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|||**Page**||
|---|---|---|---|
|**Chair's Foreword**|1|to|2|
|**Report of the Trustees**|3|to|7|
|**Statement of Trustees' Responsibilities**||8||
|**Independent Examiner's Report**||9||
|**Statement of Financial Activities**||10||
|**Balance Sheet**||11||
|**Cash Flow Statement**||12||
|**Notes to the Cash Flow Statement**||13||
|**Notes to the Financial Statements**|14|to|25|





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|**Trustees**||
|---|---|
|C McLeod||
|R Coopey|(appointed 19.5.21)|
|3 Burden||
|0 Allen||
|S Ballard|(appointed 19.5.21)|
|S D'Anjou|(appointed 19.5.21)|
|C Evans|(appointed 19.5.21)|
|A Green|(appointed 19.5.21)|
|K Thomas−Currie|(appointed 19.5.21)|
|G Whitlock||
|EM Williams|(appointed 19.5.21)|
|K Bee|(resigned 18.5.21)|
|3 Higgott|(resigned 18.5.21)|
|3 Pelluet|(resigned 18.5.21)|



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||||||31.3.22|31.3.21|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|£|£|_£_|_£_|
|**INCOME AND ENDOWMENTS FROM**|||||||
|Donations and grants||3|63,007|145,627|208,634|332,745|
|**Charitable activities**|||||||
|Cafe & Bar|||154,448||154,448|58,631|
|Community Letting|||253,301||253,301|54,285|
|Performance Arts|:||56,132||56,132|38,362|
|Other Income|||8,486||8,486|9,690|
|Investment income||4|44||44|115|
|**Total**|||535,418|145,627|681,045|493,828|
|**EXPENDITURE ON**|||||||
|**Raising funds**|||||||
|Raising donations and|legacies|6|17,427||17,427|15,674|
||||17,427||17,427|15,674|
|**Charitable activities**||7|||||
|Cafe & Bar|||156,793|91,754|248,547|107,633|
|Community Letting|||150,781|33,717|184,498|184,481|
|Performance Arts|||161,327|33,717|195,044|167,850|
|**Total**|||486,328|159,188|645,516|475,638|
|**NET INCOME/(EXPENDITURE)**|||49,090|(13,561)|35,529|18,190|
|**Transfers between funds**||19|(6)|6|||
|**Net movement in funds**|||49,084|(13,555)|35,529|18,190|
|**RECONCILIATION OF FUNDS**|||||||
|Total funds brought forward|||29,255|13,555|42,810 −|24,620|
|**TOTAL FUNDS CARRIED FORWARD**|||78,339||78,339|42,810|





|||||31.3.22|31.3.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|13|72,283|399,971|472,254|75,886|
|**CURRENT ASSETS**||||||
|Stocks|14|5,908||5,908|2,709|
|Debtors|15|10,262|419,483|429,745|33,744|
|Cash at bank and in hand||177,725|101,483|279,208|137,901|
|||193,895|520,966|714,861|174,354|
|**CREDITORS__**||||||
|Amounts falling due within one year|16|(107,839)|(920,937)|(1,028,776)|(127,430)|
|**NET CURRENT ASSETS**||86,056|(399,971)|(313,915)|46,924|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||158,339||158,339|122,810|
|**CREDITORS**||||||
|Amounts falling due after more than one year|17|(80,000)||(80,000)|(80,000)|
|**NET ASSETS**||78,339||78,339|42,810|
|**FUNDS**|19|||||
|Unrestricted funds||||78,339|29,255|
|Restricted funds|||||13,555|
|**TOTAL FUNDS**||||78,339|42,810|





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|||31.3.22|31.3.21|
|---|---|---|---|
||Notes|||
|**Cash flows from operating activities**||||
|Cash generated from operations|1|475,022|68,340|
|Net cash provided by operating activities||475,022|68,340|
|**Cash flows from investing activities**||||
|Purchase of tangible fixed assets||(424,954)|(53,121)|
|Interest received||44|115|
|Net cash used in investing activities||(424,910)|(53,006)|
|**Change in cash and cash equivalents in**||||
|**the reporting period**||50,112|15,334|
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**|2|137,895|122,561|
|**Cash and cash equivalents at the end of**||||
|**the reporting period**|2|188,007|137,895|





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|||**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM **|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM **|**OPERATING **|**ACTIVITIES**||
|---|---|---|---|---|---|---|---|
|||||||31.3.22|31.3.21|
||||**Net income for the reporting period (as per the Statement of**<br>**Financial Activities)**|||35,529|18,190|
||||**Adjustments for:**|||||
||||Depreciation charges|||28,586|29,827|
||||Interest received|||(44)|(115)|
||||(Increase)/decrease in stocks|||(3,199)|1,512|
||||Increase in debtors|||(396,001)|(6,391)|
||||Increase in creditors|||810,151|25,317|
||||**Net cash provided by operations**|||475,022|68,340|
|**—**|**2**|**: −−−−ANALYSIS OF CASH AND CASH EQUIVALENTS**||||||
|||||||31.3.22|31.3.21|
||||Cash in hand|||1,517|1,222|
||||Notice deposits (less than 3 months)|||277,691|136,679|
||||Overdrafts included in bank loans and overdrafts falling due|within one|year|(91,201)|(6)|
||||Total cash and cash equivalents|||188,007|137,895|
|||3.|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
|||||At 1.4.21||Cash flow|At 31.3.22|
||||**Net cash**|||||
||||Cash at bank and in hand||137,901|141,307|279,208|
||||Bank overdrafts||(6)|(91,195)|(91,201)|
||||||137,895|50,112|188,007|
||||**Debt**|||||
||||Debts falling due within 1 year<br>Debts falling due<br>after 1 year||(10,000)<br>(80,000)||(10,000)<br>(80,000)|
||||||(90,000)||(90,00Ci)|
||||**Total**||47,895|50,112|98,007|





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|**DONATIONS AND GRANTS**|||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|Donations|2,059|2,096|
|Government Grants|34,112|225,183|
|Local Council Grants||57,216|
|Other Grants|172,463|48,250|
||208,634|332,745|



||31.03.22|31.03.21|
|---|---|---|
||£|£|
|Coronavirus Job Retention Scheme (CJRS)|5,112|66,863|
|Small Business Grant Fund|29,000|52,222|
||34,112|119,085|



|**4.**|**INVESTMENT INCOME**||||
|---|---|---|---|---|
||||31.3.22|31.3.21|
||||_E_|_E_|
||Deposit account interest||44|115|
|**S.**|**INCOME FROM CHARITABLE ACTIVITIES**||||
||||31.3.22|31.3.21|
|||Activity|£|£|
||Cafe & bar sales|Cafe & Bar|154,448|58,631|
||Letting income|Community Letting|253,301|54,285|
||Performance art events|Performance Arts|56,132|38,362|
||Other income|Other Income|8,486|9,690|
||||472,367|160,968|
|**6.**|**RAISING DONATIONS AND **|**LEGACIES**|||
||||31.3.22|31.3.21|
||||_E_|_E_|
||Advertising and marketing||17,427|15,674|





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|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
|||Support||
||Direct|costs (see||
||Costs|note 8)|Totals|
|Cafe & Bar|156,304|92,243|248,547|
|Community Letting||184,498|184,498|
|Performance Arts|10,546|184,498|195,044|
||166,850|461,239|628,089|



|**SUPPORT COSTS**||||||||
|---|---|---|---|---|---|---|---|
||||||Governance|||
|||Management||Finance|costs||Totals|
|||£||£|_E_||_E_|
|Cafe & Bar||90,272||595|1,376||92,243|
|Community Letting||180,556||1,190|2,752||184,498|
|Performance Arts||180,556||1,190|2,752||184,498|
|||451,384||2,975|6,880||461,239|
|Support costs, included in the above, are as follows:||||||||
|**Management**||||||||
||||||31.3.22||31.3.21|
||Cafe &|Community||Performance|Total||Total|
||Bar|Letting||Arts|activities||activities|
||_E_|_E_||_E_|_E_||£|
|Wages|39,103|78,207||78,207|195,517||197,593|
|Social security|3,129|6,260||6,260|15,649||13,121|
|Pensions|664|1,327||1,327|3,318||2,839|
|Rent and premises expenses|16,766|33,535||33,535|83,836||75,757|
|Insurance|997|1,996||1,996|4,989||4,901|
|Telephone and internet|424|846||846|2,116||1,601|
|Office supplies|457|916||916|2,289||892|
|Sundries|4,379|8,758||8,758|21,895||56,700|
|Legal and professional||||||||
|services<br>Depreciation of tangible and<br>_____<br>heritage assets −|_ 18,637<br>5−,716|37,276<br>_11;435|−|37,276<br>11,435|93,189<br>287586−||13,966<br>29,827|
|_ _||||||||
||90,272|180,556||_180,556 _ _|451,384|−|3977197|
|**Finance**||||||||
||||||31.3.22||31.3.21|
||Cafe &|Community||Performance|Total||Total|
||Bar|Letting||Arts|activities||activities|
||_E_|_E_||_E_|_E_||_E_|
|Bank charges|595|1,190||1,190|2,975||2,615|





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|**SUPPORT COSTS −continued**<br>**Governance costs**||||||
|---|---|---|---|---|---|
|||||31.3.22|31.3.21|
||Cafe &|Community|Performance|Total|Total|
||Bar|Letting|Arts|activities|activities|
||_E_|_E_|_E_|_E_|£|
|Wages|800|1,600|1,600|4,000|3,640|
|Independent examiners'||||||
|remuneration|576|1,152|1,152|2,880|3,954|
||1,376|2,752|2,752|6,880|7,594|
|**INDEPENDENT EXAMINERS' REMUNERATION**||||||
|||||31.3.22|31.3.21|
|||||_E_|_E_|
|Fees payable to the charity's independent examiners for the independent examination||||of||
|the charity's financial statements||||2,880|2,400|



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|**STAFF COSTS**|||
|---|---|---|
||31.3.22|31.3.21|
|Wages and salaries|235,440|201,233|
|Social security costs|15,649|13,121|
|Other pension costs|3,318|2,839|
||254,407|217,193|



|31.3.22|31.3.21|
|---|---|
|19|14|





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|**12.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
||**INCOME AND ENDOWMENTS FROM**||||
||Donations and grants|49,318|283,427|332,745|
||**Charitable activities**||||
||Cafe & Bar|58,631||58,631|
||Community Letting|54,285||54,285|
||Performance Arts|38,362||38,362|
||Other Income|9,690||9,690|
||Investment income|115||115|
||**Total**|210,401|283,427|493,828|
||**EXPENDITURE ON**||||
||**Raising funds**||||
||Raising donations and legacies|15,674||15,674|
|||15,674||15,674|
||**Charitable activities**||||
||Cafe & Bar|52,635|54,998|107,633|
||Community Letting|68,560|115,921|184,481|
||Performance Arts|61,397|106,453|167,850|
||**Total**|198,266|277,372|475,638|
||**NET INCOME**|12,135|6,055|18,190|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|17,120|7,500|24,620|
||**TOTAL FUNDS CARRIED FORWARD**|29,255|13,555 −|42,810|





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|**13.**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|
|||Improvements||Fixtures||
|||to|Plant and|and||
|||property|machinery|fittings|Totals|
|||£|£|£|_E_|
||**COST**|||||
||At 1 April 2021||88,728|46,943|135,671|
||Additions|399,971|23,963|1,020|424,954|
||At 31 March 2022|399,971|112,691|47,963|560,625|
||**DEPRECIATION**|||||
||At 1 April 2021||28,510|31,275|59,785|
||Charge for year||23,069|5,517|28,586|
||At 31 March 2022||51,579 −|36,792|88,371|
||**NET BOOK VALUE**|||||
||At 31 March 2022|399,971|61,112|11,171|472,254|
||At 31 March 2021||60,218|15,668|75,886|
|**14.**|**STOCKS**|||||
|||||31.3.22|31.3.21|
|||||_£_|_£_|
||Stocks|||5,908|2,709|
|**15.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||31.3.22|31.3.21|
|||||£|£|
||Trade debtors|||390,117|16,915|
||Other debtors|||1,145,|−|
||Prepayments and accrued income|||38,483|16,829|
|||||429,745|33,744|
|**16.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||31.3.22|31.3.21|
|||||£|£|
||Bank loans and overdrafts (see note 18)|||91,201|6|
||Other loans (see note 18)|||10,000|10,000|
||Trade creditors|||369,792|10,929|
||Social security and other taxes|||5,311|154|
||Other creditors|||19,776|4,085|
||Accrued expenses|||66,070|45,822|
||Deferred income|||466,626|56,434|
|||||1,028,776|127,430|





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|**17.**|**CREDITORS: AMOUNTS FALLING DUE **|**AFTER **|**MORE **|**THAN **|**ONE YEAR**|||
|---|---|---|---|---|---|---|---|
|||||||31.3.22|31.3.21|
|||||||**_E_**||
||Other loans (see note 18)|||||80,000|80,000|
|**18.**|**LOANS**|||||||
||An analysis of the maturity of loans is given below:|||||||
|||||||31.3.22|31.3.21|
|||||||**_E_**||
||Amounts falling due within one year on demand:|||||||
||Bank overdraft|||||91,201|6|
||Other loans|||||10,000|10,000|
||_|||||||
|||||||101,201|10,006|
||Amounts falling between one and two years:|||||||
||Other loans −1−2 years|||||10,000|80,000|
||Amounts falling due between two and five years:|||||||
||Other loans −2−5 years|||||30,000||
||Amounts falling due in more than five years:|||||||
||Repayable otherwise than by instalments:|||||||
||Other loans more 5yrs non−inst|||||40,000||
|**19.**|**MOVEMENT I N FUNDS**|||||||
||||||Net|Transfers||
||||||movement|between|At|
||||At 1.4.21||in funds|funds|31.3.22|
||||£||£|f|**_E_**|
||**Unrestricted funds**|||||||
||General fund||29,255||49,090|(6)|78,339|
||**Restricted funds**|||||||
||Arts Council||1,470||(1,470)|||
||National Lottery Community Fund|||(6)||||
||Historic England −Covid Emergency||12,091||(12,091)|||
|||_||||||
||||13,555||(13,561)|||
||**TOTAL FUNDS**||42,810||35,529||78,339|





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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||_E_|_E_|_E_|
|**Unrestricted funds**||||
|General fund|535,418|(486,328)|49,090|
|**Restricted funds**||||
|Arts Council|24,603|(26,073)|(1,470)|
|Historic England −Covid Emergency|−|(12,091)|(12,091)|
|Architectural Heritage Fund −Capital<br>Development Grant|59,450|(59,450)||
|Leche Trust|2,000|(2,000)||
|Historic England −Cultural Consortium||||
|Project|16,591|(16,591)||
|Croydon Council|4,500|(4,500)||
|National Lottery Heritage Fund|38,483|(38,483)||
||145,627|(159,188)|(13,561)|
|**TOTAL FUNDS**|681,045|(645,516)|35,529|



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|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.20|in funds|31.3.21|
|**Unrestricted funds**||||
|General fund|17,120|12,135|29,255|
|**Restricted funds**||||
|Arts Council||1,470|1,470|
|National Lottery Community Fund<br>Historic England −Covid Emergency||_ (6)<br>12,091|_<br>(6)<br>12,091|
|Croydon Culture Relief Fund|7,500|(7,500)|−|
||7,500|6,055|13,555|
|**TOTAL FUNDS**|24,620|18,190|42,810|