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2021-03-31-accounts

SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE (LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

Company Registration Number: 3664056 Charity Registration Number:1080495

SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE (LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

TABLE OF CONTENTS

Page
1 Legal and Administrative Information
2/4 Trustees’ / Directors’ Report
5 Independent Examiners Report
6 Statement of Financial Activities
7 Balance Sheet
8/13 Notes forming part of the Financial Statements

SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE (LIMITED BY GUARANTEE)

STATUTORY INFORMATION

STATUS

The organisation is a charitable company limited by guarantee.

The company was established under a Memorandum of Association that established the objects and powers of the charitable company, and is governed under its Articles of Association.

The objects of the Company are to relieve poverty and distress of homeless families in the Shepherds Bush area of London and to advance public education about all aspects of homelessness.

DIRECTOR/TRUSTEES: Tracy Webb (Chair) Debbie Tseung (Vice & acting chair) Monika Szulak (Treasurer) Alarys Gibson (Secretary) Fred Morgan Mugabi Turya Jessica Campbell Therese Lloyd (resigned 2020) Tamara Yavuz (resigned 2020) REGISTERED OFFICE: 58a Bulwer Street, London, W12 8AP. ACCOUNTANTS: Stuart Edwards & Co Chartered Accountants Kemp House 152-160 City Road LONDON EC1V 2NX BANKERS: H.S.B.C. 21 Kings Mall Kings Street Hammersmith London W6 0QF

SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE (LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

Page 2

The directors present their report together with the financial statements for the year ended 31st March 2021

Objectives and Activities to further the Projects charitable purposes for the Public Benefit:

Shepherds Bush Families Project & Children’s Centre (SBFP&CC) is an independent registered charity and company limited by guarantee. The organisation works with parents-to-be and families with dependent children who are homeless, living in temporary accommodation or experiencing other severe housing hardship such as overcrowding in the London Borough of Hammersmith and Fulham and surrounding areas.

The trustees have complied with the duty in Section 4 of the Charities Act 2006 to have regard to public benefit guidance published by the Charity Commission.

AIMS OF THE ORGANISATION:

Whilst 2020/21 was a challenging year for the organisation, as it was for many, we continued to offer a range of support and services to families. Many of our services were reduced and limited due to the impact of Covid -19, like many we had to close our face-to-face services and moved much of our support online. This included

At this time, thanks to a number of funders offering additional financial support, we were able to offer

Once our services were able to get back to a semblance of normality we once again, albeit at a restricted and reduced level were able to provide;

SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE (LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020

Page 3

Achievements and Performance:

The directors consider the performance of the charity this year has been excellent. The charity, like so many, has been through a period of unpredictability in terms of funding. We had previously secured long-term funds which have seen us through 2020/21. It was due to funders, the local authority and individuals’ faith in SBFP&CC that we have been able to continue to meet the often-complex needs of the families we work with. In addition to our core services, the CEO and staff team have worked hard to support families both 1:1 and through group work, volunteering roles and other activities to assist them into vocational work. with a range of funding applications planned we aim to increase the work SBFP&CC undertakes with families, the CEO & Trustees expect to see further partnership work with other organisations, agencies and local groups in the near future. The details for this year’s funding are set out in Note 3a on page 10 of the accounts.

Future Developments:

As in previous years 2020/21 presented mixed fortunes in our fundraising activities. As an organisation we have identified the need to offer families increased support to move out of the poverty trap so often caused by high rents and low paid jobs. As we move into another year we will also be looking to secure further funds. The CEO & trustees are thinking about how to both build on our core funding routes i.e. grants, as well as bolster our own fundraising abilities which we have tested (through activities such as fundraising and raffles, engaging businesses and company support) this year. We aim to offer an even greater variety of groups and classes that will not only assist parents back into education, vocational training and well paid work, but also those that will strengthen intrafamily relationships and enable families to live healthy lives. We aim to increase services and opening hours to allow us to support parents and families on a greater level. SBFP&CC has previously been in the forefront of campaigning for decent, secure and affordable housing, we hope once again to be able to take up the campaigning mantle.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document:

As a Company Ltd by Guarantee our governing document is the Memorandum and Articles of Association.

Directors and Trustees

All directors of the company are also trustees of the charity, and there are no other trustees. All the trustees named on page 1 served throughout the year except where stated. The Directors have the power to appoint additional trustees as they consider appropriate and continued to search for new trustees with an interest in the charities work and if possible with local connections.

Recruitment & Appointment of Trustees:

We believe that carefully choosing and training trustees will help our Project run more efficiently and effectively. Trustees are appointed on the basis of their perceived ability to contribute to the Project and not for their status and position in the community alone. They have been selected on the basis of their relevant experience and skills and willingness to take an active part in the running of the Project, they must be able and willing to give time to the efficient administration of the Project. Trustees can be users of the Project services if arrangements are made to avoid conflicts of interest such as trustees voting on something from which they will personally and directly benefit. All potential trustees will be made aware of their duties and responsibilities and the amount of commitment involved in being a trustee.

Trustee Induction and Training:

Existing trustees will ensure that new trustees have a clear understanding of the work of the charity and what will be expected of them. All new trustees will be provided with a copy of the Project Governing Document and the latest annual report. Potential trustees will be invited to attend a trustees meeting as an observer. They will be introduced to the existing trustees and will be given the opportunity to ask about the charity’s activities and funding. All new trustees will be given any support, guidance and information they need. All new trustees will be offered training for their general role and any specific task or work they undertake on behalf of the Project.

SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE (LIMITED BY GUARANTEE)

Page: 4

Financial Review

Income during the year to 31[st] March 2021 amounted to £356,099 (2020 £312,722) and expenditure was £303,819 (2020 £313,866) resulting in a surplus of £ 52,280 (2020 Deficit £(1,144)). Net assets at the year-end were £170,628 (2020 £118,348) of which £63,430 (2020 £45,894) related to unrestricted funds and £107,198 (2020 £72,454) to restricted funds.

Reserves Policy

The Charity aims to retain a minimum level of uncommitted unrestricted funds in reserves for the purposes of funding the operation of the Charity when a decision has been made to wind it up; or covering temporary shortfalls in cash flow, providing the Board has confidence in the continued financial viability of the Charity. The target level is determined annually when preparing the annual accounts, and is set at the largest of the estimated costs of winding up the Charity or 2 months’ average expenditure, based on the agreed budget for the current financial year. In 2021/22 this target reserve amount is set at £27,900.

When uncommitted unrestricted funds are below the target level (and the Board has not agreed that reserves should be committed for one of the purposes in the above paragraph) the Charity addresses this by developing a budget and plans which will result in a surplus of unrestricted funds and pursuing opportunities to raise additional unrestricted funds.

When uncommitted unrestricted funds are at or above the target level, any expenditure which would take them below that level must be agreed by the Board and be for one of the purposes in the first paragraph. The levels of reserves should not regularly be above the levels set out in the first paragraph . If this was the case, the CEO should consider alternative means to spend the money to secure value for the users of the charity. This policy is reviewed annually prior to the AGM.

Statement of Directors/Trustees Responsibilities

The trustees (who are also directors of the Shepherds Bush Families Project & Children’s Centre for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANY EXEMPTIONS

This report has been prepared and delivered in accordance with the provisions in Part 15 of Companies Act 2006 applicable to companies subject to the small companies' regime and with the Charities Statement of Recommended Practice (FRS102).

Tracy Webb Chair ………………….. …………….

This report was approved by the board on 20 December 2021 and signed on their behalf.

Page: 5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SHEPHERDS BUSH FAMILIES PROJECT & CHILDREN’S CENTRE

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2021 which are set out on pages 6 to 13.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants (England & Wales). , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Stuart Edwards B.A, A.C.A A member of the Institute of Chartered Accountants (England & Wales). Kemp House 152-160 City Road LONDON EC1V 2NX

Date 21[st] December 2021

Page : 6

SHEPHERDS BUSH FAMILIES PROJECT

& CHILDRENS CENTRE (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE FOR THE YEAR TO 31ST MARCH 2021

& CHILDRENS CENTRE
(LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE
FOR THE YEAR TO 31ST MARCH 2021
Notes
Income from
Investment Income: Bank Interest
Charitable activities
3
TOTAL INCOME
Expenditure on:
Raising Funds
Charitable Activities
3
Total resources expended
4/5
Net income/ (expenditure)
4/5
Transfer between Funds
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
12/13		 2021
2021
2021
Restricted
Unrestricted
Total
Funds
Funds
£
£
£
54
54
251,170
104,875
356,045
251,170
104,929
356,099
-
-
216,426
87,393
303,819
216,426
87,393
303,819
34,744
17,536
52,280
-
72,454
45,894
118,348
107,198
63,430
170,628		 2020
Restricted
Funds
£
252,536		 2020
2020
Unrestricted
Total
Funds
£
£
123
123
60,063
312,599
252,536 60,186
312,722
250,428 -
-
63,438
313,866
250,428 63,438
313,866
2,108
70,346		 (3,252)
(1,144)
-
49,146
119,492
72,454 45,894
118,348

The statement of financial activities include all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

SHEPHERDS BUSH FAMILIES PROJECT

Page : 7

& CHILDRENS CENTRE (LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31ST MARCH 2021

Notes
£
TANGIBLE FIXED ASSETS
8
CURRENT ASSETS
Debtors
9
1,951
Cash at Bank & In Hand
227,118
229,069
CREDITORS :Amounts falling due
within one year
10
58,441
58,441
TOTAL ASSETS LESS CURRENT LIABILITIES & NET ASSETS
Unrestricted Funds
General Funds
Restricted Funds
12
TOTAL CHARITY FUNDS
13		 2021
£
-
170,628
170,628
£
63,430
63,430
107,198
170,628		 2020
£
-
273
164,975
165,248
46,900
46,900
118,348
118,348
£
45,894
45,894
72,454
118,348

For the year ending 31st March 2021 the exemption conferred by section 477 of the Companies Act 2006, relating to small companies, not to have the accounts audited applies to the Company and the directors confirm that no notice requesting an audit has been deposited by the members under s 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime.

The accounts were approved by the trustees on:

20th December 2021 Date

and signed on their behalf by:

Tracy Webb Director Fred Morgan Director

Company Registration Number: 3664056 Charity Registration Number: 1080495

The notes on pages 8 to 13 form part of these financial statements.

SHEPHERDS BUSH FAMILIES PROJECT & CHILDRENS CENTRE (LIMITED BY GUARANTEE) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021

Page : 8

1. ACCOUNTING POLICIES

a) The accounts are prepared in accordance with the charity's memorandum and articles of association, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (as amended for accounting periods commencing from 1 January 2016), and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRS102.

The company has taken advantage of the provisions in the SORP for Charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cashflows.

The accounts are prepared in sterling , which is the functional currency of the charity. The accounts have been prepared under the historical cost convention. The principal accouting policies adopted are set out below.

b) Incoming Resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations are recognised on receipt.

c) Resources expended

The expenses classifed as 'Charitable Activities' are those directly attributable to the general objects of the charity. ' Raising funds' are those expenses incurred in seeking funding for the charity. 'Governance costs' comprise all costs incurred in governing the charity.

di) Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Fixed assets with a useful life greater than one year and a purchase price exceeding £500 are capitalised , and depreciated over its expected useful life, usually 4 years.

dii) Impairment of tangible fixed assets

At each reporting date , the charity reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. if such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss ( if any).

e) Charitable funds

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the management committee for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with any other costs agreed by the donor.

SHEPHERDS BUSH FAMILIES PROJECT & CHILDRENS CENTRE (LIMITED BY GUARANTEE) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021

Page : 9

1. ACCOUNTING POLICIES (Continued)

f) Resources Expended:

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

Costs relating to a particular activity are allocated directly. Other costs are allocated on an appropriate basis such as staff time or estimated usage.

g) Cash and cash equivalents

Cash and cash equivalents include cash in hand , deposits held on call with banks, other short-term liquid investmentswith original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

h) Financial Instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

i) Employee benefits

The cost of unused holiday entitlements is charged in the period in which the employee services are received.

j) Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2. Critical accounting estimates and judgements

In the application of the charity's accounting policies the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Page : 10

SHEPHERDS BUSH FAMILIES PROJECT

& CHILDRENS CENTRE (LIMITED BY GUARANTEE) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021

3a INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES

L.B. Ham'smith & Fulham
(Children's Centre)
L.B. Ham'smith & Fulham
( 3 SIF )
ii
( Fast Track)
ii
(2yr & 3-4 Year Funding)
National Lottery
The John Lyons Charity
BBC Children in Need
The Tudor Trust
Hammersmith United
United in Hammersmith & Fulham
The Sylvia Adams Trust
The Julia & Hans Rausing Trust
Garfield Weston
Kelly Family Charitable Trust
The Toy Trust
The London Community Foundation
HMRC Covid 19 Job Retention Scheme
The Daisy Trust
Charity Checkout Enthuse
George Irvine Funfair
Finlay Brewer
SpaceHive Party in the Park
Portobello Panto
Sundry Donations/Grants < £501
29th May 1961 Charity
Sundry Donations/ Grants>£501 < £1,001
Fundraising Incl Room Hire, Utilities,Milk Money
Deferred Income in the year
was as follows:
Income
Deferred
B/Fwd
£

The Julia & Hans Rausing Trust
-
L.B. Hammersmith & Fulham
-
Garfield Weston
39,582
39,582		 3a INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES

L.B. Ham'smith & Fulham
(Children's Centre)
L.B. Ham'smith & Fulham
( 3 SIF )
ii
( Fast Track)
ii
(2yr & 3-4 Year Funding)
National Lottery
The John Lyons Charity
BBC Children in Need
The Tudor Trust
Hammersmith United
United in Hammersmith & Fulham
The Sylvia Adams Trust
The Julia & Hans Rausing Trust
Garfield Weston
Kelly Family Charitable Trust
The Toy Trust
The London Community Foundation
HMRC Covid 19 Job Retention Scheme
The Daisy Trust
Charity Checkout Enthuse
George Irvine Funfair
Finlay Brewer
SpaceHive Party in the Park
Portobello Panto
Sundry Donations/Grants < £501
29th May 1961 Charity
Sundry Donations/ Grants>£501 < £1,001
Fundraising Incl Room Hire, Utilities,Milk Money
Deferred Income in the year
was as follows:
Income
Deferred
B/Fwd
£

The Julia & Hans Rausing Trust
-
L.B. Hammersmith & Fulham
-
Garfield Weston
39,582
39,582		 2021
2021
2021
Restricted
Unrestricted
Total
Funds
Funds
Funds
£
£
£
20,000
20,000
35,000
35,000
-
-
29,271
29,271
64,753
64,753
35,000
35,000
18,202
18,202
2,000
2,000
10,000
10,000
9,025
1,000
10,025
4,000
4,000
44,399
44,399
15,986
15,986
7,000
7,000
2,500
2,500
3,000
3,000
39,190
39,190
1,500
17
1,517
3,742
3,742
-
-
-
2,358
2,358
4,547
4,547
2,500
2,500
750
750
305
305
251,170
104,875
356,045
Income
Income
Income
Received
Charged
Deferred
C/Fwd
£
£
£
47,504
44,399
3,105
53,047
29,271
23,776
15,986
23,596
100,551
89,656
50,477		 2020
2020
2020
Restricted
Unrestricted
Total
Funds
Funds
Funds
£
£ £
20,000
20,000
35,000
35,000
3,000
3,000
25,434
25,434
71,436
71,436
25,000
25,000
51,873
51,873
15,000
15,000
5,000
5,000
-
-
21,462
21,462
-
10,418
10,418
-
-
-
-
1,500
1,500
-
2,000
2,000
2,700
2,700
1,484
1,484
3,206
3,206
4,479
4,479
-
1,781
11,127
12,908
699
699		 2020
2020
2020
Restricted
Unrestricted
Total
Funds
Funds
Funds
£
£ £
20,000
20,000
35,000
35,000
3,000
3,000
25,434
25,434
71,436
71,436
25,000
25,000
51,873
51,873
15,000
15,000
5,000
5,000
-
-
21,462
21,462
-
10,418
10,418
-
-
-
-
1,500
1,500
-
2,000
2,000
2,700
2,700
1,484
1,484
3,206
3,206
4,479
4,479
-
1,781
11,127
12,908
699
699		 2020
2020
2020
Restricted
Unrestricted
Total
Funds
Funds
Funds
£
£ £
20,000
20,000
35,000
35,000
3,000
3,000
25,434
25,434
71,436
71,436
25,000
25,000
51,873
51,873
15,000
15,000
5,000
5,000
-
-
21,462
21,462
-
10,418
10,418
-
-
-
-
1,500
1,500
-
2,000
2,000
2,700
2,700
1,484
1,484
3,206
3,206
4,479
4,479
-
1,781
11,127
12,908
699
699
Funds
£
20,000
35,000
3,000
71,436
25,000
51,873
15,000
5,000
-
21,462
1,500
1,484
1,781		 Funds
252,536 60,063
312,599
39,582

SHEPHERDS BUSH FAMILIES PROJECT

Page : 11

& CHILDRENS CENTRE (LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021

3b Total Expenditure on:
Raising Funds
Fundraising & Publicity
Charitable Activities
Staff Costs
Premises
Communications
Activity Costs
Governance Costs		 2021
2021
2021
Restricted
Unrestricted
Total
Funds
Funds
Funds
£
£
£
-
-
158,211
55,724
213,935
16,974
18,641
35,615
2,010
3,983
5,993
39,231
6,394
45,625
2,651
2,651
216,426
87,393
303,819		 2020
Restricted
Funds
£
 2020
2020
Unrestricted
Total
Funds
Funds
£
£
-
-
159,297
27,717
5,821
56,870
723		 45,725
205,022
10,389
38,106
2,261
8,082
3,662
60,532
1,401
2,124
250,428 63,438
313,866

4. NET INCOMING RESOURCES FOR THE YEAR

This is stated after charging
Depreciation
Management Committee Remuneration
Accountants Remuneration:
Independent Examiner's Fee
5. STAFF COSTS AND NUMBERS
These include:
Salaries and Wages
Employers' NI & Pension Contribution

No employee received emoluments of more than £60,000.

The directors/trustees do not receive any remuneration in respect of their services as directors/trustees.

Particulars of employees:

The average weekly number of full time equivalent employees during the year was as follows :

Families Centre & Children's Project 9
9		 9
9

6. TRUSTEE & RELATED PARTY TRANSACTIONS

No directors/trustees or any person connected with them received remuneration in the year in respect of their services as directors/trustees . (2020 £Nil)

No travel expenses were reimbursed to directors/trustees during the year (2020 £Nil) No directors/trustees, or any person connected to them, or related to the charity had any personal interest in any contract or transaction. (2020 Nil) There were no other related party transactions during the year.

7. TAXATION

The charitable company is exempt from corporation tax on its charitable activities.

Page : 12

SHEPHERDS BUSH FAMILIES PROJECT & CHILDRENS CENTRE (LIMITED BY GUARANTEE) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021

8. TANGIBLE FIXED ASSETS

Cost
Opening Balance
Additions
Closing Balance
Depreciation
Opening Balance
Charge for the year
Closing Balance
NET BOOK VALUE
NET BOOK VALUE LAST YEAR		 Fixtures &
Computer
Furniture &
Fittings
Equipment
Equipment
Total
£
£
£
£
10,426
3,924
36,431
50,781
10,426
3,924
36,431
50,781
10,426
3,924
36,431
50,781
-
10,426
3,924
36,431
50,781
-
-
-
-
-
-
-
-

As detailed in Note 14, on the 30th March 2012 the charity entered into a 15 year lease of its current premises ,First floor, 58 Bulwer Street, W12 8AP.

8a. Financial Instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Carrying amount of financial liabilities
Measured at amortised cost
9. DEBTORS
Prepayments & Accrued Income
Taxation and Social Security
Grants Receivable
10. CREDITORS :Amounts falling due
within one year
Taxation and Social Security
Sundry Creditors & Accruals
Grant in Advance		 2021
£
1,951
58,441
£
1,951
-
1,951
£
-
6,025
50,477
58,441		 2020
£
273
46,900
£
273
-
273
£
3,025
4,293
39,582
46,900

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets at 31st March 2021		 General
Designated
Restricted
Total
£
£
£
£
-
-
121,871
107,198
229,069
(58,441)
(58,441)
63,430
-
107,198
170,628

SHEPHERDS BUSH FAMILIES PROJECT & CHILDRENS CENTRE (LIMITED BY GUARANTEE)

Page : 13

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021

At At
**12. ** RESTRICTED FUNDS 1st April Income **Expenses ** 31st March
2020 2021
£ £ £ £
BBC Children in Need 3,219 18,202 (20,650) 771
L.B. Hammersmith & Fulham (Children's Centre) - 20,000 (17,281) 2,719
L.B. Hammersmith & Fulham ( 3 SIF ) - 35,000 (28,786) 6,214
ii ( Fast Track ) - - - -
National Lottery 27,657 64,753 (42,490) 49,920
HMRC Covid 19 Job Retention Scheme 39,190 (39,190) -
The John Lyons Charity 2,083 35,000 (28,103) 8,980
Tudor Trust 22,690 2,000 (8,717) 15,973
Hammersmith United - 10,000 (10,000) -
United in Hammersmith & Fulham - 9,025 (416) 8,609
Kelly Family Charitable Trust 7,000 (6,040) 960
Sylvia Adams Trust 16,805 4,000 (8,607) 12,198
The London Community Foundation 3,000 (3,000) -
The Toy Trust - 2,500 (1,646) 854
The Daisy Trust - 1,500 (1,500) -
-
13. 72,454 251,170 (216,426) 107,198
At Incoming Outgoing Transfers At
1st April **Resources ** Resources 31st March
2020 2021
£ £ £ £ £
Restricted Funds (Note 12) 72,454 251,170 (216,426) 107,198
Unrestricted Funds
General Funds 45,894 104,929 (87,393) 63,430
Total Unrestricted Funds 45,894 104,929 (87,393) - 63,430
Total Funds 118,348 356,099 (303,819) - 170,628

14.

LEASE COMMITMENTS

On the 30th March 2012 the company entered into a lease of its premises on the First Floor 58 Bulwer St W12 8AP. The period of the lease is 15 years. The annual rental consists of £15,000 per annum inclusive plus £2,000 per annum towards landlords costs, and 40% of the cost of the landlord insuring the building. These costs should not increase over the period of the lease.

At
The minimum annual rentals under the leases are as follows: 31st March
2021
£
- within 1 year 17,000
- within 2-5 years 17,000