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||||~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|
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|||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|
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|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|
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|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|
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||||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|
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|||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|
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|||||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|
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|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|
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||||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|
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|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|
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|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||
##
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|||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|
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||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|
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|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|
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