| Reference and Administrative | Details | Details | |
|---|---|---|---|
| Co-Chairs' Report | |||
| ~ Our Finances |
|||
| Who We Are | |||
| Trustees Report | |||
| ~ Trustees Responsibilities |
|||
| 12 | ~ Statement ofTrustees' |
Responsibilities | |
| 12 | ~ Statement ofdisclosure |
to our auditors | |
| 13 | Independent Auditors' Report |
||
| 17 | Statement of Financial Activities | ||
| 18 | Balance sheet | ||
| 20 | Notes to the Accounts | ||
| 33 | Prior Year Statement ofFinancial | Activities |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||
| Note | ||||||
| Income and Endowments | from: | |||||
| Donations and legacies |
76,981 | 2,425,000 | 2,501,981 | 760,210 | ||
| Other trading activities | 208,333 | 208,333 | 83,333 | |||
| Investment income |
158 | 158 | 205 | |||
| Total Income | 285,472 | 2,425,000 | 2,710,472 | 843,748 | ||
| Expenditure on: |
||||||
| Charitable activities |
(67,802) | (2,383,458) | (2,451,260) | (1,228,045) | ||
| Raising funds | (283,225) | (283,225) | (177,212) | |||
| Costs oftrading activities |
(114,593) | (114,593) | (104,522) | |||
| Total Expenditure | (465,620) | (2,383,458) | (2,849,078) | (1/09,779) | ||
| Net (expenditure)/income | (180,148) | 41,542 | (138,606) | (666,031) | ||
| Net movement in funds |
(180,148) | 41,542 | (138,606) | (666)031) | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
1,804,683 | 194,13S | 1,998,821 | 2,664,851 | ||
| Total funds carried forward | 18 | 1,624,535 | 235,680 | 1,860,215 | 1/98,820 |
| Consolidat | ed Ba |
lance Sheet as a | t 31March 2022 | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | ||||||
| Current assets |
||||||
| Debtors | 15 | 1,005,730 | 10,038 | |||
| Cash at bank | and in hand | 14 | 2,379,962 | 2,547,475 | ||
| 3@85,692 | 2,557,513 | |||||
| Creditors: Amounts | falling due within | one year | 16 | ((,525,477) | ~(553,693 | |
| Net assets | 1,860/15 | 1,998,820 | ||||
| Funds ofthe | group: | |||||
| Restricted funds | 235,680 | 194,138 | ||||
| Unrestricted | income | funds | ||||
| Unrestricted | funds | 1,624&535 | 1,804,6S2 | |||
| Total funds | 18 | 1&860&215 | 1,998,S20 |
| Balance S | heet as | at 31March 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Investments | ||||||
| Current assets |
||||||
| Debtors | 15 | 1,081,538 | 61,984 | |||
| Cash at bank | and in hand | 14 | 2,379,962 | 2,547,475 | ||
| 3,461,500 | 2,609,459 | |||||
| Creditors: Amounts | falling due within one year | 16 | (1,593,882) | (589,451) | ||
| Net current | assets | 1,867,618 | 2,020,008 | |||
| Net assets | 1,867,619 | 2,020,009 | ||||
| Funds ofthe | charity: | |||||
| Restricted funds | 235,680 | 194,138 | ||||
| Unrestricted | income | funds | ||||
| Unrestricted | funds | 1,631,939 | 1,825,871 | |||
| ' | Total funds | 18 | 1,867,619 | 2,020,009 | ||
| Authorised for issue on ~$%..23 |
||||||
| and signed on eir behalf by: |
| Consolidated Statement ofCash Flows for th |
e Year Ended 3l Ma | rch 2022 | |
|---|---|---|---|
| 2022 | 2021 | ||
| Note | |||
| Cash flows from operating activities |
|||
| Net cash flows Born operating activities |
20 | (167,671) | 779,538 |
| Cash flows from investing activities |
|||
| Interest receivable and similar income |
158 | 205 | |
| Cash flows from financing activities |
|||
| Repayment ofloans and borrowings | 16 | (1,000,000) | |
| Net decrease in cash and cash equivalents | (167,513) | (220,257) | |
| Cash and cash equivalents at 1 April |
2+47,475 | 2,767,732 | |
| Cash and cash equivalents at 31March |
2,379/62 | 2,547,475 |
| Statement ofCash Flows for the Year Ended | 31March 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | ||||
| Cash flows from operating activities |
||||
| Net cash flows f'rom operating activities |
20 | - (167,671) | 779,538 | |
| Cash flows from investing activities |
||||
| Interest receivable and similar income |
158 | 205 | ||
| Short-term investments |
||||
| Net cash flows from investing activities |
158 | 205 | ||
| Cash flows from financing activities |
||||
| Repayment ofloans and borrowings | 16 | (1,000,000) | ||
| Net decrease in cash and cash equivalents | (167,513) | (220,257) | ||
| Cash and cash equivalents at 1 April |
2,547,475 | 2,767,732 | ||
| Cash and cash equivalents at 31March |
2,379,962 | 2/47, | 475 |
| Unrestricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | |||||||||
| Restricted | Total | Total | |||||||
| General | funds | 2022 | 2021 | ||||||
| Donations | 165 | 165 | 219 | ||||||
| Grants | 2,425,000 | 2,425,000 | 700,000 | ||||||
| Donated services | and facilities | 76,816 | 76,816 | 59,991 | |||||
| 76,981 | 2,425,000 | 2,501,981 | 760,210 | ||||||
| 4 | Income | from | other trading activities | ||||||
| Unrestricted | |||||||||
| funds | |||||||||
| Total | ' Total | ||||||||
| General | 2022 | 2021 | |||||||
| Sponsorship | income | 208,333 | 208,333 | 83,333 | |||||
| 208,333 | 20&,333 | 83,333 | |||||||
| 5 | Investment | income | |||||||
| Unrestricted | |||||||||
| funds | |||||||||
| Total | Total | ||||||||
| General | 2022 | 2021 | |||||||
| Interest receivable | and similar income; | ||||||||
| Interest receivable on bank deposits. | 158 | 158 | 205 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |
| project grants | 2,149,018 | 2,149,018 | 823,073 | |
| Project delivery costs | 15,504 | 15,504 | 7,244 | |
| project management | 36,600 | 36,600 | 40,000 | |
| Project evaluation | 20,683 | 20,683 | 25,042 | |
| Support and Gov'nce | 67,802 | 161,653 | 229,455 | 332,686 |
| 67,802 | 2,383,458 | 2,451,260 | 1,228,045 | |
| 2021 | 2021 | Total | Total | |
| Unrestricted | Restricted | 2022 | 2021 | |
| Salaries, wages and related costs | 9,038 | 82,513 | 91,551 | 125,404 |
| General office costs | 14,946 | 4,993 | 19,939 | 12,826 |
| Governance costs |
2337 | 3,570 | 5,907 | 118,673 |
| Freelance costs | 70,577 | 70,577 | 25,076 | |
| Donations in kind |
41,481 | 41,481 | 50,077 | |
| 67,802 | 161,653 | 229,455 | 332,056 |
| Analysis ofcosts | on raising funds | ||||
|---|---|---|---|---|---|
| Cost ofraising | Total | Cost ofraising | Total | ||
| funds | Other costs | 2022 | funds | 2021 | |
| Salaries, | |||||
| wages and | |||||
| related costs | 117,858 | 117,858 | 108,452 | 108,452 | |
| General office | |||||
| costs | 21,272 | 21,272 | 32,164 | 32,164 | |
| Freelance and | |||||
| consultancy | |||||
| costs | 69,433 | 69,433 | 16,562 | 16,562 | |
| Support and | |||||
| governance | |||||
| costs | 39,326 | 39,326 | 10,120 | 10,120 | |
| Donation in |
|||||
| kind | 35,335 | 35,335 | 9,914 | 9,914 | |
| 283,224 | 283,224 | 177,212 | 177,212 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Total | Total | |||||
| General | 2022 | 2021 | ||||
| Note | ||||||
| Trading | subsidiary | costs | 114,593 | 114,593 | 104,522 | |
| 114,593 | 114,593 | 104,522 |
| 8 Net incoming/outgoing |
8 Net incoming/outgoing |
resources | ||
|---|---|---|---|---|
| Net incoming/outgoing | resources for the year include: | |||
| 2022 | 2021 | |||
| Group | ||||
| Staff pensions | 12,312 | 11,355 | ||
| Trustee expenses | 57 | 85 | ||
| Audit fees | 22,300 | 9,600 | ||
| Non audit fees | 2,667 | |||
| Legal and professional | fees | 5,303 | 21,210 | |
| 39,972 | 44,917 | |||
| Net incoming/outgoing | resources for the year include: | |||
| 2022 | 2021 | |||
| Charity | ||||
| Staff pensions | 12,312 | 11,355 | ||
| Trustees expenses | 57 | 85 | ||
| Audit fees | 22,300 | 9,600 | ||
| Non-audit fees |
2,667 | |||
| Legal and professional | fees | 5,303 | 21,210 | |
| 39,972 | 44,917 |
| 2022 | 2021 | ||
|---|---|---|---|
| Staffcosts during | the year were: | ||
| Wages and salaries | 271,156 | 250,726 | |
| Social security costs | 26,653 | 24,210 | |
| Pension costs | 12,312 | 11,355 | |
| Other staff costs | 4,621 | 1,419 | |
| Freelance | 114,563 | 135,234 | |
| 429,305 | 422,944 |
| 2022 | 2021 |
|---|---|
| No | No |
| 2022 | 2021 |
|---|---|
| No | No |
| Programme | delivery |
|---|---|
| Fundraising | |
| Administrative |
| b) Futurelondon Ent |
erprises Limited (FLE) |
|||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Donation- | Donation- | |||
| in-kind | Expenditure | in-kind | Expenditure | |
| Group | ||||
| LLDC | 76,816 | 76,816 | 59,991 | 59,991 |
| 2022 | Donation- | ||||
|---|---|---|---|---|---|
| Income | in-kind | Expenditure | Debtor | ||
| Charity | |||||
| LLDC | 76,816 | 76,816 | |||
| FLE | 173,159 | 6,295 | |||
| 173,159 | 76,816 | 76,816 | 6,295 |
| 2021 | Donation- | ||||
|---|---|---|---|---|---|
| Income | in-kind | Expenditure | Dehtor | ||
| Charity | |||||
| LLDC | 59,991 | 59,991 | |||
| FLE | 51,947 | 5,537 | |||
| 51,947 | 59,991 | 59,991 | 5,537 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Other fees to auditors | ||||
| The auditing ofaccounts ofany associate ofthe charity | 22,300 | 9,600 | ||
| All other non-audit services |
2,667 | |||
| 22,300 | 12,267 | |||
| 12 Taxation | ||||
| Tax charged/(credited) | in the statement offinancial | activities | ||
| 2022 | 2021 |
| Group | Charity | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Cash at bank | 2,379,962 | 2,547,475 | 2,379,962 | 2,547,475 |
| 15 Debtors | ||||
| Group | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |
| Trade debtors | 745,082 | 820,891 | 51,947 | |
| Prepayments | 10,648 | 10,037 | 10,647 | 10,037 |
| Accrued income | 250,000 | 250,000 | ||
| Other debtors | 1 | |||
| 1,005,731 | 10,038 | 1,081,538 | 61,984 | |
| 16 Creditors: amounts | falling due within one year | |||
| Group | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |
| Trade creditors | 224,054 | 146,899 | 224,054 | 142,960 |
| Accruals | 1,094,582 | 390,296 | 1,091,283 | 387,097 |
| Taxation and pensions | 6,841 | 21,498 | 9,031 | 12,983 |
| Other creditors | 69,514 | 46,411 | ||
| Deferred income | 200,000 | 200,000 | ||
| 1,525,477 | 558,693 | 1,593,882 | 589,451 |
| Deferred | income | ||
|---|---|---|---|
| 2022 | |||
| Group | |||
| Resources | deferred | in the period | 200,000 |
| Deferred | income at | 31March 2022 | 200,000 |
| 2022 | |||
| Charity | |||
| Resources | deferred | in the period | 200,000 |
| Deferred | income at | 31March 2022 | 200,000 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Creditors | (1,525,477) | (558,693) | (1,593,882) | (589,450) |
| Debtors | 1,005,731 | 10,038 | 1,081,538 | 61,984 |
| Cash | 2,379,962 | 2,547,475 | 2,379,962 | 2,547,475 |
| 1,860,216 | 1,998,820 | 1,867,618 | 2,020,009 |
| Group | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at31 | |||
| April 2021 | resources | expended | March 2022 | |||
| General | ||||||
| General Funds | 1,654,682 | 285,472 | (465,620) | 1,474,534 | ||
| Designated | ||||||
| Designated | Funds | 150,000 | 150,000 | |||
| Total unrestricted | funds | 1,804,682 | 285,472 | (465,620) | 1,624,534 | |
| Restricted funds | ||||||
| Restricted | Funds | 194,138 | 2,425,000 | ~02,383,458 | 235,680 | |
| Total funds | 1,998,820 | 2,710,472 | (2,849,078) | 1,860,214 | ||
| Balance at 1 | Incoming | Resources | Balance at31 | |||
| April 2020 | resources | expended | March 2021 | |||
| General | ||||||
| General Funds | 1,962,348 | 143,748 | (451,414) | 1,654,682 | ||
| Designated | ||||||
| Designated | Funds | 150,000 | 150,000 | |||
| Total unrestricted | funds | 2,112,348 | 143,748 | (451,414) | 1,804,682 | |
| Restricted funds | ||||||
| Restricted | Funds | 552,503 | 700,000 | ~3,058,365) | 194,138 | |
| Total funds | 2,664,851 | 843,748 | (1,509,779) | 1,998,820 |
| Charity | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at31 | |||
| April 2021 | resources | expended | March 2022 | |||
| General | ||||||
| General funds | 1,675,871 | 157,095 | (351,027) | 1,481,939 | ||
| Designated | ||||||
| Designated funds |
150,000 | 150,000 | ||||
| Total Unrestricted | funds | 1,825,871 | 157,095 | (351,027) | 1,631,939 | |
| Restricted funds | ||||||
| Westfield Stratford City |
81,414 | 2,193,203 | (2,205,910) | 68,707 | ||
| City ofLondon | 112,724 | 325,000 | (270,751) | 166,973 | ||
| Total restricted | funds | 194,138 | 2,518,203 | (2,476,661) | 235,680 | |
| Total funds | 2,020,009 | 2,675,298 | (2,827,688) | 1,867,619 | ||
| Balance at 1 | Incoming | Resources | Balance at31 | |||
| April 2020 | resources | expended | March 2021 | |||
| General | ||||||
| General funds | 1,962,348 | 60,415 | (346,892) | 1,675,871 | ||
| Designated | ||||||
| Designated funds |
150,000 | 150.000 | ||||
| Total unrestricted | funds | 2,112,348 | 60,415 | (346,892) | 1,825,871 | |
| Restricted funds | ||||||
| Westfield Stratford City |
429,746 | 501,947 | (850,279) | 81,414 | ||
| City ofLondon | 122,757 | 250,000 | (260,033) | 112,724 | ||
| Total restricted | funds | 552,503 | 751,947 | (1,110,312) | 194,138 | |
| Total funds | 2,664,851 | 812,362 | ~3,457,204 | 2,020,009 |
| Group | |||
|---|---|---|---|
| Restricted | |||
| General | funds | Total funds | |
| 2022 | |||
| Cash at bank and in hand | 959,438 | 1,420,524 | 2,379,962 |
| C(nYent assets/(liabilities) | |||
| Total net assets | 857,948 | 1,002,267 | 1,860,215 |
| Restricted | |||
| General | funds | Total funds | |
| 2021 | |||
| Cash at bank and in hand | 2,353,337 | 194,138 | 2,547,475 |
| Current assets/(liabilities) | |||
| Total net assets | 2,229,119 | ~(230,298 | 1,998,821 |
| Charity | ||||
|---|---|---|---|---|
| Restricted | ||||
| General | funds | Total funds | ||
| 2022 | ||||
| Cash at Current |
bank and in hand assets/(liabilities) |
959,438 (94,0873 |
1,420,524 ~(418,257 |
2,379,962 ~(512,344 |
| Total net assets | 865,351 | 1,002,267 | 1,867,618 | |
| Restricted | ||||
| General | funds | Total funds | ||
| 2021 | ||||
| Cash at | bank and in hand | 2,353,337 | 194,138 | 2,547,475 |
| Current | assets/(liabilities) | (103,031) | (424,436) | (527,467) |
| Total net assets | 2,250,306 | (230,298) | 2,020,008 |
| 20Reconci | liation | ofnet mo | v | ements in funds to net ca |
sh flow from operating | activities | |
|---|---|---|---|---|---|---|---|
| Consolidated | |||||||
| 2022 | 2021 | ||||||
| Cash flows | from operating | activities | |||||
| Net cash expenditure | (138,604) | (666,030) | |||||
| Investment | income | 5 | (158) | (205) | |||
| (Increase)/decrease | in debtors | 15 | (995,693) | 962,734 | |||
| Increase in | creditors | 16 | 966,784 | 483,039 | |||
| Net cash flows fiom | operating | activities | 167,671) | 779,538 | |||
| Charity | |||||||
| 2022 | 2021 | ||||||
| Note | |||||||
| Cash flows | from operating | activities | |||||
| Net cash expenditure | (132,401) | (644,842) | |||||
| Investment | income | 5 | (158) | (205) | |||
| (Increase)/decrease | in debtors | 15 | (1,039,543) | 957,197 | |||
| Increase in | creditors | 16 | 804,431 | 467,388 | |||
| Increase in | deferred | income | 200,000 | ||||
| Net cash flows &om | operating | activities | 167,671) | 779,538 |
| 21Prior year comparison | ofSOFA for the year ended 31 | March 2021 | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | 2021 | ||
| Income and Endowments | from: | |||
| Donations and legacies |
60,210 | 700,000 | 760,210 | |
| Other trading activities | 83,333 | 83,333 | ||
| Investment income |
205 | 205 | ||
| Total Income | 143,748 | 700,000 | 843,748 | |
| Expenditure on: |
||||
| Charitable activities |
(169,680) | (1,058,365) | (1,228,045) | |
| Raising funds Costs oftrading activities |
(177,212) ~(104,522 |
(177,212) (104,522 |
||
| Total Expenditure | (451,414) | (1,058,365 | (1,509,779 | |
| Net expenditure | (307,666) | (358,365) | (666,031 | |
| Net movement in funds |
(307,666) | (358,365) | (666,031) | |
| Reconciliation offunds |
||||
| Total funds brought forward | 2,112,348 | 552,503 | 2,664,851 | |
| Total funds carried forward | 18 | 1,804,682 | 194,138 | 1,998,820 |