| Trustees | Lynda Bullock |
|---|---|
| Paul Cavallari | |
| Susan Ettridge | |
| Peter Granger | |
| Lisa Howlett | |
| Patricia Lee | |
| Chinyanta Nkonkomalimba | |
| Ethaar El-Emir | |
| John Garratt | |
| Stephanie Lennox | |
| Massimo Trebar | |
| Centre Development Workers | Pavlina Kingsleigh |
| Virginie Jones (until 30 June 2022) | |
| Charity number | 1141618 |
| Company number | 07386863 |
| Principal address | 15 Harwoods Road |
| Watford | |
| Hertfordshire | |
| WD18 7RB | |
| Registered office | 15 Harwoods Road |
| Watford | |
| Hertfordshire | |
| WD18 7RB | |
| Independent examiner | Gary Howard FCA |
| Howard Wilson Chartered Accountants | |
| 36 Crown Rise | |
| Watford | |
| Hertfordshire | |
| WD25 ONE | |
| Bankers | Metro Bank PLC |
| One Southampton Row | |
| London | |
| WC1B5HA |
| Current financial year | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | |||||
| Income from: | |||||
| Donations and legacies | 3 | 43,096 | 43,096 | 45,404 | |
| Operation of Community Centre in West Watford | 4 | 7,756 | 6,908 | 14,664 | 11,984 |
| Fundraising events and activities | 5 | 1,777 | 1,777 | 305 | |
| Investments | 6 | 194 | 194 | 409 | |
| Total income | 52,823 | 6,908 | 59,731 | 58,102 | |
| ExDenditure on: | |||||
| Operation of Community Centre in West Watford | 7 | 40,505 | 7,450 | 47,955 | 43,256 |
| Net income/(expenditure) for the year/ | |||||
| Net movement in funds | 12,318 | (542) | 11,776 | 14,846 | |
| Fund balances at 1 April 2021 | 53,343 | 4,752 | 58,095 | 43,249 | |
| Fund balances at 31March 2022 | 65,661 | 4,210 | 69,871 | 58,095 |
| Prior financial year | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2021 | 2021 | 2021 | ||
| Notes | ||||
| Income from: | ||||
| Donations and legacies | 3 | 45,404 | 45,404 | |
| Operation of Community Centre in West Watford | 4 | 1,658 | 10,326 _ |
11,984 |
| Fundraising events and activities | 5 | 305 | - | 305 |
| Investments | 6 | 409 | 409 | |
| _ | ||||
| Total income | 47,776 | 10,326 | 58,102 | |
| Expenditure on: | ||||
| Operation of Community Centre in West Watford | 35,166 | 8,090 | 43,256 | |
| Net income/(expenditure) for the year/ | ||||
| Net movement in funds | 12,610 | 2,236 | 14,846 | |
| Fund balances at 1 April 2020 | 40,733 | 2,516 | 43,249 | |
| Fund balances at 31March 2021 | 53,343 | 4,752 | 58,095 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Tangible assets10 | 914 | |||||
| Current assets | ||||||
| Debtors11 | 689 | 659 | ||||
| Cash at bank and in hand | 72,067 | 60,487 | ||||
| 72,756 | 61,146 | |||||
| Creditors: amounts falling due within | ||||||
| one year12 | (3,799) | (3,051) | ||||
| Net current assets | 68,957 | 58,095 | ||||
| Total assets less current liabilities | 69,871 | 58,095 | ||||
| Income funds | ||||||
| Restricted funds | 13 | 4,210 | 4,752 | |||
| Unrestricted funds | ||||||
| Designated funds | 14 | 16,865 | 16,865 | |||
| General unrestricted funds | 48,796 | 36,478 | ||||
| 65,661 | 53,343 | |||||
| 69,871 | 58,095 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| Donations and gifts | 1,514 | 1,138 |
| Core grants | 41,582 | 44,266 |
| 43,096 | 45,404 | |
| Grants receivable for core activities | ||
| Watford Borough Council - core grant | 23,415 | 23,415 |
| Watford Borough Council - Covid small business grant | - | 10,000 |
| Watford Borough Council - Local Restrictions Support Grant (LRSG) | - | 6,851 |
| Watford Borough Council - Closed Businesses Lockdown Payment | - | 4,000 |
| Watford Borough Council - Omicron Hospitality & Leisure Grant | 2,667 | - |
| Watford Borough Council - Restart Grant | 8,000 | |
| Watford & Three Rivers Trust - Community Grant | 7,500 | - |
| 41,582 | 44,266 |
| 4 | Operation of Community Centre in West Watford | |
|---|---|---|
| 20222021 | ||
| Community Centre activities income7,7561,158 | ||
| Grants receivable6,90810,826 | ||
| 14,66411,984 | ||
| Analysis by fund | ||
| Unrestricted funds7,756 | ||
| Restricted funds6,908 | ||
| 14,664 | ||
| For the year ended 31March 2021 | ||
| Unrestricted funds1,658 | ||
| Restricted funds10,326 | ||
| 11,984 | ||
| Grants receivable | ||
| Watford Borough Council -Accommodation Hertfordshire Community Foundation Watford & Three Rivers Trust - Improvements Grant The National Lottery Community Fund TK Maxx Asda Foundation |
- 500 3,246 - 2,780 4,300 523 - - 2,085 - 4,300 |
|
| 10,826 6,908 |
||
| Fundraising events and activities | ||
| UnrestrictedUnrestricted | ||
| fundsfunds | ||
| 20222021 | ||
| Fundraising events | 1,777305 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Interest receivable | 194 | 409 | |
| Operation of Community Centre in West Watford | |||
| 2022 | 2021 | ||
| Staff costs | 27,728 | 26,813 | |
| Depreciation and impairment | 304 | - | |
| Tutors costs | 1,554 | - | |
| Activities costs | 475 | I 66 | |
| Premises costs | 7,461 | 7,169 | |
| Insurance costs | 801 | 1,293 | |
| Repairs and maintenance costs | 4,094 | 3,809 | |
| Office costs | 2,344 | 1,792 | |
| Publicity and ^romotion | 1,515 | 730 | |
| General expenses | 170 | 269 | |
| Legal and professional costs | 351 | 240 | |
| Volunteer costs | 48 | 55 | |
| Governance costs | 1,110 | 1,020 | |
| 47,955 | 43,256 | ||
| Governance costs comprise of independent examiners fees 1,110 (2021: 1,020).During the year,the | |||
| independent examiners were also paid 288 (2021: 270) in respect of payroll services. | |||
| 8 | Trustees | ||
| None of the trustees (or any persons connected with them) received any remuneration or expenses during | |||
| the year (2021: Nil). |
| 9 | Employees | ||
|---|---|---|---|
| Number of employees | |||
| The average monthly number of employees during the year was: | |||
| 2022 | 2021 | ||
| Number | Number | ||
| Activities | 2 | 2 | |
| Employment costs | 2022 | 2021 | |
| Wages and salaries | 27,285 | 26,553 | |
| Other pension costs | 443 | 260 | |
| 27,728 | 26,813 | ||
| There were no employees whose annual remuneration was 60,000 or more. | |||
| 10 | Tangible fixed assets | ||
| Computers | |||
| Cost | |||
| At 1 April 2021 | 2,520 | ||
| Additions | 1,218 | ||
| At 31 March 2022 | 3,738 | ||
| Depreciation and impairment | |||
| At 1 April 2021 | 2,520 | ||
| Depreciation charged in the year | 304 | ||
| At 31 March 2022 | 2,824 | ||
| Carrying amount | |||
| At 31 March 2022 | 914 | ||
| 11 | Debtors | ||
| 2022 | 2021 | ||
| Amounts falling due within one year: | |||
| Prepayments and accrued income | 689 | 659 |
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| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| Fund balances at 31 | ||||||
| March 2022 are | ||||||
| represented by: | ||||||
| Tangible assets | 914 | - | 914 | - | - | - |
| Current assets/ | ||||||
| (liabilities) | 64,747 | 4,210 | 68,957 | 53,343 | 4,752 | 58,095 |
| 65,661 | 4,210 | 69,871 | 53,343 | 4,752 | 58,095 |