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|CONTENTS|||
|---|---|---|
|||Page|
|TRUSTEES' REPORT|||
|CHAIR'5 REPORT|||
|STRATEGIC REPORT|||
|11
Aims &activities|||
|1.2
Achievements
and performan«e|||
|13
Financial
review|||
|14
Plans far the future|||
|1,5
Public benefit & volunteers'|cantributian||
|GOVERNANCE|||
|2.1
Reference and administrative|cletslis||
|2.2
St~ucture, governance
and management|||
|23
Statement
ofTrustees'
responsibilities||10|
|2rd
Compliance
with accounting|standards|10|
|2.5
Statement
as to disclosure to our auditors||10|
|FINANCIAL
STATE
ME NT5|||
|Independent
auditor's
report|||
|Statement offinancial activities|||
|Balance sheet||15|
|Statement ofcash flows||16|
|Notes ta the financial statements|||
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||||||NOte|unreatricted|Restricted|TOTAL|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2022|2022|2021.|
|||||||8|g|6|6|
|INCOME ANO ENOOWMENTS||||FROBIR||||||
|Donations||||||1,1D9,376|585,244|1,694,62D|2,268,292|
|Charitable|activities|||||99,123||99,123|14,899|
|Fundraising||||||75,79?||25,792|11,558|
|investment
income||||||||||
|Bank interest||||||1,178||1,178|934|
|Other Income||||||||||
|Other income||||||36,5DZ||36,5D2|1,478|
|Government||grants-|JRS Income||||||164,279|
|Totalincome||||||1,271,971|585,244|1,857,215|2,461,440|
|EXPENDITURE||||||||||
|Expenditure
on Charitable|||Activities|||||||
|Operating|costs|||||1,239,434|520,138|1,759,572|1,4S2,906|
|Total Expenditure||||||1.239,434|520,138|1,759,572|1,452,906|
|Nat Income||||||32,537|65,106|97,643|1,008,534|
|Fund balance at|1|April 2021||||2,277,394|5,430,621|7,708,015|6,699,481|
|Fund balance at|31March||2D27|||z,309,931,|5,495,'727|7,805,658|7,708,015|
|Barking gt Dagenham|Barking gt Dagenham|Barking gt Dagenham|Youth Zone|Youth Zone||||Page 15|
|---|---|---|---|---|---|---|---|---|
|Balance Sheet||||||Company no:||10236576|
|Asat31March 2022||||||Charity no:||1172247|
||||||Note||2D22|2021|
||||||||8|E|
|Feted assets|||||||||
|Tangible assets|||||||5324,912|5,641,773|
|Current assets|||||||||
|Stock|||||||KISS|2,833|
|Debtors|||||||65,978|30,739|
|Cash at bank 6 in hand|||||||~13,799|2,249,566|
||||||||2r482,620|2,293,13S|
|Creditors: amounts|raging due||within|one year|||(201AI64)|(216,896)|
|Net current gabgltles|||||||2,28D,746|2,066,242|
|Net assets|||||||7~5,698|7,703,01S|
|FUNDS|||||||||
|Unrestricted
funds|||||||||
|General funds|||||||2,789,366|2,027,394|
|Designated fund-||Aepairs|&renewals||||474,565|250,DDD|
|Designated fund-||ITequipment||replacements|||50,000||
||||||||2,30S,931|2,277,394|
|Restricted funds|||||14||5895,727|5,430,621|
||||||||7,805dISB|7,708,015|
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|||||2022f|2021|
|---|---|---|---|---|---|
|Cash flow from operating|activities|||226,854|1,240,168|
|Cash flow from investing|activities|||||
|interest received||||1,17$|934|
|Payments
to acquire tangible||fised assets||(63,799)|(182,309)|
|Increase (decrease)
in cash and cash equivalents||||164,233|1,058,793|
|Cash and cash equivalents|at|1April 2021||2,249,566|1,190,773|
|Cash and cash equivalents|at|31March 2022||2,413,799|2,249,566|
|Cash and cash equivalents|consists of:|||||
|Cash at bank and in hand||||2,413,799|2,249,566|
|Reconciliation ofnet income||to net cash flow from operating|activities|2022
f|2021f|
|Net Income'for the year||||97,643|1.008,534|
|Depreciation||||1$0,660|182,235|
|Investment
income||||(1,178)|(934)|
|(Increase) / decrease
m debtors||||(35,239)|(30,739)|
|increase
in stock|||||(2,833)|
|Increase / (decrease)in creditors||||(15,032)|83,905|
|Net cash flow from operating||activities||226,$54|1,240,168|
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|Donations||Unrestricted|Restricted|TOTAL||
|---|---|---|---|---|---|
|||2022|2022|2022|2021|
|||E|E|fi|E|
|Donations|-capital||50,0DO|50,000|200,000|
|Donations-|general|2,359||2,3SR|8,457|
|Grants, trusts 0foundations|||394,432|394,432|770,306|
|Other patrons||105,834|99,812|194,646|350,610|
|Founder patrons||1,001,184|52,000|1,D53,184|938,919|
|||1,109,376|585,244|1,694,620|2,Z68,292|
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|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|4|Income From|Charitable|||Activities||||||Unrestricted|Restrkted||TOTAL|TOTAL|
||||||||||||2D22||2D22|2D22|2021|
||||||||||||f||f||E|
||Young people||||||||||37,861|||37,861|205|
||Catering income||||||||||61,262|||61,262|9,024|
||Facility hire||||||||||||||5,670|
||||||||||||99,123|||99,123|14,899|
|5|Income from|otherfundraisingactivlties|||||||||Unrestricted|Restricted||TOTAL|TOTAL|
||||||||||||2022||2022|2022|2021|
||||||||||||f|||E|E|
||Fundraising
Events||||||||||||||375|
||Community
Response||||||||||25,792|||25,792|11,183|
||||||||||||25,792|||25,792|11,558|
|6|Operating costs||||||||||Umestricted|Restricted||TOTAL|TOTAL|
||||||||||||2022||2022|2022|2021|
||||||||||||f||E|E|f|
||Wages &Salaries||||||||||849,772||269,762|1,119,534|979,445|
||Agency &Freelance|||staff|||||||11,703|||11,703|1,109|
||Stafftravel||||||||||7,021,||101|7122|396|
||StaffTraining||||||||||6,345||1,536|7,S81|2,522|
||Staff uniform||||||||||6,764||47|6,811|6,278|
||Licences||||||||||1,440|||1,440|1,146|
||Telephones||||||||||4,466|||4rt66|2,116|
||IT||||||||||24,922||250|25,172|23,922|
||Consultancy
fees||||||||||44,049||21,424|65,473|60,146|
||Sundry expenses||||||||||6,595||4,594|11,189|4,581|
||Insurance||||||||||25,741|||25,741|20,477|
||Printing,
postage,||stationary||||||||9,087||278|9,365|3,687|
||Hospitality||||||||||Z98|||298||
||Marketing
&comms||||||||||3,635||5,824|9,459|4,191|
||Recruitment
& DBS|||checlis|||||||6,783||350|7,133|1,714|
||OnSlde Network||Donation||||||||22,618|||22,618|8,50D|
||Volunteering|costs (excluding||||DBS)|||||233|||233|1,278|
||Fundraising
costs||||||||||1,394||7,198|8,592||
||Premises costs||||||||||SS,318||16|88,334|78,699|
||Sessional delivery||costs||||||||42,672||26,592|69,264|47,274|
||Catering/caff|costs|||||||||67,369||1,5D6|68,875|16,D62|
||Depreciation||||||||||||180,660|180,660|182,235|
||Bank charges||||||||||1,809|||1,809|856|
||Audit fees||||||||||6,400|||6,400|6,27D|
||||||||||||1,239,434||520,138|1,7S9,S72|1,4S2,906|
|7|Taxation|||||||||||||||
||Barking &Dagenham|||Youth Zone|||Is a registered|Charity.||All the|company's
income||is applied to its charitable||objectives|
||and the Company||is|therefore||exempt under current|||legislation||from most forms|of|taxation.|||
|8|Net Income|||||||||||||2022|2021|
|||||||||||||||E|f|
||Net income /|movement|||in funds||is stated after|charging:||||||||
||Depreciation|oftangible fixed||||assets||||||||180,66D|182.,235|
||Audit fee|||||||||||||6,40D|6,270|
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|9|Staff costs and numbers|Staff costs and numbers|Staff costs and numbers|2022|2021|
|---|---|---|---|---|---|
|||||E|E|
||Wage~|||1,D27,636|907,536|
||Social security|||73,915|57,429|
||Pensions|||17,983|14,480|
|||||3.,119,534|979,445|
||No employee|earned more than E66,620 in the year i2021:E60,DOO.||||
|||||Z022|2021|
|||||Number|Number|
||Average number||ofemployees|6t|70|
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||ended 31March 202|1..||||||
|---|---|---|---|---|---|---|---|
|11|Tangible fixed assets|||Leasehold|Computer|Fixtures &||
|||||Propertyf|Equipment
E|equipment
E|TOTAL|
||Cost|||||||
||At 31 March 2021|||5,714,286|56,061|,225,922|5,996,269|
||Additions|||55,375|7,977|447|63,799|
||At 31March 2022|||5,769,661|64,038|226,369|6,060,068|
||Depreciation|||||||
||At31March 2021|||212,748|37,737|104,011|354+96|
||Charge for the year|||1,14,454|19,716|46,490|180,660|
||At 31March 2022|||327,202|S7,4S3|150,501|535,156|
||Net book value|||||||
||At 31March 2022|||5,442,459|6,SBS|75,868|5,524,912|
||At 31March 2021|||5,501,538|18,324|121,911|5,641,773|
||Capital commitments|||||292Z|2021|
|||||||E|E|
||Contracted
for||||||99,973|
|12|Debtors|||||2D22|2D21|
|||||||E|E|
||Trade debtors|||||48,945|20,051|
||Other debtors||||||10,386|
||Prepayments
and accrued Income|||||17,033|302|
|||||||65,978|30,739|
|13|Creditars: amounts|falling due within ane year||||2022|2021|
|||||||E|E|
||Trade creditors|||||42,693|12,235|
||Social security
& pensions|||||34,742|30,522|
||Wages|||||6$,256|64,414|
||Accruals and deferred||Income|||56,173|1D9,725|
|||||||2D1,$64|216,896|
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|Movement
ln funds|Movement
ln funds||||||||
|---|---|---|---|---|---|---|---|---|
|The movement|in funds forthe||year is as fogows:||||||
|||||Opening||||Clos!ng|
|||||Bo/once|income|Expenditure|Transfer|Balance|
|||||6|E||||
|Unrestricted
funds|||||||||
|General funds||||2,027,394|1,271,971|(1,213,999)|(300,000)|1,JS5,366|
|Designated
fund|- Repairs &renewals|||250,000||(25,435)|250,00D|474,565|
|Designated
fund|—ITequipment||replacements||||50,000|50,0DO|
|||||2,277,394|1,271,971|(1,239,434)||2,309,931|
|Restricted funds|||||||||
|Fixed assets||||5,305,049|50,000|(180,660)||5,174,389|
|Rank Foundation|||||14,339|(6,376)||7,963|
|Wooden Spoon||||10,174||||10,174|
|I.&I2|||||24,978|(24,978)|||
|lack Petchey||||8,367|73,5DO|(74,876)||6,991|
|Community
Fundraising||Project||81,617|150,0DO|(89,382)||142,235|
|Ford|||||15,312|(15,312)|||
|Dig its I Creatives||||4,187||(4,187l|||
|Babyzone||||21,227|11D,OOO|(57,956)||73,271|
|Sony Project|||||30,000|||30,000|
|LBBDNeighbourhood||Fund|||9,263|(9,263)|||
|Gamesys|||||52,000|(1.296)||S0,704|
|LBBDEaster Holiday Club|||||21,827|(21,827)|||
|Summer
Holiday|Club||||34,025|(34,025)|||
|Total restricted|funds|||5,430,621|S8S,244|(520,138)||5,495,727|
|Totslfunds||||7,708,015|1,857,21,5|(1,759,572)||7,8D5,658|
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|Iylovement|in funds (continued)|in funds (continued)||||||
|---|---|---|---|---|---|---|---|
|The movement||in funds forthe prior year|is as fellows:|||||
||||Opening|income|Expenditure|Tiansfer|Closing|
|||||E|E|E|E|
|Unrestricted|funds|||||||
|General funds|||933,717|1,562,304|(593,3S9)|124,762|2,027,394|
|Designated|fund- Repairs 8 renewals|||||250,DDD|250,000|
||||933,717|1,562,304|(593,389)|374,762|2,277,394|
|Restricted funds||||||||
|Fixed assets|||5,283,783|200,000|(178,734)|(374,762)|4,930,287|
|Net current|assets||481,981|699,136|(6S0,783)||500,334|
|Total restdicted||funds|5,765,764|899,136|(859,517)|(374,762)|5,43D,621|
|Total funds|||6,699,481|2,461,440|(1,452,906)||7,708,015|
|Analysis of|net assets between funds||Iinrestricted|Designated|Restricted|Total|Fatal|
||||funds|funds|funds|funds|Funds|
||||Z022|ZDZZ|2022|202.2|2021|
|||||E||E|E|
|Tangible fixed assets|||||5,524,912|5,524,912|5,641,773|
|Net current|assets||1,785,366|524,565|(Z9,185)|2,280,746|2,066,242|
||||1,785,366|524,565|5,495,727|7,805,658|7,708,01,5|
||||ilnrestricted|Designated|Restricted|Tarsi|Tata!|
||||funds|funds|funds|funds|Funds|
||||2021|2021|2D21|2021|202D|
||||E|E|E|E|E|
|Tangible fixed assets|||||5,641,773|5,641,773|5,641,699|
|Net current|assets||2,027,394|250,DDD|(21N152)|2,066,242|1,057,782|
||||2,027,394|250,000|5,430,621|7,708.015|6,699,481|
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