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2022-03-31-accounts
| TRUSTEES |
Mary Elizabeth Paterson (Chair) |
|
Jennifer Gabriele |
|
Ciara Golding |
|
Victoria Harrison |
|
Christine Hathway (resigned 03.09.21) |
|
Shainim Ali |
|
Craig Ritchie (appointed 09.08.21) |
|
MaKhew William Amer (appointed 03.09.21) |
|
Belinda Margaret Naylor (appointed 07. 11.22) |
|
Julia Rachel Mazorodze (appointed 07. 11.22) |
| REGISTERED OFFICE |
Extant |
|
2.06 Carlton Mansions Brixton House |
|
385 Coldharbour Lane |
|
London |
|
England |
|
SW9 8GL |
| REGISTERED COMPANY NUMBER |
05195961 (England and Wales) |
| REGISTERED CHARITY NUMBER |
1108728 |
| INDEPENDENT EXAMINER |
Jones Hunt & Keelings |
|
Chartered Certified Accountants and |
|
Chartered Tax Advisers |
|
Broad House |
|
1 Tlie Broadway |
|
Old Hatfield |
|
Herts |
|
AL9 5BG |
| SENIOR STAFF |
Maria Oshodi, Artistic Director/ CEO |
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Charitable activities |
2 |
142,654 |
73,706 |
216,360 |
184,409 |
| Other income |
3 |
79 |
|
79 |
1,261 |
| Total |
|
142,733 |
73,706 |
216,439 |
185,670 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
4 |
511 |
|
511 |
749 |
| Charitable activities |
5 |
|
|
|
|
| Charitable activities |
|
123,630 |
67,944 |
191,374 |
140,944 |
| Other |
8 |
7,212 |
|
7,212 |
6,274 |
| Total |
|
131,353 |
67,944 |
199,297 |
147,967 |
| NET INCOME |
|
11,380 |
5,762 |
17,142 |
37,703 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
55,689 |
72,755 |
128,444 |
90,741 |
| TOTAL FUNDS CARRIED FORWARD |
|
67,069 |
78,517 |
145,586 |
128,444 |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| FIXSD ASSETS |
|
|
|
| Tangible assets |
13 |
388 |
824 |
| CURRENT ASSETS |
|
|
|
| Debtors |
14 |
6,237 |
4,289 |
| Cash at bank |
|
149,958 |
131,712 |
|
|
156,195 |
136,001 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
15 |
(10,997) |
(8,381 |
| NET CURRENT ASSETS |
|
145,198 |
127,620 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
145,586 |
128,444 |
| NET ASSETS |
|
145,586 |
128,444 |
| FUNDS |
17 |
|
|
| Unrestricted funds: |
|
|
|
| General fund |
|
67,069 |
55,689 |
| Restricted funds: |
|
|
|
| Training programme |
|
15,033 |
11,636 |
| Pathways |
|
30,234 |
61,119 |
| Associate Artist Programme |
|
28,500 |
|
| Other Projects |
|
|
|
|
|
4,750 |
|
|
|
78,517 |
72,755 |
| TOTAL FUNDS |
|
145,586 |
128,444 |
| INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
2022 |
2021 |
|
Charitable |
Charitable |
|
activities |
activities |
|
£ |
£ |
| Access support |
|
1,815 |
| Earned income |
8,550 |
7,610 |
| Grants and subsidies |
207,810 |
174,984 |
|
216,360 |
184,409 |
|
|
|
Total Funds |
Total Funds |
|
|
|
Year ended 31st |
Year ended |
|
Unrestricted |
Restricted |
March 2022 |
31st March |
| Grants for support costs |
Funds |
Funds |
|
2021 |
| Trusts and Foundations |
|
|
|
|
| Leathersellers Company |
|
5,000 |
5,000 |
5,000 |
| Vision Foundation |
|
13,456 |
13,456 |
|
| Grocers Charity |
|
|
|
5,000 |
| Spectacle Makers |
|
|
|
5,000 |
| Esm6e Fah'bairn Foundation |
|
30,000 |
30,000 |
|
| Thomas PockUngton Trust |
|
250 |
250 |
|
| Donations |
|
|
|
|
| Donations |
234 |
|
234 |
1,114 |
| Arts Council |
|
|
|
|
| NPO Funding |
133,870 |
25,000 |
158,870 |
158,870 |
| Earned Income |
|
|
|
|
| Commissions Fees and Box Office |
306 |
|
306 |
450 |
| The Space Commission |
|
|
|
6,000 |
| Consultancy and Worksliop Fees |
8,244 |
|
8,244 |
1,160 |
| Access to Work |
|
|
|
1,815 |
|
142,654 |
73,706 |
216,360 |
184,409 |
| 2. INCOME PROM CHARITABLE ACTIVITIES - continued |
2. INCOME PROM CHARITABLE ACTIVITIES - continued |
|
|
|
| Grants received, included in the above, are as follows: |
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Arts Council England NPO grants |
|
|
158,870 |
158,870 |
| 3. OTHER INCOME |
|
|
|
|
|
|
|
2022 |
2021 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Miscellaneous Income |
79 |
|
79 |
1,261 |
| 4. RAISING FUNDS |
|
|
|
|
| Raising donations and legacies |
|
|
|
|
|
|
|
2022 |
2021 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Marketing costs |
|
|
|
714 |
| Fundraising costs |
511 |
|
511 |
35 |
|
511 |
|
511 |
749 |
| 5. CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
Direct |
Support |
|
|
|
Costs (see |
costs (see |
|
|
|
note 6) |
note 7) |
Totals |
|
|
£ |
£ |
£ |
| Charitable activities |
|
114,440 |
77,134 |
191,574 |
|
Overheads |
Programmes |
|
|
|
|
Total Funds |
|
|
|
Year ended |
|
Unrestricted |
Restricted |
31st March |
|
funds |
funds |
2022 |
|
£ |
£ |
£ |
| Employment Costs |
95,739 |
6,100 |
101,839 |
| Artistic Personnel |
6,400 |
38,201 |
44,601 |
| Education Programme |
1,430 |
9,883 |
11,313 |
| Other Activity Costs |
4,410 |
13,760 |
18,170 |
| Fixed Office Costs |
2,043 |
|
2,043 |
| Office Equipment |
6,322 |
|
6,322 |
| Computer & Internet Expenses |
5,915 |
|
5,915 |
| Travel and Meetings |
934 |
|
934 |
| Depreciation of Tangible Fixed |
|
|
|
| Assets |
437 |
|
437 |
| Total |
123,630 |
67,944 |
191,574 |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Staff costs |
|
40,356 |
34,521 |
| Other activity costs |
|
18,170 |
|
| Artistic personnel |
|
44,601 |
25,588 |
| Education programme |
|
11,313 |
6,766 |
|
|
114,440 |
66,875 |
| SUPPORT COSTS |
|
|
|
|
|
Governance |
|
|
Management |
costs |
Totals |
|
£ |
£ |
£ |
| Other resources expended |
|
7,212 |
7,212 |
| Charitable activities |
77,134 |
|
77,134 |
|
77,134 |
7,212 |
84,346 |
| The support costs include the following governance costs relating to |
fees payable to Independent Examiners: |
|
|
2022 |
2021 |
|
£ |
£ |
| Accountancy fee |
1,816 |
1,816 |
| Tax services |
360 |
360 |
| Independent examination fees |
1,000 |
1,000 |
|
3,176 |
3,176 |
| Support costs, included in the above, are as follows: |
|
|
| Management |
|
|
|
2022 |
2021 |
|
Charitable . |
Total |
|
activities |
activities |
|
£ |
£ |
| Employment costs |
61,483 |
56,971 |
| Access costs |
|
(616) |
| Fixed ofRce costs |
2,043 |
4,236 |
| Office equipment |
6,322 |
6,327 |
| Computer & internet expenses |
5,915 |
6,663 |
| Travel and meetings |
934 |
51 |
| Assets |
437 |
437 |
|
77,134 |
74,069 |
| Governance costs |
|
|
|
2022 |
2021 |
|
Otlier |
|
|
resources |
Total |
|
expended |
activities |
|
£ |
£ |
| Trustees' expenses |
536 |
561 |
| Accountancy and legal fees |
6,676 |
5,713 |
|
7,212 |
6,274 |
| HER |
|
|
|
|
|
|
|
2022 |
2021 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Support costs |
7,212 |
|
7,212 |
6,005 |
| INCOME/(EXPENDITURE) |
|
|
|
|
| Net jncome/(exp&nditure) is stated after |
charging/(crediting); |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Depreciation - owned assets |
|
|
436 |
437 |
| Trustees expenses |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Trustees' expenses |
536 |
561 |
| AFF COSTS |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Wages and salaries |
101,839 |
91,492 |
|
101,839 |
91,492 |
| The average monthly number of employees during the year was as follows: |
|
|
|
2022 |
2021 |
| M'anagement and administration |
|
|
| No employees received emoluments in excess of £60,000. |
|
|
|
31sfMarch2022 31stMarch2021 |
|
|
£ |
£ |
| Chief Executive Officer's remuneration |
36,720 36,920 |
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Charitable activities |
|
|
|
| Charitable activities |
138,409 |
46,000 |
184,409 |
| Other income |
1,261 |
|
1,261 |
| Total |
139,670 |
46,000 |
185,670 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
749 |
|
749 |
| Charitable activities |
|
|
|
| Charitable activities |
108,084 |
32,860 |
140,944 |
| Other |
6,005 |
269 |
6,274 |
| Total |
114,838 |
33,129 |
147,967 |
| NET INCOME |
24,832 |
12,871 |
37,703 |
| RECONCILIATION OF FUNDS |
|
|
|
| Total funds brought forward |
30,857 |
59,884 |
90,741 |
| TOTAL FUNDS CARRIED FORWARD |
55,689 |
72,755 |
128,444 |
| 13. TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Fixtures |
|
|
|
and |
|
|
|
fittings |
|
|
|
£ |
| COST |
|
|
|
| At 1st April 2021 and 31st March 2022 |
|
|
12,831 |
| DEPRECIATION |
|
|
|
| At 1st April 2021 |
|
|
12,007 |
| Charge for year |
|
|
436 |
| At 31st March 2022 |
|
|
12,443 |
| NET BOOK VALUE |
|
|
|
| At 31st March 2022 |
|
|
388 |
| At 31st March 2021 |
|
|
824 |
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Trade debtors |
|
|
2,740 |
749 |
| Other debtors |
|
|
1,727 |
1,617 |
| Prepayments and accrued income |
|
|
1,770 |
1,923 |
|
|
|
6,237 |
4,289 |
| 15. CREDITORS: AMOUNTS FALLING DUE WITfflN |
ONE YEAR
•^ ONE YEAR |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Trade creditors |
|
|
1,838 |
523 |
| Social security and other taxes |
|
|
2,621 |
2,143 |
| Otlier creditors |
|
|
796 |
672 |
| Accruals and deferred income |
|
|
5,742 |
5,043 |
|
|
|
10,997 |
8,381 |
| 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|
|
|
|
|
|
|
2022 |
2021 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Fbced assets |
388 |
|
388 |
824 |
| Current assets |
77,678 |
78,517 |
156,195 |
136,001 |
| Current liabilities |
(10,997) |
|
(10,997) |
(8,381) |
|
67,069 |
78,517 |
145,586 |
128,444 |
| 17. MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.4.21 |
in funds |
31,3.22 |
|
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
|
55,689 |
11,380 |
67,069 |
| Restricted fuuds |
|
|
|
|
| Training programme |
|
11,636 |
3,397 |
15,033 |
| Pathways |
|
61,119 |
(30,885) |
30,234 |
| Associate Artist Programme |
|
|
28,500 |
28,500 |
| Other Projects |
|
|
|
|
|
|
|
4,750 |
4,750 |
|
|
72,755 |
5,762 |
78,517 |
| TOTAL FUNDS |
|
128,444 |
17,142 |
145,586 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
m funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
142,733 |
(131,353) |
11,380 |
| Restricted funds |
|
|
|
| Training programme |
8,956 |
(5,559) |
3,397 |
| Pathways |
30,000 |
(60,885) |
(30,885) |
| Associate Artist Programme |
30,000 |
(1,500) |
28,500 |
| Other Projects |
|
|
|
|
4,750 |
|
4,750 |
|
73,706 |
(67,944) |
5,762 |
| TOTAL FUNDS |
216,439 |
(199,297) |
17,142 |
| Comparatives for movement in funds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.20 |
in funds |
31.3.21 |
|
£ |
£ |
£ |
| 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 |
12,871 |
72,755 |
| TOTAL FUNDS |
90,741 |
37,703 |
128,444 |
| Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
139,670 |
(114,838) |
24,832 |
| Restricted funds |
|
|
|
| Training programme |
16,000 |
(21,292) |
(5,292) |
| Pathways |
30,000 |
(11,837) |
18,163 |
|
46,000 |
(33,129) |
12,871 |
| TOTAL FUNDS |
185,670 |
(147,967) |
37,703 |
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.20 |
in funds |
31.3.22 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
30,857 |
36,212 |
67,069 |
| Restricted funds |
|
|
|
| Training programme |
16,928 |
(1,895) |
15,033 |
| Pathways |
42,956 |
(12,722) |
30,234 |
| Associate Artist Programme |
|
28,500 |
28,500 |
| Other Projects |
|
|
|
|
|
4,750 |
4,750 |
|
59,884 |
18,633 |
78,517 |
| TOTAL FUNDS |
90,741 |
54,845 |
145,586 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
282,403 |
(246,191) |
36,212 |
| Restricted funds |
|
|
|
| Training programme |
24,956 |
(26,851) |
(1,895) |
| Pathways |
60,000 |
(72,722) |
(12,722) |
| Associate Artist Programme |
30,000 |
(1,500) |
28,500 |
| Other Projects |
|
|
|
|
4,750 |
|
4,750 |
|
119,706 |
|
18,633 |
| TOTAL FUNDS |
402,109 |
|
54,845 |
| FOR THE YEAR ENDED 31 ST MARCH 2022 |
|
|
|
|
|
|
|
2022 |
2021 |
|
Unrestricted • |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
|
|
| Charitable activities |
|
|
|
|
| Access support |
|
|
|
1,815 |
| Earned income |
8,550 |
|
8,550 |
7,610 |
| Grants and subsidies |
134,104 |
73,706 |
207,810 |
174,984 |
|
142,654 |
73,706 |
216,360 |
|
| Other income |
|
|
|
|
| Miscellaneous Income |
79 |
|
79 |
|
| Total incoming resources |
142,733 |
73,706 |
216,439 |
185,670 |
| EXPENDITURE |
|
|
|
|
| Raising donations and legacies |
|
|
|
|
| Marketing costs |
|
|
|
714 |
| Fundraising costs |
511 |
|
511 |
35 |
|
511 |
|
511 |
749 |
| Charitable activities |
|
|
|
|
| Wages |
34,256 |
6,100 |
40,356 |
34,521 |
| Other activity costs |
4,410 |
13,760 |
18,170 |
|
| Artistic personnel |
6,400 |
38,201 |
44,601 |
25,588 |
| Education programme |
1,430 |
9,883 |
11,313 |
6,766 |
|
46,496 |
67,944 |
114,440 |
66,875 |
| Support costs |
|
|
|
|
| Management |
|
|
|
|
| Employment costs |
61,483 |
|
61,483 |
56,971 |
| Access costs |
|
|
|
(616) |
| Fixed office costs |
2,043 |
|
2,043 |
4,236 |
| Office equipment |
6,322 |
|
6,322 |
6,327 |
| Computer & internet expenses |
5,915 |
|
5,915 |
6,663 |
| Travel and meetings |
934 |
|
934 |
51 |
| Assets |
437 |
|
437 |
437 |
|
77,134 |
|
77,134 |
74,069 |
| Governance costs |
|
|
|
|
| Trustees expenses |
536 |
|
536 |
561 |
| Accountancy and legal fees |
6,676 |
|
6,676 |
5,713 |
|
7,212 |
|
7,212 |
6,274 |
| Total resources expended |
131,353 |
67,944 |
199,297 |
147,967 |
| Net income |
11,380 |
5,762 |
17,142 |
37,703 |