2023-03-31-accounts - West London Action For Children

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Contents
			Page
Chair's message Report ofthe trustees			3 4-9
Independent	auditor's	report	10-14
Statement of	financial	activities	15
BaIance shect			16
Statement of	cash flows		17
Notes to the accounts			18-30

				fo	r the year ending	31March 202	3
					Unrestricted	Restricted	Total Funds	Total Funds
				Note	Funds	Funds	2023	2022
					E	E	E	E
Income:
Donations and legacies					226,190	246,432	472,622	326,948
Activities for generating	funds				99,120		99,120	83,413
Investment income					52,942		52,942	50,187
Total income					378,252	246,432	624,684	460,548
Expenditure
Casts afraising funds:
Costs ofgenerating voluntary			income		45,013		45,013	40,612
Expenditure on charitable		activities:
Costs ofcharitable activities					375,966	246,432	622,398	562,994
Total expenditure					420,979	246,432	667,411	603,606
Net (expenditure)/income					(42,727)		(42,727)	(143,058)
Other recognised gains	and losses
Gains/(losses) on investment			assets	14	(120,030)		(120,030)	27,620
Gains/(losses) on pension		deficit revaluation		17	53		53	17,204
Net movement in funds					(162,704)		(162,704)	(98,234)
Reconciliation offunds
Total funds brought forward					1,972,665		1,972,665	2,070,899
Total funds carried forward					1,809,961		1,809,961	1,972,665

				West London Action for Children	West London Action for Children
				Balance Sheet
				as at 31March 2023
				Note	2023	2022
						f
Fixed assets
Investments				14	1,733,303	1,853,333
Total Fixed Assets					1,733,303	1,853,333
Current assets
Debtors				15	23,969	13,810
Cash at bank and in	hand				194,734	201,518
Total Current Assets					218,703	215,328
Liabilities
Creditors falling due within one year				16	(140,068)	(92,895)
Net Current assets					78,635	122,433
Total assets less current		liabilities			1,811,938	1,975,766
Provisions for liabilities				17	(1,977)	(3,101)
Net assets					1,809,961	1,972,665
The funds ofthe charity:
Unrestricted income funds:
Unrestricted revenue accumulated			funds		500,505	580,470
Designated revenue	funds				1,309,456	1,392,195
Total unrestricted	funds			18	1,809,961	1,972,665
Restricted income funds:
Total restricted Income funds				18
Totalcharityfunds					1,809,961	1,972,665

					West	London	Action for Children	Action for Children
					Statement		of Cash Flows
				for the		year ending 31March		2023
						Note		2023	2022
								f	f
Cash used in operating activities						20		(59,726)	(142,543)
Cash inflows from investing		activities
Dividends and	interest from investments							52,942	50,187
Cash provided	by (used in)	investing	activities					52,942	50,187
Increase (decrease) in cash		and cash	equivalents		in the
year								(6,784)	(92,356)
Cash and cash	equivalents	at the beginning		ofthe year				201,518	293,874
Total cash and	cash equivalents at the end			of	the year			194,734	201,518

		2023	2022
Donations	and legacies	f	f
Statutory	bodies	132,889	146,184
Individuals		51,955	59,447
Companies		56,163	6,510
Trusts		168,088	83,904
Legacies		5,000
Schools and churches		58,527	30,903
		472,622	326,948

								2023	2022
								f	f
	Bank interest							3,278	611
	Income from		listed	investments				49,664	49,576
								52,942	50,187
6	Analysis of expenditure				on charitable		activities
								Client services	Client services
								2023	2022
								f	f
	Projects and		social	work	payroll costs			420,344	352,730
	Sessional workers							8,630	8,325
	Childcare							1,684	3,563
	Fares							989	609
	Recruitment							3,343	1,073
	Miscellaneous		expenditure					3,738	2,513
	Resources							1,119	776
	Translation	services						2,174	2,729
	Staff training							380	1,655
	Supervision							10,778	7,484
	Subscriptions							1,727	315
	Costs ofgenerating			voluntary		income:	Fundraising
	and publicity							45,013	40,612
	Governance		costs				Note 8	7,715	5,387
	Support costs						Note 8	159,777	175,835
								667,411	603,606

Summary	analysis of	analysis of	expenditure	and related income for charitable	purposes
				Client services	Client services
				2023	2022
				f	f
Costs				(667,411)	(603,606)
Funding	by Statutory		bodies	132,889	146,184
Net cost	funded	from	other income	(534,522)	(457,422)

Analysis ofgovernance	and support	costs
	General	Governance	Total	Total	Basis of
	support	function			apportion-
					ment
	2023	2023	2023	2022
	f	f	f	f
Administration
payroll and
related costs	81,947		81,947	80,791	Staff time
Miscellaneous
expenses	8,851	501	9,352	11,640	Usage
Premises costs	31,230		31,230	36,776	Floor area
Repairs and
expensed
equipment	2,110		2,110	1,068	Floor area
Telephone	3,979		3,979	2,660	Usage
Printing,
postage and
stationery	1,078		1,078	1,040	Usage
IT	16,084		16,084	24,532	Usage
Bank charges	988		988	1,583	Usage
Bookkeeping
and accounts	6,250		6,250	6,041	Staff time
Insurance	7,260		7,260	9,704	Usage
Audit fees		7,214	7,214	5,387	Direct
Total	159,777	7,715	167,492	181,222

	2023	2022
This is stated after charging:	f	f
Auditors remuneration:
Audit fees	7,214	5,387

	2023	2022
	f	f
Salaries and wages	487,598	426,289
Social security costs	42,814	35,364
Pension costs	12,592	10,882
	543,004	472,535

						2023	2022
						Number	Number
	Engaged	in	charitable	activities		22	19
12	Government		grants
						2023	2022
	Revenue	funding				f	f
	London	Borough ofHammersmith				44,634	43,000
	Royal Borough of Kensington				and Chelsea	63,255	71,255
	Royal Borough of Kensington				and Chelsea—
	Rent benefit					25,000	25,000
	HMRC -	Job	Retention	Scheme grants			6,929
						132,889	146,184

	2023	2022
Movement in fixed asset investments	f	f
Market value brought forward at 1April 2022	1,853,333	1,825,713
Add/Deduct: net gain (loss) on revaluation	(120,030)	27,620
Market value as at 31March 2023	1,733,303	1,853,333
Investments at fair value	2023	2022
Comprised:	f	f
UK Listed fixed interest income units	32,895	35,899
UK Listed Unit Trust income units	1,700,408	1,817,434
Market value as at 31March 2023	1,733,303	1,853,333

	2023	2022
	f	f
Other debtors	3,450	7,550
Prepayments	20,519	6,260
	23,969	13,810

16	Creditors:	amounts	amounts	falling due within one year	falling due within one year
						2023	2022
						f	f
	Other creditors		and	accruals		129,241	82,731
	Taxation and social			security costs		10,827	10,164
						140,068	92,895
17	Provisions
						Period ending	Period ending
						31March	31March
						2023	2022
						f	f
	Provision	at start of period				3,101	26,976
	Unwinding	ofthe discount factor			(interest expense)	59	156
	Deficit contribution			paid		(1,130)	(6,827)
	Remeasurements		-	impact ofany	change in
	assumptions					(53)	(17,204)
	Remeasurements		-	amendments	to the contribution
	schedule
	Provision	at end	of	period		1,977	3,101

		Balance 1	Income	Transfer	Expenditure	Unrealised	Funds 31
		April 2022		between		gains	March 2023
				funds
		f	f	E	f	E	f
Accumulated	fund	580,470	587,456	37,228	(667,411)	(37,238)	500,505
Designated	fund "In
Memory of Elizabeth
Fergusson"		14,000					14,000
Designated	fund "The
Sheila Ryde	Legacy Fund"	1,378,195	37,228	(37,228)		(82,739)	1,295,456
		1,972,665	624,684		(667,411)	(119,977)	1,809,961
Analysis of	movements	in unrestricted funds	- previous	year
		Balance 1	Income	Transfer	Expenditure	Unrealised	Funds 31
		April 2021		between		gains	March 2022
				funds
		E	E	f	f	f	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

on the accounts	on the accounts
Analysis ofmovements			in	restricted	funds
Name, description,	nature			Balance		1	Income	Expenditure	Transfers	Funds	31
and purpose				April	2022					March 2023
					f		f	f	f		E
Royal Borough of
Kensington and Chelsea-
Rent benefit							25,000	(25,000)
Rockspring Charitable		Trust
via Kensington &Chelsea
Foundation —Mighty	Me
project							24,000	(24,000)
Children in Need							33,462	(33,462)
Goldman Sachs Giving							50,000	(50,000)
City Bridge Trust							26,700	(26,700)
The Hurlinham Academy-
therapist							5,100	(5,100)
The Band Trust - Donation
towards cost of printer
							1,000	(1,000)
Westside Academy Trust-
In school counselling							5,732	(5,732)
John Lyons Charity - DRIFT
project							18,958	(18,958)
The Lightbulb Trust	grant
for 2022-23							27,720	(27,720)
West London Zone-
Therapeutic work in	schools
							28,760	(28,760)
							246,432	(246,432)
Analysis of movements			in	restricted	funds		- previous year
Name, description,	nature			Balance 1			Income	Expenditure	Transfers	Funds 31
and purpose				April 2021						March 2022
						E	E
Royal Borough of
Kensington and Chelsea-
Rent benefit							25,000	(25,000)
Kensington &Chelsea
Foundation - Mighty	Me
project							8,000	(8,000)
Children in Need							14,852	(14,852)
Goldman Sachs Giving							25,000	(25,000)
Hurlingham Academy—
Towards in-school therapist
and counselling
							3,450	(3,450)
West London Zone-
individual counselling							5,900	(5,900)
							82,202	(82,202)

					Accumul-	Designated	Restricted	Funds 31
					ated Fund	Funds	Funds	March 2023
					f	f	f	f
Tangible fixed	assets				437,847	1,295,456		1,733,303
Cash at bank and		in hand			180,734	14,000		194,734
Other net current		liabilities			(116,099)			(116,099)
Provisions for	liabilities				(1,977)			(1,977)
					500,505	1,309,456		1,809,961
Analysis ofnet assets between				funds - previous year
					Accumul-	Designated	Restricted	Funds 31
					ated Fund	Funds	Funds	March 2022
					f	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
Reconciliation	of	net movement		in funds	to net cash flow	from operating	activities
						2023	2022
						f	f
Net movement	offunds					(162,704)	(98,234)
(Deduct) dividends		and interest		income
shown in investing		activities				(52,942)	(50,187)
(Deduct)/add	unrea lised
(Gains) / losses						120,030	(27,620)
Decrease/(increase) in debtors						(10,159)	7,124
Increase/(decrease) in creditors						47,173	50,249
Increase/(decrease)		in provisions				(1,124)	(23,875)
Net cash used	in operating		activities			(59,726)	(142,543)