**REGISTERED COMPANY NUMBER: 01607633 (England and Wales) REGISTERED CHARITY NUMBER: 284186** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2021 for The Cranleigh Arts Centre Limited** **The Cranleigh Arts Centre Limited** **Contents of the Financial Statements for the Year Ended 31st March 2021** ||Page| |---|---| |Report of the Trustees|2-5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|9-17| |Detailed Statement of Financial Activities|18-20| **The Cranleigh Arts Centre Limited** ## **Report of the Trustees for the Year Ended 31st March 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). ## **Covid 19** In last year’s report I discussed the impact of the Covid outbreak on the Arts Centre. For much of the financial period now under report and review, activity at the Arts Centre had been severely disrupted. This is reflected in the comparative financial statements and disclosures. At the time of writing this report, November 2021, the Arts Centre is open again and has been since late August 2021. Good progress is being made in relaunching our Programme and activities. ## **Objectives and activities** The comments below historically apply in normal times and normal operating conditions, both of which have been impacted by Covid 19 restrictions. They remain relevant however for the purposes of this report and accounts as limited restricted and partial opening was achieved at times. ## **Objectives** The objectives for which the Arts Centre is established are to enrich, entertain and inspire through performance, exhibition, education and participation in the arts and other leisure time activities (apart from sport) for all ages of the inhabitants of Cranleigh, surrounding villages and district and it shall be permitted to do all such other things as are incidental to the attainment and furtherance of these objects. ## **Activities** The Company achieves its stated objectives through its principal activity which is the operation of the Arts Centre in Cranleigh, where various arts and educational events are promoted, rooms are hired to various local clubs and groups for study and participation in the arts and to private individuals and organisations for training and community activity. In shaping our objectives for the year and planning our activities, the Trustees have considered, and taken due regard of, the Charity Commission's guidance and advice on public benefit. Our programme of activities described below focus very much on bringing the arts to the community of Cranleigh. Affordability and access are monitored by trustees within the business review process. At all times the Centre encourages open access to all members of the community. ## **Volunteers, Staff Team and Trustees.** Cranleigh Arts Centre is dependent on the dedication of its around 60 volunteers, numbers having fallen during Covid. Without their commitment the Arts Centre could not exist. During the Covid closure members of our Staff Team were frequently furloughed under the government’s Covid Job Retention Scheme, the exception being our independently funded Volunteer Co-ordinator. Notwithstanding that, we were able to keep the Arts Centre ticking over while maintaining links and communications with our community, audiences and hirers. I must also thank the Board of Trustees who bring their wisdom and experience to the oversight of the Arts Centre’s affairs. Their competencies and contributions span the arts, business and finance. ## **Achievement and performance** ## **Charitable activities** There has been little opportunity for normal activity during the year. The Board has focused its attention and resources on surviving the severe impact of Covid which in financial terms has meant a near total loss of operating income, as the financial statements show. Priority has been given to conserving our Unrestricted Reserves, which fortunately had increased appreciably in recent years as a policy objective, applying for available grants and by accessing the government Covid Job Retention Scheme. I express our thanks and appreciation to Arts Council England, Garfield Weston Foundation, The Heritage Lottery Community Fund, for their continued funding of our Volunteer Page 2 Co-Ordinator, and to Waverley Council for maintaining their Service Level Agreement with Cranleigh Arts during this difficult time. During Covid restrictions we invested in a Recording and Live Stream platform which enabled us provide some paid opportunity for musicians to perform and to stream these concerts live to our community and wider audiences. We are confident that it will provide future opportunities to link with audiences and our community while making the Arts Centre an even more attractive venue. ## **Fundraising activities** As well as funds raised from available and largely Covid related grants we have kept in close contact with our Friends of Cranleigh Arts Centre cadre who have provided invaluable support by maintaining their annual subscriptions during a time when we have unable to deliver our usual programme of events and activities to any meaningful extent. We are very grateful to them. ## **Financial review** ## **Provision** A provision of £8,000 has been made in the Statement of Financial Activities due to a loss suffered in relation to the incurrence of irregular and unauthorised expenses and other actions uncovered during the period. The matter has been reported to The Charities Commission in compliance with their requirements and to the Police. ## **Principal funding sources** In spite of minimal operational activity throughout the year overall level of funds was bolstered by Covid themed grants received during the period from the Arts Council £27,000, Garfield Weston Foundation £10,000 and eligible Waverley BC support and grants applied for totalling £19,374. These sums have been applied directly to Reserves. Reflecting Covid restrictions and closure normally categorised as operating income has been severely impacted; |- Voluntary income, fundraising and donations|£ 14,678|(2020 - £52,918| |---|---|---| |- Hospitality, room hire and sundry income|£ 3,127|(2020 - £90,422| |- Investment income|£ 591|(2020 - £ 458| |- Visual and performing arts, largely from ticket sales|£ nil|(2020 - £151,376| |- Courses and workshops|£ nil|(2020 - £5,694| |- Waverley Service Level Agreement|£ 22,000|(2020 - £22,000| ## **Reserves policy** Our policy has been to maintain Unrestricted Reserves to at least 6 months operating costs. Total Reserves as at 31[st] March 2021 totalled £181,425. Importantly, of this figure Unrestricted/Designated Reserves totalled £124,938, currently in excess of 6 months costs. Page 3 **The Cranleigh Arts Centre Limited** ## **Report of the Trustees for the Year Ended 31st March 2021** ## **Structure, governance and management** ## **Governing document** The Cranleigh Arts Centre is a company limited by guarantee, governed by its memorandum and Articles of Association dated 30 June 2010. The company was incorporated on 14 January 1982 and it registered as a charity with the Charity Commission on 19 April 1982. The company is governed by its Board of Management which meets at least four times a year. The Board consists of voting directors, recommended by a selection subcommittee and elected by the company members at the Annual General Meeting. Our vision is 'to enrich, entertain and inspire our community'. ## **Recruitment and appointment of new trustees** The Board may from time to time and at any time appoint a member of the Arts Centre as a member of the Board to fill a casual vacancy. Any member so appointed shall retain the position only until the next annual general meeting, but shall then be eligible for re-election. No person who is not a member of the Arts Centre shall in any circumstances be eligible to hold office as a member of the Board. Unless otherwise determined by a general meeting, the Board will be at liberty to invite whichever Observer(s) it decides to the Art Centre's meetings. Such Observers will be at liberty to attend the meeting and speak, but will have no power to vote or influence any decision of the Board or members. For example the Board continues to invite as observers - one person nominated by Cranleigh Parish Council; one person nominated by Waverley Borough Council; one person being the holder for the time being of the office of Arts and Museum Officer of Waverley Borough Council. At each Annual General Meeting one-quarter of the elected members of the Board for the time being, or if their number is not a multiple of four then the number nearest to one-quarter, shall retire from office. The maximum period of time that a director can serve as a member of the Board is two terms, each term lasting from the date of election of that director to the fourth annual general meeting of the Company thereafter; subject to the Company's Article 22.3. ## **Organisational structure** The Arts Centre operates through a core team of four, each having delegated authority and responsibility for the day to day operations covering programme, facilities management, marketing and volunteer co-ordination. The staff team in turn has oversight through and is responsible directly to a board sub group of trustees. The staff team and trustees are in turn supported by a team of volunteers who provide vital assistance and support throughout the operations of the Arts Centre. The Board of Trustees has overall responsibility for good governance and oversight of the organisation, management and operations of the Arts Centre. ## **Induction and training of new trustees** By way of induction, new directors/trustees are supplied with a copy of the company's Articles of Association and a copy of the Charity Commission's booklet CC3 - 'The Essential Trustee' updated in July 2015. They are also encouraged to visit the Arts Centre to see it 'at work' and to attend as many arts events and activities as possible. ## **Risk management** The Directors regularly review the major strategic and operational risks which the Company faces and have put in place systems to examine those risks and to mitigate the company's exposure to them, as far as possible in a small organisation. ## **Reference and administrative details Registered Company number** 01607633 (England and Wales) ## **Registered Charity number** 284186 ## **Registered office** 1 High Street Cranleigh Surrey GU6 8AS Page 4 I'he Cr•nl¢lgh Arts Centre Umhed Report nf Ihe Trustees for th¢ Yethr Endid 3 1st March 2U2I Rtfere￿¢ sThd Adniln151r#il%'t dei*lls R¢gislcr¢d Company numbcr 01607633 Ir.n&l¥nd and Walcs) Ch&rily nuTnbeT 2%41%6 princip￿ nffice l Higfh Stre¢l. Criinleiuh. CJU6 SAS I'ru5tecJ Thc following Trust￿￿+ slrvcd diirin8 t1￿ ycar. MrRJWild Ms D MIllLY My l. l.. mu￿aY Mr % Rabinowitz MTS L G Wilson Mr C Wilwn Ms A Ivinief M% A IAnible)' Mr J M41nM'arin& Mr n Whiiaker C'hdirniin rcslyliL￿ 271712020 T￿lgri￿ ?X1711U?U Trea¥u￿r Company Seerchlar). TWM Corwr8le SLYYicLTh Liiiiilc Indepeffjdtnl MI IM AiLviinlinx Soluiiuns 1 l M¥plLdiJkLS C"IIRx l+W'hui'%l 6U(1 7QR. ThL Tr￿1cC 1% rL%FxJnsihlL foi kLXVili¥ pr(ycr ucc()iintints rLxords 111411 disLlos¢ wilh r¢thy>Diiblc uccuracy Jt aiiy limi lh¢ rinilncial Posblion ol. Ihc Lliarily aiid lo cnJblc ihiin 10 Lllsurc thai Ihe fin4nci411 slalcinLlli8 Loinply iviili the ('liarities {Aicoun15 an(1 Rc￿n$) Rcgtrul#ii()n.% 4hnil the prL1¥151nll% ()f IliL 1rns1 dcLd. l-hL -I'ruslLx is also r¢5P)115iblc f()r ifLguiir(linb Ihe a%%¢i.s of lh¢ Lliariiy ttiKI hLIILL Idkiiib) fL.￿l￿n:￿bIL %ILP% for IhL pfLVLnlifTrn ii)d dL•IL*iion DI. Irdlid diid other irtebkuldriiies. ruve(I by onk.r ol'ihL b(>ar(l iru>l' ............................................. ¥iblTILd IL% Ix.hdifbv-. M¥ R J Wild -fTUMCC **The Cranleigh Arts Centre Limited Independent Examiners Report** ## **Independent Examiner's Report to the trustee of The Cranleigh Arts Centre Limited** I report to the trustees on my examination of the accounts of The Cranleigh Arts Centre Limited for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the charity's trustee you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with those records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU6 7QR 31 March 2021 Page 6 **The Cranleigh Arts Centre Limited Statement of Financial Activities** ## **for the year ended 31 March 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net expenditure**
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
36,678
3,068
59
591|**Restricted**
**funds**
**2021**
**£**
-
-
-
-|**Total funds**
**2021**
**£**
36,678
3,068
59
591|**Total funds**
**2020**
**£**
74,818
202,698
44,794
458| |---|---|---|---|---| ||40,396
574
3,676
79,413|-
-
-
-|40,396
574
3,676
79,413|322,768
27,945
114,103
216,066| ||83,663
-|-
-|83,663
-|358,114
-| ||(43,267)
-|-
-|(43,267)
-|(35,346)
-| ||(43,267)
48,592|-
-|(43,267)
48,592|(35,346)
-| ||5,325
119,613|-
56,487|5,325
176,100|(35,346)
211,446| ||124,938|56,487|181,425|176,100| Page 7 **The Cranleigh Arts Centre Limited Balance Sheet** ## **at 31 March 2021** |**Charity No. 284186**
**Fixed assets**
Tangible assets
11
**Current assets**
Stocks
12
Debtors
13
Cash at bank and in hand
**Creditors:**Amount falling due within one year
14
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
15
Restricted income funds
**Unrestricted funds**
15
General funds
Designated funds
**Reserves**
15
**Total funds**|**2021**
**£**
-
550
4,950
185,906
191,406
(9,981)
181,425
181,425
181,425
181,425
56,487
56,487
114,469
10,469
124,938
181,425|**2020**
**£**
-
3,050
12,050
179,395| |---|---|---| |||194,495
(18,395)| |||176,100
176,100| |||176,100| |||176,100| |||56,487| |||56,487
100,045
19,568| |||119,613| |||176,100| Approved by the trustees on 31 March 2021 And signed on their behalf by: R.J. Wild Trustee 31 March 2021 Page 8 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **for the year ended 31 March 2021** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 9 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: % written on in the year of Fixtures and Fittings expenses All Capital is written on in the year of expenditure ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 10 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Page 11 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Statement of Financial Activities - prior year** |**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations
Subscriptions
Waverley BC Grants|**Unrestricted**
**funds**
**2020**
**£**
49,823
202,698
44,794
458
297,773
23,912
114,103
138,272
276,287
21,486
21,486
21,486
67,595
89,081
**Unrestricted**
**£**
7,871
6,807
22,000
36,678|**Restricted**
**funds**
**2020**
**£**
24,996
-
-
-
24,996
4,033
-
61,998
66,031
(41,035)
(41,035)
(41,035)
128,058
87,023
**Total**
**2021**
**£**
7,871
6,807
22,000
36,678|**Total funds**
**2020**
**£**
74,819
202,698
44,794
458| |---|---|---|---| ||||322,769
27,945
114,103
200,270| ||||342,318| ||||(19,549)| ||||(19,549)| ||||(19,549)
195,653| ||||176,104| ||||**Total**
**2020**
**£**
43,540
9,278
22,000| ||||74,818| Page 12 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 4 **Income from charitable activities** |Visual and Performing Arts
Room Hire
Brochure
5
**Income from other trading activities**
Bar and Café
Courses and Workshops
6
**Income from investments**
Bank Interest
7
**Expenditure on raising funds**
_Fundraising trading costs_
Bar and Café
Bad Debts
Designated Fund usage|**Unrestricted**
**£**
-
3,068
-
3,068
**Unrestricted**
**£**
59
-
59
**Unrestricted**
**£**
591
591
**Unrestricted**
**£**
574
-
-
574|**Total**
**2021**
**£**
-
3,068
-
3,068
**Total**
**2021**
**£**
59
-
59
**Total**
**2021**
**£**
591
591
**Total**
**2021**
**£**
574
-
-
574|**Total**
**2020**
**£**
150,227
51,322
1,149| |---|---|---|---| ||||202,698| ||||**Total**
**2020**
**£**
39,100
5,694| ||||44,794| ||||**Total**
**2020**
**£**
458| ||||458| ||||**Total**
**2020**
**£**
23,726
186
4,033| ||||27,945| Page 13 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 8 **Expenditure on charitable activities** |_Expenditure on charitable_
_activities_
Visual and Performing Arts
Room Hire
Brochure
Other
_Governance costs_
Accountancy fees
Legal fees
Professional fees
9
**Other expenditure**
Piano
Other interest payable
Employee costs
Premises costs
General administrative costs
10 **Staff costs**
Salaries and wages
Social security costs
Pension costs|**Unrestricted**
**£**
-
80
233
1,738
500
485
640
3,676
**Unrestricted**
**£**
-
1,874
25,973
17,093
34,473
79,413
22,086
2,239
1,500
25,825|**Total**
**2021**
**£**
-
80
233
1,738
500
485
640
3,676
**Total**
**2021**
**£**
-
1,874
25,973
17,093
34,473
79,413|**Total**
**2020**
**£**
96,069
4,684
9,014
3,954
(46)
261
167| |---|---|---|---| ||||114,103| ||||**Total**
**2020**
**£**
30,167
-
67,756
91,962
26,181| ||||216,066| ||||63,542
2,289
1,382| ||||67,213| No employee received emoluments in excess of £60,000. Page 14 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 11 **Tangible fixed assets** |11 **Tangible fixed assets**||||| |---|---|---|---|---| |**Cost or revaluation**
At 1 April 2020
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
12 **Stocks**
Raw materials and consumables
13 **Debtors**
Trade debtors
Prepayments and accrued income
14 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income|**Land and**
**buildings**
**£**
1,166,743
1,166,743
1,166,743
1,166,743
-
-|**Fixtures and**
**Fittings**|**£**
66,307
66,307
66,307
66,307
-
-|**Total**
**£**
1,237,540| |||**£**
4,490
4,490
4,490
4,490
-
-
**2021**
**£**
550
550
**2021**
**£**
-
4,950
4,950
**2021**
**£**
3,569
(2,030)
1,000
7,442
9,981||| |||||1,237,540| |||||1,237,540| |||||1,237,540| |||||-| |||||-| |||||**2020**
**£**
3,050| |||||3,050| |||||**2020**
**£**
6,484
5,566| |||||12,050| |||||**2020**
**£**
16,465
(1,441)
1,629
1,742| |||||18,395| Page 15 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 15 **Movement in funds** |**Movement in funds**|||||| |---|---|---|---|---|---| ||**At 1 April**
**2020**
1,690
2,403
57,565
(5,171)
100,045
14,737
4,831
-
-

176,100|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
-
-
40,398
-
-
-
-
40,398|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
-
-
(5,171)
5,171
57,689
(10,000)
-
101
800
48,590|**At 31**
**March**
**2021**
**£**
1,690
2,403
52,394
-| |**Restricted funds:**
**Restricted income funds:**
Volunteer coordinator fund
Ticket Fund
s106 Grant
Piano Fund
**Unrestricted funds:**
**General funds**
**Designated funds:**
General Fund
Technical Development Fund
Reserves
Marking Donation
**Revaluation Reserves:**
**Total funds**|||||| ||||-||| ||||-||| ||||-||| ||||-||| ||||(83,663)
-
-
-
-
(83,663)||| ||||||| ||||||114,469
4,737
4,831
101
800| ||||||| ||||||| ||||||181,425| Purposes and restrictions in relation to the funds: Restricted funds: Volunteer coordinator fund a restricted fund set up following a donation from the Wates Foundation for the salary and training of a volunteer co-ordinator Ticket Fund a restricted fund following a donation from the St James Place charitable foundation to pay for the tickets to Cranleigh Arts Centre events for the benefit of under privileged children. s106 Grant a restricted fund following a donation from the St James Place charitable foundation to pay for the tickets to Cranleigh Arts Centre events for the benefit of under privileged children. Piano Fund a restricted fund for the cost of a new piano Designated funds: General Fund Technical Development Fund a designated fund set up to cover the cost of replacing or improving equipment used in the centre to ensure funds are available when required Reserves Marking Donation Page 16 **The Cranleigh Arts Centre Limited Notes to the Accounts** ## 16 **Analysis of net assets between funds** |16 **Analysis of net assets between funds**|||| |---|---|---|---| |Net current assets
17 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
162,004
162,004
**At 1 April**
**2020**
**£**|**Restricted**
**funds**
**£**
19,421
19,421
**Cash flows**
**£**|**Total**
**£**
181,425| ||||181,425| ||||**At 31**
**March**
**2021**
**£**| ||179,395|6,511|185,906| ||179,395
179,395|6,511
6,511|185,906| ||||185,906| ||||| |18 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2021**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
amounted to:|are as follows:
**2021**
**Other**
**£**
**2021**
**£**
1,500|**2020**
**Land and**
**buildings**
**£**|**2020**
**Other**
**£**
**2020**
**£**
1,382| Page 17 **The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities** ## **for the year ended 31 March 2021** |**Income and endowments from:**
Donations and legacies
Donations
Subscriptions
Waverley BC Grants
Charitable activities
Visual and Performing Arts
Room Hire
Brochure
Other trading activities
Bar and Café
Courses and Workshops
Investments
Bank Interest
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Bar and Café
Bad Debts
Designated Fund usage
**Total of expenditure on raising**
**funds**
Charitable activities
Visual and Performing Arts
Room Hire
Brochure
Other
Governance costs
Accountancy fees
Legal fees
Professional fees|**Unrestricted**
**funds**
**2021**
**£**
7,871
6,807
22,000
36,678
-
3,068
-
3,068
59
-
59
591
591
40,396
574
-
-
574
574
-
80
233
1,738
2,051
500
485
640
1,625|**Total funds**
**2021**
**£**
7,871
6,807
22,000
36,678
-
3,068
-
3,068
59
-
59
591
591
40,396
574
-
-
574
574
-
80
233
1,738
2,051
500
485
640
1,625|**Total funds**
**2020**
**£**
43,540
9,278
22,000| |---|---|---|---| ||||74,818| ||||150,227
51,322
1,149| ||||202,698| ||||39,100
5,694| ||||44,794| ||||458| ||||458| ||||322,768
23,726
186
4,033| ||||27,945| ||||27,945
96,069
4,684
9,014
3,954| ||||113,721| ||||(46)
261
167| ||||382| Page 18 **The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities** ## **Total of expenditure on charitable** |
**activities**
Other expenditure
Piano
Other interest payable
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Temporary staff
Premises costs
Rent
Rates
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures and
Fittings
Bad debts
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**|3,676
-
1,874
1,874
22,086
2,239
1,500
4
144
25,973
4,015
1,065
5,375
1,873
-
3,589
1,176
17,093
-
8,000
276
3,217
232
21,291
143
35
1,279
34,473
79,413
83,663
-
(43,267)
(43,267)|3,676
-
1,874
1,874
22,086
2,239
1,500
4
144
25,973
4,015
1,065
5,375
1,873
-
3,589
1,176
17,093
-
8,000
276
3,217
232
21,291
143
35
1,279
34,473
79,413
83,663
-
(43,267)
(43,267)|114,103
30,167
-| |---|---|---|---| ||||30,167| ||||63,542
2,289
1,382
543
-| ||||67,756| ||||4,015
2,419
12,941
9,701
3,727
57,517
1,642| ||||91,962| ||||-
-
900
3,149
1,340
16,575
-
2,678
1,539| ||||26,181| ||||216,066| ||||358,114
-| ||||(35,346)| ||||(35,346)| Page 19 **The Cranleigh Arts Centre Limited Detailed Statement of Financial Activities** |**The Cranleigh Arts Centre Limited**
**Detailed Statement of Financial Activities**||||| |---|---|---|---|---| |Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|119,613
124,936|48,590
5,323
56,487
56,487|48,590
5,323
176,100
181,423|-| |||||(35,346)| |||||211,446| |||||176,100| Page 20