OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Page
Report ofthe Trustees 1 to 4
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements 10 to 17

31.3.21 31.3.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 32,945 32,945 42,354
Charitable activities
Charitable activities 264,192 256,901 521,093 452,222
Investment income 1,779 1,779 2,804
Total 298,916 256,901 555,817 497,380
EXPENDITURE ON
Charitable activities
Charitable activities 228,319 245,363 473,682 525,528
NET INCOME/(EXPENDITURE) 70,597 11,538 82,135 (28,148)
Transfers between funds 12,903 (12,903)
Net movement
in funds		 83,500 (1,365) 82,135 (28,148)
RECONCILIATION OFFUNDS
Total funds brought forward 203,699 63,510 267,209 295,357
TOTAL FUNDS CARRIED FORWARD 287,199 62,145 349/44 267,209
31M arch 2021
31.3.21 31.3.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes
FIXEDASSETS
Tangible assets 10,607 2/93 13,000 14,458
CURRENT ASSETS
Debtors 12 33,586 33,586 31,533
Investments 13 100,000 100,000 175,000
Cash at bank and in hand 184,650 97,488 282,138 116,473
318,236 97,488 415,724 323,006
CREDITORS
Amounts
falling due within one year		 14 (41,644) (37,736) (79,380) (70,255)
NET CURRENT ASSETS 276,592 59,752 336,344 252,751
TOTAL ASSETSLESSCURRENT
LIABILITIES 287,199 62,145 349/44 267,209
NET ASSETS 287,199 62,145 349,344 267,209
FUNDS 16
Unrestricted
funds		 287,199 203,699
Restricted funds 62,145 63,510
TOTAL FUNDS 349,344 267,209
Sycamore Trust U.K.
Cash Flow Statement
for the Year Ended 31March 2021
31.3.21 31.3.20
Notes
Cash flows from operating activities
Cash generated
from operations		 91,354 (24,458)
Net cash provided
by/(used		 in) operating activities 91,354 (24,458)
Cash flows from investing activities
Purchase oftangible fixed assets (3,156) (14,726)
Interest received 2,467 2,646
Released from term bank deposits 75,000
Net cash provided
by/(used		 in) investing activities 74,311 (12,080)
Change in cash and cash equivalents in
the reporting
period		 165,665 (36,538)
Cash and cash equivalents at the
beginning ofthe reporting period 116,473 153,011
Cash and cash equivalents at the end of
the reporting
period		 282,138 116,473

OPERATING A CTIVITI E S
31.3.21 31.3.20
Net income/(expenditure) for the reporting period (as per the
Statement ofFinancial Activities) 82,135 (28,148)
Adjustments
for:
Depreciation
charges		 4,614 5,615
Interest received (2,467) (2,646)
(Increase)/decrease in debtors (2,899) 21,874
Increase/(decrease) in creditors 9,971 (21,153)
Net cash provided by/(used in) operations 91,354 (24,458)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At31.3.21
Net cash
Cash at bank and in hand 116,473 165,665 282,138
116,473 165,665 282,138
Liquid resources
Deposits included in cash
Current asset investments 175,000 (75,000) 100,000
175,000 (75,000) 100,000
Total 291,473 90,665 382,138

2. DONATIONS
AND LE		 GAC IES
31.3.21 31.3.20
Donations 17,936 13,116
Subscriptions 1,795 2,850
Donated services &facilities - holiday 8,690 8,402
Other income 419 4,214
Leisure activities 105 7,120
Contributions
to client holidays		 4,000 5,652
Rent income 1,000
32,945 42,354
3. INVESTMENT INCOME
31.3.21 31.3.20
Deposit account interest 1,779 2,804
4. INCOME FROM CHARITABLE ACTIVITIES
31.3.21 31.3.20
Activity
Support work Charitable activities 13,477 38,513
Grants Charitable activities 507,616 413,709
521,093 452,222
Grants received, included in the above, are as follows:
31.3.21 31.3.20
City Bridge Trust 52,500 43,275
Jack Petchey 2,250 2,250
London Borough ofBarking &Dagenham 55,598 55,598
London Borough ofHavering 80,000 80,000
London Borough ofRedbridge 5,000 10,000
Ford ofBritain Trust 1,500
Awards for All 4,058
National
Lottery Grant		 79,688 79,236
Glynn Hopkin 6,755
BBCChildren
in Need		 43,810 40,035
Greater London Authority - Young Londoners 46,900 46,900
National
Lottery Grant (Capital		 Grant) 15,000
Social enterprise 21,052
Tudor Trust -Girls' Autism 16,500 4,833
LBBD- early years 4,717 4,717
Youth London Summer Innovation 3732
Countryside
Youth Equipment		 6,804
Covid grants 108,617
507,616 413,709

Support
Direct costs (see
Costs note 6) Totals
Charitable
activities		 469,788 3,894 473,682
6. SUPPORT COSTS
Governance
costs
Charitable
activities		 3„894
Support costs, included in the above, are as follows:
GOVERNANCE COSTS
31.3.21 31.3.20
Charitable Total
activities activities
Accountancy and legal fees 2,820 2,820
Subscriptions 1,074 1,074
3,894 3,894
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21 31.3.20
Depreciation - owned assets 4,614 5,615
Other operating
leases		 33,521 35,001
Independent examination 2,820 2,820

STAFFCOSTS
31.3.21 31.3.20
Wages and salaries 340,791 354,122
Social security costs 21,286 22,560
Other pension costs 11,599 11,113
373,676 387,795
31.3.21 31.3.20
Chief executive 1 1
Direct charitable work 33 33
34 34
No employees
received		 emoluments in excess ofF60,000.
10. COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 42,354 42,354
Charitable
activities
Charitable
activities		 181,210 271,012 452,222
Investment
income		 2,804 2,804
Total 226,368 271,012 497,380
EXPENDITURE ON
Charitable
activities
Charitable
activities		 237,968 287,560 525,528
NET INCOME/(EXPENDITURE) (11,600) (16,548) (28,148)
RECONCILIATION OF FUNDS
Total funds brought forward 215,299 80,058 295,357
TOTAL FUNDS CARRIED FORWARD 203,699 63,510 267,209

11. TANGIBLE FIXEDASSETS
Plant and
machinery
COST
At 1 April 2020 80,817
Additions 3,156
At 31March 2021 83,973
DEPRECIATION
At 1 April 2020 66,359
Charge for year 4,614
At 31March 2021 70,973
NET BOOKVALUE
At 31March 2021 13,000
At 31March 2020 14,458
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
Trade debtors 10,787 17,436
Prepayments and accrued income 22,799 14,097
33,586 31,533
13. CURRENT ASSETINVESTMENTS
31.3.21 31.3.20
Cash held on deposit bonds 100,000 175,000
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
Trade creditors 20,506 11,615
Social security and other taxes 6,361
Other creditors 1,374
Accruals and deferred income 57,500 52,279
79,380 70,255
31.3.21 31.3.20
Within one year 14,166 16,350
16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
Unrestricted
funds
General fund 203,699 70,597 12,903 287,199
Restricted funds
Restricted
funds		 63,510 11,538 (12,903) 62,145
TOTALFUNDS 267,209 82,135 349,344
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 298,916 (228,319) 70,597
Restricted funds
Restricted funds 256,901 (245,363) 11,538
TOTALFUNDS 555,817 (473,682) 82,135

Net
movement At
At 1.4.19 in funds 31.3.20
Unrestricted
funds
General fund 215,299 (11,600) 203,699
Restricted funds
Restricted funds 80,058 (16,548) 63,510
TOTAL FUNDS 295,357 (28,148) 267,209
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 226,368 (237,968) (11,600)
Restricted
funds
Restricted funds 271,012 (287,560) (16,548)
TOTAL FUNDS 497,380 (525„528) (28,148)
Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.21
Unrestricted
funds
General fund 215,299 58,997 12,903 287,199
Restricted funds
Restricted funds 80,058 (5,010) (12,903) 62,145
TOTAL FUNDS 295,357 53,987 349,344

Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 525,284 (466,287) 58,997
Restricted funds
Restricted funds 527,913 (532,923) (5,010)
TOTALFUNDS 1,053,197 (999,210) 53,987