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|Report ofthe Trustee Board|Report ofthe Trustee Board|
|---|---|
|Report ofthe Independent|Examiner|
|Accounts comprising:||
|Statement ofFinancial Activities||
|Balance Sheet||
|Notes to the Accounts||
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|NAME OFTHE|CHARITY|Westminster
House Youth Club|Westminster
House Youth Club|Westminster
House Youth Club||
|---|---|---|---|---|---|
|PRINCIPAL ADDRESS||29 Nunhead
Grove,||||
|||London, SE153LZ||||
|COMPANY REGISTRATION NUMBER||13083464(England and Wales}||||
|CHARITY REGISTRATION NUMBER||1194411||||
|MANAGEMENT|COMMITTEE|V. Peel||||
|||R.Parker||||
|||R.Lomax||||
|||C. Hill||||
|||Y Dow||||
|||D Haynes||||
|CHAIR||V. Peel||||
|TREASURER||R.Lomax||||
|SECRETARY||R.Parker||||
|CUSTODIANTRUSTEE||Federation
ofLondon Youth Clubs||||
|INDEPENDENT|EXAMINER|Alex Koupland,
Calder SCo.,||||
|||30 Orange Street||||
|||London||||
|||WC2H 7HF||||
|SOLICITORS||Sebastians,||||
|||St.Bartholomew|House,|||
|||92 Fleet Street,||||
|||London, EC4Y 1PB||||
|BANKERS||Barclays Bank Plc.,||||
|||Dulwich
Group,||||
|||P.O.Box270,||||
|||London, SE154RD||||
|INVESTMENT MANAGERS||Black Rock Investment
12Throgmorton
Avenue||Management|(UK) Ltd. ,|
|||London EC2N 2DL||||
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|||||Restricted|Funds|||
|---|---|---|---|---|---|---|---|
||Note|Unrestricted|||Expendable|Total|Total|
|||Funds||Income|Endowment|2022|2021|
|Incoming Resources||||||||
|Incoming Resources from||||||||
|Generated
Funds:—||||||||
|Subscriptions||||||||
|Grants and similar||||||||
|voluntary||||||||
|Income
Donations
Investment
income
Other income||15,665
15,784
16,709||344,333||344,333
15,665
15,784
16,709|282,989
44,504
15,356
2,440|
|Total Incoming Resources||48,158||344,333||392,491|345,289|
|Resources Expended:—||||||||
|Charitable
activities||10,729||316,628||327,357|292,235|
|Total Resources Expended||10,729||316,628||327,357|292,235|
|Net Incoming/(Outgoing)||||||||
|Resources
before Transfers
Transfers:—||37,429||27,705||65,134|53,054|
|Gross Transfers
between||||||||
|Funds||||||||
|Net Incoming/(Outgoing)||||||||
|Resources
before Other||||||||
|Recognised
Gains and Losses
Gain (Loss) on Revaluations—||37,429||27,705||65,134|53,054|
|—Investment
assets|12|31,462||||31,462|88,905|
|Net Movement
in Funds||68,891||27,705||96,596|141,959|
|Total Funds brought
forward||594,409||81,884|330,000|1,006,293|864,334|
|Total Funds carried forward||R663,300|8|109,589|8330,000|RI,102,889|R1,006,293|
|CONTINUING
ACTIVITIES||||||||
##
|||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|
|||31STMARCH 2022|||||
|||Unre-|Restricted Funds||||
|||stricted||Expendable|Total|Total|
||Notes|Funds|Income|Endowment|2022|2021|
|FIXEDASSETS|||||||
|Tangible Fixed Assets||56,014|11,210|330,000|397,224|362,202|
|INVESTMENTS|12|538,284|||538,284|506,822|
|CURRENT ASSETS|||||||
|Debtors|13|488|||488||
|Cash at Bank and in Hand|14|69,214|130,201||199,415|195,048|
|||69,702|130,201||199,903|195,536|
|LIABILITIES|||||||
|CREDITORS: AMOUNTS|||||||
|FALLING DUE WITHIN|||||||
|ONE YEAR|15|700|31,822||32,522|58,267|
|NET CURRENT ASSETS||69,002|98,379||167,381|137,269|
|||663,300|109,589|330,000|1,102,889|1,006,293|
|CREDITOR: AMOUNT|||||||
|FALLING DUE IN MORE|||||||
|THAN ONE YEAR|15||||||
|TOTAL NET ASSETS||R663,300|8109,589|8330,000|Rl,102,889|R1,006,293|
|Representing:|||||||
|UNRESTRICTED FUNDS|||||||
|Designated
Income|16|309,000|||309,000|309,000|
|General Income|17|354,300|||354,300|285,409|
|||663,300|||663,300|594,409|
|RESTRICTED FUNDS|||||||
|Income|18||109,589||109,589|81,884|
|Expendable
Endowment|19|||330,000|330,000|330,000|
||||109,589|330,000|439,589|411,884|
|TOTAL FUNDS||R663,300|R109,589|8330,000|R1,102,889|R1,006,293|
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|GRANTS AND SIMILAR VOLUNTARY INCOME|GRANTS AND SIMILAR VOLUNTARY INCOME|2022|2021|
|---|---|---|---|
|Specific Grants||344,333|282,989|
|General Grants||||
|||R344,333|8282,989|
|DONATIONS||2022|2021|
|Sundry Donations
HMRC Coronavirus|Job|15,665|24,010|
|Retention
Scheme|||20,494|
|||K15,665|44,504|
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|OTHERINCOME|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Sundry
Other Income|||||7,568|2,440|
|Gain on disposal offixed assets|||||9,141||
||||||R16,709|R2,440|
|INVESTMENT INCOME|||||||
|Bank Interest|||||13|14|
|Dividends|||||15,771|15,342|
||||||815,784|R15,356|
|CHARITABLE ACTIVITIES|||Restricted Funds||||
|||Unrestricted||~xXendable|Total|Total|
|||Funds|Income|Endowment|2022|2021|
|Salaries
Employer's
Pension
Instructors'
Fees
Vehicle Expenses
Activities
Security Costs
Rates|Contributions|(55)
82
508|168,034
4,851
26,190
4,249
71,062
7,197||168,034
4,851
26,190
4,194
71,144
7,197
508|159,913
5,092
13,827
2,520
76,952
3,496
88|
|Light and Heat
Sundries
Insurance
Repairs and Maintenance||96
564|5,093
1,500
5,867
12,162||5,189
2,064
5,867
12,162|4,585
418
5,270
800|
|Planning
residential
Incorporation
Governance
(Note 8)
Depreciation|development|2,722
723
6,089|1,876
4,011
4,536||1,876
2,722
4,734
10,625|5,886
4,894
8,494|
|||R10,729|R316,628||8327,357|8292,235|
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|GOVERNANCE
COSTS||||2022|2021|
|---|---|---|---|---|---|
|Office Costs||||723|561|
|Independent
project evaluation||||1,988|2,353|
|Independent
Examination|Fee|||1,623|1,580|
|Accountancy||||400|400|
|||||R4,734|R4,894|
|TOTAL RESOURCES EXPENDED||||||
||Staff|Depreci-|Other|Total|Total|
||Costs|ation|Costs|2022|2021|
|Direct Charitable||||||
|Expenditure|172,885|10,625|139,313|322,623|281,455|
|Management
and Admin||||||
|istration ofthe Charity||||4,734|4,894|
|||||8327,357|R286,349|
|Wages and Salaries||||156,860|149,654|
|Social Security Costs||||11,174|10,259|
|Employer's
Pension||||168,034|159,913|
|Contributions||||4,851|5,092|
|||||8172,885|R165,005|
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||Freehold|||||
||Land and||Fixtures and|||
||~Buitdin
s|EttEui ment|~Fittin s|Minibuses|Total|
|Cost or Valuation||||||
|1st April 2021
Additions at cost|330,000|55,322|15,920|59,012
50,506|460,254
50,506|
|Disposals||||(39,142)|(39,142)|
|31stMarch 2022|6330,000|855,322|615,920|670,376|R471,618|
|Depreciation
1st April 2021
Charge for Year
On disposals||642,609
1,268|814,182
177|841,261
9,180
(34,283)|R98,052
10,625
(34,283)|
|31stMarch 2022||843,877|814,359|R16,158|R74,394|
|Net Book Value||||||
|31stMarch 2022|8330,000|611,445|R1,561|654,218|8397,224|
|31stMarch 2021|8330,000|612,713|R1,738|817,751|6362,202|
|12.|INVESTMENTS||31.3.22||||
|---|---|---|---|---|---|---|
||||Gain/(Loss)||31.3.22|31.3.21|
||||On||Market|Market|
||||Revaluation|Cost|Value|Value|
||Blackrock Charities|UK Bond Fund A|||||
||26136.364 Income|Shares|(3,659)|46,000|45,216|48,875|
||Blackrock Charities|UK Equity Fund A|||||
||68864.363Income|Shares|35,121|214,000|493,068|457,947|
||||631,462|8260,000|8538,284|k:506,822|
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|DEBTORS|2022|2021|
|---|---|---|
|Income Tax Recoverable|400|400|
|Grants receivable|||
|Amounts
Paid in Advance and Receivable||88|
||8488|R488|
|CASH AT BANK AND IN HAND|||
|Cash at bank and in hand is divided between the Charity's|funds as follows:—||
|(a) Unrestricted
Funds|||
|Projects shortfall|59,000|59,000|
|General income|10,214|9,052|
||69,214|68,052|
|(b) Restricted Funds|||
|General endowment|||
|Restricted income fund|130,201|126,996|
|Total Cash at Bank and In Hand|8199,415|8195,048|
|CREDITORS|||
|Due Within
One Year|||
|Accruals
Advance
payment|2,411|2,411|
|Deferred grants|30,111|55,856|
||832,522|858,267|
|16.|UNRESTRICTED FUNDS|2022|2021|
|---|---|---|---|
||DESIGNATED INCOME FUNDS|||
||(i) Project Shortfall|||
||At 1 April 2021
Transfer from/(to)
General Income Fund|59,000|59,000|
||At 31stMarch 2022
(ii) Residential
Investment|59,000|59,000|
||At 1 April 2021|250,000|250,000|
||Transfer from/(to)
General Income Fund|||
||At 31stMarch 2022|||
|||250,000|250,000|
||Balance at 31March 2022|8309,000|8309,000|
|17.|UNRESTRICTED FUNDS:|||
||GENERAL INCOME|||
||Balance at 1stApril 2021|285,409|169,778|
||Net Incoming
(outgoing)
Resources before Transfers|37,429||
||Transfer from (to) Restricted Income Fund|||
||Gain (loss) on revaluation
ofinvestments|31,462|88,905|
||Balance at 31March 2022|8354,300|8285,409|
##
||FORTHE|FORTHE|YEAR ENDED|31STMARCH 2022|31STMARCH 2022||||
|---|---|---|---|---|---|---|---|---|
||RESTRICTED FUNDS:||Balance|Movement||in Funds||Balance|
||INCOME FUND||1stApril|Ness|~Ex enditure||Transfers|31stMarch|
||||2021|Resources||||2022|
||Reaching Communities|- Big Lottery|||||||
|(i)|Fund||||||||
||2019Grant||1,906|88,468|(90,997)|||(623)|
|(ii)|Awards for All (BigLottery Fund)||2,329|||(1,722)|(607)||
||Reaching Communities|- BigLottery|||||||
|(iii)|Fund||||||||
||Corona virus||1,517|||(1,517)|||
||London Borough ofSouthwark-||||||||
|(iv)|Coronavirus||21,167|||||21,167|
||London Borough ofSouthwark—||||||||
|(V)|Coronavirus||1,985||||(1,985)||
||Borough ofSouthwark|—Youth Service|||||||
|(Vl)|Grant||4,264|30,960|(31,163)|||4,061|
|(Vii)|Southwark Food and Fun Programme|||1,080||||1,080|
|(viii)|"LEAP" Funds||||||||
||Girdlers Company||12,870|15,000|(27,258)|||612|
|(ix)|Girdlers Company
Trust|||1,269||(1,069)||198|
|(x)|Tenants and Residents|Safety|||||||
||Improvement
Grant||98|||||98|
|(xi)|Peter Minet Trust|||30,000|(16,488)||(13,512)||
|(Xli)|Meals Go Fund Me||177|||(177)|||
|(xlll)|Kitchen SociaVHealth|&Fed|7,615|24,278|(18,242)||(11,123)|2,528|
|(xiv)|CIN - Youth Futures|Foundation|3,528|55,347|(57,655)|||1,220|
##
||RESTRICTED FUNDS:|Balance|Balance|Movement|Movement|in Funds||Balance|
|---|---|---|---|---|---|---|---|---|
||INCOME FUND|1stApril||New|E~aenditnre||Transfers|3istMarch|
||(continued)|2021||Resources||||2022|
|(xv)|The Jack Petchey Foundation:-||||||||
||Award Scheme|6,746||2,550||(1,543)|(2,000)|5,753|
|(xvi)|Fighting FIT|2,451||16,000||(6,599)||11,852|
|(xvn)|The Julia and Hans Rausing Trust|||32,800|(32,800)||||
||Nunhead
and Peckham Rye||||||||
|(xviii)|Neighbourhood
Fund|2,160||5,000||(3,828)||3,332|
|(xix)|Rowena Quicke Legacy|||5,000||(3,500)||1,500|
|(xx)|TJMaxx Foundation||500|||(500)|||
|(xxi)|United St Saviours Trust|||1,900||(1,700)||200|
|(xxii)|St Olave's Foundation|||3,000||(1,122)|(1,000)|878|
|(xxiii)|London Borough ofSouthwark||||||||
||Football pitch
—donated facility|12,456||||(1,246)||11,210|
|(xxiv)|Grants for Minibus
Purchases|||||(3,291)|31,988|28,697|
|(xxv)|Peabody Trust|||7,500||(3,749)|(1,761)|1,990|
|(xxvi)|Nunhead
Knocks||112|3,596||(3,606)||102|
||Young Volunteers
(Duke of||||||||
|(xxvii)|Edinburgh)|||10,635||(4,111)||6,524|
|(xxviii)|Family Support Fund
(Elinor Blick)|||9,950||(2,745)||7,205|
||The Garfield|Weston Foundation|||||||
|(xxix)|OI Will Fund||||||||
|(XXX)|The Garfield Weston Foundation||||||||
|||81,884||344,333|316,628|||109,589|
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|RESTRICTED FUNDS:||||
|---|---|---|---|
|EXPENDABLE ENDOWMENT|FUND|2022|2021|
|Balance at 1stApril 2021||330,000|330,000|
|Transfer to general income||||
|Balance at 31stMarch 2022||8330,000|R330,000|
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|
following the|
transfer arose a|py.
s follows:—|||
|---|---|---|---|---|
|||Pre|Post|Total|
|||transfer|transfer||
|Total incoming
Total outgoing|resources
resources|253,036
210,917|139,455
116,440|392,491
327,357|
|Net Incoming|resources|842,119|823,015|865,134|