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