AUTOGRAPH ABP (Company limited by guarantee no. 02285116 registered charity no. 1127712) 

TRUSTEES REPORT AND CONSOLIDATED FINANCIAL STATEMENTS 

YEAR ENDED 31 MARCH 2022 



## AUTOGRAPH ABP 

(Company limited by guarantee no. 02285116, registered charity no. 1127712) 

## eee 

## REPORT AND FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

eee CONTENTS 

|CONTENTS|CONTENTS|CONTENTS|
|---|---|---|
|eee|||
|||Page|
|Legal and adminlstrative information|:|1|
|Managementcommittee's report||2|
|Auditors’ report||12|
|CharityStatementoffinancial activities||15|
|Consolidated Statement offinancial activities||16|
|Consolidated Balance sheets||17|
|Consolidated Cash flow statement||18|
|Notestothefinancialstatements||19|





## AUTOGRAPH ABP 

## eee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 March 2022 

## eee 

|Management committee|Candace Allen||||||
|---|---|---|---|---|---|---|
||Pawiet Brookes||||||
||Eric D Collins.||||||
||John Dyer (resigned 6 July2021)||||||
||John Ellis|‘|||||
||Rupert Grey||||||
|.|Ronald Henocgq|(resigned 10 March|2022)||||
||Roger Malbert||||||
||Guy Nicholson||||||
||Jennifer Ricketts||||||
||Mark Sealy|||'|||
||AnthonyStevenson||||||
||Carol Tulloch||||||
|,|Anne Williams||||||
||GaryYounge||||||
|Secretary|HollyTebbutt||||||
|Executive director|Mark Sealy||||||
|Company reg. no.|02285116||||||
||||;||||
|Charity reg. no.|1127712||||||
|||||||;|
|Registered office|1 Rivington Place||||||
|,|London||||||
||EC2A 3BA||||||
|.|||||||
|Auditors|Knox Cropper LLP||||||
||; 65 Leadenhall Street||||.||
||London EC3A2AD||||||
|Bankers|National Westminister Bank Plc||||||
||504 Brixton Road<br>'||||||
||London||||||
||SW98EB||||||



. 

4 



‘ 

AUTOGRAPH ABP 

## eee MANAGEMENT COMMITTEE'S REPORT For the year ended 31 March 2022 

## eee 

The Management Committee present their annual report together with the consolidated financial statements of Autograph ABP and its subsidiaries for the year ended 31 March 2022. 

The financial statements comply with current statutory requirements, the memorandum and articles of association and Accounting and Reporting by Charities: Statement of Recommended Practice. applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland FRS102. ; 

## Objectives and Activities 

## Objects 

Autograph ABP was originally established in 1988 as an international, non-profit-making, photographic arts organisation, and obtained charitable status in 2007. The object for which Autograph ABP was established, as defined in the Memorandum of Association, is ‘to advance the education of the public in the subject of photography’. 

The management committee confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and dutles. 

## Aims 

Autograph ABP’s mission Is to address questions relating to race, cultural identity, social justice and human rights in a globalised society, through work produced by artists who use photography and film. 

Autograph ABP’s key aim is to engage the public with its mission through inviting them to explore our activity programmes. 

## Strategy 

Autograph ABP uses three strategies to deliver this aim, each of which takes our mission as the starting point: 

1. Commission new and present existing work made by contemporary artists 2. Research, display and publish bodies of work that have been historically marginalised drawing from our permanent collection and from other sources 

3. Produce new knowledge and leaming through collaborating with other institutions nationally and internationally who address the same subject matter. 

## Activities 

: 

Autograph ABP’s activities consist of: 

- e Producing annual exhibitions and commissions which feature both still and moving images made by artists online and onsite. 

- * Producing exhibitions for touring purposes or as collaborations e Producing publications e Producing an annual public events and learning programme * Offering residency and other participatory opportunities to professional artists and curators which support their professional practice and development 

- Managing, developing and publicly displaying the Autograph ABP collection 

2 



. 

AUTOGRAPH ABP 

## eee 

## MANAGEMENT COMMITTEE'S REPORT 

For the year ended 31 March 2022 

## SEE 

e Encouraging collection development in other institutions to improve representation of underrepresented subject matter and artists 

## Summary Achievements; Artistic Programme 2021-22 

Autograph did not re-open to the public until the second quarter of 2021-22 due to the elevated risks of Covid to the majority of visitors and participants who we serve. We re-launched with Sharif Persaud's Have You Ever Had - a first solo exhibition and commission in a publicly funded gallery, for this artist who lives with autism - and Common Threads a group exhibition of new work produced by 23 Headway East London Studio artists, who have survived brain injuries. The artists used Autograph’s collection of photography as a starting point. Thismore was followed by Care | Contagion | Community— Seif & Other featuring ten artists and showcasing than 80 new works in photography and film commissioned initially for digital distribution by Autograph during the national lockdown period in 2020-21. This exhibition was accompanied by a new publication, film and virtual exhibition tour, featuring four artists to provide further context, 

The new year brought the international debut of Poulomi Basu’s series Fireflies developed during the artist's Autograph Light Work 2020 residency and the London premiere of Sutapa Biswas’ acclaimed filmtime, Lumen.generations,Throughcontinents.these deeply personal and powerful works the artists illuminate journeys— across 

Locally Mark Sealy’s chairmanship of the LB Hackney Windrush Commission resulted in the unveiling of the first new permanent work commemorating the Windrush generation by artist Veronica Ryan. To coincide with this Autograph used the exterior of Rivington Place to display large scale portraits of Windrush Elders taken during the 2019 Hackney Windrush Day tea party and ran a large community portraiture outreach project. This took our collection resources out into the community as a starting point for local residents to create community portraiture, through learning photography and storytelling skills and engaged 300 people from 8 to 80 years of age. It led to 87 new self-portraits made by local people being deposited in Hackney Archive. Both projects were designed to re-engage local people with our collection content following a period when making the collection publicly accessible, has not been possible. 

Circulation of touring exhibitions also recommenced with the transfer of Have You Ever had, to the De La Warr Pavilion, Sussex; Maxine Walker. Untitled opened at the MAC, Birmingham, following its postponement from April 2020 due to Covid, while Omar Victor Diop’s Allegoria, Diaspora, and Liberty, showed at the Turku Art Museum, Finland. 

Nationally and intemationally 2021-22 also saw renewed demand to borrow work from our collection with 146 works lent this year. Rotimi Fani Kayode’s work was included in three exhibitions in the UK and one in USA with one work featuring as the lead promotional image for the Barbican exhibition Masculinities Liberation through Photography. 

Over forty works by James Barnor were lent to Serpentine Gallery for this nonagenanian artist's major Solo exhibition:James Barnor. Accra/London - A Retrospective (touring internationaily), while a further selection of his warks went to the V&A for the Africa & Fashion exhibition. 

Loans of work by Faisal Abdu’Allah, Poulomi Basu, Joy Gregory, Aida Silvestri, Maxine Walker and Vron Ware were featured in major exhibitions in the UK, including the landmark exhibition Between fslands at Tate Britain and at international venues such as the Deutsche Borse Photography Foundation in Frankfurt, Luma Foundation Arles and FoMU Antwerp. 

Overall, more than 158,000 known visits were made to exhibitions featuring Autograph’s commissions and collection in England during 2021-22, with a further 1.4 million visitors estimated to have seen loan works in the UK; 70,300 known visits took place to touring exhibitions internationally. 

3 . 



. AUTOGRAPH ABP 

## ee MANAGEMENT COMMITTEE'S REPORT For the year ended 31 March 2022 

eeeeSeSFSSFSSeSSSSSSSeeeeeeeeeeee 

During the second half of 2021-22 we re-started our collection care and maintenance programme. This project, supported by the National Lottery Heritage Fund, resumed cataloguing our print-based holdings, conservation work, dellvery of training in catalogue use and in object handling for all staff, and the deposition of an eligibility assessment for approval to seek formal collection accreditation status. Throughoutdesigned the year staff served asjurors, selectors, speakers and facilitators across many projects Staff to support and recognise talent or redress marginalisation, run by partners old and new. continued to hold advisory roles with Getty Museum, the Yinka Shonibare Foundation, Tate Acquisitions Committee, Pau! Mellon Centre for British Arts, International Centre of Photography ICP New York: USA and Photo Ireland, and participated in bursary, residency, publication and production selection processes. Mark Sealy was also appointed Professor of Photography at London College of Communication. 

External curatorial role highlights included an artist in-conversation series curated on behalf of the Royal Photographic Soclety as part of an initiative designed to deliver its diversity policy and series of ten live talks for Photo Australia: a special internatlonal season of conversations between artists and curators from Australia and the UK to explore ideas of identity, human rights, representation and social justice. 

## Measures of Success 

Programme Beneficiaries Autograph measures success in relation to the delivery of its key aim as follows: 

- We audit visitor numbers and visitor make-up in the UK using standardised industry methods approved by key stakeholders on a rolling basis ; 

- e We collect qualitative feedback from visitors 

- The cultural profile of the artists, curators, presenters and partners represented in the programme is reviewed continuously against our strategies. 

- « We monitor press and media responses to our programme and seek feedback from peers and partners to support continuous quality improvement. 

## Who benefited in 2021-22? 

Creative production through participation: As a result of the continuing impact of the pandemic much of our public programme continued to be delivered digitally in 2021-22. For example, SEND Families could not retum to in-person activity until October 2021, given the health risks in this user group. Instead, for them, we continued to provide artist-designed postal resources to support routine engagement with creative activity. a sense of familiarity and human connection. 

Our strategy to support leadership development among disabled artists In parinership with Shape Arts, was also maintained despite Covid. Successes included facilitating Dexter McLean to open his first solo exhibition at Orleans House Gallery, Twickenham, and promoted his photographic series Tower Avenue by securing coverage from The Guardian. 

We delivered several engagement projects with refugee communities (including a project to teach older refugee women photography skills) and people affected by homelessness making resources and creative learning and engagement opportunities leading to skills development available and collaborating with other agencies. The impact of these projects on participants is to improve confidence, encourage socialisation, reduce isolation and stigma and for young people to deliver NVQ's. Our online 

4 



## , AUTOGRAPH ABP eee MANAGEMENT COMNITTEE’'S REPORT For the year ended 31 March 2022 

## eee 

image galleries of works have become a valuable tool for professionally showcasing work produced by these groups, attracting plenty of press and media interest. To illustrate: our six month project for young refugees, asylum seekers and migrants living in Hackney concluded with a rolling public display of portraits produced on the Digital Canvas advertising hoarding at Old Street Roundabout for one month with an estimated and an open call photo-campaign inviting Hackney residents to respond to the theme andHackneyisHome. This attracted over one hundred submissions and we featured selection on our blog received numerous press features including BBC London, The Guardian and in both Hackney local papers. Through the Digital Canvas, in press and media outlets and through Autograph’s own website we estimate there was a total of 1.9 million views for this digital project (data sources: City Outdoor Media, Coveragebook Services, Autograph’s website page impressions). 

Professional development support for artists continued remotely through two long-form online courses for BA students and graduate professional artists explored rights based engagement in arts practice. An online project with FE students called Thinking Differently - Race and Identity in the Classroom supported professional development for tutors who report difficulty identifying materials and techniques to address this subject matter. 

We made six Open Call awards to artists, out of seventy one applications, to provide a platform, curatorial and professional development assistance with presenting public events at Rivington Place. 

Across the year Autograph also offered a diverse range of engagement opportunities online and in person and via outreach in and outside London, including summer school mentoring activity for University of the Arts London, continuing professional development sessions for teachers, collectionbased workshops for primary school groups, under and post-graduate students and elders as well as organising dedicated gallery tours for NHS workers. 

Experiencing artworks and ideas: viewing, reading and debating: During the year Autograph performed extremely well in attracting and retaining online audiences for events and other creative content. In 2021/22, we had 91.5k website users, a 36% increase on 2020/22: and we engaged nearly 2,500 people through participatory activities and events. We were able to maintain a diverse range of community and education users despite continued social distancing measures restricting live events and face to face activity at our gallery base for much of the year. We continued to diversify the range of digital content available delivering nine online events and publishing fifty four blog posts and twelve commission pages. We also published ten Project & Research pages and thirteen Online Galleries, new features on the website which enable us to share and showcase photographic work produced by a wide range of groups from schools, local residents and artists involved in our exhibitions, professional development and leadership programmes. 

Data collected through on-site visitor surveys in 2021-22 confirmed that 27% of audiences were in the age group 16-24; a high percentage as lock down restrictions eased. Overall visitor composition has remained inclusive and remarkably consistent with our pre-Covid profile showing that we attract around 25% of audiences who are non-traditional attenders, 44% of visitors identify as Black, Indigenous & People of Colour (BIPOC) and almost 10% reported a disability, 

## Press & Media Coverage 

We maintained strong recurrent relationships with a wide range of press and media contacts and supported press relations for our work at partnering institutions. This delivered breadth in press profile including coverage Internationally for our projects in 2021-22 as follows: The New York Times, The Guardian, Buzzfeed, BBC Radio London, Time Out (In their feature of the best art galleries in London), Art Review, Aperture, British Journal of Photography, Royal Photographic Society Journal, Contemporary &, Hackney Life, Hackney Citizen, Disability Arts Online and Autism in Museums. 



, AUTOGRAPH ABP 

## eee MANAGEMENT COMMITTEE'S REPORT For the year ended 31 March 2022 

SSS Operational effectiveness Autograph measures its operational success through setting targets for facilities management, financial performance, staff performance and governance which are reviewed continuously during regular reporting to the Autograph Management Committee and subsidiaries. Operational development priorities over the ¢urrent business plan cycle (extended by one year to 2023) include the following: 

- Retain a strong, competent, diverse core delivery team of 14 staff. 

- ¢ Develop high quality services and activities designed to meet the needs of our target beneficiaries, including opportunity for some participants most at risk of social and economic exclusion, 

- ¢ Deliver efficiencies in facilities management and lettings 

- Manage environmental impact effectively 

- e Promote good governance, achieving gander balance among trustees and recruiting new trustees 

- e Develop the public and commercial potential of the Autograph collection 

- e Develop new sources of eamed and raised income. 

In 2021-22 we reviewed risk periodically, taking into account the following: 

- e Economic forecasts and threats of recession/stagnation * Modeiling assumptions about social distancing and research on visitor expectations post pandemic 

- e Market analysis of rentals indicating continued depressed demand resulting from recession and changed operating models , 

- An analysis of likely impact on print sales and touring income 24 months forward. 

- e Forecast contraction in visitor numbers and engagement take up, as a result of behavioural changes and altered priorities and preferences for social and cultural engagement activity 

Our prionties remain investment in artists to support their economy, investing in our staff and responding to the need to make safe inclusive spaces available to deliver high quality arts activity to visitors and participants. 

We re-opened our building to the public in late June 2021 one day less a week than pre-Covid and for only nine months in this financial year. Attendance data suggested that successive waves of infection appear to have negatively affected confidence - particularly in the demographic we serve who are at elevated risk from Covid. We did not reintroduce in person events and creative activities, so no groups were able to attend the gallery outside gallery opening hours or for face-to-face creative workshop opportunities - for example SEND family workshops - until the spring, in order to malntain confidence in a safe and responsible public offer; this is reflected in our overall visitor figures which are 65 % lower than the pre-Covid period 2019-20. 

In 2021-22 the negative economic impact of Covid on our earned income streams began to become evident (as forecast in 2020-21), principally in reduced income from commercial tenancies. We expect generation of revenue from this source to remain very challenging for at least a further 24 month period. Commercial occupation of the building remained stable during 2021-22. However, this was achieved on the basis of continuing to offer short life or month4ong roiling tenancies leases and significant rent 

6 



. 

AUTOGRAPH ABP 

7 

; 

## eee 

## MANAGEMENT COMMITTEE'S REPORT 

For the year ended 31 March 2022 

## ee 

reductions on new tenancies to maintain our goal of minimising voids. The net effect is significant reduced profitability overall on this part of our operation. 

Our facilities costs were kept under close control where possible, however the move to a Green Energy supplier, as an early commitment in our strategy to progress towards Net Zero by 2026, more than doubled our monthly costs from October 2021. 

Ron Henocq retired as a Trustee in March 2022. The remainder of our Trustees remained actively engaged with Autograph. We used the autumn period to carry out facilitated strategic planning exercises with all Trustees, reviewed governance and introduced sub-committees to engage with delivery of our four key investment principles over the next business plan period (2023-26). 

## Raised Income 2021-22 

The delivery of many activity programmes was significantly delayed by continuing challenges of Covid restrictions during the first half of 2021-22: much of the invaluable financial support received from a wide range of trusts and foundations and public bodies in 2020-21 was consequently carried forward to 2021-22. ; 

## Earned Income 2021-22 

Income from tenancies remained relatively stable with performance better than forecast at 86% occupancy while earned income generated through print sales remained strong. 

Subsidiaries Autograph ABP had one wholly owned subsidiary Sense of Place Ltd. Details are provided in note 14. 

## Financial review 

The Charity's own results for the year ending 31 March 2022 show a surplus on unrestricted funds of £197,815 (2021 £251,247). Together with the accumulated surplus brought forward from previous years, the charity now has an accumulated surplus of £1,120,011 (2021 - £922,1 96). The Charity'’s own income for the year was £1,236,741 (2021 - £1,185,426) this included revenue funding from the Arts Council of £712,880. 

Expenditure by the charity for the year was £1,045,585 (2021 - £854,007). There was a decrease in the portion of grant income that remained unspent at the year end resulting in restricted funds carried forward at the year end of £366,185 Details can be seen In note 17 to the accounts. 

The Charity's group results for the financial year ending 31 March 2022 are set out in the attached financial statements and notes. Net movement in unrestricted funds for the year amounted to a surplus of £83,795 (2021 - £321,171). Tagether with the accumulated surplus brought forward from previous years, the charity’s group now has an accumulated surplus on unrestricted funds of £1,157,445. The group restricted funds carried forward as at 31 March 2022 amounted to £515,471. This is sufficient for the activities for which the funds were provided. . Financial review - Sense of Place Ltd The charity's wholly owned subsidiary Sense of Place made a profit in the year of £9,001 (2021 - £121,174). Net reserves are now £37,434 (2021 - £151 454). 

Reserves Policy Based on the risk policy the Management Committee consider it appropriate at the present time to hold unrestricted reserves of three months running costs excluding programme costs, which have been 

7 ; 



## . AUTOGRAPH ABP cc MANAGEMENT COMMITTEE'S REPORT 

For the year ended 31 March 2022 

## eee 

covered by designated funds. At the end of March 2022 this equates to £140,502. Free reserves excluding designated funds currently stand at £206,507. 

## Risk Policy 

The Management Committee regularly assesses the major risks to which the charity is exposed both operationally and financially. These include the financial commitment to profects which are being developed, the ability to maintain the charity through any period of funding uncertainty and its responsibilities to the Rivington Place premises which the charity holds through its 100% shareholding in Sense of Place Ltd. . 

## Designated Funds 

Autograph has commitments to fund the continuing programme of maintenance, refurbishment, upgrade and replacement for Rivington Place. It also has a commitment to contribute to projects in the Archive and its ongoing maintenance and development. It has a further commitment to enable marketing and organisational development initiatives to be undertaken to increase levels of earned income and develop and review the business model. 

The Management Committee has designated funds to meet all these commitments. The amounts are shown in Note 18 to the accounts. 

## Principal Funding Sources 

Autograph ABP generates funding from its own sources recelves National Portfolio Funding from Arts Council England, DCMS Cultural Recovery Fund and programme funding the National Heritage Lottery Fund. It is also currently the recipient of project funds from a range of trusts and foundations including Bagri Foundation, City Bridge Trust and the Cockayne Foundation. 

## Fundraising 

As for many charities, raising voluntary funds from trusts and foundations is a vital source of income for Autograph ABP, enabling us to fulfil our charitable objectives as effectively as possible. We are very grateful for the support given by all our donors. Autograph ABP believes that fundraising should be an open, honest and respectful process. We aim to build and maintain solid partnerships with our supporters and donors, based mutual understanding and shared values. In developing our approach to fundraising we have taken account of the Code of Fundraising Practice issued by the Fundraising Regulator. ; 

Autograph ABP did not engage external professional fundraisers, commercial participators or third parties to carry out fundraising activity during the year. We identify funders who may be prepared to Support our work and make applications to them following their application procedures and timescales. The applications are prepared by the senior management team who work closely with the Trustees to develop our fundraising strategy. We are usually only awarded grants after a rigorous selection process. We have received no complaints about our fundraising activities either during the financial year or subsequently. 

## Structure, Governance and Management 

The company is limited by guarantee and registered under number 2285116 at Companies House. It was established in 1988 with the objects noted under 2.1 set out in its goveming instrument, which is its Memorandum and Articles of Association, amended 29 March 2006 and amended 20 November 2018. The company Is registered as a charity under number 1127712. 

, 

oe 8 



. 

‘ 

## AUTOGRAPH ABP 

## MANAGEMENT COMMITTEE'S REPORT 

For the year ended 31 March 2022 


**----- Start of picture text -----**<br>
ee<br>**----- End of picture text -----**<br>


## Going Concern 

The Trustees consider that the group has sufficient working capital and adequate resources to continue in operational existence for the foreseeable future and they continue to adopt the going concern basis in preparing these financial statements Plans for Future Period 2023-24 The future aims, objectives and activities planned are as follows: 

## Aims and.Objectives 

Autograph ABP’s key aim is to foster active engagement by the public with themes of race, cultural identity, social justice and human rights. We will continue to achieve this through presenting annual activity for the public consisting of artistic, learning and participatory programmes. 

## Activity Programme 

Our objective is to deliver a high quality exhibition, publishing, learning and participation offers via multiple platforms - physical and digital - and partnerships. We expect to continue to attract strong public interest and positive feedback from audiences, stakeholders and the media locally, nationally and internationally. Our programme will: 

- Commission new, and present existing work, made by contemporary artists who respond to our mission 

- * Research, display and publish bodies of work that have been historically marginalised * Produce and share new knowledge through collaborating with partners nationally and internationally who address the same subject matter 

- * Care for and develop our permanent collection and work towards securing accreditation status 

- * Retain our commitment to our priority groups of beneficiaries ~ Extend audience engagement with our content via digital means + Protect specialized access and inclusion activities - particularly for young people 

We anticipate continued challenges affecting our ability to serve visitors and participants as a consequence of Inflation in general and the energy crisis in particular; both are having a significant impact on our operating costs and on visitor behaviour. We estimate that the number of visitors who attend Rivington Place in 202-23 will be 60% of our pre-Covid visitor numbers, rising to 75% In 2023"24, 

## Finance funding and operations 

- Autograph ABP objectives for the 2023-26 period are: 

   - + Deliver balanced budgets within inflation forecasts * — Identify sufficient raised and earned income to invest in a high-quality activity programme for beneficiaries, in our collection and in our staff. 

   - * Develop our new trading subsidiary activity. * Apply the London Living Wage to all employees ‘ + Protect 14 full time equivalent roles in Autograph & SOP * Secure facilities which meet our forward business operating needs. * Achieve gender balance in our Trustee group * Work towards achieving net zero beginning with a full building energy audit to inform a delivery plan and targets for reduction during this perlod. 

9 . 



## . AUTOGRAPH ABP eee MANAGEMENT COMMITTEE'S REPORT For the year ended 31 March 2022 

eee induction and Training of Trustees: Autograph ABP identifies and recruits trustees in response to a matrix of skills and competencies required to deliver the mission, aims and objectives of the charity and to discharge its business in an efficient manner. Potential Trustees are provided with an induction pack, and invited to meet the Executive team for a Q&A session and observe a management committee meeting, before being nominated to serve, approved and seconded by current Trustees. Trustees are also referred to NCVO and Charity Commission guidance on the duties and responsibilities of a Trustee. Remuneration: All Trustees review and approve the annual budget which includes recommendations for staff pay. Autograph and its subsidiary are London Living Wage employers, Fees for artists respond to best practice published by industry bodies. 

Key Management Personnel: comprise the Trustees including Mark Sealy in his role as executive director and Holly Tebbutt (not a trustee) as deputy director. 

Delegated Authority: The Trustees delegate day to day management for Autograph and its subsidiaries to Mark Sealy, and Holly Tebbutt. Other senior managers serving in 2021/22 were Renee Mussai, (Curator and Head of Collection); John Bracken (Head of Finance), and Adrian Eaves (General Manager SOP Ltd) 

Statement of Management Committee's Responsibilities - The Management Committee is responsible for preparing the Annual Report and the financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company and charity law applicable to charities in England/Wales requires the management committee to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the Charity and the group and of the incoming resources and application of resources including the income and expenditure of the charitable group for that period. In preparing those financial Statements the management committee is required to: 

- select suitable accounting policies and then apply them consistently, 

- *. observe the methods and principles in the Charities SORP, * made judgements and estimates that are reasonable and prudent, e state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements: and 

- prepare the financial statements on a going concem basis (unless it is inappropriate to presume that the Charity will continue in operation). 

, 

The Management Committee is responsible for keeping adequate accounting records thatare sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. 

Statement of Disclosure of Information to Auditors Each member of the Management Committee confirms that so far as they are aware at the time the report is approved: 

- e there is no relevant audit information of which the Charity's auditors are unaware; and 

- e we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. _ 

> , 10 



. 

## AUTOGRAPH ABP 


**----- Start of picture text -----**<br>
ee<br>**----- End of picture text -----**<br>


## MANAGEMENT COMMITTEE'S REPORT 

For the year ended 31 March 2022 

## eS 

## Preparation of Report 

This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006. 

## Auditors 

The auditors, Knox Cropper LLP, have indicated their willingness to accept re-appointment under Section 485 of the Companies Act 2006. 

: : 

This report was approved and authorised for issue by the Management Committee on 15 November 2022 and signed on its behalf by: Mark Sealy Trustee Us Nel\y | / 

11 



; 

## ° AUTOGRAPH ABP Sa a 

## Independent auditor's report to the members of Autograph ABP 

## SSeS 

## Opinion 

We have audited the financial statements of Autograph ABP (the ‘charitable company’) and its subsidiary (‘the group’) for the year ended 31 March 2022 which comprise the group and charitable company Statements of Financial Activities, the group and charitable company Balance Sheet, the group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice), 

## In our opinion, the financial statements: 

- give a true and fair view of the state of the group's and of the charitable company's affairs as at 31 March 2022 and of the group's incoming resources and application of resources, including its income and expenditure for the year then endea: 

- e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 

- * have been prepared in accordance with the requirements of the Companies Act 2006. 

## Basis for opinion 

We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Conclusions relating to going concern 

> In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described tn the relevant sections of this report. 

## Other information 

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our repart, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such matertal inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a.material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. : 

- . 

12 



## ° AUTOGRAPH ABP SSeS Independent auditor's report to the members of Autograph ABP 

## ee 

Opinions on other matters prescribed by the Companies Act 2006 

- In our opinion, based on the work undertaken in the course of the audit: 

   - e the information given in the Management Committee’s Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

   - e the Management Committee’s Report has been prepared in accordance with applicable legal requirements. 

## Matters on which we are required to report by exception 

In the light of the knowledge and understanding of the group and the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Management Committee’s Report. 

- We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: 

: 

- adequate accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us; or 

- » the charitable company financial statements are not in agreement with the accounting records and returns; or 

- * certain disclosures of trustees’ remuneration specified by law are not made: or * we have not received all the information and explanations we require for our audit: or ¢ the trustees were not entitled to prepare the financial statements In accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report. 

- Responsibilities of trustees 

As explained more fully in the Management Committee’s Report under the Statement of Management Committee’s Responsibilities, the trustees are responsible for the preparation of the financial staternents and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the group’s and the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the group or the charitable company or to cease operations, or have no realistic alternative but to do So. 

Auditor’s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 

- Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ¢ We obtained an understanding of the legal and requiatory frameworks that are applicable to the group and determined that the most significant are the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (GORP 2019), in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) applicableto smaller entities and the Companies Act 2006. 

- ¢ We understood how the group and the charitable company is complying with those frameworks via communication with those charged with governance, together with the review of the charity’s documented policies and procedures. The charitable company is required to comply with both company law and charity law and, based on our knowledge ofits activities, we identified that the legal requirement to accurately account for restricted funds was of key significance. 

13 , 



. 

‘ 

## AUTOGRAPH ABP 

## eee 

## Independent auditor's report to the members of Autograph ABP 

## eee 

- e The audit team, which is experienced in the audit of charities, considered the charity’s susceptibility to material misstatement and how fraud may occur. Our considerations included the risk of management override and allocation of costs to charitable activities and restricted funds. 

- * Our approach was to check that the income from grants, fees and sales were properly identified and accurately disclosed, that expenditure complied with the control procedures and was appropriately charged. We also reviewed the transactions with the subsidiary company, major journal adjustments along unusual transactions and considered the identification and disclosure of related party transactions. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councli's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

Use of our report 

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To theand fullest extent permitted by law, we do not accept or assume responsibilitytoanyone other than the company the company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 

## Shoaib Arshad (Senior'Statutory Auditor) 

For and on behalf of Knox Cropper LLP, Statutory Auditors 65 Leadenhall Street London EC3A 2AD 

Date: & Pea 20228 

14 



AUTOGRAPH ABP 

eee PARENT CHARITY STATEMENT OF FINANCIAL ACTIVITIES {including Income and Expenditure Account) For the year ended 31 March 2022 

. 


**----- Start of picture text -----**<br>
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|eee|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|.|2022|2022|2022|2027|
|£|£|£|£|
|INCOME|FROM:|
|Charitable|activities|1,064,634|170,962|1,235,596|1,183,564|
|Investments|1,145|-|1,145|4,862|
|TOTAL|INCOME|1,065,779|170,962|1,236,741|1,185,426|
|.|EXPENDITURE|ON:|
|Charitable|activities|867,964|177,621|1,045,585|854,007|
|TOTAL EXPENDITURE|867,964|177,621|1,045,585|854,007|
|Net|Income/(expenditure)|197,815|(6,659)|191,156|331,419|
|Transfer|between|funds|-|-|“|-|
|NET MOVEMENT|IN|FUNDS|197,815|(6,659)|191,156|331,419|
|Reconciliation|of|funds:|
|Total funds|at|1|April|2021|922,196|372,844|1,295,040|963,624|
|TOTAL|FUNDS AT 31|MARCH|2022|£|1,120,011|£|366,185|£|1,486,196|£|1,295,040|

**----- End of picture text -----**<br>


15 



## AUTOGRAPH ABP 

eee CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {including consolidated Income and Expenditure Account) For the year ended 31 March 2022 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|eee|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|Notes|2022|2022|2022|2027|
|£|£|£|£|
|INCOME|FROM:|
|Charitable|activities|3|941,612|70,962|1,112,574|1,132,312|
|Other|trading|activities|2|212,850|-|212,850|314,994|
|Investments|4|1,145|-|1,145|1,862|
|TOTAL|INCOME|1,155,607|170,962|1,326,569|1,449,168|
|EXPENDITURE|ON:|
|Raising funds|.|289,845|-|289,845|245,519|
|Charitable|activities|781,967|177,621|959,588|802,306|
|TOTAL|EXPENDITURE|5|1,071,812|177,621|1,249,433|1,047,825|
|Net Income/(expenditure)|83,795|(6,659)|77,136|401,343|
|NET|MOVEMENT|IN|FUNDS|83,795|(6,659)|77,136|401,343|
|Reconciliation|of funds:|
|Total funds|at|1|April 2021|1,073,650|522,130|1,595, 780|1,194,437|
|TOTAL FUNDS AT 31|MARCH|2022|£|1,157,445|£|515,471|£|1,672,916|£|1,595,780|

**----- End of picture text -----**<br>


16 



AUTOGRAPH ABP (company limited by guarantee) 

## eee 

## CONSCLIDATED BALANCE SHEETS 

As at 31 March 2022 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|eee|
|Notes|Charity|Group|Charity|Group|
|2022|2022|2021|2021|
|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|;|11|289,905|290,082|312,066|312,687|
|Investments|13|2|-|2|-|
|289,907|290,082|312,068|312,687|
|CURRENT|ASSETS|
|Debtors|15|63,705|99,577|147,915|177,983|
|Cash|at bank|and|in|hand|1,444,332|1,724,778|1,151,856|1,567,122|
|1,508,037|1,824,355|1,299,771|1,748,108|
|CREDITORS:|amounts|falling|due|
|within|one year|16|(311,748)|(441,521)|(316,799)|(462,006)|
|NET|CURRENT ASSETS|1,196,289|1,382,834|982,972|1,283,099|
|NET ASSETS|£|1,486,196|£|1,672,916|£|1,295,040|£|1,595,780|
|FUNDS|
|Unrestricted|funds:|
|Designated funds|17|913,504|913,504|622,548|622,548|
|General|fund|17|206,507|206,507|299,648|299,648|
|Subsidiaries|17|-|37,434|-|151,454|
|1,120,011|1,157,445|922,196|1,073,650|
|Restricted|funds|17|366,185|515,471|372,844|522,130|
|£|1,486,196|£|1,672,916|£|1,295,040|£|1,595,780|
|——$——————————____........_._._—_ _] =|

**----- End of picture text -----**<br>


The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies and the Financial Reporting Standard FRS102. They were approved, and authorised for issue, by the management committee on 15 November 2022 and signed on their behalf by:Pht Suohy MARK SEALY, Trustee 

The annexed notes form part of these financlal sttements 

17 



eee . CONSOLIDATED STATEMENT OF CASH FLOWS : For the year ended 31 March 2022 

## AUTOGRAPH ABP 

. 


**----- Start of picture text -----**<br>
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|eee|
|Notes|2022|2027|
|£|£|
|Net cash|flow from|operating|activities|22|160,230|343,749|
|Cash|flows from|investing|activities|
|Interest|received|4,145|7,862|
|Purchase of tangible|fixed assets|(3,719)|(27,063)|
|Cash|provided|by (used|in}|investing|activities|(2,574)|(25,207)|
|Increase/(Decrease)|in|cash|and|cash|equivalents|in the|year|157,656|318,548|
|Cash and|cash|equivalents|at the|beginning|of the year|1,567,122|1,248,574|
|Total|cash|and|cash|equivalents|at the|end of|the year|£|1,724,778|£|1,567,122|

**----- End of picture text -----**<br>


; 

18 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

## eee 1. ACCOUNTING POLICIES 

## Company information 

Autograph ABP is a private company, limited by guarantee, domiciled and incorporated in England and Wales. The registered office is 1 Rivington Place, London, EC2A 3BA. The nature of the charity's operations and principal activities are desribed in the Trustees’ report. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. 

## Basis of preparation of financial statements 

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 Issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006* and UK Generally Accepted Accounting Practice. 

The effects of events relating to the year ended 31 March 2022 which occurred before the date of , approvalstatementsof tothethefinancialextent statementsrequired to showby thea managementtrue and fair committeeview of the hasstatebeenof affairsincludedat 31in theMarchfinancial2022 and the results for the year ended on that date. 

## Going concern 

The trustees have assessed the use of going concern and have considered possible events or conditions that might cast doubt on the ability of the charity to continue as a going concern, including the impact of Covid-19, The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure Is sufficient with the level of reserves for the charity to be able to continue as a going concer. 

## Group financial statements 

These financial statements consolidate the results of Autograph ABP and its whoily owned subsidlary, Sense of Place Ltd on a line by line basis. The value of the building included in Sense of Place's accounts has been included in the consolidated accounts at a value of zero on the basis that the Arts Council has control over the asset. Grants received to fund the construction of the bullding have accordingly been reduced by an equivalent amount. 

## Fund accounting 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity’s core services are treated as unrestricted. , 

19 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

## eee 

## Incoming resources 

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be reliably measured and it fs probable that income will be received. 

Incame tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income is receivable. 

## Income received in advance is carried forward until the criteria for income recognition is met. 

Government grants relating to leasehold property improvements is treated as income when received and allocated to a restricted fund. Depreciation on the underlying asset is allocated against this fund as it arises. 

Interest on funds held on deposit is included when receivable. 

## Resources expended 

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees’ meetings, audit and strategic planning and have been allocated back to support costs. 

Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 

Investments Investments are stated at fair value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year. 

## Tangible fixed assets and depreciation 

## All assets costing more than £500 are capitalised. 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Leasehold Improvements - 50 years Furmiture/fittings - 5 years Office equipment - 2-3 years 

## Heritage Assets 

Autograph ABP holds a collection of prints and photographs which meet the criteria for classification as heritage assets, however this collection has been built up over time and there is no readily available information on the cost of the collection as a whole. It is considered that the cost of obtaining a current value for this collection would outweigh any benefit of doing so. 

Certain of these assets have been acquired through grant funding with a condltion that the asset cannot be sold and therefore although the costs of these particular additions to the collection assets are known it is considered that they have no realisable value and they are therefore impaired to nil value at the point of acquisition. 

For the reasons outlined above there are no heritage assets recognised on the balance sheet of the charity. : 



AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS : 

For the year ended 31 March 2022 

## SNE 

## Debtors 

, at the settlement amount amount due after any trade discount net of any trade of any trade any trade trade discount due. , 

Trade and other debtors are recognised at the settlement amount amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade of any trade any trade trade discount due. 

Cash at bank and in hand — 

Cash at bank and in hand includes cash and short term highly Mquid investments with a short notice period. 

## Creditors and provisions 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past ‘event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

Employee benefits , ‘ The costs of short term employee benefits are recognised asa liability and an expense, the cost of unused holiday entitlement is recognised in the period in which the employee's services are received. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable ‘ ‘ Termination payments are recognised immediately as an expense when the company is committed to terminate the employment of an employee or to provide termination benefits. 

## Financial instruments 

‘The charity only has financial assets and financial liabilities of a kind that qualify as basic financlal instruments. Basic financial instruments are initially recognised at transaction value and subsequently at their settlement value. 

## Loans and borrowings 

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Operating leases ‘ Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period in which the cost is incurred. 

, 

, 21 



AUTOGRAPH ABP : 

## eee NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

. 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|eee|
|2.|OTHER TRADING|ACTIVITIES|;|
|Total|Total|
|Unrestricted|Unrestricted|
|Funds|Funds|
|2022|2021|
|£|£|
|Sense|of|Place|212,850|314,994|
|£|212,850|£|314,994|
|3.|INCOME|FROM|CHARITABLE|ACTIVITIES|
|Fees|&|
|Grants|Sales|Total|Total|
|2022|2022|2022|2021|
|£|£|£|£|
|Exhibitions,|new|commissions|and|
|promotions|329,679|26,910|356,589|475,859|
|Publishing,|events,|prints|and|sales|and|
|public|programme|376,540|201,309|577,849|495,977|
|Collection|&|Research|Centre|88,058|21|88,079|75,000|
|Organisational|development|and|
|promotion|90,030|27.|90,057|85,482|
|£|884,307|£|228,267|£|1,112,574|£|1,132312|
|Restricted|income from|charitable|activities|in|2021|totalled|£146,636.|
|Fees|&|
|;|Grants|Sales|Total|Total|
|2021|2021|2021|2020|
|£|£|£|£|
|Exhibitions,|new|commissions|and,|
|promotions|423,938|51,921|475,859|428,179|
|Publishing,|events,|prints|and|sales|and|
|public|programme|345,552|150,419|495,971|458,944|
|Collection|&|Research|Centre|75,000|'|-|75,000|144,704|
|Organisational|development and|
|promotion|85,482|:|-|$5,482|66,244|
|£|929,972|£|202,340|£|1,132,312|£|1,098,077|
|4.|INVESTMENT|INCOME|2022|20217|
|£|£|
|Bank|Interest|receivable|1,145|1,862|
|£|1,145|£|1,862|
|Restricted|income from|investment|income|in|2021|totalled|2Nil.|

**----- End of picture text -----**<br>


22 



7 : 

; 

## AUTOGRAPH ABP 

. 

eee 

## NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

eee 

|5.||EXPENDITURE||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Activities||||||||
|||||||under-taken|Support and|||||||
|||:||Staffcosts||directly||govemance|Total 2022|||Total2021||
|||||£||£||£||£||£||
|||Expenditure on Raising||||||||||||
|||Funds:<br>Sense ofPlace Ltd<br>Casts ofgenerating||-||282,329||-||282,329||234,207||
|||voluntaryincome||4,401||1,129||1,986||7,516||11,372||
|||Subtotal<br>Expenditure on||4,401||283,458||1,986||289,845||245,519||
|||Charitable Activities:|||||||||||.|
|||Exhibitions. new||||||||||||
|||commissions and||||||||||||
|||promotions<br>Publishing, events, prints||138,430|,|142,724||70,406||351,560||314,037||
||_|and sales and public||||||||||||
|||programme<br>Collection & Research||166,064||207,643||69,742|443,449|||360,290||
|||Centre<br>Organisational||38,223||37,800||16,088||92,111||61,275°||
|||development and||||||||||||
|||promotion||36,706||9,416||26,346||72,468||66,704||
|||Subtotal<br>Supportcosts||379,423<br>117,345||397,583<br>67,223||182,582<br>(184,568)|.|959,588<br>-||802,306<br>-||
|||TotalExpenditure|£|501,169|£|748,264|£|Nil|£1,249,433||£|1,047,825||



Restricted expenditure from resources expended in 2021 was £67,098. 

, 

23 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|ae|
|5.|EXPENDITURE|(continued)|

**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Activities|
|under-taken|Support and|
|Siaff costs|directly|governance|Total 2027|
|£|£|£|£|
|Expenditure|on|Raising|
|Funds:|;|
|Sense|of Place|Ltd|-|234,207|-|234,207|
|Costs|of generating|
|voluntary|income|4,463|4,780|2,069|11,312|
|Subtotal|4,463|238,987|2,069|245,579|
|Expenditure|on|
|Charitable|Activities:|
|Exhibitions,|new|
|.|commissions|and|
|promotions|137,412|107,047|69,578|314,037|
|Publishing,|events,|prints|
|and|sales|and|public|
|programme|132,408|166,573|67,369|360,290|
|Collection|&|Research|
|Centre|31,344|15,404|14,527|61,275|
|Organisational|
|development|and|
|promotion|32,493|7,151|27,060|66,704|
|Subtotal|333,657.|296,775|172,534|802,306|
|Support|costs|116,336|58,267|(174,603)|-|
|Total|Expenditure|£|454456|£|593,369|£|Nit|£|1,047,825|
|6.|SUPPORT AND GOVERNANCE|COSTS|Total|Total|
|‘|2022|2021|
|£|£|
|Administration|costs|30,690|22,122|
|Premises|costs|36,533|36,145|
|Wages|and|salaries|117,345|176,336|
|£|184,568|£|174,603|
|7.|GOVERNANCE:|2022|2021|
|£|£|
|Audit fees|payable to|auditors|5,650|5,400|
|Trustees|indemnity|insurance|692|645|
|£|6,342|£|6,045|

**----- End of picture text -----**<br>


24 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022 

|eee|eee|eee|eee|eee|eee|eee|eee|eee|eee|eee|
|---|---|---|---|---|---|---|---|---|---|---|
|8|NET EXPENDITURE FORTHE|YEAR|||||||||
||This isstated aftercharging:|||||||2022||2021|
|||||||||£||£|
||Auditors’ remuneration:||||||||||
||Auditfeegroup accounts|||||||5,650||5,400|
||Auditfee -Sense of Place Ltd|||||||4,500||4,600|
||Other services<br>Depreciation<br>- on|owned|assets|||||1,120<br>26,318||600<br>26,567|
|9.|STAFF NUMBERSAND COSTS||||||||||
|||||Charity<br>2022||Charity<br>2021||Group<br>2022||Group<br>2021|
|||||£||£||£||£|
||Wages and salaries<br>Social security costs<br>Pension costs|:||435,318<br>46,765<br>13,052||397,032<br>42,144<br>12,221||§33,566<br>49,774<br>13,473||507,843<br>45,715<br>12,876|
||Other staffcosts|||6,031||3,059||7,000||3,119|
||||£|501,169|£|454456|£|603,813|£|569,553|



The average monthly head count for Autograph ABP was 12 staff (2021 - 12 staff).The average monthly head count for the group was 17 staff (2021 - 17 staff), 

No employee received remuneration of between £70,000 and £80,000 (2021 - one employee between £70,000 and £80,000) in the year. Two employees received remuneration of between £60,000 and: £70,000 (2021 - no employee between £60,000 and £70,000) in the year. 

## 10. MANAGEMENT COMMITTEE 

During the year, no management committee received any remuneration, except for Mark Sealy who received £69,669 (2021 - £67,667) for his role as Executive Director. He did not receive any remuneration for his role as trustee. : 

. 

During the year 1 member (2021 - no members) of the management commitiee received reimbursement of expenses amounting to £194 (2021 - £0). 

During the year, Key Management Personnel, which comprises the Executive Director and Deputy Director, remuneration cost £170,923 (2021 - £147,048) in aggregrate, including employers national insurance and pension contributions. 

) 

25 



; 

## AUTOGRAPH ABP 

## eee 

## NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

## a 

## 11. TANGIBLE FIXED ASSETS 

|||||Leasehold||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Improvement|||Fixture and||Office||||
|Charity||||s||fittings||equipment||Total||
|||||£||£||£||£||
|Cost||||||||||||
|At1 April 2021<br>Additions||||312,974<br>-||49,145<br>4,198||131,382<br>2,521||493,501<br>3,719||
|At31 March2022||||312,974||50,343||133,903||497,220||
|Depreciation||||||||||||
|At 1 April 2021<br>Charge forthe year||;||31,298<br>7,824||41,001<br>5,695||109,136<br>12,361||181,435<br>25,880||
|At 31 March 2022||||39,122||46,696||121,497||207,315||
|Net book value||||||||||||
|At 31 March 2021|‘||£281,676||£|8,144|£|22,246|£|312,066||
|At 31 March2022|||£273,852||£|3,647|£|12,406|£289,905|||
|||||Leasehold|||||||,|
|||||Improve-||‘Fixture and||Office||||
|Group||||ments||fittings||equipment||Total||
|||||£||£||£||£||
|Cost||||||'||||||
|At 1 April 2021<br>Additions<br>At 31 March 2022||||312,974<br>-<br>312,974||73,308<br>1,198<br>74,506||165,643<br>2,521<br>168,164||551,925<br>3,719<br>555,644||
|Depreciation||||||||||||
|At 1 April 2021<br>Charge forthe year||||31,298<br>7,824||65,164<br>5,595||142,782<br>12,799||239,244<br>26,318||
|At 31 March 2022||||39,122||70,859||155,581||265,562||
|Net book value||||||||||||
|At 31 March 2021|||£287,676||£|8144|£|22,861|£|312,681||
|At31March2022|||£|273,852|£|3,647|£|12,583|£|290,082||



The original cost of Land and buildings are included at a value of zero, as explained in note 1 - Accounting Policies - Group financial statements. Improvements funded by capital grants and incurred in the current year have been capitalised as leasehold improvements. 

Arts Council of England has a fixed and floating charge aver the property and assets for 40 years and London Borough of Hackney has a legal charge for 20 years over the land and building. These legal charges are to secure the repayments of grants in the event of these becoming repayable in whole or in part under the terms of the original grants. 

\ 26 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

## See 

## 12. HERITAGE ASSETS 

The vast majority of the charity's collection of photographs and prints have been acquired over time and as there is no readily available information on their cast no value is recognised for these on the balance sheet. 

In the financial year ended 31 March 2018 assets were acquired with a cost of £17,470. Grant funding was obtained to cover the full purchase cost but on the condition that the assets cannot be sold. As these have no resale value for the charity they have been impalred in full in the year of acquisition and included within expenditure on charitable activities with the corresponding grant funding released in full to the SOFA. 

## 13. INVESTMENTS IN SUBSIDIARY UNDERTAKINGS 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|At|1|April|2021|2|2|
|At|31|March|2022|£|2|£|2|
|————————SS|

**----- End of picture text -----**<br>


Arts Council of England holds a security over the shares held by Autograph ABP in Sense of Place Ltd, by way of securing all and any monies due from Sense of Place Ltd to Arts Council of England. 

## 14. SUBSIDIARY COMPANIES 


**----- Start of picture text -----**<br>
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Sense|of Place|Ltd|°|
|The|charity owns|100%|of the|issued|share|capital|of Sense|of Place|Ltd,|a|company limited|by shares|
|and|registered|in|England|& Wales|(company number 04346425).|
|The|principle|activity|of Sense of Place|Ltd|Is|the management of Rivington|Place.|
|Profit and|Loss account|- Sense|of Place|Ltd|2022|2021|
|£|£|
|Tumover and|interest|receivable|416,447|480,500|
|Costs|(407,446)|(359,324)|
|Operating|profit/(loss)|for the|year|9,001|121,176|
|Profit/(Loss)|for the|financial|year|£|9,001|£|121,176|
|—a——S|
|Statement|of Changes|in|Equity|- Sense|of Place|2022|2021|
|£|£|
|Profit/(Loss)|for the|financial|year|9,001|121,176|
|Equity|at start|of|period|151,456|81,532|
|Gift|aid|danation|(123,021)|(51,252)|
|Equity at and|of|period|£|37,436|£|151,456|

**----- End of picture text -----**<br>


27 



. 

: 

## AUTOGRAPH ABP 

. 

## eee 

## NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 

## eee 

## 14. SUBSIDIARY COMPANIES (continued) 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|Balance|Sheet|-|Sense|of|Place|Ltd|2022|2021|
|£|£|
|Tangible|Fixed Assets|4,853,592|4,979,147|
|Current|assets|340,740|446,876|
|Current|liabilities|(279,311|)|(277,865)|
|Net|Current assets|61,429|175,017|
|Creditors|falling due|after more than|1|year|(4,877,585)|(5,002, 702)|
|Net Assets|£|37,436|£|757,456|
|Capital|and|Reserves|
|Share|Capital|2|2|
|Profit and|loss|account|.|37,434|151,454|
|£|37,436|£|151,456|
|15.|DEBTORS|Charity|Group|Charity|Group|
|Due|2022|2022|2021|2021|
|within|one|year|£|£|£|£|
|Trade|debtors|4,785|24,803|7,789|18,763|
|Grants|receivable|9.759|9,759|75,055|75,055|
|Prepayments|44,957|59,394|45,499|60,603|
|Other|debtors|4,204|5,621|19,572|23,562|
|£|63,705|£|99,577|£|147,915|£|177,983|
|——|SSS.|Eee eee|eee|

**----- End of picture text -----**<br>


## 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 


**----- Start of picture text -----**<br>
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity|Group|Charity|Group|
|2022|2022|2021|2021|
|£|£|£|£|
|Trade|creditors|50,045|61,701|64,177|66,078|
|Due|to|group|undertakings|20,218|-|-|-|
|Social|security and|other taxes|18,681|24,156|14,134|23,122|
|Other creditors|170,274|220,232|147,555|199,346|
|Accruals|13,774|48,110|30,741|56,965|
|Deferred|income|38,756|87,322|60,858|116,495|
|£|311,748|£|441,521|£|316,799|£|462.006|
|Deferred|income|
|Balance|at|1|April|2021|60,858|116,495|76,297|152,075|
|Amount|released|to income|(31,163)|(86,800)|(30,096)|(105,880)|
|Amount|deferred|in|the|year|
|Grants|-|-|4,663|4,663|
|Fees|9,061|57,627|10,000|65,637|
|Balance|at|31|March|2022|£|38,756|£|87,322|£|60,858|£|116,495|

**----- End of picture text -----**<br>


28 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022 


**----- Start of picture text -----**<br>
;<br>**----- End of picture text -----**<br>


## eee 17. STATEMENT OF FUNDS 

|Movement in funds (currentyear)|Movement in funds (currentyear)|Movement in funds (currentyear)|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Brought|||||||Transfers and|||Carried|
|||Forward 1||Incoming|||Resources|||investment||Forward 31|
|||April 2021||Resources|||Expended||gains/{losses)|||March 2022|
|||£||£||||£||£||£|
|DESIGNATED FUNDS|||||||||||||
|Collection and research|||||||||||||
|centre||100,000||-||||(6,550)||50,000||143,450|
|Building Maintenance and||||:|||||||||
|replacementprogramme<br>Artistic Investment<br>Digital development<br>Organisational promotion||317,910<br>20,000<br>100,000||-<br>-<br>-||||-<br>-<br>-||153,021<br>50,000<br>-||470,931<br>70,000<br>100,000|
|and deveiooment<br>Fixed assets (NBV)fund|E|22,600<br>62,038<br>622,548|£|-<br>-<br>Nil||£|.|(1,000)<br>~<br>(7,550)|£|50,000<br>(4,515)<br>298,506|£|71,600<br>57,523<br>913,504|
|||Brought||||||Transfers and||||Carried|
|||Forward 1||Incoming|||Resources|||investment||Forward 31|
|||April 2021||Resources|||Expended||gains/(losses)|||March 2022|
|||£||£||||£||£||£|
|RESTRICTED FUNDS|||||||||||||
|Building Maintenance and|||||||||||||
|replacementprogramme<br>ACE Small Scale Capital<br>NHLF Resilient Heritage||50,000<br>232,896<br>-||-<br>-<br>16,500||||-<br>(9,776)<br>(16,500)||-<br>-<br>-||50,000<br>223,120<br>-|
|NHLF Heritage Emergency<br>DCMS Cultural Recovery<br>Bagri Foundation<br>Paul Mellon Centre<br>TheArt Fund<br>LB HackneyHoxton &||17,132<br>-<br>-<br>37,000<br>20,500||~<br>89,777<br>13,500<br>-<br>-||||(7,870)<br>(89,777)<br>(3,758)<br>(5,550)<br>(10,254)||-<br>-<br>“<br>-||9,262<br>-<br>9,742<br>31,450<br>10,246|
|Shoreditch Art Fund<br>Shape Arts<br>CityBridgeTrust<br>Cockayne Foundation<br>Otherfunds||6,291<br>9,025<br>-<br>-<br>-||-<br>11,523<br>20,000<br>10,000<br>9,662|-|||(6,291)<br>(11,147)<br>(7,036)<br>-<br>(9,662)||-<br>-<br>-<br>-||-<br>9,401<br>12,964<br>10,000<br>-|
|Total Charity Restricted|||||||||||||
|Funds<br>Capital Grants<br>Total Group Restricted7|372,844<br>170,962<br>149,286<br>-<br>7|||||||(177,621)<br>-||-<br>-||366,185<br>149,286|
|Funds|£|522,130|£|170,962||£||(177,621)|£|Nil|£|515,471|



29 



## AUTOGRAPH ABP 

## eee 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022 

## eee 

## 17. STATEMENT OF FUNDS (continued) 

|||Brought|||||Transfers and|Transfers and|Carried|
|---|---|---|---|---|---|---|---|---|---|
|||Forward 1||Incoming||Resources||investment|Forward 31|
|||April2021|Resources|||Expended|gains((losses)||March2022|
|||£||£||£||£|£|
||SUMMARY OFGROUP FUNDS|||||||||
||Designated Funds<br>General Funds<br>Subsidiaries<br>Restricted Funds|622,548<br>299,643<br>151,454<br>1,073,650<br>522,130||-<br>864,277<br>291,330<br>1,155,607<br>170,962|=(1,071,812)|(7,550)<br>(658,912)<br>(405,350)<br>(1,071,812)<br>(177,621)||298,506<br>(298,506)<br>-<br>-<br>:|913,504<br>206,507<br>37,434<br>1,157,445<br>515,471|
|||1,595,780||1,326,569||(1,249,433)||-|1,672,916|
||Movement in funds (prioryear)|year)||||||||
|||Brought|||||Transfers and||Carried|
|||Forward 1<br>April2020|incoming<br>Resources|||Resources<br>Expended|investment<br>gains/(losses)||Forward 31<br>March 2021|
|.||£|:|£||£||£|£|
||DESIGNATED FUNDS|||||.||||
||Collection and research|||||||||
||centre|71,000||-||-||29,000|100,000|
||Building Maintenance and|||||||||
||replacement programme|257,910||-||-||60,000|317,910|
||Artistic Investment|20,000||-||-||-|20,000|
||Digital development<br>Organisational promotion|50,000||-||(2,953)||§2,953|100,000|
||and development|80,575||-||(7,975)||-|22,600|
||Fixed assets (NBV)fund<br>Total Group Restricted|66,838<br>-<br> (7||||-||(4,800)|62,038|
||Funds|£496,323|£|Nil|£|(10,928)|£|137,153£|622,548|



30 



AUTOGRAPH ABP : 

## eee NOTES TO THE FINANCIAL STATEMENTS , For the year ended 31 March 2022 

## eee 17. STATEMENT OF FUNDS (continued) 

' 

|Movement in funds (prioryear)|Movement in funds (prioryear)|||||||||
|---|---|---|---|---|---|---|---|---|---|
||Brought|||||Transfers and|||Carried|
||Forward 1<br>April2020||Incoming<br>Resources||Resources<br>Expended|investment<br>gains/(losses)|||Forward37<br>March 2021|
||£||£||£||£||£|
|RESTRICTED FUNDS||||||||||
|Building Maintenance and||||||||||
|replacement programme|50,000||||||-||50,000|
|ACE Small Scale Capital|242,672||-||(9,776)||-||232,896|
|NHLF Resillent Heritage|-||2,500||(2,500)||-||-|
|NHLF Heritage Emergency|-||27,900||(10,768)||-||17,132|
|DCMS Cultural Recovery|-||-||-||-||-|
|Bagri Foundation|-||15,000||(15,634)||634||-|
|Paul Mellon Centre|-||37,000||-||-||37,000|
|The Art Fund<br>LB Hackney Hoxton &|-||25,000||(4,500)||-||20,500|
|Shoreditch Art Fund<br>ShapeArts<br>Otherfunds|-<br>-<br>-||20,000<br>11,022<br>8,214||(13,709)<br>(1,997)<br>(8,214)||-<br>-<br>-||6,297<br>9,025<br>-|
|Total Charity Restricted||||||||||
|Funds<br>Capital Grants<br>Total Group Restricted|292,872<br>149,286||146,636<br>-|(67,098)<br>634<br>372,844<br>-<br>-<br>149,286<br>SoKF||||||
|Funds<br>£|447,958|£|146,636|£|(67,098)|£|634|£|522,130|
||Brought|||||Transfers and|||Carried|
||Forward 1<br>April2020||incoming<br>Resources||Resources<br>Expended|investment<br>gains/(losses)|||Forward 31<br>March 20217|
||£||£||£|,|£||£|
|SUMMARY OFGROUP FUNDS||||||||||
|Designated Funds|496,323||-||(10,928)||137,153||622,548|
|General Funds<br>Subsidiaries<br>Restricted Funds<br>;|174,626<br>87,530<br>752,479<br>444,958||947,149<br>355,383<br>1,302,532<br>146,636||(684,340)<br>(285,459)<br>(980,727)<br>(67,098)||(137,787)<br>-<br>(634)<br>634||299,648<br>151,454<br>1,073,650<br>522,130|
|£1,194,437||£|1,449,168|£|(1,047,825)|£|Nil|£|1,995,780|



## Designated & Restricted Funds are held for the following purposes: 

The collection and research centre fund is to enable Autograph ABP to meet its commitment to the collection and research centre project. £6,550 was expended from designated funds in the year and a tranfer of £50,000 was made to meet forthcoming costs. This will be expended over the next 2 years. 

The building maintenance and replacement fund (Designated and Restricted) is. to enable the charity to meet its obligations towards the running costs, maintenance of the fabric, improvement and replacement ofrequiredequipmentover theof Rivingtonnext § years.Place. It is expected.to spend the fund during schedules of cyclical work 

31 



## AUTOGRAPH ABP 

## eee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022 

## eee 

## 17. STATEMENT OF FUNDS (continued) 

The artistic investment fund is to invest in major projects which can support income generation for the charity's activities. Expenditure is expected to be incurred in the next two years. 

The digital development fund is to provide for development of digital capacity in Autograph. Expenditure 

The arganisational promotion and development fund is to enable organisational and business development activity necessary to promote profile and generate earned income. Expenditure of £1,000 Incurred during the year included development of the website and it is anticipated the remaining balance ~ will be expended over the next 2 years. 

The fixed assets (NBV) fund is set up for capitalised equipment purchased by using unrestricted fund or capital grants where there is no continuing restriction as to use. A transfer is made each year to reflect the change in the net book value. 

## ACE Small scale capital is to develop an educational space for the charity, 

National Heritage Lottery Fund: Heritage Emergency Fund grant is to invest in technology upgrade, collection cataloguing and donations systems. 

Bagri Foundation is a grant towards the publication of an artists monograph, 

Paul Mellon Centre is towards a curatorial research programme and exploring the work of Rotimi Fani Kayode. 

The Art Fund is towards the costs of digital commissions to three artists. 

LB Hackney Hoxton & Shoreditch Art Fund is towards the costs of delivering #HackneyisHome an intergenerational participatory project with young re‘ugees and Hackney residents. 

Shape Arts Transforming Leadership funding is to deliver leadership development activity to a cohort of disabled artists. . 

City Bridge Trust funding is to support our specialised, dedicated, whole family Special Educational Needs & Disabilities Creative workshop programme. Cockayne Foundation funding is towards the costs of mounting a solo exhibition of work by internaitonal artist Eric Gyamfi. , 

Other projects include the Explorers project in collaboration with Project Aart Works to build 2 sustainable creative programme in visual arts and social care with people who have complex needs. 

32 



AUTOGRAPH ABP 

, 

For the year ended 31 March 2022 

## Eee 

## NOTES TO THE FINANCIAL STATEMENTS 

## eee 

## 18, ANALYSIS OF NET ASSETS BETWEEN FUNDS 

, 

||||Unrestricted Funds|Unrestricted Funds|Unrestricted Funds||||||
|---|---|---|---|---|---|---|---|---|---|---|
|CurrentYear|Subsidiary<br>Companies||Designated<br>Funds||General<br>Funds|||Restricted<br>Funds||Total<br>Funds|
||£||£||£|||£||£|
|Tangiblefixed assets<br>Net currentassets|177<br>37,257||57,523<br>855,981||-<br>206,507|-||232,382<br>283,089||230,082<br>1,382,834|
||£<br>37,434|£|913,504|£|206,507||£|515,471|£|1,672,916|
||||UnrestrictedFunds||||||||
|PriorYear|Subsidiary<br>Companies||Designated<br>Funds||General<br>Funds|||Restricted<br>Funds||Total<br>Funds|
||£||£||£|||£||£|
|Tangible fixed assets<br>Net currentassets|2,705<br>78,825||66,838<br>429,485||-<br>174,626|||242,672<br>199,286||312,275<br>882,222|
||£<br>81,530|£|496.323|£|174,626||£|447,958|£|1,194,437|



## 19. OTHER FINANCIAL COMMITMENTS 

||At 31 March 2022 the Charity had aggregrate commitments <br>set out below:|under|non-cancellable operating|non-cancellable operating|non-cancellable operating|leases as|
|---|---|---|---|---|---|---|
|‘|.|||Other||Other|
|||.||2022||2027|
||Operating leases falling due:|||£||£|
||within oneyear<br>within two to five years|||9,552<br>28,099||9,552<br>37,657|
||||£|37,651|£|47,203|



## 20. RELATED PARTIES 

During the financlal year, the charity provided equipment and management services of £15,050 (2021 - £19,880) to its wholly owned subsidiary Sense of Place Ltd and incurred expenditure of £36,807 (2021 - £36,455) for rent and £41,673 for provision of invigilators and other costs (2021 - £3,934). 

The amount due to the subsidiary at the year end was £20,218 (2021 - due to the subsidiary was £Nil), 

## 21. EVENTS AFTER THE REPORTING PERIOD 

EVENTS AFTER THE REPORTING PERIOD . There were no post balance sheet events. 

) 

33 



## AUTOGRAPH ABP 

## eee 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022 

## SSeS 22, RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 

|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||£||£|
|Net movement in funds (consolidated)||||||77,136||401,343|
|Depreciation charge||||||26,318||26,597|
|Bank Interest Received<br>Decrease/({increase) in debtors<br>(Decrease)/Increase in creditors<br>Net cash flowfrom operating activities|||||£|(1,145)<br>78,406<br>(20,485)<br>160,230|£|(1,862)<br>(62,982)<br>(19,347)<br>343,749|
|COMPARATIVE PARENTSTATEMENT||OF FINACIAL ACTIVITIES BYFUNDFORTHEYEAR|||||||
|ENDED 31 MARCH 2021|||||||||
||'||Unrestricted||Restricted|||Total|
|;|||‘Funds||Funds|||Funds|
|||||||||2021|
||||£||£|||E|
|INCOME FROM:|||||||||
|Charitable activities|os||1,036,928 *||146,636|||1,183,564|
|Investments|||1,862||-|||1,862|
|TOTAL INCOME|||1,038,790||146,636|||1,185,426|
|EXPENDITURE ON:|||||||||
|Charitable activities|||786,909||67,098|||.<br>854,007|
|TOTAL EXPENDITURE|||786,909||67,098|||854,007|
|Net income/(expenditure)<br>Transfer between funds<br>NET MOVEMENT IN FUNDS||;|251,881<br>(634)<br>251,247||79,538<br>634<br>80,172|||331,419<br>-<br>337,419|
|Reconciliation offunds:||||||.|||
|Total funds at31 March 2020|||670,949||292,672|||963,621|
|TOTAL FUNDSAT31 MARCH|2021||£<br>922,196<br>ESS|£|372,844||£<br>1,295,040<br>oe||



23, COMPARATIVE PARENT STATEMENT OF FINACIAL ACTIVITIES BY FUND FOR THE YEAR ENDED 31 MARCH 2021 

34 



## AUTOGRAPH ABP 

; 

| 

## NOTES TO THE FINANCIAL STATEMENTS 

For the year ended 31 March 2022s 

## eee 24, COMPARATIVE CONSOLIDATED STATEMENT OF FINACIAL ACTIVITIES BY FUND FOR THE YEAR ENDED 31 MARCH 2021 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|.|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|
|2021|
|‘|£|£|£|
|INCOME|FROM:|
|Charitable|activities|985,676|146,636|1,132,312|
|Other trading|activities|314,994|-|314,994|
|Investments|1,862|-|1,862|
|TOTAL INCOME|1,302,532|146,636|1,449,168|
|EXPENDITURE|ON:|.|
|Raising funds|245,519|-|245,519|
|Charitable|activities|735,208|67,098|802,306|
|TOTAL|EXPENDITURE|980,727|67,098|1,047,825|
|Net|Income/(expenditure)|321,805|79,538|401,343|
|Transfer|between|funds|(634)|634|-|
|NET MOVEMENT IN FUNDS|321,171|80,172|401,343|
|Reconciliation|of funds:|
|Total|funds at 31|March|2020|752,479|441,958|1,194,437|
|TOTAL|FUNDS AT 31|MARCH|2021|£|1,073,650|£|522730|£|1,595,780|

**----- End of picture text -----**<br>


; 

35