| Company Information | 3 |
|---|---|
| Report of the Council of Management | 4 to 23 |
| Report of the Independent Examiners | 24 |
| Statement of Financial Activities | 25 |
| Balance Sheet | 26 |
| Notes to the Financial Statements | 27 t o 33 |
| For the year e | nde | d 31 Mar | ch 2022 | ||
|---|---|---|---|---|---|
| Note | Restricted | Unrestricted | Total 21/22 | Total 20/21 | |
| INCOMING RESOURCES | |||||
| Activities in furtherance of the charities objects | |||||
| Art & education | 2 | 88,710 | 152394 | 241,104 | 286,287 |
| Preservation & maintenance building | 0 | 0 | 0 | 0 | |
| Recreation, leisure & community | 3 | 0 | 310,516 | 310,516 | 17,218 |
| Total incoming Resources | 88,710 | 462,910 | 551,620 | 303,505 | |
| RESOURCES EXPENDED | |||||
| Charitable expenditure | |||||
| Art & education | 0 | 164390 | 164390 | Z33,178 | |
| Preservation & maintenance building | 0 | 72,276 | 72,276 | 66,935 | |
| Recreation, leisure & community | 0 | 107,129 | 107,129 | 8.010 | |
| Governance | 0 | 8,056 | 8,056 | 12,619 | |
| Total Resources Expended | 0 | 351,851 | 351,851 | 297,742 | |
| Net Income | 5 | 88,710 | 111,059 | 199,769 | 5763 |
| Transfer between funds | 12 | −67,706 | 67,706 | 0 | 0 |
| Net movement in funds for the year | 21,004 | 178,765 | 199,769 | 5,763 | |
| Total funds brought forward 1/4/20 | 115333 | 196,746 | 312,079 | 306,316 | |
| Total funds carried forward 31/3/21 | 12 | 136,337 | 375,511 | 511,848 | 312,079 |
| B | alance | She | et as at 31 | March 202 | 2 | |
|---|---|---|---|---|---|---|
| Note | Restricted | Unrestricted | Total 21/22 | Total 20/21 | ||
| Fixed Assets | ||||||
| Tangible Fixed Assets | 8 | 49,557 | 0 | 49,557 | 49,838 | |
| Current Assets | ||||||
| Stocks | 0 | 250 | 250 | 250 | ||
| Debtors | 9 | 0 | 127,073 | 127,073 | 63,701 | |
| Bank & Cash | 10 | 135,496 | 512,613 | 648,109 | 430,872 | |
| 135,496 | 639,936 | 775,432 | 494,823 | |||
| Liabilities | ||||||
| Creditors Amount falling due within 1 year | 11 | 0 | 264,425 | 264,425 | 193,866 | |
| Net current assets | 135,496 | 375,511 | 511,007 | 300,957 | ||
| Net Assets | 185,053 | 375,511 | 560,564 | 350,795 | ||
| Funds | ||||||
| Revaluation reserve | 48,716 | 0 | 48,716 | 48,716 | ||
| Restricted funds | 12 | 136337 | 0 | 136337 | 105,333 | |
| Unrestricted | 0 | 375,511 | 375,511 | 196,746 | ||
| Total funds | . | 185,053 | 375,511 | 560,564 | 350,795 |
| Restricted | ||||
|---|---|---|---|---|
| Unrestricted | Total 21/22 | Total 20/21 | ||
| Projects | ||||
| INCOMING RESOURCES | ||||
| Grants: | ||||
| LB Camden Covid Business Grant | 0 | 12,000 | 12,000 | 40,572 |
| NLHF Emergency Covid Grant | 0 | 0 | 0 | 4Z800 |
| DCMS Cultural Recovery Fund | 48,510 | 0 | 48,510 | 93,100 |
| FRESH (Young Camden Foundation) | 1,200 | 0 | 1,200 | 0 |
| HMRC Coronavirus Job Retention Scheme | 0 | 39367 | 39367 | 28,075 |
| John Lyon's Charity | 29,000 | 0 | 29,000 | 6,042 |
| Anonymous | 10,000 | 0 | 10,000 | 70,000 |
| Lady Gould's Charity | 0 | 0 | 0 | 6,931 |
| Other: | ||||
| Lettings (concerts, exhibitions and classes) | 0 | 50,590 | 50.590 | 16,900 |
| Activities (performances, classes and events) | 0 | 45323 | 45323 | 29,696 |
| Friends& Donations | 0 | 5,114 | 5,114 | 7,177 |
| 88,710 | 152394 | 241,104 | 286,287 |
| Restricted | Unrestricted | Unrestricted | Total 21/22 | Total 20/21 | Total 20/21 | Total 20/21 | |
|---|---|---|---|---|---|---|---|
| INCOMING RESOURCES | |||||||
| Lettings | 0 | 310,516 | 310,516 | 17,218 | |||
| 0 | 310516 | 310516 | 17,218 | ||||
| 4. Resources Expended |
|||||||
| Art | House | Community | Governance | Total 21/22 | Total | 20/21 | |
| Expenditure | |||||||
| Lettings | 9,158 | 0 | 18,075 | 0 | 27.233 | 1,420 | |
| Activities | 33.233 | 0 | . 0 |
0 | 33.233 | 66,795 | |
| Special Costs covered by drawdowns | 17,876 | 2,465 | 2,465 | 0 | 22,806 | 0 | |
| Staff Costs | 83,807 | 37,705 | 64,120 | 8,056 | 193,688 | 776,467 | |
| Gas & Electricity | 0 | 21,317 | 0 | 0 | 21317 | 13,760 | |
| Repair & Maintenance | 10,232 | 7.588 | 10,237 | 0 | 28,057 | 70,789 | |
| Stationery & Photocopying | 792 | 0 | 792 | 0 | 1,584 | 1,923 | |
| Marketing | 2,560 | 0 | 4,708 | 0 | 7,268 | 6,123 | |
| Communications | 3.812 | 0 | 3,812 | 0 | 7,624 | 1.920 | |
| Other Costs | 2920 | 2920 | 2.920 | 0 | 8,760 | 7,270 | |
| Depreciation & Amortisation | 0 | 281 | 0 | 0 | 281 | 281 | |
| Total Resources Expended | 164,390 | 72,276 | 107,129 | 8,056 | 351,851 | 29Z742 |
| This is stated after charging | ||
|---|---|---|
| Depreciation | 281 | 281 |
| Staff costs were as follows: | |||
|---|---|---|---|
| 2021/22 | 2020/21 | ||
| Wages & salaries | 173,613 | 157,934 | |
| Pension costs | 4,790 | 4,576 | |
| Social security costs | 15,285 | 13,951 | |
| 193,688 | 176,461 |
| Leasehold | Office | ||||
|---|---|---|---|---|---|
| Property | Equipment | Total | |||
| f | f | f | |||
| Cost or valuation | |||||
| At 1 April 2021 | 55,736 | 42,598 | 98334 | ||
| Revaluation | 0 | 0 | 0 | ||
| Additions during the year | 0 | 0 | 0 | ||
| At 31 March 2022 | 55,736 | 42.598 | 98334 | ||
| Depreciation | |||||
| At 1 April 2021 | 5,898 | 42,598 | 48,496 | ||
| Charge for Year | 281 | 0 | 281 | ||
| At 31 March 2022 | 6,179 | 42,598 | 48,777 | ||
| Net Book Value | |||||
| At 31 March 2022 | 49,557 ** | 0 | , | 49,557 | |
| A t 37 March 2021 | 49,838 | 0 | 49,838 |
| 2021/22 | 2020/21 | |||
|---|---|---|---|---|
| L | L | |||
| Cost | 7,020 | 7,020 | ||
| Accumulated depreciation | 6,179 | 5,898 | ||
| Net book value | 841 | 1,122 | ||
| * Unrestricted | ||||
| ** Restricted |
| 2021/22 | 2020/21 | |
|---|---|---|
| Sales Ledger | 125,828 | 62,156 |
| Prepayments | 1,245 | 14 |
| Sundry Debtors | 0 | 1,531 |
| 127,073 | 63,701 |
| 2021/22 | 2020/21 | |
|---|---|---|
| Lloyds Business Account | 169,438 | 43,680 |
| Lloyds Business Bank Instant Account | 408479 | 317,000 |
| COIF | 69,530 | 69,530 |
| Petty cash | 662 | 662 |
| Total cash | 648,109 | 430,872 |
| 2021/22 | 2020/21 | ||
|---|---|---|---|
| Sales prepayments 21/22 | * | 208,161 | 104.544 |
| Purchases & Sundry | 32413 | 61,730 | |
| Accruals | 2000 | 2300 | |
| NI/PAYE | 21,851 | 15,292 | |
| 264,425 | 193,866 |
| 12. Restricted Funds | ||||
|---|---|---|---|---|
| Closing | ||||
| Unspent Grants | Incoming | Outgoing | ||
| Position | ||||
| 01/04/2021 | Resources | Resources | ||
| 31/03/22 | ||||
| Restricted Funds For Projects excluding | ||||
| Lauderdale Transformed and Fresh | ||||
| DCMS Cultural Recovery Fund | 10,000 | 48,510 | 52,296 | 6,214 |
| John Lyon's Charity (Artists Added value 21/22) | o | 29,000 | 1,530 | 27,470 |
| Anonymous (Education & Outreach) | 0 | 10,000 | 10,000 | 0 |
| The Sigrid Rausing Trust | 1,449 | 0 | 0 | 1,449 |
| Subtotal | 11,449 | 87,510 | 63,826 | 35,133 |
| Grants for Fresh | ||||
| Hollick Family Foundation (Fresh) | 4,500 | 0 | 253 | 4,247 |
| CIL (Fresh) | 3,102 | 0 | 3,102 | 0 |
| Young Camden Foundation (Fresh) | 0 | 1,200 | 0 | 1,200 |
| Camden Council (Fresh) | 525 | 525 | 0 | |
| Subtotal | 8,127 | 1,200 | 3,880 | 5,447 |
| Grants For Lauderdale Transformed | ||||
| (Capital/Education)) | ||||
| City Bridge Trust | 50,000 | o | 0 | 50,000 |
| LT Restricted | 44,507 | 0 | o | 44,507 |
| Chapman Charitable Trust (Induction Loop) | 1,000 | 0 | o | 1,000 |
| Company of Art Scholars | 250 | 0 | 0 | 250 |
| Subtotal | 95,757 | 0 | 0 | 95,757 |
| − | ||||
| GRAND TOTAL RESTRICTED | 115,333 | 88,710 | 67,706 | 136,337 |