| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details | |||
| Report ofthe trustees | 2 | to | 4 | |
| Independent examiner's report |
||||
| Statement offinancial activities | ||||
| Statement offinancial position |
7 | to | 8 | |
| Statement ofcash flows | ||||
| Notes to the statement ofcash | flows | 10 | ||
| Notes to the financial statements | 11 | to | 19 | |
| Detailed statement offinancial | activities | 20 | to | 21 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | g | g | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
2 | 54,655 | 54,655 | 26,506 | |||
| Charitable activities |
4 | ||||||
| Charitable Activities |
216,912 | 216,912 | 182,955 | ||||
| 198Re-development | 543,000 | 543,000 | 662,908 | ||||
| Investment income |
23 | 23 | 69 | ||||
| Total | 271,590 | 543,000 | 814,590 | 872,438 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Charitable Activities |
268,154 | 268,154 | 227,170 | ||||
| 198Re-development | 16,091 | ||||||
| Total | 268,154 | 268,154 | 243,261 | ||||
| NET INCOME | 3,436 | 543,000 | 546,436 | 629,177 | |||
| Transfers between funds |
17 | (390,941) | 390,941 | ||||
| Net movement in funds |
(387,505) | 933,941 | 546,436 | 629,177 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 357,987 | 666,007 | 1,023,994 | 394,817 | ||
| TOTAL FUNDS CARRIED FORWARD | (29,518) | 1,599,948 | 1,570,430 | 1,023,994 |
| STATEMENT OF FINANCIAL POSITION | STATEMENT OF FINANCIAL POSITION | ||
|---|---|---|---|
| 31STMARCH 2021 | |||
| 2021 | 2020 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 1,623,576 | 670,318 | |
| CURRENT ASSETS | |||
| Debtors | 12 | 2,770 | 313,348 |
| Cash at bank | 79,870 | 93,681 | |
| 82,640 | 407,029 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (4,786) | (3,353) |
| NKT CURRENT ASSETS | 77634 | 403 676 | |
| TOTAL ASSETS LESSCURRENT | |||
| LIABILITIES | 1,701,430 | 1,073,994 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
14 | (131,000) | (50,000) |
| NET ASSETS | 1,570,430 | 1,023,994 | |
| FUNDS | 17 | ||
| Unrestricted funds: |
|||
| General fund | (29,518) | 357,987 | |
| Restricted funds: | |||
| Restricted fund | ~1599948 | ~666007 | |
| TOTAL FUNDS | 1,370,430 | 1,023 994 |
| FOR TH | E YEAR E DED | 1STMARCH 2021 | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | 8 | ||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
867,094 | 354,949 | |||
| Net cash provided by operating activities |
867,094 | 354,949 | |||
| Cash tlows from investing | activities | ||||
| Purchase oftangible fixed |
assets | (961,928) | (283,202) | ||
| interest received | 23 | 69 | |||
| Net cash used in investing | activities | (961,905) | (283,133) | ||
| Cash flows from financing | activities | ||||
| New loans in year | 81,000 | ||||
| Net cash provided by financing activities |
81,000 | ||||
| Change in cash and cash |
equivalents | in | |||
| the reporting period |
(13,811) | 71,816 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 93,681 | 21,865 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
79,870 | 93,681 |
| RECONCILIATIO ACTIVITIES |
N OF NE |
T INCOME TO NET CASH FLOW F | ROM OPERATING | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| g | g | |||
| Net income for the | reporting | period (as per the Statement of | ||
| financial activities) | 546,436 | 629,177 | ||
| Adjustments for: |
||||
| Depreciation charges |
8,668 | 2,372 | ||
| Interest received | (23) | (69) | ||
| Decrease/(increase) | in debtors | 310,578 | (303,930) | |
| Increase in creditors | 1,435 | 27,399 | ||
| Net cash provided | by operations | 867,094 | 354,949 |
| At 1.4.20 | Cash flow | At 31.3.21 | ||
|---|---|---|---|---|
| g | g | |||
| Net cash | ||||
| Cash at bank and in hand | 93,681 | (13,811) | 79,870 | |
| 93,681 | (13,811) | 79,870 | ||
| Debt | ||||
| Debts falling due afler | 1 year | (81,000) | (81,000) | |
| (81,000) | (81,000) | |||
| Total | 93,681 | (94,811) | (1,130) |
| DONATIONS AND |
LEG | ACIES | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 8 | |||||||
| Workshop income |
4,284 | 4,284 | 11,896 | ||||
| Art Sale | 28,622 | 28,622 | 2,925 | ||||
| Venue hire | 391 | ||||||
| Sundry income | 1,330 | 1,330 | 2,476 | ||||
| Giiis dt Donations | 5,133 | 5,133 | 8,818 | ||||
| Consultancy Income |
1,050 | 1,050 | |||||
| Equipment Sale |
14,236 | 14,236 | |||||
| 54,655 | 54,655 | 26,506 | |||||
| INVKSTMKNT INCOME | |||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 8 | 8 | ||||||
| Deposit account interest | 23 | 23 | 69 | ||||
| GRANTS RECEIVABLE | FOR CORE | ACTIVITIES | |||||
| 2021 | 2020 | ||||||
| Charitable | 198 | Total | Total | ||||
| Activities | Re-development | activities | activities | ||||
| 8 | |||||||
| The Mayor and Burgesses | ofthe LBof | ||||||
| Lambeth | 20,000 | ||||||
| Big Lottery Fund (HLF) | 34,840 | 34,840 | 43,550 | ||||
| Big Lottery Fund - Awards | for All | 10,000 | 10,000 | 9,408 | |||
| Arts Council England, | London | 68,820 | 68,820 | 130,817 | |||
| London Borough ofLambeth | 81,502 | 170,000 | 251,502 | 100,000 | |||
| The Jack Petchey Foundation | 1,000 | 1,000 | 1,500 | ||||
| Community Development |
Foundation | 5,750 | 5,750 | ||||
| City Bridge Trust | 3,159 | ||||||
| Comic Relief | 37,088 | ||||||
| Arts Council Grant - GFTA | 44,966 | 44,966 | |||||
| Garfield Weston Foundation | 50,000 | ||||||
| Power to Change CBF | 68.375 | 68,375 | 60,000 | ||||
| Greater London Authority | 234.659 | 234,659 | 240,341 | ||||
| Capita PLC | 150,000 | ||||||
| The Cockayne Trust | 25,000 | 25,000 | |||||
| The Phoenix Fund | 15,000 | 15,000 | |||||
| 216,912 | 543,000 | 759,912 | 845,863 |
| 5. | CHARITA | BL | E | ACTIVITIES COSTS | |||
|---|---|---|---|---|---|---|---|
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 6) | note 7) | Totah | |||||
| 8 | 8 | ||||||
| Charitable | Activities | 264,386 | 3,768 | 268,154 | |||
| DIRECT COSTSOF CHARITABLE ACTIVITIES | |||||||
| 2021 | 2020 | ||||||
| 8 | |||||||
| Staffcosts | 86,581 | 126,864 | |||||
| Utilities - gas, light, rates and water | 8,097 | 5,842 | |||||
| Insurance | 7,100 | 5,191 | |||||
| Telephone | and | broadband | 874 | 4,006 | |||
| Printing, postage |
&stationery | 1,165 | 5,082 | ||||
| Advertising | 430 | ||||||
| Artist fee and materials | 46,109 | 13,488 | |||||
| Consultancy | 61,708 | 38,868 | |||||
| Exhibition | expenses | 2,000 | 5,738 | ||||
| Project material | 7,471 | 4,436 | |||||
| Cleaning | 25 | 4,348 | |||||
| Internet and email |
349 | ||||||
| Training | 485 | ||||||
| Travel and | subsistence | 3,857 | 7,763 | ||||
| Software expenses | 2,681 | 4,269 | |||||
| Subscription | 3,193 | 2,818 | |||||
| Volunteers | 1,502 | 769 | |||||
| Workshop | fees | 2,750 | |||||
| Repairs, renewals | and maintenance | 364 | 5,604 | ||||
| Staffwelfare | 1,011 | 1,896 | |||||
| Hire fees | 32 | 263 | |||||
| Project Grants | paid out | 8,910 | |||||
| Miscellaneous | Expenses | 9,454 | |||||
| Depreciation | 8,668 | 2,372 | |||||
| 264,386 | 240,047 | ||||||
| 7. | SUPPORT | COSTS | |||||
| Governance | |||||||
| costs | |||||||
| 8 | |||||||
| Charitable | Activities | 3,768 |
| Support costs | , included in |
the above, are as follows: | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Charitable | Total | |||
| Activities | activities | |||
| 8 | ||||
| Bank charges | 265 | 319 | ||
| Independent | examiner fee | 2,888 | 2,310 | |
| MC meetings | 615 | 585 | ||
| 3,768 | 3,214 | |||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2021 | 2020 | |||
| Depreciation | -owned assets | 8,670 | 2,372 |
| STAF | FCOSTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 8 | 8 | ||
| Wages | and salaries | 81,203 | 72,054 |
| Social | security costs | 3,666 | 2,636 |
| Other | pension costs | 1,712 | 52,174 |
| 86,581 | 126,864 |
| 2021 | 2020 | |
|---|---|---|
| Core Staff | 2 | 2 |
| Creative Learning | 2 | 3 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | Computer | ||
| property | fittings | equipment | Totals | |
| 8 | 8 | |||
| COST | ||||
| At 1stApril 2020 | 663,202 | 52,367 | 153,028 | 868,597 |
| Additions | 936,746 | 25,182 | 961,928 | |
| At 31stMarch 2021 | 1,599,948 | 52,367 | 178,210 | 1,830,525 |
| DEPRECIATION | ||||
| At 1stApril 2020 | 51,874 | 146,405 | 198,279 | |
| Charge for year | 166 | 8,504 | 8,670 | |
| At 31stMarch 2021 | 52,040 | 154,909 | 206,949 | |
| NET BOOK VALUE | ||||
| At 31stMarch 2021 | 1,599,948 | 327 | 23,301 | 1,623,576 |
| At 31stMarch 2020 | 663,202 | 493 | 6,623 | 670,318 |
| 13. | CREDITORS: | AMOUNTS FALLIN | G DUK WITHIN O | NE YEAR | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 8 | ||||||
| Social security | and other taxes | 1,660 | ||||
| Other creditors | 238 | 465 | ||||
| Accrued expenses | 2,888 | 2,888 | ||||
| 4,786 | 3 353 | |||||
| 14. | CREDITORS: | AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | |||
| 2021 | 2020 | |||||
| Other loans (see note 15) | 81,000 | |||||
| Pension | 50,000 | 50,000 | ||||
| 131,000 | 50,000 | |||||
| 15. | LOANS | |||||
| An analysis ofthe maturity ofloans is | given below: | |||||
| 2021 | 2020 | |||||
| Amounts falling |
due between two and | five years: | ||||
| Other loans - 2-5 years | 81,000 | |||||
| 16. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| 8 | 8 | 8 | ||||
| Fixed assets | 23,628 | 1,599,948 | 1,623,576 | 670,318 | ||
| Current assets | 82,640 | 82,640 | 407,029 | |||
| Current liabilities |
(4,786) | (4,786) | (3,353) | |||
| Long term liabilities | (131,000) | (131,000) | (50,000) | |||
| (29,518) | 1,599,948 | 1,570,430 | 1,023,994 | |||
| 17. | MOVKMKNT | IN FUNDS | ||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||
| 8 | ||||||
| Unrestricted funds |
||||||
| General fund |
357,987 | 3,436 | (390,941) | (29,518) | ||
| Restricted funds |
||||||
| Restricted fund | 666,007 | 543,000 | 390,941 | 1,599,948 | ||
| TOTAL FUNDS | 1,023,994 | 546,436 | 1,570,430 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| 8 | |||||
| Unrestricted funds |
|||||
| General fund | 271,590 | (268,154) | 3,436 | ||
| Restricted funds |
|||||
| Restricted fund |
543,000 | 543,000 | |||
| TOTAL FUNDS | 814,590 | (268,154) | 546,436 | ||
| Comparatives for movement |
in funds | ||||
| Net | |||||
| movement | At | ||||
| At 1.4.19 | in funds | 31.3.20 | |||
| Unrestricted funds |
|||||
| General fund | 380,448 | (22,461) | 357,987 | ||
| Restricted funds | |||||
| Restricted fund | 14,369 | 651,638 | 666,007 | ||
| TOTAL FUNDS | 394,817 | 629,177 | 1,023,994 | ||
| Comparative net movement |
in | funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 46,575 | (69,036) | (22,461) | ||
| Restricted funds |
|||||
| Restricted fund | 825,863 | (174,225) | 651,638 | ||
| TOTAL FUNDS | 872,438 | (243,261) | 629,177 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.19 | in funds | funds | 31.3.21 | |
| Unrestricted funds |
||||
| General fund |
380,448 | (19,025) | (390,941) | (29,518) |
| Restricted funds | ||||
| Restricted fund | 14,369 | 1,194,638 | 390,941 | 1,599,948 |
| TOTAL FUNDS | 394,817 | 1,175,613 | 1,570,430 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| 8 | |||
| Unrestricted funds |
|||
| General fund |
318,165 | (337,190) | (19,025) |
| Restricted funds |
|||
| Restricted fund | 1,368,863 | (174,225) | 1,194,638 |
| TOTAL FUNDS | 1,687,028 | (511,415) | 1,175,613 |
| FOR THK YE | AR ENDED 31STM | ARCH 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 8 | 8 | 8 | ||||
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies |
||||||
| Workshop income |
4,284 | 4,284 | 11,896 | |||
| Art Sale | 28,622 | 28,622 | 2,925 | |||
| Venue hire | 391 | |||||
| Sundry income | 1,330 | 1,330 | 2,476 | |||
| GiRs ttt Donations | 5,133 | 5,133 | 8,818 | |||
| Consultancy Income |
1,050 | 1,050 | ||||
| Equipment Sale |
14,236 | 14,236 | ||||
| 54,655 | 54,655 | 26,506 | ||||
| Investment income |
||||||
| Deposit account interest | 23 | 23 | 69 | |||
| Charitable activities |
||||||
| The Mayor and Burgesses | ofthe LBof | |||||
| Lambeth | 20,000 | |||||
| Big Lottery Fund (HLF) | 34,840 | 34,840 | 43,550 | |||
| BigLottery Fund - Awards | for All | 10,000 | 10,000 | 9,408 | ||
| Arts Council England, | London | 68,820 | 68,820 | 130,817 | ||
| London Borough ofLambeth | 81,502 | 170,000 | 251,502 | 100,000 | ||
| The Jack Petchey Foundation | 1,000 | 1,000 | 1,500 | |||
| Community Development |
Foundation | 5,750 | 5,750 | |||
| City Bridge Trust | 3,159 | |||||
| Comic Relief | 37,088 | |||||
| Arts Council Grant - GFTA | 44,966 | 44,966 | ||||
| Garfield Weston Foundation | 50,000 | |||||
| Power to Change CBF | 68,375 | 68,375 | 60,000 | |||
| Greater London Authority | 234,659 | 234,659 | 240,341 | |||
| Capita PLC | 150,000 | |||||
| The Cockayne Trust | 25,000 | 25,000 | ||||
| The Phoenix Fund | 15,000 | 15,000 | ||||
| 216,912 | 543,000 | 759,912 | 845,863 | |||
| Total incoming resources |
271,590 | 543,000 | 814,590 | 872,438 | ||
| EXPENDITURE | ||||||
| Charitable activities |
||||||
| Wages | 81,203 | 81,203 | 72,054 | |||
| Social security | 3,666 | 3,666 | 2,636 | |||
| Pensions | 1,712 | 1,712 | 52,174 | |||
| Carried forward | 86,581 | 86,581 | 126,864 |
| FOR THK Y | EAR ENDED 31STM | ARCH 2021 | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 8 | |||||||
| Charitable activities |
|||||||
| Brought forward | 86,581 | 86,581 | 126,864 | ||||
| Utilities - gas, | light, rates | and water | 8,097 | 8,097 | 5,842 | ||
| Insurance | 7,100 | 7,100 | 5,191 | ||||
| Telephone and |
broadband | 874 | 874 | 4,006 | |||
| Printing, postage |
gi stationery | 1,165 | 1,165 | 5,082 | |||
| Advertising | 430 | ||||||
| Artist fee and materials | 46,109 | 46,109 | 13,488 | ||||
| Consultancy | 61,708 | 61,708 | 38,868 | ||||
| Exhibition expenses |
2,000 | 2,000 | 5,738 | ||||
| Project material | 7,471 | 7,471 | 4,436 | ||||
| Cleaning | 25 | 25 | 4,348 | ||||
| Internet and email |
349 | 349 | |||||
| Training | 485 | 485 | |||||
| Travel and subsistence | 3,857 | 3,857 | 7,763 | ||||
| Software expenses | 2,681 | 2,681 | 4,269 | ||||
| Subscription | 3,193 | 3,193 | 2,818 | ||||
| Volunteers | 1,502 | 1,502 | 769 | ||||
| Workshop fees | 2,750 | 2,750 | |||||
| Repairs, renewals | and maintenance | 364 | 364 | 5,604 | |||
| Staffwelfare | 1,011 | 1,011 | 1,896 | ||||
| Hire fees | 32 | 32 | 263 | ||||
| Project Grants | paid out | 8,910 | 8,910 | ||||
| Miscellaneous | Expenses | 9,454 | 9,454 | ||||
| Depreciation oftangible | fixed assets | 8,668 | 8,668 | 2,372 | |||
| 264,386 | 264,386 | 240,047 | |||||
| Support costs | |||||||
| Governance | costs | ||||||
| Bank charges | 265 | 265 | 319 | ||||
| Independent examiner fee |
2,888 | 2,888 | 2,310 | ||||
| MC meetings | 615 | 615 | 585 | ||||
| 3,768 | 3,768 | 3,214 | |||||
| Total resources | expended | 268,154 | 268,154 | 243,261 | |||
| Net income | 3,436 | 543,000 | 546,436 | 629,177 |