2023-03-31-accounts

		WOOLWICH CREATIVE DI	WOOLWICH CREATIVE DI	WOOLWICH CREATIVE DI	S	TRICT TRUST
		LEGAL dt ADMINISTRATIVE				INFORMATION
			FOR THE YEAR ENDED 31			MARCH 2023
Charity registration		number	1189180
Company registration		number	11369859
Trustees			Joy Salaja
			Ben Howarth (Chair)
			Mary Rose
			Michael Lewis
			Sally Manser
			Philip Watkins
			David Sullivan (appointed			06/09/2022)
			Jackie Smith (appointed		09/09/2022)
			Clive Ahmed (appointed			02/10/2022)
			Shah Rahman (appointed			01/03/2023)
Registered	address		Wellesley House
			Duke ofWellington	Avenue
			Royal Arsenal
			London
			SE186SS
Operational	address		The Fireworks Factory
			11No. 1 Street
			Woolwich
			London
			SE186HD
Bankers			Barclays Bank Plc
			1 Churchill Place
			London
			E145HP
Auditors			Simpson Wreford LLP
			Chartered Accountants
			Wellesley House
			Duke ofWellington	Avenue
			Royal Arsenal
			London
			SE186SS

				Restricted	Unrestricted
				funds	funds	Total	Total
				2023	2023	2023	2022
		Notes
Income
Donations and legacies					284,165	284,165	164,500
Charitable activities				9,774	165,863	175,637	705,887
Trading activities					1,336,702	1,336,702	283,127
Total income				9774	1 786730	1 796504	1 153514
Expenditure
Charitable activities				(99,185)	(3,739,841)	(3,839,026)	(2,531,685)
Other					46 119	46 119	31000
Total expenditure				99 185	3785.960	3 885 145	2 562 685
Net income before	transfers			(89,411)	(1,999,230)	(2,088,641)	(1,409,171)
Transfers
Gross transfers between		funds
Net income/(expenditure)
before other recognised
gains and losses				(89,411)	(1,999,230)	(2,088,641)	(1,409,171)
Other recognised gains
and losses
Net movement in funds				(89,411)	(1,999,230)	(2,088,641)	(1,409,171)
Reconciliation offunds:
Total funds brought	forward			555 721	884656	1 440 377	2849 549
Total funds carried	forward		21

			FOR	THE YEAR	ENDED 31MARC	H 2023
					Group		Charity
			Notes	2023	2022	2023		2022
Cash flows from operating
activities			25	(1,645,480)	(604,399)	(1,645,480)		(604,397)
Cash flows from investing
activities
Purchase ofinvestments									(2)
Purchase oftangible	fixed	assets		(57,780)	(811,397)	(57,780)		(811,397)
Purchase ofintangible	fixed		assets		(57,813)			(57,813)
Proceeds on disposal	ofintangibles			7,639		7,639
Proceeds on disposal	oftangibles				18.170			18 170
Net cash (used in)/provided			by
investing activities				(50,141)	(851,040)	(50,141)		(851,042)
Cash flows from financing
activities
Loan received				1775 000		1.775.000
Net cash provided by
financing activities				1,775,00		1,775,000
Change in cash and	cash	equivalents
in the year				79,379	(1,455,439)	79,379	(1,455,439)
Cash and cash equivalents		at	the
beginning ofthe year				91605	1 547 044	91 6115	~l	4	044
Cash and cash equivalents end ofthe year			at the	17098	~6	~17

			2023	2022
			8
Income			733,148	896,341
Expenditure	on charitable	activities	~3952797	2 107868
Net income/(expenditure)			(2,319,649)	(1,211,527)
Funds brought forward			1.638.021	2 849 548
Totals funds	carried forward		~15220
Represented	by:
Restricted funds			468,861	555,721
Unrestricted	funds		~ll55 489	1 082 300

Donations	and	legacies
			Restricted	Unrestricted
			funds	funds	Total	Total
			2023	2023	2023	2022
					8
Donations	and	fundraising		284 165	284 165	164500

4.	Income from	charitable	charitable	activities
					Restricted	Unrestricted
					funds		funds	Total		Total
					2023		2023	2023		2022
					E			K
	Performance	grants			9,774			9,774	534,409
	Community	hire fees					165863	165863	171478
					9774		165863	175637	705
5.	Other trading	activities			Restricted	Unrestricted
					funds		funds	Total		Total
					2023		2023	2023		2022
	Sponsorships						20,000	20,000
	Commercial	hires,	shows,	events		1	316702	1.316702	283 12
								67
6.	Cost ofcharitable		activities		Restricted	Unrestricted
					fuads		funds	Total		Total
					2023		2023	2023		2022
				Note
	Direct costs						519,358	519,358	395,881
	Support costs				99 185	3	220 483	3319668	21	4
					15	3	41

Support costs
		Restricted	Unrestricted
		funds	funds	Total	Total
		2023	2023	2023	2022
	Note
Wages and salaries	11	4,986	1,440,819	1,445,805	883,707
Staff employers NIC	11		117,155	117,155	64,293
Staff pension costs	11		31,059	31,059	22,469
Other staff costs			82,504	82,504	39,032
Repairs and renewals k
Premises costs		73	933,324	933,397	600,783
Other		412	615622	709748	525 520
					13 84

8.	Governance	costs
				Restricted	Unrestricted
				funds	funds	Total	Total
				2023	2023	2023	2022
						f.
	Audit and accountancy		fees		46 119	46 119	31000
					4 1

		2023	2022
Auditors' remuneration	—audit fee	13,000	10,500
Auditors' remuneration	-other	33,119	20,500
Depreciation		295,367	231,248
Amortisation		~30 9	~31 85

.Staffcosts
	2023	2022
Staffcosts were as follows:
Salaries and wages	1,445,805	883,707
Social security costs	117,155	64,293
Staff pension costs	31059	22469

.Tangible fixed assets Charity (als	o comprising that ofthe Group)
	Fixtures, Fittings
	th Equipment		Total
Cost
At 1 April 2022	1,487,503	1,487,503
Additions	57 780		57780
At 31March 2023
Depreciation
At 1 April 2022	259,283	259,283
Charge for the period	295 367	295.367
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022	Miis2ZI	~12	220

.Intangible fixed assets —Cha	rity (also comprising th	at ofthe Group)
	Branding	Website	Total
			g
Cost
At 1 April 2022	216,300	102,240	318,540
Disposals	~9549		~9549
At 31 March 2023			308991
Amortisation
At 1 April 2022	47,919	24,258	72,177
Charge for the period	20,675	10,224	30,899
Disposals	~1910		~1910
At 31 March 2023
Net book value
At 31 March 2023	140 67
At 31 March 2022

Summary ofprofit and loss for Woolwich Works Trading Ltd
	2023	2022
Turnover	938,917	211,219
Cost ofsales and expenses	552 752	~276 902
Net profit	38 1
The assets and liabilities ofWoolwich Works Trading Ltd were:	2023	2022
Current assets	1,412,849	292,584
Current liabilities	~1662366	~359266
Total net assets	32 4	~~682
Aggregate share capital and reserves	2 48	~6~682

ummary	ofprofit and loss for Woolwich Works Produ	ctions Ltd
			2023	2022
Turnover			139,047	60,562
Cost ofsales and expenses			~294 204	~192523
Net loss
The assets	and liabilities ofWoolwich Works Productions	Ltd were:	2023	2022
Current assets			244,827	74,701
Current liabilities			~531344	~206 661
Total net	assets
Aggregate	share capital and reserves

Stocks
				Group		Charity
		2023			2022	2023	2022
							f.
Stockoffood	&drink	1	14		14212

			Group		Charity
		2023		2022	2023	2022
Trade debtors Other debtors		65,863 1,024		36,302 862	1,058,651 1,024	367,358 862
Other taxes and Social Security		67,244		76,047	23,526	58,084
Prepayments	and accrued income	36,120		448,394	33,828	448,394
Amounts owed by group undertakings					563 175	148356
		702 1		561	0204	23
.Creditors due within one year
			Group		Charity
		2023		2022	2023	2022
		8
Trade creditors		178,260		456,783	369,028	457,602
Other creditors		25,822		947	19,252	2,200
Other taxes tk	social security	4,261		5,265	4,261	5,265
Accruals and	deferred income	222,128		238,632	183,172	187,901
Amounts due	to group undertakings				1.380563	298254

20.Financial instruments
					Group			Charity
			2023		2022			2023		2022
Financial assets measured	at fair value		170,984		91,605			170,984	91,605
Financial assets measured	at amortised		cost 151645		127	423	1	646 378	574 662
Liabilities									7	)
21. Funds	1	April 2022	Incoming resources		Outgoing resources	Gains th losses		Fund transfers	31March 2023
			K
Unrestricted funds:
Designated funds
Royal Borough Greenwich	884,656			(1,999,230)				1,856,583		742,009
General funds			1,786,730	(1,786,730)				(1,856,583)	(1,856,583)
Total Unrestricted
Funds	884656		1786730		3785960				1	114574
Restricted funds;
Culture recovery fund
Fixtures, fitting and Equipment	501,448				(60,437)					441,011
RBGS106funding	54,200				(30,971)					23,229
National lottery funding			9,774		(7,704)					2,070
Business grant income		73			(73)
Donation income
Total Restricted
Funds
Total Funds

		Restricted	Unrestricted
		funds	funds	Total
		2023	2023	2023
		8
Fixed assets		456,459	742,009	1,198,458
Net current	assets/(liabilities)	9,861	(81,583)	71,722
Non-current	liabilities		~7775tltlll	~5775000
		46 1	~4~74	~64~4+

			Group	Charity
		2023	2022	2023	2022f
Net income/(expenditure) for the
reporting period (as per the Statement ofFinancial Activities)		(2,088,641)	(1,409,171)	(2,319,649)	(1,211,527)
Depreciation charge Amortisation charge		295,367 30,899	231,248 31,854	295,367 30,899	231,248 31,854
Decrease/(increase)	in stocks	(3,302)	(14,212)
Decrease/(increase) Increase/(decrease)	in debtors in creditors	391,354 ~271 157	209,681 346201	(657,150) ~13	(251,768) 595796
		~~4480		II,~4480	~43