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2022-03-31-accounts

2021 2020
Note Unrestncted
5		 Restncted
6		 Totalf Unrestricted
f		 Restncted
5		 Total
1
Income from:
Donations
and legacies		 2 627,768 495,397 1,123,165 392,140 265,720 657,860
Charitable
activiues
Client services 3 31,922,583 1,248,231 33,170,815 25,611,789 1,313,242 26,925,031
Investments
—interest		 receivable 924 924 6,207 6,207
Other sources 4 167,019 167,019 240,925 240,925
Fmr value of net assets received on
combining
with
Elms		 1,935,047 1,935,047
Total Income 32,718,294 3,678,675 36,396,970 26,251,061 1,578,962 27,830,023
Expenditure
on:
Raising funds 6 176,723 I76,723 171,091 171,091
chantable
acuvities
Chent services 6 32,393,399 1,839,762 34,233,161 25,978,311 1,643,669 27,621,981
Total expenditure 32,570,122 1,839,762 34,409,884 26,149,402 1,643,669 27,793,072
Net income / (expenditure) for the year 7
before transfers 148,172 1,838,914 1,987,086 101,659 (64,707) 36,951
Transfers
between		 funds (81,935) 81,935
Net movement
in funds		 148,172 1,838,914 1,987,086 19,724 17,228 36,951
Reconclgation
offunds:
Total funds brought forward 3,865, 173 86,053 3,951,225 3,845,449 68,825 3,914,274
Total funds carried forward 4,013,345 1,924,966 5,938,311 3,865,173 86,053 3,951,225

Balance sheet
Com p any no. 1741926
As at 31 March 2021
2021 2020
Note 5 f
Fixed assets:
Tangible assets 12 3,367,501 2,311,657
3,367,501 2,311,657
Current assets:
Debtors 13 2,869,010 3,574,377
Short term deposits 815,001 817,294
Cash at bank and in hand 3,858,738 1,145,212
7,542,748 5,536,884
Liabilities:
Creditors: amounts falling due within one year 14 (4,471,938) (3,897,316)
Net current assets 3,070,810 1,639,568
Creditors
due after		 one year
Unsecured
I oan		 (500,000)
Total net assets 5,938,311 3,951,225
The funds ofthe charity: 18a
Restricted
income		 funds 1,924,966 86,053
Unrestricted
income		 funds:
Designated
funds		 2,223,948 2,223,948
General funds 1,789,397 1,641,225
Total unrestricted funds 4,013,345 3,865,173
Total charity funds 5,938,311 3,951,225

Statemen t ofcash flows ofcash flows
e ear ended 31 March 2021
Note 2021 2020
f f
Cash flows from operating activities
Net cash used
in operating		 activities 2,801,103 (722,662)
Cash flows from investing activities:
Dividends, interest
and rents from investments		 924 6,207
Purchase offixed assets (90,795) (274,044)
Net cash used
in Investing		 activities (89,871) (267,837)
Change in cash and cash equivalents in the year 2,711,232 (990,499)
Cash and cash equivalents at the beginning of the
year 1,962,506 2,953,005
Cash and cash equivalents at the end ofthe year 4,673,738 1,962,506
Analysis ofcash and cash equivalents and ofnet debt
At 31
At I April March 2021
2020 Cash flows
f f f
Cash at bank and
in hand		 1,145,212 2,713,526 3,858,738
Notice deposits
(less than 3 months)		 817,294 (2,294) 815,001
Total cash and cash equivalents 1,962,506 2,711,233 4,673,739

Income from do nati o ns
2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
f f E E E E
Cripplegate
Foundation		 361 361 5,000 5,000
Rent deposit grants 98,155 98,155 113,571 113,571
Achieving
Potential		 54,464 54,464 59,000 59,000
Project Kali 108,236 108,236 34,264 34,264
GreenHouse 36,792 36,792 8,333 8,333
SoundHouse 64,333 64,333 45,552 45,552
ArtsHouse 62,633 62,633
ELMS 12,418 12,418
Sodexo Fund 3,438 3.438
Psychotherapies 36,667 36,667
WCC MEAM 9,900 9,900
Westminster
Almshouses		 8,000 8,000
Other donations and grants 627,768 627„768 392,140 392,140
627,768 495,397 1,123,165 392,140 265,720 657,860
income from charitable activities
2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
f E E E E E
Rents and service charges 10,732,801 10,732,801 10,035,029 10,035,029
Support
service contracts
LB Camden 3,525,730 3,525,730 2,307,825 2,307,825
LB Hackney 549,842 549,842 366,727 366,727
LB Hammersmith & Fulham 394,634 394,634 339,240 339,240
LB Harringey 33,332 33,332
LB Islington 6,012,075 6,012,075 4,280,967 4,280,967
LB Lambeth 591,316 591,316 960,295 960,295
LB Lewisham
LB Newham		 1,153,211
961,068		 1,153,211
961„068		 1,139,887
424,613		 1,139,887
424,613
LB Redbridge 2,177,543 2,177,543 1,416,834 1,416,834
LBTower Hamlets 60,993 60,993 83,874 83,874
LBWaltham
Forest		 318,925 318,925 56,924 56,924
LBWand sworth 370,275 370,275 399,615 399,61 5
Royal Borough of Greenwich 1,045,967 1,045,967 563,904 563,904
Westminster
City		 Council 2,902,783 2,902,783 2,250,049 2,250,049
National
Probation		 Service 952,956 952,956 922,003 922,003
Nl-IS Trust (PD Offender Serv) 30,672 30,672
LB Enfield 52,166 52,166
LB Havering 120,300 120,300
Grants:
Big Lottery Fund 1,049,580 1,049,580 1,125,314 1,125,314
Sports England 198,652 198,652 187928 187928
Total income from the provision of 31,922,583 1,248,231 33,170,815 25,611,789 1,313,242 26,925,031

Income from other sources
2021 2020
Unrestricted
f		 Restrictedf Total
f		 Unrestricted
f		 Restrictedf Total
f
Sundry income 167,019 167,019 227,847 227,847
Student placements I 3,078 13,078
167,019 167,019 240,925 240,925

d liabilities. The details ofthese transactions
are listed		 below.
11-May-21
f
Fixed assets:
Property 1,175,000
Investments
Total fixed assets 1,175,000
Current assets:
Debtors 12,418
Cash 900,445
Total current assets 912,863
Current
liabilities:
Creditors 152,816
Net current assets 760,047
Total incoming net assets shown on the SOFA 1,935,047
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This is sta ted after char gmg'
2021 2020
E
Depreciation 209,951 145,649
Operating lease rentals:
Property 405,581 581,774
Other 96.411 112,035
Auditor's remuneration (excluding VAT)
Audit 14,250 14,000
2021 2020
5 1
Salaries and wages 16,333,860 13,113,788
Redundancy and termination costs 62,692
Social security costs 1,486,142 1,119,464
Employer's contribution to defined contribution pension schemes 1,052,297 754,074
Agency staff 3,841,995 3,166,365
22,776,987 18,153,691
The number ofemployees who received employee benefits (excluding employer pension costs) off60,000 or more during the year
wast
2021 2020
No. No.
The aver age
number
of employees
(head count based on number		 ofstaff employed)
during the year was as follows:
2021 2020
No. No.
Raising funds 3 3
Providing dient sendices 614 526
Support and governance 49 48
666 577

Tangible fixed assets
Furniture
and
Land and buildings equipment Total
E E 5
Cost or valuation
At I April 2020 2,003,082 740,001 2,743,083
Transfer of assets from Elms 1,175,000
Additions in year 90,795 90,795
Disposals in year (I71,181) (I71,181)
At 31 March 2021 3,178,082 659,615 3,837,697
Depreciation
At I April 2020 209,134 222,292 431,426
Charge for the year 61,354 148,597 209,951
Disposal for the year (I71,181) (I71,181)
At 31 March 2021 270.488 199,708 470,196
Net book value
At 31 March 2021 2,907,594 459,907 3,367,501
At I April 2020 1,793,948 517,709 2,311,657

Not es to the financial es to the financial statements statements statements statements
For the
ear ended 31		 March 2021
13 Debtors
2021f 2020f
Trade debtors 1,839,207 2,826,475
Arrears of rent and service charges 449,092 469,634
Prepayments
and		 accrued income 574,027 249,384
Staff loans 6,684 28,884
2,869,010 3,574,377
14 Creditors: amounts falling due within one year
2021 2020
5 f
Trade creditors 2,160,628 1,902,286
Taxation and social security 403,843 322,830
Other creditors 130,578 111,581
Accruals 475,828 531,409
Deferred income —see note 15 1,301,062 1,029,209
4,471,938 3,897,315
15 Deferred income
Deferred income comprises 2021/22 contract income received m advance.
2021f 2020
f
Baianre at
1 April		 1,029,209 735,373
Amount released to income in the year (660,383) (366,547)
Amount deferred in the year 932,236 660,383
Balance at 31 March 1,301,062 1,029,209
16 Creditors: amounts falling due affer one year
2021f 2020
f
Bank Loans 500,000
500,000

Analysis ofnet assets between funds (current y ear)
General
unrestricted Designated Restricted Total funds
E f 6
Tangible fixed assets 459,907 1,732,594 1,1 75,000 3,367,501
Net current assets 1,829,490 491,354 749,966 3,070,810
Creditors due after one year (500,000) (500,000)
Net assets at the end ofthe year 1,789,397 2,223,948 1,924,966 5,938,311

Analysis
ofnet assets between
funds (prior yea		 r)
General Total
unrestricted Designated Restricted funds
1 f 1
Tangible fixed assets 517,709 I,793,948 2,311,657
Net current assets 1,123,516 430,000 86,053 1,639,569
Net assets at the end ofthe year 1,641,225 2,223,948 86,053 3,951,226

Movements
In fund		 s (current year)
At the start Income & Expenditure
&		 At the end of
of the year gains fosses Transfers the year
5 5
Restricted funds:
Catalyst
Programme		 10,280 361 5,788 4.853
Rent Deposit Grants I2,049 98,155 110,038 166
GreenHouse 14,725 36,792 51,911 (394)
ArtH ouse 62,633 62,578 55
Project Kali 108,236 94,258 13,978
Fulfilling
Lives		 34,079 1,049,580 999,736 83,922
Sport England 4,640 198,652 204,431 (1,139)
Soundi-louse 64,333 66,141 (1,808)
Achieving
Potential		 —Employabihty 10,280 54,464 64,593 151
Sodexo Fund 3,438 3,438
Psychotherapies 36,667 34,216 2,451
WCC Mean 9,900 9,900
Westmmster
Almshouses		 8,000 1,322 6,678
ELMS Capital
Reserve		 1,175,000 41,029 1,133,971
ELMS 772,465 100,283 672,182
Total restricted
funds		 86,053 3,678,675 1,839,762 1,924,966
Unrestricted
funds:
Designated
funds;
Capital
reserve		 1,793,948 1,793,948
Relocation/refurbishment/H&5 mods costs 50,000 50,000
Information
technology		 75,000 75,000
Furnishings
and equipment		 1 50,000 150,000
Property maintenance I I 5,000 115,000
Innovation
and evaluation		 40,000 40,000
Total designated
funds		 2,223,948 2,223,948
Fair value reserve
Generalfunds 1,641,225 32,718,294 32,570,122 1,789,397
Total unrestricted funds 3,865,173 32,718,294 32,570,122 4,013,345
Total funds 3,951,226 36,396,969 34,409,884 5,938,311

For t he
ar ended 31 March 202		 he
ar ended 31 March 202		 1
18b Movements
In funds (prior		 year)
At the start Income & Expenditure
&		 At the end of
ofthe year gains losses Transfers the year
1 1 f 1 E
Restricted funds:
Catalyst Programme 8,180 5,000 2,900 10,280
Rent Deposit Grants (1,492) 113,571 100,030 I2,049
GreenHouse 14,725 8,333 42,103 33,770 14,725
ArtHouse 58,728 58,728
Project Kali* 34,264 34,264
Fulfilling
Lives		 34,079 1,125,314 1,126,385 1,071 34,079
Sport England 4,640 187,928 159,127 (28,802) 4,640
SoundHouse 45,552 62,719 17,167
Achievmg
Potential
—Employability		 8,693 59,000 57,41 3 10,280
Total restricted
funds		 68,825 1,578,962 1,643,669 81,935 86,053
Unrestricted
funds:
Designated
funds:
Capital reserve 1,839,265 (45,317) 1.793,948
Relocation/refurbishment/H&S mode costs 10,000 40,000 50,000
Information
technology		 200,277 (125,277) 75,000
Furnishings
and equipment		 265,880 (115,880) I50,000
Property
maintenance		 203.706 (88,706) 115,000
Innovation
and evaluation		 50,335 (10,335) 40,000
Total designated
funds		 2,569,463 (345,515) 2,223,948
General funds 1,275,986 26,251,061 26,149,402 263,580 1,641,225
Total unrestricted
funds		 3,845,449 26,251,061 26,149,402 (81,935) 3,865,173
Total funds 3,914,274 27,830,023 27,793,071 3,951,226
Purposes ofrestricted funds

Reconciliatio n
ofnet expend		 iture to net «ash flow from operating
activi		 ties
2021f 2020
E
Net Income for the reporting period 1,987,086 36,951
(as per the statement
offinancial		 activities)
Depreciation charges 209,951 145,649
Increase
in		 creditors
&I year		 500,000
Dividends, interest
and rent		 from investments (924) (6,207)
Transfer of assets from Elms (1,175,000)
Decrease
in		 debtors 705,367 (1,346,747)
Decrease
in		 creditors 574,623 447,693
Net cash used
In operating		 activities 2,801,103 (722,661)

Property Equipment
2021 2020 2021 2020
E E
Less than one year 218,660 271,666 57,868 83,265
One to five years 487,540 758,180 18,164 76,032
Over five years 40,320
706,200 1,070,166 76,032 159,296