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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||||||
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|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||||
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||||||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|
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||||||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|
##
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|||||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|
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||||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|
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|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|
##
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|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|
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||||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|
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|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|
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|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|
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|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||
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|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|
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||||||||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|
##
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|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|
##
|The|total|future|minimum|lease|payments|under|non-cancellabfe|operating|leases|are|as follows:|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021||2020|
||||||||||5|||
||||||||||469,075||567,263|
|||||||||1,541,595|||1,652,735|
||||||||||||7,621,260|
|||||||||2,010,670|||9,841,258|