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|---|---|---|---|---|
|Company
Information|||||
|Directors' report|||||
|Independent
auditors'|report|||12|
|Consolidated
group statement||of financial|activities|IB|
|Balance sheets||||17|
|Notes to the financial|statements|||18|
|Management
Profit and Loss Accounts||||32|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
||||8|6|8|8|
|Income:|||||||
|Donations
end legacies|||15,083||16,083|6,143|
|income from charitable|ectivitiesr||||||
|Grants receivable|||522,328|84,994|587,322|i,043,918|
|Events end Exhibitions|||221,276||221,276|63,69|
|Fgm snd video resource|||85183||85183|752|
|Courses, classes snd related income|||50,927||60,927|7,305|
|income from other tredingecrivities.|||||||
|Commercial
trading operetinge|||821,96||82(96|92,3t!7|
|Other income|||82,409||82,409|12,388|
|Total income||||84,994|1,844,110|1,230,970|
|Expenditure|||||||
|Cost ofraising
funder
Commercial
trading operations|||(882,830)||(882,830)|(396,039)|
|Expenditure
on charitable|activities|7, 8|||||
|Events end Exhibitions|||(449,313)|(129,430)|(678,743)|(479,921)|
|Film end video resource|||(237,988)|(37,966)|(276,964)|(171,667)|
|Courses,
c les see end related income|||(89,444)|(5,177)|(74,821)|(19,392)|
|Governance
costs|||(7,968)||(7,966)|(10,963)|
|Total expenditure|||1,647,541|172,573|1,820,TI4|1,077,873|
|Net Income/
(expenditure)|for the reer||131,675|(107,579)|23,996|153,097|
|Total funda
brought
forward|||(208,680)|764,804|648,224|393,130|
|Transfers offunds|||||||
|Total funds carried forward|||(777,009|647928|570,219|548,225|
##
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##
|Consolidated||Bala|nce Sheet||||||
|---|---|---|---|---|---|---|---|---|
|||||Note|Group|Group|Charity|Charity|
||||||2022|2021|2022|2021|
|||||||E|F.||
|FIXED ASSETS|||||||||
|InteSlble fixed exacts||||16|3,000|6,000|||
|TenSlble assets||||16|744,503|864,363|855,030|773,842|
|Investments||||17|25,600|25,600|28,500|26500|
|Total fixed assets|||||773,003|886,853|681,630|800,342|
|CURRENT ASSETS|||||||||
|Stock|||||22,102|8862|||
|Debtors||||18|46,569|62,220|39,396|52,719|
|Cash et hend end|I~|bank|||235,494|60728|204,006|626160|
|Total current
enacts|||||304,164|||106,669|
|CURRENT UASIUTIES|||||||||
|Creditors
amounts||feStn8|due within one year|20|(475,281)|(416162)|(319,665)|(326,704)|
|Net current enacts/(SsbRltlee)|||||~rrtll7|~(283841|~76,265)|~(221,135|
|Total senate less|current||tebRltles||~61|602,612|805,265|679,207|
|Creditors
amounts
~et assets||fslllnS|due after more then one year|21|(31,667)
570219|(66,288)
~5|(31,687)
673,698|(41,687)
~40|
|Represented
bx|||||||||
|Unrestrrcted
funds||||22, 2S|(77,009)|(208,560)|(73,627)|(217,265)|
|Restricted funtb||||22, 23|647,228|764,804|647,226|764,804|
|Total Charity funds|||||||~59||
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|4.Financial Activitie|s of t|he Charity (excluding the|Subsldlaty)||
|---|---|---|---|---|
||||2022|2021|
|Governance|||6||
|Gross incoming Resources|||982,610|929,689|
|Total Expenditure
on charitable||activities|(938,685)|(932122)|
|costa|||(7,988)|(10,963)|
||||36,069|3,518|
|Net incoming/(outgoing)
resources
Total Funds et 1 Aprg 2021|||38,059
537,539|(13,516)
eei,oes|
|Total Funds et 31 March|2022|||537,639|
|Represented
by.|||||
|unrestricted
Funda|||(73,i127)|(2T7,286)|
|Restricted
Funds|||647,225|754,804|
|Total net aaseta|||||
##
|ofthe trading
result|s of|EATS is shown
below:|||
|---|---|---|---|---|
|Results of EATS|||2022|2021|
||||6||
|Turnover|||861,498|301401|
|Cost of sales snd administration||coats|(873,562)|(134,787)|
|Net loss||||168,614|
|The assets end gebgltea|of EATS were:||||
|Fixed Assets|||92,473|88,68|
|Currant assets|||60,767|26,242|
|Current
ilebBltles|||(155,619)|(88,447)|
|Long term liebRitle*||||(14,621)|
|Total net assete||||s,eee|
|Aggregate
share capital|and|reaenrss|||
##
##
||||2022|2021|
|---|---|---|---|---|
||||8|f|
|Theatre|lettinge end conferences||19,313|938|
|Boxoffice Income|||19,493|2,609|
|Sundry|||28|2|
|Membership|||45|46|
|Property|rental end maintenance|recharge|23,530|8,872|
||||82,409|12,368|
##
|7.Costs ofCharitable
Activities||||||
|---|---|---|---|---|---|
||Support|Direct Staff|Other Direct|2022|2021|
|Event end exhibitions|299,431|130,900|148,412|578,743|479,921|
|Fem end video resource|116,909|76,809|83,436|276,963|meey|
|Courses, classes and related expenses|67,613||7,008|74,621|19,392|
##
|ncluded
in the cost of|cherltet7le activities are the f|ollowing support costs;||
|---|---|---|---|
|||2022|2021|
|||9|6|
|Administration
end marketing|salaries|228,100|228,642|
|Trsl~Ing end other staf costa||2,844|330|
|Rent||37,944|37,944|
|service charge||27,050|27,060|
|Premlaea
maintenance||2,094|2,928|
|Marketing costs||17,826|4,849|
|Prlntns
postage end stationery||3,108|2,207|
|Telophone||1036|1,186|
|Boxoffice costa||4,688|712|
|oenerel insurance||13,362|9,007|
|Subacrlptlone||2,421|I,IT7|
|Hospltsgty||1,284|12|
|Sundrlee||2,471|488|
|Equipment
hire end maintenance||9,050|3,749|
|Professional fees|||1,702|
|Bank charges
end Interest||2,946|1,831|
|Hire purchase
interest||9,376|4,957|
|Depreciation||119,878|131,109
461,499|
##
##
|9.Gove|rnance Cost|||
|---|---|---|---|
|||2022|2021|
|||6|6|
|Auditors|fee*|7,966|10,963|
|||ret|tftrt|
##
|10.Staff Costs|||
|---|---|---|
||2022|2021|
|Weaes end salaries|600,932|sse,sed|
|social secudty costa|36,166|21,960|
|Pension coats|18,873|13,233|
||sa,sss||
##
|12.Net inco|mi|ng/(ou|tgoing)
resources
is stated|after charging||
|---|---|---|---|---|---|
|||||2022|2021|
|cepreclatlon|of|owned|assets|||
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##
|xpend(tule
account|)|||||
|---|---|---|---|---|---|
||||||2021|
||||Unrestricted|Restricted|Total|
||||Funds|Funds|Furrda|
||||8||F.|
|Income:||||||
|Donetlone
end legacies|||6,143||6,143|
|Income from charitable|achvrtiesr|||||
|Grants receivable|||978,824|64,994|1,043,918|
|Events and Exhibitions|||63,69||83,TI9|
|Fgm end video resource|||762||752|
|Courses, classea end related||Income|7,306||7,306|
|Income fmm other trading sclrvlrlasr||||||
|Commercial
trading operetlngs|||92,387||92,367|
|Other Income|||12,366||12,366|
|Total Income|||1,185,878|64,994|1,230,970|
|Expenditure:||||||
|Cost of raising funds:||||||
|Commercial
trading
operations|||(396,039)||(396,039)|
|Expenditure
on charitable|activities|||||
|Events and Exhibitions|||(360,266)|029,885)|(479,921)|
|Fgm end video resource|||(133,622)|(38,036)|(T71,667)|
|Courses, cleaeee end related||income|(14,205)|(6,187)|(I9,392)|
|Governance
costa|||(10,963)||(10,963)|
|Total expenditure|||(904,986)|||
|Net Inccmei (expenditure)|for|the veer|260,990|(107,893)|163,097|
|Total funda
brought
forward|||(430,180)|823,310|393,130|
|Transfer offunds|||(39,386)|39,386||
|Total funda
cerned forward||||||
##
##
##
||Redevelopment|Leasehold|Fixtures,|Fittings|Computer|Total|
|---|---|---|---|---|---|---|
||Coats|Improvements|6 Equipmsnt||||
||6|6|6||||
|Cost|||||||
|At I April 2021|2696,728|7,033|820,880||60,838|3,386,257|
|Additions||||749|429|1,178|
|Dleposels|||||||
|At 31 March 2022|2,898728|7,033|821,809||61,065|3,398,436|
|Depreciation|||||||
|AtlApril2021|1,989,803|6,883|676,743||59,168|2,88,415|
|Charge for the year|107,579|313||R,iie|984|89,991|
|EBmlnated
on disposal|||||||
|At 31 March 2022|2,077,182|8,196|587,858||80,170|2,731,408|
|Net Book Value|||||||
|At 31 March 2022|619,646|837||33,751|896|ij66,030|
|At 31 March 2021|||||||
##
|Tangible
Fixed Assets|—Group|~edevelopment|Leasehold|Fixtures,|Fittings|Computer|Total|
|---|---|---|---|---|---|---|---|
|||Costs|Improvements|6 Equipment||||
|||6||8||||
|Cost||||||||
|At I Apr1 I 2021||2,896,72tl|66,343|806,023||60,636|3,618,730|
|Addlnons|||13,4tl9||14,982|429|28,900|
|Dlspossls|||||(eee)||(888)|
|At 31 March 2022||2,696,72tl|68,832||820,117|61,066|3,846,742|
|Depreciation||||||||
|At I April 2021||I,ti69,803|12,084|723,604||59,186|2,764,377|
|Charge for the year||107,579|6,493||22,940|984|137,996|
|Egmlneted
on dleposels|||||(i33)||(133)|
|At 31 March 2022||2,077,192|18,577||746,38|60,170|2,902,240|
|Net Book Value||||||||
|At 31 March 2022||619,548|e0,2ee||73,806|896|744,503|
|At 31 March 2021||||||||
##
##
##
|Intenslble
plass Assets - Group end Charity|Webalte|Total|
|---|---|---|
|Coat|||
|At
1 Apnl 2021|12,000|12,000|
|Addltlons|||
|Dlspcs ~ls|||
|At 31 March 2022||12000|
|Depreclatlon|||
|At
1 Aprt 2021|3,000|B,DDD|
|Cherse for the year|3,000|3,000|
|Elrmlneted
on dlsposele|||
|At 31 March 2022|3,000|3,000|
|Net Book Value|||
|At 31 March 2022|3,000|3,000|
|At 31 March 2021|||
##
|17.Fixed Asset Investments||||
|---|---|---|---|
||Works of Art|Unlisted|Total|
|||Investments||
|Value||||
|AtlAprll2021|25,500|1,000|25,500|
|Disposal ~||||
|At 31March 2022||||
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##
##
|19.Debtors|||||||
|---|---|---|---|---|---|---|
||||Group||Charity||
|||2022||2021|2022|2021|
|||6||6|||
|Trade debtors||23,084||8,514|16,497|8,183|
|Other debtors||12,664||43,640|3,288|43,640|
|Prepeymenta|snd accrued income|10,961||4,832|10,344|2,996|
|Amounts
owed by group undertaking*|||||9,266||
|VAT||||5,535|||
##
##
|||||||Group||Chedty||
|---|---|---|---|---|---|---|---|---|---|
||||||2022||2021|2022|2021|
||||||6|||||
|Obligations|under hire||purchase|contracts|2239||15,828||11,136|
|Trade creditors|||||87,248||62,811|25,931|30,893|
|Othertexea|snd socislaecurlty|||costa|28,197||29,887|16,909|24,882|
|Other creditors|||||247,708||256,849|200,014|210,60|
|Accrual* and deferred|||Income||97,387||52443|66,89|40,843|
|Bank overdraft||end loans|||10,000||8,333|10,000|8,333|
|VAT|||||22,624|||||
||||||||||oora|
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
||||2022||2021|2022|2021|
||||8||||8|
|Obggetlons|under|hire purchase contracts|||2239|||
|Other Credkors|||||12382|||
|Bank Loans|over|1year|31,887||41,687|31,867|41,887|
||||31,667||58,288|31,887|41,667|
##
##
##
##
|Group|||||||
|---|---|---|---|---|---|---|
|||Totelfunda|Incoming|Resources|Transfers|Totalfunda|
|||et I Aprg 2021|resources|expanaed||et 31March 2022|
||||f.|6|||
|Unrestricted|funda||||||
|General funda||(208,680)|1,779,96|(1,647,640)||(77,004)|
|Restricted|funds||||||
|Capital Redevelopment
Other
Totalfunds||764,804
548,224|64,994
~10|(107,679)
(64994)
~(820,63||647,225|
##
|||Total funds|Total funds|Incoming|Resouroae|Transfers|Total funda|
|---|---|---|---|---|---|---|---|
|||et|I Aprg 2021|resources|axpansad||et 31March 2022|
|||||6|6||6|
|Unrestdcted|funda|||||||
|Generelfunds|||(217,286)|917,616|(773,979)||(73,628)|
|Restricted|funds|||||||
|Capital Redevelopment|||764,804||(107,579)||847,226|
|Other||||84,994|(64,994)|||
|Total funds|||||||573,6|
##
##
|Group||||||||
|---|---|---|---|---|---|---|---|
|||Total funda
et I Aprg 2020||Incoming
resources|Resources
expanead|Transfers
6|Total funda
et 31 March 2021|
||||6||6|||
|Unrestricted|funda|||||||
|General funda|||(430,180)|1,166,978|(904,988)|(39,388)|(208,680)|
|Restricted|funda|||||||
|Ceprtal Redevelopment|||797,957||(107,882)|64,739|764,804|
|Other|||26,353|64,994|(64,994)|(26,363)||
|Total funda|||||||546,224|
##
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##
##
|||Totelfunda|Totelfunda|Incoming|Resources|Transfers|Total funds|
|---|---|---|---|---|---|---|---|
|||et|I Aprg 2020|resouroee|expensed||at 31 March 2021|
||||||8||F|
|Unrestricted|funds|||||||
|General funds|||(272,251)|864,676|(770,198)|(39,388)|(177,874)|
|Restricted funds||||||||
|Capital Redevelopment|||797,957||(107,893)|64,739|690,064|
|Other|||26,363|64,994|(64,994)|(26,363)|25,363|
|Total funda||||||||
##
|||Tangible|Intangible|Investment|Net current||Long term|Long term|Total|
|---|---|---|---|---|---|---|---|---|---|
|||flxed assets|fixed assets|assets|assets/llsbgltles||llabgltlse|||
|||6|6|6|||6|||
|Unrestricted|funds|||||||||
|General funds|||3,000||(171,117)||(31,6671||(77,008)|
|Restricted funds||||||||||
|Capital redevelopment||621,727||25,500|||||647227|
|over||||||||||
|Total net assets|||||7|I|3|6tl7||
##
##
||Tangible|Intangible|Investment|Net current|Long term|Total|
|---|---|---|---|---|---|---|
||fixed assets|fixed assets|assets|sssete/gabgltlss|gab sit les||
||5|8|8||8||
|Unrestricted
funda|||||||
|General funds||||(76,2651|(31,66Tl|(746271|
|Aestrlcted funds
Capgel redevekgment
Other
Total net assets|621,727||26,666
e~I|||648,225|
##
|Non|can|cellable
operating
leases are as fo|llows.||
|---|---|---|---|---|
||||2022|2021|
|Less|thsnl|year|85,984|86,984|
|2-5|year||63,008
amer|138,992
~nlE|
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##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||||8|f|8|
|Iocctoa||||||||
|Donations||||15,083||R,143||
|Grants||||647,736||834,884||
|Pertormence||||177,184||58,202||
|Hire of PA end||technical||16,170||323||
|Gallery||||28,941||4,074||
|Marketing||||||620||
|Film||||46,272||2,068||
|Media centre||||39,911||(1,318)||
|Studio hrre||||41,862||2,026||
|Education
snd||access||9,066||6,280||
|Bar franchise|fee|||||||
|Theatre letting||and conferences||19,313||938||
|Boxoffice||||19,493||2,509||
|Sundry||||28||2||
|Membership||||46||45||
|Property
rental and maintenance||||23,530||8,872||
||||||982,610||929,569|
|Gallery||||35,598||10,262||
|Pertorrnence||||112,814||||
|Art salaries||||130,900||59,234||
|Media centra||||41,024||7,640||
|Media centre||salaries||76,808||68,390||
|Film costs||||42412||2,735||
|Education
end access||||7,008||5,376||
||||||(446,364)||(203,836)|
|Gross Pmfft|||||538,248||726,933|
|Administration||end marketing|salaries|226,100||228,542||
|Training,
travelling
end other staf costs||||2,644||330||
|Rent||||37,944||37,944||
|Service charge||||27,050||27,050||
|Premises
maintenance||||2,094||2,928||
|Marketing||||17,825||4,649||
|Printing, postage and stationery||||3,106||2,207||
|Telephone||||1,036||1,185||
|~ox office||||4,568||712||
|General insurance||||13,362||8,007||
|Subscrtptions||||2,421||1,117||
|Hospitality||||1,284||12||
|Sundries||||?„471||468||
|Equipment|hire end maintenance|||B,OBO||3,749||
|Professional|fees|||||1,702||
|Bank charges||and Interest||2,946||1,831||
|Overheads|carried fonverd|||353,900||325,433||
##
##
|Overheeds|broughtforwerd|353,900||326,433||
|---|---|---|---|---|---|
|Bed debts||9,268||266,985||
|Hire purchess
interest||9,376||4,967||
||||(372,64S)||(697,376)|
|operating|Profit
/ (Loss)||163,703||1211,568|
|Deprecletlon
Audit end eccountsncy costs|||(119,678)
(7,986)||(131,109)
(10,963)|
|Net Profit|7(Loss)||36,059|||