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2022-08-31-accounts

Clio's Company

Charity No. 1101853

Company No. 05018549

Trustees' Report and Unaudited Accounts

31 August 2022

Clio's Company Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

Clio's Company Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 05018549

Charity No. 1101853

Registered Office

35 Pember Road London NW10 5LT

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S. Harrington S. Mexsom C. Seow M.C.P. Spafford

Accountants

Quantic Accountancy Limited 1 Second Avenue Bluebridge Halstead Essex CO9 2SU

OBJECTIVES AND ACTIVITIES

The period September 21 – August 22 was still overshadowed by COVID-19 and its aftermath. This was especially true of the circumstances faced by schools, in particular in terms of staff shortages and budgets, and consequent difficulties in planning.

Page 2

Clio's Company Trustees Annual Report

It was, therefore, especially pleasing that workshops and a live event took place as part of the Aphra Behn and After project as well as progress on the accompanying website. Young people from London primary and secondary schools took part in these, as did a group of composition students from East London/Waltham Forest Music Hub. This stage of the project also included workshops with students, both undergraduates and postgraduates, from Brunel University – a mixture of drama, digital media, creative writing and music students. A performance including live and filmed material took place at Barnard’s Inn Hall, Gresham College in June, and included semi-staged readings, dance, singing and instrumental music. There were several original pieces created by participants. Each of these was inspired by an aspect of the life of Aphra Behn, her contemporaries and the theatre and music of her time. Sadly, there was a rail strike on the day of the event – as it turned out all the performers were able to be there in person, although with less rehearsal time than we had planned. Some of the intended audience from outside London were prevent from joining us, but the performance was live streamed from Barnard’s Inn Hall. We are especially grateful to the Portal Trust for their support of this work. The project website now includes material from these workshops as well as information for researchers and teachers; there are plans for adding further music, the story of Aphra Behn’s spying career and more resources for schools.

During this period, we were able to resume some in-person workshops at All Hallows by the Tower. School groups took part in the on-line version of the “Lundenwic” workshop set in the Anglo Saxon period when there were two Londons three miles apart and the site now occupied by the church was in transition from its centuries as a grand Roman town house to a stage when it was a wayside chapel for travellers. Young people came to All Hallows for a workshop in which they created their own version of the stories of the characters and events of the time. Most schools had had few opportunities for out of school workshops in the preceding two years and were enthusiastic to work outside the classroom context. We plan to expand the offer we can make to schools for flexible, hybrid programmes to ensure as many as possible can take part in still uncertain times.

The next report will include details of further developments on the Aphra Behn project, at All Hallows and the early stages of two new projects.

MAJOR CONTRIBUTORS

Portal Trust - £31,317 National Lottery Heritage - £12,000 Worshipful Company of World Traders - £3,000 Derek Shuttleworth Trust - £3,000

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

S. Harrington Sian Harrington Trustee signed on 24/05/2023, 10:19:03 BST 16 May 2023

Page 3

Clio's Company Independent Examiners Report

Independent Examiner's Report to the trustees of Clio's Company

I report to the charity trustees on my examination of the financial statements of Clio's Company for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Stuart Foster

signed on 24/05/2023, 10:21:43 BST

Mr Stuart Foster FCCA ACCA Quantic Accountancy Limited 1 Second Avenue Bluebridge Halstead Essex CO9 2SU 16 May 2023

Page 4

Clio's Company Statement of Financial Activities

for the year ended 31 August 2022

Notes
Income and endowments
from:
Donations and legacies
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income/(expenditure)
8
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
49,508
3		 Total funds
2022
£
49,508
3		 Total funds
2021
£
45,938
-
49,511
44,970
3,859		 49,511
44,970
3,859		 45,938
47,834
2,467
48,829
-		 48,829
-		 50,301
-
682
-		 682
-		 (4,363)
-
682 682 (4,363)
682
23,350		 682
23,350		 (4,363)
27,713
24,032 24,032 23,350

Page 5

Clio's Company Balance Sheet

at 31 August 2022

Company No.
05018549
Notes
2022
£
Fixed assets
Tangible assets
10
1,605
1,605
Current assets
Debtors
11
-
Cash at bank and in hand
23,596
23,596
Creditors:Amount falling due within one year
12
(1,169)
Net current assets
22,427
Total assets less current liabilities
24,032
Net assets excluding pension asset or liability
24,032
Total net assets
24,032
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
24,032
24,032
Reserves
13
Total funds
24,032		 2021
£
2,140
2,140
10,438
11,732
22,170
(960)
21,210
23,350
23,350
23,350
23,350
23,350
23,350

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 16 May 2023

And signed on its behalf by:

Sian Harrington

signed on 24/05/2023, 10:19:03 BST S. Harrington Trustee

16 May 2023

Page 6

Clio's Company Notes to the Accounts

for the year ended 31 August 2022

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Clio's Company Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Equipment 25% Reducing balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 8

Clio's Company Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Clio's Company Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
45,938
45,938
47,834
2,467
50,301
(4,363)
(4,363)
(4,363)
27,713
23,350		 Total funds
2021
£
45,938
45,938
47,834
2,467
50,301
(4,363)
(4,363)
(4,363)
27,713
23,350

4 Income from donations and legacies

Donations
Grants
5
Income from investments
Bank interest received		 Unrestricted
£
191
49,317
49,508
Unrestricted
£
3
3		 Total
2022
£
191
49,317
49,508
Total
2022
£
3
3		 Total
2021
£
7,100
38,838
45,938
Total
2021
£
-
-

Page 10

Clio's Company Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Productions
Governance costs
7
Other expenditure
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
9
Staff costs
No employee received emoluments in excess of £60,000.		 Unrestricted
£
44,970
44,970
Unrestricted
£
2,465
535
110
749
3,859
2022
£
535
749		 Total
2022
£
44,970
44,970
Total
2022
£
2,465
535
110
749
3,859		 Total
2021
£
47,834
47,834
Total
2021
£
1,114
714
99
540
2,467
2021
£
714
540

Page 11

Clio's Company Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation
At 1 September 2021
At 31 August 2022
Depreciation and
impairment
At 1 September 2021
Depreciation charge for the
year
At 31 August 2022
Net book values
At 31 August 2022
At 31 August 2021
11 Debtors
Other debtors
12 Creditors:
amounts falling due within one year
Other creditors
Accruals
13 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds		 At 1
September
2021
23,350
23,350		 2022
£
-
-
2022
£
570
599
1,169
Incoming
resources
(including
other
gains/losses
)
£
49,511
49,511		 Equipment
£
2,854
2,854
714
535
1,249
1,605
2,140
Resources
expended
£
(48,829)
(48,829)		 Total
£
2,854
2,854
714
535
1,249
1,605
2,140
2021
£
10,438
10,438
2021
£
-
960
960
At 31
August
2022
£
24,032
24,032

Page 12

Clio's Company Notes to the Accounts

14 Analysis of net assets between funds

14 Analysis of net assets between funds
Fixed assets
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1
September
2021
£		 Unrestricted
funds
£
1,605
22,427
24,032
Cash flows
£		 Total
£
1,605
22,427
24,032
At 31
August
2022
£
11,732 11,864 23,596
11,732
11,732		 11,864
11,864		 23,596
23,596

16 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 13

Clio's Company Detailed Statement of Financial Activities

for the year ended 31 August 2022

Income and endowments from:
Donations and legacies
Donations
Grants
Investments
Bank interest received
Total income and endowments
Expenditure on:
Charitable activities
Productions
Total of expenditure on charitable
activities
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of Equipment
Bank charges
Legal and professional costs
Audit/Independent examination
fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds		 Unrestricted
funds
2022
£
191
49,317
49,508
3
3
49,511
44,970
44,970
44,970
2,465
2,465
535
110
645
749
749
3,859
48,829
-
682
682
-
682		 Total funds
2022
£
191
49,317
49,508
3
3
49,511
44,970
44,970
44,970
2,465
2,465
535
110
645
749
749
3,859
48,829
-
682
682
-
682		 Total funds
2021
£
7,100
38,838
45,938
-
-
45,938
47,834
47,834
47,834
1,114
1,114
714
99
813
540
540
2,467
50,301
-
(4,363)
(4,363)
-
(4,363)

Page 14

Clio's Company Detailed Statement of Financial Activities

Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 23,350
24,032		 23,350
24,032		 27,713
23,350

Page 15 

Signatures' technical details

Signatures

sian.harrington@fulhampalace.org

24/05/2023, 10:19:03 BST

Fingerprint

8d44fdde27c78ba5fb8523c055d5447c6ea5968d

stuart@quantic-ac.co.uk

24/05/2023, 10:21:43 BST

Fingerprint

f1818219cb8315cd11b7cf9c639f6f2ad6768edd

Event log

10.50.11.724/05/2023, 10:18:11 BST
Signing request created.
System24/05/2023, 10:18:13 BST
Notification sent to sian.harrington@fulhampalace.org.
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Signing page opened by signee sian.harrington@fulhampalace.org.
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Notification sent to stuart@quantic-ac.co.uk.
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Signing page opened by signee stuart@quantic-ac.co.uk.
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Signee stuart@quantic-ac.co.uk signed document.
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Signing process completed.
Summary
Envelope's ID:8ile7fmb
Document's hash:12584fd3a25488b21240cd7b8212511a714c701d96885a7029d4126f3624eb8b
Final stamp:24/05/2023, 10:21:46 BST

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