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2022-03-31-accounts

Charity registration number 1167151

BEXLEY SNAP

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

BEXLEY SNAP

LEGAL AND ADMINISTRATIVE INFORMATION

Patron Steve Backley OBE
Trustees R Hambrook
J Tolliday
W Jenchner
M White-Peart
S Jones (Appointed 14 July 2021)
K Horry (Appointed 14 July 2021)
E Bardrick (Appointed 8 June 2022)
V Buckley (Appointed 28 November
2022)
Charity number 1167151
Principal address Normandy Children's Centre
Fairford Avenue
Barnehurst
Kent
DA7 6QP
Independent examiner Darren Harding ACA FCCA DChA
Alexandra Durrant
10A-12A High Street
East Grinstead
West Sussex
RH19 3AW
Bankers National Westminster Bank plc
Bexleyheath Shopping Centre
1 Townley Road
Bexleyheath
DA6 7JG
CAF Bank
25 Kings Hills Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
CCLA Investment Management Ltd
85 Queen Victoria Street
London
EC4V 4ET

BEXLEY SNAP

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 24

BEXLEY SNAP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Bexley SNAP has the vision that disabled children have choices and a right to a fulfilling life.

To achieve this, we offer a variety of different clubs for disabled children and young people, while reducing the isolation and frustration experienced by their families.

We do this by:

We are committed to the following values:

The Trustees have have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The Trustees believe the objectives and aims set out above fulfil the public benefit requirements set out in the guidance published by the Commission.

Achievements and performance

We welcomed the ability to reopen our services fully following the Covid-19 pandemic, mindful of the concerns some of our members felt with face to face involvement. We offered zoom participation, meets and walks with our Mentor Dog or additional support in other ways to ease the process of re-engaging in person.

Our Let’s Talk project through Bexley Local Care Partnership, enabled discussions with present and new to our service disabled young adult members to further understand concerns around changing restrictions and vaccinations, to share experiences and to produce social stories to help others understanding.

Bexley CCG (Clinical Commissioning Group) funding provided us the opportunity to deliver a variety of support services to reengage children and young people after Covid-19. We identified a range of options suitable including Rebound Therapy (run by our trainers), Dog Therapy, horse riding lessons and we launched two new clubs; Sparkles weekly after school club including transport from SEN School to our centre and the fortnightly My Space Youth Club.

Following the success of horse riding through the CCG, Apex Lifts sponsored a further 3 free horse riding lessons at Mount Mascals, for 12 children.

Places at commissioned services through the London Borough of Bexley were in high demand. Holiday schemes and Little Explorers Saturday clubs full with waiting lists. 3,143 short break hours delivered to 91 different children.

page 1

BEXLEY SNAP

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Additional funding through the Bexley HAF (Holiday Activities and Food) programme enabled us to deliver further holiday scheme provision for a few days during the Easter and summer holidays to disabled children eligible for free school meals.

The Early Years programme adapts to the needs of the families in attendance and the team is complemented by regular volunteer support. Days out or sessions in the centre are offered during school holidays for the wider family unit where possible, which has been well received.

Members vote for peers through the Jack Petchey Achievement Awards scheme which recognises young people for their positive contribution/support of others or personal achievement within youth groups aged 11-25 years. The associated funding compliments youth group activities and provide additional equipment or trips out chosen by the nominee.

Following cancellations throughout the pandemic, we were delighted to finally attend the PGL Activity Centre in Oct 2021. Support from the Royal Warrant Holders Association provided 11 places for young people with 3 Snap Staff supporting on a 2 night residential weekend in East Sussex. The weekend created incredible memories for all who attended, with most young people never having stayed overnight anywhere without a family member. All overcome personal difficulties to take part in new experiences.

Other youth groups offered this year were Vibe, YAC and Empire all with different age group and intended outcomes for young people to achieve. Activity choice is led by members and encompass a wider offer to cover everyone’s preferences.

12 volunteers gave their time over the course of the year to support us with governance, office administration, running activities with children or decoration and maintenance of the centre and our facilities.

Snap’s Board of Trustees continue to provide strategic support and direction and are looking to expand expertise within Finance, Marketing and Fundraising.

Financial review

The results for the year are shown in the Statement of Financial Activities. They show a deficit of £3,252 (2021: £5,654).

Reserves policy

At 31st March 2022 the charity’s reserves were £183,396 (2021: £186,648)

The trustees have adopted a policy that the charity should hold three months’ expenditure in uncommitted reserves to provide adequate working capital and the resources to fund an orderly close should it become necessary. At 31st March 2022 uncommitted reserves, excluding fixed assets of £65,048 (2021: £59,290), represented approximately 3.6 (2021: 3.7) months’ expenditure.

As part of their duties the Trustees has have considered the risks to Bexley Snap's stability and ability to continue its work. The Trustees have done this by identifying and analysing risks by severity of risk and the likelihood of it happening and agreed action to manage these risks.

As part of their duties the Trustees have considered the risks to Bexley Snap’s stability and ability to continue its work. The Trustees have done this by identifying and analysing risks by severity of risk and the likelihood of it happening and agreed action to manage these risks. COVID 19 has had a direct impact on the delivery of our services post March 2020 and the level of parent contributions and fundraising income as a result. However, some expenditure levels for projects have decreased proportionately and the charity have successfully applied for COVID 19 related funding. The Director has worked closely with the London Borough of Bexley to ensure the continued safe delivery of essential support to those identified as most vulnerable and the charity has adapted to the pandemic with alternative and creative support methods where possible – online support and toy library for example. There is a robust risk assessment in place for minimising risks related to staff availability and the spread of COVID 19 amongst the team and beneficiaries. PPE supplies are enough for demand.

Structure, governance and management

The charity is governed by its Constitution, which was adopted when the charity was registered as a Charitable Incorporated Organisation (CIO) on 17th May 2016.

page 2

BEXLEY SNAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees who served during the year and up to the date of signature of the financial statements were: E Brazil (Resigned 23 September 2021) J Ratcliff (Resigned 9 February 2022) R Hambrook J Tolliday W Jenchner M White-Peart S Jones (Appointed 14 July 2021) K Horry (Appointed 14 July 2021) E Bardrick (Appointed 8 June 2022) V Buckley (Appointed 28 November 2022)

Management

The management of the charity is the responsibility of the Trustees, who are elected under the terms of the Constitution. The Trustees delegate the day to day management of the charity and its operations to the Director.

Related parties

We have achieved success through our partnerships with Woodside Academy, Endeavour Academy, Normandy Primary School, Normandy SEND Hub, London Youth, London Sport, Apex Lifts, the London Borough of Bexley, Bexley Voluntary Service Council and The Lord Hill (formerly The Albert Pub).

The Trustees' report was approved by the Board of Trustees.

�u t!.P.![,Q� E Bardrick

page 3

BEXLEY SNAP

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BEXLEY SNAP

I report to the Trustees on my examination of the financial statements of Bexley SNAP (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. 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

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Alexandra Durrant 10A-12A High Street East Grinstead West Sussex RH19 3AW

Dated: .........................23/02/2023

page 4

BEXLEY SNAP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
141,868
34,238
Parental contributions
4
31,101
3,189
Fundraising events
5
2,097
-
Investment income
6
56
-
Total income
175,122
37,427
Expenditure on:
Raising funds
7
9,496
-
Charitable activities
8
159,226
47,079
Total resources expended
168,722
47,079
Gross transfers between
funds
-
-
Net income/(expenditure) for the
year/
Net movement in funds
6,400
(9,652)
Fund balances at 1 April
2021
129,749
56,899
Fund balances at 31 March
2022
136,149
47,247		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
176,106
149,261
24,691
34,290
13,616
-
2,097
-
-
56
132
-
212,549
163,009
24,691
9,496
15,755
134
206,305
145,952
31,513
215,801
161,707
31,647
-
600
(600)
(3,252)
1,902
(7,556)
186,648
127,847
64,455
183,396
129,749
56,899		 Total
2021
£
173,952
13,616
-
132
187,700
15,889
177,465
193,354
-
(5,654)
192,302
186,648

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

page 5

BEXLEY SNAP

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Intangible assets
12
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
18
Unrestricted funds
Designated funds
19
General unrestricted funds		 2022
£
37,871
149,566
187,437
(42,431)
64,926
71,223		 £
400
37,990
38,390
145,006
183,396
47,247
136,149
183,396		 2021
£
3,978
157,647
161,625
(22,448)
64,926
64,823		 £
600
46,871
47,471
139,177
186,648
56,899
129,749
186,648

E Bardrick Trustee

page 6

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Bexley Snap is a charitable incorporated organisation registered on 17 May 2016. The trustees, who are also members of the Management Committee, are named in the Trustees' Annual Report.

The charity constitutes a public benefit entity as defined by FRS 102.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise unrestricted funds which have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

page 7

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Intangible income which represents donated goods and services is included at the value to the charity only where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Revenue grants are recognised in full in the Statement of Financial Activities on the earlier of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are deferred to that period.

Grants for capital purchases are credited to restricted income when received. Depreciation of fixed assets purchased with such grants is charged against the restricted fund, or against a designated equipment fund, where acquisition of the asset has satisfied the donor's intentions. Where a fixed asset is donated to the charity for its own use, it is treated in a similar way to a restricted grant.

Investment income, including interest, is credited to income in the year in which it is receivable.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Expenditure on raising funds comprises those costs incurred in seeking voluntary contributions and do not include the cost of disseminating information in support of the charitable activities.

Governance costs are those costs incurred in connection with enabling the charity to comply with external regulation, constitutional and statutory requirements and in providing support to the trustees in the discharge of their statutory duties.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. Support costs are allocated to Fundraising, Governance and Charitable Activities on the basis of effort expended by management and administrative staff on these activities.

The charity is not registered for VAT. Expenditure includes attributable VAT which cannot be recovered.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website

3 years

page 8

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Furniture, fixtures & fittings 5 years Equipment computers 3 years, play equipment 5 years Motor vehicles 8 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10 Taxation

The charity is exempt from corporation and income tax as its income is applied for charitable purposes.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

page 9

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.13 Leases

Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

Allocation of support costs

The allocation and apportionment of support costs is based on direct costs expended for each activity.

In the trustees' judgement, no other material estimates have been used in the preparation of the financial statements.

page 10

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
34,053
-
Grants
107,815
34,238
141,868
34,238
Donations and gifts
Amazon Charitable Giving
79
-
Apex Lifts
5,000
-
The Childhood Trust
2,500
-
Enthuse.com
-
-
Give As You Earn
1,356
-
Grand Provincial Lodge
-
-
Green Point Green Learning
2,000
-
Royal Warrant Holders
Association
-
-
Shawbrook Bank
-
-
Virgin money
3,075
-
Other
20,043
-
34,053
-
Grants receivable for core
activities
London Borough of Bexley
102,788
-
Lets Talk
2,470
-
London Community Response
Fund
-
-
The National Lottery Community
Fund
-
-
Coronavirus Job Retention
Scheme
357
-
London Youth
-
250
Green Point Green Learning
-
-
Free School Activity
-
12,288
Bexley CCG
-
20,000
Jack Petchey Achievement
Awards
2,200
1,700
107,815
34,238		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
34,053
21,425
2,942
142,053
127,836
21,749
176,106
149,261
24,691
79
1,000
-
5,000
1,250
-
2,500
1,250
-
-
3,022
-
1,356
1,589
-
-
-
1,442
2,000
4,000
-
-
-
1,500
-
1,000
-
3,075
1,260
-
20,043
7,054
-
34,053
21,425
2,942
102,788
112,000
567
2,470
-
-
-
11,836
-
-
-
10,000
357
-
5,752
250
-
750
-
4,000
-
12,288
-
2,000
20,000
-
1,680
3,900
-
1,000
142,053
127,836
21,749		 Total
2021
£
24,367
149,585
173,952
1,000
1,250
1,250
3,022
1,589
1,442
4,000
1,500
1,000
1,260
7,054
24,367
112,567
-
11,836
10,000
5,752
750
4,000
2,000
1,680
1,000
149,585

page 11

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

4 Parental contributions

Short Breaks
2022
£
Parental contributions
33,433
Analysis by fund
Unrestricted funds
31,101
Restricted funds
2,332
33,433		 Sports
Early Years
2022
2022
£
£
34
823
-
-
34
823
34
823		 Total
2022
Family
£
34,290
31,101
3,189
34,290		 support
Short Breaks
2021
2021
£
£
350
12,661
350
12,661
-
-
350
12,661		 Sports
Early Years
2021
2021
£
£
110
495
110
495
-
-
110
495		 Total
2021
£
13,616
13,616
-
13,616

page 12

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

5 Fundraising events
Unrestricted Total
funds
2022 2021
£ £
Big Give Campaign 2,097 -
6 Investment income
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 56 132
7 Raising funds
Unrestricted Unrestricted Restricted Total
funds funds funds
2022 2021 2021 2021
£ £ £ £
Fundraising
Seeking donations, grants and legacies 84 331 - 331
Other fundraising costs 253 599 - 599
Staff costs 7,760 11,812 - 11,812
Support costs 1,399 3,013 134 3,478
Fundraising 9,496 15,755 134 15,889
9,496 15,755 134 15,889

page 13

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Charitable activities
Short Breaks
Early Years
2022
2022
£
£
Staff costs
148,064
4,315
Activities
3,570
-
Bad debts
76
-
Equipment & supplies
1,435
52
Legal & professional
645
-
Miscellaneous
752
-
Office costs
191
-
Premises costs
2,321
-
Other staff costs
684
-
Motor expenses
2,136
-
Discounts
-
-
159,874
4,367
Share of support costs (see note 9)
38,969
1,363
Share of governance costs (see note 9)
1,686
46
200,529
5,776
Analysis by fund
Unrestricted funds
158,417
809
Restricted funds
42,112
4,967
200,529
5,776		 Total
2022
£
152,379
3,570
76
1,487
645
752
191
2,321
684
2,136
-
164,241
40,332
1,732
206,305
159,226
47,079
206,305		 Family
support
Short Breaks
2021
2021
£
£
450
113,895
-
377
-
125
-
5,692
-
114
-
157
-
849
-
285
-
2,294
-
259
-
1,547
450
125,594
114
41,187
12
3,350
576
170,131
571
145,243
5
24,888
576
170,131		 Sports
Early Years
2021
2021
£
£
610
2,160
-
-
-
37
-
3
-
-
52
2
-
-
-
-
-
6
-
-
-
-
662
2,208
168
3,643
18
59
848
5,910
79
59
769
5,851
848
5,910		 Total
2021
£
117,115
377
162
5,695
114
211
849
285
2,300
259
1,547
128,914
45,112
3,439
177,465
145,952
31,513
177,465

page 14

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

9 Support costs

Support costs
Governance
costs
£
£
Staff costs
6,963
-
Depreciation
9,081
-
Operating lease charges
6,700
-
Activities
258
-
Equipment & supplies
902
-
Legal & professional
9,899
-
Miscellaneous
85
-
Office costs
6,359
-
Other staff costs
1,182
-
Motor expenses
302
-
Independent examination
-
1,776
Other governance costs
-
40
41,731
1,816
Analysed between
Fundraising
1,399
84
Charitable activities
40,332
1,732
41,731
1,816		 2022
Support costs
Governance
costs
£
£
£
6,963
12,896
-
9,081
13,681
-
6,700
6,700
-
258
180
-
902
64
-
9,899
5,391
-
85
37
-
6,359
6,028
-
1,182
858
-
302
2,424
-
1,776
-
1,860
40
-
1,910
43,547
48,259
3,770
1,483
3,147
331
42,064
45,112
3,439
43,547
48,259
3,770		 2021
£
12,896
13,681
6,700
180
64
5,391
37
6,028
858
2,424
1,860
1,910
52,029
3,478
48,551
52,029

Governance costs includes payments to the independent examiner of £1,776 (2021- £1,860) for independent examination fees.

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

The Trustees consider key management personnel comprise the Trustees and the Director. The total employment benefits (including employer pension contributions) of the key management personnel were £52,344 (2021 - £50,013).

11 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Full time staff 2 2
Part time staff - full time equivalent 6 5
Total 8 7
Employment costs 2022 2021

Employment costs

page 15

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

11
Employees
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was £60,000 or more.		 (Continued)
£
£
157,631
129,719
5,083
7,963
4,388
4,141
167,102
141,823		 (Continued)
£
£
157,631
129,719
5,083
7,963
4,388
4,141
167,102
141,823
141,823

12 Intangible fixed assets

Cost
At 1 April 2021 and 31 March 2022
Amortisation and impairment
At 1 April 2021
Amortisation charged for the year
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021		 Website
£
600
-
200
200
400
600

page 16

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

13
Tangible fixed assets
Furniture,
fixtures &
fittings
Equipment
Motor
£
£
Cost
At 1 April 2021
3,422
10,556
Disposals
(238)
(1,224)
At 31 March 2022
3,184
9,332
Depreciation and impairment
At 1 April 2021
1,028
8,017
Depreciation charged in the year
598
657
Eliminated in respect of disposals
(238)
(1,224)
At 31 March 2022
1,388
7,450
Carrying amount
At 31 March 2022
1,796
1,882
At 31 March 2021
2,394
2,540
14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals and deferred income		 vehicles
£
61,000
-
61,000
19,063
7,625
-
26,688
34,312
41,937
2022
£
34,816
1,058
1,997
37,871
2022
£
2,536
32,934
4,383
-
2,578
42,431		 Total
£
74,978
(1,462)
73,516
28,108
8,880
(1,462)
35,526
37,990
46,871
2021
£
-
580
3,398
3,978
2021
£
2,160
12,825
2,332
691
4,440
22,448

page 17

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

16 Deferred income
2022 2021
£ £
Other deferred income 32,934 12,825

Deferred income is included in the financial statements as follows:

Government grants received before 31 March 2022 relating to services to be provided in the following financial year £20,239 (2021: £10,000).

Grants received from other organisations before 31 March 2022 relating to services to be provided in the following financial year £12,694 (2021: £nil).

Parental contributions received before 31 March 2022 relating to services which were delayed as a result of the coronavirus pandemic until October 2021 £nil (2021: £2,825).

17 Retirement benefit schemes

Defined contribution schemes

The charity contributes on a defined contribution basis towards personal pensions for staff who have elected to join the scheme, or are automatically eligible through autoenrolment. The assets of the scheme are held separately from those of the charity, in independently administered funds. The pension charge reflected in the Statement of Financial Activities represents the amount payable by the charity to the pension scheme for the year.

The charge to profit or loss in respect of defined contribution schemes was £4,388 (2021 - £4,141).

page 18

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Balance at
1 April 2020 resources expended 1 April 2021 resources expended 31 March
£ £ £ £ £ £ £ 2022
£
Jack Petchey Awards 338 1,000 (868) - 470 1,980 (692) 1,758
Early Years Project 13,640 - (2,958) - 10,682 823 (4,967) 6,538
London Sport 915 1,680 (762) - 1,833 - - 1,833
Lord's Taverners minibus 49,562 - (7,625) - 41,937 - (7,625) 34,312
CYP Back to Clubs project - 10,000 (10,000) - - - - -
London Youth - Getting Active Sports Programm - 750 - - 750 284 - 1,034
Coronavirus Job Retention Scheme - 5,752 (5,752) - - - - -
Kitchen redecoration - 567 (567) - - - - -
Toy library - 2,942 (2,942) - - - - -
Website - 2,000 (173) (600) 1,227 - - 1,227
Bexley HAF Programme - - - - - 12,288 (12,234) 54
Bexley CCG - - - - - 22,052 (21,561) 491
64,455 24,691 (31,647) (600) 56,899 37,427 (47,079) 47,247

page 19

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds

(Continued)

Lord's Taverners minibus

During 2018, the charity was grateful to receive a minibus from the Lord's Taverners. The donor requires that the vehicle must only be used for transporting disabled children and young people, nor can it be sold by Bexley SNAP. SNAP's own contribution to the cost of the minibus has been transferred into the fund. The initial value of the fund is based on average costs for such vehicles.

Jack Petchey Awards

This fund holds awards received from the Jack Petchey Foundation, which are expended on projects and activities selected by the charity's beneficiaries.

Early Years Project

A restricted grant from the London Borough of Bexley, a donation from Exponent Private Equity and donations and pledges through the Christmas Big Give and The Childhood Trust has enabled the continuation of this project in a streamlined format.

Archway and Empire

Donations have been received as a contribution towards the running costs of the Archway and Empire youth clubs for the 2018/1 9 and 2019/20 financial years.

Active Londoners (London Sport)

Two funding streams focusing on encouraging disabled young people to be more active through supported activities

Website

Also funded by William Kendall - Investment into staff training working with a website developer to produce a new website the Snap team can maintain

CYP Back to Clubs Project

Funded by The National Lottery Community Fund to provide creative flexible support to re-engaging children and young people back to clubs.

Bexley HAF Programme

Represents funding received to enable the charity to deliver holiday clubs for children who are entitled to free school meals.

Bexley CCG

Represents funding to enable the charity to deliver a variety of different support to re-engage children and young people after Covid-19.

page 20

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds

(Continued)

London Youth - Getting Active Sports Programme

Provision of physical activity through a variety of movement games and sport.

Coronavirus Job Retention Scheme

Government grant received from HM Revenue & Customs in order to support the salaries of staff furloughed during the coronavirus pandemic.

Kitchen redecoration

Modernisation and redecoration of centre kitchen facility.

Toy library

New service to support families through lockdown with the provision of a toy and specialist equipment lending service, delivered to and collected from families on a weekly basis.

page 21

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

19 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in Movement in
funds funds
Balance at Incoming Balance at Incoming Balance at
1 April 2020 resources
1 April 2021		 resources 31 March
£ £ £ £ 2022
£
Capital reserve 1,500 - 1,500 - 1,500
Investment fund 43,426 - 43,426 - 43,426
Exit strategy 20,000 - 20,000 - 20,000
64,926 - 64,926 - 64,926

Capital Reserve

This fund holds the funds designated by SNAP's Management Committee for future expenditure on capital equipment necessary to provide continuity of services

Investment Fund

During the year ending 31 March 2005, a legacy was received from the estate of Mrs Nelhe Adelaide Johnson and that of her son, Mr Maurice Allan Johnson. The Management Committee decided that £100,000 should be held in an investment fund, in order to provide some annual income for charitable activities and to protect the value of the capital. The fund is held in reserve for unforeseen emergencies and is used to assure financial stability of the charity's operations, particularly where funding shortfalls occur. It is also used to fund the start-up costs of new projects and initiatives.

Exit Strategy

This fund has been designated by the Management Committee for use only in the event of SNAP's funding drying up to such an extent that it has to downsize substantially or can no longer continue to provide services and to support families. It comprises statutory redundancy payments only.

page 22

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

20 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fund balances at 31 March 2022 are represented by:
Intangible fixed assets
400
-
-
Tangible assets
3,678
-
34,312
Current assets/(liabilities)
65,048
64,926
15,032
69,126
64,926
49,344		 Total
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2021
2021
2021
£
£
£
£
400
600
-
-
37,990
4,933
-
41,938
145,006
59,290
64,926
14,961
183,396
64,823
64,926
56,899		 Total
2021
£
600
46,871
139,177
186,648

page 23

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

21 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

2022 2021
£ £
Within one year 3,350 3,350

22 Capital commitments

At 31 March 2022 the charity had no capital commitments.

23 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

page 24