Somerville Youth & Play Provision Limited
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustee's annual report|**2-6**|
|Independent examiners' report|**7**|
|Statement of financial activities|**8**|
|Balance sheet|**10**|
|Cash flow statement|**11**|
|Notes to the financial statements|**13-18**|
Somerville Youth & Play Provision Limited
|**Charity number**|1121081|
|---|---|
|**Company registration number**|5970025|
|**Registered office**|260 Queens Road|
||New Cross|
||London|
||SE14 5JN|
|**Trustees**|Carly Newman|
||Nikki Hewson|
||June Cummings|
||Sue Amaradivakara|
||Angela Morris|
||Lisa Blackford|
||Juliana Martin|
||Kathleen Faragher|
||Jacqui Shimidzu|
||Ruth Spencer|
|**Accountants**|PPS Accountants|
||11 Farnes Court Worksop|
||Nottinghamshire S81 0LZ|
|**Bankers**|Barclays Bank PLC|
Page 1
## **Report of the trustees (incorporating the director's report) for the year ended 31 March 2021**
## **Objectives and Activities**
The charity carries out a variety of activities in pursuance of its charitable aims. The trustees consider that these activities (mentioned below), provide benefit to those who make use of SYPP facilities and the wider community:
(a) To provide and/or assist in the provision of facilities for recreation and other leisure-time occupation for children, particularly (though not exclusively) those who are resident in the New Cross and surrounding area of the London Borough of Lewisham, being facilities:
i) of which such children have need of such facilities by reason of their youth or social and economic circumstances; and
ii) which will improve the conditions of life for such children by promoting their physical, mental and spiritual well-being.
(b) To further or benefit the residents of areas where the Charity is active, without distinction of gender, sexual orientation, race or political, religious or other opinions, by associating together the said residents and local authorities, voluntary and other organisations in a common effort to advance education, to relieve poverty and need, and to provide facilities in the interests of social welfare for recreation and leisure time time occupation with the objective of improving the conditions of life for the residents.
## **Ensuring our work delivers our aims**
We review our aims, objectives and activities each year. This review looks at what we achieved and the the outcomes of our work in the previous year. Part of this review is the monitoring of the feedback forms from user groups which we have acted upon and started delivering new activities and programmes. This review helps us to ensure that our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
## **Structure, governance and management**
Members of the Executive Committee are the trustees of Somerville Youth & Play Provision and are local residents and professionals with a variety of skills and interests. They are committed to the future and the ethos of the organisation and ensure the organisation is run to a high standard. The trustees are appointed annually at the AGM by the members of FOSYPP (Friends of Somerville Youth & Play Provision). The Board of Trustees meet as a body usually six times per annum. The operations of the Charity are run by the Director (B Cummings) who is responsible for the day to day running of the charity including it's administration, financial management, staffing, service delivery, resources, equipment and fundraising activities. He reports to the Board of Trustees at every meeting with detailed Directors report and financial statements thus ensuring that Board members are kept up to date with all relevant information. The committee assess their skills annually, and co-opt new members if needed to ensure that the following skills, knowledge or backgrounds are represented:
- Provision of services for children and young people
- Business and finance
- Fundraising and charity management
- Community and parent engagement, which reflects the ethnic makeup of our community
Page 2
## **Report of the trustees (incorporating the director's report) for the year ended 31 March 2021**
## **Achievements and performance**
Due to COVID-19 and government restrictions our services this year like other Charities nationally and internationally have either been restricted, were not able to deliver some services or have had to do things differently to meet the emerging needs surrounding the pandemic. Our online database has proven very successful and continues to make it more effective for our staff to administer on a daily basis and a lot easier for the organisation to report to its grant funders.By the 31st March 2021 we had 147 children and young people attend our services throughout the year, this is much lower than normal, however it was mainly due to pandemic and restricted services.We continue to have a very mixed demographic of attendees, with 40% Black/Black British, 19% White British/European and 14% Mixed ethnicity. 27% preferred not to say.
## **The Blue Youth and Community Centre**
Our Bermondsey site was open for a short period of time before being forced to close
## **Adventure playground (Youth work)**
We continued the delivery of our Youth Club evenings per week and the activities include: cooking sessions, table tennis and pool, IT coding, arts and crafts, carpentry, sports i.e. Boxing, team building activities, exploring young people’s entrepreneurial skills and sports sessions which has led to us attending a variety competition. The targeted awareness workshops include: i.e. debates and discussions on issues affecting young people today for example, gang and knife crime, sexual health and through the use of virtual babies, giving young people an understanding of the commitments and responsibilities involved when having a child. As well as a variety of intergenerational projects with other community groups. Our services were available online on zoom for weekly group sessions and or via our social media platforms.
## **Future Talents**
This project was for a fixed period of time and successfully came to an end.
## **Duke of Edinburgh awards**
The Duke of Edinburgh (DofE) awards scheme is aimed at school year 9 and above which we have been providing in house has been going well. There are 3 levels to the programme which are bronze, silver & gold. Unfortunately, we were unable to successfully complete the expedition part of this programme. However, 5 young people achieved their Bronze award and 8 achieved their Silver award.
## **Southwark outreach programme**
The detached outreach project, which is designed to tackle issues relating to knife and gang crime amongst young people, through the deployment of specialist youth workers on local estates, streets and other hot spots known for antisocial behaviour and/or crime, with the aim of engaging with young people at risk, providing a range of ‘pop up’ activities to young people to identify their interests. Followed by signposting the young people to other youth support services or activities of interest available to them locally. Funding for this project will end on 31st March 2021.
Fortunately, we were able to carry out some outreach activities during the pandemic as most of the project activities took place in outdoor spaces, making it easier for our activities to be delivered safely.
Page 3
## **Report of the trustees (incorporating the director's report) for the year ended 31 March 2021**
## **COVID Food parcels**
During the pandemic,we were able to distribute weekly food parcels to 30 vulnerable families that we work with providing them with the basics needed to survive throughout the lockdown. This was extremely help for the parents as the children were spending most of the time at home they were eating more food, which parents were finding difficult to pay for.
## **Older people's programmes**
## **Mosaic class**
We have continued to provide our m osaic classes for 8 -12 adults attending weekly sessions. These sessions prove to be very therapeutic and calm, enabling participants to forge new friendships and learn new skills in a relaxed environment. The majority of people who have benefited from this programme suffer from either mental health issues, isolation, terminal illnesses or other forms of disadvantage.
## **Men in sheds project**
Due to the increased number of participants and the limited space we have available in our workshop, the difficult decision was made for the project to move to another location where it was better able to support the needs of this project. We would like to wish Just Older Youth (JOY) all the best in the continued successful delivery of this project.
The container workshop remains on site and we will be delivering some interesting project from it over the next year.
## **Supporters of our work**
We would like to take this opportunity to thank all of our funders, staff and volunteers for their ongoing commitment to the organisation.
## **Financial review**
During the year the charity had incoming resources of £467,099 and resources expended of £412.900. Free reserves at the end of the year amounted to £206,322
## **Reserves policy**
The trustees have established the level of resources (that is those funds that are freely available) that the charity ought to have. This has been assessed as half of the annual running costs which amounts to approximately £206,450. The current reserves are £206,322
## **Risk Management**
The Board of Trustees has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Procedures are in place to ensure compliance with health
Page 4
## **Report of the trustees (incorporating the director's report) for the year ended 31 March 2021**
## **Risk Management**
and safety of staff, volunteers, clients and visitors to the organisation. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity and the regulatory frameworks within which the charity operates.
## **Plans for the future**
Over the next year we will continue working towards becoming more financially sustainable, developing new partnerships and continuing to grow. We will focus on marketing the facilities we have available for the local community and groups to use, building corporate partnerships and linking in with local businesses and further raising the profile of the charity through our social media tools.We will continue providing our existing activities to the community and develop to ensure we are always able to provide the best possible services and continue to meet local needs. As funding we receive from the BIG Lottery, one of our main funders over the last 5 years comes to an end on the 31st March 2021, we are looking at what we are able to offer to young people in the future and how this might be funded. We will therefore be undertaking a review on our youth programme to ensure we can continue supporting the children and young people in the in the best way possible.We will be working with other community organisations to set up and develop a range of new services on our Southwark site.
Page 5
## **Report of the trustees (incorporating the director's report) for the year ended 31 March 2021**
## **Statement of trustees' responsibilities**
The trustees (who are also directors of Somerville Youth Play Provision Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any
- material departures disclosed andexplained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
## ........................... **Jacqui Shimidzu Director**
Page 6
## **Somerville Youth & Play Provision Limited**
## **Independent examiner's report to the trustees on the unaudited financial statements of Somerville Youth & Play Provision Limited.**
I report on the accounts for the year ended 31 March 2021 set out on pages 1 to 18
## **Respective responsibilities of trustees and examiner**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the accounts of the Company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Basis of the independent examiner's statement**
The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Certified Public Accountants Association, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
1. Accounting records were not kept in respect of the Company as required by section 386 of the Companies Act 2006; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (Charities SORP FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding to be reached.
**Thomas Ojo (BA, BSc, FCPA) Independent examiner**
**Date: 28 /02/2022**
Page 7
## **Somerville Youth & Play Provision Limited**
## **Statement of financial activities (incorporating the income and expenditure account)**
## **for the year ended 31 March 2021**
|**Unrestricted Restricted Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments**
Income from charitable activities
2
202,100
264,999
-
_______
_______
_______
**Total income and endowments**
202,100
264,999
-
_______
_______
_______
Expenditure on charitable activities
3
177,880
206,536
28,484
_______
_______
_______
**Total expenditure**
177,880
206,536
28,484
**Net income / (expenditure) for the year**
24,220
58,463
-28,484
Prior Year Adjustment / Valuation of fixed asset
**Net movement in funds**
24,220
58,463
-28,484
**Reconciliation of funds**
Total funds brought forward
182,102
189,248
517,593
_______
_______
_______
**Total funds carried forward**
206,322
247,711
489,109|**Period**
**ended**
**2021**
**Total**
**£**
**467,099**
**_______**
**467,099**
**_______**
**412,900**
**_______**
**412,900**
**54,199**
**54,199**
**888,943**
**_______**
**943,142**|Period
ended
2020
Total
**£**
375,314|
|---|---|---|
|||_______
375,314|
|||_______
360,034|
|||_______
360,034
15,280
15,280
873,663|
|||_______
888,943|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
Page 8
## **Somerville Youth & Play Provision Limited**
## **Balance sheet as at 31 March 2021**
|**Notes**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
12
**Net current assets**
**Net assets**
**Funds**
13
Endowment funds
Restricted income funds
Unrestricted income funds:
General funds
Designated funds
**Total funds**|**£**
**57,303**
**340,251**
**397,554**
**-18,565**
_______|**2021**
**£**
**564,153**
**378,989**
**_______**
**943,142**
**_______**
**489,109**
**247,711**
**106,322**
**100,000**
**_______**
**943,142**|**£**
18,872
271,427
_______
290,299
-4,746
_______|**2020**
**£**
603,390
285,553|
|---|---|---|---|---|
|||||_______
888,943|
|||||_______
517,593
189,248
122,102
60,000|
|||||_______
888,943|
The Balance Sheet continues on the following page.
Page 9
## **Somerville Youth & Play Provision Limited**
## **Balance sheet (continued)**
## **Trustees statements required by the Companies Act 2006 for the year ended 31 March 2021**
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2021.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies .
The financial statements were approved by the board on: 25 /02/2022 and signed on its behalf by:
## **..........................**
## **Jacqui Shimidzu Director**
Page 10
## **Somerville Youth & Play Provision Limited**
## **Cash flow Statement**
## **for the year ended 31 March 2021**
|Net incoming resources for the year
Depreciation and impairment
Decrease/(Increase) in debtors
Increase in creditors
**Net Cash inflow from operating activities**
Capital expenditure
**Increase in cash in the year**
Reconciliation of net cash flow to movement in net funds
**Increase in cash in the year**
**Net funds at 1 April 2020**
**Net funds at 31 March 2021**|**2021**
**£**
**54,199**
**39,237**
**-38,431**
**13,819**
**68,824**
**-**
**68,824**
**68,824**
**271,427**
**340,251**|**2020**
£
15,280
39,237
14,254
-1,993
**66,778**
-40,107
26,671
26,671
244,756
**271,427**|
|---|---|---|
Page 11
## **Somerville Youth & Play Provision Limited**
## **1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities SORP 2015 and the Companies Act 2006.
## **1.2. Cash flow**
The charity has produced a cash flow statement in accordance with FRS 102
## **1.3. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
## **1.4. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Page 12
**Somerville Youth & Play Provision Limited**
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties Straight line over the life of the lease (25 years) Plant and machinery 25% straight line Fixtures, fittings and equipment 25% straight line ( Except a 40ft Container which is 8.34% Straight line) Motor vehicles 25% straight line
## **2 Income from charitable activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
LBL Capital Grant
BIG Lottery Fund (and Youth Focus Grant)
BIG Lottery - Youth Focus Grant
66,858
LB Lewisham Grant
53,120
LBL Assembly Grant
Children and Young Personservice
Other LBL Grants
2,625
Leathersellers Company
15,000
Deptford Challenge Trust
Tudor Trust
27,000
Southwark Council
69,435
Jack Petchy
2,250
Other Grants / Income (Inc. William Borema
4,658
Refund Sundries
Gifts and Donations
334
New Cross Gate Trust
5,678
London Community foundation
BBC Children in Need
31,668
London Youth
41,758
Core (Rental Income)
2,540
Pay Pal Giving
Garfield Weston Foundation
Rank Foundation
Bernard Sunley
Variety, The Child
Grants
55,065
HMRC (JRS) Grant
89,110
_______
_______
202,100
264,999|**2021**
**Total**
**£**
**-**
**-**
**66,858**
**53,120**
**-**
**2,625**
**15,000**
**27,000**
**69,435**
**2,250**
**4,658**
**-**
**334**
**5,678**
**-**
**31,668**
**41,758**
**2,540**
**-**
**-**
**-**
**-**
**55,065**
**89,110**
_______
**467,099**|2020
Total
**£**
3,075
40,359
36,301
28,897
3,075
244
15,000
35,000
49,591
1,500
3,531
300
1,382
15,932
18,545
31,101
13,500
35,887
467
1,250
5,000
18,358
17,019|
|---|---|---|
|||_______
375,314|
Page 13
## **Somerville Youth & Play Provision Limited**
## **3 Costs of charitable activities - by fund type**
|**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Salaries and other charitable activities
151,637
180,121
28,484
Support costs
26,243
26,415
-
_______
_______
_______
177,880
206,536
28,484
_______
_______
_______
**4 Costs of charitable activities - by activity**
**Activities**
**undertaken**
**Support**
**directly**
**costs**
**£**
**£**
Salaries and other charitable activities
360,242
-
Support costs
-
52,658
_______
_______
360,242
52,658
_______
_______
**5 Analysis of support costs**
**£**
Staff costs
0
Office Equipment
3,055
Repairs and maintenance
23,360
Other
26,243
_______
52,658|**2021**
**Total**
**£**
**360,242**
**52,658**
**_______**
**412,900**
_______
**2021**
**Total**
**£**
**360,242**
**52,658**
_______
**412,900**
**_______**
**2021**
**Total**
**£**
**0**
**3,055**
**23,360**
**26,243**
_______
**52,658**|**2020**
**Total**
**£**
317,465
42,569|
|---|---|---|
|||_______
360,034|
|||_______
2020
Total
**£**
317,465
42,569|
|||_______
360,034|
|||_______
**2020**
**Total**
**£**
0
12,266
17,374
12,929|
|||_______
42,569|
Page 14
## **Somerville Youth & Play Provision Limited**
## **6 Net incoming resources for the year**
|Net incoming resources is stated after charging:
Depreciation and other amounts written off tangible fixed assets
- expenditure in current year
- Plant and machinery|**2021**
**£**
**39,237**
**0**|**2020**
**£**
39,237
1,199
12,266|
|---|---|---|
## **7 Employees**
|**Employment costs**
Wages and salaries
Social security costs
Other costs|**2021**
**£**
**237,849**
**14,268**
**9,118**
**_______**
**261,235**|2020
**£**
204,406
13,440
10,338|
|---|---|---|
|||_______
228,184|
No employee received emoluments of more than £60,000 (2020 : None).
## **Number of employees**
The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows:
||**2021**
**Number**
**15**|**2020**
**Number**
15|
|---|---|---|
Page 15
## **Somerville Youth & Play Provision Limited**
## **8 Taxation**
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
|**10 Tangible fixed assets**
**Cost**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|**Long**
**Fixtures,**
**leasehold**
**Plant and**
**fittings and**
**property**
**machinery**
**equipment**
**£**
**£**
**£**
712,099
14,270
40,245
-
_______
_______
_______
712,099
14,270
40,245
_______
_______
_______
142,420
14,270
33,723
28,484
1,691
_______
_______
_______
170,904
14,270
35,414
_______
_______
_______
541,195
-
4,831
_______
_______
_______
569,679
-
6,522|**Motor**
**vehicles**
**£**
41,750
-
_______
41,750
_______
14,561
9,062
_______
23,623
_______
18,127
_______
27,189|**Total**
**£**
808,364
-
_______
808,364
_______
204,974
39,237
_______
244,211
_______
564,153
_______
603,390|
|---|---|---|---|
Capital Expenditure on BIG Lottery funded new building is added at cost
## **11 Debtors**
|Other debtors|**2021**
**57,303**|**2020**
**£**
18,872|
|---|---|---|
Page 16
## **Somerville Youth & Play Provision Limited**
|**12 Creditors: amounts falling due**
**within one year**
Other creditors
Accruals and deferred income|**2021**
**£**
**16,865**
**1,700**
**_______**
**18,565**
|**2020**
**£**
3,046
1,700
_______
4,746|
|---|---|---|
## **13 Analysis of net assets between funds**
|**13 Analysis of net assets between funds**||
|---|---|
|**Unrestricted Restricted**
**Prior Yr Endowment**
**funds**
**funds Adjustment**
**funds**
**£**
**£**
**£**
**£**
Fund balances at 31 March 2021 as represented by:
206,322
247,711
489,109
_______
_______
_______
_______
206,322
247,711
-
489,109
_______
_______
_______
_______
**14 Unrestricted funds**
**At**
**Incoming**
**Prior Yr**
**Outgoing**
**2020**
**resources Adjustment**
**resources**
**£**
**£**
**£**
**£**
182,102
202,100
177,880
_______
_______
_______
_______
182,102
202,100
-
177,880
_______
_______
_______
_______
**15 Endowment funds**
**At**
**Incoming**
**Prior Yr**
**Outgoing**
**2020**
**resources Adjustment**
**resources**
**£**
**£**
**£**
**£**
517,593
-28,484|**Total**
**funds**
**£**
**943,142**|
||**_______**
**943,142**|
||_______
**At**
**2021**
**£**
**206,322**|
||**_______**
**206,322**|
||**_______**
**At**
**2021**
**£**
**489,109**|
## **16 Going concern**
There is not reason to suggest the company will not continue as a going concern over the next twelve months even though the funding climate remains tough.
Page 17
## **Somerville Youth & Play Provision Limited**
**17 Comparative statement of financial activities (incorporating the income and expenditure account)**
|**Unrestricted Restricted Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments**
Income from charitable activities
2
160,552
214,762
-
_______
_______
_______
**Total income and endowments**
160,552
214,762
-
_______
_______
_______
Expenditure on charitable activities
3
117,238
214,312
28,484
_______
_______
_______
**Total expenditure**
117,238
214,312
28,484
**Net income / (expenditure) for the year**
43,314
450
-28,484
Prior Year Adjustment / Valuation of fixed asset
**Net movement in funds**
43,314
450
-28,484
**Reconciliation of funds**
Total funds brought forward
138,788
188,798
546,077
_______
_______
_______
**Total funds carried forward**
182,102
189,248
517,593|**Period**
**ended**
**2020**
**Total**
**£**
**375,314**|
|---|---|
||**_______**
**375,314**|
||**_______**
**360,034**|
||**_______**
**360,034**
**15,280**
**15,280**
**873,663**|
||**_______**
**888,943**|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
Page 18