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2021-03-31-accounts

Charity Registration No. 1097475

Company Registration No. 04407339 (England and Wales)

ASHFORD PLACE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

ASHFORD PLACE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees C Fitzgerald M Fox Asma Bennani B Kinder J Hinton I Hemani W Pearse (Appointed 24 February 2021) E Kong (Appointed 24 February 2021) K Bateman (Appointed 30 June 2021) CEO and Secretary D Maher Charity number 1097475 Company number 04407339 Registered office 60 Ashford Road Cricklewood London NW2 6TU Auditor HW Fisher LLP Acre House 11-15 William Road London United Kingdom NW1 3ER Bankers Barclays Bank 171 Cricklewood Broadway London NW2 3JB Solicitors Linklaters 1 Silk Street London EC2Y 8HQ

ASHFORD PLACE

CONTENTS

Page
Trustees' annual report 1 - 13
Independent auditor's report 14 - 16
Statement of fnancial actvites 17 - 18
Balance sheet 19
Statement of cash fows 20
Notes to the fnancial statements 21 - 34

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

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).

Corporate Structure

Ashford Place – formerly known as Cricklewood Homeless Concern - is a Charitable Company limited by guarantee, incorporated on 2 April 2012, and registered as a charity on 12 May 2013. The company is established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Board of Trustees

The business of the charity is governed by the Board of Trustees (The Board). The members who served during the year and up to the date of approval of the financial statements are listed in the administrative details section below. The Trustees are responsible for overseeing the management of all the affairs of Ashford Place. The Trustees are appointed, elected, or re-elected according to procedures set out in the articles of association, which along with the memorandum of association, are the governing documents. Trustee recruitment is conducted by the Board. An individual induction programme for each new Trustee is agreed and implemented, covering all aspects of the role and organisation. Its work includes setting strategic direction and agreeing financial plans. The Board acts on advice and information from regular meetings with the Chief Executive. The Board meets at least four times a year for board meetings. The Resources subcommittees and the Advisory Groups also meet at least four times a year.

Attendance at Board meetings is recorded, and Trustees are expected to attend at least three Board meetings a year.

Page 1 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Administrative Details

----- Start of picture text -----
Name Position Appointed Resigned
September
Doug Crawford Chair November 2020
2006
June 2015 as
Trustee
Carey
Trustee
Fitzgerald
April 2021 as
Co-Chair
Trustee (Treasurer Jan 2018 –
Lynn Hodges June 2015 January 2021
January 2021)
Penny
Trustee April 2017 February 2021
Bernstock
April 2017as
Trustee
Mark Fox Trustee
April 2021 as
Co-Chair
Benjamin Kinder Trustee October 2018
Asma Bennani Trustee February 2019
Horatio Waller Trustee February 2019 January 2021
November
Irfan Hemani Trustee
2019
November
Jennifer Hinton Trustee
2019
Christopher
Trustee June 2020 June 2021
Ingram
----- End of picture text -----

Page 2 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
February 2021
as Trustee
William Pearse Trustee
July 2021 as
Treasurer
Etheldreda
Trustee February 2021
Kong
Karen Bateman Trustee June 2021
Secretary and Chief Executive
Danny Maher August 1998
Officer (CEO)
----- End of picture text -----

Statement of Trustees’ Responsibilities

The Trustees (who are also Directors of Ashford Place for the purposes of Company Law) are responsible for preparing the Annual 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. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions; to 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. The Trustees are also responsible for safeguarding the assets of the charitable company and, hence, taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Organisational Structure

The Trustees delegate the day to day running of the organisation to the Senior Management Team (SMT) i.e., Chief Executive Office, and Finance & Operations Director. At Ashford Place, we believe a non-hierarchal structure is conducive to achieving our aims. We aim to foster an open and honest culture and rely heavily on the contribution of 22 staff and 35 volunteers.

Public Benefit

We have developed our strategic plans to ensure that we provide public benefit and achieve our objectives as set out in our governing document. The objectives include.

We seek to achieve these by.

These objectives fall under the purposes defined by the Charities Act 2011. We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Purpose and Aims

The Charity is established to provide support services for those who are vulnerable which includes, but is not limited to, substance misuse, homelessness, unemployment, poor mental health, later life associated problems such as memory loss. The Charity also supports residents who need our services such as training and employability services, counselling and social activities and recreational opportunities. We continue to develop a community resource that integrates this mixed community as a means of developing a more inclusive and mutually supporting community.

Business Strategy

During the year, the Board of Trustees directed the SMT to focus on and respond to the corona virus pandemic, ensuring a full risk assessment was in place to protect staff, volunteers, clients, and visitors, at times when regulations allowed face to face engagement. The Board of Trustees will lead on the development of a business strategy post pandemic.

Page 4 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Our Vision, Mission and Principles

Our Vision: - ‘Social Inclusion of all’ Strapline: Transforming Lives Together

Our Mission: - To offer a full range of effective community-based services for homeless and socially isolated people enabling them to live independent and fulfilled lives.

Our Guiding Principles and Strategy

We work to a set of guiding principles and practices that underpin everything we do. These are:

Prevention : we seek to identify issues before they arise and take pre-emptive action.

Inclusion in the Community : we act as a community catalyst to energise, coordinate, and harness the capabilities of multiple stakeholders.

Collaborative Transformation : we deliver interventions and solutions, which build capability to transform lives and attitudes.

Self Determination : we support clients to use their skills and experiences to identify routes to personal, social, and financial independence.

Ambitious and Innovative Solutions : we encourage new and innovative approaches and the use of technology to deliver scalable and sustainable solutions.

Sustained Impact : we make a sustained social and economic impact on the livelihoods of the individuals and communities we serve.

Our strategic approach emphasises:

Financial Review

Details of our income and expenditure are set out in the Statement of Financial Activities (SOFA). Incoming resources for the year were £1,695,221 (2020: £1,133,258) and total resources spent on charitable activities were £1,194,826 (2020: £1,098,626), resulting in a net surplus of funds for the year of £500,395 (2020: £34,632).

The principal source of income continues to be from projects undertaken for the charity’s objectives and are detailed in the SOFA totalling £1,571,287 (2020: £1,055,098). Restricted income for the year was £1,375,948 of which £753,007 is being carried forward to be spent in 2021/22 (See note 16).

Page 5 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Principal Funding Sources

Our principal sources of funding continue to be from Local and Central Government, Brent Council, Irish Government, Charitable Trusts, and Individual Donations. We are also looking to widen our scope of funding from digital and corporate sources. All these sources are under pressure due to budget cuts and underlying economic uncertainties mostly because of the COVID-19. We continue to look at reducing further our cost base as well as attempting new ways for income generation such as digital fundraising and corporate sponsorship.

A summary of the impact of Coronavirus (COVID-19) on operations at Ashford Place

At the time of writing, the UK continues to be impacted by COVID-19 which started mid-March 2020. Government guidelines dictated that we needed to close our Centre as we were unable to guarantee social distancing for our clients, staff, volunteers, and visitors. The last twelve months have been a mixture of different COVID-19 Tiers and lockdowns. The COVID-19 control measures affected and continue to affect the charity’s activities in the following ways:

Response:

Trustees’ Annual Risk Statement

A rigorous process for identifying risks and a clear risk management policy is central to meeting our obligations to clients, staff, and donors.

Risk Management and Internal Controls

To be effective in our objectives and to meet our obligations to those who give us funding, we must identify and effectively manage risks, ensuring the risks we choose to take are understood and the decisions assessed appropriately. The board regularly reviews and updates the organisations’ Risk Register at all board meetings to ensure risks are identified and managed.

Page 6 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

How we manage risk

The Trustees have created a framework for identifying, assessing, and controlling risks. The Board of Trustees is responsible for overseeing risk management. It delegates elements of the process to the CEO and SMT. The CEO and other members of staff ensure the policies agreed by the Board are implemented. At Ashford Place, we recognise we must balance the cost of risk mitigation against the cost of the risks themselves. We ask all employees, partners, and volunteers to manage the risks within their areas of responsibility.

The Board delegates the day-to-day monitoring of these risks to the CEO and other senior members of staff. Staff are kept up to date on the need to identify and monitor risks and report to the CEO and Board.

Key Risks

The key risks currently identified by the Board are:

Reserves Policy

The Trustees have established a policy whereby uncommitted unrestricted funds (general funds) should be 6 months of total expenditure excluding building project costs. The reserves are needed to meet the working capital requirements of the Charity and the Management Committee is confident at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. The general funds are £400,776 of which £284,670 are free reserves. Total reserves held at the end of the year represent at least six months of total expenditure. The strategy is to continue to build reserves through planned operating surpluses even in these challenging times. The Management Committee has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.

Page 7 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Plans

Having managed reasonably well despite the impact of COVID-19 our focus going forward will be on sustainability of the charity, quality services to our vulnerable clients, and how best to deliver support services in the, soon to be hoped for, post pandemic era. We anticipate that we will continue some form of social distancing to ensure the safety of all associated with Ashford Place. Within this cautious environment, we aim to provide our clients and residents with the best possible advice and support, opportunities to achieve social and financial independence and to make a positive contribution to the local community. All those involved in the life of Ashford Place: staff, trustees, volunteers, and clients will continue to contribute to the delivery of our services and activities. We will support our clients to be fully integrated within the community and to have the resources needed for a positive lifestyle. We will work with residents to create a welcoming, opportunistic, healthy, and positive local environment. We continue to provide our services where residents need them most i.e. right across the borough, therefore we will be setting up more popup sessions for local people. All this activity will take place according to the COVID-19 regulations as they play out over 2021/22.

Services and Outcomes

Housing Services:

As with our other services our Housing support programmes were severely challenged during the lasts twelve months. Most of the support was offered online and by phone. We started the year with the closure of our Assessment Centre. In April 2020 when we were instructed by the GLA and Brent Council to move all clients out of our Assessment Centre to hotels as our living quarters were not suitable to social distancing. The closure of the Assessment Centre meant the loss of most of our Housing staff. Whilst most clients were eventually housed, we have lost a key component of our housing service i.e. the ability to offer emergency accommodation to single homeless people.

We have continued with our Boost Up programme – i.e. supporting 18 – 24-yearold homeless people into secure accommodation, a service which is scheduled to end in June 2021 as funding ceases at that point. Our Big Lottery funded ‘Independent Lifestyles’ project also continued to support clients during the year and again funding for this work ends in June 2021

Page 8 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Key achievements:

Social Inclusion

Brent and parts of its surrounding boroughs are ranked amongst the top 15% of the most deprived areas of the country. This level of deprivation is characterised by high levels of long-term unemployment, lower than average incomes and a reliance on benefits and social housing. Loneliness and isolation are also associated with poor mental, physical, and emotional health. Socially isolated and lonely adults are more likely to experience early admission to residential or nursing care.

Key achievements:

Page 9 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

HEALTH & Wellbeing

The last twelve months have been challenging for everyone, and for those with mental health difficulties. Despite the barriers to physical engagement brought about by the pandemic we have continued to engage with our clients via phone, internet, and doorstep visits. This way of working has meant that we had to re-double our resources to ensure we continued to keep in contact with everyone at least once a week. Over time we began to be more confident in our use of digital communication and many of our clients are now reasonably able to take part in zoombased activities, with the occasional face to face support in between the various lockdowns throughout the year.

Working with communities across Brent and focusing on BAME and Faith communities, we engage with groups who do not tend to access health and wellbeing support whether it be mental health, physical health, dementia, and general advice services. Most of our clients live with mental health challenges or dementia, are carers, homeless or have been homeless, socially isolated, long term unemployed and aged 18 and above. All the activities Ashford Place delivers are accompanied by health and wellbeing messages and promote positive health. We work alongside Brent CCG’s and Brent Council jointly funded Peer Support programme to ensure we work in partnership and optimise the lived experience of clients.

Key achievements

 Working alongside Hestia and contracted by Brent Clinical Commissioning Group we together continued to support people with long term mental health problems, to strengthen their confidence and self-esteem and to move closer to being able to find employment. Our team of Mentors and Befrienders were an invaluable support and have been one of the highlights of this challenging year. The contract ended at the end of April 2021 which has been a challenge for everyone involved as we are keen to ensure our clients continue to be supported by the new contractor.

Page 10 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

 Continued support of our dementia cafes which were particularly challenged during the pandemic, but who continue their work in supporting the creation of a dementia friendly borough. Community Action on Dementia – Brent, a campaigning group received ‘working to become a dementia friendly borough ‘status in December 2020 from the Alzheimer’s Society. Ashford Place is a key partner working along with this group.

Working Together

Ashford Place sees itself as a charity for the whole community and as such is keen to join residents and businesses to develop a pleasant and sustainable place for all of us. As Chair of the Cricklewood Town Team (CTT ) since 2009 Danny Maher, CEO of Ashford Place continued to meet with the CTT membership, mostly via zoom to discuss the Town Team’s response to COVID19 and how best to support residents and local businesses. Despite the challenging year, the Town Team continues to improve and develop the area and remained the voice of residents in our community.

CTT volunteers work in partnership with residents, business and statutory bodies and have been working hard to improve the environment in Cricklewood over ten years. We benefit from thriving local resident associations such as NorthWestTwo, the Railway Cottages, Mapesbury RA and groups such as Clitherhouse Farm, local businesses, our Councillors from our surrounding wards of Mapesbury (Brent), Childs Hill (Barnet) and Fortune Green (Camden), and of course our residents.

Key achievements:

The Brent NCIL-funded pedestrianisation of Oaklands Road/Broadway. Completion and formal opening in July 21 coincided with the easing of the latest lockdown. The project was completed in March 21 and now offers a safe attractive pedestrian space including improved air-quality on the Broadway.

Page 11 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

The Town Team’s partnership with GTR at Cricklewood station enabled CTT and residents’ associations to obtain funding for improved facilities at the Station. There is a stunning art installation on the approach to Platform 1 by local artist and CTT member, Alistair Lambert acknowledging the historical presence of the aeronautical industry in Cricklewood. A history project will be installed in the new passenger waiting area as soon as this has been finalised, bringing the story of Cricklewood over the past 150 years. The plan for the garden on the platform was stopped by the rail companies from a safety viewpoint. However, the wonderful repainting of Cricklewood on the railway bridge was undertaken by using that funding and a lot of hard work by Northwest Two RA to get all the requirements in place for the work to be undertaken safely.

CTT continued to work with the Cricklewood Business Association to ensure clear communication of public realm projects and their development on the Broadway e.g. Brent Cross development which include new road works on the Broadway.

The TfL Legible London signpost installation was completed during the year

The Cricklewood Community Library continues to be developed and is expected to formally open in the autumn of 2021. CTT encourages residents to get involved in the range of planned activities. It’s been a hard struggle to raise the funds and credit goes to this local success. www.cricklewoodlibrary.org.uk

The search for community space in Cricklewood continues; the Town Team aims to use the space for local involvement in environmental and well-being issues.www.cricklewood.net

How we help

We help people to achieve their potential, and to achieve social and financial independence. We do this by providing services as far as possible tailored to their needs. Our Poly Centre, with 99% of services under one roof, enables us to provide a more rapid and appropriate response and beneficial outcomes, thus moving people onto greater control of their lives more quickly than in previous years. We will take the lessons of the last year to reflect a different service delivery model e.g. hybrid of digital and face to face engagement with client.

Page 12 of 13

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Many of our clients have multiple challenges and require a range of support that enables them to achieve personal and social fulfilment. Unfortunately, the trend towards increasing demand for our services continues, given the reduction in statutory services and the increasing financial and health pressures experienced by more and more people.

Again, as for last year, we are seeing an increasing demand for our services, increasing numbers of people with more complex issues, and more and more who are housebound due to serious mental and physical health problems. Add to that the serious issues that were amplified by COVID-19 e.g., health inequalities, increased numbers of people reporting mental health problems, and the widening gap between digitally connected and disconnected communities. All these combine to put pressure and responsibility on Ashford Place to continue responding as best we can particularly as our resources have not increased but demand has.

We are blessed with having a very supportive and proactive local community, very professional partners and a client group who are open to recognising their strengths and working collaboratively with us on to achieve solutions within our community.

Disclosure of information to auditor

Each of the trustees 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.

Auditor

A resolution to reappoint HW Fisher LLP as auditor will be proposed at a Board of Trustees meeting later in the year.

Signed on behalf of the trustees

William Pearse Treasurer Date……………………….. 23 September 2021

Page 13 of 13

ASHFORD PLACE

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF ASHFORD PLACE

Opinion

We have audited the financial statements of Ashford Place (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).

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.

ASHFORD PLACE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ASHFORD PLACE

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:

ASHFORD PLACE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ASHFORD PLACE

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Sailesh Mehta (Senior Statutory Auditor)

for and on behalf of HW Fisher LLP

Chartered Accountants Statutory Auditor Acre House 11-15 William Road London NW1 3ER United Kingdom .........................

ASHFORD PLACE

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 and gifs
3
24,786
-
Charitable actvites
4
225,476
-
Investments
5
572
-
Other income
7
68,439
-
Total income
319,273
-
Expenditure on:
Charitable actvites
8
299,928
48,000
Net incoming resources before transfers
19,345
(48,000)
Gross transfers between funds
12
(7,616)
47,616
Net income for the year/
Net movement in funds
11,729
(384)
Fund balances at 1 April 2020
389,047
2,342,613
Fund balances at 31 March 2021
400,776
2,342,229		 Restricted
funds
2021
£
30,137
1,345,811
-
-
1,375,948
846,898
529,050
(40,000)
489,050
263,957
753,007		 Total
2021
£
54,923
1,571,287
572
68,439
1,695,221
1,194,826
500,395
-
500,395
2,995,617
3,496,012		 Total
2020
£
77,783
1,055,098
377
-
1,133,258
1,098,626
34,632
-
34,632
2,960,985
2,995,617

All income and expenditure derives from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ASHFORD PLACE

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 and gifs
3
48,983
-
Charitable actvites
4
446,747
-
Investments
5
377
-
Total income
496,107
-
Expenditure on:
Charitable actvites
8
525,512
48,000
Net incoming resources before transfers
(29,405)
(48,000)
Gross transfers between funds
12
2,400
(2,400)
Net income for the year/
Net movement in funds
(27,005)
(50,400)
Fund balances at 1 April 2019
416,052
2,393,013
Fund balances at 31 March 2020
389,047
2,342,613		 Restricted
funds
2020
£
28,800
608,351
-
637,151
525,114
112,037
-
112,037
151,920
263,957		 Total
2020
£
77,783
1,055,098
377
1,133,258
1,098,626
34,632
-
34,632
2,960,985
2,995,617

All income and expenditure derives from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ASHFORD PLACE

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilites
Income funds
Restricted funds
16
Unrestricted funds
Designated funds:
Property
17
General unrestricted funds		 2021
£
38,037
1,301,384
1,339,421
(190,191)
2,342,229
2,342,229
400,776		 £
2,346,782
1,149,230
3,496,012
753,007
2,743,005
3,496,012		 2020
£
94,737
735,525
830,262
(176,531)
2,342,613
2,342,613
389,047		 £
2,341,886
653,731
2,995,617
263,957
2,731,660
2,995,617

The financial statements were approved by the Trustees on .........................23 September 2021

..............................

W Pearse Trustee

Company Registration No. 04407339

ASHFORD PLACE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash fows from operatng actvites
Cash generated from operatons
21
Investng actvites
Purchase of tangible fxed assets
Investment income received
Net cash used in investng actvites
Net cash used in fnancing actvites
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(72,096)
572		 £
637,383
(71,524)
-
565,859
735,525
1,301,384		 2020
£
(47,376)
377		 £
108,058
(46,999)
-
61,059
674,466
735,525

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Ashford Place is a private company limited by guarantee incorporated in England and Wales. The registered office is 60 Ashford Road, Cricklewood, London, NW2 6TU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum & 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. The principal accounting policies adopted are set out below.

Consolidated financial statements have not been prepared because inclusion of the dormant subsidiary, CHC Trading Limited would not be necessary to give a true and fair view.

1.2 Going concern

The Trustees have considered the effect of the Covid-19 outbreak. The Trustees consider that the outbreak has caused some disruption to the Charity’s business to date. The effect of the above has meant a continuation of many of our services but delivered in new ways and this has meant that staff and volunteers have had to learn quickly to keep up with the demand of new ways of working e.g. getting used to zoom one to one and group meetings, encouraging and supporting vulnerable clients to use technology to engage with us and for staff to stay in touch with each other on digital platforms rather than face to face. We believe that whilst our services will continue to be in demand and grow we will learn the lessons of Covid-19 and create service delivery methods that include a growing element of digital engagement as well as the more traditional face to face engagement with clients. Due to the lockdown and the government restriction Ashford Place had to stop the housing of vulnerable people, this was a large portion of the core activities of the charity, this still remains the case. Through the additional activities mentioned above the charity has been able to maintain a surplus in funds.

Funders have been particularly supporting during Covid-19 which has allowed us to continue delivering our services. Our reserves position coming into to April 21 and beyond has meant we have been able to continue supporting our clients albeit in a different way. We are acutely aware of the stresses experienced by our clients and our staff and volunteers and are in active discussions now to manage the risk and move towards a ‘new normal’ and what that will look like for Ashford Place.

The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence 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 funds which can be used in accordance with the charitable objects at the discretion of the trustees.

The property fund represents the net book value of the charity's freehold property.

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.

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

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.

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 operating income over the same period as the costs to which they relate. Government grants are accounted for under the accrual model.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probably that settlement will be required and the amount of the obligation can be measured reliability

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 Buildings 2% Straight Line Equipment and computer software 20% - 33% Straight Line

Freehold land is not depreciated.

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 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).

1.8 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 are initially recognised at transaction value and subsequently measured at their settlement value.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

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

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.11 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting date. Gains and losses arising on translation are included in net income/ expenditure for the period.

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.

There are no critical accounting estimates during the year. However, 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.

3 Donations and gifts

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
general general
2021 2021 2021 2020 2020 2020
£ £ £ £ £ £
Donatons and gifs 24,786 30,137 54,923 48,983 28,800 77,783

4 Charitable activities

Support Services
Analysis by fund
Unrestricted funds - general
Restricted funds		 2021
£
1,571,287
225,476
1,345,811
1,571,287		 2020
£
1,055,098
446,747
608,351
1,055,098

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

5 Investments

Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Interest receivable 572 377

6 Department of Foreign Affairs and Trade; Emigrant Support Programme

Restricted fund income shown in note 4 above includes funding from the Department of Foreign Affairs and Trade; Emigrant Support Programme.

During the year end 31 March 2021, Ashford Place received grants of £198,479 (2020: £163,200) from the Department of of Foreign Affairs and Trade, Emigrant Support Programme. The grant awarded covers the period to 30th June 2021 and was for the following:

Elders Advocacy and Advice Services £131,000 (2020: £115,000)
Irish Dementa Project £8,000
(2020: £8,000)
Elders Lunch Club and Social Actvites £10,200 (2020: £10,200)
Organisaton Costs towards All Irish Project £Nil
(2020: £20,000)
Befriending project £14,000 (2020: £10,000)
Covid Response Fund £28,679 (2020: Nil)
Christmas 2019 Covid Fund £6,600
(2020: Nil)

The grants awarded in the year ended 31 March 2021 have been partially spent in the year to 31 March 2021 and the balance of £42,450 has been spent in the current financial year by 30 June 2021. This balance was carried forward in restricted funds as at 31 March 2021.

7 Other income

Unrestricted Total
funds
general
2021 2020
£ £
CJRS government grant 68,439 -

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8 Charitable activities

Staf costs
Service provision
Other expense
Travel and subsistence
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		 Support
Services		 Support
Services
2021
£
710,107
103,063
27,928
2,913
844,011
339,398
11,417
1,194,826
299,928
48,000
846,898
1,194,826		 2020
£
709,536
78,483
5,196
5,431
798,646
288,012
11,968
1,098,626
525,512
48,000
525,114
1,098,626

9 Support costs

Support costs
Governance
costs
£
£
Depreciaton
67,200
-
Communicatons
14,422
-
Equipment maintenance
37,367
-
Insurance
10,878
-
Premises costs
150,404
-
Postage and statonery
2,686
-
Professional fees
56,066
-
Bad and doubtul debts
375
-
Audit fees
-
10,937
Insurance and other costs
-
480
339,398
11,417
Analysed between
Charitable actvites
339,398
11,417		 2021
Support costs
Governance
costs
£
£
£
67,200
61,757
-
14,422
17,160
-
37,367
18,099
-
10,878
10,576
-
150,404
149,436
-
2,686
2,674
-
56,066
23,570
-
375
4,740
-
10,937
-
11,539
480
-
429
350,815
288,012
11,968
350,815
288,012
11,968		 2020
£
61,757
17,160
18,099
10,576
149,436
2,674
23,570
4,740
11,539
429
299,980
299,980

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

10 Trustees

During the year two payments totalling £8,000 (2020: none) were made for consultancy services to Lynn Hodges, a trustee.

11 Employees

Number of employees

The average monthly number employees during the year was:

Housing Department
Core / Central Services
Social Inclusion/Health and Wellbeing
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
7
3
12
22
2021
£
649,374
48,982
11,751
710,107		 2020
Number
13
2
11
26
2020
£
651,403
46,721
11,412
709,536

No employees earned over £60,000 during the year. The senior management team received total remuneration of £154,028 (2020: £145,230).

During the year, termination payments totalling £16,140 are included in staff costs above.

12 Transfers

Transfers between funds represents the release of the £40,000 grant received from Brent Council for the Neighbourhood CIL Project. Funding had been utilised for the construction during the year and the costs capitalised. The restriction having been met, the expended balance was transferred to unrestricted funds. A transfer is made to designated funds to match the additions in the year on the property fund.

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

13
Tangible fxed assets
Cost
At 1 April 2020
Additons
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
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 Freehold
Buildings
Equipment and
computer
sofware
£
£
2,728,118
535,240
47,616
24,480
2,775,734
559,720
497,058
424,414
48,000
19,200
545,058
443,614
2,230,676
116,106
2,231,060
110,826
2021
£
29,980
8,057
38,037
2021
£
61,023
46,489
82,679
190,191		 Total
£
3,263,358
72,096
3,335,454
921,472
67,200
988,672
2,346,782
2,341,886
2020
£
77,303
17,434
94,737
2020
£
33,339
5,014
138,178
176,531

Balance at 31 March 2021 £ 42,450 - 72,391 78,913 79,966 - - - - - - - - 273,720
Transfers £ - - - - - - - - - - - - - -
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
Transfers
Balance at
Incoming
Resources		 1 April 2019
resources
expended
1 April 2020
resources
expended		 £
£
£
£
£
£
£		 Department of Foreign Afairs and Trade; Emigrant Support Programme
38,525
163,200
(160,925)
-
40,800
198,479
(196,829)		 The Archer Trust
-
-
-
-
-
4,000
(4,000)		 Big Lotery Fund - Independent Lifestyles HTC
24,685
116,319
(97,802)
-
43,202
120,995
(91,806)		 Big Lotery - Dementa Voices **
-
-
-
-
-
78,913
-		 Brent CCG**
6,150
60,000
(46,864)
-
19,286
109,000
(48,320)		 Housing Justce Fund
14,040
19,383
(33,423)
-
-
-
-		 The Peter Stebbings Memorial Charity
5,939
-
(5,939)
-
-
-
-		 Garfeld Weston
-
-
-
-
-
25,000
(25,000)		 Kingsbury Charity
-
-
-
-
-
40,000
(40,000)		 Zurich Community Trust *
5,062
-
(5,062)
-
-
20,000
(20,000)		 Sisters of Mercy*
-
10,000
(10,000)
-
-
5,000
(5,000)		 WNST
-
-
-
-
-
4,140
(4,140)		 Laing Family trust
-
-
-
-
-
5,040
(5,040)		 Carried forward
94,401
368,902
(360,015)
-
103,288
610,567
(440,135)
16
(Contnued) Balance at 31 March 2021 £ 273,720 58,510 127,000 - - 24,751 13,357 - - - 13,357 - 219,280 - - 5,000 - - 5,000 13,032 753,007
Transfers £ - - - - - - - - - - - - - - - - - (40,000) - (40,000)
Resources expended £ (440,135) (59,939) - - (15,000) (25,734) (53,473) (49,728) - - (47,443) (31,420) - (12,500) (74,898) - (14,167) - (20,000) (2,461) (846,898)
Incoming resources £ 610,567 76,661 127,000 - 15,000 33,900 66,830 12,432 - - 60,800 31,420 154,280 12,500 74,898 5,000 14,167 40,000 25,000 15,493 1,375,948
Balance at 1 April 2020 £ 103,288 41,788 - - - 16,585 - 37,296 - - - - 65,000 - - - - - - 263,957
Transfers £ - - - - - - - - - - - - - - - - - - - -
Resources expended £ (360,015) (35,204) - (14,188) - (38,294) - - (13,000) (3,000) (22,500) (25,000) (13,913) - - - - - - (525,114)
Incoming resources £ 368,902 50,000 - 5,015 - 33,525 - 37,296 13,000 3,000 22,500 25,000 78,913 - - - - - - 637,151
Balance at 1 April 2019 £ 94,401 26,992 - 9,173 - 21,354 - - - - - - - - - - - - - 151,920
Restricted funds Brought forward Hesta- Employment services Central & North West Foundaton Heritage Lotery The Draper charitable fund City Bridge Trust * Crisis Greater London Authority London Mobile Christmas Service Help Homeless Ltd Homeless Link HCIP Mercer's Charitable Trust Big Lotery Community Fund CAF Martn Lewis Power to Change CCLORS Centre for the Cast City of London Brent Neighbourhood CIL Project London Borough of Brent Hospitality Grant Other – donatons
16

Restricted funds
(Contnued)		 Emigrant Support Programme: The restricted funds of £42,450 at the year end are all allocated for the Department of Foreign Afairs and Trade; Emigrant Support Programme, which was a grant received from the Irish Embassy. The grant was for £198,479 of which £156,029 was for the year ending 31 March 2021, and £42,450 is carried forward to the year ending 31 March 2022. The grants were restricted to actvites of Elders Advocacy and Advice Services, Elders Lunch Club and Social Actvites, and organisatonal costs towards all Irish projects and two Covid 19 emergency response projects. * These funds were provided to support the community cafe. * These funds were provided to support the community cafe. * These funds were provided to support the community cafe. **These funds were to support dementa services and projects The Big Lotery funds Independent Lifestyles, a project that supports those in a period of crisis to prevent it escalatng into homelessness and desttuton. Garfeld Weston Foundaton – funding to cover of Social Inclusion and Health and Wellbeing costs The Peter Stebbings Memorial Charity – funding of dance and music for elderly clients The Archer Trust – housing funding Hesta - Employment services – funding of Lot A/B of mental health project providing meaningful actvites and training towards volunteering and employment for people living with long term mental health challenges. Heritage Lotery – funding of Heritage Project on the story of Irish and Pakistani immigraton into Cricklewood during the 1950’s Kingsbury Charity – funding for Health and Wellbeing necessitous works, Zurich community Trust funds Dementa Café at Ashford Place and Sisters of Mercy fund Dementa Services and Health & Wellbeing project for Irish clients at Ashford Place. WNST provides funding for ft and well actvites and Covid support for older clients at Ashford Place at beginning of the pandemic and Laing Family Trust provided funding for relief of need during Covid 19 pandemic. Central & North West London Foundaton provided funds for mental health and dementa services and Central & North West London NHS Foundaton provide funding for Mental Health projects and Dementa Peer support groups.
16

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

17 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
£
Property fund
2,279,060
Property
maintenance
sinking fund
113,953
2,393,013		 Resources
expended
£
(48,000)
-
(48,000)		 Transfers
Balance at
1 April 2020
£
£
-
2,231,060
(2,400)
111,553
(2,400)
2,342,613		 Resources
expended
£
(48,000)
-
(48,000)		 Transfers
Balance at
31 March 2021
£
£
47,616
2,230,676
-
111,553
47,616
2,342,229		 Transfers
Balance at
31 March 2021
£
£
47,616
2,230,676
-
111,553
47,616
2,342,229
2,342,229

The property fund represents the net book value of the charity's freehold property. The property maintenance sinking fund has been set up to provide a sinking fund for the periodic maintenance of the charity's property. The fund is calculated at 5% of the carrying value of the property. The use of this fund is at the discretion of the trustees.

Total 2020 £ 2,341,886 653,731 2,995,617
Restricted funds 2020 £ - 263,957 263,957
Designated funds 2020 £ 2,231,060 111,553 2,342,613
Unrestricted funds 2020 £ 110,826 278,221 389,047
Total 2021 £ 2,346,782 1,149,230 3,496,012
Restricted funds 2021 £ - 753,007 753,007
Designated funds 2021 £ 2,230,676 111,553 2,342,229
Unrestricted funds 2021 £ 116,106 284,670 400,776
Analysis of net assets between funds Fund balances at 31 March 2021 are represented by: Tangible assets Current assets/(liabilites)
18

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

19 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) other than disclosed in the trustee note.

20 Subsidiaries

These financial statements are the separate charity financial statements for Ashford Place.

Details of the charity's subsidiaries at 31 March 2021 are as follows:

CHC Trading Limited (Company No. 06607780 - England and Wales). The company is currently dormant and has deficit reserves of £14,170. It is wholly owned by Ashford Place and its registered office is 60 Ashford Road, London, NW2 6TU.

21
Cash generated from operatons
Surplus for the year
Adjustments for:
Investment income recognised in statement of fnancial actvites
Depreciaton and impairment of tangible fxed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Cash generated from operatons		 2021
£
500,395
(572)
67,200
56,700
13,660
637,383		 2020
£
34,632
(377)
61,757
(42,716)
54,762
108,058

22 Analysis of changes in net funds The charity had no debt during the year.