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|||Page|
|---|---|---|
|Legal and administrative|information||
|Trustees'
report|||
|Independent
examiner's|report|10|
|Statement
offfinancial|activities||
|Balance sheet|||
|Notes to the financial statements|||
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|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|||
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|||||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|
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||||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|
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|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|
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||||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|
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|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|
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|DEBTORS|||
|---|---|---|
||31 March|31March|
|Due within one year|2022f|2021|
|Accrued income|4,000|10,000|
||4,000|10,000|
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||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|
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|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|
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|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|