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|**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|
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||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)|
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|**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|
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||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||||||||
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|**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|
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|**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|
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||||**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|
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||**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||||
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|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|
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|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|
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|**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|
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|||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|
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||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|
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|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|
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