METRO CENTRE LIMITED ANNUAL REPORT & ACCOUNTS YEAR ENDED 31ST MARCH 2022
| UNRESTRICTED | RESTRICTED | TOTAL | TOTAL | ||
|---|---|---|---|---|---|
| FUNDS | FUNDS | FUNDS | FUNDS | ||
| Notes | 2022 | 2022 | 2022 | 2021 | |
| INCOME | |||||
| Other Income | 2 | 163,951 | 163,951 | 188,767 | |
| Charitable Activities |
3,609,703 | 1,414,511 | 5,024,214 | 5,309,696 | |
| Investments | 417 | 417 | 1,382 | ||
| TOTAL INCOMING RESOURCES | 8 | 3,774,071 | 1,414,511 | 5,188,582 | 5,499,845 |
| EXPENDITURE | |||||
| Charitable activities |
3 | 3,738,976 | 1,436,138 | 5,175,114 | 5,448,357 |
| TOTAL RESOURCES EXPENDED | 8 | 3,738,976 | 1,436,138 | 5,175,114 | 5,448,357 |
| NET INCOME / (EXPENDITURE) |
35,095 | (21,627) | 13,468 | 51,488 | |
| TRANSFERS BETWEEN FUNDS | (33,330) | 33,330 | |||
| NET MOVEMENT IN FUNDS |
1,765 | 11,703 | 13,468 | 51,488 | |
| FUNDS BROUGHT FORWARD AT 1STAPRIL | 1,279,962 | (11,703) | 1,268,259 | 1,216,771 | |
| FUNDS CARRIED FORWARD AT 31STMARCH | 1,281,727 | 1,281,727 | 1,268,259 |
| FIXEDASS&8 | 1,071,663 | 123,960 | ||||||
|---|---|---|---|---|---|---|---|---|
| CLRRENT ASSETS | ||||||||
| Debtors | 10 | 682,405 | 722,908 | |||||
| Cash at bank & in hand | 1,211,262 | 1,694,818 | ||||||
| Total Current Assets | 1,893,667 | 2,417,726 | ||||||
| CREDITORS, AMOUNTS FALLING DUE WITHIN ONE YEAR |
1,105,697 | 1,273,427 | ||||||
| NET CURRENT ASSETS | 787,970 | 1,144,299 | ||||||
| CREDITORS, AMOUNTS | FALLING | |||||||
| DUE AFTER OhE YEAR | 12 | |||||||
| TOTAL hETASSETS | 1,281,727 | R | 1,268,259 | |||||
| The funds ofthe charity: | ||||||||
| UNRESTRICTED FLM)S General Funds Designated Funds |
1,281,727 | 1,229,962 50,000 |
||||||
| TOTAL GENRES IRICTED RESTRICTED FLNDS |
FLNDS | 1,281,727 | 1,279,962 (11,703) |
|||||
| TOTAL FLN3S | f. | 1,281,727 | 1&268,259 | |||||
| The trustees are salisfied that Companies Act 2006 and that However, an audit is required |
the company was entitled to exemption from audit under section members have not required an audit in accordance with section in accordance with the Charities Act 2011. |
477of the 476. |
| 2022 | 2021 | |||
|---|---|---|---|---|
| OPERATING ACTIVITIES |
||||
| Surplus for the financial year | 13,468 | 51,488 | ||
| Adjustments for: |
||||
| Interest receivable |
(417) | (1,382) | ||
| Depreciation | 31,470 | 21,012 | ||
| Decrease/(increase) in debtors |
40,503 | (226,461) | ||
| (Decrease)/increase in creditors |
(174,823) | 621,372 | ||
| (89,799) | 466,029 | |||
| Interest received | 417 | 1,382 | ||
| Cash (used in)/generated by |
operating | activities | 89,382) | 467,411 |
| INVESTING ACTIVITIES | ||||
| Payments to acquire tangible |
fixed assets | (979,174) | (66,000) | |
| Cash used in investing activities |
979,174 | 66,000 | ||
| FINANCING ACTIVITIES |
||||
| Proceeds from new loans | 585,000 | |||
| Cash generated by financing |
activities | 585,000 | ||
| NET CASH (USED) / GENERATED Cash (used in)/generated by operating |
activities | (89,382) | 467,411 | |
| Cash used in investing activities |
(979,174) | (66,000) | ||
| Cash generated by financing |
activities | 585,000 | ||
| Net cash (used)/generated | (483,556) | 401,411 | ||
| Cash and cash equivalents at 1 April |
1,694,818 | 1,293,407 | ||
| Cash and cash equivalents at 31 March |
1,211,262 | 1,694,818 | ||
| Cash and cash equivalents comprise: |
||||
| Cash at bank | 1,211,262 | 1,694,818 |
| 2) | OTHER INCOME & INVESTMENTS | OTHER INCOME & INVESTMENTS | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| UNRESTRICTED FUNDS | ||||||
| Donations & legacies Rental and other Income |
58,829 71,695 |
25,889 32,706 |
||||
| Coronavirus Job Retention |
Scheme | 33,427 | 107,002 | |||
| Charity Mergers |
23,170 | |||||
| 163,951 | 188,767 | |||||
| Investment Income Interest receivable |
417 | 1,382 | ||||
| 3) | CHARITABLE ACTIVITIES COSTS | Activity | Governance | Support | TOTAL | |
| 2022 | ||||||
| SERVICE AREA | ||||||
| HIV Prevention and Support Sexual & Reproductive Health Core Services |
1,436,677 1,348,820 652,776 |
20,349 16,933 67,166 |
97,563 87,634 134,551 |
1,554,589 1,453,387 854,493 |
||
| Community Participation Youth Services |
and Engagement | 713,344 143,829 |
9,249 1,471 |
60,965 10,386 |
783,558 155,686 |
|
| Mental Health 8 Well Being |
342,389 | 4,001 | 27,011 | 373,401 | ||
| TOTAL RESOURCES EXPENDED | 4,637,835 | 119,169 | 418,110 | 5,175,114 | ||
| 4) | GOVERNANCE &SUPPORT COSTS |
Governance | Support | |||
| Finance 8 | Human | |||||
| Information | Resources 8 | |||||
| Technology | Communications | |||||
| 2022 | 2022 | 2022 | ||||
| R | ||||||
| Staff salaries | 51,108 | 104,474 | 171,428 | |||
| Auditor: audit fee |
3,600 | |||||
| Accounting support |
4,800 | |||||
| Legal & professional | 40,252 | |||||
| AGM 8 trustees meetings |
2,538 | |||||
| Insurance | 21,671 | |||||
| Information Technology Printing Postage and Stationery Telephony |
70,032 33,163 34,213 |
|||||
| 119,169 | 246,682 | 171,428 |
| 5) | NET OPERATING SURPLUS/(DEFICIT) | NET OPERATING SURPLUS/(DEFICIT) | NET OPERATING SURPLUS/(DEFICIT) | ||
|---|---|---|---|---|---|
| The net surplus/(deficit) | of expenditure | over income is stated after charging: | |||
| 2022 | 2021 | ||||
| P | |||||
| Staff costs | 3,004,721 | 2,799,630 | |||
| Depreciation of equipment 8 leasehold Audit fee |
improvements | 31,471 3,600 |
21,012 3,800 |
||
| 6) | STAFF COSTS | 2022 | 2021 | ||
| Staff costs for the year Salaries |
were as follows: | 2,678,748 | 2,491,012 | ||
| Social security costs Pensions Costs |
247,446 78,527 |
230,858 77,760 |
|||
| 3,004,721 | 2,799,630 |
| 2022 | 2021 | ||
|---|---|---|---|
| F60,001 | - F70,000 | 2 | 1 |
| F70,001 | - F80,000 | 1 | 1 |
| 280,001 | —C90,000 | 1 |
| DEFER | RED INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Balances | at the start of the year | 655,738 | 132,779 |
| Additions | during the year | 576,995 | 655,738 |
| Amounts | released to income | (655,738) | (132,779) |
| Balance | at the end of the year | 576,995 | 655,738 |
| 8) | MOVEMENT ON FUNDS IN YEAR | Opening Balance 01-Apr-21 |
Incoming Resources |
Outgoing Resources |
Transfers between funds |
Closing Baktnce 31-INsr-22 |
||
|---|---|---|---|---|---|---|---|---|
| 8 | 2 | |||||||
| UNRESTRICTED FUNDS | ||||||||
| General Fund |
1,229,962 | 3,774,071 | 3,738,976 | 16,670 | 1,281,727 | |||
| DESIGNATED FUNDS | ||||||||
| Metro Local Premises Fund |
(50,000) | |||||||
| TOTAL UNRESTRICTED FUNDS | 1279962 | 3,774,071 | 3,738,976 | 33,330 | 1,281,727 | |||
| RESTRICTED FUNDS 1he Peter Sowerby Foundation: The Increasing Access Fund London Borough of Lambeth: Pan London HIV Prevention Programme EJAF Social Impact CIC: The Social Impact Bond Service Public Health England Innowrtion Fund: My Message to You MAC AIDS Fund UK: Emerging Communities London Borough of Richmond Upon Thames: Pharmacy screening scheme London Borough ofWandsworth: Pharmacy screening scheme EU Interreg 2Seas Mere Zeeen: SHIFT Outreach project Charlton Athletic Community Trust: Young Greenwich Training and Support London Youth: Getting Actin Sports grants program I ondon Borough of Lambeth: EIPS Youth Funding The Jack Petchey Foundation: Achievement Awards Scheme Royal Borough of Greenwich: The Connecting Communities Alliance |
4,338 | 9,790 470,703 16,500 36,863 30,000 677 967 54, 191 13,174 1,500 13,000 250 |
9,790 470,703 20,838 30,000 677 967 87,521 13,174 1,500 13,000 200,000 |
33,330 | ||||
| Gty Bridge Trust: London Community Response Fund Children In Need: Young person's LGBTQ Mental Health Royal Borough of Greenwich: Strategic Equalities Grant Tackle Prostate Cancer: Research Pilot Project Greater London Authority: Young Londoners Fund Royal Borough of Greenwich: Voluntary Sector Business Dewtlopment Grant Royal Borough of Greenwich; Greenwich Area Inwrlwtment Network Royal Borough of Greenwich: METROGAVS Voluntary Sector Support The Safer Greenwich Partnership NHS Greenwich Charitable Funds Charlton Athletic Community Trust: Social Prescribing Project Community Links Bromley: The Cornerstone Health and Wellbeing Project Comic Relief: Tne Intermediary Fund National Lottery Community Fund - COVID-19 Aftermath Achice and Support National Lottery Community Fund: The Liw Well Partnership |
Project | 2,000 24,000 (42,041I |
118,963 47,460 6,366 38,972 48,417 16,600 99,037 5,937 16,510 1,802 65,000 11,497 28,000 |
118,963 47,460 6,366 40,972 48,417 16,600 99,037 5,937 16,510 1,802 22,959 11,497 28,000 |
||||
| TOTAL RESTRICTED FUNDS | 11,703 | 1,414,511 | 1,436,138 | 33,330 | ||||
| TOTALRESTRICTED8RESTRICTED | 1,268,259 | 5,188 582 | 5,175 114 | 1,281,727 |
| 9) | FIXEDASSETS | Oflice Equipment |
Vehicles | Leasehold improvement |
Freehold Property |
TOTAL |
|---|---|---|---|---|---|---|
| Cost Brought forward Additions |
85,562 26,518 |
66,000 | 35,526 3,720 |
948,936 | 187,088 979,174 |
|
| 112080 | 66000 | 39246 | 948936 | 1 166262 | ||
| Depreciation Brought forward Charge for year |
43,699 13,677 |
6,600 13,200 |
12,829 4,594 |
63,128 31,471 |
||
| 31stMarch 2022 | 57376 | 19800 | 17423 | 94599 | ||
| Net Book Value, as at | ||||||
| 31stMarch 2022 | 54704 | 46200 | 21 823 | 948936 | 1 071 663 | |
| 31stMarch 2021 | 41 863 | 59400 | 22 697 | 123960 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Grants receivable Other debtors & prepayments |
581,064 101,341 |
555,660 167,248 |
||
| 682 405 | 722 908 | |||
| CREDITORS, | amounts | falling due within one year | ||
| 2022 | 2021 | |||
| Bank Loans Trade Creditors Other taxation &social security Deferred income Other creditors & accruals |
7,094 17,529 59,257 576,995 444,822 |
18,826 62,969 655,738 535,894 |
||
| 1 105697 | 1 273427 | |||
| CREDITORS, amounts | falling due after one year | |||
| 2022 | 2021 | |||
| Bank Loans | 577,906 | |||
| 577,906 |
| ALYSIS | OF FUNDS | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| F | ||||
| Tangible Fixed Assets Net Current Assets |
313,925 | 1,071,663 1,579,742 |
1,071,663 1,893,667 |
|
| Liabilities | (313,925) | (1,369,678) | (1,683,603) | |
| Total Net | Assets | 1,281,727 | 1,281,727 |
| Total future minimum lease payments under non-ca |
ncellable operating |
leases are |
|---|---|---|
| 2022 | 2021 | |
| Not later than one year Later than one and not later than five years |
185,785 563,702 |
172,746 628,834 |
| Later than five years | 112,500 | |
| 749,487 | 914,080 |