2023-03-31-accounts

			Page
Directors' and Trustees'	Report
Reference and Administrative		information
Chair's Report
Independent Examiner's	Report
Statement of Financial	Activities			12
Balance Sheet				13
Notes to the Financial Statements				14-19

		Unrestricted	Restricted	Total	Unrestricted	Resb'ictsd	Total
		Funds	Funds	Funds	Funds	Funds	Funds
				2023			2022
	Note
Income from
Donadons and legacies	2	92,435		92,43S	77,263		77,263
Bank interest		1,221		1.221	23		23
Charitable activities	3	213,947	180,657	394,604	153,283	180,865	334,148
Total income		307,603	180,657	488,260	23D,569	180,865	411,434
Expenditure on
Charitable activity costs	5	292.54S	196,965	489,510	149,6'i2	225.593	375,205
Totai expenditure		292,545	196,965	489,510	149,612	225,593	375,205
Net income/expenditure		15,058	(16,3D8)	(1,250)	80,9S7	(44,728)	36,229
Reconcgiation offunds
Total funds brought forward		225,435	83,604	309,039	144,478	128,332	272,810
Transfers		(222)	222
Total funds carried forward	10	240,271	67,518	307,789	225,435	83.604	309,039

2	Donations and legacies
						Unrestricted		Unrestricted
						Funds	2023	Funds	2022
	Grants for General Running			Costs
	Arts Council of England					90,043	90,043	75,043	75,043
	Individual donations					2,392	2,392	2,22D	2,22D
						92.435	92.435	77,263	77,263
3	income fram charitable	activities
						Restricted	Unrestricted		Restricted	Unrestricted
						Funds	Funds	2023	Funds	Funds	2022
	Grants, donadons and	cantracts
	Arfs Council England								15,000		'I5,QDD
	L'ainbeth Borough Council					4,000		4,000
	Cultural Recovery Fund (Arts Council				England)				5,255		5,255
	London Borough of Wantfsworth						23,105	23,105		21,593	21,593
	City Bridge Trust								10,500		10.500
	Studio Voltaire					1,000		1,000
	Metroiand Cultures/Culture		Fund Brent 2020			5,000		5,000
	London Catalyst					4,000		4,000
	The Paul Marnlyn Foundation					41,800		41,800	63,000		63,000
	John Lyons Charity					36,000		36,000	30,000		30,000
	Artist Awards								5,000		5,000
	Henry Smith Charity					40,000		40,000	20,000		20,DDQ
	The Elephant Trust									2,440	2,440
	Deferred Grants brought	Forward							30,500		30,500
	Deferred Grants carried Foneard
						131,800	23,105	154,905	179,255	24,033	203,288
	Fees commissions, hires	8	misc income			48,857	190,842	239,I899	1,610	'l27,301	128,911
	Corona Job Retention Scheme									1,949	1,949
						180,657	213,&47	394,604	180,865	153.283	334,148
4	Net incoming Resources
	Net outgoing resources are		stated alter
	charging:							2023		2022
	Examiner's fea							1,400		1,400

5	Charitable acttvtty	costs
			Charitable	Charitable
			Activity	Activity	Governance
			Costs	Costs	Costs	Totaf 2023
			Restricted	Unrestricted	Unrestricted
	Staff costs		120,545	119,360		239,905
	Production costs		72,423	146,885		221,288
	Office running costs		997	9.449		10,446
	Accountancy			2.405		2,405
	Independent Examiner fee Rent and services		3.000	11,066	1.400	1,400 14,086
	Total 2023		196,965	291,145	1,400	489,510
	Comparatives 2022					Tata I 2022
	Staff costs		141,275	45,390		186,865
	Production costs		62,389	91,425		153.814
	Office running costs		16,790	475		17.265
	Accountancy Independent Examiner fee Rent and services		5,139	1.678 9,244	1.400	1,678 1,400 14,383
	Total 2022		225,593	148,2'l 2	1,400	376,205
6	Employees		2023	2022
	Wages, salaries and fees		2'l8,355	170,532
	Nabonal insurance	costs	16,480	11,913
	Pension costs		5.070	4,220
			239,905	186,665

					Office
					equipment	Art equipmeni	Total
			Cost
			At 31stMarch	2022		4,247	15,891
			Dieposals
			Additions
			At 31st March	2023	11,644	4,247	15,891
			Depreciation
			At 31stMarch	2022	11,644	4,247	15.891
			Disposals
			Charge iorthe year
			At 31st March	2023	11,644	4,247	15,89'I
			Net Book Values
			At 31si March	2023
			At 31stMarch	2022
6	Debtors
						2023	2022
			Trade debtors			49,862	17.059
			prepayments	and accrued income
			Olher debtors			3,111	1,490
						52,973	18,549
9	Creditom		-Amounts fapdng due
	within	one year
						2023	2022
	Trade creditors					23,796	14,511
	National		insurance and	other Taxation		1,041	2,894
	Accruals		and other creditors			42,955	12,498
						67,792	29,903

Reconciliat	ion of	Mo	vement iln Fun	ds
				Balance at
				31 March				Balance at 31
				2022	Income	Expenditure	Transfers	March 2023
Restricted	Funds	-	Income	83,604	180,657	196,965	222	67,518
Unrestricted	Funds	-	General	30,000	307,603	292,545	(222)	44,838
		-	Designated	195,435				195,435
				309,039	488,260	489,510		307,789

					Designated	Designated
The above funds comprise:					Unrestricted	Reserve	Restricted	Funds
						31st		3'ist
					31st March	March	31st March	March
					2023	2022	2023	2022
Unrestricted		Designated		funds (cover
tor 4 months		running	costs)		195,435	195,435
John	Lyons						29,252	28,910
Henry	Smith	Charity						20,000
Nnena	Kalu	Professional		Development			4,447	18,237
Explore ra Programme							19,071
Make	it Live,	additional		delivery			14,748	18,457
					195,435	195,435	67,518	83,604

11	Analysts o	f	N	et As	sets	betwee	n Funds
							Tangible	Net
							Fixed	Current
							Assets	Assets	Tot@12023	Tata/2022
	Restricted	Funds						67,518	67,518	83,604
	Unrestricted		Funds:		Designated			195,435	195,435	195,435
					General			44,836	44,836	30.000
								307,789	307,789	309,039
12	Third Party		Grants
	The following			grants	for	Nnena	Kalu were received
								2023	2022
	Paul Hamlyn		Foundation						25,000
	Studio Voltaire			1				1,000	1,000
	Mark Tanner		Sculpture			Award			4,000
13	Trustees