REGISTERED COMPANY NUMBER: 02588106 (England and Wales)
REGISTERED CHARITY NUMBER: 1006360
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
Averillo & Associates
Chartered Accountants
and Registered Auditors
16 South End
Croydon
Surrey
CR0 1DN
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
----- Start of picture text -----
Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
----- End of picture text -----
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2020.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims for the public benefit
Thecharity'sobjectsandprincipalactivitiescontinuetobetorelievehomelesspeopleinneedby providing
permanentaccommodationalongwithanynecessaryassistanceandsupport.Thepolicyistopurchase, convert,
equipandrentappropriatepropertiestoprovideaccommodationforhomelesspeopleinthecapital.The charity
continues to explore new ways of improving the conditions of homeless individuals.
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneral guidance
onpublicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grant making policy.
ACHIEVEMENT AND PERFORMANCE
Charitable activities - how the activities have delivered public benefit
Revenuefortheyear2020remainedconsistentwith2019asthecharitydidnotincreaserentalcoststoour tenants
during this difficult pandemic year for all.
Proposedrefurbishmentworksonourpropertyportfoliodidcommencein2020resultinginanadditional buildings
costof£87,000intheyearover2019.Theseworkshavecontinuedinto2021andledtothereleaseandoccupancy of
severalflatsinthe2ndand3rdquartersof2021.Therefurbishmentcontinuesthrough2021andtheeffect upon
revenue and profits once all current work is complete should be apparent in 2022.
Areviewofrentsiscurrentlybeingcarriedoutbytheadministrationteamandwhererelevant,given tenant
circumstances,increaseswillbeimplementedinlate2021and2022givinganadditionalannualincomeof circa
£50,000 from existing properties.
Relationshipswereestablishedwithlocalcouncilstoassistthemwiththeirhousingshortagesandweexpectto see
the results of those unions come to fruition in 2021 and beyond.
FINANCIAL REVIEW
Accounts review
TheStatementofFinancialActivitiesshowsadeficitfortheyearof£63,921andthetotalreservesstand at
£4,372,311.
Investment policy and objectives
Underthememorandumandarticlesofassociation,thecharityhasthepowertomakeanyinvestmentwhich the
trusteesseefit.Thetrusteeshaveconsideredthemostappropriatepolicyforinvestingfundsandhavefound that
treasuryreservedepositsmeettheirrequirementstogenerateincomependingtherequirementtoexpendfunds on
the purchase and development of properties.
Reserves policy
Thepresentleveloffundingisadequatetosupportthecontinuationofthefourpropertiesnowinoperationfor the
mediumterm,andthetrusteesconsiderthefinancialpositionofthecharitytobesatisfactory.Plansto develop
further accommodation are likely to require further funding.
FUTURE PLANS
Ouraimistoprovideaffordablehousingtothosewhomostneedit.Thecharitywillcontinuethesearchfor new
properties to add to our portfolio with a view to increasing the assistance we can provide to Britain's homeless.
Page 1
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedon4March1991andregisteredas a
charityon27November1991.ThecompanywasestablishedunderaMemorandumofAssociationwhich established
theobjectsandpowersofthecharitablecompanyandisgovernedunderitsArticlesofAssociation.Intheevent of
the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
Thedirectorsofthecompanyarealsocharitytrusteesforthepurposesofcharitylawandareappointedunder the
company's Articles of Association.
Duetothenatureofthecharity'sworkinrelievinghomelesspeopleinneedbyprovidingpermanent accommodation
alongwithnecessaryassistanceandsupport,muchofthecharity'sworkfocusesonobtaininganddevelopingsites to
provide accommodation for the homeless.
Organisational structure
Thecharityisorganisedsothatthetrusteesmeetregularlytomanageitsaffairs.Thestaffingteamconsistsofa CEO,
Development Manager, Operations Manager and two Support Workers.
Induction and training of new trustees
Thetrusteesarealreadyfamiliarwiththepracticalworkofthecharity.Additionally,newtrusteesareinduced and
trainedbyexistingtrusteestofamiliarisethemselveswiththecharityandcontextwithinwhichitoperates and
covers:
-
The obligations of Trustees and Directors.
-
The main documents which set out the operational framework for the charity including Memorandum and Articles.
-
Resourcing and the current financial position as set out in the latest published accounts.
-
Future plans and objectives.
NewtrusteesareintroducedtovariousCharityCommissionpublicationssignpostedthroughtheCommission's guide
"theEssentialTrustee".ThisisdistributedtoallnewtrusteesalongwiththeMemorandumandArticlesand latest
financial statements.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02588106 (England and Wales)
Registered Charity number
1006360
Registered office
388 Old Kent Road
London
SE1 5AA
Trustees
J E Shillingford
D Nixon
F Rowland (resigned 6.7.2020)
D Fisk (appointed 6.7.2020)
Company Secretary
A Gravenstein
Page 2
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Averillo & Associates
Chartered Accountants
and Registered Auditors
16 South End
Croydon
Surrey
CR0 1DN
Solicitors
Harold Benjamin
Hill House
67-71 Lowlands Road
Harrow, Middlesex
HA1 3EQ
Bankers
NatWest Plc
169 Victoria Street
London
SW1E 5BT
These details are shown on the company information sheet.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Thetrustees(whoarealsothedirectorsofBrickbyBrickLondonHomeActivityGroupforthepurposesof company
law)areresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrueand fair
viewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthose financial
statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancial statements
complywiththeCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-
there is no relevant audit information of which the charitable company's auditors are unaware; and
-
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Averillo & Associates, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Page 3
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006 relating
to small companies.
Approved by order of the board of trustees on 30 September 2021 and signed on its behalf by:
J E Shillingford - Trustee
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
Opinion
WehaveauditedthefinancialstatementsofBrickbyBrickLondonHomeActivityGroup(the'charitablecompany') for
theyearended31December2020whichcomprisetheStatementofFinancialActivities,theBalanceSheetand notes
tothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancialreporting framework
thathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law.
OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the
financialstatementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewith the
ethicalrequirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC's Ethical
Standard,andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisof accounting
in the preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or
conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sabilityto continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in
doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our
knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material
inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesriseto a
materialmisstatementinthefinancialstatementsthemselves.If,basedontheworkwehaveperformed,we conclude
thatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehave nothing
to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
Matters on which we are required to report by exception
Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedinthe course
of the audit, we have not identified material misstatements in the Report of the Trustees.
WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreport to
you if, in our opinion:
-
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the
charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancial statements
andforbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to
fraud or error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern
basisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations, or
have no realistic alternative but to do so.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
Our responsibilities for the audit of the financial statements
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from
fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.Wedesignprocedures in
linewithourresponsibilities,outlinedabove,todetectmaterialmisstatementsinrespectofirregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Baseduponourunderstandingofthecompanyandtheindustry,weidentifiedthattheprincipalriskof non
compliancewithlawsandregulationsrelatedtocompanylawapplicableinEnglandandWales,andweconsidered the
extenttowhichnoncompliancemighthaveamaterialeffectonthefinancialstatements.Wealsoconsidered those
lawsandregulationsthathaveadirectimpactonthepreparationofthefinancialstatements.suchasthe Companies
Act 2006 and payroll tax .
Weevaluatedmanagement'sincentivesandopportunitiesforfraudulentmanipulationofthefinancial statements
(includingtheoverrideofcontrols)anddeterminedthattheprincipalriskwasfromtheoverridingofthose controls
and management bias in accounting estimates.
Audit procedures included:
-
Enquiring with management regarding correspondence with regulators and tax authorities;
-
Evaluating management controls designed to prevent fraud and detect irregularities;
-
Challenging assumptions and judgements made by management in their critical accounting estimates.
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReport of
the Independent Auditors.
Use of our report
Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.To the
fullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthe charitable
companyandthecharitablecompany'smembersasabody,forourauditwork,forthisreport,orfortheopinions we
have formed.
Peter Nellemose (Senior Statutory Auditor)
for and on behalf of Averillo & Associates
Chartered Accountants
and Registered Auditors
16 South End
Croydon
Surrey
CR0 1DN
30 September 2021
Page 7
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Investment income
2
Total
EXPENDITURE ON
Charitable activities
Charitable activities
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
22,600
382,198
1,565
406,363
368,618
99,557
468,175
(61,812)
4,192,507
4,130,695 |
Restricted
fund
£
-
-
-
-
2,109
-
2,109
(2,109)
243,725
241,616 |
2020
Total
funds
£
22,600
382,198
1,565
406,363
370,727
99,557
470,284
(63,921)
4,436,232
4,372,311 |
2019
Total
funds
£
26,782
383,856
1,755
412,393
345,800
88,033
433,833
(21,440)
4,457,672
4,436,232 |
|
|
|
|
|
The notes form part of these financial statements
Page 8
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
BALANCE SHEET 31 DECEMBER 2020
Notes
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
3,472,842
792,047
4,264,889
34,760
3,031
37,791
(171,985)
(134,194)
4,130,695
4,130,695 |
Restricted
fund
£
241,616
-
241,616
-
-
-
-
-
241,616
241,616 |
2020
Total
funds
£
3,714,458
792,047
4,506,505
34,760
3,031
37,791
(171,985)
(134,194)
4,372,311
4,372,311
4,130,695
241,616
4,372,311 |
2019
Total
funds
£
3,694,724
789,930
4,484,654
24,385
1,891
26,276
(74,698)
(48,422)
4,436,232
4,436,232
4,192,507
243,725
4,436,232 |
|
|
|
|
|
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30September2021 and
were signed on its behalf by:
J E Shillingford - Trustee
The notes form part of these financial statements
Page 9
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention, with the exception of investments which are included at market value.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe funds,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Allocation and apportionment of costs
Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Supportcostsincludesallexpenditurenotdirectlyrelatedtothecharitableactivityorfundraising ventures.
Thisincludescostsinrespectofpostage,stationery,telephone,generalofficeexpenses,travel, depreciation
and bank charges.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Freehold property |
- at varying rates on cost |
Fixtures and fittings |
- 15% on reducing balance |
Motor vehicles |
- 25% on reducing balance |
Computer equipment |
- 33% on cost |
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 10
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Deposit account interest |
|
|
1,565 |
1,755 |
3. |
SUPPORT COSTS |
|
|
|
|
|
|
|
|
Governance |
|
|
|
Management |
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
£ |
|
Other resources expended |
89,412 |
2,211 |
7,934 |
99,557 |
|
Support costs, included in the above, are as |
follows: |
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
Other |
|
|
|
|
|
resources |
Total |
|
|
|
|
expended |
activities |
|
|
|
|
£ |
£ |
|
Salaries |
|
|
60,000 |
56,802 |
|
Social security |
|
|
7,073 |
5,688 |
|
Pensions |
|
|
3,107 |
3,442 |
|
Telephone |
|
|
2,575 |
3,555 |
|
Office costs |
|
|
11,184 |
3,764 |
|
Travel |
|
|
4,473 |
8,365 |
|
Donations |
|
|
1,000 |
- |
|
Bank charges |
|
|
340 |
330 |
|
Depreciation of tangible fixed assets |
|
|
1,871 |
254 |
|
Auditors' remuneration |
|
|
4,000 |
4,000 |
|
Auditors' remuneration for non audit work |
|
|
3,934 |
1,833 |
|
|
|
|
99,557 |
88,033 |
4. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Auditors' remuneration |
|
|
4,000 |
4,000 |
|
Auditors' remuneration for non audit work |
|
|
3,934 |
1,833 |
|
Depreciation - owned assets |
|
|
31,855 |
31,544 |
continued...
Page 11
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020norforthe year
ended 31 December 2019.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2020norfortheyear ended
31 December 2019.
6. STAFF COSTS
Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Property
Administration and development |
|
2020
£
205,496
15,219
220,715
2020
2
1
3 |
|
2019
£
230,408
17,065 |
|
|
|
|
247,473 |
|
|
|
|
2019
2
1
3 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
Other
Total
NET INCOME/(EXPENDITURE) |
Unrestricted
fund
£
26,782
383,856
1,755
412,393
343,691
88,033
431,724
(19,331) |
Restricted
fund
£
-
-
-
-
2,109
-
2,109
(2,109) |
Total
funds
£
26,782
383,856
1,755
412,393
345,800
88,033
433,833
(21,440) |
|
|
|
|
continued...
Page 12
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
property
fittings
£
£
COST
At 1 January 2020
4,197,072
142,874
Additions
51,589
-
Disposals
-
-
At 31 December 2020
4,248,661
142,874
DEPRECIATION
At 1 January 2020
510,508
135,475
Charge for year
29,984
1,110
Eliminated on disposal
-
-
At 31 December 2020
540,492
136,585
NET BOOK VALUE
At 31 December 2020
3,708,169
6,289
At 31 December 2019
3,686,564
7,399 |
- continued
Unrestricted
fund
£
4,211,838
4,192,507
Motor
vehicles
£
3,500
-
(3,500)
-
3,149
351
(3,500)
-
-
351 |
|
Restricted
fund
£
245,834
243,725
Computer
equipment
£
1,624
-
(1,624)
-
1,214
410
(1,624)
-
-
410 |
Total
funds
£
4,457,672
4,436,232
Totals
£
4,345,070
51,589
(5,124)
4,391,535
650,346
31,855
(5,124)
677,077
3,714,458
3,694,724 |
Total
funds
£
4,457,672 |
|
|
|
|
|
4,436,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Includedincostorvaluationoflandandbuildingsisfreeholdlandof£986,653(2019-£986,653)whichis not
depreciated.
Thefreeholdproperty,furniture,fixtures&fittingsincludedaboveandtotalling£3,714,458areusedor have
been acquired to be used directly for charitable purposes.
continued...
Page 13
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
9. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2020
Additions
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
There were no investment assets outside the UK.
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Rents receivable
Tax
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
12.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Income fund
TOTAL FUNDS |
At 1.1.20
£
4,192,507
243,725
4,436,232 |
2020
£
23,546
11,214
34,760
2020
£
24,669
17,607
129,709
171,985
Net
movement
in funds
£
(61,812)
(2,109)
(63,921) |
Cash and
settlements
pending
£
789,930
2,117
792,047
792,047
789,930
2019
£
16,242
8,143
24,385
2019
£
870
4,025
69,803
74,698
At
31.12.20
£
4,130,695
241,616
4,372,311 |
|
|
|
|
continued...
Page 14
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Income fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
406,363
(468,175)
(61,812)
-
(2,109)
(2,109)
406,363
(470,284)
(63,921) |
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Income fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Income fund
TOTAL FUNDS |
At 1.1.19
£
4,211,838
245,834
4,457,672
follows:
Incoming
resources
£
412,393
-
412,393 |
Net
movement
in funds
£
(19,331)
(2,109)
(21,440)
Resources
expended
£
(431,724)
(2,109)
(433,833) |
At
31.12.19
£
4,192,507
243,725
4,436,232
Movement
in funds
£
(19,331)
(2,109)
(21,440) |
|
|
|
|
continued...
Page 15
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Income fund
TOTAL FUNDS |
At 1.1.19
£
4,211,838
245,834
4,457,672 |
Net
movement
in funds
£
(81,143)
(4,218)
(85,361) |
At
31.12.20
£
4,130,695
241,616 |
|
|
|
4,372,311 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Income fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
818,756
(899,899)
(81,143)
-
(4,218)
(4,218)
818,756
(904,117)
(85,361) |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
818,756
(899,899)
(81,143)
-
(4,218)
(4,218)
818,756
(904,117)
(85,361) |
|
|
(85,361) |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
14. RESTRICTED FUNDS OF THE CHARITY
Therestrictedfundisrepresentedbygrantsforthepurchase,developmentandthefurnishingof77 Trafalgar
Avenue,thedouble-glazingofOldKentRoadandQueensRoadandthepurchaseanddevelopmentof the
Charlton Project at Lansdowne Mews, against which the depreciation of these assets are charged.
Page 16