REGISTERED
CHARITY NUMBER: 11689909
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 8 August 2023
for
Colab Charitable Foundation
Grant Harrod Lerman Davis LLP Chartered Accountants Ist Floor Healthaid House Marlborough Hill Harrow Middlesex HAI 1UD
Colab Charitable Foundation
| Contents of the Financial Statements | |||
|---|---|---|---|
| for the year ended 8 August 2023 | |||
| Page | |||
| Report of theTrustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| DetailedStatementofFinancialActivities | 10 |
Colab Charitable Foundation
Report of the Trustees for the year ended 8 August 2023
The trustees present their report with the financial statements of the charity for the year ended 8 August 2023 The trustees have adopted the provisions of 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)
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the arts for the public benefit by the promotion in particular, but not exclusively, of the art of drama
Significant activities
Coming out of the pandemic and with things seeming to get back to normal we had several opportunities to produce shows which we did It went well and we opened. The productions have advanced the arts significantly. Making a precedent for immersive theatre and programming a multitude of different productions that have benefited the public. It has made a wonderful hub of drama advancement that has had many members of the public come and benefit from it We have maintained our lease on one venue this year and signed another lease so both venues can contribute to advancing of the arts and opening the doors to theatre in more places.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Arts Education and Outreach.
The Foundation has successfully implemented a range of arts programs, reaching diverse demographics and fostering creativity among individuals who may not have had access to art Workshops, masterclasses, and community outreach initiatives have brought the arts to new audiences, nurturing a love for creativity
Support for Emerging Artists:
Recognizing the importance of nurturing talent, the Foundation has provided grants, scholarships, and mentorship programs to emerging artists. This support has not only helped individual artists pursue their passions but has also contributed to the growth ofa dynamic and diverse artistic community.
Cultural Events and Exhibitions:
The Foundation has organized and sponsored a variety of cultural events, exhibitions, and performances, showcasing, the talents of established and emerging artists alike. These events have not only provided a platform for artists to share their work but have also enriched the cultural tapestry of the communities we serve.
FINANCIAL REVIEW
Reserves policy
The reserves are to be spent on all new projects
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1168909
Principal address
28 Balham Park Road London Wandsworth SW12 8DU
Trustees BH Watkins Mrs C Chase T Davies Ms A Sanford
Page |
Colab Charitable Foundation
Report of the Trustees for the year ended 8 August 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Jeremy Harrod Grant Harrod Lerman Davis LLP Chartered Accountants Ist Floor Healthaid House Marlborough Hill Harrow Middlesex HA! 1UD 12 J Approved by order ofthe board oftrustees on 0!ln1&/./7.< YD... and signed on its behalfby CY)) B H Watkins - Trustee
Page 2
Independent Examiner's Report to the Trustees of Colab Charitable Foundation
Independent examiner's report to the trustees of Colab Charitable Foundation
| report to the chanty trustees on my examination of the accounts of Colab Charitable Foundation (the Trust) for the year endad § August 2023
Responsibilities and basis of report
\s the chanty trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’)
| report in respect of my examination ofthe Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act
Independent examiner's statement
| have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or 2 the accounts do not accord with those records; or 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which ts not a matter considered as part of an independent examination.
| 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 accounts to be reached.
Jeremy Harrod
Grant Harrod Lerman Davis LLP Chartered Accountants Ist Floor Healthaid House Marlborough Hill Harrow Middlesex HAI 1UD Date: .... feb eeceecaeeteees
Page 3
Colab Charitable Foundation
Statement of Financial Activities for the year ended 8 August 2023
| Unrestricted | Total | ||
|---|---|---|---|
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 87,239 | 15,964 | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 28,769 | 27,191 |
| Charitable activities | |||
| Charity Donation | 600 | 9,125 | |
| Total | 29,369 | 36,316 | |
| NET INCOME/(EXPENDITURE) | 57,870 | (20,352) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 26,279 | 46.631 | |
| TOTALFUNDSCARRIEDFORWARD | 84.149 | 26,279 |
lhe notes form part of these financial statements
Pape 4
Colab Charitable Foundation
Balance Sheet
8 August 2023
| Unrestricted | Total | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS |
|||
| Debtors | 5 | 15.036 | 21,848 |
| Cash at bank | 77,596 | 5,031 | |
| 92.632 | 26.879 | ||
| CREDITORS | |||
| Amounts falling due within oneyear | 6 | (8,483) | (600) |
| NET CURRENT ASSETS | 84,149 | 26,279 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 84,149 | 26,279 | |
| NETASSETS | 84,149 | 26.279 | |
| FUNDS | 7 | ||
| Unrestricted funds | 84,149 | 26,279 | |
| TOTALFUNDS | 84.149 | 26,279 |
The financial statements were approved by the Board of Trustees and authorised for issue on LOL. @.............. and were signed on its behalf by:
B H Watkins - Trustee
The notes form part of these financial statements
Pape §
Colab Charitable Foundation
1
Notes to the Financial Statements for the year ended 8 August 2023
ACCOUNTING POLICTES
Basis of preparing the financial statements
The financial statements of the charity, which ts a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 | January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of! Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, 1t is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of[the][trustees.]
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements
- RAISING FUNDS
Raising donations and legacies
| Raising | donations and legacies | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | g | ||
| Support | costs | 28,769 | 27.191 |
Page 6
continued
Colab Charitable Foundation
Notes to the Financial Statements - continued for the year ended 8 August 2023
3, TRUSTEES' REMUNERATION AND BENEFITS There were no trustees’ remuneration or other benefits for the year ended 8 August 2023 nor for the year ended 8 August 2022
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 8 August 2023 nor for the year ended 8 August 2022
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITLES | ||
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 15,964 | ||
| EXPENDITURE ON | |||
| Raising funds | 27,191 | ||
| Charitable activities | |||
| Charity Donation | 9,125 | ||
| Total | 36,316 | ||
| NET INCOME/(EXPENDITURE) | (20,352) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 46,631 | ||
| TOTAL FUNDS CARRIED FORWARD | 26.279 | ||
| 5. | DEBTORS: AMOUNTS FALLINGDUEWITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Otherdebtors | 15,036 | 21,848 |
Page 7
continued
Colab Charitable Foundation
Notes to the Financial Statements - continued for the year ended 8 August 2023
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | ||||
| Other creditors | 8,483 | 600 | |||
| 7, | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 9.8.22 | in funds | 8.8 23 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 26,279 | $7,870 | 84,149 | ||
| TOTAL FUNDS | 26,279 | 57,870 | 84.149 | ||
| Net movement in funds, included in theabove are as follows | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 87,239 | (29,369) | 57,870 | ||
| TOTALFUNDS | 87.239 | (29,369) | 37,870 | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| At | 9.8.21 | in funds | $822 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 46.631 | (20,352) | 26,279 | ||
| TOTAL FUNDS | 46,631 | (20,352) | 26,279 | ||
| Comparative net movement in funds, included in theabove are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 15,964 | (36,316) | (20,352) | ||
| POTALFUNDS | 15,964 | (36,316) | (20,352) |
Pave 8
continued
Colab Charitable Foundation
Notes to the Financial Statements - continued for the year ended 8 August 2023
7 MOVEMENT IN FUNDS - continued
| \ current vear |
12 months and poor year 12 | months combined position is as follows | ||
|---|---|---|---|---|
| movement | At | |||
| At9 8 2) | in funds | 8.8.23 | ||
| £ | £ | £ | ||
| Unrestricted | funds | |||
| General fund | 46,631 | 37,518 | 84,149 | |
| TOTALFUNDS | 46,631 | 37,518 | 84,149 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 103,203 | (65,685) | 37,518 |
| TOTALFUNDS | 103,203 | (65,685) | 37.518 |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 8 August 2023.
Pape 9
€ afeb ( Rariteatte Ferre dation
Dheteited Statement of Pie amcial (etm mies for the voar ended © (mower 29)8
| TNOOME AND ENDOW MENTS |
||||
|---|---|---|---|---|
| Deonmticme md legacies | ||||
| [ deerwate cer | 2 | |||
| Corarit: | 5 | ht | ||
| a | ) | S$ | O64 | |
| Total incoming resources | > 240 | 5 | 6S | |
| PENPENDITURE | ||||
| Charitable activities | ||||
| Crrarits to mstrtutons | - | » | 125 | |
| Support costs | ||||
| Management | ||||
| Rates and water | 10.668 | 25 | 364 | |
| Advertising | th | : | ||
| Sundries | 436 | - | ||
| 12.838 | 2S | 364 | ||
| Information technology | ||||
| Repairs and renewals | 14,200 | . | ||
| Governance costs | ||||
| Insurance | S93] | 1.23) | ||
| Accountancy and legal fees | 1.740 | 600 | ||
| 2,331 | S3) | |||
| Total resources expended | 29.369 | 36.316 | ||
| Netincome/(expenditure) | 87.870 | (20.382 |
This pape does not foun partot the statutory financial statements
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