##
||||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||
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||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|
|2,|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|---|
|||||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|