## # ## ## |Trustees||Phil Allison||||| |---|---|---|---|---|---|---| |||Hannah
Clayden||||| |||Tobi Kyeremateng||||| |||Harold
Offeh||||| |||Ayoadepeju
Abosede Abiyemi||Oshin||| |||(Chairperson)||||| |||Helen Tovey||||| |||Kirsty Stober||||| |||Daniel Castro Do Nascimento||||| |||Zelie Walker|||(Appointed|6 May 2021)| |Secretary||Vacant||||| |Charity number||1154301||||| |Company|number|8584273||||| |Principal address||Quay House||||| |||Kings Grove, 2c Peckham|Platform|||| |||Peckham||||| |||London||||| |||SE152NB||||| |Registered office||Quay House||||| |||Kings Grove, 2c Peckham|Platform|||| |||Peckham||||| |||London||||| |||SE152NB||||| |Independent'examiner||Warner Wilde Limited||||| |||4 Marigold
Drive||||| |||Bisley||||| |||Woking||||| |||Surrey||||| |||GU24 9SF||||| ## ## ||||Page| |---|---|---|---| |Chairperson's
statement|||| |Trustees'
report|||2-8| |Independent
examiner's||report|| |Statement offinancial|activities||10-11| |Balance sheet|||12| |Notes to the financial|statements||11-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year||||||| |---|---|---|---|---|---|---| |||Unrestricted|Unrestricted|Restricted|Total|Total| |||funds|funds|funds||| |||general|designated|||| |||2022|2022|2022|2022|2021| ||Notes|||||| |Income from:||||||| |Donations||119,288|||119,288|64,250| |Charitable
activities||117,280|89,027|101,933|308,240|283,368| |Investments||8|||8|25| |Total income||236,576|89,027|101,933|427,536|347,643| |Ex enditure on:||||||| |Raising funds||19,082||880|19,962|7,936| |Charitable
activities||||||| |Gallery and Exhibitions||210,508|59,258|64,458|334,224|210,819| |Education
Programme||||35,614|35,614|25,838| |Capital Campaign||||144|144|| |Total charitable
expenditure||210,508|59,258|100,216|369,982|236,657| |Total expenditure||229,590|59,258|101,096|389,944|244,593| |Net incoming resources|before transfers|6,986|29,769|837|37,592|103,050| |Gross transfers
between|funds|(94)||94||| |Net income for the year/||||||| |Net movement
in funds||6,892|29,769|931|37,592|103,050| |Fund balances at 1 April|2021|78,280||189,885|268,165|165,115| |Fund balances at 31 March 2022||85,172|29,769|190,816|395,757|268,165| ## ## |Prior financial year|||||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||funds|funds|| ||||2021|2021|2021| |||Notes|E||| |Income from:|||||| |Donations|||45,660|18,590|64,250| |Charitable
activities|||101,960|181,408|283,368| |investments|||25||25| |Total income|||147,645|199,998|347,643| |Ex endit
e on:|||||| |Raising funds|||4,483|3,453|7,936| |Charitable
activities|||||| |Gallery and Exhibitions
Education
Programme|||133,352|77,467
25,838|210,819
25,838| |Total charitable
expenditure|||133,352|103,305|236,657| |Total expenditure|||137,835|106,758|244,593| |Net incoming
resources|before transfers||9,810|93,240|103,050| |Gross transfers
between|funds||(360)|360|| |Net income for the year/|||||| |Net movement
in funds|||9,450|93,600|103,050| |Fund balances at 1 April 2020|||68,830|96,285|165,115| |Fund balances at 31 March 2021|||78,280|189,885|268,165| ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Notes||||| |Fixed assets|||||||| |Tangible assets|||12||49,726||50,687| |Current assets|||||||| |Debtors
Cash at bank and|in|hand|13|4,690
314,191||19,279
211,418|| |Creditors: amounts||falling due within||318,881||230,697|| |one year|||14|(62,850)||(13,219)|| |Net current assets|||||256,031||217,478| |Total assets less current liabilities|||||305,757||268,165| |Income funds|||||||| |Restricted funds
Unrestricted
funds|||17||190,816||189,885| |Designated
funds|||18|29,769|||| |General
unrestricted||funds||85,172||78:,280|| ||||||114,941||78,280| ||||||305,757||268,165| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|| ||||general|general||| ||||2022|2021|2021f|2021| |Donations|and|gifts|788|1,826||1,826| |Local Authority||Funding|500|5,834|1,'8,590|24,424| |Donated|goods|and services|118,000|38,000||38,000| ||||119,288|45,660|1!8,590|64,250| |||||||||mm|mm| |---|---|---|---|---|---|---|---|---|---| |DO|||||||||Dl| |||CO(0||||||Cr'~0|| |CI||CI
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g| ## ## ## ||||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---|---|---| ||||||||funds|funds| ||||||||general|general| ||||||||2022|2021| |||||||||f| |Interest receivable||||||||25| |Raising funds||||||||| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||funds|funds||funds|funcls|| ||||general|||general||| ||||2022|2022|2022|2021|2021|2021| |Fundraisin|and|ublicit||||||| |Fundraising|agents||19,082|880|19,962|4,483|3,453|7,936| ||||19,082|880|19,962|4,483|3,453|7,936| ## ## ## |||Gallery and|Education|Capital|Total|Gallery and|Education|Total| |---|---|---|---|---|---|---|---|---| |||Exhibitions|Programme|Campaign|2022|Exhibitions|Programme|2021| |||2022|2022|2022||2021|2021|| ||||||||E|| |Staff costs||99,852|11,271||111,123|92,260|11,080|103,340| |Materials|and|||||||| |Documents||3,456|||3,456|1,886|6,238|8,124| |Operating||||||||| |costs||44,199|21,623|144|65,966|30,908|6,680|37,588| |Marketing||91,474|||91,4?4|21,082|150|21,232| |Artists Fees||10,000|1,350||11,350|6,250|950|7,200| |Evaluation|||1,250||1,250|3,200|300|3,500| |||248,981|35,494|144|284,619|155,586|25,398|180,984| |Share of||||||||| |support costs||||||||| |(see note|8)|||||||| |||84,320|120||84,440|54,056|440|54,496| |Share of||||||||| |governance||||||||| |costs (see||||||||| |note 8)||923|||923|1,177||1,177| |||334,224|35,614|144|369,982|210,819|25,838|236,657| |Analysis||||||||| |by fund||||||||| |Unrestricted||||||||| |funds-||||||||| |general||210,508|||210,508|133,352||133,352| |Unrestricted||||||||| |funds-||||||||| |designated||59,258|||59,258|||| |Restricted||||||||| |funds||64,458|35,614|144|100,216|77,467|25,838|103,305| |||334,224|35,614|144|369,982|210,819|25,838|236,657| ## ## |8|Support costs||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2022|Support|Governance|2021| |||costs|costs||costs|costs|| ||||||F|F|| ||Staff costs|5,601||5,601|2,708||2,708| ||Depreciation|960||960|967||967| ||Support costs|39,764||39,764|37,107||37,107| ||Web Design|38,115||38,115|8,424||8,424| ||Gallery development||||5,290||5,290| ||Independent||||||| ||Examination||923|923||1,177|1,177| |||84,440|923|85,363|54,496|1,177|55,673| ||Analysed
between||||||| ||Charitable
activities|84,440|923|85,363|54,496|1,177|55,673| ## ## ## ## ## |The average
monthly
number
ofemployees
during the y|ear was:|| |---|---|---| ||2022|2021| ||Number|Number| |Management
and Administration||| |Gallery and Exhibitions||| |Employment
costs|2022|2021| |Wages and salaries|114,710|128,130| |Other pension costs|2,914|1,651| ||116,724|129,781| ## ## ## |12|Tangible fixed assets|Tangible fixed assets||||| |---|---|---|---|---|---|---| |||||Leasehold|ITequipment|Total| |||||improvements||| ||||||E|| ||Cost|||||| ||At 1 April 2021|||47,793|6,317|54,110| ||At 31 March|2022||47,793|6,317|54,110| ||Depreciation|and impairment||||| ||At 1 April 2021
Depreciation
charged||in the year||3,424
960|3,424
960| ||At 31 March|2022|||4,384|4,384| ||Carrying
amount|||||| ||At 31 March|2022||47,793|1,933|49,726| ||At 31 March|2021||47,793|2,894|50,687| |13|Debtors|||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||Amounts
falling due||within one year:|||| ||Other debtors||||4,000|18,590| ||Prepayments|and accrued income|||690|689| ||||||4„690|19,279| |14|Creditors: amounts||falling due within one year|||| ||||||2022|2021| |||||Notes||| ||Other taxation
and social security
Deferred income|||15|2,424
55,000|3,226| ||Trade creditors
Accruals||||1,766
3,660|8,333
1,660| ||||||62,850|13,219| ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |||||||f| |Other deferred
income|||||55,000|| |Deferred|income is|included|in the financial statements|as follows:||| ||||||2022|2021| |Deferred|income is|included|within:|||| |Current|liabilities||||55„000|| |Movements
in the year:||||||| |Deferred|income at|1 April 2021||||| |Resources deferred||in the year|||55.,000|| |Deferred|income at|31 March|2022||55,,000|| ## ## |~l
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(DO.,||| ## ## ## ||Movement||Movement|in funds||| |---|---|---|---|---|---|---| ||in funds|||||| ||Incoming|Balance at|Incoming|Resources||Balance at| ||resources|1 April 2021|resources|expended|31|March 2022| |||||||E| |Arts Council England - Culture||||||| |Recovery Fund|||89,027|(59,258)||29,769| ||||89,027|(59,258)||29,769| ## ## ## ||||||Website Design|| |---|---|---|---|---|---|---| ||||||2022|2021| |Culture|Shock|Media|Limited|(PAllison)|41„608||