2021-03-31-accounts

Reference and Administrative	Reference and Administrative	Details
Strategic Report			2to 3
Trustees' Report			4to 7
independent Auditors'	Report		8to 10
Statement ofFinancial	Activities		Il to 12
Balance Sheet			13
Statement ofCash Flows			14
Notes to the Financial	Statements		15to 31

(including Inc	ome an	d Expenditure	Account and and Losses)	Statement o	fTotal Recog	nised Gains
						Total
				Unrestricted	Restricted	2021
			Note
Income and Endowments		from:
Donations and legacies			3	500,902	238,690	739,592
Charitable activities			4	37,123		37,123
Other trading activities			5	37,934		37,934
Investment income			6	8		8
Other income				9,600		9,600
Total Income				585,567	238,690	824,257
Expenditure on:
Raising funds			8	(37,404)		(37,404)
Charitable activities			9	(626,267)	(97,235)	(723,502)
Total Expenditure				(663,671)	(97,235)	(760,906)
Net (expenditure)/income				(78,104)	141,455	63,351
Transfers between	funds			(9,567)	9,567
Net movement in funds				(87,671)	151,022	63,351
Reconciliation offunds
Total funds brought	forward		24	3,228,612	18,329	3,246,941
Total funds carried	forward		24			3,310,292

(including Inc	ome an	d Expenditure	Account and and Losses)	Statement o	fTotal Recogn	ised Gains
						Total
				Vnrestricted	Restricted	2020
			Note	K
Income and Endowments		from:
Donations and legacies				418,913	220,053	638,966
Charitable activities				5,914		5,914
Other trading activities				123,369		123,369
Investment income				78		78
Other income				19,453		19,453
Total Income				567,727	220,053	787,780
Expenditure on:
Raising funds				(78,095)		(78,095)
Charitable activities				(655,069)	(241,1S9)	(896,258)
Total Expenditure				(733,164)	(241,189)	(974,353)
Net expenditure				(165,437)	(21,136)	(186,573)
Transfers between	funds			(17,911)	17,911
Net movement in funds				(183,348)	(3,225)	(186,573)
Reconciliation offunds
Total funds brought	forward			3,411,960	21,554	3,433,514
Total funds carried	forward			3,228, 812	ill,328	3,246,941

		Balance Sheet as at31	March 202	1
				2021	2020
			Note
Fixed assets
Tangible assets			16	3,163,013	3,328,056
Current assets
Stocks			17	16,430	15,648
Debtors			18	58,951	30,407
Cash at bank	and in hand		19	179,885	36,158
				255,266	82,213
Creditors: Amounts		falling due within one year	20	(96,646)	(150,124)
Net current	assets/(liabilities)			158,620	(67,911)
Total assets	less current liabilities			3,321,633	3,260,145
Creditors: Amounts		falling due after more than one year	21	(11,341)	(13,204)
Net assets				3,310,292	3,246,941
Funds ofthe charity:
Restricted income funds
Restricted funds			24	169,351	18,329
Unrestricted	income	funds
Unrestricted	funds			3,140,941	3,228,612
Total funds			24	3,310,292	3,246,941

Statemen	t ofCash F	lows for the Year	Ended 3	1March 2021
				2021	2020
			Note		g
Cash flows from operating	activities
Net cash income/(expenditure)				63,351	(186,573)
Adjustments to cash flows from non-cash		items
Depreciation				165,043	163,756
Investment income				(8)	(78)
				228,386	(22,895)
Working capital adjustments
Increase in stocks			17	(782)	(3,241)
(Increase)/decrease in debtors			18	(28,544)	16,286
(Decrease)/increase in creditors			20	(38,887)	31,112
(Decrease)/increase in deferred income			20	(9,000)	9,000
Net cash flows &om operating	activities			151,173	30,262
Cash flows from investing activities
Interest receivable and similar	income		6	8	78
Purchase oftangible fixed assets			16		(15,464)
Sale oftangible fixed assets					5
Net cash flows &om investing	activities				(15,381)
Cash flows from financing activities
Repayment ofcapital element	offinance leases and HP contracts		22	(7,454)	(9,847)
Net increase in cash and cash	equivalents			143,727	5,034
Cash and cash equivalents at 1 Apri!			19	36,158	31,124
Cash and cash equivalents at 31March			19	179,885	36,158

3 Income f	rom	donations and le	gacies
			Unrestricted
					Total	Total
			General	Restricted	2021	2020
Donations and legacies;
Donations	trom	individuals	15,075	12,920	27,995	4,677
Grants, including		capital grants;
Government	grants		46,290		46,290	32,600
Non government		grants	439,537	225,770	665,307	601,689
			500,902	238,690	739,592	638,966

4	Income from charitable activities
		Unrestricted
			Total	Total
		General	2021	2020
			8	8
	Exhibitions	37,123	37,123	5,914
5	Income from other trading activities
		Unrestricted
			Total	Total
		Generai	2021	2020
				g
Trading income;
	Shop income	37,934	37,934	123,369
		37,934	37,934	123,369

6 Investment in	co	me
			Unrestricted
			funds	Total	Total
			General	2021	2020
Interest receivable	and similar income;
Interest receivable		on bank deposits				78

7 Other	income
			Unrestricted
				Total	Total
			General	2021	2020
Cafe rental					8,850
Room hire					1,000
Museums	and galleries	exhibition tax relief	9,600	9,600	9,603
			9,600	9,600	19,453

a) Costs oftrading activities
		Unrestricted
			Total	Total
		General	2021	2020
	Note
Costs ofgoods sold		37,404	37,404	77,788
Bad debts written off				307
		37,404	37,404	78,095

9 Expenditu	re on ch	aritable acti	vities
			Unrestricted
					Total	Total
			General	Restricted	2021	2020
		Note		8
Publicity costs			9,170		9,170	14,983
Premises costs			95,902	17,887	113,789	118,297
Exhibition program			40,172	45,220	85,392	223,228
Travel and
subsistence			1,143		1,143	21,115
Office costs			29,571		29,571	29,267
Sundry expenses			14,800		14,800	14,913
Bank charges			2,030		2,030	4,250
Interest payable			2,941		2,941	4,493
Depreciation			165,043		165,043	163,762
Legal and professional						1,896
Staff costs			259,245	34,128	293,373	293,804
Governance	costs	10	6,250		6,250	6,250
			626,267	97,235	723.392	II96,238

				Unrestmcted
				funds	Total	Total
				General	2021	2020
						g
Audit fees
Audit of	the financial	statements		6,250	6,250	6,250
				6,250	6,250	6,250
11 Net incoming/outgoing			resources
Net incoming/(outgoing)			resources for the year include:
					2021	2020
Operating	leases - other	assets			35,236	33,179
Audit fees					6,250	6,250
Other non-audit services					1,591	1,681
Depreciation offixed assets					165,042	163,762
Finance charges payable					2,941	3,234

13 Staffcosts The aggregate payroll costs were as follows:
	2021	2020
Staffcosts during the year were:
Wages and salaries	275,687	269,579
Social security costs	13,094	14,785
Pension costs	4,363	3,725
Other staff costs	229	5,715
	293,373	293,804

the year was	as follow	s:
				2021	2020
				No	No
Average numbers				22		22
No employee	received	emoluments	ofmore than f60,000 during the year.
14 Auditors'	remuneration
				2021	2020
Audit ofthe	financial	statements		6,250	6,250

16 Tangible fixed assets
	Land and	Plant and
	buildings	machinery	Total
Cost
At I April 2020	4,726,549	124,747	4,851,296
At 31March 2021	4,726,549	124,747	4,851,296
Depreciation
At I April 2020	1,417,808	105,432	1,523,240
Charge for the year	157,392	7,651	165,043
At 31March 2021	1,575,200	113,083	1,688,283
Net book value
At 31March 2021	3,151,349	11,664	3,163,013
At 31March 2020	3,308,741	19,315	3,328,056

17 Stock
	2021	2020
Stocks	16,430	15,648
18 Debtors
	2021	2020
Trade debtors	1,121	192
Prepayments	14,183	13,915
Other debtors	43,647	16,300
	58,951	30,407

19Cash and	cash equiv	alents
			2021	2020
			g
Cash on hand			58	300
Cash at bank			179,827	35,858
			179,885	36,158
20 Creditors:	amounts	falling due within one year
			2021	2020
Trade creditors			60,144	94,940
Hire purchase	and finance leases		1,862	7,453
Other taxation	and social	security	20,020	8,727
VAT liability				6,926
Other creditors			1,920	4,599
Accruals			12,700	18,479
Deferred income				9,000
			96,646	150,124

21 Creditors:	amounts falling due after one year
		202II	2020
Other loans		11,341	11,341
Hire purchase	and finance leases		1,863
		11,341	13,204

22 Obligations under leases and hire purchase c The total value offuture minimum lease payments	ontracts was as follows:
	2021	2020
Within one year	3,478	13,715
In two to five years		3,438
	3,478	17,153

Total future minimum lease payments under non-cancell	able operating leases are as follows:
	2021	2020
Land and buildings
Within one year	43,500	43,500
Between one and five years	174,000	174,000
After five years	652,500	696,000
	870,000	913,500
Other
Within one year	1,000	4,250

24 Funds
				Other	Balance at
	Balance at I	Incoming	Resources	recognised	31March
	April 2020	resources	expended	gains/(losses)	2021
				g
Unrestricted funds
Genera/
General	3,228,612	585,567	(663,671)	(9,567)	3,140,941
Restricted funds
Canvas / Edge	9,919	3,000	(12,919)
BBorzello Female
Perspective	3,000	3,000			6,000
ACW Capital Grant (Refurbishment)		12,520	(17,886)	5,366
Criw Celf	5,410		(5,410)
Foyle Foundation		14,500	(6,098)		8,402
Learning and Curatorial Fund		40,000	(1,533)		38,467
Jacqueline de Jong Exhibition		10,000	(2,553)		7,447
Angharad Williams Exhibition		3,000			3,000
Tarek Lakhrissi: My
Immortal		5,000	(5,000)
Weston Culture Fund		106,750	(715)		106,035
RWathen Book Fund		7,262	(7,495)	233
Vick Homby Exhibition Catalogue		5,658	(9,399)	3,741
ACW Business
Organisational Restructure		10,000	(10,000)
ACW Strength through
adversity		15,000	(15,000)
Queer is not a label		3,000	(3,227)	227
Total restricted funds	18,329	238,690	(97,235)	9,567	169,351
Total funds	3,246,941	824,257	(760,906)		3,310,292

						Balance at
		Balance at I	Incoming	Resources		31March
		April 2019	resources	expeaded	Transfers	2020
			8	8
Unrestricted funds
General
General		3,411,960	567,727	(733,164)	(17,911)	3,228,612
Restricted
Llawn		515	59,750	(61,235)	970
Portfolio Workshop		1,441		(3,946)	2,505
Melanic Miller/	Processions
Workshop		239		(264)	25
Pages ofthe Sea		3,068		(3,068)
Josephine Meckseper
Exhibition		3,033		(3,080)	47
Louisa Gagiiardi Exhibition		48		(50)	2
Canvas / Edge		13,210	15,000	(18,291)		9,919
DNelson			300	(300)
Elisabetta Benassi			3,231	(3,231)
8Borzello Female
Perspective			3,000			3,000
Athena Papadopulos			2,500	(2,500)
Chiara Catnoni			3,321	(3,321)
ACW Capital Grant
(Refurbishment)			32,527	(46,889)	14,362
C1MAM Sydney			1,000	(1,000)
Nobuko Tsuchiya			2,000	(2,000)
EiAnatusi			2,038	(2,038)
Kiki Kogeinik			6,496	(6,496)
Criw Celf			83,890	(78,480)		5,410
Glyndwr			5,000	(5,000)
Total restricted	funds	21,554	220,053	(241,189)	17,911	18,329
Total funds		3,433,514	787,780	(974,353)		3,246,941

			Unrestricted		Total funds at
			funds	Restricted	31March
			General	funds	2021
Tangible	fixed	assets	3,163,013		3,163,013
Current	assets		80,935	174,331	255,266
Current	liabilities		(91,666)	(4,980)	(96,646)
Creditors over		1year	(11,341)		(11,341)
Total net assets			3,140,941	169,351	3,310,292
			Unrestricted		Total funds at
			funds	Restricted	31March
			General	funds	2020
Tangible	fixed	assets	3,328,056		3,328,056
Current	assets		49,884	32,329	82,213
Current	liabilities		(136,124)	(14,000)	(150,124)
Creditors over		1 year	(13,204)		(13,204)
Total net assets			3,228,612	18,329	3,246,941

							2021	2020
Financial	assets that	are debt	instruinents	measured	at amortised	cost	238,836	66,565
Financial	liabilities	measured	at amortised	cost			(107,987)	(163,328)