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2023-03-31-accounts

Trustees'
Annual
Repor		 t and Financial Statements
for the year e		 nded 31stMarch 2023
Contents Page
Legal and Administrative Information
Trustees' Report
Independent
Auditor's		 Report 17
Statement
of Financial		 Activities 20
Balance Sheet 21
Cash Flow Statement
Notes forming
part ofthe Financial Statements		 23

Unrestricted funds
General Designated Restricted Total Total
Notes Funds Funds Funds 2023 2022
Income from: E E E E
Donations
and legacies		 319,757 261,660 581,417 132,680
Charitable
activities		 3,640 199,403 203,043 542,371
Other trading activities 139,150 139,150 134,460
Total income 462,547 461,063 923,610 809,511
Expended on:
Raising Funds 15,800 15,800 78,477
Charitable
activities		 573,187 496,665 1,069,852 862,697
Other 182,078 182,078 182,078
Total expenditure 8 588,987 182,078 496,665 1,267,730 1,123,252
Net income/(expenditure)
before extraordinary items (126,440) (182,078) (35,602) (344,120) (313,741)
Extraordinary
items:
Building Safety Fund;
Income 138,276 138,276 47,100
Expenditure (138,276) (138,276) (47,100)
Net income/(expenditure) (126,440) (182,078) (35,602) (344,120) (313,741)
Transfers between funds 13 1,178 (1,178)
Net movement
in funds		 (125,262) (183,256) (35,602) (344,120) (313,741)
Reconciliation
offunds:
Fund balances
brought		 forward at
1April 2022 281,771 6,952,048 117,150 7,350,969 7,664,710
Fund balances
carried		 forward at
31March 2023 156,509 6,768,792 81,548 7,006,849 7,350,969

Balance Sheet at 31March 2023 Company No. 00958986
Notes 2023 2022
FIXEDASSETS
Freehold
land and buildings		 10 6,535,730 6,717,808
Other fixed assets 10 55,234 36,963
6,590,964 6,754,771
CURRENT ASSETS
Debtors 182,499 157,396
Cash at bank and in hand 304,905 500,627
487,404 658,023
CREDITORS: amounts
falling		 12 (71,519) (61,825)
due within one year
Net Current Assets 415,885 596,198
NET ASSETS 7,006,849 7,350,969
FUNDS
Restricted funds 14 81,548 117,150
Unrestricted
funds:		 13
Land and Buildings fund 6,535,730 6,717,808
Jim Guild Legacy fund 233,062 234,240
General funds 156,509 6,925,301 281,771 7,233,819
7,006,849 7,350,969

2023 2022
E
Cash flows from operating activities:
Net cash (used in)/provided by operating activities (161,233) (63,696)
Cash flows from investing activities:
Purchase offixed assets (34,489) (11,983)
Change
in cash and cash equivalents		 in the reporting period (195,722) (75,679)
Cash and cash equivalents at the beginning ofthe reporting period 500,627 576,306
Cash and cash equivalents at the end ofthe reporting period 304,905 500,627
Notes to the Cash flow Statement 2023 2022
E
Reconciliation
of net income to net cash flow from operating		 activities
Net expenditure
for the reporting		 period (344,120) (313,741)
Adjustments
for:
(Increase)/decrease
in debtors		 (25,103) 63,569
Increase/(decrease)
in creditors		 9,694 (13,637)
Interest income
Depreciation
charges		 198,296 200,113
Net cash (used in)/provided by operating activities (161,233) (63,696)
Analysis ofcash and cash equivalents
Cash at bank and
in hand		 304,905 500,627

es forming part ofthe F in a n cial s tat e ments (co ntinued)
Donations
and legacies		 2023 2022
f E
Consists ofdonations
from:
Individuals 187,485 96,757
Churches 5,000 8,167
Corporate
and Events		 25,699
Legacies 1,573 27,756
Grants for general purposes:
Bernard Suniey Charitable Trust 10,000
The Childhood
Trust		 50,000
United StSaviours Charitable Trust 40,000
319,757
Grants for restricted
purposes:
Hargreaves
Foundation
—for apprentices		 and young leaders 50,000
programme
Gallup - for provision of hot meals for local young people 16,800
Greener Futures
—for a leadership		 programme for BAME youth 25,249
Bernard Sunley Charitable Trust - for building improvements and 110,000
fixed asset acquisitions
Other restricted
grants under		 E10,000 11,765
Metropolitan
Police - donation		 in kind for replacement security 18,000
dool's
Southwark
Council - contribution		 towards legal fees in connection 29,846
with cladding issues.
581,417 132,680
Charitable
activities		 2023 2022
E E
Restricted income:
Big Lottery
—funding for the Young		 Leaders' Programme, 52,240 100,734
Apprentices
and Clubs Development
Manager
Mayor's
Young Londoners		 Fund - funding for an arts project 39,460
Southwark
Aiming
High
—funding		 for clubs and activities including 77,373 82,687
clubs for young girls
Sport England - funding for 'Active for Life' project 6,330
Small grants 21,156
London Diocese —funding for 'Concrete' project 24,000 63,165
Jerusalem
Trust		 50,000
Southwark
Council Commissioning		 38,704
BBCchildren
in Need		 54,371
Sainsbury
Charitable
Fund		 18,000
Jack Petchey 21,200
199,403 450,017
Unrestricted
income:
Small grants 3,640
HMRC Job Retention
Scheme		 92,354
203,043 542,371

4 Other trading activities Other trading activities 2023 2022
E E
Lettings 100,675 94,668
Resident volunteers' accommodation 34,938 34,617
Club subscriptions 3,537 5,175
139,150 134,460
5 Staff costs and numbers 2023 2022
The weekly average number of employees was: Number Number
Full-time 6
Part-time 8
14 15
2023 2022
Staff costs were as follows: E E
Wages and salaries 361,410 281,453
Social security costs 35,624 34,730
Pension contributions 15,899 16,439
412,933 332,622

Total costs
7 Analysis of expenditure Staff costs Other costs 2023
E E E
Raising funds 10,016 5,784 15,800
Charitable
activities		 402,917 666,935 1,069,852
Building depreciation 182,078 182,078
412,933 854,797 1,267,730
Total costs
Comparative analysis Staff costs Other costs 2022
E E E
Raising funds 42,927 35,550 78,477
Charitable
activities		 289,695 573,002 862,697
Building depreciation 182,078 182,078
332,622 790,630 1,123,252
Total costs
8 Analysis of expenditure Direct costs Allocated costs 2023
Direct and allocated costs E E E
Raising funds 15,800 15,800
Charitable
activities		 413,490 656,362 1,069,852
Building depreciation 182,078 182,078
429,290 838,440 1,267,730
Total costs
Comparative analysis Direct costs Allocated costs 2022
Direct and allocated costs E E E
Raising funds 55,531 22,946 78,477
Charitable
activities		 411,545 451,152 862,697
Building depreciation 182,078 182,078
467,076 656,176 1,123,252
Total costs
gb Analysis of allocated costs Management Governance Premises 2023
E E E
Raising funds
Charitable
activities		 287,920 24,580 343,862 656,362
Building depreciation 182,078 182,078
287,920 24,580 525,940 838,440
Total costs
Comparative analysis Management Governance Premises 2022
Raising funds E E E E
Charitable
activities		 9,809 1,141 11,996 22,946
Building depreciation 210,008 22,439 218,705 451,152
182,078 182,078
219,817 23,580 412,779 656,176

Notes forming part ofthe Financial Statements (continued)
Bc Governance cost 2023 2022
E E
Governance costs include:
Staff costs 11,380 5,460
Auditor's
remuneration:
Audit fee 13,200 18,120
24,580 23,580

has provided
funding
under a Trust fund arrangement
for the purpose of defra
in connection
with the removal
and replacement
of combustible
cladding.		 has provided
funding
under a Trust fund arrangement
for the purpose of defra
in connection
with the removal
and replacement
of combustible
cladding.		 has provided
funding
under a Trust fund arrangement
for the purpose of defra
in connection
with the removal
and replacement
of combustible
cladding.		 has provided
funding
under a Trust fund arrangement
for the purpose of defra
in connection
with the removal
and replacement
of combustible
cladding.		 has provided
funding
under a Trust fund arrangement
for the purpose of defra
in connection
with the removal
and replacement
of combustible
cladding.		 has provided
funding
under a Trust fund arrangement
for the purpose of defra
in connection
with the removal
and replacement
of combustible
cladding.		 yin g
eligible costs
During the year, SYCwithdrew
E138,276 (2022:E47,100)from the Trust Fund		 in reimbursement
of previously
incurred		 costs of6138,276 (2022:E47,100).
10 Tangible assets Freehold Freehold Fixtures &
land Buildings fittings Total
Cost E E E E
01April 2022 119,838 9,103,894 243,104 9,466,836
Additions 34,489 34,489
Disposals
31March 2023 119,838 9,103,894 277,593 9,501,325
Depreciation
01April 2022 2,505,924 206,141 2,712,065
Charge for the year 182,078 16,218 198,296
Disposals
31March 2023 2,688,002 222,359 2,910,361
Net book value
31March 2023 119,838 6,415,892 55,234 6,590,964
31March 2022 119,838 6,597,970 36,963 6,754,771
Sport England, the Big Lottery Fund and the London Borough ofSouthwark,
hold		 legal charges
over the freehold building at 43 Old Jamaica Road, London SE164TE.
11 Debtors 2023 2022
E E
Grants receivable 97,373 88,623
Gift aid tax recoverable 4,075 4,450
Accrued income 61,800 40,945
Sundry debtors and prepayments 19,251 23,378
182,499 157,396
12 Creditors: amounts falling due 2023 2022
within one year E E
Accrued expenses and other creditors 65,375 51,631
Tax and social security 6,144 10,194
71,519 61,825

15 Analysis of net assets be tween
funds
General Designated Restricted Total
funds funds funds 2023
E E E 6
Freehold
land and buildings		 6,535,730 6,535,730
Other fixed assets 55,234 55,234
Net current assets 101,275 233,062 81,548 415,885
156,510 6,768,792 81,548 7,006,849
Comparative
movement		 General Designated Restricted Total
funds funds funds 2022
f E E E
Freehold
land and buildings		 6,717,808 6,717,808
Other fixed assets 36,963 36,963
Net current assets 244,808 234,240 117,150 596,198
Net assets 281,771 6,952,048 117,150 7,350,969

18 Operating
leases		 2023 2022
Future minimum
lease payments		 commitments under E E
non-cancellable
operating
leases:
Operating
leases which expire:
Within one year 6,955 10,051
Between two to five years 1,113 8,068
8,068 18,119

General Designated Restricted Total
Funds Funds Funds 2022
Income and endowments from: f f f f
Donations
and		 legacies 132,680 132,680
Charitable
activities		 92,354 450,017 542,371
Other trading activities 134,460 134,460
Total income 359,494 450,017 809,511
Expended on:
Raising Funds 78,477 78,477
Charitable
activities		 16,198 846,499 862,697
Other 182,078 182,078
Total expenditure 94,675 182,078 846,499 1,123,252
Net income/(expenditure)
before extraordinary items 264,819 (182,078) (396,482) (313,741)
Extraordinary items:
Building Safety Fund:
Income 47,100 47,100
Expenditure (47,100) (47,100)
Net income/(expenditure) 264,819 (182,078) (396,482) (313,741)
Transfers between funds (261,530) (22,976) 284,506
Net movement in funds 3,289 (205,054) (111,976) (313,741)
Reconciliation offunds:
Fund balances brought forward at 1
April 2021 278,482 7,157,102 229,126 7,664,710
Fund balances carried forward at 31
March 2022 281,771 6,952,048 117,150 7,350,969