| CONTENTS | PAGE | |||
|---|---|---|---|---|
| Reference and administrative details |
||||
| Trustees' Annual Report |
(including | Directors' Report) | ||
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | (incorporating | the | |
| income and expenditure | account) | 10 | ||
| Balance sheet | ||||
| Notes to the Financial Statements |
13 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||
| Note | |||||||
| INCOMING RESOURCES | |||||||
| Incoming resources | from | ||||||
| generating funds: |
|||||||
| Voluntary income |
188,965 | 120&780 | 309,745 | 348,940 | |||
| Investment income |
700 | 700 | 21 | ||||
| Incoming resources | from | ||||||
| charitable activities |
23,655 | 19,675 | 43,330 | 18,873 | |||
| TOTAL INCOMING | |||||||
| RESOURCES | 213,320 | 140,455 | 353,775 | 367,834 | |||
| RESOURCES EXPENDED | |||||||
| Charitable activities |
5 | (166,943) | (167,933) | (334,876) | (320,711) | ||
| Governance costs |
6 | (20,767) | (20,767) | (18,000) | |||
| TOTALRESOURCES | |||||||
| EXPENDED | (187,710) | (167,933) | (355,643) | (338,711) | |||
| NET | |||||||
| INCOMING/(OUTGOING) | |||||||
| RESOURCES BEFORE | |||||||
| TRANSFERS | 25,610 | (27,478) | (1,868) | 29,123 | |||
| Transfers between |
funds | (51,209) | 51,209 | ||||
| NET INCOME FOR | THE | ||||||
| YEAR | (25,599) | 23,731 | (1,868) | 29,123 | |||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought | forward | 954,868 | 15&787 | 970,655 | 941,532 | ||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 929,269 | 39,518 | 968&787 | 970,655 |
| BALANCE 31 MARCH |
SHEET 2023 |
||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| FIXEDASSETS | |||||
| Tangible assets | 835,045 | 840,787 | |||
| CURRENT ASSETS | |||||
| Debtors | 4,323 | 12,595 | |||
| Cash at bank and in hand | 146,513 | 160,985 | |||
| 150,836 | 173,580 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | 12 | (17,094) | (43,712) | ||
| NET CURRENT ASSETS | 133,742 | 129,868 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 968,787 | 970,655 | |||
| NET ASSETS | 968,787 | 970,655 | |||
| FUNDS | |||||
| Restricted funds | 13 | 29,473 | |||
| Restricted fixed asset funds | 13 | 10,045 | 15,787 | ||
| Unrestricted funds |
14 | ||||
| General funds | 88,269 | 113,868 | |||
| Designated funds |
16,000 | 16,000 | |||
| Fair value reserve | 825,000 | 825,000 | |||
| 929,269 | 954,868 | ||||
| TOTAL FUNDS | 968,787 | 970,655 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| Grants receivable | |||||
| Statutory | grants | 119,391 | 119&391 | 163,797 | |
| Grant making trusts | 62,833 | 115,888 | 178,721 | 181,865 | |
| Donation | 6,741 | 4,892 | 11,633 | 3,278 | |
| 188,965 | 120,780 | 309,745 | 348,940 |
| INVE | STMEN | T INCOME | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Total | Funds | |||
| Funds | 2023 | 2022 | |||||
| Bank | interest | receivable | 700 | 700 | 21 |
| Unrestricted | Restricted | Total | Funds | Total | Funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||||
| Sales | and | hire | ofservices | 23,655 | 19,675 | 43,330 | 18,873 | ||
| 23,655 | 19,675 | 43,330 | 18,873 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| General | activities | 166,943 | 167,933 | 334,876 | 320,711 |
| GOVERNANCE |
COSTS | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2023 | 2022 | ||
| Wages and salaries | 13,520 | 13,520 | 12,311 | |
| Accountancy fees |
3,600 | 3,600 | 3,600 | |
| Trustees' training |
1,140 | 1,140 | 310 | |
| Other governance | costs | 2,507 | 2,507 | 1,779 |
| 20,767 | 20,767 | 18,000 |
| Total staff costs were as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| Wages and salaries | 175,603 | 133,659 |
| Social security costs | 9,286 | 6,047 |
| Pension contribution | 1,194 | 1,222 |
| 186,083 | 140,928 | |
| Particulars ofemployees: |
||
| The average number ofemployees | during the year, calculated on the basis offull-time | equivalents, |
| was as follows: |
| was as f | ollows: |
||
|---|---|---|---|
| 2023 | 2022 | ||
| No | No | ||
| Number | ofstaff | 9 | 7 |
| Studio | Furniture | Total | |||
|---|---|---|---|---|---|
| Freehold | Computer | equipment | Fixture | ||
| property | equipment | ||||
| ST OR VALUATION | |||||
| At 1 April 2022 | 825,000 | 8935 | 14,744 | 848,679 | |
| Additions | ]743 | 1,879 | 4,510 | S,132 | |
| At 31March 2023 | 825,000 | 10,678 | 16,623 | 4,510 | 856,811 |
| At 1 April 2022 | 2,690 | 5&202 | 7,892 | ||
|---|---|---|---|---|---|
| Charge | 5,059 | 7,875 | 940 | 13,874 | |
| At 31March 2023 | 7,749 | 13,077 | 940 | 21,766 | |
| NET BOOKVALUE | |||||
| At 31March 2023 | 825,000 | 2,929 | 3,546 | 3,570 | 835,045 |
| At 31March 2022 | 825,000 | 6,245 | 9,542 | S40,787 |
| 2023 | 2022 |
|---|---|
| 4,323 | 12,595 |
| 4,323 | 12,595 |
| CREDITORS: Amounts falling due within one |
year | |
|---|---|---|
| 2023 | 2022 | |
| Trade creditors | 5,704 | 2,501 |
| PAYE and social security | 4,627 | 3,509 |
| Other creditors | 6,763 | 5,200 |
| Deferred income | 32,502 | |
| 17,094 | 43,712 |
| General | Fixed asset | Total | ||
|---|---|---|---|---|
| funds | fund | |||
| At 1 April 2022 | 15,787 | 15,787 | ||
| Incoming resources | 132,323 | S,132 | 140,455 | |
| Outgoing resources |
(154,059) | (13,874) | (167,933) | |
| Transfer between funds | 51,209 | 51,209 | ||
| At 31March 2023 | 29,473 | 10,045 | 39,518 | |
| Incoming | Resources | Net incoming | ||
| resources | expended | resources | ||
| Baring Foundation | &Garfield | 801 | (801) | |
| City Bridge | 13,795 | (13,795) | ||
| Lambeth Council | 2,096 | (2,096) | ||
| Maudsley Charity |
11,280 | (11,280) | ||
| Prudence Trust |
35,140 | (10,589) | 24,551 | |
| QC Trust | 25,000 | (24,078) | 922 | |
| SCOPS | 5,000 | (1,000) | 4,000 | |
| Youth Music | 22,776 | (22,776) | ||
| Total funds | 115,888 | (86,415) | 29,473 |
| UNRESTRICTED FUNDS | |||
|---|---|---|---|
| Revaluation | Designated | ||
| reserve | funds | General funds | |
| At 1 April 2022 | 825,000 | 16,000 | 113,868 |
| Net incoming resources for the year | 213,320 | ||
| Designated funds |
(187,710) | ||
| Transfer between funds | (51,209) | ||
| At 31March 2023 | 825,000 | 16,000 | 88,269 |
| ANALY | SIS OFNET ASSETSBETW | EEN FUNDS | ||
|---|---|---|---|---|
| Restricted | Unrestricted | |||
| funds | funds | Total | ||
| Tangible | fixed assets | 10,045 | 825,000 | 835,045 |
| Current | assets | 29,473 | 121,363 | 150,836 |
| Creditors | due within one year | (17,094) | (17,094) | |
| Total | 39,518 | 929,269 | 968,787 |