##
||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|
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|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.||||
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|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.||||||||||||
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|||||||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||
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||||||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|
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||||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|
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|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|
##
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|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|
##
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||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|