2021-03-31-accounts - Extant

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	7
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet		10
Notes to the Financial Statements	11	to	21
Detailed Statement ofFinancial Activities	22	to	23

TRUSTEES	Mary Elizabeth Paterson (Chair)	Mary Elizabeth Paterson (Chair)	Mary Elizabeth Paterson (Chair)
	Jennifer Gabriele
	Ciara Golding
	Victoria Harrison
	Christine Hathway	(resigned 21.10.21)
	Shamim Ali
	Craig Ritchie (appointed 09.08.21)
	Matthew William Amer		(appointed 03.09.21)
REGISTERED OFFICE	Extant
	86-90 Paul Street
	London
	EC2A 4NE
REGISTERED COMPANY NIJMBER	05195961(England	and Wales)
REGISTERED CHARITY NUMBER	1108728
INDEPENDENT EXAMINER	Keelings Limited
	Chartered Tax Advisers		and
	Chartered Certified	Accountant
	Broad House
	1The Broadway
	Old Hatfield
	Heits
	AL9 5BG
SENIOR STAFF	Maria Oshodi, Artistic Director/ CEO

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Charitable	activities
Charitable	activities			138,409	46,000	184,409	211,464
Investment	income						100
Other income				~1260		~1260	63
Total				139,669	46,000	185,669	211,627
EXPENDITURE ON
Raising funds				748		748	5,457
Charitable	activities
Charitable	activities			108,084	32,860	140,944	165,758
Other				6,005	269	6 74	10 878
Total				114,837	33,129	147,966	182,093
NET INCOME				24,832	12,871	37,703	29,534
RECONCILIATION		OF FUNDS
Total funds brought		forward		30,857	59,884	90,741	61,207
TOTAL FUNDS CARRIED FORWARD				~55 689	72,755	~128444	90 741

BALANCE SHEET
31MARCH 2021
							2021	2020
				Notes
FIXEDASSETS
Tangible assets				14			824	1,261
CURRENT ASSETS
Debtors				15			4,289	9,343
Cash at bank							~731 712	87,931
							136,001	97,274
CREDITORS
Amounts falling due within one year				16			(8/81)	(7,794)
NET CURRENT ASSETS							127420	89480
TOTAL ASSETSLESS	CURRENT LIABILITIES						128,444	90,741
NET ASSETS							128444	90741
FUNDS				18
Unrestricted funds:
General fund							55,689	30,857
Restricted funds:
Training programme							11,636	16,928
Pathways							61,119	42,956
							72 755	~59 884
TOTAL FUNDS							128 444	90741
The charitable company	is entitled	to exemption	from	audit	under	Section 477 of the Companies	Act 2006 for the year ended
31March 2021.

INVESTMENT INCOME
			2021	2020
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
Interest on cash deposits				100
INCOME FROM CHARITABLE ACTIVITIES
			2021	2020
			Charitable	Total
			activities	activities
Access support			1,815	3,664
Earned income			7,610	12,839
Grants and subsidies			174,984	194,961
			194449	211464

									Total Funds	Total Funds
									Year cndcd 31st	Year ended 31st
							Unrestricted	Restricted	March 2021	March 2020
	Grants for support		costs				Funds	Funds
	Trusts and Foundations
	London Community		Fund							790
	Garrick Charitable	Trust								1,800
	Harold Hyam Wingate			Foundation						2,500
	Leathersellers Company							5,000	5,000	5,000
	Ulverscroff Trust									2,000
	Clothworkers Foundation									8,200
	Vision Foundation									5,000
	Grocers Charity							5,000	5,000
	Spectacle Makers							5,000	5,000
	Donations
	Donations						1,114		1,114
	Tim Gebbels Bursary									1,000
	Arts Council
	NPO Funding						133,870	25,000	158,870	156,000
	Strategy Touring Fund									5,521
	Catalyst Fund									7,150
	Earned Income
	Commissions Fees	and Box				Office	450		450	3,949
	The Space Commission							6,000	6,000	5,000
	Consultancy and Workshop					Fees	1,160		1,160	3,890
	Access to Work						1,815		1,815	3,664
							138,409	46000	184409	211464
	Grants received, included				in	the above, are as follows:
									2021	2020
	Arts Council England			Strategic Touring Fund						5,521
	Arts Council England		NPO grants						158,870	156,000
	Arts Council Catalyst		Fund
										7 110
									158,870	168 671
4.	OTHER INCOME
									2021	2020
							Unrestricted	Restricted	Total	Total
							funds	funds	funds	funds
	Theatre Tax Relief									58
	Miscellaneous Income						1460		~1260	5
							~1260		~1260	63

	Raising donations	Raising donations	Raising donations	and legacies
											2021		2020
							Unrestricted		Restricted		Total		Total
							funds		funds		funds		funds
							f,				f		f.
	Marketing	costs					713					713	5,247
	Fundraising		costs				35					35	210
							748					748	~5457
6.	CHARITABLE ACTIVITIES				COSTS
									Direct		Support
									Costs	(see	costs	(see
									note f	7)	note f	8)	Totals
	Charitable	activities							~66	875	74,069		~740 944
					Overheads		Programmcs		Total	Funds
									Year	ended
					Unrestricted		Restricted		31stMarch
					funds		funds		2021
	Employment		Costs		89,509		1,983			91,492
	Artistic Professional			Fees			24,569			24,569
	Education	Programme			2,025		4,741			6,766
	Access Costs					(616)				(616)
	Fixed Office		Costs		3,688			548		4,236
	OAice Equipment				6,326					6/26
	Bursary Costs
	Computer &		Internet	Expenses	6,663					6,663
	Travel and	Meetings				51				51
	Professional
	Depreciation		ofTangible Fixed
	Assets					316				316
	Programme	Costs						47		47
	Production	&Touring						972		972
	Total				107	962	32	060	140022

FOR	THE YEAR ENDED 31MARCH 2021	THE YEAR ENDED 31MARCH 2021	THE YEAR ENDED 31MARCH 2021
7.	DIRECT COSTS OF CHARITABLE ACTIVITIES
					2021	2020
	Staffcosts				34,521	34,135
	Artistic professional		fees		25,588	11,372
	Education programme				6,766	23,551
	Professional	fees				816
					~66 875	~69 874
8.	SUPPORT	COSTS
					Governance
				Management	costs	Totals
	Other resources expended				6,274	6,274
	Charitable	activities		74,069		~74 069
				~74 069	~6274	~80 343

			2021	2020
Accountancy	fee		1816	1,&80
Tax services			360	420
Independent	examination	fees	1 000	1,000
			3 176	3300

Management
		2021	2020
		Charitable	Charitable
		activities	activities
Employment	costs	56,971	58,814
Access costs		(616)	4,786
Fixed office	costs	4,236	11,128
Office equipment		6,327	14,014
Computer &	internet expenses	6,663	3,681
Travel and meetings		51	2,041
Other expenses			1,000
Assets		437	420
		~74 069	93 884

	Governance	costs
						2021	2020
						Other	Other
						resources	resources
						expended	activities
	Trustees' expenses					561	330
	Accountancy	and legal	fees			5,713	10548
						6,274	~10878
9.	OTHER
						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
						f	f.
	Support costs			6,005	269	~674	~10 878
10.	NET INCOME/(EXP		KNDITIJRK)
	Net income/(expenditure)		is stated alter	charging/(crediting):
						2021	2020
	Depreciation	-owned assets				437	421

Chief Executive Ofticer's remuneration	Chief Executive Ofticer's remuneration		36920	36,720
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities		148,814	62,650	211,464
Investment income		100		100
Other income		63		63
Total		148,977	62,650	211,627
EXPENDITURE ON
Raising funds		2,469	2,988	5,457
Charitable activities
Charitable activities		118,191	47,567	1659758
Other		10,878		101178
Total		131,538	50+55	182,093
NET INCOME		17,439	12,095	29,534
Transfers between funds			17311
Net movement in funds		128	29,406	29,534
RECONCILIATION	OF FUNDS
Total funds brought	forward	30,729	30,478	61/07
TOTAL FUNDS CARRIED FORWARD		~30 857	59884	~90 741

TANGIBLE	FIXED	ASSETS
						Fixtures
						and
						fittings
COST
At 1 April 2020 and 3		1 March 2021				12,831
DEPRECIATION
At 1 April 2020						11,570
Charge for year						437
At 31March	2021					~12007
NET BOOK	VALUE
At 31March	2021					824
At 31 March	2020					1 261
DEBTORS:	AMOUNTS FALLING DUE WITHIN		ONE YEAR
					2021	2020
						f.
Trade debtors					749	8,149
Other debtors					1,617
Prepayments	and accrued income				~1923	~1194
					4 89	~9343
CREDITORS: AMOIJNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
Trade creditors					523	430
Social security and other taxes					2,143	1,615
Other creditors					672	283
Accruals and	deferred	income			5,043	5 466
					8/81	~7794
ANALYSIS OF NET		ASSETSBETWEEN FUNDS
					2021	2020
			IJnrestrictcd	Restricted	Total	Total
			funds	funds	funds	funds
			f.			f.
Fixed assets			824		824	1,261
Current assets Current liabilities			63446 ~8,38))	72,755	136,001 ~8381)	97,274 ~7,794)
			55,689	72,755	128414	~90 741

MOVE	MEN	T IN FUNDS
							Net
							movement	At
						At 1.4.20	in funds	31.3.21
								f.
Unrestricted		funds
General	fund					30,857	24,832	55,689
Restricted funds
Training	programme					16,928	(5,292)	11,636
Pathways						~42 956	18 163	61,119
						~59 884	~12871	72 755
TOTAL	FUNDS					~90 741	~37703	1~28 444
Net movement		in funds, included		in the above	are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
General	fund					139,669	(114,837)	24,832
Restricted funds
Training	programme					16,000	(21,292)	(5,292)
Pathways						30000	~11,837)	18,163
						46 000	33 129	12871
TOTAL	FUNDS					183669	~147 9667	37703
Comparatives		for movement	in	funds
						Net	Transfers
						movement	between	At
					At 1.4.19	in funds	funds	31.3.20
Unrestricted		funds
General	fund				30,729	17,439	(17,311)	30,857
Restricted funds
Training	programme				30,028	2,595		32,623
Pathways					450	9,500	~17311	27261
					30478	~12095	~17311	59884
TOTAL	FUNDS				~61 207	29 534		90741

						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
General	fund					148,977	(131,538)	17,439
Restricted funds
Training	programme					53,150	(50,555)	2,595
Pathways						9500		9,500
						62650	50 555	12095
TOTAL	FUNDS					211627	~182 0931	29 534
A current	year	12months	and prior year 12months	combined	position	is as follows:
						Net	Transfers
						movement	between	At
				At 1.4.19		in funds	funds	31.3.21
						f.		f.
Unrestricted		funds
General	fund			30,729		42,271	(17,311)	55,689
Restricted funds
Training	programme			30,028		(2,697)		27,331
Pathways					450	27 663	17,311	45,424
				~30 478		~24 966	~17 311	72 755
TOTAL	FIJNDS			~61 207		~67237		1~28 444

		Incoming	Resources	Movement
		resources	expended	in funds
		f.
Unrestricted	funds
General fund		288,646	(246,375)	42,271
Restricted funds
Training programme Pathways		69,150 39500	(71,847) ~II 8371	(2,697) 27,663
		108650	83684	24 966
TOTAL FIJNDS		397,296	~330059)	67 237

DETAILED STA FORTHE YEAR	TEMENT OF FINANCIAL ENDED 31MARCH 2021	ACTIVITIES
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		f;			f,
INCOME AND ENDOWMENTS
Investment income
Interest on cash deposits					100
Charitable activities
Access support		1,815		1,815	3,664
Earned income		7,610		7,610	12,839
Grants and subsidies		~128984	46,000	174,984	194961
		138,409	46,000	184,409	211,464
Other income
Theatre Tax Relief Miscellaneous Income		1,260		~160	58 5
		1,260		1/60	63
Total incoming resources		139,669	46,000	185,669	211,627
EXPENDITURE
Raising donations	and legacies
Marketing costs		713		713	5,247
Fundraising costs		35		35	210
		748		748	5,457
Charitable activities
Wages		34+21		34,521	34,135
Artistic professional	fees		25,588	25,588	11,372
Education programme		2,025	4,741	6,766	23,551
Professional fees					816
		36,546	30,329	66,875	69,874
Support costs
Management
Employment costs		54,988	1,983	56,971	58,814
Access costs		(616)		(616)	4,786
Fixed office costs		3,688	548	4,236	11,128
Office equipment		6/27		6/27	14,014
Computer &internet expenses		6,663		6,663	3,681
Travel and meetings		51		51	2,041
Other expenses					1,000
Assets		437		437	420
		71,538	2,531	74,069	95,884
Governance costs
Trustees' expenses		292	269	561	330
Accountancy and legal fees		5,713		~5713	10540
		6,005	269	6,274	10,878

			2021	2020
	Ilnrestrictcd	Restricted	Total	Total
	funds	funds	funds	funds
	E			f.
Total resources expended	114837	33 129	147,966	182,093
Net income	24,832	12871	37,703	29,334