| ~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 |
| Note | Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | 2022 | 2021 | ||||
| Income | ||||||
| Donations | 70,714 | 213,748 | 284,462 | 171,823 | ||
| Charitable activities |
885,342 | 2,872,880 | 3,758,222 | 3,318,309 | ||
| Other activities | 189,818 | 207,610 | 397,428 | 214,949 | ||
| Investments | 317 | |||||
| Total | 1,145,874 | 3,294,238 | 4,440,112 | 3,705,398 | ||
| Expenditure | ||||||
| Charitable activities |
6 | 914,694 | 3,295,488 | 4,210,182 | 3,750,926 | |
| Total | 914,694 | 3,295,488 | 4,210,182 | 3,750,926 | ||
| Net income j(expenditure) | 10 | 231,180 | (1,250) | 229,930 | (45,528) | |
| Transfer between funds | (1,250) | 1,250 | ||||
| Net movement | in funds | 229,930 | 229,930 | (45,528) | ||
| Reconciliation | offunds | |||||
| Fund balances | brought forward | 519,251 | 519,251 | 564,779 | ||
| Fund balances | carried forward | 749,181 | 749,181 | 519,251 |
| ALANCE SHEET | AT 31MARCH 202 | ||||
|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||
| FIXEDASSETS | 14 | 6,518 | 7,770 | ||
| CURRENT ASSETS | |||||
| Debtors | 15 | 239,188 | 232,994 | ||
| Cash atbank and in hand | 1,047,209 | 717,625 | |||
| 1,286,397 | 950,619 | ||||
| CREDITORS: AMOUNTS FALLING | |||||
| DUE WITHIN ONE YEAR | 16 | (391,338) | (244,138) | ||
| NET CURRENT ASSETS | 895,059 | 706,481 | |||
| CREDITORS: AMOUNTS FALLING | |||||
| DUE IN MORE THAN ONE | YEAR | 16a | (152,396) | (195,000) | |
| TOTAL NET ASSETS | 18 | 749,181 | 519,251 | ||
| CAPITAL AND RESERVES | |||||
| Unrestricted funds —general funds |
17 | 609,181 | 419,251 | ||
| Unrestricted fund —designated |
funds | 17 | 140,000 | 100,000 | |
| Restricted funds | 17 | ||||
| TOTAL FUNDS | 749,181 | 519,251 |
| FO | R T | HE YEAR ENDED | 31M | ARCH 2022 | |
|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||
| Net cash (outflow)/inflow | |||||
| from operating activities |
19a | 329,584 | 97,978 | ||
| Investing activities |
|||||
| Interest income | 317 | ||||
| Net cash inflow from investing | activities | 317 | |||
| Financing activities | |||||
| Interest paid | |||||
| Long-term loan finance | |||||
| Net cash inflow/(outflow) | |||||
| from financing activities |
|||||
| Increase/(decrease) in cash |
and | cash equivalents | 329,584 | 98,295 | |
| Cash and cash equivalents | at 1 | April 2021 | 19b | 717,625 | 619,330 |
| Cash and cash equivalents | at31March 2022 | 19b | 1,047,209 | 717,625 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | funds | funds | funds | |||
| 2022f | 2022 | 2022 | 2021 6 |
|||
| Donations | 70,714 | 213,748 | 284,462 | 171,823 | ||
| Unrestricted | Restricted | Total | Total | |||
| Funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Donations | 13,350 | 158,473 | 171,823 | 312,374 | ||
| 3. INCOME FROM CHARITABLE ACTIVITIES | ||||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| DWP Kickstart | 234,818 | 234,818 | ||||
| BigLottery Fund (BBO) | 501,292 | 501,292 | 711,089 | |||
| Education and SkiBs | ||||||
| Funding Agency (ESFA) | 165,162 | 1,639,403 | 1,804,565 | 1,496,751 | ||
| ESFA (Adult | Education) | 403,703 | 403,703 | 178,792 | ||
| London Councils Employment | 99,100 | |||||
| Tri-borough | Public Health | 274,126 | 274,126 | 251,940 | ||
| BigLottery BSCF | 15,934 | 73,289 | 89,223 | 99,905 | ||
| The Heritage | Lottery | Fund | 231,500 | |||
| Culture Recovery Fund (R2) | 210,200 | 78,695 | 288,895 | |||
| WCC —Other | Grants | 24,000 | 25,458 | 49,458 | 25,832 | |
| Other grants | 13,065 | 7,447 | 20,512 | |||
| Hammersmith | and Fulham Council | 27,396 | ||||
| East London | ELAIT | 1,660 | 1,660 | |||
| The Power 2 | Change | (BBO) | 17,190 | |||
| HMRC job retention | scheme | 15,797 | 15,797 | 48,620 | ||
| Other fees and contributions | 13,601 | 22,554 | 36,155 | 130,194 | ||
| 885,342 | 2,872,880 | 3,758,222 | 3,318,309 |
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| f. | |||||||
| 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 | ||||
| 4. INCOME | FROM OTHER ACTIVITIES | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Rental income | 189,818 | 207,610 | 397,428 | 214,949 | |||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Rental income | 34,180 | 180,769 | 214,949 | 344,518 | |||
| 5. INVESTMENT | INCOME | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Bank interest | 317 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Bank interest | 317 | 317 | 1,917 | ||||
| 6. | EXPENDITURE ON CHARITABLE | ACTIVITIES | |||||
| Direct | Support | Total | Total | ||||
| Costs | Costs | 2022 | 2021 | ||||
| 6 | |||||||
| ESFACommunity Grant(EQUIP) |
1,639,403 | 131,825 | 1,771,228 | 1,487,612 | |||
| Church Street Neighbourhood | Centre | 50,181 | 4,035 | 54,216 | 47,042 | ||
| Stowe Youth Centre | 153,112 | 12,311 | 165,423 | 136,312 | |||
| Skills and Training Centre | 387,776 | 31,181 | 418,957 | 351,117 | |||
| Community Champions |
340,940 | 27,415 | 368,355 | 327,085 | |||
| BigLottery Fund (BBO) | 647,011 | 52,026 | 699,037 | 818,354 | |||
| StMary Magdalene's Project |
181,005 | 14,555 | 159,560 | 205,650 | |||
| Grand Junction | 271,888 | 21,863 | 293,751 | 277,390 | |||
| Westworks Employment |
Project | 100,364 | |||||
| Total | 3,896,835 | 313,347 | 4,210,182 | 3,750,926 | |||
| Direct | Support | Total | Total | ||||
| Costs | Costs | 2021 | 2020 | ||||
| 6 | |||||||
| 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 |
| 7. | ANALYSIS OFDIREC | T COSTS | |||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| 2022 | 2021 | ||||||
| Wages and salaries | 970,907 | 1,010,194 | |||||
| Tuition fees and consultancy | 131,000 | 93,243 | |||||
| Premises/office costs |
298,603 | 217,875 | |||||
| Youth and community | support events costs | 203,641 | 22,769 | ||||
| St.Mary Magdalene project professional |
fees | 36,473 | 23,671 | ||||
| Programme partners costs |
2,156,709 | 1,854,103 | |||||
| Other direct costs | 99,502 | 250,104 | |||||
| 3,896,835 | 3,471,959 | ||||||
| 8. | ANALYSIS OF SUPPORT COSTS | ||||||
| 2022 | 2021 | ||||||
| E | E | ||||||
| Staff Costs | 227,168 | 196,211 | |||||
| Bank charges | 756 | 472 | |||||
| Sundry | 707 | ||||||
| Staff training | 12,973 | 90 | |||||
| Maintenance ofcomputers |
1,306 | 984 | |||||
| Office costs | 20,450 | 21,418 | |||||
| Subscriptions | 5,106 | 4,328 | |||||
| Printing, stationery and |
computer | consumables | 2,594 | 2,303 | |||
| Communication costs |
3,566 | 3,394 | |||||
| Insurance | 4,168 | 3,306 | |||||
| Travel | 698 | 300 | |||||
| Legal and professional | fees | 900 | |||||
| Governance costs (note |
9) | 18,908 | 18,283 | ||||
| Depreciation —furniture |
and equipment | 2,191 | 2,589 | ||||
| Marketing and website |
|||||||
| Consultancy | 3,862 | 16,035 | |||||
| London Community Commission |
sponsorship | (*) | 5,000 | ||||
| COVID support projects | 1,700 | 4,547 | |||||
| CMA Annual Award | 2,000 | 4,000 | |||||
| 313,346 | 278,967 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | ||||
| Staff costs | 11,956 | 10,327 | ||
| Auditors' | remuneration | 7,000 | 7,000 | |
| Auditors' | remuneration | prior year | (48) | 956 |
| 18,908 | 18,283 |
| 10. | NET INCOM | EXPENDITURE | EXPENDITURE |
|---|---|---|---|
| Net income/(expenditure) | for the year is stated after charging: | ||
| Depreciation |
| 2022 | 2021 |
|---|---|
| 2,191 | 2,589 |
| 12. | STAFFCOSTS | 2022 | 2021 |
|---|---|---|---|
| Salaries and wages | 1,068,982 | 1,081,558 | |
| Social security costs | 95,234 | 95,565 | |
| Pension costs | 45,815 | 39,609 | |
| 1,210,031 | 1,216,732 |
| by function | was: | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number | Number | |||
| Direct charitable | activities | 30 | 32 | |
| Management | and | administration | 4 | 4 |
| 34 | 36 |
| TANGIBLE FIXEDASSET | S |
|---|---|
| Office equipment | |
| and furniture | |
| COST | |
| At1April 2021 | 66,308 |
| Additions | 939 |
| At 31March 2021 | 67,247 |
| DEPRECIATION | |
| At 1April 2021 | 58,538 |
| Charge for the year | 2,191 |
| Disposals | (-) |
| At31March 2022 | 60,729 |
| NET BOOK VALUE | |
| At 31March 2022 | 6,518 |
| At31March 2021 | 7,770 |
| DEBTORS: | AMOUNTS FALLING DU | E WITHIN ONE YEAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Government | grants due | 206,047 | 220,603 |
| Sundry debtors and prepayments | 33,141 | 12,391 | |
| 239,188 | 232,994 |
| STATEMENT OFFUNDS | ||||
|---|---|---|---|---|
| At1April | Income | Expenditure | Transfers | At31March |
| 2021 | 2022 | |||
| Restricted funds | ||||
| Education and Skills Funding | ||||
| Agency (ESFA) | 1,639,403 | (1,639,403) | ||
| BigLottery Fund (BBO) | 501,292 | (501,292) | ||
| Tri-borough Public Health |
274,126 | (274,126) | ||
| DWP kickstart | 234,818 | (234,818) | ||
| Donations —Charitable Trusts |
||||
| and Foundations | 213,748 | (213,748) | ||
| Stowe Club rental | 179,674 | (179,674) | ||
| BigLottery BSCF | 73,289 | (73,289) | ||
| Grand Junction rent &concession | 27,936 | (29,186) | 1,250 | |
| HMRC job retention scheme | 15,797 | (15,797) | ||
| Other fees and contributions | 134,155 | (134,155) | ||
| Total restricted funds | 3,294,238 | (3,295,488) | 1,250 |
| FOR TH | E YEAR E | NDED 31 | MARCH 2022 | ||||
|---|---|---|---|---|---|---|---|
| 17. | STATEMENT | OFFUNDS | continued | ||||
| At | 1April | Income | Expenditure | Transfers | At 31March | ||
| 2021 | 2022f | ||||||
| Unrestricted funds |
|||||||
| General funds | 419,251 | 1,145,874 | (914,694) | (41,250) | 609,181 | ||
| Designated fund |
|||||||
| -redundancy costs |
100,000 | (-) | 40,000 | 140,000 | |||
| Total unrestricted | funds | 519,251 | 1,145,874 | (914,694) | (1,250) | 749,181 | |
| Total funds | 519,251 | 4,440,112 | (4,210,182) | 749,181 |
| Details ofthe purpo | se ofeach | fund can b | e found in the | Trustees Annu | al Report. | |
|---|---|---|---|---|---|---|
| At | 1April | Income | Expenditure | Transfers | At 31March | |
| 2020 | 2021 | |||||
| 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 | |||
| 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 |
| FOR THE YEAR ENDED 31M | FOR THE YEAR ENDED 31M | FOR THE YEAR ENDED 31M | FOR THE YEAR ENDED 31M | FOR THE YEAR ENDED 31M | ARCH 20 | 22 | ||
|---|---|---|---|---|---|---|---|---|
| 18. | ANALYSIS OFNET ASSETSBETWEEN FUNDS | Total | Total | |||||
| Funds | Funds | |||||||
| Unrestricted | Restricted | 2022 | 2021 | |||||
| Tangible fixed assets | 6,518 | 6,518 | 7,770 | |||||
| Cash atbank | 894,813 | 152,396 | 1,047,209 | 717,625 | ||||
| Other current assets | 239,188 | 239,188 | 232,994 | |||||
| Current liabilities | (391,338) | (-) | (391,338) | (244,138) | ||||
| Long-term liabilities | (-) | (152,396) | (152,396) | (195,000) | ||||
| 749,181 | 749,181 | 519,251 | ||||||
| Total | Total | |||||||
| Funds | Funds | |||||||
| Unrestricted 6 |
Restrictedf | 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 | ||||||
| 19. | NOTES TO THE STATEMENT | OF | CASHFLOWS | |||||
| a. | Reconciliation ofsurulus to net |
cash inflow | from | o eratin | activities: | |||
| 2022 | 2021 | |||||||
| Net surplus/(deficit) | for the year | 229,930 | (45,528) | |||||
| Adjustments to reconcile surplus |
for | the year | ||||||
| to net cash flow from operating | activities: | |||||||
| Purchase offixed assets | (939) | (-) | ||||||
| Bank interest income | (-) | (317) | ||||||
| Depreciation ofplant and equipment | 2,191 | 2,589 | ||||||
| Working capital movements: | ||||||||
| (Increase) in debtors | (6,194) | (192,762) | ||||||
| (Decrease)/increase | in creditors | 147,200 | (51,528) | |||||
| Net cash inflow/(outflow) | ||||||||
| from operating activities |
372,188 | 97,978 |
| payments under non-cancellable operating lease |
s for each ofthe following | periods |
|---|---|---|
| Land and Buildings | ||
| ~Pt d |
2022 a |
2021 |
| Not later than one year | 19,712 | 19,712 |
| Later than one year and not later than five years | 19,208 | 19,208 |
| Later than five years | 4,815 | 9,617 |
| 43,735 | 48,537 |