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|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|
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|(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|
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|(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|
##
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|||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|
##
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|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|
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|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|
##
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|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|
##
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|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|
##
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|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|
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|||||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|
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|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||
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|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|
##
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##
|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|
##
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|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|
##
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##
|||||||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)|