2023-03-31-accounts

				Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report				2-7
Chair's Statement and	Treasurer's		Statement	8-9
Independent Auditors'	Report	on	the Financial Statements	10-13
Statement of Financial	Activities			14
Balance Sheet				15
Statement of Cash Flows
Notes to the Financial	Statements			17-31

		Reference	and Administrative	and Administrative	Details	ofthe Charity,	ofthe Charity,	its Trustees and Advisers	its Trustees and Advisers
			For the Year Ended 31 March					2023
Trustees			Ann Gilmore
			Sarah Kogan
			Julian Sherwood		(resigned	15October	2022)
			Jenny White
			Tim Hollaway
			Alessandro lobbi,		Treasurer (co-opted		16	November	2022)
			Tejinderkeet	Kaur Padam		(co-opted 8	March 2023)
			Ema O'Donovan		(co-opted	8 March 2023,		retired 31	August 2023)
			Charley Peters (co-opted 12July 2023)
Company	registered
number			03012557
Charity registered
number			1045363
Registered		office	Harold Works
			Harold Wharf
			6Creekside
			Deptford
			London
			SE84SA
Co-Chairs	of Trustees		Ann Gilmore	&Jenny White
Independent		auditors	Acuity Professional		Partnership LLP
			Chartered Accountants and			Registered	Auditors
			11 Leadenhall	Street
			London
			EC3V 1LP
Bankers			The Co-operative		Bank pic
			151 Lewisham	High Street
			London
			SE136AA

					2023		2022
APT Gallery exhibitions					23		20
Artists exhibiting in the APT	Gallery				182		310
Education events-total					66		60
Artists' talks by Gallery	exhibitors			17		20
Gallery visits				1		10
Workshops				10		2
Symposium / panel discussion
South London Art Map	Last Fridays- events &tours
Events / performances	(APT	LIVE 2018)		24
Conversations with Art				1
Sharing shorts film nights
Peer Sessions
Turps Banana studio visits
Fact finding/studio visits				12
APT Project supported
Creekside Open
Outreach projects / meetings
Mentoring programmes
Student Placements
Collaborators / funding organisations
Visitors to Open Studios					1,500
Total number of visitors to all	events	of APT			5,475		5134
Total number of Visitor to all Gallery		Programme	and Events		6,975		5,134

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2023 2	2023 2	2023 2	2022f
Income from:
Donations				7,760	7,760
Charitable activities		3	17,002		17,002	12,938
Rental income			132,698		132,698	135,349
Other income			12,616		12,616	56,230
Total income			162,316	7,760	170,076	204,517
Expenditure on:
Charitable activities		4	148,857	16,669	tL5,526	124,419
Total expenditure			148,857	16,669	165,526	124,419
Net movement in funds			13,459	(8,909)	4,550	80,088
Reconciliation offunds:
Total funds brought	forward		816,592	338,145	1,154,737	1,074,639
Net movement in funds			13,459	(8,909)	4,550	80,098
Total funds carried	forward		830,051	329,236	1,159,287	1,154,737

	F	or t	he Year End	ed 31 March 2023
					2023 2	2022f
Cash flows from operating	activities
Net cash used in operating	activities				17,507	103,738
Cash flows from investing	activities
Net cash provided by investing activities
Cash flows from financing	activities
Repayments of borrowing					(14,894)	(13,298)
Fixed asset purchases					(926)
Net cash used in financing	activities				(15,820)	(13,296)
Change in cash and cash	equivalents	in	the year		1,687	90,442
Cash and cash equivalents	at the beginning		of the year		221,597	131,155
Cash and cash equivalents	at the end	of	the year		223,284	221,597
The notes on pages 17to 31 form part of these financial				statements

		Unrestricted	Total	roraf
		funds	funds	funds
		2023	2023	2022
		2	2
Income from charitable	activities-	7	7	98
Gallery Exhibitions		16,995	16,995	12,840
Total 2023		17,002	17,002	12938
Total 2022		12938	12,938

		Unrestricted	Restricted
		funds	funds	Totai
		2023	2023	2023
		9	2	9
Expenditure	on governance	5,490		5,490
Direct costs:	Gallery	2,954	4,319	7,273
Administrative	expenses	140,413	12,350	152,763
Total 2023		148,857	16,669	165,526
		Unrestricteo	Restricted
		funds	funds	Total
		2022f	2022	2022
Expenditure	on governance	4,410		4,410
Direct costs:	Gallery	2,507		2,507
Administrative	expenses	105,938	11,586	117,502
Total 2022		112,853	11,588	124,419

		Direct	Support	Total
		activities	costs	funds
		2023	2023	2023
		2	2	2
Expenditure	on governance		5,490	5,490
Direct costs:	Gallery	7,273		7,273
Administrative	expenses		152,764	152,764
Total 2023		7,273	158,254	165,526

Analysis of	ex	penditure by activities (continued	)
			Direct	Support	Totai
			activities	costs	funds
			2022	2022f	2022f
Expenditure	on	governance		4,410	4,410
Direct costs:	Gallery		2,507		2,507
Administrative		expenses		117,502	117,502
Total 2022			2,507	121,912	124,419
Analysis of	support costs
				Total	Total
				funds	funds
				2023	2022
Staff costs				54,503	49,406
Depreciation				17,610	17,508
Insurance				8,823	7,509
Light and heat				7,479	3,940
Office supplies				2,586	2264
Equipment leasing				870	1,428
Premises, repairs and maintenance				28,265	16,164
Telephone and		internet		3,251	3,075
Licences				159	323
Legal and professional				2,041	13
Water, rates	and refuse removal			14,968	10,659
Website and	mailout			5,639	2,028
External loan	interest			1232	1,236
Sundry expenses				2,176	1,224
Advertising				712	725
Freelance				2,450
Governance costs				5,490	4,410
Total 2023				158,254	121,912

							2023	2022
Fees payable to the Charity's		auditor			for the audit of the Charity's	annual
accounts							2,530	2,410
Fees payable to the Charity's		auditor			in respect of:
All accounting fees not included			above				2,960	2,000
Staff costs
							2023	2022f
Wages and	salaries						52,795	42,987
Social security costs							607	3,4f6
Contdbution	to defined contribution			pension schemes			1,102	3,002
							54,504	49,405

The	average number	of persons employed	by the Charity during the year was as follows:
			2023	2022
			No.	No.
Full	time manager
Part	time administrative	worker

		Freehold	Freehold	Office
		land	property	equipment	Total
			2
	Cost or valuation
	At 1 April 2022	460,000	849,527	11,780	1,321,307
	Additions			926	926
	At 31 March 2023	460,000	849,527	12,706	1,322,233
	Depreciation
	At 1 April 2022	110,000	202,870	10,228	323,098
	Charge for the year		16,991	620	17,611
	At 31 March 2023	110,000	219,861	10,848	340,709
	Net book value
	At 31 March 2023	350,000	629,666	1,858	981,524
	At 31March 2022	350,000	545,557	1,552	988,209
10.	Debtors
				2023	2022
	Due within one year
	Other debtors			13,583	8,600
	Prepayments			12,714	2,074
				26,297	10,674

	2023f	2022f
Bankloan	8,889	8,210
Trade creditors	11,291	37
Tenants' deposits	19,655	19,178
Other creditors	511	250
Accruals	4,418	4,887
Bounce back loan	8,516	6,745
	53,280	39,307

	2023 2	2022f
Bank loan	734	8,894
Bounce back loan	17,804	27,543
	18,538	36,437

Statement of funds	Statement of funds	Notes to the For the Year	Financial Stateme Ended 31 March	nts 2023
Statement offunds - current		year
						Balance at
			Balance at 1			31 March
			April 2022 2	Income 2	Expenditure 2	2023 f
Unrestricted funds
Designated funds
Designated Funds - all funds			15,381			15,381
General funds
General Funds - all funds			801,211	162,317	(148,857)	814,671
Total Unrestricted funds			816,592	162,317	(148,857)	830,052
Restricted funds
Deptford Challenge Trust	(1996)		23,499		(1,022)	22,477
Creekside SRB(1998)			70,151		(2,806)	67,345
Foundation for Sport tt The Arts (1999)			17,881		(688)	17,193
Greenwich SRB(1999)			17,372		(668)	16,704
Greenwich SRB(1999)			55,039		(2,117)	52,922
London Development Agency		(2001)	78,134		(2,791)	75,343
Foyle Foundation (2013)			19,659		(491)	19,168
City Bridge Trust (2015)			41,280		(983)	40,297
Arts Council Emergency	Fund		7,153			7,153
Creative Land Trust Hardship		Fund	2,077			2,077
The Fenton Arts Trust Fund			5,900	6,000	(3,343)	8,557
Creative Change Grant for project SHAPE
Lab				1,760	(1,760)
			338,145	7,760	(16,669)	329,236
Total offunds			1,154,737	170,077	(165,526)	1,159,288

							Balance at
				Balance at 1			31March
				April 2021 f	Income	Expenditure f	2022 f
Unrestricted funds
Designated funds
Designated Funds-	all funds			15,381			15,381
General funds
General Funds - all	funds			709,547	204,517	(112,853)	801,211
Total Unrestricted	funds			724,928	204,517	(112853)	816,592
Restricted funds
Deptford Challenge	Trust	(1996)		24,521		(1,022)	23,499
Creekside SRB(1998)				72957		(2,806)	70,151
Foundation for Sport	&The Arts (1999)			18,569		(688)	17,881
Greenwich SRB(1999)				18,040		(668)	17,372
Greenwich SRB (1999)				57,156		(2,117)	55038
London Development	Agency		(2001)	80,925		(2,791)	78,134
Foyle Foundation (2013)				20,150		(491)	19,859
City Bridge Trust (2015)				42,263		(983)	41,280
Arts Council Emergency		Fund		7,153			7,153
Creative Land Trust	Hardship		Fund	2,077			2,077
The Fenton Arts Trust Fund				5,900			5,900
				349,711		(11,566)	338,145
Total offunds				1,074,639	204,517	(124,419)	1,154,737

					Balance at
		Balance at 1			31 March
		April 2022 2	Income 2	Expenditure f	2023f
Designated	funds	15,381			15,381
General funds		801,211	162,317	(148,857)	814,671
Restricted	funds	338,145	7,760	(16,669)	329,236
		1,154,737	170,077	(165,526)	1,159,288

					Balance al
		Balance al			31March
		1 April 2021f	Income f	Expenditure f	2022f
Designated	funds	15,381			15,381
General funds		709,547	204,517	(112853)	801,211
Restricted	funds	349,711		(11,566)	338,145
		1,074,639	204,517	(124,419)	1,154,737

Analysis	of n	et assets between funds - curren	t year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2023f	2023f	2023f
Tangible	fixed	assets	652,289	329,236	981,525
Current	assets		249,581		249,581
Creditors	due	within one year	(53,280)		(53,280)
Creditors	due	in more than one year	(18,538)		(18,538)
Total			830,052	329,236	1,159,288

	Analysis of net ass	ets between	funds -	prior year
					Unrestrictea	Restricted	Total
					funds	funds	funds
					2022	2022	2022f
	Tangible fixed assets				660,064	338,145	998,209
	Current assets				232272		232,272
	Creditors due within	one year			(39,307)		(39,307)
	Creditors due in more than one year				(36,437)		(36,437)
	Total				816,592	338,145	1,154,737
22.	Reconciliation of net movement		in funds to net cash flow from operating			activities
						2023 2	2022f
	Net income for the year (as per Statement			of Financial	Activities)	4,550	80,098
	Adjustments for:
	Depreciation charges					17,611	17,508
	Decrease/(Increase)	in debtors				(15,623)	5,914
	Increase in creditors					10,969	218
	Net cash provided by operating		activities			17,507	103,738
23.	Analysis ofcash and cash equivalents
						2023 2	2022f
	Cash in hand					223,284	221,597
	Total cash and cash	equivalents				223,284	221,597

		At 1 April		At 31 March
		2022	Cash flows	2023f
Cash	at bank and in hand	221,598	1,686	223,284
Debt	due within 1 year	(14,955)	(2,450)	(17,405)
Debt	due after 1 year	(36,437)	17,899	(18,538)
		170,206	17,135	187,341