POSITIVE NEfwK)RK COMMUNITY PROJECT LIMITED REISTERED COMPANY NMBER".08149526 (England aNI INales) REGISTERED CHARITY NUMBER: 1101803 REPORT OF THE TRUSTEES AND FIN4NCIAL STATEMENTS OF THE YE4R ENDED 31 MARCH 2021 FOR POSITIVE NETVK)RK COMMUNITh PROJECT LIMITED 24 Raven8tone Strnet Balham. London SW12 9SS
POSITIVE NEf¥Nt)RK COMMUNITY PROJECT LIMITED CONTENTS OF THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 CONTENTS Report of the Trus Independent Examinefs ktivities Staternent ol Fknancial A¢tivit 10 Balan¢8 Sheet 12 Notes to t1 F#H)cial St*ema 15
POSITIVE NETWORK COMMUNITY PROJECT LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Charfty number 1101803 Company rnglstratton number 08149526 {England and Wales) Registered offi 24 Ravenstone Street Balham London SW12 9SS Trustees Sarah Abrahams (Chainnan) Paul Hayward (Treasurer) Thelma Simpson (Secretary) Joan Aubee Member Stevmrt Salrron Member Grace Salmc Oirector & Manager Nomian Goodlud( Member Indepgnd•nt examlner Charlly Accountrig Ser¥ice8 272 Ken$ington High Street Lornkffi W8 6ND 8anker8 Unty Trust Bank Pk Four Brindley Pla Bim)ngh, B12JB
POSITIVE NETINORK COMMUNITY PROJECT LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2021 The trustees, vtho are also directors for the purposes of rnPany law, have pleasure in presenting their report with fnancial statements ofthe tharity forlhe year ended 31 March 2021. The Trustees have adopted the provTrsions of the Statements of Recommended Practic? (SORP). Accounting and Reporting by Charilies'18SLd In March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Reference and &Jministrative details are shown In the schedule of membws of the board and professiond ajvisers on page 1 of the fnanci81 st8tement. STRUCTURE, GOIERNANCE AND MANAGEMENT Posltfve Netsrk Communty Prop¢t is a (xmpany limited by guarantee nnr 08149526 and a registered charity number 1101803. The c£mpany was on 19 Juty 2012. Recruitrnent and appointrnent of new trustees The Board of trustee's members (aka Management Committee members) are eleced at the Annual General M88ting IAGMI hekl by the organisat'on onceevery yearThe Executive are able to COwOPt new member8 during the year. Organisational Structure and Accountabilty Rk Management The Board of Trustees undertakes a revièw of all the major risks, both intemal and extemal. to which tho organisation Is facd with rigorous monitoring and feedback systems have been put in plao that make it Possible to analyse every aspect ofthe organisat)n'S operatKins and acttviles, including the sound management of its ffinans. llthile these 8ySt8ms mlght evenknally indlcate intemal risks to the Management Committee, Ihey have to follow eM?nts independent of the Charity to identify possible risks, most of 1¢h usually relats to the1088 of fund8. OBJECTIVES AND ACTIVITIES Tho obJ6cts of the charity, 88 stated In its Memorandum and ArticJ88'. a. The provision of advisory 8erwce8 on EdUCatiC & Social serv1(8 to Peop of all ages, disabilitie8, socaal and e(x*nomic backgrourKIs. b. To provije and improve Ihe conditions of life of vulnerable indivKluals Ihrough provision of Social welfare, reueation818nd Leisure faciliiies. Pg4
POSITIVE NETWORK COMMUNITY PROJECT UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 2021 The trustees. who are also directors for the purposes of MpanY law. have pteasure In presenting their report with anCIal statements of Ihe charity for Ihe year ended 31 March 2021. The TnJstees haNE adopted the provisions of the Statements of Recommended Practice {SORP)' Accounting and Reporting by chari$, issued In March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Referenc8 and administrative details are shown in the sthedule of members of the t)oard and professional advisers m page 1 of the finanrial 8tatemenL STRUCTURE, GOVERNANCE AND MANAGEMENT PositiNE Nel%%YNk Communty Proixt is a compary limited by guarantee number 08149526 and a regBtered charity number 1101803. The wnpany was iKOfporaed 19 Juty 2012. RECRUITMENT AND APPOINTMENT OF NEWTRUSTEES. TheBoardof trustee'smember8(8kaManagementCommitleemembers)areelededatthe Annual General Meeting (AGW held by the organisation once every year The Executive are able to COpt new membersduring the year. ORGANISATIONAL STRUCTURE AND ACCOUNTABILITY Risk Managemort The Board of Trustees undertokes a review of all the major risks, both intemal and extem81. to which the organisation is fa( with rwJorou8 monitorirKJ and feedback systems have been put in place Ihat make it Possib to anaw every aspect of the organisation'8 operations and activities. induding the sound management of its financ88. th68e system8 might evenbjally Indicate intemal risks to the Management Committee, they ha¥t to follow events independent of the Charlty to identify possible risks. most of which usualty relata to the toss of nds. OBJECTtVES AND ACTIVITIES The obied8 of the charity, as stated in Its M8morarKJum and Artides.. c. The provislon of advisory seNices on Edutstion & So(aal servlce8 to peop of all ages, di8abilitie8. social and economic backgrounds. b. To provide and Improve the corKlttions of Ilfe of vulnerable indNiduals through provision of social %lfare, re(xeatthal and Lelsure faaliti8S. COVID-19 RE8PON3E PROJECT Vve have been in Operatfjn in Unty Centre for aknost one year. In March 2020 because of the Covid-19 Pandem we had to close am our fa(trtO-face oPeratnS. We had to dnge our operations la to work to remote workiry. Our new 0ratKInS preparing meaL8 and deliring to mernbgrs, tmxnes. Collecting medi(ation for Ih)se get tr) the phatrnacy. Shopthg for members who were seW-i801atng aTrJ UTrab to get to the shops. FURLOUGH SCHEME As a result of the Covid-19 pandemic all staff were placed cffi the govemment Furkwgh sche, whith vras a muth neod8d wtsThentK)n for al aff iiK)Ived. Pgs
FESTFVALS CHRISTMAS EVE FOOD DONATICWS This year v cdebrated EmancipatM)n Day social distance was obrved on mr1th Farr Green. Masks were wom. particlts were treated to MUSK and exhibitions. Every year Trkrton Churches Together usualty organise a Christmas Dinner for people in need however due to the Pandern the Christmas dinner was carlled. bleon Foundation got in touch th us, offering 400 meab that can be distributed to people in need in the k)cal area. TIE meals wer6 diSt[bj (m Christmas Eve. FOOD BANK SERVICES provide emergency food to w)ple in crts. Every day peop in the UK go hungry for reasons ranging from redundancy to re¢erThj an unexFeGted bill on a low wicome. A simp parcel offood makes a tAg differance. wÈth foCdtk helpng pre¥ent crime, hsing 1088. famity breakéknwn and mental heallh probl$. FOOD IS DONATED Local Schools, thurthes. bussnesses and indivxluals (nate Trjn-perishab, ki4ate f(M)d to s. Wle collect Lgrge dcmaions of perishabl8 non-perishabb wcxts frcxn l¢xal supemarkets. FOOD IS SORTED AND STORED Volunteers sort fo(hY to Check that ¥aty aThJ pack * into knd parcels to be given to pwple in need. PROFESSIONALS IDEKfiFY PEOPLE IN NEED Our Foodbank partner8 wrfh a wde range of care professbnals such as (kxtors, healih v18rtors, 80cial wrmkern and police to *Jenbfy pp10 in crisis issue thern With much negJ& Pg6
Tha FUTURE OF POSITIVE NETK)RK COMMUNITY PROJECT LIMITED The trust88s of Po*tive Network Community Pn)iect are well on trad( soliciting for grants, crowd funding and Contracts. During the Covid-19 our membership ha5 increased by more than S. FINANCIAL REVIEW Reserves policy the trustees are aware that a prudent fin8naal management of the charity requires that some funds are put aside for a "rainy day". After considering the contractual obligations of th8 ¢harity, such a8 premises and other leasing obligations the trustees have decided that they would require to hold funds in reserve. U[valent to a minimum of six months total operating expenditure. This means a total of approximately £50.000 for the current financial year. THANK YOU To all our Staff, volunteers and ppOrterS who have made this ypar successful In this dmllcuft time. THANK YOU To all our partner8 and fderS who have sUppted us throughout the year.. Merton Giving. London Communty Response FuThl. Immbledon FouThJation, Mercers Company, Walcot Foundation, Voice4Change and Neighbouty. Fare Share, M&S. Lidl, Aldi, T88CO, Clty Harvest. Unlty Centre of South London. Merton co&1, Wandsworth. Approved by order of the board of trustees on 26 January 2022 and signed on its behalf Sarah Abrahams (Chairpffson) Pg7
POSITIVE NEfv4f)RK COMMUNITY PROJECT UMITED REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POSITIVE NETWORK COMMUNITY PROJECT LIMITED I repxt on the aco)unts for the yeareTrled 31 2021 set out pages fve to t. vosponsibllllles of trtytees and examiner The charivs trusls Iwtho are algo the directors for the purkw of ts)mpany law) are resp(x)¥ible for the preparation ofthe accounts. The tharTVs truslees Conserthat an audtt 18 not required for this year (under SedM)n 144{2) ofthe Chaiitm AL# 2011 {Ihe 2011 Actll and that an independent exanination is required. Havlng 8ati8fied myseff that the tharity is not subpct kn alIt urmder i)ynpany law is eligible for indepernjent eXaMNWt, it is my reskN)nsibilty to.. - ernine the accounts under Sedk)n 145 of1he 2011 Act - to folbw t1 procedures laid in the General DirectK$ gi¥ by the Chartty C¢)mmission (under 145(5)Ib) of the 2011 Act).. and - to ststs whether FortKular matteTS have Come to my attenti. B4818 of the Ind•pendent •x•mlnefs roport My examinab)n was rarried out in accordance ¥1h the General Directions given by the Ch8rity Commissk)n. An e>3mination includes a rnvvaw of Ihe a¢¢ountng records kept by the charity and a CnpaOn of the atrounts Sentsd with those rg)yds. It also includes consKleratk>n of any unusual items or disclosures in the acCnts, and seekn'ng explanaii¢)n8 from you as trustees concerning any suth matters. The pcedureS undertaken ts) not provide 811 the evidence that vKuld be required in an audit. and consequenty no OPInn is given as to whether the a(xount8 present a Irue and fair ¥iow' the report is limited to those mattet3 set out in th8 8tstements bebw. Independent examknoV8 8tatennt In connoctN)n my examinatth, no matter has corr to my attention: (11 whth gi¥8 me roascffiabb cause to belie¥e tha( in any material reSPt, tp requ1ments - to keep aTrtIng records in aC£Ordan with SeCtn 386 arwj 387 rA the Compani8s Act 21x16: and to prepare accounts which accord wth the a(untIng re1$, compty with t acCountg requirements of stions 394 and 395 of the Companies Acl 2¢X16 and with the metI)d3 and principles of the Statement of R)mmonded PradKe: A)UntIr aThl Reporting by CharitEs not been met.. or 121 to which, in my cpini(xJ. attention shoukl be dThvn li 0er to wble a proper under8tarKling of the a¢ts to be rethed. Pg8
INDEPENDENT EXNA41NER Charity ¢TIng Serv 272 Ke on H*3h Street Loryjon W8 6ND Pg9
POSITIVE NETWRK COMMUNrrY PROJECT LIMrrED STATEME OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXpENDuRE ACCOUNT) FOR YB4R ENDED 31 MARCH 2021 Unrestricted Restricted Total Fund Total Funds Funds Funds 2021 2020 INCOMING RESOURCES Incoming resources from generating funds.. Actlvities for generating inxn0 Voluntsry income Charitable income Investrnent income Donation 2872 2,872 67,919 1486 1,123 102,419 600 1,541 67.919 TOTAL INCOMING RESOURCES 4358 67.919 72.277 105,683 RESOURCES EXPENDED Costs of generatlng funds Costs of generating voluntary Income Charitable aetivltl•• Charitable activities Gov8mance costs 1978 1978 5445 13778 41,175 $4,953 39,284 TOTAL RESOURCE EXPENDED 15,756 41.175 56.931 44,729 NET INCOMING RESOURCES -11,398 .744 15,346 80.954 NET INCOME FOR THE YEAR RECONCILIATION OF FUNDS Total funds brDught foNiard 98.048 98.048 37,094 TOTAL FUNDS CARRIED FORWARD 86,650 26744 113,394 98,048 None ol the Ttee5 tr any pws¢M corwaed wth awry remurwtK)n Ing thè year. One mwnl)er of lAarHgeml C(Thm#tee was reimbLwsed £2) ty travel ex[Se5 inuvr8d ty) the charity's Iw8ine$5. Pg10
The Statwnent of Finla1 ALImt all gYar6 and losses in the y&v aThJ therefo a stateMt All of the atxm mnts relate to continung tivitS. Th8 notes on wJes 10 to19 fc¥m pwt d these firwcial Stants
POSITIVE NETWORK COMMUNITY PROJECT LIMITED BALANCE SHEET 31 MARCH 2021 FIXED ASSErs FUNI FuThJ 2021 2020 FIXED ASSET8 Tangible •J•et• 7628 7626 579.Tr) CURREKf ASSETS Debtors & Pffjpaynwts Cash at ba 3,127 61.892 CREDITORS.. Amounts falling due within one year NET CURREKf LIABILITIES (1,517) Total assets less current liabiliiies 10,036 10,036 80,954 NEf {LIABILrriE8V ASSETS 10.036 MOVEMENT IN FUNDS Restricted inc¥8 lund8 28744 26744 1.853 -11398 -11398 TOTAL FUNDS INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestricted Restricted Totsl funds lunds 31.03.21 Total 31.03.20 Grants and other in¢omes HMRC JRS Furlough scheme wages The Wfimbledon FoundatK)n Lunch Club 10 50,712 50,712 17207 17,207 5121 Pg12
Sales of products other seTViC*S 2872 2872 1123 Charitable activites 1486 4358 1486 72.364 76.722 6fX) Pg13
The trustees are satisfied that the charity ts errtrtled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial ststements for the year by virtue of section 471 (2), and that no member or members have requested an audit pursuant to section 476(1) of the Act. The trustees acknowledge their responsibiliiies for: (i) ensuring that the charity keeps adequate accounting records which compty with section 386 of the Act, and preparing financial sL9tements which give a true and fair view of the state of affairs of the charty as at end of the financial year and of its profit or loss for the financial year in accordan with the requirements of section 393. and which othetwise comply requirements of the Act relating to financial statements. so far as applicable to the charity Th ncia nts *ere approved by the members of the o)mrnittee on the
POSITIVE NEfwoRK COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 IslARCH 2021 I. ACCOUfvfflNG POLICIES B••ls of •ccountlng The financial Statnts have b*n prepared under ts historical cost convention and in accordan with Financial Standard for Smaller Entib88 (effective April 2008). the Companies Act 2008 and the requirements of the Statement of Recommended Practi, Accounting and Reporting by Charitbes. Incoming resour$ All incoming resources are included on the Statement of Financial Activities when the charity is legalty entiued to the income and the amount can be quantified with reasonable accuracy. Resources exponded Expenditure is accounted for on an accruals basis and h88 been classified under headings that aggregate all cost related to the category. bfvhere costs cannot be directly attributed to particular headings they have been allocated to activiti8s on a basis consistent with the use of resources. C••h flow 8tatomont The trustees have laken advantage of the exemption in Financial Reportiro Standard No 1 (revised) from induding a sh flow statement in the financial statements on the grounds that the charity is small. Grants receNed are accoijnted for on an accrual basis. Netb'ng off of income and expenditure, incoming resources and outgoing expenditure are accounted for without any netting off of expenditure against incorne. Flxed assets All fixed assets are initialty recorded at cost. Depreclatlon Depreciation is calculated so as to write off th8 ¢QSt of an asset. less its estimated residual value, over the useful economic life of that asset as follows: Motor van Plant & Machinery Fixtures & Fittings Equipment -25% reducing balan -150/0 reducirKJ balan -15% reducing balan -15% reduarffJ balan Pg11
I VOLuKfARY INCOAIE Unrestricted flmds can b8 used in 4ccx)rdan vthh tF* tharitable obpdives at th8 discretion of the trustw. Restricted fvnds can mly be used for partiojlar restriGled pjrposes within the obje(ts of the arity. Restrictions arise Specffid by donor or when funds ar8 raised for partIlar restricted purws8s. There are no ¢utTently any r8strided funds held. Futther explanation of the nature and purpose of each fund is induded in the notes to the financial statements. Pg16
POSITIVE NETWORK COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2021 3. INVESTINT INCOkE 2Q21 2020 Inveslment receivablelreward 1541 4. NET INCChMINGI{OUTGOING) RESOURCES Net reU$ are ststed after thargliglledi1[ng)'. 15.346 2021 2020 12,949 Trustees. remunerntion or other boffl8 fvjr the yew ended 31 March 2021 TANGIBLE FIXED ASSETS Motor Van Fixtures and Flth'NJs Computer Total Funds Equipment COST At 1 Aprll 2020 and 31 March 2021 11.745 5238 18,981 4119 5236 9355 At March 2021 DEPRECIATION At 1 )ri12020 Ch8Tge for the year At 31 March 2021 NET BQOK VALUE At 31 March 2021 7626 At 31 March 2020 11745 5236 Pg17
NOTES TO THE FINANCIAL STATEMENT4orrtlnuod FOR THE YEAR ENDED 31 MARCH 2021 7. DEgfoRS." AhWXJPS FALLI LXJE V¥TfHIN ONE Y8AR 21 8. CREDITORS.. AMOUNT FA WE IMTHIN ONE YEAR Van kja & loans 1517 MOVEMENT IN FUNDS Unr••trt¢t•d fund• Net movement At 1.420 In fvnds At 31.3.21 General fund Re8trlctod fund• Rest[ttl fund 62.807 -11398 51409 26744 267M Incomirvj Rewurces Resource$ experKl&l Movement In funds Unrestrlcted fvnd8 15756 -11398 72,2TI 56931 15346 Unrestrictsj Restn"cbJ Total funds fijnds 31.03.21 Total 31.03.20 Grant¥ and other Incom.. Merton Giwng 1Mmblj FOundatn LCR 50C 4445 s10 8695 8950 M8rcet8 MIND Voice4Change Voice4Change Merton Giwng LB Wand5WOrth HMRC JRS Furkwth S( wages 89SO 9950 10 5000 2672 17.207 2672 17,207 Pyi$
Lurth Club Sales of producls Other services Charilable activrt 5121 1123 2872 2872 6LN) "Lunth Club's is nil as the pandem prevetrted any orWa. SUPPORTING OUR COMMUNITY Pytg