This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-12-31-accounts
| Contents |
Page |
| Legal and Administrative Information |
1 |
| Report of the Trustees |
2-7 |
| Independent Examiner's Report |
8 |
| Statement of Financial Activities |
9 |
| Balance Sheet |
10 |
| Statement of Charity Cash Flow |
11 |
| Notes to the Financial Statements |
12- 22 |
|
Notes |
Restricted |
Unrestricted |
Total |
Total |
|
|
2022 |
2022 |
2022 |
2021 |
| Income from |
|
|
|
|
|
| Donations and legacies |
3 |
288,702 |
225,877 |
514,579 |
416,347 |
| Charitable activities |
4 |
|
213,684 |
213,684 |
55,099 |
| Investments |
|
|
200 |
200 |
1 |
| Total Income |
|
288,702 |
439,761 |
728,463 |
471 ,447 |
| Expenditure on |
|
|
|
|
|
| Raising funds |
5 |
|
51,047 |
51 ,047 |
47,351 |
| Charitable activities |
6 |
219,838 |
289,684 |
509,522 |
456,243 |
| Total Expenditure |
|
219,838 |
340,731 |
560,569 |
503,594 |
| Net (Deficit) I Surplus before transfers |
|
68,864 |
99,030 |
167,894 |
(32,147) |
| Transfers |
|
|
|
|
|
| Net Surplus I (Deficit) |
|
68,864 |
99,030 |
167,894 |
(32,147) |
| Total funds brought forward |
|
41 ,OOO |
311,397 |
352,397 |
384,544 |
| TotalFunds carried forward |
15 |
E109,864 |
€410,427 |
E520,291 |
E352,397 |
|
|
Registered |
No: 03577462 |
|
|
Notes |
31 December2022 |
|
31 December 2021 |
| Fixed Assets |
|
|
|
|
| Tangible assets |
11 |
|
3,910 |
5,213 |
| Current Assets |
|
|
|
|
| Debtors |
12 |
72,202 |
|
89,094 |
| Cash at bank and in hand |
|
581 ,299 |
|
325,412 |
|
|
653,501 |
|
414,506 |
| Creditors, amountsfalling |
|
|
|
|
| due within one year |
13 |
137,120 |
|
67,322 |
|
|
|
516,381 |
347,184 |
| Net Current Assets |
|
|
E520,291 |
E352,397 |
| Reserves |
|
|
|
|
| Funds |
16 |
|
|
|
| Unrestricted |
|
|
410,427 |
311 ,397 |
| Restricted |
|
|
109,864 |
41 ,OOO |
|
|
|
E520,291 |
E352,397 |
|
Notes |
31 December |
2022 |
31 December |
2021 |
| Cash flows from operating activities |
|
|
|
|
|
| Net cash provided by operating activities |
18 |
|
255,687 |
|
(49,463) |
| Cash flows from investing activities |
|
|
|
|
|
| Dividends and interest from |
|
|
|
|
|
| investments and bank |
|
200 |
|
1 |
|
| Payment to acquire tangible fixed assets |
|
|
|
|
|
Net
cash
provided
by
investing |
|
|
|
|
|
| activities |
|
|
200 |
|
1 |
| Change in cash and cash equivalents in |
|
|
|
|
|
| the reporting period |
|
|
255,887 |
|
(49,462) |
Cash
and
cash
equivalents
at
the |
|
|
|
|
|
| beginning of reporting period |
|
|
325,412 |
|
374,874 |
| Cash and cash equivalents at the end |
|
|
|
|
|
| of the reporting period |
|
|
581 ,299 |
|
325,412 |
| Cash at bank and in hand |
|
|
581 ,299 |
|
325,412 |
|
Restricted |
Unrestricted |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
| Public sponsorship and grants |
91,702 |
2,500 |
94,202 |
59,350 |
| Arts Council |
|
152,760 |
152,760 |
237,986 |
| Private sponsorship, grants |
|
|
|
|
| and donations |
197,000 |
70,617 |
267,617 |
119,011 |
|
288,702 |
€225,877 |
E514,579 |
E416,347 |
| Funding from the Arts Council comprises:- |
|
|
|
|
|
|
|
2022 |
2021 |
| National PortfolioFunding |
|
|
152,760 |
152,760 |
| National Lottery Projects Grants |
|
|
|
25,664 |
| Culture Recovery Fund |
|
|
|
59,562 |
|
|
|
E152,760 |
237,986 |
| Charitable Activities |
|
|
|
|
|
Restricted |
Unrestricted |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
| Workshops |
|
5,530 |
5,530 |
958 |
| Ticket sales |
|
2,131 |
2,131 |
1,591 |
| Management fees & contracts |
|
190,000 |
190,000 |
30,550 |
| Otherincome |
|
|
|
|
| Recharges |
|
16,023 |
16,023 |
22,000 |
|
ENil |
€213,684 |
E213,684 |
E55,099 |
| 5. |
Raising Funds |
|
|
|
|
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
2022 |
2022 |
2022 |
2021 |
|
Direct Costs |
|
|
|
|
|
Wages and salaries |
|
44,391 |
44,391 |
40,858 |
|
Supportcosts (note 7) |
|
6,656 |
6,656 |
6,493 |
|
|
ENil |
E51 ,047 |
E51 ,047 |
E47,351 |
|
Restricted |
Unrestricted |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
| Direct Costs |
|
|
|
|
| Wages and salaries |
68,235 |
151,376 |
219,611 |
205,243 |
Creative programme costs
Production costs |
70,553
57,958 |
85,705
14,724 |
156,258
72,682 |
122,466
63,416 |
| Publicity/marketing |
15,979 |
11,717 |
27,696 |
32,650 |
| Supportcosts (note 7) |
7,113 |
26,162 |
33,275 |
32,468 |
|
219,838 |
289,684 |
E509,522 |
E456,243 |
| A further breakdown by |
3 key strands of activi |
ty: |
|
|
|
|
|
Total |
Total |
|
Restricted |
Unrestricted |
2022 |
2021 |
| TotallyThames |
59,590 |
56,199 |
115,789 |
116,698 |
| Education |
91,ooo |
228,042 |
319,042 |
229,351 |
| Heritage |
69,248 |
5,443 |
691 |
110,194 |
|
E219,838 |
289,684 |
E509,522 |
E456,243 |
| Support Costs |
|
|
|
|
|
2022 |
2022 |
2022 |
2021 |
|
Fundraising |
Charitable |
Total |
Total |
|
|
Activities |
|
|
| Office rent and maintenance |
2,687 |
13,433 |
16,120 |
11,453 |
| Telephone and stationery |
59 |
293 |
352 |
508 |
| IT and equipmentcosts |
1,490 |
7,447 |
8,937 |
8,062 |
| Bank interestand charges |
107 |
534 |
641 |
664 |
| Sundry costs |
651 |
3,254 |
3,905 |
7,902 |
| Governance (Note 8) |
|
7,228 |
8,673 |
9,068 |
| Depreciation |
217 |
1,086 |
1 ,303 |
1 ,304 |
|
E6,656 |
€33,275 |
E39,931 |
E38,961 |
| Governance Costs |
|
|
|
|
|
Restricted |
Unrestricted |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
| Trustees' insurance |
|
1 ,353 |
,353 |
2,298 |
| Insurance |
|
3,212 |
3,212 |
3,784 |
| Independent Examiner's fee |
|
2,000 |
2,000 |
2,900 |
| Accountancy |
|
|
|
|
| Board expenses |
|
108 |
108 |
86 |
| Board recruitment |
|
2,000 |
2,000 |
|
|
ENil |
€8,673 |
E8,673 |
E9,068 |
| StaffCostsIcont |
|
|
|
2022 |
2021 |
| Wages and salaries |
231,755 |
229,771 |
| Social security costs |
25,127 |
24,397 |
| Pension costs |
11,489 |
12,053 |
| Employers allowance |
(5,000) |
(4,000) |
|
263,371 |
262,221 |
| Tangible Fixed Assets |
|
|
|
Computer Equipment |
Total |
| Cost |
|
|
Balance@ 1 January 2022
Additions |
6,517 |
6,517 |
| Balance at 31 December 2022 |
6,517 |
6,517 |
| Depreciation_ |
|
|
| Broughtforward at 1 January 2022 |
1 ,304 |
1,304 |
| Charge for year |
1 ,303 |
1,303 |
| Balance at 31 December 2022 |
2,607 |
2,607 |
| Net book value |
|
|
| As at 31 December2022 |
E3,910 |
€3,910 |
| As at 31 December 2021 |
E5,213 |
E5,213 |
|
2022 |
2021 |
| Trade debtors |
6,134 |
(140) |
| Otherdebtors |
2,400 |
2,400 |
| VAT |
5,425 |
|
| Prepayments |
2,932 |
7,240 |
| Accrued income |
55,311 |
79,594 |
|
E72,202 |
E89,094 |
| 13. |
Creditors: amounts falling due within one year |
|
|
|
|
2022 |
2021 |
|
Tradecreditors |
1 ,295 |
4,655 |
|
Othercreditors |
11,556 |
6,625 |
|
Accruals |
18,376 |
15,126 |
|
VAT |
|
5,706 |
|
Deferred income |
105,893 |
35,210 |
|
|
€137,120 |
E67,322 |
|
Deferred income analysis |
|
|
|
Balance brought forward at 1 January 2022 |
35,210 |
7,710 |
|
Additions in the year |
105,893 |
35,210 |
|
Amounts related to incoming resources |
(35,210) |
(7,710) |
|
Balance carried forward at 31 December2022 |
E105,893 |
€35,210 |
| 14. |
Pension Costs |
|
|
|
|
2022 |
2021 |
|
Defined contribution |
|
|
|
Contributions payable by the companyfor the year |
Ell ,543 |
€12,053 |
|
|
Other |
|
Land and buildings |
Land and buildings |
|
2022 |
|
2021 |
2022 |
2021 |
| Within one year |
1 ,ooo |
|
1 ,ooo |
3,706 |
11,119 |
| Between two and five years |
2,000 |
|
3,000 |
|
32,430 |
| Funds |
|
|
|
|
|
|
Balance |
|
|
Transfer |
Balance |
|
At 1 Jan |
|
|
Between |
at 31 Dec |
|
2022 |
Income |
Expenditure |
Funds |
2022 |
| UnrestrictedFunds |
|
|
|
|
|
| General Fund |
311,397 |
439,761 |
340,731 |
|
410,427 |
| RestrictedFunds |
|
|
|
|
|
| Rothschild (Reflections) |
|
55,000 |
55,000 |
|
|
| HFL (Trinity Buoy Wharf) |
|
55,131 |
45,267 |
|
9,864 |
| Garfield Weston (ROH) |
|
50,000 |
50,000 |
|
|
| The Story of Water |
41,ooo |
|
41,ooo |
|
|
| HLF (Harland & Wolff) |
|
9,951 |
9,951 |
|
|
| GLA Royal Docks |
|
18,620 |
18,620 |
|
|
| PJP 2023 Donation |
|
100,000 |
|
|
100,000 |
|
41,000 |
288,702 |
219,838 |
ENil |
109,864 |
| Total Funds |
E352,397 |
E728,463 |
€560,569 |
ENil |
E520,291 |
| Funds relating to the year ended 31 December 2021 |
|
|
|
|
|
|
Balance |
|
|
Transfer |
Balance |
|
At 1 Jan |
|
|
Between |
at 31 Dec |
|
2021 |
Income |
Expenditure |
Funds |
2021 |
| UnrestrictedFunds |
|
|
|
|
|
| General Fund |
220,415 |
280,133 |
189,151 |
|
311,397 |
| RestrictedFunds |
|
|
|
|
|
| Tidefest |
|
4,750 |
4,750 |
|
|
| Illuminated River Project |
|
12,000 |
12,000 |
|
|
| Rivers of the World |
75,901 |
71 ,214 |
147,115 |
|
|
| The Story of Water |
48, 182 |
44,000 |
51,182 |
|
41,000 |
| The Islanders |
40,046 |
59,350 |
99,396 |
|
|
|
164,129 |
191,314 |
314
,443 |
|
41 ,ooo |
| Total Funds |
€384,544 |
E471 ,447 |
€503,594 |
|
E352,397 |
|
Fixed |
Assets |
Debtors |
Cash |
Creditors |
Net Assets |
| Restricted |
|
|
|
215,757 |
(105,893) |
109,864 |
| Unrestricted |
|
3,910 |
72,202 |
365,542 |
(31 ,227) |
410,427 |
|
|
E3,910 |
E72,202 |
€581 ,299 |
|
€520,291 |
|
Fixed |
Assets |
Debtors |
Cash |
Creditors |
Net Assets |
| Restricted |
|
|
|
41 ,000 |
|
41,000 |
| Unrestricted |
|
5,213 |
89,094 |
284,412 |
(67,322) |
311,397 |
|
|
€5,213 |
€89,094 |
2325,412 |
|
E352,397 |
| Reconciliation of Net Income to Net Cash Flow from |
Operating Activities |
|
|
2022 |
2021 |
| Net income for the reporting period |
167,894 |
(32, 147) |
| Adjustments for: |
|
|
Dividends and interest from investments and bank
Decrease/(lncrease) in debtors |
(200)
16,892 |
(1)
(52,162) |
| (Decrease)/lncrease in creditors |
69,798 |
33,543 |
| Depreciation |
1,303 |
1 ,304 |
| Net cash provided by operating activities |
E255,687 |
|
|
2022 |
2021 |
|
Total |
Total |
| Income |
|
|
| Public sponsorship and grants |
94,201 |
59,350 |
| Arts Council |
152,760 |
237,986 |
| Private sponsorship, grants and donations |
267,618 |
119,011 |
| Charitable activities |
7,661 |
2,549 |
| Other trading income |
206,023 |
52,550 |
| Interest receivable |
200 |
1 |
|
E728,463 |
E471
,447 |
| Direct Charitable Expenditure |
|
|
|
2022 |
2021 |
|
Total |
Total |
| Wages and salaries |
264,002 |
246,101 |
| Creative programme costs |
156,258 |
122,466 |
| Production costs |
72,682 |
63,416 |
| Marketingcosts |
27,696 |
32,650 |
|
E520,638 |
E464,633 |
| Administrative Expenses |
|
|
|
2022 |
2021 |
|
Total |
Total |
| Audit and examinerfees |
2,000 |
2,900 |
| Bank charges and insurance |
5,206 |
6,746 |
| Supportcosts |
32,725 |
29,315 |
|
E39,931 |
E38,961 |
| Deficit/SurpIus for the Period |
E167,894 |
|