| Page | |||
|---|---|---|---|
| Chair's Report | |||
| Report ofthe Trustees | 2 | to | 8 |
| Report ofthe Independent Auditors |
9 | to | 12 |
| Statement of Financial Activities | 13 | ||
| Balance Sheet | 14 | ||
| Cash Flow Statement | 15 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 17 to | 30 | |
| Detailed Statement ofFinancial Activities | 31 | to | 32 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | E | f | 6 | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
3 | 241,376 | 256,972 | 498,348 | 728,145 | |
| Charitable activities |
||||||
| Operation of park and farm |
1,122,740 | 1,122,740 | 834,571 | |||
| Other trading activities |
4 | 151,485 | 151,485 | 73,793 | ||
| Total | 1,515,601 | 256,972 | 1,772,573 | 1,636,509 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 6 | 15,077 | 15,077 | 14,781 | ||
| Charitable activities |
||||||
| Operation ofpark and farm |
1,430,992 | 64,565 | 1,495,557 | 1,812,661 | ||
| Total | 1,446,069 | 64,565 | 1,510,634 | 1,827,442 | ||
| NET INCOME/(EXPENDITURE) | 69,532 | 192,407 | 261,939 | (190,933) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
193,522 | 345,397 | 538,919 | 729,852 | ||
| TOTAL FUNDS CARRIED FORWARD | 263,054 | 537,804 | 800,858 | 538,919 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | 8 | 6 | |||
| FIXEDASSETS | ||||||
| Tangible assets | 13 | 121 131 | 536,804 | 657,935 | 464,856 | |
| CURRENT ASSETS | ||||||
| Stocks | 14 | 2,738 | 2,738 | 1,141 | ||
| Debtors | 15 | 39,225 | 39,225 | 38,441 | ||
| Prepayments and |
accrued income | 10,484 | 10,484 | 4,359 | ||
| Cash at bank and | in hand | 267,126 | 1,000 | 268,126 | 157,629 | |
| 319,573 | 1,000 | 320,573 | 201,570 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
16 | (95,656) | (95,656) | (82,463) | ||
| NET CURRENT ASSETS | 223,917 | 1,000 | 224,917 | 119,107 | ||
| TOTAL ASSETS | LESSCURRENT | |||||
| LIABILITIES | 345,048 | 537,804 | 882,852 | 583,963 | ||
| ACCRUALS AND | DEFERRED INCOME | 17 | (81,994) | (81,994) | (45,044) | |
| NET ASSETS | 263,054 | 537,804 | 800,858 | 538,919 | ||
| FUNDS | 18 | |||||
| Unrestricted funds |
263,054 | 193,522 | ||||
| Restricted funds |
537,804 | 345,397 | ||||
| TOTAL FUNDS | 800,858 | 538,919 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | f | |||||
| Cash flows from | operating | activities | |||||
| Cash generated | from operations | 1 | 357,733 | (102,260) | |||
| Interest paid | (2,315) | (1,778) | |||||
| Net cash provided | by/(used | in) operating | activities | 355,418 | (104,038) | ||
| Cash flows from | investing | activities | |||||
| Purchase oftangible fixed assets | (244,921) | (10,050) | |||||
| Net cash used in |
investing | activities | (244,921) | (10,050) | |||
| Change in cash |
and cash | equivalents | |||||
| in the reporting | period | 110,497 | (114,088) | ||||
| Cash and cash | equivalents | at the | |||||
| beginning ofthe |
reporting | period | 157,629 | 271,717 | |||
| Cash and cash | equivalents | at the end | |||||
| ofthe reporting | period | 268,126 | 157,629 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | E | ||||||||
| Net income/(expenditure) | for the reporting | period (as per the | |||||||
| Statement | of Financial Activities) | 261,939 | (190,933) | ||||||
| Adjustments for: |
|||||||||
| Depreciation | charges | 51,299 | 39,695 | ||||||
| Loss on disposal of | fixed assets | 543 | |||||||
| Interest paid | 2,315 | 1,778 | |||||||
| Impairment | offixed | asset investments | 2 | ||||||
| Increase in |
stocks | (1,597) | (327) | ||||||
| (Increase)/decrease | in debtors | (6,909) | 25,132 | ||||||
| Increase in |
creditors | 50,143 | 22,393 | ||||||
| Net cash provided | by/(used | in) operations | 357,733 | (102,260) | |||||
| ANALYSIS | OF CHANGES | IN | NET FUNDS | ||||||
| At | 1/4/22 | Cash flow | At 31/3/23 | ||||||
| f | f | ||||||||
| Net cash | |||||||||
| Cash at bank and | in | hand | 157,629 | 110,497 | 268,126 | ||||
| 157,629 | 110,497 | 268,126 | |||||||
| Total | 157,629 | 110,497 | 268,126 |
| 4. | OTHER TRADING ACTIVITIES | OTHER TRADING ACTIVITIES | OTHER TRADING ACTIVITIES | OTHER TRADING ACTIVITIES | |||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| F | |||||||
| Rents received | 72,481 | 47,979 | |||||
| Hire offacilities | 70,979 | 17,303 | |||||
| Sale ofchristmas | trees | 8,025 | 8,511 | ||||
| 151,485 | 73,793 | ||||||
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | |||||
| 2023 | 2022 | ||||||
| Activity | F | 8 | |||||
| Incoming | resources from | ||||||
| charitable | activities | Operation | of park and farm | 1,122,740 | 834,571 | ||
| 6. | RAISING | FUNDS | |||||
| Other trading activities | |||||||
| 2023 f |
2022 | ||||||
| Rental expenditure | 8,919 | 8,799 | |||||
| Purchase | ofchristmas | trees | 6,158 | 5,982 | |||
| 15,077 | 14,781 |
| CHARITABLE ACTIVI | TIES COSTS | |||
|---|---|---|---|---|
| 2023f | 2022 6 |
|||
| Operation of park and farm |
||||
| Staff costs | 1,072,242 | 1,080,427 | ||
| Hire of plant and machinery | 5,998 | 5,251 | ||
| Rates and water | 10,817 | 5,953 | ||
| Insurance | 22,352 | 17,687 | ||
| Light and heat | 51,391 | 15,605 | ||
| Telephone | 2,017 | 2,027 | ||
| Postage and stationery | 6,346 | 6,097 | ||
| Play activities | 15,519 | 10,573 | ||
| Training | 10,470 | 2,497 | ||
| Repairs and renewals | 14,889 | 424,561 | ||
| Motor expenses | 7,455 | 4,674 | ||
| Travelling | 1,032 | 486 | ||
| Refreshments and entertainment |
1,720 | 2,231 | ||
| Farm & nursery consumables | 107,624 | 79,958 | ||
| Subscriptions | 11,081 | 8,587 | ||
| Cleaning | 50,336 | 41,787 | ||
| Catering | 29,510 | 24,466 | ||
| Bad debts | 6,801 | 24,519 | ||
| Depreciation | 51,299 | 39,695 | ||
| Loss on sale oftangible fixed assets | 543 | |||
| Impairment losses for fixed asset investments |
2 | |||
| Bank interest | 2,315 | 1,778 | ||
| Auditor's remuneration |
7,100 | 7,100 | ||
| Auditor's remuneration |
for non-audit | services | 6,700 | 6,700 |
| 1,495,557 | 1,812,661 |
| Net resource | s are stated after charging/(crediting): | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Depreciation | - owned assets | 51,299 | 39,695 |
| Impairment | losses for fixed asset investments | 2 | |
| Hire of plant | and machinery | 5,998 | 5,251 |
| STAFF CO | STS | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| F | |||||||
| Wages and salaries Social security costs |
985,345 70,980 |
998,169 66,793 |
|||||
| Pension costs | 15,917 | 15,465 | |||||
| 1,072,242 | 1,080,427 | ||||||
| The average | monthly | number | of employees | in the year was: | |||
| 2023 | 2022 | ||||||
| Charitable | activities | 55 | 57 | ||||
| Office | 3 | 4 | |||||
| 58 | 61 |
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f | f | f | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
698,161 | 29,984 | 728,145 | ||
| Charitable activities |
|||||
| Operation ofpark and farm |
834,571 | 834,571 | |||
| Other trading activities |
73,793 | 73,793 | |||
| Total | 1,606,525 | 29,984 | 1,636,509 | ||
| EXPENDITURE ON | |||||
| Raising funds | 14,781 | 14,781 | |||
| Charitable activities |
|||||
| Operation of park and farm |
1,770,830 | 41,831 | 1,812,661 | ||
| Total | 1,785,611 | 41,831 | 1,827,442 | ||
| NET INCOME/(EXPENDITURE) | (179,086) | (11,847) | (190,933) | ||
| Transfers between funds |
46,730 | (46,730) | |||
| Net movement in funds |
(132,356) | (58,577) | (190,933) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 325,878 | 403,974 | 729,852 | ||
| TOTAL FUNDS CARRIED FORWARD | 193,522 | 345,397 | 538,919 |
| TANGIBLE FIXEDASSE | TS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Short | and | Motor | Computer | ||
| leasehold 6 |
fittings f |
vehicles | equipment F |
Totals F |
|
| COST | |||||
| At 1 April 2022 | 1,090,485 | 154,189 | 60,279 | 9,421 | 1,314,374 |
| Additions | 235,972 | 8,949 | 244,921 | ||
| Disposals | (639) | (639) | |||
| At 31 March 2023 | 1,326,457 | 163,138 | 60,279 | 8,782 | 1,558,656 |
| DEPRECIATION | |||||
| At 1 April 2022 | 664,196 | 123,115 | 55,144 | 7,063 | 849,518 |
| Charge for year | 39,737 | 10,005 | 1,284 | 273 | 51,299 |
| Eliminated on disposal |
(96) | (96) | |||
| At 31 March 2023 | 703,933 | 133,120 | 56,428 | 7,240 | 900,721 |
| NET BOOK VALUE | |||||
| At 31 March 2023 | 622,524 | 30,018 | 3,851 | 1,542 | 657,935 |
| At 31 March 2022 | 426,289 | 31,074 | 5,135 | 2,358 | 464,856 |
| STOCKS | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Stocks | 2,738 | 1,141 | |
| DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2023 f |
2022 | ||
| Trade debtors | 36,959 | 37,612 | |
| Other debtors | 2,266 | 829 | |
| 39,225 | 38,441 |
| 2023 | 2022 | ||
|---|---|---|---|
| Trade creditors | 27,152 | 41,484 | |
| Social security and other taxes Other creditors |
16,843 51,661 |
18,221 22,758 |
|
| 95,656 | 82,463 | ||
| ACCRUALS AND DEFERRED INCOME | |||
| 2023 | 2022 f |
||
| Accruals and deferred | income | 81,994 | 45,044 |
| MOVEMENT IN F |
UND | S | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1/4/22 | in funds | 31/3/23 | ||||
| Unrestricted funds |
||||||
| General fund | 193,522 | 69,532 | 263,054 | |||
| Restricted funds | ||||||
| Building Fund Minibus Fund |
269,843 1,564 |
205,623 (391) |
475,466 1,173 |
|||
| Nature Trail Fund |
18,385 | (1,103) | 17,282 | |||
| Treehouse Project Fund Arena Refurbishment Project Fund |
10,210 35,411 |
(613) (2,125) |
9,597 33,286 |
|||
| East End Community Nursery inclusion fund |
Foundation | Fund | 9,984 | (9,984) 1,000 |
1,000 | |
| 345,397 | 192,407 | 537,804 | ||||
| TOTAL FUNDS | 538,919 | 261,939 | 800,858 |
| Net mov | ement in |
funds | , included |
in the above are | as follows: | ||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| F | F | ||||||
| Unrestricted funds |
|||||||
| General | fund | 1,515,601 | (1,446,069) | 69,532 | |||
| Restricted funds | |||||||
| Building Minibus |
Fund Fund |
235,972 | (30,349) (391) |
205,623 (391) |
|||
| Nature | Trail Fund | (1,103) | (1,103) | ||||
| Treehouse Project Fund Arena Refurbishment Project Fund East End Community Foundation Fund |
(613) (2,125) (9,984) |
(613) (2,125) (9,984) |
|||||
| London | Borough | OfTower Hamlets | |||||
| Fund | 20,000 | (20,000) | |||||
| Nursery | inclusion | fund | 1,000 | 1,000 | |||
| 256,972 | (64,565) | 192,407 | |||||
| TOTAL | FUNDS | 1,772,573 | (1,510,634) | 261,939 |
| Comparatives for m |
ovement in |
funds | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1/4/21 | in funds | funds f |
31/3/22 6 |
|||
| Unrestricted funds |
||||||
| General fund |
324,918 | (179,086) | 47,690 | 193,522 | ||
| Fairy Garden Project | Fund | 960 | (960) | |||
| 325,878 | (179,086) | 46,730 | 193,522 | |||
| Restricted funds | ||||||
| Building Fund Minibus Fund |
287,067 2,086 |
(17,224) (522) |
269,843 1,564 |
|||
| Nature Trail Fund |
28,008 | (1,173) | (8,450) | 18,385 | ||
| Treehouse Project Fund Arena Refurbishment Project Fund East End Community Foundation Fund |
10,862 75,951 |
(652) (2,260) 9,984 |
(38,280) | 10,210 35,411 9,984 |
||
| 403,974 | (11,847) | (46,730) | 345,397 | |||
| TOTAL FUNDS | 729,852 | (190,933) | 538,919 |
| Comparative net m |
o | vement | in fun | ds, incl |
uded in |
the above a | re as follow | s: | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||||||||
| resources f |
expended F |
in funds 6 |
||||||||||
| Unrestricted funds |
||||||||||||
| General fund |
1,606,525 | (1,785,611) | (179,086) | |||||||||
| Restricted funds | ||||||||||||
| Building Fund Minibus Fund |
(17,224) (522) |
(17,224) (522) |
||||||||||
| Nature Trail Fund |
(1,173) | (1,173) | ||||||||||
| Treehouse Project Fund Arena Refurbishment Project Fund East End Community Foundation Fund |
9,984 | (652) (2,260) |
(652) (2,260) 9,984 |
|||||||||
| London Borough Of | Tower Hamlets | |||||||||||
| Fund | 20,000 | (20,000) | ||||||||||
| 29,984 | (41,831) | (11,847) | ||||||||||
| TOTAL FUNDS | 1,636,509 | (1,827,442) | (190,933) | |||||||||
| Unrestricted funds |
||||||||||||
| The General fund |
includes | income from | grants, | fundraising | and farming | activities. Also |
included within |
|||||
| the general fund, is income |
from | the charity's | other trading | activities, | which | consist of | rents | received, | ||||
| hire offacilities and | the sale | ofchristmas | trees. |
| 2023 f |
2022 6 |
|
|---|---|---|
| Within one year | 885 | 830 |
| Between one and five years | 1 771 | |
| In more than five years | ||
| 2,656 | 830 |
| 2023 F |
2022f | |||||
|---|---|---|---|---|---|---|
| Financial | assets | |||||
| Financial | assets that are debt | instruments | measured | at amortised | ||
| cost | 317,771 | 200,328 | ||||
| 317,771 | 200,328 | |||||
| Financial | liabilities | |||||
| Financial | liabilities measured | at amortised | cost | 112,329 | 96,263 | |
| 112,329 | 96,263 |
| compens | ation | paid | or payable | to key management for em |
ployee services is shown below: |
|
|---|---|---|---|---|---|---|
| 2023f | 2022f | |||||
| Salaries | and | other | short-term | benefits | 115,367 | 110,233 |
| included within the land of the short leasehold proper the rented term are listed below:- |
ty. The amounts committed to be rec |
eived during |
|---|---|---|
| 2023 F |
2022f | |
| Within one year Between one and five years |
54,836 12,897 |
52,086 25,733 |
| In more than five years | ||
| Total | 67,733 | 77,819 |
| 2023 | 2022 |
|---|---|
| F | F |
| 88,980 | |
| 88,980 |
| 2023f | 2022 F |
|||||
|---|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||||
| Donations and |
legacies | |||||
| Voluntary income |
319,100 | 495,861 | ||||
| Gift aid | 9,420 | 5,620 | ||||
| Legacies | 28,065 | |||||
| Grants | 141,763 | 226,664 | ||||
| 498,348 | 728,145 | |||||
| Other trading activities |
||||||
| Rents received | 72,481 | 47,979 | ||||
| Hire offacilities | 70,979 | 17,303 | ||||
| Sale ofchristmas | trees | 8,025 | 8,511 | |||
| 151,485 | 73,793 | |||||
| Charitable activities |
||||||
| Incoming resources | from charitable | activities | 1,122,740 | 834,571 | ||
| Total incoming | resources | 1,772,573 | 1,636,509 | |||
| EXPENDITURE | ||||||
| Other trading activities |
||||||
| Rental expenditure | 8,919 | 8,799 | ||||
| Purchase ofchristmas |
trees | 6,158 | 5,982 | |||
| 15,077 | 14,781 | |||||
| Charitable activities |
||||||
| Wages | 985,345 | 998,169 | ||||
| Social security | 70,980 | 66,793 | ||||
| Pensions | 15,917 | 15,465 | ||||
| Hire ofplant and | machinery | 5,998 | 5,251 | |||
| Rates and water | 10,817 | 5,953 | ||||
| Insurance | 22,352 | 17,687 | ||||
| Light and heat | 51,391 | 15,605 | ||||
| Telephone | 2,017 | 2,027 | ||||
| Postage and stationery | 6,346 | 6,097 | ||||
| Play activities | 15,519 | 10,573 | ||||
| Training | 10,470 | 2,497 | ||||
| Repairs and renewals | 14,889 | 424,561 | ||||
| Motor expenses | 7,455 | 4,674 | ||||
| Travelling | 1,032 | 486 | ||||
| Refreshments and entertainment |
1,720 | 2,231 | ||||
| Farm & nursery | consumables | 107,624 | 79,958 | |||
| Carried forward | 1,329,872 | 1,658,027 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| F | 6 | |||
| Charitable activities |
||||
| Brought forward | 1,329,872 | 1,658,027 | ||
| Subscriptions | 11,081 | 8,587 | ||
| Cleaning | 50,336 | 41,787 | ||
| Catering | 29,510 | 24,466 | ||
| Bad debts | 6,801 | 24,519 | ||
| Short leasehold depreciation |
39,737 | 27,209 | ||
| Fixtures &fittings depreciation | 10,005 | 10,356 | ||
| Motor vehicles depreciation | 1,284 | 1,713 | ||
| Computer equipment |
depreciation | 273 | 417 | |
| Loss on sale oftangible | fixed assets | 543 | ||
| Impairment losses for |
fixed asset | |||
| investments | 2 | |||
| Bank interest | 2,315 | 1,778 | ||
| 1,481,757 | 1,798,861 | |||
| Support costs | ||||
| Governance costs | ||||
| Auditors' remuneration |
13,800 | 13,800 | ||
| Total resources expended | 1,510,634 | 1,827,442 | ||
| Net income/(expenditure) | 261,939 | (190,933) |