2021-03-31-accounts

Legal &administrativ	Legal &administrativ	Legal &administrativ	e information
Charity registration			number	1189180
Company	registration		number	11369859
Trustees				Councillor Peter Brooks
				Councillor Denise Hyland
				Joy Salaja
				Ben Howarth
				Ines Anderson
				Lisa Stubbs
				Mary Rose
				Mary Elizabeth	Dale
				Michael Lewis
				Sally Manser
				Allan MacCarthy
				Philip Watkins
Registered		address		Wellesley House
				Duke ofWellington		Avenue
				Royal Arsenal
				London
				SE18 6SS
Operational		address		The Fireworks	Factory
				11No. 1 Street
				Woolwich
				London
				SE186HD
Bankers				Barclays Bank	Pic
				1 Churchill Place
				London
				E14SHP
Auditors				Simpson Wreford LLP
				Chartered Accountants
				Wellesley House
				Duke ofWellington		Av nue
				Royal Arsenal
				London
				SE18 6SS

					Restricted	Unrestricted
					funds	funds	Total	Total
					2021	2021	2021	2020
		Notes
Income
Charitable activities						500,000	500,000	2,204,838
Other Grant income					1,028,725		1,028,725
Total income					1 028 725	500000	1 528 725	2204 838
Expenditure
Charitable activities			3		254 690	379031	633 721	250 293
Total expenditure					254 690	379031	633721	250293
Net income before	transfers				774,035	120,969	895,004	1,954,545
Transfers
Gross transfers between		funds
Net income/(expenditure)
before other recognised
gains and losses					774,035	120,969	895,004	1,954,545
Other recognised gains
and losses
Net movement in funds					774,035	120,969	895,004	1,954,545
Reconciliation offunds:
Total funds brought Total funds carried	forward forward			15		1954545 1954545 14244144

			AT 31	MARCH	MARCH	2021
		Notes		2021			2020
			g			g
Fixed assets
Tangible assets		10		666,242				14,895
Intangible assets		11		220403				128250
					886,645			143,145
Current assets
Debtors		12	771,286				712,823
Cash at bank and in	hand		I 547 044				1 162622
			2,318,330				1,875,445
Current liabilities
Creditors: Amounts	falling due
within one period		13	~355 426				64045
Net current assets				1 962 904			1	811400
Total assets				2	R44~54		1	54
The funds ofthe Charity
Restricted funds				774,035
Unrestricted funds				2 075 514			1	954545
Total funds		15		2	4	4	1	54 545

	FOR THE YEAR ENDED	31MARCH 2	021
		Notes	2021	2020
Cash flows from operating	activities	20	1,182,079	1,321,180
Cash flows from investing activities
Interest income
Purchase oftangible assets			679,429	16,058
Purchase ofintangible assets			118226	142500
Net cash (used in) investing	activities		(797,655)	(158,558)
Change in cash and cash equivalents in the period			384,424	1,162,622
Cash and cash equivalents at	the beginning ofthe period		1 162622
Cash and cash equivalents	at the end ofthe period			11 2

Total resour	ces expended
			Restricted	Unrestricted
			funds	funds	Total	Total
			2021	2021	2021	2020
		Note
Wages and salaries			192,720	155,320	348,040	96,211
Staff employers NIC			21,944	12,527	34,471	8,286
Staff pension	costs		8,521	6,639	15,160	3,092
Repairs and	renewals			7,017	7,017	389
Supportcosts			31,505	174,998	206,503	134,815
Governance	costs			22 530	22 530	7500
			254 69	379031	63 21	250293
Support costs
			Restricted	Unrestricted
			funds	funds	Total	Total
			2021	2021	2021	2020
Consultancy			7,500	32,368	39,868	81,250
Advertising	&marketing			46,841	46,841	706
Travel and subsistence				1,871	1,871	1,327
General office costs				2,987	2,987	1,728
Insurance				3,972	3,972	2,018
Depreciation			24,005	4,078	28,083	1,162
Amortisation				26,073	26,073	14,250
Training and	recruitment			7,657	7,657	9,700
Membership	&subscriptions			14,096	14,096	10,948
Licences &support				21,151	21,151	2,204
Rent				13904	13904	9522

Gover	nanc	e costs
				Restricted	Unrestricted
				funds	funds	Total	Total
				2021	2021	2021	2020
				g
Audit	fees				22,530	22,530	7,500
Legal	and	professional	fees

Net (incoming)/outgoing	resour	ces for the pe	riod include:
			2021	2020
Auditors' remuneration	—audit	fee	10,000	7,500
Auditors' remuneration	—other		12,530
Depreciation			28,083	1,162
Amortisation				14250

	2021	2020
Staffcosts were as follows:
Salaries and wages	348,040	96,211
Social security costs	34,471	8,286
Other pension costs	15 160	3092

.Fixed assets - tangible
		Fixtures, Fittings
		&Equipment	Total
		f
Cost
At I April 2020		16,057	16,057
Additions		679,429	679,429
Disposals At 31 March 2021			~48
Depreciation
At 1 April 2020		1,162	1,162
Charge for the period At 31 March 2021		28083 ~246	28 083 ~246
Net book value At 31 March 2021			~24
At 31 March 2020		~895	14895
.Fixed assets - intangible
	Branding	Website	Total
Cost
At 1 April 2020	95,400	47,100	142,500
Additions	72,086	46,140	118,226
Disposals
At 31 March 2021	~14
Depreciation
At 1 April 2020	9,540	4,710	14,250
Charge for the period At 31 March 2021	16748	9325	26 073 ~4
Net book value At 31 March 2021			~24
At 31 March 2020

12.Debtors
	2021	2020
	g
Trade debtors		676,210
Other debtors	14,908	3,751
Other taxes and Social Security	148,668	26,022
Prepayments	607 708	6 840
13.Creditors
	2021	2020
Trade creditors	332,777	55,869
Other creditors	3,819	676
Accruals	18830	7500
	426	4045

Funds
		Balance at					Balance at
		1April	Incoming	Outgoing	Gains &	Fund	31March
		2020	resources	resources	lossesf	transfers	2021
Core unrestricted
designated funds
Royal Borough
Greenwich		1,954,545	500,000	(379,032)			2,075,513
Total Unrestricted
Funds		1,954,545	500,000	(379,032)			2,075,513
Restricted funds:
Culture recovery	fund
Core costs			405,000	(195,960)			209,040
Culture recovery	fund
Fixtures, fitting and
Equipment			579,000	(24,005)			554,995
Job retention scheme
Fund			34,725	(34,725)
Business grant income			10,000				10,000
Total Restricted
Funds			1028 725	254 690			774035
Total Funds

.Anal	ysis ofuet assets between funds
		Restricted	Unrestricted
		funds	funds	Total
		2021	2021	2021
Fixed	assets	651,347	235,298	886,645
Cash Other	at bank and in hand net current assets/(liabilities)	356,627 ~233939	1,190,417 649798	1,547,044 415859
		~74,035	2OD~	2~4~4

			2021	2020
Net income/(expenditure) for	the reporting	period (as per the
Statement ofFinancial Activities)			895,003	1,954,545
Depreciation charge			28,083	1,162
Amortisation charge			26,073	14,250
Interest shown as investment	income in SOFA
Decrease/(increase) in debtors			(58,462)	(712,823)
Increase/(decrease) in creditors			291,382	64,045
Net cash flow from operating activities			1,182,079	1,321,180