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