2021-03-31-accounts

Reference and administrative details ofthe Company,	its Trustees and advisers
Trustees' report		2-6
Independent auditors' report on the financial statements		7-10
Consolidated statement offinancial activities
Consolidated balance sheet.		12 - 13
Company balance sheet		14 - 15
Consolidated statement of cash flows		16
Notes to the financial statements		17-33

Trustees			Sarah Cary
			Ross Mitchell (resigned 29		April	2020)
			Clarisse Simonek (resigned		24	May 2022)
			Denis Philip King	(resigned	24 May 2022)
			Jordan Bookman
			Tamsin Chislett (resigned 14December 2020)
			Patrizia Canziani	(appointed	28 September 2020)
			Andrew Catcheside (appointed			28 September 2020)
			Michael Delfs, Chair (appointed			10July 2019)
			Symone Krimowa	{appointed 2		February 2021)
			Stewart Whiting	(appointed	2 February 2021)
Company	registered
number			01355222
Charity registered
number			275489
Registered		office	The Print House
			18Ashwin Street
			London
			E83DL
Independent		auditors	Kreston Reeves	LLP
			Chartered Accountants
			2nd Floor
			168Shoreditch High Street
			London
			E1 6RA

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
			Note			F
Income from:
Donations and legacies				387,152	387,152	4,033
Charitable activities				1,369,033	1,369,033	1,619,660
Other trading activities				134,414	134,414	531,787
Bank interest						5
Total income				1,890,599	1,890,599	2,155,485
Expenditure on:
Raising funds				199,100	199,10D	490,510
Charitable activities				1,746,016	1,746,016	1,970,124
Total expenditure				1,945,116	1,945,116	2,460,634
Net expenditure	before taxation			(54,517}	(54,517)	(305,149)
Taxation				2,155	2,155
Net movement	in funds before other recognised
gains				{52,362)	{52,362)	(305,149)
Net movement	in funds			(52,362)	{52,362)	(305,149)
Reconciliation	offunds:
Total funds brought		forward		1,240,364	1,240,364	1,545,513
Net movement	in funds			{52,362}	(52,362)	{305,149)
Total funds carried forward				1,188,002	1,188,0D2	1,240,364

						2021		2020
Fixed assets
intangible assets				11		7,394		9,669
Tangible assets				12		3,447,720		3,537,643
						3,455,114		3,547,312
Current assets
Debtors					508,889		289,818
Cash at bank and	in	hand			81,539		534
					590,428		290,352
Creditors: amounts		falling	due within one
year				15	(1,544,578)		(1,178,?87)
Net current liabilities								{888,435)
Total assets less	current		liabiiities			2,500,964		2,658,877
Creditors: amounts		falling	due after more
than one year						(1,312,962)		(1,418,513)
Total net assets						1,188,002		1,240,364
Charity funds
Restricted funds				17
Unrestricted funds
Revaiuation reserve				17	1,563,869		1,589,178
Capital funds				17	585,791		601,701
General funds				17	(961,658)		(950,515)
Total unrestricted	funds					1,188,002		1,240,364
Total funds						1,188,002		1,240,364

					2021		2020
			Note				F
Fixed assets
Intangible assets			11		7,394		9,669
Tangible assets			12		3,447,720		3,537,643
Investments			13		10		10
					3,455,124		3,547,322
Current assets
Debtors			14	501,034		284,461
Cash at bank and	in hand			?7,760		24
				578,794		284,485
Creditors: amounts	falling	due within one
year			15	(1,502,247)		(1,197,278)
Net current liabilities					(923,453)		(912,793)
Total assets less	current	liabilities			2,531,671		2,634,529
Creditors: amounts	falling	due after more
than one year					(1,312,962)		(1,418,513)
Total net assets					1,218,709		1,216,016
Charity funds
Unrestricted funds
Revaluation reserve			17	1,563,869		1,589,178
Capital funds			17	585,791		601,701
General funds			17	(930,951)		(974,863)
Total unrestricted	funds				'1,218,709		1,216,016
Total funds					'l,218,709		1,216,016

Consolidated stateinenrt ofcash flows
Forthe year ended $1 March %21
			2021	2020
				K
Cash flaws fram operating activities
Net cash used in operating activities			193,720	45,600
Cash flows from lnvestlrtp actlv%es
Dividends, interests and rents fram investments				5
Purchase ofintangible assets Purchase of tangible fixed assets			(4')	(8,636) (121,816)
Net cash used in investinp activities			(45406)	( I30,447)
Cash flows fram. financing activities
Repayments cfborrowing			($7~$)	59,851
Net cash (LIsed in)(pmvlded by Inanclnp		activities	(57+$5)	59,851
Change in cash and cash eqLrivaiehQ	Ih	the pjQr	91,079	(24PSB)
Cash and cash equivalents at the beginning		ofthe year	(9,54(I)	15,456
Cash and cash equivalents at the end	af	the year	81,539	(9,540)
The notes on pages 17to 33farm part ofthese financial statements

Long-term	leasehold	property	- Over the period ofthe lease
Plant and	machinery		- 15years
Fixtures and fittings			- 5years

			Unrestricted	Total
			funds	funds
			2021	2021
Donation			500	500
Grants			18,000	18,000
Government	grants		368,652	368,652
			387,152	387,152
			Unrestricted	Total
			funds	funds
			2020	2020
			F	E
Donations			1,533	1,533
Grants			2,500	2,500
			4,033	4,033
Income from	charitable	activities
			Unrestricted	Total
			funds	fUllds
			2021	2021
Rental income			1,369,033	1,369,033

Unrestricted	Total
funds	funds
2020f	2020f
1,619,660	1,619,66Q

		Unrestricted	Total
		funds	funds
		202'If	2021f
Sales	at public events	123,091	123,091
Other	income	11,323	11,323
		134,414	134,414

Unrestricted	Total
funds	funds
2020f	2020f
522,Q33	522,033
9,754	9,754
531,787	531,787

Unrestricted	Total
funds	funds
2020	2020

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2021 f.	2021f	2021
Expenditure			97?,409	977,409
Charitable	activities	768,607		?68,607
		768,607	977,409	1,746,016
		Activities
		undertaken	Support	Total
		directly	costs	funds
		2020	2020	2020
			E
Expenditure			1,068,548	1,068,548
Charitable	activities	901,576		901,576
		901,576	1,068,548	1,970,124

		Total	Total
		funds	funds
		2021f	2020
Insurance	premiums	29,040	56,584
Rent, rates and service charges		590,253	680,454
Light and	heat	99,718	98,543
Security costs		49,381	57,347
Bootstrap	Campus cost	215	8,648
		768,607	901,576
Analysis	ofsupport costs

				Total	Total
				funds	funds
				2021	2020
					F
Staff costs				561,862	62?,92?
Professional	fees			104,481	27,13?
Advertising				6,166	1,853
Bad debts				11,481	69,532
Cleaning costs				7,320	25,200
Other staff	costs			2,959	26,439
Bank charges				690	3,010
Interest and	bank		loan charges	70,044	74,921
Repair and	maintenance			28,537	40,833
Stationery,	printing		and postage	10,228	12,772
Other office expenses				20,806	18,245
VAT disallowed		under partial exemption		17,624	4,298
Depreciation				117,941	111,454
Governance	costs			17,270	24,927
				977,409	1,068,548

				2021	2020
Fees payable	to the Company's	auditor	for the audit ofthe Company's
annual accounts				5,300	5,100
Fees payable	to the Company's	auditor	in respect of:
All non-audit	services not included above			900	800

Staff costs
				Group	Group	Company	Company
				2021	2020	2021	2020
				F	F		E
Wages and	salaries			592,557	728,114	496,492	546,915
Social security costs				50,050	63,572	50,050	63,572
Contribution	to defined	contribution	pension
schemes				15,320	17,440	15,320	17,440
				657,927	809,126	561,862	627,927

Group	Group
2021	2020
No.	No.
20

Notes	to the financial statements
Forthe year ended 31 March 2021
11.	Intangible assets
	Group and Company
		Website
		cos'ts
	Cost
	At 1 April 2020	11,375
	At 31 March 2021	11,375
	Amortisation
	At 1 April 2020	1,706
	Charge for the year	2,275
	At 31 March 2021	3,981
	Net book value
	At 31 March 2021	7,394
	At 31 March 2020	9,669

	Long-term
	leasehold	Plant and	Fixtures and
	property	machinery	fittings	Total
	f.
Cost
At 1 April 2020	4,035,351	199,018	229,428	4,463,797
Additions	6„000	9,022	30,184	45,206
Disposals			(21,739)	(21,739)
Transfers between classes			(2,D66)
At 31 March 2021	4,043,417	208,040	235,807	4,487,264
Depreciation
At 1 April 2020	709,739	176,986	39,429	926,154
Charge for the year	62,282	12,464	41,192	115,938
On disposals			(2,548)	(2,548)
Transfers between classes	(871)		871
At 31 March 2021	771,150	189,45D	78,944	1,039,544
Net book value
At 31 March 2021	3,272,267	18,590	156,863	3,447,720
At 31 March 2020	3,325,612	22,032	189,999	3,537,643

	Investments
	in subsidiary
	companies
Company
Cost
At 1 April 2020	10
At 31 March 2021	10
Nei book value
At 31 March 2021	10
At 31 March 2020	10

The following		was a sub	sidiary und	ertaking o	ertaking o	fthe Company:	fthe Company:
Name				Company		Registered		office or principal		Principal	activity
				number		place ofbusiness
The Bootstrap		Trading	Company	07952?47		18Ashwin		Street, London,	E8	Operating	a bar and
Limited						3DL				event hire		facilities
Class of	Holding		Included		in
shares			consolidation
Ordinary		100% Yes
The financial	results of		the subsidiary		for the	year were:
Name						Income	Expenditure f.		Profit for the year		Net assetsf
										f.
The Bootstrap Trading			Company			134,414		(186,929)		(72,632)		(63,437)
Limited

		Group	Group	Company	Company
		2021	2020	2021	2020
					F
Trade debtors		320,268	121,797	314,568	121,732
Other debtors		13,5S4	11,235	11,429	6,303
Prepayments	and accrued income	175,037	156,786	175,037	156,426
		508,889	289,818	501,034	284,461

			Group	Group	Company	Company
			2021f	2020	2021	2020
Bank overdrafts				10,074		10,074
Bank loans			317,235	269,119	317,235	269,119
Trade creditors			487,527	362,786	472,?80	345,141
Amounts owed	to group undertakings					52,?40
Other taxation	and social security		501,530	210,431	486,246	199,468
Other creditors			71,058	154,277	71,05S	152,786
Accruals and deferred		income	167,228	172,100	154,928	167,950
			1,544,578	1,178,787	1,502,247	1,197,278

		Group	Group	Company	Company
		2021	2020	2021	2020
Bank	loans	1,312,962	1,418,513	1,312,962	1,418,513

					Group	Group	Company	Company
					2021	2020	2021	2020
							f.
Payable	or	repayable	by	instalments	691,165	728,761	691,'165	728,761
					691,165	728,761	691,165	728,761

						Balance at
	Balance at 1				Transfers	31 March
	April 2020	Income	Expenditure	Taxation	in/out	2021
	F	f.
Unrestricted
funds
Revaluation
reserve	1,589,178				(25,309)	1,563,869
Capital funds	601,701				(15,910)	585,791
	2„190,879				(41,219)	2,149,660
General funds
General funds	(950,515)	1,890,599	(1,945,116)	2,155	41,219	(961,658)
Tot,al
Unrestricted
funds	1,240,364	1,890,599	(1,945,116)			1,188,002

Statement o	ffunds	- prior ye	ar
							Balance at
			Balance at			Transfers	31 March
			1 April 2019	Income	Expenditure	in/out	2020
Unrestricted	funds
Unrestricted	capital funds
Revaluation	reserve		1,614,487			{25,309)	1,589,178
Capital funds			609,656			(7,955)	601,701
			2,224,143			(33,264)	2,190,879
General funds
General funds			(678,630)	2,155,485	(2,46Q,634)	33,264	(950,515)
Total Unrestricted		funds	1,545,513	2,155,485	(2,46Q,634)		1,240,364

Analysis Analysis	of net assets between funds ofnet assets between funds - current year
		Unrestricted	Total
		funds	funds
		2021	2021
Tangible	fixed assets	3,447,72Q	3,447,720
Intangible	fixed assets	7,394	7,394
Current assets		590,428	590,428
Creditors	due within one year	(1,544,578)	(1,544,5?8)
Creditors	due in more than one year	(1,312,962)	(1,312,962)
Total		1,188,002	1,188,002

Fort 18.	he year en Analysis Analysis	ded 3 of net of net	1 March 2021 assets between assets between	funds (continued) funds - prior year
					Unrestricted	Total
					funds	funds
					2020	2020
					F
	Tangible	fixed assets			3,537,643	3,537,643
	Intangible	fixed	assets		9,669	9,669
	Current assets				290,352	290,352
	Creditors	due within one year			(1,178,78?)	(1,178,787)
	Creditors	due in	more than one year		(1,418,513)	(1,418,513)
	Tot,al				1,240,364	1,240,364
19.	Reconciliation		ofnet movement	in funds to net cash flow from operating	activities

19.	Reconciliation ofn	et mov	ement	in funds to	net cash flow from operati	ng activities
						Group	Group
						2021	2020
	Net expenditure for	the year	(as per Statement		of Financial Activities)	(52,362)	(305,149)
	Adjustments for:
	Depreciation charges					115,938	110,291
	Amortisation charges					2,275	1,706
	Dividends, interests	and rents from		investments			(5)
	Loss on the sale of	fixed assets				19,191
	Increase in debtors					(219,071)	(40,015)
	Increase in creditors					327„749	278,772
	Net cash provided	by operating		activities		193,720	45,600
20.	Analysis ofcash and cash equivalents
						Group	Group
						2021	2020
							E
	Cash in hand					81,539	534
	Overdraft facility repayable		on demand				(10,074)
	Total cash and cash equivalents					81,539	(9,540)

					At 1 April		At 31 March
					2020	Cash flows	202'1
Cash	at bank and		in hand		534	81,005	81„539
Bank	overdrafts	repayable		on demand	(10,074)	10,074
Debt	due within	1	year		(269,119)	(48,116)	(317,235)
Debt	due after 1 year				(1,418,513)	105,551	(1,312,962)
					(1,697,172)	148,514	(1,548,658)

payments	und	er non-cancellable operating lea	ses as follows:
			Group	Group	Company	Company
			2021f	2020 E	2021	2020
Not later than		1 year	488,220	601,220	488,220	601,220
Later than	1 year and not later than 5 years		2,304,146	2,397,116	2,304,146	2,397,116
Later than	5 years		6,328,750	3,806,750	6,328,750	3,806,750
			9,121,116	6,805,086	9,121,116	6,805,086