Charity number: 1184828 THE FRIENDS OF HARROW WEALD UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE FRIENDS OF HARROW WEALD CONTENTS Page Reference and administrative details of the Charity. its Trustees and advisers Trustees. report statement of financial activities Balance Sheet Notes to the financial statements 8-14
THE FRIENDS OF HARROW WEALD REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees R Vaughan N Barber Charity registered number 1184828 Principal office 80 Boxtree Lane Harrow London HA3 6JN Bankers HSBC Bank plc 1 Centenary Square Birmingham B1 1HQ Page 1
THE FRIENDS OF HARROW WEALD TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees present their annual report together with the financial statements of the The Friends of Harrow Weald for the year 1 January 2021 to 31 December 2021. Objectives and activities a. Polieies and objectives The charity's object is lo further or benefit the residents of Harrow Weald, and the neighbourhood, by associating together the said residents and the local authority, (London Borough of Harrow), voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social weWare for eallOn and leisure lime occupation with the objective of improving the conditions of life for the resident. In setting objectives and planning for activities, the Trustees have given due consideration to general guidanee published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8 charity IPB21'. b. Strategies for achieving objeetives The Friends of H8rr()w Weald will run a cafe (the P8rkLife Café) and facilitate eommunity aclivilies. P8rkLife Café is 8 community initiative designed to bring people together, support nature, and provide new park facilities without incurring ongoing societal costs. Funded by donations and volunteer efforts, P8rkLife fosters community spirit and cooperation. We develop projects for everyone lo enjoy, including the growth of our Busby Clubs, where earers e8n come to ParkLife lo relax and connect with others. Our Harmony Hubs celebrate and educate about cultuffil and religious differences. We 81so support local charities by offering free meals for up to 25 people, providing a relaxing bonding session as a thank you for their work. ParkLife aims to bring the community together through 8 series of talks and sessions by researchers, volunteers, and other community-minded individuals. As part of our broader goal, we are working towards creating the Harrow Weald Health Hub, integrating all our projects and acb'vities in harmony with the ParkLife mission. c. Activities undertaken to achieve objeetives During the year, cafe set up activities were undertaken, with the Cafe opening in November 2021. Additionally, we have started eollabor8ting with the Harrow Art Society, planning bimonthly "Meet the Artisv, sessions. Page 2
THE FRIENDS OF HARROW WEALD TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Objectives and activities leontinuedl d. Main activities undertaken to further the Charity's purposes for the public benefit The public benefits of the P8rkLife Café project are as follows". Community Cohesion: ParkLife Café fosters a sense of community by bringing people together through various inclusive projects and events, promoting social harmony and mutual understanding. Support for Nature- The initiative supports environmental conservation efforts within the park, enhancing green spaces for public enjoyment and ecologic81 health. Enhanced Facilities- ParkLife provides new amenities and facilities previously unavailable to park users, improving the overall park experience. Cost-Effieient: The project operates without imposing ongoing costs on society, relying on donations and volunteer efforts, making it a sustainable community model. Cuftural Education: Harmony Hubs and other cultural events educate the public about cultural and religious differènces, fostering tolerance and diversity. Support for Carers: The growth of Busby Clubs offers earers a space to re18x and connect with others, providing much-needed respite and support. Charity Support: Local charities benefit from free meals and bonding sessions, recognizing and rewarding their contributions to the community. Health and Wellbeing.. The initiative contributes to public health through the planned Harrow Weald Health Hub, offering talks and sessions that promote well-being and he81thy living. Art and Culture: co118boralion with the Harrow Art Society introduces art to the community through bimonthly 'Meel the Artist sessions, enriching the cultural life of the area. Volunteèr Opportunities- The project provides numerous opportunities for volunteerism, eneour8ging civic engagement and personal growth among participants. Aehievements and performance a. Main achievements of the Charity Limited activity took place due to the Covid pandemic. However the Cafe was opened in November 2021. Financial review a. Going coneem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to eontinue in operational existence for the foreseeable futu. For this reason, they continue lo adopt the going eoncern basis in preparing thè financial stalemenls. Further details regarding the adoption of the going COnM basis can be found in the accounting policies. Page 3
THE FRIENDS OF HARROW WEALD TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 b. Reserves policy We plan to have a reserves policy of al le8St £15,000, growing this in line with costs and activities e8ch year. c. Finacial review The Friends of Harrow Weald generated unrestricted income lotalling £12,216 in the period to 31 December 2020. Costs of £12,065 were incurred. The unrestricted surplus for the period was £151. A restricted grant for £5,000 was also received. No expenditure was made against this in the period. Structure, govemance and management a. Constitution The Friends of Harrow Weald is a registered charity, number 1184828, and is eonslituled under a CIO Constitution. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Conslitulion. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally AcpIed Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give 8 true and fair view of the state of affairs of the Charity and of ils incoming resources and application of resources, induding its income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo". select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Constilulion. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
THE FRIENDS OF HARROW WEALD TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Approved by order of the members of the board of Trustees and signed on their behalf by". E VawhaK R Vaughan ITrusteel Dale. 0610712024 Page 5
THE FRIENDS OF HARROW WEALD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Total Total funds funds period ended 2021 2020 Unrestricted funds 2021 Restricted funds 2021 Note Income from: Donations and legacies Charitable activities 8,893 3.323 5,000 13,893 3.323 Total income 12,216 5,000 17,216 Expenditure on: Charitable activities 12.065 12.065 Total expendlture 12,065 12,065 Net movemgnt in funds 151 5,000 5,151 Roconciliation of funds: Nel movement in funds 151 5,000 5.151 Total funds carried forward 151 5,000 5,151 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 10 14 form part of these financial slatemenls. Page 6
THE FRIENDS OF HARROW WEALD BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note Fixed assets Tangible assets 2,878 2.878 Current assets Cash al bank and in hand 6,784 7.860 6.784 7,860 Creditors." amounts falling due within one year 14,511) (7,860) Net current assets 2,273 Total net assets 5,151 Charity funds Reslricled funds Unrestricted funds 5.000 151 Total funds 5,151 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. E Va(gkaR R Vaughan ITrusteel Dale.. 0610712024 The notes on pages 8 10 14 form part of these financial statements. Page 7
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 General information The Friends of Harrow Weald is a Charitable Incorporated Organisation (England and Wales registered charity number 11848281. Its principal activity is to work towards transforming parks into the very best community centres. Accounting policies 2.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Friends of Harrow Weald meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entillemenl to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes bul not expended dLJring the period is shown in the relevant funds on the Balan sheet. Where income is received In advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred Income. Vvhere entitlement occurs before income is received, the income is accrLJed. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs inVoed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resoLJrces. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on direcUy undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 8
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies Icontinuedl 2.4 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Fixtures and fillings 20Qh Slraighl line 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.6 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balan sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the selllement can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anlicipales it will pay lo settle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Slalement of financial activities as a finan cost. 2.7 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their selllemenl value with the exptIon of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.8 Period of account The comparative information covers the period from 8 August 2019 10 31 Dember 2020. Page 9
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies Icontinuedl 2.9 Fund accounting General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are fvnds which are to be used in accordan with specific reslriclions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Income from donations and legacies Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Donations Grants 8,893 8.893 5,000 5,000 8,893 5,000 13,893 Income from charitable activities Unrestricted funds 2021 Total funds 2021 Total funds 2020 Community cafe 3,323 3,323 Page 10
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Analysis of expenditure by activities Activities undertaken directly 2021 Support costs 2021 Total funds 2021 Total funds 2020 Community cafe 4,012 8,053 12,065 Analysis of direct costs Community cafv 2021 Total funds 2021 Total funds 2020 Catering supplies 4,012 4.012 Analysis of support costs Community cafe 2021 Total funds 2021 Total funds 2020 Depreciation Rent Bank charges Cafe sel up costs Governance costs 720 2,215 720 2,215 3,613 1,500 3.613 1.500 8,053 8,053 Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2020- £NIL). During the year ended 31 December 2021, no Trustee expenses have been incurred (2020- £NILJ. Page11
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Tangible fixed assets Fixtures and fittings Cost or valuatlon Additions 3,598 At 31 December 2021 3,598 Depreciation Charge for the year 720 At 31 December 2021 720 Net l)ook value At 31 December 2021 2,878 At 31 Decembgr 2020 Creditors: Amounts falling due within one year 2021 2020 Other creditors 796 7,860 Accruals and deferred income 3,715 4.511 7, 860 Page 12
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 statement of funds statement of funds - current year Balance at 31 December 2021 Income Expenditure Unrestricted funds General Funds 12,216 {12.065} 151 Restrlcted funds Litter picking project 5.000 5.000 Total of funds 17,216 {12.065} 5,151 Statement of funds - prior year Ba18nce at 31 December 2020 Unrestricted funds General funds 10. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets 2,878 1,784 14,5111 2.878 6,784 14,5111 5,000 Creditors due within one year Total 151 5,000 5,151 Page 13
THE FRIENDS OF HARROW WEALD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 10. Analysis of net assets between funds {continuedl Analysis of net assets between funds - prior year Unrestricted funds 2020 Total funds 2020 Current assets Creditors due within one year 7,860 (7,860) 7,860 (7,860) Total 11. Funds received as agent During the previous year a grant relating lo The Friends of Harrow Weald Recreation Ground totalling £20,000 was reiVed by the charity. Expenditure on behalf of The Friends of Harrow Weald Recreation Ground lotalled £7,06312020.' £12,140). £79712020.. £7,860) remained unspent as at 31 December 2021 and is shown under note 8 as a creditor. 12. Related party transactions During the year expenditure lotalling £7,693 was funded by the trustees relating lo cafe set up costs lincluded under donations in note 31. Page 14