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2023-03-31-accounts
1. Objectives
&Activities		 Page 1
2. Public Benefit Page 2
3. Achievements
& Performance
3.1 Shows & Creative Projects		 Page
Page		 3 -12
4-8
3.2 Exploration Page 9
3.3Creative
Diversity		 Page 10
3.4 Driving Change Page 10 - 11
3.5 Resilience Page 11 - 12
4. Financial
Review 2022-23		 Page 12 - 13
4.1 Financial
Review		 Page 12 - 13
4.2 Going Concern Page 13
4.3 Investment
Powers		 & Policy Page 13
4.3 Reserves'
Policy		 Page 13
5. Future Plans Page 14
6. Structure,
Governance		 & Management Page 15- 16
6.1 Governing
Document		 Page 15
6.2 Governance
& Management		 Page 15
6.3 Related Parties Transactions Page 15
6.4 Risk Management Page 15-16
7. Reference 8 Administrative details Page 16-17
8. Independently
examined		 financial statements Page 18 - 28

THE OILY CART COMPANY THE OILY CART COMPANY THE OILY CART COMPANY THE OILY CART COMPANY Page 19
(Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31stMARCH 2023
General Designated Restricted Capital Total General Designated Restricted Capital Total
Funds Funds Funds Funds Funds Funds Funds Funds Funds Funds
note 2023 2022
INCOME from
Grants and Donations 2a 506,536 171,107 677,643 393,336 40,107 433,443
Investments 2b 1,304 1,304 277 277
Charitable
Activities		 2c 69,275 69,275 78,468 78,468
Other Income 2d ~8053 8,053 4,151 4 151
TOTAL INCOMING RESOURCES 2e 585,]68 171,107 756,275 ~476 232 40 107 516,339
EXPENDITURE ON:
Charitable
Activities		 3 591,954 131,663 723,617 485,360 46 563 531923
TOTAL EXPENDITURE 591,954 ~131663 ~723 617 485,360 46 56' 531,923
NKT INCOME
/ (EXPENDITURE)
BEFORETRANSFERS (6,786) 39,444 32,658 (9,128) (6,456) (15,584)
TRANSFER BETWEEN FUNDS
From Capital Fund 20,230 (20,230) 20,230 (20,230)
ToDesignated
Fund		 (10,000) 10,000 (5,000) 5,000
NKT INCOME
/ (EXPENDITURE)
AFI'ER TRANSFERS 3444 10000 39444 ~20 2"0 32658 6102 5 000 ~6456 ~20 230 ~15 584
SUMI BALANCES 131 1M I 2022 184876 50 000 65107 254 282 554 265 178774 45 000 7156" 274512 569849
SUNUBALANCES 131NM 021123 5. 1883205 600000 1045511.2340521. 5869238 1848761. 500004 651078 2542826 554265
note Sb Sd Sc Sa

2023 2022
FIXEDASSETS
Leasehold Premises Improvements (note 4a) 234,052 254,282
Equipment
(note 4b)		 744 992
Motor Vehicles (note 4c) 4,230 5,639
239,026 260,913
CURRENT ASSETS
Debtors (note 10) 132,364 26,694
Cash at bank and in hand 253,939 343,504
386,303 370,198
CURRENT LIABILITIES
Creditors: Amounts falling due within one year (note 11) (38,406) (76,846)
EXCESSOF CURRENT ASSETSOVER CURRENT LIABILITIES 347,897 293,352
EXCESSOFASSETSOVER LIABILITIES 586,923 X 554,265
Represented
by:
INCOME AND EXPENDITURE ACCOUNT / GENERAL FUND (note 5b) 188,320 184,876
CAPITAL FUND (note 5a) 234,052 254,282
RESTRICTED FUNDS (note 5c) 104,551 65,107
DESIGNATED FUND (Note 5d) 60,000 50,000
TOTAL CHARITY FUNDS 586,923 K 554,265

2023 2022
CASH FLOW FROM OPERATING ACTIVITIES
Net Income for the reporting period (6,786) (9,128)
Depreciation
/ Amortisation		 21,887 22,439
Decrease / (Increase) in debtors (105,613) (5,310)
(Decrease) / Increase in creditors (38,441) 42,049
Funds received for future periods (Restricted) 39,388 (6,456)
Net cash inflow (outflow) from operating activities (89,565) 43,594
NET CASH MOVEMENT (89,565) 43,594
Cash at 1stApril 2022 343,504 299,910
Cash at 31stMarch 2023 253,939 343,504
NET CASH MOVEMENT (89,565) 43,594

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2023 Funds Funds 2022
Direct Activities Costs 276,540 131,663 408,203 178,830 46,563 225,393
Advertising, Publicity and Marketing 16,290 16,290 19,988 19,988
Staff Salary Costs (inc. Artistic salaries) 199,800 199,800 179,315 179,315
Depreciation / Amortisation 21,887 21,887 22,439 22,439
Other Support Costs - administration,
overheads etc 71,019 71,019 79,381 79,381
Legal and Professional Costs 6,418 6,418 5,407 5,407
f 591,954 f, 131,663 8 723,617 485,360 f. 46,563 X 531,923
TOTAL EXPENDITURE 723,617 531,923

4 Fixed Assets
a Improvements to Leasehold Premises (see also note 5a)
Cost: As at 31stMarch 2022 433,572
Additions
during the year		 433,572
Less Amortisation
as at 31stMarch 2022		 179,290
Amortisation
charge for the		 year to 31st March 2023 20,230 199,520
NET BOOK VALUE at 31stMarch 2023 234,052
b Equipment
Cost: As at 31stMarch 2022 48,583
Additions
during the year		 48,583
Depreciation: As at 31stMarch 2022 47,591
Charge for year to 31stMarch 2023 248 47,839
NET BOOK VALUE at 31stMarch 2023 744
c Motor Vehicles
Cost: As at 31stMarch 2022 47,204
Additions
during the year		 47,204
Depreciation: As at 31stMarch 2022 41,565
Charge for year to 31stMarch 2023 1,409 42,974
NET BOOK VALUE at 31stMarch 2023 4,230
5 Fund Balances
a Capital Fund (established
for Building Fund for Improvement		 to
Leasehold Premises)
Balance at 1st April 2022 254,282
Amortisation for year to 31stMarch 2023 (20,230) 234,052
Balance at 31stMarch 2023 234,052
b General Fund - K1SS,320
The surplus
accumulated
is in line with the		 Company's policy on reserves
and is retained in order to continue
the development		 of the Company's work
(see Trustees' Report).
c Restricted Fund - f104,551
Grants have been received from charitable trusts for artistic projects which
are planned
for future years.
2022 2023
Brought Incoming Outgoing Transfers Carried
Forward Resources Resources Foward
Garfield Weston Foundation 25,000 25,000
Paul Hamlyn
Foundation		 126,000 31,500 94,500
National Heritage Lottery Fund 40,107 40,107 73,163 7,051
Victoria Wood Foundation 5,000 2,000 3,000
65,107 K 171,107 X 131,663 K 104,551

2023 2022
The True Colours Trust 30,000
Anonymous 5,000 15,000
Leathersellers
Company		 Charitable Fund 20,000
BBCChildren
In Need		 32,186 31,686
Esmee Fairbairn
Foundation		 30,000 7,500
The Rix-Thompson
Rothenberg		 Foundation 6,563
Garfield Weston Foundation 25,000 25,000
National
Heritage Lottery		 Fund 73,163
Paul Ham lyn Foundation 31,500
Victoria Wood Foundation 2,000
The Hedley Foundation 3,000
201,849 K 135,749
b Sundry Donations
2023 2022
Miscellaneous
donations		 1,339 1,505
1,339 K 1,505
7 Grants Receivable 2023 2022
a Arts Council England,
London,		 offered a Revenue Grant 291,849 K 291,849
b It is confirmed
that the Revenue		 Grant received from London
Borough ofWandsworth was expended on creation and
presentation
ofperformance		 projects engaging with children
with disabilities,
and training		 of teachers within the London
Borough ofWandsworth. 11,499 10,796
303,348 K 302,645

2023 2022
Salaries -Artistic 124,665 111,324
- Administration 52,350 48,209
National Insurance 18,222 15,762
Pension Fund Contributions 4,563
199800j		 4,020
179,315
2023 2022
Total remuneration ofkey management personnel in the year was 102,743 K 87,372

10 due from the company
Debtors		 and amounted to $4,563 (2 02 2 —54,000 ).
2023 2022
Trade Debtors 8,866 6,838
Prepayments 13,007 10,264
Grants due 102,521
Other Debtors 3,454 5,194
Revenue and Customs - VAT 4,516 4,398
K 132,364 X 26,694
11 Creditors
2023 2022
Trade Creditors 12,217 18,614
Revenue
and Customs		 -PAYE 4,461 3,616
Sundry Creditors 5,122 5, 152
Deferred Income 30,000
Accruals 16,606 19,464
38,406 6 76,846
12 Fund Balances
Net Assets are held for the various funds as follows:
General Designated Restricted Capital TOTAL
Fund Fund Fund Fund FUNDS
Fixed Assets 4,974 234,052 239,026
Current Assets 221,752 60,000 104,551 386,303
Current Liabilities (38,406) (38,406)
FUND BALANCES at 31/03/2023 188,320 E, 60,000 K 104,551 f. 234,052 5, 586,923
FUND BALANCES at 31/03/2022 184,876 f. 50,000 K 65,107 K 254,282 X 554,265

Net Income
/ (E		 xpenditure)
2023 2022
Net Income
/ (Expenditure)		 is stated after charging
Independent Examiner's fees —current year 2,000 2,000
Independent Examiner's -other services - current year 2,250 2,250
Depreciation / Amortisation
ofTangible Fixed Assets		 22,439 22,439