2021-03-31-accounts - Action West London

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			Page
Legal and Administrative	Information
Report ofthe Trustees			2-11
Statement ofResponsibilities			12
Auditors' Report			13-15
Sundry ofIncome and	Expenditure	Account	16
Statement ofFinancial Activities			17-18
Statement ofCash Flows			19
Balance Sheet			20
Notes tothe Financial Statements			21-27

		2021	2020
Gross income		1,084,192	1,156,665
Fair value gains/(losses)	on revaluation
ofinvestment property			775,000
Total income in the reporting period		1,084,192	1,931,665
Total expenditure from	income funds	1,067,124	1,134,242
Net Income/(Deficit) for the Year		17,068	797,423

					Total	Funds
		Notes			2021	2020
Incoming Resources
Donations and legacies				1,800	1,800	7,025
Charitable activities
a. Grant income			712,829		712,829	288,760
b. Payment by results	contracts			293,951	293,951	614,428
Investments
a. Income generated and rent fiom
social enterprise				51,761	51,761	237,707
b. Bank interest receivable				2,112	2,112	3,085
Other Income				21,739	21,739	5,660
Total incoming resources			f,712,829	&71,363	E1,084,192	61,156,665
Expenditure on:
Raising funds
a. Costofgenerating	funds for
social enterprise				57,787	57,787	219,977
Charitable activities
a. Direct project expenses and
support cosLs'			564,295	306,706	871,001	738,493
b. Management and development
ofthe charity			58/47	' 51,548	109,795	143,324
C. Governance				7,080	7,080	6,600
Other
a. Depreciation onfixed assets				21,461	21,461	25,848
b. Loss/(profit) on disposal of
tangibles
Total outgoing resources		2(a)	6622,542	6444,582	E,1,067,124	61,134@42
Net surplus/(deficit) before revaluation
ofinvestment property			90/87	(73,219)	17,068	22,423
Net gains/(losses) on investments
Unrestricted gains/(losses)	onrevaluation
ofinvestment property		4(b)				775,000
			290/87	E(73/19)	817,068	8797,423

						Total	Funds
		Notes	Restricted		Unrestricted	2021	2020
	Net income/(expenditure)		90,287	(	73/19)	17,068	797,423
	Transfers between funds		( 22,681)		22,681
	Other recognised gains/(losses)
	a. Gains/(losses) on revaluation
	offixed assets
	b. Other gain@(losses)
i	Net movement in funds		67,606	(	50,538)	17,068	797,423
	ReconciTiation offunds
	Total funds brought forward		236,086	2,101,585		2,337,671	1,540748
	Total funds carried forward		f303,692	82,051,047		E2,354,739	62,337,671

			Notes	2021		2020
Cash flow from operating	activities:
Net cash provided by (used in)
operating activities			13	860,470	E(184,990)
Cash flows from investing	activities
Dividends, interest and rents	from investments			53,873		240,792
Proceeds 6om the sale ofproperty, plant and equipment
Purchase ofproperty, plant and equipment				( 2,057)	(	58/87)
Net cash provided by/(used	in) investing
activities				851,816	f,182,505
Cash flows from financing	activities
Change in cash and cash equivalents		in
the reporting period				112/86	(	2,485)
Cash and cash equivalents	atthe
beginning ofthe reporling	period			475,435	477,920
Change in cash and cash equivalents
atthe end ofreporling period				F587,721	FA75,435

				Notes			2021			2020
	Fixed Assets
	Tanyble assets			4a				908,738		928,143
	Investment properly			4b				875,000		875,000
	Current Assets							1,783,738		1,803,143
	Debtors				68,717					109,086
	Cash atbank and inhand				587,721					475,435
					f656,438					6584,521
	Creditors: amounts falling
	due within one year				@85,437)					@49,993)
	Net Current Assets							571,001		534,528
	Total Assets Less Current Liabilities						62,354,739			K2,337,671
	Total Funds ofthe Charity
	Resiricted income funds			7a				177,840		110/34
	Unreached restricted revaluation		reserve
	ofinvestment property							125,852		125,852
	Total Restricted Funds							303,692		236,086
	Unrestricted income funds
	- General				332,849					383,387
	- Des&gnated				100,000					100,000
					432,849					483,387
'I	Unrealised revaluation	reserve
	Investment property			1,618,198						1,618,198
	Total Unrestricted Funds						2,051,047			2,101,585
	Total Charity Funds						52	354739		&,337,671
	These accounts areprepared inaccordance with the specialprovisions				ofPart	15ofthe Companies			Actrelating tosmall companies and
	constitute the annual accounts requiM bythe Companies Act2006				and are	for	circulation tomembers ofthe company.
	ciat atatementa	were appmved bytbe		Board on /r( taI~~
	A.G.Coyn airman				V.K.	~ derson-		tee	'

2.	Resources Expended			Staff	Other		Total
				Costs	Costs	2021	2020
a)	TotalResourcesExpended
	Costs ofgeneraimg funds for social enterprise			646,152	E11,635	K57,787	F219,977
	Charitable expenditure
	Project direct costs			549,035	65,804	614,839	537,139
	project support costs			80,182	175,980	256,162	201,354
	Management and development ofthe charity			100,807	8,988	109,795	143,324
				F730,024	F250,772	8980,796	6881,817
	Governance and other	expenditure
	Governance costs				7,080	7,080	6,600
	Depreciation on fixed assets				21,461	21,461	25,848
	Loss /(profit) on disposal	oftangibles
					628,541	K28,541	f32,448
				F776,176	6290,948	61,067,124	K1,134/42
b)	Employment Costs					2021	2020
	Wages and salaries					692,042	693,339
	Social security costs					62,816	64,388
	Other pension costs					21,318	28,612
						6776,176	f786,339
	Thekeymanagement personnel ofthe 2Business Development Manager.		charity comprise the ChiefExecut'we, theFinance &Facilities Manager and the Opemtions The total remunemtion and employee benefits ofthe key management personnel ofthe
	charity are 6180,879(2020-f194,576).
	Number ofemployees					2021	2020
	Project related					21	21
	Geneml					3	3
	Employees remunerated	in the following bands				Number	Number
	660,000to880,000
	f80,000tof90,000
c)	Trustees' Emoluments					2021	2020
	Remunemtion/benefits
	Reimbursed expenses and	other
	'related partyy' tmnsactions

Other Costs	Other Costs				Costs of	Direct	Management	A
					Generating	Charitable	Development	of		Total Costs
					Funds	Expenditure	the Charity		2021	2020
Direct costs
Costs related	toprojects				1,188	65,804			66,992	61@85
					K1,188	5,804			866,992	261,285
Governance	costs
Audit fees							7,080		7,080	6,600
Accountancy	fees
Depreciation	on tangible		assets				21,461		21,461	25,848
							F28,541		628,541	f32,448
Project support and other costs
Rent and utilities Recruitment and~					(11,421)	18,817 240	( 480) 288		6,916 528	55,951 2,015
Temporary slaffand consultants'				costs	20				20	4@62
Insurance							667		667	5,785
Legal and professional		fees			823	114,303	7/94		122,420	58,037
Telephone and postage					2,677	1,438	295		4,410	11,679
Printing and	stationery				2,522	683	251		3,456	16,387
Publicity					2,000	6,163	2,572		10,735	10,931
Repairs and maintenance					13,256	33,906	(2,792)		44,370	60,824
Cleaning					570				570	18,757
General overheads						430	893		1,323	9,542
Loss/(profit)	on disposal		oftangibles
					f10,447	1175,980	K8,988		8195,415	f280,018
Total Other	Costs				E11,635	f241,784	f37,529		8290,948	&47,903


4a.	Tangible Assets		Land dk;	Premises	Fixtures, Fittings 4
			Buildings	improvements	Equipment		Total
	Cost orValuation
	As at 1stApril 2020		875,000	47,351	213,854	1,1362.05
	Additions				2,056		2,056
	Dispos ala
	Transfer from investment	property
	As at31stMamh 2021		6875,000	847,351	F215,910	f.1,138,261
	Depreciation
	As at 1stApril 2020			44,455	163,607		208,062
	Charge forthe year			724	20,737		21,461
	Disposals
	As at31stMarch 2021			Q5,179	f184,344	F229,523
	Net BookValue
	As at31stMarch 2021		f875,000	K2,172	f.31,566	F908,738
	As at31stMarch 2020		9&75,000	f2,896	650/47	6928,143
4b.	Investment Property
	Original net cost						5,950
	Revaluation
	—March 2004						429,050
	-March 2007						35,000
	-March 2012 -~2018					(	20,000) 525,000
	-Mph 2021						775,000
						1,750,000
	Transfer to tangible assets	at31stMarch 2020				(	875,000)
	At31stMarch 2021						875,000

5.	Debtors		2021	2020
	Other debtors		65,469	97,844
	Prepayments		3/48	11PA2
			668,717	6109,086
6.	Creditors: amounts	falling due	2021	2020
	witbin one year
	Trade and other creditors		41,694	40,378
	Deferred income		15,000
	Accru&		28,743	9,615
			885,437	fA9,993
7.	Income Funds		2021	2020
a)	Restricted funds
	Balance as at 1stApril 2020		110/34	44,488
	Incoming resources		712,829	903,188
	Resources expended		(622,542)	(738,493)
	Inter-fund transfers		( 22,681)	( 98,949)
	Balance at31stMph 2021		f177,840	8110/34
b)	Unrestricted funds
	Balance as at 1stApril 2020		483,387	526,710
	Incoming resources		371,363	253,477
	Resources expended		(444,582)	(395,749)
	Inter-fund transfers		22,681	98,949
	Balance as at31stMarch 2021		fA32,849	@83,387
	Unrestricted reserves	split asto:
	—General		332,849	383,387
	-Designated		100,000	100,000
			&l32,849	6483,387

8.	Revaluation Reserve			2021	2020
	Balance asat 1stApril 2020			1,744,050	969,050
	Revaluation during the year				775,000
	Balance as at31stMarch 2021			5.1,744,050	K1,744,050
	Revaluation reserves split asto:
	-Restricted revaluation reserve			125,852	125,852
	-Unrestricted revaluation reserve			1,618,198	1,618,198
				$1,744,050	E,1,744,050
9.	ReconciTiation ofMovements			2021	2020
	in Charity's Funds
	Surplus/(deficit) forthe financia year			17,068	797,423
	Other recognised gains and losses	offal,
				17,068	797,423
	Opening charity's funds			2,337,671	1,540,248
	Closing charity's funds			X2,354,739 fixedassetbuilding	&,337,671
	Closing charity's funds off2,352,382incorporate asum		750000representIng and investmentproperty at
	valuation (notes 4aand 4b).
10.	Pension Costs			2021	2020
	Defined contribufion
	Employex's contributions paid bythe company to
	employees'personal pension policies during the year			621,318	f28,612
11.	Financial Commitments
	AtMarch 2021the company had annual commitments	under	non-cancellable	operating leases asfollows:

		2021	2020
Winston Churchill Trust		10,000
John Lewis Partnership			125,000
BigLottery Fund -BBOWorking West London Refugees Project		144,486	133,503
BBCChildren inNeed		9,960	10,000
Trust forLondon -Action recrmtment		166,500	58/50
CityBridge Trust - Stepping Stones	Fund		50,000
Clarion Digital Project			10,000
BBOPower to Change		20,000
Hillingdon Trust ESOLProject		35,892	27,007
London Community Fund SEGRO		39,750
BigLottery Fund -BBOSupporting	Women InEmployment,
Enterprise and Training (SWEET)	Project	59,547	15,725
Education Skills Funding Agency ScEuropean Social Fund -EQUIP Project		25,000	20,000
GLAMayor ofLondon Young Londoners Fund		47,393	23,697
Julia Hans Rausing Trust		121,000
Social Enterprise Support Fund		48,300
Reconciliation ofNet Income/(Expenditure)		2021	2020
toNet Cash Flow from Operating	Activities
Net income/(expenditure) forthe reporting period
(asper statement oftmancial activities)		17,068	797,423
Adjustments for:
Depreciation charges		21,461	25,848
Loss/(profit) on saleoftanybles
Fair value (gains)/losses on investment property			(775,000)
Dividends, interest and rents fiom investments		(53,873)	(240,792)
(increase)/dm. ease in debtors		40,370	909
Increase/(decrease) in creditors		35,444	6,622
Net cash provided by (used in) operating activities		%0,470	X(184,990)