## ## ||||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||||||| ## ## |d)|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)|