COMPANY REGISTRATION NUMBER: 08563341 CHARITY REGISTRATION NUMBER: 1155848
The Sheriff Centre Limited Company Limited by Guarantee Unaudited Financial Statements
31 December 2020
A. I. GROMAN FCA
Chartered Accountant and Independent Examiner Groman and Company 5 Violet Hill St. John's Wood London NW8 9EB
The Sheriff Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2020
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.
Reference and administrative details
Registered charity name The Sheriff Centre Limited Charity registration number 1155848 Company registration number 08563341 Principal office and registered Flat 1, St James House office Sherriff Road London NW6 2AP The trustees Fr Robert George Thompson Tushi Bannerjee Marilyn Shelagh Brooks Jennie Byun Ruby Rochman Aurelie Le Junter Sleath Independent examiner A I Groman FCA Chartered Accountant and Independent Examiner Groman and Company 5 Violet Hill St. John's Wood London NW8 9EB
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The Sheriff Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Structure, governance and management
Governing document
The Charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association dated 10th June 2012 and also registered with the Charity Commission.
Appointment, induction and training of Trustees
Trustees are sought via relevant organisations, targeted publicity and with three members ex officio - the Incumbent of the United Benefice of St Mary with All Souls, Kilburn and St James, West Hampstead and the two wardens of the parish of St James, West Hampstead. When considering new trustees, the Board has regard to the requirement for the skill and expertise required for the role.
Potential new trustees attend three meetings as observers before they are appointed as trustees and inducted into their legal obligations under charity and company law and decision making processes, the development plan for the charity and the recent financial performance. During induction trustees are encouraged to get to know the Sherriff Centre and to meet key staff.
Organisation
The charity is organised so that the trustees meet regularly to manage its affairs. The charity employs a part time debt advisor. The Centre Director, who manages both the charity and associated trading company, works part time for the charity. The centre director, working with the Chair is jointly responsible with the trustees for strategy, and sustainability, adherence to all legal and financial requirements, business and partnership development.
Risk Management
The charity has a risk management strategy which comprises:
-
An annual review of the risks the charity may face:
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The establishment of systems, procedures and actions to mitigate those risks identified in the plan; and
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The implementation of procedures and actions designed to minimise any potential impact upon the charity should those risks materialise.
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Each area of the Centre undertakes its own risk assessments on a regular basis.
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The Sheriff Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Objectives and activities
It is a place where all people are made welcome and able to access the services offered and through their activities can support other members of the same community. The Sherriff Centre aims to:
-
Improve the quality of life for local people.
-
Provide an accessible, welcoming venue and focal point for the community where residents can meet, socialise and find rest and relaxation. - To offer a high quality, free and impartial debt advice service to local residents at the point of need.
The local community is defined largely as those living in the NW6 postcode, across both the London Borough of Camden and the London Borough of Brent, and to all families and residents who come to use our facilities. The area is one of considerable variation in terms of social and ethnic diversity and the charity seeks to be open to all people regardless of their gender, ethnicity, and sexuality, and economic circumstances, physical or mental ability.
PUBLIC BENEFIT
We have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in running and planning the services provided at the charity. The trustees are aware of the need to consider how our planned activities and services will contribute to the aims and objectives they have set.
PRINCIPAL ACTIVITIES UNDERTAKEN TO ACHIEVE OUR AIMS FOR THE PUBLIC BENEFIT
Debt advice at The Sherriff Centre is committed to providing free, independent, confidential and impartial advice, information and support to people who live, work or study in West Hampstead and its surrounding area and who are experiencing financial difficulty. The service offers advice on a wide range of debt issues including, utility debts, rent and council tax arrears, credit debts, overpayments of benefits and tax credits. The service also aims to assist clients facing emergency situations including:- Creditor about to take drastic action, e.g. eviction, repossession, disconnection, imprisonment- Deadline approaching, e.g. replying to court forms, court hearing date- Other crisis, e.g. no money for food The service is currently available two days per week and we directly employ a debt advice worker. Our debt advice service is available to all local residents and works with all relevant local agencies.
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The Sheriff Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Achievements and performance
2020 has been a very challenging year. The lockdowns due to COVID-19 saw our trading associate closed for 7 months. However, successful fundraising has ended the year on a more positive note.
Our debt advice project continues to thrive seeing 112 clients in 2020. Our advisor continued to help clients over the telephone during lockdown and has received huge praise from our main service funder CVS Brent.
We were delighted to be successful in a funding bid to the National Lottery Culture Recovery Fund. This grant provides assistance with core costs and to help us set up as a live events venue to put on a programme of events to help us maximise our income when we can reopen in 2021, this is a huge step towards future sustainability.
In November 2020 we were awarded a £5,000 grant from the Edward Harvest Trust to set up a project that would tackle food poverty. The Growth Project was set up as a result of this funding and is a free food store based inside the church. The aims of the project are to tackle not only food poverty by providing fresh fruit and vegetables, bread and store cupboard ingredients but to reduce food waste. We are working in partnership with local food suppliers to stock our shelves and will be recruiting volunteers to assist in the project. A further grant of £10,000 was secured from the London Community Response Fund and this will help fund the project coordinators salary. This project is in direct response to the challenges faces by Covid and is a welcome addition to the work of our charity.
We would like to thank our funders this year who have enabled us to carry on this vital work;
CVS Brent
London Community Fund
Awards for All
Edward Harvest Fund
National Lottery Culture Recovery Fund
Primark
William Grant and Sons
Aviva
London Community Response Fund
Financial review
The statement of Financial Activities shows income for the year of £101,866 (2019 - £29,633) and total expenditure of £38,195 (2019 - £16,545).
Reserves
The present level of funding and reserves are considered adequate to support the running of the charity for the year ahead.
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The Sheriff Centre Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
The trustees' annual report was approved on 25 February 2021 and signed on behalf of the board of trustees by:
Fr Robert George Thompson Trustee
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The Sheriff Centre Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Sheriff Centre Limited
Year ended 31 December 2020
I report to the trustees on my examination of the financial statements of The Sheriff Centre Limited ('the charity') for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
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 charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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 financial statements 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.
A I Groman FCA Independent Examiner
Groman and Company Chartered Accountants 5 Violet Hill St. John's Wood London NW8 9EB
16 March 2021
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The Sheriff Centre Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ |
£ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 7,197 |
94,669 | 101,866 | 29,633 |
| ----------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 7,197 | 94,669 | 101,866 | 29,633 | |
| ======================= | ============================ | ================================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 1,560 |
36,635 | 38,195 | 16,545 |
| ----------------------- | ----------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 1,560 | 36,635 | 38,195 | 16,545 | |
| ======================= | ============================ | ================================ | ============================ | ||
| ----------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Net income and net movement in | funds | 5,637 | 58,034 | 63,671 | 13,088 |
| ======================= | ============================ | ================================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 4,309 | 9,074 | 13,383 | 295 | |
| Transfer of funds | (481) | 481 | - | - | |
| ----------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Total funds carried forward | 9,465 | 67,589 | 77,054 | 13,383 | |
| ======================= | ============================ | ================================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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The Sheriff Centre Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 89,117 | 20,038 | |
| Creditors: amounts falling due within one year | 11 | (12,063) | (6,655) |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 77,054 | 13,383 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 77,054 | 13,383 | |
| ---------------------------- | ---------------------------- | ||
| Net assets | 77,054 | 13,383 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Restricted funds | 67,589 | 8,234 | |
| Unrestricted funds | 9,465 | 5,149 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 13 | 77,054 | 13,383 |
| ============================ | ============================ |
For the year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Fr Robert George Thompson Trustee
The notes on pages 9 to 15 form part of these financial statements.
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The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2020
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Flat 1, St James House, Sherriff Road, London, NW6 2AP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
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The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
Defined contribution plans (continued)
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
That charity is limited by guarantee of £1 per member without share capital.
5. Donations and legacies
| Donations and legacies | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| Current year | £ | £ | £ |
| Donations | |||
| Donations | 4,197 | – | 4,197 |
| Corporate Donations | 3,000 | – | 3,000 |
| Grants | |||
| Awards for all | – | 10,000 | 10,000 |
| CVS Brent | – | 18,859 | 18,859 |
| National Lottery Grant | – | 45,810 | 45,810 |
| Edward Harvest Fund | – | 5,000 | 5,000 |
| The London Community Foundation - Growth Fund | – | 10,000 | 10,000 |
| The London Community Foundation - Advice Fund | – | 5,000 | 5,000 |
| ----------------------- | ---------------------------- | -------------------------------- | |
| 7,197 | 94,669 | 101,866 | |
| ======================= | ============================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| Prior year | £ | £ | £ |
| Donations | |||
| Donations | 2,827 | – | 2,827 |
| Donations - Trustee Company - Match Donations | 180 | – | 180 |
| Donations - Associated News - Match Donations | 907 | – | 907 |
| Donations - November event | 1,235 | – | 1,235 |
| Grants | |||
| The Hampstead Wells and Campden Trust | – | 5,000 | 5,000 |
| Awards for all | – | 10,000 | 10,000 |
| CVS Brent | – | 9,484 | 9,484 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| 5,149 | 24,484 | 29,633 | |
| ======================= | ============================ | ============================ |
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The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
6. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| Current year | £ | £ | £ |
| Charitable Activity | – | 18,316 | 18,316 |
| Support costs | 1,560 | 18,319 | 19,879 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| 1,560 | 36,635 | 38,195 | |
| ======================= | ============================ | ============================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| Prior year | £ | £ | £ |
| Charitable Activity | – | 13,100 | 13,100 |
| Support costs | – | 3,445 | 3,445 |
| -------------- | ---------------------------- | ---------------------------- | |
| – | 16,545 | 16,545 | |
| ============== | ============================ | ============================ |
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2020 | 2019 | |
| £ | £ | £ | £ | |
| Charitable Activity | 18,316 | 18,318 | 36,634 | 15,705 |
| Governance costs | – | 1,561 | 1,561 | 840 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 18,316 | 19,879 | 38,195 | 16,545 | |
| ============================ | ============================ | ============================ | ============================ | |
| Independent examination fees | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 1,500 | 780 | ||
| ====================== | ============== |
8. Independent examination fees
12
The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
9. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 16,717 | 12,395 |
| Social security costs | 890 | 524 |
| Employer contributions to pension plans | 274 | 181 |
| ---------------------------- | ---------------------------- | |
| 17,881 | 13,100 | |
| ============================ | ============================ |
The average head count of employees during the year was 2 (2019: 1). The average number of full-time equivalent employees during the year is analysed as follows:
| 2020 | 2019 | |
|---|---|---|
| No. | No. | |
| Number of staff - Advisor/Counsellor | 2 | 1 |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
10. Trustee remuneration and expenses
SORP 2015 requires the following statements to be made:- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Accruals and deferred income | 1,560 | 1,851 |
| PCC of St James | 1,000 | 1,000 |
| Other creditors | 9,503 | 3,804 |
| ---------------------------- | ----------------------- | |
| 12,063 | 6,655 | |
| ============================ | ======================= |
12. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £274 (2019: £181).
13. Analysis of charitable funds
Unrestricted funds
| At | |||||
|---|---|---|---|---|---|
| At 1 January | 31 December | ||||
| 2020 | Income | Expenditure | Transfers | 2020 | |
| £ | £ | £ | £ | £ | |
| General funds | 4,309 | 7,197 | (1,560) | (481) | 9,465 |
| ======================= | ======================= | ============== | ============== | ================================== | |
| At | |||||
| At 1 January | 31 December | ||||
| 2019 | Income | Expenditure | Transfers | 2019 | |
| £ | £ | £ | £ | £ | |
| General funds | – | 5,149 | – | – | 5,149 |
| ============== | ======================= | ============== | ============== | ============================== |
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The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
13. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 January | 31 December | ||||
| 2020 | Income | Expenditure | Transfers | 2020 | |
| £ | £ | £ | £ | £ | |
| National Lottery – | |||||
| Awards For All - Advice | |||||
| Fund | 993 | 10,000 | (10,993) | – | – |
| Hampstead Wells & | |||||
| Camden Trust -Advice | |||||
| Fund | 2,500 | – | (2,981) | 481 | – |
| CVS Brent – Advice | |||||
| Fund | 5,580 | 18,859 | (15,064) | – | 9,375 |
| London Community | |||||
| Fund – Advice Fund | – | 5,000 | (5,000) | – | – |
| Edward Harvest Fund – | |||||
| Growth Project | – | 5,000 | (2,596) | – | 2,404 |
| London Community | |||||
| Fund – Growth Project | – | 10,000 | – | – | 10,000 |
| National Lottery | |||||
| Heritage Fund – Culture | |||||
| Recovery Fund | – | 45,810 | – | – | 45,810 |
| ------------------------- | ------------------------------ | ----------------------------- | -------------------- | ------------------------------------- | |
| Restricted Fund | 9,074 | 94,669 | (36,635) | 481 | 67,589 |
| ======================= | ============================ | ============================ | ============== | ==================================== | |
| At | |||||
| At 1 January | 31 December | ||||
| 2019 | Income | Expenditure | Transfers | 2019 | |
| £ | £ | £ | £ | £ | |
| National Lottery – | |||||
| Awards For All - Advice | |||||
| Fund | 295 | 10,000 | (9,302) | – | 993 |
| Hampstead Wells & | |||||
| Camden Trust -Advice | |||||
| Fund | – | 5,000 | (2,500) | – | 2,500 |
| CVS Brent – Advice | |||||
| Fund | – | 9,484 | (3,903) | – | 5,580 |
| --------------- | ---------------------------- | ---------------------------- | --------------- | ------------------------- | |
| Restricted Fund | 295 | 24,484 | (16,545) | – | 8,234 |
| ============== | ============================ | ============================ | ============== | ======================= |
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The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
14. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Current year | |||
| Current assets | 9,465 | 67,589 | 77,054 |
| ============================ | ============================= | ============================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Prior year | |||
| Current assets | 4,309 | 9,074 | 13,383 |
| ======================= | ======================= | ============================ |
15
The Sheriff Centre Limited
Company Limited by Guarantee
Management Information
Year ended 31 December 2020
The following pages do not form part of the financial statements.
16
The Sheriff Centre Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 4,197 | 2,827 |
| Donations - Trustee Company - Match Donations | – | 180 |
| Donations - Associated News - Match Donations | – | 907 |
| Donations - November event | – | 1,235 |
| Corporate Donations | 3,000 | – |
| The Hampstead Wells and Campden Trust | – | 5,000 |
| Awards for all | 10,000 | 10,000 |
| CVS Brent | 18,859 | 9,484 |
| National Lottery Grant | 45,810 | – |
| Edward Harvest Fund | 5,000 | – |
| The London Community Foundation - Growth Fund | 10,000 | – |
| The London Community Foundation - Advice Fund | 5,000 | – |
| -------------------------------- | ---------------------------- | |
| 101,866 | 29,633 | |
| -------------------------------- | ---------------------------- | |
| -------------------------------- | ---------------------------- | |
| Total income | 101,866 | 29,633 |
| ================================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 16,717 | 12,395 |
| Employer's NIC | 890 | 524 |
| Pension costs | 274 | 181 |
| Rent | 13,500 | – |
| Repairs and maintenance | 2,463 | – |
| Insurance | 674 | 674 |
| Other establishment | 1,178 | 1,498 |
| Legal and professional fees | 1,625 | 880 |
| Other office costs | 813 | 333 |
| Other interest payable and similar charges | 61 | 60 |
| -------------------------------- | ---------------------------- | |
| 38,195 | 16,545 | |
| -------------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 38,195 | 16,545 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 63,671 | 13,088 |
| ============================ | ============================ |
17
The Sheriff Centre Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Charitable Activity | ||
| Activities undertaken directly | ||
| Wages and salaries | 16,717 | 12,395 |
| Employer's NIC | 890 | 524 |
| Employers pension costs | 274 | 181 |
| Consultant fees | 125 | – |
| Other office costs | 435 | – |
| ---------------------------- | ---------------------------- | |
| 18,441 | 13,100 | |
| ---------------------------- | ---------------------------- | |
| Support costs | ||
| Management and premises costs | 13,500 | – |
| Repairs and maintenance | 2,463 | – |
| Insurance | 674 | 674 |
| Software and IT Costs | 1,178 | 1,498 |
| Supervision fees | – | 100 |
| Other office costs | 378 | 333 |
| ---------------------------- | ----------------------- | |
| 18,193 | 2,605 | |
| ---------------------------- | ----------------------- | |
| Governance costs | ||
| Independent Examiner fees | 1,500 | 780 |
| Bank charges | 61 | 60 |
| ------------------------ | -------------- | |
| 1,561 | 840 | |
| ------------------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 38,195 | 16,545 |
| ============================ | ============================ |
18