##
|||Page|
|---|---|---|
|Reference and Administrative
Details|||
|Foreword from the Chair|||
|Report ofthe Trustees|3|to 15|
|Report ofthe independentAuditors|16|to 17|
|Statement of Financial Activities||18|
|Balance Sheet||19|
|Cash Flow Statement||20|
|Notes to the Cash Flow Statement||21|
|Notes tothe Financial Statements|22|to 33|
##
|Company|Limited by Guarantee
and Registered|Limited by Guarantee
and Registered|in|England|England|and Wales|
|---|---|---|---|---|---|---|
|Registered|Company no:|09437276|||||
|Registered|Charity no:|1172345|||||
|Registered|office:|The Park Offices, Battersea|||Park||
|||Albert Bridge Road|||||
|||London|||||
|||SW114NJ|||||
|Trustees:||CL Baillieu (Chair)|||||
|||S L BApps (resigned|on|16June||2023)|
|||NR Blackley|||||
|||EAS Cohen|||||
|||CLFrankl-Bertram|||||
|||MK Pearson (resigned||on 16June 2023)|||
|||MH Percy|||||
|||P ASamengo-Turner|||||
|||JRStone|||||
|||DM Watkins|||||
|Chief Executive:||I Mitchell|||||
|Auditors:||Haysmacintyre
LLP|||||
|||Chartered Accountants|||||
|||10Queen Street Place|||||
|||London|||||
|||EC4R 1AG|||||
|Bankers:||National Westminster||Bank pic|||
|||153Putney
High Street|||||
|||Putney|||||
|||London|||||
|||SW151RX|||||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds|funds|funds|funds|
|||||||6|
|INCOME|||||||
|Voluntary
income|||||||
|General grants||||645,543|645,543|498,985|
|Charitable
activities|||||||
|Bereavement
services|||3,101,147||3,101,147|3,087,916|
|Events and Filming|||4,999,930||4,999,930|4,562,705|
|Health and weBbeing (including|community||1,300,137|205,803|1,505,940|1,087,324|
|services]
Park services|||289,919|144,292|434,212|195,689 .|
|Putney School ofArt and Design|||1,195,912||1,195,912|1,020,204|
|Sport and Leisure services|||3,565,544||3,565,544|3,232,199|
|Otherincome|||175,681||175,681|185,000|
|Total income|||14,628,270|995,638|15,623,909|13,870.022|
|EXPENDITURE|||||||
|Charitable
activities||4-6|||||
|Bereavementservices|||1,679,878||1,679,878|1,575,311|
|Events and Filming
Health and weBbeing (including
Park services|community|services)|3,218,522
1,233,612
1,485,625|269,923
71,381|3,218,522
1,503,535
1,557,007|2,953,238
1,091,296
1,272,177|
|Putney School ofArtandDesign
Sport and Leisure services
Other|||1,324,144.
2,78S,268
2,825,055|207,281
528,001|1,531,425
2,785,268
3,353,057|1,097,500
2,457,507
3,038,964|
|Total expenditure|||14,552,104|1,076,588|15,628,692|13,485,993|
|NET INCOME|||76,167|(80,950j|(4,783]|384,029|
|RECONCILIATION
OFFUNDS|||||||
|Total funds brought fotsvard|||446,709|734,562|1,181,271|797,242|
|TOTAL FUNDS CARRIED FORWARD|||522,876|653,612|1,176,488|1,181,271|
##
|||2023|2022|
|---|---|---|---|
||Notes|f.|6|
|FIXEDASSETS||||
|Tangible assets||337,934|224,617|
|CURRENT ASSETS||||
|Stocks|12|9,872|9,872|
|Debtors|13|2,749,600|2,326,490|
|Cash atbank and in hand||2 505830|3279847|
|||5,265,302|5,616,209|
|CREDITORS||||
|Amounts
falling due within one year|14|(4,426,747)|(4,184,555)|
|NET CURRENT ASSETS||838555|1431654|
|TOTAL ASSETSLESSCURRENT LIABILITIES||1,176,488|1,656,271|
|CREDITORS||||
|Amounts
falling due after more than one year|15||(475,000)|
|NET ASSETS/(LIABILITIES)||||
|FUNDS|17|||
|Unrestricted
funds||522,876|446,709|
|Restricted funds||653612|734562|
|TOTALFUNDS||~11 6488|1181271|
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes||E|
|Cash flows from|operating||activities||||
|Cash generated
from operations|||||113042|1437152|
|Net cash provided|by operating activities||||113042|1437152|
|Cash flows from|investing||activities||||
|Purchase oftangible
fixed assets|||||~242 529)|180943|
|Net cash used in investing||activities|||~242 529]|~180943)|
|Cash flows from|financing||activities||||
|Loan repayments
Interest paid|in year||||(625,000]
~19530]|(125,000)|
|Net cash provided|by/(used||in] financing activities||644530|143753|
|Change in cash and cash equivalents||||in the|||
|reportingperiod|||||(774,017)|1,112,456|
|Cash and cash equivalents|||atthe beginning||||
|ofthe reporting|period||||3279847|2167391|
|Cash and cash equivalents|||atthe end|ofthe|||
|reporting period|||||||
##
##
##
|RECONCILIATION
OFNET INCOME TO NET CASH FLOW FROM OPERATING A|CTIVITIES||
|---|---|---|
||2023|2022|
||E|E|
|Net income forthe reporting period (asper the Statement ofFinancial
Achvities]|(4,783)|384,028|
|Adjustments
for:
Depreciation
charges
Interest paid
Increase in debtors
Increase in creditors|129,213
19,530
(423,110)
392191|100,058
18,753
(531,921]
1466234|
|Net cash provided by operations|11
2|14371|
##
##
|||Atstart|Cash|Other non-|At end|
|---|---|---|---|---|---|
|||ofthe year|Flows|cash changes|ofyear|
|||E|E|5|E|
|Cash||3,279,847|(774,017)||2,505,830|
|Loans|within 1year|(150,000)|150,000|||
|Loans|due after 1year|(475,000)
~24|475,000|||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E|6|
|Evolution|||||420,000|350,000|
|Art Council England||||||148,985|
|Other grants|||||25,543||
|Legacies|||||200,000||
||||||645,543|498,985|
|OME FROM CHARITABLE ACTIVITIES|||||||
||||||2023|2022|
||||||6|E|
|Bereavement
services|||||3,101,147|3,087,916|
|Events and Filming|||||4,999,930|4,562,705|
|Health and Wellheing|including|comniunity|development||1,505,940|1,087,324|
|Park Services|||||434,212|195,688|
|Putney School ofArt &Design|||||1,195,912|1,020,204|
|Sports and Leisure Services|||||3,565,544|3,232,199|
||||||14,802,685|13,186,037|
|RITABLE ACTIVITIES COSTS|||||||
|2023||||Direct costs|Support|2023|
|||||(see note 5)|costs|Total costs|
|||||f.|(see note 6)|E|
||||||6||
|8 ereave
ment services||||1,679,878||1,679,878|
|Events and Filming||||3,218,522||3,218,522|
|Health and WeEbeing|including|community|development|1,503,535||1,503,535|
|Park Services||||1,557,007||1,557,007|
|Putney School ofArt gi Design||||1,531,425||1,531,425|
|Sports and Leisure Seivices||||2,785,268||2,785,268|
|Central Support|||||3,353,057|3,353,057|
|||||12,275,635|3,353,057|15,628,692|
|||||Direct costs|Support|2022|
|2022||||(see note 5]
6|costs
(see note 6)|Totalcosts
6|
||||||6||
|Bereavement
services||||1,575,311||1,575,311|
|Events and Pilming||||2,953,238||2,953,238|
|Health and WeEbeing|including|community|development|1,091,296||1,091,296|
|Park Services||||1,272,177||1,272,177|
|Putney School ofArt tk Design||||1,097,500||1,097,500|
|Sports and Leisure Seivices||||2,457,507||2,457,507|
|Central Support|||||3,038,964|3,038,964|
|||||10,447,029|3,038,964|13,485,993|
##
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||8|6|
|Staff Costs
Costofsales||||6,284,899
1,018,787|5,308,335
666,980|
|Consultant
and project delivery
Equipment
Building
and maintenance
Communications
and marketing
Insurance||||509,795
198,662
1,096,101
104,705
65,714|730,005
311,902
857,234
84,043
61,620|
|ITand comms||||220,048|214,150|
|Irrecoverable
VAT||||146,000||
|Administration
Concession fee|and professional||fees|431,115
2,100,000|294,533
1,832,018|
|Depreciation
Other||||71,769
28,040|77,309
8,900|
|||||12,275,635|10,447,029|
|SUPPORT COSTS||||||
|||||2023|2022|
|||||8||
|Staff costs||||1,301,364|1,257,412|
|Consultant
and project delivery||||721,468|205,389|
|Equipment||||2,250|21,573|
|Building and maintenance||||426,589|619,084|
|Communications
and marketing||||59,264|65,200|
|Insurance||||107,499|68,607|
|ITand comms||||83,645|35,372|
|Administration
and|professional|fees||205,309|129,742|
|Irrecoverable
VAT||||368,695|593,473|
|Depreciation||||57,444|24,359|
|Loan interest||||19,530|18,753|
|||||3,353,057|3,038,964|
|Governance||||||
|||||34,492|62,684|
|(Included within support costsj||||||
##
##
##
||||2023|2022|
|---|---|---|---|---|
||||6|6|
|Auditors'
remuneration
Auditors'
remuneration
Depreciation
- owned||—audit services
—non audit seivices
assets|30,492
4,000
~3|22,950
1,950
~0|
##
##
##
|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|Wages and salaries
Social security costs
Other pension costs|||||||6,556,747
591,947
437569|5,385,861
463,240
406 646|
|||||||||~25|
|The average monthly|number|ofemployees||during the year was||as follows:|||
||||||||2023|2022|
|Full time equivalent||||||||~1|
|The number ofemployees whose employee||||benefits (excluding||employer|pension costs) exceeded 660,000was:||
||||||||2023|2022|
|660,001 - 670,000|||||||||
|680,001 - 690,000|||||||||
|5110,001 - 6120,000|||||||||
|f120,001 - 5130,000|||||||||
|During the period,
1&ey management
personnel,
which comprise
officer, received remuneration
(including
pension contributions||||||the trustees, chief executive officer and chief financial
payable) totaling 6289,560(2022:6293,100j.|||
##
||||||2022|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||6||6|
|INCOME||||||
|Donations and legacies||||||
|General grants||||498,985|498,985|
|Charitable
activities||||||
|Bereavement
services|||3,087,916||3,087,916|
|Events and Filming|||4,562,705||4,562,705|
|Health and weBbeing (including|community||738,647|348,677|1,087,324|
|services)||||||
|Park services|||193,802|1,887|195,689|
|Putney School ofArt and Design|||1,020,204||1,020,204|
|Sport and Leisure services|||3,232,199||3,232,199|
|Other income|||185,000||185,000|
|Total income|||13,020,473|849,549|13,870,022|
|EXPENDITURE||||||
|Charitable
activities||||||
|Bereavement
services|||1,575,311||1,575,311|
|Events and Filming|||2,953,238||2,953,238|
|Health and weBbeing (including|community|services]|804,231||1,091,296|
|Pari& services|||1,268,520||1,272,177|
|Putney School ofArt and Design|||1,097,507||1,097,507|
|Sport and Leisure services|||2,457,507||2,457,507|
|Other|||2804127|234837|3038964|
|Total expenditure|||8,590,147|525,559|13,485,993|
|NET INCOME|||60,039|323,990|384,029|
|RECONCILIATION
OFFUNDS||||||
|Total funds brought forward|||386,670|410,572|797,242|
|TOTAL FUNDS CARRIED FORWARD|||446,709|734,562|1,181,271|
##
##
|1.|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
||||Fixtures||||
|||Short|and|Motor|Computer||
|||leasehold|fittings|vehicles|equipment|Totals|
|||f.|5|6|5|f.|
||COST
At 1April 2022
Additions|144,575
86228|21,103
27418|39,426
25429|444,755
103454|649,859
242 529|
||At31March 2023|230803|48521|64855|444755|892388|
||DEPRECIATION||||||
||At 1April 2022
Charge foryear|93,024
31561|8,083
9704|19,260
13569|304,878
74377|425,245
129 213|
||At31March 2022|124585|17787|3282|379255|554456|
||NET BOOKVALUE
At31March 2023|106
8|307|~20|8954|~34|
||At31March 2022|155|~23|166|13
7|2246|
|12.|STOCKS||||||
||||||2023|2022|
|||||||E|
||Stocks||||||
|13.|DEBTORS:AMOUNTS FALLING|DUE WITHIN ONE YEAR|||||
||||||2023|2022|
||Trade debtors||||1,922,034|1,832,560|
||Other debtors
VAT
Prepayments
and accrued income||||130,112
319,916
377,537|87,025
13,501
393,404|
##
##
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2023|2022|
|||5|5|
|Bank loans and overdrafts|(see note 16)||150,000|
|Trade creditors||1,585,555|1,588,314|
|Social security and other|taxes|146,203|132,379|
|Other creditors||243,886|139,672|
|Accruals and deferred income||2451403|2174190|
||||4184555|
|Deferred Income||||
|||2023|2022|
|At 1April||1,133,262|657,556|
|Deferred in the year||5,008,614|4,806,882|
|Released in the year||4806882|4331 176|
|At 31March|||1 133262|
##
||||2023|2022|
|---|---|---|---|---|
|||||5|
|Bank loans (see note 16)||||~4|
|LOANS|||||
|An analysis ofthe maturity||ofloans is given below:|||
||||2023|2022|
||||5|5|
|Amounts|falling due within|one year:|||
|Bank loan||||150,000|
|Amounts|falling due in more than one year||||
|1to 5 years||||475,000|
|||||625000|
|16.|LOANS
An analysis ofthe maturity
ofloans is given below:|
|---|---|
##
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|2023||||||||
|---|---|---|---|---|---|---|---|
||||Balance||||Balance|
||||1April|||Transfer|31March|
||||2022|Income|Expenditure|between|2023|
||||E|f.||funds|6|
|Unrestricted||funds||||||
|General fund|||222,092|14,628,270|(14,422,891)|(242,529)|184,942|
|Fixed Assets|||224,617||(129,213)|242,529|337,933|
||||446,709|14,628,270|(14,552,104)||522,875|
|Restricted funds||||||||
|Parks|||19,410|344,293|(71,382)||292,321|
|Arts Council||England|125,201||(125,201)|||
|Community|Development||425,950|445,543|(608,525)||262,968|
|Health and WeBbeing|||164,001|205,803|(271,481)||98,323|
||||734,562|995,639|(1,076,589)||653,612|
|TOTAL FUNDS|||1,181,271|15,623,910|(15,628,692)||1,176,488|
|2022||||||||
||||Balance||||Balance|
||||1April|||Transfer|31March|
||||2021|Income|Expenditure|between|2022|
||||8|6||funds|6|
|||||||6||
|Unrestricted||funds||||||
|General
fund|||242,938|13,020,473|(12,860,376)|(180,943)|222,092|
|Fixed Assets|||143,732||(100,058)|180,943|224,617|
||||386,670|13,020,473|(12,960,434)||446,709|
|Restricted|funds|||||||
|Sports|||157,893|||(157,893)||
|Bench donations|||4,503|||(4,503)||
|Parks|||37,124|1,886|(3,657)|(15,942)|19,411|
|Arts Council||England|211,053|148,985|(234,837)||125,201|
|Community||Development||427,918|(25,214)|23,246|425,950|
|Health and Wellheing||||270,760|(261,851)|155,092|164,001|
||||410,572|849,549|(525,559)||734,562|
|TOTAL FUNDS|||797,242|13,870,022|(13,485,993)||1,181,271|
##
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||Unrestricted|Unrestricted|||
|---|---|---|---|---|
||General|Fixed Asset|Restricted|Total|
||fund|fund|funds|funds|
||F.|E||5|
|Tangible Fixed Assets||337,933||337,933|
|Current assets / liabilities|184,943||653,612|838,555|
|Liabilities over 1year|||||
||184,943|337,933|653,612|1,176,488|
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