OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

REGISTERED COMPANY NUMBER: 07189080 (England and Wales) REGISTERED CHARITY NUMBER: 1135762

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

FRIENDS OF BROOK GREEN

Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

FRIENDS OF BROOK GREEN

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Chairman's Report 1 to 3
Report of the Trustees 4 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 15
Detailed Statement of Financial Activities 16 to 17

FRIENDS OF BROOK GREEN

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

Finance

Our financial resources continued to strengthen over the year, reflecting good rental income from the Tennis Courts, which saw a strong increase on the previous financial year. The financial year ending March 2021 was somewhat affected by short-term closure of the courts due to the Covid 19 pandemic.

Fortunately, we were also able to continue our fundraising efforts and organized our annual inter-street quiz again in Spring of 2022, after being forced to skip this event in 2021 due to the pandemic. We were very pleased to see so many people from the local community in attendance again and, alongside local sponsorships, supporting FBG's fund raising efforts.

The lifespan of tennis court playing surfaces is estimated by the LTA at approximately 8 years. Our financial resources, combined with ongoing income over the next few years, are expected to support the future need to fully refurbish the tennis courts, as well as ongoing maintenance costs of the courts and related facilities such as lights and the pavilion. In last year's report we referred to our goal to update our assessment of likely costs (versus resources) and more explicitly assess financial resources that may be required to maintain other critical community facilities on the Green such as the pavilion. However, the Trustees had to prioritise FBG's banking arrangements due to ongoing administrative and access issues and the bank provider's change of operating policy with Charities. As a result, the board decided to prioritise the time-consuming search for new bank account with a provider who can better support the needs of a small charity and offer modern electronic banking.

Tennis Venue Update

Brook Green continues to stand out as an exceptional Lawn Tennis Association (LTA) registered venue. Usage was high - especially around peak periods, with some expected drops in utilisation during off peak hours, estimated to be due to lower amounts of home-working post-pandemic. Revenues remain strong, and it is noted that this revenue is a major component of the funding necessary for FBG to be able to meet its obligations and aims across the whole of the Brook Green site, including setting aside funds for repairs and improvements. Court use pricing was increased on 29 March 2021, and we continue to monitor whether this pricing is in line with other tennis courts in this part of London, particularly the charge for the use of the floodlights during a time of very high energy prices.

Coaching

Working with the LTA and our licensed coaches from Courtfit, we have established a wide coaching offer across all abilities, whilst maintaining peak and off-peak access to playing members. Our membership is still free, which allows all members of the public to be able to book and use the court facilities. We are continually reviewing the coaching offer, which is updated each term.

We continue to see high take up of both the block booked courses and the "drop-in" sessions. We have worked hard to ensure there is the right mix of time on the courts for group coaching, one-to-one coaching and, of course, casual play by the public.

Outreach tennis programs continue with 3 local schools, which have been run through the generosity of our coaching partner, CourtFit who give their time for free to organize the local schools program.

The licence granted to CourtFit has been extended until 30 September 2024. We continue to ensure that the award of the Coaching licence delivers value for money for the FBG and meets the needs of users of the courts and the wider community of potential converts to tennis - and plan a review of the licence arrangements when the current licence expires.

Playground

The refurbishment of the playground has been the subject of extensive co-operation between the council and FBG over the last two years.

Whilst it was quite quickly agreed that the playground needed substantial refurbishment, the intervention of Covid-19 and the difficulties of procuring equipment has caused extensive delays.

Page 1

FRIENDS OF BROOK GREEN

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

It was originally planned that the playground would be refurbished in two phases. In the first phase the mounds would be recovered, the edging to the sand pits and the raised garden areas would be renewed using sustainable oak, and various pieces of equipment would be replaced. This work was due to have been completed in the financial year 2021 with FBG contributing to 75% of the cost.

The second phase, to be funded out of this year's budget (2022-23) by the council, aimed to build on the first phase so that a complete refurbishment would be delivered. Works include surfaces that have subsided being repaired and resurfaced, new gates installed for disabled access and for servicing the playground, all remaining play equipment refurbished or renewed plus additional play equipment including that for disabled children.

These two phases have now merged in terms of the work being carried out and it is anticipated that the work will be completed in the first quarter of 2023.

Pavilion

We extended our partnership with Bears who operate the kiosk in Brook Green. Rain or shine, the team continue to be an integral part of the Brook Green community. They offer a wide range of seasonal products for residents and visitors to enjoy. The staff are a genuine asset to this enthusiastic business. We look forward to them continuing their partnership with the Brook Green community for many years to come.

Brook Green Management

Horticulture and Trees

This year we continued the work in the quiet garden, adding some raised beds that have been seeded for Spring and Summer colour. Some other more permanent plants have been also added in these raised beds recently and we aim to add more plants in the Spring. Bulbs were also planted in Autumn with the generous help of St Paul's girls, who also supported with autumnal maintenance of the raised beds in the quiet garden.

In June we took part in a festival organized by Bute House School and conducted a seeding workshop with children from local schools.

As usual, the focus was on weeding, collecting leaves and other rubbish. During the Spring/Summer we also received a lot of help from local volunteers.

We hope to encourage more people and schools to support us with preparation of the mounds soil next to the tennis courts before planting the area with perennials and bushes in spring.

Since the work carried out just before the Covid-19 pandemic, there has been no further work on the trees during the reporting period, but we would hope to revert to this with the Council in the next calendar year.

Community

This year has seen us develop a long-term plan for how FBG will pursue community outreach activities in the future, in addition to the tennis outreach. Previous years saw the focus orientate around supporting local schools and organisations in the wake of the peak of the Covid-19 pandemic, including reading corners and art projects.

Our goal is to continue to support similar local initiatives in the future. This year we reviewed the original articles of the charity and built on this to establish a clearer and more long-term approach to future grant funding and support we can provide as a charity to the local area. We continue to receive positive feedback from local recipients in relation to donations from FBG.

Events

In terms of events, it was a case of cautiously getting back to normal after the hiatus of the pandemic. So we were delighted to see the return of the annual FBG Quiz in March, once again hosted by the excellent quiz mistress Susannah Frieze.

The result itself was also memorable due to the winning performance of our regular main sponsor Finlay Brewer and the FBG Trophy has been on display at Finlay Brewer HQ ever since.

Page 2

FRIENDS OF BROOK GREEN

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

While the Quiz has become an annual and enjoyable fixture on the Brook Green social calendar, now established for some years, it also has a practical function in raising money for the local community. This year we were able to raise more than £6,000 after expenses, through a combination of Finlay Brewer's main sponsorship, the raffle and many raffle prizes donated by small local businesses, and of course the contribution from the many Brook Green residents who take part. Plans are already underway for 2023.

Sadly, there was no Brook Green Day in September, the timing being judged as 'not quite right' after the pandemic to begin hosting such large-scale events. But future Brook Green Days are under consideration.

Page 3

FRIENDS OF BROOK GREEN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Charitable objectives are:

  1. To protect and enhance the character, maintenance, safety, facilities and accessibility of Brook Green as an amenity.

  2. To benefit the residents of the London borough of Hammersmith and Fulham, particularly those living in the area surrounding Brook Green, by associating together said residents in a common effort to provide facilities in the interests of social welfare for recreation leisure time occupation, with the objective of improving conditions of life for the residents, and

  3. To carry out such other charitable activities as the directors in their absolute discretion see fit.

The Charity's objectives are for the benefit of the public, in particular residents of the London Borough of Hammersmith and Fulham.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07189080 (England and Wales)

Registered Charity number

1135762

Registered office

424 Margate Road Ramsgate Kent CT12 6SJ

Trustees

Mr C D Boyd Lloyds Underwriter Ms J A Duff International Business Mr N C London TV Producer Ms A Clarke Retired Mr C I J Sanderson Surveyor Ms L H Higgins Director Mr R J A Collins Director Ms I Rosazza Bertina Director Ms S H Cohen Director (resigned 31/3/2022) Mr J Brouwer Financial Advisory (appointed 10/1/2022)

Company Secretary

Mr C D Boyd

Page 4

FRIENDS OF BROOK GREEN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Richard Phillpott FMAAT ACCA Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

Approved by order of the board of trustees on 16 December 2022 and signed on its behalf by:

J Duff

Ms J A Duff - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF BROOK GREEN

Independent examiner's report to the trustees of Friends Of Brook Green ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Richard Phillpott FMAAT ACCA Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

16 December 2022

Page 6

FRIENDS OF BROOK GREEN

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
160
Charitable activities
Protection and enhancement of Brook Green
68,722
Other trading activities
3
7,385
Investment income
4
2,333
Total
78,600
EXPENDITURE ON
Raising funds
1,096
Charitable activities
Protection and enhancement of Brook Green
28,989
Total
30,085
Net gains on investments
4,524
NET INCOME
53,039
Transfers between funds
10
7,884
Net movement in funds
60,923
RECONCILIATION OF FUNDS
Total funds brought forward
196,646
TOTAL FUNDS CARRIED FORWARD
257,569
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
(7,884)
(7,884)
7,884
-
2022
Total
funds
£
160
68,722
7,385
2,333
78,600
1,096
28,989
30,085
4,524
53,039
-
53,039
204,530
257,569
2021
Total
funds
£
165
56,294
-
2,466
58,925
13
36,976
36,989
9,932
31,868
-
31,868
172,662
204,530

The notes form part of these financial statements

Page 7

FRIENDS OF BROOK GREEN

BALANCE SHEET 31 MARCH 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Investments
7
77,139
CURRENT ASSETS
Debtors
8
10,290
Cash at bank
234,900
245,190
CREDITORS
Amounts falling due within one year
9
(64,760)
NET CURRENT ASSETS
180,430
TOTAL ASSETS LESS CURRENT
LIABILITIES
257,569
NET ASSETS
257,569
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
funds
£
-
-
-
-
-
-
-
-
2022
Total
funds
£
77,139
10,290
234,900
245,190
(64,760)
180,430
257,569
257,569
257,569
-
257,569
2021
Total
funds
£
72,615
6,993
144,731
151,724
(19,809)
131,915
204,530
204,530
196,646
7,884
204,530

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

FRIENDS OF BROOK GREEN

BALANCE SHEET - continued 31 MARCH 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2022 and were signed on its behalf by:

J Duff

Ms J A Duff - Trustee

The notes form part of these financial statements

Page 9

FRIENDS OF BROOK GREEN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

2. DONATIONS AND LEGACIES
2022 2021
£ £
Donations 160 165
3. OTHER TRADING ACTIVITIES
2022 2021
£ £
Quiz income 7,385 -

continued...

Page 10

FRIENDS OF BROOK GREEN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. INVESTMENT INCOME

2022 2021
£ £
Other fixed asset inv - UnFII 2,327 2,442
Interest receivable - trading 6 24
2,333 2,466

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
45
Charitable activities
Protection and enhancement of Brook Green
56,294
Investment income
2,465
Total
58,804
EXPENDITURE ON
Raising funds
13
Charitable activities
Protection and enhancement of Brook Green
36,976
Total
36,989
Net gains on investments
9,932
NET INCOME
31,747
RECONCILIATION OF FUNDS
Total funds brought forward
164,899
TOTAL FUNDS CARRIED FORWARD
196,646
Restricted
funds
£
120
-
1
121
-
-
-
-
121
7,763
7,884
Total
funds
£
165
56,294
2,466
58,925
13
36,976
36,989
9,932
31,868
172,662
204,530

continued...

Page 11

FRIENDS OF BROOK GREEN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

7. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 April 2021
Additions
Disposals
Revaluations
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK.
Cost or valuation at 31 March 2022 is represented by:
Valuation in 2022
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
Unlisted
investments
£
72,615
20,858
(20,858)
4,524
77,139
77,139
72,615
Unlisted
investments
£
77,139
2022
2021
£
£
-
36
10,290
6,957
10,290
6,993
2022
2021
£
£
21,396
-
43,364
19,809
64,760
19,809

continued...

Page 12

FRIENDS OF BROOK GREEN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Unrestricted Pavilion Fund
Restricted funds
Restricted Sports Fund
Restricted Tennis Court Refurbishment
Fund
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Unrestricted Pavilion Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Unrestricted Pavilion Fund
Restricted funds
Restricted Sports Fund
Restricted Tennis Court Refurbishment
Fund
TOTAL FUNDS
At 1/4/21
£
196,646
-
196,646
4,884
3,000
7,884
204,530
as follows:
Incoming
resources
£
78,600
-
78,600
78,600
At 1/4/20
£
164,899
-
164,899
4,763
3,000
7,763
172,662
Net
movement
in funds
£
54,834
(1,795)
53,039
-
-
-
53,039
Resources
expended
£
(28,290)
(1,795)
(30,085)
(30,085)
Net
movement
in funds
£
50,037
(18,290)
31,747
121
-
121
31,868
Transfers
between
At
funds
31/3/22
£
£
6,089
257,569
1,795
-
7,884
257,569
(4,884)
-
(3,000)
-
(7,884)
-
-
257,569
Gains and
Movement
losses
in funds
£
£
4,524
54,834
-
(1,795)
4,524
53,039
4,524
53,039
Transfers
between
At
funds
31/3/21
£
£
(18,290)
196,646
18,290
-
-
196,646
-
4,884
-
3,000
-
7,884
-
204,530

continued...

Page 13

FRIENDS OF BROOK GREEN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 58,804 (18,699) 9,932 50,037
Unrestricted Pavilion Fund - (18,290) - (18,290)
58,804 (36,989) 9,932 31,747
Restricted funds
Restricted Sports Fund 121 - - 121
TOTAL FUNDS 58,925 (36,989) 9,932 31,868

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Unrestricted Pavilion Fund
Restricted funds
Restricted Sports Fund
Restricted Tennis Court Refurbishment
Fund
TOTAL FUNDS
At 1/4/20
£
164,899
-
164,899
4,763
3,000
7,763
172,662
Net
movement
in funds
£
104,871
(20,085)
84,786
121
-
121
84,907
Transfers
between
funds
£
(12,201)
20,085
7,884
(4,884)
(3,000)
(7,884)
-
At
31/3/22
£
257,569
-
257,569
-
-
-
257,569

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 137,404 (46,989) 14,456 104,871
Unrestricted Pavilion Fund - (20,085) - (20,085)
137,404 (67,074) 14,456 84,786
Restricted funds
Restricted Sports Fund 121 - - 121
TOTAL FUNDS 137,525 (67,074) 14,456 84,907

continued...

Page 14

FRIENDS OF BROOK GREEN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

12. DONATIONS

The charity has made the following donations through the period:

£4,000 to St Mary's £5,000 to Addison £3,000 to Masbro

Page 15

FRIENDS OF BROOK GREEN

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

FOR THE YEAR ENDED 31 MARCH 2022
2022 2021
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 160 165
Other trading activities
Quiz income 7,385 -
Investment income
Other fixed asset inv - UnFII 2,327 2,442
Interest receivable - trading 6 24
2,333 2,466
Charitable activities
Tennis court income 68,722 54,949
Recharged expenses - 1,345
68,722 56,294
Total incoming resources 78,600 58,925
EXPENDITURE
Raising donations and legacies
Sundries 28 13
Quiz Evening Expenses 1,068 -
1,096 13
Charitable activities
Website costs 240 240
Pavillion development costs - 15,103
Tennis courts 6,214 10,037
Pavillion Running Costs 3,963 3,187
Donations 12,000 4,000
Horticulture 2,673 1,373
Xero subscription 287 308
Access control services/wifi 272 -
25,649 34,248
Support costs
Management
Insurance 465 16
Finance
Bank charges 25 -

This page does not form part of the statutory financial statements

Page 16

FRIENDS OF BROOK GREEN

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
2022 2021
£ £
Finance
Governance costs
Accountancy and legal fees 2,850 2,712
Total resources expended 30,085 36,989
Net income 48,515 21,936

This page does not form part of the statutory financial statements

Page 17