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|||||||||
|---|---|---|---|---|---|---|---|
|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|
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||||||||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|
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||||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|
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||||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|
##
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||||||||||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|
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|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|
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