2021-07-31-accounts - The Bosco Centre

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		Page
Legal and administrative	details
Trustees' report		2-5
Independent Auditor's	report	6-7
Statement offinancial	activities
Balance sheet
Statement ofcash flows		10
Notes to the fina ncia I state me nts		11-19

and administrative	and administrative	and administrative	details	details
Trustees					Sr. Norma Kirkby
					Primrose Campbell		Chair
					Annabel Clarkson
					Barry Crawley
					Matthew Farrell		Treasurer
					Valerie Stapl eton
Chief Executive Officer				5 Principal	Darren Coghlan
Registered		charity	number		1157639
Principal	and registered			office	281Jamaica Road
					Bermondsey
					LONDON SE164RS
Independent		auditor			Cocke, Vellacott 5 Hill
					Chartered Accountants
					Unit 28 City Business Centre
					Lower Road
					LONDON SE162XB
Banks					Lloyds TSBpic
					67Tower Bridge Road
					Bermondsey
					LONDON SE14TN
Solicitors					Hepburns Solicitors	LLP
					Unit 1Blackwater Court
					17-21Blackwater Street
					Dulwich
					London SE22 8SD
Financial	Adviser				Leagold Miller
					127Station Road
					Chingford
					LONDON E4 6AG

						General	Designated	Unrestricted	Unrestricted
						funds	funds	funds	funds
						2021	2021	2021	2020
					Notes	E	f	E
Income from:
Donations and legacies
—Donations						135		135	540
Charitable activities
-Contracts for educational			services,	grants, etc,		755,107		755,107	617,976
-Activities in furtherance			ofthe charity's objects			269,039		269,039	250,790
Other trading activities
—Fundra ising events
Investment income							48,463	48,463	51,839
Total						1,024,281	48,463	1,072,744	921,145
Expenditure on:
Raising funds					7		(6,802)	(6,802)	(24,546)
Charitable activities					8	(1,295,490)		(1,295,490)	(1,383,301)
Total						(1,295,490)	(6,802)	(1,302,292)	(1,407,847)
Net income/(expenditure)			before transfers			(271,209)	41,661	(229,548)	(486,702)
Gross transfers between		funds
Other recognised gains/losses
Fair value adjustments	on investment			property
Net movement in funds						(271,209)	41,661	(229,548)	(486,702)
Reconciliation offunds
Total funds brought forward					18	1,062,489	4,653,276	5,715,765	6,202,467
Total funds carried forward					18	791,280	4,694,937	5,486,217	5,715,765

					2021		2020
				Notes			L'
Fixed assets
Tangible assets Investments				12 13		2,072,613 950,000		2,115,772 950,000
Tota I fixed assets						3,022,613		3,065,772
Current assets
Debtors				14	42,768		13,474
Investments				15	2,421,997		2,627,792
Cash at bank and	in	hand		15R 16	69,436		37,106
Total current assets					2,534,201		2,678,372
Liabilities
Creditors: amounts		falling
due within one year				17	(70,597)		(28,379)
Net current assets		(liabilltiesj				2,463,604		2,649,993
Total assets less current			liabilities			5,486,217		5,715,765
The funds ofthe charity:
Unrestricted income		funds
General fund				18		791,280		1,089,782
Designated funds				18		4,694,937		4,625,983
Total charity funds						5,486,217		5,715,765

			2021	2020
		Notes
Cash flows from operating	activities:
Net income/(expenditure)	for the year (as per the
statement offinancial activities)			(229,548)	(486,702)
Adjustments for:
Depreciation charges			49,227	59,913
Interest and rents from investments			(48,463)	(51,839)
(Increase) in debtors			(29,294)	165,379
Decrease in creditors			42,218	(5,960)
Net cash provided by operating activities			(215,860)	(319,209)
Cash flows from investing	activities:
Interest and rents from investments			48,463	51,839
Purchase oftangible assets			(6,068)	(134,466)
Net cash provided by investing activities			42,395	(82,627)
Net decrease in cash and cash equivalents			(173,465)	(401,836)
Cash and cash equivalents			2,664,898	3,066,734
Cash and cash equivalents	at the end of the year	16	2,491,433	2,664,898

forthe year ended 31July 202	forthe year ended 31July 202	forthe year ended 31July 202	forthe year ended 31July 202	1
.................,..continued
3.	Donations					Unrestricted			Unrestricted	Unrestricted	2021			2020
							General		General	Designated	Tota	I		Total
							funds		funds	funds
							Nursery &		Diamond
							Clubs		Project &
								Apprenticeships f				f		f
	Individuals								135		135			540
4	Contracts	for	educational		services, grants		and etc
							Unrestricted		Unrestricted	Unrestricted	2021			2020
							General		General	Designated	Tata		I	Total
							funds		funds	funds
							Nursery	&	Diamond
							Clubs f		Project					f
	Government		Grant- Job		Retention Scheme									25,856
	Greenwich	Football Club												984
	Education	Funding Agency							478,605		478,605			427,985
	London Borough ofSouthwark
	High	Needs grant							274,102		274,102			148,751
	16-19Vulnerable			Student Bursaries					2,400		2,400			14,400
									755,107		755,107			617,976
5.	Activities	in furtherance			of	Unrestricted		Unrestricted Unrestricted			2021			2020
	the charity's		objects				General		General	Designated	Tota I			Total
							funds		funds	funds
						Nursery &			Diamond
							Clubs		Project
									f
	Southwark	Council
	Nursery	Free Early Education Grant					43,309				43,309			58,351
	Nursery fees						197,887				197,887			161,425
							241,196				241,196			219,776
	Youth Centre		subscriptions				9,402				9,402			5,640
	Housing —rental income				*				15,451		15,451			13,125
	Tuck Shop													140
	Boscoffee								2,990		2,990			12,109
							250,598		18,441		269,039			250,790

6.	Investment income	Investment income	Investment income				Unrestricted		Unrestricted	Unrestricted	Unrestricted	2021	2020
							General		General	Designated		Tata I	Total
							funds		funds		funds
							Nursery	5	Diamond
	Interest receivable		from:				Clubs f		Project		f	f
	Cater Allen 1										3,331	3,331	8,713
	Shawbrook										3,747	3,747	5,500
	Manchester Building			Society 1
	Manchester Building			Society 2							185	185	639
	Virgin Money										491	491	4,018
	Julian Hodge Bank										7,086	7,086	1,466
											14,840	14,840	20,336
	Income from investment				propety
	Renta I income										33,623	33,623	31,503
											48,463	48,463	51,839
	The above interest		receivable			is from short term deposits			with the various	banks and building		societies	named.
	Rent receivable	is	from		the investment		property	located	at 202 Rotherhithe		Street, London	SE16, as	shown in
	note 13.
7	Cost of raising funds						Unrestricted		Unrestricted	Unrestricted		2021	2020
							General		General	Designated		Total	Total
							funds		funds		funds
							Nursery	g	Diamond
	Investment property			—BOSCO		Lodge:	Clubs f		Project f		f	f	E
	Rent, rates	and		service charge							1,470	1,470	1,405
	Light and heat												1,203
	Repairs and	maintenance									1,512	1,512	17,474
	Depreciation		on	Lodge equipment							1,246	1,246	1,662
	Investment	adviser's			fees						2,574	2,574	2,802
											6,802	6,802	24,546

Employees
Number ofemployees
The average monthly	numbers			ofemployees				2021	2020
(including the trustees)		during		the year were:				Number	Number
Nursery R.Clubs								12	13
Diamond Project R Apprenticeship					Tutors			13	14
Administrators and Quality Assurance								3	3
Youth worker								1	1
Maintenance								1	1
								30
Trustees								6
								36
								Year	Year
							Charitable	ended	ended
							activitiesf	2021f	2020f
Wages and salaries							802,730	802,730	773,732
Social security costs							75,794	75,794	62,401
Nest pension costs							18,551	18,551	16,887
Total staff costs							897,075	897,075	853,020
Other costs:
Diamond Project subcontractors					and supply	teachers	11,592	11,592	80,488
Nursery —Subcontractors			and supply staff				4,946	4,946	546
Total staff costs (including			subcontractors			R supply staff)	913,613	913,613	934,054

			Fixtures,
Tangible fixed assets	Freehold	Nursery	fittings and	Motor
	propertyf	playgroundf	equipmentf	vehicles	Total f
Cost
At 1August 2020	1,825,000	185,057	373,433	18,741	2,402,231
Additions			6,068		6,068
At 31July 2021	1,825,000	185,057	379,501	18,741	2,408,299
Depreciation
At 1August 2020		18,506	253,165	14,788	286,459
Charge for the year		16,655	31,584	988	49,227
At 31July 2021		35,161	284,749	15,776	335,686
Net book values
At 31July 2021	1,825,000	149,896	94,752	2,965	2,072,613
At31Ju/y 2020	1,825,00D	166,551	120,268	3,953	2,115,772

Fixed asset investment property	Fixed asset investment property	Investment
		propertyf
Cost orvaluation
At 1August 2020 and	at31July 2021	950,000
Net book values
At 31July 2021		950,000
At31July 2020		950,000
Historical cost: As at	31July 2021	237,688
Historical cost: As at 31July 2020		237,688

Debtors		2021	2D20
			E
Trade debtors		28,616
Other debtors		475	625
Prepayments	and accrued income	13,677	12,849
		42,768	13,474


15.	Current asset	investments
						2021 f	2020f
	Bank/ building	society		and other deposits		2,421,997	2,627,792
16	Cash and cash	equivalents				2021f	2020f
	Bank/ building	society		and other deposits		2,421,997	2,627, 792
	Cash at bank and in		hand			69,436	37,106
						2,491,433	2,664,898
17.	Creditors: amounts		falling due
	within one year					2021 f	2020f
	Pension payable					806	862
	Other taxes and social			security costs		16,992	11,258
	Rent deposit						433
	EFSA clawback					17,588
	Accrua ls and deferred			income		35,211	15,826
						70,597	28,379
18.	Unrestricted income		funds		General	Designated	Total
					funds	funds	funds
	1August 2020				1,062,489	4,653,276	5, 715,765
	Income				1,024,281	48,463	1,072,744
	Expenditure				(1,295,490)	(6,802)	(1,302,292)
	Fair value adjustments
	Transfers
	31July 2021				791,280	4,694,937	5,486,217

Analysis of	net assets between funds
			Unrestricted	Unrestricted	Total
			General funds	Designated	Unrestricted
			fundsf	fundsf	funds f
Fund balances at31July 2021are represented		by:
Tangible fixed assets			2,072,613		2,072,613
Investment	assets			950,000	950,000
Net current	assets		(1,281,333)	3,744,937	2,463,604
			791,280	4,694,937	5,486,217