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|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|
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|||||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|
##
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||||||||
|---|---|---|---|---|---|---|
|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|
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|||||||||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|
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|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|
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|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|
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||||||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|
##
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|||||
|---|---|---|---|
|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|
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||||||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|