Charlty rogl8tratlon number 1154301 Company reglstrallon number 8584273 (England and Wales) PECKHAM PLATFORM LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 'APFTTMQB* .1 i31.1.ii2024 :. -COMF¥ANIES FfousE •ADEHUDRKry 2511012024 COMPANIES HOUSE A19
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PECKHAM PLATFORM LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trnslo•8 Phil Allison Hannah Clayden Tobi Kyeremateng Zelie Walker Diego Palencia dè Sarfta 8eloved Adonai (interim Chalrperson) (Appolnted 16 Juty 2024) Secretary Vacant Charlty numb•r 1154301 Company number 8584273 Prln¢lpal addrqss Quay House Klngs Grove. 2c Peckham Plafform Peckham London SE15 2NB R•gl$t•fOd offl¢• Quay House Kln9s Grove, 2¢ Peckham Platform Peckham London SE15 2NB Independ•nt •xamln•r Warner Wllde Llmlted 4 Marigold Drive Bisley Woklng Surr8y GU24 9SF
PECKHAM PLATFORM LIMITED CONTENTS Page Chalrperson's statement Trust88s' report Indapendent examinerf$ report Statement of finanaal actlvbtles Balanc8 sheet 10 Notes to the financlal statements 12-26
PECKHAM PLATFORM LIMITED CHAIRPERSON'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Peckham Plafft)m's seventh off-sit8 year has been marked by sustained resilience. focus, ambilion, and commitment. The team has continued lo deliver meaningful, locally*mbedded, and nationally significant projects that define us, while also making significant progress on our Capital project in Peckham Square. Our programme of activities is deeply connected to our core commitments.. collaborating With communlties. supporting socbally engaged artlsts, and ¢hamploning soclal arts practlce. This work is more vital than ever, as people and communrties seek to connect and Ihrive locally. Peckham Platform's embedded programme is cross-generational and firmly rooted in an array of expansive aims and outputs centred on Peckham's hyp8r-locality. Thls year. we are exaled to celebrate our successful collaboratSons with a diverse range of community groups and schools. Including Southwark Youth Justice Service, Inspire WavOrth, Hlghshore, and Harris Peckham Park Primary. Our Youth Platform has conllnued to thrive, offering emerging artists the ¢han¢e to Co-produce projects with youn9 people. creating clear pathways into the creative industries and higher educats'on. We ar6 thrilled with the progress of our Capital programme and arè on track to èstablish a new permanent home on the Square In 2026. Thls new space will be a transformative cultural haven for our communities and a beacon for socially engaged art$ practice. 11 marks an exhllaratlng mllestonè In our organisation's journey, 81gnificantly elevatlng our profile and potential. Wg are profoundly grateful for the unwaverlng support from Southwark Councll. fundefs, and partners. which has enabled us lo confidently advan¢e with the project's adapted timeline. A heartfelt thank you 908S to our dèdicated staff and board. volunteers. freelancers. participants, communities, partners, and fundgrs for their enthusiasm and engagement. Together, we are forging an exciting future for Peckham Plaffofm! Int•rlm Chalr Ito 19 S•pt•mb•r 2024), H•l•n Tov•y
PECKHAM PLATFORM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tNstees present their annual report and financial statements for the year 8nd8d 31 March 2024. The financlal statements have been prepared In accordanc8 wllh the accountlng pollc185 set out in note 1 to the financial statements and comply with the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable lo charitles preparfng ihelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". Objectivos and activilies Peckham Platfom's purpose Is to create meanlngful and accesslb18 soclal arts practice for Peckham and beyond. Estsblished in June 2010 as Peckham Space Ltd, we formally registered the new name Peckham Plaffomi on 29 April 2014 (a requlrement of the transilion from our founding institution. University of the Arts London}. The charivs art gallery and physlcal presence at the heart of Peckham Town Centre (London SE151 has been dosed since 2017 due to the redevelopment of Peckham Square. When completed. the new space will have more space and better facilities in which to host our free publlc programm8 produced In partnershSp with our communlty partners. Until the new buildln9 is complete Peckham Plaffomi will create and display work off-site, in different venues across Peckham and wider London. Our prole¢ts engage a range of community partners. including loral residents and young people. Each group takes part In a collaborative co-commissionlng process that encourages active engagement in cultural production al the gallery and off-site during this period of transition. Through this dynamic programme P8ckham Plarform increases access to cultural resources for a range of beneficiaries including elders and SEN schools as well as providing educational activity and progression routes for local young people. Our specific charitable objectives are.. The establishment and maintenance of an art gallery for the exhibition to the public ol modem and historical fine art, d8Slgn and applied art and work done by slud8nts, young people. emergln9 artists and local communltles., b. The promotion and encouragement ol Ihe educatlon of the publlG in the arts, both In the gallery and elsewhere; c. The commissioning of location-specific art¥vorks made In partnership with community groups,. d. The encouragement of progression routes for young people into creative higher education,. e. Increasing access to cultural and educational activity in the London borough of Southwark and throughout Greater London. The trustoos present their report and financlal statements for the year ended 31 March 2024. Publ1¢ b•n•flt The Iruslees hav8 paid due regard to guIdar8 issued by the Charity Commission in decidin9 what aclivities the charity should undertake. Achl•v•m•nts and performanrA Peckham Plattorm delivered a¢livitie8 of public benefit that furth8red our charilable objectives during the year Aprll 2023 lo March 2024 as outlln8d in this section of our report. In summary. we have: 1. Used our seventh year wlthoul a dedlcated gallery space to present and develop our off-slte wort<. und8rtaking community partnerships to support this ambition. 2. Demonstrated ongoing Commitment lo placing the voice of the artist and of young people at the heart of our organisation by recruitlng dedlcaled Youth Trustee posltions.
PECKHAM PLATFORM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Co•¢ommis$ioned Exhibition Programma Peckham Plaffonn's wommissioning model is a distinciive feature that sets the or9anisation apart. This model adlvely engages diverse local communities through a genuinely collaborative process. For each commission, Peckham Plaffomi partners with a segment of Ihe local community lo jointly identify and refine the thames that artlsts wlll explore. co4ev8lop brlots. ctrselect artlsts, and maintaln a lolnt decisionwmaking process throughout the project. The organisation's role is primarily one of facilitation and nurturing, ensuring that thè community remains actively involved in the commission. This approach promotes sustained engagement from the initial stages through to the eventual creative oulcornes, whether they manifest as exhibilions, installations. or events. Through thls collaborallve model, Peckham Plafform not only losters a deeper ¢onnoctlon between artls18 and the community but also enriches the cultural landscape by ensurin9 that the artistic output resonates with local experiences and aspiralions. In 2023-24 Péckham Plafform reached more than 30,000 audiences through public realm works and p8rfomance$. There were a comblned total of 8 commissions of new afvorks and resources of which 2 permanent Community embeddèd public realm art works and a performanc8 piec8. Throughout our programming. we have centred the ambition of encouraging residents to meaningfully contribute lo thè future of the area, wllh partlcular lo¢us on those excluded from the declslon making process. As an organisation that cenlres collaboration, it was important lo us to find out whal our Communities want and need from their public realm and built environment. We were able to further dev8lop comrnunlty led cultural practlce through Rye Lane Reconnected, an intergenerational and community-led crealive programme that wllhln a context of significant inequality In Peckham worked to support engagement and collaboration beeen leading social artists, residents and frontline community groups to collaboratsvely commission and create athvorks for Peckham's hlstoric and iconic Rye Lane. Wlth support from Arts Councll England. Art Fund, Culture Together. Cleaner Green8r Safer, Neighbort)ood fund, London Borough of Southwark, United St Saviours and the Grocers, Charity our 2023-24 programme has been a continuation of our work and leamings from Tilling the Mirror. (2019-2022), which saw the desirè amongst our communities lo reclaim Peckham's public spaces and lovingly activate Ihem through celebration, thoughrful dlscourse and creative Interventions. In 2023-2024, we strove to connect stories. heritage and place to create an ambitious. thoughtful and laughter filled programme as expressed through: The presentation of Body Arcana (Homebuilding>. a performance on Peckham Squar8 by Lesley Asare and Draw Slnclair. Co-developed with young people from South London Refugee Associats'on. the performance offered space for communion and critical enqulry through our connections to home wherever we may be. Homebuildin9 was part of Ihe 2023 London Gallery Weekend In collaboration wlth UP Projects. The weekend brought tog8ther 130 01 London's leadin9 contemporary gallerles attractlng local resldents and audiences from a¢ross the city to Peckham square. Thè installatlon of a series of Ihre8 new vibrant and sensltlve site responslve public art works, 1.8.. works that lell a story about the history of the locations in which they are based. Two of these artworks. Sunshines in the Ends by Meera Shakti Osborn8 and Supported Love Reaches All by Tyreis Holder are free to access in the heart of Peckham at Sky Shopping Clty and Rye Lane Market, whlch so far have been experlenced by over 12.000 vlsltors. Each of these works would not exist without the contribution of our partners, elders from Golden Oldies and young people from Southwark's Youth justi Service (SYJS). South London Refugee Association {SLRA} and Inspire Walworih who not only informed the themes of the works but actively co4eveloped. ¢tr¢reat8d and co commissioned these outcomes.
PECKHAM PLATFORM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Earfy years sessions supported by Southwark's Culture Health and Wellbeing Partnership using our free Seek Sort Sense activity packs. These packs were designed for children aged 3, their carers and families to enjoy some special outdoor time while finding creative ways to study and enjoy nature and to encourage engagement with green spaces in the area through activitles to be complel8d outdoors and at horne. Learning resources and cross-seotoral sharing through conversations, panels and intemational dialogues. This has been with artlsts sharfng their experiences of commlssloning as a collaborallve process, their connections beeen memory craft and belonglng. and moments of advocacy through steer6ng groups including Southwark's Black Cultural Conversation to better address the issues faced by Black communilies., talks and masterclasses hosted by Aesthetica, South London Gallery and New Town Culture, Southwark Design Dlstrlct and The Affordable Art Falr to sknw how we Can embed Care Into creatlve pradlce and the built envlronment. L•arnlng Youlh Plamorm Our youth programme, Youth Platform. engaged young people agod beiween 16-22. particularly supporling those who ara underrepresented in the arts lo realise Ih8ir creativ8 ambitions. This year Peckham Platform's Youth Platform was awarded lunding from the Art Fund. Neighbourhood Fund, Grocer5 Trust lo continue our work with young people, ensuring those who were particularly affected by the crisis were offered creative and wellbeing support. Youth Platform has expanded lo include communlty partnerships to enable reach and impact lo young people who might not otherwis8 have an awareness of opportunitles or Ihe confidence lo particSp8te in arts and cultur8. In 2023-24, we delivered 20 sessions in total, through a series of arts'sl-led workshops to Go4evelop new publlc realm artworks. Our new partnerships with South London Refugee AssocSatlon, Soulhwark Youth Justice Service and Inspire Walworth connected opportunities to young people wlth experien¢e of the migration system In 2023. Through working in co48velopment with young people, our youth-lnilialed programme has also platformed youth voice, givin9 ovèr space for young people to load events and projects Ihal diTgclly relate to thèir Interesls. This has Included talks, panels and celebratlons to l¢)ok al the Impacts of regeneratlon and gentrlfication In Soulhw8rk. ArtAward$ The Arts Awards pmgram Is designed to cultlvate the Interests, knowledge. and skllls of partlcipatlng students through active engagement in the arts. This includes revièwlng their èxperiences and reséarchlng the careèrs and works of artlsts or craftspeople who inspire Ihem. Students created their own portlollos. utlllsing audio, vldeo. writing. and pholography to enhance Ihelr planning and Communication skills, The Arts Awards initiatlV8 was hlghly appreciated by the bhTO participating schools. Staff rèported that the project significantly supported both their own and the students, well-being, mental health, and learning progress. Peckham Plarform delivered 23 sessions reaching 29 students who reGeived Explore. Bronze, and Silver level Arts Awards. Notably, 83.kn of students who provided feedback expressed a desire to continue with artased learning beyond the Arts Awards program. Communlcatlons This yéar, we have contlnued our off-site inits'atives In dlverse contexts. experimenting with new approaches and forging new partnerships to achieve excellent communication outcomes. Our social medla presence remains robust, engagin9 relevant audiences, and amassing a tolal of 89,000 followers and subscrlbers. Additlonally, we have established productive partnerships with olher cultural organisations for our sodal media campaigns, allowing us to a¢¢ess new audiences and mutually support each other's work.
PECKHAM PLATFORM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial review Peckham Plafform's finances are robust and managed effectively. While incoming resources for the year Increased by £158,297 to £531,821 compared lo the previous year due to very significant gifts In kind during the year, 8xpenditure increased by £109,973 to £493,715 we maintained a surplus of 24,156. Our financial position has been bolstered by gifts in kind of professional fees and advertising of £274,000 (2023: £135.000>. Our total reseThi8s remaSn bouyant at 3113124 are £155.996 (general), £29,769 deslgnated and £120.375 restrlcted funds. The reserves are represented by current assets of £272,922 fixed assets £53.991. and creditors of £(20,773). 11 is the policy of the charity that unrestricied funds which have nol been designaled for a 8pecifK use should be maintained at a level equivalent to beween three and five month's staff and overhead expenditure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able lo Continue ihe charity's Current activities while consideration is given to ways in whlch additional funds may b8 raised. This Is the level of reserves, which the Trustees will work towards achieving In future perlods. Public 8enefit The trustees have assessed the major risk$ to which the charity is exposed, and are satisfied that systems are In place lo millgate exposure to the major risks. Malor rl8k• The trustèes have assessed the major risks lo which the charity 18 exposed, and are satisfied that system8 are in place to mitigate exposure to ihe major risks. Plans for futur• p•rlod$ Progress is being made tOW8rd launching our new home and venue on Peckham Squafe, In partnership wlth the London Borough of Southwark (LBS). whi¢h has Committéd si9nificanl investrnent lo the project. This new curtural and creative centre will be cenlfal to Peckham Platfom's ambitious vision, enabling expanded activiti8$, broader audignces, and increased participation opportunities. Our aim is to enhance our abilty to provide transformational artistic opportunities for communities in Peckham and beyond, partlcularly those lacing Ihe greatest need. The redeveloped gallery will offer a pemianent. W8lcomlng, and r8silient home for our Innovatlv8 creative programme. building on over a decade of leadership in social art. To realise this vision, we are actively worklng to secure additional funds lo match LBS'S commitment. ensuring Ihe creation of a new Peckham P18ffom that meets our future ambitlons for the benefll of all our audiences. In the comlng year. we will place a combined emphasls on our Capltal Community Consuttalion programme and our Public Commissioning programme. These Initiatives will engage artists and community Stakeholders who represent the diverse communllles serrfed by Peckham Plaffomi. We will maintain a strong focus on partnershlps, both by foslerlng new collabofations and deepenlng exlsting ones. Additionally, we wlll contlnue to explore and Implement stralegies to reach and engag8 with a variety of audiences. Peckham Platfomi has developed a strong partnership wilh LBS, which is vital to thè Charity's long-term future on Peckham Square, thls partnership which is slrengthoned by a 15-y8ar lease for the new venu8. Peckham Platfom Is commltted to ensuring that a changing Peckham is responsive to all of ils Communities and will work to highlight the voices of those that can be rnarginalised within the framework of reg8n8ration. The organisations, c commissioning model will continue to be essential for the development of meaningfijl artistic responses from loral communities. Work will continue with local groups and arts organisalions and deliver strategic commissions.
PECKHAM PLATFORM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Stru¢turei governance and management Th8 charty is a company limited by guarantee. The trustees, who are also the directors for the purpose of company law. and who served durlng the yeer and up to tr date of signature of the financial statèrnents were: Phil Allison Hannah Clayden Tobi Kyeremateng Harold Offeh Helen Tovey Kirsty stober Daniel Castro t>0 Nasclmento Zelie Walker Diego Palencia de Sarria Beloved Adonai (inlerim Chairperson) (Resigned 13 March 2024) (Resigned 19 September 2024) (Resignéd 13 March 2024) (Resigned 13 March 2024) {Appointed 16 July 2024) Board Indu¢tlon and dov•lopm•nt Our Trustee$ durtng 2023-24 were under the age of 49, with 370A aged between 20-34. 38Yo Identify as Black African and 620A as White British. We are taking continued steps towards fully embodying our diversity and Incluslon ambilions throughoul the organlsatlon. from governanc8 8nd finance to our programmlng and 18arnlng offer. Board induction includes.. a. A one-to-one meeting with the Directors to share our vision, mission and business plans b. A one-tOwon8 meeting wlth the Chair lo identify areas of particular interest, personal dev8lopm8nt goals and knowledge and 8XP8fi8nc8 that wlll be particularly valuable to Peckham Platform c. A one-toryone meetlng with the Chalr and the Dlrectors to explore relallonshlps and contacts and how Ih8y mlght be introduced to the work of Peckham Platfom over time. d. The Charlty Commission guidelines on being a trustee and training e. Full limetable of board, subcommlttee and events. f. A copy of our Trustee code of conduct and confllcts of interest policy g. A copy of thè Peckham Plaffom Memorandum and Articl8s Includlng our charltable oblects. h, Safeguarding, Equality and Incluslon policy. Antl.ra¢lsm pledge and resources Financial challenges are a central consideration in running 8 new chanty. Reflectlng thls, there are subcommlttees ol the board whlch Include: a. Finance and General Purposes Subcommittee b. Fundraising Subcommlttee {Capltal and Fundraising Subcommittee from 2018). The board also mobilises working groups to provide appropriate support to the team on particular issues. Thls year these have included groups to work on business plan and c041esign development. Managemenl The Charity's day-to4ay management was delegated lo the Artistic Director Nepherbli Oboshie Schandorf and th8 Executive Director. Karin Kihlberg Rl•k Managemont The Trustees have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. On behalf of the board of trustees f4 Beloved Adonal Chalrperson 25 September 2024
PECKHAM PLATFORM LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PECKHAM PLATFORM LIMITED I report to the trustees on my examlnation ol the ffinanclal stslements of Peckham Plaffom) Llmited (the chaiity) for tho yoar •ndod 31 March 2024. Regpon•lbllltlo8 Ind of r•port the trustees of the charlty land al80 Its dliectorn for the purp08es of company law) you are responslble for the preparallon of the financlal statements in accwdance wlth the requirements of the Companie8 Acl 2006 (Ihe 2$)06 Ad). Havlng 80110flod myself Ihat the flnandal Blalemenls ol the chaffti are not r¢qulred to be audlled under Part 18 of the 2006 Act and are eliglblo for Independent examlnallon. I report In respect of my examination of the charlty's financlal 8tatem8nt8 camed oul under 6ectlon 145 of the Chorllieg 2011 (the 2011 Act). In carrylng out my 6X8nnallofi I hove followed all the appllcablo Dlreetlons gfven by th? Charlty Comm1881on under 8ecllon 14515)Ib) of the 2011 ALt. Indopondont oxamlnef8 8tatement Slnce Ihe charlty'8 gros8 Income exce•dod £250.000 your examlner must be a member of 8 body Ilsted In soctlon 145 of tho 2011 Act. I confimi that l am qualified to undertake Ihe eXamInaon bKause l am a member al Iho A88ocIAllon of Chartered Certbfied Accountants, whith18 ono ot the Il•ted bodles. I have completed my examlnallon. I conflrm that no matter8 have ¢omo to my attentlon in conneGtlon with the •xamlnatlon glvlng me causè to bellevè thot In any materlal r88pect'. a¢¢ountlng records were not kepl In raspect of the charty as requlred by 8ectlon 386 01 the 2006 Act,. or the finando18tslèmèn18 do not 8ceord wlth Ihosè r•cord&; or the finan¢lal stslements do not comply wlth the a¢untIng requlremen18 01 secllon 396 01 the 2006 Act other th8n any requlrernont that tho account8 glvo a true and f4lr ¥lew whlch Is not e matter considerad •8 Part of an Independent examlnatlon,. or the flnanc181 $iatement8 have noi been prepared In 8¢cordanca wllh the method8 and prlnciples of the statemènt of Recommendéd Pracll¢e for accounllng and reporn9 by ¢harltle$ appllGable to ch8rlll•8 preparfng thelr account$ In accordance wlth the Flnanclal Rèportlng Stsndard appll¢able In the UK and Repubmc of Ir•land (FRS 102). I hav• no nceM$ and have come acro81 no other mattern In connectlon with th• oxaminallon to whSth attentlon should b• drawn In thls report In order to •nable a proper understandlng ol Ihe flnanclal $18temenl$ to be reached. F J Wlde FCCA OChA Warner Wllde 4 Marl9old Drlv8 Blsley Woklng Surrny GU24 9SF
PECKHAM PLATFORM LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Curr•nt flnanclal yoar Unrestrlcted Unre8trlctod funds funds genèral da81gnated 2024 2024 Restrlctsd funds Total Total 2024 2024 2023 Notss Incom• from: Donations and legacles Charitab18 activities Investments 274,229 158,927 2,349 274,229 255,243 2.349 135,778 237.313 433 96,316 Tolal Incom• 435,505 96,316 531.821 373.524 ExndIture on: Raising funds 13,950 13,950 13,525 Gallery and Exhibits'ons Education Programme 401,508 1,675 90.532 492,040 1,675 378,315 5,457 Total charltabl• •xpondllur• 403.183 90,532 493,715 383,772 Total •xp•ndltur• 417,133 90,532 507,665 397.297 Not In¢ornol(oxpondltur•) 18.372 5.784 24,156 (23,773) Net movement In funds 10 18,372 5,784 24.156 (23,773) Reconciliation ol funds: Fund balances at 1 Aprll 2023 137.624 29,769 114,591 281,984 305.757 Fund balance8 at 31 March 2024 155.996 29,769 120.375 306,140 281.984 The statement of finandal a¢tlvllles Includes all galns and losse$ racognised In the year. All incomg and expendlture derive from continuing activlties.
PECKHAM PLATFORM LIMITED STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestricted Unrestrlct•d funds funds gonoral do•1gnat•d 2023 2023 Restrietsd funds Total 2023 2023 Notes Incom• from: Oonations and legades Charitable activities Investments 135,778 127.158 433 135.778 237.313 433 110,155 Total income 263,369 110.155 373.524 Expondltur• on: Raising funds Gallery and Exhibitions Education Programme 13,525 220.875 13,525 378,315 5.457 157.440 5,457 Total expondlluro 234.400 162,897 397,297 N•t Incomo1{expendltur•) 28.969 (52.742) (23,773) Transfers between funds 23,483 (23,483) N•t mov•ment In lunds 10 52,452 {76,225> {23,7731 Reconclllatlon of funds: Fund balances at 1 April 2022 85,172 29.769 190,816 305,757 Fund balanc•8 at 31 March 2023 137,624 29.789 114,591 281,984
PECKHAM PLATFORM LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Flx•d a88•ts Tangible assets 15 53.991 54,883 Curr•nl ass•ts Debtors Cash at bank and In hand 16 42.341 230,581 83,639 246.602 272,922 330.241 Creditors: amounts lalllng du• wlthln one year 17 (20.773) {103,140} Not curront ass•ts 252.149 227,101 Total assats ¢urr•nt Ilabilitlas 308,140 281.984 The funds of th• charlty Restricted Income funds Unrestrided funds - general Unrestricled fund5 - designated 120,375 155,996 29,769 114.591 137.624 29.769 21 306,140 281.984 The company Is enlltled to the exemption from th8 audit roqulrement contained In Section 477 of the Companles Aci 2006, lor the year ended 31 March 2024. The dir8Ctors acknowlèdge their r8sponsibilities for complying vAth the requirements ol the Companles Act 2006 wilh respect to a¢¢ounting records and the preparation of financial slalements. The members hav8 not r8quifed thg company to obtain an audlt of Its financial statements for the year in que$llon I accordance with section 476. These flnanclal statements have been prepared In accordance with the provlslons applicable to companles 5ublecl to the small companies regime. The financlal statements were approved by the trustees on 25 September 2024 Belovad Ado Tru•t•• Company registration number 8584273 (England and Wales) 10-
PECKHAM PLATFORM LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Mot•s Cash flows from opèrating activltlos Cash absoed by operations 24 (18.370) (61,9731 Inv88tlng a¢llvltlo8 Purchase of tangible fixed assels Investment income received (6,048) 433 2,349 Nel cash generated froml(us•d In) Investlng aclivities 2.349 {5.615) N•t cash uud In flnanclng actlvltl•• Net d8er•au In cash and cash equlval•nts (16.021) (87.588) Cash and rash equSvalents at beginning of year 246.602 314,191 Cash and ¢a$h •qulval•nts at •nd of y•ar 230,581 246,602 11
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charfty Informatlon Pe¢kham Plarform Limited is a private company limited by guarantee incorporated In England and Walès. The registered office is Quay House, Kings Grove. 2c Peckham Platform. Peckham. London. SE15 2NB. 1.1 Accountlng convontlon The financial statements have been prepared In accordance with the charitys govemlng docurnent, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 8pplicabl8 in the UK and Republic of Ireland (FRS 1021 (eff8Ctivo 1 January 2019>" The charity is a Public Benefit Entity as d8fined by FRS 102. The financlal statements are prepared In sterling, whlch Is the functlonal currency of the charlty. Monetary amounts in these financial statements are rounded to the nearest £. The ffinancial statements have been prepared under the historical cost convention. The princSpal accounting policl8s adopted ar8 Sat out below. 1.2 Golng concem At the time of approving the financial statements. the Irustees have a reasonable expeclation that the charity has adequate resour¢e$ to continue in operatlonal existence for the foreseeable future. Thus the trustees continue lo adopt the going Concern basls of arxountlng in preparing the financial stateménts. 1.3 Charltablè fund8 Unreslricled funds are avallabl8 for uso at the dlscretlon of tho trusleos In lurtherance of thelr charllablo objectlves. Rastrlcled funds are subject to speafic condllions by donors or grantors as to how they may be used, The purposes and uses of the restricted funds are set out In the noles to the financlal slalemènts. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the ¢harlty. 1.4 Incom• Income is recognised when the charity is legally entitled to it after any perfomiance Conditions have been met. th8 amounts can be measured rellably, and it is probablo that income will b8 received. Cash donations are recognised on receipt. Other donattons are recognised once the Gharity has been notified of the donation, unless performance condilions require deferral of the amount. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenanl is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known, and receipt is expoded. If the amount is not known, the legacy is treated a5 8 contingent asset. Tumover is measured at the fair value of the consideration received or receivabl8 and represents amounts receivable for goods and services provided in the nomal course of business. net of discounts. 12-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢lo$ (Conllnued) 1.5 Expendlturn Basic financial liabilities. including creditors and bank loans are inits'ally recognised at transacts'on price unless the arrangement conslitules a financing transaclion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Flnancbal Ilabllitles classified as payable within one year are not amortlsed. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or servlces that have been acquired In the ordlnary course of operations from suppliers. Amounts payable are classif18d as current liabilities if payment is due within on8 year or less. If not, they are presented as non<urrent liabilities. Trade creditors are recgniSed initially at transaction price and subsequently measured at amortised cost using the effective interest method. Overheads are apportioned lo activities on a reasonable basis for example. hours engaged in dlffer8nt activities lor staff costs or lloor area for premlsgs costs. Irrecoverable VAT Is allocated in th8 same way as the cost vthich il is assoclated wlth. 1.6 Tanglbl• fix•d •88Ot• Tanglbl8 flxed assets are initially measured at cosl and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful IIv88 on th8 following ba8e8'. IT equipment 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the 81atement of finanryal activities. 1.7 Impaimient of fixed a$set• At each reporting end date, the charity reviews ihe carrying amounts of its tangible assets to detemiine whether there Is any indication that those assets have suffered an Impairment loss. If any such Indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimienl loss {If any). 1.8 Cash and cash oqulvalenls Cash and cash equivalents include cash in hand. deposits held at call wilh banks. other short-term liquid investments with original malurilies of Ihree months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In current Ilabllltl8S, 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financi81 Instruments Issues, of FRS 102 to all of ils financial instruments. Financlal Instruments are recognised in th8 ¢harlty'S balance sh88t when the charlty becomes party to the contractual provisions of the instrument. Financial assets and liabilities ar8 offset, with the net amounts presented in the financial statements. when Ihere is a legally enforceable right lo set off the recognised amounls and there is an intention to settle on a net basls or to realls8 the a55et and settle the liability simultaneously. 13-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢¢unllng pollcl08 IContlnu•d) Baslc flnanclal assots Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective Interest method unless th8 arrangement constitutes a financing transaction, where th8 Ifansaction is measured al the present value of the future receipts discounted al a market rate of interest. Flnancial assets classlfled as recelvabl8 Within one year are not amortised. 8asl¢ flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless th8 arrang8ment conslitules a financing transa¢lion, where the debt instrument is measured at the present value of the future payments dlscounled al a market rate of Interest. Flnanclal Ilabllltles classlfi8d as payable wlthin one year are not amortised. Debt Instruments are subsequently carr6ed al arnortlsed cost. U51ng the effective Interest rate method. Trade credItS are obligatsons to pay for 9oods or seDiices that have been acquired in the ordinary course of OP8ratlons from suppliers. Amounts payable are classified as current liabilities If payment is due within one year or less. If not, they are presented as nonwcurrent liabilities. Trade creditors are recognised initially at transaction pric8 and subsequ8ndy measured at amortised cost using the effective interest method. Derncognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's ¢ontra¢lual obligations expire or are dlscharged or canc8118d. 1.10 Employee boneflts The cost of any unused hO.daY entitlement is recognised in the period in vthich the employee's services are received. Termln8llon benellts are recognlsed Immediately as an expense when the charlty Is demonstrably comrnltted to terminal8 the 8mploym8nt of an èmployee or to provid8 tennination benefits. 1.11 Retlrement beneflts Payments lo defined conlribution retirement benefit schemes are charged a8 an expense as they fall due. Crltlcal accounllng 08tlmates and Judgements In the applScation of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consld8red to be relevant. Actual results may dlffer from th8S8 8Stlmates. The estimates and Undering assumptions are reviewed on an ongoing basis. Revisions to acwunling estimates are recognised in the period in which the estimate is revised where th8 revision affects onty that period, or in the period of the revision and futuro periods where th8 revision affects both current and fiJtur8 periods. 14-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unre$trlcted funds 2024 Unr•strlctod funds 2023 Donatlons and gifts Donated goods and servlces 229 274,000 778 135.000 274,229 135,778 15-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO) FOR THE YEAR ENDED 31 AIARCH 2024 Ch•rll•bl• ac¢lvStl 0411•ry ind ixhlblllpTr• IQ24 edu¢illon Progr•mm• Tolll tsall•ry4Trd El•110n 2124 EXhIbN$ Pmorwrffl 23 E¥•wn•'• Pl•fforrn T•l•l Pl•Won 2023 2023 Salo of good• PerfOrn8 rd418d granll Olhor Income 2.328 124,380 2,328 234.535 450 150,308 96,316 252.824 2.619 110,156 2,612 450 156,315 96,316 2,612 255,243 126,708 110,155 450 237,313 Anatysls byfund Unr¢61r10d funds- gènèral Reslrtcted funds 156.316 2,612 158,927 96,316 128,708 450 127.158 110.155 96,316 110.155 156,315 96,316 2,812 255,243 126.708 110.155 450 237,313 P•rformanc• related gr•r Art8 Counol England Esmee Falrbalm- Coro Local Trust Th• Portjl Trust Ry• Lon¢ r¢c0nn•cd Art Fund London Bor0h olsoulhw Other 116,308 40,000 116,308 40.I¥JO 76,380 48.0tr) 6,191 82,571 48,0 33,112 115,0001 33,112 15,000 12,r¥)o 4S,000 12,000 45,000 427 55,42S 14271 155,4251 39,318 39.316 156,308 96.316 252.824 124,380 110,155 234.535 'Oth8rt Includ88 Cleaner Grn•n•r Saf•r £7,500. Gffjcern Ch•dty £5,000, LBS Cullw* C8lebraUon £8,7, NeIghirt Fund £4,980. SCHWeP wortshop £600 and St Savlour£12.500. t6-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomo from Invagtments Unrestricled Unr•strietèd fund8 funds 2024 2023 Interest recelvable 2.349 433 Expendllur• on ralslng funds Unr•strlct•d Unr•8trlct•d funds funds 2024 2023 Fundralslng and publlclty Fundraising agents 13.950 13,525 Exp•ndltur• on charllable 4¢Uvltl•• Gallery and Educatlon Exhlbltlons Programm• 2024 2024 Total Gallery and Educatlon Exhlbltlons Programma 2023 2023 Total 2024 2023 Dlr•¢t costs Staff costs Depreciation and impairment Operatlng oists Mark&ting Artists Fees 107,012 107,012 114,299 114.299 172 270,000 71,193 229 172 270.000 72.868 229 301 98,707 120,491 301 104,164 120.491 1,675 5,457 448,606 1,675 450.281 333,798 5,457 339.255 Share of Support and governonce costs (see note 9) Support 43,107 Govèrnance 327 43,107 327 43,213 1,304 43,213 1.304 492,040 1,675 493.715 378,315 5,457 383,772 Analysls by fund Unrestricted lunds - general Restricted funds 401,508 90,532 1,675 403.183 90.532 220,875 157,440 220,875 162.897 5,457 492,040 1,675 493.715 378.315 5,457 383.772 17-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 D•scription ol ¢harltablè actlvltié$ Galle and Exhlbitions Exhlbltlon Successfully delivered six exhibitions that deepened our partnerships with cultural organisations as well as community groups including those in sludent, local and youth. ramm Consolidated an embedded learning programme of free creativ8 activlty withln all our public exhibitions and delivered our first Youth Platform exhibition. dedicated to collaborative cultural production with young people from Southwark aged 13 - 19 years. Support costs allocated lo actlvftlès 2024 2023 Staff costs Depreciation Support costs Governance costs 1,614 720 40,773 327 1,971 892 40,350 1,304 43,434 44.517 Analyud bolween: Gallery and Exhibitions 43,434 44,517 2024 2023 Governance costs comprlse: Independent Examination Board meetings 1,164 140 143 327 1,304 10 Net movomont In lund• 2024 2023 The net movement In funds Is stated after chargingl{credltlng): Depreciation of owned tangible fixed assets 892 892 11 Truste•• None of the trustees (or any person$ connected with them) recetved any remuneration during the year, or were reimbursed expenses. 18-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employèos The averag8 monthly number of employees during the year was: 2024 Number 2023 Number Management and Administratlon Gallery and Exhibltions Total Employm•nt ¢o$ts 2024 2023 Wages and salaries Social security costs Other pension costs 102,072 4,524 2,030 114.189 2,081 108.626 116,270 There were five (2023.. eight} employees during the year none (2023.. none) of whom were full tirne. Three (2023: slx) of the employees did not Vrk for Ihe whole of the accounting period. There were no employees whose annual remuneratlon was more Ihan £60.01)0. 13 Taxatlon The charlly lakes advantage of the tax exampiions and concesslons avallable to It by vlrtue of Its reglst6r8d haritable status. 19-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets L•a••hold IT •qulpm•nl Improv•m•nts Total Cost At 1 April 2023 53,841 6.317 60,158 At 31 March 2024 53.841 6.317 60.158 Depreclallon and Impalrnient At 1 April 2023 Depreclation charged in the year 5,275 892 5,275 892 At 31 March 2024 6,167 6,167 Carrylng amount At 31 March 2024 53,841 150 53,991 At 31 March 2023 53,841 1,042 54,883 15 Debtors 2024 2023 Amounts falllng du• wlthln on• y•ar: Othèr debtors Prepayments and accrued Income 41.650 691 82,950 689 42,341 83,639 16 Credltors: amounts falllng du• withln ono year 2024 2023 Not•s Other taxats'on and social se¢unty Deferred income Trad8 creditors Accruals 1.974 90.000 718 10,448 17 1,111 15.722 20,773 103,140 17 Deferred income 2024 2023 Other deferred income 90,000 -20-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Deferred Income (Contlnued) Deferred Income is included in the financial statements as follows: 2024 2023 Dèferred income is Included within.. Current liabilities 90.OIX) Movements in the year: Deférred income al 1 Aprll 2023 Released from previous periods Resources deferréd in the year 90,000 <90,000> 55,000 (55.000) 90,000 Deferred income at 31 March 2024 90,000 18 R•tlr•mont b•n•flt $chom•8 2024 2023 Dèfln•d conlrlbutlon sch•m•• Charge to profit or loss In respect of defined contribution schemes 2.030 2,081 The charity operates a defined contribution pension scheme for all quallfying employees. Th8 assets of the Scheme are held separately from those of the charity In an indèpendently admlnlstered fund. 21
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 R•strlct•d lund• The rnslrktod lundi of lh• ¢h•rfty c4mprf$• lh• un•xwndad balancé$ ollonaffions ind grant$ hdd tyu$l 8ubl•¢t to ip•dfl¢ <*ndon3 by donor8 as to how th8y mwy b• u$•d. At 1 Aprbl 202) Ineomlng R•s•ur¢•s r••¢ur¢ •¥p•nd•d Tr•n•l•r• At 31 Mar¢h 2024 L8S- Cullur8Together Fund SCHWeP Werk8hop LBS Cultural Cel•bratbn Art Fund ¢l¢an8r tsr•¢ngr Safar Neiohbourhood knd 51 Saviour E¥¢ryone'$ Pl8tform Caplt81 Comp8lgTh RIVA IEveryon8B Platferml Art& Council Englend IEvoryon8'5 Waifoml Cockayne FoundalloTh IEvoryone's Plarforml London 8orough of Southwark ICapItl Groc•r5 Charlty 12.000 600 8,736 45,000 7,500 4,980 12,SOO 112,0001 18001 18,7361 145,0001 17,8001 14,9801 18,7181 5,784 24,eOO 30,QOO 5,591 25,000 30,(0 24.000 30.000 5.591 25.000 30.000 5,000 15,0001 114.591 98,316 190.5321 120,37S .22.
PECKHAM PLATFORM LIMITED NOTE8 TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 19 R••irl¢t•d fvnd• Icontlnu•dl Pr•vlous y•ar'. In¢ornln9 R••ow¢• •xp•nd•d Tr•n•l•r• At 31 M•rth 2023 202Z P•ul Htsmlyn Fwnd#llon (Youth Platfoml Art Fund Iyoulh Pl¥Norml Clton¢r Gro¢nèr S8f8r Lofith)n Borough ol Soulhwwk IBlxk Cuttur• C•nlrel Tho Port81 Tru$l Iyouth Platforrnl Evoryona's Plaiftsrm Ca181 Campalgn RIVAIEveryones Platfomil Council Engl8nd IEv•ryon•'& Plarforml Local Trust (Creating CMC Chang81 Cc¢kayn8 Foundation IEveryot)¢'s Plattorml London 8orou9h of Sovlhw8rk (Youth Pl&ttorml London 8orouoh ¢1 Souihw8rk (Hlgh Sl R•covery Fund) London Borough ol Soulhwark (cala1) London Borough •1 Southark ICullur•Togelherl 3,421 3,493 7,807 soo 2,940 24,rpJo 13,4211 13,9201 427 17.807 15tsJl 15.000 117,9401 24,OL 30,QOO 5,591 20.329 56,999 25,000 15,1531 21.480 8,191 33,112 16001 120,3291 25,CQO 5,153 6,82S 30,000 18,600 128,3051 30,000 118,6001 IW,816 110,155 182.897 123,4831 114,591 -23-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2024 19 ft••trtet•d lund• IContlnu•dl Cr••tl¥• Cmc Chin Th& support Irom Creative Clvic Change 8llowed us lo develop our portr8r8Np8 and F4an¥ for a Ihree yoor Intsrgenoratsonal and croas uAtural wloct wlth partners lo tharnpian moaningfvl gnd cr6•ti¥• chang¥ In Peckh•m. Cl•4n•r Gr••Mr 1•1 The 5UPPOrt Iroffl Cleaner Gr8•nér S•f•r •n4bled LSS t) with mMUnIt9$ J¢cqlly ¢Tr th• d•v•Wn•nt of a puNic mlm work on Pothh•m Sqr•. th• d8vdopm•nl olwhlch wès wsipon¢d as 4 result of the wlder r8g8n8r8in of P8ckh8m Square. Th• Pon•1 TN•t Tho Support Irorn th• Portgl Trn81 has allowed us to •xpand our Youth Plallorm WO ¢h 13-19 y•ar olds In SrAAhwark ¢0 d•v•lop thlls, %vNk ¢h oducators and Al8 •nd in¢r88se ourr88eh. Ry• Lan• R•conn•c¢•dlYothh Plallorni T &upport from the Portal Tw81. Charterhou88 Soulhwath. Art Fund, Paul Hamlyn Foundation, Londcn Borough ol Soulhwark and A188mbly Gala has albwld us to •xpand wrArt#Aw•rds Youlh Pl•lio wlh 1>19-y••r4d$ Ir Southw•rl to d•v•>)p ikill•. th whh •du¢•tor• ind •nd in¢w•• our r••rh. Cr••llv• Cofflfflunlty ProJ•¢ts Th8 support from London Community R88pon8• Fund. London Boroullh of SOuthrk IBlick Cullure Cenlrel, Local Trujl, London Borough of SouthwBrk (Hlgh Sl Ro¢ov¢ry Fynd •nd Cl•onar Grear Saf•rl h88 Éllowod us to deloP and déliver Intsfgenèrallonal wogram wllh lecal PArtn•r•. Ev•ryon•'• Pl4rfomi- C•ph41 Ptol•¢i Arts Counc11 England, RIVA and Cockayn• Foundalon enot4ed u& to conllnuo th our F4an8 for tyjf now hom• cfi Peckh8m Squar•. -24-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unro$tri¢ted funds - d•slgnated These are unrestrided funds whlch are materfal to the charftys actlvilles. At 1 April At 31 March 2023 2024 Arts Council England - Culture Recovery Fund 29,769 29,769 Pr•vlous y•ar: At 1 Aprll At 31 March 2022 2023 Arts Counc51 England - Culture Recovery Fund 29,769 29,769 21 Unr•strl¢ted funds The unrestrlcted ftjnds of the charlty comprise the unexp8nded balances of donations and grants whlch are nol subject to speciflc condilions by donors and grantors as to how Ihey may be used. These include designated funds whth have been $et aside out of unrestricted funds by thè trustèés for specific purpose$. At 1 Aprll 2023 Incoming r•sourcos RQUr¢9$ •xpendad Transf•rs At 31 March 2024 General funds 137.624 435,505 1417,133) 1 55.996 22 Analysls of net assets between fund• Unr•8trlct•d Unr•strlct•d funds funds g•neral d•slgnated 2024 2024 R•slrlct•d fund• Total 2024 2024 At 31 March 2024: Tangible assets Current assetsl(Ilabilities) 150 155.846 53,841 66.534 53,991 252.149 29.769 155,996 29,769 120,375 306,140 -25-
PECKHAM PLATFORM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 An•ty$l$ of n•t assots botw••n funds (Contlnued) Unrestrlctod Unrestricted funds funds g•neral d•slgnat•d 2023 2023 Restrietèd fundg Total 2023 2023 At 31 March 2023: Tangible assets Current assetsllliabilliiès) 54.883 82.741 54,883 227,101 29.769 114,591 137.824 29,769 114,591 281,984 23 R•l•t•d party tran•a¢llon• Transactlons wlth related partles During the year the charity entered into the following transactions wth related parties: 24 Ca$h gèn•rated from operatlons 2024 2023 Surplus/{d8ficft) for the year 24,156 (23,773) Adjustments for.. Investment income recognlsed In statem8nt ol fnanclal activities Depreclallon and Impalrment of tangible flxed assets (2,349> 892 (433> 892 Movements in working capital: Decreas8llincr8asel in debtors Increase in creditors (Decrease>lincrease in deferred income 41,298 7.633 190.000) (78,949) 5,290 35,OlX) Cash ab8Ort>•d by oporatlon8 118,370) (61.973) 25 Analysls of chang•s In net funds The charity had no material debt during the year. -26-