| 2.1 State |
2.1 State |
ment on Risk |
ment on Risk |
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|---|---|---|---|---|---|---|---|---|
| The Trustees | have examined | the | major strategic and operational risks and confirm that systems |
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| have been | established | so that | the | necessary | steps can be taken to control these risks. | The main | ||
| risks for this | financial | year and | the | mitigation | plans are as follows: | |||
| Si nificant | risk | Miti ation | ||||||
| Significant | reduction | in fundraising | and | loss of | Continue to develop fundraising opportunities |
to | ||
| room hire income | increase and diversify sources offunding. | |||||||
| Loss ofcore | funding. | Seek funding for an income generation specialist |
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| to develop commercial and sponsorship income. |
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| Use new locations in Kensington and Chelsea |
to | |||||||
| increase potential pool oftrust funders with |
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| geographical ciiteria. |
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| Develop individual giving strategy to increase |
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| levels of donations. | ||||||||
| Actively market room hire, playground hire and |
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| other facilities; ensure total Covid compliance | to | |||||||
| ensure rooms are safely available for hire. |
| Tr | ustees' | Rep | ort for the | year ended 31"March 2022 | ||
|---|---|---|---|---|---|---|
| Safeguarding | risk | of | children | and | vulnerable | Policies and procedures in place; staff and |
| adults | volunteers ail have enhanced DBSclearance; |
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| safer recruitment practices embedded; staff and |
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| volunteers trained to spot issues and to deal |
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| with disclosure; regular physical health and |
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| safety checks ofthe buildings and piaygrounds. |
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| All trustees complete an enhanced DBSfor safe |
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| ractice. |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| Income from: | E | E | E | |||||
| Donations and |
||||||||
| legacies | 2 | 155,824 | 155,824 | 218,253 | 218,253 | |||
| Other trading | ||||||||
| activities | 3 | 46,071 | 46,071 | 22,266 | 22,266 | |||
| Charitable Activities |
2 | 830,337 | 830,337 | 660,555 | 660,555 | |||
| Bank Interest | 3 | g | 9 | |||||
| Total | 201,898 | 830,337 | 1,032,235 | 240,528 | 660,555 | 901,083 | ||
| Expenditure on: | ||||||||
| Charitable Activities |
4,5 | 121,396 | 833,558 | 954,954 | 130393 | 578,630 | 709,023 | |
| Total | 121,396 | 833,558 | 954,954 | 130,393 | 578,630 | 709,023 | ||
| Net Income/ | ||||||||
| (Expenditure) | 80,502 | (3,221) | 77,281 | 110,135 | 81,925 | 192,060 | ||
| Reconciliation | of | |||||||
| Funds: | ||||||||
| Funds brought | ||||||||
| forward | 134,115 | 95,154 | 229,269 | 23,980 | 13,229 | 37,209 | ||
| Funds carried forward |
f214,617 | 691,933 | 6306,550 | 6134,115 | 895,154 | 6229,269 |
| Description | Notes | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Cash flows from operating activities: |
6 | 6 | |||
| Net cash provided by (used in) operating activities Cash flows from investing activities: |
1 | 34942 | 214386 | ||
| Interest Purchase ofproperty, plant and equipment Net cash provided by (used) investing activities Change in cash and cash equivalents in the reporting |
3 ~3922 ~3919 |
9 ~5016 5 007 |
|||
| period Cash and cash equivalents at the beginning |
ofthe | 31,023 | 209,379 | ||
| reporting period Cash and cash equivalents at the end |
ofthe | reporting | 256,306 | 46,927 | |
| period | E287329 | 6256 306 | |||
| Notes to Cash flows Statement | |||||
| Note 1.Reconciliation ofnet movement activities |
in funds to net cash | flow from operating | |||
| Description | Notes | 2022 | 2021 | ||
| 6 | 6 | ||||
| Net income/(expenditure) for the period |
reporting | ||||
| (as per the statement offinancial Adjustments for: |
activities) | 77,281 | 192,060 | ||
| Depreciation charges Interest (Increase)/decrease in debtors Decrease/(increase) in creditors Net cash provided by (used in) operating activities |
1 | 5,978 (3) (50,128) 1814 E34942 |
4,481 (9) (13,138) 30992 6214 386 |
||
| Notes 2.Analysis ofcash and cash | equivalents | ||||
| 2022 | 2021 | ||||
| Cash in hand Total cash and cash equivalents |
2 | 287 329 6287 329 |
256 306 E256306 |
| ONATIONS | ||||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Resb icted | 2022 | 2021 | |||
| E | E | E | ||||
| RB Kensington &Chelsea: |
||||||
| Core Funding | 136,292 | 136,292 | 136,292 | |||
| Chikiren Serwces Grant Rashpofnt 8 | ||||||
| Wfltshlm Close aihentum |
fyay | 94,134 | 94,134 | 47,500 | ||
| Children Servkm Grant LiNe Wormwood | ||||||
| Savhs Adventure play |
91,980 | 91,980 | 46,500 | |||
| Childim Services Grant Venture | Centre | 91,094 | 91,094 | 91,094 | ||
| Childish Serwces Grant payment |
forsiavice | |||||
| pmvldedby Venture |
47,000 | |||||
| ftaternfiy Champion project |
60,000 | 60,000 | 60,000 | |||
| 87ckStart Project | 57,916 | 57,916 | ||||
| CommurNy Champion project |
52,539 | 52,539 | 57,113 | |||
| Chikfren Servftes Grant: Venture Ray |
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| Inckakm Workers |
34,286 | 34,286 | ||||
| The Toxin Hall Food Panby pmject | 26,000 | 26,000 | 5,000 | |||
| Children seiwpcs ad'di5maf pmjact | 12,000 | 12,000 | 29jijj | |||
| Volunbuy SectoiSupport Fund | 10,428 | 10,428 | ||||
| Additfonal Resbfctfons Grant | 6,500 | 6,500 | ||||
| Other small grants | 6,646 | 6,646 | 3,830 | |||
| Community Leadership programme |
and | |||||
| Grenfell pmject fund | 11,500 | |||||
| Grenfe(/ recovery pmject funding | 30,130 | |||||
| City Bridge Trust | 49,654 | 49,654 | ||||
| Social Enierpfise fund | 41,000 | 41,000 | 30,000 | |||
| Young KlkC - Lancaster Youth Hub |
39,800 | 39,800 | ||||
| Imperial Health Charity Foodbank |
29,075 | 29,075 | ||||
| Catalyst Housing Group |
21,000 | 21,000 | ||||
| Suez Foundauon | 31,238 | |||||
| The Grove Trust fund | 25,000 | |||||
| WRAP COVID-19 Emergency Granls |
24,956 | |||||
| Kensington &Chelsea Social Council |
46,844 | 46,844 | 21,935 | |||
| The London Communily Foundation |
14,999 | 14,999 | 14,997 | |||
| Kensington and Chelsea Foundation |
12,976 | 12,976 | 67,906 | |||
| Sport England Lottery Fund |
9,996 | 9,996 | ||||
| EPIC CIC | 8,000 | 8,000 | ||||
| Opbvo Trust | 6,340 | 6,340 | ||||
| Good Things Foundation | 5,880 | 5,880 | 9,702 | |||
| Westway projects | 2,500 | 2,500 | ||||
| Other donations | 6,750 | 6,750 | 3,000 | |||
| Martin Lewis Money Saving Expert |
13AIIB | |||||
| Kusurna Trust |
10,000 | |||||
| The Hollick Family Foundation | 5,000 | |||||
| Peabody Community Foundation |
2,875 | |||||
| Local Giving Ltd |
2,000 | |||||
| Thomas School Foundation | 1,650 | |||||
| Coronavirus job Retention Scheme |
income | 11,532 | 11,532 | 48,961 | ||
| TOTAL | E155,824 | E830,337 | 6986,161 | E878,808 |
| Totai | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted f |
Restricted E |
2022 f |
2021 E |
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| Activities | 8c Membership | Fees | 21,313 | 21,313 | 11,451 | ||
| Hall Bookings | 24 758 | 24 758 | 10815 | ||||
| TOTAL | E46,071 | E46,071 | f22,266 | ||||
| NALYSIS | OF CHARITABLE | ACTIVITIES | |||||
| Undertaken | Support | Total | |||||
| Direct | Costs | 2022 | |||||
| E | E | ||||||
| Adventure | Playground | 315,594 | 114,286 | 429,880 | |||
| Education | and Learning | 43,167 | 2,839 | 46,006 | |||
| Community | Services | 354,047 | 90,838 | 444,885 | |||
| Arts and Culture | 32,315 | 1,868 | 34,183 | ||||
| TOTAL | E745,123 | E209,831 | E954,954 | ||||
| Undertaken | Support | Total | |||||
| Direct | Costs | 2021 | |||||
| E | E | f | |||||
| Adventure | Playground | 236,904 | 80,959 | 317,863 | |||
| Education | and Learning | 26,686 | 1,281 | 27,967 | |||
| Community | Services | 278,229 | 79,804 | 358,033 | |||
| Arts and Culture | 4,733 | 427 | 5,160 | ||||
| TOTAL | E546,552 | E162,471 | E709,023 |
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| Furniture | 82 | Furniture 80 |
|||||
|---|---|---|---|---|---|---|---|
| Equipment | Equipment | ||||||
| 2022 | 2021 | ||||||
| Cost | 6 | I | |||||
| 1st April | 18,227 | 199,025 | |||||
| Additions Disposals |
3,922 | 5,016 185814 |
|||||
| 31st March | 22,149 | 18,227 | |||||
| Depreciation | |||||||
| 1st Apdil | 7,335 | 188,668 | |||||
| Charge for the | year | 5,978 | 4,481 | ||||
| Disposals | 185814 | ||||||
| 31st March | 13313 | 7335 | |||||
| Net Book Value 31stMarch | 68,836 | 610,892 | |||||
| 7. | DEBTORS | ||||||
| 2022 | 2021 | ||||||
| 6 | 6 | ||||||
| Prepayments | 2,863 | 2,496 | |||||
| Other | 66162 | 16401 | |||||
| 669,025 | 618,897 | ||||||
| 8. | CREDITORS | ||||||
| Taxation and Social Security | 16,535 | 9,687 | |||||
| Accruals and Deferred Income | 42,105 | 47,139 | |||||
| Grants received | in advance | ||||||
| 658,640 | 656,826 | ||||||
| 9. | RESTRICTED | FUNDS | |||||
| Balance | Resources | Balance | |||||
| b/f | Income | Expended | c/f | ||||
| 01/04/2021 E |
E | f | 31/03/2022 E |
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| Adult Services | 16,174 | 443,920 | 382,693 | 77,401 | |||
| Children's Services |
70 900 | 386417 | 450 865 | 14532 | |||
| 695,154 | 6830,337 | 6833,558 | 691,933 | ||||
| Balance | Resources | Balance | |||||
| b/f 01/04/2019 E |
Income E. |
Expended f |
c/f 31/03/2021 E |
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| Adult Services Children's Services |
13229 | 356,185 304370 |
340,011 238619 |
16,174 70 980 |
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| 613,229 | 6660,555 | 6578,630 | 695,154 |
| MPLOYEE COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| f | f | |
| Salaries and Wages | 489,993 | 377,993 |
| Social Security | 25,875 | 21,274 |
| Pension Costs | 9063 | 9900 |
| 524,931 | 409,167 | |
| Consultancy costs |
67 400 | 69900 |
| Total staff costs | 6992 333 | 6479 067 |
| Full time | 5 | 6 |
| Part time | 20 | 10 |
| MOVEMENT IN TOTAL FUNDS FOR THE YEAR | ||
|---|---|---|
| 2022 | 2021 | |
| f | f | |
| Isstated after charging: | ||
| Depreciation | 5,978 | 4,481 |
| Auditors' remuneration: |
||
| External Audit | 6,245 | 6,407 |