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|CONTENTS||||Page|
|---|---|---|---|---|
|Professional<br>Advisors|||||
|Board of Governors<br>and||Executive Leadership|Team||
|Chair's Foreword|||||
|Chief Executive Officer's Foreword|||||
|Report ofthe Trustee|||||
|Financial<br>Review||||18|
|Statement<br>ofTrustee's||Responsibilities||26|
|Independent<br>Auditors'|Report|||27|
|Consolidated<br>Statement||of Financial Activities||30|
|Balance Sheet||||31|
|Consolidated<br>Statement||ofCash Flows||33|
|Notes to the Financial|Statements|||34|





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|Charitable|Impact in|Numbers|Numbers|Numbers||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Events||||||3,616||||||
|Tickets Issued||||||484,000||||||
|%free public events||||||44%||||||
|Venue visitors||||||1.342 million||||||
|Schools|engaged|||||55school|groups engaged||in|person|with a|
|||||||total of 1,920 children||||||
|||||||162school|groups engaged||with us||through|
|||||||digital events,||with a total of 3,240 children||||
|||||||8,168school groups engaged||||with our digital||
|||||||resources,|with a total of 163,360children|||||
|Regional|Audiences|for|Hayward||Touring|62,000||||||
|Black, Asian and Ethnically||||Diverse audiences||14%||||||
|Under 30s||||||||||||
|Lambeth|and Southwark||bookers|||12%||||||



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|Type of Emissions|Activity||kWh|tcore|%ofTotal|
|---|---|---|---|---|---|
|Direct (Scope 1)|Natural Gas||11,412,072|2,098|53.7%|
||Company|Fleet|0.0|0.0|0.00%|
||Subtotal||11,412,072|2,098|53.7%|
|Indirect (Scope 2)|Electricity||8,509,669|1,807|46.3%|
||Subtotal||8,509,669|1,807|46.3%|
|Indirect Other (Scope 3)|Grey Fleet||||0%|
||Subtotal||||0%|
||Total Energy Use (kWh)||||19,921,741|
||Total (location based) Gross<br>Emissions (tCO,e)||||3,905|
||Renewable|Electricity (tCO,e)|||1,807|
||Total (market based) Gross|||||
||Emissions|(tCO,e)|||2,098|
||Gross Turnover<br>(ms)||||27.3|
||Tonnes of|Gross CO2e per my|||143.3|





|cted that 7,105,000 <br>fficiency measures.|kWh energy is going to be s|aved over th|e next 5 ye|ars through<br>th|
|---|---|---|---|---|
|Type ofEmissions|Units|2021/2022|2020/2021|YOY %Change|
|Direct (Scope 1)|(kwh)|11,412,072|3,025,474|277.3%|
||(tco,e)|2,098|556|277.3%|
|Indirect (Scope 2)|(kwh)|8,509,669|3,262,854|160.8%|
||(tCO,e)|1,807|761|1375%|
|Indirect Other (Scope 3)|(kwh)||2,6150|-100%|
||(tco,e)|||-100%|
||Total Energy Use (kWh)|19,921,741|6,290,043|216.7%|
||Total Gross Emissions<br>(tCOxe)|3,905|1,317|1965%|
||Renewable<br>Electricity (tco,e)|1,807|761|1374%|
||Total Net Emissions (tCO,e)|2,098|556|2774%|
||Tonnes ofGross CO2e per fm|143|36|293.8%|





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|||||||Unrestricted|Funds|Restricted|Funds|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Operations|Designated|Project|Capital|2022|2021|
||||||Note|E000|E000|6'000|6'000|6'000|f.'000|
|INCOME FROM:||||||||||||
|Donations<br>and legacies||||||19,855||2,548|350|22,753|26,615|
|Charitable<br>Activities||||||5,747||||5,747|1,057|
|Other Trading Activities||||||14,603||||14,603|8,501|
|Proceeds from sale|offixed assets|||||||||||
|Investments||||||52||||52|27|
|TOTAL||||||40,257||2,548|350|43,155|36,200|
|EXPENDITURE ON:||||||||||||
|Raising funds|||||9|1,025|34|-|-|1,059|1,054|
|Charitable<br>activities|||||9|29,419|5,435|2,304|-|37,158|29,789|
|Other|||||9|3,637|594|-|-|4,231|6,377|
|TOTAL||||||34,081|6,063|2,304||42,448|37,220|
|Net (expenditure)/income|||before transfers|||6,176|(6,063)|244|350|707|(1,020)|
|Transfers|||||19|(9,776)|10,126|-|(350)|||
|Other recognised|(losses)/gains|||||||||||
|Actuarial<br>(loss)/gain|on|defined benefit|||23||(500)|||(500)|(800)|
|pension schemes||||||||||||
|Gain/(Loss)<br>on derivative|||financial|instrument|||1,026|||1,026|429|
|Net Movement<br>in funds||||||3,600|4,589|244||1,233|1,391|
|Fund balances<br>brought||forward at||1 April||11,482|214,730|792||227,004|228,395|
|2021||||||||||||
|Total funds carried|forward at 31 March 2022|||||7882|219319|1 036||228 237|227 004|





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||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
||||||2022|2021|2022|2021|
||||||E'000|E'000|f'000|f'000|
|Fixed assets|||||||||
|Tangible assets||||11|230,627|236,749|230,627|236,749|
|Intangible<br>assets||||12|252|433|252|433|
|Investments||||14|16,029|12,001|12,029|12,001|
|Total fixed assets|||||246,908|249,183|242,908|249,183|
|Current asseR|||||||||
|Stocks ofconsumables||and goods held for resale|||292|286|45|54|
|Debtors - due within|one year|||15||9,296|9,703|9,279|
|Cash and cash equivalents|||||20,829|11,713|16,075|9,363|
|Total current assets|||||27,465|21,295|25,823|18,696|
|Liabilities|||||||||
|Creditors: amounts|falling due||within one year|16|(17,202)|(11,098)|(15,904)|(10,237)|
|Net current assets|||||10,263|10,197|9,919|8,459|
|Total assets|||||257,171|259,380|252,827|257,642|
|Creditors: amounts|falling due||after one year|18|(28,934)|(32,876)|(28,934)|(32,319)|
|Net assets exduding||pension|liability||228,237|226,504|223,893|225,323|
|Defined benefit pension asset|||I (liability)|23||500||500|
|Total net assets|||||228,237|227,004|223,893|225,823|





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|||||Group||Charity||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|||||2022|2021|2022|2021|
|||||6'000|6'000|F'000|F'000|
|Unrestricted|income funds|||||||
|General reserves||||7,882|11,482|3,538|10,301|
|Designated|funds||19|219,319|214,230|219,319|214,230|
|Pension reserve|||23||500||500|
|||||219,319|214,730|219,319|214,730|
|Total unrestricted||income funds|19|227,201|226,212|222,857|225,031|
|Restricted|income funds|||||||
|Projects fund|||19|1,036|792|1,036|792|
|Total restricted<br>income funds|||19|1,036|792|1,036|792|
|Total group|funds||19|228,237|227,004|223,893|225,823|





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|S at 31 March 2022|||||||
|---|---|---|---|---|---|---|
|||||Note|2022|2021|
||||||F'000|E'000|
|Net cash inflow from operating<br>activities|||||17,066|1,587|
|Net cash generated<br>from operating||activities|||17,066|1,587|
|Cash flow from investing<br>activities|||||||
|Purchase<br>oftangible<br>fixed assets||||11|(1,881)|(1,408)|
|Purchase<br>of intangible<br>fixed assets||||12|(10)|(189)|
|Investments||||14|(4,028)|(3,996)|
|Sale oftangible<br>fixed assets||||||16|
|Interest received||||5|52|27|
|Cash used in investing<br>activities|||||(5,867)|(5,550)|
|Cash flow from financing<br>activities|||||||
|Loan received||||||10,911|
|Repayment<br>of loan|||||(978)|(288)|
|Interest expense|||||(1,105)|(969)|
|Cash generated<br>(used in) / from|financing||activities||(2,083)|9,654|
|Net (decrease)<br>/ increase<br>in cash and cash|||||||
|equivalents|||||9,116|5,691|
|Cash and cash equivalents<br>at the|beginning||ofthe year||11,713|6,022|
|Cash and cash equivalents<br>at the|end|of the|year||20,829|11,713|
|Net (outgoing)<br>/ incoming<br>resources before transfers|||||707|(1,020)|
|Interest received|||||(52)|(27)|
|Interest paid||||7|1,105|969|
|Depreciation<br>and amortisation<br>charge||||11,12|8,108|8,318|
|Loss/(Gain)<br>on FA disposal|||||85|16|
|Impairment<br>of Intangible<br>Fixed Assets||||12|||
|(Increase)/Decrease<br>in stock|||||(6)|83|
|Decrease/(increase)<br>in debtors||||15|2,952|(2,870)|
|(Decrease)/ increase<br>in creditors||||16, 18|4,167|(3,882)|
|Retirement<br>benefits movements||||23|||
|Net cash inflow from operating|activities||||17,066|1,587|





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|Donatio|n|s<br>and Legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||Funds|Funds|2022|2021|
||||F'000|F'000|F'000|F'000|
|Donations|and sponsorships||1,094|896|1,990|2,085|
|Arts council||grant|18,698|1,652|20,350|19,627|
|Funding<br>for||asset|||||
|construction||||350|350|6|
|Other grant||income|63||63|4,897|
|Total|||19,855|2,898|22,753|26,615|



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|Charitable<br>Activities|||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||Funds|Funds|2022|2021|
||F'000|F'000|F'000|F'000|
|Artistic activities|||||
|Ticket Income|3,456||3,456|587|
|Artistic rentals|1,819||1,819|420|
|Other income|472||472|50|
|Total|5,747||5,747|1,057|



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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
||||F'000|E'000|F'000|F'000|
|Other Trading||Activities|||||
|Retail sales|||1,061||1,061|329|
|Concessions|||7,238||7,238|5,778|
|Hall and space||rentals|2,551||2,551|594|
|Memberships|and||||||
|subscriptions|||764||764|946|
|Other income|||2,989||2,989|854|
|Total|||14,603||14,603|8,501|



## 

|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
|||F'000|F'000|F'000|F'000|
|Interest|receivable|52||52|27|
|Total||52||52|27|





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||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||F'000|F'000|
|Net incomel (expenditure)||is|stated|after charging||(crediting):|||||
|Operating<br>lease charges|||||||||173|173|
|Depreciation<br>and amortisation|||charge on assets||||||8,108|8,318|
|Auditors'<br>remuneration|for|audit services (Southbank|||||Centre)||60|75|
|Auditors'<br>remuneration|for|audit services (Enterprises)|||||||7|6|
|Losses on foreign exchange|||differences||||||5|2|
|Impairment<br>losses|||||||||||
|Income<br>from<br>Creative|Tax||reliefs|included|within||income|from|||
|charitable<br>activities|||||||||(270)|(112)|
|Bad debt expense|||||||||(923)|1,062|



|7|Interest Expense|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||Funds|Funds|2022|2021|
|||F'000|F'000|F'000|F'000|
||Interest expense|1,105||1,105|969|
|Total||1,105||1,105|969|







|eceived Fn|il (2021:Fnil) in reimbursem|ent<br>oftravelling<br>and subs|istence|expe|nses.|||
|---|---|---|---|---|---|---|---|
|||Average|number|of|Average|full time||
|||employees|||equivalent|number|of|
||||||employees|||
|||2022|2021||2022|2021||
|||No.||No.|No.||No.|
|Raising Funds||12||12|12||11|
|Charitable|Activities|97||112|88||101|
|Other||21||29|18||24|
|Support||229||307|173||209|
|||359||460|291||345|







## 

|Total Re|sources Exp|ended|||||
|---|---|---|---|---|---|---|
||||Direct Costs|Support Costs|2022|2021|
||||E'000|F'000|E'000|F'000|
|Costs of raising funds|||569|490|1,059|1,054|
|Expenditure|on charitable|activities|10,161|26,997|37,158|29,789|
|Other|||1,136|3,095|4,231|6,377|
||||11,866|30,582|42,448|37,220|



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|||Management|Marketing|Human|Operations|Depreciation|||
|---|---|---|---|---|---|---|---|---|
|||&Admin|&Comms|Resources||&Disposals|2022|2021|
|||F.'000|F'000|F'000|F'000|F.'000|F'000|F.'000|
|Costs of|raising funds|208|107|44|85|46|490|580|
|Expenditure<br>on|||||||||
|charitable|activities|3,705|1,917|670|13,449|7,256|26,997|24,457|
|Other||418|217|49|1,617|794|3,095|4,247|
|Total Support Costs||4,331|2,241|783|15,151|8,096|30,582|29,284|



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|||||2022|2021|
|---|---|---|---|---|---|
|||||F'000|F'000|
|Internal|audit|||22|6|
|External|audit|||67|63|
|Governors'<br>indemnity|||insurance|14|15|
|Apportionment||ofstaff|costs|218|260|
|||||321|344|





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|1 Tangible Assets|1 Tangible Assets|||||||
|---|---|---|---|---|---|---|---|
|Group and charity||Land &|Land &|Assets|Fixtures|Plant &||
|||Buildings|Buildings|under|& Fittings|Machinery|Total|
|||(Artistic)|(Other)|Construction||E'000|E'000|
|||E'000|F'000|F'000|F'000|||
|Cost||||||||
|At 1 April 2021||256,764|26,647|260|8,181|6,950|298,802|
|Additions||517||165|38|1,161|1,881|
|Transfers||28||(201)|112|61||
|Disposals|||||675|65|740|
|At 31 March|2022|257,309|26,647|224|7,656|8,107|299,943|
|Accumulated|Depreciation|||||||
|At 1 April 2021||42,304|8,847||5,561|5,341|62,053|
|Charge for the year||6,368|||512|1,037|7,917|
|On disposals|||||589|65|654|
|At 31 March|2022|48,672|8,847||5,484|6,313|69,316|
|Net Book Value||||||||
|At 31 March|2022|208,637|17,800|224|2,172|1,794|230,627|
|At 31 March|2021|214,460|17,800|260|2,620|1,609|236,749|



|12 intangible|Assets|||
|---|---|---|---|
|Group and charity||Software|Total|
|||F'000|F'000|
|Cost||||
|At 1 April 2021||795|795|
|Additions||10|10|
|Transfers||||
|Disposals||||
|At 31 March|2022|805|805|
|Accumulated|Amortisation|||
|At 1 April 2021||362|362|
|Charge for the year||191|191|
|On disposals||||
|At 31 March|2022|553|553|
|Net Book Value||||
|At 31 March|2022|252|252|
|At 31 March|2021|433|433|





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||||Group||Charity||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||E'000|F'000|F'000|F'000|
|Bank loans and overdrafts|||1,270|1,209|1,270|1,209|
|Trade creditors|||4,198|822|3,965|773|
|Amounts|owing to group undertakings||||||
|Advanced|ticket sales||2,897|1,547|2,897|1,547|
|Accruals|and deferred|income|8,837|7,520|7,772|6,708|
||||17,202|11,098|15,904|10,237|



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||||Group||Charity||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||E'000|F'000|F'000|F'000|
|Deferred|income brought|forward|2,933|3,124|1,767|2,099|
|Deferred|in the year||2,080|2,451|1,697|1,767|
|Released|in the year||2,220|2,642|1,611|2,099|
|Deferred|income carried|forward|2,793|2,933|1,853|1,767|





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|9 Group and Charity|Reserves||||||
|---|---|---|---|---|---|---|
||Balances as|||||Balances|
||at beginning|||Other||as at end|
||ofthe year|||Gains &|Transfers|ofthe year|
||F'000|Income|Expenditure|Losses|(out) I in|F.'000|
|||E'000|E.'000|F'000|E'000||
|Unrestricted<br>Income Funds|||||||
|General Reserves|||||||
|General<br>Fund|2,400|40,257|(34,081)||(694)|7,882|
|CRF Repayable|||||||
|Finance Fund|9082||||9082||
|Total General Reserves|11,482|40,257|(34,081)||(9,776)|7,882|
|Designated<br>Funds|||||||
|Capital<br>& Revaluation|||||||
|Reserve|207,874||(6,063)|1,026|11,979|214,816|
|2021/22 Restart Fund|4,156||||(4,156)||
|Strategic Investment|||||||
|Fund|2,200||||2,303|4,503|
|Pension<br>Plan Reserve|||||||
|(note 23)|500|||500|||
|Total Unrestricted|||||||
|Funds|226,212|40,257|40,144|526|350|227,201|
|Restricted Funds|||||||
|Capital Reserve||350|||(350)||
|Projects Funds|792|2,548|2,304|||1,036|
|Total Restricted<br>Funds|792|2,898|2,304||350|1,036|
|Total Funds (2022)|227,004|43,155|42,448|526||228,237|
|Total Funds (2021)|228,395|36,200|37,220|371||227,004|



## 

|he following ta|ble discl|oses the reserve|s for the p|rior year as req|uired<br>by the|Charities S|ORP.|
|---|---|---|---|---|---|---|---|
|||Balances as|||||Balances|
|||at beginning|||Other||as at end|
|||ofthe year|||Gains &|Transfers|ofthe year|
|||F'000|Income|Expenditure|Losses|(out) l in|F'000|
||||F.'000|E.'000|F'000|F.'000||
|Unrestricted<br>Income Funds||||||||
|General Reserves||||||||
|General<br>Fund||4,687|34,384|(29,728)||(6,943)|2,400|
|CRF Repayable||||||||
|Finance Fund||||||9082|9082|
|Total General Reserves||4,687|34,384|(29,728)||2,139|11,482|
|Designated<br>Funds||||||||
|Capital<br>& Revaluation||||||||
|Reserve||222,020||(6,080)|429|(8,495)|207,874|
|2021/22 Restart|Fund|||||4,156|4,156|
|Strategic Investment||||||||
|Fund||||||2,200|2,200|
|Pension<br>Plan Reserve||||||||
|(note 23)||1,300|||800||500|
|Total Unrestricted||||||||
|Funds||228,007|34,384|35,808|371||226,212|
|Restricted<br>Funds||||||||
|Capital Reserve|||3|(3)||||
|Projects Funds||388|1,813|1,409|||792|
|Total Restricted|Funds|388|1,816|1,412|||792|
|Total Funds (2021)||228,395|36,200|37,220|371||227,004|





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|Charity Reserves|Charity Reserves|||||||||
|---|---|---|---|---|---|---|---|---|---|
|The difference<br>between||the Group and|||Charity|reserves|is solely due|to the Gift Aided donation<br>from||
|Southbank|Centre Enterprises||Ltd|to Southbank||Centre.|This donation|ofF4.3m (2021:E1.2m) will be||
|made after year end and||credited to the|||Southbank<br>Centre reserves at|||the date of receipt.||
|Analysis|ofnet assets|between||funds||||||
||||||Restricted||Unrestricted|2022|2021|
|||||||E'000|E'000|E'000|F'000|
|Tangible|and intangible|fixed|assets||||246,908|246,908|249,183|
|Current assets||||||1,036|26,429|27,465|21,295|
|Current|liabilities||||||(17,202)|(17,202)|(11,098)|
|Creditors|falling due after one||year||||(28,934)|(28,934)|(32,876)|
|Pension|plan asset||||||||500|
|||||||1,036|227,201|228,237|227,004|





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|Group and|Charity|2022|2021|
|---|---|---|---|
|||F'000|F'000|
|Authorised|and contracted||604|



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|||2022|2021|
|---|---|---|---|
|||F'000|F'000|
|Payments|due|||
|Not later than one year||173|173|



## 

||2022|2021|
|---|---|---|
||E'000|F'000|
|Receipts due|28,987|35,767|
|Not later than one year|3,818|4,013|
|Later than one year and not later than five years|14,636|16,063|
|Later than five year|10533|15691|





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|he amount<br>recognised<br>in the SOFA is as follows:|||
|---|---|---|
||2022|2021|
||E'000|F'000|
|Defined benefit scheme|||
|Current service costs||145|
|Past service costs|||
|Defined contribution<br>scheme|534|648|
|Total charge<br>in net expenditure|645|793|
|Defined benefit scheme|||
|Net interest (income) / expense|172|177|
||473|616|



## 

|ave been made|based on the following|key assumptions:|||
|---|---|---|---|---|
||||2022|2021|
|Expected rate|of salary increase||3.3%|2 7%|
|Expected rate|of increase of pensions|in payment|2.1%|2.2%|
|Discount rate|||2.7%|2 0%|
|Rate of inflation|(RPI)||3.8%|34%|
|Rate of inflation|(CPI)||3.3%|2 7%|





## 

||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||ears|ears|
|Longevity at age||65for current pensioners|||||||
||Men||||||22.7|22.3|
||Women||||||25.1|24.3|
|Longevity at age||65for future pensioners|||||||
||Men||||||24.0|23.6|
||Women||||||26.5|25.8|
|Reconciliation<br>of plan assets and liabilities:|||||||||
|||||||Assets|Liabilities|Total|
|||||||E'000|F'000|F'000|
|At 1 April 2021||||||69,784|(61,239)|8,545|
|Benefits|paid|||||(1,515)|1,515||
|Employer contributions||||||145||145|
|Member's<br>contributions||||||5|(5)||
|Current|service cost||||||(111)|(111)|
|Interest|income/ (expense)|||||1,382|(1,210)|172|
|Remeasurement||(losses) / gains|||||||
||Actuarial|gains||||124|2,127|2,251|
||Return<br>on||plan assets excluding||interest income||||
|As at 31 March 2022||||||69,925|58,923|11,002|
|Total cost recognised as an expense:|||||||||
||||||||2022|2021|
||||||||F'000|F'000|
|Current|service costs||||||111|145|
|Interest|cost||||||1,210|1,318|
||||||||1,321|1,463|
|No amounts<br>(2021:|||Enil) were included|in the cost ofassets.|||||
|The fair value ofthe|||plan assets was:||||||
||||||||2022|2021|
||||||||E'000|F'000|
|Equities||||||||13,803|
|Liability|driven equities||||||46,896|19,795|
|Diversified<br>growth|||fund||||15,523|28,057|
|Cash|||||||770|537|
|London|Eye asset||||||6,736|7,592|
||||||||69,925|69,784|



|he retur|n on the plan assets was:|||
|---|---|---|---|
|||2022|2021|
|||E'000|F'000|
|Interest|income|1,382|1,495|
|Return|on plan assets less interest income|124|6,902|
|||1,506|8,397|





## 

## 

|he amo|unt<br>r|ecognised as an expense for the define|d<br>contribution<br>scheme was:||
|---|---|---|---|---|
||||2022|2021|
||||E'000|F'000|
|Current|year|contributions|534|648|
||||534|648|





## 

|esults are|shown<br>below|:||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E'000|E'000|
|Turnover||||8,438|2,478|
|Cost ofsales||||(2,417)|(620)|
|Administrative<br>expenses||||1 684|679|
|Operating|profit|||4,337|1,179|
|Interest receivable||||7|2|
|Net profit||||4,344|1,181|
|Profit and|loss brought|forward||1,181|6,846|
|Gift aid paid to Southbank|||Centre Limited|1,181|6,846|
|Retained|in the subsidiary|||4,344|1,181|



|abilities, share capi|tal and reserves was:|||
|---|---|---|---|
|||2022|2021|
|||F'000|E'000|
|Current assets||10,183|3,614|
|Creditors: amount|falling due within one year|5,839|1,876|
|Net current assets||4,344|1,738|
|Creditors: amounts|falling due after one year||(557)|
|Total net assets||4,344|1,181|
|Represented<br>by:||||
|Profit and loss account||4,344|1,181|





## 

## 

## 



## 



## 

||||||Unrestricted|Funds|Restricted|Funds|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||||Funds|
||||||Operations|Designated|Project|Capital|2021|
|||||Note|E000|E000|L"000|L"000|L'000|
|INCOME FROM:||||||||||
|Donations<br>and legacies||||2|24,799||1,813|3|26,615|
|Charitable<br>Activities||||3|1,057||||1,057|
|Other Trading Activities||||4|8,501||||8,501|
|Proceeds from sale|offixed assets|||||||||
|Investments|||||27||||27|
|TOTAL|||||34,384||1,813|3|36,200|
|EXPENDITURE ON:||||||||||
|Raising funds||||9|1,019|35|-|-|1,054|
|Charitable<br>activities||||9|27,781|596|1,409|3|29,789|
|Other||||9|928|5,449|-|-|6,377|
|TOTAL|||||29,728|6,080|1,409|3|37,220|
|Net (expenditure)/income||before transfers|||4,656|(6,080)|404|-|(1,020)|
|Transfers|||||2,139|(2,139)||||
|Other recognised|(losses)/gains|||||||||
|Actuarial<br>(loss)/gain|on defined benefit|||23||(800)|||(800)|
|pension schemes||||||||||
|Gain/(Loss)<br>on derivative||financial|instrument|||429|||429|
|Net Movement<br>in funds|||||6,795|8,590|404||1,391|



||Unrestricted|funds|Restricted|funds|Total funds|
|---|---|---|---|---|---|
||Operations|Designated|Projects|Capital|2021|
||F'000|F'000|F'000|F'000|F'000|
|Net movement<br>in funds|6,795|(8,590)|404||(1,391)|
|Fund balances<br>brought||||||
|forward as at 1 April 2020|4,687|223,320|388||228,395|
|Total funds carried forward as||||||
|at 31 March 2021|11,482|214,730|792||227,004|