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2022-03-31-accounts

Page
Legal and administrative
details
Report ofthe Trustees 2to 12
Report ofthe Independent
Auditors		 13to16
Statement of Financial Activities 17
Balance Sheet 18
Statement ofCash Flows 19
Notes tothe Financial Statements 20to 30
Legal and administrative details
Report ofthe Trustees 2to 12
Report ofthe Independent Auditors 13to 16
Statement of Financial Activities 17
Balance Sheet 18
Statement of Cash Flows 19
Notes to the Financial Statements 20to 30

Legal and administrative administrative administrative administrative details details
Forthe year ended 31March 2022
Status The organisation is a charitable company limited by guarantee, incorporated on 1May 1981
and
amended		 to change
the		 name on 12 March 1990 and 31 December 1996, and
registered as a charity on 6July 1981.
Governing document The company was established under a memorandum of association which established the
objects
and
powers		 of the charitable company and is governed under its articles of
association.
Company number 1559198
Charity number 282716
Registered oflice and 34 Islington
Park		 Street
operational address London
N1 1PX
Honorary officers
Patience Wilson Chair
Peter Wong Treasurer/Vice-Chair Resigned asTreasurer on 03/02/22
Martin Wagin
Adrian Brown
Inarm Osborn
Victor Khureya
Paul James Bartrarn Appointed on 05/05/2021 Appointed Interim Treasurer on 03/02/22
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/DS/2021 Resigned on 15/06/2022
Principal staff Maria Dolly Galvis Zapata
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mailing
ME194JQ
National Westminster Bank pic
Highbury and Islington Branch
11Upper Street
London
N1 OPQ
Auditors Fawcetts LLP
Chartered Accountants and Statutory Auditors
Windover House
St Ann Street
Salisbury
SP12DR

Patience Wilson Chair
Peter Wong Treasurer/Vice-Chair Resigned as Treasurer on 03/02/22
Martin Wallin
Adrian
Brown
Inarm Osborn
Victor Khureya
Paul James Bartram Appointed on 05/05/2021 Appointed Interim Treasurer on 03/02/22
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 Resigned on 15/06/2022

2022 2021
Restricted Designated Unrestricted Total Total
Note E E f E
Income and Endowments from:
Donations
and legacies		 585 585 7,001
Charitable
activites:
Community
services		 3a 9,907 132,808 142,715 243,462
Parents Advocacy & other
services 3c 92,319 92,319 42,954
Investments 38 28,554 28,554 25,889
Dtherincome 2,641 2,641 5,092
Totallncome 9,907 256,907 266,814 324,398
Expenditure
on:
Charitable
activities:		 30,983 11,820 172,047 214,850 162,935
Direct costs 189072 189072 179,572
Support costs
Total Expenditure 4 30,983 11,820 361,119 403,922 342,507
Net gains/(losses)
on
investments
Net Income/(Expenditure) (21,076) (11,820) (104,213) (137,109) (18,109)
Transfers between
funds		 (678) (678)
Net movement
in funds		 (21,076) (12,498) (104,213) (137,787) (18,109)
Total funds at 1April 2021 67,743 336549 896136 1p300~428 1,318,537
Total funds at 31March 2022 46,667 324,051 791,923 1,162,641 1,300,428

Note 2022 2021
6 f
Cash flows from operating activities:
Net cash provided
by/(used
in) operating		 activities 15a (152873) (55884)
Cash flows from investing activities:
Interest income 28,554 25,889
Purchase ofproperty
and		 other fixed assets (1,057) (6,552)
Disposal proceeds from sale of investment property
Cash provided
(used in)/by		 investing activities 27,497 19,337
Cash flows from financing activities:
Repayment
of borrowing
Cash inflows from new borrowing
Net cash provided
by/(used
in) financing		 activities
Decrease in cash and cash equivalents in the year (125,376) (36,547)
Cash and cash equivalents at the beginning ofthe year 339,329 375,876
Cash and cash equivalents at the end ofthe year 15b 213,953 339,329

Not es to the financial stateme es to the financial stateme nts nts
For the
ear ended 31March		 2022
3. Charitable
activities
2022 2021
Restricted
f		 Designated 6 Unrestrictedf Total
6		 Total
6
a. Community
services
London Borough of Islington 68,378 68,378 61,000
Pohwer 57,877 57,877 53,996
Big Lottery 9,100 9,100
Arnold
Clark Auto		 500 500
Middlesex County Cricket Club 2,500 2,500 750
Tommy's
Fund		 225 225
The Football Foundation 600 600 1,200
Cripplegate 807 807 20,000
Covid 19Response 60,002
London Catalyst
—The Samaritans		 1,000
Artemis Foundation 10,000
Charities
Aid Foundation		 10,000
HMRCiRS Grant 3,514
The Baily Thomas Charitable fund 10,000
Richard Cloudesley's Charitable fund 10,000
Royal Mencap Southern Division-Let's Get Digital 2,728 2,728 2,000
9,907 132,808 142,715 243,462
b. The Reach Fund
c. Parents' Advocacy 91,561 91,561 41,679
Individual
Service Fund		 758 758 1,275
92319 92,319 42954
d Investment
Income
Ambler tenants 28,486 28,486 25,696
Bank Interest 68 68 193
28,554 28,554 25,889
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For the year ended 31March 2022
5. Not (Expenditure)/Income
This is stated after charging: 2022f 2021f
Depreciation
/ Amortisation		 7,233 7,974
Loss on disposal offixed assets
Auditors'
remuneration:
audit - for current year 6,567 4,219
Operating
lease rentals:
equipment 3333 3,233
6. Staff costs and numbers
Staff costs were as follows: 2022f 2021f
Salaries and wages 285,605 212,547
Social security costs 23,009 17,291
Other pension costs 5,280 4,241
313,894 234,079
Agency staff 2,764 1,760
316,658 235,839
The average weekly number
ofemployees
during the ye		 ar was as follows:
2022 2021
No. No.
Community services 17 16
Parents Advocacy 3 3
Support 3 4
23 23

For the year ended 31March 2022
8. Tangible fixed assets
Freehold Long Furniture
land and leasehold and
buildings land and equipment
buildings Total
E E
Cost
At the start ofthe year 195,000 100,000 24,452 319,452
Additions
in year		 1,057 1,057
Disposals
At the end ofthe year 195,000 100,000 25,509 320,509
Depreciation
At the start ofthe year 56,315 52,800 18,049 127,164
Charge for the year 2,730 2,000 2,503 7,233
Eliminated
on disposal
At the end ofthe year 59,045 54,800 20,552 134,397
Net book value
Atthe end ofthe year 135,955 45,200 4,957 186,112
At the start ofthe year 138683 47,200 6.403 182,288

For the year ended 31March 2022
9. Investment
properties		 2022f 2021
E
Movement
in market/fair
value:
Fair value at the start ofthe year 750,000 750000
Disposal proceeds
Realised gains/(losses)
on disposals
Fair value at the end ofthe year 750,000 750,IIQII
Historical cost 204369 2110,360

Debtors 2022 2021
f E
Fees receivable 39,008 17,582
Other debtors 16,063 13,960
Prepayments
and accrued income		 4,623 6,079
59.693 37,621
Creditors 2022 2021
f
Creditors: amounts due within 1year
Taxation and social security 5,590 5,341
Deferred income 4,091 1,057
Other creditors 15,365 8,185
Accruals 22,071 4,227
Bankloan
47,117 18,810
Analysis ofnet assets between funds
Restricted Designated General
funds
E		 fundsf funds Total funds
f
Tangible fixed assets 45,200 54,360 86,552 186,112
Investment
properties		 200,369 549,631 750,000
Net current assets 1,467 69,322 155,740 226,529
Net assets atthe end ofthe year 460667 324051 7911923 10162641

Restricted Designated General
funds
f		 fundsf fundsf Totalfunds
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
Movements
in funds
Balance at Incoming Outgoing Transfers Balance at
1.04.21f resourcesf resourcesf to/(from)f 31.03.22f
Restricted funds:
Premises fund 47,200 (2,000) 45,200
The Sports Big Lottery 645 9,100 (9,222) 523
Cripplegate 9,576 807 (10,383)
Covid 19Response
The Baily Thomas Charitable fund 10,000 (9,167) 833
London Catalyst The Samaritans 322 (211) 111
67,743 9 907 (30,983) 46,667
Designated
funds:
Power and Control Group 763 (763)
Siren (678) (678)
Ambler Redevelopment 200,369 200,369
Richard Cloudesley's Charitable fund 10,000 (10,000)
Fixed assets 55,417 (1,057) 54,360
Purley Place 70,000 70,000
336,549 (11,820) (678) 324,051
Unrestricted
funds:
Non-distributable reserves 634,059 634,059
General funds 262,077 256,907 (361,119) - 157,864
896,136 236 907 I361119I 791,923
Totalfunds 1,00II,428 266,814 3403,9227 36707 1,162,641

As at 31 March the charity
had total future
are as follows:		 minimum
lease payments		 under non-c ancellable
operat		 ing
leases
2022 2021
E E
Equipment:
Less than 1year 5,308 5,160
Between 2 and 5years 10,598 9,958
15995 15118
15 a) Reconciliation
ofincome/(expenditure)		 to net cash from operating activities 2022 2021
E E
Net movement
in funds for the year before		 revaluation (137,787) (18,109)
Depreciation
charges		 7,233 7,974
Profit/(loss)
on disposal offixed assets
Interest on investments (28,554) (25,889)
Gain/(loss)
on disposal ofinvestments
(Increase)/decrease
in debtors		 (22,072) (2,942)
Increase/(decrease)
in creditors		 28,307 (16,918)
Net cash provided
by/(used
in) operating		 activities )15?,813) )55.884)
b) Analysis ofcash and cash equivalents 2022 2021
E E
Cash at bank and in hand 213,953 139,329

Prier year s tatement of fin ancial activities
2021
Note Restricted
f		 Designated
f		 Unrestricted
f		 Total
f
Income and Endowments from:
Donations
and		 legacies 7,001 7,001
Investments 25,889 25,889
Charitable
activites
Community services 3a 91,002 10,000 142,460 243,462
Parents and other services 3c 42,954 42,954
Other income 5,092 5,092
Total Income and Endowments 91,002 10,000 223,396 324,398
Expenditure on:
Charitable
activities
Direct costs 82,399 10,610 69,926 162,935
Support costs 995 178,577 179,572
Total Expenditure 4 82,399 11,605 248,503 342,507
Net Expenditure 5 8,603 (1,605) (25,107) (18,109)
Net gains/I oases on investments
Transfer between funds (1,421) 1,421
Net movement
in funds		 8,603 (3,026) (23,686) (18,109)
Total Funds brought forward 59,140 339,575 919,822 1,318,537
at1April 2020
Total Funds carried forward
at31March 2021 67,743 336,349 896,136 1.000,438