Registered number
02841537
SECOND WAVE: CENTRE FOR YOUTH ARTS
Report and Accounts
31 March 2021
Report and Accounts
SECOND WAVE: CENTRE FOR YOUTH ARTS Company Information
Directors
Cheryl Brown (Chair) Natasha Matthews (Treasurer) Dana Pinto Denise Dickenson Mary-Anne Bamfo Dimples Vadher
Constitutional Member
Naomi Gregory
Accountants
Brookfield & Co 18 Concanon Road London SW2 5TA
Registered number
2841537
Secretary
Ann Considine
Registered Office
Deptford Methodist Mission 1 Creek Road London SE8 3BT
Charity registration no
1024836
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SECOND WAVE: CENTRE FOR YOUTH ARTS
DIRECTORS’ REPORT for the year ended 31 March 2021
The Directors present their report and the audited financial statements of Second Wave: Centre for Youth Arts for the year ended 31 March 2021.
OBJECTS, PRINCIPAL ACTIVITY AND ORGANISATION
The company is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. The charity objects of Second Wave Youth Arts are to make the arts more accessible and relevant to the well-being and safety of local communities, to celebrate cultural diversity and build positive community relations. Second Wave also aims to advance the education of the public and young people, by providing facilities for the education and training of young people that develop their leadership skills, enable youth participation in local decision-making, support youth-led initiatives in their neighbourhoods, strengthen the well-being of young people, and help them to make informed choices about their lives.
YOUTH ARTS PRACTICE – COVID UPDATE
Second Wave has pioneered a youth-centred approach, inspired and informed by the first-hand experiences of young people. In 2020/21 Second Wave developed young people’s role as collaborators, peer-leaders, workshop tutors, young commissioned artists, and practitioners. All of these principles have been underpinned by distinct phases of participation in a youth arts process. By means of this structure, the work of Second Wave has widened participation, increased employment and training opportunities, and strengthened the link between youth culture and social responsibility, with a view to building a more cohesive community.
From our centre in Deptford, Second Wave has offered a consistently high quality, youthcentred creative programme in the evenings, weekends and during the holiday periods throughout the year. This has included a diverse range of arts and educational opportunities, with accessible entry points for young people who wished to participate, learn and engage in a range of performing arts and media.
Our regular participants were aged between 11 - 25 years and were primarily from the borough of Lewisham and SE London. 88% of our participants were from local BAME communities. Over the period Second Wave has offered a free regular weekly Saturday programme for under-16s and a regular after-school workshop programme for over 15s. We have also delivered an ongoing dedicated creative programme for girls and young women. These programmes have enabled young people to co-lead and create new work, including productions of new plays, youth-led Platform Events, Community Forums and Speakeasy events. Second Wave has also continued to support young writers and actors in devising youth-centred narratives relevant to their lives and experiences.
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IMPACT OF COVID
From April 2020 to March 2021, Second Wave prioritised the delivery of programme. Our small team was reduced due to illness and bereavement. And this absence of administrative staff resulted in some delays in the normal processing time required for our accounts. As a result of COVID, the closure of schools over lockdown and social distancing regulations, the Second Wave team adapted our methods of delivery to meet the changing needs of participants, with an emphasis on building skills for COVID recovery and resilience, strengthening the environment and providing a safe space for young people.
Our team worked hard to extend the digital learning capacity of the organisation by creating a new website and facilitating new online resources as well as continuing wellbeing sessions with vulnerable students. COVID also necessitated changes to the delivery of Shadow Games and other workshop performances in schools. In 2020/21, we worked with a team of young local volunteers and creative leaders to adapt the play and shoot a series of films in Deptford. We designed new online learning resources and delivered a virtual programme to 6000+ students in the Boroughs of Lewisham, Redbridge, Newham, Croydon and Tower Hamlets. Our Shadow Games Project explored issues of grooming, criminal exploitation and violent extremism as part of the Home Office’s Prevent strategy. This project has been identified as an example of good practice in the delivery of Prevent. This outreach work, together with related issues of Hate Crime have been shared with a wide range of community groups.
CREATIVE LEADERSHIP INITIATIVES
Second Wave prioritised the training of young community leaders in programmes dedicated to supporting volunteering and creative leadership. Young people supported social justice and community activism through event planning and the delivery of online events, including an online conference of issues raised by the Black Lives Matter movement. In 2020/21, our young volunteers supported the delivery of centred-based workshops, as well as virtual and face-to-face projects in local schools, community and neighbourhood settings. Young people worked with local police officers building trust and sharing ideas in ‘Critical Encounters’ workshops which brought together police, young people and community safety officers to improve relationships in the community. Young community activists were aged primarily between 15 to 24 years, mainly from the borough of Lewisham. Young female volunteers took part in workshop leadership training and supported the interests of other local young women, assisting in the delivery of a programme of workshops and performance events. They also represented young women’s views in community forums, including meetings with local councillors and MPs, addressing issues such as gender-related violence.
WORKING ACROSS BOUNDARIES
In 2020/21 Second Wave has consolidated existing partnerships and been able to build new ones, working across boundaries to reach marginalised young people and working closely with the local authority and the Home Office. As a model of good practice in the field of equalities and social justice, Second Wave has developed new initiatives and sustained work with Lewisham Hate Crime Working Group. This work has enabled us to welcome young and older participants to our youth-led Platform events and Speakeasy’s and broaden the reach of the work. Positive collaboration and practice-based research projects have been developed with academics and students from Goldsmiths College and the University of Greenwich.
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Second Wave continues to be active in finding new ways for young people to have contact with policy and decision-making. Young people are aware of the changes in their neighbourhoods, exploring the changes taking place in Deptford, presenting views which focus on the need for youth employment, cultural activism and a commitment to involving young people in the ongoing process of local decision-making.
NOMINATION FOR THE QUEENS’ AWARD
In 2021, Second Wave’s trustees and young volunteers were nominated for the Queens Award for Voluntary Service in recognition of their dedicated service to the community.
FUTURE DEVELOPMENTS
Second Wave has continued to receive financial support from the London Borough of Lewisham in furtherance of its objectives. The charity acknowledges the support of the Home Office and independent charitable trusts. This support has enabled the project to consolidate and extend the programme of activities available to its young beneficiaries. Our Trustees acknowledge that Second Wave continues to face challenges as a result of financial austerity in common with other community and voluntary sector organisations in the UK. The programme therefore reflects priorities based on the creative strengths and adaptability of Second Wave in maximising its potential as a distinctive, high-quality youth arts centre with a strong track record in community safety and creative leadership. The organisation is committed to sustaining best practice as the basis for future development.
DIRECTORS’ RESPONSIBILITIES
Company law requires the Directors, who are also the charity’s Trustees, to prepare financial statements for each financial year which give a true and fair view of the state of the company's affairs and of its profit or loss for that period.
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In preparing those financial statements, the Directors are required to: - select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on a going-concern basis unless it is inappropriate to presume that the company will continue in business.
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DIRECTORS
Those who served as Directors and Trustees during the year are shown on page 1 to the financial statements. No Director has any beneficial interest in the company. All Directors are members of the company and guarantee to contribute £1 in the event of a winding up. The number of guarantees at 31 March 2021 was seven.
FIXED ASSETS
Details of movements in fixed assets during the year are set out in note 8 to the financial statements.
Independent Examiner
Brookfield & Co were appointed as Independent Examiner and have expressed their willingness to continue in that capacity.
This report was approved by the Trustees on
Signed on behalf of the Trustees
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SECOND WAVE: CENTRE FOR YOUTH ARTS Statement of Financial Activities for the year ended 31 March 2021
| **Restricted ** | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| Notes | 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Incoming resources | |||||
| Incoming resources from generated funds: | |||||
| Voluntary Income - Grants | 5 | 88,224 | 35,000 | 123,224 | 69,100 |
| Other Income | 6 | - | 18,520 | 18,520 | 109,887 |
| Investment income | - | 18 | 18 | 39 | |
| Total Incoming Resources | 88,224 | 53,538 | 141,762 | 179,026 | |
| Resources expended | |||||
| Costs of generating funds | - | - | - | - | |
| Charitable activities | 88,224 | 44,252 | 132,476 | 169,851 | |
| Governance | - | 5,770 | 5,770 | 6,300 | |
| Total resources expended | 7 | 88,224 | 50,022 | 138,246 | 176,151 |
| Net incoming resources expended for the Year | - | 3,516 | 3,516 | 2,875 | |
| Transfers between funds | - | - | - | ||
| Funds brought forward | - | 42,345 | 42,345 | 39,470 | |
| Total Funds carried forward | - | 45,861 | 45,861 | 42,345 |
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SECOND WAVE: CENTRE FOR YOUTH ARTS Notes to the Accounts for the year ended 31 March 2021
1. Accounting Policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.
a) Basis of Preparation
The financial statements have been prepared under the historical cost convention and on a going concern basis, which is dependent upon the availability of adequate continued funding. The nature of the charity’s funding is inherently uncertain as it is only agreed by the funding bodies every one to three years. Should grant funding be discontinued in future years, the charity would have to find other sources of funding, or significantly curtail its activities. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/7/14, The Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Advantage has been taken of Section 396(5) of the Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity’s operation and in order to comply with the requirements of the SORP.
The financial statements are prepared, on a going concern basis, under the historical cost convention. The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on continuing grant aid.. The particular accounting policies adopted are set out below.
b) Restricted and Unrestricted Funds
The accounts distinguish between restricted and unrestricted funds. Restricted funds are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions. They include those freely available to the charity for expenditure or appropriation to reserves for internally designated purposes. Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
c) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to specific categories of income:
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Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. - Investment income is included when receivable.
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Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis eg. floor areas, per capita or estimated usage
e) Tangible Fixed Assets
Fixed assets costing less than £750 are written off in the year of acquisition and items costing in excess are capitalised.
Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost of fixed assets less their estimated residual value over their expected useful life on a straight line basis at rates of 20 to 33% per annum.
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SECOND WAVE: CENTRE FOR YOUTH ARTS Notes to the Accounts for the year ended 31 March 2021
f) Debtors
Trade and other debtors are recognised at the setlement amount due after any trade disount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
g) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account..
h) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount diue to settle the obligation can be measured ore estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
i) Pensions
Contriutions to employee pension schemes are in line with government legislation.
Legal status of the Trust
The trust is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.
2. Taxation
Subject to agreement with the Inspector of Taxes, the company is exempt from the payment of any Taxes to the extent it is a registered charity and not liable for Income Tax or Corporation Tax on income derived from its charitable activities. The company does not have a liability to register for VAT.
3 Surplus for the period
The surplus for the period is stated after charging:
| Depreciation 4 Staff costs Staff costs were as follows: Salary and pension costs Social Security costs Numbers of full time employees or full time equivalents Independent Examiners fees ( Inc VAT) - Brookfield & Co |
2021 £ 1,580 1,070 2021 £ 57,334 - 57,334 2021 £ 3 |
2020 £ 1,024 1,600 2020 £ 75,929 3,430 79,359 2020 £ 3 |
|---|---|---|
No employee had emoluments in excess of £60,000 (2020:Nil) Pension costs are allocated to activities in proportion to the related staffing costs incurred.
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SECOND WAVE: CENTRE FOR YOUTH ARTS Notes to the Accounts for the year ended 31 March 2021
| 5 Voluntary Income - Grants LB of Lewisham - Community services Home Office Tudor Trust Mayors Office for London JRS Grants 6 Other Income Donations, memberships, workshops and box office 7 Analysis of project, governance and support costs Charitable activities Staff Costs Project Costs Per project Support costs allocated to projects Per project Governance Costs Independent Examiners remuneration Governance Pro rata staff hrs by project Basis of apportionment |
Restricted Unrestricted £ £ - 35,000 20,000 - 20,126 - - - 48,098 - 88,224 35,000 - 18,520 - 18,520 £ £ 45,104 7,530 73,260 - 6,582 - 124,946 7,530 - - - 124,946 7,530 General support Project expenses |
2021 Total £ 35,000 20,000 20,126 - 48,098 123,224 18,520 18,520 £ 4,700 - - 4,700 1,070 1,070 5,770 Governance Function |
2020 Total £ 47,140 14,460 - 7,500 - 69,100 109,887 109,887 2021 Total £ 57,334 73,260 6,582 137,176 1,070 1,070 138,246 |
|---|---|---|---|
8 Tangible fixed assets
| Cost Balance at 1 April 2020 Additions in the year Balance at 31 March 2021 Depreciation Balance at 1 April 2020 Charge for the year Balance at 31 March 2021 Net Book Value At 31 March 2021 At 31 March 2020 |
Total £ £ 45,498 45,498 2,177 2,177 47,675 47,675 44,459 44,459 1,580 1,580 46,039 46,039 1,636 1,636 1,039 1,039 Furniture and Equipment |
|---|---|
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SECOND WAVE: CENTRE FOR YOUTH ARTS Notes to the Accounts for the year ended 31 March 2021
| 9 Debtors Grants and other Income receivable Other debtors 10 Creditors: amounts falling due within one year Deferred Income Other accruals 11 Analysis of net assets between funds Fixed assets Current Assets Current Liabilities 12 Analysis of net assets between funds At Incoming 1/4/20 Resources £ £ Restricted Funds: Home Office 20,000 Tudor Trust 20,126 JRS Grants 48,098 Total Restricted Funds - 88,224 Unrestricted Funds: Designated contingency fund 11,000 - Other unrestricted funds 31,345 53,538 Total Unrestricted Funds 42,345 53,538 Total Funds 42,345 141,762 |
Funds £ - - - - Outgoing Resources £ 20,000 20,126 48,098 88,224 - 50,022 50,022 138,246 Restricted |
2021 2020 £ £ 44,722 22,233 6,169 - 50,891 22,233 2021 2020 £ £ 85,553 32,459 20,946 13,229 106,499 45,688 Unrestricted Funds Funds Funds £ £ 1,636 1,636 150,724 150,724 (106,499) (106,499) 45,861 45,861 At Transfers 31/3/21 £ £ - - - - - - 11,000 - 34,861 - 45,861 - 45,861 |
|---|---|---|
Restricted Funds:
Restricted Funds are for provision of programmes specified by the funders
Designated contingency fund
To cover periods when payments from funders have been delayed and to protect against possible insolvency
13 Related party transactions and trustees' remuneration
Trustees received no emoluments (2020 £nil). No expenses were paid in the period (2020 £nil).
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