WW_AnnualReport_2020_Final

Finances
This finance report covers the two
full financial years of Without Walls
activity as a National Portfolio
Organisation of Arts Council
England: 1 April 2018 -
31 March 2019 and 1 April 2019 - 31
March 2020.
Income
Grants 1,200,000 1,394,662
Income generated from fundraising 20,500 3,500
Earned Income 86,783 40
Programme & Projects
1,307,283 1,398,202
R&D Grants 100,833 179,840
Artists Support Grants 201,661 71,974
Touring Subsidies 388,733 304,720
Residency Partner Subsidies 9,200 -
Wellcome Collection Residency 6,470 -
Audience Development 42,320 74,254
Partner Meetings 45,809 29,271
Marketing, PR & Advocacy 23,678 19,590
Access Initiatives 20,984 4,040
Creative Case Initiatives 20,874 7,884
Special Initiatives & Training 31,189 1,864
Research & Evaluation 16,996 12,671
Website 5,439 14,331
Administrative expenses
General administrative expenses:
2020
£
914,186 720,439
Management Costs 347,668 354,328
VAT refund (15,133) -
Bad debts 1,000 -
Sub Total 333,535 354,328
2019
£
Income 2018-20
Over the two financial years covered by this
report, Without Walls has generated an income of
£2,705,485.
This was primarily achieved through the support
of Arts Council England, who began regular
funding of Without Walls as a National Portfolio
Organisation in 2018.
Income was also generated through subscriptions
to our Touring Partnership Network and Creative
Development Network and through grants from
trusts and foundations. The value of income from
subscriptions and grants increased from £3,500
in 2018/19 to £107,250 in 2019/20.
3%
Earned Income (Subscriptions)
7%
ACE ATN Grant
Without Walls has
generated an income of
2018-2020
Report
£2,705,485
which has led to further
partner investment of
£781,482
Legal and professional costs:
Internal Audit fees - 3,224
Governance 35,529 20,811
Other legal and professional 3,954 14,847
Sub Total 39,483 38,882
1%
Income generated from
fundraising
Total Expenditure 1,287,204 1,113,649
Opening Funds 421,195 136,642
Profit/(Loss) 20,079 284,553
89%
NPO grant
Closing Funds 441,274 421,195
made up of
Without Walls Consortium Ltd.
Detailed profit and loss account
for the year ended 31 March 2020
Funds carried forward 304,631 298,884
Reserves as per Reserves Policy 115,000 -
Unrestricted Funds 21,643 122,311
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