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|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||





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|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|





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## 

||||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<br>2A2t<br>t|Cash<br>flows<br>e.|Othernon-cashAt<br>changes<br>Ef|3rMarch<br>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|





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|DONATIONS ANDLEGACIES|||||
|---|---|---|---|---|
||Unrestricted|Restricted|zozz|2021|
||f|ff.||f.|
|Donations andgifts|304,958|:.9:-378|496,336|46o,8r8|
|Governmentgrants-Furlough Scheme<br>Government grants-Other|7,51o<br>4,4oo|-<br>263,194|7,5ao<br>267,594|L02,202<br>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||





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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||Staff|Office|OtherGovernance||2ozz|zoz7.|
||costs|costs|costs||||
||ecaf.Ee.||||||
|Raisingfunds<br>Fundraising-general<br>Fundraising-shopsales|4,434<br>3,937|6ll<br>6o1|a3z<br>35,842|-<br>-|5,243<br>4o,38o|4,8or<br>7,298|
||8,37!|t,278|35,974|-|45,62?|12,099|
|Charita bleactivities:|||||||
|Exhibitions andevents<br>Suppottcosts|328,5:i7<br>101,134|5o,14o<br>15,436|t83,976<br>2,994|-<br>2,520|562,633<br>tzz,o84|373A48<br>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<br>Fundraising-shopsales|4'2a2-|<br>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<br>Socialsecurity costs<br>Pension costs|387,336<br>32,993<br>t7,693|268,66o<br>22,746<br>:.4,z6t|
||438,ozz|3o5,667|





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|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<br>funds|Restricted<br>funds|Total<br>funds|
|---|---|---|---|---|
|||ffE|||
||Fund balancesat3r March2c22 asrepresentedby:||||
||Currentassets<br>Currentliabilities<br>Longterm liabilities|297,799<br>(4g,ozz_l|328,9o5<br>(7,zto)<br>(3t,725)|626,7o4<br>(56,232)<br>(3t,725)|
|||248,777|z8g,97o|538,747|





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## 

|RESTRICTEDFUNDS||||||
|---|---|---|---|---|---|
||AteApril|||Transfers|At3eMarch|
||202L|lncome|Expenditure|and gains|2022|
||i.|€|f|f.|f|
|ABCharity<br>Alan andBabetteSainsbury|L0,OOO<br>444||(ro,33z)|332<br>(zs:)|191|
|CharitableFund||||||
|CorporateDonations<br>DorfmanFoundation|8,674|IOrOOO|G,lll)<br>(8,85o)|a76|4,223-|
|Esmee||1"5,OOO|(:,4,4o7)||593|
|Lewisham Homes<br>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||||.<br>a3,74b|
|PaulHamlyn Foundation|zo,98r|6orooo|(zz,5o7)|16r|58,635|
|RayneFoundation|rr8r8|1'OrOOO|G,sg+)||7,224|
|Rumi Foundation<br>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|





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## 

|arativelnformationfortheprecedin|g period-YearEn|ded3eMar|chzozr|||
|---|---|---|---|---|---|
||AteApril<br>zo2L<br>ET,|lncome|Expenditure<br>e.|Transfers<br>and gains<br>A|At3rMarch<br>2022<br>€|
|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<br>Open Society Foundations|7c8-|15,o46|(r,3oo)||7c8<br>a3,746|
|PaulHamlyn Foundation|(SBS)|<br>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<br>TrustforLondon<br>Unbound Philanthropy<br>Academicfunding<br>ArtsCouncil England<br>HeritageLotteryCulture|5rooo<br>6,t87<br>7.r24o<br>t1,676<br>t5,87o|45,5oo<br> <br>35,ooo<br> <br>1-2,250<br> to5,763|(zo,z48)<br>(34,672)<br>0,16g)<br>(48,5ro)||5,ooo<br>31,439<br>r5,568<br>r8,:-57<br>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|





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|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|