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