REGISTERED COMPANY NUMBER: 02369267 (England and Wales)
REGISTERED CHARITY 144UMBER: 801614
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
FOR
198 CONTEMPORARY ARTS AND LEARNIIYG
LIMITED
Lcroy Reid & Co
Chartered Certified Accountants
and Statutory Auditors
299 Northborough Road
Norbury
London
SW16 4TR

198 CONTEMPOIL4RY ARTS AND LEARNING
LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Pydge
Reference v4nd admlnlstratlve detalls
Report of the trustees
Independent examlner's report
Statement ol financial actlvltles
Statement of flnanclal position
Statement of ca¥h llows
10
NotL'S to the stY4tement of cgsh noivs
Notes to the financial 5tatL'monts
12 to 19
Detailed 5tYdtement of financlal v4Ctivities
20 to 21

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEES
H L Thompson
B Asante
A Ikwe-Tyehimba
L K Johnson
K Thcophilus
L Johnson
N Lockey
O Williams
C C Thompson (resigned 1.3.24)
A E1c(￿k (resigned 1.3.24)
B Rumamba (rcsigned 1.3.24)
J Forbon (resi¥nLd l.10.24)
REGISTERED OFFICE
194 - 198 Railton Road
Herne Hill
London
SE24 OJT
REGISTERED COMPANY
NUMBER
02369267 (Fngland and WalLs)
REGISTERED CHARITY
NUMBER
801614
INDEPENDENT EXAMINER
Leroy Reid & Co
Chartered CertifiLd Accountants
and Statutory Auditors
299 Northborough Road
Norbury
London
SW16 4TR
Page I

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
The trustees who are also directors of the charity for th¢ purposes of the Companies Act 2006, presenl their report
with the financial statements of th¢ charity for the year ¢nd¢d 3 1st March 2024. The trnstees have adopted th¢
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (ctycctive l January 2019).
OBJECTIVES AND ACTIVITIES
ObjLCtives ¥dnd aims
The companys objects are specifically restricted to the following;
l. To promote and provide an arts exhibition ¢entr¢ and community centre primarily but not exclusively for th¢ b¢nefit
of th¢ inhabitants of the London Borough of LamlKth, the inhabitants of London generally and boih nalional and
interniltion&l iiudieDces, without distinction of scx or of political, religyious ur othLr opinion5, by associating the local
auihorities, voluntary or organi.sations and the inhabitant.s in a common effort to adviinLL arts education and to providc
facilities in thc intcr¢sts of social welfare for recreation and l¢itsur¢ tim¢ occupation with the vbjcct ol. in)provin¥ thc
condition4 of life for the said inhabitants.
2. To promote Ihc advanccmcnt of cducation for the public bcncfit, particularly in relation to the arts and particularly
with young pcoplc.
3. The relief of unemployment for the benefit of thc public in such ways as may b¢. thought fit, including assi8tance to
rind employment.
Equal Opportunitic%
In the furtherance of the Objects the Company $hall at all times actively pr()motc and take into coT]sidcration ihe
principles of equality of opportunity
Volunteers
Thc Charity i¥ supported by a large nuinbcr of volunteers and the trutritC&8 would like to aLknowledg¢ their
ontribution to the continued success of Ihc Charity.
Thcrc 18 a Voluntccring Policy in place that underpins thc way thc Charity works with voluntccrs and details th¢
b¢ncfit8 of volunteering for both the individual and the Charity.
Page 2

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STRATEGIC REPORT
Achievement and performance
Charltable activitles
The financial year 2023-24 benefited from a strong programme of exhibitions and events, b¢ginning with ihe Women
Of Colour Art Award exhibition. spotlighting ihe practices of seven women of colour artists currently working in the
UK. Plurality Now.. New Futures, a gFI'oup exhibition, gathered ten London-bdscd arti.sts exploring the multifaceted
and constantly evolving conccpt of identity for second to third generation of Black and Asian immigranls in London.
As part of 198's Associate Programme, The Shape Open 2023: Open All Hours exhibited eighteen disabled and
non-disabled artists from around the world, as a result of an open call for artists. A ￿rther open call was offered for
programme of short films, Wlth a showcase of selected moving linage work presented for 8 weeks.
198 organised and ho8t¢d Sonic Constellations, an ongoing series of listening sessions curated and hosted by artist and
composer Ain Bailey. Part of the ongoing artistic programming Strand. a furth¢r seri¢s of events, Critical
Conteinplations, focused on dialogue, debal¢ and exchang¢, invitingy drtist5. thinkcrs, activists, WTitLrs and creative
practitioners to share Ihcir practic¢ and pcr8pccIiv¢8 in an actively political and critical forum for dit>Loursc and
praxis. 14or examplc. bl Pl'dLtical rcadinglwriting workshop with Chloc Filani. allowed participants lo explorL Ihcir
Writing practicc in a faLilitated ￿jPuLl and have the opportunity to rL'<id thcir work aloud and r¢L¢iv¢ Critical feedback
in a supportive environment. 198 continued to partner with the George Padmorc In8tilule for a film s¢r¢cning and
panel talk on Michael Smith's Upon Wcslminglcr Bridgc.
TogL'thcr with ()ur PÉirtner, Phutufusion we Lontinued to run thL StLP Up programme, with thr¢c I11-w¢ck courses for
low or unemployed adults 19+, living in Lambeth, who wunt to learn murc aboui photography, art & dcsign or
video. 198 offered two sets of three uniquc cour.8cs (photography, art & detTrigFn and vidco), desigvned to strengthcn and
cxtcnd parlicipanls, crcativc practicc, iinprovc thcir pro8pcct$ as they move into tlie arts, crcativc industries or furlhcr
Lducalion.
198 als() offLred employability progyrarnmes, supporting, partlLipanlb to progress into lmpl()￿ncnt and
entrepreneurship in the crcalive and cullural industrics, coveringF advice on portfoli08, social media, personal brand
dcvelopmenl, website8, CV'%, blog8 and othLr (TrutL()mc.8 lo help learners to stand L)Ut in a competitive markct. 198's
Fa81 Forward progi'<imines providLd nnc-on-one as5iStancL on job 8carch, porifolios, applicdlions and inlLrview5.
Financial review
Flnmncial position
Thc Ti'u8lee8 arc sali8ficd with tlic pcrformanLe of thc charity for the ycar under review. The surplus for the year was
£25,114 {2023 £39,665) and reservcs of £1,805,275 (2023 £1,780,161). Further details of thL composition of the
reserves can b¢ found on page 17 and note 16.
Reserves polley
Thc trustcc% havc adupted the Charity Commission's guidance in sctting a rcscrvc policy which 15 based on realistic
assessments of the needs for the Charity to hold rcscrves.
This policy lakcs into account the needs of the Charity to plan for conting¢ncies and to protect both its slatT and its
clients from any unforesecn advcrsc circumslanccs.
Financlal and rlsk management objeelive5 and policies
The Trustees have conducted a review of th¢ major risks to which the Charity is expo8ed. A risk register hav¢ been
¢stablished and is updat¢d annually. Wh¢re appropriat¢, systems or procedures have been established to mitigate the
risks the Charity fac¢s.
Potential external risks to fvnding have led to th¢ dev¢lopment of a business plan that will allow for the diversification
of funding and activities. Internal control risks ar¢ minimised by the iinplementation of procedures for authorisation of
all transactions and projects. Procedures are in place to ensure compliance with applicable laws and regulation
governing the operation of the Charity in the United Kingdoin. These procedures are periodically reviewed to ensur¢
they continue to meet the needs of the Company.
All members of staff, trustees and volunteers who have contact with children and vulnerable adults are DBS Checked.
Page 3

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STRATEGIC REPORT
Future plans
Going forward, we continue to focus on financial sustainability. Our project exploring feasibility and seeking ￿ndIng
to Install solar power, to mitigate against rising energy costs, is ongoing. We continued our funding as an Arts
Council NPO, and Lambcth Adult Lcarning provider, completed the produLtion of a scries of limited edition artists,
prints, and dosigncd a Fricnds programme. We overhauled and redesigned our website, inLluding setting up an online
shop. Further income was generated through workspace rental and venue hire.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing docuTnent
The charity is controllcd by its governing document, a deed of trust, and constilutes a limited company. limited by
guarantee, as d¢fined by the Companies Act 2006.
Or£AnlsAtional structure
198 Contcmporary Arts <ind Learning Limited has eleven trustees who are responsible for thc slralcgic direction and
policy of thc. Churity.
A scheme of dclcgalion is in plaLV dnd d4ly to day Tesponsibilily for the delivcry of scrviccs re.sl with the Gall¢ry
Dircctor and thL Staff tLÉim. The Trustees are responsible for ensuring that the Churity dLlivcr% thc services negTrotiated
Ind agyrLLd ¢ind Ihtit quality tritiindards arc mainlaincd.
Key managemcnt remuneratlon
The Gallery Dircctor i.s thc mL)St ¥enior employee with the Charity and the requi5itc rcmuncralion falls within the
rangc ot'£30,000 - £40,000 pLr annum.
STATEMENT OF TRUSTEESI RESP()NSIBILITIES
The trustees (who are al.so thc dirLCtors of198 C"ontemporary Arts And Learning Limilcd for the purposes of Lompany
law) are re8ponsiblc for prcpdringy the Report of the Iru5tee5 and the financial stutemLnts in accordance with appliLdblL'
law and Unitcd Kingidvm ALLounlingy Siandard5 (Uniled Kingdom CJcnerally Accepted ALLountiiig Practice) includin
FiniillLial RLpL)rtingF Standard 102 'Thc Financial Rcporling Standard applicable in the UK and RLpublic of ireland"
Company law rcquircs IhL IrustLLs to prepare financial statements for each finanoial ycar which give a true and fair
vicw of thc stalc of alFdirs of the charitable company and of Ihe incomingF resoufLetrs dnd application of resources,
includingy IhL income and expendilurc, of thc charitablc company tor ihat period. In preparin¥ those linancial
statements, the trustees are rcquircd lo
8clcct 8Uitablc acLountinb policies and Ihcn apply them consistently.
obs¢rve th¢ methods and princip1¢8 in thc Charity SORP.
make judgemenls and cstimatcs that are rehsondble and prudent;
8tatc whcthcr applicablc aLcounting standards have been followed, Subject to any matcriiil dcparlures disclosed and
cxp141ined in the financial statemcnt.s'
prepare the financial 8talcm¢nts on the going concern basis unless it is inappropriate to presume that the charitable
company will continuc in busine55.
The trustees are re5ponsibl¢ for keeping proper accounting records which disclose with reasonable accuracy at any
timc the financial position of the charitablc company and to cnablc Ihem to ensure that the financial stalements
omply with the Companies Act 2006. Thcy arc also rcsponsiblc for 5afcguarding the assets of the charitable company
and hence for taking reasonable st¢ps for the prevention and detection of fraud and other irregularities.
Page 4

198 CONTEMPOIL4RY ARTS AND LEARNING
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
Report of the trustees, incorpoi'aling a Strategic report, approved by order of the board of trustees, as the company
directors, on .
li - Il- 11..................... and signed on the board's behalf by:
L K Joliiiso
- Trustee
Pag¢ 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
198 COIYTEMPORARY ARTS AND LEARNING
LIMITED
Independent examiner's report to the trustees of 198 Contemporary Arts And Learnlng Llmlted ('the
Compgny,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st March 2024.
Responslbilltles and brdsls of report
As the ¢haritgs trustees of the Company (and also ils directors for the purposes of company law) you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independ¢nt exarnination, I report in reSp￿t of my examination of your charitls accounts as
carried out under Section 145 of the Charilies Act 2011 ('the 2011 Act,). In carrying out my examination I have
followed the Directions given by the Charily Commission under Section 145(5) (b) of the 2011 Act.
IndL'PLndent examlner's statement
Sin¢¢ your charitgs gross income ex¢¢¢ded 1250,000 your examiner must be a m¢rnber of a listed body. I can confirm
that I dm qualified to undertakc Ihc examinalion because l am a member of the Association of Charlered Certified
Accountants, which is onc of th¢ listed bodies,
I have compl¢ted my examination. I confirm that no mallcrs have come to my attention in connection with the
examination giving me cau,qc to belicvc:
accounting rccords were not kept in respect of the Company as required by S¢ction 386 of the 2006 ALI. or
the accounti+ do not accord with those records. or
the a￿oUnt$ do nol comply with thc accountin¥ rcquirLmcnL$ ot Scclion 396 of the 2006 Act othcr than any
requirement that thc acLuunts givc il truc and fuir view which 18 not a mattcr considered as part of an
independent cxamination,. or
the accounts hav¢ not been prepared in accordance wilh the methods and principles of the Statement of
RLL'ommcndcd Practice for accounting and reporting by charities (applicable to Lharitics preparing, their
accounts in accordance with thc Financial Rcporting Standard applicable in the UK and Rcpublic of Ireland
(FRS 102)).
I havc no ci)nccrns and have come across no other mallers in connection with thL cxamiiiation to which attentiun
bhould bc drawn in this report in ordcr to enablc a propcr undcr8tanding of the accounts to be rcdlhcd.
Ebenezer Okai, Bsc, FCCA
The Association of ChaTtered Certified Accountants
Leroy Reid & Co
Chart¢rcd Certified A¢¢ountants
and Statutory Auditors
299 Northborough Road
Norbury
London
SW16 4TR
Date:
li
Page 6

198 CONTEMPORARY ARTS AND LEARIYING
LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND FXPEINDITURE ACCOUIYT
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Total
fund5
2023
Total
funds
Unre5trlcted
fund
Restricted
lund
Notes
INCOME AIYD EIYDOWMENTS FROM
Donations and legacies
94.687
3,000
97,687
78,451
ChArlt¥dble actlvltle5
Charitable Activities
90,755
194,471
285,226
2611,121
Investment income
151
20
Total
1115,593
197,471
383,064
346,592
EXPENDITURE ON
Charltgble actlvltles
Charitable Activitics
207,979
149.972
357,951
30CI,927
NET INCOMEI(EXPENDITURE)
(22,386)
47,499
25,113
39,665
RECONCILIATION OF FULYDS
Tolal funds brought forward
(2,876)
1,783,037
1,780,161
1,740,496
TOTAL FUNDS CARRIED FORWARD
{25,262)
1,830,536
1,805,274
1.780,161
The notes forni part of these financial stat¢ments
Page 7

198 CONTEMPOIL4RY ARTS AND LEARNING
LIMITED
RLGISTIRED NUMBEII: 02369267
STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
1,798,203
,803,258
CURREIYT ASSETS
Debtors
Cash dt bank and in hand
12
19.346
71,265
17,907
66,176
90,611
84,0113
CREDITORS
Amounts falling due within one year
13
(3,540)
(3,180)
NET CURRENT ASSETS
87.071
80,903
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,885,274
1,884,161
CREDITORS
Amounts falling due aftcr morc thun onc year
14
(80,000)
(104,000)
NET ASSETS
1,11115,274
,780,161
FUNDS
Unrcstricted fund8:
Gcncral tund
Restriitcd funds..
RestriLted fund
(25,262)
(2,876)
1,830,536
1,783,037
TOTAL FUIYDS
1,805,274
,780,161
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for thc year
ended 31st March 2024.
The members have not required the company to obtain an audit of its financial stateinents for thc ycar cnded
31 st March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowlcdg¢ their rcsponsibilities for
(a)
cnsuring ihat the charitable company keeps accountingi records that Lomply with Scction8 386 and 387 of the
Companies Act 2006 and
preparing financial stdtcrncnts whiih byive a true dnd fair view of thc statc of affairs of the charitable company
a8 at thc cnd of each financial year and of its surplus or deficit for each findncial ycar in accordance with the
rcquirc'ments of Sections 394 and 395 and which otherwise comply with the requiremlntq of the Companies
Act 2006 relating to financial statements. so far as applicable to the charitable COTnpany.
(b)
Thc financial statements were approved by the Board of Trustees and authoriscd for issue
11-12- 1*....,........ . and were signed on its behalf by..
The notes form part of these financial statements
Page 8
continued...

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
RCGISTEI RED NUMBER: 02369267
STATEMENT OF FINANCIAL POSITION - contlnued
31ST MARCH 2024
on - Trubtee
The notes form part of these financial 8tat¢ments
Page 9

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
Notes
Cash flows froln operating actlvities
Cash generated from operations
16,938
36,831
Net cash provided by operating activities
16,938
36,831
Cgsh flows from investing activities
Interest received
151
20
Net cash provided by investing activities
151
20
Cash tlows from finaneing activities
Loan repayment5 in year
(12,000)
(12,000)
Nct cash used in financing aitivitics
( 12.000)
(12,000)
Change In cash and Cash equlvalent$ In
the reportlng perlod
Cash and cash equivalents at the
bcginnlng ot. the rep(brtln% pLriod
5,089
24,851
66,176
41,325
Cash and cash equlvalents at the end of
the reportlng perlod
71,265
66,176
The notes form part of these financial stal¢ments
Page 10

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2024
RECOIYCILIATION OF NET INCOME TO IYET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net irteome for the reporting period (as per the Statement of finydncial
aetivitie5)
Adjustments for:
Depreciation charges
Interest receiv¢d
(Incrcasc)Idecrease in debtors
Decrease in creditors
25,113
39,665
5,055
(151)
(1.439)
(11,640)
4,857
(20)
4,763
(12,434)
Net cash provided by operation$
16,938
36,831
ANALYSIS OF CHANGES IN NET (DEBT)IFUNDS
At 1.4.23
Cash flow
At 31.3.24
Net eash
Cash at bank and in hand
66,176
5.089
71.265
66,176
5,089
71,265
Debt
Debts falling duc aftcr l ycar
(69,000)
12,000
(57,000)
(69.000)
12,000
{57,000)
Total
(2,824)
17,089
14,265
The notes form part of these financial statements
Pagell

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of th¢ charitable company. which is a public benefit entity undcr FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitic8: Sl2tcment
of R¢commend¢d Pra¢licc applicablc to charitiC8 prcparing th¢ir accounls in accordance with the FinÉincial
Reporting Slandard appliL(Iblc in the UK und RepubliL of Ireland (FRS 102) (effectiv¢ l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standiird applicablc in the UK and Republic of
Ireland, and ihe Compani&s Act 2006. Thc financial statcmcnts have been prepared under the historical cost
convenlion.
INCOME
All incomc 18 rccogniscd in the Statement of Financial Activitie5 once thc charity ha8 entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilitics arc rccognised as expenditure as soon as there is a legal or conslruclive obligation committing the
charity to that expenditure, it is probablc Ihat a transfcr of economic benefits will E¢ required in seltlL'm¢nt and
th¢ amount of the obligation can bc mcasurcd rcliably. Expcnditure is accounted for on an accruals basis and
has been classiticd undLr hLading75 that dggregale all cost relaiLd lo ihe ¥atcgFory. Wh¢rc ¢osts cannot be
dircctly attributcd lo particular headinbFS they have been allocated lo aLlivilics on a basis consistent wilh thc use
of rL'sources.
TANGIBLE FIXED ASSETS
Deprecialion is providcd at the followin&y annual rates in order to writc off cach asset over it￿> estimaled use￿1
lifc.
Furniture & Itillings and nfticc Equipmcnt
250/0 rLduLing) mcthod
TAXATION
The iharity is exempt from corporation lax on il.s charitablc activities.
liUND ACCOUNTING
Unrc8triLtLd fundb can be used in accordance with the charitable objectives al the discretion of the trust¢¢s.
Restricted funds can only b¢ uscd for particul<ir restrict¢d purposcs within the objLCts of the charity.
Restrictions dri¥¢ wh¢n ypeLified by the donor or when ￿ndS are raised for particular restricted purposes.
Further explanation ot'thc naturc and purposc of caLh fvnd is includcd in the notes to the financial statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitablc company op¢rat¢s a defined contribution pcnsion scheme. Contributions payable to the
charitable companls pension scheme are charged lo the Statement of Financial Activities in th¢ pcriod to
which they relate.
Page 12
continued...

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
DONATIONS AND LEGACIES
2024
Total
funds
2023
Total
fund5
Unrestricted
funds
Restricted
funds
Project management
Sundry income
GilL8 & Donations
Hire of198 Gallery premises
1.195
2.373
1,162
89,957
1,195
2,373
4.162
89,957
2.908
2,103
21,406
52,034
3,000
94,687
3.000
97,C)87
78,451
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestrleted
funds
Restrlcted
fund5
Deposit accounl interest
151
151
20
GRANTS RECEIVABLE FOR CORE ACTIVITIES
2024
Charltablc
Actlvltles
2023
Total
Activities
Big Lottery Fund - Awards for All
Arl&> CounLiI EngFlund, London
London BoroubTh of Lambelh
Walcol boundalion
Thc Jack Pctchcy Fvundation
P¢tLY Crudda5 Foundation
Power to Change CBF
Lambeth Adult Lcarning
Kickstarl .%chcmc
Ent¢rprise Development Fund
Freelands Foundation
Brockwell Llve Community Fund
9,100
69,t419
42,922
49,835
1,800
84,711
6,242
49,885
1,800
5,000
7,373
82,215
7,311
40,089
2,022
12,000
30,600
2,623
16,000
30,000
2,000
285,226
268,121
Page 13
continued...

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
CHARrrABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Supporl
costs (see
note 7)
Totals
Charitable Activities
353,425
4,526
357,951
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
21123
Staff costs
Utiliti¢s - gas, light, rates and water
Insuriince
Telephone and broadband
Prinling, postagc & stationery
Artist fee and materials
Consultancy
Exhibition expensc8
Projcct matcrial
Furniture and equipment consumable
Cleanin
Internet and email
Training
Travcl and 8ubsist¢nce
Poslag¢ and delivery
Software expenses
Subscription
Volunteers
R¥pairs, rcncwals and maintenance
Stuff welfare
Work placement fees
Project Grants paid out
PR and Markcting
Depr¢ci&tion
152,091
36,308
5,750
1,041
9,147
14,510
47,021
7,934
3,432
739
7,371
1.273
1,0511
5,774
129.288
10,296
6,283
88l
4.813
7,211
29,484
10,245
2,506
8,994
6,227
850
508
4,727
208
6,183
5,016
1,992
10,873
6,163
5,430
39,703
429
4,857
5,1148
6,3R3
520
6,885
,225
2,965
31,895
5,055
353,425
303.167
Page 14
¢ontinu¢d..

198 CONTEMPOIL4RY ARTS AND LEARNING
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - onntlniip.A
FOR THE YEAR ENDED 31ST MARCH 2024
SUPPORT COSTS
Governance
costs
Charitabl¢ Activities
4,526
Support costs, included in the above, are as follows:
2024
Charltable
Activities
2023
Total
acllvlties
Bank chargc8
Indcpcndent exuminer fee
MC meetings
328
3,498
700
357
3,300
103
4,526
3,760
NET INCOME/(EXPENDITURE}
Nel incomel(expenditure) is stated after chargingl(crediting):
2024
2023
Dcprcciation - ownL'd assets
5,055
4.857
TRUSTEES, REMUNERATION AND BENEFITS
Thcrc wcre no trustees, remuneration or other benefit5 for thc year ended 31 st March 2024 nor for the ycar
ended 31 st March 2023.
TRUSTEES, EXPENSES
There were no trustees, cxpcn.ses paid for the year ended 31st March 2024 nor for the year ended
3 1st March 2023.
10.
STAFF COSTS
2024
2023
Wages and salaries
Social security C05t5
Oth¢r p¢nsion costs
144,327
4,928
2,836
123,313
3,601
2,374
152,091
129,288
The average monthly number of employees during the year was as follows:
2024
2023
Core Staff
Creative Learning
Page 15
continued...

198 CONTEMPORARY ARTS AND I,F.A_RNINr.
LIMITED
NOTES TO THE filNANCIAL STATEMIN.T.q - p.rtntiniip.A
FOR THE YEAR ENDED 31ST MARCH 2U24
io.
STAFF COSTS - contlnued
No employees received emoluments in excess of £60.000.
TANGIBLE FIXED ASSETS
Fixtures
and
flttings
Freehold
property
Computer
equlpmLint
Totals
COST
At 18t April 2023 and 31 MarLh 2024
1,783,037
60,319
178,210
2,021,566
DEPRECIATION
At I st April 2023
Lharg¢ for year
52,238
2,020
166,070
3,035
218,308
5,055
At 3 1st March 2024
54,258
169,105
223,363
NET BOOK VALUE
At 31st March 2024
1,783,037
6,061
9,105
1,798,203
At 31st March 2023
1,783,037
,081
12,140
1,803,258
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Tradc dcbtor
Other debtors
18,696
650
17,257
650
19,346
17.907
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONF YEAR
2024
2023
Other creditors
Accrued expenses
42
3,498
3,180
3,540
3,180
Page 16
ontinued...

198 CONTEMPO]L4RY ARTS AND LEARNING
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 3JST MARCH 2024
14.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Other Iotinb (see note 15)
Pension
57,000
23,000
69,000
35,000
80,000
104,000
15.
LOANS
An analysitp of the Tnaturity of loans is given beluw..
2024
2023
Amounts falling due betw¢¢n Iwo and fiv¢ years:
Other loans - 2-5 years
57,000
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
funds
Unre$trltted Restrlcted
fund
fund
Fixed assets
Current assets
Currcnt liabilitics
Long tLmi liabilities
15,166
14.734
(6.678)
(48,484)
1,783,037
75,877
3,138
(31,516)
1,798,203
90,61
(3.540)
(80,000)
1,803,258
84,083
(3,180)
(104,000)
(25,262)
,830,536
1,805,274
1,780,161
17.
MOVEMENT IN FUNDS
Net
movLimLint
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
G¢n¢ral lund
(2,876)
(22,386)
(25,262)
Restrlcted funds
Restricted fund
1,783,037
47,499
1,830,536
TOTAL FUNDS
1,780,161
25,113
1,805,274
Page 17
continued...

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31ST MARCH 2024
17.
MOVEMENT IN FUNDS - contlnued
Net movement in funds, included in the alx)ve are as follows:
Incoming
resources
Resources
expended
MovLment
In funds
Unrestrlcted funds
General fvnd
185,593
{207.979)
(22,386)
Restrlcted funds
Restricted fund
197,471
(149,972)
47,499
TOTAL FUIYDS
383.064
(357,951)
25,113
Comparatlves f(Jr movement In funds
Net
movement
In funds
At
31.3.23
At 1.4.22
Unrcstrlcted funds
Cicncral fund
(42,541)
39,665
(2,876)
Restricted funds
Re81ricied fund
1,783,037
1,783,037
TOTAL FUNDS
1,740,496
39,665
1,780,161
Comparative net movemenl in funds, includcd in Ihc alx)ve arc as follows:
Incomlng
resources
Resources
expended
Movement
In funds
Unrestrlcted funds
General fund
78,471
(38,806)
39,665
Restrieted funds
RL%trict¢d fund
268,121
(268,121)
TOTAL FUNDS
346.592
(306,927)
39,665
Page 18
continued..

198 CONTEMPORARY ARTS AND I.F.A_R_NINr.
LIMITED
NOTES TO THE FINAIYCIAL STA_TFMF.NTS . r.fintiniJe.d
FOR THE YEAR ENDED 31ST MARCH 2024
17.
MOVEMENT IIY FUNDS - eontlnued
A Current year 12 months and prior year 12 months combined position is as fvllows..
Net
movement
In fund5
At
31.3.24
At 1.4.22
Unrestrlcted funds
General fund
(42,541)
17,279
(25,262)
Restrleted funds
Restricted fund
1,783,037
47,499
1,830,536
TOTAL FUNDS
1,740.496
64,778
1,805,274
A ¢urr¢nl ycar 12 months and prior y¢ar 12 months combined net movement in ￿nds, included in thc above
are as fulluws:
Incoming
resourees
Re50urees
expLnded
Movcmenl
In funds
Unreslrlcted funds
General fund
264,064
(246,7R5)
17,279
Restrleted funds
Rebtricted fund
465,592
(418,093)
47,499
TOTAL FUNDS
729,656
(664.t478)
64,778
18.
RELATED PARTY DISCLOSURES
Ther¢ werL no related party transactions for the year endcd 31 st March 2024.
19.
PENSION LIABILITY
The trustees of the charity have agreed according to a special resolution minuted and approvcd on I l January
2021 to crealc a pcnsion liability for £50.000 wilh respect to two employees regTarding thc charity'5
non-contribution into a pension fund since their employment. The trustees agree that payments would be made
over 5 years.
Page 19

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestrieted
funds
Restricted
funds
INCOME AND ENDOWMENTS
Donations Ydnd legacie5
Project management
Sundry income
Gifts & Donations
Hire of198 Gdllery premises
1,195
2,373
1,162
89,957
1,195
2,373
4,162
89.957
2,908
2,103
21,406
52,034
3,000
94,687
3,000
97,687
78.451
Investment Income
Dcposit account intcrL'bt
151
20
Charltable activltles
Big Lollery Fund - Award8 for All
Arts Council England. London
L()ndon Borough of Lambeth
WalLot Foundation
The Jack Pelchey Foundation
Pctcr Cruddas Foundation
Powcr to ChangL C'BF
Lambeth Adult Le&rnin&'
KiLkslart scheme
Enterpri8e Developmcnl Fund
Frcelands Foundation
BroLkwcll LIVL Community Fund
9,100
69,819
42,922
49,835
1,800
84.711
6,044
84,711
6,242
49,885
I,ROO
5,1100
7,373
82,215
198
49,11115
1.800
5,000
7,373
2,215
7,311
40,089
2,1122
12,000
30,600
2,623
16,000
30,000
2,000
16,000
30,11110
2,000
90,755
194,471
285,226
268,121
T(Jtal Incomlng resource5
185,593
197,471
383,064
346,592
EXPENDITURE
Chxrltable actlvltles
98,230
46,097
4.928
2,836
144,327
4,928
2,836
36,308
5,750
1,041
9,147
14,510
47,021
7,934
273,802
123,313
3,601
2.374
10.296
6,283
881
4,813
7,211
29,484
10,245
198,501
Social sccurity
Penbions
Utilitics gas, light. rates and wat¢r
Insuranle
Telephone and broadband
Printing, postage & stationery
Artist f¢¢ and materials
Consultancy
Exhibition expenses
Carri¢d forward
36,308
5.750
1,041
9,147
14.510
47,021
4.273
105,155
3,661
168.647
This page does not form part of the statutory financial statements
Page 20

198 CONTEMPORARY ARTS AND LEARNING
LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restrteted
funds
Charltable actlvltles
Brought forward
Project material
Furniture and equipment consumable
Cleaning
Internet and email
Training
Travel and subsistence
Po.stage and delivery
Softwarc cxpenscs
Subscription
Volunt¢¢rs
Rcpair8, renewals and maintenance
Staff welfarc
Work plaLetnent fee8
Project Grants paid out
PR And Markcling
DeprLYiatinn of tangiible fixed asselg
168,647
105,155
3,432
273.802
3,432
739
7,371
1,273
1,058
5,774
198,501
2,506
8,994
6,227
850
508
4,727
208
6,183
5.016
1,992
10,873
6,163
5,430
39,703
429
4,857
739
7,371
1,273
1,058
5,774
5,048
6,383
520
360
1,225
5,048
6,383
520
6,8115
1,225
2.965
31,895
6,525
2,965
31,895
5,055
5,055
203,453
149,972
353,425
303.167
Support costs
Governance eosts
Bank chargyes
Independent cxamincr fee
MC. m¢cting8
328
3,498
700
328
3.498
700
357
3,300
103
4,526
4,526
3,760
Total rcsourccs ¢xp¢nd¢d
207,979
149,972
357,951
306.927
Iyet Income
(22,386)
47,499
25,113
39,665
This page does not form part of the statutory financial statements
Page21