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|||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||||
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|||||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|||||
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||||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||||
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||||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|
##
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|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||||
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|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|
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|.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|
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|.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||||
##
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|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|
##
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|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|||
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||||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|
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|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|||||||||||
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|||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+|
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||||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|
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