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|CONTENTS||||
|---|---|---|---|
||||Page|
|Reference and Administrative||details|3.|
|Trustees'
Annual
Report|||4 to 11|
|Independent
Auditor's|Report||12to 14|
|Statement
of Financial|Activities||15|
|Balance Sheet|||16|
|Cash Flow Statement|||17|
|.Notes to the Financial|Statements||18to 27|
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||||Restricted|Unrestricted|||||
|---|---|---|---|---|---|---|---|---|
||||Total|Total||Total||Total|
||||2022|2022||2022||2021|
|||Note||F||E||E|
|Income from|||||||||
|Donations
and legacies||2|75,451|88315|'|163766||63,707,|
|Charitable
activities||3.||315,550||315,550||308,199 .|
|Other trading
activities||4||99,377||99,377||48,306|
|Investment
income||||6,153||6,153||11,003|
|Total income|||75,451|509,395||584,846||431,215|
|Expenditure
on|||||||||
|Raising funds||5||16,532||16,532||28,996|
|Charitable
activities||6||386,056||386,056||254,894|
|Other||7||95,813||95,813|'|83,136|
|Total expenditure||||498,401||498,401||367,026|
|Net income for the year|||75,451|10,994||' 86,445||64,189|
|Reconciliation
offunds|||||||||
|Fund balances
brought|forward||75,000|1,434,570||1,509,570||1,445,381|
|Fund balances carried|forward|19|150,451|1,445,564||1,596,015||1,509,570|
||||||Jubilee|Gardens Trust|Gardens Trust|||
|---|---|---|---|---|---|---|---|---|---|
|||||(a|company|limited|by guarantee)|||
|||||Balance Sheet||as at 31st March 2022||||
|||||Note||2022||2021||
|Fixed Assets||||||||||
|Plant 8 Equipment||||13|||174,853||'110,581|
|Current Assets||||||||||
|Debtors||||14|236,438|||160,851||
|Current asset||investment||15|1,219,823|||697,101||
|Cash at bank||and|in hand||39,304|||652,426||
|Total Assets|||||1,495,565|||1,510,378||
|Liabilities,||||||||||
|Creditors: amounts|||falling|||||||
|due within one year||||16|(74,403)|||(111,389)||
|Net Current||Assets||||1,421,162|||1,389,989|
|Net Assets||||||1,596,015|||1,509,570|
|Unrestricted||Funds||||||||
|Unrestricted|funds|||19||1,445,564|||1,434,570|
|Restricted funds||||19|||150,451||75,000|
|||||||1,596,015|||1,509,570|
||||||Statement|ofCash Flows'||||
|---|---|---|---|---|---|---|---|---|---|
||||||For the year ended 31 March 2022|||||
||||||Note|2022||2021||
||Cash flows from|||||||||
||operating
activities|||||||||
||Net cash provided
by|||||||||
||operating
activities||||23|(6,556)|||105,998|
||Cash flows from|||||||||
||investing
activities|||||||||
|.|Dividends
and interest|from|||6,153||11,003|||
||investments
and bank|||||||||
||Purchase
of property,|plant||and|,(89,997)|||||
||equipment|||||||||
||Net cash provided
by|||||(83,844)|||11,003|
||financing
activities|||||||||
||Change
in cash and cash|||||||||
||equivalents
in the reporting|||period||(90,400)|||117,001|
||Cash and cash e'quivalents|||at the||||||
||beginning
of reporting||period|||1,349,527|||1,232,526|
||Cash and cash equivalents|||at the||||||
||end ofthe reporting||period|||1,259,127|||1,349,527|
||Cash at bank and
in hand|||||39,304|||652,426|
||Investments|||||1,219,823|||697,101|
|||||||1,259,127|||1,349,527|
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|may differ from|may differ from|these|estimates.|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|The estimates||and|underlying|assumptions
are||reviewed
on an|||ongoing
basis.||Revisions
t'o|
|accounting|estimates||are recognised||in the period|which the estimate|||is|revised where|the revision|
|affects only|that|period, or in the||period ofthe revision|||and|future periods||where the revision affects||
|both current|and|future periods.||||||||||
|The directors do not|||believe there are any key judgements|||||or estimates.||||
|Donations|and|Legacies||||||||||
||||||Restricted|Unrestricted||||||
||||||Total|||Total||Total|Total|
||||||2022|||. 2022||2022|2021|
|||||||||E||E||
|Subscriptions||received||||||63,315||63,315|' 63,385|
|Donations|||||75,451|||25,000||100,451|322|
||||||75,451|||88,315||163,766|63,707|
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|aritable|acti|vities|||||
|---|---|---|---|---|---|---|
||||Restricted|Unrestncted|||
||||Total|Total|Total|Total|
||||2022|2022|2022|2021|
||||E|E|||
|Landlord|contribution|||65,318|65,318|64,037|
|Management||and|||||
|maintenance||contribution||250,232|250,232|244,162|
|||||,315,550|315,550|308,199|
|her Trading Activities|||||
|---|---|---|---|---|
||Restricted|Unrestricted|||
||Total|Total|Total|Total|
||2022|2022|2022|2021|
||E|E||E|
|Income from concessions||99,377|99,377|47,896|
|Other income||6,153|6,153|410|
|||105,530|105,530|48,306|
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|ising Fund|s|||||
|---|---|---|---|---|---|
|||Restricted|Unrestricted|||
|||Total|Total|Total|-Total|
|||2022|2022
E|2022
E|2021f|
|Contactless|Fundraising||7,524|7,524|21,565|
|Support costs (Note 8)|||9,008|9,008|7,431|
||||16,532|16,532|28,996'|
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||||Restricted|Unrestricted|||
|---|---|---|---|---|---|---|
||||Total|Total|Total|Total|
||||2022|2022|2022|2021|
|||||E|E||
|Management|and Maintenance||||||
|Garden maintenance||and upkeep||250,968|250,968|165,030|
|Water rates||||17,576|17,576|(5,638)|
|Security costs||||45,'726|45,726|26,875|
|Electricity costs||||6,977|6;977|8,737|
|Health and Safety||||5|5|233|
|Support costs|(Note|8)||64,804|64,804|59,656|
|||||386,056|386,056|254,894|
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|Other Cos|ts|||||||
|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|||
|||||Total|Total|Total|Total|
|||||' 2022|2022|2022|2021|
|||||E||E|F|
|Audit Fees/Independent||Examiner's|fee||8,295|8,295|3,525|
|Depreciation|and disposal||||25,725|25,725|14,935|
|Consultancy|||||4,151|4,151|21,866|
|Legal and Professional|||||11,351|11,351|1,060|
|Insurance|||||9,152|9,152|9,979|
|Support Cost|(note 8)||||27,890|27,890|26,780|
|Covid-19 costs|||||. 406|406|4,991|
|Marketing|||||8,703|8,703||
|Website Costs|||||140|140||
||||||95,813|95,813|83,136|
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|upport Costs||||||||
|---|---|---|---|---|---|---|---|
||||Basis of|Raising|Charitable|||
||||Allocation|Funds|Activities|Other|Total|
|||1 ~||E||F'|F|
|Management|and|||||||
|administration|||Staff time|7,121|62,827|27,475|97,423|
|General costs|||Staff-time|1,524|1,247||2,771|
|IT support costs|||Staff time|104|519|415|1,038|
|Bank charges|||Staff time|259|211||470|
|||||9,008|64,804|27,890|101,702|
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|Net Inc|ome for the Y|ear|||
|---|---|---|---|---|
||||2022|2021|
||||F|F|
|This is stated after charging:|||||
|Garden|contract||86,445|142,391|
|Auditors'|remuneration|- audit fees|7,800||
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|13.|'|Tangible Fixed|Asse|ts|||
|---|---|---|---|---|---|---|
||||||Plant &||
||||||Equipment||
|||Cost|||||
|||At 1 April 2021|||146,356||
|||Additions|||'89,997||
|||Disposals|||15,842||
|||At 31 March 2022|||220,511||
|||Depreciation|||||
|||At 1 April 2021|||35,775||
|||Charge for the|year||14,635||
|||Eliminated
on disposal|||(4,752)||
|||At 31 March 2022|||45,658||
|||Carrying
amount|||||
|||At 31 March 2022|||174,853||
|||At 31 March 2021|||110,581||
|14.|'|Debtors|||||
||||||2022|2021|
||||||E||
|||Trade debtors|||221,630|66,125|
|||Accrued
income|||649|94,726|
|||VAT debtor|||14,159||
||||||236,438|160,851|
|15.||Current Asset Investment|||||
||||||2022|2021|
||||||E|E|
|||Cash equivalents|on|deposit|1,219,823|697,101|
|16.||Creditors: amounts||falling due within one year|||
||||||2022|2021|
||||||F||
|||Trade creditors||||53,467|
|||Other creditors||||6,000|
|||Accruals||||42,797|
|||VAT creditor||||9,125|
||||||74,403|111,389|
Jubilee Gardens Trusl
la company limited ty guarantee)
25
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|||2022|2021|
|---|---|---|---|
||||E|
|Less than|1 year|255,646|174,356|
|Between 2 and 5 years||||
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|Funds|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Opening||||Closing|
|||||Balance|Income|Expenses|Transfer|Balance|
|||||E||||E|
|Unrestricted|||||||||
|General||||273,724|509,395|(498,401)|(58,977)|225,741|
|Designated||- Sinking|Fund|1,160,846|||58,977|1,219,823|
|Restricted|-.|Sinking|fund|75,000|75,451|||150,451|
|||||'1,509,570|584,846|(498,401)||1,596,015|
|||||Opening||||Closing|
|---|---|---|---|---|---|---|---|---|
|||||Balance|Income|Expenses|Transfer|Balance|
|||||E|f.|E|E||
|Unrestricted|||||||||
|General||||209,535|431,215|(367,026)||273,724|
|Designated —Sinking||Fund||1,160,846||||1,160,846|
|Restricted-Sinking|fund||' .|75,000||||75,000|
|||||1,445,381|431,215|(367,026)||1,509,570|
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||||||||||Fixed|Fixed|Fixed|Fixed||||Current|||Current|Current|Current||Net|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Assetf||||Cash
f|||Assets
f||Liabilities
f|||||Assetsf|
|||Unrestricted||||||||||||||||||||||
|||General fund|||||||174,853||||39,304|||85,987|||(74,403)||||225,741|
|||Designated —Sinking|||Fund|||||||||||1,219,823|||||||1,219,823|
|||Restricted —sinking||funds||||||||||||150,451|||||||150,451'|
||||||||||174,853||||39,304|||1,456,261|'||(74,403)||||1,596,015|
|nalysis||of Net Assets Between Funds|||||||for the|year ended||||31 March 2021||||||||||
|||||||||Fixed|||||||Current,|||Current|||||Net|
||||||||Asset||||||Cash||Assets|||Liabilities|||||Assets|
||||||||||f||||f|||f||||f|||f|
|Unrestricted||||||||||||||||||||||||
|General||fund|||||110,581|||||188,681|||85,851|||(111,389)|||||273,724|
|Designated —Sinking|||Fund|||||||||463,745|||697,101||||||||1,160,846|
|Restricted-siriking
funds|||||||||||||||75 000||||||||75 000|
||||||||110,581|||||652,426|||857,952|||(111,389)|||||1,509,570|
|1.|Related Party||Transactions|||||||||||||||||||||
||Five of the Trustees|||of|Jubilee|||Gardens||Trust|||are also||the|Directors
of South
Bank|||||||Employers'|
||Group who are||closely|involved|||with the management|||||||and administration||||ofJubilee|||Gardens Trust.|||
||During
the year Jubilee Gardens
Trust incurred
expenditure
totalling f157,305 (2021 - f86,950
with South Bank Employers
Group with f26,743.(2021, -'f27, 787) being due at the year end.|||||||||||||||||||||||
||Related
party||transactions|||were|||incurred|||with|the|following||organisations||||each||of which
are||
||represented
by||a member on the||||||Board of||Directors.|||||||||||||
|||||||||Income
Year to|||||Debtor
'at|||Income
Year to|||||Debtor
at|||
||||||||31 March||||||31 March|||31 March|||'|31||March||
||||||||||2022||||2022|||2021||||||2021||
||||||||||f|||||||||f||||||
|||South Bank Centre '|||||||86,318|||||||85,037||||||||
|||Shell UK Ltd|||||||46,000||.|||||46,000||||||||
|||Merlin Entertainments||||||||||||||||||||||
|||Braeburn
Estates|||||||91,221||||70,221|||90,129||||||21,000||
|||Coin Street||||||||||||||||25||||||
||||||||||223,539||||70,221|||221,191||||||21,000||
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|Reconciliation
of|C|onsolidated
Net|Income to Net Cash|Flow from Operating
|Activities|
|---|---|---|---|---|---|
|||||2022|2021|
|||||'F||
|Net income/deficit|for the reporting||period|86,445|64,189|
|Adjustments
for:||||||
|Depreciation
charges||||14,635|14,934|
|Loss on disposal of|fixed assets|||11,090||
|Dividends
and interest from investments|||and bank|(6,153)|(11,003)|
|(Increase)
/ decrease||in debtors||(75,587)|(26,866)|
|Increase/(Decrease)||in creditors||(36,986)|64,744|
|||||(6,556)|105,998|
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