2022-03-31-accounts

					Page
Reference and Administrative	Details
Trustees' Report					2-22
Auditors' Report					23-25
Statement of Financial Activities		(including	Income and Expenditure	Account)	26 —32
Balance Sheet					33
Cash Flow Statement
Notes to the Financial Statements					35-46

Independent Audllorg. Report to the Members ot JBd(son's Lane lrregularrtl￿. including Iiatjd, are Instan￿ of non-eompliance wth laws and regulatfons. We design pro¢e¢Sures in line with our responsibilities. Outlin￿ above. lo delect material tnisstalements in respect ol iriegularities. including fraud. The extent lo which our pmcedures ale capable ol delacting iirègLTrlarf(ies, includino fraud is detailed below.. Discussions wtlh and enquifies of Ynanagernent and those charged wlth governance were held a view trj idenb.lwng Ihose laws and regulations Ihal could be expected lo have a material impact on the financial slatefflents. Ouring the engagement team briefing. thè Ixjleomes of these (fiscussions and enquiries we sliared witli the l&am. as well as consid8ration as lo where arKI how fraud rnay occur in the enlity. Because of the Inherent limrtalions of an audif. there is a iisk that we will not detect all i¥rggulariti6s, Includlng thos8 leading io a material misstatement in the financial stat8rn8nts or non-eompliance wEth rsgulalion. This risk increases the more thal compliance with a law or regulation is removed from Ihe overrts and transactions ref￿Cted in Ihe financial stalemcnts. as we wll be less Ilkely lo become aware ol instances ol nonse. To the lullesl extent permilled by law, we do nol accept Df assLSme res￿nSibIlitY lo anyone other than the charilatjp Company the charitable Company's members as a body, for our aL￿rt work, for this report, OT for the opinions we haye formed. Mr Graham Betry FCCA (Senlor Stslutory A￿dItOr) For and on behaH of Breckman & Company Ltd ststulory Audltor Chartered CertElled knountant$ 49 South Mollon Streel London W1K 5LH 6 D&¢èmb8r 2022 25

					2022			2021
Income from	donations		and	legacies
Oonations
Donations				28,003			10,598
Donated facilities				19,840			78,818
						47,843			89,416
Grants
COVID-19 emergency		funding
ACE - Emergency Response				Fund			119,000
ACE —Culture	Recovery		Fund	195,000			197,000
LBHaringey	- emergency		grant				28,000
HMRC Job Retention		Scheme		6,009			130,302
						201,009			474,302
ACE - NPO funding				132,135			132,135
LB Haringey	- revenue	funding		110,000			110,000
						242,135			242,135
Income from	donations		and	legacies carried forward		490,987			805,853

				2022			2021
Income from donations	and legacies brought		forward		490,987			805,853
Grants
Project specific funding
ACE —Back to our Future			76,500
ACE - Large Capital Grants			1,541,405			270,148
ACE —Kickstart Capital Grant			372,491
AKO Foundation			35,000
Backstage Trust						20,000
BBCChildren in Need			40,781			44,304
Cadent Foundation			18,967			5,633
Capital grants —misc			20,000			25,500
Christina Smith Foundation						25,000
Christmas Day donations			34,980			36,291
City Bridge Trust			51,365			11,818
Corn Exchange						1,200
Finnish Institute			36,881
Foyle Foundation			25,000
Foundation 4-22			7,518
Garfield Weston Foundation						100,000
Homes for Haringey			12,491			9,500
London Borough of Barnet						1,800
London Borough of Haringey			838,600			297,767
Nordic Festival grants			7,700
Participation (Community)	- misc		44,410			220
Participation (Youth) - misc			11,670			999
Private donations			100,000			131,000
Robert Gavron Trust			30,000
Social Investment Business			60,000
The 29th May Charitable	Trust					5,000
The National Lottery Community		Fund				47,927
					3,365,759			1,034,107
					3,856,746			1,839,96Q

			2022			2021
Income from charitable	activities
Operation ofThe Centre
Room, studio and regular	hires	120,958			7,165
Boxoffice		97,979			12,374
In kind support				218,937			19,539
Artists in Residence		30,000			55,010
Emerging companies		24,000			25,000
Classes and courses		30,801			11,935
Christmas Day		26,076			23,276
				110,877			115,221
				329,814			134,760
Other operating income
Cafe and bar		12,817
Sundry		1,125			857
				13,942			857
				343,756			135,617
Investment income
Bank interest received				57			61
Other income
Theatre Tax Relief				33,886
				33,886

					Year ended 31 March	2022
					2022		2021
Expenditure	on	charitable		activities
Operation of	The		Centre
Direct costs					742,153		662,151
ln kind support					110,611		115,221
					852,764		777,372
Support costs	- page 32				173,255		121,460
						1,026,019		898,832
Other operating		expenditure
Support costs	- page 32				16,240		1,729
Governance costs			—page 32		18,071		13,549
						34,311		15,278
						1,060,330		914,110

			2022	2021
				F
Support and governance costs
Support costs
Operation of The Centre			173,255	121,460
Other operating	costs	—finance	16,240	1,729
			189,495	123,189
Governance costs
Professional/financial
Legal/professional			7,421	7,449
Accountancy/other			3,650	1,500
Audit			7,000	4,600
			18,071	13,549

			(Li	mited by Guarant	ee)
				Baiance Sheet
				31 March 2022
							2021
			Notes
Fixed assets
Tangible assets					4,484,906			1,276,512
Current assets
Stocks			9	316
Debtors			10	274,761		96,595
Cash at bank	and in	hand		497,968		609,346
				773,045		705,941
Liabilities
Creditors: amounts		falling
due within one year			11	(321,120)		(376,905)
Net current assets					451,925			329,036
Total assets	less current
liabilities					4,936,831			1,605,548
Creditors: amounts		falling due
after more	than one year		12		{157.168)
Net assets					4,779,663			1,605,548
The funds ofthe charity
Unrestricted	funds		15
—General fund					394,651			332,121
—Designated	funds				140,000			80,000
					534,651			412,121
Restricted funds					4,245,012			1,193,427
Total charity	funds				4,779,663			1,605,548

required by the Companies A	ct 2006 and are for circulation to members of the	company.
The accounts were approved	by the Board of Trustees on 6 December 202	d signed on its behalf by
David Porter	John Bird
Chair ofTrustees	Trustee

					2022	2021
				Notes
Cash flows from operating activities				21	2,924,724	1,301,026
Cash flows from investing activities:
Dividends,	interest and rents from	investments			57	61
Purchase	of property, plant and equipment				(3,226,159)	(910,066)
Net cash	provided by investment	activities			(3,226,102)	(910,005)
Cash inflows from new borrowing					190,000
Net cash	provided by financing	activities			190,000
Change in	cash at bank and in hand in the		reporting	period	(111,378)	391,021
Cash at bank and in hand at the beginning			of the reporting
period					609,346	218,325
Cash at bank and in hand at the		end ofthe reporting
period					497,968	609,346

3.	Net income/(expenditure)	for the year is	2022	2021
	stated after charging:
	Depreciation of tangible	fixed assets	17,765	1,461
	Auditors' remuneration
	—external audit		7,000	4,600
	- other services		3,650	1,500

	2022
Artistic Director Salary	50,000
Artistic Director Pension	1,463
Executive Director Salary	50,090
Executive Director Pension	1,503

Staff costs and numbers	2022	2021
Staff costs
Salaries and wages	386,867	406,410
Social security costs	29,348	29,000
Pension costs	8,479	8,530
	424,694	443,940

up as foll	ows:
		2022	2021
		Number	Number
Operation	of the Centre			30
Pension	costs

8.	Fixed assets - tangible assets	Property	Fixtures/
		development	fittingsl	Total
		costs	equipment
	Cost
	1 April 2021	1,273,590	88,119	1,361,709
	Additions	3,226,089	70	3,226,l59
	31 March 2022	4,499,679	88,189	4,587,868
	Depreciation
	1 April 2021		85,197	85,197
	Charge for year	16,304	1,461	17,765
	31 March 2022	16,304	86,658	102,962
	Net book values
	31 March 2022	4,483,375	1,531	4,484,906
	31 March 2021	1,273,590	2,922	1,276,512

9.	Stocks		2022	2021
	Stocks		316
10.	Debtors		2022	2021
	Trade debtors		39,901	23,029
	Other debtors		130,785	47,623
	Prepayments	and accrued income	104,075	25,943
			274,761	96,595

11.	Creditors: amounts	Creditors: amounts	falling	due	2022
	within one year
	CBILSloan				32,832
	Trade creditors				150,585	288,720
	Other creditors				34,051	15,311
	Accruais				16,403	7,152
	Deferred income	(note 13)			87,249	65,722
					321,120	376,905
12.	Creditors: amounts		falling	due	2022	2021
	after more than	one year
	CBILSloan				157,168
13.	Deferred income
	Balance at 1 April	2021				65,722
	Amount released	to	incoming	resources		(65,722)
	Amount deferred	in the year				87,249
	Balance at 31 March 2022					87,249

15.	Unrestricted funds	Unrestricted funds	Brought	Incoming	Outgoing	Transfers	Carried
			forward	resources	resources		forward
						P.
	General	fund	332,121	868,686	(761,390)	(44,766)	394,651
	Designated funds:
	Capital	development	15,000				15,000
	Impact	Assessment	30,000				30,00Q
	Building	repairs/maintenance10, 000					10,00Q
	Hire liability		25,000				25,000
	COYID	recovery				60,000	60,000
			412,121	868,686	(761,390)	15,234	534,651

Restricted	funds	Brought	Incoming	Outgoing	Transfers	Carried
		forward	resources	fesoutoes		forward
Development fund		1,182,129	3,022,496		(15,234)	4,189,391
Creative Learning		3,526	179,684	(164,192)		19,018
Christmas	Lunch	7,772	34,980	(26,395)		16,357
Lumin osa			76,500	(76,500)
Foundation	4-22		7,518	(7,518)
Nordic Exposure			44,581	(24,335)		20,246
		1,193,427	3,365,759	(298,940)	(15,234)	4,245,012

		General		Designated	Restricted	Total
		funds		funds	funds
Fund balances	at 31 March 2022
are represented	by:
Tangible fixed	assets	275,269	I		4,209,637	4,484,906
Net current assets		276,550		140,000	35,375	451,925
Long term (liabilities)		(157,168)				(157,168)
		394,651		140,000	4,245,012	4,779,663

At 31 March 2022 the	company	had future	minimum	lease payments	under non-cancellable	operating
leases, with payments	falling due as follows:
					2022	2021
Due:
Within one year					23,000	23,000
Between one and five	years				92,000	92,000
in over five years					428,241	451,375
					543,241	566,375

21.	Reconciliation of net income/{expenditure)	Reconciliation of net income/{expenditure)	Reconciliation of net income/{expenditure)	Reconciliation of net income/{expenditure)	to net cashflow from operating activities
					2022	2021
	Net income/(expenditure) for			the	3,174,115	1,061,528
	reporting	period	(as per	the
	statement	of financial	activities)
	Depreciation				17,765	1,461
	Dividends,	interest and rents from investments			(57)	(61)
	(increase)	in stocks			(316)	3,618
	(Increase)	in debtors			(178,166)	(45,347)
	(Decrease)/increase		in creditors		(88,617)	279,827
	Net cash	inflow from operating		activities	2,924,724	'l,301,026

					2022			2021
Charitable activities costs			analysis
Production costs
Staff and salary costs				387,951			446,387
Social security costs				29,350
Staff pension scheme costs				8,397
Theatre and creative learning				292,999			153,609
Cafe and bar hire costs				12,544
Bar costs of sale				5,349			4,593
Advertising and marketing				30,600			34,538
Office consumables							89
Sundries							1,293
Irrecoverable VAT				(25,037)			21,642
						742,153			662,151
Cost equivalent of support			in kind
In kind support - Artists	in	residence		30,000			55,010
In kind support - Emerging		companies		24,000			25,000
In kind support -Classes and			courses	30,535			11,935
In kind support - Christmas		Day		26,076			23,276
						110,611			115,221
						852,764			777,372
Support and governance		costs
Operation ofThe Centre
Office consumables				19,678			1,l56
Rent equivalent of donated		facilities		19,840			78,818
Premises expenses				103,828			39,812
Sundries				12,144			213
Depreciation of fixtures/fittings/equipment				17,765			1,461
						173,255			121,460
Finance
Bank charges				240			229
Freelance fees - finance				16,000			1,500
						16,240			1,729
Governance costs						189,495			123,189
Legal/professional				7,421			7,449
Accountancy/other				3,650			1,500
Audit				7,000			4,600
						18,071			13,549
						1,060,330			914,'I 10