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2021-03-31-accounts

Charity Registration No. 1081903

Company Registration No. 04037793 (England and Wales)

BRENT ADOLESCENT CENTRE

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

BRENT ADOLESCENT CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION PAGE

Trustees Mr P J Bard BCom MBA MSc (Chair)
Dr B L Roberts MBChBFRCPsych
Dr F M Hare (the Earl of Listowel) PhD
Pessi Elias
Mr Randy Mannie (Treasurer)
Mr Gideon Hadary
Mr Simon Dodds
Mr Ian Barnes
Anoushka Babber
Chief Executive Dr M J A de Sauma MD, F. Inst. Psychoanal.
Company Secretary Dr M J A de Sauma MD, F. Inst. Psychoanal.
Charity number 1081903
Company number 04037793
Registered office 51 Winchester Avenue
London
NW6 7TT
Auditor HW Fisher LLP
Acre House
11-15 William Road
London
NW1 3ER
United Kingdom
Investment managers Seven Investment Management LLP
55 Bishopsgate
London
EC2N 3AS
Bankers HSBC Bank UK Plc

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 13
Statement of trustees' responsibilites 14
Independent auditor's report 15 - 17
Statement of fnancial actvites 18 - 19
Balance sheet 20
Statement of cash fows 21
Notes to the fnancial statements 22 - 35

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Board of Trustees are pleased to present their Trustees’ Annual Report and financial statements for the year ending 31 March 2021. The Trustees’ Annual Report contains a Directors’ Report as required by company law. The financial statements comply with the requirements of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The main objectives of the charity as set out in the charity’s Articles of Association and memorandum are to provide assessment, treatment and interventions, and information to young people in the areas of Health (mainly Mental Health) and other areas relevant to young people, and to research into adolescence and the causes of adolescent breakdown.

The principal activities of the charity continue to be the provision of services to young people in the area of Mental Health and development of a clinical audit, an outcome study on adolescent psychotherapy and research into adolescent breakdown. The Brent Adolescent Centre (BAC) provides Adolescent Exploratory Therapy (AET) and Psychotherapy services to help young people who experience a range of emotional and mental health difficulties. The most prevalent problems across all service users in the past year include:

These challenges can be addressed head-on though the Centre’s range of therapy services. If they aren’t talked through in early adulthood, the problem presented can significantly impair mental and physical health, and limit young people’s ability to progress into fulfilling adult lives.

Increasingly complex difficulties that the Centre’s young people faced included:

This year, we saw a significantly higher proportion of young people who showed signs of severe anxiety in relation to exams and academic performance. It seems likely that this is related to the educational disruption caused by Covid.

The aim is to help young people make positive changes and improve their wellbeing. This can lead to:

1

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Centre’s activities are provided through eight projects, Individual Adolescent Exploratory Therapy (AET), Individual Psychotherapy, Parental Support and Family Therapy, Practical Support, Young Offenders Project, Schools Services, Sport and Thought and Research. AET, Psychotherapy, Parent Support and Family Therapy, Practical Support and Research activities are undertaken at Laufer House and the other projects take place in outreach locations such as Schools and the Brent Youth Offending Services.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Brent Adolescent Centre reviews its activities each year against its activities and outcomes from the previous 12 months. The Trustees have paid due regard to the Charity Commission’s guidance on public benefit when reviewing its aims and objectives and deciding the activities the charity undertakes.

ACHIEVEMENTS AND PERFORMANCE

Brent Adolescent Centre is delighted that it helped 602 young people (2019/20: 649) through 731 cases during the period (2019/20: 852 cases), during the period total appointment offered were 8,162 (28% increase) (2019/20: 6,399 appointments). The Centre helped 182 (2019/20: 268) young people and families – totaled by recording separate types of cases - at Laufer House (in-house services) offering 3,686 (2019/20: 2,929) appointments, 386 cases (2019/20: 477) through the Brent Centre’s Schools and Sport & Thought Services offering 3559 (2019/20: 3,143) appointments and 44 young people (2019/20: 107) at the Brent Youth Offending Service offering 322 (2019/20: 327) appointments. The number of young people helped were slightly less than previous year due to covid-19 we had to adapt the services to deliver remotely via online and telephone but we managed to continue all our services through the pandemic and lockdown, offering more appointment compared to previous year, due to increase in more complex and severe cases.

Crisis Project

Responding swiftly to the pandemic, the Centre launched an enhanced intervention in our schools, providing varying lengths of treatment through reflection groups, assemblies, and 1:1 therapy. This helped to reach a wider population, including students who may not have presented with overt problems. From the group work, 80% of students improved or stabilized their academic performance, and 96% improved or stabilized their suicidal ideation. Through Crisis project group and assemblies work we were able to reach 3,964 students in our schools programme.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

We received overwhelmingly positive feedback on our enhanced service, with one of our school partners saying:

‘The funded short-term service has been a real asset to our therapeutic work at Preston Manor, it was timely and effective, providing support when we most needed it and adding a level of versatility and agile responsiveness which we would otherwise have lacked…’

The Centre provided 728 (2019/20: 7 7 6 ) individual appointments to 186 (2019/20: 188) professionals in Schools, Youth Offending Service. The Centre also provided 64 (2019/20: 51) group appointments to professionals in Schools and at the Youth Offending Service.

The Brent Adolescent Centre has continued to develop its outreach therapeutic work in 11 schools in the borough of Brent and Ealing, including 4 new partnerships, and the Brent Youth Offending Service. During the period, the Brent Adolescent Centre continued to run and develop the ‘Sport and Thought’ project, which combines mental health counselling with football, in two schools and the OK Club. The young people BAC supported through Sport & Thought usually struggle to regulate their emotions and display challenging behavior, and often are at risk of exclusion.

The young people who used BAC services during 2020/21 were aged between 4 and 24, including primary schools, and their ethnicities reflect the diversity of the London Borough of Brent and the other boroughs in which the Brent Adolescent Centre works.

To assess the impact of their work on young people, the Brent Centre conducts regular clinical audits of their service. Therapists regularly provide assessments of their patients, so that it is possible to track progress over time and understand the impact of therapy. Young people are also asked to periodically complete a self-assessment, which helps us to build a picture of their own sense of wellbeing and any changes. By comparing the data from a young person’s initial assessment with their closing or most recent assessment, we can measure change in presentation and provide an indicator of therapeutic progress. The information from these assessments Is measured according to five key outcome areas for each young person: mental health/emotional difficulties, social functioning, academic/employment functioning, risks towards self and risks towards others.

Note: the therapeutic context acknowledges stabilisation of difficulties is an important step towards recovery, as such it is recognised as an achievement. Improvements in specific areas not necessarily means total recovery.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Outcomes for Mental Health/Emotional Difficulties

Across both In House and Schools service, we saw significant therapeutic achievements in mental health and emotional difficulties. Where the issue was relevant to the young person, 98% stabilized or improvement in relation to gender anxiety issues, 94% stabilized or improved their obsessive compulsive behaviours, 92% improved or stabilized their anxiety, and 84% improved or stabilized with respect to depression/low mood.

----- Start of picture text -----
Outcomes for mental health/emotional difficulties
Dissociation
Inappropriate affect
Suspiciousness/ Persecutory ideation
Anxieties about sexual orientation
Gender identity issues
Somatic symptoms
Eating problems
Sleep disturbances
Post-traumatic stress
Obsessive compulsive behaviours
Phobias
General anxiety
Confusion
Depression/ low mood
0% 20% 40% 60% 80% 100%
Improved Stabilised
----- End of picture text -----

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Outcomes for Social Functioning

Social Functioning metrics showed therapeutic achievement in relation to low self-esteem (93% improved or stabilised), experience of bullying (88% % improved or stabilised), difficult family relationships (87% % improved or stabilised), social anhedonia (87% % improved or stabilised), and peer relationship difficulties (84% % improved or stabilised).

Outcomes for social functioning difficulties

----- Start of picture text -----
Experience of bullying
Difficult relationship with peers
Difficult relationship with family
Low self-esteem
Social anhedonia
0% 20% 40% 60% 80% 100%
Improved Stabilised
----- End of picture text -----

Outcomes for Academic Functioning

Academic Functioning metrics showed therapeutic achievement in relation to capacity to engage in and enjoy leisure activities (92% improved or stabilized), academic performance (85% improved or stabilized), poor school attendance (85% improved or stabilized), concentration difficulties (83% improved or stabilized) and exam or performance anxieties (79% improved or stabilized)

Outcomes for academic functioning difficulties

----- Start of picture text -----
Exam/ performance anxieties
Difficulty to concentrate
Poor attendance
Leisure/ hobbies/activities
Academic performance
0% 20% 40% 60% 80% 100%
Improved Stabilised
----- End of picture text -----

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Outcomes for Risks Towards Others

Measures of therapeutic achievement in risk factors towards others showed 100% improved or stabilized with respect to criminality, 98% improved or stabilized with respect to physical aggression, 96% improved or stabilized with respect to verbal aggression, 95% % improved or stabilized with respect to thoughts of harming others, and 94% improved or stabilized with respect to delinquent behaviour.

----- Start of picture text -----
Outcomes for risks towards others
Criminality
Verbally aggressive
Physically aggressive
Delinquent behaviour
Thoughts of harming others
0% 20% 40% 60% 80% 100%
Improved Stabilised
----- End of picture text -----

Outcomes for Risks Towards Self

Measures of therapeutic achievement in risk factors toward self, where relevant to a young person, showed 99% improved or stabilized with respect to alcohol misuse, 96% improved or stabilized with respect to drug misuse, 92% improved or stabilized with respect to self-harm, 91% improved or stabilized with respect to suicide ideation, 91% improved or stabilized with respect to impulsivity, and 89% improved or stabilized with respect to suicide risk.

----- Start of picture text -----
Outcomes for risks towards self
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----- Start of picture text -----
Suicide risk
Suicide ideation
Self-harm
Impulsivity
Drug misuse
Alcohol misuse
0% 20% 40% 60% 80% 100%
Improved Stabilised
----- End of picture text -----

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

“Getting acquainted with anger” – A Schools Case Study:

Rebecca is 16 and was referred to our service after repeatedly getting into trouble for aggressive outbursts at school. The school had tried everything but no amount of reasoning helped Rebecca once she felt treated unfairly and she was at real risk of being permanently excluded.

But Rebecca’s family life was not well-known to school staff and her work with her therapist uncovered the reality of her difficult home life – that she lived in a refuge with her mother and an older sister who had significant needs of her own. They lived all together in one room unsure if this was a permanent home or whether they’d be moved on. Growing up in poverty, with her father working abroad, Rebecca had been left to fend for herself throughout much of her childhood.

Rebecca had a real fear that if she opened up about her feelings this would only lead to her being let-down. But overtime, the trusted relationship she built up with her therapist provided Rebecca with a reliable and thoughtful space where she felt listened to.

This process of opening up and talking about her problems enabled Rebecca to understand what caused her anger and better manage her emotions. Now when Rebecca becomes angry, or feels slighted, she is able to understand the experience enough to give herself a way out without becoming aggressive. This led to less school isolations and improved her ability to concentrate on her studies. By the end of the treatment, Rebecca was able to take her GCSE’s, and discussed with her therapist plans to apply to college. More importantly, her therapist also felt Rebecca's new self-awareness and new understanding of her own feelings would stand her in good stead when facing challenging situations in the future.

FINANCIAL REVIEW

For the financial year ending 31March 2021, the Brent Adolescent Centre received funding from the following organisations who kindly donated towards the different projects.

For the in-house and Irish Projects and the development of our private service: Brent CCG, John Lyon’s Charity, The Government of Ireland: Emigrant Support Programme, Irish Youth Foundation, the National Lottery Community Fund –RC London and South East Region, Comic Relief, London Borough of Brent, Young Brent Foundation, The Pantheon Charitable Trust, The Prism Charitable Trust, Garfield Weston Foundation, DM Thomas Foundation, Charity Aid Foundation, Jusaca Charitable Trust and Julius Silman Charitable Trust. For Schools and Sport & Thought projects: the City of London’s Corporation’s Charity - City Bridge Trust, Comic Relief, Bridgepoint Charitable Trust, John Lyon’s Charity and Lehman Brothers Foundation Europe. For the Youth Offending Service project: BBC Children In Need and Dentons UKMEA LLP Charitable Trust. For organisation core costs Charities Aid Foundation and Peter Stabbing Memorial Trust.

At the end of the year, 2020/21, the Brent Adolescent Centre had total incoming resources amounting to £1,133,914 (2020: £941,812) including capital income. The total resources expended were £1,241,987 (2020: £1,021,546) with the net movement in funds – surplus £55,169 (2020: deficit £165,332).

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Brent Adolescent Centre remains highly dependent on the generosity of our donors for our daily activities. Demand for our expertise and services to vulnerable young people has never been greater. The main sources of income for the Brent Adolescent Centre have been through Brent CCG, Schools and Grant Making Trusts to provide the services to young people to date, and we expect this to remain the case, whilst we adopted to work during the pandemic and begin to implement our strategic plan.

RESERVES POLICY

Brent Adolescent Centre's policy is to set aside enough funds, equivalent to between six to nine month’s expenditure to give the charity a reliable safety net against financial fluctuations.

Each year the Executive Committee of Trustees reviews the appropriate level of reserves by assessing the risks facing the Brent Adolescent Centre and the potential financial impact of these. The policy requires the Trustees to ensure that the reserves are adequateto:

As at the end of the year, of the total reserves, the amount of free reserves held by the Brent Adolescent Centre was £1,012,211 which is approx. nine months of the charity’s expenditure. The Trustees review the activities and expenditure of the charity and consider which services and expenditure could be reduced, if needed.

The charity is wholly dependent on regular and consistent funding in order to carry out its work with Young People. Whilst our fundraising activity results in a spread of income from a broad range of sources, some of which is longer term, the impact of sudden and major loss in income would impose a significant risk on our ability to maintain our activities. However, our reserves policy provides for a period of stability. In addition, the Centre owns the freehold interest in its building in Brondesbury Park, providing further security in extremis. Further risks which have been identified include allegations of impropriety of our personnel and more usual risks associated with natural catastrophes, such as fire, flood, communications failure, data breach, etc. (most of which are covered by our insurance, in any case). Risks are reviewed regularly.

Brent Adolescent Centre aims to keep the amount invested in reserves such that, most of the income can be spent on the services that it provides to young people, while also ensuring reasonable financial security.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

A Summary of the Impact of Coronavirus (Covid-19) on operations at Brent Centre

At the time of writing this report, the UK was still fighting the impacts of COVID-19. In mid-March 2020, Government guidelines dictated that we needed to close our Centre as we were unable to guarantee social distancing for our staff, trainees, service users and visitors. The Covid-19 control measures affected the charity’s activities in the following ways;

Response:

PLANS FOR FUTURE PERIODS

At the time of writing this report we have opened all our services face to face. Our clinic at Laufer house is opened as usual for the patients and families to provide clinical services. Our schools and outreach staff are providing face to face services at the schools and youth centres face to face.

The Brent Adolescent Centre is looking forward to enhancing its services over the next year, working towards providing greater provision of mental health services for young people through all projects subject to funding. The trustees, along with senior management are continuing to develop Strategic Plan according to the charity’s aims and objectives. Through these plans we will fine tune our organisation to reach and support as many young people as possible and see their lives transformed. We are working in a colloboration with The Institute of Psychoanalysis (British Psychoanalytical Society) at Byron House, 112a Shirland Road, Maida Vale, London W9 2BT, in the London Borough of Westminster, to provide the psychotherapy clinic similar to the one we have at Laufer House in Brent. The Institute of Psychoanalysis is the oldest psychoanalytic organisation in the UK with more 100 years of history. We have started pilot work in November 2021 at the London Borough of Westminster. We are also working to start two new schools in Ealing Borough from 2022 supported by John Lyon’s Charity. We have signed new service level agreement with ScotsCare to provide our clinical services to their young people and their families, who come from Scottish descent and lives in London. This new areas of work will help expand our strategic reach to other borough of London and providing our much needed services to the young people, who are in need more than before due to increase in mental health issues and impact of the Covid-19 pandemic.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Brent Adolescent Centre is a registered charity (1081903). The charity is set up under its Memorandum and Articles of Association as a company limited by guarantee (registration number 04037793). The company was incorporated on 17 July 2000. Prior to this, the unincorporated charity operated as Centre for Research into Adolescent Breakdown.

The Board of Trustees are the charity's Trustees and the legal directors of the company. They are eligible for reappointment every three-years at the Annual General Meeting. As the need to recruit new Trustees arises Brent Adolescent Centre analyses the skills and capacity of its current board. The Brent Adolescent Centre will then seek to identify potential candidates who will bring relevant knowledge and experience to the board in line with its needs. Candidates are then invited to apply. The current board will discuss the candidates and select new Trustees who must be appointed at a Board meeting. Training needs of Trustees are identified by the Chair of Trustees with the Board.

The Trustees who served during the year were:

Mr P J Bard BCom MBA MSc (Chair)

Dr B L Roberts MBChB FRCPsych

Dr C R S Anderson MRCP FRCPsych (Resigned 15 July 2020)

Dr F M Hare (the Earl of Listowel) PhD

Mrs Danielle Sinclair (appointed 26 February 2020, resigned 15 July 2020)

Pessi Elias

Mr Randy Mannie (Treasurer)

Mr Gideon Hadary

Mr Simon Dodds

Mr Ian Barnes

Anoushka Babber

Key management personnel

Chief Executive Officer and Company Secretary :

Dr M J A de Sauma MD, F. Inst. Psychoanal.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Board of Trustees meet at least five times a year. The Board set and review strategy and monitor operational matters. The Management and Finance Committee is a sub-committee of the Board of Trustees which includes the Chair, Treasurer, 3 Trustees and the Chief Executive Officer. They meet to review the general and financial management of the Centre, annual financial statements, matters relating to internal and external audits, investment and reserves' policies and changes in remuneration of staff. Other sub- committees are the Schools Sub-Committee, Private Services Sub-committee, Fundraising, development & Communications and Governance Working party. All recommendations from subcommittees are presented at subsequent Trustees’ meetings and a decision is finalised by the board.

The Chief Executive Officer (CEO) and Clinical Director was appointed by the Board of Trustees to manage the running of the organisation. In the absence of the CEO and Clinical Director there is a senior management team consisting of the Research Manager, Head of Finance and Resources, Head of Clinical Services and Head of Private Services to help with the strategy and management of the organisation. The CEO and Clinical Director is the manager of heads of the departments, all the heads of the departments manage their respective departments, Finance & resources, Fundraising, Communications, Clinical Services (In-House and Outreach services), Research, and private services. All clinical in-house and outreach staff attend clinical meetings and are allocated a small supervision group.

The Trustees are provided with an induction and invited to attend the Clinical and Psychotherapy meetings. Trustees also meet with heads and managers of different departments and services to get a better understanding on how the organisation operates. The CEO and Clinical Director sends Trustees a list of possible training courses.

The CEO and Clinical Director is in charge of setting the pay and remuneration for management personnel. These are presented to the Board of Trustees who discuss the implications on the budget before approving.

Internal control and risk management

The Board of Trustees is responsible for ensuring that the Brent Adolescent Centre has an appropriate system of financial controls that regulates the efficient and effective operation of the charity. The Trustees also have to ensure that the charity complies with relevant laws and regulations and approve policies relating to them.

Brent Adolescent Centre policies are initially written by the member of staff most involved in that policy area in conjunction with the Head of Finance and Resources. The policy is then reviewed and amended by the CEO before submitting to the Board of Trustees for approval. If a policy is not approved, the Trustees will comment and it will be returned to the CEO and other staff. Decision making is taken at the most appropriate level depending on the risk involved. All decisions are made with the knowledge of the CEO. For decisions that involve a large commitment or level of risk to the organisation, the Board's approval is required.

Disclosure of information to auditor

Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEE ’ S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Auditor

In accordance with section 485 of the Companies Act 2006, a resolution proposing that HW Fisher LLP be reappointed as auditor of the company will be put to the Annual General Meeting.

On behalf of the Board of Trustees

P J Bard BCom MBA MSc Trustee

Dated: 22 Jan 2022

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13

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The Trustees, who are also the directors of Brent Adolescent Centre for the purpose 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 Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that 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 Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF BRENT ADOLESCENT CENTRE

Opinion

We have audited the financial statements of Brent Adolescent Centre (the ‘Charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BRENT ADOLESCENT CENTRE

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of trustees' responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENf AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF BRENT ADOLESCENT CENTRE A further description ot our resp)n51￿'1rtieS is available on the Financial Rewrting Councll's wetsite at.. https-.IIvKbYW.frc.or8.ukl audltorsre5ponsibllities. This description forms part of audr(orfs ￿port Ust of report This report is made solelyto the charrtable tompany's members, as a boihf. in accordance with Chapter 3 of Part 16 01 the Companles Act 2006. Our audrc work has been undertaken so that we miRht state to the charitable company's memters those rnatters we are required to state to them in an audr(orfs report and for no other purpose. To the fullest e*ent permitted by law, we do not accept or assume responsibility to anwne other than the charitable cornparry and the charitsble cornpany's mernbvs OS a bDdyi for our audit work. forthls report. orfor the Opinio￿ we have forrned. $3ile5h Meht¥ IS¢rtlo¢ Stat￿Ory Aud11￿> forand on behalf of HW Fi5h•r LLP Chartered Accountsryts StatutoryAuditor Acre House 11-15 William Road London NWI 3ER United Kingdom 17-

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Current fnancial year
Unrestricted
Unrestricted
funds
funds
general
designated
2021
2021
Notes
£
£
Income and endowments from:
Donatons
3
397,273
-
Charitable actvites
4
298,416
-
Investment income
5
10,222
-
Other income
6
6,560
-
Total income
712,471
-
Expenditure on:
Raising funds
7
120,067
-
Clinical services
8
691,685
8,792
Total resources expended
811,752
8,792
Net gains/(losses) on investments
12
163,242
-
Net movement in funds
63,961
(8,792)
Fund balances at 1 April 2020
948,250
476,978
Fund balances at 31 March 2021
1,012,211
468,186		 Restricted
funds
2021
£
421,443
-
-
-
421,443
-
421,443
421,443
-
-
81,611
81,611		 Total
2021
£
818,716
298,416
10,222
6,560
1,133,914
120,067
1,121,920
1,241,987
163,242
55,169
1,506,839
1,562,008		 Total
2020
£
630,809
294,719
16,284
-
941,812
96,584
924,962
1,021,546
(85,598)
(165,332)
1,672,171
1,506,839

The statement of financial activities includes 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.

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Prior fnancial year
Unrestricted
Unrestricted
funds
funds
general
designated
2020
2020
Notes
£
£
Income and endowments from:
Donatons
3
226,577
-
Charitable actvites
4
294,719
-
Investment income
5
16,284
-
Total income
537,580
-
Expenditure on:
Raising funds
7
96,584
-
Clinical services
8
387,661
135,569
Total resources expended
484,245
135,569
Net gains/(losses) on investments
12
(85,598)
-
Gross transfers between funds
(8,082)
8,082
Net movement in funds
(40,345)
(127,487)
Fund balances at 1 April 2019
988,595
604,465
Fund balances at 31 March 2020
948,250
476,978		 Restricted
funds
2020
£
404,232
-
-
404,232
-
401,732
401,732
-
-
2,500
79,111
81,611		 Total
2020
£
630,809
294,719
16,284
941,812
96,584
924,962
1,021,546
(85,598)
-
(165,332)
1,672,171
1,506,839

The statement of financial activities includes 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.

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one year
17
Net current assets
Total assets less current liabilites
Income funds
Restricted funds
19
Unrestricted funds
Designated funds
20
General unrestricted funds		 2021
£
311,510
411,813
723,323
(197,071)
468,186
1,012,211		 £
168,186
867,570
1,035,756
526,252
1,562,008
81,611
1,480,397
1,562,008		 2020
£
118,923
658,996
777,919
(151,004)
476,978
948,250		 £
176,978
702,946
879,924
626,915
1,506,839
81,611
1,425,228
1,506,839

The financial statements were approved by the Trustees on .........................22 Jan 2022

.............................. P J Bard BCom MBA MSc Trustee

Company Registration No. 04037793

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash fows from operatng actvites
Cash absorbed by operatons
22
Investng actvites
Purchase of tangible fxed assets
Net cash used in investng actvites
Net cash used in fnancing actvites
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
£
(247,183)
-
-
-
(247,183)
658,996
411,813		 2020
£
£
(148,471)
(8,082)
(8,082)
-
(156,553)
815,549
658,996

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Company information

Brent Adolescent Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 51 Winchester Avenue, London, NW6 7TT.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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 (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

The trustees have considered the effect of the Covid-19 outbreak. The outbreak has caused little disruption to the company’s business to date, as the charity's clinical services have been provided using online platforms. We had to close the centre, but we continued our services online and by telephone. Income has continued to be received from the multi-year grant agreements and staff have worked from home and attended meetings online. The trustees consider it unlikely that a prolonged outbreak will cause significant disruption. All our funders were particularly supportive during this lockdown period. We re-opened the partial clinical services at the centre from October 2020 and continued to provide services. We restored the outreach services to the schools fully with the re-opening of the schools from the new academic year. Accordingly, at the time of approving the financial statements, the trustees have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 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.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grant income is recognised in full in the year in which it is receivable unless there are specificperformance related conditions that prevent its recognition and instead the income is deferred.

Government grants are recognised at the fair value of the amount received or receivable when thereis reasonable assurance that the grant conditions will be met and the grants will be received. The charity has received grants under the Coronavirus Job Retention Scheme. The scheme is designed to compensate for staff costs, so amounts received or receivable are recognised in the income statement as part of other income over the same period as the costs to which they relate. Government grants are accounted for under the accrual model.

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Staff costs not directly identified have been allocated on the following basis:

Fundraising costs Direct cost Support costs 12% of total cost Direct charitable activities 88% of total cost

1.6 Tangible fixed assets

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

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold property 3% on reducing balance Equipment 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

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

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, other than investments, are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.11 Retirement benefits

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

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

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.

The Trustees do not consider there to be any critical accounting estimates or judgements applied in the preparation of the financial statements.

3 Donations

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
general general
2021 2021 2021 2020 2020 2020
£ £ £ £ £ £
Donatons and gifs 397,273 421,443 818,716 226,577 404,232 630,809

4 Charitable activities

Service level agreements
Donated goods & services		 2021
£
298,416
-
298,416		 2020
£
294,196
523
294,719
Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Bank interest receivable 10,222 16,284

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6
7		 Other income
Unrestricted
Total
funds
general
2021
2020
£
£
CJRS government grant
6,560
-
Raising funds
Unrestricted
Unrestricted
funds
funds
general
general
2021
2020
£
£
Fundraising and publicity
Fundraising costs
2,400
2,168
Staf costs
108,827
85,580
Fundraising and publicity
111,227
87,748
Investment management
8,840
8,836
120,067
96,584		 Total
2020
£
-
87,748
8,836
96,584

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8
Clinical services
Staf costs
Depreciaton and impairment
Consultancy
Other
Share of support costs (see note 9)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
9
Support costs
Support costs
Governance
costs
£
£
Staf costs
134,515
-
Head ofce costs
33,523
-
Other costs
92,501
-
Audit fees
-
11,413
260,539
11,413
Analysed between
Charitable actvites
260,539
11,413
2021
£
837,197
8,792
-
3,979
849,968
260,539
11,413
1,121,920
691,685
8,792
421,443
1,121,920
2021
Support costs
Governance
costs
£
£
£
134,515
86,277
-
33,523
39,736
-
92,501
68,884
-
11,413
-
6,300
271,952
194,897
6,300
271,952
194,897
6,300		 2020
£
701,511
7,569
6,498
8,187
723,765
194,897
6,300
924,962
387,661
135,569
401,732
924,962
2020
£
86,277
39,736
68,884
6,300
201,197
201,197

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

There were no reimbursed expenses to trustees during the year (2020: nil).

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

11 Employees

Number of employees

The average monthly number of employees during the year was:

Management and administratve staf
Research and clinical staf
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneraton was £60,000 or more were:
£90,000-£99,999		 2021
Number
9
27
36
2021
£
959,121
83,752
37,666
1,080,539
2021
Number
1		 2020
Number
10
23
33
2020
£
768,267
66,263
38,838
873,368
2020
Number
1

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, Executive Assistant to the Chief Executive Officer, Head of Finance & Resource and Administration and Finance Manager. The total benefits of the key management personnel of the charity were £255,303 (2020: £241,997). Pension costs in respect of higher paid employees was £9,410 (2020: £15,525).

12 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Revaluaton of investments 131,819 (99,177)
Gain/(loss) on sale of investments 31,423 13,579
163,242 (85,598)

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

13
Tangible fxed assets
Cost
At 1 April 2020
At 31 March 2021
Depreciaton and impairment
At 1 April 2020
Depreciaton charged in the year
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 Freehold
property
Equipment
£
£
341,440
40,806
341,440
40,806
173,640
31,628
5,034
3,758
178,674
35,386
162,766
5,420
167,800
9,178		 Total
£
382,246
382,246
205,268
8,792
214,060
168,186
176,978

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

14 Fixed asset investments

Listed
investments
Cash in portolio
£
Cost or valuaton
At 1 April 2020
630,255
72,691
Additons
323,071
(323,071)
Valuaton changes
131,819
-
Investment income
-
10,222
Management charges
-
(8,840)
Disposals
(276,743)
308,166
At 31 March 2021
808,402
59,168
Carrying amount
At 31 March 2021
808,402
59,168
At 31 March 2020
630,255
72,691
15
Financial instruments
2021
£
Carrying amount of fnancial assets
Instruments measured at fair value through proft or loss
808,402
16
Debtors
2021
Amounts falling due within one year:
£
Trade debtors
305,426
Other debtors
669
Prepayments and accrued income
5,415
311,510		 Total
£
702,946
-
131,819
10,222
(8,840)
31,423
867,570
867,570
702,946
2020
£
630,255
2020
£
111,597
-
7,326
118,923

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxaton and social security
Trade creditors
Other creditors
Accruals and deferred income		 2021
£
30,339
9,424
-
157,308
197,071		 2020
£
24,905
21,338
1,184
103,577
151,004

Included in accruals and deferred income is £104,764 of deferred income. £59,103 was brought forward and released in the year.

18 Retirement benefit schemes

Defined contribution schemes

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £37,666 (2020 - £38,838).

Balance at 31 March 2021 £ - 59,111 - - 7,500 - - - 15,000 - - 81,611
Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donatons and grants held on trust for specifc purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Balance at
Incoming
Resources		 1 April 2019
resources
expended
1 April 2020
resources
expended		 £
£
£
£
£
£		 In House Projects
-
92,000
(92,000)
-
105,132
(105,132)		 Development Fund
59,111
-
-
59,111
-
-		 Schools Project
-
56,829
(56,829)
-
77,139
(77,139)		 YOS Project
-
70,218
(70,218)
-
32,386
(32,386)		 Strength Review (Big Lotery)
15,000
-
(7,500)
7,500
-
-		 AET Project
-
25,000
(25,000)
-
-
-		 Sport and Thought
-
51,926
(51,926)
-
42,540
(42,540)		 Healthy Minds Brighter Future (Big Lotery)
-
66,034
(66,034)
-
132,068
(132,068)		 Capital Project
5,000
14,500
(4,500)
15,000
-
-		 Comic relief Red shade
-
26,559
(26,559)
-
32,178
(32,178)		 Fun ft families workshop
-
1,166
(1,166)
-
-
-		 79,111
404,232
(401,732)
81,611
421,443
(421,443)
19

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

20 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 April 2019
Resources
expended
£
£
Fixed Asset Funds
176,465
(7,569)
Strategic Plan Implementaton
128,000
(128,000)
Research Projects
150,000
-
Educaton and Training
Development
150,000
-
604,465
(135,569)		 Transfers
Balance at
1 April 2020
Resources
expended
Balance at
31 March 2021
£
£
£
£
8,082
176,978
(8,792)
168,186
-
-
-
-
-
150,000
-
150,000
-
150,000
-
150,000
8,082
476,978
(8,792)
468,186		 Transfers
Balance at
1 April 2020
Resources
expended
Balance at
31 March 2021
£
£
£
£
8,082
176,978
(8,792)
168,186
-
-
-
-
-
150,000
-
150,000
-
150,000
-
150,000
8,082
476,978
(8,792)
468,186
468,186

Fixed asset fund - equates to the value of fixed assets at the balance sheet date. The transfer above, equalling fixed asset net book value, has been made for this purpose.

Total 2020 £ 176,978 702,946 626,915 1,506,839
Restricted funds 2020 £ - - 81,611 81,611
Designated funds 2020 £ 176,978 300,000 - 476,978
Unrestricted funds 2020 £ - 402,946 545,304 948,250
Total 2021 £ 168,186 867,570 526,252 1,562,008
Restricted funds 2021 £ - - 81,611 81,611
Designated funds 2021 £ 168,186 300,000 - 468,186
Unrestricted funds 2021 £ - 567,570 444,641 1,012,211
Analysis of net assets between funds Fund balances at 31 March 2021 are represented by: Tangible assets Investments Current assets/(liabilites)
21

BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

22
Cash generated from operatons
2021
2020
£
£
Surplus/(defcit) for the year
55,169
(165,332)
Adjustments for:
Investment income recognised in statement of fnancial actvites
(10,222)
(16,284)
Gain on disposal of investments
(31,423)
(13,579)
Fair value gains and losses on investments
(131,819)
99,177
Investment management charges
8,840
8,836
Depreciaton and impairment of tangible fxed assets
8,792
7,569
Movements in working capital:
(Increase) in debtors
(192,587)
(5,286)
Increase/(decrease) in creditors
46,067
(63,572)
Cash absorbed by operatons
(247,183)
(148,471)
23
Analysis of changes in net funds
The Charity had no debt during the year.		 22
Cash generated from operatons
2021
2020
£
£
Surplus/(defcit) for the year
55,169
(165,332)
Adjustments for:
Investment income recognised in statement of fnancial actvites
(10,222)
(16,284)
Gain on disposal of investments
(31,423)
(13,579)
Fair value gains and losses on investments
(131,819)
99,177
Investment management charges
8,840
8,836
Depreciaton and impairment of tangible fxed assets
8,792
7,569
Movements in working capital:
(Increase) in debtors
(192,587)
(5,286)
Increase/(decrease) in creditors
46,067
(63,572)
Cash absorbed by operatons
(247,183)
(148,471)
23
Analysis of changes in net funds
The Charity had no debt during the year.		 22
Cash generated from operatons
2021
2020
£
£
Surplus/(defcit) for the year
55,169
(165,332)
Adjustments for:
Investment income recognised in statement of fnancial actvites
(10,222)
(16,284)
Gain on disposal of investments
(31,423)
(13,579)
Fair value gains and losses on investments
(131,819)
99,177
Investment management charges
8,840
8,836
Depreciaton and impairment of tangible fxed assets
8,792
7,569
Movements in working capital:
(Increase) in debtors
(192,587)
(5,286)
Increase/(decrease) in creditors
46,067
(63,572)
Cash absorbed by operatons
(247,183)
(148,471)
23
Analysis of changes in net funds
The Charity had no debt during the year.

Issuer

HW Fisher

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Sat, 22nd Jan 2022 12:43:08 UTC Sun, 23rd Jan 2022 18:34:15 UTC

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Thu, 20th Jan 2022 15:53:26 UTC Thu, 20th Jan 2022 15:53:26 UTC Thu, 20th Jan 2022 15:52:03 UTC

Thu, 20th Jan 2022 15:51:58 UTC

The envelope has been signed by all parties. (217.207.100.70) Sailesh Mehta signed the envelope. (217.207.100.70) Sailesh Mehta viewed the envelope. (217.207.100.70) Sailesh Mehta viewed the envelope. (121.91.87.158) Document emailed to smehta@hwfisher.co.uk (13.40.83.175) Sent the envelope to Sailesh Mehta (smehta@hwfisher.co.uk) for signing. (90.249.46.16) Jeremy Bard signed the envelope. (90.249.46.16) Jeremy Bard opened the document email. (90.249.46.16) Jeremy Bard viewed the envelope. (90.249.46.16) Jeremy Bard opened the document email. (90.249.46.16) Jeremy Bard opened the document email. (104.28.40.139) Document emailed to jeremy.bard46@googlemail.com (35.176.170.10) Sent the envelope to Jeremy Bard (jeremy.bard46@googlemail.com) for signing. (217.207.100.70) Sailesh Mehta has been assigned to this envelope (217.207.100.70) Jeremy Bard has been assigned to this envelope (217.207.100.70) Document generated with fingerprint 5bb5c8cd3ec574265b44d97b0d6af0e8 (217.207.100.70) Document generated with fingerprint 4503b1616d21b1dbcecfab861e48b6ea (217.207.100.70)

Thu, 20th Jan 2022 15:51:49 UTC

Document generated with fingerprint 06de7ec1e4cf55a70ed77fad5d4717f4

(217.207.100.70)

Thu, 20th Jan 2022 15:51:41 UTC Envelope generated by Jackie O'Donoghue (217.207.100.70)