Registered number 06084929 Charity Number 1127865
Bexley Moorings Project
Report and Accounts
31 March 2023
Mattison & Co Accountants 70 High Street Chislehurst Kent BR7 5AQ
## Bexley Moorings Project Company Information
## Directors
Mr Mike Anscombe Mr Graham Lettington Mr Bhavin Patel Mr Phillip Collins Mr Roy Ashmole - Resigned June 2022 Sarah Johnstone
Accountants Mattison & Co 70 High Street Chislehurst Kent BR7 5AQ
Registered office Welling Youth Centre 1 Lovel Avenue Welling Kent DA16 3JQ
Registered number 06084929
Registered Charity number 1127865
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## Bexley Moorings Project
## The report of the Trustees for the year ended 31 March 2023
## Introduction
The Trustees present their annual report and accounts for the year ended 31 March 2023
The board of Trustees are satisfied with the performance of the Charity during the year and the position at 31 March 2023 and consider that the Charity is in a strong position to continue its activities during the coming year, and that the Charity’s assets are adequate to fulfil its obligations.
Name, registered office and constitution of the Charity
The full name of the Charity is Bexley Moorings Project.
The legal registration details are:-
Date of incorporation February 6, 2007 Company Registration Number 06084929 The Registered Office is Welling Youth Centre 1 Lovel Avenue, Welling, DA16 3JQ Charity Registration Number 1127865
A summary of the objectives of the Charity is as set out in its governing document.
Bexley Moorings Project exists to relieve hardship, need and distress amongst young people.
## Structure, Governance and Nianagement Nature of the Governing Document and Constitution of the Charity
The Charity is limited by guarantee and is governed by the rules and regulations set out in the memorandum and articles of association.
## The major risks to which the Charity is exposed - reviews and systems to mitigate risks
The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The committee have also examined other operational and business risks faced by the Charity and confirm that they have systems in place to mitigate the significant risks.
## Policies on reserves
It is the aim of the Charity to maintain unrestricted funds together with committed funding at a level which equates to approximately 12 months unrestricted expenditure. This will provide sufficient funds to cover management, administration and support costs.
2
## Bexley Moorings Project
## The report of the Trustees for the year ended 31 March 2023
## Transactions and Financial position
The financial statements are set out on pages 6 to 11. The financial statements have been prepared implementing the 205 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and the Charities Act 2011 and in accordance with FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entitles by section 1A of the standard. As stated in the introduction to this report, the Trustees consider the financial performance by the Charity during the year to have been satisfactory.
The Statement of Financial Activities show net surplus in incoming resources for the year of a revenue nature of £75,569 (2022 was minus £26,617).
The total reserves at the year-end after accounting, stand at £195,370 (2022 was £119,801).
## Share Capital
## The company is limited by guarantee and therefore has no share capital.
The members of the Board of Trustees of the Charity during the year ended 31 March
2023 were:-
Mr M Anscombe Mr G Lettington Mr B Patel Mr P Collins Ms R.Akehurst — Joined February 2023 Mr R Ashmole — Resigned June 2022 Ms Sarah Johnstone — Resigned February 2023
All the directors of the company are also Trustees of the Charity, and their responsibilities include all the responsibilities of directors under the Companies Act and of Trustees under the Charities Acts.
The members of the Board of Trustees of the Charity at the date of the report and accounts were approved were:-
Mr M Anscombe Mr G Lettington Mr B Patel Mr P Collins Ms R Akehurst
## Independent Examiner
Mattison & Co Accountants 70 High Street Chislehurst Kent BR7 5AQ
3
## Bexley Moorings Project
## The report of the Trustees for the year ended 31 March 2023
## Statement of Directors’ and Trustees’ Responsibilities
The Charities Act and the Companies Acts require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit of the Charity. In preparing those financial statements the Board is required to:-
- select suitable accounting policies and then apply them consistently;
- - make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business;
- - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which are sufficient to show and explain the Charity’s transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations under the Charities Act. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees’ report, and the responsibility of the independent examiner in relation to the Trustees’ report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
## Method of preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
## This report was approved by the board of Trustees on 05/1 2123
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Spat ee
Director and Trustee
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## Independent Accountants’ review report to the Trustees of Bexley Moorings Limited
We have reviewed the accounts of Bexley Moorings Limited for the year ended 31 March 2023, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the Company's Trustees as a body, in accordance with the terms of our engagement letter dated 6 October 2017. Our review has been undertaken so that we might state to the Trustees those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company as a body for our work, for this report or the conclusions we have formed.
## Accountants’ responsibility
Our responsibility is to express a conclusion based on our review of the accounts. We conducted our review in accordance with International Standard on Review Engagements (!SRE) 2400 (Revised).
## Scope of the assurance review
A review of the accounts in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquires of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express audit opinion on these accounts.
## Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accounts have not been prepared:
- e Soas to give a true and fair view of the state of the Company's affairs as at 31 March 2022, and of its profit for the year then ended;
- e Inaccordance with United Kingdom Generally Accepted Accounting Practice applicable to smailer entities; and
- e In accordance with the requirements of the Companies Act 2006.
## Notlen go
Mattison & Co Accountants 70 High Street Chislehurst Kent BR7 5AQ
5
## Bexley Moorings Project Statement of financial activities for the year ended 31 March 2623
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||||||
|---|---|---|---|---|
|2023|2022|
|£|£|
|Turnover|337,054|254,125|
|Direct costs|of turnover|(261,202)|(278,871)|
|Gross surplus|75,852|~” (24,746)|
|Governance|costs|(1,197)|(1,890)|
|Operating Surplus|“74,655 -|”|[(26,636)]|
|Interest|receivable|914|19|
|Surplus / (Deficit) on ordinary|activities|before taxation|“75,569|(26,617)|
|Total|funds|brought forward|119,801|146,418|
|Total funds|carried|forward|195,370|119,801|
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Bexley Moorings Project
Registered Company number: 06084929
Registered Charity number: 1127865
Balance Sheet
as at 31 March 2023
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2023 2022
£ £
Fixed assets
Tangible assets - 1,990
Current assets
Debtors 134,195 31,250
Cash at bank and in hand 146,566 127,551 |
280,761 158,801
Creditors: amounts falling due
within one year (85,391) (40,990)
Net current assets 195,370 117,811
|
Net assets 195,370 119,801
Capital and reserves
Reserve account 195,370 119,801
Shareholders’ funds 195,370 119,801
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The Trusteess are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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eet,
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Bhavin Patel Director Approved by the board on 5 December 2023
Z
## Bexley Moorings Project Statement of Changes in Equity for the year ended 31 March 2023
|||Total|
|---|---|---|
||Reserve||
||account||
||£|£|
|At 1 April2021|146,418|146,418|
|(Deficit) forthe financialyear|(26,617)|(26,617)|
|At31 March2022|419,801 _ 119,801||
|At 1 April 2022|119,801|119,801|
|Surplusforthe financialyear|75,569|75,569|
|At31March2023|195,370|195,370|
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## Bexley Moorings Project Notes to the Accounts For the year ended 31 March 2023
## (a) ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and all other applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008) Accounting Standards and the Charities Act 2011. The accounts have been drawn up in accordance with the provisions of the Charities Act 2011 and the Companies Act 2006, and include the results of the Charity’s operations which are described in the Trustees’ Report, all of which are continuing.
In so far as the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008), UK Accounting Standards and the Charities Act 2011 requires compliance with specific Financial Reporting Standards other than the FRSSE then the specific Financial Reporting Standards have been followed where their requirements differ from those of the FRSSE.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the Charity’s operation and in order to comply with the requirements of the SORP.
The Charity has taken advantage of the exemption in the FRS 102 Section 1A from the requirement to produce a cash flow statement.
Basis of Preparation The financial statements are prepared on an ongoing concern basis, under the historical cost convention.
The Charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.
## (b) INCOMING RESOURCES Recognition of incoming resources
- These are included in the Statement of Financial Activities (SoFA) When:
- e the Charity becomes entitled to the resources;
- e the Trustees are virtually certain they will receive the resources; and e the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure When incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations
Grants and donations are only included in the SoFA when the Charity has unconditional entitlement to the resources.
Investment income
This is included in the accounts when receivable.
## (c) EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.
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## Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of Trustee meetings and cost of any legal advice to Trustees on governance or constitutional matters.
Grants with performance conditions Where the Charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such as grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the Charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories ona basis of consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## Fundraising Costs
In 2022 Salaries and wages have been allocated between Direct Charitable Activities and Costs of Generating Voluntary Income, including costs of raising funding, as shown in note 2 to the accounts. The split of salary costs has been made based on the actual time spent on each of the separate activities by the relevant staff concerned.
(d) ASSETS These are capitalised if they can be used for more than one year, and cost more than £500. They are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its’ expected useful life, as follows:
## Equipment: Over 4 years
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(e) DEBTORS 2023 2022 2021
££
(f) CREDITORS — AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022 2021
£ £ £
Sundry creditors and accruals 85.391 40,990 8.816
(g) CASH AT BANK AND IN HAND
* The cash in hand has been revalued, and going forward will be broken down between restricted
and unrestricted funds.
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2023 2022 2021
£ £ £
Restricted 76,107 65,392
Unrestricted 70,459 62,159
146,566 127,551 90,806
(h) TRUSTEE EXPENSES
During the year there were no payments made to trustees.
(i) FEES FOR EXAMINATION OF THE ACCOUNTS
2023 2022 2021
£ £ £
Independent examination fees 924 924 924
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## 2. RESTRICTED AND UNRESTRICTED FUNDS
|Incoming Resources
Incoming resourcesfromgeneratedfunds|||2023|2022|
|---|---|---|---|---|
||Restricted|Unrestricted|Total||
|EPEC|22,267||22,267|-|
|Bexley London Borough|32,500||32,500|30,000|
|Billy Ford
B.N.1
BVSC Social Prescribing|15,000|970
3,644|970
3,644
15,000|6,422|
|CAMHS Transformation|17,000||17,000|21,979|
|CBTTriage|30,000||30,000|15,500|
|C.C.G.
C.C.G Wintermoney|15,000
25,000||15,000
25,000||
|CHOICES|||-|4,636|
|DrMartens|10,052||10,052||
|Employee pension|1,358||1,358|3,133|
|Fundraising / Donations||5,079|5,079|5,958|
|Golfday||6,479|6,479|6,284|
|Groundworks London|||-|3,311|
|Health Education England|72,252||72,252|83,411|
|J.B.H CBT Sessions|||-|5,710|
|Interest receivable||914|914|19|
|Bike Ride||7,870|7,870||
|ParentCarers Network|28,125||28,125|3,866|
|Parent Carers Evaluation|28,125||28,125|31,250|
|Young Londoners Fund
Total incomingresources|16,332
313,011|24,957|16,332
337,968|32,665
254,144|
|Governace costs|Restricted|2023
Unrestricted|Total|2022|
|Accountancy and independent examination fees|924||924|924|
|Filing fee|13||13|13|
|Otherlegal& professional|260||260|943|
||1,197|-|1,197|1,880|
|Charitable activites|||||
|Salaries
Volunteerexpenses|225,480
1,591||225,480
1,591|245,255
800|
|Club activities||91|91|247|
||227,071|91|227,163|246,302|
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||Costofgeneratingvoluntary income
Staffexpenses
Pensionfund
Rent
Stationery/postage /photocopier
Telephone
LT|Costofgeneratingvoluntary income
Staffexpenses
Pensionfund
Rent
Stationery/postage /photocopier
Telephone
LT||1,026
3,298
8,843
1,585
1,611
3,654||1,026
3,298
8,843
1,585
1,611
3,654|51
6,671
7,625
766
1,641
4,928|
|---|---|---|---|---|---|---|---|
||Training
Insurance
Membership
Depreciation
Bankcharges
Fund raisingexpenses
Computer/ Internet
Sheild costs|||5,145
1,324
1,946
72|4,990
276|5,145
1,324
1,946
1,990
72
276
-
~|825
1,163
990
6,434
96
230
539
404|
||Sundry|||28,503.00|3,270
5,535.91|3,270
34,039|206
32,569|
|3.|NETMOVEMENT IN FUNDSFORTHE|THE|YEAR|||||
||Restricted
Unresctricted|01-Apr-22
(22,205)
142,006
119,801||Income
—_Expenditure
313,011
24,957
337,968|Expenditure
256,771
5,627
262,399|0|31-Mar-23
34,035
161,336
195,371|
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## Bexley Moorings Project Detailed income and expenditure account for the year ended 31 March 2023
This schedule does not form part of the statutory accounts
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||||||
|---|---|---|---|---|
|2023|2022|
|£|£|
|;|
|Turnover|337,054|254,125|
|Direct costs of turnover|(261,202)|(278,871)|
|Gross surplus|75,852|(24,746)|
|Governance costs|(1,197)|(1,890)|
|Operating surplus|/ (deficit)|74,655|§~—~«|(26,636)|
|Interest|receivable|914|19|
|Surplus on ordinary|activities|75,569|(26,617)|
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## Bexley Moorings Project Income and expenditure account for the year ended 31 March 2023
This schedule does not form part of the statutory accounts
||2023|2022|
|---|---|---|
||£|£|
|Turnover|||
|Fundraising
Grants
Employee Pension Cont|24,043
311,653
____-1,358|17,953
233,039
3,133.|
||337,054|254,125|
|Directcosts ofturnover|||
|Wagesand salaries|225,480|245,255|
|Pensions
Stafftrainingandwelfare|3,298
5,145|6,671
825|
|Club / activities|91|247|
|Volunteerexpenses|1,591|800|
|Rent
Telephoneand I.T|8,843
5,265|7,625
7,108|
|Stationery, postageand photocopier|1,585|766|
|Subscriptions
Bankcharges|1,946
72|990
96|
|Insurance
Depreciation|1,324
1,990|1,163
6,434|
|Sundryexpenses
Governance costs|4,572
____261,202|891
278,871|
|Accountancyfees
Other legaland professional|937
260,|937
953_|
||1,197|1,890|
||262,399|280,761|
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