2023-03-31-accounts - Extant

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	6
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	9	to	10
Notes to the Financial Statements	11	to	20
Detailed Statement ofFinancial Activities		21

TRUSTEES	Mary Elizabeth Paterson	Mary Elizabeth Paterson	(Chair)
	Jennifer Gabriele
	Ciara Golding
	Victoria Harrison
	Christine Hathway	(resigned 03.09.21)
	Shamim Ali
	Craig Ritchie (appointed		09.08.21)
	Matthew 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 Brixtons 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 Tax Advisers		and
	Chartered Tax Advisors
	Broad House
	1 The Broadway
	Old Hatfield
	Herts
	AL9 5BG
SENIOR STAFF	Maria Oshodi, Artistic Director/ CEO

							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
INCOME	AND ENDOWMENTS		FROiVI
Charitable	activities
Charitable	activities				199,051	103,000	302,051	216,360
Other income					122		122	78
Total					199,173	103,000	302 173	216438
EXPENDITURE ON
Raising funds					2,913		2,913	510
Charitable	activities
Charitable	activities				171,055	150,804	321,859	191,574
Other					8,551		8,551	7 212
Total					182519	150804	333323	199,296
NET INCOiVIE/(EXPENDITURE)					16,654	(47,804)	(31,150)	17,142
RECONCILIATION		OF FUNDS
Total funds	brought forward				67,069	78&517	145,586	128,444
TOTAL FUNDS CARRIED FORWARD					83 723	30 713	114,436	145,586

EXTANT
BALANCE SHEET
31STMARCH 2023
		2023	2022
	Notes
FIXEDASSETS
Tangible assets	13	17	388
CURRENT ASSETS
Debtors	14	19,787	6,237
Cash at bank		121941	149958
		141,728	156,195
CREDITORS
Amounts falling due within one year	15	(27,309)	(10,997)
NET CURRENT ASSETS		114,419	145 198
TOTAL ASSETSLESSCURRENT LIABILITIES		114,436	]45,586
NET ASSETS		114,436	145,586
FUNDS	17
Unrestricted funds:
General fund		83,723	67,069
Restricted funds:
Training programme		6,048	15,033
Pathways			30,234
Associate Artist Programme		23,288	28,500
Other Projects		1,377	4,750
		30,713	78,5]7
TOTAL FUNDS		114436	145 586

INCOME FROM	CHARI	TABLE ACTIV	ITIES
						2023	2022
					Charitable		Total
					activities		activities
Earned income						51,401	8,550
Grants and subsidies						250650	207,810
						302 052	226,360
					Total	Funds	Total Funds
					Year ended 31st		Year ended
			Unrestricted	Restricted	Mar	ch 2023	31stMarch
Grants for support	costs		Fuhds	Funds			2022
Trusts and Foundations
Leathersellers Company							5,000
Vision Foundation							13,456
Chalk Cliff				3,000		3,000
Spectacle Makers				5,000		5,000
Esmee Fairbairn			6,000	30,000		36,000
Associate Artist Programme							30,000
Thomas Pocklington				5,000		5,000	250
Brian Murtagh				10,000		10,000
Foyle Foundation				25,000.		25,000
Donations
Donations			2,680			2,680	234
Arts Council
NPO Funding			133,870	25,000		158,870	158,870
Earned Income
Commissions Fees and Box		Office	4,553			4,553	306
Investment Income			122			122	78
Consultancy and Workshop		Fees	46,848			46,848	8,244
Other Income			5, 100			5,100
			199173	103,000		302,173	216438

Grants received, included	Grants received, included	Grants received, included	in the above,	are	as follows:
								2023	2022
Arts Council England NPO grants								158870	158,870
OTHER INCOME
								2023	2022
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
Miscellaneous Income						122		122	78
RAISING	FUNDS
Raising donations		and	legacies
								2023	2022
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
Fundraising	costs					2,913		2,913	510
CHARITABLE ACTIVITIES COSTS
							Direct	Support
							Costs (see	costs (see
							note 6)	note 7)	Totals
Charitable	activities						232,195	89,664	321,859
				Overheads		Programmes
							Total Funds
							Year ended
				Unrestricted		Restricted	31stMarch
					funds	funds	2023f
Wages					66,705		66,705
Employment Costs					38,135	23,640	61,775
Artistic Personnel					20,920	66,240	87,160
Education	Programme				875	8,985	9,860
Other Activity Costs					19,903	48,567	68,470
Fixed Office Costs					11,394	3,373	14,767
Office Equipment					6,600		6,600
Computer	k.Internet Expenses				5,898		5,898
Travel and	Meetings				253		253
Depreciation ofTangible			Fixed
Assets					371		371
Total					171,054	150,805	321859

NOT FOR	ES TO THE THE YEAR	FINANCIAL STATEMENTS —continued ENDED 31STMARCH 2023
6.	DIRECT	COSTS OF CHARITABLE ACTIVITIES
				2023	2022
	Staff costs			66,705	40,356
	Other activity costs			68,470	18,170
	Artistic personnel			87,160	44,601
	Education	programme		9,860	11,313
				232,195	114,440
7.	SUPPORT COSTS
				Governance
			Management	costs	Totals
	Other resources expended			8,551	8,551
	Charitable	activities	~89 664		89,664
			89,664	8,551	98,215

			2023	2022
Accountancy	fee		2,000	1,816
Tax services			360	360
Independent	examination	fees	1,180	1,000
			3,540	3,176

Support costs, included	Support costs, included	in the above, are as follows:
Management
			2023	2022
			Charitable	Total
			activities	activities
			f
Employment	costs		61,775	61,483
Fixed office	costs		14,767	2,043
Office equipment			6,600	6,322
Computer k.	internet expenses		5,898	5,915
Travel and meetings			253	934
Assets			371	437
			89,664	77,134
Governance	costs
			2023	2022
			Other
			resources	Total
			expended	activities
Trustees' expenses			291	536
Accountancy	and legal	fees	8,260	6,676
			8,551	7,212

OTHER
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
				f
Support costs		~8551		~8551	7,212
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2023	2022
Depreciation	—owned assets			371	436

								2023f		2022
Trustees' expenses								291		536
The trustees'		expenses		relate to travel, subsistence			and board meetings ofall those trustees	as reported	within	reference	and
administration		page.
STAFF COSTS
								2023		2022
										f.
Wages and salaries								228 488		101,839
								128,480		101,839
The average	monthly		number ofemployees			during	the year was as follows:
								2023		2022
Management		and administration						5		5
No employees		received		emoluments	in excess off60,000.
							31st	March 2023 31st		March 2022
								f
Chief Executive Officer's remuneration								38,250		36,720

NOT FOR	ES TO THE FINANCI THE YEAR ENDED	AL STATEMENTS - continued 31STMARCH 2023	AL STATEMENTS - continued 31STMARCH 2023	AL STATEMENTS - continued 31STMARCH 2023	AL STATEMENTS - continued 31STMARCH 2023
12.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
					Unrestricted		Restricted	Total
					funds		funds	funds
	INCOME AND ENDOWMENTS			FROM
	Charitable activities
	Charitable activities				142,654		73,706	216,360
	Other income					78		78
	Total				142	732	73,706	216438
	EXPENDITURE ON
	Raising funds					510		510
	Charitable activities
	Charitable activities				123,630		67,944	191,574
	Other				7	212		7 212
	Total				131,352		67 944	199296
	NET INCOME				11,380		5,762	17,142
	RECONCILIATION		OF FUNDS
	Total funds brought	forward			55,689		72,755	128,444
	TOTAL FUNDS CARRIED FORWARD'.				67	069	78 517	145 586
13.	TANGIBLE FIXED		ASSETS
								Fixtures
								and
								fittings
	COST
	At 1st April 2022 and		31stMarch 2023					~12831
	DEPRECIATION
	At 1st April 2022							12,443
	Charge for year							371
	At 31stMarch 2023							~12814
	NET BOOK VALUE
	At 31stMarch 2023							17
	At 31stMarch 2022							388

NOTES TO THE FINANCIAL STATEMENTS - continued	NOTES TO THE FINANCIAL STATEMENTS - continued	NOTES TO THE FINANCIAL STATEMENTS - continued
FOR	THE YEAR ENDED 31STMARCH 2023
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN		ONE YEAR
					2023	2022
	Trade debtors				5,678	2,740
	Other debtors				5,098	1,727
	Prepayments and accrued income				~9011	~1770
					19,787	6 237
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR
					2023	2022
	Trade creditors				20,630	1,838
	Social security and other taxes					2,621
	Other creditors					796
	Accruals and deferred	income			~6679	5 742
					27,309	10,997
16.	ANALYSIS OF NET	ASSETSBETWEEN FUNDS
					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
	Fixed assets		17		17	388
	Current assets		111,015	30,713	141,728	156,195
	Current liabilities		~27309)		~27 309)	~)0997)
			83,723	30,713	114,436	145,586
17.	i)IIOVEMENT IN FUNDS
					Net
					movement	At
				At 1.4.22	in funds	31.3.23
	Unrestricted funds
	General fund			67,069	16,654	83,723
	Restricted funds
	Training programme			15,033	(8,985)	6,048
	Pathways			30,234	(30,234)
	Associate Artist Programme Other projects			28,500 4,750	(5,212) ~3373)	23,288 1377
				78,517	~47,804	30713
	TOTAL FUNDS			145,586	~31,150)	114436

Net movement	in funds, included	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				199,173	(182,519)	16,654
Restricted funds
Training programme					(8,985)	(8,985)
Pathways				35,000	(65,234)	(30,234)
Associate Artist Programme Other Projects				30,000 38,000	(35,212) ~4),373)	(5,212) ~3,373)
				103000	~150,804	~47,804
TOTAL FUNDS				302 173	)333,323)	~3),)50)
Comparatives	for 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 funds
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	in funds
Unrestricted		funds
General	fund		142,732	(131,352)	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		216438	))99296)	17 142

					Net
					movement	At
				At 1.4.21	in funds	31.3.23
Unrestricted		funds
General	fund			55,689	28,034	83,723
Restricted funds
Training	programme		.	11,636	(5,588)	6,048
Pathways				61,119	(61,119)
Associate Artist Programme					23,288	23,288
Other Projects					1,377	1 377
				72 755	~42 042	30713
TOTAL	FUNDS			128,444	~)4 008)	114436

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		341,905	(313,871)	28,034
Restricted funds
Training	programme		8,956	(14,544)	(5,588)
Pathways			65,000	(126,119)	(61,119)
Associate Artist Programme			60,000	(36,712)	23,288
Other Projects			42,750	~41,373)	1,377
			176706	~2)8 748)	42 042
TOTAL	FUNDS		518611	~532,6)9)	~)4 008)

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
INCOME AND ENDOWMENTS
Charitable activities
Earned income		51,401		51&401	8,550
Grants and subsidies		147,650	103,000	250,650	207 810
		199,051	103,000	302,051	216,360
Other income
Miscellaneous Income		122		122	78
Total incoming resources		199,173	103,000	302,173	216,438
EXPENDITURE
Raising donations	and legacies
Fundraising costs		2,913		2,913	510
Charitable activities
Wages		66,705		66,705	40,356
Other activity costs		19,903	48,567	68,470	18,170
Artistic personnel		20,920	66,240	87,160	44,601
Education programme		875	8 985	9 860	11 313
		108,403	123,792	232&195	114,440
Support costs
Management
Employment costs		38,135	23,640	61,775	61,483
Fixed office costs		11,394	37373	'14,767	2,043
Office equipment		6,600		6,600	6,322
Computer & internet expenses		5,898		5,898	5,915
Travel and meetings		253		253	934
Assets		371		371	437
		62,651	27,013	89,664	77,134
Governance costs
Trustees' expenses		291		291	536
Accountancy and	legal fees	8,260		8260	6 676
		8,551		8,551	7,212
Total resources expended		~182519	150804	333323	199296
Net income		16,654	~47,804)	~32,250)	17,142