2023-03-31-accounts - 198 Contemporary Arts And Learning Ltd

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				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	18
Detailed statement of	financial	activities	19	to	20

									2023		2022
						Unrestricted	Restricted		Total		Total
						fund		fund	funds		funds
					Notes	8			8
INCOME	AND ENDOWMENTS			FROM
Donations	and legacies					78,451			78,451		69,137
Charitable	activities
Charitable	Activities							268,121	268,121		414,292
Investment	income					20			20
Total						78,471		268,121	346,592		483,433
EXPENDITURE ON
Charitable	activities
Charitable	Activities					38 806		268121	306.927		313,367
NKT INCOME						39,665			39,665		170,066
RECONCILIATION			OFFUNDS
Total funds	brought	forward				(42,541)	1,783,037		1,740,496	1,570,430
TOTAL FUNDS CARRIED FORWARD						~2,876)	I	703.037	1,700 161	I	7411496

STATEME	NT OF FINANCIAL P 31STMARCH 2023	OSITION
		2023	2022
	Notes
FIXEDASSETS
Tangible assets		1,803,258	1,808,115
CURRENT ASSETS
Debtors	12	17,907	22,670
Cash at bank and in hand		66,176	41 325
		84,083	63,995
CREDITORS
Amounts falling due within one year	13	(3,180)	(4,614)
NKT CURRENT ASSETS		~80903	59,381
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,884,161	1,867,496
CREDITORS
Amounts falling due after more than one year	14	(104,000)	(127,000)
NET ASSETS		1,780,161	1,740,496
FUNDS	17
Unrestricted funds:
General fund		(2,876)	(42,541)
Restricted funds:
Restricted fund		1,783,037	1,783,037
TOTAL FUNDS		1 780,161	1,740,496

	FOR		THE YEAR ENDED	31STMARCH 2023
				2023	2022
			Notes		8
Cash flows from operating	activities
Cash generated from operations			1	36,831	152,492
Net cash provided by operating activities				36,831	152,492
Cash flows from investing	activities
Purchase oftangible fixed assets					(191,041)
Interest received				20	4
Net cash provided by/(used	in) investing		activities	20	(191,037)
Cash flows from financing	activities
Loan repayments in year				12000
Net cash (used in)/provided	by financing		activities	12,000
Change in cash and cash equivalents		in
the reporting period				24,851	(38,545)
Cash and cash equivalents	at the
beginning ofthe reporting	period			41,325	79,870
Cash and cash equivalents	at the end	of
the reporting period				~66 176	41 325

					2023	2022
						8
Net income	for the	reporting	period (as per the Statement	offinancial
activities)					39,665	170,066
Adjustments	for:
Depreciation	charges				4,857	6,501
Interest received					(20)	(4)
Decrease/(increase) Decrease in creditors		in debtors			4,763 ~12,434)	(19,900) ~4,171)
Net cash provided		by operations			36,831	152492

ANALYSIS OF CHA	NGES IN NKT DEBT
		At 1.4.22	Cash flow	At 31.3.23
				8
Net cash
Cash at bank and in hand		41,325	24,851	66,176
		41,325	24 851	~66 176
Debt
Debts falling due after	1 year	~81.000	12,000	~69.000
		~81,000	~12000	~69000
Total		~39675	36,851	~2,824

2.	DONATIONS AND L	EGA	CIES
							2023	2022
				Unrestricted		Restricted	Total	Total
				funds		funds	funds	funds
						8		8
	Art Sale							975
	Project management			2,908			2,908	8,201
	Sundry income			2,	103		2,103	621
	Gifts Er. Donations			21,406			21,406	11,268
	Hire of198Gallery premises			52,034			52,034	48,072
				78,451			78,451	69,137
3.	INVESTMENT INCOME
							2023	2022
				Unrestricted		Restricted	Total	Total
				funds		funds	funds	funds
				8
	Deposit account interest				20		20	4
4.	GRANTS RECEIVABLE		FORCORE	ACTIVITIES
							2023	2022
							Charitable	Total
							Activities	activities
								8
	Big Lottery Fund (HLF)							8,710
	Big Lottery Fund - Awards for All						9,100
	Arts Council England,	London					69,819	84,376
	London Borough ofLambeth						42,922	241,216
	Walcot Foundation						49,835	45,682
	The Jack Petchey Foundation						1,800	1,700
	Power to Change CBF						7,311
	Lambeth Adult Learning						40,089
	Kickstart scheme						2,022	13,108
	Development Trust							17,000
	The Span Trust							2,500
	Enterprise Development	Fund					12,000
	Freelands Foundation						30,600
	Brockwell Live Community		Fund				2,623
							268,121	414,292

CHARITABLE	ACTIV	ITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 6)	note 7)	Totals
Charitable Activities			~303 167	3,760	306,927
DIRECT COSTSOFCHARITABLE ACTIVITIES
				2023	2022
					8
Staffcosts				129,288	100,481
Utilities - gas, light, rates		and water		10,296	7,234
Insurance				6,283	5,204
Telephone and broadband				881	798
Printing, postage	dc stationery			4,813	9,043
Artist fee and materials				7,211	6,300
Consultancy				29,484	75,559
Exhibition expenses				10,245	7,645
Project material				2,506	5,474
Furniture and equipment		consumable		8,994	17,385
Cleaning				6,227	4,416
Internet and email				850	878
Training				508	592
Travel and subsistence				4,727	7,764
Postage and delivery				208	75
Software expenses				6,183	3,917
Subscription				5,016	7,191
Volunteers				1,992	806
Workshop fees					4,345
Repairs, renewals	and maintenance			10,873	2,143
Staffwelfare				6,163	3,851
Hire fees					173
Work placement	fees			5,430
Project Grants paid out				39,703	31,126
PR and Marketing				429	344
Depreciation				4,857	6,501
				303,167	309 45

						Governance
						costs
Charitable	Activities					3,760
Support costs, included			in	the above, are as follows:
					2023	2022
					Charitable	Total
					Activities	activities
					8	8
Bank charges					357	315
Independent		examiner	fee		3,300	3,180
MC meetings					103	627
					3,760	4, 122
NET INCOME/(EXPENDITURE)
Net income/(expenditure)				is stated atter charging/(crediting):
					2023	2022
					8
Depreciation		- owned assets			4,857	6,502

STAFF COSTS
			2023	2022
Wages and salaries			123,313	98,756
Social security costs			3,601	1,725
Other pension costs			2 374
			~129288	~100 481
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Core Staff			1	2
Creative Learning			7	2

11.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
				Fixtures
			Freehold	and	Computer
			property	littings	equipment	Totals
			8
	COST
	At 1stApril 2022 and 31stMarch 2023		1,783,037	60,319	178,210	2,021,566
	DEPRECIATION
	At 1stApril 2022			52,164	161,287	213,451
	Charge for year			74	4,783	4,857
	At 31stMarch 2023			52,238	166,070	218,308
	NKT BOOK VALUE
	At 31stMarch 2023		1 783 037	8 081	12,140	1,803,258
	At 31stMarch 2022		1783037	8155	16923	1808115
12.	DEBTORS:AMOUNTS FALLING DUE		WITHIN ONE YEAR
					2023	2022
						8
	Trade debtors				17,257	22,020
	Other debtors				650	650
					17,907	22,670
13.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2023	2022
						8
	Other creditors					666
	Accrued expenses				3,180	3948
					3 180	4,614
14.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONK			YEAR
					2023	2022
					8
	Other loans (see note 15)				69,000	81,000
	Pension				~35 000	46 000
					104000	127,000

LOANS	LOANS
An analysis ofthe maturity ofloans is given below:
				2023	2022
Amounts falling due between two	and five years:
Other loans - 2-5 years				69,000	81,000
ANALYSIS OF NKT ASSETSBETWEEN FUNDS
				2023	2022
	Unrestricted		Restricted	Total	Total
		fund	fund	funds	funds
					8
Fixed assets		20,221	1,783,037	1,803,258	1,808,115
Current assets		15,083	69,000	84,083	63,995
Current liabilities Long term liabilities	(3,180) ~35,000)		~69 DDD	(3,180) ~I04,000)	(4,614) ~327 000
	~2,876)		1,783,037	1,780,161	1,740,496
MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.4.22	in funds	31.3.23
			8
Unrestricted funds
General fund			(42,541)	39,665	(2,876)
Restricted funds
Restricted fund			1,783,037		1,783,037
TOTAL FUNDS			174D496	39665	1780,163
Net movement in funds, included	in the above are as	follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				8	8
Unrestricted funds
General fund			78,471	(38,806)	39,665
Restricted funds
Restricted fund			268,121	(268,121)
TOTAL FUNDS			~346 592	~306927)	39665

Comparatives for move	me	nt in funds
							Net	Transfers
							movement	between	At
					At 1.4.21		in funds	funds	31.3.22
						8	8		g
Unrestricted funds
General fund						(29,518)	25,452	(38,475)	(42,541)
Restricted funds
Restricted fund				1,599,948			144,614	38,475	1,783,037
TOTAL FUNDS				1,570,430			170,066		1,746,496
Comparative net movement		in funds, included	in	the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
							g
Unrestricted funds
General fund							287,459	(262,007)	25,452
Restricted funds
Restricted fund							195,974	(51,360)	144,614
TOTAL FUNDS							~483433	(313,367)	~170066
A current year 12months	and prior year 12months				combined		position is as follows:
							Net	Transfers
							movement	between	At
					At 1.4.21		in funds	funds	31.3.23
						g		g
Unrestricted funds
General fund						(29,518)	65,117	(38,475)	(2,876)
Restricted funds
Restricted fund				1,599,948			144,614	38,475	1,783,037
TOTAL FUNDS				I		570 430	209 731		1 7119161

	Incoming	Resources	Movement
	resources	expended	in funds
		8
Unrestricted funds
General fund	365,930	(300,813)	65,117
Restricted funds
Restricted fund	464,095	(319,481)	144,614
TOTAL FUNDS	~830 025	~620394)	209,731

				FOR THE	YEAR ENDED 31STM	ARCH 2023
							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Art Sale								975
Project management					2,908		2,908	8,201
Sundry income					2,103		2,103	621
Gifts &Donations					21,406		21,406	11,268
Hire of 198Gallery premises					52,034		52,034	48,072
					78,451		78,451	69,137
Investment income
Deposit account interest					20		20
Charitable activities
Big Lottery Fund (HLF)								8,710
Big Lottery Fund - Awards			for All			9,100	9,100
Arts Council England,	London					69,819	69,819	84,376
London Borough ofLambeth						42,922	42,922	241,216
Walcot Foundation						49,835	49,835	45,682
The Jack Petchey Foundation						1,800	1,800	1,700
Power to Change CBF						7,311	7,311
Lambeth Adult Learning						40,089	40,089
IGckstart scheme						2,022	2,022	13,108
Development Trust								17,000
The Span Trust								2,500
Enterprise Development		Fund				12,000	12,000
Freelands Foundation						30,600	30,600
Brockwell Live Community				Fund		2,623	2,623
						268,121	268,121	~414 292
Total incoming resources					78,471	268,121	346,592	483,433
EXPENDITURE
Charitable activities
Wages						123,313	123,313	98,756
Social security						3,601	3,601	1,725
Pensions						2,374	2,374
Utilities - gas, light, rates		and		water	10,296		10,296	7,234
Insurance					6,275	8	6,283	5,204
Telephone and broadband					881		881	798
Printing, postage &stationery						4,813	4,813	9,043
Artist fee and materials					161	7,050	7,211	6,300
Consultancy					2,309	27,175	29,484	75,559
Carried forward					19,922	168,334	188,256	204,619

		FOR THE	YEAR ENDED 31STM	ARCH 2023
					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
					8	8
Charitable activities
Brought forward			19,922	168,334	188,256	204,619
Exhibition expenses				10,245	10,245	7,645
Project material				2,506	2,506	5,474
Furniture and equipment		consumable		8,994	8,994	17,385
Cleaning			6,227		6,227	4,416
Internet and email			850		850	878
Training				508	508	592
Travel and subsistence			322	4,405	4,727	7,764
Postage and delivery			35	173	208	75
Sottware expenses				6,183	6,183	3,917
Subscription				5,016	5,016	7,191
Volunteers			55	1,937	1,992	806
Workshop fees						4,345
Repairs, renewals	and maintenance		1,226	9,647	10,873	2,143
Staffwelfare			1,552	4,611	6,163	3,851
Hire fees						173
Work placement	fees			5,430	5,430
Project Grants paid out				39,703	39,703	31,126
PR and Marketing				429	429	344
Depreciation oftangible		fixed assets	~4857		4,857	~6501
			35,046	268,121	303,167	309,245
Support costs
Governance costs
Bank charges			357		357	315
Independent examiner		fee	3,300		3,300	3,180
MC meetings			103		103	627
			~3760		~3760	4 122
Total resources expended			~38 806	268 121	306,927	313,367
Net income			~39665		39,665	170,066