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





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||||2022|||2021|
||Note|||||||
|Income from||||||||
|Donations<br>and legacies||77,263||77,263|76,335||76,335|
|Bank interest||23||23|64||64|
|Charitable<br>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<br>on||||||||
|Charitable<br>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<br>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|





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|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|





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|Co<br>2|mpany<br>Limited by Guara<br> Donations and legacies|nte|e||Forthe Yea|r Ended 31|stMarch 20|22||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Unrestricted||||
|||||Funds|2022|Funds|2021|||
||Grants for General<br>Running Costs|||||||||
||Arts Council of England|||75,043|75,043|75,043|75,043|||
||Individual<br>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<br>and|contracts||||||||
||Arts Council England|||15,000||15,000|15,000||15,000|
||Individual<br>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<br>Cultures/Culture||Fund Brent 2020||||2,000||2,000|
||Artsquest|||||||500|500|
||London Funders|||||||9,785|9,785|
||The Paul Hamlyn<br>Foundation|||63,000||63,000|38,000||38,000|
||John Lyons Charity|||30,000||30,000||||
||Big Lottery|||||||||
||-Reaching<br>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,<br>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||





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||||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<br>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<br>Insurance costs||11,913|12,434|||
||Pension costs||4,220|3,830|||
||||186,665|186,113|||





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|om|pany<br>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<br>falling due||||||
||within one year|||||||
|||||||2022|2021|
||Trade creditors|||||14,511|8,871|
||National|Insurance<br>and|other Taxation|||2,894|773|
||Accruals|and other creditors||||12,498|11,837|
||Deferred|Grants|||||30,500|
|||||||29903|51,981|





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|Reconciliat|ion<br>of|Mo|vement<br>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<br>Programme|||||||||28,910|46,845|
||The Henry Smith Charity|||||||||20,000||
||Nnena<br>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<br>Funds||||||||83,604|83,604|128,332|
||Unrestricted|Funds:<br>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<br>1|||||||1,000||||
||Mark Tanner|Sculpture|Award|||||4,000||||



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