| Contents | |||
|---|---|---|---|
| Page | |||
| Chair's message | 3 | ||
| Report ofthe | trustees | 4-9 | |
| Independent | auditor's | report | 10-14 |
| Statement of |
financial | activities | 15 |
| Balance sheet | 16 | ||
| Statement of | cash flows | 17 | |
| Notes to the accounts | 18-30 |
| f | or the year ending | 31March 202 | 2 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Note | Funds | Funds | 2022 | 2021 | ||||
| f | f | |||||||
| Income: | ||||||||
| Donations and legacies |
244,746 | 82,202 | 326,948 | 421,202 | ||||
| Activities for generating | funds | 83,413 | 83,413 | 102,025 | ||||
| Investment income |
50,187 | 50,187 | 54,189 | |||||
| Total income | 378,346 | 82,202 | 460,548 | 577,416 | ||||
| Expenditure | ||||||||
| Costs ofraising funds: | ||||||||
| Costs ofgenerating voluntary |
income | 40,612 | 40,612 | 40,190 | ||||
| Expenditure on charitable |
activities: | |||||||
| Costs ofcharitable activities |
480,792 | 82,202 | 562,994 | 499,811 | ||||
| Total expenditure | 521,404 | 82,202 | 603,606 | 540,001 | ||||
| Net (expenditure)/income | (143,058) | (143,058) | 37,415 | |||||
| Other recognised gains and losses |
||||||||
| Gains on investment assets |
14 | 27,620 | 27,620 | 297,891 | ||||
| Gains/(losses) on pension |
deficit revaluation | 17 | 17,204 | 17,204 | (923) | |||
| Net movement in funds |
(98,234) | (98,234) | 334,383 | |||||
| Reconciliation offunds |
||||||||
| Total funds brought forward |
2,070,899 | 2,070,899 | 1,736,516 | |||||
| Total funds carried forward | 1,972,665 | 1,972,665 | 2,070,899 |
| West London Action for Children | West London Action for Children | ||||||
|---|---|---|---|---|---|---|---|
| Balance Sheet | |||||||
| as at 31March 2022 | |||||||
| Note | 2022 | 2021 | |||||
| E | f | ||||||
| Fixed assets | |||||||
| Investments | 1,853,333 | 1,825,713 | |||||
| Total Fixed | Assets | 1,853,333 | 1,825,713 | ||||
| Current assets | |||||||
| Debtors | 13,810 | 20,934 | |||||
| Cash at bank and in | hand | 201,518 | 293,874 | ||||
| Total Current Assets |
215,328 | 314,808 | |||||
| Liabilities | |||||||
| Creditors falling due |
within one year | 16 | (92,895) | (42,646) | |||
| Net Current | assets | 122,433 | 272,162 | ||||
| Total assets | less current | liabilities | 1,975,766 | 2,097,875 | |||
| Provisions for liabilities | 17 | (3,101) | (26,976) | ||||
| Net assets | 1,972,665 | 2,070,899 | |||||
| The funds ofthe charity: | |||||||
| Unrestricted | income | funds: | |||||
| Unrestricted | revenue | accumulated | funds | 580,470 | 707,690 | ||
| Designated | revenue | funds | 1,392,195 | 1,363,209 | |||
| Total unrestricted funds |
18 | 1,972,665 | 2,070,899 | ||||
| Restricted income funds: | |||||||
| Total restricted income funds |
18 | ||||||
| Total charity | funds | 1,972,665 | 2,070,899 |
| fo | r the | year ending 3 | 1March 2022 | ||
|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||
| f | f | ||||
| Cash used in operating activities |
20 | (142,543) | (10,270) | ||
| Cash inflows from investing activities |
|||||
| Dividends and interest from investments |
50,187 | 54,189 | |||
| Cash provided by (used in) investing activities |
50,187 | 54,189 | |||
| Increase (decrease) in cash and cash equivalents |
in the | ||||
| year | (92,356) | 43,919 | |||
| Cash and cash equivalents at the beginning |
ofthe | year | 293,874 | 249,955 | |
| Total cash and cash equivalents at the end |
ofthe year | 201,518 | 293,874 |
| 2022 | 2021 | ||
|---|---|---|---|
| Donations | and legacies | f | f |
| Statutory | bodies | 146,184 | 149,403 |
| Individuals | 59,447 | 85,054 | |
| Companies | 6,510 | 32,527 | |
| Trusts | 83,904 | 106,698 | |
| Schools and churches | 30,903 | 47,520 | |
| 326,948 | 421,202 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Income | from | fund | raising | events | and | activities | 83,413 | 102,025 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| f | f | |||||||||
| Bank interest | 611 | 878 | ||||||||
| Income from | listed | investments | 49,576 | 53,311 | ||||||
| 50,187 | 54,189 | |||||||||
| 6 | Analysis of | expenditure | on | charitable | activities | |||||
| Client services | Client services | |||||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Projects and | social | work | payroll costs | 352,730 | 311,060 | |||||
| Sessional workers | 8,325 | 8,925 | ||||||||
| Childcare | 3,563 | 5,010 | ||||||||
| Fares | 609 | |||||||||
| Recruitment | 1,073 | |||||||||
| Miscellaneous | expenditure | 2,513 | 4,464 | |||||||
| Resources | 776 | 43 | ||||||||
| Translation | services | 2,729 | 2,084 | |||||||
| Staff training | 1,655 | 108 | ||||||||
| Supervision | 7,484 | 8,755 | ||||||||
| Subscriptions | 315 | 463 | ||||||||
| Costs ofgenerating | voluntary | income: | Fundraising | |||||||
| and publicity | 40,612 | 40,190 | ||||||||
| Governance | costs | Note 8 | 5,387 | 5,373 | ||||||
| Support costs | Note 8 | 175,835 | 153,526 | |||||||
| 603,606 | 540,001 |
| 7 | Summary | analysis of | expenditure | and related income for charitable | purposes |
|---|---|---|---|---|---|
| Client services | Client services | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Costs | (603,606) | (540,001) | |||
| Funding | by Statutory | bodies | 146,184 | 149,403 | |
| Net cost | funded from | other income | (457,422) | (390,598) |
| 8 | Analysis ofgovernance | and support | costs | |||
|---|---|---|---|---|---|---|
| General | Governance | Total | Total | Basis of | ||
| support | function | apportion- | ||||
| ment | ||||||
| 2022 | 2022 | 2022 | 2021 | |||
| f | f | f | f | |||
| Administration | ||||||
| payroll and |
||||||
| related costs | 80,791 | 80,791 | 93,330 | Staff time | ||
| Miscellaneous | ||||||
| expenses | 11,640 | 11,640 | 2,689 | Usage | ||
| Premises costs | 36,776 | 36,776 | 25,000 | Floor area | ||
| Repairs and | ||||||
| expensed | ||||||
| equipment | 1,068 | 1,068 | 1,696 | Floor area | ||
| Telephone | 2,660 | 2,660 | 2,414 | Usage | ||
| Printing, | ||||||
| postage and | ||||||
| stationery | 1,040 | 1,040 | 718 | Usage | ||
| IT | 24,532 | 24,532 | 13,026 | Usage | ||
| Bank charges | 1,583 | 1,583 | 1,070 | Usage | ||
| Bookkeeping | ||||||
| and accounts | 6,041 | 6,041 | 5,055 | Staff time | ||
| Insurance | 9,704 | 9,704 | 8,528 | Usage | ||
| Audit fees | 5,387 | 5,387 | 5,373 | Direct | ||
| Total | 175,835 | 5,387 | 181,222 | 158,899 |
| 2022 | 2021 | |
|---|---|---|
| This is stated after charging: | f | f |
| Auditors remuneration: |
||
| Audit fees | 5,387 | 5,373 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| f | f | |||||||||
| Salaries and wages | 426,289 | 404,525 | ||||||||
| Social security costs | 35,364 | 32,655 | ||||||||
| Pension costs | 10,882 | 9,078 | ||||||||
| 472,535 | 446,258 | |||||||||
| No employees had employee |
benefits | in excess off60,000(2021:none). Pension costs are | ||||||||
| allocated to activities | in proportion | to the related staffing costs incurred | and are wholly | |||||||
| charged to unrestricted | funds. | |||||||||
| The charity trustees were not | paid | and | did not receive | any other benefits from employment | ||||||
| with the Charity in the |
year (2021:fnil) | neither were they reimbursed | expenses | during the | ||||||
| year (2021:fnil), No charity trustee | received payment | for professional | or other | services | ||||||
| supplied to the charity | (2021:fnil). | |||||||||
| The key management | personnel of |
the | Charity comprise the trustees | and the Senior | ||||||
| Management team.The total employee |
benefits of the key management | personnel | ofthe | |||||||
| Charity were f59,089 | (2021:f58,751). | |||||||||
| 11 | Staff numbers | |||||||||
| 2022 | 2021 | |||||||||
| Number | Number | |||||||||
| Engaged in charitable |
activities | 19 | 16 | |||||||
| 12 | Government grants |
|||||||||
| 2022 | 2021 | |||||||||
| Revenue funding | f | f | ||||||||
| London Borough ofHammersmith | 43,000 | 43,000 | ||||||||
| Royal Borough of Kensington | and Chelsea | 71,255 | 63,255 | |||||||
| Royal Borough of Kensington | and Chelsea- | |||||||||
| Rent benefit | 25,000 | 25,000 | ||||||||
| HMRC —Job Retention |
Scheme grants | 6,929 | 18,148 | |||||||
| 146,184 | 149,403 |
| 2022 | 2021 | ||
|---|---|---|---|
| Movement in fixed asset investments |
f | f | |
| Market value brought | forward at 1April 2021 |
1,825,713 | 1,527,822 |
| Add/Deduct: net gain |
(loss) on revaluation | 27,620 | 297,891 |
| Market value as at 31 | March 2022 | 1,853,333 | 1,825,713 |
| Investments at fair value |
2022 | 2021 | |
| Comprised: | f | f | |
| UK Listed fixed interest | income units | 35,899 | 38,535 |
| UK Listed Unit Trust income units | 1,817,434 | 1,787,178 | |
| Market value as at 31 | March 2022 | 1,853,333 | 1,825,713 |
| 2022 | 2021 | |
|---|---|---|
| f | f | |
| Other debtors | 7,550 | 18,810 |
| Pre payments | 6,260 | 2,124 |
| 13,810 | 20,934 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Other creditors | and accruals | 82,731 | 33,602 | ||||
| Taxation and social security costs | 10,164 | 9,044 | |||||
| 92,895 | 42,646 | ||||||
| 17 | Provisions | ||||||
| Period ending | Period | ||||||
| 31March | ending 31 | ||||||
| March | |||||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Provision at start of period | 26,976 | 31,963 | |||||
| Unwinding ofthe discount factor |
(interest expense) | 156 | 718 | ||||
| Deficit contribution | paid | (6,827) | (6,628) | ||||
| Remeasurements | —impact of any | change | in | ||||
| assumptions | (17,204) | 923 | |||||
| Remeasurements | —amendments | to the contribution | |||||
| schedule | |||||||
| Provision at end | of period | 3,101 | 26,976 |
| Balance 1 | Income | Transfer | Expenditure | Unrealised | Funds 31 | ||
|---|---|---|---|---|---|---|---|
| April 2021 | between | gains | March 2022 | ||||
| funds | |||||||
| E | f | E | f | E | f | ||
| Accumulated | fund | 707,690 | 423,328 | 37,220 | (603,606) | 15,838 | 580,470 |
| Designated | fund "In | ||||||
| Memory of Elizabeth | |||||||
| Fergusson" | 14,000 | 14,000 | |||||
| Designated | fund "The | ||||||
| Sheila Ryde | Legacy Fund" | 1,349,209 | 37,220 | (37,220) | 28,986 | 1,378,195 | |
| 2,070,899 | 460,548 | (603,606) | 44,824 | 1,972,665 |
| Balance 1 | Income | Transfer | Expenditure | Unrealised | Funds 31 | ||
|---|---|---|---|---|---|---|---|
| April 2020 | between | gains | March 2021 | ||||
| funds | |||||||
| E | E | E | E | E | E | ||
| Accumulated | fund | 623,226 | 537,141 | 26,275 | (540,001) | 61,049 | 707,690 |
| Designated | fund "ln | ||||||
| Memory of Elizabeth | |||||||
| Fergusson" | 14,000 | 14,000 | |||||
| Designated | fund "The | ||||||
| Sheila Ryde | Legacy Fund" | 1,113,290 | 40,275 | (40,275) | 235,919 | 1,349,209 | |
| 1,736,516 | 577,416 | (540,001) | 296,968 | 2,070,899 |
| Name, description, | nature | nature | nature | Balance 1 | Balance 1 | Income | Expenditure | Transfers | Funds | 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| and purpose | April | 2021 | March 2022 | |||||||
| f | f | |||||||||
| Royal Borough of | ||||||||||
| Kensington and Chelsea- |
||||||||||
| Rent benefit | 25,000 | (25,000) | ||||||||
| Kensington 5 Chelsea | ||||||||||
| Foundation - Mighty |
Me | |||||||||
| project | 8,000 | (8,000) | ||||||||
| Children in Need |
14,852 | (14,852) | ||||||||
| Kathy and Patrick Street | 25,000 | (25,000) | ||||||||
| Hurlingham Academy- |
||||||||||
| Towards in-school therapist |
||||||||||
| and individual counselling |
||||||||||
| 3,450 | (3,450) | |||||||||
| West London Zone- | ||||||||||
| individual counselling |
for | 4 | ||||||||
| students | 5,900 | (5,900) | ||||||||
| 82,202 | (82,202) | |||||||||
| Analysis ofmovements | in | restricted | funds | - previous year | ||||||
| Name, description, | nature | Balance | 1 | Income | Expenditure | Transfers | Funds 31 | |||
| and purpose | April 2020 | March 2021 | ||||||||
| f | ||||||||||
| Royal Borough of | ||||||||||
| Kensington and Chelsea— |
||||||||||
| Rent benefit | 25,000 | (25,000) | ||||||||
| West London Zone- | ||||||||||
| Delivery of Mighty Me | and | |||||||||
| Shining Stars Projects. | ||||||||||
| 27,070 | (27,070) | |||||||||
| 52,070 | (52,070) |
| Accumul- | Designated | Restricted | Funds 31 | ||
|---|---|---|---|---|---|
| ated Fund | Funds | Funds | March 2022 | ||
| f | f | f | |||
| Tangible fixed assets | 475,138 | 1,378,195 | 1,853,333 | ||
| Cash at bank and | in hand | 187,518 | 14,000 | 201,518 | |
| Other net current | liabilities | (79,085) | (79,085) | ||
| Provisions for liabilities | (3,101) | (3,101) | |||
| 580,470 | 1,392,195 | 1,972,665 |
| Accumul- | Designated | Restricted | Funds 31 | ||
|---|---|---|---|---|---|
| ated Fund | Funds | Funds | March 2021 | ||
| f | f | E | |||
| Tangible fixed assets | 476,504 | 1,349,209 | 1,825,713 | ||
| Cash at bank and | in hand | 279,874 | 14,000 | 293,874 | |
| Other net current | liabilities | (21,712) | (21,712) | ||
| Provisions for liabilities | (26,976) | (26,976) | |||
| 707,690 | 1,363,209 | 2,070,899 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Net movement of |
funds | (98,234) | 334,383 | ||
| (Deduct) dividends | and interest | income | |||
| shown in investing |
activities | (50,187) | (54,189) | ||
| (Deduct)/add unrealised |
|||||
| (Gains) / losses | (27,620) | (297,891) | |||
| Decrease/(increase) | in debtors | 7,124 | (6,026) | ||
| Increase/(decrease) | in creditors | 50,249 | 18,440 | ||
| Increase/(decrease) | in provisions | (23,875) | (4,987) | ||
| Net cash used in operating |
activities | (142,543) | (10,270) |