Company Number: 01481359
ChArity Number: 279945
FOUR CORNERS LIm￿ED
Report and Actounts
for the year ended 3J M4r¢h 2023
4ACIS5&1X'
2011￿D25
COMPANIES HOLISE
#257

FOUR CORP4ERS LIMITED
Report and Accounts
for the y¢#r ended 31 21123
INDEX
Pgge Number
Ito9
Trumees. {Di￿tors.) Annual Report
io
Indepcndent Examiners, R£port
Statement of Financial Activities
12
Balance Sheet
13
Statement of Cash Flows
141020
Note5 fonning part of the Accounts

FOURCORNERS LIMITED
Company Information
Compgny Iyumber: 01481359
Charities Number- 279945
Registtred Office
121 RO￿an Road
London
E2 OQN
Trustees
Y Balanes¢u-Bal
P Ellis
L L¢¢sork
C Mitchell
D Than
O Thorn&s
M Trotter
A Doyle
H Franci$
S Hob50n-Cleverley
S Irvin¢
S¢nior S14ff
C Mitchell (Developmeni Dirt¢ior)
O Thomas (Projects & Exhibitions DIre￿or)
M Trotter (Finance Dire¢¢or)
Accountants
Dickinson5 Charttred Ac￿u￿18￿¢S
Brandon House
Firsi Floor
90 The B Toadway
Chesham
Bu¢kinghamshire
HP5 IEG
Bankers
Unity Trust Bank PIC
23-28 Great Russell Street
London
WCIB3UB

FOURCORNERS LIMITED
Trustee's {Dire£tor5') Annual Report
for the year ended 31 March 202J
The iwstees present their report and a¢¢ounts for the year endcd 31 March 2023.
The accounts have betn Prepared in xcordance with the Cornpanies Act 2(M)6. the Charitits Act 2011 (&s amended by the
Charities Aci 20221, and Statement of Recommended Practice." A¢coun¢ing and Reporting by Charities preparin8 their
a¢¢ounts in a¢cordance wilh ihe Financial Reporting Standard applicable rn the UK and Republi¢ of Ireland (FRS 102). This
report is also a Dire¢tors' repx)rt as required by the Companies Act 2006.
Object5 And Activities
The objects of the charity are to promote. mainWr4 improve and advance educarion particularly by the production of edllcational
films and the encouragement of the arts including filrn. vtdts), plM)tOBraphy and relaied media.
The company's goveming do¢um¢nt is its Memorandum and Articlts of Association.
Structurej governgnce and rnanxgement
Four Corner5 Lirnited is a ￿T￿panY lirnsted by guarantee and a re8i5tered charity. led by three DiTt¢tors. and governed by a Board of
Trustee5.
Th¢ management of the eharity is the responsibility of the trustc¢$ who are also apFN)Inted Directors of the company. The Board is
made up of both staff and nort-staff tnjsttts. Staff tru￿¢¢5 are not entitled to vote on decisions rtlaiing to pay or conditions of
trnployrnent. Boord meetings are beld quarterly, with quarterly management actounls. budgets. proje¢1 activity and fundraising
reports presenied. and business, policy and strategic planning decisions taken. between board meetings fvrther discussions
requiring govemance overview are by working youps made up of Board and staff members.
The Senior staff team comprises= Artisti¢ tkv¢lopment Director, Finance Director, Arts & Facilitie5 DireC￿r and the Operations
Director. OITict Mana8cm¢nt and Human ResouTces.
Trustees And Management
The Directors and irustees are set out below=
O Thomas
PEIIis
H Francis
M Trotter
H Mack {Re5igned 25 January 2023)
L Leeson
C Miichell
DThan
S HobsonQlevedey
S Malde (Resigned 25 January 2023)
Y Balanescu-Bal
A Doyle
S Irvine
N Cohen (Resigned 25 January 2023)
H Trompeteler{Resigned 25 January 2023)
Th¢ twstee5 who served during the yearand to date are sei out above. Twstees are appointed by vote at the AGM. One third of the
direciois shall retire at every Annual General Meeting aDd be eligible for re4le¢tion. Trustees may act together to fill any casual
vacancy during the year. Appropriate induction and trnining policies ar¢ in place. All Trustees ar¢ considered key managetnent
personnel.
Potential new Tru5ttes are ithnlified thmugh discussion betwttn the Directors and the Trustees and are approa¢h¢d with invitation
to attend three Board m¢etiDgs as an observeT. Following this period p)iential Trustees are consulted by the Direuors and invited to
present a statement to the Board laying out their reasons for wishing io join. If all parties are agreed. the new Trustee will be
appointed.
The Chair in the year was Dr Loraine Leeson. Senior Lecturer in Fine AFL and Director of the arts charity eSPACE, speciali5ing in
community-based prn¢ti¢e.
Details of related party tran5action4 wh¢rc applicable. cath be fou￿1 Ln the notes to the accounts.
Risk Assusment
Tn order to comply with ihe Statement of Recommended Practice for Charity Accounts (FRS 102) a review of the major risks to
which the charity 15 exposed and the systems thai have to be establishol to mitigate thos¢ risks has beEn carried out. The trusiees
receive regular reports and these are monitored on an ongoing basis at Board Level_

FOUR CORNERS LIMITED
Trusttes, (Directors.) Annual Report
for the
ear ended 31 March 2023
R¢fer¢nce and Admin&strative Information
The company is limited by guaTante¢ and has Do shore Capitsl.
Undcr the provi5ion5 of the company's memordndum of association. each member would be required to contribute a sum not
exceedin8 £1 for the payment of the debts of the company in the event of a deficiency of assets on a winding up of the Company.
The company is a registered ¢harity under the Charitias A¢t 2011 (as amendd by the Charities Act 2022) with registration nufflber
279945.
Principal and Registertd Office: 121 Roman Road. Ro￿. lJ)nth)n. E2 OQN
Statement of Trusttts, Responsibilities
Company law requires the Dire¢ioTS to prepar¢ a¢wunts for ¢ach financial year. which give a true and fair view of ihe sthte of
affaits of the wmpany and of the surplus for ihai year. In preparing those accounts the Directors are required to..
Select suitable accounting policies and then ￿pIY them consistently:
Observe the method5 and principles of the Charities SORP..
Make judgements and esiimaies th81 are Irasortable and pn￿ertI-
State whetherapplicable UK Accounting Standard5 have ken followed. Subje￿ to ar)y material departures
disc105ed and explained in the accounts-
Prepare the accounr5 on the going concern basis unless it is inappropriate to presume that the conipatiy will
continue in busirtess.
The trU￿eeS are responsible for keeping Proper a¢o)uniing r￿ft1$ whi¢h disclo%, with re&50nable aecuracy at any time, the
finan¢ial position of the co¥npany and to enable them totnsure the a¢¢ounts hav¢ been pJDperly prepared in accordance with the
Provisions of the Companies A¢1 2006. They art a]so rtsp)nsible for safeguarding the assets of the company and hence for takins
reasonable steps for the prevcntion and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial infonllation in¢luded on the ¢harity's
websiie in aecordance with legislation in the United Kingdom governin8 the preparatK)n and dissernin8tion of financial siatements.
Obj¢¢tives and i¢tiviti¢s
Sirale
ic Gonte¥l
Four Corners 15 a centre for S￿la]lY-¢ngagcd film and photography that Strives for positiv¢ so¢ial chang¢.
Four Corners own5 the freehold tsf the building * 119-1.21 Roman Road. BdhDal Green. The centre offers a flexible and accessible
public space with a gallery. sbjdio. trdining rooms. darkrwms and offices. The five-storey building hous¢s a community of creative
ompani¢s working in film, photogrdphy, animation and related creative medi&
Four Comers Archiv¢ 1$ a nationally si8nifieantfollection of the early history of Four Comtrs and thc Half M4Jon Photogrdphy
Workshop/Camerawork. held * Bishopsgate Institute and othline: www.foureomersarthive.o
ondob ective
Four Corners promotes socially-en8aged film and photography through creative expTession, education and empowemeni. We
believe in the power of fjlm and photogrdphy to make ￿SItive change. Access to the arts is unequal, and we are working to chang¢
this. From our cenire in Easi Lotldon." we ¢hampion under-iepreseni¢d people and Comm￿nItieS to develop ski115," create and show
their work. Our archives. facilities and resources generate new Creative pra¢iice r¢sear¢h, buildjng on fifty years of progressive,
socially-en8agcd practice. Public gallery exhibitions and events engage audi¢nr¢s with diverse Social histoiies which might
otherwise bt lost.
The Strdtegies employed to athieve the Charity's aims and objeciives are delivered through..
Skills training and participation for people from under-repre5enied background5-
Support for artists to create and exhibit their work-
Cultutal programme of exhibitiort, talks and projects.

FOUR CORNERS LIMITED
Trustees, (Directors.) Annual Report
for the year ended 31 M2rch 2023
Dislinclive methods
Four Corners, method of delivery is prodvction-led, praetitioner-cerbtered and %)cially inclusive, with an inte8ratcd approach to
learning and en8agcment. Projects drdw togeiher local communiry 8roup5. young people, emergent and e5tabli5hed artists. Thi5
dynamic approach and integrated set of pracii¢¢s ad¢ts exceptional value.
Pttblic be
In shaping the oroanisation's objeciives for the year ané plannitho its activities. the trustees ￿￿fim7 that they have referred to ihe
8uidan¢e contained in the Charity Commission's general guidance on public benefit. including guidance on public benefit and fee
char8ing_ All progrnmmes delivered this year were either free of Charge io parti¢ipants OT highly subsidised. It is th¢ judgtnent of .
Ihe irusttes that activities in PUTSUit of the above objective5 fully meet the publi¢ benefjt test. which they hJve kept in mind in
planning Programmes for the charity. In deliverin8 services and in the apwintmtnt of staff. voluntetts and trustees the charity
operales a strict policy of no discriminalion.
Achievements and performance
Four Corners. programmt mtt its core aims of $upp)rting artists, local cornrnuniti4 and ptoplt fiDm under-represented groups, ￿. ..
well as engaging bro8d audiences through the publi¢ programm¢_ In th¢ y¢ar...
Galltry exhibition5. in-house and off-site, drew 4.183 visltors-doublc tht number in the PT¢YiOU5 year. and
InCrea￿d attendance by younger and more diverse audrcnces-.
Talk5 and events en8a8cd over 350 people nationally and inlernationaliy..
56 artists had their work showcased in exhibitions and online talks.
95 peopl¢ gained skills irainin8 and mentoring oPpo￿ni11ts, with 5 securing paid WO￿ pl¥¢m¢nts, and 10 paid
gaithirtg employment"
20 phoiographeTS gwned professional development supw)rt"
10 voluntetTS. 3 MA students and I schoolwork placement underti￿k￿Search on archive projects. and 14
volunteers collaborated to Tnake 5 Short filrn5.
Pariners 0￿collaboralI0
Four Corners works within the visual arts and film sectors in London and beyond, and"In collabornions across higher education,
museums, archives, galleries, arts and community organ1s2tions. This year we worked in partnership wjth Birkbeck, University of
London, Bishops8ate Institute, Cockpit Art5. The Friends of Tower Hamlets Ctrnetery Park Labyrinth Photographic, NIOD Institute.. i:..
ror War, Holocaust and Genocide Studie5, Photofusiort, Poplar Union, Space. Stitches In Time, Swadhinaia Trust, Tower Hamlets
Local History Library and Archives, University of Brightort, and the w0￿erS Gallery_
Foctlities
Film equippryenl & dorArooms
The high-quality. professional film ond photographic fa¢ilit?¢s availabl¢.for subsidi5cd hire to filmmaker& photographeis, and.
artists. Four Comers is one of Yery few orga¢Jisations that offers publicly a¢¢essibl¢ darkroom resoLITces. and Can sllpwrt
participants in learning film-based. Inditiortal and early print darkr0om.pioce￿s_."ll. works with a network of specialists,.
supporting a growing intercst in traditional production techniques. Film fxilitlC5 inelude high4efinition and 16mTrt ramera5, and.:
state of the art film lens￿.
16mm film continues to be a sou8hi-after acquisition medium, with the Bolex and Aaton 16mm Came￿ in demand. The Zeiss
superspeed lenses cross-hired via FAVA Rental ort most successful. with over 50U/ts of equipment Income generated through ihis.
area. There were 185 darkroom sessions, an 8￿/1) increase on the PTevious year and indicatfon of a good Tecovery from Covid
restri¢tions. There ￿Te twenty-sevell individual darkroom usets in the yèar."
Gallery andsludio hir&f
We offered hire of our gallery and studio space in the year. at time5 when our public programme w85 not rnnning. There were ei8ht
hir¢s in the year.
Building
Four Corners, centre IKsused twenty-two small companies and sole trdder5.' 3 total of ihirty-four people. and alongside Four Corners,
Staff, over forty-five people. Alongside the third-flcx)r desktop tenants, companies included Labyrinth Phoiographic, the award-
winning. colour pro lab print setvice based in the darkrooms" produ¢tion company Nowadays. animation ¢ompany Sentio Spa¢e'
and Gail Stevens Castirtg. We a]so partJ¢ipated in the annual Open HO￿5¢ ev¢Dt showwing important buildings in London.

FOURCORNERS LIMITED
Trustees. (Directors,) Annual Report
for the year ended 31 March 2023
Advice, informall0￿ & ￿ldance
Four Corners continued fo provide a on¢-stop shop sup￿￿10£ artis￿ filmmakers and photograph¢rs with facilitie5 and production
adviv and guidance.
rrainin
nd rtici
Four Corners. free training PTooramme5 are aimed at unemployed and und¢r-repTtsented people within the filmrrv industrie5. Th¢
organisation has provided an annual Scheme Since 1996, supporting over one th0￿$and ptople. Thi5 core area continued to offer
industy-standard trainin8 for t*oplc to devclop career5. The progrdmme is recogfti5ed for building skills and confidence through
'hand5-on' 1¢orning in a practical. production-led trainin8 context. with proven succe$5 in supporting people into employment.
ZOOMFÉIM School
Funded by the London Borough of Tower Hamlets, b)cal Community Fund, the projeu began in 2019 and ran until summer 2023.
Of the ￿enty-tWo traintts in the year. The￿ were 50% with a disability or long-ttrm health condition. 68Yo from Black. Asian or
minority ¢thni¢ background4 55Yo women, 36% young people, 23Yo wple wilh low levels of fomial education, four singl¢ parents
and 5 parent￿carters. Trainees worked on three short films for Th¢ Friends of ToweT Hamlets C¢met¢ry ParK Siiiches In Tim¢,
and Poplar union. Five people compleied work placements with Univetsity of Brighton and Xfilrn. and one trainee was supported
thiough the 8overtunent's Kickstart 5ch¢me for youThg unemployed PEople. Ten people gained employmellt in¢ludkn8 at XFilm&
Sentio, University of Brighton. and Ccntral Film School.
Workng in Fllm ond Televi51011
"Working in Ftlm- w&$ supported throutth the Westfjeld East Bank Crcative Futu￿5 Fund Medium Grdnt S¢herne. alongsidt
funding from the EQUAL Europcan Social Fund pro8Tamme. The projcct aimed to support pcoplc towards careeTS in TV and film
through the provision of specialist skills training and mentoring. It providcd five days introductory sessions for ten participants.
followed by an inrensive, six-week course for sixteen P￿pIe. Trainees were recruited from acrts5s Hackney, Newham, Tower
Hamlets and Waltham Forest.
Durin8 the ¢ovrs¢ tyainees worked to develop. slwi and edii a short film and wer¢ thught and sUP￿Trrted throughout the process by
experienced industry professionals and tutors. Trainees attended c1&5ses on story strvcture and how to deliver a narrative on screen,
well as l¢ami•g atM)ut screenplay forniatting artd the docwnentary treatment. Th¢y pitched and discussed their own ideas before
focusing on specifi¢ pmjects to lake forward into pmduciion. They also attended pra¢tical camera workshops on how to Shoot
images and record sound with the Sony FS7 handheld eamcorder kit. M05t trainces had no camtra experience. These session5 were
supplemented with rnastertlasses from Industry professionals on directing and how the crew works on set, as well as producing and
prodsjction managernent. Tr3irtees thert worked in te4ms to Sh￿)1 their films." a mix of studio-based dtsma and location-based
do¢umentsry. After the shoot% ¢he irairtees were how to use Prtmiet¢-Pro editing software and supported through th¢ edit
process in order to deliver their finished films.
"lihoughi all ihe i¢o¢heTs were irntya¢ellepk undreolfy knowlÉdgeable. n*ywere so willing io shore iheir
knowledge andexperlise. . Tl*y were all ￿ryP0¢16￿l andjltrible wiih XT, which ts really imporianlfor o safe
learpring environDKnl. lolso really enjoiEdwolchipy the oilws on ¢our5e learJR grow. develop ondio know ihai
Ihis co￿r3e cOuldcl￿1ge iheir liveslor ihe beitsr"
"l ihink the ¢ourJe is omozing. I Jearniso athlJlo¥* w£ry li helpypeople breok inlo ihe indusiry who
oihen¥ise cotsldreolly siruggle lo gei equol opporitsnili￿ in afieldihoi SÉÈMS io be domith71edby iheprivileged"
Jnio Foc￿&
This intergtnerational photography projeci for local residents SUPWrted seventeen young people and fjfteen over fifty-year-olds.
Participanis learned analogue phoiogTaphy and daTkr£wJm printing skills and ¢Teated Colla￿ratiVe projects. ¢ulminaling in two
exhibitions in Four Corners Gallery. This prnjtct is fvnded through LB Tower Hamlets, iA)cal Community Fund. and runs to 2023.
Kickstari Scheme andGuard￿n workplacements
We ￿ceiVed funding of £10.070 towards employing four young people for 6 monihs to work artd learn at Four Corners, and
for rnvo trainees make films for the Guardian Foundation. Three of these were traintts. who were facing significant
ba￿lerS to securing employTnent. Three continued to be employed in the creative Sector following their placements.
orar
London Creolive Network (LCN)
This follr-year programme. part-funded through the B￿ropean Regional tkvclopment Fund. is airned at emergent & mid-career
phoiogr4)hers. li is a partnership led by SPACE, with partners Four Corners. Pknfusion and Cockpit Arts. Fouf come￿ supported

FOUR CORNERS LIMITED
Trustees, (Dire¢tors'l Annual Report
for the year ended 31 March 2023
IO0+ photO8rapher5 in a fjnal six-month round to March 2023.to develop their practice through a prOg[￿rne of 5pe¢ialist
orkshops, meniorin8. inthousE fa¢Jlities and networkin& with the opportunity to crtate and 5howcasc new pmjects.
Faihom
FuDding from the Foyle Foundation supported a new pffjfessional development PTogrnmm¢ for artists and pra¢iition¢rs working with
photography and moving trnage. It provided tswo. 5ix-rnonth programmes supporting twenty emerging artists. with a pn)gramme
tailored to their individual needs.
Archive
Four Corners Archive is a ¢olletiion of ihe early history of Four Corners and the Half Moon Photography WorkshoplCaTneraworK
held at Bishopsgaie Institute and an online ar¢hive= www.fourrornersarchive.org
Hidden His¢ories
This th￿e-year archive projeci COTltinued, with r￿tarCh inio the H￿f Moon touring shows 1976-84, supported by the National
Lottery Heriiage Fund with additional supFM)rt fiDm the Paul Mellon Centre for Sftjdies in British Art. Th¢ project also supported
two. three-monih student internship5 from Bitkbeck. University of ￿)ndon'S MA in Museum Cultures and History of Art in surnrner
2022. One stud¢ni fo¢used on researching th¢ H3]f Moon touring shows, scanning slid¢5 and catalo8uing for ihe archive websitr. He
Wro￿ a blog article that was published or) Four Cornets, websiie. Th¢ s¢¢ortd student fo¢us¢d on the film-based side of the
collection. archivillg two boxes of material. and di8jtising a series of publi¢a¢ions and ephemeTa. A further eight-we¢k Internship
involved a PhD student from the Univtr5ity of Bri8hton. undertty)k T¢search into severnl of ¢h¢ Half Moon tOUTing exhibitions.
Artistie Development Director, Carla Mitchell, submitted an article for thr forthcomin8 publication. Contemporary
Photography as Collaboration. (eds) Mathilde Bertrand and Karine Chamb¢fort-Kay. Pa]gTave Springer December 2023.
Bengoli PholographyArchi
This element of the Hidden Hi5torie5 project launched on 1st October 2022. It was attended by around forty people and partners
Tower Hamlets Archives and Swddhinats Trust. The event included short speeche5. informatitsD for potential volunteets, and a pop-
up photo tA)oth. Six voluntetrs were recruited to the BenKdli Photo Archive Proje￿ in October 2022. and a fvrther four in January
2023.
'On ihe Move, DffgiialAr¢hive Projeci
Beginning in January 2023. this initiative creates a Substanti￿ new element of Four CorntTS' digital archive. focused on the Half
Moon Photography Workshop's tourin8 exhibitions. A grant from the Paul Mellon Centre for Studie5 in British Art 15 5UPPOrting
a fjfteen-month project to open up the Study of this unique collection. and increase public acct5s ¢0 It.
Ctsllurol
The eKhibitiOll programme was parti¢ularly successfvl this year. Incre¥in8 Four Corn¢rs' reach and profile.
Phoiographing Protest." Resistance ihrougk o F£minRsi Lens. J8 March- 7 Mtsy 2022
Four CtsrneTS Gallery reopened after Covid-19 closure with this majorexhibiiion. ¢elebrnting images by feminist photographers who
Used their ¢ameias to support s(Kial ¢hang¢ In Britain over the past fify years. li included work by over twenty photographer5'.
Fiona Alexander, Katalin Arkell. Angela ChTisiofilou. ElaiTrea Emmotl Sajly Fraser. Melanie Fri¢nd, Sheila Gray. Sally Greenhill,
the Hackney Fla5her5. Judy Harrison, Tessa Howland. Jes5 Hurd. Parn 15heTh¥ix>d. Loraine Ikeson. Jenny Matthews. Michael Ann
Mullen, Maggie Murray, Joanne O'Brien, Rai5sa Page, Angela Phillips, Brenda Prince, Mary Tumer. Bex Wade. Janine Wiedel, Val
Wilmer, Mo Wi150n and Carole Wright. The exhibition received wide coverage, including in The Guardian. and an interview with
Maggie m￿rraY on Woman's Hour, BBC Radio 4. A¢companying the txhibition, a series of online talks with artists and aradtrnics
was produ¢ed in collabor*ion with Kylie Thom&s of lh¢ Netherlands Institute for War, Holocaust and Genocide SbJdie5 (NJOD) in
Amsterdam. This exhibition was supported by Arts Council London. wth additional funding fwom the Liprnan-miliband Trust and
the Barry Amiel and Norman Melbum TnJs¢.
The Project met its aim of ¢ngagin8 new audiences= 72% had never visiied Four Corner5 Gallery before. Audiences raied the
exhibitions highly (880A rated the exhibiliOTI as 'ex¢ell¢ni' in their feedback). PIK)togrdphing Protest a150 artracted a youngtr
audience- 25% otvisitor5 ￿re younger which represents an iner¢ase on previous PTDjects_
"OuL%ionding evocalivephrtographs 01￿￿P10￿￿Io￿s ofoll ihe resislance shown by (*ffereni Campaigus. Besi
hibiiion J'¥Y seenfor a long lime"

FOUR CORNERS LIMITED
Tru$tees' {Dirtttors') Annull Report
for the year ended 31 Marth 2023
The exhibition toured with the Worker5 Oallery in the Rhondd4 Walts, as part of Pwer Pobl- People Power In July 2022.
This was seen by an estimaied 355 people a¢ the gallery, and then toured to etghi other venues around Wale& rExhing a
further estimated ont hundred and fifty people across Souih Wales in auttjmn 2022. Bu22 magazine rated it Ls'powerful
protest photO8fdphy a mu5t-see in the Rthondda,.
The exhibition had a direct impact in highlighting work by wornen phologrdphers of the 1970s and the 198Os. Work by
Fomjat phoiographers of ihe Greenham Common proiests were displayed at the Barbican'5 REISISTERS exhibilion. at)d
Tate Britain loaned sevenieen photographs by Sally Fraser from Four Corners for its Wornen in Revolt! exhibition thai
launched in November 2023_ Several of Frnser's photographs We￿ purchased by the National Portfdit Gallery for dieir
'Reframing Narrative5.' Women irb Portraiture.. 2022 collection.
Brick Lone J978. The Turning Poinl, If)June-J5 Seplember 2022
This exhibition was the Culmin￿lon of this Nattonal txjttcry hcrita8e project in partnership with Swadhina¢a Trust and photographer
Paul Trevor. It focused on ihe proiests which were sparked by the racist murder of Altab Ali. when lockl Bengali activisis mobilis
against racisi violen¢e irt iheir ¢ommunity-
Staff artd volunteers worked towards the final exhibition for June 2022. sel¢¢iing images, transcribing over thirty interviews, and
writing the exhibition booklet. The core group of ten volunteers coffipiised 50°h PEople from Asian British, mainly from
Bangladeshi backgrounds. Most volunittTS wue aged thirty-five to 5ixty-five. and thr majority were women. The oral history
Interviewees provided invaluable IdeniifÉcation of key people, events, places and strttt n&mes. which fed into the project's
exhibition and ¢du¢ational IKoklet.
'Fot mepersonolly... Ihelaci ihai we were able Io COnnEcI wilh aclivists of 78. andmory ofihem themselv
didn't know Éhoi they were ihose images. lihink thg mO￿￿￿S¢1￿0l1￿g bil ofiheproje¢i. oble lofindand
I￿al£ i1￿￿epeople. ' Ansar Ullah. Projeci ManageT, Swadhin*a Trust
'The I￿[erViews.. I￿e been Ow￿l￿g. jwt lo lislen lopeDple'5 own slories, no1ju￿ wht¥ vas wriiien ai Ihe lime,.
Project voluThtttr
The exhibition brought together seventy-fjve of Trevor's photographs. with an exhibition Fm)ok1￿ short films made by voluntee¥s
wtth Rainbow Collective, and oral history recordings by origjnal a¢iivists. The 'Memories of Brick L2ne' filrns combined Paul
Trevor's photographs with excerpts from the interviews. A film launch ity)k pla¢¢ on 14 July 2022 to a packed audience at Four
Comers. with a voluni¢er presentation and talks by thret 0ri8inal actlV15ts. The film5 were also shown as part of the exhibiiion,
releLsed ort social media on a weekly blsis.
The exhibition gained go(xJ onltn¢ coverage, and with article5 in Abundant Art. Open Democracy and Spiialfields Life. Th¢
Glossary listed it as one of 'Lolldon'$ 8 musi-see photography exhibitions.. 1970s activisi Jalal Rajonvddin was interviewed by
Robert Elms on BBC Radio London. The Financial Times ran a one-pa8e article in its June 18119 wttkend edilioth. There wos
extensive coverage in the Bengali online press. whi¢h reaches wide audiences both in the UK and Bangladesh.
The ryoject achieved its aim of en8a8ing wide audie[K￿ particularly fmm east LA)ndon's Bengali community. Figure5 demonstrate
a significant ch2nge in Four Corner5. averdge audience profile. 6¥A had never attended am exhibiliort at Four Comers before- 59Y.
of respondents went to ¢ultural events 'every few months,. suggesting a far less traditionally arts audience. The majority were
younger {twenty-five io ihitty-four years old} than our averdge baseline. Breakdown by ethnicity shows a higher proponion of Asian
or Asian British visilOTS at 28Yffj and overall ethnic minority audienees of 4Wo. 9Wo of visitor5 rated the quality of the exhibiiion as
'Excellent' or 'Good'. and 97% would attrnd another exhibiiion of thi5 kind at Four Corners.
rxlremetypowe￿1 uhibilion, impk￿y1a1elyprCS8￿led InformaliNE wall ondtf)plion$. Free booklets lo (ake
way. Plrfostsni $eiiing ondlrien&y siaff. Firsi Class I.
'ThuPJkyoufors￿h e￿-Opening t)nd ho￿￿1 exhtbiiion The strnsgles Oft￿ Bengali community in Easi Lojvdon is
0fiepJJorg￿Étn to ihose ouislde ihe community..
The exhibition is touring throughout 2023. first io Mulberry Secondary School lor Girls. the Osmani Centre. Brady Centre.
Then on to Tower Hamlets Local History Library and ArchKves in Autumn 2023. Wt are delighted that the exhibition will ¢ontinue
to r¢a¢h new audiences al Schools and community centre5 In the botough-
Non-directorsitt
Non-director staff in the year were.. Building Assistant. Rebekah BTa¢e." Trdining & Arts Proj¢cts Manager. Helena Goundry,. Rob
Moye. Fundraising Manager Housekeeping, Adwoa Owusuaa" Training Coordinator Rozi

FOUR CORIYERS LIMITED
Trustees, (Directors,) Annual Rewjrt
for the year ended 3] March 2023
Peters. Curatorial & Archive C(K)rdin*or Eleni Parousi.. Facilities & Gallery Administrator, Emily Simmons. and Audience
Development and Communications Minoger. Anna Wa¢es.
volualion o
ur
ro
Four Corners monitors and evalu*es all tts progr8mmes. using iM)th qualitative and quaniiiative data. Data includes.. questionnaires.
Iraineelartistsltutor and placement evaluation& ¢as¢ studtes- audience feedback- press coverage. Indicators of success include
growth of audiences. new participants, positive fttdba¢k and ¢vidence that its progrnnmes have mède a real differen¢¢ to p¢ople's
lives and fvture development.
Financial Review
The Statemeni of Finallti￿ Activitie$ for the year is set out on poge I l of the accounts.
ReseThes at 31 Mar¢h 2023 wer¢ £2,169,468 (2022.. £2,135,223) and comwised the company's buildings arbd facilitie5 resourtt.
Unrestricted income funds were £1.080.083 {2022- £973,940) and design*ed fvnds were £274,333 {2022= £274.333) allocated to
the staff pensiort scheme.
ReslriGted iJ7come funds were £60.457 {2022.. £132.355) cornprrsing project furrd5 received rn adv￿<¢_ In ¢ompliance wilh the
Statement of Recommended Practi¢e a¢¢ounting and Rewrtiog by Charities. Four Comers has r¢valyed its building and r¢stat¢d the
value from April 2018 to create a revaluation reserve of £754.595.
The result for the year is a surplus of £34,24512022.. £85.9)3) being unrestricted surplus of £59,492 and restricted deficit of
£25,247. We allocated funds lo support our charitable projects durin8 the year amounting ttk £2.836 (2022: £57.485). adding the
remaining surplus of £106,143 to unrt5tTiCted tund5. Our restricted surplus of £60,457 will be carried forward 10 spend on the
related project5 next year.
We have a strong Balan¢¢ Sheet as we own our buildin8 and equipment with a relatively small rnortgage.
Flu¢iuations in incorne generaiion o¢¢yr due ￿ the availability and su¢¢¢ss of grani fvnding applications and a150 to the way incornt
is required to be present¢d irt th¢ accounts. Ineome is recorded when received and [￿t when projects are delivered. Income wa5
£647,696, an incre*¢ of £25.440 or 4Yti Ort last year12022.. £6222561. Grant fvndin8 remains volatile a5 funders face incrcasing
demartd and con5qu¢ntly ¢otnpetLlion is high.
Othcr income was £123,425. a 60A decrease of £8.066 on lasi year (2022-. £131.491).
enditure
Expenditure was £613,45 1. an increase of £77.098 on lasi year (2022.. £536.533). We speni more this year on our project costs and
eguiprntnt depreciation as we carried out work that had been held back due to Spa￿ closu￿ duriog th¢ Covid-l9 pandemi¢. We
raise funds from our building. facilities tradin8 and investsnents to match fund our grants to carry our ¢haritabl¢ programmes.
Overhead Costs remained stable.
Princi
al Fundin
Sour¢es
European Rc8ional Development Fund {ERDFI
We continued to be funded by ERDF for London Crvdtivc Markcts, to deliver proftssional skills support to gmw creative
busines5e5. The fijnd pays 5(P/47 of eligiblt Costs that amounitd to £76,59812022.. £77.698}. This fund ended in March 2023 as Ihe
UK left the European Union. Twenty artists gained further supwi from a grdntof £25.000 fTom ihe Foyle Foundation.
National Lottery Heritage Fund (NLHF)
The National iDttery funds awarded by the Nation•1 Lmery Heritage Fund (NLHF) is funding'Hidden Histories.. We are in year
three of an award of £286,198 to fund our archive and public Progrdmme. The project will continue into 2023124 as exhibitions,
delayed by our gallery closure during the Covid 19 pandemic. were rescheduled and continue into next year.
The NLHF also funded 'Brick Lane 1978.. The Tuming Point.. a reseai¢h. film and exhibition pmject thai will run over three year5
with a total grant of £82.4(K>. The project extended for anothei year to enable participation and ¢xhibilion audience5 to art¢nd
exhibitions and events in a post Covid eThvironmcnl in OUT Gallery and to tour the exhibition. We raised further funds from NalioDal
Lottery Awards for All and Old Possum's Pwti¢ai Trust to make a film with the cornmunity a￿￿t the project.

FOUR CORNERS LIMITED
Trustees, {Direc¢ors') Annual Report
for the year ended 31 March 2023
London Borough of Tow¢r Hamlers
Our Tower Hamlets, Local Community Fund pioje¢ts will njn for thrée and a half year5 until SEptember 2023. Our new entrant film
training scheme 'Zoom Film School, w&5 awarded £81.373 pei yeat to support film skills training to reduce barriets to employment
for disadvantag￿ 8roups through access to creative media. OUT new photO8raphy pmject'lnto Focu5, was awarded £16.584 per
year for community intergenerational photO8raphy and exhibition.
Kickstart S¢heme and ihe Guardian Foundation work placements
We received ￿[￿l￿g of £10.070 towards employing four young people for six months to work and leam at Four Comers and for
two trainees to make filTns for the Guardian Foundation.
Foundaiion for Future London, European Social Fund and the Mei¢han¢ Taylor's Company
We were awarded grants totalling £40,300 to train people facing multiple barTier5 into careers Jn film and television. This w&8
delivered through the Working in Film and Television schtme which supported twenty-one people.
Arts Council England- Cornrnunilies of Resisian¢e
We were awarded £89.700 from Arts Council England to our exhibiiions progrdmme from January 2022. The firsi
exhibition, Photographing Protest.. Resisthnce through a Feminill Len& opened in Mar¢h 2022 and the second Condiliolls of
Living opened in Jllne 2023.
New Fundtrs in the Ye*r
We received grants ID the year for wojects thw wll comrnence this year but primarily be delivered next year.
Paul Mellon Centre for Studies in British Art awarded a grant of £30,000 to Sup￿Trrt public creation and access to Four Corners.
digital archive.
The Reach Foundation gave us £10.500 toward$ and feasibility and development of a Film School, which it 15 hoped will support
a new iniliattve.
Bengali Photography Ar¢hiv¢ project. we raised £26.832 toward$ the Creation of ihis importani archive from Historic England
andthe Art Fund.
Future programme activity
lon 2t122-25
Our business plan was developed in the year. with a focus on ensuring organisational sustainability. enabling us io Sustsin and
expand our charitable aim5. The5c will be achieved through ihe ¢h￿e core areas-.
Cultural programme
Annual PTogramme of Ga]lery exhibitions. talks atMI events-
Sustain and build FOUT Corners. ar¢hive-
Communiry-arehive creative PTOjC¢ts with local schools and groups.
Support for artists and participants
An integrated programme for artists and participants to mte and exhibit new work-
Artists, commissions athd residencie5.
Centre, facilitie5 & Space
Implementation of our recent Access Audit.
Take forward tht IDStallation of a new lift. (o provide access throughout the building.

FOUR CORNERS LIMITED
Trustees. (Dlreetors.) Annual Report
for the year ended 31 March 2023
Erhibilion, Archive & Parficipulory
The Hidd¢n Histories archiv¢ proje¢t will support two exhibitions in 2023. 'Conditions of Living.. Home and Homelessne5S
in East London. a new collaboration by artisi Antlk)ny Luvera and local resident5. alongside a youth proJ¢ci In Southwark,
summer 2023- artd Phoiogwhy the Move- the H￿f M(M)rt Touring Shows 1976-1984. in the autumn. Phase One of the
Bengali Photography Archive will be complded in January 2024. W0￿1￿g with pann¢rs Swadhinata Trust and Tower
Hamlets Local History Library & Archives.
Chile.. 50 Yeats (kn- a restsging of Peier Kenna￿.$ original Half Moon touring show. 'A Document Chile.. alongsid¢ 8
display of arpilleras made by Chilean women. io commemorne the 50 anniversary of rhe 1973 coup in Chile.
We will tsk¢ fon¥ard a new Nalional Heritage Lottery Fund project. The People's Galkry. to run from November 2023 unlil
spring 2026. We will work wilh $i￿¢c￿ volunieers io explore Four Corners, community-engaged photography and film of the
1970s and 1980s. and documeni rtl*ed Ic￿] hisiories of this e
Two new. Ihree-year projects will be8in in November 20?3. supp)rted through Tow¢r Hamlet5 Mayors, Community GTants
programme. Camerdworks will supw)rt 28 young Tower Hamlets residents with the opponunity to tske part in photography
workshops and creative project& with a twelve-week trdining coutse. $ix-week after schwl studio photography and lighthn8
Course and masi¢r¢lass ea¢h yeor. Easi End s￿rIes will enga8¢ twelve local residents each year to research local hisiori¢s and
archives, leam film and phO￿g￿phi¢ skills and ¢o-¢ffat¢ short films atrK)ui local themes.
New eoll4bortsiions
Four Corners will support two heriiage projects in 2023. prnviding skills training for partieipanis on Oxford House's'Growing Up
in Bethnal Green. and Unity ATts Moonbeam Magic.. and an exhibition displayjng th¢ outcomes of the Unity Art5 participants,
trd2ning sessions in 2023.
Erpanding our centre
Funding w&s achieved Irotn City Brtdge Trust to take forvdrd an access audit in January 2022, and fijrther suprth was sought to
implement its recommendation5 Wlth a capital build project. A key element will be taken foTward with the provision of a lift to
enable full building access. Fundin8 h&s yei to be achieved. This would have a significant impact ort oper)ing up th¢ building for
future use. We will contÈnLte to sttk funds lo take thi5 forward.
Reserves Policy
The irusiees have agreed lh* the aim should be to hold a reserve of six month5 running costs. The remaining unrestricted resery¢s
are invested in our building and equipmenl we use io m*¢h fund our programme5.
Independeni Examiner
Thc Charity is required to have an Indepertdeni Examinatiort in ac¢oftlance with the provisions in the Charitie5 AGt 2011 (as
amended by the Charities Act 2022).
Natslie Spalton FCA tsf Dickinsons. Chartered A£￿intan￿ was appointed Indepxndent Examiner.
Exemption Statemtot
The accounis have been prepared in a¢¢ordan¢¢ with the Vial provisiorLS for small tompanies under Part 15 of ihe Companies
A¢t 2006.
By Order of the Board..
A[Z￿.42£-&
Trusi
and Director
Date-.

FOUR CORNERS LIMITED
Independent Examiners, Report to the Trustees of FOYT Corners L4mit¢d
for the ye*r ended 31 March 2023
I report to the tharity trustees on my exami1￿110￿ of the accounts of ihe Charitable Company for the year ended 31
2023.
RespoNsibilitie5 and basi5 of report
A5 the Charity's trustees (who are also the directors of the company for th¢ pU￿oSe of company law). you ar¢ responsible for
tjie preparation of th¢ accounts in accordance with the requiremeDts of the Companies Act 2006 (the 2006 Act").
Ftaving Satisfied myself that the accounts of the Company are r)ot required to b¢ auditcd for this yeaT undeT Part 16 of the 2006
Act and art elJ8ibl¢ for indepertdeni examinatio￿ I rewjrt in respecl of my examin*ton of your charity's accounts as carried
out under se¢tion 145 of Charities Act 2011 {"the 2011 Act") {&$ amended by the Charities Act 2022}. In carrying out my
examination, I have followed the Directions 8iv¢n by the Charity Commission (under section 14515Kbl of the 2011 Aet}.
Independent examiner's statement
The ¢ompany's gross income exceeded £250,000 and l am qualified to undertake the examin*ion by being a qualified
member of the ICAEW.
I have completed my examination. I c￿rImI that no material mattets have come to rny attention which gives me cause to
believe that..
Accounting records were not kept in accordance with Secti￿ 130 of the Act.. or
The accounts do not accord with 5ych rteoTds' or
The a¢¢owits do not comply with relevont accouThtin8 requirements other than the accounts give a 'truc and fair. view
whirh is not a matter considered as part of an Independent examination. or
The ac¢ounts hav¢ not been prepared in a¢¢ordance with the Charities SORP (FRS102).
have no con¢ems and hav¢ come across no other martets In connection with iht examination to which attention should bt
drawn irt this report in order to enable a proper unde￿1?￿dIng of the accounts to be leached.
Natalie Spalton FCA
Di¢kTnsons
Chartered Accountants
BTandon House
Fi￿1 Floor
90 The Broadway
Chesham
Buckinghamshire
HP5 IEG
Date..
io

FOURCORNERS LIMITED
StstemElltoFFinanti*l Attivitity
IoTthtytsr*rtdÈd3l M*tth 201
Revilu•ti
UnrNtrkt*d Ittstwyte
Fwnd5
Fun
22
Totsl Fund
f•nth
Tot•1
IncomingRESyurc
Othtrtr&ding ￿1VitieS
118.047
118.047
125.007
30,887
52].971
459.878
782
490.765
3,426
3.058
(hhtr
li20
3ffj8
20
3.058
3.058
Totsl IrKoThi*E R￿￿r¢
123.ns
523J71
647.696
l61.596
460.660
622 256
RÈsources Exwndtd
14P31
701
589J27
9.378
86.371
442.012
(hhEi ￿￿Qu￿5¢Xpr￿drd
loo
Total Rosourtts EIpEndtd
14.746
598.MS
442.082
Ttsts5fe￿ Betwten Ftsnd
18J6
57.485
N*t Movtmentjin Fund
11ts16
76.063
Rttoncili*¢ioR DfFuDds.'
Fundsat l A￿12022
Nrimovtmtnl irt Funds
Total Fu*ds *t3l 201
754J95
iJiJn
106.143
l31355
{71.B91)
6D.457
1135223
34245
2.169.468
754J95
IWS.433
9.840
124V73
56292
76.063
2.049J?O
85.903
754595
754.595
Thestatement Dff1n￿C￿l xhwties inthth5 ?11 kw5 tt*rn.
All ¥nl tsF*rtdLluttisdtn￿ fmm continuing xti*li
li

FOUR CORNERS LIMITED
B¥lgDce Sbeet
s at 31 March 2023
Notes
2023
21122
Fixed Assets
Tangible assets
2.112.793
2.146,882
Current A55ets
Debtor5
C&sh at bank and in hand
52,771
232,307
43,408
192,178
285.078
235,586
Creditors:
Amount5 falling due within one year
(92,178)
(88.755)
Net eurrtht liabilititg
192.9)0
146,831
Totgl asxts less current liabilities
2J05,693
2293.713
Creditors
Amollnts fallin8 du¢ after more than one year
12
(136,225)
(158,4901
Ne¢ A$$et$
2.169.468
2,135,223
Reseryes
Unrtstricttd Income Funds:
Unrestricted Funds
Designated Funds
14
14
1,080,083
274,333
973,940
274.333
.354,416
,248.273
Restricted Incorne Funds:
Restricted Funds
15
60,457
132.355
Rev91uAtion Reserve:
Revaluation Reserve
16
754.595
754.595
Trfal Funds
2.169.468
2,135,223
For the financial year ertded 3 1 March 2023 the company wa5 tntitled to exemption from audit under section 477 of th¢
Companies Act 2006 relating to small companies.
The Trustees acknowledge their resp)nsibililies ftjr complying with the requirements of the Companies Act 2006 with respect to
occounting records and the prepardtion of the financial ￿lleMents.
Th¢ m¢mbers hav¢ not required ihe ¢ompany to ¢A)tain an audit of its financial statements for the year ID qiiestion in accordance
with section 476 of th¢ Act.
These financial statements have bttn prepared in a¢¢ordance with ¢h¢ provisions applicable to companies subject to the small
companies regime.
These ￿cOUntS were
proved by ihe board and auihorised for issue on................................................................
Grfl Lé 14 irLIF&LL
Tru5tet and Dirtctt)r
The notes onpages 14 10 20forfft￿rt ofilwe tycolrnts
12

FOUR CORNERS LIMITED
Statement of Cash Flows
as at 31 March 2023
Notes
2023
2022
Cash nows from operAting g£tivities
Cash genetaled by operations
InteTest paid
21
77.433
8.151
126,256
Net cash inflow fTorn operating #rtivities
69.282
120,422
Investing activities
Payments io acqltire tan8ible fixed ￿Sets
Net cash used in investing attivities
(7.858)
(6,560)
Fin8ncing activities
Repayment of lon8 tenn bank loan
IYe¢ cAsh used in fiTr2nting Activitie5
Net in¢rtxse in tash and tash equiv*lents
40.129
91,269
Cash and cash equivalents at begirtning of
year
192.178
100,909
CAsh and cash equivalents at tnd of ye#r
232 307
192 178
The 0npoge$ J4 10 20formJx7rl Dfihese (xcoun15
13

FOUR CORNERS LIMITED
Notes forming p#rt of tbe Aeeounts
for the year eDdtd 31 Marcb 2023
Principal Actounting Polities
Bo%is ofoccounls- Going concer
These accounts have been prepared on a 80in8 concern basis which &85umes that the charity will continue in
opeTational existence for the foreseeable futur¢. Four Comers are heavily reliant upon grdnt funding and acco￿1ngIY
the validity of thi5 &SSUrnPtion is dependent on sufficient and cortlinuing financial 5UPPOrt being rnade available from
existing and new sources of funding. The TTUStees aTe CL)nscious of the need to obtain fvrther grant funding in the near
future. Noneiheless, Ihey are confjdent that existing and expeded new funds will be suffi¢ient io ensure that the
¢horiry remains a goin8 concern.
Aceounling Convention
The accounts have been prePa￿d under the historical tosi conveniiort, modified for the revaluation of freehold PToperty.
tht Statement of Recommendtd Prdcticc accounting and Reporting by Chantie5 in accordance with. the Financial
Reporting Standard applicable to the UK and Republic of Ireland IFRS 102)- the Companies Act 2006,. the Charities Act
2011. The accounts include the results of the company's oper*ions whith art described in the Trustees. Annual Report.
The f)nancial slaiements or¢ prepared in sterling. which is the functional currency tslthe company. Moneiary amounts
in these financial ststements awe rounded w th¢ nearest pollnd.
Incopning Resources
Total incoming r¢50urces as shown in the Swemeni of Finart¢ial Activiiies is the turrtrover of the charity and comprises
the value of fees, gran￿ rent and donations receivable in ihe ordinary course of activittes, together with grant5 receivable
in the year. Voluntary income by way of donation and gifts to the charity is in¢luded in full in the Stalemeni of Financial
Activities when received. Intsngible income 15 not included unless it represents goods orservices whièh would otherwise
h&ve been purchas¢d. Gifts in kind are valued and brought in income together with appropriat¢ expenditure.
Re5&urces Expended
Expenditurt is a¢counted for on an accrnals b&sis, recognised when a liabilÉty is incurred. and classified under headings
that aggregate all costs related to the caiegory. Where costs cannot be directly attributed to specific headings ihey have
been allocated to activities on a basis Consisteni wjth th¢ use of resources.
Bosic FittoncialAssets
88si¢ fjnancial &8sets. which include debtors #nd cash and bank balan¢es. are Initially mtssured at transaction pricE
includjng transaction cost and are subsequently carried at amorti￿d cost using the effective interest method unless the
arrongernent tonstitutes a financin8 transaction, wherc the transaction is measuTed at the pregeni value of the future
receipts discoyrtted ai a market rate of interest. Financial &ssets Cl￿sified as receivable within one year are not
amortised.
Busie Fiuovci&l Liobililies
Basic fjnancial liabilities. including ¢rtditors and bank loan% are tnitially recognised at transaction price unless the
arran8ement Constitutes a financing trdll5action. whEr¢ thE debt Instrument is measured al the present value of the
fuiure re¢eipts discounted at a market rate of interest. Financial liabilities ¢lassifi¢d as payable within one year are not
amortised.
Grtsnts Receiv4iile
Grants received in respeci of ￿pital expeodiwre are crediied io the profit and10s5 account on receipt of the gjani as ihe
related expenditure is utilised at the dis¢rdion of the Charity_
Governmeni Gronts
Governvnent grants are recognised at the fair value of the asset rectived or receivable whcn is r¢a50nabl¢ assvrance
that the grant conditions will be mct and the grants will be Teceived_
A grant that specifjes perfornianc¢ condition5 1$ recognL5ed in income when the performance conditions are met. Where
a grant does not SP￿ify perfomiance conditions il is re¢ognised iTh income when the pmceed5 are received or receivable.
A grant received before the rec4)gnition Criieria are sa¢isfJed is recogThised a5 a liability.
14

FOUR CORNERS LIMITED
Note5 forniing part of the Ar¢ounts
for the year ended 31 March 2023
Principal Accounting Policie5 {contiNutd)
Tongible Fi¥edAssets a￿dDeprecia1io
Tangible asseis oiher than freehold land are stated at cost less depreciation. tkpre¢iation Is Provid￿ at rates calculated
to writE off thE cosL1ts5 CStimat¢d residual value of each &8set over its expected u5cful lift. as follows..
Plant and equipment
Plant and equipment {restricted funds)
Fixtures and fittings
Freehold property and improvements
20Y• on written down value
over the term of the PTDje¢i
20Y(* on written down value
jt depreciated
The frtthold property is not depreciated. rep￿enting a departure from ihe Financial Reporting Standard applicable to
the UK and Republic of Ireland IFRS 102) and Companies Act 2006 which require all tangible assets to be depreciated.
The freehold property 15 not dcpreciated on ¢h¢ gwunds thot the residual value is considered to be equal to or higher than
the c05t and depreciation would bc wbolly immaterial_ Annual impairnieni reviews are carried out to substantiate the
value held in thc accounts.
Ihvesimeni Property
Investment property. whi¢h is propeity held to earn rentsls andlor for capital appreciation. is initially re¢ognis¢d at
cosi. which in¢lud¢s the purchase cosi and any directly attributable txpenditUTe_ Subsequeotly il Is m¢asLJred at fair
value * the reporting end dat¢. Changes in fair value are recognised in the Statement of FiDan¢ial A¢iivities.
LeasedA5sets
Rental G05ts under operating Itases and the paymeois made und¢r them are charged to the Statement of Financial
Aetivities on a straL8ht-line b&sis over the lease term.
Roiric¢ed Funds
Restricted funds are to be used for specific purpK)ses as laid down by the dor¥)r. Expendithre which meets these
¢riteria is Id¢ntified ￿ the fund, together with a lair all¢xation of overheads and sUp￿rt COSLS.
Unresiricied F¥n
Unrtstrided funds ore donations and other incoming resources received orgenernted for the ¢harity'S puI"poses and
are available for use at the discrdion of ihe Twstees in the fvrtherance of the genernl obje¢tives of the charity and
which havc not been designated for other putposes.
Definedconlribuiion Schem
Payments to defined ￿ntributION ieiiremeni benefii s¢hemes are char8ed an exptn5e as thty fall due.
Key Judgements ondAssumplions
Incoming Resources
The ¢harity has incoming resources which are both re51ricted arml unrestricted sources of income. In identifying the
attributsble cosi to rtstri¢ted and unffstricied income a percentage is applÈ¢d to total expenditure io det¢rniine this. The
charity is unable to Ting-fentt spe¢ific ¢o$rs as the majority of restricted iThcome relates to stsff rime which 15
unquantifiable to each project. Funders are satisfjed tha( Eh¢ fijnds provided are bein8 spent in Ihne with expectations and
gllidelines and accordin8ly this method 15 considered ihe mosi suitsbl¢ to apportion costs.
Inveslmeni Property
The charity's property is a mixed used property and" in aceordanct Wlth Section 10.47 of the StateTnent of Re¢ommended
PractlCE accountin8 and ReportirEg by Charitjes the tharity has separated the mixed used property between property held
for operational use as a tangible fsxed asset and investmer)¢ propeTty. Ac¢orfingly the element considered investsnent
property has been included at f8ir value through the Statement of Financial A¢iiwilies and the owner-o¢cupied element at
cost less depre¢iaiion. The faiT value of the investment property h&s been deterniined by the Trustees ai their esiimation
of its open market value.
15

FOUR CORNERS LIMrrED
Note$ formittg part of the Aceounts
for the year ended 31 March 2023
2 Employee5
The total average monthly numberof employees during reporting period amounted to 16 (2022.. 15).
lllcoming ResouTees
The income and operating surplus for ihe year was derived from the company's principal activtty and arises solely in ihe
United tQin8dorn.
The income and surplus relate entirely to continuing activities arml ari5c solely in the United Kingdom. An analysts of
income is a5 follows-
Unr¢strirted
Restricted
Fund5
Total
2023
Totsl
2022
Donations
Reni re¢eivabl¢
Oiher incom¢
Training and fa¢ilities hire
Grants re¢eivable- Projeu courses
3,058
88.402
2.320
29,645
300
3,058
88.402
2,320
29.645
524.271
3,058
80,623
3,426
44,384
490,765
523.971
123.725
523,971
647,696
622.256
E¥penditure on Charitable Activities
Unrestricted
FuTrds
Restrltted
FU￿d$
Total
2023
Totsl
2022
Advertising and matketing
Support
Prerni5e5 costs
Direct Costs
123
10,262
3,641
12
1.628
478.992
108.544
163
1.751
489.254
112.185
175
1,534
467,740
58.884
295
14.038
589,327
603.365
528.453
Other Ruources Expended
Unrestrided
Fund5
Rtrtrided
F￿ndS
Total
21b23
Total
2022
Aecountancy fees
t£8al and professional fees
425
283
5,623
3.755
6,048
4,038
5,260
2,640
708
9.378
10,086
7,900
16

FOUR CORIYERS LIMrrED
Notes forming part of the Accounts
for the year ended 31 Mxreh 2023
Total Rttources Expended
Total
2023
Total
2022
Staff Costs
DepreciAtio
Other Costs
Expenditure on charitable activities
Other resourees expcnded
319.018
41.947
242.400
10.086
603.365
10.086
528.453
7.900
319.018
41.947
252,486
613.451
536.353
Staff costs {iDcluding Directors)..
2023
2022
Wage5 and salaries
Social securiry costs
Stsff pension
294,059
17,121
7,838
304,465
19.174
8,155
319.018
331.794
Other costs..
2023
2022
Premises
Workshop and wurse costs
Other resources expended
70,238
145,643
36,605
47.117
26,663
252,486
192,791
No employee earned £60.oc￿ or more.
Toltyl ruourco 4Jendedinclude.'
2023
2022
Accountsncy fees
Directors. iemunernion
Depre¢iotion of tsngible fjxed asset5
6.048
141.242
41.947
5,260
157,716
11.768
Transfer to UJbrestrict¢d Funds
When restricted funding is not adequate to cover restrictEd expendityjre. a transfer from unrestrtted ￿ServeS is required to
supplement the deficit. If restricted fvndin8 is not utili5cd atthe period end. il is carried forward uniil such time that all Costs
for that particular projcci or purpose have cwed at which rx>int. so long as the agreement does not prohibii it, the balance
of fvnds become unrestricted reserves. The amount of £103.543 {2022.. £87.566) h&5 been transftrred io restricted fvnds
from unreskncied fvnds during the year in relaiion 10 ¢eztsirt projects.
In totsl, the amount of £2.836 (2022.. £57,485) been transferred from unTestTiCted fuTwJs io restri¢t¢d funds during the
8 Tax on Surplus on Ordinary Attivities
The company is a registered ¢harity and is not liable io ¢otyoraiion tsx.
17

FOUR CORNERS LIMITED
Notes formiDg part of the AccouDts
for the year ended 31 Mareb 2023
Tangible A5$ets
Investment
Property
Freehold
Property
Fixtures
equipmtnt fittings
Cost
Total
At l April 2022
Additions in tht year
Disposals irt the year
1.960.0
139.810
519,056
7.858
104.260
2.723.126
7.858
As ai 31 Ma￿h 2023
1.960.000
139.810
526,914
104.260
2.730,984
DeprectAtion
At l April 2022
Charge for the year
Eliminated on disFKJsal
472,565
41.831
103,679
576.244
41.947
As at 31 March 2023
514.396
103,795
618,191
Net Book Value
As at 31 March 2023
1.960.IXKJ
l39,8lO
12.518
465
2,112,793
As at 31 March 2022
1.960.000
139.810
46.491
581
2.146.882
The valuaiiort of the invesThent property had it been rewised undei the his1ori￿] cost model, would have been
£1,205,405. The effective dale of the last valuation w&¥ 31 March 2020 atkd was performed by the trustees based on
their estirnate of ihe op¢n mark¢t value. The value at 31 March 2023 has been ¢onsideTed and in the opinion of the
trustees there has been no maE¢rial chan8e.
io
Debtors
2023
2022
Trade debtors
Other debtors
44.856
7.915
35,895
7,513
52,771
43.408
Creditors- Amounts fAllirtg dtst within one year
2023
2022
Bank loan in5talrnents (setured)
Trade creditors
A¢cruals and defetT¢d income
Other creditois
23,645
12.040
17,08S
39,408
22,675
5.614
19,147
41,319
92,178
88.755
12
Creditors: Amounts f*lling dut ¥ft¢r more than ont year
2023
2022
Bank loan instalmenis (secured)
136.225
158,490
18

FOUR CORNERS LIMITED
Note$ forming part of tbe AtCOUDts
for the year ended 31 Marcb 2023
13
B#nk Loans
2023
2022
The value of the103ns are ￿ follows..
Secured loan repayable by monthly instslments ending in May 2033:
Amount falling due within one year
Arnount falling due after more than one year
12.269
128.803
11,422
139,571
141.072
150,993
Amount not wholly r¢payable within five year5
91.996
105.306
Securtd loan repayablr by monthly instalments ending in September 2024..
Amount falling due within one yeai
Amount falling due after more thon one year
11.376
7.421
11,253
18,919
18,797
30.172
Amoutti not wholly repayable within five years
The bank loons are secured by way of a legal mortgage over the freelK>ld property and a floaiing charge over the 8$5ets and
undertaking5 of th¢ company.
14
Unre5tritted Ineome FuTbds
Surplus as at l April 2022
Surplus for the financial year
1.248,273
106.143
Surplus as at 3 1 March 2023
1,354.416
Designaied fvnds amount to £274,33312022.. £274.333) and relate to the staff pension. Unresthcied funds amount to
£1.080,083 as at 31 March 2023 {2022.. £973,940).
A5
Restritted lneomt Fund$
Surplus a5 at l April 2022
Defieii for the financial year
132.355
171.898)
Surplus as at 31 March 2023
60.457
16
Revaluation Reserve
Surplus as at l April 2022
Surplus for ihe financial year
754.595
Surplus as at 31 March 2023
754.595
19

FOUR CORNERS LIM￿ ED
Note5 forn)ing part of the Aecounts
for the y¢¥r ended 31 Marcb 2023
17
Called Up Sh#re Capital
The company h&s no share capitsl and is limited by 8itardntee. Under the provisions of the cornpany's Metno¥anduTn of
Association, each rnember would b¢ requir¢d io ¢ontribute a sum noi exceeding£l for the payment of the debts of the
company in lh¢ eveni of a d¢fi¢ien¢y of assets on a winding up of the compatly.
18
Control
Four Corners Limited has been controlled throughout the year by the man￿ernent committee. whom we identified in the
Trustee's Report on Page l of these a¢counts.
19
Related Party Transxction5
During the year, thc charity paid Ttmunerdtion to tru5tee5 who art also considered key rnanagement personnel. with the legal
authority as provided in the company's Memorandum and Articles of A&sociation, the governin8 document. for services
provided as follows=
2023
2022
DThan
C Mitchell
O Thomas
M Trotter
S Irvine
H Francis
19.922
34.746
34.746
19.001
6,264
26,563
18.931
33.198
31.985
20,108
28,356
25,138
141.242
157,716
20
Restricted Reserves
During ¢he year. the ¢haTity ￿¢¢Ive4 resthued gnnts. of which. £7,858 (2022.. £6,561) w&5 spent on computer
equipment. These purchases have been capiialised and ￿1]Y depreciaied wthin the year. as well as fully depreciating fjxed
&ssets brought forward relating to re5thcted funds.
The value of unutili5cd restricted ￿serVeS at 31 Mar¢h 2023 is £60.457 (2022= £132.355).
21
C*$h generated from operati•n$
2023
2022
Surplus for the year
34.245
85.903
Adju$imtnts for:
Finance Costs
Depreciation of tangible r￿ed a￿ts
8.151
41,947
5,837
11.768
Movements in working c4pi¢*l:
{LnCreaseyd￿rcasC in debtors
Increase in Credi￿rS
{9.363)
2,453
11,606
1.142
C&$h generated by operations
77.433
126,256
20