| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 11 |
| Report ofthe Independent Auditors |
12 to | 14 |
| Statement ofFinancial Activities | ||
| Statement ofFinancial Position | 16 to | 17 |
| Statement ofCash Flows | 18 | |
| Notes tothe Statement ofCash Flows | 19 | |
| Notes tothe Financial Statements | 20 to | 31 |
| Detailed Statement ofFinancial Activities | 32 to | 34 |
| 31.3.22 | 3).3.21 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | FROM | |||||||
| Donations | and Grants | 45,414 | 45,414 | 192,434 | ||||
| Charitable | activities | |||||||
| Charitable | 91,922 | 1,00$,655 | 1,100,577 | 817,884 | ||||
| Activities Generating | Funds | 3 | 136,978 | 136,97$ | 27,928 | |||
| Investment | income | 4 | 48 | 48 | 946 | |||
| Total | 274462 | 1,008,655 | 1,283,017 | 1,039,192 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 19,624 | |||||||
| Charitable | activities | |||||||
| Charitable | 2$6,131 | 910,782 | 1,196,913 | 1,076,481 | ||||
| Total | 286,131 | 910,782 | 1,196,913 | 1,096,105 | ||||
| NET INCOME/(EXPENDITURE) | (11,769) | 97,873 | 86,104 | (56,9)3) | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds | brought | forward | 49,034 | 226,944 | 275,978 | 332,891 | ||
| TOTAL FUNDS CARRIED FORWARD | 37465 | 324,817 | 362,082 | 275,978 |
| 31MARCH 2022 | |||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 15 | 13,669 | 17,086 |
| CURRENT ASSETS | |||
| Debtors | 139,632 | 232,065 | |
| Cash in hand | 261,951 | 219,925 | |
| 401,583 | 451,990 | ||
| CREDITORS | |||
| Amounts falling due within one year |
17 | (53,170) | (193,098) |
| NET CURRENT ASSETS | 348,413 | 258,892 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 362,082 | 275,978 | |
| NET ASSETS | 362,082 | 275,978 | |
| FUNDS | 19 | ||
| Unrestricted funds: |
|||
| General fund | 37,265 | 49,034 | |
| Restricted funds: | |||
| Restricted Funds | 324,817 | 226,944 | |
| TOTAL FUNDS | 362,082 | 275,978 |
| Notes | Notes | 319.22 f |
31.3.21 | |||
|---|---|---|---|---|---|---|
| Cash flows from | operating | activities | ||||
| Cash generated from operations |
I | 41,978 | (111,595) | |||
| Net cash provided | by/(used | in) | operating | activities | 41,978 | (111,595) |
| Cash flows from | investing | activities | ||||
| Interest received | 946 | |||||
| Net cash provided | by investing | activities | 946 | |||
| Change in cash and cash equivalents | ||||||
| in the reporting | period | 42,026 | (110,649) | |||
| Cash and cash equivalents | at | the | ||||
| beginning ofthe | reporting | period | 219&925 | 330,574 | ||
| Cash and cash equivalents | at | the end | ||||
| ofthe reporting | period | 261,951 | 219,925 |
| OPERATING AC | TIVITI | ES | |||
|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||
| f | |||||
| Net income/(expenditure) | for tbe reporting | period (as per the | |||
| Statement ofFinancial Activities) | 86,104 | (56,913) | |||
| Adjustments for: |
|||||
| Depreciation charges |
3,417 | 4,272 | |||
| Interest received | (48) | (946) | |||
| Decrease/(increase) | in debtors | 92,433 | (211,394) | ||
| (Decrease)/increase | in creditors | (139,928) | 153,386 | ||
| Net cash provided | by/(used | in) operations | 41,978 | (111,595) |
| ANALYSIS OF CHANGES IN NET FU | NDS | ||
|---|---|---|---|
| At 1/4/21 | Cash flow | At 31/3/22 | |
| Net cash | |||
| Cash at bank and in hand | 219,925 | 42,026 | 261,951 |
| 219,925 | 42,026 | 2619951 | |
| Total | 219,925 | 42,026 | 261,951 |
| DONATIONS AND GR |
ANTS | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| K | |||
| Donations | 1,556 | 5,809 | |
| Legacies | 15,500 | ||
| Grants | 43,858 | 171,125 | |
| 459414 | 192,434 | ||
| Grants received, included | in the above, are as follows: | ||
| 31.3.22 | 31.3.21 | ||
| London Borough ofWaltham Forest | 68,434 | ||
| HMRC Job Retention Scheme | 28,858 | 67,691 | |
| Business Rates Support Grant | 15,000 | 35,000 | |
| 43,858 | 171,125 |
| CRESTWALTHAM FOREST | CRESTWALTHAM FOREST | ||||
|---|---|---|---|---|---|
| NOTES TO | THE FINANCIAL STATEMENTS - continued | ||||
| FOR | THE YEAR ENDED 31MARCH 2022 | ||||
| 3. | ACTIVITIES GENERATING FUNDS | ||||
| 31.3.22 | 31.3.21 | ||||
| Shop income | 423 | ||||
| Rents Receivable | 136,978 | 27,505 | |||
| 136,97827,928 | |||||
| 4. | INVESTMENT INCOME | ||||
| 31.3,22 | 31.3.21 | ||||
| Deposit account interest | 48 | 946 | |||
| 5. | INCOME FROM | CHARITABLE ACTIVITIES | |||
| 31.3.22 | 31.3.21 | ||||
| Activity | 8 | ||||
| Fee Income | Charitable | 1,100,577 | $17,884 |
| Income from Charitable Activi |
ties | ||
|---|---|---|---|
| 31.3.2022 | 31.3.2021 | ||
| f | |||
| Restricted Funds: | |||
| StJames's Street BigLocal | 158,301 | 42,052 | |
| William Morris BigLocal | 216,206 | 293,629 | |
| North Meets South BigLocal | 164,963 | 95,790 | |
| Noel Park BigLocal | 141,918 | 70,959 | |
| The Urban Swift | |||
| Impact BigLocal | 112,000 | 95,000 | |
| Hackney Wick BigLocal | 72/53 | I11,694 | |
| Restricted Funds: Crest Pro'ects | |||
| Waltham Forest Conscious Care |
41,455 | 22,640 | |
| Time to Change | 31,559 | 33,104 | |
| Buddying and Befriending - LB |
ofWaltham Forest | 70,000 | 11,666 |
| 1,008,655 | 776,524 | ||
| Unrestricted Funds: |
|||
| BigLocal Fees | 44,834 | 35,344 | |
| Attendance at day care centre |
32,365 | 1,821 | |
| National Infection Control Funding |
4,573 | 3,942 | |
| Other Income | 10,150 | 253 | |
| 91,922 | 41460 | ||
| Total Income from Charitable | Activities | 1,100,577 | $17,884 |
| 6. | RAISING FUNDS | |||||
|---|---|---|---|---|---|---|
| Other trading activities | ||||||
| 31.3.22 | 31.3.21 | |||||
| Staffcosts | 3,437 | |||||
| Rent and Rates | 14,902 | |||||
| Light and Heat | 648 | |||||
| Telephone | 504 | |||||
| Sundry Expenses Shop | 133 | |||||
| 19,624 | ||||||
| 7. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 8) | Totals | ||||
| Charitable | 952,466 | 244,447 Governance |
1,196,913 | |||
| 8. | SUPPORT COSTS | |||||
| Management | Finance | Other | costs | Totals | ||
| 6 | ||||||
| Charitable | 132,065 | 101,633 | 3,417 | 7332 | 244,447 | |
| 9. | NET INCOME/(EXPENDITURE) |
| 31.3.22 | 31.3.21 | |||
|---|---|---|---|---|
| Fees payable to the charity's | auditors for the audit ofthe charity's | |||
| financial | statements | 7/322 | 6,580 |
| STAF | FCOSTS | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| f | |||
| Wages | and salaries | 294,410 | 281,482 |
| Social | security costs | 25,948 | 20,685 |
| Other | pension costs | 9,727 | 7,337 |
| 330,085 | 309,504 |
| The averag | e monthly number ofemployees durin |
g the year was as follows: | |
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Charitable | Activities | 14 | 14 |
| Administration | 3 | 3 | |
| 17 | 17 |
| NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
|
|---|---|---|---|---|---|
| 13. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES 31.3.2021 | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME FROM | |||||
| Donations and Grants |
192,434 | 192,434 | |||
| Charitable activities |
|||||
| Charitable | 41,360 | 776,524 | 817,884 | ||
| Activities Generating | Funds | 27,928 | 27,928 | ||
| Investment income |
946 | 946 | |||
| Total | 262,668 | 776,524 | 1,039,192 | ||
| EXPENDITURE ON | |||||
| Raising funds | 19,624 | 19,624 | |||
| Charitable activities |
|||||
| Charitable | 208,107 | 868,374 | 1,076,481 | ||
| Total | 227,731 | 868,374 | 1,096,105 | ||
| NET INCOME/(EXPENDITURE) | 34,937 | (91,850) | (56,913) | ||
| Transfers between funds | (716) | 716 | |||
| Net movement in funds |
34,221 | (91,134) | (56,913) | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
14,813 | 318,078 | 332,891 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 49,034 | 226,944 | 275,978 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Computer | |
| equipment I |
|
| COST | |
| At 1April 2021 and 31March 2022 | 113,172 |
| DEPRECIATION | |
| At 1 April 2021 | 96,086 |
| Charge for year | 3,417 |
| At 31March 2022 | 99,503 |
| NET BOOKVALUE | |
| At 31March 2022 | 13,669 |
| At 31March 2021 | 17,086 |
| 16, | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| 5 | ||||
| Trade debtors | 85,252 | 52,190 | ||
| Other debtors | 54,300 | 22,375 | ||
| Prepayments | and accrued income | 157,500 | ||
| 139,632 | 232,065 |
| CRED | ITORS | : AM | OUN | TS FALLING DUE WITH | IN ONE YEAR | |
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Trade | creditors | 39,162 | 175,402 | |||
| Social | security | and | other | taxes | 7338 | 4,417 |
| Other | creditors | 6,670 | 13,279 | |||
| 53,170 | 193,098 |
| ANALYSIS OF NET ASSET | SBETWEEN FUNDS | |||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| Fixed assets | (3,417) | 17,086 | 13,669 | 17,086 |
| Current assets | 67,748 | 333,835 | 401,583 | 451,990 |
| Current liabilities | (27,066) | (26,104) | (53,170) | (193,098) |
| 37,265 | 324,817 | 362,082 | 275,978 |
| Funds as | |||||
|---|---|---|---|---|---|
| Funds as at | Incoming | Outgoing | at | ||
| 1.4.21 | Resources | Resources | Transfers | 31.3.22 | |
| f | f | ||||
| Unrestricted Funds |
49,034 | 274,362 | (286,131) | 37,265 | |
| Restricted Funds | 226,944 | 1,008,655 | (910,782) | 324,817 | |
| TOTAL | 275,978 | 1,2$3,017 | (1,196,913) | - | 362)082 |
| Restricted Funds ~Bi I I: |
|||||
| StJames BigLocal | 441 | 158,301 | (127,880) | 30,862 | |
| William Morris BigLocal | 70,875 | 216,206 | (220,630) | 66,451 | |
| North Meets South BigLocal | 34,292 | 164,963 | (163,638) | 35,617 | |
| Noel Park BigLocal | (791) | 141,918 | (125,906) | 15,221 | |
| Impact BigLocal | 8,251 | 112,000 | (122,700) | (2,449) | |
| Hackney Wick BigLocal | 47,116 | 72,253 | (98,815) | 20,554 | |
| Designated Fixed asset | 28,877 | 28,877 | |||
| ~Cr st~Fr fcC | |||||
| Buddying and Befriending |
10,441 | 70,000 | (16,063) | - | 64,378 |
| Time to Change | 17,722 | 31,559 | (20,724) | — | 28,557 |
| Waltham Forest Conscious Care |
9,720 | 41,455 | (14,426) | - | 36,749 |
| Total Restricted Funds | 226,944 | 1,008,655 | (910,782) | 324,817 | |
| Unrestricted Funds |
49,034 | 274,362 | (2$6,131) | - | 37/65 |
| CRESTWALTHAM FOREST | CRESTWALTHAM FOREST | CRESTWALTHAM FOREST | |
|---|---|---|---|
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
| FORTHE YEAR ENDED 31MARCH 2022 | |||
| 31.3.22 | 31.3.21 | ||
| INCOME | |||
| Donations and Grants |
|||
| Donations | Ii556 | 5,809 | |
| Legacies | 15,500 | ||
| Grants | 43,858 | 171,125 | |
| 45,414 | 192,434 | ||
| Activities Generating | Funds | ||
| Shop income | 423 | ||
| Rents Receivable | 136,978 | 27,505 | |
| 136,978 | 27,928 | ||
| Investment income |
|||
| Deposit account interest | 48 | 946 | |
| Charitable activities |
|||
| Fee Income | 1,100,577 | 817,884 | |
| Total incoming resources | 1,2S3,017 | 1,039,192 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Wages | 3,437 | ||
| Rent and Rates | 14,902 | ||
| Light and Heat | 648 | ||
| Telephone | 504 | ||
| Sundry Expenses Shop | 133 | ||
| 19,624 | |||
| Charitable activities |
|||
| Wages | 260,886 | 236,748 | |
| Social security | 25,948 | 20,685 | |
| Transport and Travel |
14,931 | 3,526 | |
| Staff Recruitment | 6,146 | 2,537 | |
| Telephone | 2,439 | 2,063 | |
| Postage and stationery | 11,465 | 2,721 | |
| Carried forward | 321,815 | 268,280 |
| FORTHE YEAR ENDE | D 31MARCH 2022 | |||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| E | ||||
| Charitable activities |
||||
| Brought forward | 321,815 | 268,280 | ||
| Volunteer and |
Speakers Expense | 5,094 | 9,078 | |
| Sundries | 4,100 | 1,957 | ||
| Consultant dr Professional |
fees | 81/94 | 78,275 | |
| Local projects | 412,600 | 499,244 | ||
| Grants payable | 201176 | 35,332 | ||
| No description | 107487 | 6,640 | ||
| 952,466 | 898,806 | |||
| Support costs | ||||
| Management | ||||
| Rent and Rates | 34,806 | 18,890 | ||
| Insurance | 12,554 | 7,521 | ||
| Light and heat | 5,723 | 5,120 | ||
| Telephone | 12,198 | 14,375 | ||
| Postage and stationery | 7,851 | 18,795 | ||
| Bad Debts | 113 | |||
| Sundries | 2,164 | 1,208 | ||
| Canteen and | Cleaning | 11,990 | 1,865 | |
| Subscriptions | 5,524 | 3,433 | ||
| Advertising | 13,928 | 525 | ||
| Repairs and Renewals | 22,016 | 11,279 | ||
| Training and |
Welfare | 3,198 | 730 | |
| 132,065 | 83,741 | |||
| Finance | ||||
| Wages | 33,524 | 41,297 | ||
| Pensions | 9,727 | 7,337 | ||
| Meeting Expenses | 2,563 | |||
| Bank charges | 835 | 62 | ||
| BigLocal Admin Fees | 54,984 | 34,343 | ||
| 101,633 | 83,039 | |||
| Other | ||||
| Computer Equip- Depreciation |
3,417 | 4,272 | ||
| Governance | costs | |||
| Auditors' remuneration |
7@22 | 6,580 | ||
| Legal fees | 10 | 43 | ||
| 7/332 | 6,623 |
| FORTHE YEAR EN | DED 31MARCH 2022 | |
|---|---|---|
| 31.3.22 | 31.3.21 | |
| Total resources expended | 1,196,913 | 1,096,105 |
| Net income/(expenditure) | 86,104 | (56,913) |