| ~pa e | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Report ofthe trustees | 2-5 | ||
| Report ofthe auditors | 6-7 | ||
| Statement of Financial | Activities | ||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Accounting policies |
11-12 | ||
| Notes forming part ofthe financial statements | 13-17 | ||
| Detailed income &expenditure | account | 18 | |
| Page 18does notform | part ofthe statutory accounts. |
| Trustees | and | directors | directors | directors | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| J EDeightonvr | ||||||||||
| M K Kohli (Treasurer)'" | ||||||||||
| RJ Sinclair Taylor'* | ||||||||||
| ASethffe | ||||||||||
| J E Lowes* | ||||||||||
| RStephens'* | ||||||||||
| A Castro"' | ||||||||||
| FSullivan (Resigned 15/9/2020} |
||||||||||
| **-Management | committee | members are | also for the purpose | ofthe Companies | Act2006, | |||||
| company | directors. | |||||||||
| Key management | 8 | personnel | A Grant- Chief | Executive | ||||||
| WJeeves-Services | Director | |||||||||
| 8 Ghebreyesus | -Finance Director | |||||||||
| Administration | and | registered | ||||||||
| office: | 164Mackenzie | Road | ||||||||
| London | ||||||||||
| Ny BSE | ||||||||||
| Charity registration | non | 1086165 | ||||||||
| Company | registration | noa | 03989283(England | &Wales) | ||||||
| Auditors: | Christopher Michael Limited |
|||||||||
| Chartered Certified |
Accountants | &Statutory Auditors | ||||||||
| 26Station Rd | ||||||||||
| New Barnet | ||||||||||
| Herts | ||||||||||
| ENS 1QW | ||||||||||
| Bankers: | COIF Charity Funds | |||||||||
| Co operative Bank |
||||||||||
| Barclays Bank | ||||||||||
| Funding | authorities: | LBofIslington |
| Reserves policy and going concern | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Trustees have established a reserves policy and review this at least |
annually. | Within | unrestricted | funds, | |||||||||
| E95,MO (2020; E95,000) Is held as a designated fund to cover closures |
costs up | to | 6 months | in the event ofthe charity | ceasing to | ||||||||
| operate. The remaining unrestricted funds afE143,489(2020:E239,678)are used |
by the | charity | to fulfil a 'number ofroles, including | ||||||||||
| as operating capital and supporting the furtherance ofthe charity's objectives. |
|||||||||||||
| Fixed Assets | |||||||||||||
| The movement In fixed assets are shown In note 14ofthe financial statements |
|||||||||||||
| Plans for future periods | |||||||||||||
| Funding for the year 2021/22 has been secured from L B lslington with total |
grants | receivable | for the year of | E948,909 for the | |||||||||
| Charities' core activities and the aim ofthe Trustees Is to further develop the |
children's | centre, | the provision of nursery | education | |||||||||
| and outreach services in Islington and the surrounding areas. |
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| Trustees responsibilities In relatIon tothe financial statements |
|||||||||||||
| The charity trustees (who are also directors of the Company for the |
purposes | of company | law) | are responsible | for preparing | a | |||||||
| trustees' annual report and financial statements in accordance with |
applicable | law | and | United | Kingdom | Accounting | Standards | ||||||
| (United Kingdom Generally Accepted Accounting Practice). |
|||||||||||||
| -select suitable accounting policies and apply them consistently; |
|||||||||||||
| -observe the methods and principles in the Charities SORP; |
|||||||||||||
| - make judgments and estimates that are reasonable and prudent; |
|||||||||||||
| -state whether applicable UK accounting standards have been followed, subject |
to | any | matedial | departures | disclosed | ||||||||
| and explained in the financial statements. |
|||||||||||||
| -prepare financial statements on a going concern basis unless it is inappropriate |
to | presume | that the charity | will continue | |||||||||
| in operation. | |||||||||||||
| The trustees are responsible for keeping accounting records which |
disclose | with | reasonable | accuracy at any time the financial | |||||||||
| position ofthe 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. | |||||||||||||
| Directors and trustees | |||||||||||||
| The trustees who are directors for the purpose of company law who |
have served | during the year | and up to the date of | this report | |||||||||
| are set out on page 1. | |||||||||||||
| Statement as to disclosure to our auditors |
|||||||||||||
| In sofar asthe trustees are aware at the time ofapproving our trustees' annual |
report: | ||||||||||||
| -there is no relevant information, being information needed by the auditor in |
connection with | prepading their report, | |||||||||||
| ofwhich the company's auditor is unaware; and |
|||||||||||||
| -the trustees, having made enquiries offellow directors and the company auditor that |
they | ought | to have individually | ||||||||||
| taken, have each taken ag steps that he/she is obliged totake as a director in |
order to | make themselves | |||||||||||
| aware ofany relevant audit information and to establish that the auditor is aware |
ofthat information. | ||||||||||||
| Byorder ofthe board oftrustees d~e~ |
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| IElowe Trustee gs Company Director |
Date: | )+ | -/2 | X) |
| Unrestricted/ | As restated | |||||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Designated | Total | Total | |||||
| Notes | Funds | Funds | ~2020 21 | ~2019 20 | ||||
| E | E | E | E | |||||
| Income: | ||||||||
| Donations and restdicted |
grants | 3 | 1,171,333 | 1,171,333 | 1,155,359 | |||
| Income from | Charitable activities: |
|||||||
| Supporting play Activity |
173,252 | 173,252 | 293,698 | |||||
| Income from | other charitable | activities | ||||||
| Fundraising | &other Income | 129 | 129 | 673 | ||||
| Totalincome | 1,171,333 | 173,381 | 1,344,714 | 1,449,730 | ||||
| Expenditure | ||||||||
| Cxpenditure | on charitable | activities: | ||||||
| Direct Charitable expenditure |
6 | 1,171,333 | 163,770 | 1,335,103 | 1,418,090 | |||
| Management | and administration | 7 | 5,700 | 5,700 | 4,800 | |||
| Total expenditure | 1171,333 | 169,470 | 1,340,803 | 1,422,890 | ||||
| Net income/(expenditure) | and net movements | |||||||
| in funds before gains and | losses on investments | |||||||
| 3,911 | 3,911 | 26,840 | ||||||
| Total funds | brought forward | 234,578 | 234,578 | 207,738 | ||||
| Total funds | carried forward | 238,489 | 238,489 | 234,578 |
| ISLINGTON PIAT ASSOOATION Ratement ofcash flows Forthe ear ended 31March 2021 |
||||||
|---|---|---|---|---|---|---|
| 2020/21 | 2019/20 | |||||
| Total | Prior year | |||||
| Funds | Funds | |||||
| Cash flows from operating activltlesr |
6 | E | ||||
| Net cash provided by (used In) operating |
activities | 233,102 | (92,479) | |||
| Cash flows from Invesdng activities |
||||||
| Dividends, interest and rents from investments |
129 | |||||
| Proceed from the sale ofproperty, plant and equipment |
||||||
| Purchase ofproperty, plant and equipment |
(1,598) | |||||
| Net cash provided by/(used In) investing |
activities | 231,633 | (92,479) | |||
| Change in cash and cash equivalents in the reporting period |
231,633 | (92,479) | ||||
| Cash and cash equivalents at the beginning |
ofthe reportmg | period | 168,980 | 261,459 | ||
| Cash and cash equivalents atthe end ofthe reporting |
period | 400,613 | 168,980 | |||
| Reconciliation ofnet movement in funds |
to net cash flow | from operating | activities | |||
| Net movement in funds forthe reporting |
period (as per | the | SOFA) | 3,911 | 21,682 | |
| Adjustments for: | ||||||
| Depreciation charges |
475 | 101 | ||||
| Dividends, interest and rents from investments |
(129) | |||||
| (increase)/decrease in debtors |
139,389 | (119,086) | ||||
| increase/(decrease) in creditors |
89,456 | 4,824 | ||||
| Net cash provided by (used in) operating |
activities | 233,102 | (92,479) | |||
| Analysis ofcash and cash equivalents | ||||||
| Cash in hand | 400,613 | 168,980 | ||||
| Total cash and cash equivalents | 400,613 | 168,9&0 |
| being wound | up, the lia | bi | lity | in respect | ofthe guarant | ee is limited to61per |
member ofthe charity. | ||
|---|---|---|---|---|---|---|---|---|---|
| As restated | |||||||||
| 2 | Financial performance | ofthe | charity | 2020/21 | 2019/20 | ||||
| 6 | 6 | ||||||||
| Income | 1,344,714 | 1,449,730 | |||||||
| Expenditure | on charitable | activities | 1,334,489 | 1,415,589 | |||||
| Expenditure | on management | and administration | 5,700 | 7,200 | |||||
| Depreciation | 475 | 101 | |||||||
| 1,340,664 | 1,422,890 | ||||||||
| Net income | 4,050 | 26,840 | |||||||
| Total funds | brought forward |
267,707 | 240,867 | ||||||
| Total funds | carried forward | 271,757 | 267,707 | ||||||
| Represented | by: | ||||||||
| Unrestdcted | funds | 238,489 | 234,578 | ||||||
| 3 | Income from Donations | and | Grants | ||||||
| Grants receivable | |||||||||
| L8 Islington | - Core grant | 999,362 | 983,150 | ||||||
| Big lottery | 9,860 | ||||||||
| 1961Charitable Trust | 1,500 | ||||||||
| Small fundings | 30,609 | 63,741 | |||||||
| International | women's | day | 860 | 1,500 | |||||
| HMRC Furlough grants |
137,202 | ||||||||
| Others | 1,300 | 9,513 | |||||||
| Lord Mayors fund | 500 | ||||||||
| 1,171,333 | 1,067,764 | ||||||||
| 4 | Income from charitable | activities | |||||||
| Activity | |||||||||
| Advancing | education of | children- | supporting | play activity | 173,252 | 293,698 |
| 2020/21 | 2019/20 | |||||||
|---|---|---|---|---|---|---|---|---|
| 6 | 6 | |||||||
| 5 | Income from other charitable activities |
|||||||
| Fundraising | ||||||||
| Interest receivable | 129 | 673 | ||||||
| 129 | 673 | |||||||
| 6 | Analysis ofexpenditure | on | charitable | activities | ||||
| Supporting Play activity |
Direct costs | 1,335,103 | 1,415,690 | |||||
| Supportcosts | 2,400 | |||||||
| 1,335,103 | 1,418,090 | |||||||
| 7 | Analysis ofgovernance | and | support cost | |||||
| Supporting play activity |
600 | 2,400 | ||||||
| Audit and accountancy | 5,100 | 4,800 | ||||||
| Legal &professional | ||||||||
| Bank charges | ||||||||
| 5,700 | 7,200 | |||||||
| 8 | Net income /(expenditure) | forthe year | ||||||
| This is stated after charging: | ||||||||
| Depreciation -owned assets |
475 | 101 | ||||||
| Auditors remuneration |
for audit services | 5,100 | 4,800 | |||||
| Auditors remuneration |
forother services | |||||||
| 9 | Analyses ofstaff costs, | trustee remuneration | and expenses, and the cost of key | |||||
| manaxement oersonnel |
||||||||
| Wages and salaries | 1,012,495 | 971,600 | ||||||
| Employers national insurance |
1,044 | 62,017 | ||||||
| Employers Pension |
759 | 27,859 | ||||||
| Agency &seasional staff | 18,348 | 11,111 | ||||||
| 1,032,646 | 1,072,587 | |||||||
| The average number of | staff employed | during | the year | |||||
| were as follows: | ||||||||
| Direct charitable | 35 | 34 | ||||||
| Administration &support |
6 | 6 | ||||||
| 41 | 40 | |||||||
| The number of employees |
whose emoluments | as defined for taxation | purposes | |||||
| amounted to over 660,000 |
in the year | were as | follows: |
| Fixtures & | |||
|---|---|---|---|
| Fittings | Total | ||
| 14 | Tangible fixed assets | 6 | F. |
| Cost: | |||
| At 1April 2020 | 7,933 | 7,933 | |
| Additions | 1,598 | 1,598 | |
| At31March 2021 | 9,531 | 9,531 | |
| Depreciation | |||
| At1April 2020 | 7,630 | 7,630 | |
| Charge in year |
475 | 475 | |
| At31March 2021 | 8,105 | 8,105 | |
| Net book value | |||
| At31March 2021 | 1,426 | 1,426 | |
| At 31March 2020 | 303 | 303 | |
| 15 | Debtors | As restated | |
| Amounts due within one year: |
2020/21 | 2019/20 | |
| otherdebtors | 10,906 | 149,918 | |
| fees debtors | 3,941 | 4,318 | |
| 14,847 | 154,236 | ||
| 16 | Creditors | As restated | |
| Amounts falling due within one year: |
2020/21 | 2019/20 | |
| Trade creditors | 25,472 | 18,826 | |
| Fees creditors &deposits | 38,851 | 32,289 | |
| Other creditors | 26,769 | 16,678 | |
| Holiday pay accrual | 32,205 | 11,635 | |
| Accrued expenses | 5,100 | 9,513 | |
| Loans | |||
| 128,397 | 88,941 | ||
| 17 | Creditors | ||
| Amounts falling due more than one year: |
|||
| Loans | 50,000 | ||
| 50,000 |
| 18 | Deferred Income | Deferred Income | Deferred Income | 2020/21 | 2019/20 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Balance as | at 1April 2020 | ||||||||
| Amount released to income earned from charitable |
activities | ||||||||
| Amount deferred in the |
year | ||||||||
| Balance as | at31March | 2021 | |||||||
| As restated | |||||||||
| 2020/21 | 2019/20 | ||||||||
| 19 | Analysis of | charitable funds |
|||||||
| Analysis of | movement | in unrestricted | funds | ||||||
| Unrestricted | -General reserve: | ||||||||
| Balance at | 1April 2020 | 139,578 | 106,743 | ||||||
| Movement | in year | 3,911 | 26,840 | ||||||
| Inter-fund | transfers | 5,995 | |||||||
| Balance at | 31March 2021 | 143,489 | 139,57& | ||||||
| Desi nated | - Reserve fund: | ||||||||
| Balance at | 1April 2020 | 95,000 | 95,000 | ||||||
| Movement | in year | ||||||||
| Balance at | 31March 2021 | 95,000 | 95,000 | ||||||
| Restricted | funds | ||||||||
| Balance at | 1Apdl 2020 | 5,995 | |||||||
| Inter-fund | transfers | (5995) | |||||||
| Balance at | 31March 2021 | ||||||||
| Total | 238,489 | 234,578 | |||||||
| 20 | Analysis between fund | balances | |||||||
| Unrestricted | |||||||||
| General | Designated | Total | |||||||
| E | E | E | |||||||
| Tangible tixed assets | 1,426 | 1,426 | |||||||
| Cash at bank and in hand | 307,039 | 93,574 | 400,613 | ||||||
| Other net |
current assets/(liabilities) | (163,550) | (163,550) | ||||||
| 144,915 | 93,574 | 238,489 |
| 21 | Analysis ofRestricted | Analysis ofRestricted | Funds | Funds | ||||
|---|---|---|---|---|---|---|---|---|
| Balance | Incoming | Resources | Balance at | |||||
| Funders name | 1/4/20 | Resources | Expended | 31/3/21 | ||||
| 6 | 6 | E | f | |||||
| L8 Islington - | Core grant | 454,058 | (454,058) | |||||
| L8 Islington - | chidren | in | need | 8,333 | (8,333) | |||
| L8 Isiington - | Adventure | playground | 536,971 | (536,971) | ||||
| other income | 1,300 | (1,300) | ||||||
| Small funding | 30,609 | (30,609) | ||||||
| International | womens | day | 860 | (860) | ||||
| HMRC Furlough | 137,202 | (137,202) | ||||||
| Lord Mayor fund | 500 | (500) | ||||||
| 1961Chadtible Trust |
1,500 | (1,500) | ||||||
| 1,171,333 | (1,171,333) |