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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 05307944 (England and Wales)

REGISTERED CHARITY NUMBER: 1118592

New London Performing Arts Centre Limited

Report of the Trustees and

Unaudited Financial Statements for the Period 1st September 2020 to 31st May 2021

New London Performing Arts Centre Limited

Contents of the Financial Statements for the Perlod 1st September 2020 to 31st May 2021

Page
Report ofthe Trustees 1
independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Statement ofCash Flows 7
Notes to the Statement of Cash Flows 8
NotestotheFinancialStatements 9

New London Performing Arts Centre Limited

Report of the Trustees ~ for the Period 1st September 2020 to 31st May 2021

The trustees present their report with the financial statements of the charity for the year ended 31st August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

Objectives and aims NLPAC encourages the next generation to perform. It serves to inspire, enrich and enable the local community, offering opportunities regardless of background. It is committed to providing quality, affordable classes and workshops in performing arts for young people. NLPAC's objectives are to provide or assist in the provision of quality, affordable performing arts activities for children and young people across the borough of Haringey and beyond in music, dance and drama. To advance the education of children and young people in the performing arts by presenting, promoting, sponsoring, supporting and assisting in the development of and awareness of the performing arts within the centre and in the community through the use of outreach orogrammes, publications, theatre trips, performances and other media promotions. Generous talent-based and ad hoc scholarships are offered to those families who struggle to pay fees. Many students benefit from being given this opportunity and it has enabled individuals to flourish in subjects that they thought they might never be able to afford. This year saw even more students being given scholarships, which has enabled them to develop confidence and technical ability. Every year students are given the opportunity to compete for the Annual Charlotte Coleman Scholarship award. The recipient receives a year of free tuition in as many group classes as they wish as well as a years’ free private tuition in music or singing at NLPAC. During the school holidays NLPAC runs a wide variety of quality, constructive, affordable performing arts workshops for children aged 4-19. Young people can take part in a full day of activities ranging from Dance, Drama, Musical Theatre, Singing, Devising Drama, Play writing and much more.

Achievement and performance

Over the past year, class numbers have been rising as students and users of the building begin to return to regular activities.

For the first time since March 2019, NLPAC is planning a Musical Theatre production to be staged in July 22. Students have been rehearsing and preparing for this exciting event.

NLPAC students have continued to achieve excellent results in LAMDA acting and Musical Theatre exams, ABRSM music exams and ISTD Ballet & Tap and teacher training exams with over 300 students achieving OFQUAL regulated awards.

NLPAC holiday courses continue to be successful, encouraging children from all over London to express themselves physically, emotionally and mentally, The courses have given children and young people an outlet to socialise after such strange times, and resume regular, fun activities.

NLPAC scholarship students continue to flourish and another scholarship showcase is in the planning stages.

Financial review

Golng concern

Due to the ongoing Covid-19 pandemic, the centre is facing challenging times. The Trustees have worked very hard in maintaining adequate cash reserves to survive. The Trustees are confident that the centre will continue as a going concern once conditions return to normal.

The charity's state of affairs is as set on page 6. The charity showed a net increase in funds of £41,525. The funds of the charity are in surplus by £138,279.

Future plans

NLPAC continues to push forward with funding applications for disability access and building improvements.

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New London Performing Arts Centre Limited

Report of the Trustees for the Period 1st September 2020 to 31st May 2021

Structure, governance and management Governing document

The organisation is a charitable company limited by guarantee, incorporated on 8th December 2004 and registered as a charity from 28th March 2007. The company was established under a Memorandum of Association which defined the objects and powers of the charitable company and is govemed under its Articles of Association.

Recruitment and appointment of new trustees

The Trustees are known as members of the Management Committee. The Trustees are not subject to retirement by rotation. The Trustees are formally elected to the Board of Trustees at a full meeting of the Trustees.

Organisational structure

The Trustees are responsible for the strategic direction and policy of the charity. At present there are five members. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Operations Manager. The Operations Manager is responsible for ensuring that the charity delivers the services specified and has responsibility for the day to day operational management.

Induction and training of new trustees

Current Trustees are already familiar with the practical work of the charity. Prior to the appointment as a new Trustee, the candidate is met by individual Trustees and officers of the charity to ensure that he/she is fully aware of the requirements and statutory duties of a Trustee, and to ensure that the person is suitable to hold such an appointment.

Risk management

The Trustees have discussed the major risks to which the charity is exposed and a formal risk register is being established; this will be updated at least annually. Systems and procedures have been established to mitigate the risks the charity faces. A strategic plan is being developed which will allow for the diversification of funding and activities to mitigate such risks, should they occur. Internal control risks continue to be minimised by the implementation of procedures for overseeing and authorising major transactions and projects.

Reference and administrative detalls

Registered Company number 05307944 (England and Wales)

Reglstered Charity number 1118592

Registered office 76 St James Lane Muswell Hill London N10 3DF

Trustees Ms E K V Byron (Director and trustee) Ms A England (Trustee) MsF Irons (Trustee) Ms J Spackman (Trustee) Independent Examiner David Hatchard BA FCA Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD

New London Performing Arts Centre Limited

Report of the Trustees for the Period 1st September 2020 to 31st May 2021

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of

trustees on 30th June 2022 and signed on its behalf by:

Ms E KV Byron~o oS

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Independent Examiner's Report to the Trustees of New London Performing Arts Centre Limited

Independent examiner's report to the trustees of New London Performing Arts Centre Limited (‘the Company’) | report to the chartty trustees on my examination of the accounts of the Company for the period 1st September 2020 to 31st May 2021.

(‘the

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement on Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a registered member of _ which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. tha accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Dard Hatthak

David Hatchard BA FCA Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD

Date: ... 30°" Tune... ZOBR...

New London Performing Arts Centre Limited

Statement of Financial Activities for the Period 1st September 2020 to 31st May 2021

Perlod
1/9/20
to Year Ended
31/5/21 31/8/20
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Charitable activities 3
Activities undertaken directly 319,561 472,888
Otherincome 99,654 56,495
Total 419,215 529 383
Expenditure on
Raising funds 4 2 3,052
Charitable activities 5
Support costs 231,103 282,859
Activities undertaken directly 146,585 210,419
Total 377,690 496,330
NET INCOME 41,525 33,053
Reconciliation offunds
Total funds broughtforward 96,754 63,701
Totalfundscarriedforward 138,279 96,754

The notes form part of these financial statements

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New London Performing Arts Centre Limited

Statement of Financial Position
31stMay 2021
2021 2020
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Tangible assets 12 22,766 28,364
Current assets
Debtors
Cash at bank		 13 §,854
128,851		 10,770
76,574
134,705 87,344
Creditors
Amounts falling duewithin one year 14 (19,192) (18,954)
Net current assets 116,613 68,390
Total assets less current liabilities 138,279 96,754
NETASSETS 138,279 96,754
Funds 15
Unrestricted funds 138,279 96,754
Totalfunds 138,279 96,754

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30th June 2022 and were signed on its behalf by:

Ms E K V Byron - Trustee

The notes form part of these financial statements

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New London Performing Arts ~ Centre Limited

Statement of Cash Flows for the Period 1st September 2020 to 31st May 2021

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Period| |1/9/20| |to|Year Ended| |£|£| |Notes|31/5/21|3178/20| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|1|54,277|27,448| |Net|cash|provided|by|operating|activities|§4,277|27,448| |Cash|flows|from|investing|activities| |Purchase|of tangible|fixed|assets|(2,000)|(8,275)| |Net|cash|used|in|investing|activities|(2,000)|(8,275)| |Change|In|cash|and|cash|equivalents| |in|the|reporting|period|§2,277|19,173| |Cash|and|cash|equivalents|at the| |beginning|of the|reporting|perlod|76,574|57,401| |Cash|and|cash|equivalents|at the|end| |of the|reporting|period|128,851|76,574|

----- End of picture text -----

The notes form part of these financial statements

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New London Performing Arts Centre Limited

Notes to the Statement of Cash Fiows for the Period 1st September 2020 to 31st May 2021

1. Reconciliation of net income to net cash flow from operating activities

Perlod
1/9/20
to YearEnded
31/5/21 31/8/20
£ £
Net Income forthe reporting period (as per the Statement of
Financial Activities) 41,525 33,053
Adjustments for:
Depreciation charges 7,698 9,454
Decrease/(increase) in debtors 4,916 (2,237}
Increase/(decrease) in creditors 238 (12,822)
Net cash provided by operations §4,277 27,448
Analysis ofchanges In netfunds
At 1/9/20 Cash flow At 31/5/21
£ £ £
Net cash
Cash at bank 76,574 52,277 128,861
76,574 52,277 128,851
Total 76,574 62,277 128,851

2. Analysis of changes In net funds

The notes form part of these financial statements

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New London Performing Arts Centre Limited

  1. Accounting policies

Notes to the Financial Statements

for the Period 1st September 2020 to 31st May 2021

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income from fundraising events and the shop purchases.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Indirect costs are allocated on a usage basis.

Govemance costs compromise of those costs associated with meeting the constitutional and statutory requirements of the charity.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

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New London Performing Arts Centre Limited

Notes to the Financial Statements - continued

for the Period 1st September 2020 to 31st May 2021

1. Accounting policies - continued

Fund accounting

Unrestricted funds are available for the use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. Income from charitable activities

3. Income fromfrom charitable activities
Period
1/9/20
to YearEnded
31/8/21 31/8/20
Activities
undertaken
directly		 Total
activities
£ £
Feesand registrations 294,246 428,598
Shared facilities 25,303 39,091
Costume sales 12 3,125
Tuck sales - 2,074
319,561 472,888
4. Raising funds
Othertrading activities
Period
1/9/20
to YearEnded
31/5/21 31/8/20
£ £
Shopcosts-purchases 2 3,052

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New London Performing Arts Centre Limited

Notes to the Financial Statements - continued for the Period 1st September 2020 to 31st May 2021

5. Charitable activities costs

5. Charitable activities costs
Support
Direct costs (see
Costs note 6) Totals
£ £ £
Support costs 52,900 178,203 231,103
Activities undertaken directly 146,585 - 146,585
199,485 178,203 377,688
6. Supportcosts
Human Governance
Finance resources Other costs Totals
£ £ £ £ £
Support costs 3,968 4,400 161,572 8,263 178,203
7. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Period
1/9/20
to YearEnded
31/5/21 31/8/20
£ £
Depreciation - owned assets 7,698 9,454
8. Auditors’ remuneration
Period
1/9/20
to YearEnded
31/5/21 31/8/20
£ £
Audit-relatedassuranceservices 2,000 2,000

9. Trustees’ remuneration and benefits

There were no trustees' remuneration or other benefits for the period ended 31st May 2021 nor for the year ended 31st August 2020. -

Trustees’ expenses

There were no trustees' expenses paid for the period ended 31st May 2021 nor for the year ended 31st August 2020.

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New London Performing Arts Centre Limited

Notes to the Financial Statements - continued for the Period 1st September 2020 to 31st May 2021

10. Staff costs

10. Staff costscosts
Perlod
1/9/20
to YearEnded
31/5/21 31/8/20
£ £
Wages and salaries 97,428 113,705
Social security costs 6,306 7,612
Otherpension costs 2,372 2,944
106,106 124,261
Theaverage monthly number ofemployees during the period was as follows:
Period
1/9/20
to YearEnded
31/5/21 31/8/20
Staff 38 51
No employees received emoluments in excess of£60,000.
11. Comparatives forthe statement offinancial activities
Unrestricted
fund
£
Income and endowments from
Charitable activities
Activities undertaken directly 472,888
Otherincome 56,495
Total 529,383
Expenditure on
Raising funds 3,052
Charitable activities
Support costs 282,859
Activities undertaken directly 210,419
Total 496 330
NETINCOME 33,053
Reconciliation offunds
Totalfunds broughtforward 63,701
Totalfundscarriedforward 96,754

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New London Performing Arts Centre Limited

Notes to the Financial Statements - continued for the Period 1st September 2020 to 31st May 2021

12. Tangible fixed assets

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Fixtures| |and| |fittings| |£| |Cost| |At|1st September 2020|100,415| |Additions|2,000| |At|31st|May|2021|102,415| |Depreciation| |At|1st September 2020|72,051| |Charge|for year|7,898| |At|31st|May|2021|79,649| |Net|book|value| |At|31st|May|2021|22,766| |At|31st August 2020|28,364| |13.|Debtors:|amounts|falling|due within|one|year| |2021|2020| |£|£| |Other debtors|4,750|2,110| |Prepayments and|accrued|income|1,104|8,660| |5,854|10,770| |14.|Creditors:|amounts|failing|due within|one year| |2021|2020| |£|£| |Trade|creditors|3,693|5,843| |Other|creditors|7,486|6,898| |Accruals|and|deferred|income|8,013|6,213| |19,192|18,954| |45.|Movement|In|funds| |Net| |movement|At| |At|1/9/20|in|funds|31/5/21| |£|£|£| |Unrestricted|funds| |General|fund|96,754|41,525|138,279| |TOTAL FUNDS|96,754|41,525|138,279|

----- End of picture text -----

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New London Performing Arts Centre Limited

Notes to the Financial Statements - continued for the Period 1st September 2020 to 31st May 2021

15. Movement in funds - continued

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Net|movement|in|funds,|included|in|the|above|are|as|follows:| |incoming|Resources|Movement| |resources|expended|In|funds| |£|£|£| |Unrestricted|funds| |General|fund|419,215|(377,690)|41,525| |TOTAL FUNDS|419,215|(377,690)|41,525| |Comparatives|for|movement|in|funds| |Net| |movement|At| |At|1/9/19|in|funds|31/8/20| |£|£|£| |Unrestricted|funds| |General|fund|63,701|33,053|96,754| |TOTAL FUNDS|63,701|33,053|96,754| |Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|fund|§29,383|(496,330)|33,053| |TOTAL FUNDS|529,383|(496,330)|33,053|

----- End of picture text -----

16. Employee benefit obligations

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,372 (2020: £2,944).

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4 ta

New London Performing Arts Centre Limited

Notes to the Financial Statements - continued for the Period 1st September 2020 to 31st May 2021

17. Related party disclosures

There were no related party transactions for the period ended 31st May 2021.

18. Limited by guarantee

New London Performing Arts Centre Limited is a company limited by guarantee and accordingly does not have a share capital.

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