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2021-03-31-accounts

Registered number: 05227463 Charity number: 1123221

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 18

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Simon Canter, Chairman
Mark Brady, Treasurer
Paul Toplis, Secretary
Julia Honess, Secretary (resigned 26 November 2020)
Queen Asemota (appointed 26 November 2020)
Shaniqua Fletcher (appointed 26 November 2020)
Kerrie Hylton (appointed 26 November 2020)
Alison Jones
Sarah King
Victoria Olisa
Elizabeth Peters
Company registered
number
05227463
Charity registered
number
1123221
Registered office
Dog Kennel Hill
East Dulwich
London
SE22 8AA
Accountants
Griffin Stone Moscrop & Co
Chartered Accountants
21-27 Lamb's Conduit Street
London
WC1N 3GS
Bankers
HSBC
47 Rye Lane
Peckham
London
SE15 5ET

Page 1

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their annual report together with the financial statements of company for the year ended 31 March 2021. The annual report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The objects of the charity are to provide facilities for recreation and other leisure-time occupations for children and young people resident in Champion Hill and adjacent wards of which such children and such young people have need by reason of their youth or social economic circumstances and which will impose the conditions of life for such children and such young people promoting their physical, mental and spiritual well-being.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities undertaken to achieve objectives

The company provides and maintains facilities at Dog Kennel Hill Adventure Playground, a safe green place in the heart of an urban community where children and young people can play, learn and develop skills for life.

The company delivers:

Page 2

DOG KENNEL HILL AP LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities (continued)

Main activities undertaken to further the company's purposes for the public benefit

The playground is an inclusive environment that attracts and brings together children, young people and families from our diverse community. Our activities enable children and young people to have new opportunities, develop their skills, build positive relationships across age groups and communities, and strengthen their physical and mental health.

Parents and carers can also join in some activities with their children and get to know other families from the community.

Achievements and performance

Main achievements of the company during the year

The playground’s activities were severely curtailed during the year, however within the parameters set out by the Government the playground has continued to offer a safe place for children and their parents and carers, whenever possible.

On the initiative of our day-to-day providers and backed by a grant from the National Lottery, even though the playground was shut at various times during the year, we maintained our contact with its regular users, their families and carers by providing activity packs and other items to promote wellbeing.

Volunteers

The charitable company recognises the significant contributions made by volunteers.

Impact of COVID-19

As expected, COVID-19 affected the operation of the adventure playground throughout the financial year. With the goodwill of the day-to-day providers and their team of helpers, the playground has been open whenever possible. However certain activities, such as the Holiday Scheme, have not been in operation and as a result income has been substantially reduced. It is likely that the Holiday Scheme will not be reintroduced until Spring or Summer 2022.

Despite the previous prediction, it was not necessary to use any of our reserve bank account to maintain our financial stability, although that will definitely be the case in the financial year ending 31 March 2022.

Financial review

Financial performance

Total income for the year ended 31 March 2021 was £66,938 (2020 - £112,726), of which £13,948 (2020 - £37,463) was restricted fund income. The playground managed to obtain additional funding from Southwark Council throughout the year but was also in receipt of a generous personal donation which enabled us to reward our activity providers.

Total expenditure for the year was £73,908 (2020 - £103,750), resulting in net expenditure of £6,970 (2020 - net income of £8,976).

At 31 March 2021 total funds of £53,963 (2020 - £60,933) were held, of which £17,497 (2020 - £12,473) related to restricted funds.

The ultimate aim of the trustees is for the construction of a new building to both make the playground an even better environment and hopefully provide further opportunities to give the playground a sound financial footing.

Page 3

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Financial review (continued)

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The trustees' policy is to hold free reserves equal to six months' expenditure on charitable activities, after deduction of the value of any donated services. This is simply based on one-half of the relevant annual expenditure figure for the year (based on pre-COVID-19 expenditure).

Financial risk management objectives and policies

The trustees have examined the major risks which the charitable company faces and believe that maintaining free reserves at a reasonable level, combined with an annual review of the controls over key financial systems provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which the charitable company faces and confirm they have established systems to mitigate the significant risks.

Structure, governance and management

Constitution

Dog Kennel Hill AP Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Methods of appointment or election of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Memorandum of Association.

Members' liability

The members of the company guarantee to contribute an amount not exceeding £10 to the assets of the company in the event of winding up.

Page 4

DOG KENNEL HILL AP LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Statement of trustees' responsibilities

The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial . Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.

Approved by order of the members of the board of trustees and signed on their behalf by:

................................................

Mark Brady Treasurer

Date: 9 December 2021

Page 5

DOG KENNEL HILL AP LIMITED (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the trustees of Dog Kennel Hill AP Limited ('the company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the company (and 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 the company's accounts 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.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 of the accounts to be reached.

This report is made solely to the company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's trustees as a body, for my work or for this report.

Signed: Richard Hill FCA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS

Dated: 13 December 2021

Page 6

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
48,688
-
4,280
22
52,990
-
64,984
64,984
(11,994)
48,460
(11,994)
36,466		 Restricted
funds
2021
£
13,948
-
-
-
13,948
-
8,924
8,924
5,024
12,473
5,024
17,497		 Total
funds
2021
£
62,636
-
4,280
22
66,938
-
73,908
73,908
(6,970)
60,933
(6,970)
53,963		 Total
funds
2020
£
95,109
11,055
6,475
87
112,726
100
103,650
103,750
8,976
51,957
8,976
60,933

The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 18 form part of these financial statements.

Page 7

DOG KENNEL HILL AP LIMITED (A company limited by guarantee) REGISTERED NUMBER: 05227463

BALANCE SHEET AS AT 31 MARCH 2021

Note
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 1,100
54,191
55,291
(1,328)		 2021
£
53,963
53,963
17,497
36,466
53,963		 -
62,261
62,261
(1,328)		 2020
£
60,933
60,933
12,473
48,460
60,933

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

................................................

Mark Brady Treasurer

Date: 9 December 2021

The notes on pages 9 to 18 form part of these financial statements.

Page 8

DOG KENNEL HILL AP LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Dog Kennel Hill AP Limited is a private company limited by guarantee, incorporated in the United Kingdom and registered in England and Wales under company registration number 05227463. The registered office address is Dog Kennel Hill, London SE22 8AA. It is also registered as a charity with the Charity Commission under registration number 1123221.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional and presentation currency of the company, and are rounded to the nearest £1.

Dog Kennel Hill AP Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. For this reason they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Where a donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 9

DOG KENNEL HILL AP LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 10

DOG KENNEL HILL AP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

(A company limited by guarantee)

2. Accounting policies (continued)

2.9 Liabilities and provisions (continued)

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

2.10 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
17,724
Grants
30,964
Government grants
-
48,688
Total 2020
57,646		 Restricted
funds
2021
£
-
8,250
5,698
13,948
37,463		 Total
funds
2021
£
17,724
39,214
5,698
62,636
95,109		 Total
funds
2020
£
55,903
4,243
34,963
95,109

Unrestricted donations includes donated services of £15,000 (2020 - £23,405).

Page 11

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Income from charitable activities

Unrestricted
funds
2021
£
Holiday scheme
-
Total 2020
11,055		 Total
funds
2021
£
-
11,055		 Total
funds
2020
£
11,055
5. Income from other trading activities
Income from fundraising events
Unrestricted
funds
2021
£
Venue hire
4,280
Total 2020
6,475
6.
Income from investments
Unrestricted
funds
2021
£
Bank interest
22
Total 2020
87		 Total
funds
2021
£
4,280
6,475
Total
funds
2021
£
22
87		 Total
funds
2020
£
6,475
Total
funds
2020
£
87

Page 12

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Expenditure on raising funds Costs of raising voluntary income

Unrestricted
funds
2021
£
Grant support
-
Total 2020
100
8.
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2021
Restricted
funds
2021
£
£
Total expenditure on charitable activities
64,984
8,924
Total 2020
63,741
39,909
9.
Analysis of expenditure by activities
Activities
undertaken
directly
2021
Support
costs
2021
£
£
Total expenditure on charitable activities
45,701
28,207
Total 2020
66,750
36,900		 Total
funds
2021
£
-
100
Total
funds
2021
£
73,908
103,650
Total
funds
2021
£
73,908
103,650		 Total
funds
2020
£
100
Total
funds
2020
£
103,650
Total
funds
2020
£
103,650

Page 13

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. Analysis of expenditure by activities (continued)

Analysis of activities undertaken directly

Contracts
Sessional workers
Workshop activities and arts & crafts		 Total
funds
2021
£
34,956
3,200
7,545
45,701		 Total
funds
2020
£
42,261
19,807
4,682
66,750

Analysis of support costs

Utilities
Repairs and maintenance
Refuse collection and pest control
Insurance
Training
Subscriptions
Equipment
Postage and stationery
Telephone, internet and web hosting
Accountancy
Legal and professional fees
Bank charges
Sundry expenses		 Total
funds
2021
£
1,982
5,459
1,096
992
-
114
770
500
873
1,328
15,000
80
13
28,207		 Total
funds
2020
£
1,678
2,511
1,742
1,225
390
402
2,313
526
974
1,328
23,516
76
219
36,900

Legal and professional fees includes donated services of £15,000 (2020 - £23,405).

10. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examination fee of £ 1,328 (2020 - £1,328).

Page 14

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits.

During the year ended 31 March 2021, no trustee expenses were incurred (2020 - £nil).

12. Debtors

2021 2020
£ £
Due within one year
Other debtors 1,100 -

13. Creditors: amounts falling due within one year

2021 2020
£ £
Accruals 1,328 1,328

14. Financial instruments

2021 2020
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 54,191 62,261

Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.

Page 15

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Statement of funds

Statement of funds - current year

Unrestricted funds
General fund
Restricted funds
New building fund
Cleaner Greener Safer Project
National Lottery COVID Response Project
Something Old, Something New Project
Total funds
Statement of funds - prior year
Balance at
1 April 2019
£
Unrestricted funds
General fund
37,148
Restricted funds
Running costs fund
596
New building fund
14,213
Local Giving fund
-
Neighbourhood
Fund Project
-
Cleaner Greener Safer Project
-
14,809
Total funds
51,957		 Balance at
1 April
2020
£
48,460
14,323
(1,850)
-
-
12,473
60,933
Income
£
75,263
32,963
-
500
4,000
-
37,463
112,726		 Income
£
52,990
-
2,000
8,250
3,698
13,948
66,938
Expenditure
£
(63,841)
(33,559)
-
(500)
(4,000)
(1,850)
(39,909)
(103,750)		 Expenditure
£
(64,984)
-
(150)
(5,759)
(3,015)
(8,924)
(73,908)
Transfers
in/(out)
£
(110)
-
110
-
-
-
110
-		 Balance at
31 March
2021
£
36,466
14,323
-
2,491
683
17,497
53,963
Balance at
31 March
2020
£
48,460
-
14,323
-
-
(1,850)
12,473
60,933
Unrestricted funds
General fund
Restricted funds
Running costs fund
New building fund
Local Giving fund
Neighbourhood
Fund Project
Cleaner Greener Safer Project
Total funds

Page 16

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Statement of funds (continued)

The New building fund comprises income given for the construction of a new building.

The Cleaner Greener Safer Project represents a fund established to enable permanent, physical changes to be made to improve the local area.

The National Lottery COVID Response monies are being utilised to assist in the general physical and mental welfare of the playground’s users, and their parents and carers within a caring and safe environment.

The Something Old, Something New Project consists of monies received from Southwark Council to make a difference to the lives and neighbourhoods of local people in Southwark.

16. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at
1 April
2020
£
48,460
12,473
60,933		 Income
£
52,990
13,948
66,938		 Expenditure
£
(64,984)
(8,924)
(73,908)		 Balance at
31 March
2021
£
36,466
17,497
53,963

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 April 2019
£
37,148
14,809
51,957		 Income
£
75,263
37,463
112,726		 Expenditure
£
(63,841)
(39,909)
(103,750)		 Transfers
in/(out)
£
(110)
110
-		 Balance at
31 March
2020
£
48,460
12,473
60,933

Page 17

DOG KENNEL HILL AP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Current assets
37,794
Creditors due within one year
(1,328)
Total
36,466
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
£
Current assets
49,788
Creditors due within one year
(1,328)
Total
48,460		 Restricted
funds
2021
£
17,497
-
17,497
Restricted
funds
2020
£
12,473
-
12,473		 Total
funds
2021
£
55,291
(1,328)
53,963
Total
funds
2020
£
62,261
(1,328)
60,933

18. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

19. Related party transactions

During the year ended 31 March 2021, donations from trustees amounted to £1,328 (2020 - £nil).

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