| LONDON SCHOOL OF SAMBA |
|---|
| (A COMPANY LIMITED BY6UARANTEEj |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| Page | ||
|---|---|---|
| Trustees' Report |
1 to 5 | |
| Trustees' Responsibilities |
||
| Statement of Financial | Activities | |
| Comparative Statement |
of Financial Activities | |
| Balance Sheet | 9to 10 | |
| Notes to the Financial Statements | 11to 15 | |
| Independent Examiner's |
Report | 16 |
| FOR THE YEAR | ENDED | 31 MARCH 20 | 21 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |||
| Note | Funds | Funds | Total | Total | ||
| f | E | E | f | |||
| INCOME and ENDOWMENTS | ||||||
| Income from investments | ||||||
| Income from charitable | activities | 3 | 22,707 | 21,500 | 44,207 | 86,809 |
| Total income and endowments | 22,707 | 21,500 | 44,207 | 86,809 | ||
| EXPENDITURE | ||||||
| Charitable activities |
4 | 36,879 | 115 | 36,994 | 102,993 | |
| Total expenditure | 36,879 | 115 | 36,994 | 102,993 | ||
| Net income/(expenditure) | before transfers | (14,172) | 21,385 | 7,213 | (16,184) | |
| Transfers between funds |
||||||
| Net movement in funds |
(14,172) | 21,385 | 7,213 | (16,184) | ||
| Total funds brought forward |
25,932 | 2,025 | 27,9S7 | 44,141 | ||
| Total funds carried forward | 11,760 | 23,410 | 35,170 | 27,957 |
| Unrestricted | Restricted | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Total | Total | ||
| E | E | f | ||||
| INCOME and ENDOWMENTS | ||||||
| Income from investments | ||||||
| Income from charitable | activities | 3 | 59,587 | 27,222 | 86,809 | 86,375 |
| Total income and endowments | 59,587 | 27,222 | 86,809 | 86,375 | ||
| EXPENDITURE | ||||||
| Charitable activities |
4 | 77,796 | 25,197 | 102,993 | 107,160 | |
| Total expenditure | 77,796 | 25,197 | 102,993 | 107,160 | ||
| Net income/(expenditure) | before transfers | (18,209) | 2,025 | (16,184) | (20,785) | |
| Transfers between funds |
||||||
| Net movement in funds |
(18,209) | 2,025 | (16,184) | (20,785) | ||
| Total funds brought forward |
44,141 | 44,141 | 64,926 | |||
| Total funds carried forward | 25,932 | 2,025 | 27,957 | 44,141 |
| AS | AT 31 MARCH | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31 | March | 31 | March | |||||||
| 2021 | 2020 | |||||||||
| Note | E | E | E | |||||||
| Fixed Assets | 323 | 2,793 | ||||||||
| Current Assets | ||||||||||
| Stock for resale | 1,600 | 1,600 | ||||||||
| Debtors | 2,000 | 168 | ||||||||
| Cash at bank | and | in hand | 46,180 | 26,396 | ||||||
| 49,780 | 28,164 | |||||||||
| Creditors | ||||||||||
| Amounts falling due within |
one year | (14,933) | (3,000) | |||||||
| Net Current | Assets | 34,847 | 25,164 | |||||||
| Total Assets | less Current | Liabilities | 35,170 | 27,957 | ||||||
| Net Assets | 35,170 | 27,957 | ||||||||
| Represented | by: | |||||||||
| Restricted funds | 23,410 | 2,025 | ||||||||
| Unrestricted | funds | 11,760 | 25,932 | |||||||
| 35,170 | 27,957 |
| INVESTMENT | INCOME | INCOME | Unrestricted | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | |||||
| E | E | E | ||||||
| Bank interest | receivable | |||||||
| INCOMING RESOURCES FROM CHARITABLE |
ACTIVITIES | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2021 | 2021 | 2021 | 2020 | |||||
| E | E | E | ||||||
| Arts Council | Grant | 21,500 | 21,500 | 15,000 | ||||
| Income from | performances | 5,004 | 5,004 | 33,807 | ||||
| Subscriptions, | workshops | and outreach | 7,703 | 7,703 | 28,133 | |||
| Carnival registration |
fees | 9,869 | ||||||
| Donations | 1 | 0,000 | 10,000 | |||||
| 22,707 | 21,500 | 44,207 | 86,809 |
| COSTS OF C | HARITABLE ACTIVITIES | Activities | ||||
| Undertaken | Support | Total | Total | |||
| Directly | Costs | 2021 | 2020 | |||
| E | F. | E | E | |||
| Workshop | costs | 14,559 | 7,914 | 22,473 | 38,303 | |
| Performance costs |
364 | 8,904 | 9,268 | 31,365 | ||
| Carnival costs | 115 | 115 | 27,542 | |||
| Outreach | 510 | 2,968 | 3,478 | 4,065 | ||
| Sundry | ||||||
| Governance | costs (below) | 1,660 | 1,660 | 1,718 | ||
| 17,208 | 19,786 | 36,994 | 102,993 | |||
| Governance | costs relate to the followin | |||||
| Independent | examination fees |
1,660 | ||||
| Other statutory costs | ||||||
| Trustees' meetings |
||||||
| 1,660 |
| ANGIBLE FIXEDASSETS | ||
|---|---|---|
| Samba | ||
| Equipment | Total | |
| Cost | E | E |
| As at 1 April 2020 | 30,029 | 30,029 |
| Additions | ||
| As at 31 March 2021 | 30029 | 30029 |
| Depreciation | ||
| As at 1 April 2020 | 27236 | 27236 |
| Charge for the year | 2470 | 2470 |
| As at 31 March 2021 | 29706 | 29706 |
| Net book value | ||
| As at 31 March 2021 | 323. | ~32 |
| As at 31 March 2020 | ~27 | 2793 |
| 7 | DEBTORS | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|
| E | f. | ||||||
| Debtors comprised | amounts | falling due within one year | as follows: | ||||
| Trade debtors | 2,000 | (64) | |||||
| Other debtors | 232 | ||||||
| 2,000 | 168 | ||||||
| 8 | CREDITORS - Amounts | falling | due within one year | 2021 | 2020 | ||
| Trade creditors | 3,140 | 850 | |||||
| Accruals | 1,600 | 2,150 | |||||
| Deferred income |
10,193 | ||||||
| 14,933 | 3,000 | ||||||
| The Deferred income | is amounts | received from Lambeth | Council for 2021/22. | ||||
| 9 | ANALYSIS OF FUNDS | Restricted Unmstricted |
|||||
| Funds Funds |
Total | ||||||
| E | E | ||||||
| As at 1 April 2020 | 2,025 25,932 |
27,957 | |||||
| Incoming resources |
21,500 22,707 |
44,207 | |||||
| Resources expended | (115) (36,879) |
(36,994) | |||||
| Transfers between | funds | ||||||
| As at 31 March 2021 | 23,410 11,760 |
35,170 | |||||
| Represented by: |
|||||||
| Fixed assets | 323 | 323 | |||||
| Net current assets | 23,410 11,437 |
34,847 | |||||
| As at 31 March 2021 | 23,410 11,760 |
35,170 |
| 9 | ANALYSIS OF FUNDS | |||
|---|---|---|---|---|
| Comparatives (for the year ended 31 March 2020) |
Restricted | Unrestricted | ||
| Funds | Funds | Total | ||
| E | E | |||
| As at 1 April 2019 | 44,141 | 44,141 | ||
| Incoming resources |
27,222 | 59,587 | 86,809 | |
| Resources expended | (25,197) | (77,796) | (102,993) | |
| Transfers between funds |
||||
| As at 31 March 2020 | 2,025 | 25,932 | 27,957 | |
| Represented by: |
||||
| Fixed assets | 2,793 | 2,793 | ||
| Net current assets | 2,025 | 23,139 | 25,164 | |
| As at 31 March 2020 | 2,025 | 25,932 | 27,957 |
| FOR THE YEAR | ENDED | 31 MARCH 20 | 21 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |||
| Note | Funds | Funds | Total | Total | ||
| f | E | E | f | |||
| INCOME and ENDOWMENTS | ||||||
| Income from investments | ||||||
| Income from charitable | activities | 3 | 22,707 | 21,500 | 44,207 | 86,809 |
| Total income and endowments | 22,707 | 21,500 | 44,207 | 86,809 | ||
| EXPENDITURE | ||||||
| Charitable activities |
4 | 36,879 | 115 | 36,994 | 102,993 | |
| Total expenditure | 36,879 | 115 | 36,994 | 102,993 | ||
| Net income/(expenditure) | before transfers | (14,172) | 21,385 | 7,213 | (16,184) | |
| Transfers between funds |
||||||
| Net movement in funds |
(14,172) | 21,385 | 7,213 | (16,184) | ||
| Total funds brought forward |
25,932 | 2,025 | 27,9S7 | 44,141 | ||
| Total funds carried forward | 11,760 | 23,410 | 35,170 | 27,957 |
| Unrestricted | Restricted | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Total | Total | ||
| E | E | f | ||||
| INCOME and ENDOWMENTS | ||||||
| Income from investments | ||||||
| Income from charitable | activities | 3 | 59,587 | 27,222 | 86,809 | 86,375 |
| Total income and endowments | 59,587 | 27,222 | 86,809 | 86,375 | ||
| EXPENDITURE | ||||||
| Charitable activities |
4 | 77,796 | 25,197 | 102,993 | 107,160 | |
| Total expenditure | 77,796 | 25,197 | 102,993 | 107,160 | ||
| Net income/(expenditure) | before transfers | (18,209) | 2,025 | (16,184) | (20,785) | |
| Transfers between funds |
||||||
| Net movement in funds |
(18,209) | 2,025 | (16,184) | (20,785) | ||
| Total funds brought forward |
44,141 | 44,141 | 64,926 | |||
| Total funds carried forward | 25,932 | 2,025 | 27,957 | 44,141 |
| AS | AT 31 MARCH | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31 | March | 31 | March | |||||||
| 2021 | 2020 | |||||||||
| Note | E | E | E | |||||||
| Fixed Assets | 323 | 2,793 | ||||||||
| Current Assets | ||||||||||
| Stock for resale | 1,600 | 1,600 | ||||||||
| Debtors | 2,000 | 168 | ||||||||
| Cash at bank | and | in hand | 46,180 | 26,396 | ||||||
| 49,780 | 28,164 | |||||||||
| Creditors | ||||||||||
| Amounts falling due within |
one year | (14,933) | (3,000) | |||||||
| Net Current | Assets | 34,847 | 25,164 | |||||||
| Total Assets | less Current | Liabilities | 35,170 | 27,957 | ||||||
| Net Assets | 35,170 | 27,957 | ||||||||
| Represented | by: | |||||||||
| Restricted funds | 23,410 | 2,025 | ||||||||
| Unrestricted | funds | 11,760 | 25,932 | |||||||
| 35,170 | 27,957 |
| INVESTMENT | INCOME | INCOME | Unrestricted | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | |||||
| E | E | E | ||||||
| Bank interest | receivable | |||||||
| INCOMING RESOURCES FROM CHARITABLE |
ACTIVITIES | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2021 | 2021 | 2021 | 2020 | |||||
| E | E | E | ||||||
| Arts Council | Grant | 21,500 | 21,500 | 15,000 | ||||
| Income from | performances | 5,004 | 5,004 | 33,807 | ||||
| Subscriptions, | workshops | and outreach | 7,703 | 7,703 | 28,133 | |||
| Carnival registration |
fees | 9,869 | ||||||
| Donations | 1 | 0,000 | 10,000 | |||||
| 22,707 | 21,500 | 44,207 | 86,809 |
| COSTS OF C | HARITABLE ACTIVITIES | Activities | ||||
| Undertaken | Support | Total | Total | |||
| Directly | Costs | 2021 | 2020 | |||
| E | F. | E | E | |||
| Workshop | costs | 14,559 | 7,914 | 22,473 | 38,303 | |
| Performance costs |
364 | 8,904 | 9,268 | 31,365 | ||
| Carnival costs | 115 | 115 | 27,542 | |||
| Outreach | 510 | 2,968 | 3,478 | 4,065 | ||
| Sundry | ||||||
| Governance | costs (below) | 1,660 | 1,660 | 1,718 | ||
| 17,208 | 19,786 | 36,994 | 102,993 | |||
| Governance | costs relate to the followin | |||||
| Independent | examination fees |
1,660 | ||||
| Other statutory costs | ||||||
| Trustees' meetings |
||||||
| 1,660 |
| ANGIBLE FIXEDASSETS | ||
|---|---|---|
| Samba | ||
| Equipment | Total | |
| Cost | E | E |
| As at 1 April 2020 | 30,029 | 30,029 |
| Additions | ||
| As at 31 March 2021 | 30029 | 30029 |
| Depreciation | ||
| As at 1 April 2020 | 27236 | 27236 |
| Charge for the year | 2470 | 2470 |
| As at 31 March 2021 | 29706 | 29706 |
| Net book value | ||
| As at 31 March 2021 | 323. | ~32 |
| As at 31 March 2020 | ~27 | 2793 |
| 7 | DEBTORS | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|
| E | f. | ||||||
| Debtors comprised | amounts | falling due within one year | as follows: | ||||
| Trade debtors | 2,000 | (64) | |||||
| Other debtors | 232 | ||||||
| 2,000 | 168 | ||||||
| 8 | CREDITORS - Amounts | falling | due within one year | 2021 | 2020 | ||
| Trade creditors | 3,140 | 850 | |||||
| Accruals | 1,600 | 2,150 | |||||
| Deferred income |
10,193 | ||||||
| 14,933 | 3,000 | ||||||
| The Deferred income | is amounts | received from Lambeth | Council for 2021/22. | ||||
| 9 | ANALYSIS OF FUNDS | Restricted Unmstricted |
|||||
| Funds Funds |
Total | ||||||
| E | E | ||||||
| As at 1 April 2020 | 2,025 25,932 |
27,957 | |||||
| Incoming resources |
21,500 22,707 |
44,207 | |||||
| Resources expended | (115) (36,879) |
(36,994) | |||||
| Transfers between | funds | ||||||
| As at 31 March 2021 | 23,410 11,760 |
35,170 | |||||
| Represented by: |
|||||||
| Fixed assets | 323 | 323 | |||||
| Net current assets | 23,410 11,437 |
34,847 | |||||
| As at 31 March 2021 | 23,410 11,760 |
35,170 |
| 9 | ANALYSIS OF FUNDS | |||
|---|---|---|---|---|
| Comparatives (for the year ended 31 March 2020) |
Restricted | Unrestricted | ||
| Funds | Funds | Total | ||
| E | E | |||
| As at 1 April 2019 | 44,141 | 44,141 | ||
| Incoming resources |
27,222 | 59,587 | 86,809 | |
| Resources expended | (25,197) | (77,796) | (102,993) | |
| Transfers between funds |
||||
| As at 31 March 2020 | 2,025 | 25,932 | 27,957 | |
| Represented by: |
||||
| Fixed assets | 2,793 | 2,793 | ||
| Net current assets | 2,025 | 23,139 | 25,164 | |
| As at 31 March 2020 | 2,025 | 25,932 | 27,957 |