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||Page|
|---|---|
|ReferenceandAdministrative Details|1|
|ReportoftheBoardofTrustees|2to7|
|Auditor's Report|8to10|
|StatementofFinancial Activities|11|
|Balance Sheet|12|
|StatementofCash Flows|13|
|Notes tothe Financial Statements|14to23|





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|Company Number:|04076191 (England&Wales)|
|---|---|
|Charity Number:|1087668|
|Registered Office:|72 MorayRoad|
||London|
||N4 3LG|
|Principal AddressofCharity|72 MorayRoad|
||FinsburyPark|
||London|
||N4 3LG|
|Trustees(Directors)||
||Terrence Collis(chair)|
||BrianWatson|
||HeatherWignall(Resigned 18Ocl2022)|
||MikeCravt¡ford|
||Simon Schiff(Resigned7February2023\|
||NedaHormozi|
||Svetlana Kirov|
||Richard Gould(Appointed19October2022)|
|Secretary:|Karen lrons|
|Auditors:|Moore Kingston SmithLLP|
||9Appold Street|
||London|
||EC2A2AP|
|Bankerc:|ClydesdaleBankplc|
||91Gresham Street|
||London|
||NW31QD|





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||Note|UnrestrictedRestricted<br>Funds<br>Funds<br>eÊ|UnrestrictedRestricted<br>Funds<br>Funds<br>eÊ|Total<br>2022<br>€|Total<br>2021<br>Ê|
|---|---|---|---|---|---|
|lncomefrom||||||
|Donations|2|229,679||229,679|527,454|
|Legacies|2|1,250||'t,250||
|Grants|2|74,580|42,O00|I16,580|2',12,545|
|COVID-1ISupport Grants|2||||29,805|
|lnvestments|3|2,486||2,486|2,609|
|Total||307,99442,OOO349,994|||772,413|
|Expenditure on:||||||
|Raising funds|6|86,837||86,837|84,768|
|Charitable activities|6,12|527,858|65,553|593,411|506.905|
|Total||614,695|65,553|680,248|591,673|
|Netincome||(306,701)|(23,553)|__ß3îr54\___l8ol4o||
|Transfers betweenfunds|12|95,064|(s5,064)|||
|Netmovement infunds||(2't1,637)<br>(1I8,617)||(330,254)|180,740|
|Fund balance brought forward at1October<br>2021|12|'1,346,557|266,845 1,613,4021,432,662|||
|Fund balance carriedforwardat 30<br>September2022|12|1,134,920|148,228 1,283,148'l,6'13,402|||





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||Notes|2022|2021|
|---|---|---|---|
|||€|e|
|Fixed assets:<br>Tangible assets|I|363,067|375,966|
|Totalfixedassets||363,067|375,966|
|Current assets:<br>Debtors|I|23,443|88,739|
|Cash at bankandin hand||9',15,282|1,160,076|
|||938,725|1,248,815|
|Liabilíties:||||
|Creditors: Amounts falling due<br>within oneyear|10|(18,644)|(11,379)|
|||920,081|1,237,436|
|Netassets||1,283,148||
|Thefundsofthe charity:||||
|Designated Funds|12|936,067|1,058,966|
|General Funds|12|198,853|287,591|
|Restricted Funds|12|148,228|266,845|
|TOTALFUNDS||1,283,148|1,613.402|



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||2022|2021|
|---|---|---|
||€|â|
|Cashflows fromoperatingactivities|||
|Netcash provided by operating activities|(247,279)125,578||
|Cashflows frominvestingactivities|||
|lnterest from investments|2,486|2,609|
|Cashflows from financing activities|||
|Repayments of borrowing|||
|Ghangein cash and cashequivalenbinthereportingperiod|(244,794)|128,187|
|Cash and cash equivalentsatthe beginningofthe reportingperiod|1,160,076|'t,031,889|
|Gashand cash equivalentsatthe endofthereportingperiod|915,282|1,160,076|
|Reconciliationofnet income/(expenditure)tonetcashflowfromoperatingactivities|||
||2022|2021|
||€|€|
|Netincomefor the reportingperiod(as perthe<br>statement offinancial activities)|(330,253)180,740||
|Adjustmentsfor:|||
|Depreciation charges|12,899|14,511|
|Adjust prior year depreciation||7,891|
|lnterest from investments|(2,486\|(2,60e)|
|Decrease/(increase)indebtors|65,296|(6e,037)|
|lncrease/(decrease)increditors|7,266|(5,e18)|
|Netcash provided by operatingactivities|(247,279)125,578||





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|2|VOLUNTARYINCOME|Unrestricted|Restricted|2022|
|---|---|---|---|---|
|||Funds|Funds|Total|
||2022|Ê|Ê|Ê|
||Donations|229,679||229,679|
||Legacies|1,250||1,250|
||Grants|74,580|42,000|116,580|
|||305.509|42,000|<br>347,509|
|||Unrest¡icted|Restricted|2021|
|||Funds|Funds|Total|
||2021|Ê|Ê|c,|
||Donations|527,453||527,453|
||Grants|167,545|45,000|212,545|
||COVID-1ISupport Grants|29,806||29,806|
|||724,804|__11999_199É91-||
|3|INVESTMENT INCOME||2022|2021|
||||E|â|
||Bank lnterest||___3^86_|___?.60e|



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|During the year under review the charity maintainedthe<br>permitted by its governing document.<br>AFFcosrs|CharityTrusteesindemnity insurance cove|r as|
|---|---|---|
|sr|2022<br>Êe,|zozl|
|Salary<br>Social security costs<br>TemporaryStaff<br>Employer Pension contributions|432,226<br>40,346<br>8,'101<br>8,3'14|383,413<br>30,175<br>7,344<br>8,072|
||_188,s8?__429,004_||





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|6|EXPENDITURE|Raising|Charitable|Governance|Total|
|---|---|---|---|---|---|
|||Funds|Activities|Costs|2022|
|||Ê|€,|e|€|
||2022|||||
||Salaries and National lnsurance|86,281|402,705||488,987|
||Recruitment and training||42,763||42,763|
||Supervision and volunteer expenses||8,157||8,157|
||Internet and lT expenses||26,986||26,986|
||Household expenses||2,808||2,808|
||Postage and stationery||2,267||2,267|
||Cleaning and repairs||10,669||10,669|
||Travelexpenses||1,191||I,'t91|
||Guest direct expenses, including food||4,614||4,6'14|
||Rates||840||840|
||Telephone||6,837||6,837|
||Electricity, gas andwater||5,016||5,016|
||lnsurance||8,843||8,843|
||Sundry expenses||2,120||2,120|
||Audit and accountancy fees||4,343|11,846|16,189|
||Bank interest and charges||1,857||1,857|
||Fundraising costs|556|||556|
||Depreciation||12,899||12,899|
||Evaluation and Consultancy||312||312|
||Legal|||10,440|10,440|
||Subscription and membership||2,054||2,054|
||Director expenses||4,558||4,558|
||Studio office expenses||18,465||18,465|
||Outreach set-up and expenses||820||820|
|||86,837|571,124|22,286|__98021!_|
||Allocation of governance costs||22,286(22,286)|||
||Totals|86,837|593,411||680,248|





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|6|EXPENDITURE|Raising|Charitable|Governance||Total|
|---|---|---|---|---|---|---|
|||Funds|Activities|Costs||2021|
|||€|Ê|€||I|
||2021||||||
||Salaries and National lnsurance|82,809|346,195|||429,004|
||Recruitment and training||24,644|||24,644|
||Supervision and volunteer expenses||28,969|||28,969|
||lnternet and lT expenses||20,734|||20,734|
||Household expenses||2,473|||2,473|
||Postage and stationery||2,771|||2,771|
||Cleaning and repairs||4,444|||4,444|
||Travel expenses||390|||390|
||Food||1,506|||1,506|
||Rates||80|||80|
||Telephone||8,654|||8,654|
||Electricity, gas andwater||2,178|||2,178|
||lnsurance||7,465|||7,465|
||Sundry expenses||1,860|||'1,862|
||Audit and accountancy fees||2,538|9,290||11,828|
||Bank interest and charges||650|||650|
||Fundraising costs|1,959||||1,959|
||Advertising||1,200|||1,200|
||Depreciation||14,511|||14,511|
||Lossondisposal offixedasset||7,891|||7,891|
||Evaluation and Consultancy||259|||259|
||Legal|||13||13|
||Subscription and membership||2,491|||2,491|
||Director expenses||361|||361|
||Studio office expenses||15,285|||15,285|
||Outreach set-up and expenses||50|||50|
|||84,768|497 600|I 303||591,673|
||Allocation of governance costs||9,303|(9,303)|||
||Totals|84,768|506,903|-||591,673|
||7MOVEMENT IN FUNDS<br>Thisisstated after charging|||2022|t|2021<br>€|
||Depreciation|||12,899||14,511|
||Auditor's remuneration|||11,846||9,290|
||Auditor's remunerationfornon-audit services|||4,343||2,538|





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|8|TANGIBLEFIXED ASSETS||||
|---|---|---|---|---|
|||Freehold|Office||
|||propefi<br>Ê|Equipment<br>I|Total<br>t|
||Gost orvaluation:||||
||At1October2021|608,805|10,501|619,306|
||Additionsinyear||||
||Disposalsinthe year||||
||At30Septembe¡2022|608,805|10,501|619,306|
||Depreciation:||||
||At'lOctober2021|237,658|5,682|243,340|
||Disposals||||
||Charge for theyear|12,176|723|12,899|
||At30Septembe¡ 2022|249,8U|6,405|256,239|
||Net Book Value:||||
||At30Septembe¡2022|358,971|4,096|363,067|
||At 30 September2021|_3?1,147_|_4,819|375,966|
|9|DEBTORS||2022|2021|
||||Ê|Ê|
||Other debtors-Accounts receivable||6,990|75,000|
||Payroll debtor||1,080||
||Prepayments and Accrued lncome<br>Rent deposit||14,224<br>'t,150|12,589<br>1,150|
||||23.443|88,739|
|IO|CREDITORS DUE WITHIN ONEYEAR||2022<br>I|2021<br>Ê|
||Accruals||12,453|8,063|
||Trade Creditors||5,665|3,316|
||Other creditors||526||
||||18,644|11.379|





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|11|ANALYSIS OF NETASSETSBETWEEN|FUNDS|||||
|---|---|---|---|---|---|---|
||2022|General<br>funds||Restricted<br>funds|Designated<br>funds|Total|
||||€|€€||s|
||Fund balancesat30Septembe¡ 2022||||||
||are represented by:||||||
||Tangible fixed assets||||363,067|363,067|
||Current assets|216,971||148,754|000<br>573,|938,725|
||Current liabilities||(18,118)|(526)||(18,644)|
||Longterm liabilities||||||
||TOTALFUNDS|___1_98,999_||_148228_|__996,067_|148|
||Fund balances at||||||
||30September2021||||||
||are represented by|_28?,5s1||_266,91!_|_1999,eq9_|__1,613,402_|
||2021|General||Restricted|Designated|Total|
||||funds<br>t|funds<br>c|funds<br>€|I|
||Fund balancesat30Septembe¡2021||||||
||are represented by:||||||
||Tangible fixed assets||||375,966|375,966|
||Current assets|298,970||266,845|683,000|1,248,815|
||Current liabilities||(11,37e)|||(r 1,379)|
||Longterm liabilities||||||
||TOTALFUNDS|_287,5e1_||_?66,845_|_1,058,999_|1,613,402|
||Fund balances at||||||
||30September2020<br>are represented by:|:::|104,209287,085||1,041,368|1,432,662|





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|ye|ar ended 30 September 2022|||||
|---|---|---|---|---|---|
|I2|MOVEMENT IN FUNDS|||||
||2022|Ar1<br>October<br>2021<br>Ê|Ar 30<br>lncomingResources<br>SePtember<br>Resources ExpendedTransfers2022<br>ÊÊ€€|||
||Restrictedfunds:|||||
||Reserves-Fuserna|20,000|||20,000|
||Replication-Bristol|6,755|||6,755|
||Joe's Garden Project|78||n:,||
||lndividual donor-Replication-London<br>Fishmongers Company's CharitableTrust|3,000-|<br>30,000|(30,000)|3,000|
||TheHorners' CharityFund|-|<br>3,000|(3,000)||
||Eleanor Rathbone CharitableTrust|-|<br>3,000||3,000|
||WorshipfulCompany of lnnholders|-|<br>1,000|(561)<br>(33,561)<br>(78)|439<br> <br>33,194|
||Manchester Replication<br>Manchester Salary|-,833---5ip-o-0-<br>79,986||-<br>(79,e86)||
||Mike Christian - Manchester replication|2,509|||2,509|
||Batchworth Trust-Manchester refurbishment|15,000||-<br>(15,000)||
||MDM Memorial Trust - Manchester<br>Joe & Rosa Frenkel CT - Manchester replicatio|1,000<br>29,000||(1,000)<br>(29,000)||
||Estate of Ben Judah-Manchester replication|100,000||_|'100,000|
||lndividual donor - Replication-Manchester<br>Broome Family CharitableTrust<br>Total Manchester Replication|9,517-<br>5,000<br>--3?,,0-í7---E"o-õõ-||(1,es2)<br>(31,992)(94,986)|7,525<br>5,000<br>115,034|
|||266,84542,000 --T65F53I-Tes^o-61t-Tã72F||||
||Unrest¡ictedfunds<br>General fund|287,591|307,994|(614,695)217,963|198,853|
||Designatedfunds-Fixed assets<br>Designatedfunds-Operating reserve<br>Designatedfunds-Replication reserve|375,966<br>450,000<br>233,000||(12,8ee)<br>(110,000)|363,067<br>340,000<br>233,000|
|||I,346,557307,994 --i6i4-FgEIr5J-6-ã--îf,gF20-||||
||TOTALFUNDSAT30SEPTEMB,ÊRa0.¿?1,613,402349,994<br>:::::|||(Q!q¿48)<br>-|1'283,148|
||TOTALFUNDSAT30SEPTEMBERaO2I1,432,662772,413|||(591,673)-_1,613,402_||





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|ye|ar ended 30 September 2022|||||||
|---|---|---|---|---|---|---|---|
|12|MOVEMENT IN FUNDS|||||||
||2021|At1<br>October<br>2020<br>Ê|At30<br>lncomingResources<br>SePtember<br>ResourcesExpendedTransfers202'l<br>ÊÊ€c|||||
||Restrictedfunds:|||||||
||Reserves-Fuserna|20,000|||||20,000|
||Replication - Bristol|6,755|||||6,755|
||Joe's Garden Project|78|||||78|
||Big Lottery-Reaching Comms|26,'108||(26,108)||||
||Big Lottery-New|39,125||(39,12s)||||
||lndividual donor - Replication-London|3,000<br>95,066||--(65ø¡r|||3,000<br>29,833|
||Manchester Replication<br>Manchester Salary<br>Mike Christian - Manchester replication|39,993<br>2,509|40,000|(z_'t|||79,986<br>2,509|
||Batchworth Trust - Manchester refurbishment|15,000|||||15,000|
||MDM Memorial Trust - Manchester|1,000|||||1,000|
||Joe & Rosa Frenkel CT-Manchesterreplicat|24,000|5,000||||29,000|
||Estate of Ben Judah-Manchester replication|100,000|||||100,000|
||lndividual donor-Replication-Manchester<br>TotalManchester Replication|9,517<br>192,019|45,000|(7)|||9,517<br>237,012|
||Unrestricted funds|2E7,0E5|45,000|(6Ð,24U'|||-66"s4-f|
||General fund|104,209|727,413|(526,433)|(17,5e8)||287,591|
||Designatedfunds - Fixed assets<br>Designatedfunds - Operating reserve<br>Designatedfunds-Replication reserve|398,368<br>410,000<br>233,000|||(22,4021<br>40,000||375,966<br>450,000<br>233,000|
|||1|-?2?,4-|ls26-/-3Ð|||TF6.5-si-|
||TOTALFUNDS|1,432,662772,413(591,67Ð||||-|1,613,402,|





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