2022-03-31-accounts

		Page
Legal and administrative	information
Trustees' report
Independent examiner's	report	10
Statement offfinancial	activities
Balance sheet
Notes to the financial statements

Board ofTrustees	Board ofTrustees	Board ofTrustees	Mark Waugh (Chair)	Mark Waugh (Chair)
			Constance Allman
			Ben Amunwa	(appointed	10October 2022)
			George Blacklock
			Osei Bonsu
			Joy Gregory
			Farzana Khan	(appointed	10October 2022)
Company	reg. no.		07501785
Charity reg.		no.	1189228
Registered		office	4 Rostella Road
			London
			SW17 OHY
Accountants			Delta Advice Accountancy		Ltd
			8 Margaret Avenue
			StAlbans
			AL3 5TE
Bankers			Barclays Bank
			14-16Mitcham	Road
			SW17 9NA

				Unrestricted		Restricted		Total		Total
				Funds		Funds		Funds		Funds
			Note	2022		2022		2022		2021
INCOME AND ENDOWMENTS		FROM:
Charitable activities			2	153,875		225,400		379,275		208,960
TOTAL				153,875		225,400		379,275		208,960
EXPENDITURE ON:
Charitable activities				149,208		107,619		256,827		165,594
TOTAL EXPENDITURE			4	149,208		107,619		256,827		165,594
Net income				4,667		117,781		122,448		43,366
NET MOVEMENT	IN FUNDS			4,667		117,781		122,448		43,366
RECONCILIATION	OF FUNDS:
TOTAL FUNDS AT	1 APRIL 2021			38,891		23,658		62,549		19,183
TOTAL FUNDS AT 31 MARCH		2022		43,558	R	141,439	R	184,997	E	62,549

			Notes
				31 March	31March
				2022	2021
				R
CURRENT	ASSETS
Debtors				4,000	10,000
Cash at bank and in hand				195,506	58,455
				199,508	68,455
CREDITORS: amounts		falling due
within one	year			(14,509)	(5,906)
NET CURRENT ASSETS				184,997	62,549
TOTAL ASSETSLESS CURRENT
LIABILITIES				184,997	62,549
TOTAL NET ASSETS				184,997	62,549
FUNDS
Unrestricted	funds:
General fund			10	43,558	38,891
				43,558	38,891
Restricted	funds		10	141,439	23,658
				184,997	62,549

INCOME FROM CHARITABLE A	CTIVITIES	CTIVITIES
	Unrestricted		Restricted	Total		Total
		Funds	Funds	Funds		Funds
		2022	2022	2022		2021
Grants for services
Events and exhibitions		152,760	225,400	378,160		208,760
		152,760	225,400	378,160		208,760
Fee income		1,115		1,115		200
	f	153,875 f	225,400 f	379,275	E	208,960

			Unrestricted	Unrestricted		Restricted				Total
				Funds		Funds				Funds
				2021		2021				2021
	Grants for services
	Events and exhibitions			172,760		36,000				208,760
				172,760		36,000				208,760
	Feeincome			200						200
				172,960	8	36,000				208,960
3.	GRANT INCOME AND DONATIONS							2022		2021f
	Arts Council England							197,760		152,760
	Art Fund							40,000		5,000
	Creative Scotland							4,900
	Esmee Fairbairn							40,000
	Garfield Weston									20,000
	Hutchins Center for African &African		American	Research				6,000		6,000
	Outset Contemporary	Art Fund								25,000
	Paul Hamyln Foundation							71,000
	Paul Mellon Centre							11,500
	Prism - The Gift Fund							7,000
							f	378,160	E	208,760

4.	RESOURCES	EXPENDED	EXPENDED								Total		Total
				Direct Staff		Other direct			Support		Funds		Funds
					costs		costsf		costsf		2022f		2021
	Cost of charitable activities
	Events and exhibitions				44,092		191,706		21,029		256,827		165,594
	Total charitable
	expenditure				44,092		191,706		21,029		256,827		165,594
					44,092	R	191,706	R	21,029	R	256,827	E	165,594
	Comparative	costofcharitable			activities
				Direct staff			other direct		Support
					costs		costs		Costs				Total 2021
	Cost ofcharitable
	activities
	Events and exhibitions						156,546		9,048				165,594
	Total charitable
	expenditure				Nil	f	156,546 '/56, 546	8	9,048 9,048			E	165,594 165,594
5.	SUPPORT COSTS
											Total		Total
											Funds		Funds
											2022f		2021
	Premises and	office costs									4,363		4,232
	Legal and professional										9,887		1,260
	Trustees & meeting expenses										1,006
	Independent Examination		Fee								1,850		1,750
	Independent Examiner other			fees							1,190
	Other costs										2,733		1,806
										f	21,029	E	9,048
6.	STAFF NUMBERS AND COSTS
											2022		2021
	Wages and salaries										42,557
	Social security	costs									523
	Pension costs										1,012
										f	44,092		Nil

DEBTORS
	31 March	31March
Due within one year	2022f	2021
Accrued income	4,000	10,000
	4,000	10,000

	31 March	31March
	2022f	2021
Trade creditors	8,441	292
Social security and other taxes	1,725
Other creditors	1,943	1,714
Accruals	2,400	3,900
	14,509	5906

STATE	ME	NT OF FUNDS
									Transfers	and
				Brought		Incoming		Resources	investment			Carried
				Forward		Resources		Expended	gains/(losses)			Forward
						E
RESTRICTED FUNDS
Events	and	exhibitions	f	23,658 23,658	f	225,400 225,400	K	(107,619) (107,619)		Nil	E	141,439 141,439
SUMMARY OF FUNDS
General	Funds			38,891		153,875		(149,208)				43,558
Restricted		Funds		23,658		225,400		(107,619)				141,439
				62,549	R	379,275	R	(256,827)		Nil	6	184,997

								Transfers and
			Brought		Incoming		Resources	investment		Carried
			Forward		Resources		Expended	gainsl(losses)		Forward
RESTRICTED FUNDS
Events	and	exhibitions	3,000		36,000		(15,342)			23,658
			3,000	8	36,000	8	('/5, 342)	Nil	E	23,658
SUMMARY		OF FUNDS
General	Funds		16,183		172,960		(150,252)			38,891
Restricted		Funds	3,000		36,000		(15,342)			23,658
			19,183	E	208,960	8	(165,594)	Nil	E	62,549

ANALYSIS	OF NET ASSETS BETWEEN F	UNDS	UNDS
		Unrestricted		Funds
		Designated		General		Restricted		Total
		Funds f		Funds f		Fundsf		Funds
Net current	assets			43,558		141,439		184,997
		Nil	R	43,558	R	141,439	f	184,997
Comparative	analysis ofnet assets between	funds
		Unrestricted		Funds
		Designated		General		Restricted		Total
		Funds		Funds		Funds		Funds
Net current	assets			38,891		23,658		62,549
		Nil	8	38,891	8	23,658	E	62,549

12 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES	12 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted		Restricted		Total
		Funds		Funds		Funds
		2021		2021		2021
		E
INCOME AND ENDOWMENTS	FROM:
Charitable activities		172,960		36,000		208,960
EXPENDITURE ON:
Charitable activities		150,252		15,342		165,594
Net income		22,708		20,658		43,366
NET MOVEMENT IN FUNDS		22,708		20,658		43,366
TOTAL FUNDS AT 31 MARCH	2020	16,183		3,000		19,183
TOTAL FUNDS AT 31 MARCH	2021	38,891	8	23,658	8	62,549