DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**Company number: 07458912**
**Charity Registration Number: 1148931**
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**CONTENTS**|**Page**||
|---|---|---|
|Company Information||2|
|Report of Directors||3|
|Independent Examiners Report||8|
|Income & Expenditure Account||9|
|Balance Sheet||11|
|Notes to the accounts||12|
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **Report of the Board of Directors/Trustees**
The board of Directors/Trustees presents their report and financial statements for the year ended 31 December 2021
## **Reference and administrative information**
|Company name|The Boiler House Community Space|
|---|---|
|Company registration number|07458912|
|Charity Registration number|1148931|
|Directors|Eleanor Faith Wright|
||Suzanne Begley (resigned 08/07/22)|
||Abigail Gilbert|
||Kwame Agyei (appointed 26/09/2022, resigned 04/12/22)|
||Michelle Baker (appointed 04/10/2021)|
||Lucy Wood (appointed 04/10/21)|
|Trustees|Eleanor Faith Wright|
||Suzanne Begley (resigned 08/07/22)|
||Abigail Gilbert|
||Kwame Agyei (appointed 26/09/2022, resigned 04/12/22)|
||Michelle Baker (appointed 04/10/2021)|
||Lucy Wood (appointed 04/10/21)|
|Registered office|The Boiler House George Downing Estate|
||Cazenove Road|
||Stoke Newington|
||London N16 6BE|
|Accountants|Lewis Curtis Ltd|
||Chartered Accountants|
||10 Durham Avenue|
||Romford|
||RM2 6JS|
|Bankers|The Co-Operative Bank|
||PO Box 250|
||Skelmersdale|
||WN8 6WT|
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **Report of the Board of Directors/Trustees (continued)**
## **Objects**
1. To promote the benefit of the inhabitants of Stoke Newington, Stamford Hill, Hackney and the surrounding community without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants;
2. To establish, or secure the establishment of, a community centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects;
3. To promote such other charitable purposes as may from time to time be determined. The charity shall be nonparty in politics and non-sectarian in religion. The area of benefit ("area of benefit") shall be Stoke Newington, Stamford Hill, Hackney and the neighbourhood together defined by the community users.
## **Ensuring our work delivers our aims**
The Boiler House manages three community centres within estates in Hackney, George Downing Estate, N16, Myddleton Grange, N4, Northwold Youth and Community Hub, E5
The Charity has sourced and supported various activities, classes and events, and services which have benefited a diverse community. Activities have included, Youth support, Food provision, fitness classes, singing, yoga, parent/ carer groups. The Boiler House has also provided a space for training and local voluntary group meetings. It has made it possible for local residents to hire the space for family gatherings at affordable rates.
The charity took a lead role in the borough during the Pandemic, setting up and managing a Food bank and a longer term community Pantry, serving an average of 80 householde per week during 2021
The charity works towards offering some paid work to local people and where possible relevant volunteering opportunities.
## **The focus of our work**
Our main objectives for the year continued to be the development and support of under used community assets (people and spaces) and working to support the impacts of Covid through our Food provision (Pantry and Food bank) and Youth Hub.
We continued to offer opportunities for people to build relationships through activities and shared ‘common ground’, improving community cohesion and support at grass roots level
We continued to run and develop the Community Nursery, located in our N4 building. The focus of the nursery is around school readiness and supporting the individual child’s needs to develop their wellbeing and learning, with particular focus on involving their families.
We are also embarking on an expansion of The Boiler House to provide additional space and opportunities for the local community. We consulted extensively with local residents and the wider community to understand needs and priorities, we continued to design and gain planning permission to support the co-designed community facilities as part of the Charities expansion plan.
## **How our activities deliver public benefit**
All our charitable activities continued to respond to our mission which aims to create stronger/ healthier communities, where each individual has the opportunity to develop their potential and feel part of where they live. We have been delivering this by offering a safe place, working towards reducing isolation, improving social interaction and offering positive opportunities. The activities delivering public benefit are outlined below:
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **Managing the community spaces**
Offering activities that offer people a safe and financially affordable common ground for residents.
This includes: A space for voluntary groups to meet, fitness classes, performance and rehearsal space, a place for educational groups, parent/ carer/ children sessions, where they can meet, learn skills, interact and develop. The community spaces also offer a valuable and affordable space for people to hire for their own gatherings and events at affordable rates. We have made agreements with session providers to offer concessionary rates in return for a reduced hall hire rate.
Providing events and activities that support relationship building and the trust and community capital this can create.
We have also started an estate WhatsApp group which we facilitate to help deepen local relationships and have increased our social media presence to widen our reach. We continue to work with an Asset based approach, linking into local community networks to ensure a diverse and inclusive offer is available to the surrounding communities.
- -The Boiler House Community Space had approximately 1000 visitors per month using the activities/ facilities.
- Ages vary between 0 – 65+, we have mixed demographic of users.
- Our rehearsal space users have continued to increase, utilising off peak time.
- Castle View Nursery at Myddleton Grange community space, continues to offer affordable childcare and a focus on well-being and development, numbers continue to increase.
We continue to develop and safeguard the youth club provision, training staff and supporting young people through a safe and supportive after school environment
'Running a Covid support Food bank for part of the year, supporting an averag of 40 households per week, evolving this into a more sustainable Community Pantry and members club offering holistic support and opportuities for low income households.
## **Events and trips**
Managing/ delivering events and trips for the communities we’ve been working with on the two estates. During 2021,
We have worked with over 150 volunteers through the mutual Aid group and the Chairties Food provision
## **Employment opportunities**
The organisation continues to employ an average of 20 staff members.
We have worked with over 150 volunteers through the mutual Aid group and the Charities Food provision
## **Public Benefit**
Our activities continue to focus on building relationships between local people and the community capital this can support; whilst working towards creating stronger/ healthier communities, where each individual has the opportunity to develop their potential and feel part of where they live.
The Charity continues to improve community cohesion by making available a ‘common ground’ through the community spaces as well as offering a diverse selection of activities for the local community to take part in with the aim to develop under used community assets whether this is people or buildings.
By doing this various benefits occur, local community members become more familiar/ friendly with each other, this helps to reduce isolation, develop local links / networking, develop skills and employment opportunities, reduce antisocial behaviour, increase well-being as people feel part of something and improve health and fitness by community members taking part in local fitness sessions in the centre.
We are also making voluntary roles available for local community members so they can develop their skill sets, feel part of something and help to involve other community members in the activities on offer. There will also be some paid roles available to help with the general management services of the Boiler House and other centres we hope to take on in the future. Our organisations aims are intended to benefit a diverse selection of the local community, of all ages, ethnic backgrounds, gender and sexual orientation this includes estate residents as well as those from the local areas.
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **Review of the year’s activities – January – December 2021**
- Increased use and activities held in the Boiler House Community Space
- Increased our social media presence
- Continued development and co-design of the charities community facilities expansion
- The employment of an outreach and events coordinator, this role helped us to work with Inmarsats corporate volunteers, run larger local events (the Summer market) and plan for community cohesion workshops with local schools.
- The Nursery continues to increased its intake of 2-5 year olds, with positive feedback from parents and carers. The nursery has supported SEN children with a high level of care and support for them and their families regarding their wellbeing and development. The nursery has continued to develop its staff team and development of the early years provision with positive outcomes.
## **The Charity would like officially thank our funders:**
We would like to thank
**Power to Change** for funding towards our new Garden building and the support this will provide local people.
**Fusion** for funding towards the Hackney Family Centre
**Clothworkers** for funding towards the redevelopment of the Boilerhouse community space.
## **FINANCIAL REVIEW**
## **Transactions and Financial Position**
The Statement of Financial Activities shows a surplus of incoming resources over outgoing resources of £5,485 for the year. This includes a surplus on the designated Boiler House capital fund of £23,160, a deficit of £68,506 on the unrestricted income funds and a surplus of £ 50,831 on the restricted funds. The deficit of 68,506 on the unrestricted income fund for the year was funded by unrestricted reserves brought forward from the prior year.
## **Principal funding sources**
Funded by the hire of the centres from session providers, private hirers, voluntary groups, corporate hire and as a rehearsal space. The income generated from Nursery fees and donations.
## **RESERVES POLICY**
The Boiler House Community Space is continuing to add to its reserves, in line with plans for the long-term development, expansion and sustainability.
## **PLANS FOR THE FUTURE**
- To continue to increase the charities self-generated funds and secure further core funding to cover staff wages.
- The nursery to continue to generate a surplus to spend on other community projects run by the charity and core costs of the organisation.
- We plan to expand the community space and develop a new building, community garden, a new MUGA (sports pitch) and refurbish the existing Boiler House to better support Health and fitness activities. These facilities will be open to the George Downing Estate residents and surrounding communities.
- To run a series of community focused workshops with local schools
- To increase our volunteer roles and widen opportunities.
- Delivering an ongoing engagement programme to promote our aims.
- We will continue to develop links and partnerships with other organisations to increase volunteering opportunities
- and enable us to be up to date with local demand and services/ opportunities available.
- We will continue to engage with the community and partners regarding assets and current challenges.
- To provide more developmental training for staff to improve and assure the quality of what we do and / or from which local people will benefit from.
- To continue to develop/ optimise internal systems.
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
- To design and deliver a project to help deepen links within the community and guide future projects and social enterprise.
- To continue to be an agile and responsive community organisation.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The organisation was incorporation as Community Interest Company (C.I.C) on 2[nd] December 2010 and changed it status from C.I.C to Private, Limited by guarantee with no share capital on 3[rd] September 2012 and registered as a charity on 12[th] September 2012. The charitable 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 the event of the company being wound up members are required to contribute an amount not exceeding £10.
## **Recruitment and Appointment of Management Committee**
Currently the management committee have all been invited and appointed with regards to further appointments this will be done based on areas of expertise the committee feel its lacking/ needs due to people stepping down.
All members of the Management Committee give their time voluntarily and received no benefits from the charity. Suzanne Begley stepped down as chair, Lucy Wood was elected as the new chair.
## **Trustees Induction and Training**
Induction will be led by the chair (Lucy Wood) or appointed board member who have a broad knowledge and understanding of the charities values as well as the governance and roles required from the trustees.
## **Risk Management**
The Management Committee actively reviews the risk, which the charity faces on a regular basis and will endeavour to maintain the reserve levels around its current figure. The review of the controls of the financial systems will provide sufficient resources in the event of adverse conditions.
The management committee have also examined other operational and business risks faced by the charity and confirm that the management committee have established systems to mitigate the significant risks.
## **Organisational Structure**
In 2021 the Board of Trustees (Management Committee) continued to advise the two senior staff. The board meet every 6-8 weeks, and are responsible for the Governance, strategic direction and policies of the charity. At present the Committee has 4 members from a variety of professional backgrounds relevant to the work of the charity.
## **Statement of Directors' Responsibilities**
Company laws require the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the Board of Directors should follow best practice and:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether the policies adopted are in accordance with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue in operation.
The Board of Directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006.
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
The Board of Directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
## **Members of the Board of Directors**
Members of the Board of Directors, who are directors for the purpose of company law, who served during the year and up to the date of this report are set out on page 2.
## **Review and Results**
The Directors report an operational deficit of 17,675 on operations excluding the £23,160 surplus on the designated capital fund for the year under review.
## **Balance Sheet**
Details of the major items on the balance sheet can be found in the notes to the accounts.
The fluctuations in debtors and creditors year on year are purely the result of the timing of receipts and payment around the year-end.
## **ACCOUNTANTS**
Lewis Curtis Ltd has signified their willingness to continue in office.
Approved by the Directors on 19 January 2023 and signed on its behalf by
Lucy Wood (Director)
Abigail Gilbert (Director)
7
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS/TRUSTEES OF THE BOILER HOUSE COMMUNITY SPACE**
We report to the charity trustees/directors on our examination of the Company for the year ended 31 December 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 ourselves 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, we report in respect of our examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
2. the accounts do not accord with those records: or
3. 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
4. the accounts have not been prepared in accordance with the methods and principals of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the Up and Republic of Ireland (FRS102)).
We 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.
Lewis Curtis Ltd 10 Durham Avenue Romford Rm2 6JS
Date: 19 January 2023
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
## **THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 (Including Income and Expenditure Account)**
|**Notes**
**Incoming resources**
Public Session Providers
Project income
Party Hire
Consultancy income
Grants
Nursery Fees
Contract fees
Bank interest
Donations
Honey sales
**Total incoming resources**
**Resources expended**
**Charitable activities**
Nursery Costs
Hope Boxing
Trips & Outings
Organisational development
Community Space Management
Nursery Staff
Community/Project Development
NW General youth service
Youth services staff
Food provision
Space hire costs
Cleaning/cleaner
Insurance
Operational Costs
Managerial staff
Capital works
Teambuilding
Premises costs
Bad debts
**Governance costs**
Accountancy services
Bank charges
Trustee training
Depreciation
**Total Resources expended**
Net incoming(outgoing) resources for the year
Transfer to unrestricted capital fund
**Net movements in funds**
Balance brought forward at 01/01/2021
**Balance carried forward at 31/12/2021**|**Restricted**
**2021 Total**
**2020Total**
**Income**
**Capital**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
2,180
**2,180**
5,595
147
**147**
-
26,767
**26,767**
2,421
**-**
7,077
5,140
127,892
**133,032**
166,123
171,545
**171,545**
232,424
79,153
**79,153**
47
**47**
288
2,215
**2,215**
2,117
576
**576**
**Unrestricted Funds**|
|---|---|
||**287,770**
**-**
**127,892**
**415,662**
**416,045**|
||17,075
**17,075**
7,990
-
632
**632**
-
**-**
820
9,901
7,035
**16,936**
79
**79**
(50)
160,526
**160,526**
258,396
4,587
1,688
**6,275**
5,833
15,513
591
**16,104**
16,897
10,135
**27,032**
17,599
25,008
**42,607**
4,641
979
**979**
1,114
**1,114**
3,415
3,797
**3,797**
2,520
6,058
674
**6,732**
24,933
69,585
25,040
**94,625**
6,258
**6,258**
810
**810**
4,143
**4,143**
2,550
529
**529**
2,532
**-**
1,500
**1,500**
1,513
571
**571**
561
**-**
600
1,853
**1,853**
1,144|
||**333,116**
**-**
**77,061**
**410,177**
**317,398**|
||(45,346)
-
50,831
**5,485**
98,647
(23,160)
23,160
**-**|
||**(68,506)**
**23,160**
**50,831**
**5,485**
**98,647**
170,240
68,022
-
**238,262**
139,616|
||**101,734**
**91,182**
**50,831**
**243,747**
**238,263**|
9
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
|**Notes**
**Incoming resources**
Public Session Providers
Project income
Party Hire
Consultancy income
Hall Hires
Grants
Nursery Fees
Bank interest
Donations
**Total incoming resources**
**Resources expended**
**Charitable activities**
Catering/Hospitality
Nursery Costs
Messy Play
Trips & Outings
Marketing/Publicity
Community Space Management
Nursery Staff
Community/Project Development
Food provision
Cleaning/cleaner
Insurance
Operational Costs
Premises costs
Furniture/Equipment
Boiler House Building Works
Bad debts
**Governance costs**
Accountancy services
Bank charges
Professional fees
Depreciation
Total Resources expended
Net incoming (outgoing) resources for the year
Transfer to unrestricted capital fund
Balance brought forward at 01/01/2020
Balance carried forward at 31/12/2020|**2020 Restricted**
**Income**
**Capital**
**Funds**
£
5,595
-
-
-
-
-
2,421
-
-
7,077
-
-
-
45,639
-
120,484
232,424
-
-
288
-
-
2,117
-
295,561
-
120,484
7,990
-
-
-
-
-
820
-
-
-
-
-
(1,950)
-
1,900
233,369
-
25,027
2,783
-
3,050
34
4,607
2,783
-
632
2,520
-
-
19,853
-
5,080
2,550
-
-
-
-
-
-
-
-
2,532
-
-
-
-
-
1,513
-
-
561
-
-
600
-
-
1,144
-
-
277,102
40,296
18,459
-
80,188
(14,722)
14,722
-
86,316
53,300
-
90,053
68,022
80,188
**2020 Unrestricted Funds**|**2020 Total**
**Funds**
£
5,595
-
2,421
7,077
-
166,123
232,424
288
2,117|
|---|---|---|
|||416,045|
|||-
7,990
-
820
-
(50)
258,396
5,833
4,641
3,415
2,520
24,933
2,550
-
-
2,532
-
1,513
561
600
1,144
-|
|||317,398|
|||98,647
139,616|
|||238,263|
10
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2021**
|Notes
**Fixed Assets**
Tangible Fixed Assets
6
**Current assets**
Debtors and prepayments
8
Cash at bank and in hand
**Liabilities:**amounts falling due within one yea
9
**Net current assets**
**Net assets**
**Funds**
Unrestricted income funds
Unrestricted capital funds
Restricted funds
10|**2021**
**96,739**
**14,907**
**157,094**
**172,001**
**24,993**
**147,008**
**243,747**
**101,734**
**91,182**
**50,831**
**243,747**|2020
71,451
17,881
185,465|
|---|---|---|
|||203,346|
|||36,534|
|||166,812|
||||
|||238,263|
|||90,053
68,022
80,188|
|||238,263|
For the year ended 31 December 2021the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
The board of directors approved these accounts on 19 January 2023
Lucy Wood (Director)
Abigail Gilbert (Director)
11
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2019**
## **1 Accounting policies**
## **Basis of preparation and accounting convention**
The accounts (financial statements) have been prepared on the accruals basis, under the historical cost convention and in accordance with the 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Preparation of the accounts on a going concern basis**
The trustee considers that there are no material uncertainties about the Charities’ ability to continue as a going concern. The COVID-19 pandemic has affected the charities income streams and reduced the access of our community centres. We lost significant revenue due to the first lock down measures, where we had to close the majority of our nursery and community centre services. The nursery has since been able to re-open and we hope will be able to continue to provide early years support and development to local families and their children. However, the community centre hire continues to be affected by social distancing measures. while this continues, we are due to lose the majority of this income stream and the provision of activities for local people. We have continued to utilise the space through an on-going food bank, so are still able to engage with local people and offer support to those effected by the pandemic.
## **Fund structure**
The company's general funds consists of funds which the company may use for it purposes at its discretion. The general funds are split between the income funds and the premises capital expenditure funds. The company's restricted funds are those where the donor has imposed restrictions on the use of the funds, which are legally binding.
## **Voluntary income**
All voluntary income is included on receipt. Grants receivable is credited to income immediately on receipt.
## **Investment income**
Credit is taken for interest when the interest falls due for payment.
## **Nursery Fees and Hall Hire Fees**
Nursery fees and hall hire fees are included in the accounts when earned. Where income is received in advance of the service being provided it is deferred to the period in which the service is provided,
## **Administrative expenditure**
Administrative expenditure comprises costs incurred in running the company. Where applicable, some of these costs have been treated as direct charitable expenditure.
## **Fixed assets and depreciation**
Fixed assets are included in the accounts at their historical cost and are written off through the statement of financial activities at the following rates
Plant and machinery - 25% reducing balance
Building improvements - over expected useful life once complete and in use
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DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
## **THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2019**
## **2 Interest receivable and similar income**
|Bank interest
**3**
**Grants receivable**
Power to Change
Power to Change- capital works
London Community Response Fund
Aspire
Southern Housing Group
City Bridge
London Community Foundation
Guiness partnership
CEV Hackney
DEFRA
GP Northwold
Test and Trace Food
Restricted grants
Coronavirus Job Retention Scheme
HVCS
**4**
**Staff costs**
Wages and salaries
Social security costs
Contributions to defined contribution pension scheme
Average monthly number of employees|2021
£
47
2021
£
28,000
12,540
35,175
5,990
-
-
-
4,688
41,499
-
-
-
127,892
4,140
1,000
133,032
2021
£
263,479
12,525
6,049
282,053
20|2020
£
288
2020
£
30,000
-
-
-
2,604
5,000
27,925
14,441
7,143
8,698
3,000
21,674|
|---|---|---|
|||120,485
42,067
3,571|
|||166,123|
|||2020
£
237,335
13,048
6,075|
|||256,458|
|||16|
No employee received emoluments in excess of £60,000
## **5 Remuneration of directors**
No directors have received remuneration as directors sof the charitable company during the year. No trustees have received payment of expenses during the year.
13
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
**THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2019**
## **6 Fixed assets**
|Cost
As at 1 January 2021
Additions
As at 31 December 2021
Depreciation
As at 1 January 2021
Provided during year
As at 31 December 2021
Net book value at 1 January 2021
Net book value at 31 December 2021
**Fixed assets - prior year analysis**
Cost
As at 1 January 2020
Additions
As at 31 December 2020
Depreciation
As at 1 January 2020
Provided during year
As at 31 December 2020
Net book value at 1 January 2020
Net book value at 31 December 2020|Capital Fund Income Fund
improvement
s
Plant &
Machinery
68,022
6,659
23,160
3,980
91,182
10,639
-
3,230
-
1,852
-
5,082
68,022
3,429
91,182
5,557
Capital Fund Income Fund
improvement
s
Plant &
Machinery
53,300
5,218
14,722
1,441
68,022
6,659
-
2,086
-
1,144
-
3,230
53,300
3,132
68,022
3,429|Total
74,681
27,140|
|---|---|---|
|||101,821|
|||3,230
1,852|
|||5,082|
||||
|||71,451|
||||
|||96,739|
|||Total
58,518
16,163|
|||74,681|
|||2,086
1,144|
|||3,230|
||||
|||3,132|
||||
|||71,451|
- **7 Fixed assets - prior year analysis**
## **8 Debtors**
|Community space hire
Nursery fees|2021
£
11,310
3,597
14,907|2020
£
7,051
10,830|
|---|---|---|
|||17,881|
14
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
## **THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2019**
## **9 Liabilities: amounts falling due within one year**
|**Liabilities: amounts falling due within one year**|||
|---|---|---|
|Social Security and Other taxes
Deferred Income
Other creditors
Accruals|2021
£
10,476
9,090
3,927
1,500
24,993|2020
£
23,382
9,829
1,823
1,500|
|||36,534|
## **10 Restricted funds**
|Fund
Power to Change
London Community Response Fund
Aspire
Guiness partnership
CEV Hackney|Brought
forward
01/01/2021 Income
Expenditure
Net
movement
Carried
forward
31/12/21
40,540
13,293
27,247
27,247
-
-
-
-
35,175
35,175
35,175
-
-
5,990
632
5,358
5,358
-
-
4,688
4,688
-
-
-
-
-
-
41,499
23,273
18,226
18,226
-
-|
|---|---|
||-
127,892
41,886
86,006
86,006|
15
DocuSign Envelope ID: 749535BC-A390-442B-BC63-8D7F3C8098A3
## **THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2019**
## **11 Restricted funds -prior year analysis**
|Fund
Power to Change
City Bridge
London Community Foundation
Guiness partnership
Southern Housing
CEV Hackney
DEFRA
Test and Trace Food|Brought
forward
01/01/20
Income
Expenditure
Net
movement
Carried
forward
31/12/20
30,000
30000
-
-
-
-
5,000
5000
-
-
-
-
27,925
27925
-
-
-
-
-
-
17,441
17441
-
-
-
-
2,604
2604
-
-
-
-
7,143
7143
-
-
-
-
-
8,698
8,698
-
-
-
-
21,674
21,674
-
-|
|---|---|
||-
120,485
120,485
-
-|
## **12 Share capital**
The Boiler House Community Space is a company limited by guarantee and does not have share capital. The liability of each member in the event of winding-up is limited to £10.
## **13 Related Party Transactions**
None of the trustees were paid any remuneration or received any benefits during the year.
16