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||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|
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||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|
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|||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|
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||||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|
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|||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||||
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||||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|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||£|£|
|Young|People|6,823|6,823|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2020|2020|
|£|£|
|74727|74,727|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||£|£|
|Fundraising|Events|308|308|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|||£|£|
|Fundraising|Events|531|531|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||£|£|£|
|Bank|Interest|270|270|-|
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||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|
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|||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|
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||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|
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||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|
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||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|
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||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|
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||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|
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||2021|2020|
|---|---|---|
||£|£|
|Other debtors|3,938|-|
|Prepayrnentsand accrued income|72,594|1,594|
||76,532|1,594|
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||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|
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|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|
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|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|
##
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||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|
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||||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|
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