2022-03-31-accounts

CONTENTS	PAGE
LEGAL AND ADMINISTRATIVE INFORMATION
REPORT OF THE TRUSTEES	3-12
REPORT OF THE INDEPENDENT EXAMINER	13
STATEMENT OF FINANCIAL ACTIVITIES	14
BALANCE SHEET	15-16
NOTES TO THE ACCOUNTS	17-22
DETAILED STATEMIENT OF FINANCIAL ACTIVITIES	23-24

			Restricted	Unrestricted	Total	Total
		Notes	Funds	Funds	2022	2021
			6	6		6
INCOINING RESOURCES
incoming resources	from generated	funds
Voluntary income		2	84,619		84,619	246,318
Donations and other	income	3	155,634	325,685	482,319	730,448
Investment income		4		46	46	86
Other income						414
TOTAL INCOMING RESOURCES			240,253	326,732	566,985	977,266
RESOURCES EXPENDED
Cost ofgenerating	funds
Charitable activities		5	201,148	375,625	576,774	549,939
Governance cost		6		6,710	6,710	1,750
Management costs		7	39,105	72 854	111,959	104,411
Finance cost		8		201	201	(8,481)
TOTAL RESOURCES EXPENDED			240,253	455,391	695,644	647,619
NET INCOINE i EXPENDITURE FOR YEAR		THE		(128„669)	(128,659)	329,647
RECONCILIATION	OF FUNDS
Total funds brought	forward		221,082	178,500	399,582	69,935
Movement in year				(128,659)	(128,659)	329,647
Previous years' funds adjustment			(200,901)	200,901
TOTAL FUNDS CARRIED FORWARD			20,181	250,742	270,923	399,582

		Total	Total
		2022	2021
	Notes	5	5
FIXEDASSETS
Intangible assets	11
Tangible assets	12	10,901	23,104
		10,901	23,104
CURRENT ASSETS
Trade debtors			24,000
Accrued income		4,678
Other debtors		1,300
Cash at bank and in hand		286,364	371,770
		292,342	395,770
CREDITORS: due within one year	13	(32,300)	(19,292)
NET CURRENT ASSETS (LIABILITIES)		260,043	376,478
TOTAL ASSETSLESSCURRENT LIABILITIES		270,944	399,582
FUNDS
Restricted funds		20,181	221,082
Unrestricted funds		250,742	178,500
		270,923	399,582

			Restricted	Unrestricted	Total	Total
			Funds	Funds	2022	2021
				F	6	6
Action for Bow						33,000
Anton Jurgens Foundation						7,015
City of London			45,000		45,000	39,110
Clarion Futures						5,000
COVID HM Treasury	grant					30,000
East End Community	Foundation		5,000		5,000	32,830
ICS						7,338
IFCO						2,500
Kidz Cafe			8,000		8,000
London Borough of	Lambeth		9,000		9,000
London Borough ofTower Hamlets			7,519		7,519
London Community	Response	Fund				10,000
Marriage Trust Veale						2,000
National Lottery 8 Cabinet Office			10,100		10,100	50,500
Neighbourly Limited						400
Southern Housing Group						3,500
The Fore						5,000
The London Community Foundation						3,125
Wakefield Trust						10,000
Worshipful Company	of Fishmongers					4,000
Worshipful Company	of Leathersellers					1,000
Total			84,619		84,619	246,318

3. VOLU	NTARY I	NCO	ME:	DONATIONS	AND OTHER I	NCOME
					Restricted	Unrestricted	Total	Total
					Funds 5	Fundsf	2022 F	2021 6
Donations	in kind				155,634		155,634	189,601
Other donations						326,685	326,685	540,847
Total					155,634	326,685	482,319	730,448
4. INVESTMENT INCOME
					Restricted	Unrestricted	Total	Total
					Funds	Funds	2022	2021
					F	6	6	5
Investment	income					46	46	86
Total						46	46	86
5. CHARITABLE ACTIVITIES
					Restricted	Unrestricted	Total	Total
					Funds	Funds	2022	2021
					6	6	6'	6
Advertisement and		promotion				2,054	2,054	1,388
Advice centre costs						376	376
Agency and other non-payroll				staffing	39,750	24,861	64,611
Client and	visitor welfare		/ entertainment			86	86
Equipment	storage					. (406}	(406}	16,134
Food and	distribution	cost				3,191	3,191	18,155
Project costs					20,263	17,404	37,667	87,178
Rent and	rates				56,516	25,135	81,651	78,228
Salaries and wages					84,619	302,682	387,301	348,857
Volunteer	Expenses					244	244
Total					201,148	375,625	576,774	549,940
6. GOVERNANCE		COST
					Restricted	Unrestricted	Total	Total
					Funds	Funds	2022	2021
					5	f	5	6
Accountancy and examiner fees						6,710	6,710	1,750
Total						6,710	6,710	1,750

7. MANAGEMENT	7. MANAGEMENT	COSTS	COSTS
				Restricted	Unrestricted	Total	Total
				Fundsf	Funds 8	2022 8	2021 8
Computer Costs					36	36	59
Depreciation					13,902	13,902	12,172
Health and Safety					3,053	3,053	503
Insurances					3,675	3,675	2,956
IT and Computer	Expenses				5,868	5,868	46,492
Legal and professional			fees		3,862	3,862	5,230
Light, Gas and Heating					2,596	2,596	2,044
Miscellaneous Expenses							1,240
Motor Vehicle Expenses				606	2,016	2,622	848
Office Expense					2,540	2,540	5,143
Printing, Postage	and Stationery			10	1,275	1,285	1,440
Recruitment costs					5,708	5,708	894
Repairs, Renewals		and	Cleaning		5,849	5,849	3,545
Platform costs					3,923	3,923
Staff Entertainment					806	806	1,152
Staff training					6,391	6,391	639
Staff Welfare					1,262	1,262	166
Subscriptions					2,384	2,384	807
Telephone Costs				38,489	5,795	44,284	9,602
Travel and subsistence					(584}	(584)	7,710
Website					2,496	2,496	1,770
Total				39,105	72,854	111,959	104,411
8.FINANCE COST
				Restricted	Unrestricted	Total	Total
				Funds	Funds	2022	2021
				E	f	8	E
Bank charges					96	96	85
Gains I losses on the disposal offixed assets							856
Exchange gain or loss					(1)	(1}
Write offs					106	106	(9,422)
Total					201	201	(8„481)

10.STAFF COSTS
						2022	2021
The average number		of employees	analysed	by
function:
No employee received		remuneration	of more	than 260,000 per	annum.
						2022	2021
						6	6
Wages and salaries						342,086	314,634
Employer's pension	contributions					14,377	7,646
Social security costs						30,838	26,576
Total						387,301	348,857
11.INTANGIBLE FIXEDASSETS
						Website	Total
Cost
As at 1st April 2021						53,630	53,630
As at 31st March 2022						53,630	53,630
Depreciation
As at 1st April 2021						53,630	53,630
Provided during the period
As at 31st March 2022						53,630	53,630
Net Book Value
As at 1stApril 2021
As at 31st March 2022
12. TANGIBLE FIXEDASSETS
					Van	Computer Equipment f	Total
Cost
As at 1st April 2021					35,082	53,018	88,100
Additions						1,699	1,699
Disposals						31,483	31,483
As at 31st March 2022					35,082	23,234	58,316
Depreciation
As at 1st April 2021					35,082	29,914	64,996
Provided during the period						(17,581)	(17,581)
As at 31st March 2022					35,082	12333	47,415
Net Book Value
As at 1st April 2021						23,104	23,104
As at 31st March 2022						10,901	10,901
		FIRST	LOVE	FOUNDATION	LIMITED
		NOTES TO THE ACCOUNTS

13.CRED	ITOR	S:	amoun	ts falling due within	one year
								2022		2021
								f		f
Accrued expenses										216
Deferred income								18,000		10,100
Net wages										921
Other creditors,		taxation,		and social security				14,301	~	7,226
Trade creditor								(1)		829
Total								32,300		19,292
14.FUNDS
						Incoming		Resources		liilovement
						Resources f		Expended f		in Funds f
Restricted	funds					240,253		240,253
Unrestricted	funds					326,732		455,391		(128,659)
						566,985		695,644		(128,659)
					Restricted	Unrestricted
					Fundsf	Funds f		Total 2022 f		Total 2021 f
Total funds	brought		forward		221,082	178,500	'	399,582		69,935
Movement	in year					(128,659)		(128,659)		329,647
Previous years' funds adjustment					(200,901)	200,901
Total funds					20,181	250,742		270,923		399,582

			Restricted	Unrestricted	Total	Total
			Funds	Funds	2022	2021	'
			6	f	F	6
INCOMING RESOURCES
Voluntary income
Grants and funding			84,619		84,619	246,318
Donations in kind			155,634		155,634	189,601
Other donations				326,685	326,685	540,847
Investment income				46	46	86
Other income						414
			240,253	326,732	566,985	977,266
RESOURCES EXPENDED
Charitable activities
Advertisement and promotion				2,054	2,054	1,388
Advice centre costs				376	376
Agency and other non	payroll	staffing	39,750	24,861	64,611
Client and visitor welfare Ientertainment				86	86
Equipment storage				(406)	(406)	16,134
Food and distribution	cost			3,191	3,191	18,155
Project costs			20,263	17,404	37,667	87,178
Rent and rates			56,516	25,135	81,651	78,228
Salaries and wages			84,619	302,682	387,301	348,857
Volunteer Expenses				244	244
Total			201,148	375,625	576,774	549,940
GOVERNANCE COST
Accountancy and examiner fees				6,710	6,710	1,750
				6,710	6,710	1,750

			Restricted	Unrestricted	Total	Total
			Funds	Funds	2022	2021
SUPPORT COSTS: MANAGEMENT
Computer Costs				36	36	59
Depreciation				13,902	13,902	12,172
Health and Safety				3,053	3,053	503
Insurances				3,675	3,675	2,956
IT and Computer	Expenses			5,868	5,868	46,492
Legal and professional		fees		3,862	3,862	5,230
Light, Gas and Heating				2,596	2,596	2,044
Miscellaneous Expenses						1,240
Motor Vehicle Expenses			606	2,016	2,622	848
Office Expense				2,540	2,540	5,143
Printing, Postage	and Stationery		10	1,275	1,285	1,440
Recruitment costs				5,708	5,708	894
Repairs, Renewals	and	Cleaning		5,849	5,849	3,545
Platform costs				3,923	3,923
Staff Entertainment				806	806	1,152
Staff training				6,391	6,391	639
Staff Welfare				1,262	1,262	166
Subscriptions				2,384	2,384	807
Telephone Costs			38,489	5,795	44,284	9,602
Travel and subsistence				(584)	(584)	7,710
Website				2,496	2,496	1,770
Total			39,105	72,854	111,959	104,411
FINANCE COST
Bank charges				96	96	85
Gains Ilosses on the disposal of fixed assets						856
Exchange gain or	loss			(1)	(1)
Write offs				106	106	(9,422)
Total resources expended			240,253	455,391	695,644	647,619
Surplus (deficit)				(128,659)	(128,659)	329,647