|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent<br>Auditors|7|to|9|
|Statement of Financial Activities||10||
|Statement of Financial Position||||
|Statement ofCash Flows||12||
|Notes to the Statement ofCash Flows||13||
|Notes to the Financial Statements|14|to|24|





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|||f|or the Year|Ended 31March 2|022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds<br>6|funds<br>6|funds<br>6|fundsf|
|Income and endowments||from||||||
|Donations<br>and legacies||||3,524|5,000|8,524|2,526|
|Charitable<br>activities||||||||
|Bureaux, Community<br>Wormwood<br>Scrubs<br>Adult Social Care|and|Legal Services||645,344|134,798<br>70,449<br>246,791|780,142<br>70,449<br>246,791|766,892<br>107,022<br>297,328|
|Money Advice Project<br>Grenfell Project|||||179,445|179,445|67,646<br>120,952|
|Universal<br>Support|||||86,598|86,598|89,560|
|Investment<br>income||||98||98|522|
|Other income||||370||370|700|
|Total||||649,336|723,081|1,372,417|1,453,148|
|Expenditure<br>on||||||||
|Charitable<br>activities||||||||
|Bureaux, Community<br>Wormwood<br>Scrubs<br>Adult Social Care|and|Legal Services||589,279|126,887<br>80,041<br>238,055|716,166<br>80,041<br>238,055|646,598<br>109,792<br>287,095|
|Money Advice Project<br>Grenfell Project|||||9,088<br>150,492|9,088<br>150,492|63,658<br>112,345|
|Universal<br>Support|||||86,501|86,501|89,933|
|Total||||589,279|691,064|1,280,343|1,309,421|
|Net gains/(losses)<br>on|pension scheme||||||~136,532)|
|NET INCOME||||60,057|32,017|92,074|7,195|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward|||18e,e59|98,949|287,608|280,413|
|Total funds carried forward||||248,716|130,966|379,682|287,608|





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||Statement ofFinancial Position|Statement ofFinancial Position||||
|---|---|---|---|---|---|
||31 fillarch 2022|||||
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|Fixed assets|Notes|funds<br>6|funds|funds<br>6|fundsf|
|Tangible assets|12|5,536||5,536|11,072|
|Current assets||||||
|Debtors<br>Cash al bank and in hand|13|7,089<br>764,104|~130966|7,089<br>895,070|29,281<br>752,148|
|||771,193|130,966|902,159|781,429|
|Creditors||||||
|Amounts<br>falling due within one year|14|(191,819)||(191,819)|(133,544)|
|Net current assets||579,374|130,966|710,340|647,885|
|Total assets less current liabilities||584,910|130,966|715,876|658,957|
|Pension liability|16|(336,194)||(336,194)|(371,349)|
|NETASSETS||248,716|130,966|379,682|287,608|
|Funds|15|||||
|Unrestricted<br>funds<br>Restdicted funds||||248,716<br>130.966|188,659<br>98,949|
|Total funds||||379,682|287,608|



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|||Statement ofC<br>for the Year Ended|ash Flows<br> 31 March 2022||
|---|---|---|---|---|
||||2022|2021|
|||Notes||6|
|Cash flows from operating|activities||||
|Cash generated<br>from operations|||142,922|212,266|
|Net cash provided<br>by operating<br>activities|||142,922|212,266|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets||||~16,612)|
|Net cash provided<br>by/(used|in) investing|activities||~16,612)|
|Change<br>in cash and cash|equivalents|in|||
|the reporting<br>period<br>Cash and cash equivalents|at the||142,922|195,654|
|beginning<br>ofthe reporting|period||752,148|556,494|
|Cash and cash equivalents|at the end|of|||
|the reporting<br>period|||895,070|752,148|





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|Reconciliation<br>of net income|Reconciliation<br>of net income|to net cash flow from|operating|activities|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|6|
|Net income for the|reporting|period (as per the Statement of||Financial|||
|Activities)<br>Adjustments<br>for:|||||92,074|7,195|
|Depreciation<br>charges<br>Decrease<br>in debtors<br>Increase<br>in creditors<br>Increase/(decrease<br>in defined||benefit pension scheme|liability||5,536<br>22,192<br>58,275<br>~35,155)|10,030<br>31,383<br>48,726<br>114,932|
|Net cash provided|by operations||||142,922|212,266|



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|Analysis ofchan|ges<br>in net funds||||
|---|---|---|---|---|
|||At 1.4.21|Cash flow|At 31.3.22|
|||6|6|6|
|Net cash|||||
|Cash at bank and|in hand|752,148|142,922|895,070|
|||752,148|142,922|895,070|
|Total||752,148|142,922|895,070|





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|Investment|income||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|6|
|Interest received|||||98|522|
|Income from charitable||activities|||||
||||||2022|2021|
|||Activity|||6|6|
|Royal Borough of Kensington|||||||
|8 Chelsea|- general grant|Bureaux, Community|and|Legal Services|630,541|711,082|
|The City Bridge Trust||Bureaux, Community|and|Legal Services||22,460|
|RBKC||Bureaux, Community|and|Legal Services|86,875||
|Campden|Charities|Bureaux, Community|and|Legal Services|10,500|1,000|
|CitA||Bureaux, Community|and|Legal Services|295|32,350|
|The National<br>Lottery||Bureaux, Community|and|Legal Services|51,931||
|Wormwood|Scrubs - donations||||||
|in kind||Wormwood<br>Scrubs|||10,000|10,000|
|The City Bridge Trust||Wormwood<br>Scrubs|||43,958|51,925|
|Debt Free|London|Wormwood<br>Scrubs||||45,097|
|HMP Wormwood<br>Scrubs||Wormwood<br>Scrubs|||16,491||
|RBKC - Social Services||Adult Social Care|||216,791|254,478|
|C&NW London<br>NHS|||||||
|Foundation|Trust|Adult Social Care|||30,000|42,850|
|Debt Free|London|Money Advice Project||||67,646|
|C&NW London<br>NHS|||||||
|Foundation|Trust|Grenfell Project|||57,500|35,000|
|RBKC||Grenfell Project|||70,000|85,952|
|Kensington|&Chelsea||||||
|Foundation||Grenfell Project|||51,945||
|CitA||Universal<br>Support|||86,598|89,560|
||||||1,363,425|1,449,400|



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|6.|Charitab|le<br>activities|cos|ts|||||
|---|---|---|---|---|---|---|---|---|
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 7)|Totals|
|||||||||6|
||Bureaux,|Community|and|Legal Services||568,641|147,525|716,166|
||Wormwood<br>Scrubs|||||60,933|19,108|80,041|
||Adult Social Care|||||194,446|43,609|238,055|
||Money Advice Project|||||9,088||9,088|
||Grenfell|Project||||118,413|32,079|150,492|
||Universal|Support||||64,626|21,875|86,501|
|||||||1,016,147|264,196|1,280,343|
|7.|Support|costs|||||||
|||||||Premises|Information|Human|
|||||||costs<br>6|technology<br>f|resources<br>6|
||Bureaux,|Community|and|Legal Services||11,206|17,052|50,069|
||Wormwood<br>Scrubs|||||10,532|588|4,905|
||Adult Social Care|||||8,611|6,785|16,989|
||Grenfell|Project||||5,691|4,970|13,166|
||Universal|Support||||5,914|2,455|7,811|
|||||||41,954|31,850|92,940|
||||||Administration||Governance||
||||||costs|Other|costs|Totals|
||||||||6|6|
||Bureaux,|Community|and|Legal Services|13,821|47,583|7,794|147,525|
||Wormwood<br>Scrubs||||1,311|778|994|19,108|
||Adult Social Care||||4,049|3,917|3,258|43,609|
||Grenfell|Project|||2,691|3,266|2,295|32,079|
||Universal|Support|||1,766|2,740|1,189|21,875|
||||||23,638|58,284|15530|264,196|
|8.|Net income/(expenditure)||||||||
||Net income/(expenditure)|||is stated after charging/(crediting):|||||
||||||||2022f|2921|
||Auditors'|remuneration|||||8,220|8,220|
||Depreciation - owned||assets||||5,536|10,030|





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|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Project workers||||||||31|29|
|Management<br>and administration||||||||2|2|
|||||||||33|31|
|No employees<br>received emoluments||||in excess|of860,000.|||||
|Comparatives<br>for the statement|||of|financial|activities|||||
|||||||Unrestricted||Restricted|Total|
|||||||funds||funds|funds|
|||||||6||9|6|
|Income and endowments||from||||||||
|Donations<br>and legacies||||||1,871||655|2,526|
|Charitable<br>activities||||||||||
|Bureaux, Community|and|Legal Services||||766,892|||766,892|
|Wormwood<br>Scrubs||||||||107,022|107,022|
|Adult Social Care||||||||297,328|297,328|
|Money Advice Project||||||||67,646|67,646|
|Grenfell Project||||||||120,952|120,952|
|Universal<br>Support||||||||89,560|89,560|
|Investment<br>income|||||||522||522|
|Other income|||||||700||700|
|Total||||||769,985||683,163|1,453,148|
|Expenditure<br>on||||||||||
|Charitable<br>activities||||||||||
|Bureaux, Community|and|Legal|Services|||646,598|||646,598|
|Wormwood<br>Scrubs||||||||109,792|109,792|
||||||Page 18||||continued. ..|





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|11.|Comparatives|for|the statement<br>offinancial activities -|continued|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||6|6|6|
||Adult Social Care||||287,095|287,095|
||Money Advice Project||||63,658|63,658|
||Grenfell Project||||112,345|112,345|
||Universal<br>Support||||89,933|89,933|
||Total|||646,598|662,823|1,309,421|
||Net gains/(losses)||on investments|~136,532)||~136,532)|
||NET INCOME/(EXPENDITURE)|||(13,145)|20,340|7,195|
||Reconciliation|of|funds||||
||Total funds brought forward|||201,804|78,609|280,413|
||Total funds carried forward|||188,659|98,949|287,608|
|12.|Tangible fixed|assets|||||
|||||||Computer|
|||||||equipment|
|||||||8|
||Cost||||||
||At 1 April 2021|and|31 March 2022|||68,130|
||Depreciation||||||
||At 1 April 2021|||||57,058|
||Charge for year|||||5,536|
||At 31 March 2022|||||62,594|
||Net book value||||||
||At 31 March 2022|||||5,536|
||At 31 March 2021|||||11,072|
|13.|Debtors: amounts||falling due within one year||||
||||||2022|2021|
||||||6|6|
||Other debtors||||4,408|26,560|
||Prepayments||||2,681|2,721|
||||||7,089|29,281|





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|Creditor|s: amounts<br>falling due within one year|||
|---|---|---|---|
|||2022|2021|
|||6||
|Social security and other taxes||19,752|25,829|
|Other creditors||17,938|8,033|
|Amounts|held on behalf ofclients|12,726|4,501|
|Deferred|income|27,006|29,003|
|Accrued|expenses|114,397|66,178|
|||191,819|133,544|



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|Deferred|incom|e|||
|---|---|---|---|---|
||||6||
|Deferred|income|as at 1 April 2021||29,003|
|Released|in the|year||(29,003)|
|Income deferred||in the year||27,006|
|Deferred|income|as at 31 March 2021||27,006|



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|Movement<br>in funds||||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.21|in funds|31.3.22|
||||6|6|2|
|Unrestricted<br>funds||||||
|General<br>fund|||295,191||295,191|
|RBKC General<br>Grant - Bureaux||Services|264,817|24,902|289,719|
|Pension<br>liability|||(371,349)|35,155|(336,194)|
||||188,659|60,057|248,716|
|Restricted funds||||||
|HM Prison Service - Wormwood||Scrubs|8,466|(4,591)|3,875|
|Adult Social Care|||70,081|8,736|78,817|
|Money Advice Project|||9,088|(9,088)||
|RBKC - Grenfell Project|||11,030|28,953|39,983|
|Universal<br>Support|||284|97|381|
|National<br>LoNery Community|Fund|||768|768|
|Kensington<br>Covid Recovery||||7,142|7,142|
||||98,949|32,017|130,966|
|TOTALFUNDS|||287,608|92,074|379,682|





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|Net movement<br>in funds,<br>incl|ude|d<br>in the above are as fo|llows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||6|6|6|
|Unrestricted<br>funds||||||
|RBKC General<br>Grant - Bureaux||Services|649,336|(624,434)|24,902|
|Pension<br>liability||||35,155|35,155|
|Restricted funds|||649,336|(589,279)|60,057|
|HM Prison Service - Wormwood<br>Adult Social Care||Scrubs|75,450<br>246,791|(80,041)<br>(238,055)|(4,591)<br>8,736|
|Money Advice Project<br>RBKC - Grenfell Project|||179,445|(9,088)<br>(150,492)|(9,088)<br>28,953|
|Universal<br>Support|||86,598|(86,501)|97|
|National<br>Lottery Community<br>Kensington<br>Covid Recovery|Fund||51,930<br>82,867|(51,162)<br>~75725),|768<br>7,142|
||||723,081|~691,064|32,017|
|TOTALFUNDS|||1372417|~),250343)|92,074|
|Comparatives<br>for movement||in funds||||
|||||Net||
|||||movement|At|
||||At 1.4.20|in funds|31.3.21|
|||||6||
|Unrestricted<br>funds||||||
|General<br>fund|||295,191||295,191|
|RBKC General<br>Grant - Bureaux||Services|163,030|101,787|264,817|
|Pension<br>liability|||~256,417)|(114,993322)|(371,349)|
|Restricted funds|||201,804|(13,145)|188,659|
|HM Prison Service - Wormwood<br>Adult Social Care||Scrubs|11,235<br>59,849|(2,769)<br>10,232|8,466<br>70,081|
|Money Advice Project|||5,100|3,988|9,088|
|RBKC - Grenfell Project|||2,425|8,605|11,030|
|Universal<br>Support||||284|284|
||||78,609|20,340|98,949|
|TOTAL FUNDS|||280,413|7,195|287,608|





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|Comparative<br>net movement<br>in f|unds,<br>included|in the above are as|follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended<br>f|losses<br>f|in funds<br>f|
|Unrestricted<br>funds||||||
|RBKC General<br>Grant - Bureaux <br>Pension<br>liability|Services|769,985|(668,198)<br>21,600|~136,532)|101,787<br>~114,932)|
|Restricted funds||769,985|(646,598)|(136,532)|(13,145)|
|HM Prison Service - Wormwood|Scrubs|107,023|(109,792)||(2,769)|
|Adult Social Care||297,327|(287,095)||10,232|
|Money Advice Project||67,646|(63,658)||3,988|
|RBKC - Grenfell Project<br>Universal<br>Support||120,950<br>90,217|(112,345)<br>~89,933)||8,605<br>284|
|||683,163|~662,823)||20,340|
|TOTAL FUNDS||1,453,145|~1,355,4213|~135,5323|7,195|



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|Pension<br>liability brought<br>forward at 1 April|Pension<br>liability brought<br>forward at 1 April|
|---|---|
|Deficit contribution|in the year|
|Net (gains)/losses|on revaluation<br>on pensions|
|Net present value|re-measurement|
|Pension<br>liability as|at 31 March (Total)|






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|<br><br><br><br><br><br><br><br>non-cancellable<br>operating<br>leases which fall due as follows:|<br>|p|y||
|---|---|---|---|---|
|||2021||2021|
||6||6||
|Within one year||13,389||13,389|
|Between one and five years||23431||36821|
|Total||36,820||50,210|



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