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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|
##
|Legal|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|||
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|||||||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|
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|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|
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|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|
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||||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|