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2022-07-31-accounts

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 financial statements 11-19
Trustees Sr. Norma
Kirkby
Primrose
Campbell		 Chair
Annabel
Clarkson
Matthew
Farrell		 Treasurer
Valerie Stapleton
Chief Executive Officer 5 Principal Darren
Coghlan
Registered charity number 1157639
Principal and registered office 281Jamaica Road
Bermondsey
LONDON SE164RS
Independent auditor Cocke, Vellacott 8 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
2022 2022 2022 2021
Notes E E E
Income from:
Donations
and legacies
—Donations 1,000 1,000 135
Charitable
activities
-Contracts for educational services, grants, etc. 676,193 676,193 755,107
—Activities
in furtherance		 ofthe charity's objects 332,259 332,259 269,039
Other trading
activities
- Fundraising
events
Investment
income		 49,035 49,035 48,463
Total 1,009,452 49,035 1,058,487 1,072, 744
Expenditure
on:
Raising funds 7 (5,415) (5,415) (6,802)
Charitable
activities		 8 (1,307,498} (1,307,498) (1,295490)
Total (1,307,498) (5,415) (1,312,913) (1,302,292)
Net income/(expenditure) before transfers (298,046) 43,620 (254,426) (229,548)
Gross transfers
between		 funds
Other recognised
gains/losses
Fair value adjustments on investment property
Net movement
in funds		 (298,046) 43,620 (254,426) (229,548)
Reconciliation
offunds
Total funds brought forward 791,280 4,694,937 5,486,217 5,715,765
Total funds carried forward 18 493,234 4,738,557 5,231,791 5,486,217

2022 2021
Notes E
Fixed assets
Tangible assets 12 2,043,708 Z,072,613
Investments 13 950,000 950,000
Total fixed assets 2,993,708 3,02Z,613
Current assets
Debtors 14 71,023 42,768
Investments 15 1,686,182 2,421,997
Cash at bank and
in		 hand 15%16 543,571 69,436
Total current assets 2,300,776 2,534,201
Liabilities
Creditors: amounts falling
due within one year 17 (62,693) (70,597)
Net current assets (liabilities) 2,238,083 2,463,604
Total assets less current liabilities 5,231,791 5,486,217
The funds ofthe charity:
Unrestricted
income funds
General fund 18 493,234 791,280
Designated
funds		 18 4,738,557 4,694,937
Total charity funds 5,231,791 5,486,217

2022 2021
Notes f
Cash flows from operating activities:
Net income/(expenditure) for the year (as per the
statement
offinancial
activities)		 (254,426) (229,548)
Adjustments
for:
Depreciation
charges		 42,957 49,227
Net book value ofasset on disposal 1,457
Interest and rents from investments (49,035) (48,463)
(Increase)
in debtors		 (28,255) (29,294)
Decrease
in creditors		 (7,904) 42,218
Net cash provided
by operating
activities		 (295,206) (2J5,860)
Cash flows from investing activities:
Interest and rents from investments 49,035 48,463
Purchase oftangible assets (15,509) (6,068)
Net cash provided
by investing
activities		 33,526 42,395
Net decrease
in cash and cash equivalents		 (261,680) (173,465)
Cash and cash equivalents b/f 2,491,433 2,664,898
Cash and cash equivalents at the end of the year 16 2,229,753 2,492,433

3. Donations Donations Unrestricted Unrestricted Unrestricted Unrestricted 2022 2021
General General Designated Total Total
funds funds funds
Nursery L Diamond
Clubs Project 5
Apprenticeships f f f
Individuals 1,000 1,000 135
4 Contracts for educational services, grants and etc
Unrestricted Unrestricted Unrestricted 2022 2021
General General Designated Total Total
funds funds funds
Nursery k Diamond
Clubs
f		 Project
f		 f f
Education Funding
Agency		 401,564 401,564 478,605
London Borough ofSouthwark
High Needs grant 221,039 221,039 218,693
16-19Vulnerable Student Bursaries 2,400 2,400 2,400
London Borough of Lewisham 51,190 51,190 39,456
London Borough of Lambeth 15,953
676,193 676,193 755,107
5. Activities in furtherance of Unrestricted Unrestricted Unrestricted 2022 2021
the charity's objects General General Designated Total Total
funds funds funds
Nursery 5 Diamond
Clubs Project
f
Southwark Council
Nursery Free Early Education Grant 65,566 65,566 43,309
Nursery fees 216,573 216,573 197,887
282,139 282,139 241,196
Youth Centre subscriptions 18,529 18,529 9,402
Housing —rental income * 7,617 7,617 15,451
Boscoffee 23,974 23,974 2,990
300,668 31,591 332,259 269,039

6. Investment
income		 Investment
income		 Unrestricted Unrestricted Unrestricted Unrestricted 2022 2021
General General Designated Total Total
funds funds funds
Nursery 5 Diamond
Interest receivable from: Clubs
f		 Project
f		 f f f
Cater Allen 1 4,748 4,748 3,331
Shawbrook 4,670 4,670 3,747
Manchester
Building		 Society 2 406 406 185
Virgin Money 143 143 491
Julian Hodge Bank 848 848 7,086
10,815 10,815 14,840
Income from investment propety
Rental income 38,220 38,220 33,623
49,035 49,035 48,463
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 2022 2021
General General Designated Total Total
funds funds funds
Nursery 5 Diamond
Clubs Project
Investment
property		 —BOSCO Lodge; f f f f E
Rent, rates and service charge 1,550 1,550 1,470
Repairs and maintenance 646 646 1,511
Depreciation on Lodge equipment 934 934 1,247
Investment adviser's fees 2,285 2,285 2,574
5,415 5,415 6,802

8. Costs ofactivities in furtherance ofthe objects ofthe charity
Unrestricted Unrestricted Unrestricted 2022 2021
General General Designated Total Tota/
funds funds funds
Nursery
R,		 Diamond
Clubs
f		 project
f		 f f
S
taff costs (see note 9)		 261,005 652,892 913,897 897,075
S
ubcontractors
and supply teachers (see		 1,461 8,852 10,313 16,538
note 9)
Staff training 5,432 5,432 4,030
Light and heat 6,197 14,461 20,658 19,549
Cleaning
and waste		 management 1,592 1,592 3,184 21,574
Consumables,
repairs and maintenance		 5,997 17,991 23,988 29,401
Printing,
postage and stationery		 4,302 12,905 17,207 14,192
Advertising
and recruitment		 1,275 5,100 6,375 1,657
Telephone 3,111 3,110 6,221 5,119
City S.Guild Certificates, etc 12,627 12,627 14,173
Insurances 4,426 4,425 8,851 8,719
Travelling 1,830 7,320 9,150 8,859
Outings
and celebrations		 16,440 16,441 32,881 2,611
Legal and professional 5,706
External reviewer, legal and prof. fees 9,556 38,224 47,780 58,337
Provisions 1,704
Subscriptions 8,411 25,233 33,644 27,366
Boscoffee 24,192 24,192 7,235
Lunches and teas 19,569 10,225 29,794 18,771
Trainee allowances 33,200 33,200 52,208
General expenses 535 1,606 2,141 2,288
Health and safety 6,047 6,047 12,094 12,625
Depreciation 14,990 27,033 42,023 47,981
(Gains)/
loss on disposal ofassets		 (1,344) (1,344) (100)
366,744 927,564 1,294,308 1,277,618
Governance
costs
Legal and professional 2,500 2,500 3,201
Auditors fees - non audit work 1,400 2,100 3,500 7,671
Auditors fees —audit work 2,000 5,190 7,190 7,000
3,400 9,790 13190 17872
370,144 937,354 1,307,498 1,295,490

Employees
Number ofemployees
The average
monthly		 numbers ofemployees 2022 2021
(including
the trustees)		 during the year were: Number Number
Nursery S.Clubs 12 13
Diamond
Project R Apprenticeship		 Tutors 14 14
Administrators
and Quality Assurance		 3 3
Youth worker 1 1
Maintenance 5 cleaning 3 1
33 32
Trustees 6 6
39 38
Year Year
Charitable ended ended
activities
f		 2022
f		 2021f
Wages and salaries 827,486 827,486 802,730
Social security costs 69,617 69,617 75,794
Nest pension costs 16,794 16,794 18,551
Tota I staff costs 913,897 913,897 897,075
Other costs:
Diamond
Project subcontractors		 and supply teachers 8,852 8,852 11,592
Nursery
—Subcontractors		 and supply staff 1,461 1,461 4,946
Total staff costs (including subcontractors 5supply staff) 924,210 924,210 913,613

Fixtures,
Tangible fixed assets Freehold Nursery fittings and Motor
property
f		 playground
f		 equipment
f		 vehicles
f		 Total
f
Cost
At 1August 2021 1,825,000 185,057 379,500 18,741 2,408,298
Additions 2,110 13,399 15,509
Disposals (9,203) (9,203)
At 31July 2022 1,825,000 185,057 381,610 22,937 2,414,604
Depreciation
At 1August 2021 35,161 284,749 15,776 335,686
On disposals (7,747) (7,747)
Charge for the year 14,990 24,215 3,752 42,957
At 31July 2022 50,151 308,964 11,781 370,896
Net book values
At 31July 2022 1,825,000 134,906 72,646 11,156 2,043,708
At31July 2021 1,825,000 149,896 94,751 2,965 2,072,612

Fixed asset investment
property		 Investment
property
f
Cost or valuation
At 1August 2021 and at 31July 2022 950,000
Net book values
At 31July 2022 950,000
At31July 2021 950,000
Historical cost: As at31July 2022 237,688
Historical cost: As at 31July 2021 237,688

Debtors 2022
f		 2021f
Trade debtors 54,596 28,616
Other debtors 475 475
Prepayments and accrued income 15,952 13,677
71,023 42,768
Current asset investments
2022
f		 2021f
Bank/ building society and other deposits 1,686,182 2,421,997
Cash and cash equivalents 2022
f		 2021f
Bank/ building society and other deposits 1,686,182 2,421,997
Cash at bank and in hand 543,569 69,438
2,229,751 2,491,435
Creditors: amounts
falling due
within one year 2022
f		 2021f
Pension payable 756 806
Other taxes and social security costs 18,294 16,992
EFSA clawback 29,357 17,588
Accruals and deferred income 14,286 35,211
62,693 70,597
Unrestricted
income funds		 General Designated Total
funds funds funds
1August 2021 791,280 4,694,937 5,486,217
Income 1,009,452 49,035 1,058,487
Expenditure (1,307,498) (5,415) (1,312,913)
Fair value adjustments
Transfers
31July 2022 493,234 4,738,557 5,231,791

Analysis of net assets between
funds
Unrestricted Unrestricted Total
General funds Designated Unrestricted
funds funds funds
E E E
Fund balances at31July 2022 are represented by:
Tangible fixed assets 2,043,708 2,043,708
Investment assets 950,000 950,000
Net current assets 555,927 1,744,849 2,300,776
Current liabilities (62,693) (62,693)
493,234 4,738,557 5,231,791