REGISTERED COMPANY NUMBER: 04136981 (England and Wales) REGISTERED CHARITY NUMBER: 1087259
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
THE ATTLEE CENTRE
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
THE ATTLEE CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
THE ATTLEE CENTRE
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Charitable Objectives
The Centre's charitable objects, as set out in the Memorandum and Articles of Association, are:
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to educate young people in the development of their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and as members of society;
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to provide or assist in the provision of facilities for recreation or other leisure-time occupation in the interests of social welfare;
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to promote and provide social services of a charitable nature for the benefit of the community either generally or in a particular area with the object of improving the conditions of life of the persons for whom such services are intended;
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to promote such other charitable purposes whether similar to the foregoing or not as the Trustees may from time to time at their absolute discretion think fit
Vision
Our vision is of a society where opportunity is open to all.
Mission
To enable children and young people to develop their full potential.
Strategic Areas
The strategies employed to achieve the charitable objectives are:
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Opportunities for all - making use of the Attlee Centre as the hub of our work, developing initiatives and testing ideas that will create opportunities, particularly for the health and wellbeing of young people.
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Community improvement - supporting communities in need to access and take up the opportunities to improve the quality of community life and that of their young people.
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Knowledge application - developing and sharing our knowledge through our projects, testing and piloting ideas within and external to the Centre.
Public benefit
The Trustees have considered their duty as outlined to Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. The purpose of the charity is enshrined in its objects and aims as outlined below. The Trustees ensure that this purpose is carried out for the public benefit by delivering a range of services.
ACHIEVEMENT AND PERFORMANCE
Activities
2022-23 started with renewed vigour. It was a busy year of consultations and planning with the community, children, staff and Trustees which resulted in our 3 year strategic plan.
Play and family work: this was a busy and fun year; we registered over 300 new children and young people over the Easter and summer. We were especially delighted to have so many parents and carers participate in activities with their children. We hope to see more of them over the coming years.
Youth Work: unfortunately we had not been able to relaunch our youth service as planned due to challenges in recruitment. The search continues and we hope we are able to restart our service in 2023-24 with the funds received from Garfield Weston.
Partnerships and sharing knowledge: we have continued to make contacts and have worked closely with schools and other community organisations based in Tower Hamlets; SOUL, Paracarnival, Harry Gosling School.
Our staff team continued to engage in professional development in safeguarding, mental health and full first aid including paediatric first aid.
FINANCIAL REVIEW
Investment policy
All funds not required for immediate use are invested in a deposit account.
Reserves policy
The current reserves policy states that the charity should carry sufficient reserves to meet its operational commitments for a period of 12 months. Our general reserves for the year ending 31st March 2023 were £43,716
Page 1
THE ATTLEE CENTRE
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
FUTURE PLANS 2023-24
1) To expand play services to 5 days a week
- 2) Recruit new youthworkers and relaunch our youth service.
3 Continue to develop a range of complementary partnerships to provide outreach activities with families, informal learning and vocational training and social research; e.g. with the Attlee Foundation.
- 4) Secure longer term unrestricted funds to enable us to subsidise our pilot projects as well as other unfunded projects.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Attlee Centre is a company limited by guarantee, incorporated on 8 January 2001 and registered as a charity on 29 June 2001. It ed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £5.
Recruitment and appointment of trustees
The Board of Trustees are also the directors of the charitable company for the purposes of charity law and administering the charity. Trustees are elected by members, and retiring Trustees can offer themselves for re-election in accordance with the charity's Articles of Association. The maximum number of Trustees is 15. There are three Honorary Officers - the Chair, Vice Vice-Chairs and Treasurer who are elected annually at the AGM.
Trustees' induction and training
Prior to appointment, new Trustees meet with the Chair and the Operations Director and are provided with a Trustees' pack containing information about the charity and their responsibilities as Trustees. This is coupled with a tour of the Attlee Youth & Community Centre. They are also invited to attend a meeting as an observer before confirming their willingness to stand for co-option or election. Newly appointed trustees will complete an entry in the register of members which all Trustees must sign.
Developments in good governance practice, the regulatory framework and other factors which impact upon the organisation are knowledge and understanding of their role and responsibilities is kept up to date. Training information is forwarded to Trustees from the Trustee Network and other relevant sources.
Management Structure and decision making
The Board of Trustees meet at least four times a year and is responsible for the governance, probity and strategic direction of the Centre. The Trustees delegate executive management of the Charity to the Operations Director (who is also the Company Secretary). The Operations Director has overall responsibility for funding, finance, policy, project development and co-ordinating the staff team. Written reports are presented to the committees and Board meetings on operational, financial, project development, risk management and strategic planning. In addition, the Operations Director meets regularly with the Chair.
Related parties
The Attlee Centre has transferred to The Attlee Foundation (charity number 1155133) assets including antiques, memorabilia and literary materials, at book of £4,600 and cash of £31,200.
At the balance sheet date £8,012.90 is due to The Attlee Foundation and is included within creditors.
Martin Young is a Trustee for both Attlee Foundation and Attlee Centre.
Risk management
Significant property risks facing the Centre include damage, destruction or loss of fixed assets. The charity is insured against these risks including theft. The fixed assets register identifies all of the assets held.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04136981 (England and Wales)
Registered Charity number
1087259
Registered office
Attlee Centre 5 Thrawl Street London E1 6RT
Page 2
THE ATTLEE CENTRE
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
Trustees
Ms S M Kabir Co Vice Chair S V Thakrar Chair Ms A J Wang M F Young Ms S Howland D Farquharson Treasurer
Company Secretary
Ms T Shaikh
Independent Examiner
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
... ~~.~~ ....... ~~.~~ .. ~~.~~ ............................................................... S V Thakrar - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ATTLEE CENTRE
Independent examiner's report to the trustees of The Attlee Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Maurice Brindley BSc FCA
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Date: .............................................
Page 4
THE ATTLEE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Charitable activities Wages and salaries Direct costs Support costs Premises costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 6,167 66,563 5 10,862 83,597 27,079 147 22,763 53,634 103,623 (20,026) 63,742 43,716 |
Designated Funds £ - - - - - - - - 194,486 194,486 (194,486) 805,753 611,267 |
Restricted funds £ 36,968 - - - 36,968 68,500 412 - 20,000 88,912 (51,944) 217,679 165,735 |
31.3.23 Total funds £ 43,135 66,563 5 10,862 120,565 95,579 559 22,763 268,120 387,021 (266,456) 1,087,174 820,718 |
31.3.22 Total funds £ 115,989 67,462 4 - 183,455 95,640 606 35,825 224,062 356,133 (172,678) 1,259,852 1,087,174 |
|---|---|---|---|---|---|
The notes form part of these financial statements
Page 5
THE ATTLEE CENTRE (REGISTERED NUMBER: 04136981)
BALANCE SHEET 31 March 2023
| Notes ED ASSETS gible assets 9 RRENT ASSETS btors 10 h at bank EDITORS ounts falling due within one year 11 T CURRENT ASSETS TAL ASSETS LESS RRENT LIABILITIES T ASSETS NDS 12 estricted funds tricted funds TAL FUNDS |
Unrestricted fund £ - 3,664 63,804 67,468 (23,752) 43,716 |
Designated Funds £ 611,267 - 8,013 8,013 (8,013) - |
Restricted funds £ - - 165,735 165,735 - 165,735 |
31.3.23 Total funds £ 611,267 3,664 237,552 241,216 (31,765) 209,451 |
31.3.22 Total funds £ 805,753 5,141 315,980 |
|---|---|---|---|---|---|
| 321,121 (39,700) |
|||||
| 281,421 | |||||
| 43,716 43,716 |
611,267 611,267 |
165,735 165,735 |
820,718 820,718 654,983 165,735 820,718 |
1,087,174 | |
| 1,087,174 | |||||
| 869,495 217,679 |
|||||
| 1,087,174 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S V Thakrar - Trustee
............................................. D Farquharson - Trustee
The notes form part of these financial statements
Page 6
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling (£).
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Critical accounting judgements and key sources of estimation uncertainty
In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.
Useful economic life of tangible fixed assets:
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Fixed assets are stated at cost less depreciation. Assets with a value below £1,000 are written off in the year of acquisition. Fixed assets with a value in excess of £1,000 are capitalised. Finance costs incurred as a direct result of part of the Leasehold property have been capitalised as part of the final cost. Depreciation is provided on fixed assets at rates at which will write off the cost or revalue amount of the assets over their useful economic lives.
Short leasehold - Over 20 years Fixtures and fittings - 33% on cost
The carrying values are reviewed at the year end for impairment if circumstances indicate that the full carrying value may not be recoverable.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.
continued...
Page 7
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
The charity contributes to the personal pension schemes of its employees. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
As from 1 February 2017, the charity joined the People's Pension to satisfy its obligations under Auto Enrolment and all staff who choose to opt into the scheme did so at the staging date.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Garfield Weston Foundation HMRC JRS Grant Harry Gosling School London Youth 3. OTHER TRADING ACTIVITIES Sports pitch hire Room hire |
31.3.23 £ 7,010 36,125 43,135 31.3.23 £ 35,000 - - 1,125 36,125 31.3.23 £ 43,000 23,563 66,563 |
31.3.22 £ 76,500 39,489 |
31.3.22 £ 76,500 39,489 |
|---|---|---|---|
| 115,989 | |||
| 31.3.22 £ 35,000 1,810 804 1,875 39,489 31.3.22 £ 32,183 35,279 67,462 |
|||
| 67,462 |
continued...
Page 8
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
4. INVESTMENT INCOME
Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.3.23 £ 5 31.3.23 £ 194,486 |
31.3.22 £ 4 31.3.22 £ 194,486 |
|---|---|---|
5. NET INCOME/(EXPENDITURE)
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Key management personnel
The key management personnel of the charity comprise the trustees, the operations director and administrator. The employee benefits of the key management personnel are £54,220 gross pay (2022: £51,003), £5,252 employer's NI contributions (2022: £4,705) and £2,698 employer's pension contributions (2022: £7,640).
7. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Wages and salaries | 86,092 | 84,786 |
| Social security costs | 412 | 1,297 |
| Other pension costs | 6,494 | 8,316 |
| 92,998 | 94,399 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.3.23 | 31.3.22 | |
| Attlee Centre and office staff | 1 | 1 |
| Sessional staff | 7 | 7 |
| 8 | 8 |
No employees received emoluments in excess of £60,000.
continued...
Page 9
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023
8. 2020/21 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Charitable activities Wages and salaries Direct costs Support costs Premises costs Total NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS COST At 1 April 2022 and 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Unrestricted fund £ 3,302 67,462 4 70,768 48,860 400 16,568 29,036 94,864 (24,096) (78) |
Designated Funds £ - - - - - - - 194,486 194,486 (194,486) - |
Restricted funds £ 112,687 - - 112,687 46,780 206 19,257 540 66,783 45,904 78 |
Total funds £ 115,989 67,462 4 183,455 95,640 606 35,825 224,062 356,133 (172,678) - (172,678) 1,259,852 1,087,174 Totals £ 3,917,818 3,112,065 194,486 3,306,551 611,267 805,753 |
|||
|---|---|---|---|---|---|---|---|
| (24,174) 87,915 63,741 |
(194,486) 1,000,239 805,753 Short leasehold £ 3,889,718 3,083,965 194,486 3,278,451 611,267 805,753 |
45,982 171,698 217,680 Fixtures and fittings £ 28,100 28,100 - 28,100 - - |
|||||
continued...
Page 10
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Deferred income Accrued expenses 12. MOVEMENT IN FUNDS Unrestricted funds General fund Attlee Centre Building Restricted funds London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big Lottery Hummingbird Harry Gosling School Garfield Weston Foundation TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Attlee Centre Building Restricted funds London Youth Big Lottery Hummingbird Harry Gosling School Garfield Weston Foundation TOTAL FUNDS |
At 1.4.22 £ 63,742 805,753 869,495 10,074 936 4,478 97,613 69,400 178 35,000 217,679 1,087,174 Incoming resources £ 83,597 - 83,597 1,125 - - 843 35,000 36,968 120,565 |
31.3.23 £ 1,408 2,256 3,664 31.3.23 £ 1,254 21,658 6,154 2,699 31,765 Net movement in funds £ (20,026) (194,486) (214,512) - - (4,263) (40,731) (22,076) 126 15,000 (51,944) (266,456) Resources expended £ (103,623) (194,486) (298,109) (5,388) (40,731) (22,076) (717) (20,000) (88,912) (387,021) |
31.3.22 £ 535 4,606 5,141 31.3.22 £ 1,305 22,054 11,879 4,462 39,700 At 31.3.23 £ 43,716 611,267 654,983 10,074 936 215 56,882 47,324 304 50,000 165,735 820,718 Movement in funds £ (20,026) (194,486) (214,512) (4,263) (40,731) (22,076) 126 15,000 (51,944) (266,456) |
|
|---|---|---|---|---|
continued...
Page 11
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Attlee Centre Building Restricted funds London Borough of Tower Hamlets: Attlee Family Project London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big Lottery London Borough of Tower Hamlets Connecting Families YIF (Lottery) PATH play activities Hummingbird Harry Gosling School Garfield Weston Foundation TOTAL FUNDS |
At 1.4.21 £ 87,915 1,000,239 1,088,154 4,922 10,074 936 3,792 119,906 6,910 19,158 6,000 - - - 171,698 1,259,852 |
Net movement in funds £ (24,095) (194,486) (218,581) (4,922) - - 686 (22,293) (6,910) (19,158) (6,000) 69,400 100 35,000 45,903 (172,678) |
Transfers between funds £ (78) - (78) - - - - - - - - - 78 - 78 - |
At 31.3.22 £ 63,742 805,753 869,495 - 10,074 936 4,478 97,613 - - - 69,400 178 35,000 217,679 1,087,174 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Attlee Centre Building Restricted funds London Borough of Tower Hamlets: Attlee Family Project London Youth Big Lottery London Borough of Tower Hamlets Connecting Families YIF (Lottery) PATH play activities Hummingbird Harry Gosling School Garfield Weston Foundation TOTAL FUNDS |
Incoming resources £ 70,768 - 70,768 1 1,875 1 - - - 75,006 804 35,000 112,687 183,455 |
Resources Movement expended in funds £ £ (94,863) (24,095) (194,486) (194,486) (289,349) (218,581) (4,923) (4,922) (1,189) 686 (22,294) (22,293) (6,910) (6,910) (19,158) (19,158) (6,000) (6,000) (5,606) 69,400 (704) 100 - 35,000 (66,784) 45,903 (356,133) (172,678) |
|---|---|---|
continued...
Page 12
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Attlee Centre Building Restricted funds London Borough of Tower Hamlets: Attlee Family Project London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big Lottery London Borough of Tower Hamlets Connecting Families YIF (Lottery) PATH play activities Hummingbird Harry Gosling School Garfield Weston Foundation TOTAL FUNDS |
At 1.4.21 £ 87,915 1,000,239 1,088,154 4,922 10,074 936 3,792 119,906 6,910 19,158 6,000 - - - 171,698 1,259,852 |
Net movement in funds £ (44,121) (388,972) (433,093) (4,922) - - (3,577) (63,024) (6,910) (19,158) (6,000) 47,324 226 50,000 (6,041) (439,134) |
Transfers between funds £ (78) - (78) - - - - - - - - - 78 - 78 - |
At 31.3.23 £ 43,716 611,267 654,983 - 10,074 936 215 56,882 - - - 47,324 304 50,000 165,735 820,718 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Attlee Centre Building Restricted funds London Borough of Tower Hamlets: Attlee Family Project London Youth Big Lottery London Borough of Tower Hamlets Connecting Families YIF (Lottery) PATH play activities Hummingbird Harry Gosling School Garfield Weston Foundation TOTAL FUNDS |
Incoming resources £ 154,365 - 154,365 1 3,000 1 - - - 75,006 1,647 70,000 149,655 304,020 |
Resources Movement expended in funds £ £ (198,486) (44,121) (388,972) (388,972) (587,458) (433,093) (4,923) (4,922) (6,577) (3,577) (63,025) (63,024) (6,910) (6,910) (19,158) (19,158) (6,000) (6,000) (27,682) 47,324 (1,421) 226 (20,000) 50,000 (155,696) (6,041) (743,154) (439,134) |
|---|---|---|
Attlee Centre Building: the fund represents the net book value of the property.
continued...
Page 13
THE ATTLEE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
Family and Youth Project: the aim of the Attlee Youth Community Centre is to provide informal learning and community services through Play, generic youth activities and intergenerational work. In the past year we have catered for these services through two main projects: Attlee Families (incorporating Play) and Youth, which promotes healthy living through sports and diet and accredited youth activities.
The Big Lottery is a three year grant ending in 2016/17. The grant will provide funding for three full time staff, a community development manager, a volunteer coordinator and an administrator. The grant will also fund general running expenses, training, travel, consultancy and advice, legal costs and IT costs.
Garfield Weston Foundation, Jack Petchey, London Youth and East End Community Fund: these grants are received to support the overall aims of the Centre but are spent for the purposes specified by the funders.
Harry Gosling School; monies received to be spent on staff time for school play sessions.
Hummingbird; monies received to be spent on all play staff and some resoruces.
LBTH: Youth; Historical underspend but ringfenced for youth activities only. We have not been able to deliver a youth programme as we still have not managed to recruit appropriately qualified staff. This is on hold until we can fill the positions.
13. CAPITAL COMMITMENTS
| CAPITAL COMMITMENTS | ||
|---|---|---|
| 31.3.23 | 31.3.22 |
|
| £ | £ | |
| Contracted but not provided for in the financial statements | - 39,000 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
15. OPERATING LEASE
The Attlee Centre has a 25 year lease agreement with London Borough of Tower Hamlets over the land comprising the Attlee Centre and Adventure Playground. The lease expires on 14th May 2026. Lease payments are made on an annual peppercorn rental payment of £10 (2021 - £10).
The trustees are in negotiations with London Borough of Tower Hamlets regarding a new long term lease to commence in May 2026 at a similar peppercorn rental. At the date of signing these financial statements, the negotiations have not yet been concluded.
16. FUNDS HELD ON BEHALF OF OTHER ORGANISATIONS
The charity holds £8,013 in its bank account on behalf of the Attlee Foundation (charity no. 1155133) these monies do not belong to the charity and have therefore been shown as a creditor in the balance sheet. During the financial year £5,960.06 was paid on behalf of the Attlee Foundation costs, These will be disclosed in the financial statements of the Foundation and are excluded from the Attlee Centre accounts.
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THE ATTLEE CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 7,010 | 76,500 |
| Grants | 36,125 | 39,489 |
| 43,135 | 115,989 | |
| Other trading activities | ||
| Sports pitch hire | 43,000 | 32,183 |
| Room hire | 23,563 | 35,279 |
| 66,563 | 67,462 | |
| Investment income | ||
| Deposit account interest | 5 | 4 |
| Other income | ||
| Other income | 10,862 | - |
| Total incoming resources | 120,565 | 183,455 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 86,092 | 84,786 |
| Social security | 412 | 1,297 |
| Pensions | 6,494 | 8,316 |
| Training | 100 | - |
| Payroll processing | 1,176 | 1,241 |
| Fees for activities | 100 | 400 |
| Materials for activities | 409 | 99 |
| Equipment for activities | - | 107 |
| Professional fees | 10 | - |
| Refund underspent grant | - | 19,158 |
| Other expenditure | 2,351 | 244 |
| 97,144 | 115,648 | |
| Support costs | ||
| Management | ||
| Office consumables & equipment | 131 | 240 |
| Telephone | 2,322 | 1,731 |
| IT support | 4,575 | 4,599 |
| Subscriptions | 1,778 | 2,127 |
| Insurance | 10,261 | 5,025 |
| Utilities | 9,553 | 6,777 |
| Repairs and maintenance | 64,071 | 22,799 |
| Short leasehold | 194,486 | 194,486 |
| 287,177 | 237,784 | |
| Finance | ||
| Bank interest and fees | - | 1 |
| Governance costs | ||
| Accountancy and legal fees | 2,700 | 2,700 |
This page does not form part of the statutory financial statements
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THE ATTLEE CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Total resources expended | 387,021 | 356,133 |
| Net expenditure | (266,456) | (172,678) |
This page does not form part of the statutory financial statements
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