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2023-03-31-accounts

Reference and Administrative Details
Trustees' Report	2to 6
Independent Examiner's Report	7to 8
Statement of Financial Activities
	10
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements	12to 24

		(Including Inco	me and Expenditu	re Account and	Statement o	f Total Recognis	ed Gains and L	osses)
						Total			Total
				Unrestricted	Restricted	2023	Unrestricted	Restricted	2022
			Note	E	E	E	E	E	E
Income and Endowments		from:
Oonations and legacies				30,005	31,500	61,505	35,032	102,896	137,928
Charitable activities				2,850		2,850		1,200	1,200
Investment income				57		57			2
Total Income				32,912	31,500	64,412	35,034	104,096	139,130
Expenditure on: Charitable activities				(74,261)	(27,734)	(101,995)	(57,769)	(28,525)	(86,294)
Total expenditure				(74,261)	(17,734(	~((97 993	(57,769)	28,525)	(86,294)
Net (expenditure)/Income				(41,349)	3,766	(37,583)	(22,735)	75,571	52,836
Transfers between	funds			75,508	(75,508)
Net movement in funds				34,159	(71,742)	(37,583)	(22,735)	75,571	52,836
Reconciliation offunds
Total funds brought	forward			12,016	124,594	136,610	34,751	49,023	83,774
Total funds carried	forward		17	46,175	52,852	99,027	12,016	124,594	136,610

		(Registration numb Balance Sheet as at	er: 05462708) 31March 2023
				2023	2022
			Note	f	f
Fixed assets
Intangible assets					2,015
Tangible assets			12	1,060	1,673
				1,060	3,688
Current assets
Debtors			13	247	298
Cash at bank	and in hand		14	101,756	140,736
				102,003	141,034
Creditors: Amounts		falling due within one year	15	(4,036)	(8,112)
Net current	assets			97,967	132,922
Net assets				99,027	136,610
Funds ofthe	charity:
Restricted income funds
Restricted funds				52,852	124,594
Unrestricted	income	funds
Unrestricted	funds			46,175	12,016
Tota I fun ds			17	99,027	136,610

Statem	ent	of Cash	Flows for the	Year Ended 31	March 2023
					2023	2022
				Note	f	f
Cash flows from operating	activities
Net cash (expenditure)/income					(37,583)	52,836
Adjustments to cash flows	from non-cash		items
Depreciation					613	612
Amortisation					2,015	2,015
Investment income					(57)	(2)
					(35,012)	55,461
Working capital adjustments
Decrease in debtors				13	51	12,619
(Decrease)/increase in creditors				15	(4,076)	2,157
Net cash flows from operating		activities			(39,037)	70,237
Cash flows from investing	activities
Interest receivable and similar		income			57	2
Purchase oftangible fixed	assets			12		(1,797)
Net cash flows from investing		activities			57	(1,795)
Net (decrease)/increase in	cash and cash		equivalents		(38,980)	68,442
Cash and cash equivalents	at	1April			140,736	72,294
Cash and cash equivalents	at	31March			101,756	140,736

3 Income f	rom	d	onat	ions and leg	acies
					Unrestricted
							Total	Total
					General	Restricted	2023	2022
					f	f	E
Donations and legacies;
Donations	from		individuals					32
Grants, including		capital grants;
LBL —Core	grant				30,000		30,000	35,000
London Borough			of	Culture		1,500	1,500	36,500
Lewisham	Inclusive			Growth
Builder								40,000
LBL - Fundraiser			host			30,000	30,000
Arts Council England								13,483
LBL-CEZ								12,913
					30,005	31,500	61,505	137,928

							Unrestricted
								Total		Total
							General	2023		2022
							f	f		E
	Goldsmiths									1,200
	Fees and supplies						2,850	2,850
							2,850	2,850		1,200
5	Investment		income
							Unrestricted
							funds	Total		Total
							Designated	2023		2022
							f	E		E
Interest receivable				and similar		income;
	Interest receivable				on bank	deposits	57		57
6	Expenditure		on		charitable	activities
								Total		Total
								2023		2022
							Note			f
Amortisation		ofwebsite development						2,015		2,015
Telephone		and	fax						490	581
Staff costs								73,379		60,485
Project costs								13,728		12,620
Support costs								12,383		10,593
								101,995		86,294

Support	costs
			Total	Total
			2023	2022
			f	f
Rent			6,682	6,626
Insurance			349	372
Office expenses			428	80
Printing,	postage and stationery		174
Sundries			714	1,031
Independent		examination	1,854	1,734
Legal and	professional		1,509	138
Bank charges			60
Depreciation		ofoffice equipment	613	612
			12,383	10,593

9 Staff costs The aggregate payroll costs were as follows:
	2023	2022
	f	f
Staff costs during the year were:
Wages and salaries	71,589	59,085
Social security costs	66
Pension costs	1,724	1,400
	73,379	60,485

2023	2022
No	No

11 Intangible fixed assets
	Other
	intangible
	asset		Total
	f		f
Cost
At 1April 2022		8,060	8,060
At 31March 2023		8,060	8,060
Amortisation
At 1April 2022		6,045	6,045
Charge for the year		2,015	2,015
At 31March 2023		8,060	8,060
Net book value
At 31March 2023
At 31March 2022		2,015	2,015
12 Tangible fixed assets
	Furniture	and
	equipment		Total
	f		f
Cost
At 1April 2022		4,062	4,062
At 31March 2023		4,062	4,062
Depreciation
At 1April 2022		2,389	2,389
Charge for the year		613	613
At 31March 2023		3,002	3,002
Net book value
At 31March 2023		1,060	1,060
At 31March 2022		1,673	1,673

13 Debtors
			2023	2022
			f	f
Prepayments			247	298
14 Cash and cash equivalents
			2023	2022
				f
Cash at bank			101,756	140,736
15 Creditors: amounts		falling due within one year
			2023	2022
			f	f
Trade creditors				1,578
Other taxation	and social security		1,914	2,219
Other creditors			268	2,581
Accruals			1,854	1,734
			4,036	8,112
16 Pension and other		schemes
Defined contribution		pension scheme

Current period
						Balance at
		Balance at 1	Incoming	Resources		31March
		April 2022 f	resources f	expended	Transfers f	2023 f
Unrestricted
General
General Funds		(3,229)	32,855	(74,261)	75,508	30,873
Designated
Contingency		15,245	57			15,302
Total unrestricted		12,016	32,912	(74,261)	75,508	46,175
Restricted
LBoCSchools Consultation		5,000			(5,000)
LBocEducation	Partner	17,091	1,500	(1,249)	(17,342)
Lewisham Live		14,200		(955)	(11,760)	1,485
Army of Creatives		37,342		(15,461)	(5,881)	16,000
CEZ		50,283			(26,847)	23,436
CEC - Bellingham	Project	465			(465)
A New Direction		213			(213)
Fundraiser host			30,000	(10,069)	(8,000)	11,931
		124,594	31,500	(27,734)	(75,508)	52,852
Total funds		136,610	64,412	(101,995)		99,027

Previous period
			Balance at 1	Incoming	Resources	Balance at31
			April 2021	resources	expended	March 2022
			f	f	f
Unrestricted
General
General Funds			19,508	35,032	(57,769)	(3,229)
Designated
Contingency			15,243			15,245
Total unrestricted			34,751	35,034	(57,769)	12,016
Restricted
LBLEarly Years		Music		5,000		5,000
LBLInformal	Learning			31,500	(14,409)	17,091
Lewisham Live			5,690	13,483	(4,973)	14,200
Youth Arts Network				40,000	(2,658)	37,342
CEZ			42,655	14,113	(6,485)	50,283
CEC - Bellingham		Project	465			465
A New Direction			213			213
			49,023	104,096	(28,525)	124,594
Total funds			83,774	139,130	(86,294)	136,610

Current	period
					Total funds at
		Unrestricted	funds	Restricted	31March
		General	Designated	funds	2023
		f		f	f
Tangible	fixed assets	1,060			1,060
Current	assets	17,302	15,302	69,399	102,003
Current	liabilities	(4,036)			(4,036)
Total net assets		14,326	15,302	69,399	99,027

Previous		period
						Total funds at
			Unrestricted	funds	Restricted	31March
			General	Designated	funds	2022
			E	f	f	f
Intangible		fixed assets	2,015			2,015
Tangible		fixed assets	1,673			1,673
Current	assets		1,195	15,245	124,594	141,034
Current	liabilities		(8,112)			(8,112)
Total net		assets	(3,229)	15,245	124,594	136,610