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|||||Page||
|---|---|---|---|---|---|
|Reference and administrative||details||||
|Report ofthe trustees|||2|to|4|
|Independent<br>examiner's<br>report||||||
|Statement offsnancial|activities|||||
|Statement offinancial|position||7|to|8|
|Statement ofcash flows||||||
|Notes tothe statement|ofcash|flows||10||
|Notes to the flinancial|statemeats||11|to|19|
|Detailed statement of|fiaancial|activities|20|to|21|





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|||FOR THE Y|EAR E|NDED 31STM|ARCH 2022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|8|8|8|g|
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2|68,137|1,000|69,137|26,183|
|Charitable|activities|||||||
|Charitable|Activities|||219,318|194,974|414,292|245,384|
|198Re-development|||||||543,000|
|Investment|income|||||4|23|
|Total||||287,459|195,974|483,433|814,590|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Charitable|Activities|||262 007|51360|313367|2~68 15|
|NKT INCOME||||25,452|144,614|170,066|546,436|
|Transfers|between<br>funds||I7|~36475|38,475|||
|Net movement<br>in funds||||(13,023)|183,089|170,066|546,436|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought forward||||(29,518)|1,599,948|1,570,430|1,023,994|
|TOTAL FUNDS CARRIED FORWARD||||~42,541)|1,783,037|1,740,496|1,570,430|





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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|8||
|Cash flows from operating<br>activities||||||
|Cash generated<br>from operations||||152,492|867,094|
|Net cash provided<br>by operating<br>activities||||152,492|867,094|
|Cash flows from investing|activities|||||
|Purchase oftangible<br>fixed <br>interest received|assets|||(191,041)<br>4|(961,928)<br>23|
|Net cash used in investing|activities|||(191,037)|(961,905)|
|Cash Ilows from financing|activities|||||
|New loans in year|||||81,000|
|Net cash provided<br>by financing<br>activities|||||81,000|
|Chaage<br>in cash and cash equivalents||in||||
|the reportiag period<br>Cash and cash equivalents|at the|||(38545)|(13,811)|
|beginning ofthe reporting|period|||79,870|93,681|
|Cash and cash equivalents|at the end|of||||
|the reporting<br>period||||41,325|79,870|





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|RECONCILIATIO<br>ACTIVITIES|N<br>OF NE|T INCOME TO NET CASH FLOW FR|OM OPERATING||
|---|---|---|---|---|
||||2022|202]|
|Net htcome lor the|reporting|period (as per the Statement of|||
|financial activities)<br>Adjustments<br>for:|||170,066|546,436|
|Depreciation<br>charges<br>Interest received<br>(increase)/decrease<br>in debtors<br>(Decrease)/increase<br>in creditors|||6,501<br>(4)<br>(19,900)<br>(4.171)|8,668<br>(23)<br>310,578<br>1,435|
|Net cash provided|by operations||152,492|867,094|



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|||At 1.4.21|Cash flow|At31.3.22|
|---|---|---|---|---|
|Net cash|||||
|Cash at bank||79,870|(38,545)|41,325|
|||79,870|(38,545)|41,325|
|Debt|||||
|Debts falling due afler|1 year|(81,000)||(81,000)|
|||(81,000)||(81,000)|
|Total||(1,130)|(38,545)|(39,675)|





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||DONATIONS<br>AND LEGACIES|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Workshop<br>income<br>Art Sale<br>Project management<br>Sundry income<br>Gifts 61Donations<br>Consultancy<br>Income<br>Equipment<br>Sale<br>Hire of198Gallery premises|975<br>8,201<br>621<br>10,268<br>48,072|1,000|975<br>8,20]<br>621<br>11,268<br>48,072|4,286<br>150<br>1,330<br>5,131<br>1,050<br>14,236|
|||68,137|1,000|69,137|26,183|
|3.|INVESTMENT INCOME|||||
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Deposit account interest|4||4|23|
|4.|GRANTS RECEIVABLE FOR CORE|ACTIVITIES||||
|||||2022|2021|
|||||Charitable|Total|
|||||Activities|activities|
||BigLottery Fund (HLF)<br>BigLottery Fund - Awards for All<br>Arts Council England,<br>London<br>London Borough ofLambeth<br>Walcot Foundation<br>The Jack Petchey Foundation<br>Community<br>Development<br>Foundation<br>Arts Council Grant -GFTA<br>Power to Change CBF<br>Greater London Authority<br>Lambeth<br>Adult Learning<br>The Cockayne Trust<br>The Phoenix Fund|||8,710<br>84,376<br>241,216<br>45,682<br>1,700|8<br>34,840<br>10,000<br>68,820<br>251,502<br>1,000<br>5,750<br>44,966<br>68,375<br>234,659<br>28,472<br>25,000|
||Kickstart scheme<br>Development<br>Trust<br>The Span Trust|||13,108<br>17,000<br>2,500|15,000|
|||||414,292|788,384|





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|CHARITABLE ACTI|VITIES COSTS||||
|---|---|---|---|---|
|||Direct|Support||
|||Costs (see|costs (see||
|||note 6)|note 7)|Toteks|
|Charitable<br>Activities||309,245|g<br>4,122|313,367|
|DIRECT COSTSOFCHARITABLE ACTIVITIES|||||
||||2022|2021|
|Staffcosts<br>Utilities - gas, light, rates and water<br>Insurance<br>Telephone<br>and broadband<br>Printing,<br>postage It stationery<br>Artist fee and materials<br>Consultancy<br>Exhibition expenses<br>Project material<br>Furniture<br>and equipment<br>consumable<br>Cleaning|||8<br>100,481<br>7,234<br>5,204<br>798<br>9,043<br>6,300<br>75,559<br>7,645<br>5,474<br>17,385<br>4,416|86,581<br>8,097<br>7,100<br>874<br>1,165<br>46,109<br>61,708<br>2,000<br>7,471<br>25|
|Internet<br>and email<br>Training|||878<br>592|349<br>485|
|Travel and subsistence<br>Postage and delivery|||7,764<br>75|3,857|
|Sofhvare expenses<br>Subscription<br>Volunteers<br>Workshop<br>fees<br>Repairs, renewals<br>and maintenance<br>Staffwelfare<br>Hire fees<br>Project Grants paid out<br>PR and Marketing|||3,917<br>7,191<br>806<br>4,345<br>2,143<br>3,851<br>173<br>31,126<br>344|2,68]<br>3,193<br>1,502<br>2,750<br>364<br>1,011<br>32<br>8,910|
|Miscellaneous<br>Expenses<br>Depreciation|||6,501|9,454<br>8,668|
||||309,245|264,386|





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|SUPPORT|COSTS|||||
|---|---|---|---|---|---|
||||||Governance|
||||||costs|
||||||8|
|Charitable|Activities||||4,122|
|Support costs, included||in|the above, are as follows:|||
|||||2022|2021|
|||||Charitable|Total|
|||||Activities|activities|
|Bank charges||||315|265|
|independent<br>examiner <br>MC ineetings||fee||3,180<br>627|2,888<br>615|
|||||4, 122|3,768|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|||is stated atter charging/(crediting):|||
|||||2022|2021|
|Depreciation|-owned assets|||6,502|8,670|



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|STAFFCOSTS|||||
|---|---|---|---|---|
||||2022|2021|
|Wages and salaries<br>Social security costs<br>Other pension costs|||98,756<br>1,725|81,203<br>3,666<br>1,712|
||||100,481|86,581|
|The average monthly|number ofemployees|during the year was as fogows:|||
|Core Staff<br>Creative Learning|||2022<br>2<br>2|2021<br>2<br>2|





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|No employees<br>received emolument<br>TANGIBLE FIXEDASSETS|s<br>in excess of$60,000.||||
|---|---|---|---|---|
|||Fixtures|||
||Freehold|and|Computer||
||properly|fittings|equipment|Totals|
|COST|||||
|At 1st April 2021<br>Additions|1,599,948<br>183,089|52,367<br>7,952|178,210|1,830,525<br>191,041|
|At 31st March 2022|1,783,037|60,319|178,210|2,021,566|
|DEPRECIATION|||||
|At 1stApril 2021<br>Charge for year||52,040<br>124|154,909<br>6,378|206,949<br>6,502|
|At 31stMarch 2022||52,164|161,287|213,451|
|NET BOOK VALUE|||||
|At 31stMarch 2022|1,783,037|8,155|16,923|1,808,115|
|At 31stMarch 2021|1,599,948|327|23,301|1,623476|



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## 

|DEB|TORS:AMOU1VTS FALLING DUE WI|THIN ONE YEAR||
|---|---|---|---|
|||2022|2021|
|Trade|debtors|||
|Other|debtors|22,020|2,770|
|||650||
|||22,670|2,770|





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|||||2022|2021|
|---|---|---|---|---|---|
||Social security<br>and other taxes||||1,660|
||Other creditors|||666|238|
||Accrued expenses|||3,948|2,888|
|||||4,614|4,786|
|14.|CREDITORS: AMOUNTS FALLINC DUE AFTER MORE THAN ONE|||YEAR||
|||||2022|2021|
||Other loans (see note 15)|||81,000|81,000|
||Pension|||46,000|50,000|
|||||127,000|131,000|
|15.|LOANS|||||
||An analysis ofthe maturity ofloans is|given below:||||
|||||2022|2021|
||Amounts<br>falling due between two and|five years:||||
||Other loans - 2-5years|||81,000|81,000|
|16.|ANALYSIS OF NET ASSETSBETWEEN FUNDS|||||
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||||||K|
||Fixed assets|25,078|1,783,037|1,808,115|1,623,576|
||Current assets|63,995||63,995|82,640|
||Current liabilities|(4,614)||(4,614)|(4,786)|
||Long term liabilities|(127,000)||(127,000)|(131,000)|
|||(42,541)|1,783,037|1,740,496|1,570,430|
|17.|MOVEMENT IN FUNDS|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.21|in funds|funds|31.3.22|
||Unrestricted<br>funds|||||
||General fund|(29,518)|25,452|(38,475)|(42,541)|
||Restricted funds|||||
||Restricted<br>fund|1,599,948|144,614|38,475|1,783,037|
||TOTAL FUNDS|1,570,430|170,066||1,740,496|



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||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|
||||||resources|expended|in funds|
|Unrestricted|funds|||||8|K|
|General fund|||||287,459|(262,007)|25,452|
|Restricted funds||||||||
|Restricted<br>fund|||||195,974|(51,360)|144,614|
|TOTAL FUNDS|||||483,433|(313,367)|170,066|
|Comparatives|for movement||in funds|||||
||||||Net|Transfers||
|||||At 1.4.20|movement<br>in funds|between<br>funds|At<br>31.3.21|
|Unrestricted<br>funds||||||g||
|General<br>fund||||357,987|3,436|(390,941)|(29,518)|
|Restricted funds||||||||
|Restricted<br>fund||||666,007|543,000|390,941|1,599.948|
|TOTAL FUNDS||||1,023,994|546,436||1470,430|
|Comparative<br>net|movement|in|funds, included|in the above are|as follows:|||
||||||Incoming|Resources|Movement|
|Unrestricted<br>funds|||||resources<br>f|expended|in funds<br>8|
|General<br>fund|||||271,590|(268,154)|3,436|
|Restricted funds||||||||
|Restricted<br>fund|||||543,000||543,000|
|TOTAL FUNDS|||||814,590|(268,154)|546,436|





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## 

|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.4.20|in funds|funds|31.3.22|
||||||g||
|Unrestricted||funds|||||
|General|fund||357,987|28,888|(429,416)|(42,541)|
|Restricted funds|||||||
|Restricted fund|||666,007|687,614|429,416|1,783,037|
|TOTAL|FUNDS||1,023,994|716,502||1,740,496|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||g|||
|Unrestricted<br>funds||||
|General fund|559,049|(530,161)|28,888|
|Restricted<br>funds||||
|Restricted fund|738,974|(51,360)|687,614|
|TOTAL FUNDS|1,298,023|(581,521)|716,502|



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## 

|<br>F~R<br>E|<br><br><br>YEAR ENDED 3]ST|I~<br>ARCH 2022|l||
|---|---|---|---|---|
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies|||||
|Workshop<br>income<br>Art Sale<br>Project management<br>Sundry income<br>Gifts dt Donations<br>Consultancy<br>Income<br>Equipment<br>Sale<br>Hire of198Gallery premises|975<br>8,201<br>621<br>10,268<br>48,072|1,000|975<br>8,201<br>621<br>11,268<br>48,072|4,286<br>150<br>1,330<br>5,131<br>1,050<br>14,236|
||68,137|],000|69,137|26,183|
|Investment<br>income|||||
|Deposit account interest||||23|
|Charitable<br>activities|||||
|Big Lottery Fund (HLF)<br>BigLottery Fund<br>—Awards for All<br>Arts Council England,<br>London<br>London Borough ofLambeth<br>Walcot Foundation<br>The Jack Petchey Foundation<br>Community<br>Development<br>Foundation<br>Arts Council Grant -GFTA<br>Power to Change CBF<br>Greater London Authority<br>Lambeth<br>Adult Learning<br>The Cockayne Trust<br>The Phoenix Fund<br>Kickstart scheme<br>Development<br>Trust<br>The Span Trust|8,7]0<br>84,376<br>46,242<br>45,682<br>1,700<br>13,]08<br>17,000<br>2,500|194,974|8,710<br>84,376<br>241,216<br>45,682<br>1,700<br>13,108<br>17,000<br>2,500|34,840<br>10,000<br>68,820<br>251,502<br>1,000<br>5,750<br>44,966<br>68,375<br>234,659<br>28,472<br>25,000<br>15,000|
||219,318|194,974|414,292|788,384|
|Total incoming resources|287,459|195,974|483,433|814,590|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Wages<br>Social security<br>Pensions|98,756<br>],725||98,756<br>1,725|81,203<br>3,666|
|Utilities - gas, light, rates and water<br>Carried forward|7,234<br>107,715||7,234<br>107,715|1,712<br>8,097<br>94,678|





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|||FORTHE|YEAR ENDED 31SThf|ARCH 2 22|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||||8|8|
|Charitable<br>activities|||||||
|Brought forward|||107,715||107,715|94,678|
|Insurance|||5,204||5,204|7,100|
|Telephone<br>and broadband|||798||798|874|
|Printing, postage|fir stationery||9,043||9,043|1,165|
|Artist fee and materials|||6,300||6,300|46,109|
|Consultancy|||24,199|51,360|75,559|61,708|
|Exhibition<br>expenses|||7,645||7,645|2,000|
|Project material|||5,474||5,474|7,471|
|Furniture<br>and equipment||consumable|17,385||17,385||
|Cleaning|||4,416||4,416|25|
|Internet<br>and email|||878||878|349|
|Training|||592||592|485|
|Travel and subsistence|||7,764||7,764|3,857|
|Postage and delivery|||75||75||
|Software expenses|||3,917||3,917|2,681|
|Subscription|||7,191||7,191|3,193|
|Volunteers|||806||806|1,502|
|Workshop fees|||4,345||4,345|2,750|
|Repairs, renewals|and maintenance||2,143||2,143|364|
|Staffwelfare|||3,851||3,851|1,011|
|Hire fees|||173||173|32|
|Project Grants paid out|||31,126||31,126|8,910|
|PR and Marketing|||344||344||
|Miscellaneous<br>Expenses||||||9,454|
|Depreciation oftangible||fix+i assets|6,501||6,501|8,668|
|||||51,360|309,245|264,386|
|Support costs|||||||
|Governance<br>costs|||||||
|Bank charges|||315||315|265|
|Independent<br>examiner fee|||3,180||3,180|2,888|
|MC meetings|||627||627|615|
||||4,122||4,122|3,768|
|Total resources expended|||262,007|51360|313,367|268,154|
|Net income|||25,452|144,614|170,066|546,436|