2022-03-31-accounts - The Spring Arts And Heritage Centre

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	Page
Report ofthe Trustees
Report ofthe independent Auditors		15
Statement of Financial Activities		19
Balance Sheet		20
Cash Flow Statement		21
Notes tothe Cash Flow Statement
Notes tothe Financial Statements		23

FOR THE YEAR ENDED 31MAR	CH 2022
		Notes				2022	2021
				Unrestricted	Restricted
				funds	Funds	Total Funds	Total Funds
				f	E	f	6
INCOME AND ENDOWMENTS	FROM
Donations. ,legacies and grants			2	369,934	33.646	403,580	552,120
charitable activities
Performance activities				191.640		191,640	41,525
Other trading activities				6,021		6,021	5,540
Other income				8,060		8.060	576
Total				575,655	33,646	609,301	599,761
EXPENDITURE ON
Raising funds				(9,842)	(392)	(10,234)	(5,587)
Charitable activities
Performance activities				(498,846)	(61,368i	(560,214)	(331,/28)
Total				(508,688)	i61,760)	(570,448)	(337,315)
NET (EXPENDITURE)/INCOME				66,967	(28,114)	38,853	262,446
Transfers between funds				20,000	(20,000)
NET MOVEMENT IN FUNDS
RECOlllCIUATION OF FUNDS
Total funds brought forward				313,136	87,309	400,445	137,999
TOTAL FUNDS CARRIED FORWARD				400,103	39,195	439,298	400,445

BAlANCE SHEET	AT31MARCH 2022
				31	31
				SIIARCH	MARCH
				2022	2021
				f	6
		Notes
FIXEDASSETS
Tangible Assets			13	70,456	60,096
Investments			14	25,100	25.100
				95,556	S5,196
CURRENTASSETS
Debtors			15	26,428	54,613
Cash at Bank				386,199	321,141
				412,627	375,754
CREDITORS
Amounts falling due within one year			16	(68,885)	(60,505)
NET CURRENT ASSETS				343,742	315,249
TOIAL ASSETS LESSCURRENT LIABILITIES				439,298	400,445
NET ASSETS				439,298	400,445
FUNDS
Unrestricted funds:
Undesignated				79,187	2,893
Designated				320,916	310,243
Restricted funds				39,195	S7,309
SHAREHOLDERS'	FUNDS			439,298	400,445

							31	31
							IVIARCH	MARCH
							2022	2021
							6	E
					Notes
Cash Rows from operating	activities:
Cash gerierated from operations						1	109,400	247,967
Net cash pravlded by (used in) operating			activities				109,400	247,967
Cash flows from investing	activities
Proceeds from the sale of	plant and equipinent						355
Purchase oftangible fixed	assets					13	(44,708)	(21,570i
Purchase ofinvestments						14		(25,000)
Interest received
Net cash provided by (used in) invesHng			activities				(44,342)	(46,562)
Change in cash and cash equivalents		In the		reporting		period	65,058	201,405
Cash and cash equivalents	at the beginning			ofthe	reporting
period							321,141	119,736
Cash and cash equivalents	at the end	of	the	reporting		period	386,199	321,141

			2022	2021
Net Income (expenditure) for		the reporting
period (as per the	statement	ofRnancial
activities)			38,853	262,446
Ad)usments for:
Depreciation charges			33,996	23,168
Interest recewed			(11)	(8)
Loss/(profit) on disposal offixed assets			(3)	271
(Increase)/decrease	in stocks
(Increase)/Decrease	in debtors		28,185	(21,847)
Increase/(Decrease)	in creditors		8,380	(18,063)
Net cash provided	by (used in) operating
activities			109,400	247,967

2	DONATION, LEGACIES AND G	RANTS
			2022	2021
	Donations		11,121	18,964
	Grants		392,459	533,156
			403,580	552,120
	Grants received, included in the above, are as follows:
			2022	2021
	Hampshire County Council Core Funding		75,000	86,000
	Havant Borough Council Core	Funding	28,950	28,950
	Arts Council England —Here and Now			5,000
	NPD Core Funding		122,208	122,208
	Hampshire County Council - Project Funding		3,500	3,200
	Havant Borough Council - Project Funding		10,264	32,914
	Garfield VVeston - Experiential	Curation		20,000
	NPO Emergency Funding			42,900
	Culture Recovery Fund		93,300	94,000
	Havant Borough Council - Covid 19Funding		43,800	28,928
	Hampshire County Couricil - Covid 19Funding			2,000
	Coronavirus job Retention Scheme		13,437	66,681
	Pfizer (Forget-me-not Cinema)			375
	Here & Now Project		2,000
			392,459	533,156
3	OTHER TRADING ACTIVITIES
			2022	2021
	Fund raising events		708	483
	Membership fees		5,313	5,057
			6.021	5,540
4	INCOME FROIi/I CHARITABLE ACTIVITIES
			2022	2021
	Lettings income		52,642	32,495
	Profexsional programme (including Visual Arts)		89,928	6,145
	Participation programme		26,952	2,534
	Boxoffice service		22,118	351
			191,640	41,525

	Raising donations	Raising donations	Raising donations	and legacies	and legacies	and legacies
							2022	2021
	Staff costs						5,050	4,546
	Fund raising costs						5,184	1,042 5,588
6	CHARITABLE	ACTIVITIES			COSTS
							2022	2021
	Performance	activities
	Dirert costs						374,855	184,988
	Support costs		(see	note	7)		185,359	146,738
							560,214	331,726
7	SUPPORT COSTS
							2022	2021
	Performance	activities
	Management						175,745	139,282
	Governance	costs					9,614	7,457
								146,739
	Support costs, in duded				in the	above, are asfollows;
							2022	2I721
	Management
	Wages						44,719	27,852
	Social security						8.614	5,097
	Pensions						2,748	2.933
	Insurance and		licenses				5,252	6,868
	UtGties and	maintenanCe					42,410	39,Z10
	Administration,		pe&age		and	ITcosts	44,774	43;096
	Sundry						3,435	898
	Technical						11,827	5,037
	Depreciation		oftangible		and	heritage assets	1.1,956	8,291
							175,745	139,282
							2022	2021
	Governance	costs
	Wages						6,734	6.061
	Auditors' remuneration						2,880	1,396
							9,614	7,457

			2022	2021
Auditors'	remuneration	-current year fee	2,880	2,500
Auditors'	remuneration	- prior year fee		(1,224)
Auditors'	remuneration	-other services		120
Depreciation -owned		assets	33,996	25,168
Surplus	on disposal of	fixed assets	(3)	271

STAFF	COSTS
		2022	2021
Wages	and salaries	187,287	169,382
Social	security costs	8,624	5,097
Other	pensian costs	2,748	2,933
		198,659	177,412

			2022	2021
Arts	Centre	staff	15	15

		Unrestricted	Restricted	Total funds
		funds	funds
INCOME ANO ENDOWMENTS	FROM
Donations and legacies		424,325	127,795	552,120
Charitable activities
Performance activities		41,525		41,525
Other trading activiues		5,540		5,540
Otherincome		576		576
Total		471,966	127,795	599,761
EXPENDITURE DN
Raising funds		(3,950)	(1,637)	(5,587)
Charitable activities
Performance activities		(247,045)	(84,683)	(331,728)
Total		(250,995)	(86,320)	(337,315)
NET INCOME/(EXPENDITURE)		220,971	41,475	262,446
Transfer between funds		1,998	(1,998)
hist movement in funds		222,969	39,477	262,446
RECONCILIATION OF FUNDS
Total funds brought forward		90,167	47,832	137,999
TOTAL FUNDS CARRIED FORWARD		313,136	87,309	400,445

13	TANGIBLE FIXEDASSETS
		Fixtures 8
		Fittings
	COST
	At 1April 2021	122,057
	Additions	44,708
	Disposals	(1.029)
	At 31March 2022	165,736
	DEPRECIAllON
	At 1April 2021	(61,961)
	Charge for the year	(33,996)
	Eliminated on disposal	677
	At 31March 2022	(95,280)
	PIET BOOK VALUE
	At 1April 2021	60,096
	At 31March 2022	70,456
14	FIXED ASSETINVESTMENTS
	MARKET VALUE
	At 1 April 2021	25,100
	At31March 2022	25,100
	NET BOOK VALUE
	At 1April 2021	25,100
	At31March 2022	25,100

Class ofshare:	holding
Ordinary shares issued at E1	100
		2022	2021
Aggregate capital and reserves		34,119	2$,277
(Loss)/profit for the year		10,396	(1,029)

15	DEBTORS: AMOU)YTS FALLING	DEBTORS: AMOU)YTS FALLING	DEBTORS: AMOU)YTS FALLING	DUE WITHIN ONE YEAR
					2022	2021
	Trade debtors				2,428	1,974
	Amounts due from	subsidiary		undertaking	4,012
	Prepayrnents and	accrued income			19,987	52,639
						54,613
16	CREDITORS: AMOIJNTS		FALLING DUE WITKIN ONE YCAR
					2022	2021
	Trade creditors				(7,747)	(4,632)
	Socialsecurity and	other	taxes			(2,951)
	Othercreditorsand	accruals			(27,877)	(22,677)
	Deferred income				(33,261)	(30,245)
					(68,885)

					2022	2021
	Brought	forward			(30,245)	(33,608)
	Amount	released	to incoming	resources	30,245	33.608
	Amount	deferred	in year		(33,261)	(30,245)
	Carried	forward			(33,261)	(30,245
17	ANALYSIS OF NET		ASSETS BETWEEN FUNDS

				2022	2021
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
Fixed assets		39,969	30,486	70,456	60,096
Investments		25,100		25,100	25,100
Current	assets	403,918	8,709	412,627	375,754
Current	liabilities	(68,885)		(68,8S5)	(60,505)
		400,102	39,195	439,298	400,445

				At 1April	Net	Transfers	At 31March
				2021	movement in	between	2022
					funds	funds
Unrestricted fun ds
General Fund				2,893	96,294	(20,000)	79,187
Emergency Fund				36,788			36,788
Infrastructure —Building				5,815	(761)	16,000	21,054
Piano Fund				3,993	(2,663)		1,330
Classical Music Development				405			405
Patrons' Fund				3,055			3,495
Shutdown Donation	Fund			18,965		(18,965)
Heritage Development				2,562			2,562
NPO Delivery				196,860			196,860
Play Artist in Residence				41,800	(26,05S)	40,000	55,742
The Art S.pace					(285)	2,965	2,680
				313,136	66,967	20,000	400,103
Restricted funds
project Funding				6,200	(6,200)
D'Oyly Carte				3,000	(3,000)
Get Up and Go				1,387	(1,387)
Family FeStival				2,000			2,000
Dementia Friendly Activities				1.500	1,709		3,209
Capital Works				19,172	(11,758)		7,414
Here &Now Project				2,000	(2,000)
Expediential Curation				20,000		(20,000)
Havant Football Club
Coronavirus Job Retention		Scheme
CIL Energy Efficient Improvement			Works	32,050	(8,978)		23,072
Jubilee 2022					3,500		3,500
The Art Space
				87,309	(28,114)	(20,000)	39,195
TDTALFUNDS				400,445	38,853		439,298

Net movement	in funds, included	in funds, included	in funds, included	in the above, are as fogowsi
					Incoming	Resources	Movement in
					resources	expended	funds
Unrestricted funds
General Fund					574,105	(477,811)	96,294
Emergency Fund
Infrastructure -	Building					(761)	(761)
Piano Fund						(2,663)	(2,663)
Classlral Music	Development
Patrons' Fund					1,550	(1,110)	440
Shutdown Donation		Fund
Heritage Development
NPO Delivery
Play Artist in Residence						(26,058)	(26 058)
The Art Space						(285)	(285)
					575,655	(508,688)	66,967
Restricted funds
Projed Funding					8,000	(14,200)	(6,200)
D'Oyly Carte						(3,000)	(3,000)
Get Up and Go					2,264	(3,651)	(1,387)
Family FeGiva I
Dementia Friendly Activities					2,815	(1,106)	1,709
Capital Works						(11,758)	(11,758)
Here & Now Project					2,000	(4,000)	(2,000)
Experiential Curation
Havant Football	Club
Coronavirus Job Retention			Scheme		13,437	(13,437)
CILEnergy Effident Improvement				Works		(8,978)	(8,978)
Jubilee 2022					3,500		3,500
The ArtSpace					1,630	(1,630)
					33,646	(61,760)	(28,114)
TOTALFUNDS					609,301	(570,448)	38,853

Cornparatives for movement	Cornparatives for movement	Cornparatives for movement	funds
				At 1April	Net	Transfers	At 31March
				2020	movement in	between	2021
					funds	funds
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
Dischrna Charitable	Trust			2,000		(2,000)
Get Up and Go				978	409		1,387
Family Festival					2,000		2,000
Dementia Friendly Activities				1,500			1,500
HBC - Youth Conference				(1)
Capital Works				30,930	ll11,758)		19,172
Here gr Now Project				2,400	(400)		2,000
Scalextdic				2,143	(2,026)	(117)
Experiential Curation				(117)	20,000	117	20,000
Havant Football Club				(1)		1
Coronavirus iob Retention		Scheme
CILEnergy Efficient	Improvement		Works		32,050		32,050
				47,832	41,475	(1,998)	87,309
TOTALFUNDS				137,999	262,446		400,445

				Incoming	Resources	Movement in
				resources	expended	funds
Unrestricted funds
General Fund				453,850	(244,101)	209,749
Emergency Fund
Infrastructure -8uilding					(431)	(431)
Piano Fund					(2,663)	(2,663)
Classical lvlusic Development
Patrons' Fund				2,375		2,375
Shutdown Donation	Fund			15,741		15,741
Heritage Development					(300)	(300)
NPO Delivery
Play Artist in Residence					(3,5001	(3,500)
				471,966	(250,995)	220,971
Restricted funds
Project Funding				1,200		1,200
D'Oyly Carte
Dischms Charitable	Trust
Get Up and Go				864	(455)	409
Family Festival				2,000		2,000
Dementia Friendly Activitiet
HSC - Youth Conference
Capital Works					(11,758)	(11,758)
Here & Now project				5,000	(5,400)	(400)
Scalextric					(2,026)	(2,026)
Expenential Curation				20,000		20,000
Havant Football Club
Coronavirus Job Retention		Scheme		66,681	(66,681)
CILEnergy Efficient	Irnprovement		Works	32,050		32,050
				127,795	(86,320)	41,475
TOTALFUNDS				599,761	(337,315)	262,446