| Page | |
|---|---|
| Reference and Administrative Details |
|
| Report ofthe Trustees | 2 to 7 |
| Independent Examiner's Report |
|
| Statement of Financial Activities | |
| Statement of Financial Position |
10 |
| Notes to the Financial Statements | 11 to 16 |
| Detailed Statement of Financial Activities | 17 |
| ACHIEVEMENT | ACHIEVEMENT | AND PERFORMANCE - |
AND PERFORMANCE - |
continued | continued | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Summary | ofmeasures/indicators | used | toassess | performance: | ||||||||||||
| Outputs | Definitions | Verification | ||||||||||||||
| Public Realm | Improved: | significant improvement |
in | the | Architect drawings demonstrating |
the | ||||||||||
| improvements | (m2) | quality | of | the built environment |
through | area improved (before and after) |
and | |||||||||
| improved use of |
space, urban | design | anc | invoices and contracts to |
demonstrate | |||||||||||
| improved quality |
of materials used. |
Could | work has been commissioned |
and | ||||||||||||
| be linked |
to | measurement | of | time | completed. The designs |
should | be | |||||||||
| savings, | reductions in road |
safety | supplied as part of invoicing. | |||||||||||||
| incidents, | increased perception |
etc. New: | ||||||||||||||
| space | which was previously not |
for | public | |||||||||||||
| use which | is transformed into |
pavement, | ||||||||||||||
| road, | street furniture & park area. |
|||||||||||||||
| Value of match | Covers all |
funding committed |
to | Mayora | Value of other funding attracted to the |
|||||||||||
| funding (K) from |
projects or programmes. Two |
types | target area in addition |
to GLA |
||||||||||||
| partner bodies | as a | recorded include: 1) Direct match |
in | the | funding. ++Gross funds |
spent | ||||||||||
| result ofGLA | Grant | Agreement | and monitored | as | pari | completed schedule signed |
by Finance | |||||||||
| investment | of the | project quarterly claims; |
2) | Match | Director, validated by receipts. ++In |
|||||||||||
| committed | to | a programme |
oi | kind contributions — all contributions |
||||||||||||
| area-based | intervention where |
there | is s | should be converted to |
cash and |
|||||||||||
| series | of complementary investments. |
signed off by Finance |
Director. | |||||||||||||
| Validated as above by receipts, time |
||||||||||||||||
| sheets, invoices. | ||||||||||||||||
| No. ofjobs created | New | - should | not have existed |
in | the | Business - name, address, | post code, | |||||||||
| London borough |
or the employer | before | telephone number, ownership |
and | ||||||||||||
| the intervention. |
Permanent | — | shoulc | number ofemployees. |
||||||||||||
| have | a life | expectancy of at least |
26 wks. | |||||||||||||
| FTE —35hrs or more per wk. | Job - title ofthe new or attracted job, | |||||||||||||||
| contract of employment with |
expected | |||||||||||||||
| start date, hours ofwork. | ||||||||||||||||
| Letter or form signed by employer to |
||||||||||||||||
| confirm jobs are as a result ofthe | ||||||||||||||||
| project. | ||||||||||||||||
| To avoid double counting, ajob must not |
||||||||||||||||
| be counted again if it is filled |
over time | by | ||||||||||||||
| different people. |
||||||||||||||||
| Safeguarded jobs (i.e.those |
that may | |||||||||||||||
| have been lost without the intervention) | ||||||||||||||||
| are not included. | ||||||||||||||||
| Positions created before the start of |
the | |||||||||||||||
| current Mayoral term are |
not to |
be | ||||||||||||||
| included, even if they are |
recorded | as | ||||||||||||||
| achieved after the start of |
the Mayoral | |||||||||||||||
| term (for example referring |
to outcomes | |||||||||||||||
| recorded after 26weeks). | ||||||||||||||||
| No. ofjobs | Must | be a | permanent, FT equivalent |
job | Business —name, address, | post code, | ||||||||||
| safeguarded | which | is | at risk when the |
project | is | telephone number, contact details, |
||||||||||
| approved. | At risk is defined |
as | beinc | ownership, number ofemployees |
||||||||||||
| forecast to be |
lost normally |
within | one | |||||||||||||
| year | (i.e. | must | be specified |
or | if | the | Safeguarded —job title, contract of |
|||||||||
| sector | is in longer term decline | a | longest | employment and duration (1 |
year of | |||||||||||
| period | might be | appropriate). | longer), hours ofwork (for FTE | |||||||||||||
| calculation) | ||||||||||||||||
| A letter from employer or form at end |
of | |||||||||||||||
| project confirming that safeguarded job |
is | |||||||||||||||
| as a result of project. |
| ACHIEVE | MENT AND PERFORMA |
MENT AND PERFORMA |
NCE - continued | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Summary | ofmeasures/indicators | used toassess performance - |
continued | |||||||||||
| Outputs | Definitions | Verification | ||||||||||||
| Increase | in business | turnover | Increased financial turnover |
can | be | Annual audited business |
accounts, | via | ||||||
| defined as the volume of a |
business | Company House. |
||||||||||||
| output in terms of profits over |
a | given | ||||||||||||
| number of years or period oftime | ||||||||||||||
| Increase | in visitor satisfaction | Increase in visitor satisfaction |
Start and End Surveys |
of | town | centre | ||||||||
| in the target area over agreed | users —at start of delivery |
(baseline | ||||||||||||
| period. | position) and at end | |||||||||||||
| Increase | in footfall | Also known as People Counting | or | Survey count verification | comparing | |||||||||
| Shopper Counting, as the | baseline position at |
two | particular | |||||||||||
| measurement ofthe number ofpeople |
locations where people are expected | to | ||||||||||||
| entering passing a certain location or |
pass or enter and a | new | survey | count | ||||||||||
| entering a shop or shopping mall. An |
at a different time or date. | |||||||||||||
| increase in football is measure from |
the | |||||||||||||
| baseline position over a period oftime |
||||||||||||||
| compared to another survey after an |
||||||||||||||
| expected change or trend has taken | ||||||||||||||
| place. | ||||||||||||||
| Reduction | in vacancy rate | Vacancy rates are statistics kept |
on | Consulting census |
data, | local | ||||||||
| vacancies in rental properties, homes |
government offices. |
|||||||||||||
| for sale, and hotels. High vacancy rates |
||||||||||||||
| are usually viewed as a sign that |
the | |||||||||||||
| market is struggling, while low rates |
are | |||||||||||||
| desirable, because they indicate |
that | |||||||||||||
| property is a hot commodity and |
that | |||||||||||||
| vacancies rarely remain unfilled |
for | very | ||||||||||||
| long. | ||||||||||||||
| New apprenticeship | starts | A job with an accompanying skills |
Name or employee | number, | details | of | ||||||||
| development programme designed |
by | previous employment |
(or | |||||||||||
| employers in the sector. Allowing |
worklessness), employee |
start | date, | |||||||||||
| apprentice to gain technical knowledge, |
apprenticeship start |
date | (if different), | |||||||||||
| real practical experience, with |
postcode, date of birth, gender, | ethnic | ||||||||||||
| functional and personal skills. |
origin, disability, criminal |
convictions, | ||||||||||||
| job title, details of apprenticeship | ||||||||||||||
| framework, level, provider |
of | |||||||||||||
| apprenticeship. | ||||||||||||||
| Apprenticeships can be counted |
only | if | ||||||||||||
| they represent a new post | in | a | ||||||||||||
| company. | ||||||||||||||
| An existing post in |
a business | replaced | ||||||||||||
| by an apprenticeship |
post | cannot | be | |||||||||||
| recorded | ||||||||||||||
| New or improved commercial/ |
New or upgraded: new buildings |
An architect's floor plan drawings |
||||||||||||
| business | space (m2) | constructed as part ofthe project, |
showing floor space |
area. | ||||||||||
| refurbished, improved or adapted |
for | |||||||||||||
| productive use as part ofthe project. |
Copy of completion | certificate to | ||||||||||||
| demonstrate works |
undertaken. | |||||||||||||
| Improved: Actual floor space |
or | |||||||||||||
| potential market value has |
been | Surveyor reports |
from | pre | and | post | ||||||||
| increased by some physical |
completion ofworks. |
|||||||||||||
| improvement. |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | funds | Total | funds | |||
| fund | fund | |||||||
| Notes | ||||||||
| INCOME FROM | ||||||||
| Charitable activities |
251,603 | 251,803 | 128,182 | |||||
| Investment income |
55 | 55 | 1,063 | |||||
| Other income | 775 | 775 | ||||||
| Total | 252,633 | 252,633 | 129,245 | |||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| The Collective Project | 410,173 | 410173 | 97,631 | |||||
| NET INCOME/(EXPENDITURE) | (157,540) | (157,540) | 31,614 | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 567,802 | 25,000 | 592,802 | 561,188 | |||
| TOTAL FUNDS CARRIED FORWARD | 410,262 | 25,000 | 435,262 | 592,802 |
| Support | ||||||
|---|---|---|---|---|---|---|
| Direct costs | costs | Totals | ||||
| f | (See note 5) | f | ||||
| The Collective Project | 83,935 | 326,238 | 410,173 | |||
| f. | f | f. | ||||
| Total 2021 | 32,792 | 64,839 | 97,631 | |||
| SUPPORT | COSTS | |||||
| 2022 | 2021 | |||||
| The | ||||||
| Collective | ||||||
| Project f |
Total activities f |
|||||
| Accommodation | 9,363 | 9,363 | ||||
| Insurance | 1,232 | 1,712 | ||||
| Light and heat | 15,004 | 9,120 | ||||
| Telephone | and IT | 11,041 | 7,302 | |||
| Printing, Postage and stationery |
80 | 1 | ||||
| Sundries | 6,177 | 415 | ||||
| Other staff costs | 2,842 | |||||
| Repairs and | maintenance | 14,853 | 13,142 | |||
| Cleaning | 24,411 | 17,445 | ||||
| Professional | fees | 1,215 | 335 | |||
| Refreshment | and meeting | expenses | 2,167 | |||
| Bank charges | 612 | 354 | ||||
| Buck Street | Renovation | 237,335 | ||||
| Accountancy Tax |
and legal fees | 2,950 ~202) |
1,800 1,008 |
|||
| 326,238 | 64,839 | |||||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2022 f |
2021 f |
|||||
| Independent | examination | 2,150 | 1,800 |
| Unrestricted | Restricted | Total | funds | |||
|---|---|---|---|---|---|---|
| fund | fund | |||||
| E | E | E | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Charitable activities |
||||||
| The Collective Project | 128,182 | 128,182 | ||||
| Investment income |
1,063 | 1,063 | ||||
| Other income | ||||||
| Total | 129,245 | 129,245 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| The Collective Project | ~97,631) | ~97.631) | ||||
| Total | (97,631) | (97,631) | ||||
| NET INCOME/(EXPENDITURE) | (31,614) | (31,614) | ||||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought | forward | 536,188 | 25,000 | 561,188 | ||
| TOTAL FUNDS CARRIED FORWARD | 567,802 | 25,000 | 592,802 |
| DEBTORS: A | MOUNT | S F | ALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Other debtors | 55,282 | 15,421 | |||
| Prepayments | and accrued | income | 11,510 | ||
| 66,792 | 15,421 | ||||
| CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||||
| Bank Loan | 50,000 | ||||
| Trade creditors | 12,887 | 1,463 | |||
| Amounts owed to group undertakings |
102,575 | 33,418 | |||
| Other creditors | 42,296 | 36,293 | |||
| Accruals and deferred | income | 4,078 | 2,000 | ||
| 161,836 | 123,174 |
| ANALY | SIS O | F NET ASSETS BETW | EEN FUNDS | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund f |
fund | funds | funds F |
|||
| Current | assets | 572,098 | 25,000 | 597,098 | 715,976 | |
| Current | liabilities | )161,036) | ~161,836) | )123.174) | ||
| 410,262 | 25,000 | 435,262 | 592,802 | |||
| MOVEMENT | IN FUNDS | |||||
| Net | ||||||
| movement in |
||||||
| At 1/4/21 | funds | At 31/3/22 | ||||
| Unrestricted | funds | |||||
| General | fund | 567,802 | (157,540) | 410,262 | ||
| Restricted funds | ||||||
| C3 | 25,000 | 25,000 | ||||
| TOTAL | FUNDS | 592,002 | )157,540) | 435,262 |
| Net movement | in funds, in |
clude | d in t |
he above | are as follows: | ||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement in |
|||||
| resources f |
expended f |
funds f |
|||||
| Unrestricted | funds | ||||||
| General fund | 252,633 | (410,173) | (157,540) | ||||
| TOTAL UNRESTRICTED | FUNDS | 252,633 | ~410,173) | )157,540) | |||
| Incoming | Resources | Movement in |
|||||
| resources f |
expended f |
funds f |
|||||
| Restricted funds | |||||||
| C3 | |||||||
| TOTAL RESTRICTED FUNDS | |||||||
| Comparatives | for movement | in funds | |||||
| Net | |||||||
| movement in |
|||||||
| At 1/4/20 f |
funds f |
At 31/3/21 f |
|||||
| Unrestricted | Funds | ||||||
| General fund | 536,188 | 31,614 | 567,802 | ||||
| Restricted Funds |
|||||||
| C3 | 25,000 | 25,000 | |||||
| TOTAL FUNDS | 561,188 | 31,614 | 592,802 | ||||
| Comparative | net movement | in | funds, | included | in the above are as follows: | ||
| Incoming | Resources | Movement in |
|||||
| resources f |
expended f |
funds f |
|||||
| Unrestricted | funds | ||||||
| General fund | 129,245 | ~97.631) | 31,614 | ||||
| TOTAL FUNDS | 129,245 | ~97.631) | 31,614 |
| 2022 | 2021 | |
|---|---|---|
| INCOME AND ENDOWMENTS | ||
| Charitable activities |
||
| Collective fixed desk service income | 251,803 | 128,182 |
| 251,803 | 128,182 | |
| Other income | 775 | |
| Investment income |
||
| Deposit account interest | 55 | 1,063 |
| Total incoming resources |
252,633 | 129,245 |
| EXPENDITURE | ||
| Charitable activities |
||
| Collective Costs | 83,935 | 32,792 |
| 83,935 | 32,792 | |
| Support costs | ||
| Management | ||
| Accommodation | 9,363 | 9,363 |
| Insurance | 1,232 | 1,712 |
| Light and heat | 15,004 | 9,120 |
| Telephone and IT |
11,041 | 7,302 |
| Printing, Postage and stationery |
80 | 1 |
| Sundries | 6,177 | 415 |
| Other staff costs | 2,842 | |
| Repairs and maintenance | 14,853 | 13,142 |
| Cleaning | 24,411 | 17,445 |
| Professional fees | 1,215 | 335 |
| Buck Street renovation | 237,335 | |
| Refreshment and meeting expenses |
2,167 | |
| 322,878 | 61,677 | |
| Finance | ||
| Bank charges | 612 | 354 |
| Tax | (202) | 1,008 |
| Governance costs |
||
| Accountancy and legal fees |
2,950 | 1,800 |
| Total resources expended | 410,173 | 64,839 |
| Net income/(expenditure) | (157,540) | 31,614 |