2021-03-31-accounts

					Page
Reference and administrative		details ofthe charity,	its trustees	and advisers
Trustees' report					2-4
Independent auditor's	report				5-7
Statement offinancial	activities
Balance sheet
Statement of cash flows					10
Notes to the financial	statements				11-17

REFERENCE AND ADMINISTRATIVE	DETAILS OF
THE CHARITY, ITSTRUSTEES AND	ADVISERS
FOR THE YEAR ENDED BI MARCH 2021

Trustees		Ms P Panayiotou
		Mr C D Organ
		Mr 5 Marks
Charity registered
number		1128056
Principal office		Elsley Court
		20-22 Great Titchfield Street
		London
		W1W BBE
Secretary		Ms P Panayiotou
Independent	auditor	Robert Barry Perez (Senior Statutory Silver Levene (UK) Ltd	Auditor)
		Accountants
		37 Warren St
		Fitzrovia
		London
		W1T 6AD
Bankers		National Westminster Bank pic 208 Piccadilly
		London
		W1A 2DG
Solicitors		Russells
		Yafding House
		152-156Great Portland Street
		London
		Wjw 5QA

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
			Note	E	E	E
Income from:
Donations and Legacies Investments			2 3	252,970 2,241	252(970 2,241	11,406,595 718
Total income				255(211	255(211	11 407 313
Expenditure on: Charitable activities				475,252	475,252	3,642,963
Total expenditure			5	475,252	475,252	3,642,963
Net income / (expenditure) gains and losses Net movement in funds		before other recognised		(220,041) (220,041)	(220,041) (220,041)	7,764,350 7,764,350
Reconciliation offunds:
Total funds brought	forward			7,769,670	7,769,670	5,320
				7,549,629	7,549,629	7,769,670
Total funds carried forward

		2021	2020
	Note	8	E
Cash flows from operating activities Net cash (used in)/provided by operating activities	16	(90,453)	7,605,703
Cash flows from financing activities: Repayments of borrowings Cash inflows from new borrowing		(11,474)	(285) 19,130
Net cash (used in)/provided by financing activities		(11,474)	18,845
Change in cash and cash equivalents in the year Cash and cash equivalents brought forward		(101,927) 7p624,824	7,624,548 276
Cash and cash equivalents carried forward	17	7,522,897	7,624,824
The notes on pages 11to 17form part ofthese financial	statements.

Donations
		Unrestricted	Total	Tota	I
		funds	funds	funds
		2021	2021I	2020I
Donations Legacies		252,970	252,970	11,406,595
Total donations	and legacies	252,970	252,970	11,406,595
Total 2020		11,406,595	11,406,595

Investment	income
Total 2020

Unrestricted	Total	Total
funds	funds	funds
2021	2021	2020
	6	E
2,241	2,241	718
718	718

Direct costs
	Costs of
	generating	Total	Tota I
	funds 5	2021 6	2020f
Art consultancy Auction expenses Selling commission Freight Repair and Renewals Video Producer Wardrobe Advertising and Promotion Audio costs Editing			1,313,588 465 802,686 732,742 35,338 5,600 1,635 379,519 2,000 1,800
			3,275,373
Total 2020	3,275,373	3,275,373

Analysis o	f Expenditure by expenditure	type
		Tote I	Totai	Tota I
		2021	2021	2020
			5	6
Donations paid Direct costs Support costs		423,153 47,100	423,153 47,100	124,619 3,275,373 238,879
Charitable	activities	470,253	470,253	3,638,871
Expenditure	on governance	4,999	4,999	4,090
		475,252	475,252	3,642,961
Total 2020		3,642,961	3,642,961

6.	Donations payable
			2021	2020
			E	E
	Donations paid		423,153	124,619
7.	Governance costs
			2021	2020
			E	E
	Travel, Entertainment Postage and delivery Bank serrnce charges Exchange difference Audit fees Irrecoverable vat Total	and Subsistence	399 3,250 1350 4,999	281 30 282 (2) 3,500 4,091
8.	Support costs
			2021	2020
			E	E
	Legal and Professional Accountancy fees Salaries Employers NI Insurance expense	fees	27,394 19,706	82,926 127,293 10,000 860 17,800
	Total		47,100	238,879

	The Auditor's	remuneration amounts to an Audit fee o	f E3,250 (2020 —E3,500).
11.	Debtors
			2021	2020
			E	E
	Trade debtors Other debtors Prepayments	and accrued income	56,962	1,534 152,092 19,130
			56,962	172,756

12.	Credi	tors: amounts falling due within one year
			2021	2020
				E
	Trade creditors Other creditors Accruals		9,480 7,370 13,380	2,280 22,130 3,500
			30,230	27,910
13.	Statement offunds
Statement		offunds - current year

Statem	ent offu	nds - current year
						Balance at
			Brought			31 March
			forward	Income	Expenditure	2021
				E	E	E
Designated funds
Designated Funds		- all funds	158,987			158,987
General	funds
General	Funds		7,610,683	255,211	(475,252)	7,390,642
Total Unrestricted		funds	7,769,670	255,211	(475,252)	7,549,629
Total of	funds		7,769,670	255~211	(475 252)	7~549 629

								Balance at
				Balance at I April 2019	Income	Expenditure	Transfers in/out	31 March 2020
				E	E	E	E	E
Designated		Funds	—all funds	58,987			100,000	158,987
General	Funds			(53,667)	11,407,313	(3,642,963)	(100,000)	7,610,683
Total of	funds			5,320	11,407,313	(3,642,963)		7,769,670

Analysis	of net ass	ets between	funds - current year
				Unrestricted	Total
				funds	funds
				2021	2021
				E	E
Current Creditors	assets due within	one year		7g579~859 (30,230)	7~579~859 (30,230)
				7 549~629	7~549 629
Analysis	of net assets between		funds - prior year
				Unrestricted	Total
				funds	funds
				2020	2020
				E	E
Current Creditors	assets due within	one year		7,797,580 (27,910)	7,797,580 (27,910)
				7 769 670	7 769 670

Reconciliation of	net	moveme	nt in funds t	o net cash	flow from o	perating activitie	s
						2021	2020
						E	E
Net (expenditure)/income		for the year (as per		Statement	of Financial
Acti vities)						(220,041)	7,764,350
Adjustment for: Decrease/(increase) Increase/(decrease)	in in	debtors creditors				115,508 14,080	(47,749) (110,898)
Net cash (used in)/provided			by operating	activities		(90,453)	7,605,703

17.	Analysis ofcash and cash equivalents	Analysis ofcash and cash equivalents
			2021 5	2020I
	Cash	in hand	7,522,897	7,624,824
	Tota I		7g522I897	7 624 824