2021-03-31-accounts

	Page
Report ofthe Trustees
Report ofthe Independent Auditors		13
Statement of Financial Activities
Balance Sheet		18
Cash Flow Statement		19
Notes to the Cash Flow Statement		20
Notes to the Financial Statements		21

FOR THE YEAR ENDED 31MAR	CH 2021
		Notes				2021	2020
				Unrestricted	Restricted
				funds	Funds	Total Funds	Total Funds
				6	f	f	6
INCOME AND ENDOWMENTS	FROM
Donations, legacies and grants			2	424,325	127,795	552,120	340,776
Charitable activities
Performance activities				41,525		41,525	336,732
Other trading activities				5,540		5,540	6,586
Other income				576		576	2,873
Total				471,966	127,795	599,761	686,967
EXPENDITURE ON
Raising funds				(3,950)	(1,637)	(5,587)	(3,406)
Charitable activities
Performance activities				(247,045)	(84,683)	(331,728)	(702,383)
Total				(250,995)	(86,320)	(337,315)	(705,789)
NET (EXPENDITURE)/INCOME				220,971	41,475	262,446	(18,822)
Transfers between funds			18	1,998	(1,998)
NET MOVEMENT IN FUNDS				222,969	39,477	262,446	(18,822)
RECONISUATION OF FUNDS
Total funds brought forward				90,167	47,832	137,999	156,821
TOTAL FUNDS CARRIED FORWARD				313,136	87,309	400,445	137,999
CONllNUING OPERATIONS

				31	31
				MARCH	MARCH
				2021	2020
				E	E
		Notes
FIXEDASSETS
Tangible Assets			13	60,096	63,965
Investments			14	25,100	100
				85,196	64,065
CURRENTA5SETS
Debtors			15	54,613	32,766
Cash at Bank				321,141	119,736
				375,754	152,502
CREDITORS
Amounts falling due within one year			16	(60,505)	(78,568)
NET CURRENT ASSETS				315,249	73,934
TOTAL ASSETS LESSCURRENT LIABILITIES				400,445	137,999
NET ASSETS				400,445	137,999
FUNDS
Unrestricted funds:
Undesignated				2,893	3,946
Designated				310,243	86,221
Restricted funds				87,309	47,832
SHAREHOLDERS'	FUNDS			400,445	137,999

CASH FLOW STATEMENT	FOR THE YE	AR	END	ED 31	MARC	H 2021
						31	31
						MARCH	MARCH
						2021	2020
						6	6
			Notes
Cash flows from operating	activities:
Cash generated from operations						247,967	(14,010)
Net cash provided by (used In) operating			activities			247,967	(14,010)
Cash flows from investing	activities
Purchase oftangible fixed	assets				13	(21,570)	(40,638)
Purchase of Investments					14	(25,000)
Interest received						8
Net cash provided by (used in) investing			activities			(46,562)	(40,638)
Change in cash and cash equivalents		in the
reporting period						201,405	(54,648)
Cash and cash equivalents	at the beginning			ofthe
reporting period						119,736	174,384
Cash and cash equivalents	at the end	of	the
reporting period						321,141	119,736

			2021	2020
Net income (expenditure) for		the reporting
period (as per the	statement	offinancial
activities)			262,446	(18,822)
Adjusments for.
Depreciation charges			25,168	21,819
Interest received			(8)
Loss/(profit) on disposal offixed assets			271
(Increase)/decrease	in stocks
(Increase)/Decrease	in debtors		(21,847)	(9,660)
Increase/(Decrease)	in creditors		(18,063)	(7,347)
Net cash provided	by (used In) operating
activities			247,967	)14,010)

					2021	2020
	Donations				18,964	14,306
	Grants				533,156	326,470
						360.»
	Grants received, included		in the above, are as follows:
					2021	2020
	Hampshire County Council		Core Funding		86,000	95,000
	Havant Borough Council	Core Funding			28,950	28,950
	Arts Council England - Here and Now				5,000	5,400
	NPO Core Funding				122,208	120,000
	Hampshire County Council		—Project Funding		3,200	3,500
	Havant Borough Council	-	Project Funding		32,914	5,075
	Garfield Weston —Experiential			Curation	20,000
	NPO Emergency Funding				42,900
	Culture Recovery Fund				94,000
	Havant Borough Council	—Covid 19Funding			28,928
	Hampshire County Council		- Covid 19Funding		2,000
	Coronavirus Job Retention		Scheme		66,681
	Pfizer (Forget-me-not Cinema)				375	330
	Capital Works					23,537
	Charlotte Bonham-Carter		Fund			2,000
	Heritage Lottery Fund - Kenwood					27,950
	HCC - Anne Briggs					1,708
	Doyle Carte Foundation					3,000
	Dischma Charitable Trust					2,000
	Watershed Arts					1,700
	Heritage Lottery Fund - HAWFC				33,	6,320 0
3	OTHER TRADING ACTIVIES
					2021	2020
	Fundralsing events				483	1,384
	Membership fees				5,057	5,202
						6, 36

							2021	2020
	Lettlngs income						32,495	60,408
	Professional	programme			(including	Visual Arts)	6,145	183,623
	Participation		programme				2,534	31,957
	Boxoffic service						351	60,744
							9	336,732
5	RAISING FUNDS
	Raising donations			and legacies
							2021	2020
	Staff costs						4,546	3,301
	Fundraising	costs					1,042	105
							5,587	3.4
6	CHARITABLE		ACTIVITIES COSTS
							2021	2020
	Performance		activities
	Direct costs						184,988	496,375
	Support costs (see			note	7)		146,738	206,008
							1,»6	702,383
7	SUPPORT COSTS
							2021	2020
	Performance		activities
	Management						139,282	196,426
	Governance	costs					7,457	9,582
							4 .7	206,0 8
	Support costs, included				in the above, are as follows,
							2021	2020
	Management
	Wages						27,852	48,714
	Social security						5,097	8,809
	Pensions						2,933	3,952
	Insurance and		licenses				6,868	6,188
	Utilities and	maintenance					39,210	52,356
	Administration,		postage		and ITcosts		43,096	57,321
	Sundry						898	2,713
	Technical						5,037	11,861
	Depreciation		oftangible		and heritage assets		8,291 139,282	4,512 9, 2
							2021	2020
	Governance	costs
	Wages						6,061	6,602
	Auditors' remuneration						1,396	2,980
							7,457

			2021	2020
Auditors'	remuneration	—current year fee	2,500	2,980
Auditors'	remuneration	- prior year fee	(1,224)
Auditors'	remuneration	-other services	120
Depreciation -owned assets			25,168	21,819
Loss on	disposal offixed assets		1

				2021	2020
Wages and	salaries			169,382	168,676
Social security costs				5,097	8,809
Other pension costs				2,933	3,952
				12	181,437
The average	monthly	number	of employees	during the year was as follows.'
				2021	2020
Arts Centre	staff			2

		Unrestricted	Restricted
		funds	funds	Total funds
INCOME AND ENDOWMENTS	FROM
Donations and legacies		258,256	82,520	340,776
Charitable activities
Performance activities		334,009	2,723	336,732
Other trading activities		6,586		6,586
Investment income
Other income		2,873		2,873
Total		601,724	85,243	686,967
EXPENDITURE ON
Raising funds		(3,406)		(3,406)
Charitable activities
Performance activities		(623,883)	(78,500)	(702,383)
Total		(627,289)	(78,500)	(705,789)
NET INCOME/(EXPENDITURE)		(25,565)	6,743	(18,822)
Transfer between funds		1,700	(1,700)
Net movement in funds		(23,865)	5,043	18,822)
RECONCIUATION OF FUNDS
Total funds brought forward		114,028	42,793	156,821
TOTAL FUNDS CARRIED FORWARD		90,163	47,836	137,999

		Fixtures &
		Fittings
COST
At 1April 2020		105,986
Additions		21,570
Dlsposals		(5,499)
At 31March 2021		1 2,0
DEPRECIAllON
At 1April 2020		(42,021)
Charge for the year		(25,168)
Eliminated on disposal		5,228
At 31March 2021		(61. 6'(
NET BOOK VALUE
At 1April 2020		63,965
At 31March 2021.		, 66
FIXEDASSET INVESTMENTS
MARKET VALUE
At 1April 2020		100
Additions		25,000
At 31March 2021		0
NET BOOK VALUE
At 1April 2020
At 31 March 2021		,100
There were no investment	assets outside the UK.

		yt
Class ofshare:		holding
Ordinary	shares issued at 61	100
			2021	2020
Aggregate	capital and reserves		28,277	4,306
(Loss)/profit for the year			(1,029)	3,624

					2021	2020
	Trade debtors				1,974	6,478
	Amounts due	from subsidiary		undertaking		3,600
	Prepayments	and accrued income			52,639	22,688
						32,766
16	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
	Trade creditors				(4,632)	(18,559)
	Social security	and other	taxes		(2,951)	(3,044)
	Other creditors and accruals Deferred Income				(22,677) (30,245)	(23,357) ~33,608)
					)60.505)	)78,588)

					2021	2020
	Brought	forward			(33,608)	(60,247)
	Amount	released	to incoming	resources	33,608	60,247
	Amount	deferred	In year		(30,245)	(33,608)
	Carried	forward			30,245)	(33,608
17	ANALYSIS OF NET		ASSETS BETWEEN FUNDS

				2021	2020
		Unrestricted	Restricted
		funds	funds	Totalfunds	Total funds
Fixed assets		28,342	31,754	60,096	63,965
Investments		25,100		25,100	100
Current	assets	320,199	55 555	375,754	152,502
Current	liabilities	(60,505)		(60,505)	(78,568)
		313,136	87,309	400,445	137,999

					Net	Transfers
				At 1April	movement in	between	At 31March
				2020	funds	funds	2021
Unrestricted funds
General Fund				3,946	209,749	(210,802)	2,893
Emergency Fund				36,788			36,788
Infrastructure - Building				6,246	(431)		5,815
Piano Fund				6,656	(2,663)		3,993
Classical Music Development				405			405
Patrons' Fund				680	2,375		3,055
Shutdown Donation	Fund			3,224	15,741		18,965
Heritage Development				2,862	(300)		2,562
NPO Delivery				29,360		167,500	196,860
Play Artist In Residence					(3,500)	45,300	41,800
				90,167	220,971	1,998	313,136
Restricted funds
Project Funding				5,000	1,200		6,200
D'Oyly Carte				3,000			3,000
Dischma Charitable	Trust			2,000		(2,000)
Get Up and Go				978	409		1,387
Family Festival					2,000		2,000
Memory Cafd				1,500			1,500
HBC - Youth Conference				(1)
Capital Works				30,930	(11,758)		19,172
Cycle Project				2,400	(400)		2,000
Scalextric				2,143	(2,026)	(117)
Experiential Curation				(117)	20,000	117	20,000
Havant Football Club				(1)		1
Coronavirus Job Retention		Scheme
CIL Energy Efficient	Improvement		Works		32 050		32 050
				47,832	41475	1,998)	87,309
TOTALFUNDS				137,999	262,446		400,445

Net movement In fu	nds, Included	in the above, are as	follows:
			Incoming	Resources	Movement In
			resources	expended	funds
Unrestricted funds
GeneralFund			453,850	(244,101)	209,749
Emergency Fund
Infrastructure - Building				(431)	(431)
Piano Fund				(2,663)	(2,663)
Classical Music Development
Patrons' Fund			2,375		2,375
Shutdown Donation	Fund		15,741		15,741
Heritage Development				(300)	(300)
NPO Delivery
Play Artist in Residence				3 500	3,500)
			471,966	250,995)	220,971
Restricted funds
Project Funding			1,200		1,200
D'Oyly Carte
Dischma Charitable	Trust
Get Up and Go			864	(455)	409
Family Festival			2,000		2,000
Memory Cafd
HBC —Youth Conference
Capital Works				(11,758)	(11,758)
Cycle Project			5,000	(5,400)	(400)
Scalextric				(2,026)	(2,026)
Experiential Curation			20,000		20,000
Havant Football Club
Coronavirus Job Retention Scheme			66,681	(66,681)
CIL Energy Efficient Improvement		Works	32,050		32,050
			127,795	86,320	41,475
TOTALFUNDS			599,761	337,315	262,446

Comparativee	for	movement in funda
				Net	Transfers
			At1April	movement in	between	At 31March
			2019	funds	funds	2020
Unrestricted funds
General Fund			2,240		1,700	3,946
Emergency Fund			36,788			36,788
Infrastructure	- Building		7,662	(1,416)		6,246
Piano Fund			9,498	(2,842)		6,656
Classical Music	Development		330	75		405
Patrons' Fund				680		680
Shutdown Donation		Fund		3,224		3,224
Heritage Development			5,000	(2,138)		2,862
Individual Giving			150	(150)
Brand Refresh			23,000	(23,000)
NPO Delivery			29 360			29 360
			114,028	(25,561)	1,700	90,167
Restricted funds
Fgm Festival				1,700	(1,700)
Project Funding				5,000		5,000
D'Oyly Carte				3,000		3,000
Dischma Charitable		Trust		2,000		2,000
Get Up and Go				978		978
Family Festival
Memory Cafd				1,500		1,500
HBC - youth Conference			149	(150)		(1)
Kenwood			10,872	(10,872)
Capital Works			19,746	11,184		30,930
Cycle Project				2,400		2,400
Scalextrlc			4,054	(1,911)		2,143
Experiential Curatlon			11,591	(11,708)		(117)
Forget Me Not	Films
Havant Football Club			(3,619)	3618
			42,793	6,739	(1,700)	47,832
TOTALFUNDS			156,821	(18,822)		137,999

			Incoming	Resources	Movement in
			resources	expended	funds
Unrestricted funds
General Fund			596,354	(596,348)
Emergency Fund
Infrastructure	- Building			(1,416)	(1,416)
Piano Fund				(2,842)	(2,842)
Classical Music	Development		250	(175)	75
Patrons' Fund			1,900	(1,220)	680
Shutdown Donation		Fund	3,224		3,224
Heritage Development				(2,138)	(2,138)
Individual Giving				(150)	(150)
Brand Refresh				(23,000)	23,000
			601,728	(627,289)	(25,561)
Restricted funds
Film Festival			1,700		1,700
Project Funding			5,000		5,000
D'Oyly Carte			3,000		3,000
Dischma Charitable		Trust	2,000		2,000
Get Up and Go			5,178	(4,200)	978
Family Festival			1,500	(1,500)
Memory Cafd			1,500		1,500
HBC - Youth Conference				(150)	(150)
Kenwood			27,950	(38,822)	(10,872)
Capital Works			23,537	(12,353)	11,184
Cycle Project			5,400	(3,000)	2,400
Scalextrlc			118	(2,029)	(1,911)
Experiential Curation				(11,708)	(11,708)
Forget Me Not	Films		330	(330)
Havant Football Club			6,322	(2,700)	3,622
Ubrary Tour			1,708	(1,708)
			85,243	(78,500)	6,743
TOTALFUNDS			686,971	(705,789)	(18,818)