2022-03-31-accounts - Octopus Community Network

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Chairman's Report
Treasurer's Report
Report ofthe Trustees			3 to	9
Independent Examfner's	Report		10
Statement ofFinancial Activities
Statement ofFinancial	Position		12 to	13
Notes to the Financial Statements			14 to	23
Detailed Statement ofPinancial		Activities	24 to	25

FOR T	HK Y	EAR	ENDED 31M	ARCH 2022
					31.3.22'	31.3.21
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes		6
INCOME FROM
Grants		2	42,016	394,231	436,247	476,937
EXPENDITURE ON
Charitable activities
City Bridge Trust Wave 2				(2,894)	(2,894)	33,408
National Lottery SWLW				177,918	177,918	280,274
Core Funding Other			47,441	1	47,442
LBIMatch WCG				1,615	1,615	15,972
LBIAndover Inspires				14,791	14,791	15,287
National Lottery						17,367
Grow BackGreener				25,720	25,720	3544
LBICommunity Growing Strategy				5,616	5,616	18,710
LBIEstates Growing and Community	Plant
Nursery				6,442	6,442	6,147
Elizabeth House Blackstock Trust				4,464	4,464	3,456
Cripplegate Foundation						5,000
City Bridge Trust Bridging Divides				41,705	41,705
Climate Action Fund				67&908	67,908
North London Waste Authority				6,289	6,289
Breathe				2,936	2,936
PHE Mental Health				8,350	8,350
Total			47,441	360,861	408802	399,165
NET INCOME/(EXPENDITURE)			(5,425)	33,370	27&945	77,772
Transfers between funds		14	43,949	(43,949)
Net movement in funds			38,524	(10,579)	27,945	77,772
RECONCILIATION OFFUNDS
Total funds brought forward			94,992	229,404	324,396	246,624
TOTAL FUNDS CARRIED FORWARD			133,516	218,825	352,341	324,396

STATEME	NT OF FINANCIAL 31MARCH 2022	POSITION
		31.3.22	31.3.21
	Notes
FIXEDASSETS
Tangible assets	10	7,047	8,947
CURRENT ASSETS
Debtors		26,569	36,439
Cash at bank		336,799	289,734
		363r368	326,173
CREDITORS
Amounts falling due within one year	12	(18,074)	(10,724)
NET CURRENT ASSETS		345,294	315,449
TOTAL ASSETSLESSCURRENT
LIABILITIES		3525341	324,396
NET ASSETS		352,341	324,396
FUNDS	14
Unrestricted funds		133,516	94,992
Restricted funds		218,825	229,404
TOTALFUNDS		,352,341	324,396

GRANTS
				31.3.22	31.3.21
National Lottery				224,837	294,873
Miscellaneous Income				4,358	3,077
City Bridge Trust				47,375	49,150
LBIOther					238
LBICommunity Growing	Strategy				20,000
Evening Standard Dispossessed		Fund		(300)
LBI				113,986	48,250
Estate Growing Plant Nursery				13,450	20,000
Groundwork/ Grow Back	Greener			7,343	14,686
Andover Inspires					16,000
Elizabeth House Blackstock Trust				9,038	5,663
Cripplegate Foundation					5,000
North London Waste Authority				11,250
Royal Mencap Society				4,910
				436,247	476,937
CHARITABLE ACTIVITIES		COSTS
				Support
			Direct	costs (see
			Costs	note 4) 6	Totals '6
City Bridge Trust Wave 2			460	(3,354)	(2,894)
National Lottery SWLW			175,878	2,040	177,918
Core Funding Other			38,039	9,403	47,442
LBIMatch WCG				1,615	1,615
LBIAndover Inspires			12,752	2,039	14,791
Grow BackGreener			26,182	(462)	25,720
LBICommunity Growing	Strategy		4,595	1,021	5,616
LBIEstates Growing and
Community Plant Nursery			5,421	1,021	6,442
Elizabeth House Blackstock Trust			3,443	1,021	4,464
City Bridge Trust Bridging	Divides		37,859	3,846	41,705
Climate Action Fund			65,951	1,957	67,908
North London Waste Authority			6,289		6,289
Breathe			2,936		2,936
PHE Mental Health			8350		8,350
			388,155	20)147	408,302

SUPPORT COSTS
				Governance
		Management	Other	costs	Totals
City Bridge Trust Wave 2		138	(597)	(2,$95)	(3,354)
National Lottery SWLW		446	954	640	2,040
Core Funding Other		7,022	(1,774)	4,155	9,403
LBIMatch WCG		1,615			1,615
LBIAndover Inspires		445	954	640	2,039,
Grow BackGreener		139	(599)	(2)	(462)
LBICommunity Growing	Strategy	223	478	320	1,021
LBIEstates Growing and Community
Plant Nursery		223	47$	320	1,021
Elizabeth House Blackstock Trust		223	478	320	19021
City' Bridge Trust Bridging Divides		535	2,221	1,090	3,846
Climate Action Fund		394	1,243	320	1,957
		11,403	3,836	4,908	20,147
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after	charging'(crediting):
				31.3.22	31.3.21
				5
Depreciation -owned assets				1,900	2,539
Independent Examiners Fees				2,400	2,400

STAFF COSTS
						31.3.22	31.3.21
Wages snd salaries						194,051	168,595
Other pension costs						5,523	5,326
						199,574	173,921
The average monthly		number ofemployees		during the year	was as follows:
						31.3.22	31.3.21
Charitable Activities						9	9
No employees received emoluments			in excess off60,000.
COMPARATIVES	FORTHE STATEMENT OF FINANCIAL ACTIVITIES FOR						YEAR
31.3.2021
					Unrestricted	Restricted	Total
					funds	fund	funds
							L
INCOME FROM
Grants					39,327	437,610	476,937
EXPENDITURE ON
Charitable activities
City Bridge Trust Wave 2						33,408	33,408
Nadonal Lottery SWLW					31,218	249,056	280,274
LBIMatch WCG						15,972	15,972
LBIAndover Inspires						15,287	15,287
National Lottery						17,367	17,367
Grow BackGreener						3,544	3,544
LBICommunity Growing Strategy						18,710	18,710
LBIEstates Growing	and Community
Plant Nursery						6,147	6,147
Elizabeth House Blackstock Trust						3,456	3,456
Cripplegate Foundation						5,000	5,000
Total					31,218	367,947	399,165
NET INCOME					8,109	69,663	77,772
RECONCILIATION		OF FUNDS
Total funds brought	forward				86,884	159,740	246,624

8.	COMPARATIVES FO 31.3.2021 - continued	RTHE STATE	MENT O	F FINANCIAL ACTI	VITIES FOR	YEAR
				Unrestricted	Restricted	Total
				funds	fund	funds
				f.		h
	TOTAL FUNDS CARRIED
	FORWARD			94,993	229,403	324,396
9.	KEY.MANAGEMENT	PERSONNEL
	The charity consider its key management		personnel	comprised ofthe trustees.
10.	TANGIBLE FIXEDASSETS
				Plant and	Computer
				machinery	equipment	Totals
	COST
	At I April 2021 and 31March 2022			23,622	5,884	29,506
	DEPRECIATION
	At I April 2021			16,858	3,701	20,559
	Charge for year			1,354	546	1,900
	At 31March 2022			18,212	4,247	22,459
	NET BOOKVALUE
	At 31March 2022			5,410	1,637	7,047
	At 31March 2021			6,764	2,183	8,947
11.	DEBTORS;AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.22	31.3.2l
	,Trade debtors				23,728	24,777
	Other debtors				2,841	1,662
	Accrued Income					10,000
					26,569	36,439

			31.3.22	31.3.21
Trade creditors			89021	7,438
Social security and other taxes			7,415
Other creditors			238	886
Accrued expenses			2,400	2,400
			18,074	10,724
ANALYSIS OFNET ASSETS	BETWEEN FUNDS
			31.3.22	31.3.21
	Unrestricted	Restricted	Total	Total
	funds	fund	funds	funds
Fixed assets	2777	4,270	7,047	8,947
Current assets	148,813	214,555	363,368	326,173
Current liabilities	(18,074)		(18,074)	(10,724)
	133,516	218,825	352,341	324,396
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At I/O/2 l	in funds	funds	31/3/22
		I
Unrestricted funds
General fund	94,992	(5,425)	43,949	133,516
Restricted funds
Restricted funds	229,404	33,370	(43,949)	218,825
TOTAL FUNDS	324,396	27,945		352,341

			Incoming		Resources	Movement
			resources		expended	in funds
Unrestricted	funds
General fund			42,016		(47,441)	(5,425)
Restricted funds
Restricted funds			394,231		(360,861)	33/70
TOTAL FUNDS			436,247		(408,302)	27,945
Comparatives	for movement	in funds
					Net
					movement	At
			At 1/4/20		in funds	31/3/21
Unrestricted	funds
General fund			86,884		8,108	94,992
Restricted funds
				'
Restricted funds			159,740		69,664	229,404
TOTAL FUNDS			246,624		77,772	324,396

	Incoming	Resources	Movement
	resources	expended	in funds
	6
Unrestricted funds
General fund	39,327	(31,219)	8,108
Restricted funds
Restricted funds	437,610	(367,946)	69,664
TOTALFUNDS	476,937	(399,165)	77,772

		31.03.2022	31.03.2021
		8
Unrestricted Funds
General fund		133,518	94,994
Restricted funds
LBIAndover Inspires		17,177	31,969
Highbury Quadrant		20,636	170
Breathe		12,122
LBILocal Initiative Fund		266	1,000
Climate Action Fund		18,915
Mene ap		4,910
Relish Embellish Cafe		4,962
Power to Change		8
LBICommunity Growing Strategy		(4,327)	1,289
Stay Well Live Well - National	Lottery	99,003	76,938
National Lottery			26,798
Elizabeth House		5,780	2,206
EG Plant Nursery		20,862	13,853
Grow BackGreener		(7,238)	11,142
City Bridge Trust (Bridging Divide Project)		25,749	15,735
We can Grow (Urban Growing	Match Funding)		48,302
Total Restricted Funds		218,823	229,402

F	ORTHE YEARENDED	31MARCH 2022
		31.3.22	31.3.21
INCOME
Grants
National Lottery		224,837	294,873
Miscellaneous Income		4,358	3,077
City Bridge Trust		47,375	49,150
LBIOther			238
LBICommunity Growing Strategy			20,000
Evening Standard Dispossessed	Fund	(300)
LBI		113,986	48,250
Estate Growing Plant Nursery		13,450	20,000
Groundwork/ Grow BackGreener		7/43	14,686
Andover Inspires			16,000
Elizabeth House Blackstock Trust		9,038	5,663
Cripplegate Foundation			5,000
North London Waste Authority		11,250
Royal Mencap Society		4,910
		436,247	476,937
Total incoming resources		436,247	476,937
EXPENDITURE
Charitable activities
Wages		194,051	168,595
Pensions		5,523	5,326
Insurance		4+33	2,695
Marketing		1,022	800
Rent		8,000	8,000
Materials		29,056	4,908
Event costs		3,089
Freelance staff		21&687
Travelling		137
Volunteer expenses		660	25
AGM dt annual report			13
Fundraising &Consultancy		3,000	4,022
Payments to Network Partners		117,262	186,292
StaffWelfare		335	4,818
Milkfloat costs			1,335
		388,155	386,829

		FORTHE YEAREND	ED 31MARCH 2022
			31.3.22	31.3.21
Support costs
Management
Membership	Fees		1,438	1,438
Payroll Cost			1,364	663
IT Support			6,701	1,426
Deprec - Tangible		Assets	1,900	1,204
			11,403	4,731
Other
Telephone			2,718	2,71]
Postage and stationery			1,107	309
Sundries			11
			3,836	3,020
Governance	costs
IE dr, Accountancy		fees	2,400	2,260
BookKeeping fees			2,508	2,325
			4,908	4,585
Total resources	expended		408i302	399,165
Net income			27,945	77,772