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|---|---|---|---|---|---|
|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||
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|||||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|||||||
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|||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.|||
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|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|||
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|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||
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|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|
##
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||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|
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|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|
##
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|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|
##
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|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|