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2023-03-31-accounts

HE ART N SOUL
Contents
Page
Trustees'
Annual
Report		 2-15
Independent
Auditor's		 Report 16-20
Statement
of Financial		 Activities 21
Balance Sheet 22
Cash Flow Statement 23
Notes to the Financial Statements 24 —33

Total Total
Unrestricted Restricted Funds Funds
Notes Funds Funds 2023 2022
Income
Donations and grants 2 301,232 588,018 889,250 1,083,794
Charitable activities 3 26,145 26,145 17,251
Investments 4 517 517 385
Total 327,894 588,018 915,912 1,101,430
Raising funds 5 49,688 49,688 52,320
Charitable activities 6 432,762 588,018 1,020,780 1,039,831
Total 482,450 588,018 1,070,468 1,092,151
Net income l(expenditure) 10 (154,556) (154,556) 9,279
Transfers between funds 17
Net movement
in funds		 (154,556) (154,556) 9,279
Reconciliation
offunds
Balance brought forward 17 314,253 314,253 304,974
Balance carried forward 17 F159,697 FNil 8159,697 f314,253

2023 2022
Cash flows from operating activities:
Net movement
in funds per		 Statement of Financial Activities (154,556) 9,279
Adjustments
for.
Depreciation 5,927 6,587
(Increase)/decrease
in debtors		 (21,119) 103,474
Increase/(decrease)
in creditors		 (44,813) 22,064
Net cash provided by/(used in) operating acffvftfes (214,561) 141,404
Cash flows from investing activities:
Purchase oftangible fixed assets (3,724) (6,400)
Net cash provided by/(used in) investing activities (3,724) (6,400)
(Decrease)iincrease
in cash		 (218,285) 135,004
Cash and cash equivalents brought
forward		 457,922 322,918
Cash and cash equivalents carried forward f239,637 F457,922
Analysis ofcash and cash equivalents 2023 2022
F
Cash at bank and in hand 8239,637 F457,922

COST OF RAISING FUNDS Direct Support Total Total
Fundraising consulting costs
f49,688		 costs
f		 2023
f
f49,688		 2022
f
f52,320

EXPENDITURE ON CH ARITABLE A CTMTIES
Other Support
Staffing Direct Costs Total Total
Costs Costs
f		 (Note 7) 2023 2022f
Multi-disciplinary arts 45,398 80,664 17,913 143,975 172,303
Taking Part 278,389 227,243 111,620 617,252 595,957
The Hub 67,514
Sharing 7,274 817 2,875 10,966 7,254
Believe in Us 54,583 194,004 248,587 196,803
f385,644 f502,728 f132,408 f1,020,780 f1,039,831
of Heart n Soul at The of Heart n Soul at The Hub.
7. SUPPORT COSTS General Premises Governance Total Total
Oflice F (Note 8)
f		 2023
F		 2022f
Multi&lscipiinary arts 11,043 6,249 621 17,913 19,715
Taking Part 68,149 39,660 3,810 111,619 98,133
Sharing 1,773 1,003 100 2,876 1,790
F80,965 f46,912 F4,531 f132,408 F119,638

GOVERNANCE COSTS 2023 2022
Z f
Auditors'
remuneration		 3,385 3,645
AGM, Trustees' meetings and related costs 1,146 181
84,531 F3,826


ofLewisham.
These funds have
ofLewisham.
These funds have		 been fully expended.
10. NET INCOME/(EXPENDITURE) FOR THE YEAR 2023 2022
Net income/(expenditure) is stated after charging:
Operating
lease rentals		 637,535 F35,106
Depreciation
oftangible		 fixed assets 65,297 66,587
Auditors
remuneration		 —Audit services 63,385 F3,615
11. STAFF COSTS 2023 2022
Staff costs were as follows: F
Wages and salaries 324,839 327,140
Social Security costs 25,013 26,999
Pension costs 28,726 28,864
Staff training
and recruitment		 3,477 4,330
Other costs 3,589 3,731
f385,644 f391,064


a fee of6900 for providing
wellbeing
su
she became a trustee.
pport to staif. Out		 ofthis F225 w as paid aft
13. TANGIBLE FIXEDASSETS Technical Office
Equipment Equipment Total
Cost
Balance at 1 April 2022 26,630 51,978 78,608
Additions 2,023 1,701 3,724
Disposals
Balance at 31 March 2023 28,653 53,679 82,332
Depreciation
Brought forward at 1 April 2022 26,630 4'i,759 68,389
Charge for year 506 5,421 5,927
Eliminated
on disposal
Balance at 31 March 2023 27,136 47,180 74,316
Net book value
As at 31 March 2023 E1,517 F6,449 68,016
As at 31 March 2022 FNil 810,219 610,219
14. DEBTORS 2023 2022
6 F
Trade debtors 25,236 4,204
Accrued income 12,875 10,000
Other debtors 2,497 5,129
Prepayments 8,281 8,437
R48,889 627,770

15. CREDITORS: Amounts falling due within one year 2023 2022
6 F
Trade creditors
Social security and other taxes		 43,697
2,249		 9,299
2,468
Other creditors 763 406
Accruals 31,613 24,431
Deferred income (see note 16) 58,523 145,054
F136,845 F181,658
16. DEFERRED INCOME Balance Additions Released Balance
brought in To Carried
forward year Income Forward
Grants and donations F145,054 658,523 F(145,054) F58,523

MOVEMENT IN FUND S
Balance Movement
In		 Balance
At Resources Transfers At
1 April Income Expenditure 31 March
2022 2023
6 L
Unrestricted funds
General funds 314,253 327,894 482,450 159,697
314,253 327,894 482,450 159,697
Restricted funds
Multi-disciplinary arts 33,711 33,711
Taking Part 305,720 305,720
Believe in Us 248,587 248,587
588,018 588,018
Total funds 8314,253 F915,91 E1,070,468 6159,697
2

Comparative
 informati on
for the n		 et movement
in funds is as f		 et movement
in funds is as f		 ollows
Balance Movement
in		 Balance
At Resources Transfers At
1 April Income Expenditure 31 March
2021 2022
6
Unrestricted funds
General funds 304,974 499,314 496,435 6,400 314,253
304,974 499,314 496,435 6,400 314,253
Restricted funds
Multi-disciplinary 36,816 36,816
arts
Taking Part 294,584 294,584
The Hub
Believe in Us		 73,913
196,803		 67,513
196,803		 (6,400)
602,116 595,716 (6,400)
Total funds f304,974 f1,101,430 F1,092,151 F314,253

NALYS IS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted TotalFunds
Funds Funds 2023
Tangible fixed assets 8,016 8,016
Current assets 202,232 86,294 288,526
Current liabilities (50,551) (86,294) (136,845)
F159,697 ENil E159,697
rative
i		 nformation
for the anal		 ysis ofnet assets betwe en
funds is as		 follows:
Unrestricted Restricted Total Funds
Funds Funds 2022
Tangible fixed assets 10,219 10,219
Current assets 316,165 169,527 485,692
Current liabilities (12,131) (169,527) (181,658)
F314,253 FNil E314,253

Total future minimum lease payments under non-cancellable operating leases are as
follows:
2023 2022
E
Amounts due within:
One year 8,378 9,218
One to five years 3,095 7,222
E11,473 E16,440