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2023-03-31-accounts

Page
Report ofthe Trustees 1To9
Report ofthe Independent Auditors 10 to 12
Statement ofConsolidated Financial Activities 13
Consolidated
Balance Sheet		 14
Consolidated
Cash Flow Statement		 15
Notes to the Consolidated Cash Flow Statement 16
Notes tothe Consolidated Financial Statements 17 to 25

Unrestricted Restricted London 31.3.23 31.3.22
fund fund Regatta Total Total
Centre funds funds
Notes E E E f
Income and Endowments
Donations
and legacies
Charitable
Activity		 50,294
Other trading activities 270,547 270,547 205,676
Investment
income		 559,603 1,783 561,386 412,748
Total 559,603 272,330 831,933 668,718
Expenditure
Raising funds 7,686 7,686 (4,680)
Cost ofsales 3,461 3,461 1.232
Charitable
Activity		 561,241 6,298 567,539 580,401
Distribution
costs		 8,446 8,446 11,324
Administrative
expenses		 177,225 177,225 171,023
Other
Total 568,927 6,298 189,132 764,357 759,300
NET INCOME/(EXPENDITURE) (9,324) (6,298) 83,198 67,576 (90,582)
RECONCILIATION OF FUNDS
Total funds brought forward 8,543,105 23,582 (757,482) 7,809,205 7,899,787
TOTAL FUNDS CARRIED 8,533,781 17,284 (674,284) 7,876,781 7,809,205
FORWARD

Unrestricted Restricted London 31.3.23 31.3.22
fund fund Regatta Total Total
Centre funds funds
Notes E E E
FIXEDASSETS
Tangible assets 13 7,178,067 53,802 7,231,869 7,466,868
Investments 14 2 2 2
7,178,069 53,802 7,231,871 7,466,870
CURRENT ASSETS
Debtors 15 38,875 7,838 46,713 89,598
Cash at bank 79,042 17,284 606,615 702,941 458,250
117,917 17,284 614,453 749,654 547,848
CREDITORS
Amounts
falling		 due within 1 16 (75,063) (29,679) (104,742) (205,511)
year
Intercompany balances 1,312,858 (1,312,858)
TOTAL ASSETS LESSCURRENT 8,533,781 17,284 (674,282) 7,876,783 7,809,207
LIABIUTIES
NET ASSETS 8,533,781 17,284 (674,282) 7,876,783 7,809,207
FUNDS 17
Unrestricted funds 8,533,781 8,543,105
Restricted funds 17,284 23,582
Retained
Earnings		 (674,284) (757,482)
Called up share capital 2 2
Total Funds 7,876,783 7,809,207

for the Year Ended 31 March 2023
31.3.23 31.3.22
Notes E f
Cash flows from operating activities
Cash generated
from operations		 274,436 88,005
Net cash used in operating activities 274,436 88,005
Cash flows from investing activities
Purchase oftangible fixed assets (35,389) (43,878)
Disposal oftangible
fixed assets		 3,861
Interest received 1,783 20
Net cash used
in investing		 activities (29,745) 20
Change in cash and cash equivalents in 244,691 44,147
the reporting
period
Cash and cash equivalents atthe
beginning ofthe reporting period 458,250 414,103
Cash and cash equivalents atthe end of
the reporting
period		 702,941 458,250

RECONCILIATION

ACTIVITIES		 OF NET INCOME/(EXPENDI TURE)
TO NET CASH FLO		 W FROM OPERA TING
31.3.23 31.3.22
f f
Net income/(expenditure)
forthe reporting		 period (as per the
Statement of Financial Activities) 67,576 (90,582)
Adjustments
for:
Depreciation
charges		 266,527 271,958
Interest received (1,783) (20)
(increase)/decrease in debtors 42,885 (55,031)
Increase/(decrease) in creditors ~300,760 (38,320)
Net cash provided by operations 374,436 SS,DDS
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
f f f
Net cash
Cash at bank 458,250 244,691 702,941

31.2.23 31.3.22
f f
Rents received 485,405 412,728
Other Income 74,198
Deposit account interest 1,783 20
561,386 412,748
6. RAISING FUNDS
Raising donations and legacies
31.3.23 31.3.22
f f
Support costs 7,686 (4,680)
7. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs
f		 note 8)
f		 Totals
f
Charitable
Activity		 257,053 310,486 567,539
8. SUPPORT COSTS
Information Governance
Management
f		 Finance
f		 technology
f		 costs
f		 Totals
f
Other Resources
Expended
Charitable
Activity		 258,443 36,711 15,332 310,486
258W3 36,711 15,332 310,486
9. NET INCOME/(EXPENDITURE)
Net income/ (expenditure) is stated aFter charging/(crediting):
31.3.23 31.3.22
f f
Audit and accountancy fees 15,332 14,350
Depreciation - owned assets
6IA turnover
rent		 266,527
28,707		 271,958
31,513

31.3.23 31.3.22
E f
137,588 153,440
7,596 14,076
2,432 2,475
147,616 169,991

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
E f f
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activity 27,169 27,169
Investment income 412,728 412,728
Total 412,728 27,169 439,897
EXPENDITURE ON
Raising funds (4,680) (4,680)
Charitable activities
Charitable activity 567,228 13,173 580,401
Other
Total 562,548 13,173 575,721
NET INCOME/(EXPENDITURE) (149,820) 13,996 (135,824)
RECONCILIATION
OF FUNDS
Total funds brought forward 8,692,925 9,586 8,702,511
TOTAL FUNDS CARRIED FORWARD 8,543,105 23,582 8,566,687

TANGIBLE FIXEDASSETS
Plant and
Freehold Fixture and Machinery
property
E		 fittings
f		 etc
E		 Totalf
Cost
At 1April 2022 11,993,416 1,271,027 80,334 13,344,777
Additions 35,389 35,389
Disposal (10,980) (10,980)
At31March 2023 11,993,416 1,271,027 104,743 13,369,186
Depreciation
At 1April 2022 4,663,644 1,164,651 49,614 5,877,909
Charge for year 239,869 18,212 8,447 266,528
Eliminated on (7,120) (7,120)
disposal
At 31March 2023 4,903,513 1,182,863 50,941 6,137,317
NET BOOK
VALUE
At31March 2023 7,089,903 88,164 53,802 7,231,869
At31March 2022 7,329,772 106,376 30,720 7,466,&68
FIXEDASSET INVESTMENTS
Shares in
group
undertakings
E

Class ofshare Class ofshare holding
Ordinary 100
15. DEBTORS
31.3.23 31.3.22
f f
Amounts
falling due within one year:
Trade debtors 37,946 30,885
Other debtors 1,223 20,729
VAT 8,423
Prepayments 7,544 29,561
46,713 89,598
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
6 6
Trade creditors 9,607 61,669
Other creditors 16,933 22,135
Taxation and socialsecurity 25,395 32,956
Accruals and deferred income 52,807 88,751
104,742 205,511
17, MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
E 6 6
Unrestricted funds
General fund 8,543,105 (9,324) 8,533,781
Restricted funds
Restricted 23,582 (6,298) 17,284
TOTAL FUNDS 8,566,687 (15,622) 8,551,065

Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted funds
General fund 559,603 (568,927) (9,324)
Restricted funds
Restricted (6,298) (6,298)
TOTAL FUNDS 559,603 ~575,225) (15,622)
Comparatives for movement in funds
Net
movement At
At 1.4.21 in funds 31.3.22
f f f
Unrestricted funds
General fund 8,692,925 (149,820) 8,543,105
Restricted funds
Restricted 9,586 13,996 23,582
TOTALFUNDS 8,762,511 2255,824I 8,566,687
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f f
Unrestricted funds
General fund 412,728 (562,548) (149,820)
Restricted funds
Restricted 27,169 (13,173) 13,996
TOTAL FUNDS 439,897 ~575,721) ~135,824)