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 2022
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 2022
| 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 | 11 |
THE POPLAR PARTNERSHIP LIMITED (REGISTERED NUMBER: 07800008)
Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2022
The Poplar Partnership is a 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 a 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 (REGISTERED NUMBER: 07800008)
Report of the Trustees
FOR THE YEAR ENDED 31 AUGUST 2022
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 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: 24/01/2023
........................................................................ 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 2022.
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: .............................................24/01/2023
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THE POPLAR PARTNERSHIP LIMITED
Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 13,744 EXPENDITURE ON Raising funds 2 49 Charitable activities Funding early intervention projects 22,194 Total 22,243 NET INCOME/(EXPENDITURE) (8,499) Transfers between funds 10 (9,456) Net movement in funds (17,955) RECONCILIATION OF FUNDS Total funds brought forward 19,511 TOTAL FUNDS CARRIED FORWARD 1,556 |
Restricted fund £ 370,931 - 380,387 380,387 (9,456) 9,456 - - - |
2022 Total funds £ 384,675 49 402,581 402,630 (17,955) - (17,955) 19,511 1,556 |
2021 Total funds £ 292,428 (907) 290,061 289,154 3,274 - 3,274 16,237 19,511 |
|---|---|---|---|
The notes form part of these financial statements
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THE POPLAR PARTNERSHIP LIMITED (REGISTERED NUMBER: 07800008)
Balance Sheet 31 AUGUST 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 24 CURRENT ASSETS Debtors 8 148,959 Cash at bank 53,116 202,075 CREDITORS Amounts falling due within one year 9 (200,543) NET CURRENT ASSETS 1,532 TOTAL ASSETS LESS CURRENT LIABILITIES 1,556 NET ASSETS 1,556 FUNDS 10 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - 1,684 - 1,684 (1,684) - - - |
2022 Total funds £ 24 150,643 53,116 203,759 (202,227) 1,532 1,556 1,556 1,556 1,556 |
2021 Total funds £ 32 - 118,379 118,379 (98,900) 19,479 19,511 19,511 19,511 19,511 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.
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 .. 24/01/2023 ...................... and were signed on its behalf by:
............................................. 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 2022
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 2022
2. RAISING FUNDS
Raising donations and legacies
3.
| Raising donations and legacies | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Support costs | 49 | (907) |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2022 | 2021 | |
| £ | £ | |
| Depreciation - owned assets | 8 | 10 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| The company did not directly employ staff. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 30,616 EXPENDITURE ON Raising funds (907) Charitable activities Funding early intervention projects 18,783 Total 17,876 NET INCOME/(EXPENDITURE) 12,740 Transfers between funds (9,466) Net movement in funds 3,274 |
2022 Restricted fund £ 261,812 - 271,278 271,278 (9,466) 9,466 - |
2021 Total funds £ 292,428 (907) 290,061 289,154 3,274 - 3,274 |
|---|---|---|
continued...
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THE POPLAR PARTNERSHIP LIMITED
| Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2022 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 16,237 TOTAL FUNDS CARRIED FORWARD 19,511 7. TANGIBLE FIXED ASSETS COST At 1 September 2021 and 31 August 2022 DEPRECIATION At 1 September 2021 Charge for year At 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income Accrued expenses |
continued Restricted fund £ - - 2022 £ 150,643 2022 £ 1,684 196,643 3,900 202,227 |
Total funds £ 16,237 19,511 Computer equipment £ 400 368 8 376 24 32 2021 £ - 2021 £ - 95,000 3,900 98,900 |
Total funds £ 16,237 |
|---|---|---|---|
| 19,511 |
At the balance sheet date, deferred income included £196,643 (2021: £95,000) for the year 2021-22.
continued...
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THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. MOVEMENT IN FUNDS
| At 1/9/21 £ Unrestricted funds General fund 19,511 Restricted funds Bursary Fund - TOTAL FUNDS 19,511 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Bursary Fund TOTAL FUNDS Comparatives for 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 £ (8,499) (9,456) (17,955) Incoming resources £ 13,744 370,931 384,675 Net movement in funds £ 12,740 (9,466) 3,274 |
Transfers between At funds 31/8/22 £ £ (9,456) 1,556 9,456 - - 1,556 Resources Movement expended in funds £ £ (22,243) (8,499) (380,387) (9,456) (402,630) (17,955) Transfers between At funds 31/8/21 £ £ (9,466) 19,511 9,466 - - 19,511 |
|---|---|---|
continued...
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THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Bursary Fund TOTAL FUNDS |
Incoming resources £ 30,616 261,812 292,428 |
Resources Movement expended in funds £ £ (17,876) 12,740 (271,278) (9,466) (289,154) 3,274 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/9/20 | in funds | funds | 31/8/22 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 16,237 | 4,241 | (18,922) | 1,556 | |
| Restricted funds | |||||
| Bursary Fund | - | (18,922) | 18,922 | - | |
| TOTAL FUNDS | 16,237 | (14,681) | - | 1,556 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Bursary Fund TOTAL FUNDS |
Incoming resources £ 44,360 632,743 677,103 |
Resources Movement expended in funds £ £ (40,119) 4,241 (651,665) (18,922) (691,784) (14,681) |
|---|---|---|
Transfers between funds
During the year transfer of £9,456 (2021: £9,466) from unrestricted funds to the bursary fund to finance a deficit.
continued...
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THE POPLAR PARTNERSHIP LIMITED
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
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