| Page | ||
|---|---|---|
| Legal and administrative information |
||
| Council ofManagement's report |
2-6 | |
| Auditors' report to the Council ofManagement |
members | 7-9 |
| Statement offinancial activities | 10 | |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the financial statements |
13 - 26 |
| Charity number | Charity number | 288008 | |||
|---|---|---|---|---|---|
| Company | registration | number | 01759054 | ||
| Business address | 9Tavistock | Place | |||
| London | |||||
| WC1H 9SN | |||||
| Registered | office | 9Tavistock | Place | ||
| London | |||||
| WC1H 9SN | |||||
| Council of | Management | Linda Chung | Chair | ||
| Kim Suan Tan | Vice Chair | ||||
| Edward Tsui | Treasurer | ||||
| Annie Lee | |||||
| 'Sandy Smith | |||||
| Julie Chan | |||||
| Yongyi Neathercoat | |||||
| Auditors | Leftley Rowe Jk Company | ||||
| 2nd Floor, 87 Kenton Road | |||||
| Harrow | |||||
| Middlesex | |||||
| HA3 OAH | |||||
| Bankers | Lloyds TSB | Bank Pic | |||
| Westminster | House | ||||
| I 1 Portland | Street | ||||
| Manchester | |||||
| Ml 3HU | |||||
| Santander UK Pic |
|||||
| Bridle Road | |||||
| Bootle | |||||
| Merseyside | |||||
| L304GB | |||||
| Solicitors | DKLM LLP | ||||
| 3 Cranwood | Street | ||||
| London | |||||
| ECIV 9PE |
| Unrestricted | Restricted | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||
| Notes | 8 | g | ||||
| Income and endowment | ||||||
| Income from donations | and legacies | 2 | 13,919 | 13,919 | 42,960 | |
| Income from charitable | activities | 3 | 256,525 | 256,525 | 236,455 | |
| Income from other activities | 4 | 208,537 | 208,537 | 169,177 | ||
| Investment income |
5 | 28 | 28 | 1,450 | ||
| Other income | 6 | 41,827 | 41,827 | 134,442 | ||
| Total income and receipt | 520,836 | 520,836 | 584,484 | |||
| Expenditure | ||||||
| Expenditure on raising |
funds | 8 | 9,453 | 9,453 | 4,339 | |
| Expenditure on charitable activities |
9 | 4s5 ga4 | 455,ags | 46s,371 | ||
| Other expenditure | 11 | 18,581 | 18,581 | 15,663 | ||
| Total expenditure | 7 | 484,028 | 484,028 | 485,373 | ||
| Net income for the | year | 36,808 | 36,808 | 99,111 | ||
| Total funds brought forward |
1,143,267 | 754,999 | 1,898,266 | 1,799,155 | ||
| Total funds carried | forward | 1,180,075 | 754,999 | 1,935,074 | 1,898,266 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | E | E | E | ||||
| Fixed assets | |||||||
| Tsoslble assets | 16 | 1,776,049 | 1,742,416 | ||||
| Current assets | |||||||
| Debmts | 17 | 64,658 | 52,611 | ||||
| Cosh at bank | sod in hand | 18 | 224,407 | 256,131 | |||
| 289,065 | 308,742 | ||||||
| Creditors: | amounts | falling | |||||
| due ivithin | one year | 19 | (130,040) | (116,574) | |||
| Net current | assets | 159,025 | 192.168 | ||||
| Total asseis less current | |||||||
| liabilities | 1,935,074 | I,934384 | |||||
| Creditors: | amounts | falling due | |||||
| after more | than nne | year | 20 | (36,318) | |||
| Net assets | 21 | 1,935,074 | 1,898,266 | ||||
| Funds | |||||||
| Restricted income funds | 754,999 | 754,999 | |||||
| Unrestricted | income Ibcds | 1,180,075 | 1,143,267 | ||||
| Total funds | 22 | 1,935,074 | 1,898,266 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating activities: |
||||||||
| Net income for the year | 36,808 | 99,111 | ||||||
| Interest payable | 2,110 | 3,998 | ||||||
| Interest receivable | (28) | (1,450) | ||||||
| Depreciation snd impairment |
24,613 | 21,870 | ||||||
| (Increase)/Decrease in debtors |
(12,047) | 52,738 | ||||||
| Increase/(Decrease) in creditors |
11,446 | (30,194) | ||||||
| Net cash (used in)/provided | by from operating | activities | 62,902 | 146,073 | ||||
| Cash flows from investing activities: |
||||||||
| Interest from investments | 28 | 1,450 | ||||||
| Interest paid | (2,110) | (3,998) | ||||||
| Pnicbsse vf inngible fixed nsscts |
(58,246) | (11&,9501 | ||||||
| Cash provided by (used in) investing |
activities | (60,328) | (118,498) | |||||
| Cash tlows from financing activities |
||||||||
| Repayment ofborrowing | (34,298) | (33,127) | ||||||
| Cash used in financing activities |
(34,298) | (33,127) | ||||||
| Increase (decrease) in cash | and cash | (31,724) | (5,552) | |||||
| equivalents in the year |
||||||||
| Cash and cash equivalents | at the | beginning | of | the year | 256,131 | 261,683 | ||
| Tota) cash and cash equivalents | at | the end | ofthe year | 18 | 224,407 | 256,131 |
| Land and buildings | Straight line | over fifty years from date ofoccupancy | ||
|---|---|---|---|---|
| Plant and machinery | 5%straight | line on cost | ||
| Improvements, furniture |
and equipment | 5 to 20% straight line on cost |
||
| Kitchen equipment | and | utensils | 20%straight | line on cost |
| 3. | Income from charitable | Income from charitable | Income from charitable | Income from charitable | activities | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | ||||||
| funds | funds | Total | Total | ||||||
| g | K | ||||||||
| Elderly Project: | |||||||||
| Lunch collection | 18,325 | 18,325 | 398 | ||||||
| Activities and other |
income | - Elderly | 10,040 | i0,040 | 3,093 | ||||
| 28,365 | 28,365 | 3,491 | |||||||
| Housebound Project: |
|||||||||
| LB Camden —Housebound |
contract | 116,079 | 116,079 | 121,718 | |||||
| LBIslington - Housebound |
contract | 40,628 | 40,628 | 32,780 | |||||
| Other Housebound | contract | 66,736 | 66,736 | 78,266 | |||||
| 223,443 | 223,443 | 232,764 | |||||||
| Community Development |
Project: | ||||||||
| Activities and other |
income | —Community | |||||||
| Other Activities: | |||||||||
| Other membership | fees | 4,489 | 4,489 | 200 | |||||
| Other activities and |
outings | income | 228 | 228 | |||||
| 4,717 | 4,717 | 200 | |||||||
| Income from charitable | activities | 256,525 | 256,525 | 236,455 | |||||
| 4. | Income from other activities | ||||||||
| Unrestricted | Restricted | 2022 | 2021 | ||||||
| funds | funds | Total | Total | ||||||
| g | g | ||||||||
| Administration fees |
30,170 | 30,170 | 36,000 | ||||||
| Rental income | 144,333 | 144,333 | 127,835 | ||||||
| Fundraising events |
23,842 | 23,842 | 5,342 | ||||||
| Room and Hall Hire | Income | 10,192 | 10,192 | ||||||
| 208,537 | 208,537 | 169,177 |
| S. | Investment | income | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | ||||
| funds | funds | Total | Total | ||||
| f, | |||||||
| Bank interest | receivable | 28 | 28 | 1,450 | |||
| 28 | 28 | 1,450 | |||||
| 6. | Other income | ||||||
| Unrestricted | Restricted | 2022 | 2021 | ||||
| funds | funds | Total | Total | ||||
| s | |||||||
| Coronavirns | job retention | scheme | 41,827 | 41,827 | 134,442 | ||
| 41,827 | 41,827 | 134,442 |
| Analysis ofexpenditure | Analysis ofexpenditure | ||||||
|---|---|---|---|---|---|---|---|
| Activity or | Activities | Grant | Support | 2022 | 2021 | ||
| programme | undertaken | funding of | costs | Total | Total | ||
| directly | activities | ||||||
| Elderly Group | 34,487 | 55,113 | 89,600 | 84,403 | |||
| Advice | 10,507 | 26,676 | 37,183 | 35,984 | |||
| Housebound | 19,507 | 192,944 | 87,141 | 299,592 | 318,091 | ||
| Community development |
20,709 | 8,910 | 29,619 | 26,893 | |||
| Total expenditure | 85,210 | 192,944 | 177,840 | 455,994 | 465,371 | ||
| Expenditure on raising |
funds | 6,197 | 3,256 | 9,453 | 4,339 | ||
| Other expenditure | 18,581 | 18,581 | 15,663 | ||||
| Support costs | 68,558 | 109,282 | (177,840) | ||||
| 178,546 | 305,482 | 484,028 | 485,373 | ||||
| 2022 | 21121 | ||||||
| Expenditure included: |
|||||||
| Auditors' remuneration: |
Statutory | audit fee | 5,400 | 5,160 | |||
| Depreciation | 24,613 | 21,870 | |||||
| Mortgage interest |
2,110 | 3,998 | |||||
| 32,123 | 31,028 |
| Expenditu | re on raising funds |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | ||
| funds | funds | Total | Total | ||
| 8 | |||||
| Fundraising | costs | 6,197 | 6,197 | 1,672 | |
| Allocation | ofsalary costs | 3,256 | 3,256 | 2,667 | |
| 9,453 | 9,453 | 4,339 |
| Expenditur | e on charitable activities - by |
fund type | ||
|---|---|---|---|---|
| Unrestricted | 2022 | 2021 | ||
| funds | Total | Total | ||
| Elderly Group | 89,600 | 89,600 | 84,403 | |
| Advice | 37,183 | 37,183 | 35,984 | |
| Housebound | 299,592 | 299,592 | 318,091 | |
| Community | development | 29,619 | 29,619 | 26,893 |
| 455,994 | 455,994 | 465,371 |
| Expenditur | e on charitable activi |
ties - by activity | ||||
|---|---|---|---|---|---|---|
| Direct | Staff | Support | 2022 | 2021 | ||
| costs | costs | costs | Total | Total | ||
| Elderly Group | 34,487 | 55,113 | 89,600 | 84,403 | ||
| Advice | 10,507 | 26,676 | 37,183 | 35,984 | ||
| Housebound | 19,507 | 192,944 | 87,141 | 299,592 | 318,091 | |
| Community | development | 20,709 | 8,910 | 29,619 | 26,893 | |
| 85,210 | 192,944 | 177,840 | 455,994 | 465,371 |
| Unrestricted | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| funds | Total | Total | |||||
| 8 | |||||||
| Auditor | remuneration | 5,400 | 5.400 | 5, 160 | |||
| Professional | - | Legal snd professional | fees | (165) | |||
| AGM & | annual | report | 158 | 158 | |||
| Allocation | ofsalary costs | 13,023 | 13,023 | 10,668 | |||
| 18,581 | 18,581 | 15,663 |
| 2022 | 2021 | ||
|---|---|---|---|
| Total | Total | ||
| g | |||
| Wages & salaries | —gen admin | 96,773 | 89,164 |
| Employer's NIC —gen admin |
9,505 | 6,308 | |
| Staff - pension costs | 3,004 | 2,418 | |
| Water rates - admin | 387 | 1,492 | |
| General rates - admin | 712 | ||
| Light &heat - admin | 12,758 | 6,737 | |
| Repairs & maintenance | 7,842 | 3,329 | |
| Cleaning | 2,049 | 1,127 | |
| Insurance | 1,976 | ||
| Refreshment &staff entertainment |
327 | 330 | |
| Guest entertainment | 16 | 29 | |
| Accountancy fees |
6,851 | 4,685 | |
| Telephone | 3,188 | 4,581 | |
| Printing expenses |
833 | 4,289 | |
| Postage | 2 | 706 | |
| Stationery | 574 | 478 | |
| IT expenses | 7,328 | 4,649 | |
| Depreciation | 24,613 | 21,870 | |
| Grant expenses | 216 | 216 | |
| Bad debts | (1,000) | ||
| Volunteers expenses |
40 | 107 | |
| Bank charges | 460 | 483 | |
| Mortgage interest |
2,110 | 3,998 | |
| Project expenses | 1,349 | 1,668 | |
| Sundry expenses | (4,073) | 21 | |
| 177,840 | 158,685 |
| Employment | costs | 2022 | 2021 |
|---|---|---|---|
| g | |||
| Wages and salaries | 329,395 | 349,991 | |
| Social security | costs | 19,496 | 21,654 |
| Pension costs | 5,081 | 5,090 | |
| 353,972 | 376,735 |
| calculated o |
n the basis | offull time equivalents, was as foll |
ows: | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number | Number | |||
| Expenditure | on raising | funds | 1 | 1 |
| Elderly Group | 7 | 8 | ||
| Advice (E&C) | 1 | 1 | ||
| Housebound | 16 | 20 | ||
| Community | Development | 1 | 1 | |
| Administration | 6 | 6 | ||
| Governance | 8 | 8 | ||
| 40 | 45 |
| 2022 | 2021 |
|---|---|
| 8 | g |
| 5,081 | 5,090 |
| Land and | Kitchen | Improvements, | |||
|---|---|---|---|---|---|
| Tangible fixed assets | buildings | Plant and | equipment | furniture, | |
| freehold | machinery | and utensils | equipment | Total | |
| g | 8 | 8 | g | ||
| Cost | |||||
| At I April 2021 | 1,817,136 | 142,963 | 21,842 | 122,003 | 2,103,944 |
| Additions | 46,302 | 11,944 | 58,246 | ||
| At 31 March 2022 | 1,863,438 | 142,963 | 21,842 | 133,947 | 2,162,190 |
| Depreciation | |||||
| At I April 2021 | 271,137 | 24,872 | 21,561 | 43,958 | 361,528 |
| Charge forthe year | 15,143 | 5,730 | 281 | 3,459 | 24,613 |
| At 31 March 2022 | 286,280 | 30,602 | 21,842 | 47,417 | 386,141 |
| Net book values | |||||
| At 31 March 2022 | 1,577,158 | 112,361 | 86,530 | 1,776,049 | |
| At 31 March 2021 | 1,545,999 | 118,091 | 281 | 78,045 | 1,742,416 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| g | |||
| Trade debtors | 41,483 | 41,601 | |
| Other debtors | 19,542 | 10,077 | |
| Prepayments | and accrued income | 3,633 | 933 |
| 64,658 | 52,611 |
| 18 | Analysis ofcash an | d cash equivalents | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| g | ||||
| Cash in hand | 137,659 | 169,404 | ||
| Notice deposits (less than 3 months) | 28,962 | 28,959 | ||
| Notice deposits (over | 3 months) | 57,786 | 57,768 | |
| Total cash and cash | equivalents | 224,407 | 256,131 | |
| 19. | Creditors: amounts | falling due | ||
| within one year |
2022 | 2021 | ||
| K | K | |||
| Mortgage loan |
24,985 | 22,964 | ||
| Trade creditors | 20,927 | |||
| Other taxes and social | security | 6,319 | 5,852 | |
| Other rreditorc | ca 576 | 54,009 | ||
| Accruals and deferred |
income | 19,233 | 33,749 | |
| 130,040 | 116,574 |
| Analysi | s ofn | et assets between funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | ||||||
| Designated | General | Restricted | Total | ||||
| funds | funds | funds | funds | ||||
| s | |||||||
| Fund balances | at 31 March 2022 as represented | by: | |||||
| Tangible | fixed | assets | 1,021,050 | 754,999 | 1,776,049 | ||
| Current | assets | 82,687 | 206,378 | 289,065 | |||
| Current | liabilities | (24,985) | (105,055) | (130,040) | |||
| 1,078,752 | 101,323 | 754,999 | 1,935,074 |
| Unrestricted | Unrestricted | Unrestricted | funds | funds | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| General | funds | At | Incoming | Outgoing | At | |||||
| 01/04/21 | resources | resources | Transfers | 31/03/22 | ||||||
| 8 | 8 | 8 | ||||||||
| General | funds | 128,986 | 520,836 | (455,956) | (92,543) | 101,323 | ||||
| 128,986 | 520,836 | (455,956) | (92,543) | 101,323 | ||||||
| Designated | funds | At | Incoming | Outgoing | At | |||||
| 01/04/21 | resources | resources | Transfers | 31/03/22 | ||||||
| 8 | ||||||||||
| General | equipment | fund | 78,326 | (3,740) | 11,944 | 86,530 | ||||
| l)uilding | fund | 849,809 | (20,873) | 80,599 | 909,535 | |||||
| Furnishing, | decorating | and IT fund | 86,146 | (3,459) | 82,687 | |||||
| 1,014,281 | (28,072) | 92,543 | 1,078,752 | |||||||
| Restricted | funds | At | Incoming | Outgoing | At | |||||
| 01/04/21 | resources | resources | Transfers | 31/03/22 | ||||||
| K | K | |||||||||
| New building | fund | 754,999 | 754,999 | |||||||
| 754,999 | 754,999 | |||||||||
| Summary | offunds | At | Incoming | Outgoing | At | |||||
| 01/04/21 | resources | resources | Transfers | 31/03/22 | ||||||
| 8 | ||||||||||
| Designated | funds | 1,014,281 | (28,072) | 92,543 | 1,078,752 | |||||
| General | funds | 128,986 | 520,836 | (455,956) | (92,543) | 101,323 | ||||
| 1,143,267 | 520,836 | (484,028) | 1,180,075 | |||||||
| Restricted | funds | 754,999 | 754,999 | |||||||
| 1,898,266 | 520,836 | (484,028) | 1,935,074 |