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|---|---|---|---|
|Company
information||||
|Trustees' and|directors'|report|2 - 12|
|Independent|auditors'|report|15-18|
|Statement of|financial activities||19|
|Balance sheet|||20|
|Statement of|cash flows||21|
|Notes to the financial statements||||
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|Summary ofProgrammes
&Courses|Nos of Students|
|---|---|
|Early Years Practitioner
(L3)|138|
|Specialist Support for Teaching and Learning in Schools (L3)
Children and Young Peoples Workforce (L2)|156
38|
|Award Level 2for ITUsers|30|
|Certificate Level 2for ITUsers|15|
|Level 1FSEnglish|103|
|FSin Maths|21|
|Level 1Employability
Skills|63|
|E3Award in Skills for Life|7|
|Total:|571|
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|||FORTHE Y|EAR ENDED 31M|ARCH 2023|||
|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted|Total Funds|Total Funds|
|||||Funds|2023|2022|
|||||6||E|
|Income|||||||
|Donations|||21,000|297,247|318,247|284,462|
|Charitable
activities|||433,215|2,994,031|3,427,246|3,758,222|
|Other activities|||305,098|107,446|412,544|397,428|
|Investments|||||||
|Total|||759,313|3,398,724|4,158,037|4,440,112|
|Expenditure|||||||
|Charitable
activities||6|664,447|3,429,165|4,093,613|4,210,182|
|Total|||664,447|3,429,165|4,093,613|4,210,182|
|Net income/(expenditure)||10|94,866|(30,442)|64,424|229,930|
|Transfer between funds|||(30,442)|30,442|||
|Net movement|in funds||64,424||64,424|229,930|
|Reconciliation|offunds||||||
|Fund balances|brought forward||749,181||749,181|519,251|
|Fund balances|carried forward||813,605||813,605|749,181|
|ALANCE SHEET|||||AT 31MARCH|2023|
|---|---|---|---|---|---|---|
|||Note||2023|2022||
||||6|E|||
|FIXEDASSETS||14||9,948||6,518|
|CURRENT ASSETS|||||||
|Debtors||15|379,118||239,188||
|Cash at bank and in hand|||973,007||1,047,209||
||||1,352,125||1,286,397||
|CREDITORS: AMOUNIS FALLING|||||||
|DUE WITHIN ONE YEAR||16|(401,072)||(391,338)||
|NET CURRENT ASSE'IS||||951,053|895,059||
|CREDITORS: AMOUNTS FALLING|||||||
|DUE IN MORE THAN ONE|YEAR|16a||(147,396)|(152,396)||
|TOTAL NET ASSETS||18||813,605|749,181||
|CAPITAL AND RESERVES|||||||
|Unrestricted
funds —general funds||17||673,605|609,181||
|Unrestricted
fund —designated|funds|17||140,000
algal|140,000||
|Restricted funds||17|||||
|TOTAL FUNDS||||813,605|749,181||
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||FORTHE YEAR ENDED|31MARCH 2023|31MARCH 2023||
|---|---|---|---|---|
||Note||2023|2022|
|Net cash (outflow)/inflow|||||
|from operating
activities||19a|(74,202)|329,584|
|Investing
activities|||||
|Interest income|||||
|Net cash inflow from investing
activities|||||
|Financing activities|||||
|Interest paid|||||
|Long-term loan finance|||||
|Net cash inflow/(outflow)|||||
|from financing
activities|||||
|(Decrease)/increase
in cash and cash equivalents|||(74,202)|329,584|
|Cash and cash equivalents|at 1April 202219b||1,047,209|717,625|
|Cash and cash equivalents|at31March 2023|19b|973,007|1,047,209|
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||||Unrestricted|Unrestricted|Restricted||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds||Funds|Funds|
|||||2023|2023||2023|2022|
|Donations (")||||21,000|297,247||318,247|284,462|
|(*)included|in restricted donations|||is615,000from the Foyle Foundation|||(2022:Gul).||
||||Unrestricted||Restricted||Total|Total|
|||||Funds|Funds||Funds|Funds|
|||||2022|2022||2022|2021|
|||||||||6|
|Donations||||70,714|213,748||284,462|171,823|
|3. INCOME|FROM|CHARITABLE ACTIVITIES CURRENT||||YEAR|||
||||Unrestricted||Restricted||Total|Total|
|||||Funds|Funds||Funds|Funds|
|||||2023|2023||2023|2022|
||||||E||E||
|DWP Kickstart|||||34,553||34,553|234,818|
|ESFGLA Mayor's Academies|||||421,351||421,351||
|BigLottery Fund (BBO)|||||577,543||577,543|501,292|
|Education and Skills|||||||||
|Funding
Agency||(ESFA)||109,463|1,108,745|1,218,208||1,804,565|
|GLA (Good work for all)|||||559,185||559,185||
|Hammersmith|&Fulham Council|||26,436|||26,436|38,018|
|ESFA (Adult|Education)|||9,671|||9,671|403,703|
|Tri-borough|Public Health|||55,885|236,630||292,515|274,126|
|BigLottery BSCF||||26,303|||26,303|89,223|
|The Heritage|Lottery|Fund (SMM)||75,258|56,025||131,283|288,895|
|WCC —Other Grants||||33,897|||33,897|49,458|
|Other grants||||||||20,512|
|East London|ELATI'|||||||1,660|
|HMRC job retention||scheme||||||15,797|
|Other fees and contributions|||(")|96,302|||96,302|36,155|
|||||433,215|2,994,031|3,427,246||3,758,222|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|||2022|2022|2022|2021|
||||||E|
|DWP Kickstart|||234,818|234,818||
|BigLottery Fund (BBO)|||501,292|501,292|711,089|
|Education and Skills||||||
|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|
|Big Lottery 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 ELATT||1,660||1,660||
|The Power 2Change|(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|
|4. INCOME FROM|OTHER|ACTIVITIES||||
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
|||2023|2023|2023|2022|
|Rental income||305,098|107,446|412,544|397,428|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
|||2022|2022|2022|2021|
|Rental income||189,818|207,610|397,428|214,949|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2023|2023|2023|2022|
||Bank interest|||||||
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||2022|2022|2022|2021|
||Bank interest||||||317|
|6.|EXPENDITURE ON CHARITABLE|||ACTIVITIES CURRENT YEAR||||
|||||Direct|Support|Total|Total|
|||||Costs|Costs|2023|2022|
|||||||E||
||ESFA Community
Grant|(EQUIP)||1,108,745|92,712|1,201,457|1,771,228|
||Church Street Neighbourhood||Centre||||54,216|
||Employment
(DWP Kickstart)|||26,051|2,178|28,229|243,655|
||ESFA Mayor's Academies|||302,234|25,273|327,507||
||Stowe Community
Centre|||231.237|19,336|250,573|165,423|
||Skills and Training Centre (GLA)|||616,763|51,573|668,336|418,957|
||Community
Champions|||352,233|29,453|381,686|368,355|
||BigLottery Fund (BBO)|||583,779|48,815|632,594|699,037|
||StMary Magdalene's
Project||||||195,560|
||Grand Junction|||556,682|46,549|603,231|293,751|
||Total|||3,777,724|315,889|4,093,613|4,210,182|
||EXPENDITURE ON CHARITABLE|||ACTIVITIES PRIOR YEAR||||
|||||Direct|Support|Total|Total|
|||||Costs|Costs|2022|2021|
||||||||E|
||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 Community
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|195,560|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|
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|7.|ANALYSIS OFDIR|EC|T COSTS||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||||2023|2022|
|||||||||E|
||Wages and salaries||||||1,140,518|970,907|
||Tuition fees and consultancy||||||232,251|131,000|
||Premises/office
costs||||||359,018|298,603|
||Youth and community||support events costs||||214,883|203,641|
||St.Mary Magdalene|project professional|||fees|||36,473|
||Programme
partners|costs/grants||payable to institutions|||1,726,917|2,156,709|
||Other direct costs||||||104,137|99,502|
||||||||3,777,724|3,896,835|
|8.|ANALYSIS OF SUPPORT COSTS||||||||
||||||||2023|2022|
||||||||E||
||Staff Costs||||||247,712|227,168|
||Insurance and bank|charges|||||6,187|4,924|
||Sundry||||||||
||StaH training|||||||12,973|
||Maintenance
ofcomputers|||||||1,306|
||Office costs||||||6,006|20,450|
||Subscriptions||||||12,477|5,106|
||Printing,
stationery|and|computer|consumables|||4,359|2,594|
||Communication
costs||||||4,039|3,566|
||Travel||||||3,971|698|
||Legal and professional||fees||||1,647|900|
||Governance
costs (note||9)||||19,997|18,908|
||Depreciation
—furniture||and equipment||||3,316|2,191|
||Consultancy||||||3,678|3,862|
||London Community|Commission||sponsorship||(")|2,500|5,000|
||COVID support projects|||||||1,700|
||CMA Annual Award|||||||2,000|
||||||||315,889|313,346|
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||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Staff costs|||13,037|11,956|
|Auditors'|remuneration||7,000|7,000|
|Auditors'|remuneration|prior year|(40)|(48)|
||||19,997|18,908|
|10.|NET INCOM
XPENDITUR|
|---|---|
||Net income/(expenditure)
for the year is stated after charging:|
|2023|2022|
|---|---|
|3,316|2,191|
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||expenses were reimbursed
to Trustees duri|ng the year (2022: Qul).||
|---|---|---|---|
|12.|STAFF COSTS|2023|2022|
|||E|E|
||Salaries and wages|1,211,421|1,068,982|
||Social security costs|100,242|95,234|
||Pension costs|53,409|45,815|
|||1,365,072|1,210,031|
|function was|:||||
|---|---|---|---|---|
||||2023|2022|
||||Number|Number|
|Direct charitable||activities|31|30|
|Management|and|administration|5|4|
||||36|34|
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||Office equipment
and furniture|
|---|---|
|COST|E|
|At 1April 2022|67,247|
|Additions|6,746|
|At 31March 2022|73,993|
|DEPRECIATION||
|At1April 2022|60,729|
|Charge for the year|3,316|
|Disposals|(-)|
|At31March 2023|64,045|
|NET BOOK VALUE||
|At 31March 2023|9,948|
|At 31March 2022|6,518|
|||2023|2022|
|---|---|---|---|
||||E|
|Government|grants due|369,731|206,047|
|Sundry debtors and prepayments||9,387|33,141|
|||379,118|239,188|
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||2023|2022|
|---|---|---|
||E||
|Trade creditors|85,096|16,672|
|Grants payable|218,635|74,026|
|Accruals and deferred income|87,707|275,001|
|Other taxes and social security||24,639|
|Other creditors|9,634||
||401,072|391,338|
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|2023|2022|
|---|---|
|147,396|152,396|
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|STATEMENT OF FUNDS CUR|RENT|YEAR||||
|---|---|---|---|---|---|
|At 1|April|Income|Expenditure|Transfers|At 31March|
||2022||||2023|
||||E||E|
|Restricted funds||||||
|Education and Skills Funding||||||
|Agency (ESFA)||1,108,745|(1,108,745)|||
|BigLottery Fund (BBO)||577,543|(577,543)|||
|Tri-borough
Public Health||236,630|(236,630)|||
|DWP kickstart||34,553|(34553)|||
|ESFGLA Mayor's Academies||421,351|(421,351)|||
|GLA Good Work for All||559,185|(559,185)|||
|Donations
—Charitable
Trusts||||||
|and Foundations||297,247|(297,247)|||
|The Heritage Lottery Fund||56,023|(56,023)|||
|Grand Junction rent &concession||107,446|(137,889)|(30,443)||
|Total restricted funds||3,398,723|(3,429,166)|30,443||
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||Land and Buildings||
|---|---|---|
||2023|2022|
||E||
|Within one year|17.227|19,712|
|After one year but within five years|39,257|19,208|
|Greater than five years|14|4,815|
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