| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details | |||
| Report ofthe trustees | 2 | to | 9 | |
| Report ofthe independent auditors |
10 | to | 12 | |
| Statement offinancial activities | 13 | |||
| Statement offinancial position | 14 | |||
| Statement ofcash flows | 15 | |||
| Notes to the financial stateiuents | 16 | to | 23 | |
| Detailed statement offinancial | activities | 24 | to | 25 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | g | ||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 187,639 | 114,473 | 302,112 | 355,932 | ||
| Charitable | activities | ||||||
| Community | centre and | playscheme | 15,300 | 15,300 | 15,300 | ||
| Other trading activities | 15,379 | 15,379 | 4,020 | ||||
| Investment | income | 5 | |||||
| Total | 218,318 | 114,473 | 332,791 | 375,257 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Community | centre and | playscheme | 195,641 | 145,342 | 340,983 | 361,814 | |
| NET INCOME/(EXPENDITURE) | 22,677 | (30,869) | (8,192) | 13,443 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward |
61,452 | 98,585 | 160,037 | 146,594 | ||
| TOTAL FUNDS CARRIED FORWARD | 84,129 | 67,716 | 151,845 | 160,037 |
| STATEME | NT OF FINANCIAL PO 31STMARCH 2023 |
SITION | |
|---|---|---|---|
| Notes | 2023I | 2022I | |
| FIXEDASSETS | |||
| Tangible assets | 7,283 | 3,300 | |
| CURRENT ASSETS | |||
| Debtors | 12 | 71,525 | 73,425 |
| Cash at bank | 99,868 | 135,253 | |
| 171,393 | 208,678 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (10,497) | (10,119) |
| NKT CURRENT ASSETS | 160,896 | 198,559 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 168,179 | 201,859 | |
| ACCRUALS AND DEFERRED INCOME | 14 | (16,334) | (41,822) |
| NET ASSETS | 151,845 | 160.037 | |
| FUNDS | 16 | ||
| Unrestricted funds |
84,129 | 61,452 | |
| Restricted funds |
67,716 | 98,585 | |
| TOTAL FUNDS | 151,845 | 160,037 |
| STATEMENT OF | CASH FLOWS | ||||
|---|---|---|---|---|---|
| FORTHE YEAR ENDED 31STMARCH 2023 | |||||
| 2023 | 2022 | ||||
| Notes | g | ||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
18 | (29,385) | 41,660 | ||
| Net cash (used in)/provided | by operating | activities | (29,385) | 41,660 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(6,000) | ||||
| Interest received | |||||
| Net cash (used in)/provided | by investing | activities | (6,000) | ||
| Change in cash and cash equivalents |
in | ||||
| the reporting period |
(35,385) | 41,665 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reportiag |
period | 135,253 | 93,588 | ||
| Cash and cash equivalents | at the | end | of | ||
| the reporting period |
99,868 | 135,253 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| g | ||||||
| Donations | 2,593 | 4,617 | ||||
| L.BCamden - Youth Service Grant | 18,000 | 18,000 | ||||
| LBCamden Strategic Partner |
85,000 | 85,000 | ||||
| Maiden Lane Estate S106Contribution | 58,125 | 108,125 | ||||
| L.BCamden- Early Years Free | Entitlement | 56,669 | 50,420 | |||
| LBCamden - Recovery Grant | 22,000 | 10,005 | ||||
| Young Camden | Foundation | 3,882 | 45,274 | |||
| Greater London | Authority | 38,348 | 25,491 | |||
| Food Bank | 4,000 | |||||
| OMD Community Partnership |
Team | 5,000 | ||||
| LBCamden —costofliving |
17,495 | |||||
| 302,112 | 355,932 | |||||
| 3. | OTHER TRADING ACTIVITIES | |||||
| 2023 | 2022 | |||||
| Hall hire | 10,645 | 4,020 | ||||
| Children's Fees |
4,734 | |||||
| 15,379 | 4,020 | |||||
| 4. | INVESTMKNT | INCOME | ||||
| 2023 | 2022 | |||||
| g | ||||||
| Deposit account | interest | |||||
| INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2023 | 2022 | |||||
| Activity | ||||||
| LB Camden Grounds | ||||||
| Maintenance | Community | centre and playscheme | 15,300 | 15,300 | ||
| 6. | CHARITABLE | ACTIVITIES COSTS | ||||
| Direct | ||||||
| Costs (see | ||||||
| note 7) | ||||||
| g | ||||||
| Community centre and playscheme |
340,983 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Staffcosts | 275,145 | 258,599 | |||||
| Business rates & | water rates | 2,202 | 4,454 | ||||
| Insurance | 3,796 | 4,073 | |||||
| Light &heat | 10,374 | 10,173 | |||||
| Telephone | 1,807 | 6,828 | |||||
| Printing, postage, |
stationery, & | telecommunications | 4,678 | 1,822 | |||
| Centre activities | 288 | 2,729 | |||||
| Repairs &maintenance | 2,060 | 1,700 | |||||
| Maiden Lane Pre-school expe | nses | 1,746 | 2,838 | ||||
| Pre-school equipment | 348 | 1,179 | |||||
| Pathways disbursements |
28,963 | ||||||
| Cleaning &sanitation | 792 | 3,264 | |||||
| Subscription &DBScheck | 1,083 | 883 | |||||
| Audit fees | 4,800 | 4,800 | |||||
| Professional services |
285 | 9,063 | |||||
| Training | 677 | 480 | |||||
| Bank charges | 3 | 91 | |||||
| Food Bank | 1,410 | 4,096 | |||||
| Girls Glow Costs | 5,648 | 4,201 | |||||
| Youth Expenses | 394 | 218 | |||||
| Miscellaneous Expenses |
3,442 | 1,527 | |||||
| Security Costs | 1,078 | ||||||
| S106Grant | 6,200 | 5,335 | |||||
| Small equipment | purchases | 120 | 3,838 | ||||
| HAF expenditure | 5,585 | ||||||
| Community support |
grant | 5,005 | |||||
| Depreciation | 2,017 | 660 | |||||
| 340,983 | 361,814 | ||||||
| NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is stated aher charging/(crediting): | ||||||
| 2023 | 2022 | ||||||
| 8 | |||||||
| Depreciation -owned assets |
2,017 | 661 |
| 2023 | 2022 | ||
|---|---|---|---|
| Wages | and salaries | 252,015 | 235,594 |
| Social | security costs | 13,347 | 15,717 |
| Other | pension costs | 9,783 | 7,288 |
| 275,145 | 258,599 |
| The average monthly number ofemployees during |
the year was as follows: | |
|---|---|---|
| 2023 | 2022 | |
| Project worker | 6 | 6 |
| Core worker | 17 | 10 |
| 23 | 16 |
| Fixtures | ||||||
|---|---|---|---|---|---|---|
| Plant | and | and | Motor | Computer | ||
| machinery | fittings | vehicles | equipment | Totals | ||
| g | g | g | g | |||
| COST | ||||||
| At 1stApril 2022 | 20,974 | 35,464 | 6,243 | 62,681 | ||
| Additions | 6,000 | 6,000 | ||||
| At 31stMarch 2023 | 20,974 | 35,464 | 6,000 | 6,243 | 68,681 | |
| DEPRECIATION | ||||||
| At 1st April 2022 | 20,972 | 33,089 | 5,320 | 59,381 | ||
| Charge for year | 286 | 1,500 | 231 | 2,017 | ||
| At 31stMarch 2023 | 20,972 | 33,375 | 1,500 | 5,551 | 61,398 | |
| NET BOOK VALUE | ||||||
| At 31stMarch 2023 | 2 | 2,089 | 4,500 | 692 | 7,283 | |
| At 31stMarch 2022 | 2 | 2,375 | 923 | 3,300 | ||
| DEBTORS:AMOUNTS | FALLING DUE | WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||||
| Other debtors | 69,600 | 73,425 | ||||
| Prepayments | 1,925 | |||||
| 71,525 | 73,425 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| g | |||||||
| Social security and other | taxes | 5,697 | 5,319 | ||||
| Accrued expenses | 4,800 | 4,800 | |||||
| 10,497 | 10,119 | ||||||
| 14. | ACCRUALS AND DEFERRED INCOME | ||||||
| 2023 | 2022 | ||||||
| g | g | ||||||
| Accruals and deferred | income | 16,334 | |||||
| Greater London Authority— | |||||||
| Young Londoners | 15,940 | ||||||
| LBCamden —Community |
Impacts | ||||||
| - (RF/PaNDF) | 22,000 | ||||||
| Young Camden Foundation- | |||||||
| Heads Up | 3,882 | ||||||
| 16,334 | 41,822 | ||||||
| 15. | ANALYSIS OF NET | ASSETSBETWEEN | FUNDS | ||||
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| 8 | |||||||
| Fixed assets | 1,867 | 5,416 | 7,283 | 3,300 | |||
| Current assets | 88,508 | 82,885 | 171,393 | 208,678 | |||
| Current liabilities | (6,246) | (4,251) | (10,497) | (10,119) | |||
| Accruals and deferred | income | (16,334) | (16,334) | (41,822) | |||
| 84,129 | 67,716 | 151,845 | 160,037 | ||||
| 16. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.22 | in funds | 31.3.23 | |||||
| g | g | g | |||||
| Unrestricted funds |
|||||||
| General fund | 61,452 | 22,677 | 84,129 | ||||
| Restricted funds | |||||||
| Restricted fund |
98,585 | (30,869) | 67,716 | ||||
| TOTAL FUNDS | 160,037 | (8,192) | 151,845 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund | 218,318 | (195,641) | 22,677 | |||
| Restricted funds |
||||||
| Restricted fund |
114,473 | (145,342) | (30,869) | |||
| TOTAL FUNDS | 332,791 | (340,983) | (8,192) | |||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.4.21 | in funds | 31.3.22 | ||||
| g | ||||||
| Unrestricted | funds | |||||
| General fund |
23,428 | 38,024 | 61,452 | |||
| Restricted funds | ||||||
| Restricted fund |
123,166 | (24,581) | 98,585 | |||
| TOTAL FUNDS | 146,594 | 13,443 | 160,037 | |||
| Comparative | net movement | in | funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| g | 8 | |||||
| Unrestricted | funds | |||||
| General fund | 194,062 | (156,038) | 38,024 | |||
| Restricted funds | ||||||
| Restricted fund |
181,195 | (205,776) | (24,581) | |||
| TOTAL FUNDS | 375,257 | (361,814) | 13,443 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| g | ||||
| Unrestricted | funds | |||
| General fund | 23,428 | 60,701 | 84,129 | |
| Restricted funds | ||||
| Restricted fund |
123,166 | (55,450) | 67,716 | |
| TOTAL FUNDS | 146,594 | 5,251 | 151,845 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| g | g | ||
| Unrestricted funds |
|||
| General fund |
412,380 | (351,679) | 60,701 |
| Restricted funds | |||
| Restricted fund |
295,668 | (351,118) | (55,450) |
| TOTAL FUNDS | 708,048 | (702,797) | 5,251 |
| 18. | RECONCILIATION | OF | NET (EXPENDITURE)/INCOME | NET (EXPENDITURE)/INCOME | NET (EXPENDITURE)/INCOME | TO NET CASH | FLOW FROM | |
|---|---|---|---|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||||||
| 2023 | 2022 | |||||||
| g | ||||||||
| Net (expenditure)/income | for the reporting | period (as per the | ||||||
| Statement offinancial | activities) | (8,192) | 13,443 | |||||
| Adjustments for: |
||||||||
| Depreciation charges |
2,017 | 661 | ||||||
| Interest received | (5) | |||||||
| Decrease/(increase) in |
debtors | 1,900 | (55'/) | |||||
| (Decrease)/increase in |
creditors | (25,110) | 28,118 | |||||
| Net cash (used in)/provided | by operations | (29,385) | 41,660 | |||||
| 19. | ANALYSIS OF CHANGES | IN NKT FUNDS | ||||||
| At 1.4.22 | Cash flow | At 31.3.23 |
| Net cash | |||
|---|---|---|---|
| Cash at bank | 135,253 | (35,385) | 99,868. |
| 135,253 | (35,385) | 99,868 | |
| Total | 135,253 | (35,385) | 99,868 |
| FOR THK Y | EAR ENDED 31STM | ARCH 2023 | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| f. | g | g | ||||
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies |
||||||
| Donations | 2,593 | 2,593 | 4,617 | |||
| L.BCamden - Youth | Service Grant | 18,000 | 18,000 | 18,000 | ||
| LBCamden Strategic |
Partner | 85,000 | 85,000 | 85,000 | ||
| Maiden Lane Estate S106Contribution | 58,125 | 58,125 | 108,125 | |||
| L.BCamden- Early Years Free |
Entitlement | 56,669 | 56,669 | 50,420 | ||
| L.BCamden —Recovery Grant |
22,000 | 22,000 | 10,005 | |||
| Young Camden Foundation |
3,882 | 3,882 | 45,274 | |||
| Greater London Authority | 38,348 | 38,348 | 25,491 | |||
| Food Bank | 4,000 | |||||
| OMD Community Partnership |
Team | 5,000 | ||||
| LBCamden - cost of | living | 17,495 | 17,495 | |||
| 187,639 | 114,473 | 302,112 | 355,932 | |||
| Other trading activities |
||||||
| Hall hire | 10,645 | 10,645 | 4,020 | |||
| Children's Fees |
4,734 | 4,734 | ||||
| 15,379 | 15,379 | 4,020 | ||||
| Investment income |
||||||
| Deposit account interest | ||||||
| Charitable activities |
||||||
| LB Camden Grounds |
Maintenance | 15,300 | 15,300 | 15,300 | ||
| Total incoming resources | 218,318 | 114,473 | 332,791 | 375,257 | ||
| EXPENDITURE | ||||||
| Charitable activities |
||||||
| Wages | 141,890 | 110,125 | 252,015 | 235,594 | ||
| Social security | 7,474 | 5,873 | 13,347 | 15,717 | ||
| Pensions | 5,478 | 4,305 | 9,783 | 7,288 | ||
| Business rates &water rates | 2,202 | 2,202 | 4,454 | |||
| Insurance | 3,796 | 3,796 | 4,073 | |||
| Light &heat | 10,374 | 10,374 | 10,173 | |||
| Telephone | 1,807 | 1,807 | 6,828 | |||
| Printing, postage, stationery, & |
||||||
| telecommunications | 4,678 | 4,678 | 1,822 | |||
| Centre activities | 288 | 288 | 2,729 | |||
| Repairs &maintenance | 2,060 | 2,060 | 1,700 | |||
| Maiden Lane Pre-school expenses | 1,746 | 1,746 | 2,838 | |||
| Pre-school equipment |
348 | 348 | 1,179 | |||
| Carried forward | 182,141 | 120,303 | 302,444 | 294,395 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| g | g | ||||||
| Charitable | activities | ||||||
| Brought forward | 182,141 | 120,303 | 302,444 | 294,395 | |||
| Pathways disbursements |
28,963 | ||||||
| Cleaning & | sanitation | 792 | 792 | 3,264 | |||
| Subscription | &DBScheck | 1,083 | 1,083 | 883 | |||
| Audit fees | 4,800 | 4,800 | 4,800 | ||||
| Professional | services | 285 | 285 | 9,063 | |||
| Training | 677 | 677 | 480 | ||||
| Bank charges | 3 | 91 | |||||
| Food Bank | 1,410 | 1,410 | 4,096 | ||||
| Girls Glow | Costs | 5,648 | 5,648 | 4,201 | |||
| Youth Expenses | 394 | 394 | 218 | ||||
| Miscellaneous Expenses |
3,442 | 3,442 | 1,527 | ||||
| Security Costs | 1,078 | 1,078 | |||||
| S106Grant | 6,200 | 6,200 | 5,335 | ||||
| SmaB equipment | purchases | 120 | 120 | 3,838 | |||
| HAF expenditure | 5,585 | 5,585 | |||||
| Community | support grant | 5,005 | 5,005 | ||||
| Depreciation | oftangible | fixed assets | 2,017 | 2,017 | 660 | ||
| 195,641 | 145,342 | 340,983 | 361,814 | ||||
| Total resources expended | 195,641 | 145,342 | 340,983 | 361,814 | |||
| Net income | 22,677 | (30,869) | (8,192) | 13,443 |