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2023-03-31-accounts

Page
Chair's Foreword 1 to 2
Report ofthe Trustees 3 to 8
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 24
Detailed Statement
ofFinancial Activities		 25 to 26

FOR THE Y EA R END ED 31MARCH 2023
Trustees
Names ofthe charity's trustees who managed the charity in the period:
Trustee Name Office (ifany) Dates acted if not whole year
C McLeod Chair
R Coopey Vice Chair
J Burden Secretary Retired 5 February 2023
0Allen Treasurer Retired 5 February 2023
S Ballard
5 D'Anjou
C Evans
A Green Secretary role from 6 February 2023
G Main Appointed 22 April 2023
KThomas-Corrie
G Whitlock
EM Williams
Names ofthe charity's trustees at the date the report was approved:
Trustee Name Office (ifany) Dates acted if not whole year
A Andrade Chair Appointed 11September 2023
A Blocker Vice Chair ik Secretary Appointed 11September 2023
C McLeod Treasurer Added Treasurer
role 6 February		 2023
S Ballard
R Coopey Retired as Vice Chair stayed as a trustee 25/07/2023
S D'Anjou
C Evans
G Main
KThomas-Currle
EM Williams
A Green Retired as trustee 25 July 2023
G Whltlock Retired as trustee 25 July 2023
Independent Examiner
Ash down Hurrey
Chartered Accountant BrBusiness Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

31.3.23 31.3.22
Unrestricted Restricted Total Total
Notes fundf fundsI fundsI fundsI
INCOME AND ENDOWMENTS FROM
Donations
and grants		 7,834 327,138 334,972 208,634
Charitable
activities
Cafe Br Bar 130,521 130,521 154,448
Community
Letting		 189,074 189,074 253,301
Performance
Arts		 87,200 87,200 56,132
Other Income 14,853 14,853 8,486
Investment
income		 378 378
Total ~429 860 ~327 138 ~756 998 ~681045
EXPENDITURE ON
Raising funds
Raising donations
and legacies		 6 ~19197 ~4986 ~24 183 ~17427
19,197 4,986 24,183 17,427
Charitable
activities
Building
Overheads		 196,356 101,488 297,844 248,547
Community
Letting		 129,622 32,239 161,861 184,498
Performance
Arts		 125,916 188,425 314,341 195,044
575 575
Total ~471 666 ~327 138 ~798 804 ~645 516
NET INCOME/(EXPENDITURE) (41,806) (41,806) 35,529
RECONCILIATION OF FUNDS
Total funds
brought		 forward 78,339 78,339 42,810
TOTAL FUNDS CARRIED FORWARD ~36 533 ~36533 ~78 339

31.3.23 31.3.22
Unrestricted Restricted Total Total
Notes fundI fundsI fundsI funds
FIXED ASSETS
Tangible assets 13 57,218 910,632 967,850 472,254
CURRENT ASSETS
Stocks 14 6,753 6,753 5,908
Debtors 15 92,465 89,026 181,491 429,745
Cash at bank and In hand ~243 742 286,009 ~529 751 279,208
342,960 375,035 717,995 714,861
CREDITORS
Amounts falling due within one year 16 (283 645) (1(285~667) (1569312) (1,028,776)
NET CURRENT ASSETS ~59315 ~910,632) ~851317) 313,915
TOTAL ASSETS LESSCURRENT LIABILITIES 116,533 116,533 158,339
CREDITORS
Amounts falling due after more than one year 17 (80,000) (80,000) (80,000)
NET ASSETS/(LIABILITIES) ~36 533 ~36 533 ~78339
FUNDS
Unrestricted
funds		 19 ~36533 78,339
TOTAL FUNDS ~36 533 ~78339

31.3.23 31.3.22
Notes f
Cash flows from operating activities
Cash generated
from operations		 ~729 914 ~475 022
Net cash provided
by operating		 activities ~729914 ~475 022
Cash flows from investing activities
Purchase of tangible
fixed assets		 (564,689) (424,954)
Interest
received		 378
Net cash used
in investing
activities		 {564,311) ~424 910)
Change
in cash and cash equivalents		 in the
reporting
period		 165,603 50,112
Cash and cash equivalents atthe beginning
ofthe reporting
period		 2 ~188007 ~137895
Cash and cash equivalents at the end of
the reporting
period		 353,610 ~188 007


E YEAR ENDED 31
MARCH 2023
MARCH 2023
MARCH 2023
MARCH 2023
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.23 31.3.22
I I
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (41,806) 35,529
Adjustments
for:
Depreciation
charges		 68,518 28,586
Loss on disposal offixed assets 575
Interest
received		 (378) (44)
Increase
in stocks		 (845) (3,199)
Decrease/(increase) in debtors 248,254 (396,001)
Increase
in creditors		 ~455 596 810,151
Net cash provided by operations ~729 914 ~475 022
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.23 31.3.22
I I
Cash
in hand		 1,951 1,517
Notice deposits
(less		 than 3 months) 527,800 277,691
Dverdrafts
induded		 in bank loans and overdrafts falling due within one year (176,141) ~91201)
Total cash and cash equivalents 353,610 ~188 007
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
I I I
Net cash
Cash at bank and
in		 hand 279,208 250,543 529,751
Bank overdrafts ~91201) ~84940) ~176 141)
~188007 ~165603 ~353 610
Debt
Debts falling due within
1year		 (10,000) (10,000)
Debts falling due after 1 year ~80,000) ~80 000)
~90000) ~90000)
Total ~98007 ~165603 ~263 610

DONATION S
AND GRA		 NTS
31.3.23 31.3.22
E f
Donations 4,184 2,059
Government Grants 2,416 34,112
Other Grants ~328 372 172,463
~334 972 208,634
INVESTMENT INCOME
31.3.23 31.3.22
E f
Deposit account interest 378 44
INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Activity E f
Cafe &bar sales Cafe & Bar 130,521 154,448
Letting
income		 Community Letting 189,074 253,301
Performance art events Performance Arts 86,750 56,132
Cinema income Performance Arts 450
Other income Other Income ~14853 8,486
~421 648 ~472 367
RAISING DONATIONS AND LEGACIES
31.3.23 31.3.22
E f
Advertising and marketing ~24 183 ~17 427
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs
E		 note 8)
f		 Totals
E
Building
Overheads		 257,379 40,465 297,844
Community Letting 161,861 161,861
Performance Arts ~10856 ~303485 ~314341
268,235 ~505 811 ~774 046

SUPPORT COSTS
Governance
Management Finance costs Totals
E E E E
Building
Overheads		 39,704 211 550 40,465
Community
Performance		 Letting
Arts		 158,816
~297 777		 843
~1580		 2,202
~4128		 161,861
~303485
~496 297 2,634 ~6880 ~505 811
Support costs, included in the above, are as follows:
Management
31.3.23 31.3.22
Building Community PeHormance Total Total
Overheads Letting Arts activities activities
E E E E E
Wages 21,850 87,400 163,874 273,124 195,517
Social security 1,945 7,780 14,588 24,313 15,649
Pensions 384 1,538 2,884 4,806 3,318
Rent and premises expenses 2,967 11,867 22,250 37,084 83,836
Insurance 361 1,443 2,705 4,509 4,989
Telephone and internet 341 1,363 2,555 4,259 2,116
ONce supplies 205 821 1,540 2,566 2,289
Sundries 2,638 10,551 19,782 32,971 21,895
Legal and professional services 3,532 14,127 26,488 44,147 93,189
Depreciation of tangible and
heritage assets ~5481 ~21926 ~41 111 ~68 518 ~28 586
39,704 ~158816 ~297 777 ~496 297 ~451 384
Finance
31.3.23 31.3.22
Building Community Performance Total Total
Overheads Letting Arts adivities actlvibes
E E E E E
Bank charges 211 843 ~1580 ~2634 ~2975
Governance costs
31.3.23 31.3.22
Building Community Performance Total Total
Overheads Letting Arts activities acbvities
E E E E
Wages 320 1,280 2,400 4,000 4,000
Independent examiners'
remuneration 230 922 ~1728 ~2880 ~2880
550 ~2202 ~4128 ~6880 ~6880

31.3.23
I		 31.3.22
I
Fees payable to the charity's independent examiners for the independent examination of
the charity's financial statements 2880 ZBBO

STAFF COSTS
31.3.23
I		 31.3.22
I
Wages and salaries 303,902 235,440
Social security costs 24,313 15,649
Other pension
costs		 4,806 3,318
~333021 ~254 407
The average
monthly		 number of employees during the year was as follows:
31.3.23 31.3.22
20 19
31.3.23 31.3.22
The average
number		 of full time equivalent employees during the year was: 11 9
No employees
received
emoluments		 in excess of 560,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fundI fundsI fundsI
INCOME AND ENDOWMENTS FROM
Donations
and grants		 63,007 145,627 208,634
Charitable
acbvities
Cafe 8r Bar 154,448 154,448
Community
Letting		 253,301 253,301
Performance
Arts		 56,132 56,132
Other Income 8,486 8,486
Investment
income
Total 535,418 ~145627 ~681045
EXPENDITURE ON
Raising funds
Raising donations
and		 legacies ~17 427 17,427
17,427 17,427

FOR T HE YEAR ENDED 31 MARCH 2023 HE YEAR ENDED 31 MARCH 2023
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
E E E
Charitable
activities
Building
Overheads		 156,793 91,754 248,547
Community
Letting		 150,781 33,717 184,498
Performance
Arts		 161,327 33,717 195,044
Total ~486 328 ~159 188 645,516
NET INCOME/(EXPENDITURE)
Transfers between funds		 49,090
~6)		 (13,561)
6		 35,529
Net movement
in		 funds 49,084 (13.555) 35,529
RECONCILIATION OF FUNDS
Total funds brought forward 29,255 13,555 42,810
TOTAL FUNDS CARRIED FORWARD ~78339 ~78339
13. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
pl'o petty machinery fittings Totals
E E E E
COST
At 1 April 2022 399,971 112,691 47,963 560,625
Additions
Disposals		 482,078 58,048
~1181)		 24,563
~2281)		 564,689
~3,462)
At 31 March 2023 ~882 049 ~169558 ~70 245 1~121852
DEPRECIATION
At 1 April 2022 51,579 36,792 88,371
Charge for year
Eliminated
on disposal
38,257		 26,302
~606)		 3,958
~2280)		 68,517
~2886)
At 31 March 2023 ~38 257 ~77 275 ~38470 ~154002
NET BOOK VALUE
At 31 March 2023 ~843 792 ~92 283 ~31 775 ~967 850
At 31 March 2022 ~399 971 ~61 112 ~11 171 ~472 254

14. STOCKS
31.3.23 31.3.22
f f
Stocks 6,753 ~5908
15. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
f f
Trade debtors 151,314 390,117
Other debtors 1,387 1,145
Prepayments
and accrued		 income 28,790 ~38483
181,491 ~429 745
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
f f
Bank loans and overdrafts (see note 18) 176,141 91,201
Other loans (see note 18) 10,000 10,000
' Trade creditors
Sodal security and		 other taxes 159,456
8,032		 369,792
5,311
Other creditors 7,075 19,776
Accrued expenses 89,211 66,070
Deferred
Income		 1,119,397 466,626
~1569312 ~1028776
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
f f
Other loans (see note 18) ~80 000 ~80 000
18. LOANS
An analysis
ofthe maturity		 of loans is given below:
31.3.23 31.3.22
f f
Amounts
falling due		 within one year on demand:
Bank overdrafts 176,141 91,201
Other loans ~10000 ~10 000
~186141 ~101201
Amounts
falling between		 one and two years:
Otherloans
—1-2years		 ~10 000 ~10 000
Amounts
falling due		 between two and five years:
Other loans - 2-5 years ~30 000 ~30 000
Amounts
falling due		 in more than five years:
Repayable
otherwise		 than by instalments:
Other loans more Syrs non-inst ~40 000 ~40 000

Net
movement At
At 1.4.22 in funds 31.3.23
E E E
Unrestricted
funds
General fund 78,339 (41,806) 36,533
TOTAL FUNDS ~78 339 ~41806) ~36 533
Net movement in funds, induded in the above are as follows:
Incoming Resources Movement
I'esources expended in funds
E E E
Unrestricted
funds
General fund 429,860 (471,666) (41,806)
Restricted funds
Arts Council 24,545 (24,545)
Architectural
Heritage		 Fund - Capital
Development
Grant		 56,842 (56,842)
Historic England - Cultural Consortium Project 33,838 (33,838)
Croydon Council 82,072 (82,072)
National Lottery Heritage Fund 114,841 (114,841)
Theatres Charitable Trust 5,000 (5,000)
London Community Foundation ~10000 ~10000)
~327 138 ~327 138)
TOTAL FUNDS ~756 998 ~798 804) ~41,806)
Comparatives for movement in funds
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
E E E E
Unrestricted
funds
General fund 29,255 49,090 (6) 78,339
Restricted funds
Arts Coun dl 1,470 (1,470)
National Lottery Community Fund (6)
Historic England - Covld Emergency ~12 091 ~12091)
~13 555 ~13561)
TOTAL FUNDS ~42 810 ~35 529 ~78 339

Comparative
net		 move men t in funds, included
in th		 e above are as follo ws:
Incoming Resources Movement
resources
f		 expended
I		 in fundsI
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
Development
Grant		 59,450 (59,450)
Leche Trust 2,000 (2,000)
Historic England - Cultural Consorlium Project 16,591 (16,591)
Croydon
Council		 4,500 (4,500)
National
Lottery		 Heritage Fund ~38483 ~38,483)
~145 627 (159,188) ~13 561
TOTAL FUNDS ~681 045 (645,516) ~35 529
A current year 12 months and prior year 12 months combined position is as follows:
Net Transfers
movement between At
At 13L21
I		 in funds
f		 fundsI 31.3.23
Unrestricted
funds
General
fund		 29,255 7,284 (6) 36,533
Restricted funds
Arts Council 1,470 (1,470)
National
Lottery		 Community Fund (6)
Historic England —Covld Emergency 12,091 (12,091)
~13555 ~13 561)
TOTAL FUNDS ~42 810 ~6277) ~36 533

A current year 12 m on ths a nd prior ye ar 12 months
combine		 d
net movement
In funds,
I		 ncluded
in the abov		 e are as follows
Incoming Resources Movement
resources
I		 expended
I		 in funds
I
Unrestricted
funds
General
fund		 965,278 (957,994) 7,284
Restrictedfunds
Arts Coundl 49,148 (50,618) (1,470)
Historic England - Covid Emergency (12,091) (12,091)
Architectural
Heritage		 Fund —Capital
Development
Grant		 116,292 (116,292)
Leche Trust 2,000 (2,000)
Historic England - Cultural Consortium Project 50,429 (50,429)
Croydon
Council		 86,572 (86,572)
National
Lottery Heritage		 Fund 153,324 (153,324)
Theatres
Charitable		 Trust 5,000 (5,000)
London
Community		 Foundation ~10000 ~10000)
~472 765 (486,326) ~13,561)
TOTAL FUNDS 1~438043 (1~444320) ~6277)
Description
ofRestricted		 Funds

FOR THE YEAR EN DE D 31 MARCH 2023
31.3.23 31.3.22
E E
INCOME AND ENDOWMENTS
Donations
and grants
Donations 4,184 2,059
Government
Grants		 2,416 34,112
Other Grants 328,372 172,463
334,972 208,634
Investment
income
Deposit accountinterest 378
Charitable
activities
Cafe fk bar sales 130,521 154,448
Letting income 189,074 253,301
Performance
art events		 86,750 56,132
Other income 14,853 8,486
Cinema
income		 450
~421 648 472,367
Total incoming resources 756,998 681,045
EXPENDITURE
Raising donations and legacies
Advertising
and marketing		 24,183 17,427
Charitable
activities
Wages 26,778 35,923
Advertising 2,193 3,624
Direct costs 170,726 59,043
Cafe 8r bar stock 57,682 57,714
Performance
purchases		 10,510 10,546
CInema llcences 346
268,235 166,850
Other
Loss on sale of tangible fixed assets 575
Support costs
Management
Wages 273,124 195,517
Social security 24,313 15,649
Pensions 4,806 3,318
Rent and premises expenses 37,084 83,836
Insurance 4,509 4,989
Telephone
and internet		 4,259 2,116
Office supplies 2,566 2,289
Carried forward 350,661 307,714

FOR THE YEA R ENDE D 3 1 MARCH 2023
31.3.23I 31.3.22I
Management
Brought forward 350,661 307,714
Sundries 32,971 21,895
Legal and professional services 44,147 93,189
Improvements to property depreciation 38,256
Plant and machinery depreciation 26,303 23,069
Fixtures and fittings depreciation 3,959 5,517
496,297 451,384
Finance
Bank charges 2,634 2,975
Governance costs
Wages
Independent		 examiners' remuneration 4,000
~2880		 4,000
~2880
~6880 6,880
Total resources expended ~798 804 645,516
Net (expenditure)/income ~41806) ~35 529