CoSOMBRF! 04899324 (England and Wales)
The Shadwell Community Project
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
The Shadwell Community Project Contents Page For the year ended 31 March 2022
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Report of the Trustees 1to4
Indspendent Examiners Report to the Trustees 5
Statement of Financial Activities 6
Statement of Financial Position 7
Notes to the Financial Statements 8 to 18
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The Shadwell Community Project Report of the Trustees For the year ended 31 March 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102} (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objactives and aims
The Shadwell Community Project exists to serve the children and young people of the East End through Glamis Adventure Playground. We operat a permanent building with a green roof and a hobbit hole front door, equipped with a kitchen and cafe area, where children can learn about h eating. Concrete, high-rise housing and heavy traffic dominates our neighbourhood. The playground and its neighbouring allotments are viewed oasis from this noise and density of buildings. This has been a positive year for the playground. Despite the pandemic posing challenges at the s the year, we remained open and partnered up with food providers to give vulnerable families support in feeding their families with healthy nutritiou parcels and meals made on site. We are proud to say that we were the only playground in the area that remained open during most of the pandem continue to diversify both our funding avenues and activity provision as well as building collaborative relationships with local schools, children’s c and housing associations in order to provide wider referrals, services and advice to families. This year there has been a change in our participant: being mainly older children over 8 years to many more young children under 8 years who are accompanied by their parents. We have made a repairs and refurbished much of the site during quiet times which has made a huge difference to the safety and quality of the playground. W grateful to the amazing staff team that enables young people ta have fun. explore and learn in a safe environment on the playground, und leadership of Candace Lewis, who joined us at the beginning of 2019. We are also grateful for the work of our fundraiser, Natalie Bell, who we w thank for her work identifying future sources of funding and building relationships with potential backers. The project continues to be a happy plac we are moving forward to build an even better future for young people in this corner of London.
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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2022
Statement on public benefit
In planning to meet the objectives we are satisfied that the activities fulfil the public banefit requirament referred to in the Charity Commission's g: guidance. As well as benefit to the individuals concerned there is a broader gain for the public. Every year hundreds of disadvantaged childre young people from Shadwell and surrounding areas of Tower Hamlets benefit as a result of the Shadwell Community Project's work. Tower Hamle the highest level of child poverty in the UK with 57% of local children growing up in poverty. Children and young people benefit from: - improved and wellbeing for local childran who benefit from being outdoors and active and from the children’s cafe; - development of skills and learning tr participation in projects like cooking, gardening, construction, using tools, project planning; - development of creativity, problem solving skill resilience, through arts, self-directed play and opportunities to experience risk and challenge; - increased cultural awareness as a result of br children from different backgrounds together to play; - increased opportunities for children from low income families to participate and develop a range of interests, skills, experiences and aspirations. Local families benefit from: - free, after school and holiday activities that enable parents to study and have respite care, especially parents from low income families. Local residents benefit from: - greater community cohesion, as a re volunteering projects that bring people from different backgrounds and generations together to improve the adventure playground
FINANCIAL REVIEW
Total income for the year was £138,956 (2021:£111,647). Income from restricted grants was £136,799 (2021:£77,117). Unrestricted income for th: was £2,157 (2021:£34,531). Total expenditure for the year was £127,415 (2021:£116,227).
Reserves
We have carefully considered the Charity’s needs to hold reserves for dealing with unforeseen circumstances and, to the extent that further funds fF for investment in future activities. Hence, in light of increased uncertainty over most sources of income available to us, we have decided that a level for the General Reserve should be the equivalent of between 3 and 6 months of total annual expenditure.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Governing document
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum and Articles of Association on 24 January 2003, updated September 2010.
The objects of the company are:
a. To act as a resource for young people up to the age of 18 living in Shadwell and its environs by providing advice and assistance and organising programmes of physical, educational and other activities, including the provision of an adventure playground, as a means of advancing education;
b. In the interest of social welfare, to promote and provide facilities and activities for children and young people and their communities so that their conditions of life may be improved and their physical, mental and spiritual well-being is promoted. The directors of the company (who also act as trustees) are as listed on page 3 and they all held office during the period under review. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association. The directors are subscribers to the Memorandum of Association and as such are limited to a guarantee of a nominal £1 in the event of a winding up of the company. The directors meet together as a Management Committee on a monthly basis with the Senior Playworker to review current issues, and to discuss future developments. The Management Committee comprises primarily residents from the local area and is assisted by support from the Play Association of Tower Hamlets. Tha Shadwell Community Project has carried out a risk assessment in relation to funding and resulting potential risks to our funding base and those ansing from both known and potential liabilities. The overall strategy is to continue to diversify funding sources, develop long-tenn relationships with key funders and strategic partners, and continue to build a reasonable level of operating reserves. Through the systematic review of these risks, the Trustees aim to mitigate the major risks to which the Charity is exposed. Internal Controls The Trustees have prepared a Financial Control Policy to document procedures in place to ensure all staff and trustees in the Charity, especially those involved in the accountancy operation, correctly adhere to such controls. This should ensure that an audit trail can be followed and that allocation of costs have been properly ascertained and properly recorded.
Recruitment and appointment of trustees
Each new trustee receives an induction to The Shadwell Community Project. In particular this explains: -our aims and objectives -responsibili being a trustee -how the Project runs on a day to day basis -and a review of our policies and procedures The Shadwell Community Project works c with Play Association Tower Hamlets and Tower Hamlets CVS who provide or assist in finding suitable training for trustees and staff as and required.
REFERENCE AND ADMINISTRATIVE INFORMATION
| Name of Charity | The Shadwell Community Project |
|---|---|
| Charity registration number | 1100271 |
| Company registration number | 04647229 |
| Principal address | 10 Glamis Road |
| Glamis Adventure Playground | |
| London | |
| E1W3EG |
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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2022
Trustees
The trustees and officers serving during the year and since the year end were as follows:
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|---|---|---|---|---|---|---|
|Mr|Jonathan|Moules|
|Mr|Philip|Gregory|Cooney|(Resigned|on|29/11/2021)|
|(Resigned:|29|November|2021)|
|Ms|Hannah|Rebecca|Elizabeth|Rowe|
|Ms|Suzannah|Jane|Carey|Walker|
|Ms|Jurate|Brazaityte|
|Ms|Hasina|Mumin|(Resigned|on|01/07/2021)|
|(Resigned:|01|July|2021}|
|Mr|Peter|Perren|
|Ms|Isabella|Helen|Gaster|
|Mr|Alex|MacDonald|
|(Appointed:|16|August|2022}|
|Secretary|Mr|Peter James|Perren|
|Independent|examiner|Andrew|M|Wells|FMAAT|
|Counterculture|Partnership|LLP|
|Unit|115|Ducie|House|
|Ducle|Street|
|Manchester|
|M1|2JW|
|Approved|by.|the. Baard.of.Irustess.and.signad.on|its|behalf by|
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20 October 2022
Mr Jonathan Moules
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The Shadwell Community Project Independent Examiners Report to the Trustees For the year ended 31 March 2022
| report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordanc the requirements of the Companies Act 2006 (‘the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be a under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts carri: under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the C Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew M Wells FMAAT
Counterculture Partnership LLP
Unit 115 Ducie House
Ducie Street Manchester
M1 2JW
02 November 2022
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The Shadwell Community Project Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
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|||||||||
|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|2022|202:|
|funds|funds|
|£|£|£|{|
|Income|and|endowments|from:|
|Donations|and|legacies|2|2,155|136,799|138,954|110,64|
|Charitable|activities|3|-|-|-|1,001|
|Investments|4|2|-|2|.|
|Total|2,157|136,799|138,956|111,64|
|Expenditure|on:|
|Charitable|activities|5/6|(10,388)|(117,027)|(127,415)|(116,227|
|Total|(10,388)|(117,027)|(127,415)|(116,227|
|Net income/expenditure|(8,231)|19,772|11,541|(4,580|
|Reconclliation|of|funds|
|Total|funds|brought|forward|41,094|165,769|206,863|211,44|
|Total funds|carried|forward|32,863|185,541|218,404|206,86:|
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| Registered Number | : | 04647229 | ||
|---|---|---|---|---|
| The Shadwell Community Project | ||||
| Statement of Financial Position | ||||
| As at 31 March 2022 | ||||
| Notes | 2022 | 202: | ||
| £ | ||||
| Fixed assets | ||||
| Tangible assets | 12 | 173,225 | 177,33" | |
| 173,225 | 177,33 | |||
| Current assets | ||||
| Debtors | 13 | 250 | ||
| Cash at bank and in hand | 46,369 | 32,52: | ||
| 46,619 | 32,52: | |||
| Creditors: amounts falling due within one year | 14 | (1,440) | {2,996 | |
| Net current assets | 45,179 | 29,521 | ||
| Total assets less current liabilities | 218,404 | 206,86: | ||
| Net assets | 218,404 | 206,86: | ||
| The funds ofthe charity | ||||
| Restricted income funds | 15 | 185,541 | 165,76! | |
| Unrestricted income funds | 15 | 32,863 | 41,09. | |
| Totalfunds | 218,404 | 206,86: |
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of tha Companies Act 2006 relating to companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the prepara accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Jonathan Moules
20 October 2022
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The Shadwell Community Project Notes to the Financial Statements For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}, and the Companies Act 2006. The Shadwell Community Project meets the definition ofa public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy note(s).
Going concem
The financial statements are prepared, on a going concern basis, under the historical cost convention.
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charitable company is small.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
Tanglble fixed assets
Tangible fixed assets are stated at cost less depreciation and after deduction of grants received for capital expenditure. Depreciation is provided at rates calculated to write off the cost of the fixed asset, less grants received and their estimated residual value, over their expected useful lives on the following base: Permanent Log Cabin - 2% straight linePortacabin - 20% straight lineFumiture and Fixtures - 33% straight line
Irrecoverable VAT
Imracoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates.
2. Income from donations and legacles
| Unrestricted | Restricted | 2022 | 202: | |
|---|---|---|---|---|
| funds | funds | |||
| £ | £ | £ | { | |
| Donations received | 2,155 | - | 2,155 | 7,63" |
| Grants received | - | 136,799 | 136,799 | 103,00: |
| 2,155 | 136,799 | 138,954 | 110,641 | |
| Analysis ofgrants received | ||||
| 2022 | 202: | |||
| £ | j | |||
| Bemard Sunley Grant | 4,000 | |||
| Children in Need | 9,907 | |||
| City ofLondon | 4,390 | |||
| DCMS | 5,378 | |||
| East End Community Foundation | - | TTT. | ||
| Furlough Grants | 13,738 | 15,88" | ||
| Leathersellers | 1,000 | |||
| London Borough ofTower Hamlets | 15,415 | 25,54: | ||
| National Lottery | 65,282 | 15,03 | ||
| NPH London Play | - | 17,12 | ||
| PATH | - | 16,631 | ||
| PWC | 3,038 | |||
| Thames Water | - | 5,001 | ||
| The Foyle Foundation | 5,000 | |||
| Tower Hill Trust | 4,850 | |||
| Wakefield & Tetley | 4,801 | |||
| 136,799 | 103,00: |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
3. Income from charitable activities
| 2022 | 202: | |||
|---|---|---|---|---|
| £ | 4 | |||
| Provision ofadventure | ||||
| playground | ||||
| Income from charitable | - | 1,00) | ||
| activities | ||||
| 4, Investment income | ||||
| 2022 | 202: | |||
| £ | 4 | |||
| Unrestricted funds | ||||
| Bank interest receivable | 2 | . | ||
| 2 | : | |||
| 5. Costs of charitable activities by fund type | ||||
| Unrestricted | Restricted | 2022 | 202: | |
| funds | funds | |||
| £ | £ | £ | 4 | |
| Provision ofadventure | 6,606 | 106,054 | 112,660 | 98,76 |
| playground | ||||
| Support costs | 3,782 | 10,973 | 14,755 | 17,461 |
| 10,388 | 117,027 | 127,415 | 116,22 | |
| 6. Costs of charitable activities by activity type | ||||
| Activitles | Support | 2022 | 202: | |
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | { | |
| Support costs | ||||
| Provision of adventure | 112,660 | 14,755 | 127,415 | 116,22" |
| playground |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
7. Analysis of support costs
| 2022 | 2021 | ||
|---|---|---|---|
| £ | 4 | ||
| Provislon ofadventure playground | |||
| Management | 12,826 | 14,971 | |
| IT | 436 | 1,051 | |
| Governance costs | 1,493 | 1,444 | |
| 14,755 | 17,461 | ||
| 8. Net income/{expenditure) for the year | |||
| This is stated after charging/(crediting): | |||
| 2022 | 202: | ||
| £ | 4 | ||
| Depreciation ofowned fixed assets | 4,112 | 4,11: | |
| Accountancy fees | 1,493 | 1,441 | |
| Staffpension contributions | 2,137 | 1,69! | |
| 9. Staff costs and emoluments | |||
| Total staffcosts for the year ended 31 March 2022 were: | |||
| 2022 | 202: | ||
| £ | 4 | ||
| Salaries and wages | 76,303 | 65,62! | |
| Pension costs | 2,137 | 1,69! | |
| 78,440 | 67,32: |
No employee received a salary of more than £60,000 per annum in the period (2021: nil).
Employees
| 2022 | 202: |
|---|---|
| 13 | 1 |
| 13 | 11 |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
10. Trustee remuneration and related party transactions
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021 :£nil). No charity trustee received payment for professional or other services supplied to the charity (2021:£nil). The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2021 :£nil). Trustees’ expenses represents the payment or relmbursement of travel and subslstence costs totalling Enil (2021:£Enll). There are no related party transactions to disclose for 2022 (2021:none).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
11. Comparative for the Statement of Financial Activities
| Unrestricted | Restricted | 202: | |
|---|---|---|---|
| funds | funds | ||
| £ | £ | { | |
| Income and endowments from: | |||
| Donations and legacies | 33,524 | 77,116 | 110,64 |
| Charitable activities | 1,000 | - | 1,00 |
| Investments | 7 | - | : |
| Total | 34,531 | 77,116 | 111,64 |
| Expenditure on: | |||
| Charitable activities | (26,184) | (90,043) | (116,227 |
| Total | (26,184) | {90,043} | {116,227 |
| Transfers between funds | 1,142 | (1,142) | |
| Netmovement In funds | 9,489 | (14,069) | (4,580 |
| Reconciliation offunds | |||
| Total funds brought forward | 31,605 | 179,838 | 211,44: |
| Totalfundscarriedforward | 41,094 | 165,769 | 206,86: |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
| 12. Tanglble fixed assets | ||
|---|---|---|
| Plant an | ||
| Cost orvaluation | Machiner | |
| 4 | ||
| At 01 April 2021 | 205,61- | |
| At 31 March 2022 | 205,61: | |
| Depreciation | ||
| At 01 April 2021 | 28,27 | |
| Charge for year | AAA: | |
| At 31 March 2022 | 32,38! | |
| Net book values | ||
| At 31 March 2022 | 173,22! | |
| At 31 March 2021 | 177,33 | |
| 13. Debtors | ||
| 2022 | 202: | |
| £ | 4 | |
| Amounts due after more than oneyear: | ||
| Trade debtors | 250 | |
| 250 | ||
| 14. Creditors: amounts falling dus within one year | ||
| 2022 | 202: | |
| £ | 4 | |
| Trade creditors | - | 39 |
| Accruals and deferred income | 1,440 | 2,60: |
| 1,440 | 2,99 |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
15. Movement in funds
| Unrestricted Funds | |||||
|---|---|---|---|---|---|
| Balance at | Incoming | Outgolng | Transfers | Balance a | |
| 01/04/2021 | resources | resources | 31/03/202: | ||
| £ | £ | £ | £ | j | |
| General | |||||
| General Fund | 41,094 | 2,157 | (10,388) | - | 32,86: |
| 41,094 | 2,157 | (10,388) | - | 32,86: | |
| Unrestricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance a | |
| 01/04/2020 | resources | resources | 31/03/202° | ||
| £ | £ | £ | £ | { | |
| General | |||||
| General Fund | 31,605 | 34,531 | (26,184) | 1,142 | 41,09 |
| 31,605 | 34,531 | (26,184) | 1,142 | 41,09. |
Purpose of unrestricted Funds
General Fund
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
Restricted Funds
| Balance at | Incoming | Outgolng | Transfers | Balance a | |
|---|---|---|---|---|---|
| 01/04/2021 | resources | resources | 31/03/202: | ||
| £ | £ | £ | £ | { | |
| Bemard Sunley | - | 4,000 | - | - | 4,001 |
| Foundation | |||||
| Building Fund | 161,021 | - | (4,112) | - | 156,90! |
| Children in Need | - | 9,907 | (9,081) | - | 821 |
| City ofLondon | - | 4,390 | (3,659) | - | 73) |
| DCMS | - | 5,378 | (5,378) | - | |
| EastEnd Community | 2,508 | - | - | (2,508) | |
| Foundation | |||||
| London Borough of | - | 15,415 | (15,415) | - | |
| Tower Hamlets | |||||
| National Lottery | 1,440 | 65,282 | (43,647) | - | 23,07: |
| Playwork and Staffing | - | 17,776 | (20,284) | 2,508 | |
| Thames Water | 800 | - | (800) | - | |
| The Foyle Foundation | - | 5,000 | (5,000) | - | |
| Tower Hill Trust | - | 4,850 | (4,850) | - | |
| Wakefield & Telley | - | 4,801 | (4,801) | - | |
| 165,769 | 136,799 | {117,027) | . | 185,54: | |
| Restricted Funds - Previous year | |||||
| Balance at | Incoming | Outgolng | Transfers | Balance a | |
| 01/04/2020 | resources | resources | 31/03/202° | ||
| £ | £ | £ | £ | { | |
| Bullding Fund | 165,133 | - | (4,112) | - | 161,02: |
| East End Community | - | 7,773 | (5,265) | - | 2,501 |
| Foundation | |||||
| London Borough of | - | 15,543 | (15,543) | - | |
| Tower Hamlets | |||||
| National Lottery | - | 15,037 | (14,319) | 722 | 1,441 |
| NPH London Play | - | 17,127 | (17,127) | - | |
| PATH | - | 16,636 | (16,636) | - | |
| Playwork and Staffing | 14,705 | - | - | (14,705) | |
| Thames Water | - | 5,000 | (4,200) | - | 801 |
| Tower Hill Trust | - | - | (12,841) | 12,841 | |
| 179,838 | 77,116 | (90,043) | (1,142) | 165,76! |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
Purpose of restricted funds
Building Fund
The Building Fund represents the Net Book Value of the proportion of the building project paid for with restircted funds.
Playwork and Staffing
The Playwork & Staffing Fund represents funds that are received for specific playwork projects or staffing roles. This is a consolidation of multiple restricted funds from different funds for similar projects or roles.
Tower Hill Trust
The Tower Hill Trust Phoenix Project represents funds received to support the 'Phosnix Rising Phase 2" project, specifically towards building work, wood for children to use, a skip to remove rubbish and new sand.
National Lottery
The National Lottery represents funds received to support core costs and running of the playground, including play sessions and staff costs.
London Borough of Tower Hamlets
The London Borough of Tower Hamlets represents funds awarded to support provision of holiday activities and food during the summer holiday program and also to pay for the salary of a full-time Project Manager for four months.
East End Community Foundation
The East End Community Foundation represents funds awarded to purchase activity packs materials to be distributed to young people in the local community.
PATH
The PATH funds represents an Activate Play grant to support provision of staffed play sessions, including staff and activity costs.
NPH London Play
The NPH London Play represents funds awarded to support play sessions including staff and activity costs, PPE and cleaning equipment.
Thames Water
A grant to support a series of water based children’s education activities across 6 months including the children building a water irrigation systen and a Thames boat trip.
Wakefield & Tetley
Fund for staff costs for outreach and play sessions
City of London
Fund for the childrens gardening programme.
DCMS
Fund for core costs support for utilities and staff due to Covid.
The Foyle Foundation
Fund for general support for disadvantaged families without access to Intemet or tablets.
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
Bemard Sunley Foundation
Fund towards on site development and build for a sheltered area.
Children in Need
Fund towards on site development and bulld for a sheltered area.
16. Analysis of net assets between funds
| Tangible | Netcurrent | Netcurrent | NetAsset: | |
|---|---|---|---|---|
| fixed assets | assets / | |||
| e | liabillties Q |
|||
| Unrestricted funds | ||||
| General | ||||
| General Fund | - | 32,863 | 32,86: | |
| Restricted funds | ||||
| Bemard Sunley | - | 4,000 | 4,00 | |
| Foundation | ||||
| Building Fund | 173,225 | (16,316) | 156,90! | |
| Children in Need | - | 826 | 821 | |
| City of London | - | 731 | 73° | |
| National Lottery | - | 23,075 | 23,07! | |
| 173,225 | 45,179 | 218,40. | ||
| Previous year | ||||
| Tangible | Net current | Net Asset: | ||
| fixed assets | assets / | |||
| e | liabilities a |
|||
| Unrestricted funds | ||||
| General | ||||
| General Fund | - | 41,094 | 41,09 | |
| Restricted funds | ||||
| Building Fund | 177,337 | (16,316) | 161,02: | |
| East End Community | - | 2,508 | 2,504 | |
| Foundation | ||||
| National Lottery | - | 1,440 | 1,441 | |
| Thames Water | - | 800 | 801 | |
| 177,337 | 29,526 | 206,86: |
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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2022
17. Company limited by guarantee
The Shadwell Community Project is a company limited by guarantee and accordingly does not have a share capital.
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This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.