The Pimlico Foundation
Report and Accounts
year ended 31 December 2020
8 VIctoria Road, Reading, RG31 5AD t: 07914 211828 e: rachel@holybrook.com w: www.holybrook.com
THE PIMLICO FOUNDATION
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2020
ADDRESS FOR CORRESPONDENCE
The School House St James The Less Church Moreton Street London, SW1V 2PS GOVERNING DOCUMENT CIO constitution 8 January 2015 amended 25 August 2016 CHARITY REGISTRATION NUMBER 1159844 TRUSTEES RESPONSIBLE FOR J Cameron MANAGING THE CHARITY M Goodacre D Jeavons B Rochelle V Stovell INDEPENDENT EXAMINER Sabina Reed c/o Holy Brook Associates Ltd Curious Lounge, 1st Floor Pinnacle Building, Tudor Road, Reading, RG1 1NH
INDEX
Page 1 Legal & Administrative Details Pages 2-7 Trustees' Report Page 8 Independent Examiner's Report Page 9 Receipts and Payments Account Page 10 Statement of Assets & Liabilities Pages 11-12 Notes to the Accounts
Page 1
THE PIMLICO FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 December 2020.
Objects of the charity
Thecharity is a public benefit entity in theform ofa Charitably Incorporated Organisation (CIO) & governed by a constitution. The charity's principal objects, as set out in its governing document, are:
a) To advance the Christian faith for the benefit of the public in Pimlico and greater London in accordance with the statement of faith appearing in the schedule.
b) In the context of the first object, to advance in life and help young people through the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life and providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The Pimlico Foundation is affiliated with Scripture Union. The affiliation is informal, but Scripture Union has provided some seed funding for the Pimlico Foundation and has provided advice for trustees.
Summary of the charity's main activities and achievements
Our main activities and achievements in 2020 included the following:
Zooms - Due to covid restrictions an Lockdown 2020 paused most of our regular projects . However wedid manage to run zoom sessions with young peopleand run a coupleof messy churches onlinefor children and families in the community during the first couple of months of Lockdown.
Food Programmes: From July 2020 we did a food programme . The purpose of this was again
a need in thecommunity to feed families in thearea. During themonths ofJuly and August wemade over 700 meals with a variety of nutritious hotfood that families could come and collect in a takeaway box and bag. Some people who came had lost their jobs and this was a vital project at this time as they had some reassurance that there would be food for them to come and have . This project also brought the churches together to uniteand providethis provison during this time. We also delivered in December 30 'Take to Make' food boxes to key familes that we know who needed some extra help . These food boxes provided ingredients to cook a healthy nutritious hot meal.
Holiday Clubs: During the summer and October half term we were able to run Holiday clubs for up to 16 children due to covid restrictions. Even though this was lower than our usual capacity , Holiday clubs were again a vital need for families in thearea especially for parents who werekey workers at that time. Weunited with other churches and ran sports activities, craft , bible stories , small group activities and also trips in bubbles to do activiities like trampolining , bowling and museums .
Messy Church: As well as messy church online towards the end of the year when restrictions
Page 4
wre lifted a bit once again we managed to hold two Messy Churches, one was a Light Party and the second was for Christmas. Both had several 'sittings' , one for Special Messy Church ( only for children with special needs) on a separate day and then on the single day 2 sittings to allow us to be Covid secure , with each family unit seated on a seperate table.
Christmas Trail : It was sad to not to be able to welcome schools in for an Easter Trail in 2020 . However we were able to work out a way to do it n a covid secure way which meant 100 kids from 2 different schools were able to come.
Mentoring: We were able to access local Primary and secondary Schools in the area to
mentor children and young people. This was vital need due to mental health and how the pandemic put a halt on education . We managed to mentor 6 young people between October and December 2020
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
During 2020, our volunteering activities were extremely limited due to COVID-19. Support of volunteers was
Future plans
For 2021 we would like to relaunch Hot Chocolate Thursdays without any restrictions. Again the same for Messy church to run again at normal capicaty without restrictions.
To run Holiday clubs with more children and to provide more trips and activities during those weeks.
Financial review
Overall, our financial position was significantly altered through COVID-19. The reduction in activity led to a corresponding reduction in funding - in particular grants that we often receive to support specific events (such as holiday clubs). We also saw some drop off in giving due to financial hardship. Despite all of this, we were able to not furlough our workers, and to keep them engaged in activity working with the children, young people and families at a time when they needed it the most. We ended the year with a surplus of £10,615 which is a more healthy position that we have been in previously.
Our principle sources of funding were individual donations from private individuals, support from local churches, and seed funding from Scripture Union.
Reserves policy
The charity seeks to keep 3 months of funds in reserve at all times in order to keep operating sustainably. However, on occasions wehavebreached this policy over thepast few years due to our outgoings consistently exceeding our income. This has been discussed with thetrustees and a position as been adopted whereby we arecomfortableprovided wehavecommitment of our regular donors to fund any shortfall. The operations of thecharity havebeen supported by several privateindividuals who have all committed to act as the funder of last resort if necessary to maintain the operations of the charity.
Funds in deficit
There were no funding deficits at the end of 2020.
Governance
Page 5
During 2020, the Trustees met reguarly (at least once per quarter) to ensure the smooth running of the charity. During COVID we moved to virtual meetings over Zoom or Teams. The day to day line management of the youth workers was carried out by Rev Lis Goddard acting on behalf ofthe trustees. To assist Lis in her duties, a management board has been created to provide operational oversight of the charity on a day-to-day basis. This was operationalised in 2019 but continued in 2020.
Risk Statement
Thecharity is exposed to various risks - bethey operational, financial or reputational. Thetrustees review the charity's activities regularly to identify significant risks and, wherepossible, they takeappropriate measures to mitigate those risks. Our principle risk relates to the safeguarding of young people. We have appointed a safeguarding officer (Vivien Stovell) to ensure that we continue to meet our safeguarding responsibilities. Vivien is regularly visiting theyouth workers and provides regular reports to Trustees to ensurewe havestrong day-to-day control of our safe guarding risks.
During 2020, an there was increasing concern from the trustees around the financial health of the charity, particularly given theuncertainties ofCOVID. This was regularly reviewed and a mitigation was put in placeby arranging emergency funding through generous donations if required.
Responsibilities of trustees
Charity law requires us as Trustees to preparefinancial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
BEN ROCHELLE DANIEL JEAVONS
Date: 27/10/2021
Page 6
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE PIMLICO FOUNDATION
I report to the trustees on my examination ofthe accounts of ThePimlico Foundation ('the charity') for theyear ended 31 December 2020 on pages 9 to 12 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect ofmy examination ofthecharity’s accounts carried out under section 145 of the2011 Act and in carrying out my examination I have followed all the applicable 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 material matters have cometo my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sabina Reed AATQBS
c/o Holy Brook Associates Ltd Curious Lounge, 1st Floor Pinnacle Building, Tudor Road, Reading, RG1 1NH
Date: 27/10/21
Page 7
THE PIMLICO FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes Income receipts Donations, legacies and grants Income from charitable activities Total receipts Payments 2 Total payments Transfers between funds Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Payments in relation to charitable activities undertaken directly |
General Funds £ 63,637 63,637 63,637 54,098 54,098 54,098 9,539 - 9,539 1,076 10,615 |
Restricted Funds £ - - - - - - - 0 - 0 - |
2020 £ 63,637 - 63,637 63,637 54,098 54,098 54,098 9,539 - 9,539 1,076 10,615 |
2019 £ |
|---|---|---|---|---|
| 86,038 849 |
||||
| 86,887 | ||||
| 86,887 | ||||
| 86,795 | ||||
| 86,795 | ||||
| 86,795 | ||||
| 93 - |
||||
| 93 983 |
||||
| 1,076 |
0
The notes on pages 11-12 form part of these accounts.
Page 8
THE PIMLICO FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
| General | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | ||
| £ | £ | £ | £ | ||
| A | Cash funds | ||||
| Cash at bank with immediate access | 10,565 | - | 10,565 | 1,026 | |
| Petty cash | 50 | - | 50 | 50 | |
| 10,615 | - | 10,615 | 1,076 | ||
| B | Other monetary assets | ||||
| Other debtors | - | - | - | - | |
| - | - | - | - | ||
| C | Liabilities | ||||
| Fee for Accounts and Independent Examination | 986 | - | 986 | 986 | |
| Accrued expenses | - | - | - | - | |
| 986 | - | 986 | 936 |
D Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf
Ben Rochelle by Dan Jeavons date 27/10/2021 -------------------------------------------------------NAME
The notes on pages 11-12 form part of these accounts.
Page 9
THE PIMLICO FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'trueand fair'view and, as thesereceipts and payments accounts have not (and cannot) beprepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are availablefor useat thediscretion ofthe trustees in furtheranceof thegeneral objectives of thecharity. Designated funds compriseunrestricted funds that havebeen set asideby the trustees for particular purposes. Restricted funds aredonations which are to be used in accordance with specific restrictions imposed by donors; they includedonations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with thedonor's wishes. The natureof therestriction determines whether the endowments represent permanent endowments or expendable endowments.
Theseaccounts areprepared on thebasis that the charity is a going concern. There areno material uncertainties about the charities ability to continue to operate
| 2 Payments in relation to charitable activities undertaken directly Employment costs Event costs Food purchases Equipment Printing costs Phones and software Travel Web design and IT equipment Accounts & examination Insurance Miscellaneous costs |
General funds £ 38,843 5,170 1,150 140 634 195 - 989 6,978 54,098 |
Restricted Funds £ - |
Total 2020 £ 38,843 5,170 1,150 - 140 634 195 - - 989 6,978 54,098 |
Total 2019 £ |
|---|---|---|---|---|
| 58,427 6,744 3,437 3,600 28 1,168 824 449 1,290 904 3,495 |
||||
| 86,795 |
3 Transactions with related parties
No amounts were paid or are payable to any trustee or to any person connected to them.
Page 10
THE PIMLICO FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
4 Movement on designated, restricted and endowment funds
There were no designated of restricted funds during the year
5 Renumeration of trustees
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity
No trustee expenses have been incurred
6 Amounts payble to Independent Examiner
The Independent Examiner will receive a fee in relation to the examination of £360+VAT (this is shown in the listing of assets and liabilities
This is in addiion to a fee for preperation of accounts payable to the same firm for £480+VAT
7 Staffing
The average number of staff employed during 2020 was 2.
No employees received employee benefits (excluding employer pension costs) of more than £60,000
Page 11
Balance Sheet
The Pimlico Foundation
As at 31 December 2020
| Account | 31 Dec 2020 | 31 Dec 2019 | |
|---|---|---|---|
| Current Assets | |||
| Cash at bank and in hand | |||
| The Pimlico Foundation | 10,564.78 | 1,026.21 | |
| Total Cash at bank and in hand | 10,564.78 | 1,026.21 | |
| Petty Cash | 50.00 | 50.00 | |
| Total Current Assets | 10,614.78 | 1,076.21 | |
| Creditors: amounts falling due within | one year | ||
| Accruals | 986.00 | 986.00 | |
| Total Creditors: amounts falling due within one y | 986.00 | 986.00 | |
| Net Current Assets(Liabilities) | 9,628.78 | 90.21 | |
| Total Assets less Current Liabilities | 9,628.78 | 90.21 | |
| Net Assets | 9,628.78 | 90.21 | |
| Capital and Reserves | |||
| Current Year Earnings | 9,538.57 | 0.00 | |
| Retained Earnings | 90.21 | 90.21 | |
| Total Capital and Reserves | 9,628.78 | 90.21 |
Profit and Loss
The Pimlico Foundation For the year ended 31 December 2020
| Account | 2020 |
|---|---|
| Turnover | |
| Donations | 43,894 |
| Grant income | 19,743 |
| Total Turnover | 63,637 |
| Cost of Sales | |
| Direct Expenses | 512 |
| Direct Wages | 19,356 |
| Total Cost of Sales | 19,868 |
| Gross Profit | 43,769 |
| Administrative Costs | |
|---|---|
| Advertising& Marketing | 288 |
| Broadband,Light,Heating | 37 |
| Entertainment-100% business | 35 |
| Event costs | 690 |
| Food Expenses | 276 |
| Foodprogramme | 8 |
| Foodpurchases | 131 |
| General Expenses | 241 |
| HolidayClub | 2,948 |
| Hot Chocolate | 223 |
| Insurance | 989 |
| IT Software and Consumables | 167 |
| Mentoring | 30 |
| MessyChurch | 1,532 |
| Postage,Freight & Courier | 47 |
| Printing& Stationery | 140 |
| Rent | 5,361 |
| Salaries | 19,486 |
| Staff Training | 43 |
| Subscriptions | 872 |
| Telephone & Internet | 467 |
| Travel - National | 195 |
| Youth DropIn | 24 |
| Total Administrative Costs | 34,230 |
| Operating Profit | 9,539 |
| Profit on Ordinary Activities Before Ta | 9,539 |
| Profit after Taxation | 9,539 |
| Profit after Taxation | 0.00 |