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|---|---|---|---|---|---|
|Trustees' Report|||||1-13|
|Auditors'
Report|||||14-16|
|Statement
of Financial|Activities|(including|Income and Fxpenditure|Account)|17|
|Balance Sheet|||||18|
|Cash Flow Statement|||||19|
|Notes to the Financial|Statements||||20- 32|
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##
||||(Li|mited by Guarante|mited by Guarante|e)|||
|---|---|---|---|---|---|---|---|---|
|||||Balance Sheet|||||
|||||31 March|2021||||
||||||2021||2020||
||||Notes||||||
|Fixed assets|||||||||
|Tangible assets||||||11,192||5,227|
|Current assets|||||||||
|Debtors|||16|30,785|||164,190||
|Cash at bank and|in|hand||311,772|||32,222||
|||||342,557|||196,412||
|Liabilities|||||||||
|Creditors: amounts||falling|||||||
|due within one year|||17|(144,800)|||(83,562)||
|Net current assets||||||197,757||112,850|
|Total assets less|current||||||||
|over total assets||||||208,949||118,077|
|The funds ofthe|charity:||||||||
|General
fund|||22|||106,980||47,532|
|Designated
funds||||||44,000|||
|||||||150,980||47,532|
|Restricted funds|||23|||57,969||70,545|
|Total charity funds||||||208,949||118,077|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Notes||||
|Cash flows|from|operating
activities|25||293,433|94,336|
|Cash flows|from|Investing
activities:|||||
|Dividends,
interest||and rents from investments|||6||
|Purchase of|property,
plant and equipment||||(13,889)|(1,100)|
|Net cash provided||by Investment
activities|||(13,883)|(1,100)|
|Cash flows|from financing
activities:||||||
|Repayments|of borrowing|||||(91,071)|
|Cash inflows|from|new borrowing||||30,000|
|Net cash provided||by Rnanclng
activities||||(61,071)|
|Change
in cash at||bank and
in hand
in the|reporting|period|279,550|32,165|
|Cash at bank|and|in hand at the beginning|ofthe reporting||||
|penod|||||32,222|57|
|Cash at bank and||In hand at the end of|the reporting||||
|period|||||311,772|32,222|
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|3.|Income from donations|Income from donations|Income from donations|and|legacies|2021|2020|
|---|---|---|---|---|---|---|---|
||||||||F.|
||Grants|||||||
||COVID-19 Emergency||funding|||||
||ACE Cuture Recovery||Fund|||9,320||
||Esmee Fairbairn
Foundation|||||20,000||
||HMRC Coronavirus|Job||Retention Scheme||38,166||
||Arts Council England||National||Portfolio funding|400,936|322,608|
|||||||468,422|322,608|
||Donations|||||||
||General - individual|and||corporate||10,415|15,420|
|||||||478,837|338,028|
##
##
|4.|income from charitable||activities|2021|2020|
|---|---|---|---|---|---|
|(a)|Theatre income|||||
||Boxoffice/fees||||45|
||Co-production
contributions|||6,000||
||Consultancy/training
courses|||7,714|21,448|
||Sundry income|||76|421|
|||||13,790|21,914|
|(b)|ProJect specific funding|||||
||Grants/donations|||||
||ACE —Business Transition||Support||2,500|
||ACE - Investment
Funds||||4,500|
||British Council|||9,000|21,500|
||Canadian
High Commission||||1,000|
||Goethe-Institut|||3,400|21,294|
||Institut Francais||||5,000|
||UK German
Connex||||860|
||Greater London Authority|||15,000||
||Mercers Company||||15,000|
||Tottenham
Youth Fund||||250|
||Sackler Trust|||50,000|50,000|
||The London Community|Foundation|||10,000|
||Esmee Fairbaim
Foundation|||40,000|40,000|
||Baskins Family Foundation||||7,499|
|||||117,400|179,403|
|||||131,190|201,317|
|6.|Other income|||2021|2020|
||||||E|
||Theatre tax relief (TTR)|||3,711|15,965|
##
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|6.|Expenditure||on raising funds|on raising funds|on raising funds|on raising funds|on raising funds||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Salaries/fees||||||||||62,950||41,795|
||Social security costs||||||||||3,736||3,581|
||Profile development/cultivation||||||||||3,510||26,476|
||||||||||||70,196||71,852|
|7.|Expenditure||on charitable||||acthrities||2021|||2020||
||Lift proJects|||||||||||||
||Salaries/fees|||||||99,604|||7,779|||
||Production/technical||||costs|||32,472|||28,301|||
||2020 Festival||committed|||costs|||||36,042|||
|||||||||||132,076|||72,122|
||Marketing|||||||||||||
||Festival campaign|||costs||||27,377|||14,089|||
|||||||||||27,377|||14,089|
||Artistic direction|||||||||||||
||Salaries/fees|||||||69,964|||69,829|||
||Social security costs|||||||6,275|||5,507|||
||Programme|research||||||1,511|||8,457|||
|||||||||||77,750|||83,793|
||Community||Engagement|||||||||||
||Salaries/fees|||||||59,841|||77,465|||
||Socal security||costs|||||4,250|||6,812|||
||Research|||||||35||||||
||Activity costs|||||||65|||25,269|||
|||||||||||64,191|||109,546|
|||||||||||301,394|||279,550|
||Support costs - page||||26|||||144,395|||125,310|
||Governance||costs|—page||26||||6,887|||24,804|
|||||||||||452,676|||429,664|
##
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|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
||Support costs|||||
||Overheads|||28,665|26,521|
||Depreciation
offixed assets|||7,924|4,730|
||Staffcosts|||91,526|80,814|
||Administration|||12,543|8,745|
||Professional
and|finance||3,737|4,500|
||Total support costs|||144,395|125,310|
||Governance costs|||||
||Board meeting expenses|||37|410|
||Consultancy||||16,144|
||Audit/accountancy|||6,850|8,250|
||Total governance|costs||6,887|24,804|
|8.|Interest payable|||2021|2020|
||||||E|
||On loans/overdrafts|||||
|9.|Net income/(expenditure)||for the year is|2021|2020|
||stated after charging:|||||
||Depreciation
oftangible fixed assets|||7,924|4,730|
||Auditors'
remuneration|||||
||—external
audit|||3,250|4,650|
||-other services|||3,600|3,600|
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|Staffcosts and numbers|2021|2020|
|---|---|---|
|Staffcosts|||
|Salaries and wages|243,378|235,304|
|Social security costs|20,935|21,888|
|Pension costs|26,522|23,932|
||290,835|281,124|
##
|2021|2020|
|---|---|
|Number|Number|
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|16.|Fixed assets - tangible assets|Fixed assets - tangible assets|||||
|---|---|---|---|---|---|---|
|||||Office|Production|Total|
||||Webslte|equipment|equipment||
||Cost||||||
||1 April 2020||10,950|17,231||28,181|
||Additions|||9,096|4,793|13,889|
||31 March 2021||10,950|26,327|4,793|42,070|
||Depreciation||||||
||1 April 2020||7,300|15,654||22,954|
||Charge for year||3,650|3,076|1,198|7,924|
||31 March 2021||10,950|18,730|1,198|30,878|
||Net book values||||||
||31 March 2021|||7,597|3,595|11,192|
||31 March 2020||3,650|1,577||5,227|
|16.|Debtors||||2021|2020|
||Trade debtors||||3,043|7,120|
||Other debtors||||8,444|12,809|
||Prepayments
and Accrued income||||19,298|144,261|
||||||30,785|164,190|
|17.|Creditors: amounts|falling due|||2021|2020|
||within one year||||f.||
||Trade creditors||||54,604|27,020|
||Other taxation/social|security|||9,194|7,011|
||Other creditors||||10,089|3,461|
||Accruals||||14,450|8,287|
||Deferred
income (note 18)||||56,463|37,783|
||||||144,800|83,562|
##
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|Balance|at 1 April|2020||37,783|
|---|---|---|---|---|
|Amount|released|to incoming|resources|(37,783)|
|Amount|deferred|in the year||56,463|
|Balance|at 31 March 2021|||56,463|
##
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|leases, with payments
falling due as follo|ws:||||
|---|---|---|---|---|
||||2021|2020|
|Due:|||||
|Within one year|||1,370|1,370|
|Between two and five years|||2,398|3,768|
||||3,768|5,138|
|Analysis ofnet assets between funds|||||
||General|Designated|Restricted|Total|
||funds|funds|funds||
|Fund balances at 31 March 2021|||||
|are represented
by:|||||
|Tangible fixed assets|11,192|||11,192|
|Net current assets|95,788|44,000|57,969|197,757|
||106,980|44,000|57,969|208,949|
##
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|22.|Unrestricted|funds|Brought|Incoming|Outgoing|Transfers|Carried|
|---|---|---|---|---|---|---|---|
||||forward|resources|resources||forward|
|||||E||f.||
||General
fund||47,532|496,344|{392,896)|{44,000)|106,980|
||Designated|funds:||||||
||LlFT Loves|London||||44,000|44,000|
||||47,532|496,344|{392,896)||150,980|
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||||||||
|---|---|---|---|---|---|---|
|Restricted funds|||Brought|Incoming|Outgoing|Carried|
||||forward|resources|resources|forward|
||||f.|F|||
|LIFT2020 —The Feminine||8 The|20,654|9,000|(20,654)|9,000|
|Foreign|||||||
|LIFTTottenham|||15,575|40,000|(39,900)|15,675|
|LIFT2020 —Night Shift|||24,316|3,400|(14,422)|13,294|
|LIFT Loves London -|I am|from|10,000|15,000|(5,000)|20,000|
|Reykjavik|||||||
|Commissioning||||50,000|(50,000)||
||||70,545|117,400|(129,976)|57,969|
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|24.|Gross Cash Flows|||||2021||2020|
|---|---|---|---|---|---|---|---|---|
||Returns on investments||and servicing offinance||||||
||Interest received||||||||
||Interest
paid|||||||(644)|
|||||||||(644)|
||Capital expenditure||||||||
||Payments
to acquire tangibie assets|||||(13,889)||(1,100)|
|25.|Reconciliation
ofnet|income/(expenditure)||||to net cashflow from operating|activities||
|||||||2021||2020|
||Net
income/(expenditure)||for|the|reporting|90,872||53,150|
||period
(as
per
the|statement||of|financial||||
||activities)||||||||
||Depreciation|||||7,924||4,730|
||Dividends,
interest and|rents from||investments|||(6)||
||Decrease
in debtors|||||133,405||86,394|
||Increase
/ (decrease)
in||creditors|||61,238||(49,938)|
||Net cash inflow from|operating||activities||293,433||94,336|