##
|Introduction
—Chairman.||||
|---|---|---|---|
|Introduction
—Chief Executive.||||
|Trustees'
Report.||||
|Management
ofstrategic goals and achievements|for 2021/22|||
|Financial
review .|||.10|
|Structure,
Governance
&Management.|||15|
|Reference and Administrative
Details. .|||.20|
|Directors' responsibilities
for financialstatements.|.....||.21|
|Independent
auditor's
report to the members of|Poole Arts Trust Limited and Subsidiary|Company ..|.22|
|Consolidated
statement
offinancial
activities for|the year ended 31March 2022 .||25|
|Company statement offinancial
activities for the|year ended 31March 2022||.26|
|Consolidated
balance sheet at 31March 2022.|||.27|
|Company
balance sheet at 31March 2022.|||.28|
|Consolidated
cash flow statement
forthe year ended 31March 2022.|||29|
|Notes to the financial statements. ...|||30|
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|year ended 31Mar|ch 2022||||||
|---|---|---|---|---|---|---|
|(Incorporating
the Group Income and Expenditure|Account and Statement|of Comprehensive|Income)||||
||Note|Unrestricted|Designated|Restricted|Total|Total|
|||funds|funds|funds|2022|2021|
|||E|||E|E|
|Incoming Resources|||||||
|Donations
and legacies
Grant income|1.1|960,639||1,073,771|2,034,410|2,696,721|
|Donations
and gifts|1.3|44,221||73,463|117,684|104,169|
|Donations
and legacies income sub-total||1,004,860||1,147,234|2,152,094|2,800,890|
|Income from charitable
activities|||||||
|Income from events programme
Bar, cafe, and merchandising|1.2
1.4|2,571,579
346,708|||2,571,579
346,708|313,277
10,305|
|Income from charitable
activities sub-total||2,918,287|||2,918,287|323,582|
|Income from other trading activities
Commercial
trading
activities||535,762|||535,762|79,650|
|Income from other trading activities sub-total||535,762|||535,762|79,650|
|Investment
income|||||||
|Bank interest receivable|1.6|151|||151|917|
|Other income —insurance
proceeds|||||||
|Totalincoming
resources||4,459,060||1,147,234|5,606,294|3,205,039|
|Resources Expended|||||||
|Cost ofgenerating
funds
Bar, cafe, and merchandising
Commercial
trading operations|1.8
1.12|303,030
430,212|||303,030
430,212|326,131
110,997|
|Costs ofgenerating
funds sub-total||733,242|||733,242|437,128|
|Charitable
activities|||||||
|Costs for events programme||3,543,250||1,289,755|4,833,005|2,318,351|
|Costs ofcharitable
activities sub-total||3,543,250||1,289,755|4,833,005|2,318,351|
|Total resources expended||4,276,492||1,289,755|5,566,247|2,755,479|
|Net income/(expenditure)
for the year||182,568||(142,521)|40,047|449,560|
|Transfers
between funds||713,429|(177,783)|(535,646)|||
|Net movement
in funds for the year||895,997|(177,783)|(678,167)|40,047|449,560|
|Funds brought forward at 1April 2021|15/16|73,254|767,863|5,763,217|6,604,334|6,154,775|
|Balances carried forward at 31March 2022|15/16|969,251|590,080|5,085,050|6,644,381|6,604,334|
##
|ended 31March 20|22|22|||||||
|---|---|---|---|---|---|---|---|---|
|(Incorporating
the Company
Income and Expenditure|Account and Statement||ofComprehensive||Income)||||
||||Unrestricted|funds||Restncted|Total|Total|
|||||||funds|2022|2021|
||Note|Undesignated||Designated|||||
||||E||E||||
|Incoming Resources|||||||||
|Donations
and legacies
Grant income
Donations
and gifts|1.1
1.3||960,639
44,221|||1,073,771
73,463|2,034,410
117,684|2,696,721
104,169|
|Donations
and legacies income sub-total|||1,004,860|||1,147,234|2,152,094|2,800,890|
|Income from charitable
activities
Income from events programme
Bar, cafe, and merchandising|1.2
1.4||2,571,579
346,708||||2,571,579
346,708|313,277
10,305|
|Income from charitable
activities sub-total|||2,918,287||||2,918,287|323,582|
|Income from other trading activities
Gift aid from Pooie Arts Trust (Trading) Limited||||||||146,776|
|Income from other trading activities sub-total||||||||146,776|
|Investment
income
Bank interest receivable|1.6||151||||151|917|
|Total incoming resources|||3,923,298|||1,147,234|5,070,352|3,272,165|
|Resources Expended|||||||||
|Cost ofgenerating
funds
Bar, cafe, and merchandising|1.8||303,030||||303,030|326,131|
|Costs ofgenerating
funds sub-total|||303,030||||303,030|326,131|
|Charitable
activities
Costs for events programme|||3,543,250|||1,289,755|4,833,005|2,318,351|
|Costs ofcharitable
activities sub-total|||3,543,250|||1,289,755|4,833,005|2,318,351|
|Total resources expended|||3,846,280|||1,289,755|5,136,035|2,644,482|
|Net income/(expenditure)
for the year|||77,018|||(142,521)|(65,503)|627,683|
|Transfers between funds|||713,429||(177,783)|(535,646)|||
|Net movement
in funds for the year|||790,447||(177,783)|(678,167)|(65,503)|627,683|
|Funds brought forward at 1April 2021|15/16||72,938||767,863|5,763,217|6,604,018|5,976,336|
|Balances carried forward at 31March 2022|15/16||863,385||590,080|5,085,050|6,538,515|6,604,018|
##
|harity number: 2759|61|||||||
|---|---|---|---|---|---|---|---|
||||Note|2022||2021||
|||||||E||
|Fixed assets||||||||
|Tangible assets|||||5,115,782||5,825,149|
|Current assets||||||||
|Stock||||39,761||17,938||
|Debtors||||62'7,351||426,317||
|Cash in hand and at|bank|||3,151,717||1,589,789||
|||||3,818,829||2,034,044||
|Creditors: amounts|falling due|within one||||||
|year|||10|(2,290,230)||(1,254,859)||
|Net current assets|||||1,528,599||779,185|
|Net assets|||13||6,644,381||6,604,334|
|Funds||||||||
|Unrestricted
funds:||||||||
|Undesignated
Designated|||14
14||969,251
590,080||73,254
767,863|
|Restricted funds:||||||||
|Refurbishment
project
Development
project
Capital replacement
Other restricted funds|||15
15
15
15||4,500,117
140,309
112,743||404,655
4,668,319
185,285
106,836|
|Weston Culture
Fund|||15||79,956||290,000|
|Arts Council Emergency||Recovery Fund|15||||108,122|
|Cultural
Relief|Fund||15||251,925|||
||||||6,644,381||6,604,334|
##
|Company bal|Company bal|Company bal|ance s|heet|at 31Marc|h 2022|||
|---|---|---|---|---|---|---|---|---|
|Company
number: 01368325|||||||||
|Charity number: 275961|||||||||
||||||2022||2021||
|||||Note|||||
|Fixed assets|||||||||
|Tangible assets||||||5,097,173||5,814,679|
|Current assets|||||||||
|Stock|||||30,397||12,519||
|Debtors|||||595,954||414,510||
|Cash in hand and at|bank||||3,151,217||1,589,289||
||||||3,777,568||2,016,318||
|Creditors: amounts|falling due||within one||||||
|year||||10|(2,336,226)||(1,226,979)||
|Net current assets||||||1,441,342||789,339|
|Net assets||||13||6,538,515||6,604,018|
|Funds|||||||||
|Unrestricted
funds:|||||||||
|Undesignated
Designated||||14
14||863,385
590,080||72,938
767,863|
|Restricted funds:|||||||||
|Refurbishment
project
Development
project
Capital replacement
Other restricted
funds||||15
15
15
15||4,500,117
140,309
112,743||404,655
4,668,319
185,285
106,836|
|Weston Culture||Fund||15||79,956||290,000|
|Arts Council Emergency|||Recovery Fund|15||||108,122|
|Cultural
Relief||Fund||15||251,925|||
|||||||6,538,515||6,604,018|
##
||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|
||||Note|||||||
|Net cash inflow/(outflow)||from||||||||
|operating
activities||||||1,766,055|||1,013,674|
|Cash flows from investing||activities||||||||
|Interest received||||151|||917|||
|Net cash inflow from|investing|||||||||
|activities||||||151|||917|
|Cash flows from financing||activities||||||||
|Purchase oftangible|fixed|assets||(204,278)|||(130,034)|||
|Net cash outflow from financing||||||||||
|activities||||||(204,278)|||(130,034)|
|Increase/(decrease)|in cash||19|||1,561,928|||884,557|
##
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|Leasehold|property|Up|to 20/30 years|
|---|---|---|---|
|Equipment|||5years|
|Furniture|||10years|
|Fixtures|||5to 10years|
##
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##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
|||||Note|Total||Total|
||||||E||E|
|Incoming Resources||||||||
|Turnover||||||||
|Ticket income||||1.2||1,671,990|49,211|
|Other direct programme||income||1.2||525,046|122,618|
|Rental income||||1.2||374,543|141,448|
|Bars, catering, merchandising,|||etc.|1.4||346,708|10,305|
|Trading company||||1.11||535,762|79,650|
|Fundraising||||1.3||38,265|64,986|
|Interest receivable||||1.6||151|917|
|Other donations||||1.3||73,463|28,783|
|Other restricted donations||||1.3||5,956||
|Sponsorship
income||||1.3|||10,400|
|Turnover||||||3,571,884|508,318|
|Grantlncome||||||||
|Arts Council England, Southwest||||||3S4,806|348,509|
|Additional
Restrictions||Grant (BCPCouncil)||||41,000|10,000|
|Job Retention Scheme|Grant|||||&7,179|451,228|
|BCPCouncil||||||430,812|430,812|
|Cultural
Recovery Fund||(DCMS)||||1,073,771|889,168|
|Emergency
Response|Fund (CRF)||||||277,004|
|Weston Culture
Fund|||||||290,000|
|Other Grants||||||4,000||
|RBSBank Switch||||||25,000||
|DCCI Kick Starters||||||17,&42||
|Grant Income||||||2,034,410|2,696,721|
|Other Income||||||||
|Totallncoming
Resources||||||5,606,294|3,205,039|
|Resources Expended||||||||
|Cost ofSales||||||||
|Direct programme
and||event costs||||2,129,127|687,072|
|Trading company
Bars, catering, merchandising,|||etc.|1.12
1.8||430,212
303,030|110,997
326,131|
|Total Cost ofSales||||||2,&62,369|1,124,200|
|Administrative
Expenditure||||||||
|Establishment
costs||||||760,750|415,591|
|Marketing
and publicity||||||391,284|241,622|
|Support costs||||||906,943|332,796|
|Other restricted costs||||||17,556||
|Total Administrative|Expenditure|||||2,076,533|990,009|
|Total Resources Expended before Restricted||||||4,938,902|2,114,209|
|Depreciation||||||||
|Net Surplus before Restricted|||Depreciation|||667,392|1,090,830|
|Restricted depreciation||||||(627,345)|(641,270)|
|Net Surplus / (Deficit)||after Restricted||||40,047|449,560|
|Depreciation||||||||
##
##
|The trading
subsidiary|is Poole Arts|is Poole Arts|is Poole Arts|Trust (Trading)|Limited, which
is incorporated|Limited, which
is incorporated|in the United|in the United|Kingdom|(company|(company|number 01368368)|number 01368368)|and|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|pays
all of its profits to the charity
under the gift aid scheme
commercial
trading operations
carried on at the Poole Arts Trust||||||in the next financial
Limited premises.
A||year. Poole Arts Trust
summary
ofthe trading|||(Trading)
results
is||Limited operates
shown below.|all|
|||||||2022|||||||2021||
|||||||f|||||||6||
|Turnover||||||535,762|||||||79,650||
|Cost ofsales and administration|||costs|||(430,212)|||||||(110,997)||
|Net profit/
(loss)||||||105,550|||||||(31,347)||
|Amount
donated to the charity|||||||||||||(146,776)||
|The assets and liabilities ofthe|||subsidiary
were:||||||||||||
|Fixed assets||||||18,609|||||||10,470||
|Current assets||||||143,324|||||||50,430||
|Current
liabilities||||||(56,067)|||||||(60,584)||
|Non-current
liabilities|||||||||||||||
|Total net assets||||||105,866|||||||316||
##
|.Staff costs|||||
|---|---|---|---|---|
||||2022|2021|
||||f|f|
|Wages and salaries
Social security costs
Other pension costs|||1,403,380
96,738
37,958|1,004,749
76,597
35,094|
||||1,538,076|1,116,440|
|he number ofemployees|whose emoluments|amounted|to overf60,000 in the year was as follows:||
||||2022|2021|
||||Number|Number|
|||||||Full|Part||
|---|---|---|---|---|---|---|---|---|
||||Full time|Part time||time|time||
|Management
Marketing
and
Establishment|and administration
publicity||10
4
6|18
2
20|||17
4
14||
|Bars, catering, and
Direct programme||merchandise
and event|2
6|117
22|||98
8||
||||28|179|26|26|141|15|
|Total||||179|54||167|41|
|Gross|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|wages
E|Nl Ers
f|Pension
f|Benefitsf|Total
f|Gross wages
f||Nl Ers
f|Pension
E|Benefits
E|Total
f|
|273,060|30,844|25,941|3,229|333,074|253,023||30844|24 037|3237|311141|
##
##
|he operating
surplus for|the year is stated after charging:|||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Auditors'
remuneration:||||
|Audit services||15,850|12,750|
|Non-audit
services||800|715|
|Depreciation oftangible|fixed assets|692,474|702,178|
|Audit services
in respect|ofPoole Arts Trust (Trading)|||
|Limited||2,500|2,200|
##
|Cost|||||
|---|---|---|---|---|
|At 1April 2021||14,568,732|1,059,524|15,628,256|
|Additions||48,554|155,724|204,278|
|Disposals|||||
|At 31March|2022|14,617,286|1,215,248|15,832,534|
|Depreciation
At 1April 2021||9,107,626|695,481|9,803,107|
|Provided
during the year||803,540|110,105|913,645|
|Depreciation|on disposal||||
|At 31March|2022|9,911,166|805,586|10,716,752|
|Net book value|||||
|At 31March|2022|4,706,120|409,662|5,115,782|
|At 31March|2021|5,461,106|364,043|5,825,149|
##
|Cost||||
|---|---|---|---|
|At 1April 2021
Additions|14,568,732
48,554|1,044,214
144,523|15,612,946
193,077|
|Disposals||||
|At 31March 2022|14,617,286|1,188,737|15,806,023|
|Depreciation
At 1April 2021
Provided
during the year|9,107,626
803,540|690,641
107,043|9,798,267
910,583|
|Depreciation
on disposal||||
|At 31March 2022|9,911,166|797,684|10,708,850|
|Net book value
At 31March 2022|4,706,120|391,053|5,097,173|
|At 31March 2021|5,461,106|353,573|5,814,679|
##
|l ofthe above assets are used to further the primary
.Stocks|objects ofthe charity.||||
|---|---|---|---|---|
||2022|2022|2021|2021|
||Groupf|Charity
6|Group
6|Charity
E|
|Consumables|13,051|13,051|8,062|8,062|
|Goods for resale|26,710|17,346|9,876|4,457|
||39,761|30,397|17,938|12,519|
|9.Debtors|||||
||2022|2022|2021|2021|
||Groupf|Charity
f|Groupf|Charity
6|
|Trade debtors
VAT recoverable
Other debtors
Prepayments
and accrued income
Amounts
owed from group undertakings|161,574
24,326
441,451|147,016
23,006
425,932|118,798
36,567
45,117
225,835|96,010
39,541
23,396
225,833
29,730|
||627,351|595,954|426,317|414,510|
##
##
|0.Cr|editor|s: amounts
falling|due within one|year|||
|---|---|---|---|---|---|---|
||||2022|2022|2021|2021|
||||Groupf|Charity
6|Group
E|Charity
E|
|Trade creditors|||760,877|752,356|85,365|73,460|
|Other creditors|||427,101|407,554|363,275|347,301|
|Taxation
Deferred|and Social Security
income||43,937
215,876|15,938
215,876|215,876|215,876|
|Amounts|owed to|group undertakings||102,063|||
||||1,447,791|1,493,787|664,516|636,637|
|Boxoffice receipts||in advance|842,439|842,439|590,343|590,343|
||||2,290,230|2,336,226|1,254,859|1,226,980|
|||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|
|Boxoffice receipts||in advance|analysis:|Groupf|Charityf|Groupf|Charity
E|
|Opening
Tickets|balance
sold for events|||590,343
2,832,656|590,343
2,832,656|745,852
(83,430)|745,852
(83,430)|
|Tickets|transferred|to SOFA||(1,953,688)|(1,631,605)|(49,211)|(15,035)|
|Tickets
Tickets|transferred
transferred|to subsidiary
to third parties||(626,872)|(322,083)
(626,872)|(22,868)|(34,176)
(22,868)|
|||||842,439|842,439|590,343|590,343|
##
##
##
|3.Analysis of|net assets|between fun|ds||||
|---|---|---|---|---|---|---|
|||Tangible|Current|Current|Non-current||
|Group||fixed assets|assets|habilities|liabilities|Total|
|||E|E|E|E|E|
|Restricted
refurbishment
Development
project
Capital replacement
Other restricted
funds|project|4,500,117|140,309
112,743|||4,500,117
140,309
106,836|
|Weston Culture fund|||79,956|||290,000|
|Arts Council Emergency
Cultural
Relief Fund|Recovery Fund|251,925||||251,925|
|Global Rainbow|||||||
|Restricted total||4,752,042|333,008|||5,085,050|
|Unrestricted
fund||363,740|2,895,741|(2,290,230)||969,251|
|Designated
fund|||590,080|||590,080|
|Total||5,115,782|3,818,829|(2,290,230)||6,644,381|
|||Tangible|Current|Current|Non-current||
|Charity||fixed assets|assets
E|liabilities
6|liabilities|Total
6|
|Restricted refurbishment
Development
project
Capital replacement
Other restricted
funds|project|4,500,117|140,309
112,743|||4,500,117
140,309
112,743|
|Weston Culture fund|||79,956|||79,956|
|Arts Council Emergency
Cultural
Relief Fund|Recovery fund|251,925||||251,925|
|Global Rainbow|||||||
|Restricted total||4,752,042|333,008|||5,085,050|
|Unrestricted
fund||345,131|2,854,480|(2,336,226)||863,385|
|Designated
fund|||590,080|||590,080|
|Total||5,097,173|3,777,568|(2,336,226)||6,538,515|
##
##
|||||Total|
|---|---|---|---|---|
|||Undesignated|Designated|unrestricted|
|Group||funds
E|funds
E|funds
E|
|Income||4,459,060||4,459,060|
|Expenditure||(4,276,492)||(4,276,492)|
|Surplus/
Transfers|Deficit for the year|182,568
713,429|(177,783)|182,568
535,646|
|Balance|at 1April 2021|73,254|767,863|841,117|
|Balance|at 31March 2022|969,251|590,080|1,559,331|
|In the previous year group undesignated|In the previous year group undesignated|funds|had total income ofE1,720,084, total expenditure|of E1,485,548 and a surplus
for the|of E1,485,548 and a surplus
for the|
|---|---|---|---|---|---|
|year ofE234,536.|||||Total|
||||Undesignated|Designated|unrestricted|
|Charity|||funds
E|Funds
E|funds
E|
|Income|||3,923,298||3,923,298|
|Expenditure|||(3,846,280)||(3,846,280)|
|Surplus/
Transfers|Deficit for the year||77,018
713,429|(177,783)|77,018
535,646|
|Balance|at 1April 2021||72,938|767,863|840,801|
|Balance|at 31March 2022||863,385|590,080|1,453,465|
|||Designated||||
|---|---|---|---|---|---|
|||Maintenance|Artistic Risk|||
|||Reserve|Reserve|Risk Reserve|Total|
||||E||E|
|Balance at 1April 2021||138,474||629,389|767,863|
|Transferred|in (out)|(138,474)|196,693|(236,002)|(177,783)|
|Balance at 31March 2022|||196,693|393,387|590,080|
##
|The restricted|refurbishment|refurbishment|project|consists ofthe following|funds:|||||
|---|---|---|---|---|---|---|---|---|---|
||||Arts||Garfield|South||||
||||Council||Weston|West of||||
||||of|Charitable||England||Katz||
||||England|BCPCouncil|Trust
f|RDA
E|Other
E|Foundation
E|Total
E|
|Original
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|Balance at
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|Depreciation||(311,153)||(72,455)|(4,739)|(4,739)|(10,613)|(956)|(404,655)|
|Balance at||||||||||
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|18.Net cash inflow I|(o|utflo|w) from op|erating
act|ivities||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Reconciliation
ofoperating
surplus|to|net cash|||||
|inflow/(outflow)
from operating|activities:||||||
|Net unrestricted
incoming/(outgoing)resources|||for the year||182,568|34,536|
|Net designated
incoming/(outgoing)resources|||for the year|||629,389|
|Net restricted
incoming/(outgoing)|resources for the year||||(142,521)|(214,365)|
|Net incoming/(outgoing)
resources|for the year||||||
||||||40,047|449,560|
|Interest receivable|||||(151)|(917)|
|Depreciation
on fixed assets|||||913,645|705,164|
|Loss on disposal offixed assets|||||||
|(Increase)/decrease
in stock|||||(21,823)|6,574|
|(Increase)/decrease
in debtors|||||(201,034)|108,170|
|Increase / (decrease) in creditors|||||1,035,371|(254,877)|
|Net cash inflow from operating
activities|||||||
||||||1,766,055|1,013,674|
|19.Analysis ofchanges||in net funds|||||
|||||2021|Cash flow|2022|
|||||f.|||
|Cash at bank and in hand||||1,589,789|1,561,928|3,151,717|
|20.Ultimate control|||||||