| CONTENTS | Page |
|---|---|
| Reference andadministrative information | L |
| Trustees'report | 2-10 |
| lndependentExaminer'sreport | L1 |
| Statementoffinancial activities | |
| Balancesheet | 13 |
| Statementofcashflows | 1.4 |
| Notesto thefinancialstatements | 1-5-2a |
| Trustees | BarbaraRoche | (Chair-resigned7Julyzozr) |
|---|---|---|
| Charles Gurassa | (Chair-from7Julyzozr) | |
| Mohan MansiganiOBEOsti | (Treasurer) | |
| GeorgeAlagiahOBE | ||
| Zelda Baveystock | (resigned7)uly>ozt) | |
| SarahCaplin | ||
| MargotFinn | (appointed7October zozr) | |
| Nilufar Fowler | (appointed7Octoberzoze) | |
| Ayesha Hameed | (appointed7Octoberzoz:.) | |
| KuljitKaurJackson | (appointed7October zozr) | |
| EricLangham | (appointed7October zozr) | |
| David OlusogaOBE | ||
| RobertWinder | ||
| Company Secretary andCEO | Sophie Henderson | |
| Charity RegistrationNumber | aL53774 | |
| Company RegistrationNumber | o8544993 | |
| PrincipalAddressand RegisteredOffice | r5 LarkhallRise | |
| London | ||
| SW46JB | ||
| lndependentExaminer | 0layinkaTomori ACA DChA | |
| Longmeade Consult Ltd | ||
| Regus House | ||
| VictoryWay | ||
| Admirals Park | ||
| Dartford | ||
| DAz 6OD | ||
| Bankers | The Co-operative Bank | |
| PO Box z5o | ||
| Skelmersdale | ||
| WN8 6WT |
| INCOMEANDEXPENDITURE | Unrestricted | Restricted | Total | Totae | |
|---|---|---|---|---|---|
| funds | funds | 2022 | 2027. | ||
| Notes | f. | L | f | f | |
| lncomeandendowmentsfrom: | |||||
| Donations and legacies | 3e6,868 | 454,572 | 771,440 | 743,505 | |
| Charitableactivities | 38,425 | 38,425 | 5,826 | ||
| Othertrading activities | ro,725 | ao,725 | |||
| Totallncome | 366,oe8 | 454,572 | 8zo,59o | 749,33a | |
| Expenditure on: | |||||
| Raisingfunds | 45,623 | 45,623 | 12rOgg | ||
| Charitableactivities | z6:^,oo7 | 423,7ao | 684,7t7 | 463,848 | |
| TotalExpenditure | 3o6,63o | 423,71O | 73o,34o | 475,947 | |
| Net income beforetransfers | 59,388 | 3o,862 | 9o,250 | 273;]84 | |
| Grosstransfersbetweenfunds | G,lgl) | 4,793 | |||
| Net movementinfunds | 54,595 | 35,655 | 90,250 | z73BB4 | |
| Totalfunds brought forward | :-94,t8z | 254'315 | 448,497 | t75,aa3 | |
| Total funds carriedforward | ,^r!1 | z89,97o | 538,747 | 448,497 |
| 2027. | |||||
|---|---|---|---|---|---|
| Notes | |||||
| Current Assets | |||||
| Cashatbank and in hand | 626,7o4 | 483,759 | |||
| 626,7o4 | 483,159 | ||||
| Creditors:amountsfallingdue | |||||
| withinone year | (56,232) | (35,262) | |||
| Net Current Assets | 570,472 | 448,497 | |||
| Creditors:amountsfallingdue | |||||
| aftermorethanoneyear | (3r,725) | ||||
| TotalNet Assets | 538,747 | 448,497 | |||
| Funds: | |||||
| Restrictedfunds | 289,97o | 254'345 | |||
| Unrestrictedfunds | 248,777 | :.g4,t8z | |||
| TOTALFUNDS | 538,747 | 448,497 |
| 3eMarch | 3rMarch | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| e | I | |||
| Cashprovidedbyoperating activities | 142,945 | 27?']-3o | ||
| lncrease in cashandcashequivalentsintheyear | 142,945 | 273,a3O | ||
| Cashandcashequivalentsatthe beginningoftheyear | 483,759 | z:.o,6z9 | ||
| Totalcashandcashequivalents at year end | 626,7o4 | ^rr!2 | ||
| Analysis ofCashandCashEquivalents | 2022 | 2021 | ||
| f | f. | |||
| Cashat bank andinhand | 626,7o4 | 483,7s9 | ||
| Analysis ofchangesin net funds | At rApril 2A2t t |
Cash flows e. |
Othernon-cashAt changes Ef |
3rMarch zo22 |
| Cash | 483,759:"42,945 | :y"^ | ||
| Reconciliation of netmovementinfundstonetcash | inflow fromOperating | Activities | ||
| 2022 | 2027. | |||
| f | f | |||
| Netmovementinfunds | ,o,rr: | 273?84 | ||
| Decrease indebtors | ||||
| Increase/(decrease)increditors | 52,695 | (zs+) | ||
| Netcashprovidedby/(usedin)operating activities | t42,945 | 273,a3o |
| DONATIONS ANDLEGACIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | zozz | 2021 | |
| f | ff. | f. | ||
| Donations andgifts | 304,958 | :.9:-378 | 496,336 | 46o,8r8 |
| Governmentgrants-Furlough Scheme Government grants-Other |
7,51o 4,4oo |
- 263,194 |
7,5ao 267,594 |
L02,202 r8o,485 |
| 3:,6,868 | !1!: | ,:!, | 743,505 | |
| Unrestricted | Restricted | 202L | ||
| E | f | f | ||
| Donations andgifts | zo8,67z | z5z,t46- | 46o,8r8 | |
| Government grants-Furlough Scheme | 1O2t202 | ao2t202 | ||
| Governmentgrants-Other | r8o,485 | r8o,485 | ||
| 3to,874 | 432,53:^ | 743,505 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Funds | Funds | 2022 | 202L | |
| E | E | e | f | |
| Shop sales | 38,425 | : | 38,425 | _1= |
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 202t | |
| E | ||
| Venue hire | 3,3oo | |
| Fundraising events-Speakers andexhibitions | 7,425 | |
| 1'o,725 |
| EXPENDITURE | ||||||
|---|---|---|---|---|---|---|
| Staff | Office | OtherGovernance | 2ozz | zoz7. | ||
| costs | costs | costs | ||||
| ecaf.Ee. | ||||||
| Raisingfunds Fundraising-general Fundraising-shopsales |
4,434 3,937 |
6ll 6o1 |
a3z 35,842 |
- - |
5,243 4o,38o |
4,8or 7,298 |
| 8,37! | t,278 | 35,974 | - | 45,62? | 12,099 | |
| Charita bleactivities: | ||||||
| Exhibitions andevents Suppottcosts |
328,5:i7 101,134 |
5o,14o 15,436 |
t83,976 2,994 |
- 2,520 |
562,633 tzz,o84 |
373A48 9o,5oo |
| 4z9,65:- | 65,576 | t86,g7o | 2,520 | 684,7t7 | 463,848 | |
| Total | 438,ozz | 66,854 | 222.944 | 2t52o | l3o,34o | 475,947 |
| ncome/(expenditure)isstatedaftercharging: | ||||||
| pendentExaminer's fees (excluding VAT) | L,500 | 1,3OO | ||||
| Staff | Office | OtherGovernance | 2c.2L | |||
| costs | costs | costs | ||||
| ff.EfE | ||||||
| Raisingfunds | ||||||
| Fundraising-general Fundraising-shopsales |
4'2a2- | 5o7- 7,r:g; |
i,:;; | |||
| 4t2O2 | 5O7 | 7,390 | - | 12,099 | ||
| Charitableactivities: | ||||||
| Exhibitions andevents | z2gt25o | 27,669 | r':16,4z9 | - | 373848 | |
| Support costs | 72,21-5 | 8,7t6 | 1,577 | 7,992 | 9o,5oo | |
| 3or,465 | 36,385 | u8,oo6 | 7,992 | 463,848 | ||
| Total | 3o5,667 | 36,892 | :z5396 | 7,992 | 475,947 |
| STAFFCOSTS | 2CJ22 | 2021. |
|---|---|---|
| f.e | ||
| Wages andsalaries Socialsecurity costs Pension costs |
387,336 32,993 t7,693 |
268,66o 22,746 :.4,z6t |
| 438,ozz | 3o5,667 |
| he averagemonthlyemployee headcount during the | yearwasasfollows: | |
|---|---|---|
| 2022 | 2023. | |
| Number | Number | |
| Administration | 2 | 2 |
| Projectmanagement | a2 | 8 |
| 14 | 10 |
| 8. | CREDITORS:amountsfallingdue | 2022 | 202L |
|---|---|---|---|
| withinoneyear | € | € | |
| Taxesand social security costs | ro,888 | 4,889 | |
| Othercreditors and accruals | 38,134 | 3o,373 | |
| Loan(seenotebelow) | 7,2!a | ||
| 56,232 | 35,262 | ||
| 9. | CREDITORS:amountsfallingdue | 2022 | 202L |
| Aftermorethanoneyear | 2 | f | |
| Loan(seenote below) | 3a,725 |
| 11. | ANALYSISOFNETASSETS BETWEENFUNDS | Unrestricted funds |
Restricted funds |
Total funds |
|---|---|---|---|---|
| ffE | ||||
| Fund balancesat3r March2c22 asrepresentedby: | ||||
| Currentassets Currentliabilities Longterm liabilities |
297,799 (4g,ozz_l |
328,9o5 (7,zto) (3t,725) |
626,7o4 (56,232) (3t,725) |
|
| 248,777 | z8g,97o | 538,747 |
| RESTRICTEDFUNDS | |||||
|---|---|---|---|---|---|
| AteApril | Transfers | At3eMarch | |||
| 202L | lncome | Expenditure | and gains | 2022 | |
| i. | € | f | f. | f | |
| ABCharity Alan andBabetteSainsbury |
L0,OOO 444 |
(ro,33z) | 332 (zs:) |
191 | |
| CharitableFund | |||||
| CorporateDonations DorfmanFoundation |
8,674 | IOrOOO | G,lll) (8,85o) |
a76 | 4,223- |
| Esmee | 1"5,OOO | (:,4,4o7) | 593 | ||
| Lewisham Homes LondonCommunityFund/#l |
3,50o | 3,5oo | |||
| WillFund | 9'88: | (g,6gr) | 115 | 309 | |
| NestaGrant | rsrool | 15,OOO | |||
| Northwick Trust | 708 | (7o? | |||
| Open Society Foundations | a3,746 | . a3,74b |
|||
| PaulHamlyn Foundation | zo,98r | 6orooo | (zz,5o7) | 16r | 58,635 |
| RayneFoundation | rr8r8 | 1'OrOOO | G,sg+) | 7,224 | |
| Rumi Foundation SchoolforSocial Entrepreneurs |
24,L73 | 25rOOO | Gl,16g) | L\404 | |
| Heritage Trade Up | U,ro: | 5,5oo | |||
| TheArtFund | 9,7n | (:o,464) | 68; | ||
| The FundingNetwork | 5,ooo | 17,378- | (r8,66o) | 458 | 4,a76 |
| TrustforLondon | 31,439 | (29,871) | (z+s) | 1,317 | |
| UnboundPhilanthropy | r5,568 | 3OTOOO | G6,lz9) | a,464 | 10,3O3 |
| Academicfunding | :-.8,:-57 | (2o,763) | 2,6o6 | ||
| ArtsCouncil EnglandTCOB | 73'423- | 44,979 | (53,256) | 64,846 | |
| Creative Happenings | 5,9oo | 6,9oo | |||
| HeritageLotteryCulture | |||||
| RecoveryFund | 1o4,478 | (roz,6r4) | t,864 | ||
| HMRCKickstart | :.4,64o | (rz,65r) | 1,989 | ||
| LewishamBusinessSupport | 2,972 | 92,497- | (z:.,169) | 74,OOO | |
| USEmbassy | 7,85o | (3,6oo) | 4,250 | ||
| 254,345 | 454,572(423,7to) | 4,793 | z8g,97o |
| arativelnformationfortheprecedin | g period-YearEn | ded3eMar | chzozr | ||
|---|---|---|---|---|---|
| AteApril zo2L ET, |
lncome | Expenditure e. |
Transfers and gains A |
At3rMarch 2022 € |
|
| ABCharity | - | IOrOOO | 10,OOO | ||
| Alan andBabetteSainsbury | 4,544 | 7,540 | (8,6oo) | 444 | |
| CharitableFund | |||||
| DorfmanFoundation | - | 15,OOO | (6,326) | 8,674 | |
| LondonCommunityFund/#l | |||||
| WillFund | 7,589 | 1o,ooo | 0,8o4) | 9,885 | |
| Northwick Trust Open Society Foundations |
7c8- | 15,o46 | (r,3oo) | 7c8 a3,746 |
|
| PaulHamlyn Foundation | (SBS) | 5o,ooo |
(28,43o) | zo,98r | |
| RayneFoundation | - | 1O,OOO | (8,r82) | rr8r8 | |
| Rumi Foundation | - | 25,OOO | (8zt_) | 24,173 | |
| TheArtFund | 777 | 9,ooo | 9,777 | ||
| The FundingNetwork TrustforLondon Unbound Philanthropy Academicfunding ArtsCouncil England HeritageLotteryCulture |
5rooo 6,t87 7.r24o t1,676 t5,87o |
45,5oo 35,ooo 1-2,250 to5,763 |
(zo,z48) (34,672) 0,16g) (48,5ro) |
5,ooo 31,439 r5,568 r8,:-57 73,a23 |
|
| RecoveryFund | 64,722 | (64,722) | |||
| LewishamBusinessSupport | 1.OrOOO | Q,oz8-) | 2'972 | ||
| USEmbassy | 7,85o | 7,85o | |||
| 66,roz | 432,63:. | (244,418'1 | 254,3r5 |
| L+.COMPARATIVE STATEMENTOFFINANCIAL | ACTIVITIES(zoze) | ||
|---|---|---|---|
| INCOMEANDEXPENDITURE | Unrestricted | Restricted | Total |
| funds | funds | 2021 | |
| E | f. | t | |
| lncomeandendowmentsfrom: | |||
| Donations and legacies | 3::o,874 | 432,63:- | 743,5o5 |
| Charitableactivities | 5,826 | 5,826 | |
| Othertrading activities | |||
| Totallncome | 316,7oo | 432,63r | 749'334 |
| Expenditure on: | |||
| Raisingfunds | 12,099 | 12r099 | |
| Charitableactivities | zagt43o | z44,4:"B | 463,848 |
| TotalExpenditure | 23'J,,529 | 244,4:.8 | 475,947 |
| Net income beforetransfers | B5,r7t | r88,zr3 | 273]84 |
| Grosstransfersbetweenfunds | |||
| Netmovementinfunds | 85,t7t | r88,zr3 | 273;384 |
| Total fundsbrought forward | 1Og,O11 | 65,roz | t75,AA3 |
| Total funds carriedforward | :.g4,:.8z | 254,345 | 448,497 |