CF communityfocus THE ALL I￿LuwE AfiTS CENTrE Communlty FO¢￿ Induslve Arts (A Company ￿rnited by Guarantee} Annual Report & Flnanclal Statements For The Year Ended 31 March 2023 Company Registration No. 7442636 Reglstered Charlty No. 1139259 CF communityfocus THE ALL INCLUSVE ARTS CEN7f4E Contents Reference and administratr￿ inforniation.......-..........--..............................,.... Chairfs Report.,.....-.--..-.-....-.......... Chlef Executive's Report.........-....................-.....-...................................,........ Trustee< Annual Report......-...... .........-.-.......-....-.-....-.................................. Independent Examlnerfs Report .............-....-.-...-........-.......-.......-.......-......... 17 Statement of Flnanclal Actlvltles .-....-...-....-.-.-.-.-..........-.-....-......-..-...-.,.. 19 Balance Sheet....-...............-...-....-....-..........-....- .20 Notes to the Flnanclal Statements......................-.......-......-..-.-................-...... 21 CF communityfocus THE ALL INCLUSIVE ARTS CENTrE Reference and admlnlstratlve Informatlon Charlty name: CharSty number: Company number: Registered office: Communlty Focus Induslve Arts 1139259 7442636 Friary House, Friary ParK Friary Road, London N20 ONR Trustees Stephen Yeo {Chair since 20 April 20221 Alaz Ahmed (Treasurer) Mark Claydon Christine Grant Tom Hor Dr. Oge Ilozue Phillip Rackharn Eleanor Stokes-Puzone Hannah Ufiand Key management personnel John Mccafferty (Chief ExecLrtlvel Independent Examlner Pitts & Seeus. Chartered Accountants and Re8lstered Auditor, Studlo 6, 6 Hornsey Street, London N7 8GR Bankers HSBC. 789 Hl8h Road. North Finchley. London N12 8JX Sollcltors DLA Plper, 160 Alders8ate Street. BaTblcan, London ECIA 4HT "Thonk youfvr oll the Community Focus teom hove doff￿10r E. She hos goined confidence t7nd 50cioI skills because OA Community Focus. For thi5. we will bejorever 9rotefvl." Purent5 of E, o Short 8reoks student. CF communityfocus THE ALL INCLUSIVE ARTS CENTrE (ima￿. [TrbO￿stLthntN￿Q1￿Wfth ￿2022> CF communityfocus THE ALL INCLUSIVE ARTS CENTrE Chalrfs Report I have chalred the Trustees of Community Focus ICFI since Aprll 2022. During this year the charity has grown stronger: not only internally, as its management and Trustees have learned to work together more effettively; but also externally. as CF ha5 reathed out to develop exciting new partnerships with other organisations. We have created, and more importantly maintair￿. a diverse Board of Tru5tee5 who each bring their own unique 5killsets, including: not only a student from one of our In-house dasses. who represents and speaks for hSs peers; but also the parent of an In-house student who has prevlously attended our Short Breaks {1( 18yrsl and ARTlculate11&25yrsl programmes. Many of our Trustees Ilve locally, and so we see ourselves as representatlves of a community in Barnet and the surrounding boroughs. These local connections are particularly important: they allow us to malntaln strong relationship5 With the stakeholders who benefit from our service5. Stability and sustainability are key iNlicators to good performance in the Third Sector and this continuity can only be achieved through regular communication. Our Board of Trustee5 meets at least four tlmes a year. and Individual Trustees support CF'S students and staff by participating in events and exhibitions in and around the borough. As Chalr, I meet wlth the Chlef Executlve on a fortnightly basis to provlde advice on speclfic issues and mentorship more generally. The Board advise the Chief Executive, helping promote clear pathways and processes as CF continues to grow In a positive and progressive dlrection. Attending the Winter and Summer exhibition5 of our students, work. at Friary House and elsewhere, offers a very tanglble and dlrect way of appreclatlng not On￿ our beneficlaries, achlevements as artlsts but also how thelr Ilves are enrlched through thelr creatlon of art. They learn many soft skllls by partlclpatlng In our onsite and onllne arts actlvitles, ski115 that can be used In dally Ilfe and in the workplace- time management, budgetln& communicating, sharlng a safe space and soclallslng with multlple Indlvlduals in a serles of group envlronments. CF has done well to seture annual as well as multl.year grants f rom two large funder5 that focus in particular on supporting young people with additional needs In education settin85 and those not in employment or training. Our woik with these young people provides them wlth much needed and effective support as they make the transltlon to adult lrfe. Friary House, where CF is based, is a buildin8 Wlth rich historical significance. It is also an agelng bulldln& and with age comes uncertainty about the costs of its upkeep. Despite this uncertalnty we remain optimistic about Friary House, and believe that it has the potential to serve many more people in the local community. We are consCiOUS that the Borough owns the building and is responsible for strurtural repair5 if and when needed. CF is hopeful that the social beneflt we provlde lindudlng to many vulnerable children. young people and adults) wlll increase, together with continued communications wlth Barnet will help us move forward In developlng Frlary House as a communlty hub. CF communityfocus TrIE ALL INCLUSWE ARTS CENTr Finally we want to thank all our staff, s￿dents, stakeholders and volunteers for their continued support to be able to be creati4*. Stephen Yeo, Chair On behalf of the Board of Trustees 13 December 2023 cFSu￿¢￿j￿rtwtykIxNbIttdth fyj Ch1￿ IM¥))231 R•wwth InAut15m & EduC￿￿￿•n 10231 "prt ￿ P3ra(hute adNnywthbenefidarlesfmrnBarr*tAsièn Wofften5AtsotsatsDi tyun£ 20221 CF communityfocus THE ALL INCLUSIVE ARTS CENTI Chlef Executlve's Report CF Is an accesslble Independent mU￿1-d[sc1plInary arts ￿ntre provldlng arts actfvltles within the London Borough of Barnet and surroundin8 areas. We continue to offer three main pro8rammes for public benefit: In-house, ARTiculate and Short Breaks. These are sulted for range of 140 indNiduals with additional needs and disabilities, ranging from children as young as ten years to vulnerable adults In their nlneties. I have seprtj as Chlef Executfve for only four years. Reflecting on all the opportunities CF has provided to Its beneficlaries over the past four years reveals more dearly what the charty stands for.. creatlng proactrve and productive platforms to help Individuals develop p05itive skillsets, s¢xial networks and ambitlons or simply attend a safe space to enjoy the company of others throu8h the arts. Thls year we were able to purchase ten new imacs, replacing a mlx of old computer equipment In our IT Suite. funding was sourced from 8arnet Area Community Committee Infrd5trurture Lw Fund and the process helped us establish new ￿latiOnshIpS with ward councillor5, So far we have helped over 50 individuals access the internet and create varied artwork through Softwa￿ suth as Adobe Illustrator and Garage Band. These a￿ often used by our Comms & Marketlng staff to edlt Images and create leaflets that we prlnt locally plus upload vldeos to our sodal medla accounts. CF'S sodal medla accounts promote and evldence In a positive way the varled ar￿Ork our students create, and technology helps u5 reach manv more Isolated people in the borou8h throu8h our weekly free Medltatlon, Arts soclal and Friday social Zoom sesslons. Over the past year CF has worked In partnershlp with a number of local schools. Bread N Butter CIC, arrtl In particular Sllian Arts and Design gallery who helped us exhlblt both Sn Guangzhou and Shanghal twenty palntlngs by our In-house students. We sald farewell to one of our ARTiculate project managers, whose posltion was funded In part by John Lyon's Chartty, and we welcomed two new projett managers in a shared fulltime posltion funded by Clty Bridge Trust. Both funds help to support young people In varied ways. John Lyon'5 Charity Cultural Capital funding forArts Organisations helped CF staff and a group of youn8 autistic female students at Oaklod8e school to use their life experiences to create their own novel 'Everything Starts with a Dof. A series of workshops provided too15 to help thern d15CU55 and develop idea5 into a fvlly-fledged book, which wa5 launched at University College London and is ardiloble for purchase through the school and online. City Bridge Trust fundin8 helps provide activities both In the community and schools to learn work skllls and strengthen thelr employment opportunities. We continue to work wlth the local authority In a posltlve manner wlth the alm to come to an agreement on our on8olng arrears, atthough this has proved to be a protracted process. John Mccafferty Chief Executive CF communityfocus THE ALL INCLUSIVE ARTS CENTrE Trustees. Annual Report for the year ended 31 March 2023 Strutture• governan￿ and management Governlng Document Communlty Focus InclusSve Arts Is a charttable company limited by 8uarantee, incorporated on 17 November 2010. It was re8lStered as a charity in 1978. The company was e5tabli5hed under a memorandum of association whlch established the objects and powers of the charitable company and is governed under its Artides of A$s￿lat￿n. Dlrectors and trustees The directors of the charitable company lthe charity) are its tnistees forthe purpose of charlty law. The trustees and officers serving during the year and since the year-end are described on page 3. Legal and Administrative Information Section. Appolntment of trustees Any changes to the Board of Directors or Trurtees are made through Major￿ votlng In the Board meetings. Trustee Inductlon and tralnl The Board of Trustees recefve a Trustee Indurtlon Pack, alon8 With an annual IndUCt￿n regardlng the health and safety requSrements of our arts eentfe and are Invited to attend varlous relevanl tralnlng courses. Related partles and CO•operatk•n wlth other or8anlMtions None of the trustees recefve remuneration or other benefft from their work wlth the charlty. Any connection between a trustee and senlor management of the charity must be disdosed to the Chairman and Chief Executive. Pay polKy for senlor staff Senior staff ICh*f Executive) members a￿ paid in consultstion wlth ACEVO pay pollcy guidelines. Rlsk management The trustees have examined the malor strateglc. buslness, and operatlonal rlsks, whlth the charity fa￿5. They confirm that systems have been establlshed lo enable regular ￿POrtS to be produced 50 that the necessary 5tep5 can be tsken to lessen these risks. The trustees have a rlsk management strategy. whlch comprlses: an annual ￿vIeW of the prlnclpal rlsks and uncertaintles that the charSty face,. the establishment of policies. systems, and procedures to mitlgate those risks identlfied in the annual review- and CF communityfocus THE ALL INCLUSIVE ARTS CENTRE the Implantstion of prO￿dureS designed to minimize or manage any potential impart on the charity should those risks materialise. This work has identified that the flnancial sUStalnabllity Is the major flnancial risk for chority. A key element in the management of financial risk is regular revlew of avallable Ilquld funding to carry our various arrangements. and artive management of debtors and credltors balances to ensure sufficient worklng capltal by the tharlty Is malntalned. As part of the overall strategy. attention has been focused on non-financial risks arising from fire, hea￿h and safety of staff and assoaated partners. These risks are managed by ensurlng accreditation is up to date, havin8 robust policies and pioodures Sn place and relatlvely regular awarene55 trainin8 for staff performed in our premises. Governance and mana8ement The Board of Trustees admlnlsters the charity. They usually meet on a quarterly basis unless othenNlse requested further. The Chief Executive is appointed by the trustees to manage the day-to-day operatlons of the tharity. To facilitate effectNe operations, the Chief Executive has delegated authority, wlthln ternis of delegatlon approved by the trustees, for operatlonal matters includlng finaft￿, employment, pollcles, and projert related activltles. M05t staff are 5elf-employed freelancers as many funders wlll not flnance the long-term costs associated with employees. The Board agreed to share responsiblllty In an actlng role fulfilling the position of Chair until a suitable and wllllng replacement was found w￿h declslons taken at Board level to meet regulatory guIdan￿. The current Chalr was elected In Aprll 2022 and as Chair is responsible for presidlng over Board meetin8s and guidln8 the future dlrectk)n of the charity. Trustees also review potential new trustees and vote on their suitability,. elected trustees are then subject to a DBS and reference checks before being formally Invlted to Joln the Board. Our Artlcles of Association state that three trustees are required for a quorum, and we folkjw Charlty Commission 8uidelines foradvice. Health and 5Jlety CF managed to run multlple onsite. outreach and online classes for its stsdents by lifting COVID19 restrlctlons at a pace they were comfortable with, following updated government and NHS guidelines and assignlng thanges to our project risk assessments. Relevant signa8e remalned vlslble throughout the bulldln8 dlsplaylng P055ible symptoms, with advisory best Pract1￿ for students and staff to mlnlmise risk. Infrared scanner5 were available for use to all individuals entering the building to check temperature5 if needed. Notional Youth Agency protocol for projects involving our younger students hèd now tumed to green. meanlng all restrictions had been lifted. CF communityfocus THE ALL INCLUSIVE ASITS CENT[ Objertives and activities Oblertlves The objectives of the charity are to advance the education and aesthetic tsste of members of the public with a non-exclusive focus on the inhabitants of the London borough of Barnet and surrounding areas. Providing arts and craft facilities in the interest of social weWare through recreation and leisure activities for individuals who have a need by reason of their age, youth or disability with the obiert of improving their conditions of lrfe. Malor artlvltles Communlty Focu5 contlnues tt5 operatlons as an alklnduslve arts centre and dellvers Its objectlves vla three maln programmes: In-house, ARTlculate and sI￿rt Breaks. Throu8h the Short Breaks platforni, Community Focus offers weekend and holiday arts projects. social activities and day trips in the communityto children from IL>18years of age who have physical and sensory impairments. Short Breaks alms to enrich the lives of these chlldren and provlde respite for the children's parents andlor guardians through daytrips and outin85, projects and holiday workshops. Community Focus ensures that all essential processes are in place to safely deliver projects in Ilne wlth the local authority's requirements. This year. 14 activities were provided fvnded by LBB. John Lyon's Charitsble Trust. Souter Trust and Arts counol. Helping an annual number of 19 Indlvldual students and provlded 125 partlclpant places. ARTlculate provides workshops for 1&25 year olds wlth '￿1 additional needs and associated mental health issues, indudin8 those with severe educational needs and who re not In education. employment or trainlng INEETI. Many of our ARficulate students have progressed from our Short 8reaks programme and local educational providers. As they move into and through early adulthood ARficulate helps them to develop their confidence within a friendly. safe and therapeutic environment. ARficulate helped an annual number of 60 individual students and provided over 3￿ particlpant pLices develop work skills. The In-house programme delivers to students a varied range of creative classes on a twelve week termly basis. The pTogramme helps its students to learn or progress Sn a Skill wlthln a safe. happy and io CF communityfocus THE ALL I￿SIVE ATrTS CENTh inclusive environment. Students can choose either face to face or onllne classes. The classes are predominantly, although not exdusNely, for adU￿S with learnin8 disabilities and/or addTtional need5 as they also encompass older adults in local care and nursing homes. The online platform wa5 developed a5 a dlrect response to the Covid-19 pandemic to keep isolated students and care home resldents safely engaged. It has continued beyond the pandemic, offerlng these students a way of engaging with the CF community, which is especially Important for those who experlence anxiety In soclal settings or struggle travellin8 acr05S the borough. In-house assisted an annual number of 90 individuals and 434 participant places, whi15t Arts@Home supported 54 individuals and 232 participant places. Publlc benefft and Impart We use therapeutic arts activities as a constant learning tool to help cllents pro8re55ively achieve Posltive changes through regular feedback which further helps develop and 8uide our dirertlon for future activities. Most of our beneficiarles have multiple impairments, induding aduks with learnlng I disabilltles, physical and sensory15sue5 and mentsl health problems. Our projects take place both Indoor5 and outdoor5 at Friary House and clients respond posltfvely to the safe and comfortable atmosphere In the grounds of the plcturesque Frlary Park whlch greatty beneflts thelr mental health. plus personal and collectSve wellbelng. The way forward CF has learned to malntaln a flexlble approach when deallng wlth uncertalnty, so that the charity can qulckty moblllse Itself to change as and when required. Survival 15 Still our kev prlorlty because the long lasting effects of COVID-19 that have stretched our resources and modified our ways of working. Response times on larger funding applications frequent￿ take many rnonths as ernergency fundin8 has dirninished so a varied mix of grant bids, donatlons and a modest Increase In fees should as&st in maintainin8 oui financial balan￿ and outpu li CF communityfocus THE ALL INCLU&VE ARTS CENn We 8reatly appreciate the varied forms of income our chartty recelves that helps continue our Services and aid the many vulnerable beneflclarles that require our ongoing supwrt. Grants received from Trusts and Foundatlon play a key role in this process to continue helping others. LONDON BOROUGH CHARITABLE TRusr The London Community Foundation LIA11(",I-I E%-I"EIL F(IUNI )ATIL)N ThavLle to OLL of fa VLtastLC £IAPPOYters I CITY BRIDGE TRUST JOHN LYON'S CHARITY i-rici-11 Bdl-ii.-I Educational Triiot **communityfocus** THE ALL INCLUSIVE ARTS CENTRE ## **Achievements and performance** ## **Financial review** ## **Financial performance** **The financial circumstances during the current period continue to show improvement despite a series of challenges. Our financial performance indicates a net surplus of £13,805 (2022: £14,098}, for the fourth consecutive year which has been exceptional considering the difficult trading conditions faced by all in recent times. We continue to be indebted to the support of all the donors and contributors who have helped sustain Community Focus.** **We aim to build on the strength of current programmes and value generation for our stakeholders and continue to explore corporate sustainability to align with various CF activities going forward.** **The balance sheet at the year-end shows net assets of £129,140 (2022: £115,336). The charity is working hard to secure additional funding to further the charitable activities whilst maintaining reserves in accordance with our constitution.** **As part of self-sustainability initiatives, revenue streams transitioned, and costs efficiencies were optimised to build a platform for our long-term strategy to provide quality services to our students. Our application to Arts Council Cultural Recovery Fund in 2020 proved to be a major turnaround for the charity, as this success allowed us to strengthen our finances whilst giving us the opportunity to leverage additional prospects for fund raising and scalability of operations.** ## **Reserves policy** **It is the policy of the charity to maintain total reserves equivalent to three months of working capital. It is considered that this is sufficient to provide a safety net in the event of unanticipated expenditure. The reserves policy was not complied during the year, trustees undertook several initiatives to ensure compliance consistency and alignment with strategic plan for CF described in the financial review section.** **The charity has net assets of £129,140 (2022: £115,336). This was driven largely from the funding obtained during the year which not only sustained operations but allowed CF to maintain its reserves. The charity is continuing to work on number of initiatives including leveraging from current fund sources and expanding base with innovative programs along with building our network to explore growth options to assist corporate world in meeting their Corporate Sustainability ambitions. The charity is also working on cost efficiency initiatives.** _**13**_ **communityfocus** THE ALL INCLUSIVE ARTS CENffiE • **LBB are supportive of the Charity and will work with the Charity to ensure that this does not have an adverse effect on the Charity's ability to operate. The reduction of rent and our strategic initiatives will reduce our net liabilities post year-end and we are aiming to ensure a continued net current asset position in 2023/2024. The Trustees, therefore, consider that the going concern assumption is an appropriate basis on which to prepare these financial statements.** ## **Future plans** **Our future plans are focussed on two key elements:** **1. Increasing unrestricted income** **2. Replicating successful programmes** **Unrestricted income is critical to the future success and sustainability of Community Focus. Reliance on grant-based income is not compatible with the cuts that may lie ahead in the public sector.** **We have become increasingly self-sustainable by proactively securing project-based funding which has helped ensure future delivery. We endeavour to keep our core (in house) costs as low as possible but plan to increase costs in the near future to ensure they are still affordable and in line with our competitors' cost plans.** **With regards to replicating our service, we are also considering providing a full day offer of our services. This would help ensure that our clients can arrive at CF in the morning, safe in the knowledge that a creative and action-packed day will await them; capitalising on what we do best at CF -** _**nurture and create.**_ **ARTiculate programme is well respected in other London Boroughs, and we are in discussion with community leaders regarding the viability of extending the model outside of Barnet. This would give CF a broader geographical footprint, opening new partnerships and horizons.** > _"Community Focus has helped me reengage in a creative outlet through acrylic and watercolour painting, this has aided my mental health with a more positive outlook." - Vahid, an In-house student._ Cor,r,urnty Focus Inclusive Arts Arnual Report for tre year e 1dPd 31 l\/la "Ch 202• _**14**_ CF communityfocus THE ALL INCLUSIVE AfiTS CENTRE Statement of Trustees responslbllltles Independent examlnatlon of accounts The Board decided to take exemption from the statutory audit as the finances of the charity re below requlred regulatory threshold. The charity obtained an independent examinerf5 report pursuant to the statutory compliance for the annual report and the financial Statements. Trustee< responslbllltles In relatlon to the fln•Kl¥l ststements The trustees (who are also dlrectors of Community Focus Inclusive Arts for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the flnanclal statements in accordance with applicable law and United Klngdom Accountln8 Standard5 (United Kingdom Generally Accepted Accounting Practice) includin8 FRS 102 "The FSnanclal Reportin8 Standard applicable in the UK and Republic of Iieland" Company law requlres the trnstees to prepare flnanclal statements for each financlal year. which give a true and falr vlew of the state of affairs of the charitable company and of the Incoming resources appllcation of resources. indudin8 the income and expenditure, of the charltable company for that perlod. In preparin8 these financlal statements, the trustee5 are requlred to: select suitable accountln8 pollcles and then apply them conslstently", observe the methods and principle5 in the Charities SORP; make judgments and e5timate5 that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed; and prepare the financlal statements on the going concern basis unless It Is Inappropriate to presume that the charitsble company wlll contlnue In buslness. The trustees are responslble for keeplng adequate accountin8 records that dlsclose wlth reasonable accuracy at any tlme the flnandal positlon of the charitable company and enable them to ensure that the flnanclal statements complywith the Companies Act 2006. They are also responslble for safeguarding the assets of the charitable company and hence for takln8 reasonable steps for the prevention and detection of fraud and other irregularltles. In so far as the trustees are aware- there 15 no relevant audit Informatlon of whlch the charitable cornpany's independent examlner Is unaware; and the trustees have tsken all step5 that they ought to have taken to make themselve5 aware of any relevant examination of accounts inforniation and to estsblish that the independent account Is aware of that information. CF communityfocus IHE ALL INCLUSIVE Af2TS CE￿ The trustees are responslble forthe malntenance and integrity of the corporate and finanaal Information included on the charitable company's website. Legislation in the United Kingdom governlng the preparation and d1￿MinatIon of financlal statements may dlffer from le8lslatlon In other lurisdictions. By order of the Board of Trustees 5teph•n Y•0 On 8ehalf of the Board of Trustees 13 December 2023 "ro use your bear voice- strong voKe allowing you to speok cleorly through dromo. new words, leornt ond be more conANdent tolking ond doing dromo, being those chorocters, leornt more Gbout Kondinsty ond ort.- An ARficulate Siudent in 'Everythlng Storts with o Dof workshop5 91 Oaklodge School 16 CF communityfocus THE ALL INCLUSIVE M2TS CENTr Independent examinerfs report to the Trustees of Communlty Focus Incluslve Arts for the year ended 31 March 2023 I rep)rt on the ofthe CF for the year end&J 31 Man* ￿23. Wh￿h are on page# 19 to 29. R•sp•ctl¥• rmpoMlblllll￿ ol TnMt•M and •xamln•r The Tmste¢s, who Are also tho directors of Con￿unIty F(Kv5 Induskn Arts for the pUr￿Se8 of t4)m￿nY lth, are S￿SIble for the preparatK)n of Ihe aCr￿unIs. The Tru$tees 0)nsider thal an audit 1$ not r&4uired for Ihls yoar und•r n 144121 ol t￿ Chgrlde$ kt 2011 (the 2011 Act) and that an Indepervjent exarylnakn18 needed. Having Satisfied mysolf that the chwlty 18 not $ubJ•cl lo ￿111 und•r c¢mpgny l• 81￿1b19 ts Indgpend8nt 0>0min￿bn, 11 1$ rrry reSpOn￿lty to". 01 •xamin• thfj ￿COun1$ ￿der 8•CtKffl 145 ofthfr 2011 Act.. Iir) lo I￿k>W the procedures In the 9¢￿Tal gWI ty lh• Charty CorTYnkJ8knn ￿dar 8•Ctlon 145lSllb} of Iho 2011 kt., and 11111 10 8lat• ¥A￿lhOT pa￿Ular matter5 have ojmfr *> my <•nUon. B••l• of Ind•p•nd•nl •x•mln•e• i•wt My ex¥minati￿ was cani8d OLrt In accordaKe *Ath the 98neral Dwedions gi¥en by the Charity Commi88ion. An •xamlnatk)n Indvd88 8 revlew ofthe accountiTrJ records kepl by th8 charity and a comparfson oflhe aceounts prestnted wlth those reCO￿S. 11 alBO Includes consKJeralicffi of any unusual items or dijdoiuw in the accounts, and seekSng èxplanatlon$ from ￿ 48 tnMlee• c¢n¢wnlng nwtt*r8. Th* ￿Ur•S und•rtak•n do not txovlJ• all th• Idence that would ￿ ffjqux¢¢I in an 8tyJrt and ￿￿U8ftty no oplnk)n 1$ tyv¥n 98 to ￿eth￿r thg Accounts pre88nt g '￿¥ and falr ¥W th• rn￿rt ￿ 1kn￿ to th08• m#tt•rn #èt out kn Ihe nèxt 8tatwr*rt. Ind•p•nd•rf •x•mln•f• itst•m•nt In connec1m￿ Wblh my oxananalbon. no Lther matter •x¢•pt Ihat rBforMd to li th• pm1￿$ paragraph ha8 comè to my •itention.' (al IN1￿Ch m& rn•wnabkn lo belbow Ih•t in any Ird•￿1 rnsp•ct th& roqulr•m8nt•.' 111 to keep accounting recwls ￿ accoTdanc* 3e6 of the compan￿ Act 2006., and 111) to prepare accounts whlc* accord the a￿￿￿lIng recorts. crynply wlh th• Y￿)UntIng r•quknment8 013￿ olthe Compan￿5 Aa 2C￿ and y￿b the method8 and ofth• Stalemeni of Recommended Pradce. Accounllng R•wJn9 ty Chorilws.. ha￿ not t•8n Tht or Ibl to wthkh, In oplnlon. ottenion 8hJukl be kn orderto enable a proper understandlng ofthe attounls to be r•och•d. Anll Seechurn IFCCA, ACA, CTA} Pmts end SeeU8 Chartwed Certifflod Acc￿ntants and Reglsterod A￿1110 17 CF communityfocus THE ALL INCLUSIVE ARTS CENTrE studlo 8 6 Homsey st￿ London N78GR Dgted:13 December 2023 18 CF communityfocus THE ALL INCLUSIVE Al￿s CENTr& Statement of Financial Activities for the year ended 31 March 2023 Unrestrkted funds ReM•l¢ted Total Funds Total Funds Note 2023 2022 Income Donations & other in¢(Mne Generated funds Charitable ac¢ivities Total Income 6A57 1,500 130.982 139,339 6B57 179.991 130,982 317,830 2,484 155.126 95,218 252,828 178A91 178,491 Expertdlture on thwltwble actlvlths Empendlture on ra151ng fvnds Expenditure on charitable activitie5 Total expendl¢ure 34.517 13.825 48,342 37,697 154.711 189,228 Ifh).972 114,797 255.683 304,025 201,034 238,731 Nei InMm*/l•xp•dllW•) for Iha y•ar I49￿9> 63,694 13I05 14.097 Reconclll•tlon ol fvnds Total funds brou8ht forward 13.14 Net movement In fvnds for thè vear T￿41 fvnds carflod forward 53260 62J)75 115.335 101.238 49￿89 3J71 63,694 125.769 13,805 129,140 14,097 115335 The statement of finanoal attivttles Indudes all galns and losses recognlzed In the year. All Income and expend[tU￿ derlye from continuing artivities 19 CF communityfocus TrIE ALL INCLUSIVE ARTS CENTRE Balance Sheet as at 31 March 2023 2023 Tanbrible a55ets Total Flxed Assets 20.575 20.575 7.750 7.750 Oebtors Cash and cash equTrnlents Totsl Currenl Assets 121,858 117.3E 239.218 68,674 107,780 176,454 CuThent Uablmues CredltQTS Totsl Current Lfr•bllltles io 11128331 Ill2￿33) 151,0471 151,0471 Non4un•nt Ll•blllll•s Loan Totsl Nonndltlons that may cast doubt on the ablllty of the charlty to Con￿nUe as a going concern. The trusiees have made the a55e5sment for a perlod of at least one year from the date of approval of the financlal siatements. In particular, Trustees have considered the Charity's forecasts and projectlons and have taken account of the voladllty of charita￿e Income and activity In line of COVID-19 outbreak. After due conslderatlon, the trustees have conduded that there Is a reasonable expectstlon that the char6ty has adequate reserves to contlnue In operatlonal exlstence for the foreseeable future. The charlty therefore continues to adopt the 80in8 concern basis In preparlng Its fin8ndal statements. b. Incfjm• Income from charltable attlvltle5 represents the amounts lexdudlng value added tax) 8enerated from coutses and corporate events. Other Income includes faculty events and grants. Income Is reco8nised when the Charity has entitlement to the funds, 3ny performance conditions attached to the Itemlsl of Income have been met. ￿ Is probable that the Income wlll be recelved, and the amount can be measured rellably Ihterest feeel¥•ble Interest on funds held on deposit is induded when reCeiVa￿e and the amount can be measured rellably by the Charlty; thks Ss normally upon notfficatlon of the interest pald or payable by the bank. d. Expendltyre Expendlture Is reCo￿lSed once there 15 a kgal or construttrve oblWion to make a payment to a third party, it 15 probable that se￿ernent will be required, and the amount of the 21 CF communityfocus THE ALL INCLUSVE ARTS CENtRE obllgatlon can be measured reliably. Expenditure is da%ified under the folbwing activty headlngs: Expenditure on raIsI￿ funds Includes the iosts Incurred in Beneratiri8 fundraising Incorne; and Expen(Jiture on charf(able activities indudes: dirert cost5 of delivering servKes asstKlated whh supplyof our ser¥ices tg partn*rs 5UPPOrt costs a￿ those fL*nrtlons that assist the work of thé tharity but do n dlreuty undertake tharitable activities. Support tosts Include back-office costs, flnance, personnel, payroll jnd 8ovemancè tosts wh￿h Supp￿ the Trusts artistlc pro8rammes and activities. Thes¢costs have been allocated between cost of ra151ng fijnds and expenditure w ch4ritablt attl￿t$. 0St of generatin8 funds, ￿ those Incurred In seojrlng new PfcqrJm fundl go¥ernJ￿ t¢)￿$ Intuffed toco¥ef all a55oclJted cunplljnce e. Fund •ccountl The charlty holds unremdcted and restdrted funds. The unrestricted funds comprLse accurnulated surpluses and deficlts on general funds. They are avablable for use at the dlscretlon of the Trustees In furtherance of the general charitable oblertlves. The restrlrted funds are fund5 that are to be used in accordance wlth spedflc restrlrtlons Imposed by ihe donors or whlth have been ra5sÈd by the charlty for spedfic purpose. The cost of raisin8 and admlnlsterlng such fund5 is charged against the specific fund. f. ran￿ble f5x•d ass•ts and dewed•tlon Tangible fixed assets are stated at hlstorlcal cost, net of depredltlon and •ny provSslon for Impalrrnent. Depreciation Is prowded at the annual r*e to wrbte off each asset pver Its expected useful life wlth stral8ht41ne method at 25%. Cash at bank and cash Sn hand includes any short-term hlghly Ilquld investment whh a short maturity of three months or le$5 from the date of acquisition or openlng of the deposlt or slmllar account. h. Flnancl•l Instrumtnts The charlty only has flnancial assets and finanoal liabllbtles of a klnd that quallfy as b85 tlnandal instruments. Basic tinanclal instruments are Initially reco8nlzed at transattion value and 5ub5equently measured at thelr settlement value. l. ie•5es The charity classifies the lease of prlntlng as operating leases: the title to the equlpment remains with the lessor and the equipment is replaced every 3 year5 whi15t the e¢onomTr¢ life of such equbpment Is normally S years. Rental tharge5 are charged on a straight-line bas15 over the term of the lease. . pe￿10n10¢￿efft to employees 22 CF communityfocus THE ALL INCW&VE ARTS CEN￿ The charty operates a defined contribution scheme. which dedurt agreed deductions from monthly payroll. k. D¢btor5 Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Credhors and provlslons Credltors and provlslons are recognlsed where the Charlty has a present obligation re5ultlng from a pasi event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estimated reliably. Creditor5 and provisions are nomialty recognised at thelr settlement amount after allowing for any trade d15counts due. 2. Leial ststus of the 7.750 13J)75 20,575 7,750 9. D•btors 202J 2022 Tradedebtors Prepayments 119,431 2.427 121AS8 66,443 2.231 68,674 10. Cash and cash •q￿¥•I•nts 2021 1022 Current account Ileserve xcount Cash Total 81.172 35549 639 117,360 71.739 34,500 640 106,879 11. Credlto Trade crditors Other credltors and accrua15 Total 14.026 98,807 112,833 4,323 46,725 51P48 Other credltors and accruals include ￿ provision for5er¥ice tharge and rent arrears on premises. 26 CF communityfocus THE ALL I￿LUsIvE ARTS CENTrE 12. Loan 2023 2022 10.0 7.820 I7￿20 io,oTh) 7,820 17.820 A loan facility was provided on an Interest-free basis repayable in 36 months. Repayment Is antlclpated by September 2024. . Mty4•m•nt ol unr•strlrt•d lunds 2023 As It l Aprll 2022 Income donatlons and other income Inote 31 IrKome from 8enwatln8 lun¢ts Inote 31 IrKome from charttable Inrte 41 53,260 6,857 1,SthJ 130.982 192,599 189,228 3,371 Expendlture on mina8emurt ￿ adrnlnlstratSon ([￿te 51 As at 31 March 2023 27 CF communityfocus THE ALL INCLUSIVE ATrTS CENTr 14. M