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**for the Year Ended31March 2023**||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies|2|174,960|221,421|396,381|253,667|
|**Charitable activities**||||||
|Grants|2|26,806||26,806|26,123|
|Investment income||48||48|28|
|Other income|2|39||39|301|
|**Total**||201,853|221,421|423,274|280,119|
|**EXPENDITURE ON**||||||
|Raising funds|3|41,210||41,210|14,512|
|**Charitable activities**|4|||||
|Wagesandsalaries||57,717|98,889|156,606|138,385|
|Rent and rates||2,244|9,000|11,244|10,354|
|Insurance||5,845||5,845|5,191|
|Repairsandrenewals||1,830|3,081|4,911|2,955|
|Light and Heat||2,229||2,229|3,679|
|Sundries||204||204||
|Club activities and projects||472|7,902|8,374|12,272|
|Staff training||1,910|1,446|3,356|2,039|
|Depreciation||636||636|211|
|Pension contributions||3,757||3,757|4,030|
|Telephone, IT & Computer||2,056||2,056|1,801|
|Printing, postage and stationery||182|110|292|776|
|Motor expenses||1,054|8,471|9,525|7,255|
|Bank charges||255||255|297|
|Ripley costs||486|5,468|5,954|10,844|
|Accountancy||1,980||1,980|1,980|
|Professional fees and consultancy||3,287|300|3,587|16,930|
|Subscriptions||4,680||4,680|2,534|
|Temporary/specialist staff||2,876|5,009|7,885|11,414|
|**Total**||134,910|139,676|274,586|247,459|
|**NET INCOME**|5|66,943|81,745|148,688|32,660|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||163,482|30,310|193,792|161,132|
|**TOTAL FUNDS CARRIED FORWARD**||230,425|112,055|342,480|193,792|
##
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|**Balance Sheet**
**31March 2023**||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|9||||637|
|**CURRENT ASSETS**||||||
|Debtors|10|4,213||4,213|2,450|
|Prepaymentsandaccrued income||689|2,009|2,698|2,368|
|Cashat bankandinhand||238,381|110,046|348,427|210,793|
|||243,283|112,055|355,338|215,611|
|**CREDITORS**||||||
|Amounts falling due within one year|
11|(12,858)||(12,858)|(22,456)|
|**NET CURRENT ASSETS**||230,425|112,055|342,480|193,155|
|**TOTAL ASSETS LESS CURRENT**|**LIABILITIES**|230,425|112,055|342,480|193,792|
|**NET ASSETS**||230,425|112,055|342,480|193,792|
|**FUNDS**|13|||||
|Unrestricted funds||||230,425|163,482|
|Restricted funds||||112,055|30,310|
|**TOTAL FUNDS**||||342,480|193,792|
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|**INCOME**|||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|2023|Unrestricted|Restricted|2022|
||funds|funds|Total funds|funds|funds|Total funds|
||£|£|£|£|£|£|
|Donations and legacies|||||||
|Donations|174,960||174,960|90,761||90,761|
|Grants||221,421|221,421||162,906|162,906|
||174,960|221,421|396,381|90,761|162,906|253,667|
|Income from Charitable|Activities||||||
|Grants|19,609||19,609|26,123||26,123|
|Programmes|7,197||7,197||||
||26,806||26,806|26,123||26,123|
|Other Income|39||39|301||301|
##
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|**3.**|**RAISING FUNDS**||||
|---|---|---|---|---|
||**Raising donationsandlegacies**||||
||||2023|2022|
||||£|£|
||Staff costs||41,210|14,512|
|**4.**|**CHARITABLE ACTIVITIES COSTS**||||
|||Direct|Support||
|||Costs|costs|Totals|
|||£|£|£|
||Wages and salaries|156,606||156,606|
||Rent and rates|11,244||11,244|
||Insurance|5,845||5,845|
||Repairs and renewals|4,911||4,911|
||Light and Heat|2,229||2,229|
||Sundries|204||204|
||Club activities and projects|8,374||8,374|
||Staff training|3,356||3,356|
||Depreciation||636|636|
||Pension contributions|3,757||3,757|
||Telephone, IT & Computer|2,056||2,056|
||Printing, postage and stationery|292||292|
||Motor expenses|9,525||9,525|
||Bank charges||255|255|
||Ripley costs|5,954||5,954|
||Accountancy||1,980|1,980|
||Professional fees and consultancy||3,587|3,587|
||Subscriptions|4,680||4,680|
||Temporary/specialist staff|7,885||7,885|
|||226,918|6,458|233,376|
|**5.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/( expenditure)isstated after charging/( crediting):||||
||||2023|2022|
||||£|£|
||Depreciation - owned assets||636|211|
||Other operating leases||11,244|10,354|
||Surplus on disposaloffixed assets||(39)|(301)|
||Independent examiner fees for independent examination (exclusive|of VAT)|1,650|1,650|
||Operating leases||17,865|15,659|
##
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|**7.**|**STAFF COSTS**||||
|---|---|---|---|---|
||||2023|2022|
||||£|£|
||Wages and salaries||184,940|144,802|
||Social security costs||11,923|8,095|
||Other pension costs||4,710|4,030|
||||201,573|156,927|
||The average monthly number of employees during the year was as follows:||||
||||2023|2022|
||Employees||7|6|
||No employees received emolumentsinexcess of £60,000.||||
|**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||||
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
|||£|£|£|
||**INCOME AND ENDOWMENTS FROM**||||
||Donations and legacies|90,761|162,906|253,667|
||**Charitable activities**||||
||Grants|26,123||26,123|
||Investment income|28||28|
||Other income|301||301|
||**Total**|117,213|162,906|280,119|
||**EXPENDITUREON**||||
||Raising funds|14,512||14,512|
||**Charitable activities**||||
||Wages and salaries|29,775|108,610|138,385|
||Rent and rates|4,354|6,000|10,354|
||Insurance|5,191||5,191|
||Repairs and renewals|216|2,739|2,955|
||Light and Heat|1,679|2,000|3,679|
||Club activities and projects|1,078|11,194|12,272|
||Staff training|1,039|1,000|2,039|
||Depreciation|211||211|
||Pension contributions|1,537|2,493|4,030|
||Telephone, IT & Computer|801|1,000|1,801|
||Printing, postage and stationery|676|100|776|
||Motor expenses|317|6,938|7,255|
||Bank charges|297||297|
||Ripley costs|335|10,509|10,844|
||Accountancy|1,980||1,980|
||Professional fees and consultancy|16,930||16,930|
||Subscriptions|2,534||2,534|
||Temporary/specialist staff|2,414|9,000|11,414|
||**Total**|85,876|161,583|247,459|
||**NET INCOME**|31,337|1,323|32,660|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|132,145|28,987|161,132|
||**TOTAL FUNDS CARRIED FORWARD**|163,482|30,310|193,792|
##
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|**9.**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|
|||||Fixtures||
|||Freehold|Plant and|and||
|||property|machinery|fittings|Totals|
|||£|£|£|£|
||**COST**|||||
||At 1 April 2022|1|1,774|9,990|11,765|
||Disposals|~)|(1,774)|(9,990)|(11,765)|
||At31March 2023|||||
||**DEPRECIATION**|||||
||At 1 April 2022||1,354|9,774|11,128|
||Charge for year||420|216|636|
||Eliminated on disposal||(1,774)|(9,990)|(11,764)|
||At31March 2023|||||
||**NET BOOK VALUE**|||||
||At31March 2023|||||
||At31March 2022||420|216|637|
|**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||2023|2022|
|||||£|£|
||Trade debtors|||4,213|2,450|
||||||=|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||2023|2022|
|||||£|£|
||Trade creditors|||2,210|11,400|
||Social security and other taxes|||5,048|3,181|
||Other creditors (Charge Card)|||2,433|3,080|
||Accrued expenses|||3,167|4,795|
|||||12,858|22,456|
##
||2023|2022|
|---|---|---|
||£|£|
|Within one year|6,790|6,790|
|Between one and five years|14,710|21,500|
||21,500|28,290|
##
##
|**MOVEMENTINFUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.4.22|infunds|31.3.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|163,482|66,943|230,425|
|**Restricted funds**||||
|The Funding Network|17,864|(16,447)|1,417|
|John Lyon's Charity|5,417|26,300|31,717|
|Jack Petchey Foundation|850|58|908|
|St Giles & St George Education Charity|1,376|(1,376)||
|CityofWestminster Charitable Trust|577|7,756|8,333|
|Kusuma Trust|4,226|(4,226)||
|Westminster Amalgamated Charity||1,333|1,333|
|Grosvenor and the Westminster Foundation||17,496|17,496|
|The Mahoro Charitable Trust||19,077|19,077|
|London Community Foundation||11,898|11,898|
|The Sheldon Trust||1,278|1,278|
|Young Westminster Foundation||5,758|5,758|
|Jack Petchey Foundation (Internship)||12,840|12,840|
||30,310|81,745|112,055|
|**TOTAL FUNDS**|193,792|148,688|342,480|
|Net movementinfunds, includedinthe above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|infunds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|201,853|(134,910)|66,943|
|**Restricted funds**||||
|The Funding Network||(16,447)|(16,447)|
|John Lyon's Charity|42,300|(16,000)|26,300|
|Jack Petchey Foundation|900|(842)|58|
|St Giles & St George Education Charity||(1,376)|(1,376)|
|CityofWestminster Charitable Trust|20,000|(12,244)|7,756|
|City Bridge Trust|50,000|(50,000)||
|Kusuma Trust||(4,226)|(4,226)|
|Westminster Amalgamated Charity|8,000|(6,667)|1,333|
|Disability Sports Coach|1,962|(1,962)||
|Grosvenor and the Westminster Foundation|20,000|(2,504)|17,496|
|Westminster City Council|3,144|(3,144)||
|London Sport|4,018|(4,018)||
|The Mahoro Charitable Trust|30,000|(10,923)|19,077|
|London Community Foundation|15,000|(3,102)|11,898|
|The Sheldon Trust|1,278||1,278|
|Westminster Foundation|2,000|(2,000)||
|Young Westminster Foundation|9,979|(4,221)|5,758|
|Jack Petchey Foundation (Internship)|12,840||12,840|
||221,421|(139,676)|81,745|
|**TOTAL FUNDS**|423,274|(274,586)|148,688|
##
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|**Comparatives for movementinfunds**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.4.21|infunds|31.3.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|132,145|31,337|163,482|
|**Restricted funds**||||
|The Funding Network||17,864|17,864|
|John Lyon's Charity|578|4,839|5,417|
|Jack Petchey Foundation|750|100|850|
|St Giles & St George Education Charity(Independence Programme)|1,348|28|1,376|
|Michael Watson|314|(314)||
|CityofWestminster Charitable Trust||577|577|
|St Giles & St George Education Charity(LCRFGrant)|2,256|(2,256)||
|City Bridge Trust|7,214|(7,214)||
|Sir Jules Thorn Charitable Trust|385|(385)||
|Young Westminster Foundation (Easter Activities)|530|(530)||
|Young Westminster Foundation (Employment Support)|10,000|(10,000)||
|Garfield Weston Foundation|5,612|(5,612)||
|Kusuma Trust||4,226|4,226|
||28,987|1,323|30,310|
|**TOTAL FUNDS**|161,132|32,660|193,792|
|Comparative net movementinfunds, includedinthe above are|as follows:|||
||Incoming|Resources|Movement|
||resources|expended|infunds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|117,213|(85,876)|31,337|
|**Restricted funds**||||
|The Funding Network|17,864||17,864|
|John Lyon's Charity|32,500|(27,661)|4,839|
|Jack Petchey Foundation|850|(750)|100|
|St Giles & St George Education Charity(Independence Programme)|8,254|(8,226)|**28**|
|Michael Watson||(314)|**(314)**|
|City of Westminster Charitable Trust|20,000|(19,423)|577|
|St Giles & St George Education Charity(LCRFGrant)||**(2,256)**|(2,256)|
|City Bridge Trust|37,500|(44,714)|(7,214)|
|Ragdoll Foundation|132|**(132)**||
|Jack Petchey Foundation (Covid Recovery Grant)|14,960|(14,960)||
|Sir Jules Thorn Charitable Trust||**(385)**|(385)|
|Young Westminster Foundation (Easter Activities)||(530)|(530)|
|Young Westminster Foundation (Employment Support)||(10,000)|(10,000)|
|Garfield Weston Foundation||(5,612)|(5,612)|
|Kusuma Trust|12,706|(8,480)|**4,226**|
|Kings College London|5,000|(5,000)||
|Imperial College London|500|(500)||
|Hobson Charity|640|(640)||
|DfE and Westminster City Council|12,000|(12,000)||
||162,906|(161,583)|1,323|
|**TOTAL FUNDS**|280,119|(247,459)|32,660|
##
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