2020-12-31-accounts

							Page
Trustees' annual report (incorporating				the	director's	report)
Independent	auditor's	report to	the members
Statement	offinancial	activities	(including		income and
expenditure	account)						13
Statement	offinancial	position					14
Statement	ofcash flows						15
Notes to the financial		statements					16

Reference	and administrative	and administrative	and administrative	details
Registered	charity	name		Collage Arts.
Charity registration		number		1153366
Company	registration		number	02848451
Principal office and		registered		The Chocolate Factoiy
office				4 Coburg	Road
				London
				N22 6UJ
				England
The trustees
				P M P Sherman
				V Hirani
				Yusuf Ali Khan
				YStajno
				A Richardson
				A Kumar
Company	secretary			M Ambasna
Auditor				Brian Paul	Limited
				Chartered	Accountants	&Statutory	Auditors
				Chase Green House
				42 Chase	Side
				Enfield
				Middlesex
				EN2 6NF
Solicitors				Derrick Bridges and Co
				12Wood Street
				Barnet
				Herffordshire
				England
				EN5 4BQ

Year ended	31 Dece	mber 202	0
						2020		2019
					Unrestricted	Restricted
				Note	funds f	funds 6	Total funds 8	Total funds
Income and endowments
Donations and	legacies			5	134,179	331,832	466,011	526,839
Charitable activities				6				71,600
Other income				7	986,547		986,547	1,008,541
Total income					1,120,726	331,832	1,452,558	1,606,980
Expenditure
Expenditure on	charitable	activities		8,9	1,354,863	267,919	1,622,782	1,683,954
Total expenditure					1,354,863	267,919	1,622,782	1,683,954
Net expenditure	and net	movement	in
funds					(234,137)	63,913	(170,224)	(76,974)
Reconciliation	offunds
Total funds brought forward					268,598	41,049	309,647	386,621
Total funds carried forward					34,461	104,962	139,423	309,647

					2020	2019
				Note
Fixed assets
Tangible fixed assets				16	724,738	705,104
Current assets
Debtors				17	435,708	491,435
Cash at bank and	in hand				42,079	36
					477,787	491,471
Creditors: amounts		falling	due within one year	19	850,339	693,585
Net current liabilities					372,552	202,114
Total assets less	current		liabilities		352,186	502,990
Creditors: amounts		falling	due after more than one year	20	212,763	193,343
Net assets					139,423	309,647
Funds ofthe charity
Restricted funds					104,962	41,049
Unrestricted funds					34,461	268,598
Total charity funds				24	139,423	309,647

Year ended 31 Decem	ber 2020
			Note	2020 8	2019 f.'
Cash flows from operating	activities
Net expenditure				(170,224)	(76,974)
Adjustments for:
Depreciation oftangible fixed assets				52,418	87,535
Government grant income				(81,263)
Interest payable and similar	charges			21,205	17,377
Accrued expenses				26,912	49,017
Changesin:
Trade and other debtors				23,346	(43,526)
Trade and other creditors				241,046	(189,099)
Cash generated from operations				113,440	(155,670)
Interest paid				(21,205)	(17,377)
Net cash from/(used in) operating activities				92,235	(173,047)
Cash flows from investing	activities
Purchase oftangible assets				(72,052)	(47,154)
Net cash used in investing activities				(72,052)	(47,154)
Cash flows from financing	activities
Proceeds from borrowings				(55,386)	121,349
Government grant income				81,263
Net cash from financing activities				25,877	121,349
Net increase/(decrease) in	cash and cash	equivalents		46,060	(98,852)
Cash and cash equivalents	at beginning	ofyear		(9,463)	89,389
Cash and cash equivalents	at end ofyear		18	36,597	(9,463)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			5		F.
Grants
General grants			52,916		52,916
London Youth				10,997	10,997
Wan dsworth				1,044	1,044
European				611	611
Community Links
Arts Council				31,095	31,095
NAT Heritage
Capital Grant				36,600	36,600
Bauer Media
Collage Works				108,705	108,705
Creative Land		Trust		25,520	25,520
BBCChildren		In Need		9,940	9,940
Haringay Council				33,791	33,791
Peoples Post	Code			20,000	20,000
Amplify				4,798	4,798
Access Impact				4,200	4,200
Covid 19				39,531	39,531
Centre for Discovery				5,000	5,000
Government	grant income		81,263		81,263
			134,179	331,832	466,011

5.	Donations a	n	d legacies (cuusnued)
					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2019 8
	Grants
	General grants				51,625		51,625
	London Youth
	Wandsworth
	European					103,246	103,246
	Community Links					63,306	63,306
	Arts Council					1,217	1,217
	NAT Heritage					97,400	97,400
	Capital Grant					182,150	182,150
	Bauer Media				10,008		10,008
	Collage Works					17,887	17,887
	Creative Land		Trust
	BBCChildren		ln Need
	Haringay Council
	Peoples Post	Code
	Amplify
	Access Impact
	Covid 19
	Centre for Discovery
	Government	grant income
					61,633	465,206	526,839
6.	Charitable activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				6	8		8
	Exceptional income from charitable
	activities					71,600	71,600
7.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				8	F	8
	Other income	- Rental income		978,744	978,744	966,113	966,113
	Other incoming		resources	7,803	7,803	42,428	42,428
				986,547	986,547	1,008,541	1,008,541

Expenditure on charitabl	e activities by fund	type
		Unrestricted	Restricted	Total Funds
		Funds f	Funds	2020 f
General donations		1,348,863		1,348,863
Nat Heritage
European Projects			44,987	44,987
Community Links
Arts Council and Creative	Employment		31,095	31,095
Collage Works			128,326	128,326
Haringey Council			33,791	33,791
Creative Land Trust			25,520	25,520
Access Impact			4,200	4,200
Support costs		6,000		6,000
		1,354,863	267,919	1,622,782
		Unrestricted	Restricted	Total Funds
		Funds f	Funds F	2019 f
General donations		1,133,356	260,539	1,393,896
Nat Heritage			97,400	97,400
European Projects			97,114	97,114
Community Links			84,134	84,134
Arts Council and Creative	Employment		1,217	1,217
Collage Works			4,194	4,193
Haringey Council
Creative Land Trust
Access Impact
Governance costs		6,000		6,000
		1,139,356	544,598	1,683,954

9.	Expenditure on charita	bl	e activi	ties by	activity typ	e
					Activities
					undertaken				Total funds	Total fund
					directly f	Support costs f			2020		2019 f
	General donations				1,348,863				1,348,863	1,393,896
	Nat Heritage									97,400
	European Projects				44,987				44,987	97,114
	Community Links									84,134
	Arts Council and Creative		Employment		31,095				31,095		1,217
	Collage Works				128,326				128,326		4,193
	Haringey Council				33,791				33,791
	Creative Land Trust				25,520				25,520
	Access Impact				4,200				4,200
	Governance costs						6,000		6,000		6,000
					1,616,782		6,000		1,622,782	1,683,954
10.	Analysis ofsupport costs
						Analysis		of
						support costs			Total 2020	Total	2019
							9				F
	Governance costs						6,000		6,000		6,000
11.	Net expenditure
	Net expenditure is stated		after charging/(crediting):
									2020		2019
											6
	Depreciation oftangible	fixed assets							52,418	87,535
12.	Auditors remuneration
									2020		2019
											f
	Fees payable for the audit		ofthe financial		statements				6,000		6,000
13.	Staff costs
	The total staff costs and	employee		benefits	for the reporting		period	are	analysed as	follows:
									2020 f		2019
	Wages and salaries								296,408	276,553
	Social security costs								26,134	18,241
	Employer contributions	to	pension	plans					3,511		4,457
									326,053	299,251

offull-tim	e equiv	alent em	ployees during the year is a	nalysed as follows:
				2020	2019
				No.	No.
Number	ofstaff	—support	staff	11	10
Number	ofstaff	—head office		2	2
				13	12

ended 31stDecember 2 Analysis ofexpenses	019.		y
		2020	2019
		f	f
Training fees		286,129	261,210
Rental costs		872,777	902,484
Office costs		38,509	48,626
Legal and professional		8,801	9,088
Event costs		(23)	40,524
Bank and loan interest charges		21,205	17,377
Staff costs and employer	Nl	326,053	299,251
Premises and computer	costs	10,914	11,859
Support costs		6,000	6,000
Depreciation		52,418	87,535
		1,622,782	1,683,954

					Short
					leasehold	Fixtures and
					property f	fittings	Paintings f	Total f
	Cost
	At 1 January	2020			1,525,522	505,273	33,100	2,063,895
	Additions				35,052	37,000		72,052
	At 31 December		2020		1,560,574	542,273	33,100	2,135,947
	Depreciation
	At 1 January	2020			856,552	502,239		1,358,791
	Charge for the year				52,132	286		52,418
	At 31 December		2020		908,684	502,525		1,411,209
	Canying amount
	At 31 December		2020		651,890	39,748	33,100	724,738
	At 31 December		2019		668,970	3,034	33,100	705,104
17.	Debtom
							2020 f	2019 f
	Trade debtors						269,754	297,555
	Prepayments	and accrued		income			107,711	135,637
	Other debtors						58,243	58,243
							435,708	491,435
	The debtors above include			the following	amounts falling	due atter more	than one year'
							2020 f	2019 f
	Other debtors						32,398	32,398
18.	Cash and cash equivalents
	Cash and cash equivalents			comprise the	following:
							2020 f	2019 F
	Cash at bank	and in hand					42,079	36
	Bank overdrafts						(5,482)	(9,499)
							36,597	(9,463)

Creditors: amounts f	alling due within one year
		2020	2019
		E
Bank loans and overdraRs		81,669	116,490
Trade creditors		568,236	371,255
Accruals and deferred	income	21,149	26,618
Social security and other taxes		65,519	62,647
Other creditors		113,766	116,575
		850,339	693,585

Credi	tors: amounts falling due after more than	one year
		2020	2019
		E	F
Bank	loans and overdrafts	146,846	171,428
Other	creditors	65,917	21,915
		212,763	193,343

Deferred income
	2020	2019
	E
At 1 Januanj 2020		235,285
Amount released to income		(235,285)
At 31December 2020

Analysis ofc	haritable funds
Unmstricted	funds
					At
		At 1 January		31	December
		2020 f	Income	Expenditure f	2020 f
General funds		268,598	1,120,726	(1,354,863)	34,461
					At
		At 1 January		31	December
		2019 f	Income f.	Expenditure f	2019
General funds		266,180	1,141.774	(1,139,356)	268,598
Restricted funds
					At
		At 1 January		31	December
		2020 f	Income f	Expenditure	2020
London Youth		(10,997)	10,997
Wandswoith		(1,044)	1,044
European		38,608	611	(44,988)	(5,769)
Community Links
Arts Council			31,095	(31,095)
NAT Heritage
Capital Grant		789	36,600		37,389
Collage Works		13,693	108,705	(128,325)	(5,927)
Creative Land	Trust		25,520	(25,520)
BBCChildren	in Need		9,940		9,940
Haringey Council			33,791	(33,791)
Peoples Postcode			20,000		20,000
Amplify			4,798		4,798
Access impact			4,200	(4,200)
Covid-19			39,531		39,531
Centre for Discovery			5,000		5,000
		41,049	331,832	(267,919)	104,962

Restricted	funds (continuedj
					At
		At 1 January			31 December
		2019	Income	Expenditure	2019
		8	F	6	8
London Youth		(10,997)			(10,997)
Wandsworth		(1,044)			(1,044)
European		32,476	103,246	(97,114)	38,608
Community	Links	20,828	63,306	(84,134)
Arts Council			1,217	(1,217)
NAT Heritage			97,400	(97,400)
Capital Grant		79,178	182,150	(260,539)	789
Collage Works			17,887	(4,194)	13,693
		120,441	465,206	(544,598)	41,049

Analysis	of n	et as	se	ts b	etween funds
							Unrestricted	Restricted		Total Funds
							Funds		Funds		2020
									8		8
Tangible	fixed	assets					724,738				724,738
Current assets							372,825		104,962		477,787
Creditors	less	than	1	year			(850,339)				(850,339)
Creditors	greater than			1 year			(212,763)				(212,763)
Net assets							34,461		104,962		139,423
							Unrestricted	Restricted		Total Funds
							Funds		Funds		2019
											8
Tangible	fixed	assets					705,104				705,104
Current assets							450,422		41,049		491,471
Creditors	less	than	1	year			(693,585)				(693,585)
Creditors	greater than			1 year			(193,343)				(193,343)
Net assets							268,598		41,049		309,647
Operating	lease commitments
The total	future	minimum			lease payments	under	non-cancellable operating		leases are		as follows:
									2020		2019
									8		6
Not later than		1 year							567,263		642,043
Later than	1 year and			not	later than 5years			1,652,735			1,271,672
Later than	5 years							7,621,260			762,126
								9,841,258			2,675,841