2021-12-31-accounts - Cartoon Art Trust Limited

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		Page No.
Report ofthe Trustees		1-8
Independent Examiner's	Report
Statement ofFinancial Activities incorporating		10-12
Income and Expenditure	Account
Balance Sheet		12-13
Notes to the Financial Statements		14-21

				2020
			Unrestricted	Restricted	Total
		Nates	liunds	Funds	Funds
				8
Income
From Generated Funds
Donations			380,965	115,130	496,095
From Charitable Activities
Operation ofaMuseum	for the
purposes ofeducation,	research and
enjoyment			41,169		41,169
Investment Income
Total Income			422139	115130	537269
Resources Expended
Costs ofRaising Funds		3.1	27,464		27,464
Charitable Activities		3.2	184,542	54,809	239,351
Total Resources Expeaded			212006	54,809	266 815
Net Iaco me I(Expenditure) for the year		4.1	210,133	60,321	270.454
Transfers between funds			62,930	(62,930)
Net Movemeat ia Fuads			273,063	~2609	2711.454
Total Funds brought forward			1,706,031	309,381	2,015,412
Total Funds carried forward			1979094	306772	2285866

INCOME
		2021			2020
		Unrestricted	Restricted	Total	Total
Donatioas
Donations		70,494	107,280	177,774	374,072
Gift Aid		2,201		2,201	23,071
Donated Artwork at valuation		650		650
Business Support Grants		97003		97003	98.982
Total		170,348	107,280	277,628	496,095
Charitable Activities
Friends Membership		9,194		9,194	9,399
Museum Admissions		39,529		39,529	24,132
Education &Workshops		7,038		7,038	1,761
Museum hire	and other events	8 544		8,544	5,877
Total		64,305		64305	41,169
Interest		20		20
Total Income		234673	107280	341 953	537269
3.0RESOURCES EXPENDED		2021			2020
		Unrestricted	Restricted	Total	Total
					8
3.1Donations
Support Costs		22643		22,643	27,464
Total		22643		22,643	27,464
3.2 Charitable	Activities
Exhibition costs		4,478		4,478	56,383
Education &Workshops		1,002		1,002	2,459
Other costs		14,846	107,280	122,126	11,338
Support Costs		150,712		150,712	169,171
Total		171,038	107,280	278,318	239,351
Total Resources expended		193,681	107,280	300,961	266,815

4.	NET INCOMING RESO	URCES	URCES
4.1	Net Incoming Resources	are stated after charging		auditors'	remuneration of83,900 (2020: 63,900).The auditor's
	remuneration relates solely	to the independent	examination.
4.2	Employee Information				2020	2020
	Staffcosts were as follows:
	Wages and salaries				140,287	112,261
	Pensions				2,928	2,664
	Social security costs				9,413	12,468
					152,628	127,393

Staffcosts were as follows: Wages and salaries Pensions Social security costs		140,287 2,928 9,413 152,628
The average number ofem	ployees during the year was	7(20206)detail by role as follows:
Director	Full Time	1
Curator	Full Time	1
Assistant Curator	Part Time	1
Shop/admissions	Full Time	1
manager (cost borne
50/50 by the subsidiary
company and Charity,
50%included above)
Marketing and	Part Time
Communications
Offrcer
Community	Full Time
Engagement officer
Learning Manager	Full Time

7.	DEBTORS					2021	2020
	Other debtors					198,082	139,424
	Gift aid recoverable					1,372	153
	Prepayments					8,564	7,307
						208,018	146,884
8.	CREDITORS					2021	2020
	Amounts falling due within one year:
	Subscriptions received in advance					12,005	10,931
	Trade creditors					8,259	6,657
	Other creditors					48,606	17,682
	Accruals					5,853	4,900
	Loan Payments Due (Note below)					50 000	50,000
	Total due within 1year					124,723	90,170
	Amounts falling due greater than 1year
	Loan Payments due (Note below)					37500	87500
						302223	273,523
	Unsecured commercial loan off200,000 taken out in April 2019.
	The loan was initially repayable in equal instalments			over a4-year	term.
	However, as part ofCovid-19 support	the lender agreed a six-month			capital
	repayment holiday (April-September	2020) and	the loan term was extended
	to4and ahalf years to September 2023
9.	OPERATING LEASE COMMITMENTS					2021	2020
	The amounts payable in respect ofthe	operating	leases, excluding VAT are:
	In one year					15,001	15,001
	Between two snd five years					28,127	43,128