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|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|
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|||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|
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|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||
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|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|||
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||||||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|
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|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||||||||||