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2021-03-31-accounts
|
Page |
Page |
| Reference and administrative details ofthe Charity, its Trustees and advisers |
|
1 |
| Chairman’s statement |
|
2 |
| Trustees’ report |
3 |
- 11 |
| Independent auditor’s report on the financial statements |
12-15 |
|
| Statement offinancial activities |
|
16 |
| Balance sheet |
|
17 |
| Statement of cash flows |
|
18 |
| Notes to the financial statements |
19 |
- 35 |
| Trustees |
0 Alabi (appointed 26 November 2020) |
|
J Allen |
|
K Black |
|
F Byers (appointed 12 April2021) |
|
N Hammond |
|
J Lermer |
|
Lord J Mendelsohn |
|
K Morley (appointed 26 November 2020) |
|
K Shah |
|
A Akinjirin (resigned 23 July 2020) |
|
J Masraff (resigned 26 November 2020) |
|
I Rapp (resigned 12 April2021) |
| Company registered |
|
| number |
10445685 |
| Charity registered |
|
| number |
1173239 |
| Registered office |
76 Montrose Avenue |
|
Edgware |
|
HA8 ODT |
| Independentauditor |
Crowe U.K. LLP |
|
3rd floor |
|
The Lexicon |
|
Mount Street |
|
Manchester |
|
M2 5NT |
| Bankers |
Handelsbanken |
|
Hygela Building |
|
66 College Road |
|
Harrow |
|
HAl 1BE |
|
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
2020-21 |
202021 |
2020-21 |
2019-20 |
|
£ |
£ |
£ |
£ |
| Total Income |
1.762,663 |
327,112 |
2,089,775 |
1,814,586 |
| Total Expenditure |
830.348 |
509551 |
1,339,899 |
1,286,564 |
| Net Income/(Expenditure) |
932,315 |
(182,439) |
749,876 |
52022 |
| Transfer between Funds |
(112,616) |
112,616 |
- |
- |
| Net Movement in Funds |
819,69g |
(69,823) |
749,876 |
528.022 |
| Total Funds Carried Forward |
1,880,556 |
6,121,597 |
8,002,153 |
7,252,277 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
4 |
1,604,384 |
327112 |
1,931,496 |
1,635,593 |
| Charitable activities |
5 |
6823 |
- |
6,623 |
74,727 |
| Other trading activities |
6 |
306 |
- |
308 |
531 |
| Investments |
7 |
270 |
- |
270 |
- |
| Other income |
8 |
150,878 |
- |
150,878 |
103,735 |
| Total income |
|
1,762,663 |
327,112 |
2,089,775 |
1,814,586 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
9 |
2,447 |
486 |
2,933 |
636 |
| Charitable activities |
10 |
827,901 |
509,065 |
1,336,966 |
1,285,928 |
| Total expenditure |
|
830,348 |
509,551 |
1,339,899 |
1,286,564 |
| Net incomel(expenditure) |
|
932315 |
(182,439) |
749,676 |
528.022 |
| Transfers between funds |
18 |
(112,616) |
112,616 |
- |
- |
| Net movement in funds |
|
819,699 |
(69,823) |
749,876 |
528,022 |
| Reconciliation of funds: |
|
|
|
|
|
| Total funds brought forward |
|
1,060,851 |
6,191,420 |
7,252,277 |
6,724,255 |
| Net movement in funds |
|
819,699 |
(69,823) |
749,876 |
528,022 |
| Total funds carried forward |
|
1,880,556 |
6,121,597 |
8,002,153 |
7,252,277 |
|
|
|
2021 |
|
2020 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
15 |
|
6,142,513 |
|
6,166287 |
|
|
|
6,142,513 |
|
6,l6287 |
| Current assets |
|
|
|
|
|
| Debtors |
16 |
76,532 |
|
1.594 |
|
| Cash at bank and in hand |
|
1,998,893 |
|
1,201,962 |
|
|
|
2,075,425 |
|
1,203,556 |
|
| Creditors; amounts falNng due within one |
|
|
|
|
|
| year |
17 |
(215,785) |
|
(117,566) |
|
| Net current assets |
|
|
1,859,640 |
|
1.085.990 |
| Total assets less current liabilities |
|
|
8,002,153 |
|
7,252,277 |
| Net assets excluding pension asset |
|
|
8,002,153 |
|
7,252,277 |
| Total net assets |
|
|
8,002,153 |
|
7,252,277 |
| Charity funds |
|
|
|
|
|
| Restricted fLinds |
18 |
|
6,121,597 |
|
6,191,420 |
| Unrestricted funds |
18 |
|
1,880,556 |
|
1,060,857 |
| Total funds |
|
|
8,002,153 |
|
7,252,277 |
|
|
2021 |
2020 |
|
Note |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Net cash used in operating activities |
20 |
959,277 |
749835 |
| Cash flows from investing activities |
|
|
|
| Dividends, interests and rents from investments |
|
270 |
|
| Purchase of tangible fixed assets |
|
(162,616) |
(1,063,982) |
| Net cash used In investing activities |
|
(162,346) |
(1,063,982) |
| Cash flows from financing activities |
|
|
|
| Net cash provided by financing activities |
|
- |
- |
| Change in cash and cash equivalents in the year |
|
796,931 |
(314,147) |
| Cash and cash equivalents at the beginning of the year |
|
1,201,962 |
1,516,109 |
| Cash and cash equivalents at the end ofthe year |
21 |
1,998,893 |
1201,962 |
| The notes on pages 19 to 35 form part of these financial statements |
|
|
|
|
|
|
UnrestrIcted |
Restricted |
Total |
|
|
|
funds |
funds |
funds |
|
|
|
2021 |
2021 |
2021 |
|
|
|
£ |
£ |
£ |
| Donations |
and |
Grants |
1604,384 |
327,112 |
1,931,496 |
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
funds |
funds |
funds |
|
|
|
2020 |
2020 |
2020 |
|
|
|
£ |
£ |
£ |
| Donations |
and |
Grants |
1.215,241 |
420,352 |
1,635,593 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Young |
People |
6,823 |
6,823 |
| Unrestricted |
Total |
| funds |
funds |
| 2020 |
2020 |
| £ |
£ |
| 74727 |
74,727 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Fundraising |
Events |
308 |
308 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2020 |
2020 |
|
|
£ |
£ |
| Fundraising |
Events |
531 |
531 |
|
|
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
|
|
2021 |
2021 |
2020 |
|
|
£ |
£ |
£ |
| Bank |
Interest |
270 |
270 |
- |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Other income |
10 |
10 |
| Catering income |
7,428 |
7,428 |
| CJRS income |
135,063 |
135,063 |
| Room/facility hire |
8,377 |
8,377 |
|
150,878 |
150,876 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2020 |
2020 |
|
£ |
£ |
| Other income |
16.946 |
16,946 |
| Catering income |
51,199 |
51.199 |
| Room/facility hire |
35,590 |
35,590 |
|
103.735 |
103,735 |
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
| Young |
People |
827.901 |
509,065 |
1,336966 |
|
|
Unrestricted |
Restricted |
Total |
|
|
hinds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
|
|
£ |
£ |
£ |
| Young |
People |
1,132263 |
153,665 |
1,285,928 |
|
Activities |
|
|
|
undertaken |
Support |
Total |
|
directly |
costs |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Young People |
1,001,395 |
335,571 |
1,336,966 |
|
Activities |
|
|
|
undertaken |
Support |
Total |
|
directly |
costs |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Young People |
7,004034 |
287,894 |
1,285,928 |
| Analysis of direct costs |
|
|
|
|
|
Young |
Total |
|
|
People |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Staffcosts |
|
913,362 |
913,362 |
| Depreciation |
|
42,126 |
42,126 |
| Other Staffing Costs |
|
10,424 |
10,424 |
| Management Costs |
|
297 |
297 |
| Delivery Costs |
|
35,186 |
35,186 |
|
|
1.001,395 |
1,001,395 |
|
Young |
Total |
|
People |
funds |
|
2020 |
2020 |
|
£ |
£ |
| Staff costs |
831169 |
831,169 |
| Depreciation |
33,494 |
33,494 |
| Other Staffing Costs |
28,232 |
28,232 |
| Management Costs |
276 |
276 |
| Premises Costs |
97 |
97 |
| Delivery Costs |
110,766 |
110,766 |
|
1.004,034 |
1,004,034 |
|
Young |
Total |
|
People |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Depreciation |
144264 |
144,264 |
| Management Costs |
125875 |
125,875 |
| Premises Costs |
65,432 |
65,432 |
|
335,571 |
335,571 |
|
Young |
Total |
|
People |
funds |
|
2020 |
2020 |
|
£ |
£ |
| Depreciation |
109,841 |
109841 |
| Management Costs |
108200 |
108.200 |
| Premises Costs |
63853 |
63,853 |
|
281,894 |
281.894 |
|
2021 |
2020 |
|
£ |
£ |
| Fees payable to the Charity’s auditorforthe audit ofthe Charity’s annual |
|
|
| accounts |
4000 |
5,700 |
| Fees payable to the Charity’s auditor in respect of: |
|
|
| All non-audit services not included above |
950 |
- |
|
2021 |
2020 |
|
£ |
£ |
| Wages and salaries |
845,163 |
782,370 |
| Social security costs |
54,095 |
37,087 |
| Contribution to defined contribution pension schemes |
14,104 |
11.712 |
|
913,362 |
831,169 |
|
|
2021 |
2020 |
|
|
No. |
No. |
| Youth |
Zone |
76 |
73 |
|
Freehold |
Fixtures and |
Computer |
|
|
property |
fittings |
equipment |
Total |
|
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
| At 1 April 2020 |
6.040,094 |
202,642 |
67,724 |
6310,460 |
| Additions |
152,658 |
2,856 |
7102 |
162,616 |
| At 31 March 2021 |
6,192,752 |
205,498 |
74,826 |
6,473,076 |
| Depreciation |
|
|
|
|
| At 1 April2020 |
90,566 |
33,494 |
20,113 |
144,173 |
| Charge for the year |
121,488 |
42,126 |
22,776 |
186,390 |
| At 31 March 2021 |
212,054 |
75,620 |
42,889 |
330,563 |
| Net book value |
|
|
|
|
| At 31 March 2021 |
5,980,698 |
129,878 |
31,937 |
6,142,513 |
| At31 March 2020 |
5,949,528 |
169,148 |
47.611 |
6,166,287 |
|
2021 |
2020 |
|
£ |
£ |
| Other debtors |
3,938 |
- |
| Prepayrnentsand accrued income |
72,594 |
1,594 |
|
76,532 |
1,594 |
|
2021 |
2020 |
|
£ |
£ |
| Trade creditors |
14,793 |
8,890 |
| Other taxation and social security |
61,456 |
22,759 |
| Other creditors |
63,907 |
60,044 |
| Accruals and deferred income |
75,629 |
25,873 |
|
215,785 |
117,566 |
Statement offunds
- current y |
ear |
|
|
|
|
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
Transfers |
31 March |
|
April 2020 |
Income |
Expenditure |
inout |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designated funds |
|
|
|
|
|
| Designated Funds |
150,000 |
- |
- |
- |
1 50,000 |
| General funds |
|
|
|
|
|
| General Funds |
910,857 |
1762,663 |
(830,348) |
(112616) |
1,730,556 |
| Total Unrestricted funds |
1,060,857 |
1,762,663 |
(830,348) |
(112,616) |
1,880,556 |
| Restricted funds |
|
|
|
|
|
| Fixed Assets |
6,181,398 |
- |
(186,389) |
112,616 |
6,107,625 |
| J Petchey Comms Manager |
9,022 |
(3,500) |
- |
- |
5,522 |
| J Petchey Achievements |
|
|
|
|
|
| Awards |
1,000 |
1,500 |
- |
- |
2500 |
| Community Match Challenge |
- |
211,890 |
(211.890) |
- |
- |
National Lottery
- COVID |
|
|
|
|
|
| Support |
- |
82,662 |
(82,662) |
- |
- |
| City Bridge |
- |
28,610 |
(28,610) |
|
- |
| Renovation of Recreation Area |
|
|
|
|
|
| - JG |
- |
5,950 |
- |
- |
5,950 |
|
6,191,420 |
327,112 |
(509,551) |
112,616 |
6,121,597 |
| Total offunds |
7,252,277 |
2,089,775 |
(1,339,899) |
- |
8,002,153 |
Statement offunds
- prior ye |
ar |
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
Balance |
at |
|
|
Transfers |
31 March |
|
1 April 2019 |
|
Income |
Expenditure |
in/out |
2020 |
|
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
|
| Designated funds |
|
|
|
|
|
|
| Designated Funds |
- |
|
- |
- |
150,000 |
150,000 |
| General funds |
|
|
|
|
|
|
| General Funds |
799,255 |
|
1,394,234 |
(1,132,632) |
(150,000) |
910,857 |
| Total Unrestricted funds |
799,255 |
|
1,394,234 |
(1,132,632) |
- |
1,060,857 |
| Restricted funds |
|
|
|
|
|
|
| Fixed Assets |
5,925,000 |
|
400,000 |
(143,602) |
- |
6,181,398 |
| J Petchey Comms Manager |
- |
|
19,352 |
(10,330) |
- |
9.022 |
| J Petchey Achievements |
|
|
|
|
|
|
| Awards |
- |
|
1,000 |
- |
- |
1,000 |
|
5,925,000 |
|
420,352 |
(153,932) |
- |
6191,420 |
| Total offunds |
6,724,255 |
|
1,814,586 |
(1,286,564) |
- |
7,252,277 |
|
Analysis of net assets between funds
- current year |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
|
Tangible fixed assets |
50,000 |
6092,513 |
6,142,513 |
|
Current assets |
2,046341 |
29.084 |
2,075,425 |
|
Creditors due within one year |
(215,785) |
- |
(215,785) |
|
Total |
1880,556 |
6,121,597 |
8,002,153 |
|
Analysis of net assets between funds - prior year |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
|
|
£ |
£ |
£ |
|
Tangible fixed assets |
- |
6,166,287 |
6,166.287 |
|
Current assets |
1,203,553 |
- |
1,203,553 |
|
Creditors due within one year |
(142,699) |
25,133 |
(117,566) |
|
Total |
1060,854 |
6,191,420 |
7,252274 |
| 20. |
Reconciliation of net movement in funds to net cash flow from operating |
|
activities |
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Net income for the year (as per Statement of Financial Activities) |
|
749,876 |
528.022 |
|
Adjustments for: |
|
|
|
|
Depreciation charges |
|
186,390 |
143,335 |
|
Dividends, interests and rents from investments |
|
(270) |
- |
|
Increase in debtors |
|
(74,938) |
(921) |
|
Increase in creditors |
|
98,219 |
79,399 |
|
Net cash provided by operating activities |
|
959,277 |
749,835 |
|
|
|
2021 |
2020 |
|
|
|
E |
£ |
|
Cash in hand |
|
1,998,893 |
1,201962 |
|
Total cash and cash equivalents |
|
1,998,893 |
1,201,962 |
| 22. |
Analysis of changes in net debt |
|
|
|
|
|
At ‘1 April |
|
At 31 March |
|
|
2020 |
Cash flows |
2021 |
|
|
£ |
£ |
£ |
|
Cash at bank and in hand |
1201,962 |
796,931 |
1,998,893 |
|
|
1,201,962 |
796,931 |
1,998,893 |
| 23. |
Capital commitments |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Contracted for but not provided in these financial statements |
|
|
|
|
Acquisition oftangible fixed assets |
|
- |
36,653 |