## |||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| ##