| Page | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Report ofthe Trustees | 2to13 | ||
| Report ofthe independent | Examiner | 14 | |
| Statement of Financial Activities | 15 | ||
| Balance Sheet | 16 | ||
| Cash Flow Statement | 17 | ||
| Notes to the Financial Statements | 18to 29 | ||
| Detailed Income and Expenditure | Account | 31 to 32 |
| FOR THE YEAR | ENDED 31 MARCH | 2023 | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| INCOME | Notes | |||||
| Income and endowments Donations and legacies |
from: | 25,959 | 25,959 | 19,531 | ||
| Income from charitable | activities: | |||||
| Grants | 58,292 | 187,274 | 245,566 | 117,516 | ||
| Charitable Activities |
11,960 | 11,960 | 8,005 | |||
| Contracted services |
219,637 | 219,637 | 144,785 | |||
| Other trading activities: |
||||||
| Fundraising and events |
1,459 | 1,459 | 1,502 | |||
| investment income |
2,308 | 2,308 | 82 | |||
| Total Income | 319,615 | 187,274 | 506,889 | 291,421 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 475 | 475 | 680 | |||
| Charitable activities: Charity Activities |
316,421 | 120,147 | 436,568 | 353,033 | ||
| Total expenditure | 316,896 | 120,147 | 437,043 | 353,713 | ||
| NET Income/(expenditure) | before transfers | 2,719 | 67,127 | 69,846 | (62,292) | |
| Transfers between funds |
||||||
| NET income/(expenditure) | after transfers | 2,719 | 67,127 | 69,846 | (62,292) | |
| RECONCILIATION OF FUNDS |
19 | |||||
| Total funds brought forward | 496,117 | 20,197 | 516,314 | 578,606 | ||
| TOTAL FUNDS CARRIED FORWARD | 498,836 | 87,324 | 586,160 | 516,314 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| FIXED ASSETS | Notes | Fundsf | Fundsf | Funds | Funds | |
| Tangible assets | 15 | 51,397 | 7,390 | 58,787 | 51,826 | |
| Investments | 16 | 25,000 | 25,000 | 25,000 | ||
| 76,397 | 7,390 | 83,787 | 76,826 | |||
| CURRENT ASSETS | ||||||
| Stocks | 633 | 633 | 633 | |||
| Debtors: amounts | falling due within one | |||||
| year | 17 | 23,237 | 26,347 | 49,584 | 31,201 | |
| Cash at bank and in hand | 364,785 | 103,394 | 468,179 | 420,183 | ||
| 388,655 | 129,741 | 518,396 | 452,017 | |||
| LIABILITIES | ||||||
| Creditors: Amounts | falling due within one | 18 | ||||
| year | (10,882) | (5,141) | (16,023) | (12,529) | ||
| NET CURRENT ASSETS | 377,773 | 124,600 | 502,373 | 439,488 | ||
| NET ASSETS | 6454,170 | E'131,990 | 6586,160 | 6516,314 | ||
| TOTAL FUNDS OF | THE CHARITY | |||||
| Unrestricted Funds |
19 | 498,836 | 496,117 | |||
| Restricted Funds |
19 | 87,324 | 20,197 | |||
| TOTAL FUNDS | 1586,160 | 6516,314 |
| CASHFLOW STA | TEMENT F | OR | THE YEAR E | NDED | 31 MARCH 202 | 3 | |
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Cashflows from Operating |
Activities | ||||||
| Net Cash Provided by Operating Activities (see note |
below) | f47,996 | (E'58,911) | ||||
| Change in Cash and Cash |
Equivalents | in | the Reporting Period |
47,996 | (58,911) | ||
| Cash and Cash Equivalents | at Beginning | ofthe Reporting | Period | ||||
| 420,183 | 479,094 | ||||||
| Cash and Cash Equivalents | at End of | the | Reporting | Period | 6468,179 | 6420,183 | |
| Reconciliation of Net Income/Expenditure |
to Net Cashf low from | ||||||
| Operating Activities |
|||||||
| Net income/(Expenditure) | for the Reporting Period |
(per Statement of | |||||
| Financial Activities) | 69,846 | (62,292) | |||||
| Depreciation | 4,125 | 2,524 | |||||
| (increase) in Debtors |
(18,383) | 904 | |||||
| Increase in Creditors |
3,494 | (47) | |||||
| Purchase of Fixed Assets |
(11,086) | ||||||
| Net Cash Provided by Operating Activities |
647,996 | (58,911) | |||||
| Analysis of Cash and Cash |
Equivalents | ||||||
| Cash at Bank | E468,179 | 6420,183 |
| 3. INCOME RESOURCES |
3. INCOME RESOURCES |
3. INCOME RESOURCES |
3. INCOME RESOURCES |
FROM CHARITABLE ACTIVITIES | FROM CHARITABLE ACTIVITIES | FROM CHARITABLE ACTIVITIES | FROM CHARITABLE ACTIVITIES | FROM CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Activity | 2023f | 2022f | |||||||||
| Grants | Grants | 245,566 | 117,516 | ||||||||
| Activities income | Charitable | Activities | 257 | ||||||||
| Fees received | Charitable | Activities | 4,156 | ||||||||
| Catering income |
Charitable | Activities | 1,130 | 1,220 | |||||||
| Hall Hire | Charitable | Activities | 4,354 | 4,122 | |||||||
| Members club sales |
Charitable | Activities | 967 | 1,210 | |||||||
| Other income | Charitable | Activities | 218 | 286 | |||||||
| Resales | Charitable | Activities | 229 | ||||||||
| Transport charges |
Charitable | Activities | 878 | 938 | |||||||
| Access to Work | Contracted | Services | 41,497 | 38,124 | |||||||
| Maintenance of LBM register |
Contracted | Services | 1,292 | 1,254 | |||||||
| Merton Clinical Commissioning | Group (CCG) | Contracted | Services | 2,684 | 2,184 | ||||||
| Moorfields Eye Hospital |
NHS | Foundation | Trust | Contracted | Services | 21,869 | 23,857 | ||||
| Rehabilitation Charges |
Contracted | Services | 128,239 | 79,366 | |||||||
| PHP Primary care | Contracted | Services | 24,056 | ||||||||
| 477,163 | 270,306 | ||||||||||
| Grants received, included | in | the | above, are | as follows: | |||||||
| 2023f | 2022f | ||||||||||
| London Borough of Merton | 54,715 | 59,429 | |||||||||
| Merton Connect IT (restricted |
grant) | 9,915 | |||||||||
| Merton Connect Work | with | Children | 469 | 2,000 | |||||||
| Wimbledon Foundation |
(restricted grant) | 25,000 | 25,000 | ||||||||
| Wimbledon Foundation |
Child | Fund (restricted | grant) | 5,000 | |||||||
| The National Lottery Community |
Fund (restricted grant) | 10,000 | 9,940 | ||||||||
| Merton Connect Vaccination | Championships | 2,500 | |||||||||
| HMRC Furlough Grants |
5,039 | ||||||||||
| DWP - Access to Work | (restricted | grant) | 18,259 | 1 123 | |||||||
| Other Small Grants | 108 | 70 | |||||||||
| NHS South West London | 500 | ||||||||||
| Big Lottery (restricted | grant) | 129,665 | |||||||||
| Everyone Health (restricted |
grant) | 4,350 | |||||||||
| 245,566 | 117,516 | ||||||||||
| 4. FUNDRAISING |
AND | EVENTS | 2023f | 2022f | |||||||
| Fundraising events |
580 | ||||||||||
| MVAB Lottery | 168 | 286 | |||||||||
| 100Club | 468 | 636 | |||||||||
| Quiz Night | 823 | ||||||||||
| 1,459 | 1,502 |
| 5. | INVESTMENT INCOME | 2023 | 2022 |
|---|---|---|---|
| Deposit | account interest | 1,938 | 48 |
| Investment income |
370 | 34 | |
| 2,308 | 82 |
| All ofthe Charity's | investment | investment | income off2,308(2022:f82) arises from money | income off2,308(2022:f82) arises from money | income off2,308(2022:f82) arises from money | held | in interest | bearing |
|---|---|---|---|---|---|---|---|---|
| deposit accounts and is | unrestricted. | |||||||
| 6. RAISING FUNDS |
COSTS | 2023 | 2022 | |||||
| Publicity and fundraising | cost | 70 | 70 | |||||
| 100club prizes | 405 | 610 | ||||||
| 475 | 680 | |||||||
| 7. CHARITABLE ACTIVITIES COSTS |
Direct | Governance | 2023 | 2022 | ||||
| costsf | costs | Total | Total | |||||
| Charity Activities |
428,968 | 7,600 | 436,568 | 353,033 | ||||
| TOTAL FUNDS | 428,968 | 7,600 | 436,568 | 353,033 | ||||
| 8. ANALYSIS |
OF DIRECT | COSTS | 2023 | 2022 | ||||
| Unrestricted | Restricted | Totals | Totals | |||||
| Wages and salaries | 255,158 | 110,639 | 365,797 | 280,853 | ||||
| Other staff costs | 2,059 | 1,358 | 3,417 | 3,612 | ||||
| Volunteer expenses | 271 | 108 | 379 | 1,780 | ||||
| Direct project costs | 1,895 | 465 | 2,360 | 7,280 | ||||
| Premises costs | 22,751 | 22,751 | 23,556 | |||||
| Office costs | 26,437 | 7,577 | 34,014 | 28,168 | ||||
| Grants paid to individuals | 250 | 250 | 225 | |||||
| TOTAL FUNDS | 308,821 | 120,147 | 428,968 | 345,474 |
| 9. GOVERNANCE |
COSTS | 2023 | 2022 | |||
| f | f | |||||
| Accountancy | 1,260 | 1,200 | ||||
| HR fees | 2,863 | 2,863 | ||||
| Independent | Examiner | fees | 1,943 | 1,850 | ||
| Legal fees | 13 | 13 | ||||
| Payroll fees | 360 | 432 | ||||
| Subscriptions | and | fees | 1,161 | 1,201 | ||
| 7,600 | 7,559 | |||||
| 10. NET INCOMING/(OUTGOING) |
RESOURCES | |||||
| Net resources | are stated after charging/(crediting): | |||||
| Independent | Examiner's | fees | 1,943 | 1,850 | ||
| Depreciation | -owned assets | 4,125 | 2,524 | |||
| 11. STAFF |
COSTS | |||||
| Gross Wages | 333,937 | 258,220 | ||||
| Employers National |
Insurance | 22,819 | 15,662 | |||
| Pension costs | 9,041 | 6,971 | ||||
| 365,797 | 280,853 |
| he ave llows: |
rage monthly |
nu | mber ofemployees (including casual |
and part time staff) during the year was |
as |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| No | No | ||||
| Senior | Management | Team | 2 | 2 | |
| Other | Direct Charitable | Staff | 11 | 12 | |
| 13 | 14 |
| 5. TAN G I8LE F IXED ASSET |
S | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures and | Motor | Computer | ||||||
| Property | fittingsf | vehicles | equipment | f | Totals | ||||
| COST | |||||||||
| At 1 April 2022 | 108,541 | 37,800 | 27,295 | 79,894 | 253,530 | ||||
| Additions | 11,086 | 11,086 | |||||||
| Disposals | |||||||||
| At 31 March 2023 | 108,541 | 37,800 | 27,295 | 90,980 | 264,616 | ||||
| DEPRECIATION | |||||||||
| At 1 April 2022 | 58,521 | 36,486 | 26,803 | 79,894 | 201,704 | ||||
| Charge for year | 332 | 98 | 3,695 | 4,125 | |||||
| Eliminated on disposal |
|||||||||
| At 31 March 2023 | 58,521 | 36,818 | 26,901 | 83,589 | 205,829 | ||||
| NET BOOK VALUE | |||||||||
| At 31 March 2023 | 50,020 | 982 | 394 | 7,391 | 58,787 | ||||
| At 31 March 2022 | 50,020 | 1,314 | 492 | 51,826 | |||||
| 16. FIXED ASSET INVESTMENTS |
2023 | 2022f | |||||||
| National Savings Income Bonds |
- valued | at cost | 25,000 | 25,000 | |||||
| 17. DEBTORS: AMOUNTS |
FALLING | DUE WITHIN | ONE YEAR | ||||||
| Other debtors R accrued income | 44,397 | 25,625 | |||||||
| Prepayments | 5,187 | 5,576 | |||||||
| 49,584 | 31,201 | ||||||||
| 18. CREDITORS: AMOUNTS |
FALLING DUE WITHIN ONE YEAR | ||||||||
| Trade creditors | 3,024 | 895 | |||||||
| Other creditors | 1,209 | ||||||||
| Accruals | 11,790 | 11,634 | |||||||
| 16,023 | 12,529 |
| 19. MOVEMENT IN FUNDS |
||||||||
|---|---|---|---|---|---|---|---|---|
| Net | Transfers | |||||||
| movement | ln | between | ||||||
| Current Year | At 1/4/22 | funds | funds | At 31/3/23f | ||||
| Unrestricted funds |
||||||||
| General fund | 114,820 | 2,719 | 55,000 | 172,539 | ||||
| Designated - Emily Wells Memorial |
Fund | 51,526 | 51,526 | |||||
| Designated - General Building |
Maintenance | 104,131 | 104,131 | |||||
| Designated - Gym Equipment |
15,000 | 15,000 | ||||||
| Designated - Hall Refurbishment |
10,640 | 10,640 | ||||||
| Designated - High Tech Loan |
Equipment | 15,000 | 15,000 | |||||
| Designated - ITand other Equipment |
45,000 | 45,000 | ||||||
| Designated - Minibus |
55,000 | (55,000) | ||||||
| Designated - Removal Costs |
20,000 | 20,000 | ||||||
| Designated - Resource Room |
Equipment | 15,000 | 15,000 | |||||
| Designated - Social Club Refurbishment |
50,000 | 50,000 | ||||||
| 496,117 | 2,719 | 498,836 | ||||||
| Restricted funds |
||||||||
| Access to Work | 7,390 | 7,390 | ||||||
| Dora and Leslie Barter Conservatory | Fund | 6,250 | 6,250 | |||||
| Hearing Impaired Children |
454 | 454 | ||||||
| Wimbledon Foundation |
10,828 | 3,339 | 14,167 | |||||
| Wimbledon Foundation-Child |
activities | 687 | (687) | |||||
| Merton Connect IT Project |
1,978 | (1,978) | ||||||
| Everyone Health |
4,080 | 4,080 | ||||||
| National Lottery Community |
Fund | 10,000 | 10,000 | |||||
| Big Lottery | 44,983 | 44,983 | ||||||
| 20,197 | 67,127 | 87,324 | ||||||
| TOTAL FUNDS | 516,314 | 69,846 | 586,160 | |||||
| Net movement in funds, included |
in | the above | are as follows: | |||||
| Incoming | Resources | Movement ln |
||||||
| Unrestricted funds |
Resources | Expended | Fundsf | |||||
| General fund | 319,615 | (316,896) | 2,719 | |||||
| 319,615 | (316,896) | 2,719 | ||||||
| Restricted funds | ||||||||
| Access to Work | 18,259 | (10,869) | 7,390 | |||||
| Wimbledon Foundation |
25,000 | (21,661) | 3,339 | |||||
| Wimbledon Foundation-Child |
activities | (687) | (687) | |||||
| Merton Connected IT Project |
(1,978) | (1,978) | ||||||
| Everyone Health |
4,350 | (270) | 4,080 | |||||
| National Lottery Community |
Fund | 10,000 | 10,000 | |||||
| Big Lottery | 129,665 | (84,682) | 44,983 | |||||
| 187,274 | (120,147) | 67,127 | ||||||
| TOTAL FUNDS | 506,889 | (437,043) | 69,846 |
| 19. MOV |
EMENT IN F |
UNDS | co | ntin | ued | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Comparative | Year | Net | Transfers | |||||||
| movement | ln | between | ||||||||
| At 1/4/21 | fundsf | funds | At 31/3/22 | |||||||
| Unrestricted | funds | |||||||||
| Ceneral fund | 168,530 | (53,710) | 114,820 | |||||||
| Designated | - Emily Wells Memorial | Fund | 51,526 | 51,526 | ||||||
| Designated- | General Building |
Maintenance | 104,131 | 104,131 | ||||||
| Designated | - Gym Equipment | 15,000 | 15,000 | |||||||
| Designated | - Hall Refurbishment | 10,640 | 10,640 | |||||||
| Designated | - High Tech | Loan | Equipment | 15,000 | 15,000 | |||||
| Designated | - ITand other Equipment | 45,000 | 45,000 | |||||||
| Designated | - Minibus | 55,000 | 55,000 | |||||||
| Designated | - Removal Costs | 20,000 | 20,000 | |||||||
| Designated | - Resource Room | Equipment | 15,000 | 15,000 | ||||||
| Designated | - Social Club Refurbishment | 50,000 | 50,000 | |||||||
| 549,827 | (53,710) | 496,117 | ||||||||
| Restricted funds |
||||||||||
| Access to Work | 1,964 | (1,964) | ||||||||
| Dora and Leslie Barter Conservatory | Fund | 6,250 | 6,250 | |||||||
| Hearing Impaired Children |
454 | 454 | ||||||||
| The London | Community | Foundation | 14,461 | (14,461) | ||||||
| Wimbledon | Foundation | 5,650 | 5, | 178 | 10,828 | |||||
| Wimbledon | Fundation-Child | activities | 687 | 687 | ||||||
| Merton Connect IT Project |
1,978 | 1,978 | ||||||||
| 28,779 | (8,582) | 20,197 | ||||||||
| TOTAL FUNDS | 578,606 | (62,292) | 516,314 | |||||||
| Net movement in funds, |
included | in | the above | are as follows: | ||||||
| Incoming | Resources | Movement ln |
||||||||
| Resources | Expended | Funds | ||||||||
| Unrestricted | funds | |||||||||
| Ceneral fund | 250,383 | (304,093) | (53,710) | |||||||
| 250,383 | (304,093) | (53,710) | ||||||||
| Restricted funds | ||||||||||
| Access to Work | 1,123 | (3,087) | (1,964) | |||||||
| Wimbledon | Foundation | 25,000 | (19,822) | 5,178 | ||||||
| Wimbledon | Foundation | —Child | Activities | 5,000 | (4,313) | 687 | ||||
| Merton Connected ITProject |
9,915 | (7,937) | 1,978 | |||||||
| The London | Community | Fundation | (14,461) | (14,461) | ||||||
| 41,038 | (49,620) | (8,582) | ||||||||
| TOTAL FUNDS | 291,421 | (353,713) | (62,292) |
| INCOME | Unrestricted | Restricted | 2022 | |
|---|---|---|---|---|
| Fundsf | Funds | Total Funds | ||
| Income and endowments | from: | |||
| Donations and legacies |
19,531 | 19,531 | ||
| Income from charitable | activities: | |||
| Grants | 76,478 | 41,038 | 117,516 | |
| Charitable Activities |
8,005 | 8,005 | ||
| Contracted services |
144,785 | 144,785 | ||
| Other trading activities: |
||||
| Fundraising and events |
1,502 | 1,502 | ||
| Investment income |
82 | 82 | ||
| Totallncome | 250,383 | 41,038 | 291,421 | |
| EXPENDITURE ON: | ||||
| Raising funds | 680 | 680 | ||
| Charitable activities: |
||||
| Charity Activities |
303,413 | 49,620 | 353,033 | |
| Total expenditure | 304,093 | 49,620 | 353,713 | |
| NET Income/(expenditure) | before transfers | (53,710) | (8,582) | (62,292) |
| NET Income/(expenditure) | after transfers | (53,710) | (8,582) | (62,292) |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| INCOME | ||||||||
| Donations and legacies |
||||||||
| Donations | 20,566 | 13,603 | ||||||
| Contribution | towards accounts | intern | salary | 4,541 | ||||
| Legacies | 5,016 | |||||||
| Membership | 852 | 912 | ||||||
| 25,959 | 19,531 | |||||||
| Fundraising Income |
||||||||
| Fundraising | 823 | 580 | ||||||
| MVAB Lottery | 168 | 286 | ||||||
| 100Club | 468 | 636 | ||||||
| 1,459 | 1,502 | |||||||
| Investment income |
||||||||
| Deposit Account Interest | 1,938 | 48 | ||||||
| Investment Income |
370 | 34 | ||||||
| 2,308 | 82 | |||||||
| Income from | charitable | activities | ||||||
| Grants | 245,566 | 117,516 | ||||||
| Compensation | for avoidable | overheads | incurred | 24,056 | ||||
| Activities Fees |
257 | |||||||
| Fees Received | 4,156 | |||||||
| Catering Income |
1,130 | 1,220 | ||||||
| Hall Hire | 4,354 | 4,122 | ||||||
| Members Club Sales |
967 | 1,210 | ||||||
| Other Income | 218 | 286 | ||||||
| Resales | 229 | |||||||
| Transport Charges |
878 | 938 | ||||||
| Access to work | 41,497 | 38,124 | ||||||
| Maintenance | of LBM register | 1,292 | 1,254 | |||||
| Merton Clinical Commissioning |
Group | (CCG) | 2,684 | 2,184 | ||||
| Moorfields Eye Hospital |
NHS | Foundation | Trust | 21,869 | 23,857 | |||
| Rehabilitation | Charges | 128,239 | 79,366 | |||||
| 477,163 | 270,306 | |||||||
| Total Income | 506,889 | 291,421 |
| FOR THE YEAR | ENDED 31 MARCH 2023 | ||
|---|---|---|---|
| 2023f | 2022 | ||
| EXPENDITURE | |||
| Raising Funds Costs | 70 | 70 | |
| Publicity and fundraising | cost | 405 | 610 |
| 100Club Prizes | |||
| 475 | 680 | ||
| Charitable Activities |
|||
| Wages | 322,995 | 258,220 | |
| Redundancy Pay |
10,942 | ||
| Employer's National Insurance |
22,819 | 15,662 | |
| Pension | 9,041 | 6,971 | |
| Volunteer costs | 155 | 119 | |
| Insurance | 4,725 | 4,489 | |
| Light, heat and water rates | 11,676 | 11,633 | |
| Rates | 1,382 | 1,326 | |
| Telephone | 2,955 | 2,734 | |
| Postage and Stationery | 3,719 | 3,842 | |
| Sundries | 593 | 2,191 | |
| Transport costs | 3,345 | 2,894 | |
| Travel costs | 1,425 | 209 | |
| Office cleaning and materials |
1,678 | 765 | |
| Activity costs | 996 | 6,203 | |
| Catering expenses | 1,344 | 1,137 | |
| Members club purchases |
360 | 987 | |
| Computer and ITcosts |
9,347 | 9,262 | |
| Repairs and maintenance | 4,916 | 8,868 | |
| Access to work equipment | 7,174 | 1 123 | |
| Staff training | 2,389 | 3,374 | |
| Bank charges | 416 | 465 | |
| Resales | 201 | 251 | |
| Grants to individuals | 250 | 225 | |
| Depreciation offixtures and fittings |
4,125 | 2,524 | |
| 428,968 | 345,474 | ||
| Governance costs |
|||
| Accountancy | 1,260 | 1,200 | |
| Independent Examiners fees |
1,943 | 1,850 | |
| HR fees | 2,863 | 2,863 | |
| Lega I fees | 13 | 13 | |
| Payroll Fees | 360 | 432 | |
| Subscriptions and fees |
1,161 | 1,201 | |
| 7,600 | 7,559 | ||
| Total Expenditure | 437,043 | 353,713 | |
| Net Income (expenses) | 69,846 | (62,292) |