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2022-03-31-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 2022

ASHFORD PLACE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees C Fitzgerald A Bennani B Kinder I Hemani W Pearse E Kong K Bateman M Gomm 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

(Appointed 30 June 2021) (Appointed 1 November 2021)

ASHFORD PLACE

CONTENTS

Page
Trustees' annual report 1 - 14
Independent auditor's report 15 - 17
Statement of fnancial actvites 18 - 19
Balance sheet 20
Statement of cash fows 21
Notes to the fnancial statements 22 - 36

(Company Limited by Guarantee)

TRUSTEES’ ANNUAL Report

YEAR ENDED 31 MARCH 2022

The Board of Trustees are pleased to present their Trustees’ Annual Report and financial statements for the year ending 31 March 2022. The Trustees’ Annual Report contains a Directors’ Report as required by company law. The report and 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 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 operations of the charity are governed by the Board of Trustees (The Board) whose members during the year are listed in the Administrative details section below. The Trustees are responsible for overseeing the management of all the affairs of Ashford Place.

Induction and Training of New Trustees

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. The Board seeks to ensure that all the activities of the organisation are within UK law and agreed charitable objectives. 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 and has one sub-committee i.e. a Resource Committee which also meets 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.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Administrative Details

----- Start of picture text -----
Name Position Appointed Resigned
Carey Fitzgerald
Trustee (Chair) June 2015
Mark Fox Trustee April 2017 December 2022
Benjamin October 2018
Trustee
Kinder
Asma Bennani February 2019
Trustee
November 2019
Irfan Hemani Trustee
Jennifer Hinton November 2019 November 2021
Trustee
Christopher Ingram
Trustee June 2020 June 2021
February 2021
William Pearse Trustee (Treasurer)
Etheldreda Kong February 2021
Trustee
Karen Bateman
Trustee June 2021
Megan Gomm November 2021
Trustee
Secretary and Chief
Danny Maher
August 1998
Executive Officer (CEO)
----- End of picture text -----

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 Practices).

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.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company ’ s website.

Organisational Structure

The Trustees delegate the day-to-day running of the organisation to the Senior Management Team i.e. Chief Executive Officer 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 25 staff and 20 volunteers.

Remuneration Policy for the Senior Management Team

The board is responsible for agreeing and reviewing the remuneration of the Senior Management Team. The remuneration policy is reviewed annually, in line with the budget, with the board reserving the right to review the remuneration package of the Senior Management Team and other employees more frequently if required. The responsibility for the remuneration of new employees who are not part of the Senior Management Team is delegated to the Senior Management Team.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

.

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's objects are the prevention and relief of poverty, homelessness and unemployment by the provision of advice, housing, practical assistance and by conducting of research into factors that contribute to them, the relief of those in need by reason of youth, ill-health, disability, financial hardship or other disadvantage by the provision of advice, accommodation and services, the advancement of health, well-being and social isolation by provision of advice and services and the promotion of beneficial activities for people in Cricklewood, the London Borough of Brent and throughout London.

Business Strategy

During the year the Board of Trustees have been working with the SMT to prepare an operational strategy document to direct the future work that the charity intends to undertake. In addition to this, the Board has been working with the SMT on a number of new projects to enhance the services offered to the users of the charity, including the offering of free health check ups.

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.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

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-Determinations: 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 £ 1,033,410 (2021: £ 1,695,221) and total resources spent on charitable activities were £ 933,202 (2021: £ 1,194,826), resulting in a net surplus of funds for the year of £ 100,208 (2021: £ 500,395).

The main driver for decrease in income has been the termination of our housing projects (Assessment Centre and Boost Up) and a more challenging grant application environment.

The principal source of income continues to be from projects undertaken for the charity’s objectives and are detailed in the SOFA totalling £937,831 (2021: £1,571,827). An accumulated Restricted Fund balance of £757,197 is being carried forward to be spent in 2022/23.

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.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Compliance with fundraising regulations

We use a mix of the services of a professional fundraiser and in-house fundraising resources, and all our fundraising activities are influenced by advice from the Fundraising Code of Practice as outlined by the Fundraising Regulator https://www.fundraisingregulator.org.uk/. We do not have any evidence of failure in complying with any standards of fundraising from either external or internal sources. Reports on fundraising activities are shared and discussed by Trustees of the charity on a regular basis. All funding applications are submitted to official funding bodies only. We do not request funding from individuals.

Going Concern

The resource committee and board continue to monitor the activities and income of the charity to ensure that the charity has sufficient funds to continue to operate. While the impact from Covid19 is still being felt within the charitable sector, we have continued to fund raise to ensure that we have sufficient funds to continue our core work.

The charity has seen a decrease in both income and expenses in the year as a result of the closure of our assessment Center and boost up program. The closure of these programs have enabled us to refocus our resources in directions that more suit the expertise of the charity. While this movement in income is significant, the expenses associated with this work were higher, therefore the trustees are comfortable that this has no impact on the charities ability to continue operating.

At the time of approving the financial statements, the trustees have a reasonable expectation based on level of free reserves, cashflow and forecast 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.

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 accept are understood and the decisions assessed appropriately. The board regularly reviews and updates the organisation’s Risk Register at all board meetings to ensure risks are identified and managed.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 Executive Directors and other staff. 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

is to continue to build reserves through planned operating surpluses even in these challenging times.

Identified expenditure that could be curtailed, should such circumstances arise.

Plans for the future

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 post pandemic era. Within this cautious environment, we aim to provide our clients and local 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 local 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 pop-up sessions for local people throughout 2022 and beyond

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Services and Outcomes

Housing Services:

In a year still very much affected by the Covid pandemic, we have adapted our service into a service offering on-line as well as face to face engagement with our clients and partners. In this report we talk about our response to the impact of Covid 19 and how we continued, differently, without funding for a team of housing workers to help our clients and work with our partners.

In the year to 31March 2022, we are pleased to report that all 35 of our Assessment Centre clients who were moved out of our service into hotel accommodation have now found their own accommodation and our team of IAG workers continues to support them when they encounter issues such as difficulty settling in, effective pursuit of their employment ambitions, reconnection with their families and the prevention of further homelessness. Many that continue to work with us over the years value their relationship with us especially in a time where accessing statutory services has been made very difficult because of Covid 19 – remote working and the requirement to access services digitally which requires access to the internet and a good level of literacy.

Our post Covid operating model focusses on individuals who refer themselves in person or increasingly online seeking housing advice. Whilst the majority of this support has been either digital, by phone, face to face or a combination of all three it has also included the continuation of our food-provision based services, such as the offering of food parcels and/or cooked takeaway lunches, and this service continues. It must be said these clients are new to us, with the occasional past client returning but by and large we are supporting a new cohort in very new ways that are challenging for both parties.

The key issue now for us is to identify funding to help us develop a 2G Independent Lifestyles project, while utilising the lessons from the past, from Covid-19, to develop a service provided digitally, at community locations and at home. The key issues for us are that housing itself is not the core problem, rather it is a lack of effective access to preventative support, as well as ensuring that secure high standard accommodation is provided. We want to develop a multidisciplinary offer made up of key services signed up to support individual clients

We completed our Boost Up project which saw us move 57 under 35’s out of homelessness into accommodation. Our project was able to make payment of deposits or landlord incentives and pay the difference in rent due and housing benefit received for a period of 6 months. Whilst engaging in the programme clients were required to engage in training and wellbeing activities to support them into work. 95% remain in their accommodation and in work or full time education.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

We worked with a further 229 clients in need of housing support and we have managed requests for help from 250+ people presenting in person as homeless. They have been signposted to the correct agency to deal with their needs as funded by our local authority – Crisis Skylight and Brent Homeless Team. Satisfaction rates are low with people telling us they are not getting the help they need so we continue to work with them to resolve their housing issues. We can no longer provide accommodation as our Assessment Centre ceased operation with the arrival of Covid 19 as we are unable to provide suitable safe accommodation. We have built good relationships with landlords in the private rented sector.

57 Under 35 yr old into accommodation with 6 mths support 27 Older men and women moved into sheltered accommodation

36 Clients moved from unsuitable accommodation to better accommodation 279 clients helped with housing support

250+ people signposted for help with street homelessness

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:

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Client Outcomes

HEALTH & Wellbeing

With Covid-19 influencing every aspect of our lives we have focused our resources on supporting the health and wellbeing of our clients and staff in the last year. It has been particularly important to focus on groups that statutory and voluntary sector services are less good at engaging e.g. those from BAME, homeless people, those who experience health inequalities. We have positive connections with all the major communities in NW London e.g. faith, voluntary sector, NHS, Local authorities and others, and we use them to ensure that our clients receive integrated support for what can often be a plethora of challenges. The majority 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. In the last year we have focused on developing Brent Thrive, a mental health community action grass-roots project committed to changing the conversation around mental health. Starting in the height of the pandemic in 2020, members who are those with lived experience of mental health challenges have worked together to bring about change in mental health services. Examples of their work include the launch of Working together to Create a Mental Health Friendly Brent, co-producing training for front line mental health provider staff, meeting with commissioners and service providers to help create a person centred holistic mental support service in Brent, co-producing a new mental health website.

Our dementia programme has expanded during the year, again a very important development given the negative impact that Covid-19 has and continues to have on our dementia community. Carers and people living with dementia have needed our support more than ever, and in particular against a backdrop of some statutory service staff working at home, difficulty in accessing NHS services, increasing expectation from benefits agencies that everyone should be digitally competent, when we know that this is not the case, and that a significant minority of our population need time consuming support to overcome digital barriers.

We work alongside Brent CCG – Clinical Commissioning Group - and Brent Council’s jointly funded Dementia Peer Support programme to ensure we work in partnership and optimise the lived experience of participants.

We have publicised the activities throughout the borough extensively via Website and social media, in Brent Council’s E-newsletter and in our weekly newsletter. Our work promoting this programme at GP practices and with Community Mental Health Teams continues to produce many referrals.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Key achievements

140 people provided with counselling support (up from 50 last year).

8674 nutritious healthy lunches served in our Community Café

Client Outcomes

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Working Together

Ashford Place sees itself as a charity for the whole community and as such is keen to join local residents and businesses to develop a pleasant and sustainable place for all of us. As Chair and part creator of the Cricklewood Town Team (CTT ) since 2009 Danny Maher, CEO of Ashford Place is delighted to report another successful year, despite Covid-19 for the Town team as it continues to improve and develop the area for local residents and businesses. Given the restrictions of the pandemic the CTT continued to deliver on its aims as much as it could and whilst it was a very quiet year all round it remained the voice of local residents in our community.

The NCIL-funded Oaklands Road pedestrianisation is completed and we are now working with Brent to install lighting to the area now as the trees are beginning to mature. The area is ready for events, and we are looking at activities that can enhance the area. All ideas are welcome.

The Cricklewood Station partnership with GTR developed the beautiful 9 metre mural installed in the waiting area on Platform 1. Now travellers can use the QR codes on the artwork and get more detail of the history of Cricklewood since the arrival of the railways in the 1860s.

The widening at the road junction of Cricklewood Lane/The Broadway was undertaken during the past 18 months and now that it is completed the benefit is appreciated. However, there is still the issue of a safe crossing for pedestrians and the hideous red scaffolding which has been erected to safeguard the building on the Broadway. The Town Team are in discussions with Barnet Council to find a more satisfactory outcome with environmental benefits to mitigate against the very polluted roads; a pocket park is worth consideration.

We are still searching for community space in Cricklewood which can be used for local involvement in environmental and wellbeing issues. www.cricklewood.net

During the year the Cricklewood Community Library opened; it is good to see the provision of many activities enjoyed by their members and the community. www.cricklewoodlibrary.org.uk

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Our Yard at Clitterhouse Farm’s beautiful garden provides a range of creative activities in their beautiful accommodation. Their Café is open and the Saturday Grub Club provides lunch.www.ouryard.org

For updates on the important and necessary work undertaken by Community Action on Dementia-Brent see:www.cad-brent.org.uk

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. Have a look at http://www.ashfordplace.org.uk for more information on what we do.

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, changing demographics and cultures e.g. an increase in clients from the Middle East, which brings with it challenges around language and accessibility. All these combine to put pressure on Ashford Place to continue responding as best we can particularly as our resources have not increased.

However, as highlighted in our strategic plan (https://www.ashfordplace.org.uk/about-us/ourapproach website page), our approach is to help clients to take a lead role in overcoming barriers to a positive lifestyle with the pro-active participation of their peers and the local community. We excel at this – almost 90% of the people we support achieve and sustain a significant positive change in their circumstances. A key change over the last year, is our outreach across Brent with the development of pop up services in for example, libraries, faith communities and council locations.

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 continuing 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.

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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Auditor

HW Fisher LLP were appointed auditors in the year however a resolution has been proposed by the trustees to put the audit out to tender.

Signed on behalf of the trustees

W. Pearse

William Pearse Treasurer

12 Dec 2022 Date………………………..

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ASHFORD PLACE

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF ASHFORD PLACE

Opinion

We have audited the financial statements of Ashford Place (the ‘charity’) for the year ended 31 March 2022 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 MEMBERS 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 MEMBERS 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 auditor's 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.

Carol Rudge (Senior Statutory Auditor) Carol Rudge

for and on behalf of HW Fisher LLP

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

12 Dec 2022 .........................

ASHFORD PLACE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Current fnancial year
Unrestricted
Unrestricted
funds
funds
general
designated
2022
2022
Notes
£
£
Income and endowments from:
Donatons and gifs
3
27,494
-
Charitable actvites
4
134,320
-
Investments
5
165
-
Other income
7
16,105
-
Total income
178,084
-
Expenditure on:
Charitable actvites
8
34,066
48,000
Net incoming resources before transfers
144,018
(48,000)
Gross transfers between funds
12
2,420
(2,420)
Net income for the year/
Net movement in funds
146,438
(50,420)
Fund balances at 1 April 2021
400,776
2,342,229
Fund balances at 31 March 2022
547,214
2,291,809		 Restricted
funds
2022
£
51,815
803,511
-
-
855,326
851,136
4,190
-
4,190
753,007
757,197		 Total
2022
£
79,309
937,831
165
16,105
1,033,410
933,202
100,208
-
100,208
3,496,012
3,596,220		 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

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 2022

Prior financial 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

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 2022

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		 2022
£
89,622
1,405,928
1,495,550
(172,179)
2,291,809
2,291,809
547,214		 £
2,272,849
1,323,371
3,596,220
757,197
2,839,023
3,596,220		 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

12 Dec 2022

The financial statements were approved by the Trustees on .........................

W. Pearse

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

W Pearse

Treasurer

Company Registration No. 04407339

ASHFORD PLACE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

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		 2022
£
(4,377)
165		 £
108,756
(4,212)
-
104,544
1,301,384
1,405,928		 2021
£
(72,096)
572		 £
637,383
(71,524)
-
565,859
735,525
1,301,384

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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.

1.2 Going concern

The charity’s income has reduced as a result of the termination of our housing services and a reduction of income from contributions to our food service. We are working to secure funding by submitting numerous bids relating to help available to cover the impact of Covid-19 in terms of loss of income and growth in demand for our services. We can make use of built up unrestricted reserves to cover any shortfall that arises.

At the time of approving the financial statements, the trustees have a reasonable expectation, based on the level of our reserves and cash held at bank, 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.

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 performance 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

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

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 Fixtures, fittings & equipment 20% - 33% Straight Line (mezzanine 4 years 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.

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.

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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. 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.

There are no critical accounting estimates or judgements during the year.

3 Donations and gifts

Unrestricted
funds
general
2022
£
Donatons and gifs
27,494
Charitable actvites		 Restricted
funds
2022
£
51,815		 Total
Unrestricted
funds
general
2022
2021
£
£
79,309
24,786		 Restricted
funds
2021
£
30,137
2022
£
937,831
134,320
803,511
937,831		 Total
2021
£
54,923
2021
£
1,571,287
Services to homeless and socially isolated people
Analysis by fund
Unrestricted funds - general
Restricted funds
225,476
1,345,811
1,571,287

4 Charitable activities

Government grant income

Included in income from charitable activities is government grant income received from the Embassy of Ireland (Department of Foreign Affairs and Trade) - Emigrant Support Programme £168,000 (£198,479) for which specific services are provided. A sum of £42,000 was carried forward as deferred income (2021: £40,800).

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Investments

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Interest receivable 165 572

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 2022, Ashford Place received grants of £168,000 (2021: £198,479) from the Department of Foreign Affairs and Trade, Emigrant Support Programme. The grant awarded covers the period to 30 June 2022 and was for the following:

following:
Assertve Community Irish Elders £28,000 (2021: £28,000)
Dementa £8,000 (2021: £8,000)
Director £51,000 (2021: £51,000)
Elders Lunch and Social Actvites £13,000 (2021: £10,200)
Irish Befriending + Project £16,000 (2021: £14,000)
Irish Elders Homeless Project £25,000 (2021: £25,000)
Link Worker £27,000 (2021: £27,000)
Covid Response Fund £Nil (2021: £28,679)
Christmas 2019 Covid Fund £Nil (2021: £6,600)

The grants awarded in the year ended 31 March 2022 have been partially spent in the year to 31 March 2022 and the balance of £42,000 has been spent in the current financial year by 30 June 2022. This balance was carried forward in restricted funds as at 31 March 2022.

7 Other income

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
CJRS government grant 16,105 68,439

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Staf costs Services to
homeless and
socially isolated
people
Services to
homeless and
socially isolated
people
2022
2021
£
£
555,114
710,107
82,720
140,519
16,106
27,928
2,558
2,913
656,498
881,467
259,624
301,942
17,080
11,417
933,202
1,194,826
34,066
299,928
48,000
48,000
851,136
846,898
933,202
1,194,826
2022
Support costs
Governance
costs
2021
£
£
£
£
78,310
67,200
-
67,200
18,413
14,422
-
14,422
29,477
37,367
-
37,367
10,317
10,878
-
10,878
109,902
150,404
-
150,404
542
2,686
-
2,686
12,663
18,610
-
18,610
-
375
-
375
15,554
-
10,937
10,937
1,526
-
480
480
276,704
301,942
11,417
313,359		 Services to
homeless and
socially isolated
people
Services to
homeless and
socially isolated
people
2022
2021
£
£
555,114
710,107
82,720
140,519
16,106
27,928
2,558
2,913
656,498
881,467
259,624
301,942
17,080
11,417
933,202
1,194,826
34,066
299,928
48,000
48,000
851,136
846,898
933,202
1,194,826
2022
Support costs
Governance
costs
2021
£
£
£
£
78,310
67,200
-
67,200
18,413
14,422
-
14,422
29,477
37,367
-
37,367
10,317
10,878
-
10,878
109,902
150,404
-
150,404
542
2,686
-
2,686
12,663
18,610
-
18,610
-
375
-
375
15,554
-
10,937
10,937
1,526
-
480
480
276,704
301,942
11,417
313,359		 Services to
homeless and
socially isolated
people
Services to
homeless and
socially isolated
people
2022
2021
£
£
555,114
710,107
82,720
140,519
16,106
27,928
2,558
2,913
656,498
881,467
259,624
301,942
17,080
11,417
933,202
1,194,826
34,066
299,928
48,000
48,000
851,136
846,898
933,202
1,194,826
2022
Support costs
Governance
costs
2021
£
£
£
£
78,310
67,200
-
67,200
18,413
14,422
-
14,422
29,477
37,367
-
37,367
10,317
10,878
-
10,878
109,902
150,404
-
150,404
542
2,686
-
2,686
12,663
18,610
-
18,610
-
375
-
375
15,554
-
10,937
10,937
1,526
-
480
480
276,704
301,942
11,417
313,359
2022
£
555,114
82,720
16,106
2,558
656,498
259,624
17,080
933,202
34,066
48,000
851,136
933,202
Governance
costs
£
-
-
-
-
-
-
-
-
10,937
480
11,417		 2021
£
710,107
140,519
27,928
2,913
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 costs
Support costs
Governance
costs
£
£
Depreciaton
78,310
-
Communicatons
18,413
-
Equipment maintenance
29,477
-
Insurance
10,317
-
Premises costs
109,902
-
Postage and statonery
542
-
Professional fees
12,663
-
Bad and doubtul debts
-
-
Audit fees
-
15,554
Insurance and other costs
-
1,526
259,624
17,080
881,467
301,942
11,417
1,194,826
299,928
48,000
846,898
1,194,826
2021
£
67,200
14,422
37,367
10,878
150,404
2,686
18,610
375
10,937
480
313,359

9 Support costs

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Trustees

During the year there were no payments to trustees (2021: two payments totalling £8,000 were made for consultancy services to Lynn Hodges, a trustee in accordance with the governing document).

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		 2022
Number
2
3
15
20
2022
£
506,346
38,433
10,335
555,114		 2021
Number
7
3
12
22
2021
£
649,374
48,982
11,751
710,107

No employees earned over £60,000 during the year.

The senior management team received total remuneration of £123,345 (2021: £154,028).

During the year, termination payments totalling £nil (2021: £16,140) are included in staff costs above.

12 Transfers

A transfer is made to designated funds to adjust the property fund value to the net book value and the sinking fund to the percentage set out in the note.

In the prior year, transfers between restricted and unrestricted funds represented 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 financial year ended 2021 and the costs capitalised. The restriction having been met, the expended balance was transferred to unrestricted funds.

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13
Tangible fxed assets
Cost
At 1 April 2021
Additons
At 31 March 2022
Depreciaton and impairment
At 1 April 2021
Depreciaton charged in the year
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxaton and social security
Trade creditors
Other creditors
Accruals and deferred income		 Freehold
Buildings
Fixtures, ftngs
& equipment
£
£
2,775,734
559,720
-
4,377
2,775,734
564,097
545,058
443,614
48,000
30,310
593,058
473,924
2,182,676
90,173
2,230,676
116,106
2022
£
78,075
11,547
89,622
2022
£
-
11,199
22,019
138,961
172,179		 Total
£
3,335,454
4,377
3,339,831
988,672
78,310
1,066,982
2,272,849
2,346,782
2021
£
29,980
8,057
38,037
2021
£
24,138
61,023
22,351
82,679
190,191

Balance at 31 March 2022 £ 42,000 - 21,427 90,816 227,587 6,178 68,873 - - 21,881 5,549 8,038 - - 492,349
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 2020
resources
expended
1 April 2021
resources
expended		 £
£
£
£
£
£
£		 Department of Foreign Afairs and Trade; Emigrant Support Programme
40,800
198,479
(196,829)
-
42,450
168,000
(168,450)		 The Archer Trust
-
4,000
(4,000)
-
-
-
-		 Big Lotery Fund - Independent Lifestyles HTC
43,202
120,995
(91,806)
-
72,391
35,527
(86,491)		 Big Lotery - Dementa Voices
-
78,913
-
-
78,913
11,903		 Big Lotery Community Fund
65,000
154,280
-
-
219,280
149,667
(141,360)		 Natonal Lotery Carers Grp
-
-
-
-
8,025
(1,847)		 Brent CCG
19,286
109,000
(48,320)
-
79,966
60,000
(71,093)		 Garfeld Weston
-
25,000
(25,000)
-
-
-
-		 Kingsbury Charity
-
40,000
(40,000)
-
-
-
-		 Zurich Community Trust
-
20,000
(20,000)
-
-
26,332
(4,451)		 Sisters of Mercy
-
5,000
(5,000)
-
-
10,000
(4,451)		 Wolfson Foundaton
-
-
-
-
-
31,000
(22,962)		 WNST
-
4,140
(4,140)
-
-
-
-		 Laing Family trust
-
5,040
(5,040)
-
-
-
-		 Carried forward
168,288
764,847
(440,135)
-
493,000
500,454
(501,105)
16
(Contnued) Balance at 31 March 2022 £ 492,349 - 83,039 18,895 38,563 - 30,349 - - - 2,500 - - 4,500 - 1,398 16,100 5,800 9,925 7,170 710,588
Transfers £ - - - - - - - - - - - - - - - - - - - - -
Resources expended £ (501,105) (58,510) (43,961) (8,105) (49,437) - (28,402) (13,357) - (13,357) (15,000) - - (13,000) - (3,513) (1,750) (18,200) (7,075) (950) (775,722)
Incoming resources £ 500,454 - - 27,000 88,000 - 34,000 - - - 17,500 - - 12,500 - 4,911 17,850 24,000 12,000 8,120 746,335
Balance at 1 April 2021 £ 493,000 58,510 127,000 - - - 24,751 13,357 - 13,357 - - - 5,000 - - - - 5,000 - 739,975
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) - (844,437)
Incoming resources £ 764,847 76,661 127,000 - - 15,000 33,900 66,830 12,432 60,800 31,420 12,500 74,898 5,000 14,167 - 40,000 - 25,000 - 1,360,455
Balance at 1 April 2020 £ 168,288 41,788 - - - - 16,585 - 37,296 - - - - - - - - - - - 263,957
Restricted funds Brought forward Hesta- Employment services Central & North West Foundaton North West London CCG SMI Keep Well North West London CCG PHSMI 1 & 2 The Draper charitable fund City Bridge Trust Crisis Greater London Authority Homeless Link HCIP Mercer's Charitable Trust CAF Martn Lewis Power to Change CCLORS Centre for the Cast City of London London Borough Brent Heritage Wellbeing Fund Brent Neighbourhood NCIL digitalisaton Project London Borough of Brent NCIL Wellbeing Place Grant London Borough of Brent Hospitality Grant London Borough of Brent Eco Project Grant Carried forward
16

(Contnued) Balance at 31 March 2022 £ 710,588 22,500 - 5,899 4,991 - - - - - - - - - 13,219 757,197
Transfers £ - - - - - - - - - - - - - - - -
Resources expended £ (775,722) - (2,500) (18,916) - (18,818) (17,885) (2,600) (5,000) (3,255) (1,632) (1,039) (700) (770) (2,299) (851,136)
Incoming resources £ 746,335 22,500 2,500 24,815 4,991 18,818 17,885 2,600 5,000 3,255 1,632 1,039 700 770 2,486 855,326
Balance at 1 April 2021 £ 739,975 - - - - - - - - - - - - - - 13,032 753,007
Transfers £ (40,000) - - - - - - - - - - - - - - (40,000)
Resources expended £ (844,437) - - - - - - - - - - - - - (2,461) (846,898)
Incoming resources £ 1,360,455 - - - - - - - - - - - - - 15,493 1,375,948
Balance at 1 April 2020 £ 263,957 - - - - - - - - - - - - - - 263,957
Restricted funds Brought forward London Borough of Brent Physical Actvity with Silver Jubilee London borough Brent MH & Dementa Welbeing London Borough of Brent Mental Health Website Edward Harvist CADBrent Brent Advice Fund - CVS Donatons Much Loved Janet Owen Fund (Tim Young) LDC Funeral Directors Just Giving CAF MAPRA Willesden Consolidated Charites Other – donatons
16

Restricted funds
(Contnued)		 Emigrant Support Programme: The restricted funds of £42,000 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 – Department of Foreign Afairs Ireland. The grant was for £168,000 of which £126,000 was for the year ending 31 March 2022, and £42,000 is carried forward to the year ending 31 March 2023. The grants were restricted to actvites of Elders Advocacy and Advice Services, Elders Lunch Club and Social Actvites, and organisatonal costs towards all Irish the year ending 31 March 2023. 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. The Big Lotery funds Independent Lifestyles, a project that supports those in a period of crisis to prevent it escalatng into homelessness and desttuton. The project ended in June 2021 and the balance of funds were agreed with the funder to spend in the following period. Big Lotery Commuity Fund, Natonal Lotery Carers income and expenditure relate to Dementa Peer Support work, Dementa Hubs work, work with dementa carers and all dementa related projects. Brent CCG provided income £60,000 towards Dementa Peer Support worker Brent CCG provided income £60,000 towards Dementa Peer Support worker City Bridge Trust funded a worker to roll out, capacity build and support Dementa Hubs in Brent Zurich Community Trust income relates to the work of our in-house Dementa Café Sisters of Mercy income rlates to work of dementa café and work with single people over 65 yrs at risk of homelessness 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. Project is completed. Brent NCIL, Edward Harvist and Wolfson Foundaton provided funding towards the constructon of a new Wellbeing Space 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 2022

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 2020
£
Property fund
2,231,060
Property
maintenance
sinking fund
111,553
2,342,613		 Resources
expended
£
(48,000)
-
(48,000)		 Transfers
Balance at
1 April 2021
£
£
47,616
2,230,676
-
111,553
47,616
2,342,229		 Resources
expended
£
(48,000)
-
(48,000)		 Transfers
Balance at
31 March 2022
£
£
-
2,182,676
(2,420)
109,133
(2,420)
2,291,809		 Transfers
Balance at
31 March 2022
£
£
-
2,182,676
(2,420)
109,133
(2,420)
2,291,809
2,291,809

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 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
Total 2022 £ 2,272,849 1,323,371 3,596,220
Restricted funds 2022 £ - 757,197 757,197
Designated funds 2022 £ 2,182,676 109,133 2,291,809
Unrestricted funds 2022 £ 90,173 457,041 547,214
Fund balances at 31 March 2022 are represented by: Tangible assets Current assets/(liabilites)

ASHFORD PLACE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

19 Related party transactions

A sum of £1,500 was paid to Dominque Murphy de Neef for filming Shared Memories of Immigration film footage. Dominique is the daughter of the Chair of Trustees,

There were no other disclosable related party transactions during the year (2021 - 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 2022 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:
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Cash generated from operatons		 2022
£
100,208
(165)
78,310
(51,585)
(18,012)
108,756		 2021
£
500,395
(572)
67,200
56,700
13,660
637,383

22 Analysis of changes in net funds

The charity had no debt during the year.

Issuer

Issuer HW Fisher Document generated Mon, 12th Dec 2022 9:14:33 UTC Document fingerprint 76ff3644919a7a9913d7a3f72ec2320b

Parties involved with this document

Document processed Party + Fingerprint Mon, 12th Dec 2022 9:41:35 UTC William Pearce - Signer (7085e7093aee2e58c8f5a8358cd74969) Mon, 12th Dec 2022 15:42:46 UTC Carol Rudge - Signer (37f40f39d101f8ad10cc90b8af0159fd) Audit history log Date Action Mon, 12th Dec 2022 15:42:48 UTC Carol Rudge viewed the envelope. (89.150.28.98) Mon, 12th Dec 2022 15:42:46 UTC The envelope has been signed by all parties. (89.150.28.98) Mon, 12th Dec 2022 15:42:46 UTC Carol Rudge signed the envelope. (89.150.28.98) Mon, 12th Dec 2022 15:42:27 UTC Carol Rudge viewed the envelope. (89.150.28.98) Mon, 12th Dec 2022 12:54:24 UTC Carol Rudge opened the document email. (217.207.100.70) Mon, 12th Dec 2022 12:53:42 UTC Carol Rudge opened the document email. (217.207.100.70) Mon, 12th Dec 2022 12:52:38 UTC Carol Rudge viewed the envelope. (217.207.100.70) Mon, 12th Dec 2022 9:41:37 UTC William Pearce viewed the envelope. (35.177.151.131) Mon, 12th Dec 2022 9:41:36 UTC Document emailed to crudge@hwfisher.co.uk (35.178.201.18) Mon, 12th Dec 2022 9:41:35 UTC Sent the envelope to Carol Rudge (crudge@hwfisher.co.uk) for signing. (35.177.151.131) Mon, 12th Dec 2022 9:41:35 UTC William Pearce signed the envelope. (35.177.151.131) Mon, 12th Dec 2022 9:31:32 UTC William Pearce viewed the envelope. (35.177.151.131) Mon, 12th Dec 2022 9:28:44 UTC William Pearce opened the document email. (2.218.82.55) Mon, 12th Dec 2022 9:26:04 UTC Document emailed to william.pearse@blickrothenberg.com (18.134.138.216) Mon, 12th Dec 2022 9:26:04 UTC Sent the envelope to William Pearce (william.pearse@blickrothenberg.com) for signing. (217.207.100.70) Mon, 12th Dec 2022 9:18:08 UTC Carol Rudge has been assigned to this envelope (217.207.100.70) Mon, 12th Dec 2022 9:18:08 UTC William Pearce has been assigned to this envelope (217.207.100.70) Mon, 12th Dec 2022 9:16:47 UTC Document generated with fingerprint 34c74890a63729c865f94669f08919bd (217.207.100.70)

Mon, 12th Dec 2022 9:16:37 UTC

Document generated with fingerprint 76ff3644919a7a9913d7a3f72ec2320b

(217.207.100.70) Mon, 12th Dec 2022 9:14:33 UTC Envelope generated by Linda Treadwell (217.207.100.70)