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2021-03-31-accounts
|
− |
**FOR THE ** |
YEAR ENDED 31 MARCH 2021 |
| Trustees |
|
|
DMorris (Acting Chair from September 2020 and |
|
|
|
Chair from March 2021) |
|
|
|
DC Henry MBE (Chair until August 2020) |
|
|
|
J Roberts |
|
|
|
B Ackim |
|
|
|
K James |
|
|
|
F Nance |
|
|
|
J Rymer (Treasurer) |
| Chief Executive & Company Secretary |
A Johnson |
| Registered Charity Number |
1135137 |
| Company Registration Number |
04237777 |
| Registered Office |
1 −4Brixton Hill Place |
|
London |
|
SW2 1HJ |
| Auditors |
Eric 'Nabarro & Co |
|
Chartered Accountants |
|
Hyde Park House |
|
5 Manfred Road |
|
Putney |
|
London |
|
SW15 2RS |
| Bankers |
National Westminster Bank Plc |
|
68 Baker Street |
|
London |
|
W1A 2BA |
| Solicitors |
Wedlake Bell LLP |
|
71 Queen Victoria Street |
|
London |
|
EC4V 4AY |
|
|
|
|
Total |
Total |
|
Notes |
Unrestricted |
Restricted |
Funds |
Funds |
|
|
Funds |
Funds |
2021 |
2020 |
|
|
E |
£ |
£ |
£ |
| Incoming Resources |
3 |
|
|
|
|
| Incoming Resources from |
|
|
|
|
|
| generated funds |
|
|
|
|
|
| Activities for generating funds |
|
37,215 |
|
37,215 |
42,984 |
| Government Grants |
|
91,941 |
|
91,941 |
3,000 |
| Investment income |
|
51 |
|
51 |
333 |
| CPP −Income from LFN |
|
1,000 |
|
1,000 |
|
| Incoming resources from charitable |
|
|
|
|
|
| Activities for generating funds |
|
|
|
|
|
| Support and deliver project for local |
|
|
|
|
|
| community |
|
|
|
|
|
| Regeneration income |
|
|
104,127 |
104,127 |
158,356 |
| Total income |
|
130,207 |
104,127 |
234,334 |
204,674 |
| Other incoming resources |
|
|
|
|
|
| Annual capital stage receipt on previous |
|
|
|
|
|
| sale of properties |
|
0− |
|
|
|
| Total incoming Resources |
|
130,207 |
104,127 |
234 334 |
04,674 |
| Resources Expended |
|
|
|
|
|
| Charitable Activities |
|
223,968 |
61,104 |
285,072 |
291,212 |
| Governance costs |
|
2,504 |
0 |
2,504 |
3,086 |
| Total resources expended |
|
226,472 |
61,104 |
287,576 |
294,298 |
| Net (outgoing)/ incoming Resources |
|
(96,265) |
43,023 |
(53,242) |
(89,624) |
| Transfer from/to LFN |
|
|
|
|
|
| Add: Transfers to Reserves |
|
70,569 |
(70,569) |
|
|
| Net Movement in Funds |
|
(25,696) |
(27,546) |
(53,242) |
(89,624) |
| Reconciliation of funds |
|
|
|
|
|
| Fund Balances brought−forward |
|
|
|
|
|
| as at 1 April 2020 |
|
539,814 |
70,964 |
610,778 |
700,402 |
| Total Funds carried forward as at 31 |
|
|
|
|
|
| March 2021 |
10 |
514,118 |
43,418 |
557,536 |
610,778 |
(COMPANY LIMITED BY GUARANTEE AND N O T HAVING A
BALANCE SHEET AS A T 31 MARCH 2021 |
(COMPANY LIMITED BY GUARANTEE AND N O T HAVING A
BALANCE SHEET AS A T 31 MARCH 2021 |
(COMPANY LIMITED BY GUARANTEE AND N O T HAVING A
BALANCE SHEET AS A T 31 MARCH 2021 |
(COMPANY LIMITED BY GUARANTEE AND N O T HAVING A
BALANCE SHEET AS A T 31 MARCH 2021 |
(COMPANY LIMITED BY GUARANTEE AND N O T HAVING A
BALANCE SHEET AS A T 31 MARCH 2021 |
SHA |
RE CAPITAL) |
| Registered number: 04237777 |
|
|
|
|
|
|
|
Notes |
|
|
−−−2021 |
|
2020 |
| TANGIBLE FIXED ASSETS |
|
lb&6 |
|
600,625 |
|
603,069 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Cash at bank and in hand |
|
|
|
317,380 |
|
95,335 |
| Debtors & prepayments |
|
|
|
35,113 |
|
56,193 |
| Annual capital stage capital receipt on |
|
|
|
|
|
|
| Previous sale o f properties |
|
|
|
0 |
|
|
|
|
|
|
352,493 |
|
151,528 |
| CURRENT LIABILITIES |
|
7 |
|
(2:582) |
|
(19,819) |
|
|
|
|
|
. |
|
| NET CURRENT ASSETS |
|
|
|
330,911 |
|
131.709 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
931,536 |
|
734,778 |
| DEBTOR: amount falling due after more |
|
|
|
|
|
|
| than o n e year |
|
|
|
|
|
|
| CREDITORS: Credits for deferred rental |
|
|
|
|
|
|
| payments that will b e credited t o Statement |
|
|
|
|
|
|
| of financial activities: |
|
|
|
|
|
|
| Bank Loan |
|
|
|
(250;000 |
|
|
| Pension provision |
|
|
|
(124;000). |
|
(124,000) |
| **NET ASSETS INCLUDING PENSION ** |
LIABILITY |
|
|
557,536 |
|
610.778 |
| THE FUNDS OF THE CHARITY |
|
|
|
|
|
|
| RESTRICTED FUNDS |
|
|
|
43,418 |
|
70,964 |
| UNRESTRICTED FUNDS |
|
|
|
|
|
|
| General fund |
|
|
|
(86,507) |
|
(60,811) |
| Designated fund |
|
|
|
600,625 |
|
600,625 |
| TOTAL CHARITY FUNDS |
|
|
10 |
557,536 |
|
610.778 |
| (3) INCOMING RESOURCES |
|
|
|
|
|
Unrestricted |
Restricted |
Total Funds |
Total Funds |
|
Funds |
Funds |
2021 |
2020 |
| Incoming resources from |
|
|
|
|
| generated funds |
|
|
|
|
| Activities for generating funds |
37,215 |
|
37,215 |
42,984 |
| Voluntary income |
91,941 |
|
91,941 |
3,000 |
| Incoming resources from charitable activities |
|
|
|
|
| Support and deliver project for local community |
|
|
|
|
| Regeneration income |
− |
104,127 |
104,127 |
158,357 |
| CPP — Income from LFN |
1,000 |
|
1,000 |
− |
| Investment income |
51 |
_
− |
51_ |
333 |
| Total Income |
130,207 |
104,127 |
234,334 |
204,674 |
| Other incoming resources |
|
|
|
|
| Annual capital stage receipt on |
|
|
|
|
| previous sale of properties |
|
|
|
|
| Total Incoming Resources |
130,207 |
104,127 |
234,334 |
204,674 |
|
|
|
2021 |
2020 |
| (4) This is stated after charging: |
|
|
|
|
| Audit fees |
|
|
2;280 |
2,240 |
| Depreciation |
|
|
:2 444 |
2 440 |
|
|
|
|
ii;n0 |
| (5) STAFF COSTS AND NUMBERS |
|
|
|
|
| Staff costs incurred during the year in respect of |
|
|
|
|
| These employees were: |
|
|
|
|
| Wages and salaries |
|
|
141;405 |
143,205 |
| Social security costs |
|
|
12;370 |
12,583 |
| Other pension costs |
|
|
9,353
A63.134 |
4,030
159,818. |
| Particulars of employees: |
|
|
|
|
| The average number of employees during |
the year was as follows:' |
|
|
|
|
|
|
No |
No |
| Managementstaff |
|
|
1 |
1 |
| Operating staff |
|
|
5 |
5 |
|
Buildings |
Fixtures and |
Computer |
Total |
|
|
Fittings |
Equipment |
|
| Cost |
|
|
|
|
| At 1 April 2020 |
|
624,902 |
262,303 |
887,205 |
| Valuation A t 1 April 2020 |
600.625 |
|
|
600,625 |
| 31 March 2021 |
600.625 |
624.902 |
262.303 |
1.487.830 |
| Accumulated Depreciation |
|
|
|
|
| At 1 April 2020 |
|
623,747 |
261,014 |
884,761 |
| charge for the year |
|
1,155 |
1,289 |
2,444 |
| A t 31 March 2021 |
|
624.902 |
262,303 |
884.205 |
| Net Book Values |
|
|
|
|
| 31 March 2021 |
600,625 |
|
|
600,625 |
| 31 March 2020 |
600.625 |
la |
1,289 |
603,069 |
| (7) |
CREDITORS: amounts falling due within one year |
2021 |
2020 |
|
Bank Overdraft |
15,096 |
10,424 |
|
LFN Grants |
|
|
|
Trade creditors and Accruals |
6.486 |
9395 |
|
|
21,582 |
19,819 |
| (8) |
CREDITORS: amounts falling due after one year |
2021 |
2020 |
|
Pension provision |
124,000 |
124,000 |
|
Bank Loan |
250.000 |
|
|
|
374.000 |
124,000 |
| Trustees expenses |
224 |
806 |
| Auditfees (inc. non−audit fees 2021: £0; 2020: £600) |
2,280 |
2,280 |
|
2.504 |
3,086 |
| Fund balances are represented by: |
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
Unrestricted |
Unrestricted |
Restricted |
Total |
Total |
|
|
Designated |
|
|
|
| Tangible Fixed Assets |
|
600,625 |
|
600,625 |
603,069 |
| Current Assets : due within one year |
238,506 |
|
113,987 |
352,493 |
141,104 |
| due more than one year |
|
|
|
|
|
| Creditors− |
|
|
|
|
|
| Due within one year |
(21,582) |
|
|
(21,582) |
(9,395) |
| Due more than one year |
(374,000) |
|
|
(374,000) |
(124,000) |
| Transfer between Reserves |
70.569 |
|
(70,569) |
|
|
| Net Assets as at 31 March 2021 |
(86,507) |
600,625 |
43,418 |
557,536 |
610,778 |
|
At |
Incoming |
Outgoing |
Transfers |
At |
|
1 April 2020 |
Resources |
Resources |
between |
31 March 2021. |
|
|
|
|
Funds |
|
|
£ |
£ |
£ |
£ |
£ |
| Community Development Foundation |
1,317 |
|
|
(1,317) |
− |
| Mental Health Foundation |
6,524 |
|
|
(6,524) |
− |
| Target and Universal Youth Service |
46,715 |
|
|
(46,715) |
|
| Lambeth Council/Community Safety |
, |
17,127 |
(4,950) |
− |
12,177 |
| Thrale Almshouse. |
4,180 |
|
− |
(4,180) |
−_ |
| Metroplitan TV |
3,348 |
_ |
|
(3,348) |
|
| Maudsley charity |
|
|
|
0 |
|
| National Lottery |
9,800 |
|
|
(9,800) |
|
| Age U K Warm & Well |
899 |
|
|
(899) |
|
| Over 50's Projects |
(525) |
|
_
(253) |
525 |
(253) |
| MTVII |
|
1,000 |
− |
|
1,000 |
| CPP Bike Project |
|
20,000 |
(7,800) |
|
12,200 |
| Clapham Park Youth Projects |
− |
10,000 |
− |
|
10,000 |
| LFN Others |
(9,564) |
50,000 |
(45,332) |
9,960 |
5,064 |
| LFN |
5,452 |
5,000 |
|
(5,452) |
5,000 |
| LFN Grants Lambeth |
− |
|
|
|
|
| LCF Well Being |
2,670 |
|
|
(2,640) |
|
| House for Women |
|
1,000 |
|
− |
1,000 |
| Agnes Riley Gardens |
149 |
|
(2,770) |
(149) |
,
−(2.770), |
|
.70,965 |
.104.127 |
(61,105) |
(70,569) |
43,418. |
| UNRESTRICTED FUNDS |
|
|
|
|
|
| The purpose o f the fund is to support and deliver |
|
projects for |
the local community. |
|
|
| General funds |
(60,811) |
130,207 |
(226,472) |
70,569 |
(86,507) |
| Designated funds |
600,625 |
|
|
− |
.600,625 |
|
539,814 |
130,207 |
(226,472) |
70,569 |
514,118 |
| (12) UNRESTRICTED FUNDS |
|
|
|
|
|
| **Activities for generating funds is ** |
made up of: |
|
|
|
|
|
|
|
At 31.03.2021
At |
|
31.03.2020 |
| Kids City |
|
|
33,615 |
|
33,615 |
| Into University |
|
|
|
|
2,933 |
| Caribbean News Network |
|
|
3,600 |
|
|
| Room hire |
|
|
|
|
6,436 |
|
|
|
37.215 |
|
42.984 |
|
At 31.03.2021 |
At 31.03.2020 |
At 31.03.2020 |
| Bike project |
|
|
2,680 |
| Community Chest |
|
|
3,330 |
| CPP Fun day |
|
|
194 |
| Other support |
223,968 |
|
204,996 |
|
223.968 |
|
211.200 |
| lysis and allocation o f Support Costs |
|
|
|
|
At 31.03.2021 |
|
At 31.03.2020 |
| Office and General Running costs |
32,296 |
|
44,629 |
| IT Support |
4,514 |
|
4,321 |
| Salaries and pension costs |
163,133 |
|
159,818 |
| Printing, postage and stationery |
729 |
|
1,881 |
| Subscriptions |
502 |
|
390 |
| Marketing/publicity |
|
|
4,503 |
| Depreciation |
2,444 |
|
2,440 |
| Finance charges |
469 |
|
2,408 |
| Training & Development |
|
|
1,123 |
| Travel |
|
|
158 |
| Repairs |
2,832 |
|
4,551 |
| Legal |
8,490 |
|
13,213 |
| Other central costs |
(7,800) |
|
(33,158) |
| Bad debts |
12,359 |
|
4,337 |
| Sponsorship |
|
|
2.700 |
|
223,968 |
|
204.996 |
|
2021 |
2020 |
| Opening balance on reserves brought forward on 1 April |
610,778 |
600,402 |
| Net adverse movement in funds |
(53,242) |
10,376 |
| Transfer from LFN Grants |
|
|
| Transfer to reserves |
|
|
| Transfer from Pension Scheme |
|
|
|
557,536 |
61.0,1713 |