ZODIAC ARTS TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY REGISTERED NUMBER 1106475 COMPANY REGISTERED NUMBER 04923984 LONDON AccouNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL
ZODIAC ARTS TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 CONTENTS Page Contents Administrative Infornation Report of the Trustee5 4-7 Independent Examiners Report Statement of Financial Aclivities Balan Sheet 10 Notes to the a(ounts 11-12 Detailed Income & Expendiiure 13
ZODIACARTS LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 STATUS Zodiac Arts is a charitable company limited by guarantee, incorpotated on the Ph October 2003 and regrstered as a charty on 27 October 2014 The company was established under the Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association. Under those Articles. the membeT5 of the trustees are elected at the Annual General Meeting (AGM) to serve for a period of four years subject to ratthcation al each AGM Trustees Ms Jasmine CARBON Mr Lauren CARBON Ms Laura Denise RAMSAY OVERALL Secretary Miss Olicia Jean CHARLES REGISTERED ADDRESS The Trinty Methodist Church Femhead Road, London W9 3EA INDEPENDENT EXAMINER London Accountsncy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL
ZODIAC ARTS DIRECTORSI TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Aimslobjectives and Activities of the Organisation To create more sports opportunities for people with leaming disabilities in Westminster by widening access to mainstream leisure Sep41 and creating specific sports sessions. Identsfying leisure arKI sports facilities for people wrth leaming disabilities in person ntered way. This means supporting people wtth leaming disabilities and their careers in decKling on suitable exercises depending on disabilities motivation. To facilitate the implementation of the desired exercise regime by working in partnership with local leisure services. specialist leaming disability teams. Voluntary organisabons and other stakeholders involved in the lrfe of people with leaming disabilities.
ZODIAC ARTS DIRECTORSITRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Achievements and Performance Started social Prescribing at the Bayswater Medical Centre". W2 3QA Part of the new Maida Hill Community Neighbourhood group Se- funded with my own savings I spent 3.5 weeks in the Commonwealth of Dominica dearing land for an Eden Organic Camp project to accomm(yJate wheel chair persons. student.s children and a with leaming drtIes Mild and Gross Motor Skill to be a live working agriculture Live fam as a )ncept This is a 4-t(>5-year plan. I have also started a plant nursery of long*rm crops native to the island, for example". Dwarf Coconut, Mangs. Oranges, Guavas and a crop that was lost to Hurricane Maria. This project accommodation consists of 2 log cabins. Planb'ng new trees to repla the one-s that was dying ZODIAC Arts contribution to our Carbon footprint. (See separate trustees report) Future Strategy (See separate trust report)
ZODIAC ARTS DIRECTORSI TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The results of the yearfs cf)eration are set out in the attached financial statements. The net movement in funds for the year amounted to £5.829 and -£9.042 in 2023 resF*ctrvety. The retained resee$ at 31st March 2024 amounted to-£4,950. RESERVE POLICY The Charity cMiSsion requires charities to detemiine aThJ explain their policy for free reserves. The tnjstees have rev the organisatn'S free reserves policy and have tumed tts ents.re unrestricted fund into an emergency reserve to enable ZOOIAC ARTS to meet rts oblationS in the event ot a shortfall in incc¥ne or sudden uptum in expeThJiture. RISK MANAGEMENT The trustees have examined the major Tisks vthich ZODIAC ARTS faces and believe that maintaining their free reseTres at a reasonable level, combined with their annual review of the controls over key finanaal systems will provide sufficEnt resources in the event of adveTre condrtJ"ons. The trustees have also examined other operational and business risks whieh they fa and confimi that they have estsbl1shj SyStnS to mrtKJate the significant risks. TANGIBLE FIXED ASSETS The office equipment has been caprtalwl and depreciated at 33% FUNDS AVAILABLE The present level of funding is adequate to support Continua'On of the charty operations for the mlIuM term, and the trustees consider the financial posttion ofthe chartty to be salisfartory. VOLUNTEERS ZODIAC ARTS recognises the significant contribulior6 made by the volunteers.
ZODIAC ARTS STATEMENT OF TRUSTEES RESPONSIBILlEs FOR THE YEAR ENDED 31 MARCH 2024 Company law requires the trustees who are also the directors are required to prepare financial statements which give a true and fair view of the stat& of affairs of the charitable company and the surplus or deficrt of the company for that year. In preparing these financial statements, the trustees are required to: select suitable accounkn'ng policies and apply them consistentty,. Observe the meth(xls and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent: State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements-, prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the project will continue in operation. The trustees are responsible for kpIng proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The report is prepared in accordan with the special provisions of the Companies Act 20{ relating to small companies. The report is approved by the trustees and is signed on its behalf by Mr. Laurence CARBON Trustse Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZODIAC ARTS FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of the Charity for the year ended 31 Marth 2024, vthich are set oui on pages 12 to 13. Responsibilities and basis of report As the chanty's trustees. you are restK)nsitAe for preparab'on of the ac(xxJnts in accordance wth the requirements of the ChanS Ad 2011 The charivs trustees conshler that an audit is not required for this year Ljnder section 144(2) of ihe Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I report in re8Fect of my examination of the chartWs accounts carried out under section 145 of the 2011 Ad and in Cng OLrt my examination I have followed all the all the applicable Directlons given by the Charity CommisSn under secb'on 14515){b) ofts2011 ACL Independent examiners ststement I have completed my examination. I confirm that no material matters have come to my attention in connerAion wth the examinatK)n {other than that disclosed beli)w which gives me Cause to beIve that in any material resFect: the a¢UntIng records not kept in aC¢dance *ryth section 130 of the Charities Act: or the account5 did not accord t. accounting records; or the a¢Unts did not comply 7Mth the applicable requirnents conceming the form and contents of accounts set out in the Charities (Accounts aThJ ReForts) Regulations 2008 other than any requirements that the accounts give a knje and fairf which is not a matter con&dered as part of an independent examinalion. I have no concems arKI have come across no other matter in connection with the examination to which attention should be drawn in this report in order in order to enable a proFer understanding of the accounts to be reached Stgned... A. Adebambo, M AGKi4. CGMA. London Accountancy Practi. Sojc4Jmer TrLrth Community Centre 161 Sumner Road LorKlon SE15 6JL CG.
ZODWC ARTS STATEMENTOF FINANCL4L ACTrWTIES FOR THE YEAR ENDED 31 MARCH 2024 2023 Total Fund INCOMIMG RESOURCES ilnreslrktsd R•strlctsd Total Fund Fund F)d (£1 Gfatrts armj D(Matior P4JM"bes for itKLKT 34,312 34.312 22.758 Totsl Inconlng Resou 312 0 4312 22,758 Costof yneraling funds 28,42 31.800 Total Resources expended 28A82 31800 Ior0 Rescu -9,042 F1 barS tL[rd -10701 -78 -10779 -1.737 Fd bdancej canied forwwd 4@n 4950 -10.r19
ZOD¢ ARTS BALANCE SHEET AS AT31 ILARCH 2024 2024 2023 FIXEOASSETS TaTrJible assets 1TT CURRENT ASSET Debiors Cashkn Bar* 7.254 2427 7254 1627 CURRENT UIBLtTies Accru$ Oiiecloi s k4nacc¢x 550 11.654 13383 .10.958 NetCurr•ntAssets 4.950 -10.779 FUNOS: UNesmued Fwj Resthtted FLDJ 4872 -78 10.701 78 4,950 10.779 For the year ended 31rO March 2024. the company was entttled to exemption from audit under sedion 477 of the companies Act 2006 relating to small companies. Directors. responsibiltties The members have not required the company to obtain an audit of ts accounts for the year in question in accordance with section 476. The directors acknowledge their resporssibilities for complying with the requirements of the Act wrth respect to accounting records and the preparation of accounts, These accounts have been prepared in accordan with the provÉsions applicable to companres subject to small companies. regime. The financial statements on pages 9 to 10 were approved by the Board of directors on". Date.. Signed on its behalf b Sign.. Lauren Carbon ..Directortrrustee io
ZODIAC ARTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 PAARCH 2024 1. ACCOUNTING POUCIES Basis of Preparation of Financial Statements The financial statements are prepared Urer the histOTiC Cost convention and include the results of the chartty's operations which are described in the Management Committee's Report and all of which are continuing. The accounts have tEen prepared in accordan with the Statements of Recommended Practi for charity accounts. The chanty has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to Produ a cash flow statement on the grounds that it qualffies as a small chanty. Incoming Resources 1.2.1 Revenue grants are credited to the Statement of Financial Activrties on the earlier date of when they are reiVed or when they are receivable, unless they relate to a specific future period, in which cxse they are included on the Balan Sheet as deferred income to be recognised in the ftrture accounting period. 1.2.2 Grants receNed for SFttffic purposes are accourrted for as restricte(J funds in the Statemerrt of Financial Activities. Restricted Funds Restricted funds are to be used for spectfic purposes as laid down by the donor. Expenditure whFch meets these criteria is identtfied to the fund. together with a fair allocatton of management and support costs. Unrestricted Funds Unrestrided funds are donations and Ot incomes reiVed or generated for the objects of the organisation %Mthout further specffied wrpose and are available for general funds. Designated Funds Designated funds a unrestricted funds eamarked by the Management Committee for particular purposes. Tangible Fixed Assets All expendrture that related to equipment has been charged to the Statement of Financial Activities in the year of acquis0. A regisler of asset5 is maintained. Debtors 2024 2023
ZODIAC ARTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CREDrroRS AND ACCRUALS 2024 2023 crltOrs. Amount falling due bwthin on8 year Director5 Loan Account AC(al$ 11.654 13,383 200 Pla¢hinery Equipment Total 4. Tanglbte Assets Cost as at 1 Awil 2023 Additions 65 1.475 65 1.475 As at 1 April 2023 Charge for the Year Net Book Value As at 31 March 2024 12
ZODIAC ARTS DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 IAARCH 2024 2024 Totsl Fund 24.912 2023 Total Fund 9.301 INCOMING RESOURCES Unrestricted Restricted Fund Fund 24.912 Main Gra Vokjnteer Centre Kensiity The Kosovar YoLrth 0[r Donabor6 Tida Jagule Dad IAFI 2 Limied Open Age TraiThrNJ Dutch Pc Contrad Other Incon Total Ineoming Re$our¢es 8CN) 370 17 7.012 849 234 6.032 6.032 1.545 175 750 873 25 34.312 1545 175 750 873 25 34.312 2,700 925 50 22.758 RESOURCES EXPENDED Vages arKI SaLqiies HMRC RenLHal re Pensi COrthbl. Enegy Cor#ract RefreshY EaTrJ O D(NHle Admirttslrabon Costs Telephor Stati(eFy Trainir knSware Equipmert Depreciab"on Cover Stalt Membership Bank Cha AcCoal fee Pavrou Serwces Total Resources Expended 17 105 374 17105 17 398 374 582 1.800 1.468 1.343 1276 65 157224 1.343 204 25 1250 1.285 213 2.462 497 1.252 1.540 2.7 1424 462 19) 2.700 1.424 462 190 509 1.149 1,149 75 75 200 122 550 276 28,482 248 122 550 276 28,482 231 31,81XI 13