2021-12-31-accounts

		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	10
Statement of Financial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	to	21

REFERENCE AND	ADMINISTRATIVE	ADMINISTRATIVE	DETAILS
Registered Company		number
09595853 (England	and	Wales)
Registered Charity number
1164762
Registered office
First Floor, Winston	House
349 Regents Park Road
London
N3 1DH
Trustees
Mrs LSjacobs Mr Pj Mann
Mr M Z Morris
MrSj H Pack
Mrs S Kintish
Mrs P Mintz
Auditors
Melinek Fine LLP
Chartered Accountants
Statutory Auditors
First Floor, Winston	House
349 Regents Park Road
London
N3 1DH
Website
theworkavenue. org.	uk
Bankers
Barclays Bank UK PLC
1Churchill Place,
London E14 5HP

					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	9207051	1257071	170457122	1,008,998
Other trading activities		3	1807820	77819	1887639	165,553
Investment income		4	37		37	21
Total			1,100,908	1327890	172337798	1,174,572
EXPENDITURE ON
Charitable activities
Charitable activities			801,562	176,907	978,469	1,508,701
Raising funds			21,799		21,799	41,044
Other			21,671	1,126	22,797	25,338
Total			8457032	1787033	170237065	1575 083
NET INCOME/(EXPENDITURE)			2557876	(457143)	2107733	( l00 511)
RECONCILIATION OF FUNDS
Total funds brought forward			2767065	1877502	463,567	864,078
TOTAL FUNDS CARRIED FORWARD			531941	142359	674300	463 567

					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E		E	E
FIXEDASSETS
Tangible assets		12	26,861	2,252	29,113	36,921
CURRENT ASSETS
Debtors		13	857,465		857,465	85,861
Cash at bank and	in hand		253071	140107	393 178	864 348
			171107536	1407107	172507643	950209
CREDITORS
Amounts falling due within one year		14	(14,908)		(147908)	(22 719)
NET CURRENT ASSETS			1095628	140107	1235735	927 490
TOTAL ASSETS LESSCURRENT LIABILITIES			171227489	1427359	172647848	964,411
CREDITORS
Amounts falling due after more than one year		15	(590,548)		(5907548)	(500844)
NET ASSETS			531941	142359	674 300	463 567
FUNDS		17
Unrestricted funds					531,941	276,065
Restricted funds					142359	187502
TOTALFUNDS					674300	463 567

		Notes	2021 f	2021 f	2020 E
Cash flows from operating activities Cash generated from operations			~471	207)	~338800)
Net cash used in operating activities			~471	207)	~338800)
Cash flows from investing	activities
Purchase of tangible fixed assets Interest received				37	(18,000) 21
Net cash provided by/(used in) investing		activities		37	~17979)
Change in cash and cash	equivalents	in
the reporting period			(471,170)		(356,779)
Cash and cash equivalents	at the
deginning ofthe reporting	period		864348		1 221 127
Cash and cash equivalents	at the end of
the reporting period			393	178	864 348

RECONCILIATION OF NET ACTIVITIES	INCOME/(EXPEND	ITURE) TO NET CASH FL	OW FROM OPER	ATING
			2021	2020f
Net income/(expenditure)	for the reporting	period (as per the
Statement of Financial Activities)			210,733	(400,511)
Adjustments for:
Depreciation charges			7,808	10,521
Interest received			(37)	(21)
Increase in debtors			(7717604)	(50,603)
Increase in creditors			81893	101814
Net cash used in operations			~473107)	~338800)
ANALYSIS OF CHANGES IN	NET FUNDS
		At 1.1.21	Cash flow	At31.12.21
		E	E	f
Net cash
Cash at bank and in hand		864348	~471170)	393 178
		864348	~471170)	393178
Total		864348	~471 170)	393 178

				2021	2020
					E
	Donations			1,012,009	1,005,121
	Gift aid			33,113	511
	Grants				3 366
				1045122	1008998
	Grants received,	included	in the above, are as follows:
				2021	2020
				E	E
	Other grants				~3366
3.	OTHER TRADING ACTIVITIES
				2021	2020
				E	E
	Business and office services			159,134	140,278
	Training and work placement			29 505	25 275
				188639	165 553

INVESTM	ENT INCOME
					2021	2020
					E	E
Deposit account interest					37	21
CHARITABLE ACTIVITIES COSTS
			Grant
			funding	of
			activities		Support
		Direct	(see note		costs (see
		Costs	6)		note 7)	Totals
					E	E
Charitable	activities	752,685	87,479		138,305	978,469
Raising funds					21,799	21,799
Other					22 797	22 797
		752685	87479		182901	1023065

								2021 f	2020f
Charitable activities								87 479	806 407
The total grants		paid to	institutions		during	the year was as follows:
								2021 f	2020f
									305 OOD
SUPPORT COSTS
								Governance
						Finance	Other	costs	Totals
						f	f	f	f
Charitable activities							138,305		138,305
Raising funds							21,799		21,799
Other						2934	7808	12055	22 797
						2934	167912	12055	182901
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is	stated	after charging/(crediting):
								2021	2020
								f
Depreciation	- owned assets							7,808	10,521
Other operating		leases						105600	1DD 6OD
AUDITORS'	REMUNERATION
								2021	2020
									f
Fees payable	to	the charity's		auditors for		the audit ofthe charity's	financial
statements								3,600	3,600
Other non-audit		services						~3300	~3300

STAFF COSTS
								2021	2020
								E	E
Wages and salaries								477,563	405,014
Social security costs								45,448	37,344
Other pension costs								9827	7 808
								532838	460 166
The average monthly	number ofemployees			during	the year was	as follows:
								2021	2020
Staff members								14	9
The number ofemployees			whose employee	benefits	(excluding	employer	pension	costs) exceeded	f60,000 was:
								2021	2020
E80,001 —f90,000									1
TANGIBLE FIXEDASSETS
						Fixtures
						and		Computer
						fittings		equipment	Totals
						E		E
COST
At 1january 2021 and		31	December 2021			4~2849		3~9772	8~2621
DEPRECIATION
At 1january 2021						18,308		27,392	45,700
Charge for year						~3681		~4127	~7808
At 31December 2021						2~1989		3~1519	5~3508
NET BOOK VALUE
At 31December 2021						2~0860		~8253	2~9113
At 31December 2020						~24	541	~12380	~36921
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
								2021 f	2020 E
Trade debtors								21,983	19,833
Other debtors								821,940	56,855
Prepayments and accrued			income					13542	9 173
								857 465	85 861

CREDITORS: AMOU	NTS	FALLING DUE WIT	HIN ONE	YEAR
					2021	2020
					E	E
Trade creditors					4,025	626
Pension					3,983	3,418
Other creditors						11,775
Accruals and deferred	income				6900	~6900
					14908	~22 719
CREDITORS: AMOUNTS		FALLING DUE AFTER MORE		THAN ONE YEAR
					2021	2020
					E	E
Accruals and deferred	income				590548	5DD 844
LEASING AGREEMENTS
Minimum lease payments		under non-cancellable	operating	leases fall due as follows:
					2021	2020
					E
Within one year					66,000
Between one and five	years				264,000	626,367
In more than five years				2	295912	2 015441
				2	625 912	2 641 8D8

				Net
				movement	At
			At 1.1.21	in funds	31.12.21
			E	E	f
Unrestricted		funds
General fund			2767065	2557876	5317941
Restricted	funds
Restricted	funds		3,379	6,374	9,753
WAGE fund Bursary fund			125,000 59123	(34,482) ~27035)	90,518 42 088
			187502	~45 143)	142359
TOTAL FUNDS			463 567	210 733	674300

						Incoming	Resources	Movement
						resources f	expended f	in funds
Unrestricted	funds
General fund						171007908	(8457032)	2557876
Restricted	funds
Restricted funds WAGE fund Bursary fund						7,500 57,818 67572	(17126) (927300) ~84607)	67374 (347482) ~17035)
						132890	~178033	~45 143)
TOTAL FUNDS						1233798	~3023065)	210 733
Comparatives		for movement		in funds
							Net
							movement	At
						At 1.1.20	in funds	31.12.20
						f	f	f
Unrestricted	funds
General fund						859,433	(583,368)	276,065
Restricted funds
Restricted funds						4,645	(1,266)	3,379
WAGE fund							125,000	125,000
Bursary fund							59 123	59 123
						4 645	182857	187 502
TOTAL FUNDS						864 078	{400511)	463 567
Comparative	net	movement	in	funds,	included	in the above are as follows:
						Incoming	Resources	Movement
						resources f	expended f	in funds f
Unrestricted	funds
General fund						561,614	(1,144,982)	(583,368)
Restricted funds
Restricted funds						426,151	(427,417)	(1,266)
WAGE fund Bursary fund						125,000 61807	~2684)	125,000 59 123
						612 958	~430 1D1)	182 857
TOTAL FUNDS						1174 572	~1 575 D83)	~400 511)