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2022-03-31-accounts

REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE DETAILS DETAILS DETAILS
Company number 04040674
Charity number 1085454
Registered office Red Cross Garden
50 Redcross Way
London
SE11HA
Directors/Trustees Timothy Wood —Chair
Karen Atkinson —appointed 24 January 2022
Jessica Beattie
Pauline
Buchanan
Black —appointed		 24 January 2022
Saurabh
Choudhary
—appointed		 24 January 2022
Marilyn
Evers
Alexander
Gasmena —appointed		 22 April 2022
Jean McMeakin —appointed 22 April 2022
Deborah
Nagan
Michael Osborne —resigned 1August 2022
Michael Barnato —resigned 22 April 2022
Katherine
Sheldon —resigned		 22 April 2022
Francois Tarrise —resigned 22 April 2022
Secretary: Michael Osborne —resigned 1August 2022
Key management personnel Charlotte
Gilsenan —CEO
Sarah Mangan —Operations Director —until November 2021
Nicola Desmond —Head of Parks and Community —from April 2021
Independent Auditors Azets Audit Service
Chartered
Accountants
2" Floor, Regis House
45 King William Street
London
EC4R 9AN
Bankers Unity Trust Bank Pic
Nine Brindleyplace
4 Oozells Square
Birmingham
B12HB
CafCash
Limited
PO Box289
West Mailing
ME194TA

BANKSIDE OPEN SPACES TRUST IA company limited by guarnnteèl REPORT OF THE INDEPENDENT AUDITORSTO TrIE MEMBERS OF BANKSIDE OPEN SPACES TAUST Audltorfs resp￿$1b￿lItles for the audlt of the flnanclal statements Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design pr￿edureS in line with our responsibilities, outlined above, to detect material misstaternents in respect of irregularities, includlng fraud. The specific procedures for thi5 engègement and the extent to which these are capable of detectinE irreÉularitie5, including fraud is detailed below.. Enquiry of management and ihose charged with governance arrAJnd actual and potential litigation and claims as well as actual. suspetted and alleged fraud. Reviewing min￿e$ of meetings of those charged with governance,. Assessin8 the extent of compliance wth the laws arid regulations considered to have a dirÈtt material effect on the financial statements orthe operaiitsns of the company through enquiry and inspection,. Reviewing financial 5tatementdisdosures and testingto supportin8 documentation to asse55 cornpliance with applicable laws and regulations,. Performing audit work over the risk ol management kn'35 and override of controls. including testing of journal entries and other adjustments for 3ppropriatene55. evaluating the business rationale of Significant transactions outside the normal course of business and reviewing accounting estimates for indicators ol potential bia5. 8ecause of the inherent limitation5 of an audit, there is a risk thai we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likety to become aware of instances of non-compliance. The risk is 31$0 greater regarding irregulaniies occurrlng due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or MISrep￿senIatlon. A furthef description of our responsibilitie5 is available on the FlnaDcSal Reporting Counol'5 Web￿te at.. https.'/lwww.frc.or8.uk/Our-WorklAuditlAudit-and-assurance/Standards-and-guidancelStandards-and- guid3nce-for-3uditorslAuditorwesponsibilitie5.lor.audiVDescription-of-auditors-responsibilities-for-audii.asp¥. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable cornpanls members, as a body, in accordance wilh Chapter 3 of Part 16 of the C(mpanles Aci 2(K)6. Our audit work has been undertaken so that we might state to the charitable companws members those matters we are reouired to State to them in an auditorf5 report and for no other purpose. To the fullest extent permitted by law, we do noi accept or a55ume responsibility to anyone other than the charitable company and the charitable compantys rnembers as a bo*. for our audit work, for this report, or for the opinions we have formed. LLt kn__ John Howard1Senlor 5tatLrtory Audllorl For and on behalf of ￿let$ Audit Serwces Statutory Auditor, Chartered Accountants 2 Floor, Regis House 45 King William Street London EC4R 9AN Date 22

FO R TH E YEAR EN DED 31MARCH 2022
Unrestricted Restricted
Notes Funds Funds 2022 2021
E E E E
Income
Donations
and grants		 55,116 7,287 62,403 168,443
Income from charitable activities 125,356 341,627 466,983 345,287
Activities for generating funds:
Commercial
trading operations		 199,444 199,444 16,163
Rental income 433,234 433,234 133,766
Investment
income:
Bank interest 29 29 52
Other income 18,452 18,452 112,990
Total income 831,631 348,914 1,180,545 776,701
Expenditure
Commercial
trading operations		 163,583 163,583 10,847
Cost of raising funds —charity 1,223 4,764 5,987 9,145
Expenditure
on charitable		 activities 482,489 339,207 821,696 694,322
Total expenditure 647,295 343,971 991,266 714,314
Net income/(expenditure) and net movement in
funds for the year 184,336 4,943 189,279 62,387
Reconciliation offunds:
Total funds, brought forward 141,686 96,957 238,643 176,256
Total funds, carried forward 326,022 101,900 427,922 238,643

CONSOUDATED BALANCE SHEET BALANCE SHEET
AS AT31MARCH 2022
Company
number 04040674
Group Group Charity Charity
2022
f		 2021f 2022f 2021
f
Fixed assets
Tangible assets 10 73,547 73,547 77,960
Investments 11 1 1
Total Fixed Assets 73,547 77,960 73,548 77,961
Current Assets
Debtors 12 139,437 161,494 138,862 173,696
Cash at bank and in hand 570,749 286,692 342,558 274,765
Total Current Assets 710,186 448,186 481,420 448,461
Uabilities
Creditors falling due within one year 13 (355,811) (287,503) (127,045) (287,779)
Net Current Assets 354,375 160,683 354,375 160,682
Net Assets 427,922 238,643 427,923 238,643
The Funds ofthe Charity:
Unrestricted
funds		 17/17A 276,022 141,686 276,023 141,686
Designated 17/17A 50,000 50,000
Restricted funds 17/17A 101,900 96,957 101,900 96,957
Total Charity Funds 427,922 238,643 427,923 238,643

Group Group Charity Charity
Notes 2022 2021 2022 2021
E E E E
Cash used in operating activities 20 387,173 42,725 170,909 67,557
Cash flows from investing activities
Interest income 29 52 29 52
Purchase oftangible fixed assets (3,145) (3,145)
Cash provided
by/(used		 in) investing activities (3,116) 52 (3,116) 52
Cash flows from financing activities
Loan (repaid)/received (100,000) 100,000 (100,000) 100,000
(100,000) 100,000 (100,000) 100,000
Increase/(decrease)
in		 cash & cash
equivalents
in the year		 284,057 142,777 67,793 167,609
Cash &cash equivalents at the beginning ofthe year 286,692 143,915 274,765 107,156
Total cash &cash equivalents at the end ofthe year 570,749 286,692 342,558 274,765

Unrestricted
f		 Restricted
f		 2022
f		 2021f
Grants and services level agreements 76,574 341,627 418,201 281,504
Contract income 48,782 48,782 63,783
Total income from charitable activities 125,356 341,627 466,983 345,287
Year ended 2021 104,022 241,265 345,287

Unrestricted Restricted 2022 2021
f f f
Job retention scheme income 18,452 18,452 112,938
Other income 52
Total income from charitable activities 18,452 18,452 112,990
Year ended 2021 112,990 112,990

SUMMARY PROFIT AND LOSS ACCOUNT SUMMARY PROFIT AND LOSS ACCOUNT 2022 2021
E E
Turnover 199,444 16,163
Cost ofsales and administration costs (163,583) (10,847)
Service charge payable to the charity (35,861) (5,316)
Net profit
Amount
gift aided to the charity
Retained
in subsidiary
The assets and liabilities ofthe subsidiary were:
Current assets 247,439 14,206
Current
liabilities		 (247,438) (14,205)
Total net assets
Aggregate share capital and reserves
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General Governance
Support Function 2022 2021
E E E
General office staff costs 66,807 66,807 109,685
Other staff costs 4,969 4,969
Premises costs, repairs and maintenance 60,389 60,389 3,386
Communication
costs		 2,615 2,615 1,751
Information
technology		 6,669 6,669 5,287
Insurance 1,002 1,002 4,168
Legal & professional 8,175 8,175 6,030
Depreciation 7,558 7,558 7,945
Sundry costs 9,717 9,717 12,803
Sessional Workers 2,397 2,397
Sport coaching fees 1,526 1,526
Furniture
&Equipment		 7,008 7,008
Contactors fees 46,426 46,426
Bank Charges 236 236
Audit &Accountancy fees 20,961 20,961 3,000
Strategic development 8,761 8,761
Other 966 966
225,494 30,688 256,182 154,055
NET INCOME/(EXPENDITURE) FOR THE YEAR 2022 2021
E E
This is stated after charging:
Depreciation
oftangible		 fixed assets 7,558 7,945
Operating
lease payments		 5,001 2,501
Independent
Examination		 600 3,000
Auditors
remuneration		 —Audit 7,400
Auditors
remuneration		 —Non-Audit 12,961

2022 2021
E E
Staff costs are as follows:
Wages and salaries —charity 365,510 379,691
Social security costs 43,409 26,142
Pension costs 12,278 12,515
421,197 418,348
2022 2021
16.5 10.67

TANGIBLE FIXEDASSETS —GROU P AND COMPANY
Furniture
Leasehold Park fixtures Plant & Fittings &
Improvements &fittings Machinery Equipment Total
E E E E E
COST
As at 1April 2021 129,715 8,688 6,295 15,946 160,644
Additions
during the year		 3,145 3,145
At 31March 2022 129,715 8,688 6,295 19,091 163,789
DEPRECIATION
As at 1April 2021 54,049 8,688 6,295 13,652 82,684
Charge for the year 5,405 2,153 7,558
As at 31March 2022 59,454 8,688 6,295 15,805 90,242
NET BOOK VALUES
At 31March 2022 70,261 3,286 73,547
At 31March 2021 75,666 2,294 77,960
FIXEDASSET INVESTMENTS —GROUP AND CHARITY Group Charity
2022 2021 2022 2021
E E E
Investment
at cost

DEBTORS-GROUP AND CHARITY Group Charity
2022 2021 2022 2021
E E E E
Trade debtors 68,124 137,093 64,614 134,813
Prepayments 9,236 5,658 9,236 5,659
Accrued income 46,674 19,073 46,674 19,073
Bankside Open Spaces Trading Limited 18,668 14,481
Other debtors 15,403 (330) (330) (330)
139,437 161,494 138,862 173,696

Group Charity
Total Total Total Total
2022 2021 2022 2021
f f f f
Trade creditors 90,849 29,953 31,819 31,989
Taxation and social security 7,877 7,117
Other creditors 57 4,688 57 4,688
Accruals 89,164 68,215 86,969 67,215
Deferred income (note 14) 175,741 76,770 8,200 76,770
Bankloan 100,000 100,000
355,811 287,503 127,045 287,779

GROUP CHARITY GROUP AND
2022 2022 CHARITY
2021
f f
Balance brought forward 76,770 76,770 27,194
Amount released to income in the year (76,770) (76,770) (27,194)
Amount deferred in the year 175,741 8,200 76,770
Balance carried forward 175,741 8,200 76,770
Deferred income relates to income received in advance for a project work to be done in 2022/2023.
OPERATI NG
LEASE COMMITMENTS —GROUP AND CHARITY
The charity has operating lease commitments relating to its property rental as shown below:
2022 2021
f f
Within one year 5,000 5,000
Two to five years 20,000 20,000
Over 5 years 40,417 45,417
65,417 70,417

MOVEMENT IN FUNDS- GROUP- PRIOR Y EAR
Balance as Balance as
at 01.04.20 Income Expenditure Transfer at 31.03.21
RESTRICTED FUNDS: E E E E
Community involvement and volunteering 1,825 48,358 (40,346) 9,837
Community gardening 2,738 69,695 (60,412) 12,021
Sports activities 618 31,819 (21,165) 11,272
Events 7,430 (7,430)
Transforming open spaces 83,963 (83,164) 799
Other 21,777 (21,777)
Capital assets 67,230 (4,202) 63,028
72,411 263,042 (238,496) 96,957
GENERAL FUNDS: 103,845 513,659 (475,818) 141,686
Total funds 176,256 776,701 (714,314) 238,643

GROUP GROUP
Unrestricted Designated Restricted Total
E E E
Tangible fixed assets 14,721 58,826 73,547
Investments
Net current assets 261,301 50,000 43,074 354,375
276,022 50,000 101,900 427,922
CHARITY
Unrestricted Designated Restricted Total
E E E E
Tangible fixed assets 14,721 58,826 73,547
Investments 1 1
Net current assets 261,301 50,000 43,074 354,375
276,023 50,000 101,900 427,923
ANALYSIS OF GROUP ASSETS BETWEEN FUNDS —previous year
GROUP CHARITY
Unrestricted Restricted Total Unrestricted Restricted Total
E E E E E
Tangible fixed assets 14,932 63,028 77,960 14,932 63,028 77,960
Investments 1 1
Net current assets 126,754 33,929 160,683 126,753 33,929 160,682
141,686 96,957 238,643 141,686 96,957 238,643

GROUP CHARITY
2022 2021 2022 2021
E E E E
Net movement
in funds		 189,279 62,387 189,280 62,387
Add back depreciation 7,558 7,945 7,558 7,945
Deduct interest income shown in investment activities (29) (52) (29) (52)
Decrease /(increase) in debtors 22,057 (93,135) 34,834 (68,672)
Increase /(decrease) in creditors 168,308 65,580 (60,734) 65,949
Net cash generated/used in operating activities 387,173 42,725 170,909 67,557