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|---|---|---|---|
|Reference and administrative||information||
|Trustees'
report|||4-8|
|Statement ofTrustees'|responsibilities|||
|Independent
auditors'|report||10-12|
|Statement
offinancial|activities||13-14|
|Balance sheet||||
|Cash flow statement||||
|Notes to the cash flow|statement||17|
|Notes to the accounts|||18-28|
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||||||Unrestricted|Designated|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|||
|||||Notes|6|6|6|E|F|
|income from:||||||||||
|Donations|||||202,638||27,795|230,333|345,607|
|Investment
income|||||32,526|||32,526|45,274|
|Charitable
activities|||||136,712|||136,712|67,052|
|Other trading
income|||||6,383|||6,393||
|Total income|||||378,169||27,795|405,964|457,933|
|Expenditure||||||||||
|Raising funds||||||||||
|Investment
management||costs|||24,754|||24,754|1,203|
|Charitable
activities||||||||||
|SKT operations|||||52,138|||52,138|46,593|
|Enterprise
hub|||||154,224|||154,224|158,923|
|The Granville|||||150,714|||150,714|159,023|
|Community
engagement|||||33,523||25,330|58,853|74,164|
|Youth Provision|||||29,125|||29,125|69,206|
|Employment|||||22,401|||22,401|23,247|
||||||442,125||25,330|467,455|531,156|
|Total expenditure|||||465,878||25,330|492,209|532,359|
|Net expenditure||||||||||
|before transfers|||||(88,710)||2,465|(88,245)|(74,426)|
|Transfers||||||||||
|Gross-transfers
between||funds||14|100,000|(100,000)||||
|Other recognised|gains|and losses||||||||
|Gain on investment|properties|||||90,950||90,950||
|Net income I(expenditure)|||for the period||11,290|(9,050)|2,465|4,705|(74,426)|
|Continued||||||||||
##
|Reconciliation|ofFunds|ofFunds||||||
|---|---|---|---|---|---|---|---|
|Fund balances|brought|forward||||||
|at 1 April 2021|||21,440|4,150,000|112,457|4,283,897|4,358,323|
|Fund balances|carried|forward||||||
|at 31 March 2022|||32,730|4,140,950|114,922|4,288,602|4283897|
||||||2022|||2021|
|---|---|---|---|---|---|---|---|---|
||||Notes|5|||||
|Fixed assets|||||||||
|Tangible assets||||||7,094||4,280|
|||||||7,094||4,280|
|Current assets|||||||||
|Debtors|||11|48,248|||77,767||
|Investment|||10|1,030,950|||940,000||
|Cash at bank and in hand||||3,258,119|||3,344,650||
|||||4,337,317|||4,362,417||
|Creditors: amounts|falling|due within|||||||
|one year|||12|(ss,sog)|||(82,800)||
|Net current assets||||||4,281,508||4,279,617|
|Total assets less current||liabilities||||4,288,602||4,283,897|
|Funds|||||||||
|Restricted
income funds|||13|||114,922||112,457|
|Unrestricted
funds:|||||||||
|Designated
funds (including||revaluation|||||||
|reserves of6410,855, 2021||F319,915))|14|||4,140,950||4,150,000|
|Other charitable
funds||||||32,730||21,440|
|Total charity funds||||||4,288,602||4,283,897|
|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||Notes||6||f|
|Net cash|(outflow)/inflow|from operating|||||||
|activities||||||(83,724)||102,285|
|Returns|on investments|and|servicing of||||||
|finance|||||||||
|Interest received|||||1,326||3,674||
|Net cash|Inflow from returns||on||||||
|investments
and servicing offinance||||||1,326||3,674|
|Capital expenditure|||||||||
|Payments|to acquire tangible fixed assets||||(4,133)||||
|Net cash|outflow from capital||||||||
|expenditure||||||(4,133)|||
|(Decrease)/increase
in||cash||||(86,631)||105.959|
##
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|a|Net cash (ouNow)/inflow
from operating|activities forthe period|activities forthe period|2022|2021|
|---|---|---|---|---|---|
||Changes
in resources before revaluations|||(86,245)|(74,426)|
||Interest receivable|||(1,326)|(3,674)|
||Depreciation
oftangible fixed assets|||1,319|1,918|
||Loss on disposal ofassets||||8,596|
||Movement
in debtors|||29,519|164,202|
||Movement
in creditors|||(26,991)|7,869|
|||||(83,724)|102,285|
|b|Reconciliation of net cash flow to movement||in net funds|2022|2021|
|||||f|f|
||(Decrease)/increase
in cash|||(86,531)|105,959|
||Net funds at 1 April 2021|||3,344,650|3,238,691|
||Net funds at 31 March 2022|||3,258,119|3,344,650|
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|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2022|2021|
|||E|8|E|E||
|Donations||163,219|||163,219|228,028|
|Grant income||||27,785|27,795|59,725|
|Government|grant-||||||
|Coronavirus|Job Retention||||||
|Scheme||8,956|||8,956|57,854|
|Kick Start Scheme||12,363|||12,363||
|I ondon
Borough ofBrent|||||||
|Restart Grant||18,000|||18,000||
|||202,538||27,795|230,333|345,607|
##
|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2022|2021|
|||E|E|E|E|E|
|Rentai|income|31,200|||31,200|41,600|
|Interest|receivable|1,326|||1,326|3,874|
|||32,526|||32,526|45,274|
##
##
|4|Analysis|ofexpenditure|on charitable
activities|||
|---|---|---|---|---|---|
||Charitable|activities|Activities|Support costs|Total|
||||undertaken|||
||||directly|||
||||2022|2022|2022|
||SKTOperations||13,638|38,502|52,138|
||Enterprise|hub|35,293|118,931|154,224|
||The Granville||32,776|117,938|150,714|
||Community|engagement|9,094|49,759|58,853|
||Youth provision||14,390|14,734|29,125|
||Employment||3,374|19,028|22,401|
||||108,563|358,892|467,455|
||2021||137,246|393,910|531,156|
||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Governance|||20,503|21,133|
|Information|technology||24,338|25,230|
|Legal and professional fees|||22,472|44,637|
|Depreciation/loss||on disposal|1,319|6,514|
|Salaries|||~290326|294 196|
##
|Net incoming
resources forthe year|||
|---|---|---|
||2022f|2021|
|Net incoming resources for the year are stated after charging:|||
|Depreciation|1,319|1,918|
|Auditors
remuneration|||
|-audit services|4,200|4,000|
##
|The average
|monthly
number ofemployees
during|the year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Management||||
|Administration||||
|Services &operations||||
|Employment|costs|2022f|2021
f|
|Wages and salaries||265,657|270,989|
|Social security|costs|13,012|19,810|
|Pension costs||11,658|12,604|
##
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##
|angible hxed|assets||||
|---|---|---|---|---|
|||Fixtures &|Office|Total|
|||Fittings|Equipment||
|Cost||8|8||
|At 1 April 2021||3,688|2,796|6,484|
|Additions|||4,133|4,133|
|Disposals|||||
|At 31 March|2022|3,688|6,929|10,817|
|Depreciation|||||
|At 1 April 2021||1,023|1,181|2,204|
|Charge for the year||400|919|1,319|
|Disposals|||||
|At 31 March|2022|1,423|2,100|3,523|
|Net book value|||||
|At 31 March|2022|2,285|4,829|7,094|
|At 31 March|2021|2,665|1,615|4,280|
|Current Asset Investments|||||
|||||Investment|
|||||property|
|||||E|
|Market value|at 1 April 2021|||940,000|
|Revaluation|in year|||90,950|
|||||1,030,950|
|Historical cost|||||
|At 31 March|2022|||820085|
##
|NO|TES TO TH|E AC|COUNTS FOR YEAR ENDED 31 Ma|rch 2022||
|---|---|---|---|---|---|
|11|Debtors|||2022|2021|
|||||E|E|
||Trade debtors|||11,380|42,077|
||Prepayments|and accrued income||36,888|35,690|
|||||48,248|77,767|
|12|Creditors: amounts||falling due within one year|2022|2021|
||Trade creditors|||5,205|11,097|
||Other creditors|||10,877|5,539|
||Accruals and|deferred income||39,727|66,164|
|||||55,809|82,600|
##
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##
||||||Movement|In funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Transfers|Investments|Balance at 31|
|||1|April 2021|resources|expended||gains/losses|March 2022|
||||E||E|f|E|E|
|Capital/development|||2,050,000|||(100,000)|90,950|2,040,950|
|Contingency|fund||100,000|||||100,000|
|Investment|fund||2,000,000|||||2,000,000|
||||4,150,000|||(100,000)|90,950|4,140,950|
##
|Analysis of net as|sets between
funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||E|E|E|
|Fund balances at|31 March 2022 are||||
|represented
by:|||||
|Tangible fixed assets||7,094||7,094|
|Current assets||4,222,395|114,922|4,337,317|
|Creditors: amounts|falling due within one year|(55,809)||(55,809)|
|||4,173,680|114,922|4,288,602|
##
||The trust was under the|control ofthe Trustees|throughout|the current and previous|period.||
|---|---|---|---|---|---|---|
|17|Leasing agreements||||2022|2021|
||Minimum
lease payments|under non-cancellabte|operating|leases fall due:|E|E|
||Within one year||||6,195|9,595|
||Two to five years|||||5,195|
||More than 5years||||||
||||||6,196|14,790|