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2021-03-31-accounts

Trustees Tahir Latif (Chair)
Ella Ravilious
Kate Towner (Treasurer)
Company Registration Number 02658515
Charity Registration Number 1044485
Registered Office Oxford House
Derbyshire
Street
London E2 6HG
Auditors Azets Audit Services
Chartered
Accountants
2nd Floor, Regis House
45 King William Street
London EC4R 9AN
Bankers The Co-operative Bank pic
80 Cornhill
London EC3V 3NJ
Insurers Naturesave
58 Fore Street
Totnes
Devon TQ9 5RU

PLATFORM: LONDON Independent Audltors. Report To Tho Members R•sponslbllll188 of trustees A3 explained more fully In the tru$lees' responsibilit￿$ Statement. the trustees Iwl)o a￿ also the directors of the clk41it3bkg mpany for tt)e purpose$ of Company lawl 81e responsible for th8 prep8r8tx)n of the financKg1 statennts an(1 for being satisfied Ihai ihey give a twe and fair vw, arKJ for such intemal Control as th& tsustees deterrnine 1$ ne￿$Sary to en8tle t preparavon of financlal statements Ihat a￿ free from rnaterial ffli5StaterÉnt. whetrr due to fraud or e￿r. In preparing Ihe financval stslemenls. the trustees are respons￿￿ for assessi￿ the charitable company's abillty to ￿thu8 a5 a going con￿rn, disdosing, as applir2ble, matters rdated ￿ wing corKern arKI using the going COnc￿M basis of accountlng urless tho tru$tees elther intend lo liquKJote tharitable cornpaThy or to cease operat￿n5, or have no realL%ts'¢ alternètive but to do so. Auditor'5 r85ponslbllltJes lor the audK ot the Ilnon¢ial s￿￿mhts r objectives are to obtsth reasonable assuran￿ Jbtyjl whether Ihe financkql statements as 8 whole ore free from mater1 mL8s1aternent, wheiher dL 10 fraud or error. 8nd to Issue an 8udrtorfs report Ihat include5 our opinion. Reasonable assurance ks a high level of 8ssurance, but is Mt a guar8ntÈ& that an audit ¢yMlucled In 8Ctordan¢e wilh ISAS IUKI will 8lways d818cI a matefSal misstslement when il xi%ts. Mi$51alernents can 8r¢5e frorn fraud or eTror and are consklered material if, indiV￿uallY or in ¢he aggregate. they D)uld reaSon8￿Y be expected lo InfkJen¢e the economK deti$ions of users tsken on the basis of these financial sl8lem&nts. Irre9uLgrilies, Includlng fraud, are In$tan¢es of ￿n￿On￿l￿anCe wllh laws and regulatsons. We deskJn prO￿￿ra$ In li￿ wth our responsiblliles, ou11n￿ above, to delect ffl8t8fkg1 rnisstatemenls kn f&8P8cI of irregularitses. irtbjding frèud. The specir pro￿ureS for this wgagerrEnt and the eXt￿t to which these are Gapable of detectw irregularit5. induding fraud L8 detsiled bdow.. Enquiry of ￿Anagen￿nI aThJ th0$8 Ctsr￿d 4wth g¢>Vwt￿nc8 around adual and wlentval IllhJatK)n and daims as well as actual. suspected and alleggj fraud.. ReVI￿n9 tninutes of rrEelings of th)se charged wth govemance." Assessino the extent of cornplKgnce with tha laws and regulalons consKJ¥ed to have a direct maknal effect on the fin8ncHI slètem8nts or the opwalorts of the company thrO￿h enquiry and inspect￿n., Reviewing finanrAal S￿frrnent disclosures atsj teslng to supportiw doujmentstion to assess compl￿1r￿ with applicablg la￿ aN1 lo9￿a￿on$,. Perforrning audit work over the risk of management bias and overrKle of conlrd5. including testing ofjoumal entri85 and other adjustments for approprf8teness, evaluatiry the bu51ne55 rationale of s1grslf￿ant transa¢iion5 outshJ8 Ihe course of busin8ss revlwr¥J a¢¢(4Jniwig esiimate$ for indKators of pol8nti81 b￿$. 8e¢ause of the inherent limits1ior￿ of an 8udil, trre 8 risk that we not delecl all irre9uLgribes, includity those I88ding to a nwleri81 misstalemenl in the finarKial staterr￿ts or non.rnrnplranc8 wlh reguLqtk)n. Thi$ risk In¢r08se5 Ihe more that corylkgnc8 wlh a 18w or regulation 1$ removed from Ihe even15 and Irdnsactb?ns renacted In the fingnGral slatements, as we %MII be bss likely 10 beco￿￿ aware of instances of ￿n-cOMpl￿8ncÈ. Thè ri$k i4 also ￿tater regarding irreguLgribPS (Kcurring Oue b fraud rauw Ihan error. os fraud involve8 intent￿n31 ttjncealment, forgwy. ￿lI￿S￿n. omission or miSrÈwe5ental￿n. A further desuiptK)n of our rewnsiblitse$ 6 availableon the Financtal Repgrbng Council's website 8t." http$.'IIwM.frC.org.uV(XJr-WorklAuditlALMJit-and-a$5ura￿elSt8ndardS-8ndg1klancelS&￿ard$-a￿d-gUIdanCe-10r- auditorslAuditors-￿s￿brn$ib¢rrt*fOr-audIvDeS¢rlPt￿jn-of-S￿rtor$-re$pQn$ty11ities-fOr-a￿dIt.aspM. This descriptE￿ part of our auditor'$ report. John Howard (Senivr sio￿tOry Audilorl For on behalf ol Azels Audit Servic8S ChartW8d Accountants ststutory Audrtor 2ThY Floor, R89is H(yJse 45 kirvJ Willian Street London EC4R 9AN Dale i ? >0" , 12

Unrestricted Restricted
Notes Funds Funds 2021 2020
E E E
income from
Donations 3,119 1,571 4,690 8,643
Grants
&fees receivable		 76,114 637,915 714,029 452,152
Investment
income		 1,034 1,034 1,729
Total incoming
resources		 80,267 639,486 719,753 462,524
Expenditure
on
Charitable
activities		 115,355 537,095 652,450 461,207
Net incoming
resources before transfers		 (35,088) 102,391 67,303 1,317
Transfers 45,604 (45,604)
Net movements
in funds		 10,516 56,787 67,303 1,317
Funds brought forward
at 1 April 2020		 14A/15A 165,447 129,388 294,835 293,518
Funds carried forward
at 31 March 2021 14/15 175,963 186,175 362,138 294,835

As at 31 March 2 021
Com an number: 2658515
Notes 2021 2020
Fixed assets
Tangible assets 4,284 750
Current assets
Debtors 10 128,755 27,054
Cash at bank and in hand 405,745 337,345
534,500 364,399
Creditors: Amounts falling
due within one year 11 (176,646) (70,314)
Net current assets 357,854 294,085
362,138 294,835
Represented
by:
Restricted
funds		 14/14A 186,175 129,388
Unrestricted
funds:
General reserve 15/15A 175,963 165,447
Total funds 362,138 294,835

Notes 2021 2020
E
Cash flows from operating activities:
Cash generated
from operations		 19 73,524 (123,081)
Net cash provided
by (used in) operating		 activities 73,534 (123,081)
Cash flows from investing activities:
Purchase of tangible
fixed assets		 (6,158) (1,200)
Interest received 1,034 1,729
Net cash provided
by (used in) investing		 activities (5,124) 529
Change
in cash and cash		 equivalents in the
reporting
period		 68,400 (122,552)
Cash and cash equivalents at the beginning
ofthe reporting
period		 337,345 459,897
Cash and cash equivalents at the end of the reporting
period 405,745 337,345
Cash and cash equivalents consist of:
Cash at bank and
in hand		 405,745 337,345

Support costs Other Governance
Costs
f		 Total
Operating
costs		 56,244 5,483 61,727
Support costs included in the above, are as follows:
2021 2020
Rent 8 rates 16,171 17,207
Telephone 2,052
Computer costs 15,955 16,166
Printing,
postage
& stationery		 672 751
Consultancy 3,250
Accountancy 5,274 1,334
Training costs 6,190 1,392
Insurance 2,273 2,496
Sundry 3,418 215
Bank charges 417 194
Depreciation
oftangible		 fixed assets 2,624 450
Governance costs:
Auditors
remuneration		 5,320 5,200
Trustees expenses 163
61,727 47,457
Staff costs 2021 2020
E
Wages and salaries 388,841 306,447
Social security costs 29,458 22,932
Pension contributions 23,464 18,276
411,763 347,655
The number of employees in the year was: Number Number
Full-time
equivalent		 14

7. Net incoming
resources		 Net incoming
resources		 2021 2020
Net incoming
resources are stated		 after charging:
Depreciation 2,624 450
Auditors'
remuneration		 5,320 5,200
8. Comparatives
for the statement		 offinancial activities (2020)
Unrestricted Restricted Total
Funds Funds Funds
E E
Income from
Donations 8,643 8,643
Grants
&fees receivable		 2,345 449,807 452,152
Investment
income		 1,729 1,729
Total 12,717 449,807 462,524
Expenditure
on
Charitable
activities		 85,875 375,332 461,207
Total (73,158) 74,475 1,317
Transfers 54,658 (54,686)
Net income (18,500) 19,817 1,317
Total funds brought forward 183,947 109,571 293,518
Total funds carried forward 165,447 129,388 294,835
9. Tangible fixed assets
Equipment
Cost
At 1 April 2020 1,200
Additions 6,158
At 31 March 2021 7,358
Depreciation
At 1 April 2020 450
Charge for the year 2,624
At 31 March 2021 3,074
Net book value
At 31 March 2021 4,284
At 31 March 2020 750

10. Debtors 2021 2020
f. E
Trade Debtors 100,656
Other debtors and prepayments 26,099 1,554
Accrued income 2,000 25,500
128,755 27,054
11. Creditors:
Amounts		 falling
due within one year
Trade Creditors 35,422
Social security and other taxes 7,810 7,813
Other creditors 7,596 45,656
Accruals and deferred income (note 12) 125,818 16,845
176,646 70,314
12. Deferred income
Balance at 1 April 2020 10,294 154,335
Amount
released		 into incoming resources (10,294) (144,041)
Amount
deferred		 in the year 120,618
120,618 10,294
Deferred income relates to income received during the year in advance of expenditure occurring.
13. Allocation ofthe charity net assets
13. Allocation ofthe charity net assets
Fixed Net Current
Assets Assets Total
E
Restricted funds 186,175 186,175
Unrestricted funds 4,284 171,679 175,963
4,284 357,854 362,138
13A. Allocation ofthe charity net assets - Prior Year
Fixed Net Current
Assets
f		 Assets Total
E
Restricted funds 129,388 129,388
Unrestricted funds 750 164,697 165,447
750 294,085 294,835

Restricted funds
Balance Incoming Resources Balance
01.04.20 resources Expended Transfer 31.03.21
Energy Programme 85,510 234,145 (254,306) 65,349
Education and Arts Programme 43,878 120,340 (77,859) (18,359) 68,000
EU Horizon 2021, mpower 139,216 (108,981) (27,245) 2,990
Leap 95,500 (63,164) 32,336
Partner Organisations 28,225 (10,725) 17,500
Fraying Ties 22,060 (22,060)
Projects 129,388 639,486 (537,095) (45,604) 186,175

Restricted funds —Prior Y ear
Balance Incoming Resources Balance
01.04.19 resources Expended Transfer 31.03.20
Energy Programme 109,571 218,099 (202,511) (39,649) 85,510
Education
and Arts Programme		 52,667 (8,789) 43,878
EU Horizon 2021, mpower 144,041 (115,233) (28,808)
Partner Organisations (69) 69
Switched on London/London Leap 35,000 (48,730) 13,730
Projects 109,571 449,807 (375,332) (54,658) 129,388

Leasing Agreements
Land and Building
2021 2020
E 6
At the 31 March 2021, the charity had total commitments under an operating
lease as follows:
Expiring:
Less than 1 year 16,171 16,333
19. Reconciliation
of net income/(expenditure)		 Reconciliation
of net income/(expenditure)		 Reconciliation
of net income/(expenditure)		 to net cash flow to net cash flow
from operating
activities
2021 2020
6
Net
income/(expenditure)
for the		 reporting period (as per the
statement
offinancial		 activities) 67,303 1,317
Adjustments
for:
Depreciation 2,624 450
Interest received (1,034) (1,729)
(Increase)/Decrease in trade debtors (101,701) (22,498)
Increase/(Decrease) in trade creditors 106,332 (100,621)
Net cash provided by (used in) operating activities 73,524 (123,081)