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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|
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|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|
##
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|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|
##
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||||||||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|
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|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|
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||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|
##
|10|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|
##
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|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|
##
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##
|||||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|in|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|
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