| Page | ||||
|---|---|---|---|---|
| Legal and administrative | information | |||
| Report ofthe Trustees | 2 to 19 | |||
| Independent Examiner's |
Report | 20 | ||
| Statement of Financial |
Activities | 21 | ||
| Balance Sheet | 22 | |||
| Cash Flow Statement | 23 | |||
| Notes to the Financial Statements | 24 to 36 | |||
| Detailed Statement of Financial |
Activities | 37 to 38 | ||
| (These pages do not form part | of the statutory | accounts) |
| The Trustees serving dunng th |
e year and to the da |
|---|---|
| Trustees | |
| Nigel Gooding CBE | —Chair |
| Richard Wragg | - Vice Chair |
| Alexey (Asher) Persits | —Treasurer |
| Frances Cullen | —Trustee |
| Kieren Exley | -Trustee |
| Jamie Henderson | - Trustee |
| Ketan Jade)a | —Trustee |
| Dhruvin Patel |
—Trustee |
| Swarna Pillai |
-Trustee |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | |||||
| Notes | 6 | f | |||||
| INCOMING AND ENDOWMENT |
FROM: | ||||||
| Donations and Legacies |
69,987 | 69,987 | 66,081 | ||||
| Charitable activities |
49,382 | 325,207 | 374,589 | 422,173 | |||
| Other trading activities |
67,811 | 67,811 | 43,789 | ||||
| Investments | 22 | 22 | 15 | ||||
| Other Income | |||||||
| Tota I Income | 187,202 | 325,207 | 512,409 | 532,058 | |||
| EXPENDITURE ON: | |||||||
| Raising funds | 7,259 | 2,375 | 9,634 | 7,537 | |||
| Charitable activities |
317,810 | 510,003 | 15,405 | 843,218 | 557,870 | ||
| Total Expenditure | 325,069 | 512,378 | 15,405 | 852,852 | 565,407 | ||
| Operating (Deficit)/Surplus |
(137,867) | (187,171) | (15,405) | (340,443) | (33,349) | ||
| Net gains/(losses) on investments |
|||||||
| Net (expenses)/Income | (137,867) | (187,171) | (15,405) | (340,443) | (33,349) | ||
| Transfer between funds |
150,669 | 150,669 | |||||
| Net movement in funds |
(288,536) | (36,502) | (15,405) | (340,443) | (33,349) | ||
| RECONCILIATION OF FUNDS |
19/20 | ||||||
| TOTAL FUNDS BROUGHT FORWARD | 777,488 | 44,120 | 1,063,386 | 1,884,994 | 1,918,343 | ||
| TOTAL FUNDS CARRIED FORWARD | 488,952 | 7,618 | 1,047,981 | 1,544,551 | 1,884, 994 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| FIXED ASSETS Tangible assets Investments |
14 15 |
1,381,851 458 |
1,419,101 458 |
|
| 1,382,309 | 1,419,559 | |||
| CURRENT ASSETS Stock Debtors: amounts failing due within one year Cash at bank |
16 | 1,399 160,504 157,424 |
1,722 41,337 478,855 |
|
| 319,327 | 521,914 | |||
| LIABILITIES Creditors: Amounts |
falling due within one year | 17 | (157,085) | (56,479) |
| NET CURRENT ASSETS | 162,242 | 465,435 | ||
| TOTAL ASSETS | LESS CURRENT LIABILITIES | 1,544,551 | 1,884,994 | |
| NET ASSETS | 1,544,551 | 1,884, 994 | ||
| TOTAL FUNDS OF THE CHARITY Unrestricted funds Designated funds Restricted funds Endowment funds |
176,412 312,540 7,618 1,047,981 |
352,802 424,686 44,120 1,063,386 |
||
| TOTALFUNDS | 1,544,551 | 1,884, 994 |
| 2022f | 2021f | |||
|---|---|---|---|---|
| Cash flows from operating activities'. Net cash provided by operating activities |
~321,431) | 32,668 | ||
| (321,431) | 32,668 | |||
| Cash flows from investing activities |
||||
| Sale of investments Sale of fixed assets Purchase of fixed assets |
1 ~18,950 |
|||
| Cash provided by (used in) investing |
activities | (18,949) | ||
| (Decrease)/Increase in cash and cash equivalents |
in | (321,431) | 13,719 | |
| the year expended | ||||
| Cash and cash equivalents at the start ofthe year |
478,855 | 465,136 | ||
| Cash and cash equivalents at the end |
ofthe year | 157,424 | 478,855 | |
| CASH FLOW NOTES | ||||
| 2022 f |
2021 f |
|||
| Reconciliation of net movement in funds to net |
||||
| cash flow from operating activities |
||||
| Net (expenditure) income for the reporting period (as per the statement offinancial activities) |
(340,443) | (33,349) | ||
| Adjustments for: Add back depreciation charge Decrease/(increase) in stock (Increase)/Decrease in debtors Increase/(decrease) in creditors |
37,250 323 (119,167) 100,606 |
39,418 (36) 9,444 17,191 |
||
| Net cash used in operating activities |
~321,431) | 32,668 | ||
| 2022 f |
2021 f |
|||
| Analysis of cash and cash equivalents |
||||
| Cash and cash equivalents | 157,424 | 478,855 | ||
| Total cash and cash equivalents | 157,424 | 478,855 |
| INCOME FROM DONATIONS | INCOME FROM DONATIONS | AND LEGACIES | 2022 | 2021 |
|---|---|---|---|---|
| E | 5 | |||
| Donations Grants and Service Level Legacies, Bequests and |
fees In Memory |
19,148 49,839 1,000 |
13,242 49,839 3,000 |
|
| Salary Contribution | ||||
| 69,987 | 66,081 |
| INCOMING RESOURCES FROM CH |
ARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Grants -restricted Grants - unrestricted Grants - restricted Grants —restricted Grants - restricted Grants - restricted Grants —restricted Grants - restricted Grants - restricted Grants —restricted Service users Income —unrestncted Goods for resale - unrestricted Sundry Income —unrestricted |
Activity Seeing the Bigger Picture Core Services Children and Young People's Programme Independent Age Outreach and Progression VCF Emergency Covid-19 Delivering Differently Tech For Success CAF Resilience Lift and Basement Proiect Core Services Core Services Core Services |
6 8,927 18,963 6,020 14,870 13,989 18,608 54,993 207,800 28,705 1,714 |
f 105,967 93,834 48,990 23,643 7,204 27,887 57,850 36,570 13,349 1,066 5,813 |
| 374,589 | 422,173 | ||
| INCOME FROM TRADING ACTIVITIES | 2022 | 2021 | |
| 6 | f | ||
| Fundraising Hall hire Rent recewed |
5,080 31,987 30,744 |
12,951 4,660 26,178 |
|
| 67,811 | 43,789 |
| RAISING FUNDS | RAISING FUNDS | 2022 | 2021 |
|---|---|---|---|
| f | |||
| AGM, Marketing Direct fundraising |
costs and rebrand costs |
2,129 7,505 |
5,721 1,816 |
| 9,634 | 7,537 |
| CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|
| Direct costs | Governance | 2022 | 2021 | |
| (See note 8) | ||||
| f | Totalsf | Totalsf | ||
| Seeing the Bigger Picture Core Services Children and Young People Project Independent Age Outreach and Progression VCF Emergency Covid-19 Delivering Differently Tech For Success CAF Resikence Lift and Basement Project |
12,583 321,430 29,568 14,870 20,927 36,313 46,648 350,742 |
9,410 727 |
12,583 330,840 29,568 14,870 20,927 36,313 47,375 350,742 |
113,805 260,031 50,139 23,778 7,204 27,887 38,412 36,614 |
| 833,081 | 10,137 | 843,218 | 557,870 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Accountancy fees Health 8 Safety HR fees Independent Examiner fee Payroll fees |
4,463 1,228 3,066 990 390 |
6,100 5,541 3,065 990 390 |
|
| 10,137 | ~16 086 |
| STAFF COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| f | f | |
| Wages and salanes Social security costs Pension costs |
260,694 18,015 12,400 |
294,663 20,216 14,323 |
| 291,109 | 329,202 |
| The av | erage monthly |
n | umber of employees (including casual |
and part time staff) during the year was as follo |
ws: |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Numbers | Numbers | ||||
| Senior Other |
Management Team Direct Charitable Staff |
3 8 |
4 10 |
||
| 14 |
| TANGIBLEFIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Freehold | Other Assets | ||
| Property | Property | Totals | ||
| Unrestricted | Endowment | |||
| F | 6 | |||
| COST/VALUATION At 1 Apnl 2021 |
344,581 | 1,155,419 | 162,047 | 1,662,047 |
| Additions | ||||
| Disposal | ||||
| At 31 March 2022 | 344,581 | 1,155,419 | 162,047 | 1 662 047 |
| DEPRECIATION At 1 April 2021 Charge for year |
27,446 4,595 |
92,033 15,405 |
123,467 17,250 |
242,946 37,250 |
| Eliminated on disposal |
||||
| At 31 March 2022 | 32,041 | 107,438 | 140,717 | 280,196 |
| NET BOOK VALUE At 31 March 2022 |
312,540 | 1,047,981 | 21,330 | 1,381,851 |
| At 31 March 2021 | 317,135 | 1,063,386 | 38,580 | 1,419,101 |
| ASSETINVESTMENTS | ||
|---|---|---|
| FIXED | f | E |
| Listed | Totals | |
| Investments | ||
| MARKET VALUE At 1 April 2021 |
458 | 458 |
| Additions | ||
| Disposals | ||
| Revaluation | ||
| At 31 March 2022 | 458 | 458 |
| DEBTORS: AMOUNTS F |
AL | LING DUE WITHIN ON | E YE | AR | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f | |||||||
| Other debtors Accrued income |
130,704 29,800 |
11,537 29,800 |
|||||
| 160,504 | 41,337 | ||||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN | ONE YEAR | |||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Trade creditors Deferred income Tax and soma l security Other creditors and accrued |
expenses | 14,166 56,240 4,466 82,213 |
5,819 44,014 6,646 |
||||
| 157,085 | 56,479 | ||||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||||
| Current year information | for | the net assets between | funds | ||||
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| Funds f |
Funds f |
Funds f |
Funds f |
Funds f |
|||
| Fixed assets Investments Current assets Current liabilities |
333,870 458 178,036 ~23,41 |
141,291 ~133,673) |
1,047,981 | 1,381,851 458 319,327 ~157,085 |
1,419,101 458 521,914 ~56,479 |
||
| 488,952 | 7,618 | 1,047,981 | 1,544,551 | 1,884,994 | |||
| Comparative year information for the net assets between |
funds | 2021 | 2020 | ||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| Funds f |
Funds f |
Funds f |
Funds f |
Funds f |
|||
| Fixed assets Investments Current assets Current liabilities |
352,821 458 434,987 ~10,778 |
2,894 86,927 ~45,701) |
1,063,386 | 1,419,101 458 521,914 ~56,479 |
1,439,570 458 517,603 ~39,288 |
||
| 777,488 | ~44 120 | 1,063,386 | ~1,884 994 | 1,918,343 |
| 19. | MOVEMENT IN FUNDS —Current |
Year | Net movement | Transfers | Transfers | ||
|---|---|---|---|---|---|---|---|
| At 1/4/21 5 |
in funds 6 |
between | funds f |
At 31/3/22 6 |
|||
| Unrestricted funds General fund —Free reserves |
352,802 | (133,272) | (43,118) | 176,412 | |||
| Designated funds Designated fund —Freehold building Designated fund —Lifl project |
317,135 107,551 |
(4,595) | (107,551) | 312,540 | |||
| 777,488 | (137,867) | (150,669) | 488,952 | ||||
| Restricted funds | |||||||
| Children and Young People's Project Croydon Relief in Need - Outreach Project BIG Lottery - Seeing the Bigger Picture Big Lottery —Tech For Success CAF Resilience |
23,548 1,836 3,656 15,080 |
(23,548) (6,938) (3,656) (17,705) 7,618 |
5,102 2,625 |
7,618 | |||
| Independent Age Lift and Basement Protect |
(142,942) | 142,942 | |||||
| 44,120 | (187,171) | 150,669 | 7,618 | ||||
| Endowment funds Freehold Building |
~1063,386 | ~15,405) | 1,047,981 | ||||
| 1,063,386 | (15,405) | 1,047,981 | |||||
| TOTAL FUNDS | 1,884,994 | (340,443) | 1,544,551 | ||||
| Net movement in funds for the current year are |
as follows: Income |
Expenses | Movement in funds |
||||
| f | |||||||
| Unrestricted funds General fund |
187,202 | (325,069) | (137,867) | ||||
| Designated fund —Lift project |
|||||||
| 187,202 | (325,069) | (137,867) | |||||
| Restricted funds Children and Young People's Proiect Croydon Relief in Need —Outreach Project BIG Lottery —Seeing the Bigger Picture Big Lottery - Tech For Success CAF Resilience |
6,020 13,989 8,927 18,608 54,993 |
(29,568) (20,927) (12,583) (36,313) (47,375) |
(23,548) (6,938) (3,656) (17,705) 7,618 |
||||
| Independent Age Lift and Basement Project |
14,870 207,800 |
(14,870) (350,742) |
~142,942) | ||||
| 325,207 | (512,378) | (187,171) | |||||
| Endowment funds Freehold Building |
~15,405) | ~15,405) | |||||
| ~15,405) | ~15,405) | ||||||
| TOTAL FUNDS | 512,409 | (852,852) | ~340,443) |
| Comparative year information: |
Net movement | Transfers | Transfers | |||
|---|---|---|---|---|---|---|
| At 1/4/20 f |
in funds f |
between | funds f |
At 31/3/21 f |
||
| Unrestricted funds |
||||||
| General fund —Free reserves |
205,602 | (18,927) | 166,127 | 352,802 | ||
| Designated funds Designated fund —Freehold building Designated fund —Minibus Designated fund —Lift pro/ect |
321,729 50,000 107,551 |
(4,594) | (50,000) | 317,135 107,551 |
||
| 684,882 | (23,521) | 116,127 | 777,488 | |||
| Restricted funds Children and Young People's Project Croydon Relief in Need - Outreach Project BIG Lottery - Seeing the Bigger Picture Seven-Seater Vehicle |
24,413 1,971 (6,1 26) 13,000 |
(1,149) (135) (8,174) |
284 17,956 (13,000) |
23,548 1,836 3,656 |
||
| Croydon Council —VCF Emergency |
Covid-19 | |||||
| London Funders - Delivenng Differently Big Lottery —Tech For Success CAF Resilience |
15,080 ~44) |
44 | 15,080 | |||
| 33,258 | 5,578 | 5,284 | 44,120 | |||
| Endowment funds Freehold Building Investment fund |
1,078,792 121,411 |
(15,406) | (121,411) | 1,063,386 | ||
| 1,200,203 | (15,406) | 1,063,386 | ||||
| TOTAL FUNDS | 1,918,343 | ~33,349) | 1,884,994 | |||
| Net movement in funds for the prior |
year are as follows | Income | Expenses | Movement in |
||
| funds | ||||||
| f | ||||||
| Unrestricted funds |
||||||
| General fund Designated fund —Freehold building |
223,947 | (242,874) ~4,594) |
(18,927) ~4,594) |
|||
| 223,947 | (247,468) | (23,521) | ||||
| Restricted funds | ||||||
| Children and Young People's Project Croydon Relief in Need - Outreach Project BIG Lottery —Seeing the Bigger Picture Croydon Council -VCF Emergency Covid-19 I ondon Funders —Delivering Differently Big Lottery —Tech For Success CAF Resilience |
48,990 23,643 105,967 7,204 27,887 57,850 36,570 |
(50,139) (23,778) (114,141) (7,204) (27,887) (42,770) ~36,614) |
(1,149) (135) (8,174) 15,080 ~44) |
|||
| 308,111 | (302,533) | 5,578 | ||||
| Endowment funds Freehold Building |
~15,406) | ~15,406) | ||||
| ~15,406) | ~15,406) | |||||
| TOTAL FUNDS | ~532 058 | (565,407) | ~33,349) |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Voluntary income Donations |
19,148 | 13,242 | ||||
| Grants and service level | contracts | 49,839 | 49,839 | |||
| Legacies, Bequests, and | in Memory | 1,000 | 3,000 | |||
| 69,987 | 66,081 | |||||
| Incoming resources Service users' income |
from | charitable | activities | 28,705 | 13,349 | |
| Grants | 344,170 | 401,945 | ||||
| Goods for resale | 1,714 | 1,066 | ||||
| Sundry income |
5,813 | |||||
| 374,589 | 422,173 | |||||
| Activities for generating Fundraising events Hall hire |
funds | 5,080 31,987 |
12,951 4,660 |
|||
| Rent received | 30,744 | 26,178 | ||||
| 67,811 | 43,789 | |||||
| Investment Income |
||||||
| Dividends | 22 | 15 | ||||
| 22 | 15 | |||||
| Other Income | ||||||
| Sundry income |
||||||
| Total incoming resources |
512,409 | 532,058 | ||||
| Fundraising costs AGM, Marketing costs and Direct fundraising costs |
rebrand | 2,129 7,505 |
5,721 1,816 |
|||
| 9,634 | 7,537 | |||||
| Charitable activities |
||||||
| Staff Salanes | 291,109 | 329,202 | ||||
| Team Training (staff and Staff Recruitment |
volunteers) | 6,787 6,976 |
10,009 89 |
|||
| Contract Staff | 16,722 | 19,619 | ||||
| Staff Travelling and Meetings Consultancy Depreciation Direct Projects expenses Flat expenses Hall expenses IT and website |
1,363 1,211 37,250 33,592 8,275 497 8,695 |
744 2,469 39,418 39,227 1,395 461 16,143 |
||||
| Office Administration | 32,787 | 25,378 | ||||
| Premises expenses Building Enhancement Lift project Volunteer expenses |
29,761 6,400 350,742 914 |
35,020 19,353 3,257 |
||||
| 833,081 | 541,784 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Governance | costs | ||||
| Accountancy | fees | 4,463 | 6,100 | ||
| Health ft Safety |
1,228 | 5,541 | |||
| HR fees | 3,066 | 3,065 | |||
| Independent | Examiner fee | 990 | 990 | ||
| Payroll fees | 390 | 390 | |||
| 10,137 | 16,086 | ||||
| Total resources | expended | 852,852 | 565,407 | ||
| Operating | (Deficit) | (340,443) | ~33,349 |