2021-03-31-accounts - All Change Arts Limited

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	Page
Reference and Administrative Details
Trustees' Report	2-8
Independent Examiners' Report
Statement of Financial Activities	10
Balance Sheet
Notes to the Financial Statements	12-21

Trustees						G. M. Evans	G. M. Evans
						J.M. Mason
						A. G.Cezar
						S.Singh
						R. Dhut
						N. Mirzaie
						A. Brooks
Company	Secretary					S.E.Lee
Charity Registration				Number		293972
Company	Registration				Number	1964724
Registered		ONce				27 Dingley	Place
						London
						EC1V8BR
Independent		Examiner				John Howard		FCA
						Azets Audit	Services Limited
						2"' Floor, Regis House
						45 King William Street
						London
						EC4R 9AN
Banker						Cooperative		Bank PLC
						1 Islington	High Street
						Islington
						London
						N1 9TR
Key Management			Personnel			Artistic Director —Suzanne			Lee
						Associate Director —Lisa			Stolworthy

			Unrestricted	Restricted	Total	Total
		Notes	Funds	Funds f	2021	2020
Income and endowments	from:
Donations and legacies			35,651	251,642	287,293	330,547
Charitable activities				9,400	9,400	11,856
Government grants				19,563	19,563
Total incoming resources			35,651	280,605	316,256	342,403
Expenditure on:
Raising funds			26,599		26,599	25,878
Charitable activities			7,342	253,982	261,324	320,992
Total resources expended			33,941	253,982	287,923	346,870
Net incoming resources
before transfers			1,710	26,623	28,333	(4,467)
Transfers between funds
Net movement in funds			1,710	26,623	28,333	(4,467)
Fund balances brought
forward 1 April 2020			32,777	1,991	34,768	39,235
Fund balances carried
forward 31 March 2021			34,487	28,614	63,101	34,768

INCOME FROM DONATIONS AND LEGACIES	INCOME FROM DONATIONS AND LEGACIES
	Unrestricted	Restricted f			2021 f.	2020
The Allan Charitable Trust	500				500
Apple Europe Ltd Arts Council ofEngland —Celebrating Age Arts Council of England —Emergency Response Fund			10,250 25,500		10,250 25,500	24,475
Austin and Hope Pilkington Trust BBCChildren in Need Charities Aid Foundation —Covid 19Fund Derwent Tech Belt Community Fund Greater London Authority Islington Council —Arts Service Islington Council —Children's Services, Play 1,000 7,042			22,365 4,980 27,663 2,500		1,000 22,365 7,042 4,980 27,663 2,500	25,220 35,695 2,500
and Youth Islington Council - VCS Fund Islington Council —Camden and islington	20,000		24,900		24,900 20,000	47,940 20,000
Public Health Islington Giving The Joanies Trust Lloyds Bank Foundation London Community Response Fund Maquarie Bank —Covid Staff Fund MIND —Women's Mental Health Peer Support The National Lottery Community Fund The National Lottery Heritage Fund			12,500 34,960 3,500 25,178 9,885 4,588 9,996 13,960		12,500 34,960 3,500 25,178 9,885 4,588 9,996 13,960	7,500 58,580 24,779 7,968 30,950
Nesta Notting Hill Genesis Pause Islington			7,000 5,500 1,417		7,000 5,500 1,417	13,000 17,000
Sheldon Trust Stephen Bush Donation All Stars Scheme —Donations Miscellaneous Donations	6,632 477		5,000		5,000 6,632 477	10,000 3,267 1,673
Total core grants and donations receivable	35,651	251,642		287,293		330,547
n 2020, 2295,607ofincome from donations f34,940as attributable to unrestricted funds.	and legacies was attributable		to the	restricted	fund and the remaining
INCOME FROM CHARITABLE ACTIVITIES
	Unrestricted	Restricted			2021	2020
					E
Culture Mile London Direct Action Project						2,106
Islington Play Association Thornhill Primary School			9,400		9,400	1,000 8,750
			9,400		9,400	11,856

RESOURCES EXPENDED
		Direct	Support
		costs f.	costs f.	2021 f.	2020 f
Raising funds:
Costs ofgenerating voluntary	income		26,599	26,599	25,878
Charitable activities:
Arts and Innovation		10,578	4,711	15,289	33,531
Young People and Families		93,154	60,817	153,971	201,255
Reducing Isolation - Older People		39,845	32,656	72,501	86,206
Furloughed Project Staff		19,563		19,563
Total resources expended		163,140	124,783	287,923	346,870

SUPPORT	COSTS
			2021	2020
				f.
Governance Staff costs Finance	(note 6)		2,313 102,258 4	2,266 104,566 60
Depreciation			933	1188
Office costs			16,481	18,497
Travel				76
Other			2,794	11,330
			124,783	137,983
GOVERNANCE COSTS
			2021	2020
			Z
Independent	examiners'	fee	2,220	2,220
Other costs			93	46
			2,313	2,266

		2021	2020
Salaries and wages Social security costs Pension contributions		155,975 8,568 1,290	162,344 9,351 554
		165,833	172,249
Less: Costs directly related to projects		(63,575)	(67,683)
		102,258	104,566
The average number ofemployees	was:
Leadership/management In-house project management		1.6 1.8	1.6 1.8
		3.4	3.4

NET {EXPEN	DITURE)/INCOME FOR THE YEAR
This is stated	after charging	2021	2020f
Independent Depreciation	examiners' fee	2,220 933	2,220 1,188


11.	TANGIBLE FIXEDASSETS
					Office
	Cost				Equipment f
	As at 1 April 2020 Additions				29,045 5,038
	As at 31 March 2021				34,083
	Depreciation
	As at 1 April 2020				24,283
	Charge for year				933
	As at 31 March 2021				25,216
	Net BookValues
	At 31 March 2021				8,867
	At 31 March 2020				4,762
12.	DEBTORS
					2021f	2020
	Prepayments and accrued		income		8,694	21,463
13.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021f	2020f
	Accruals and deferred	income			114,268	22,715
14.	DEFERRED INCOME
	Balance at 1 April 2020 Amount released to incoming Amount deferred in year			resources	2021f 16,926 (16,926) 104,617	2020f 70,389 (70,389) 16,926
	Balance as at 31 March 2021				104,617	16,926

			Balance				Balance
			31 March				31 March
			2020	Income	Expenditure	Transfers E	2021f
Word Festival/Outer Arts Award		Space	10	24,400	(14,628)		9,772 10
			10	24,400	(14,628)		9,782
Yo n Peo le and Families
BProject				85,754	(85,711)		43
Inspire!/ReCreate				72,443	(63,781)		8,662
				158,197	(149,492)		8,705
Reducin	Isolation
Saturday Pause ffKeeping	Socials Connected		1,981	34,960 1,417 42,068	(26,503) (2,622) (41,174)		8,457 776 894
			1,981	78,445	(70,299)		10,127
F r				19,563	(19,563)
			1,991	280,605	(253,982)		28,614

					Balance 31 March 2019 f	Income f	Expenditure f	Balance 31 March 2020f
Arts and	I	nov	tion
Word Festival/Outer Arts Award NOMAD				Space	28 10	19,750 13,000	(19,778) (13,000)	10
					38	32,750	(32,778)	10
Youn P	o	le and		Families
BProject					113	100,119	(100,232)
Inspire!/ReCreate ReDesign					94 72	74,899 23,040	(74,993) (23,112)
					279	198,058	(198,337)
I I		rP		I
Saturday	Socials				31	59,655	(59,686)
Pause					465	17,000	(15,484)	1,981
					496	76,655	(75,170)	1,981
					813	307,463	(306,285)	1,991

16.	UNRESTRICTED FUNDS
		Balance				Balance
		31March 2020f	Income f	Expenditure f	Transfers f	31March 2021
	General reserve	32,777	35,651	(33,941)		34,487
16a.	UNRESTRICTED FUNDS —Prior year
		Balance 31March 2019	Income f.	Expenditure f	Transfers f	Balance 31 March 2020f
	General reserve	38,422	34,940	(40,585)		32,777

The fun	ds ofthe charity are represented by t	he following net assets:
		Unrestricted	Restricted	Total
Tangible	fixed assets	8,867		8,867
Current	assets	45,031	123,471	168,502
Current	liabilities	(19,411)	(94,857)	(114,268)
		34,487	28,614	63,101

The fund	s ofthe charity are repres	ented by the followi	ng net assets:
			Unrestricted	Restricted	Total
Tangible	fixed assets		4,762		4,762
Current	assets		31,570	21,151	52,721
Current	liabilities		(3,555)	(19,160)	(22,715)
			32,777	1,991	34,768
OPERATING LEASE COMMITMENTS
The charity had total commitments		under an operating	lease as follows:
Operating	leases which expire:			2021f	2020 f.
Within one year Between one and five years				7,800 1,950	7,800 6,500