2022-03-31-accounts

		Pacaee
Directors' and Trustees'	Report	2 —14
Report ofthe Independent	Examiner	15
Statement of Financial Activities		16
Balance Sheet		17
Notes to the Financial Statements		18-29

The Trustees	The Trustees	The Trustees	have identified	have identified	the major risks to which the charity is exposed and	believe that	the	systems	in place are
adequate	to mitigate			those risks. The charity's Organisational Risk Assessment		is reviewed	regularly.
REFERENCE			AND	ADMINISTRATIVE DETAILS
Company		Number:			04715685
Charity Number:					1108521
Trustees:					Rebecca Levene —Chair (appointed 9th November 2021)
					Kim Hagiday —Convenor, Finance Sub Committee
					Vaibhav Negi —Convenor, Strategy Sub Committee
					Helen Mitcheg —Convenor, HR Sub Committee
					Heather Johnson
					Ross Houston
					Mark Ross
					Celina Ho
					Andrea Garford-Tut
					Oluwafela Felix Ajayi Peter Brotherton (Appointed 13eJuly 2021) Sujatha Senaratne (Appointed 8" March 2022) Elizabeth Anderson (Resigned 2~ June 2021)
					Sera Baartman (Resigned 8a March 2022)
Secretary:					Ross Houston
Senior Management				Team:	Tony Bloor- Manager
Registered		Offic:			Third Age Project Cumberland Market, Regents	Park Estate,
					London, England, NW1 3RH
Independent			Examiner:		David Terry —Chartered Accountant
					Ramon Lee Ltd, 93Tabernacle Street, London	EC2A 4BA
Bankers:					NatWest Bank Pic, 45Tottenham Court Road,	London W1T 2EA
					CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill,	West Maging,		Kent ME194JQ

				Notes	Unrestricted	Restricted	2022	2021
					Funds	Funds
						E
Income
Donations					53,475	25,000	78,475	72,407
Income from	charitable	activities			19,950	146,044	165,994	181,613
Total income					73,425	171,044	244,469	254,020
Expenditure
Raising funds					5,384		5,384
Expenditure	on charitable		activities		37,718	127,662	165,380	175,055
Total expenditure					43,102	127,662	170,764	175,055
Net Income/(	expenditure)		and net
movement In	funds for the		year		30,323	43,382	73,705	78,965
Reconciliation	offunds
Total funds, brought forward					208,742	25,618	234,360	155,395
Total funds,	carried forward				239,065	69,000	308,065	234,360

DONATIONS
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
				E		8
British Land Company Pic.				10,404		10,404	10,000
L.B.Camden - Strategic	Partner				25,000	25,000	25,000
L.B.Camden - Business	Covid		Grant	16,000		16,000	30,143
Francis Salway Endowement		Fund (LCF)		5,000		5,000
Masonic Charitable Foundation				5,000		5,000
The Regents Place Community			Fund	9,077		9,077
Membership Subscriptions				2,300		2,300	156
Other Donations				3,694		3,694	3,108
Donated services				2,000		2,000	4,000
				53,475	25,000	78,475	72,407

INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	ACTIVITIES
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
				f		f	f
Social activities and classes
Age UK Camden - Aging	Better				35,043	35,043	41,250
Age UK Camden - Men's	Project				7,500	7,500	10,000
British Land Company Pic.							500
Camden Giving —Connecting		Older
People Together					22,466	22,466	29,955
Camden Giving —Covid Fund							5,000
Camden Giving - Men's Project							6,000
Edward Harvist Fund							5,000
Gordon Family Fund					9,000	9,000	9,000
L BCamden - Community	infrastrucrure
Levy Fund							10,429
The Henry Smith Charity					40,000	40,000
The London Community	Foundation						9,979
The Mercers' Company					30,000	30,000
The National Lottery Community			Fund				29,106
The Regents Place Community		Fund					7,500
UCL —Apple Tree Study					2,035	2,035	2,954
Other Donations							150
Donated Services				19,950		19,950	14,790
				19,950	146,044	165,994	181,613

ANALYSIS	OF EXPEND	ITUR	E
						Raising			Social Activities			Total	Total
						Funds				&Classes		2022	2021
								f		f		8	6
Staff Costs							3,671			66,074		69,746	65,311
Other Direct	Project Costs									46,695		46,695	60,456
Support Costs (Note 5)							1,648			50,635		52,283	45,488
Governance	Costs (Note	5)						64		1,976		2,040	3,800
							5,384			165,380	170,764		175,055
Of the 6170,764 expenditure			in 2022 (2021			- f175,055),			f43,102 was charged		to unrestricted		funds (2021
646,250) and 6127,662		to restricted			funds (2021		—8128,805),
ANALYSIS	OF SUPPORT AND			GOVENANCE COSTS
The Charity	initially identifies		the	costs of its		support functions.				It then identifies	those	costs which relate to the
governance function. Governance costs and activity undertaken (see note 4) in the year.						other		support	costs are allocated		to the	Charity's	sole charitable
							Support			Governance		Total	Total
								Costs		Costs		2022	2021
								f					6
Office and administration		staff						3,671				3,671
Premises costs								26,267				26,267	21,854
Communication costs								4,258				4,258	2,386
Insurance								2,007				2,007	1,908
Professional	costs							2,160				2,160	4,349
Other office	costs							937				937	4,612
Depreciation								12,983				12,983	12,379
Independent	examiner's	fee								2,040		2,040	1,800
								52,283		2,040		54,323	49,288
NET INCOME/(EXPENDITURE)				FOR THE YEAR
											2022		2021
											6
Net movement in funds		is shown			after charging:
Independent	examiner's	fees									2,040		1,800
Depreciation										12,983			12,379

		2022	2021
		6	f
STAFF	COSTS
Salaries		53,016	49,121
Redundancies		1,302
National	Insurance	78
Pension		560	1,655
Seconded Staff		18,461	14,536
		73,417	65,312

							2022	2021
							f	f
	NET BOOK VALUES
	Short leasehold		improvements				40,866	47,318
	Furniture	and equipment					3,109	1,136
	Computer	and	equipment				7,743	12,238
							51,718	60,692
	MOVEMENTS		IN YEAR
	Cost or valuation				Opening			Closing
					Balances	Additions	Dlsposals	Balances
					f	f	f	f
	Short leasehold		improvements		64,524			64,524
	Furniture	and equipment			3,331	3,111		6,442
	Computer	and	equipment		29,420	898		30,318
					97,275	4,009		101,284
	~OI	tl			Opening	Charge		Closing
					Balances	For Year	Disposals	Balances
					f	f	f	f
	Short leasehold		improvements		17,206	6,452		23,658
	Furniture	and equipment			2,195	1,138		3,333
	Computer	and	equipment		17,182	5,393		22,575
					36,583	12,983		49,566
10.	DEBTORS
							2022	2021
							f	f
	Trade debtors						6,250	1,200
	Other debtors						780
	Prepayments						989	1,018
							8,019	2,218
11.	CREDITORS:		amounts	falling due within one year
							2022	2021
								f
	Creditors						408	12,479
	Other creditors						2,418
	Accruals						2,040	2,045
	Deferred	income (Note 15)						16,489
							4,866	31,013

MOVEMENTS IN FUNDS
		Balance	Income	Expenditure	Balance
		at01.04.21			at 31.03.22
		6			6
Restricted funds:
L BCamden - Strategic partner		25,000	25,000	35,000	15,000
Social activities and c/asses
Age UK Camden —Aging Better			35,043	35,043
Age UK Camden - Men's Project			7,500	7,500
British Land Company Pic.		500		500
Camden Giving —Connecting	Older
People Together			22,466	22,466
Gordon Family Fund			9,000	9,000
The Henry Smith Charity			40,000	10,000	30,000
The Mercers' Company			30,000	6,000	24,000
The Regents Place Community	Fund	118		118
Ucl Apple-Tree Study			2,035	2,035
		25,618	171,044	127,662	69,000
Unrestricted Funds:
General Funds		208,742	73,425	43,102	239,065
		208,742	73,425	43,102	239,065
Total funds		234,360	244,469	170,764	308,065

13.	ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS									(Cont/d)
	Analysis	of fund	balances		between	net assets —previous			year
								Unrestricted			Restricted	Total
										Funds	Funds	2021
										E		f
	Tangible	fixed assets								60,692		60,692
	Net current assets								148,050		25,618	173,668
									208,742		25,618	234,360
14.	LEASE	COMMITMENTS
	The charity has operating			lease commitments			as shown	below:
											2022	2021
											E
	Within one year										15,000	15,000
	Two to five years										60,000	60,000
	Over five years										20,000	35,000
											95,000	110,000
15.	DEFERRED INCOME
											2022	2021
											6
	Balance	as at 1st	April								16,489	14,989
	Amount	released	to income		in the year						(16,489)	(14,989)
	Amount	deferred	in the year									16,489
	Balance	as at 31st March										16,489