| Page | ||||
|---|---|---|---|---|
| Report of | the Trustees | 3to 9 | ||
| Report of | the Independent | Auditors | 10to 13 | |
| Statement | ofFinancial | Activities | 14 | |
| Balance Sheet | 15 | |||
| Statement | ofCash Flows | |||
| Notes to the Financial | Statements | 17to 25 |
| REFEREN | CE AND A | DMINISTRATI | VE DETAILS |
VE DETAILS |
VE DETAILS |
|
|---|---|---|---|---|---|---|
| Registered | Company | number | 05758108{England and Wales) | |||
| Registered | Charity number | 1118543 | ||||
| Registered | office | The Platt Christian | Centre | |||
| 22 Felsham Road |
||||||
| Putney | ||||||
| London SW15 1DA | ||||||
| Trustees | Mrs M Smith MBE | FRSA | ||||
| Mr RSmith | ||||||
| Mr N Oakes | ||||||
| Ms A Bayly | —appointed | 25 October 2020 | ||||
| Ms J Przetakiewicz | —appointed | 4 June 2021 | ||||
| Ms P Siaw Dr SMorgenstern |
—appointed —resigned |
4 June 2021 27 January 2021 |
||||
| Mr C Morgenstern | —resigned | 15March 2021 | ||||
| Company | Secretary | Mrs M Smith MBE | FRSA | |||
| Auditors | Lightwater Accountants |
Limited | ||||
| 2 Quarry Bank |
||||||
| Lightwater | ||||||
| Surrey GU18 5PE |
| Unrestricted | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||
| Note | ||||||
| INCOME AND | ||||||
| ENDOWMENTS FROM |
||||||
| Donations and legacies |
39,205 | ?6,250 | 115,455 | 198,180 | ||
| Other trading activities |
17,877 | 33,789 | 51,666 | 22,002 | ||
| investments | 26,200 | 26,200 | 28,236 | |||
| Charitable activities |
38,658 | 300,250 | 338,908 | 347,005 | ||
| TOTAL | 121,94Q | 410,289 | 532,229 | 595,423 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
6-7 | 74,450 | 431,150 | 505,600 | 435,251 | |
| Other | 9 | 3,00Q | 3,000 | 3,000 | ||
| TOTAL | 77,450 | 431,150 | 5Q8,600 | 438,251 | ||
| NET | ||||||
| INCOMEl(EXPENDITURE) | 39,490 | (15,861) | 23,629 | 157,172 | ||
| Transfer between funds |
||||||
| RECONCILIATION | OF | |||||
| FUNDS | ||||||
| Total funds brought | forward | 288,598 | 308,058 | 596,656 | 439,484 | |
| TOTAL FUNDS | ||||||
| CARRIED FORWARD | 328,088 | 292,197 | 62Q,285 | 596,656 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | ||||
| FIXEDASSETS | ||||
| Tangible assets | 12 | 1,181,979 | 516,451 | |
| CURRENT ASSETS | ||||
| Debtors | 13 | 858 | ||
| Cash at bank and | in hand | 112,526 | 336,015 | |
| 112,526 | 336,873 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
14 | ~28,748 | ~8,480 | |
| NET CURRENT ASSETS | 83,778 | 328,423 | ||
| CREDITORS | ||||
| Amounts falling due after |
||||
| One year | 15 | 645,472 | ~248,218 | |
| NET ASSETS | 620,285 | 596,656 | ||
| FUNDS | ||||
| Restricted income | funds | 16 | 287,197 | 308,058 |
| Unrestricted income funds |
17 | 333,088 | 288,598 | |
| TOTAL FUNDS | 620,285 | 596,656 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | |||||||||
| Cash flows from operating | activities | ||||||||
| Cash generated from |
operations | 45,631 | 170,147 | ||||||
| Investing activities |
|||||||||
| (Purchase) oftangible | fixed assets | {686,072) | (8,300) | ||||||
| Proceeds on disposal | oftangible | ||||||||
| fixed assets | 8,500 | ||||||||
| Net cash generated investing activities |
by | i | (used | in) | (640,441) | 200 | |||
| Financing activities |
|||||||||
| (Repayment) ofbank loans Capital introduced CAF Bank |
mortgage | (258,048) 675,000 |
(5,158) | ||||||
| 416,952 | {5,158) | ||||||||
| Net cash generated |
from | I | (used | in) | |||||
| financing activities |
(223,489) | 165,189 | |||||||
| Cash and cash equivalents | at | beginning | |||||||
| ofyear | 336,015 | 170,826 | |||||||
| Cash and cash equivalents | at | end | of | ||||||
| year | 112,526 | 336,015 | |||||||
| Cash generated from |
operations | 2021 | 2020 | ||||||
| e | |||||||||
| Surplus for the year | 23,629 | 157,172 | |||||||
| Adjustments for: |
|||||||||
| Depreciation and impairment oftangible |
fixed assets | 20,544 | 11,592 | ||||||
| (Profit)/loss on sale oftangible fixed |
assets | (1,277) | |||||||
| Movements in working |
capital: | ||||||||
| Decrease/(increase) in debtors |
858 | 2,660 | |||||||
| Increase/(decrease) in creditors |
600 | ||||||||
| Cash generated from |
operations | 45,631 | 170,147 |
| Unrestricted | Restricted | Total Funds | Total Funds | Total Funds | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||||||
| F | ||||||||||
| Fundraising: | ||||||||||
| SW15 | 10,535 | |||||||||
| SW11 | 510 | |||||||||
| Nottingham | 1,567 | |||||||||
| The Platt Mission | 17,877 | 33,789 | 51,666 | 9,390 | ||||||
| 17,877 | 33,789 | 51,666 | 22,002 | |||||||
| 4. | INVESTMENT INCOME | |||||||||
| Unrestricted | Restricted | |||||||||
| Funds | Funds | 2021 | 2020 | |||||||
| E | ||||||||||
| Rental Income SW15 | 26,200 | 26,200 | 27,873 | |||||||
| Bank Interest | Receivable | 363 | ||||||||
| 26,200 | 26,200 | 28,236 | ||||||||
| 5. | INCOME | FROM CHARITABLE | ACTIVITIES | |||||||
| Unrestricted | Restricted | Total | Funds | Total | Funds | |||||
| Funds | Funds | 2021 | 2020 | |||||||
| Grants: | ||||||||||
| SW15 | ||||||||||
| Wandsworth SW11 |
Borough Council | 122,010 | 122,010 | 122,009 | ||||||
| Wandsworth | Borough Council | 102,762 | 102,762 | 102,763 | ||||||
| Activities, | Meals and Membership. | " | ||||||||
| SW15 SW11 |
38,269 389 |
75,478 | 113,747 389 |
52,568 53,696 |
||||||
| Nottingham | 14,785 | |||||||||
| The Platt Mission | 1,184 | |||||||||
| 38,658 | 300,250 | 338,908 | 347,005 | |||||||
| 6. | CHARITABLE ACTIVITIES COSTS | - BYFUND | TYPE |
| CHARITABLE ACTIV | ITIES COSTS - BYFUND T | YPE | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2021 | 2020 | |
| Statt | 6,901 | 221,498 | 228,399 | 245,429 |
| Activities | 16,614 | 147,613 | 164,227 | 112,499 |
| Support | 50,935 | 30,443 | 81,378 | 77,323 |
| 74,450 | 399,554 | 474,004 | 435,251 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||||
| Z | ||||||||
| Regenerate-Rise | SW15 | |||||||
| Staff | 123,224 | 123,224 | 123,801 | |||||
| Management | Fee | |||||||
| Activities | 14,264 | 142,873 | 157,137 | 51,967 | ||||
| Support | 42,926 | 3,141 | 46,067 | 20,067 | ||||
| 57,190 | 269,238 | 326,428 | 195,835 | |||||
| Regenerate-Rise | SW11 | |||||||
| Staff Management |
Fee | 98,274 | 98,274 | 105,758 | ||||
| Activities | 2,000 | 4,740 | 6,740 | 55,549 | ||||
| Support | 2,554 | 1,748 | 4,302 | 16,838 | ||||
| 4,554 | 104,762 | 109,316 | 178,145 | |||||
| Regenerate-Rise | Nottingham | |||||||
| Staff Management |
Fee | 6,901 | 6,901 | 15,870 | ||||
| Activities | 350 | 350 | 4,983 | |||||
| Support | 391 | 391 | 2,860 | |||||
| 7,642 | 7,642 | 23,713 | ||||||
| Regenerate-Rise-The | Piatt Mission | |||||||
| Staff | ||||||||
| Management | Fee | |||||||
| Activities | ||||||||
| Support- consultancy | and planning | fees | 25,554 | 25,554 | 3,782 | |||
| 25,554 | 25,554 | 3,782 | ||||||
| Central Support | ||||||||
| Staff Costs | ||||||||
| Support | 15,916 | 15,916 | 14,027 | |||||
| Rental expenses - flats Mortgage interest |
5,064 | 15,680 | 5,064 15,680 |
5,641 14,108 |
||||
| 5,064 | 31,596 | 36,660 | 33,?76 | |||||
| Regenerate-Rise | 74,450 | 431,150 | 505,600 | 435,251 |
| 8. | SUPPORT COSTS | |||||
|---|---|---|---|---|---|---|
| Property | Governance | |||||
| Management | Costs | Costsf | Totals | |||
| Other resources expended | 50,760 | 62,214 | 3,000 | 115,974 | ||
| 9. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated | after | ||||
| charging/(crediting): | ||||||
| 2021 | 2020 | |||||
| Auditors' remuneration |
3,000 | 3,000 | ||||
| Depreciation —owned | assets | 20,544 | 11,592 | |||
| (Profit)/loss on disposal |
oftangible | assets | {1,277) | |||
| 10. | STAFF COSTS AND | EMOLUMENTS | ||||
| Total staff costs were | as follows: | |||||
| 2021 | 2020 | |||||
| Wages and salaries | 200,574 | 220,891 | ||||
| Social security costs | 10,765 | 11,749 | ||||
| Employer pension contributions |
3,?15 | 3,698 | ||||
| 215,054 | 236,338 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | ||||||
| INCOME | 8 ENDOWMENTS FROM |
|||||||
| Donations | and legacies | 95,180 | 103,000 | 198,180 | ||||
| Other trading activities |
11,467 | 10,535 | 22,002 | |||||
| investments | 28,236 | 28,236 | ||||||
| Charitable | activities | 122,233 | 224,772 | 347,005 | ||||
| Total | 257,116 | 338,307 | 595,423 | |||||
| EXPENDITURE | ON | |||||||
| Charitable | activities | 190,028 | 245,223 | 435,251 | ||||
| Other | 3,000 | 3,QQQ | ||||||
| Total | 193,028 | 245,223 | 438,251 | |||||
| NET INCOME | 64,088 | 93,084 | 157,172 | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Transfer between | funds | |||||||
| Total funds brought | forward | 224,510 | 214,974 | 439,484 | ||||
| TOTAL FUNDS | CARRIED FORWARD | 288,598 | 308,058 | 596,656 | ||||
| 12. | TANGIBLE | FIXEDASSETS | ||||||
| Furniture | ||||||||
| Leasehold | Computer | Fixtures | Motor | |||||
| Property F |
Equipment E |
& Fittings | Vehiclesf | Total | ||||
| COST | ||||||||
| At 1 April 2020 | 533,278 | 6,982 | 41,497 | 42,745 | 624,502 | |||
| Additions | 666,364 | 1,00Q | 14,963 | 3,745 | 686,072 | |||
| (Disposals) | ||||||||
| At 31 March | 2021 | 1,199,642 | 7,982 | 56,460 | 46,490 | 1,310,574 | ||
| DEPRECIATION | ||||||||
| At 1 April 2020 Charge for the year |
36,499 15.916 |
6,810 246 |
32,899 1,266 |
31,843 3,116 |
108,051 20,544 |
|||
| (Disposals) | ||||||||
| At 31 March | 2021 | 52,415 | 7,056 | 34,165 | 34,959 | 128,595 | ||
| NET BOOK | VALUE | |||||||
| At 31 March | 2021 | 1,147,227 | 926 | 22,295 | 11,531 | 1,181,979 | ||
| At 31 March | 2020 | 496,779 | 172 | 8,598 | 10,902 | 516,451 |
| DEBTORS | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Accrued income | 858 | ||
| Prepayments | |||
| 858 | |||
| CREDITORS —Amounts | falling due within one year |
| CREDITORS —Amounts fallin |
g due within one year | |
|---|---|---|
| 2021 | 2020 | |
| Accruais Mortgage |
3,600 25,148 |
3,000 5,450 |
| 28,748 | 8,450 |
| CREDIT | OR | S — | A | mounts falling due |
after one year | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| K | ||||||
| Mortgage | due | after | 1 | year | 645,472 | 248,218 |
| Balance at | Incoming | Outgoing | Balance at | |||
|---|---|---|---|---|---|---|
| 1 Apr 2020 | resources | resources | 31 Mar 2021 | |||
| Restricted | Fund | —SW15 | 271,738 | (269,238) | 2,50Q | |
| Restricted | Fund | —SW11 | 104,762 | (104,762) | ||
| Restricted | Fund | —National | ||||
| Restricted | Fund | —The Platt | ||||
| Mission | 308,058 | 33,789 | (57,150) | 284,697 | ||
| 308,058 | 41Q,289 | (431,150) | 287,197 |
| Balance at 1 Apr 2019 f. |
Incoming resources |
Outgoing resourcesf |
Balance at 31 Mar 2020f |
||
|---|---|---|---|---|---|
| Restricted Fund —SW15 Restricted Fund —SW11 |
3,965 | 133,544 104,763 |
(133,544) (108,728) |
||
| Restricted Fund —National Restricted Fund —Nottingham |
2,951 | (2,951) | |||
| Restricted Fund —The Platt |
|||||
| Mission | 208,058 | 100,000 | 308,058 | ||
| 214,974 | 338,307 | (245,223) | 308,058 | ||
| NREST | RICTED INCOME | FUNDS | |||
| Balance at 1 Apr 2020 |
Incoming resourcesf |
Outgoing resourcesf |
Balance at 31 Iwar 2021 |
||
| General General General |
Funds SW15 Funds SW11 Funds Nottingham |
?7,737 49,595 2,235 |
53,663 4,768 6,611 |
(57,190) (4,554) (7,642) |
74,210 49,809 1,204 |
| General | Funds —The Platt | ||||
| General | Mission Funds Central |
154,046 4,985 |
56,898 | (5,064) 3,000 |
205,880 1,985 |
| 288,598 | 121,940 | (77,450) | 333,088 | ||
| Balance at 1 Apr 2019f |
Incoming resourcesf |
Outgoing resourcesf |
Balance at 31 Mar 2020 |
||
| General General General |
Funds SW15 Funds SW11 Funds Nottingham |
60,544 32,693 1,281 |
79,484 86,319 21,716 |
(62,291) (69,417) (20,762) |
77,737 49,595 2,235 |
| General | Funds —The Platt | ||||
| General | Mission Funds Central |
116,467 13,525 |
41,361 28,236 |
(3,782) (36,776) |
154,046 4,985 |
| 224,510 | 257,116 | (193,028) | 288,598 |
| ANALYSIS OF NET ASSETS BETWE | ANALYSIS OF NET ASSETS BETWE | EN FUNDS | ||
|---|---|---|---|---|
| At 31 March 2021: | Tangible | Net current | ||
| fixed assets | assets | Total | ||
| F | ||||
| Restricted Income Funds: | ||||
| Regenerate-Rise Regenerate-Rise |
SW15 SW11 |
2,500 | 2,500 | |
| Regenerate-Rise | Nottingham | |||
| Regenerate-Rise | The Piatt Mission | 97,820 | 186,877 | 284,697 |
| Restricted funds |
97,820 | 189,377 | 287,197 | |
| Unrestricted | Income Funds | 438,687 | 105,599 | 333,088 |
| Total Funds | 536,507 | 83,778 | 620,285 | |
| At 31 March 2020: | Tangible | Net current | ||
| fixed assets | assets | Total | ||
| Restricted Income Funds: | ||||
| Regenerate-Rise | SW15 | |||
| Regenerate-Rise | SW11 | |||
| Regenerate-Rise | National | |||
| Regenerate-Rise | Nottingham | |||
| Regenerate-Rise | The Piatt Mission | 118,54? | 189,511 | 308,058 |
| Restricted funds | 118,547 | 189,511 | 308,058 | |
| Unrestricted Income Funds |
149,686 | 138,912 | 288,598 | |
| Total Funds | 268,233 | 328,423 | 596,656 |