| INDEX | |||||
|---|---|---|---|---|---|
| ~Pa es | |||||
| Financial Results- Highlights | |||||
| Reference and Administrative details ofthe Charity, its Trustees/directors |
and advisers | 2 | |||
| Trustees' Report |
3/7 | ||||
| Trustees' responsibilities statement |
|||||
| Independent Examiner' sReport |
|||||
| Statement offinancial activities, including | Income and Expenditure | Account | 10 | ||
| Balance Sheet as at 31 March 2023 | |||||
| Notes forming part ofthe financial | statements | 12/21 |
| Financial Results- Highlights " | Financial Results- Highlights " | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Incoming resources | 156,337 | 152,674 | ||
| Resources Expended | (349,530) | (317,047) | ||
| Surplus on sale ofbuilding | 2,047,629 | |||
| Net (adverse)/ favourable |
movement | in funds | (111,591) | 1,832,479 |
| Total Funds | 2,278,424 | 2,390,015 |
| REFEREN | CE AND A | DMINISTRATIVE | DETAILS | |||
|---|---|---|---|---|---|---|
| Trustees | D M Morris - Chair | |||||
| FNance-Vice Chair- | (resigned December 2022) | |||||
| JH Rymer-Treasurer | ||||||
| JRoberts | ||||||
| LAllison | ||||||
| Z Khatami- (resigned |
March 2023) | |||||
| GWedderburn- (appointed |
June 2022) | |||||
| A Morton- (appointed | June 2022) | |||||
| Observer | Cllr Irfan Mohammed- | (appointed | September 2022) | |||
| Chief Executive and Company Secretary | Mr A Johnson | |||||
| Registered | charity Number | 1135137 | ||||
| Company Registration | Number | 04237777 | ||||
| Registered | Office | 1-4Brixton Hill Place | ||||
| London | ||||||
| SW2 1HJ | ||||||
| Bankers | National Westminster |
Bank PLC | ||||
| 68 Baker Street | ||||||
| London | ||||||
| W1A 2BA | ||||||
| Independent | Examiner | EJAvari 8r, Co Ltd |
||||
| Association ofAccounting | Technicians | |||||
| 178Twyford Road | ||||||
| Harrow, Middlesex | ||||||
| London HA2 OSN | ||||||
| Solicitors | Wedlake Bell LLP | |||||
| 71 Queen Victoria Street | ||||||
| London | ||||||
| EC4V 4AY |
| F | O | R | THE YEAR | THE YEAR | THE YEAR | ENDED 31M | ARCH 2023 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 2023 | 2023 | 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Total | |||||||
| Funds | Funds | Funds | Funds | |||||||
| Incoming resources | ||||||||||
| Incoming resources from | generated | funds: | ||||||||
| Activities for generating funds |
Sa | 12,042 | 12,042 | 20,900 | ||||||
| Voluntary income |
Sa | 5,000 | 5,000 | 4,000 | ||||||
| Incoming resources from | charitable | |||||||||
| Activities: | ||||||||||
| Support and deliver project |
for | local | ||||||||
| Community | ||||||||||
| Regeneration income |
Sb | 112,185 | 112,185 | 87,238 | ||||||
| Oher Income: | Sc | 40,462 | ||||||||
| Investment income: |
||||||||||
| Bank and Other Interest: Gross | Sd | 27 110 | 27110 | 74 | ||||||
| Total incoming Resources | 44 152 | 112185 | 156337 | 152674 | ||||||
| Resources Expended | ||||||||||
| Costs ofgenerating funds: |
||||||||||
| Charitable Activities Governance cost |
19/20 8 |
(251,487) ~3429 |
(94,614) (346,101) ~~3429 |
(314,197) ~2850 |
||||||
| Total resources expended | 2S4916 | ~94614 | ~349530 | ~317047 | ||||||
| Net (outgoing)/incoming resources |
(210,764) | 17,571 | (193,193) | (164,373) | ||||||
| Total recognised gains relating to the |
year | |||||||||
| Surplus on sale ofthe buildings | at | |||||||||
| 1-4Brixton Hill Place, Brixton | 17 | - 2047 629 | ||||||||
| Net reduction / addition to |
reserve | |||||||||
| Funds | ~230764 | 17571 | ~193193 1883256 | |||||||
| Transfers between funds |
19 | 4,688 | ( 4,688) | |||||||
| Scottish Voluntary Pension: |
||||||||||
| Excess provision ofpast years | ||||||||||
| reversed | 10 | 157,937 | 157,937 | |||||||
| Deficit conn1bution paid |
17 | (57,862) | ( 57,862) | (16,840) | ||||||
| Provision made in the year | 17 | ~l8 473 | ~18473 | ~33937 | ||||||
| Net (adverse)/ favourable |
movement | |||||||||
| in funds for the year | (124,474) | 12,883 | (111,591)1,832,479 | |||||||
| RECONCILIATION OF |
FUNDS | |||||||||
| Total Funds balances brought | forward | |||||||||
| 131M 02022 p 1 |
17 9 0 | d | 2 324 566 | 65 449 | 2 390015 | 557 536 | ||||
| Total Funds carried- forward | at | end of | ||||||||
| Y 1 1d1 gp 1 |
16 | 220~092 | 78 332 | 2 278 424 | 2 | 390015 |
| COMPANY NUMB | ER | 0423777 | 7 | 7 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 2023 | 2023 | 2022 | 2022 | ||||||||
| f. | ||||||||||||
| Current assets |
||||||||||||
| Trade debtors and prepayments | 11 | 28,784 | 208 | |||||||||
| Cash and cash equivalents | 12 | 2 271 | 063 | 2 550 621 | ||||||||
| 2299 | 847 | 2 550 829 | ||||||||||
| Current liabiTities |
||||||||||||
| Creditors: Amounts | falling due | |||||||||||
| within one year | 9 | ~2950 | 2 877 | |||||||||
| Net current assets | 2296 | 897 | 2 547952 | |||||||||
| Total assets less | ||||||||||||
| Current liabilities | 2,296,897 | 2,547,952 | ||||||||||
| CREDITORS: amounts | falling due | |||||||||||
| after more than one | year | 10 | 18473 | 157937 | ||||||||
| Net assets including | pension liabiTity | 2278424 | 2 390015 | |||||||||
| Represented by: |
||||||||||||
| The funds ofthe charity | 16 | |||||||||||
| Restricted funds | 78,332 | 65,449 | ||||||||||
| Unrestricted funds |
||||||||||||
| General fund | 400,092 | 276,937 | ||||||||||
| Designated fund |
1 800000 | 2 047 629 | ||||||||||
| 2278 424 | 2 390015 | |||||||||||
| ph 6 tl tt applicable to companies |
t hthh subject to |
the | 6 small |
p 9 dt companies' |
d regime within |
tthth Part |
9 idp 15ofthe |
Companies | Act | |||
| 2006. |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| g | |||||||
| Staff costs | incurred | during the year in respect of | |||||
| these employees were: |
|||||||
| Wages and | salaries | 147,226 | 146,697 | ||||
| Employer's | social security costs | 14,697 | 12,398 | ||||
| Employer's | pension | costs | 4008 | 4008 | |||
| Staffcosts charged to Statement ofFinancial | Affairs during | the year | 165931 | 163 103 | |||
| Employee nuinbers: | |||||||
| The average | number | ofemployees | employed | by Clapham | Park Project | ||
| throughout | the year was as follows: | ||||||
| No. | No. | ||||||
| Management | staff | 1 | 1 | ||||
| Operating staff |
5 | 5 | |||||
| 6 | 6 |
| 31MARCH 2 | 023 (continued) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 5 Incoming resources | |||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
| 2023 | 2022 | ||||||||
| (a) | Activities for generating | funds | |||||||
| Kids City | 8,333 | 8,333 | 20,000 | ||||||
| Rental Income | 1,809 | 1,809 | |||||||
| Fundraising | 600 | 600 | |||||||
| Funday contributions | 300 | 300 | |||||||
| CPP Management fee |
1,000 | 1,000 | |||||||
| Rent received from Caribbean | |||||||||
| News Network (CANN) | 900 | ||||||||
| 12,042 | 12,042 | 20,900 | |||||||
| Voluntary income-employment |
|||||||||
| Allowance | 5 000 | 5 000 | 4 | 000 | |||||
| 17042 | 17042 | 24 | 900 | ||||||
| (b) | Incoming resources from | ||||||||
| charitable activities |
|||||||||
| Support and deliver projects for | |||||||||
| local community | |||||||||
| Regeneration income |
112,185 | 112,185 | 87,238 | ||||||
| (c) | Other Income | ||||||||
| Coronavirus Job Retention |
|||||||||
| Scheme (CJRS) | |||||||||
| Government grant scheme |
40,462 | ||||||||
| (d) | Investment Income |
||||||||
| Interest received | 4,672 | 4,672 | 74 | ||||||
| Interest receivable | 22 438 | 22 438 | |||||||
| 27 110 | 27 110 | 74 | |||||||
| Total incoming resources | K44 152 | 112185 | 156337 | 152674 | |||||
| 6 | Bank interest income | ||||||||
| 2023 | 2022 | ||||||||
| g | |||||||||
| Interest received during the | year | 4,672 | 74 | ||||||
| Interest receivable during the year |
22 438 | ||||||||
| 27 110 | 74 | ||||||||
| 2023 | 2022 | ||||||||
| 7 | Net outgoings for the year is | stated after charging: | |||||||
| This is stated atter charging: | |||||||||
| -Independent examiner's |
fees | 2200 | 2 150 | ||||||
| 8 | Governance costs |
||||||||
| Independent examiner' s fees |
2,200 | 2,150 | |||||||
| Trustees' catering for meetings |
and travel costs | 1 229 | 700 | ||||||
| 3429 | 2 850 |
| 31MARCH 2 | 31MARCH 2 | 023 (continued) | |||
|---|---|---|---|---|---|
| 9 Creditors: amounts |
falling due within one year | ||||
| 2023 | 2022 | ||||
| Trade creditors | 750 | 727 | |||
| Accruals | 2 200 | 2 150 | |||
| Total | 2 950 | 2 877 | |||
| 10 Creditors: amounts |
falling | due after one year | |||
| Pension provision | 18473 | 157937 | |||
| 11 Debtors: amounts | falling due within one year | ||||
| 2023 | 2022 | ||||
| Trade debtors | 1,860 | 208 | |||
| Interest due on deposits with | Nat West maturity | date 21.11.23 | 22,438 | ||
| Other Debtors | 3,986 | ||||
| Advance to staff | 500 | ||||
| Total | 28 784 | 208 | |||
| Other debtors refer to arefund from HMRC |
|||||
| 12Cash and cash equivalents: | |||||
| 2023 | 2022 | ||||
| Cash at bank and in hand | 471,063 | 2,550,622 | |||
| Treasury Reserve Deposit | 1 800 000 | ||||
| Total | 2271063 | 2330622 |
| nd bala | nces are | repr | esent | ed by: |
|||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Unrestricted | Designated | Restricted | Total | Total | |||||
| Current | Assets | 421,515 | 1,800,000 | 78,332 | 2,299,847 | 2,550,829 | |||
| Creditors: amounts | falling due | ||||||||
| within one year afier more than one |
year | (2,950) ~18473 |
- | - | ( 2,950) ~18473 |
(2,877) ~157937 |
|||
| N \ A |
1 | \ 31 | M | I 2023 | 400092 | 1 800 000 | 78 332 | 2 278 424 | 2 390015 |
| teinent ofmovements on reserves: |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Total | Total | ||
| Balance at 1 April 2022 | 2,390,015 | 557,536 | |
| Net (outgoing) resources | (193,193) | (164,373) | |
| Net Surplus on sale ofthe buildings | at 1-4Brixton Hill Place Brixton | 2,047,629 | |
| Scottish Voluntary Sector Pension Scheme: |
|||
| Excess provision ofpast years reversed | 157,937 | ||
| Deficit contribution paid |
(57,862) | (16,840) | |
| Pension provision made in the year |
~18473 | ~33937 | |
| Balance carried- forward at 31 March 2023 | 2 278 424 | 2 390015 |
| At | Incoming | Outgoing | Transfers | At | ||||
|---|---|---|---|---|---|---|---|---|
| 1 April | Resources | Resources | between | funds | 31 March | |||
| 2022 | 2023 | |||||||
| 1 | National | Lottery | 9,300 | 5,207 | 4,093 | |||
| 2 | Over 50s | 800 | 800 | |||||
| 3 | MTVH-Tai Chi | 900 | 900 | |||||
| 4 | MTVH | 1,000 | (1,000) | |||||
| 5 | CPP Bike Project-YLC | 42,355 | 20,000 | 15,619 | 46,736 | |||
| 6 | LFN Grants | 9,106 | 50,000 | 39,421 | 19,685 | |||
| 7 | LCF | 208 | ( 208) | |||||
| 8 | Housing | for Women | 1,000 | ( 1,000) | ||||
| 9 | Agnes Riley Gardens | 485 | 455 | 30 | ||||
| 10 | Oasisplay | 2,480 | ( 2,480) | |||||
| 11 | CPP Youth Initiative | 40000 | 33 112 | 6888 | ||||
| 65 449 | 112185 | 94614 | ~4688 | 78 332 |
| Analysis and allo |
cati | on | ofsup | port costs | ||
|---|---|---|---|---|---|---|
| At 31.03.2023 | At 31.03.22 | |||||
| f. | ||||||
| Office and general running | costs | 28,797 | 29,758 | |||
| Salaries and pension | costs | 165,931 | 163,103 | |||
| IT equipment | 309 | 385 | ||||
| IT support equipment |
3,642 | 11,465 | ||||
| Dues and subscriptions | 673 | 570 | ||||
| Printing postage and | stationery | 2,923 | 1,969 | |||
| Cleaning | 9,252 | 5,433 | ||||
| Insurance | 5,829 | 5,395 | ||||
| Marketing/ publicity |
4,956 | 1,829 | ||||
| Travel, subsistence and |
hospitality | 182 | ||||
| Bank service charges | 557 | 486 | ||||
| Training and development |
179 | 150 | ||||
| Repairs and maintenance | 1,433 | 2,537 | ||||
| Premises security | 3,438 | 2,793 | ||||
| Legal and Consultancy | fees | 34,500 | ||||
| Other central costs Bad debts |
16,379 ~28 3 |
(33,307) 16078 |
||||
| Total support costs | 247 373 | 243 144 | ||||
| Charitable activities: |
Community | Chest | 3,574 | 3,000 | ||
| Fun day | 540 | |||||
| Total charitable activities |
251 487 | 246 144 |