2022-03-31-accounts

Reference and Administrative	Information
Chair's Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
				2022			2021
	Note
Income from
Donations and legacies		77,263		77,263	76,335		76,335
Bank interest		23		23	64		64
Charitable activities		150,843	183,305	334,148	125,316	191,902	317,218
Total income		228,129	183,305	411,434	201,715	191,902	393,617
Expenditure on
Charitable activity costs		147,172	228,033	375,205	201,777	107,357	309,134
Total expenditure		147,172	228,033	375,205	201,777	107,357	309,134
Net income/expenditure		80,957	(44,728)	36,229	(62)	84,545	84,483
Reconciliation offunds
Total funds brought forward		144,478	128,332	272,810	144,540	43,787	188,327
Transfem
Total funds carried forward	10	225,435	83,604	309,039	144,478	128,332	272,810

Forthe Year End	ed	31stMarch 2022
			Note		2022		2021
Fixed assets
Tangible Assets
Current assets
Debtors			8	18,549		20,835
Cash at bank and	in	hand		320,393		303,954
Total current assets				338.842		324,789
Current liabilities
Creditors - amounts		falling due within one year	9	29,903		31,981
Net current assets					309,039		272,808
Net assets					309,039		272,81D
The funds ofthe	charity
Unrestricted			10		225,435		144,478
Restricted			10		83,604		128,332
Total charity funds					309,039		272,81D

Co 2	mpany Limited by Guara Donations and legacies	nte	e		Forthe Yea	r Ended 31	stMarch 20	22
				Unrestricted		Unrestricted
				Funds	2022	Funds	2021
	Grants for General Running Costs
	Arts Council of England			75,043	75,043	75,043	75,043
	Individual donations			2,220	2,220	1,292	1,292
				77,263	77263	76,335	76335
3	Income from charitable	activities
				Restricted	Unrestricted		Restricted	Unrestricted
				Funds	Funds	2022	Funds	Funds	2021
	Grants, donations and	contracts
	Arts Council England			15,000		15,000	15,000		15,000
	Individual Artist Grant (Arts		Council England)				1,336		1,336
	Culture Recovery Fund (Arts Council England)			5,255		5,255	47,291		47,291
	London Borough ofWandsworth				21,593	21,593		21,400	21,400
	City Bridge Trust			10,500		10,500	52,000		52,000
	Shape Arts						2,000		2,000
	Metroland Cultures/Culture		Fund Brent 2020				2,000		2,000
	Artsquest							500	500
	London Funders							9,785	9,785
	The Paul Hamlyn Foundation			63,000		63,000	38,000		38,000
	John Lyons Charity			30,000		30,000
	Big Lottery
	-Reaching Communities						44,775		44,775
	Artist Awards			5,000		5,000
	Henry Smith Charity			20,000		20,000
	The Elephant Trust			2,440		2,440
	Deferred Grants brought	Forward		30,500		30,500	20,000		20,000
	Deferred Grants carried Forward						(30,500)		(30,500)
				181,695	21,593	203,288	191,902	31,685	223,587
	Fees, commissions, hires	&	misc income	1,610	127,301	128,911		75,499	75,499
	Corona Job Retention Scheme				1,949	1,949		18,132	18,132
				183,305	150,843	334,148	191,902	125,316	317,218
4	Net incoming Resources
	Net outgoing resources are stated after
	charging:					2022		2021
	Examiner's fee					1,400		1,400

			Chaditable	Charitable
			Activity	Activity	Governance
			Costs	Costs	Costs	Total 2022
			Restricted	Unrestricted	Unrestricted
	Staff costs		141,275	45,390		186,665
	Production costs		64,829	88,985		153,814
	Office running	costs	16,790	475		17,265
	Accountancy			1,678		1,678
	Independent	Examiner fee			1,400	1,400
	Rent and services		5,139	9,244		14,383
	Total 2022		228033	145772	1 400	375205
	Comparatives	2021				Total 2021
	Staff costs		29,486	156,627		186,113
	Production costs		69,235	31,405		100,640
	Office running	costs	2,496	4,513	852	7,861
	Accountancy			2,622		2,622
	Independent	Examiner fee			1,400	1,400
	Rent and services		6,140	4,358		10,498
	Total 2021		107357	199525	2252	309134
5	Employees		2022	2021
	Wages, salaries and fees		170,532	169,849
	National Insurance costs		11,913	12,434
	Pension costs		4,220	3,830
			186,665	186,113

om	pany Limi	ted by Guaran	t	ee	Forthe Ye	ar Ended 31stM	arch 2022
7	Tangible	Fixed Assets
					Office
					equipment	Art equipment	Total
		Cost
		At 31st March		2021	11,644	4,247	15,891
		Disposals
		Additions
		At 31st March		2022	11,644	4,247	15,891
		Depreciation
		At31st March		2021	11,643	4,246	15,889
		Disposals
		Charge for the		year	1	1	2
		At 31stMarch		2022	11,644	4,247	15,891
		Net BookValues
		At 31st March		2022
		At 31st March		2021
8	Debtors
						2022	2021
		Trade debtors				17,059	20,211
		Prepayments	and accrued income
		Other debtors				1,490	624
						18,549	20,835
9	Creditors	-Amounts falling due
	within one year
						2022	2021
	Trade creditors					14,511	8,871
	National	Insurance and	other Taxation			2,894	773
	Accruals	and other creditors				12,498	11,837
	Deferred	Grants					30,500
						29903	51,981

Reconciliat	ion of	Mo	vement in Fun	ds
				Balance at
				31 March				Balance at 31
				2021	Income	Expenditure	Transfers	March 2022
Restricted	Funds	-	Income	128,332	183,305	228,033		83,604
Unrestricted	Funds	-	General	2	228,129	147,172	(50,959)	30,000
		-	Designated	144,476			50,959	195,435
				272,810	411,434	375,205		309,039

								Designated	Designated
	The above funds comprise:						Unrestricted		Reserve	Restricted	Funds
									31st		31st
							31st	March	March	31stMarch	March
							2022		2021	2022	2021
	Unrestricted	Designated		Funds			195,435		144,476
	Beyond Studio Programme										40,439
	Expansion Programme									28,910	46,845
	The Henry Smith Charity									20,000
	Nnena Kalu	Professional		Development						16,237
	ACE Culture	Recovery	Fund								22,061
	Make it Live									18,457	18,987
							195,435		144,476	83,604	128,332
11	Analysis of	Net Assets		between		Funds
							Tangible		Net
							Fixed		Current
							Assets		Assets	Total 2022	Total 2021
	Restricted Funds								83,604	83,604	128,332
	Unrestricted	Funds: Designated							195,435	195,435	144,476
		General							30,000	30,000	2
									309,039	309,039	272,810
12	Third Party	Grants
	The following	grants for		Nnena	Kalu were		received
	Paul Hamlyn	Foundation					25,000
	Studio Voltaire 1							1,000
	Mark Tanner	Sculpture	Award					4,000