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|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|





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|||||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|





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|||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|





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|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|





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|||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|





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|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|



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|Trustees expenses|||
|---|---|---|
||2022|2021|
||£|£|
|Trustees' expenses|536|561|



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|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||





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||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|





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||||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<br>•^ 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|



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||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|





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|||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|





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|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|