||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|
##
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##
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##
|||||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.||||||
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