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|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|
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|||||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|
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||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|
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|||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|
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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
|General|activities|166,943|167,933|334,876|320,711|
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|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|
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|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|
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||||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|
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|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|
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|2023|2022|
|---|---|
|4,323|12,595|
|4,323|12,595|
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|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|
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|||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|
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|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|
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|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|
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