**Charity number: 1196316** **Company number: 10995454** **(England and Wales)** ## **Thamesmead Arts And Culture Office** **Report of the Directors and Unaudited Financial Statements** **For the year ended 31 March 2023** ## **Thamesmead Arts And Culture Office Contents Page For the year ended 31 March 2023** |Report of the Directors|1 to 4| |---|---| |Independent Examiner's Report to the Directors|5| |Statement of Financial Activities|6| |Statement of Financial Position|7| |Notes to the Financial Statements|8 to 14| ## **Thamesmead Arts And Culture Office Report of the Directors For the year ended 31 March 2023** The Directors have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2023. The Directors have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). 1 of 14 ## **Thamesmead Arts And Culture Office Report of the Directors Continued** ## **For the year ended 31 March 2023** ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Objectives and aims Throughout 2022/23 TACO! continued its development of its mission to support contemporary art, artistic practitioners and creative communities and group. The year saw TACO! undertake a significant organisational milestones by developing a new home In Cygnet Square. This 1000sq ft cultural venue in Thamesmead, comes complete with Gallery and Event space, dedicated broadcast studio, bookshop, and cafe bar. The fit out was completed in January 2023 and the space opened to the public in March 2023. The capital project meant TACO! was closed as a venue for 6months of the financial year, whilst building work was undertaken. Without dedicated capital project management staff the capital project was led by the Director, which impacted TACO!'s operational capacity and ability to undertake programme development. Despite this TACO! continued to deliver high quality artistic programmes including the commissioning and realisation of a number of ongoing artist projects that TACO! had been working on for the past 3 years. These included:- - Artist James Prevett publishing Things for Homes / Homes for Things in which the artist has given people from London, Birmingham and Helsinki a sculpture to live with. The book documented the project and was published by TACO! and Rooftop Press Helsinki and distributed by Motto, in Berlin. The artist was subsequently awarded the Linnamo Prize for the project. - Artist Avril Corroon presented a new exhibition titled Got Damp - this consisted of an artist moving image work within an ambitious installation that presented damp collected from individuals and communities. The project support people suffering from damp by giving them free dehumidifiers and involving them in the production of the artwork. The project explored social inequality and the issue of damp and precarious housing. The exhibition was well received, launching the gallery at Cygent Square. Got Damp then toured to Project Arts Centre, Dublin. A publication documenting the project is scheduled for 2023/24. - Artist Frances Scott continued the development of her film project Wendy - which will be presented at TACO! in 2023/24. - Artist duo Ruth Beale and Amy Feneck (The Alternative School of Economics) were commissioned to develop a new project titled Tree Time, that considers the relationship between ecology, economy and climate change. The project was in R&D throughout 2022/23. - Artist Holly Graham continued ACTION! - her research project into anti-racist community led action in Thamesmead in the early 1990's. She held a public symposium about her research, leading to the formation of a project steering group and the development of proposal for public artworks to mark an historical march undertaken by the community in 1991. The project secured further funding from Untold Stories, London Mayors Office for the realisation of the public artworks in 2023/24. - We undertook a number of public screening events during TACO!'s closure, working with artists involved in the research of projects to curate these events. This resulted in the public presentation of works by Holly Graham, Languid Hands, Amanda Egbe and Rastko Novakovi?, the Ceddo Film and Video Workshop, Duncan Poulton & Nick Smith, Avril Corroon, Winnie Herbstein, Lucy Clout, Eva George Richardson McCrea - The Hundred Club, a child led creative space for art and play that supports children aged 5-12yrs old to explore social justice issues that matter to them. The Hundred Club delivered over 30 workshops, made and distributed 3 newspapers, worked with 172 children their parents, carers or siblings, 15 artists, and delivered a regular after school club at the Moorings Sociable club during term times, supporting over an additional 200 children from the local area. The Hundred Club secured VCS funding for 4 years from LB of Greenwich starting in 2023/24. The club is produced by TACO! with artist Ruth Beale, supported by a child and parent steering group. - Artist Jenny Pengilly was commissioned by TACO! In partnership with Bow Arts and Better Children Centres to undertake a 9 month residency in Children Centres across Abbeywood (LB of Greenwich). The project saw Jenny develop a series of new audio based artworks with children aged 1-5yrs of age and their parents, carers and centre staff. Results were shared publicly through Hello Up Here - a 1 day presentation at the Thamesmead Festival, the Audio Grotto at Waterways Children Centre, and Experimental Sounds for Children, a radio broadcast series on RTM.FM. - TACO! Commissioned and published the Brightness of JuJu, a co-written speculative story written by artists Rima Patel & Dunya Kalantary, with 120 children from Willow Bank and Harris Garrad Primary Schools, Thamesmead. The Brightness of 2 of 14 ## **Thamesmead Arts And Culture Office Report of the Directors Continued** ## **For the year ended 31 March 2023** JuJu tells the story of an island of Thamesmead where only children live, 70 years in the future. A dystopian/utopian world of magic and mystery where children make their own rules, learn about the world, and search for the lost culture they came from. Told through colour poetry, collage, painting and prose. The publication was launched by the children in collaboration with the Hundred Club. - TACO! Commissioned artist Dani Smith (now known as Clara Smith) to work with local residents associated with RTM.FM to develop the Solidarity Sound System, a DIY community made sound system. The project supported 25 people to learn how to make speakers and resulted in a day long presentation at the Thamesmead Festival attended by over 2000 people, and the Car Park party, an evening event in October attended by 250 people. he Solidarity Sound System is now a community production group supported by TACO!. ## **Statement on public benefit** The directors have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **FINANCIAL REVIEW** For the financial year ending 31 March 2023, total income resources were £114,371 (£154,990 in 2021/22). The total expenditure for the year was £104,119 (£134,669 in 2021/22). The resulting net income is £10,252 (£20,291 net income in 2021/22). ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Thamesmead Arts And Culture Office **Charity registration number** 1196316 **Company registration number** 10995454 **Principal address** PO BOX Se28 8ba Poplar Place London SE28 8BA ## **Directors** The directors of the charitable company are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Mr Vijay Raman Mrs Amanda Jayne Carmichel Ms Kate Forde Miss Kirstene Mairi Ogg Ms Rima Patel Ms Holly Willats Ms Tapiwa Dingwiza ## **Secretary** > **Secretary** Mr Matthew George Jenner > **Independent examiners** Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW 3 of 14 Thanwrn••d Arts And Culture Offlc• R•port of the Dlroctorn Contlnu•d Forthe yearended 31 March 2023 AA¥ob•d by ts MIn•gW￿l CrfflmrtbJ• •ThJ Il• beh¥lf ty 18 DDr*mb8r 2023 4of14 ## **Thamesmead Arts And Culture Office Independent Examiners Report to the Directors For the year ended 31 March 2023** I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the charity Directors are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 18 December 2023 Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW 5 of 14 ## **Thamesmead Arts And Culture Office** ## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2023** |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activites
4
**Total**
**Expenditure on:**
Charitable activities
5/6
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
6,579
3,464
-
**10,043**
(29,226)
**(29,226)**
**(19,183)**
108,862
**89,679**|**Restricted**
**funds**
**£**
104,328
-
-
**104,328**
(74,893)
**(74,893)**
**29,435**
-
**29,435**|**2023**
**£**
110,907
3,464
-
**114,371**
(104,119)
**(104,119)**
**10,252**
108,862
**119,114**|**2022**
**£**
144,829
7,738
2,423| |---|---|---|---|---| |||||**154,990**| |||||(134,699)| |||||**(134,699)**| |||||**20,291**
88,571| |||||**108,862**| 6 of 14 Reoi61ered Number.. 10995454 Thamosmead Arts And Cultur• Offic• Ststsmènt of Financial Posltlon As al 31 March 2023 2023 2022 Flxad w•ts Tangibki asEetB 12 8,018 6.010 10.867 10,667 Curr•nt •M•t• Stocks Dobtor• CoBh al bank and In hand 13 14 9,578 59,821 48.188 116.507 9,578 6,948 83,234 99.700 Crndltorn.. amGrants received
**Analysis of grants received**
Arts Council England
Bow Arts
GLA
London Borough of Bexley
London Community Foundation
Other Grants
Other Grants
Peabody Group
Power to Change
The Royal Borough of Greenwich
The School for Social Entrepreneurs
**ncome from charitable activities**
**Unrestricted funds**
_Promotion of the Arts_
Income from charitable
activities|**Restricted**
**funds**
**Unrestricted**
**funds**
**£**
**£**
-
6,579
104,328
-
**104,328**
**6,579**|**2023**
**£**
6,579
104,328
**110,907**
**2023**
**£**
24,824
4,520
15,000
-
9,925
1,500
1,000
43,100
4,000
459
-
**104,328**
**2023**
**£**
3,464|**2022**
**£**
-
144,829| |---|---|---|---| ||||**144,829**| ||||**2022**
**£**
38,076
-
-
2,000
-
-
29,814
53,457
-
12,132
9,350| ||||**144,829**| ||||**2022**
**£**
7,738| ## **3. Income from charitable activities** 9 of 14 ## **Thamesmead Arts And Culture Office Notes to the Financial Statements Continued For the year ended 31 March 2023** ## **4. Income earned from other activities** |Shop income
**osts of charitable activities by fund type**
Promotion of the Arts
Support costs
**osts of charitable activities by activity type**
**Support costs**
Promotion of the Arts
**nalysis of support costs**
**Promotion of the Arts**
Management
IT
Office Costs
Premises Costs
Equipment and Tech
Governance costs|**Unrestricted**
**funds**
**£**
3,757
25,469
**29,226**
**Activities**
**undertaken**
**directly**
**£**
53,950|**Restricted**
**funds**
**£**
50,193
24,700
**74,893**
**Support**
**costs**
**£**
50,169|**2023**
**£**
-
**-**
**2023**
**£**
53,950
50,169
**104,119**
**2023**
**£**
104,119
**2023**
**£**
35,033
1,606
7,162
3,715
1,019
1,634
**50,169**|**2022**
**£**
2,423| |---|---|---|---|---| |||||**2,423**| |||||**2022**
**£**
82,706
51,993| |||||**134,699**| |||||**2022**
**£**
134,699
**2022**
**£**
27,945
3,246
8,725
5,622
-
6,455| |||||**51,993**| ## **5. Costs of charitable activities by fund type** ## **6. Costs of charitable activities by activity type** ## **7. Analysis of support costs** 10 of 14 ## **Thamesmead Arts And Culture Office Notes to the Financial Statements Continued** ## **For the year ended 31 March 2023** ## **8. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |Depreciation of owned fixed assets|4,649|4,649| |Accountancy fees|1,440|2,376| ## **9. Staff costs and emoluments** Total staff costs for the year ended 31 March 2023 were: |Salaries and wages
Social security costs|**2023**
**£**
34,400
634
**35,034**|**2022**
**£**
25,872
-| |---|---|---| |||**25,872**| No employee earned more than £60,000 during the year (2022: nil). The total employee benefits including pension contributions of the key management personnel were £35,034. |Management|**2023**
1
**1**|**2022**
1| |---|---|---| |||**1**| ## **10. Trustee remuneration and related party transactions** The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022:£nil). Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2022:£nil). There are no related party transactions to disclose for 2023 (2022:none). ## **11. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. 11 of 14 ## **Thamesmead Arts And Culture Office Notes to the Financial Statements Continued For the year ended 31 March 2023** |**12. Tangible fixed assets**
**Cost or valuation**
At 01 April 2022
At 31 March 2023
**Depreciation**
At 01 April 2022
Charge for year
At 31 March 2023
**Net book values**
At 31 March 2023
At 31 March 2022
**13. Stocks and work in progress**
Work in progress
**14. Debtors**
**Amounts due within one year:**
Trade debtors
Prepayments and accrued income
Other debtors
**15. Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**2023**
**£**
9,578
**9,578**
**2023**
**£**
32
149
59,640
**59,821**
**2023**
**£**
1,052
1,440
**2,492**|**Plant and**
**machinery**
**£**
23,247| |---|---|---| |||**23,247**| |||12,580
4,649| |||**17,229**| |||**6,018**| |||**10,667**| |||**2022**
**£**
9,578| |||**9,578**| |||**2022**
**£**
1,856
624
4,468| |||**6,948**| |||**2022**
**£**
84
1,481| |||**1,565**| 12 of 14 ## **Thamesmead Arts And Culture Office** ## **Notes to the Financial Statements Continued For the year ended 31 March 2023** ## **16. Movement in funds** ## **Unrestricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---| ||**01/04/2022**|**resources**|**resources**|**31/03/2023**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|108,862|10,043|(29,226)|89,679| ||**108,862**|**10,043**|**(29,226)**|**89,679**| |**Unrestricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/04/2021**|**resources**|**resources**|**31/03/2022**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|88,571|154,990|(134,699)|108,862| ||**88,571**|**154,990**|**(134,699)**|**108,862**| ## **Purpose of unrestricted Funds** ## General General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. ## **Restricted Funds** |Resticted Grants
**Restricted Funds - Previous year**|**Incoming**
**resources**
**£**
104,328
**104,328**
**Incoming**
**resources**
**£**
**-**|**Outgoing**
**resources**
**£**
(74,893)
**(74,893)**
**Outgoing**
**resources**
**£**
**-**|**Balance at**
**31/03/2023**
**£**
29,435| |---|---|---|---| ||||**29,435**| ||||**Balance at**
**31/03/2022**
**£**| ||||**-**| 13 of 14 **Thamesmead Arts And Culture Office Notes to the Financial Statements Continued For the year ended 31 March 2023** **Purpose of restricted funds** Resticted Grants Projects |**17. Analysis of net assets between funds**|||| |---|---|---|---| ||**Tangible**|**Net current**|**Net Assets**| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|6,018|83,660|89,678| |**Restricted funds**|||| |Resticted Grants|-|29,435|29,435| ||**6,018**|**113,095**|**119,113**| |**Previous year**|||| ||**Tangible**|**Net current**|**Net Assets**| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|10,667|98,195|108,862| |**Restricted funds**|||| ||**10,667**|**98,195**|**108,862**| 14 of 14