2021-03-31-accounts - Leicester Arts Centre Limited

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		Page
Company Information
Report ofthe Directors		2-7
Report ofthe Independent Auditors		8-10
Statement of Financial Activities -	Charity
Statement of Financial Activities -	Group	12
Balance Sheet		13
Notes to the Financial Statements		14-23
The following is not part ofthe statutory		financial statements
Detailed Income and Expenditure	Analysis	24-25

							CHARITY	CHARITY
					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
					2021	2021	2021	2020
				Note	E		6	6
Incoming Resources from	generated		funds
Voluntary income
Grants received					251,327	1,293,097	1,544,424	553,607
Intangible income —rent free		use ofpremises			110,500		110,500	110,500
Investment Income
Bank interest					10		10	88
GIR aid from subsidiary					66,206		66,206	260,293
Incoming Resources from	Charitable
Activities
Box Office (charitable trading		income)			27,398		27,398	618,277
Other income from operating		activities			147,144		147,144	106,826
Total Incoming Resources					602 585	1,293,097	1 895,682	1 649 591
Resources Expended
Costs ofgenerating funds Premises costs —intangible					110,500		110,500	110,500
Cost ofCharitable activities
Live performance and education								97,161
Film hire					18,184	420	18,604	212,630
Wages, salaries and Social Security					329,968	491,440	821,408	710,351
Project management					(489,464)	489,464
Marketing and publicity					30,397	104	30,501	74,575
Premises costs —Centre					85,802	10,000	95,802	144,353
Depreciation					28,766	2,255	31,021	38,309
Irrecoverable debt
Supplies and services Governance costs					169,633 4,511	10,372	180,005 4,511	176,020 4,512
Total resources expended					288,297	1,004,055	1 292,352	1,568,411
Net (outgoing)/incoming	Resources				314,288	289,042	603,330	81,180
Transfers				12
Net Movement on Funds					314,288	289,042	603,330	81,180
Total funds brought forward					295,425	272,953	568,378	487,198
Total funds carried forward				14	609,713	561,995	1,171,708	568,378

								GROUP	GROUP
					Unrestricted	Restricted		Total	Total
					Funds	Funds		Funds	Funds
					2021	2021		2021	2020
				Note		E		E	f
Incoming Resources from	generated		funds
Voluntary Income
Grants received					251,327	1,293,097		1,544,424	553,607
Intangible income —rent free		use ofpremises			110,500			110,500	110,500
Investment Income					10			10	88
Activities for Generating Funds
Income oftrading subsidiary					135,568			135,568	812,575
Incoming Resources from	Charitable
Activities
Box Office (charitable trading		income)			27,398			27,398	618,277
Other income from operating		activities			138,612			138,612	98,294
Total Incoming Resources					663415	1293	097	1,956,512	2,193,341
Resources Expended
Costs ofgenerating funds
Trading subsidiary cost ofsales					35,713			35,713	428,632
Trading subsidiary overhead		costs			24,256			24,256	113,092
Premises costs —intangible					110,500			110,500	110,500
Cost ofCharitable acfhrlties
Live performance and education									97,161
Film hire					18,184		420	18,604	212,630
Wages, salaries and Social Security					329,968	491,440		821,408	710,351
Project management					(489,464)	489,464
Marketing and publicity					30,397		104	30,501	74,575
Premises costs —Centre					85,802	10,000		95,802	144,353
Depreciation					33,394	2,255		35,649	43,163
Irrecoverable debt
Supplies and services					169,633	10,372		180,005	176,020
Governance costs					4,511			4,511	4,512
Total resources expended					352,894	1,004,055		1,356,949	2,114,989
Net (outgoing)/incoming	Resources				310,521	289,042		599,563	78,352
Transfers				12
Net Movement on Funds					310,521	289,042		599,563	78,352
Total funds brought forward					306,778	272,953		579,731	501,379
Total funds carried forward				14	617,299	561,995		1,179,294	579,731
All incoming resources and resources expended				dedive from	continuing activities.

Tangible Fixed Assets
Fixed Assets are stated at cost less depreciation.	Depreciation	is provided	at the following	annual	rates
in order to write offeach asset over its estimated	useful life:
Theatre Equipment - 20% on	cost
Office and IT Equipment - 20%/33.3%/50% on cost
Catering Equipment - 20% on	cost

		CHARITY	CHARITY		GROUP	GROUP
		31March	31	March	31 March	31	March
		2021 f	2020 f		2021		2020 f
Wages and salaries		759,471	644,410		759,471		644,410
Social Security	costs	30,220		39,270	30,220		39,270
Pension contributions		31,717		26,671	31,717		26,671
Direct Wages	ofsubsidiary
company					20,403		182,763
Administrative	salaries ofsubsidiary
company					18,486		92,398
		821,408	710,351		860,297		985512

e average	monthly number o	f FTEemployees during th	f FTEemployees during th	e year wa	s as follows:	s as follows:
		CHARITY			GROUP
		31 March	31	March	31 March	31	March
		2021 f	2020 f		2021 f		2020 f
Charitable	Activities	37		30	37		30
Generating	Funds				5		19
		37		30	42		49

NGIBLE FIXEDASSETS
						CHARITY
	2020 Project Costs f	Theatre Equipment f	Catering Equipment f	Office & IT Equipment f		Totals f
COST OR VALUATION. '
At 1 April 2020	374,788	523,417		118,103		1,016,308
Additions	405,706					405,706
Disposal
At 31 March 2021	780494	523,417		118103		1,422 014
DEPRECIATION:
At 1 April 2020		437,731		108,647		546,378
Charge for year		25,755			5,266	31,021
Charge on disposals
At 31 March 2021		463,486		113,913		577,399
NET BOOK VALUE:
At 31 March 2021	780,494	59931			4 190	844,615
At 31 March 2020	374,788	85686			9456	469,930
						GROUP
	2020 Project Costs	Theatre Equipment	Catering Equipment f	Office &IT Equipment f		Totals f
COST OR VALUATION:
At 1 April 2020	374,788	523,417	79,042	118,103		1,095,350
Additions	405,706					405,706
Disposal
At 31 March 2021	780,494	523417	79,042	118,103		1 501 056
DEPRECIATION:
At 1 April 2020		437,731	66,831	108,647		613,209
Charge for year		25,755	4,628		5,266	35,649
Charge on disposals
At 31 March 2021		463,486	71 459	113,913		648 858
NET BOOK VALUE:
At 31 March 2021	780.494	59.931	7,583		4 190	852,198
At 31 March 2020	374,788	85,686	12211		9456	482,141

EBTORS	:AMOUNTS	F	ALLING D	UE WITHIN ONE YEAR	UE WITHIN ONE YEAR	UE WITHIN ONE YEAR
				CHARITY			GROUP
				31March	31March		31 Starch	31March
				2021		2020	2021		2020
				E		E	E		E
Trade, grant and agents			debtors	5,126		29,657	63,466		38,807
Due from	subsidiary	company		103,112		5,463
VAT				68,067			59,685
Prepayments and other			debtors	98,191		17,100	98,731		17,324
				274,496		52,220	221,882		56,131
REDITOR	S: AMOUNTS		FALLING	DUE WITHIN ONE YEAR
				CHARITY			GROUP
				31March	31 March		31 March	31March
				2021 f	2020 E		2021 f	2020 E
Trade creditors				41,921		59,758	41,623		67,827
Amounts	owed to subsidiary
company
Other creditors				38,335		1,515	38,335		9,833
VAT						4,697			4,697
Social Security and		other taxes		18,733		23,194	18,733		62,420
Hire purchase				14,307		13,153	14,307		13,153
Deferred	income (Note 10)			1,130		37,430	1,130		37,430
Bank Loan (CBILS)				37,500			37,500
Accrued	expenses			38,709		67,633	46,772		67,633
				190,635	207,380		198,400	262,993
REDITO	RS: AMOUNTS		FALLING	DUE IN OVER ONE		YEAR
				CHARITY			GROUP
				31 March	31	March	31 March	31	March
				2021	2020		2021	2020
						E	E		6
Bank Loan (CBILS)				212,500			212,500
Hire purchase				1,431		14,421	1,431		14,421
				213,931		14,421	213,931		14,421

						Unrestricted	Restricted	Total	Total
						31 March	31 March	31 March	31 March
						2021	2021	2021	2020
						6	6		6
Incoming resources		from generated			funds
Grants received/receivable
FHCE							23,320	23,320	12,600
Film Hub Midlands							1,000	1,000
LLEP
National Lottery							(3,350)	(3,350)	9,750
Leicester City Council						215,370		215,370	215,370
Leicester City Council Recovery				&	Support	31,457		31,457
DMU Digital Growth									10,833
Carbon Trust
HMRC CJRS							437,777	437,777
Arts Council England							410,300	410,300
BFIGrant							337,310	337,310	214,400
ACE NPO Funding							85,740	85,740	83,880
Other grants						4,500	1 000	5,500	6,774
Total grants						251,327	1 293097	1,544,424	553,607
Intangible income	—rent free use				of premises	110,500		110,500	110,500
Incoming resources		from charitable			acti sties
Box Office						19,954		19,954	589,549
Education events						7,444		7,444	28,728
Total box office						27,398		27,398	618,277
Otherincome from	operating		activities
Screen advertising						148		148	29,596
Management Service Level			Agreements			48,448		48,448	57,358
Donations						17,175		17,175	16,456
Sundry income						81,373		81,373	3,416
Total other						147,144		147,144	106,826
lnvestmentincome
Bank interest						10		10	88
Gift aid from subsidiary									260 293
Total investment	income					10		10	260,381
Total incoming resources						536,379	1,293,097	1,829,476	1,649,591

			Unrestricted	Restricted	Restricted	Total	Total
			31 March	31 March		31 March	31 March
			2021f	2021 6		2021	2020
Travel and subsistence			153			153	7,034
Training			1,155			1,155	1,170
Recruitment							600
Telephone &broadband			14,245		248	14,493	15,848
Office equipment, hire ofequipment		and
premises expenses			3,047			3,047	1,740
IT Costs			45,366			45,366	46,745
Postage and stationery			273		2	275	3,807
Bank and PDQ charges			4,173		122	4,295	17,286
Hire purchase interest			1,679			1,679	2,286
Licences, memberships	and running	costs	3,608			3,608	8,663
Insurance			20,043			20,043	17,284
Accountancy Legal and Professional	fees		48,391 27,500	10,000		48,391 37,500	53,040 517
			169633	10	372	180005	176,020

				Unrestricted	Restricted	Tots I	Tote I
				31 March	31 March	31 March	31 March
				2021	2021	2021	2020
				6		E
Audit	and	accountancy	fees	4,511		4,511	4,512
Legal	and	consultancy
				4,511		4 511	4,512