|||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)| ## ## ##