Sobus Trustees. annual report For the year ended 31 March 2022 sobus strengthening communities •ABJ?ZAXS* 1911212022 COMPANIES HOUSE A17
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Sobus Trustees. annual report For the year ended 31 March 2022 Contents Page Reference and administrative inforniation Trustees, annual report 4-12 Independent audilors. report 13-14 Statement of financial actlvitles (incorporats'ng an income and expendilure account) 15 Balance sheet 16 Notes to the financial statements 17-25
Sobus Trustees, annual report For the year ended 31 March 2022 Tfustees: Chair. Yve Posner (until 71h Fetffuary 2022) Chair.. Monty Grigg (from Th February 2022) Treasurer. Phil Amy TTUStee: Susie Howard Trustee-. Liam Clipsham Trustee: Baden Prince Trustee: Richard 8runwn Trustee: Sanja Dujmovic Potn Trustee-. Mary Ravenscroft (until 10th January 2022} Chief Executlve and Company Secretary: Sue Spiller Company number: Charfiy number: Registered office: 03471416 1071089 Dawes Road Hub. 20 Dawes Road Fulham London SW6 7EN Auditors: Myrus Smith Chartered Accountants Statutory Auditors 8 Burnell Road Sutton Surrey SM14BW Bankers CAF Bank Ltd PO Box 289 West Malling Kent ME19 4TA Solicitors WGS Solicitors 133 Praed Slreet London W2 1RN
Sobus Trustees, annual report For Ihe year ended 31 March 2022 The Iruslees, who are also direclors under company law. present tlw report and financial statements lor the year ended 31 Mafch 2022. The Iruslees confirn that the financial slalements comply wth Curr statutory reqLtirements. the memorandum and artleS ol assouation and thè Slalemenl of Recommer)deO Pracbce - Accountin9 and Reportin9 by Charities: SORP appltcable lo chanties epanr¥4 their accounts in accordance with FRS 102. Aims and Objectives Oui Alms: Sobus is a regislefed charity. charity no. 1071089 and a ccmnpany limrted by guarantee. The obj'ects, as Set out in the Memorandum and Artides of Association are.. To Prornole any charitable FIUTpose for the beneffl of the pullic in the London Borough of Hammersmi(h and Fulham and surrounding area To promote the Voluntary sect and any charitable purpose for the benefit of the public in the London Borough of Hammersmilh and Fulham and svrrwnding area and proTnole and organise co-operation between the Voluntsry Seclof. Statut tojies and other boLlies as appropiriate to further the Objects of the Charity. We aim, through our range of high qualrty services to support and enabfe the Volunlary organisalions operating in Hamrnersmilh and Fulham to be a collecfve thriving and signrfunt se¢lor which better identrfies and supports the needs and aspiralKXS of oui CLxnmunilies. We seek to broker a range of mutually beneficial lationshipS between the Voluntsry and Community Sector (VCS) and statutory, private and other VCS organisations. We provhle a range of resources lo promote infomialion and Intellence to the seclor so that they are belter able to respond lo the needs of the area. We delivef Capacity building such as one to one a(fve. training and events to support the gr0h and development of VCS. We prowde high qualty and affdable oifice space lo organisats'ons lo run their organisatson. Our Objectives: Our objectives a geared to ensuriNJ the delivery of our vis¢on as jIllned in our strategy and in our governing document. In seth'ng, our obj'ectives and planning our acville5 wr Governors have given areful consideration lo the Charity cmIsSn,$ public benefit guKlance. Our key objedThies for Ihe year induded.. To build the resilience and Sta1 of local 3rd seclor Organilor through effective capacity building To support the sector in demonslraling ils impact individuallyand collectively To facilitate ¢ollaborats¢)n. ¢cweralN)n and partnerships wtlh and between the k)cal 3rd sector To facilitate the votce of the 3rd sector in local strategi¢ oppJfvnits'es and developments lo conb.nue lo ensure Ihat Sobus directory and resources are up to date lo slatmlise our provision of affordable office space to develop effective enterprise support afound our Freston Road Hub
Sobus Trustees, annual report For the year endad 31 March 2022 2021.22 Review Introduction During this financial year. the.. Covi&19 pandemic continued io have a major impad on our work. our ways of WOTking and our income. The nationwide lockdown and social distancing restrictions began to ease from 17th May. and all social distancing restrictions were lifted in July 2021 as the national Covid-19 vaccination programme was widely implemented and the severity of Covid-19 began to lessen. However, although central Government encouraged people to return to the workplace. the majority of those who could, continued to work femolely, with this becomiThJ the mainstay for a significant number of businesses as part of their longer term planning. Many VCS organisalions, introdutsd a hybrid model of working - with some lace to fa Semces being reintroduced by spring 2021, vthist back office work was often done wth staff working remotely. Sobus applied the same m¢>Jel of Vrking. Stsff had begun to retum lo the workplace in spring 2021, but the majority of gTOUPS we work wlh cOntinLd to prefer online SUPPK)rt, networks and forums, with few opling for face to face services. Strategic plan During this year, we completed our 5-year strategic plan. Our vision is of strong and engaged communities: where residents and organisations are empowered to make a positive difference to the causes they believe in. and our mission is to achieve this through providing voice, presentation and support to residents through the or9anisations that support them. The Board has agreed that in order to delrver its vision and mission. Sobus will pursue the following strategic objectives 1. Support a stronger. sustainable Voluntary Communty Sector (VCS) in LBHF 2. Strengthen the voice of the VCS and those they support 3. Develop and sUPPOrt Collaboratron. Cooperation and Coordination with and between the VCS, and build and develop stronger link5 With statvtory and corporate sectors 4. Maximise and make best use of our assets to support the VCS in Hammersmilh & Fulham and the enterprise community in North Kensington 5. Be a sustainable. responsible, responsive and effective organisation To deliver this plan, Sobus reslruclured a number of key PD5ts to ensure the skills and competencies needed to deliver th8 strategy are in place. AJI staff members wll d8velop workplans that explicitly set out how their role and activities will deliver Ihe priorities, which will enable the Board to Irack progress.
Sobus Trustees, annual report For the year ended 31 Mar¢h 2022 Partnerships & Forums Local VCS organisalions continued to look for our support to nelworf(, connect and cdlaborate v411h other VCS and statutory sector services. Our(Mline forums continued to be well attended. with a number of collaborations arising from these. Most notably, the development of Ageing Well Grants. initiated through the Sobus POPS Forum, and provided opportunities lo link newly emerging organisalions with more established groups. to develop a peer mentoring service to groups who secured grant funding. As in 20-21, groups opted for our forums and nelworks to contriue lo be held remotely. With the majority of all other Meetings. including the Health & Wellbeing Board and all Integrated Care Partnership meetings also being held online, Ihis has become the normal way of working across the majority of the engagement opportunities we are involved in. Whilst this can offer benefils. including making meetings easy to attend. it also comes with challenges. particularly in supporting VCS organisation5 to also meaningfully participae. Offline meetings provide the opportunity for Ihose who are less confident to be supported to participale, and the opportunity for those infomial conversalxjns and networking that can often result in new connections being made. informaln shared and new possibilities identified. As the year drew to a close, we began to see in-person rneelings begin to be held, which was welcomed by organisatsons as a useful opportunityto effectively nerk. Hubs During this year. the legacy of uncertainty from Ihe Covd-19 pandemic continued to present challenges, for both Sobus and the voluntary and community organisalions we support. The critical impact for Sobus has been the reduction of income geneiated through our hubs. Both Dawes Road and Freston Road Hub remained very quiet throughout the year, particularly Dawes Road Hub. Freslon Road Hub saw an in(yease in room hire during the year, wilh two organisations regularly booking space for their wY)rk around worklessness and employment. At both hubs. very few licensees retumed lo office based working, opting to continue to woik from home for the majority of the time. arwj only coming inlo the hubs occasionally. This trend remained throughout 21-22. and only in Febru8rylMarch did we begin to see an increase in footfall across both siles. In response lo this. we continued to minimise all possible exp?j1tUre. including decreasing the houTS of our support slaff through their agreement from the end of the fudough scheme until the end of the financial year. Social Media Predominantly lo increase interest and bookings at our hubs. we also began to be more active on social media. It is important to raise our profile so Ihat we are more visible to our customers. new clients and to our funder5 and supporters. We established an Inslagram a¢counl, updated our Facebook pages. and developed a brand pack lo enable us to produce eye catching and effective social media posts and stories. We aso continued to update and revamp our website, ensuring thal infonnation was acceSSb and user friendly to our customers.
Sobus Trustees, annual report For the year ended 31 March 2022 Organssational Development The Covid-19 pandemic continued to have an impact on the need and demand for our support from local voluntary and community organisations. Th8 predominant area of support ontinued to be furidraising th groups stnjggling to fin¢J grants and funding for their seNices, particularly those thal were not Covid-19 related. A si9nificant nurnber of funders ontinued to priorit15e front line and crisis support for those experiencing Covid related cha118nges. However, with groups seeking to develop longer term. sustainable serviGes, many reported difficulties in finding funding sources for non-covid relaled seNices. We have seen a rèduction overall in funding available to the sector - th a combination of funders pausing their grants programmes. less funding available. sh(Jter funding terms and smaller awards being made. This trend is expected to continue for some time lo come- and we also anlicipale that grants to address the increasing cost of IivifKJ c$1$ will replace Covid-19 support in due course. A key element of our organisalional development support is the provision of 'capacity building". Capacity building is essentially about developing an organisation to a point where it is, and is seen to be SUCssful and sustainable and includes a myriad of different thin9S. from having the right organisational structure. to policy and management, finance. communications and marketing and planning and flexibility and so on. We have begun to develop a clear 5 stage process to support groups lo understand what areas they need to work on, and together with training and 1-2-1 support, pul in pce a dear plan to develop and strengthen their organisation. Stage 1= Our organi5ation is fonnally established and Constituted Stage 2". This organisation has Èfle¢tive Governance in place that focuses on what is being achieved and what will be achieved in the future Siage 3.. The organisation is well netwothed and recognised locally Stage 4: This organisation manage5 its finances effectively and understands it5 funding plans for it to progress further Stage 5.. The organisation is managing resources effectively and efficiently and can adapt to change. Enterprlse support During 21-22, we continued lo produce a monthly business newsletter, but did not have much lake up of the business support offered at Freston Road Hub. For the most part, this was due to the ongoing uncertainly around Covid-19. and a rehjctance of many to return lo office based work and aclivities. We have continued to ty Io feach out to new audiences, primarily through social media, but have not had a signrficant lake up of our offers and services during this year. Addressing this wll be a priority for Ihe next financial year. The organisalional development process outlined above can be equally applied to supporting the development of small businesses and entrepreneurs. and we wll be rolling out this inilialive from Fre51on Road Hub during 22-23.
Sobus Trustees, annual report For the year ended 31 March 2022 Community Organising Our community organising service continued lo work directly wilh local residents. Whi151 at the beginning of the year. clients were reluclant to engage face tl face. this did begin lo ease after July, once all social distancing requirements were lifted. For the majority of clients. the longer temi impact of Covid-19. particularfy around mentsl health needs. together wtlh worrying increases in the cost of INing were the main issues that residents raised. The Community Organiser engaged with over 500 residents during the year, and supported new groups to start, including the development of a new local Tenants & R8sid8nts organsialion, and community leadefs from IheAfrican Caribbean communrty setting up organisalions in the north of the borough, and another establishing a dimate change action project. Looking forward The most pressing priority for the year ahead is to generale and raise fvnds - both through increased use of our hubs, and through fundraising activities. We have grven ourselves a largel of submitting a minimum of 10 good quality funding applications throughout the year, and a target of increasing both desk and room hire income at Dawes Road Hub in particular. We intend to develop new approaches to reaching customers for room and space hire working through intermediary organisalions whose role it is to rnatch clienls to available spaces. We need to ensure our meeting rooms are equipped to accommodate "hybrid" meetings, where attendees participate both in person and virtually. and will need lo fundraise to improve our facilities al both hubs for Ihis. With the ernergence of every increasing competitors for office Spa and meeting rooms. we will need to ensure that we market the USP of our hubs and price ourselves competitively. Funding for infrastructure, or 2rAI tier services has always been difficult to secure. as funders typically prefer to resource front line services. We expect this fccus to continue Sobus wll need lo prioiitise creative fundraising approaches. including developing collaborative bids with other organisation5 to ensure our sustainability and fLrture (Yevelopment. We anticipate that our main grant from the London Borough d Hammersmith & Fulham will be re-tendered during 22-23, and staff will need to ensure that we are positioned lo both support the local VCS Ihrough this process, as well as develop our own persuasive and innovative bid which responds to the priorities and values of the local authority. The council is committed lo coproducing the approach to this, and Sobus will (x)nlinue to support this process.
Sobus Trustees, annual report For tho year ended 31 March 2022 A¢hlevements and activities in 21-22 Supported the establlshm•nt and tendering of £200k NWL NHS Trust granls for communlty mental health services 142 Vts groups provided with.easework support . 12.newsletters and 12 lunding bulletins sent to oveT 1.200 recipients 163 organisations attended tTainlng or workshops 12 OTganisalions. Tnembers of the Mental Health EquÉty Group. 9 meetings held 4 VCS CEO forums held Engaged in preliminary meetings for VCS coproduction of the L8HF 3Fd Sector Investment Fund 8•came members of 3 Sector Together. collaborative of CVS organisatlons across th• NW London NHS ICS area Adrriinistrated £25k'CCG grant5 budget for older people's wellbeing services Supported the devolopmfjnl and engagernent of the VCS in Ihe LBHF Clirnate Alliance 78 groups supported to sutcessfully apply for" grants 12 "Meet the lunder" •Vonts. attended by x organisatlons 5 new project5 or initiatives started, supported by our Communily Or9anising service 551 individuals engaged with ovr Community Or9anising Service Updated and IMPrnnted our 5 yearstraltgy and restrucbjrod to deliv•r It Provided support to 12 groups rocoiving MH Mental Health GTanls Engaged in over 48 ICP meetings and events Supported the devfylopment of thg H&F Food Plan Increased our social media presence and updated our website 293 Qrganisations provided with 1-2-1 support, adv5¢e or information Acliwely promoted local Vocid-19 vaccination pyogramrnes and supported the CCG to enga92 with hard to reach communities Recruited and suppoiled a volunteer. who was later proinoted to a paid iole Produced 12 Entorpris¢ Newsletters for the business community around Freston Road Hub 6 VCS organlsations have office space in our hubs. 15 VCS organisations used our meeting room spaces
Sobus Trustees, annual report For the year ended 31 March 2022 Structure, goyemance and management Under the Constitution and Articlès of Association of the charity. the Trustees are ultirn3tely responsible for all aspscts of governance., foi ensuring the alms of charity are upheld, overseeing strategy. safeguarding the charities assets. dev81opmenl and enstsring the charity sustainability. The day to day management of the charty is devolved to the CtNef Executive and Stsff. The Mathods used to recrult and appoint new charity Trustees When new or addilional trustees are recnJited. they are elected by the members or.COuOPted by Ihe Trustees. All Trustees are also members. and support the objectives of the charity. 85 Set out above. Atlhe third Annual Appointmeni Boafd Meeling after their 8ppontrMet a Trustees shall retlTe. They shall be eligible for reappointment proiiided that no T(lee$ may continue afier six years in office. Flnanclal rèviaw During the year the charity was in receipt of income of £424,2fA) and incurred expenditure of £409.934 rewlling in surplus of £14,266. Al the financial year end charity had £1.540.581 total fijnds (uniestricted= £1.520,331 and r85tricted." £20,250). Further details are provtded in the financial stalemenls. Statement of responslbillties of the Irustees The trustees (who are also directors of Sobus for the pu0$e5 of company law) ar8 responsible lor preparing the trustèes, annual report and the financ7 statements in accordance with applicable law and United Kingdorn Accounting Skndards (United Kingdom Generalty Accepled AcGounling Pracbce). Company law requires the ttustees lo prepare financbal stat&Trents for each financial yeaf which give a tnJ8 and fair view of the slate of affairs of the charitable CLmpany and of the incoming resources and application of resources, induding the income and expenditure. of the charitable company for that period. In preparing these firanoal statements, the Irustees are requlred to.. Select Suitable accounting policies and then apply them consislenlly- Obsèrve tho methods and principles in the Charities SORP: Make judgements and estimates that are reasonable pwdent.. Stat6 whethèr applicab18 UK Accounting Standards and st*emenls of recommended practice have been lollowed. subject to any malerial (lepartures disclosed and explained in the financial statemenls- Pfepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the chanty will continue in operatton. 10
Sobus Trusteès, annual report For the year ended 31 March 2022 The Irustees ar$ responsible for keeping proper accounlirg records that disclose with reasonable accuracy al any tima th9 financial Position of the Charitable company and enable them lo ensure that the linancial stsleriienls comply wilh the CompaniBS Act 2006. T.hey are also responsible for safegoarding the 2Sls 07 'ihe charitable cornpany and hence for taking reasonable steps for the prevention and delgction of fraud a?d other ifregularititss. Th8 trustees are responsible for the maintanancè and integrityof tkie corporate 2nd financial inTomalion included on the ctrtarilabla company's wèbsile. Leg-lalion in the United Kingd()Yh governing the prep•ralion and disseiminalion of financial gialements may differ from 18gislation in other juri5dicliDns. Stalement as to disclosure to our auditors In so far as tne trustees are 8ware.' There i) no relevant audit infonation of which tha charitable company's auditors are un3*vare'. and The trusiees hava taken all steps that they ought lo hai'e takeo lo maks Ihemselv8S aviare of 2ny relevant audit inTOTmalion and to establisl that the a'JditOTS are aiiiare of that informalion. Auditors IAsrus Smtth viere i e-arjpointed ai Ihts 8uditors of tha charilabla CAJmpany during Ihts year and ,4ave expre>4ed their willingness lo con15nue in that capacrty. The 1fusteS, annual report has been appioved b& the truslees on and sigll ed on the:r rjehalf by.. Monty Grig Chair o., Trust
INDEPENDENT AUDITOR'S REPORT TO ThE MEMBERS OF.. FOR THE YEAR ENDED 31# MARCH 2ry22 Opinl)n We have audited the ffflaftcial stalements SOBUS lfv'cti•itable cunp3rf1 for the year ended 31 March 21Y22 wfiich comfv Ihe statem of Financial Adr41tss. Sheat and note5 to the finanoal stalements. signlfK•rt a¢¢4)unlin9 F¥ies. firAMiab rewrbng framework that Irds toen apptied in PreparJ is appl8lMe law and Unrted Kwdom AcCntIng.Sf4ndard5. iftdudirrfJ Financi Rep¢y'ng Stsrhjartl 102 Th• Fin8rtgRep Sl8ndard0ppI8bkI in UK and Republic of lrnland (Untted ltingdom Generally Accepted Ac<)unbng Practic4). In Quf Opin the finanLaal slatents: gvie • true aYKI tsir vivw of tr slatè of the clwilth curwrfs affaKs as * 31 2022. We thr1ed wr audit in &x))rdance InlenBts¢N41 standa (xy Audikn (UK) (ISAS (UIV) and appficae la. Our responsohths under those standants are further desuibed the Auditor's re5ponwbAhts for the audit of the fironclal statements seGIK)n of our repcrt WÈ e irthpendent of fli[ Slaternts in Ihe UK NKJdKvJ Ihe FRC'S Ethal Stsnd•d. and * have lulfilled w other eth1 re5porBibAitÉes in Ydan wah these requrements. We belwe lh the audtt evKIw we frB¥e omaned is sufficient ar•J apwowth lo provide • b•si% for our ¢oinion. events QT (wdiliorts th, ¥t¥ju ty fAW, m¥y ¢ast SignifKant dwbt on the ClIable L¥Mnpaty$ abilty to Qytb'nue a5 a going fJ)rn¥n fly a pwd Of at least t4btlve monlns from the in the relevant SeCiw of ts retKfft. statements ani1 auditorf5 rewt thereon. The trustees reS&KIb fot the oiher inforrrralion contairRd within tho tjustees rert ChJr on the firrK4al statements ¢J)os not o)vw ihe oth information and. except lo the ex18nt oltwmse expli¢itly stared in our reryt. we do rnt express any fomi of assur4nce c4Jnclusion thereon. Ow TwrbItY is to read tlie other intrmation and, in doing knoedge obtsingj in ojurse of audit ly otheTW ¥ppoars to b? rnalerially mk%ststed. If we hether thrs gves rise to a malwd mtsslatem8nt in the fmarial sM8ments lknselves. If. based on theWOrk have wfomd, vCOnclUde Itetthtre isa rlotwial msstatemenlofthisother tnfomialion, are rewved to thaita¢t. We have FK>thiry to f0rAl in Ihi5 regwd. 12
IN£>EPENL)ENT AUWOR'S REPORT TO THE MEk18ERS OF.. FOR THEYEAR END 3111 MARCH 2022 In our opinion. baged on wc¥k undken Kn tr cawse of Ihe audtr. the information given in the tnJsi W (rnJrwrati Ihe ¢Ywectors' report) for Ihe financial 8r¥J In Ihe lighl ofthe knowledgeand clfvdwtsbkncomparyand its erNimnmerrtobtalned 2tM16 requins lo report to rf. in owopinicfft: comwanies. regime and take advantage of the smaH a)mpanw' exenylS in preparing the Asexpjained morefvuy in the trwslees. re¥$brtS 818lerwl setwt on pagexxx. the trustees iwho ore also Ihe dwect¢rs of Ihe chawilth company for purposes of Ixmpany l¥) are responsible the preparallon of the ststemerts and fry b9 satsfd tlpt Ihty a In and fair vi. and for such intwnalo)rLtro) as thetrusteesdètermine is ne¢esWtOenab the wepaTatw Offjnalol company's ability to conknue as a goiTrJ ¢Oft(. O$¢k)si. as 3ppffic rrotters related Io going rwn and usiftg th8 9)ing concem basi of acLwntiryJ unless Ihe Injsfees ether intend to liqurdate arelree from matenal misstatemenL eller due fraud or eror. and to issue an auditorfs th81 irdeS our Opirrion. Reasonable assur r& a hah level of assurwu. l¥Jl is not a guarantee Ihat . an audit ¢))ndud in wilh ISAS {UK) aw detttt a rnaterr misslaternt when exists. Misstatements •ise from frwd eryrwd •e material rf, 1ndNtha1 or In 899re9ate. they o>Jd reasonably be ex4) to irtlum the ec¥nO dectsl)ns usws taken on the ba5i% ofthe5e finanaai slalwnen 13
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF.. SOBUS FOR THE YEAR EIED 31 MARCH 2022 Irregularilies, irtgudir#J frajd. Th)nllaThpliarte •th Im •KI reW)ns. We desrgn ocedures in liie th our resp[lIeS. outtined at¥we. to de1 Mattr misstatements in resped Irregularities, iTrJudingfTrud ks delaknl beby. lilgabon or dalms and the i(L?on ol non-complianc wrth aThl Tegulahon$. ljuslrnenls for apwowIate wtiethef ts judgements made in making y s¥Jnificant transxkn that UW5u Lv tyjtside the normal tsjursè of bu$iness. Berause of Ihe inherent limila1j ( an Ifwt is a Ftsk that wp WAI not detect ai inegulwltres, InoJding those leading to 8 mi8stalW the firth>al $ements or Don41mPIonca wth regulation. Thks risk intTrases the more that pIlanc with a knv or fegulati)n Ys MOved from th8 of instsnces of no[bup$rarts. Tho 15 aso geattr regardry irregularitw ocawrry due to fraud misreweSentatn. 3 of Part 16 of Ihe Comparitt Acl 2(116. £ audil Tvork has been urKlwith so that mi9ht stalè haritable company's ftwmbers IIKse matters wè are requir•1 lo stste to them in an auditors and for no othw purFW. To ts fulw èxtsnt wnilled by law. do nol aceept or assume 'brtty to anyor oth¥ than chari12ble and tr* c4wy's mwTrbers as JOrs FCA (Sentor St31ut(My ALw<y) For on behalf of MyN$ Smith Chartered Ac¢tyntsAts and SLibJlory AuthM5 &Jtton. Surrey SM148W 14
Sobus ststenient of finaneial activities For thè year ended 31 March 2022 20r2 Total 2021 TXal unTr5Et0 Reslrfcled Incorne from.. Oonahon5 and lega¢Rs 20.421 141fAIO 162.921 149,9C6 Charitsbte BctNilies 25.450 25.4SO 28.C 0th8rtrkdiny &clNrti8s InvesfvTrt trrne 235.821 235.821 194.962 15 Tolal Income 2.250 167 424.200 370.883 ExFenditure on: Charli able activttie5 Other Irading aclivilk5 TotalexpenditYff¢ 150.501 259.413 172.409 259.330 2S9.433 269.433 405.934 431,739 Nel In¢orne I18xp•nditur•l b•lor• n 13.1831 17.449 14.268 160.8S61 Ng1 mov•m•nt In lunds {3.1831 17.449 14, (60.6561 R•¢on¢lliativn offvnds: Tolal fvnd5 bfought lorvrdrd Total funds carrid forwanl 1.523.514 2.801 1.526.315 1.S87.171 1.520.331 20,250 1,$40.S81 1.526.315 l oflht abov¢ resuts are derived Irom kn¥S. There were no other cOgnIsl gain8 or10sw gtherthan tho¥e Ated The attaGhe& notes fomi part of these finarJaI statemerrts. PèBe 15
Jlarce Si%eet Asat31 ? arch 2022 2022 2022 2021 2021 Notè Fixed assets: Tangle assets Cuv8nt assets: Debiors Cash at bank Énd in hand 11 1J28J08 1.530.3È4 12 29,611 58.687 88,298 32,288 35.259 LIableS. CrÉdilJFS." 3mounts falling wlhI7 one >ar 13 6,0251 71,6161 Net cyrrent assets l {IlabilrUesl 72,273 14.0691 Total net 355e15 1 Iliabiltttesl 1,S40.S81 1,526.315 Fund¥ RE511icled funds Untestricted funds.. General fvnds Other Funds - Buiklin9 Total vnreilricled funas 20250 2,801 17.9771 1.528.308 16.8701 1.530.3B4 1.52D,331 1.523.51 Totol lunds 15 1.540.501 1.S26.315 The financial 5t8iement5 hsve been pPared ni actord2neè the S$31 PrDw$$ for srnaH companies under Part15 01 Ihe CompanEs Act 2(X)S. APprJe(l try the trusiees on and si9ned on their behalf by.. 2022 Monty Gri99 Chair of Tnjst Company regisl¥ation no. 03471416 The alached noteo fonn pwt of financial staternènts. Page 16
S9bus Traotes to the finanrial statem817ts or the year elided 31 March 2022 1 A¢countin9 wlicies Ba51s of preparation The financial Statements have been prepared n ar£ordanc¢ Accourtti and Reporfing by Chariues.. Statement of Recommended Practts appticable to chartFes prering their accoun15 in accordance wth the Fioancial Reporbng Standard applicabb in the UK and RtspUbl of Irelaryd IFRS 1021- {Charib'es SORP FRS 102} and tha COMF Act2CQ6. The charitstAe company meets ts defrJrtKJn ol a Pub[ beneht under FRS 102. Assets aTrd liabilities are inrtially recx)gnr6ed * historic 5t or trans&tthi val unless tillWe $taW in the relevantaccounb.ng poltcy or note. The charitable ¢ornpaay is exempted from prekw7bi9 a G%sh Ik)w 5tstanent de lo exemption avaÈlatle to charities swth income of less thaft t500.000. Going eoncem trustees consid?r Ihat the are no material vncertainties 8bout the chantable coMnYS ability lo continue as a going ca)rtcern. The INslees do nor CryKsNJer thal Ilwe are any 5gurGes of eslimatson Ltncertainty * the reporting date that have a 5wJr,rfJcanl risk of causiig a malerFal &5jvstrnel to the ¢arn9 amounts of assets and li8ly1itS the next fEW)rti1¥3 peftryl. Incornè lrtome 15 rvrsnised the charity ha5 w)tstlemenl to the 8ny performan conds15 allached ihe income have mel il is probalk that the incom• be receryed atKI that the mwnl Gan ts measur8iJ ieliaNy. EnatiO$ of 9ift5. serv4ces and facilili8S Donatetl professnal seNlces and donatso laciltli95 are a$ iome when the charity has control over the rtem or received the s8rvice, any condilKJns assctkd wh Ihe donatitsn have bee meL the receipl of econorn benefrt from the use by charity of the item is pfobable and that ewnorn benefit can be measured Kefsabty.Vo3unteer twne is not re(tigrtsJ so reler to the trustees. nual repurt lor rn0 informaiion about Ihew ¢tritlm. On (ecelpt. donated gffts, Fwofe55ional swvKe5 arKI ¢Jooaled facilthes e we(YyJni5ed on the of the value of the gift lo the charity th.ch is th6 arf¥)unl the charity WOU Fove teen vAllitvd to pay to obtain seryice5 Dr knlibes ol equivaknt economic Iwerrt tile open maket a wrresponcling amounl 15 then recogni5ed in expenditure sn the wM)d of receipL Interegt reVable Interest on furKls held on dep1 is included vth¢n receable 8nd Ihe amCnt ¢an be measUd reliatly by the charitr, ihis Trs norm81ty ol the eles1 paul or P3yBble ty the bank Fund aeeountlng Unrestred funds are availab io SFend on aclivilies tt* futther any of Ihe p)JrF¥)ses of ¢hanty. Qestgnated lund3 are unrestricled funds ol the tharity which the tftjstees have dechled at Ihe discretion to set aside to use for a specffic purpose. ReStted funds we donatson5 whh the donor has pe¢ified are kn be Sole used for parkulai area5 01 the chaws w)rt for spe0r PleC1S L'n9 undertaken by the charity. Page 17
Sobus Motes to thp firianrial <tatemer•t< For the year ended 31 PAarch 2022 OpèratÉrtg l•as•s Rental char9¢s are ¢harged on a stravJhl h'ne basss over the tem otth8 Ip95e. Accountin9 policies {continuedl ExndItre and Irrecov•rablo VAT ExpenditiJre is fecognised once there 1$ a legal or conslnKtive to rnake ¥ payrrtent io a third P8rty, il Is probable that setuement will be requwed and the amouni ot the rt)fKJab"on can te rneasured ieliabty. ExpendiliJ."e Is classified under the toUtywiTrJ activity heath"rtrJs.' Costs of faising funds comprise of trèjiro costs and the costs inwrred ty the charitable company in indueAng th¥d poths to make voluntsry conlrityJlK)ns to 1¢ a5 %11 as the cost ol any aCtive5 th e fvndraksin9 purpose. • Expendrture on Charrtab aciwites ie$ the eosls ol delsverry seryke5 undetrdkan to furthaf the purFoses of the charty ¥n¢J Ihi assocrated su?Frf ¢OSts. Other expenditu represents those items not falling In any oth# I1ng. IrcoVerab VAT Is char9ed as a cost agalnst the activity for whth the e>PeTrJItu vras fftcurrod. Allotatlon of support costs Support costs are th05e fvncl5 thal as5i5t the of the tharty do Trjt Olreclty undertske charitable activibe5. Supwrt costs indtmje bxk office )Sts, •re, rSOnnel, payro]1 ond governance costs which support Ihe £harity and its and acti¥5lies. These costs have tten aUCle betsveen cosl ol r3tsirwJ fi5nds and expenthiufe on charitatAe activitie5. The tBses on whh 5UPFQrt costs have beeo albcated are sel out in note 7. Tanglble fFxet1 ass•ts Items of equipment are capitalised Whe Ihe pureltase ex¢ee%ls £SJO. DePre¢tn is provnled al rates calculated to wirte down ihe cost of each assel to its esl'rnated reglU vahje over its expected usefiJl life. The depreaa4on rate5 in ule are as foyW5. Land arHI t>uiklings FTrxwres and rrtD"ngs 25% strayht line Computer equiprnent 33.33% straight line 8usldings are nol depwa¢ed a5. in thg opinx)n of ihe Sobus rtuslee& Ihe wopefty WIH appreerate (Jue t¢ thè London property market Although this treatrnent ts cthntrary to the Ccmpans Act 2[ whKh states that fixed assets should be deprecF8ted this is. in the OS the tnjstw. rEce55ary order to give a tnje and fBiT view of the as$efs twe wdluè. Sobus wiu revaluethaassets al least every S years subpcl lo aflordabilty. D8btors Trade and other debtors are ¢05n15éd al thè settlement amounl du2afteraThy trnde discount offer8d. Prèpaymènls e valuéd at the amount preFoi¢Y net of any trade discots due. Cash at bank and in h3nd Casm al barsk and cash in hand tncludes cash and short tern hvJhty 4uld vive$trnents wth a thort maturty of three months or less from the date of acqu15.00 or opening of thè deposit Of 6imslar Creititofs and prnvisions Credsttirs and provlsions ara fecogntsed where IhÈ ehar(ty ha5 a presertoWiyaion resulting from a past event that will probably resur( in the iransfer ef fvnds.to a thlre pety aThJ tt* amounfr duo tc¢ satue the otliga)"on can be wlea5ud or estimated lIaty.credltOrs aThJ provsi$ a nomalty reco9nised at Iheir setuement gmounl 8fter #Uowift9 lor any trade discounts du8. Pa8E 18
Sot)us Notes to the financ431 statements For the year ended 31 Aqarvh 2022 2 D•tsiled ¢ornparatl¥es lor th• stat¢m•nt of fiNn¢ial a1¥1ti•5 2021 Restrittted 2021 Totsl Unresict8J Incomè from: DonatnS antt kgacies 19.W6 130.000 I49,6 Charitable aCiAle5 Other ch8rttaU8 acts"¥ths Investments Total Iorne 26.000 26,CQO 194.962 15 370.883 194.962 15 214.883 156,000 Exp•ndltur• on: Charrtablg aciivjtios Olher charitable activities 172,409 172,409 259.330 259.33 Total tsxynditvrg 259.330 172,409 431.739 Net Incom¢ l expendture 144.447) 116.409) 160.8561 Transfers funds Nel movement In funds {44.447} 116.4091 180.8561 Total 9b1 fowward Totsl lund5 Caled forward 1.567,1 1.523.514 19,210 1.$87.171 2.801 1.528,31S 3 Income from doftation$ and legacies 2022 Total 2021 Totsl untrithd Restrkte I>)natn$ and gran 20.421 20.421 142.5QX) 142.5C(I 162.921 162,921 149.906 149.906 Page 19
Sobus Notes to the financial statements Foi the yeai ended 31 March 2022 4 Income from c11¢•ble a¢tfvfties 2021 TIAal untrICted Restrided Totsl Building Capaclty CCG West London Health Partner5hp Dr Etlwards & 8ishop lfj.ngs Hammersmith Llnited Charities (HUC) Tolal for Bulkling Capaclty 20.OC#) 6.000 1QCOJ 15.450 24450 10.000 15.450 26A6ri 26.000 Totsl In¢omt from charitable actiYftie8 25,450 25,450 26.000 5 In¢om¢ from Oih•rtrading a¢iivitse 22 Total 2021 Total UnrestrKtsd Re5Mded LenseeS Room hir* and othaf oifts Serws North End Roa(1 ren 141.142 54.679 141,142 140.507 14,455 40.OCYJ 194.962 235,821 235,821 In¢¢me trom olher Iradtiig th.lies udeS renlal irwme Ne frcm a)mmerrial organiSafts. 6 In¢om from inv¢$lments 2022 Totsl 2021 Total UDrnstr¢d ResbKled Bank interest 15 15 Pa8e 20
Stibus Notes io ttriP financial statMentS For the -ear ended 31 Match 2022 7 Analysis of oxp•nditure Currenl y¢ar Charitabl8 Olhor trading Sw>port Activittgs COBb. 2022 Total 2W21 Total Strff costs Other staff cost Pioiect delerySta Premises costs Marketing & Prornothon Office & Admin Audil la• 74.754 93.353 45 83.560 251.667 254.916 294 17,4CIO 66.986 6.659 82.734 2,750 11.OYJ 11,000 65,716 8.185 62.021 61.283 240 34,803 5.349 Z596 27.218 80.103 189.724 140.107 409.934 431.739 Support costs 59.397 80.710 1140.1071 Totsl •xpgndlturo 139,500 270.434 409.934 431,739 Oi the toial ¢xpendilur¢. £259.433 was unrestsKied12021.. £259.3301 aThJ £1SJ.501 was reSted1202l.. £772.409}. Analysis ol expenditure PFior year Charitsble Other trading 202t Tolal 2020 Tol stalf costs Oller stslf cost Project del+very cosls Prernises c05ts F*eting & Promolton offi & Admin Aud+t fee 81,833 78.495 254.916 294 17.400 66,986 6.659 82 734 2.750 280.348 1,983 7,849 84,184 6.116 78.481 3.917 17,000 4(Kl 12.ae6 2.154 35.765 2.7 54.10) 46.5$9 103,338 195.657 132.744 431.739 481,479 Support ¢05ts 69.071 63.e73 1132.744) Total expervjrtute 172.409 259.330 431.739 461,479 Page 21
Sob$ Note5 to the financtal ststsinents Fer Ilje yeaf ended 31 Nlarch 2022 a Il•1 In¢(wn•llxpnthiw•l forth•y TINS iswed afrCha i(u•JWF. 2D22 Oepreciation iitofs onunw 12.893 Z8SQ 2.7YJ 9 ANtysis olllr0515. r•mw•ratiott ondtAptsiises. ¢0st olknymanagWThMtPW50nn 2022 20 andwages SousauJrity costs 22Z.M5 16,877 11,17S 251.667 16,Str3 11.•)3 254.916 The thar5ty INSI5&1B Ivjl pa¢ ot fKd¥ed &y ¢WDefft5 ** Tn& in b)e yw12021: £nll neithoi Tr¥nbyrwJ gw&e& dutkng t• >ar 12Wd1: Pla th•rty pwn•rt PJr pThkn%on*i0rother¥elw supthd Io lh• th3rityPY21.. £. $iaff numbe15 2D22 2021 10 10 10 T&¥ellon purpo¥os. Page 11
Sobiis ¥otes to thE finan¢ial staternents For th• ygar endad 31 March 2022 11 ran01•f44UXts Fi•rylK+J CrP s¥wty ak1 fth95 04uen1 Al Iho514rtoftho year Atth&W ye•r I6£ 91.xjl $4.444 2.710.74S 1J10 1.310 55.75• 1752.0$5 94.101 DgproclaU¢Jr¥ and wnpakTrwil Atthest•rtof ye¥ l.D77.£ 63.607 1220.J60 3.387 2.392 htthe qnd oftryear N¥tl)ookW¥ 1,$25.ot 2.216 1,628,30B AtthEWrtvfthe 152&C(j 1,$20.384 Fh0j proylty the 20 Rood •bJ 363 NDth E•d Ro•1 dl¥ted to Fcpr Lwdan Borcvgh of +lmrsmth and Fuham Pknd endert 31.0172 IK the 8mOmt d E1.030,LW f395.¢)YJ r¢sperb'bTty. Futhard84kwenicostsofthe cc4nr0d aMJntofÈ1.177M O)nt&e•J. l¢Ytho •bwe g5Geb ore used pww84S. 12 O•btOFts 2021 Tfadedebtys Preprnts 12.613 le.Q76 922 29.611 11.320 32.286 13 ¢F¢olttyB". amoun16 fthTr8 thJothin yw 20 Ttsde rrn¢ftors Ya¥aibn and5 Okn¥cTothlDts 31.120 6.732 6.624 17,n9 11970 76.075 17.814 6.Q16 2.655 15.950 9.181 71.816 Dèfer6 Incomo Oelerrnd In¢arn• 8818n¢e 8llho begAinIThJoflp unt(kferrYd year Junt releaJ&atr income ui thè year •nc• •nd oftMy•3r 2#.181 11970 29.101 122.6341 29.781 11970 P2Bc 23
so8 Nole5 to tlie firiancial statements %orthÉ+ year ended 31 IAafch 2022 14 ArlY5 of nEta$30ts bvh•rt 145r Curtentyear Gpnèrai Tpial TangiNe frd aEgets NRlcurrenl &5se M4la5S•ts 8tth•W ofth• yev 1.528.306 1.52¥308 12.273 al.2 ar assets NeluJir2nla55ets lel a8ts al Vjeend LrfV year 1.$30.384 16.8701 1.522.514 2.801 2.801 1.$26.315 15 Movemonts bn lund CurTentyear Aithe •nd or th? y¢ar $r¥rtol R¢Tl¢tr frJtS'. L8HF S8L%or Irwosbrnnt Fund Hamm6rsmlth UftTrted Chae£S rKE(traS 8 8Wop Ws corn0¥ CLC We81 l+)ndon P8Jln•rsh Llm 110.(KX) 15.45 io.( io.( 110.trjo 8.750 19.COO 10.&11 11.Ci)O 11.5th) Tvtsl wtrl¢¢edlunds 2,1 167.95 15OA Umrestsl¢t•dfttn¢s rFthids. 8iykn9 1.$30.384 2.orfj L528 Gen•yal 14*ds 16.8701 2577 (7.971) .51 Tot41 fijnds Pa8¢ 24
Sobus N95 toth¥ finan¢lal slatem¢nts Forthè yearènded 31 March 2022 Tryr¥ ofth8>wr IBHF 3fd Soc¢•r ITSltF HammÈ¥srrkn Unl(•d Ch¥it Edward$ & Btshop Kknua 110.LIXI 110.QJO 75CI CCG 20.CKNI WostLgrth Pathe15 Lbntsj 19.210 15AIXKI 1T2. 2.801 l.Y3277 GeluTh 214.883 21&437 Tewfur donalin5frryn i•Lryknd paTi*#. 25