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
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5
6
7 to 8
9 to 16
17 to 18