## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||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| ||||||||NO|IQ
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0| ## ## ## |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| ##