2021-03-31-accounts - Hornsey Lane Estate Community Association Limited

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					Page
Trustees' annual report (incorporating		the	director's	report)
Independent examiner's report	to the	trustees			14
Statement offinancial activities	(including		income and
expenditure account)					16
Statement offinancial position					17
Statement ofcash flows					18
Notes to the financial statements					19

		Y	ear end	ed 31 March	2021
					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note		6	6	2
Income and endowmenbs
Donations and legacies			6	385,192	170,640	555,832	268,100
Charitable actndties			8	59,789		59,789 '	141,665
Investment income			7	9		9	14
Total income				444,990	170,640	615,830	409,779
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			8	3,321		3,321	3,679
Expenditure on charitable	activities		9,10	285,512	152,971	438,483	377,136
Total expenditure				288,833	152,971	441,804	380,815
Net income and net movement		in	funda	156,157	17,669	173,826	28,964
Reconciliation offunda
Total funds brought forward				40,880	12,180	53,060	24,096
Total funds carded forward				197,037	29,849	226,886	53,060

	Year en	ded 31 March 20	21
			2021f	2020 f
Cash flows from operating	activities
Net income			173,826	28,984
Adjustments for.
Depreciation oftangible fixed assets Other interest receivable and similar income Accrued expenses/(income)			3,710 (9) 8,972	(14) (6,584)
Changesin:
Trade and other debtors Trade and other creditors			2,078 (2,423)	4,522 (14,943)
Cash generated from operations			186,154	11,945
Interest received				14
Net cash from operating activities			188,163	11,959
Cash flows from investing	activities
Purchase oftangible assets			(14,839)
Net cash used in investing activities			(14,839)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear	171,324 38,467	11,959 26,508
Cash end cash equivalents	at end ofyear		209,791	38,457

6. Donations and	legacies
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
						6	6
Donations
Sundry donations					2,382		2,382
Grants
London Borough	of lslington	- Nursery		Education
Grant					119,319		119,319
London Borough	ofIslington	—Young People Services
(Play and After School)					59,606		59,606
Big Lottery						49,099	49,099
CAF Bank Resilience Bank					42,686		42,685
London Borough	ofIslington	Regeneration			42,500		42,500
Furlough Income					38,460		38,460
Locality Grant					25,000		25,000
London Borough	of lslington	- Nursery		Grant Aid	24,296		24,296
City Bridge Trust						21,360	21,360
Cripplegate —London Community			Fund			20,000	20,000
Charles French Chaditable Trust Octopus Community Network						19,448	19~
Cripplegate						16,000	16,000
Independent Age						14,257	14,257
London Borough	of Islington	- Test &Trace			12,000		12,000
London Borough	of Islington	- other smaller grants
(66000or less)					5,042	5,600	'I0,642
London Borough	of Islington	- SBRGRates Relief			10,000		10,000
London Borough	of lslington	- London		Community
Response Fund						9,376	9,376
Transport for London						5,000	5,000
Antonio Carluccio	Foundation					5,000	6,000
Morris Charitable	Trust					5,000	5,000
Manor Garden Welfare Trust Grants less than 61,000					2,614 1,388	500	2,514 1,888
EI BA The Arsenal Foundation						1,000	1,000
Awards for All
Henry Smith Charity
					366,192	170,640	555,832

							Unrestricted	Restricted	Total Funds
							Funds	Funds	2020
	Donations
	Sundry donations						808		808
	Grants
	London Borough	of Islington	- Nursery		Education
	Grant						108,862		108,862
	London Borough	ofIskngton	- Young		People	Services
	(Play and After School)						60,832		50,832
	London Borough	of Islington	Regeneration				40,000		40,000
	London Borough	of Islington	- Nursery		Grant Aid		32,348		32,348
	Octopus Community Network							16,974	16,974
	Awards for All							8,128	8,128
	Charles French Charitable Trust							3,300	3,300
	London Borough	of Islington	- other smaller grants
	(65000or less)						2,953		2,953
	The Arsenal Foundation							1,876	1,875
	Henry Smith Charity Grants less than 61,000							1,270 760	1,270 750
	London Borough	of Islington	- SBRG		Rates Relief
	ELBA
	Manor Garden Welfare Trust
	Big Lottery
	Furlough Income
	Cripplegate
	Transportfor London
	London Borough	of Islington	- Test 6		Trace
	London Borough	of lslington	- London		Community
	Response Fund
	Cdpplegate - London Community			Fund
	Antonio Carluccio	Foundation
	City Bridge Trust
	Morris Chadtable	Trust
	Locality Grant
	IndependentAge
	CAF Bank Resilience Bank
							235,803	32,297	268,100
6.	Charitable activities
					Unrestricted		TotalFunds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
						F	6		E
	Nursery fees					51,568	61,588	69,781	69,781
	Hall hire Young People (Play 6After School)					7,851	7,851	2,383 45,945	2,383 45,945
	Student placement fees							2,800	2,800
	Other income					370	370	20,756	20,756
						69,789	59,789	141,665	141,665
Jaek	sorr LAoho(as Assis Limited Chartered				Certified	vteeoant	arrts		- 23—

					Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
							8	F	8
	Bank interest		receivable			9	9	14	14
8.	Costs of raising donations			and legacies
					Unrestricted		Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
						F	E
	Fundraising	costs				3,321	3,321	3,679	3,679
9.	Expenditure		on charitable	activities	by fund	type
							Unrestricted	Restricted	TotaIFunds
							Funds	Funds	2021
	Community	support					3,558	827	4,385
	Nursery						143,661	10,341	154,002
	Young peoples' services (Play &After				School)		69,941	2,068	72,009
	Older peoples'		services				6,859	44,677	51,538
	Community	Development					10,130	82,878	93,008
	Estate We Play							12,180	12,180
	Support costs						51,363		51,363
							285,512	152,971	438,483
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2020
							9		F
	Community	support					12,884		12,864
	Nursery						169,043		169,043
	Young peoples' services (Pfey 8 After				School)		91,376	4,570	95,946
	Older peoples'		services				28,882	8,878	37,760
	Community	Development
	Estate We Play						7,475	6,669	14,144
	Support costs						47,379		47,379
							357,019	20,1'l7	377,136

			Activities
			undertaken	Grant funding		Total funds	Total fund
			directly	ofactivities	Support costs	2021	2020
			8		6	6	E
Community	support		4,082	303	2,605	6,990	17,541
Nursery			150,217	3,785	18,462	172,464	185,961
Young peoples' services
(Play &After		Schon!)	71,252	757	11,475	83,484	1'l2,461
Older peoples' services			47,448	4,088	1,115	52,651	42,560
Community
Development			86,800	6,208	12,522	105,630
Estate We Play			12,180			12,180	14,144
Governance		costs			5,184	5,184	4,469
			371,979	15,141	51,363	438,483	377,136

				2021 f
Grants	to Institutions
Henley	Crouch Community	Association	Ltd	15,141
Total gmnts				15,141

13.	with providing services in Net income	relation to isolation among the elderly	relation to isolation among the elderly	and vulnerable in the c	ommunity.
	Net income is stated after	charging/(crediting):
				2021 f	2020 f
	Depreciation oftangible fixed assets Openeting lease rentals			3,710 1,276	1,032
14.	Independent examination	fees
				2021f	2020
	Fees payable to the independent		examiner for:
	Independent examination	ofthe	financial statements	4,745	4,469

Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2021 f	2020 f
Wages and salaries Social security costs			309,473 14,232	269,656 17,143
Employer contributions	to pension	plans	5,281	4,390
			328,988	291,189

offull-ti	me	equivalent em	ployees duding the year is anslysed as follo	ws:
				2021	2020
				No.	No.
Number	of	nursery staff		5	1
Number	of	Young People's services (Play &After School) staff		4	2
Number	of	older people's	services staff	1	1
Number	of	management	staff	2	3
Number	of	other staff		2	1
				14	8

17.	Tangible fixe	d assets
			Equipment	Total
				8
	Cost
	At 1 April 2020		5,212	5,212
	Additions		14,839	14,839
	At 31 INarch	2021	20,051	20,051
	Depreciation
	At 1 April 2020 Charge forthe year		5,212 3,710	5,212 3,710
	At 31 March	2021	8,922	8,922
	Carrying amount
	At 31 March	2021	11,129	11,129
	At 31 March 2020
18.	Debtors
			2021	2020
			E	E
	Trade debtors		2,604	8.654
	Prepayments Other debtors	and accrued income	1,323 10,604	7,833 6,632
			14,531	23,119

Creditors: amounts falling due within one year
	2021	2020
	rn	E
Trade creditors	1,334	2,188
Accruals Social security and other taxes	2,462 3,698	5,424
Other creditors	1,071	914
	8,565	8,526

			At				At
		1	April 2020	Income f	Expenditure 8	31 March 2021
General	funds		40,880	444,990	(288,833)		197,037
			At				At
		1	April 2019	Income	Expenditure		31 Match 2020
					8
Generalfunds			24,098	377,482	(360,898)		40,880

Restricted	funda
		At				At
		1 Apnl 2020	Income	Expenditure	31	March 2021
			6
Nursery Older People's Projects			11,340 44,877	(10,341) (44,677)		$$9
Community Centre Estate We Play Young People's Services		12,180	827 2,088	(827) (12,180) (2,068)
Community	Development		111,728	(82,878)		28,850
		12,180	170,640	(152,971)		29,849
		At				At
		1 Apnl 2019	Income	Expenditure	31	March 2020
		F	6	6
Nursery
Older People's Projects			8,878	(8,878)
Community	Centre
Estate We Play Young People's Services			18,849 4,570	(6,669) (4,570)		12,'I80
Community	Development
			32,297	(20,117)		12,180

								Unrestricted	Restricted	Restricted	Total Funds
								Funds		Funds	2021
										E	E
	Tangible fixed	assets						11,129			11,129
	Currant assets							194,473		29,849	224,322
	Creditors less	than		1	year			(8,565)			(8,565)
	Net assets							197,037		29,849	226,886
								Unrestricted	Restricted		Total Funds
								Funds		Funds	2020
								E		E	E
	Tangible fixed	assets
	Current assets Creditors less	than		1	year			49,406 (8,526)		12,180	61,586 (8,526)
	Net assets							40,880		12,180	53,060
24.	Analysis ofchanges				in net debt
											At
								At1 Apr 2020	Cash flows		31 Mar 2021
								E		E	E
	Cash at bank and			in hand				38,467		171,324	209,791
25.	Operating lease commitments
	The total future		minimum			lease payments	under	non-cancellable operating		leases are as follows:
										2021	2020
										E
	Not later than	1	year							1,485	837
	Later than 1 year and				not	later than 5years				3,395	2,720
										4880	3557
26.	Related parties