||
|Costs of charitable<br>activities sub-total||||1,048,420|||1,269,931|2,318,351|4,503,017||
|Total resources expended||||1,374,551|||1,269,931|2,644,482|4,870,081||
|Net income/(expenditure)|for the year|||412,659|||215,024|627,683|(522,481)||
|Transfers<br>between<br>funds||||(200,000)||629,389|(429,389)||||
|Net movement<br>in funds for the year||||212,659||629,389|(214,365I|627,683|(522,481)||
|Funds brought forward at 1April 2020|||15/16|(139,720)||138,474|5,977,582|5,976,336|6,498,817||
|Balances carried forward at 31March 2021|||15/16|72,938||767,863|5,763,217|6,604,018|5,976,336||





## 

## 

|||||Note|2021||2D20||
|---|---|---|---|---|---|---|---|---|
||||||6||f||
|Fixed assets|||||||||
|Tangible assets||||||5,825,149||6,400,569|
|Current assets|||||||||
|Stock|||||17,938||24,512||
|Debtors|||||426,317||534,487||
|Cash in hand and at||bank|||1,589,789||704,872||
||||||2,034,044||1,263,871||
|Creditors: amounts|falling due within one||||||||
|year||||10|(1,254,859)||(1,509,665)||
|Net current assets/(liabilities)||||||779,185||(245,794)|
|Total assets less current liabilities||||||6,604,334||6,154,775|
|Creditors: amounts|falling due after more||||||||
|than one year|||||||||
|Net assets||||14||6,604,334||6,154,775|
|Funds|||||||||
|Unrestricted<br>funds:|||||||||
|Undesignated||||15||73,254||38,719|
|Designated||||15||767,863||138,474|
|Restricted funds:|||||||||
|Refurbishment||project||16||404,655||830,537|
|Development|project|||16||4,668,319||4,836,531|
|Capital replacement||||16||1S5,285||232,461|
|Other restricted||funds||16||106,836||78,053|
|Weston Culture||Fund||16||290,000|||
|Arts Council Emergency|||Recovery Fund|16||108,122|||
|||||||6,604,334||6,154,775|





## 

|||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|
||||||Nate|||||
|Fixed|assets|||||||||
|Tangible assets|||||||5,814,679||6,387,491|
|Current assets||||||||||
|Stock||||||12,519||19,093||
|Debtors||||||414,510||621,570||
|Cash|in hand and at||bank|||1,589,289||704,372||
|||||||2,016,318||1,345,035||
|Creditors: amounts|||falling due within one|||||||
|year|||||1D|(1,226,979)||(1,756,190)||
|Net current assets/(liabilities)|||||||789,339||(411,155)|
|Total|assets less current liabilities||||||6,604,01S||5,976,336|
|Net assets|||||14||6,604,018||5,976,336|
|Funds||||||||||
|Unrestricted<br>funds:||||||||||
||Undesignated||||15||72,938||(139,720)|
||Designated||||15||767,863||138,474|
|Restricted funds:||||||||||
||Refurbishment||project||16||404,655||830,537|
||Development|project|||16||4,668,319||4,836,531|
||Capital replacement||||16||185,285||232,461|
||Other restricted||funds||16||106,836||78,053|
||Weston Culture||Fund||16||290,000|||
||Arts Council Emergency|||Recovery Fund|16||108,122|||
||||||||6,604,018||5,976,336|





## 

|||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Note|||||||
|Net cash|inflow/(outflow)||from||||||||
|operating<br>activities||||20|||1,013,674|||(97,303)|
|Cash flows from investing|||||||||||
|activities|||||||||||
|Interest received|||||917|||2,472|||
|Net cash|inflow from|investing|||||||||
|activities|||||||917|||2,472|
|Cash flows from financing|||||||||||
|activities|||||||||||
|Purchase|oftangible|fixed|||||||||
|assets|||||(130,034)|||(113,472)|||
|Net cash|outflow from financing||||||||||
|activities|||||||(130,034)|||(113,472)|
|Increase/(decrease)||in cash||21|||884,557|||(208,303)|





## 

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## 

|Leasehold|property|Up to 20/30 years|
|---|---|---|
|Equipment||5years|
|Furniture||10years|
|Fixtures||5to 10years|



## 

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## 

## 

## 



## 

## 

|.Surplus /(defic|it)|f|orthe year|||||
|---|---|---|---|---|---|---|---|
||||||2021||2020|
|||||Note|Total||Tote I|
||||||6||6|
|Incamlng<br>Resources||||||||
|Turnover||||||||
|Ticketincome||||1.2||49,211|1,903,488|
|Other direct programme||income||1.2||122,618|562,282|
|Rental income||||1.2||141,448|365,781|
|Bars, catering, merchandising,|||etc.|1.4||10,305|452,499|
|Trading company||||1.11||79,650|674,098|
|Fundraising||||1.3||64,986|28,354|
|Interest receivable||||1.6||917|2,472|
|Other donations||||1.3||28,783|75,301|
|Sponsorship<br>income||||1.3||10,400|2,500|
|Turnover||||||508,318|4,066,775|
|Grant Income||||||||
|Arts Council England,|South West|||||348,509|342,216|
|Additional<br>Restrictions|Grant||(BCP Council)|||10,MO||
|Iob Retention<br>Scheme|Grant|||||451,228||
|BCPCouncil||||||430,812|431,000|
|Cultural<br>Recovery Fund (DCMS)||||||889,168||
|Emergency<br>Response|Fund (CRF)|||||277,004||
|Weston Culture<br>Fund||||||290,000|250|
|Grant Income||||||2,696,721|773,466|
|Other Income|||||||28,322|
|Total Incoming Resources||||||3,205,039|4,868,563|
|Resources Expended||||||||
|Cost ofSales||||||||
|Direct programme<br>and|event||costs|||687,072|2,356,301|
|Trading company||||1.12||110,997|495975|
|Bars, catering,<br>merchandising,|||etc.|1.8||326,131|367,064|
|Total Cost ofSales||||||1,124,200|3,219,340|
|Administrative<br>Expenditure||||||||
|Establishment<br>costs||||||415,591|509,277|
|Marketing<br>and publicity||||||241,622|395,802|
|Support costs||||||332,796|601,802|
|Total Administrative<br>Expenditure||||||990,009|1,506,881|
|Total Resources Expended||before Restricted||||2,114,209|4,726,221|
|Depreciation||||||||
|Net Surplus before Restdicted|||Depreciation|||1,090,830|142,342|
|Restricted depreciation||||||(641,270)|(639,835)|
|Net Surplus<br>ri (Deficit) <br>Depreciation|after Restricted|||||449,560|(497,493)|





## 


## 

|premises.<br>A summary<br>ofthe tradi|ng<br>results<br>is shown|below.||
|---|---|---|---|
|||2021|2020|
|||6|6|
|Turnover||79,650|674,098|
|Cost ofsales and administration|costs|(110,997)|(495,975)|
|Net profit/ (loss)||(31,347)|178,123|
|Amount<br>donated tothe charity||(146,776)|(153,135)|
|rhe assets and liabilities ofthe|subsidiary|||
|were:||||
|Fixed assets||10,470|13,078|
|Current assets||50,430|338,610|
|Current<br>liabilities||(60,584)|(173,249)|
|Non-current<br>liabilities||||
|Total net assets||316|178,439|





## 

|.Staf|f costs|||
|---|---|---|---|
|||2021|2020|
|||E|f|
|Wages|and salaries|1,004,749|1,252,510|
|Social|security costs|76,597|87,068|
|Other|pension costs|35,094|36,129|
|||1,116,440|1,375,707|



|2021|2020|
|---|---|
|Number|Number|



|||||||FUII|Part||
|---|---|---|---|---|---|---|---|---|
||||Full time|Part time|FTE|time|time|FTE|
|Management|and|administration||17|||20|8|
|Marketing<br>and|publicity|||4|||4|2|
|Establishment||||14|||24|6|
|Bars, catering|and|merchandise||98|||113|12|
|Direct programme||and event||8|||31|6|
||||26|141|15|20|192|34|
|Total||||167|41||212|54|






## 

## 

||2021|2020|
|---|---|---|
|||f|
|Auditors<br>remuneration:|||
|Audit services|12,750|12,500|
|Non-audit<br>services|715|700|
|Depreciation<br>oftangible fixed assets|702,178|691,726|
|Audit services<br>in respect ofPoole Arts Trust|||
|(Trading)<br>Limited|2,200|2,150|



## 

|Cost|||||
|---|---|---|---|---|
|At 1April 2020||14,541,383|957,131|15,498,514|
|Additions||27,349|102,685|130,034|
|Disposals|||(292)|(292)|
|At 31March|2021|14,568,732|1,059,524|15,628,256|
|Depreciation|||||
|At 1April 2020||8,511,333|586,612|9,097,945|
|Provided<br>during the year||596,293|108,869|705,162|
|Depreciation|on disposal||||
|At 31March|2021|9,107,626|695,481|9,803,107|
|Net book value|||||
|At 31March|2021|5,461,106|364,043|5,825,149|
|At 31March|2020|6,030,050|370,519|6,400,569|
|Charity|||||





|Cost|||||
|---|---|---|---|---|
|At 1April 2020||14,541,383|942,199|15,483,582|
|Additions||27,349|102,307|129,656|
|Disposals|||(292)|(292)|
|At 31March|2021|14,568,732|1,044,214|15,612,946|
|Depreciation|||||
|At 1April 2020||8,511,333|584,758|9,096,091|
|Provided<br>during the year||596,293|105,883|702,176|
|Depreciation|on disposal||||
|At 31March|2021|9,107,626|690,641|9p798,267|
|Net book value|||||
|At31March|2021|5,461,106|353,573|sp814,679|
|At 31March|2020|6,030,050|357,441|6,387,491|



## 

|.Stocks|||||
|---|---|---|---|---|
||2021|2021|2020|2020|
||Group|Charity|Group|Charity|
||6|6|f|6|
|Consumables|8,062|8,062|8,959|8,959|
|Goods for resale|9,876|4,457|15,553|10,134|
||17,938|12,519|24,512|19,093|



## 




|||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
|||||Group|Charity|Group|Charity|
|||||6|f|6|6|
|Trade debtors||||118,798|96,010|194,244|171,464|
|VAT recoverable||||36,567|39,541|41,812|152,429|
|Other debtors||||45,117|23,396|120,037|119,285|
|Prepayments<br>and|accrued income|||225,835|225,833|178,394|178,392|
|Amounts<br>owed from group undertakings|||||29,730|||
|||||426,317|414,510|534,487|621,570|
|10.Creditors: amounts||falling due within one||year||||
|||||2021|2021|2020|2020|
|||||Group<br>6|Charity<br>f|Group<br>6|Charity<br>6|
|Trade creditors||||85,365|73,460|238,263|209,790|
|Other creditors||||363,275|347,301|310,050|275,892|
|Deferred income||||215,876|215,876|215,500|215,500|
|Amounts<br>owed to|group|undertakings|||||309,157|
|||||664,516|636,637|763,813|1,010,339|
|Boxoffice receipts|in advance|||590,343|590,343|745,852|745,852|
|||||1,254,859|1,226,980|1,509,665|1,756,191|
|Deferred<br>income|as at|31 March|2021 consists|of grant<br>income|which<br>is specifically|allocated<br>for|use<br>in future|
|accounting<br>periods|and|will be released accordingly||in the subsequent|period.|||
|||||2021|2021|2020|2020|
|Boxoffice receipts|in advance analysis:|||Group<br>6|Charity<br>6|Group<br>f|Charity<br>6|
|Opening<br>balance||||745,852|745,852|932,177|932,177|
|Tickets sold for events||||(83,430)|(83,430)|3,397,215|3,397,215|
|Tickets transferred|to SOFA|||(49,211)|(15,035)|(2,827,699)|(2,520,630)|
|Tickets transferred|to subsidiary||||(34,176)||(307,069)|
|Tickets transferred|to third parties|||(22,868)|(22,868)|(755,841)|(755,841)|
|||||590,343|590,343|745,852|745,852|



## 

## 





## 

## 

|14,Analysis ofnet|assets between|funds|||||
|---|---|---|---|---|---|---|
|||Tangible|Current|Current|Non-current||
|Group||fixed assets|assets|liabilities|liabilities|Total|
|||E|E|E|E|E|
|Restricted refurbishment|project|404,655||||404,655|
|Development<br>project||4,668,319||||4,668,319|
|Capital replacement|||185,285|||185,285|
|Other restricted funds|||106,836|||106,836|
|Weston Culture<br>fund|||290,000|||290,000|
|Arts Council Emergency|Recovery fund||108,122|||108,122|
|Restricted total||5,072,974|690,243|||5,763,217|
|Unrestricted<br>fund||752,175|575,938|(1,254,859)||73,254|
|Designated<br>fund|||767,863|||767,863|
|Total||5,825,147|2,034,044|(1,254,859)||6,604,334|





## 

|||||||Tangible|Current<br>Current|Non-cerrent||
|---|---|---|---|---|---|---|---|---|---|
|Charity||||||fixed assets|assets<br>liabilities|liabilities|Total|
|||||||6|f<br>E|6|f|
|Restricted refurbishment|||||project|404,655|||404,655|
|Development||project||||4,668,319|||4,668,319|
|Capital replacement|||||||185,285||185,285|
|Other restricted<br>funds|||||||106,836||106,836|
|Weston Culture<br>fund|||||||290,000||290,000|
|Arts Council||Emergency||Recovery fund|||108,122||108,122|
|Restricted total||||||5,072,974|690,243||5,763,217|
|Unrestricted||fund||||741,705|558,212<br>(1,226,979)||72,938|
|Designated|fund||||||767,863||767,863|
|Total||||||5,814,679|2,016,318<br>(1,226,979)||6,604,018|
|15.Unrestricted|||funds|||||||
||||||||||Total|
||||||||Undesignated|Designated|unrestricted|
|Group|||||||funds|funds|funds|
||||||||f|f|f|
|Income|||||||1,720,084||1,720,084|
|Expenditure|||||||(1,485,548)||(1,485,548)|
|Surplus/<br>Deficit for the|||||year||234,536||234,536|
|Transfers|||||||(200,000)|629,389|429,389|
|Balance at||1April|2020||||38,719|138,474|177,193|
|Balance at||31March||2021|||73,253|767,863|841,118|
|In the previous year||||group undesignated||funds had total income off4,674,940,total expenditure|||of64,726,221 and|
|a surplus for the year of638,719.||||||||||
||||||||||Total|
||||||||Undesignated|Designated|unrestricted|
|Charity|||||||funds|Funds|funds|
||||||||f|f|f|
|Income|||||||1,787,210||1,787,210|
|Expenditure|||||||(1,374,551)||(1,374,551)|
|Surplus/<br>Deficit for the|||||year||412,659||412,659|
|Transfers|||||||(200,000)|629,389|429,389|
|Balance at||1April|2020||||(139,720)|138,474|(1,246)|
|Balance at|31March|||2021|||72,938|767,863|840,801|





|||||Designated|||
|---|---|---|---|---|---|---|
|||||Maintenance|||
|||||Reserve|||
||||||Risk Reserve|Total|
||||||f|f|
|Balance at|1April 2020|||138,474||138,474|
|Transferred|from unrestricted||funds||200,000|200,000|
|Transferred|from restricted|funds|||429,389|429,389|
|Balance at|31March 2021|||138,474|629,389|767,863|



## 

## 

||Arts||Garfield|South||||
|---|---|---|---|---|---|---|---|
||Council||Weston|West of||||
||of||Charitable|England||Kata||
||England|BCPCouncil|Trust|RDA|Other|Foundation|Total|
||E|E|f|E|f|f|E|
|Original<br>funding|6,569,203|1,530,000|100,000|100,000|245,029|20,000|8,564,232|
|Balance at<br>1April 2020|637,825|148,539|9,712|9,712|22,798|1,951|830,537|
|Depreciation|(326,672)|(76,084)|(4,973)|(4,973)|(12,185)|(995)|(425,882)|
|Balance at<br>31March 2021|311,153|72,455|4,739|4,739|10,613|956|404,655|






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|re, th|erefore,<br>n|o pos|sibl|e u|nforeseen<br>liabilities.|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||c|c|
|Trust|premiums|paid|to|this|scheme|35,094|36,129|





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|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||||6||6|
|Reconciliation<br>ofoperating|surplus||to net||||||
|cash inflow /(outflow)<br>from|operating||||||||
|activities:|||||||||
|Net unrestricted<br>incoming/(outgoing)resources||||for the year||34,536||38,719|
|Net designated<br>incoming/(outgoing)resources||||for the year||629,389|||
|Net restricted<br>incoming/(outgoing)|||resources|for the year||(214,365)||(536,212)|
|Net incoming/(outgoing)<br>resources for the|||||||||
|year|||||||||
|||||||. 449,560||(497,493)|
|Interest receivable||||||(917)||(2,472)|
|Depreciation<br>on fixed assets||||||705,164||691,725|
|Loss on disposal offixed assets|||||||||
|(Increase)/decrease<br>in stock||||||6,574||(2,130)|
|(Increase)/decrease<br>in debtors||||||108,170||(24,019)|
|Increase/(decrease)<br>in creditors||||||(254,877)||(262,914)|
|Net cash inflow from operating||activities|||||||
|||||||1,013,674||(97,303)|
|21.Analysis ofchanges in|net|funds|||||||
||||||2020|Cash|flow|2021|
||||||6||6|f|
|Cash at bank and in hand|||||704,872|884,557||1,589,789|
|22.Ultimate<br>control|||||||||