## **NO 1 PERFORMING ARTS**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31ST MARCH 2022**
Charity Number: 1182507 Company Number 9288819 Business Address: Karibu Education Centr 7 Gresham Road London, SW9 7PH Management Committee Kaluba Chitumbo - Chai Officers: Judy Bovell - Treasurer Olive Allen Hector - Sec Bankers: National Westminster B PO Box No 3059 145 Clapham High Stre London, SW4 7SW Independent Examiners: Leroy Reid & Co.
Leroy Reid & Co. Chartered Certified Acc Registered Auditors 299 Northborough Road Norbury London SW16 4TR
## **NO 1 PERFORMING ARTS**
## **INDEX TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31ST MARCH 2022**
## **CONTENTS**
Report of the Management Committee
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
## **REPORT OF THE MANAGEMENT COMMITTEE TO THE MEMBERS OF NO 1 PERFORMING ARTS**
The management committee members who are also the directors of the char Companies Act, present their annual report and the financial statements for the yea
## **Status**
NOPA is a registered charity with a company limited by guarantee status. The man that the provisions of the charity's governing document have been complied with review.
Its predecessor was a registered charity and governed by a constitution adopted on
## **Objective and principal activities of the charity**
The principal activities of NOPA is the advancement of education of the general other arts through provision of training, advice holistic counselling and excursions i
## **Development, activities and achievements for the year**
In the year 2021/2022, the resilience of No. 1 Performing Arts (NOPA) was tested our service users were presented with the usual problems, including learning diff accommodation, homelessness, poverty and deprivation as in previous years, intensified this year by the covid pandemic. Out of desperation, some parents went search of assistance to deal with their living conditions. The school in turn called on presented NOPA with one of its biggest challenges, as finding solutions for the economic climate was tantamount to searching for a needle in a haystack. How plight of those families; seeing children, adolescents and adults existing on the ma nothing was not an option that we could take.
Fortunately, with the relentless effort of NOPA’s staff and volunteers, along with emergency grants, we were able to provide extra training projects, workshops and guidance to relieve some of their challenges. The management team, business con toiled tirelessly to give NOPA’s financial position a strong operational foundation improve the level of stability. As a result, we were able to strengthen our infrastru development, formed new partnerships, increased our complement of staff and vent For example,
- we recruited additional staff to carry out outreach and mentoring tasks.
- we extended the Stronger Together outreach support for girls and young wome
A good selection of leisure and educational activities were provided, during the young people who were involved in the mentoring, outreach and counselling progra
During the pandemic and lockdown period, we continued to deliver all our services s
- delivering face-to-face services wherever possible and via Zoom;
- securing assistance for most families in desperate need who were referred to us
## **REPORT OF THE MANAGEMENT COMMITTEE TO THE MEMBERS OF NO 1 PERFORMING ARTS**
## **Development, activities and achievements for the year (Continued)**
- assisting many families to address behavioural and domestic issues;
- guiding parents to become more resourceful in managing their affairs to reduce th[helping families to access emergency financial assistance to acquire essential i]
- furniture bedding and white goods;
- • securing a small grant from Lambeth Council that enabled us to provide 12 chi also provided a training session for parents, which enabled them to support t and keep them safe online.
During the pandemic, we increased our capacity to work with three primary scho and a sixth form college.
## **Progress**
Our performance has caught the attention of, and impressed, personnel at Londo universities. They have placed students with NOPA to gain practical experience t development. The students, in turn, have strengthened our investigative ca contributions to our knowledge of the impact that social and psychological defici Their findings have helped us to develop and enhance our services.
We improved the earning opportunity of existing staff by extending their working ho basis. We also were able to supplement the earnings of all staff with a complementa health and wellbeing.
We invested in a new improved website to increase publicity and enhance our marke
We maintained efficient control of our financial system so that we were able to del remain solvent.
Looking ahead, in an effort to attain long-lasting sustainability; as well as to quicken sufficiency, we are:
- working hard at networking with other bodies, such as, community organization private enterprises;
- actively trying to secure new sources of funding to replace ones that are nearing
- devising a five-year income/expenditure strategy to ensue efficient operational m maintained;
- working collaboratively with the Windmill Schools Cluster and Brixton Learnin will increase our funding opportunities and has the potential to increase our fina
# **REPORT OF THE MANAGEMENT COMMITTEE TO THE MEMBERS OF NO 1 PERFORMING ARTS**
## **Development, activities and achievements for the year (Continued)**
We are actively working to alleviate poverty and socio-economic deprivation in our c
We thank our funders Impact on Urban Health, the National Lottery Community F City Bridge, Lambeth Digital Inclusion, London Catalysts, our partners, staff and and contributions which enabled us to develop and expand the work that we do.
## **Financial Position**
Details of the charity's financial affairs for the year under review are shown on statement.
## **Reserves**
It is the policy of the charity to maintain unrestricted funds at a level which equat plus 10%. This provides sufficient funds to cover management, administration and reserves have been earmarked for specific projects.
## **Risk Management**
The trustees actively review the major risk which the charity faces on a reg maintaining reserves at current levels, combined with an annual review of the systems, will provide sufficient resources in the event of adverse conditions. The other operational and business risks faced by the charity and confirm that they mitigate the significant risks.
## **Management Committee**
|The members of the management committee as at the end of the year were:|The members of the management committee as at the end of the year were:|
|---|---|
|Kaluba Chitumbo|Chair|
|Olive Allen Hector|Secretary|
|Desmond Clarke|Member|
|John Maclean|Member|
|Judy Bovell|Treasurer|
|Jeanette Springer|Member|
## **Recruitment and appointment of Management Committee**
Under the requirements of the constitution the members of the Management Comm a period of one year after which they must be re-elected at the next Annual General
## **REPORT OF THE MANAGEMENT COMMITTEE TO THE MEMBERS OF NO 1 PERFORMING ARTS**
## **Management Committee Responsibilities For The Financial Statements**
The law requires us the management committee to prepare the financial statement true and fair view of the state of affairs of the organisation and of its surplus an preparing the financial statements we are required to:
- (a) select suitable accounting policies and apply them consistently throu
- (b) make judgements and estimates that are reasonable and prudent
- (c) state whether applicable accounting standards have been follow departures that should be disclosed and explained in the financial st
(d) prepare the financial statements on the going concern basis u presume that the organisation will continue in business.
We are responsible for keeping proper accounting records which disclose with reaso the financial position of the charity and enable them to ensure that the financial stat Charities Act 2011.
We are also responsible for safeguarding the assets of the charity and takin prevention and detection of fraud and other irregularities should they exist.
## **Examiner**
Messrs Leroy Reid & Co. have indicated their willingness to serve as the ind resolution re-appointing them will be proposed at the annual general meeting.
## **By Order Of The Management Committee**
Director Judy Bovell
## **REPORT OF THE EXAMINERS TO THE MEMBERS OF NO 1 PERFORMING ARTS**
We report on the financial statements of the charity for the year ended 31st March 2 pages 6 to 12.
The financial reporting framework that has been applied in their preparation is Kingdom Accounting Standards including Financial Reporting Standard 102.
## **Respective Responsibilities of Trustees and Examiners**
As the charity's trustees, you are responsible for the preparation of the accounts audit requirement of Section 144(2) of the Charities Act 2011 (the 2011 Act) independent examination is needed.
Having satisfied ourselves that the charity is not subject to an audit and is examination, it is our responsibility to:
- (I) examine the accounts under section 145 of the 2011 Act
- (ii) to follow the procedures laid down in the general Directions given by the Charit Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report**
Our examination was carried out in accordance with the General Directi Commissioners. An examination includes a review of the accounting records comparison of the accounts presented with those records. It also includes considera disclosures in the accounts, and seeking explanations from you as trustees conce procedures undertaken do not provide all the evidence that would be required in a opinion is given as to whether the accounts present a 'true and fair view' and th matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention:
(1) which give us reasonable cause to believe that in any material respec
- to keep accounting records in accordance with Section 130 of the
- to prepare accounts which accord with the accounting records an with the accounting requirements of the 2011 Act have not been
(2) to which, in our opinion, attention should be drawn in order to enab be reached.
LEROY REID & CO
CHARTERED CERTIFIED ACCOUNTANTS AND REGISTERED AUDITORS 299 Northborough Road
Norbury
London SW16 4TR
## **NO 1 PERFORMING ARTS STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2022**
|**INCOMING RESOURCES**
**Charitable activities**
Grants
**Generated funds**
Activities and Donations
**Total incoming resources**
**RESOURCES EXPENDED**
Charitable activities
Total resources expended
Net Incoming resources
Funds brought forward
**Funds carried forward**|**NOTES**
1(b) & 2
1(b) & 3
1(b)
1(g) & 4|Restricted|Restricted|Restricted|Restricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||206,627
-|||-
6,359
6,359
2,497
2,497
3,862
24,995
**£28,857**|
||||206,627
215,514
215,514
(8,887)
72,546
**£63,659**|206,627||||
|||||215,514||||
|||||215,514||||
||||||(8,887)
72,546|||
There were no recognised gains and losses other than those passing through the Income and Expenditure
The accompanying notes form an integral part of the accounts
## **NO 1 PERFORMING ARTS BALANCE SHEET AS AT 31ST MARCH 2022**
|||**NOTES**|
|---|---|---|
|**FIXED ASSETS**||5|
|**CURRENT ASSETS**|||
|Cash and bank|balances||
|**CREDITORS:**|**Amounts falling due within one year**|6|
|**NET CURRENT (LIABILITIES) ASSETS**|||
|**NET ASSETS**|||
|**FINANCED BY:**|||
|**FUNDS**|||
|Restricted fund||7|
|Unrestricted fund||7|
|The directors|are satisfed:||
|(a)|that for the year in question the company is entitled to the||
||Section 477(2) of Companies Act 2006.||
|(b)|that no notice has been deposited under Section 476 of t||
||accounts for the fnancial year.||
|The directors|acknowledge their responsibilities for:||
|(i)|ensuring that the company keeps accounting records which co||
||Companies Act 2006, and||
|(ii)|preparing accounts which give a true and fair|view of the state|
||as at end of the fnancial year and of its proft or loss for the fn||
||with the requirements of Section 394 and 395 of the Act, an||
||with the requirements of the Act relating to|the accounts, s|
|The fnancial|company
statements have been prepared in accordance with the pro||
|Companies Act 2006 relating to small companies.|||
Approved by the Management Committee and signed on its behalf:
Kaluba Chitumbo ….................................................................
The accompanying notes form an integral part of the accounts
## **NO 1 PERFORMING ARTS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2022**
1. **ACCOUNTING POLICIES**
a)
## **Accounting Convention**
The accounts are prepared under the historical cost convention. Th been prepared in accordance with the statement of Recommende Reporting by Charities preparing their accounts in accordance w Standard applicable in the UK and Republic of Ireland (Chariti Charities Act 2011).
No 1 Performing Arts constitutes a public benefit entity as defined by
b)
## **Income**
All incoming resources are included in the statement of financial a entitled to the income and the amount can be quantified with reason specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gift a delivery of a specific performance by the company, and is recognise unconditionally entitled to the grant.
Investment income is included when receivable.
Incoming resources from charitable trading activity are accounted resources from grants, where related to performance and deliverab charity earns the right to the consideration by its performance.
c)
## **Depreciation**
Depreciation is provided at rates which are intended to write off the estimated useful lives as follows:
Equipment and Furniture
25%
d)
## **Fund Accounting**
Grants and similar income which are subjected to restrictions b restricted funds and any expenditure incurred will be set off agains and expenditure are shown as unrestricted.
## **NO 1 PERFORMING ARTS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2022**
e)
## **Resources Expended**
Resources expended are included in the Statement of Financial Ac inclusive of any VAT, which cannot be recovered. Expenditure whi specific activates has been included in these cost categories. Whe more than one activity, they have been apportioned across the cos basis with the use of these resources.
(f) **Value added tax**
Value added tax is not recoverable by the charity and as such is inclu the Statement of Financial Activities.
g)
## **Charitable activities**
Cost of activities represents those cost incurred by the charity in and services for the beneficiaries. It includes both cost that can b activities and those cost of an indirect nature necessary to support th
## **NO 1 PERFORMING ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINU YEAR ENDED 31ST MARCH 2022**
|2
**GRANTS**
National Lottery Community Fund
Walcot Foundation
Impact on Urban Health
Lambeth General
London Community Response
Lambeth CLIPS
3
**ACTIVITIES AND DONATIONS**
Students fee and fundraising
4
**CHARITABLE ACTIVITIES**
Salaries and wages
Professional and consultancy fees
Website and promotion
Covid hardship fund
Wellbeing expenses
Summer project
Honorarium
Vounteer expenses
Postage, stationery, printing & telephone
Computer consumables & workshop
Training, materials and resources
Donations and subscriptions
Travel, subsistence and general
Insurance
Accountancy and examination
Interest and bank charges|Restricted|Restricted|Unrestricted|
|---|---|---|---|
||76,627
25,000
100,000
5,000
-
-
£206,627
Restricted|76,627
25,000
100,000
5,000
-
-
£206,627|-
-
-
-
-
-
£0
Unrestricted|
||-
-
£0
Restricted
161,185
14,130
890
8,139
9,587
5,923
-
1,325
3,135
3,405
4,482
519
15
734
1,800
245
£215,514||6,359
0
£6,359
Unrestricted
-
-
200
-
-
-
-
-
1,337
-
-
-
178
-
782
0
£2,497|
||||
|
## **NO 1 PERFORMING ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINU YEAR ENDED 31ST MARCH 2022**
5
## **FIXED ASSETS**
COST OR VALUATION Opening balance Additions for the year Disposal Closing balance
ACCUMULATED DEPRECIATION Opening balance Charge for the year Disposal Closing balance
NET BOOK VALUE as at 31st March 2022
as at 31st March 2021
Other taxation and social security Other creditors and accruals
6 **CREDITORS: Amounts falling due within one year**
## **NO 1 PERFORMING ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINU YEAR ENDED 31ST MARCH 2022**
## 7 **UNRESTRICTED FUND GENERAL FUND**
Opening balance Surplus (deficit) for the year Closing balance
## **RESTRICTED FUND**
Opening balance Surplus (deficit) for the year Closing balance
## 8 **ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**||||
|---|---|---|---|
|Tangible Fixed Assets
Net current assets|Restricted|||
|||-
63,659
£63,659|-
63,659|
## **TRUSTEES REMUNERATION AND EXPENSES**
No remuneration was paid to trustees in the year, nor were any expe reimbursed to them.
10
## **NO 1 PERFORMING ARTS INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST MARCH 2022**
|**INCOMING RESOURCES**
Grant
Activities and donation
**COST OF CHARITABLE ACTIVITIES**
Salaries and wages
Professional and consultancy fees
Website and promotion
Covid hardship fund
Wellbeing expenses
Summer project
Honorarium
Vounteer expenses
Postage, stationery, printing & telephone
Computer consumables & workshop
Training, materials and resources
Donations and subscriptions
Travel, subsistence and general
Insurance
Accountancy and examination
Interest and bank charges
Total resources expended
Net incoming resources|Restricted|Restricted|Unrestricted|Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||206,627
-
______
206,627
161,185
14,130
890
8,139
9,587
5,923
-
1,325
3,135
3,405
4,482
519
15
734
1,800
245
£215,514|206,627
-
______
206,627|
|-
6,359
______
6,359
-
-
200
-
-
-
-
-
1,337
-
-
-
178
-
782
0
£2,497
**£3,862**|-
6,359
______
6,359
-
-
200
-
-
-
-
-
1,337
-
-
-
178
-
782
0
£2,497|-
6,359
______
6,359|
||**£(8,887)**||||||
retary
ountants and
PAGE
8-12
1
ity for the purposes of the ar ended 31st March 2022.
nagement committee confirm h throughout the year under
28th October 1997.
public in music, drama and in safe environment.
d to the maximum. Although fficulties, poor housing/living , the problems were more t to their children’s school in n NOPA to find solutions. This se problems, in the current wever, having witnessed the rgins of society, meant doing
generous gift offerings and d essential items, advice, and nsultant/fund raiser, as usual and strived to maintain and ucture, explore new areas of tured into new areas of work.
n.
summer school holidays, for ammes.
successfully by:
2
by schools;
heir dependency; items such as food, clothing, ldren with a laptop each. We their children’s development
ools, two secondary schools,
on Southbank and Goldsmith to enhance their educational pacity; and made valuable iency have on communities.
ours to a more full-time ary fund to enhance their
eting strategy.
liver an effective service and
n our pace towards self-
ns, statutory agencies and
g their expiry dates;
monitoring and consistency is
ng Alliance. This partnership ancial stability.
3
community.
Fund, the Walcot Foundation, volunteers for their support
pages 6-12 of the financial
te to 3 months running costs support cost. Currently most
ular basis and believe that controls over key financial trustees have also examined have established systems to
mittee are elected to serve for l Meeting.
4
ts for each year which give a nd deficit for that period. In
ugh the years
wed, subject to any material atements.
nless it is inappropriate to
onable accuracy at any time tements comply with the
ng reasonable steps for the
dependent examiners and a
5
2022, which are set out on
s applicable law and United
s. You also consider that the does not apply and that an
s eligible for independent
ty
ions given by the Charity kept by the charity and a ation of any unusual items or rning any such matters. The n audit, and consequently no he report is limited to those
ct the requirements
e2011 Act; and
nd comply met; or
ble a proper understanding to
6
|**2022**
206,627
6,359
212,986
218,011
218,011
(5,025)
97,541
**£92,516**|**2021**
189,864
25,227
215,091
170,977
170,977
44,114
53,427
**£97,541**|**2021**
189,864
25,227
215,091|**2021**
189,864
25,227
215,091|**2021**|
|---|---|---|---|---|
|||170,977|||
|||170,977|||
||||44,114
53,427||
7
|**2022**
1
97,066
97,066
(4,551)
92,515
**£92,516**
63,659
28,857
______
**£92,516**|**2021**
1
104,273
104,273
(6,733)
97,540
**£97,541**|**2021**
1
104,273|**2021**
1
104,273|
|---|---|---|---|
|||104,273||
||||(6,733)|
||72,546
24,995
______
**£97,541**|||
exemption from audit by
he Act in relation to the
omply with Section 386 of th
e of affairs of the company i nancial year in accordance d which otherwise comply so far as applicable to the
ovisions of Part 15 of the
Date……………………
8
he financial statements have ed Practice: Accounting and with the Financial Reporting es SORP FRS 102 and the
y FRS 102
activities when the charity is nable accuracy. The following
and is not conditional on the d when the charity becomes
d for when earned. Incoming bles, are accounted for as the
cost of the assets over their
by the donors are shown as st the fund. All other income
9
ctivities on an accrual basis, ch is directly attributable to ere costs are attributable to st categories on a consistent
uded in the relevant costs in
the delivery of its activities be allocated directly to such hem.
10
## **UED)**
|
|**2022**
76,627
25,000
100,000
5,000
-
-
£206,627
**2022**
6,359
0
£6,359
**2022**
161,185
14,130
1,090
8,139
9,587
5,923
-
1,325
4,472
3,405
4,482
519
193
734
2,582
245
£218,011|**2021**
74,397
52,172
-
-
59,045
4,250
£189,864|**2021**
74,397
52,172
-
-
59,045
4,250
£189,864|**2021**|
|---|---|---|---|---|
|||**2021**
25,227
0
£25,227
**2021**
136,570
19,011
5,011
3,543
-
-
1,000
-
1,560
-
1,091
96
174
666
2,124
131
£170,977|**2021**
25,227
0
£25,227|**2021**|
|||||**2021**|
11
## **UED)**
|**Furniture &**
**Equipment**
3,687
-
-
3,687
3,686
-
-
3,686
£1
£1
**2022**
208
4,343
£4,551|**Total**
3,687
-
-
3,687
3,686
-
-
3,686
£1
£1
**2021**
3,776
2,957
£6,733|**Total**|
|---|---|---|
|||3,687
-
-
3,687|
|||3,686
-
-
3,686|
|||£1
£1
**2021**|
|||3,776
2,957|
12
## **UED)**
|**2022**
24,995
3,862
£28,857
**2022**
72,546
(8,887)
£63,659|**2021**
7,579
17,416
£24,995|**2021**
7,579
17,416|**2021**|
|---|---|---|---|
||**2021**
45,848
26,698
£72,546|**2021**
45,848
26,698|**2021**|
|Unrestricted
1
28,856
£28,857|**Total**
1
92,515
£92,516|
|---|---|
|||
enses
||**2022**
206,627
6,359
______
212,986
161,185
14,130
1,090
8,139
9,587
5,923
-
1,325
4,472
3,405
4,482
519
193
734
2,582
245
£218,011
**£(5,025)**|**2021**
189,864
25,227
______
215,091
136,570
19,011
5,011
3,543
-
-
1,000
-
1,560
-
1,091
96
174
666
2,124
131
£170,977|**2021**
189,864
25,227
______
215,091|**2021**|
|---|---|---|---|---|
|||**£44,114**|||