2023-03-31-accounts - Emergency Exit Arts

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	Io	8
Report ofthe Independent Auditom		9	io	12
Statement ofFinancial	Activities		13
Statement ofFinancial	Position		14
Statement ofCash Flows			15
Notes to the Statement	ofCash Flows		16
Notes to the Financial	Statements	17	to	24
Detailed Statement of	Financial Activities	25	to	26

TRUSTEES	Ms D KSegal (Chair)
	Ms R Folkes (appointed	7.12.22)
	Ms C Forest (appointed	7.12.22)
	Ms R Hirani (appointed 15.2.23)
	Ms M V Kinkaid (appointed 7.12.22)
	M Lowde (appointed 7.12.22)
	Ms M C Steiner
	DrSThomas
	Ms MJWilds
	Ms T Hoey (resigned 6.10.22)
	Ms VJones (appointed 13.9.23)
	R A N Messiah (resigned 8 M Mcknight (resigned	7.12.22) 6.10.22)
	R Muncaster (resigned 15.6.22)
	Ms EJ Parkinson (resigned 14.6.23)
REGISTERED OFFICE	Rothbury Hall
	Azof Street
	Greenwich
	London
	SE10OEF
REGISTERED COMPANY	02609490 (England and	Wales)
NUMBER
REGISTERED CHARITY	1004137
NUMBER
INDEPENDENT AUDITORS	Ardor Business Solutions	Limited
	Statutory Auditors
	Chartered Certified Accountants
	Unit 1
	Shnne Barn
	Sanding Road
	Hythe
	Kent
	CT21 4HE
BANKERS	CAF Bank Ltd
	25 Kings Hill Avenue
	Kings Hill
	West Mailing
	ME194JQ
EXECUTIVE DIRECTOR	Ms J Hodgson
ACCOUNTANTS	Additude Ltd
	9Rhapsody Court
	Wakeman Road
	London NW10 5DF

	fort	he Year E	nded 31March	2023
					31/3/23	31/3/22
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6	6	6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	120,694	238,176	358,870	310,331
Charitable activities		4
Arts activities and projects			1,090,903		1,090,903	660,677
Investment income		3	3,135		3,135
Total			1,214,732	238,176	1,452,908	971,052
EXPENDITURE ON
Raising funds		5	106,137		106,137	99,205
Charitable activities
Arts activities and projects			1,108,384	238,176	1,346,560	835,977
Total			1,214,521	238,176	1,452,697	935,182
NET INCOME			211		211	35,870
RECONCILIATION OF FUNDS
Total funds brought forward			183,842		183,842	147,972
TOTAL FUNDS CARRIED FORWARD			184,053		184,053	183,842

				31/3/23	31/3/22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	5	5
CURRENT ASSETS
Debtors Cash at bank and in hand	13	46,559 416,802		48,559 416,802	25,380 437,094
		483,381		463,361	462,454
CREDITORS
Amounts falling due within one year	14	(279,308)		(278,308)	(278,612)
NET CURRENT ASSETS		184,053		184,053	183,842
TOTAL ASSETSLESSCURRENT
LIASILITIES		184,053		184,053	183,842
NETASSETS		184,053		184,053	183,842
FUNDS	15
Unrestricted funds				184,053	183,842
TOTALFUNDS				184,053	183,842

		for	the Year Ended 3	1 March 2023
				31/3/23	31/3/22
			Notes	E	9
Cash flows from	operating	activities
Cash generated from operations			1	(23,427)	32,571
Net cash (used in)/provided		by operating	activities	(23,427)	32,571
Cash flows from	investing	activities
Interest received				3,135	44
Net cash provided	by investing activities			3,135	44
Change in cash	and cash	equivalents
in the reporting	period			(20,292)	32,615
Cash and cash equivalents		at the
beginning ofthe	reporting	period		437,094	404,479
Cash and cash equivalents		at the end
ofthe reporting	period			416,802	437,094

	N	otes to the Statement ofCash Flows for the Year Ended 31March 2023
RECONCILIATION	OF NET	INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES
			31/3/23	31/3/22
				F
Net income for the	reporting	period (as per the Statement of
Financial Activities)			211	35,870
Adjustments for:
Interest received			(3,135)	(44)
Increase in debtors			(21,199)	(18,900)
Increase in creditors			696	15,645
Net cash (used in)/provided		by operations	(23,427)	32,571

ANALYSIS OF CHANGES	ANALYSIS OF CHANGES
		At 1/4/22	Cash flow	At 31/3/23
		8	E
Net cash
Cash at bank and	in hand	437,094	(20,292)	416,802
		437,094	(20,292)	416,802
Total		437,094	(20,292)	416,802

DONATIONS AND LEGA	CIES
		31/3/23	31/3/22
		6
Donations		358,870	310,331
INVESTMENT INCOME
		31/3/23	31/3/22
		E
Deposit account interest		3,135	44
INCOME FROM CHARITABLE ACTIVITIES
		31/3/23	31/3/22
	Activity
Youth Arts fees	Arts activities and projects	6,600	22,749
Artistic fees	Arts activities and projects	1,084,303	637,928
		1,090,903	660,677

5.	RAISING FUNDS	RAISING FUNDS	for the Year Ende	d 31March 2023
	Raising donations		and legacies
					31/3/23	31/3/22
					E
	Staff costs				60,325	52,185
	Allocation	ofsupport	costs		37,185	28,216
	Marketing	and other	project expenses		8,627	18,804
					106,137	99,205
6.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 7)	Totals
				E		E
	Arts activities and projects			1,210,216	136,344	1,346,560
7.	SUPPORT	COSTS
						Human
				Management	Finance	resources
				E	E
	Aria activities and proiects			25,312	97	50,270
					Governance
				Other	costs	Totals
					E	E
	Arts activities and projects			55,165	5,500	136,344

		31/3/23	31/3/22
		E	E
Auditors'	remuneration	3,500

10.	STAFF COSTS
							31/3/23 f	31/3/22
	Wages and salaries						300,507	259,726
	Social security casts						22,729	19,641
	Other pension costs						8,545	7,651
							331,781	287,018
	The average monthly	number of	employees		during the year	was as follows:
							31/3/23	31/3/22
	Raising funds						1	1
	Charitable activities						6	6
	Support costs							1
	No employees received emoluments			in excess off60,000.
11.	COMPARATIVES FOR THE STATEMENT				OF FINANCIAL	ACTIVITIES
						Unrestricted	Restricted	Tatal
						funds f	funds f	fundsf
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies					218,438	91,893	310,331
	Charitable activities
	Arts activities and projects					660,677		660,677
	Investment income					44		44
	Total					879,159	91,893	971,052
	EXPENDITURE ON
	Raising funds					99,205		99,205
	Charitable activities
	Arts activities and projects					744,084	91,893	835,977
	Total					843,289	91,893	935,182
	NET INCOME					35,870		35,870
	RECONCILIATION	OF FUNDS
	Total funds brought	forward				147,972		'I47,972
	TOTAL FUNDS CARRIED FORWARD					183,842		183,842

	f	f	f	or the Y	ear Ended 31March	2023
12.	TANGIBLE FIXEDASSETS
						Fixtures
						and	Motor
						fittings	vehicles	Totals
						5
	COST
	At 1 April 2022 and 31 March 2023					78,861	64,203	143,064
	DEPRECIATION
	At 1 April 2022 and 31 March 2023					78,861	64,203	143,064
	NET BOOK VALUE
	At 31 March 2023
	At 31 March 2022
13.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
							31/3/23	31/3/22
							5	5
	Trade debtors						44,959	23,760
	Other debtors						1,600	1,600
							46,559	25,360
14.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
							31/3/23	31/3/22
	Trade creditors						44,895	10,737
	Social security and other		taxes					42,327
	VAT						29,630
	Deferred income						165,783	199,398
	Accrued expenses						39,000	26,150
							279,308	278,612
15.	MOVEMENT IN FUNDS
						Net	Transfers
						movement	between	At
					At 1/4/22 f	in funds	funds 5	31/3/23 8
	Unrestricted funds
	General fund				133,842	211	(20,000)	114,053
	Designated fund - Contingency			Fund	50,000		20,000	70,000
					183,842	211		184,053
	TOTAL FUNDS				183,842	211		184,053

Net movement	in funds, included in the abo	ve are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		3,735	(3,524)	211
Arts Council		120,094	(120,094)
Youth Arts fees Artistic fees		6,600 1,084,303	(6,600) (1,084,303)
Restricted funds		1,214,732	(1,214,521)	211
Royal Borough	ofGreenwich	30,899	(30,899)
City of London Corporation		12,000	(12,000)
Arts Council		76,566	(76,566)
CAF American	Donor Fund	100,000	(100,000)
A New Direction		16,211	(18,211)
Nucleus Arts Centre		2,500	(2,500)
		238,176	(238,176)
TOTAL FUNDS		1,452,908	(1,452,697)	211

					Net
					movement	At
				At 1/4/21	in funds	31/3/22
					E
Unrestricted		funds
General	fund			97,972	35,870	133,842
Designated		fund - Contingency	Fund	50,000		50,000
				147,972	35,870	183,842
TOTAL	FUNDS			147,972	35,870	183,842

			Incoming	Resources	Movement
			resources	expended	in funds
					E
Unrestricted funds
General fund			44	35,826	35,870
Arts Council			175,925	(175,925)
Royal Borough of Greenwich			10,000	(10,000)
Other grants			32,513	(32,513)
Youth Arts fees			22,749	(22,749)
Artistic fees			637,928	(637,928)
			879,159	(843,289)	35,870
Restricted funds
Royal Borough ofGreenwich			58,438	(58,438)
Charlton Athletic Community		Trust	5,455	(5,455)
Greater London Authority			5,000	(5,000)
Craftship Enterprise	CIC		3,000	(3,000)
Without Walls			20,000	(20,000)
			91,893	(91,893)
TOTALFUNDS			971,052	(935,182)	35,870

A current ye	ar 12 months and	prior year 1	2 months combin	ed position is	as follows:
				Net	Transfers
				movement	between	At
			At 1/4/21	in funds	funds	31/3/23
						8
Unrestricted	funds
General fund			97,972	36,081	(20,000)	114,053
Designated	fund - Contingency	Fund	50,000		20,000	70,000
			147,972	36,081		184,053
TOTAL FUNDS			147,972	36,081		184,053

A current year 12 months an above are as follows;	d prior year 12 m	onths combined net move	ment in funds,	included in
		Incoming	Resources	Movement
		resources	expended	in funds
		6	8	E
Unrestricted funds
General fund		3,779	32,302	36,081
Arts Council Royal Borough of Greenwich Other grants Youth Arts fees Artistic fees		296,019 10,000 32,513 29,349 1,722,231	(296,019) (10,000) (32,513) (29,349) (1,722,231)
Restdcted funds		2,093,891	(2,057,810)	36,081
Royal Borough of Greenwich		89,337	(89,337)
Charlton Athletic Community Greater London Authodity Craftship Enterprise CIC City of London Corporation	Trust	5,455 5,000 3,000 12,000	(5,455) (5,000) (3,000) (12,000)
Arts Council		76,566	(76,566)
CAF American Donor Fund		100,000	(100,000)
A New Direction Nucleus Arts Centre Without Walls		16,211 2,500 20,000	(16,21'I) (2,500) (20,000)
		330,069	(330,069)
TOTAL FUNDS		2,423,960	(2,387,879)	36,081

		Detailed Statement ofFinancial Activities
		for the Year Ended 31 March 2023
			31/3/23f	31/3/22f
INCOME AND ENDOWMENTS
Donations and	legacies
Donations			356,870	310,331
Investment income
Deposit account	interest		3,135
Charitable activities
Youth Arts fees			6,600	22,749
Artistic fees			1,084,303	637,928
			1,090,903	660,677
Total incoming	resources		1,452,908	971,052
EXPENDITURE
Raising donations		and legacies
Wages			54,638	47,223
Social security			4,133	3,571
Pensions			1,554	1,391
Allocation ofsupport		costs	37,185	28,216
Marketing and other		project expenses	8,627	18,804
			106,137	99,205
Charitable activities
Wages			200,338	173,150
Social security			15,152	13,094
Pensions			5,696	5,101
Materials			239,472	194,281
Fees			745,044	343,790
Transport and travel			4,514	3,105
			1,210,216	732,521
Support costs
Management
Office overheads			25,312	24,484
Finance
Sank charges			97	110
Human resources
Wages			45,531	39,353
Social security			3,444	2,976
Pensions			1,295	1,159
			50,270	43,488

Emergency E	xi	t Arts
				Detailed Statement ofFinancial Activities
				for the Year Ended 31 Nlarch 2023
					31/3/23	31/3/22
					8	8
Human resources
Other
Rent, insurance		and utilities			92,350	60,940
Support costs transferred			to	raising
donations and		legacies			(37,185I	(28,216)
					55,165	32,724
Governance	costs
Auditors' remuneration					3,500
Accountancy	fees				2,000	2,650
					5,500	2,650
Total resources		expended			1,452,697	935,182
Net income					211	35,870