NICOLA (New International Company of Live Arts) NICOLA Annual Review: 1st April 2020 to 31[st] March 2021 (New International Company of Live Arts) ## ANNUAL REVIEW NICOLA (New International Company of Live Arts) Vanston Community Centre Samuel Lewis Trust SW6 1BU 2020-2021 Telephone: 020 7386 7179 Mobile: 079 7648 3977 E-mail: contact@nicolaarts.org A Company limited by guarantee, number 7871152 A registered Charity, number 1148529 www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 ## **Board of Management** Michela Ferrara Chair Kevin Sylvester Treasurer Benijah Howell ## **Staff** All the staffs at NICOLA are volunteers and interns. Based on projects have free-lances. Volunteer Creative Director: Michela Ferrara Volunteer Music Mentor: Kevin Sylvester Roxana Roksana Elzbiera Adamczyk ## **Mission Statement** **NICOLA** (New International Company of Live Arts) is a youth lead char which promote positive interaction within and between youth communit through creative opportunities and projects, particularly in areas of high cri and low provision of extracurricular and arts activities. ## **Bank:** Metro Bank 247-249 Cromwell Road SW5 9GA London ## **Our Vision** To be recognised as a place of support and opportunity for young arti nationwide. ## **Our Mission** NICOLA offers free arts training and support for inner-city youths to promo confidence and social inclusion, to popularise the arts and to crea opportunities for young people who don’t always have access to professio training. www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 ## **Creative Director and Chair’s Report** I am delighted to report that the year 2020-2021, despite Brexit and COVID, was a year of solid performance at NICOLA through online sessions. Our main activity has continued to be training and development of young people (mainly online) in music, dance, arts and arts job skills, concentrating mainly in helping them to prepare plans for the after COVID, by online mentoring and leadership sessions learning skills in planning, running and create Solo Trader or Company business, media communication and brand promotion; this allowed them to keep busy during the lockdown while using that time to reflect and create their future plans. The quality of our services has remained high; helping young people to improve their lives, providing a supportive environment to allow them to develop their personalities, their talents, preparing and helping them to build their self confidence, to find suitable education and/or employment both in the artistic field and outside or to run their own business or Social Enterprise. Keeping their mind busy, on positive initiatives, has also helped them not to fully suffer the COVID restriction's crisis followed by mental health problems. The support from the European Commission through the British Council and Ecorys has run through this year assuring us projects till the end of 2021. Our relationship with Housing Associations, local Youth Clubs, Youth Hostels, The K&C Foundation, Chelsea Football Club Foundation and Volunteering Centres has increased as we supported each other through online interaction in those hard times. In addition we have also receive private donors funding supports and were offered a free POP UP shop by Hatton Garden Proprieties Ltd in November 2020, the local support was amazing, we received a great deal of donations, which enable us to set the shop in less than a week, creating an artist innovative shop where artisans can sell their creation while recycling and up-cycling is highly promoted. We believe that this can be NICOLA future way to generate income to support our youth. https://www.facebook.com/marco.colombo.london/videos/10165179159390305 At NICOLA centre we also have a fully equipped recording studio for the young people personal and professional growing/development, which was not use the entire year. Our weekly car-boot selling was stopped due to COVID. As always we put particular effort into working with young people w socio/economic obstacles who cannot afford professional training. We enga and facilitate learning in a non-formal way and prepare young people for after their interaction with NICOLA. In order to achieve this, we make sure work closely with our local community, youth clubs, Housing Associations a like-minded Organisations. All our work was done online as much as we cou NICOLA engages young people aged between 13 to 25 and up to 30 years through the Erasmus+ projects. Due to the fact that our young people p and deliver the projects, it enable them to be in charge of those projects, g the chance to many of them to progress further education or employme becoming mentors to other young people and/or start their own freelan work or Company. We are very grateful to our young interns and volunteers for their dedicat and commitment to NICOLA and are very happy that many of them gain paid jobs as result of practice and growing in confidence while at the Char Our strong relationship with Universities in London and Europe has enabled to accommodate just graduated students giving them the chance to explo the professional work through a friendly environment. We still keep a creat connection between disadvantage youths from London and Leeds, with t endorsement of celebrity dancer "Sadie Flower". We have planned f projects with the young people and we hope to receive financial support ve soon. Our young people continue to plan and apply for funding and always look ways to improve and develop positive initiatives. They are meetings on regular basis. Our work would not have been possible without t professionalism and dedication of our volunteers and free-lances. Good working relationships and practices have been developed with t British Youth Council, Ecorys, Schools, Youth Clubs, Arts groups a Municipalities all around Europe. NICOLA through the Erasmus+ projects h also developed strong relation with likeminded Youth Organisations a Institutions around the globe. www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 In November 2020 we accommodate a Turkish young person, in London, through the Young Entrepreneur program; we also had more than 20 selffunded interns. Our members were 100% involved in the planning of the projects. NICOLA is still very young, but we are looking at ways to improve our financial and structural methods and look at ways to grow bigger and better and serve further young people. Special thanks will go to our Trustees who are investing their time to assure that NICOLA reaches the best practise possible. ## **Michela Ferrara (NICOLA Creative Director)** ## **Projects** ## **Many approved projects were in stand-by due to COVID restriction** **Project:** “Marketing Strategy and Planning” **When:** Wed and Thu 14:30 - 16:00 (1o weeks from 1[st] April 2020) **Where:** Online ## **Funded by:** Erasmus+ ## **Description:** This Marketing Strategies and Planning online training course concentrates the simple, yet undeniable fact that excellent Marketing has never been mo important than it is today. In a world of a million "me-toos", countless prod comparison websites and the ubiquity of Social Media, your customers a facing a curious paradox: They have never been so comprehensively informed, yet They have never been more confused Customers are beyond distracted, and attention-spans are at an all-time lo Companies are striving for relevance, and differentiation has never been mo challenging to achieve. Addressing and correcting these key issues is t purpose of this training course. This training course will highlight: - How to build clear, compelling value and communicate it to the rig audience, at the right time in the right medium. www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 - How to analyse and segment the market and then craft compelling value propositions that get attention and bring in revenues. - How to gain a deep insight into consumer behaviour and learn how to market to it. - How to establish metrics for the measurement of marketing programme effectiveness. - How to oversee the company marketing function to identify new customers for products and services. - How to establish short and long-range marketing plans, objectives, and operating procedures. - How to explore new ways to identify and engage new customers using social media platforms. ## What does this course cover - Customise in the form of embellishment with beads, sequins, la trims, buttons, embroidery etc. Add a frill or a ruffle, shorten sleev change a neckline, change the buttons, apply new trims or try out a other ideas you bring along to this new and inspirational course both men and women. This course focuses on basic sewing techniqu (machine or hand). - Design and apply fashion flair to adapt your own garments. - Measure and make simple alterations to the garments that you br in. - Customise up to 3 pieces of clothing. - Demonstrate hand and machine sewing skills - Evaluate your own work and that of others in the group ## **Project:** “Transform your old clothes in FASHIONABLE items” **When:** Tue and Fri 15:00 - 18:30 (April - Sept 2020) ## **Where:** Online ## **Funded by:** Erasmus+ ## **Description:** This course is the perfect opportunity to learn how to up cycle and alter clothes. Students will learn how to adapt and customise clothes and pick up useful tips and tricks to creatively recycle old clothes. Suitable for students who have some experience in using a sewing machine or hand sewing. ## **Project:** How to use garbage as an artistic vehicle **When:** Tue and Fri 13:00 - 14:30 (April - Sept 2020) ## **Where:** Online ## **Funded by:** Erasmus+ ## **Description:** Breathe new life into your old furniture by building your up cycling ski Learn how to revamp wooden furniture from cabinet doors, bookcas chairs, desks, side tables and many more. Beginner up cycling worksho www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 don’t stop at renovating furniture! Engage your creativity, become enlightened to new materials and cherish your belongings with up cycling workshops. To up cycle is to reuse before recycling!!! So, create your own business plan, develop a solid grounding in key eleme such as: business theory, management, economics, entrepreneursh marketing, accounting and business law and get a boost in your career joining this course. ## **Learning Outcomes:** ## **Step 1.** Reduce: Simply acquire less. Don’t buy what you don’t really need. ## **Step 2.** Reuse: Give new life to an unneeded object. ## **Step 3.** Recycle: Professionals convert paper, glassware, plastics or cardboard into new materials. - Research and analyse the individual components needed for a busine plan - Apply skills to create a business plan for different audiences, includ investors, banks, and other stakeholders - Explain the purpose and future of your business in easy to understa terms - Use accounting terms to describe the future for their business - Describe their marketing, sales, and planning strategies **Project:** “chARTy Shop” **When:** ONGOING (from November) **Where:** 89 Fleet Street **Funded by:** Hatton Garden Proprieties Ltd **Description:** chARTy is a charity shop with a difference. Offering unique designs, up cyc clothing and painted clothing by a number of artists. We will also sell a paintings, photos, arts and crafts to help talented artists make a living. Y can come with your own clothing or accessories to be customised or you c buy ready made designs from the shop. **Project:** “Business Plan and Business Management” **When:** Sept 2020 to January 2021 The charity shop aim is to combat the surplus stock sent to countries l Africa, having a negative impact on their textile industry. **Where:** Online ## **Funded by:** Erasmus+ **Description:** This Business Plan Online Course is designed for business owners and entrepreneurs who are ready to create a business plan. All the essentials steps are covered, including drafting the original document, identifying the audience, gathering information, researching, describing product plans, and marketing, sales, and accounting terms. The funding provided by the charity shop will help fund arts projects w disadvantaged young people in the UK. Future Aims of the charity shop is also provide funding to set up social enterprises in Africa to help supp clothing designers in Africa. We will also have a lovely coffee area, so come in, have a coffee and browse of our collections. www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 **TALENT FACTORY ARTS HUB IS VERY ACTIVE. WE PRODUCE MUSIC AND MUSIC VIDEOS WEEKLY. WE ALSO DELIVER WORKSHOPS IN SCHOOLS, YOUTH CLUBS AND COMMUNITY CENTRES. (stand-by due to COVID restrictions)** **https://soundcloud.com/nicolaarts** **https://www.youtube.com/user/NICOLAArtsOfficial** **NICOLA IS REGISTERED EVS (EUROPEAN VOLUNTEER SERVICE) THEREFORE WE CAN HOST YOUNG PEOPLE FROM EUROPE FOR WORK EXPERIENCE FROM TWO MONTHS TO ONE YEAR. (Stopped in January 2021 due to Brexit)** **MANY ERASMUS+ PROJECTS IN STAND-BY DUE TO COVID AND IT WILL END DUE TO BREXIT** **Our work methodology is participatory and interactive. Teamwork is encouraged, learning and acquiring skills happens through the implementation and exchange of ideas.** **Young people are encouraged to think of ways to bring different culture and style together creating a more unified community, while acquiring skills that can enhance their job opportunity. Moving away from formal learning methods, we discuss various role models and explore a vast selection of working methods.** **The informal nature of the activities, the different methodologies used, the need to constantly analyze new information help young people to assimilate knowledge in a fun way, developing skills, understand what/how they learned and how to apply those skills to the everyday life and work environment. Meeting and working with people in the same age category, but from different backgrounds is exciting and a challenging while helps them to learn from each other opinions.** ## **Background** NICOLA started in 2008 as an Unincorporated Organisation by a group young people and arts professionals. NICOLA was registered with the Charity Commission on 13[th] August 2012. It is established as a company limited by guarantee. We are grateful to Southern Housing Group in Fulham for provision of in-k Vanston Community Centre where we can deliver dance and mu workshops, international Exchanges and project’s administration. ## **Objectives and activities** The objectives of the charity are to promote positive interaction within and between youth communities through creative opportunities and projects, particularly in areas of high crime and low provision of extracurricular. - We provide music, dance, media and mentoring sessions; • We deliver Youth Exchanges, Youth Initiatives, Study visits and EVS throu the Erasmus+ program; • We are EVS (European Volunteer Service) hosting registered and will soon be able also to send abroad young people that want to train through a European recognised Organisation; - We implement and develop a full key working and action planning service to our members by training our volunteers and interns; ## **NICOLA (New International Company of Live Arts)** www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 ## **Achievements and performance in 2020 – 2021** Key achievements in the year: - We created and or strengthened working relationship with Youth Clubs, Schools, Housing Associations, Universities, Youth or Arts Organisations, Chelsea Theatre, Chelsea Football Club Foundation, Kensington and Chelsea Foundation and Municipalities creating regular meeting to review methods of work and structures; - We kept in touch (online) with all the participants and partners of the many Erasmus+ Program projects in stand-by, due to COVID. - We provided an effective online key working programme and a lively programme of activities for our members; - We helped one young person to open her own music/arts business; - 30% of our interns get a job through the experiences and references gained by working with the Charity; - We strengthened our relationship with the British Council, Ecorys and secured funding to provide training, mentoring and the opportunity for young people to deliver their own projects; - We have created strong links with like minded Organisations around Europe opening to our young members further opportunities for work and experiences; - Many young people have gain paid work through engaging with us; • Our young people are fully involved within our projects from the application to the evaluation stage; https://www.youtube.com/watch?v=czUm79JPrMU https://www.youtube.com/watch?v=K-nOjDQ07q4 www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 **For more info, music, videos, photos and updates check our web a our social networks:** **Please Like Us on Facebook! Subscribe to our Youtube! Listen to our music on Soundcloud!** **WEBSITE! https://www.nicolaarts.org/** www.nicolaarts.org / contact@nicolaarts.org / 020 7386 88 65 Vanston Community Centre, Samuel Lewis Trust London SW6 1BU Registered Charity Number 1148529 **Company Registered Number: 07871152 Charity number: 1148529** **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** |**CONTENTS**|| |---|---| ||Page| |Reference and Administrative Details of the Charity,Its Trustees and Advisors|1| |Trustees' Report|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance sheet|5| |Notes to the Accounts|6| ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS** ## **(A Company Limited by Guarantee)** **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31MARCH 2021** Trustees Ms Michela Ferrara Mr Roxana Adamczyk Mr Kevin Sylvester Mr Benjamin Howell Company registered number 07871152 Charity registered number 1148529 Registered office Community Centre Vanston Place Samuel Lewis Trust Estate London SW6 1BU Bankers Metro Bank One Southampton Row London WC1B 5HA Accountants Tom Bora Management Accountants Ltd Chartered Management Accountants 111 Watling Gate 297-303 Edgware Road London NW9 6NB Page 1 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS** ## **(A Company Limited by Guarantee)** ## **TRUSTEES'S REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** The Trustees and Management committee present their report together with the accounts of the charity for the year ended 31 March 2021 ## **PRINCIPAL ACTIIVITY** To advance education for the benefit of young people in particular in the performing and visual Arts, to promote social inclusion for the public benefit among young people by providing activities that help prevent them from becoming socially excluded and encourage them to participate in the wider community, to help young people especially but not exclusively through leisure and art activities, so as to develop their capabilities that they may grow to full maturity as individulas and members of society and become role models and ambassadors for their peer groups. ## **MANAGEMENT COMMITTEE** The management committee members of the charity in office during the year were as follows: Trustee Roxana R E Adamczyk Chair Michela Ferrara Trustee Kevin Sylvester Trustee Benijah M Howell ## **STATEMENT OF TRUSTEES AND MANAGEMENT COMMITTEE'S RESPONSIBILITIES** The Charities Act 1993 requires the trustees to prepare a statement of accounts for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the resources of the charity for the period. In preparing thes accounts, the trustees are expected to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practise have been followed, subject to any material departures disclosed and explained in the statement of accounts; and prepare the accounts on the going concern basis unless it is The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the regulation under S42 of the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of error, ## ON BEHALF OF TRUSTEES AND MANAGEMENT COMMITTEE: …................................................................ …............................CHAIR ….............. Michela Ferrera Position Date Page 2 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** ## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NEW INTERNATIONAL COMPANY OF LIVE ARTS** We report on the accounts of **New International Company of Live Arts** for the year ended 31 March 2021 ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the charities Act 2011 and that an independent examination is needed. Having been satisfied that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: Examine the accounts under section 145 of the 2011 Act To follow the procedures laid down in General Direction given by the Charity commission under section 145(5)(b) of the 2011 Act and To state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and report is limted to those matters set out in the statement below. ## **Independent examiner's statement** In connection with our examination, no matter has come to our attention: (a)to keep accounting records in accordance with Section 130 of the Charities Act and (b)to prepare accounts which accord with the accounting records and comply with accounting requirements of theAct have not been met - (2)to which in our opinion, attention should be drawn in order to enable a proper Mr Tom Bora CGMA ACMA Tom Bora Management Accountants Date: 11 December 2021 Page 3 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A company Limited by Guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEATR ENDED 31 MARCH 2021** **----- Start of picture text -----**
SOFA 2021 2020
INCOME 2
Grants - - 71,193 71,193 107,951
Donations 500 - - 500 11
- -
Market/Shop sales 1,119 1,119 3,815
Other Income 4,477 - - 4,477
- - -
- - -
- - -
- - -
- - -
Total Income 6,097 - 71,193 77,290 111,777
EXPENDITURE
Charitable Activities:
- -
Workshop and Project Cost 23,307 23,307 86,050
Awards 3,829
- -
Administration Expenses 13,711 13,711 6,818
TOTAL EXPENDITURE 13,711 0 23,307 37,018 96,697
Net Movement in funds (7,614) 0 47,886 40,272 15,080
Reconcilliation of funds:
Total Funds brought forward 87,388 70,097 157,485 137,576
Net movement in funds - 7,614 - 47,886 40,272 19,909
Total funds carried forward 5 79,774 0 117,983 197,757 157,485
Notes
General Fund
Restricted Funds
Designated Funds
**----- End of picture text -----**
## **Approved:** ## **AUTHORISATION** I understand that when I advise **Mr T Bora** of **Tom Bora Management Accountants Ltd** , that I have approved this copy, he will be entitled to submit **New International company of Live Arts** 's financial returns (or amended returns) information using the regulatory online services. ## **Signed:** Ms Michela Ferrara - Chair of Trustees Dated: -------------------------- Page 4 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A company Limited by Guarantee) REGISTERED NUMBER: BALANCE SHEET AS AT 31 MARCH 2021** |**Note**
**Fixed Assets:**
Tangible Fixed Assets
**Current Assets:-**
Debtors
Bank & Cash in Hand
4
Total Current Assets
**Creditors :amounts falling due within one year**
3
Net Current Assets
Net Assets
**FUNDS**
Unrestricted Funds
Restricted funds
**Total Funds**|**2021**
**2020**
**Total**
**Total**
£
**£**
**£**
-
-
-
-
197,757
157,484
197,757
157,484
(1,000)
(1,000)
196,757
156,484
**196,758**
**156,484**
79,774
21,093
117,983
135392
**197,757**
**156,485**| |---|---| accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. No member(s) have required the company to obtain an audit of its accounts for the year ended 31 August 2019 in accordance with section 476 of the companies Act 2006. The financial statements were approved and authorised for issue by the Trustees on ….......................and signed on their behalf by: …............................................. Ms Michela Ferrara The notes on pages 6 form part of these financial statements. Page 5 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021** ## 1 ACCOUNTING POLICIES ## 1.1 **Basis of accounting** These accounts have been prepared on the basis of historical cost in accordance with *Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005) - and with Accounting Standards; * and with the Charities Act 1993. ## 1.2 **Change in basis of accounting** These has been no change to the accounting policies(valuation rules and methods of accounting since last year. ## 1.3 **Changes to previous accounts** No changes have been made to accounts for previous years ## 1.4 **Incoming Resources** Incoming Resources represent grants, awards, donations, self-generated income due in the year ## 1.5 **Tangible Fixed Assets** There were no tangible Assets in the year 2 **Income** |3
4|Donations
Market/Shop sales/Others
GEM
TC Ukraine
Culture Reuse & Reduce
Georgia TC
Turkey
Open Your heART
TWA
Film Connection
Tunisia
Total
CREDITORS
Accrued Expenses - Independent Exam
Total
BANK
Current Account
Cash in Hand|**2021**
**_2020_**
**funds**
**income**
£
_£_
500
11
5,596
3,815.00
6,528.00
5,442.00
84,983.00
5,949.00
5,050.00
6,013
16,928
34,298
13,955
0
0
77,289
111,778
**2021**
**_2020_**
£
_£_
1,000
1,000
1,000
1,000
£
£
197,332
156,348
425
1,136
197,757
157,484| |---|---|---| Page 6 5 |GEM
TC Ukraine
Open Your heART
TWA
(Culture +) & (Reuse and Reduce) & (VITALY TC)
ACTual stART
Georgia TC
Film Connection
Tunisia
DATW
Turkey
Association|**Opening Balance**
**Income**
**Expenditure**
**Closing Balance**
3,775.53
3,775.53
-
3,229.47
3,229.47
-
7,268.65
-
6,012.56
-
1,256.09
-
1,340.49
-
16,927.53
4,249.00
11,338.04
44,202.95
1,025.00
43,177.95
35,692.90
-
2,923.22
32,769.68
7,825.00
7,825.00
-
34297.76
-
34,298
13955.35
-
13,955
8667.6
8,668
11005.6
3,203.00
7,803
105,790
71,193
26,230
150,753
51,695
6,096
10,788
47,004
**157,485**
**77,290**
**37,018**
**197,757**| |---|---| **Company Registered Number: 07871152 Charity number: 1148529** **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** |**CONTENTS**|| |---|---| ||Page| |Reference and Administrative Details of the Charity,Its Trustees and Advisors|1| |Trustees' Report|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance sheet|5| |Notes to the Accounts|6| ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS** ## **(A Company Limited by Guarantee)** **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31MARCH 2021** Trustees Ms Michela Ferrara Mr Roxana Adamczyk Mr Kevin Sylvester Mr Benjamin Howell Company registered number 07871152 Charity registered number 1148529 Registered office Community Centre Vanston Place Samuel Lewis Trust Estate London SW6 1BU Bankers Metro Bank One Southampton Row London WC1B 5HA Accountants Tom Bora Management Accountants Ltd Chartered Management Accountants 111 Watling Gate 297-303 Edgware Road London NW9 6NB Page 1 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS** ## **(A Company Limited by Guarantee)** ## **TRUSTEES'S REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** The Trustees and Management committee present their report together with the accounts of the charity for the year ended 31 March 2021 ## **PRINCIPAL ACTIIVITY** To advance education for the benefit of young people in particular in the performing and visual Arts, to promote social inclusion for the public benefit among young people by providing activities that help prevent them from becoming socially excluded and encourage them to participate in the wider community, to help young people especially but not exclusively through leisure and art activities, so as to develop their capabilities that they may grow to full maturity as individulas and members of society and become role models and ambassadors for their peer groups. ## **MANAGEMENT COMMITTEE** The management committee members of the charity in office during the year were as follows: Trustee Roxana R E Adamczyk Chair Michela Ferrara Trustee Kevin Sylvester Trustee Benijah M Howell ## **STATEMENT OF TRUSTEES AND MANAGEMENT COMMITTEE'S RESPONSIBILITIES** The Charities Act 1993 requires the trustees to prepare a statement of accounts for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the resources of the charity for the period. In preparing thes accounts, the trustees are expected to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practise have been followed, subject to any material departures disclosed and explained in the statement of accounts; and prepare the accounts on the going concern basis unless it is The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the regulation under S42 of the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of error, ## ON BEHALF OF TRUSTEES AND MANAGEMENT COMMITTEE: …................................................................ …............................CHAIR ….............. Michela Ferrera Position Date Page 2 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** ## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NEW INTERNATIONAL COMPANY OF LIVE ARTS** We report on the accounts of **New International Company of Live Arts** for the year ended 31 March 2021 ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the charities Act 2011 and that an independent examination is needed. Having been satisfied that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: Examine the accounts under section 145 of the 2011 Act To follow the procedures laid down in General Direction given by the Charity commission under section 145(5)(b) of the 2011 Act and To state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and report is limted to those matters set out in the statement below. ## **Independent examiner's statement** In connection with our examination, no matter has come to our attention: (a)to keep accounting records in accordance with Section 130 of the Charities Act and (b)to prepare accounts which accord with the accounting records and comply with accounting requirements of theAct have not been met - (2)to which in our opinion, attention should be drawn in order to enable a proper Mr Tom Bora CGMA ACMA Tom Bora Management Accountants Date: 11 December 2021 Page 3 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A company Limited by Guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEATR ENDED 31 MARCH 2021** **----- Start of picture text -----**
SOFA 2021 2020
INCOME 2
Grants - - 71,193 71,193 107,951
Donations 500 - - 500 11
- -
Market/Shop sales 1,119 1,119 3,815
Other Income 4,477 - - 4,477
- - -
- - -
- - -
- - -
- - -
Total Income 6,097 - 71,193 77,290 111,777
EXPENDITURE
Charitable Activities:
- -
Workshop and Project Cost 23,307 23,307 86,050
Awards 3,829
- -
Administration Expenses 13,711 13,711 6,818
TOTAL EXPENDITURE 13,711 0 23,307 37,018 96,697
Net Movement in funds (7,614) 0 47,886 40,272 15,080
Reconcilliation of funds:
Total Funds brought forward 87,388 70,097 157,485 137,576
Net movement in funds - 7,614 - 47,886 40,272 19,909
Total funds carried forward 5 79,774 0 117,983 197,757 157,485
Notes
General Fund
Restricted Funds
Designated Funds
**----- End of picture text -----**
## **Approved:** ## **AUTHORISATION** I understand that when I advise **Mr T Bora** of **Tom Bora Management Accountants Ltd** , that I have approved this copy, he will be entitled to submit **New International company of Live Arts** 's financial returns (or amended returns) information using the regulatory online services. ## **Signed:** Ms Michela Ferrara - Chair of Trustees Dated: -------------------------- Page 4 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A company Limited by Guarantee) REGISTERED NUMBER: BALANCE SHEET AS AT 31 MARCH 2021** |**Note**
**Fixed Assets:**
Tangible Fixed Assets
**Current Assets:-**
Debtors
Bank & Cash in Hand
4
Total Current Assets
**Creditors :amounts falling due within one year**
3
Net Current Assets
Net Assets
**FUNDS**
Unrestricted Funds
Restricted funds
**Total Funds**|**2021**
**2020**
**Total**
**Total**
£
**£**
**£**
-
-
-
-
197,757
157,484
197,757
157,484
(1,000)
(1,000)
196,757
156,484
**196,758**
**156,484**
79,774
21,093
117,983
135392
**197,757**
**156,485**| |---|---| accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. No member(s) have required the company to obtain an audit of its accounts for the year ended 31 August 2019 in accordance with section 476 of the companies Act 2006. The financial statements were approved and authorised for issue by the Trustees on ….......................and signed on their behalf by: …............................................. Ms Michela Ferrara The notes on pages 6 form part of these financial statements. Page 5 ## **NEW INTERNATIONAL COMPANY OF LIVE ARTS (A Company Limited by Guarantee)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021** ## 1 ACCOUNTING POLICIES ## 1.1 **Basis of accounting** These accounts have been prepared on the basis of historical cost in accordance with *Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005) - and with Accounting Standards; * and with the Charities Act 1993. ## 1.2 **Change in basis of accounting** These has been no change to the accounting policies(valuation rules and methods of accounting since last year. ## 1.3 **Changes to previous accounts** No changes have been made to accounts for previous years ## 1.4 **Incoming Resources** Incoming Resources represent grants, awards, donations, self-generated income due in the year ## 1.5 **Tangible Fixed Assets** There were no tangible Assets in the year 2 **Income** |3
4|Donations
Market/Shop sales/Others
GEM
TC Ukraine
Culture Reuse & Reduce
Georgia TC
Turkey
Open Your heART
TWA
Film Connection
Tunisia
Total
CREDITORS
Accrued Expenses - Independent Exam
Total
BANK
Current Account
Cash in Hand|**2021**
**_2020_**
**funds**
**income**
£
_£_
500
11
5,596
3,815.00
6,528.00
5,442.00
84,983.00
5,949.00
5,050.00
6,013
16,928
34,298
13,955
0
0
77,289
111,778
**2021**
**_2020_**
£
_£_
1,000
1,000
1,000
1,000
£
£
197,332
156,348
425
1,136
197,757
157,484| |---|---|---| Page 6 5 |GEM
TC Ukraine
Open Your heART
TWA
(Culture +) & (Reuse and Reduce) & (VITALY TC)
ACTual stART
Georgia TC
Film Connection
Tunisia
DATW
Turkey
Association|**Opening Balance**
**Income**
**Expenditure**
**Closing Balance**
3,775.53
3,775.53
-
3,229.47
3,229.47
-
7,268.65
-
6,012.56
-
1,256.09
-
1,340.49
-
16,927.53
4,249.00
11,338.04
44,202.95
1,025.00
43,177.95
35,692.90
-
2,923.22
32,769.68
7,825.00
7,825.00
-
34297.76
-
34,298
13955.35
-
13,955
8667.6
8,668
11005.6
3,203.00
7,803
105,790
71,193
26,230
150,753
51,695
6,096
10,788
47,004
**157,485**
**77,290**
**37,018**
**197,757**| |---|---|