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|---|---|---|
|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|
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|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)|
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||||||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|
##
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##
||||||||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||
##
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##
|||||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|
##
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##
|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)|
##
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##
##