2022-03-31-accounts - The Bluecoat

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CONTENTS					PAGES
Company Information
Chair's Report
Directors' Report					4 —14
Independent Auditor's Report					15—18
Consolidated Statement of	Financial	Activities	including	the Income	19
and Expenditure Account
Consolidated and Company	Balance	Sheet			20
Statement ofConsolidated	Cash Flows				21
Notes to the Financial Statements					22 —42

Chair	Peter Mearns
Directors	Dan Stinson (retired 21 March 2022)
	Eddie Berg
	Kelly Salvoni
	Jamie Eastman
	Ralph Bullivant
	Sri Sarker
	Michael Birchall
	Sally-Anne Watkiss
	Philomena Harrison
	Gabriella Chauke (appointed		25 January 2021)
	Rachel Duncan	(appointed	21 May 2022)
Chief Executive	Mary Cloake

			Notes	Unrestricted Funds	Restricted Funds	Total Funds 2022	Total Funds 2021
				6	6	F.	6
Income
Other trading acavitles				611,619	0	611,619	282,550
Oonallons and legades				2,293	0	2,293	2,604
Incorru from charitable	activities			1,206,988	1,128,092	2,335,080	1,516,928
Total
Expenditure
Expenditure on raising funds			6	783,718	0	783,718	522,895
Expenditure on charitable		ac8vtlles	7	870,903	968,954	1,839,857	1,309,963
Total
Net incoming/(outgoing)
resources for the year		and net		166,278	159,138	326,416	(31,776)
movement In funds
Balance b/f				449,031	8,631,650	9,080,681	9,112,457
Balance c/f

					2022	2021
						E
Cash flows from operating activities:
Net income (expenditure) (as per the statement of	for the year financial activities)				325,416	(31,776)
Adjusted for:
Depreciation					399,941	303,673
Decrease / (increase) in	stock				(1,510)	3,072
Decrease / (increase) in	trade and other	receivables			(87,856)	(90,890)
Increase / (decrease) in	trade and other	payables			(294,981)	192,352
Net cash inflow (outflow) from operating			activities		341,011	376,431
Cash flows from investing activities
Purchase of property, plant &equipment					(337,160)	(399,170)
Cash used in investing	activities				~337160	~399170
Cash flows from financing activities
Repayment of borrowing					(43,499)	(30,805)
Capital Grants Received					0	251,274
Net cash flows used in	financing activities				~43,499	220,469
9 tt creasertd	it cash&	h	0	1 elect	~39,648	197,730
Opening cash &cash equivalents					325,073	127,343
Closing cash &cash equivalents					285,425	325,073
Movement in cash and	cash equivalents				~39,648	197,730

			Unrestricted Fundsf	Total 2022 6	Total 2021 6
Income	from rents and room hires		259,568	259,568	208,203
Government Grants			65,519	65,519	58,064
Catering	Outlet Income		282,930	282,930	16,000
BoxOffice & Merchandise		Income	3 602	3602	285
			611619	611619	202 552

			Unrestricted	Restricted		Total	Total
			Funds	Funds 6		2021f	2020 6
Rent of	offices and studios		206,433			206,433	285,914
Events	and	room hire	1,770			1,770	200,318
Government		Grants	58,064			58,064	0
Catering	outlet income		16,000			16,000	316,449
Boxoffice &		Merchandise	285			285	5,635
			282,550		0	282,550	808,316

			Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
Revenue Grants				6		6
Arts Council England			496,431	0	496,431	495,846
Liverpool City Council			150,000	0	150,000	150,000
Pro]ect Grants
Arts			2,500	297,463	299,963	43,850
Participation			92,120	131,783	223,903	110,200
Other Income
Covid Recovery	Grants		424,451	0	424,451	610,264
Capital Grant Release			0	698,847	698,847	49,355
Museums & Galleries Tax Relief			36,489	0	36,489	12,500
Other Charitable	Activity	Income	4,996	0	4,996	43,913
			12D6 988	1120D92	335000	1 515928

	Unrestricted	Restricted	Total	Total
	Fundsf	Funds F	2021f	2020f
Revenue Grants
Arts Council England	495,846		495,846	486,887
Liverpool City Council	150,000		150,000	197,000
Project Grants
Arts	21,000	22,850	43,850	36,941
Participation	78,666	31,533	110,200	162,961
Investment Readiness	0	0	0	13,487
Inhabit	0	0	0	2,847
Other Income
Covid Recovery Grants	610,264	0	610,264	0
Capital Grant Release	0	49,355	49,355	3,745
Print Room	0	0	0	16,701
Museums & Galleries Tax Relief	12,500	0	12,500	30,005
Other	3,913	40,000	43,913	17,170
	1,372,189	143,738	1,515,928	967,744

			Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
				6
Advertising	and	Marketing	179,049	0	179,049	64,504
Building running		costs	173,808	0	173,808	130,870
Support costs (See note 9)			176,553	0	176,553	183,653
,'Fundraising	and	Development	814	0	814	48,606
Commercial	Operations		253,493	0	253,493	95,262
			783718

			Unrestricted	Restricted		Total	Total
			Funds f	Funds f		2021 F	2020
Advertising	and	marketing
expenses			64,504			64,504	77,196
Building running		costs	130,870			130,870	216,721
Support costs (See note 9)			183,653			183,653	131,524
Fundraising	and	Development	48,606			48,606	68,643
Commercial	Operations		95,262			95,262	438,889
			522,895		0	522,895	932,973

	Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
	6	6	6	6
Arts Programme	94,259	435,541	529,800	288,521
Participation	104,016	154,659	258,675	148,486
Support costs (See note 9)	654,441	378,755	1,033,196	857,446
Go33srnance costs	18,187	0	18,187	15,510
			39 3	1»9933

DITURE ON	CHARITABLE	ACTIVITIES (PR	IOR YEAR)
		Unrestricted	Restricted	Total	Total
		Funds f	Funds	2021f	2020f
Arts Programme		224,954	63,567	288,521	329,583
Participation		107,783	40,703	148,486	169,522
Inhabit		0	0	0	2,446
Support costs (See note 9)		515,629	341,817	857,446	695,283
Governance	costs	15,510	0	15,510	21,434
		883,878	448,087	1,309,963	1,218,288

he Group incurred the following charges fr	om auditors:
	2022	2021
	f	f
Auditor's fee	10,300	9,545
Other services	880	680
	11,180	10,225

Cost area						Costs of	Charitable	Governance	Total 2022
						raising funds	activities
						6	8
Professional	fees					49,030	171,604	2,229	222,863
Wages and salaries						106,461	372,612	4,839	483,912
'Staff Expenses,		Recruitment&			Training	1,782	6,238	81	8,101
Bank charges						548	1,919	25	2,492
Depreciation						0	397,512	0	397,512
, ICT Support,	Telephone			& Stationery		5,001	17,502	227	22,730
Loan Interest						8,825	0	0	8,825
Materials, Equipment			&	Sundry		4,907	17,174	223	22,304
Irrecoverable	VAT					0	48,634	0	48,634
Bad debts wriNen		off				0	0	0	0
Audit fees						0	0	8,000	8,000
Board expenses						0	0	2,563	2,563
						176,553	1,033,196	18,187	1,227,937

			Costs of	Charitable	Governan	Total	Total
Cost area			raising funds	activities	ce f	2021	2020
			6			6
Professional	fees		24,192	84,673	1,100	109,965	68,182
Wages and	salaries		126,217	441,759	5,737	573,713	464,081
Telephone	and	stationery	954	3,339	43	4,336	3,590
Staff expenses		&sundries	503	1,762	23	2,289	9,154
Bank charges			454	1,589	21	2,064	3,727
Recruitment	&training		578	2,024	26	2,628	368
Depreciation			0	301,817	0	301,817	250,580
ICT Support			3,322	11,628	151	15,102	13,008
Loan Interest			3,720	0	0	3,720	0
Volunteer expenses			0	0	0	0	4,765
Materials &	Equipment		1,004	3,513	46	4,563	5,210
Bad debt			21,182	0	0	21,182	5,827
Subscriptions and sundry			1,526	5,342	69	6,938	4,028
Audit fees			0	0	7,905	7,905	7,903
Board expenses			0	0	389	389	7,818
			183,653	857,446	15,510	1,056,611	848,241

				Average number ofemployees	Average number ofemployees
				2022	2021
				No.	No.
Group
Management,		Development	8 Administration	16	12
Arts Programme				22	7
Technicians				15	15
Engagement				19	25
Trading	Company			5	6
				77	65
				2022	2021
					5
Group
Wages	and salaries			1,032,938	976,761
Social security		costs		70,504	59,440
Pension	costs			20,969	19,723
				1,124,411	1,055,924

COMPANY AND	Branding and
GROUP	Website
COST	6
At 1 April 2021	45,635
Additions	0
Disposals
At 31 March 2022	45,635
DEPRECIATION
At 1 April 2021	11,409
Charge for year	11,734
Disposals
At 31 March 2022	23,143
NET BOOK VALUE
31-Mar-22	22,492
31-Mar-21	34,226

'GROUP	Freehold Property		Propariy Improvements	Computer Equipment		Other Equipment	'	Furniture Fixtures	&	TOTAL
COST			f	f		6		F		6
,At1 April 2021	12,284,205		378,823	179,119		383,412		444,449		13,670,008
Additions	0	'	328,582	2,917		2,009		3,653		337,160
i Disposals	0	i	0	0		0		0		0
'At 31 March 2022	12,284,205	.	707,405	182036		385421	. '	448 102		14007168
DEPRECIATION
At 1 April 2021	3,193,893		41,755	167,387		378756		443 557		4)225)348
Charge for year	245,684	'	133,071	6,376		2,513		563		388,207
Disposals	0		0	0		0		0		0
At 31 March 2022	3,439,577		174,825	173764,		381 269		444 120		4613555
NET BOOK VALUE
31-Mar-22	8,844,628		532,579	8,272		4,152		3,982		9,393,613
i 31-Mar-21	9,090,312		337,068,	11,732		4,656		892		9,444,660
COMPANY	Freehold Property	,	Property Improvements	Computer Equipment,		Other Equipment	'	Furniture Fixtures	&	TOTAL
COST	f		6	f	I	f				6
At 1 April 2021	12,284,205		378,823	179,119		376,743		437,633		13,656,523
,'AddiTions	0		328,582	2,917		2,009		3,653		33?,160
Disposals	0		0	0		0	I	0		0
At 31 March 2022	12,284,205		707,405	182036		378,752		441,286		13993683
DEPRECIATION
At 1 April 2021 Charge for year ' Disposals	3,193,893 245,684 0		41,755 133,071, 0	167,387 6,376 0,		376,743 84 0	'	436,741 563 0		4,216,519 385,778 0
IAt31 March 2022	3439577		174825	173764	'	376,827		437304		4 602 297
NET BOOK VALUE
31-Mar-22	8,844,628		532,579	8,272		1,925		3,982		9,391,386
31-Mar-21	9,090,312		337,068	11,732		(0)		892		9,440,004

		2022	2021
		8	E
Turnover		282,930	40,541
Other Operating	Income	37,119	58,064
Expenditure		(280,881)	(125,966)
Tax		(2,995)	8,073
Profit (Loss) before gift aid		36,173	(19,288)
14 STOCK
		2022f	2021 E
Group
Food &drink		3,453	1,943

	2022	2021
	E	E
Group
Trade debtors	40,813	34,674
Accrued income	257,980	47,500
'Other debtors	36,262	165,026
	335,050	247 200
Company
Trade debtors	30,823	32,980
Accrued income	257,980	41,063
Other debtors	31,184	176,940
	319987	250,983

			2022f	2021 f
Group
Trade creditors			160,352	214,550
Deferred	income		246,807	377,928
Social security		and other taxes	16,719	12,293
Accruals	and provisions		64,869	57,805
Loans			82,835	88499
			574 582	737 075
Company
Trade creditors			141,343	213,302
Deferred	income		229,948	362,857
Social security		and other taxes	10,774	11,191
Accruals	and provisions		61,695	53,688
Loans			82,835	68,499
Amounts	due to	(from) group companies	16,288	0
			542 884	709537

		2022f	2021
Group
Deferred	Capital Grant Income	0	121,153
, Otherloans		62,361	120,196
i Total		62,361	241,349
Company
Deferred	Capital Grant Income	0	121,153
,Other loans		62,361	120,196
'Total		62,361	241,349
' Included	in the above total are the following	items:
		2022 f	2021f
Maturity	ofdebt:
Amounts	falling due:
In one year or less		82,835	68,499
Between one and two years		22,342	57,835
Between two and five years		40,019	62,361
		145 196	188695

			2022f	2021f
Group
Financial	assets at	cost	584,219	475,423
Financial	liabilities	at cost	225,221	272,355
Loan commitments		at cost	145,196	188,695
Charity
Financial	assets at	cost	559,146	473,880
Financial	liabilities	at cost	244,326	266,990
Loan commitments		at cost	145,196	188,695

		Balance as at 1stAoril	Movement	in Funds	Balance as at 31stMarch
		2021	Income	Expenditure	2022
		8		6	f
1Group and	Company
1Building Development		8,459,289	698,847	378,755	8,779,381
' Participation		34,283	131,783	154,659	11,407
Arts		44,712	297,463	342,175	0
My Bluecoat		65,235	0	65,235	0
Inhabit		23,215	0	23,215	0
Fundraising	& development	4,916	0	4,916	0
		8 681 68D	1 128 D92	968 966	8 198188

					Movement	in Funds
				Balance			Balance
				1 April	Income	Expenditu	31 March
				2020		re	2021
				F		6	F
Group	and	Company
Building	Development			8,711,751	49,355	301,817	8,459,289
Participation				43,453	31,533	40,703	34,283
Arts				85,429	22,850	63,567	44,712
My Bluecoat				65,235	0	0	65,235
inhabit				23,215	0	0	23,215
Livv Social Investment			Grant	0	40,000	40,000	0
Fundraising		&development		4,916	0	0	4,916
				8,933,999	143,738	446,087	8,631,650

		,'Balance as at 1st April	Movementin	Funds		Balance as at 31st March
		2021	Income	Expenditure		2022
		E	f	f
Group
General		449,031	1,820,899	1,654,621		615,309
'Designated	Unrestricted	0	0	0	'	0
		449,031	1 020 099	1 604 621		615 309
Company
General		453,070	1,558,233	1,401,128		608,175
Designated	Unrestricted	0	0	0		0
		453 070	1 506233	1 401 128		000 175

			Movementin	Funds
		Balance 1 April 2020 f	Income Expenditure &transfers f		Balance 31 March 2021f
Group
General		178,456	1,657,344	1,386,771	449,031
Designated	Unrestricted	0	0	0	0
		178,458	1,657,344	1,386,771	449,031
Company
General		163,210	1,581,431	1,291,573	453,068
Designated	Unrestricted	0	0	0	0
		163,210	1,581,431	1,291,573	453,068

					Net Current
	GROUP			Fixed Assets	Assets (Liabilities) f	Long Term Liabilities	Total for Year
	Restricted	Funds
	Building Development			9,377,207	(597,826)		8,779,381
	Participation			0	11,407		11,407
	Arts			0	0		0
				9377207	~586479	0	8790788
	Unrestricted	Funds		38,898	641,767	(62,361)	618,304
	Total Funds			9416,105	55348	~62361	9409092
	ANALYSIS OF		NET ASSETS	BETWEEN FUNDS (PRIOR YEAR)
				Tangible	Net Current	Long Term	2021
				Fixed Assets	Assetsl (Liabilities)f	Liabilitiesf	Total
	Group
	Restricted		Funds
				9,478,88	(1,019,596)	0	8,459,290
Building Development				6
Participation				0	34,283		34,283
Arts				0	44,712		44,712
Ny	Bluecoat			0	65,235		65,235
Inhabit				0	23,215		23,215
Fundraising and Development				0	4,916		4,916
				9,478,886	(847,235)	0	8,631,651
	Unrestricted		Funds		690,380	(241,349)	449,031
				9,478,886	(156,855)	(241,349)	9,080,681

				Net Current
			Fixed Assets	Assets	Long Term	Total for Year
					Liabilities
				(Liabilities)
GROUP				f
Restricted		Funds
Building	Development		9,377,207	(597,826)	0	8,779,381
Participation			0	11,407	0	11,407
Arts			0	0	0	0
			9377 207	~588419		8 790788
Unrestrkted		Funds	38,898	638,772	(62,361)	615,309
Total Funds			9416105	52 363	~62 331	94tl6 tl97

				Tangible	Net Current	Long	2021
				Fixed Assets	Assetsl	TeI'nl	Total
					(Liabilities)f	Liabilitiesf	f
	Company
	Restricted		Funds
Building	Development			9,474,231	(1,014,941)		8,459,290
Participation				0	34,283		34,283
Arts				0	44,712		44,712
f4y Bluecoat				0	65,235		65,235
Inhabit				0	23,215		23,215
Fundraising		and Development		0	4,916		4,916
				9,474,231	(842,580)	0	8,631,651
	Unrestricted		Funds	0	694,417	(241,349)	453,068
				9,474,231	(148,163)	(241,349)	9,084,720

	2022 F.	2021 f
Expiry date:
Not later than one year	2,612	2,612
Later than one year and not later than five years	1,088	3,700

At 31 March	2022	the charity	the charity	the charity	had	capital commitments	capital commitments	as follows:
									2022f	2021 f
Contracted	for but		not provided			in the financial statements:
Acquisition	of property,			improvements			and fixtures and fittings		9,001	248,604
26 PRIOR YEAR COMPARATIVE SOFA
					Notes		unrestricted Funds &	Restricted Funds 6	Total Funds 202521 8	Total Funds 2019/20 6
/tie orna
Other trading activties					3		282,550	0	282,550	808,316
Donations and	legaoes				4		2,604	0	2,604	8,463
income from charitable		actmaies			5		1,372,189	143,738	1,515,928	967,744
Total							N7N4	43738	01002	170002
Expend/cure
Expendlure on	raising funds				6		522,895	0	522,895	932,973
Expendture on	charitable		adiviues		7		863,876	446,087	1,309,963	1,218,268
Total							I M771	446 M7	I N28M	2161 41
Net Incoming/(outgoing)
resources for	the year		and net				270,673	(302,349)	(31,776)	(366,718)
movement In	funds
Balance b/f							178,458	8,933,999	9,112,457	9,479,174
Balance c/f							40003	0.63100	9,M	I 4