##
||||~Pa e|
|---|---|---|---|
|Company|information|||
|Trustees'|and|directors' report|2-12|
|Independent||auditors'
report|13-16|
|Statement|of|financial activities|17|
|Balance sheet|||18|
|Statement|of|cash flows|19|
|Notes to|the financial statements||20-32|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||mcor
o|ratin
Income and Ex e|ratin
Income and Ex e|nditure
Accou|nt||
|---|---|---|---|---|---|---|
||FOR|THE YEAR ENDED 31||MARCH 2021|||
|||Note|Unrestricted|Restricted|Total Funds|Total Funds|
|||||Funds|2021|2020|
|||||E|||
|Income|||||||
|Donations|||13,351|158,472|171,823|312,374|
|Charitable
activities|||782,739|2,535,570|3,318,309|3,216,130|
|Other activities|||34,180|180,769|214,949|344,518|
|Investments|||317||317|1,917|
|Total|||830,587|2,874,811|3,705,398|3,874,939|
|Expenditure|||||||
|Charitable
activities||6|841,326|2,909,600|3,750,926|3,874,514|
|Total|||841,326|2,909,600|3,750,926|3,874,514|
|Net (expenditure)/income||10|(10,739)|(34,789)|(45,528)|425|
|Transfer between funds|||(34,789)|34,789|||
|Net movement|in funds||(45,528)||(45,528)|425|
|Reconciliation|offunds||||||
|Fund balances|brought forward||564,779||564,779|564,354|
|Fund balances|carried forward||519,251||519,251|564,779|
##
|ALANCE SHEET|||||AT 31M|ARCH 2021|
|---|---|---|---|---|---|---|
|||Note||2021||2020|
|FIXEDASSETS||14||7,770||10,359|
|CURRENT ASSETS|||||||
|Debtors||15|232,994||425,756||
|Cash at bank and in hand|||717,625||619,330||
||||950,619||1,045,086||
|CREDITORS: AMOUNTS FALLING|||||||
|DUE WITHIN ONE YEAR||16|(244,138)||(445,666)||
|NET CURRENT ASSETS||||706,481||599,420|
|CREDITORS: AMOUNTS FALLING|||||||
|DUE IN MORE THAN ONE|YEAR|16a||(195,000)||(45,000)|
|TOTAL NET ASSETS||18||E519,251||E564,779|
|CAPITAL AND RESERVES|||||||
|Unrestricted
funds —general funds||17||419,251||464,779|
|Unrestricted
fund —designated|funds|17||100,000||100,000|
|Restricted funds||17|||||
|TOTAL FUNDS||||E519,251||E564,779|
##
|STATEMENT OFC|STATEMENT OFC|STATEMENT OFC|ASH FLOWS|ASH FLOWS||
|---|---|---|---|---|---|
|FOR THE YEAR ENDED|||31MARCH 2021|||
|||Note||2021|2020|
|Net cash (outflow)/inflow||||||
|from operating
activities|||19a|97,978|(199,918)|
|Investing
activities||||||
|Interest income||||317|1,917|
|Net cash inflow from investing||activities||317|1,917|
|Financing activities||||||
|Interest paid|||||(-)|
|Long-term
loan finance|||||(45,000)|
|Net cash inflow/(outflow)||||||
|from financing
activities|||||(45,000)|
|Increase/(decrease)
in cash|and|cash equivalents||98,295|(243,001)|
|Cash and cash equivalents|at 1|April 2020|19b|619,330|862,331|
|Cash and cash equivalents|at 31March 2021||19b|717,625|619,330|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||||f.||
|Donations|||13,351|158,472|171,823|312,374|
|||Unrestricted||Restricted|Total|Total|
||||Funds|funds|funds|funds|
||||2020|2020|2020|2019|
|Donations|||73,945|238,429|312,374|578,125|
|3. INCOME FROM CHARITABLE ACTIVITIES|||||||
|||Unrestricted||Restricted|Total|Total|
||||Funds|funds|funds|funds|
||||2021|2021|2021|2020|
|BigLottery Fund (BBO)||||711,089|711,089|715,187|
|Education and Skills|||||||
|Funding
Agency||(ESFA)|149,675|1,347,076|1,496,751|1,049,223|
|ESFA (Adult|Education)||178,792||178,792|321,109|
|London Councils Employment|||6,000|93,100|99,100|172,606|
|Tri-borough|Public Health|||251,940|251,940|272,483|
|BigLottery BSCF|||16,160|83,745|99,905|94,970|
|The Heritage|Lottery|Fund|231,500||231,500|19,658|
|WCC —Other|Grants||25,832||25,832|425,650|
|Hammersmith|and Fulham Council||27,396||27,396|17,684|
|The Power 2|Change|(BBO)|17,190||17,190||
|HMRC job retention||scheme||48,620|48,620||
|Other fees and contributions|||130,194||130,194|127,560|
||||782,739|2,535,570|3,318,309|3,216,130|
##
##
##
##
|3. INCOME FROM CHARITABLE ACTIV|3. INCOME FROM CHARITABLE ACTIV|ITIES CONTINUE|D||
|---|---|---|---|---|
|Unrestricted||Restricted|Total|Total|
||Funds|funds|funds|funds|
||2020|2020|2020|2019|
|||f.|||
|BigLottery Fund (BBO)||715,187|715,187|600,855|
|Education and Skills|||||
|Funding Agency (ESFA)|104,922|944,301|1,049,223|442,632|
|ESFA (Adult Education)|321,109||321,109||
|London Councils Employment|172,606||172,606|357,310|
|Tri-borough
Public Health||272,483|272,483|297,864|
|BigLottery BSCF|15,806|79,164|94,970|86,000|
|The Heritage Lottery Fund|19,658||19,658|39,213|
|WCC —Other Grants||425,650|425,650|27360|
|Hammersmith
and Fulham Council|17,684||17,684|14,030|
|The Power 2Change (BBO)||||35,588|
|Kand CGrants||||21,889|
|The Arts Council England||||9,887|
|Other fees and contributions|116,716|10,844|127,560|118,270|
||768,501|2,447,629|3,216,130|2,050,898|
|4. INCOME FROM OTHER ACTIVITIES|||||
|Unrestricted||Restricted|Total|Total|
||Funds|funds|funds|funds|
||2021|2021|2021|2020|
|Rental income|34,180|180,769|214,949|344,518|
|Unrestricted||Restricted|Total|Total|
||Funds|funds|funds|funds|
||2020|2020|2020|2019|
|Rental income|20,058|324,460|344,518|320,753|
|5. INVESTMENT INCOME|||||
||Unrestricted
Restricted||Total|Total|
|||Funds
Funds|Funds|Funds|
|||2021
2021|2021|2020|
|Bank interest||317|317|1,917|
##
##
##
##
|5.|INVESTMENT INCOM||E|CO|NTIN|UED|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Restricted|Total|Total|
|||||||Funds||Funds|Funds|Funds|
|||||||2020||2020|2020|2019|
||Bank interest|||||1,917|||1,917|2,200|
|6.|EXPENDITURE ON CHARITABLE|||||ACTIVIT|IES||||
|||||||Direct||Support|Total|Total|
|||||||Costs||Costs|2021|2020|
|||||||f.|||||
||ESFACommunity
Grant (EQUIP)|||||1,379,946||107,666|1,487,612|1,035,503|
||Church Street Neighbourhood|||Centre||43,637||3,405|47,042|37,405|
||Stowe Youth Centre|||||126,446||9,866|136,312|198,444|
||Neighbourhood
Enterprise||Centre|||||||49,132|
||Skills and Training Centre|||||325,705||25,412|351,117|415,793|
||Community
Champions|||||303,412||23,673|327,085|390,681|
||BigLottery Fund (BBO)|||||751,633||66,721|818,354|738,400|
||StMary Magdalene's
Project|||||190,766||14,884|205,650|726,542|
||Grand Junction|||||257,314||20,076|277,390|159,345|
||Westworks
Employment|Project||||93,100||7,264|100,364|123,269|
||Total|||||3,471,959||278,967|3,750,926|3,874,514|
|||||||Direct||Support|Total|Total|
|||||||Costs||Costs|2020|2019|
||ESFACommunity
Grant|(EQUIP)||||953,630||81,873|1,035,503||
||Church Street Neighbourhood|||Centre||34,448||2,957|37,405|12,810|
||Stowe Youth Centre|||||182,756||15,688|198,444|290,218|
||Neighbourhood
Enterprise||Centre|||45,248||3,884|49,132|46,573|
||Skills and Training Centre|||||382,923||32,870|415,793|488,239|
||Community
Champions|||||359,796||30,885|390,681|417,753|
||BigLottery Fund (BBO)|||||680,027||58,373|738,400|628,666|
||StMary Magdalene's
Project|||||669,106||57,436|726,542|677,016|
||Grand Junction|||||146,748||12,597|159,345||
||Westworks
Employment|Project||||113,524||9,745|123,269|322,449|
||Westbourne
Park Neighbourhood||||Forum|||||12,985|
||Total|||||3,568,206||306,308|3,874,514|2,896,709|
##
##
##
|ANALYSIS OFDIR|E|CT COSTS||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2021|2020|
|Wages and salaries||||1,010,194|996,645|
|Tuition fees and consultancy||||93,243|132,075|
|Premises/office
costs||||217,875|277,815|
|Youth and community||support events costs||22,769|5,325|
|St.Mary Magdalene|project professional||fees|23,671|516,089|
|Programme
partners||costs||1,854,103|1,341,667|
|Other direct costs||||250,104|298,590|
|||||3,471,959|3,568,206|
|8.|ANALYSIS OF SUPPORT COSTS|ANALYSIS OF SUPPORT COSTS|ANALYSIS OF SUPPORT COSTS|ANALYSIS OF SUPPORT COSTS|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Staff Costs||||196,211|175,338|
||Bank charges||||472|683|
||Sundry||||707|4,718|
||Staff training||||90|2,520|
||Maintenance|ofcomputers|||984|810|
||Office costs||||21,418|34,377|
||Subscriptions||||4,328|779|
||Printing, stationery
and||computer|consumables|2,303|7,658|
||Communication
costs||||3,394|8,233|
||Insurance||||3,306|3,039|
||Travel||||300|396|
||Legal and professional||fees|||5,400|
||Governance|costs (note|9)||18,283|15,228|
||Depreciation|—furniture|and equipment||2,589|3,453|
||Marketing
and website|||||10,656|
||Consultancy||||16,035|3,450|
||London Community
Commission|||sponsorship||29,500|
||COVID support projects||||4,547||
||CMA Annual|Award|||4,000||
||||||278,967|306,308|
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||Staff costs||||10,327|9,228|
||Auditors'|remuneration|||7,000|6,000|
||Auditors'|remuneration||prior year|956||
||||||18,283|15,228|
|10.|NET INCOM||EXPENDITURE||||
||||||2021|2020|
||Net income/(expenditure)|||for the year is stated after charging:|||
||Depreciation||||2,589|3,453|
##
||anil). No expenses were reimbursed
to|Trustees during the year (2020:|anil).|
|---|---|---|---|
|12.|STAFFCOSTS|2021|2020|
|||E||
||Salaries and wages|1,081,558|1,042,467|
||Social security costs|95,565|98,912|
||Pension costs|39,609|39,832|
|||1,216,732|1,181,211|
|by function|was:||||
|---|---|---|---|---|
||||2021|2020|
||||Number|Number|
|Direct charitable||activities|32|30|
|Management|and|administration|4|3|
#
##
##
##
##
||Office equipment
and furniture|
|---|---|
|COST|E|
|At 1April 2020|66,308|
|Additions||
|At 31March 2020|66,308|
|DEPRECIATION||
|At 1April 2020|55,949|
|Charge for the year|2,589|
|Disposals|(-)|
|At 31March 2021|58,538|
|NET BOOK VALUE||
|At 31March 2021|7,770|
|At 31March 2020|10,359|
##
|DEBTORS:|AMOUNTS FALLING DU|E WITHIN ONE YEAR||
|---|---|---|---|
|||2021|2020|
||||E|
|Government|grants due|220,603|386,680|
|Sundry debtors and prepayments||12,391|39,076|
|||232,994|425,756|
##
##
|CREDITORS: AMOUNTS FALLING|DUE WITHIN ONE YEA|R|
|---|---|---|
||2021|2020|
|Trade creditors|2,604|16,270|
|Grants payable|||
|Accruals and deferred income|220,789|402,877|
|Other taxes and social security|20,745|26,519|
||244,138|445,666|
##
|2021|2020|
|---|---|
|E||
|195,000|45,000|
|STATEMENT OF|FUNDS|||||
|---|---|---|---|---|---|
||At1April|Income|Expenditure|Transfers|At 31March|
||2020||||2021|
||||||f|
|Restricted funds||||||
|Education and Skills Funding||||||
|Agency (ESFA)||1,347,076|(1,347,076)|||
|BigLottery Fund (BBO)||711,089|(711,089)|||
|Tri-borough
Public Health||251,940|(251,940)|||
|Donations
—Charitable|Trusts|||||
|and Foundations||158,472|(158,472)|||
|Stowe Club rental||144,995|(144,995)|||
|BigLottery BSCF||83,745|(83,745)|||
|Grand Junction rent &|concession|35,774|(70,563)|34,789||
|HMRC job retention scheme||48,620|(48,620)|||
|Other fees and contributions||93,100|(93,100)|||
|Total restricted funds||2,874,811|(2,909,600)|34,789||
##
##
##
||FORTH|FORTH|FORTH|FORTH|E YEAR E|NDED 31M|ARCH 2021|||
|---|---|---|---|---|---|---|---|---|---|
|17.|STATEMENT OFFUNDS||||continued|||||
|||||At|1April|Income|Expenditure|Transfers|At 31March|
||||||2020||||2021|
||||||f.|||||
||Unrestricted
funds|||||||||
||General funds||||464,779|830,587|(841,326)|(34,789)|419,251|
||Designated
fund|||||||||
||-redundancy
costs||||100,000||||100,000|
||Total unrestricted
funds||||564,779|830,587|(841,326)|(34,789)|519,251|
||Total funds||||564,779|3,705,398|(3,750,926)||519,251|
||Details ofthe purpose|of|each fund can be|||found in the|Trustees Annual|Report.||
|||||At|1April|Income|Expenditure|Transfers|At 31March|
||||||2019||||2020|
||Restricted funds|||||||||
||Education and Skills Funding|||||||||
||Agency (ESFA)|||||944,301|(944,301)|||
||BigLottery Fund (BBO)|||||715,187|(715,187)|||
||WCC - other grants|||||425,650|(425,650)|||
||Tri-borough
Public Health|||||272,483|(272,483)|||
||Donations
—Charitable|Trusts||||||||
||and Foundations|||||238,429|(238,429)|||
||Stowe Club rental|||||232,454|(232,454)|||
||BigLottery BSCF|||||79,164|(79,164)|||
||Grand Junction rent &concession|||||45,838|(80,421)|34,583||
||Church Street Neighbourhood|||rental||19,259|(19,259)|||
||Neighbourhood
Enterprise||rental|||16,215|(16,215)|||
||Health Champions
rental|||||10,693|(10,693)|||
||Other fees and contributions|||||10,845|(10,845)|||
||Total restricted funds|||||3,010,518|(3,045,101)|34,583||
||Unrestricted
funds|||||||||
||General funds||||464,354|864,421|(829,413)|(34,583)|464,779|
||Designated
fund|||||||||
||-redundancy
costs||||100,000||(-)||100,000|
||Total unrestricted
funds||||564,354|864,421|(829,413)|(34,583)|564,779|
||Total funds||||564,354|3,874,939|(3,874,514)||564,779|
##
##
##
||F||ORTHE YEARENDED 31M|ORTHE YEARENDED 31M|ORTHE YEARENDED 31M|ORTHE YEARENDED 31M|ARCH 20|21||
|---|---|---|---|---|---|---|---|---|---|
|18.|ANALYSIS OFNET||ASSETS BETWEEN FUNDS|||||Total|Total|
|||||||||Funds|Funds|
||||Unrestricted|||Restricted||2021|2020|
||Tangible fixed assets||||7,770|||7,770|10,359|
||Cash at bank||||522,625||195,000|717,625|619,330|
||Other current assets||||232,994|||232,994|425,756|
||Current liabilities||||(244,138)||(-)|(244,138)|(445,666)|
||Long-term
liabilities||||(-)|(195,000)||(195,000)|(45,000)|
||||||519,251|||519,251|564,779|
||||||||Total|Total||
||||||||Funds|Funds||
||||Unrestricted|||Restricted||2020|2019|
||||||F.|||E||
||Tangible fixed assets||||10,359|||10,359|13,812|
||Cash at bank||||574,330||45,000|619,330|862,331|
||Other current assets||||425,756|||425,756|111,970|
||Current liabilities||||(445,666)||(-)|(445,666)|(423,759)|
||Long-term
liabilities||||(-)||(45,000)|(45,000)|(-|
||||||564,779|||564,779|564,354|
|19.|NOTES TO THE STATEMENT|||OF|CASHFLOW'S|||||
|a.|Reconciliation ofsur||lus to net|cash inflow||from|o eratin|activities:||
||||||||2021||2020|
||||||||||E|
||Net (deficit)/surplus||for the year|||(45,528)|||425|
||Adjustments
to reconcile surplus|||for|the year|||||
||to net cash flow from operating|||activities:||||||
||Bank interest income||||||(317)||(1,917)|
||Depreciation
ofplant||and equipment|||2,589|||3,453|
||Working capital movements:|||||||||
||Decrease/(increase)|in debtors||||192,762|||(313,786)|
||(Decrease)/increase|in creditors||||(51,528)|||111,907|
||Net cash inflow/ (outflow)|||||||||
||from operating
activities|||||97,978|||(199,918)|
##
##
##
##
##
##
##
##
##
|payments
under non-ca|ncellable
o|p|erating leases|for each ofthe following|for each ofthe following|for each ofthe following|periods:|
|---|---|---|---|---|---|---|---|
|||||Land and Buildings||||
|~Pt
d||||2021|||2020|
|Not later than one year||||19,712|||27,024|
|Later than one year and not later than|||five years|19,208|||34,114|
|Later than five years||||9,617|||14,403|
|||||48,537|||75,541|
|The Charity entered into a 25-year|||lease on 28 July 2017with the||St Mary||Magdalene|
|Church in Paddington|on an annual||L1lease. The|2020 leases included||the|head office|
|lease at Great Western|Studios,|which expired||on 31 December|2019 and was not|||
|renewed.||||||||
##
##
##
##