2022-03-31-accounts

Trustees			Matthew Balnaves
			Ruth Catlow	(Appointed	22 February 2022)
			Alvaro Costela Sanchez	(APPointed	22 February 2022)
			Chloe Courtney	(APPointed	22 February 2022)
			Jernice Easthope
			M*leka Egeonu-Roby	(Appointed	22 February 2022)
			Sheralee Lockhart
			Lisa Middleton	(APPointed	22 February 2022)
			Bea Freeman	(Appointed	17May 2022)
			Suzie Lawes (Chair)	(APPointed	13September 2022)
Secretary			Nicola Tnscott
Senior staff
Chief Executive			Nicola Tnscott
l lead of	Programme		Maitreyi Maheshwarl
Head of	Business &Operations		James Hammond
Charity	number		702781
Company		number	02391843
Registered		offic	The FACT Centre
			88 Wood Street
			Li vs rpod
			L1 4DQ
Auditor			DSG
			Castle Chambers
			43 Castle Street
			Liverpool
			L2 9TL
Bankers			Natwest Bank
			City Office
			2-8 Church Street
			Liverpool
			L1 3BG

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
		Notes	f	f	6	f	f	f
Income from:
Donabons and	legames		1,453,129		1,453,129	1,237,438		1,237,438
Charitable activities			389,665	167,962	557,627	358,321	111,785	470,106
Other trading activrbes			12,847		12,847	900		900
Total income			1,855,641	167,962	2,023,603	1,596,659	111,785	1,708,444
Raising funds			277,446		277,445	236,668		236,668
Chantable acbvibes			1,128,258	263,201	1,391,459	1,179,614	207,025	1,386,639
Total expenditure			1,405,704	263,201	1,668,905	1,416,282	207,025	1,623,307
Net Incoming/(outgoing)
resources before transfers			449,937	(95,239)	354,698	180,377	(95,240)	85,137
Gross transfers	between
funds			3,473,895	(3,473,895)
Net Incomel(expenditure)		for the
year/
Net movement	in funds		3,923,832	(3,569,134)	354,699	180,377	(95,240)	85,137
Reconclgatlon	offunds
Fund balances	at 1 Apnl 2021		380,867	3,569,134	3,950,001	200,490	3,664,374	3,864,864
Fund balances	at 31 March 2022
			4,304,699		4,304,699	380,867	3,569,134	3,950,001

				2022		2021
			Notes	6		6
Fixed assets
Intangible assets			12		3,787		11,361
1angible assets			13		3,575,341		3,676,158
Investments			14		1		I
					3,579,129		3,687,520
Current assets
Debtors			16	469,710		203,893
Cash at bank and	in	hand		649,184		531,044
				1,118,894		734,937
Liabilities
Creditors amounts		falhng due within one year
			17	(351,740)		(415,981)
Net current assets					767,154		318,956
Total assets less	current liabilities				4,346,283		4,006,476
Creditors: amounts		faglng due after more
than one year			18		(41,584)		(56,475)
Total net assets					4,304,699		3,950,001
The funds ofthe	charity
Restncted funds			20				3,569,134
Unrestricted funds
Designated funds			21	3,865,416		290,075
General unrestncted		funds		439,283		90,792
Total unrestncted	funds				4,304,699		380,867
Total charity funds					4,304,699		3,950,001

							2022		2021
						Notes	9		6
Cash flows from operating		actMtles
Net cash provided by operations						26		160,929		545,293
Investing	activities
Purchase	oftangible fixed assets						(24,336)		(12,504)
Proceeds	from disposal of tangible			fixed	assets
							(458)		3,335
Net cash	used in investing	activities						(24,794)		(9,169)
Financing	activities
Repayment	of borrovnngs								21,124
Repayment	of bank loans						(2,346)		14,283
Net cash	(used in)/generated		from financing
activities								(17,995)		35,407
Net increase in cash and		cash equivalents						118,140		571,531
Cash and	cash equivalents	at beginning			ofyear			531,044		(40,487)
Cash and	cash equivalents	at	end of		year					531jM4

		Unrestricted	Unrestncted
		funda	funds
		2022	2021
		8	f
Donations and grhs		2,904	1,798
Grants receivable		1,450,225	1,235,640
		1,453,129	1,237,438
Grants receivable for core activities
Arts Council	England	1,024,418	1,024,418
Liverpool City Council		99,164	99,164
HMRC CJRS grant		19,547	112,058
Kickstarter	grant	48,703
LCC capital	grant	33,000
ACE cultural	recovery grant	198,803
Other		26,590
		1,450,225	1,235,640

					2022	2021
					6	6
	Income within		chantable	actvibes	389,665	358,321
	Performance		related grants		167,962	111,785
					557,627	470,106
	Analysis by	fund
	Unrestncted	funds			389,665	358,321
	Restncted funds				167,962	111,785
					557,627	470,106
5	Other trading		actlvltles
					Unrestricted	Unrestncted
					funds	funds
					2022	2021
					6	f
	Event management				12,847	900
6	Raising funds
					Unrestricted	Unrestncted
					funds	funds
					2022	2021
					6	F
	Staff costs				56,030	45,009
	Support costs				77,634	73,320
	Fundraising	and pubbmty			133,664	118,329

6	Ralslng funds				(Continued)
	T~radm costs
	Other trading acbvibes			32,083	16,105
	Staff costs			17,992	14,453
	Support costs			93,707	87,781
	Tradmg costs			143,782	118,339
				277,446	236,668
7	Charitable actlvltles
				2022	2021
				f	f
	Staff costs			266,208	213,847
	Other chanteble	expenditure		212,767	314,608
				478,975	528,455
	Share of support	costs (see note 8)		894,158	844,466
	Sharc ofgovernance		costs (see note 8)	18,326	13,718
				1,391,459	1,386,639
	Analysis by fund
	Unrestncted funds			1,128,258	1,179,614
	Restricted funds			263,201	207,025
				1,391,459	1,386,639

Support	costs
		Support costs	Governance	2022Support costs		Governance	2021
			costs 6			costsf
Staff costs		574269	12,090	586,359	471,026	9,712	480,738
Depremabon		133185		133,185	136,429		136,429
Premises	costs	271 068		271,068	284,042		284,042
Office and	(Tcosts	26272		26,272	84,090		84,090
Markebng	costs	34 171		34,171	26,575		26,575
Staff related costs		22 868		22,868	661		661
Audit fees			9,902	9,902		6,750	6,750
		1,061 833	21,992	1,083,825	1,002,823	16,462	1,019,285
Analysed	between
Fundraisin9		77634		77,634	73,320		73,320
Tradmg		90041	3,666	93,707	85,037	2,744	87,781
Chantabte	acbvrbes	894 158	18,326	912,484	snn,nss	13,718	858,184
		1,061 833	21,992	1,083,825	1,002,823	16,462	1,019,285

The average	The average	monthly	number	number	ofemployees	ofemployees	dunng the	year was
									2022	2021
									Number	Number
Fundraising		and development							2	2
Chantable	acbvites								13	12
Commeroal		operations							4	4
Support activities									16	10
Casual staff									8	10
Total									43	38
Employment		costs							2022	2021
									8	8
Wages and		satanas							849,033	673,908
Social security costs									61,448	56,779
Other pension costs									16,108	13,648
									926,589	744,335
The number		ofemployees		whose annual		remuneration		was more than 660,000 is as
follows
									2022	2021
									Number	Number
f70,001 to	f80,000

16	Debtors
						2022	2021
	Amounts falling due			within one year:		6	6
	Trade debtors					175,482	41,571
	Amounts owed		by fellow group undertakings			7,386	4,827
	Other debtors					185,146	127,342
	Prepayments	and accrued mcome				101,696	30,153
						469710	203,893
17	Creditors: amounts			falling due within one year
						2022	2021
					Notes	6	8
	Bank loans				19	9,570	2,500
	Other borrowtngs					5,475	15,649
	Other taxation		and somal secunty			394	14,241
	Trade creditors					46,143	57,089
	Other creditors					36	(359)
	Accruals and	deferred		incorue		290,122	326,861
						351,740	415,981

Credi	tors: amounts falling due after more	than one year
			2022	2021
		Notes		6
Bank	loans	19	38,084	47,500
Other	borrowings			5,475
Other	creditors		3,500	3,500
			41,584	56,475

19	Loans	and overdrafts	and overdrafts
				2022	2021
				8	8
	Bank loans			47,654	50,0tl
	Otherloans			5,475	21,124
				53,129	71,124
	Payable	wnhin	one year	15,045	18,149
	Payable	after	one year	38,084	52,975

			Balance et	Transfers	Balance at	Transfers	Balance at
			1 April 2020		1 Apnl2021		31 March 2022
			f.		f
Capital	expenditure			240,000	240,000		240,000
Artist residency		support		50,075	50,075		50,075
Tangible	fixed	asset fund				3,575,341	3,575,341
				290,075	290,075	3,575,341	3,865,416

Analysis of net	assets be	tween funds
		Unrestricted	Restricted	Total	Unrestncted	Restncted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
			f	f	f	f	f
Fund balances	at 31
March 2022 are
represented by:
Intangible fixed	assets	3.787		3,787	11,361		11,361
Tangible assets		3,575341		3,575,341	107,024	3,569,134	3,676,158
Investments		1		I	1		1
Current assets/(liabtlrbes)		767,154		767,154	318,956		318,956
Long term liabilities		(41 584)		(41,584)	(56,475)		(56,475)
		4,304699		4,304,699	380,867	3,569,134	3,950,001

	Remuneration of key	management	personnel	personnel
	The remuneration of key management		personnel		is as follows
						2022	2021
						E	E
	Aggregate remunerabon					165,841	164,072
	There were no other related party transactions			in	lhe year
26	Cash generated from	operations				2022	2021
							E
	Net income for the year	(as per the statement		of	finance( activities)	354,698	85,137
	Adjustments for
	Loss/(gain) on disposal	oftangible axed assets				458	(441)
	Amorbsabon of mtangible assets					7,574	7,574
	Depremabon oftangible	fixed assets				125,153	129,296
	Movements in working	capital:
	(Increase)/decrease in	debtors				(265,617)	262,671
	(Decrease)/increase in	creditors				(61,137)	61,056
	Net cash provided by	operating activities				160,929	545,293
27	Company gmlted by guarantee