2022-03-31-accounts

INDEX
	Pag_es
Financial Results−Highlights	1
Reference and Administrative details o f the Charity, its Trustees/directors and advisers	2
Trustees' Report	3−6
Trustees' responsibilities statement	7
Independent Examiner's Report	8
Statement o f financial activities	9
Balance Sheet as at 31 March 2022	10
Notes forming part o f the financial statements	11−20

	2022	2021
	£	£
Incoming resources	152,674	234,334
Resources Expended	(317,047)	(287,576)
Surplus on sale o f building	2,047,629
Transfers to reserves	(50,777)
Net favourable (adverse) movement in funds	1,832,479	(53,242)

Trustees	D M Morris (Chair from March 2021)
	F Nance (Vice Chair)−resigned 06.12.2022
	J H Rymer (Treasurer)
	B Akim — resigned 28.09.2021
	L Allison−appointed 28.09.2021
	Z Khatami−appointed 07.12.2021
	J Roberts
	A Morton−appointed 14.06.22
	G Wedderburn−appointed 14.06.22
Chief Executive and Company Secretary	Mr A Johnson
Registered charity Number	1135137
Company Registration Number	04237777
Registered Office	1−4 Brixton Hill Place
	London
	SW2 1HJ
Bankers	National Westminster Bank PLC
	68 Baker Street
	London
	W1A 2BA
Solicitors	Wedlalce Bell LLP
	71 Queen Victoria Street
	London
	EC4V 4AY
Independent Examiner	E J Avari & Co Ltd
	178 Twyford Road
	Harrow, Middlesex
	London, HA2 OSN

	Notes	2022	2022	2022						2022			2021
		Unrestricted		Restricted						Total			Total
		Funds		Funds						Funds			Funds
Incoming resources
Incoming resources from generated funds:
Activities for generating funds	3a		20,900							20,900			38,215
Voluntary income	3a		4,000							4,000			3,000
Incoming resources from charitable
Activities:
Support and deliver project for local
Community
Restricted income	3b			87,238						87,238			104,127
Other Income
Coronavirus Job Retention Scheme (CJRS)
Government grant scheme	3c		40,462							40,462			88,941
Investment income:
Bank and other Interest: Gross	3d		74							74			51
Total incoming Resources			65,436	87,238						152,674		−234,334
Resources Expended
Costs of generating funds:
Charitable Activities	15/16	(246,144)		(68,053)					(314,197)			(285,072)
Governance cost	5	(	2,850)	(			−)		(	2,850)		(	2,504)
Total resources expended		(248,994)		(68,053)					(317,047)			(287,576)
Net incoming/(outgoing) resources		(183,558)		19,185					(164,373)			(	53,242)
**Total recognised gains relating to **	the year
Surplus on sale o f the buildings at
1−4 Brixton Hill Place, Brixton	17b	2,047,629				−2,047,629
Net addition to reserve funds		1,864,071		19,185				1,883,256				( 53,242)
Transfers between funds	15		(2,846)	2,846
Less: Scottish Voluntary pension:
Deficit contribution paid	14	(16,840)			−				( 16,840)
Pension provision	14	(33,937)			−				( 33,937)				−
Net favourable / (adverse) movement
in funds for the year		1,810,448		22,031				1,832,479			(53,242)
RECONCILIATION OF FUNDS
Total Funds balances brought forward
at 31 March 2021		514,118		43,418					557,536		610,778
Balances carried−forward
at 31 March 2022	13	2,324,566		65,449		2,390,015 557,536

COMPANY NUMBER 0423777	7	7
	Notes		2022	2022	2021	2021
FIXED ASSETS
Tangible assets		6				600,625
CURRENT ASSETS
Debtors		9	208		35,113
Cash at bank and in hand			2,550,621		317,380
			2,550,829		352,493
CURRENT LIABILITIES
Creditors: Amounts falling due
within one year		7	(2,877)		( 21,582)
NET CURRENT ASSETS			2,547,952			330,911
TOTAL ASSETS LESS
CURRENT LIABILITIES			2,547,952			931,536
**CREDITORS: amounts falling **	due
after more than one year		8	(	157,937)		(374,000)
NET ASSETS INCLUDING PENSION
LIABILITY			2,390,015			557,536
Represented by:
THE FUNDS OF THE CHARITY		13
RESTRICTED FUNDS				65,449		43,418
UNRESTRICTED FUNDS
General fund				276,937		(86,507)
Designated fund			2,047,629			600,625
			2,390,015			557,536

STAFF COSTS, REMUNERATION OF KEY MANAG TRUSTEES' REMUNERATION	**EMENT PERSONNEL **	AND
	2022	2021
Staff costs during the year were as follows:
Wages and salaries	141,352	141,405
Social security costs	12,398	12,376
Pension costs	9,353	___9353_
	163,103	163,134

	No.	No.
Management staff	1	1
Operating staff	5	5
	6	6

			Unrestricted	Restricted	Total Funds	Total Funds
					2022	2021
(a)	Activities for generating funds
	Kids City		20,000		20,000	33,615
	Rent received from Caribbean
	News Network (CANN)		900		900	3,600
	Income from Lambeth Forum
	Network					1,000
	Voluntary income−employment
	Allowance		4,000		4,000	3,000
(b)	Incoming resources from
	charitable activities
	Support and deliver project for
	local community
	Restricted income			87,238	87,238	104,127
(c)	Other Income
	Coronavirus Job Retention
	Scheme (CJRS)
	Government grant scheme		40,462		40,462	88,941
(d)	Investment Income
	Interest received		74		74	51
Total incoming resources		£	65,436	87,238	152,674	234,334

	**31 **	MARCH 202	2 (continued)
				2022	2021
4	NET (OUTGOING) INCOMING RESOURCES
	This is stated after charging:
	−Audit remuneration				2,280
	−Independent examiner's fees			2,150
	−Depreciation o f tangible fixed assets				2,444
				2,150	4,724
5	GOVERNANCE COSTS
	Audit remuneration				2,280
	Independent examiner's fees			2,150
	Trustees' expenses			700	224
				2.850	2.504
6	TANGIBLE FIXED ASSETS
		Buildings	Fixtures and	Computer	Total
			Fittings	Equipment
	Costs:
	At 1 April 2021		624.902	262,303	887,205
	Valuation
	At 1 April 2021	600,625		−	600,625
	Disposal	( 600,625)	(624,902)	(262,303)	(1,487,830)
	At 31 March 2022
	Accumulated depreciation:
	At 1 April 2021		624,902	262,303	887,205
	Charge for the year
	Disposals		(624,902)	(262,303)	(887,205)
	At 31 March 2022
	Net book value
	At 31 March 2022
	At 31 March 2021	600,625

7	CREDITORS: amounts falling due within one year
		2022	2021
	Bank overdraft		15,096
	Trade creditors and Accruals	2,877	6,486
		2.877	21.582
8	CREDITORS: amounts falling due after one year
	Pension provision	157,937	124,000
	Bank Loan		250,000
		157.937	374.000
9	DEBTORS: amounts falling due within one year
		2022	2021
	Debtors	208	35.113

nd balances are represented by:
				2022	2021
	Unrestricted	Designated	Restricted	Total	Total
Tangible Fixed Assets				−	600,625
Current Assets	437,751	2,047,629	65,449	2,550,829	352,493
Creditors: amounts falling due
within one year	(2,877)			( 2,877)	(21,582)
after more than one year	(157,937)			(157,937)	(374,000)
Net Assets as at 31 March 2022	276,937	2,047,629	65,449	2,390,015	557,536

STATEMENT OF MOVEMENTS ON RESERVES
	2022	2021
Balance at 1 April 2021	557,536	610,778
Net (outgoing) resources	(164,373)	(53,242)
Net Surplus on sale o f the buildings at 1−4 Brixton Hill Place Brixton	2,047,629
Scottish Voluntary Sector Pension Scheme:
Deficit contribution paid	(16,840)
Pension provision	(33,937)
Balance carried−forward at 31March 2022	2,390,015	557,536

		At	Incoming	Outgoing	Transfers	At
		1 April 2021	Resources	Resources	between funds	31 March 2022
1	National Lottery		9,300			9,300
2	Over 50's Christmas lunch	(253)	250		3
3	MTVH	1,000				1,000
4	CPP Bike Project	12,200	20,000	11,257		20,943
5	Bike project	10,000				10,000
6	LFN Grants	10.064	50,000	50,958		9,106
7	LCF		208			208
8	Housing for Women	1,000				1,000
9	Agnes Riley	(2,770)			2,770	−
10	Oasis children	−	2,480			2,480
11	CPP Neighbourhood forum		5,000	5,073	73
12	Youth Service	12.177		765		11.412
			−
		43,418	87,238	68,053	2,846	65,449

	At 31.03.2022	At 31.03.2021
Office and general running costs	29,758	32,296
Salaries and pension costs	163,103	163,134
IT equipment	385
IT support equipment	11,465	4,514
Dues and subscriptions	570	502
Printing postage and stationery	1,969	729
Cleaning	5,433
Insurance	5,395
Marketing/ publicity	1,829
Bank service charges	486	469
Training and development	150
Repairs and maintenance	2,537	2,832
Premises security	2,793
Legal and Consultancy fees	34,500	8,490
Other central costs	(33,307)	(7,801)
Bad debts	16,078	12,359
Depreciation		2,444
Total support costs	243,144	219,968
Charitable activities: Community Chest	3.000	4.000
Total charitable activities	246.144	223.968

asset should be accounted for as the difference between the sale proceeds and the net c amount.	asset should be accounted for as the difference between the sale proceeds and the net c amount.	arrying
The net surplus on sale o f the building at 1−4 Brixton Hill Place is made up as follows:
Revalued amount at 31 March 2015 balance sheet date	600,625	*
Less Sale proceeds on disposals	(2,685,520)
Gain on disposals		2,084,895
Commercial loan taken out by CPP in November 2020 and was
secured against the 1−4 Brixton Hill Place
The carrying amount at 31 March 2021 balance sheet date was	250,000
Less Amount paid in settlement o f the loan	(287,266)
Loss incurred on repayment o f the loan		(37,266)
Net gain on disposal		2,047,629