##
##
|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||||
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##
|||||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|||||
##
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##
##
##
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##
##
##
##
##
##
##
##
##
|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|
##
##