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|Contents|||||||
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|Charity Reference and|Administrative||Details||||
|Trustees'
Annual
Report|||||||
|Independent
Auditor's|Report||||||
|Statement of Financial|Activities|(Including||Income and Expenditure|Account)|12|
|Balance Sheet||||||13|
|Statement ofCash Flows|||||||
|Notes to the Financial|Statements|||||15|
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
||||Note|funds
f|fundsf|Totalf|Totalf|
|income and endowments||from:||||||
|Core funding||||337,772||337,772|546,491|
|Charitable
activities||||631,809|722,720|1,354,529|1,703,556|
|Investments||||1,527||1,527|82|
|Other income||||9,800||9,800|4,492|
|Total income and endowments||||980,908|722,720|1,703,628|2,254,621|
|Expenditure
on:||||||||
|Raising funds||||10,321||10,321|105,209|
|Charitable
activities|||6|728,255|943,561|1,671,816|2,031,802|
|Total expenditure||||738,576|943,561|1,682,137|2,137,011|
|Net income I(expenditure)|||7|242,332|(220,841)|21,491|117,610|
|Transfers
between|funds|||~2220, 841|220,841|||
|Net movement
in funds|||15|21,491||21,491|117,610|
|Reconciliation
offunds:||||||||
|Total funds brought|forward||15|265,413||265,413|147,803|
|Total funds carried|forward||15|286,904||286,904|265,413|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Note|6|6|
|Fixed assets|||||||
|Tangible assets|||||1,340|3,757|
|Current assets|||||||
|Debtors||||12|133,344|215,138|
|Cash at bank and|in|hand|||607,685|530,333|
||||||741,029|745,471|
|Creditors: amounts||falling|due within one year|13|(455,465)|(483,815)|
|Net current assets|||||285,564|261,656|
|Total assets less|current||liabilities||286,904|265,413|
|Net assets|||||||
|Charitable
Company||Funds|||||
|Restricted funds||||15|||
|Unrestricted
funds||||15|286,904|265,413|
|Total charity funds|||||286,904|265,413|
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|Core Funding|||
|---|---|---|
||2023|2022|
||E|E|
|Greenwich
Council|80,000|80,000|
|Arts Council of England|254,091|254,091|
|Cultural
Recovery Fund||205,451|
|Donations
and legacies|1,746|6,949|
|Gift aid receivable|1,935||
||337,772|546,491|
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|Income from donations
and legacies is wholl
Income from charitable
activities|y attributable
to unrestricted
funds
in both fi|nancial years.|
|---|---|---|
||2023|2022|
|||E|
|Grants|963,546|1,416,035|
|Fees &Other|390,983|287,521|
||1,354,529|1,703,556|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Interest —deposits||(unrestdicted|funds)|1,527|82|
|Other Income||||||
|||||2023|2022|
|||||E|E|
|Consultancy|income||||4,492|
|Miscellaneous||||9,800||
|||||9,800|4,492|
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|Analysis ofexpenditure
on charitable
activities|||
|---|---|---|
||2023|2022|
||F|8|
|Payroll|257,667|237,684|
|Direct Costs|1,331,003|1,707,232|
|Depreciation
Support Costs
Board expenses
Audit and accountancy
Bank Charges|2,417
55,763
1,552
22,540
874|7,321
54,451
1,120
22,905
1,089|
||1,671,816|2,031,802|
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|||2023|2022|
|---|---|---|---|
|||Number|Number|
|Charitable
activities||8|6|
|The total staff costs and employees|benefits were as follows:|||
|||2023|2022|
|Wages and salariies
Social security
Pension
contributions||226,983
23,140
7,544|210,959
20,178
6,547|
|||257,667|237,684|
|One employee
(2022 —one) received total employee
between 870,001 - 680,000 (2022—one).|benefits|(excluding|employer|pension
costs) of|
|---|---|---|---|---|
|Tangible fixed assets|||||
|||||Total|
|Cost or valuation:||||6|
|At 1 April 2022
Additions||||78,301|
|At 31 March 2023||||78,301|
|Depreciation:|||||
|At 1 April 2022
Charge for the year||||74,544
2,417|
|At 31 March 2023||||79,961|
|Net book value:|||||
|At 31 March 2023||||1,340|
|At 31 March 2022||||3,757|
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|Debtors||||
|---|---|---|---|
|||2023
F|2022f|
|Trade debtors||22,500|30,612|
|Prepayments
Other debtors|and accrued income|108,909
1,935|177,154
7,372|
|||133,344|215,138|
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|Creditors: amounts|failing due within one year|||
|---|---|---|---|
|||2023|2022|
|Trade creditors||68,489|44,485|
|Other tax and social security
Accruals and deferred
income (see note 14)||15,082
371,894|7,568
431,762|
|||455,465|483,815|
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|Deferred|income||
|---|---|---|
|||Total|
|||5|
|At 1 April
Additions
Amounts|2022
during the year
released to income|48,610
145,750
(48,610)|
|At 31 March 2023||145,750|
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||Balance at 1||||Balance at 31|
|---|---|---|---|---|---|
||April 2022
f|Income
f|Expenditure
f|Transfers
f|llllarch 2023
f|
|Unrestricted||980,908|(738,576)|(231,768)|10,564|
|Designated|265,413|||10927|276 340|
||265,413|980,908|(738,576)|(220,841)|286,904|
||Balance at 1||||Balance at 31|
||April 2021
f|Income
f|Expenditure
f|Transfers
f|March 2022
f|
|Unrestricted||1,431,607|(1,122,504)|(309,103)||
|Designated|147,803|||117,610|265,413|
||147,803|1,431,607|(1,122,504)|(191,493)|265,413|
|Restricted funds||||||
|---|---|---|---|---|---|
||Balance at 1||||Balance at 31|
||April 2022
f|Income
f|Expenditure
f|Transfers|March 2023
f|
|Restricted||722,720|(943,561)|220,841||
|||722,720|(943,561)|220,841||
||Balance at 1||||Balance at 31|
||April 2021
f|Income
f|Expenditure
f|Transfers
f|March 2022
f|
|Restricted||823,014|(1,014,507)|191,493||
|||823,014|(1,014,507)|191,493||
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|Reconciliation
of net expenditure
to net cash flow fro|m operating
activities||
|---|---|---|
||2023|2022|
||8|9|
|Net expenditure
for the year|21,491|117,610|
|Depreciation
oftangible fixed assets
Decrease I(increase)
in debtors
(Decrease) Iincrease
in creditors|2,417
81,794
(28,350)|7,321
(187,087)
(23,154)|
|Net cash flow from operating
activities|77,352|(85,310)|
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|Related party transactio|ns|ns|ns||||||
|---|---|---|---|---|---|---|---|---|
|Information
about related|party transactions|||and outstanding||balances|is outlined|below:|
||||||||Income|Expenditure|
||||||||8||
|Royal Borough ofGreenwich||represented|by|Miranda|Williams||||
|At March 2023|||||||160,000||
|At March 2022|||||||176,000||