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2022-03-31-accounts

Page
Legal and Administmtive Information
Report ofthe Truant 2-9
Statement ofResponsibilities 10
Auditors' Report 11-13
Summary ofIncome and Expenditure Account 14
Statement ofFinancial Activities 15-16
Statement ofCash Flows 17
Balance Sheet 18
Notes tothe Financial
Statements		 19-25

2022 2021
Gross income 875,582 992,692
Fair value gains/(losses) on revaluation
ofinvestment
property
Total income in the reporting
period		 875,582 992,692
Total expenditure
from		 income funds (1,052,733) (975,624)
Net Income/(Deficit)
for the Year		 f( 177,151) f 17,068

Total Funds
Notes 2022 2021
f
Incommg Resources
Donations and legacies 1,830 1,830 1,800
le activities
a.
Grant income		 401,615 2,510 404,125 621,329
b.
Payment by results		 contracts 356,552 356,552 293(151
Investments
a.
Income generated		 and rent &om
social enterprise 75378 75378 51,761
b. Bank interest receivable 1,482 1,482 2,112
Other Income 36315 36/15 21,739
Tend incoming resources f401,615 f473,967 f875,582 f992,692
Expenditure
on:
Raising funds
a
Costofgenerating		 funds for
social enterprise 71,864 71,864 57,787
Charitable
activities
a. Dhect project expenses and
support costs 444,616 419,153 863,769 779,501
b. ~ment
and development
ofthe Charity 87,642 87,642 109,795
c.
Governance		 7,080 7,080 7,080
Other
a
Depreciation
on fixed assets		 22/78 22,378 21,461
b.
Iass/(profit)
on disposal of
tangibles
Total outgoing resources 2(a) f444,616 f608,117 f1,052,733 f975,624
Net surplus/(deficit)
before revaluation
ofinvestment
property		 (43,001) (134,150) (177,151) 17,068
Net gains/posses)
on investments
Unrestricted
gahts/(losses)		 on revaluation
ofinvestment
property
f(43,001) f(134,150) f(177,151) f.17,068

Total Funds
Notes 2022 2021
Net income/(expenditure) ( 43,001) (134,150) ( 177,151) 17,068
Transfers between funds ( 25/11) 25/11
Other recognised gains/(tosses)
a.
Gains/(losses)
on revaluation
offixed assets
b.
Other gains/(tosses)
Net movement
in funds		 ( 68/12) ( 108@39) ( 177,151) 17,068
Reconcgiatlon offunds
Total funds bmught forward 303,692 2,051,047 2,354,739 2,337,671
Total funds carried forward f235,480 81,942,108 f2,177,588 f2354,739

Notes 2022 2021
Cash fiow fiom operating activities:
Net cash provided by (used in)
operating
activities		 K(370,026) f60,470
Cash tlows fiom investing
activities
Dividends,
interest and rents fiom investments		 76,860 53,873
Proceerh fiom the sale ofpmperty, plant and
equipment
Purchase ofpmperty,
plant and equipment		 ( 2,752) ( 2,057)
Net cash provided by /(used ln) investing
activities 674,108 f51,816
Cash fiows from financing
acttvNes
Change in cash and cash equivalents in
the reporting period (295,918) 112/86
Cash and cash equivalents
atthe
eginning ofthe reporting period 587,721 475,435
Change in cash and cash equivalents
atthe end ofreporting period f291,803 &87,721

Notes Notes 2022 2021
Hxed Assets
Tangible assets 4a 14,112 33,738
Investment
property
Freehold property		 4b 1,750,000 875,000
875,000
1,764,112 1,783,738
Current Assets
Debtors 156,640 68,717
Cash atbank and in hand 291,803 587,721
&l48,443 f656,438
Creditors: amounts Ming
due within one year K(34,967) Z(85,437)
Net Current Assets 413,476 571,001
Total Assets Less Current Ltabithtes K2,177488 f2,354,739
Total Funds ofthe Charity
~esincted income funds- 7a 109,628 177,840
Unrealised
restricted revaluation		 reserve
ofiieehold property 125,852 125,852
Total Restricted Funds 235,480 303,692
Unrestricted
income funds
- General 223,910 332,849
- Designated 100,000 100,000
323,910 432,849
Unrealised
revaluation		 reserve
Freehold pmp arty 8 1,618,198 1,618,198
Total Unrestricted
Funds		 1,942,108 2,051,047
Total Charity Funds f2,177,588 f2,354,739
These accounts are prepared inaccordance
constitute the annual accounts~by		 with the special pmvisions ofPart 15ofthe Companies Actrelating to small companies and
the Companies Act2006and are for circulation to members ofthe company.
The tinanci
tements were approved by Ihe Board		 on
A.G.C
—
ahman		 f.
D.		 derson -Trustee

2. Resources Expended Resources Expended Other Total
Costs 2022 2021
a) Total Resources Expended
Costs ofgenerating funds forsodal enterprise f35,847 f36,017 f71,864 f57,787
Charitable
expenditure
Project daect costs 624,344 12,600 636,944 523339
pmject support costs 113,774 113,051 226,825 256,162
Management
and development ofthe Charity		 94,615 ( 6,973) 87,642 109,795
f832,733 f118,678 f951,411 f889,296
Governance
and other		 expenditure
Governance
costs		 7,080 7,080 7,080
Depreciation on fixed assets 22/78 22,378 21,461
loss /(profit) on disposal oftangibles
f29,458 f29,458 f28,541
f868,580 fI84,153 f1,052,733 f975,624
b) Employment
Costs		 2022f 2021
Wages and salaries 769,574 692,042
Social security costs 68,758 62,816
Other pension costs 30/48 21318
f868,580 f776,176
The key management
personnel ofthe Charity
Opemtions tkBusiness Development
Manager.
ofthe Charity aref186,008(2021 -f180,879).		 comprise
the Chief
The total remunemtion		 Executive, the Finance 6t Facilities Manager
and the
and employee benefits ofthekey~at personnel
Number ofemployees 2021
Pmjactrelated 24 21
General 3 3
Employees remunerated in the following bands Number Number
f60,000tof70,000
) Trustees' Emoluments 2022f 2021f
Remunemtion/benefits
Reimbursed
expenses and
'related patty' ~tions		 other

d) Other Costs Costs of Direct Management &
Generating Charitable Development of Total Costs
Funds Expenditure the Charity 2022 2021
Direct costs
Costs related toprojects 19@85 12,600 32/85 66,992
619985 F12,600 &2/85 Bi6,992
Governance
costs
Audit fees 7,080 7,080 7,080
Accountancy
fees
Depreciation on tangtble assets 22/78 22,378 21,461
f29,458 f29,458 f28/41
Project support and other costs
Rent and utiTities 610 ( 1,975) ( 1,365) 6,916
Recruitment
and training		 413 413 528
Temporary stafFand consultants' costs 20
Insurance 6,108 6,108 667
Legal and professional
fees		 4,396 32,375 10~9 47,000 122,420
Telephone and postage 310 1,729 4,789 6,828 4,410
Printing and stationery 1,796 3,086 4,882 3,456
Publicity 944 256 1,408 2,608 10,735
Repairs and maintenance 9,053 25,435 16,127 50,615 44370
Cleaning 2,145 2,145 570
General overheads 1/29 50,850 (49,303) 2,876 1,323
Loss/(pmgt)
on disposal oftangibles
816,032 6113,051 L( 6,973) f122,110 8195,415
Total Other Costs f36,017 f.125,651 622,485 8184,153 f290,948

4ru Tangible Assets Bxtures,
Premises Bttings &
Improvements
f		 Equipment Tourt
Costor Valuation
As at 1stApril 2021
Additions
Disposale		 875,000 47,351 215,910
2,752		 1,138,261
2,752
Transfer Gom investment pmperty 875,000 875,000
As at31stMarch 2022 81,750,000 647351 f218,662 62,016,013
Depreciation
As at 1stApril 2021 45,179 184344 229423
Charge for Ihe year 724 21,654 22,378
Disposals
As at31stMarch 2022 f45,903 f205,998 f251,901
Net IIookValue
As at31stMarch 2022 61,750,000 E1,448 f,12,664 61,764,112
As at31stMarch 2021 f875,000 f2,172 f31,566 6908,738
4b. Investment
Property
Original net cost 5 rr50
Revaluation
-March 2004
-March 2007
-March 2012
-March 2018		 ( 429,050
35,000
20,000)
525,000
-March 2022 775,000
1,750,000
Transfer to tangible assets
Transfer to tangible assets		 at31stMarch 2021
at31stMarch 2022		 (
(		 875,000)
875,000)
At31stMarch 2022

5. Debtors 2022 2021
Other debtors 154,184 65,469
Prepayments 2,456 3,248
6156,640 8,717
6. Creditors: amounts falling due 2022 2021
within one year
Trade and other creditors 24,872 41,694
Defened income 15,000
Accruals 10,095 28,743
f34,967 885,437
7. Income Funds 2022 2021
a) Restricted funds
Balance as at 1stApril 2021 177,840 110@34
Incoming resources 401,615 712,829
Resources expended (444,616) (622,542)
Inter-fund
nunsfers		 ( 25411) ( 22,681)
Balance at31stMarch 2022 8109,628 f.177,840
b) Unrestricted
funds
Balance as at 1stApril 2021 432,849 483,387
Incoming resources 473,967 371363
Resources expended (608,117) (444482)
Inter-fund
transfers		 25711 22,681
Balance as at31stMarch 2022 6323')10 &132,849
Unrestricted
reserves split asto:
-General 223,910 332,849
-Designated 100,000 100,000
0323,910 0432,849

8. Revaluation
Reserve		 2022f 2021
Balance as at 1stApril 2021
Revaluation
during the year		 1,744,050 1,744,050
Balance as at31stMarch 2022 f1,744,050 f1,744,050
Revaluation
reserves split asto:
-Reslricted revaluation
reserve		 125,852 125,852
-Unresiricted
revaluation
reserve		 1,618,198 1,618,198
f.1,744,050 f1,744,050
Reconciliation ofMovements
in Charity's
Funds		 2022f 2021
Surplus/(deficit)
forthe financial year
Other recognised gains and losses		 ( 177,151) 17,068
Opening Charity's funds ( 177,151)
2,354,739		 17,068
2/37,671
Closing Chari+ funds f2,177,588 f2,354,739
Closing Charity's funds off2,170588incorporate asum off1,750000representing fixed asset buildings
and investment
property
atvalualion
(notes 4aand 4b).
10. Pension Costs 2022 2021f
Defined contribution
Employer's
contributions		 paid by the company to
employees'
personal pension policies during ihe year		 f30,248 f21,318

Land SrBufidings Land SrBufidings
2022 2021
Expiry date:
Between two and five years

2022f 2021
Wmston Churchill
Memorial Trust
John Lewis Partnership		 10,000
National Lottery Community
Fund /European Social		 Fund -Building Better
Opportunities
(BBO)'Working West London' Refugees Project /cad
BBCChildren
in Need
National Lottery Community
Fund - Power to Change
Hillingdon
Trust ESOLProject
London Community
Fund SEGRO
National Lottery Community
Fund / European Social Fund -Building		 partner ELATI)
Better		 129,599
9,990
5,000
65468		 144,486
9,960
20,000
35,892
39,750
Opportunities
(BBO)Supporiing Women in Employment,
Enterprise		 6'c
Training (SWEET)project 0ead partner paddington
Development
Trust)
Education Skills Funding Agency /k European Social Fund -EQUIP Pmjact
GLA Mayor ofLondon Young Londoners Fund
Julia and Hans Reusing Trust
National Lottery Community
Fund - Social Enterprise Support Fund
Trust forLondon and City Bridge Trust -Moving on Up Project (mcluding partners' payments)
Brunt Council -Moving on Up Project (including partners' payments)		 24/76
15,000
47,393
122,850
50,000		 59,547
25,000
47393
121,000
48300
116/00
50,000
Reconciliation ofNet Income/(Expenditure)
toNet Cash Flow I'rom Operating A tivities		 2021f
Net Income/(expenditure)
for the reporting period
(asper statement offinancial activities) (177,151) 17,068
Adjustmenis
for.
Depreciation
charges
Loss/(profit)
on sale oftangibles		 22,378 21,461
Fair value (gains)/losses
on investment
pmparty
Dividends,
interest and rents fiom investments		 ( 76,860) (53,873)
(Increase)/decrease
in debtom
Increase/(decrease)
in creditors		 ( 87,923)
( 50,470)		 40370
35,444
Net cash provided by (used in) operating activities X(370,026) 860,470

2022 2021
Income
Donations
Grant income		 1,830
404,125		 1,800
621,329
Payment by results contmct
Rent receivable
Bank interest
Smxhy income		 356,552
75,378
1,482
36/15		 293,951
51,761
2,112
21,739
Total Income 875,582 992,692
Expenditure
Direct project costs 32,585 66@92
Wages and salaries 769,574 692,042
Employer's NI contributions
Staffpension costs		 68,758
30,248		 62,816
21/18
Stafftraining 413 288
Rent ( 16,390) 18,817
Rates
Insumnce		 11,661
6,108		 (15/09)
667
Light and heat 3,364 3308
Repass, maintenance, cleaning and
computer costs 52,760 45,097
Printing and stationery 4,889 3,873
Advertising
and publicity		 2,609 10,734
Telephone and postage 6,820 3,992
Travelling expenses 876 418
Recruitment
costs		 240
Legal and prokssional
Audit fees
Bank charges		 fees 47,000
7,080
509		 30,764
7,080
225
Sundry expenses 103 27
Tempomry staff 20
Depreciation on fixed assets 22378 21,461
Subscriptions I@88 654
1,052,733 975,624
Net gains/posses)
on inveslments
Fair value gains/(fosses)
on investment		 property ( 177,151) 17,068
Surplus/(Deficit)
for the Year		 I( 177,151) 17,068