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|||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|
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|||||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|||||
|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||||
|||||Jennifer Stiles —Vice Chair||||
|||||John Patrick Deane —Treasurer
(Appointed
on 20/1 0/2022)||||
|||||Alan Morton-Smith
(Resigned
on 05/04/2022)||||
|||||Robert Hayward
OBE||||
|||||Zoe Kennedy||||
|||||Sally Marullo||||
|||||Frank Verga ra||||
|||||Sinead (Jenny) O' Neill||||
|||||George Thomas (Appointed
27/10/2021)||||
|||||Catherine
Muller (Resigned 29/04/2021)||||
|Senior Management|||Team:|David Andrews —Centre Co-Ordinator||||
|||||Wasim
Hussain —Finance Worker||||
|||||Alan Hinton —Bookings Manager
up to 31/05/2021||||
|||||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||||
|Independent||Examiner:||David Terry, Ramon Lee Ltd, 93Tabernacle||Street, London EC2A 4BA.||
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||||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||||||||
|Total funds,
brought|forward|||196,478|53,888|250,366|262,430|
|Total funds, carried|forward|||158,318|36,048|194,366|250,366|
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|||||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|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
|Bric-a|brac|sales|2,738||2,738|331|
||||2,738||2,738|331|
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|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|
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|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|
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|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|
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|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|
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|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|||||||
|Taylors||2,371|7,967|10,338|||
|Lambeth
Estate Residents'|Association||3,600|||3,600|
|Sainsbury's
Helping
Everyone Eat|||||||
|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:|||||||
|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|
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|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|
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|||||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|
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