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|---|---|---|---|---|
|Reference and administrative|details||||
|Report ofthe trustees||2|to|4|
|Independent<br>examiner's<br>report|||||
|Statement offinancial activities|||||
|Statement offinancial<br>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|





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes||g||g|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||2|54,655||54,655|26,506|
|Charitable<br>activities|||4|||||
|Charitable<br>Activities||||216,912||216,912|182,955|
|198Re-development|||||543,000|543,000|662,908|
|Investment<br>income||||23||23|69|
|Total||||271,590|543,000|814,590|872,438|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Charitable<br>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<br>between<br>funds|||17|(390,941)|390,941|||
|Net movement<br>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<br>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<br>falling due after more than one year|14|(131,000)|(50,000)|
|NET ASSETS||1,570,430|1,023,994|
|FUNDS|17|||
|Unrestricted<br>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<br>from operations||||867,094|354,949|
|Net cash provided<br>by operating<br>activities||||867,094|354,949|
|Cash tlows from investing||activities||||
|Purchase oftangible<br>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<br>by financing<br>activities||||81,000||
|Change<br>in cash and cash|equivalents||in|||
|the reporting<br>period||||(13,811)|71,816|
|Cash and cash equivalents||at the||||
|beginning<br>ofthe reporting||period||93,681|21,865|
|Cash and cash equivalents||at the end|of|||
|the reporting<br>period||||79,870|93,681|





## 

## 

|RECONCILIATIO<br>ACTIVITIES|N<br>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<br>for:|||||
|Depreciation<br>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)|





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## 



## 

## 

|DONATIONS<br>AND|LEG||ACIES|||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||||8||
|Workshop<br>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<br>Income||||1,050||1,050||
|Equipment<br>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<br>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,<br>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<br>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|





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|Support costs|, included<br>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|



## 

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## 

|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<br>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<br>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<br>funds||||||
||General<br>fund||357,987|3,436|(390,941)|(29,518)|
||Restricted<br>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<br>funds||||||
|General fund|||271,590|(268,154)|3,436|
|Restricted<br>funds||||||
|Restricted<br>fund|||543,000||543,000|
|TOTAL FUNDS|||814,590|(268,154)|546,436|
|Comparatives<br>for movement||in funds||||
|||||Net||
|||||movement|At|
||||At 1.4.19|in funds|31.3.20|
|Unrestricted<br>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<br>net movement|in|funds, included|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted<br>funds||||||
|General fund|||46,575|(69,036)|(22,461)|
|Restricted<br>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<br>funds|||||
|General<br>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<br>funds||||
|General<br>fund|318,165|(337,190)|(19,025)|
|Restricted<br>funds||||
|Restricted fund|1,368,863|(174,225)|1,194,638|
|TOTAL FUNDS|1,687,028|(511,415)|1,175,613|



## 

## 



## 

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## 

## 



## 

|||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<br>and legacies|||||||
|Workshop<br>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<br>Income|||1,050||1,050||
|Equipment<br>Sale|||14,236||14,236||
||||54,655||54,655|26,506|
|Investment<br>income|||||||
|Deposit account interest|||23||23|69|
|Charitable<br>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<br>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<br>resources|||271,590|543,000|814,590|872,438|
|EXPENDITURE|||||||
|Charitable<br>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<br>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<br>and|broadband|||874||874|4,006|
|Printing,<br>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<br>expenses||||2,000||2,000|5,738|
|Project material||||7,471||7,471|4,436|
|Cleaning||||25||25|4,348|
|Internet<br>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<br>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|