## ## ## ## ## |||||| |---|---|---|---|---| |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| ## ## ## ## ## ## ##