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|REFERENCE AND ADMINISTRATIVE
INFORMATION|..|
|---|---|
|TRUSTEES' REPORT FOR THE YEAR ENDED 31MARCH 2023.....||
|STATEMENT OF TRUSTEES' RESPONSIBILITIES..||
|INDEPENDENT AUDITORS' REPORT..||
|STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING|INCOME & EXPENDITURE|
|ACCOUNT) ..||
|BALANCE SHEET.||
|CASH FLOW STATEMENT .||
|NOTES TO THE CASH FLOW STATEMENT.||
|NOTES TO THE ACCOUNTS.||
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|||||Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|||
||||Notes|f|6|6|||
|Income from:|||||||||
|Donations||||82,521||30,557|113,078|230,333|
|Investment
income||||11,071|||11,071|32,526|
|Charitable
activities||||173,369|||173,369|136,712|
|Other trading
income||||6,742|||6,742|6,393|
|Total income||||273,703||30,557|304,260|405,964|
|Expenditure|||||||||
|Raising funds|||||||||
|Investment
management||costs||154|||154|24,754|
|Charitable
activities|||||||||
|SKToperations||||191,265|||191,265|52,136|
|Enterprise
hub||||179,570|||179,570|154,224|
|The Granville||||173,223|||173,223|150,714|
|Community
engagement||||54,387||24,345|78,732|58,853|
|Youth Provision||||34,822|||34,822|29,125|
|Employment||||23,420|||23,420|22,401|
|||||656,687||24,345|681,032|467,455|
|Total expenditure||||656,841||24,345|681,186|492,209|
|Net expenditure|||||||||
|before transfers||||(383,138)||6,212|(376,926)|(86,245)|
|Transfers|||||||||
|Gross-transfers
between||funds|14|357,197|(350,000)|(7,197)|||
|Other recognised|gains|and|||||||
|losses|||||||||
|Gain on investment|properties|||||||90,950|
|Net (expenditure)|Iincome for the||||||||
|period||||(25,941)|(350,000)|(985)|(376,926)|4,705|
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||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|
||||Notes||||E|||
|Fixed assets||||||||||
|Tangible assets||||||5,844|||7,094|
|||||||5,844|||7,094|
|Current assets||||||||||
|Debtors|||11|11,107|||48,248|||
|Investment|||10||||1,030,950|||
|Cash at bank and|in hand|||3,951,851|||3,258,119|||
|||||3,962,958|||4,337,317|||
|Creditors: amounts||falling due within||||||||
|one year||||(57,126)|||(55,809)|||
|Net current assets||||||3,905,832||4,281,508||
|Total assets less|current liabilities|||||3,911,676||4,288,602||
|Funds||||||||||
|Restricted income|funds||13|||113,937|||114,922|
|Unrestdicted
funds:||||||||||
|Designated
funds||||||3,790,950||4,140,950||
|Other charitable
funds||||||6,789|||32,730|
|Total charity funds||||||3,911,676||4,288,602||
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|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Notes||f||f|
|Net cash|(outflow)/inflow|from operating|||||||
|activities||||||(348,289)||(83,724)|
|Returns|on Investments|and|servicing of||||||
|finance|||||||||
|Interest received|||||11,071||1,326||
|Net cash|inflow from returns||on||||||
|investments
and servicing offinance||||||11,071||1,326|
|Capital expenditure|||||||||
|Payments|to acquire tangible fixed assets||||||(4,133)||
|Proceeds|ofsale ofinvestment||properties||1,030,950||||
|Net cash|inflow/(outflow)|from capital|||||||
|expenditure||||||1,030,950||(4,133)|
|Increase/(decrease)
in cash||||||693,732||(86,531)|
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|a|Net cash (outflow)/inflow
from operating|Net cash (outflow)/inflow
from operating|activities for the period|activities for the period|2023
f|2022
f|
|---|---|---|---|---|---|---|
||Changes
in resources|before revaluations|||(376,926)|(86,245)|
||Interest receivable||||(11,071)|(1,326)|
||Depreciation
oftangible fixed assets||||1,250|1,319|
||Movement
in debtors||||37,141|29,519|
||Movement
in creditors||||1,317|(26,991)|
||||||(348,289)|(83,724)|
|b|Reconciliation ofnet|cash flow to movement||in net funds|2023|2022|
||||||f||
||Increase/(decrease)|in cash|||693,732|(86,531)|
||Net funds at 1 April 2022||||3,258,119|3,344,650|
||Net funds at 31 March 2023||||3,951,851|3,258,119|
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|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2023|2022|
|||f|f|f|f|f|
|Donations||82,521|||82,521|163,219|
|Grant income||||30,557|30,557|27,795|
|Government|grant-||||||
|Coronavirus|Job Retention||||||
|Scheme||||||8,956|
|Kick Start Scheme||||||12,363|
|London Borough ofBrent|||||||
|Restart Grant||||||18,000|
|||82,521||30,557|113,078|230,333|
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|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2023|2022|
|||f|f|f|f||
|Rental|income|||||31,200|
|Interest|receivable|11,071|||11,071|1,326|
|||11,071|||11,071|32,526|
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|Charitable|activities|Activities|Support costs|Total|
|---|---|---|---|---|
|||undertaken|||
|||directly|||
|||2023|2023|2023|
|SKT Operations||7,611|183,654|191,265|
|Enterprise|hub|34,176|145,394|179,570|
|The Granville||27,827|145,396|173,223|
|Community|engagement|15,957|62,775|78,732|
|Youth provision||18,282|16,540|34,822|
|Employment||2,552|20„868|23,420|
|||106,405|574,627|681,032|
|2022||108,563|358,892|467,455|
|||||2023|2022|
|---|---|---|---|---|---|
|||||6|6|
|Governance||||28,801|20,503|
|Information|technology|||17,920|24,338|
|Legal and professional|||fees|128,594|22,472|
|Depreciation/loss||on disposal||1,250|1,319|
|Salaries||||~398062|290326|
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|Net incoming|resources for the year|||
|---|---|---|---|
|||2023|2022|
|||f|f|
|Net incoming|resources for the year are stated aRer charging:|||
|Depreciation||1,250|1,319|
|Auditors
remuneration||||
|-audit services||4,500|4,200|
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|The average
|monthly
number
ofemployees
du ding t|he year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Management|||3|
|Administration|||1|
|Services (Ioperations|||7|
|||15||
|Employment|costs|2023|2022|
|||f|f.|
|Wages and salaries||356,646|265,657|
|Social security|costs|26,293|13,012|
|Pension costs||15,123|11,658|
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|9|Tangible fixed assets||||
|---|---|---|---|---|
|||Fixtures &|Office|Total|
|||Fittings|Equipment||
||Cost|f||f|
||At 1 April 2022|3,688|6,929|10,617|
||Additions||||
||Disposals||||
||At 31 March 2023|3,688|6,929|10,617|
||Depreciation||||
||At 1 April 2022|1,423|2,100|3,523|
||Charge forthe year|340|910|1,250|
||Disposals||||
||At 31 March 2023|1,763|3,010|4,773|
||Net book value||||
||At 31 March 2023|1,925|3,919|5,844|
||At 31 March 2022|2,265|4,829|7,094|
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|11|Debtors||||2023|2022|
|---|---|---|---|---|---|---|
||||||8|5|
||Trade debtors||||9,979|11,380|
||Prepayments|and accrued income|||1,128|36,868|
||||||11,107|48,248|
|12|Creditors: amounts||falling due within one year||2023|2022|
|||||||E|
||Trade creditors||||19,506|5,205|
||Other creditors||||8,722|10,877|
||Accruals and deferred|||income|28,898|39,727|
||||||57,126|55,809|
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|17|Leasing agreements||||2023|2022|
|---|---|---|---|---|---|---|
||Minimum
lease payments|under non-cancellattle|operating|leases fall due:|6|6|
||Within one year|||||5,195|
||Two to five years||||||
||More than 5 years||||||
|||||||5,195|