2021-12-31-accounts

Directors ITrustees	Ed Hall	Chairman
	Charles Nancarrow	Treasurer	—Appointed	December 21
	Simon Bainbridge	Appointed	February 2021
	Victor Benady
	Mike Taylor	Appointed	February 2021
	Zak Waters	Appointed	December	2021
	Alice Gur-Arie	Retired September 2021
	Julia Cole	Retired September 2021
Chief Executive	Andrew Page
Patron	Lord Somerleyton
Bankers	Barclays Bank
	1 Churchill Place
	London
	E145HP

									Period
									1/7/19
								Year Ended	to
								31/12/21	31/12/20
						Unrestricted	Restncted	Total	Total
						funds	funds	funtls	funds
					Notes	E	E	6	E
INCOME AND	ENDOWMENTS			FROM
Donations and	legacies					47,605	94,347	141,952	178,686
EXPENDITURE	ON
Raising funds					3	6,340		8/340	18,432
Charitable activities					4
Youth Empowerment			Project			36r705	100r961	137r666	135,348
Total						45,045	100,961	146,006	153,780
NET INCOME/(EXPENDITURE)						2,560	(6,614)	(4,054)	24,906
Transfers between			funds		13	(17,777)	17,777
Net movement	in	funds				(15,217)	11,163	(4,054)	24,906
RECONCILIATION		OF FUNDS
Total funds brought			forward			96,819	21,386	118,205	93,299
TOTAL FUNDS	CARRIED FORWARD					81,602	32,549	114,151	118,205

							2021	2020
					Unrestricted	Restncted	Total	Total
					funds	funds	funds	funds
				Notes	I	6	E	6
FIXEDASSETS
Tangible assets Investments				9 10	2,604 64,250		2,604 64,2SO	706 64,250
					66,854		66,854	64,956
CURRENT ASSETS
Debtors				11	182		182	152
Cash at bank and		in hand			18,764	32,S48	51,312	55,434
					18,946	32,548	51,494	55,586
CREDITORS
Amounts falling	due within		one year	12	(4,197)		(4,197)	(2,337)
NET CURRENT	ASSETS				14,749	32,548	47,297	53,249
TOTAL ASSETSLESSCURRENT
LIABILITIES					81,603	32,548	114,151	f)8,205
NET ASSETS					81,603	32,548	114,151	118,205
FUNDS				13
Unrestncted funds Restricted funds							81,603 32,548	96,819 21,386
TOTAL FUNDS							114,151	118,205

				Penod
				1/7/1 9
			Year Ended	ro
			31/12/21	31/12/20
			8	5
Donations				346
Gift aid Grants			122,227	(1,250) 152,890
Donated sennces	and faolities		19,725	26,700
			141,952	178,686
Grants received,	included	in the above, are as follows:

Grants recei	ved,	inclu	ded in the above, are as follows:
					Period
					1/7/1 9
				Year Ended	ro
				31/12/21 E	31/12/20 I
Government furlough scheme grants Non government grants				4,227 110,000	17,329 135,561
				122,227	152,890

3.	RAISING FUNDS
	Raising donations	and legacies
					Period
					1/7/1 9
				Year Ended	ro
				31/12/21 I	31/12/20 E
	Staff costs			8,340	18,432
4.	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs	costs	Totals
			E	E	E
	Youth Empowerment	Prelect	76,730	60,916	137,666

			Period
			1/7/1 9
		Year Ended	to
		31/12/21	31/12/20
		6	E
Accountancy	fees		350
independent examination Other accountancy services Depreaation - owned assets Other operating leases		1,980 2,216 1,380 9,721	2,472 2,366 2,358 12,878

STAFF	COSTS
			Period
			1/7/1 9
		Year Ended	to
		31/12/21	31/12/20
		6	E
Wages Social Other	and salanes secunty costs pension costs	61,129 560 864	71,022 1,101 900
		62,553	73,023

The average m	onthl	y	numb	er o	f emp	loyees during the yea	r was as foll	ows:
									Pel lod
									1/7/1 9
								Year Ended	to
								31/12/21	31/12/20
CEO								1	1
Programme Empowerment				Executive				1	1
No employees	received emoluments					in excess of 660,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL							ACTIVITIES
							Unrestncted	Restricted	Total
							funds	funds I	fundsI
INCOME AND	ENDOWMENTS				FROM
Donations and	legacies						53,541	125,145	178,686
EXPENDITURE ON
Raising funds							18,432		18,432
Charitable activities
Youth Empowerment			Project				18,302	117,046	135,348
Tote I							36,734	117,046	153,780
NET INCOME							16,807	8,099	24,906
Transfers between			funds				4,995	(4,995)
Net movement	in	funds					21,802	3,104	24,906
RECONCILIATION		OF FUNDS
Total funds brought			forward				75,017	18,282	93,299
TOTAL FUNDS	CARRIED			FORWARD			96,819	21,386	118,205

g.	TANGIBLE	FIXEDASSETS	FIXEDASSETS
						Computer
						equipment
						E
	COST
	At I January Additions	2021				11,328 3,478
	At 31 December 2021					14,806
	DEPRECIATION
	At 1January 2021 Charge for year					10,622 1,580
	At 31 December 2021					12,202
	NET BOOK	VALUE
	At 31 December 2021					2,604
	At 31 December 2020					706
10.	FIXEDASSETINVESTMENTS
					2021 I	2020I
	Other				64,250	64,250
	There were	no investment	assets outside	the UK.
	Investments	(neither listed	nor unlisted)	were as follows:
					2021 E	2020 I
	Photographs				64,250	64,250

11.	DEBTORS
			2021 6	2020I
	Amounts falling	due within one year:
	Intercompany		152	152
	Amounts falling	due after more than one Year:
	Other debtors		30
	Aggregate amounts		182	152
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021 6	2020I
	Social secunty Other creditors	and other taxes	1,420 473	133
	Accrued expenses		2,304	2,204
			4,197	2,337
13.	MOVEMENT IN FUNDS

MOVEMENT		IN FUNDS
				ftet	TransFers
				movement	between	At
			At I/I/21 I	in funds I	funds I	31/12/21 I
Unrestricted		funds
Core Designated	funds		31,863 64,956	4,141 (1,580)	(21,255) 3,478	14,749 66,854
Restricted	funds		96,819	2,561	(17,777)	81,603
Westminster Folkstone Photography		Competition	5,431 15,955	(13,445) 16,593 (9,763)	8,014 9,763	32,548
			21,386	(6,615)		32,548
TOTAL FUNDS			118,205	(4,054)		114,151

Net moveme	nt in funds, included in the	above are as follows:
		incoming	Resouices	Movement
		resources	expended	in funds
Unrestricted funds		E	E	E
Core Designated	funds	47,605	(43,464) (1,580)	4,141 (1,580)
Restricted	funds	47,605	(45,044)	2,561
Westminster Folkstone Photography	Competition	37,121 53,001 4,22S	(50,566) (36,408) (13,988)	(13,445) 16,593 (9,763)
		94,347	(100,962)	(6,615)
TOTAL FUNDS		141,952	(146,006)	(4,054)

Comparativ	e	s for movement in	funds
				Net	Transfers
				movement	between	At
			At 1/7/19	in funds	funds	31/12/20
Unrestricted		funds	E	E	E	E
Core Designated	funds		75,017	19,165 (2,358)	(62,319) 67,314	31,863 64,956
Restricted	funds		75,017	16,807	4,995	96,819
Westminster Fotkstone Lambeth Southwark Photography		Competition	3,263 3,263 11,756	5,431 12,692 (1,783) (8,241)	(3,263) (9,973) 8,241	5,431 15,955
			18,282	8,099	(4,995)	21,386
TOTAL FUNDS			93,299	24,906		118,205

Comparative	net movement in funds, incl	uded in the above are as foll	ows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds		E	E	E
Core Designated	funds	53,541	(34,376) (2,358)	19,165 (2,358)
Restricted	funds	53,541	(36,734)	16,807
Westminster Folkstone Southwark Photography	Competition	73,307 22,500 9,000 20,338	(67,876) (9,808) (10,783) (28,579)	5,431 12,692 (1,783) (8,241)
		125,145	(117,046)	8,099
TOTAL FUNDS		178,686	(153,780)	24,906