2021-03-31-accounts - Carousel Project

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			Page	Page
Report ofthe Trustees
		I	to	8
Report ofthe Independeat	Audltom	9	to	11
Statement ofFinancial Activities			12
Balance Sheet
			13
Cash Flow Statement			I4
Notes to thc Cash Flow Statement
Notes to the Fltnancial Statemeuts		16	to	26
Detailed Statement ofFinancial Activities		27	to	28

					2021	2020
			Unrestricted	Restricted	Total	Total
INCOME AND ENDOWMENTS	FROM	Notes	fund 8	funds f.	funds	funds
Donations and legacies		2	151,654	53,000	204,654	240,428
Chnritable activities
Clubs/Live Arts Film and Digital Music and Radio Sharing Our Skills Other			2,000 1,818 11,010	7,000 131,365 53,970 5,643	7,000 133,365 55,788 5,643 11,010	991 122,808 54,087 9,354 1,293
Investment income Other income			8 20 841		8 20 841
Total			187,331	250,978	438,309	428,961
EXPENDITURE ON
Raising funds			25,888		25,888	14,734
Charitable activities
Clubs/Live Arts Film and Digital Music and Radio Sharing Our Skills Other			57 2,000 72,615	51,783 118,816 72)855 19,069	51,783 118,873 74,855 19,069 72,615	60,512 179,311 104,023 33,207 50,082
Total			100,560	262,523	363,083	441,869
NET INCOME/(EXPENDITURE)			86,771	(11,545)	75,226	(12,908)
Transfers betiveen funds		18	~17564)	17564
Net movement in funds			69,207	6,019	75,226	(12,908)
RECONCILIATION OF FUNDS
Total funds brought forward			39,934	8,846	48,780	61,688
TOTAL FUNDS CARRIED FORWARD			109 141	~14 865	124 006	48 780

				2021	2020
		Umestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	f,	8
FIXEDASSETS
Tangible assets	13				223
CURRENT ASSETS
Stocks	14				613
Debtors	15	1,342		1,342	1,674
Cash at bank and in baud		119,069	14,865	1331934	85,601
		120,411	14,865	135,276	87,888
CREDITORS
Amounts falling due within one year	16	(11,270)		(11,270)	(39,331)
NET CURRENT ASSETS		109,141	14,865	124,006	48,557
TOTAL ASSETSLESSCURRENT
LIABILITIES		109,141	14,865	124,006	48,780
NET ASSETS		109,141	14,865	124,006	48,780
FUNDS	18
Unrestricted funds				109,141	39,934
Restricted funds				14,865	8,846
TOTAL FUNDS				124,006	48,780

			2021	2020
Cash flo&vs from operating	activities
Cash generated from operations			48,325	20,388
Net cash provided by operating activities			48,325	20,388
Cash flows from Investing	activities
Interest received
Net cash provided by investing activities
Change ln cash aud cash equlvaleuts		ln
the reporting period Cash and cash equivalents	atthe		48,333	20,388
beglnalng ofthe reporting	period		85,601	65,213
Cash and cash equlvaleuts	at the eud	of
the reporting period			133,934	85601

	RECONCILIATION OFNET INCOME/(EXPENDITURE)	RECONCILIATION OFNET INCOME/(EXPENDITURE)	TO NET CASH FLOW FROM
	OPERATING ACTIVITIES
			2021	2020
	Net income/(expeuditure) for the reporting	period (as per the
	Statement ofFinancial Activities)		75,226	(12,908)
	Adjushnents for:
	Depreciation charges		223	222
	Interest received		(8)
	Decrease in stocks		613
	Decrease in debtors		332	4,449
	(Decrease)/increase in creditors		(28,061)	28,625
	Net cash provided hy operations		48,325	20,388
2.	ANALYSIS OFCHANGES IN NET FUNDS

	At 1/4/20	Cash flow	At 31/3/21
	f,
Net cash
Cash at bank and in hand	85,601	48,333	133,934
	85,601	48,333	133,934
Total	85,601	48,333	133,934

DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
			2021	2020
Donations			3,532	12,690
Grants			201,122	227,738
			204,654	240,428
Gmnts received, included	in the	above, are as follows:
			2021	2020
Mm ALacy-Tate Tmst				750
The Nicholas Charitable	Trust			1,000
The Emmark Tmst				1,000
Arts Council England - National		Portfolio Organisation	201,122	197,488
Brighton and Hove City	Council			27,500
			201,122	227,738

			2021	2020
Deposit account interest			f.
			8
INCOME FROM CHARITABLE ACTIVITIES
Earned income		Activity Clubs/Live Arts	2021 f.	2020
Grants Earned income Grants Earned income Gnmts Earned income		Clubs/I. ive Arts Film and Digital Fihn and Digital Music and Radio Music and Radio Sharing Our Skills	7,000 12,350 121,015 1,978 53,810	991 2,969 119,839 7,319 46,768
Grants Eanted income Grants		Sltaring Our Skills Other Other	5,643 5,560 5,450	3,904 5,450 1,293
			212,806	188,533
Gmnts received, included	in the above, are as follows:
			2021	2020
SirJules Thorn Charitable RTRFoundation		Tmst	f. 1,400	1,000
The Lynn Foundation			5,920
Sussex Conununity Foundation Percy Bilton Charity			4,990	500
The BV MacAndrew Tmst				465
The Nicholas Charitable Trust				250
Ernest Klehtwori Charitable Souter Charitable Tntst The Fitton Trust		Trust	3,000 1,500	1,000 1,960 1,500
Youth Music				300
Rotary Club			26,980	2,990
Ian Askew Charitable Trust				350
Leathersellers' Company Charitabl Fund Roedean Mission Fund Barchesters Charitable Foundation The Boris Karloff Charitable Foundation			600 1,500	500 1,500
Friarsgate Tmst Marsh Christian Trust			750	750 750
Pride Social Impact Fund			400	350
The D'Oyly Carte Charitable Trust The Margaret Dobson Further Education Trust Heritage Lottety Fund			3,500 4,500	643
PRS Foundation				2,880
David Solomons Charitable		Trust		4,000
The Casey Trust			2,000	1,250
Carried fonvard
			57,740	22,938

							2021	2020
Brought forward							57,740	22,938
The Wates Foundation								5,000
Global Make Some	Noise						44,880	45,120
Rank Foundation								250
Childwick Trust								5,000
Douglas Arter Foundation								500
Edward Gostling Fouudation								1,000
The Brands Rothsclrild		Foundation						4,000
The RSBrownless	Charitable			Trust				200
Austin and Hope Pilkinton			Trust					1,000
Film Hub South East								684
Micm Gmnt Artistic	Development				Grunt			450
British Film Institute							77,800	85,915
Ashley Fauuly Foundation							4,993
Noel Coward Foundation							2,300
Chapuran Charitable	Trust						1,000
Alliance Family Foundation							250
Other Grants							3,955
							192,918	172,057
RAISING FUNDS
Raising donations	aud	legacies
							2021	2020
								I,
Fundraising costs							25,888	14,734
CHARITABLE ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 7)	note 8)	Totals
						8		f.
Clubs/Live Arts						51,783		51,783
Fihu and Digital						118,873		118,873
Music and Radio						74,855		74,855
Sharing Our Skills						19,069		19,069
Other						24,043	48,572	72,615
						288,623	48,572	337,195

7.	DIRECT COSTS	FCHARITABLE ACTIVITIES
			2021	2020
	Staffcosts
	Equipmentlure Rent		215,695 23,511	284,184 26,500
	Staff and volunteer exps Travel and accommodatiou		19,283 975	32,149 7,343	'
	Printing postage &stationery Resources &consuutables Insumnce		613 2,601 14,575	15,447 3,422 4,568
	Telephone &,internet		1,916	2,022
	Cleaning Bank charges Legalfees Miscellaneous exps Depreciation		1&459 3,863 101 3,808 223	1,440 1,983 689 13 5,189 222
			288,623	385,171
8.	SUPPORT COSTS
				Governance
				costs
	Other
				48,572
	Support costs, included	in the above, are as follows:
	Governance costs
			2021	2020
				Total
			Other	activities
	Auditors' remuneration Bookkeeping Management time		f. 4,800 4,654 39,118	6 4,200 3,562 34,202
			48,572	41,964

	2021	2020
Auditonp remuneration	4,800	4,200
Bookkeeping	4,654	3/62
Depreciation -owned assets	223	222
Operating lease rentals - Land and Buildiugs	22,296	22,298
Other operating leases		25,495

				2021	2020
Wages and salaries Social security costs Pension costs				178,764 12,291 ~5	201,390 14,610 ~5
				lSBH	22LlU
The avenge monthly	hcadcount	was 8(Full time equivalents	8).

COMPAR	ATIVES FORTBKSTATEMENT OF I'IN	ANCIAL ACTIVITIES
		Unrestllcted	Restricted	Total
		fund	funds	funds
INCOME	AND ENDOWMENTS FROM
Donations	and legacies	239,428	1,000	240,428
Charitable	activities
Clubs/Live Arts Film and Digital Music and Radio Sharing Our Skills Other		991 2,969 7,319 3,904 1,293	119,839 46,768 5,450	991 122,808 54,087 9,354 1,293
Total		255,904	173,057	428,961

12.	COMPARATIVKS	FORTIIESTATEMENT OF FINANCIAL ACTIVITIES -continued	FORTIIESTATEMENT OF FINANCIAL ACTIVITIES -continued	FORTIIESTATEMENT OF FINANCIAL ACTIVITIES -continued	FORTIIESTATEMENT OF FINANCIAL ACTIVITIES -continued
				Unrestricted	Restricted	Total
				fund f	funds f	funds
	EXPENDITURE ON
	Raising thnds			2,524	12,210	14,734
	Charitable activities
	Clubs/Live Arts Fihn and Digital Music and Radio Sharing Our Skills Other			40,930 67,240 52,625 29,238 50,082	19,582 112,071 51,398 3,969	60)512 179,311 104,023 33,207 50,082
	Total			242,639	199,230	441,869
	NET INCOME/(EXPENDITURE)			13,265	(26,173)	(12,908)
	Transfers betsveeu funds			(24,000)	24,000
	Net movement In funds			(10,735)	(2,173)	(12,908)
	RECONCILIATION		OF FUNDS
	Total funds brought	foiuvard		50,669	11,019	61,688
	TOTAL FUNDS CARRILrD FORWARD			39,934	8,846	48,780
13.	TANGIBLE FIXED	ASSETS
				Office	Computer
				equipment	equipment	Totals
						f
	COST
	At 1 April 2020 and 31		March 2021	13,982	20,507	34,489
	DEPRECIATION
	At 1 April 2020			13,759	20,507	34,266
	Charge for year			223		223
	At 31March 2021			13,982	20,507	34,489
	NET BOOK VALUE
	At 31March 2021
	At 31 March 2020			223		223

14.	STOCKS
					2021	2020
	Stocks					613
15.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2021	2020
					f.
	Trade debtom					684
	Other debtom				322	390
	Pmpayments				1,020	600
					1,342	1,674
16.	CREDITORS'. AMOUNTS FALLING DUE		WITHIN	ONE YEAR
					2021	2020
	Trade creditors				2,225	9,785
	Social security and other	taxes			3,946	4,231
	Other creditots				299	3,495
	Accruals and defen'ed income				4,800	2,370
	Fuuding in advance					19,450
					11,270	39,331
17.	LEASING AGREEMENTS
	Minhnum lease payments	under non-cancellable	operatiug	leases fall due as follows:
					2021	2020
	Within one year				22,296	22,298

MOVEMENT IN FUNDS
			Net	Transfels
			nlovcnlcnt	between	At
Unrestricted funds	At	I/4/20	in fimds f.	fundsf	31/3/21
General fund	39,934		86,771	(17,564)	109,141
Restricted funds
Clubs/Live Arts Film and Digital Music and Radio Sharing Our Skills		1,978 2,315 2,692 1,861	(8,783) 12,550 (11,886) (3,426)	6,805 9,194 1,565	14,865
	8,846		(11,545)	17,564	14,865
TOTAL FUNDS	48,780		75,226		124,006
Net movement hl funds, iucluded	ul the above are as follows:
			Incoming	Resources	Movement
			1'csoul'ccs	expended	1'n funlls
			f.
Unrestricted funds
Geoeral fund			187,331	(100,560)	86,771
Resttdcted lhnds
Clubs/Live Arts Film and Digital Music and Radio Sharing Our Skills			43,000 131,365 60,970 15,643	(51,783) (118,815) (72,856) (19,069)	(8,783) 12,550 (11,886) (3,426)
			250,978	(262,523)	(11,545)
TOTAI, FUNDS			438,309	(363,083)	75,226

Comparatives for moveluent in fun	ds
		Net	Transfers
		nlovenlent	between	At
	At 1/4/19	in funds	funds	31/3/20
			6	6
Unrestricted funds Geneml fund	50,669	13,265	(24,000)	39,934
Restricted funds
Clubs/Live Arts Film and Digital Music and Radio	2,153 8,385	(22,022) 162 (5,693)	24,000	1,978 2,315 2,692
Sharing Our Skills	481	1,380		1,861
	11,019	(26,173)	24,000	8,846
TOTAL FUNDS	61,688	(12,908)		48,780

Compmutive net movement in funds, included	in the above are as follolvs:
	Illconl lug	Resources	Movement
	resources	expended	in funds
	f.	f.
Unrestricted fluids
General fund	"55,904	(242,639)	13,265
Restricted funds
Clubs/Live Arts	1	(22,023)	(22,022)
Film and Digital	120,839	(120,677)	162
Music and Radio	46,768	(52,461)	(5,693)
Sharing Our Skills	5,449	(4,069)	1,380
	173,057	(199,230)	(26,173)
TOTAL FUNDS	428,961	(441,869)	(12,908)

	2021	2020
INCOME AND ENDOWMENTS
Donatious sud legacies Donations Grants	3,532 201,122	12,690 227,738
	204,654	240,428
Investment lncoiue
Deposit account interest
Charitable activities Earned income Grants	19,888 192,918	16,476 172,057
	212,806	188,533
Other income
Furlough grant	20,841
Total inconiiug resources	438,309	428,961
EXPENDITURE
Raising donations and legacies Fundraising costs	25,888	14,734
Charitable activities
Staffcosts	215,695	284,184
Equipment hire Rollt	23,511 19,283	26,500 32,149
Staffand volunteer exps Tmvel and accommodation	975 613	7,343 15,447
Printing postage &stationery Resources &consumables	2,601 14,575	3,422 4,568
Insunuice	1,916	2,022
Telephone &internet Cleaning Bank charges Legal fees Miscellaneous exps	1,459 3,863 101 3,808	1,440 1,983 689 13 5,189
Depreciation fixtures &fittings	223	222
	288,623	385,171

		2021	2020
Support costs			f.
Governance	costs
Auditors' mmuneration
13ookkeeping Management	time	4,800 4,654	4,200 3,562
		39,118	34,202
		48,572	41,964
Total resources	expended
		363,083	441,869
Net Incomej(expenditure)
		75,226	(12,908)