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 2022
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 2022
| Trustees | Simon Canter, Chairman |
|---|---|
| Mark Brady, Treasurer | |
| Paul Toplis, Secretary (resigned 9 December 2021) | |
| Jonny Allams (appointed 9 December 2021) | |
| Queen Asemota | |
| Shaniqua Fletcher | |
| Kerrie Hylton | |
| Alison Jones (resigned 9 December 2021) | |
| 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 2022
The trustees present their annual report together with the financial statements of the company for the year ended 31 March 2022. 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:
-
Free, supervised, open-access adventure play and activity sessions for children aged 5 to 15 each weekday after school from 3-6pm and during school holidays from 9-5pm
-
Qualified and experienced play workers, supported by volunteers
-
Holiday play schemes throughout the year
-
A safe space at times of the day and school holidays when children and young people are particularly vulnerable
-
Activities that enable children and young people to:
-
have new experiences
-
develop skills
-
build positive relationships across age groups and communities
-
experience lasting benefits to physical and mental health
Page 2
DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
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 curtailed again during the year, however with the lifting of the COVID regulations the playground has seen attendance return to pre-pandemic levels, with the Easter period proving particularly popular.
Prior to the lifting of the COVID rules the playground continued to offer a safe place for children and their parents and carers, whenever possible.
At times when the playground was shut a great deal of much-needed maintenance was undertaken, with the help of a grant from Southwark Council. The playground suffered some moderate damage in the wake of Storm Eunice.
In November the playground held a bonfire evening, which was very well attended and enjoyed by all.
Volunteers
The charitable company recognises the significant contributions made by volunteers.
Impact of COVID-19
As expected, COVID-19 continued to affect the operation of the adventure playground throughout the earlier part of 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 remains substantially reduced on pre-pandemic levels. It is likely that the Holiday Scheme will not be reintroduced in Summer 2022.
Since February we have started receiving bookings for the hire of the playground for parties.
To maintain the day-to-day running of the playground, it has been necessary to use monies from our reserve bank account. Southwark Council has again changed the method by which our main grant is paid, so we expect to have to draw on our reserves again during the financial year ending 31 March 2023 to cover expenditure in the first quarter.
Financial review
Financial performance
Total income for the year ended 31 March 2022 was £55,385 (2021 - £66,938), of which £9,635 (2021 - £13,948) 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 donation from a local school which enabled us to fund activities.
Page 3
DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Financial review (continued)
Total expenditure for the year was £66,265 (2021 - £73,908), resulting in net expenditure of £10,880 (2021 - £6,790).
At 31 March 2022 total funds of £43,083 (2021 - £53,963) were held, of which £12,746 (2021 - £17,497) 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.
Some years ago the trustees commissioned a cost analysis for a new building and this has recently been updated to reflect current prices. The cost of the new building is circa £740,000, exclusive of VAT. Southwark Council has offered £640,000 towards the costs. However, this money will also have to pay for landscaping and structural changes to our site which we have agreed are required following negotiation with the local authority. At the time of writing we have not received Southwark Council’s cost estimate for these additional works. The trustees have been attempting to persuade the council to keep these additional costs to a minimum in order to leave as much of the £640,000 offered as possible for the new building and to minimise the potential of the changes to alter the character of the playground. With discussions concernng the grant ongoing at 31 March 2022 and no monies received by this date, no income has been recognised in respect of this item within the 2021/22 accounts.
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). As at 31 March 2022 free reserves stood at £30,337, which is considered below the stated target, albeit sufficient to cover six months' unrestricted expenditure at the levels seen in 2021/22.
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.
Page 4
DOG KENNEL HILL AP LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
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.
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 year. 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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102)
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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: 21 September 2022
Page 5
DOG KENNEL HILL AP LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
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 2022.
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:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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: 26 September 2022
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 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 38,546 150 7,050 4 45,750 51,879 51,879 (6,129) 36,466 (6,129) 30,337 |
Restricted funds 2022 £ 9,635 - - - 9,635 14,386 14,386 (4,751) 17,497 (4,751) 12,746 |
Total funds 2022 £ 48,181 150 7,050 4 55,385 66,265 66,265 (10,880) 53,963 (10,880) 43,083 |
Total funds 2021 £ 62,636 - 4,280 22 66,938 73,908 73,908 (6,970) 60,933 (6,970) 53,963 |
|---|---|---|---|---|
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 2022
| Note Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
- 44,411 44,411 (1,328) |
2022 £ 43,083 43,083 12,746 30,337 43,083 |
1,100 54,191 55,291 (1,328) |
2021 £ 53,963 |
|---|---|---|---|---|
| 53,963 | ||||
| 17,497 36,466 |
||||
| 53,963 |
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: 21 September 2022
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 2022
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 2022
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 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
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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 2022 £ Donations 7,283 Grants 31,263 Government grants - 38,546 Total 2021 48,688 |
Restricted funds 2022 £ 2,500 - 7,135 9,635 13,948 |
Total funds 2022 £ 9,783 31,263 7,135 48,181 62,636 |
Total funds 2021 £ 17,724 39,214 5,698 |
|---|---|---|---|
| 62,636 | |||
Restricted (2021 - Unrestricted) donations includes donated services of £2,500 (2021 - £15,000).
Page 11
DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
4. Income from charitable activities
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Holiday scheme | 150 | 150 | - |
5. Income from other trading activities
Income from fundraising events
| Unrestricted funds 2022 £ Venue hire 5,620 Bonfire party 1,430 7,050 Total 2021 4,280 |
Total funds 2022 £ 5,620 1,430 7,050 4,280 |
Total funds 2021 £ 4,280 - |
|---|---|---|
| 4,280 | ||
6. Income from investments
| Unrestricted funds 2022 £ Bank interest 4 Total 2021 22 |
Total funds 2022 £ 4 22 |
Total funds 2021 £ 22 |
|---|---|---|
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DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
7. Analysis of expenditure by activities
| Total expenditure on charitable activities Total 2021 |
Activities undertaken directly 2022 £ 46,470 45,701 |
Support costs 2022 £ 19,795 28,207 |
Total funds 2022 £ 66,265 73,908 |
Total funds 2021 £ 73,908 |
|---|---|---|---|---|
Page 13
DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
7. Analysis of expenditure by activities (continued)
Analysis of activities undertaken directly
| Contracts Sessional workers Workshop activities and arts & crafts |
Total funds 2022 £ 35,011 9,590 1,869 46,470 |
Total funds 2021 £ 34,956 3,200 7,545 |
|---|---|---|
| 45,701 |
Analysis of support costs
| Utilities Repairs and maintenance Refuse collection and pest control Insurance Subscriptions Equipment Postage and stationery Telephone, internet and web hosting Accountancy Legal and professional fees Bank charges Sundry expenses |
Total funds 2022 £ 1,849 7,219 1,062 976 272 559 627 535 1,328 5,178 89 102 19,795 |
Total funds 2021 £ 1,982 5,459 1,096 992 114 770 500 873 1,328 15,000 80 13 |
|---|---|---|
| 28,207 |
Legal and professional fees includes donated services of £2,500 (2021 - £15,000).
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examination fee of £ 1,328 (2021 - £1,328).
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DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
9. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits.
During the year ended 31 March 2022, no trustee expenses were incurred (2021 - £nil).
10. Debtors
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Other debtors | - | 1,100 |
11. Creditors: amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accruals | 1,328 | 1,328 |
12. Financial instruments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 44,411 | 54,191 |
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 2022
13. 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 Neighbourhood Fund Total funds Statement of funds - prior 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 |
Balance at 1 April 2021 £ 36,466 14,323 - 2,491 683 - 17,497 53,963 Balance at 1 April 2020 £ 48,460 14,323 (1,850) - - 12,473 60,933 |
Income £ 45,750 2,500 3,635 - - 3,500 9,635 55,385 Income £ 52,990 - 2,000 8,250 3,698 13,948 66,938 |
Expenditure £ (51,879) (5,064) (3,635) (1,504) (683) (3,500) (14,386) (66,265) Expenditure £ (64,984) - (150) (5,759) (3,015) (8,924) (73,908) |
Balance at 31 March 2022 £ 30,337 |
|---|---|---|---|---|
| 11,759 - 987 - - |
||||
| 12,746 | ||||
| 43,083 | ||||
| Balance at 31 March 2021 £ 36,466 |
||||
| 14,323 - 2,491 683 |
||||
| 17,497 | ||||
| 53,963 |
Page 16
DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
13. 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.
Southwark Neighbourhood Fund 2022 monies were utilised to build on the work undertaken in the previous year, and closely mirror the activities undertaken with the National Lottery monies.
14. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 April 2021 £ 36,466 17,497 53,963 Balance at 1 April 2020 £ 48,460 12,473 60,933 |
Income £ 45,750 9,635 55,385 Income £ 52,990 13,948 66,938 |
Expenditure £ (51,879) (14,386) (66,265) Expenditure £ (64,984) (8,924) (73,908) |
Balance at 31 March 2022 £ 30,337 12,746 |
|---|---|---|---|---|
| 43,083 | ||||
| Balance at 31 March 2021 £ 36,466 17,497 |
||||
| 53,963 |
Page 17
DOG KENNEL HILL AP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Current assets 31,665 Creditors due within one year (1,328) Total 30,337 Analysis of net assets between funds - prior year Unrestricted funds 2021 £ Current assets 37,794 Creditors due within one year (1,328) Total 36,466 |
Restricted funds 2022 £ 12,746 - 12,746 Restricted funds 2021 £ 17,497 - 17,497 |
Total funds 2022 £ 44,411 (1,328) 43,083 Total funds 2021 £ 55,291 (1,328) 53,963 |
|---|---|---|
16. 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.
17. Related party transactions
During the year ended 31 March 2022, donations from trustees amounted to £1,328 (2021 - £1,328).
Page 18