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|CONTENTS|||||PAGES|
|---|---|---|---|---|---|
|Company
Information||||||
|Chair's Report||||||
|Directors' Report|||||4 โ14|
|Independent
Auditor's
Report|||||15โ18|
|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 โ42|
##
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##
|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|||
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||||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||||||||
##
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##
||||||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|
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||||Unrestricted
Fundsf|Restricted
Fundsf|Total 2022
6|Total 2021
6|
|---|---|---|---|---|---|---|
|Income|from rents and room hires||259,568|0|259,568|208,203|
|Government
Grants|||65,519|0|65,519|58,064|
|Catering|Outlet Income||282,930|0|282,930|16,000|
|BoxOffice & Merchandise||Income|3 602|0|3602|285|
||||611619|0|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|1ยป9933|
##
|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|