**Charity Registration No. 1156895** **Company Registration No. 7383221 (England and Wales)** ## **PROJECT PRESSURE ARCHIVE** **ANNUAL REPORT AND UNAUDITED** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Mr William Skeaping (appointed Nov 2019) Ms Marjorie Ellis Thompson Mr Klaus Thymann Mr Christian Toennesen (appointed Nov 2019) Mr John Wyatt-Clarke **Charity number** 1156895 **Company number** 7383221 **Principal address** 10 Knatchbull Road London SE5 9QS > **Independent examiner** Jon Harris, ACMA, CGMA 9 Roe Close Stotfold, Beds SG5 4HX **Bankers** HSBC Bank PLC The Helicon, 1 South Pl London EC2M 2UP ## **CONTENTS** ||**Page**|| |---|---|---| |Trustees' report||1| |Independent examiner's report||2| |Statement of financial activities||3| |Balance sheet||4| |Notes to the financial statements||6| TR IN OIN DIRE 'RE THE YEAR ENDED The Trustees pre5entiheir report and linancial smernents forthe yearended 30 September 2020. The financial statements have been prepared In accorfjance wrth the ￿COuntIn8 polK*s set o¥t in note I to the financial staiements and comply with the charity's Memorandum and ArtIc￿S of AssociatKJii. the Companies Att 21¥￿ and"Accounting and Rew)rting by Charities: Statement of Recommended Prartice applicable to charit*s preparing iheir accounts In Kcordance wtth the Financial Reportin8 Standard applicab￿ In the UK and RewblK ol Ireland IFRS 1021 leffettNe l January 20191". Oblectlvesand artI￿tIeS The charity's principal objert Is restritted to lolbwlw: To advance the edUCat￿n of the on the subjett of r￿reall￿g11￿￿rS io cl1rn￿e charrfe ty wo¥ldlnBa hlstorkal ar£hi¥t ènd d¢xumentation of glatiers tolort they disapptar so 85 to pro¥th and educatioThal tool for future 8eneratKJns. The Trustees note a fvrther year in the furtheran￿ ofthe C*JpaNesand have rnade a fvll ￿pOrt to the Charrty CornM￿s￿n. St•tern•nt of Tvust•M' r•sp)nSI￿lItbI5 The Trustees, Ihree of whom are also the dlrettors of the c￿rIty lor the purp￿ of company Liw, a￿ responsIb￿ for preparlng the Trusiees, Report and the financial staiements In accordance applic•ble L•w •nd Unrted Kiwdom kcountlry St¥ndards lilnired Kln8dorn Generally Accepted Atcounting Practice). Cornpany Law regulresthe Trustees •rO Dlrertors to ty*￿re financ￿1 5tstementsfof each financlal wh*h &￿e a true and lalr vlew of the state of affairs of the Iharty and of the Incomln¢ resources and app1Kat￿Tr of resour￿5. Includin8 the Income and expendItu￿. of the charitable Com￿fi¥l0r that ytar. In prep•rin8 these financial 5tsterr*nts, the Trnstees •nd D4rectots •re requiredto.. - 5el¢n sultable accountln8 polkles and thtn apptythem conslsienity.. obsefft the methods and prin¢iple5 in the Charit￿5 SORP., make ludgtrnents and estirnates that are rel￿nable and prudent- - State whether applkable UK Accounting Standard5 have been folkjwed. subiett to aAV m•teri•l dep•rtures distk*s*d and explalned In the financlal 5taternents', and - prepare the flnancial statements on the pin8 cor￿f￿ basis unle5511 Is inappropriaie to presume ttst the ch•rhy wlll contlnue In operatlon. The Trustees aré rèsponsible for keepin¢ adequate a(courbtin8 retords that discbse with reawnablèaccurary at any tim• th• finaneial posiliotl ol the charw and enable them to efisure that the liThanclal Maiernentscompty with the Comp•n*s Art 2(X)6. T￿Vare also respon51ble for 5afeguardlTr8 the assets of the ch•rity •nd h*￿t fortsklry reasonablesteps forthe pre¥ention •Ad detttth?n of frauo Ind other Irregularltles. Thls report was apwoved by the trusteeson 4jU￿ 2021 and ofi their behaw by KLAVSTHYMANN 18 June 2021 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROJECT PRESSURE ARCHIVE** I report to the Trustees on my examination of the financial statements of Project Pressure Archive for the year ended 30 September 2020. ## **Responsibilities and basis of report** As the Trustees of the charity (and for those who are also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I confirm that I am qualified to undertake the examination because I am a member of CIMA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Jon Harris, ACMA, CGMA, MA (Cantab.), FRSA 9 Roe Close Stotfold, Beds. SG5 4HX Dated: 1 June 2021 2 ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2020** ||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Total**|Unrestricted
funds||Restricted
funds||Total| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||**2020**||**2020**||**2020**|2019||2019||2019| |**Notes**||**£**||**£**||**£**||**£**|**£**||**£**|| |**Income and endowments from:**||||||||||||| |Donations and legacies|||31,370||0||31,370|53,373||0||53,373| |Charitable activities|||0||0||0|0||0||0| |Other trading activities|||0||0||0|0||0||0| |Investments|||0||0||0|0||0||0| |Other income|||9,690||0||9,690|0||0||0| |**Total income**|||41,060||0||41,060|53,373||0||53,373| |**Expenditure on:**||||||||||||| |**Charitable activities**|**3**||39,716||0||39,716|54,198||0||54,198| |**Net income/(expenditure)**||||||||||||| |**for the year/**||||||||||||| |**Net movement in funds**|||**1,344**||**0**||**1,344**|**-825**||**0**||**-825**| |Fund balances at 1 Oct||||||||||||| |2019 (2018)|||-728||0||-728|97||0||97| |**Fund balances at 30**||||||||||||| |**September 2020 (2019)**|||**616**||**0**||**616**|**-728**||**0**||**-728**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 3 **BALANCE SHEET as at 30 September 2020** |**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Debtors
**6**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**7**
Net current assets/(liabilities)
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**8**
**Net assets/(liabilities)**
**Income funds**
Unrestricted funds
**9**
Restricted funds|**2020**
**£**
**£**
0
903
12
915
-299
616
616
0
616
616
0
616|**2019** as amended
**£**
**£**
0
5
210
215
-943
-728
-728
0
-728
-728
0
-728|**2019** as amended
**£**
**£**
0
5
210
215
-943
-728
-728
0
-728
-728
0
-728| |---|---|---|---| ||||| ||||-728
0| ||||-728| ||||-728
0| ||||-728| 4 BALANCE SHEET IcopmNUEDI AS AT 30 September 2020 The company is entitled to the exernption from the audit requi￿ment(01thlned in Settlon 477 of the Compan￿$ Act 2006, for the yearended 30 September 2020. The directors acknowled8e their res￿nsIbIlitIeS1or ensunn8that the charlry keeps aCCOUntlng records whit comply with 5ectK)n 386 of the Att and lor preparin8 li￿nCial 5tstementswhich 8Ne a twe and fair view of the state of affairs of the company as at the et)d of the linancial year and of its irKomiNR resourcesand application of resources, including Its Income and eMi*ndityre, for the financial ye•r In accordance with ihe requirementsol sections 394 and 395 and whKh otherwise compty wrth the ie4uirements of the Compan￿5 Act 2CQ6 It￿lInG to Iln¥n¢l•l staternents. so lar Is applicab* io ihe comp•ny. The rnern￿rs have not required the comp•nyto obtaln an audit of fts flnanc*l ststements for the year In question In accordance wrth s*rtion 476. These flnanclal stattmefits have be¢n prepaved IA Kcord•￿e with thè w0vis1o￿ applk•b* toCompan￿5 sub>ect to thè small £ornpafi*s re8ime. The fln••ti•l st•tements wefe appro¥ed by ttr* Trusteeson 18June 2021. Mr Klaus Thymann TN5t•• Comp•ny Rtylrtr•tlon No. 7383221 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2020** ## **1 Accounting policies** ## **Charity information** Project Pressure Archive is a private company limited by guarantee incorporated in England and Wales. The registered office is at 10 Knatchbull Road, London SE5 9QS ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. ## **1.3 Incoming resources** Donations, legacies, grants etc. are accounted for when due to the charity, where applicable, with their associated tax recoverable element. Project income is credited to the statement of financial activities for the period in which the related project takes place. Fees received in advance of future projects are deferred. All other income is recognised when it is receivable. No income is recorded net of expenses except where these are beyond the control or knowledge of the trustees. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 6 **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED** **30 September 2020** **(Continued)** ## **1 Accounting policies** ## **1.4 Resources expended** Resources expended are recognised in the period in which they are incurred except that project expenses are recognised in the period in which the project takes place. Governance costs are those necessary for the charity to meet constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. ## **1.5 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Furniture and office equipment 20% reducing balance Motor vehicles 20% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Taxation** The charitable company is exempt from corporation tax since all its income is charitable and is applied for charitable purposes. 7 **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 September 2020** ## **2 Critical accounting estimates and judgements** In the application 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 considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Charitable activities** |**3 Charitable activities**|||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||**2020**|**2019**|| ||||||||**£**|**£**|| |Production costs|||||||39,240|53,537|| ||||||||39,240|53,537|| |Share of support costs (see note|4)||||||177|261|| |Share of governance costs (see note 4)|||||||299|400|| ||||||||39,716|54,198|| |**Analysis by fund**|||||||||| |Unrestricted funds|||||||39,716|54,198|| |Restricted funds|||||||0|0|| ||||||||39,716|54,198|| |**4 Support costs**|||||||||| |**Support**||**Governance**|||**2020**||**2019**||**Basis of**| |**costs**||**costs**|||||||**allocation**| |**£**||**£**||**£**||**£**|||| |Bank Charges|177||||177||261||| |Independent Examination|||299||299||400||Governance| |Analysed between|177||299||476||461||| |Charitable activities|177||299||476||461||| Governance costs include payments to the Independent Examiner of £299 (2019: £400) 8 **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** **FOR THE YEAR ENDED 30 September 2020** ## **5 Trustees** Trustees remuneration for the year was 0. |**6 Debtors**
**Amounts falling due within one year:**
Trade Debtors
Other Debtors
**7 Creditors: amounts falling due within one year**
**8 Creditors: amounts falling due after more than one year**
**9 Analysis of net assets between funds**
Fund balances at 30 September 2020 are represented
by:
Tangible assets
Current assets/(liabilities)
Long term liabilities|**2020**
**£**
903
903
**General fund**
**£**
0
616
616|**2019**
**£**
5
5
**2020**
**2019**
**£**
**£**
299
943
0| |---|---|---| |||299
943| |||**2020**
**2019**
**£**
**£**
0
0| |||0
0| |||**Restricted**
**Total**
**fund**
**£**
**£**
0
0
0
616| |||0
616| 9 **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 September 2020** ## **10 Related Party Transactions** There were no transactions with related parties. ## **11 Limited by guarantee** The charitable company is constituted as a company limited by guarantee. In the event of winding up the liability of the guarantors i s limited to £1 each. 10