2021-03-31-accounts - The Elfrida Society

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Con)pany no. 15491.98 Ch2Iity rio. ?82716 The ElfrFda S (Li uara tee) Report and Financial Statements For the year nded 31 March 2021

The	Elfrida Society (l.irnited	by 6uaranteej
	index to the Financial	St-tements
	For the year end d 33.	March 202~

l egal and	administrative	details
Report of	the Trustee
Report of	the independent	Auditors
Statement	of Financial Activities
Statement	of Cash Flow
Notes to the Financial Statements

production agendas fe of direct delivery.	el ev	er more relevant in th	er more relevant in th	e current climate as we seek to expand our imp	e current climate as we seek to expand our imp	e current climate as we seek to expand our imp	e current climate as we seek to expand our imp	e current climate as we seek to expand our imp	act whilst managing our costs	act whilst managing our costs	act whilst managing our costs
Total income increased	by	E37,886to f324,398		compared with 2019/20. Despite the increase,					our income totals also reflects
reduced income within	our	Adults Advocacy services			and Sports Projects.
During the year we spent 6342,507 on charitable				activities supporting			our communities programmes.			This reflects	a f73,155
decrease on 2019/20,	as a	result of an organisational			restructure,	that	started in early 2020 and continued during				2020/21 to
better balance the size and		shape of The	Elfrida	Society over time. This comprises				an operational	deficit off18,109compared
with 2019/20 6190,150.
The Trustees
The trustees who are	also	directors under	company		law, who served		during the year and up to the			date of this report are as
follows:
Alexander Leeson-Mill		Chair			Resigned	on	31/07/2020
Patience Wilson		Chair			Appointed	on	25/02/2021
Peter Wong		Treasurer/Vice-Chair
Martin Petry		Interim	Chair		Appointed	on	01/07/2020	Resigned	on 25/02/2021
Martin Wallin
Adrian Brown
Inarm Osborn
Victor Khureya		Board Member			Appointed	on	22/04/2020
Paul James Bartram					Appointed	on	05/05/2021
Fan Gu					Appointed	on	05/05/2021
Samira Hotobah-During					Appointed	on	05/05/2021
Stephen William Humphrey					Appointed	on	05/05/2021
Persey Oliver James					Appointed	on	05/05/2021

							2020
			Restricted	Designated	Unrestricted	Total	Total
		Note
income and Endowments	from:
Donations and legacies					7,001	7,001	1,101
Charitable activites:
Community services		3a	91,002	10,000	142,460	243,462	190,663
The Reach Fund		3b					11,188
Homelink support 5	other
services		3c			42,954	42,954	36,744
Investments		3d			25,889	25,889	43,440
Other income					5,092	5,092	3,376
Total Income			91,002	10,000	223,396	324,398	286,512
Expenditure on:
Charitable activities:
Direct costs			82,399	10,610	69,926	162,935	213,877
Support costs				995	178,577	179,572	201,785
Total Expenditure			82,399	11,605	248,503	342,507	415,662
Net gains/(losses) on
investments							(61,000)
Net Income/(Expenditure)			8,603	(1,605)	(25,107)	(18,109)	(190,150)
Transfers between funds				(1,421)	1,421
Net movement in funds			8,603	(3,026)	(23,686)	(18,109)	(190,150)
Total funds at 1April 2020			59,140	339,575	919,822	1,318,537	1,508,687
Total funds at 31March	2021		67,743	336,549	896,136	1,300,428	1,318,537

							2020
				Note
Fixed assets
Tangible fixed assets				8	192,288		193,710
Investment	property			9	750,000		750,000
						942,288	943,710
Current assets
Debtors				10	37,621		34,679
Cash at bank and		in	hand		339,329		375,876
					376,950		410,555
Creditors: amounts			due within 1year		(18,81.0)		(35,728)
Net current	assets/(liabilities)					358,140	374,827
Net assets				12		1,300,428	1,318,537
Funds
Restricted funds						67,743	59,140
Unrestricted	funds
Non-distributable			reserves			634,059	634,059
Designated funds						336,549	339,575
General	funds					262,077	285,763
Total funds						1,300,428	1,318,537

				Note	2021	2020
Cash flows from operating	activities:
Net cash provided by/(used in) operating			activities	15a	(55,884)	(149,460)
Cash fiows from investing	activities:
Interest income					25,889	43,426
Purchase of property and other fixed		assets			(6,552)
Disposal proceeds from sale of investment			property			639,000
Cash provided (used in)/by	investing	activities			19,337	682,426
Cash flows from financing	activities:
Repayment of borrowing						(216,170)
Cash inflows from new borrowing
Net cash provided by/(used	in) financing		activities			(216,170)
Decrease in cash and cash	equivalents	in the year			(36,547)	316,796
Cash and cash equivalents	at the beginning		ofthe year		375,876	59,080
Cash and cash equivalents	at the end	ofthe year		15b	339,329	375,876

Mat	es to te nanc- I statem	es to te nanc- I statem	ents	ents	ents
For	the year ended 31 IVlarch		2021
2.	Donations and legacies
										2021	2020
							Restricted	Designated	Unrestricted	Total
								f	f	f	f
	Donations 8 similar incoming				resources				7,001	7,001	1,101
									7,001	7,001	1,101
3.	Charitable activities
										2021	2020
							Restricted	Designated	Unrestricted	Total	Total
							f	f	f	f	f
a.	Community services
	London Borough of Islington								61,000	61,000	72,249
	Pohwer								53,996	53,996	96,834
	Big Lottery										9,940
	Arsenai Football Club
	Middlesex County Cricket Club								750	750	3,750
	Map Squad										2,040
	Women'sVote Centenary		Fund
	The Football Foundation								1,200	1,200	850
	Mr. R Mrs. Smith										5,000
	Cripplegate						20,000			20,000
	Covid 19Response						60,002			60,002
	London Catalyst - The Samaritans						1,000			1,000
	Artemis Foundation								10,000	10,000
	Charities Aid Foundation								10,000	10,000
	HMRC JRS Grant								3,514	3,514
	The Baily Thomas Charitable			fund			10,000			10,000
	Richard Cloudesley's	Charitable			fund			10,000		10,000
	Royal Mencap Southern		Division-Let's			Get Digital			2,000	2,000
							91,002	10,000	142,460	243,462	190,663
b	The Reach Fund										11,188
											11,188
c	Homelink support E.	CIther services
	Fees										12,807
	Individual Service Fund								1,275	1,275	1,423
	Parents' Advocacy 8	Parent		Link					41,679	41,679	22,514
									42,954	42,954	36,744
d	Investment Income
	Ambler tenants								25,696	25,696	43,426
	Bank Interest								193	193	14
									25,889	25,889	43,440

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5.	Net. (Expenditure)/Income
	This is stated after charging:		2020
			E
	Depreciation / Amortisation		7,109
	Loss on disposal of fixed assets		2,340
	Auditors' remuneration:
	audit - for current year	4,219	3,872
	Operating lease rentals:
	equipment	5,160	3,560
6.	Staff costs and numbers
	Staff costs were as follows:		2020
			E
	Salaries and wages	212,547	253,742
	Social security costs	17,291	18,713
	Other pension costs	4,241	4,603
		234,079	277,058
	Agency staff	1,760	4,597
		235,839	281,655

			2021	2020
			No.	No.
Community	services		19	19
Homelink	support	services		2
Support				5
			23	26

For	the year ended 31 I'VIarch 2021
8.	Tangible fixed assets
		Freehold	Long	Furniture
		land and	leasehold	and
		buildings	land and	equipment
			buildings		Total
			E		F
	Cost
	At the start ofthe year	195,000	100,000	17,900	312,900
	Additions in year			6,552	6,552
	Disposals
	At the end ofthe year	195,000	100,000	24,452	319,452
	Depreciation
	At the start ofthe year	53,585	50,800	14,805	119,190
	Charge for the year	2,730	2,000	3,244	7,974
	Eliminated on disposal
	At the end ofthe year	56,315	52,800	18,049	127,164
	Net book value
	At the end ofthe year	138,685	47,200	6,403	192,288
	At the start ofthe year	141,415	49,200	3,095	193,710

Not	es to the r'inancial statements
For	the year ended 31March 2021
9,	Investment properties		2020f
	Movement in market/fair value:
	Fair value at the start ofthe year	750,000	3.,450,000
	Disposal proceeds		(639,000)
	Realised gains/(losses) on disposals		(61,000)
	Fair value at the end ofthe year	750,000	750,000
	Historicalcost	200,369	200,369

10.	Debtors							2021	2020
								f	f
	Fees receivable							17,582	19,435
	Other debtors							13,960	4,490
	Prepayments		and accrued income					6,079	10,754
								37,621	34,679
11.	Creditors							2021	2020
									f
	Creditors:	amounts		due within	1year
	Taxation	and	social	security				5,341	5,616
	Deferred	income						1,057	3,767
	Other creditors							8,185	21,630
	Accruals							4,227	4,715
	Bank loan
								18,810	35,728
12.	Analysis	of net assets between			funds
						Restricted	Designated	General
						funds	funds	funds	Total funds
						f	f	f	f
	Tangible	fixed assets				47,200	55,417	89,671	192,288
	Investment properties						200,369	549,631	750,000
	Net current assets					20,543	80,763	256,834	358,140
	Net assets at		the end ofthe year			67,743	336,549	896,136	1,300,428

						Restricted	Designated	General	General
						funds	funds	funds		Total funds
						F	E		f	E
Tangible fixed assets						49,200	60,082	84,428		193,710
Investment properties							200,369	549,631		750,000
Net current assets						9,940	79,124	285,763		374,827
Net assets at the	end ofthe		year			59,140	339,575	919,822		1,318,537
Movements in funds
					Balance at	Incoming	Outgoing	Transfers		Balance at
					1.04.20 E	resources f	resources	to/(from)	f	31.03.21 f
Restricted funds:
Premises fund					49,200		(2,000)			47,200
The Sports Big Lottery					9,940		(9,295)			645
Cripplegate						20,000	(10,424)			9,576
Covid 19Response						60,002	(60,002)
The Baily Thomas	Charitable		fund			10,000				10,000
London Catalyst The		Samaritans				1,000	(678)			322
					59,140	91,002	(82,399)			67,743
Designated funds:
Power and Control	Group				763					763
Parents' Project					2,035		(2,035)
Ambler Redevelopment					201,790			(1,421)		200,369
Richard Cloudesley's		Charitable		fund		10,000				10,000
The Reach Fund					6,326		(6,326)
Fixed assets					58,661		(3,244)			55,417
Purley Place					70,000					70,000
					339,575	10,000	(11,605)	(1,421)		336,549
Unrestricted funds:
Non-distributable	reserves				634,059					634,059
General funds					285,763	223,396	(248,503)	1,421		262,077
					919,822	223,396	(248,503)	1,421		896,136
Total funds					1,318,537	324,398	(342,507)			1,300,428

Operating lease commitmen	ts	ts
As at 31 March the charity	had total future		minimum	lease payments	under	non-cancellable operating			leases
are as follows:
							2021
Equipment:
Less than 1year							5,160		3,992
Between 2 and 5 years							9,958		7,630
							15,118		11,622
a) Reconciliation of income/(expenditure)			to net cash	from operating	activities		2021		2020
							f		f
Net movement in funds for	the year before		revaluation				(18,109)	(190,150)
Depreciation charges							7,974		7,109
Profit/(loss) on disposal of fixed assets									2,340
Interest on investments							(25,889)	(43,426)
Gain/(loss) on disposal of investments									61,000
(Increase)/decrease in debtors							(2,942)		3,634
Increase/(decrease) in creditors							(16,918)		10,033
Net cash provided by/(used	in) operating	activities					(55,884)	(149,460)
b) Analysis ofcash and cash equivalents							2021		2020
							f		f
Cash at bank and in hand							339,329	375,876

Prior year statement of	fin	ancial activities
							2020
				Restricted	Des(gnated	Unrestricted	Total
			Note	f	f	f	f
Income and Endowments		from:
Donations and		legacies				1,101	1,101
Investments						14	14
Charitable activites
Community	services		3a	9,940	18,815	173,096	201,851
Ambler tenants			3b			43,426	43,426
Homelink support S.Other services
Services			3c			36,744	36,744
Other income						3,376	3,376
Total Income and Endowments				9,940	18,815	257,757	286,512
Expenditure on:
Charitable activities
Direct costs				(7,940)	14,531	207,286	213,877
Support costs				9,940	2,617	189,228	201,785
Total Expenditure			4	2,000	17,148	396,514	415,662
Net Expenditure			5	7,940	1,667	(138,757)	(129,150)
Net gains/losses on investments						(61,000)	(61,000)
Transfer between funds					58,840	(58,840)
Net movement in funds				7,940	60,507	(258,597)	(190,150)
Total Funds brought forward				51,200	279,068	1,178,419	1,508,687
at 1April 2019
Total Funds carried forward
at 31March	2020			59,140	339,575	919,822	1,318,537