| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 10 |
| Report ofthe Independent Auditors |
11 to | 13 |
| Statement ofFinancial Activities | 14 | |
| Statement ofFinancial Position | 15 to | 16 |
| Statement ofCash Flows | 17 | |
| Notes to the Statement ofCash Flows | 18 | |
| Notes to the Financial Statements | 19 to | 28 |
| Detailed Statement ofFinancial Activities | 29 to | 30 |
| 31.3.23 | 31.3.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f. | ||||
| INCOME FROM | ||||||
| Donations and Grants |
2 | 1,179 | 1,179 | 45,414 | ||
| Charitable activities |
||||||
| Charitable | 142,694 | 746,800 | $$9,494 | 1,100,577 | ||
| Activities Generating | Funds | 3 | 148,789 | 148,789 | 136,978 | |
| Investment income |
4 | 175 | 175 | 48 | ||
| Other income | 12469 | 12@69 | ||||
| Total | 305406 | 746,$00 | 1,052,006 | 1,2$3,017 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable | 317/96 | 826,027 | 1,143/23 | 1,196,913 | ||
| NET INCOME/(EXPENDITURE) | (12,090) | (79,227) | (91417) | 86,104 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
37465 | 324,817 | 362,082 | 275,978 | ||
| TOTAL FUNDS CARRIED FORWARD | 25,175 | 245,590 | 270,765 | 362,082 |
| STATEME | NT OFFINANCIAL 31MARCH 2023 |
POSITION | |
|---|---|---|---|
| Notes | 31.3.23 f |
3].3.22 | |
| FIXEDASSETS | |||
| Tangible assets | 14 | 10,935 | 13,669 |
| CURRENT ASSETS | |||
| Debtors | 15 | 27,948 | 139,632 |
| Cash in hand | 285,050 | 261,951 | |
| 312,998 | 40],583 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (53,168) | (53,170) |
| NET CURRENT ASSETS | 259,830 | 348,413 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 270,765 | 362,082 | |
| NET ASSETS | 270,765 | 362,082 | |
| FUNDS | |||
| Unrestricted funds: |
|||
| General fund | 25,175 | 37,265 | |
| Restricted funds: | |||
| Restricted Funds | 245,590 | 324,817 | |
| TOTAL FUNDS | 270,765 | 362,082 |
| F | ORTHE YEAR END | ED 31MARCH 2023 | ||||
|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||
| Notes | f | |||||
| Cash flows from | operating | activities | ||||
| Cash generated | from operations | I | 22,924 | 41,978 | ||
| Net cash provided | by operating | activities | 22,924 | 41,978 | ||
| Cash flows from | investing | activities | ||||
| Interest received | 175 | 48 | ||||
| Net cash provided | by investing | activities | 175 | 48 | ||
| Change in cash | and cash equivalents | |||||
| in the reporting | period | 23,099 | 42,026 | |||
| Cash and cash | equivalents | at | the | |||
| beginning ofthe | reporting | period | 261,951 | 219,925 | ||
| Cash and cash | equivalents | at | the end | |||
| ofthe reporting | period | 205,050 | 261,951 |
| OPERATING ACTIVI | TIES | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| f | 5 | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement ofFinancial | Activities) | (91,317) | 86,104 | |
| Adjustments for: |
||||
| Depreciation charges |
2,734 | 3,417 | ||
| Interest received | (175) | (48) | ||
| Decrease in debtors | 111,684 | 92,433 | ||
| Decrease in creditors | (2) | (139,928) | ||
| Net cash provided by operations |
22,924 | 41,978 |
| ANALYSIS OF CHANGES IN NET FU | NDS | ||
|---|---|---|---|
| At 1/4/22 | Cash flow | At 31/3/23 | |
| Net cash | |||
| Cash at bank and in hand | 261,951 | 23,099 | 285,050 |
| 261,951 | 23,099 | 285,050 | |
| Total | 261,951 | 23,099 | 2859050 |
| ofthe lease. | ||||||
|---|---|---|---|---|---|---|
| DONATIONS | AND GRANTS | |||||
| 31.3.23 | 31.3.22 | |||||
| Donations | 1,179 | 1,556 | ||||
| Grants | 43,858 | |||||
| 1,179 | 45,414 | |||||
| Grants received, included | in the | above, are as follows: | ||||
| 31.3.23 | 31.3.22 | |||||
| HMRC Job Retention Scheme | 28,858 | |||||
| Business Rates | Support Grant | 15,000 | ||||
| 43,858 | ||||||
| 3. | ACTIVITIES | GENERATING | FUNDS | |||
| 31.3.23 | 31.3.22 | |||||
| f. | ||||||
| Rents Receivable | 148,789 | 136,978 |
| FORTH | FORTH | E YEAR ENDED 31MAR | CH 2023 | ||
|---|---|---|---|---|---|
| 4. | INVESTMENT INCOME | ||||
| 31.3.23 | 31.3.22 | ||||
| f | |||||
| Deposit account interest | 175 | 48 | |||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 31.3.23 | 31.3.22 | ||||
| Activity | f | ||||
| Fee Income | Charitable | 889,494 | 1,100,577 | ||
| Income from Charitable | Activities | ||||
| 31.3.2023 | 31.3.2022 | ||||
| f | |||||
| Restricted Funds: | |||||
| St James's Street BigLocal | 65,900 | 158,301 | |||
| William Morris BigLocal | 179400 | 216,206 | |||
| North Meets South BigLocal | 237,508 | 164,963 | |||
| Noel Park BigLocal | 49,238 | 141,918 | |||
| Somers Town BigLocal | 62,887 | ||||
| Impact Big Local | 2,518 | 112,000 | |||
| Hackney Wick BigLocal | 102+61 | 72,253 | |||
| Restricted Funds: Crest | Pro'ects | ||||
| Waltham Forest Conscious |
Care | 46,957 | 41,455 | ||
| Time to Change | 223 | 31,559 | |||
| Buddying and Befriending |
-LB | ofWaltham Forest | 70,000 | ||
| 746,800 | 1,008,655 | ||||
| Unrestricted Funds: |
|||||
| Big Local Fees | 37,239 | 44,834 | |||
| Attendance at day care centre |
96,440 | 32,365 | |||
| National Infection Control |
Funding | 4,573 | |||
| Other Income | 9,015 | 10,150 | |||
| 142,694 | 91,922 | ||||
| Total Income from Charitable | Activities | 889,494 | 1,100,577 |
| Support | |||||||
|---|---|---|---|---|---|---|---|
| Direct | costs (see | ||||||
| Costs | note 7) | Totals | |||||
| Charitable | 872,913 | 270,410 | 1,143@23 | ||||
| 7. | SUPPORT | COSTS | |||||
| Governance | |||||||
| Management | Finance | Other | costs | Totals | |||
| Charitable | 180,754 | 79,469 | 2,734 | 7,453 | 270,410 |
| Net income/(expenditure) is |
stated after charging/(crediting): | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| f | |||
| Depreciation - owned assets | 2,734 | 3,417 | |
| AUDITORS' REMUNERATION | |||
| 31.3.23 | 31.3.22 | ||
| Fees payable to the charity's | auditors for the audit ofthe charity's | ||
| financial statements |
7,440 | 7322 |
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| Wages | and salaries | 237,447 | 294,410 |
| Social | security costs | 9,448 | 25,948 |
| Other | pension costs | 14,263 | 9,727 |
| 261,158 | 330,085 |
| The average monthly | n | umber ofemp | loyees during the year was as follows: |
||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Charitable Activities |
12 | 14 | |||
| Administration | 2 | 3 | |||
| 14 | 17 | ||||
| No employees received |
emoluments | in excess of660,000. | |||
| COMPARATIVES | FORTHE STATEMENT OF FINANCIAL ACTIVITIES 31.3.2022 | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME FROM | |||||
| Donations and Grants |
45,414 | 45,414 | |||
| Charitable activities |
|||||
| Charitable | 91,922 | 1,008,655 | 1,100,577 | ||
| Activities Generating | Funds | 136,978 | 136,978 | ||
| Investment income |
48 | 48 | |||
| Total | 274,362 | 1,008,655 | 1,283,017 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Charitable | 286,131 | 910,782 | 1,196,913 | ||
| NET INCOME/(EXPENDITURE) | (11,769) | 97,873 | 86,104 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 49,034 | 226,944 | 275,978 |
| 12, | COMPARATIVE continued |
S FO | RT | HE STATEMENT OF FINANCIAL ACTI | VITIES 31.3. | 2022— |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| TOTAL FUNDS | CARRIED | |||||
| FORWARD | 37,265 | 324,817 | 362,082 | |||
| 13. | KEYMANAGEMENT | PERSONNEL | ||||
| Key Management | Personnel | comprises ofthe Board ofTrustees. | ||||
| 14. | TANGIBLE FIXEDASSETS | |||||
| Computer | ||||||
| equipment | ||||||
| COST | ||||||
| At 1 April 2022 and 31March 2023 | 113,172 | |||||
| DEPRECIATION | ||||||
| At 1 April 2022 | 99,503 | |||||
| Charge for year | 2,734 | |||||
| At 31March 2023 | 102,237 | |||||
| NET BOOKVALUE | ||||||
| At 31March 2023 | 10,935 | |||||
| At 31March 2022 | 13,669 | |||||
| 15. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.23 | 31.3.22 | |||||
| Trade debtors | 26,793 | 85,252 | ||||
| Other debtors | 1,155 | 54,380 | ||||
| 27,948 | 139,632 |
| CRED | ITORS: AMOUNTS FA | LLING DUE WITHIN | ONE YEAR | ||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Trade creditors | 46399 | 39,162 | |||
| Social | security and other taxes | 7,338 | |||
| Other creditors | 6,769 | 6,670 | |||
| 53,168 | 53,170 | ||||
| ANALYSIS OF NET ASSETS | BETWEEN FUNDS | ||||
| 31.3.23 | 31.3.22 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Fixed assets | (102,237) | 113,172 | 10,935 | 13,669 | |
| Current | assets | 180,580 | 132,418 | 312,998 | 401,583 |
| Current | liabilities | (53,168) | (53,168) | (53,170) | |
| 25,175 | 245,590 | 270,765 | 362,082 |
| Funds as | |||||
|---|---|---|---|---|---|
| Funds as at | Incoming | Outgoing | at | ||
| 1.4.22 | Resources | Resources | Transfers | 31.3.23 | |
| f | |||||
| Unrestricted Funds |
37,265 | 305,206 | (317,296) | 25,175 | |
| Restricted Funds | 324,817 | 746,800 | (826,027) | 245,590 | |
| TOTAL | 362,082 | 1,052,006 | (1,143423) | 270,765 | |
| Restricted Funds | |||||
| ~tP t P: |
|||||
| StJames BigLocal | 30,862 | 65,900 | (60,430) | 36,332 | |
| William Morris BigLocal | 66,451 | 179,309 | (241,153) | 4,607 | |
| North Meets South BigLocal | 35,617 | 237,508 | (256,407) | 16,718 | |
| Noel Park BigLocal | 15,221 | 49,238 | (57,587) | 6,872 | |
| Impact BigLocal | (2,449) | 2,518 | (69) | ||
| Hackney Wick BigLocal | 20,554 | 102,261 | (103,103) | 19,712 | |
| Somers Town BigLocal | 62,887 | (43,280) | 19,607 | ||
| Designated Fixed asset |
28,877 | 28,877 | |||
| ~ctP ' t: |
|||||
| Buddying and Befriending |
64,378 | (22,422) | 41,956 | ||
| Time to Change | 28,557 | 223 | (22,408) | 6,372 | |
| Waltham Forest Conscious Care | 36,749 | 46,956 | (19,168) | 64,537 | |
| Total Restricted Funds | 324,817 | 746,800 | (826,027) | 245,590 | |
| Unrestricted Funds |
37465 | 305,206 | (317,296) | 25,175 |
| FOR THE YEAR ENDE | D 31MARCH 2023 | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| INCOME | ||||
| Donations and Grants |
||||
| Donations | 1,179 | 1,556 | ||
| Grants | 43,858 | |||
| 1,179 | 45,414 | |||
| Activities Generating | Funds | |||
| Rents Receivable | 148,789 | 136,978 | ||
| Investment income |
||||
| Deposit account interest | 175 | 48 | ||
| Charitable activities |
||||
| Fee Income | 889,494 | 1,100,577 | ||
| Other income | ||||
| Insurance Refund |
12,369 | |||
| Total incoming resources | 1,052,006 | 1,283,017 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 214,134 | 260,886 | ||
| Social security | 9,448 | 25,948 | ||
| Pensions | 2i987 | |||
| Transport and Travel |
21,612 | 14,931 | ||
| Staff Recruitment | 14,723 | 6,146 | ||
| Telephone | 2,923 | 2,439 | ||
| Postage and stationery | 6,694 | 11,465 | ||
| Volunteer and Speakers |
Expense | 4,163 | 5,094 | |
| Sundries | 12/93 | 4,100 | ||
| Consultant tk Professional |
fees | 65,185 | 81,294 | |
| Local projects | 390406 | 412,600 | ||
| Grants payable | 10@00 | 20,176 | ||
| Human Resources Costs | 118,145 | 107,387 | ||
| 872,913 | 952,466 |
| FORTHE YEAR ENDE | D 31MARCH 2023 | |
|---|---|---|
| 31.3.23 | 31.3.22 | |
| E | ||
| Support costs | ||
| Management | ||
| Rent and Rates | 31,996 | 34,806 |
| Insurance | 9,148 | 12,554 |
| Light and heat | 6,937 | 5,723 |
| Telephone | 8,794 | 12,198 |
| Postage and stationery | 10,201 | 7,85] |
| Bad Debts | 113 | |
| Sundries | 5,531 | 2,164 |
| Canteen and Cleaning | 23,404 | 11,990 |
| Subscriptions | 3,520 | 5,524 |
| Advertising | 27,306 | 13,928 |
| Repairs and Renewals | 49,899 | 22,016 |
| Training and Welfare |
4,018 | 3,198 |
| 180,754 | 132,065 | |
| Finance | ||
| Wages | 23,313 | 33,524 |
| Pensions | 11,276 | 9,727 |
| Volunteer and Speakers Expense |
50 | |
| Meeting Expenses | 1,315 | 2,563 |
| Bank charges | 796 | 835 |
| Big Local Admin Fees | 42,719 | 54,984 |
| 79,469 | 101,633 | |
| Other | ||
| Computer Equip- Depreciation |
2,734 | 3,417 |
| Governance costs |
||
| Auditors' remuneration |
7,440 | 7,322 |
| Legal fees | 13 | 10 |
| 7,453 | 7,332 | |
| Total resources expended | 1,143,323 | 1,196,913 |
| Net (expenditure)/income | (91,317) | 86,104 |