##
##
##
##
##
||||Page|
|---|---|---|---|
|Reference and Administrative||I3etaiis ofthe Charity, its Trustees and Advisers||
|Chair's Statement|||2-3|
|Trustees' Report|||4-16|
|Independent
Auditors'|Report|on the Financial Statements|17-20|
|Statement ofFinancial|Activities||21|
|Balance Sheet||||
|Statement
ofCash Flows|||23|
|Notes to the Financial|Statements||24 - 34|
##
##
|Trustees|||H Abrams||
|---|---|---|---|---|
||||Z Alsukhny||
||||I Dahir||
||||R Dedman||
||||E Donald||
||||K Hirani, Chair||
||||M Holt||
||||TJames||
||||S Mullings-Johnson||
||||L Stonock||
||||A Zafirakou||
||||JWilliams||
||||D Halsby||
|Company
number|registered||11876428||
|Charity registered
number|||1185414||
|Registered||office|Metroland|Studios|
||||91 Kilbum|Sqaure|
||||London||
||||England||
||||NW6 6PS||
|Company|secretary||K Hirani||
|Chief executive officer|||L Stonock||
|Independent||auditors|Dains Audit Limited||
||||Suite 2, Albion House||
||||2 Etruria Office Village||
||||Forge Lane||
||||Stoke on Trent||
||||ST1 5RO||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2023f|2023f|2023f|2022f|
|Income from:||||||||
|Charitable
activities|||4|120,000|510,024|630,024|593,905|
|Other income|||5|1,663||1,663||
|Total income||||121,663|510,024|631,687|593,906|
|Expenditure
on:
Raising funds||||17,700||17,700|17,450|
|Charitable
activities:||||||||
|Artistic Programmes||and Events||609,045|423,346|1,032,391|515,872|
|Other Community|Engagement||||88,926|88,926|36,796|
|Total expenditure||||626,745|512,272|1,139,017|570,118|
|Net movement
in funds||||(505,082)|(2,248)|(507,330)|23,788|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||722,530|2,248|724,778|700,990|
|Net movement
in funds||||(505,082)|(2,248)|(507,330)|23,788|
|Total funds carried|forward|||217,448||217,448|724,778|
##
##
##
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Note||E||E|
|Fixed assets|||||||||
|Tangible assets||||||5,405||8,107|
|||||||5,405||8,107|
|Current assets|||||||||
|Debtors||||12|282,332||319,354||
|Cash at bank|and|in hand|||302,787||991,109||
||||||585,119||1,310,463||
|Creditors: amounts||falling|due within one||||||
|year||||13|(373,076)||(593,792)||
|Net current|assets|||||212,043||716,671|
|Total assets|less|current|liabilities|||217,448||724,778|
|Total net assets||||||217,448||724,778|
|Charity funds|||||||||
|Restricted funds||||14||||2,248|
|Unrestricted|funds|||14||217,448||722,530|
|Total funds||||||217,448||724,778|
##
##
|||2023f|2022f|
|---|---|---|---|
|Cash flows from operating
activities||||
|Net cash provided
by operating
activities -see note 15||(688,322)|482,328|
|Cash flows from investing
activities||||
|Purchase
oftangible fixed assets|||(10,810)|
|Net cash provided
by/(used
in) investing|activities||(10,810)|
|Net cash provided
by financing
activities||||
|Change
in cash and cash equivalents
in|the year|(688,322)|471,518|
|Cash and cash equivalents
at the beginning|ofthe year|991,109|519,591|
|Cash and cash equivalents
at the end of|the year|302,787|991,109|
|The notes on pages 24 to 34 form part ofthese financial statements||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2023|
||||E|E||
|London|Borough of Brent||120,000|300,000|420,000|
|John Lyon's Charity||||2,000|2,000|
|National|Lottery Community|Fund||208,024|208,024|
|Other grants||||||
||||120,000|510,024|630,024|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
||||E|E|F|
|London|Borough of Brent||120,000|400,000|520,000|
|John Lyon's Charity||||20,000|20,000|
|National|Lottery Community|Fund||51,976|51,976|
|Other grants|||1,930||1,930|
||||121,930|471,976|593,906|
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||E|6|6|
|Merchandise|income|1,663|1,663||
|Interest|||||
|||1,663|1,663||
##
##
|Unrestricted|Total|
|---|---|
|funds|funds|
|2023|2023|
||6|
|17,700|17,700|
|Unrestricted|Total|
|---|---|
|funds|funds|
|2022f|2022|
|17,450|17,450|
##
##
##
|||||Direct|Support|Total|
|---|---|---|---|---|---|---|
|||||CcstS|costs|funds|
|||||2023f|2023
6|2023
6|
|Other|Community|Engagement||88,926||88,926|
|Artistic|Programmes||and Events|843,940|188,451|1,032,391|
|||||932,866|188,451|1,121,317|
|||||Direct|Support|Total|
|||||costs|costs|funds|
|||||2022|2022|2022|
|||||||6|
|Other|Community|Engagement||36,796||36,796|
|Artistic|Programmes||and Events|390,844|125,028|515,872|
|||||427,640|125,028|552,668|
##
||||Raising
funds|Charitable
activities|Total
funds|
|---|---|---|---|---|---|
||||2023|2023|2023|
||||6|||
|Marketing
Consultancy
Overheads|and|contractors|17,700|18,952
125,377
34,032|18,962
143,077
34,032|
|Audit||||10,090|10,090|
||||17,700|188,451|206,151|
##
##
##
||||Raising|Charitable|Total|
|---|---|---|---|---|---|
||||funds|activities|funds|
||||2022|2022|2022|
||||F|6|F|
|Marketing||||||
|Consultancy|and|contractors|17,450|33,413|50,863|
|Overheads||||82,515|82,515|
|Audit||||9,100|9,100|
||||17,450|125,028|142,478|
|Staff costs||||||
|---|---|---|---|---|---|
|||||2023|2022|
||||||6|
|Wages and|salaries|||111,874|89,865|
|Social security costs||||4,066|4,324|
|Contribution|to defined|contribution|pension schemes|1,901|1,073|
|||||117,841|95,262|
|2023|2022|
|---|---|
|No.|No.|
##
##
|Notes|to the Financial Statements|||
|---|---|---|---|
|For the Year Ended 31 March 2023||||
|11.|Tangible fixed assets|||
||||Computer|
||||equipment|
||Cost or valuation|||
||At 1 April 2022||10,810|
||At 31 March 2023||10,810|
||Depreciation|||
||At 1 April 2022||2,703|
||Charge for the year||2,702|
||At 31 March 2023||5,405|
||Net book value|||
||At 31 March 2023||5,405|
||At 31March 2022||6,107|
|12.|Debtors|||
|||2023|2022|
|||E||
||Due within one year|||
||Amount
due from Brent Council|252,000||
||Other debtors|326|149,600|
||Prepayments
and accrued income|30,006|169,754|
|||282,332|319,354|
##
##
##
||||2023|2022|
|---|---|---|---|---|
||||E|F.|
|Trade creditors|||84,705|192,039|
|Other taxation|and social security||29,157|83,786|
|Other creditors|||221,004|196,003|
|Accruals and deferred||income|38,210|121,964|
||||373,076|593,792|
##
|Statement|offunds - c|urre|nt year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||||Balance at 1|||31 March|
|||||April 2022|Income|Expenditure|2023|
|||||E|E|F|E|
|Unrestricted|funds|||||||
|Unrestricted|funds|||722,530|121,663|(626,745)|217,448|
|Restricted|funds|||||||
|John Lyons|||||2,000|(2,000)||
|National
Lottery Community|||fund||208,024|(208,024)||
|Legacy of Brent Culture||Fund||2,248|300,000|(302,248)||
|||||2,248|510,024|(512,272)||
|Total offunds||||724,778|631,687|(1,139,017)|217,448|
##
##
##
##
##
|Statement
|offunds - prior|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at|||31 March|
||||1 April 2021|Income|Expenditure|2022|
|Unrestricted|funds||||||
|Unrestricted|funds||700,990|121,930|(100,390)|722,530|
|Restricted|funds||||||
|John Lyons||||20,000|(20,000)||
|National
Lottery Community||Fund||51,976|(51,976)||
|Legacy of Brent Culture Fund||||400,000|(397,752)|2,248|
|||||471,976|(469,728)|2,248|
|Total offunds|||700,990|593,906|(570,118)|724,778|
##
|Reconciliation
of n|et|movem|ent|in fun|ds t|o net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
|||||||||||6|
|Net
income/expenditure
Activities)||for|the|year|(as|per|Statement|of Financial|(507,330)|23,788|
|Adjustments
for:
Depreciation
charges
Decrease in debtors|||||||||2,703
37,021|2,703
401,553|
|Increase/(decrease)|in|creditors|||||||(220,716)|54,284|
|Net cash provided|by/(used||in)|operating||activities|||(688,322)|482,328|
##
##
##
##
##