2021-12-31-accounts - Collage Arts

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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

Registered	charity	name	name	Collage Arts.	Collage Arts.
Charity registration		number		1153366
Company	registration		number	02848451
Principal office and		registered		The Chocolate Factory
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
				Hertfordshire
				England
				EN5 4BQ

					2021		2020
				Unrestricted	Restricted
				funds	funds	Totalfunds	Total funds
			Note	E		6	F
Income and endowments
Donations and legacies			5	218,060	589,100	807,160	466,011
Other income			6	1,185,877		1,185,877	986,547
Total income				1,403,937	589,100	1,993,037	1,452,558
Expenditure
Expenditure on charitable		activities	7,8	1,350,353	607,536	1,957,889	1,622,782
Total expenditure				1,350,353	607,536	1,957,889	1,622,782
Net income/(expenditure)		and net
movement in funds				53,584	(18,436)	35,148	(170,224)
Reconciliation offunds
Total funds brought	forward			34,461	104,962	139,423	309,647
Total funds carried	forward			88,045	86,526	174,571	139,423

					2021	2020
				Note	E
Fixed assets
Tangible fixed assets				15	729,156	724,738
Current assets
Debtors				16	440,332	435,708
Cash at bank	and	in hand			43,781	42,079
					484,113	477,787
Creditors: amounts			falling due within one year	18	859,968	850,339
Net current	liabilities				375,855	372,552
Total assets	less	current liabilities			353,301	352,186
Creditors: amounts			falling due after more than one year	19	178,730	212,763
Net assets					174,571	139,423
Funds ofthe	charity
Restricted funds					86,526	104,962
Unrestricted	funds				88,045	34,461
Total charity	funds			23	174,571	139,423

				2021	2020
			Note	8
Cash flows from operating	activities
Net income/(expenditure)				35,148	(170,224)
Adjustments for:
Depreciation oftangible fixed assets Government grant income Interest payable and similar charges Accrued expenses				52,217 (142,770) 33,706 20,432	52,418 (81,263) 21,205 26,912
Changesin:
Trade and other debtors Trade and other creditors				(40,205) 26,852	23,346 241,046
Cash generated from operations				(14,620)	113,440
Interest paid				(33,706)	(21,205)
Net cash (used in)/from operating activities				(48,326)	92,235
Cash flows from investing	activities
Purchase oftangible assets				(56,635)	(72,052)
Net cash used in investing activities				(56,635)	(72,052)
Cash flows from financing	activities
Proceeds from borrowings Government grant income				(30,625) 142,770	(55,386) 81,263
Net cash from financing activities				112,145	25,877
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear		7,184 36,597	46,060 (9,463)
Cash and cash equivalents	at end ofyear		17	43,781	36,597

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			F	F	6
Grants
General grants			75,290		75,290
London Youth
Wandsworth
European				153,022	153,022
Haringey Council		LAC PPG		10,651	10,651
Arts Council				52,869	52,869
Haringey Council		Restart Grant		12,000	12,000
Capital Grant
Collage Works				51,700	51,700
Creative Land	Trust
BBCChildren	In Need
Haringey Council				20,203	20,203
Peoples Post Code
Amplify				1,200	1,200
Access Impact
Covid 19
Centre for Discovery
Centre forcast				5,000	5,000
Tottenham Grammar				6,000	6,000
Works commission				24,525	24,525
Windrush				23,173	23,173
Government grant		income	142,770		142,770
Kickstart				228,757	228,757
			218,060	589,100	807,160

Ye	ar ended 31 December 2021	ar ended 31 December 2021
5.	Donations and legacies (continuea)
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
					8	F
	Grants
	General grants			52,916		52,916
	London Youth				10,997	10,997
	Wandsworth				1,044	1,044
	European				611	611
	Haringey Council	LAC PPG
	Arts Council				31,095	31,095
	Haringey Council	Restart Grant
	Capital Grant				36,600	36,600
	Collage Works				108,705	108,705
	Creative Land Trust BBCChildren in Need				25,520 9,940	25,520 9,940
	Haringey Council Peoples Post Code				33,791 20,000	33,791 20,000
	Amplify Access Impact Covid 19				4,798 4,200 39,531	4,798 4,200 39,531
	Centre for Discovery Centre forcast				5,000	5,000
	Tottenham Grammar
	Works commission
	Windrush
	Government grant Kickstart	income		81,263		81,263
				134,179	331,832	466,011
6.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2021 6	Funds E	2020 E
	Other income - Rental income		1,087,543	1,087,543	978,744	978,744
	Other incoming resources		34,904	34,904	7,803	7,803
	Karamel Restaurant		63,430	63,430
			1,185,877	1,185,877	986,547	986,547

Expenditure on	charitable activities by fund typ	e
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		6		E
Rent, insurance,	office costs and depreciation	1,036,118	1,496	1,037,614
General donations		253,152		253,152
Windrush			15,000	15,000
Tottenham Grammar			6,000	6,000
Peoples Postcode			20,000	20,000
Kickstart			239,528	239,528
Amplify			5,998	5,998
Centre for Discovery			5,000	5,000
European Projects			98,104	98,104
Covid 19			39,530	39,530
Centre ofCast			5,000	5,000
Work Commission			24,525	24,525
Arts Council			52,869	52,869
Collage Works			41,690	41,690
Haringey Council			42,853	42,853
Creative Land Trust
Access Impact
BBCChildren in Need			9,940	9,940
Karamel Restaurant		54,603		54,603
Support costs		6,480		6,480
		1,350,353	607,536	1,957,889
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
Rent, insurance,	office costs and depreciation	962,618		962,618
General donations		386,245		386,265
Windrush
Tottenham Grammar
Peoples Postcode
Kickstart
Amplify
Centre for Discovery
European Projects			44,987	44,987
Covid 19
Centre ofCast
Work Commission
Arts Council			31,095	31,095
Collage Works			128,326	128,326
Hadingey Council			33,791	33,791
Creative Land Trust			25,520	25,520
Access Impact			4,200	4,200
BBCChildren in Need
Karamel Restaurant
Support costs		6,000		6,000
		1,354,863	267,919	1,622,782

			Activities
			undertaken	Support	Totalfunds	Total fund
			directly	costs	2021	2020
			E		8	E
	General donations		1,290,766		1,290,766	1,348,863
	Windrush		15,000		15,000
	Tottenham Grammar		6,000		6,000
	Peoples Postcode		19,999		19,999
	Kickstart		239,528		239,528
	Amplify		5,998		5,998
	Centre for Discovery		5,000		5,000
	European Projects Covid 19		98,104 39,530		98,104 39,530	44,987
	Centre ofCast		5,000		5,000
	Work Commission		24,525		24,525
	Arts Council		52,869		52,869	31,095
	Collage Works		41,690		41,690	128,326
	Haringey Council		42,853		42,853	33,791
	Creative Land Trust Access Impact BBCChildren in Need		9,940		9,940	25,520 4,200
	Karamel Restaurant		54,603		54,603
	Governance costs			6,480	6,480	6,000
			1,951,409	6,480	1,957,889	1,622,782
9.	Analysis ofsupport costs
					Total 2021	Total 2020
					6	8
	Governance costs				6,480	6,000
10.	Net income/(expenditure)
	Net income/(expenditure)	is stated after charging/(crediting):
					2021	2020
					8	F
	Depreciation oftangible	fixed assets			52,217	52,418
11.	Auditors remuneration
					2021	2020
					8	8
	Fees payable for the audit ofthe financial		statements		6,480	6,000

Staff costs
The total staff costs and	employee	benefits for the reporting	period	are analysed as	follows:
				2021	2020
				F	E
Wages and salaries				414,802	296,408
Social security costs				35,507	26,134
Employer contdibutions	to pension	plans		6,453	3,511
				456,762	326,053

The average head	The average head	count ofemployees	count ofemployees	during the year was 18(2020:	13).The average	number	of
full-time	equivalent	employees	during	the year is analysed as follows:
					2021	2020
					No.	No.
Number	ofstaff —support staff				16		11
Number	ofstaff —head office				2		2
					18		13

14.	Analysis ofexpenses
					2021	2020
	Training fees				365,735	286,129
	Rental costs				902,411	872,777
	Office costs				54,830	38,509
	Legal and professional				23,335	8,801
	Event costs Bank and loan interest charges				19,152 33,706	(23) 21,205
	Staff costs and employer Premises and computer	Nl costs			456,762 8,311	326,053 10,914
	Charitable donation				1,006
	Karamel Restaurant				33,944
	Support costs				6,480	6,000
	Depreciation				52,217	52,418
					1,957,889	1,622,782
15.	Tangible fixed assets
			Short
			leasehold	Fixtures and	User defined
			property 6	fittings f	asset 6	Total
	Cost
	At 1 January 2021		1,560,574	542,273	33,100	2,135,947
	Additions		39,188	17,447		56,635
	At 31 December 2021		1,599,762	559,720	33,100	2,192,582
	Depreciation
	At 1 January 2021		908,684	502,525		1,411,209
	Charge for the year		39,149	13,068		52,217
	At 31December 2021		947,833	515,593		1,463,426
	Carrying amount
	At 31December 2021		651,929	44,127	33,100	729,156
	At 31 December 2020		651,890	39,748	33,100	724,738
16.	Debtors
					2021	2020
					6	6
	Trade debtors				337,686	269,754
	Prepayments and accrued	income			39,948	107,711
	Other debtors				62,698	58,243
					440,332	435,708

The	debtors above include the following am	ounts falling due after more than one year	:
		2021	2020
		6	6
Other	debtors	32,398	32,398

17.	Cash and cash equivalent	Cash and cash equivalent	Cash and cash equivalent	s
	Cash and cash equivalents			comprise	the following:
						2021 K	2020 f
	Cash at bank and	in hand				43,781	42,079
	Bank overdrafts						(5,482)
						43,781	36,597
18.	Creditors: amounts		falling due within one year
						2021	2020
							F
	Bank loans and overdrafts					10,650	15,482
	Other loans					51,215	66,187
	Trade creditors					512,260	568,236
	Accruals and deferred		income			57,314	21,149
	Social security and	other taxes				121,842	65,519
	Other creditors					106,687	113,766
						859,968	850,339
19.	Creditors: amounts		falling due after		more than one year
						2021	2020
							F
	Bank loans and overdrafts					33,770	40,000
	Other loans					144,960	172,763
						178,730	212,763

2021	2020
8	F
51,314

Government	grants
The amounts	recognised	in the financial	statements	for government	grants are as follows:
					2021	2020
					E	E
Recognised	in income	from donations	and legacies:
Government	grants income				142,770	81,263

Unrestri	cted funds
						At
			At			31 December
		1	January 2021	Income E	Expenditure f	2021 E
General	funds		34,461	1,403,937	(1,350,353)	88,045
						At
			At			31 December
		1	January 2020	Income	Expenditure	2020
			E	6	E	6
General	funds		268,598	1,120,726	(1,354,863)	34,461

							At
				At			31 December
			1 January	2021	Income	Expenditure	2021
				F	E		E
Arts Council					52,869	(52,869)
Haringey Council		LAC PPG			10,651	(10,651)
Haringey Council		Restart Grant			12,000	(12,000)
Haringey Council					20,203	(20,203)
European			(5,769)		153,022	(98,104)	49,149
Capital Grant			37,389			(1,496)	35,893
Collage Works			(5,927)		51,700	(41,690)	4,083
Peoples Postcode			20,000			(20,000)
BBCChildren	ln Need		9,940			(9,940)
Covid - 19			39,531			(39,531)
Amplify			4,798		1,200	(5,998)
Centre for Discovery			5,000			(5,000)
Centre ofCast					5,000	(5,000)
Tottenham Grammar					6,000	(6,000)
Works Commission					24,525	(24,525)
Win drush					23,173	(15,000)	8,173
Kickstart					228,757	(239,529)	(10,772)
			104,962		589,100	(607,536)	86,526
							At
				Ar			31 December
			1 January	2020	Income	Expenditure	2020
				E	F		E
London Youth			(10,997)		10,997
Wandsworth			(1,044)		1,044
European			38,608		611	(44,988)	(5,769)
Arts Council					31,095	(31,095)
Capital Grant				789	36,600		37,789
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 Covid -19					4,200 39,531	(4,200)	39,531
Centre for Discovery					5,000		5,000
			41,049		331,832	(267,919)	104,962

Analysis ofnet as	se	ts between funds
			Unrestricted	Restricted	Total Funds
			Funds f	Funds F	2021 5
Tangible fixed assets			729,156		729,156
Current assets			397,587	86,526	484,113
Creditors less than	1	year	(859,968)		(859,968)
Creditors greater than		1 year	(178,730)		(178,730)
Net assets			88,045	86,526	174,571
			Unrestricted	Restricted	Total Funds
			Funds f	Funds	2020
Tangible fixed assets			724,738		724,738
Current assets			372,825	104,962	477,787
Creditors less than 1 year Creditors greater than 1 year			(850,339) (212,763)		(850,339) (212,763)
Net assets			34,461	104,962	139,423

operating	leases	as follows:
	2021	2020
	5
	469,075	567,263
1,541,595		1,652,735
		7,621,260
2,010,670		9,841,258