2020-08-31-accounts

	Page
Reference and Administrative Details
Overview from the Chair
Trustees' Report
Independent Examiner's Report	14
Statement ofFinancial Activities	15
Balance Sheet	16
Notes to the Financial Statements	17-25

Fund raising
Angel Shed is grateful for the	continuing	support and generosity ofall its	many	funding	partners,
including (among others):
The Arts Council		The John Thaw Foundation
BBCChildren in Need		Macquarie Group Foundation
Cloudesley		National Lottery
Charles S French Charitable	Trust	National Foundation for Youth Music
Cripplegate Foundation		The Pat Newman Memorial Trust
The Cuckoo Hill Trust		Small Change, Big Impact
Jack Petchey Foundation		The Broughton Family Charitable	Trust
Islington Giving		The Leathersellers' Company Charitable		Foundation

	Note	Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
		f	f	E	E
Income from:
Charitable activities		17,588	82,959	100,547	87,553
Otherincome		16,016		16,016	13,193
Total income		33,604	82,959	116,563	100,746
Expenditure on:
Charitable activities	5,9	(6,711)	(70,678)	(77,389)	(84,934)
Fund raising	6	(4,600)		(4,600)	(8,365)
Support costs	7	(7,407)		(7,407)	(9,320)
Total resources expended		(18,718)	(70,678)	(89,396)	(102,619)
Net income/(expenditure)		14,886	12,281	27,167	(1,873)
Fund balance brought forward		32,603	18,000	50,603	52,476
Fund balance carried forward		47,489	30,281	77,770	50,603

			Note		2020		2019
				f	E	E	f
Fixed assets
Tangible assets					6,899		8,487
Current assets
Cash at bank				73,767		41,789
Other debtors			10	194		1,869
				73,961		43,658
Creditors: amounts		falling due within one
year			11	(3,090)		(1,542)
Net current assets					70,871		42,166
Net assets					77,770		50,603
Funds ofthe	charity
Restricted funds					30,281		18,000
Unrestricted	funds				47,489		32,603
Total funds			12,13		77,770		50,603

2.	Detailed comparatives	forthe statement	offinancial activities
			Unrestricted	Restricted	Total
			Funds	Funds	2019
			E	E	f
	Income from:
	Charitable activities		6,500	81,053	87,553
	Otherincome		13,193		13,193
	Total income		19,693	81,053	100,746
	Expenditure on:
	Charitable activities		(11,646)	(73,288)	(84,934)
	Fund raising		(8,365)		(8,365)
	Support costs		(9,320)		(9,320)
	Total resources expended		(29,331)	(73,288)	(102,619)
	Net income/(expenditure)		(9,638)	7,765	(1,873)
	Fund balance brought	forward	42,241	10,235	52,476
	Fund balance carried	forward	32,603	18,000	50,603

					Un-	Restricted	Tota I funds	Tota I funds
					restricted	Funds	2020	2019
					Funds
					E
Grants receivable
BBCChildren in Need						25,196	25,196	25,196
Cripplegate Foundation						11,250	11,250	10,625
Islington Giving						3,000	3,000	3,000
Jack Petchey Foundation						2,750	2,750	1,493
Small Change, Big Impact						2,500	2,500	7,500
National Lottery Emergency	Fund					8,350	8,350
Islington Giving Emergency	Fund					8,350	8,350
Arts Council Emergency Fund						7,515	7,515
Youth Music Emergency Fund						4,300	4,300
Macquarie Group Foundation					4,588		4,588
The John Thaw Foundation					1,000		1,000
Charles 5 French Charitable	Trust				3,000		3,000
The Leathersellers' Company		Charitable			5,000		5,000
Foundation
The Broughton Family Charitable			Trust		500		500
The Cuckoo Hill Trust					1,500		1,500	1,000
The Pat Newman Memorial	Trust				2,000		2,000	3,000
Cloudesley								2,000
The Woodward Charitable Trust								500
The Clothworkers' Foundation								8,400
The Wingate Foundation								1,500
National Lottery								10,000
Islington Council Andover Outreach				Project				4,994
The Morris Charitable Trust								2,500
Linklaters LLP								500
Mishcon de Reya LLP								500
National Foundation for Youth		Music						2,345
Arsenal Foundation —The Gunners				Fund				2,500
Furlough grants						9,748	9,748
Grants received					17,588	82,959	100,547	87,553

Other income
	Total funds
	2020	2019
	f	f
Subscriptions Donations &legacies	6,155 8,248	9,336 1,811
Ticket and other sales	1613	2 046
Otherincome	16,016	13,193

Charitable activities
	Total funds
	2020	2019
	f	f
Staffcosts and freelance fees	71,750	71,101
Volunteer expenses	3,113	5,903
Venue hire, security and activity costs	2,526	7,930
Charitable activities	77,389	84,934

Support co	sts
				2020	2019
				f	f
Insurance				1,182	1,256
Telephone,	internet	and website		1,573	2,687
Training and recruitment				295	500
Depreciation				1,588	891
Office costs				1,368	2,396
Accounting	and governance		fees	1,380	1,480
Other support costs				21	110
Support costs				7,407	9,320

This is stated	after charg	ing:
					2020	2019
					f	f
Depreciation					1,588	891
Independent	examiner's	fee	(excluding	VAT)	700	700

Total	staff costs were as follo	ws:
			2020	2019
			E	E
Wages	and salaries		69,213	76,218
Social	security costs (including	SMP reimbursed)	483	(6,407)
Other	pension costs		2,054	1,290
			71,750	71,101

	The averag	e n	umber		of part-ti	me employees during the year	was as follows:
							2020	2019
							No.	No.
	Performing	arts practitioners				and administration	5	4
							5	4
10.	Other debtors
							2020	2019
							E	E
	Prepayments		and accrued income				194	1,397
	Other							472
	Other debtors						194	1,869
11.	Creditors:	amounts		falling due within one year
							2020	2019
							f	E
	Accruals and deferred				income		3,090	1,542
	Creditors:	amounts		falling due within one year			3,090	1,542

Movement in funds Current year
					1Sept	Income	Expend-	31Aug
					19		iture	20
					f		f	f
Restricted funds
The Wingate Foundation					1,500		(1,500)
National Lottery					10,000		(10,000)
Islington Council Andover		Outreach		Project	4,000		(4,000)
Small Change, Big Impact					2,500	2,500	(5,000)
BBCChildren in Need						25,196	(25,196)
Cripplegate Foundation						11,250	(9,484)	1,766
Islington Giving						3,000	(3,000)
Jack Petchey Foundation						2,750	(2,750)
National Lottery Emergency			Fund			8,350		8,350
Islington Giving —Emergency			Fund			8,350	8,350	8,350
Arts Council Emergency	Fund					7,515		7,515
Youth Music Emergency		Fund				4,300		4,300
Furlough grants						9,748	(9,748)
Total restricted funds					18,00D	82,959	(70,678)	30,281
Unrestricted funds
General funds					32,603	33,604	(18,718)	47,489
Total unrestricted funds					32,6D3	33,604	(18,718)	47,489
Total funds					50,603	116,563	(89,396)	77,770

r year
			1Sept	Income	Expend-	31Aug
			18 f		ituref	19 f
Restricted funds
Islington Giving Holiday Project			4,700		(4,700)
Dodds Family Charitable	Foundation		3,857		(3,857)
National Foundation for Youth Music			1,678	2,345	(4,023)
Arsenal Gunners Foundation				2,500	(2,500)
BBCChildren in Need				25,196	(25,196)
Cripplegate Foundation				10,625	(10,625)
Jack Petchey Foundation				2,493	(2,493)
Islington Giving				3,000	(3,000)
Cloudesley				2,000	(2,000)
The Woodward Charitable	Trust			500	(500)
The Clothworkers Foundation				8,400	(8,400)
The Wingate Foundation				1,500		1,500
National Lottery				10,000		10,000
Small Change, Big Impact				7,500	(5,000)	2,500
Islington Council Andover	Outreach	Project		4,994	(994)	4,000
Tota I restricted funds			10,235	81,053	(73,288)	18,000
Unrestricted funds
General funds			42,241	19,693	(29,331)	32,603
Total unrestricted funds			42,241	19,693	(29,331)	32,603
Total funds			52,476	100,746	(102,619)	50,603

Current yea	r
		Tangible	Net current	Total
		fixed assets f	assets f	2020f
Restricted income funds			30,281	30,281
Unrestricted	income funds	6,899	40,590	47,489
Totalfunds		6,899	70,871	77,770
Prior year
		Tangible	Net current	Total
		fixed assets	assets	2019
		f	f	f
Restricted income funds			18,000	18,000
Unrestricted	income funds	8,487	24,116	32,603
Total funds		8,487	42,116	50,603