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|---|---|---|---|
|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|
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||||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|
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||||||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|
##
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|||||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|
##
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||||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|
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|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|||||||||
##
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|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|
##
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|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|||||||
##
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|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|
##
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|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|||
##
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||||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|
##
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|||||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|