| Page | ||
|---|---|---|
| Report ofthe Directors | and Trustees | 2 —17 |
| Independent Examiner's |
Report | 18 |
| Statement of Financial | Activities | |
| Balance Sheet | 20 | |
| Notes to the Financial Statements | 21 —32 |
| WATERLOO ACTION CENTRE | WATERLOO ACTION CENTRE | ||||||
|---|---|---|---|---|---|---|---|
| REPORT OF THE DIRECTORS AND TRUSTEES (Cont/d) | |||||||
| FOR THE YEAR ENDED 31 MARCH | 2022 | ||||||
| REFERENCE AND | ADMINISTRATIVE DETAILS |
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| Charity Number: | 284591 | ||||||
| Company | Number: | 01611872 | |||||
| Directors | and Trustees: | For clarification we point out that words |
"directors" and "trustees" refer to | the same | |||
| people. One is a term used by Charities; | Director is used by Companies. | Like many | |||||
| charities WAC is both - it is a "not for profit" company. | |||||||
| Howard Simmons —Chair |
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| Jennifer Stiles —Vice Chair | |||||||
| John Patrick Deane —Treasurer (Appointed on 20/1 0/2022) |
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| Alan Morton-Smith (Resigned on 05/04/2022) |
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| Robert Hayward OBE |
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| Zoe Kennedy | |||||||
| Sally Marullo | |||||||
| Frank Verga ra | |||||||
| Sinead (Jenny) O' Neill | |||||||
| George Thomas (Appointed 27/10/2021) |
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| Catherine Muller (Resigned 29/04/2021) |
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| Senior Management | Team: | David Andrews —Centre Co-Ordinator | |||||
| Wasim Hussain —Finance Worker |
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| Alan Hinton —Bookings Manager up to 31/05/2021 |
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| Jean Le Clerc —Bookings Manager from |
10/05/2021 | ||||||
| Registered | Office: | 14 Baylis Road, London SE1 7AA | |||||
| Bankers: | TSB296-302 High Holborn, London WC1V 7QR |
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| Independent | Examiner: | David Terry, Ramon Lee Ltd, 93Tabernacle | Street, London EC2A 4BA. |
| Notes | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| Income | |||||||
| Donations | 7,564 | 4,250 | 11,814 | 2,800 | |||
| Income from charitable activities |
104,336 | 32,517 | 136,853 | 147,046 | |||
| Income from trading | activities | 2,738 | 2,738 | 331 | |||
| Investment income |
299 | 299 | 225 | ||||
| Total income | 114,937 | 36,767 | 151,704 | 150,402 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 6 | 153,680 | 54,024 | 207,704 | 162,466 | |
| Total expenditure | 153,680 | 54,024 | 207,704 | 162,466 | |||
| Net income/(expenditure) | and net | ||||||
| movement in funds |
for | the year | |||||
| before transfers | (38,743) | (17,257) | (56,000) | (12,064) | |||
| Transfer between funds |
583 | (583) | |||||
| Net income/(expenditure) | and net | (38,160) | (17,840) | (56,000) | (12,064) | ||
| Reconciliation offunds |
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| Total funds, brought |
forward | 196,478 | 53,888 | 250,366 | 262,430 | ||
| Total funds, carried | forward | 158,318 | 36,048 | 194,366 | 250,366 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| Phyl and Hughie | Charitable | Trust | 6,000 | 6,000 | 1,000 | ||
| Klarna Bank | - Donation for | Welfare | |||||
| benefits work | 4,250 | 4,250 | |||||
| Euromonitor | International | 1,000 | 1,000 | ||||
| Anne Critchley's | Will | 1,440 | |||||
| Sundry donations | &E1,000 | 564 | 360 | ||||
| 7,564 | 4,250 | 11,814 | 2,800 |
| INCOME FROM C | HARITA | BLE | CT | IVITIES | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | 2022 | 2021 | ||||||
| Centre Activities | |||||||||
| Hall &room occupancy charges | 81,574 | 81,574 | 7,622 | ||||||
| HMRC JRS grant | 19,361 | 19,361 | 44,271 | ||||||
| Government funding |
for Organisations | in | |||||||
| Leisure industry | 16,000 | 16,000 | 40,286 | ||||||
| Worshipful Company ofMerchant |
Taylors | 7,967 | 7,967 | 8,067 | |||||
| Lambeth Estate Residents' |
Association | 3,600 | 3,600 | ||||||
| Contributions from |
people attending | WAC | |||||||
| provided activities |
3,401 | 3,401 | 48 | ||||||
| Sainsbury's Helping |
Everyone Eat | Better | |||||||
| Community Grants |
Fund | 500 | 500 | ||||||
| First MTR South Western Trains LTD | 450 | 450 | 3,274 | ||||||
| Power To Change -CCLORS grant | 27,272 | ||||||||
| Walcot Foundation | 11,006 | ||||||||
| Shell Employee Volunteering |
1,200 | ||||||||
| Legal Services | |||||||||
| Jones Day | 4,000 | 4,000 | 4,000 | ||||||
| 104,336 | 32,517 | 136,853 | 147,046 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||
| Bric-a | brac | sales | 2,738 | 2,738 | 331 | |
| 2,738 | 2,738 | 331 |
| NVES | TMENT INCOME | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2022 | 2021 | ||
| Bank | interest | 299 | 299 | 225 | |
| 299 | 299 | 225 |
| ANALYSIS | OF | EXPENDITURE | ||||
|---|---|---|---|---|---|---|
| Other | Total | Total | ||||
| Legal | Voluntary | 2022 | 2021 | |||
| Services | Services | |||||
| Staff costs | 62,769 | 62,769 | 64,573 | |||
| Volunteer expenses | 2,652 | 2,652 | 15 | |||
| Premises costs | 87,936 | 87,936 | 38,059 | |||
| Legal services | 3,446 | 3,446 | 2,727 | |||
| Other direct | costs | 2,130 | 2,130 | 2,306 | ||
| Support costs | (Note 7) | 45,651 | 45,651 | 51,906 | ||
| Governance | costs (Note 7) | 3,120 | 3,120 | 2,880 | ||
| 3,446 | 204,258 | 207,704 | 162,466 |
| been apporti | one | d to the |
various charitable a |
ctivities on the b |
asis ofstaff time all | ocated to each a | ctivity. |
|---|---|---|---|---|---|---|---|
| General | Governance | Total | Total | ||||
| Support | Function | 2022 | 2021 | ||||
| Staff costs | 27,495 | 27,495 | 39,006 | ||||
| Training costs | 1,569 | 1,569 | 28 | ||||
| Communication | costs | 4,940 | 4,940 | 5,077 | |||
| Information | technology | and website | 6,652 | 6,652 | 5,577 | ||
| Subscription | 1,124 | 1,124 | 1,304 | ||||
| Books and | periodicals | 74 | 74 | ||||
| Bank charges | 232 | 232 | 201 | ||||
| General expenses | 3,311 | 3,311 | 477 | ||||
| Depreciation | 236 | 236 | 236 | ||||
| Trustees and |
board meeting expenses | 18 | 18 | ||||
| Independent | examiner's | fees | 3,120 | 3,120 | 2,880 | ||
| 45,651 | 3,120 | 48,771 | 54,786 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | f | |||||
| Independent | examiner's | fees | 3,120 | 2,880 | ||
| Depreciation | on | tangible | fixed assets | 236 | 236 | |
| ANALYSIS | OF | STAFF | COSTS, TRUSTEES REMUNERATION | AND EXPENSES, AND | COST OF KEY | |
| MANAGEMENT | PERSONNEL | |||||
| 2022 | 2021 | |||||
| STAFF | COSTS | |||||
| Salaries | 88,459 | 99,348 | ||||
| National | Insurance | 486 | 1,411 | |||
| Pension | 1,319 | 1,428 | ||||
| 90,264 | 102,187 |
| The average | number offull- time equivalent | employees | was as follows: | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Direct project | work | 3.7 | 3.7 | ||
| Administration | work | 0.6 | 0.6 |
| FIXEDAS | SETS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Net book | value: | ||||
| Equipment | Centre | ||||
| Computer | Equipment | 370 | 606 | ||
| 370 | 606 | ||||
| Opening | Additions | Disposals | Closing | ||
| Balances | Balances | ||||
| 6 | 6 | ||||
| Cost | |||||
| Equipment | Centre | 32,303 | 32,303 | ||
| Computer | Equipment | 15,848 | 15,848 | ||
| 48,151 | 48,151 | ||||
| Opening | Charge | Disposals | Closing | ||
| Balances | For Period | Balances | |||
| 6 | 6 | E | |||
| Depreciation | |||||
| Equipment | Centre | 32,303 | 32,303 | ||
| Computer | Equipment | 15,242 | 236 | 15,478 | |
| 47,545 | 236 | 47,781 |
| 11. | DEBTORS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade Debtors | 7,032 | 1,518 | ||
| Other Debtors | 253 | 1,350 | ||
| 7,285 | 2,888 | |||
| 12. | CREDITORS: Amounts | falling due within one year | ||
| 2022 | 2021 | |||
| E | ||||
| Trade creditors | 2,457 | 2,408 | ||
| Taxation and social security | 1,826 | 3,780 | ||
| Other creditors | 389 | 2,749 | ||
| Accruals | 3,120 | 2,880 | ||
| Deferred income (Note | 15) | 7,987 | ||
| 7,792 | 19,784 |
| ANALYSIS OF CHARITA | BLE FUNDS | |||||
|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Transfer | Balance at | ||
| 01/04/2021 | between | 31/03/2022 | ||||
| funds | ||||||
| Restricted funds: | ||||||
| Donation for Welfare benefits worker |
4,250 | 4,250 | ||||
| London Borough of Lambeth | 16,000 | 16,000 | ||||
| Worshipful Company of Merchant |
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| Taylors | 2,371 | 7,967 | 10,338 | |||
| Lambeth Estate Residents' |
Association | 3,600 | 3,600 | |||
| Sainsbury's Helping Everyone Eat |
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| Better Community Grants |
Fund | 500 | 500 | |||
| First MTR South Western | Trains Ltd | 3,274 | 450 | 1,766 | 1,958 | |
| ITV | 4,406 | 4,406 | ||||
| Letterheads | 8,367 | 8,367 | ||||
| Waterloo Legal Advice Service | 31,093 | 4,000 | 4,020 | (583) | 30,490 | |
| Phyl and Hughie Charitable |
Trust | 996 | 996 | |||
| Power To Change -CCLORS grant | 3,381 | 3,381 | ||||
| 53,888 | 36,767 | 54,024 | ~583 | 36,048 | ||
| Designated funds: |
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| Employment related costs |
38,500 | 38,500 | ||||
| Building repair and maintenance | 134,696 | 56,136 | 78,560 | |||
| 173,196 | 56,136 | 117,060 | ||||
| General funds | 23,282 | 114,937 | 97,544 | 583 | 41,258 | |
| 196,478 | 114,937 | 153,680 | 583 | 158,318 | ||
| Total funds | 250,366 | 151,704 | 207,704 | 194,366 |
| Analysis ofcharitable | Analysis ofcharitable | Analysis ofcharitable | funds —previous | funds —previous | funds —previous | year | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Transfer | Balance at | ||||||
| 01/04/2020 | between | 31/03/2021 | ||||||||
| funds | ||||||||||
| 6 | F | |||||||||
| Restricted | funds: | |||||||||
| Worshipful | Company of Merchant | |||||||||
| Taylore | 2,371 | 8,067 | 8,067 | 2,371 | ||||||
| ITV | 4,406 | 4,406 | ||||||||
| Letterheads | 8,367 | 8,367 | ||||||||
| Waterloo Legal | Advice | Service | 30,258 | 4,000 | 3,165 | 31,093 | ||||
| Phyl and Hughie | Charitable | Trust | 170 | 1,000 | 174 | 996 | ||||
| Power To Change -CCLORS grant | 27,272 | 23,891 | 3,381 | |||||||
| Walcott Foundation | 11,006 | 11,006 | ||||||||
| First MTR South | Western | Trains | Ltd | 3,274 | 3,274 | |||||
| 45,572 | 54,619 | 46,303 | 53,888 | |||||||
| Designated | funds: | |||||||||
| Employment | related costs | 38,500 | 38,500 | |||||||
| Building repair and maintenance | 135,000 | 304 | 134,696 | |||||||
| 173,500 | 304 | 173,196 | ||||||||
| General funds |
43,358 | 95,783 | 115,859 | 23,282 | ||||||
| 216,858 | 95,783 | 116,163 | 196,478 | |||||||
| Total funds | 262,430 | 150,402 | 162,466 | 250,366 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Balance | brought | forward | 7,967 | 8,067 | |
| Amount | released | to income | in the year | (7,967) | (8,067) |
| Amount | deferred | in the year | 7,967 | ||
| Balance | carried | forward | 7,967 |