The Poplar Partnership (A company limited by guarantee) Report and Financial Statements For the Year Ended 31 October 2017 Charity number 1145513 Company number 7800008
Table of Contents Legal and Administrative Information . Management Committee................................ Our Aims and objectives................................... The focus of ourwork........................................ Education Projects............................................. Financial Review....................................19 Governance and Management................21
Legal and Administrative Information 31 October 2015 Balance Sheet Notes forming part of the financial statements The Poplar Partnership Report of the Management Committee for the year ended 31 October 2017 The Management Committee presents its directors, report and audited financial statements for the year 31 October 2017 ended Reference and Administrative Information Charity Name: The Poplar Partnership Charity registration number". 1145513 Company registration number: 780CY)08 Registered Office and Operational address: Langdon Park School Bright street London Tower Hamlets E140RZ
Management Committee Mr Jeremy Iver Ms Joanna Franklin Ichairl Ms Dee Bleach Mrs Fanoula Smith Mr Nicholas Hague Paul Jackson Ms Tracy Argent Mr Martin Grant Owen O'Regan Delivery Team Mr Mark Causton- Business Manager Accountants -Butler & Co LLP Chartered Accountants Bankers- HSBC Canary Wharf Website: www.the lar artnershi .or Our Aims and objectives Purposes and Aims
Tower Hamlets has Ihe highest rate of child poverly in London. It is Ihe second most deprived borough in London and is the third mosl deprived borough nationally. Particular issues that Tower Hamlets faces include high levels of unemployment. disadvantage in income, health. housing and crime as well as recording one of the highest populalion densities in London. Poplar is one of the most deprived area5 Within Tower Hamlets. The Poplar Partnership is small charity sef up to try and tackle these problems at their root. by helping fund and support early in*ervention projects within our community. Our charity's purposes as set out in the objects confained in the company's memorandum of Association are lo: TO FUR THER SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC IN TOWER HAMLETS AS THE TRUSTEES SEE FIT FROM TIME TO TIME IN PARTICULAR BUT NOT LIMITED TO.. (A)ADVANCING EDUCA TION AND TRAINING.. {8JPROMOTING CIVIC RESPONSIBILITY AND GOOD CITIZENSHIP.. (CIADVANCING COMMUNITY PARTICIPA TION IN HEALTHY RECREA TION,. IDI PROMOTING RACIAL HARMONY.. (EJPROMOTING AND PRESER VING GOOD HEALTrI.' IFIPROVIDING OR ASSISTING IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREA TION OR OTHER LEISURE TIME OCCUPA TION OF INDIVIDUALS WHO HA VE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES wifH THE OBJECT OF IMPROVING THEIR CONDITIONS OF UFE,. (GIADVANCING IN LIFE AND RELIEVING THE NEEDS OF YOUNG PEOPLE THROUGH THE PROVISION OF SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS. CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PAR TICIPA TE IN SOCIETY AS MA TURE AND RESPONSIBLE INDIVIDUALS," AND BY {HJ PROMOTING THE SOCIAL INCLUSION OF CHILDREN AND YOUNG PEOPLE BY PREVENTING IHEM FROM BECOMING SOCIALL Y EXCLUDED FROM SOCIETY. OR PART OF SOCIETY, AS A RESUL T OF THEIR YOUTH AND/OR BEING A MEMBER OF A SOCIALLY AND ECONOMICALL Y DEPRIVED COhlMUNITY.
The focus of our work Our main objective5 for the year conlinued to be our core message on Early Intervention Early Intervention is an approach which offers our area a real opportunity to make lasting improvemenls in the lives of our children, to forestall many persistent social problems and end Iheir transmission from one generation to the nexl, and to make long-term savings in public spending. It covers a range of tried and tested policies for Ihe first three years of children's lives to give them the essenlial social and emotional security they need for the rest of Iheir lives. It also includes o range of well-established policies for when they are older which leave children ready to face the challenges of each stage of childhood and of passage into adulthood- especially the challenge of becoming good parents to their own children. Graham Allen Re ort In spite of its merits, which have achieved increasing recognition by national and local government and the voluntory sector, the provision of successful evidence-based Early Inlervention programmes remains persistently patchy and dogged by institutional and finoncial obstacles. In consequence, there remains an overwhelming bias in favour of existing policies of late intervention at a time when social problems are well-entrenched - even though these policies are known to be expensive and of limited success. Strong leadership by all political parties is required lo overcome this bias and achieve o cultural shift to Early Intervention. A move lo successful Early Intervenfion requires new thinking about the relationship between central government and local providers.11 also needs outhoritative evidence about which forms of Early Intervenlion are most successful, and about their impact.
Education Projects: SHINE@MARNER & SHINE@STEBON SHINE POPLAR HARCA Q8TE•ON We are now in the fourth year of deliver at Morner and our second ot Stebon bolh Poplar Harca and SHINE have agreed to sponsor the Saturday schools for another year, We ore still a seeking corporate sponsor for a third Poplar school to take part. Schools have taken part in cooking. computing. sports and droma activities as well os enjoying Irip5 to the Natural Hislory Museum and a London lour. Shine @ stebon has been really successful and we are looking forward to Ihe opportunities to learn available next yearl SHINE exists to help disadvantaged children and young people. They support programmes that concentrate on core educational subjects. Education provides choices. By funding besl practice educational support projects SHINE is working to ensure thal the participants can have choice and control in their lives.
The projecl al Morner Primary School is the firsl in Tower Hamlets and is the first nationally to be co-funded by SHINE, Marner and a local housing association Poplar Harca. who work with residents to help make Poplar a fantastic place to live and work. This can only happen when residents fulfil their potential. This is why their focus is lo promote local services Shine on Saturdays enables us lo re-inject the enrichment aspects of learning in*0 the educational experience of the young participants. something which is sorely lacking at presenl. We plan to engage with the children's fomilies all the way through Ihe project to bring aboul a greater appreciation of the importance of education and the value of gaining a broader range of experience. Trips beyond the classroom to complement each term's theme will enable children who rarely travel outside their local area, let alone Ihe Borough, lo broaden their horizons and aspirations and help Ihem gain confidence. We hope thal, alongside other benefils, the project will have a positive impact upon attendance levels throughout the school and that some of the informotion we imparl to the children, particularly around healthy eating ond lifestyle. will become disseminated across the community, helping to bring about general shifts in attitvdes and behaviour.
Education Projects: Bow Arts and the Poplar Partnership: A Celebration of Year 4 EAl The consorlium brings together Bow Arts and the Poplar Partnership to create inspirational arts and ciealive leaming opportunities for children and young people. "&illiant session - Really helped push the boundaries of imoginalion and creativity" Teacher, Morner Primary l. Objectlves: Our objecllves are to: Provide high qualily cullural and creative learning opportunities for children and young people in the Poplar Partnership schools Develop sustained partnerships with and between schools, based on trust Respond fo the shared needs of the schools within Ihe consortium - Support school improvement and the delivery of a crealive curriculum Offer accredited opportunities through Arts Award Embed the arts into curriculum delivery, and therefore children's school experiences
Year 2- 2017/18: 10 "I have leamf that I can teach others. If you are the boss, or a leader or owner. then you need to be able to treat others fairly" Yo pupil. ofler leading a session with YI pupi15. Wellingfon Primary 2. The Year 4 programme: Year 3 of the programme, from April 2017 to March 2018. resulted in: 1,965 individual children and young people taking part in artist-led projects 11 individuol school projects. delivered againsl school improvement priorities, and made up of over 157 artist days professional development sessions for sloff, with over 103 teachers participating l O new permanent artworks produced for schools 46 children and young people enlered for Arts Award qualifications £18,225 of motch funding provided by Bow Arts. Fidelity UK and THAMES (Tower Hamlets).
Bow Arts and the Poplar Partnershlp: A Celebration ol Year 4 3. Learning from Year 4: al Staff value the opportunity to colloborate and exchange, both with artists and their peers, and reporl feeling inspired and re-invigorated bl Teachers have become more confident and creative. and as a result they describe their pupils being more engaged. active and independent learners cl The CPD programme hos had mosl impacf where schools have taken a co-ordinoted approach - i.e. one teacher attends per phase. mapped across the year, and disseminated back in school dl Schools have been able lo benchmark the quality of their arts offer against thol of Iheir peers el The consortium has raised the profile of ort in school, including its value in and across the curriculum fl Further opportunities should be sought to celebrate the ochievemenls of pupils- for example, showcose assemblies from children participaling in the after school programme5 "The banner looks so good- even looking at the screenshots made me smilel Art Cordinator. Bygrove
"We are delighted by the outcomes of our project" Head teocher. Wellinglon "Wonderfully relaxed. thought provoking resources. Jane [the artist] a great welcoming presence. good to be outside. in o lovely nalurol environment. and biscuits a nice louch" Art and the Outdoor Environment CPD
13 Bow Arts and the Poplar Partnership: A Celebralion of Year 4 "That was exhilaratingl" Art and the Ouldoor Environment CPD "I have learnt to always have fun wilh painling. I have also leornt not to pul paint on my facel" KS I pupil. St Saviour's
14 ,Jill,I Rob Smith. Head of Education & Learning rsmilh@bowarts.com | t: 07967 714238 | w: ww.bowarts.org
Education Projects: 15 Morgan Stanley Healthy London, Year 4 Our cities, dynamic centres of culture and arts and economic engines of innovalion ond growth. can also be a challenging environment, especially hard on children. Morgan Stanley has launched Health London, anchored in Poplar, a community close lo our London Headquarters. Our ro rom partners with, and brings together local charities to offer parents and corers better access to wellness, nutrition and play resources vitol for children to get a healthy starl in life. To help make this happen. Morgan Stanley collaborated wilh renowned scientist and health expert Dr. Paul Sacher. He and his team spent six monlhs in 2014 learning about Poplar, listening lo local parents and carers, who offered a unique window into the communify's concerns, challenges and aspirations when it came to their children's health. This research provided the insights that drove the planning and execution of Healthy London.
16 Community Collaboratlon "The Healthy London program in Poplar represents a partnership between a number of differenl 51akeholders. each bringing their expertise and knowledge to help build a program with the inlenlion of having a significant and long-lasting impacl on the community,, says Colm Kellehef, President of Institutional Securities at Morgan Stanley. "This has been a Iruly collaborative effort involving a variety of stakeholders and we are looking forward to building on the results of the research to deliver a successful and svstainable progrom." , 1,4>X+t¥+ *QXQX•XQ.. A number of crucial themes emerged from the research. One was how families struggled lo access key services, such as health care, due lo language barriers and hard-to-find information. Residents also wanled to better understand health issues, porticularly related lo nutrition. Many noted the overabundance of fast food and the growing evidence of childhood obesity in the community. Againsl this backdrop, children ot play became especially imporlant. Play fosters a sense of wellbeing and cohesion for families. And it's fvn and healthy for the children. However. many residents commented on Ihe limited opportunities and facilities for children in the community to play.
Hollslic Approach 17 Heallh London offers a holistic approach to enhancing children's health. The program will give thousands of children and their parents acce55 to health education and a Community Health Advisor. three different playgrounds with slructured evenls, as well as healthy meals. nutrition programs and awareness, healthy lifestyle educalion, and exercise programs. 'Research has shown that poor nutrition and inactivity in childhood is associated with significant health and psychosocial issues. Disadvantaged communities present some of the hardest challenges to living healthy lives." Dr. Sacher says. "Solutions are often provided from the lop down. imposing programs and iniliatives that may not fil with local needs. Fortunalely. by evaluating the issues and solulions that really matter to the community and by implementing our research recommendafions, the Morgan Stanley Healthy London Program is more likely to lead to POSltive and sustainable improvements in child health,, he says. "7È
18 Healthy London joins three other cilies-chica o, Newark. and Oakland-as part of Morgan Stanley Healthy Cifies.11 is our first international foray, os we look to add global reach lo a program steeped in local realities and nece55ilies. As urbanisation gathers momentum in both developed ond emerging markets. megacilies are becoming the norm. Their growth has crealed vast opportunilies for families-ond tremendous challenges. Millions of families are slruggling to provide their sons and daughters with the basic building blocks of a heallhy childhood. Healthy Cilies is one way that we con help, as part of Morgan Slanley's long-slanding commitment to help improve the lives of children all over the world. As parf of Heollhy London, Morgan Stanley hos also s onsored a arden at Ihe Chelsea Flower Show called the Morgan Stanley Healthy Cities Garden. Designed by Chris Beardshaw. the garden will be transferred to a preselected plot in Poplar after the show, where it will become a centrepiece among the many projects in the community.
19 Education Projects: Now>Press>Play The projecl funded by The Poplor Partnership helped schools across Poplar pilol the use of wireless headphones to provide the children wilh an educational experience Ihey will never forget. The Poplar Partnership schools have the chance to work with Now>Press>Play lo fully immerse our children into their topic. In a now>press>play experience. the children pul on wireless headphones and are plunged into the world of their topic. Immersed in sound. they become a character in a slory. meeling people, discovering places and solving problems. on an educotional advenlure they'll never forget. The experiences are delivered by a now>press>play facilitator as porl of an hour long experience. Up to 30 children can toke part in one experience. They can deliver any combination of up to four experiences in one school day, so whelher bouncing across the surface of Mars, Plunging into the Woter Cycle or running for shelter in the Blilz or lrying your luck on the streets of Victorian Britoinl The Key Stage 2 children really enjoy this new learning experience. now>press>play: Improves children's underslanding of the curriculum Develops children's emotional and social responses to their topic Improves access to learning for children with SEN, EAL ond EBD Improves engagement amongsl boys Is tailored to fit your class sizes. needs and timetable now>press>ploy
Financial Review 20 Against the backdrop of limited resources and insecurities over funding, it has been difficult to plan or develop services. Nevertheless the charily, with the aid of sound financial management and the support of both Ihe local aulhorily and schools in the area, generated a posltive financial oulcome. Principal Fundlng Sources The principal funding sources for the charity are currently by way of grant and contract income from Tower Hamlels, Corporate Sponsors and funding applications to charilies. The charity has lo seek funding from a much broader group of agencies and more joint working with both local and national bodies.. we are in talks with Poplar Harca, SHINE Trust and Barnardos These joint working models are proving particularly useful in identifying possible opportunities for o much wider range of funding for the future. Investment Pollcy Aside from retaining a prudenl amount in reserves most of the chority's funds are to be spent in the short term so there are few funds for long term investment. A review of inveslment policies is therefore planned early in the new financial year.
Reserves Policy 21 The Managemenl Committee hos examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unreslricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. The reserves are needed to meet the working capital requirements of the charily ond the Management Committee are confidenl that at this level Ihey would be able lo continue the currenl aclivities of Ihe charity in the event of a significanl drop in funding The present level of reserves available lo the charity falls significantly Short of this target level. Althovgh the strategy is lo continue to build reserves through planned operating surpluses, the Management Committee is well aware that il unlikely that the target range can be reached for ot least five years. In the short term the Management Commitlee has olso considered the extent lo which existing activities and expenditure could be curlailed. should such circumstances arise. Plans for Future Perlods The chority plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding affangemenls. Plans are also being developed to work on a number of schemes with a local housing association and a notional charily lo develop the first Salurdoy school in Poplar. We are also hoping that a corporate sponsor will fund the position of health advisor for a further three years. This will help us encourage GP'S and Health bodies to use our schools to deliver their health message to children, parents and slaff.
22 Governance and Managemenl. Governing Document The organisation is a charitable company limited by guarantee. incorporated on 6 October 2011 and registered 05 a charity on 18 January 2012. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In Ihe evenl of the company being wound up members ore required to contribute an amounl not exceeding £10. Recruitment and Appointment of Management Committee the directors of the company are also charity trustees for Ihe purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Monagemenl Committee are elected lo serve for a period of three years ofter which they must be re-elected at the Annual General Meeting. All member of Ihe Manogement Commiltee give their time voluntarily and received no benefits from the charity.
23 Trustee Induction and Training M05t trustees are already familiar with the proctical work of Ihe charity having worked alongside the charity in supporting people in Tower Hamlets Additionally, new trustees are invited and encouraged to attend a short training session.lof no more than an hourl to familiarise themselves with the charity and the context within which it operates. These are led by our Business Manager Mark Causton and cover: The obligotions of Management Commillee members. The main documents which set ouf the operational framework for the charity including The Memorandum and Articles. Resourcing and the current financial position as sel out in the lotest published accounts. Future plans and objeclives. Question & Answer sessions loke place ot these meetings and informalion about the charities actives found ol The Poplar Partnership website. www.the lar artner5hi .or All new trustees are direcled lo Commission publications signposted through the Commission's guide 'lhe Essential Truslee" os o follow up to these sessions. Feedback from new trustees about their induclion has been very positive. Risk Management Systems or procedures have been established lo miligate the risks the charity faces. Significanl exteinal risks to funding have led lo the development of a 51rolegic plan which will allow for the diversification of funding and activities.
24 Internal control risks are rninimised by the implementalion of proceduies for aulhorisation of all transactions ond projects. Procedures are in ploce to ensure compliance wilh health and safely of stoff. volunteers and children to ensure a consistent quality of delivery for all operationol aspects of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charily. Financlal rlsk management The Business Manager is responsible for the day to doy management of the charity and has one to one meetings with the chair once a week. At these meetings evidence of Bank Statements Funding Applicotions Cheques for signing Cash flow Forecast Income & Expenditure Project Management Must be produced, all cheque need to be signed by signalories who are members of the management committee. Organisallonal Structure The Poplar Partnership has a Manogemenl Committee of 9 members. who meet quarlerly and are responsible for the stralegic direction and policy of the charity. At present the Committee has nine members all of whom are Head Teachers in Tower Hamlets and whose professional backgrounds and commifment to the work of the charity is backed by the support of the governing bodies in each school. The day to day responsibility for the provision of the services rests with the Business Manager. along wilh the Projecl Manager and Health Advisor
25 Members of the Management Committee Members of Ihe Management Committee, who are directors for the purpose of compony low and trustees for Ihe purpose of charity law. who served during the year and up lo the dale of this report are sel out on page 4. In accordance with compony low, as the company's directors, we certity that: so far as we are aware. there is no relevant accounls information of which Ihe company's accovntants are vnoware: and os the directors of the company we have taken all the steps that we ought lo have laken in order lo make ourselves aware of any relevant accounts information ond to establish that the charity's accountants are aware of Ihat informalion. Butler & Co LLP Chartered Accountants were oppointed as the charitable company's accountants during the year and have expressed their willingness to continue in that capacity. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporling by Charities lissued in March 2C()51 and in accordance wilh the special provisions of Port Vll of the Companies Act 1985 relating to small entities. Approved by the Management Committee on 241512017 and signed on its behalf by: The Poplar Partnership Joanna Franklin Ichairl
REGISTERED COMPANY NUMBER: 07800008 (England and Wales) REGISTERED CHARITY NUMBER: 1145513
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
THE POPLAR PARTNERSHIP LIMITED
Butler & Co LLP Chartered Accountants Third Floor 126-134 Baker Street London W1U 6UE
THE POPLAR PARTNERSHIP LIMITED
Contents of the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
THE POPLAR PARTNERSHIP LIMITED
Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2021
The Poplar Partnership is small charity set up in Tower Hamlets. Tower Hamlets has the highest rate of child poverty in London. It is the second most deprived borough in London and is the third most deprived borough nationally.
Particular issues that Tower Hamlets faces include high levels of unemployment, disadvantage in income, health, housing and crime as well as recording one of the highest population densities in London.
Poplar is one of the most deprived areas within Tower Hamlets.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Poplar Partnership is small charity set up to try and tackle the problems, in Tower Hamlet, at their root, by helping fund and support early intervention projects within our community.
Significant activities
The key priorities for the year are set out below:
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Partner with as many schools and organisations and implement the early intervention projects more effectively in the community.
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Continue to increase our understanding of children with Language and Communication difficulties and children and help the project to focus on the treatment of disorders of speech, language, communication and cover mild, moderate or severe learning difficulties, physical disabilities, language delay, specific language impairment , specific difficulties in producing sounds, hearing impairment, cleft palate, stammering, autism/social interaction difficulties, dyslexia, voice disorders and selective mutism.
Public benefit
The governors have complied with their duty to have due regard to the guidance on public benefit issued by the Charity Commission in exercising their powers and duties.
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.
Recruitment and appointment of new trustees
Newly appointed Head Teachers in local schools are requested to joint the charity on a voluntary basis. If the new Head Teacher requests to join the board as a trustee, the existing board vote on the appointment.
At each AGM trustees step down and are reappointed. No external body or person can appoint a trustee.
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THE POPLAR PARTNERSHIP LIMITED
Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07800008 (England and Wales)
Registered Charity number
1145513
Registered office
Bygrove Primary School Bygrove Street London E14 6DN
Management committee and directors
Ms J K Franklin Chair Mr J Iver Ms T Argent Mr N Hague (Resigned on 31.01.2021) Mr P C Jackson Ms D Bleach Mrs F Smith Mr M W Grant Mr O D O'Regan Mr P A Devereux
Independent examiner
M Desai Butler & Co LLP Chartered Accountants Third Floor 126 - 134 Baker Street London W1U 6UE
Approved by order of the board of trustees on ............................................. 24/11/2021 and signed on its behalf by: ........................................................................ Ms J K Franklin - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Poplar Partnership Limited
Independent examiner's report to the trustees of The Poplar Partnership Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
M. Desai FCA ICAEW Butler & Co LLP Chartered Accountants Third Floor 126-134 Baker Street London W1U 6UE
Date: .............................................
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THE POPLAR PARTNERSHIP LIMITED
Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 30,616 EXPENDITURE ON Raising funds 2 (907) Charitable activities Funding early intervention projects 18,783 Total 17,876 NET INCOME/(EXPENDITURE) 12,740 Transfers between funds 10 (9,466) Net movement in funds 3,274 RECONCILIATION OF FUNDS Total funds brought forward 16,237 TOTAL FUNDS CARRIED FORWARD 19,511 |
Year ended 31/8/21 Restricted Total fund funds £ £ 261,812 292,428 - (907) 271,278 290,061 271,278 289,154 (9,466) 3,274 9,466 - - 3,274 - 16,237 - 19,511 |
Period 1/11/19 to 31/8/20 Total funds £ 44,266 - 222,446 222,446 (178,180) - (178,180) 194,417 16,237 |
|---|---|---|
The notes form part of these financial statements
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THE POPLAR PARTNERSHIP LIMITED
Balance Sheet 31 AUGUST 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 32 CURRENT ASSETS Debtors 8 - Cash at bank 118,379 118,379 CREDITORS Amounts falling due within one year 9 (98,900) NET CURRENT ASSETS 19,479 TOTAL ASSETS LESS CURRENT LIABILITIES 19,511 NET ASSETS 19,511 FUNDS 10 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2021 Total funds £ 32 - 118,379 118,379 (98,900) 19,479 19,511 19,511 19,511 19,511 |
2020 Total funds £ 42 500 21,197 21,697 (5,502) 16,195 16,237 16,237 16,237 16,237 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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THE POPLAR PARTNERSHIP LIMITED
Balance Sheet - continued
31 AUGUST 2021
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 authorised for issue by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 24/11/2021
............................................. J K Franklin - Trustee
The notes form part of these financial statements
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THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
General information and basis of preparing the financial statements
The Poplar Partnership Limited is a private limited company limited by guarantee incorporated in England and Wales. The address of the registered office is given in the trustees report in page 2.
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
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.
Going concern
The trustees believe that the company is well placed to manage its business and operational risks. The trustees have a reasonable expectation that the company has adequate resources and will continue in operational existence for the foreseeable future. The trustees consider it appropriate to adopt the going concern basis in preparing the annual financial statements.
There are uncertainties relating to COVID19 pandemic. No provisions have been made in the financial statements in respect of these uncertainties.
continued...
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THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| Period | ||
| 1/11/19 | ||
| Year ended | to | |
| 31/8/21 | 31/8/20 | |
| £ | £ | |
| Support costs | (907) | - |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 1/11/19 | ||
| Year ended | to | |
| 31/8/21 | 31/8/20 | |
| £ | £ | |
| Depreciation - owned assets | 10 | 11 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the period ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the period ended 31 August 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | |
|---|---|
| 1/11/19 | |
| Year ended | to |
| 31/8/21 | 31/8/20 |
The company did not directly employ staff.
continued...
Page 8
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 44,266 EXPENDITURE ON Charitable activities Funding early intervention projects 32,012 NET INCOME/(EXPENDITURE) 12,254 Transfers between funds (57,704) Net movement in funds (45,450) RECONCILIATION OF FUNDS Total funds brought forward 61,687 TOTAL FUNDS CARRIED FORWARD 16,237 7. TANGIBLE FIXED ASSETS COST At 1 September 2020 and 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
Restricted Total fund funds £ £ - 44,266 190,434 222,446 (190,434) (178,180) 57,704 - (132,730) (178,180) 132,730 194,417 - 16,237 Computer equipment £ 400 358 10 368 32 42 |
|---|---|
continued...
Page 9
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income Accrued expenses |
2021 £ - 2021 £ 95,000 3,900 98,900 |
2020 £ 500 |
|
|---|---|---|---|
| 2020 £ - 5,502 |
|||
| 5,502 |
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
At the balance sheet date, deferred income included £95,000 (2020: £Nil) bursaries for 4 students for the year 2021-22.
10. MOVEMENT IN FUNDS
| At 1/9/20 £ Unrestricted funds General fund 16,237 Restricted funds Bursary Fund - TOTAL FUNDS 16,237 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Bursary Fund TOTAL FUNDS |
Net movement in funds £ 12,740 (9,466) 3,274 Incoming resources £ 30,616 261,812 292,428 |
Transfers between At funds 31/8/21 £ £ (9,466) 19,511 9,466 - - 19,511 Resources Movement expended in funds £ £ (17,876) 12,740 (271,278) (9,466) (289,154) 3,274 |
Transfers between At funds 31/8/21 £ £ (9,466) 19,511 9,466 - - 19,511 Resources Movement expended in funds £ £ (17,876) 12,740 (271,278) (9,466) (289,154) 3,274 |
|---|---|---|---|
| 3,274 |
continued...
Page 10
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net At movement 1/11/19 in funds £ £ Unrestricted funds General fund 61,687 12,254 Restricted funds Bursary Fund 132,730 (190,434) TOTAL FUNDS 194,417 (178,180) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 44,266 Restricted funds Bursary Fund - TOTAL FUNDS 44,266 |
Transfers between At funds 31/8/20 £ £ (57,704) 16,237 57,704 - - 16,237 Resources Movement expended in funds £ £ (32,012) 12,254 (190,434) (190,434) (222,446) (178,180) |
|---|---|
Transfers between funds
During the year transfer of £9,466 (2020: £57,704) from unrestricted funds to the bursary fund to finance a deficit.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 11
THE POPLAR PARTNERSHIP LIMITED
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2021
| Period | ||
|---|---|---|
| 1/11/19 | ||
| Year ended | to | |
| 31/8/21 | 31/8/20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and grants | 292,428 | 44,266 |
| Total incoming resources | 292,428 | 44,266 |
| EXPENDITURE | ||
| Charitable activities | ||
| Subscriptions | 480 | 480 |
| Independent examiner's fees | 2,298 | 5,950 |
| Professional fee | 2,600 | - |
| Grants to institutions | 284,683 | 215,934 |
| 290,061 | 222,364 | |
| Support costs | ||
| Finance | ||
| Bank charges | (918) | 71 |
| Other | ||
| Depreciation of tangible fixed assets | 11 | 11 |
| Total resources expended | 289,154 | 222,446 |
| Net income/(expenditure) | 3,274 | (178,180) |
This page does not form part of the statutory financial statements
Page 12
REGISTERED COMPANY NUMBER: 07800008 (England and Wales) REGISTERED CHARITY NUMBER: 1145513
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
THE POPLAR PARTNERSHIP LIMITED
Butler & Co LLP Chartered Accountants Third Floor 126-134 Baker Street London W1U 6UE
THE POPLAR PARTNERSHIP LIMITED
Contents of the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
THE POPLAR PARTNERSHIP LIMITED (REGISTERED NUMBER: 07800008)
Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2021
The Poplar Partnership is small charity set up in Tower Hamlets. Tower Hamlets has the highest rate of child poverty in London. It is the second most deprived borough in London and is the third most deprived borough nationally.
Particular issues that Tower Hamlets faces include high levels of unemployment, disadvantage in income, health, housing and crime as well as recording one of the highest population densities in London.
Poplar is one of the most deprived areas within Tower Hamlets.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Poplar Partnership is small charity set up to try and tackle the problems, in Tower Hamlet, at their root, by helping fund and support early intervention projects within our community.
Significant activities
The key priorities for the year are set out below:
-
Partner with as many schools and organisations and implement the early intervention projects more effectively in the community.
-
Continue to increase our understanding of children with Language and Communication difficulties and children and help the project to focus on the treatment of disorders of speech, language, communication and cover mild, moderate or severe learning difficulties, physical disabilities, language delay, specific language impairment , specific difficulties in producing sounds, hearing impairment, cleft palate, stammering, autism/social interaction difficulties, dyslexia, voice disorders and selective mutism.
Public benefit
The governors have complied with their duty to have due regard to the guidance on public benefit issued by the Charity Commission in exercising their powers and duties.
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.
Recruitment and appointment of new trustees
Newly appointed Head Teachers in local schools are requested to joint the charity on a voluntary basis. If the new Head Teacher requests to join the board as a trustee, the existing board vote on the appointment.
At each AGM trustees step down and are reappointed. No external body or person can appoint a trustee.
Page 1
THE POPLAR PARTNERSHIP LIMITED (REGISTERED NUMBER: 07800008)
Report of the Trustees
FOR THE YEAR ENDED 31 AUGUST 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07800008 (England and Wales)
Registered Charity number
1145513
Registered office
Bygrove Primary School Bygrove Street London E14 6DN
Management committee and directors
Ms J K Franklin Chair Mr J Iver Ms T Argent Mr N Hague (Resigned on 31.01.2021) Mr P C Jackson Ms D Bleach Mrs F Smith Mr M W Grant Mr O D O'Regan Mr P A Devereux
Independent examiner
M Desai Butler & Co LLP Chartered Accountants Third Floor 126 - 134 Baker Street London W1U 6UE
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 24/11/2021
........................................................................ Ms J K Franklin - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Poplar Partnership Limited
Independent examiner's report to the trustees of The Poplar Partnership Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
M. Desai FCA ICAEW Butler & Co LLP Chartered Accountants Third Floor 126-134 Baker Street London W1U 6UE
Date: .............................................
Page 3
THE POPLAR PARTNERSHIP LIMITED
Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 30,616 EXPENDITURE ON Raising funds 2 (907) Charitable activities Funding early intervention projects 18,783 Total 17,876 NET INCOME/(EXPENDITURE) 12,740 Transfers between funds 10 (9,466) Net movement in funds 3,274 RECONCILIATION OF FUNDS Total funds brought forward 16,237 TOTAL FUNDS CARRIED FORWARD 19,511 |
Year ended 31/8/21 Restricted Total fund funds £ £ 261,812 292,428 - (907) 271,278 290,061 271,278 289,154 (9,466) 3,274 9,466 - - 3,274 - 16,237 - 19,511 |
Period 1/11/19 to 31/8/20 Total funds £ 44,266 - 222,446 222,446 (178,180) - (178,180) 194,417 16,237 |
|---|---|---|
The notes form part of these financial statements
Page 4
THE POPLAR PARTNERSHIP LIMITED (REGISTERED NUMBER: 07800008)
Balance Sheet 31 AUGUST 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 32 CURRENT ASSETS Debtors 8 - Cash at bank 118,379 118,379 CREDITORS Amounts falling due within one year 9 (98,900) NET CURRENT ASSETS 19,479 TOTAL ASSETS LESS CURRENT LIABILITIES 19,511 NET ASSETS 19,511 FUNDS 10 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2021 Total funds £ 32 - 118,379 118,379 (98,900) 19,479 19,511 19,511 19,511 19,511 |
2020 Total funds £ 42 500 21,197 21,697 (5,502) 16,195 16,237 16,237 16,237 16,237 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 authorised for issue by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 24/11/2021
............................................. J K Franklin - Trustee
The notes form part of these financial statements
Page 5
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
General information and basis of preparing the financial statements
The Poplar Partnership Limited is a private limited company limited by guarantee incorporated in England and Wales. The address of the registered office is given in the trustees report in page 2.
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
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.
Going concern
The trustees believe that the company is well placed to manage its business and operational risks. The trustees have a reasonable expectation that the company has adequate resources and will continue in operational existence for the foreseeable future. The trustees consider it appropriate to adopt the going concern basis in preparing the annual financial statements.
There are uncertainties relating to COVID19 pandemic. No provisions have been made in the financial statements in respect of these uncertainties.
continued...
Page 6
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| Period | ||
| 1/11/19 | ||
| Year ended | to | |
| 31/8/21 | 31/8/20 | |
| £ | £ | |
| Support costs | (907) | - |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| Period | ||
| 1/11/19 | ||
| Year ended | to | |
| 31/8/21 | 31/8/20 | |
| £ | £ | |
| Depreciation - owned assets | 10 | 11 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the period ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the period ended 31 August 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | |
|---|---|
| 1/11/19 | |
| Year ended | to |
| 31/8/21 | 31/8/20 |
The company did not directly employ staff.
continued...
Page 7
THE POPLAR PARTNERSHIP LIMITED
| Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2021 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 44,266 EXPENDITURE ON Charitable activities Funding early intervention projects 32,012 NET INCOME/(EXPENDITURE) 12,254 Transfers between funds (57,704) Net movement in funds (45,450) RECONCILIATION OF FUNDS Total funds brought forward 61,687 TOTAL FUNDS CARRIED FORWARD 16,237 7. TANGIBLE FIXED ASSETS COST At 1 September 2020 and 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
Restricted Total fund funds £ £ - 44,266 190,434 222,446 (190,434) (178,180) 57,704 - (132,730) (178,180) 132,730 194,417 - 16,237 Computer equipment £ 400 358 10 368 32 42 |
|---|---|
continued...
Page 8
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income Accrued expenses |
2021 £ - 2021 £ 95,000 3,900 98,900 |
2020 £ 500 |
|
|---|---|---|---|
| 2020 £ - 5,502 |
|||
| 5,502 |
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
At the balance sheet date, deferred income included £95,000 (2020: £Nil) bursaries for 4 students for the year 2021-22.
10. MOVEMENT IN FUNDS
| At 1/9/20 £ Unrestricted funds General fund 16,237 Restricted funds Bursary Fund - TOTAL FUNDS 16,237 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Bursary Fund TOTAL FUNDS |
Net movement in funds £ 12,740 (9,466) 3,274 Incoming resources £ 30,616 261,812 292,428 |
Transfers between At funds 31/8/21 £ £ (9,466) 19,511 9,466 - - 19,511 Resources Movement expended in funds £ £ (17,876) 12,740 (271,278) (9,466) (289,154) 3,274 |
|---|---|---|
continued...
Page 9
THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net At movement 1/11/19 in funds £ £ Unrestricted funds General fund 61,687 12,254 Restricted funds Bursary Fund 132,730 (190,434) TOTAL FUNDS 194,417 (178,180) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 44,266 Restricted funds Bursary Fund - TOTAL FUNDS 44,266 |
Transfers between At funds 31/8/20 £ £ (57,704) 16,237 57,704 - - 16,237 Resources Movement expended in funds £ £ (32,012) 12,254 (190,434) (190,434) (222,446) (178,180) |
|---|---|
Transfers between funds
During the year transfer of £9,466 (2020: £57,704) from unrestricted funds to the bursary fund to finance a deficit.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 10