2022-12-30-accounts

	Reference and administrative details ofthe charity, its trustees and advisers	Reference and administrative details ofthe charity, its trustees and advisers	Reference and administrative details ofthe charity, its trustees and advisers	Reference and administrative details ofthe charity, its trustees and advisers	Reference and administrative details ofthe charity, its trustees and advisers
			for the year ended 31December 2022
Trustees
			Christopher Gilbert, Chair
			Anthony Dowle (resigned 27 September 2023)
			Timothy Hammett
			Raise Hassan (resigned	13March	2024)
			Catherine Seddon
			Debrorah Triggs (appointed 3 February 2022, resigned 22 February 2024)
Chief Executive Officer			Brett Parker
Registered	Company	Number	05848363
Registered	Charity Number		1124524
Registered	Office		143Coppeits Road
			London
			N10 1JP
Independent	Auditors		Xeinadin Audit Limited
			Chartered Accountants	&Statutory	Auditor
			12Conqueror Court
			Sittingbourne
			Kent
			ME10 5BH
Bankers			Barclays Bank pic
			223 Muswell Hill Broadway
			London
			N10 1DD

		Page
Report ofthe	Trustees .
Letter from the Chair ofTrustees .		12
Independent	auditor's report.	.13
Consolidated	statement offinancial activities .	.16
Charity statement offinancial activities .
Consolidated	and charity balance sheet	18
Consolidated	statement ofcash flow .
Notes to the	financial statement	.20

				Continued	activities
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
			Note	f	8
Income from:
Donations and capital grants			2	202,164	116,770	318,934	277,235
Other income (incl.	Covid-19	gov grant)	2,3	5,548		5,548	185,859
Trading activities			3	180,935		180,935	152,488
Chaditable activities			4	180,011		180,011	125,524
Investments			6	3		3	3,2B2
Total income				568,661	116,770	685,431	744,388
Expenditure on:
Raising funds			6	364,040		364,040	434,971
Charitable activities			6	562,470	71,387	633,857	745,423
Other expenditure			7
Total expenditure				926,510	71,387	997,897	1,1B0,394
Net income I(expenditure)		before
other gains and losses				(357,849)	45,383	(312,466)	(436,006)
Net movement in funds				(357,849)	45,383	(312,466)	(436,006)
Reconciliation offunds:
Total funds brought	forward			1,194,938	13,072	1,208,010	1,644,017
Total funds carried forward				837,089	58,455	895,544	1,208,010

				Continued	activities
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
			Note	f	6	8
Income from:
Donations and capital grants				202,164	116,770	318,934	277,235
Other income (incl.	Covid-19	gov grant)					147,441
Charitable activities				180,011		180,011	125,524
Investmsnts				3		3	3,282
Total income				382,178	116,770	498,948	553,482
Expenditure on:
Raising funds			6	174,661		174,661	237,966
Charitable activities			6	562,470	71,387	633,857	745,423
Other expenditure			7
Total expenditure				737,131	71,387	808,518	983,389
Net Income I(expenditure)		before other
gains and losses				(354,953)	45,383	(309,570)	(429,907)
Net movement in funds				(354,953)	45,383	(309,570)	(429,907)
Reconciliation offunds:
Total funds brought	forward			1,359,893	13,072	1,372,965	1,802,872
Total funds carried forward				1,004,940	58,455	1,063,395	1,372,965

			as	at 31 D	ecember 20	22
					Consol-	Consol-
					idated	idated	Charity	Charity
					2022	2021	2022	2021
				Note	6
Fixed assets
Tangible assets				10	1,0$5,330	1,148,699	1,085,002	1,146,245
					1,085,330	1,148,699	1,085,002	1,146,245
Current assets
Debtors				11	35,822	24,227	14$,035	198,180
Prepayments	and	served income		11	16,326	16,632
Cash at bank	and	in	hand		39,666	169,799	25,$16	132,643
					91,814	210,658	173,$51	330,B23
Creditors: amounts			falling due within one
year				12	(231,266)	(91,013)	(163,792)	(62,436)
Net cunent assets					(139,452)	119,645	10,059	268,387
Total assets	less	current liabilities			945,877	1,268,344	1,095,061	1,414,632
Creditors: amounts than one year			falling due after more	t2	(50333)	(60334)	(31666)	(41667)
Net assets				15	895p544	1208010	1~063p395	1372965
Charity funds
Restricted funds				13	58,455	13,073	58,455	13,073
Unrestricted funds				13	$37,089	1,194,937	1,004,940	1,359,892
Total funds					895,544	1,208,010	1,063,395	1,372,965

					Total funds	Total funds	Total funds
						2022	2021
						6	6
Cash flows from operating activities:
Net cash provided by (used in) operating		activities			(123,025)		(313,898)
Cash flows from investing activities:
Purchase of property, plant and equipment							(44,846)
Proceeds from sale of property, plant and	equipment
Net cash provided by (used in) investing		activities					(44,846)
Loans over 12months taken out l(repaid)						(7,108)	41,667
Rent deposit over 12months received							18,667
Change in cash and cash equivalents	In the reporting			period	(130,133)		(298,410)
Cash and cash equivalents at the beginning			of			169,799	486,785
the reporting period
Cash and cash equivalents at the end	ofthe reporting			period		~9.666	169,799
Reconciliation ofnet income/(expenditure)			to net cash	flow from	operating	activities
Net income/(expenditure) forthe reporting			period
(as per the statement offinancial activities)					(312,466)		(436,006)
Adjustments for:
Depreciation charges						63,367	71,273
(Decrease)/increase in debtors						(11,289)	30430
(Decrease)/increase in creditors						137,363	20,405
Net cash used in operating activities					(123,025)		(313898)

Afi income Is recognised once the charily has entitlement to the income, it is probable that the
income will be received and the amount ofincome receivable can be measured reliably.
Voluntary income received byway ofdonations sre included in full in the statement offinancial
activiTies when receivable. Intangible income is recognised as an incoming resource where the
provider ofthe service has incurred a financial cost. Volunteer time is not included in the finandal
statements.
Income from the sales ofgoods is accounted for when the goods are sold.
Grants are recognised in full in the statement offinancial acfiviTies in the year in which they are
receivable.
Nursery, school and special care fees shown in the statement offinancial activities are accounted
for in the period in which the service is provided. Fees received in advance sre included In creditors
ss deferred income.
Invssbnent Income is recognised on a receivable basis.
Expenditure
Resources expended are retxignised in the period in which they are incurred. Resources expended
indude attributable VAT which cannot be recovered.
Resources expended are allocated to the particular activity where the cost relates direcfiy to that
activity. However, the costof overall direction and administration ofeach activity, comprising the
salary and overhead costs ofthe central function, is apportioned on the basis ofthe full-time
equivalent number ofstalf working in each activity.
Governance costs are the costs associated with the governance arrangements ofthe charity.
These costs are associated with constitutional snd statutory requirements and include any costs
associated with the strategic management ofthe charity's activiTies.
The costs ofgenerating funds relate tothe cost incurred by the group and charity in raising funds
for the charitable work.

Income from donations, legacies and	grant income
	Unnmtrlcted	Rsstnclod	Total	Total
	funds	funds	funds	funds
	2022	2022	2022	2021
Group and Charity	E	E
Donations fram trusts and foundations	175,350	116,770	292,120	256,746
Donations fram companies
Donations fram individuals	26,814		2IVlt4	20,469
Grants income (Covid-19 grant)				147,441
	202,164	116,770	318,$34	424,678
Gmup and Charity 2021	320,079	104,597	424,676

Incom	e an	d ex	pe	nd	iture from trading acti	vities
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
Group						2022 E	2022 E	2022 E	2021f
Tnlding	incanlo
Sale of	goad	in charity		shops		180,935		180,935	152488
Other income		(incl	Covid-1 9gov grant)			5,548		S,548	38,416
						186,4!!3		ISSPI83	190,906
Trading	expendkure
Salaries	and	National		Insurance		86,709		80,709	75,953
Rent of	retail	shops				77,500		77,500	93,362
Other expenses						23,045		23,045	24,756
Depreciation		on tangible			fixed assets	2,126		2,126	2914
						189,379		18$,37$	197,005
Net Inaomei(loss)			from		Iradlng activities
Net inaome/(loss)			from		trading aalivities 2021	(6,099)		(6,099)

Notes tothe financial stat	ement for	the year ended 31Decem	ber 2022
5.Investment income
		Unrestdcted	Restricted	Total	Total
		ftlnds	funds	funda	funds
Gmup		2022 6	2022 6	2022 6	2021f
Income from investments					3,201
Bank interest					21
Interest income 2022
Charity
Income from investments					3,201
Bank interest					21
Intercompany loan interest
Investment income 2022
Investment Income 2021		3,282		3,282
5.Expenditure analysis	by function	and type offunding
		Unrestricted	Rsstflctsd	Total	Total
		funds	funds	funds	Srnds
Raising tunds		2022 6	2022 6	2022 6	2021f
Donations, legacies and capital grants		174,661		174,661	237,966
Trading acbvities		189,379		180,379	197,005
Other adiviTies to generate funds
Charitable senvities
Sessional senrices		547,646	71,387	01S.036	733,435
Charity governance		14,821		14,821	11,960
		562,470	71,307	033,807	745,423
Other expenditure
Capital project and campaign
Total expenditure -Group		926,510	71,387	$97.897	1,180,394
Total expenditure -Charity		737,131	71,307	000,518	983,380

Expenditure	analysis	ofdirect an	d support	costs
		Cost of	Cost ot
		raising	charitable		8upport
		fvrlda	actMtles	Other costs	costs	Total 2022	Total 2021
Group		6		6	6	2	5
Staf costs (chadity)		82,655	264,179		251,304	598,138	743,624
Staf oosts (trading)*		86,709				86,709	75,953
Other trading costs'		97,471				97dlyt	117,052
Other service costs			72,837			72,837	29,129
Fundraising		19,822				19,822	4,632
Running capital project
Audit		5,200	8,090			13260	11,800
Other governance	costs		12			12	(3)
Communications					11,611	11,611	16,566
Depreciation					1,507	1,507	88,359
Premises, office	it IT				65,753	65,753	57,042
Management 6 HR Financial administration					27,694 3,054	27,694 3.054	63,334I
		291,856	345,118		360,923	997.897	I,180,394
Support costs		72,185	288,738		~360,923
Total expenditure	2022
Total expenditure	2021	434,971	745,423

			Group	Group	Charity	Chanly
			m22	2021	2022	2021
				E		E
Depreciation on tangible fixed assets			63,367	71,273	01,241	68,359
Auditor's	remuneration		13,200	11,800	8,000	7,800
Auditor's	remuneration	-non-audit
Pension	costs		17,706	18,855

Staffcosts were as follows:
		Group	Group	Chadty	Chsdfy
		2022	2021	2022	2021
		E			E
Wages and salaries		806/18	725,355	528,891	655,730
Socklt security costs		58,722	02054	52,958	57,672
Pension costs		17,706	18,855	16,289	17,539
		664.846	806,094	598,138	730,941
The average number of people employed	by the charitable	group during the year wss as		folknvs:
		Group	Group	Chanty	ChaW
		2022	2021	2022	2021
		No.	No.	No.	No.
Sessional services		8	11	8	11
Fundnllsmg		1	2	1	2
Retail shops		5	5
Supporl		10	6	10
			26	10	21

Tangible fixed assets
	Land &	Furniture &	Fixtures &
	headings	equipment	fltgngs	Total
Group	6	6	6	6
Cost
At 1 January 2022	1,192,156	262,568	146,363	1,601,087
Additions
Diepcsals
At 31 December 2022	1,192,156	262,568	146,363	1,601,087
Depreciation
At 1 January 2022	136,580	209,164	106,645	452,389
Charge for the year	21,154	26,99D	15,223	63,367
On dlsposals
At 31Deoember 2022	157,734	238,154	121,868	515,756
Net book value
At 31 December 2022	1,034,422	26r414	24,495	1,085,331
At 31December 2021	1,055,576	53,404	39,718	1,148,598
Charity
Cost
At 1 January 2022	1,170,474	255,325	140,833	1,566,632
Addaons
Dispcsals
At 31 December 2022	1,170,474	255,325	140,833	1,566,632
Depreciation
At 1 January 2022	114,898	204,664	100,826	420,388
Charge forthe year	21,154	24,909	15,178	61,241
On diapcsala
At31 December2022	136,052	229,573	116,004	481,629
Net book value
At 31 December 2022
At31December 2021

Debtors
		Group	Group	Charity		Ctwrfiy
		2022 6	2021f	2022 6		2021 f
Due aftw more than one year
Amounts owed by group	undertakings			07,031		115,001
Due within one year
Outstanding fees		1$,97$	2,952	1$,9'7$		2507
Amounts owed by group	undertakings			$7,1S1		50,492
Other debtors		21,949	21,275
Prepayments		1$,584	13,970
Accrued income		2,742	2,653
		52,148	40,559	148,035		198,180
Induded in the amounts	due tothe charity fmm group undertakings iss loan of2134,162from Cpotenlial				Trading	Ltd, a
wholly owned subsidiary	ofthe charity.	The loan beers interest at the rate	of2.5ye above the Bank ofEngland base rate.
Creditors
Amounts falling due within one year
		Group	Group	Charity		Charity
			2021f	2022 8		2021
Trade creditom		Sa,980	7,786	19,31$		6,467
Tax and social securily		100,926	17,300	106,107		16,066
Bank loan		11,228	8,333	11,220		8,333
Other creditors		4,784	4,450	4A57		4,103
Acciua le			52050	22,899		26,297
Defer'md IncoITIs			1,080			1,080
		2$1,266	01,014	16$,792		62,436
Amounts falling due after more than		one year
Rent deposit		18,667	18,667
Bank loan		31,988	41,657	31,666		41,667
		59,33$	60,334	31,886		41,887

repa	yable by	60 monthly instalmens off9	34.36.The final repayment is due	in February 20	27.
			Charity	Charity	Grotlp	Gnwp
			2022 6	2021f	2022	2021
Due	within 1	year	11,226	8,333	11,228	8,333
Due	between	1-2years	19,999	10,000	19,999	10,000
Dus	bshussn	2-5nuns	11,667	30,000	11,667
Due	after 5 years			1,667		1,687
			42,892	50,000	42,892	50.000

		GrOUght	Incoming	Resounws	Gains)		Carried
		forwardt	resources 6	Oupslldsd 2	(losses)t	Tfensfofs 6	forward 6
Restricted funds
Capital campaign fund			4,080				4,080
Equipment fund		6,872	3,500	(7,872)			2,500
Early intervention fund			26,750	(19,084)			7,666
Wegbeing Therapy	fund	1,200		(1,200)
Weekend Activibes			33,463				33,4$3
Speech &Language	Theral	5,000		(5,000)
Immersive Story			7,433	(7,433)
Impact Measures Fremewo			26,500	(22,000)
Music Therapy fund			14144	(8,708)
		13,072	116,770	(71,387)
Designated funds
Land 8 building reserve		1,175,000					1,175,000
Maintenance reserve
Retail reserve		185,000					1$5,000
Innovation reserve
Events reserve
Gsnsralfunds		(165,064)	568,661	(926,510)			(522.813)
Total unrestricted							837,087
TotSI Offllllds		1,208,008	685,431	(997,897)			8$5,542
Reatrktad funds 2023
Capital campaign fund		e,6e6		(9,595)
Equipment fund		35,273	34,705	(63,fca)
Early intervenbon fund		32,527	39,992	(72,519)
			9,990	(8,700)			1,298
			5,660
Music therapy fund			15,906	(15,666)
		77,395	164,597	(lS8,919)			13,673
Designated funds	2021
Land 5 building reserve		1,175,000					1.175,698
Maintenance reserve		140,000				(149,066)
Retail reserve		166,OOO					185,669
Innovsgon reserve		250,000				(259,006)
Eveflts f8ssnm						(30,666)
General funds 2021		(213,360)	639,791	(1,011,475)		426,609	(168,694)
Total unmmrlcted	2021	1,566,626	639,791	(f,of1,475)			1,194,838
Total offunds 2021		1,644,015	744,388	(1,180,393)			1,28fl,689

Purposes	of	restricted	restricted	restricted	restricted	funds	funds
Capital campaign				fund				The capital campaign fund consists of monies donated for an extension snd improvements to the Centre's building.		the development			of
Equipment	fund							The equipment fund consists of monies donated for the	purchase ofsmall			items
								and capital items for the font-line services.
Early interventen				fund				The early intervention fund consists ofmonies received	for delivering		our	pre-
								school and outreach services.
Music therapy		fund						The music therapy fund consists ofmonies received for	the provision		of music
								therapy.
Wellbeing	therapy			fund				The wellbeing therapy fund consists of monies received	for the provision of
								wsllbeing therapies for families.
Speech &	Language				therapy		fund	The speech &language therapy fund consists ofmonies	received for		the
								provision ofspeech and language therapy.
Weekend	adivities							Ths weekend activities fund received monies for provision		of play activities st
								weekends.
Immersive	Stmy							The Immersive Story fund consists of monies to deliver	reading snd story			telling
								activities.
Impact Measures				Framework				The Impact Measures Framework consists ofmonies to	develop an outcome
								indicators in therapy services effectiveness.
Purposes	of	designated				funds
Land &building			reserve					The land and building reserve represents the unrestricted		funds invested		in the
								charity's freehold land and buildings plus sn allowance for		forthcoming	additions
								which are nol therefore available for other purposes.
Maintenance		reserve						The maintenance reserve is monies set aside by the Trustees forthe			future
								maintenance ofthe charity's land and buildings.
Retail reserve								Ths retail reserve represents money loaned to the charity's		trading subsidiary
								company and therefore not available for other purposes.
Innovation	reserve							The innovation reserve is monies set aside by the trustees		in order to	be able to
								pilot nsw activities that do not yet have funding including	new services, new
								partnerships and new fundraising progremmss.
Events reserve								The events reserve is money set aside to allow for the organising offundraislng
								and promotional events where costs have to be paid out	before income is
								received.