REGISTERED COMPANY NUMBER: 02369267 (England and Wales) REGISTERED CHARITY NUMBER: 801614 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR 198 CONTEMPORARY ARTS AND LEARNING LIMITED Leroy Reid & Co Chartered Certified Accountants 299 Northborough Road Norbury London SW16 4TR
198 CONTEMPORARY ARTS AND LEARNING LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES REGISTERED OFFICE B Asante (resigned 30.5.25) A Ikwe-Tychimba L K Johnson K Theophilus (resigned 30.5.25) N Lockey O Williams J Forson (resigned 1.10.24) HAliyu (appointed 18.7.25) Ms A Green (appointed 18.7.25) S Harman (appointed 18.7.25) 194 - 198 Railton Road Herne Hill London SE24 OJT 02369267 (England and Wales) REGISTERED COMPANY NUMBER REGISTERED CHARITY NUMBER INDEPENDENT EXAMINER 801614 Leroy Reid & Co Chartered Certified Accountants 299 Northborough Road Norbury London SW16 4TR Page 1
198 CONTEMPORARY ARTS AND LEARNING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the 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) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The company's objects are specifically restricted to the following; 1. To promote and provide an arts exhibition centre and community centre primarily but not exclusively for the benefit of the inhabitants of the London Borough of Lambeth, the inhabitants of London generally and both national and international audiences, without distinction of sex or of political, religious or other opinions, by associating the local authorities, voluntary or organisations and the inhabitants in a common effort to advance arts education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. 2. To promote the advancement of education for the public benefit, particularly in relation to the arts and particularly with young people. 3. The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment. Equal Opportunities In the furtherance of the Objects the Company shall at all times actively promote and take into consideration the principles of equality of opportunity Volunteers The Charity is supported by a large number of volunteers and the trustees would like to acknowledge their contribution to the continued success of the Charity. There is a Volunteering Policy in place that underpins the way the Charity works with volunteers and details the benefits 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 3IST MARCH 2025 ACHIEVEMENTS AND PERFORMANCE During the financial year 24-25, 198 continued to make good progress against our aims and objectives despite a challenging economic climate. Our gallery programme staged a number of strong exhibitions this year commencing with Portals; Bending Spacetime which was curated by Shane Sutherland, 198 curatorial assistant. This was a multidisciplinary group show featuring ten emerging artists creating across video, sculpture, painting, 3D and new media. An exploration of Black imagination and possibility, "Portals: Bending Spacetime" invited audiences to journey through Afro-futurist aesthetics and adjacent themes, highlighting the unique narratives imbued in work created from Black and African Diasporic experiences. This was followed by a showcase of work by local Lambeth residents who have attended free creative courses via our consortium partner Photofusion, reaches ninety adults aged 19+ per annum with most identifying as belonging to priority groups in Lambeth such as lone parents, carers and care leavers, long term unemployed and refugees and asylum seekers. Collating a broad spectrum of work from our Film & video, Art & Design, LGBTQ+ photography and SEND Art courses, the exhibition titled, ' The Nature of Change' embodied the diverse talents sparked, nurtured and flourishing within our local Lambeth community. We were recommissioned by LB Lambeth to continue delivery of Step Up for the academic year 25-26 so arts education initiatives for our local community will continue to be one of the key strands of activity in our programme next year. To coincide with the London Art Fairs in the autumn we invited guest curator Susanne Fredricks to curate the exhibition 'Slippage: The Caribbean in Flux 'with new bodies of work by four of the most exciting emerging contemporary artists from Jamaica and Trinidad. The exhibition aimed to challenge thinking in ideas around historical memory, contemporary identity, (not)belonging, and the possibilities that alternative histories/stories hold for the cultural imagination in post plantation societies. This exhibition was a commercial success with all four artists gaining enhanced visibility through the sale of work and a catalogue which was distributed widely. The final exhibition in this year was 'Hard Evidences', curated by Nimco Hussein, a multidisciplinary exhibition where memory, myth, and history intersected to illuminate the often-hidden forces that shape our contemporary realities. Through the works of Tiffany Wellington, Tamara Al-Mashouk, and Divine Southgate-Smith, the exhibition examined the delicate yet potent power of unveiling truths, confronting erasures, and imagining futures beyond the confines of the past. All exhibitions provided further opportunity for audience engagement through events such artists' talks, workshops, performances and readings. 198 continued to provide space for community members through the hire of workspace and event space. Our six workspaces remained at full occupancy, enabling 198 to benefit from earned income to help support our core costs. We undertook hires in our gallery spaces, drawing in diverse audiences for events led by organisations such as Ubele, Herne Hill Literature Festival and Penguin Random House. We also provided affordable hire space in our community learning studio for organisations such as AWETHU and Brixton Advice Centre. While delivering a strong programme of activities throughout the year 198 also worked strategically to develop new capital and revenue projects for the year ahead. We continued to work towards installing solar energy, completing our green terrace and undertaking repairs to the exterior of the building and we hope to see results in the coming period. We also aim to continue work on 198's archive, making it accessible to future generations by digitising more materials from the archives of 198 and Clovis Salmon OBE and making them available online. FINANCIAL REVIEW Financial position The Trustees are satisfied with the performance of the charity for the year under review. The deficit for the year was £12,792 (2024 - Surplus £25,113) and reserves of £1,792,482 (2024 - £1,805,274). Further details of the composition of the reserves can be found on page 17 and note 16. Page 3
- 198 CONTEMPORARY ARTS AND LEARNING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3IST MARCH 2025 FUTURE PLANS ioing forward, we continue to focus on financial sustainability. Our project exploring feasibility and seeking funding t nstall solar power, to mitigate against rising energy costs, is ongoing. We continued our funding as an Arts Counc NO, and Lambeth Adult Learning provider, completed the production of a series of limited edition artists' prints. and designed a Friends programme. We overhauled and redesigned our website, including setting up an online shop. Further ncome was gencrated through workspace rental and venue hire STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The she, cine ly thompanic ice document, a deed of trust, and consies a limited company, limic ty Organisational structure 198 Contemporary Arts and Learning Limited has eleven trustees who are responsible for the strategic direction and policy of the Charity. 1, seem a de satiam. i paruse day to day a or tirin the dalicer to serves ne scrith the altery and agreed and that quality standards are maintained. Key management remuneration he Gallery Director is the most senior employee with the Charity and the requisite remuncration falls within the rang f £30,000 - £40,000 per annun Approved by order of the board of trustees on. 10/12/2025 ... and signed on its behalf by: ATAMU kue-Tyciumtes A Ikwe-Tyehimba - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 198 CONTEMPORARY ARTS AND LEARNING LIMITED Independent examiner's report to the trustees of 198 Contemporary Arts And Learning Limited ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its 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 independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirin that no matters have come to my attention in connection with the examination giving me cause to believe: 1. 2. 3. 4. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. É OKAI Ebenezer Okai, BSc, FCCA The Association of Chartered Certified Accountants Leroy Reid & Co Chartered Certified Accountants 299 Northborough Road Norbury London SW16 4TR Die: 12 / 12 \ 2025 Page 5
198 CONTEMPORARY ARTS AND LEARNING LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 Unrestricted fund Notes 2 4 79,936 Restricted fund € 4,000 3 - 126,194 283 206,413 155,820 159,820 2025 Total funds 83,936 282,014 283 366,233 INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Investment income Total EXPENDITURE ON Charitable activities Charitable Activities NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5 219,205 (12,792) 47,499 34,707 (25,262) - 9,445 159,820 (47,499) (47,499) 1,830,536 1,783,037 379,025 (12,792) (12,792) 1,805,274 1,792,482 The notes form part of these financial statements Page 6 2024 Total funds 97,687 285,226 151 383,064 357,951 25,113 25,113 1,780,161 1,805,274
198 CONTEMPORARY ARTS AND LEARNING LIMITED (REGISTERED NUMBER: 02369267) STATEMENT OF FINANCIAL POSITION 31ST MARCH 2025 Notes 11 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 1,794,411 26,584 31,047 57,631 (3,560) 54,071 2024 1,798,203 19,346 71,265 90,611 (3,540) 87,071 CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 1,848,482 1,885,274 14 (56,000) (80,000) NET ASSETS FUNDS Unrestricted funds: General fund Restricted funds: Restricted fund TOTAL FUNDS 1,792,482 1,805,274 17 9,445 1,783,037 1,792,482 (25,262) 1,830,536 1,805,274 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 7 continued..
- 198 CONTEMPORARY ARTS AND LEARNING LIMITED (REGISTERED NUMBER: 02369267) STATEMENT OF FINANCIAL POSITION - continued 3IST MARCH 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial -10.12,2022 statements were signed on is behal he Board of Trustees and authorised Arm thur Tychot A Ikwe-Tychimba - Trustee The notes form part of these financial statements Page 8
198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis anc has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture & Fittings and Office Equipment 25% reducing method TAXATION The charity is exempt from corporation tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 9 continued...
2. 3. 4. 198 CONTEMPORARY ARTS AND FARNING NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 DONATIONS AND LEGACIES Unrestricted funds Restricted funds Project management Sundry income Gifts & Donations Hire of 198 Gallery premises 3,079 297 76,560 79,936 - 4,000 2025 Total funds 3,079 4,297 76,560 83,936 2024 Total funds 1,195 2,373 4,162 89,957 97,687 INVESTMENT INCOME Deposit account interest Unrestricted funds 283 Restricted funds - 2025 Total funds € 283 GRANTS RECEIVABLE FOR CORE ACTIVITIES 2025 Charitable Activities € Arts Council England, London 223,650 London Borough of Lambeth Walcot Foundation 16,613 The Jack Petchey Foundation 9,951 1,800 Peter Cruddas Foundation Power to Change CBF Lambeth Adult Learning Enterprise Development Fund Freelands Foundation 30,000 Brockwell Live Community Fund 282,014 2024 Total funds 151 2024 Total activities 84,711 6,242 49,885 5,000 7,373 82,215 16,000 30,000 2,000 285,226 Included in above Grants Receivable for core activities of £282,024, was restricted funds of £155,820. This included Art Council England, London £97,476; London Borough of Lambeth £16,613, Walcot Foundation €9,951; The Jack Petchey Foundation £1,800 and Freeland Foundation £30,000. Page 10 continued...
6. 198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 6) 373,662 Support costs (see note 7) 5,363 Totals € 379,025 Charitable Activities DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Utilities - gas, light, rates and water Insurance Telephone and broadband Printing, postage & stationery Artist fee and materials Consultancy Exhibition expenses Project material Furniture and equipment consumable Cleaning Internet and email Training Travel and subsistence Software expenses Subscription Volunteers Repairs, renewals and maintenance Staff welfare Work placement fees Project Grants paid out Bad debts written off Depreciation 2025 128,666 31,751 6,381 1,056 5,124 27,989 51,579 9,629 4,144 13,041 7,854 1,037 1,493 6,532 4,480 7,766 1,543 5,965 5,455 3,604 42,082 3.700 373,662 2024 152,091 36,308 5,750 1,041 9,147 14,510 47,021 7,934 3,432 739 7,371 1,273 1,058 5,774 5,048 6,383 520 6,885 1,225 2,965 31,895 S,0S5 353,425 SUPPORT COSTS Charitable Activities Governance costs 5,363 Page 11 continued...
8. 9. 10. 198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 SUPPORT COSTS - continued Support costs, included in the above, are as follows: GOVERNANCE COSTS Bank charges Independent examiner fee MC meetings 2025 Charitable Activities 464 3,498 1,401 5,363 2024 Total activities 328 3,498 700 4,526 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2025 3,792 2024 5,055 Depreciation - owned assets TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. TRUSTEES' EXPENSES There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. STAFF COSTS Wages and salaries Social security costs Other pension costs 2025 122,313 3,984 2,369 128,666 2024 144,327 4,928 2,836 152,091 The average monthly number of employees during the year was as follows: Core Staff Creative Learning 2025 1 8 9 No employees received emoluments in excess of £60,000. Page 12 2024 1 8 9 continued..
198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 11. TANGIBLE FIXED ASSETS Freehold property Fixtures and fittings COST At Ist April 2024 and 31st March 2025 DEPRECIATION At Ist April 2024 Charge for year At 31st March 2025 NET BOOK VALUE At 31st March 2025 At 31st March 2024 11,783,037 60,319 : 54,258 1,515 55,773 1,783,037 1,783,037 4,546 6,061 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Computer equipment 178,210 169,105 2,277 171,382 6,828 9,105 2025 26,584 26,584 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses 2025 62 3,498 3,560 Page 13 Totals 2,021,566 223,363 3,792 227,155 1,794,411 1,798,203 2024 18,696 650 19,346 2024 42 3,498 3,540 continued...
198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 15) Pension 45,000 11,000 56,000 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due between two and five years: Other loans - 2-5 years 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed assets Current assets Current liabilities Long term liabilities Unrestricted fund 11,374 57,631 (3,560) (56,000) 9,445 17. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS At 1.4.24 (25,262) 1,830,536 1,805,274 Restricted fund 1,783,037 : 1,783,037 Net movement in funds (12,792) - (12,792) 2025 45,000 2025 Total funds 1,794,411 57,631 (3,560) (56,000) 1,792,482 Transfers between funds 47,499 (47,499) Page 14 2024 57,000 23,000 80,000 2024 57,000 2024 Total funds 1,798,203 90,611 (3,540) (80,000) 1,805,274 At 31.3.25 9,445 1,783,037 1,792,482 continued...
198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 17. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Incoming resources 206,413 159,820 366,233 Resources expended (219,205) (159,820) (379,025) Comparatives for movement in funds At 1.4.23 Unrestricted funds General fund (2,876) Restricted funds Restricted fund 1,783,037 TOTAL FUNDS 1,780,161 Comparative net movement in funds, included in the above are as follows: Incoming resources Unrestricted funds General fund 185,593 Restricted funds Restricted fund 197,471 TOTAL FUNDS 383,064 Net movement in funds € (22,386) 47,499 25,113 Resources expended (207,979) (149,972) (357,951) Page 15 Movement in funds (12,792) (12,792) At 31.3.24 (25,262) 1,830,536 1,805,274 Movement in funds (22,386) 47,499 25,113 continued...
198 CONTEMPORARY ARTS AND LEARNING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 17. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: At 1.4.23 Net movement in funds Transfers between funds At 31.3.25 Unrestricted funds General fund Restricted funds Restricted fund (2,876) (35,178) 47,499 9,445 1,783,037 47,499 (47,499) 1,783,037 TOTAL FUNDS 1,780,161 12,321 1,792,482 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds 392,006 (427,184) (35,178) 357,291 (309,792) 47,499 749,297 (736,976) 12,321 18. 19. Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2025. PENSION LIABILITY The trustees of the charity have agreed according to a special resolution minuted and approved on 11 January 2021 to create a pension liability for £50,000 with respect to two employees regarding the charity's non-contribution into a pension fund since their employment. By the end of year under review, the balance oustanding was £11,000 (2024: £23,000). The trustees agree that payments would be made over 5 years. Page 16
198 CONTEMPORARY ARTS AND LEARNING LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Unrestricted Restricted funds funds 2025 Total funds INCOME AND ENDOWMENTS Donations and legacies Project management Sundry income Gifts & Donations Hire of 198 Gallery premises 3,079 297 76,560 79,936 283 126,194 4,000 Investment income Deposit account interest Charitable activities Arts Council England, London London Borough of Lambeth Walcot Foundation The Jack Petchey Foundation Peter Cruddas Foundation Power to Change CBF Lambeth Adult Learning Enterprise Development Fund Freelands Foundation Brockwell Live Community Fund 97,456 16,613 9,951 1,800 - - 126,194 206,413 30,000 155,820 159,820 3,079 4,297 76,560 83,936 283 223,650 16,613 9,951 1,800 : - 30,000 282,014 366,233 Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Utilities - gas, light, rates and water Insurance Telephone and broadband Printing, postage & stationery Artist fee and materials Consultancy Exhibition expenses Project material Furniture and equipment consumable Carried forward 3,984 2,369 31,751 6,381 1,056 5,124 27,989 15,872 9,629 2,344 13,041 119,540 122,313 1,800 159,820 122,313 3,984 2,369 31,751 6,381 1,056 23.124 51,579 9,629 4,144 13,041 279,360 This page does not form part of the statutory financial statements Page 17 2024 Total funds 1,195 2,373 4,162 89,957 97,687 151 84,711 6,242 49,885 1,800 5,000 7,373 82,215 16,000 30,000 2,000 285,226 383,064 144,327 4,928 2,836 36,308 5,750 1,041 9,147 14,510 47,021 7,934 3,432 739 277,973
Charitable activities Brought forward Cleaning Internet and emai ravel and subsistenc oftware expense Subscription Yepairs, renewals and maintenance Staff welfare Work placement fees Project Grants paid out Bad debts written off Depreciation of tangible fixed assets 198 CONTEMPORARY ARTS AND LEARNING LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Unrestricted Restricted funds funds € 119,540 159,820 7,854 1,037 1,493 6,532 4,480 7,766 1,543 5,965 5,455 - - - - - 3,604 42,082 2,700 3,791 213,842 159,820 2025 Total funds 279,360 7,854 1,037 1,493 6,532 4,480 7,766 1,543 5,965 5,455 3,604 42,082 2,700 3,791 373,662 Support costs Governance costs Bank charges Independent examiner fee MC meetings Total resources expended Net income 464 3,498 1,401 5,363 219,205 (12,792) : - 159,820 464 3,498 1,401 5,363 379,025 (12,792) This page does not form part of the statutory financial statements Page 18 2024 Total funds 277,973 7,371 1,273 1,058 5,774 5,048 6,383 520 6,885 1,225 2,965 31,895 5,055 353,425 328 3,498 700 4,526 357,951 25,113
198 CONTEMPORARY ARTS AND LEARNING LIMITED CONTENTS OF THE FINANCIAL STATEMENT 'OR THE YEAR ENDED 31ST MARCH 202 Reference and administrative details Report of the trustees Independent examiner's report Statement of financial activities Statement of financial position Notes to the financial statements Detailed statement of financial activities Page 1 2 to 4 5 6 7 to 8 9 to 16 17 to 18