**Charity Registration No. 1152149** ## **ARTIFICATION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022** **1 |** P a g e |**Trustees**|Timothy Owen| |---|---| ||Rachael Owhin| ||Timothy Robert Norris| ||William Bruce Harron| ||Barry Khwatenge| ||Sarah Constable| ||Janet White| |**Charity number**|1152149| |**Principal Address**|W3 Gallery| ||185 High Street| ||Acton| ||London| ||W3 9DJ| |**Independent Examiner**|Syon Associates| ||Suite 17| ||58 Marsh Wall| ||Canary Wharf| ||London| ||E14 9TP| **2 |** P a g e ## **CONTENTS** Trustees' report 4 Independent examiner's report 5 Statement of financial activities 6 Balance sheet 7 Notes to the financial statements 8 - 9 Resource Analysis – Incoming/Expended 10 Movement in Funds – Restricted 11 **3 |** P a g e ## **TRUSTEES' REPORT** FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their report and financial statements for the year ended 31 March 2021. The charity’s trustees are responsible for the preparation of the accounts and under the Charities Act 2011 Section 144(2) an independent examination is required. Though a audit is not required for these charity accounts. ## **Objectives and activities** The trust's objects are to promote the transformation of communities through Arts with the aim to strengthen diversity and health of the widespread community. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. ## **Structure, governance and management** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **The trustees who served during the year were:** Yukta Acharya Timothy Owen Edith Rita Lochli Rachael Owhin Jennifer Walker Timothy Robert Norris William Bruce Harron New trustees are appointed when needed by the existing trustees. The trustees' report was approved by the Board of Trustees. **4 |** P a g e ## **INDEPENDENT EXAMINER'S REPORT** TO THE TRUSTEES OF ARTIFICATION I report to the trustees on my examination of the financial statements of ARTification (the trust) for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland I understand that this has been done for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 Accounting records were not kept in respect of the trust as required by section 130 of the 2011 Act; or 2 The financial statements do not accord with those records; or 3 The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. Signature: SYON ASSOCIATES **5 |** P a g e ## **Statement of financial activities (including summary income and expenditure account)** |**Recommended categories by activity**
**Income (Note 1)**
**Income and endowments from:**
Donations and legacies
Other
**_Total_**
**Expenditure (Notes**
**2)**
**Expenditure on:**
Charitable activities
**_Total_**
**Net income/(expenditure) before tax for**
**the reporting period**
**_Net movement in funds_**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds**
**£**|**Total funds**
**2022**
**£**|**Prior year**
**funds**
**2021**
**£**| |---|---|---|---|---| ||35,844.17|117,433.23|153,277.40|99,271.16| ||2.51|-|2.51|15.76| ||**35,846.68**|**117,433.23**|**153,279.91**|**99,286.92**| |||||| ||54,363.76|105,345.53|159,982.29|107,023.11| ||**54,363.76**|**105,345.53**|**159,982.29**|**107,023.11**| |||||| ||-18,790.08|12,087.70|-6,702.38|-
7,736.19| |||||| ||-18,790.08|12,087.70|-6,702.38|-
7,736.19| **6 |** P a g e |||**Unrestricted**|**Restricted**|**Total this**|**Total last year**| |---|---|---|---|---|---| |||**funds**|**income**|**year**|**2021**| ||||**funds**|**2022**|| |||**£**|**£**|**£**|**£**| |**Current assets**|||||| |**Debtors**|**(Note 3)**|1,447.00|-|1,447.00|5,088.95| |**Cash at bank and in hand**||28,775.17|16,118.36|44,893.53|56,692.98| ||**_Total current assets_**|30,222.17|16,118.36|46,340.53|61,781.93| |Current Account||||22761.16|34563.12| |Saving Accounts||||22132.37|22129.86| |**Creditors:amounts falling due**||259.56|-||| |**within one year**|**(Note 4)**|||259.56|9,269.07| |**_Net current assets/(liabilities)_**||29,962.61|||| ||||16,118.36|46,080.97|52,512.86| |**_Total assets less current liabilities_**||29,962.61|||| ||||16,118.36|46,080.97|52,512.86| |**_Total net assets or liabilities_**||29,962.61|||| ||||16,118.36|46,080.97|52,512.86| **7 |** P a g e ## **Notes to the financial statements** ## **Note 1** **----- Start of picture text -----**
Restricted
Unrestricted income
Analysis of income funds funds Total funds Prior year
£ £
Donations and Donations and gifts
legacies: 12,700.62 104,508.42 117,209.04 99,271.16
General grants provided
by government/other
charities 23,143.55 12,684.81 35,828.36 -
Total
35,844.17 117,193.23 153,037.40 99,271.16
Other: Interest Income on
Savings 2.51 - 2.51 15.76
Total
2.51 - 2.51 15.76
TOTAL INCOME 35,846.68 117,193.23 153,039.91 99,286.92
Note 2 2022 2021
Total
Restricted
funds
Unrestricted Restricted Total Unrestricted income
Analysis funds funds funds funds funds
Expenditure on raising
funds: £ £
Fundraising Costs
2,920.40 455.26 3,375.66 206.48 - 206.48
Other trading activities
49,706.56 154,596.83
104,890.27 35,553.51 62,060.85 97,614.36
Legal and Professional
Costs
1,442.80 - 1,442.80 398.35 - 398.35
Rent collection, property
repairs and maintenance
charges 294.00 - 294.00 8,803.92 - 8,803.92
Total expenditure on
raising funds 54,363.76 105,345.53 159,709.29 44,962.26 62,060.85 107,023.11
TOTAL EXPENDITURE 54,363.76 105,345.53 159,709.29 44,962.26 62,060.85 107,023.11
**----- End of picture text -----**
**8 |** P a g e ## **Note 3** ## **Debtors and prepayments** ## **Analysis of debtors** ## **Trade debtors** ## **Note 4** ## **20.1 Analysis of creditors** ## **Trade creditors** **----- Start of picture text -----**
This year Last year
£ £
1,447.0 5,089.0
Total 5,088.95
**----- End of picture text -----**
## **Creditors and accruals** **----- Start of picture text -----**
Amounts falling due within one
year
This year Last year
£ £
259.56 9,269.07
Total 259.56 9,269.07
**----- End of picture text -----**
**9 |** P a g e ## **Resource Analysis – Incoming/Expended 31 March 2022** **----- Start of picture text -----**
Restricted Funds Incoming Resources Outgoing Resources Movement in funds
HMRC Grant £12,684.81 £12,684.81 £0.00
Greenford quay £240.00 £240.00 £0.00
Salaries - Trust for London £10,000.00 £10,000.00 £0.00
Carnival2021 £500.00 £570.83 £70.83
City Bridge Trust £10,000.00 10000 £0.00
Gallary rental £0.00 £600.00 £600.00
LBE My Mural £5,000.00 £0.00 £5,000.00
Gallery Expenditure £0.00 £264.97 £264.97
Tree Council £667.30 £664.28 £3.02
Acton Charities £2,500.00 £2,500.00 £0.00
Acton Garden-Part of it £5,000.00 £1,400.00 £3,600.00
Award for All £5,636.00 £5,636.00 £0.00
Clarion Future £4,960.00 £0.00 £4,960.00
HAF £4,692.00 £4,690.86 £1.14
NAP Cleaning/Consumables £0.00 £335.40 £335.40
North Acton Launch-Xmas market £2,375.00 £2,375.00 £0.00
Paul Auction £1,464.11 £1,214.11 £250.00
Salary - Simon £28,288.95 £28,288.95 £0.00
Spacehive £20,430.06 £20,430.06 £0.00
Tuvida £495.00 £495.00 £0.00
Volunteer Expenses £0.00 £455.26 £455.26
W3 Utilities £0.00 £0.00 £0.00
Walking Gallery £2,500.00 £2,500.00 £0.00
Total £117,433.23 £105,345.53 £12,087.70
Unrestricted Funds Incoming Resources Outgoing Resources
Deposit Refund £0.00 £1,390.50 £1,390.50
Accounts £0.00 £1,442.80 £1,442.80
Insurance £0.00 £860.45 £860.45
PAYE/Pension £0.00 £8,415.57 £8,415.57
Running Cost £0.00 £1,467.85 £1,467.85
Salaries £0.00 £26,204.42 £26,204.42
Other £103.44 £0.00 £103.44
Gallery Sales £1,037.81 £0.00 £1,037.81
Covid Hardship grant LBE £6,336.05 £0.00 £6,336.05
Affordable Art Sales £0.00 £465.40 £465.40
Business Rates £0.00 £248.29 £248.29
Fund Raising £0.00 £2,455.00 £2,455.00
Savings Interest £2.51 £0.00 £2.51
COOP £1,648.36 £1,648.36 £0.00
Omicron grant LBE £2,667.00 £0.00 £2,667.00
Covid grant £6,140.50 £0.00 £6,140.50
Restart grant LBE £8,000.00 £0.00 £8,000.00
NAP Rental £9,908.50 £9,471.12 £437.38
Repair/Maintenance £0.00 £294.00 £294.00
Total £35,844.17 £54,363.76 £18,519.59
Grand Total £153,277.40 £159,709.29 £6,431.89
**----- End of picture text -----**
**10 |** P a g e ## **Movement in Funds – Restricted 31 March 2022** ||**Restricted**
**Funds**|**Restricted**
**Funds**|**b/f**|**Incoming Re-**
**sources**|**Outgoing Re-**
**sources**|**Movement in**
**funds**|**c/f**| |---|---|---|---|---|---|---|---| ||||||||| ||||||||| |HAF|||£0.00|£4,692.00|£4,690.86|£1.14|£1.14| |Award for All|||£0.00|£5,636.00|£5,636.00|£0.00|£0.00| |Paul Auction|||£0.00|£1,464.11|£1,214.11|£250.00|£250.00| |WalkingGallery|||£0.00|£2,500.00|£2,500.00|£0.00|£0.00| |Acton Garden-
Part of it|||£0.00|£5,000.00|£1,400.00|£3,600.00|£3,600.00| |Tree Council|||£0.00|£667.30|£664.28|£3.02|£3.02| |Clarion Future|||£0.00|£4,960.00|£0.00|£4,960.00|£4,960.00| |**Total Funds**|||**£7,428.75**|**£34,919.41**|**£26,105.25**|**£8,814.16**|**£16,242.91**| **11 |** P a g e